London, UK / ACCESSWIRE / April 24, 2019 / Dialog Semiconductor Plc (XETRA: DLG), expects higher than anticipated profitability in Q1 2019.

On 6 March 2019, Dialog indicated that it expected gross margin for Q1 2019 to be broadly in line with FY 2018 (FY 2018 gross margin: 47.9%; FY 2018 underlying1 gross margin: 48.3%). The Company now expects Q1 2019 gross margin of approximately 49.3% and Q1 2019 underlying1 gross margin of approximately 49.6%. Both measures include 80bps positive impact from non-recurring items. The remaining favorable movement was mostly driven by product mix and lower manufacturing costs.

Additionally, in Q1 2019 the Company expects operating profit of approximately US$25 million and underlying1 operating profit of approximately US$47 million. Both measures include other operating income of approximately US$4 million, comprising income from specific non-recurring engineering contracts.

In Q1 2019, the Company expects revenue of approximately US$295 million. At 29 March 2019, the Company had US$690 million of cash and cash equivalents.

The Company will publish its results for the quarter ended 29 March 2019 on 9 May 2019.

***

1. Underlying measures of performance quoted in this announcement are non-IFRS measures. Our use of underlying measures is explained on pages 156 to 161 of our 2018 Annual Report and Accounts. Reconciliations of the underlying measures to the nearest equivalent IFRS measures will be presented in our Q1 2019 Interim Report.

Contact:

Jose Cano
Director, Investor Relations
jose.cano@diasemi.com
+44(0)1793756961

SOURCE: Dialog Semiconductor Plc.

ReleaseID: 542964

SCHAUMBURG, IL / ACCESSWIRE / April 24, 2019 / Global Brass and Copper Holdings, Inc. (NYSE:BRSS) (“GBC” or the “Company”) announces that it will release financial results for the first quarter of 2019 on Thursday, May 2, 2019 after the close of the U.S. financial markets. Given the pending transaction with Wieland-Werke Aktiengesellschaft, management will not be hosting a conference call to discuss its financial results for the first quarter ended March 31, 2019 and may not do so for future quarters.

About Global Brass and Copper

Global Brass and Copper Holdings, Inc. is a leading, value-added converter, fabricator, processor, and distributor of specialized non-ferrous products in North America. We engage in metal melting and casting, rolling, drawing, extruding, welding, stamping, and coating to fabricate finished and semi-finished alloy products from processed scrap, virgin metals, and other refined metals. Our products include a wide range of sheet, strip, foil, rod, tube, painted and fabricated metal component products. Our products are used in a variety of applications across diversified markets, including the building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment, and general consumer markets.

CONTACT:

Christopher J. Kodosky
Global Brass and Copper Holdings, Inc.|
Chief Financial Officer
(847) 240-4700

Mark Barbalato
FTI Consulting
(212) 850-5707

SOURCE: Global Brass and Copper Holdings, Inc.

ReleaseID: 542859

NEW BEDFORD, MA / ACCESSWIRE / April 24, 2019 / Based upon false information, the National Council for Occupational Safety and Health (COSH) wrongly named Atlantic Capes Fisheries on its “Dirty Dozen” companies list of 2019.

In January, Atlantic Capes Fisheries, Inc. (ACF) reached a settlement with the U.S. Equal Employment Opportunity Commission (EEOC) and four women in a sexual harassment lawsuit. The lawsuit stems from claims that largely predate ACF’s acquisition of an operational and fully staffed IQF Custom Packing, Inc. (IQF) processing plant in Fall River, Mass., in 2013. The majority of the 175 employees at the IQF facility were temporary employees, employed by BJ’s Service Company, Inc. (BJ’s).

On its “Dirty Dozen” list, COSH falsely stated, “two women who complained were fired.”

In fact, other than a brief period of layoff for two of the women (for operational reasons related to the installation of new equipment), ACF is pleased that three of the four named plaintiffs have worked continuously at ACF for a number of years and remain valued employees in the company’s operations. One of the women voluntarily chose not to return to work after sustaining an injury unrelated to her allegations.

Conversely, the workers alleged to have behaved inappropriately are no longer employed by either ACF or BJ’s. The employees separated from ACF and BJs were the alleged perpetrators, not their accusers.

