Day: January 28, 2022

Conference Call/Webcast – 11:00 A.M. Eastern PURCHASE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the fourth quarter and full year ended December 31, 2021, prior to the opening of stock market trading on Thursday, February 17. John W. Dietrich, Atlas Air Worldwide’s President and Chief Executive Officer, and Spencer Schwartz, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the company’s results at 11:00 a.m. Eastern Time on February 17. Interested parties may listen to the call live at Atlas Air Worldwide’s Investor site or at https://edge.media-server.com/mmc/p/whtitre6. For those unable to listen to the live call, a replay will be archived on the Investor site following the call. A replay will also be available...

SOMERVILLE, N.J., Jan. 28, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Global Fiber Technologies, Inc., (OTC PINK: GFTX) subsidiary Authentic Heroes, Inc., has entered into a definitive agreement with Maestro Entertainment, LLC., to create music driven opportunities. Global’s President Chris Giordano stated, “Our joint venture with Maestro Entertainment is a watershed deal for both sides. The Maestro catalog consists of over 17,000 songs from the 40’s 50’s, 60’s, 70’s & 80’s across the entire genre of music. They include spectrum of artists, many of them whom are Grammy Award winners ranging from Bob Marley, The Jackson 5, Jefferson Airplane to BB King. We will marry this massive library of “legacy music” with our ability to market and distribute the music compilations...

El Centro, CA, Jan. 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — CMUV Bancorp, the holding company for Community Valley Bank (CVB), is pleased to announce unaudited year-end results for 2021. Earnings for the year ending 12/31/2021 were $5,198,800. This number assisted by the SBA PPP loan program, far surpassed the 2020 end of year results of $3,386,757. Despite having received payoff forgiveness on just under $58 MM in PPP loans, CVB was able to end 2021 with over $211 MM in gross loans, a $3 MM increase over 2020 results. Total assets increased by $17 MM ending 2021 at $277 MM. Total Deposits increased dramatically with year-end deposits reaching just under $240 MM.  Earnings per share for 2021 were $2.83 (adjusted for stock buyback). Earnings in 2020 were $1.31 per share. We ended 2021 with a Community Bank Capital Leverage...

As it continues its transformation, Utenos Trikotažas will concentrate its future investments on its core business – contract manufacturing and development of innovative materials. This strategic direction, which generates the highest revenues and profitability, has been approved by the company’s board. In addition, as part of operational refinement, investments in Utenos Trikotažas’ own brands, which generate a smaller share of revenue, will be significantly reduced or further development will be carried out by attracting investors. Investments in a promising growth segment “The move is timely and natural. For more than two decades, the majority of the company’s revenues have been generated from fabrics and knitwear products for global brands. This activity area generates the highest added value and requires continuous investment...

JLT Mobile Computers AB ger i enlighet med tidigare lämnad information ut aktier till säljaren av ID Work Växjö, Sverige, 28:e januari 2022 * * * JLT Mobile Computers, ledande leverantör av stryktåliga datorer för krävande miljöer, meddelar idag att de i enlighet med pressmeddelande från den 11:e januari, 2022 ger ut aktier till säljaren av det förvärvade bolaget ID Work. Det annonserades då att JLT Mobile Computers har förvärvat samtliga aktier i den franska säljpartnern ID Work, varvid del av köpeskillingen skulle erläggas med nya aktier i JLT Mobile Computers. Mot bakgrund av ovan har styrelsen för JLT Mobile Computers idag, med stöd av bolagstämmans bemyndigande, beslutat att ge ut 160 000 nya aktier. Aktierna ges ut till säljarna av ID Work och betalas genom kvittning av fordran om sammanlagt 100 000 EUR på JLT Mobile Computers, motsvarande...

Capital Finance International (“CFI”) has awarded its Best Energy Business Strategy, North America 2021 Award to Golar LNG Limited (“Golar”). In its citation for the award, CFI  highlighted Golar’s commitment to repurposing existing assets and using those assets to produce and regasify cleaner burning LNG, facilitating a quicker transition away from higher polluting fossil fuels. Also cited was Golar’s commitment to innovation in the field of energy efficiency and evaluation of new technology and alternatives that could further reduce the carbon footprint of LNG. Commenting on the award, Chief Executive Officer Karl-Fredrik Staubo said: “Golar has a history of being an LNG market entrepreneur at the forefront of some of the key technology advances in the LNG industry, including first mover into FSRUs and FLNGs. Repurposing of assets and...

ATHENS, Greece, Jan. 28, 2022 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$21,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 15, 2023. The charter is expected to commence on January 31, 2022. The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013. The employment of “Astarte” is anticipated to generate approximately US$9.35 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s...

Potential financing from EXIM would go towards SFIO’s real estate development projects in Batangas, Philippines. NEW YORK, Jan. 28, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC: SFIO) has received a letter of interest from the Export-Import Bank of the United States (EXIM), in support of SFIO’s real estate development projects in the Philippines. In their letter, EXIM, the official export credit agency of the United States, expressed interest in extending financing of up to $28.75 million, towards SFIO’s medical and retirement resort in Montemaria, Batangas, just south of Metro Manila in the Philippines. Potential debt financing from EXIM would be eligible for a maximum repayment term of seven years. This follows a series of partnerships and exploratory talks SFIO has spearheaded towards non-dilutive debt financing for...

BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects...

ATHENS, Greece, Jan. 28, 2022 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today the preliminary results of its previously announced offer to exchange up to 4,066,181 of its currently issued and outstanding common shares of the Company, par value $0.01 per share (the “Common Shares”), for newly issued shares of the Company’s Series B Convertible Cumulative Perpetual Preferred Stock, par value $0.01 and liquidation preference $25.00 (the “Series B Preferred Shares”) at a ratio of 0.28 Series B Preferred Shares for each Common Share (the “Exchange Offer”). The Exchange Offer expired at 5:00 p.m., New York City time, on Thursday, January 27, 2022. Based on the preliminary count by Computershare Trust Company, N.A.,...