Month: July 2021

ALLENTOWN, Pennsylvania, July 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, is pleased to announce it has agreed to acquire (the “Acquisition”) a privately held energy services company (“Company”) operating in the OH, PA and WV region.  The Company focuses on reducing customers’ environmental footprint through the decommissioning, abandonment and reclamation services of oil and gas assets. The Acquisition is expected to increase American Energy’s annualized revenue by over three (3) million dollars. American Energy’s fiscal year 2022 consolidated revenue is forecasted to top five (5) million dollars. Total consideration for the Acquisition will be funded through a combination of cash and conventional debt. American Energy’s CEO...

FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for General Motors and Nissan dealerships in Texas, along with the associated real estate, generating approximately $250 million in annualized revenue and $27 million in adjusted EBITDA.Prime major metropolitan locations. Expected to close in the fourth quarter of this year. Purchase price, including real estate, of approximately $141 million expected to be funded through a combination of cash on LMP’s balance sheet, $42 million in common stock and debt financing. Expected to add approximately $27 million in adjusted EBITDA or $2.19 per share in 2022.Richard Aldahan, LMP’s Chief Operating...

Acquisition Advances Transformation Into Platform Company Focused on Cell, Gene Editing and Cytokine Therapy Company to hold Conference Call Today, July 19, 2021, at 4:15PM ET to Discuss the Transaction and Future Plans NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) — Brooklyn ImmunoTherapeutics, Inc. (NYSE American: BTX) (“Brooklyn”), a biopharmaceutical company focused on exploring the role that cytokine and gene editing/cell therapy can have in treating patients with cancer, blood disorders, and monogenic diseases, today announced that it had completed, on July 16, 2021, its acquisition of Novellus Therapeutics Limited (“Novellus”). Novellus is developing next-generation engineered mesenchymal stem cell (“MSC”) therapies using extensively patented mRNA-based cell reprogramming and gene editing technologies licensed from Factor Bioscience...

A global platform to market the Company’s portfolio across 40 countries MELBOURNE, Australia, July 19, 2021 (GLOBE NEWSWIRE) — Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”, “GTG”), a global leader in Genomics tests in health, wellness and serious disease, has signed an agreement to acquire the direct-to-consumer eCommerce business and distribution rights associated with General Genetics Corporation (GGC) and its associated brands trading as EasyDNA (‘EasyDNA’ or ‘EasyDNA Acquisition’), from BelHealth Investment Fund LP (‘BelHealth’), as majority owner for US$4 million in cash and GTG ADRs. HighlightsStrategically, this Direct-to-Consumer acquisition provides Genetic Technologies the foundation to grow its portfolio of serious disease tests across well-established websites in 40 countries In CY20, EasyDNA had...