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Month: July 2020

Melco Announces Commitment for Studio City Private Placement Offers

MACAU, July 07, 2020 (GLOBE NEWSWIRE) — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announced its support of the series of private placement offers announced by Studio City International Holdings Limited (“SCIHL”) on July 7, 2020 of SCIHL’s Class A ordinary shares (“SCIHL Class A Shares”).  Melco also announced that its subsidiary, MCO Cotai Investments Limited (“MCO Cotai”), will purchase all SCIHL Class A Shares offered to it. Melco also indicated MCO Cotai will purchase any and all SCIHL Class A Shares if offered to it by SCHIL if and to the extent there are unsubscribed SCHIL Class A Shares by other offerees under the terms of such private placement offers, such that SCIHL receives no less than...

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Studio City Announces Private Placement Offers

MACAU, July 07, 2020 (GLOBE NEWSWIRE) — Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced it has commenced a series of private offers of its Class A ordinary shares (“Class A Shares”) at a price of US$3.89 per Class A Share (the “Class A Private Placements”), to certain existing institutional holders of the Class A Shares and American depositary shares (“ADSs”).  Concurrently, MSC Cotai Limited, a wholly-owned subsidiary of the Company (“MSC Cotai”), is offering New Cotai, LLC, an existing shareholder of the Company (“New Cotai”), a right to acquire an additional participation interest in MSC Cotai at a price equivalent to the per Class A Share price of the Class A Private Placements in accordance with the terms and conditions...

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Studio City Finance Limited Announces Proposed Senior Notes Offering

MACAU, July 07, 2020 (GLOBE NEWSWIRE) — Studio City Finance Limited (“Studio City Finance”) today announces that it proposes to conduct an international offering of senior notes in one or more tranches (the “Notes” and such offering, the “Notes Offering”). Studio City Finance is a wholly-owned subsidiary of Studio City International Holdings Limited (“SCIHL”).The Notes are proposed to be general obligations of Studio City Finance, ranking equally with all of Studio City Finance’s existing and future senior indebtedness. The Notes are proposed to be guaranteed (the “Note Guarantees”) by all of Studio City Finance’s existing restricted subsidiaries on a senior basis. SCIHL will not be a guarantor of the Notes.The interest rate and other terms of the Notes will be determined at the time of pricing of the Notes Offering. Completion...

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Conversion Labs Reports Preliminary Q2 2020 Revenues Climbing 241% to Record $9.2 Million; Raises 2020 Outlook to $40 Million+

NEW YORK, July 07, 2020 (GLOBE NEWSWIRE) — Conversion Labs, Inc. (OTCQB: CVLB), a direct-to-consumer telemedicine and wellness company, reported preliminary unaudited results for its second quarter ended June 30, 2020. Revenues totaled approximately $9.2 million, up 114% sequentially and up 241% from the same year-ago quarter.“These record results were driven by strong customer acquisitions and growth in subscription revenue generated by our expanding portfolio of telemedicine, online pharmacy, and wellness brands,” said CEO of Conversion Labs, Justin Schreiber.Conversion Labs CFO, Juan Manuel Piñeiro Dagnery, commented: “This acceleration in top line performance is supporting a significant expansion of our gross margins across our business segments, and demonstrates the strong leverage in our business model. In fact, gross margins...

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Onex to Announce Second-Quarter Results on August 6, 2020

All amounts in U.S. dollars unless otherwise stated TORONTO, July 07, 2020 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the six months ended June 30, 2020 on August 6, 2020.  A live broadcast of Onex’ webcast to discuss the results will begin at 11:00 a.m. ET on August 6, 2020.  A link to the live webcast and the 90-day on-line replay will be available at www.onex.com/events-and-presentations.About OnexFounded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world.  Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages...

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OptimizeRx Sales Momentum Continues with Two New Enterprise-level Engagements Added to its Digital Health Platform

ROCHESTER, Mich., July 07, 2020 (GLOBE NEWSWIRE) — OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies and payers, has secured two new SaaS-based enterprise-level engagements that provide the full spectrum of access to the company’s nationwide digital healthcare platform.One win represents a new platform client and the other the transition of a legacy client to the company’s new enterprise solution suite. The two deals have on average an annual contract value of $3.6 million.“These wins demonstrate the exceptional capabilities and reach of our solutions and their proven ability to deliver value to our clients,” said OptimizeRx chief commercial officer, Steve Silvestro. “Our enterprise engagements have been producing strong results due to the improved interoperability between...

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Recruiter.com Announces Results of its June 2020 Recruiter Index Survey as Seen on CNBC 

HOUSTON, July 07, 2020 (GLOBE NEWSWIRE) — Recruiter.com Group, Inc. (OTCQB:RCRT), a leading hiring platform with the world’s largest network of small and independent recruiters, presented the results of the Recruiter Index® for June 2020 live on CNBC on 6/29/20.Recruiter.com reported that the job market had significantly improved since May 2020 and that the surveyed recruiters are optimistic that the improvements will continue both over the short and long term. The subsequent jobs report on 7/2/20 showed record job gains of 4.8 million in June 2020, which beat expectations, with the unemployment rate falling to 11.1%.“Recruiter.com has been tracking recruiter sentiment and confidence since the beginning of the pandemic, and the latest results continue the positive trends we identified in previous iterations of the survey,”...

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NOVAGOLD Files Lawsuit Against J Capital Research for Damages Sustained from Manipulative Short and Distort Report

VANCOUVER, British Columbia, July 07, 2020 (GLOBE NEWSWIRE) — NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) served J Capital Research USA LLC (JCAP) with a civil action lawsuit for defamation in the United States District Court for the Eastern District of New York alleging that on May 28, 2020 JCAP issued a “report” on NOVAGOLD that contained false and misleading statements as part of what the Company believes to be a “Short and Distort” attack. This legal action follows a unanimous vote by the Company’s Board of Directors to aggressively pursue redress for the Company. Baker Botts L.L.P, a leading international law firm, has been retained to act on the Company’s behalf. The legal proceedings will be guided by a specially constituted Committee of the Board of Directors.NOVAGOLD...

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Predictive Oncology Completes Acquisition of Quantitative Medicine

MINNEAPOLIS, July 07, 2020 (GLOBE NEWSWIRE) — Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced it has completed its acquisition of Quantitative Medicine LLC (“QM”), a biomedical analytics and computational biology company, in an all-stock transaction valued at approximately $1.8 million.QM, which was cofounded by Drs. Robert Murphy and Joshua Kangas, both of Carnegie Mellon University’s Computational Biology Department, developed its novel, computational drug-discovery platform CoRETM, an innovative machine learning platform that predicts the main effects of drugs on target molecules that mediate disease, which is expected to dramatically reduce the time, cost and financial risk of discovering new therapeutic...

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