Market Newsdesk

WASHINGTON, Nov. 17, 2020 /PRNewswire/ — The response by consumers and policymakers to rising COVID-19 case counts is likely to determine whether currently projected improvements to U.S. economic growth materialize, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the ESR group expects the virus’ resurgence to drag on consumer spending in coming months, absent spring-like behavioral shifts and lockdown measures, it expects that the further recovery of the domestic labor market and built-up household savings will likely be sufficient to drive continued real GDP growth, which is now forecast at 3.3 percent for full-year 2021, slightly below last month’s projection, and 3.0 percent for full-year 2022. Nearer-term projections, including the fourth quarter of 2020 and the first quarter of 2021, were revised modestly downward due in part to recent signs of modest, virus-related changes in consumer behavior. Although strict new lockdown or social distancing mandates remain the largest downside risk, the ESR Group notes that economic growth in coming quarters could substantially surpass the baseline forecast if, alternatively, such measures can be avoided and the development of a vaccine progresses swiftly.

After a sharp rebound in the third quarter, housing is expected to demonstrate continued strength through the rest of 2020 and into the new year. For the fourth quarter of 2020 and the first quarter of 2021, the ESR Group has upgraded its new and existing home sales forecasts – due to stronger-than-expected sales to date – as well as its mortgage origination forecasts for full-year 2020 and 2021. However, the ESR Group noted that the home sales pace may have peaked in September and expects a moderate slowdown to be underway. Pending sales and purchase mortgage applications have recently pulled back from highs as pent-up homebuyer demand from the spring continues to recede. A renewal of infection avoidance behavior among prospective homebuyers and home sellers could also adversely impact the forecast.

“The continued geographic shift and now resurgence of COVID-19 has raised risks to the pace of growth, though in our view not to the level of a potential second recessionary downturn,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “Households appear reasonably well-positioned to weather and cushion the slowdown, but if a strict broad-based lockdown were to be instituted and sustained, then the economy could turn down again. Meanwhile, the housing market continues to thrive in the low rate environment, particularly refinancing, but the sector is showing some early signs of slowing on the purchase side as the delayed seasonal effect works its way through the market.”

Visit the Economic & Strategic Research site at fanniemae.com to read the full November 2020 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary. To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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Opinions, analyses, estimates, forecasts, and other views of Fannie Mae’s Economic & Strategic Research (ESR) group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

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SOURCE Fannie Mae

NEW YORK, Nov. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for TSLA, FCEL, LXRX, SOLO, and OTLK.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

• TSLA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=TSLA&prnumber=111720201
• FCEL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=FCEL&prnumber=111720201
• LXRX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=LXRX&prnumber=111720201
• SOLO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SOLO&prnumber=111720201
• OTLK: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=OTLK&prnumber=111720201

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

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SOURCE InvestorsObserver

SANTA CLARA, Calif., Nov. 17, 2020 /PRNewswire/ — Marvell (NASDAQ: MRVL) today unveiled the industry’s first 112G 5nm SerDes solution that has been validated in hardware. The DSP-based SerDes boasts industry-leading performance, power and area, helping to propel 112G as the interconnect of choice for next generation 5G, enterprise, and cloud data center infrastructure. Marvell has recently secured a new custom ASIC design win customer that will embed this new IP to build next generation top-of-rack (ToR) and spine switches for leading hyperscale data centers around the world. The Marvell 5nm SerDes solution doubles the bandwidth of current systems based on 56G while enabling the deployment of 112G I/Os in many exciting new applications, including network and data center switching, network traffic management, machine learning training and inference, and application-specific accelerators.

Today’s news, which comes on the heels of the company’s announcement with TSMC of its 5nm portfolio, further strengthens Marvell’s leading data infrastructure offerings in the industry’s most advanced process geometry. The 112G 5nm SerDes solution is part of Marvell’s industry-leading IP portfolio that addresses the full spectrum of infrastructure requirements and includes processor subsystems, encryption engines, system-on-chip fabrics, chip-to-chip interconnects, and a variety of physical layer interfaces.

Marvell’s 112G 5nm SerDes offers breakthrough performance with the ability to operate at 112G PAM4 across channels with >40dB insertion loss, providing margin that is critical for high reliability infrastructure applications. The solution also delivers power reduction of more than 25% compared to 7nm, enabling systems with tight thermal/power constraints and helping to drive down total cost of ownership. The power reduction of Marvell’s high-speed SerDes enables scale up of bandwidth within acutely constrained 5G applications.

