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Day: March 20, 2020

DMG Implements a Work from Home Plan for Head Office

Highlights:●     On March 13, 2020 DMG implemented its Work from Home (“WFH”) initiative for office staff●     DMG’s server management software allows the data center to operate 24/7 with the possibility for minimal human resource interaction●     DMG focuses on growth of Canadian operations and starts closure process for US operations●     Danny Yang has resigned as DMG’s Chief Technology OfficerVANCOUVER, British Columbia, March 20, 2020 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and technology company, has announced that it has fully implemented its WFH initiative to further protect its office employees and the general public, in response to the Covid-19 pandemic. DMG has always allowed its software engineers to work remotely...

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DIVERGENT Energy Services Corp. Announces Changes to its Board of Directors

CALGARY, Alberta, March 20, 2020 (GLOBE NEWSWIRE) — DIVERGENT Energy Services Corp. (“DIVERGENT” or the “Company“) announces the following changes to its Board of Directors.APPOINTMENT OF EXECUTIVE CHAIRMANThe Company announces that Ken Bagan has stepped down as Chairman of the Board and has been appointed as Lead Director.  Cameron Barton, has been appointed as Executive Chairman of the Board.  In the role of Executive Chairman, Mr. Barton will assist management with stakeholder relations, financial management and structuring, tax planning, corporate financing and strategic growth initiatives. Mr. Barton commented “We sincerely thank Mr. Bagan for his substantial contributions as a Director since 2012 and as Chairman since 2016.”ADDITION OF NEW BOARD MEMBERThe Company is also pleased to announce the appointment of Geoff...

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Finning Provides a Corporate Update

VANCOUVER, British Columbia, March 20, 2020 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) announces business continuity measures in response to COVID-19 and related market conditions.In response to the COVID-19 pandemic and global market volatility, we have activated robust business continuity plans to minimize disruptions to our business and adapt to evolving market conditions. Our top priority is the health and safety of our staff, customers, and the communities in which we operate. We have taken appropriate precautions in this regard while continuing to deliver products and services to meet our customers’ needs. To that end, we are following the advice of health authorities in each jurisdiction where we operate. Globally, we have implemented social distancing, team separation, and extensive work from home initiatives,...

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PetIQ, Inc. Announces Business Update Related to COVID-19

EAGLE, Idaho, March 20, 2020 (GLOBE NEWSWIRE) — PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading pet medication and wellness company, today announced that out of an abundance of caution for its employees and customers in response to COVID-19 all veterinary community clinics and wellness centers will temporarily close effective Friday, March 20, 2020. The Company is continuously monitoring this situation and will reopen its veterinary service locations as soon as practical.  PetIQ’s veterinarian products business continues to perform well with full availability of its pet health and wellness items at its retail and e-commerce partners.“The coronavirus has created an unprecedented situation that requires PetIQ to take action,” commented Cord Christensen, PetIQ’s Chairman and Chief Executive Officer. “We are prioritizing...

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Virtu Announces $450 Million of Additional Broker Dealer Borrowing Capacity and Preliminary Quarter-to-Date Results

NEW YORK, March 20, 2020 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) (“Virtu” or the “Company”), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, today announced its preliminary results for the quarter to date and an expansion of its short-term borrowing capacity.“Given the sustained levels of extraordinary volatility in the current macro environment and the unique opportunity this affords Virtu to provide valuable liquidity to customers across the global markets and execution services to our clients, we consider it prudent to opportunistically supplement our borrowing capacity,” said Douglas A. Cifu, CEO of Virtu Financial. “Our results to date validate our ability...

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Mohawk Group’s Fulfillment Platform Made Available to Amazon FBA Sellers Impacted by COVID-19 Crisis

NEW YORK, March 20, 2020 (GLOBE NEWSWIRE) — Mohawk Group Holdings, Inc. (NASDAQ: MWK) the tech-enabled, consumer products company, announced today that in light of the current COVID-19 FBA fulfillment challenges facing sellers on Amazon’s Marketplace, Mohawk is making available its AIMEE software platform to facilitate deliveries during these unprecedented times.  Today, Mohawk is one of the largest Amazon sellers armed with a proprietary third party logistics network that is able to cover approximately 93% of the US population in one to two days Prime certified shipping.  Yaniv Sarig, Co-Founder and Chief Executive Officer of Mohawk Group, stated, “During these difficult times it is incumbent on us all to do our part to help alleviate the challenges currently facing everyone. Making the Mohawk AIMEE platform available to sellers...

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UNITED STATES STEEL CORPORATION PROVIDES FIRST QUARTER 2020 GUIDANCE

PITTSBURGH, March 20, 2020 (GLOBE NEWSWIRE) — United States Steel Corporation (NYSE: X) today provided first quarter 2020 guidance. First quarter 2020 adjusted EBITDA is expected to be approximately $30 million. The Company expects first quarter 2020 adjusted diluted loss per share to be approximately ($0.80). “Through the quarter, our Flat-rolled operations have performed well, and we are recognizing the operational and financial benefits of the investments in our assets that we have made over the past several years. Strong performance on reliability, quality, and productivity, combined with a continued focus on driving sustainable cost improvements across the footprint, have contributed to a better than expected first quarter to date,” commented President and Chief Executive Officer David B. Burritt. “The Tubular market continues...

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West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call

WEST DES MOINES, Iowa, March 20, 2020 (GLOBE NEWSWIRE) — West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the first quarter of 2020, on Thursday, April 23, 2020 before the markets open.The Company will discuss its results in a conference call scheduled for 10:00 a.m. Central Time on Friday, April 24, 2020.  The telephone number for the conference call is 888-339-0814.  A recording of the call will be available until May 8, 2020, by dialing 877-344-7529.  The replay passcode is 10137422.West Bancorporation, Inc. is headquartered in West Des Moines, Iowa.  Serving it’s customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services and trust services for consumers and small- to medium-sized...

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Grom Social Enterprises Improves Working Capital with the Restructure of $4.0 Million of Buyers’ Notes

Extends term and payment of Promissory Notes originally coming due on April 2, 2020BOCA RATON, FL, March 20, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom” or “the Company”), a leading social media platform and original content provider for children between the ages of 5 and 16, today announced that it has significantly strengthened its balance sheet by restructuring of $4.0 million of promissory notes that were set to mature on April 2, 2020 at terms favorable to the Company.  The $4.0 million of promissory notes were part of the consideration paid by Grom to acquire Manila, Philippines based TD Holdings, Ltd. and its subsidiary, Top Draw Animation, Inc.“The restructuring of these $4 million of promissory notes represents another big step forward in our efforts...

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