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ADM Endeavors, Inc. (ADMQ) Announces Shareholder Rewards Program

Fort Worth, TX, Nov. 24, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — ADM Endeavors, Inc. (OTCQB: ADMQ) is pleased to announce that it is rewarding its shareholders because of their strong commitment to the Company.  ADMQ is offering a 25 percent discount to shareholders of record each quarter for products on its website, www.JustRightProducts.com, where shareholders will find tens of thousands of unique products ranging business cards to coffee cups, from incredible wearables to health and fitness products.

The discount will be applied to a single order each quarter to shareholders of record.  Information about the program, including restrictions, is available at:  https://admendeavors.com/reward-program/.

ABOUT ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has operated a diverse vertical integrated business in the Dallas/Fort Worth area, which consists of a retail sales division, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms. The Retail Sales Division focuses on any product with a logo. It sells a very wide range of products from business cards to coffee cups. Our motto is “We Sell Anything With A Logo!” Just Right Products’ salespeople excel because they are selling the items people like to buy. The Screen Printing Department utilizes its five screen printing machines to print garments and can produce more than 8,000 units per day. The Embroidery equipment has 51 heads of embroidery capacity. The Digital Department and all the other departments have significant growth potential. The Import Department sources products for retail and wholesale customers. ADM Endeavors has employees fluent in Chinese, Spanish and Arabic thereby affording significant opportunities to interact directly with multiple product sources internationally. The Uniform Division sells uniforms to businesses and schools, with the advantage of in-house production and international sourcing.

Forward Looking Statement:

This press release contains certain “forward-looking statements,” as defined in the United States PSLRA of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: ADM Endeavors, Inc.

Paul Knopick

[email protected]

940.262.3584



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Telesat to Become Public Company through Agreement with Loral Space & Communications and PSP Investments

Telesat to remain Canadian controlled, will become a publicly listed company on Nasdaq, and is considering listing on a Canadian stock exchange.

OTTAWA, Nov. 24, 2020 (GLOBE NEWSWIRE) — Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.  The shares of Telesat will be listed on the Nasdaq Global Select Market at the closing of the transaction, the market on which Loral is currently listed, and Telesat is also considering a listing on a Canadian stock exchange in connection with the closing of the transaction in 2021. Telesat Corporation will be headquartered in Ottawa and led by Telesat Canada’s Chief Executive Officer Daniel S. Goldberg. Telesat’s voting and governance provisions will ensure that the company is and remains Canadian-controlled.

This transaction allows public market investors, including Loral’s stockholders, to own Telesat directly, and, moreover, provides Telesat access to the public equity markets to support its compelling growth initiatives, including its revolutionary, highly advanced low Earth orbit (LEO) satellite constellation. Telesat’s state-of-the-art LEO network will enable affordable, reliable, high-speed broadband connectivity everywhere on Earth, positioning Telesat to be a leader in this high growth industry.

“Today’s announcement rationalizes our corporate structure and is another important step in our efforts to execute our exciting growth strategy, deliver the most competitive and innovative services to our customers, and create value for our shareholders and other key stakeholders,” said Dan Goldberg, Telesat’s President and CEO. “Following the closing of the transaction, Telesat will have access to the public equity markets, providing increased flexibility and optionality to support our promising investment opportunities, including Telesat LEO, which will bridge the digital divide both at home in Canada and around the world, and give our customers the competitive advantage they need to be successful. We look forward to engaging with our expanded shareholder base as we implement our growth plans with a focus on generating strong equity returns.”

The transaction is expected to close in the second or third quarter of 2021, subject to the receipt of required regulatory approvals, the approval of Loral’s stockholders (including a majority of Loral’s stockholders not affiliated with MHR Fund Management, PSP Investments or other transaction participants) and other customary conditions.

Additional information with respect to the transaction will be available in filings made with the U.S. Securities and Exchange Commission by Telesat Canada and Loral.  Loral stockholders can obtain that information at www.sec.gov.

In connection with the transaction, Wachtell, Lipton, Rosen & Katz and Stikeman Elliott LLP acted as legal counsel to Telesat, and Goldman Sachs & Co. LLC and BMO Capital Markets acted as financial advisors to Telesat.

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat has grown to be one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive growth. Telesat LEO, our Low Earth Orbit network, will revolutionize global broadband connectivity by delivering a combination of high capacity, security, resiliency and affordability with ultra-low latency and fiber-like speeds.

Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit https://www.telesat.com.

Media contact:                              

KWT Global for Telesat
[email protected]

Investor Relations:

Michael Bolitho
[email protected]

Cautionary Statement Regarding Forward-Looking Information

This new release contains statements that are not based on historical fact and are “forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995.  When used herein, statements which are not historical in nature, or which contain the words “will,” “expected,” “plans,” “considering,” or similar expressions, are forward-looking statements.  Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties.

These forward-looking statements are based on Telesat’s current expectations and are subject to a number of risks, uncertainties and assumptions.  These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.  Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; the impact of COVID-19 on Telesat’s business and the economic environment; the ability to deploy successfully an advanced global Low Earth Orbit (“LEO”) satellite constellation, and the timing of any such deployment; the availability of government and/or other funding for the LEO satellite constellation; the receipt of proceeds in relation to the re-allocation of C-band spectrum; volatility in exchange rates; the ability to expand Telesat’s existing satellite utilization; risks associated with domestic and foreign government regulation; the ability to obtain regulatory approvals and Loral’s ability to obtain the stockholder approval required to consummate the transaction and the timing of such approvals and the closing of the transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all; the ability to complete the transaction on the expected terms and timing or at all; the outcome of any legal proceedings that may be instituted against Telesat, the other parties and others related to the transaction; unanticipated difficulties or expenditures relating to the transaction; the risk that expected benefits and growth prospects of the transaction may not be achieved in a timely manner or at all; the risk that disruption from the transaction may adversely affect Telesat’s business and its relationships with customers, suppliers or employees; and risks relating to the value of the shares of Telesat Corporation and limited partnership units of Telesat Partnership to be issued in connection with the transaction.  The foregoing list of important factors is not exhaustive.

