Month: August 2020

CARLSBAD, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (“Acutus”) (NASDAQ: AFIB) today announced the pricing of its initial public offering of 8,823,529 shares of its common stock at a price to the public of $18.00 per share. All of the shares are being offered by Acutus. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Acutus, are expected to be approximately $158.8 million. The shares are expected to begin trading on The Nasdaq Global Select Market on August 6, 2020, under the symbol “AFIB.” The offering is expected to close on August 10, 2020, subject to the satisfaction of customary closing conditions. In addition, Acutus has granted the underwriters a 30-day option to purchase up to an additional 1,323,529 shares of Acutus’ common...

REGINA, Saskatchewan, Aug. 05, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the second quarter ended June 30, 2020. 2020 Second Quarter HighlightsRevenue was $31.0 million, a decrease of $3.3 million or 9.5 per cent compared to the second quarter of 2019.Net income was $4.5 million or $0.26 per basic and diluted share compared to $5.8 million or $0.33 per basic and diluted share in the second quarter of 2019.  The decrease is due to lower revenue in Registry Operations and Services.EBITDA (earnings before interest, taxes, depreciation and amortization expense) was $9.2 million compared to $10.8 million in the same quarter last year, a decrease of $1.6 million or 14.8 per cent.The EBITDA margin for the second quarter of 2020 was 29.5...

REGINA, Saskatchewan, Aug. 05, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC®” or the “Company”) announced today that it has agreed with its lenders to expand its secured credit facility (the “Credit Facility”) to CAD$150 million. Jeff Stusek, President & CEO of ISC commented, “We are extremely pleased to have concluded this new Credit Facility agreement, which provides us with greater flexibility and strengthens our financial position.”The aggregate amount which will be available under the new Credit Facility will be $150.0 million, up from $80 million and will be for a term of 2 years, effective August 5, 2020.  As of the effective date, the amount of $76.5 million was drawn under the Credit Facility, in order to re-finance amounts under the previous facilities, including the recent...

Cash from operations of $28.8 million up 122% and Free cash flow of $25.5 million, up 284%, from the year ago quarterDebt repayment of $18.8 million, a quarterly record, with Total debt of $239.4 millionGross Profit Margin expands to 33.1%, highest quarterly level in over five years Selling, General & Administrative Expense down 10.3% from the year ago quarter PRINCETON JUNCTION, N.J., Aug. 05, 2020 (GLOBE NEWSWIRE) — Mistras Group, Inc. (MG: NYSE), a leading “one source” global provider of technology-enabled asset protection solutions, reported financial results for its second quarter ended June 30, 2020.Highlights of the Second Quarter 2020*Revenue of $124.4 million, a decrease of 38% as anticipatedCash from operations of $28.8 million, an increase of 122%Free cash flow of $25.5 million, an increase of 284%Capital expenditures...

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) — Weyland Tech, Inc. (OTCQX: WEYL), a leading global provider of eCommerce, mCommerce, and fintech business enablement solutions, has partnered with ShopeePay, the mobile e-wallet platform of Sea Limited (NYSE: SE), to launch a marketing campaign for Weyland’s fast-growing AtozGo™ food delivery service in Jakarta.As recently announced, the partnership between ShopeePay will offer the AtozGo food and grocery delivery service to its large and growing fintech user base in Jakarta, Indonesia. Access to the AtozGo delivery service is being integrated into ShopeePay, allowing users to transact AtozGo orders within the mobile app. Through this integration, AtozGo will gain access to the hundreds of thousands of merchants and millions of users already on the ShopeePay platform.The AtozGo integration...

CALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) — New Millennium Iron Corp. (the “Company” or “NML”) (TSX: NML) is pleased to announce that it has arrived at an agreement with TS Global Minerals Holdings Pte. Ltd. (“TSGMH”), Tata Steel Minerals Canada Ltd. (“TSMC”) and TSMUK LTD (“TSMUK”, and together with TSGMH and TSMC, the “Tata Steel Group”) to reorganize their relationship (the “Reorganization”).Pursuant to a reorganization agreement dated August 5, 2020 (the “Reorganization Agreement”), the Company and the Tata Steel Group have agreed to complete the Reorganization as follows:NML will sell and transfer its 4.32% interest in TSMC to TSMUK, representing its entire interest, or undertake a similar transaction with a similar effect;NML will purchase for cancellation the 47,402,908 common shares of NML held by TSGMH, representing...

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) — In the wake of Tropical Storm Isaias, while millions of customers are without power throughout the Northeast, Verizon’s network team is working tirelessly around the clock to ensure continued reliable service for customers and first responders. With the exception of a few pockets which were hit extremely hard by the storm, including Long Island, NY and portions of Connecticut, more than 98% of Verizon’s network in impacted areas remains fully operational.“Our teams are working hard to keep our network up and running for our customers in the aftermath of the storm,” said Kyle Malady, chief technology officer at Verizon. “Our network is performing very well, despite the significant loss of commercial power.”Restoration crews are already in place assessing damage. ...

CHICAGO, Aug. 05, 2020 (GLOBE NEWSWIRE) — GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace, announced that the company will release its financial results for the second quarter of fiscal 2020 on August 19, 2020 after 4:00 p.m. (ET), followed by a conference call/live audio webcast to discuss the results at 5:00 p.m. (ET). A live audio webcast of the conference call will be available via GoHealth’s website, www.gohealth.com, through the Investor Relations link. A digital audio recording of the conference call will be made available following the conference call. Interested parties are also invited to join the conference call by dialing 833-519-1310 and conference ID 9537505. The company suggests that participants dial-in approximately ten minutes in advance of the 5:00 p.m. (ET) start time.About GoHealth:As...

SPRINGFIELD, Ill., Aug. 05, 2020 (GLOBE NEWSWIRE) — Town and Country Financial Corporation (the “Company”) (OTC Pink: TWCF) today announced financial results for the second quarter of 2020.Key highlights included:Profit was $1.1 million in the second quarter of 2020, after a $1.25 million valuation adjustment in mortgage servicing rights and $2 million in provisions for loan losses.Deposits, excluding brokered deposits, increased over $100 million (17%) year-over-year.Commercial loans increased over $85 million (18%) year-over-year, including $44.8 million in Paycheck Protection Plan (“PPP”) loans.Mortgage banking fees increased by $983,000 (54%) in the second quarter of 2020 compared to the second quarter of 2019.In announcing the results, President and Chief Executive Officer, Micah R. Bartlett, stated, “I am extremely proud of...

DENVER, Aug. 05, 2020 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services, announced that management will participate in the following investor conferences in August and September 2020:Lytham Partners Virtual Investor Growth Conference on August 19-21, 2020. Management will be participating in virtual one-on-one meetings with institutional investors. To arrange a meeting, please contact Adam Lowensteiner of Lytham Partners at lowensteiner@lythampartners.com or visit www.lythampartners.com/virtual.LD Micro 500 Virtual Investor Conference on September 1-4, 2020. More than 350 participating companies will provide updates to investors. Assure’s executive chairman and CEO John Farlinger is scheduled to present on September 1st at 12:20 p.m....