Monthly Archives: August 2020

Jaguar Health to Host Investor Call August 13th at 8:30 a.m. Eastern Regarding Q2 2020 Financials and Business Updates

Company Plans to File Q2 2020 10-Q on August 13, 2020

Save the Date: Company to host virtual disease awareness event on October 20, 2020 focused on cancer therapy-related diarrhea

SAN FRANCISCO, CA / ACCESSWIRE / August 11, 2020 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") today announced that Company management will host a conference call on Thursday, August 13, 2020 at 8:30 a.m. Eastern Time to review second-quarter 2020 financials and provide business updates.

Dial-In Instructions for Investor Call

When: Thursday, August 13, 2020 at 8:30 a.m. Eastern Time

Dial-in (US Toll Free): 800-289-0438

Dial-in (International): 323-794-2423

Conference ID number: 1021156

Live webcast on the investor relations section of Jaguar's website (click here)

Replay Instructions for Investor Call

Dial-in (US Toll Free): 844-512-2921

Dial-in (International): 412-317-6671

Replay Pin Number: 1021156

Replay of the webcast on the investor relations section of Jaguar's website (click here)

SAVE THE DATE:

Virtual Diarrhea Dialogues Disease Education Event Scheduled for October 20, 2020

Jaguar is planning to host a virtual "Diarrhea Dialogues" disease education event on Tuesday, October 20, 2020. Leading oncologists, patient advocates, and supportive care experts will address the importance of supportive care for people related to chronic lower GI tract distress, specifically with regard to debilitating diarrhea experienced as a result of cancer therapy. Jaguar will be issuing further details regarding the event, along with information about how to register to participate, as we get closer to the October date.

About Jaguar Health, Inc. and Napo Pharmaceuticals, Inc.

Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused on developing novel, plant-based, non-opioid, and sustainably derived prescription medicines for people and animals with GI distress, specifically chronic, debilitating diarrhea. Our wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human gastrointestinal pharmaceuticals from plants harvested responsibly from rainforest areas. Our Mytesi® (crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy and the only oral plant-based prescription medicine approved under FDA Botanical Guidance.

For more information about Jaguar, please visit https://jaguar.health. For more information about Napo, visit www.napopharma.com.

About Mytesi®

Mytesi® (crofelemer) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi® is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi®. If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo were upper respiratory tract infection (5.7%), bronchitis (3.9%), cough (3.5%), flatulence (3.1%), and increased bilirubin (3.1%).

More information and complete Prescribing Information are available at Mytesi.com. Crofelemer, the active ingredient in Mytesi®, is a botanical (plant-based) drug extracted and purified from the red bark sap of the medicinal Croton lechleri tree in the Amazon rainforest. Napo has established a sustainable harvesting program for crofelemer to ensure a high degree of quality and ecological integrity.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements." These include statements regarding the expectation that Jaguar will host a conference call on August 13, 2020, the expectation that the Company will file its quarterly report on Form 10-Q on August 13, 2020 for the quarterly period ended June 30, 2020, and the expectation that the Company will host a virtual "Diarrhea Dialogues" disease education event on Tuesday, October 20, 2020. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "aim," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar's control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Contact:

Peter Hodge
Jaguar Health, Inc.
phodge@jaguar.health
Jaguar-JAGX

SOURCE: Jaguar Health, Inc.

ReleaseID: 601070

Lightwave Logic Provides Second Quarter 2020 Corporate Update

ENGLEWOOD, CO / ACCESSWIRE / August 11, 2020 / Lightwave Logic, Inc. (OTCQB:LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, today provided a corporate update in conjunction with the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30, 2020.

Recent Company Highlights:

Announced breakthrough test results for the Company's latest electro-optic polymer material, which exceeded target performance at 1310 nanometers, a wavelength commonly used in high-volume datacenter fiber optics.
Appointed Dr. Frank So, a leading authority in polymer-based OLEDs, to the Company's advisory board to enhance Lightwave's product positioning and promotion efforts.
Chief Executive Officer Dr. Michael Lebby gave a virtual keynote address at the SPIE Photonics Digital Forum in April 2020, providing an industry perspective on how fast and low power electro-optic polymer optical devices are ideally positioned for the next-generation internet.
Launched the company's new corporate and IR website reflecting ongoing efforts to provide up-to-date information for investors and potential strategic partners which includes helpful tools and investor relations resources, including a new corporate explainer video, to illustrate the target markets and advantages of Lightwave Logic's proprietary electro-optic polymers.
Management is scheduled to present and host 1×1 meetings with investors at the LD 500 Virtual Investor Conference, hosted by LD Micro on September 1-4, 2020.

The full text of the Company's Quarterly Report on Form 10-Q for the second quarter ended June 30, 2020 was filed with the SEC on August 10, 2020 and can be found here.

Management Commentary

"The first quarter of 2020 was marked by our continued advancement of our proprietary electro-optic polymers, incorporating feedback from potential partners to drive our technology closer to commercialization," said Michael Lebby, Chief Executive Officer of Lightwave Logic. "We have, and will continue, to focus on materials innovation and speed of our modulators, which brings us one step closer to future integration of our technology.

