Sports Illustrated and The Curling News join forces.
Philip Green's Arcadia Group collapses into administration. More than 13,000 jobs at risk in biggest UK corporate failure of the Covid pandemic
TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSXV: KUU), a mobile game development and publishing company focused on providing the female audience with creative interactive gaming experiences, has reported its unaudited consolidated financial results for the three-month period ended September 30, 2020. The results have been filed with the Canadian Securities Administrators and are now available on the Company’s issuer profile at www.sedar.com. The Company’s financial year end is June 30. Highlights: * Revenues of US$1,485,348 on a combined basis for the three months period ended September 30, 2020. * Recolor recognized revenue of US$1,305,859 for the three months period ended September 30, 2020. * Ongoing efforts of sale of assets such as Recolor to fund next-generation game commercialization initiatives under consideration. CEO’s Message:Jouni Keränen, CEO of Kuuhubb Inc., commented, “I am happy to announce that our flagship next generation game, Tiles & Tales, continues to show progress and in November 2020 the soft launch was expanded to the US and Canada. Commercial and full global launch is estimated during calendar year 2021. We continue to engage in ongoing discussions for the potential divestment of Recolor and we remain committed to obtaining the best possible long-term outcome for our Company and its shareholders in any decision that is ultimately made. Recolor is an attractive addition to a number of gaming portfolios and as such, we have received indications of interest from multiple parties that require thorough investigation. COVID-19 restrictions continue to slow the due diligence process but the strategic review is progressing. While we would like to emphasize that there are no guarantees that the strategic review process will result in any change or outcome, we can state that any decision will be made in the best interest of our Company’s future and our shareholders. Finally, in order to better manage the cash situation in these challenging times, the company is in the process of implementing a new cost reduction program which aims to achieve over USD 1 million in additional savings annually.”Financial Results for the Three Months Period Ended September 30, 2020: * The Company also recognized revenue of US$179,489 for the three months period ended September 30, 2020 from its continuing operations. This revenue was generated mainly from the subscriptions to, in-application sale of virtual goods from its “My Hospital” game and related advertising revenue. * The Company generated a total of US$1,485,348 revenues for the three months period ended September 30, 2020. Recolor Oy recognized revenue of US$1,305,859 for the three months period ended September 30, 2020 and the Recolor revenue was classified as part of the discontinued operations(1). * The Company incurred cost of sales of US$130,045 during the three months ended September 30, 2020 in its continuing operations. The cost of sales is predominantly related to the application marketplace (such as Apple App Store and Google Play) fees and other third-party direct costs. * The Company incurred consulting and professional fees of US$162,441 during the three months ended September 30, 2020. These fees were related to Kuuhubb’s audit fees, general legal counsel and other professional services. * The Company’s Recolor Oy showed EBITDA of US$7,428 by adjusting the net income before tax from discontinued operations of US$3,096 with the following items:Add back of:° non-cash depreciation and amortization of US$1,301;° net interest and accretion expenses of US$3,030; * The Company showed EBITDA of negative US$831,920 by adjusting the net loss before tax from continuing operations of US$1,358,244 with the following items:Add back of:° non-cash depreciation and amortization of US$4,533;° non-cash share-based compensation of US$153,536;° net interest and accretion expenses of US$260,340;° non-cash fair value change of loan receivable from Valiance UG of US$19,900;° foreign exchange loss of US$108,486 and deduct:° the fair value change of derivative liability of US$20,470; * The authorized share capital of the Company consists of an unlimited number of common shares. As at November 30, 2020, the Company had outstanding 55,752,709 common shares, 7,100,000 stock options and 2,200,000 warrants. * The Company also has two convertible debentures with face value of €2,000,000 each. The debentures can be converted to approximately 6,408,727 common shares upon conversion. (1) Classification of Recolor Oy as held for sale and discontinued operationsAs part of the efforts to meet the Company’s obligations and build growth, the Company announced it is exploring multiple strategic alternatives, including the divestiture of Company-owned assets such as shares of Recolor Oy. This may be completed within twelve months and as such the associated assets and liabilities within Recolor Oy are presented as held for sale