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Day: August 5, 2020

Net Element Enters Definitive Merger Agreement with Electric Vehicle Company Mullen Technologies

MIAMI, Aug. 05, 2020 (GLOBE NEWSWIRE) — via NetworkWire — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”) today announced the execution of a definitive agreement to merge with privately-held Mullen Technologies, Inc. (“Mullen”), a Southern California-based electric vehicle company, in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger Company.Highlighted Terms of the Definitive Merger Agreement:Under the terms of the agreement, Net Element’s wholly owned, newly formed subsidiary will acquire all the outstanding shares of Mullen.  Upon completion of the merger, Net Element shareholders will own 15% and Mullen shareholders will own 85% of the issued and outstanding shares of the combined Company.  Net Element has the right to acquire...

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Algernon Announces First Patient Dosed in Phase 2 IPF and Chronic Cough Human Trial of Ifenprodil

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPF) (the “Company” or “Algernon”) a clinical stage pharmaceutical development company, is pleased to announce that the first patient has been dosed in its Phase 2 idiopathic pulmonary fibrosis (IPF) and chronic cough clinical study of its re-purposed drug NP-120 (Ifenprodil). The patient was enrolled and dosed at the Waikato Hospital located in Hampton, New Zealand.Phase 2 Study Summary:The purpose of this proof-of-concept Phase 2 human trial is to determine the efficacy of Ifenprodil in the preservation of lung function in IPF patients (including biomarkers of fibrosis) and its associated cough. There are 5 sites in total participating in the study with 3 located in Australia and 2 in New Zealand.Ifenprodil...

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Weyland Tech Sets Second Quarter 2020 Earnings Conference Call for Friday, August 14, 2020 at 11:00 a.m. ET

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) — Weyland Tech, Inc. (OTCQX: WEYL), a leading global provider of eCommerce, mCommerce, and fintech business enablement solutions, will hold a conference call on Friday, August 14, 2020 at 11:00 a.m. Eastern time to discuss results for the second quarter ended June 30, 2020. The financial results will be issued in a press release prior to the call.Weyland management will host the call, followed by a question and answer period.Date: Friday, August 14, 2020Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)Toll-free dial-in number: 1-866-548-4713International dial-in number: 1-323-794-2093Conference ID: 5079047Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the...

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ElectraMeccanica Names Three Finalist States in BDO-Led Search for SOLO EV U.S. Assembly Facility and Engineering Technical Center

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles including the single-occupant, three-wheeled SOLO EV, today provided an update related to its ongoing search for the Company’s future U.S. based assembly facility and engineering technical center.Since late February, the Company has been engaged with BDO USA’s Site Selection & Business Incentives Practice (“BDO”) in a nationwide review of potential locations that matched ElectraMeccanica’s criteria. BDO initially identified seven candidates and sent initial requests for proposal to the chief economic development entities in each state. Earlier in June, the Company narrowed the candidate list to five.Following...

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IEC Announces Fiscal 2020 Third Quarter Results

REVENUE OF $47.4 MILLION; UP 17% YEAR OVER YEARGROSS MARGIN OF 14%GENERATED $6.0 MILLION OF OPERATING CASH FLOWNEWARK, N.Y., Aug. 05, 2020 (GLOBE NEWSWIRE) — IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2020 third quarter and nine months ended June 26, 2020.IEC reported revenues of $47.4 million for the third quarter of fiscal 2020, an increase of 17% as compared to revenues of $40.3 million for the third quarter of the year ended September 30, 2019 (“fiscal 2019”) and a sequential increase of 7% compared to revenues of $44.2 million in the second quarter of fiscal 2020. Gross profit for the third quarter of fiscal 2020 was $6.6 million, or 14% of sales, compared to gross profit of $5.6 million, or 13.9% of sales in the third quarter of fiscal 2019. Selling and administrative expenses were $3.7 million...

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Bellerophon Provides Clinical Program Update and Reports Second Quarter 2020 Financial Results

WARREN, N.J., Aug. 05, 2020 (GLOBE NEWSWIRE) — Bellerophon Therapeutics, Inc. (Nasdaq: BLPH) (“Bellerophon” or the “Company”), a clinical-stage biotherapeutics company focused on developing treatments for cardiopulmonary and infectious diseases, today provided a clinical program update and reported financial results for the second quarter ended June 30, 2020.“Bellerophon has achieved significant clinical and regulatory progress advancing our development program for the INOpulse® inhaled nitric oxide therapy,” said Fabian Tenenbaum, Chief Executive Officer of Bellerophon. “We are pleased to have treated the first patient with INOpulse in our COViNOX Phase 3 clinical trial for the treatment of COVID-19 and are excited to work with leading hospitals across the U.S. to enroll patients as expeditiously as possible. The trial initiation...

