Day: June 29, 2022

Freddie Mac Takes Further Action to Help Renters Achieve Homeownership

Written by Customer Service on June 29, 2022. Posted in Public Companies.

Company will factor on-time rent payments into loan purchase decisions MCLEAN, Va., June 29, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions. Beginning July 10, 2022, this automated functionality will be available to mortgage lenders nationwide through Freddie Mac Loan Product Advisor® (LPA), the company’s automated underwriting system. “This extremely important initiative will help many renters move closer to achieving the dream of homeownership,” said Michael DeVito, CEO of Freddie Mac. “Millions of American adults lack a credit score or have limited credit history. By factoring in a borrower’s responsible rent payment history into our automated underwriting...

Ultrack’s Newest Acquisition M-Loan Inc. Reports Highest Corporate Revenue Ever in 2021

Written by Customer Service on June 29, 2022. Posted in Public Companies.

Concord, Ontario, June 29, 2022 (GLOBE NEWSWIRE) — Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that Ultrack’s newest acquisition “M-Loan Inc.” has reported its highest corporate revenue ever in fiscal year 2021, thereby more than tripling Ultrack’s overall Company revenue. Ultrack CEO Michael Marsbergen proudly commented on M-Loan’s record year: “Ultrack fully acquired M-Loan Inc. because of the strategic footprint it provides the Company within broader USA markets while immediately adding additional value to Ultrack’s bottom line. With M-Loan’s record revenue year I am proud to say that Ultrack has basically tripled our overall corporate revenue. I am working towards building the Ultrack brand...

Evli Plc’s Board of Directors has decided to establish a new Share-Based Incentive Plan

Written by Customer Service on June 29, 2022. Posted in Public Companies.

EVLI PLC STOCK EXCHANGE RELEASE June 29, 2022 AT 5:00 p.m. (EET/EEST) The Board of Directors of Evli Plc has decided to establish a new share-based incentive plan for selected key employees of the group. The purpose of the plan is to align the interests of the company’s owners and key employees in order to increase the company’s value in the long term, and to commit key employees to implement the company’s strategy, objectives and long-term interest, and to offer them a competitive incentive plan based on earning Evli Plc’s shares. The plan consists of three one-year performance periods commencing on June 1, 2022, 2023 and 2024, and ending on May 31, 2023, 2024 and 2025. In the plan, the target group has the opportunity to earn Evli Plc’s series B shares based on performance. The Board of Directors decides on the performance criteria...

Performance Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2022

Written by Customer Service on June 29, 2022. Posted in Earnings Releases And Operating Results.

ATHENS, Greece, June 29, 2022 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a net loss from continuing and discontinued operations of $2.1 million and net loss from continuing and discontinued operations attributable to common stockholders of $11.5 million for the first quarter of 2022, compared to a net loss from continuing and discontinued operations and net loss from continuing and discontinued operations attributable to common stockholders of $2.9 million for the same period in 2021. Net loss from continuing and discontinued operations attributable to common stockholders for the three-month period ended March 31, 2022 included a one-time non-cash deemed dividend of $9.3 million, stemming from the exchange...

Starfleet Innotech Signs LOI to Acquire PPM Toys

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC Pink: SFIO) announced today it has entered into an agreement with North America-based toy manufacturing and licensing powerhouse PPM Toys to jointly explore an acquisition towards accelerating both companies’ global growth efforts. Through this partnership, formalized with a signed Letter of Intent, SFIO will be pursuing a majority ownership interest in PPM Toys, supporting the company’s continued growth into international markets, through traditional channels as well as in the fields of e-commerce and non-fungible tokens (NFTs). Revenues from these initiatives are expected to reach roughly $2.7 million in 2022, growing to $8 million in 2023. PPM Toys is a US-based B2B company, with headquarters in Monterrey, Mexico as well as offices in Hong Kong, that specializes...

