Market Newsdesk

November 16, 2020 5:59 pm

Kilroy Realty Corporation to Participate in the NAREIT REITworld Virtual Conference

Kilroy Realty Corporation to Participate in the NAREIT REITworld Virtual Conference

LOS ANGELES–(BUSINESS WIRE)–
Kilroy Realty Corporation (NYSE: KRC) announced today that members of the Company’s senior management will participate in various equity and debt investor and analyst meetings during the NAREIT REITworld virtual conference on November 17-19, 2020.

In connection with the conference, the Company will post a presentation on its Investor Relations website and can be accessed by following the link below: https://investors.kilroyrealty.com/shareholders/presentations/default.aspx.

About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the “company”, “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.

KRC is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.

As of September 30, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.

A Leader in Sustainability and Commitment to Corporate Social Responsibility

KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 68% LEED certified and 40% Fitwel certified as of September 30, 2020.

The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the sustainability leader in the Americas for six consecutive years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for seven years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past five years.

A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. The company was named to Bloomberg’s 2020 Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.

More information is available at http://www.kilroyrealty.com.

Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions generally, and specifically, in the States of California and Washington; risks associated with our investment in real estate assets, which are illiquid, and with trends in the real estate industry; defaults on or non-renewal of leases by tenants; any significant downturn in tenants’ businesses; our ability to re-lease property at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for distribution and debt service and exposure to risk of default under debt obligations; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or at all, which may adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in real estate asset valuations, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts; delays or refusals in obtaining all necessary zoning, land use and other required entitlements, governmental permits and authorizations for our development and redevelopment properties; increases in anticipated capital expenditures, tenant improvement and/or leasing costs; defaults on leases for land on which some of our properties are located; adverse changes to, or enactment or implementations of, tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers; environmental uncertainties and risks related to natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our quarterly report on Form 10-Q for the period ending June 30, 2020 and in our annual report on Form 10-K for the year ended December 31, 2019 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006065/en/

Tyler H. Rose

Executive Vice President

and Chief Financial Officer

(310) 481-8484

or

Michelle Ngo

Senior Vice President

and Treasurer

(310) 481-8581

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Residential Building & Real Estate Commercial Building & Real Estate Construction & Property REIT

MEDIA:

November 16, 2020 5:56 pm

Almonty Announces the Filing of Its Unaudited Interim Consolidated Financial Statements and MD&A for the Three and Nine Months Ended September 30, 2020

Almonty Announces the Filing of Its Unaudited Interim Consolidated Financial Statements and MD&A for the Three and Nine Months Ended September 30, 2020

TORONTO–(BUSINESS WIRE)–
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three and nine months ended September 30, 2020. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.

The following financial information is for the three and nine months ended September 30, 2020 and 2019:

	Three months ended		Three months ended		Nine months ended		Nine months ended
	30-Sep-20		30-Sep-20		30-Sep-20		30-Sep-20
	$’000		$’000		$’000		$’000
Gross Revenue	5,128		6,319		18,510		31,620
Mine production costs	5,171		5,269		15,798		19,989
Care and maintenance costs	114		–		827		–
Depreciation and amortization	229		595		1,357		2,936
Earnings (loss) from mining operations	(386	)	455		528		8,695

General and administrative costs	1,378		1,831		5,068		5,331
Non-cash compensation costs	–		–		207		68
Earnings (loss) before the under noted items	(1,764	)	(1,376	)	(4,747	)	3,296

Interest expense	830		616		2,247		1,916
(Gain) Loss on debt settlement	(158	)	(212	)	(1,777	)	(212	)
Foreign exchange (gain) loss	(352	)	307		674		(704	)
Tax provision	7		347		7		490
Net income (loss) for the period	(2,091	)	(2,434	)	(5,898	)	1,806
Income per share – basic	($0.01	)	($0.01	)	($0.03	)	$0.01
Income per share – diluted	($0.01	)	($0.01	)	($0.03	)	$0.01
Dividends	–		–		–		–