When ACF acquired the Fall River facility in 2013, it immediately put in place equal opportunity, anti-discrimination and anti-sexual harassment policies and practices. ACF initially kept the IQF management team in place for the sake of continuity and were only belatedly made aware of the allegations that gave rise to this lawsuit. As soon as ACF management learned of general allegations of harassment, the company immediately invited workers to come forward and share specific concerns, and hired counsel to assist in investigating these complaints. ACF has a zero sexual harassment tolerance policy. ACF has provided sexual harassment (and other) training to all of its workers over the last several months.

The costs of the settlement were split between ACF and BJ’s.

CONTACT:

Robert Vanasse
202-333-2628
bob@stoveboat.com

SOURCE: Atlantic Capes Fisheries, Inc.

ReleaseID: 542943

AURORA, IL / ACCESSWIRE / April 24, 2019 / Old Second Bancorp, Inc. (the ”Company” or ”Old Second”) (NASDAQ: OSBC), the parent company of Old Second National Bank (the ”Bank”), today announced financial results for the first quarter of 2019. The Company’s net income was $8.5 million, or $0.28 per diluted share, for the first quarter of 2019, compared to net income of $8.6 million, or $0.28 per diluted share, in the fourth quarter of 2018, and net income of $9.5 million, or $0.31 per diluted share, for the first quarter of 2018.

Operating Results

First quarter 2019 net income was $8.5 million, reflecting a decrease in earnings of $152,000 from the fourth quarter of 2018, and a decrease in earnings of $1.0 million from the first quarter of 2018. First quarter 2019 financial results were negatively impacted by an $819,000 mark to market loss on mortgage servicing rights, of which $642,000 related solely to movements in interest rates, compared to a $923,000 loss in the fourth quarter of 2018, of which $683,000 related to movements in interest rates.

Adjusted net income, a non-GAAP financial measure, was $8.5 million, or $0.28 per diluted share, for the first quarter of 2019, compared to adjusted net income of $8.7 million, or $0.29 per diluted share, for the fourth quarter of 2018, and adjusted net income of $8.1 million, or $0.27 per diluted share, for the first quarter of 2018.

First quarter 2018 adjusted net income excluded a $1.0 million bank owned life insurance (”BOLI”) death claim, $596,000 of insurance proceeds, after tax, recovered on a previously charged off credit that was taken as a release to the provision for loan and lease losses, and $203,000 in costs, after tax, related to our acquisition of Greater Chicago Financial Corp. and its wholly owned subsidiary, ABC Bank, which was completed on April 20, 2018.

Net interest and dividend income was $24.0 million for the first quarter of 2019, a decrease of $304,000, or 1.2%, from $24.3 million for the fourth quarter of 2018, and an increase of $4.4 million, or 22.5%, from $19.6 million for first quarter of 2018. Net interest and dividend income in the first quarter of 2019 was favorably impacted by loan growth over the past year, as well as the December 2018 increase in interest rates and $379,000 of purchase accounting accretion, compared to $662,000 of purchase accounting accretion in the fourth quarter of 2018, and $148,000 in the first quarter of 2018. Purchase accounting accretion income realized before the second quarter of 2018 was due to our purchase of the Chicago branch of Talmer Bank and Trust in late 2016. Beginning in the second quarter of 2018, purchase accounting accretion income also included the impact of our acquisition of ABC Bank on April 20, 2018.

Noninterest income was $6.5 million for the first quarter of 2019, compared to $6.5 million for the fourth quarter of 2018 and $8.5 million for the first quarter of 2018. Total noninterest income remained steady in the first quarter of 2019, compared to the fourth quarter of 2018, as reductions in trust income, service charges on deposit accounts and debit card interchange income in the first quarter of 2019 were largely offset by growth in total residential mortgage banking revenue and an increase in the cash surrender value of BOLI. The decrease in noninterest income for the first quarter of 2019, compared to the first quarter of 2018, was driven primarily by the death benefit received on a BOLI claim in the first quarter of 2018, as well as a decline in the mortgage servicing rights carrying value of $819,000 in the first quarter of 2019, compared to a $305,000 increase in the mortgage servicing rights carrying value in the first quarter of 2019.

