Day: February 13, 2018

India Dry Type Transformer Market worth over $250mn by 2024: Global Market Insights, Inc.

Sellbyville, Delaware , Feb. 14, 2018 (GLOBE NEWSWIRE) — Global India Dry type Transformer Market is projected to cross USD 250 million by 2024, as reported in the latest study by Global Market Insights, Inc. Favourable regulatory framework pertaining to establishment of sustainable transmission systems coupled with growing suburban population across the nation will foster the dry type transformer market share. The India Energy Security Scenarios and the Intended Nationally Determined Contribution (INDC) are key policies introduced by the government to strengthen the environmental and energy policy. Northern region dry type transformer market is set to reach over USD 70

Navios Maritime Partners L.P. Announces $35 Million Public Offering of Common Units

MONACO, Feb. 13, 2018 (GLOBE NEWSWIRE) — Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM), an international owner and operator of container and drybulk vessels, announced today that it has agreed with investors to sell approximately 18.4 million common units for an aggregate of approximately $35.0 million in a registered direct offering at $1.90 per common unit, which includes the sale of approximately $5 million of common units to Navios Maritime Holdings Inc. The offering is expected to close on or about February 21, 2018. Navios Partners estimates that the net proceeds from the offering, after deducting estimated offering expenses and

RioCan Real Estate Investment Trust Announces Financial Results for 2017 With 5.4% Growth in Operating Income and 2.1% Same Property NOI Growth

RioCan’s HIGHLIGHTS for 2017: For the year ended December 31, 2017, IFRS Operating income increased 5.4% to $737 million. For the three months ended December 31, 2017 (“Fourth Quarter”), IFRS Operating income increased 3.9% to $188 million; Funds From Operations (“FFO”) increased 6.7% or $37 million to $585 million in 2017. FFO per unit increased 6.3% or $0.11 to $1.79, despite the sale of the U.S. portfolio in May 2016; FFO increased 9.1% or $12 million to $144 million in the Fourth Quarter over the comparable quarter in 2016. FFO per unit in the Fourth Quarter increased 9.3% or $0.04

UPDATE — betterU Education Corporation Signs Definitive Agreement and Provides Update on $100 Million Investment

OTTAWA, Feb. 13, 2018 (GLOBE NEWSWIRE) — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announced that on February 1st, 2018 Treasure Union Limited (“TU”) and the Corporation executed a definitive agreement (the “Definitive Agreement”). The Definitive Agreement solidifies the terms and conditions required to complete the final details for the US$100M equity investment in betterU, previously announced on November 3rd, 2017, November 24th, 2017 and January 16th 2018. The Corporation would also like to provide an update on the timing for the delivery of funds and issuance of shares. The Definitive Agreement includes several conditions

Fenix Parts Confirms Receipt of Unsolicited Offer from Upstate Shredding, LLC

WESTCHESTER, Ill., Feb. 13, 2018 (GLOBE NEWSWIRE) — Fenix Parts, Inc. (Pink Sheets:FENX), a leading recycler and reseller of original equipment manufacturer (“OEM”) automotive products, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding, LLC to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside of the Company’s previously announced strategic alternatives process, which is being managed by Stifel. Fenix Parts said its Board of Directors would continue to work with its financial and legal advisors to pursue a strategic or financial transaction that it believes is

Powerwave Odyssey Custom Stimulation Campaign Continues to Grow

EDMONTON, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) — Technology Solutions Inc. (Wavefront or the Company) (TSX-V:WEE) (OTCQX:WFTSF) a global leader in the advancement of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil (“IOR/EOR”) recovery is pleased to provide an update on the Powerwave Odyssey Custom Stimulation (POCS) campaign in the Kingdom of Saudi Arabia. The original seven well POCS campaign had already been expanded to 12 wells, and the number of wells in the campaign has recently been further expanded to 18 wells. To date, the Company’s local distribution partner has completed eight POCS. The original

Squire Amends Option to Acquire Star Property; Grants Stock Options

VANCOUVER, British Columbia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR) –  Further to the Company’s news release of December 6, 2017, the Company has amended the terms of its option agreement to acquire an interest in the Star property located 40 kilometres south southeast of Nazko in central British Columbia (the “Star Property”).  Under the amended option, the Company has the right to acquire an initial 51% undivided interest in the Star Property in consideration for cash payments totalling $60,000 and exploration expenditures of $785,000 over a period of two and one-half years as follows: Date Payment

