Day: September 23, 2021
VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (“the Company,” “Liquid Media” or “Liquid”) (Nasdaq: YVR) today announced the completion of its acquisition of iNDIEFLIX Group Inc. (“iNDIEFLIX”), a global market leader in educational entertainment or ‘edutainment’. The closing of the acquisition adds a key asset to Liquid’s four-stage business solution engine, which is designed to drive sustainable growth for independent intellectual property (IP) owners and producers.
“We are delighted to welcome our talented new colleagues from iNDIEFLIX to the Liquid Media family and to be continuing along a path that will augment our growth for years to come,” said Ronald Thomson, CEO of Liquid.
iNDIEFLIX is a global subscription video-on-demand streaming service focused on content with a purpose. Cofounded...
GenTech’s Brand Set for Major Launch as ‘Feature Brand’ at Mr. Olympia 2021 Weekend
Written by Customer Service on . Posted in Public Companies.
• GenTech’s Newest Fitness Brand to “Take the World by Storm” through Access to Worldwide Fitness Focused Audience Topping 17 Million • GenTech’s SINFIT, American Metabolix, and MPB Snacks to Gain Significant Exposure at the Event$GTEH – GenTech’s Brand Set for Major Launch as ‘Feature Brand’ at Mr. Olympia 2021 Weekend$GTEH – Mr. Olympia 2021 Weekend – OCT 7-10, 2021WHEAT RIDGE, CO, Sept. 23, 2021 (GLOBE NEWSWIRE) — GenTech Holdings, Inc. (OTC Pink: GTEH) (“GenTech” or the “Company”) (www.gentechholdings.com), an emerging leader in the Functional Foods (www.sinfitnutrition.com) marketplace, is excited to announce the upcoming worldwide launch of the Company’s recently acquired brand, Storm Lifestyles (www.stormlifestyles.com) (“Storm”), a line of sports nutrition and fitness lifestyle products...
Aterian Reaches Agreement with Lender to Pay Down Its Term Loan Debt
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Company Makes Material Progress in Reducing Container Shipping Cost
NEW YORK, Sept. 23, 2021 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) announced today that it has reached an agreement with its lender, High Trail, to pay down its outstanding secured term debt in an aggregate principal amount of $66.3 million plus accrued and unpaid interest, which amount will be paid in shares of the Company’s common stock in accordance with the terms of the notes evidencing such debt. The remaining $25.0 million term loan debt will now mature in April 2023 and all financial covenants have been restructured.
“I am excited to share with our shareholders that Aterian has reached an agreement with its lender to satisfy the majority of its outstanding term debt and has made material progress in reducing its container...
Neovasc to Participate in 2021 Benzinga Healthcare Small Cap Conference
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VANCOUVER and MINNEAPOLIS, Sept. 23, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Neovasc, Inc. (“Neovasc” or the “Company”) (NASDAQ,TSX: NVCN) today announced that its management team will be participating in the 2021 Benzinga Healthcare Small Cap Conference to be held September 29-30, 2021. Bill Little, Neovasc’s Chief Operating Officer, will give a presentation on Wednesday, September 29 at 4:00 pm EDT. A link to the live webcast of the presentation will be available in the Investor Relations section of the Neovasc website at https://www.neovasc.com/investors/. The recording will be archived for 90 days.
About Neovasc Inc.
Neovasc is a specialty medical device company that develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. The Company is a leader in the development of minimally...
17 Education & Technology Group Inc. Announces Second Quarter 2021 Unaudited Financial Results and Change to Board Composition
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
BEIJING, Sept. 23, 2021 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today announced its unaudited financial results for the second quarter ended June 30, 2021.
Second Quarter 2021 Highlights[1]Net revenues were RMB670.9 million (US$103.9 million), which exceeded the high-end of the Company’s guidance by RMB10.9 million and represented a year-over-year increase of 147.2% from RMB271.4 million in the second quarter of 2020.
Net revenues from online K-12 tutoring services were RMB662.0 million (US$102.5 million), representing a year-over-year increase of 163.9% from RMB250.8 million in the second quarter of 2020.
Gross billings of online K-12 tutoring services[2]...
