LOS ANGELES, CA / ACCESSWIRE / July 29, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website has launched an online guide that presents the most important car insurance discounts and how much money drivers can save.

Paying the monthly bill for car insurance can be a burden for drivers. Many of them are struggling to gather enough money to pay their monthly insurance bills. Luckily, car insurance doesn't have to be expensive. To make car insurance more affordable, car insurance companies are offering various types of discounts that can be earned by drivers after meeting the requirements.

The most important discounts offered by providers are the following:

Demographic and geographic-based discounts. Factors like age, gender, marital status can significantly affect the price of car insurance. Young and senior drivers will pay more on their premiums than drivers who are between 30 and 60 years old. Married drivers are considered to be more responsible and will pay less on their premiums than drivers who are single or divorced. Policyholders who use their vehicles to commute to work on short distances can be eligible for a low-mileage discount. Drivers who live in areas with low car theft and vandalism rates will also pay cheaper premiums.
Clean driving discount. To obtain the no-claim bonus, drivers will have to make no claims and announce no accidents for a certain period. Usually, insurers will offer this bonus after 3-5 years.
Safety devices discount. Newer car models come equipped with various types of safety devices. Depending on what types of devices are installed on a vehicle, drivers can gain a safety devices discount. Also, policyholders can improve the safety rating of their vehicles by installing aftermarket safety and tracking devices. However, drivers should talk with their insurers first and check what devices are approved and how much money they can save by installing them.
Paying the policy upfront discount. Insurers will save monthly administration costs if the policyholder chooses to pay for the whole policy at once. For this reason, the insurers are willing to give a discount to those drivers who chose to pay their policy once instead of having to pay it monthly.
Defensive driving discount. Drivers who attend and graduate a defensive driving course will get a discount from their insurers. Besides obtaining a discount, drivers who attend a defensive driving course will improve their driving skills and will learn how to identify and avoid road obstacles.

For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"Car insurance companies know that for some customers, car insurance is too expensive. To make car insurance more affordable and to encourage safe driving habits, insurance providers are offering various discounts", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/

SOURCE: Internet Marketing Company

ReleaseID: 599229

NEW YORK, NY / ACCESSWIRE / July 29, 2020 / Network‑1 Technologies, Inc. (NYSE American:NTIP), a company engaged in developing, licensing, and protecting intellectual property, announced today that it has agreed to settle its litigation against Dell, Inc. ("Dell") pending in the District Court, 241st Judicial District Smith County, Texas. The litigation relates to a dispute regarding a Settlement and License Agreement, dated August 15, 2016, with respect to royalty payments relating to licensing Network-1's Remote Power Patent. Under the terms of the settlement, Dell will pay $4,150,000 to Network-1 in full settlement of the litigation.

ABOUT NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns eighty-four (84) patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content. Network-1's current strategy includes continuing to pursue licensing opportunities for its Remote Power Patent and its efforts to monetize three patent portfolios (the Cox, Mirror Worlds and M2M/IoT Patent Portfolios). Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of $147,000,000 from May 2007 through March 31, 2020. Network-1 has achieved licensing and other revenue of $47,150,000 through March 31, 2020 with respect to its Mirror Worlds Patent Portfolio.

CONTACT:

Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
(212) 829-5770

SOURCE: Network-1 Technologies, Inc.

ReleaseID: 599435

Auditoria.AI becomes the first Cognitive AI provider to be Sage Intacct certified

SANTA CLARA, CA / ACCESSWIRE / July 29, 2020 / AUDITORIA.AI, provider of AI-driven automation solutions for corporate finance teams, announced today that its SmartFlow Skills Platform is immediately available in the Sage Intacct Marketplace. As the first-ever "cognitive AI" solution to be Sage Intacct certified, Auditoria automates routine repetitive business processes that otherwise take days or weeks, while accelerating surgical financial insights that improve visibility and decision making.

"We're very pleased to offer Sage Intacct customers the first set of cognitive, AI-driven automation capabilities that come natively integrated," said Adina Simu, Auditoria's Chief Product Officer and Co-Founder. "With Auditoria SmartFlow Skills, customers can extend the investment that they have made in Sage Intacct and benefit from intelligent automation of business processes, interactive responses, and algorithmic analytics. We're proud to partner with a recognized leader in cloud financial management."

"At Sage Intacct, we take pride in our open application interfaces, allowing innovative companies like Auditoria.AI to extend the capabilities that our customers have made in their accounting and finance system," said Eileen Wiens, Sage Intacct Vice President of Business Development. "With Auditoria, our customers can confidently enter the future of finance automation, powered by artificial intelligence and cognitive RPA."