Cash flows provided by (used in) operating activities	(1,770	)	(8,159	)	(4,437	)	(2,763	)
Cash flows provided by (used in) investing activities	(2,861	)	360		(4,784	)	(3,000	)
Cash flows provided by (used in) financing activities	3,951		5,617		9,042		(447	)

The following financial information is as at September 30, 2020 and December 31, 2019:

	30-Sep-20	31-Dec-19
	$’000	$’000
Cash	1,407	1,496
Total assets	144,885	133,646
Long-term debt	61,352	49,499
Shareholders’ equity	31,914	33,816

Other
Outstanding shares (‘000)	183,464	182,717
Weighted average outstanding shares (‘000)
Basic	183,331	181,493
Fully diluted	183,331	181,493
Closing share price	$0.71	$0.42

Lewis Black, Chief Executive Officer of Almonty commented: “Having reported six weeks ago, our outlook for the year remains unchanged. And despite the numerous Covid-19-related delays and the last-minute negotiations that we have worked through, we will be pleased to issue the last and final news release regarding the financing of our Sangdong Project imminently. Meanwhile, construction has commenced at site, with 120m of the Monty B portal almost completed, to be followed by the second phase of 600m mine development which will continue on from the portal.

In addition, the renovation of the old post office in the Sangdong town is now underway and will become the new administration office and laboratory for the Sangdong Mine, and is expected to be completed mid-December 2020. The renovation, instead of constructing a new build, represents over a US$600,000 savings to the Capex as well as freeing up more than 4,500m² from the mine site.”

About Almonty

The principal business of Toronto, Canada-based Almonty Industries Inc. is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain and its Panasqueira mine in Portugal as well as the development of its Sangdong tungsten mine in Gangwon Province, South Korea and the development of the Valtreixal tin/tungsten project in north western Spain. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Panasqueira mine, which has been in production since 1896, is located approximately 260 kilometres northeast of Lisbon, Portugal, was acquired in January 2016 and produces tungsten concentrate. The Sangdong mine, which was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, was acquired in September 2015 through the acquisition of a 100% interest in Woulfe Mining Corp. Almonty owns 100% of the Valtreixal tin-tungsten project in north-western Spain. Further information about Almonty’s activities may be found at www.almonty.com and under Almonty’s profile at www.sedar.com.

Legal Notice

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

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

Disclaimer for Forward-Looking Information

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. These statements and information are based on management’s beliefs, estimates and opinions on the date that statements are made and reflect Almonty’s current expectations.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate (“APT”) from which the sale price of Almonty’s tungsten concentrate is derived, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty’s operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty’s business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty’s shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development and operations at Almonty’s tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty’s mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty’s mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, challenges related to global financial conditions, risks related to future sales or issuance of equity securities, differences in the interpretation or application of tax laws and regulations or accounting policies and rules and acceptance of the TSX of the listing of Almonty shares on the TSX.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of ammonium para tungstate (APT), the continuing ability to fund or obtain funding for outstanding commitments, expectations regarding the resolution of legal and tax matters, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.

Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

(1) Non-GAAP Financial Measures

This press release makes reference to certain non-GAAP financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of Almonty’s results of operations from management’s perspective. Almonty’s definitions of non-GAAP measures used in this press release may not be the same as the definitions for such measures used by other companies in their reporting. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Almonty’s financial information reported under IFRS. Almonty uses non-GAAP financial measures, including “EBITDA”, to provide investors with supplemental measures of its operating performance and to eliminate items that have less bearing on operating performance or operating conditions, and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Almonty defines “EBITDA from mining operations” as gross revenue less mine production costs.