Noninterest expense was $19.2 million for the first quarter of 2019, reflecting an increase of $417,000, or 2.2%, compared to $18.8 million for the fourth quarter of 2018, and an increase of $1.8 million, or 10.6%, from $17.4 million for the first quarter of 2018. The increase in noninterest expense in the first quarter of 2019 compared to the fourth quarter of 2018 was primarily attributable to growth in salaries and employee benefits expense primarily due to higher payroll taxes and deferred compensation expense. The increase in noninterest expense in the first quarter of 2019, compared to the first quarter of 2018, is attributable to the ABC Bank acquisition in April 2018, which resulted in an increase in salaries and employee benefits expense, occupancy, furniture and equipment expenses, and amortization of core deposit intangibles.

The provision for income taxes totaled $2.4 million for the first quarter of 2019, compared to $2.9 million for the fourth quarter of 2018 and $2.0 million for the first quarter of 2018. The linked quarter reduction of $539,000 was primarily due to a decrease of $691,000 in pretax income in the first quarter of 2019, compared to the fourth quarter of 2018, as well as income tax credits in the first quarter of 2019 stemming from vested stock awards. The $406,000 increase in provision for income taxes for the year over year quarter was primarily due to the $1.0 million nontaxable death benefit realized on BOLI in the first quarter of 2018.

On April 16, 2019, the Company’s Board of Directors declared a cash dividend of $0.01 per share payable on May 6, 2019, to stockholders of record as of April 26, 2019.

Capital Ratios

March 31,

December 31,

March 31,

Well-Capitalized 1

2019

2018

2018

The Company

Common equity tier 1 capital ratio

N/A

9.75

%

9.29

%

9.82

%

Total risk-based capital ratio

N/A

13.17

%

12.63

%

13.58

%

Tier 1 risk-based capital ratio

N/A

12.30

%

11.78

%

12.63

%

Tier 1 leverage ratio

N/A

10.44

%

10.08

%

10.44

%

The Bank

Common equity tier 1 capital ratio

6.50

%

13.60

%

13.29

%

13.56

%

Total risk-based capital ratio

10.00

%

14.47

%

14.14

%

14.51

%

Tier 1 risk-based capital ratio

8.00

%

13.60

%

13.29

%

13.56

%

Tier 1 leverage ratio

5.00

%

11.54

%

11.36

%

11.19

%

1 Represents ratios required to be considered well capitalized under prompt corrective action provisions. The prompt corrective action provisions are only applicable at the bank level.

The ratios shown above exceed levels required to be considered ”well capitalized.”

Asset Quality & Earning Assets

Nonperforming loans totaled $14.9 million at March 31, 2019, compared to $16.3 million at December 31, 2018, and $12.8 million at March 31, 2018. Credit metrics continue to be relatively stable regarding nonperforming loan levels, and management is carefully monitoring loans considered to be in a classified status. Nonperforming loans as a percent of total loans were 0.8% at March 31, 2019, 0.9% at December 31, 2018, and 0.8% at March 31, 2018. Purchased credit impaired (”PCI”) loans, which are not considered nonperforming loans due to their accretable yield, from our acquisition of ABC Bank totaled $10.9 million, net of purchase accounting adjustments, at March 31, 2019.

OREO assets totaled $6.4 million at March 31, 2019, compared to $7.2 million at December 31, 2018, and $7.1 million at March 31, 2018. No valuation writedowns were recorded in the first quarter of 2019, compared to $96,000 recorded in the fourth quarter of 2018 and $112,000 in the first quarter of 2018. Nonperforming assets, as a percent of total loans plus OREO, was 1.1% at March 31, 2019, and 1.2% at both December 31, 2018 and March 31, 2018.

Total loans were $1.90 billion at March 31, 2019, reflecting an increase of $6.1 million compared to December 31, 2018, due primarily to growth in the commercial, leases, and real estate-commercial portfolios. Average loans (including loans held-for-sale) for the first quarter of 2019 were $1.90 billion, reflecting an increase of $37.6 million from the fourth quarter of 2018, and an increase of $292.6 million from the first quarter of 2018. Growth in the year over year period is primarily due to our acquisition of ABC Bank, which included $227.6 million of loans recorded, net of purchase accounting adjustments.