Telesat believes these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations.  Furthermore, forward-looking statements speak only as of the date they are made.  Additional risks are detailed in Telesat’s Annual Report on Form 20-F for the fiscal year ended December 31, 2019, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2020, including, without limitation, those described under “Risk factors,” as updated by any Current Reports on Form 6-K and future filings with the SEC.  Except as may be required by applicable law, Telesat does not undertake any obligation to update or revise these forward-looking statements to reflect future events or circumstances.

Important Additional Information and Where to Find It

In connection with the transaction, Telesat Corporation and Telesat Partnership will file with the SEC a registration statement on Form F-4 that will contain a prospectus relating to the issuance of the shares of Telesat Corporation and limited partnership units of Telesat Partnership in connection with the transaction.  The registration statement will also include a proxy statement of Loral which will be sent to the stockholders of Loral in connection with the transaction.  Telesat Corporation and Telesat Partnership will also file a Canadian prospectus with the requisite Canadian securities authorities in connection with the transaction.  INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE RELATED PROXY STATEMENT/PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TELESAT, TELESAT CORPORATION, TELESAT PARTNERSHIP, LORAL AND THE PROPOSED TRANSACTION. 

Investors and security holders may obtain copies of these documents when they become available free of charge through the website maintained by the SEC at www.sec.gov and, for those documents filed with Canadian securities regulations, at the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, or from Telesat at its website, https://www.telesat.com/investor-relations/ or from Loral at its website, www.loral.com, under the heading Investors.  Documents filed with the SEC by Telesat will be available free of charge by accessing Telesat’s website at www.telesat.com, under the heading Investors, or, alternatively, by directing a request by telephone or mail to Telesat at Investor Relations, 160 Elgin Street, Suite 2100, Ottawa, Ontario, Canada K2P 2P7, and documents filed with the SEC by Loral will be available free of charge by accessing Loral’s website at www.loral.com under the heading Investors or, alternatively, by directing a request by telephone or mail to Loral at Investor Relations, Loral Space & Communications Inc., 600 Fifth Avenue, New York, New York 10020.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Participants in the Solicitation

Telesat and Loral and certain of their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Loral in respect of the proposed transaction under the rules of the SEC.  Information about Loral’s directors and executive officers is available in Loral’s Annual Report on Form 10-K, as filed with the SEC on March 12, 2020, as amended on March 26, 2020 and certain of its Current Reports on Form 8-K.  Information about Telesat’s directors and executive officers is available in Telesat’s Annual Report on Form 20-F, filed with the SEC on February 27, 2020.  Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the transaction when they become available.  Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions.  You may obtain free copies of these documents from Loral or Telesat using the sources indicated above.



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OMNIQ’s AI-Based SeeControl™ Vehicle Recognition Systems (VRS) Software Receives Certification for PlateTech 5.x and Higher Versions of SKIDATA Parking Solutions

  • SKIDATA has over 10,000
    installations that provide
    secure and reliable access and entry control for people and vehicles   
  • The certification enables
    integration of
    OMNIQ’s neural-network-based VRS solutions into the SKIDATA
    PARCS
    platform

SALT LAKE CITY, Nov. 24, 2020 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company’s machine vision application software for vehicle recognition (VRS) and license plate recognition (LPR) has been certified to work with SKIDATA’s PlateTech.Logic LPR application programming interface (version 5.x and higher). The certification allows OMNIQ’s VRS and LPR hardware and software to be integrated into SKIDATA parking and revenue control solutions (PARCS) that use the PlateTech.Logic LPR platform.

Headquartered in Austria, SKIDATA AG is a global leader in developing and providing technology for access control and visitor management solutions. It has over 10,000 systems installed in major airports, cities, ski resorts, shopping centers, sport stadiums, amusement parks, trade fairs and events, allowing fast and secure access for people and vehicles. SKIDATA’s parking solution provides technology for smart, automated, stress-free and more profitable parking operations. The complete solution offers standard as well as customer-specific access systems, control and monitoring, report management, and other features.

OMNIQ’s SeeControl™️ vehicle recognition solution, powered by OMNIQ’s proprietary AI-based, deep-learning neural network algorithm (“SeeNN™️”), has been certified for PlateTech.Logic, SKIDATA’s LPR software platform. SeeNN algorithms imitate the human brain in pattern recognition and decision-making, and are capable of the highest level of performance for machine data detection analytics. With this certification, SeeControl VRS software, which transforms vehicle and license plate data into valuable real-time information for quick and effective decision-making, alerts and activity reporting, can now be further integrated into the latest versions of SKIDATA’s PARCS solution.

“We are proud to have our VRS software application certified for SKIDATA’s LPR platform,” said Shai Lustgarten, CEO of OMNIQ. “This enables us to integrate our hardware and software offerings into SKIDATA’s parking solution. Over the years, we have already established a mutually beneficial partnership with SKIDATA in implementing PARCS with LPR solutions at Dallas Fort Worth, Sacramento, Dallas Love Field, New Orleans and Detroit airports, among others, and we are very pleased to continue our collaboration for future projects.”

About OMNIQ Corp.

OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.

OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, visit www.omniq.com.

Information about Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis , the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Investor Contact:

888-309-9994
[email protected] 

 



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Health Canada Clears Appili Therapeutics for New Phase 3 Clinical Trial to Evaluate Avigan Tablets (Favipiravir) in the Prevention of COVID-19 in Exposed Individuals in the Community

Health Canada Clears Appili Therapeutics for New Phase 3 Clinical Trial to Evaluate Avigan Tablets (Favipiravir) in the Prevention of COVID-19 in Exposed Individuals in the Community

Company signs agreement with CRO and files Phase 3 clinical trial protocol with U.S. FDA in advance of anticipated study initiation in the U.S.

Double-blind, randomized, placebo-controlled study will include approximately 1,156 participants in the U.S. and Canada; Appili expects enrollment to begin early 2021

The ability to prevent outbreaks in the community setting with an antiviral oral tablet would provide substantial benefits over other approaches currently under study

HALIFAX, Nova Scotia–(BUSINESS WIRE)–
Appili Therapeutics Inc. (TSX: APLI; OTCQX: APLIF) (the “Company” or “Appili”), a biopharmaceutical company focused on anti-infective drug development, today announced initiation of its Phase 3 Post Exposure Prophylaxis for COVID-19 (PEPCO) study to evaluate Avigan® tablets (favipiravir) in the prevention of COVID-19. Health Canada has provided a ‘No Objection Letter (NOL)’ for Appili’s proposed study; the U.S. FDA accepted a submission of a protocol amendment to conduct the trial in the United States.

“Addressing infections and spread early in the community setting remains a particular unmet need for COVID-19, and that is the cornerstone of our clinical strategy,” said Dr. Armand Balboni, Chief Executive Officer, Appili Therapeutics. “Since Avigan comes in a pill form, it allows for easier administration than other approaches, which usually require injections or intravenous administration, and also enables patients to receive it early after exposure.”

The primary objective of the PEPCO study is to determine if the use of Avigan is safe and effective in preventing COVID 19 among vulnerable individuals who have had recent direct exposure to a confirmed COVID-19-infected person. Appili has contracted with CATO Research LLC, a third-party clinical research organization, to administer the trial in Canada and the United States. Appili expects to initiate enrollment and dosing before the end of 2020.

This is the second Phase 3 study Appili has announced to evaluate the utility of Avigan tablets against COVID-19 in the community setting. The other study, also known as the PRESECO study, is evaluating Avigan for the treatment of adults with mild-to-moderate symptoms of COVID-19. PRESECO’s objective is to determine if Avigan is safe and effective in shortening the time to clinical recovery, preventing progression to severe disease, and diminishing the period of infectiousness. In addition to the PEPCO and PRESECO studies, Appili is sponsoring a Phase 2 CONTROL study evaluating the use of Avigan to control outbreaks of COVID-19 in Canadian long-term care facilities, where the burden of severe disease and death is unusually high.

“Our clinical strategy focuses on determining when, and who, may benefit most from using Avigan to treat and prevent outbreaks of COVID-19. The PEPCO study aims at providing early intervention to those most vulnerable to severe infections, with the aim of controlling outbreaks in homes and outpatient facilities,” said Dr. Yoav Golan, Chief Medical Officer, Appili Therapeutics. “We look forward to continuing to work with our partners to advance this important study.”

About the PEPCO Study

PEPCO is a double-blinded, placebo-controlled, randomized, multinational, Phase 3 clinical trial that will enroll approximately 1,156 participants through 47 medical centers (“sites”). Site investigators will oversee participant enrollment, intervention, and follow-up during the course of the study. Participants will be outpatients residing in assisted living facilities or their own private residences.

Researchers will be evaluating the safety and efficacy of Avigan in preventing the development of COVID-19 when given to asymptomatic individuals who had direct exposure (within 72 hours) to an infected person. Inclusion criteria focuses on vulnerable individuals who are at high risk of developing severe complications of COVID-19, including:

  • individuals 60 years of age or older regardless of having underlying comorbidities, or
  • individuals who are 18 years of age or older who have at least one significant underlying condition.

The PEPCO (preventative) and PRESECO (treatment) trials are designed to give researchers the option to accelerate enrollment by coordinating with infected individuals and those they may have exposed, wherein those who test positive for COVID-19 are enrolled into the PRESECO trial, and consenting associates with whom they’ve been in contact may be enrolled in the PEPCO study. The PEPCO and PRESECO studies will be part of the dataset for the recently announced consortium to develop and distribute Avigan® tablets globally in COVID-19 indications. As part of that agreement, Appili is focused initially on clinical development in the United States and Canada. Appili may expand these trials into other countries severely affected by COVID, including those in Central and South America and the European Union.

About Avigan® (Favipiravir)

Avigan® is a broad-spectrum antiviral in oral tablet form developed by FUJIFILM Toyama Chemical Co., Ltd. (FFTC) and approved in Japan as a treatment and stockpile countermeasure for pandemic influenza. Following promising clinical studies, Russia and India recently approved favipiravir-based antiviral medications for the emergency treatment of COVID-19.iii FFTC recently announced positive Phase 3 data in the use of Avigan in hospitalized COVID-19 patients.

Unlike most other interventions that researchers are evaluating in COVID-19, Avigan has already been thoroughly studied in human trials and has a known safety profile, with over 3,000 subjects receiving at least one dose of the drug. There is also an established manufacturing process in place that can be used to ramp up supply, should the drug receive regulatory approvals in additional indications. Avigan’s oral tablet form is shelf-stable and may provide advantages in the community setting over other COVID-19 interventions, which often require temperature-controlled storage and/or injection or intravenous administration.

