Kangana Ranaut has demanded justice for Gulnaaz Khatoon, the Bihar teenager who was burnt alive and succumbed to her injuries on Monday (November 17).
Kangana Ranaut has demanded justice for Gulnaaz Khatoon, the Bihar teenager who was burnt alive and succumbed to her injuries on Monday (November 17).
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Harry Winks has confessed that his 56-yard wonderstrike in Tottenham’s win over Ludogorets was a fluke - but manager Jose Mourinho says he should have claimed he meant it. Spurs strolled to a 4-0 win over the Bulgarian side in Thursday night’s Europa League group stage clash, to move within a point of qualifying for the knockout phase. Summer signing Carlos Vinicius scored his first two goals for the club before Winks’ freakish effort sparked debate.
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Chelsea have confirmed that 2,000 fans will provisionally be allowed to return to Stamford Bridge to watch their Premier League match against Leeds United on December 5. Under the Government's new tier system in England to tackle the spread of coronavirus, Brighton, Chelsea, Liverpool and West Ham will be able to allow supporters into their stadiums for their first Premier League matches in December. Chelsea are yet to confirm any details about tickets for the match, while the return of supporters also depends on local authorities granting approval to the scheme.
Islamabad [Pakistan], November 27 (ANI): Pakistan Federal Information Minister Shibli Faraz has threatened Opposition leaders that first information reports (FIRs) will be registered against them if they participate in the Pakistan Democratic Movement ( PDM) rally.
Delhi-Haryana Border, Nov 27 (ANI): Security has been tightened at Singhu border (Haryana-Delhi border) and barricading is also being done, in the wake of farmers' 'Delhi Chalo' protest march. Farmer groups are heading towards Delhi to protest against amended farm laws.
WINNIPEG, Manitoba, Nov. 26, 2020 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”), a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms, today announced their third quarter 2020 financial results. Recent Corporate Highlights: * Q3 2020 revenues were 26% higher than Q3 2019 with a notable increase of 48% from product sales in the current quarter despite the impact of the COVID-19 pandemic. * On September 28, 2020, Kane Biotech Inc. announced that it has entered into an agreement with UK-based veterinary products company, Animalcare Group PLC under which the parties formed STEM Animal Health Inc., a company dedicated to treating biofilm-related ailments in animals. Animalcare is to invest $5 million consisting of $3 million to acquire a one-third equity stake in STEM and $2 million for the rights to commercialize products in the global veterinary markets outside of Americas. * On October 13, 2020, the Company announced that Kevin Cole will assume the role of President and CEO of STEM Animal Health Inc. In this new role Kevin will focus on building STEM into a globally recognized name in the biofilm-targeting technology with an emphasis on developing sales channel and penetrating the growing pet care sector, utilizing STEM’s product line. * On October 28, 2020, the Company announced the launch of a larger consumer product test to further prove the efficacy of the Company’s shampoo on dermatitis and dandruff began on October 14, 2020. This large-scale, multi-product test will focus on US consumers and has a similar design to the consumer trial that was launched earlier this year in Canada. * On November 5, 2020, the Company announced that it had entered into a one year credit agreement with Pivot Financial Inc. for a non-revolving term loan in the aggregate amount of $1,480,000. The credit facility will be used by Kane Biotech for: (i) funding research and development relating to eligible government reimbursable expenditures; (ii) expenses related to STEM Animal Health Inc; and (iii) general working capital purposes. “We are pleased with our progress during the quarter and continue to focus on execution and commercialization of our product portfolio. The STEM Animal Health transaction demonstrates the potential global growth of our animal care products and allows Kane Biotech to become a truly global company, giving us access to new markets and revenue. We continue trials in the US and Canada for our human products and the provisional results look very positive and will allow us to grow that segment going forward with a view to returning shareholder value,” stated Marc Edwards President and Chief Executive Officer of Kane Biotech.Third Quarter 2020 Financial Highlights * Revenue from product sales in the three months ended September 30, 2020 was $286,934, an increase of 48% compared to $194,483 in the three months ended September 30, 2019. This is due to higher online sales and a larger customer base in the current period. * Gross profit for the third quarter of 2020 was $129,156, an increase of 11% compared to $116,322 for the quarter ended September 30, 2019. The increase in gross profit is primarily related to higher product revenues. * Total operating expenses for the quarter ended September 30, 2020 were $1,247,140, an increase of 37% compared to $912,058 for the same period in 2019. The increase in expenses is mostly related to legal costs associated with the Animalcare