KBW Announces Index Rebalancing for Fourth-Quarter 2019

NEW YORK, Dec. 13, 2019 (GLOBE NEWSWIRE) — Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2019.

This quarter, there are constituent changes within four of our indexes, including the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX), the KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX). 

There are a number of changes to the two modified-dividend-yield-weighted indexes – KDX and the KYX – to adjust annually for relevant dividend yields and ensure the integrity of these indexes. Both KDX and KYX are specifically constructed to include those eligible companies with competitive dividend yields.

These changes will be effective prior to the opening of business on Monday, December 23, 2019.

As part of this rebalancing, below are the component level changes across various indices:


KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX; ETF Ticker: KBWD)

     

Add (12):
  Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)
    Apollo Global Management Inc. (NYSE: APO)
    Apollo Investment Corporation (NASDAQ: AINV)
    Bank of N.T. Butterfield & Son Limited (NYSE: NTB)
    BlackRock TCP Capital Corporation (NASDAQ: TCPC)
    New Mountain Finance Corporation (NYSE: NMFC)
    Newtek Business Services Corporation (NASDAQ: NEWT)
    PennantPark Investment Corporation (NASDAQ: PNNT)
    Prospect Capital Corporation (NASDAQ: PSEC)
    Prudential Financial, Inc. (NYSE: PRU)
    TCG BDC, Inc. (NASDAQ: CGBD)
    Virtu Financial, Inc. (NASDAQ: VIRT)
     

Delete (11):
  AG Mortgage Investment Trust, Inc. (NYSE: MITT)
    Aircastle Limited (NYSE: AYR)
    Arlington Asset Investment Corporation (NYSE: AI)
    BlackRock Capital Investment Corporation (NASDAQ: BKCC)
    Chimera Investment Corporation (NYSE: CIM)
    Federated Investors, Inc. (NYSE: FII)
    Legg Mason, Inc. (NYSE: LM)
    Monroe Capital Corporation (NASDAQ: MRCC)
    People’s United Financial, Inc. (NASDAQ: PBCT)
    THL Credit, Inc. (NASDAQ: TCRD)
    Valley National Bancorp (NASDAQ: VLY)
     

KBW Nasdaq Financial Technology Index (Index Ticker: KFTX,
ETF Ticker: FTEK.LN)
     

Add (2):
  GreenSky, Inc. (NASDAQ: GSKY)
    Meta Financial Group, Inc. (NASDAQ: CASH)
     

Delete (2):
  LendingTree, Inc. (NASDAQ: TREE)
    On Deck Capital, Inc. (NYSE: ONDK)
     
ONDK failed to meet the minimum market capitalization requirement for continued inclusion.
TREE failed to meet the average daily trading volume (ADTV) requirement for continued inclusion.
     

KBW Nasdaq Global Bank Index (Index Ticker: GBKX)
     

Add (1):
  Toronto-Dominion Bank (TSX: TD)
     

KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX; ETF Ticker: KBWY)
     

Add (10):
  American Finance Trust, Inc. (NASDAQ: AFIN)
    Brandywine Realty Trust (NYSE: BDN)
    Brookfield Property REIT Inc. (NASDAQ: BPR)
    CorePoint Lodging, Inc. (NYSE: CPLG)
    Gladstone Commercial Corporation (NASDAQ: GOOD)
    Global Medical REIT Inc. (NYSE: GMRE)
    Industrial Logistics Properties Trust (NASDAQ: ILPT)
    Macerich Company (NYSE: MAC)
    Tanger Factory Outlet Centers, Inc. (NYSE: SKT)
    Taubman Centers, Inc. (NYSE: TCO)
     

Delete (9):
  Braemar Hotels & Resorts, Inc. (NYSE: BHR)
    Brixmor Property Group, Inc. (NYSE: BRX)
    Gaming and Leisure Properties, Inc. (NASDAQ: GLPI)
    Kite Realty Group Trust (NYSE: KRG)
    Lexington Realty Trust (NYSE: LXP)
    Omega Healthcare Investors, Inc. (NYSE: OHI)
    Summit Hotel Properties, Inc. (NYSE: INN)
    VEREIT, Inc. (NYSE: VER)
    Washington Prime Group Inc. (NYSE: WPG)
     

Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KBWRSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).

Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK LN can contact Invesco at https://etf.invesco.com/gb/private/en/product/invesco-kbw-nasdaq-fintech-ucits-etf-acc/trading-information. U.S. investors cannot buy or hold FTEK LN. An investor cannot invest directly in an index.

About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

Media Contact

Neil Shapiro, (212) 271-3447
shapiron@stifel.com

NXT Energy Solutions Inc. Issues Direction to Alberta Green Ventures Limited Partnership Regarding Loan Repayment

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) has issued a direction (the “Direction”) to Alberta Green Ventures Limited Partnership (“AGV”) to deliver for cancellation the number of common shares in the capital of the Company (“Common Shares”) held by AGV that is equivalent to the US$250,000.00 principal amount (the “Principal Amount”) previously loaned by the Company to AGV, the price per Common Share being the volume weighted average trading price of the Common Shares as reported and traded on the Toronto Stock Exchange for the five (5) trading days immediately preceding the date of repayment, and to pay by wire transfer or other immediately available funds all accrued and unpaid interest thereon (the “Interest”), all in accordance with the terms of the promissory note dated September 6, 2019 (the “Loan Repayment”). 

Calculated at market close on December 13, 2019, the last business and trading day before the date of repayment, being December 15, 2019 (the “Repayment Date”), NXT has elected to receive from AGV, subject to receipt of necessary regulatory approvals (as discussed further below):

  1. 543,673 Common Shares, calculated as (i) the product of (A) US$250,000.00, being the Principal Amount, and (B) 1.3183, being the daily average US$/C$ exchange rate as quoted on the Bank of Canada’s website for December 13, 2019 (the last business date for which a daily average exchange rate was published before the Repayment Date), (ii) divided by C$0.6062, being the volume weighted average trading price of the Common Shares as reported and traded on the Toronto Stock Exchange for the five (5) trading days immediately preceding the Repayment Date, and
     
  2. US$1,366.12 in Interest, satisfied by way of wire transfer or other immediately available funds.

Repayment of the Principal Amount by way of Common Shares constitutes an “issuer bid” under applicable securities laws, and the acquisition of the Common Shares is therefore conditional upon NXT being exempt from the requirements typically applicable to such transactions. The Company intends to file an application for exemptive relief (the “Requested Relief”) with the Alberta Securities Commission (the “ASC”) now that the Direction has been issued to AGV and an election to receive Common Shares as repayment of the Principal Amount has been made thereunder. The Company may change its election to receive the entire Loan Repayment by way of wire transfer or other immediately available funds if the ASC does not approve the Company’s application and the Requested Relief is not granted, or for any other reason at any time if the Company so decides, in its sole and absolute discretion. 

For further information regarding the loan arrangement, please refer to the Company’s news release dated September 6, 2019, the Company’s management discussion and analysis and interim financial statements for the three and nine months ended September 30, 2019, and the material change report filed on November 25, 2019. 

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company with its principal office at Suite 302, 3320 – 17th Avenue SW, Calgary, Alberta, Canada. NXT’s proprietary SFD® survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with exploration potential. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information

For investor and media inquiries please contact:

Eugene Woychyshyn George Liszicasz 
Vice President of Finance & CFO President & CEO
+1 403 206 0805 +1 403 206 0800

nxt_info@nxtenergy.com

nxt_info@nxtenergy.com

www.nxtenergy.com

www.nxtenergy.com

Forward-Looking Statements

Certain information provided in this press release may constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “estimate”, “will”, “expect”, “”plan”, “schedule”, “intend”, “propose” or similar words suggesting future outcomes or an outlook. Forward-looking information in this press release includes, but is not limited to: NXT’s election as to the Loan Repayment, including the amounts to be received by way of wire transfer or other immediately available funds and the number of Common Shares to be received for cancellation, and any subsequent changes with respect thereto; AGV’s compliance with the terms of the promissory note and the Direction; and the ability of NXT to rely on and obtain all necessary and required regulatory approvals and exemptions in connection therewith and to obtain such approvals and exemptions in a timely and efficient manner. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Risk factors facing the Company are described in its most recent management discussion and analysis for the three and nine month periods ended September 30, 2019, which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval (SEDAR) located at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

Annual Changes to the NASDAQ Biotechnology Index

NEW YORK, Dec. 13, 2019 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ Biotechnology Index (Nasdaq:NBI), which will become effective prior to market open on Monday, December 23, 2019.