Appili has joined a consortium of companies, including Dr. Reddy’s Labs, Global Response Aid, and FFTC, for the worldwide development and distribution of Avigan tablets for the potential treatment and prevention of COVID-19 (excluding Japan, China, and Russia.) The purpose of this consortium is to ensure that Avigan is thoroughly evaluated in rigorous clinical studies and, if it receives the proper regulatory approvals, has the infrastructure in place to support worldwide distribution.

About Appili Therapeutics

Appili Therapeutics is an infectious disease biopharmaceutical company that is purposefully built, portfolio-driven, and people-focused in fulfilling its mission of solving life-threatening infections. By systematically identifying urgent infections with unmet needs, Appili’s goal is to strategically develop a pipeline of novel therapies to prevent deaths and improve lives. As part of a global consortium, Appili is sponsoring late-stage clinical trials evaluating the antiviral Avigan (favipiravir) for the worldwide treatment and prevention of COVID-19. In addition, Appili is advancing a diverse range of anti-infectives, including a broad-spectrum antifungal, a vaccine candidate to eliminate a serious biological weapon threat, and two novel antibiotic programs. Led by a proven management team, Appili is at the epicenter of the global fight against infection. For more information, visit www.AppiliTherapeutics.com.

Forward looking statements

This news release contains “forward-looking statements,” which reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities, including statements with respect to: the design, scope, parameters and timeline of the proposed Avigan® (favipiravir) clinical trials and the likelihood that such clinical trials will be initiated or consummated on the terms and timeline provided herein or at all; the potential use of Avigan® (favipiravir) for the treatment of COVID-19 (including as an early treatment of COVID-19 to control disease progression and limit virus spread); and the development, manufacturing and commercialization plans with respect to Avigan® (favipiravir). Wherever possible, words such as “may,” “would,” “could, “ “should,” “will,” “anticipate,” “believe,” “plan,” “expect,” “intend,” “estimate,” “potential for” and similar expressions have been used to identify these forward-looking statements. Forward looking statements contained in this press release are provided in reliance on certain assumptions, including with respect to: securing all requisite required approvals and funding for the applicable clinical trials; finalizing mutually acceptable clinical trial agreement and related agreements with the applicable clinical research organizations relating to the applicable clinical trials; site and patient enrolment; other expectations and assumptions concerning the proposed clinical trials (including with respect to potential outcomes and benefits); and the ability of the parties to successfully develop, manufacture and commercialize favipiravir for the treatment of COVID-19 following successful completion of the requisite clinical trials and receipt of all requisite regulatory and other approvals. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company cannot give assurance that these expectations will prove to have been correct.

Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, economic, competitive, political and social uncertainties; known and unknown risks and liabilities relating to the ongoing COVID-19 pandemic; risks relating to the inability of Appili to initiate or complete all requisite clinical trials (including risks relating to the outcome thereof) and to secure all required funding and approvals relating thereto; risks relating to the development, manufacturing and commercialization of Avigan® (favipiravir) in Canada, the U.S and other jurisdictions; unforeseen events, developments, or factors causing any of the aforesaid expectations and assumptions not to be correct; and the other risk factors listed in the annual information form of the Company dated June 24, 2020 and the other filings made by the Company with the Canadian securities’ regulatory authorities (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Company is not making any express or implied claims that it has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 coronavirus) at this time.

___________________________________________________

iRDIF and ChemRar announce first interim results of clinical trials of Favipiravir drug’s effectiveness in coronavirus therapy

iiGlenmark Becomes the First Pharmaceutical Company in India to Receive Regulatory Approval for Oral Antiviral Favipiravir, for the Treatment of Mild to Moderate COVID-19

Media Contacts

Canadian Media

Chantal Allan

Sam Brown Inc.

T: 613-319-4384 (CAN)

T: 805-242-3080 (U.S.)

E: [email protected]

US/Trade Media

Andrea Cohen

Sam Brown Inc.

T: 917-209-7163

E: [email protected]

Investor Relations Contact

Kimberly Stephens, CFO

Appili Therapeutics Inc.

TSX: APLI

E: [email protected]

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: FDA Health Infectious Diseases Clinical Trials Pharmaceutical Biotechnology

MEDIA:

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United States Government Awards Gilat Additional Multi-Million-Dollar Contract for Military Communications Program

Wavestream Ships 5,000th high-power 50W Ka-band block upconverter to military communications program

PETAH TIKVA, Israel, Nov. 24, 2020 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its subsidiary Wavestream received a multi-million-dollar order from the United States Government for a military communication program contract. With this award, Wavestream achieves an industry record shipment milestone by surpassing 5,000 units of its high-power 50W Ka-band military Block Upconverter (BUC) to be delivered to this military program.

“Wavestream is honored to be the vendor of choice for the US government military communication program and to be reliably supplying its high-power 50W Ka-band BUC for over 14 years. This product is the most widely deployed solid state amplifier built at this power level,” said Bob Huffman, Wavestream’s General Manager. “With this order we have surpassed shipment of 5,000 units, a testament to Wavestream’s unmatched production capacity and product longevity of military-grade high-power Ka-Band SSPA/BUCs.”

About Wavestream
Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:

Gilat Satellite Networks
Doreet Oren, Director Corporate Communications
[email protected]

GK Investor and Public Relations
Ehud Helft, Managing Partner
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/167b6be2-4ec2-4a53-a735-2d33095e2ab2



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Emerging Markets Report: A Cleaner World

An Emerging Markets News Commentary

ORLANDO, Fla., Nov. 24, 2020 (GLOBE NEWSWIRE) — We are watching intently, reading, listening to the smartest minds out there… doing anything and everything… to figure out what will forever be changed by the pandemic and also what opportunities will be created for us.