and the net income attributable as discontinued operations in the consolidated financial statements. Unless otherwise indicated, the analysis and discussions herein are based on the Company’s continuing operations consist of the Company’s “My Hospital” operation.Closing of Non-Convertible Debenture Financing:As previously announced, on September 30, 2020 the Company closed a non-convertible debenture financing (the “Offering”) for aggregate gross proceeds of US$1,300,000 on a non-brokered basis. The Offering is composed of secured debentures (“Debenture”), each of which has a face value of US$29,500, a Maturity Date twenty-four months from the date of closing, and bears interest at a rate of 12% per annum.The Company will use the proceeds from the Offering for business development and general working capital purposes. Full details of the Offering are available in the Company’s news release dated September 23, 2020 and filed under Kuuhubb’s profile at www.sedar.com.Settlement Agreement with Cherrypick Games:On October 7, 2020, the Company announced that further to its news release issued on August 19, 2020, it had agreed to settlement terms (the “Agreement”) with Cherrypick Games S.A. (“Cherrypick”). Terms of the Agreement provide for a lower total payment amount from Kuuhubb to Cherrypick in connection of acquisition of “My Hospital” game by €450,000 and the complete transfer of the “My Hospital” game from Cherrypick to Kuuhubb. The Agreement also sets out a payment schedule that is to be fulfilled by May 31, 2021, at which point Cherrypick will hand over to Kuuhubb the development and maintenance responsibilities for “My Hospital”.Further details on the arbitration award to Cherrypick and Kuuhubb’s Agreement with Cherrypick can be found in the Company’s consolidated financial statements for the year ended June 30, 2020 and news release dated August 19, 2020, under the Company’s profile at www.sedar.com.Exploration of Strategic Alternatives to Enhance Shareholder ValueOn September 30, 2020, the Company announced that it has been conducting a process to explore strategic alternatives, including the potential divestiture of certain Company-owned assets, including the sale of Recolor Oy within the next twelve months. The Company together with Ernst & Young, had identified potential buyers and negotiations are presently at an advanced stage. Management noted that, while they remain committed to their stated objective of creating sustainable shareholder value through the acquisition of proven, yet under-appreciated assets with long-term growth potential, they do have an obligation to their stakeholders to carefully consider and review any options that may enhance shareholder value, including the possible benefits of realizing that future value now. There can be no assurance that the strategic alternatives review process will result in any strategic change or outcome and the Company does not know the exact timetable for the conclusion of its review of strategic alternatives.EBITDA - Non-IFRS MeasureEBITDA is intended to provide additional information to investors and analysts. The Company calculated EBITDA as set out on page 2 of this press release. EBITDA does not have any standardized meaning prescribed by IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate EBITDA differently.About KuuhubbKuuhubb is a publicly listed mobile game development and publishing company, targeting the female audience with bespoke mobile experiences. Our Mission is to become a top player in the female mobile game space. We believe in empowering women by creating games and apps that will have our female audience relax, express and entertain themselves every day. Through our games and partnerships with select developers, we explore new lifestyle trends that can be converted into games and apps which will bring value to our users, employees, and shareholders. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on U.S. and Asian markets.Cautionary Note Concerning Forward-Looking InformationThis press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to future revenue and development, growth of the Company’s business) are forward looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other thing:, risks related to the growth strategy of the Company; the possibility that results from the Company’s growth plans will not be consistent with the Company's expectations; the early stage of the Company's development; competition from companies in a number of industries; the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company, including the ability to complete the sale of Recolor OY and the Codecacao Acquisition on terms which are economic or at all; the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on its business segments, capital market conditions, restrictions on labour and international travel and supply chains; and the other risks disclosed under the heading "Risk Factors" in the Company's management discussion and analysis for the twelve months ended June 30, 2020 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information, please contact:Kuuhubb Inc. Jouni Keränen – CEO email@example.com Office: +358 40 590 0919Bill Mitoulas Investor Relations firstname.lastname@example.org Office: +1 (416) 479-9547
