Day: August 11, 2021

VisualMed Clinical Solutions, Corp. regains compliance with OTC disclosure requirements

Written by Customer Service on August 11, 2021. Posted in Public Companies.

WEST PALM BEACH, Fla., Aug. 11, 2021 (GLOBE NEWSWIRE) — VisualMed Clinical Solutions, Corp. (A Nevada Corporation) (OTC: VMCS), today announced that it has regained compliance with OTC Markets disclosure requirements. VisualMed is pleased to confirm it has received confirmation from OTC Markets that it has provided adequate information to facilitate the removal of certain warning notices related to its shares. The Company can also confirm it has retained auditors to complete audited financial statements for the financial year ending June 30th and intends to complete the relevant filings to become compliant with SEC reporting requirements. “We are pleased to report progress from our efforts to become more compliant and transparent for investors” said Sharon Hollis, CEO of VisualMed, “and look forward to completing a name change...

Stingray Acquires Minority Interest in The Singing Machine Company

Written by Customer Service on August 11, 2021. Posted in Mergers And Acquisitions.

MONTREAL, Aug. 11, 2021 (GLOBE NEWSWIRE) — Stingray Group Inc. (TSX: RAY. A; RAY. B), a leading music, media, and technology company, today announced that it has acquired a minority interest in its long-standing business partner, The Singing Machine Company, Inc. (OTCQX: SMDM), widely recognized as the worldwide leader in consumer karaoke products. With the consummation of this transaction, Stingray emerges as the dominant provider of karaoke solutions. Singing Machine is the most recognized brand in home karaoke hardware, with worldwide distribution of over 1,000,000 karaoke products per year, while Stingray delivers to Singing Machine customers the most extensive library of expertly produced and licensed karaoke content. Stingray produces new karaoke titles in the style of today’s top-charting artists to ensure that Singing Machine...

Castor Maritime Inc. Announces Deliveries of the M/V Magic Pluto and M/V Magic Perseus

Written by Customer Service on August 11, 2021. Posted in Mergers And Acquisitions.

LIMASSOL, Cyprus, Aug. 11, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”) a diversified global shipping company, announces the acquisition of two dry bulk carrier vessels. On August 6, 2021, it took delivery of the M/V Magic Pluto, the 2013 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on May 17, 2021. On August 9, 2021, it took delivery of the M/V Magic Perseus, the 2013 Japanese-built Kamsarmax dry bulk carrier it had agreed to acquire as previously announced on May 4, 2021. Both acquisitions were financed in their entirety with cash on hand. About Castor Maritime Inc. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels. On a fully delivered basis, Castor...

CSP Inc. Reports Fiscal 2021 Third Quarter Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Continued Year-over-Year Gross Margin Improvement Validates Business Strategy LOWELL, Mass., Aug. 11, 2021 (GLOBE NEWSWIRE) — CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, reported financial and operating results for the fiscal 2021 third quarter ended June 30, 2021 and provided a business update. Third Quarter Operating Highlights and Recent AchievementsSigned new multi-million-dollar cloud-based customer with a potential for up to 10,000 users Continue to on board ARIA ADR customers, demonstrating the successful integration with the MSP business; Received purchase orders from three new customers; more than two dozen targets currently evaluating ARIA proposals Continued positive impact of a favorable revenue mix led to...

Wilhelmina International, Inc. Reports Results for Second Quarter 2021

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Exhibit 99.1 Second Quarter Financial Results (in thousands) Q2 21 Q2 20 YOYChange Q2 21 YTD Q2 20 YTD YOYChangeTotal Revenues $ 14,510 $ 4,528 220.5% $ 26,486 $ 19,080 38.8%Operating Income (Loss) 891 (3,140) 128.4% 991 (4,779) 120.7%Income (Loss) Before Provision for Taxes 1,423 (3,177) 144.8% 3,717 (4,778) 177.8%Net Income (Loss) 1,121 (2,700) 141.5% 3,342 (5,360) 162.4%EBITDA** 1,679 (2,856) 158.8% 4,268 (4,136) 203.2%Adjusted EBITDA** 1,135 (2,838) 140.0% 1,504 (3,377) 144.5%Pre-Corporate EBITDA** 1,333 (2,600) 151.3% 1,947 (2,830) 168.8%**Non-GAAP measures referenced are detailed in the disclosures at the end of this release. DALLAS, Aug. 11, 2021 (GLOBE NEWSWIRE) — Wilhelmina International, Inc. (Nasdaq:WHLM) (“Wilhelmina”...

