Month: July 2020

Verizon is the most awarded brand in the history of the J.D. Power Wireless Network Quality Study

Written by Customer Service on July 16, 2020. Posted in Public Companies.

BASKING RIDGE, N.J., July 16, 2020 (GLOBE NEWSWIRE) — When Verizon’s customers make their voices heard to J.D. Power, they make history. In the latest J.D. Power 2020 U.S. Wireless Network Quality Study – Volume 2, Verizon has been named the Most Awarded Wireless Company for Network Quality for the 25th consecutive time, making Verizon the most awarded brand for network quality in the history of the J.D. Power Wireless Network Quality Study.The J.D. Power findings for 25 consecutive study periods cover over 12 straight years (two volumes each year). More than 33,000 people participated in a national survey conducted between January and June 2020 and J.D. Power recognizes the highest-ranking companies from results based on customer experience from the companies evaluated. This year, Verizon ranks highest in Network Quality...

Rekor Systems Completes Note Exchange

Written by Customer Service on July 16, 2020. Posted in Public Companies.

COLUMBIA, Md., July 16, 2020 (GLOBE NEWSWIRE) — Rekor Systems, Inc. (NASDAQ:REKR) (“Rekor”) (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that on July 15, 2020 it completed the final step to consummate the Note Exchange Agreement that was signed on June 30, 2020.“We’ve benefitted greatly from the support of our noteholders. They have given us the resources to seize remarkable opportunities, overcome significant challenges, and position the Company for a period of outstanding performance,” said Robert Berman, CEO, Rekor. “Completion of this transaction reflects the extraordinary level of trust they have gained in our ability to grow rapidly despite the many challenges we face. The entire team here at Rekor is grateful for their continuing support.”In...

Blueberries Announces Strategic Investor & Closing of $1.0 Million Financing

Written by Customer Service on July 16, 2020. Posted in Public Companies.

TORONTO, July 16, 2020 (GLOBE NEWSWIRE) — Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) (FRA: 1OA) (the “Company” or “Blueberries“), a Latin American licensed producer of medicinal cannabis and cannabis-derived products, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of C$1,000,000 in principal amount of unsecured convertible debentures (the “Debentures”). The financing included a strategic investment by Mr. Facundo Garreton, a successful entrepreneur who has built and grown many businesses in Latin America and globally.Mr. Garreton stated: “I am very happy to join the Blueberries team. I consider it to be one of the cannabis companies with the greatest potential in Latin America, not only for its productive operations in Colombia, but also for the excellent team and...

Kiniksa Announces U.S. Orphan Drug Designation for Rilonacept for the Treatment of Pericarditis

Written by Customer Service on July 16, 2020. Posted in Public Companies.

HAMILTON, Bermuda, July 16, 2020 (GLOBE NEWSWIRE) — Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) (“Kiniksa”), a biopharmaceutical company focused on discovering, acquiring, developing and commercializing therapeutic medicines for patients with significant unmet medical need, today announced that the U.S. Food and Drug Administration (FDA) granted Orphan Drug designation for rilonacept for the treatment of pericarditis, which includes recurrent pericarditis. Rilonacept is a weekly, subcutaneously-injected, recombinant fusion protein that blocks interleukin-1 alpha (IL-1α) and interleukin-1 beta (IL-1β) signaling.“Orphan Drug designation for rilonacept for the treatment of pericarditis, along with the Breakthrough Therapy designation for recurrent pericarditis and the recent highly statistically significant pivotal Phase 3 data, represent...

Venus Concept Reports Preliminary Revenue Results for Second Quarter 2020

Written by Customer Service on July 16, 2020. Posted in Public Companies.

TORONTO, July 16, 2020 (GLOBE NEWSWIRE) — Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today reported preliminary revenue results for the three months ended June 30, 2020.Management Commentary:“While our second quarter revenue performance was significantly impacted by the COVID-19 global pandemic, we are pleased to see our business trends improve during the second quarter along with the gradual reopening of practices throughout the U.S and EMEA” said Domenic Serafino, Chief Executive Officer of Venus Concept. “New product launches, including the Venus Bliss, continue to be strong drivers of U.S. growth in 2020. We are also pleased that our integration efforts are beginning to pay off ; specifically, we had notable commercial success with the adoption of our ARTAS...

