Myndshft Names Mark D. Hiatt, MD, to its Board of Directors
MESA, Ariz., April 25, 2019 /PRNewswire/ -- Myndshft, a healthcare technology company that automates and simplifies administrative processes, today announced it has named Mark D. Hiatt, MD, MBA, MS, as the newest member of its board of directors. An established physician executive and innovator with experience as a clinician and chief medical officer, Dr. Hiatt currently serves as Vice President of Medical Affairs for Guardant Health, a pioneer in non-invasive cancer diagnostics and the first company to commercialize a comprehensive genomic liquid biopsy.
DEXON Mainnet Goes Live with Key Industry Supporters and New Brand Identity
NEW YORK, April 25, 2019 /PRNewswire/ -- DEXON, the latest distributed ledger technology solving the blockchain trilemma, today announced the launch of its mainnet with the participation of businesses including Gemstra, simplyBrand, Ledger, and KHAM. A new brand identity and a revamped global website are also unveiled today to reflect DEXON Foundation's long-held commitment to building a universal blockchain ecosystem that hosts a variety of real-world applications.
DEXON Mainnet Goes Live with Key Industry Supporters and New Brand Identity
NEW YORK, April 25, 2019 /CNW/ -- DEXON, the latest distributed ledger technology solving the blockchain trilemma, today announced the launch of its mainnet with the participation of businesses including Gemstra, simplyBrand, Ledger, and KHAM. A new brand identity and a revamped global website are also unveiled today to reflect DEXON Foundation's long-held commitment to building a universal blockchain ecosystem that hosts a variety of real-world applications.
ICONLOOP Appoints James Kim, the Chairman and CEO of AMCHAM Korea, as Its First Advisor
SAN FRANCISCO, April 25, 2019 /PRNewswire/ -- ICONLOOP, one of the largest blockchain enterprises in South Korea, has appointed James Kim, the Chairman and CEO of AMCHAM Korea, as its first company advisor. ICONLOOP has found many ways of incorporating its technology into various industries in Korea and has grown rapidly to encompass approximately 160 employees within three years since its establishment in May 2016. ICONLOOP is making an all-out effort to become a more mature IT company this year as it marks the start of the blockchain's full-fledged market entry. Mr. Kim, who has been leading global companies for over 30 years, and his experience is expected to have a synergistic effect at ICONLOOP. In particular, Mr. Kim, an industry-recognized management expert, is expected to give a big boost to the growth of ICONLOOP. Mr. Kim served as CEO at leading global companies such as GM Korea, Microsoft Korea and Yahoo Korea. He was appointed the Chairman of AMCHAM Korea in 2014, and has been contributing to the successful entry of global companies into Korea and the creation of a healthy business environment as the Chairman and CEO of AMCHAM Korea since 2017. In the future, Mr. Kim plans to work on expanding enterprise business, setting the overall business direction, and establishing macro strategies for ICONLOOP. "Having been in the IT industry for a long time and running global companies, I believe the value that blockchain business will have as the next-generation IT infrastructure and the growth potential of ICONLOOP based on its previous moves and achievements. This is a crucial time for ICONLOOP to expand its business in more concrete and practical ways as the blockchain industry is about to fully grow into a blossoming market. I will help ICONLOOP become a global IT company leading the international stage," said Mr. Kim. Jonghyup Kim, CEO of ICONLOOP, stated, "ICONLOOP has been solidifying its presence in the Korean blockchain industry as a technology partner of Seoul Metropolitan Government, Korea National Election Commission, Korea Financial Investment Association, and Kyobo Life Insurance. ICONLOOP is also continuing its efforts for global business by building smart cities with blockchain as a joint-business partner of WeGO (World Smart Sustainable Cities Organization) and signing a Collaboration Arrangement with ITU. It is an honor to move into the global market hand in hand with James Kim." Contact: Hyejin Kim, firstname.lastname@example.org View original content to download multimedia:http://www.prnewswire.com/news-releases/iconloop-appoints-james-kim-the-chairman-and-ceo-of-amcham-korea-as-its-first-advisor-300838540.html SOURCE ICONLOOP
Fusion Receives Nasdaq Delisting Notice
NEW YORK, April 19, 2019 /PRNewswire/ -- Fusion (Nasdaq: FSNN), a leading provider of cloud services, today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market on April 16, 2019 informing the Company that it has not paid certain fees required by Listing Rule 5250(f).