Marvell will offer a complete product suite of PHYs, switches, data processor units (DPUs), custom server processors, controllers, accelerators and custom ASICs in 5nm, delivering end-to-end interoperable infrastructure solutions. This interoperability between Marvell components will allow customers to significantly reduce their product development and validation cycle time, and time-to-market.

For Marvell’s ASIC customers, this IP further enhances the industry’s most comprehensive offering for leading-edge custom solutions. The Marvell ASIC business unit is engaged with customers across multiple markets looking to take advantage of this first-to-market proven silicon with differentiated power, performance, and area. These designs will lead the industry in bandwidth density.

“Our new 112G 5nm SerDes solution, with its industry-leading power, performance and area metrics is a true game changer and will help scale data infrastructure to meet growing interconnect requirements,” said Sandeep Bharathi, senior vice president of Central Engineering at Marvell. “System performance is typically limited by bandwidth and power in most infrastructure applications, and our new 112G solution in 5nm addresses this by doubling the bandwidth, while reducing the overall I/O power.”

“We are excited to bring this proven 112G SerDes to our custom ASIC partners looking for the highest throughput at the lowest power in the industry. Our customers in multiple markets have confirmed for us that this IP exceeds their system requirements for performance and power consumption,” said Kevin O’Buckley, vice president and general manager of the ASIC BU at Marvell. “Leveraging this 5nm SerDes IP across our Marvell platform allows our customers to build entire interoperable data center, wireless and wired networking systems using Marvell standard products, customized standard products and full custom ASIC solutions.”

“Marvell is clearly staking out a leadership position as the market rapidly transitions to 100G serial,” said Alan Weckel, founder and technology analyst of 650 Group. “We expect that 100G serial will be a foundational speed similar to 10G and 25G, and an important technology in enabling the evolution of data center architectures optimized for emerging workloads such as AI and machine learning. By bringing this 112G 5nm SerDes solution to the industry now, Marvell is accelerating the deployment of next generation infrastructure and raising the bar on performance capabilities across compute, networking and storage.”

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

For further information, contact:

Stacey Keegan

Vice President, Corporate Marketing
[email protected]

 

 

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SOURCE Marvell

PHOENIX, Nov. 17, 2020 /PRNewswire/ —

YTD Financial Highlights:

• YTD Revenue increased to $2,495,628
• YTD Gross profit increased 15%
• Q3 Reported Revenue of $1,025,129
• Reduced Debt by approximately $1.2 Million
• Operational Expenses Reduced by $2.8 Million

Operational Highlights:

• Direct Solar of America Signs Agreement with Soligent to Provide a first of its kind ‘Direct Pay’ model
• Completed first agreement to create a National Solar Installation Network with principal owner of Standard Eco to obtain multi-state installation entity
• Current maturities of convertible notes payable decreased by approx. $1.2M

SinglePoint, Inc. (OTC: SING) (“SinglePoint” or the “Company”) reports financial results for the three and nine months ended September 30, 2020. Over the course of the past two quarters the company has expanded coverage into 38 states and signed agreements with leading solar industry partners deepening its residential installation, equipment and financing offerings that position the company for continued revenue growth in 2021. Direct Solar of America is better prepared to withstand some of the impacts of a second shutdown due to the swift pivot to a mostly virtual sales platform earlier this year which allows us to reach residential customers who are looking for ways to make home improvements as the Work from Home trend continues. Previous state by state closures made growth more difficult. The company quickly adapted and established new processes that have proven to be more profitable and scalable setting up for a robust 2021, anticipating a return to a new normal

“The challenges presented by the events of 2020 have been felt across SinglePoint and our subsidiaries.  Our senior leadership at the corporate level and our subsidiaries have continued to adapt and we have focused efforts on fundamentally making decisive decisions designed to improve and enhance our current market positioning and to grow our core assets. We have negotiated with our primary lending partner which resulted in improvements to our balance sheet. In addition, we launched a new strategic initiative that we believe presents an opportunity to increase shareholder value. We expect that as we execute against these strategies, our market cap and share price will continue to improve as we look to become a dominant residential solar provider by leveraging and building a true national solar network focused on residential and small commercial projects”.

