Month: April 2023

CORRECTION — Dowd Named President and CEO for Pathfinder Bank

Written by Customer Service on April 3, 2023. Posted in Public Companies.

SYRACUSE, N.Y., April 03, 2023 (GLOBE NEWSWIRE) — In a release issued under the same headline on March 29, 2023 at 16:10 ET by Pathfinder Bancorp, Inc. (NASDAQ:PBHC), please note that in Company stock ticker included in the first paragraph of the was errantly noted as (NASDAQ:PFBC) instead of (NASDAQ:PBHC). The corrected release follows: Pathfinder Bancorp, Inc (the “Company”) (NASDAQ:PBHC), the bank holding company of Pathfinder Bank (the “Bank”) announced today that its Board of Directors has named James A. (“Jim”) Dowd as President and Chief Executive Officer of the Company and the Bank, roles that he has served on an interim basis since April 14, 2022. Mr. Dowd will also be nominated by the Company’s Board of Directors for election to serve as a member of the Company’s Board, pending approval by the Company’s shareholders at...

Avila Energy Corporation Expects to List on Nasdaq Through Business Combination with Insight Acquisition Corp.

Written by Customer Service on April 3, 2023. Posted in Mergers And Acquisitions.

Established, Canadian low-cost oil & gas producer with international business experience. Business strategy will implement a closed system of carbon capture and sequestration upstream, combined with downstream direct-to-consumer sales and services for “EnerTwin,” a patented CO2 emission reduction technology. Expects to be carbon neutral by year-end 2024, with a path toward to net zero by 2027. Business combination anticipated to close in the 4th quarter of 2023.CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) — Avila Energy Corporation (CSE: VIK) (“Avila” or the “Company”), an established producer, explorer, and developer of energy in Western Canada, and Insight Acquisition Corp. (NYSE: INAQ) (“Insight”), a special purpose acquisition company, today announced they have entered into a business combination...

Manufactured Housing Properties Inc. Announces Results For The Year Ended December 31, 2022

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

Revenues and Adjusted EBITDA increased by 69% and 33%, respectively, over prior period for the year ended December 31, 2022. CHARLOTTE, N.C., April 03, 2023 (GLOBE NEWSWIRE) — Manufactured Housing Properties Inc. (OTC: MHPC), which acquires, owns, and operates 55 manufactured housing communities containing approximately 2,579 developed sites, today announced operating results for the year ended December 31, 2022. Total revenues and EBITDA for the year ended December 31, 2022 were $14,202,273 and $3,787,421, respectively, compared to $8,416,038 and $2,856,497, respectively, for the year ended December 31, 2021. MHPC acquired 13 communities during 2022, consisting of 560 lots. Jay Wardlaw, President of Manufactured Housing Properties Inc. added “We are pleased to produce another year of total revenue increases of 69% and EBITDA increase...

Clariant completes sale of North American Land Oil business

Written by Customer Service on April 3, 2023. Posted in Mergers And Acquisitions.

North American Land Oil business acquired by Dorf Ketal for USD 14.5 million The business generated sales of USD 115 million in 2022 The divestment is a further step to structurally improve Clariant’s portfolio and sustainability profile MUTTENZ, APRIL 3, 2023 Clariant, a focused, sustainable, and innovative specialty chemical company, today announced the completion of the divestment of its North American Land Oil business to Dorf Ketal, a specialty chemicals manufacturer and service provider headquartered in India, for USD 14.5 million on 31 March 2023. Clariant’s North American Land Oil business is a provider of chemical technologies and services to the North American oil and gas industry and generated sales of USD 115 million in 2022. After seeing strong growth in 2018 and 2019, the global oil industry entered a crisis in 2020. This...

MBG Holdings Appoints Samantha Sondrup as Chief Operating Officer

Written by Customer Service on April 3, 2023. Posted in Public Companies.

Sondrup is Experienced Operator and a Leader in MBG Growth Initiatives AUSTIN, TX, April 03, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – MBG Holdings, Inc (OTC Pink: MBGH), holding company of Onepath Systems, LLC and AMR Resources, LLC, a leading telecommunications lifecycle company, today announced that the Company has appointed Samantha Sondrup as Chief Operating Officer (COO) of MBG Holdings, Inc and AMR Resources, LLC effective immediately. As COO, Mrs. Sondrup will be responsible for maintaining and driving operational results within the company. She previously served as Senior Vice President and Chief of Staff for MBG Holdings Inc. Chairman and CEO of MBG Holdings, Inc. James Frinzi, commented, “Samantha has proven to be a skilled communicator, effective leader and driven businessperson who has already been instrumental in...

