Day: November 16, 2022

Lipman Hearne Joins Forces with Yes&

Written by Customer Service on November 16, 2022. Posted in Mergers And Acquisitions.

Merger Adds New Marketing Capabilities to Lipman Hearne’s Expertise in Higher Education and Philanthropy Alexandria, VA, Nov. 16, 2022 (GLOBE NEWSWIRE) — Integrated marketing agency Yes& today announced a merger with Lipman Hearne, an esteemed Chicago-based marketing firm well-known for their expertise in higher education and philanthropy marketing. The two firms are joining forces to combine Yes&’s fully integrated marketing suite with Lipman Hearne’s expertise in strategy, research and creative design. The merger with Yes& enables Lipman Hearne to provide fully integrated marketing communications solutions to clients across the nonprofit landscape. Lipman Hearne and Yes& made the announcement during the 2022 American Marketing Association (AMA) Higher Education Conference to showcase the new breadth and depth...

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Andromeda With WBC

Written by Customer Service on November 16, 2022. Posted in Public Companies.

ATHENS, Greece, Nov. 16, 2022 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 16, 2023 up to maximum December 16, 2023. The charter is expected to commence later today. The “DSI Andromeda” is a 60,309 dwt Ultramax dry bulk vessel built in 2016. The employment of “DSI Andromeda” is anticipated to generate approximately US$4.70 million of gross revenue for the minimum scheduled period...

MICT’s ACQUISITION TARGET, TINGO MOBILE, TODAY LAUNCHES KEY PARTNERSHIPS WITH ALL FARMERS ASSOCIATION OF NIGERIA AND VISA

Written by Customer Service on November 16, 2022. Posted in Public Companies.

AFAN Launch Commences Rollout of Nwassa Agri-FinTech Platform and Tingo Visa Products to AFAN’s Membership of More Than 20 Million Farmers Launch of Partnership With Visa Sees Introduction of Tingo Visa Card and a Range of Other New Products MONTVALE, NJ, Nov. 16, 2022 (GLOBE NEWSWIRE) — MICT, Inc. (NASDAQ: MICT) (“MICT”) and Tingo, Inc. (OTC Markets: TMNA) (“Tingo” or the “Company”), announced that Tingo Mobile PLC (“Tingo Mobile”), which is being wholly acquired by MICT with a scheduled completion date of November 30, 2022, has today launched its partnership with the All Farmers Association of Nigeria (“AFAN”) ahead of schedule. Through its recently announced trade deal with Tingo Mobile, AFAN has committed to deliver a minimum of 20 million additional subscribers, which would more than triple Tingo Mobile’s existing customer...

22nd Century Group’s GVB Biopharma Opens New Central Distribution Facility in The Netherlands

Written by Customer Service on November 16, 2022. Posted in Public Companies.

New distribution facility supports rapidly growing demand for hemp/cannabis products BUFFALO, N.Y., Nov. 16, 2022 (GLOBE NEWSWIRE) — GVB Biopharma, a 22nd Century Group company (Nasdaq: XXII), today announced that it has opened a new, strategically-located distribution facility in the Netherlands to support its growing business in Europe, the Middle East, and Africa (EMEA). The new distribution facility will increase existing and new customer access to GVB’s quality hemp/cannabis products, speed up transaction flow, and optimize cross border tax and customs treatment. Recent increases in GVB’s U.S. manufacturing capacity are complementary to the advent of the Company’s Netherlands distribution facility. Additional capacity is in part earmarked to satisfy increasing demand in European markets where margins are higher than in the...

Global Sport Drink Market to Touch Revenue of $36.35 Billion | PepsiCo and Coca-Cola Generate More than 90% Revenue of US Market

Written by Customer Service on November 16, 2022. Posted in Mergers And Acquisitions.

Global sport drink market size was valued at USD 27.22 billion in 2021, and it is expected to reach a value of USD 36.35 billion by 2028, at a CAGR of 4.2% over the forecast period (2022-2028). Westford, USA, Nov. 16, 2022 (GLOBE NEWSWIRE) — As the world continues to become more and more competitive, people are looking for ways to improve their performance. One way to do this is by consuming sport drinks. These drinks are designed to help athletes perform at their best, and they are quickly becoming popular among consumers. There are a number of reasons why sport drinks market is witnessing a high demand. First, they provide energy and stamina during long workouts or races. Second, they can help reduce fatigue and increase endurance. Third, they can help improve cognitive function and mood. Additionally, sport drinks contain electrolytes...

