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Month: August 2022

Nearly 60% of Renters saw Rent Increase in Past 12 Months

4 in 10 saw wage gains, one-third of those say raises won’t cover increased rent MCLEAN, Va., Aug. 15, 2022 (GLOBE NEWSWIRE) — Nearly 60% of renters say their rents increased in the past 12 months, with a ratio of nearly 1 in 3 seeing rent increases of 10% or more, according to a newly released Freddie Mac survey. Just 38% of renters saw their wages increase, and a third say their raise won’t cover their increased rent. Nearly 1 in 5 who experienced a rent increase say they are now extremely likely to miss a payment. “The surge in rents that took place over the last 12 months has created even greater housing uncertainty for the most vulnerable renters,” said Kevin Palmer, head of Freddie Mac Multifamily. “Our survey shows that the national housing affordability crisis is worsening, and that inflation is a key driver. Freddie Mac...

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Permex Petroleum Provides Clarification on a Prior News Release issued August 8, 2022

VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) — Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) (“Permex” or the “Company”) is issuing this news release at the request of IIROC to clarify the Company’s news release dated August 8, 2022 wherein the Company announced that Nobel Capital Markets had initiated equity research coverage on the Company (the “Report”), sponsored by the Company. The Company wishes to clarify that the Company has agreed to pay Nobel Capital Markets US$50,000 per annum, paid on a quarterly basis. The Company made the first payment of US$12,500 in June 2022. The compensation does not include any options to purchase securities of the Company. Prior to making any investment decision, readers should conduct their own due diligence and seek advice from their advisor or an investment...

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Nocera, Inc. Announces Closing of $6.58 Million Underwritten Public Offering

TAIPEI CITY, Taiwan, Aug. 15, 2022 (GLOBE NEWSWIRE) —  Nocera, Inc. (NASDAQ: NCRA) (“Nocera” or “the Company”), a fully integrated sustainable seafood company with a focus on manufacturing and operating land-based Recirculatory Aquaculture Systems (RAS), today announced the closing of its underwritten public offering of 1,880,000 units, each unit consisted of one share of common stock (the “Common Stock”) and one warrant (the “Warrant”) to purchase two shares of Common Stock, at a public offering price of $3.50 per unit, for aggregate gross proceeds of $6.58 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. The Common Stock and Warrants comprising the units were immediately separable and were issued separately. Each Warrant permits the holder to purchase two shares of common...

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Baltic Horizon Fund publishes its NAV for July 2022

The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of July 2022 amounted to EUR 1.1130 per unit. Compared to the previous month, NAV per unit decreased by -0.76%. The total net asset value of the Fund decreased to EUR 133.2 million over the month. The NAV decrease was mainly affected by declared distribution to unitholders of EUR 1.6 million. Eliminating declared dividend distribution, the NAV increase from operating performance during the month would have been +0.40% compared to the previous month. The EPRA NRV as of 31 July 2022 was EUR 1.1955 per unit, corresponding to a decrease of -0.51% over the last month. Unaudited consolidated net rental income for July 2022 slightly decreased to EUR 1.4 million compared to last month (EUR 1.5 million in June 2022). In July 2022, the Fund’s recognized increase in rental...

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Baltic Horizon Fund publishes its NAV for July 2022

The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of July 2022 amounted to EUR 1.1130 per unit. Compared to the previous month, NAV per unit decreased by -0.76%. The total net asset value of the Fund decreased to EUR 133.2 million over the month. The NAV decrease was mainly affected by declared distribution to unitholders of EUR 1.6 million. Eliminating declared dividend distribution, the NAV increase from operating performance during the month would have been +0.40% compared to the previous month. The EPRA NRV as of 31 July 2022 was EUR 1.1955 per unit, corresponding to a decrease of -0.51% over the last month. Unaudited consolidated net rental income for July 2022 slightly decreased to EUR 1.4 million compared to last month (EUR 1.5 million in June 2022). In July 2022, the Fund’s recognized increase in rental...

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IQST – iQSTEL Announces Q2 47% Revenue Increase To $23.70 Million: On Track To $90 Million 2022 Annual Revenue Forecast

New York, NY, Aug. 15, 2022 (GLOBE NEWSWIRE) — iQSTEL, Inc. (OTCQX: IQST) today announced filing its Q2 financial report. The company realized a 47% increase in revenue to $23.70 million in Q2 compared to the same period in 2021.  The company is approaching breakeven, posting a substantial bottom line improvement, reducing its net loss by 75% compared to the same period last year. Stockholder’s equity increased 162% to $9.04 million compared to Q2 2021 surpassing the Nasdaq minimum listing requirement.Summary Financials Q2 2021 vs Q2 2022Statements of  Operations Q2 2021 Q2 2022 Variation DirectionRevenues  (Million US$) 16.13 23.70 47% IncreaseGross Profit (Revenue %) 0.28% 3.57% 1192% IncreaseGross Profit (US$) 44,565 846,274 1799% IncreaseOperating Loss (US$) -1,164,602...

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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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