And we believe we’ve identified a few important, critical trends.

We’ve previously discussed how we think e-health and remote visits will forever be the way that some health care is rendered. It just makes so much sense and it’s very convenient for all parties. It’s also clear that mighty Amazon will be a first option for many items that you would previously go to the store for.

But are masks and Personal Protective Equipment (PPE) also the way of the new normal? Will masks and PPE be a part of how we deal with flu epidemics, pollution, pollen, even just the flu season, as we go forward?

And is sanitization in the home, on planes, trains, buses, subways, schools, office buildings, and well, just about everywhere, also the new standard?

Will a mask be as normal a procedure as putting on a jacket when it’s cold out? Will a nightly sanitization and disinfectant process at the grocery store be par for the course now?

Renavotio, Inc. (
OTCQB:
RIII)
, a company that focuses on three unique infrastructure opportunities, including medical protective equipment, utility construction, and utility management, appears to think so, having recently entered into a Stock Purchase Agreement with Tritanium Labs.

Before we dive into Tritanium, let’s introduce Renavotio further, a public company which focuses on infrastructure opportunities, including medical protective equipment, 5G, utility construction, utility management, IoT, water, waste management technology, and related industries. The Company’s business and acquisition strategy concentrates on medical protective equipment and infrastructure. It engages in utility construction and consulting/operational agreements with small towns or county CO-OPS that operate their own water and sewer systems, providing long-term savings for these municipalities, utilizing smart-utility monitoring, and dedicated engineering and service personnel.

Renavotio’s acquisition of Tritanium provides the Company with a diversified product line to develop a cleaner world. Tritanium’s subsidiaries consist of Tritanium Labs, a manufacturer and distributor of the TriCleanz, TruCleanz, and TruSafe brands of sanitizers, disinfectants, sanitizing wipes, and personal protective equipment (PPE). The TriCleanz brand of hand sanitizer is currently available at over 100 Costco Warehouse Clubs and the TruCleanz and TruSafe brands are available at various retailers and sold directly to schools, municipalities, and commercial customers. Since April 2020, Tritanium Labs has sold over 500,000 units of hand sanitizers under the TriCleanz and TruCleanz brands and is currently producing hand sanitizers in 128, 16, 10, and 4-ounce sizes. We love that Tritanium has already sold into big box juggernauts like Costco and to schools and municipalities.

In 2018, Tritanium Labs developed the Tritanium Traceability Blockchain technologies that enable food producers to provide end to end traceability for the ingredients they use and the products they produce. These technologies put Tritanium Labs ahead of the curve in allowing food producer to comply with the FDA’s Food Safety Modernization Act (FSMA) which mandates full traceability by 2024.

Renavotio is excited to be nearing completion of its business transformation by building out its three operating divisions: Utility Management & Construction, Infrastructure, and Personal Protective Equipment (PPE) & Medical Manufacturing. The Company strives to develop growth and shareholder value in the coming quarters through its re-branding and new focus.

About
The Emerging Markets Report
:

The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

For more informative reports such as this, please sign up at http://www.emergingmarketsllc.com/newsletter.php

Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.

We may purchase Securities of the Profiled Company prior to their securities becoming publicly traded, which we may later sell publicly before, during or after our dissemination of the Information, and make profits therefrom. EMC does not verify or endorse any medical claims for any of its client companies.

EMC has been paid 100,000 restricted shares and $10,000 dollars by Renavotio, Inc. for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial.

http://emergingmarketsllc.com/disclaimer.php

Emerging Markets Consulting, LLC 
Florida Office
390 North Orange Avenue Suite 2300
Orlando, FL 32801
E-mail: [email protected]
Web: www.emergingmarketsllc.com 

 



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XCMG launches X-GSS at Bauma China 2020, shows how to go digital in machinery manufacturing

PR Newswire

  • X-GSS manages spare parts inquiries through data sharing; it tailors a solution for all equipment that guarantees accurate, comprehensive and timely spare parts support.
  • X-GSS provides a personalized user experience – multiple query methods, presentation modes, six languages and universal operation.
  • X-GSS makes service operation more intelligent with real-time tracking, visible control of the construction process; the digital twin of service models and smarter maintenance.

SHANGHAI, Nov. 24, 2020 /PRNewswire/ — XCMG (000425.SZ), has launched the XCMG-Global Service System (X-GSS) on the opening day of Bauma China 2020 in Shanghai. 

To improve spare parts services, XCMG has developed the full life-cycle service information system to provide accurate, value-added and satisfactory maintenance support for global customers.

X-GSS is a crucial digital product as XCMG makes the jump from factory to market, after years of integrated R&D, manufacturing and service operation. It makes full use of the product data collected through IoT. It optimizes the presentation with AR technology to give customers and service personnel an intuitive and visual digital service experience.

“The construction machinery industry has been presented with new challenges and opportunities since the onset of the digital age. To better serve our customers and embrace these changes, XCMG looked to develop a ‘digital service’ providing more value to global customers,” said Wang Min, Chairman of XCMG. 

The system integrates market service data of maintenance reporting, equipment operation and spare parts replacement to improve the company’s operational service capabilities. By converging with IoT, the system is also able to monitor and guide the service personnel.

With more than 77 years years and more than 30 in digitization, the company reached a breakthrough with the launch of X-GSS:

  • Achieves high-efficiency, high-quality and rapid creation of digital service information, and bilateral collaboration in digital R&D;
  • Performs coordinated management of digital service information based on the product’s full life cycle;
  • Aids interaction of spare parts service and maintenance support among dealers, customers, service and technical personnel.

