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Fuse Medical, Inc. Reports Third Quarter 2020 Financial Results and Provides Business Update in Response to COVID-19

RICHARDSON, Texas–(BUSINESS WIRE)–
Fuse Medical, Inc. (OTCPINK: FZMD) (“Fuse” or the “Company”) announced that it filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020 with the Securities and Exchange Commission (“SEC”) on Monday, November 16, 2020.

Third Quarter 2020 Highlights

• Revenue for the third quarter of 2020 was approximately $5.7 million, up 43% from the second quarter 2020, and an approximate $22,000 increase when compared to the prior-year period
• Gross profit for the third quarter of 2020 was 64.4% of revenue, compared to 16.2% of revenue for the prior-year period
• Operating expenses for the third quarter of 2020 were 24.0% of revenues, compared to 39.6% of revenues for the prior-year period
• Net income in the third quarter of 2020 was approximately $80,000, compared to a net loss of approximately $4.1 million for the prior-year period

Chief Executive Officer, Christopher C. Reeg said, “We are very pleased with our results for the third quarter of 2020, especially in light of the impact the COVID-19 pandemic continues to have on our industry and economy overall. We believe the success of our third quarter is driven largely by our strong focus on revenues and customers, as well as the results of our implementation of strategic expense reduction introduced in the first half of 2020. These positive results reflect the momentum and hard work of the entire Fuse team who’s dedication remains vigilant as we continue to navigate these uncertain times. We look forward to keeping these positive trends as we finish out the fourth quarter.”

The Quarterly Report on Form 10-Q filing can be viewed in the “Investors” section of the Company’s website, www.fusemedical.com as well as the SEC’s website.

About Fuse Medical, Inc.

Fuse is an emerging manufacturer and distributor of innovative medical devices for the orthopedic and spine marketplace. We provide a comprehensive portfolio of products in the orthopedic total joints, sports medicine, trauma, foot and ankle space, as well as, degenerative and deformity spine, orthobiologics and regenerative medicine products. For more information about the Company, or if you’re interested in becoming a distributor of any Fuse’s products, please contact us at [email protected] or visit: www.fusemedical.com.

Forward Looking Statements

Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend,” or similar expressions or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based only on information available to the Company as of the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Company’s filings with the Securities and Exchange Commission; the failure of the Company to close the transaction; and integration issues with the consolidated company. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events, or otherwise, except as required by law.

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Fuse Medical, Inc.

Devon Morgan, Sr. Investor Relations Analyst

Office (469) 862-3030

Facsimile (469) 862-3035

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Surgery Medical Devices Hospitals Biotechnology Other Health Physical Therapy Managed Care Health General Health

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Posted on November 17, 2020 8:37 pm

WeissLaw LLP Reminds BSTC, DNKN, NAV, and PNM, Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Nov. 17, 2020 /PRNewswire/ —

If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:

Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

BioSpecifics Technologies Corp. (NASDAQ: BSTC)

URGENT – TENDER OFFER EXPIRES DECEMBER 1, 2020

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BioSpecifics Technologies Corp. (NASDAQ: BSTC) in connection with the proposed acquisition of the company via tender offer by Endo International plc.  Under the terms of the tender offer, BSTC shareholders will receive $88.50 in cash for each share of BSTC common stock that they own.  If you own BSTC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/bstc/ 

Dunkin’ Brands Group, Inc. (NASDAQ: DNKN)

URGENT – TENDER OFFER EXPIRES DECEMBER 14, 2020

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dunkin’ Brands Group, Inc. (NASDAQ: DNKN) in connection with the proposed acquisition of the company by Inspire Brands, Inc.  Under the terms of the acquisition agreement, which is structured as a tender offer, DNKN shareholders will receive $106.50 in cash for each share of DNKN common stock that they own.  If you own DNKN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/dnkn/ 

Navistar International Corporation (NYSE: NAV)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Navistar International Corporation (NYSE: NAV) in connection with the proposed acquisition of the company by TRATON SE (“TRATON”).  Under the terms of the acquisition agreement, TRATON, which already controls 16.7% of NAV common stock, will acquire all outstanding shares of NAV that it does not already own, and NAV shareholders will receive $44.50 in cash for each share of NAV that they hold.  If you own NAV shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/NAV/ 

