Bank

RealManage Announces the Successful Closing of up to $100M Debt Capital

Retrieved on: 
Monday, May 16, 2022 - 9:00am

Plano, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- RealManage is pleased to announce the successful closing of up to $100 million of debt capital.

Key Points: 
  • Plano, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- RealManage is pleased to announce the successful closing of up to $100 million of debt capital.
  • On February 16, 2022, Prosperity Bank led and served as the administrative agent of the credit facility, which includes a syndicate of institutional lenders.
  • This will allow RealManage to continue its vision of becoming the best company in the world at managing jointly owned properties.
  • This successful transaction reflects our lenders' confidence in our financial strength and our bright future," said Christopher ONeill, Chief Executive Officer of RealManage.

PureSoftware bags fintech award for financial technology in SBR Technology Excellence Awards

Retrieved on: 
Monday, May 16, 2022 - 8:00am

SINGAPORE and NOIDA, India, May 16, 2022 /PRNewswire/ -- Committed to its pursuit of delivering new-age banking solutions to banks, financial institutions, fintech firms, and the ultimate banking consumer, 'PureSoftware' has developed the industry-leading unified fintech platform — 'Arttha' for its customers.

Key Points: 
  • 'Arttha' has led banking and financial services transformation with its "Digital for the Unbanked" strategy to be a market leader.
  • Manish Sharma , Chief Executive Officer at PureSoftware said, "We are extremely proud to win this award and tremendously delighted for the recognition received.
  • Arttha has powered banks and fintech firms in emerging markets to gain an immense digital advantage by providing next-gen banking solutions to their customers.
  • Their flagship product 'Arttha' is one of the fastest-growing financial technology platforms focusing on Digital Lending, Digital Payments, and Core Banking solutions.

ONE ZERO Digital Bank Chooses AU10TIX to Power its Customer Verification System and KYC (Know Your Customer) Process

Retrieved on: 
Monday, May 16, 2022 - 7:00am

TEL AVIV, Israel and NEW YORK, May 16, 2022 /PRNewswire/ -- ONE ZERO Digital Bank is proud to announce it has chosen AU10TIX to power its customer verification system and KYC (Know Your Customer) platform.

Key Points: 
  • TEL AVIV, Israel and NEW YORK, May 16, 2022 /PRNewswire/ -- ONE ZERO Digital Bank is proud to announce it has chosen AU10TIX to power its customer verification system and KYC (Know Your Customer) platform.
  • The Bank of Israel, Israel's central bank, gave ONE ZERO Digital Bank its stamp of approval to use AU10TIX's technology.
  • Amichai Levy, CTO of ONE ZERO Digital Bank, says, "The relationship between bank and customer is based on trust and security.
  • Thanks to AU10TIX, ONE ZERO Digital Bank can ensure our customers a secure means of identity verification with zero human intervention."

HSA Group: urgent solutions needed to avert food import shortages and further humanitarian crisis in Yemen

Retrieved on: 
Monday, May 16, 2022 - 4:00am

DUBAI, UAE, May 16, 2022 /PRNewswire/ -- HSA Group - Yemen's largest company and the country's leading wheat importer - has issued a stark warning that time is running out to avert a potentially catastrophic famine from spreading across Yemen, as a result of unprecedented disruption to global wheat supplies generated by the fallout from the conflict in Ukraine.

Key Points: 
  • Without urgent action, the latest developments have the potential to push Yemen's ongoing food security crisis to the point of no return.
  • Global wheat prices have recently reached a 14-year high, which is already having massive consequences for suppliers and manufacturers across the world.
  • Yemen is facing the prospect of food affordability and global supply chain challenges on a scale not seen before.
  • Yemen is suffering a grave food security crisis and the threat of extreme hunger and life-threatening malnutrition in Yemen has deteriorated further this year.

HSA Group: urgent solutions needed to avert food import shortages and further humanitarian crisis in Yemen

Retrieved on: 
Monday, May 16, 2022 - 4:00am

DUBAI, UAE, May 16, 2022 /PRNewswire/ -- HSA Group - Yemen's largest company and the country's leading wheat importer - has issued a stark warning that time is running out to avert a potentially catastrophic famine from spreading across Yemen, as a result of unprecedented disruption to global wheat supplies generated by the fallout from the conflict in Ukraine.

Key Points: 
  • Without urgent action, the latest developments have the potential to push Yemen's ongoing food security crisis to the point of no return.
  • Global wheat prices have recently reached a 14-year high, which is already having massive consequences for suppliers and manufacturers across the world.
  • Yemen is facing the prospect of food affordability and global supply chain challenges on a scale not seen before.
  • Yemen is suffering a grave food security crisis and the threat of extreme hunger and life-threatening malnutrition in Yemen has deteriorated further this year.

