Month: July 2020

IRVINE, Calif., July 27, 2020 (GLOBE NEWSWIRE) — CorVel Corporation, a national provider of risk management solutions, is leveraging its experience and technology to provide clients with liability management services and  monitor emerging legislation as claims related to COVID-19 increase.As the global pandemic continues to impact the country, liability claims are proliferating. Employers are facing claims such as alleged negligence to provide adequate personal protective equipment (PPE) or social distancing, and failure to have contingency plans in place to protect employees. CorVel’s national liability division is providing insight and guidance to clients regarding COVID-19 claim reporting and best-practice handling, along with 24/7 catastrophic assistance for third-party claimants.Legislation and state orders focusing on compensability...

PLYMOUTH MEETING, Pennsylvania, July 27, 2020 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE: AXR) today reported a net loss of $5,903,000, or $0.73 per share, for its 2020 fiscal year ended April 30, 2020 compared to net income of $1,527,000, or $0.19 per share, for the prior year.Results for 2020 included $8,600,000 of non-cash charges comprised of: (1) a non-cash pre-tax pension settlement charge of $2,929,000 due to the payment of lump sum payouts of pension benefits to 309 former employees and (2) net non-cash pre-tax impairment charges on other assets of $5,046,000 in connection with certain deemed consideration from the sale of the Company’s fulfillment services business. Results for 2019 reflected a net loss from continuing operations of $2,465,000 and net income from discontinued operations of $3,992,000. Discontinued operations...

Second Quarter Highlights

Boston, July 27, 2020 (GLOBE NEWSWIRE) — Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were prompted by findings in the National Seismic Hazard Model from Geoscience Australia (GA), which challenged established conceptions of Australia’s seismic hazard and generally decreased the view of seismic hazard significantly. AIR’s updated fully stochastic, event-based earthquake model serves to capture the effects of earthquake-induced ground shaking and liquefaction on risks located in continental Australia and the island of Tasmania. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.“This model has been developed to meet the wide spectrum of earthquake risk management needs of the insurance industry and we took a careful and thoughtful approach in order...

One of the largest consolidations across the globeConsolidation of Vodafone Idea’s customers enables the speedy introduction of new services, innovative price plans, bundling and operational efficienciesST. LOUIS and NEW DELHI, India, July 27, 2020 (GLOBE NEWSWIRE) — Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, and Vodafone Idea Ltd. (VIL), a leading telecommunications services provider, today announced the successful migration of Idea postpaid customers to Amdocs’ digital monetization system. One of the world’s larger and more complex postpaid migrations, the consolidation will offer improved customer service and digital experiences to Vodafone Idea’s customers. Most of the migrations were achieved while working remotely during the global lockdown, using new methodologies,...

VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”) is pleased to announce that it has received conditional approval to list the common shares and 3,150,000 warrants of the Company on the TSX Venture Exchange (the “TSX-V”). The listing is subject to the Company fulfilling certain requirements of the TSX-V in accordance with the terms of its conditional approval letter dated July 23, 2020.The Company is actively working to satisfy these conditions over the coming weeks and expects to commence trading on the TSX-V in September 2020. The Company will issue a further press release to inform shareholders once final approval has been obtained.  The Company anticipates that the common shares will trade under the trading symbol “ROMJ” and the...

NEWMARKET, Ontario, July 27, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group (“ADG”) has been awarded a contract by the U.S. Department for Health and Human Services (“HHS”) – Office of the Assistant Secretary for Preparedness and Response (“ASPR”) for the manufacture and sale of 50,000 FlexAir™ Powered Air Purifying Respirator (“PAPR”) systems, 3,000,000 high efficiency filters and related accessories, including spare protective hoods, for delivery to the Strategic National Stockpile (“SNS”).  The contract is expected to be worth an aggregate amount of US$121 million.“As the COVID-19 pandemic continues to evolve, federal organizations are increasingly examining...

WHITEHORSE, Yukon, July 27, 2020 (GLOBE NEWSWIRE) — Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”), is pleased to announce a major safety accomplishment exceeding two years without a Lost Time Incident (“LTI”) at the Eagle Gold Mine, Yukon.On July 23, 2020, the Eagle Gold Mine surpassed two years, representing 2,481,000 hours, without a LTI. This milestone was achieved during a significant transition time as the team completed construction & commissioning, started operations and ramped up to commercial production on July 1st of this year (see News Release dated July 1, 2020). This impressive safety record was realized while the Company navigated the complexities arising from the current Covid-19 travel restrictions and protocols.“Even with recent major announcements including construction completion, first gold...

VANCOUVER, Washington, July 27, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today Nader Pourhassan, Ph.D., President and Chief Executive Officer, Scott Kelly, M.D., Chairman, Chief Medical Officer and Head of Business Development, and Jacob Lalezari, M.D., Senior Science Advisor, will host an investment community conference call on Thursday, July 30, 2020, to provide a comprehensive update on the Company’s two trials for COVID-19 patients with mild-to-moderate and severe-to-critical indications.Management will dedicate approximately 45 minutes to address questions from analysts and investors, as a follow-on to the Q&A session from...

ELMSFORD, N.Y., July 27, 2020 (GLOBE NEWSWIRE) — Party City Holdco Inc. (together with its subsidiaries, the “Company”) today announced that:its previously announced Exchange Offers, Consent Solicitations and Rights Offering (each as defined below) each have expired in accordance with their terms;approximately 84.7% of the Existing Notes (as defined below) were validly tendered and accepted for exchange by the Company in the Exchange Offers;in connection with the closing of the Exchange Offers, the Company has waived the related minimum participation condition; andthe Exchange Offers and the Rights Offering are expected to settle on or about July 30, 2020 (the “Settlement Date”).The Company’s announcement relates to its previously announced (i) offers to exchange (the “Exchange Offers”) any and all of the outstanding (x) $350,000,000...