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Month: August 2022

MSP Recovery, Which Also Powers LifeWallet, Announces it Has Grown From Eleven Thousand (11,000) Unique Healthcare Member Lives in 2014, to More Than 34 Million Unique Healthcare Member Lives, as Well as Significant Advancements in Its Technological Capabilities, Including the Development of Cutting-Edge Blockchain Technology

CORAL GABLES, Fla., Aug. 22, 2022 (GLOBE NEWSWIRE) — MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today provided a business update.MSP Recovery, which powers LifeWallet, has grown from an initial eleven thousand (11,000) unique healthcare member lives in 2014, to more than 34 million unique healthcare member lives as of August 11, 2022, with an additional 3 million anticipated prior to September 30, 2022. MSP Recovery, in partnership with Tokenology, has completed development of cutting edge blockchain technology designed to solve significant problems the healthcare industry faces today, including fraud, inefficiency in payments, and antiquated processes, to provide real-time decentralized services that...

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WTW appoints Sean Deehan as Leader of Hong Kong and Macau

HONG KONG, Aug. 21, 2022 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today announced the appointment of Sean Deehan as Leader for Hong Kong and Macau, effective 1 September 2022. Sean will also continue in his current position as Hong Kong Market Leader for WTW’s Insurance Consulting & Technology (ICT) business. Sean brings with him 25 years of life insurance, health insurance and pensions experience, including more than 10 years working in Mainland China and Hong Kong. He joined WTW in January last year to develop and grow the ICT business in Hong Kong. Commenting on the appointment, Clare Muhiudeen, Head of Asia, WTW, said: “Hong Kong remains a major international financial centre in Asia, a gateway to and from Mainland China and a key market in our Greater Bay Area growth...

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FY Financial Results Webinar

Perth, Aug. 22, 2022 (GLOBE NEWSWIRE) — FY22 RESULTS INVESTOR WEBINAR / CALL Perth, Western Australia/August 22, 2022/ Perseus Mining Limited (ASX/TSX: PRU) is hosting an investor webinar and conference call to discuss its FY22 Financial Results, which are anticipated for release around 8:30am AEST on Wednesday August 31, 2022. CALL DETAILSAustralia: Wednesday August 31, 2022 Perth – 7:00am Sydney/Melbourne – 9:00am Canada: Tuesday August 30, 2022 Toronto – 7:00pm Vancouver – 4:00pm UK: Wednesday August 31, 2022 London – 12:00amRegister for the investor webinar at the link below: https://us02web.zoom.us/webinar/register/WN_wbqsUTe-Q5GHiDXj5ucBhA After registering, you will receive a confirmation email containing information about joining the webinar. To join the webinar via telephone, please use one of the following numbers...

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Scandinavian Tobacco Group reports key financial data for the second quarter 2022 and revises full-year guidance

Company Announcement No. 51/2022  Copenhagen, 21 Aug 2022 Scandinavian Tobacco Group reports key financial data for the second quarter 2022 and revises full-year guidance    For the second quarter 2022, Scandinavian Tobacco Group delivered net sales of DKK 2,278 million and EBITDA before special items of DKK 544 million. Organic net sales growth was negative by 1.8% and organic EBITDA growth was negative by 14.6%. Free cash flow before acquisitions was DKK 143 million and adjusted earnings per share were DKK 3.6. Despite comparing to an exceptionally strong growth in the past two years, the performance is disappointing and below our expectation for the quarter. The guidance for free cash flow before acquisitions is maintained at DKK 1.1-1.4 billion and the guidance for adjusted EPS is maintained at >5%. The guidance for organic EBITDA...