Available-for-sale securities totaled $509.1 million at March 31, 2019, compared to $541.2 million at December 31, 2018, and $550.9 million at March 31, 2018. Pretax net security gains of $27,000 were recorded in the first quarter of 2019, compared to no gains or losses in the fourth quarter of 2018, and pretax net security gains of $35,000 in the first quarter of 2018.

Non-GAAP Presentations: Management has disclosed in this earnings release certain non-GAAP financial measures to evaluate and measure the Company’s performance, including adjusted net income, adjusted earnings per share, the presentation of net interest income and net interest margin on a fully taxable equivalent basis, and efficiency ratio calculations. Management believes the adjusted earnings per share data is more informative for the user if the per share impact of certain activity is excluded for quarterly comparative purposes. The net interest margin is calculated by dividing net interest income on a tax equivalent basis by average earning assets for the period. Management believes this measure provides investors with information regarding balance sheet profitability.

Forward-Looking Statements: This earnings release contains forward-looking statements. Forward looking statements can be identified by words such as ”anticipated,” ”expects,” ” intends,” ”believes,” ”may,” ”likely,” ”will” or other that indicate future periods. Such forward-looking statements are subject to risks, uncertainties, and other factors, including a downturn in the economy, particularly in the Company’s markets, volatile credit and financial markets both domestic and foreign, potential deterioration in real estate values, regulatory changes and excessive loan losses, as well as additional risks and uncertainties contained in the ” Risk Factors” and forward-looking statements disclosure contained in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, any or all of which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that future events, plans, or expectations contemplated by the Company will be achieved. 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.

Conference Call

The Company will host an earnings call on Thursday, April 25, 2019, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Investors may listen to the Company’s earnings call via telephone by dialing 844-602-0380. Investors should call into the dial-in number set forth above at least 10 minutes prior to the scheduled start of the call.

A replay of the earnings call will be available until 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on May 2, 2019, by dialing 877-481-4010, using Conference ID: 45525.

CONTACT:

Bradley S. Adams
Chief Financial Officer
(630) 906-5484

SOURCE: Old Second Bancorp, Inc.

ReleaseID: 542772

Release of better-than-projected earnings and aggressive sales growth follows recent technology acquisition from leading U.S. semiconductor manufacturer

Not for Dissemination in the U.S. or to U.S. newswire services

VANCOUVER, BC / ACCESSWIRE / April 24, 2019 / Airbeam Wireless Technologies Inc. (“Airbeam”) (airbeamtech.com), a new wireless semiconductor company working to unlock a global opportunity in Smart City infrastructure and 5G rollout, today provided selected financial results for its first full month of operations since the acquisition of its next-generation 60Ghz products, including WiGig and WiHD (collectively, the “Airbeam Products”).

Airbeam had sales of C$2.15M in March and April 2019. Prior to Airbeam’s acquisition, the business line generated an estimated C$2.68M over the previous 12-months.

Highlights

Over C$2 million in revenues since March 2019 acquisition.

Sales include both modules and chipsets.

Global sales, including clients serviced in North America, Asia and Europe.

Contract manufacturer relationships and associated manufacturing infrastructure in place to build on this success moving forward.

Revenue includes client backlog related to closing asset sale.

Airbeam’s cost of goods sold and operating expenses for March and April were C$948,031.30.*

Airbeam’s aggressive growth follows the recent acquisition of the Airbeam Products from a major U.S. semiconductor manufacturer. The acquisition included an inventory of sale-ready chipsets which were used to complete April sales orders. Future sales will be derived from the manufacture of new modules and chipsets, which is well underway, as well as remaining inventory on-hand.

“We had a clear roadmap in place for this technology since day one, so we’re excited to hit the ground running with sales across the globe,” said Mr. Yan Zhang, an Airbeam Director. “Our April sales results outstrip anything this cutting-edge 5G-focused wireless technology experienced before our purchase, our customers now have clarity about growth in the product line and are responding showing the untapped potential and the opportunity for aggressive growth for Airbeam moving forward.”