The following 40 securities will be added to the Index:

EXCHANGE SYMBOL COMPANY NAME
Nasdaq ADMA ADMA Biologics Inc.
Nasdaq ADPT Adaptive Biotechnologies Corp.
Nasdaq AFMD Affimed NV
Nasdaq AKRO Akero Therapeutics Inc.
Nasdaq ALEC Alector Inc.
Nasdaq ALLO Allogene Therapeutics Inc.
Nasdaq ARDX Ardelyx Inc.
Nasdaq ARVN Arvinas Inc.
Nasdaq ASMB Assembly Biosciences Inc.
Nasdaq AXNX Axonics Modulation Technologies Inc.
Nasdaq AXSM Axsome Therapeutics Inc.
Nasdaq BBIO BridgeBio Pharma Inc.
Nasdaq BCEL Atreca Inc.
Nasdaq BDSI BioDelivery Sciences International Inc.
Nasdaq CGEN Compugen Ltd.
Nasdaq CHMA Chiasma Inc.
Nasdaq CSTL Castle Biosciences Inc.
Nasdaq DTIL Precision BioSciences Inc.
Nasdaq GH Guardant Health Inc.
Nasdaq GMAB Genmab A/S
Nasdaq GOSS Gossamer Bio Inc.
Nasdaq GRTS Gritstone Oncology Inc.
Nasdaq KOD Kodiak Sciences Inc.
Nasdaq KRTX Karuna Therapeutics Inc.
Nasdaq MGTX MeiraGTx Holdings plc
Nasdaq MRNA Moderna Inc.
Nasdaq NGM NGM Biopharmaceuticals Inc.
Nasdaq ORTX Orchard Therapeutics plc
Nasdaq OSMT Osmotica Pharmaceuticals PLC
Nasdaq PRNB Principia Biopharma Inc.
Nasdaq PRVL Prevail Therapeutics Inc.
Nasdaq PSNL Personalis Inc.
Nasdaq PTGX Protagonist Therapeutics Inc.
Nasdaq SNY Sanofi
Nasdaq SRRK Scholar Rock Holding Corp.
Nasdaq STOK Stoke Therapeutics Inc.
Nasdaq TPTX Turning Point Therapeutics Inc.
Nasdaq TWST Twist Bioscience Corp.
Nasdaq XBIT XBiotech Inc.
Nasdaq YMAB Y-mAbs Therapeutics Inc.

The Index is designed to track the performance of a set of securities listed on The Nasdaq Stock Market® (NASDAQ®) that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark (ICB).

As a result of the evaluation, the following 36 securities will be removed from the Index:

EXCHANGE SYMBOL COMPANY NAME
Nasdaq ABUS Arbutus Biopharma Corp.
Nasdaq ACOR Acorda Therapeutics Inc.
Nasdaq ACRS Aclaris Therapeutics Inc.
Nasdaq ACRX AcelRx Pharmaceuticals Inc.
Nasdaq ADAP Adaptimmune Therapeutics Plc
Nasdaq ADMS Adamas Pharmaceuticals Inc.
Nasdaq ADRO Aduro Biotech Inc.
Nasdaq APTX Aptinyx Inc.
Nasdaq AQST Aquestive Therapeutics Inc.
Nasdaq ASRT Assertio Therapeutics Inc.
Nasdaq AXGT Axovant Gene Therapies Ltd.
Nasdaq CLVS Clovis Oncology Inc.
Nasdaq CNCE Concert Pharmaceuticals Inc.
Nasdaq CRNX Crinetics Pharmaceuticals Inc.
Nasdaq DBVT DBV Technologies SA
Nasdaq ELOX Eloxx Pharmaceuticals Inc.
Nasdaq FPRX Five Prime Therapeutics Inc.
Nasdaq KALA Kala Pharmaceuticals Inc.
Nasdaq KNSA Kiniksa Pharmaceuticals Ltd.
Nasdaq MNOV MediciNova Inc.
Nasdaq NERV Minerva Neurosciences Inc.
Nasdaq NVAX Novavax Inc.
Nasdaq OCUL Ocular Therapeutix Inc.
Nasdaq PRTK Paratek Pharmaceuticals Inc.
Nasdaq PTI Proteostasis Therapeutics Inc.
Nasdaq REPL Replimune Group Inc.
Nasdaq SBBP Strongbridge Biopharma PLC
Nasdaq STIM Neuronetics Inc.
Nasdaq SURF Surface Oncology Inc.
Nasdaq SVRA Savara Inc.
Nasdaq SYBX Synlogic Inc.
Nasdaq TOCA Tocagen Inc.
Nasdaq UMRX Unum Therapeutics Inc.
Nasdaq VSTM Verastem Inc.
Nasdaq XENE Xenon Pharmaceuticals Inc.
Nasdaq ZFGN Zafgen Inc.

