Market Newsdesk

February 4, 2021 1:55 pm

PURA Plans To Break Ground By July On New Hemp Brand Lifestyle Facilities

PR Newswire

DALLAS, Feb. 4, 2021 /PRNewswire/ — Puration, Inc. (USOTC: PURA) today announced finalizing plans to break ground this summer on its recently acquired 70-acre property in Farmersville, Texas to begin construction on its new facilities.

PURA recently announced expanding upon its current EVERx CBD Sports Water business generating approximately $2 million in annual revenue with the launching a new hemp lifestyle brand business intended to raise overall market awareness and acceptance around the vast variety of industrial uses of hemp.

PURA is building partnerships with other hemp related industry companies to pursue pilot enterprises that will help demonstrate full utility of hemp.

PURA and Alkame Holdings Inc. (USOTC: ALKM) recently announced the two companies plan to produce and test market a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant.

PURA has also entered into a partnership with PAO Group, Inc. (USTOC: PAOG) to build an indoor hemp cultivation operation intended to develop a proprietary, pharmaceutical grade, hemp cultivar.

PURA and North American Cannabis Holdings, Inc. (USOTC: USMJ) recently announced entering strategic negotiations.

Next week, PURA will publish an online, multimedia presentation to further detail facility plans scheduled to go into construction this summer.

For more information on Puration, visit http://www.purationinc.com

Contact:

Puration, Inc.
Brian Shibley,
[email protected]
(800) 861-1350

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

Contact:

Puration, Inc.
Brian Shibley,
[email protected]
(800) 861-1350

Source: Puration, Inc.

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SOURCE Puration, Inc.

February 4, 2021 1:53 pm

United, Chase and Visa Team Up to Celebrate Black History Month

United Explorer and United Club Visa Cardmembers earn five total miles for every dollar donated to select charities supporting civil rights and education

PR Newswire

CHICAGO, Feb. 4, 2021 /PRNewswire/ — In honor of Black History Month, United Airlines, Chase and Visa are encouraging and rewarding United Credit Cardmembers who make donations to non-profits focused on providing access to educational opportunities for Black students and supporting human and civil rights policies. Between February 1 and March 15, 2021, United Explorer and United Club Visa Cardmembers will receive five total miles for every dollar (up to $1,000) in donations made to the following organizations:

The Thurgood Marshall College Fund – a non-profit organization established in 1987 as the nation’s largest organization exclusively representing the Black College Community. TMCF’s member-schools include 47 publicly supported Historically Black College and Universities that enroll nearly 300,000 students.
The Leadership Conference Education Fund – an organization that builds public support for laws and policies that promote and protect civil and human rights.
The NAACP Legal Defense and Educational Fund – a premier legal organization fighting for racial justice through litigation, advocacy, and public education.
United Negro College Fund – a non-profit that supports under-represented students looking to continue their education.

“Black History Month is not only a time of celebration and reflection but also presents an opportunity to seize on that heightened awareness to take action,” said Jessica Kimbrough, chief diversity, equity and inclusion officer at United. “By working closely with our partners at Chase and Visa, United Airlines is proud to offer cardmembers a unique opportunity to support groups that are focused on the advancement of civil rights and then reward them for their contribution.”

“JPMorgan Chase is committed to driving real and sustainable change for Black communities and we’re using this time to reflect both on the past and on our commitment to build a more equitable future,” said Ed Olebe, president of co-brand cards at JPMorgan Chase. “This effort is an example of how to harness our collective expertise – along with our United and Visa partners – to build a program that gives back to organizations making a difference, while at the same time rewarding our joint customers.”

“The black and African American community is being disproportionately impacted by the pandemic in the United States, which will require short and long-term solutions to help this community recover,” said Suzan Kereere, global head, merchant sales and acquiring at Visa. “For Visa, partnerships are one way we will leverage our network to bridge gaps in funding and opportunity for Black communities. This campaign is one example of Visa’s unwavering commitment to address social injustice and racial equality, which will continue to be a priority for our business.”

To learn more or to donate to these organizations, customers can visit United.com/BlackHistoryMonth.

