Market Newsdesk

First Quarter 2021 – Highlights

• 
  Revenues of $94.6 million, an increase of 22.4% compared with the prior-year period
  
• 
  Net Income of $9.0 million, an increase of 57.8%, and Basic and Diluted EPS of $0.23, up 53.3%, compared with the prior-year period
  
• 
  Adjusted Net Income increased 40.0% to $10.6 million and Adjusted Basic and Diluted EPS grew 40.0% and 35.0% to $0.28 and $0.27 per share, respectively, compared with the prior-year period
  
• 
  Adjusted EBITDA of $16.8 million, an increase of 27.4% over the prior-year period
  
• 
  A 13.8% increase in active customers compared with the prior-year period
  
  

MIAMI, May 05, 2021 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance services company, today announced its financial results for the quarter ended on March 31, 2021, and will host a conference call to discuss those results at 8:30 am ET today.

Intermex Chairman, Chief Executive Officer, and President, Robert Lisy commented, “Intermex started 2021 right where it finished 2020 by delivering another quarter of impressive double-digit growth in the number of money transfers, revenues, net income, and adjusted EBITDA. Also, for the first quarter of 2021, Intermex realized a 19.6% market share up from 19.4% for 2020, in our core markets of Mexico, Guatemala, El Salvador, and Honduras. In terms of principal sent, in those four markets, Intermex grew more than 30% faster than the overall market in the quarter. These incredible results are directly due to the Company’s strategy of partnering with select agents that share in our belief in providing fast, high-quality customer service, located in convenient locations throughout the country. Intermex also believes in providing the customer the choice of digital from the counter-top or their hand-held device.” Lisy added, “this foundation of strong, customer-focused operating results enables the Company to continue to expand its agent network in send countries, grow its receive countries, and invest in new technologies and products which will allow the Company to generate growth and returns in the future.”   

First Quarter Financial Results


Intermex delivered a record first-quarter with Revenues of $94.6 million, an increase of 22.4% over the prior-year period. These revenues were driven by a 19.3% increase in net money transfer transactions to 8.4 million in the first quarter of 2021, coupled with a 30.2% increase in principal sent compared with the first quarter of 2020. The average principal sent increased 9.2% to $403 compared with the first quarter of 2020.

The Company reported Net Income of $9.0 million in the first quarter of 2021, an increase of 57.8% over the prior-year period, and basic and diluted earnings per share in the first quarter of 2021 were $0.23, an increase of 53.3%, compared with the prior-year period. These increases were primarily due to the revenue growth noted above, lower expenses for depreciation and amortization, and interest expense. These were partially offset by increases in service charges from agents and banks, salaries, and income tax expense.

Adjusted Net Income for the first quarter of 2021 totaled $10.6 million, an increase of 40.0% over the prior-year period. Adjusted basic and diluted earnings per share totaled $0.28 and $0.27, an increase of 40.0% and 35.0%, respectively, compared with the prior-year period, primarily due to the items noted above and adjustments for share-based compensation and the amortization of certain intangibles (net of income tax benefit) as compared to the prior-year period.

Adjusted EBITDA in the first quarter of 2021 increased 27.4% to $16.8 million over the prior-year period, Net Income margin grew 210 basis points from 7.4% to 9.5%, and Adjusted EBITDA Margin increased 70 basis points to 17.8%, driven primarily by revenue growth partially offset by increases in both salaries and service charges from agents and banks.

Full-year 2021 Guidance


The Company is reaffirming its previously issued guidance and continues to expect to generate revenue growth increasing 16% – 18% to revenue of between $414 million – $421 million. Intermex expects to generate 19% – 24% growth in Net Income to between $40 million – $42 million, and Adjusted Net Income growth of between 12% – 15% to between $47 million – $49 million. Intermex also expects Adjusted EBITDA growth of 11% – 14% to between $76 million – $79 million.

Non-GAAP Financial Measures


Adjusted Net Income, Adjusted Earnings per Share, Adjusted EBITDA, and Adjusted EBITDA Margin, each a Non-GAAP financial measure, are the primary metrics used by management to evaluate the financial performance of our business. We present these Non-GAAP financial measures because we believe they are frequently used by analysts, investors, and other interested parties to evaluate companies in our industry. Further, we believe they help highlight trends in our operating results, because certain of such measures exclude, among other things, the effects of certain transactions that are outside the control of management, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the jurisdictions in which we operate and capital investments.

