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Day: July 22, 2020

Global Technology Industry Shows Signs of Resiliency Amid COVID-19 Pandemic, According to Findings of New Stifel Survey

ST. LOUIS, July 22, 2020 (GLOBE NEWSWIRE) — A new Stifel Financial Corp. (NYSE: SF) survey of global technology executives and entrepreneurs finds that even though the business and economic impacts of COVID-19 are expected to linger, most respondents believe the worst is behind us.While a majority (60%) of survey respondents expect to feel some impact from COVID-19 for another six months or longer, more than half (53%) believe the worst is already over. Only 23% anticipate ending the year significantly under budget. In fact, roughly one-fifth (19%) now forecast better-than-expected financial performance.According to the survey, only 7% foresee a sharp, prolonged “L-shaped” recovery, which is a worst-case economic scenario. 60% of respondents anticipate a more moderate “U-shaped” recovery. Expectations among the rest are split between...

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Claren Energy Announces Non-Brokered Private Placement

TORONTO, July 22, 2020 (GLOBE NEWSWIRE) — Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) is pleased to announce a non-brokered private placement of up to 24,000,000 common shares of the Company (the “Shares”) at a price of CAD $0.05 per share for gross proceeds of up to CAD $1,200,000 (the “Private Placement”).All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. Claren intends to use the proceeds from the Private Placement for general working capital purposes and to repay corporate indebtedness. Certain insiders of the Company may acquire shares under the Private Placement, and closing...

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Norwood Financial Corp Announces Second Quarter Earnings

HONESDALE, Pa., July 22, 2020 (GLOBE NEWSWIRE) — Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2020 of $1,488,000, which was $2,034,000 lower than the similar period of last year due to increased loan loss provisions and $1,597,000 of expenses related to the acquisition of UpState New York Bancorp, Inc. (“UpState”) which closed on July 7, 2020.  Earnings per share (fully diluted) were $0.24 in the 2020 compared to $0.56 in the same period of last year.  Annualized return on average assets for the three months ended June 30, 2020 was 0.45% with an annualized return on average equity of 4.17%.  Net income for the six months ended June 30, 2020 totaled $4,567,000, which is $2,145,000...

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DASAN Zhone Solutions Sets Second Quarter 2020 Earnings Call for Wednesday, August 5, 2020 at 5:00 p.m. ET

ALAMEDA, Calif., July 22, 2020 (GLOBE NEWSWIRE) — DASAN Zhone Solutions, Inc. (NASDAQ: DZSI or the “Company” or “DZS”), a leading enabler of the emerging hyper-connected, hyper-broadband world, will hold a conference call on Wednesday, August 5, 2020 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2020. Financial results will be issued in a press release prior to the call.DZS management will host the conference call, followed by a question and answer period.Date: Wednesday, August 5, 2020Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)U.S. dial-in number: 877-742-9182International number: 602-563-8857Conference ID: 5666023Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have...

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Middlefield Banc Corp. Reports 2020 First Half Financial Results

MIDDLEFIELD, Ohio, July 22, 2020 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2020 first half and second quarter ended June 30, 2020.2020 First Half Financial Highlights versus 2019 First Half (unless noted):Net interest income up 1.3% to $20.8 millionNoninterest income increased 5.7% to $2.6 millionNet income totaled $4.0 million and included a $3.4 million increase in the year-to-date provision for loan losses as a result of the COVID-19 crisisBook value per share was up 6.7% to a record $22.09 per shareTangible book value(1) per share was up 7.7% to $19.42 per shareTotal loans increased 11.2% to $1.11 billionApproved 1,343 PPP applications for $142.7 million during the second quarterNet charge-offs declined 37.1% to $0.3 millionSecond quarter provision was $1.0 million, compared...