agreement which was finalized during this period. * Loss from operations and finance costs for the third quarter of 2020 was ($1,030,948) an increase of 25% compared to ($821,554) for the quarter ended September 30, 2019. Detailed financial information about Kane Biotech can be found in its September 30, 2020 Financial Statements and Management Discussion and Analysis on SEDAR and the Company’s website.Conference Call DetailsKane Biotech is pleased to invite all interested parties to participate in a conference call on Monday November 30, 2020 at 4.30pm ET during which time the results will be discussed.Webcast Link: https://edge.media-server.com/mmc/p/ukgs8mo2Participant Dial In: Participant Toll-Free Dial-In Number: (877) 268-9044 Participant International Dial-In Number: (706) 679-2995 Password: 3572374 * International dial-ins available at the reservation confirmation attached Telco Replay (7 Days valid after the live call) Toll Free Encore: 855 859-2056 Toll Encore: 404 537-3406 Password: 3572374 A live and archived audio webcast of the conference call will also be available on the investor relations page of Kane Biotech’s corporate website. www.kanebiotech.com About Kane Biotech Inc.Kane Biotech is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The Company has a portfolio of biotechnologies, intellectual property (52 patents and patents pending, trade secrets and trademarks) and products developed by the Company's own biofilm research expertise and acquired from leading research institutions. StrixNB™, DispersinB®, Aledex™, bluestem™, bluestem®, silkstem™, goldstem™, coactiv+™, coactive+®, DermaKB™ and DermaKB Biofilm™ are trademarks of Kane Biotech Inc. The Company is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under the symbol “KNBIF”.For more information, please visit www.kanebiotech.com, or contactMarc EdwardsRay DupuisGraham Farrell Chief Executive OfficerChief Financial OfficerInvestor Relations Kane Biotech IncKane Biotech IncHarbor Access LLC firstname.lastname@example.org@kanebiotech.comGraham.Farrell@HarborAccessllc.com +1 (514) 910-6991+1 (204) 298-2200+1 (416) 842 9003 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking InformationThis press release contains certain statements regarding Kane Biotech Inc. that constitute forward-looking information under applicable securities law. These statements reflect management’s current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, risks relating to the Company’s: (a) financial condition, including lack of significant revenues to date and reliance on equity and other financing; (b) business, including its early stage of development, government regulation, market acceptance for its products, rapid technological change and dependence on key personnel; (c) intellectual property including the ability of the Company to protect its intellectual property and dependence on its strategic partners; and (d) capital structure, including its lack of dividends on its common shares, volatility of the market price of its common shares and public company costs. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by the Company with applicable securities regulatory authorities, available at www.sedar.com. The Company cautions that the foregoing list of factors that may affect future results is not exhaustive.COVID-19 PandemicSince December 31, 2019, the COVID-19 outbreak of the novel strain of coronavirus, SARS-CoV-2, has resulted in a widespread health crisis that has affected economies and financial markets around the world resulting in an economic downturn. The effects of this pandemic on the Company may include decreased customer demand, interruptions to supply chains, manufacturing activities and research and development programs and increased government regulations or interventions. The duration and impact of the COVID-19 outbreak is unknown at this time and it is not possible to reliably estimate the length and severity of these developments nor the impact of these developments on the financial results and condition of the Company in future periods.KANE BIOTECH INC. Selected Financial Results Statement of Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Total Revenue $ 360,603 $286,838 $ 1,084,236 $1,129,385 Gross Profit 129,156 116,322 424,143 409,678 Operating expenses General and administration 869,309 672,239 2,518,869 1,943,701 Research 377,831 239,819 1,063,871 834,462 Total operating expenses 1,247,140 912,058 3,582,740 2,778,163 Loss from operations and finance costs $ (1,030,948) $(821,554) $ (2,900,181) $(2,472,084) Income (loss) and comprehensive income (loss) for the period$ (1,030,948) $(821,554) $ (2,900,181) $196,516 Basic and diluted income (loss) per share for the period $ (0.01) $(0.01) $ (0.03) $- Weighted average shares outstanding - basic 108,613,535 82,966,797 107,191,993 81,075,075 Weighted average shares outstanding - diluted 108,613,536 82,966,797 107,191,993 81,195,329 Statement of Financial Position September 30, December 31, 2020 2019 Cash and cash equivalents $ 1,272,305 $834,128 Other current assets 1,436,023 1,075,297 Non-current assets 2,178,334 846,267 Total Assets $ 4,886,662 $2,755,692 Current liabilities $ 1,850,309 $1,341,653 Non-current liabilities 1,062,576 577,232 Shareholders' equity 1,973,777 836,807 Total liabilities and shareholders' equity $ 4,886,662 $2,755,692 Source: Kane Biotech Inc.
