Hertz Selects Equity Sponsor For Its Chapter 11 Exit
Decision Has the Support of Holders of Over 85% of the Company s Unsecured Notes
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ESTERO, Fla., April 3, 2021 /PRNewswire/ Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ( Hertz or the Company ) announced today that it has selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC (collectively, the Sponsorship Group ) to provide the equity capital required to fund Hertz s exit from Chapter 11, keeping the Company on track to conclude its Chapter 11 case in June 2021. The deal is reflected in definitive executed documents, including, (1) an Equity Purchase and Commitment Agreement, (2) a Plan Support Agreement, (3) a Bridge Financing Commitment for Hertz International Ltd., (4) an Amended Chapter 11 Plan of Reorganization (the Plan ), and (5) an amended Disclosure Statement (collectively, the Transaction Documents
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OTTAWA, ON, April 1, 2021 /CNW/ - Intouch Insight Ltd., ( Intouch or the Company ) (TSXV: INX) (OTCQB: INXSF) today announced its operating and financial results for the year ended December 31, 2020.
Revenue for 2020 was $12,795,277, which was 34% lower than revenue of $19,255,202 in 2019 due to the impacts of the global COVID-19 pandemic, which were partially offset by the addition of PerformaLogics and MobilForce. The net loss for the year was $6,898 due to a $478,575 write down to intangible assets and goodwill compared to net earnings of $116,244 in 2019. Company-defined adjusted EBITDA was $1,667,894 for 2020, up 8% compared to EBITDA of $1,540,312 in 2019. Gross Margin grew by 1% to 53% from 52% in 2019.
Scheid Family Wines Announces Sale of Three Vineyard Properties
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SALINAS, Calif., April 2, 2021 /PRNewswire/ Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today that it sold three of its vineyard parcels for $33,000,000 in consideration, which includes the buyer assuming $20,000,000 of the Company s debt that was secured by the properties. The disposition of these parcels, which comprise 1,193 acres of leased and owned vineyards, is part of Scheid Family Wines overall strategy to better align its asset holdings and debt with its growing premium bottled wine business.
Mr. Scott Scheid, President and CEO of the Company, stated, We are pleased to complete this transaction and continue to focus our attention and resources on the growth of our branded goods portfolio, which includes our recently launched entrant in the trending better for you category,
Kelyniam Global Releases Annual 2020 Financials
A Solid Year and Steady Growth despite Covid-19
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CANTON, Conn., April 2, 2021 /PRNewswire/ Kelyniam Global (OTC:KLYG), a maker of custom cranial implants, today announced results for its year ended December 31, 2020. I am pleased to announce that Kelyniam returned to profitability in 2020, reaching a significant milestone in the third year of our five year plan. Despite a 2
nd wave of elective surgery restrictions in the fourth quarter, Kelyniam, customers embraced our unique ability to reliably deliver custom, well designed implants overnight, said Ross Bjella, Kelyniam s CEO. Our focus on specific markets and the increase in new surgeons (or facilities) using our products, along with - aggressive expense management in the last half of the year resulted in record Sales Revenue and Profitability.
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NEW YORK, April 1, 2021 /PRNewswire/
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of CytoDyn Inc. (OTC: CYDY) between March 27, 2020 and March 9, 2021, inclusive (the Class Period ), of the important
May 17, 2021
lead plaintiff deadline.
SO WHAT: If you purchased CytoDyn securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the CytoDyn class action, go to http://www.rosenlegal.com/cases-register-2060.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court