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Month: January 2021

Progenity Reaches Two Million Test Milestone

SAN DIEGO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Progenity, Inc. (Nasdaq: PROG), a biotechnology company with an established track record of success in developing and commercializing molecular testing products, has reported the completion of two million diagnostic tests by its CLIA-certified and CAP-accredited laboratory in Ann Arbor, Michigan. This notable milestone comes as Progenity celebrates the ten-year anniversary of the company’s founding.Progenity was established in 2011 as a women’s health molecular diagnostics company offering a genetic carrier test for the detection of cystic fibrosis. Today, the company has commercialized a portfolio of diagnostic products, including the Preparent® Carrier Test for hereditary genetic diseases; the Innatal® Prenatal Screen for chromosomal disorders; the Riscover® Hereditary Cancer test, and...

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VitalHub Corp. Announces Proceeds of $3 Million from Exercise of Warrants since January 1, 2021

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased to announce that since January 1, 2021, it has received proceeds of $2,990,625 million as a result of the exercise of 1,031,250 previously issued common share purchase warrants. The Company intends to use the proceeds of the warrant exercises for general working capital purposes.The warrants were issued in connection with the Company’s non-brokered private placement completed on January 18, 2019 and led by the former founders and management team of Aastra, being Francis Shen, board member, Tony Shen, Allen Brett, and John Tobia. Warrants were issued with exercise prices of $0.29, with a two-year expiry, and $0.39, with a three-year expiry. As of the expiry date, 100% of the warrants had been exercised. For further information...

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Ero Copper provides 2021 production outlook and achieves 2020 guidance

VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) — Ero Copper Corp. (“Ero” or the “Company”) (TSX: ERO) is pleased to announce the production results for the three and twelve month period ended December 31, 2020 for its 99.6% owned Mineração Caraíba S.A. (“MCSA”) mining complex (the “MCSA Mining Complex”) located in the Curaçá Valley, Bahia State, Brazil and its 97.6% owned NX Gold Mine, located in Mato Grosso State, Brazil. The Company’s financial results for the year ended December 31, 2020 will be published on Tuesday, March 16, 2021 after the close of the Toronto Stock Exchange. Management will host a conference call on Wednesday, March 17, 2021 to discuss these results. Dial-in details are provided at the end of this press release.2020 Production & 2021 Outlook Highlights:At the MCSA Mining Complex, total production...

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MasterCraft Boat Holdings, Inc. to Webcast Fiscal Second Quarter 2021 Earnings Conference Call Wednesday, February 10, 2021

VONORE, Tenn., Jan. 20, 2021 (GLOBE NEWSWIRE) — MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) will host a live webcast of its fiscal second quarter 2021 earnings conference call on Wednesday, February 10, 2021, at 8:30 a.m. EST. Fred Brightbill, Chief Executive Officer and Chairman, Tim Oxley, Chief Financial Officer, and George Steinbarger, Chief Revenue Officer, will discuss the Company’s financial results. The Company will issue a pre-market earnings release prior to the call on February 10, 2021.To access the live webcast, go to the investor section of the Company’s website, www.MasterCraft.com, on the day of the conference call and click on the webcast icon. A webcast replay will be available within two hours of the conclusion of the call.To listen to the conference call, dial (800) 219-6861 (domestic) or (574)...

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Nextech AR Integrates Microsoft Azure Cloud Computing Platform

Cloud-based data will enable Nextech AR to host hyper-scalable, secure events and support immersive 3D and AR experiences across all its technologies.  Azure, Microsoft’s cloud, and edge computing platform is the gold standard.Nextech AR will enter Microsoft’s Co-sell program, opening additional opportunities to extend the reach of Nextech products and create new customer connections.VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) — Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR) (FSE: N29), a leading provider of augmented reality (AR) and virtual experience technologies (VXT) and services for 3D ads, eCommerce, education, conferences today announced that Microsoft’s Azure Cloud Services platform will be a standard offering across its virtual experience platforms and consumer apps enabling hyper-scalable,...