Ontario’s top health professionals say the province is in a “precarious” position where there is some “flattening” of the epidemic curve in certain areas, but situations differ greatly across Ontario.
CALGARY, Alberta, Nov. 26, 2020 (GLOBE NEWSWIRE) -- CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its third quarter 2020 results. Three months ended September 30,Nine months ended September 30, ($ 000's)2020 2019 ($) Change 2020 2019 ($) Change Revenue Environmental Services3,024 3,881 (857)12,557 12,385 172 Heavy Construction60 122 (62)272 414 (142) Corporate- - - 15 5 10 3,084 4,003 (919)12,844 12,804 40 Direct operating expenses Environmental Services2,029 2,855 (826)9,146 9,331 (185) Heavy Construction20 80 (60)118 231 (113) Corporate- - - - - - 2,049 2,935 (886)9,264 9,562 (298) General and administrative expenses Environmental Services269 285 (16)511 587 (76) Heavy Construction0 - 0 2 2 (0) Corporate206 233 (27)628 724 (96) 475 518 (43)1,141 1,313 (172) Operating earnings (loss) Environmental Services726 741 (15)2,900 2,467 433 Heavy Construction40 42 (2)152 181 (29) Corporate(206)(233)27 (613)(719)106 560 550 10 2,439 1,929 510 Depreciation625 477 148 1,742 1,469 273 Finance costs261 198 63 727 598 129 Gain (loss) on disposal- (86)86 - (483)483 Share-based recovery- - - - - - Earnings (loss) before tax(326)(39)(287)(31)345 (376) Income tax expense- - - - - - Net earnings (loss)(326)(39)(287)(31)345 (376) Third Quarter Financial Summary: * Revenue for the three and nine months ended September 30, 2020 down 23% for the quarter but even for the year; * total revenue of $3.1 million for the quarter, a decrease of $0.9 million, or 23% compared to $4.0 million in 2019; * total revenue of $12.8 million year-to-date compared to $12.8 million in 2019. * Operating earnings for the three and nine months ended September 30, 2020 up 2% on the quarter and up 26% for the year; * total operating earnings of $0.56 million for the quarter, a slight increase compared to $0.55 million in 2019; * total operating earnings of $2.4 million, an increase of $0.5 million, or 26% compared to $1.9 million in 2019. * Net (loss) earnings for the three and nine months ended September 30, 2020 down on the quarter and down on the year; * net loss of $0.3 million for the quarter, a decrease of $0.3 million, compared to a net loss of $0.03 million in 2019; * net loss of $0.03 million year to date, a decrease of $0.4 million, compared to net earnings of $0.3 million in 2019. * Canadian Emergency Wages Subsidy (“CEWS”) for the three and nine months ended September 30, 2020 was $0.5 million and $1.1 million respectively; * $0.4 million recognized as reduction to Direct Operation Expenses (“DOE”) and $0.1 million recognized as a reduction to general and administrative (“G&A”) expense during the quarter; * $0.9 million recognized as reduction to Direct Operation Expenses (“DOE”) and $0.2 million recognized as a reduction to general and administrative (“G&A”) expense year-to-date.OVERALL PERFORMANCEThe third quarter, along with the previous first half of 2020, presented the business with some of its toughest challenges to date. Most notably, the global spread of COVID-19 created unprecedented uncertainty and volatility in the oil and gas industry, particularly in the Western Canadian Sedimentary Basin. The demand for oil significantly deteriorated, as non-essential business around the globe, came to a grinding halt, and swiftly drove pricing into uneconomical territory, impacting the capital programs that drive a significant portion of Cordy’s business. Compounding the crisis, the Company had to quickly redesign its day to day business model, implementing new health and safety protocols, to mitigate the risk of contracting or spreading COVID-19 for our people, our customers, and their families.Despite the challenges, Cordy was able to manage through, what it believes was, the toughest stretch of 2020. The reopening of the economies around the globe has resulted in a return of oil and gas pricing to economical levels, and general business activity has started to slowly rebound as businesses and customers, adapt to the new rules of doing business in the COVID-19 era.OUTLOOK Operating results for the third quarter were encouraging, and management sees this trend continuing for the balance of 2020. In its Q2 outlook, management indicated that it believed the worst of the economic impact on the Company from COVID-19 appeared to have passed, and this continues to be management’s view. The timing of a full rebound in activity remains uncertain; however, the recent announcements of successful Phase 3 results, showing safe, effective coronavirus vaccines, provide optimism for the continuation of gradual recovery over the next six to twelve months.Despite the near-term market uncertainty resulting from the ongoing COVID-19 pandemic, the Company expects activity in the fourth quarter to continue to improve sequentially over the third quarter. Cordy’s oilfield customers reactivated drilling programs, albeit at a reduced level, early in the fourth quarter. If current market conditions persist, this trend is expected to continue through the end of the first quarter of 2021 based on current work programs.The company recognizes that any improvement in activity will be impacted by announced reductions in the Canada