Month: January 2023

Westamerica Bancorporation Reports Fourth Quarter 2022 Financial Results

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

SAN RAFAEL, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) — Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2022 of $39.3 million and diluted earnings per common share (“EPS”) of $1.46. Fourth quarter 2022 results compare to net income for third quarter 2022 of $34.8 million and EPS of $1.29, which included a life insurance gain equivalent to EPS of $0.03. “Westamerica’s fourth quarter 2022 results benefited from the Company’s valuable low-cost deposit base; the cost of funding our loan and bond portfolios was 0.03 percent in the fourth quarter 2022, unchanged from the prior quarter. Non-interest bearing deposits represented 47 percent of average deposits in the fourth quarter 2022. The fourth quarter also benefited from higher yields on variable-rate...

Blue Horizon BNE ETF (NYSE: BNE) Celebrates Two-Year Milestone – focused on leaders and innovators within the New Energy Economy

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

The Blue Horizon BNE ETF offers investors exposure to 100 global leaders and innovators within the growing New Energy Economy NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) — Blue Horizon Capital, an index and research company focused on helping investors capture the unique opportunities in the fast-growing New Energy Economy, celebrates the two-year anniversary of the Blue Horizon BNE ETF (NYSE: BNE). Exchange Traded Concepts is the advisor of this fund, which trades on the New York Stock Exchange tracking an index developed by the Blue Horizon Capital team. (The Blue Horizon New Energy Economy 100 Index). BNE is designed to be a diversified, one-fund solution for investing in 100 New Energy Economy leaders and innovators across these five segments:E-Mobility, including electric vehicles, enabling technologies; Energy Storage, including...

Unaudited consolidated interim accounts for the fourth quarter and twelve months of 2022

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

Segments (EURm) Q4/22 Q4/21 yoy 12m/22 12m/21 yoySupermarkets 161.8 151.4 6.8% 594.9 569.0 4.5%Department stores 33.7 32.7 3.1% 105.2 93.4 12.6%Cars 34.4 29.6 16.2% 146.8 145.8 0.7%Security segment 2.9 2.3 22.5% 9.8 8.2 20.1%Real Estate 1.6 1.5 10.2% 6.2 5.3 17.2%Total sales 234.4 217.5 7.7% 862.8 821.6 5.0% Supermarkets 4.9 6.3 -22.7% 12.9 20.5 -37.1%Department stores 2.0 0.3 585.1% 2.3 -0.7 -429.7%Cars 2.2 1.6 36.5% 10.7 7.4 43.8%Security segment 0.0 -0.1 -106.0% 0.1 0.0 385.0%Real Estate 3.2 4.1 -22.2% 11.3 12.1 -6.9%IFRS 16 -0.6 -0.4 52.8% -2.3 -2.9 -19.6%Total profit/loss before tax 11.6 11.9 -2.1% 34.9 36.5 -4.2%In the fourth quarter of 2022, the consolidated unaudited sales revenue of the Group was 234.4 million euros, which was 7.7% more than the sales revenue of the same...

TIM LAMB GROUP BROKERS SALE OF GIBBONS FORD DEALERSHIP TO TASCA AUTOMOTIVE GROUP IN DICKSON CITY, PENNSYLVANIA

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

Columbus, OH, Jan. 19, 2023 (GLOBE NEWSWIRE) — Rob Lee, Director of the Tim Lamb Group’s Northeast Region, the largest auto dealership sales and acquisitions firm in North America, has brokered the sale of the Gibbons Ford Dealership in Dickson City, PA to Rhode Island based Tasca Automotive Group. The sale came after the announcement that Gibbons Ford owner for the last 20 years, John Grow, was retiring. Lee helped facilitate the deal which closed on December 5, 2022. The dealership is now known as Tasca Ford Dickson City and is located at 704 Martin F. Gibbons Blvd. in Dickson City, PA. Grow’s hope was to find a company who would share the same values and to keep with the family-oriented dynamic that he strived for at Gibbons Ford. Lee connected Grow with Tasca Automotive Group, a four-generation family owned and operated business,...

Advaxis and Ayala Pharmaceuticals Complete Merger

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

REHOVOT, Israel and WILMINGTON, Del. and MONMOUTH JUNCTION, N.J., Jan. 19, 2023 (GLOBE NEWSWIRE) — Advaxis, Inc. (OTCQX: ADXS), a biotechnology company devoted to the discovery, development and commercialization of immunotherapies based on a technology which uses engineered Listeria monocytogenes (Lm), today announced the completion of a previously announced merger with Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA), a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare tumors and aggressive cancers. While the stock will continue to trade on OTC under the symbol ADXS, the merged company will operate under the name Ayala Pharmaceuticals. The merged company will be focused primarily on the development and commercialization of Ayala’s lead program AL102...

Progress Makes Building Engaging and Inclusive Apps a Reality with Latest Developer Tools Release

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

The most comprehensive UI libraries for .NET and JavaScript frameworks add design and accessibility upgrades, deeper customization and .NET 7 and Angular 15 support BURLINGTON, Mass., Jan. 19, 2023 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced the R1 2023 release of Progress® Telerik® and Progress® Kendo UI®, the most powerful .NET and JavaScript UI libraries for app development available. With this release, Progress is continuing its commitment to support developers in building engaging and inclusive digital experiences across all platforms. Progress arms developers with advanced customization and accessibility functionality across all Telerik and Kendo UI libraries to help them easily create beautiful user interfaces that are built to serve...

Unwind of majority of TTF hedges of 2023 and 2024 Dutch Title Transfer Facility exposure, locking in approximately $140 million of TTF linked EBITDA.

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

Golar LNG Limited (“Golar”) announces today that it has unwound the majority of its swap arrangements for its Dutch Title Transfer Facility (“TTF”) linked production on the FLNG Hilli:March-December 2023, securing approximately $76 million of Distributable adj. EBITDA: 100% of TTF linked production unwound at $21.80/MMBtu leading to a net gain of $28.2/MMBtu, equivalent to Distributable Adjusted EBITDA of $76 million to be received in ten equal monthly installments through the period March-December 2023. Full year 2024, securing approximately $49 million of Distributable adj. EBITDA: 50% of TTF linked production unwound at $20.55/MMBtu leading to a net gain of $30.65/MMBtu, equivalent to Distributable Adjusted EBITDA of $49 million to be received in twelve equal monthly installments through 2024.Golar’s only remaining TTF hedges are...

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...

Month: January 2023

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