"From a thought leadership perspective, we continue to gain mindshare with key industry players – most recently through my virtual keynote address at the SPIE Photonics Digital Forum in April 2020. During that event, I discussed how polymer optimal devices, such as ours, are the clear choice for next-generation internet infrastructure given their ability to operate at lower voltages with improved signal quality. We were also fortunate to have our article on the benefits of EO polymers featured in Photonics Media, a leading industry trade publication.

"I look forward to continued progress in the months ahead as well advancing our development of prototypes and enhanced performance both at 1310 as well as 1550nm optical wavelengths. We continue to focus on creating sustainable value for our shareholders over the long-term," concluded Lebby.

About Lightwave Logic, Inc.

Lightwave Logic, Inc. (OTCQB: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power. The Company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the Company's website at lightwavelogic.com.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and Form 10-Q; other risks to which our Company is subject; other factors beyond the Company's control.

Investor Relations Contact:
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America
949-385-6449
LWLG@mzgroup.us
www.mzgroup.us

SOURCE: Lightwave Logic, Inc.

ReleaseID: 600800

ReelTime VR to File Material Child Patent with New and Different Disclosures and Claims Under Parent Application Broadening the Scope and Enforceability of ReelTimes Revolutionary Simultaneous Spherical Panorama Image and Video Capturing System Patent

SEATTLE, WA / ACCESSWIRE / August 11, 2020 / ReelTime VR (OTCPK:RLTR) confirmed that it is in the process of filing a child patent application under the ReeelTimes Parent Patent which it received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for their non-provisional patent pending application covering apparatus and method claims for technology involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Video.

The USPTO Notice regarding the application No. 15/654,613 titled "Simultaneous Spherical Panorama Image and Video Capturing System" states that "the application identified above has been examined and is allowed for issuance as a Patent." The Final granted Patent is expected to be issued shortly following the Child Patent Application depending on the USPTO's schedule and workload.

J.D. Houvener, CEO of Bold Patents and author of "Bold Ideas," stated: "It is very exciting to have been involved from the onset through the patent process with what may prove to be a very significant patent in a rapidly emerging market. The Child Patent Application is intended to further broaden the scope of the claims contained in the Parent, strengthen the enforceability against identified infringements, and such claims and disclosures shall benefit from the priority date of the Parent Patent."

Barry Henthorn, CEO of ReelTime, stated: "Bold Patents takes a very personal approach to the patent process to ensure the strongest protection possible. We are thrilled to have them at the forefront of protecting our IP and we are very confident in the breadth of knowledge and attention to detail they bring to the table in protecting our intellectual property."

This technology allows any cell phone or other camera to instantaneously capture 360 X 360 Virtual Reality Video or pictures without any need for stitching. The VR content is compatible with and can be shared via 360 capable social sites in real time such as Facebook, or YouTube, and on any professional VR platform such as Oculas, Gear VR, Veer VR, Playstation VR, Littlstar, and the HTC Vive.

The Patent application submitted 7/19/2017, successfully claims priority back to an earlier-filed provisional patent application to July 19, 2016. By linking a child to a parent through a priority claim, the child application benefits from the priority date of the parent.

The Simultaneous Spherical Panorama Image and Video Capturing System (code-named the "Periramascope"), as described in the pending patent application as a "360-degree image and capturing system having no lenses, a single lens, or a plurality of lenses. The device directs light from a sphere surrounding the device to a single reflected aggregate image that is then transformed into a full 360 X 360 spherical image or any subset thereof…"

Be sure to move your mouse to look around in 360 VR.

About Bold Patents Expertise in Patent Law: www.boldip.com – Our main focus is to help inventors and business owners secure top-quality patents on their inventions. The process of getting a patent from the United States Patent and Trademark Office (USPTO) is called ‘patent prosecution', and that is our primary focus at Bold Patents. For many inventors and emerging businesses, protecting patents (as well as other areas of intellectual property) is a big deal and often causes a lot of stress and anxiety. Our goal at Bold Patents is to take the stress and worry off your shoulders and put it squarely on ours!

About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded company based in Seattle, WA (OTC PINK:RLTR). ReelTime Media provides end to end production capabilities and discount media purchasing that is redefining how companies are evaluating and purchasing their TV, radio, print, and other new media. ReelTime is also is in the business of developing, producing, and distributing Virtual Reality Content and technologies. We have an end to end production, editing, and distribution capabilities for internal and external projects. ReelTime Currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and others. ReelTime Media also publishes the book "It Was Always Me Edward Edwards the most Prolific Serial Killer of all time" which has been the subject of a cover story on People Magazine, Rolling Stone, In Touch, and a six-part series on Paramount network, www.itwasalwaysme.com.

Contact:

Barry Henthorn
ceo@reeltime.com

SOURCE: ReelTime Rentals Inc

ReleaseID: 601104

Smith-Midland Announces Second Quarter 2020 Results

Company reports 600 basis point improvement in Gross Margin over the first quarter 2020, or 43%
Earnings Per Share increases 50% compared to the prior year second quarter
Barrier Rental Revenue increases 56% over the prior year second quarter

MIDLAND, VA / ACCESSWIRE / August 11, 2020 / Smith-Midland Corporation (the Company) (OTCQX:SMID), which develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries, today announced results for the quarter ended June 30, 2020.

