Month: March 2020

PITTSBURGH, March 30, 2020 (GLOBE NEWSWIRE) — Matthews International Corporation (NASDAQ GSM: MATW) today announced that, on March 27, 2020, the Company renewed its domestic revolving credit facility and term loan.  The Company also announced the renewal, on March 27, 2020, of its accounts receivable securitization facility.The new revolving credit facility, which provides for borrowings up to $750 million, has a five-year term and is scheduled to mature in March 2025.  In addition, the new term loan represents the remaining $35 million balance on the existing term loan.  The timing of the new credit facilities reflects the Company’s routine process of renewing its credit facilities approximately one year prior to maturity.  The existing revolving credit facility was scheduled to mature in April 2021.  The Company reduced the revolving...

Lake Forest, CA, March 30, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today reported financial results for the fiscal year ended December 31, 2019.Key Financial Highlights:Revenues (net of allowances) for the year ended December 31, 2019 increased 25% to $19 million, as compared to $15.3 million in fiscal 2018.Gross Profit increased 60% to $5.6 million, as compared to $3.5 million in fiscal 2018.Reduced net loss attributable to common stockholders, $4.3 million, or $0.14 per share, as compared to $32.3 million, or $7.22 per share in fiscal 2018.Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “I am pleased to announce 2019 was a year filled with capitalization of opportunities for us due to our aggressive sales and marketing efforts. We are encouraged...

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated PersonsThe following Director has purchased ordinary shares of 2.5 pence each in Alliance Trust PLC as detailed below.The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Millicom announces change of date of Annual General MeetingLuxembourg, March 30, 2020 – Millicom International Cellular S.A. (“Millicom”) announced today that it will now hold its Annual General Meeting (AGM) on June 25, 2020. The AGM was initially scheduled to be held on May 5, 2020.Millicom will take appropriate measures to ensure that the AGM is conducted in accordance with recommendations from authorities regarding COVID-19 and all applicable laws.Millicom will publish the convening notice for the AGM no less than 30 days before the new AGM date.For further information, please contactAbout MillicomMillicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband...

TAMPA, Fla., March 30, 2020 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration and project development, reported results for the full year ended December 31, 2019, and provided an update on current projects and future plans.“In spite of the world-wide changes taking place due to COVID-19, the Odyssey team remains fully engaged in moving projects forward while working remotely,” stated Mark Gordon, Odyssey Chairman and CEO.“Over our 25-year history, Odyssey’s business plan has always focused on developing high-value assets in the deep ocean that have the potential to deliver asymmetric returns to our investors. As such, our stock value has historically been uncorrelated to the general market,” stated Gordon. “We currently have three significant seafloor mineral projects...

MENLO PARK, Calif., March 30, 2020 (GLOBE NEWSWIRE) — CohBar, Inc. (NASDAQ: CWBR), a clinical stage biotechnology company developing mitochondria based therapeutics to treat chronic diseases and extend healthy lifespan, today announced that it is anticipating delays in the completion of its CB4211 Phase 1b study for NASH and obesity. This delay is a result of a pause by some of the company’s clinical research organization partners in all of their activities related to the study in response to the COVID-19 pandemic and the advice of the CDC and local authorities. Given the uncertainties around this unprecedented pandemic and its impact on the Phase 1b clinical study activities, including enrollment of subjects, the company is unable to provide additional guidance at this time.“Conducting trials during the COVID-19 pandemic is an...

ATLANTA, March 30, 2020 (GLOBE NEWSWIRE) —Working with global companies to transport testing kits, personal protection equipment (PPE) and medical devices needed in support of public safety and to speed diagnosis and therapy for COVID-19Supporting FEMA, Project Airbridge, and other government agencies with supply chain and shipping services for respirators, test kits, and PPE across the U.S.Helping U.S. state health agencies secure needed supplies and set up testing sites at state-designated locationsUPS is also working with Henry Schein, McKesson, and other valued customers to facilitate movement of PPE and other needed materials from suppliers to testing centers and distributors all over the US Assisting DuPont, and numerous other companies such as Uline, Grainger and Taylor Corporation, with the logistics and transportation of...

ATHENS, Greece, March 30, 2020 (GLOBE NEWSWIRE) — TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that its 50% subsidiary, City of Athens Pte., concluded the previously announced sale of its 100% owned vessel, M/T Holmby Hills, and that the cash release to the Company amounts to $10.2 million.Furthermore the Company expects to conclude the sale of its second 50% owned vessel (also previously announced) within the second week of April and depending on the exact date that the sale takes place and on prevailing USD Swap rates at the time of closing, the Company estimates that the cash release from that sale will also result in a cash release of about $10 million.The Company also announced that on March 27, 2020 the Equity Distribution Agreement...

TORONTO, March 30, 2020 (GLOBE NEWSWIRE) — Tamino Minerals, Inc. (“Tamino” or the “Company”) (OTC Markets: TINO) February 28, 2020, Mr. Pedro Villagran-Garcia, President & CEO, announces that Tamino continues to be hard at work. We have had a fast start to 2020 with excellent results in the first and second quarters through the collective group initiatives of sourcing new acquisitions and pursuing diligent financing to become current on OTC Markets. So far, the best results in the stock market have taken place during the third quarter of 2019, in the month of September.We are pleased to report that our executive management, with its key leadership team, is continuing to produce results.During the week of September 16 to September 20, the company managed to trade close to approximately 145 million shares...

NEW YORK, March 30, 2020 (GLOBE NEWSWIRE) — Staffing 360 Solutions, Inc. (NASDAQ: STAF) a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today provided a business update in the current COVID-19 coronavirus environment.The global pandemic is one that no one has seen before or for which we could be adequately prepared. Our management team is meeting daily regarding our response and readiness – and to best prepare for where we will be when it starts to recede. No one is an expert on this, but we are doing our best each day to do the right thing. The pandemic has hit all businesses and has generated a level of uncertainty in relation to the near-term future within the staffing industry. Staffing 360 Solutions is not...