SÃO PAULO, Brazil, Nov. 30, 2020 (GLOBE NEWSWIRE) -- XP Inc., or XP (Nasdaq: XP) announced today the commencement of an underwritten public offering of 27,567,485 Class A common shares, 7,130,435 of which are being offered by the Company and 20,437,050 of which are being offered by ITB Holding Brasil Participações Ltda. pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”). In connection with the offering, XP and the selling shareholder intend to grant the underwriters the option to purchase up to 4,135,122 additional Class A common shares. XP Investimentos, Itaú BBA, Morgan Stanley and J.P. Morgan are acting as Global Coordinators and Joint Bookrunners of this offering.The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from: XP Investimentos, Tower 45, 55 West 46th Street, 30th Floor, New York, New York 10036; Itaú BBA, 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, telephone: 1-212-710-6756 or by emailing email@example.com; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or J.P. Morgan, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204.A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 jurisdiction.About XPXP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by: * Educating new classes of investors; * Democratizing access to a wider range of financial services; * Developing new financial products and technology applications to empower clients; and * Providing high-quality customer service and client experience in the industry in Brazil.XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 750 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “aim,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc.’s control.XP Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change in external forces, among other factors.For any questions, please contact:Carlos Lazar, Head of Investor RelationsInvestor Contact: firstname.lastname@example.org André Martins, Investor Relations SpecialistIR Website: investors.xpinc.com Natali Pimenta, Investor Relations Analyst
The collapse of Topshop owner Arcadia could mean thousands of pension holders take a hit.
DALLAS, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its third quarter 2020 ended on November 1, 2020 on Thursday, December 10, 2020 after the market close. Management will hold a conference call to report these results the same day at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). The conference call can be accessed over the phone by dialing (720) 543-0214 or toll-free (888) 254-3590. A replay will be available after the call for one year beginning at 7:00 p.m. Central Time (8:00 p.m. Eastern Time) and can be accessed by dialing (412) 317-6671 or toll-free (844) 512-2921; the passcode is 9070022.Additionally, a live and archived webcast of the conference call will be available at www.daveandbusters.com under the Investor Relations section.About Dave & Buster’s Entertainment, Inc.Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 138 venues in North America that combine entertainment and dining and offer customers the opportunity to "Eat Drink Play and Watch," all in one location. Dave & Buster's offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Dave & Buster's currently has stores in 40 states, Puerto Rico, and Canada.For Investor Relations Inquiries: Scott Bowman, CFO Dave & Buster’s Entertainment, Inc. (972) 813-1151 email@example.com
These deals are *chef's kiss*
Shareholder rights law firm Robbins LLP announces that it is investigating the officers and directors of Cabot Oil and Gas Corporation (NYSE: COG) for breaches of fiduciary duties and violations of the Securities and Exchange Act of 1934 for wrongdoing beginning in October 2015. Cabot is an independent oil and gas company primarily operating in Pennsylvania's Marcellus Shale.
Destruction of the rainforest increased by 9.5% compared to the previous 12 months, new data shows.
Labour will abstain in Tuesday's Commons vote on new coronavirus restrictions that set to replace the national lockdown. Labour leader Sir Keir Starmer said that while his party accepted the need for continued restrictions they could not vote for them without a "credible health and economic plan in place". It came after Boris Johnson said on Monday it would be wrong to “take our foot off the throat of the beast” now, with up to 100 Tories unhappy about the tiered approach for England.
From designer handbags to failsafe denim, get these discounts before the event finishes at midnight tonight
Manchester United welcome Paris Saint-Germain on Wednesday night in what is arguably the tie of Champions League matchday 5. United have already beaten last season’s finalists once this season, with Marcus Rashford’s late goal in Paris getting the Red Devils off to a perfect start in Group H. Ole Gunnar Solskjaer’s side then thrashed RB Leipzig 5-0 to leave themselves odds-on to reach the last-16, but only picked up three points from their double-header against Istanbul Basaksehir after losing in Turkey.