Second Quarter 2020 Results

The Company reported second quarter revenues of $10.5 million, a 4% decrease from the prior-year quarter. Gross margin for the quarter was 20%, an increase of 300 basis points from the second quarter of 2019. Pre-tax income for the second quarter of 2020 was $571,000 compared to pre-tax income of $374,000 in 2019, an increase of $197,000. Net income for the second quarter increased 53% to $441,000, as compared to net income of $288,000 in same quarter a year ago. Diluted earnings per share for the quarter were $0.09, compared to $0.06 in the second quarter of 2019.

Six Months 2020 Results

The Company reported six month revenues of $20.3 million for 2020, a 3% decrease from the same period in the prior year. Pre-tax income for the first half of 2020 was $522,000 compared to pre-tax income of $813,000 in same period of 2019, a decrease of $291,000. Net income for the first half of 2020 was $403,000, compared to net income of $628,000 in first half of 2019. Diluted earnings per share were $0.08 for the first half of 2020, compared to $0.12 for the first six months of 2019.

CEO Commentary

"We are pleased with our second quarter results, showing both an improvement to gross margin and net income despite the impact of the COVID-19 pandemic that we are facing," said Ashley Smith, President and CEO of Smith-Midland. "The significant increase in rental revenue, which carries higher margins than product sales, helped improve gross margin by 600 basis points over the first quarter 2020 and contributed to our bottom-line. This improvement exemplifies the execution of our long-term strategy moving towards barrier rentals as compared to barrier sales.

"The Company was impacted during the second quarter due to the COVID-19 pandemic. Manufacturing experienced manpower challenges as associates were unable to work, therefore reducing production volumes. Currently, there is minimal workforce impact and production has resumed as scheduled. However, there is still significant uncertainty surrounding the impact of the COVID-19 pandemic with respect to funding projects, production volumes, and the overall economy. Smith-Midland is closely monitoring the current and potential future impacts of the pandemic on its operations, employees, customers, and supply chain. The Company continues to follow virus-prevention protocols consistent with the recommendations provided by the U.S. Centers for Disease Control and Prevention."

"The increase to our rental fleet at the end of 2019 has proven extremely beneficial for the Company through the first six months of 2020," Mr. Smith continued. "We delivered on the $1.1 million rental contract on I-81, and have also established the largest rental backlog in the Company's history. Despite the current pandemic, we are optimistic for the remainder of the year, and into 2021, with the current backlog, sizeable project bids, and expected awards on various projects in our markets."

Balance Sheet and Liquidity

As of June 30, 2020, the Company had cash and investments totaling $5.6 million, with accounts receivable of $10.8 million. Total outstanding debt on notes payable increased to $8.0 million at the recent quarter end, with the Company receiving a loan under the Paycheck Protection Plan in the amount of $2.7 million during the second quarter of 2020.

About Smith-Midland

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries. Management and the Board own approximately 17.5% of SMID stock, aligning with shareholder values.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, the risk that the COVID-19 outbreak may significantly adversely affect future operations, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, our debt exposure, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Condensed Consolidated Statements of Operations
(in thousands, except per share data)

 

 

Three Months Ended

June 30,

 
 

Six Months Ended

June 30,

 

 

 
2020
 
 
2019
 
 
2020
 
 
2019
 

Revenue

 
 
 
 
 
 
 
 
 
 
 
 

Product sales

 

6,699
 
 

7,327
 
 

13,550
 
 

14,831
 

Barrier rentals

 
 
907
 
 
 
582
 
 
 
1,650
 
 
 
1,163
 

Royalty income

 
 
413
 
 
 
429
 
 
 
681
 
 
 
735
 

Shipping and installation revenue

 
 
2,431
 
 
 
2,514
 
 
 
4,394
 
 
 
4,312
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total revenue

 
 
10,450
 
 
 
10,852
 
 
 
20,275
 
 
 
21,041
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Cost of goods sold

 
 
8,073
 
 
 
8,696
 
 
 
16,297
 
 
 
16,663
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Gross profit

 
 
2,377
 
 
 
2,156
 
 
 
3,978
 
 
 
4,378
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Operating expenses

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

General and administrative expenses

 
 
1,230
 
 
 
1,143
 
 
 
2,282
 
 
 
2,350
 

Selling expenses

 
 
574
 
 
 
640
 
 
 
1,164
 
 
 
1,207
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total operating expenses

 
 
1,804
 
 
 
1,783
 
 
 
3,446
 
 
 
3,557
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Operating income (loss)

 
 
573
 
 
 
373
 
 
 
532
 
 
 
821
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Other income (expense)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Interest expense

 
 
(57
)
 
 
(40

 
 
(113
)
 
 
(85
)

Interest income

 
 
9
 
 
 
11
 
 
 
17
 
 
 
21
 

Gain on sale of assets

 
 
30
 
 
 
10
 
 
 
66
 
 
 
12
 

Other income

 
 
16
 
 
 
20
 
 
 
20
 
 
 
44
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total other income (expense)

 
 
(2)
 
 
 

 
 
 
(10)
 
 
 
(8)
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Income (loss) before income tax expense (benefit)

