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Month: July 2024

Hillman Sets Second Quarter 2024 Earnings Release and Results Presentation Date

CINCINNATI, July 11, 2024 (GLOBE NEWSWIRE) — Hillman Solutions Corp. (Nasdaq: HLMN) (“Hillman”), a leading provider of hardware products and merchandising solutions, plans to host a conference call to discuss its results for the thirteen weeks ended June 29, 2024 on Tuesday, August 6, 2024 at 8:30 a.m. Eastern Time. Hillman will issue its earnings release on the same day prior to the results presentation. Chairman, President, and Chief Executive Officer Doug Cahill; Chief Operating Officer Jon Michael Adinolfi; and Chief Financial Officer Rocky Kraft will host the results presentation. Results Presentation Details:            Date: Tuesday, August 6, 2024            Time: 8:30 a.m. Eastern Time            Listen-Only Webcast: https://edge.media-server.com/mmc/p/rc53kxup Research analysts wishing to participate in the call’s live...

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Palisade Bio Announces Successful Completion of First GMP Manufacturing of PALI-2108 Drug Substance and Engineering Batches of Drug Product

Company has now completed murine and non-murine pivotal nonclinical studies using GMP PALI-2108 drug substance Company has successfully formulated enteric-coated tablets of PALI-2108 and has demonstrated consistent and reliable drug release profiles Company on track to commence Phase 1 human clinical study of PALI-2108 for the treatment of moderate-to-severe ulcerative colitis (UC) before year end Carlsbad, CA, July 11, 2024 (GLOBE NEWSWIRE) — Palisade Bio, Inc. (Nasdaq: PALI) (“Palisade” or the “Company”), a biopharmaceutical company focused on developing and advancing novel therapeutics for patients living with autoimmune, inflammatory, and fibrotic diseases, today announced the successful completion of the first Good Manufacturing Practice (GMP) batch of its drug substance PALI-2108, an orally administered, locally acting colon-specific...

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Victory Square Company Hydreight Expands Its “At-Home Blood Testing” Solution with More Tests To All 50 States

In a joint-venture with a national laboratory, Hydreight and its medical network are expanding at-home lab tests spanning a range of general wellness, nutrition, heart health, blood sugar, sexual health, thyroid, inflammation and gut health by Q4, 2024. VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investor access to a portfolio of 25+ innovative companies from around the world in a single stock, is pleased to share that its portfolio company – Hydreight Technologies Inc. (“Hydreight” or the “Company”) ( TSXV: NURS )( OTCQB: HYDTF )( FSE: SO6 ), a fast-growing mobile clinical network and medical platform which enables flexible at-home medical services across 50 states in the United States, is pleased to...

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SMC Announces Retirement of Additional $436,884 of Debt

BOCA RATON, Fla., July 11, 2024 (GLOBE NEWSWIRE) — SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the retirement of an additional $436,884 of debt in the form of consulting fees and management conversion of accrued earnings (the “Debt”). The Debt retirement will be reflected in the Company’s third quarter 2024 financial statements. The Debt is comprised of $300,374 held by one of our non-affiliate debt holders. The balance of $136,500 is comprised of accrued consulting fees held by current insiders, and all of the Debt was converted to the Company’s common shares at $0.002 per share, for a total of 68,250,000. All share...

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Sono-Tek Reports 40% Increase in Sales and 525% Increase in Net Income for First Quarter Fiscal 2025

Provides Sales Guidance for Second Quarter of Fiscal 2025 and Anticipates Continued Sales Growth for Fiscal 2025 MILTON, N.Y., July 11, 2024 (GLOBE NEWSWIRE) — Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter of fiscal year 2025, ended May 31, 2024. First Quarter FY2025 Financial Highlights: (Compared with prior-year period unless otherwise noted)Net Sales for the quarter increased 40% to $5,031,000 compared to $3,603,000 in the prior year period, driven by strong shipments to the Medical and Alternative/Clean Energy markets. Gross Profit increased 38% to $2,454,000 compared to $1,777,000 in the prior year period. Operating Income increased $330,000 to $238,000, from an operating loss of $92,000 at May 31, 2023. The...

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Methode Electronics, Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results

Positive Fourth Quarter Free Cash Flow Net Debt at Lowest Level of the Fiscal Year Over $140 Million in Program Awards in Fourth Quarter Fiscal 2025 Actions Expected to Reposition Company for Growth in Fiscal 2026 Jon DeGaynor Appointed President, CEO and a Member of the Board of DirectorsCHICAGO, July 11, 2024 (GLOBE NEWSWIRE) — Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the fourth quarter and full year ended April 27, 2024. Fiscal Fourth Quarter 2024 HighlightsNet sales were $277.3 million Electric and hybrid vehicle applications were 14% of net sales Goodwill impairment of $49.4 million in North American Automotive reporting unit Net loss was $57.3 million, or...

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MAG Provides Update on Silver King Fire In Piute County, Central Utah

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports that its Deer Trail Project in central Utah is being affected by the Silver King Fire in Piute County. In an abundance of caution, exploration operations at the Deer Trail Project have been temporarily paused, with all personnel safe and the Deer Trail site secure. MAG will continue to carefully monitor the situation and comply with all local directives. The Company does not expect this temporary pause in operations to have a material impact on the business. About MAG Silver Corp. (www.magsilver.com) MAG Silver Corp. is a growth-oriented Canadian mining and exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG Silver is a top-tier primary...

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Reliance, Inc. to Announce Second Quarter 2024 Results on Thursday, July 25th

SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) — Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, July 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company’s website at reliance.com. Reliance, Inc. Second Quarter 2024 Conference Call Details   DATE: Thursday, July 25, 2024   TIME: 8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time   DIAL-IN: (877) 407-0792 (U.S. and Canada)(201) 689-8263 (International)   CONFERENCE ID: 13747336   WEBCAST: https://viavid.webcasts.com/starthere.jsp?ei=1677482&tp_key=500744a3c6   For...

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Chart Industries Named Winner of Frost & Sullivan Institute’s Enlightened Growth Leadership Best Practices Awards

ATLANTA, July 11, 2024 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, has been named a winner of the 2024 Enlightened Growth Leadership Best Practices Awards. This prestigious accolade honors companies that have successfully integrated sustainable practices into their business models, leading the way in both innovation and social responsibility. This year’s winners have shown outstanding leadership in sustainability, from minimizing carbon footprints and championing renewable energy to advancing health care and ensuring responsible resource use. Their efforts reflect a deep commitment to creating a sustainable and equitable world. The selection process for these prestigious awards involves a rigorous evaluation using a proprietary...

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Carbon Revolution Secures Further Release of $5 Million from OIC as Company Hits Financing Milestones

GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) — Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company’s shares outstanding. Proceeds from the OIC investment will continue to fund the company as it works to satisfy the growing demand from Carbon Revolution’s OEM customers. The Company is making substantial investments in capacity and throughput and has been producing...

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