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Day: June 29, 2020

Millennials stand out as being more cautious about their personal finances during COVID-19

TORONTO, June 29, 2020 (GLOBE NEWSWIRE) — Equifax Canada analytic data and a recent consumer survey* indicates that younger adults (18-34) stand out as being more cautious and concerned about their financial future in the face of the COVID-19 economic crisis.Equifax data analytics confirms that, with reduced opportunity for discretionary spending, younger adults have seen a higher rate of decline in credit card balances since January at 16 per cent as compared to under 12.6 per cent for those adults 35 and older. Analysis also confirms that payment deferrals are being used more frequently in younger groups with Under-24 and those 25-34 having 6.73 per cent and 6.69 per cent accounts deferred respectively. This contrasts with 5.2 per cent for the 45-54 cohort.    To better understand consumers today and for the future as the economy...

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La pandémie de COVID-19 incite les milléniaux à davantage de prudence dans la gestion de leurs finances personnelles

TORONTO, 29 juin 2020 (GLOBE NEWSWIRE) — Les données analytiques d’Equifax Canada et un récent sondage auprès des consommateurs* indiquent que les jeunes adultes (18-34 ans) se montrent prudents et préoccupés par leur avenir financier dans le contexte de la crise économique causée par la pandémie de COVID-19.L’analyse des données d’Equifax confirme qu’en raison des possibilités de dépenses discrétionnaires réduites, les jeunes adultes ont vu leur solde de carte de crédit diminuer de 16 % depuis janvier, comparativement à moins de 12,6 % chez les adultes de 35 ans et plus. Le recours aux reports de paiement est aussi plus fréquent chez les jeunes consommateurs (6,73 % des 24 ans et moins et 6,69 % des 25 à 34 ans tirent parti de cette mesure d’aide). Par comparaison, le taux de report est de 5,2 % chez les 45 à 54 ans.    Pour mieux...

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CytoDyn and NIH of Mexico Complete Memorandum of Understanding to Conduct Small Covid-19 Phase 3 Trial for Severe and Critically Ill Patients

VANCOUVER, Washington, June 29, 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, announced today the Company and the Coordinating Commission of the National Institutes of Health and High Specialty Hospitals of Mexico (NIH) have entered into a Memorandum of Understanding (MOU) to conduct a COVID-19 clinical trial with leronlimab for severe and critically ill patients, with the potential to collaborate on additional COVID-19 trials. The NIH of Mexico is an organization that coordinates the main institutions of medical care and public research in the country. The MOU provides CytoDyn will supply leronlimab at its expense to the NIH and both parties are...

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SEACOR Marine Announces Agreement on Tax Refunds

HOUSTON, June 29, 2020 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced that SEACOR Marine expects to receive a net amount of approximately $28.2 million of cash from tax refunds as a result of its ability to carryback net operating losses under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Approximately $23.7 million of the CARES Act tax refunds are expected to be received within the next nine months, subject to the filing of the necessary tax refund claims and the refund schedule of the Internal Revenue Service.On June 26, 2020, SEACOR Marine entered into a Tax Refund and Indemnification Agreement, with its...

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Party City Announces Private Exchange Offers and Consent Solicitations Relating to Existing 6.125% Senior Notes due 2023 and 6.625% Senior Notes due 2026 and Committed Private Rights Offering as Part of Refinancing Transactions

ELMSFORD, N.Y., June 29, 2020 (GLOBE NEWSWIRE) — Party City Holdco Inc. (the “Company” or “Holdco”) today announced the commencement of offers to exchange (the “Exchange Offers”) any and all of the outstanding $350,000,000 aggregate principal amount of existing unsecured 6.125% Senior Notes due 2023 (the “2023 Notes”) and $500,000,000 aggregate principal amount of existing unsecured 6.625% Senior Notes due 2026 (the “2026 Notes” and, together with the 2023 Notes, the “Existing Notes”) issued by its wholly-owned subsidiary Party City Holdings, Inc. (“Holdings”) for: (i) shares of common stock of the Company, par value $0.01 per share (the “Common Stock”), representing up to 19.90% of the outstanding Common Stock at the Expiration Time, as defined below, (the “Exchange Shares”); (ii) 5.00% Cash/PIK / 5.00% PIK Senior Secured Second...

