Day: August 11, 2022

Orbit International’s Electronics Group Receives New Order in Excess of $1,200,000

Written by Customer Service on August 11, 2022. Posted in Public Companies.

Follow-On Orders Expected in 2023-2025 HAUPPAUGE, N.Y., Aug. 11, 2022 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) received a new order in the month of August 2022 in excess of $1,200,000. Deliveries for this order are expected to commence in the fourth quarter of 2023 and continue through the second quarter of 2024. Mitchell Binder, President and CEO of Orbit International commented, “This new order for our OEG, in excess of $1,200,000, is from a major defense contractor for a significant program for the U.S. Navy.In addition, the customer has requested proposals for three follow-on orders for each year of 2023-2025 which, if awarded, would total in excess of $3,500,000. However, these potential future...

VAYK Real Estate Fintech Strategy Builds Momentum and Explores Stock Buyback

Written by Customer Service on August 11, 2022. Posted in Public Companies.

Dallas, Texas, Aug. 11, 2022 (GLOBE NEWSWIRE) — Vaycaychella, Inc. (OTC Pink: VAYK) (“VAYK”) today announced the company has entered conversations with multiple parties exploring joint ventures and acquisitions. The parties are all engaged in the alternative real estate finance market and interested in benefiting from VAYK’s fractional real estate investment application. VAYK is a technology company that last year introduced an award-winning Peer-2-Peer Alternative Finance Application (APP) for sourcing financing to purchase income producing vacation properties. The company recently released an update on its plans to add new functionality to the app to enhance the fractional investment functionality included in the new version of the app. The company recently announced the update on new functionality garnered the interest of...

omniQ Announces Initial Order For a Major US Casual Fast-Food Chain with 800+ locations for Q Shield™, omniQ’s Integrated AI – Machine Vision System.

Written by Customer Service on August 11, 2022. Posted in Public Companies.

SALT LAKE CITY, Aug. 11, 2022 (GLOBE NEWSWIRE) — OMNIQ CORP. (NASDAQ: OMQS) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has received an initial purchase order from a Major American Casual Fast-Food Chain with 800+ locations. The initial Purchase Order includes both hardware and AI based software. The technology will record and provide real time and historical consumption information to staff playing a crucial role in helping the locations drive improved customer service and revenue growth. In addition, Q Shield™ will provide its AI security enforcement function, better securing each location. Shai Lustgarten, CEO commented “After penetrating the retail sector with our Artificial Intelligence solution Q Shield™, we are eager to extend our reach even further into casual fast-food drive-throughs....

Allied Corp Successfully Ships 1728kgs of Colombian-Grown Commercial Cannabis Flower to Switzerland

Written by Customer Service on August 11, 2022. Posted in Public Companies.

Allied Corp is the first company to successfully ship commercial cannabis flower from Colombia to an international market. Allied Corp has now shipped the largest known quantity to date of Colombian-grown cannabis flower. 7100kgs of Colombian-grown cannabis recently approved for export. One of many orders. 1728kgs of Colombian-grown cannabis shipped today. 1500kgs of Colombian-grown cannabis scheduled to be shipped weekly.KELOWNA, British Columbia, Aug. 11, 2022 (GLOBE NEWSWIRE) — Allied Corp. (“Allied” or the “Company”) (OTCQB: ALID). As a part of the previously announced export approval of 7100kgs of Colombia-grown cannabis, Allied has today shipped 1728kgs to Switzerland. This will be followed by 1500kgs weekly until the 7100kg threshold is met. On April 01, 2022 Colombia enacted the new legislation allowing for...

Orbit International Corp. Reports 2022 Second Quarter Results

Written by Customer Service on August 11, 2022. Posted in Earnings Releases And Operating Results.

Second Quarter 2022 Net Loss of $412,000 ($0.12 loss per diluted share) v. Net Income of $534,000 ($0.15 per diluted share) in Prior Year Period Second Quarter 2022 EBITDA, As Adjusted, was a loss of $377,000 ($0.11 loss per diluted share) v. Earnings of $616,000 ($0.18 per diluted share) in Prior Year Period Six Months 2022 Net Income of $54,000 ($0.02 per diluted share) v. Net Income of $2,361,000 ($0.67 per diluted share) in Prior Year Period. Prior Period Includes $1,618,000 ($0.46 per diluted share) of PPP Loan Forgiveness. Exclusive of PPP Loan Forgiveness, Prior Period Net Income was $743,000 ($0.21 per diluted share) Six months 2022 EBITDA, As Adjusted, of $169,000 ($0.05 per diluted share) v. $2,519,000 ($0.72 per diluted share) in Prior Year Period. Exclusive of PPP Loan Forgiveness, Prior Period EBITDA, As Adjusted was $901,000...