About United

United’s shared purpose is “Connecting People. Uniting the World.” For more information, visit united.com, follow @United on Twitter and Instagram or connect on Facebook. The common stock of United’s parent, United Airlines Holdings, Inc., is traded on the Nasdaq under the symbol “UAL”.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co., a leading global financial services firm with assets of $3.4 trillion and operations worldwide. Chase serves more than 60 million American households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,700 branches in 38 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

About Visa

Visa Inc. is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit: About Visa, visa.com/blog and @VisaNews.

View original content to download multimedia:http://www.prnewswire.com/news-releases/united-chase-and-visa-team-up-to-celebrate-black-history-month-301222600.html

SOURCE United Airlines

February 4, 2021 1:49 pm

Azure Power to Announce Results for Fiscal Third Quarter 2021 Ended December 31, 2020 After the Market Closes on February 10, 2021

PR Newswire

NEW DELHI, Feb. 4, 2021 /PRNewswire/ — Azure Power, a leading solar power producer in India, will report financial results for the fiscal third quarter ended December 31, 2020 after the market closes on Wednesday, February 10, 2021. The Company will host a conference call to discuss results on Thursday, February 11, 2021 at 8:30 a.m. US Eastern Time. Investors may access a live webcast of this conference call by visiting http://investors.azurepower.com/events-and-presentations.

Participants are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.

To pre-register, go to: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=2293700&linkSecurityString=75c9e6124

Members of the public who would like to join, but have not pre-registered, can do so by dialing +1-866-746-2133 (in the U.S.) and +91-22-6280-1444 (outside the U.S.). The number should be dialed at least 10 minutes prior to the start of the conference call. For those unable to listen to the live broadcast, a podcast will be available on the website approximately two hours after the conclusion of the call and can be accessed at http://investors.azurepower.com/events-and-presentations.

Please direct any questions regarding obtaining access to the conference call to Azure Power Investor Relations, via e-mail, at [email protected].

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-India portfolio of 7.1 gigawatts on September 30, 2020 of which 1.8 GWs is operational, 1.3 GWs are under construction and 4.0 GWs have received a Letter of Award but for which PPAs have yet to be signed. Azure Power developed India’s first private utility scale solar project in 2009 and has been at the forefront in the sector as a developer and operator of solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India. For more information, www.azurepower.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions issues related to the corona virus; supply disruptions; power curtailments by Indian state electricity authorities and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Investor Contact

Nathan Judge, CFA
[email protected]

Media Contact
Samitla Subba
[email protected]
+91-11- 4940 9854

Logo – https://mma.prnewswire.com/media/819565/Azure_Power_Logo.jpg

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SOURCE Azure Power

February 4, 2021 1:48 pm

BREAKING ALERT: NATIONALLY RECOGNIZED ROSEN LAW FIRM, Encourages Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III Investors with Losses to Inquire About Class Action Investigation – CLOV, CLOVW, IPOC, IPOC.WS, IPOC.U

NEW YORK, Feb. 04, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III (NASDAQ: CLOV, CLOVW) (NYSE: IPOC, IPOC.WS, IPOC.U) resulting from allegations that Clover Health may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Clover Health securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2030.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: On February 4, 2021, Hindenburg Research published a report entitled “Clover Health: How the ‘King of SPACs’ Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation[.]” The report alleged that “Clover has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice (DOJ), which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals.” On this news, the Company’s stock price fell sharply during intraday trading on February 4, 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2030.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        [email protected]
        [email protected]
        www.rosenlegal.com

February 4, 2021 1:48 pm

Investment in new technologies aims to reduce pipeline emissions

Emissions Reduction Alberta commits nearly $2 million to Gazoduq Inc.

EDMONTON, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) — The Government of Alberta has announced nearly $2 million in funding to help accelerate the adoption of new technologies—electrification, artificial intelligence, machine learning—that can significantly reduce greenhouse gas (GHG) emissions in the pipeline transportation of Alberta’s natural gas.

Funds will be provided to Gazoduq Inc. through Emissions Reduction Alberta (ERA). The $4 million project will evaluate the feasibility of using electrification, artificial intelligence, and machine learning to decarbonize natural gas pipelines from Alberta to Quebec. This investment supports the Government of Alberta’s Natural Gas Vision and Strategy by helping to improve competitiveness and create economic opportunities for the natural gas sector.