Auditoria SmartFlow Skills offers a reliable alternative to traditional approaches to execute typical finance back-office processes, which result in significantly improved business resiliency. Using natural language-driven configurations, Auditoria SmartFlow Skills ephemerally automates mission-critical finance business processes, while querying and reconciling data into financial systems of record.

Additionally, SmartFlow Skills includes modern machine learning algorithms to drive statistical and predictive analytics, allowing companies to have rapid access to key financial indicators, higher accuracy and precision in predictive recommendations, and being continuously audit-ready while mitigating risks, eliminating errors, and reducing accounting infractions.

"Instead of relying on traditional processes to get work done, we are excited to use a platform like Auditoria to have a 3-4X multiplier in our productivity to support the company's growth," said Tien Anh Nguyen, Chief Financial Officer of UserTesting. "Auditoria's approach looks to be a game changer in our finance and accounting functions."

"AI and automation are critical for companies wanting to extend the investments in their accounting software," said Ryan Prindiville, Partner, Consulting at Armanino LLP. "We're thrilled to see Auditoria's offering in the Sage Intacct Marketplace. We look forward to Armanino's customers taking advantage of the pre-certified Intacct integration from Auditoria.AI."

To learn more, visit the Sage Intacct Marketplace: https://share.auditoria.ai/si_marketplace

About Auditoria

Founded in 2019, Auditoria is a provider of AI-driven automation solutions for Finance teams, based in Santa Clara, California, and backed by Neotribe Ventures, Engineering Capital, Firebolt Ventures, and B Capital Group. Its flagship offering, Auditoria SmartFlow Skills, leverages natural language processing, artificial intelligence, and machine learning to remove friction and repetition, automate finance back-office business processes, and deliver cutting-edge real-time predictive analytics to enterprise Finance and Accounting teams.

Learn more about Auditoria by visiting Auditoria.ai. Follow Auditoria on LinkedIn and Twitter.

Media Contact:

Kate Campbell
York IE
communications@auditoria.ai

SOURCE: Auditoria

ReleaseID: 599337

NEW YORK, NY / ACCESSWIRE / July 29, 2020 / VitaminEnergy®, the most convenient way to nourish your body with vitamins while boosting your energy for up to 7+ hours, has experienced significant growth in 2020; hitting #1 on the IRI charts as the world's fastest growing energy shot and the #2 fastest growing energy drink in the world.

Ranking #1 on Amazon Prime and gaining distribution in thousands of stores this year, including Pilot Flying J, Circle K, Maverik, Travel Centers of America and 7-Eleven, VitaminEnergy® is experiencing increasing momentum, while long-time market leader 5 Hour ENERGY®‎ continues to experience a steady decline in sales.

"VitaminEnergy®'s growth during the COVID-19 pandemic has been incredible. While most energy drinks/shots had declines in sales during the period 2nd QTR 2020, VitaminEnergy® produced 700+ percent in sales growth due to consumers seeking brands that provide immune support. Another reason for the growth is that consumers are purchasing more energy products and the "functional" entries like VitaminEnergy® are driving the broader energy sales (part of the "better for you" trend)," explains Molly Jacobson, Communications Director at VitaminEnergy®.

A 2018 survey by the International Food Information Council Foundation found that over half of consumers consult the ingredient list "often or always" when making purchasing decisions. Another 2018 study found that "a whopping 77 percent of Americans" read the Nutrition Facts label where the ingredient list is located.

"Consumers instantly recognize VitaminEnergy® due to the descriptive nature of the brand name matching what the product is…Vitamins combined with Energy. This competitive advantage in the marketplace has pathed the way for explosive sales growth during the Covid pandemic, where people can conveniently access their daily vitamin dosages while boosting their energy levels," says Jay Byrd, VP of Sales at VitaminEnergy®.

VitaminEnergy® plans to continue growing its line of shot extensions focused on diversity through vitamins, not just flavors. The proprietary blend of vitamins in each shot of VitaminEnergy® are specifically designed to support a specific health function, from immune support to recovery. By design, VitaminEnergy® is both sugar and carb free.

In addition, each shot is a scientifically advanced formula designed to enhance energy levels for up to 7+ hours with no sugar crash. Combined with healthy vitamins, VitaminEnergy® is a functional extra strength energy shot with 260 mg of caffeine to provide both powerful nutrients and a strong energy boost.

Current VitaminEnergy® Brands:

IMMUNE+

The VitaminEnergy® Immune Shot is packed with 100 percent DV of Vitamin C to support immune health and an extra strength energy formula to provide a powerful energy boost that lasts up to 7+ hours with no sugar crash later.

ENERGY+

The VitaminEnergy® Energy+ Shot is packed with B12 14,000 percent and an extra strength energy formula to provide a powerful energy boost that lasts up to 7+ hours with no sugar crash later.