Adjusted Net Income is defined as Net Income adjusted to add back certain charges and expenses, such as non-cash amortization of certain intangibles resulting from push-down accounting, non-cash compensation costs, and other items outlined in the reconciliation table below, as these charges and expenses are not considered a part of our core business operations and are not an indicator of ongoing future Company performance.

Adjusted Earnings per Share is calculated by dividing Adjusted Net Income by GAAP weighted-average common shares outstanding (basic and diluted).

Adjusted EBITDA is defined as Net Income before depreciation and amortization, interest expense, income taxes, and also adjusted to add back certain charges and expenses, such as non-cash compensation costs and other items outlined in the reconciliation table below, as these charges and expenses are not considered a part of our core business operations and are not an indicator of ongoing future Company performance.

Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by Revenues.

Adjusted Net Income, Adjusted Earnings per Share, Adjusted EBITDA, and Adjusted EBITDA Margin are non-GAAP financial measures and should not be considered as an alternative to operating income or net income as a measure of operating performance or cash flows or as a measure of liquidity. Non-GAAP financial measures are not necessarily calculated the same way by different companies and should not be considered a substitute for or superior to U.S. GAAP.

Reconciliations of Net Income, the Company’s closest GAAP measure, to Adjusted Net Income and Adjusted EBITDA, as well as a reconciliation of Earnings per Share to Adjusted Earnings per Share and Adjusted EBITDA Margin to Net Income Margin, are outlined in the tables below following the unaudited condensed consolidated financial statements. A quantitative reconciliation of projected Adjusted Net Income and Adjusted EBITDA to the most comparable GAAP measure is not available without unreasonable efforts because of the inherent difficulty in forecasting and qualifying the amounts necessary under GAAP guidance for operating or other adjusted items including, without limitation, costs related to acquisitions and the registration of the Company’s securities, and losses related to legal contingencies or disposal of assets.

Investor and Analyst Conference Call / Presentation

Intermex will host a conference call and webcast presentation at 8:30 a.m. Eastern Time today. The conference call can be heard by dialing: 1-877-423-9813 (U.S.) or 1-201-689-8573 (outside the U.S.) ten minutes before the start of the call.

The conference call and accompanying slides will be available via webcast at https://investors.intermexonline.com. Registration for the event is required, so please register at least five minutes before the scheduled start time.

A webcast replay will be available approximately 2-4 hours after the conference call at https://investors.intermexonline.com/.

Safe Harbor Compliance Statement for Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views concerning certain events that could affect our future performance, including but without limitation, statements regarding our plans, objectives, financial performance, business strategies, and expectations for the business of the Company. These statements relate to expectations concerning matters that are not historical fact and may include words or phrases such as “would,” “will,” “should,” “expects,” “believes,” “anticipates,” “continues,” “could,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “forecasts,” “intends,” “assumes,” “estimates,” “approximately,” “shall,” “our planning assumptions,” “future outlook” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These words and the negative and plural forms of these words and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. All of these forward-looking statements are based largely on information currently available to our management and our current expectations, assumptions, plans, estimates, judgments, and projections about our business and our industry, as well as macroeconomic conditions, and are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those currently anticipated. While we believe these expectations, assumptions, estimates, judgments, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks, uncertainties, contingencies, and other factors, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements, or could affect our share price. Accordingly, there is no assurance that our expectations will occur or that our estimates or assumptions will be correct, and we caution investors and all others not to place undue reliance on such forward-looking statements.   Some of the factors that could cause actual results to differ from those expressed or implied by the forward-looking statements and could materially adversely affect our business, financial condition, results of operations, cash flows and liquidity include, among other things, the COVID-19 pandemic, responses thereto and the economic and market effects thereof, including unemployment levels and increased capital markets volatility; competition in the markets in which we operate; volatility in foreign exchange rates that could affect the volume of consumer remittance activity and/or affect our foreign exchange related gains and losses; our ability to maintain agent relationships on terms consistent with those currently in place; credit risks from our agents and the financial institutions with which we do business; bank failures, sustained financial market illiquidity, or illiquidity at our clearing, cash management or custodial financial institutions; new technology or competitors that disrupt the current ecosystem including by introducing digital platforms; cyber-attacks or disruptions to our information technology, computer network systems and data centers; our ability to satisfy our debt obligations and remain in compliance with our credit facility requirements; interest rate risk from elimination of the London Interbank Offered Rate(LIBOR) as a benchmark interest rate our success in developing and introducing new products, services and infrastructure; customer confidence in our brand and in consumer money transfers generally; our ability to maintain compliance with regulatory requirements of the jurisdictions in which we operate or plan to operate; international political factors or implementation of tariffs, border taxes or restrictions on remittances or transfers of money out of the United States or Canada; changes in United States tax laws; political instability, currency restrictions and volatility in countries in which we operate or plan to operate; consumer fraud and other risks relating to customers’ authentication; weakness in U.S. or international economic conditions; changes in immigration laws and their enforcement; our ability to protect our brand and intellectual property rights; our ability to retain key personnel; and other economic, business and/or competitive factors, risks and uncertainties, including those described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in periodic reports we file with the Securities and Exchange Commission. All statements other than statements of historical fact included in this press release are forward-looking statements including, but not limited to, statements set forth under the section entitled “Full-year 2021 Guidance”, and all forward-looking statements that are made or attributable to us are expressly qualified in their entirety by this cautionary notice. Any forward-looking statement that we make in this press release speaks only as of the date of this press release. We undertake no obligation to update or revise or to publicly announce any update or revision to, any of the forward-looking statements made herein, whether as a result of new information, future events, or otherwise.