 
 
571
 
 
 
374
 
 
 
522
 
 
 
813
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Income tax expense (benefit)

 
 
130
 
 
 
86
 
 
 
119
 
 
 
185
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Net income (loss)

 

441
 
 

288
 
 

403
 
 

628
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Basic and diluted earnings (loss) per common share

 

0.09
 
 

0.06
 
 

0.08
 
 

0.12
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Weighted average number of common shares outstanding:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Basic

 
 
5,184
 
 
 
5,134
 
 
 
5,184
 
 
 
5,134
 

Diluted

 
 
5,184
 
 
 
5,143
 
 
 
5,184
 
 
 
5,141
 

Condensed Consolidated Balance Sheets
(in thousands)

ASSETS

 

June 30,

2020

(Unaudited)

 
 

December 31,

2019

 

Current assets

 
 
 
 
 
 

Cash

 

4,404
 
 

1,364
 

Investment securities, available-for-sale, at fair value

 
 
1,189
 
 
 
1,176
 

Accounts receivable, net

 
 
 
 
 
 
 
 

Trade – billed (less allowance for doubtful accounts of $401 and $333), including contract retentions

 
 
10,757
 
 
 
12,723
 

Trade – unbilled

 
 
502
 
 
 
310
 

Inventories, net

 
 
 
 
 
 
 
 

Raw materials

 
 
642
 
 
 
488
 

Finished goods

 
 
1,466
 
 
 
1,754
 

Prepaid expenses and other assets

 
 
845
 
 
 
784
 

Refundable income taxes

 
 
296
 
 
 
432
 

 

 
 
 
 
 
 
 
 

Total current assets

 
 
20,101
 
 
 
19,031
 

 

 
 
 
 
 
 
 
 

Property and equipment, net

 
 
19,240
 
 
 
17,735
 

 

 
 
 
 
 
 
 
 

Deferred buy-back lease asset, net

 
 
4,655
 
 
 
5,042
 

 

 
 
 
 
 
 
 
 

Other assets

 
 
335
 
 
 
307
 

 

 
 
 
 
 
 
 
 

Total assets

 

44,331
 
 

42,115
 

Condensed Consolidated Statements of Cash Flows
(in thousands)

 

 
Six Months Ended June 30,
 

 

 
2020
 
 
2019
 

Cash flows from operating activities:

 
 
 
 
 
 

Net income (loss)

 

403
 
 

628
 

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

 
 
 
 
 
 
 
 

Depreciation and amortization

 
 
1,180
 
 
 
873
 

Gain on sale of assets

 
 
(66
)
 
 
(12
)

Unrealized (gain) loss

 
 
(3
)
 
 
(14
)

Allowance for doubtful accounts

 
 
68
 
 
 
56
 

Stock compensation

 
 

 
 
 
154
 

Deferred taxes

 
 
3
 
 
 
(90
)

(Increase) decrease in

 
 
 
 
 
 
 
 

Accounts receivable – billed

 
 
1,898
 
 
 
1,141
 

Accounts receivable – unbilled

 
 
(192
)
 
 
1,046
 

Inventories

 
 
134
 
 
 
557
 

Prepaid expenses and other assets

 
 
(101
)
 
 
(41
)

Refundable income taxes

 
 
136
 
 
 
697
 

Increase (decrease) in

 
 
 
 
 
 
 
 

Accounts payable – trade

 
 
(62
)
 
 
(1,653
)

Accrued expenses and other liabilities

 
 
186
 
 
 
(426
)

Deferred revenue

 
 
(6
)
 
 
345
 

Accrued compensation

 
 
(190
)
 
 
(734
)

Deferred buy-back lease obligation

 
 
(555
)
 
 
36
 

Customer deposits

 
 
(251
)
 
 
(417
)

Net cash provided by (used in) operating activities

 
 
2,582
 
 
 
2,136
 

Cash flows from investing activities:

 
 
 
 
 
 
 
 

Purchases of investment securities available-for-sale

 
 
(15
)
 
 
(16
)

Purchases of property and equipment

 
 
(2,326
)
 
 
(1,996
)

Deferred buy-back lease asset

 
 

 
 
 
(361
)

Proceeds from sale of fixed assets

 
 
71
 
 
 
7
 

Net cash provided by (used in) investing activities

 
 
(2,270
)
 
 
(2,366
)

Cash flows from financing activities:

 
 
 
 
 
 
 
 

Proceeds from the line-of-credit construction draw

 
 

 
 
 
500
 

Proceeds from long-term borrowings

 
 
5,426
 
 
 
49
 

Repayments of long-term borrowings

 
 
(2,416
)
 
 
(343
)

Dividends paid on common stock

 
 
(282
)
 
 
(281
)

Net cash provided by (used in) financing activities

 
 
2,728
 
 
 
(75
)

Net increase (decrease) in cash

 
 
3,040
 
 
 
(305
)

Cash

 
 
 
 
 
 
 
 

Beginning of period

 
 
1,364
 
 
 
1,946
 

End of period

 

4,404
 
 

1,641
 

 

 
 
 
 
 
 
 
 

Supplemental Cash Flow information:

 
 
 
 
 
 
 
 

Non-cash transaction – right of use asset and lease liability upon lease standard adoption

 


 
 

414
 

Cash payments for interest

 

113
 
 

85
 

Cash payments for income taxes

 

1
 
 

35
 

For more complete information on Smith-Midland Corporation, visit the Company's website at SMITHMIDLAND.com. The "Investor Relations" area will include the Company's Form

10-K.