Almonty believes that securities analysts, investors and other interested parties frequently use non-GAAP financial measures in the evaluation of issuers. Almonty’s management also uses non-GAAP financial measures in order to facilitate operating performance comparisons from period to period.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006064/en/

Lewis Black

Chairman, President and CEO

+1 647 438-9766

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

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November 16, 2020 5:48 pm

Aspen Technology Receives Staff Determination from Nasdaq

Aspen Technology Receives Staff Determination from Nasdaq

BEDFORD, Mass.–(BUSINESS WIRE)–
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it received a notice from Nasdaq on November 12, 2020 stating that, as the result of not having timely filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2020, or the 2020 Form 10‑K, and its Quarterly Report on Form 10-Q for the three months ended September 30, 2020, or the Q1 2021 Form 10-Q, AspenTech is not in compliance Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financing reports with the Securities and Exchange Commission. AspenTech announced on September 23, 2020 that it had received a notice from Nasdaq with respect to the 2020 Form 10-K.

The Nasdaq notices have no immediate effect on the listing or trading of AspenTech’s common stock on the Nasdaq Global Select Market. Today we submitted a plan to regain compliance under Nasdaq’s listing rules. If the plan is accepted by Nasdaq, AspenTech may be granted an exception of up to 180 calendar days from the original due date of the 2020 Form 10-K, or until March 15, 2021, to regain compliance. AspenTech expects to regain compliance within the timeline prescribed. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

On November 10, 2020, AspenTech filed a notification with the Securities and Exchange Commission on Form 12b 25 of its inability to timely file the Q1 2021 Form 10-Q due to AspenTech’s need for additional time to complete its procedures to finalize the 2020 Form 10-K, which has taken longer than anticipated as a result of additional errors identified by AspenTech in the transition adjustment recorded in the prior fiscal year related to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“Topic 606”). AspenTech is working diligently to complete and file the 2020 Form 10-K and Q1 2021 Form 10-Q as quickly as possible.

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

Forward-Looking Statements

The second and third paragraphs of this press release contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may vary significantly from AspenTech’s expectations based on a number of risks and uncertainties, including, without limitation: statements or expectations regarding the timing of filing a Form 10-K for the year ended June 30, 2020 and a Quarterly Report on Form 10-Q for the three months ended September 30, 2020 with the Securities and Exchange Commission and the ability of AspenTech to regain compliance with Nasdaq listing requirements to avoid delisting of its securities on the Nasdaq Stock Market. AspenTech cannot guarantee any future timing of filing of its Form 10-K or Form 10-Q or achievement of compliance with Nasdaq listing standards. AspenTech expressly disclaims any obligation to update forward-looking statements after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006063/en/

Media Contact

Lucy Millington

Aspen Technology

+1 781-221-6419

[email protected]

Investor Contact

Brian Denyeau

ICR for Aspen Technology

+1 646-277-1251

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Networks Security Data Management Technology Software

MEDIA:

November 16, 2020 5:43 pm

SCE Names Top-10 Cities for Reporting Phone Scams, Urges Vigilance During Holiday Season

SCE Names Top-10 Cities for Reporting Phone Scams, Urges Vigilance During Holiday Season

ROSEMEAD, Calif.–(BUSINESS WIRE)–
Southern California Edison is sharing a list of the top-10 cities in its service area for customer-reported utility bill phone scams. Residents in these cities and others may experience an increase in scam attempts during the upcoming holiday season. The warning comes during Utility Scam Awareness Week, Nov. 16-20, a campaign by Utilities United Against Scams to raise awareness about the threat posed by scams.

SCE customers report being victimized for nearly $300,000 so far this year by utility bill phone scams. While these and similar scams have existed for decades, the COVID-19 pandemic created widespread opportunities for con artists posing as utility representatives to target unsuspecting customers observing stay-at-home precautions. These attempts to steal money, personal information or both have expanded to include the growing use of mobile payment applications.

SCE’s top-10 cities for reporting utility phone scams this year are:

Fontana
Hemet
Huntington Beach
Irvine
Long Beach
Moreno Valley
Ontario
San Bernardino
Santa Ana
Whittier

“Our customers are doing a great job of reporting attempted scams to us, so our company can take steps to help shut down the phone lines these fraudsters use,” says Jill Anderson, SCE’s senior vice president of Customer Service.

She added, “When the COVID-19 crisis erupted, SCE quickly suspended service disconnections for nonpayment and waived late fees by request for residential and small business customers, which will continue at least until April 2021. We also want our customers to know that any threat of immediate service disconnection without payment by someone claiming to be from SCE should be recognized as a scam attempt.”