FOCUS+

The VitaminEnergy® Focus Shot is packed with COQ10 and BCAAs to support brain health, as well as an extra strength energy formula to provide a powerful energy boost that lasts up to 7+ hours with no sugar crash later.

MOOD+

The VitaminEnergy® Mood Shot is packed with 5-HTP, Rhodiola Rosea and Passionfruit to support a positive mood and an extra strength energy formula to provide a powerful energy boost that lasts up to 7+ hours with no sugar crash later.

WORKOUT+

The VitaminEnergy® Pre-Workout Booster is packed with Beta Alanine along with L-Arginine for better pumps and an extra strength energy formula to provide a powerful energy boost that lasts up to 7+ hours with no sugar crash later.

About VitaminEnergy®

VitaminEnergy® is the most convenient way to nourish your body with vitamins while boosting your energy levels for up to 7+ hours with no sugar crash later. Every shot of VitaminEnergy® is super infused vitamins that combines a powerful energy formula.

There is a VitaminEnergy® shot to fit every lifestyle: IMMUNE+, ENERGY+, FOCUS+, MOOD+, and WORKOUT+. For more information about VitaminEnergy®, please visit us at VitaminEnergy.com.

CONTACT: 

Molly Jacobson 
800-420-3106

SOURCE: Vitamin Energy, LLC

ReleaseID: 599445

Portable humidifier manufacturers are primarily invested in production innovations and cost reductions to keep the edge in an intensely competitive market landscape.

ROCKVILLE, MD / ACCESSWIRE / July 29, 2020 / The portable humidifiers market is expected to display a moderate 4% CAGR between 2020 and 2030. The coronavirus pandemic will have a marginal impact on the global portable humidifiers market owing to manufacturing and inventory issues for the duration of the outbreak. Recovery of operations will be gradual, as governments open up varied industrial sectors to restart national economies.

"Ease of installation and minimal consumption of energy in portable humidifiers, increase adoption for single room applications. Further, the relatively affordable cost of these products as compared to fixed alternatives is supporting use in residential settings, and sustaining sales for the foreseeable future," says the Fact.MR analyst.

Request a report sample to gain more market insights at

https://www.factmr.com/connectus/sample?flag=S&rep_id=4776

Portable Humidifiers Market – Important Takeaways

Online channels of distribution are displaying high penetration, supported by popularity of online payment platforms and superior efficiency in deliveries.
Warm mist variants of portable humidifiers are gaining preference owing to superior protection against microbes.
Europe is a key market displaying sustained demand for portable humidifiers supported by the prevalence of cold dry climates in the region.

Portable Humidifiers Market – Driving Factors

Extensive activity in the building and construction sector in residential and commercial projects supports demand for portable humidifiers.
Niche healthcare applications in prevention of varied respiratory ailments, bolster adoption in rates in healthcare facilities.

Portable Humidifiers Market – Leading Constraints

Portable humidifiers are at higher risk of accumulating bacteria over time, increasing health risks for users.
Limited adoption rates in tropical regions around the globe, owing to naturally humid conditions, restrict potential for sales.

Anticipated Market Impact by Coronavirus Outbreak

The coronavirus pandemic is having a negative impact on production and distribution of portable humidifiers in the short term, as manufacturing facilities and brick and mortar retailers were forced to suspend operations in many regions temporarily. On the other hand, online channels of sales have witnessed growth during the crisis period. Further, research from Yale University has shown promising results in preventing covid-19 cases through indoor humidification, which will generate major opportunities for manufacturers in the months ahead.

Explore the global portable humidifiers market with 256 figures, 82 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/4776/portable-humidifiers-market

Competition Landscape

Leading manufacturers in the portable humidifiers market include but are not limited to Research Products Corp., Condair Group, Rowenta, Procter & Gamble, Sunvalley Group, and Honeywell International Inc.

Leading manufacturers are primarily focusing on improving product functionality and performance, with an emphasis on multi0functional offerings, in a bid to appeal to a wider consumer demographic.

For instance, Blaux has unveiled its multifunctional portable humidifier, which also includes a fan and air purifier setup. Similalry, Evapolar has released an evaporative portable humidifier with aroma diffusion capabilities. Royal Philipps has unveiled a thin structure CPAP heated humidifier as a sleep therapy solution.

More on the Report

The FACT.MR's market research report provides in-depth insights on portable humidifiers market. The market is scrutinized according to type (cool mist humidifiers, warm mist humidifiers, evaporative humidifiers, and ultrasonic humidifiers, ), humidity output (1 gallon/day, 1.5 to 2 gallons/day, 2.1 to 2.5 gallons/day, 3 to 3.5 gallons/day, and over 3.5 gallons/day), application (residential and commercial), and sales channel (independent electronic stores and franchised electronic stores) across seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa).