Media Inquiries:

AJ Krick, CFO
540-439-3266
investors@smithmidland.com

Sales Inquiries:
info@smithmidland.com

SOURCE: Smith-Midland Corporation

ReleaseID: 601112

GlobeX Data Signs Agreement with Prime Technology Services Ltd. in The Bahamas

TORONTO, ON / ACCESSWIRE / August 11 2020 / GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) ("GlobeX" or the "Company"), the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, is pleased to announce that it has signed its second distribution agreement in the Commonwealth of The Bahamas. The agreement was signed with Prime Technology Services Ltd. of Nassau, Bahamas.

This is the second distribution agreement signed by GlobeX in the Bahamas, as the Company is increasing its footprint in anticipation of its Sekur solution launch. Prime Technology Solutions was introduced to GlobeX by its Exclusive Master Distributor, Sebastian Alliance Group LLC.

Alain Ghiai, CEO of GlobeX Data said: "We are very pleased to have signed up Prime Technology Services as we are expanding our footprint in the Bahamas. The Bahamas is one of the world's most important financial centers and it is important for GlobeX to be present and offer our secure communications and data protection solutions to financial institutions and other data sensitive businesses and government institutions. Recently, we have been honored with the prestigious distinction of 50 Best Companies to Watch 2020 by The Silicon Review and this is a testament to our relentless efforts to achieve technological excellence and our dedication to provide the best solutions for security and privacy of data and communications. We are excited to bring this technology to The Bahamas and we will continue to work hard in order to implement our prime directive, which is to protect the data and communications of all our subscribers.

GlobeX's Data privacy solutions are all hosted in Switzerland, protecting users' data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution. The Federal Act on Data Protection ("FADP") of 19 June 1992 (in force since 1993) has set up a strict protection of privacy by prohibiting virtually any processing of personal data which is not expressly authorized by the data subjects. The protection is subject to the authority of the Federal Data Protection and Information Commissioner.

Under Swiss federal law, it is a crime to publish information based on leaked "secret official discussions." In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved.

About GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.

On behalf of Management

GLOBEX DATA LTD.

Alain Ghiai
President and Chief Executive Officer
+1.416.644.8690
corporate@globexdatagroup.com

For more information please contact GlobeX Data at corporate@globexdatagroup.com or visit us at https://globexdatagroup.com.

For more information on Sekur visit us at: https://www.sekur.com.

Forward Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guaranteeing future performance. GlobeX cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond GlobeX's control. Such factors include, among other things: risks and uncertainties relating to the future of the Company's business; the success of marketing and sales efforts of the Company; the projections prepared in house and projections delivered by channel partners; the Company's ability to complete the necessary software updates; increases in sales as a result of investments software development technology; consumer interest in the Products; future sales plans and strategies; reliance on large channel partners and expectations of renewals to ongoing agreements with these partners; anticipated events and trends; the economy and other future conditions; and other risks and uncertainties, including those described in GlobeX's prospectus dated May 8, 2019 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GlobeX undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: GlobeX Data Ltd.

ReleaseID: 601126

Nascent Biotech Reduces Liabilities by Over 1.8 Million Dollars

SAN DIEGO, CA / ACCESSWIRE / August 11, 2020 / Nascent Biotech, Inc. (OTCQB:NBIO) Announced today that It has significantly reduced its liabilities through stock conversion and payment of accrued liabilities. The reduction was achieved through the conversion of $1,600,000 in debt to equity and the payment of over $200,000 of liabilities.

Nascent's CFO Lowell Holden stated, "I believe the Company has continued to be undervalued and the debt reduction allows the Company to invest funds into opening the clinical trials for brain cancer.

Nascent's CEO Sean Carrick added," Shareholder confidence in the Senior Management team and the Company's asset along with this significantly reduce of Company debt will help to move our assets forward. This reduction of debt should result in a positive market impact, as Nascent continues to monetize its assets."

About Nascent Biotech, Inc.:

Nascent Biotech, Inc. (OTCQB: NBIO) is a clinical-stage biotech company pioneering the development of monoclonal antibodies (mAbs) for the treatment of incurable cancers such as brain and pancreas, as well as hard-to-treat cancers such as colon and lung. Nascent is also employing its mAbs as part of treatments for dangerous viral infections, such as COVID-19. Collectively, cancers and viral infections afflict and kill tens of millions worldwide each year. Nascent's products are not commercially available. Our lead candidate, Pritumumab (PTB), is a fully-human mAb that will commence study in an FDA-approved Phase I clinical trial later this year for the treatment of primary and metastatic brain cancer, including glioblastoma and malignant astrocytoma. Development of PTB as a potential treatment for COVID-19 has been initiated. For more information, visit www.nascenbiotech.com.