–Greg Lambrecht, Chairman and CEO of SinglePoint

About SinglePoint, Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services. Learn More at www.singlepoint.com

Connect on social media at:


https://www.facebook.com/SinglePointInc



https://twitter.com/_SinglePoint_



https://www.linkedin.com/company/singlepoint



https://www.youtube.com/user/SinglePointMobile


For more information visit: www.SinglePoint.com 

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication
SinglePoint Inc.
888-OTC-SING
[email protected]
www.singlepoint.com

 

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SOURCE SinglePoint Inc.

TORONTO, Nov. 17, 2020 /CNW/ – (TSX: CHP.UN) – Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Choice Properties of its intention to make a normal course issuer bid (“NCIB”).

The NCIB notice provides that Choice Properties may, during the 12-month period commencing November 19, 2020 and terminating November 18, 2021, purchase up to 25,846,904 of Choice Properties trust units (“Units”), representing approximately 10% of the public float of the Units, by way of a NCIB over the facilities of the TSX or through alternative trading systems. As of November 6, 2020, Choice Properties had 326,941,663 outstanding Units. Based on the average daily trading volume of 469,982 during the last six months, daily purchases will be limited to 117,495 Units, other than block purchase exceptions.

Purchases of Units will be made in open market transactions over the facilities of the TSX or through alternative trading systems. In addition, Choice Properties may enter into forward purchase or swap contracts in connection with Units which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates. Choice Properties may also purchase Units through private agreements or unit repurchase programs if it receives an issuer bid exemption order permitting it to make such purchases. Any purchases of Units made by way of private agreements or under unit repurchase programs may be at a discount to the prevailing market price as provided in the relevant issuer bid exemption order.

Decisions regarding the timing of future purchases of Units will be based on market conditions, Unit price and other factors. Choice Properties may elect to suspend or discontinue its NCIB at any time. Units purchased under the NCIB will be cancelled or used in connection with the Trust’s equity settled incentive plans. Choice Properties believes that the market price of Units could be such that their purchase may be an attractive and appropriate use of corporate funds. Choice Properties may also use its NCIB to acquire the number of Units that are issued pursuant to the exercise of options in order to offset the dilutive effect of options that have been exercised.  Pursuant to its previous NCIB, under which Choice Properties received approval from the TSX to purchase up to 25,856,839 Units for the period of November 19, 2019 to November 18, 2020, Choice Properties purchased 160,946 Units through open market purchases on the TSX and alternative trading systems at a weighted average price of $14.72.

From time to time, when Choice Properties does not possess material non-public information about itself or its securities, it may enter into a pre-defined plan with its broker to allow for the purchase of Units at times when Choice Properties ordinarily would not be active in the market due to its own internal trading blackout periods and insider trading rules. Any such plans entered into with Choice Properties’ broker will be adopted in accordance with the requirements of applicable Canadian securities laws.

About Choice Properties Real Estate Investment Trust

Choice Properties, Canada’s preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 725 properties totaling 66.1 million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity-based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline. Choice Properties’ strategic alliance with its principal tenant, Loblaw Companies Limited, the country’s leading retailer, is a key competitive advantage providing long-term growth opportunities. For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

SOURCE Choice Properties Real Estate Investment Trust

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ — WebSafety, Inc. ( www.websafety.com ) (OTCMarkets: WBSI) Today announced that it signed a Letter of Intent to acquire Veridetx, Inc.

The acquisition will be completed by the issuance of WebSafety stock and it is anticipated the closing will occur on or before December 15, 2020.

Rowland Day, CEO and Founder of WebSafety stated: “We are pleased to report that we have reached an agreement to acquire Veridetx Inc. Veridetx attracted our attention with its broad line of proprietary walk- through disinfecting booths. The booths take the temperature of anyone entering them; verify their identify; detect the presence or absence of a face mask; and, in seconds, kills germs clinging to their clothes or exposed areas with a food-grade, FDA compliant dry fog. The booths are being used internationally and will be introduced to the North American market later this year.”

About WebSafety

WebSafety is a software company that has created mobile apps for the Android and iOS mobile operating systems. The WebSafety app allows parents to monitor questionable and potentially harmful content or a direct predatory exchange that occurs on their child’s mobile device. The WebSafety app monitors downloaded apps, websites visited, social media, GPS tracking, allows curfew blocking, and provides real time notifications to the parent. The parent uses a real time dashboard on their desktop, laptop or mobile device to stay informed of their child’s activities.

