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Day: April 27, 2020

Innovation Pharmaceuticals Informed Next Phase of Brilacidin Coronavirus (COVID-19) Testing to Begin Week of May 4

WAKEFIELD, Mass., April 27, 2020 (GLOBE NEWSWIRE) — Innovation Pharmaceuticals (OTCQB:IPIX) (“the Company”), a clinical stage biopharmaceutical company, is pleased to report the Company has been informed by researchers at the U.S. Regional Biocontainment Laboratory (RBL) that continued coronavirus (COVID-19) testing of Brilacidin, the Company’s defensin-mimetic drug candidate, is scheduled to begin the week of May 4.Concurrently, the Company is prioritizing Brilacidin’s clinical development by taking steps to rapidly advance Brilacidin testing in human trials, including preparations for engaging with regulatory authorities, as the research continues into the drug’s antiviral properties.Results from initial testing at the RBL showed that Brilacidin had antiviral activity against SARS-CoV-2 in Vero cells, a screening assay using a monkey...

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Two Rivers Water & Farming Company Welcomes New Members to the Board of Directors

DENVER, Colorado, April 27, 2020 (GLOBE NEWSWIRE) — Two Rivers Water & Farming Company (“Two Rivers” or the “Company”) (OTCQB: TURV), a strategic company that acquires, manages and develops the infrastructure of various agricultural industries including land and water rights, is pleased to welcome Oscar Tapia Pereira and Ramon Chimelis to their Board of Directors. These board members will serve until the next annual meeting of Two Rivers’ shareholders.“Two Rivers has opportunities for growth right now, and we need Directors who understand various aspects of the Company’s needs,” stated Greg Harrington, CEO of Two Rivers. “Oscar and Ramon are the right people to join our Board and their professional background offers tremendous value to our team.”Mr. Oscar Tapia PereiraMr. Pereira, 40, is an Attorney at Law with more than eighteen...

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Verizon, Ford Work to Feed Healthcare Workers in Downtown Detroit

BASKING RIDGE, N.J., April 27, 2020 (GLOBE NEWSWIRE) — Verizon is collaborating with the Ford Motor Company Fund to expand Verizon’s “Food for Frontline Workers” initiative to doctors, nurses and medical staff working in downtown Detroit. Local food trucks will provide one meal each day for two weeks to more than 300 medical staff working at the TCF Regional Care Center. “When we started our ‘Food for Frontline Workers’ program earlier this month in New York City, we said we wanted to find ways to work with our customers and partners to expand the program to other cities,” said Tami Erwin, CEO of Verizon Business Group. “Ford highlighted the need for this type of program in their hometown, Detroit, and we were glad to be able to support their ongoing efforts.”Verizon is supporting the efforts of local businesses like Grillz on Wheelz,...

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Coastal Financial Corporation Announces First Quarter 2020 Results

Quarter One 2020 Highlights:Net income totaled $2.7 million for the quarter ended March 31, 2020, or $0.22 per diluted common share, a decrease of 3.0% from $2.8 million or $0.23 per diluted common share for the quarter ended March 31, 2019. Total assets were $1.18 billion and grew at an annualized rate of 19.8% during the quarter ended March 31, 2020, compared to total assets of $1.13 billion at December 31, 2019.Total loans receivable grew at an annualized rate of 28.3% during the quarter ended March 31, 2020 to $1.01 billion compared to $939.1 million at December 31, 2019.A provision for credit losses of $1.6 million was recorded during the quarter ended March 31, 2020, due to loan growth and in response to the economic uncertainties of the COVID-19 pandemic.Total deposits increased at an annualized rate of 15.4% during the quarter...

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First Quarter Leads First Citrus Bancorporation, Inc. to Record Deposit Growth

TAMPA, Fla., April 27, 2020 (GLOBE NEWSWIRE) — First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the first quarter of 2020. Collaboration between our deposit and lending teams is fueling low-cost deposit growth. The year over year period ending March 31, 2020, was the strongest core deposit growth period since 2004. More importantly, low-cost deposit growth was the highest in the company’s history. First-quarter profits were down 21% largely due to personnel additions on the business and retail banking roster.First Quarter 2020 Highlights (compared to first quarter 2019)Book value per share growth of 8%*;Asset growth of 10%;Loan growth of 11%;Demand deposit growth of 32%;Total deposit growth of 19%.Net income for the three months ended...

