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Day: July 28, 2020

Magic to Announce First Quarter 2020 Financial Results on August 13, 2020

Or Yehuda, Israel, July 28, 2020 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platforms and IT consulting services, announced today that it will report its financial results for the second quarter of 2020 on Thursday, August 13, 2020.Management will host a conference call on Thursday, August 13, 2020 at 10:00 a.m. Eastern Daylight Time (5:00 p.m. Israel Daylight Time) to review and discuss Magic’s results.Please call the following numbers (at least 5 minutes before the scheduled time) in order to participate:From North America: +1-888-668-9141From UK: 0-800-917-5108From Israel: 03-918-0609All others: +972-3-918-0609If you are unable to join live, a replay of the call will be available on the company’s website, www.magicsoftware.com.About...

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Mission Ready Announces Appointment of James Marks as Interim CEO, Resignation of Jeffery Schwartz as President and CEO

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) — Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) announces that, effective August 7, 2020, James A. Marks will assume the role of interim Chief Executive Officer (“CEO”) of the Company. To facilitate this change, Jeffery L. Schwartz has tendered his resignation as the Company’s President and CEO, effective August 7, 2020, but will remain a member of the Company’s board of directors (the “Board”).Mr. Schwartz has served as the Company’s President and CEO since March 2017, during which time he has led the Company to new heights and presided over impressive revenue growth, with 2019 revenues reaching CAD $21.19 million, a 588% increase over the previous year.“We are forever grateful for Jeff’s devoted and faithful service to the Company and we...

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Broward Health Medical Center Becomes First Clinical Site in U.S. for Phase II Trial for LSALT Peptide

TORONTO, July 28, 2020 (GLOBE NEWSWIRE) — Arch Biopartners Inc. (“Arch” or the “Company”) (TSX Venture: ARCH and OTCQB: ACHFF), a clinical stage company developing new drug candidates for treating organ damage caused by inflammation, today announced that it has chosen its first U.S. clinical site for the Phase II trial of its lead drug LSALT peptide (Metablok).  Broward Health Medical Center (BHMC) in Florida has agreed to participate in the trial and begin enrolling patients following internal review board approval, which is expected during the month of August.The Phase II trial will be a multicenter, randomized, double-blind, placebo-controlled, proof of concept study of LSALT peptide as prevention of organ inflammation known to trigger acute respiratory distress syndrome (ARDS) and acute kidney injury (AKI) in patients infected...

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Single-pair Ethernet PHY Offers the Industry’s Leading Ultra-low TC10-compliant Sleep Current and is Functional Safety Ready

CHANDLER, Ariz., July 28, 2020 (GLOBE NEWSWIRE) — A ubiquitous Ethernet architecture simplifies the design, configuration, and control of many different applications. This is especially true for connected mobility that requires more high-speed data delivery than ever before. Automotive networks rely heavily on partial networking in which some segments are hibernated and woken up on demand. Microchip Technology Inc. (Nasdaq: MCHP), a leader in automotive Ethernet, today announced the LAN8770, an OPEN Alliance TC10 sleep standard Ethernet physical layer transceiver (PHY) with the industry’s lowest sleep current—less than 15 µA—which is around four times lower than other available devices. The LAN8770 is a compact, cost-effective, single-port 100BASE-T1 Ethernet PHY compliant with the IEEE 802.3bw-2015 specification and available in...

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Avid Bioservices and Argonaut Manufacturing Services Enter Agreement to Offer Biotechnology and Pharmaceutical Clients Integrated Process Development, Drug Substance Manufacturing and Drug Product Parenteral Manufacturing

TUSTIN, Calif. and CARLSBAD, Calif., July 28, 2020 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO) (NASDAQ:CDMOP), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, and Argonaut Manufacturing Services, a CGMP contract manufacturing organization (CMO) dedicated to providing custom manufacturing and supply chain solutions for life science, molecular diagnostics, and biopharmaceutical companies, today announced a co-marketing agreement that will provide clients an integrated manufacturing solution including process development, drug substance manufacturing, and drug product manufacturing.  Under terms of the non-exclusive agreement, the companies will...

