Day: March 23, 2020

CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — FluroTech Ltd. (TSXV: TEST) (OTCQB: FLURF), a technology company focused on becoming the standard in the analytical Cannabis and Hemp testing market, is pleased to announce it has entered into an non-exclusive US distribution agreement with North Carolina based HempLab Inc.The distribution agreement provides for FluroTech and HempLab to work together to introduce the CompleTestTM  to regulatory bodies and law enforcement agencies on the east coast of the United States with the goal of having CompleteTestTM become an approved testing device to accurately determine if a sample of biomass contains more than 0.3% THC, the legal limit to be classified as Hemp under the USDA guidelines.HempLab’s Chief Executive Officer and Co-Founder John Herring, brings over 25 years of experience in...

VANCOUVER, British Columbia, March 23, 2020 (GLOBE NEWSWIRE) — Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, announced today a message from the CEO and Chairman of Aequus, Doug Janzen:“We have been working diligently over the past weeks to respond promptly and proactively against this novel coronavirus (COVID-19) and closely following the guidance of medical officials as well as the most recent government actions across several provinces.We have suspended in-field clinic and hospital visits for the time being, in an effort to both stay out of the way of essential services in our health care facilities as well as minimizing the risk of exposure or inadvertent spreading of the virus...

TOM’S RIVER, N.J., March 23, 2020 (GLOBE NEWSWIRE) — Infiniti HR Inc. is one of the largest Professional Employer Organizations (PEO) in the U.S. Infiniti is a co-employer of over 70,000 employees, with its business concentration in the Franchisor space. Quad M Solutions, Inc operates a JV with Infiniti HR, Inc., where Infiniti co-employees will migrate onto the major medical insurance and benefits platforms of Quad M Solution’s two subsidiaries, OpenAxess Inc. and PrimeAxess Inc. Each co-employee represents $800-$1000 of revenue with approximately $200 per employee of operating margin/profit for Quad M Solutions, Inc.The PrimeAxess and OpenAxess health plan programs utilize various telemedicine technology platforms ranging from tele-mental health, tele -physical therapy, tele-physician. We believe that this makes our health...

ProVen VCT plcNet Asset Value23 March 2020The Board of ProVen VCT plc (the “Company”) together with the manager, Beringea LLP (“Beringea”), have been monitoring the evolution of COVID-19 and, in particular, its impact on portfolio companies. In light of this, the Board carried out a review of the portfolio and announces that the unaudited net asset value of the Company is 65.1p per share. This is based on the unaudited net asset value of the Company as at 20 March 2020.This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU Regulation 596/2014).Beringea LLPCompany SecretaryTelephone 0207 845 7820– End

Memphis, TN , March 23, 2020 (GLOBE NEWSWIRE) —  Surge Holdings, Inc. (“Surge”) (OTCQB: SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today provided an update to shareholders from Chief Executive Officer, Brian Cox.Dear Surge Shareholders:Here at Surge, we are committed to the health and safety of our employees.  We are also grateful for the hard work of the local, state and federal employees, as well as healthcare workers and others on the front lines working tirelessly to ensure the safety and wellbeing of citizens around the country.  During these unprecedented times I’d like to reassure our customers and shareholders that our business has been uninterrupted. Please know that we are all safe and sound and fully capable to...

TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — iLOOKABOUT Corp. (TSXV: ILA; OTCQB: ILATF) (“ILA” or “the Company”) Outside of the effect COVID-19 is having on the general market, the Company is not aware of any material development that would cause movement in the Company’s share price over the last week. The Company also issued the following statement:We believe the current macroeconomic and working environment factors are supportive of our business in a positive way. Low US mortgage interest rates will create a multi-year market opportunity for us and the requirement to be flexible and modern lends itself to our technology platform, allowing valuations to be completed leveraging our data and proprietary software. We are uniquely built to solve for the current health and social distancing reality and as a result will speed the adoption...

HENDERSON, Nev., March 23, 2020 (GLOBE NEWSWIRE) — BioELife Corp. (OTC QB: LITH) (the “Company”) is pleased to announce that William (Bill) Marciniak is joining its Advisory Board of external experts to assist the Company in its strategic development. Mr. Marciniak brings over 35 years of pharmaceutical and manufacturing experience to help BioELife expand its product line, manufacturing and distributor relationships.As a co-founder of RxElite, Mr. Marciniak achieved great success developing and producing albuterol and ipratropium. After acquiring the appropriate ANDA certification for each product, contracting with the top manufacturers and leading the distribution efforts, RxElite captured 33% market share in just 18 months. Their clients were the top wholesalers, distributors and pharmacy chains in America.  RxElite was eventually...

SOUTH SAN FRANCISCO, Calif., March 23, 2020 (GLOBE NEWSWIRE) — Alector, Inc. (Nasdaq: ALEC) today announced the addition of Paula Hammond, Ph.D., to the Company’s Board of Directors. Dr. Hammond is the David H. Koch Chair Professor of Engineering and Department Head, Chemical Engineering at the Massachusetts Institute of Technology (MIT), a member of MIT’s Koch Institute for Integrative Cancer Research and a founding member of the MIT Institute for Soldier Nanotechnology.“At Alector, we are building a leading biotechnology company, and as part of those efforts, we are partnering with top scientists, drug developers and business leaders to advise us and support our ambitious goal of curing neurodegeneration,” said Arnon Rosenthal, Ph.D., Chief Executive Officer of Alector. “Paula brings more than 25 years of scientific excellence...

VANCOUVER, British Columbia, March 23, 2020 (GLOBE NEWSWIRE) — Pursuant to the Italian Government’s decree issued on March 22, 2020 regarding COVID-19, Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced it will temporarily suspend production at its facilities in Cherasco and Albinea, Italy. The directive is in effect until April 03, 2020. The temporary suspension of the Company’s production in Brescia, Italy announced on March 16, 2020, will be extended to align with this latest directive.“The health and well-being of our global team of employees continues to be our utmost priority”, said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “Our Italian team has shown tremendous resilience during this difficult time and we support government efforts to act...

RIDGEFIELD, Conn., March 23, 2020 (GLOBE NEWSWIRE) — The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) (the “Company”), a premier distributor of specialty food products in North America, today announced that it has adopted a 364-day duration stockholder rights agreement (the “Rights Agreement”), effective March 22, 2020.The Rights Agreement is similar to stockholder rights plans adopted by other public companies, and is intended to promote the fair and equal treatment of all Company stockholders and ensure that no person or group can gain control of the Company through open market accumulation or other tactics potentially disadvantaging the interests of all stockholders without paying an appropriate control premium to deliver sufficient value for all Company stockholders. The Company’s Board of Directors (the “Board”) has taken note in particular...