About International Money Express, Inc.

At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money from the United States and Canada to 17 countries in Latin America, including Mexico and Guatemala, seven countries in Africa, and two countries in Asia. We offer the digital movement of money for our sending customers through our network of agent retailers in the United States and Canada, our Company-operated stores, and on-line through our app, and our website intermexonline.com. We execute and pay these transactions through thousands of retail and bank locations in Latin America, Africa, and Asia. The Company was founded in 1994 and is headquartered in Miami, Florida with international offices in Puebla, Mexico, and Guatemala City, Guatemala.

Investor Relations

Mike Gallentine
Vice President of Investor Relations
[email protected]
tel. 305-671-8005

TORONTO, May 05, 2021 (GLOBE NEWSWIRE) — Green Shield Holdings Inc., a part of the Green Shield Canada (GSC) group of companies, announced that it has acquired Computer Workware Inc. (CWI).

“Continually advancing our broader business diversification strategy, specifically in benefits administration and management, is a key priority and we’re excited about what this transaction adds to our portfolio of solutions,” said Rino Rondinone, GSC executive vice president of benefits management and technology services. “CWI’s track record of service excellence, growth and innovation, including its Vital Objects (VO) software and iBenefits platform, provides the basis for a partnership with GSC and its HBM+ division that will allow GSC to enable access to new customers and broaden its capabilities as a benefits administrator.”

Throughout its history, CWI has focused on the creation and provision of innovative employee benefits and insurance administration software solutions to leading Canadian group insurers and third-party administrators. Their flagship software solution, VO, enables clients to administer traditional, flex and hour bank programs for group plan sponsors and members. In addition to the VO solution, their new iBenefits platform leverages core VO functionality to provide a fully digital-first experience for plan sponsors and plan members.

GSC and HBM+ will partner with CWI to leverage their core strengths to provide customers with leading technology solutions for benefits administration services and products. “CWI’s administration software suite will enhance GSC’s ability to provide robust solutions – including flexible benefits and hour bank administration – to clients with such administration needs,” said Brent Allen, GSC executive vice president of group. “This perfectly complements our ability to manage more complex plan designs and serve clients who prefer a social enterprise as their carrier.”

“On behalf of the CWI team, I am very excited for the future,” stated CWI’s President Chris Mascitelli. “The acquisition will allow CWI to further enhance the iBenefits and VO platform and give our clients new opportunities to further grow their business. This is a very exciting time for all of us at CWI.”

CWI’s current leadership team will continue to operate the business under the CWI name with Chris Mascitelli remaining president.

For more information:

GSC Media Department
1.800.268.6613 ext. 3409
[email protected]

About Green Shield Holdings Inc.

Part of the Green Shield Canada (GSC) group of companies, Green Shield Holdings Inc. is the primary company used to house subsidiaries.

About Green Shield Canada (GSC)

GSC is Canada’s fourth-largest health and dental benefits provider, and is uniquely structured as a social enterprise with the purpose of making it easier for people to live their healthiest lives. From coast-to-coast, GSC’s service delivery includes drug, dental, extended health care, vision, hospital, and travel benefits for groups and individuals, as well as administration and benefits management services. Supported by outcomes-based sustainability strategies, advanced technology, and exceptional customer service, GSC creates innovative programs for nearly four million plan participants nationwide.