Nearly 150,000 XCMG machinery products currently have related digital products ensuring accurate and prompt maintenance services.

On the opening day of Bauma China 2020, XCMG released the first 5G intelligent cabin for road machinery, which enables operators to gain real-time information through VR glasses and demonstrated the remote operation of a road roller in Xuzhou, Jiangsu Province. 

As the world’s first company to apply driverless cluster construction technology, XCMG also unveiled a self-driving road roller driving efficiency, cost, quality, safety, operation and supervision improvements in the industry.

About XCMG

XCMG is a multinational heavy machinery manufacturing company that has been operational for 77 years. It currently ranks fourth in the world’s construction machinery industry and exports to more than 187 countries around the world.

For more information, please visit http://www.xcmg.com/en-us/ , or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/xcmg-launches-x-gss-at-bauma-china-2020-shows-how-to-go-digital-in-machinery-manufacturing-301179450.html

SOURCE XCMG

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Rush Street Interactive Announces Third Quarter 2020 Results and Raises Full Year Guidance

Rush Street Interactive Announces Third Quarter 2020 Results and Raises Full Year Guidance

 – Third Quarter Revenue of $78.2 Million, up 370% Year-over-Year –

– Raising 2020 Full Year Revenue Guidance by 20% to between $265 and $275 Million –

CHICAGO–(BUSINESS WIRE)–
Rush Street Interactive, LP (“RSI” or the “Company”), one of the fastest-growing online casino and sports betting gaming companies in the United States, today announced financial results for the third quarter ended September 30, 2020.

Third Quarter 2020 Financial Highlights

  • Revenue was $78.2 million during the third quarter of 2020, compared to $16.7 million during the third quarter of 2019.
  • Comprehensive loss was $(28.1) million during the third quarter of 2020, compared to a comprehensive loss of $(1.6) million during the third quarter of 2019.
  • Advertising and promotions expense was $17.5 during the third quarter of 2020, compared to $9.7 million during the third quarter of 2019.
  • Adjusted EBITDA1 was $9.9 million during the third quarter of 2020, compared to an Adjusted EBITDA of $(1.3) million during the third quarter of 2019.
  • Real Money Active Users in the United States were up 135% year-over-year and 87% quarter-over-quarter.

Greg Carlin, Chief Executive Officer of RSI, said: “Solid execution and financial discipline helped drive our third quarter success. During our third quarter, we grew revenues 370% year-over-year with an 81% increase in marketing spend during the same period. As we move toward completing a transformational year for RSI, we have built a strong technological and operational foundation that we expect will continue to serve us well as we expand into new markets. We are excited to be on the path to becoming a publicly listed company and expect that our customer acquisition strategy and growing market share will create sustainable long-term value for our shareholders.”

Richard Schwartz, President of RSI, added: “Our third quarter results demonstrate RSI’s commitment to excellence and validates our focus on player engagement and building a best-in-class technology stack, which have enabled us to attract and retain a loyal and diverse user base. We have maintained the #1 online casino share in the United States for the second straight quarter according to Eilers & Krejcik. The discipline in how we bring new players onto the BetRivers.com and PlaySugarHouse.com platforms, and retain existing players, is the hallmark of our approach and will remain core to the Company as we continue to expand and enhance our product offerings.”

Kyle Sauers, Chief Financial Officer of RSI, said: “On the back of our strong third quarter results, we are raising full year 2020 revenue guidance to a range of $265 to $275 million. At the midpoint this represents an increase from our previous guidance of 20%.”

Recent Business Highlights

  • Entered into a business combination agreement with dMY Technology Group, Inc. (“dMY”) (NYSE: DMYT.U, DMYT and DMYT WS) which, upon closing of the business combination contemplated thereby, will result in the Company becoming a publicly listed company on the NYSE under the ticker symbol “RSI.”
  • Won several notable industry awards, including both Casino Operator of the Year and Customer Service Operator of the Year at the 2020 EGR North America Awards and Digital Operator of the Year at the Global Gaming Awards Las Vegas 2020.
  • Continued to build and strengthen the RSI leadership team by adding public company veteran Kyle Sauers as Chief Financial Officer.
  • Entered into strategic marketing or sponsorship arrangements with the five-time Stanley Cup champions Pittsburgh Penguins, former six-time NFL all-pro running back and Hall of Famer, Jerome Bettis and TopGolf, the global sports and entertainment company, as well as iHeart Media and Entercom, two of the largest broadcasting and entertainment companies in the United States.
  • Commenced a multi-year agreement with VSiN, the first multi-platform broadcasting company dedicated to delivering news, analysis and proprietary data about the sports betting industry. The agreement includes airing the first national sports betting show to broadcast from a sportsbook in Illinois and allows for other BetRivers.com marketing initiatives.
  • Partnered with IMG Arena to debut the first-ever UFC Event Centre, a leading sports betting content hub that stimulates incremental new live betting opportunities during every UFC fight.
  • Continued to add new and popular content to RSI’s online casino offerings in the United States and Colombia such as premiering live dealer tables in Pennsylvania and new slots games from leading online casino providers such as NetEnt Group, Gaming Realms (Slingo), and Ainsworth Game Technology.
  • Expanded player funding options in New Jersey and Pennsylvania by accepting the Game OnTM card developed by Blackhawk Network, which offers players increased budgeting control and privacy.
  • Partnered with Coushatta Casino Resort in Louisiana to offer social casino and social sportsbook.

