Day: April 16, 2020

EXTON, Pa., April 16, 2020 (GLOBE NEWSWIRE) — Omega Flex today reported its results of operations for the First Quarter, 2020:Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first quarter of 2020 were $25,266,000 compared to $26,788,000 during the first quarter of last year, decreasing $1,522,000 or 5.7%.  Net Income for the first three months of 2020 was however very similar to last year, being $4,344,000 and $4,382,000 for 2020 and 2019, respectively, down 0.9%.  The company was successful in maintaining earnings per share at $0.43 per share.The COVID-19 pandemic has had an impact on our March 31, 2020 operations and financial results.  The business continues to operate with two shifts and no layoffs despite a slight softening in our business during the first quarter of 2020.  We have seen an increase...

PITTSBURGH, April 16, 2020 (GLOBE NEWSWIRE) — Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal 2020 earnings results after the market closes on Thursday, May 7, 2020.The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook.  Participating in the call will be Joseph C. Bartolacci, President and CEO, and Steven F. Nicola, Chief Financial Officer.  A question-and-answer session will follow.A telephonic replay will be available from 12:00 p.m. ET on the day of the teleconference call until Friday, May 22, 2020.  To listen to the archived call, dial 412-317-6671 and enter conference ID number 13701755, or access the webcast replay at www.matw.com, where a transcript will be posted once available.About...

HOLLAND, Mich., April 16, 2020 (GLOBE NEWSWIRE) — Due to the emerging public health impact of the coronavirus outbreak (COVID 19) and to support the health and well-being of shareholders, the Board of Directors of Macatawa Bank Corporation (Nasdaq: MCBC) (the “Company” ) has determined to hold the previously announced Annual Meeting of Shareholders (Annual Meeting) in a virtual meeting format only. Shareholders will not be able to attend the Annual Meeting in-person and are advised to plan accordingly. The Annual Meeting will be held on Tuesday, May 5, 2020 at 9:00 a.m. ET by webcast only and can be accessed on the Internet at www.virtualshareholdermeeting.com/MCBC2020 or through the “Investor Relations” section of the Company’s website: www.macatawabank.com.As described in the proxy materials for the Annual Meeting,...

LUBBOCK, Texas, April 16, 2020 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.03 per share of common stock, payable on May 11, 2020, to shareholders of record as of the close of business on April 27, 2020.  The amount and timing of any future dividend payments to the Company’s shareholders will be subject to the discretion of the Company’s Board of Directors.In addition, the Company announced that it has temporarily suspended its stock repurchase program in response to the ongoing COVID-19 pandemic.  The Company’s Board of Directors previously authorized the Company to purchase up to $10.0 million of its outstanding shares of common stock from time to...

JACKSONVILLE, Fla. and LOS ANGELES, April 16, 2020 (GLOBE NEWSWIRE) — Stein Mart, Inc. (NASDAQ: SMRT) (“Stein Mart”) and Kingswood Capital Management, L.P. (“Kingswood”) today announced that the parties have mutually agreed to terminate their merger agreement, previously announced on January 31, 2020, under which an affiliate of Kingswood was to acquire all of the outstanding common stock of Stein Mart not already beneficially owned by affiliates of Jay Stein, Stein Mart’s former CEO and current Chairman of the Board of Directors, and related investors.The termination was approved by the Stein Mart Board of Directors (other than Mr. Stein) acting on the recommendation of the Special Committee of independent directors that oversaw negotiation of the merger agreement, and is in response to the unpredictable economic conditions resulting...

MONDOVI, Wis., April 16, 2020 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 1.3% improvement in net income to $13.7 million, or 25 cents per diluted share, for the first quarter ended March 31, 2020, from $13.5 million, or 25 cents per diluted share, for the first quarter of 2019.Operating revenue improved 9.9% to a record $218.6 million for the first quarter of 2020 from $199.0 million for the first quarter of 2019. Excluding fuel surcharges, operating revenue improved 10.2% to $193.4 million for the 2020 quarter from $175.5 million for the 2019 quarter. Fuel surcharge revenue increased to $25.2 million for the 2020 quarter from $23.6 million for the 2019 quarter.Operating income improved 1.7% to $18.0 million for the first quarter of 2020 from $17.7 million for the first quarter of 2019.Operating...

VANCOUVER, British Columbia, April 16, 2020 (GLOBE NEWSWIRE) — AsiaBaseMetals Inc. (the “Company”) (TSX-V: “ABZ”) is pleased to provide this corporate update.Updated Technical Report- Gnome PropertyThe Company filed an updated technical report under the Company’s profile on SEDAR regarding its Gnome Property located in the Omineca Mining Division, British Columbia, Canada on April 3, 2020 (effective March 5, 2020).  The report is also available on the Company’s website.  The report, entitled “NI 43-101 Technical Report on the Gnome Property located in the Omineca Mining Division, British Columbia, Canada, NTS 94F/2E, 7E Latitude 57°14’ N, Longitude 124°33’ W“, incorporates the results of the Company’s recent work program on the Gnome Property.Myanmar Permit ApplicationThe Company is awaiting the grant...

ROCHESTER, Mich., April 16, 2020 (GLOBE NEWSWIRE) — OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies and payers, will continue its webinar series on COVID-19 next week to address the rapid adoption of telehealth with industry veterans from Carla Smith Health and Genius Rx.This will be the sixth in a series of webinars OptimizeRx has been hosting to facilitate industry collaboration across healthcare verticals in response to COVID-19. The conversation around telehealth brings together thought leaders with deep industry relationships who have driven innovation in the healthcare space through the implementation of disruptive technologies and strategic collaboration.  The panel will be moderated by OptimizeRx president, Miriam Paramore. She will be joined by Carla Smith, CEO...

NEW YORK, April 16, 2020 (GLOBE NEWSWIRE) — Immunovant, Inc. (Nasdaq: IMVT), a clinical-stage biopharmaceutical company focused on enabling normal lives for patients with autoimmune diseases, today announced the closing of its previously announced underwritten public offering of 9,613,365 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase 1,253,917 additional shares of common stock, at a price to the public of $14.50 per share. The aggregate gross proceeds to Immunovant from the offering were approximately $139.4 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares of common stock were sold by Immunovant.SVB Leerink, UBS Investment Bank, SunTrust Robinson Humphrey and Chardan acted as joint bookrunning managers for the offering....

DENVER, April 16, 2020 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it expects 2020 first quarter revenue to be between $9.3 million and $9.4 million versus revenue of $24.8 million in the first quarter last year.  These preliminary revenue estimates have been adjusted to reflect the discontinuation of water transfer operations in the fourth quarter of 2019.  In addition, net income and adjusted EBITDA for the first quarter are expected to decrease significantly compared to prior-year levels.Ian Dickinson, President and CEO, said the results reflect ongoing weakness in domestic oil and gas activity levels driven by lower commodity prices, related pricing...