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Year: 2022

FlexShopper, Inc. Announces Purchase of Revolution Financial Inc. Assets

BOCA RATON, Fla., Dec. 08, 2022 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own retailer and financing solutions provider, today announced the purchase of certain assets of Revolution Financial Inc. and six affiliated entities.  This purchase provides FlexShopper with 22 physical store locations, 78 virtual locations located within Liberty Tax stores and related digital assets in which FlexShopper will make available consumer financing solutions. This purchase is also the initial foray into a nationwide expansion of direct to consumer brick- and- mortar locations. “This acquisition provides a head start on the operational capabilities to begin our nationwide rollout as part of the previously announced Liberty Tax partnership.” said Richard House, CEO of FlexShopper. FlexShopper will...

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DLH Strengthens Information Technology and Cyber Capabilities through Acquisition of GRSi

Broadens Digital Transformation and IT Modernization Solutions, Paving Way for New Growth Opportunities; Webcast and Conference Call on December 13 ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of research and development, systems engineering and integration, and digital transformation solutions to federal agencies, today announced that it has acquired privately-held Grove Resource Solutions, Inc. (“GRSi”) of Bethesda, Maryland. The firm, with approximately 700 employees, provides a broad array of cloud-based enterprise modernization and cyber security solutions to numerous civilian and military federal agencies, most notably the National Institutes of Health (NIH), U.S. Navy (USN), and U.S. Marine Corps (USMC), among others. “We are thrilled to begin a...

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Evan Sowers to Head Up Riverview Trust Company

Evan Sowers Evan Sowers to Head Up Riverview Trust CompanyVANCOUVER, Wash., Dec. 08, 2022 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) is pleased to announce that Evan Sowers has been named president and chief executive officer of Riverview Trust Company, a subsidiary of Riverview Bank. Evan has more than 22 years of experience working in finance, trusts and investments, as well as consumer, small business and commercial banking. Most recently, Evan was the managing director of private banking and wealth management, as well as market executive where he led the region for a large trust company in the Midwest. “Evan’s wide range of financial experience in banking and wealth management made him an obvious choice to lead Riverview Trust Company,” said Kevin Lycklama, President and Chief Executive Officer of Riverview...

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Martinrea International Inc. Welcomes Peter Hall as Senior Advisor

TORONTO, Dec. 08, 2022 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in developing and manufacturing highly engineered, value-added Lightweight Structures and Propulsion Systems, has retained Peter Hall, former Chief Economist of Export Development Canada (EDC) as a Senior Advisor. In this role, Mr. Hall will provide regular commentary on a wide range of issues impacting Canadian market conditions, global economic issues, and market-specific categories important to Martinrea and its key stakeholders. “Peter is an expert at understanding the global economy and its interaction with geopolitical environments,” said Rob Wildeboer, Executive Chairman of Martinrea International Inc. “He is a seasoned forecaster with a solid track record of capturing major movements, all...

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HQGE’s Big M Entertainment Pictures Designates Development and Production Planning Locations in New Orleans, LA for Multiple Film and TV Formats

LOS ANGELES, CA, Dec. 08, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – HQ Global Education, Inc. (OTC: HQGE) and its wholly owned operating subsidiary Big M Entertainment Pictures (BMEP) announced that development and production planning are underway for future projects to be filmed in New Orleans, Louisiana, and additional strategic alliances are being established to begin development of multiple projects for both feature film and TV series formats. This is a major production expansion for BMEP that opens the door to new creative and business opportunities uniquely suited for select BMEP projects and provides the company with expanded access not only to the region’s historic locations and talent pools, but also its local tax credits and business infrastructure. Marvin Williams, President of HQGE and CEO of BMEP, stated, “We are...

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Melcor REIT appoints Naomi Stefura as Trustee

EDMONTON, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced the appointment of Naomi Stefura to the board of trustees. Naomi is the Executive Vice President and Chief Financial Officer of Melcor Developments Ltd. (Melcor) and also Chief Financial Officer of the REIT. She has been with Melcor in financial oversight and senior leadership roles for almost 15 years. Naomi also currently serves as Vice Board Chair for Explore Edmonton and was previously Audit Committee Chair of that organization. Ralph Young, Chairman of the REIT commented: “We are happy to have Naomi officially join the board of trustees. With instrumental involvement since IPO, she has a wealth of knowledge about the REIT and its history. In addition, Naomi has extensive experience in financial...

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Andrew Mercer Joins Southern Michigan Bancorp, Inc. Board of Directors

COLDWATER, Mich., Dec. 08, 2022 (GLOBE NEWSWIRE) — John H. Castle, Chairman and CEO of Southern Michigan Bancorp, Inc., the holding company of Southern Michigan Bank & Trust, recently announced the appointment of Andrew “Andy” Mercer to its Board of Directors. Mr. Mercer is the third generation owner and president of R.W. Mercer Co., a distribution, construction, and service company headquartered in Jackson, Michigan. With six locations in Michigan and one in Indiana, the company markets in three distinct areas: petroleum equipment sales, installation and service; general contracting; and electrical contracting. Starting in his early teens as a truck washer, then as a technician during college, Mercer has spent his entire thirty-year career with the company. Under his leadership, R.W. Mercer has grown into a nationally trusted...

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DNO Initiates Share Buyback Program

Oslo, 8 December 2022 – DNO ASA, the Norwegian oil and gas operator (the “Company”), today announced the initiation of a share buyback program (the “Program”) through which the Company will repurchase up to 53,107,326 shares, representing approximately five percent of total shares outstanding, for a maximum total consideration of USD 80 million. The Program will be conducted in accordance with article 5 of the Market Abuse Regulation (EU) No 596/2014, as adopted in the Norwegian Securities Trading Act of 2007, ancillary regulations and the Oslo Stock Exchange’s Guidelines for buyback programmes and price stabilisation of February 2021. Buyback transactions will be executed at market prices on the Oslo Stock Exchange. The Program will be managed by Arctic Securities AS, which will make its trading decisions...

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21st Century Energy Solutions Announces New Customer for Its Proprietary Enhanced Oil Recovery System

Customer Located in Murray County, OK LITTLE RIVER, SC, Dec. 08, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – PCT LTD (“PCTL” OTC Pink): 21st Century Energy Solutions Inc., a subsidiary of PCTL, announces a new customer in our Enhanced Oil Recovery (EOR) program. The project is in the Oil Creek formation, Murray County, OK.  Initial treatment of the well was performed by our partner, Maverick Energy Solutions, Holdenville, OK, using 21st Century Energy Solutions’ priority ECA “Super-Catholyte”. The well is currently shut-in for a few days, as planned.  Our customer’s wells in the Oil Creek Formation typically have an initial production of five barrels per day with little or no water.  We will release additional information soon as the results become available to us. About PCT LTD: PCT LTD (“PCTL”) focuses its business...

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Joint Statement by Canadian Banks and Life Insurance Companies Regarding Annual Meetings in 2023

TORONTO, Dec. 08, 2022 (GLOBE NEWSWIRE) — This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank Group, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us continues to monitor the ongoing COVID-19 pandemic and the directives and recommendations from public health and government authorities. In the last few years, we have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. This degree of care and concern extends to all of our shareholders and policyholders. Although the COVID-19 situation has improved since the 2022 annual meeting cycle, we have been carefully considering alternatives for our respective meetings in light of the continued and unpredictable...

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