Month: August 2020

Second quarter net income of $165 thousand increased by 45% over Q1 profit of $114 thousandCall centre maintains high service levels through COVID-19Delinquent accounts declined by 8% from March 31Further reduction in corporate overheads to less than $1 million per monthCash balance of $8.8 million as of June 30 (March 31, 2020 – $4.7 million)Originations rebounding stronglyTORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE: DLS), reported today its financial results for the quarter ended June 30, 2020. All results are reported under International Financial Reporting Standards (“IFRS”) and in Canadian dollars, unless otherwise specified.Net income of $279 thousand in the first half of 2020, an increase of $1.5 million over the results from...

CALGARY, Alberta, Aug. 14, 2020 (GLOBE NEWSWIRE) — Cequence is relying on exemptive relief granted by Canadian securities regulatory authorities in light of the COVID-19 pandemic (the “Exemptive Relief”) that allows it to delay the filing of its interim financial report for the interim period ended June 30, 2020 as required by section 4.4 of National Instrument 51-102 and related management’s discussion & analysis as required by subsection 5.1(2) of National Instrument 51-102 (collectively, the “Q2 Filings”). Until such time as these filings are made, Cequence’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Except as previously announced by Cequence...

Oxford, Connecticut, Aug. 14, 2020 (GLOBE NEWSWIRE) — Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company”), a provider of healthcare devices and services, announces results for the six and three months ended June 30, 2020.Financial Highlights and results from the second quarter included:Revenue for the six and three months ended June 30, 2020 was approximately $6.2 million and $2.5 million, respectively, down significantly in both periods as compared to the same 2019 periods.Gross profit for the six and three months ended June 30, 2020 was approximately $4.6 million and $1.8 million, respectively compared to approximately $6.6 million and $3.4 million for the same 2019 periods.Operating expenses for the six and three months ended June 30, 2020 were approximately $3.7 million and $1.9 million, respectively compared to $5.5 million and $2.8...

STRATHROY, Ontario, Aug. 14, 2020 (GLOBE NEWSWIRE) — Eve & Co Incorporated (the “Company” or “Eve & Co”) (TSX-V: EVE; OTCQX: EEVVF) is pleased to announce its financial results for the three and six months ended June 30, 2020. The financial statements and management’s discussion and analysis for such period are available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and on Eve & Co’s website at www.evecannabis.ca.ABOUT EVE & COEve & Co, through its wholly-owned subsidiary Natural MedCo Ltd. (“NMC”), holds cultivation and processing licences under the Cannabis Act (Canada) for the production and sale of various cannabis products, including dried cannabis, cannabis plants and extraction of cannabis oil and has received EU GMP certification. NMC was...

BEVERLY HILLS, Calif., Aug. 14, 2020 (GLOBE NEWSWIRE) — Genius Brands International, Inc. (“Genius Brands” or the “Company”) (NASDAQ:GNUS), the global brand management company that creates and licenses multimedia entertainment content for children, today filed its 10-Q for the quarterly period ended June 30, 2020. The filing is available at: https://ir.gnusbrands.com/all-sec-filings.Genius Brands Chairman & CEO Andy Heyward said:“The Second Quarter of 2020 brought with it many exciting and pivotal developments at Genius Brands.We launched Kartoon Channel! and announced with it the appointment of two of Hollywood’s most accomplished and proven executives, Margaret Loesch as Executive Chairman and David Neuman as Chief Content Officer. The channel launched June 15th with notable shows like Angry Birds, Baby Einstein, Minecraft...

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...