InPlay Oil Corp. Announces Second Quarter 2022 Financial and Operating Results Highlighted by Record Quarterly Production and Financial Results, and a Fully Conforming and Increased Credit Facility

Written by Customer Service on August 11, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 11, 2022 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its record setting financial and operating results for the three and six months ended June 30, 2022. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2022 will be available at “www.sedar.com” and our website at “www.inplayoil.com”. Our updated corporate presentation will also soon be available on our website. Second Quarter 2022 Financial & Operating HighlightsAchieved record average quarterly production of 9,063 boe/d(1) (57% light crude oil and NGLs), an increase of 68% from second quarter production in 2021 of 5,386 boe/d(1) (68% light crude oil and NGLs) and an increase...

Atlantic Union Bank Continues to Expand Its Commercial Product Line with Asset Based Lending

Written by Customer Service on August 11, 2022. Posted in Public Companies.

RICHMOND, Va., Aug. 11, 2022 (GLOBE NEWSWIRE) — Atlantic Union Bank is expanding its asset-based lending team to help working capital intensive companies meet their financing needs. The team will now operate as a new specialty finance division, branded Atlantic Union Business Credit, and offer a full range of asset-based lending solutions specializing in loan commitments from $5 million to $30 million. “Expanding our asset-based lending capabilities has been a goal for our wholesale banking business for some time, but we wanted to find the right team,” said David Ring, Head of Wholesale Banking for Atlantic Union Bank. “Having led asset-based lending teams in the past, I know that our clients will appreciate the enhanced specialty products and capabilities that Atlantic Union Business Credit is now able to offer them.” Thomas (Tom)...

Lexaria Bioscience Corp. (NASDAQ: LEXX) Focused on Filling Need for Hypertension Treatment Solution

Written by Customer Service on August 11, 2022. Posted in Public Companies.

NEW YORK, Aug. 11, 2022 (GLOBE NEWSWIRE) — NetworkNewsAudio – Lexaria Bioscience Corp. (NASDAQ: LEXX) announces the availability of a broadcast titled, “The Power of Science to Stop a Killer.” To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast To view the full editorial, please visit: https://nnw.fm/9kD5b In its 2021 industry report, ReportLinker estimated the global anti-hypertensive drugs market at $24.17 billion in 2020 on its way to reach $27.81 billion in 2025. All told, hypertension costs the country on average $131 billion annually, and even more sobering, in 2020 alone, more than 670,000 deaths in the United States had hypertension as a primary or contributing cause. A recognized global innovator in drug-delivery platforms, Lexaria Bioscience Corp. (NASDAQ: LEXX) is determined to fill the need...

Astra Energy Inc. Enters into Definitive Agreements to Acquire Regreen Technologies Inc.

Written by Customer Service on August 11, 2022. Posted in Mergers And Acquisitions.

SAN DIEGO, Aug. 11, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Astra Energy Inc. (OTC Pink Sheets: ASRE) (“Astra” or the “Company”), a global integrated energy solutions provider specializing in clean and renewable energy and technology, is pleased to announce that it has entered into definitive agreements to acquire Regreen Technologies Inc. (“Regreen”), a California-based “zero emissions” clean energy company. Astra Energy Inc. has tasked its wholly owned subsidiary, Astra Energy California Inc., a California-based company, with deploying the Regreen Total Waste System globally. Regreen, founded by renowned inventor and designer Albert Mardikian, has grown into one of the most exciting tech startups in the waste industry. Mardikian’s technology has garnered the support of the U.S. Chamber of Commerce,...

Live Ventures Reports Fiscal Third Quarter 2022 Financial Results

Written by Customer Service on August 11, 2022. Posted in Earnings Releases And Operating Results.

LAS VEGAS, Aug. 11, 2022 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE), (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal third quarter ended June 30, 2022. Third Quarter FY 2022 Key Highlights:Revenue of $68.3 million Gross Profit of $22.3 million Adjusted EBITDA¹ of $8.8 million Net income was $3.5 million and diluted earnings per share (“EPS”) were $1.11 per share Acquired The Kinetic Co., Inc. (“Kinetic”), a highly regarded brand name in the production of industrial knives and hardened wear products Repurchased 14,160 shares of common stock at an average price of $23.31 Total assets of $262.8 million Approximately $35.6 million of cash and availability under our credit facilities“We are pleased that we delivered solid operating and financial...

Day: August 11, 2022

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals