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Year: 2022

Westwood Acquires Salient Partners’ Asset Management Business

Highly Complementary Expansion of Westwood’s Investment and Distribution Capabilities DALLAS, Nov. 18, 2022 (GLOBE NEWSWIRE) — Westwood Holdings Group, Inc. (NYSE: WHG, “Westwood”), a Dallas-based investment management boutique and wealth management firm, has acquired the asset management business of Salient Partners, L.P. (“Salient”), a Houston-based asset management firm. As a result, Westwood has also acquired a significant minority stake, previously owned by Salient, in Broadmark Asset Management LLC (“Broadmark”). Broadmark is a San Francisco-based asset manager offering hedged equity strategies and serves as sub-adviser to a pair of seasoned mutual funds and separately managed accounts now offered by Westwood. This strategic acquisition increases Westwood’s total assets under management (“AUM”) by 33% to $16.3 billion, adding...

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Dominion Water Reserves Announces Annual General and Special Meeting Results and Name Change

MONTREAL, Nov. 18, 2022 (GLOBE NEWSWIRE) — Dominion Water Reserves Corp. (“Dominion Water” or the “Corporation”) (CSE: DWR), is pleased to announce the results of its Annual General and Special Meeting (“AGSM”) held on November 18, 2022 and name change. The Corporation is pleased to report, that all items to be voted on at its AGSM were approved, as follows:the number of director was determined at six (6); the following individuals were elected as directors:Alexandre Côté, Robert Dunn, Olivier Primeau, Germain Turpin, Michael Pesner, and Raimondo MessinaMNP LLP, Chartered Accountants, was re-appointed as auditors, the by-laws of the Corporation was ratified and confirmed; and the corporate name change of the Corporation to “Prime Drink Group Corp. / Groupe Prime Drink Corp.”(the “Name Change”).Upon approval of the Name...

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ZW Data Action Technologies Reports Third Quarter and First Nine Months 2022 Unaudited Financial Results

BEIJING, China, Nov. 18, 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 nine months ended September 30, 2022. Third Quarter 2022 Financial Results Revenues For the third quarter of 2022, revenues decreased by $4.68 million, or 39.4%, to $7.22 million from $11.90 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in our main stream service revenues from the distribution of the right to use search engine marketing services business segment, as a result of the repeated regional COVID-19 rebound in many provinces in China during...

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Nova LifeStyle, Inc. Reports Third Quarter FY 2022 Results

LOS ANGELES, Nov. 18, 2022 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2022. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2022:Net sales for three months ended Sept 30, 2022 were $3.0 million, an increase of 3% from $2.9 million in the same period of 2021. Gross profit was $1.1 million, compared to a gross profit of $1.4 million in the same period of 2021. Net loss from operations was $1.7 million, compared to $1.4 million loss in the same period of 2021.Operating Results for the Nine Months Ended September 30, 2022:Net sales for the nine months ended Sept 30, 2022 were $10.5 million, an increase of 7% from $9.8 million in the same period 2021. Gross loss was...

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Motorsport Games Reports Third Quarter 2022 Financial Results

Motorsport Games Reports Q3 2022 Financial Results Motorsport Games Reports Q3 2022 Financial ResultsMIAMI, Nov. 18, 2022 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 (“Q3 2022”). The Company has also posted to the Company’s investor relations website a Q3 2022 Quarter End Review video and a Q3 2022 earnings slide deck, which highlight certain key milestones that occurred in the period, as well as an updated Investor Presentation. Dmitry Kozko, Chief Executive Officer of Motorsport Games, commented, “During Q3 2022, Motorsport Games announced our official game of the 2022 NASCAR Cup Series season for Nintendo Switch, NASCAR Rivals. Launched in October, NASCAR Rivals helps fans take the competition...

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Nouveau Monde Announces Grant of Stock Options

MONTREAL, Nov. 18, 2022 (GLOBE NEWSWIRE) — Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) announces the grant of 50,000 stock options to an officer. These stock options are granted in accordance with the terms of the stock option plan of the Company. Each option entitles the holder thereof to purchase one common share of the Company at a price of $6.48 per common share for a period expiring on November 13, 2027. These options shall vest in four equal installments every three months following the grant date. About Nouveau Monde Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets....

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Appulse Corporation – Reporting results for the Nine Months ended September 30, 2022

CALGARY, Alberta, Nov. 18, 2022 (GLOBE NEWSWIRE) — Appulse Corporation (“Appulse”) today reported a net income of $201,000 ($.01per share) for the nine months ended September 30, 2022, with revenues of $7,566,000, compared to a net income of $669,000 ($.05 per share) and revenues of $6,927,000 for the same nine-month period of the previous year. Operating cash flow (net income adjusted for items not involving cash) for the nine-month period ended September 30, 2022, of $744,000 compares to operating cash flow of $1,093,000 for the same period of 2021. Total shareholder’s equity at September 30, 2022, was $6,540,000 compared to $6,176,000 at September 30, 2021. Total part sales and service revenues increased by over 9% compared to the same period of the prior year, while contribution margin growth from these revenue sources was...

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Barrick Announces Pricing Terms of its Tender Offer

All amounts expressed in US dollars TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick,” the “Company” or the “Offeror”) today announced the pricing terms of its previously announced tender offer (the “Offer”) to purchase for cash any and all of its 5.250% Notes due 2042 (the “Notes”). The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 14, 2022 relating to the Notes (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. Set forth in the table below is the Total Consideration...

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Vital Battery Metals Lists on OTCQB Venture Market

VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — VITAL BATTERY METALS INC. (the “Company” or “Vital”) (CSE: “VBAM”) (FSE: “C0O”) (OTCQB: “VBAMF”) is pleased to announce that it has been approved for trading on the OTCQB Venture Market (“OTCQB”) effective November 18, 2022. The shares trade on the OTCQB under trading symbol “VBAMF”. The Company’s shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol “VBAM” as well as the Frankfurt Stock Exchange (FSE) under the symbol “C0O”. This U.S. listing will provide the Company with access to a broader base of U.S. and international retail and institutional investors, ultimately providing investors with increased access to data, transparency and liquidity. Investors can find real-time quotes and market information for the Company...

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Avadel Pharmaceuticals Announces Favorable Ruling on Motion to Delist REMS Patent from FDA’s Orange Book

– Delisting of REMS Patent sets path to potentially accelerate final approval by FDA DUBLIN, Ireland, Nov. 18, 2022 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a biopharmaceutical company focused on transforming medicines to transform lives, announced today that the United States District Court for the District of Delaware (the “Delaware Court”) ordered Jazz Pharmaceuticals to delist U.S. Patent No. 8731963 (the “REMS Patent”) from the U.S. Food and Drug Administration’s (“FDA”) Orange Book. With this decision, Avadel seeks to accelerate the FDA’s final approval decision for LUMRYZ™, a once-at-bedtime investigational formulation of sodium oxybate for the treatment of cataplexy or excessive daytime sleepiness (EDS) in adults with narcolepsy. “We are pleased with the court’s decision in favor of delisting...

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