Month: July 2020

Las Vegas, NV, July 23, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — DLT Resolution Inc. (DLTI), an information technology, cyber security, telecommunications and Union Services company, is pleased to announce another new Union customer for its Proprietary Vote YourChoice™ application through its wholly owned, Union Strategies Inc. (”USI”) subsidiary.This new client is another Canadian Union in the Public sector.  The selling proposition that closed the deal was the Proprietary System that USI has developed to provide electronic election services for the first time.  USI again used its deep domain knowledge of all things Union to modify the bylaws of its new customer to facilitate the change to paperless voting.  “We are very excited about this step into the future of voting,” said Fred Vecchio of Union Strategies.  “It saves...

CLINTON, N.J., July 23, 2020 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.2 million, or $0.47 per diluted share, for the quarter ended June 30, 2020, an 11.4 percent decrease compared to $5.8 million, or $0.53 per diluted share for the prior year’s second quarter.   For the six months ended June 30, 2020, Unity reported net income of $10.5 million, or $0.96 per diluted share, an 8.9 percent decrease compared to $11.6 million or $1.05 per diluted share for the prior year’s period. The decreases in earnings were primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic and governmental responses.James A. Hughes, President and CEO, commented on the financial results: “We are living in unprecedented times and throughout this challenging...

CALGARY, Alberta, July 23, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remained focused on financial resilience in the second quarter of 2020 and used the flexibility of its assets and marketing strategy to adapt quickly to the changing external environment. This positioned the company to weather the sharp decline in benchmark crude oil prices in April by reducing volumes at its oil sands operations and storing the mobilized oil in its reservoirs for production in an improved price environment. While Cenovus’s financial results were impacted by the weak prices early in the quarter, the company captured value by quickly ramping up production when Western Canadian Select (WCS) prices increased almost tenfold from April to an average of C$46.03 per barrel (bbl) in June. As a result of this decision, Cenovus reached...

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Tanzanian Gold Corp. (TSX: TNX); (NYSE American: TRX) (“Tanzanian Gold” or the “Company”) is pleased to announce that it has signed a flexible financing agreement for up to US$14 million of unsecured convertible debentures (the “Financing”) with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. (collectively, the “Investors”). The Company has also strengthened its balance sheet by converting US$8.4 million of outstanding gold loans and convertible loans into common shares. The proceeds from the Financing will be utilized for a significant expansion of the Buckreef Project oxide mining and processing operation, the advancement of a Feasibility Study for the larger sulphide mining complex, the continuation of multiple drilling programs, and...

ATLANTA, July 23, 2020 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, today reported results for the second quarter ended June 30, 2020.  Further details can be found in the supplemental presentation included with this release.  Highlights include:Second quarter 2020 orders of $267.6 million included $125.1 million in June 2020, making it the highest order month of 2020 to date, a record order month for HLNG vehicle tanks and contributing to a record order quarter for LNG fueling stationsBooked small-scale LNG terminal order for U.S. utility customer ($13.3 million)Signed five long-term agreements with major customers including repair and service, and booked orders with 132 new customers in the second...

SAN JOSE, Calif., July 23, 2020 (GLOBE NEWSWIRE) — Forescout Technologies, Inc. (NASDAQ:FSCT), the leader in device visibility and control, today announced its latest technology integration enhancements with longtime partner, ServiceNow. To help ensure integrity and stability of critical infrastructure, Forescout and ServiceNow provide an effective and streamlined integration that improves asset intelligence as well as threat prevention, detection and response for industrial control systems (ICS) and operational technology (OT) environments.“Forescout and ServiceNow are introducing the future of integrated OT network defense,” said Pedro Abreu, chief product and strategy officer, Forescout. “Combining Forescout’s strength in control system discovery, classification and threat recognition with the power of ServiceNow CMDB – which...

SCOTTSDALE, Ariz., July 23, 2020 (GLOBE NEWSWIRE) — Electromedical Technologies, Inc. (OTC: ELCQ) (the “Company”), developer and manufacturer of the WellnessPro® , an FDA cleared bioelectronic device designed to relieve chronic, intractable and acute pain, is pleased to announce an investment agreement for an aggregate $1 million investment to accelerate corporate expansion and product development.Mr. Matthew Wolfson, the Company’s CEO, commented on the investment agreement, structured to occur in three separate traunches: “This capital infusion will help the Company accelerate the process of replenishing our much needed inventory to meet the pent up demand for our WellnessPro® product. We have ordered more than 1000 units, including accessories, which represent an estimated $3.5 million in potential revenues to the company. In addition,...

CALGARY, Alberta, July 23, 2020 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Non-GAAP Measures” later in this news release.Precision Drilling announces 2020 second quarter...

Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring PlanCOVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic Step Forward to Protect the Business for All StakeholdersTalented Leadership Team Established Over the Past Year Remains Focused onDriving Sustainable Growth and ProfitabilityAnn Taylor, LOFT, Lane Bryant, Justice and Lou & Grey Continuing to Serve Customers; Company to Close All Catherines Stores and Enters Into Asset Purchase Agreement to Sell Catherines’ Intellectual Property AssetsSecures $150 Million in New Money Term LoanMAHWAH, N.J., July 23, 2020 (GLOBE NEWSWIRE) — ascena retail group, inc. (Nasdaq: ASNA) and certain of its subsidiaries...