Market Newsdesk

VALCOURT, Quebec, Dec. 17, 2020 (GLOBE NEWSWIRE) — BRP (TSX: DOO; NASDAQ: DOOO) saw Can-Am Off-Road racers set new standards for side-by-side vehicle performance this year. And as 2020 approaches the finish line, the company is looking in its rearview mirror and celebrating a record-breaking year on racetracks around the world. And, just as importantly, acknowledging what all those victories mean for everyone who craves the ultimate in off-road exhilaration.

“2020 was an incredible year for Can-Am Off-Road racing,” said Bernard Guy, Senior Vice President of Global Product Strategy at BRP. “The results speak for themselves. And much like automotive manufacturers involved with F1 or NASCAR, racing is a key marker for our product innovation. We observe and test vehicle dynamics and performance in the harshest of conditions, and then we take that same winning formula and apply it to our entire lineup, whether it’s used on the track, for work, or out with friends and family.”

So Many Podiums

This year, production-based UTV Turbo race categories were dominated by the Can-Am Maverick X3 and its roster of professional and amateur racers. From the renowned Dakar Rally in January to the SCORE Pro UTV Championship in December, and oh-so-many in between, the Can-Am Maverick X3 brought a wide and diverse group of riders into the winner’s circle, making history along the way.

Highlights from Around the World:

• Casey Currie and co-driver Sean Berriman became the first Americans to win the Dakar Rally on four wheels. They covered a grueling 7,500+ km over 12 days, showcasing the incredible performance, toughness, and reliability of the Maverick X3 along the way.
• Hunter Miller won the Ultra4 King of the Hammers, leading a podium sweep for the Maverick X3 in a race dubbed “the toughest one-day off-road race on the planet” – which isn’t an exaggeration
• Phil Blurton won the season-long Best in the Desert Championship
• Matt Burroughs won the season-long SCORE Championship
• Corry Weller won the season-long Lucas Oil Off Road Racing Series
• Toby Price won the Goondiwindi 400, a grueling 400 km race in Australia
• Denisio Casarini Filho and Ivo Renato Mayer won the Rally dos Sertões in Brazil

To compete (and win) against world-class competition, Can-Am racers start exactly where a regular rider does: with a stock Can-Am Maverick X3.

“The development of our vehicles is done from the rider down, and we create machines suited to their wide array of needs,” says Jean-François Leclerc, BRP Race Manager. “The fact that the Maverick X3 can achieve such amazing results across the board on the hardest tracks in the world means it’s built to overcome any challenges thrown at it by weekend riders.”

People looking for a vehicle capable of tackling the toughest terrain, remote vistas and exciting trails can rely on the winning vehicles of the world’s hardest off-road races. Racing nearly every weekend demonstrates the astounding solidity and flexibility of the Maverick X3. Whether riders are looking for a thrill in the rocks or the mud, or landowners needing a vehicle that can work as hard as they do, it can be done with confidence in a Can-Am machine built to conquer the roughest conditions.

Can-Am has the right machine, part, or accessory to ensure you are able to get the most out of whatever you asking your machine to do. For more technical details and product specs, as well as information about the complete MY21 lineup of Can-Am Off-Road vehicles, visit https://can-am.brp.com/off-road/.

About BRP
We are a global leader in the world of powersports vehicles, propulsion systems and boats, built on over 75 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft, Manitou, Quintrex, Stacer and Savage boats, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel business to fully enhance the riding experience.

With annual sales of CA$6.1 billion from over 120 countries, our global workforce is made up of approximately 12,600 driven, resourceful people.

www.brp.com

@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Evinrude, Manitou, Alumacraft, Telwater and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

For information:

Steven Ross
Global Consumer Public Relations Specialist
Tel: 438.885.2751
[email protected]
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b3c1c58-8c57-46ba-a59e-67a1828c91ef

Santa Fe, NM, Dec. 17, 2020 (GLOBE NEWSWIRE) — 2020 has been a challenging and unpredictable year for nearly everyone. With the New Year just ahead, many of us are looking forward to a better 2021 and beyond.

