Day: April 26, 2022

LightEdge Announces Acquisition of NFINIT

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

DES MOINES, April 26, 2022 (GLOBE NEWSWIRE) — LightEdge, a leading provider of colocation, cloud, and managed service solutions, announced today the acquisition of NFINIT, an infrastructure solutions provider based in San Diego. This is LightEdge’s second acquisition over the last year, further positioning the organization as a leader in the compliant cloud and colocation space. Founded in 1989, NFINIT specializes in data center, cloud, security, connectivity, and managed services to deliver intelligent outcomes for a variety of clients in the Southwest. “We are extremely pleased to join forces with a very talented and quality NFINIT team,” LightEdge CEO Jim Masterson said. “Thanks to NFINIT’s reputation as the incumbent and largest colocation operator in the San Diego market, this strategic acquisition positions LightEdge for...

The Victory Bancorp, Inc. First Quarter Earnings

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

First Quarter HighlightsBook value per common share is $12.92 $2.5 million increase in stockholders’ equity since March 31, 2021 $0.05 per share cash dividend paid to shareholders Deposit increase of $47.8 million since March 31, 2021LIMERICK, Pa., April 26, 2022 (GLOBE NEWSWIRE) — The Victory Bancorp, Inc. (OTCQX: VTYB) announced unaudited results for the quarter ended March 31, 2022. Highlights include asset growth of $25.7 million and a $2.5 million increase in stockholders’ equity at March 31, 2022, compared to March 31, 2021. Net income was $931 thousand, totaling approximately $0.46 per common share fully diluted. The Company paid a cash dividend totaling $0.05 per share for the quarter ended March 31, 2022. Book value per share as of March 31, 2022, was $12.92. Deposits grew to $411 million at March 31, 2022, from $363...

Spordle acquires HiSports

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

MONTREAL, April 26, 2022 (GLOBE NEWSWIRE) — Spordle, a national leader in Sports Technology, announced the acquisition of HiSports Ventures Ltd., the official and exclusive league and tournament management platform of all minor hockey in British Columbia, Canada. In 2021, HiSports agreed to a five-year deal with BC Hockey and its districts as an exclusive and official supplier. All games in the BC Hockey jurisdiction must use the HiSports Electronic Scoresheet APP, regrouping 131 associations, over 2,750 teams and 65,000 minor hockey participants. HiSports APP includes:Electronic scoresheet Scheduler Referee booking Sanctions And other great functionalities beloved by usersAdding to the Spordle Ecosystem, HiSports APP will become Spordle Play which is already integrated to Hockey Canada Registry (HCR 3.0) platform powered by...

Davidson Kempner Capital Management LP : Form 8.3 – Homeserve Plc

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: Davidson Kempner Capital Management LP(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Homeserve plc(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: ...

Glen Burnie Bancorp Announces First Quarter 2022 Results

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

GLEN BURNIE, Md., April 26, 2022 (GLOBE NEWSWIRE) — Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2022. Net income for the first quarter was $0.23 million, or $0.08 per basic and diluted common share, as compared to $0.59 million, or $0.21 per basic and diluted common share for the three-month period ended March 31, 2021. On March 31, 2022, Bancorp had total assets of $437.4 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 119th consecutive quarterly dividend on May 9, 2022. “We reported solid earnings, strong credit quality metrics, and robust capital ratios for the first quarter of 2022 as we continue to invest in building out the foundation for prudent future...

Pinduoduo and Wageningen University conduct research on how to grow top-quality tomatoes using sustainable growing method

Written by Customer Service on April 26, 2022. Posted in Public Companies.

