Day: August 16, 2021

Continued Strong Demand for Industry Leading Product Fort Lauderdale, FL, Aug. 16, 2021 (GLOBE NEWSWIRE) — The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (OTCQX: SMDM) – the worldwide leader in consumer karaoke products – today announced its financial results for its first quarter ended June 30, 2021. First Quarter Highlights:Net sales increased 98% to $6.1 million in the first quarter of fiscal year 2022, as compared to $3.1 million for the same period in the prior year. The sharp increase was largely due to strong spring re-orders and accelerated timing of a large holiday shipment. Gross profit for the quarter increased by 66% from $1.0 million to $1.6 million primarily due to the overall increase in net sales. Gross profit margins decreased by 550 basis points largely due to a higher mix of promotional...

Chicago, IL, Aug. 16, 2021 (GLOBE NEWSWIRE) — FOMO CORP. (OTC: FOMC) has signed a Letter of Intent (“LOI”) to acquire SMARTSolution Technologies Inc. (SST – https://smarterguys.com/). The business will operate as a wholly owned subsidiary of FOMO and keep its name and brand in addition to its current HQ in Pittsburgh, PA. The transaction is expected to be completed by end of September 2021, subject to signing a Definitive Agreement and refinancing of SST’s bank debt of several hundred thousand dollars. SST is a well-established provider of interactive communication tools and related IT systems to schools and colleges, as well as to corporations and healthcare institutions including hospitals and clinics for telemedicine. SST designs and builds advanced audio-visual enabled conference rooms, training rooms, and classrooms....

GRIMSBY, Ontario, Aug. 16, 2021 (GLOBE NEWSWIRE) — Andrew Peller Limited ADW.A/ADW.B (“APL” or the “Company”) announced today that it has waived conditions and agreed to sell its Port Coquitlam, British Columbia property and related assets. The Company will receive $9.0 million for the assets, less costs to sell, generating a realized gain on the sale of approximately $7.5 million or $0.21 per Class A share. In fiscal 2020, the Company listed for sale its plant assets in Port Coquitlam as a result of the consolidation of production facilities related to its personal winemaking business. The assets have a net book value of approximately $1.3 million and are reflected as assets held for sale in the Company’s consolidated financial statements. The transaction is expected to close by September 30, 2021. “We are pleased to generate...

Dallas, Texas, Aug. 16, 2021 (GLOBE NEWSWIRE) — World Series of Golf, Inc. (OTC PINK: WSGF) (“WSGF”) recently launched Peer To Peer (P2P) Short Term Rental Property Purchase Application targeting the $87 billion vacation rental market. Airbnb Q2 revenue quadrupled and the company is anticipating record revenues for the current quarter. Expedia is anticipated to report Q2 revenue higher than forecasted estimates attributed to its VRBO vacation rental business. WSGF acquired a business called Vaycaychella last year and made Vaycaychella its primary business focus.  Vaycaychella had, at the time of the acquisition, backed a number of beach house properties, primarily in Cuba, that had been restored and were already available on Airbnb, VRBO, Hotels.com and Booking.com. WSGF has recently launched a Peer to Peer (P2P),...

PLANO, Texas, Aug. 16, 2021 (GLOBE NEWSWIRE) — INTRUSION, Inc. (Nasdaq: INTZ) today announced that INTRUSION Shield was recently tested by independent product & performance assessment consulting firm Ten Mile Square Technologies, with Shield receiving validation of its marketing claims. Unlike most cybersecurity products, INTRUSION Shield is a signature-free, bidirectional Zero Trust solution that combines historical IP reputation-based threat intelligence with real-time AI and network monitoring to prevent cyberattacks, including Zero-Day and malware-free attacks, before they can harm an organization. It inspects every port, protocol and packet attempting to enter and exit an organization to make pass/kill decisions. Ten Mile Square Technologies was engaged by INTRUSION to perform an independent assessment of INTRUSION Shield...

Chicago, IL, Aug. 16, 2021 (GLOBE NEWSWIRE) — Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended June 30, 2021. “Our PDN Network continued to build off if its strong first quarter with another successful second quarter as we believe that the sustained corporate and political awareness in terms of greater investment in diversity recruitment and inclusion initiatives continue to benefit the Company, and in turn society as a whole. We remain committed to strengthening the financial position of the Company through investing in our operating segments to drive organic growth,...

Creates Global Live Video Powerhouse to Address Growing Demand for Internet Video and Leverage all Existing Networks and Innovation in AI and 5G Hackettstown, NJ and Alkmaar, Netherlands, Aug. 16, 2021 (GLOBE NEWSWIRE) — Vislink (Nasdaq: VISL), a global technology leader in the capture, delivery and management of high quality, live video and associated data in the media & entertainment, law enforcement and defense markets, today announced it has closed on an $18.3 million (€15.5 million) acquisition of Mobile Viewpoint. The deal is comprised of a €14.8 million stock purchase agreement and the assumption and payment of €700,000 in intercompany debt. Privately-held Mobile Viewpoint, a subsidiary of Triple IT Corporate B.V., is headquartered in The Netherlands, with offices in Dubai and Mexico City. It is an innovator in mobile...

Highlighs • Revenue in the first half-year of 2021 was mDKK 6.9 which, compared to the first half of 2020, was unchanged. It shows that we maintained business despite strong COVID-19 measures influencing our DIY business. • Our continued efforts towards business opportunities within concrete manufacturers deliver a continued number of new customers. We increased our sales in our NOxOFF range by 106% compared to H1 2020. • Our Canadian flooring partners are back after COVID-19. Our sales to the segment have grown 48.5% in H1 2021 over H1 2020. • Our DIY segment has fallen by -82.9% in H1 2021 over H1 2020 due to COVID-19 measures and restrictions. • Project sales are a part of our business opportunities. In H1, we signed a project with the City of Copenhagen. We expect that this will be the beginning of an ongoing relationship. • EBITDA...