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Month: February 2021

Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), Parent Company of Calvin B. Taylor Bank, Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020

Berlin, Maryland, Feb. 22, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Calvin B. Taylor Bankshares, Inc. (the “Company”) (OTCQX: TYCB), parent company of Calvin B. Taylor Bank, today reported unaudited financial results for the fourth quarter and year ended December 31, 2020.  Net income was $7.27 million, or $2.62 per share, for the year ended December 31, 2020 (“FY20”), as compared to $8.33 million, or $2.99 per share, for the year ended December 31, 2019 (“FY19”).  Net income was $1.41 million, or $0.51 per share, for the fourth quarter ended December 31, 2020 (“4Q20”), as compared to $1.71 million, or $0.61 per share, for the fourth quarter ended December 31, 2019 (“4Q19”) and $1.91 million, or $0.69 per share, for the third quarter ended September 30, 2020 (“3Q20”).  Additional highlights of the company’s financial results...

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Philip Okala Appointed to Colfax Board of Directors

Annapolis Junction, MD, Feb. 22, 2021 (GLOBE NEWSWIRE) — Colfax Corporation (NYSE: CFX), a leading diversified technology company, today announced that it has appointed Philip Okala, Chief Operating Officer of the University of Pennsylvania Health System, to its Board of Directors. This appointment increases the size of Colfax’s Board of Directors to eleven members.Mitchell P. Rales, Chairman of the Board of Colfax, said, “We are very pleased to have Phil join our Board. He has extensive experience as a healthcare leader and has been integral to the success of Penn Medicine’s hospital systems by spearheading key strategic initiatives and recent expansion efforts. His addition to the Board will further support Colfax in growing our medical technology business. I am confident that his knowledge and experience will assist the Board...

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Laredo Petroleum Announces Fourth-Quarter and Full-Year 2020 Financial and Operating Results

TULSA, OK, Feb. 22, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its fourth-quarter and full-year 2020 financial and operating results.Full-Year 2020 HighlightsFully transitioned development operations to Howard County acreage and successfully completed the Company’s first well packageAdded 4,000 net acres in Howard County at an average price of $7,200 per net undeveloped acreProduced an average of 87,750 barrels of oil equivalent (“BOE”) per day and 26,849 barrels of oil per day (“BOPD”), an increase of 8% and a decrease of 6%, respectively, from full-year 2019, while reducing capital expenditures by 27% over the same periodReduced drilling and completions costs during the year by 21%, to $540 per foot from $680 per footReduced...

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Mercer International Inc. to Present at Upcoming Raymond James 2021 Institutional Investors Conference

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) today announced that David M. Gandossi, President and CEO, will be presenting at the following upcoming conference:Raymond James 2021 Institutional Investors ConferenceWednesday, March 3rd, 2021Fireside Chat at 3:00 PM ESTA copy of the presentation will be posted in the “Investors – Current Documents” section on the Company’s web site (https://mercerint.com/investors/current-documents/) on the morning of the event.At Mercer International Inc., we are exceptional people creating bioproducts for a more sustainable world. We are a diversified global producer of forest products, bioproducts, and green electricity with operations in Germany, Canada, and Australia with a consolidated annual production capacity of approximately 2.2 million tonnes...

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FinServ Acquisition Corp. II Announces Closing of $300,000,000 Initial Public Offering

New York, NY, Feb. 22, 2021 (GLOBE NEWSWIRE) — FinServ Acquisition Corp. II (the “Company”) announced today that it closed its initial public offering of 30,000,000 units, including 3,500,000 units issued pursuant to the exercise of the underwriters’ over-allotment option, at $10.00 per unit. The units are listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “FSRXU”. Each unit consists of one of the Company’s shares of Class A common stock and one-quarter of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable.  Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “FSRX”...