“This project is another great example of the innovation in Alberta’s natural gas sector. As North American leaders in game-changing environmentally-focused technologies including carbon capture and storage, Alberta companies already play a leading role in reducing greenhouse gas emissions. New technologies like the ones being introduced by Gazoduq are integral to ensuring Alberta’s energy industry remains world-class in the years to come.”
Dale Nally, Associate Minister of Natural Gas, Government of Alberta

“Growing access to global markets and seeking new ways to get the most value out of the province’s natural gas reserves are vital to Alberta’s economic recovery. That’s why Alberta’s government is pleased to be supporting Gazoduq’s vision to keep industry competitive while creating opportunities for Alberta’s natural gas sector through TIER. This project shows there is a strong market for Alberta’s natural gas, and that Alberta is quickly becoming a global leader on artificial intelligence and machine learning.”
Jason Nixon, Minister of Environment and Parks, Government of Alberta

“Tapping into electrification, artificial intelligence, and machine learning technologies to create a decarbonized pipeline will lead to significant GHG reductions and substantial economic benefits for midstream oil and gas operators in Alberta. If proven successful, these technologies can help deliver more sustainable natural gas transmission infrastructure in Canada and around the world.”
Steve MacDonald, CEO, Emission Reduction Alberta

“Since inception, Gazoduq has been developing an innovative underground natural gas transmission line project that will make use of cutting-edge technologies to deliver on its vision to reach net zero emissions. ERA’s validation of our unique project is an important milestone. We are thrilled to have been selected for the Partnership Intake Program and convinced that this collaboration will not only be beneficial for our project but also for the Canadian natural gas industry.”
Mel Johnson, Senior Director Project Management, Gazoduq

Gazoduq’s project will assess the feasibility of using renewable energy to power large scale electric drives for three compressors used in the transmission of natural gas. At 40 megawatts each, the electrification of compressors at this scale would be first of its kind globally. At compression stations where renewable electricity is not feasible, cogeneration (using waste heat) will be explored.

A potential application of the technology is a proposed transportation pipeline from Alberta through TC Energy’s existing Canadian Mainline before connecting to a new transmission line proposed from Northern Ontario to a liquefied natural gas (LNG) facility in Saguenay, Quebec. If proven successful, the new technology could cut up to 1.8 million tonnes of GHG emissions in Quebec by 2030.

If this approach is adopted in Alberta at six 30-megawatt compression stations, cumulative GHG reductions of approximately 440,000 tonnes of CO2e could be achieved by 2030. If rollout of the technology is expanded to 26 units as expected, a cumulative reduction of 6.7 million tonnes can be achieved by 2040.

The proposed transportation pipeline would allow for the export of approximately 1.6 billion standard cubic feet per day (scf/day) of Alberta natural gas. The project could also provide an opportunity to deliver natural gas to remote communities along the route, with the participation of local distributers, and allow Alberta to export its natural gas to European and Asian markets, expanding economic opportunities for the natural gas sector and replacing more polluting forms of energy such as coal.

The project is also expected to result in capacity building for Universal Pegasus International’s Alberta office, leading to increased job creation in the Alberta construction sector if the approach is adopted in-province.

ABOUT EMISSIONS REDUCTION ALBERTA (ERA):

For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, they have committed $616 million toward 186 projects worth $4.5 billion that are helping to reduce GHGs, create competitive industries and are leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative reductions of 35 million tonnes of CO₂e by 2030. Learn more at eralberta.ca.

For more information contact:
Emissions Reduction Alberta
Kevin Duncan
Cell: 403.431.2859
[email protected]

February 4, 2021 1:46 pm

E&I Cooperative Services & PaymentWorks Announce New Agreement for Secure Vendor Management

WALTHAM, Mass. and JERICHO, N.Y., Feb. 04, 2021 (GLOBE NEWSWIRE) — PaymentWorks and E&I Cooperative Services (E&I) recently launched a competitively solicited lead public agency (LPA) contract for supplier information management (SIM) systems. This agreement creates an avenue for E&I members in higher education and K-12 to implement secure, repeatable, transparent vendor onboarding and relationship management.