Explore Wide-ranging Coverage of FACT.MR's Retail & Consumer Goods Landscape

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Heart Rate Monitor Watch Market: FACT.MR's report on the global heart rate monitor watch market offers insights on the market set for strong growth during 2018-2027, including restraining forces, revenue sources, market leaders, and market strategies.

Fish Breeding Tank Market: Read an analysis on the fish breeding tank market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.

About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, Ireland, and has delivery centers in the U.S. and India. FACT.MR's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1543/global-portable-humidifiers-market

SOURCE: FactMR

ReleaseID: 599429

NEW YORK, NY / ACCESSWIRE / July 29, 2020 / Austin Rutherford is a hard worker to say the least. At age 27, he is making millions in the real estate industry. How was he able to be so successful at such a young age? The answer lies in his hard work and dedication to getting the job done. He struggled in the beginning, but persevered through to become a successful real estate entrepreneur.

"When I was in my teens and in middle school I was always hustling trying to make money. Cutting grass, shoveling snow, buying candy at Sam's Club in bulk and selling it at school for a profit, making and selling buckeye necklaces. I had $25,000 saved and I bought a $225,000 duplex as a rental when I was 20 years old," recounts Austin.

Quickly after, Austin realized that the best way to make money quickly was to get involved in the real estate business. Early on, when Austin realized he had a passion for making money, he learned that many people who had made it big had all been involved somehow in real estate. Austin knew that this was his next step.

"When I was 18, I read the book Think and Grow Rich, and that set it off for me. Then I read somewhere that 90% of all people who file a tax return with $1M+ on it had real estate in their portfolio, and I thought well, that is the way I am going to get rich then," Austin remembers.

Austin then worked his way through the real estate world. At first, he was not the most successful, but he pushed through anyways. He reached out and found a mentor who helped guide him through the process. After working incredibly hard, he was finally able to flip his first house and make a massive profit.

"I paid a mentor $25,000 on a credit card to teach me the flipping game when I was 20. Finally, 16 months after paying my mentor grinding everyday, working 60+ hours valeting, and taking 15 credit hours in college, I flipped my first house the week after I turned 22 years old and made $107,000 net profit. I flipped my next house about 4 months later and made $40,000. Then I quit my job, dropped out of college, went full time in real estate, and over the last 5.5 years, moved about 200 properties in flips, new builds, rentals, and wholesales. Now, I am a 27 year old multi millionaire," explains Austin.

Austin Rutherford shows no signs of slowing down now. His goal in the upcoming years is to continue to build a personal brand and create his space in the real estate business and real estate education business. His advice for those wishing to start their own business is to take the leap of faith and go for it!

"Take the leap! Most never even start because they let fear stop them from ever taking that first step. We all have dreams and goals, but the difference is the ones that succeed, they are the ones that act on those dreams and goals. Most people always say ‘well what if you fail' or 'what if it doesn't work out' or ‘what if you lose it all?' I like to twist that and tell people to ask themselves ‘What if it turns out better than you could ever imagine?'" advises Austin.

As a young entrepreneur, Austin had to overcome numerous obstacles that consistently got in his way. The biggest challenge by far according to Austin was just getting over his lack of confidence. After conquering this huge hurdle, everything was possible for Austin.

"There are obstacles all day every day. I don't think one is necessarily bigger than all of the others. I just think believing in yourself and being confident in yourself on a daily basis and knocking things out that you fear or that are obstacles without hesitation is huge." remarks Austin.

To find out more about Austin Rutherford, you can follow him on Instagram @austinrutherfordofficial.

CONTACT:
Paula Henderson
646-736-2071
phendersonnews@gmail.com

About VIP Media Group:
VIP Media Group is a hybrid PR agency. Their diverse client base includes top-class entrepreneurs, public figures, influencers, and celebrities.

SOURCE: VIP Media Group

ReleaseID: 599434

MYRTLE BEACH, SC / ACCESSWIRE / July 29, 2020 / Today, Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank ("Bank"), reported unaudited financial results for the second quarter of 2020. The Company reported net income of $1,441,677 or $.23 cents per share for the six months ended June 30, 2020, compared to $1,125,445 or $.18 cents per share, for the same period ended June 30, 2019, representing a 28% increase. Net income for the three months ended June 30, 2020, was $678,943 or $.11 cents per share, compared to $638,547 or $.10 cents per share for the same period one year ago.