Santa Fe, NM, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The International Folk Art Market (IFAM), the world’s largest folk art market, is hosting a winter virtual market December 2 – 6. The event features 27 first-time IFAM artists from Colombia, Ghana, Guatemala, India, Mexico, Peru, Ukraine and Uzbekistan. The artists, among other new Market participants, had been selected to participate in the summer event, that was canceled due to the COVID-19 pandemic. The 2020 cohort of Market artists have all been invited to return to IFAM’s next Market offering. The new work includes baskets, apparel, home textiles, jewelry, ceramics and 3D pieces.“This is the first time these artists’ work will be available at IFAM,” said Stuart Ashman, IFAM CEO. “Their body of work is incredible, and we are thrilled to unveil it at this year’s winter event.”One of the premier first-time artists is Pachan Premjibhai Siju. From India, he incorporates contemporary styles with the craftsmanship of the elders to produce one-of-a-kind shawls. His weavings tell the story of climate change on the world as a whole and the tradition of weaving. “I have been thinking about climate change,” he said. “Our original products were sustainable, but today commercial work often is not. I wanted to create work that is contemporary and sustainable.”See more about Siju and his work at: http://ifamstories.org/artists/pachan-premjibhai-siju/A father-son team are also first-time artists. From Usbekistan, Bakhtiyor and Diyorbek Nazirov both began their crafts at the age of 12. The process of making traditional Rishtan ceramics has remained mostly unchanged for more than 800 years. The Nazirovs are known for their intricate designs in blue and turquoise which, according to ancient beliefs, are the colors of pure water and cloudless sky, symbolizing happiness.See more about their work at: http://ifamstories.org/artists/bakhtiyor-nazirov-diyorbek-nazirov/The IFAM winter market items are available for preview until the market opens on December 2. Go to IFAM for more information. CONTACT: Joanie Griffin International Folk Art Market 505-261-4444 firstname.lastname@example.org
This year, Young and El Moussa will have the kids on Christmas Day.
Although the fall of the retail group puts 13,000 jobs at risk, there will be no immediate redundancies.
The owner of Dove soap and Ben & Jerry's ice cream is testing a shorter week in New Zealand.
Timeline: the rise and fall of Philip Green. Knighted in 2006 and once worth £4.9bn, Green became the ‘unacceptable face of capitalism’
LONDON and NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) -- MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated, clinical stage gene therapy company, today announced that Alexandria Forbes, Ph.D., president and chief executive officer, will present at the Evercore ISI 3rd Annual HealthCONx Conference at 10:05 a.m. ET on December 3, 2020. A live webcast of the presentation will be available on the Investors page of the Company’s website at www.investors.meiragtx.com. A replay of the webcast will be available for approximately 90 days following the presentation.About MeiraGTx MeiraGTx (Nasdaq: MGTX) is a vertically integrated, clinical stage gene therapy company with six programs in clinical development and a broad pipeline of preclinical and research programs. MeiraGTx has core capabilities in viral vector design and optimization and gene therapy manufacturing, as well as a potentially transformative gene regulation technology. Led by an experienced management team, MeiraGTx has taken a portfolio approach by licensing, acquiring and developing technologies that give depth across both product candidates and indications. MeiraGTx’s initial focus is on three distinct areas of unmet medical need: inherited retinal diseases, neurodegenerative diseases and severe forms of xerostomia. Though initially focusing on the eye, central nervous system and salivary gland, MeiraGTx intends to expand its focus in the future to develop additional gene therapy treatments for patients suffering from a range of serious diseases.For more information, please visit www.meiragtx.com.Contacts Investors: MeiraGTx email@example.comMedia: W2O pure Christiana Pascale (212) 257-6722 firstname.lastname@example.org
ImmunoGen Announces Conference Call to Discuss Recent Updates for IMGN632 in Blastic Plasmacytoid Dendritic Cell Neoplasm and Acute Myeloid Leukemia