Day: July 18, 2022

Heritage Bank of Commerce Opens New Banking Office in Oakland

Written by Customer Service on July 18, 2022. Posted in Public Companies.

Expands footprint with 18th location in Bay Area SAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) — Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp. (Nasdaq: HTBK), today announced the opening of a new Oakland banking office at 1111 Broadway, Suite 1650. Led by Landon Baines, SVP, Regional Market President, the Oakland team will offer a full range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. “Since we opened our doors in San Jose almost 30 years ago, Heritage Bank of Commerce has been delivering customized banking solutions for businesses across the Bay Area,” said Clay Jones, President of Heritage Bank of Commerce. “By continuing to grow the Bank’s presence in local markets like Oakland, we reaffirm our commitment to supporting those...

Rex Resources Announces 2022 Field Program at the Kalum Gold Property, Golden Triangle Region, BC

Written by Customer Service on July 18, 2022. Posted in Public Companies.

Cranbrook, B.C, July 18, 2022 (GLOBE NEWSWIRE) — Rex Resources Corp. (TSX-V:OWN), (“Rex” or “the Company”) has been notified by option partner Eagle Plains Resources Corp. (TSX-V:EPL), (“EPL” or “Eagle Plains”) that field crews have been mobilized to Eagle Plains’100% owned Kalum Property located approximately 35 km northwest of Terrace, British Columbia in the Skeena Mining Division. Under the terms of the option agreement, Rex can earn an undivided 60% interest in the property by completing exploration expenditures of $3,000,000, making cash payments of $500,000 and issuing 1,000,000 common shares to EPL over a four year period. 2022 fieldwork will be caried out by TerraLogic Exploration Services of Cranbrook BC and is planned to include:detailed mapping to locate drill collars in the Bling-Rico and Babit trend areas structural...

Genius Brands Announces Complete Dismissal of Securities Class Action Lawsuit

Written by Customer Service on July 18, 2022. Posted in Public Companies.

BEVERLY HILLS, Calif., July 18, 2022 (GLOBE NEWSWIRE) — Genius Brands International, Inc. (NASDAQ:GNUS) today announced that on July 15, 2022, the shareholder class action lawsuit against the Company, filed in the United States District Court for the Central District of California (Case 2:20-cv-07457 DSF-RAO), has been dismissed. Commenting on the court’s ruling, the company’s General Counsel and COO, Mike Jaffa stated, “We are pleased that the court has ruled in our favor. We remain singularly focused on creating timeless animated content and a cutting-edge global distribution system, while growing revenues and assets for our shareholders.” About Genius Brands International Genius Brands International, Inc. (Nasdaq: GNUS) is a leading global kids media company developing, producing, marketing, and licensing branded children’s...

Maris-Tech Received a Repeat Order From a Leading Defense Company Customer

Written by Customer Service on July 18, 2022. Posted in Public Companies.

This is the third order the Company has received from the leading defense company in an amount greater than $250,000 REHOVOT, Israel, July 18, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced it has received a purchase order of more than $250,000 from a leading defense company customer. This is its third order Maris-Tech has received from the customer for its advanced Neptune-Split platform. The Company’s Neptune-Split platform is a unique product that was previously designed as a custom-made product for this customer. The product is currently a stand-alone product and available for companies that are seeking advance video solutions for defense application. “We are pleased to receive a repeat...

With 18.0% CAGR, Flat Glass Coatings Market Size to Worth USD 7.05 Billion by 2029

Written by Customer Service on July 18, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global flat glass coatings market size is projected to reach USD 7.05 billion in 2029, at CAGR of 18.0% during forecast period 2022-2029 | Asia Pacific to Dominate Backed by Heavy Adoption of Product Pune, India, July 18, 2022 (GLOBE NEWSWIRE) — The global flat glass coatings market size was valued at USD 1.96 billion in 2021. The market is projected to grow from USD 2.22 billion in 2022 to USD 7.05 billion by 2029, exhibiting a CAGR of 18.0% during the forecast period. This information is published by Fortune Business Insights, in its report, titled, “Flat Glass Coatings Market, 2022-2029.” COVID-19 Impacts: Variation in Supply Chain Commenced by COVID-19 to Constrain Growth The COVID-19 pandemic had a considerable influence on the flat glass coatings market growth. Owing to the lockdown...

Pervasip Announces 2nd Quarter Financials

Written by Customer Service on July 18, 2022. Posted in Earnings Releases And Operating Results.