Safe Harbor:

Statements in this press release about our future expectations constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, Nascent Biotech Inc's ability to target the medical professionals; Nascent Biotech Inc's ability to raise capital; as well as other risks. Additional information about these and other factors may be described in the Nascent Biotech Inc's Form 10, filed on May 2, 2015, and future subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other 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 other jurisdiction.

Contact: Nascent Biotech Inc.

Sean Carrick
President | CEO
Nascent Biotech, Inc.
6330 Nancy Ridge Dr
Suite 105
San Diego CA 92121
772.713.0541 Cell
sean.carrick@nascentbiotech.com

SOURCE: Nascent Biotech Inc.

ReleaseID: 601103

Strategic Integration Drives Readership and Subscriber Growth at MediaCentral

Publishing House continues to introduce digital strategies to build profitable sustainable media brands
MediaCentral's CannCentral and ECentralSports acquired an average increase of 32.25 per cent in referral readers and 11 per cent more email subscribers from Straight.com

TORONTO, ON / ACCESSWIRE / August 11, 2020 / Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT) ("MediaCentral" or the "Company") today announces that two of its outlets, CannCentral and ECentralSports ("ECentral") have now become fully integrated into MediaCentral's west coast urban Vancouver publication, Georgia Straight ("Straight). The integration of the three websites allows the established and loyal Straight reader to indulge in trending ESport and cannabis content.

Following the integration of the publications, MediaCentral saw an increase of 16 per cent referral readers from the Straight to CannCentral while ECentral saw a 48.5 per cent increase. Additionally, there was an 11 per cent increase in email subscribers. Regarding readership, both CannCentral and ECentral have seen an increase in users from the United States. CannCentral has 21.99 per cent Canadian users and 64.92 per cent American, with ECentral reporting 50.60 per cent Canadian and 35.89 per cent American.

Announced in May 2020, MediaCentral began an automated marketing platform that unified MediaCentral's diverse publications and targeted its 6.5 million audience. As a result, an almost 400 per cent month over month increase in programmatic ad revenue for NOW Magazine ("NOW") and the Straight in April 2020 was realized. ECentral and CannCentral have now been integrated into the unified marketing automation platform in a strategic effort to continue to monetize MediaCentral's substantial readership.

"Our goal at MediaCentral is to continue to serve our community of 6.5 million readers across Canada, while progressing efforts to grow readership and implement smart digital tactics that grow profitability," said Anton Tikhomirov Senior Vice President, Technology and Architecture of MediaCentral. "The integration of CannCentral and ECentral's top articles into the Straight was a strategic decision we made to leverage the strong audience of the Straight and display what our niche outlets were covering. Based on our research and data, we knew that our readers would be interested in cannabis and ESports content.The integration also served as a tactical way to expand our content across various channels, leaning into MediaCentral's omnichannel approach."

CannCentral and ECentralSports will continue to deliver the latest updates on trending, relevant and authentic news from their award-winning editorial teams, with additional pickup from the Straight.

About Media Central Corporation Inc.

Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT) is an alternative media company situated to acquire and develop high-quality publishing assets starting with the recent acquisition of Vancouver Free Press Corp., the purchase of NOW Communications Inc. and the launch of digital cannabis platform CannCentral.com and ESports outlet ECentralSports.com. MediaCentral is consolidating and digitally monetizing the over 100 million coveted and premium consumers of the approximately 100 alternative urban publications across North America, creating the most powerful audience of influencers.
www.mediacentralcorp.com
Instagram: @mediacentralcorp
Twitter: @mediacentralc
Facebook: Media Central Corp.

About Vancouver Free Press Corp.,
Vancouver Free Press Corp., owns and operates Georgia Straight and straight.com. Established in 1967 as the news, lifestyle, and entertainment weekly in Vancouver, the Georgia Straight has been an integral part of the active urban West Coast lifestyle for over 50 years. Reaching over 56 million annual readers, every Thursday in print, and every day at straight.com, Georgia Straight delivers an award-winning editorial package of features, articles, and reviews. Regular coverage includes news, tech, arts, music, fashion, travel, health, cannabis, and food, plus Vancouver's most comprehensive listings of entertainment activities and special events. Vancouver Free Press Corp. is a wholly owned subsidiary of Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT).

www.straight.com
Instagram: @georgiastraight
Twitter: @georgiastraight
Facebook: @georgiastraight

About NOW Central Communications Inc.

NOW Central owns and operates NOW Magazine and nowtoronto.com. Since 1981 NOW has been Toronto's news and entertainment voice, published in print every Thursday, and daily at nowtoronto.com. Reaching over 25 million annual readers, NOW has been a leading publication, defining and pioneering the independent and alternative voice for more than 38 years. NOW Central Communications Inc. is a wholly owned subsidiary of Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT).

www.nowtoronto.com
Instagram: @nowtoronto
Twitter: @nowtoronto
Facebook: facebook.com/nowmagazine

About CannCentral Inc.

With unique daily content appealing to both new and experienced cannabis consumers, Canncentral is poised to become the leading digital publisher for all things cannabis. Presenting authentic news and lifestyle content through a verified lens, Canncentral is emerging as an industry leading authority on knowledge, product and insight for cannabis enthusiasts, patients and investors around the world. Canncentral Inc. is a wholly owned subsidiary of Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT).