National Research Corporation Announces Fourth Quarter and Year-End 2017 Results

LINCOLN, Neb., Feb. 13, 2018 (GLOBE NEWSWIRE) — National Research Corporation (NASDAQ:NRCIA) (NASDAQ:NRCIB) today announced results for the fourth quarter and year end 2017. Fourth Quarter Net New Sales $6.2 million Revenue up 5% to $29.9 million Net Income increased 14% to $6.5 million Year-End 2017 Net New Sales $22.2 million Revenue up 7% to $117.6 million Net Income increased 12% to $22.9 million Total Contract Value $125.1 million Revenue for the fourth quarter ended December 31, 2017, was $29.9 million, compared to $28.4 million for the same quarter in 2016. Net income for the quarter ended December 31, 2017,

Faircourt Asset Management Inc. Announces February Distributions

TORONTO, Feb. 13, 2018 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Funds (TSX:FGX), (TSX:FCS.UN), is pleased to announce the monthly distributions payable on the Shares and Trust Units of the below listed Funds.       Faircourt Funds Trading Symbol Distribution Amount (per share/unit) Ex-Dividend  Date Record Date Payable Date Faircourt Gold Income Corp. FGX $0.024 February 27, 2018 February 28, 2018 March 14, 2018 Faircourt Split Trust FCS.UN $0.06 February 27, 2018 February 28, 2018 March 8, 2018 Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust. 

Bengal Energy Announces Fiscal 2018 Third Quarter Results

CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces its financial and operating results for the third quarter of fiscal 2018 ended December 31, 2017. FISCAL Q3 2018 SUMMARY: The following is an overview of the financial and operational results during the three-month period ended December 31, 2017: Operational Summary: Production Volumes – Production in the third quarter of fiscal 2018 averaged 354 barrels of oil equivalent per day (“boepd”), a 8% decrease from the previous quarter and a slight decrease from Q3 fiscal 2017, respectively. Four of the five wells

Pure Gold Reports Third Quarter Financial Results

VANCOUVER, British Columbia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to announce that its unaudited condensed interim consolidated financial statements (“Financial Statements”) for the third quarter ended December 31, 2017 and the accompanying Management’s Discussion and Analysis are available for download on the Company’s website at www.puregoldmining.ca at under the Company’s SEDAR profile at www.sedar.com. Quarterly highlights and recent developments: Announced a new discovery (the Wedge Target) south of the existing mine site, adding 1,100 metres of strike length to the Madsen Mine trend, with high grade gold mineralization

Cannabis Wheaton Income Corp. Announces Prior Engagement of Investor Relations Firms

VANCOUVER, British Columbia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Cannabis Wheaton Income Corp. (TSX.V:CBW) (the “Company“) announces that it previously retained each of IRTH Communications, LLC (“IRTH“), Skanderbeg Capital Advisors Inc. (“Skanderbeg“) and Winning Media LLC (“Winning Media“) to provide investor relations services to the Company. IRTH IRTH was retained by the Company in October, 2017 to provide investor relations and communication services to the Company. IRTH, based in Santa Monica, California, is a leading provider of investor relations, financial communications, and strategic consulting services. IRTH provides a full suite of investor relations services utilizing modern technologies coupled with long

Aurionpro eying accelerated growth on sustained positive business momentum and reports revenue of Rs. 166.05 Cr in Q3 FY17-18, EBITDA at Rs. 27.02 Cr.

MUMBAI, INDIA, Feb. 13, 2018 (GLOBE NEWSWIRE) — Aurionpro Solutions Ltd (NSE:AURIONPRO) (BSE:532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the third quarter and nine months ended December 31, 2017. Q3 FY17-18 Financial Highlights Key highlights for the Q3 of FY17-18 are: Total Revenue for the quarter was Rs.166.05 Crore, up 13.26 % YoY Consolidated EBITDA (includes onetime expenses for ESPS of Rs 1.85 Crore, and Forex Loss of Rs 4.05 Crore) for the quarter was Rs. 27.02 Crore, up 48.08 % YoY. Adjusted EBIDTA at Rs.32.92 Crore. Profit