Global Composites Market to Worth $138.43 Billion by 2028 | Development of Sustainable Composite has Become Center Innovation in the Market

Written by Customer Service on November 16, 2022. Posted in Mergers And Acquisitions.

Global composites market size was valued at USD 88.5 billion in 2021, and it is expected to reach a value of USD 138.43 billion by 2028, at a CAGR of 6.6% over the forecast period (2022-2028). Westford, USA, Nov. 16, 2022 (GLOBE NEWSWIRE) — Global production of composites is forecast to grow by 2.5% per year during the forecast period. This growth of the composites market will be driven by increasing demand for composites in the automotive and aviation sectors. The automotive sector is projected to consume the most composites, with a growth rate of 4%. The aviation sector is forecast to grow even more quickly, at 6.9%. in fact, the automotive market will account for the largest share of the composite market in 2021, at 56%. This is followed by the industrial market with a share of 34%. However, even though the industrial market...

Enerflex Ltd. Amends Record Date for Dividend Payable on January 12, 2023

Written by Customer Service on November 16, 2022. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, Nov. 16, 2022 (GLOBE NEWSWIRE) — In observance of U.S. federal holidays, Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex”) has amended the record date for its dividend payable on January 12, 2023 (the “Payment Date”), from November 24, 2022 to November 29, 2022. The ex-dividend date has also been amended, from November 23, 2022 to November 28, 2022. The dividend amount of $0.025 per share and the Payment Date are unchanged. ABOUT ENERFLEX Transforming Energy for a Sustainable Future. Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, delivering natural gas processing, compression, power generation, refrigeration, cryogenic, and produced water solutions. Headquartered in Calgary, Alberta, Canada, Enerflex, its subsidiaries, interests...

UPDATE — Progressive Reports October 2022 Results

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for October 2022: October(millions, except per share amounts and ratios; unaudited) 2022 2021 Change Net premiums written $ 5,187.1 $ 4,346.6 19 %Net premiums earned $ 4,872.7 $ 4,397.8 11 %Net income $ 375.6 $ 373.8 0 % Per share available to common shareholders $ 0.64 $ 0.63 0 %Total pretax net realized gains (losses) on securities $ 178.6 $ 302.1 (41 ) %Combined ratio 95.9 97.2 (1.3 ) pts.Average diluted equivalent common shares 587.1 586.4 0 % October(thousands; unaudited) 2022 2021 ChangePolicies in Force Personal Lines Agency – auto 7,677.9 7,961.1 (4 ) %Direct...

iCoreConnect Reports Record Year-to-Date Financial Results With 95% Growth to $5.9Million Revenue for the Nine Months Ended September 30, 2022

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

OCOEE, FL, Nov. 16, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – iCoreConnect, Inc., (OTCQB: ICCT), a cloud-based Software-as-a-Service (SaaS) enterprise and healthcare workflow platform announced its financial and operational results for the third quarter and nine months ended September 30, 2022. Key Financial Highlights for Three Months Ended September 30, 2022 Compared to Prior Year Period:Revenue increased 38% to $1.9 million on strong SaaS uptake Gross profit increased 45% to $1.4 million Gross margin increased 340 basis points to 72.6% Insiders purchased 253,178 shares in the open marketNine Months Ended September 30, 2022 Compared to Prior Year Period:Revenue increased 95% to $5.9 million on extended SaaS and MSaaS growth Gross profit increased 97% to $4.2 million Gross margin increased 60 basis points...

DIVERGENT Energy Services Announces the Release of 2022 Third Quarter Results

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Nov. 16, 2022 (GLOBE NEWSWIRE) — DIVERGENT Energy Services Corp. (“Divergent”, the “Company“, or “DVG”) announces the release of its financial results for the three and six months ended September 30, 2022. All amounts are in thousands (000’s) of United States Dollars, unless otherwise noted. HIGHLIGHTS FOR THE QUARTERThe Company posted its ninth consecutive quarter of revenue growth earning $3.7 million of revenue in the third quarter of 2022. Adjusted EBTIDA of $221 thousand in the third quarter of 2022 represents the eighth consecutive quarter of positive adjusted EBITDA. Divergent’s balance sheet continues to strengthen with positive working capital of $353 thousand.INDUSTRY OUTLOOK Divergent’s overall outlook for services for the remainder of 2022 remains positive. Global demand for energy...

Day: November 16, 2022

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