Month: August 2020

RALEIGH, N.C., Aug. 17, 2020 (GLOBE NEWSWIRE) — First Citizens Bank announced that its Entegra Bank division based in Franklin, N.C., has completed its conversion to First Citizens’ operations and systems. This conversion puts both banks on the same operational and technical systems and aligns customer accounts to First Citizens products and services.“With completion of this conversion, we look forward to further deepening our relationships with Entegra customers in these important markets for our company,” said Frank B. Holding Jr., chairman and CEO of First Citizens Bank. “They now have access to the full complement of First Citizens’ products. Our dedicated, local bankers stand ready to assist them and provide the high level of service they’ve come to expect.”Effective today (Aug. 17), 11 former Entegra division branches in Western...

Q2 HighlightsSales recovery during Q2 led to -39% sell-out growth and positive EBIT before restructuring costsStrong free cash flow in Q2 (DKK 943 million incl. lease payments). NIBD/EBITDA at 1.1Sell-out growth has continued to improve since April to around -10% in Q3 quarter-to-dateThe retail environment continues to be subject to uncertainty due to the COVID-19 development. Sell-out growth improvement has stalled in Q3 following new surges in COVID-19Since the outset of the COVID-19 outbreak, Pandora has initiated forceful initiatives to manage through the crisis in a socially responsible way. The initiatives have led to a very robust liquidity position, protected profitability as revenue declined and created a strong sales recovery throughout Q2 2020. During the re-opening phase, consumer interaction with the brand has been encouraging...

Citrine Global is currently trading as TechCare Corp. (TECR). Its name change to “Citrine Global Corp.” is expected to take effect soon.Tel Aviv, Israel, Aug. 17, 2020 (GLOBE NEWSWIRE) — Citrine Global (OTCQB: TECR) reports the company’s main business activities in Q2-Q3, 2020.Citrine Global business activity is comprised of creating value and implementing expansion strategies for growth-stage technology companies, offering multi-strategy solutions combining strategic marketing, business development, real estate and asset management services and financing solutions. Such wide spectrum of services is targeted at helping create an integrated strategy that supports our client companies in achieving their local and global expansion ambitions.Citrine Global plans to provide solutions to companies from USA, Canada, Europe,...

ST. LOUIS, Aug. 17, 2020 (GLOBE NEWSWIRE) — Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies, LLC, has been awarded a wastewater rehabilitation contract valued at $8 million in Southwest Texas.Insituform will rehabilitate more than 12,000 linear feet of existing sanitary sewer main utilizing trenchless technology, including 24-inch to 60-inch cured-in-place pipe (CIPP). The “no-dig” rehabilitation method reduces overall project costs and minimizes disruptions to residents. Crews will also perform bypass pumping, miscellaneous point repairs and associated manhole improvements.Charles R. Gordon, Aegion’s President and CEO, said, “We continue to be pleased with the strength of the bid table this year as the need for ongoing investment to repair aging wastewater pipelines remains critical....

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of August 2020 of US$0.0633 per unit. The distribution will be payable on September 15, 2020 to unitholders of record as of the close of business on August 31, 2020.Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information regarding U.S. withholding tax, please see the “Certain Canadian Federal Income Tax Considerations”, “Certain U.S. Federal Income Tax Considerations” sections of the REIT’s prospectus dated April 18, 2013, and “Risk...

OMAHA, Neb., Aug. 17, 2020 (GLOBE NEWSWIRE) — Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is honored to earn two 2020 Quest for Quality Awards from Logistics Management in the truckload-dry freight carriers and 3PL transportation management solutions categories. This marks the fourth consecutive year Werner has won the Quest for Quality Award, with a total of nine since 2012. Logistics Management’s Quest for Quality is the most significant measure of customer satisfaction and performance excellence in the logistics and transportation industry.“Safe, on-time delivery while providing outstanding customer service will always be our main objective,” said Vice Chairman, President and Chief Executive Officer Derek Leathers. “Despite difficulties during the COVID-19 pandemic, our team of associates...

MCLEAN, Va., Aug. 17, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates that are backed by multifamily loans sold to a third party and securitized by Freddie Mac. The company expects to issue approximately $465 million in K-I06 Certificates, which are expected to settle on or about August 25, 2020.K-I06 PricingCo-Lead Managers and Joint Bookrunners: J.P. Morgan Securities LLC and Amherst Pierpont Securities LLCCo-Managers: Stern Brothers & Co. and Wells Fargo Securities, LLCRelated LinksThe K-I06 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/ki06oc.pdfFreddie Mac Multifamily Investor Presentation Multifamily Securities Investor Access database of post-securitization data from Investor Reporting PackagesThe K-I06 Certificates...

Miami, Florida, Aug. 17, 2020 (GLOBE NEWSWIRE) — August 17th, 2020 – Blue Star Foods Corp. (OTC:BSFC), (“Blue Star”), a sustainable seafood company, announced last Wednesday, August 12th, its financial results for the quarter ended June 30th, 2020 (“Q2-2020”).Results of Operations – (Three months ended June 30, 2020 and 2019)Other Strategic & Operating Highlights (Three months ended June 30, 2020 and 2019)The Company’s Chairman and CEO, John Keeler stated, “While the last few months have been a difficult operating environment for the seafood industry, our focus remains the safety of our employees and being a stable and reliable partner to our suppliers and customers. Obviously, our revenues have been impacted by the uncertainty that many of our customers in the foodservice and cruise line industry face. We had the severe shutdown...

Basel, August 17, 2020 — Novartis welcomes the decision by the US District Court for the District of Delaware to uphold the validity of the Gilenya® (fingolimod) dosage regimen patent, as our intellectual property reflects the innovation and investment needed to invent and develop treatments that improve and extend people’s lives.The decision also holds that the generic fingolimod product proposed by HEC Pharm Co., Ltd. and HEC Pharm USA Inc. (“HEC”) in its Abbreviated New Drug Application (ANDA) will infringe the dosage regimen patent (US Patent No. 9,187,405). The decision is appealable to the US Court of Appeals for the Federal Circuit.This decision continues the injunction against the marketing and sale of this and other generics that was granted to Novartis in June 2019. The dosage regimen patent with the associated pediatric exclusivity...

CANTON, Mass., Aug. 17, 2020 (GLOBE NEWSWIRE) — Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big & tall men’s apparel, announced today it will release its second quarter 2020 financial results before the market opens on Thursday August 27, 2020. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results.To listen to the live webcast, visit the “Investor Relations” section of the Company’s website. The live call also can be accessed by dialing: (866) 680-2311. Please reference conference ID: 8157438. An archived version of the webcast will be available in the “Events” section of the Company’s...