Day: May 17, 2022

Telestream Acquires Encoding.com

Written by Customer Service on May 17, 2022. Posted in Mergers And Acquisitions.

Telestream’s 13th acquisition extends market leadership in global cloud video media processingDan Castles Dan Castles, CEO of TelestreamNevada City, CA., May 17, 2022 (GLOBE NEWSWIRE) — In a strategic move that further extends its reach in the cloud-media processing sector, Telestream®, a portfolio company of Genstar Capital, has announced its acquisition of Encoding.com, an Emmy award winning cloud media processing platform used by Fortune 1000 Media & Entertainment companies, streaming services, broadcasters, and corporate video customers around the globe. The acquisition solidifies Telestream’s market leadership in file-based video media workflows and orchestration from on-prem to cloud. “Over Encoding.com’s 13-year history, the company has generated significant traction powering video supply chains for leading streaming...

Yooma Wellness Reports Results for Q4 and Fiscal 2021, Exceeding Forecasts with Revenue of US$5.3M in Q4 2021

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Toronto, Ontario, Canada, May 17, 2022 (GLOBE NEWSWIRE) — Yooma Wellness Inc. (“Yooma” or the “Company“) (CSE: YOOM, AQSE:YOOM), a Toronto-based vertically-integrated global wellness platform that develops and markets a portfolio of wellness brands, today released its annual financial statements (the “Financial Statements“) for the financial year ended December 31, 2021 (the “Reporting Period“). A summary of Yooma’s operational and financial highlights during the Reporting Period are set out below and more detailed information is contained in the Financial Statements and related Management Discussion and Analysis, which are available on Yooma’s SEDAR page at www.sedar.com. Lorne Abony, Chairman at Yooma commented “We are delighted with the Q4 results, which position...

Trust Stamp partners with letus to deliver world-class security in the rental space

Written by Customer Service on May 17, 2022. Posted in Public Companies.

Privacy-first biometric technology transforms security, risk management, and fraud prevention for landlords and renters ATLANTA, GA, May 17, 2022 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces a partnership with letus (previously RentMoola), a cloud platform disrupting the rental industry with innovative financial solutions like flexible rent. Together, letus and Trust Stamp are transforming rental accessibility and risk management with secure screening and financial tools backed by leading biometric identity verification and data protection solutions. letus empowers renters to balance their paychecks and build their financial status through flexible rent and credit bureau...

Correction: Industrial Nanotech Inc. Achieves Stellar Financial Performance in the First Quarter of Fiscal 2022

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Industrial Nanotech, Inc. reports record revenue growth of $3 million in the first quarter of fiscal 2022Revenue of $3M 678% Q/Q revenue growth Net income of $1.6M Gross profit margin of 60%BROOMFIELD, Colo., May 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Industrial Nanotech, Inc (Pink Sheets: INTK). Despite strong economic headwinds, global nanoscience solutions and research leader Industrial Nanotech, Inc. posted sterling financial results for the first quarter ended March 31, 2022. The company posted a March quarter revenue record of $3m, up 678% on the previous quarter (December 31, 2021) of $385,793; the most positive result ever recorded in the company’s history. Stuart Burchill, CEO of Industrial Nanotech, said, “We delivered an exceptional first-quarter performance with record revenue profitability, driven by strong...

Introducing Stellar Bank: New Bank Resulting From the Merger of Equals Between CommunityBank of Texas, N.A. and Allegiance Bank

Written by Customer Service on May 17, 2022. Posted in Mergers And Acquisitions.

HOUSTON, May 17, 2022 (GLOBE NEWSWIRE) — CBTX, Inc. (NASDAQ: CBTX) (CBTX), the parent company of CommunityBank of Texas, N.A., and Allegiance Bancshares, Inc. (NASDAQ: ABTX) (Allegiance), the holding company of Allegiance Bank, jointly announced today that Stellar Bancorp, Inc. will be the name of the combined company and Stellar Bank will be the name of the combined bank to be created through their merger of equals. Upon completion of the merger, Stellar Bank is expected to have over $11 billion in assets and have the 6th largest deposit market share in Houston. Robert R. Franklin, Jr., Chairman, CEO and President of CBTX, Inc. who will serve as Stellar Bancorp, Inc.’s CEO said, “When we heard the name Stellar, it fit. We are in a unique position to establish a financial institution with significant scale that operates with the...

