Month: August 2020

Card Processing, PayFac, Prepaid all Show Growth in the Quarter, with Prepaid Tripling over last several monthsBalance Sheet StrengthensSAN ANTONIO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Usio, Inc. (Nasdaq: USIO), an integrated electronic payment solutions provider, today announced financial results for the second quarter of 2020, which ended June 30, 2020.“We are entering the second half of 2020 in a strong position, as our business model has proven its resilience in one of the worst economic quarters in recent memory,” commented Louis Hoch, President and Chief Executive Officer of Usio. “Our Card Processing and Prepaid business revenues were up 4% and 58%, respectively in the quarter and as compared to the same period of 2019, reflecting the continued strong demand for our innovative payment solutions.  The performance of these...

Not for distribution to U.S. News wire services or dissemination in the U.S.VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended June 30, 2020 (the “quarter”) and for the six months ended June 30, 2020 (“YTD”).HIGHLIGHTSRoyalty Pool sales down 87.9% to $18.2M for the quarter and down 49.2% to $160.9M YTDKRL system sales down 87.9% to $18.8M for the quarter and down 49.7% to $162.9M YTDDistributable cash down 71.2% to 8.1 cents/Fund unit for the quarter and 28.2% to 44.7 cents/Fund unit YTDPayout ratio was 128.9% for the quarter and 86.9% YTDRoyalty Pool Sales reported by the 105 Keg restaurants in the Royalty Pool were $18,194,000 for the quarter, a decrease of $132,537,000 or 87.9% from the comparable...

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...