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Year: 2020

Franchise Group, Inc. Completes the Acquisition of FFO Home

Over 30 FFO Home Stores to Rebrand to American Freight One-Stop-Shop Home Retailer American Freight Expands its National Footprint while Saving Local JobsORLANDO, Fla., Dec. 28, 2020 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced it has completed the acquisition of FFO Home (“FFO Home”), a regional retailer of furniture and mattresses. Starting immediately, over 30 FFO Home stores throughout the Midwest will be rebranded to American Freight Furniture, Mattress, Appliance. In addition, FFO Home customers will be automatically redirected to the American Freight website for online shopping. The converted stores will offer affordable prices, new product offerings, and financing solutions to help better serve consumers in each local market. Stores will remain open and operational...

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Naval Air Systems Command Exercises Option for an Additional $3.6 Million to Kratos for Contractor Logistics Support & Engineering Services for the BQM-177A Subsonic Aerial Target System

SAN DIEGO, Dec. 28, 2020 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos will receive an additional $3,570,194 from the U.S. Navy for the next option of its Contractor Logistics Support (CLS) and Engineering Services contract supporting BQM-177A aerial target system operations.Steve Fendley, President of Kratos Unmanned Systems Division, said, “Now that we’re beyond the Full Rate Production acquisition milestone, we’ve entered the operations and sustainment phase of the SSAT lifecycle. CLS and Engineering Services are vital to ensuring the continuing adaptation, operations, and maintenance of this agile, realistic, and highly configurable...

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Anavex Life Sciences Reports Fiscal 2020 Year End Financial Results And Clinical Program Updates

NEW YORK, Dec. 28, 2020 (GLOBE NEWSWIRE) — Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental disorders including Alzheimer’s disease, Parkinson’s disease, Rett syndrome and other central nervous system (CNS) diseases, today reported financial results for its fiscal year ended September 30, 2020.Christopher U Missling, PhD, President and Chief Executive Officer of Anavex said: “Despite all of the new challenges, 2020 was an extraordinary year for Anavex, with significant progress across our portfolio, including our first positive, placebo-controlled, U.S. ANAVEX®2-73 (blarcamesine) Rett syndrome trial, a positive Parkinson’s disease dementia trial, and further progress...

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Cara Therapeutics Submits New Drug Application to U.S. Food and Drug Administration for KORSUVA™ Injection in Hemodialysis Patients with Moderate-to-Severe Pruritus

First NDA submission for Company’s lead program, KORSUVA™ Injection –NDA submission includes request for Priority Review under Breakthrough Therapy Designation for KORSUVA Injection –STAMFORD, Conn., Dec. 28, 2020 (GLOBE NEWSWIRE) — Cara Therapeutics, Inc. (Nasdaq: CARA), a biopharmaceutical company focused on developing and commercializing new chemical entities designed to alleviate pruritus by selectively targeting peripheral kappa opioid receptors, or KORs, today announced that it has submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for KORSUVA™ Injection (difelikefalin) for the treatment of moderate-to-severe pruritus in hemodialysis patients. KORSUVA Injection received Breakthrough Therapy Designation from the FDA for this indication. Cara has requested Priority Review for the NDA which,...

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Better Choice to Begin Trading on the OTCQX

NEW YORK, Dec. 28, 2020 (GLOBE NEWSWIRE) — Better Choice Company (OTCQB: BTTR) (“Better Choice”), an animal health and wellness company, has qualified to trade on the OTCQX® Best Market. Better Choice Company Inc. upgraded to OTCQX from the OTCQB® Venture Market.Better Choice Company Inc. begins trading today on OTCQX under the symbol “BTTR.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow...

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FirstCash Adds Paula Garrett to the Board of Directors

FORT WORTH, Texas, Dec. 28, 2020 (GLOBE NEWSWIRE) — FirstCash, Inc. (the “Company”) (Nasdaq: FCFS), the leading international operator of over 2,750 retail pawn stores in the U.S. and Latin America, today announced the appointment of Paula K. Garrett to the Board of Directors, effective January 1, 2021.Ms. Garrett serves as the vice president of finance, operations and information system technology for the Latin America region of Mary Kay, Inc., a position she has held since 2005. In this role, she leads the financial, operational, technology and other market development functions for all of Mary Kay’s Latin America markets, which include Mexico, Brazil, Argentina, Uruguay, Colombia & Peru. Mary Kay is a multibillion-dollar direct selling beauty company with millions of independent sales force members in nearly 40 markets worldwide....

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UTStarcom Announces a Milestone in the Network Operating System (NOS) Cooperation Agreement

HANGZHOU, China, Dec. 28, 2020 (GLOBE NEWSWIRE) — UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that it achieved an important milestone in its cooperation with the Research Institute of one of the major mobile network operators (MNO) in China (the “Customer”). The Company completed Phase 1 development and integration of the disaggregated network solution and successfully passed the acceptance testing with the Customer.The goal of the project is to implement an open and disaggregated network platform that is based on a white box switch/router and open-source software and is primarily intended to be used as a carrier-grade networking platform for the access segment of 5G transport network, which operates as IP RAN transport based on Segment Routing technology.Under...

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SEEDO APPOINTS NEW CEO

TEL AVIV, Dec. 28, 2020 (GLOBE NEWSWIRE) — Seedo Corp. (OTC: SEDO) (“Seedo” or the “Company”) announced today that Mr. David Grossman resigned his position as CEO and Director of the Corporation. At the same time the Board appointed current Director David Freidenberg as CEO. Mr. Grossman’s departure was not the result of any disagreements with management. David Freidenberg, 43, has been a Director of the Corporation since June 2020, and on October 25, 2020 he was appointed the CEO of the Saffron Tech Ltd (“Saffron Tech”), the Corporation’s wholly owned subsidiary in Israel. Mr. Freidenberg has spent the last few months advancing Saffron Tech’s activities in Israel. He also has extensive experience in the telecommunications and information technology (IT) industries including Vice President of Sales & Business Development at...

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Secoo Reports Unaudited Third Quarter 2020 Results

BEIJING, Dec. 28, 2020 (GLOBE NEWSWIRE) — Secoo Holding Limited (“Secoo”, the “Company” or “We”) (NASDAQ: SECO), Asia’s leading online integrated upscale products and services platform, today announced its unaudited financial results for the third quarter ended September 30, 2020.Highlights for Third Quarter 2020:GMV1 reached RMB4,120.4 million (US$606.9 million) for Q3 2020, representing an increase of 12.5% from RMB3,661.0 million for Q3 2019.Total number of orders2 was 1,109.0 thousand for Q3 2020, representing an increase of 7.1% from 1,035.3 thousand for Q3 2019.Number of active customers3 increased by 7.5% to 518.7 thousand for Q3 2020 from 482.5 thousand for Q3 2019.Total revenues was RMB1,373.5 million (US$202.3 million) for Q3 2020, compared with RMB1,941.6 million for Q3 2019.Net income was RMB20.8 million (US$3.1...

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