Chinook Energy Inc. Announces Its Unaudited 2017 Year End Results and Reserves

CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) — Chinook Energy Inc. (“Chinook” or the “Company”) (TSX:CKE) today announced its unaudited 2017 year end results and the results of its year end reserve evaluation effective December 31, 2017 as prepared by its independent evaluator.  Chinook’s audit of its 2017 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news release are unaudited and represent management’s estimates.  Readers are advised that these financial estimates are subject to audit and may be subject to change as a result. Highlights Proved producing reserves increased 47% year

Era Group Celebrates 70 Years of Service

HOUSTON, Feb. 13, 2018 (GLOBE NEWSWIRE) — Era Group Inc. (NYSE:ERA) (“Era”), one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the United States, is pleased to commence a year-long celebration of 70 years of service beginning in 1948.  Era’s founder, Carl Brady, learned to fly helicopters in Washington State where he formed Economy Pest Control.  In 1948, Brady renamed his company Economy Helicopters and moved his Bell 47B helicopter to Alaska to support the U.S. Government’s mapping of the territory, the first use of a commercial helicopter in Alaska.  By 1950,

Mueller Water Products to Present at Gabelli & Company’s 28th Annual Pump, Valve and Water Systems Symposium

ATLANTA, Feb. 13, 2018 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE:MWA), will present at Gabelli & Company’s 28th Annual Pump, Valve and Water Systems Symposium. The presentation will take place on Thursday, February 22, 2018 at 9:00 a.m. local time in New York City. The presentation will be webcast on Mueller Water Products’ website — www.muellerwaterproducts.com — and will be archived for approximately 90 days.  About Mueller Water Products Mueller Water Products, Inc. (NYSE:MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America.  Our broad product

Denver Seminary Names Dr. Lynn H. Cohick as Provost/Dean

Littleton, Colorado, Feb. 13, 2018 (GLOBE NEWSWIRE) — Denver Seminary is pleased to announce that Dr. Lynn H. Cohick has been named provost/dean beginning July 1, 2018. Dr. Cohick is an accomplished and widely respected New Testament teacher, scholar, and author. She has served at Wheaton College since 2000 as professor of New Testament and most recently as interim dean of humanities and theological studies. Regarding the hire of Dr. Cohick, Denver Seminary president, Dr. Mark Young, states, “Dr. Cohick’s experience in biblical scholarship, academic administration, international mission, and the ministry of the local church has given her the deep

Levon Closes $900,000 Private Placement

Not for distribution in the United Statesor through U.S. newswire services. VANCOUVER, British Columbia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Levon Resources Ltd. (TSX:LVN) (“Levon” or “the Company”) announces that it has amended and closed its previously announced non-brokered private placement (the “Placement”) through the issuance of units of the Company (“Units”) at a price of C$0.35 per Unit, for total gross proceeds of $899,925.   Each Unit will consist of one common share and one common share purchase warrant (each a “Warrant“) entitling the holder to acquire one common share of the Company at a price of C$0.50 per common

FreightCar America, Inc. Announces Date for Fourth Quarter 2017 Earnings Conference Call

CHICAGO, Feb. 13, 2018 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ:RAIL) will host a conference call and live webcast on Tuesday February 27, 2018 at 11:00 a.m. (Eastern Standard Time) to discuss the Company’s fourth quarter 2017 financial results.  The Company’s earnings release for the fourth quarter 2017 will be issued after market close on Monday February 26, 2018 and will be available on the Investor Relations page of the Company’s website at www.freightcaramerica.com. To participate in the conference call, please dial (800) 230-1093, Confirmation Number 444979.  Interested parties are asked to dial in approximately 10 to 15 minutes prior

Killam Apartment REIT Announces Q4 and 2017 Results, 3.2% Distribution Increase and $39 Million of Acquisitions

HALIFAX, Nova Scotia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Killam Apartment REIT (TSX:KMP.UN) (“Killam”) today reported its results for the fourth quarter and year ended December 31, 2017. 2017 Financial Highlights Generated net operating income (“NOI”) of $115.2 million, a 9.3% increase from $105.4 million in 2016. Reported net income of $104.8 million compared to $71.4 million in the prior year, due to strong operating performance, contributions from acquisitions and fair value gains on investment properties. Earned funds from operations (“FFO”) per unit of $0.90, a 4.7% increase from the prior year. Increased adjusted funds from operations (“AFFO”) per unit