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EIT InnoEnergy to support Chvaletice Manganese Project

Highlights:Euro Manganese and its wholly owned Czech Republic subsidiary, Mangan Chvaletice, have secured the support of EIT InnoEnergy, a Knowledge and Innovation Community supported by the European Institute of Innovation and Technology. EIT InnoEnergy will marshal its broad network and resources to accelerate the Chvaletice Manganese Project’s successful integration into the European Union’s battery supply chain.The Chvaletice Manganese Project is the only sizeable manganese resource in the European Union, with the potential to provide up to 50% of projected 2025 European demand for high-purity manganese, and 28% of its anticipated 2030 requirements.The Project also brings local environmental and social benefits. As tailings from the decommissioned mine are recycled to produce battery-grade manganese, a longstanding source of water...

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Flexion Therapeutics to Present at the 42nd Annual Raymond James Virtual Institutional Investors Conference

BURLINGTON, Mass., Feb. 22, 2021 (GLOBE NEWSWIRE) — Flexion Therapeutics, Inc. (Nasdaq:FLXN) announced today that Michael Clayman, M.D., President and Chief Executive Officer, will participate in an analyst-led fireside chat at the 42nd Annual Raymond James Institutional Investors Conference. The virtual fireside chat is scheduled to begin at 12:30 p.m. ET on Monday, March 1, 2021.To access the live webcast of the presentation, please visit the Flexion website at http://ir.flexiontherapeutics.com.About Flexion TherapeuticsFlexion Therapeutics (Nasdaq:FLXN) is a biopharmaceutical company focused on the development and commercialization of novel, local therapies for the treatment of people with musculoskeletal conditions, beginning with osteoarthritis, the most common form of arthritis. The Company’s core values are focus, ingenuity,...

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Tyson Foods Accelerates Change to Operate at the Speed of the Market

SPRINGDALE, Ark., Feb. 22, 2021 (GLOBE NEWSWIRE) — Tyson Foods, Inc. (NYSE: TSN), today announced that the company is making organizational changes designed to improve operational agility, customer experience and speed of innovation to market, ensuring that all businesses are well-positioned to adapt to a dynamic environment.“Consumer preferences are changing and evolving at a rapid pace,” said Dean Banks, president and chief executive officer of Tyson Foods. “We must accelerate our pace of change to not only meet but exceed our customers’ expectations while delivering high quality, innovative products. That’s why we’re adapting our organization to enable our businesses to respond rapidly to the changing environment.”Each of Tyson Foods’ four business segments will be equipped with the resources and structure needed to enable quicker...

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Travere Therapeutics to Present at Upcoming Investor Conferences

SAN DIEGO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Travere Therapeutics, Inc. (NASDAQ: TVTX) today announced that Company management will present at the following upcoming virtual investor conferences in February and March:SVB Leerink 10th Annual Global Healthcare ConferenceDate: Wednesday, February 24, 2021Time: 1:00 p.m. ETBarclays Global Healthcare ConferenceDate: Wednesday, March 10, 2021Time: 11:30 a.m. ETLive webcasts will be available at https://ir.travere.com/events-presentations and archived replays will be accessible for up to 30 days.About Travere TherapeuticsAt Travere Therapeutics we are in rare for life. We are a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease. On this path, we know the need for treatment options...

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LiveArea Names Executive to Lead its Innovation Lab and Creative Studio

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) — LiveArea, a global customer experience and commerce agency, and business unit of PFSweb (NASDAQ: PFSW), today announced the appointment of Rashmi Sethi as Group Creative Director and head of the company’s newly incubated Innovation Lab and Creative Studio. The facility will centralize the company’s global work designing and building prototypes and accelerators for global clients.Sethi brings to LiveArea more than 20 years of experience working in innovation, experience design, and digital business transformation. She has a multi-disciplinary background in economics, science, and statistics, and is a practitioner of design thinking. She has led experience design and digital product innovation teams, R&D labs, creative studios, and global consulting in a variety of global companies,...

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