Month: March 2022
Featured Image for Mastek
Featured Image for MastekDALLAS, March 09, 2022 (GLOBE NEWSWIRE) — Mastek, a global digital engineering & cloud transformation specialist, announced that David Rutchik has joined Mastek’s US Board. David is the Managing Partner of The Dorzac Group, a private investment, executive advisory, and private equity operating support provider.
Previously, David was the Executive Managing Director of Pace Harmon, a leading consulting and advisory firm servicing global Fortune 500 and Private Equity clients, which he sold to a strategic buyer a year ago in a highly successful exit. He brings over 25 years of experience leading numerous IT and business process outsourcing (ITO and BPO) multi-tower transactions, strategic sourcing across multiple complex categories, M&A integration/divestitures,...
1stDibs Launches Significant Updates to Its NFT Platform
Written by Customer Service on . Posted in Public Companies.
Upcoming Exhibitions Include Sparrow Read Curated Exhibit and New Works by Ignasi Monreal
NEW YORK, March 09, 2022 (GLOBE NEWSWIRE) — 1stDibs, a leading marketplace for extraordinary design, today announced new features including the expansion of its curated NFT marketplace. This launch creates a seamless experience for digital creators and introduces a secondary market for collectors on 1stDibs.
This major update to the platform allows vetted creators and artists to upload their work, mint and list for sale on 1stDibs autonomously. Additionally, secondary market features allow any owner of an NFT purchased through 1stDibs to list and sell the work on the platform. Tokens are minted and sales are conducted securely on the Ethereum blockchain. By streamlining the upload and minting process, 1stDibs facilitates the fast-paced, trading-driven...
UniDoc Commences Trials with OnPharm-United
Written by Customer Service on . Posted in Public Companies.
Successful test result would open door to 300+ pharmacy installations in Ontario
VANCOUVER, British Columbia, March 09, 2022 (GLOBE NEWSWIRE) — UniDoc Health Corp. (CSE: UDOC) (FRA: L7T) (“UniDoc,” or the “Company”), an innovator in the telehealth sector, is pleased to announce it has commenced pilot trials at three commercial pharmacies in Ontario pursuant to a letter of intent (the “LOI”) with OnPharm-United, a network of independent pharmacies in Canada.
OnPharm-United was founded by independent pharmacy owners, for independent pharmacy owners. The board members and executives of the organization operate independent pharmacies and understand the needs, challenges, and opportunities of their over 600 independent pharmacy members across Ontario.
The LOI, which was originally entered into on October 8, 2021, sets forth the terms...
Nordic American Tankers Ltd (NYSE: NAT) – An extremely busy period for NAT. Political uncertainty normally stimulate the NAT activities
Written by Customer Service on . Posted in Public Companies.
Wednesday, March 9, 2022
Dear Shareholders and Investors,
The following transactions indicate how active NAT has been recently: Two six-year time charters with Oman interests, securing cashflow, return and financial stability. In total more than USD 100 million in income
First drawdown for the $88 million newbuilding financing undertaken
Sale of three Suezmax vessels concluded – value $45 millionThe elements above stimulate the NAT business.
Yesterday the US imposed a ban on imports of Russian Oil. Russian crude oil accounted for about 3% of total US crude oil imports last year.
Europe imports about one third of its oil from Russia.
With increased sanctions and prolonged uncertainty, Europe will source oil from elsewhere, such as West Africa, Americas and the Middle East.
Therefore, oil has to travel longer distances and more transportation...
Movement Industries Corporation Appoints New CFO and Increases Revenues by Approximately 84% over Previous Quarter
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Company Adds Key Management and Continues Revenue Growth
Houston, TX, March 09, 2022 (GLOBE NEWSWIRE) — Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) proudly announces it has appointed Jack E. Leal as Chief Financial Officer. Mr. Leal brings over 27 years of senior level experience in accounting, tax, and compliance oversight for both private and publicly held companies with roles at Petrochem Field Services, Inc., GollobMorganPeddy PC, Ham, Langston & Brezina, LLP, ExpressJet Airlines, Inc., Continental Airlines, Inc. and Deloitte and Touche, LLP. Mr. Linh Nguyen, CEO of the Company, stated, “We are excited to have Mr. Leal provide his experience and leadership to our company as we continue the growth and expansion in 2022 and beyond.” Mr. Leal, new Chief Financial Officer, affirmed, “I personally believe...