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CytoDyn Announces Vyrologix as Proprietary Name for Leronlimab as a Combination Therapy for Highly Treatment Experienced HIV Patients in the United States

VANCOUVER, Washington, April 27, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, today announced conditional acceptance by the U.S. Food and Drug Administration (FDA) of the proprietary name Vyrologix (pronounced – vie-ro-loj-iks) for leronlimab as a combination therapy for highly treatment experienced HIV patients in the United States. In addition, the Company has also received a notice of allowance from the U.S. Trademark Office for the Vyrologix mark.Final approval of Vyrologix as the proprietary name for leronlimab is conditional on FDA approval of the Company’s Biologics License Application and new drug application. “We are pleased to receive...

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Golar LNG Partners LP Cash Distributions

As announced on April 1, 2020, the Board of Golar LNG Partners LP (“the Partnership”) (NASDAQ: GMLP) has approved a quarterly cash distribution with respect to the quarter ended March 31, 2020 of $0.0202 per common and general partner unit. This cash distribution will be paid on May 14, 2020 to all common and general partner unitholders of record as of the close of business on May 7, 2020.A cash distribution of $0.546875 per Series A preferred unit (NASDAQ: GMLPP) for the period from February 15, 2020 through May 14, 2020 has also been declared.  This will be payable on May 15, 2020 to all Series A preferred unitholders of record as at May 8, 2020.Golar LNG Partners LPHamilton, BermudaApril 27, 2020This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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TowneBank Reports First Quarter 2020 Earnings

SUFFOLK, Va., April 27, 2020 (GLOBE NEWSWIRE) — TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2020 of $26.38 million, or $0.36 per diluted share, compared to $31.41 million, or $0.44 per diluted share, for the quarter ended March 31, 2019.“Our Company began 2020 on strong footing with loan demand exceeding expectations.  However, traditional performance measures such as growth and profitability were temporarily superseded by challenges that are unprecedented in the history of this country.  Our slogan of “Serving Others and Enriching Lives” emerged center stage as we engaged our members, communities and colleagues to understand how we can help them navigate the current environment.  Through our participation in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”),...

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FNCB Bancorp, Inc. Announces First Quarter 2020 Earnings

DUNMORE, Pa., April 27, 2020 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), today reported net income of $2.1 million, or $0.10 per basic and diluted share, for the three months ended March 31, 2020, a decrease of $0.5 million, or 21.7% from $2.6 million, or $0.14 per basic and diluted share, for the comparable period of 2019. Return on average assets and return on average shareholders’ equity were 0.69% and 6.06%, respectively, in 2020, compared to 0.86% and 9.70%, respectively in 2019. The decline in first quarter 2020 earnings was primarily caused by a $1.3 million increase in the provision for loan and lease losses which reflected deteriorating economic conditions brought on by the COVID-19 global pandemic. FNCB declared and paid dividends in the...

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PSB Reports First Quarter 2020 Earnings of $1.6 Million or $0.36 Per Share; COVID-19 Preparations Begin

WAUSAU, Wis., April 27, 2020 (GLOBE NEWSWIRE) — PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank serving North Central Wisconsin, reported first quarter earnings ending March 31, 2020 of $0.36 per PSB share on net income of $1.61 million, compared to earnings of $0.63 per share on net income of $2.81 million during the December 31, 2019 quarter, and $0.61 per share  on earnings of $2.73 million during the first quarter a year ago.  First quarter earnings reflect the initial impact of COVID-19 preparations and the Safer-At-Home Order by Governor Evers effective March 25, 2020, resulting in the closing of businesses or a substantial reduction in business activity.  Our first quarter operating results reflected: (1) significantly higher loan loss provisions related to the COVID-19 pandemic and its...

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