Global X Announces Transfer of CHIC to NYSE Arca
NEW YORK, April 18, 2019 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, today announced it is changing the primary listing exchange of the Global X MSCI China Communication Services ETF (Ticker: CHIC). The fund will cease trading on the Nasdaq and begin trading on the NYSE Arca, Inc. exchange on May 3rd, 2019. Fund shareholders are not required to take any action as a result of this announcement.
Hoth Therapeutics, Inc. to Ring NASDAQ Closing Bell on April 22, 2019
NEW YORK, April 18, 2019 /PRNewswire/ -- Hoth Therapeutics, Inc.(NASDAQ: HOTH), a biopharmaceutical company focused on unique targeted therapeutics for patients suffering from indications such as atopic dermatitis-also known as eczema-as well as dermatological and chronic wound disorders announced today its Chief Executive Officer Mr. Robb Knie will be joined by other members of the management team to ring the NASDAQ Closing Bell on Monday, April 22, 2019 to celebrate the Company's recent listing to the NASDAQ Capital Market.
MainStreet Bancshares, Inc. Trading on Nasdaq
FAIRFAX, Va., April 22, 2019 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB), the holding company for MainStreet Bank, announced that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the "SEC") has become effective and that its shares of common stock are now trading on the Nasdaq Capital Market. The Company's shares previously traded on the OTCQX under the same symbol – MNSB. Jeff W. Dick, Chairman and Chief Executive Officer of the Company, said, "We are very excited to migrate to the Nasdaq Capital Market. Our market cap is currently just over $175 million, and our goal is to create more liquidity in our shares for our stockholders. The timing is perfect as indices such as the Russell 2000 begin ranking US companies in early May for inclusion in their June 2019 index." The Company is subject to the reporting requirements of the SEC, and specifically of the Securities Exchange Act of 1934, as amended. This means the Company will file annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and subject itself to additional reporting obligations related to proxies, shareholder actions and stock ownership rules. The Form 10 filing provided investors detailed and audited information about the Company's operations, including an overview of the business strategies, risk factors, and financial statements. The ongoing obligation to timely file with the SEC will help the Company's new and current investors make informed and educated investment decisions about the Company. A copy of the Form 10 is available at www.sec.gov under the name of MainStreet Bancshares, Inc. ABOUT MAINSTREET BANKMainStreet Bank is a $1.1 billion community bank that serves the Washington, DC metropolitan area. The bank was formed in 2004 and operates six branches in Herndon, Fairfax, Fairfax City, McLean, Leesburg and Clarendon. A seventh branch is scheduled to open in Washington, DC in 2019. MainStreet has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not restricted by a conventional branching system, as it can offer business customers the ability to Put Our Bank in Your Office®. With robust and easy-to-use online business banking technology, MainStreet has "put our bank" in well over 1,000 businesses in the Metropolitan area. MainStreet has a full complement of payment system services for third party payment providers. MainStreet has a nationally known market leader on-staff ready to help payment providers create a solution perfect for their needs. MainStreet has a robust line of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions. From mobile banking and Apple Pay to instant-issue Debit Cards, MainStreet Bank is always looking for ways to improve its customer experience. MainStreet Bank was the first community bank in the Washington, DC Metropolitan area to offer a full online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS – a solution that provides up to $140 million in FDIC insurance. Further information on the Bank can be obtained by visiting its website at mstreetbank.com. This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission ("the SEC"), including under Item 1A. Risk Factors, in our Registration Statement on Form 10 filed with the SEC on February 15, 2019. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance. CONTACT: R. Bruce Gemmill 703-481-4567 View original content to download multimedia:http://www.prnewswire.com/news-releases/mainstreet-bancshares-inc-trading-on-nasdaq-300835197.html SOURCE MainStreet Bancshares, Inc.
Cyient Reports The Quarter With Continued Growth In Revenue, Profit And Cash
~ Performance in line with outlook for FY19 with PROGRESS in A&D, Transportation and IE&NR ~
Vantagepoint AI Makes ANOTHER +$10,000 Donation to Shriners Hospitals for Children
WESLEY CHAPEL, Fla., April 17, 2019 /PRNewswire/ -- Vantagepoint AI does it again with a donation of more than $10,000 to Shriners Hospitals for Children. "It's not the first time we've been able to do this," said Vantagepoint President Lane Mendelsohn, "and I guarantee it won't be the last!"