The DriveSafety app disables the mobile device from texting and performing other related distractions while driving a vehicle. The DriveSafety app also supplies driving telematics to the driver or additional concerned parties in order to create a safer driving experience for those in the vehicle and for those on the highways and roads.

About Veridetx

Veridetx is a supplier of a line of proprietary disinfecting booths. The booths supply information such as identity, temperature, face mask verification, and provide a food grade FDA compliant mist within the booth that kills germs that may be on the person that walks through the booth.

For more information, please contact:
WebSafety, Inc.

Rowland W. Day II

Email: [email protected]

 

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SOURCE WebSafety, Inc.

SAN DIEGO, Nov. 17, 2020 /PRNewswire/ — Leading gaming accessory brand Turtle Beach (Nasdaq: HEAR) today announced that its Stealth 600 Gen 2 and Stealth 700 Gen 2 wireless gaming headsets for Xbox and PlayStation^® are the top-selling wireless console headsets in North America for the month of October according to NPD. Successors to the original best-selling Stealth models, Stealth 600 & 700 Gen 2 headsets hit retail shelves by September, with October representing the first full month of sales data for three of the four models, and Turtle Beach’s Stealth 600 & 700 Gen 2s for Xbox were the #1 and #2 selling console headsets in the month. Further, the Stealth 600 Gen 2 for Xbox debuted as the #1 wireless headset in its first month of availability, looking to continue the trend of its predecessor which was the overall top-selling wireless headsets in 2018, 2019, and YTD 2020¹. The Gen 2s offer console gamers the precision sound and unmatched comfort they desire, which is extremely important for supporting gamers’ undoubtedly long sessions on the just-launched Xbox Series X|S and PlayStation^®5.

“Stealth 600 & 700 Gen 2s continue to deliver wireless connectivity, impressive sound, and long-lasting comfort, and are perfect for experiencing immersive game audio on the latest Xbox and PlayStation consoles,” said Juergen Stark, CEO, Turtle Beach. “2020 continues to be a record-breaking year for both Turtle Beach and the video game industry. We’ve had the greatest year in our history, and the Stealth 600 & 700Gen 2s are clearly positioned to keep our record year going by quickly establishing themselves as great choices for gamers this holiday season.”

With the launch of the new consoles, game audio is as important now as ever before, and the Stealth 600 & 700 Gen 2 models deliver the premium gaming audio experience gamers expect in this new era of console gaming. The original Stealth 600 & 700 headsets succeeded because they offered high-quality game and chat audio and fantastic comfort at attractive prices. The Gen 2 models offer gamers a refined, premium build and sleeker look, plus cross-generation console compatibility with Xbox Series X|S and Xbox One, and PS5™ and PS4™. Coupled with immersive game sound, crystal-clear chat, all-day comfort, and Turtle Beach exclusive features like Superhuman Hearing^® and ProSpecs™ glasses-friendly tech; the Gen 2s are destined to continue the series’ run as best-selling wireless gaming headsets. Stealth 700 Gen 2 and Stealth 600 Gen 2 are available now at participating retailers worldwide for the same attractive MSRPs as their predecessors at $99.95 and $149.95, respectively.

For more information on Turtle Beach’s all new Stealth 600 &700 Gen 2 wireless gaming headsets as well as the latest Turtle Beach products and accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on Facebook, Twitter and Instagram.

About Turtle Beach Corporation

Turtle Beach Corporation (corp.turtlebeach.com) is one of the world’s leading gaming accessory providers. The Turtle Beach brand (www.turtlebeach.com) is known for pioneering first-to-market features and patented innovations in high-quality, comfort-driven headsets for all levels of gamer, making it a fan-favorite brand and the market leader in console gaming audio for the last decade. Turtle Beach’s ROCCAT brand (www.roccat.org) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products. Under the ROCCAT brand, Turtle Beach creates award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current belief, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to the Company’s liquidity, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, the outcome of our HyperSound strategic review process and other factors discussed in our public filings, including the risk factors included in  the Company’s most recent Quarterly Report on Form 10-Q, the Company’s most recent Annual Report on Form 10-K, and the Company’s other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

¹ Source: The NPD Group/Retail Tracking Service/Video Games/Dollars/US, Canada and Mexico/CY 2018, CY 2019, & Jan-Oct 2020

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SOURCE Turtle Beach Corporation

TROY, Mich., Nov. 17, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for $275,000,000 of the outstanding $450,000,000 aggregate principal amount of its 6-1/4% notes due 2024 (the “Notes”). The redemption date is Dec. 16, 2020 (“Redemption Date”), and the redemption price will be equal to 102.083% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, thereon up to but excluding the Redemption Date.

