Day: August 14, 2020

Net Loss of $851,000 in 2020 Versus Net Income of $278,000 in 2019New York, Aug. 14, 2020 (GLOBE NEWSWIRE) — Saker Aviation Services, Inc. (OTCQB: SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the six months ended June 30, 2020.Revenue in the six months ended June 30, 2020 of $2,112,387, was down 59.7 percent from $5,235,369 in the six months ended June 30, 2019.  Net loss in the six months ended June 30, 2020 of $851,075, was down $1,129,600 as compared to net income of $278,525 in the same period in 2019. “As reported earlier, the driving factor behind the adverse year-over-year comparison is impact of the COVID-19 pandemic.” stated Ron Ricciardi, the Company’s president & CEO.  “Both of our operations were deemed essential...

AURORA, Ill., Aug. 14, 2020 (GLOBE NEWSWIRE) — CORRECTION by Westell Technologies, Inc. (NASDAQ: WSTL) The average number of common shares outstanding for the period ended June 30, 2020 in the non-GAAP table, which is reported in thousands, on the last page of the release should be 15,665 (instead of 16,655). The corrected release reads:Westell Reports Fiscal 2021 First Quarter ResultsSequential quarterly revenue growth of 18% with improved gross margins and lower expense structure improved loss per share 71%AURORA, Ill., Aug. 14, 2020 — Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of high-performance network infrastructure solutions, today announced results for its fiscal 2021 first quarter ended June 30, 2020 (FY21 1Q).  As previously announced, in light of the ongoing proposed reverse/forward split transaction,...

HOUSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its second quarter earnings release schedule.Second Quarter 2020 Earnings Release ScheduleIn anticipation of delays expected in finalizing its earnings for the second quarter due to its work-from-home strategy related to COVID-19 and related matters, the Company timely filed a Form 12b-25 extension for filing its Quarterly Report on Form 10-Q for the second quarter of 2020.  The Company currently plans to release its second quarter 2020 earnings prior to the market opening on Wednesday, August 19, 2020, and will host a conference call with investors immediately following the release.Teleconference CallContango management will hold a conference call to discuss the information described in this...

TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — 12 Exploration Inc. (CSE: TWLV) is pleased to announce it has changed its name to 79North Inc. (“79North” or the “Company”). The Company’s common shares are expected to commence trading on the Canadian Securities Exchange under a new symbol (“JQ”) at the opening of trading on August 19, 2020. About 79North79North is led by a team with extensive mineral exploration expertise and a track record of discoveries and exits in South America and globally. 79North currently holds an indirect interest in mineral concessions in northern Suriname (formerly Dutch Guiana), and aims to become the premier junior exploration company in this underexplored district of the prolific Guiana Shield. The Company’s strategically located land package is located in close proximity to both the Merian Gold Mine of Newmont...

MONTREAL, Aug. 14, 2020 (GLOBE NEWSWIRE) — OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX Venture Exchange: OOR), announces the grant under the Company’s stock option plan of 4,350,000 stock options to its directors, management team and consultants. The stock options entitle their holders to purchase the same number of common shares of the Company at a price of $0.10 per share for a period of 5 years ending on August 12, 2025 (the “Options”).The Company’s directors were granted 2,350,000 Options, and two consultants of the Company were granted 2,000,000 Options.Reminder: Annual and Special General Meeting of ShareholdersThe Company would also like to remind its shareholders (the “Shareholders”) that its annual and special general meeting (the “Meeting”) will be held on August 27, 2020 at 1:00 PM, solely by means of...

TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Bunker Hill Mining Corporation (the “Company”) (CSE:  BNKR) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its previously announced brokered best efforts equity private placement of up to 58,285,714 units of the Company (“Units”) at C$0.35 per Unit for up to C$20,400,000 in gross proceeds (the “Offering”) (see Company’s news releases of July 27, 2020, August 4, 2020 and August 10, 2020). Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to acquire one Common Share at a price of C$0.50 per Common Share until August 31, 2023.  The First Tranche consisted of the sale of 35,212,142 Units for gross proceeds of $12,869,550. The Offering was led...

TUCSON, Ariz., Aug. 14, 2020 (GLOBE NEWSWIRE) — HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a life science company whose mission is to advance precision medicine, today provided an update regarding its patent infringement claims against BioSpyder Technologies, Inc (BioSpyder). On August 13, 2020, BioSpyder filed a lawsuit seeking a declaration that it does not infringe HTG’s U.S. Patent No. 8,741,564 (the ’564 patent). In several previous communications between the companies, HTG had asserted its claims that BioSpyder’s TempO-Seq® gene expression tool infringes the ‘564 patent. “We believe our patents are strong, and we intend to vigorously enforce them just as any other IP-centric company would do,” said John L. Lubniewski, President and CEO of HTG. “We had previously offered the possibility of arriving at a negotiated...

HUNTINGTON BEACH, Calif., Aug. 14, 2020 (GLOBE NEWSWIRE) — BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced today that it has elected to offer a virtual meeting format, via webcast, for its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) due to continuing concerns related to the COVID-19 pandemic.    The Annual Meeting date and time have not been changed and will take place on Wednesday, September 2, 2020 at 9:00 a.m. Pacific Daylight Time. However, in light of health and safety concerns, as well as restrictions under California state and applicable local laws pertaining to the COVID-19 pandemic, the Company will not be able to allow shareholders to physically attend the meeting and attendance will be limited to selected members of its executive team, Gerald (“Jerry”) Deitchle, Chairman of the Board, and, possibly some...

TITUSVILLE, Fla., Aug. 14, 2020 (GLOBE NEWSWIRE) — The Apple Rush Company, Inc. (OTC PINK: APRU) (the “company”) is proud to update its loyal shareholders with a letter to shareholders.   Tony Torgerud, CEO of Apple Rush, said, “The Apple Rush Company, Inc. is continuing to grow and our commitment to our shareholders is unwavering. We have instituted many initiatives over the last few months in order to make sure the company would remain on solid ground.  Our conversion to bottling hand sanitizer was successful and we have everything in place should we need to continue.  APRU has produced a second batch of Element C and sales have been solid for the brand.  Our product development of additional Kratom beverages and products is going smoothly and we will be announcing several new private label market entries.  These new innovative...

BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) — LogMeIn, Inc. (“LogMeIn” or the “Company”) and Logan Merger Sub, Inc. (the “Issuer”), controlled by affiliates of Francisco Partners, L.P. (“Francisco Partners”), today announced that the Issuer has priced an offering of $950 million in aggregate principal amount of its 5.50% Senior Secured Notes due 2027 (the “Notes”). The Notes were priced at 100% of par. The offering was upsized to $950 million from the previously announced offering size of $750 million. The sale of the Notes is expected to be completed on August 31, 2020, and is anticipated to close concurrently with the closing of the previously announced Acquisition (as defined below), each subject to customary closing conditions.The net proceeds from the offering of the Notes, together with other financing sources, will be used to...