Sterlite Power Signs Concession Agreement for the Pampa Project in Rio Grande do Sul
• The agreement for batch 13, won at energy transmission auction held by ANEEL
Cyient Reports The Quarter With Continued Growth In Revenue, Profit And Cash
~ Performance in line with outlook for FY19 with PROGRESS in A&D, Transportation and IE&NR ~ – Highest ever group annual revenue at $660Mn; growth of 8.7% in $ terms, 10.1% in CC terms; group revenue at ₹46,175 Mn, growth at 17.9% – Highest ever annual operating profit at ₹6,443; growth of 17.3% post NBA investments – Highest ever services operating margin at 16.4% for last 20 quarters, growth of 120 bps YoY – Services revenue at $ 146.9Mn; growth of 1.7% QoQ (1.4% in CC), 2.9% YoY – Group operating margin at 15.1% - highest in the last 20 quarters; expansion of 33 bps QoQ HYDERABAD, India, April 25, 2019 /PRNewswire/ -- Cyient (Estd: 1991, NSE: CYIENT), a global provider of engineering, manufacturing, geospatial, network, digital and operations management solutions to global industry leaders, today reported its consolidated financial results for the fourth quarter (Q4) of FY 2019 ending March 31, 2018. Financial Highlights:For FY2019 Group revenue at $660Mn; growth of 8.7%, 10.1% in CC terms Group revenue at ₹46,175 Mn; YoY growth at 17.9%Services revenue at $580 Mn; growth of 6.3% (7.6% in CC) DLM revenue at $79.7Mn; growth of 29.3% Highest ever operating profit at ₹6,443; growth of 17.3% post NBA investments Highest ever normalized profit after tax at ₹4,898 Mn; growth of 14.0% Highest ever Free Cash flow at ₹3,770 Mn Free Cash Flow conversion at 48.4% Highest ever final dividend at ₹9/share, ₹15/share for the full year Including buy back of ₹200 crores, the pay-out is ~82%For Q4 FY19 Highest ever services operating margin at 16.4% for last 20 quarters, growth of 120 bps YoY Services revenue at $ 146.9Mn; growth of 1.7% QoQ (1.4% in CC), 2.9% YoY Group operating margin at 15.1% - highest in the last 20 quarters; expansion of 33 bps QoQ Lowest ever ETR at 15.2%; lower by 719 bps QoQ, 651 bps YoY Highest ever normalized Profit After Tax (PAT) at ₹1,881 Mn; growth of 104.2% QoQ; 54.7% YoYBusiness Highlights YoY revenue growth in A&D, Transportation and IE&NR stood at 5%, 9% & 6% respectively NAM & APAC YoY revenue growth of 2%, 23% respectively Rolled out a portfolio of services and solutions for 5G deployment Selected by UK power portal networks to develop an outage planning portal Tripartite MoU with the Government of Telangana and Telangana State Aviation Academy (TSAA) for Drone Pilot Training and Certification Programs Launched Cybersecurity Security Operations Centre (SOC) 16 NBA programs in full swing - Proposal submission and advanced level discussion on a few projects with customers Balance 26% in Cyient DLM Pvt. Ltd. purchasedMessage from the Management Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said, "Our performance was lower than the initial expectations both on revenue and margin. Our revenue for the quarter stood at $165.2 Mn which was a 3.3% growth YoY and 0.3% degrowth QoQ in constant currency. In USD our revenue for the quarter was flat QoQ. We recorded the highest group operating profit margin of 15.1% since the acquisition of Cyient DLM. This was achieved due to operational efficiencies; incremental bill days and lower SG&A spend in the quarter. We also recorded our highest ever services revenue this quarter driven by Semiconductor, Utilities & Geospatial and Transportation business segments. Our Design led Manufacturing (DLM) BU witnessed a degrowth mainly on account of our defocus from non-margin generating clients and push out of an order due to documentation issues. For the year we delivered a strong performance. We witnessed a growth of 10.1% YoY in constant currency, due to performance in Semiconductor, Communications, Transportation and Aerospace and Defense business segments. We also recorded our highest ever PAT at INR 4,898 Mn an increase of 14% YoY. This year saw an increased momentum in strategy execution resulting in acquisition of Ansem N.V (in April2018) a leading fabless, custom analog and mixed-signal application-specific integrated circuits (ASICs) design company and 100% stake in Cyient Insights, a data science company (formerly named Invati Insights) of which Cyient had acquired 51% stake in 2014. We also acquired additional 26% stake in Cyient DLM in the year. The acquisitions allow us to create a unique and comprehensive ecosystem of engineering capability, emerging technologies and design led manufacturing capability which not only enables Cyient to meet global customer expectations, but also to achieve our strategic goal of providing complete systems and solutions to clients across industries. We also won many accolades through the year and were recognized by major industry analysts. The key among them being Pratt & Whitney supplier awards for 'Supplier Highest Productivity' Award, 'Supplier Innovation' Award and 'Consistent Supplier Productivity' Award. The awards reflect Cyient's continued focus on excellence, innovation, and success within its Pratt & Whitney Center of Excellence (CoE). This year we were also ranked as an 'Established and an Expansive' player by Zinnov, a global consulting and advisory firm, in its 2018 report on engineering R&D services. Cyient was also placed in