Kalytera Announces Exclusive License Agreement with Salzman Group for Development and Commercialization of R-107 for Treatment of Coronavirus and COVID-19 Infection

Written by Customer Service on July 16, 2020. Posted in Public Companies.

SAN FRANCISCO, July 16, 2020 (GLOBE NEWSWIRE) — Kalytera Therapeutics, Inc. (TSX VENTURE: KLY and OTC: KALTF) (the “Company” or “Kalytera“) today announced that it has entered into a License Agreement (the “License Agreement”) with Salzman Group, Inc. (“Salzman Group”), under which Salzman Group has granted to Kalytera an exclusive, worldwide license to develop and commercialize Salzman Group’s proprietary drug, R-107, for the treatment of coronavirus and COVID-19 infection.The License Agreement is the first step in a larger transaction in which Kalytera will acquire Salzman Group (the “Acquisition”). The Acquisition is expected to close later this year, subject to customary conditions including TSX Venture Exchange (the “TSXV”) and shareholder approvals.Salzman Group is the owner of R-107, a proprietary...

NexTech AR Expands Salesforce to Meet Growing Demand for its InfernoAR Video Conference Platform

Written by Customer Service on July 16, 2020. Posted in Public Companies.

SANTA CLARA, Calif. and TORONTO, July 16, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce it has hired three new Sr. VP of Sales team members to meet the fast growing demand for its video conferencing, virtual event and AR services. The addition of these three team members now brings its global sales team to a total of nine with a monthly minimum sales quota of $100,000 each. With the hiring of these three new sales team members, NexTech is expanding its growing talent base to meet the extreme demand in the market, which is critical to the company’s growth plans.Andrew Crow who was previously PopResearch – President’s...

Geomega to Recycle Rare Earths from USA Rare Earth’s Anticipated Neo Magnet Production in the United States

Written by Customer Service on July 16, 2020. Posted in Public Companies.

MONTREAL, July 16, 2020 (GLOBE NEWSWIRE) — Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) (OTC: GOMRF), a rare earth clean technologies developer for mining and recycling, and USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, are pleased to announce that they have entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste from USA Rare Earth’s future production of sintered neodymium iron boron (NdFeB) permanent magnets (sintered neo magnets) in the United States.As part of its mine-to-magnets strategy, earlier this year USA Rare Earth purchased the sintered neo magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. USA Rare Earth is currently...

PacWest Bancorp Announces Results for the Second Quarter 2020

Written by Customer Service on July 16, 2020. Posted in Earnings Releases And Operating Results.

Significant ItemsNet Earnings of $33.2 Million, or $0.28 Per Diluted ShareStrong Pre-Provision, Pre-Tax Net Revenue (“PPNR”) of $166.2 MillionFunded $1.2 Billion of Paycheck Protection Program Loans (“PPP”) in Q2Core Deposits Up $3.5 Billion or 22% in Q2; Represents 85% of Total DepositsTax Equivalent Net Interest Margin of 4.20% Compared to 4.31% in Q1Cost of Average Total Deposits Decreased 34 Basis Points from Q1 to 25 Basis PointsQuarter Includes $6.6 Million of Prepayment Penalties Related to Early Payoff of FHLB Term Advances and $7.7 Million of Gain on Sale of SecuritiesLOS ANGELES, July 16, 2020 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) today announced net earnings for the second quarter of 2020 of $33.2 million, or $0.28 per diluted share, compared to a net loss for the first quarter of 2020 of $1.43 billion, or $12.23...

CloudMD to Acquire Snapclarity Inc., an Enterprise Mental Health Platform, Expanding Telehealth Offering to Include Mental Wellness

Written by Customer Service on July 16, 2020. Posted in Mergers And Acquisitions.

A silent mental health crisis existed before the COVID-19 pandemic and has now been brought to the forefront as a crisis on its own.COVID 19 has created a global focus on mental and physical health.Snapclarity is a revolutionary digital mental health platform built on a multi-disciplinary, evidence based and outcome driven approach to wellbeing. The Snapclarity team has deep and extensive experience in mental health and the enterprise products market.CloudMD’s acquisition of Snapclarity supports two key objectives: 1) Strengthens CloudMD’s suite of virtual care solutions with the addition of a proven mental wellness solution and 2) Provides a direct and existing pathway into offering the suite of solutions to enterprise clients, including large insurers and employers, across Canada.VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE)...

Month: July 2020

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