About HBM+

HBM+ is more than a pharmacy benefits manager, it is a health benefits manager. With offices in Quebec and Ontario, HBM+ provides customized white-label solutions that support drug, dental and extended health benefits for group benefits carriers, third-party payors, and government organizations across Canada. HBM+ is built on a foundation of proven technology, seamless branding, innovative claim management and administration capabilities, collaborative provider management, and solid industry expertise. They recognize that each client is unique and requires a business solution tailored to their needs.

About Computer Workware Inc. (CWI)

CWI is a Canadian software company focusing on the development of insurance administration solutions for employee group benefits since 1986. Our flagship products, iBenefits and Vital Objects, provide solutions for Canada’s largest insurance companies and third-party administrators and associations.

Dallas, May 05, 2021 (GLOBE NEWSWIRE) — Thryv Holdings, Inc. (NASDAQ:THRY), the provider of Thryv^® software, the leading end-to-end customer experience platform built for growing small businesses, announced that on Monday, May 10, 2021, it is launching a dashboard within its software for users to manage their Google My Business™ business listing service. This centralized space within Thryv will allow business owners to simplify how they interact with Google My Business. 

Since 81 percent of consumers today search online for a product or service, online presence is critical. And since nearly 94 percent use Google when conducting mobile searches, having an accurate, up-to-date and active Google My Business (GMB) listing is essential for small and medium businesses (SMBs) to compete. 

GMB is the path for businesses to show up when and where consumers are looking for them. A GMB listing includes critical information about the business such as address, website, and hours of operation, plus photos, directions, reviews, social media-like posts, questions-and-answers, scheduling, analytics and more. However, some small businesses find it daunting to set up and maintain their GMB listing. In fact, more than half (56 percent) of local businesses in the U.S. haven’t even claimed their GMB listing. 

That’s where Thryv’s centralized GMB dashboard changes the game. The dashboard provides Thryv users a single location for managing their entire Google My Business presence. Thryv, a Google My Business Featured Partner, already manages more than 30,000 GMB profiles for its customers, and specializes in standardizing and amplifying business information across the web. 

“Thryv currently provides multiple Google integrations to our users, including a Gmail email service plugin, Google Posts and automated campaigns, Reserve with Google, Google Reviews, and soon, Google Messenger, which will automatically send and receive messages directly inside of Thryv’s SMB-friendly centralized inbox,” said Ryan Cantor, Thryv’s VP of Product and Marketing. “Our users asked us to create one central place to manage all of these critical elements – and we’ve delivered. We’re continuing to find new ways to streamline and centralize day-to-day operations and communication for SMBs.” 

Thryv also partners with Yext to standardize listings across the web, so when small business owners utilize Thryv to update their GMB profile, they benefit from having other listings and directory sites updated automatically. In addition, with Thryv’s centralized GMB, small business owners can manage their photos, create and schedule Google Posts, see Google Reviews (and reviews from other sites) and respond in real time, and view enhanced GMB analytics. 

The new GMB dashboard will be available for all Thryv users in the United States and Australia. For more information, please visit Thryv.com. 

About Thryv Holdings, Inc.

Thryv Holdings, Inc. owns the easy-to-use Thryv® end-to-end customer experience software built for growing small to medium sized businesses (SMBs) that helps over 40,000 SaaS clients with the daily demands of running a business. With Thryv®, SMBs can get the job, manage the job and get credit. Thryv’s award-winning platform provides modernized business functions, allowing SMBs to reach more customers, stay organized, get paid faster and generate reviews. These functions include building a digital customer database, automated marketing through email and text, updating business listings across the internet, scheduling online appointments, sending notifications and reminders, managing ratings and reviews, generating estimates and invoices, and processing payments.

Thryv supports franchise operators and multi-location business owners with Hub by Thryv™, a software console that enables businesses managers to oversee their operations using the Thryv® software.

Thryv also connects local businesses to consumer services through our search, display and social media management products, our print directories featuring The Real Yellow Pages® tagline, and our local search portals, which operate under the DexKnows.com®, Superpages.com® and Yellowpages.com URLs and reach some 35 million monthly visitors. For more information about the company, visit thryv.com. 