Vulcan Minerals Inc. – Options Voisey’s Bay South Claims to Fjordland Exploration Inc.
Written by Customer Service on . Posted in Mergers And Acquisitions.
ST. JOHN’S, Newfoundland and Labrador, Sept. 23, 2021 (GLOBE NEWSWIRE) — Vulcan Minerals Inc. (the “Company”, “Vulcan” TSX-V:VUL) announces that a binding Letter of Intent has been signed with Fjordland Exploration Inc. (“Fjordland”) granting Fjordland the option to acquire a 100% working interest in 30 mineral claims (750 hectares) located in the South Voisey’s Bay area, Labrador. Under the terms of the agreement, Fjordland has the option to pay Vulcan 1,350,000 common shares, $70,000 cash and incur $250,000 in exploration expenditures over a period of three years, of which $25,000 cash and 600,000 common shares are payable upon signing the agreement. Vulcan reserves a 2% net smelter return royalty on the claims subject to Fjordland’s right to buy back 50% of that royalty by paying Vulcan $2,000,000 cash.
The property is contiguous...
Orbit International’s Electronics Group Receives Two New Orders in September Totaling Approximately $2,100,000
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New Orders Add to Firm Booking Quarter
HAUPPAUGE, N.Y., Sept. 23, 2021 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) received two new orders in the month of September 2021 totaling approximately $2,100,000. Deliveries for these orders are expected to commence in the third quarter of 2022 and continue through the first quarter of 2023.
Mitchell Binder, President and CEO of Orbit International commented, “These two new orders for our OEG, which include an order in excess of $800,000 for a major program for the U.S. Navy and an order in excess of $1,200,000 for a major aircraft program, highlight our September month-to-date bookings and come on the heels of our previously announced strong consolidated booking...
Oma Savings Bank Plc decided to implement the transfer of Eurajoen Savings Bank’s business in accordance with the acquisition plan
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OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 23 SEPTEMBER 2021 AT 15.32 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF EXCHANGEOma Savings Bank Plc decided to implement the transfer of Eurajoen Savings Bank‘s business in accordance with the acquisition plan
In November 2020, Oma Savings Bank Plc (OmaSp or Company) started negotiations on transferring Eurajoen Savings Bank into Oma Savings Bank and the acquisition plan was approved by the Boards of Directors in June 2021. At its meeting on 23 September 2021, the Board of Directors of OmaSp decided on the implementation of the transfer of the business of Eurajoen Savings Bank in accordance with the acquisition plan. The decision is conditional and its entry into force requires that the governing body of Eurajoen Savings Bank decide at its meeting on 28 September...
GreenBox POS and Transact Europe Commence Revenue Sharing and Licensing Cooperation
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SAN DIEGO, CA, Sept. 23, 2021 (GLOBE NEWSWIRE) — GreenBox POS (NASDAQ: GBOX) (“GreenBox” or the “Company”), an emerging financial technology company leveraging proprietary blockchain security and token technology to build customized payment solutions, today announced the commencement of revenue sharing and bank licensing cooperation with Transact Europe in anticipation of the closing of the recently announced acquisition.
GreenBox announced the acquisition of Transact Europe Holdings OOD on July 19, 2021, pending regulatory approval from the Bulgarian National Bank. Transact Europe Holdings OOD is the single entity shareholder of Transact Europe EAD. Transact Europe EAD (TEU) is an EU regulated electronic money institution headquartered in Sofia Bulgaria and is a principal level member of Visa, worldwide...
ElectraMeccanica Appoints Kevin Pavlov as Chief Executive Officer and Director
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VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, today announced that current Chief Operating Officer Kevin Pavlov has been appointed as Chief Executive Officer (“CEO”), effective immediately. Pavlov assumes the title from former CEO Paul Rivera and will also join ElectraMeccanica’s Board of Directors. In his expanded role Pavlov will continue to be responsible for overseeing operational growth as ElectraMeccanica ramps up commercial production with a focus on enhancing profitability and efficiency.
Pavlov brings over two decades of automotive experience to ElectraMeccanica with an extensive skillset covering large global corporations, private board experience,...