PaymentWorks’ unique business identity platform automates the complex payee management process and eliminates the risk of business payments fraud by helping organizations make the critical shift to digital payments and secure their operations from external threats while safeguarding against existing manually intensive and error-prone processes.

“We have long championed management of the vendor master as the key to payment security,” said Taylor Nemeth, VP, Strategy for PaymentWorks. “With higher education and school systems prime targets for fraudsters— even before COVID-era workplace interruptions— we know E&I members are attuned to the risks they are facing with vendor management every day.”

Through this contract, E&I members can take advantage of several important benefits including automated verifications, ensuring compliance and Uniform Guidance, easy interfacing with any ERP system, fraud prevention, and competitive E&I member pricing.

“We are pleased to offer our members the comprehensive services available through PaymentWorks, while also delivering expertise on vendor management and the associated compliance and payments risks,” said Judy Schaffer, Vice President, General Products & Services at E&I.

For more information about the PaymentWorks E&I contract, visit: https://www.eandi.org/contracts/paymentworks/.

About PaymentWorks

PaymentWorks and our company’s Business Identity Platform eliminates the risk of business-payments fraud, which costs U.S. businesses more than $20 billion a year. By automating a complex, manual, people-intensive, and error-prone payment process, PaymentWorks protects organizations such as Hackensack Meridian Health, Johns Hopkins and University of Kentucky from business payments fraud and ensures regulatory compliance. To learn more about how we do it and the partners we work with, visit our website, check out our blog or listen to our podcast series, “PaymentWorks Presents Risky Business”.

About E&I Cooperative Services

E&I Cooperative Services (E&I) is the only member-owned, non-profit procurement cooperative focused exclusively on higher education. E&I delivers unsurpassed value to members through a broad portfolio of competitively solicited contracts, technology-enabled procurement solutions, and consultative engagements. The Cooperative’s strategic spend assessments enable members to make informed, analytics-driven decisions to capture more spend. By working together with industry-leading suppliers, E&I provides an exceptional member experience. For more information, please visit www.eandi.org.

Contact:

Sarah Murray
781-378-2674
[email protected]

February 4, 2021 1:36 pm

Quarterly Profits Increase for INSBANK Parent, InsCorp, Inc.

Margin Improves as Funding Costs Steadily Decrease

PR Newswire

NASHVILLE, Tenn., Feb. 4, 2021 /PRNewswire/ — Inscorp, Inc., parent company of INSBANK, (OTCQX: IBTN) today reported 4^th quarter earnings of $808,500 or $0.28 per share. Quarterly earnings for the Nashville-based lender were up $465,500, or $0.17 per share versus the 3^rd quarter, primarily driven by both an increase in net interest margin and a decrease in loan loss provision expense. The bank’s net interest margin improved by 19 basis points over the 3^rd quarter, and provision expense decreased by $200,000.

“In the 4^th quarter we were pleased not only with improved financial results, but also with the resumption of loan and deposit pipelines that indicate certain sectors of our local economy are moving forward, albeit with changes driven by the pandemic, said Jim Rieniets, President & CEO of INSBANK. “We’re cautiously optimistic that lower funding costs and core loan growth are trends that will give us inertia into 2021, as we continue to both build on digital lines of business, and hire more team members for our core, commercial banking units,” Rieniets continued.

While core net interest income and operating expenses were consistent with the same quarter in the prior year, earnings were down $722,000, or $0.24 per share a result of less non-interest income and more loan loss provision expense versus that of Q4 2019. For the year the company reported earnings of $0.83 per share versus $1.55 the prior year. Factors contributing to the decline in earnings in 2020 were driven by the pandemic, in the form of the margin-compressing rate shock of March 2020, and a year-long effort to bolster loan loss reserves given the uncertainty of outcomes for business borrowers most affected by the pandemic.

“While the ultimate effects of the pandemic remain unknown, our team has worked diligently with our impacted customers to quantify risks and identify paths forward, including PPP loans and loan modifications, where appropriate,” continued Rieniets. “In an industry whose evolution has been accelerated by the pandemic, we’re approaching 2021 with optimism given our ability to decrease cost of funding and increase operating leverage with our technology-driven, efficient business model.”