Emergency Wage Subsidy, which will likely impact overall margin. Furthermore, the uncertainty around the prolonged effects of COVID–19, the timing and availability of the vaccinations, and potential of strict lock-downs due recent surges in the number of active COVID-19 cases, are challenging to predict and any change in the current trends could significantly alter management’s expectations over the medium term.For the balance of 2020, and the foreseeable future, Cordy will continue to aggressively manage costs, while continuing to focus on the health and safety of its employees, contractors, and customers, ensuring it is doing its part in mitigating the spread, and limiting the impact of COVID-19.For general and investor relations information, please contact:Darrick Evong Chief Executive Officer IR@cordy.ca Tel: 403-262-7667 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.READER ADVISORYThis News Release contains certain statements that constitute forward-looking statements. These statements relate to future events or the Corporation’s future performance. All statements, other than statements of historical fact, that address activities, events or developments that the Corporation or a third party expects or anticipates will or may occur in the future, are forward-looking statements. These include the Corporation’s future growth, results of operations, performance and business prospects and opportunities; prevailing economic conditions; commodity prices; sourcing, pricing and availability of raw materials, components and parts, equipment, suppliers, facilities and skilled personnel; dependence on major customers; uncertainties in weather and temperature affecting the duration of the service periods and the activities that can be completed; regional competition; and other factors, many of which are beyond the Corporation’s control. These other factors include future prices of oil and natural gas and oil and natural gas industry activity, including the effect of changes in commodity prices on oil and natural gas exploration and development activity, the ability to complete strategic acquisitions and realize the anticipated benefits of any acquisitions that are completed, the Corporation’s outlook regarding the competitive environment it operates in, and the assumptions underlying any of the foregoing. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the Corporation’s control, including those discussed under “Risks and Uncertainties” and elsewhere in this News Release, that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this News Release should not be unduly relied upon. These statements speak only as of the date of this News Release. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws. The forward-looking statements contained in this News Release are expressly qualified by this cautionary statement.
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VANCOUVER, British Columbia, Nov. 26, 2020 (GLOBE NEWSWIRE) -- Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $25.6 million for the third quarter (Q3) ended September 30, 2020, compared to a profit after tax of $5.7 million in the same period in 2019.During the quarter, Central 1 continued to help its members and clients navigate the effects of the pandemic by delivering essential and innovative financial, digital and payments products and services. As Canadians accelerated their usage of digital channels, Central 1 has responded by providing stable and advanced digital banking and payments tools to meet the increased demands.“Our business has performed well despite the significant amount of uncertainty related to the economy and pandemic,” said Mark Blucher, Central 1 President and CEO. “Our results reflect the strength of our organization and our ability to operate in this new environment. Our consultative approach means we are focused on making the right decisions that create sustainable value while balancing the diverse needs of our members and clients.”The organization remains focused on supporting the credit union system and ensuring the system’s resilience and success.Treasury and Mandatory Liquidity Pool Treasury continues to deliver strong and consistent contributions to the earnings of Central 1. In addition to the strong financial performance of 2020, liquidity at Central 1 continues to be robust as non-mandatory deposits remain at an all-time high, increasing by over $4.6 billion during 2020.On October 2, 2020, Central 1 announced its members passed a special resolution approving amendments to Central 1’s Constitution and Rules. The amendments proposed were in connection with the plan to legally segregate the Mandatory Liquidity Pool (MLP) to restructure system liquidity for the benefit of members. The vote in favour of the amendments enables Central 1 and its members to continue working towards segregating the MLP by the end of the year. Central 1 is committed to supporting and engaging its members throughout the entire process.The amendments are subject to the consent of the British Columbia Financial Services Authority and will come into effect at a time determined by the Board of Directors of Central 1.Digital & Payments Services Central 1 continues to prioritize the onboarding of over 170 clients onto the Forge Digital Banking Platform, with 98 implementations in the pipeline into 