Pareteum to Use Voluntary Chapter 11 Process to Facilitate Efficient Sale Process and Position Business for Long-Term Success; Company to Maintain Operations as Usual

Retrieved on: 
Monday, May 16, 2022 - 3:57am

NEW YORK, May 15, 2022 /PRNewswire/ -- Pareteum Corporation (OTC: TEUM) and certain affiliates (collectively, "Pareteum" or the "Company"), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Company intends to execute a strategic asset sale under section 363 of the Bankruptcy Code while addressing legacy issues to best position the business for future success.

Key Points: 
  • These agreements are subject to higher and better offers, among other conditions, as well as approval from the Bankruptcy Court.
  • The Company expects to continue operations as usual during the Chapter 11 process and complete the process in a swift manner.
  • We look forward to using this process to position our business for sustained future success across our business lines.
  • Such motions are typical in the Chapter 11 process and Pareteum anticipates that they will be heard in the first few days of its Chapter 11 cases.

HUB Security announces an NIS 17M PIPE close at NIS 6 per share and an update on the upcoming NASDAQ SPAC merger

Retrieved on: 
Sunday, May 15, 2022 - 7:35pm

Further, and following the Company's reports regarding a merger agreement with SPAC traded on NASDAQ, the Company updates that, as of the date of this announcement, the merger transaction proceeds as planned at the current price of $10 per share.

Key Points: 
  • Further, and following the Company's reports regarding a merger agreement with SPAC traded on NASDAQ, the Company updates that, as of the date of this announcement, the merger transaction proceeds as planned at the current price of $10 per share.
  • For further details, refer to Note 29 to the financial statements as of 31.12.2021; report dated 31 March 2022 (reference: 2022-01-034230).
  • HUB Cyber Security (Israel) Limited ("HUB") was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces.
  • HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.

Legacy Businesses in Atlanta, Worth $163 Billion in Revenue, at Stake As Baby Boomers Retire

Retrieved on: 
Saturday, May 14, 2022 - 5:20pm

ATLANTA, May 14, 2022 /PRNewswire-PRWeb/ -- Today Project Equity launched an initiative to retain Black-owned legacy businesses and preserve jobs in Atlanta, bolster the local economy and generate wealth as business owners retire in partnership with Atlanta Wealth Building Initiative and Morehouse College. In the Atlanta metro region, according to a study by Project Equity, 28,943 businesses are 20 years old or older, accounting for over $163 billion in revenue. These businesses employ nearly 427,400 workers in the area. In addition, one-third of the workforce in the region are Black or African American, and 6,274 businesses with employees are Black- or African American-owned.

Key Points: 
  • With one-third of local businesses Black-owned, this initiative will turn employees into owners, strengthening the region's resiliency.
  • In addition, one-third of the workforce in the region are Black or African American, and 6,274 businesses with employees are Black- or African American-owned.
  • With half of the business owners in this region beginning to retire, it is time to turn risk into opportunity.
  • Employee ownership retains businesses as owner's retire, supports recovery in the wake of COVID-19, and builds wealth for workers.

CPI Aerostructures Reports Third Quarter and Nine Month 2021 Results

Retrieved on: 
Saturday, May 14, 2022 - 2:40am

EDGEWOOD, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced financial results for the three and nine month periods ended September 30, 2021.

Key Points: 
  • EDGEWOOD, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero or the Company) (NYSE American: CVU) today announced financial results for the three and nine month periods ended September 30, 2021.
  • For the third quarter of 2021, we generated cash flow from operations of $1.2 million, an expected reversal from the $(2.4) million use of funds for the second quarter of 2021 as product deliveries continue to reduce contract assets and inventory.
  • These forward-looking statements include, among others, those statements regarding the Companys expected financial results for the year ended December 31, 2021.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

NUTEX HEALTH ANNOUNCES 2022 Q1 FINANCIAL RESULTS FOR PRE-MERGER CLINIGENCE HOLDINGS, INC.

Retrieved on: 
Saturday, May 14, 2022 - 2:00am

NOTE: The 2022 1st QUARTER FINANCIAL RESULTS DESCRIBED HEREIN REFLECT THE PRE-MERGER COMPANY AND THEREFORE ONLY INCLUDE THE FINANCIAL RESULTS OF CLINIGENCE HOLDINGS, INC., PRIOR TO THE MERGER WITH NUTEX HOLDCO ON APRIL 1, 2022.

Key Points: 
  • NOTE: The 2022 1st QUARTER FINANCIAL RESULTS DESCRIBED HEREIN REFLECT THE PRE-MERGER COMPANY AND THEREFORE ONLY INCLUDE THE FINANCIAL RESULTS OF CLINIGENCE HOLDINGS, INC., PRIOR TO THE MERGER WITH NUTEX HOLDCO ON APRIL 1, 2022.
  • This revenue only reflects the revenue of pre-merger Clinigence Holdings, Inc. and does not reflect the Q1 revenue of pre-merger Nutex Health.
  • This gross profit only reflects the gross profit of pre-merger Clinigence Holdings, Inc. and does not reflect the Q1 revenue of pre-merger Nutex Health.
  • Therefore, the 2022 Q1 financial results reflect only the Q1 financial results of pre-merger Clinigence Holdings, Inc.