Financial Outlook

The Company now expects revenues for the full year ending December 31, 2020 to be between $265 and $275 million, an increase at the midpoint of 20% from its prior guidance of $225 million. During fiscal 2019, the Company had revenue of $64 million. The revised guidance assumes professional and college sports calendars occur as currently planned.

About Rush Street Interactive

Founded in 2012 by gaming industry veterans Neil Bluhm, Greg Carlin and Richard Schwartz, RSI is a market leader in online casino and sports betting in the U.S. The Company launched its first online gaming casino site, PlaySugarHouse.com in New Jersey, in September 2016 and was the first gaming company to launch a regulated online gaming site in Pennsylvania. With its BetRivers.com sites, Rush Street Interactive was also the first to launch regulated online gaming in the states of Indiana, Colorado and, most recently, Illinois. RSI has been an early mover in Latin America and was the first U.S.-based gaming operator to launch a legal and regulated online casino and sportsbook, RushBet.co, in the country of Colombia. Rush Street Interactive was named the 2020 Global Gaming Awards Digital Operator of the Year, and the 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. For more information, visit www.rushstreetinteractive.com.

Non-GAAP Financial Measures

This press release includes Adjusted EBITDA, which is a non-GAAP performance measure that RSI uses to supplement its results presented in accordance with GAAP. RSI believes Adjusted EBITDA is useful in evaluating its operating performance, as it is similar to measures reported by its public competitors and is regularly used by security analysts, institutional investors and other interested parties in analyzing operating performance and prospects. Adjusted EBITDA is not intended to be a substitute for any GAAP financial measure and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.

RSI defines Adjusted EBITDA as net income (loss) before interest expense, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments. RSI includes this non-GAAP financial measure because it is used by management to evaluate RSI’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Adjusted EBITDA excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash expenses (for example, depreciation and amortization and share-based compensation) or are not related to our underlying business performance (for example, interest income, net).

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. dMY’s and RSI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “outlook” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, dMY’s and RSI’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination and the timing of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside dMY’s and RSI’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive business combination agreement (the “Agreement”); (2) the outcome of any legal proceedings that may be instituted against dMY and RSI following the announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of dMY, certain regulatory approvals or satisfy other conditions to closing in the Agreement; (4) the occurrence of any event, change or other circumstance that could give rise to the termination of the Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 on RSI’s business and/or the ability of the parties to complete the proposed business combination; (6) the inability to obtain or maintain the listing of dMY’s shares of common stock on the New York Stock Exchange following the proposed business combination; (7) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (8) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of RSI to grow and manage growth profitably and retain its key employees; (9) costs related to the proposed business combination; (10) changes in applicable laws or regulations; (11) the possibility that RSI or dMY may be adversely affected by other economic, business, and/or competitive factors; and (12) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under “Risk Factors” therein, and in dMY’s other filings with the SEC. dMY cautions that the foregoing list of factors is not exclusive. dMY cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. dMY does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Important Information About the Proposed Business Combination and Where to Find It

In connection with the proposed business combination, dMY filed a preliminary proxy statement with the SEC on October 9, 2020 and November 12, 2020 and intends to file a definitive proxy statement with the SEC. dMY’s stockholders and other interested persons are advised to read the preliminary proxy statement and the amendments thereto and when available the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about RSI, dMY and the proposed business combination. When available, the definitive proxy statement and other relevant materials for the proposed business combination will be mailed to stockholders of dMY as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s web site at www.sec.gov, or by directing a request to: dMY Technology Group, Inc., Attention: Niccolo de Masi, Chief Executive Officer, [email protected].

Participants in the Solicitation

dMY and its directors and executive officers may be deemed participants in the solicitation of proxies from dMY’s stockholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in dMY is contained in the Registration Statement on Form S-1, which was filed by dMY with the SEC on January 31, 2020 and is available free of charge at the SEC’s website at www.sec.gov, or by directing a request to dMY Technology Group, Inc., 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Additional information regarding the interests of such participants will be contained in the proxy statement for the proposed business combination when available.

RSI and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of dMY in connection with the business combination. A list of the names of such directors and executive officers and any information regarding their interests in the proposed business combination is included in the proxy statement referred to above for the proposed business combination.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Rush Street Interactive, LP

Consolidated Condensed Statements of Operations and Comprehensive Loss

(Unaudited and in thousands)

 

 

 

 

 

 

 

For the Three Months

Ended

 

 

For the Nine Months Ended

 

 

 

 

 

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

78,237

 

 

$

16,663

 

 

$

178,452

 

 

$

35,848

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

47,107

 

 

 

6,311

 

 

 

118,774

 

 

 

16,256

 

 

Advertising and promotions

 

 

17,506

 

 

 

9,648

 

 

 

33,421

 

 

 

19,660

 

 

General administration and other

 

 

39,650

 

 

 

2,145

 

 

 

114,815

 

 

 

6,401

 

 

Depreciation and amortization

 

 

452

 

 

 

320

 

 

 

1,368

 

 

 

799

 

 

 

Total operating costs and expenses

 

 

104,715

 

 

 

18,424

 

 

 

268,378

 

 

 

43,116

 

Loss from operations

 

 

(26,478)

 

 

 

(1,761)

 

 

 

(89,926)

 

 

 

(7,268)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(16)

 

 

 

(31)

 

 

 

(101)

 

 

 

(92)

 

 

Total other expense

 

 

(16)

 

 

 

(31)

 

 

 

(101)

 

 

 

(92)

 

Net loss

(26,494)

 

 

 

(1,792)

 

 

 

(90,027)

 

 

 

(7,360)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deemed dividend on preferred units

 

 

(1,521)

 

 

 

