Day: June 10, 2022

LONG ISLAND CITY, N.Y., June 10, 2022 (GLOBE NEWSWIRE) — On May 31, 2022, the Securities and Exchange Commission (Commission) filed a civil lawsuit alleging civil violations of the federal securities laws against iFresh, Inc. (“iFresh” or the “Company”) and Long Deng, the company’s Chief Executive Officer throughout the period at issue in the Complaint, for not fully disclosing related party transactions, which, the Commission alleged made certain of the Company’s financial statements materially inaccurate. Mr. Deng, through one of his attorneys, Jacob Frenkel, Chair of the Securities Enforcement and Government Investigations Practice at national law firm, Dickinson Wright, PLLC, responds to the allegations. “Mr. Deng looks forward to his day in court to fight vigorously the SEC’s allegations. The defense that Mr. Deng will present...

FREMONT, CA, June 10, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – ABVC Biopharma, Inc. (NASDAQ: ABVC), a clinical stage biopharmaceutical company developing therapeutic solutions in oncology/hematology, CNS, and ophthalmology, today announced that two contracts entered into in the last 45 days have been terminated.   The first of the two contracts, announced on May 3, 2022, was a $3.0 million clinical services agreement between BioKey, a wholly-owned subsidiary of the company based in Fremont, California, and NeuCen BioMed, based in Taipei, Taiwan.  Under the terms of the now terminated agreement, BioKey was to be paid $3.0 million over a 3-year period to guide two NeuCen drug products, CEN501 and NEU001, through completion of Phase II clinical studies under U.S. FDA IND regulatory requirements. ABVC and NeuCen had also agreed,...

NEW YORK, June 10, 2022 (GLOBE NEWSWIRE) — BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a healthcare products and services provider, today announced that on June 9, 2022, the Company entered into a Stock Purchase Agreement with Mr. Fnu Oudom, the Chairman of the Board of the Company, for the sale of 12,500,000 shares of common stock of the Company for $5 million, subject to stockholder approval. On June 9, 2022, the Company entered into a Stock Purchase Agreement (the “SPA”) with the Chairman of the Board of the Company, Mr. Fnu Oudom, whereby Mr. Oudom agreed to purchase 12,500,000 shares of common stock of the Company (the “Common Stock”) for $5 million, or $0.40 per share (the “Chairman’s Shares”), subject to stockholder approval. The purchase price per share reflects a 9% discount on the five-day...

FORT LAUDERDALE, FL, June 10, 2022 (GLOBE NEWSWIRE) — SFLMaven Corp. (OTC Pink: SFLM), (“SFLMaven” or the “Company”) (www.sflmaven.com), a leading provider of high-end luxury goods, is pleased to announce that Joseph Ladin, the Company’s CEO, returned to MoneyTV for another in-depth interview with Donald Baillargeon. The interview went live this morning and can be accessed here. In the interview, Ladin discussed the Company’s strong sales performance so far in 2022, highlighting results that include nearly $5 million in year-to-date sales, up 19% year over year, with 4% growth in average sales price, 15% growth in items sold, and 17% growth in repeat buyers, showing strong retention and customer satisfaction. Ladin also highlighted the Company’s recent launch of the world’s first native virtual dealership...

Rovio Entertainment Corporation, creator of the Angry Birds franchise, has appointed Andy Muesse as Head of Studios. He will start in this role immediately. Muesse will also become a member of Rovio’s leadership team.  Andy Muesse joined Rovio in 2020 as studio Head for Rovio Stockholm. The Stockholm studio is comprised of a 80-person team responsible for Angry Birds 2 as well as new game development projects. As Head of Studios all Rovio game studios in Finland, Sweden, Denmark and Canada will be reporting to Muesse.  “Crafting joy is hard work. We want our studios to have more support driving and executing the games portfolio roadmap, thinking about their lineup of games and working together to create successful games that delight players for years to come. Andy’s deep understanding of product, knowledge of the market and strategic thinking...

Bulletin from the annual general meeting of Hoylu AB (publ) on 10 June 2022 The annual general meeting of Hoylu AB (publ) (the “Company“) was held today, 10 June 2022, the resolutions were passed with required majority in accordance with the board’s published proposals. The main resolutions adopted by the meeting are set out below. Profit appropriation etc. The annual general Meeting approved the balance sheet and consolidated financial statements as of 31 December 2021 included in the annual report, as well as the income statement and consolidated income statement for the financial year 2021. The meeting resolved that no dividend shall be paid for the financial year 2021 and that the remaining funds shall be transferred to new account. The meeting granted all directors during the financial year of 2021 and the CEO discharge...