Market Newsdesk

SANTA MONICA, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best Black Friday deals on new and used vehicle purchases and trade-in values.

“Black Friday is the biggest shopping day of the year and it’s no different for car shopping. It’s a great weekend for car buyers looking to score a deal on their next car,” said Nick Woolard, Director of OEM Analytics for TrueCar.

“Pandemic-related production pauses this past spring caused a delay in getting the new model year vehicles on the dealers’ lots, many of which are still rolling out. This bodes well for new car shoppers, as automakers incentivize the outgoing model when they introduce the new model year. Additionally, many automakers are looking to make up for lower sales volumes earlier in the year, leaving plenty of opportunities for deals this Black Friday,” added Woolard.

Best Cash, Lease


,


and Finance Deals on New Cars


Navigating the new car incentive landscape is complex for any car buyer. TrueCar looks at deals across popular models, and at each incentive type (cash, lease, finance), and surfaces the best offer when compared with the prior month. This month average savings off MSRP are close to 7% across all new models.

Visit the TrueCar Blog for vehicle descriptions and photos.

Pricing and savings information is based on transaction data available to TrueCar
as of 11/17
/2020.
Average cash, lease
,
and finance savings are subject to change and individual savings may vary by factors such as location, individual vehicle attributes, dealer, credit approval, credit score, APR, applied residual value, amount financed
,
and term. Average lease and finance payments may vary based on similar factors as well as down payment. Average finance and lease savings based on an assumed 4.15% APR and ALG residual value benchmarks.

Best


Deals on Used


Vehicles


TrueCar looked at popular used vehicles at a model level and curated those that experienced a significant month-over-month drop in the list price, indicating a good deal. EVs and other fuel-efficient sedans top the list for the third month, offering some of the best discounts available in a strong used car market.

Change in list price calculated as a model average of vehicle level price changes
fo
r nationwide listings as of 11
/15
/2020 compared to the prior month. Individual vehicle price changes may vary based on a variety of factors, including location, individual vehicle attributes
,
and dealer.

Best


De


als on Trade-I


n


Values


Popular used models with the biggest increase in list price compared with the average are highlighted below. A smaller drop or small gain in list price signifies that the vehicle is retaining its market value and could fetch a stronger trade-in value.

“Used vehicle values continue to climb in November, which is great news for consumers looking to trade in their vehicle for a new one,” said Woolard. “Values are currently up $1,790 or 8% in comparison to last November, when looking at the average used vehicle listed across the TrueCar marketplace.”

Change in list price calculated as a model average of vehicle level price changes
for nationwide listings as of 10/15
/2020 compared to the prior month. Individual vehicle list price changes may vary based on a variety of factors, including location, individual vehicle attributes
,
and dealer. Changes in used vehicle list prices are assumed to be correlated with corresponding changes in trade-in value, but this correlation between list prices and trade-in values may not exist for the identified models or may not be experienced to the same degree.

If you’re active duty military, a veteran, or a family member of one, visit TrueCar Military at truecar.com/military to learn about the TrueCar Military Appreciation Package.

Click here for additional media assets.

About TrueCar


TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car-buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) Email: [email protected]

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2cad174-27b4-4faa-8a20-46470ead5768

Largest
Orlando-based
SBA lender
continues
to help small businesses through innovative loan programs

ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) — Fountainhead, a nationwide, nonbank lender for small-to-mid-sized businesses today announces a major milestone: making the top 100 list for most active Small Business Administration (SBA) lenders in the country.

The Orlando-based lender helps companies grow via SBA 7(a), SBA 504, and low-LTV conventional loan programs, as well as loans via the Paycheck Protection Program (PPP). Fountainhead’s work on the PPP loan program, launched by SBA in March of 2020, has funded more than $767 million across 8,237 loans and has saved an estimated 120,000 American jobs.

Most recently, Fountainhead was approved to be one of SBA’s Preferred Lenders. This coveted spot in the Preferred Lending Program, awarded to a small percentage of lenders, grants designated underwriting for 7(a) loans, which shaves several business days off the approval and closing process. Fountainhead was also approved to participate in SBA’s Express Loan Program. Both milestones – making the top 100 and receiving PLP status – were achieved in Fountainhead’s first full government fiscal year providing 7(a) loans.

