Day: October 28, 2020

Third Quarter 2020 Net Income of $26.3 million — $0.85 per diluted share and Adjusted Net Operating Income of $17.4 million — $0.56 per diluted share 28% growth in Core E&S Gross Written Premium and 12.8% increase in Excess and Surplus Lines (“E&S”) renewal pricing, each versus the prior year quarter A combined ratio of 94.2% for the Group and 85.2% in the E&S segment An expense ratio of 24.8% for the quarter and 29.2% nine months year to date, significantly improved from 34.2% for the first quarter of this year Tangible Book Value per Share of $19.70, an increase of 7.1% from December 31, 2019 Year-to-date 2020 annualized Adjusted Net Operating Income Return on Average Tangible Equity of 11.9%PEMBROKE, Bermuda, Oct. 28, 2020 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River”...

VANCOUVER, British Columbia, Oct. 28, 2020 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce the results from its Annual General Meeting of shareholders held on October 28, 2020 in Vancouver, B.C.Resolutions tabled at the AGM as proposed in the Information Circular dated on September 28, 2020 include appointing Grant Thornton LLP as auditors and fixing the number of board members for the ensuring year at five, being Robert F. Baldock, Cathy Zhai, Zaidi Harun, Graham Dickson, and Michael John Kitney. Each resolution and each nominee of the board of directors have been approved by a vast majority of the shares voted.Robert Baldock, Chairman commented, “I would like to thank again our shareholders for their long-standing support as we progress towards 2021. Under...

NEWBURGH, N.Y., Oct. 28, 2020 (GLOBE NEWSWIRE) — ES Bancshares, Inc. (the “Company”) (OTC Pink: “ESBS”), the bank holding company for Empire State Bank (the “Bank”), today announced the completion of a private placement of $14.0 million of its 6.00% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited investors.The Notes have a maturity date of October 30, 2030 and initially bear interest, payable semi-annually in arrears, at a fixed annual rate of 6.00% per annum until October 30, 2025. Commencing on that date, the interest rate applicable to the outstanding principal amount due will be reset quarterly to an interest rate per annum equal to a benchmark rate, which is expected to be the three-month secured overnight financing rate (SOFR) plus 579 basis points,...

BRAINTREE, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) — Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that management will be presenting at the Baird Global Industrials Conference on Thursday, November 12, 2020 at 11:25 a.m. EDT.A live audio webcast of the presentation will be available in the Events & Presentations section of Altra’s investor relations website at https://ir.altramotion.com. A webcast replay will be available on the website following the live presentation.About Altra Industrial Motion Corp.Altra Industrial Motion Corp. is a premier industrial global manufacturer and supplier of highly engineered motion control, automation, power transmission, and engine braking systems and components. Altra’s...

KANSAS CITY, Mo., Oct. 28, 2020 (GLOBE NEWSWIRE) — Cerner Corporation (Nasdaq: CERN) today announced results for the 2020 third quarter that ended September 30, 2020.   The company also announced today that Marc Naughton, Executive Vice President and Chief Financial Officer (CFO), will be leaving the company in 2021. He expects to remain at Cerner during the search for his successor and to transition his responsibilities.The third quarter 2020 earnings release and announcement can be viewed here, as well as on the company’s website at https://investors.cerner.com/financial-releases.Cerner will host an earnings conference call to provide additional detail on the Company’s results and outlook at 3:30 p.m. CT on October 28, 2020. On the call, Cerner will discuss its third quarter 2020 results and answer questions from the investment...

Boca Raton, Florida, Oct. 28, 2020 (GLOBE NEWSWIRE) — Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced today that it has signed definitive documents to acquire three additional franchisee owned esports gaming centers in California and Washington. These gaming centers, combined with other acquisition targets previously announced, generated over $2,000,000 in combined revenues in 2019. The closing of these acquisitions gives Simplicity a total of nine corporate owned, and 20 franchisee owned gaming centers open and operational. 12 other franchisee owned gaming centers remain closed due to government imposed restrictions.Roman Franklin, President of Simplicity Esports, stated, “COVID-19 related social distancing and capacity restrictions have had a negative impact on traffics counts for some of our...

Victory Square Health Inc. (“VSH”) has opened a new sales & distribution channel to provide its Safetest Covid-19 Elisa and 15 Minute Rapid Testing Kits kits (“Safetest Kits”) across Greece, Cyprus, Romania, Bulgaria, Northern Macedonia, Serbia (together, the “Territories”).The Territories have seen nearly 350,000 Covid-19 cases and nearly 9,000 deaths from Covid-19 as of October 26, 2020 according to Worldometers.Safetest Kits can confirm whether one is currently infected with the virus causing Covid-19 or whether one was infected before and was unaware of the infection.On October 16, 2020, VSH received Conformité Européenne (CE) approval from relevant European Union authorities for the distribution, sale, and usage of Safetest Kits throughout the European Union.VANCOUVER, British Columbia, Oct. 28, 2020 (GLOBE NEWSWIRE) —...

LONDON, Oct. 28, 2020 (GLOBE NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT), der Anbieter von Multicloud-Lösungen, ermöglicht die cloud-native Servicebereitstellung von Basware auf der Public Cloud von Amazon Web Services (AWS). Basware, ein globaler Anbieter von Lösungen für Procure-to-Pay und elektronische Rechnungsstellung, hat seine Cloud-Technologie-Beziehung mit Rackspace Technology Anfang 2000 begonnen. Als Teil der Migration zu einer vollständigen AWS-Umgebung hat Rackspace Technology auch die Sicherheitsfunktionen von Basware weiterentwickelt.Basware und Rackspace Technology haben ein robustes, erstklassiges Automatisierungs-Framework entwickelt, das die Bereitstellung beschleunigt und den Teams bei der Betreuung ihrer Kunden kontinuierliche operative Verbesserungen bietet. Die Automatisierung eignet sich für viele operative...

MONTREAL, Oct. 28, 2020 (GLOBE NEWSWIRE) — MPV Exploration Inc. (“MPV” or the “Company“) is pleased to announce that further to its news releases dated July 2, 2020 and September 10, 2020 (the “Initial News Releases”), the Company has received conditional approval from the Canadian Securities Exchange (“CSE”) to list the Resulting Issuer Shares (as defined below) for trading pursuant to the amalgamation agreement (the “Amalgamation Agreement”) dated June 30, 2020 and amended October 9, 2020 with Entheon Biomedical Corp. (“Entheon”) and 1254912 B.C. Ltd. (“Subco”), whereby the Company will acquire all of the issued and outstanding securities of Entheon in exchange for shares of the Company (the “Transaction”).Furthermore, and in connection with the Transaction, the Company will be changing its name from “MPV...

MONTRÉAL, 28 oct. 2020 (GLOBE NEWSWIRE) — Exploration MPV Inc. (« MPV » ou la « Société ») est heureuse d’annoncer que suite à ses communiqués de presse datées du 2 juillet 2020 et du 10 septembre 2020 (les « communiqués de presse initiaux » ), la Société a reçu l’approbation conditionnelle de la Bourse des valeurs canadiennes (« CSE ») afin d’inscrire les actions de l’émetteur résultant (telles que définies ci-dessous) aux fins de négociation conformément à la convention de fusion (la « Convention de fusion ») datée du 30 juin 2020 et modifiée le 9 octobre 2020 entre Entheon Biomedical Corp. (« Entheon ») et 1254912 BC Ltd. (« Subco »), par laquelle la Société acquerra tous les titres émis et en circulation d’Entheon en échange d’actions de la Société (la « Transaction »).De plus et dans le cadre de la Transaction,...