Reports from customers to SCE indicate utility bill scams tend to target the elderly, English learners — or both — and smaller businesses such as hair salons and auto mechanics, many of which have been struggling since the pandemic started.

To avoid becoming a victim of a utility bill scam, customers should know that:

SCE does not have a “disconnection department.”
SCE will never demand an immediate payment with the threat of disconnection.
SCE does not accept prepaid cash cards or bitcoins for bill payments.
SCE will never ask for your credit card or account information over the phone.
SCE employees will not demand to collect, or accept, payment in the field.

Customers who believe they are being or have been targeted by a utility bill scam should confirm their account balance or payment status by calling SCE’s customer service center at 1-800-655-4555. If possible, save information such as callback phone numbers or payment instructions and report the attempt by calling SCE’s customer service center, emailing SCE at [email protected] or by completing SCE’s online fraud form.

To learn more about the suspicious behaviors and tactics of utility bill phone scammers, please visit sce.com/scamalert.

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006061/en/

Media Contact:

Denise Luu, (626) 302-2255

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Public Policy/Government Utilities Energy Law Enforcement/Emergency Services Small Business Professional Services Consumer Other Consumer

MEDIA:

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November 16, 2020 5:41 pm

PG&E Fire Victim Trust ApplaudsCalifornia Department of Insurance Request for Insurers to Provide Fire Victims With Extended Coverage and Time to Rebuild

PG&E Fire Victim Trust ApplaudsCalifornia Department of Insurance Request for Insurers to Provide Fire Victims With Extended Coverage and Time to Rebuild

Cooperation by Insurers Essential to Victims’ Recovery

SAN FRANCISCO–(BUSINESS WIRE)–
The Fire Victim Trust (FVT) would like to thank California Insurance Commissioner Ricardo Lara for responding to the FVT by formally requesting that Insurance Companies extend the time to allow Fire Victims to receive additional policy benefits currently available, but unpaid, for cost of repair and code upgrades. Commissioner Lara also asked the Insurers to extend the time for Fire Victims to claim additional living expenses. Both of these extensions are important for the Fire Victims because they allow them to maintain stability in their temporary quarters as they go through the rebuilding/replacement process. The extensions will also allow the Fire Victims to maximize recovery of their insurance benefits and enable the FVT to conserve funds for the benefit of all Fire Victims.

The tragic events of 2020 including the Covid-19 pandemic and the 2020 wildfires, exacerbated by a shortage of contractors and slow building permitting in many impacted communities, has crippled Fire Victims’ ability to begin the rebuilding process. Meanwhile, under the terms of their current policies, many victims living in rental housing face the prospect of being unable to pay their rent and other bills as the holiday season approaches.

“These Fire Victims have suffered enormous harm and their lives have been dramatically altered in the course of the last several years. I’m heartened to see that the California Department of Insurance has taken bold action to try to ensure that families can maintain a sense of stability by remaining in their temporary homes as they continue on the difficult journey of trying to rebuild not only their former houses, but their lives,” said Justice John K. Trotter (Ret.), Trustee of the FVT.

The FVT announced earlier this month that by Thanksgiving it will begin making preliminary payments of up to $25,000 to eligible victims. To be eligible, claimants must have submitted a Proof of Claim in the PG&E bankruptcy and also must submit a claims questionnaire available at FireVictimTrust.com. Each claim will be reviewed on a case by case basis to determine if the claimant qualifies for a preliminary payment.

PG&E Corporation and Pacific Gas & Electric Company filed for bankruptcy relief in January 2019. On July 1, 2020, the Bankruptcy Court established the FVT as part of the Chapter 11 Plan of Reorganization to administer, resolve and compensate the victims of the Butte Fire, North Bay Fires and Camp Fire. The FVT is administered under the direction of Trustee Justice Trotter and Claims Administrator Cathy Yanni, who were appointed by the Bankruptcy Court. They have extensive experience overseeing complex claims resolution and compensation programs.