the 'Leadership Zone' across four industry verticals—aerospace, energy & utilities, transport, and construction & heavy machinery – retaining its leadership position of several years. Our outlook for FY20 remains strong backed by a strong pipeline and order backlog. We expect a high single digit growth in our services business while DLM business is expected to grow in the range of 15%. We will deliver a double-digit EBIT growth this year." Commenting on the results, Mr. Ajay Aggarwal, President & CFO, said, "I am pleased to share that for FY19, we saw a strong and a well-rounded performance with earnings growth of 14% (Normalised EPS at ₹ 43.4) and operating profit growth of 17.3%. The revenue stood at $660 Mn with highest ever operating profit in INR terms (₹ 6443 Mn) and normalised PAT (₹ 4,898 Mn). Healthy conversion of Free Cash Flow to EBITDA at 48.4% culminating into a highest ever Free Cash Flow of ₹3,770 Mn. We also declared a highest ever final dividend of ₹10/share, taking the total dividend for the year to ₹15/ share. The company embarked on a special initiative of a buy-back of INR 200 crores which progressed well on anticipated lines. The NBA program is garnering good traction and we are very confident that it would accelerate Cyient's EPS growth by 1.5-3%, from FY21 onwards. Profit improvement initiatives including cost optimisation and operational efficiency is on top priority. This would reflect in the results in the short-term. We are confident of delivering a strong performance in FY20. We are actively pursuing opportunities in organic and inorganic investments. Cyient would continue to focus on its commitments and the investor expectations aiming to maximize the shareholder's wealth." Business performance and outlook Aerospace & DefenceAerospace & Defense (A&D) BU witnessed a growth of 0.4% QoQ and 5.4% YoY in constant currency. There was marginal growth in services business led by key accounts. The shortfall was primarily from the DLM and analytics business and workload challenges in Singapore business. The BU is witnessing strong traction across the product lifecycle and will continue to invest in S3 strategy to drive growth. The momentum is expected to continue into FY20 and the outlook for the year remains positive driven by growth in Avionics and DLM segments. CommunicationsThe Communications BU witnessed a degrowth of 3.7% QoQ and 2.5 % YoY in constant currency. This has been a particularly difficult quarter for the BU as most of the deals got pushed to early next year. The delay in decision making on couple of large programs and work allocation being restricted impacted performance in the quarter. The BU launched various 5G offerings and is supporting a large carrier in their 5G road map. Focus on IoT, Open Source and RPA are expected to be key technological advancements in 2020. The BU expects a stronger momentum in FY20. Utilities & GeospatialUtilities and Geospatial BU witnessed a growth of 3.2% QoQ and 0.8% YoY in constant currency. The growth in the BU was driven by new customer additions and new solutions offerings. More established solution offerings like iDMS for utilities and road health analytics for geospatial continue to gain traction. The BU expects a strong growth in FY20 in Europe and North American markets backed by a strong pipeline and continued interest in solutions across all geographies. TransportationTransportation BU witnessed a growth of 3.5% QoQ and 14.8% YoY in constant currency driven by momentum in key accounts and new project wins. The BU continues to make significant progress in identifying opportunities and launching new solution offerings in areas such as Augmented Reality, Smart Asset Maintenance & Cab Alarm notification. The outlook for the year continues to remain positive driven by strong industry growth in key segments, healthy pipeline and long term relationships. Industrial, Energy and natural resources (IE&NR)IE&NR BU witnessed growth of 0.6% QoQ and 8.6% YoY in constant currency. The BU experienced delays in key client projects. The BU continues to witness a strong pipeline in connected equipment, power and asset health monitoring solutions with new opportunities in both existing and new clients. The mining segment is showing growth in asset health monitoring as they continue to focus on operational efficiency and automation. The power business is seeing new opportunities in turbine design and engine controls systems. The industrial business has new opportunities in augmented and virtual reality, manufacturing engineering and electronics. The BU is expected to witness growth in FY20 driven by continued performance in key accounts. Semiconductor, Internet of Things & Analytics (SI&A)Semiconductor BU witnessed a growth of 22.5% QoQ and 47.8% YoY in constant currency terms. Our key Accounts continued to see moderate growth while new clients contributed to additional growth. Our Turnkey ASIC business saw significant new design wins in the quarter. Despite significant headwind and margin pressure on our traditional layout and physical design services, we increased our focus on pre-silicon verification and post-silicon validation in semiconductor design services, deploying innovative equipment in our Hyderabad and Bangalore labs. This focus is helping us create momentum with clients. We continue to work with