Market Newsdesk

SALT LAKE CITY, April 03, 2023 (GLOBE NEWSWIRE) — Security National Financial Corporation (SNFC) (NASDAQ symbol “SNFCA”) announced financial results for the year ended December 31, 2022.

For the twelve months ended December 31, 2022, SNFC’s after-tax earnings from operations decreased 35% from $39,519,000 in 2021 to $25,690,000 in 2022, on a 17% decrease in revenues to $389,652,000.

Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “Overall, our after-tax profit of $25.6 million means that the Company earned a net 1.76% return on total assets (2.35% pretax) and an 8.7% return on equity (11.6% pretax). Those are very acceptable overall numbers and is, in fact, our 3^rd best year lagging behind only 2020 and 2021. Nevertheless, I would characterize 2022 as being a “rugged” year. The rapid rise in interest rates in 2022 created a decided downdraft on our earnings. For example, included in our earnings are roughly $4 million dollars in unrealized security losses and roughly $6 million dollars of unrealized losses in loans held on balance sheet. We saw death rates decline pretty much throughout the year, which helped our Insurance segment, but hurt our Memorial segment. Mortgage loan demand evaporated beginning in March, which resulted in a roughly 32% year-over-year decline in mortgage loan revenues, but the decline was certainly greater in the later months of the year. For example, December 2022 had a roughly 67% revenue decline as compared to December 2021. We did have a huge earnings boost from our Mortgage Servicing Rights sale, but the operating environment remains very tough.  

“Despite the current environment, we remain committed to the task of growth and improved profitability. We view this current economic uncertainty as a time to expand. For example, even in this tough mortgage loan environment we have increased our number of producing loan officers. In our Insurance segment we have increased the premium rates on some of our most popular products and have seen good acceptance of the increase. In our Memorial segment we have added key personnel who we believe will drive growth and improved operations. To be sure, growth in this environment is expensive, but is nevertheless our goal.”  

SNFC has three business segments. The following table shows the revenues and earnings before taxes for the twelve months ended December 31, 2022, as compared to 2021, for each business segment:

Net earnings per common share was $1.17 for the twelve months ended December 31, 2022, compared to net earnings of $1.80 per share for the prior year, as adjusted for the effect of annual stock dividends. Book value per common share was $13.88 as of December 31, 2022, compared to $14.77 as of December 31, 2021.

The Company has two classes of common stock outstanding, Class A and Class C. There were 21,088,004 Class A equivalent shares outstanding as of December 31, 2022.

This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in the statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

If there are any questions, please contact Mr. Garrett S. Sill or Mr. Scott Quist at:

                     Security National Financial Corporation
                     P.O. Box 57250
                     Salt Lake City, Utah 84157
                     Phone (801) 264-1060
                     Fax (801) 265-9882

BASKING RIDGE, N.J., April 03, 2023 (GLOBE NEWSWIRE) — Verizon Business has named Jonathan Nikols as Senior Vice President of Global Enterprise, Americas. Jonathan will be responsible for the ongoing evolution of the company’s enterprise segment in the Americas, reporting directly to Verizon Business’ Chief Revenue Officer for Enterprise and Public Sector, Massimo Peselli.

“Jonathan brings a wealth of knowledge and an innovative mindset to this critical role at a time when we are seeing growth in both the understanding and adoption of 5G connectivity and solutions. From private networking, fixed-wireless access, 5G edge solutions and more, our enterprise customers are relying on Verizon Business to deliver and Jonathan brings the leadership experience to do just that,” said Massimo Peselli.

Jonathan has nearly two decades of industry experience, joining Verizon from HP, Inc., where he served as Global Vice President of Services and Solutions, leading direct and indirect routes to market, all while growing the business. Prior to HP, Inc., Jonathan held leadership roles at AT&T, Polycom, NCR, and Avaya.

“Verizon Business is truly at the forefront of transforming the enterprise business landscape, both here in North America and abroad,” said Jonathan Nikols. “We have the best network, solutions, partners and people and I’m excited to lead this team to continued growth and drive meaningful change in the industry.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Kyle Ragonese
732-236-3526
[email protected]

ATLANTA, April 03, 2023 (GLOBE NEWSWIRE) — Cumulus Media (NASDAQ: CMLS) announces that today it will launch the third installment of its new multi-week audio series, Your Music First, featuring Country superstar and Capitol Records Nashville recording artist Darius Rucker’s new single, “Fires Don’t Start Themselves.” The multi-part series will air over the next four weeks across 44 Cumulus Media Country radio stations in markets from coast-to-coast and will showcase the romantic anthem, along with Rucker’s personal insights into making the single and exclusive behind-the-scenes stories and candid observations from the three-time GRAMMY winner. “Fires Don’t Start Themselves” will be featured on Rucker’s upcoming seventh studio album Carolyn’s Boy.

