Day: July 16, 2020

ROANOKE, VA, July 16, 2020 (GLOBE NEWSWIRE) — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2020 after the close of the stock market on Thursday, August 6, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the second-quarter earnings results.The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab “Investor Relations.” To participate by telephone, the domestic dial-in number is 844.578.9643...

VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) — Sanatana Resources Inc. (“Sanatana” or the “Company”) is pleased to announce that due to investor demand it has increased the size of its private placement previously announced on July 7, 2020.  Sanatana now proposes to issue up to (i) 11,500,000 units of the Company (the “Units”) and 7,083,333 flow-through units of the Company (the “FT Units”) for aggregate gross proceeds of up to $2,000,000 and priced at $0.10 per Unit and $0.12 per FT Unit. Each Unit will consist of one common share in the capital of Sanatana (a “Share”) and one half of a share purchase warrant (each whole warrant, a “Unit Warrant”).  Each FT Unit will consist of one Share which will be designated as a flow-through share (a “FT Share”) pursuant to the Income Tax Act (Canada) and one half of a share...

WOBURN, Mass., July 16, 2020 (GLOBE NEWSWIRE) — NeuroMetrix, Inc. (Nasdaq:NURO) announced today that it plans to issue its 2020 second quarter financial results before the opening of the market on Thursday, July 23, 2020. The Company will host a conference call at 8:00 a.m., Eastern Time on July 23, 2020 to discuss its financial results as well as business developments affecting the Company.The conference call may be accessed in the United States by dialing 844-787-0799 and using the confirmation code 4284442. Internationally, the conference call may be accessed by dialing 661-378-9630 and using the same confirmation code. The earnings press release and accompanying condensed financial statements will be accessible from the Company’s website at www.NeuroMetrix.com under the “Investor Relations” tab.A replay of...

Sanoma Corporation, Inside Information, 16 July 2020 at 22:20 EETSanoma divests its online classifieds business Oikotie to Schibsted for EUR 185 millionSanoma has divested Oikotie Ltd, a leading online classifieds player in Finland, to Schibsted, the leading player within marketplaces in the Nordics. The agreed enterprise value (EV) of Oikotie is EUR 185 million, corresponding to an EV/EBITDA multiple of 19.6 (based on 2019 pro forma EBITDA). The divestment concludes the evaluation of strategic options for Oikotie, which was announced on 11 February 2020. According to its strategy, Sanoma will use the funds primarily to further grow its learning business.“The divestment of Oikotie strengthens Sanoma’s strategic focus on Learning and the chosen core businesses of Media Finland: news & feature, entertainment and B2B marketing solutions....

Sanoma Oyj, sisäpiiritieto, 16.7.2020 klo 22.20Sanoma myy luokiteltujen ilmoitusten liiketoimintansa Oikotien Schibstedille 185 milj. eurollaSanoma on myynyt Oikotie Oy:n, Suomen johtavan luokiteltujen ilmoitusten toimijan Schibstedille, Pohjoismaiden johtavalle markkinapaikkoja tarjoavalle toimijalle. Oikotien sovittu kauppahinta ilman velkoja ja käteisvaroja (enterprise value) on 185 milj. euroa, joka vastaa arvostuskerrointa 19,6 suhteessa käyttökatteeseen (2019 pro forma käyttökate). Myyminen saattaa päätökseen Oikotien strategisten vaihtoehtojen arvioinnin, josta Sanoma tiedotti 11.2.2020. Strategiansa mukaisesti Sanoma tulee käyttämään kaupasta saadut varat pääasiassa oppimisliiketoimintansa kasvattamiseen.”Oikotien divestointi tukee Sanoman strategiaa, jonka mukaisesti keskitymme Learningiin sekä Media Finlandin valittuihin ydinliiketoimintoihin:...

Schibsted and Sanoma have reached an agreement where Schibsted acquires 100% of Oikotie, a Finnish multi-vertical online marketplace, from Sanoma. Schibsted has been the owner of Tori.fi for over a decade, and through the acquisition of Oikotie, Schibsted aims to expand its presence in the Finnish online marketplaces segment with a focus on growth and ambitious innovation.The agreement values Oikotie at EUR 185 million on an enterprise value basis. This implies an EBITDA multiple based on pro-forma earnings in 2019 of approximately 19.6x. Pro-forma 2019, Oikotie had revenues of EUR 27.6 million (2018: EUR 26.3 million) and an EBITDA margin of 34% (2018: 32%). Pro-forma Q1 2020, which was affected by COVID-19, operating revenues were EUR 7.2 million (Q1 2019: EUR 7.8 million), EBITDA margin was 33% (Q1 2019: 38%).Together, Tori and Oikotie...

Burr Ridge, July 16, 2020CNH Industrial (NYSE: CNHI /MI: CNHI) announced the winners of the 2020 Sergio Marchionne Student Achievement Awards for North America.The annual Student Achievement Awards Program recognizes children of CNH Industrial’s employees for their academic excellence, involvement in extracurricular activities and community service. The program highlights the Company’s commitment to promoting education, investing into talent, and giving back to the community. Started in 1996, it is open to students who have graduated in the previous year with a high school diploma, an associate’s degree or a bachelor’s degree, and is offered in all countries where CNH Industrial has a significant presence. Since its inception, monetary awards have been granted to more than 40,000 students worldwide.The award presentation for the winning...