PNM Resources, Inc. (NYSE: PNM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PNM Resources, Inc. (NYSE: PNM) in connection with the proposed acquisition of the company by Avangrid, Inc.  Under the terms of the acquisition agreement, PNM shareholders will receive $50.30 in cash for each share of PNM common stock that they own.  If you own PNM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:https://weisslawllp.com/pnm/  

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SOURCE WeissLaw LLP

Posted on November 17, 2020 8:36 pm

HD SUPPLY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HD Supply Holdings, Inc. – HDS

HD SUPPLY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HD Supply Holdings, Inc. – HDS

NEW ORLEANS–(BUSINESS WIRE)–
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HD Supply Holdings, Inc. (NasdaqGS: HDS) to The Home Depot, Inc. (NYSE: HD). Under the terms of the proposed transaction, shareholders of HD Supply will receive only $56.00 in cash for each share of HD Supply that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-hds/ to learn more.

Please note that the merger is structured as a tender offer, such that time may be of the essence.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC

1100 Poydras St., Suite 3200

New Orleans, LA 70163

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006331/en/

Kahn Swick & Foti, LLC

Lewis S. Kahn, 855-768-1857

Managing Partner

[email protected]

KEYWORDS: United States North America Louisiana

INDUSTRY KEYWORDS: Legal Professional Services

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UROVANT SCIENCES INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Urovant Sciences – UROV

NEW ORLEANS–(BUSINESS WIRE)–
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Urovant Sciences (NasdaqGS: UROV) to Sumitovant Biopharma. Under the terms of the proposed transaction, shareholders of Urovant will receive only $16.25 in cash for each share of Urovant that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-urov/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006330/en/

Kahn Swick & Foti, LLC

Lewis S. Kahn, 855-768-1857

KSF Managing Partner

[email protected]

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Legal Professional Services

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AWS Announces General Availability of AWS Network Firewall

New high-availability firewall service gives customers added visibility and control to easily secure their virtual networks running on AWS

GE and the U.S. Navy among the customers using AWS Network Firewall

SEATTLE–(BUSINESS WIRE)–
Today, Amazon Web Services Inc., an Amazon.com company (NASDAQ: AMZN), announced the general availability of AWS Network Firewall, a new managed security service that makes it easier for customers to enable network protections across all of their AWS workloads. Customers can enable AWS Network Firewall in their desired Amazon Virtual Private Cloud (VPC) environments with just a few clicks in the AWS Console, and the service automatically scales with network traffic to provide high availability protections without the need to set up or maintain the underlying infrastructure. AWS Network Firewall’s flexible rules engine gives customers granular control to define their own custom rules or integrate with their existing security ecosystem by importing rules from leading AWS Partner Network (APN) security partners like AlertLogic, CrowdStrike, Fortinet, and Trend Micro. There are no additional charges or upfront commitments required to use AWS Network Firewall, and customers pay only by hours deployed and gigabytes processed. To get started with AWS Network Firewall, visit https://aws.amazon.com/network-firewall/.

AWS provides comprehensive protections to help customers secure their networks, such as AWS Web Application Firewall (WAF) to protect internet-facing web applications, AWS Shield to safeguard against Distributed Denial of Service (DDoS) attacks, and AWS Firewall Manager which provides central management and visibility across all firewall controls on AWS. While these and other protections combine to provide highly secure and flexible layers of defense, many customers also want a simple way to apply and manage blanket network protections across all of their workloads (e.g., domain-based access controls, monitoring to identify malicious traffic patterns, and unified traffic inspection spanning from the network layer to the application layer). Customers also want to customize these protections based on their organization’s specific security needs, import rules from other trusted providers that they already use, and easily integrate collected logs and network data into their existing security workflows. Customers are seeking easy-to-use and customizable network protections, without having to manually patch and maintain servers, handle failover, and provision capacity.

