Month: April 2020

Goldfield Announces Schedule for First Quarter 2020 Earnings Release and Conference Call

Written by Customer Service on April 23, 2020. Posted in Public Companies.

MELBOURNE, Fla., April 23, 2020 (GLOBE NEWSWIRE) — The Goldfield Corporation (NYSE American: GV), a leading provider of electrical construction services for the utility industry and industrial customers through its subsidiaries Power Corporation of America, C and C Power Line, Inc., Precision Foundations, Inc., and Southeast Power Corporation, with operations primarily in the Southeast, mid-Atlantic and Texas-Southwest regions of the United States, today announced it will issue first quarter 2020 financial results after the market closes on Wednesday, May 6. Investors can access the financial results (including any information required by Regulation G) at http://ir.goldfieldcorp.com/financial-results.The Company’s President and Chief Executive Officer John H. Sottile and Chief Financial Officer Stephen R. Wherry will host a conference...

Rockcliff Discovers At Tower Deposit High Grade Copper Extensions Along Strike Including 4.88% CuEq Across 13.53 Metres and at Depth Including 5.87% CuEq Across 1.12 Metres

Written by Customer Service on April 23, 2020. Posted in Public Companies.

SUDBURY, Ontario, April 23, 2020 (GLOBE NEWSWIRE) — Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the completion of a successful winter drill program on its 100% owned Tower Property. Drilling has intersected high-grade copper extensions along strike to the south and at depth outside of the current limits of the high-grade Tower Deposit. The Tower Deposit mineralization strike length is now over 900 metres (“m”) and has been intersected to depths of over 600 m. It remains open along strike to the south and at depth.Rockcliff’s President and CEO Alistair Ross commented: “We are extremely pleased to report that our 2020 winter drill program has exceeded expectations. The Tower Deposit is presently one of the highest grade unmined deposits in the prolific...

Arch Biopartners Submits Application to Health Canada to Conduct COVID19 Phase II Human Trial for Metablok to Prevent Lung and Kidney Inflammation

Written by Customer Service on April 23, 2020. Posted in Public Companies.

TORONTO, April 23, 2020 (GLOBE NEWSWIRE) — Arch Biopartners Inc., (“Arch” or the “Company”) (TSX Venture: ARCH and OTCQB: ACHFF) a clinical stage company developing new drug candidates for treating organ damage caused by inflammation, today announced it has submitted a Clinical Trial Application to Health Canada for a Phase II human trial for its lead drug Metablok (LSALT peptide) to prevent lung and kidney inflammation in patients with COVID19.The Phase II trial will be a multicenter, randomized, double-blind, placebo-controlled, proof of concept study of LSALT peptide. The primary endpoint is to prevent acute respiratory distress syndrome (ARDS) in patients infected with SARS-CoV-2 (COVID-19).In the absence of a vaccine to prevent SARS-CoV-2 infection, survival rates and health care system capacity could both be improved with...

Jericho Oil to Raise $5 Million CAD in Equity Financing for Future Acquisitions

Written by Customer Service on April 23, 2020. Posted in Public Companies.

Not for dissemination in the United States or for distribution to U.S. newswire servicesTULSA, Okla. and VANCOUVER, British Columbia, April 23, 2020 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that it intends to raise approximately $5 Million CAD through a non-brokered private placement (the “Offering”) of approximately 50,000,000 units (“Units”) at a price of C$0.10 per Unit, with each such Unit consisting of one common share of the Corporation (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance.Net proceeds from the Offering, which is being led by existing shareholders,...

Glacier Bancorp, Inc. Announces Results for the Quarter Ended March 31, 2020

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

1st Quarter 2020 Highlights:Net income of $43.3 million for the current quarter, a decrease of $5.8 million, or 12 percent, over the prior year first quarter net income of $49.1 million. The current quarter results include $19.1 million of credit loss expense related to the COVID-19 pandemic and $4.8 million of credit loss expense from the acquisition of State Bank Corp., consistent with the adoption of the current expected credit loss (“CECL”) accounting standard at the beginning of 2020.Including the impact from CECL, the current quarter diluted earnings per share of $0.46, a decrease of 21 percent from the prior year first quarter diluted earnings per share of $0.58.The loan portfolio organically grew $124 million, or 5 percent annualized, during the current quarter and increased $450 million, or 5 percent, from the prior year first...