About ECentralSports

ECentralSports is a dynamic digital destination for eSports fans in search of the latest in news, competitive gaming coverage, analysis, events, lifestyle features and gaming culture. With a strong focus on covering cultural, artistic, and social subjects from deep within the esports world, ECentral provides the ultimate insider guide to the industry. ECentralSports is a wholly owned subsidiary of Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT).

https://ecentralsports.com/
Instagram: @ecentralsports
Twitter: @ecentralsports
Facebook: @ecentralsports

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release may include, but are not limited to, statements with respect to internal expectations, expectations with respect to estimated margins, cost structures, and cost structures in the media industry. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the media industry generally, income tax and regulatory matters; the ability of MediaCentral to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

Readers are cautioned that the foregoing list is not exhaustive and should carefully review the various risks and uncertainties identified in the Company's filings on SEDAR. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

For further information:

Investor Relations:
Investors@mediacentralcorp.com

Media:
Faulhaber Communications, Lexi Pathak, media@mediacentralcorp.com

www.mediacentralcorp.com

SOURCE: Media Central Corporation Inc.

ReleaseID: 600775

High Tide Resources, a Subsidiary of Avidian Gold, Commences Verification Drill Program at its Labrador West Iron Ore Property

TORONTO, ON / ACCESSWIRE / August 11, 2020 / High Tide Resources Corp. ("High Tide or the Company") is pleased to announce that the Company has commenced verification drilling at its 2,475 hectare Labrador West Iron Ore Property (‘The Property or Project") near Labrador City, Newfoundland. High Tide is a majority controlled private subsidiary of Avidian Gold Corp ("Avidian")(TSXV:AVG).

The Property has been subjected to advanced exploration techniques by Rio Tinto Exploration including airborne and ground geophysics, mapping, metallurgical test-work and diamond drilling. Between 2010 and 2012 Rio Tinto drilled 18 diamond drill holes totaling 4,227 metres, intersecting significant iron mineralization in multiple drill holes highlighted by hole 11LB0027, which yielded 279 metres at 29.8% Fe, including 157 metres at 31.9% Fe and 90 metres at 31.9% Fe*.

High Tide's President and VP of Exploration Steve Roebuck states: "Over the past year only iron ore has kept pace with gold as the best-performing major commodity as prices have topped the $115/tonne for 62% Fe. This is a very prospective, well located iron ore property and we are excited to begin the verification drill program. Rio Tinto's excellent work has de-risked the Project on many levels by delineating the general boundaries of the deposit through 18 drill holes and equally important completing the preliminary metallurgy which suggests we have good potential to produce a high-quality, low-impurity + 62% iron concentrate at reasonable grind sizes. We already know where to drill and our Phase One drill program will pick up where Rio Tinto left off with verification drilling in the core area that will lay the foundation for a resource estimate."

The Company has an initial plan to drill four holes and up to 1,200 metres of NQ-sized core in Phase One (see Figures 1 & 2 for Project and drill hole location).

The Company would also like to acknowledge and thank the Department of Natural Resources for its financial assistance through the Junior Exploration Assistance Program. The Government of Newfoundland and Labrador's continued support of the mining and exploration industry during these challenging times is greatly appreciated.

High Tide Resources is following the Government of Newfoundland and Labrador Public Health COVID-19 guidelines with the safety of its workers and community as its main priority.

*See Altius press release dated March 27, 2012 titled "Altius Provides Update on Selected Iron Ore Projects in Labrador West" (http://altiusminerals.com/press-releases/view/254). True width is unknown at this time. These results are historic in nature and have not been independently verified by High Tide or by a qualified person as per NI 43-101 and the Standards of Disclosure for Mineral Projects.

Iron Ore and the Western Labrador Trough Infrastructure Advantage

The Labrador Trough of western Labrador and adjoining Quebec constitutes Canada's premier iron ore district and is host to world-class deposits that have been mined for half a century producing over 2 billion tonnes of iron ore with significant growth potential. The high quality of the deposits in the region allows for a wide range in product diversity, which includes lump, premium fines, concentrate and pellet grades.

The Property is strategically located near the mining towns of Wabush and Labrador City in the province of Newfoundland & Labrador and Fermont in Quebec. The area is home to the shovel-ready Kami Deposit, Champion Iron Ore's Bloom Lake Mine, Arcelor Mittal's Mont-Wright Mine, Tacora Resources' Scully Mine, the Julienne Lake Deposit and Rio Tinto IOC's Carol Lake Mine.

The region is very well served with skilled labour, a paved highway as well as access to abundant low-cost hydroelectricity, and a common carrier railway with a currently under-utilized 80 million tonnes per year capacity allowing iron ore products to be delivered to the deep-water port of Sept Isles, Quebec providing year-round access to global markets.

Figure 1 – Project location map

Figure 2 – Core area in yellow showing historic and proposed drill holes.

About High Tide Resources Corp.

High Tide is a private corporation that is focused on and committed to the development of advanced-stage mineral projects within Canada using industry best practices combined with a strong social license from local communities. It has a disciplined and veteran team of technical and business-oriented professionals that is advancing its Labrador West iron ore property, Strickland base metal property and Black Raven gold property, all located in Newfoundland & Labrador, Canada. High Tide is majority owned by Avidian Gold Corp.