Highlights of the quarter and year-ended include:

Total assets grew $63.5 million year over year or 11.5% for 2020.
Non-interest bearing deposits grew $17 million or 49% during 2020.
Loans generated through the government’s SBA-PPP program totaled $45.7 million.
Deferred loan fees related to the PPP loans is approximately $900,000 at December 31, 2020
Efficiency ratio was 59.9% at December 31, 2020, comparing favorably to the bank’s FDIC peer group average of 62.7%.
Non-Interest Expense to Total Assets was 1.73% for the year ended December 31, 2020, slightly lower than 1.89% for the same period in 2019 and compared favorably to the bank’s FDIC peer group average of 2.60%.
Cost of all interest-bearing funding was 1.31% for the three months ended December 31, 2020 decreasing from 2.06% for the same period in 2019.
Assets per employee remained strong at $13.66 million, compared to the FDIC peer group of $6.34 million.
The bank’s tier 1 capital ratio was 12.1%, while total risk-based capital was 13.3%.
Annualized net charge-offs to average loans were 0.08% for the year ended December 31, 2020 compared to 0.04% for the same period in 2019.
The allowance for loan and lease losses was 1.40%, slightly higher than the bank’s FDIC peer group average of 1.38%.
Annualized return on tangible common equity for the year was 4.86%
During 2020 InsCorp returned to shareholders $751,000 in the form of stock buybacks.
Tangible book value increased $0.26 to $17.24 during the quarter primarily by virtue of retained earnings.

About INSBANK

Since 2000, INSBANK has offered its clients highly personalized service provided by experienced relationship managers, while positioning itself as an innovator, utilizing technologies to deliver those services efficiently and conveniently. In addition to its commercial focused operation, INSBANK operates three divisions, Medquity, TMA Medical Banking and INSBANK Online. Medquity offers healthcare banking solutions to individuals nationwide, whether they are still in residency, practicing or entering retirement, while TMA Medical Banking provides banking services specifically to members of the Tennessee Medical Association. INSBANK Online offers nationally available virtual private client services for interest bearing deposits. INSBANK is owned by InsCorp, Inc., a Tennessee bank holding company. The bank is headquartered in Nashville at 2106 Crestmoor Road, and has an office in Brentwood at 5614 Franklin Pike Circle. For more information, please visit www.insbanktn.com.

InsCorp, Inc.
Consolidated Balance Sheets
(000’s)
(unaudited)

		*December 31*	*December 31,*
		2020	2019
Assets
Cash and Cash Equivalents		$ 8,219	$ 5,342
Interest Bearing Deposits		33,356	27,418
Securities		17,039	20,996

Loans		525,235	469,172
Allowance for Loan Losses		(7,365)	(5,380)
Net Loans		517,870	463,792

Premises and Equipment, net		13,630	13,982
Bank Owned Life Insurance		10,115	9,865
Restricted Equity Securities		7,612	5,866
Goodwill and Related Intangibles, net		1,091	1,091
Other Assets		7,947	5,022

Total Assets		$ 616,879	$ 553,374

Liabilities and Shareholders’ Equity
Liabilities
Deposits
	Non-interest-bearing	$ 52,665	$ 34,854
	Interest-bearing	417,731	402,118
	Total Deposits	470,396	436,972

Federal Home Loan Bank Advances		50,000	49,000
Paycheck Protection Program Liquidity Fund		18,412	–
Subordinated Debentures		15,000	15,000
Federal Funds Purchased		7,000	–
Other Liabilities		5,013	3,404
Total Liabilities		565,821	504,376

Shareholders’ Equity
	Common Stock	31,204	30,993
	Treasury Stock	(681)	–
	Accumulated Retained Earnings	20,362	17,944
	Accumulated Other Comprehensive Income	173	61
	Total Stockholders’ Equity	51,058	48,998
Total Liabilities & Shareholders’ Equity		$ 616,879	$ 553,374

Tangible Book Value		$ 17.24	$ 16.32

InsCorp, Inc.
Consolidated Statements of Income
(000’s)
(Unaudited)

		*Twelve Months Ended*	*Twelve Months Ended*
		*December 31, 2020*	*December 31, 2019*

