Day: December 16, 2022

Digerati Technologies Reports 115% Revenue Growth to $8.1 Million for First Quarter FY2023

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

– Non-GAAP Adjusted Operating EBITDA of $1.3 Million –– Merger with MEOA SPAC Targeted to Close in First Quarter Calendar 2023 – SAN ANTONIO, Dec. 16, 2022 (GLOBE NEWSWIRE) — Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, announced today financial results for the three months ended October 31, 2022, the Company’s first quarter for its Fiscal Year 2023. Key Financial Highlights for the First Quarter Fiscal Year 2023 (Ended October 31, 2022)Revenue increased by 115% to $8.1 million compared to $3.8 million for Q1 FY2022. Gross profit increased 131% to $5.3 million compared to $2.3 million for Q1 FY2022. Gross...

Hospital Capacity Management Solutions Market worth $7.0 billion by 2026 – Exclusive Report by MarketsandMarkets™

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

Chicago, Dec. 16, 2022 (GLOBE NEWSWIRE) — According to the new market research report “Hospital Capacity Management Solutions Market by Product (Asset, Bed Management, Nurse Scheduling, Patient Flow Management), Component (Software, Integrated, Services), Delivery Mode (On-premises, Cloud), End User (Hospitals, ASC) – Global Forecast to 2026″, The global hospital capacity management solutions market is projected to reach USD 7.0 billion by 2026 from USD 3.2 billion in 2021, at a CAGR of 17.1% during the forecast period. Browse in-depth TOC on “Hospital Capacity Management Solutions Market“213 – Tables40 – Figures228 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25396768 Scope of the Report:Report Coverage DetailsMarket Size USD...

Lelantos Holdings, Inc. Announces an Update on Its Merger Process and Acquisition of Lelantos Energy

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

LAS VEGAS, Dec. 16, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”), formerly ProConcept Marketing Group, Inc., is pleased to announce an update in regard to finalizing its merger which is intended to fully complete the process of establishing Lelantos Holdings as a public entity on the OTC Market. The company was already approved by FINRA for its name change, symbol change, and reverse split and currently trades under the symbol LNTO. To finalize this process, on Nov. 14, 2022, Lelantos Holdings Inc., a Florida entity, filed the required Articles of Merger merging Lelantos Holdings Incorporated, a Nevada corporation, into the Company with a requested effective date of Nov. 22, 2022. Due to the current document processing delays of over three months in the...

HeartSciences Provides Business Update and Reports Second Quarter Fiscal 2023 Financial Results

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

Patient Enrollment Close to Completion and Continue to Target FDA De Novo Resubmission Around Current Fiscal Year End Southlake, Texas, Dec. 16, 2022 (GLOBE NEWSWIRE) — Heart Test Laboratories, Inc. d/b/a HeartSciences (NASDAQ: HSCS; HSCSW) (“HeartSciences” or the “Company”), a medical technology company focused on saving lives by making an ECG (also known as an EKG) a far more valuable screening tool through the use of Artificial Intelligence (AI), today provided a business update and reported financial results for the fiscal 2023 second quarter ended October 31, 2022. Andrew Simpson, Chief Executive Officer of HeartSciences, stated, “Since our initial public offering in June 2022, we have achieved a number of important milestones which add to HeartSciences’ strategic value as we progress towards commercialization of the MyoVista®. ...

The First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.21 Per Share

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

MELVILLE, N.Y., Dec. 16, 2022 (GLOBE NEWSWIRE) — The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a fourth quarter cash dividend in the amount of $.21 per share. This represents a 5.0% increase over the dividend of $.20 per share declared in the same quarter last year. The dividend will be paid on January 12, 2023 to shareholders of record on January 3, 2023. The First of Long Island Corporation is the parent company of The First National Bank of Long Island. Through its branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Island and in New York City. We offer a broad set of lending, deposit, investment, and digital products. First National Bank LI is known for its culture of delivering extraordinary service and a “Customer First” banking...

TowneBank Announces Timing of Closing of Farmers Bank Merger

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

SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) — Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as originally scheduled. The parties have received all required regulatory approvals, and the merger received the approval of Farmers Bankshares’ shareholders, with more than 85% of the outstanding shares voting for the merger, at its special meeting of shareholders held on December 14, 2022. The merger will solidify TowneBank’s number one market share in the Virginia Beach-Norfolk-Newport News MSA, adding Isle of Wight and Southampton counties to the bank’s service area while expanding Towne Insurance Agency’s market base. The closing of the merger...

ApartmentLove Completes Acquisition of GottaRent.com Paying 4x EBITDA in All Cash Takeover

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

CALGARY, Alberta, Dec. 16, 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“ApartmentLove” or the “Company”), a leading provider of online home, apartment, and vacation rental marketing services to owners, renters, and vacationers from around the world is pleased to announce it has completed its acquisition of the established, very well-known, and profitable internet listing site GottaRent.com and other related domains from Metroland Media Group Ltd. (“Metroland”) in an all-cash takeover. Transaction Highlights:Purchase Price: C$940,000 Earnings Multiple: 4x EBITDA Acquired Domains: www.GottaRent.com and 4 others Page 1 Rankings: 12 Canadian markets including Hamilton, Mississauga, and Oakville in the GTAWhen asked what specifically excited ApartmentLove about the opportunity to acquire an established internet listing...

Elanders implements structural measures regarding non-profitable parts of the road transportation operations in Germany, which entails one-off costs of approximately SEK 50 million

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

As part of further improving profitability in the Group, Elanders will implement structural measures during the fourth quarter. Parts of the road transportation operations in Germany will be discontinued and this concerns Elanders’ sub-group LGI, which is part of the business area Supply Chain Solutions. The business that is being discontinued has had profitability problems for a long time. The closure means that sales will decrease by SEK 400 million on an annual basis, of which SEK 300 million already in 2023. The structural measures entail one-off costs of approximately SEK 50 million, which will be charged to earnings in the fourth quarter. These costs relate to termination wages, provision for onerous contracts and as well as remaining rental costs for existing premises. The structural measures are expected to generate annual...

New year, new travel trends for 2023

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

trivago’s findings show the cost-of-living crisis is influencing consumers to shake up their travel habits for 2023. DÜSSELDORF, GERMANY – December 16, 2022 – While inflation and energy prices are hitting a record high especially in the Euro zone, hotel prices are likely to remain high in 2023. Operational expenses for hotels are expected to continue going up globally as inflation has increased and staffing issues are most severe in the hospitality & travel industry. As a result, trivago’s latest findings show consumers have already started to adapt their 2023 travel behaviours to adjust to the current economic environment. These changes include comparing hotel prices more, taking shorter trips, and choosing alternative and more affordable destinations. Cheaper deals and shorter tripsData over the January – November 22...

Trean Insurance Group Announces Definitive Agreement to be Acquired by Altaris Capital Partners

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

Trean Stockholders to Receive $6.15 Per Share in Cash, a Premium of Approximately 97% Company to Continue Growth Plan and Delivering Full Suite of Insurance and Reinsurance Services WAYZATA, Minn. and NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today announced that it has entered into a definitive merger agreement with affiliates of Altaris, LLC (collectively with its affiliates, “Altaris”), which currently owns approximately 47% of Trean’s outstanding common stock. Under the terms of the agreement, Altaris will acquire all of the common stock that it does not currently own for $6.15 in cash per share, representing a 97% premium to Trean’s closing price on December 15, 2022, the last...

Day: December 16, 2022

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