From and after the Redemption Date, the redeemed Notes will no longer be outstanding, and interest will cease to accrue thereon unless Meritor defaults in making the redemption payment.

The notice of redemption, containing information required by the indenture governing the redemption of the Notes, was sent to registered holders of the Notes today. Copies of the notice of redemption and additional information relating to the procedure for redemption of the Notes may be obtained from The Bank of New York Mellon Trust Company, N.A., as Trustee for the Notes, at:

The Bank of New York Mellon
Global Corporate Trust
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attn: Redemption Unit

In accordance with the instructions specified in the notice of redemption, the Notes are to be surrendered to The Bank of New York Mellon Trust Company, N.A., in exchange for payment of the redemption price. Payment of the redemption price is expected to be made on Dec. 16, 2020.

This announcement does not constitute an offer to buy or sell, or the solicitation of an offer to sell or buy, securities in any jurisdiction.

About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 7,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR.

Forward-Looking Statement

This release contains forward-looking statements relating to the redemption of the Notes and the company’s intended use of proceeds of the notes. Such statements are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipated,” “estimate,” “should,” “are likely to be,” “will” and similar expressions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the duration and severity of the COVID-19 pandemic and its effects on public health, the global economy, financial markets and operations; our reliance on major original equipment manufacturer (“OEM”) customers and possible negative outcomes from contract negotiations with our major customers, including failure to negotiate acceptable terms in contract renewal negotiations and our ability to obtain new customers; the outcome of actual and potential product liability, warranty and recall claims; our ability to successfully manage rapidly changing volumes in the commercial truck markets and work with our customers to manage demand expectations in view of rapid changes in production levels; global economic and market cycles and conditions; availability and sharply rising costs of raw materials, including steel, and our ability to manage or recover such costs; our ability to manage possible adverse effects on our European markets or our European operations, or financing arrangements related thereto following the United Kingdom’s decision to exit the European Union or in the event one or more other countries exit the European monetary union; risks inherent in operating abroad (including foreign currency exchange rates, restrictive government actions regarding trade, implications of foreign regulations relating to pensions and potential disruption of production and supply due to terrorist attacks or acts of aggression); risks related to our joint ventures; rising costs of pension benefits; the ability to achieve the expected benefits of strategic initiatives and restructuring actions; our ability to successfully integrate the products and technologies of Fabco Holdings, Inc., AA Gear Mfg., Inc., AxleTech and Transportation Power, Inc. and future results of such acquisitions, including their generation of revenue and their being accretive; the demand for commercial and specialty vehicles for which we supply products; whether our liquidity will be affected by declining vehicle productions in the future; OEM program delays; demand for and market acceptance of new and existing products; successful development and launch of new products; labor relations of our company, our suppliers and customers, including potential disruptions in supply of parts to our facilities or demand for our products due to work stoppages; the financial condition of our suppliers and customers, including potential bankruptcies; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of our debt; our ability to continue to comply with covenants in our financing agreements; our ability to access capital markets; credit ratings of our debt; the outcome of existing and any future legal proceedings, including any proceedings or related liabilities with respect to environmental, asbestos-related, or other matters; possible changes in accounting rules; and other substantial costs, risks and uncertainties, including but not limited to those detailed under the heading entitled “Risk Factors” in Part I, Item 1A of the company’s Annual Report on Form 10-K for the year ended September 30, 2020 and from time to time in other filings of the company with the SEC.  The forward-looking statements in this release speak only as of the date hereof, and the company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE Meritor, Inc.

VANCOUVER, BC, Nov. 17, 2020 /PRNewswire/ – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the appointment of Stephen Lines as Vice President, Environment and Community Relations, effective December 1, 2020.  Mr. Lines will be responsible for leading the environmental, permitting and community relations efforts at First Mining. 

