Day: July 27, 2020

Gouverneur Bancorp Announces Fiscal 2020 Third Quarter and Nine Months Results

Written by Customer Service on July 27, 2020. Posted in Public Companies.

GOUVERNEUR, N.Y., July 27, 2020 (GLOBE NEWSWIRE) — Gouverneur Bancorp, Inc. (OTC Pink: GOVB) (the “Company”) holding company for Gouverneur Savings and Loan Association (the “Bank”), today announced the results for the third quarter of fiscal year 2020 ended June 30, 2020.A Note to our Shareholders: In recent months, the COVID-19 outbreak has resulted in business disruptions throughout the United States. As a result, the Bank experienced a decrease in loan principal, interest payments and service fees which negatively impacted its operating results and financial condition. Although the disruption is expected to be temporary, the overall related financial impact and duration cannot be reasonably estimated at this time. However, Management is confident that its current liquidity and capital position is strong enough to rebound from...

Morris State Bancshares Announces Quarterly Earnings, Declares Dividend, and Completes Subordinated Notes Offering

Written by Customer Service on July 27, 2020. Posted in Public Companies.

DUBLIN, Ga., July 27, 2020 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank, today announced net income of $3.4 million, or an earnings per share of $1.61, for the quarter ended June 30, 2020. The earnings represent an increase of approximately $1.5 million, or 78%, compared to net income of $1.9 million, or $0.95 per share, for the quarter ended June 30, 2019. On a pretax basis, the company earned $4.6 million for the quarter versus $3.0 million for the prior year quarter, representing a 57% increase. The increase was primarily a result of Small Business Administration (SBA) Paycheck Protection Program (PPP) loan growth and related fees and lower non-interest expense.“In the second quarter, we experienced strong net interest income, which was up 14% as compared to the...

Coastal Financial Corporation Announces Second Quarter 2020 Results

Written by Customer Service on July 27, 2020. Posted in Earnings Releases And Operating Results.

Quarter Two 2020 Highlights:Net income totaled $3.7 million for the quarter ended June 30, 2020, or $0.30 per diluted common share, an increase of 12.2% from $3.3 million, or $0.27 per diluted common share, for the quarter ended June 30, 2019. A $1.9 million provision for loan losses was recorded during the quarter ended June 30, 2020, due to economic uncertainties from the COVID-19 pandemic, up from $1.6 million during the quarter ended March 31, 2020.Asset growth of $494.9 million, or 41.8%, to $1.68 billion for the quarter ended June 30, 2020, compared to $1.18 billion at March 31, 2020. Total loans receivable, net of deferred loan fees, grew 44.0% during the quarter ended June 30, 2020 to $1.45 billion compared to $1.01 billion at March 31, 2020. Includes $427.4 million in Paycheck Protection Program (“PPP”) loans originated in the...

Castellum, Inc. Announces Record EBITDA for Second Quarter 2020

Written by Customer Service on July 27, 2020. Posted in Earnings Releases And Operating Results.

POTOMAC, Md., July 27, 2020 (GLOBE NEWSWIRE) — Castellum, Inc. (ONOV:OTC) announces strong revenue and record quarterly EBITDA for the second quarter ended June 30, 2020. The Company expects to file its 2020 Q2 report at www.otcmarkets.com within the next 10 days.Castellum’s financial picture continues to grow stronger. Revenue for Q2 2020 was $3.4 million. EBITDA, a non-GAAP measure, was over $550,000. Cash on hand at quarter end was over $1.9 million (up from $1.1 million at the end of Q1) and Current Assets were a record $3.97 million.“The continued success of our business is very heartening,” said Mark Fuller, President, and CEO of Castellum. “We have improved the efficiency of the Corvus division under Jim Enicks’ leadership and now are positioned to add some inorganic growth to the mix. The goal remains the same: growth...

Otelco Agrees to be Acquired by Oak Hill Capital

Written by Customer Service on July 27, 2020. Posted in Mergers And Acquisitions.

ONEONTA, Ala., July 27, 2020 (GLOBE NEWSWIRE) — Otelco Inc. (Nasdaq: OTEL) (“Otelco” or the “Company”), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it has entered into a definitive agreement to be acquired by affiliates formed by Oak Hill Capital (“Oak Hill”), a private equity firm, for $11.75 per share in cash, which represents an equity purchase price of $40.6 million and an enterprise value of $105.6 million. As part of the definitive agreement, Oak Hill will assume or refinance Otelco’s outstanding debt. The consideration represents a 43.3% premium to the unaffected share price of Otelco as of June 23, 2020, a 53.2% premium to the 20-Day Volume Weighted Average Price as of the same date, and a 58.1% premium to Otelco’s...

WiMi Hologram Cloud Inc. Announces Pricing of Public Offering

Written by Customer Service on July 27, 2020. Posted in Public Companies.

