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Year: 2020

TransAtlantic Petroleum Notified of NYSE American Listing Deficiency

HAMILTON, Bermuda, Nov. 13, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that, on November 9, 2020, the Company received a letter (the “Letter”) from the NYSE American LLC (“NYSE American”) indicating that it has determined that the Company is not in compliance with the NYSE American continued listing standards contained in Sections 1003(a)(i), (ii), and (iii) of the NYSE American Company Guide because the Company reported a shareholders’ equity deficit of $17.3 million as of June 30, 2020, and losses from continuing operations and/or net losses in the five most recent fiscal years ended December 31, 2019.In order to maintain its listing on the NYSE American, the Company must submit a plan by December 9, 2020, advising of actions it has taken...

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Farmers & Merchants Bancorp, Inc. Announces Office Realignment

ARCHBOLD, Ohio, Nov. 13, 2020 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced plans to consolidate four of its offices as part of the Company’s strategic plan to improve operating efficiencies, reinvest in new remote and electronic banking initiatives, and better serve customers.Lars B. Eller, President and Chief Executive Officer, stated: “Our customers have come to expect the best and easiest banking experience from us, and we continue to work hard to deliver on that expectation. Over the years, we have continued to allocate resources into developing ways to bank with us electronically and remotely. Our customers are using these products and services more and more every day, including during the limited access of in-lobby banking that occurred earlier this year as a result of the COVID-19...

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Brownie’s Marine Group Announces New Chief Executive Officer

Pompano Beach, Florida, Nov. 13, 2020 (GLOBE NEWSWIRE) — Brownies Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high pressure air and industrial compressors in the marine industry, announces today that Mr. Christopher Constable has been named a Chief Executive Officer of the public company, while Mr. Robert Carmichael will remain Chairman, and President of the Company. Mr. Constable has also been appointed to the Board of Directors of BWMG.Robert Carmichael, Chairman and President, stated, “Chris was brought in earlier this year on a consulting basis, and has done a great job for us. As we move the Company to the next stage of growth with our different business units, we feel his numerous operating and financial skill sets can help to get us there faster.”“I’m...

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BeyondSpring to Present Corporate Overview at Jefferies London Healthcare Conference

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — BeyondSpring Inc. (the “Company” or “BeyondSpring”) (NASDAQ: BYSI), a global biopharmaceutical company focused on developing innovative immuno-oncology cancer therapies to transform the lives of patients with unmet medical needs, today announced that management will provide a corporate overview at the Jefferies London Healthcare Conference on November 17th. Details are as follows:The presentation will be webcast live and archived on BeyondSpring’s website at www.beyondspringpharma.com under “Events & Presentation” in the Investors section.About BeyondSpringHeadquartered in New York, BeyondSpring is a global, clinical-stage biopharmaceutical company focused on developing innovative immuno-oncology cancer therapies to improve clinical outcomes for patients with high unmet medical...

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ZW Data Action Technologies Reports Third Quarter and First Nine Months 2020 Unaudited Financial Results

BEIJING, Nov. 13, 2020 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and nine months ended September 30, 2020.Third Quarter of 2020 Financial HighlightsRevenues decreased by 20.7% to $12.30 million for the third quarter of 2020, primarily due to the decrease in revenues from our Internet advertising and distribution of the right to use search engine marketing service business categories, as a result of the slow recovery after the COVID-19 outbreak.Gross loss was $0.64 million with a gross loss margin of 5.2% for the third quarter of 2020.Loss from operations was $1.40 million for the third...

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Iceland ‘A/A-1’ Ratings Affirmed; Outlook Stable

International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency expects the pandemic to cause Iceland’s economy to contract by 7.8% in 2020 before partially recovering by 4% in 2021. Despite the significant hit to the tourism sector, S&P expects that Iceland’s current account balance will remain in surplus over the next few years. The rating agency believes that the authorities will be able to consolidate public balances after 2021 and note the successful track record of fiscal deleveraging over the past decade. Resilient external balances and low net external leverage provide further economic buffers.Iceland’s stable institutional framework and effective policymaking continue to support the rating. The volatile nature of the small and open...

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SELLAS Life Sciences Provides Business Update and Reports Third Quarter 2020 Financial Results

– Received IMPD Approval to Commence Enrollment in France for Pivotal Phase 3 Study of Galinpepimut-S in Acute Myeloid Leukemia Patients –– Strengthened Balance Sheet During Quarter with $9.2 Million Financing –NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — SELLAS Life Sciences Group, Inc. (Nasdaq: SLS) (“SELLAS” or the “Company”), a late-stage clinical biopharmaceutical company focused on the development of novel cancer immunotherapies for a broad range of cancer indications, today provided a business update and reported financial results for the quarter ended September 30, 2020. “In the third quarter, we announced an important milestone for our Phase 3 REGAL study of galinpepimut-S (GPS) in acute myeloid leukemia (AML) when we received approval from the French regulatory authorities for our Investigational...

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DCP Midstream to Participate in 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference

DENVER, Nov. 13, 2020 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer and Sean O’Brien, group vice president and chief financial officer will conduct a series of one-on-one and small group meetings with investment community representatives at the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 18, 2020. The materials used at this conference will be posted on the Investors section of DCP Midstream’s website at www.dcpmidstream.com on November 17, 2020.ABOUT DCP MIDSTREAM, LPDCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural...

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NI Holdings, Inc., announces retirement of Executive VP and CFO Brian Doom

FARGO, N.D., Nov. 13, 2020 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced the impending retirement of top executive Brian Doom, effective May 25, 2021.Doom serves as Executive Vice President, Secretary/Treasurer, and CFO of NI Holdings, Inc. and all affiliated companies (Nodak Insurance Company, American West Insurance Company, Battle Creek Mutual Insurance Company, Primero Insurance Company, Direct Auto Insurance Company, Nodak Mutual Group, Inc., Tri-State, LTD, and Nodak Agency, Inc.).He joined Nodak Insurance Company in December 2005 and helped lead the company through demutualization in 2017.“I want to congratulate Brian on his retirement from Nodak Insurance Company,” said Michael J. Alexander, President and CEO. “For the past 15 years, Brian has provided outstanding leadership in the finance area, our...

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Tandy Leather Factory Reports Certain 3rd Quarter Operating Results and Related Information

FORT WORTH, Texas, Nov. 13, 2020 (GLOBE NEWSWIRE) — Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain financial result information for its third fiscal quarter, ended September 30, 2020. Sales are still preliminary but were approximately $15.8 million, a decrease of 3.1% compared to prior year’s $16.3 million. As of September 30, 2020, the Company had $0.4 million of debt and $10.1 million of cash and cash equivalents.Commenting on these preliminary results, Janet Carr, Chief Executive Officer, said, “We were pleased with our third quarter sales performance following the shutdown of our entire store fleet from COVID-19 in Q2. In the third quarter, we were able to reopen substantially all of our remaining store fleet after the permanent closure of 8 stores. Strong web sales continued in Q3, even as stores have...

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