About the Fire Victim Trust

Under the direction of the Trustee, the Honorable John K. Trotter (Ret.), and the Claims Administrator, Cathy Yanni, the Fire Victim Trust provides an efficient and equitable process to compensate Fire Victims for both economic and noneconomic damages caused by these fires, including destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, emotional distress, personal injury and death. For more information, visit FireVictimTrust.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006060/en/

Nick Gaffney

Zumado Public Relations

[email protected]

415-732-7801

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Courts Public Policy/Government State/Local Legal Insurance

MEDIA:

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November 16, 2020 5:40 pm

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Interface, Inc. of Class Action Lawsuit and Upcoming Deadline – TILE

NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Interface, Inc. (“Interface” or the “Company”) (NASDAQ: TILE) and certain of its officers. The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-05518, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired Interface securities between March 2, 2018 and September 28, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Interface securities during the Class Period, you have until January 11, 2021, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Interface is a modular flooring company that designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The Company was founded in 1973 and is headquartered in Atlanta, Georgia.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Interface had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) consequently, Interface, inter alia, reported artificially inflated income and earnings per share (“EPS”) in 2015 and 2016; (iii) Interface and certain of its employees were under investigation by the Securities and Exchange Commission (“SEC”) with respect to the foregoing issues since at least as early as November 2017, had impeded the SEC’s investigation, and downplayed the true scope of the Company’s wrongdoing and liability with respect to the SEC investigation; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On April 24, 2019, Defendants filed a current report on Form 8-K with the SEC, disclosing, inter alia, that Interface “received a letter in November 2017 from the [SEC] requesting that the Company voluntarily provide information and documents in connection with an investigation into the Company’s historical quarterly [EPS] calculations and rounding practices during the period 2014-2017”; that “[t]he Company subsequently received subpoenas from the SEC in February 2018, July 2018 and April 2019 requesting additional documents and information”; and that “[i]n the fourth quarter of 2018, the Company conducted at the SEC’s request an internal investigation into these and other related issues for seven quarters in 2015, 2016 and 2017.”

On this news, Interface’s stock price fell $1.43 per share, or 8.37%, to close at $15.66 per share on April 25, 2019.

Then, on September 28, 2020, the SEC announced the conclusion of its investigation into Interface’s historical quarterly EPS calculations and rounding practices. Interface agreed to pay a $5 million fine to resolve the matter and was ordered to cease and desist from violating the federal securities laws. In the SEC’s enforcement order issued that same day, the SEC also disclosed how, inter alia, “Interface employees caused Interface to produce documents in response to Commission investigative requests that were suggestive of contemporaneous support for journal entries that, in truth, did not exist at the time the entries were recorded,” and had modified certain documents after the SEC’s investigation began.

On this news, Interface’s stock price fell $0.20 per share, or 3.13%, over the following two trading sessions to close at $6.18 per share on September 29, 2020

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

November 16, 2020 5:36 pm

Friedman Industries, Incorporated Announces Second Quarter Results

LONGVIEW, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) –

The Company announced today its results of operations for the second quarter. For the quarter ended September 30, 2020 (the “2020 quarter”), the Company recorded a net loss of $250,005 ($0.04 diluted loss per share) on sales of $24,861,680 compared to a net loss of $1,544,137 ($0.22 diluted loss per share) on sales of $39,995,580 for the quarter ended September 30, 2019 (the “2019 quarter”).

Operating results for both the 2020 quarter and the 2019 quarter were negatively affected by the impact of declining steel prices. However, steel prices started increasing in the middle of the 2020 quarter which sparked margin improvement, especially for the coil segment where margin typically responds quicker to fluctuations in steel prices compared to our tubular segment.

Operating results for the 2019 quarter were impacted negatively by an inventory write down of $955,605 at September 30, 2019 related to certain items of the tubular segment’s manufactured pipe inventory. The inventory write down was due primarily to the persistent decline of hot-rolled steel prices at the time and soft demand resulting in slower inventory turnover.