2020 Second Quarter Financial Highlights

Year-to-date and quarter-to-date net income of $1,441,677 and $678,943, respectively
Quarter to date pre-tax pre-provision earnings of $1.6 million representing an increase of 78% when compared to the same period in the prior year
Total Assets increased 15% during the quarter and 24% year-to-date to $551 million at June 30, 2020
Total Deposits increased 14% during the quarter and 26% year-to-date to $484 million at June 30, 2020
Total Loans increased 7% during the quarter and 12% year-to-date to $396 million at June 30, 2020
275 PPP (Payroll Protection Program) loans funded totaling $26 million

"As we report our second quarter 2020 results, we continue to be focused on the COVID-19 pandemic and how it has impacted the lives of our team and our customers. We are pleased with our strong second quarter 2020 results, which included a 6% increase in net income as compared to the same quarter in 2019 and a 28% increase for the six months ended June 30, 2020, when compared to the same period last year. We continue to demonstrate solid growth metrics in Total Assets, Total Deposits, and Total Loans, despite operating in these unprecedented times. Also, while our loan portfolio continues to perform very well, we increased our loan loss provision in advance of any potential credit losses we may see in our loan portfolio as a result of the COVID-19 pandemic.

As a community bank, we worked with our commercial customers to provide $26 million in PPP loans and also provided short-term payment deferrals for borrowers who could not meet their payment obligations as a result of the pandemic. We have positioned our balance sheet to handle the challenges of the COVID-19 pandemic on our company while continuing to demonstrate the consistent ability to grow our franchise. We are so thankful for the tremendous commitment of our employees to continue serving our customers during this very challenging environment. Despite the pandemic, our team continues to exemplify a 'We Can Do That' spirit while meeting customer needs and keeping clients informed during the ever-changing times," says Laurence S. Bolchoz, Jr., President and Chief Executive Officer of the Company and the Bank.

Coastal Carolina Bancshares, Inc.
Selected Financial Highlights
(unaudited)

 
June 30,
2020
 
 
March 31,
2020
 
 
December 31,
2019
 
 
September 30,
2019
 
 
June 30,
2019
 

Balance Sheet (In Thousands)

Total Assets

 
$
551,302
 
 
$
478,572
 
 
$
446,245
 
 
$
436,110
 
 
$
433,577
 

Investment Securities

 
 
64,818
 
 
 
32,732
 
 
 
31,287
 
 
 
28,910
 
 
 
37,913
 

Loans, net of unearned income (total loans)

 
 
396,126
 
 
 
369,812
 
 
 
353,500
 
 
 
326,370
 
 
 
313,138
 

Deposits

 
 
483,915
 
 
 
423,871
 
 
 
385,098
 
 
 
382,436
 
 
 
381,058
 

Shareholders' Equity

 
 
50,682
 
 
 
49,100
 
 
 
47,688
 
 
 
46,788
 
 
 
46,001
 

Total Shares Outstanding

 
 
6,160,718
 
 
 
6,156,220
 
 
 
6,156,220
 
 
 
6,156,220
 
 
 
6,156,220
 

Book Value per Share

 
$
8.23
 
 
$
7.98
 
 
$
7.75
 
 
$
7.60
 
 
$
7.47
 

Tangible Book Value Per Share

 
$
7.68
 
 
$
7.42
 
 
$
7.19
 
 
$
7.04
 
 
$
6.91
 

Selected % Increases

 
2nd Qtr
2020
 
 
1st Qtr
2020
 
 
4th Qtr
2019
 
 
3rd Qtr
2019
 
 
2nd Qtr
2019
 

Total Assets

 
 
15
%
 
 
7
%
 
 
2
%
 
 
1
%
 
 
14
%

Total Loans

 
 
7
%
 
 
5
%
 
 
8
%
 
 
4
%
 
 
9
%

Total Deposits

 
 
14
%
 
 
10
%
 
 
1
%
 
 
0
%
 
 
17
%

Selected Ratios

Loan Loss Reserve to Total Loans

 
 
0.98
%
 
 
0.84
%
 
 
0.82
%
 
 
0.85
%
 
 
0.85
%

Non-Performing Assets to Total Assets

 
 
0.32
%
 
 
0.33
%
 
 
0.35
%
 
 
0.36
%
 
 
0.25
%

Net Charge-Offs to Total Loans

 
 
0.00
%
 
 
0.00
%
 
 
0.06
%
 
 
0.00
%
 
 
0.00
%

Net Interest Margin (year to date) – Bank Level

 
 
3.65
%
 
 
3.63
%
 
 
3.66
%
 
 
3.66
%
 
 
3.70
%

 
For the
 
 
For the
 
 
For the
 
 
For the
 
 
For the
 

 
Three Months Ended
 
 
Three Months Ended
 
 
Three Months Ended
 
 
Six Months Ended
 
 
Six Months Ended
 

 
June 30,
2020
 
 
March 31,
2020
 
 
June 30,
2019
 
 
June 30,
2020
 
 
June 30,
2019
 

Earnings Breakdown (In Thousands)

Total Interest Income

 
$ 
5,444
 
 
$ 
5,018
 
 
$ 
4,609
 
 
$ 
10,461
 
 
$ 
8,919
 

Total Interest Expense

 
 