“Ever since we first started in 2015, the team has worked incredibly hard to help provide the smartest and fastest financing possible for small business owners,” said CEO and Founder Chris Hurn. “We’ve grown the company to become the largest SBA nonbank lender in the Southeast and the third largest SBA lender based in Florida through several different company initiatives, the PPP being the most recent. Our growth is exciting, but we won’t stray from our mission to support small businesses navigating the pandemic.”

Apart from its recent government honors, Fountainhead was also named to the Inc. 5000 list of America’s Fastest Growing Companies for the second year in a row, and one of Orlando Business Journal’s 2020 Best Places to Work for outstanding culture and financial industry leadership.

For more information on Fountainhead, or ways to grow your small-to-mid-sized business, visit FountainheadCC.com.

About Fountainhead


Fountainhead is a nationwide, nonbank, direct commercial lending firm that specializes in funding commercial real estate projects and providing growth financing for business owners utilizing SBA 7(a), SBA 504, conventional loans, and most recently, Paycheck Protection Program (PPP) loans. The company is one of 14 nonbank lenders approved by the U.S. Small Business Administration and the team has been involved in financing more than $24 billion in total projects over their careers, making them one of the most experienced teams in commercial lending to owners of small-to-midsized businesses. For more information please visit their website at FountainheadCC.com.

Media Contact

Abbey Lacaillade
Uproar PR for Fountainhead
[email protected]
(407) 547-9700

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce that it has received a provisional permit to proceed with the development of the Cap-Oeste gold/silver underground project (the “Project” or “Capo”). Development of the Project will focus on a high-grade portion of the current mineral resources, which lie under and peripheral to the depleted surface mine. The intention is to mine the Cap Oeste underground resource and truck the ore approximately 150 kms to the Martha plant where it will be processed to produce a concentrate.

The current mineral resource estimate for Cap Oeste is set out below.

Notes:

• The mineral resource estimate was prepared by Cube Consulting Pty Ltd with an effective date of December 31, 2018, in the technical report entitled “NI 43-101 Technical Report, Mineral Resource Estimate on the Cap Oeste Gold-Silver Project, Santa Cruz Province, Argentina” (the “Technical Report”). For additional information, including with respect to the key assumptions, parameters and methods used in respect of the mineral resource estimate, refer to the Technical Report, which is available on SEDAR.
• Cutoff used a 69.4:1 Au price to Ag price ratio
• “K” – thousands, “g/t” = grams per tonne
• Fomicruz has 5% ownership
• Rounding may affect sums and weighted averages
• Mineral resources that are not mineral reserves have not demonstrated economic viability

Mr. Christopher van Tienhoven, Chief Executive Officer, remarks, “The 2018 Capo mineral resource contains a higher-grade component of 478,000tonnes of indicated mineral resources, grading 12.6 g/t Au and 472 g/t Ag and containing 194,000 gold and 7.3 million silver ounces. This high-grade mineralization is hosted in a ‘Cose-style’ breccia setting, which we expect will form the basis for the potential underground project.” (Source: page 21 of the Technical Report). “At a 3 g/t Au equivalent cutoff grade, the high-grade mineralization contains over 190 thousand gold and 7.2 million silver ounces, attesting to its robustness even at much higher cutoff grades.”

Qualified Person’s Statement

Donald J. Birak, an independent geologist and Registered Member of SME and Fellow of AusIMM and the qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical content of this press release.

About Patagonia Gold

Patagonia Gold Corp. is a mining and development company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 365 properties in several provinces of Argentina and Chile and is one of the largest landholders in the Province of Santa Cruz, Argentina.

For more information, please contact:

Dean Stuart
T: 403 617 7609
E: [email protected] 

Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
E: [email protected]

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to,
statements with respect to
development of the Project and expectations regarding processing of material from the Project,
and the Company’s
future plans
and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered
carefully
and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.