Day: August 13, 2020

MIAMI, Aug. 13, 2020 (GLOBE NEWSWIRE) — via NetworkWire — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, today reports its financial results for the second quarter ended June 30, 2020.Second Quarter 2020 Financial ResultsTotal transaction volume decreased to $717.9 million, as compared to $950.2 million for the same comparable period.Net revenue decreased to $13.7 million, as compared to $16.5 million for the same comparable period in 2019.North American Transactions Solutions revenue decreased to $13.0 million, as compared to $15.7 million for the same comparable period.International Transaction Solutions revenue decreased...

Generates positive free cash flow in Q2 and maintains strong, stable cash position into Q3Over 90% of North American traditional locations (and over 80% globally) now openMonth on month same-store sales recovery in Q2 continuing in Q3 to dateAdvancement of strategic agenda with anticipated app rollout in Q4Announces $1M investment to accelerate restaurant sales recoveryExpansion of full CPG offering to 23 ONroute travel hubsTORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Health and wellness brand Freshii Inc. (TSX: FRII) (“Freshii” or, the “Company”) today announced financial results for the second quarter ended June 28, 2020 (“Q2 2020”).“While recognizing the challenges that the COVID-19 pandemic continues to present to our franchisees, employees and the broader restaurant industry, we are encouraged by the improving sales and reopening...

TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months ended June 30, 2020.During the second quarter of 2020, the Corporation recognized net earnings attributable to owners of Dundee Corporation of $52.2 million, or earnings of $0.49 per share, before the effect of any dilutive securities.  This compares with a loss of $7.9 million or $0.12 per share incurred during the same quarter of the prior year.Operating results during the second quarter of 2020 reflect a $97.4 million market appreciation (2019 – $5.1 million) in certain of the Corporation’s investments that are carried in the consolidated financial statements at Fair Value Through Profit or Loss (“FVTPL”).“During the second quarter we completed the sale transaction...

ST. LOUIS, Aug. 13, 2020 (GLOBE NEWSWIRE) — Huttig Building Products, Inc. (“Huttig” or the “Company”) (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, confirmed it has received an unsolicited, non-binding, expression of interest from Mill Road Capital Management LLC and its affiliated funds (“Mill Road”), a private investment firm, to acquire all of the outstanding common stock of the Company for $2.75 per share.  Consistent with its fiduciary duties, the Board of Directors, in consultation with its financial and legal advisors, will review the letter and determine the course of action it believes is in the best interests of its stockholders.  The Company will communicate future developments in accordance with its ongoing disclosure requirements.The Company has retained Lincoln International...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Emerita Resources Corp. (TSX-V: EMO) (the “Company” or “Emerita”) has closed, on a fully-subscribed basis, its previously announced private placement of common shares (see news release dated July 10, 2020) (the “Offering”). The Company issued 7,142,847 units (the “Units”) pursuant to the Offering at a price of $0.14 per Unit for aggregate gross proceeds of $1,000,000.Each Unit is comprised of one common share of Emerita (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $0.15 for a period of 24 months from the date hereof, subject to an acceleration provision whereby...

TORTOLA, British Virgin Islands, Aug. 13, 2020 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or “the Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces it has filed its condensed consolidated interim financial statements and management’s discussion and analysis for the three and six month periods ended June 30, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars (“$”) unless otherwise stated.Revenue decreased by 18% to $17.3 million for Q2 2020 and by 14% to $35.0 million for the six months ended June 30, 2020 compared to the same prior year periods. The decrease is primarily a result of decreased sales to Tanzanian Electric Supply Company Limited (“TANESCO”) under the Portfolio Gas Supply Agreement and a smaller...

Secured 24 New Engineering Design Project Contracts, including Two New Projects in Europe;Customer Deposits against Future Shipments were $3.4M as of June 30, 2020;Operating Expenses Decreased 32% to $2.1M from $3.1M in Q2 2019;Net loss was $1.6M in Q2 2020 compared to $1.4M in Q2 2019;Adjusted EBITDA of negative $275,000 in Q2 2020 decreased substantially from negative $710,000 in Q2 2019, and negative $903,000 in Q1 2020;Engineering Commissioning Team Participated in Commissioning of Commercial Glasshouse Lettuce Production FacilityLAFAYETTE, Colo., Aug. 13, 2020 (GLOBE NEWSWIRE) — urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cultivation facilities for the global commercial horticulture market,...

HOUSTON, Aug. 13, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) (OTC: KEGX) reported second quarter 2020 consolidated revenues of $34.8 million and a net loss of $19.1 million, or $(1.39) per basic share, as compared to consolidated revenues of $75.3 million and net income of $109.0 million, or $26.66 per basic share, for the first quarter of 2020.  The results for the second quarter of 2020 include: (1) severance expense of $2.2 million, or $0.16 per basic share, related to the Company’s ongoing cost reduction efforts; (2) restructuring expenses of $0.7 million, or $0.05 per basic share, related to the Company’s debt restructuring completed in the first quarter of 2020; (3) gains on the sale of assets of $0.6 million, or $0.04 per basic share; and (4) share-based compensation expense of $0.3 million,...