Acquisition

Life Clips Reports Fiscal 2022 Third Quarter and Nine Month Results

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Wednesday, May 18, 2022 - 2:11pm
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AVENTURA, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the Company) today reported financial results from its Belfrics Group subsidiary for the third quarter of fiscal 2022, ended March 31, 2022.

Key Points: 
  • AVENTURA, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the Company) today reported financial results from its Belfrics Group subsidiary for the third quarter of fiscal 2022, ended March 31, 2022.
  • Commissions and Fees increased 29 percent to $2.04 million in the third quarter of fiscal 2022 as compared to $1.58 million in the previous quarter.
  • Investment Advisory revenue increased 84 percent to $662,478 in the third quarter of fiscal 2022 as compared to $360,320 in the previous quarter.
  • Results of Operations for the Nine Months Ended March 31, 2022 and 2021
    For the first nine months of fiscal 2022 ending March 31, 2022 total revenues were $5.24 million.

Illumio Appoints Mario Espinoza as Chief Product Officer

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Wednesday, May 18, 2022 - 2:07pm
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SUNNYVALE, Calif., May 18, 2022 (GLOBE NEWSWIRE) -- {{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}} Illumio, Inc. , the Zero Trust Segmentation company, today announced the appointment of Mario Espinoza as Chief Product Officer (CPO).

Key Points: 
  • SUNNYVALE, Calif., May 18, 2022 (GLOBE NEWSWIRE) -- {{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}} Illumio, Inc. , the Zero Trust Segmentation company, today announced the appointment of Mario Espinoza as Chief Product Officer (CPO).
  • Espinoza has nearly two decades of experience in network, cloud, and data security, building innovative product suites for some of the worlds top security organizations.
  • In this role, he will lead product strategy and the product management and engineering organizations to fuel continued innovation across the Illumio Zero Trust Segmentation product portfolio.
  • Prior to Palo Alto Networks, Espinoza spent over a decade at Symantec, where he held several product management leadership positions and served as the Vice President of Product Management for Information Protection.

The App-ocalypse: over half of marketers have lost revenue due to new ad regulations

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Wednesday, May 18, 2022 - 1:38pm
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The research revealed that 59% of marketers have lost revenue since Apples IDFA changes, the phasing out of third party cookies by Google, new privacy updates, and changing ad regulations.

Key Points: 
  • The research revealed that 59% of marketers have lost revenue since Apples IDFA changes, the phasing out of third party cookies by Google, new privacy updates, and changing ad regulations.
  • 61% of marketers have also reported that they have lost sleep because of the new changes.
  • The Bango report also discusses the iOS IDFA privacy changes already in effect which allow users to opt out of being tracked.
  • App marketers need a new solution, one that complies with privacy regulations and yields a high return on their marketing investment.

EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2022

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Wednesday, May 18, 2022 - 1:07pm
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An average of 9.54 vessels were owned and operated during the first quarter of 2022 earning an average time charter equivalent rate of $24,636 per day.

Key Points: 
  • An average of 9.54 vessels were owned and operated during the first quarter of 2022 earning an average time charter equivalent rate of $24,636 per day.
  • Tasos Aslidis, Chief Financial Officer of EuroDry commented:
    Our net revenues for the first quarter of 2022 were higher by 113% as compared to the first quarter of 2021.
  • Adjusted EBITDA during the first quarter of 2022 was $12.7 million compared to $4.0 million achieved for the first quarter of last year.
  • Adjusted EBITDA for the first quarter of 2022 was $12.7 million compared to $4.0 million achieved during the first quarter of 2021.

Millennial Announces $15 Million Bought Deal Public Offering

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Wednesday, May 18, 2022 - 12:32pm
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Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.55 for a period of 24 months from the closing of the Offering.

Key Points: 
  • Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.55 for a period of 24 months from the closing of the Offering.
  • The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec.
  • The Company plans to accelerate the development of its two flagship projects located in Nevada: Wildcat and Mountain View.
  • Millennial Precious Metals is led by an experienced management team and board of directors with a proven track record of success in financing and developing high-quality mining projects.

CVG Announces Amendment to Credit Facility

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Wednesday, May 18, 2022 - 12:30pm
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NEW ALBANY,Ohio, May 18, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) ("CVG" or the "Company") today announced that on May 12, 2022 it had entered into an amendment to increase its existing senior secured credit facilities to $325 million from $275 million consisting of a $175 million Term Loan A (the Term Loan A) and a $150 million Revolving Credit Facility (the Revolver and together with the Term Loan A the Senior Secured Credit Facilities).

