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Day: July 17, 2020

Fountain Asset Corp. Announces Grant of Stock Options

TORONTO, July 17, 2020 (GLOBE NEWSWIRE) — Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) wishes to announce that the board of directors of the Company has approved the granting of 1,275,000 incentive stock options (the “Options”) pursuant to the Company’s stock option plan to certain directors and officers of the company subject to TSXV approval.  The Options are exercisable at a price of $0.145 per share and expire on July 16, 2025. About Fountain Asset Corp.Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology.Neither TSX Venture Exchange Inc....

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Albertsons Companies Introduces 13 New Ice Cream Varieties, Plant-Based Frozen Desserts, and Sorbets from Open Nature and Signature Select Brands

BOISE, Idaho, July 17, 2020 (GLOBE NEWSWIRE) — Albertsons Companies (NYSE: ACI) introduces 13 new Own Brands items in the ice cream aisle with something for every palate and occasion.“We’re passionate about innovating based on shoppers’ needs, desires and the latest consumer trends. With these new items, we delivered something to surprise and delight every customer,” said Chad Coester, Senior Vice President of Own Brands. “Our new ice creams and frozen desserts give a spoonful of satisfaction and excitement with each bite. And we can all use a little fun.”In stores now in time for National Ice Cream Day on July 19, the new offerings include Signature Select™ Unicorn Cotton Candy Ice Cream, a vibrant, exciting carnival in a bowl. This ice cream is all about fun. Pink and blue, fluffy and creamy, with sprinkles and the flavor of fresh-made...

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Bassett Outlines Outdoor Strategy

BASSETT, Va., July 17, 2020 (GLOBE NEWSWIRE) — Over the past 30 months, Bassett Furniture Industries, Inc. (NASDAQ-BSET) has made a significant commitment to the vibrant outdoor furniture category.  With annual growth rates expected to be 4% to 5% compounded annually through 2023, the outdoor furniture market is estimated to be $5 billion in the United States.   “Beginning with the acquisition of Lane Venture in December 2017, we have invested in manufacturing infrastructure and industry talent to generate sales growth through this growing channel that is designed to capitalize on the migration of the U.S. population to the Sunbelt and the increasing casualization of today’s residential lifestyles and architecture,” said Rob Spilman, Chairman and CEO.  “Our platform of efficient domestic manufacturing and adjacent warehousing enables...

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Bank of Commerce Holdings Announces Results for the Second Quarter of 2020

SACRAMENTO, Calif., July 17, 2020 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.712 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced financial results for the quarter and six months ended June 30, 2020. Net income for the quarter ended June 30, 2020 was $3.8 million or $0.23 per share – diluted, compared with net income of $3.6 million or $0.20 per share – diluted for the same period of 2019.  Net income for the six months ended June 30, 2020 was $4.8 million or $0.28 per share – diluted, compared with net income of $6.0 million or $0.33 per share – diluted for the same period of 2019.Significant Items for the second quarter of 2020:$1.3 million provision for loan and lease losses.$162.2 million in loans funded through June 30, 2020...

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SINTX Technologies Announces Pricing of $3.0 Million Registered Direct Offering Priced At-The-Market

SALT LAKE CITY, UT, July 17, 2020 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer (OEM) ceramics company focused on silicon nitride and its applications, today announced that it has entered into a share purchase agreement with several institutional investors for the issuance and sale of 1,500,000 shares of its common stock at a price of $2.00 per share, for aggregate gross proceeds of approximately $3.0 million, in a registered direct offering priced at-the-market under Nasdaq rules.Maxim Group LLC is acting as the sole placement agent for the offering.The offering is expected to close on or about July 21, 2020, subject to the satisfaction of customary closing conditions.The shares of common stock are being offered pursuant to a shelf registration statement...

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Former Chief of Strategic Prioritization at the Pentagon Dave Harden Joins KULR Technology Group’s Advisory Board

CAMPBELL, Calif., July 17, 2020 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of thermal management technologies for batteries and electronics, announced today its strategic partnership with Virginia based dual use technology advisors, The Outpost.  In addition, the company added The Outpost’s CEO, Dave Harden, to KULR’s advisory board. The Outpost is a post-accelerator advisory and technology accelerator firm that specializes in helping companies “hop the valley of death” and advancing next generation technology companies into relationships within both the commercial and national security verticals.Michael Mo, CEO of KULR Technology, stated, “The Outpost recognizes the fit between KULR’s advanced thermal management capabilities and the needs of the defense...

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Acme United Reports 9% Sales Increase and 20% Net Income Increase for Second Quarter of 2020

FAIRFIELD, Conn., July 17, 2020 (GLOBE NEWSWIRE) — Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended June 30, 2020 were $44.0 million compared to $40.2 million in the second quarter of 2019, an increase of 9%. Net sales for the six months ended June 30, 2020 were $79.8 million, compared to $71.6 million in the same period in 2019, an increase of 11%.Acme United’s second quarter and six months ended June 30, 2020 revenues included approximately $1.1 million and $2.1 million, respectively, from the sales of First Aid Central products.  The Company acquired the assets of Canadian-based First Aid Central, Inc. on January 7, 2020.Net income was $3,199,000 or $0.92 per diluted share for the quarter ended June 30, 2020 compared to $2,672,000, or $0.77 per diluted share, for the comparable period...

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Anconia Resources Corp. and Avalon Investment Holdings Ltd. Announce Update Regarding Proposed Business Combination

TORONTO, July 17, 2020 (GLOBE NEWSWIRE) — Anconia Resources Corp. (TSXV:ARA) (the “Company“) is pleased to announce material updates in connection with a proposed reverse take-over of Avalon Investment Holdings Ltd. (“Avalon”) (the “Proposed Transaction“) subject to approval of the TSX Venture Exchange (the “Exchange“) to list the shares of the resulting entity (the “Resulting Issuer”) on the Exchange. The Resulting Issuer will continue to carry on base and precious metals exploration and development, focused primarily on the exploration of Avalon’s Omai Gold Mine project in Guyana.Proposed TransactionThe Company and Avalon have entered into an acquisition agreement (the “Definitive Agreement“) dated October 9, 2019.The Proposed Transaction will be carried out by way of...

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