new clients, expanding our foray into unique and growing applications in AI and autonomous driving. Our outlook for FY20 continues to remain positive based on opportunities identified with key clients and the challenges that our services and solutions are primed to address. Medical Technology and HealthcareThe Medical Technology and Healthcare (MT&H) BU delivered a growth of 4.3% QoQ and 9.7% YoY in constant currency in a seasonally slow quarter. This quarter saw increased focus on both services and design led manufacturing with an increased pipeline for large transformational opportunities providing end-to-end product development services to strategic segments. We are focused on strengthening the sales funnel and backlog and are optimistic about new business. The BU expects to witness strong growth through FY20 driven by growth in strong pipeline, order intake, venture investments and ecosystem partnerships. Design Led ManufacturingDLM BU degrowth of 11.9% QoQ and 10% YoY in constant currency terms. The QoQ growth was impacted by change and seasonality in oder intake in India Israel business. Our planned exit from a major customer due to low margins also impacted our growth. Our outlook for FY20 continues to remain positive based on strong pipeline and order intake. Operational Highlights CSR Activities Received "CSR Leadership" Award from ET Now in Community Development category Continue to support 25 Government Schools – providing education to 15800+ underprivileged children Continue to support 67 Cyient Digital Centers (CDCs) in around Hyderabad to more than 27000+ children and 5,500+ community members Provided training to a pilot batch of 300 unemployed women on tailoring, bakery and beauty courses through the Cyient Urban Micro Sill Center (CUMSC) for urban poorAwards & Recognitions Positioned as an established and expansive player in Zinnov Zones' ER&D services report 2018 Recognized as a "Major Contender" in Everest Group's Peak Matrix Medical Device Engineering Services Assessment 2019 Cyient & India2022 coalition Launched Medtech Connect platform to address India's last – mile challenge in healthcare Cyient Finance team won the "Best Risk Management Systems and Framework" award in the Treasury Risk and Compliance Excellence by Kamikaze B2B MediaFuture Outlook for FY20 Revenue Growth High single digit growth for Services in constant currency DLM business expected to grow by ~ 15% in constant currencyEBIT Double digit growth in Earnings Before Interest and Tax Others ETR likely to be in the range of 22.5% - 23.5% Other income is expected to be marginally higher than current year based on a strong forex forward position (at current spot rate) and recurring export incentivesAbout Cyient Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, digital, networks, and operations management solutions to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems. As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve. Relationships form the core of how Cyient works. With over 15,000 employees in 22 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization's culture and requirements. Cyient's industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources. For more information, please visit www.cyient.com. Follow news about the company at @Cyient. Media Relations Meeta SinghBoard: +91 40 6748 9100Mobile: +91 994 906 5300Email: Meeta.Singh@cyient.com DisclaimerThis document contains certain forward-looking statements on our future prospects. Although Cyient believes that expectations contained in these statements are reasonable, their nature involves a number of risks and uncertainties that may lead to different results. These forward-looking statements represent only the current expectations and beliefs, and the company provides no assurance that such expectations will prove correct. All the references to Cyient's financial results in this update pertain to the company's consolidated operations comprising wholly-owned and Step-down subsidiaries Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyient Israel India Limited; Cyient Insights Private Limited; Cyient Canada Inc.; Cyient Defense Services Inc.; Certon Software Inc.; Certon Instruments Inc.; B&F Design Inc.; New Technology Precision Machining Co. Inc.; Cyient Insights LLC; Cyient Benelux BV; Cyient Schweiz GmbH; Cyient SRO; AnSem NV; AnSem B.V.; Cyient AB; partly owned subsidiaries Cyient Solutions and Systems Private Limited; Cyient DLM Private Limited; joint venture Infotech HAL Ltd (HAL JV) & associate company Infotech Aerospace Services Inc. (IASI) until 8th December 2017. The income statement and cash flow provided is in the internal MIS format. MIS format is different from the income statement published as part of the financial results, which is as per the statutory requirement. View original content to download multimedia:http://www.prnewswire.com/news-releases/cyient-reports-the-quarter-with-continued-growth-in-revenue-profit-and-cash-300838519.html SOURCE Cyient
Innovative Portfolios Launches Two New Mutual Funds
INDIANAPOLIS, April 18, 2019 /PRNewswire/ -- Innovative Portfolios, LLC, announces it has been chosen as the investment advisor to two new mutual funds--Dividend Performers and Preferred-Plus. As part of the Collaborative Investment Series Trust, these two funds will be available for investors.
