Month: July 2020

SOMERSET, N.J., July 16, 2020 (GLOBE NEWSWIRE) — MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced the commencement of an underwritten public offering of approximately 800,000 shares of its non-convertible 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) at a proposed price of $25.00 per share. In connection with the offering, MTBC expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series A Preferred Stock offered in the public offering.B. Riley FBR, Ladenburg Thalmann and National Securities Corporation are acting as bookrunning managers for the offering. The Benchmark Company, Boenning & Scattergood, Chapin Davis, Colliers Securities LLC and Wedbush...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) — Clarmin Explorations Inc. (TSX.V: CX) (the “Company” or “Clarmin”), a Tier 2 mining issuer listed on the TSX Venture Exchange (the “TSXV”), is pleased to announce the proposed management team and board of directors of the issuer (the “Resulting Issuer”) resulting from the proposed reverse takeover of the Company by Cybin Corp. (“Cybin”), a private psilocybin and nutraceutical company (the “Proposed Transaction”).The following is a brief biography of the proposed executive officers and directors of the Resulting Issuer:Paul Glavine, Director and Chief Executive OfficerPaul Glavine is the Co-founder and Chief Executive Officer of Cybin. He is a serial entrepreneur and investor...

Development funded under contract award from NIAID/NIH as part of the CIVICs programCurrently no approved universal influenza vaccineCDC estimates 35.5 million people were infected with influenza in U.S. during 2018-2019 seasonCollaboration will combine Dynavax’s CpG 1018 with influenza antigens designed to protect against all strains of influenzaNEW YORK and EMERYVILLE, Calif., July 16, 2020 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), a biopharmaceutical company focused on developing and commercializing novel vaccines, and the Icahn School of Medicine at Mount Sinai (“Mount Sinai”) today announced they have entered into a collaboration to develop a universal influenza (flu) vaccine. Mount Sinai’s current work in this area is funded under a contract award from the National Institute of Allergy and Infectious...

Kvika has signed a letter of intent for the purchase of 80% share in Netgíró. The bank Currently owns around 20% share in the company and will therefore, if the purchase goes through, become the sole owner of the company.The purchase of Netgíró is in line with the bank’s policy to use technological solutions to modernize financial services. Netgíró has focused the development of credit ratings as well as offering simple installment payments. The bank has previously successfully launched the fintech service Auður.    Kvika has had a successful collaboration with Netgíró in the past years, including financing of the company’s claims. The purchase will enable the bank to further strengthen the collaboration with the company which will lead to increased efficiency and optimization for both parties. Netgíró currently operates in...

Kvika hefur undirritað viljayfirlýsingu um kaup á 80% hlut í Netgíró en fyrir á bankinn um 20% hlut í félaginu og verður því eini eigandi þess ef kaupin ná fram að ganga.Kaup á Netgíró eru í samræmi við stefnu bankans að nýta tæknilausnir til þess að nútímavæða fjármálaþjónustu. Netgíró hefur lagt áherslu á að þróa lánshæfismöt ásamt því að bjóða raðgreiðslur með einföldum hætti. Áður hefur bankinn sett fjártækniþjónustuna Auði á laggirnar með góðum árangri.Kvika hefur átt farsælt samstarf við Netgíró á undanförnum árum, meðal annars varðandi fjármögnun á kröfusafni félagsins. Kaupin gera bankanum kleift að efla enn frekar samstarfið við Netgíró sem leiðir til aukinnar skilvirkni og hagræðingar hjá báðum aðilum. Netgíró er nú á tæplega 3.000 sölustöðum á landinu og yfir 68.000 einstaklingar eru í viðskiptum við fyrirtækið.Viljayfirlýsingin...

NEW YORK, July 16, 2020 (GLOBE NEWSWIRE) — Previously 27Health Inc. announced the agreement with Covi-Guard Inc. to market what we believe to be the first oral sanitizer product to come to market. The product is powered by our proprietary and patent pending technology that will have an FDA, OTC moniker on the label. Two of the ingredients are already being used in the dental community and have virucidal properties. There is significant research at universities and by dental professionals indicating that these products significantly reduce the viral load in the mucosal membranes in the mouth and the nose. The company intends to market two products for the mouth, several versions of the oral spray, and several sizes of the mouthwash. The company also intends to market a nasal spray. We believe that using one or several of these products,...

SOLON, Ohio, July 16, 2020 (GLOBE NEWSWIRE) — Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, today provided an updated revenue projection for the second quarter of 2020, related to the delay in the shipment of a single large military order.The shipment of a portion of the $3.4 million U.S. Navy order for the Company’s new generation of military Intellitubes, which were expected to contribute approximately $1.7 million to the Company’s revenues during the second quarter, was shifted into the third quarter. As a result, the Company anticipates second quarter revenue to be approximately $3.3 million, or $1.2-$1.5 million less than the $4.5 – $4.8 million range the Company previously provided and represents 8% growth from the second quarter of 2019. The Company expects to ship and recognize...

CALGARY, Alberta, July 16, 2020 (GLOBE NEWSWIRE) — Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (POE – TSXV) reports an update on Thailand drilling.THAILANDConcession L53 Onshore (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership)The second phase of the 2020 drilling program commenced in late June with the L53-BB1 exploration well, drilled from a surface location approximately 1.9 kilometers north (subsurface total depth location 1.1 kilometers north) of the L53-DD oilfield.  After experiencing drilling difficulties at a measured depth (“MD”) of 1,475 meters, the well was plugged back and sidetracked (L53-BB1ST1) from a depth of 430 meters MD.  Upon reaching a total depth of 1,529 meters MD (1,090 meters true vertical depth), L53-BB1ST1 encountered an estimated combined 10.55 meters of possible oil...