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Day: August 15, 2022

Security National Financial Corporation Reports Financial Results for the Quarter Ended June 30, 2022

SALT LAKE CITY, Aug. 15, 2022 (GLOBE NEWSWIRE) — Security National Financial Corporation (SNFC) (NASDAQ symbol “SNFCA”) announced financial results for the quarter ended June 30, 2022. For the three months ended June 30, 2022, SNFC’s pretax earnings decreased 68% from $14,677,000 in 2021 to $4,730,000 in 2022. For the six months ended June 30, 2022, pretax earnings decreased 70% to $9,173,000 from $31,032,000 in 2021. Scott M. Quist, President of the Company, said: “2022 is proving to be a very challenging year for our Company given the dramatic rise in interest rates, the significant declines in the stock markets, the continuing tight labor markets, and the meteoric rise of inflationary pressures. Regarding our Mortgage Segment, earnings decreased 95%, directly attributable to the rapid rise in interest rates. Industry...

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LNK’s Awakening: Cybercriminals Moving from Macros to Shortcut Files to Access Business PCs

HP Wolf Security report highlights the latest techniques and phishing lures targeting employees and putting companies at risk PALO ALTO, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) today issued its quarterly Threat Insights Report revealing that a wave of cybercriminals spreading malware families – including QakBot, IceID, Emotet, and RedLine Stealer – are shifting to shortcut (LNK) files to deliver malware. Shortcuts are replacing Office macros – which are starting to be blocked by default in Office – as a way for attackers to get a foothold within networks by tricking users into infecting their PCs with malware. This access can be used to steal valuable company data, or sold on to ransomware groups, leading to large-scale breaches that could stall business operations and result in significant remediation costs. The...

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Decentralized Finance Protocols Retrograde and Vortex Announce Merger

The union creates one of the largest high-pedigree teams currently working in DeFi; combined entity now known as Vortex New York, NY, Aug. 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Retrograde and Vortex Protocol, two well-known projects in the decentralized finance space, have signed a first-of-its kind definitive merger agreement. The resulting union of two world-class DeFi entities operating at this level is unprecedented and has spawned one of the largest high-pedigree DeFi teams ever seen within the Cosmos ecosystem. This unparalleled new group of builders who understand DeFi go-to-market and scaling will be known simply as “Vortex” and will be able to draw users from both the Retrograde and Vortex communities, uniting capital and creating a larger and more efficient system overall. Grover, the Head of Growth at...

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IMAC Holdings Reports Record Revenue of $5M in Second Quarter

Fifth consecutive quarter of comparable revenue growth from sustainable price improvements BRENTWOOD, Tenn., Aug. 15, 2022 (GLOBE NEWSWIRE) — IMAC Holdings, Inc. (Nasdaq: BACK) (“IMAC” “BACK” or the “Company”), a provider of innovative medical advancements and care specializing in regenerative rehabilitation orthopedic and neurological treatments, today reported its preliminary financial results for the second quarter ended June 30, 2022. Financial and Corporate Highlights from Q2 2022:Total Revenue was $5.0 million, compared with $3.5 million in Q2 2021, an increase of 45% Patient visits to IMAC clinics 42,495, down 5.1% from Q2 2021; same store increase .9% Sequential quarter The BackSpace visit growth of 207% Successfully completed its pilot program for The Back Space retail chiropractic concept at select Walmart stores, with...

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LiveWire Ergogenics Announces Increased Revenue and Net Profit for the Second Quarter of 2022 and Provides Outlook Through 2023

Anaheim, CA, Aug. 15, 2022 (GLOBE NEWSWIRE) — LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, leasing, licensing, and managing special purpose real estate properties conducive to producing high-quality, handcrafted, and sun-grown cannabis products for medical and recreational adult-use in California reports financial results for the second quarter 2022.  Bill Hodson, CEO of LiveWire Ergogenics, states, “The past several months have been trying times for the cannabis industry. We have seen cannabis cultivators abandoning their licenses, overextended retailers, distributors and delivery businesses shutting down, and manufacturing facilities putting up ‘For Sale’ signs. Several factors are in play, from post-pandemic oversupply to an extremely painful tax hierarchy, further complicated by a burdensome...