Laser Cutting Machines Market Size, Share & Industry Analysis till 2029 | Fortune Business Insights™

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

Companies covered in the Laser Cutting Machines Market are TRUMPF, Coherent, Inc, IPG Photonics Corporation, FANUC Corporation, AMADA MACHINE TOOLS CO., LTD, Bystronic Laser AG, JENOPTIK AG, LaserStar Technologies Corporation, Mazak Optonics Corporation, and DMG MORI Pune, India, June 29, 2022 (GLOBE NEWSWIRE) — The global Laser Cutting Machines Market size is estimated to gain impetus from the rise in production requirements by various industries. In addition to this, the growing need for reducing manual labor and improving the quality of metal processing in manufacturing and automation industries will also add impetus to the growth of the market. A recent report by Fortune Business Insights titled, “Laser Cutting Machines Market Size, Share & Industry Analysis, and Regional Forecast, 2022-2029” discusses the market and its...

Performant Capital Acquires Design Manager From 1stDibs

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

CHICAGO, June 29, 2022 (GLOBE NEWSWIRE) — Performant Capital, a Chicago-based private equity firm focused on investments in technology-driven companies, announced today that it has acquired Design Manager from 1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design. Design Manager is a leading project management and accounting software company for the interior design industry. Founded in 1984, Design Manager has been serving top interior design firms for more than 40 years. The company offers a comprehensive software workflow solution and clients use the platform to manage design projects totaling $2 billion in billings annually. The Design Manager product offers a feature set that is uniquely suited to improve efficiency and increase profitability for interior design firms. “Design Manager is a comprehensive product...

Flat Steel Market Size, Global Demand and Future Outlook 2029 | Fortune Business Insights™

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

Companies covered in the flat steel market are ArcelorMittal, Shougang Group Co. Ltd Tata Steel, POSCO, Nippon Steel & Sumitomo Metal Corporation, China Baowu Steel Group Corporation Limited and more players profiled. Pune, June 29, 2022 (GLOBE NEWSWIRE) — The global flat steel market will derive growth from the increasing applications of the product across diverse industry verticals. The presence of several large scale companies will emerge in favor of market growth. According to a report by Fortune Business Insights, the market will rise at a considerable pace driven by the massive investments in product R&D by major companies across the world. List of companies profiled in the report:ArcelorMittal Shougang Group Co. Ltd Tata Steel POSCO Nippon Steel & Sumitomo Metal Corporation China Baowu Steel Group Corporation...

Robotic Air Purifier Market to Witness Huge Surge in Demand in 2022 | Fortune Business Insights™

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

Companies covered in the Robotic Air Purifier Market are Partnering Robotics, iRobot Corporation, Milagrow Business and Knowledge Solutions, Dyson, Fine Robotics Co. Ltd., Ecovacs etc. Pune, India, June 29, 2022 (GLOBE NEWSWIRE) — The global robotics purifier market size will witness healthy growth backed by rising cases of pollution across several economies. Fortune Business Insights, published this information in its latest report, titled “Robotic Air Purifier Market Size, Share & Industry Analysis, By Type (HEPA, Active Carbon, Electrostatic Precipitator, Ion and Ozone Generator, Others), By Application (Residential, Commercial) Others and Regional Forecast, 2022-2029.” Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/robotic-air-purifier-market-102027 According to the data provided...

Dave & Buster’s Completes Acquisition of Main Event

Written by Customer Service on June 29, 2022. Posted in Mergers And Acquisitions.

DALLAS, June 29, 2022 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, today announced the completion of its acquisition of Main Event from Ardent Leisure Group Limited (ASX: ALG) (“Ardent Leisure”) and RedBird Capital Partners (“RedBird”), following regulatory review and approval from Ardent Leisure shareholders. As previously announced in April 2022, the transaction was unanimously approved by both Boards of Directors. Chris Morris, the current CEO of Main Event has been named CEO of Dave & Buster’s and a member of its Board of Directors. “We are very excited to officially welcome the Main Event team to Dave & Buster’s and to begin capitalizing on the enormous...

Day: June 29, 2022

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