1,121
 
 
 
1,145
 
 
 
1,087
 
 
 
2,266
 
 
 
2,070
 

Net Interest Income

 
 
4,323
 
 
 
3,873
 
 
 
3,521
 
 
 
8,195
 
 
 
6,849
 

Total Noninterest Income

 
 
868
 
 
 
566
 
 
 
490
 
 
 
1,434
 
 
 
898
 

Total Noninterest Expense

 
 
3,569
 
 
 
3,245
 
 
 
3,101
 
 
 
6,813
 
 
 
6,062
 

Provision for Loan Losses

 
 
770
 
 
 
215
 
 
 
92
 
 
 
985
 
 
 
257
 

Income Before Taxes

 
 
852
 
 
 
979
 
 
 
818
 
 
 
1,831
 
 
 
1,428
 

Taxes

 
 
173
 
 
 
216
 
 
 
179
 
 
 
389
 
 
 
302
 

Net Income

 
$ 
679
 
 
$ 
763
 
 
$ 
639
 
 
$ 
1,442
 
 
$ 
1,126
 

Earnings Per Share

 
$ 
0.11
 
 
$ 
0.12
 
 
$ 
0.10
 
 
$ 
0.23
 
 
$ 
0.18
 

Weighted Average Basic and Diluted Shares Outstanding

 
 
6,158,970
 
 
 
6,156,220
 
 
 
6,154,489
 
 
 
6,157,587
 
 
 
6,153,120
 

Selected Ratios

Return On Average Assets

 
 
0.53
%
 
 
0.67
%
 
 
0.63
%
 
 
0.59
%
 
 
0.57
%

Return On Average Equity

 
 
5.44
%
 
 
6.31
%
 
 
5.61
%
 
 
5.87
%
 
 
4.99
%

Efficiency Ratio

 
 
68.35
%
 
 
72.63
%
 
 
76.71
%
 
 
70.32
%
 
 
77.62
%

Capital

The Company and Bank continued to increase capital during the second quarter of 2020 through retained earnings and the issuance of subordinated debt, resulting in Bank regulatory capital ratios that exceed the minimums to be considered well-capitalized based on the regulatory definition. At June 30, 2020, the Bank's regulatory capital ratios (Leverage, Tier 1, and Total Risk-Based) were 9.24%, 12.01%, and 13.00%, respectively.

The Company issued $10 million of subordinated debt securities in April 2020. The debt securities bear interest at a fixed rate of 5.875% for five years from the date of issuance, after which they will bear interest at a floating rate and are redeemable at the option of the Company, subject to applicable regulatory requirements.

Balance Sheet and Credit Quality

Total Assets grew 15% to $551 million at June 30, 2020, compared to $479 million at March 31, 2020, and 24% year-to-date. Asset growth consisted primarily of increased loan balances and investment securities. Total loans increased by $27 million during the quarter, and $43 million year-to-date to $396 million at quarter end. Securities increased from $32 million at March 31, 2020 to $65 million at June 30, 2020.

Second quarter loan growth was concentrated primarily in PPP loan originations of $26 million. As a community bank, CCNB was proud to support our local community and small businesses by funding 275 PPP loans totaling $26 million. These loans remain on the Bank's balance sheet as forgiveness procedures continue to evolve. We anticipate a significant reduction in PPP loan balances over the remainder of the year as the SBA's forgiveness process materializes.

The Bank continues to fund its growth primarily through local core deposits. Total deposits grew 14% to $484 million at June 30, 2020, compared to $424 million at March 31, 2020, and 26% year-to-date. Bank-level checking and savings account balances increased by $43 million to $162 million during the quarter. The Bank is experiencing a positive shift in its deposit mix as checking and savings accounts represented 34% of the Bank's total deposit balances at quarter end. In addition to the Bank's continued focus on core deposit gathering, deposit balance increases were impacted by the retention of a portion of the Bank's PPP funding. General market conditions, including government stimulus and seasonality, also contributed to the Bank's deposit growth.

The Bank's asset quality metrics continued to hold strong at the end of the second quarter. The Bank's non-performing asset ratio as of June 30, 2020, was 0.32%, excluding TDRs and 0.50% with the inclusion of performing TDRs. Additionally, the Bank has no outstanding OREO property.

Due to the statewide "Stay at Home" order and other disruptions caused by COVID-19, the Bank demonstrated its support for its local communities by proactively offering temporary deferral and forbearance programs to customers who were, or expected to be, negatively impacted by the pandemic. Deferral requests (or interest only payment relief) were granted on loans totaling $78 million, which represented approximately 20% of the Bank's loan portfolio. At quarter end June 30, 2020, loan balances representing 13% of the loan portfolio remained in their initial deferral period. As of July 24, 2020 loans on deferral decreased to 3.7% of June 30, 2020 loan totals. Of the remaining deferral balances $4 million, or 1% of total loans, have requested and received an extension to their initial deferral period.

