Month: April 2020

WAKE FOREST, N.C., April 28, 2020 (GLOBE NEWSWIRE) — Wake Forest Bancshares, Inc., (OTC BB: WAKE) parent company of Wake Forest Federal Savings and Loan Association, announced today that the Company reported earnings of $297,069 or $0.27 per share for its quarter ended March 31, 2020.  The Company reported earnings of $381,861 or $0.34 per share for the same quarter a year earlier.  Earnings for the first six months of the Company’s fiscal year were reported at $647,747 or $0.59 per share versus $802,745 or $0.72 per share for the same six month period a year earlier. In announcing the earnings, Renee H. Shaw, President and Chief Executive Officer, stated that although the Company’s quarterly results were in line with expectations, earnings were adversely impacted by Federal Reserve rate movements over the past nine months and specifically...

VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) — Fortress Technologies Inc. (“Fortress” or the “Company”) (TSXV: FORT), a well-capitalized company currently evaluating emerging opportunities in technology sectors, today announced that due to logistics and delays caused by the COVID-19 pandemic, the Company is relying on the British Columbia Securities Commission’s (the “Commission”) blanket order BCI 51-515 to postpone the filing of its annual financial statements and management’s discussion and analysis (collectively, the “Annual Filings”) for the year ended December 31, 2019.In response to the COVID-19 pandemic, the Commission and other securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings that were otherwise due during...

TYLER, Texas, April 28, 2020 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (the “Company”) (NASDAQ: SBSI), the holding company of Southside Bank (the “Bank”), has announced the promotion of Jared Green to Regional President of the East Texas market, upon the retirement of H.J. “Jay” Shands, lll, on April 30, 2020.Joining Southside in 2013, Green is an established commercial lender with more than 16 years of banking experience and most recently served as Executive Vice President, Commercial Lending for East Texas.  In his new role, Green will lead the Bank’s East and Southeast Texas commercial lending teams with a focus on building strong, lasting customer relationships and growing the Bank’s commercial loan portfolio.“We are very proud to announce Jared’s promotion to this key role,” said Lee R. Gibson, President and Chief Executive...

Financial HighlightsBusiness HighlightsSSD controller sales declined about 15% Q/Q and increased about 40% Y/YeMMC+UFS controller sales declined about 20% Q/Q and increased over 100% Y/YSSD solutions sales increased about 15% Q/Q and increased about 70% Y/YTAIPEI, Taiwan and MILPITAS, Calif., April 29, 2020 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended March 31, 2020.  For the first quarter, net sales (GAAP) declined sequentially to $132.8 million from $153.2 million in fourth quarter 2019. Net income (GAAP) increased to $25.9 million or $0.74 per diluted ADS (GAAP) from net income (GAAP) of $25.4 million or $0.73 per diluted ADS (GAAP) in fourth quarter 2019.For the first quarter, net income (non-GAAP) declined...

GUELPH, Ontario, April 28, 2020 (GLOBE NEWSWIRE) — Current Water Technologies Inc. (TSX-V: WATR) (“CWTI” or “the Company”) announces that it will not be in a position to file its audited annual financial statements for the fiscal year ended December 31, 2019 and the related management’s discussion and analysis, as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations (collectively, the “Annual Filings”) by the filing deadline of April 29, 2020.According to the Ontario Instrument 51-502: Temporary Exemption from Certain Corporate Finance Requirements, during the period from March 23, 2020 to ‎June 1, 2020, a person or ‎company required to make certain filings as described in the Ontario Instrument has an additional 45 ‎days from the deadline otherwise applicable ‎under Ontario securities laws...

TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — CF Energy Corp., (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy provider in the People’s Republic of China (the ”PRC” or “China”), is pleased to announce today its consolidated financial results for the year ended December 31, 2019.Results for the Year Ended December 31, 2019RevenueRevenue from continuing operations in 2019 was RMB438.0 million (approx. CAD84.2 million), an increase of RMB37.5 million (approx. CAD5.7 million), or 9%, from RMB400.5 million (approx. CAD78.5 million) in 2018.Gross profit and marginGross profit in 2019 was RMB174.7 million (approx. CAD33.6 million), an increase of RMB9.7 million (CAD1.3 million) or 6% from RMB165.0 million (approx. CAD32.3 million) in 2018. Gross profit margin for 2019 was 39.9%, a decrease...

QUÉBEC CITY, April 28, 2020 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” or “the Company“) (TSXV: RBX/FWB: RB4) is pleased to publish their financial results for the year ending December 31, 2019 and their production results for the first quarter of 2020.All amounts are in Canadian dollars (CAD).Highlights for the year 2019:24% INCREASE IN GOLD PRODUCTION This progression is the result of continuous efforts to optimize the Nampala plant, which have increased the quantity of processed ore (1,909,663 tonnes vs 1,795,591 tonnes in 2018) and improved the average recovery rate (87.5% vs 85.6% in 2018). The higher average grade of processed ore (1.04 gpt compared to 0.94 gpt in 2018) is another factor that contributed to improving annual production performance in 2019 (55,685 ounces of gold compared to 44,946 ounces...

QUÉBEC, 28 avr. 2020 (GLOBE NEWSWIRE) — Ressources Robex Inc. (« Robex » ou « la Société ») (TSXV : RBX/FWB : RB4) est heureuse de publier ses résultats financiers pour l’exercice terminé le 31 décembre 2019 et ses résultats de production pour le premier trimestre de 2020.Tous les montants sont présentés en dollars canadiens (CAD).Faits saillants des résultats pour l’année 2019 :AUGMENTATION DE LA PRODUCTION D’OR DE 24 %Cette progression est le résultat des efforts continus d’optimisation de l’usine de Nampala, qui ont eu pour conséquence d’augmenter le volume de minerai traité (1 909 663 tonnes vs 1 795 591 tonnes en 2018) et d’améliorer la moyenne du taux de récupération (87,5 % vs 85,6 % en 2018). La teneur moyenne du minerai traité plus élevée (1,04 g/t comparativement à 0,94 g/t en 2018) est un autre facteur qui a contribué...

LONDON, Ontario, April 28, 2020 (GLOBE NEWSWIRE) — Pearl River Holdings Limited (the “Corporation” or “Pearl River”) (TSXV: PRH) announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption ‎provided in Ontario Instrument 51-502 – Temporary Exemption from Certain Corporate Finance ‎‎Requirements (the “Ontario Instrument”)‎ of the Ontario Securities Commission (and similar exemptions ‎provided by the securities commissions in British Columbia and Alberta to postpone the filing of the ‎following continuous disclosure documents (collectively the “Documents”):the Corporation’s Annual Audited Financial Statements for the year ended December ‎‎31, 2019, as required by section 4.2 of National Instrument 51-102 – Continuous Disclosure ‎Obligations (“NI 51-102”);‎ andthe Corporation’s...

MONTERREY, Mexico, April 28, 2020 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (SEC) and its annual report, for the same period, with the Comisión Nacional Bancaria y de Valores (Mexican Banking and Securities Commission) and the Bolsa Mexicana de Valores (Mexican Stock Exchange).These reports are available on FEMSA’s investor relations website at http://ir.femsa.com.Shareholders may receive a hard copy of the report, which includes FEMSA’s audited financial statements, free of charge through the contact listed below.About FEMSAFEMSA creates economic and social value through companies and institutions and strives to be...