SUMMARY OF OPERATIONS (unaudited)

	Three Months Ended September 30,						Six Months Ended September 30,
		2020			2019			2020			2019

Net Sales	$	24,861,680		$	39,995,580		$	48,386,280		$	80,970,900

Total costs and
other income		25,174,401			42,027,709			49,835,631			82,733,758

Earnings (loss) before
income taxes		(312,721	)		(2,032,129	)		(1,449,351	)		(1,762,858	)

Provision for (benefit from)
income taxes		(62,716	)		(487,992	)		(340,484	)		(413,493	)


Net earnings (loss)	$	(250,005	)	$	(1,544,137	)	$	(1,108,867	)	$	(1,349,365	)

Weighted average shares outstanding:
Basic		7,067,898			6,999,444			7,074,137			6,999,444
Diluted		7,067,898			6,999,444			7,074,137			6,999,444

Net earnings (loss) per share:
Basic	$	(0.04	)	$	(0.22	)	$	(0.16	)	$	(0.19	)
Diluted	$	(0.04	)	$	(0.22	)	$	(0.16	)	$	(0.19	)

COIL SEGMENT OPERATIONS

Coil segment sales for the 2020 quarter totaled $18,456,086 compared to $28,420,609 for the 2019 quarter. Total coil segment sales decreased due to recent declines in hot-rolled steel pricing accompanied with decreased sales volume primarily related to impacts of the COVID-19 pandemic. Inventory tons sold decreased from approximately 43,000 tons in the 2019 quarter to approximately 33,000 tons in the 2020 quarter. The average selling price related to these shipments decreased from approximately $653 per ton in the 2019 quarter to approximately $548 per ton in the 2020 quarter. Coil segment operations recorded operating profits of approximately $751,000 and $324,000 for the 2020 and 2019 quarters, respectively. Operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by low margins associated with declines in hot-rolled steel prices. However, margins did start to improve at the end of the 2020 quarter when hot-rolled steel pricing increased.

TUBULAR SEGMENT OPERATIONS

Tubular product segment sales for the 2020 quarter totaled $6,405,594 compared to $11,574,971 for the 2019 quarter. Total tubular segment sales declined due primarily to a lower sales volume and lower steel prices. Tons sold decreased from approximately 15,500 tons in the 2019 quarter to approximately 10,000 tons in the 2020 quarter. The volume decline was primarily related to impacts of the COVID-19 pandemic and challenging conditions for the U.S. energy industry. The average selling price related to these shipments decreased from approximately $755 per ton in the 2019 quarter to approximately $634 per ton in the 2020 quarter. The tubular segment operations recorded operating losses of approximately $344,000 and $1,746,000 for the 2020 and 2019 quarters, respectively. Operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by declines in hot-rolled steel prices, but the 2020 quarter was also negatively affected by the impacts of the COVID-19 pandemic and challenging conditions for the U.S. energy industry. Operating results for the 2019 quarter were impacted negatively by an inventory write down of $955,605 at September 30, 2019 related to certain items of the segment’s manufactured pipe inventory. The inventory write down was due primarily to the persistent decline of hot-rolled steel prices and soft demand resulting in slower inventory turnover.

STRATEGIC INITIATIVES

The Company continued the previously announced capital expenditure project at our Decatur, Alabama facility during the second quarter of fiscal 2021. This project involves the purchase and installation of a stretcher leveler coil processing line. This newly acquired equipment will allow the Decatur location and our overall coil segment to process material that is thicker, wider and higher strength. In addition, material that has been leveled by the stretcher leveling process is preferable to certain customers and applications compared to material that has been leveled by the temper mill process. The Company currently expects the installation of the new equipment to begin in December 2020 and expects commercial use of the equipment to begin in February 2021. The Company currently estimates the cost of this project to be $7,200,000. This estimated cost is greater than our previously disclosed cost of $5,800,000 due to additional components that have been added to the project to improve the efficiency and output of the equipment. As of September 30, 2020, expenditures related to the Decatur project totaled $5,427,263 with this amount reported as “Construction in process” on the Company’s consolidated balance sheet.