About Nasdaq Global Indexes

Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend and Income (includes Dividend Achievers), Dorsey Wright, Fixed Income (includes BulletShares®), Global Equity, Green Economy, Nordic and Commodity indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index and design solutions to financial organizations worldwide.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media
Contacts: Matthew Sheahan, Nasdaq
(212) 231-5945

Issuer & Investor Contact: Index Client Services
(844) 717-0708

NDAQG

Annual Changes to the NASDAQ-100 Index

NEW YORK, Dec. 13, 2019 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the results of the annual evaluation of the NASDAQ-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 23, 2019.

The following six companies will be added to the Index: ANSYS, Inc. (Nasdaq: ANSS), CDW Corporation (Nasdaq: CDW), Copart, Inc. (Nasdaq: CPRT), CoStar Group, Inc. (Nasdaq: CSGP), Seattle Genetics, Inc. (Nasdaq: SGEN), Splunk Inc. (Nasdaq: SPLK).

The NASDAQ-100 Index is composed of the 100 largest non-financial companies listed on The NASDAQ Stock Market® and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index®, which is comprised of the 100 largest financial stocks on NASDAQ®. These indexes act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is evaluated each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

On a cumulative price return basis, the NASDAQ-100 Index has returned almost 6,673.51% since inception, although past performance is not indicative of future performance.

The NASDAQ-100 Index is the basis of the Invesco QQQ Trust (Nasdaq: QQQ) which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the Invesco QQQ Trust trade on various exchanges. In March 2019 the QQQ celebrated its 20th anniversary with a celebratory opening bell ringing at Nasdaq MarketSite.

As a result of the evaluation, the following six companies will be removed from the Index: Hasbro, Inc. (Nasdaq: HAS), Henry Schein, Inc. (Nasdaq: HSIC), J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT), Mylan N.V. (Nasdaq: MYL), NortonLifeLock Inc. (Nasdaq: NLOK), Wynn Resorts, Limited (Nasdaq: WYNN).

Information

For information about the six companies to be added to the NASDAQ-100 Index, please visit the following respective company websites:

ANSYS, Inc. – https://www.ansys.com/

CDW Corporation – https://www.cdw.com/

Copart, Inc. – https://www.copart.com/

CoStar Group, Inc. – https://www.costargroup.com/

Seattle Genetics, Inc. – https://www.seattlegenetics.com/

Splunk Inc. – https://www.splunk.com/

About Nasdaq Global Indexes

Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend and Income (includes Dividend Achievers), Dorsey Wright, Fixed Income (includes BulletShares®), Global Equity, Green Economy, Nordic and Commodity indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index and design solutions to financial organizations worldwide.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media
Contact: Matthew Sheahan, Nasdaq
(212) 231-5945

Issuer & Investor Contact: Index Client Services
(844) 717-0708

NDAQG

Rivers Casino Des Plaines Opens New Sports Bar and Expands Gaming Floor

Illinois’ First Land-Based Casino to Complete Parking Garage Expansion by Summer 2020

DES PLAINES, Ill., Dec. 13, 2019 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) and Rush Street Gaming announced today that their joint venture, Rivers Casino Des Plaines, has opened its new 4,840 square foot state-of-the-art BetRivers SportsBar. The BetRivers SportsBar features a 47-foot-wide ultra HD LED video wall and ten 86-inch and four 75-inch HD televisions placed throughout, offering patrons a panoramic view of live sports events. The new bar will also have a full service island bar with seating for 32, 26 bar-top video poker games, 32 leather lounge chairs and additional table seating options.

The BetRivers SportsBar space was designed to provide an ultra-luxury viewing experience for Chicago’s sports fans looking for an engaging game-day experience and will eventually be home to the casino’s sports book pending Illinois Gaming Board regulatory approval.