Thryv delivers business services to more than 400,000 SMBs worldwide that enable these SMBs to compete and win in today’s economy.    

On March 1, 2021, Thryv announced it closed the acquisition of Sensis, Australia’s leading digital, marketing and directory services provider, which helps Australians connect and engage through its leading platforms, digital consumer businesses (Yellow, White Pages, True Local and Whereis), search engine marketing and optimization services, website products, social, data and mapping solutions, and through its digital agency Found. Sensis is also Australia’s largest print directory publisher including the Yellow and White Pages.

Headquartered in Melbourne, Sensis has a sales presence in all states and territories across Australia.    

Media Contact:  

Paige Blankenship

Thryv, Inc.

972.453.3012                                                                         

[email protected]

Investor Contacts:  

Cameron Lessard 

Thryv, Inc.    

214.773.7022 

[email protected]   

KJ Christopher  

Thryv, Inc.    

972.453.7068  

[email protected]  

###

Beverly Hills, California, May 05, 2021 (GLOBE NEWSWIRE) — Kirk W. McLaren, the chief executive of Foresight CFO, released the first episode of the Foresight CFO Podcast today. The podcast is designed for CEOs of private companies who want to challenge the status quo and create options from the unique perspective of the Growth CFO. The insights gained invariably guide CEOs to have more time and financial resources to do what they love. The Foresight CFO Podcast features discussions with CEOs and subject matter experts, who speak candidly about their successes and setbacks and who offer listeners their best battle-tested business building know-how.

Listen to the full episode with Kirk W. McLaren on The Foresight CFO Podcast.

Guidance from a Vetted Source

The Foresight CFO Podcast is hosted by Kirk W. McLaren, a top thought leader in the industry. His experience as an Army behavioral scientist, Georgetown University graduate instructor, and businessman with a career spanning 30 years uniquely positions him to help CEOs overcome challenges, clarify goals, and jumpstart record growth.

McLaren brings his military experience to his work at Foresight CFO and to the podcast. He states that serving in the Army had a major impact on him. It “cultivated my DNA about being intentional, establishing clear objectives, building the right delivery teams to capture synergies, and then achieving the required outcomes through perseverance globally,” he says.

Tips for CEOs Eager to Achieve Their Goals

The Foresight CFO Podcast is made for CEOs who want to achieve both their business and personal goals, whatever they are.

Maybe a CEO wants to delegate the day-to-day running of the business to a well-prepared executive manager. Perhaps they want to run a company so highly valued that strategic partners and capital lenders seek them out. Maybe they want something as simple as more free time in their schedule to pursue a hobby.

The Foresight CFO Podcast will provide these CEOs with concrete actions. It will also teach them to believe that they can achieve their goals—however big or daring they may be.

In addition, on the podcast McLaren will share practical steps that CEOs can take to create a flourishing company with strong financial footing. In working with hundreds of business leaders from around the world, McLaren has seen that it is just not possible for CEOs to achieve big, meaningful goals when the numbers are a mess, cash flow is up and down, and there is no clear roadmap to profitability.

About: 

Hosted by Kirk W. McLaren,CEO of Foresight CFO, the Foresight CFO Podcast is a new show designed for CEOs of private companies who want to challenge the status quo and create options from the unique perspective of the Growth CFO. The insights that CEOs gain while listening to the podcast will help them create more time and more financial resources to do what they love. The Foresight CFO Podcast features discussions with top CEOs and subject matter experts, who speak candidly about their successes and setbacks and who offer listeners battle-tested advice about how to accelerate the growth of their businesses.

Media Communications & Podcast Parter 

Mission Matters

Mission Matters Media, a media and publishing company dedicated to the needs of business owners, entrepreneurs and executives.

Inquiries: [email protected]

Publicist for Adam Torres and Mission Matters Media KISS PR Brand Story PressWire

Brand Publicity Partners KissPR.com

For more details, visit Kisspr.com – PR Distribution . KISS PR Digital PR & Marketing powers the Mission Matters Business podcast with brand storytelling. T: 972.437.8942

Attachment

• Kirk W. McLaren releases “The CEO’s Approach, Successes and Setbacks”

ATCHISON, Kan., May 05, 2021 (GLOBE NEWSWIRE) — MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock.

The dividend is payable on June 4, 2021 to stockholders of record as of May 21, 2021.

About MGP Ingredients, Inc.
MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers.

