Day: March 26, 2021

ESE Entertainment Signs JBL for Sponsorship of Motorsports and Esports Event, FIA Rally Star

Written by Customer Service on March 26, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, March 26, 2021 (GLOBE NEWSWIRE) — ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”) is pleased to announce that it has signed the high-end audio equipment manufacturer, JBL, for a sponsorship of the Polish edition of the FIA Rally Star, an esports and motorsports event organized by the Federation Internationale de l’Automobile (FIA) in cooperation with the Polish Automobile and Motorcycle Federation (PZMot) and ESE Entertainment Inc. ESE is responsible for the esports and sports media relations and the marketing of the event in cooperation with Polish Automobile and Motorcycle Federation. FIA Rally Star is organized in 50 countries and its goal is to discover promising World Rally Championship drivers. This innovative project combines both esports and motorsports. There...

Eloro Resources Closes C$25 Million Bought Deal Financing

Written by Customer Service on March 26, 2021. Posted in Public Companies.

TORONTO, March 26, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option, of 6,670,000 units of the Company (“Units”) at a price of C$3.75 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of C$25,012,500 (the “Offering”). Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$5.25 for a period of 24 months from the closing date of the Offering,...

Cemtrex Provides Corporate Update on Product Pipeline and Business Operations

Written by Customer Service on March 26, 2021. Posted in Public Companies.

Brooklyn, NY, March 26, 2021 (GLOBE NEWSWIRE) — — Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today provided a corporate update on its product shipment pipeline, business operations, financials and industry outlook in the first quarter and remainder of 2021. Beginning in late March, Cemtrex will begin shipments of its new SmartDesk Connect, an advanced workstation that includes 4K UHD monitors, a sit-stand desk, ergonomic tabletop, with built-in wireless phone charger, all powered by a user’s laptop when connected to the SmartDesk. The product is an evolution of the Company’s original SmartDesk, which is an advanced workstation that includes a powerful Windows 10 machine....

Corrected: Panbela Provides Business Update and Reports Q4 and FY 2020 Financial Results

Written by Customer Service on March 26, 2021. Posted in Public Companies.

MINNEAPOLIS, March 26, 2021 (GLOBE NEWSWIRE) — Panbela Therapeutics, Inc. (Nasdaq: PBLA), is re-issuing this press release solely to correct an inadvertent decimal error in the net loss per share reported in the discussion under the heading “Fourth Quarter ended December 31, 2020 Financial Results.” All other data and disclosure remains unchanged. The corrected press release reads in its entirety as follows: Panbela Provides Business Update and Reports Q4 and FY 2020 Financial Results MINNEAPOLIS-March 25, 2021 Panbela Therapeutics, Inc. (Nasdaq: PBLA), a clinical stage biopharmaceutical company developing disruptive therapeutics for the treatment of patients with cancer, today provides a business update and reports financial results for the quarter and full year ended December 31, 2020. Management is hosting an earnings call today...

Viking Energy Group Announces Record Revenues

Written by Customer Service on March 26, 2021. Posted in Earnings Releases And Operating Results.

Revenues of $40.27 Million, Up 16.4% Year-Over-Year HOUSTON, TX, March 26, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions, announced today financial results for the year ended December 31, 2020. Key Financial Highlights for 2020 (all figures are approximate): Revenues grew year over year to $40.27 million, as compared to $34.59 million in 2019. Total Cash balance was $7.84 million, as compared to $5.64 million at December 31, 2019. Of the Dec. 31, 2020 cash balance, $3.86 million represented restricted cash within the Company’s Ichor and Elysium divisions pursuant to the...

Assure Holdings Reports Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on March 26, 2021. Posted in Earnings Releases And Operating Results.