Summit Therapeutics Reports Financial Results and Operational Progress for the Second Quarter and Six Months Ended June 30, 2021

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Cambridge, Massachusetts, Aug. 11, 2021 (GLOBE NEWSWIRE) — Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today reports its financial results and provides an update on its operational progress for the second quarter and six months ended June 30, 2021. Note: A glossary of terms is included at the end of this document in order to allow for the ease of understanding of terms or concepts used throughout this release. Financial HighlightsCash and cash equivalents on June 30, 2021, was $103.4 million, as compared to $66.4 million on December 31, 2020. In April, the Company commenced a Rights Offering for our existing shareholders to participate in the purchase of additional shares of our common stock, in which the associated subscription rights expired on May 10, 2021. ...

OMNIQ’s AI Systems to be deployed at the Border Check Point between Israel & Jordan

Written by Customer Service on August 11, 2021. Posted in Public Companies.

omniQ’s AI Vehicle Recognition technology identifies vehicles and enable proactive smart decisions omniQ’s AI Homeland Security solutions are already deployed in foreign Ministry of Defense Head Quarters, foreign military bases, in sensitive zones in the Middle East and in Eastern Asia. omniQ’s AI uses patented Neural Network algorithms that imitate the human brain for pattern recognition enabling smart and quick decision-making. Order follows recent winnings at The Cypress College in California, Israel’s largest seaport, Georgia State University, the City of Watkinsville, Georgia, Philadelphia International Airport and at the Campus of a Multibillion-dollar Medical Center.SALT LAKE CITY, Aug. 11, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT...

Orbit International Corp. Reports 2021 Second Quarter Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Second Quarter 2021 Net Income of $534,000 ($0.15 per diluted share) v. Net Loss of $396,000 ($0.11 loss per share) in Prior Year Period Second Quarter 2021 EBITDA, As Adjusted, of $616,000 ($0.18 per diluted share) v. loss of $324,000 ($0.09 loss per share) in Prior Year Period Six Months 2021 Net Income of $2,361,000 ($0.67 per diluted share) v. Net Loss of $376,000 ($0.11 loss per share) in Prior Year Period Six months 2021 EBITDA, As Adjusted, of $2,519,000 ($0.72 per diluted share) v. loss of $238,000 ($0.07 loss per share) in Prior Year Period Exclusive of PPP Loan Forgiveness, Six Months Net Income was $743,000 ($0.21 per diluted share) and EBITDA, As Adjusted was $901,000 ($0.26 per diluted share) HAUPPAUGE, N.Y., Aug. 11, 2021 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced results for the...

Healthcare Expert, U.S. Army Veteran Rob Snyder Brings to Integrity Health Corporation (the “Company”) (OTC: FTEG) New Perspective on Disrupting Normalcy of Traditional Western Medicine

Written by Customer Service on August 11, 2021. Posted in Public Companies.

PHOENIX, AZ, Aug. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Integrity Health Corporation (the “company”) (OTC: FTEG) (www.integrityhealthcorp.com) announced that Rob Snyder, Radiology Clinician/ Administrator, and Healthcare Expert, will be joining the company’s medical team and bringing a whole new perspective on traditional medicine along with him. Snyder brings 26 years of healthcare experience to Integrity Health Corporation. Most recently, he held the positions of Radiation Safety Officer and Chief Compliance Officer for VibrantMBS. Before joining Integrity Health Corporation, Snyder spent 10 years in the United States Army where he was trained to be a Radiology Technologist. Snyder has also worked in general Radiology, Computed Tomography (CT), Cardiac Cath Lab, Interventional Radiology, and has been a Director...

Mobix Labs Completes Acquisition of Cosemi Technologies

Written by Customer Service on August 11, 2021. Posted in Mergers And Acquisitions.

IRVINE, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Mobix Labs Inc., a global wireless and wired connectivity solutions provider, today announced that it has closed its previously reported acquisition of Cosemi Technologies Inc., a global designer and manufacturer of active optical cables (AOCs). Terms of the transaction were not disclosed. Cosemi’s asset portfolio includes a broad range of hybrid AOCs, optical transceivers and optical engines that deliver latency-free connectivity to a variety of use cases, including the data center, home entertainment and consumer electronics markets. “Today’s users call for larger amounts of data to be transmitted faster and more reliably, whether it is a wide area network adopting mission-critical mmWave 5G applications or a family watching an 8K movie at home,” said Fabian Battaglia, CEO of...

Day: August 11, 2021

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