“The BetRivers SportsBar will provide an experience that rivals a live game-day stadium,” said Corey Wise, General Manager of Rivers Casino Des Plaines. “We will offer sports fans a premium luxury experience with great visuals, acoustics, service and comradery with fellow sports fans.”

Rivers Casino Des Plaines has also added a new table-game area on the casino floor adjacent to the BetRivers SportsBar. Additional slot machines and table games have been added throughout the facility along with new viewing screens in the Lotus cocktail lounge in the center of the casino for watching sporting events. In total, this phase of the expansion has resulted in an increase of 115 slot machines and 8 table games. Expansion of the Rivers Casino Des Plaines parking garage is expected to be complete by summer of 2020.

About Rush Street Gaming

Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and operate successful casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York.  Rush Street Gaming and its affiliates have become one of the leading casino developers in the United States and operators of online casinos and sports books. Additional information at: www.rushstreetgaming.com.

About Churchill Downs Incorporated
Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville. We also own and operate the largest online horseracing wagering platform in the U.S., TwinSpires.com, and are a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines / video lottery terminals and 200 table games in eight states. We also operate sports wagering and iGaming through our BetAmerica platform in multiple states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this presentation are made pursuant to the Act. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; our inability to utilize and provide totalisator services; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; changes in regulatory environment of our online horseracing business; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; costs, delays, and other uncertainties relating to the  development and expansion of casinos; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs.

Contact: Nick Zangari
(502) 394-1157
Nick.Zangari@kyderby.com

Genesco Fits 400 Children With New Footwear For The Holidays

–250 Company Volunteers Share the Spirit of the Season Through its Community Outreach Cold Feet, Warm Shoes Program–

PR Newswire

NASHVILLE, Tenn., Dec. 13, 2019 /PRNewswire/ — Nashville-based Genesco Inc. along with 250 company volunteers fit 400 students at Park Avenue Elementary with new shoes for the holidays. As part of the Company’s 30th Annual “Cold Feet, Warm Shoes” community outreach event, Genesco volunteers set up a mock shoe store, fitted new shoes, gave away sweatshirts, socks and snacks to the students, providing a fun and empowering experience for local school children.  The Company was joined by several Tennessee Titans for the fitting.

About Genesco Inc.
Genesco Inc., (NYSE:GCO) a Nashville-based specialty retailer, sells footwear and accessories in more than 1,490 retail stores throughout the U.S., Canada, the United Kingdom and the Republic of Ireland, principally under the names Journeys, Journeys Kidz, Schuh, Schuh Kids, Little Burgundy, Johnston & Murphy, and on internet websites www.journeys.com, www.journeyskidz.com, www.journeys.ca, www.schuh.co.uk, www.littleburgundyshoes.com, www.johnstonmurphy.com, www.johnstonmurphy.ca, www.trask.com, and www.dockersshoes.com.  In addition, Genesco sells wholesale footwear under its Johnston & Murphy brand, the Trask brand, the licensed Dockers brand, and other brands. For more information on Genesco and its operating divisions, please visit www.genesco.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/genesco-fits-400-children-with-new-footwear-for-the-holidays-300974877.html

SOURCE Genesco Inc.

Dr. Azza Halim of American Academy of Anti Aging Medicine Announces Insights on Anti-Aging Treatments That Lead to Youthful Looking Skin

Boca Raton, FL, Dec. 13, 2019 (GLOBE NEWSWIRE) — The natural aging process, called intrinsic aging, is largely controlled by our genes and shows up as visible lines on our face, a loss of youthful fullness, and thinner, drier skin. Extrinsic aging – the environment and lifestyle choices – unfortunately can add to skin aging prematurely.

Dr. Azza Halim, is a board-certified anesthesiologist, multi-speciality trained physician in aesthetic medicine and a member of The American Academy of Anti Aging Medicine. Halim says, “Reasons to look younger than your chronological age are many, ranging from enhancing self-esteem, as a part of an overall regimen to look and feel younger, or even professional career motivations or social reasons – such as returning to the dating scene or even an upcoming reunion.”

Azza MD Beauty is creating customized anti-aging treatment plans and beauty solutions are a major focus of the medical practice of Azza Halim, MD, a board-certified physician/anesthesiologist. Dr. Halim has a broad background in this field through her work with a wide range of surgeons and dermatologists who have mentored and trained her extensively.

