Month: July 2023

On July 17, 2023, under the agreement signed in April 2023, the final preconditions for the completion of the transaction of sale of the 100% subsidiary JSC “Gaso” were met, and the change of ownership has been registered with the Commercial Register of the Republic of Latvia, with AS “Eesti Gaas” becoming holder of 100% of shares in the JSC “Gaso”. The JSC “Gaso” is the only natural gas distribution operator in Latvia. The JSC “Gaso” operates independently of the JSC “Latvijas Gāze” and the change of ownership will not affect the provision of the companies’ services to the customers of the JSC “Latvijas Gāze”. In the balance sheet contained by the Q1 2023 financial statement of the JSC “Latvijas Gāze”, the contribution to the JSC “Gaso” was included under current assets in the amount of 122 million EUR, while the equity of the JSC “Latvijas...

Quarterly Net Sales of $103.3 million/Net Income of $0.9 million BOCA RATON, Fla., July 17, 2023 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for the first quarter of fiscal year 2024, which ended on May 31, 2023. QEP reported net sales of $103.3 million for the quarter ended May 31, 2023, a decrease of $13.8 million or 11.8% compared to $117.1 million in the first quarter of fiscal 2023. The decrease in net sales was primarily due to lower demand in the North America retail and flooring dealer segments, along with the currency translation impact of the stronger U.S. Dollar in the current period.   Lewis Gould, Executive Chairman, commented on the Company’s results, “Although sales improved compared to the previous two quarters, the Company’s topline...

Gupta brings product leadership and vision scaling global platforms to Board position with the nation’s most visited automotive shopping site1 CAMBRIDGE, Mass., July 17, 2023 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Manik Gupta to its Board of Directors and Audit Committee, effective July 14, 2023. Gupta brings nearly 25 years of experience in the technology sector, currently as the Corporate Vice President of Microsoft Teams, serving over 300 million users across enterprises, small and medium businesses (SMBs), consumers, and the developer ecosystem. Prior to this, his background spans roles at several global technology companies, including Uber, Google, and Hewlett-Packard. “Manik’s deep experience...

The parties signed a five-year mutual exclusivity agreement commercializing Foresight’s proprietary software for semi- and fully-autonomous defense platforms Ness Ziona, Israel, July 17, 2023 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of an exclusive commercialization agreement with Elbit Systems Land Ltd. (“Elbit”), a subsidiary of Elbit Systems Ltd. (Nasdaq and TASE: ESLT), for the integration, marketing and licensing of Foresight’s image processing software solution. Foresight expects revenues of up to $4 million, over a contractual period of five years, with minimum guaranteed revenues of $1 million over that time period. The Company expects that it will start recognizing initial revenues from its agreement...

HANGZHOU, China, July 17, 2023 (GLOBE NEWSWIRE) — Jiuzi Holdings, Inc. (NASDAQ: JZXN; the “Company”), a leading new energy vehicle (NEV) dealership group operating under the brand name “Jiuzi” in China, today announced that it entered into a securities purchase agreement with certain institutional investors to purchase $2.3 million worth of its ordinary shares in a registered direct offering. Under the terms of the securities purchase agreement, the Company has agreed to sell an aggregate of $2.3 million ordinary shares and/or pre-funded warrants in a registered direct offering. The purchase price per ordinary share is $1.65 and the purchase price for the pre-funded warrants is identical to the purchase price for ordinary shares, less the exercise price of $0.01 per share. The gross proceeds to the Company...

Advancing to Second Cohort of Phase 1/1b Clinical Trial Evaluating BP1001-A to Treat Patients with Solid Tumors, Including Ovarian, Endometrial, Pancreatic and Breast Cancer HOUSTON, July 17, 2023 (GLOBE NEWSWIRE) — Bio-Path Holdings, Inc., (NASDAQ:BPTH), a biotechnology company leveraging its proprietary DNAbilize® antisense RNAi nanoparticle technology to develop a portfolio of targeted nucleic acid cancer drugs, today announced completion of the first dose cohort of the dose escalation portion of its Phase 1/1b clinical trial of BP1001-A (liposomal Grb2) in patients with solid tumors, including ovarian, endometrial, pancreatic and breast cancer. “We are delighted to have completed the first cohort of this first-in-human Phase 1/1b study of BP1001-A as it further demonstrated the drug’s favorable safety profile, which is critical...