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SCYNEXIS Announces Four Posters Presented at ASM Microbe 2020 Highlighting the Potential Clinical Utility of Ibrexafungerp

JERSEY CITY, N.J., July 22, 2020 (GLOBE NEWSWIRE) — SCYNEXIS, Inc. (NASDAQ: SCYX), a biotechnology company pioneering innovative medicines to overcome and prevent difficult-to-treat and drug-resistant infections, today announced the presentation of four posters at the American Society for Microbiology (ASM) Microbe 2020 held virtually from June through August. The posters, presented as part of the ASM Microbe Online 2020 Summer of Science program, now available online, highlight the potential clinical utility of ibrexafungerp. Ibrexafungerp is the first representative of a new class of antifungal agents called triterpenoids, which are broad-spectrum, fungicidal, and designated by the suffix “-fungerp”. Following the successful completion of its VANISH Phase 3 program, the Company plans to submit a new drug application (NDA) for...

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Timber Pharmaceuticals Announces European Patent Office Intends to Grant Patent for BPX-01 and BPX-04

 Stable topical composition has potential to reduce side effects of orally delivered compositions in treatment of acne and rosacea WOODCLIFF LAKE, NJ, July 22, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Timber Pharmaceuticals, Inc. (“Timber” or the “Company”) (NYSE American: TMBR), a biopharmaceutical company focused on the development and commercialization of treatments for orphan dermatologic diseases, today announced that it has received notice from the European Patent Office (EPO) that it intends to grant a patent for the company’s topical composition of pharmaceutical tetracycline (including minocycline) for dermatological use (European Patent Application No. 16714168.8). In May 2020, Timber announced the closing of a merger with BioPharmX Corporation and its intention to evaluate BioPharmX’s Phase 3...

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miRagen to Report Second Quarter 2020 Financial Results on August 5, 2020

BOULDER, Colo., July 22, 2020 (GLOBE NEWSWIRE) — miRagen Therapeutics, Inc. (NASDAQ: MGEN), a clinical-stage biopharmaceutical company focused on the discovery and development of RNA-targeted therapies, today announced it will report its second quarter 2020 financial results after the financial markets close on Wednesday August 5, 2020.  The Company’s management team is scheduled to host a conference call and webcast at 4:30 p.m. ET on Wednesday August 5, 2020. To access the call, please dial 877-407-0789 in the U.S. or 201-689-8562 outside the U.S. and provide the conference ID number: 13706539. To access the live webcast, please go to the investors section of miRagen’s website at http://investors.miragen.com/events. Following the live webcast, an archived version of the call will be available on the website.About miRagen Therapeutics,...

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ManTech Wins $87M Navy Contract to Provide Innovative, Secure IT Software Research, Development and Engineering for Naval Sea Systems Command

HERNDON, Va., July 22, 2020 (GLOBE NEWSWIRE) — ManTech (Nasdaq: MANT) announced today that it has been awarded a five-year $87 million task order to provide advanced IT Software Research, Development and Engineering in support of the Navy Maritime Maintenance Enterprise Solution (NMMES) for the Naval Sea Systems Command (NAVSEA) ship maintenance mission.ManTech was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) Multiple Award Contract (MAC). DoD IAC MAC task orders are competitively awarded by the U.S. Air Force Installation Contracting Center (AFICC) for work at various U.S. military organizations.“ManTech has supported NAVSEA for 35 years across the full spectrum of engineering requirements, with more than 10 years of direct support to the public shipyards and ship maintenance organizations...

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BOK Financial Corporation Reports Quarterly Earnings of $65 million or $0.92 Per Share in the Second Quarter

TULSA, Okla., July 22, 2020 (GLOBE NEWSWIRE) — BOK Financial (NASDAQ: BOKF) today reported net earnings applicable to common shareholders for the second quarter of 2020 of $65 million, or $0.92 per diluted common share.“The second quarter, unlike any in recent memory, demonstrated the effectiveness of our diversified revenue model,” said Steven G. Bradshaw, president and chief executive officer. “Record quarters from both our Wealth Management and Mortgage businesses added more than $150 million to fee revenue this quarter, eclipsing our pre-provision net revenue from the same quarter a year ago. In fact, this quarter generated the highest level of pre-provision net revenue in the history of our company, even after normalizing for the impact of the Paycheck Protection Program. Considering the economic environment...

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