–

 

 

 

(4,288)

 

 

 

–

 

Net loss attributable to members

$

(28,015)

$

(1,792)

$

(94,315)

$

(7,360)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

(134)

 

 

 

191

 

 

 

(444)

 

 

 

186

 

Comprehensive loss

 

$

(28,149)

 

 

$

(1,601)

 

 

$

(94,759)

 

 

$

(7,174)

 

 

Rush Street Interactive, LP

Reconciliation of Comprehensive Loss to Adjusted EBITDA

(Unaudited and in thousands)

 

 

 

 

 

 

 

For the Three Months

Ended

 

 

For the Nine Months Ended

 

 

 

 

 

 

 

September 30,

 

 

September 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Comprehensive loss

 

$

(28,149)

 

 

$

(1,601)

 

 

$

(94,759)

 

 

$

(7,174)

 

 

Depreciation and amortization

 

 

452

 

 

 

320

 

 

 

1,368

 

 

 

799

 

 

Interest, net

 

 

16

 

 

 

31

 

 

 

101

 

 

 

92

 

 

Deemed dividend on preferred units

 

 

1,521

 

 

 

–

 

 

 

4,288

 

 

 

–

 

 

Share-based compensation

 

 

36,024

 

 

 

–

 

 

 

103,283

 

 

 

–

 

Adjusted EBITDA

$

9,864

$

(1,250)

$

14,281

$

(6,283)
 

1 Adjusted EBITDA is a Non-GAAP financial measure. Please see “Reconciliation of Comprehensive Loss to Adjusted EBITDA” for a reconciliation of Adjusted EBITDA to the most comparable measure calculated in accordance with GAAP.

For RSI:

Media:

Jonathan Gasthalter / Carissa Felger / Nathaniel Garnick

(312) 319-9233 / (212) 257-4170

[email protected]

or

Lisa Johnson

(609) 788-8548

[email protected]

Investors:

[email protected]

For dMY:

Niccolo de Masi

(310) 600-6667

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Casino/Gaming Consumer Electronics Other Technology Technology Entertainment

MEDIA:

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NeoGames Announces Closing of $94.0 Million Initial Public Offering and Full Exercise of Underwriters’ Overallotment Option

LUXEMBOURG, Nov. 24, 2020 (GLOBE NEWSWIRE) — NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery solutions, announced today the closing of its initial public offering of 5,528,650 ordinary shares at a price of $17.00 per ordinary share, including 721,128 ordinary shares sold pursuant to the full exercise of the underwriters’ overallotment option. The offering consisted of 2,987,625 ordinary shares offered by the Company and 2,541,025 ordinary shares offered by certain selling shareholders. The shares began trading on The Nasdaq Global Market under the ticker symbol “NGMS” on November 19, 2020.

Stifel acted as the lead bookrunner for the offering and as representative of the underwriters, and Macquarie Capital and Truist Securities acted as joint bookrunners for the offering.

A registration statement on Form F-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission on November 18, 2020. This offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, California 94104, telephone: +1 415 364 2720, or email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Neo
G
ames

NeoGames is a technology-driven innovator and a global provider of iLottery solutions for national and state-regulated lotteries. NeoGames’ full-service solution combines proprietary technology platforms with the experience and expertise required for successful iLottery operations. NeoGames’ pioneering game studio encompasses an extensive portfolio of engaging online lottery games that deliver an entertaining player experience. As a trusted partner to lotteries worldwide, the Company works with its customers to maximize their success, offering a comprehensive solution that empowers them to deliver enjoyable and profitable iLottery programs to their players, generate more revenue, and direct proceeds to good causes.


Contacts

Investor Contact:
[email protected]

Media Relations:
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Aura Minerals Comments on Impacts of Hurricanes Eta and Iota at San Andres Mine

ROAD TOWN, British Virgin Islands, Nov. 24, 2020 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA; B3: AURA33) (“Aura” or the “Company”) provides an update on the impacts of Hurricanes Eta and Iota (“Hurricanes”) at its San Andres Mine in Honduras (the “Mine”). The Honduran Permanent Commission for Contingencies (COPECO) issued a red alert state at national level on November 15 for undefined time due to constant rains, that remain to date in the national territory.

Hurricane Eta reached Central America on November 3rd and Hurricane Iota on November 16th, carrying severe storms near San Andres mine causing constant power and communication disruptions. The Company prioritized the safety of its employees and service providers and, as such, reduced or interrupted operations during few occasions within current month when appropriate. In addition, the Company is working closely with local communities, providing food, water, beds, general housewares and other essentials to those affected by the Hurricanes. Donations were also made to institutions designated by the government to evaluate and provide aid to the people affected by the Hurricanes at Copan department.

The Company is not aware of any injuries or casualties caused by the Hurricanes in the region where the Mine is located. In addition, no material damage was caused to properties of the Company and impact on production is estimated to be between 2,000 and 3,000 ounces against the previous disclosed guidance, therefore impacting in lower revenues and costs for November 2020.

“The safety of our employees and contractors is always our top priority, as well as supporting the communities around our operations,” said Rodrigo Barbosa, President and Chief Executive Officer of Aura.

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable securities laws (collectively, “forward-looking statements”) which include, but are not limited to, the impact of the Hurricanes in the Company’s operations.

Known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to predict or control, including any changes to the conditions and limitations imposed by the Government Orders and the duration of such conditions or limitations, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

About Aura 360° Mining

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and the Gold Road mine in the United States. In addition, the Company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.

For further information, please visit Aura’s website at www.auraminerals.com or contact:

Rodrigo Barbosa                 
President & CEO
305-239-9332