DENVER, March 26, 2021 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services (“IONM”), reported financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Summary vs. Fourth Quarter 2019Total revenue was $6.0 million versus $(4.7) million. In the fourth quarter 2020, $3.1 million of revenue was derived from hospitals and management fees, a $1.4 million increase from the year-earlier quarter. The fourth quarter of 2019 included a $10.3 million reserve relating to a private health insurance company and its affiliates in Louisiana, Texas and Michigan. Cost of revenue was $2.9 million vs $0.5 million due to the reversal of accrued billing fees related to the reserve adjustments taken in...

Shareholders of Virginia National Bankshares Corporation and Fauquier Bankshares, Inc. Approve Merger

Written by Customer Service on March 26, 2021. Posted in Mergers And Acquisitions.

CHARLOTTESVILLE, Va. and WARRENTON, Va., March 26, 2021 (GLOBE NEWSWIRE) — At separate shareholder meetings yesterday, shareholders of both Virginia National Bankshares Corporation (OTCQX: VABK) (“Virginia National”), the parent holding company of Virginia National Bank (the “Bank”), and Fauquier Bankshares, Inc. (NASDAQ: FBSS) (“Fauquier”), the parent holding company of The Fauquier Bank, approved the previously announced merger of Fauquier into Virginia National (the “Merger”). The parties expect the Merger to be effective on April 1, 2021. Based on financial information as of December 31, 2020, the combined company would have approximately $1.7 billion in assets, $1.5 billion in deposits, $1.2 billion in loans and $1.1 billion in assets under management. About Virginia National Virginia National, headquartered in Charlottesville,...

Professional Diversity Network, Inc. Announces Agreement to Acquire Interests in RemoteMore USA, Inc., a Provider of Remote-hiring Marketplaces

Written by Customer Service on March 26, 2021. Posted in Mergers And Acquisitions.

CHICAGO, March 26, 2021 (GLOBE NEWSWIRE) — Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, today announced that it has entered into a stock purchase agreement to acquire equity interests in RemoteMore USA, Inc. (“RemoteMore”), an innovative company that provides remote-hiring marketplace services for developers and companies. The transaction is subject to satisfaction of closing conditions and is expected to close in the second quarter of 2021. Upon completion the Company will have ability to become RemoteMore’s largest shareholder and obtain significant influence on its operations. RemoteMore is a technology company that addresses...

Guardion Health Sciences Announces Financial Results for the Three Months and Year Ended December 31, 2020

Written by Customer Service on March 26, 2021. Posted in Earnings Releases And Operating Results.

SAN DIEGO, March 26, 2021 (GLOBE NEWSWIRE) — Guardion Health Sciences, Inc. (Nasdaq: GHSI) (“Guardion” or the “Company”), a clinical nutrition and diagnostics company that develops science-based, clinically supported nutritional supplements, medical foods, and diagnostic products, announced financial results for the three months and year ended December 31, 2020. Effective March 1, 2021, the Company amended its Certificate of Incorporation to effectuate a 1-for-6 reverse split of its outstanding common stock. Accordingly, all share and per share amounts included herein have been retroactively adjusted to reflect the reverse stock split for all periods presented. Financial highlights for the year ended December 31, 2020 include the following:Total revenue of $1,889,844 for the year ended December 31, 2020, as compared to $902,937...

Spectral Announces Fourth Quarter and Fiscal 2020 Results and Corporate Update

Written by Customer Service on March 26, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, March 26, 2021 (GLOBE NEWSWIRE) — Spectral Medical Inc. (“Spectral” or the “Company”) (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, as well as commercializing a new proprietary platform targeting the renal replacement therapy market through its wholly-owned subsidiary Dialco Medical Inc. (“Dialco”), today announced its financial results for the fourth quarter and for the year ended December 31, 2020 and provided a corporate update. Financial Review Revenue for the three months ended December 31, 2020 was $535,000 compared to $746,000 for the same three month period last year. Revenue for the year ended December 31, 2020 was $2,101,000 compared to $2,868,000 for the prior year, representing a decrease of $767,000, or 27%. The majority of the decrease is due to the...

Day: March 26, 2021

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