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Month: May 2022

IHT FISCAL YEAR REVENUE, PROFIT, AND EQUITY SHARPLY REBOUND; CLEAN ENERGY INNOVATION NEAR

Phoenix, AZ, May 27, 2022 (GLOBE NEWSWIRE) — InnSuites Hospitality Trust (NYSE American: IHT) reported a strong annual rebound with revenues ballooning by a 53% increase to $6.410 million for the most recent Fiscal Year 2022 (February 1, 2021, to January 31, 2022), which is up from the $4.203 million reported in the prior Fiscal Year. Total Consolidated Fiscal Year Net Income increased to a profit of $1,539,735, an improvement of approximately $4.4 million from the prior Fiscal Year loss of $2,827,840. Earnings Per Share based on this Consolidated Net Income amount were $0.03, up $0.34 from prior year loss of ($0.31), and also far exceeding their pre-Covid counterpart of Fiscal Year 2020. Total Trust Equity increased to $4,132,041 at the end of Fiscal Year 2022, up more than $1.6 million, from the $2,509,572 reported at the end...

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NVIDIA Recommends Stockholders Reject ‘Mini-Tender’ Offer by Tutanota LLC

SANTA CLARA, Calif., May 27, 2022 (GLOBE NEWSWIRE) — NVIDIA today announced that it recently became aware of an unsolicited “mini-tender” offer by Tutanota LLC to purchase up to 215,000 shares of NVIDIA common stock, representing significantly less than 1% of NVIDIA’s outstanding common stock. The offer price of $210 per share is conditioned on, among other things, the closing price per share of NVIDIA’s common stock exceeding $210 per share on the last trading day before the offer expires. This means that unless Tutanota waives this condition, NVIDIA stockholders who tender their shares in the offer will receive a below-market price. NVIDIA cautions stockholders that Tutanota has stated it expects to extend the offer for successive periods of 45 to 180 days, in which case payment would be delayed beyond the scheduled expiration...

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Central 1 reports 2022 first quarter financial results

VANCOUVER, British Columbia, May 27, 2022 (GLOBE NEWSWIRE) — Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $35.4 million for the first quarter (Q1) ended March 31, 2022.   Central 1’s reported results are reflective of the impact of widening credit spreads on the mark to market valuation of its Treasury securities portfolio as compared to its deposit funding. Total unrealized losses of $53.2 million overshadow strong earnings in other business lines and continued positive interest margin within the Treasury securities portfolio. “We continue to experience consistent performance and growth across many of our business lines and many fee-based businesses across the organization are exceeding 2022 forecasted earnings,” said Sheila Vokey, Central 1’s President and CEO. “Despite unrealized losses due to...

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Malaga Financial Corporation Announces 72nd Consecutive Quarterly Cash Dividend

PALOS VERDES ESTATES, Calif., May 27, 2022 (GLOBE NEWSWIRE) — Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on June 17, 2022. The dividend will be paid out on or about July 1, 2022. Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.26% annualized yield based on our most recent closing price of $23.50. Solid earnings and our strong capital level position us to continue to reward our shareholders for their investment.” Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. Malaga Bank has been named...

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Automotive Finco Corp. Files Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2022

Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. TORONTO, May 27, 2022 (GLOBE NEWSWIRE) — Automotive Finco Corp. (NEX: AFCC-H) (the “Company”) today announced that it has filed condensed interim consolidated financial statements for the three months ended March 31, 2022. The statements together with the Management Discussion and Analysis can be found on the Company’s SEDAR profile at www.sedar.com. About Automotive Finco Corp. Automotive Finco Corp. is a finance company focused exclusively on the auto retail sector. In addition to its interest in Automotive Finance LP, the Company may also pursue other direct investments and financing opportunities...

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Nokia Corporation: Repurchase of own shares on 27.05.2022

Nokia CorporationStock Exchange Release27 May 2022 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 27.05.2022 Espoo, Finland – On 27 May 2022 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 304,639 4.77CEUX 10,369 4.78AQEU 7,125 4.76TQEX 2,867 4.76Total 325,000 4.77* Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014...

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NANO MAGIC SELLS MAJORITY INTEREST IN APPLIED NANOTECH TO EMPLOYEES AND ELECTS DAVID SHERBIN TO BOARD

MADISON HEIGHTS, Mich., May 27, 2022 (GLOBE NEWSWIRE) — Nano Magic Holdings, Inc. (OTCMKT: NMGX) (“Nano Magic” or the “Company”), a leader in nanotechnology-powered cleaning, protection and anti-fog solutions announced that effective at the end of the month it is selling a majority interest in Applied Nanotech, Inc. (“Applied Nanotech”) to the employees of that subsidiary. Jacque Soptick, an employee for over 20 years, became the majority owner of Applied Nanotech. She stated: “We are excited for this new chapter of Applied Nanotech as a woman-owned business. After more than two decades, the time has finally arrived to take ownership of its future.” Dr. Richard Fink, the other purchaser who is continuing as the chief scientist explained: “After decades of commitment to Applied Nanotech, Jacque and I can now call it our own. I look...

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Alamos Gold Announces Results of the Annual General and Special Meeting of Shareholders

TORONTO, May 27, 2022 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders (the “Meeting”). Results of the Meeting The Company is reporting the voting results of its Meeting held virtually on Thursday, May 26, 2022. The summary of the results are as follows:Total Shares Voted: 295,085,862Total Shares Issued and Outstanding: 392,142,349Total Percentage of Shares Voted: 75.25%   1. Election of Directors Each of the nominee directors listed in Alamos’ management proxy circular dated April 7, 2022 was elected as a director as set forth in the table below:Name of Nominee Vote For % Withheld Vote %Elaine Ellingham 203,846,524 77.01 60,859,734 22.99David Fleck 240,867,743 90.99 23,838,515 9.01David...

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Azucar Completes First Hole at New Porphyry Lithocap Target at the El Cobre Project, Mexico

VANCOUVER, British Columbia, May 27, 2022 (GLOBE NEWSWIRE) — Azucar Minerals Ltd. (“Azucar” or the “Company”) (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce that it has completed drilling the first hole into the large lithocap target discussed in its press release of April 6, 2022. The first hole initially passed through typical clay dominant lithocap alteration into phyllic alteration, then continued to propylitic alteration and at depth intense biotitic potassic alteration. Some high temperature zones of pyrophyllite and diaspore alteration were intersected confirming the in-situ interpretation for the lithocap, derived from deep porphyry fluids. The hole was drilled to 1280 metres, near vertically at -80 degrees, and only tested a small area of the large lithocap footprint at surface and is interpreted...

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Global Tech Industries Group, Inc. gives further instructions to shareholders regarding its digital dividend.

New York, NY, May 27, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has further instructions for its shareholders, as of the record date of May 9, 2022, who want to accept ownership of their digital dividends in the form of Shibu Inu tokens. Once Liberty Stock Transfer, Inc., the company’s transfer agent, has compiled the complete list of shareholders requesting their digital tokens, it will send the list to www.beyondblockchain.us. If the shareholder has an account there, the tokens will automatically be deposited into their digital wallet. If the shareholder does not have an account there, they can go on the www.beyondblockchain.us website and open an account and the tokens will be deposited into their new accounts....

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