Thankfully, in 2019, it is possible to slow down the effects of aging and improve the skin’s texture, tone and tautness, resulting in a more youthful looking skin all without surgery. To accomplish this reversal, non-invasive and minimally-invasive aesthetic procedures are quickly becoming the anti-aging treatment of choice to address skin rejuvenation.

Halim continues to say that high patient satisfaction, immediate results (and in some cases, long-term), no downtime, minimal discomfort, low incidence of adverse effects, shorter recovery time, and lower costs all make non-surgical anti-aging procedures a growing preference over traditional surgical options. Minimally invasive treatment options are also used routinely – and successfully – to maintain surgical results.

Today, younger and younger clients are sampling from the full menu of non-surgical aesthetic procedures and coupling them with an essential skincare routine at home – choosing medical grade products they have purchased at the same anti-aging treatment clinic where they just finished getting their procedure. Our consultants work closely with our clients to match the best skin care product that will enhance the aesthetic procedure plan they have developed together.

The range of treatment options is wide open and can be overwhelming. Everyone’s aesthetics goals are different. Everyone’s facial anatomy is different. Everyone’s lifestyle circumstances are different.

Consulting with medical professionals who are specifically and rigorously trained and certified in aesthetic treatments is the best way to determine a treatment plan with the best non-surgical anti-aging procedures for you to achieve your best outcome. But it’s helpful to be at least familiar with the options. This is why Dr. Azza Halim not only customizes each treatment plan, she also educates her patients on every aspect and options available. 

For more information, please visit: https://www.a4m.com/

Contact:

Shazir Mucklai

Imperium Group

shazirm@aol.com

Tutor Perini Statement on Jury’s Decision in SR 99 Alaskan Way Viaduct Replacement Project Trial

Tutor Perini Statement on Jury’s Decision in SR 99 Alaskan Way Viaduct Replacement Project Trial

LOS ANGELES–(BUSINESS WIRE)–
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, released the statement below in reaction to a jury verdict in favor of the plaintiff in the case of Washington State Department of Transportation v. Seattle Tunnel Partners (“STP”) et. al., a trial conducted in the Thurston County District Court in the state of Washington. The trial dealt with various disputed claims related to the SR 99 Alaskan Way Viaduct Replacement Project, which was constructed by STP, a joint venture between the Company and Dragados USA, Inc.

Tutor Perini is disappointed with the jury’s decision and will appeal the verdict in this case, which conflicts directly with the findings of an independent Dispute Review Board’s (“DRB”) proceedings that were conducted over the course of the project, including a key finding by the DRB that the steel pipe casing unexpectedly encountered by the tunnel boring machine constituted a “differing site condition.” Over the past several years, Tutor Perini has consistently asserted that the Company (through its 45% participation in STP) is owed compensation for substantial costs incurred as a result of that unexpected encounter and the subsequent delays and repairs that ensued. The Company is reviewing today’s decision to evaluate any potential financial impact on the Company and will provide any required disclosure once that evaluation has been completed. A separate court trial in King County, Washington pertaining to the pursuit of associated claims against insurance policies that covered the project is expected to occur in the latter part of next year or in 2021.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Legal Professional Services

MEDIA:

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Update: Planned Power Shutoffs Are Endangering Californians

NeoVolta’s NV14 Home Energy Storage System Delivers High-Capacity, Continuous Backup Power

SAN DIEGO, Dec. 13, 2019 (GLOBE NEWSWIRE) — NEOVOLTA INC. (OTCQB: NEOV) – California’s recent power shutoffs, unprecedented in scale, were intended to prevent power lines from sparking wildfires. Millions of residents were plunged into darkness and chaos, for several days in some cases. Schools and businesses were closed, and the financial impact could be in the billions. Even worse, these power shutoffs pose a serious risk to some of the most vulnerable Californians.

Without electrical power, people are left without access to vital life-supporting and life-enhancing equipment, medications requiring refrigeration may be at risk, and mobility devices may not be able to be recharged. 

California now faces a longer and more intense fire season fueled by hot, dry winds. All three of its utility giants—Pacific Gas and Electric, Southern California Edison, and San Diego Gas & Electric—have cut power to areas across the state in recent weeks. PG&E has announced that its planned shutdowns could last another ten years.