Key Points: 
  • NEW ALBANY,Ohio, May 18, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) ("CVG" or the "Company") today announced that on May 12, 2022 it had entered into an amendment to increase its existing senior secured credit facilities to $325 million from $275 million consisting of a $175 million Term Loan A (the Term Loan A) and a $150 million Revolving Credit Facility (the Revolver and together with the Term Loan A the Senior Secured Credit Facilities).
  • The amendment provides the Company with additional capital flexibility to execute upon its transformation and growth initiatives.
  • Further, separate from the Companys annual $35 million cap, a one-time $45 million capital project basket was included in the amendment.
  • Additional information regarding the Senior Secured Credit Facilities can be found in Form 8-K filed with the Securities and Exchange Commission.

Sopheon Acquires Front-End Innovation Management Business Solverboard

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Wednesday, May 18, 2022 - 2:00pm
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MINNEAPOLIS, May 18, 2022 (GLOBE NEWSWIRE) -- Sopheon , the leading international provider of software and services for Enterprise Innovation Management solutions, today announced it has acquired the business and assets of Solverlink Limited (trading as Solverboard).

Key Points: 
  • MINNEAPOLIS, May 18, 2022 (GLOBE NEWSWIRE) -- Sopheon , the leading international provider of software and services for Enterprise Innovation Management solutions, today announced it has acquired the business and assets of Solverlink Limited (trading as Solverboard).
  • Solverboard is a UK-based business specializing in front-end innovation management.
  • Solverboard brings the innovation and product needs of professionals together so that they can focus on addressing these front-end innovation challenges with a distinct set of capabilities.
  • Sopheons innovation system provides unique, fully-integrated coverage for the entire innovation management and new product development life cycle, including strategic innovation planning, road mapping, idea and concept development, process and project management, portfolio management and resource planning.

ST. JAMES GOLD CORP. (TSX-V: LORD) FINALIZES ACQUISITION OF 29 CLAIMS ENCOMPASSING 725 HECTARES IN NEWFOUNDLAND – THE GRUB LINE PROPERTY

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Wednesday, May 18, 2022 - 2:00pm
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The property includes 29 map-staked claims covering 725 hectares in a favorable area for volcanogenic massive sulphide mineralization and orogenic-style gold mineralization.

Key Points: 
  • The property includes 29 map-staked claims covering 725 hectares in a favorable area for volcanogenic massive sulphide mineralization and orogenic-style gold mineralization.
  • St. James was pleased with the increased proliferation of activity in the region, leading to the fast-tracked acquisition of all 29 claims, despite the project standing at the second year of its four-year option agreement
    Figure 7.
  • The completion of our acquisition of 29 claims encompassing 725 hectares represents an important step on our journey to an increased presence in the area and allows us to further maximize shareholder value.
  • We understand the importance of continued exploration of the Grub Line property over the long term to better extrapolate its potential.

ProPhase Labs to Present at the H.C. Wainwright 2022 Global Investment Conference

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Wednesday, May 18, 2022 - 1:15pm
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Garden City, NY, May 18, 2022 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), a diversified diagnostics and genomics company, today announced that Chairman and CEO Ted Karkus will present at the H.C. Wainwright 2022 Global Investment Conference, which is taking place on May 23-26, 2022.

Key Points: 
  • Garden City, NY, May 18, 2022 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), a diversified diagnostics and genomics company, today announced that Chairman and CEO Ted Karkus will present at the H.C. Wainwright 2022 Global Investment Conference, which is taking place on May 23-26, 2022.
  • The presentation will be available on-demand beginning at 7:00 A.M. (ET) on May 24, 2022 to H.C. Wainwright registered attendees of the conference.
  • ProPhase Diagnostics also offers best-in-class rapid antigen and antibody/immunity tests to broaden its COVID-19 testing beyond RT-PCR testing.
  • ProPhase Global Healthcare, Inc., a subsidiary of ProPhase, was formed to seek to expand the Companys SARS-CoV-2 (COVID-19) testing into other countries and to pursue additional healthcare-related initiatives.

D-Orbit Signs Strategic Agreement with Astralintu Space Technologies

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Wednesday, May 18, 2022 - 2:00pm
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FINO MORNASCO, Italy, and QUITO, Ecuador, May 18, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and orbital transportation company, today announced that it has signed an agreement with Astralintu Space Technologies, a leading Ecuadorian space logistics company.

Key Points: 
  • FINO MORNASCO, Italy, and QUITO, Ecuador, May 18, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and orbital transportation company, today announced that it has signed an agreement with Astralintu Space Technologies, a leading Ecuadorian space logistics company.
  • With this agreement with Astralintu Space, we are continuing to expand D-Orbits global footprint, said Renato Panesi, D-Orbits Chief Commercial Officer.
  • Astralintu is a New Space company with capabilities in CubeSat manufacturing and payload integration, and space mission management based in Quito, Ecuador.
  • Astralintu Space Technologies is a new space company founded in 2020 with the goal of connecting the Latin American region and its people to the benefits of space.