2021. As implementations continue, Central 1 is ensuring a stable and secure transition by continuing to provide support and a good user experience through predecessor platform MemberDirect.Within Payments, volumes of Interac e-Transfer transactions are significantly higher compared to the same period last year; a trend that is expected to continue as Canadians accelerate their use of digital payments. Central 1 is also making good progress on advancing its payments strategy, which is designed to position the credit union system and financial services industry for growth and innovation.Q3 2020 consolidated financial results compared to the same period last year * Profit after tax of $25.6 million, compared to a profit after tax of $5.7 million. * Assets of $ 23.2 billion, up 26.1 per cent from $18.4 billion.Excluding the results from the Mandatory Liquidity Pool, Central 1’s third quarter results saw an increase of $17.4 million in profit after tax from the same period a year ago. Interest margin was $10.6 million higher supported by strong growth in our investment portfolio and reduced outstanding debt during the period. Credit spreads continued to narrow in the third quarter; continuing the trend of recovering the temporary fair value loss from the first quarter, resulting in a year-over-year increase of $9.6 million in net realized and unrealized gains. Non-financial income and non-financial expense remained relatively stable and investments in strategic initiatives continued in the third quarter.Year-to-date consolidated financial results The COVID-19 pandemic continues to impact Central 1’s consolidated results for the first nine months of 2020. * Consolidated profit after tax was $30.6 million, down $12.9 million from the same period in 2019. * MLP reported a profit after tax of $7.8 million, down $11.5 million compared to the same period last year. The flatter yield curve and higher demand for short-term investments led to reduced interest margin within the portfolio. * Excluding the results from the MLP, Central 1 saw a profit after tax of $22.8 million, down $1.4 million compared to the same period in 2019.Statement of financial position Many credit unions continued to hold elevated levels of liquidity in response to the potential economic impact of the pandemic. There was an increase in deposits held at Central 1 during the first nine months of 2020. Total assets in 2020 was $23.2 billion compared to $18.4 billion during the same period last year, reflecting credit unions depositing their excess liquidity with Central 1.Central 1’s third quarter Management’s Discussion and Analysis and Financial Statements have been filed with SEDAR and posted at www.sedar.com and www.central1.com/investor-relations.About Central 1 Central 1 is a preferred partner for financial, digital banking and payment products and services – fuelling the success of businesses across Canada. With $23.2 billion in assets, we leverage our scale, strength and expertise to power progress for more than 250 credit unions and other financial institutions, enhancing the financial well-being of more than 5 million customers from coast to coast. For more information, visit www.central1.com.Caution Regarding Forward Looking Statements This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. These include, without limitation, statements relating to our financial performance objectives, vision and strategic goals, the economic, market and regulatory review and outlook for the Canadian economy and the provincial economies in which our member credit unions operate and the impacts of the COVID-19 pandemic, as well as statements that contain the words “may,” “will,” “intends” and “anticipates” and other similar words and expressions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made. Actual results may differ materially from those currently anticipated. Securityholders are cautioned that such forward-looking statements involve risks and uncertainties. Certain important assumptions by Central 1 in making forward-looking statements include, but are not limited to, competitive conditions, economic conditions, regulatory considerations, the impacts of the COVID-19 pandemic and; Central 1 may not be able to obtain necessary regulatory approvals to complete implementation of the MLP segregation plan. Important risk factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include economic risks, regulatory risks, risks and uncertainty from the impact of the COVID-19 pandemic and other risks detailed from time to time in Central 1’s periodic reports filed with securities regulators. Given these risks, the reader is cautioned not to place undue reliance on forward- looking statements. Central 1 undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.Contacts Media Ian Colvin Head of Communications Central 1 T 604 369 4031 E firstname.lastname@example.orgInvestors Brent Clode Chief Investment Officer Central 1 T 905 282 8588 or 1 800 661 6813 ext. 8588 E email@example.com
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Jaipur (Rajasthan), Nov 27 (ANI): Elephant rides at Jaipur’s Amer Fort resumed after months-long closure. The rides were prohibited due to COVID pandemic. Mahouts breathed a sigh of relief after state govt granted permission. Elephant safari is one of the key attractions at famous Amer Fort.