Mustang Bio Announces Reverse Stock Split

Written by Customer Service on April 3, 2023. Posted in Public Companies.

WORCESTER, Mass., April 03, 2023 (GLOBE NEWSWIRE) — Mustang Bio, Inc. (“Mustang” or the “Company”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced that it will effect a 15-for-1 reverse stock split of its issued and outstanding common stock. Mustang expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the commencement of trading on April 4, 2023. The reverse stock split was approved on March 3, 2023 by Mustang’s Board of Directors and stockholders representing approximately 62.2% of the voting power of Mustang’s outstanding capital stock, with the authorization to determine the final ratio...

Rackspace Technology Works with Biomedical Software Company inPhronesis to Modernize Email Infrastructure and Optimize its Knowledge Management Portal

Written by Customer Service on April 3, 2023. Posted in Public Companies.

With Microsoft 365, inPhronesis, manages the data and intelligence that drives the management of pharmaceutical companies SAN ANTONIO, April 03, 2023 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced working with inPhronesis to modernize the company’s email infrastructure and optimize the knowledge management portal. The biomedical software expert manages the data and intelligence that drives the management of pharmaceutical companies with Microsoft 365. inPhronesis was designed by Competitive Intelligence (CI) consultants to track large amounts of ever-changing data for competitive and Business Intelligence (BI) inside the Pharma and Biomedical industries. The company’s mission is to offer clients a streamlined interface with custom functionality...

AssetMark Names Josh Armey Executive Vice President of Corporate Strategy

Written by Customer Service on April 3, 2023. Posted in Public Companies.

CONCORD, Calif., April 03, 2023 (GLOBE NEWSWIRE) — AssetMark (NYSE: AMK) today announced the appointment of Josh Armey as Executive Vice President and Head of Corporate Strategy. In his new role, Armey will serve as a member of the firm’s Executive Committee and will work with leaders across the organization to accelerate strategic growth and maximize AssetMark’s long-term performance. Armey brings decades of experience in enterprise strategy and transformation, having most recently served as the Head of Transformation at Edward Jones. There, he established the firm’s Transformation Office and implemented a framework and processes for achieving their transformation vision, ultimately accelerating firm-wide adoption and execution of the strategy. “As AssetMark continues its evolution into a full-service wealth management...

EBI Partners with Al-Rushaid Technologies to Broaden International Reach

Written by Customer Service on April 3, 2023. Posted in Public Companies.

Company delivers innovative data protection to communities in the Middle East and North Africa Jacksonville, Florida, April 03, 2023 (GLOBE NEWSWIRE) — Everything Blockchain Inc., (OTCMKTS: EBZT), a technology company that is blending blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage and protect data, today announced a partnership with Al-Rushaid Technologies (ART). Together, the two companies will work to deliver highly-differentiated data protection solutions to countries in the Middle East and North Africa. ART, a subsidiary of Al-Rushaid Group, offers a variety of innovative IT solutions suitable for companies of all sizes and across various industries. The five-year distribution deal with a combined total of $47 million in performance based milestone payments to EBI will position ART as the exclusive...

Nextensa: Nextensa sells office building Treesquare in Brussels to KGAL Investment Management

Written by Customer Service on April 3, 2023. Posted in Mergers And Acquisitions.

PRESS RELEASE Brussels, 3 April 2023, 5.40 PM Nextensa sells office building Treesquare in Brussels to KGAL Investment Management The sale of Treesquare, a fully let sustainable office building located in the heart of the European district of Brussels, took place today. The German KGAL Investment Management purchased the property for the net price of 43.7 million euros by way of an asset deal. As a leading independent investment and asset manager, KGAL Investment Management (KGAL) has been active in the international real estate market for many years. The German group focuses on long-term investments for institutional and private investors in real estate, sustainable infrastructure and aviation. Treesquare will become part of the pan-European KGAL Core 4 Real Estate fund. “The property fits perfectly into the investment strategy...

Month: April 2023

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