“The beginning of a new year is an opportunity to look to the future,” said Ted Miller, Executive Director of the Education Trust Board of New Mexico, the state agency that administers The Education Plan^®. “Planning ahead is one of the most important steps in setting a course for the future. This New Year, we encourage you to look beyond just the next 365 days. Saving for future education costs is a positive step for you and your family.”

“A 529 college savings plan is for everyone—regardless of how much you are able to save at first,” added Miller. “Studies have shown that students who have as little as $500 saved for college are three times as likely to attend college and four times as likely to graduate. Your future thinking now can vastly improve the employment and earning opportunities available for your children or grandchildren in the future. We encourage everyone to start 2021 with a new philosophy and renewed dedication to saving for education.”

A college savings plan with The Education Plan® can be opened with as little as $1 and you can make contributions whenever you choose. Any contributions that fit with your goals and budget will make a difference. Contributions are tax-deductible on some state income tax returns and grow tax-free, and there is no tax when funds are used for qualified education expenses.

Funds can be used to cover tuition, room and board, meal plans, computers and software at universities, community colleges, professional schools and trade schools.

To learn more about the Education Plan^®, visit theeducationplan.com or call 1(877) 337-5268.

LEAD PLAINTIFF DEADLINE IS FEBRUARY 8, 2021

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of Ohio on behalf of shareholders who purchased Covia Holdings Corporation f/k/a Fairmount Santrol Holdings Inc. (“Covia”) (OTC: CVIAQ) (NYSE: CVIA) (NYSE: FMSA) between March 15, 2016 to June 29, 2020, inclusive (the “Class Period”).

All investors who purchased shares of
Covia Holdings Corporation and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

If you have incurred losses in the shares of Covia Holdings Corporation., you may,no later than February 8, 2021, request that the Court appoint you lead plaintiff of the proposed class.   Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Covia Holdings Corporation.

CLICK HERE TO JOIN CASE

According to the filed complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

• Covia’s proprietary “value-added” proppants were not necessarily more effective than ordinary sand;
• Covia’s revenues, which were dependent on its proprietary “value-added” proppants, was based on misrepresentations;
• when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and
• as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Third Quarter Results for OptimumBank (the “Bank”) continued

Fort Lauderdale, FL., Dec. 17, 2020 (GLOBE NEWSWIRE) — OptimumBank Holdings, Inc. (OPHC-NASDAQ)

Recap of Results (see press release of December 7, 2020):

OPHC previously announced the Bank’s third quarter net income of $345,000, which excludes an allowance for losses provision expense of $523,000. Net interest income increased from $2,450,000 for the nine-month period ended September 30, 2019 to $3,631,000 for the nine-month period ended September 30, 2020, representing a 48% increase. This growth was accomplished while staying well capitalized via frequent capital injections from investors.

Additional Matters:

Importantly, the overall income results are not solely the result of loans and capital infusions, but also stem from significant changes in deposit mix and other borrowings. Critically, fee income through wire and ACH fees have climbed substantially. For the nine-month period ended September 30, 2019, such income was $64,000 as compared to $192,000 for the nine-month period ended September 30, 2020. Annualized, fee income now has an important stabilizing affect from only a few years back.

Chairman Moishe Gubin commented: “The Board and management take seriously the process of strategic planning and continuous improvements in processes and profitability. Traditional community banking relies heavily on net interest income. OptimumBank has strategically invested in improving non-balance sheet fee income, which has been successful, while maintaining a careful review of its risks.

As has been noted in the past, OPHC has an unusually strong and diverse Board of Directors. One strength is in the process of strategic planning while another is the formation of action plans to accomplish targeted goals. Such goals include increasing branch efficiency, additional payment services, and the acquisition of Banks or Non-Banks that would add product lines and geographic reach.

Safe Harbor Statement:

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our limited operating history, managing our expected growth, risks associated with integration of acquired websites, possible inadvertent infringement of third-party intellectual property rights, our ability to effectively compete, our acquisition strategy, and a limited public market for our common stock, among other risks. OptimumBank Holdings, Inc.’s future results may also be impacted by other risk factors listed from time-to-time in its SEC filings. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward looking statements speak only as to the date they are made and OptimumBank Holdings, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Investor Relations:

OptimumBank Holodings, Inc.
[email protected]
+1.954.900.2805