Category: Globe Newswire

IFIC Monthly Statistics – December 2018

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced mutual fund net sales and net assets for December 2018.  The combined assets of Canada’s mutual fund industry totalled $1.42 trillion. Assets decreased by $51.8 billion or 3.5% compared to November 2018. The mutual fund industry recorded net sales of -$7.9 billion in December and net sales of $109 million for 2018.  Sales Highlights: Long-term fund net sales were -$8.9 billion in December. For 2018, net sales were -$2.5 billion, which were 105.7% lower than 2017. Balanced fund net sales were -$3.5 billion in

Veeco Announces Date for Fourth Quarter and Year-End 2018 Financial Results and Conference Call

PLAINVIEW, New York, Jan. 17, 2019 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full year 2018 financial results after the market close on Monday, February 11, 2019. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-800-239-9838 (toll free) or 1-929-477-0448 and use passcode 8815152. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco’s website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website

Bryn Mawr Bank Corporation Reports Record Quarterly Earnings of $17.1 Million and Record Annual Earnings of $63.8 Million in First Full Fiscal Year with Royal Bank, Declares $0.25 Dividend

BRYN MAWR, Pa., Jan. 17, 2019 (GLOBE NEWSWIRE) — Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”) today reported net income of $17.1 million, or $0.84 diluted earnings per share for the three months ended December 31, 2018, as compared to net income of $16.7 million, or $0.82 diluted earnings per share, for the three months ended September 30, 2018, and a net loss of $6.2 million, or ($0.35) diluted earnings per share, for the three months ended December 31, 2017. On a non-GAAP basis, core net income, which excludes Tax

Results of the Final 11 Holes – 2017/18 Drilling Program – Samalayuca Copper Property  Further Near Surface Mineralisation Located

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — VVC Exploration Corporation (“VVC” or the “Company”) (TSX-V: VVC) announces the results for the last eleven (11) diamond drill holes (DDH) from the Company’s drilling program at its Samalayuca Copper Property (the “Property”) in northern Chihuahua State, Mexico.  A total of 6,700 meters in 62 holes were drilled during the 2017/2018 drilling campaign.  The 11 DDH’s tested 3 mineralized zones: Juliana – 2 DDH, 120 m, Suerte – 2 DDH, 111 m, and Concha – 7 DDH, 318 m, with 10 intersecting near surface copper (“Cu”) mineralization with values greater than 0.1% Cu

Storage Magazine Names Cloudian’s HyperStore 7 a Finalist in 2018 Products of the Year Awards

Object Storage Platform Recognized for Powerful Data Management, Protection and Search Capabilities Across Public and Private Clouds SAN MATEO, Calif., Jan. 17, 2019 (GLOBE NEWSWIRE) — Cloudian, the innovation leader in enterprise object storage, today announced its HyperStore 7 software has been named a finalist in the “Software-defined and Cloud Storage” category of TechTarget’s Storage magazine and SearchStorage.com 2018 Products of the Year Awards. HyperStore 7 is a limitlessly scalable object storage platform with the industry’s best S3 compatibility, providing seamless data management across public and private cloud environments. Available as software or an integrated appliance, HyperStore enables users to

Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend

HAZARD, FRANKFORT, DANVILLE, and LANCASTER, Ky., Jan. 17, 2019 (GLOBE NEWSWIRE) — Kentucky First Federal Bancorp (Nasdaq: KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company’s Board of Directors declared a cash dividend of $0.10 per share payable on February 19, 2019, to shareholders of record on January 31, 2019.  Tony Whitaker, Chairman of the Company, stated that the Board of Directors determined that the payment of the dividend was appropriate in light of the Company’s capital position and financial condition. This

Fortis Inc. to Hold Teleconference on February 15 to Discuss 2018 Annual Results

ST. JOHN’S, Newfoundland and Labrador, Jan. 17, 2019 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE:FTS) will release its 2018 annual financial results on Friday, February 15, 2019. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). Barry Perry, President and Chief Executive Officer, and Jocelyn Perry, Executive Vice President, Chief Financial Officer, will discuss the Corporation’s 2018 annual financial results. Analysts, members of the media and other interested parties in North America are invited to participate by calling 1.877.223.4471. International participants may participate by calling 647.788.4922. Please dial in 10 minutes prior to the

