Month: July 2020

SACRAMENTO, Calif., July 17, 2020 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.712 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced financial results for the quarter and six months ended June 30, 2020. Net income for the quarter ended June 30, 2020 was $3.8 million or $0.23 per share – diluted, compared with net income of $3.6 million or $0.20 per share – diluted for the same period of 2019.  Net income for the six months ended June 30, 2020 was $4.8 million or $0.28 per share – diluted, compared with net income of $6.0 million or $0.33 per share – diluted for the same period of 2019.Significant Items for the second quarter of 2020:$1.3 million provision for loan and lease losses.$162.2 million in loans funded through June 30, 2020...

SALT LAKE CITY, UT, July 17, 2020 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer (OEM) ceramics company focused on silicon nitride and its applications, today announced that it has entered into a share purchase agreement with several institutional investors for the issuance and sale of 1,500,000 shares of its common stock at a price of $2.00 per share, for aggregate gross proceeds of approximately $3.0 million, in a registered direct offering priced at-the-market under Nasdaq rules.Maxim Group LLC is acting as the sole placement agent for the offering.The offering is expected to close on or about July 21, 2020, subject to the satisfaction of customary closing conditions.The shares of common stock are being offered pursuant to a shelf registration statement...

CAMPBELL, Calif., July 17, 2020 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of thermal management technologies for batteries and electronics, announced today its strategic partnership with Virginia based dual use technology advisors, The Outpost.  In addition, the company added The Outpost’s CEO, Dave Harden, to KULR’s advisory board. The Outpost is a post-accelerator advisory and technology accelerator firm that specializes in helping companies “hop the valley of death” and advancing next generation technology companies into relationships within both the commercial and national security verticals.Michael Mo, CEO of KULR Technology, stated, “The Outpost recognizes the fit between KULR’s advanced thermal management capabilities and the needs of the defense...

FAIRFIELD, Conn., July 17, 2020 (GLOBE NEWSWIRE) — Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended June 30, 2020 were $44.0 million compared to $40.2 million in the second quarter of 2019, an increase of 9%. Net sales for the six months ended June 30, 2020 were $79.8 million, compared to $71.6 million in the same period in 2019, an increase of 11%.Acme United’s second quarter and six months ended June 30, 2020 revenues included approximately $1.1 million and $2.1 million, respectively, from the sales of First Aid Central products.  The Company acquired the assets of Canadian-based First Aid Central, Inc. on January 7, 2020.Net income was $3,199,000 or $0.92 per diluted share for the quarter ended June 30, 2020 compared to $2,672,000, or $0.77 per diluted share, for the comparable period...

TORONTO, July 17, 2020 (GLOBE NEWSWIRE) — Anconia Resources Corp. (TSXV:ARA) (the “Company“) is pleased to announce material updates in connection with a proposed reverse take-over of Avalon Investment Holdings Ltd. (“Avalon”) (the “Proposed Transaction“) subject to approval of the TSX Venture Exchange (the “Exchange“) to list the shares of the resulting entity (the “Resulting Issuer”) on the Exchange. The Resulting Issuer will continue to carry on base and precious metals exploration and development, focused primarily on the exploration of Avalon’s Omai Gold Mine project in Guyana.Proposed TransactionThe Company and Avalon have entered into an acquisition agreement (the “Definitive Agreement“) dated October 9, 2019.The Proposed Transaction will be carried out by way of...

Shelton, CT, July 17, 2020 (GLOBE NEWSWIRE) — Hubbell Incorporated (NYSE: HUBB) today announced it will release its second quarter 2020 financial results prior to the opening of the market on July 30, 2020. The Company will then webcast its Analysts’ Conference Call to discuss the results at 10:00 AM ET.The full text of the press release announcing the results will be posted on Hubbell’s corporate website under the Press Release section. You can also access this information by going to www.hubbell.com and selecting “Investors” from the options at the bottom of the page and then “Press Releases” from the drop-down menu.The live audio of the conference call and accompanying materials will also be available and can be accessed by visiting Hubbell’s Events and Presentations section. You can also...

SOMERSET, N.J., July 17, 2020 (GLOBE NEWSWIRE) — MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP) (“MTBC” or the “Company”), a leading provider of cloud-based healthcare IT solutions and services, today announced that it has upsized and priced its previously announced underwritten public offering of non-convertible 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”), which trades on the Nasdaq Global Market with ticker “MTBCP”. The Company has agreed to sell 960,000 shares of Series A Preferred Stock, at a public offering price of $25.00 per share, for gross proceeds to the Company of $24.0 million.The Company also granted the underwriters a 30-day option to purchase up to an additional 144,000 shares at the public offering price, less underwriting discounts and commissions. The offering...

BUENA, N.J., July 17, 2020 (GLOBE NEWSWIRE) — Teligent, Inc. (Nasdaq: TLGT) (“Teligent” or the “Company”), a New Jersey based specialty generic pharmaceutical company, today announced the hiring of Philip Yachmetz as Chief Legal Officer and Corporate Secretary of the Company, effective July 16, 2020.Timothy B. Sawyer, President and CEO of the Company, commented, “We are pleased that Phil has agreed to join our Teligent team.  Phil’s extensive experience as a general counsel/chief legal and compliance officer with pharmaceutical, biotechnology and healthcare companies will be an excellent addition to our team.” Most recently, from 2015 through July 2020, Mr. Yachmetz served as Chief Legal and Compliance Officer of Sovereign Medical Services, Inc., a privately held fully integrated community healthcare system company.  Prior to his...

Detroit, July 17, 2020 (GLOBE NEWSWIRE) — DETROIT, July 17, 2020 – In the wake of the ongoing heat wave sweeping across the Midwest and Michigan, DTE Energy is issuing guidance to its electric customers on how they can save money on their energy bills during this period of extreme heat.Temperatures are expected to exceed 90-degrees this weekend in sections of Southeastern Michigan. So far this summer, Detroit has had three times as many 90-degree weather days than it experienced at this point last year. As the outdoor temperatures climb, so does the average customer’s energy use which often leads to an increase in their energy bills.        “Hot summer weather conditions along with the ongoing COVID-19 pandemic are causing many of our residential customers to spend more time at home and increase their energy usage which will lead...

VANCOUVER, British Columbia, July 17, 2020 (GLOBE NEWSWIRE) — Winshear Gold Corp.  (TSX-V: WINS) announces a non-brokered private placement of 6,250,000 Units at $0.12 per Unit for gross proceeds of $750,000. Each Unit comprises one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Winshear Gold at a price of $0.18 for a period of 24 months from the closing date of the financing. A finder’s fee commensurate with regulatory policies may be paid if applicable.