Day: August 14, 2020

CRANFORD, N.J., Aug. 14, 2020 (GLOBE NEWSWIRE) — Enzon Pharmaceuticals, Inc. (the “Company” or “Enzon”) (OTC:ENZN) today announced that its Board of Directors (the “Board”) adopted a tax benefits preservation plan (the “Section 382 Rights Plan”) designed to protect the availability of Enzon’s net operating loss carryforwards (“NOLs”) under the Internal Revenue Code (the “Code”).As of December 31, 2019, Enzon had U.S. federal and state NOLs and tax credits, including approximately $101 million of U.S. federal NOLs, which may be available to offset its future taxable income. Enzon’s ability to use these NOLs would be substantially limited if it experienced an “ownership change” within the meaning of Section 382 of the Code. In general, an ownership change would occur if Enzon’s stockholders who are deemed to be owners of 5% or more...

NEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) — XpresSpa Group, Inc. (Nasdaq: XSPA) (“XpresSpa” or the “Company”), a health and wellness company, today announced that it will provide a business update and report its second quarter 2020 financial results on Wednesday, August 19, 2020 after the market close. The announcement will be followed by a conference call and webcast at 5:00 p.m. Eastern Time.The conference call can be accessed live by dialing 1-201-689-8263. The live and later archived webcast can be accessed from the Investor Relations section of the Company’s website at http://xpresspagroup.com. Visitors to the website should select the “Investors” tab and navigate to the “Events” link to access the webcast.About XpresSpa Group, Inc.XpresSpa Group, Inc. (Nasdaq: XSPA) is a leading global health and wellness holding company. XpresSpa...

MIAMI, FL, Aug. 14, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE ‒ Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, is pleased to announce that the Company has scheduled an investor conference call at 4:30 PM ET on Monday, August 17th, 2020.In addition, interested parties can submit questions concerning the Company prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: ssmith@smallcapvoice.com by 3:00 PM EST on Monday, August 17th, 2020. Mr. Smith will compile a list of questions and submit them to the Company for consideration prior to the conference call.To access the call:Dial-In Number: 1-857-232-0157 Access Code: 422095For those unable to participate in the live conference call, a replay will be available at https://www.smallcapvoice.com/tag/rxmd/ shortly after the...

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTIONTO U.S. WIRE SERVICESTORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Partners Value Investments LP (the “Partnership”, TSXV: PVF.UN and PVF.PR.U) and its subsidiary, Partners Value Investments Inc. (the “Issuer” and together with the Partnership, the “Companies”, TSXV: PVF.WT), announced today that the Issuer has agreed to issue CDN$150 million of senior unsecured notes due 2027 (the “Notes”). The Notes will bear interest at a rate of 4.375% per annum, payable semi-annually and will mature on November 15, 2027. The net proceeds from the sale of the Notes will be used for general corporate purposes. The offering is expected to close on or about August 21, 2020, subject to customary closing conditions.The Notes will be sold on a private placement basis to accredited investors...

HAMILTON, Bermuda, Aug. 14, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (in liquidation) (OTC:BCRHF) (the “Company”), a Bermuda holding company, today announced the notification of an aggregate catastrophe loss related to 2017 catastrophe events.  The Company, through its operating subsidiaries, previously offered collateralized reinsurance in the property catastrophe market and invested in various insurance-linked securities.  The Company is currently winding up its operations and is in liquidation.In August 2020, ISO’s Property Claims Service revised upwards their industry loss estimate for Hurricane Irma, which occurred in 2017.  The increase in the Hurricane Irma industry loss estimate, when aggregated with other 2017 loss events, triggered an Industry Loss Warranty (“ILW”) issued by the Company...

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICESTORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Partners Value Investments LP (the “Partnership”, TSXV: PVF.UN and PVF.PR.U) and its subsidiary, Partners Value Investments Inc. (the “Issuer” and together with the Partnership, the “Companies”, TSXV: PVF.WT), announced today that the Issuer has agreed to issue CDN$150 million of senior unsecured notes due 2027 (the “Notes”). The Notes will bear interest at a rate of 4.375% per annum, payable semi-annually and will mature on November 15, 2027. The net proceeds from the sale of the Notes will be used for general corporate purposes. The offering is expected to close on or about August 21, 2020, subject to customary closing conditions.The Notes will be sold on a private placement basis to accredited investors...

DALLAS, Aug. 14, 2020 (GLOBE NEWSWIRE) — P10 Holdings, Inc. (OTC:PIOE) has released their Second Quarter 2020 Report to Stockholders.  This report can be found at www.p10holdings.com under the Quarterly Results section of the Investor Relations page.About P10 HoldingsP10 Holdings is an alternative asset management investment firm located in Dallas, Texas.  The firm’s purpose is to create long-term value for P10 Holdings shareholders by providing superior risk-adjusted returns to its Limited Partners through private equity funds, funds-of-funds, secondary funds, and co-investment funds, as well as private credit solutions provided by its subsidiaries, RCP Advisors (www.rcpadvisors.com) and Five Points Capital (www.fivepointscapital.com).  The firm intends to provide additional investment vehicles in other areas of alternative asset...

LONGVIEW, Texas, Aug. 14, 2020 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) –The Company announced today its results of operations for the first quarter. For the quarter ended June 30, 2020 (the “2020 quarter”), the Company recorded a net loss of $858,862 ($0.12 diluted loss per share) on net sales of $23,524,600 compared to net earnings of $194,772 ($0.03 diluted earnings per share) on net sales of $40,975,320 for the quarter ended June 30, 2019 (the “2019 quarter”).The Company’s operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by declining hot-rolled steel prices but the 2020 quarter was impacted additionally by a decline in volume primarily related to impacts of the COVID-19 pandemic.COIL SEGMENT OPERATIONSCoil segment sales for the...

SHOUGUANG, China, Aug. 14, 2020 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its unaudited financial results for the second quarter ended June 30, 2020 and provided a business update for shareholders.The Company believes the second quarter of 2020 was a transformative period for Gulf Resources. While our revenues were small and we sustained a loss during the second quarter of 2020, we believe the following recent events are positive to our business, including:We commenced commercial production in factories #1 and #7 on April 3, 2020 and factories #4 and #9 on May 6 2020.We received an approval to begin construction of our new chemical factory and commenced...

MIAMI, FL, Aug. 14, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, today announced that Shital Parikh Mars, Chief Executive Officer (“CEO”) and member of the Board of Directors (the “Board”), notified the Board of Directors of her resignation from such positions on August 10, 2020, to pursue other opportunities. The Board accepted the resignation on August 13, 2020.Alan Jay Weisberg, Chairman of the Board, commented, “We extend our gratitude to Shital for her leadership of the Company during these challenging times. Shital has played a critical role in the Company’s overall performance and recent development of its healthcare technology services. We wish Shital all the best in her future endeavors.”Cautionary...