Saxena White Appoints Brandon Grzandziel to Director of Firm

BOCA RATON, Fla., Jan. 17, 2019 (GLOBE NEWSWIRE) — Saxena White announced on December 17, 2018, that Brandon Grzandziel will be promoted from Attorney to a Director of the firm, effective immediately.  Being a tenured attorney at Saxena White, Mr. Grzandziel will use his knowledge to lead the firm into a strategic and prosperous future. “Saxena White maintains an unwavering commitment to combating corporate fraud,” said Mr. Grzandziel.  “Corporate executives will always come up with new and creative ways to enrich themselves at the expense of others, and I’m proud to be part of a firm that continues to fight

Preferred Bank Reports Quarterly and Annual Earnings

LOS ANGELES, Jan. 17, 2019 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), an independent commercial bank, today reported results for the quarter and year ended December 31, 2018. Preferred Bank (“the Bank”) reported net income of $18.7 million or $1.22 per diluted share for the fourth quarter of 2018. This compares favorably to net income of $7.7 million or $0.52 per diluted share for the fourth quarter of 2017 and to net income of $18.3 million or $1.20 per diluted share for the third quarter of 2018. The fourth quarter of 2017 was negatively impacted by a charge to the

StorageVault Converts $172.5 Million of Variable Rate Debt into 10 Year Term Debt at 4.23%

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has completed a $172.5 million 10 year term debt financing against 12 properties at a fixed annual interest rate of 4.23%. The proceeds from the term debt financing were used to reduce the amount outstanding under StorageVault’s $270 million variable interest credit facility, bringing the debt outstanding on this facility to $83 million. “The term loan is consistent with our strategy to reduce our variable interest rate exposure by entering into long term fixed interest rate term debt and freeing up room

Northwest Pipe Company Awarded Large Supply Position on the River Supply Conduit Program

Water transmission pipe will increase the capacity and improve the reliability of water supply to central Los Angeles VANCOUVER, Wash., Jan. 17, 2019 (GLOBE NEWSWIRE) — Northwest Pipe Company (Nasdaq: NWPX), an industry leader of engineered welded steel pipe products for the water transmission market, announced today it was selected to supply 2.5 miles of the water pipeline for the River Supply Conduit Improvement, Upper Reach, Unit 7 project. This project will increase the capacity and improve the reliability of the River Supply Conduit network that brings water to central Los Angeles. Frontier-Kemper Constructors, Inc. is the General Contractor for

Codorus Valley Bancorp, Inc. Reports Earnings For the Quarter and Year Ended December 31, 2018

YORK, Pa., Jan. 17, 2019 (GLOBE NEWSWIRE) — Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) of $4.3 million or $0.46 per share basic and diluted, for the three months ended December 31, 2018, as compared to earnings of $1.5 million or $0.16 per share basic and diluted, for the three months ended December 31, 2017.  For the year ended December 31, 2018, the Corporation earned $19.5 million or $2.08 per share basic and $2.06 per share diluted, compared

UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Cheetah Mobile Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, Jan. 17, 2019 (GLOBE NEWSWIRE) — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Cheetah Mobile Inc. (“Cheetah Mobile” or “the Company”) (NYSE: CMCM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s shares between April 26, 2017 and November 27, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before January 29, 2019.       If you are a shareholder who suffered a loss, click

Casa Systems Announces Preliminary Fourth Quarter and Full Year 2018 Financial Results

ANDOVER, Mass., Jan. 17, 2019 (GLOBE NEWSWIRE) — Casa Systems, Inc. (Nasdaq: CASA), a leading provider of converged broadband infrastructure technology solutions for mobile, cable and fixed networks, today announced certain preliminary results for the fourth quarter and fiscal year 2018 ended December 31, 2018. “Our fourth quarter results were impacted by lower than expected spending in hardware by certain MSO customers as they begin to transition from Integrated CCAP to Distributed Access Architecture (DAA).  As a result, we saw higher than anticipated software-based capacity sales during the quarter and lower than expected hardware volumes.  To a lesser extent we