As one of the largest distillers in the U.S., MGP’s offerings include bourbon and rye whiskeys, gins, and vodkas, which are created at the intersection of science and imagination, for customers of all sizes, from crafts to multinational brands. With U.S. distilleries in Kentucky, Indiana, Kansas, and Washington D.C., and bottling operations in Missouri, Ohio, and Northern Ireland, MGP has the infrastructure and expertise to create on any scale.

MGP’s branded spirits portfolio covers a wide spectrum of brands in every segment, including iconic brands from Luxco, which was founded in 1958 by the Lux Family. Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products. Our branded spirits mission is to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco’s award-winning spirits portfolio includes well-known brands from five distilleries: Bardstown, Kentucky-based Lux Row Distillers, home of Ezra Brooks, Rebel, Blood Oath, David Nicholson and Daviess County; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon Whiskey, Minor Case Straight Rye Whiskey and Bowling & Burch Gin; Jalisco, Mexico-based Destiladora González Lux, producer of 100% agave tequilas, El Mayor, Exotico and Dos Primos; MGP’s historic distillery in Lawrenceburg, Indiana, where the George Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey are produced; and the Washington, D.C.-based Green Hat Distillery, producer of the Green Hat family of gins. The innovative and high-quality brand portfolio also includes Everclear Grain Alcohol, Pearl Vodka, Saint Brendan’s Irish Cream, The Quiet Man Irish Whiskey and other well-recognized brands.

In addition, our Ingredient Solutions segment offers specialty proteins and starches that help customers harness the power of plants and provide a host of functional, nutritional and sensory benefits for a wide range of food products.

The transformation of American grain into something more is in the soul of our people, products, and history. We’re devoted to unlocking the creative potential of this extraordinary resource. For more information, visit mgpingredients.com.

Cautionary Note Regarding Forward-Looking Statements

The forward-looking statements contained herein include, but are not limited to, statements about the expected effects on MGP Ingredients, Inc. (“the Company”) of the recent acquisition of Luxco, Inc. and its affiliates (“Luxco”), anticipated earnings enhancements, synergies and other strategic options. Forward looking statements are usually identified by or are associated with such words as “intend,” “plan,” “believe,” “estimate,” “expect,” “anticipate,” “hopeful,” “should,” “may,” “will,” “could,” “encouraged,” “opportunities,” “potential,” and/or the negatives or variations of these terms or similar terminology.

These forward-looking statements reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, and Company financial results and financial condition and are not guarantees of future performance. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, among others: (i) the ability to realize the anticipated benefits of the acquisition of Luxco; (ii) the ability to successfully integrate the businesses; (iii) disruption from the acquisition of Luxco making it more difficult to maintain business and operational relationships; and (iv) significant transaction costs and unknown liabilities. Additional factors that could cause results to differ materially include, among others, (i) disruptions in operations at our Atchison facility, our Lawrenceburg facility, or any Luxco facility, (ii) the availability and cost of grain, flour, and agave, and fluctuations in energy costs, (iii) the effectiveness of our grain purchasing program to mitigate our exposure to commodity price fluctuations, (iv) the effectiveness or execution of our strategic plan, (v) potential adverse effects to operations and our system of internal controls related to the loss of key management personnel, (vi) the competitive environment and related market conditions, (vii) the impact of the COVID-19 pandemic, (viii) the ability to effectively pass raw material price increases on to customers, (ix) our ability to maintain compliance with all applicable loan agreement covenants, (x) our ability to realize operating efficiencies, (xi) actions of governments, and (xii) consumer tastes and preferences. For further information on these and other risks and uncertainties that may affect our business, including risks specific to our Distillery Products and Ingredient Solutions segments, see Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

For More Information

Investors & Analysts:
Mike Houston
646-475-2998 or [email protected]

Media:
Greg Manis
913-360-5440 or [email protected]

Dallas, Texas, May 05, 2021 (GLOBE NEWSWIRE) — Astanza Laser, the leading distributor of laser technology for aesthetic treatments, is hosting a free webinar with Easton, PA’s leading laser clinic, Precision Laser, on Social Media Marketing for Med Spas and Aesthetics Professionals. The live webinar will be held virtually via Zoom on Tuesday, May 18, 2021 at 1:00 PM CST.