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BOON Moves Forward with Distribution Contracts $52M Annual Revenue Potential

SACRAMENTO, CA, Jan. 20, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces contract negotiations worth $52M per year in revenue.  Justin Gonzalez, Chairman and CEO, stated, “Since the Phase-II completion of construction of our production facility in Grass Valley-California, we have several distribution contracts under negotiation. One of these contracts includes the opportunity to distribute 2500-5000 gallons of DiOx+ per day into the sanitation and disinfection of mission critical transportation facilities, logistics warehousing and military infrastructure. The revenue to Boon is approximately $200,000 per day, or $52M per year.”Mr. Gonzalez further stated, “Boon is a bioscience company whose focus is delivering chemical alternatives for today’s increased needs...

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Bionano Genomics Announces Pricing of $200 Million Underwritten Public Offering of Common Stock

SAN DIEGO, Jan. 20, 2021 (GLOBE NEWSWIRE) — BIONANO GENOMICS, INC. (Nasdaq: BNGO), announced today the pricing of its previously announced underwritten public offering of 33,333,350 shares of its common stock at a price to the public of $6.00 per share. The gross proceeds to Bionano from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $200 million. In addition, Bionano has granted the underwriters a 30-day option to purchase up to an additional 5,000,002 shares of common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. All of the shares in the offering are to be sold by Bionano. The offering is expected to close on January 22, 2021, subject to customary closing conditions.Oppenheimer...

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Compass Identifies a Wide Zone of Gold Mineralization Over 1.1-km Within the 10-km Tarabala Trend

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Tarabala and Samagouela prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 1).HighlightsDrilling at Tarabala identifies a pronounced, broad, shallow gold target, associated with a shear zone, extending at least 1.1-kilometresHigher-grade mineralized zones intercepted within wide zones of low-grade mineralization; remains open down dipBest interval: 5 m at 2.86 g/t Au (from 8 m), including 1 m @ 12.50 g/t Au (from 9m)Preparing immediate further drilling at Tarabala and initial drilling on other prospects on the Tarabala TrendLatest drilling along 1.7 km portion of 10 km Samagouela Trend confirms wide zones of quartz veiningCompass to...

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Bragg Gaming Closes Earn-out Conversion

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Bragg Gaming Group (TSXV: BRAG, OTC: BRGGF) (“Bragg” or the “Company“) announces today that, further to its news releases of September 30, 2020, November 7, 2020, and November 18, 2020, it has satisfied its earn-out payment obligations owed to K.A.V.O. Holdings Limited, as vendor (the “KAVO“).“We’re pleased that Matevž has demonstrated such strong conviction in Bragg’s future,” said Adam Arviv, CEO of Bragg Gaming. “His unparalleled knowledge of gaming technology and content will be invaluable to Bragg as we continue our global expansion.”“I’m excited to continue to play a role in Bragg’s growth,” said Mr. Mazij. “With our market-leading technology and strong pipeline, I’m confident that the Company is on track to be a leader in the rapidly expanding global...

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MPHASE REPORTS THIRD CONSECUTIVE PROFITABLE QUARTER AND BEGINS CONVERTIBLE NOTE REPAYMENTS

Gaithersburg, MD, Jan. 20, 2021 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) reported financial results for its fiscal 2021 first quarter, which ended September 30, 2020. The first quarter of fiscal 2021 financial results achieved the Company’s third consecutive profitable quarter. In conjunction with this release, the Company is also providing additional operational developments.For fiscal Q1 2021, management is noting the following items of importance:Revenue remained steady at $7.6 million, a continuation of the recurring revenue trend in recent quarters and in line with the $7.6 million reported in fiscal Q1 2020;Gross profit margin of 25.9% was 130 basis points higher than the 24.6% reported in fiscal Q1 2020;Operating income of $1.2 million achieved the Company’s third consecutive...

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