Day: October 19, 2020

Acquires partner’s 50% interest in the Castaños, Mexico joint ventureAnnounces recapitalization plan to bolster balance sheet, expand Castaños, Mexico manufacturing operation, and support future growthCHICAGO, Oct. 19, 2020 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”) announced the final strategic steps to reposition its business for long-term growth.Highlights:Completed transaction and now owns 100% of its new Castaños, Mexico manufacturing operation (“Castaños”), where all future railcar manufacturing is expected to be based by February 2021Enters into new $40 million secured term loan agreement with a global investment management firm (“Lender”), with funding subject to the satisfaction of certain conditions, to strengthen balance sheet and drive its growth strategyWill welcome...

Pretax income of $5.9 millionNet income of $3.8 million, or $0.16 per diluted shareNew contract purchases of $174 millionLAS VEGAS, NV, Oct. 19, 2020 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $3.8 million, or $0.16 per diluted share, for its third quarter ended September 30, 2020. This compares to net income of $1.8 million, or $0.08 per diluted share, in the third quarter of 2019.Revenues for the third quarter of 2020 were $70.7 million, a decrease of $14.9 million, or 17.4%, compared to $85.5 million for the third quarter of 2019. Total operating expenses for the third quarter of 2020 were $64.8 million compared to $82.7 million for the 2019 period for a decrease of $17.9 million, or 21.7%.   Pretax income for the third quarter of 2020 was $5.9 million...

ELMIRA, N.Y., Oct. 19, 2020 (GLOBE NEWSWIRE) — Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2020, compared to $2.0 million, or $0.40 per share, for the third quarter of 2019.“We are pleased to report another strong quarter with third quarter earnings of $1.19 per share,” according to Anders M. Tomson, President and CEO of Chemung Financial Corporation. “Third quarter results included a 4.8% increase in net interest income and a 1.2% reduction in non-interest expenses, when compared to the third quarter of last year. Our efficiency ratio continued to improve throughout the year as did our non-interest expense to average assets ratio reinforcing...

HOUSTON, Oct. 19, 2020 (GLOBE NEWSWIRE) — Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2020 third quarter results on Tuesday, October 27, 2020 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Wednesday, October 28, 2020 at 9:30 a.m. central time.What: Carriage Services Third Quarter 2020 Earnings Conference CallWhen: Wednesday, October 28, 2020 – 9:30 a.m. central timeHow: Live via phone – By dialing 866-516-3867 (conference ID 2488228) or live over the Internet by logging on to the Company’s website at www.carriageservices.com.An audio archive of the call will be available either by phone until November 02, 2020, by dialing toll-free 855-859-2056 (conference ID 2488228) or on the Company’s...

TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) — Personas Social Incorporated (TSX.V: PRSN) (OTCQB: PKSLF) (the “Company”) is pleased to provide an update on its Personas.com video-conferencing service.The Company operates two services, Peeks Social and Personas.com. Launched in October 2016, Peeks Social is an ecommerce enabled live-streaming platform that allows streamers to interact and transact with a global audience. Personas.com is a feature rich low-cost video conferencing platform. The company continues to develop and promote both of these services.The Company is near completion of three Personas.com video conferencing monetization services; Paid Invites, Subscriptions, and Lobby Advertising. The Paid Invites service allows users of Personas.com to charge invitees to attend online video conferences or seminars. This service is...

LEXINGTON, Mass. and SAN DIEGO, Oct. 19, 2020 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, and Sepsis Alliance, the first and leading sepsis nonprofit in the U.S., announced today that T2 Biosystems’ President and CEO, John Sperzel, will serve as a member of the Advisory Board for Sepsis Alliance, effective immediately. Sepsis Alliance works in all 50 states to save lives and reduce suffering from sepsis by improving sepsis awareness and care.Sperzel will serve on the Industry Council of the Advisory Board. The Industry Council was created to harness the collective expertise, resources and relationships of health industry leaders to improve sepsis awareness and care. Council members advise on Sepsis Alliance’s industry partnership strategy to maximize reach, engagement...

NEWTOWN, Pa., Oct. 19, 2020 (GLOBE NEWSWIRE) — Helius Medical Technologies, Inc. (Nasdaq:HSDT) (TSX:HSM) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, today announced that it has received a request for additional information from the U.S. Food and Drug Administration (the “FDA” or “Agency”) related to the Company’s request for de novo classification and clearance of the Portable Neuromodulation Stimulator (PoNS™) device as a potential treatment for gait deficit due to symptoms of Multiple Sclerosis (“MS”), to be used as an adjunct to a supervised therapeutic exercise program in patients over 18 years of age.During the substantive review phase of a request for de novo classification and clearance, FDA may request additional information in order to obtain information necessary for the Agency to...

NEW YORK, Oct. 19, 2020 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) announced today that each company has obtained stockholder approval for the previously announced proposed merger of the two companies (the “Merger”) at their respective special meetings held on October 19, 2020.Stockholders voted overwhelmingly in favor of the proposed transaction as over 95% of PTMN stockholders and almost 99% of GARS stockholders who voted at the meetings voted in favor of the Merger. The closing of the Merger is anticipated to take place on or about October 28, 2020, subject to satisfaction of customary closing conditions.Ted Goldthorpe, CEO of PTMN, stated, “We would like to thank our stockholders for their strong support and approval of the merger....

SEATTLE, Oct. 19, 2020 (GLOBE NEWSWIRE) — Accolade, Inc. (“Accolade”), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits, today announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed public offering of 4,500,000 shares of its common stock. In addition, Accolade expects to grant the underwriters a 30-day option to purchase up to 675,000 additional shares of its common stock at the public offering price, less the underwriting discount. The public offering price has not yet been determined. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size...