Income Statement

Net Interest Income

Net interest income increased 23% to $4.3 million for the quarter ended June 30, 2020, compared to $3.5 million for the prior year's second quarter ended June 30, 2019. Net interest income increased 12% when compared to $3.9 million reported during the most recent quarter ended March 31, 2020. Second quarter net interest income was buoyed by PPP income recognized during the quarter of $330 thousand and an increase in loan mark accretion of $118 thousand when compared to the most recent linked quarter.

The Bank's year to date net interest margin was 3.65% at June 30, 2020, compared to 3.63% at March 31, 2020. The increase in margin primarily resulted from the positive impact of PPP fee recognition and increased loan mark accretion in addition to the Bank's declining cost of deposits.

These positive impacts were largely offset by reductions in average loan yields and yields on liquid assets. Declining asset yields resulted primarily from the Federal Reserve rate decreases during the latter part of 2019 and first quarter of 2020. The Federal Reserve's target rate was reduced by 1.50% during March 2020 in response to the COVID-19 pandemic. Loan yields are also negatively impacted by low yielding PPP loan balances.

Noninterest Income

First-quarter noninterest income of $868 thousand increased by $302 thousand over the first quarter of 2020 which represents a 53% increase on a linked quarter basis. Noninterest income increased by $378 thousand or 77% when compared to the first quarter of 2019. The primary driver of this increase was an improvement in gain on sale of mortgage loans, which increased by $303 thousand when compared to the prior quarter, and $336 thousand when compared to the same quarter in 2019. The declining mortgage rate environment has resulted in increased refinance volume, which bolstered the existing strong mortgage pipeline resulting in record mortgage revenues for the Bank.

Contact:

Russell Vedder
Title: EVP/CFO
Phone: (843) 839-5662
Fax: (843) 839-5699
1012 38th Ave. North
Myrtle Beach, SC 29577
www.myccnb.com

SOURCE: Coastal Carolina National Bank

ReleaseID: 599432

VANCOUVER, BC / ACCESSWIRE / July 29, 2020 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) (the "Company" or "GGX") is pleased to provide an update on its 2020 exploration program at the Gold Drop property in the Greenwood Mining Camp.

A diamond drill has been moved to the property and is now being located on the first site. This hole will test an airborne geophysical anomaly that was identified to the company in 2019 by Earth Science Services Corporation of Oshawa, Ontario (ESSCO). This company is developing the proprietary Stargate II (SG II) Drill Target Modeling System, based on Acoustic EM analysis. SG II employs an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey (for more information see the ESSCO Website at: http://www.earthscienceservices.ca/index.php). As the system is in developmental / pre-commercial stage, its effectiveness is not fully known to GGX.

Stargate II surveys were performed by ESSCO over the Republic Graben trend in Washington and around Greenwood, B.C. in 2014/2015 at 1 km and 500 metre line spacings.

The geophysical anomaly on the Gold Drop property is large, measuring 1834 by 1377 metres. Its is centered at the intersection of three interpreted major fault conduit structural traces and is located along strike and to the north of the C.O.D. vein trend. Two of the interpreted "conduit-fault-structural traces" coincide with known trends of the C.O.D. vein and a NW-trending cross-fault systems.

Stargate II Anomaly Map:

GGX is excited to have the opportunity to trial this new technology. This will be the second hole to be drilled to test the method. Hole AMT19-01 was drilled to test the northern portion of the large anomaly. It was drilled to a depth of 718.8 metres (2,358 feet) and intersected strong magnetite mineralization, with two sections of high magnetic susceptibility (209 – 325 m and 478 – 597 m) as shown below.

Geochemical results from AMT19-01 indicate elevated copper, zinc and iron between 90.31 and 718.7 metres (628 metres). Copper values averaged 249 ppm Cu in 38 of 62 samples that contained 100 ppm or greater copper, with values ranging from 102 to 837 ppm Cu. The highest copper value was for a 0.32 metre sample at 714.06 metres depth, where sulphide mineralization (pyrrhotite and pyrite) was observed. Zinc averaged 175 ppm Zn in 48 of 62 samples containing ppm 100 or greater zinc, with values ranging from 102 to 572 ppm Zn. Iron averaged 10.0% Fe in 48 of 62 samples containing 5% or greater iron, with values ranging from 5.27 to 12% Fe.

Gold values were slightly elevated between 541.93 and 551.08 metres, with three consecutive 3.05 metre long samples that assayed 0.02, 0.06 and 0.03 ppm gold in an interval containing approximately 10 % magnetite. The highest gold value was for a 0.32 metre sample at 714.06 metres depth, where sulphide mineralization (pyrrhotite and pyrite) was observed. This interval (714.06-714.38 or 0.32m) assayed 0.09 ppm Gold.

