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Month: December 2020

Fortress Transportation and Infrastructure Investors LLC Announces Tender Offer for 6.75% Senior Notes Due 2022

NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) announced today that it has commenced a cash tender offer to purchase up to $300 million of its 6.75% senior notes due 2022 (the “Notes”).Information related to the Notes and the tender offer is set forth in the table below.

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OptimizeRx CEO, William Febbo, to Speak at Bank of America 4th Annual HCIT and Digital Health Symposium Today, December 9, 2020

ROCHESTER, Mich., Dec. 09, 2020 (GLOBE NEWSWIRE) — OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies, physicians and patients, has been invited to participate at the Bank of America 4th Annual HCIT and Digital Health Symposium on December 9-10.OptimizeRx CEO William Febbo will be a speaker on the panel, “Trends in Tech-Enabled Rx Supply Chain.” The panel will be moderated by Rajat Bhatia, a Director in Global Healthcare Investment Banking at BofA Securities, and Justin Walter, Head of Healthcare Services Investment Banking at BofA Securities.Event attendees will include healthcare-focused Bank of America corporate and commercial clients, executives from healthcare services and digital health companies, as well as private equity, venture capital and crossover equity investors.About...

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Ebix named as a Dominant Technology Provider by Novarica in the Latest Life/Health and Annuity New Business and Underwriting Report

JOHNS CREEK, Ga., Dec. 09, 2020 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that Ebix was named in the “Dominant Provider” category in the just released Life/Health and Annuity New Business and Underwriting Navigator Report conducted by Novarica. The report profiled 16 of the insurance industry’s technology solution providers in this critical space where the applicant or agent first interact with an insurance company.Rob McIsaac, FLMI, LLIF, EVP at Novarica said: “New Business and Underwriting systems tend to be mission critical for carriers. They are the lifeline for processing and onboarding new customers. Turnaround Time, Accuracy, and Quality are absolutely critical...

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Appreciated Media Announces Director Resignation

VANCOUVER, British Columbia, Dec. 09, 2020 (GLOBE NEWSWIRE) — Appreciated Media Holdings Inc. (“Appreciated Media” or the “Corporation“) (TSXV: AMH) (OTCQB: AMEFF) announces that Stephen Brown has resigned as a director of the Company. Stephen has been with the Company since March, 2020, and the Company thanks him for his assistances and wishes him the best in his future endeavors.In connection with Mr. Brown’s departure, the Company has agreed to return to Brown’s holding company assets acquired by the Company in May 2020. Moreover, Mr. Brown has agreed to (i) surrender for cancellation 425,000 common shares in the capital of the Company and 200,000 stock options, (ii) forgive and release approximately $1,000,000 owed by the Company to Brown and (iii) assist and guarantee the repayment of $150,000 owing by...

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The Lovesac Company Announces Third Quarter Fiscal 2021 Financial Results

Third Quarter Net Sales Growth of 43.5%; Comparable Sales Growth of 53.5%Net Income Increases to $2.5 million from ($6.7) million in Third Quarter Fiscal 2021Adjusted EBITDA Increases to $6.0 million from ($3.7) million in Third Quarter Fiscal 2021STAMFORD, Conn., Dec. 09, 2020 (GLOBE NEWSWIRE) — The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”) today announced its financial results for the third quarter of fiscal 2021, which ended November 1, 2020.Shawn Nelson, Chief Executive Officer, stated, “Lovesac’s third quarter results exceeded our expectations on the top and bottom line, a strong affirmation that we continue to successfully navigate marketplace challenges. Highlights include strong topline growth of 43.5%, a total comparable sales increase of 53.5%, gross margin expansion of 487 bps and Adjusted EBITDA1 of $6.0...

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PV Nano Cell Introduces 7 New Digital Conductive Inks for Solar, Ceramic, Glass, LIFT and General-Purpose High Growth Applications

MIGDAL HA’EMEK, Israel, Dec. 09, 2020 (GLOBE NEWSWIRE) — PV Nano Cell Ltd. (OTC: PVNNF), (the “Company”), an innovative provider of inkjet-based conductive digital printing solutions and producer of conductive digital inks, today announced that it is introducing additional digital conductive inks meant for Solar, Ceramic, Glass, LIFT and Generic Applications. The newly introduced inks are meant for the following digital conductive printing technologies: inkjet, aerosol and Laser Induced Forward Transfer.PV Nano Cell is introducing and making public a total of 7 new digital conductive inks. 2 silver conductive inks for general purpose applications, 2 silver conductive inks with glass frits for solar, ceramic and glass application, 2 copper conductive inks and 1 new copper-based high-viscous ink for LIFT printing. The new inks cover...

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ZW Data Action Technologies Officially Opens Its First Live Streaming Platform

BEIJING, Dec. 09, 2020 (GLOBE NEWSWIRE) — ZW Data Action Technologies, Inc. (Nasdaq: CNET) (“ZW Data” or the “Company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, today announced the official opening of its first live streaming platform (the “Platform”) in Guangzhou, China.The Company selected Guangzhou, the hub of the economically vibrant Guangdong-Hong Kong-Macao Greater Bay Area, for the location of the Platform. The Platform boasts a 5,000-square-meter office that provides a powerful livestreaming channel. It features livestreaming ecommerce, ecommerce support service, influencer stream shopping, private traffic boosting, supply chain service, and supply chain finance. On its opening day, the Platform proudly welcomed its first tenant,...

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SAFE-T Announces Acquisition of Chi Cooked LLC

Accretive Acquisition of the Cloud-Based Global IP Proxy Services Provider Strengthens Position as One-Stop Shop for Proxy-Related Business SolutionsHERZLIYA, Israel , Dec. 09, 2020 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced that its wholly owned subsidiary, Safe-T USA Inc., acquired the entire equity interest in Chi Cooked LLC (“Chi Cooked”), a profitable U.S.-based company specializing in cloud-based global IP proxy services. The transaction is expected to be immediately accretive and will be funded with internal cash resources.Chi Cooked principally operates in the field of internet data center infrastructure and IP proxy services, serving thousands of monthly paying customers. According to unaudited financial...

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Brown & Brown, Inc. Announces the Asset Acquisition of Maj Companies Ltd. by Brown & Brown Dealer Services

DAYTONA BEACH, Fla., Dec. 09, 2020 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Sid Vance, the owner of MAJ Companies Ltd. (“MAJ”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of MAJ.For the past 30 years, MAJ Companies has been serving its dealer partners by providing best in class F&I product and sales training, aftermarket program and contract analysis and F&I performance management. Sid Vance will lead the MAJ team as part of Brown & Brown Dealer Services, which operates under the leadership of Mike Neal.Mike stated, “Sid and the MAJ team have been working together for over 30 years. That experience will enhance the continued growth of BBDS in Ohio and the Midwest. BBDS and MAJ will continue...

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Saga Pure Asa: Share Capital Increase Registered

Reference is made to the stock exchange notice from Saga Pure ASA (the “Company“) dated 30 November 2020 regarding completion of a private placement of 34,000,000 new shares in the Company, raising gross proceeds of NOK 54.4 million (the “Private Placement“).The share capital increase pertaining to the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The new registered share capital of the Company is NOK 3,741,498.31 divided by 374,149,831 shares, each with a par value of NOK 0.01.The new shares issued in the Private Placement will initially be issued on a separate ISIN, and will only be converted to the ordinary ISIN of the Company’s shares following approval and publication of a listing prospectus. The new shares issued in the Private Placement will be delivered...

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