Unisync Reports a 16% Revenue Increase in Q2 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — Unisync Corp. (“Unisync”) (TSX:”UNI”) (OTCQX:“USYNF”) announces improved financial results for its second quarter ended March 31, 2022. Unisync operates through two business units: Unisync Group Limited (“UGL”) with operations throughout Canada and the USA and 90% owned Peerless Garments LP (“Peerless”), a domestic manufacturing operation based in Winnipeg, Manitoba. UGL is a leading customer-focused provider of corporate apparel, serving many leading Canadian and American iconic brands. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing and accessories for a broad spectrum of Federal, Provincial and Municipal government departments and agencies. Results for Q2 2022 versus Q2 2021 Revenue for the...

AgEagle Announces First Quarter 2022 Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Supply Chain Challenges Impact First Quarter Results; Expects Strong Organic Growth for the Year WICHITA, Kan., May 17, 2022 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), a leading provider of a unified line of industry trusted drones, sensors and software, today announced its financial results for the three months ended March 31, 2022. Financial Highlights for the Comparable Three-Month Periods Ended March 31, 2022 and March 31, 2021Revenues climbed 126% to $3.84 million compared to $1.70 million.The increase was attributable to sales of eBee drone products and software subscriptions related to the HempOverview and Ground Control platforms, offset by lower revenues reported for the Company’s sensor products. The decline in sensor sales was caused by ongoing global supply...

BioCorRx Business Update for the First Quarter of 2022

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

ANAHEIM, CA, May 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – BioCorRx Inc. (OTCQB: BICX) (the “Company”), a developer and provider of innovative treatment programs for substance abuse and related disorders, today provided a business update for the first quarter ended March 31, 2022 and reported on recent corporate developments. Lourdes Felix, CEO, CFO and Director of BioCorRx Inc., commented, “We are pleased to report progress on our upcoming first-in-human clinical trial of BICX104, an implantable biodegradable naltrexone pellet for the treatment of opioid use disorder (OUD), which is being developed under BioCorRx Pharmaceuticals, Inc., the Company’s controlled R&D subsidiary.” “Last month, we announced that we have begun the recruiting and enrollment process for the clinical trial. This was a major milestone as it marks...

Kaya, Inc. Announces Preliminary Results of Operations for the First Four Months of 2022

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

LOS ANGELES and KINGSTON, Jamaica, May 17, 2022 (GLOBE NEWSWIRE) — NUGL Inc. (“NUGL”) (OTC: NUGL), a global cannabis lifestyle brand and technology-based multimedia platform, announced today the Kaya Group (“Kaya”) posted preliminary revenues of $741,003.00 for the first four months of 2022. For the first four months of Fiscal 2022, which include January through April, Kaya, Inc. had unaudited revenues of $741,003.00 and adjusted EBITDA of -$104,275.00. For the month of April, Kaya had unaudited revenues of $215,341.00 and positive adjusted EBITDA of $47,534.00. For the Fiscal Year ending December 31, 2021, Kaya posted unaudited gross revenues of $2.2 million, with gross margins of 61%. Adjusted EBITDA for Fiscal 2021 showed a small loss of $71,000.00. Nearing the middle of 2022, Kaya is now approaching its 4 1/2-year...

C-Bond Systems Announces Record First Quarter 2022 Revenue, an Increase of 228% from First Quarter 2021

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, May 17, 2022 (GLOBE NEWSWIRE) — C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, today announced financial results for the quarter ended March 31, 2022, reporting record first quarter revenue in excess of $510,000, an increase of 228% from the first quarter of 2021. This is the highest revenue that the Company has reported in any first quarter in its history. First Quarter 2022 Financial Highlights:For the three months ended March 31, 2022, sales amounted to $510,709 as compared to $155,650 for the three months ended March 31, 2021, an increase of $355,059, or 228.1%. For the three months ended March 31, 2022, operating expenses amounted to $1,934,843 as compared to $4,969,864 for the three months ended March 31, 2021, a decrease of $3,035,021, or 61.1%. For the three months...

Day: May 17, 2022

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