Month: June 2022

METTAWA, Ill., June 06, 2022 (GLOBE NEWSWIRE) — Brunswick Corporation announced that (NYSE: BC) Freedom Boat Club this week is expected surpass 50,000 memberships across its 360 global locations, made up of both corporate locations and a continually growing network of franchise partners. Freedom’s 50,000 memberships cover more than 75,000 global members constituting a growing, energetic, and diverse community of boating enthusiasts.  Freedom has become a catalyst for new and future generations of boating participation, strengthening the entire industry. Since Brunswick’s acquisition of Freedom in 2019, the company has more than doubled its memberships, locations, and the number of boats in its fleet. Through organic growth and completed acquisitions of former franchise territories, even excluding synergies, Freedom’s contribution...

New York, NY , June 06, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — The company (SMKG:OTCQB) today to announced a JV partnership with KanaCash, a digital fintech organization based in Africa. The partnership aims at providing KanaCash our proprietary Intellectual Property Portfolio offering to enable a marketplace linked with digital wallet for the merchant and customers based in Africa – offering them a unique solutions in digital payments. The JV enables KanaCash to reach their goal and aims at capitalizing and implementing the tech suite in the untapped market.  More than two million Sub-Saharan African immigrants living in the US transfer money to families regularly. More individuals have a mobile money account than a traditional bank account in Sub-Saharan Africa. Access to mobile money agents is more widespread,...

IRVING, Texas, June 06, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) today announced the next step in its multipart Capital Deployment Strategy (“Strategy”), previously announced on September 30, 2021 as part of a broader mandate to maximize shareholder value, proactively negotiate our remaining debt maturities and reduce the overall amount of debt along with repurchases of common stock. The Company remains focused on strengthening its financial foundation for improved cash flow generation which is essential for shareholder value expansion. The Company’s Strategy calls for initiating sale processes for several stand-alone assets that are expected to generate proceeds in excess of $200 million. The Company may supplement this effort by raising lower cost debt and equity capital...

HALIFAX, Nova Scotia, June 06, 2022 (GLOBE NEWSWIRE) — Today, MedMira Inc. (MedMira) (TSXV: MIR) announces the receipt of a U.S. patent (number 11,353,450) for their new innovative and quantitative test system. Through this new patent, MedMira is to further diversify its patent portfolio and expand on its Rapid Vertical Flow Technology® (RVF) based diagnostic tests. This is a step forward in empowering the Company’s strategic vision by offering a rapid multiplexed quantitative diagnostic system from screening to confirmation to monitoring disease progression. The synergies between both patented technologies allow MedMira to continue its corporate aim to provide the market with a highly effective and affordable alternative to the current costly and time-consuming screening and monitoring systems. “Our RVF Technology® based rapid...

Foresight Enterprise VCT PLCLEI: 213800MWJNR3WZZ3ZP42 Exit: Sale of portfolio company Codeplay Software to an undisclosed buyer delivers 15.7x cash-on-cash return for Foresight Enterprise VCT and other Foresight-managed funds The Board of Foresight Enterprise VCT Plc (“FEVCT” or the “Company”) is pleased to announce the sale, subject to regulatory approval, of portfolio company Codeplay Software Limited (“Codeplay”) to a US corporate buyer on 31 May 2022. Codeplay is one of the UK’s leading providers of solutions for the semiconductor industry, accelerating the performance of computer chips that run Artificial Intelligence and other high-performance software. The transaction will generate approximate gross proceeds of £4.7m to FEVCT, including funds to be released from escrow, implying a 15.7x multiple on capital of £0.3m invested in July...

Foresight VCT PLC LEI: 213800GNTY699WHACF46 Exit: Sale of portfolio company Codeplay Software to an undisclosed buyer delivers 15.7x cash-on-cash return for Foresight VCT and other Foresight-managed funds The Board of Foresight VCT Plc (“FVCT” or the “Company”) is pleased to announce the sale, subject to regulatory approval, of portfolio company Codeplay Software Limited (“Codeplay”) to a US corporate buyer on 31 May 2022. Codeplay is one of the UK’s leading providers of solutions for the semiconductor industry, accelerating the performance of computer chips that run Artificial Intelligence and other high-performance software. The transaction will generate approximate gross proceeds of £10.5m ($13.1m USD) to FVCT, including funds to be released from escrow, implying a more than 15x multiple on capital of £0.7m invested in July 2018; equivalent...