AmeriServ Financial, Inc. to Webcast 2019 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 17, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and Hagerstown, Maryland; and loan production offices in Altoona and Wilkins Township, PA announced today there will be a live webcast of AmeriServ's 2019 Annual Meeting of Shareholders.
Barings Global Short Duration High Yield Fund Announces April Monthly Distribution of $0.1482 per Share
CHARLOTTE, N.C., April 11, 2019 /PRNewswire/ -- Barings Global Short Duration High Yield Fund (the "Fund") (NYSE: BGH) announced its monthly dividend for April 2019 of $0.1482 per share, payable on May 1, 2019. Based on the Fund's March 29, 2019 share price of $18.10 per share, the distribution represents an annualized yield of 9.83% per share. Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.
SHAREHOLDER ALERT: Monteverde & Associates PC Launches an Investigation of the Board of Directors and Officers
NEW YORK, April 18, 2019 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors and Officers of the following companies in connection with their corresponding upcoming shareholder meeting: National Security Group, Inc. (NasdaqGM:NSEC)– May 17, 2019 Click here for more information: https://www.monteverdelaw.com/case/national-security-group-inc. It is free and there is no cost or obligation to you. Plug Power Inc. (NasdaqGM:PLUG) – May 9, 2019 Click here for more information: https://www.monteverdelaw.com/case/plug-power-inc. It is free and there is no cost or obligation to you. Rezolute, Inc. (OTC:RZLT) – April 24, 2019 Click here for more information: https://www.monteverdelaw.com/case/rezolute-inc. It is free and there is no cost or obligation to you. Micron Solutions, Inc. (NYSE American:MICR)– May 23, 2019 Click here for more information: https://www.monteverdelaw.com/case/micron-solutions-inc. It is free and there is no cost or obligation to you. Salem Media Group, Inc. (NasdaqGM:SALM)– May 8, 2019 Click here for more information: https://www.monteverdelaw.com/case/salem-media-group-inc. It is free and there is no cost or obligation to you. WideOpenWest, Inc. (NYSE:WOW)– May 10, 2019 Click here for more information: https://www.monteverdelaw.com/case/wideopen-west-inc. It is free and there is no cost or obligation to you. Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017 and 2018, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 and 2018 Top Rated Lawyer. If you own common stock in any of the above listed companies and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (212) 971-1341. Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4405New York, NY 10118United States of Americajmonteverde@monteverdelaw.comTel: (212) 971-1341 Attorney Advertising. (C) 2019 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter. View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-monteverde--associates-pc-launches-an-investigation-of-the-board-of-directors-and-officers-300834951.html SOURCE Monteverde & Associates PC
Best in the Nation: S & B Honored with Excellence in Construction Eagle Award for Energy Transfer’s Lone Star NGL Frac V Project in Mont Belvieu, Texas
HOUSTON--(BUSINESS WIRE)-- On March 27, Associated Builders and Contractors (ABC) presented S & B Engineers and Constructors, Ltd. (S & B) with a National Excellence in Constructio
Statement of Texas Energy Leaders about Port of Houston Legislation
AUSTIN, Texas--(BUSINESS WIRE)-- The Coalition for a Fair and Open Port would like to thank Lieutenant Governor Dan Patrick, Senator Carol Alvarado, and Senator Brandon Creighton f
Global Fuel Additives Market Will Grow at a CAGR of 7% During 2019-2023 | Technavio
LONDON--(BUSINESS WIRE)-- Technavio has announced the release of their research report on the global fuel additives market for the forecast period 2019-2023. This global fuel addit
Leveraging PESTEL Analysis to Predict Major Shifts in Economy and Make Prudent Business Decisions – An Infiniti Research Engagement for an Oil and Gas Company
April 25, 2019 13:00 UTC LONDON--(BUSINESS WIRE)-- A well-known market intelligence company, Infiniti Research, has recently announced the completion of their latest PESTEL analysis engagement for an oil and gas company. During the course of this engagement, the experts at Infiniti Research helped the client make use of profitable opportunities and anticipate all the future challenges facing the company. Also, the study highlights how the in-depth insights obtained from this PESTEL analysis engagement helped the client in anticipating major shifts in the economy and making prudent business decisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190425005538/en/ PESTEL analysis engagement for an oil and gas company (Graphic: Business