With AWS Network Firewall, customers can easily deploy granular network protections across their entire AWS environment, without the need to configure and manage additional security infrastructure. AWS Network Firewall provides essential protections against common network threats, including dynamic packet filtering, intrusion prevention and detection, and web filtering. Customers can also implement customized Snort and Suricata rules (two widely used open source formats) to further tailor protections like preventing their VPCs from accessing unauthorized domains, blocking thousands of known bad IP addresses, or defending against common exploits by identifying patterns and behaviors associated with known threats. Customers can monitor firewall activity in real time via Amazon CloudWatch metrics, and can have AWS Network Firewall automatically send network traffic logs to Amazon Simple Storage Service (S3), Amazon Cloudwatch, and Amazon Kinesis Data Firehose for additional visibility and auditing purposes.

“When we talk to customers about what they want in a cloud network firewall they tell us that they want network protections that work with their existing security systems and without the headache of managing the underlying infrastructure,” said Steve Schmidt, CISO, AWS. “AWS Network Firewall provides scalable network protections that allow customers to deploy highly customizable rules for their entire AWS infrastructure, and integrates with many of the APN partner services that customers already use. Best of all, there’s no need to configure or maintain additional infrastructure.”

AWS Network Firewall integrates with AWS Firewall Manager, allowing customers to build policies based on AWS Network Firewall rules and centrally apply those policies across their VPCs and accounts through the AWS Firewall Manager Console and API. Leading providers, including Accenture, Alert Logic, Check Point Software Technologies, CrowdStrike, Datadog, Fortinet, Hashicorp, IBM, Palo Alto Networks, Rackspace, Splunk, SumoLogic, Trend Micro, and Tufin have built integrations with AWS Network Firewall, with more coming soon. These integrations allow customers to easily incorporate AWS Network Firewall into their existing security workflows for orchestration, automation, and threat detection and response. AWS Network Firewall is available today in the US East (N. Virginia), US West (Oregon), and Europe (Dublin) regions, with more regions coming soon.

For more than 125 years, GE has invented the future of industry. “We have a high bar for security at GE, which means we dedicate a considerable amount of time and resources to network protection across our sizeable cloud footprint,” said Matthew Green, Sr. Director of Cloud Architecture, GE. “AWS Network Firewall will continue to keep GE on the bleeding edge of cloud technology and afford us the opportunity to utilize best-in-class firewalling and threat detection to protect our egress traffic across all our workloads.”

The U.S. Navy Sea Warrior Program’s mission is to rapidly identify and implement affordable IT solutions. After testing AWS Network Firewall’s scalability and functionality, the US Navy agrees that the service meets the needs of the program. “The U.S. Navy Sea Warrior Program (PMW 240) has a requirement for cybersecurity as a service and is testing options within an Other Transaction Authority (OTA) contract vehicle awarded to AWS via the IWRP OTA,” said a representative from Navy PMW 240 Sea Warrior. “PMW 240 requires a cybersecurity solution that automates firewall infrastructure, scale, and performance to allow it to better focus on cyber alerts and protection of Navy data.”

Fortinet secures the largest enterprise, service provider, and government organizations around the world. “Fortinet’s work with cloud customers of all shapes and sizes gives us broad visibility into the most critical components of network security in the cloud,” said John Maddison, EVP of Products and CMO at Fortinet. “We’ve made this expertise available to all AWS Network Firewall customers in the form of managed rules based on threat intelligence from FortiGuard Labs. Our collaboration with AWS will make it easy for customers to seamlessly integrate Fortinet threat intelligence with AWS Network Firewall as an additional layer of protection alongside their existing security.”

Rackspace Technology is a leading end-to-end multicloud technology services company. “At Rackspace we have a long history of supporting small and midsize businesses in their journey to the cloud, and one of the most common challenges these customers face is finding a simple and accessible way to secure their network and web applications,” said Aaron Hackney, Principal Architect of Network Security, Rackspace Technology. “Existing solutions are often either exclusively aimed at big enterprises and thus too costly and complex, or too bare bones to be truly effective without a lot of customization and additional development. AWS Network Firewall gives these customers powerful protections against common network threats without requiring existing security expertise or piles of money just to get started.”

About Amazon Web Services

For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in India, Indonesia, Japan, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

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Amazon.com, Inc.

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KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Banking Software Networks Professional Services Online Retail Internet Hardware Data Management Technology Small Business Security Retail Finance

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