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Day: May 31, 2022

Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer

LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) — Pactiv Evergreen (NASDAQ: PTVE) today announced that Jonathan “Jon” Baksht joined the company as Chief Financial Officer, effective May 27, 2022. Mr. Baksht serves as a member of Pactiv Evergreen’s Executive Leadership Team reporting to its President and Chief Executive Officer, Michael King. Mr. Baksht joins Pactiv Evergreen after having most recently served as Executive Vice President and Chief Financial Officer of Valaris Limited (“Valaris”), the world’s largest global offshore drilling contractor. Mr. Baksht succeeds Michael Ragen, Chief Financial Officer, whose last day at Pactiv Evergreen was also May 27, 2022.  Mr. Baksht has more than 20 years of strong and diverse financial experience across multiple industries, including six years as Chief Financial Officer for Valaris.  Mr....

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Dorman Wins Three Content Excellence Awards at ACPN Conference, Including Best Website

COLMAR, Pa., May 31, 2022 (GLOBE NEWSWIRE) — Dorman Products, Inc. (NASDAQ:DORM) won three awards for its best-in-class website and product content at the recent Automotive Content Professionals Network (ACPN) Knowledge Exchange Conference, recognizing the company for delivering significant value to its partners and a great experience to its customers. Dorman won top honors in the Web-Based Catalog category for DormanProducts.com, where users can easily search Dorman’s extensive catalog of products and find rich, detailed data and content to select the product they need. The site offers multiple search methods, including by vehicle application, keyword, interchange number, VIN and visual drilldown. Product description pages are filled with robust attributes, high-quality photography and videos, explanatory graphics, 360-degree...

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Black Hills Corp. Announces Colorado Electric’s Plan to Achieve 90% Reduction in Greenhouse Gas Emissions by 2030

RAPID CITY, S.D., May 31, 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced plans for its Colorado Electric utility subsidiary, doing business as Black Hills Energy, to achieve a 90% reduction in greenhouse gas emissions by 2030 based on 2005 levels. This milestone, and the journey to 2030, is outlined in the company’s Clean Energy Plan, “2030 Ready Plan,” submitted to the Colorado Public Utilities Commission on May 27, 2022. The plan establishes a roadmap and preferred resource portfolio for Black Hills Energy to cost-effectively achieve the state of Colorado’s “80 x 30” requirement calling upon electric utilities to reduce GHG emissions by a minimum of 80% by 2030. “Leadership in emissions reduction is nothing new for Black Hills Energy,” said Linn Evans, president and CEO of Black Hills Corp. “Our 2030 Ready...

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Miromatrix Announces Participation in the 2022 American Transplant Congress

EDEN PRAIRIE, Minn., May 31, 2022 (GLOBE NEWSWIRE) — Miromatrix Medical Inc. (NASDAQ: MIRO), a life sciences company pioneering a novel technology for bioengineering fully transplantable organs to help save and improve patients’ lives, announced its participation in the upcoming 2022 American Transplant Congress held on June 4th to June 8th, 2022. About MiromatrixMiromatrix Medical Inc. is a life sciences company pioneering a novel technology for bioengineering fully transplantable human organs to help save and improve patients’ lives. The Company has developed a proprietary perfusion technology platform for bioengineering organs that it believes will efficiently scale to address the shortage of available human organs. The Company’s initial development focus is on human livers and kidneys. For more information,...

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Brownie’s Marine Group Announces 107.5% Increase in Revenues for Q1-2022 vs. Q1-2021

Pompano Beach, FL, May 31, 2022 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced results for the first fiscal quarter ending March 31st, 2022. Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “We continue to grow across all business segments and are pleased so far with our Q1-2022 results in comparison to where we were a year ago. Our growth continues to be supercharged by our Blu3 division, so much so, that we decided to front load into Q1 the investments necessary to continue that pace of growth throughout the rest of the year.” Mr. Constable continued, “making those aggressive expenditures in expanding brand recognition this quarter swung...

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VALUE LINE, INC. ANNOUNCES RENEWAL OF STOCK REPURCHASE PROGRAM

NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — Value Line, Inc., (NASDAQ: VALU) reported that on May 31, 2022, the Board of Directors approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an additional amount of $3,000,000. The new repurchase program, which replaces the March 2022 program, has no set price limit and no expiration date and makes available a total of approximately $3.04 million. “Based on the Company’s current financial picture, we believe that renewal of the repurchase program is in the best interests of our shareholders,” said Howard A. Brecher, the Company’s Chairman and Chief Executive Officer.  During the twelve months ended April 30, 2022, there were 9,544,421 average common shares outstanding as compared to 9,596,912...

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Laredo Petroleum Announces $200 Million Share Repurchase Program

Debt Repayment Target Increased to ~$700 Million TULSA, OK, May 31, 2022 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced that its board of directors authorized a $200 million share repurchase program. The two-year program is authorized through May 27, 2024. Highlights:$200 million share repurchase program realizes the Company’s commitment to begin returning significant cash to shareholders approximately nine months ahead of schedule Debt repayment target updated to ~$700 million by year-end 2023 On track to achieve targeted Net Debt1/Consolidated EBITDAX1 ratio target of 1.0x by first-quarter 2023 Free Cash Flow1 for 2022-23 estimated at ~$900 million at current commodity prices“Today’s buyback announcement is the continuation of a three-year effort...

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AnPac Bio Reports 49.1% Decrease in Net Loss in First Quarter of Fiscal 2022

PHILADELPHIA, May 31, 2022 (GLOBE NEWSWIRE) — AnPac Bio-Medical Science Co., Ltd. (“AnPac Bio,” the “Company” or “we”) (NASDAQ: ANPC), a biotechnology company with operations in China and the United States, announced today its unaudited financial results for the first quarter ended March 31, 2022. The Company’s financial statements and related financial information for the quarter ended March 31, 2022 are unaudited and have not been reviewed by the Company’s independent registered accountant. These financial results could differ materially if they were reviewed by the Company’s independent registered accountant. Financial highlights for the First Quarter 2022Total revenue was approximately RMB2.0 million (US$309,000) for the first quarter of 2022, a decrease of 9.9% from approximately RMB2.2 million for the same period of 2021.Gross...

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ALPHA ENERGY, INC. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE 7 PRODUCING AND 21 ADDITIONAL OIL AND GAS WELL BORES IN SEMINOLE COUNTY, OKLAHOMA

GOLDEN, Colorado, May 31, 2022 (GLOBE NEWSWIRE) — Alpha Energy, Inc. (OTC.PK – APHE) (“Alpha”) announced today it has entered into a Purchase and Sale Agreement to acquire 28 oil and gas wells and other assets in the Mercury Project in Seminole County, Oklahoma. Mercury Project On May 26, 2022, Alpha entered into a definitive Purchase and Sale Agreement (“PSA”) with various Sellers to acquire certain oil and gas assets in the Mercury Project. Under the terms of the PSA, Alpha will acquire a 75% Working Interest and be Operator of the project, with a private entity taking a 25% non-operating position. Alpha shall make a cash payment of $562,500.00 toward the total purchase price of $750,000.00, with $25,000 of the total to be placed in an escrow account. Sellers also receive a 2% overriding royalty interest. The...

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