The Airbeam Products open up a global opportunity in 5G and IoT (Internet of Things) that are expected to form the building blocks of Smart City infrastructure. 5G, the next generation of cellular mobile communications, promises data speeds many times faster than the current 4G system, and could lead to higher capacity and much greater device connectivity. The Smart City initiative uses information and communication technologies to improve transportation, safety, energy use, as well as other infrastructure issues, for a better quality of life and greater competitiveness. We believe that Our Airbeam Products could act as critical components which connect 5G micro base stations with the backbone wirelessly.

*Reported amounts are based on unaudited financial information of Airbeam. Recent results are not necessarily indicative of future sales or operating results.

About AirBeam

AirBeam is a new company that is looking to unlock a worldwide opportunity in Smart Cities and 5G rollout. Based off a production-ready modular chip design, AirBeam is a next generation wireless solution that is primed to take advantage of existing and emerging high speed data markets.

For further information, please contact:

Yan Zhang, Director
(778) 338-8047
yan.zhang@airbeamtech.com

This news release contains forward-looking information based on Airbeam’s expectations, estimates and projections. All statements that address expectations or projections about the future, including without limitation, statements regarding the business of Airbeam and the economic environment in which it operates, statements regarding revenue, growth, costs and markets, the potential for a new generation of wireless network technologies, the implementation of new applications and the development of new technologies and products, constitute forward-looking information. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions, including without limitation, that Airbeam may experience unforeseen delays, financing difficulties or costs that will impact its operations, financial performance or liquidity, that Airbeam will not be able to advance its business plan or continue operations, risks relating to market acceptance and demand for new and existing products, and technological and product development risks. Although Airbeam has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Airbeam is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

No regulatory body or stock exchange has passed upon the adequacy or accuracy of this release.

SOURCE: Airbeam Wireless Technologies Inc.

ReleaseID: 542948

Release of better-than-projected earnings and aggressive sales growth follows recent technology acquisition from leading U.S. semiconductor manufacturer

TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / April 24, 2019 / Blockchain Holdings Ltd. (the “Company” or “Blockchain Holdings”) (CSE: BCX), following its previous announced strategic investment into Airbeam Wireless Technologies Inc. (“Airbeam”) on February 26, 2019, the Company is pleased to report that it has received an update from Airbeam on its operating revenue. Blockchain Holdings’ investment helps to support Airbeam as it invests in a new generation of wireless network technologies that are designed to take advantage of existing and emerging high-speed data markets, including 5G, the future global telecommunication standard.

See Airbeam’s complete news release below for details:

Airbeam Wireless Technologies Inc. (“Airbeam”) (airbeamtech.com), a new wireless semiconductor company working to unlock a global opportunity in Smart City infrastructure and 5G rollout, today provided selected financial results for its first full month of operations since the acquisition of its next-generation 60Ghz products, including WiGig and WiHD (collectively, the “Airbeam Products”).

Airbeam had sales of C$2.15M in March and April 2019. Prior to Airbeam’s acquisition, the business line generated an estimated C$2.68M over the previous 12-months.

Highlights

Over C$2 million in revenues since March 2019 acquisition.

Sales include both modules and chipsets.

Global sales, including clients serviced in North America, Asia and Europe.

Contract manufacturer relationships and associated manufacturing infrastructure in place to build on this success moving forward.

Revenue includes client backlog related to closing asset sale.

Airbeam’s cost of goods sold and operating expenses for March and April were C$948,031.30.*

Airbeam’s aggressive growth follows the recent acquisition of the Airbeam Products from a major U.S. semiconductor manufacturer. The acquisition included an inventory of sale-ready chipsets which were used to complete April sales orders. Future sales will be derived from the manufacture of new modules and chipsets, which is well underway, as well as remaining inventory on-hand.

“We had a clear roadmap in place for this technology since day one, so we’re excited to hit the ground running with sales across the globe,” said Mr. Yan Zhang, an Airbeam Director. “Our April sales results outstrip anything this cutting-edge 5G-focused wireless technology experienced before our purchase, our customers now have clarity about growth in the product line and are responding showing the untapped potential and the opportunity for aggressive growth for Airbeam moving forward.”