The elevated values for gold, copper, zinc and iron are associated with calc-silicate altered rocks and magnetite mineralization in the drill core. These features are interpreted as weak, skarn-type replacement mineralization. Magnetite-bearing skarn-type copper-gold deposits are an important deposit type in the Greenwood camp, with the largest being the Phoenix and Motherlode deposits. The Phoenix produced 28,341 kg of gold, 183,036 kg of silver and 235,693 tonnes of copper and the Motherlode produced 6,648 kg gold, 22,083 kg silver, and 34,918 tonnes copper.

It is now interpreted that AMT19-01 was drilled into a down-dropped, northern block and that the southern block (where the drill will start this year) is a better location because the interpreted source of the anomaly lies closer to surface.

If successful, the test at the Gold Drop property could result in the discovery of a new gold deposit or even a new gold deposit type. It could also lead to further investigations utilizing the new geophysical technique in other areas of the Greenwood Mining Camp. View the Video at GGXGOLD

This field season began in June with development and implementation of protocols and measures to prevent and control the risk of transmission of COVID-19. Personnel received training and individual daily temperature self-monitoring was implemented. An inspection of the accommodations by the Ministry of Mines took place on June 26, with no concerns.

Initial field work has been focussed on preparation for trenching and drilling, with targets being marked out at the C.O.D. vein, Rhoderick Dhu, and Gold Drop mine areas. These areas will be trenched first and then drill tested if warranted. Previous drill holes and trenches from 2017 and 2018 at the COD were surveyed with a Trimble Geo7X instrument for sub-meter accuracy, and prospecting and rock sampling was initiated.

Photo of part of the Gold Drop Property showing the location of 2020 target areas.

Analytical results reported above were provided by ALS Laboratories in North Vancouver, BC., an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50 gram sub-samples, or by metallics sieve analyses. Quality control was monitored using analytical results for reference standards and blank samples inserted into the sample stream at a frequency of 5% each.

David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.

On Behalf of the Board of Directors
Barry Brown, CEO
604-488-3900
Office@GGXgold.com

Forward Looking Statement

This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes no obligation to update such statements, except as required by law.

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

SOURCE: GGX Gold Corp.

ReleaseID: 599412

SafeHandles developed an antimicrobial film (tapes and covers) to protect surfaces and continuously reduce the growth of certain microbes to ensure the product is clean and durable.

LAS VEGAS, NV / ACCESSWIRE / July 29, 2020 / Global House Holdings, Ltd. (OTC PINK:GHHH), announced today that the company (GPO Plus, Inc.) has entered into a Memorandum of Understanding (MOU) with California based SafeHandles, LLC (SafeHandles).

SafeHandles was created to provide a passive, non-invasive, replaceable, and affordable handle cover that maintains cleanliness and durability through their patented technology.

The MOU between SafeHandles and GPO Plus, Inc. will establish a United States distributor relationship with exclusive territories (US states) and industries to be finalized in the definitive agreement. The proposed definitive agreement includes the complete line of SafeHandles disinfecting products.

GHHH CEO Brett H. Pojunis states; "The relationship between GPO Plus and SafeHandles comes at an advantageous time for both companies while the current environment for safety and wellness has never been more favorable." Mr. Pojunis added, "we feel SafeHandles products will be well received by the public and together we are positioned for significant long term growth in this sector."

For more information please visit www.GPOPlus.com and sign up for our mailing list.

About GPO Plus, Inc.
Headquartered in Las Vegas, Nevada, GPOPlus+ (OTC PINK:GHHH) is a fully reporting publicly traded global holding company of industry-specific Group Purchasing Organizations (GPO). ​The main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services.​

For more information please visit www.GPOPlus.com/investors and sign up for our mailing list.

About SafeHandles, LLC.
SafeHandles was created to provide a passive, non-invasive, replaceable, and affordable handle covers that maintains cleanliness and durability. These custom-fit heat shrink sleeves and adhesive tapes create a durable film in high traffic and common-use areas to provide a cleaner handle. SafeHandles film incorporates an EPA-registered pesticide to inhibit the growth of certain microbes that may affect the product. The silver technology in SafeHandles film works continuously to protect the product from damaging bacteria and fungi to ensure the product is clean and durable.

Information about Forward-Looking Statements

This press release contains "forward-looking statements" that include information relating to future events. 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: inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Global House Holdings, Ltd., please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. 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.

GPO Plus, Inc.'s Contact:

Investor Inquiries:

Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Office: 702.840.1021

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SOURCE: Global House Holdings, Ltd.

ReleaseID: 599410