Day: January 19, 2023

Muscle Maker, Inc. (GRIL) Announces First Combo Restaurant – Adding Pokemoto to Existing Muscle Maker Grill Restaurant in New York City

Written by Customer Service on January 19, 2023. Posted in Public Companies.

Company Brings Both Brands Under One Roof, Reducing Overhead Expenses While Leveraging Existing Personnel Fort Worth, Texas, Jan. 19, 2023 (GLOBE NEWSWIRE) — Muscle Maker, Inc. (Nasdaq: GRIL), today announced a new combo restaurant strategy that focuses on adding full Pokemoto restaurants inside existing Muscle Maker Grill locations. The objective is to have two of the company’s brands operating under one roof reducing overhead costs, leveraging existing personnel and achieving other efficiencies. The combo restaurant will offer both Muscle Maker Grill and Pokemoto menus to consumers within the same location. The combo unit that includes two of Muscle Maker, Inc.’s “healthier for you” brands is the first for the company. The first Muscle Maker Grill location to be converted to the new combo unit is located at 70 7th Avenue in the...

Mondelēz International Releases Fourth Annual State of Snacking™ Report Highlighting Expanded Role of Snacking in Consumer Eating Habits

Written by Customer Service on January 19, 2023. Posted in Public Companies.

Snacking preferred over traditional mealtime for fourth consecutive year Snacks remain regularly included in consumers’ budgets, despite rising prices Consumers are being more mindful and present when enjoying snacks Consumers are willing to pay a premium for sustainable snacksCHICAGO, Jan. 19, 2023 (GLOBE NEWSWIRE) — Mondelēz International today announced the launch of the fourth annual State of Snacking™ report, a global consumer trends study examining annual insights on how consumers make snacking decisions. This year’s report explores how current economic challenges are affecting consumer snacking choices around the world – with a majority of respondents continuing to prioritize snacking, despite rising costs and economic challenges. Developed in partnership with The Harris Poll, the report tracks snacking attitudes...

New Details on Endonovo’s Spin-Off of SofPulse, Inc.

Written by Customer Service on January 19, 2023. Posted in Public Companies.

Los Angeles, CA, Jan. 19, 2023 (GLOBE NEWSWIRE) — Endonovo Therapeutics, Inc. (OTCQB: ENDV) announced today details regarding the planned spin-off of its medical device assets to a newly formed Delaware company, SofPulse, Inc. SofPulse, Inc. Will Operate Independently SofPulse, Inc. will operate independently from Endonovo and focus on developing commercialization initiatives for its SofPulse® medical device line. The spin-off will also include Endonovo’s recently-announced telehealth initiative. The new company will be overseen by Ira Weisberg, the current President and Chief Commercial Officer of Endonovo’s Medical Division, who will serve as CEO/President. He will oversee preparations for listing SofPulse, Inc. on the NASDAQ exchange. Valuation The planned spin-off of SofPulse, Inc. is expected to be completed later...

Versaterm Acquires Smartphone Body and Dash Camera Software Provider Visual Labs, Inc.

Written by Customer Service on January 19, 2023. Posted in Mergers And Acquisitions.

The company aims to enhance its public safety solutions portfolio with field-ready mobile technology, real-time situational awareness and cloud-based digital evidence management OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) — Versaterm Public Safety, a global public safety solutions company, announced today its acquisition of smartphone body and dash camera software provider Visual Labs, Inc. The acquisition builds upon Versaterm’s public safety solution ecosystem with field-ready mobile software and a Criminal Justice Information Services (CJIS) compliant cloud-based Digital Evidence Management System (DEMS) that reinforces its commitment to helping agencies better serve their communities. Visual Labs software transforms an officer’s department-issued Android smartphone into a body-worn camera with real-time video and audio streaming...

Globex Receives Emperor Metals Option Payment

Written by Customer Service on January 19, 2023. Posted in Public Companies.

ROUYN-NORANDA, Quebec, Jan. 19, 2023 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has received an option payment of $450,000 and 1,500,000 shares from Emperor Metals Inc. (AUOZ-C) in regard to the Duquesne West-Ottoman gold property option. Fifty percent of the payment is due Globex and 50% to Geoconseils Jack Stoch Ltd., equal partners in the property held under the jointly owned Duparquet Assets Limited company. As disclosed in a Globex press release dated October 12, 2022, Emperor has an option to acquire 100% interest in the property for cash payments totaling...

Open Banking Market to Hit 131.3 Billion by 2028 Thanks to Rising Preference for Digital Payments Globally

Written by Customer Service on January 19, 2023. Posted in Mergers And Acquisitions.