Interest Income		22,694	24,941
Interest Expense		7,221	8,872
Net Interest Income		$ 15,473	$ 16,069
Provision for Loan Losses		2,400	725
Non-Interest Income
	Service Charges on Deposit Accounts	212	154
	Bank Owned Life Insurance	251	253
	Sale of Government Guaranteed Loans	–	384
	Other	705	604
Non-Interest Expense
	Salaries and Benefits	6,200	6,023
	Occupancy and equipment	1,233	1,160
	Data Processing	553	499
	Marketing and Advertising	349	379
	Other	1,843	1,988
Net income from Operations		4,063	6,690

Interest Expense-Subordinated Debt		956	956
Income Before Income Taxes		3,107	5,734
Income Tax Expense		(674)	(1,207)
Net Income		$ 2,433	$ 4,527

Return on Weighted Average Common Shares		$ 0.83	$ 1.55

View original content to download multimedia:http://www.prnewswire.com/news-releases/quarterly-profits-increase-for-insbank-parent-inscorp-inc-301222590.html

SOURCE INSBANK

February 4, 2021 1:34 pm

MultiBrush by Rendever Now Available on SideQuest, Providing Artists with a Collaborative Tool in Virtual Reality

Rendever’s CTO, Tom Neumann, was the first to develop a working multiplayer form of Tilt Brush, all in an effort to connect community members together

BOSTON, Feb. 04, 2021 (GLOBE NEWSWIRE) — Rendever, the leading provider of virtual reality (VR) for seniors, today announces its release of MultiBrush – the first publicly available multiplayer version of Tilt Brush – on SideQuest. It is also coming soon to Oculus’s new App Lab, which gives developers a faster way to distribute new apps directly to Oculus Quest users.

When Google announced it was open sourcing Tilt Brush last week, Rendever Cofounder and Chief Technology Officer Tom Neumann immediately went to work developing a multiplayer version of the popular app that gives creators a way to make art in virtual reality. Within 10 hours, the team developed a working prototype of multiplayer – a feature that has been eagerly requested by Tilt Brush users for years. Given Rendever’s mission to improve health through social VR experiences, Neumann and his team were able to leverage their extensive expertise to develop this version in record time.

“At Rendever, bringing people together through VR has been at the heart of what we’ve done since day one. The first time I tried Tilt Brush, I was amazed by the level of creative freedom it offered. It felt like a whole new medium,” said Neumann. “It has a huge community, so naturally multiplayer has been one of the most requested features. When it was open sourced, we saw a perfect opportunity to dive in and make multiplayer a reality.”

Rendever’s VR platform is used by senior living communities and healthcare organizations across North America and Australia to help reduce depression and loneliness by fostering personal connections through shared experiences in VR. Seniors can check off bucket list items together, travel the world virtually, and share stories. Now, MultiBrush by Rendever will open new doors to those already using the VR platform. From RendeverLive™ sessions featuring VR artists to immersive art therapy, there are countless opportunities for the Rendever community and the Tilt Brush community to come together in the near future.

“Through VR, we see a world where social connection is easier than ever, even during times when we’re physically distanced,” continued Neumann. “Our hope is that through working hand-in-hand with creators, we can bring our senior living partners and their residents into the world of VR artistry.”

Through MultiBrush, VR/AR artist Michelle Brown developed the landscape imagery in the app’s new logo.

To download MultiBrush by Rendever on SideQuest, click here. For more information on Rendever, visit www.rendever.com.

About Rendever

Rendever is overcoming social isolation through the power of virtual reality and shared experiences. From senior living communities to hospitals, their platform is being used to reduce depression and loneliness by fostering personal connections amongst populations where life has become limited. Participants in group sessions can check off bucket list items together, revisit meaningful places and share stories, stay engaged with family members, and more. Rendever is being used by high-profile senior living operators including Revera, Benchmark, and SRG, healthcare systems such as UCHealth and Cleveland Clinic, has research funded by the NIH and NIA, and has commercial partnerships with major organizations like AARP and Verizon. To learn more, please visit www.rendever.com.

Media Contact

Elsa Anschuetz
Uproar PR for Rendever
[email protected]
321.236.0102 x233

February 4, 2021 1:33 pm

IIROC Trade Resumption – SAP

Canada NewsWire

TORONTO, Feb. 4, 2021 /CNW/ – Trading resumes in:

Company: Saputo Inc.