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SPEY RESOURCES ANNOUNCES REVOCATION OF CEASE TRADE ORDER

Vancouver, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) — Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (“Spey” or the “Company”) announces that the British Columbia Securities Commission (the “Commission”) has revoked the cease trade order which was issued against the Company, effective August 12, 2022 (please see press release dated August 31, 2021), in connection with certain continuous disclosure deficiencies. The Company filed various rectifying continuous disclosure documents on August 8, 2022, which documents are available via SEDAR at www.sedar.com. The Company expects that its common shares will resume trading on the Canadian Securities Exchange (the “CSE”) on or about August 15, 2022. About Spey Resources Corp. Spey Resources is a Canadian mineral exploration company which holds two option agreements...

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Allied Announces August 2022 Distribution

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.1458 per unit for the month of August 2022, representing $1.75 per unit on an annualized basis. The distribution will be payable on September 15, 2022, to unitholders of record as at August 31, 2022. About Allied Allied is a leading operator of distinctive urban workspace in Canada’s major cities and network-dense UDC space in Toronto. Allied’s mission is to provide knowledge-based organizations with workspace and UDC space that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people. FOR FURTHER INFORMATION,...

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Dave Founder & CEO Jason Wilk to Host Public.com Town Hall for Retail Investors

LOS ANGELES, Aug. 15, 2022 (GLOBE NEWSWIRE) — Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that it will host a Town Hall event for retail investors on the investing platform Public.com on Thursday, August 18, 2022. The Town Hall will invite retail investors to submit questions for Founder & CEO Jason Wilk following Dave’s Second Quarter 2022 Results on August 11, 2022 and follow along as he responds live via the Public.com investing platform at 12 p.m. ET on August 18. Investors on Public.com can submit questions beginning on August 12. Town Halls on Public.com give investors direct access to the executives behind the companies they invest in or want to learn more about. Investors have the opportunity to inquire about...

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Field Trip Health & Wellness Ltd. Provides Update on TSX Venture Exchange Listing

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) — Field Trip Health & Wellness Ltd. (the “Company“) is pleased to announce that it has filed a listing application in connection with the previously announced intention to list its common shares (the “Shares“) on the TSX Venture Exchange (“TSXV”). It is anticipated that the Shares will commence trading on the TSXV under the ticker symbol “FTHW” at the opening of the market on August 17, 2021. For further details, please refer to the Listing Application on the Company’s SEDAR profile available at www.sedar.com. About Field Trip Health & Wellness Ltd. Field Trip Health & Wellness Ltd. is a global leader in psychedelic therapies. With health centres across North America and Europe, along with the digital and technological tools that will enable massive...

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Park Aerospace Corp. Announces Election of Cory L. Nickel as Senior Vice President and General Manager

NEWTON, Kan., Aug. 15, 2022 (GLOBE NEWSWIRE) — Park Aerospace Corp. (NYSE-PKE) announced the election of Cory L. Nickel as Senior Vice President and General Manager of the Company. Mr. Nickel will continue to report to Mark Esquivel, the Company’s President and Chief Operating Officer. Cory originally joined Park Aerospace Corp. in 2011 as a Solution Treater Operator, an entry level position. Cory was promoted to Second Shift Production Supervisor in 2012, Production Manager in 2013, Materials Manufacturing Manager in 2014, Production Control Manager in 2015 and Operations Manager in 2017. Cory was appointed as Vice President and General Manager of the Company in October of 2020. Prior to joining Park, Cory served as a local High School Science Teacher with a focus on chemistry, physics and manufacturing technology. Cory received...

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