Alpha Pro Tech, Ltd. Announces Fourth Quarter and Year Ended December 31, 2021 Financial Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Sales for 2021 of $68.6 million, Second Highest in Company History, Only Exceeded by Record Year Comparable Sales in 2020 from COVID-19 Related Pandemic Revenue
Building Supply Sales Increase by 21% to a Record $36.9 MillionNet sales in 2021 of $68.6 million, second highest in Company history, compared to $102.7 million in 2020. Comparative sales in 2021 were significantly affected by COVID-19 in 2020.Building Supply segment sales increased by 20.6%, to a record $36.9 million in 2021, compared to $30.6 million in 2020.
Disposable Protective Apparel segment sales decreased by 56.0% to $31.7 million, compared to $72.1 million in 2020.Net income in 2021 of $6.7 million, or $0.50 per diluted share, compared to net income of $26.9 million, or $1.92 per diluted share in 2020.
Cash of $16.3 million and working capital of $50.3 million...
Diana Shipping Inc. Announces Time Charter Contract for m/v Florida With Bunge
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ATHENS, Greece, March 09, 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 Bunge S.A., Geneva, for one of its Capesize dry bulk vessels, to be named “Florida”. The gross charter rate is US$25,900 per day, minus a 5% commission paid to third parties, for a period of minimum fifty-eight (58) months to maximum sixty-two (62) months. The charter is expected to commence on March 29, 2022.
As previously announced on December 3, 2021, the m/v Florida is a 2022 Japanese new-building Capesize dry bulk vessel of approximately 181,500 dwt that the Company entered into an agreement to purchase in December 2021. The vessel is now...
INVL Life, a subsidiary of Invalda INVL, has obtained an insurance company licence
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INVL Life, a subsidiary of Invalda INVL, has been granted by the Bank of Lithuania a licence to conduct life insurance activities by the Bank of Lithuania.
INVL Life was established as part of the group’s preparations for the acquisition of the Baltic business of the Finnish life insurance company Mandatum Life. INVL Life has a paid-in share capital of EUR 48 million. That is the largest share capital among life insurance companies registered in the Baltic countries.
“This is an important step in expanding the insurance market and life insurance services in Lithuania. It is the first life insurance licence issued in the country in the last 20 years,” says Rasa Kasperavičiūtė, CEO of INVL Life.
Completion of the insurance business acquisition is expected in the coming months. At that point, INVL Life will take over Mandatum Life’s insurance...
Greater Manchester bus reform judicial review
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9 March 2022
Greater Manchester bus reform judicial review
Stagecoach Group plc (“Stagecoach”) notes the decision of the High Court (“the Court”) today 9 March 2022 in respect of its judicial review claim regarding the consultation process followed by Greater Manchester Combined Authority (“GMCA”) in connection with plans for a bus franchising scheme in the region. The Court ruled against Stagecoach’s claim.
GMCA undertook a public consultation in December 2020 and January 2021 after re-evaluating its previously announced franchising plans in light of the Covid-19 pandemic. In March 2021, after GMCA recommended by a majority that the scheme should proceed, the Mayor of Greater Manchester approved the proposal.
Stagecoach believed that GMCA’s process failed to meet the standards on proper evidence and analysis...
HPQ Silicon Issued U.S. Patent For PUREVAP™ Quartz Reduction Reactor Technology
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MONTREAL, March 09, 2022 (GLOBE NEWSWIRE) — HPQ Silicon Resources Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an innovative silicon solutions and technology development company, is pleased to inform shareholders that further to our Nov. 29 2021 release, the United States Patent and Trademark Office issued U.S. Patent No. 11,267,714 entitled “SILICA TO HIGH PURITY SILICON PRODUCTION PROCESS” to HPQ SILICON RESOURCES INC on March 8 2022.
HPQ US PATENTED PUREVAPTM QRR PROCESS: THE KEY TO OUR DEVELOP & MONETIZE STRATEGY The US patent covers the PUREVAPTM Quart Reduction Reactor (QRR) innovative process, which permits the one-step transformation of quartz (SiO2) into high purity silicon metal (up to 4N+ Si), the material sought after by battery makers and high value applications manufactures,...