Wire) At present, companies in the oil and gas industry are going through immerse regulatory pressure due to major environmental disasters that happened in the past. Moreover, the adoption of renewable energy sources and the increasing trend towards alternative energy sources are increasing pressure for companies in the oil and gas industry. This creates the need for companies to leverage a PESTEL analysis solution to identify and respond to the changes in the macro environment and differentiate themselves from the competition. Wondering how changing macro-economic policies can impact the growth of your company? Request a FREE brochure to learn more about our services portfolio and the advantages of conducting PESTEL analysis for your company. The business challenge: The client is an oil and gas company based out of Central Europe. The rising environmental regulations were causing challenges for the company to conduct business in specific areas. Therefore, the client realized the need to conduct a PESTEL analysis to determine the risks and opportunities associated with the market. With Infiniti’s PESTEL analysis solution, the client wanted to understand how the changing macro-economic factors could affect their potential customer base and take measures to minimize their effects. Request a free proposal to know why your company should conduct a PESTEL analysis before implementing any tactical plan to maintain a steady growth rate and gain a competitive edge in the market. The solution offered: The experts at Infiniti Research conducted a detailed analysis of all the macro-economic factors such as the political, economic, social, technological, legal, and external environment of the company. Infiniti’s PESTEL analysis solution helped the client to identify key metrics pertaining to various socio-economic factors that could impact their business growth. With this, they were able to make use of profitable opportunities and anticipate all future difficulties. This subsequently helped the client to understand major economic shifts and ensure cost-effective production level. Moreover, in-depth insights obtained from PESTEL analysis provided the client with better actionable data through which they could leverage profitable opportunities. Infiniti’s PESTEL analysis engagement helped the client to: Recognize business opportunities and employ them successfully Raise awareness of potential threats in the market Wondering how your business can benefit from our PESTEL analysis engagement? Request more information from our experts! Infiniti’s PESTEL analysis engagement offered predictive insights on: Making more decisive and knowledgeable business decisions Analyzing data on future opportunities and threats Interested in achieving high growth for your business? Get in touch with us to know how our PESTEL analysis engagement can help. About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005538/en/ Contacts Infiniti ResearchAnirban ChoudhuryMarketing ManagerUS: +1 844 778 0600UK: +44 203 893 3400https://www.infinitiresearch.com/contact-us Source: Infiniti Research Smart Multimedia Gallery Photo PESTEL analysis engagement for an oil and gas company (Graphic: Business Wire) Logo View this news release and multimedia online at: http://www.businesswire.com/news/home/20190425005538/en
Global X Expands its Suite of Covered Call Strategies with the Launch of the Russell 2000 Covered Call ETF
NEW YORK, April 22, 2019 /PRNewswire/ -- Global X ETFs, the New York based provider of exchange traded funds, today announced that it has launched the Global X Russell 2000 Covered Call ETF (Cboe: RYLD), designed to track the Cboe Russell 2000 BuyWrite Index. The fund gains exposure to the stocks in the Russell 2000 Index and writes at-the-money monthly call options on the same index. The fund receives a premium from writing the call options, which can help increase the fund's distributions and potentially mitigate downside risks.
SoFi Releases SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) ETFs
SAN FRANCISCO, April 11, 2019 /PRNewswire/ -- SoFi announced today the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). Both funds have fee waivers in place that lower total fund expenses to zero through at least June 30, 2020.
Evolve Announces Name Changes for Certain Evolve ETFs
TORONTO, April 3, 2019 /CNW/ - Evolve Funds Group Inc. ("Evolve") announces today, effective on or about April 3, 2019, the name changes for certain exchange traded funds (ETFs) as set out below. In each case, the name changes do not affect the stock exchange ticker symbols, CUSIPS, investment strategies or index methodologies for the ETFs. Unitholders are not required to take any action in relation to the name changes.