Greg Frey, VP of Music Partnerships, Cumulus Media, said: “Since launching his Country solo career in 2008, after the record-setting success of Hootie & the Blowfish, Darius has been a consistent hitmaker at Country radio. It’s fantastic to have his singular voice back and to have “Fires Don’t Start Themselves” as our next Your Music First campaign. Our listeners will get exclusive content in Darius’ own words about his new music and insight into his world.”

Chris Schuler, VP of Promotion, Capitol Records Nashville, commented: “Capitol Records Nashville and Cumulus Media have had a long-standing partnership and we couldn’t be more excited to work together to bring new Darius Rucker music to the marketplace as part of the Your Music First campaign.”

Cumulus Media debuted the high-profile Your Music First campaign in February to highlight new music in a unique way by sharing with radio listeners the thoughts of the biggest stars in different formats in a series of revealing and exclusive vignettes across AC, Alternative, CHR, Country, Hot AC, Rock and Urban formats. The shows feature artist commentary on the song, with artists presenting different aspects of their song’s personal meaning, the inspiration behind the music, and insights on their life and career. Previous Your Music First campaigns have featured Valory Music Co. recording artist Thomas Rhett’s “Angels (Don’t Always Have Wings)” and Republic Records recording artist Shania Twain’s “Giddy Up!”

Rucker will kick off his Starting Fires Tour on June 15th, visiting 21 cities across the U.S. and Canada throughout the summer. 

About Cumulus Media  
Cumulus Media (NASDAQ: CMLS) is an audio-first media company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 404 owned-and-operated radio stations across 85 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across more than 9,500 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the Cumulus Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. Cumulus Media provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. Cumulus Media is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.  

About Darius Rucker

Darius Rucker first achieved multi-Platinum status in the music industry as lead singer and rhythm guitarist of the GRAMMY Award-winning band Hootie & the Blowfish, who have sold more than 25 million albums worldwide including their Double Diamond-certified (21x Platinum) debut Cracked Rear View, which remains among the top 10 best-selling studio albums of all time. Since releasing his first Country album in 2008, Rucker has earned a whole new legion of fans with four No. 1 albums on the Billboard Country chart, including RIAA Platinum-certified Learn to Live and True Believers, plus 10 No. 1 singles at Country radio and 11 Gold, Platinum or multi-Platinum certified hits. Rucker was inducted as a Grand Ole Opry member in 2012 and in 2014 he won his third career GRAMMY Award for Best Solo Country Performance with his Diamond-certified (11x Platinum) version of “Wagon Wheel,” one of the top five best-selling Country songs of all time. He co-hosted the 54th annual CMA Awards in 2020 and topped the charts at Country radio once again with “Beers And Sunshine” in 2021. New songs “Same Beer Different Problem” and “Ol’ Church Hymn” (featuring Chapel Hart) are available everywhere now as Rucker puts the finishing touches on his forthcoming album, Carolyn’s Boy.

As a lifelong philanthropist, Rucker co-chaired the capital campaign that generated $150 million to help build the new MUSC Shawn Jenkins Children’s Hospital in his hometown of Charleston, S.C. and has raised over $3 million for St. Jude Children’s Research Hospital through his annual Darius & Friends benefit concert and golf tournament. In addition, Rucker has advocated for over 200 charitable causes supporting public education and junior golf programs in South Carolina through the Hootie & the Blowfish Foundation and serves as a National Chair for the National Museum of African American Music in Nashville, Tenn. Rucker is also an avid sports fan, offering his own NFL x Darius Rucker Collection by Fanatics apparel line at NFLshop.com, and he is part of the Music City Baseball investment group working to bring an MLB team to Tennessee in addition to serving as a partner at the MGC Sports & Entertainment agency.  

Contact: Lisa Dollinger, Dollinger Strategic Communication for Cumulus Media, 512.633.4084, [email protected].  

WASHINGTON, April 03, 2023 (GLOBE NEWSWIRE) — ZeroFox (Nasdaq: ZFOX), a leading external cybersecurity provider, has been recognized by CRN^®, a brand of The Channel Company in its 2023 Partner Program Guide. This annual guide offers essential information to members of the IT channel ecosystem as they explore technology manufacturers’ partner programs to find the vendors that will best support their business needs.

When assessing which IT manufacturers, service providers, and distributors to team with in building world-class technology solutions, a critical factor is the breadth and depth of the partner programs those companies offer. ZeroFox is the only channel-first vendor that provides an end-to-end external cybersecurity platform, creating a more accessible and unified experience for customers seeking protection outside the perimeter. The company’s horizontally integrated solutions have almost unlimited expansion capabilities, allowing customer engagement to deepen over time with digital risk protection, threat intelligence, breach response, physical security, and other services.