Technical

The technical information within this document has been reviewed and approved by Mr. Steve Roebuck, P.Geo. Mr. Roebuck is a Qualified Person as defined in NI 43-101.

For further information, please contact:

Steve Roebuck

High Tide President & VP Exploration

Mobile: (905) 741-5458

Email: sroebuck@avidiangold.com

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 news release.

Forward-looking information

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

SOURCE: Avidian Gold Corp.

ReleaseID: 601066

Capstone Turbine (NASDAQ:CPST) New York Distribution Partners’ Customers Power Through Tropical Storm Isaias

Only Superstorm Sandy Caused More Power Outages Than Tropical Storm Isaias, With Nearly 2.5 Million People Losing Power in the Region

VAN NUYS, CA / ACCESSWIRE / August 11, 2020 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that its New York tri-state area microturbine systems designed for stand-alone operation continued to operate during and after Tropical Storm Isaias slammed into the area last week.

The Tropical Storm descended on the tri-state area with a vengeance last Tuesday, thrashing the region with tree-toppling winds, torrential rain, and even a few tornadoes as it continued its deadly march up the eastern U.S. seaboard. Only Superstorm Sandy caused more outages than Tropical Storm Isaias, and days later 700,000 customers were still without power. The fast-moving storm dealt such a wallop that area governors had to put into place emergency orders to speed up the recovery.

"It's been a busy week, but today we can confirm that the storm caused grid outages for at least seven RSP Systems customers with microturbine systems designed to run in stand-alone mode thus providing emergency back-up power to critical site loads," said Cory Glick, President of Reliable Secure Power Systems (RSP Systems), Capstone's distributor for New York, Connecticut, and Ohio. "All of the impacted Capstone sites immediately transitioned to back-up power mode just as they were designed to do," added Mr. Glick.

Dave Bell, the Maintenance Manager from East Hartford High School in Connecticut commented, "The Capstone microturbine system performed precisely as designed, providing seamless back-up power for egress lighting and critical plug loads." Eric Sanders from Pomfret School, also in Connecticut, was extremely pleased with the performance of his Capstone installation commenting, "The microturbine system did what it was supposed to do and man do these little units just run and run."

Governor Andrew Cuomo declared a State of Emergency for downstate New York to enable the state to provide additional levels of support to local governments throughout the clean-up and recovery process.

"It has been almost a decade since Superstorm Sandy and three years since Irene, but nature continues to remind us of our dependency on the power grid," said Darren Jamison, Capstone President and Chief Executive Officer. "Users around the world continue to adopt Capstone microturbines as they want the peace of mind in having the high reliability and low emission benefits of our distributed generation products. However, it's unfortunate that in many cases, it takes a major event like this to get people to start thinking differently about how to reliably deliver their energy needs and change traditional utility buying habits," concluded Mr. Jamison.

About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world's leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup, via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today's multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems, for more information, contact: rentals@capstoneturbine.com. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.

For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine on Twitter, LinkedIn, Instagram, Facebook and YouTube.

Forward-Looking Statements
This press release contains "forward-looking statements," as that term is used in the federal securities laws. Forward-looking statements may be identified by words such as "expects," "believes," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

"Capstone" and "Capstone Microturbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

Integra Investor Relations
Shawn M. Severson
415-226-7747
cpst@integra-ir.com

SOURCE: Capstone Turbine Corporation

ReleaseID: 601114

ReShape Lifesciences to Report Second Quarter 2020 Financial and Operational Results on Thursday, August 13, 2020

SAN CLEMENTE, CA / ACCESSWIRE / August 11, 2020 / ReShape Lifesciences Inc. (OTCQB:RSLS), a leading developer and distributor of minimally invasive medical devices to treat obesity and metabolic diseases, announced today that it will report its second quarter 2020 financial and operational results on Thursday, August 13, 2020 after the close of the U.S. financial markets.

Management will post a webinar to discuss ReShape's financial results at 4:30 p.m. ET that same day. The link to the webinar will be available on the Investor Relations page of the ReShape Lifesciences, Inc. website, https://ir.reshapelifesciences.com/.

About ReShape Lifesciences Inc.
ReShape Lifesciences™ is a medical device company focused on technologies to treat obesity and metabolic diseases. The FDA-approved LAP-BAND® Adjustable Gastric Banding System is designed to provide minimally invasive long-term treatment of severe obesity and is an alternative to more invasive surgical stapling procedures such as the gastric bypass or sleeve gastrectomy. The ReShape Vest™ System is an investigational, minimally invasive, laparoscopically implanted medical device that wraps around the stomach, emulating the gastric volume reduction effect of conventional weight-loss surgery, and is intended to enable rapid weight loss in obese and morbidly obese patients without permanently changing patient anatomy.

Company Contact:
Thomas Stankovich
Chief Financial Officer
ReShape Lifesciences Inc.
949-276-6042
tstankovich@ReShapeLifesci.com

Investor Contact:
Kaitlyn Brosco
Associate Vice President
The Ruth Group
646-536-7032
kbrosco@theruthgroup.com

SOURCE: ReShape Lifesciences Inc.

ReleaseID: 601106