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Hudson Global Reports 2020 Second Quarter Results

OLD GREENWICH, Conn., Aug. 05, 2020 (GLOBE NEWSWIRE) — Hudson Global, Inc. (Nasdaq: HSON), a leading global total talent solutions company, announced today financial results for the second quarter ended June 30, 2020.2020 Second Quarter SummaryRevenue of $24.6 million decreased 7.0% from the second quarter of 2019 (3.0% in constant currency).Adjusted net revenue of $8.9 million decreased 23.4% from the second quarter of 2019 (21.3% in constant currency).Net loss improved to $0.8 million, or $0.27 per basic and diluted share, from a net loss of $0.9 million, or $0.29 per basic and diluted share, for the second quarter of 2019.  Adjusted net loss per diluted share (Non-GAAP measure)* was $0.13 versus $0.07 in the second quarter of 2019.Adjusted EBITDA (Non-GAAP measure)* loss was $0.4 million compared to adjusted EBITDA of $0.3 million...

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REMINDER – KP Tissue to Release its Financial Results and those of Kruger Products L.P. for the Second Quarter of 2020

MISSISSAUGA, Ontario, Aug. 05, 2020 (GLOBE NEWSWIRE) — KP Tissue Inc. (“KPT”) (TSX:KPT), which holds a limited partnership interest in Kruger Products L.P. (“KPLP”), will release the financial results for KPT and KPLP for the second quarter of 2020 on Thursday, August 6, 2020 before the market opens. KPT will hold its conference call the same day at 8:30 a.m.  Eastern Time.Details of the Conference CallVia telephone: 1- 877-223-4471 or 647-788-4922Via the internet at: www.kptissueinc.comPresentation material referenced during the conference call will be available at www.kptissueinc.com.Conference Call RebroadcastA rebroadcast of the conference call will be available until midnight, August 13, 2020 by dialing 1-800-585-8367 or 416-621-4642 and entering passcode­­ 1935229.The replay of the webcast will remain available on the web...

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RAPPEL – Papiers Tissu KP publiera ses résultats financiers et ceux de Produits Kruger S.E.C. pour le deuxième trimestre de l’exercice 2020

MISSISSAUGA, Ontario, 05 août 2020 (GLOBE NEWSWIRE) — Papiers Tissu KP inc. (TSX : KPT) (« PTKP »), qui détient un intérêt limité dans Produits Kruger S.E.C (« PK S.E.C. »), publiera les résultats financiers de PTKP et de PK S.E.C. pour le deuxième trimestre de l’exercice 2020 le jeudi 6 août 2020, avant l’ouverture de la séance. PTKP tiendra une téléconférence cette même journée, à 8 h 30, heure de l’Est.Renseignements sur la téléconférence (en anglais seulement)Au téléphone : 1- 877-223-4471 ou 647-788-4922Sur le site Web : www.kptissueinc.comLes documents auxquels on fera référence lors de la téléconférence seront disponibles au www.kptissueinc.com.Téléconférence archivéeLa téléconférence sera disponible jusqu’à minuit le 13 août 2020 et il sera possible d’y accéder en composant le 1-800-585-8367 ou le 416-621-4642 et en...

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Option Care Health to Participate in the Canaccord Genuity Virtual Growth Conference

BANNOCKBURN, Ill., Aug. 05, 2020 (GLOBE NEWSWIRE) — Option Care Health Inc. (“Option Care Health”) (NASDAQ: OPCH), the nation’s largest independent national provider of home and alternate site infusion services, will present at the 40th Annual Canaccord Genuity Virtual Growth Conference on Wednesday, August 12, 2020. John Rademacher, Option Care Health’s Chief Executive Officer, and Mike Shapiro, Chief Financial Officer, are scheduled to present at 10:00 a.m. EST. A live audio webcast and replay of this presentation will be available at https://investors.optioncarehealth.com.About Option Care HealthOption Care Health is the nation’s largest independent provider of home and alternate site infusion services. With over 5,000 teammates including approximately 2,900 clinicians, we work compassionately to elevate standards of care for...

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