Midland States Bancorp, Inc. Announces 2020 First Quarter Results

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

SummaryNet income of $1.5 million, or $0.06 diluted earnings per shareNew CECL accounting standard adopted as of January 1, 2020, resulting in increase to allowance for credit losses on loans of $12.8 million and higher provision for credit losses on loansFinancial results include $8.5 million impairment on commercial mortgage servicing rightsTotal deposits increased $106.4 million from the end of the prior quarter, or 9.4% annualized$263 million in Paycheck Protection Program loans approved through April 16, 2020EFFINGHAM, Ill., April 23, 2020 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income of $1.5 million, or $0.06 diluted earnings per share, for the first quarter of 2020, which was impacted by an $8.5 million impairment on commercial mortgage servicing rights (“MSR”) and...

DMC Global Repays Paycheck Protection Program Loan

Written by Customer Service on April 23, 2020. Posted in Public Companies.

BROOMFIELD, Colo., April 23, 2020 (GLOBE NEWSWIRE) — DMC Global Inc. (Nasdaq: BOOM) recently applied for a loan under the U.S. Government’s Paycheck Protection Program (PPP). The application was vetted by the Small Business Administration (SBA), and on April 14, 2020, a loan of $6.7 million was approved. DMC borrowed this money, as the PPP legislation intended, to provide its 306 U.S. employees with payroll and benefits protection as the Company’s primary energy market enters a sharp downturn and the global economy rapidly slows due to COVID-19, significantly reducing DMC’s revenues. DMC believes that at the time it borrowed the money, it fully complied with the language of the PPP legislation. While the PPP program allows for loans of up to $10 million for all companies with as many as 500 employees, subsequent guidance from...

Brink’s First-Quarter Earnings Release and Conference Call Scheduled for May 5

Written by Customer Service on April 23, 2020. Posted in Public Companies.

RICHMOND, Va., April 23, 2020 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO), the global leader in cash management, route-based secure logistics and payment solutions, will host a conference call on Tuesday, May 5, at 4:30 p.m. (ET) to review first-quarter financial results, which will be released at approximately 4:05 PM ET. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should call in at least five minutes prior to the start of the call. Participants can pre-register at http://dpregister.com/10138229 to receive a direct dial-in number for the call. The call also will be accessible via live webcast at https://services.choruscall.com/links/bco200429.html.A replay of the call will be available through June 5, 2020, at (877) 344-7529 (in the U.S.) or (412)...

Hub Group Announces Retirement of Terri Pizzuto as Chief Financial Officer and Appointments of Geoff DeMartino as Chief Financial Officer and Kevin Beth as Chief Accounting Officer

Written by Customer Service on April 23, 2020. Posted in Public Companies.

OAK BROOK, Ill., April 23, 2020 (GLOBE NEWSWIRE) — Hub Group (NASDAQ: HUBG) announced that Terri Pizzuto, Executive Vice President, Chief Financial Officer and Treasurer, has decided to retire effective June 30, 2020.Pizzuto joined Hub Group in 2002 and assumed her current role in 2007. During her tenure, she led the company’s finance and accounting functions, supporting the business as it grew from $1 billion in revenue to nearly $4 billion today. She has provided solid leadership as a key member of the executive team and has helped to distinguish Hub Group with the investment community. Pizzuto will remain an employee of the company until June 30, 2021 to assist with the transition of her duties.“On behalf of the Board of Directors and the management team, I want to thank Terri for her passion and dedication to Hub Group,” said...

MamaMancini’s Reports Record Fourth Quarter and Fiscal Year 2020 Financial Results

Written by Customer Service on April 23, 2020. Posted in Public Companies.

Q4 2020 Revenues Increase 48% to Record $10.1 Million; Drives Record Net Income of $0.4 MillionEAST RUTHERFORD, NJ, April 23, 2020 (GLOBE NEWSWIRE) — MamaMancini’s Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, has reported its financial results for the fourth quarter and fiscal year ended January 31, 2020.Financial Summary:Recent Highlights:Announced operational improvement initiatives in conjunction with a leading renowned industry consulting agency, 15/16 Group, to streamline and accelerate manufacturing operations in anticipation of future growth. As part of this initiative, the Company is creating a dashboard of Key Performance Indicators and installing the NetSuite application to improve operational controls and visibility of plant floor performance, which it...

Month: April 2020

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