CVR Energy Reports Exercise of Right to Purchase Common Units of CVR Refining

SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that it has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of CVR Refining, LP (NYSE: CVRR) (the “Partnership”) and an indirect wholly owned subsidiary of CVR Energy, pursuant to Section 15.1(a) of the Partnership’s First Amended and Restated Agreement of Limited Partnership, as amended (the “Limited Partnership Agreement”), to purchase all of the issued and outstanding common units representing limited partner interests in the Partnership (the “Common

CVR Refining Announces CVR Energy’s Exercise of Right to Purchase Common Units

SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Refining, LP (NYSE: CVRR) (the “Partnership”) announced today that CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of the Partnership and an indirect wholly owned subsidiary of CVR Energy, pursuant to Section 15.1(a) of the Partnership’s First Amended and Restated Agreement of Limited Partnership, as amended (the “Limited Partnership Agreement”), to purchase all of the issued and outstanding common units representing limited partner interests in the Partnership (the

NSR Announces Dissolution of Rand Malartic Mines Limited

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — NSR Resources Inc. (“NSR” or the “Company”) is pleased to provide the following update on a recent corporate event. Dissolution of Rand Malartic Mines LimitedAt a special meeting of the shareholders of Rand Malartic Mines Limited (“Rand”) held on December 21, 2018, a resolution approving the dissolution of Rand was approved. The dissolution became effective on December 31, 2018. Rand was a private company incorporated on March 25, 1937 pursuant to the Quebec Mining Companies Act, which was involved in the evaluation, acquisition and exploration of gold properties in Canada. NSR owned 94.6%

Michigan-Based Capital Mortgage Funding Predicts Stable Interest Rates & Steady Home Purchase Activity For 2019

Mortgage interest rates at 9 month lows SOUTHFIELD, Mich., Jan. 17, 2019 (GLOBE NEWSWIRE) — Activity in the home purchase market is very steady and home mortgage rates seem to have stabilized says Harry J. Glanz of Capital Mortgage Funding, based in Southfield, MI. “Rates for a 30 year fixed-rate mortgage are actually at 9 month lows,” says Glanz, “and buyers are ready, willing and able to snap up home listings that are in move in condition.” Currently, rates on a 30 year fixed-rate mortgage are ranging between 4.5-5% and 15 year fixed rates range from 4.125-4.5%. With interest rates

Even without Kubernetes, Google Dominates Code Commits Across Cloud Native Computing Foundation Projects

Mirantis’ Stackalytics shows Google responsible for 52% of all contributions across all CNCF projects, far ahead of number two Red Hat’s 7% SAN FRANCISCO, Jan. 17, 2019 (GLOBE NEWSWIRE) — Google dominates all code contributions made across projects of the Cloud Native Computing Foundation (CNCF), dwarfing all other contributors, according to analysis done via Stackalytics, an open source code analysis framework hosted by the OpenStack Foundation. Google is not only the largest contributor with 52.9% of all code commits, but it has seven times more contributions than the second largest contributor, Red Hat, with only 7.4%. CNCF is an open

Newton Energy Corporation Announces Termination of Letter of Intent for a Proposed Reverse Takeover Transaction

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES CALGARY, Alberta, Jan. 17, 2019 (GLOBE NEWSWIRE) — Newton Energy Corporation (TSXV:NTN.H) (the “Company” or “Newton”) announces that it has entered into a termination agreement with respect to the non-binding letter of intent with Verano Holdings, LLC previously announced on December 4, 2018. The Company continues to pursue opportunities for a potential acquisition. ON BEHALF OF THE BOARD NEWTON ENERGY CORPORATION Gino DeMichelePresident and Chief Executive OfficerPhone: (403) 680-7898 Neither the