Month: May 2020

SANTA MONICA, Calif., May 21, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today the continuation of financial payment relief for its dealer customers through June. In states where its pay-per-sale or performance-based billing arrangements are not currently available, the company will automatically reduce subscription invoices by 25%. This June discount follows the previously announced 50% reductions to those dealers’ April and May invoices.“The automotive sector is on the path toward recovery,” said Mike Darrow, President and Chief Executive Officer of TrueCar. “While ALG is projecting U.S. retail new vehicle sales to be down 21% and 20% in May and June, respectively, these figures are outperforming initial estimates and other markets globally.”Darrow...

SPRINGDALE, Ark., May 21, 2020 (GLOBE NEWSWIRE) — David J. Bronczek, 65, has been appointed to the board of directors of Tyson Foods (NYSE: TSN), company officials announced today.  Bronczek is the recently retired president and chief operating officer of FedEx Corporation, the global logistics and transportation company. He was part of FedEx for more than 40 years, starting as a courier and progressing into the company’s management ranks. His roles included leading FedEx Express in Canada, Europe, the Middle East and Africa, and later serving for 17 years as president and CEO of FedEx Express.A native of Ohio and graduate of Kent State University, Bronczek also has experience as an independent public company director, previously serving on the board of International Paper. He also previously served as United Way Mid-South Board...

DENVER, May 21, 2020 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services, will hold a conference call on Friday, May 29, 2020, at 12:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2019. The Company will report its financial results in a press release prior to the conference call.Assure’s executive chairman and CEO John Farlinger, CFO Trent Carman and Founder Preston Parsons will host the conference call, followed by a question and answer period.Pursuant to Assure’s news release dated April 24, 2020, the Company has relied on the blanket relief granted by the Canadian Securities Administrators and the U.S. Securities and Exchange Commission, which gave all market participants...

CEO, CTO to Discuss Company’s Manufacturing and CMC Strategy and Overall Industry TrendsNEW YORK, May 21, 2020 (GLOBE NEWSWIRE) — Prevail Therapeutics Inc. (Nasdaq: PRVL), a biotechnology company developing potentially disease-modifying AAV-based gene therapies for patients with neurodegenerative diseases, today announced that Asa Abeliovich, M.D., Ph.D., Founder and Chief Executive Officer of Prevail, and Yong Dai, Ph.D., Chief Technology Officer of Prevail will participate in a virtual fireside chat at the Chardan 4th Annual Genetic Medicines Manufacturing Summit on Tuesday, May 26, 2020.About Prevail TherapeuticsPrevail is a gene therapy company leveraging breakthroughs in human genetics with the goal of developing and commercializing disease-modifying AAV-based gene therapies for patients with neurodegenerative diseases. The...

MOLINE, Ill., May 21, 2020 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of four Class III directors on May 20, 2020 at the Company’s annual meeting of its stockholders.Three of the directors, James M. Field, Timothy B. O’Reilly and Marie Z. Ziegler, were re-elected to three-year terms. Elizabeth “Libby” S. Jacobs, President of The Jacobs Group, LLC, a Des Moines-based consulting firm specializing in the energy and regulated utilities industries, was also elected as a new independent director to the Company.“Libby is a proven leader with a diverse business, community relations and public policy background, and she brings a wealth of knowledge and perspective to our board,” said Larry Helling, CEO of QCR Holdings. “In addition to founding and running her own consultancy, we have great confidence...

DALLAS, May 21, 2020 (GLOBE NEWSWIRE) — P10 Holdings, Inc. (OTC: PIOE, or “P10”) today announced that its Board of Directors has re-adopted and P10 has entered into a Rights Agreement (the “Rights Agreement”) with American Stock Transfer & Trust Company, LLC, as rights agent, designed to preserve the value of P10’s significant U.S. net operating loss carryforwards (“NOLs”) and other tax benefits. The Rights Agreement is effective immediately pursuant to its terms and replaces P10’s prior rights agreement designed to preserve the value of its NOLs. P10 also has a provision in its Restated Certificate of Incorporation (the “Charter Provision”) which generally prohibits transfers of its common stock that could result in a person or group acquiring 4.99% or more of the outstanding shares of P10’s common stock without the Board’s...

TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE: DLS) announced today that it has executed a binding commitment letter for a $6.25 million, 12-month term loan with a Schedule 1 Bank in partnership with the Export Development Corporation. This loan bears interest at bank’s prime rate + 4%, with an annual guarantee fee of 1.8% and is secured by a first ranking general security agreement over EcoHome. The Company can request a 12-month extension which can be granted at the discretion of the Bank.“This term loan enhances Dealnet’s financial position and positions the Company for future origination growth and value creation once the current health and financial crisis show signs of easing,” said Brent Houlden, Dealnet’s Chief Executive Officer. “I am pleased that despite...