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Day: July 16, 2020

Forterra Announces Closing of $500 Million Senior Secured Notes Offering

IRVING, Texas, July 16, 2020 (GLOBE NEWSWIRE) — Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) today announced the closing of the previously announced offering by Forterra Finance, LLC and FRTA Finance Corp., each a wholly owned subsidiary of the Company, of $500.0 million aggregate principal amount of senior secured notes due 2025 (the “Notes”). The Notes have a fixed annual interest rate of 6.50%, which will be paid semi-annually on January 15 and July 15 of each year.  Obligations under the Notes are guaranteed by the Company and the Company’s existing and future subsidiaries (other than the issuers) that guarantee the Company’s senior secured term loan facility (the “Term Loan Facility”) and the obligations of the U.S. borrowers under the Company’s senior secured asset-based revolving credit facility (the “ABL Facility”)....

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ChannelAdvisor to Announce Second Quarter 2020 Financial Results on August 6, 2020

RESEARCH TRIANGLE PARK, N.C., July 16, 2020 (GLOBE NEWSWIRE) — ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions, today announced it will release its second quarter 2020 financial results for the period ending June 30, 2020 before 8:00 a.m. ET on Thursday, August 6, 2020.  On that day, management will hold a conference call and webcast at 8:00 a.m. ET to review and discuss the results for the period.  A recorded version of this webcast will be available after the call and accessible at http://ir.channeladvisor.com.About ChannelAdvisorChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce.  For nearly two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding...

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The All-New 2021 Wakesetter 23 LSV

LOUDON, Tenn., July 16, 2020 (GLOBE NEWSWIRE) — Malibu Boats™, the global leader in towboat sales, has announced the release of its all-new Wakesetter 23 LSV. The legendary 23 LSV is the best-selling towboat of all time because it undeniably delivers on everything a family needs for a memory-making day on the water in a size class that perfectly balances performance, space and agility—all in a sleek traditional bow form that effortlessly cuts through chop in rough water. For 2021, the iconic 23 LSV is new and better than ever with some significant changes you will immediately appreciate. New design features like a transom walk-over, completely reconfigured interior, inspired billet accents, a custom-tuned Wet Sounds sound system, and double the hull graphic color options for more customization than ever before.“The 2021 23 LSV’s...

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Silvercorp Reports Production Results and the Financial Results Release Date for the First Quarter of Fiscal Year 2021

VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports production results for the first quarter of Fiscal 2021 ended June 30, 2020 (“Q1 Fiscal 2021”).  The Company produced approximately 1.8 million ounces of silver, 20.1 million pounds of lead, and 7.5 million pounds of zinc.  The Company is on track to produce between 6.2 – 6.5 million ounces of silver, 66.1 – 68.5 million pounds of lead, and 24.5 – 26.7 million pounds of zinc in Fiscal 2021, in accordance with the annual production guidance previously reported in the Company’s news release dated February 6, 2020.  The Company will report its sales volumes along with its unaudited financial and operating results for Q1 Fiscal 2021, expected to be released on Thursday, August 6, 2020...

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Omega Flex, Inc. Announces Second Quarter Earnings

EXTON, Pa., July 16, 2020 (GLOBE NEWSWIRE) — Omega Flex today reported its results of operations for the Second Quarter, 2020:Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first six months of 2020 and 2019 were $47,084,000 and $53,597,000, respectively, decreasing $6,513,000 or 12.2%.  Net Sales for the three months ended June 30, 2020 were 18.6% lower than the second quarter of 2019.   The Company’s Net Income through June 2020 was $7,915,000 compared to $8,365,000 through the first six months of 2019, decreasing $450,000 or 5.4%.  Income for the second quarter of 2020 was 10.3% lower than 2019. With regards to the second quarter of 2020, the Company experienced a noticeable deterioration in its sales volume during April as non-essential businesses were closed, most notably residential construction...

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Mettler-Toledo International Inc. to Host Second Quarter 2020 Earnings Conference Call

Columbus, OH, July 16, 2020 (GLOBE NEWSWIRE) — Mettler-Toledo International Inc. (NYSE:MTD) today announced it will host a conference call to discuss the Company’s quarterly results on Thursday, July 30, 2020 at 5:00 p.m. Eastern Time. To hear a live webcast of the call, visit www.mt.com/investors on the Company’s website. A replay of the webcast will be available until August 3, 2020.        METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food,...

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BRP Group, Inc. Enters Into Agreement to Acquire Medicare Insurance Advisors, Inc.

TAMPA, Fla., July 16, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that BRP Medicare Insurance III, LLC, a subsidiary of BRP Group operating as Guided Medicare Solutions (“Guided”), has entered into an agreement to acquire substantially all assets of Medicare Insurance Advisors, Inc., a Knoxville, Tennessee-based independent Field Marketing Organization for Medicare insurance solutions.  Medicare Insurance Advisors generated annual revenues of approximately $1.2 million. The Partnership is expected to close August 1, 2020, subject to certain closing conditions.Medicare Insurance Advisors differentiates itself by taking an educational approach relative to its various Medicare...

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BRP Group, Inc. Announces Agreement to Acquire Fletcher Financial Group, Inc.

TAMPA, Fla., July 16, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that BRP Medicare Insurance III, LLC, a subsidiary of BRP Group operating as Guided Medicare Solutions (“Guided”), has entered into a definitive agreement to acquire substantially all assets of Fletcher Financial Group, Inc. (“Fletcher Financial”), a Spokane, Washington-based independent Field Marketing Organization that provides expertise, information and access to senior health products for individual and group clients.  The Partnership is expected to close August 1, 2020, subject to certain closing conditions.Fletcher Financial works closely with AgencyRM, a BRP Group Partnership, and generated annual revenues...

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South Plains Financial, Inc. Declares Regular Quarterly Cash Dividend

LUBBOCK, Texas, July 16, 2020 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.03 per share of common stock, payable on August 10, 2020, to shareholders of record as of the close of business on July 27, 2020.  The amount and timing of any future dividend payments to the Company’s shareholders will be subject to the discretion of the Company’s Board of Directors.About South Plains Financial, Inc.South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas.  City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the...

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Aehr Test Systems Reports Fiscal 2020 Fourth Quarter and Full Year Results and Provides Financial Guidance for Growth and Profitability in Fiscal 2021

FREMONT, Calif., July 16, 2020 (GLOBE NEWSWIRE) — Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today announced financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020.Fiscal Fourth Quarter Financial Results:Net sales were $3.8 million, compared to $7.2 million in the fourth quarter of fiscal 2019.GAAP net loss was $2.9 million, or $0.13 per diluted share, and includes approximately $1.9 million in charges, or $0.08 per share, consisting of a $1.6 million adjustment for excess and obsolete inventory and a $220,000 adjustment related to workforce reductions in the Company’s German and Japan subsidiaries as part of the Company’s cost reduction initiatives announced during its third quarter conference call. This compares to GAAP net...

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