The Airbeam Products open up a global opportunity in 5G and IoT (Internet of Things) that are expected to form the building blocks of Smart City infrastructure. 5G, the next generation of cellular mobile communications, promises data speeds many times faster than the current 4G system, and could lead to higher capacity and much greater device connectivity. The Smart City initiative uses information and communication technologies to improve transportation, safety, energy use, as well as other infrastructure issues, for a better quality of life and greater competitiveness. We believe that Our Airbeam Products could act as critical components which connect 5G micro base stations with the backbone wirelessly.

* Reported amounts are based on unaudited financial information of Airbeam. Recent results are not necessarily indicative of future sales or operating results.

About Blockchain Holdings

Through the proprietary portal BCXdata.com, Blockchain Holdings provides investors and fund managers with unique insights into the growing ecosystem of crypto-assets. BCXdata.com captures and aggregates data from different blockchains for use and analysis with a clean and approachable API. With a portfolio of proprietary tools, Blockchain is giving users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.

About AirBeam

AirBeam is a new company that is looking to unlock a worldwide opportunity in Smart Cities and 5G rollout. Based off a production-ready modular chip design, AirBeam is a next generation wireless solution that is primed to take advantage of existing and emerging high speed data markets.

For further information, please contact:

Malcolm Burke
+1 604 220 2000
mpb@primarycapital.net

Alan Tam, CFO
+1 604 377-7575
alantamca@gmail.com

Wayne Lloyd, CEO
+1 604 629-9975
wayne@blockchainholdingsltd.com

This news release contains forward-looking statements that are based on Blockchain’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans, completion of its investment in Airbeam 60Ghz, and the timing thereof, the completion of Airbeam 60Ghz’s purchase of “Airbeam”, including the timing thereof, the expected benefits from Airbeam, including with respect to revenue, growth, costs and markets, and the timing thereof, the potential for a new generation of wireless network technologies, the implementation of new applications and the development of new technologies and products. Although Blockchain believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteed of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Blockchain undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Blockchain Holdings Ltd.

ReleaseID: 542953

KELOWNA, BC / ACCESSWIRE / April 24, 2019 / Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) (the ”Company” or ”Lexaria”), a drug delivery platform innovator, announces that it has entered a definitive 5-year agreement, via its subsidiary Lexaria CanPharm ULC, to provide Lexaria’s patented DehydraTECHTM technology to a private California-based cannabis company for its utilization in certain cannabis-based beverages to be produced and sold in the states of California and Nevada.

Financial terms of the agreement are not being disclosed. The DehydraTECH-enabled beverages are protected under Lexaria’s many existing US-granted patents and may include any combination of ready-to-drink beverages such as non-alcoholic beers, wines and spirits; cold or hot coffee or teas, sports drinks and much more.

Lexaria has developed methods of combining nano-emulsion technology with its proprietary DehydraTECH processes to create beverages with market-leading aesthetic and performance characteristics. Lexaria is currently experiencing unprecedented demand in several North American markets for use of its technology for beverage applications.

About Lexaria

Lexaria Bioscience Corp. has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH™ delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs),nicotine and other molecules.

www.lexariabioscience.com

For regular updates, connect with Lexaria on Twitter https://twitter.com/lexariacorp and on Facebook https://www.facebook.com/lexariabioscience/

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Bioscience Corp.
Alex Blanchard, Communications Manager
(250)765-6424 Ext 202

Or

NetworkNewsWire (NNW)
www.NetworkNewsWire.com

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements, including but not limited to: that any additional stock warrants or stock options will be exercised. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, the patent application and approval process and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that existing capital is sufficient for the Company’s needs or that it will be able to raise additional capital. There is no assurance that Lexaria will successfully complete any other contemplated or existing technology license agreements; or that results from any studies will be favorable or in any way support future business activities of any kind. Scientific R&D is often unpredictable and unanticipated results could emerge from any study and have a material impact. There is no assurance that any planned corporate activity, scientific study, R&D, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any of Lexaria’s postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). TurboCBDTM, DehydraTECHTM technology and ViPovaTM products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release.

SOURCE: Lexaria Bioscience Corp.

ReleaseID: 542955