Scotia Global Asset Management announces April 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
TORONTO, April 23, 2019 /CNW/ - Scotia Global Asset Management today announced the April 2019 cash distribution for the Scotia Strategic Fixed Income ETF Portfolio listed on the TSX (ticker: SFIX), which pays on a monthly basis. Unitholders of record on April 30, 2019 will receive a cash distribution payable on May 3, 2019 as detailed below: Scotia Strategic ETF Portfolio Ticker symbol (TSX) Cash distribution per unit ($) Scotia Strategic Fixed Income ETF Portfolio SFIX 0.041 For more information on this Portfolio, visit scotiabank.com/ETF. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated. About Scotia Global Asset ManagementScotia Global Asset Management is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. About ScotiabankScotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees1 and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews. 1Employees are reported on a full-time equivalent basis. SOURCE Scotiabank
INFINITI sponsors 123rd Boston Marathon, presents U.S. Marine Corps veteran Dan Lasko with complimentary entry to iconic race
HJ Sims Partners with Lutheran Senior Services to Finance Campus Expansion, Capital Improvements while Preserving Future Entrance Fees to Refund Higher Coupon Bonds
FAIRFIELD, Conn., April 3, 2019 /PRNewswire/ -- HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the successful $92,370,000 financing, which closed in February 2019, for Lutheran Senior Services (LSS). Located in MO and IL, LSS is a non-profit parent company that, with its subordinate entities, owns and operates 17 communities, all managed by LSS. LSS provides independent living, affordable housing, assisted living, assisted living memory care, skilled nursing care centers, skilled memory care, and short-stay rehabilitation services. Sims was engaged by LSS to underwrite the financing of an expansion to the Mason Pointe community and additional planned capital improvements at other communities in the LSS network. Sims identified bonds that were bearing interest above current market rates and a strategy to repay those bonds on a current basis to reduce the interest cost to LSS. Sims and LSS devised a plan of finance that featured a relatively short maximum term while providing a level debt service platform and maximizing the application of anticipated future initial entrance fee inflows to repay higher-rate bonds. Sim proposed utilizing a smaller portion of the entrance fee pool to repay bonds allowing LSS to take advantage of relatively historically low interest rates for longer-term debt, call provisions that took into account the impact of the elimination of advanced refunding bonds, and a longer term entrance fee bond that was callable, if not fully repaid within three years. On January 25, 2019, Sims successfully priced and subsequently closed on February 25, 2019, the aggregate $92,370,000 Fitch BBB rated, fixed-rate bond financing. The LSS bonds were widely distributed, and the implemented financing structure allows LSS to achieve its objectives of minimizing overall interest expense while preserving a portion of projected initial entrance fee inflows to repay higher coupon indebtedness in the future. "LSS chose Sims for it most recent financing which included the funding for a major independent living expansion for us and funding for additional projects. While the short-term goal was to fund the construction of expansion, the longer-term goal was to provide additional future capital that would allow us to refinance bonds not yet callable that have higher interest rates than the current market. We had an aggressive time table that was carried off with no issues. The team, headed by Aaron Rulnick and Melissa Messina, was extremely professional and evaluated our existing documents thoroughly and provided meaningful insight and helped position us for future financings. The sales effort resulted in strong demand for our bonds and we were very pleased with the results," said Paul Ogier, CFO, LSS. For Financed Right® solutions, contact: Aaron Rulnick at 301-424-9135 | firstname.lastname@example.org or Melissa Messina at (203) 418-9015 | email@example.com. ABOUT HJ SIMS: Founded in 1935 on Wall Street, HJ Sims is a privately held investment bank and wealth management firm with $2.2 billion of assets under management. HJ Sims is known as one of the country's oldest underwriters of tax-exempt and taxable bonds, having raised $25+ billion for projects throughout the US. The firm is headquartered in Fairfield, Connecticut, with nationwide investment banking, private client wealth management and trading locations. HJ Sims is not affiliated with LSS. Visit www.hjsims.com/ourstory. Investments involve risk, including the possible fluctuation of principal. Past performance is no guarantee of future results. Member FINRA, SIPC. Follow HJ Sims on Facebook, LinkedIn, Instagram and Twitter. CONTACT: Tara Perkins, Assistant Vice President | 203-418-9049 | firstname.lastname@example.org View original content to download multimedia:http://www.prnewswire.com/news-releases/hj-sims-partners-with-lutheran-senior-services-to-finance-campus-expansion-capital-improvements-while-preserving-future-entrance-fees-to-refund-higher-coupon-bonds-300824151.html SOURCE HJ Sims
Markups on Auto Loan Packages reach record high of $1,791, according to the Outside Financial Markup Index
Aberdeen Global Dynamic Dividend Fund Announces Update On Transition, Performance Data And Portfolio Composition
Aberdeen Total Dynamic Dividend Fund Announces Update On Transition, Performance Data And Portfolio Composition