The open banking market reached USD 15.21 billion in 2022 and is set to hit USD 131.3 billion by 2028, growing at a CAGR of 24.6% during the forecast period (2022 to 2028). Westford, USA, Jan. 19, 2023 (GLOBE NEWSWIRE) — The open banking industry is likely to gain traction as more open banking solutions are adopted across the financial services, healthcare, retail, insurance, and education industries. In addition, the growing use of digital payments and mobile wallets, as well as increased consumer awareness of open banking, will drive market growth. However, a rise in incidents of online fraud and data insecurity is projected to limit the development of the open banking market. On the contrary, increasing collaboration between financial service providers and traditional banking with FinTech is expected to propel the market forward....

InterDigital Issues Preliminary Financial Results for Fourth Quarter 2022

Written by Customer Service on January 19, 2023. Posted in Earnings Releases And Operating Results.

WILMINGTON, Del., Jan. 19, 2023 (GLOBE NEWSWIRE) — InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced selected and unaudited preliminary financial results for the quarter ended December 31, 2022.The company expects total revenue to be approximately $114 million, including recurring revenue of $101 million. The update from the company’s prior expectation of $98 to $102 million was driven primarily by new agreements signed in the second half of the quarter. The company expects operating expenses to be approximately $79 million, updated from its previous expectation of $76 to $79 million. The company expects net non-operating income1 will be approximately $1 million, updated from its previous expectation of net non-operating expense1 of $4 to $6 million. The increase...

Communities First Financial Corporation Earns Record $7.62 Million, or $2.42 per Diluted Share, for Fourth quarter 2022; Earns Record $26.52 Million, or $8.44 per Diluted Share, for Full Year 2022

Written by Customer Service on January 19, 2023. Posted in Earnings Releases And Operating Results.

FRESNO, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) — Communities First Financial Corporation (the “Company”) (OTCQX: CFST), the parent company of Fresno First Bank (the “Bank”), today reported net income increased 41% to $7.62 million, or $2.42 per diluted share, for the fourth quarter of 2022 compared to $5.41 million, or $1.74 per diluted share, for the fourth quarter of 2021, and increased 10% compared to $6.91 million, or $2.20 per diluted share, for the third quarter of 2022. For the year ended December 31, 2022, net income increased 29% to $26.52 million, or $8.44 per diluted share, from $20.53 million, or $6.62 per diluted share, for year ended December 31, 2021. All results are unaudited. “Fourth quarter 2022 results capped a stellar year for our Company which delivered record earnings for both the fourth quarter and for the...

Live Ventures Announces Acquisition of Flooring Liquidators, Inc. for $84 million

Written by Customer Service on January 19, 2023. Posted in Mergers And Acquisitions.

Latest acquisition to the Live Ventures portfolio reinforces strategy and adds significant new revenue stream of approximately $125 Million per year – about a 50% increase in annual sales LAS VEGAS, Jan. 19, 2023 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company (“Live Ventures”), has acquired the outstanding equity interests of Flooring Liquidators, Inc., a leading retailer and installer of floors, carpets, and countertops to consumers, builders and contractors in California and Nevada (“Flooring Liquidators”). The transaction, valued at approximately $84 million, was financed through a combination of cash, debt, including a $5 million note from Isaac Capital Group¹, and the issuance of 116,441 shares of our common stock, representing a 3.78% dilution of Live Ventures’ fully diluted...

ButcherJoseph Advised NEDCO Supply on Its Sale to Codale Electric Supply

Written by Customer Service on January 19, 2023. Posted in Mergers And Acquisitions.

ST. LOUIS, Jan. 19, 2023 (GLOBE NEWSWIRE) — Saint Louis, MO, January 2023 – ButcherJoseph & Co. (“ButcherJoseph”) served as exclusive financial advisor to NEDCO Supply (“NEDCO” or the “Company”) on its sale to Codale Electric Supply, Inc. (“Codale”), a subsidiary of Sonepar (“Sonepar). NEDCO is a full-service wholesale distributor of commercial, residential, Industrial, and low voltage electrical components. The transaction closed on December 31, 2022. NEDCO had grown to over $180 million in annual sales with multiple divisions contributing to the success of the company and strengthening Codale’s position in southern Nevada, increasing its coverage in an area experiencing tremendous growth. “After 40 years serving the Las Vegas electrical market, we’re very thankful to all our customers, employees, and vendor partners...

Day: January 19, 2023

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