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Monster Beverage to Report 2020 Second Quarter Financial Results on August 4, 2020

CORONA, Calif., July 28, 2020 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its second quarter ended June 30, 2020 will be released on Tuesday, August 4, 2020 after the close of the market. The company also said that chairman and chief executive officer, Rodney Sacks, and vice chairman and president, Hilton Schlosberg, will host an investor conference call that same day at 2:00 p.m. Pacific Time to review the company’s financial results and operations.The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com.  For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.Monster Beverage CorporationBased in Corona, California, Monster Beverage Corporation...

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Novan President and CEO, Paula Brown Stafford Named Chairman of the Board

Expanded role of Ms. Stafford as Chairman reflects the Board’s confidence in her leadership of the Company and strategic directionRenowned pharmaceutical executive Robert Ingram retiring as Executive Chair and remaining a member of Board of Directors  MORRISVILLE, N.C., July 28, 2020 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (Nasdaq: NOVN), today announced an expanded role of Paula Brown Stafford, President and Chief Executive Officer (“CEO”) of Novan, to also include Chairman of Novan’s Board of Directors (“Board”). Concurrently, Robert Ingram is retiring as Executive Chairman and will continue as a member of the Board. These changes to the Board are effective as of today, July 28, 2020.“Since Paula’s appointment as President and CEO of Novan, she has done a tremendous job leading the Company...

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Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended June 30, 2020

GREENWICH, Conn., July 28, 2020 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended June 30, 2020.As previously announced by the Company, our Board of Directors had declared monthly common stock distributions of $0.035 through September 30, 2020. In light of current economic and market conditions, specifically as a result of the global crisis caused by the spread of the COVID-19 virus, no assurance can be provided as to the level of any common stock distributions that may be declared by the Company’s Board of Directors for the fourth quarter of 2020 (which are currently expected to be declared in September).During the quarter ended June 30, 2020, the U.S. loan market...

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Delmar Bancorp Reports Results of Operations for the Second Quarter 2020

SALISBURY, Md., July 28, 2020 (GLOBE NEWSWIRE) — Delmar Bancorp (NASDAQ: DBCP) (the “Company” or “Delmar”), the parent company of The Bank of Delmarva (“Delmarva”), Seaford, Delaware, and Virginia Partners Bank (“Partners”), Fredericksburg, Virginia, reported net income of $1.0 million, or $0.06 per share, for the three months ended June 30, 2020, a $711 thousand or 40.6% decrease when compared to net income of $1.8 million, or $0.18 per share, for the same period in 2019.  For the six months ended June 30, 2020, the Company reported net income of $3.4 million, or $0.19 per share, a $296 thousand or 9.4% increase when compared to net income of $3.2 million for the same period in 2019.  The Company’s results of operations for the three and six months ended June 30, 2020 were directly impacted by the acquisition of Partners, whose results...

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Franklin Electric Reports Second Quarter 2020 Sales and Earnings

FORT WAYNE, Ind., July 28, 2020 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2020 GAAP fully diluted earnings per share (EPS) of $0.52, versus a GAAP fully diluted EPS in the second quarter 2019 of $0.70.  Second quarter 2020 sales were $308.3 million, compared to 2019 second quarter sales of $355.3 million.  Second quarter EPS before the impact of restructuring expenses was $0.54 compared to 2019 second quarter EPS before restructuring of $0.70 (see table below for a reconciliation of GAAP EPS to EPS before restructuring). Gregg Sengstack, Franklin Electric’s Chairman and Chief Executive Officer, commented:“Although our second quarter results were impacted negatively by the effects of the Global Pandemic, they exceeded our revised expectations.  Our Water and Distribution businesses both...

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