In the 2023 Partner Program Guide, vendors were evaluated based on program requirements and offerings such as partner training and education, pre- and post-sales support, marketing programs and resources, technical support, and communication. In the past year, ZeroFox has expanded its program internationally, offering structured discounting and incentive programs based on performance to expanded personnel in North America, the Middle East, and Europe to train and support emerging partners for sustained growth.

“At ZeroFox, we’re proudly partner-first – in the crowded cybersecurity market, a fully enabled partnership ecosystem is the most efficient path to scale,” said Brian Costello, VP of Global Partnerships at ZeroFox. “We are excited to be featured in CRN’s 2023 Partner Guide as we strive to empower our existing partners to deliver more value while growing via new and innovative channels.”

“In today’s world, the need for innovation is greater than ever,” said Blaine Raddon, CEO of The Channel Company. “Solution providers seek vendors that can keep pace with their developing business and evolving client needs. CRN’s 2023 Partner Program Guide delivers deep insight into the strengths of each program, spotlighting the vendors dedicated to supporting their partner community and pushing positive change throughout the IT channel.”

The 2023 Partner Program Guide will be featured in the April 2023 issue of CRN and online at www.CRN.com/PPG.

About ZeroFox

ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader in external cybersecurity, has redefined security outside the corporate perimeter on the internet, where businesses operate, and threat actors thrive. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust portfolio of breach, incident and takedown response capabilities to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, impersonations, data breaches, and physical threats that target your brands, domains, people, and assets. Join thousands of customers, including some of the largest public sector organizations as well as finance, media, technology and retail companies to stay ahead of adversaries and address the entire lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit www.zerofox.com for more information.

ZeroFox Contacts:

Media Inquiries
Malory Van Guilder
[email protected]

Investor Relations
Marc P. Griffin, ICR
[email protected]

About The Channel Company

The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by nearly 40 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com  

Follow The Channel Company:

Twitter
, LinkedIn, and Facebook.

© 2023 The Channel Company LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.

The Channel Company Contact:

Natalie Lewis
The Channel Company
[email protected]

NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) — Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced the pricing of its initial public offering of 7,240,000 ordinary shares at a public offering price of $2.50 per share. Multi Ways is offering 6,040,000 ordinary shares, and a certain selling shareholder is offering 1,200,000 ordinary shares.

The shares are scheduled to begin trading on the NYSE American on April 3, 2023, under the ticker symbol “MWG.” The offering is expected to close on or about April 5, 2023, subject to customary closing conditions.

Spartan Capital Securities, LLC is acting as the sole book-running manager for the offering.

Ortoli Rosenstadt LLP is acting as U.S. counsel to Multi Ways, and Sichenzia Ross Ference LLP is acting as U.S. counsel to Spartan Capital Securities, LLC.

A registration statement on Form F-1, as amended (File No. 333-269641), was filed with the United States Securities and Exchange Commission (“SEC”) and was declared effective on March 30, 2023. Copies of the final prospectus, when available, will be filed with the SEC and will be available on the SEC’s website at www.sec.gov and may be obtained from: Spartan Capital Securities, LLC, Attn.: Prospectus Department, 45 Broadway, 19th Floor, New York, NY 10006, by telephone at (212) 293-0123 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 Multi Ways Holdings Limited

Multi Ways Holdings is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. With more than two decades of experience in the sales and rental of heavy construction equipment business, the Company is widely established as a reliable supplier of new and used heavy construction equipment to customers from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines. With our wide variety of heavy construction equipment in our inventory and complementary equipment refurbishment and cleaning services, Multi Ways is well-positioned to serve customers as a one-stop shop. For more information, visit www.multiwaysholdings.com.

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Company Contact:

[email protected]

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: [email protected]

BANNOCKBURN, Ill., April 03, 2023 (GLOBE NEWSWIRE) — Stericycle, Inc. (Nasdaq: SRCL) today announced that Cindy J. Miller, Chief Executive Officer, and Janet Zelenka, Chief Financial Officer and Chief Information Officer, will present at Oppenheimer’s virtual 18th Annual Industrial Growth Conference on Monday, May 8, 2023, and will participate in meetings with investors throughout the day.

About Stericycle

Stericycle, Inc., (Nasdaq: SRCL) is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protects people and brands, promotes health and well-being, and safeguards the environment. Stericycle serves customers in the U.S. and 16 other countries with solutions for regulated waste and compliance services and secure information destruction. For more information about Stericycle, please visit stericycle.com.

FOR FURTHER INFORMATION CONTACT:
Stericycle Investor Relations
Toll free: 1-800-643-0240 ext. 2012
Local: 1-847-607-2012
[email protected]

Stericycle Media
847-964-2288
[email protected]