SEATTLE, July 18, 2022 (GLOBE NEWSWIRE) — Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the filing of its unaudited financial statements for its 2nd Quarter ended May 31, 2022. The cannabis market on the Westcoast has seen a dramatic post pandemic retraction and created a challenging environment for all producer, processors and retailers. With an almost 18% contraction in retail revenues, massive oversupply and increasing costs, the industry has rushed head on into a perfect storm. “Our systemwide restructuring launched end of 2021, the strength of the Artizen flower brand supported by our amazing independent cultivators, and several aggressive new initiatives have allowed us to be in a much better position than most of our competitors....

Chicago Printing & Direct Mail Company United GMG Acquires Lightbox Graphix & Expands Capabilities

Written by Customer Service on July 18, 2022. Posted in Mergers And Acquisitions.

United GMG acquires Lightbox Graphix, resulting in an expansion of services for customers and new job opportunities for the community CHICAGO, July 18, 2022 (GLOBE NEWSWIRE) — United GMG—a Chicago, Illinois-based printing and direct mail company—has acquired Lightbox Graphix—a full-service design and signage company that focuses on branding and imaging using the latest digital technologies and sign making equipment. The process took several weeks, and the deal was signed June 17th. The official announcement was made on June 27th. The acquisition of Lightbox Graphix fits into United GMG’s strategy to expand their capabilities and add additional services to their already robust portfolio of printing solutions. By purchasing Lightbox Graphix, United GMG brings in capabilities to offer vehicle wraps, monument signage, and interior...

X1 Esports Enters into Agreement to Acquire Tyrus Talent Services to Enter Creator Economy Market

Written by Customer Service on July 18, 2022. Posted in Mergers And Acquisitions.

Acquisition is intended to expand X1 Esports’ reach into Gen Z demographic and add additional revenue streams Tyrus Talent Services is a digital influencer management firm specializing in working with YouTube, TikTok, and Twitch content creators, brand ambassadors and brands across all social media channelsVANCOUVER, British Columbia, July 18, 2022 (GLOBE NEWSWIRE) — X1 Esports and Entertainment Ltd. (CSE:XONE) (“X1” or the “Company”), an esports portfolio company which owns and operates a growing esports franchise, is pleased to announce entry into a definitive agreement, pursuant to which X1 intends to acquire Tyrus, LLC, (“Tyrus”), an influencer management firm empowering gamers, content creators and influencers. “The Tyrus platform expertly bridges the gap between international brands and the gaming ecosystem,” said Mark...

With 3.1% CAGR, Global Baby Wipes Market Size Worth USD 6.57 Billion by 2027 | Increasing Adoption of Disposable Hygiene Products in North America to Surge Demand

Written by Customer Service on July 18, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global baby wipes market size is projected to reach USD 6.57 Billion in 2027, at CAGR of 3.1% during forecast period 2020-2027 | Increasing Prevalence of Baby Skin Infections to Accelerate Market Growth Pune,India, July 18, 2022 (GLOBE NEWSWIRE) — The global baby wipes market size is expected to gain momentum by reaching USD 6.57 billion by 2027 while exhibiting a CAGR of 3.1% between 2020 and 2027. The growth is ascribable to factors such as the increasing prevalence of baby skin infections and the high spending power of the consumers that is propelling the demand for innovative baby wipes globally. This information is published by Fortune Business Insights, in its latest report, titled, “Baby Wipes Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027.” The report...

Sono-Tek Reports Increased Sales and Operating Income for First Quarter Fiscal 2023 and Provides Second Quarter and Fiscal 2023 Sales Guidance

Written by Customer Service on July 18, 2022. Posted in Earnings Releases And Operating Results.

Sales of $4.05M, up 11% and Gross Profit of $2.11M, up 16% Year-over-Year MILTON, NY, July 18, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter period of fiscal year 2023, ended May 31, 2022. First Quarter FY2023 Financial Highlights: (Compared with prior-year period unless otherwise noted) Net Sales were $4,052,000, an increase of 11%, primarily driven by strength in the medical, alternative energy and emerging R&D markets. Gross Profit increased 16% to $2,107,000 due to the increase in sales and a favorable product mix. Gross Margin expanded 200 basis points to 52.0% primarily due to a favorable product mix. Net income increased 17% to $306,000, excluding PPP...

Day: July 18, 2022

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