Steve has over 19 years of professional practice in environmental assessment, permitting, Indigenous and community affairs on major mining projects. He was a key member of the Greenstone Gold Mines team and was instrumental in leading the successful federal and provincial Environmental Assessment processes for the Hardrock Gold Project in northwestern Ontario. Prior to joining Greenstone Gold Mines, Steve worked for De Beers where he held progressively responsible positions in developing and implementing strategies for the approval of the Gahcho Kué Diamond Mine. Steve has a strong understanding of permitting processes and consultation requirements for mining projects having held positions as a regulator for environmental assessments and water management licensing. Steve completed both an undergraduate degree in Ecology and post-graduate diploma in Environmental Impact Assessment at Concordia University, and completed an M.Sc. in Environmental Impact Assessment at the University of Calgary.

Daniel W. Wilton, First Mining’s CEO, stated, “I am delighted to welcome Steve to the management team at First Mining. His background, experience and exceptional track record of successfully permitting a similar large scale project in Ontario will help us de-risk our Springpole Gold Project and facilitate a comprehensive engagement with our Indigenous and local communities of interest throughout the EA process.”

About First Mining Gold Corp. 

First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada. A Pre-Feasibility Study is underway, with completion targeted in early 2021, and permitting is on-going with submission of the Environmental Impact Statement targeted for 2021. The Company also holds a large equity position in Treasury Metals Inc. who are advancing the Goliath-Goldlund gold projects towards construction. First Mining’s portfolio of gold projects in eastern Canada also includes the Pickle Crow (being advanced in partnership with Auteco Minerals Ltd.), Cameron, Hope Brook, Duparquet, Duquesne, and Pitt gold projects.

First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. 

ON BEHALF OF FIRST MINING GOLD CORP.

Daniel W. Wilton

Chief Executive Officer and Director

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “intends”, “estimates”, “envisages”, “potential”, “possible”, “strategy”, “goals”, “objectives”, or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i)
timing for the completion of a Pre-Feasibility Study for Springpole; (ii) timing for the submission of an Environmental Impact Statement for Springpole; (iii) the Company’s focus on advancing its assets towards production;
and (iv) realizing the value of the Company’s gold projects for the Company’s shareholders. All forward-looking statements are based on First Mining’s or its consultants’ current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation the Company’s business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company’s mineral properties as well as its head office;
 fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company’s Annual Information Form for the year ended December 31, 2019 filed with the Canadian securities regulatory authorities under the Company’s SEDAR profile at www.sedar.com, and in the Company’s Annual Report on Form 40-F filed with the SEC on EDGAR.

First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.

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SOURCE First Mining Gold Corp.

NEW YORK, Nov. 17, 2020 /PRNewswire/ — Relmada Therapeutics, Inc. (Nasdaq: RLMD), a clinical-stage company developing novel therapies for the treatment of central nervous system (CNS) diseases, today announced that Sergio Traversa, Chief Executive Officer of Relmada, will participate in the following upcoming virtual investor conferences:

Jefferies London Healthcare Conference

Date: Thursday, November 19, 2020
Time: 10:50 AM EST/3:50 PM GMT
Webcast: A live webcast of the fireside chat will be available by visiting the “Investors” section of the company’s website: www.relmada.com.  A replay of the webcast will be available for 90 days following the conclusion of the live presentation broadcast.

Piper Sandler 32^nd Annual Healthcare Conference

Management will participate in a fireside chat, which will be accessible beginning on November 23, 2020, via the “Investors” section of the company’s website: www.relmada.com. The link will remain active for 90 days thereafter.

About Relmada Therapeutics, Inc. 

Relmada Therapeutics is a late-stage pharmaceutical company addressing diseases of the central nervous system (CNS), with a focus on major depressive disorder (MDD). Our experienced and dedicated team is committed to making a difference in the lives of patients and their families. Relmada’ s lead program, REL-1017, is a novel NMDA receptor (NMDAR) channel blocker that preferentially targets hyperactive channels while maintaining physiological glutamatergic neurotransmission, and is entering late-stage studies as an adjunctive treatment for MDD in adults.

Investor Contact: 
Tim McCarthy 
LifeSci Advisors 
212-915-2564 
[email protected]

Media Inquiries: 
FischTank PR
[email protected]

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SOURCE Relmada Therapeutics, Inc.