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Day: June 22, 2023

Better Choice Announces Strategic Investment from Alphia of $5 Million, Establishes Multi-Year Manufacturing Partnership

The investment will restructure company debt, supporting sustainable, long-term business growth NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that Alphia, Inc. (“Alphia”), a leading custom manufacturer of super-premium pet food in the U.S., has invested $5 million into the Company, establishing a direct manufacturing relationship and stabilizing business outlook. The investment will also eliminate the debt held by Better Choice’s subsidiary brand Halo, Purely for Pets, Inc., with Old Plank Trail Community Bank, N.A., an affiliate of Wintrust Bank, N.A. (“Wintrust Credit Facility”) and will offer improved liquidity and minimal financial covenants. “We look forward to working with Alphia, leveraging their investment...

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TOMI Expands Distribution Channels with Additional Partner in Italy

FREDERICK, Md., June 22, 2023 (GLOBE NEWSWIRE) — TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announced a partnership with International Business Development (I.B.D.) as a distributor in Italy. The partnership between TOMI and I.B.D. originated during the INTERPHEX conference earlier this year. During the event, I.B.D. had the opportunity to acquaint themselves with SteraMist and subsequently evaluated its efficacy at one of TOMI’s existing customers in Italy. Leveraging its extensive network, I.B.D. is expected to help drive broader acceptance of SteraMist’s advanced disinfection technology to reinforce contamination control practices throughout Italy. I.B.D, founded in 1997, distributes high technology solutions to the Automation and...

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Bravo Multinational (OTC: BRVO) Unveils Visionary Rebranding as an Entertainment, Technology, and Hospitality Powerhouse

Pioneering a Paradigm Shift in Media & Entertainment Investment OpportunitiesBravo Multinational (OTC: BRVO) Unveils Visionary Rebranding as an Entertainment, Technology, and Hospitality Powerhouse Bravo Multinational, Inc. (OTC: BRVO) (“Bravo”) announces its intention to undergo a strategic rebranding, positioning the Company for growth based on its newly defined mission as an entertainment, hospitality, and technology company – www.bravomultinationalinc.comVIRGINIA BEACH, Va., June 22, 2023 (GLOBE NEWSWIRE) — Bravo Multinational, Inc. (OTC: BRVO) (“Bravo”) announces its intention to undergo a strategic rebranding, positioning the Company for growth based on its newly defined mission as an entertainment, hospitality, and technology company. This transformative initiative reflects Bravo’s vision to bring together...

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Crown Crafts Announces Financial Results for Fourth Quarter and Full Year Fiscal 2023

GONZALES, La., June 22, 2023 (GLOBE NEWSWIRE) — Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2023, which ended April 2, 2023. Fourth Quarter SummaryNet sales of $21.6 million, compared to $25.7 million in the prior-year quarterNet income of $828,000, or $0.08 per diluted share, compared to $2.4 million, or $0.24 per diluted share, in the prior-year quarterDeclared quarterly dividend of $0.08 per share of Series A common stockAcquired Manhattan Group, LLC (“Manhattan Toy”) on March 17, 2023Fiscal 2023 SummaryNet sales of $75.1 million, compared to $87.4 million in fiscal 2022Gross margin of 26.4% of net sales, compared to 26.7% in the prior yearNet income of $5.7 million, or $0.56 per diluted share, compared to $9.9 million, or $0.98 per diluted...

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Despite economic challenges, U.S. consumers define vacation as “essential”

trivago reveals the top destinations for summer travel as consumer study finds 77% of US travelers are dipping into their savings to travel this year. DÜSSELDORF, GERMANY – June 22, 2023 – The overall price of lodging has climbed 23.6% over the last two years, but a new study from global accommodations search platform trivago reveals there’s a continued desire to hit the road this summer, even if it means finding new ways to cut costs. Consumers across the U.S. won’t let rising prices stop them, with a majority (77%) planning to dip into their savings this year to travel. Despite a looming recession and the rising cost of goods, U.S. consumers are still planning to travel this year. In fact, proprietary summer travel data from trivago for the upcoming travel season reveals the top destinations U.S. consumers are headed this...

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OMNIQ’S AI BASED MACHINE VISION “Q-SHIELD™” WINS A NEW PROJECT IN SOUTH AMERICA.

In partnership with a multibillion dollar publicly traded high tech defense and homeland security company, the new award involves the deployment of 55 Q-Shield systems based on patented AI neural network algorithm, across a district of the State of Uruguay. omniQ’s AI – Machine Vision proprietary technology is deployed worldwide from Himalaya to South America, the Gulf, Israel, and the US including airports, cities and universities.SALT LAKE CITY, June 22, 2023 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has received a new order for its AI based Machine Vision solution “Q-Shield” in South America. CEO Shai Lustgarten stated, “In partnership with a multibillion-dollar publicly traded high-tech defense and...

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SELLAS Announces First Patient Dosed in Phase 2a Clinical Trial of GFH009 in Acute Myeloid Leukemia

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) — SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) (“SELLAS’’ or the “Company”), a late-stage clinical biopharmaceutical company focused on the development of novel therapies for a broad range of cancer indications, today announced that the first patient has been dosed in a Phase 2a study of its novel and highly selective CDK9 inhibitor, GFH009, in combination with venetoclax and azacitidine (aza/ven) in patients with relapsed/refractory (r/r) acute myeloid leukemia (AML) who did not respond or stopped responding to venetoclax-based therapies. Topline data is expected during the fourth quarter of this year. The Phase 2a clinical trial is an open label, single arm, multi-center study that is designed to evaluate safety, tolerability, and efficacy at two dose levels of GFH009 (once weekly 45...

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Sotera Health Finalizes Settlement of Ethylene Oxide Litigation in Illinois

99.7% of eligible claimants agree to participate in settlement CLEVELAND, June 22, 2023 (GLOBE NEWSWIRE) — Sotera Health Company (“The Company”) (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced that the opt-in process for the January 2023 settlements of ethylene oxide claims against Sterigenics in the Circuit Court of Cook County, Illinois is complete and Sterigenics has elected to proceed with the settlements. 879 of the 882 claimants eligible to participate in the settlement program have opted in. The settling claimants and Sterigenics will now request that the Circuit Court enter an order confirming that these are good-faith settlements under the Illinois Contribution Among Joint Tortfeasors Act....

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MISTRAS Group Set To Rejoin Russell 3000® Index

PRINCETON JUNCTION, N.J., June 22, 2023 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (MG: NYSE) – a leading “one source” multinational provider of integrated technology-enabled asset protection solutions – announced today that it is set to rejoin the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19, 2023. MISTRAS Group Chief Executive Officer, Dennis Bertolotti, commented, “We are excited to be included in the Russell indexes, a rewarding accomplishment recognizing the significant progress achieved over the past year. Our participation in these indexes will bring increased visibility to a broader investor audience and help drive awareness of our leadership...

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Innovative Eyewear Announces Pricing of $4.7 Million Public Offering

MIAMI, June 22, 2023 (GLOBE NEWSWIRE) — Innovative Eyewear Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd® brand, and licensee of the Nautica®, Eddie Bauer® and Reebok® brands, today announced the pricing of its public offering of 4,500,000 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. Each unit is being sold at a public offering price of $1.05. The warrants in each unit will be immediately exercisable at a price of $1.05 per share and will expire five years from the date of issuance. The shares of common stock and the accompanying warrants can only be purchased together in this offering but will be issued separately and will be immediately separable upon...

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