Precision Laser is a family owned and operated aesthetic laser practice that offers laser tattoo removal, laser hair removal, vascular lesion removal, pigmented lesion removal, and more with the Astanza Trinity and Asclepion MeDioStar diode laser, backed by Astanza. During the webinar, Brian Hasenbauer, Astanza VP of Marketing, will be joined by Jessica Talley, Precision Laser Office Manager, and discuss the importance of social media for medical spas and aesthetic businesses.

“We are thrilled to partner with Precision Laser for this informative webinar on how to grow your business through social media,” said Brian Hasenbauer. “We’ve seen the power social media marketing can have for aesthetic business and are excited to share our knowledge and Precision Laser’s insights on how to build your med spa’s brand, attract new customers, and retain clients through platforms like Instagram and Facebook.”

During the webinar, viewers will learn about the following topics:

• Best Social Media Platforms for Med Spas
• Content Strategy, Calendar, & Scheduling
• Hashtags, Stories, and Highlights
• Best Practices and Tipsi
• Question & Answers
• And More

The Social Media Marketing for Med Spas and Aesthetics Professionals webinar is free to view upon registration. All registrants will receive a recording after the live stream. Click here to register and reserve your spot today!

About Precision Laser

Precision Laser is Easton, PA’s premium laser provider for aesthetic treatments. They provide cutting-edge laser tattoo removal, laser hair removal, spider vein removal, brown spot removal, acne treatment, nail fungus removal, and more to residents throughout the greater Easton, Lehigh Valley, and New Jersey areas. Established in May 2019 as a laser tattoo removal-focused practice, the family-owned business has since expanded into a full-service aesthetic practice and continues to deliver superior results for various skin concerns.

To learn more about Precision Laser or schedule an appointment, visit https://precisionlaserspecialists.com/ or call (484) 306-0089. Precision Laser is located at 42 S 3rd Street Easton, PA 18042.

About Astanza Laser

Astanza is the leader in lasers for tattoo removal, hair removal, and additional aesthetic procedures. In addition to delivering cutting-edge medical laser devices such as the Duality, Trinity, MeDioStar, and DermaBlate systems, Astanza offers its customers a complete range of training, marketing, and business consulting services to achieve success in this growing field. Astanza is an award-winning company that has received several accolades from leading industry organizations, including MyFaceMyBody and Aesthetic Everything. They are also certified as a “Great Place to Work”.

Astanza Laser is headquartered in Dallas, TX, with customers throughout North America and Europe. For product, investor, or press information, call (800) 364-9010, or visit https://astanzalaser.com/. Connect with Astanza on LinkedIn, Facebook, Instagram, Twitter, and YouTube.

IRVINE, Calif., May 05, 2021 (GLOBE NEWSWIRE) — CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, has been approved by the Maryland Board of Nursing as the only certified Workers’ Compensation Case Manager (WCCM-RN) training program in the state. The state of Maryland recognizes WCCM as a specialty practice within the nursing field because the position requires advanced knowledge and skills to act as a patient advocate while navigating the workers’ compensation process.

After Maryland’s previous vendor ended its WCCM-RN program earlier this year, CorVel stepped up to offer its services. The company leveraged its extensive experience as a leader in nurse case management to design a comprehensive program that encompasses everything from the history of case management to insurance and payer information to the Nurse Practice Act and hospital case management.

“The state of Maryland chose to uphold the WCCM-RN certification requirement, even after the only existing training program leading to certification abruptly retired. We at CorVel identified the gap and quickly responded with a solution,” said Olympia C. Ross, MSN, RN, ACM-RN, CorVel Case Management Manager & WCCM-RN Faculty Instructor. “I am very proud to say that we have now become the only approved training program for the state of Maryland, and we will be leading the movement to maintain the integrity of this necessary and well-respected professional certification.”

“CorVel is proud to support the WCCM certification that the Maryland State Board of Nursing requires for registered nurses,” said Karen Thomas, RN, MSN, CCCM, Director of Case Management Innovation at CorVel. “We are committed to providing high-quality case management training for all nurses to ensure Maryland’s injured workers receive the best possible care possible.”

Registration is now open for nurses interested in the advanced practice role. Initially, the two-day course will be conducted virtually. For more information, please contact Olympia Ross at [email protected].

About CorVel

CorVel Corp. applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. We partner with employers, third-party administrators, insurance companies and government agencies in managing worker’s compensation and health, auto and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s network solution services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s strategic alliances within the healthcare market. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment.

The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarters ended September 30, 2020 and December 31, 2020. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.