BEIJING, July 27, 2020 (GLOBE NEWSWIRE) — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading holographic augmented reality (“AR”) application platform in China, today announced the pricing of WiMi’s “best efforts” public offering of 7,560,000 American Depositary Shares (“ADSs”), each representing two Class B ordinary shares of the Company, at US$8.18 per ADS for a total offering size of up to $61,840,800. Participants in the offering are expected to include a select group of institutional investors in both the US and Asia including WB Online Investment Limited, an affiliate of Weibo Corporation (NASDAQ: WB).Closing of the offering is expected to take place on July 29th.The Benchmark Company LLC, and FT Global Capital Inc. are acting as joint lead bookrunning managers while Valuable Capital Limited is acting...

Cinedigm Announces Blu-ray & DVD Availability of Gritty War Drama THE OUTPOST at All Major Retailers

Written by Customer Service on July 27, 2020. Posted in Public Companies.

Against Seemingly Insurmountable Odds, They Fought On.The Film Starring Orlando Bloom and Scott Eastwood Arrives August 18 On Blu-ray™ & DVDLOS ANGELES, July 27, 2020 (GLOBE NEWSWIRE) — THE OUTPOST will be available August 18 on Blu-ray™ & DVD through Cinedigm (NASDAQ: CIDM) at all major retailers including Walmart, Best Buy, Target and Transworld. Based on the critically acclaimed bestseller by CNN’s Jake Tapper, THE OUTPOST is an incredible true story of strength, sacrifice and bravery. The film, which debuted as the No. 1 movie on Apple its opening weekend and has remained there for 3 straight weeks, heralds an all-star cast including Orlando Bloom (Lord of the Rings), Scott Eastwood (Suicide Squad), Caleb Landry Jones (Get Out) and Milo Gibson (Hacksaw Ridge, Gangster Land).In THE OUTPOST, a small unit of U.S. soldiers,...

Genius Brands International Launches Kartoon Channel! on Apple iOS, Breaking Single Day Company Download Records in First 24 Hours and Ranking in the Top 10 of Free iOS Apps for Kids

Written by Customer Service on July 27, 2020. Posted in Public Companies.

Kartoon Channel! App Receives Tremendous Response with Top Reviews and 5-Star Ratings, Surpassing Disney+New COPPA-compliant App Follows Debut of Kartoon Channel!, Available in Over 100 Million U.S. Television Households and on Over 200 Million Mobile DevicesBEVERLY HILLS, Calif., July 27, 2020 (GLOBE NEWSWIRE) — Following the June 15 launch of its new free digital Kartoon Channel! across multiple AVOD and OTT platforms, Genius Brands International (NASDAQ:GNUS) announced today its first iOS launch with the debut of an all-new dedicated Kartoon Channel! app, available free on Apple iOS.Andy Heyward, Genius Brands Chairman and CEO, stated, “We are thrilled that the viewing audience has discovered Kartoon Channel! so quickly! The multitude of parents downloading our app for their kids has skyrocketed in the first 24 hours with the...

Generex Biotechnology Announces That FDA has Accepted the Pre-IND Briefing Package for the Company’s Ii-Key-SARS-CoV-2 Vaccine and Will Provide a Written Response by August 24, 2020

Written by Customer Service on July 27, 2020. Posted in Public Companies.

MIRAMAR, Fla., July 27, 2020 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) today announced that the FDA has accepted their pre-IND briefing package for the Ii-Key-SARS-CoV-2 coronavirus prophylactic vaccine, and will provide a written response by August 24, 2020. Due to the significant number of submissions relating to COVID-19, the FDA is only providing written responses rather than conducting face-to-face or teleconferences for Pre-IND meetings.The Ii-Key-SARS-CoV-2 is designed as a “Complete Vaccine” that has the potential to induce the T-Cell and antibody immune responses that can provide protective immunity with long-lasting immunologic memory against SARS-CoV-2 in a highly specific manner to ensure safety. With their response, the FDA will comment...

Shenandoah Telecommunications Company to Hold its Second Quarter 2020 Earnings Call at 8 a.m. on Thursday, July 30, 2020

Written by Customer Service on July 27, 2020. Posted in Public Companies.

EDINBURG, Va., July 27, 2020 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its second quarter 2020 financial results before the market opens on Thursday, July 30, 2020 and will host a conference call and simultaneous webcast at 8:00 a.m. Eastern Time that day.Date: July 30, 2020Time: 8:00 AM ETListen via Internet: http://investor.shentel.com/Telephone: (888) 695-7639Password: 1246368A telephonic replay of the conference call will also be available starting two hours after the completion of the call. To access the replay, callers in the United States should call (855) 859-2056 and enter pass code 6654869.About Shenandoah TelecommunicationsShenandoah Telecommunications Company (Shentel) provides a broad range of diversified communications services through its high speed, state-of-the-art...

Day: July 27, 2020

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