Many Californians are looking to solar power as a way to make their homes resilient against these outages. But rooftop panels alone won’t keep the lights on during a blackout. For that, solar panels must be paired with an energy storage system. These systems take the excess solar energy a home produces and stores it in a battery. The stored energy can be used at nighttime, when utility companies charge peak demand rates, or as backup power if the grid goes down.

Of all the home energy storage systems on the market, one of the most powerful comes from San Diego: the NeoVolta NV14.

When the grid goes down, the NV14 will automatically disconnect from the grid and immediately start powering critical loads. With its high storage capacity of 14.4 kilowatt hours and 7.6 kW of continuous power, the NV14 can keep more household appliances running longer than competitors in its class. With its advanced lithium iron phosphate chemistry, the NV14 is safer, cleaner, and longer lasting than ordinary lithium ion batteries.

The NV14 is now being installed in homes across Southern California and will expand into Northern California in the next six months. It has been approved by the California Energy Commission (CEC) as a certified energy storage system. The NV14 can connect with any residential solar installation—new or existing, AC or DC. The critical load panel is included in the package, with lower installation costs than comparable systems.

“These public safety power shutoffs are crippling, and no one knows if they actually prevent wildfires,” said Brent Willson, CEO of NeoVolta. “But they’re going to be a fact of life in California for the foreseeable future. Every household must be prepared to deal with long-term outages with little advance notice. The high-capacity NeoVolta NV14 is engineered to get you through the crisis.”

Correction: On December 9, 2019, the Company issued a press release referencing the ability to utilize the NV14 for medical needs. For the avoidance of doubt, the NV14 is not intended for use as a primary or back-up power source for life-support systems, other medical equipment, or any other use where product failure could lead to injury to persons or loss of life or catastrophic property damage.

About NeoVolta – NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage batteries capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate chemistry, the NV14 is equipped with a solar rechargeable 14.4 kWh battery, a 7,680-Watt inverter and a web-based energy management system with 24/7 monitoring. By storing energy instead of sending it back to the grid, consumers can protect themselves against blackouts, avoid expensive peak demand electricity rates charged by utility companies when solar panels aren’t producing, and get one step closer to grid independence.

For more information visit: http://www.NeoVolta.com  email us: IR@NeoVolta.com or call us: 858-239-2029

Forward-Looking Statements: Some of the statements in this release are 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 the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the continued increase in utility rates. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the “Risk Factors” section of NeoVolta’s Form 1-A filing filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Jetlines Announces Business Combination with Global Crossing Airlines

VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) announces that it has entered into a letter of intent (the “LOI”) with Global Crossing Airlines (“GLOBALX”) with respect to a business combination of Jetlines and GLOBALX (the “Transaction”). GLOBALX is a developing United States based charter airline and is financially backed by two Miami based private-equity firms.

GLOBALX is a Delaware corporation in the pre-revenue stage with its head office located at Miami International Airport. GLOBALX plans to operate a US 121 charter airline using the Airbus A320-200 aircraft. GLOBALX business model includes the intention to provide ACMI and wet lease contracts to airlines operating within and to the United States and develop aircraft interchange with leading European charter/tour operators GLOBALX is currently in regulatory certification and is led by an operating team with a combined 140 years’ experience – including the former head of maintenance for two major US based A320 LCC carriers, and two retired Principal FAA inspectors with specific experience in the new Safety Management Systems and Quality Assurance.

In addition to the core business of GLOBALX, the combined entity (“Resulting Issuer”) will continue with an operating plan for Canada. This includes continuing to advance the Air Operator Certificate for Jetlines through the continued refinement of the Jetlines operating manuals and maintained in submission ready status. The Resulting Issuer also intends to initially operate charter operations in concert with major tour operators from Canadian cities to major leisure destinations in the United States. It is intended that GLOBALX aircraft will be used to operate these flights – branded as Jetlines, operated by GLOBALX.

Jetlines has determined that the Transaction provides the best opportunity at the present time to maximize value for the Company. The current intra-Canadian airline market is in a state of flux with consolidation ongoing at the major carriers, as well as at least three currently operating or planned market entrants in the Ultra-Low Cost Carrier segment. There is also no certainty regarding when the Canadian Competition Bureau will complete its investigation into WestJet and Swoop, or what the results of that investigation may be. The Transaction provides Jetlines with an opportunity to fly cross border with support from strategic partners who can provide lift, crews, marketing, sales, and capitalization. It also preserves the longer-term opportunity to continue with an intra-Canadian airline operation.