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EPSO-G Group’s revenue for the first six months of the year rose to EUR 243.7 million

Revenue of the energy transmission and exchange company group EPSO-G for the first half of the current year amounted to EUR 243.7 million and represented an increase of 61.6% compared to EUR 150.9 million in the same period last year. The termination of gas imports from Russia this year has led to a significant increase and substantial change in gas flows in Lithuania and the region, resulting in higher revenues from transmission and system balancing. The increase in electricity prices led to an increase in the Group’s revenues from system balancing services. This year, after Lithuania stopped importing natural gas from Russia, the Klaipėda LNG terminal became the main source of gas in the Baltic States, which led to a significant redistribution of gas flows. More gas is being transported towards Latvia and, since May this year,...

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Assure Holdings Corp. Announces Proposed Underwritten Public Offering of Common Stock

DENVER, Aug. 19, 2022 (GLOBE NEWSWIRE) — Assure Holdings Corp. (NASDAQ: IONM) (“Assure Holdings” or the “Company“), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, today announced that it intends to offer its shares of common stock in a public offering. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, working capital and other business opportunities. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Aegis Capital Corp. is acting as the sole book-running manager for the offeringThis offering is being made pursuant to an effective shelf registration statement on Form...

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Alpha Copper Corp. Enters into Letter of Intent to Acquire CAVU Energy Metals Corp. in All-Stock Transaction

VANCOUVER, British Columbia, Aug. 19, 2022 (GLOBE NEWSWIRE) — Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FSE: PP0) (“Alpha”) and CAVU Energy Metals Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 5EO) (“CAVU”) are pleased to announce a non-binding Letter of Intent dated August 18, 2022 (“LOI”) pursuant to which Alpha will acquire all of the issued and outstanding shares of CAVU (the “Proposed Transaction”). The Proposed Transaction is an arm’s length transaction, and provides CAVU shareholders with a premium of 60% based on each company’s respective 20-day volume-weighted average price (“VWAP”). After the Proposed Transaction, the combined entity of Alpha and CAVU will become a premier copper exploration company with an expanded portfolio of prospective base and precious metals assets in BC and the Yukon. Highlights of the Transaction and...

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Lowell Farms Inc. Announces Closing of $4.2 Million Convertible Debenture Financing

SALINAS, Calif., Aug. 19, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, along with its subsidiary, Indus Holding Company (“Subco“), has issued an aggregate of $4.2 million of senior secured convertible debentures (“2022 Convertible Debentures“) of Subco, which are convertible, as more fully described below, into an aggregate of 18.2 million subordinate voting shares of the Company (“Subordinate Voting Shares“) with respect to principal and additional Subordinate Voting Shares upon conversion of accrued and unpaid interest. Investors in the 2022 Convertible Debentures received warrants of the Company (“2022 Warrants“) to purchase an aggregate of...

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CPI Aerostructures Reports Fourth Quarter and Full Year 2021 Results

Fourth Quarter 2021 vs. Fourth Quarter 2020 (Re-stated)Revenue of $26.4 million compared to $25.4 million; Gross profit of $2.8 million compared to $3.6 million; Gross margin of 10.8% compared to 14.1%; Net loss of $(0.5) million compared to net income of $0.2 million; Loss per diluted share of $(0.04) compared to earnings per diluted share of $0.02; Cash flow from operations of $4.1 million compared to $1.7 million.Full Year 2021 vs. Full Year 2020 (Re-stated)Revenue of $103.4 million compared to $87.6 million; Gross profit of $15.0 million compared to $9.8 million; Gross margin of 14.5% compared to 11.1%; Net income of $6.8 million ($2.0 million excluding $4.8 million in PPP loan forgiveness) compared to net loss of $(3.7) million; Earnings per diluted share of $0.56 ($0.17 excluding $0.39 in PPP loan forgiveness) compared to loss...

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ZW Data Action Technologies Reports Second Quarter and First Half 2022 Unaudited Financial Results

BEIJING, Aug. 19, 2022 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Financial Results Revenues For the second quarter of 2022, revenues decreased by $7.61 million, or 52.3%, to $6.95 million from $14.55 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and related services business segment, as a result of the repeated regional COVID-19 rebound in many provinces in China during the first half of fiscal 2022, which affected business...

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