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KRONOS ADVANCED TECHNOLOGIES INC (TICKER: KNOS) IS NOW TAKING PRE-ORDERS FOR KRONOS® AIR 5G® AIR PURIFIERS

Los Angeles, CA, June 29, 2020 (GLOBE NEWSWIRE) — Los Angeles, CA, June 29, 2020 (GLOBE NEWSWIRE) – KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) (“KNOS” or the “Company”), a product development and production company that has significantly changed the way air is moved, filtered, and sterilized, today announced that the Company is now taking pre-orders for its next-generation smart air disinfection active technology purifiers, KRONOS® AIR 5G® model 5 (also marketed as AIRDOG X5 ™).This product line takes air purification to an entirely new level since it not only purifies by collecting and storing pollutants but in fact it kills the worst infectious viruses and bacteria with powerful output and speed, using intelligent laser air quality sensors and other innovative features. Utilizing the world’s...

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Protokollat ekstraordinær generalforsamling Odico A/S

MÅ IKKE OFFENTLIGGØRES, DISTRIBUERES ELLER UDLEVERES HELT ELLER DELVIST,DIREKTE ELLER INDIREKTE, I ELLER TIL USA, AUSTRALIEN, CANADA ELLER JAPANDen 29. juni 2020 afholdtes ekstraordinær generalforsamling i Odico A/S, CVR-nr. 32306497 på selskabets adresse, Oslogade 1, 5000 Odense C.Dagsordenen var:Ændring af bemyndigelsen i vedtægternes § 3C.1 således at den udvides til nom. kr. 250.000 aktier og til at omfatte udbud af aktier mod gældskonvertering eller apportindskudNy bemyndigelse til bestyrelsen til at udvide selskabets aktiekapital med op til nom. kr. 250.000 (svarende til 5.000.000 nye aktier a nom. DKK 0,05) med fortegningsret for selskabets aktionærer til en kurs, der kan være lavere end markedskursenNy bemyndigelse til bestyrelsen til at udvide selskabets aktiekapital med op til nom. kr. 250.000 (svarende til 5.000.000 nye aktier...

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SeaBird Exploration Plc: General update

Seabird Exploration Plc (“The Company”) has been awarded an OBN source contract in the North Sea with mobilization in July. It is a short duration contract where the Company will use the Eagle Explorer. The next planned work for the Eagle Explorer is a source job in South America announced on 20 April. The Company has been informed that mobilization for this survey will be delayed to Q4 due to COVID-19.As part of the asset-light strategy and renewal process, the Company has decided to sell the Harrier Explorer for recycling. The sale is expected to be completed in early Q3 and will have a small positive cash effect.Further to the notices dated 18 February and 15 June 2020, the Company has now completed the refinancing of the SBX04 bond loan with a bank mortgage facility.SeaBird is a global provider of marine acquisition of...

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Sidetrade introduit la gamification au cœur des impayés pour accélérer la reprise post-confinement

 Sidetrade, plateforme d’Intelligence Artificielle dédiée à l’accélération du revenu et du cash-flow des entreprises, présente CashTarget, une nouvelle fonctionnalité qui transpose les mécaniques du jeu au domaine du recouvrement de factures. Avec CashTarget, la collecte du cash acquiert une dimension ludique inédite !  Sidetrade a lancé aujourd’hui de CashTarget, nouvelle fonctionnalité qui utilise la gamification pour aider les entreprises à reprendre en main leur trésorerie via le levier des délais de paiement. Alors que l’activité redémarre avec le déconfinement, la ruée vers les liquidités s’intensifie. Les revenus s’avérant moins prévisibles et les leviers de soutien des gouvernements compensant temporairement la demande, les entreprises doivent se concentrer sur le crédit inter-entreprises, matérialisé par les factures impayées.Rob...

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Sidetrade’s CashTarget brings gamification to the dash for cash, post-lockdown

Sidetrade, the Artificial Intelligence platform dedicated to accelerating company revenue and cashflow, is thrilled to unveil CashTarget, a new feature using gamification for businesses who are reviewing and restarting their treasury performance. With CashTarget, collecting cash will never be boring! Sidetrade has today launched a new feature called CashTarget, which uses gamification for businesses who are restarting treasury performance.As businesses emerge from pandemic lockdown, the dash for cash will intensify. With revenue proving unpredictable and loans running out, the focus needs to turn to accounts receivable – invoices which remain unpaid. Rob Harvey, global director of solutions consulting at Sidetrade, said:“ ‘Cash is king’ is truer than ever. For business leaders, it is crucial to create a much stronger cash culture, where...

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