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Month: January 2023

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

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...

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Globex Receives Emperor Metals Option Payment

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...

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

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....

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InterDigital Issues Preliminary Financial Results for Fourth Quarter 2022

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...

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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

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...

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

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...

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ButcherJoseph Advised NEDCO Supply on Its Sale to Codale Electric Supply

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...

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Stallion Discoveries Closes Hathor and U92 Acquisitions

Acquiring 100% Interest in 23 Mineral Claims Covering 78,831 Hectares in the Athabasca BasinThe Athabasca Basin Stallion Discoveries 8 Athabasca Basin ProjectsVANCOUVER, British Columbia, Jan. 19, 2023 (GLOBE NEWSWIRE) — Stallion Discoveries Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: SLLGF) is pleased to announce that, further to its news releases dated January 6 and January 12, 2023, it has closed the acquisition of all outstanding shares, representing a 100% interest, in Hathor Exploration Ltd. (“Hathor”) and U92 Exploration Limited. (“U92”). The U92 projects included 6 mineral claims totaling 29,273 hectares held in the prolific Western Athabasca Basin, home to some of the world’s largest high grade uranium deposits and discoveries. The Hathor Exploration projects...

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rms Company Scales Medical Device Production with Addition of 3D Systems’ DMP Flex 350 Dual

3D Systems’ DMP Flex 350 Dual 3D Systems’ DMP Flex 350 DualOne of the largest US-based medical device manufacturers adds DMP Flex 350 Dual to its fleet of more than 30 3D Systems printers New 3D printer increasing productivity for rms’ powder to package capability, intended to open new applications for additive manufacturingROCK HILL, S.C., Jan. 19, 2023 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE:DDD) announced rms Company, one of the largest contract manufacturers of high-quality, tight-tolerance medical devices in the world, has added the DMP Flex 350 Dual to its production workflow. rms has more than 30 3D Systems’ DMP 3D printers in its additive manufacturing facility enabling the company to provide a complete Powder to Package capability to medical device OEMs. Powder to Package encompasses the entire manufacturing and...

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Salarius Pharmaceuticals to Present SP-3164 Targeted Protein Degrader Preclinical Data at the Inaugural Molecular Glue Drug Development Summit

Dr. Aundrietta Duncan to discuss mechanism of action and SP-3164 activity in cancer models Company planning to submit an Investigational New Drug application to the U.S. Food and Drug Administration and begin a Phase 1 trial in 2023 HOUSTON, Jan. 19, 2023 (GLOBE NEWSWIRE) — Salarius Pharmaceuticals, Inc. (NASDAQ: SLRX), a clinical-stage biopharmaceutical company using protein inhibition and protein degradation to develop cancer therapies for patients in need of new treatment options, announces that Aundrietta Duncan, Ph.D., director of non-clinical development, will present SP-3164 preclinical data and discuss program progress at the inaugural Molecular Glue Drug Development Summit being held on January 24-26, 2023 in Boston. Dr. Duncan’s presentation, titled “Development of the Cereblon-Binding Molecular Glue, SP-3164,” will take...

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