SHANGHAI, China, April 26, 2022 (GLOBE NEWSWIRE) — Pinduoduo, China’s largest agricultural platform, has teamed up with Wageningen University & Research (WUR) of the Netherlands to study ways to improve the quality of greenhouse-grown tomatoes. WUR is widely regarded as one of the world’s top agricultural research institutions. The study will experiment with varying levels of nutrient concentration and lighting in high-tech greenhouses to improve the quality of fruit without compromising on the output. To be conducted in two phases, the study first experimented with faster-growing dwarf tomatoes before validating the findings using regular greenhouse tomato cultivation. The dwarf tomatoes can be modified for cultivation in vertical farms, while the high-wire tomatoes are commonly grown in greenhouses. Bumble bees are employed...

Pinduoduo’s Smart Agriculture Competition inspires young researchers to develop practical precision technology

Written by Customer Service on April 26, 2022. Posted in Public Companies.

SHANGHAI, China, April 26, 2022 (GLOBE NEWSWIRE) — Agronomists and data scientists taking part in Pinduoduo’s Smart Agriculture Competition developed easy-to-use precision greenhouse management technology that boosted productivity and yield without need for special training on the part of growers. The tomato-growing greenhouse challenge was won by TomaGrow, made up mostly of alumni from Wageningen University & Research and China Agricultural University with deep industry experience. They beat three other teams in the final after being evaluated on yield, nutritional value, environmental sustainability and commercial viability. Over 120 researchers globally from 15 teams were shortlisted for the preliminary round of the competition. During the six-month challenge, contestants took different approaches, combining nutrition science,...

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Intertape Polymer Group Inc. Shareholders Vote FOR the Plan of Arrangement to be Acquired by an Affiliate of Clearlake Capital Group, L.P.

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

ISS and Glass Lewis recommend shareholders of Intertape Polymer Group Inc. vote in favour of the resolution approving a plan of arrangement to be acquired by an affiliate of Clearlake Capital Group, L.P. at the upcoming May 11, 2022 shareholder meeting ISS determined that the transaction is the result of a robust sale process involving the solicitation of interest from a wide variety of potential counterparties, and that the terms of the transaction also appear reasonable Glass Lewis believes the strategic review process appears to have been conducted fairly, in a manner which can be reasonably accepted to have resulted in the best available offer for the Company Shareholders are encouraged to vote well in advance of the proxy voting deadline of 12:00 p.m. (EDT) on May 9, 2022. Questions? Need help voting? Contact Kingsdale Advisors at...

Summit State Bank Reports 19% Increase in Net Income to $3,935,000 for First Quarter 2022 and Declaration of Dividend

Written by Customer Service on April 26, 2022. Posted in Dividend Reports And Estimates.

SANTA ROSA, Calif., April 26, 2022 (GLOBE NEWSWIRE) — Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2022 of $3,935,000 and diluted earnings per share of $0.59. This compares to net income of $3,317,000 and diluted earnings per share of $0.50 for the quarter ended March 31, 2021. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders. Dividend The Board of Directors declared a $0.12 per share quarterly dividend on April 25, 2022 to be paid on May 19, 2022 to shareholders of record on May 12, 2022. Net Income and Results of Operations Net income increased $618,000 or 19% the first quarter of 2022 compared to first quarter of 2021. Net interest income increased to $9,882,000 in the first quarter of 2022 compared to $9,190,000 in the first quarter of 2021. “The...

Starfleet Innotech cements US roadmap with series of investor meetings, strategic partnerships

Written by Customer Service on April 26, 2022. Posted in Public Companies.

Over the next two months, SFIO’s team will be engaging in similar talks with New York-based partners towards the end goal of solidifying SFIO’s portfolio businesses, such as Epiphany Cafe, in the United States. NEW YORK, April 26, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC Pink: SFIO) (“SFIO” or “The Company”) announces today a series of strategic meetings to cement its expansion roadmap in the United States. Over the next two months, representatives of the company will be traveling across the US to meet with strategic partners, fund managers, institutional investors and family offices across Las Vegas, San Francisco, and New York. Kicking off this leg of their global roadshow, Chief Investor Officer Richard De Lima and General Manager for Communications Santiago Arnaiz will be presenting SFIO at the...

Day: April 26, 2022

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