Mr. Mark Morabito commented, “While Jetlines made significant progress in building out a management team, advancing the airline licensing process, establishing systems, securing routes and obtaining financing commitments, ultimately current market conditions necessitated a change in strategy. The GLOBALX plan preserves Jetlines strategy long term and provides a more immediate opportunity to commence airline operations. I am resigning from Jetlines at this time in order to facilitate the GLOBALX transaction and its plans to restructure management.”

The Transaction is subject to the execution of a definitive transaction documents, approval of the TSX Venture Exchange (the “Exchange”), approval of the Jetlines and GLOBALX shareholders and other conditions customary for a transaction of this nature. There can be no assurance that the Transaction will be completed as proposed or at all.

Transaction Highlights


LOI

The following are the highlights of the terms and conditions of the LOI:

  • The Transaction is subject to the parties executing definitive transaction documents on or before January 30, 2020 (the “Transaction Documents”) and the final structure of the Transaction is to be determined upon the receipt of securities, tax and financial advice.
  • GLOBALX has outstanding the following securities: 500 shares, nil warrants and nil stock options.
  • The exchange ratio for the Transaction will (subject to adjustment for the Bridge Loan (defined below)) result in existing shareholders of Jetlines holding 49% of the common and variable voting shares of the Resulting Issuer (“Resulting Issuer Shares”) and shareholders of GLOBALX holding 51% of the Resulting Issuer Shares.     
  • The Transaction is subject to the following key conditions:
    • the parties will execute the Transaction Documents by January 30, 2020;
    • Jetlines will consolidate its share capital of a 10:1 basis and change its name to Global Crossing Airlines Group;
    • the parties will complete due diligence investigations, each to their own satisfaction, prior to executing the Transaction Documents;
    • GLOBALX shall designate a proposed team of officers, directors and board committee members of the Resulting Issuer which will be set out in the Transaction Documents;
    • the Transaction will have received approval of the Exchange and all necessary regulatory, corporate and shareholder approvals; and                                       
    • receipt of a report of a sponsor in respect of the Transaction or waiver from the sponsorship requirement by the Exchange.
  • GLOBALX will provide Jetlines with a secured bridge loan for up to $300,000 (the “Bridge Loan”). The Bridge Loan will be advanced in tranches of $100,000 based on a budget agreed to between Jetlines and GLOBALX. Each $100,000 advanced will increase the ownership interest of GLOBALX shareholders in the resulting issuer by approximately 0.56%. If the full $300,000 of the Bridge Loan is advanced, the percentage interest of Jetlines shareholders and GLOBALX shareholders in the Resulting Issuer shall be 47.35% and 52.65% respectively.
  • Prior to the closing of the Transaction, GLOBALX may receive commitments for financing for up to $20,000,000, to be raised in a series of tranches.


Additional Information

Full details of the Transaction will be included in the Definitive Agreement and Management Information Circular to be filed with the regulatory authorities and mailed to Jetlines shareholders in accordance with applicable securities laws. The Transaction is being conducted entirely at arm’s length. The name of the Resulting Issuer will be “Global Crossing Airlines Group”

Additional information as required will be provided by way of a subsequent news release. Trading in the common shares of the Company on the Exchange will remain halted until such time as the requirements of the Exchange are met.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Jetlines should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For more information, please contact:

Carlo Valente, Chief Financial Officer
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.com  

For more information on Jetlines, please visit our website at www.jetlines.com.


Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to (i) Jetlines’ and GLOBALX’s business objectives, operational timelines, and investment requirements; (ii) removal of conditions relating to the completion of the Transaction; (iii) execution of the Transaction Documents; (iv) completion of any concurrent financing; (v) receipt of TSXV, regulatory and shareholder approvals of the Transaction; and (vi) waiver of the sponsorship requirements.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of the Jetlines’ and GLOBALX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by Jetlines and GLOBALX and the success of such operations; the legislative and regulatory environments of the jurisdictions where the Jetlines and GLOBALX will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ or GLOBALX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms,  the impact of general economic conditions, domestic and international airline industry conditions, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ or GLOBALX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. There is no assurance that the closing of the Transaction  will occur. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.