TSX Symbol: SAP

All Issues: Yes

Resumption (ET): 1:45 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

February 4, 2021 1:33 pm

Elevation Real Estate Group and Great Lakes Capital to Build Granger Village, a 204-Unit Multi-Family Development in Mooresville, North Carolina

Granger Village Diversifies Elevation’s growing portfolio of real estate projects in the Southeast

Charlotte, Feb. 04, 2021 (GLOBE NEWSWIRE) — Elevation Real Estate Group, a Charlotte-based real estate company, in partnership with Great Lakes Capital, recently completed the purchase of 18.6 acres of land at the southeast corner of Charlotte Highway (Highway 21) and East Waterlynn Road in Mooresville, North Carolina. The parcel will be developed into a 204-unit multi-family mixed-use complex and will be known as Granger Village.

Located near Exit 33 of Interstate 77 by Lake Norman, Granger Village will feature multi-family units as well as two commercial parcels that may include 15,500 square feet of retail, restaurant, and medical office space. The location of Granger Village is perfectly situated less that one mile from well-established retail shopping, grocery stores, hotels, the Lake Norman Regional Medical Center, Lowe’s Home Improvement corporate headquarters, and other key employment nodes within the Mooresville community.

Construction is slated to begin in the second quarter of 2021 with an anticipated initial opening in the second quarter of 2022. Leasing is planned to begin in late 2021. The architectural firm on the project is Finley Design of Raleigh, North Carolina. The architectural style of the multi-family buildings will be more of an urban look than traditional garden style.

“Granger Village is our first foray into multi-family development after over 25 years of experience in retail development and will diversify our investment portfolio,” said Chris La Mack, principal, Elevation Real Estate Group. “Though we develop real estate throughout the Southeastern United States, we look forward to continuing to utilize our experience in development projects here in our own backyard.”

“We are aggressively pursuing new multi-family development opportunities throughout the Midwest, Southeast, Southwest and Mountain states, and we are excited to partner with Elevation Real Estate Group as we expand our real estate investment footprint.” said Clay Scheetz, managing director, principal, and head of multifamily platform at Great Lakes Capital.

Elevation Real Estate recently launched the Focus Office Suites brand, designed to provide professional, turnkey office space with health and safety in mind. The first in a number of planned locations throughout Greater Charlotte is now open at 9541 Julian Clark Avenue in Huntersville, North Carolina. In November 2020, the company also acquired Parc Place at Short Pump, a, 82,968 sq. ft. retail shopping center outside of Richmond, Virginia.

To see initial images and to sign-up for construction and leasing updates, visit www.grangervillage.com. For digital assets of Elevation Real Estate Group, Great Lakes Capital and Granger Village, visit: http://bit.ly/3pM8hIt.

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About Elevation Real Estate Group

Elevation Real Estate Group is a Charlotte, NC based full-service real estate company that has been involved in the acquisition, development, repositioning, and disposition of more than $1.5 billion of commercial real estate primarily throughout the Southeast. Elevation Acquisition & Development focuses on identifying, acquiring and developing high-quality real property for retail, office, multifamily and hotel uses through joint ventures with institutional investors, family trusts and personal investors. Elevation Retail Management is a third-party manager of commercial properties and real estate portfolios. For more information, go to www.elevation-re.com.

About Great Lakes Capital

Based in South Bend, Indiana with additional offices in Ft. Wayne and Indianapolis, Great Lakes Capital is a real estate development and private equity firm that invests in several core property types including industrial, office, medical and life sciences , hotels, multifamily and mixed use properties. Multifamily, mixed use and industrial properties remain Great Lakes’ highest growth segments. Since opening its doors in 2005, Great Lakes has successfully invested in billions of dollars of real estate projects and currently enjoys a development pipeline that exceeds $600 million. Great Lakes’ six principals have nearly 170 years of experience and have closed more than $7 billion of commercial real estate investment across property types, geographies, capital structures, and economic cycles. For more information, please visit www.greatlakescapital.com.

Contact:
Andy McGowan
Watkins McGowan
e: [email protected]
c: 404.834.3481