We continue to implement price-risk management practices into our business by trading hot-rolled coil futures. We believe price-risk management is a critical tool for improving the consistency of our financial results in a volatile commodity-based business.

On June 25, 2020, our Board of Directors authorized a share repurchase program under which the Company may repurchase up to 1,062,067 shares of the Company’s outstanding common stock through June 30, 2023, which equates to 15% of the Company’s outstanding shares of common stock as of June 25, 2020. During the September 30, 2020 quarter we repurchased 67,281 shares at a total cost of $410,221.

Repurchases under the program may be made from time to time at the Company’s discretion and may be made in open market transactions, through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The timing and actual number of shares repurchased pursuant to the program will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.

OUTLOOK
/ COVID-19

During August 2020 hot-rolled steel pricing started to rise and has continued a significant increase of approximately 60% as of the date of this release. Our coil segment margins started improving late in the second quarter and have continued to improve during the third quarter. Our tubular segment margins do not respond as quickly to the fluctuations in steel price, but we have started to see improved margins for our manufactured pipe sales during November 2020. In general, we expect solid margins for the third quarter. We expect both coil segment and tubular segment sales volumes for the third quarter to be comparable to those of the second quarter with the potential to be slightly less due to typical seasonality associated with the holidays and fewer shipping days.

In March 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic. In addition to the devastating effects on human life, this contagious virus has adversely affected economies globally. It has also disrupted the normal operations of many businesses, including ours and many of our customers. Our facilities have continued to operate during this crisis but we are operating with modifications to our facility practices, employee travel, employee work locations and virtualization or cancellation of company and customer events, among other modifications. We may take further actions that alter our business operations as the situation evolves. There are no comparable events that provide guidance as to the effect the COVID-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. We do not yet know the full extent of the effects on the economy, the markets we serve, our business or our operations. We have experienced a small number of cases within our workforce with each case being isolated with no spread to other employees.

ABOUT FRIEDMAN INDUSTRIES

Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments: coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The Company is in the process of replacing its temper mill and cut-to-length line at the Decatur plant with a stretcher leveler line. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and such statements involve risk and uncertainty. Forward-looking statements include those preceded by, followed by or including the words “will,” “expect,” “intended,” “anticipated,” “believe,” “project,” “forecast,” “propose,” “plan,” “estimate,” “enable,” and similar expressions, including, for example, statements about our business strategy, our industry, our future profitability, growth in the industry sectors we serve, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions, future production capacity, product quality and estimates and projections of future activity and trends in the oil and natural gas industry. These forward-looking statements may include, but are not limited to, future changes in the Company’s financial condition or results of operations, future production capacity, product quality and proposed expansion plans. Forward-looking statements may be made by management orally or in writing including, but not limited to, this news release.

Forward-looking statements are not guarantees of future performance. These statements are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Although forward-looking statements reflect our current beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements.

Actual results and trends in the future may differ materially depending on a variety of factors including, but not limited to, changes in the demand for and prices of the Company’s products, the continuing impact of the COVID-19 pandemic, changes in government policy regarding steel, changes in the demand for steel and steel products in general and the Company’s success in executing its internal operating plans, including the installation of our new stretcher leveler line, changes in and availability of raw materials, our ability to satisfy our take or pay obligations under certain supply agreements, unplanned shutdowns of our production facilities due to equipment failures or other issues, the continuing shifting of governmental policy relating to PPP loans and forgiveness of such loans, increased competition from alternative materials and risks concerning innovation, new technologies, products and increasing customer requirements. Accordingly, undue reliance should not be placed on our forward-looking statements. Such risks and uncertainty are also addressed in our Management’s Discussion and Analysis of Financial Condition and Results of Operations and other sections of the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the Company’s Annual Report on Form 10-K and its other Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except to the extent law requires.

For further information, please refer to the Company’s Form 10-Q as filed with the SEC on November 16, 2020 or contact Alex LaRue, Chief Financial Officer – Secretary and Treasurer, at (903) 758-3431.

November 16, 2020 5:33 pm

MariMed Introduces Nature’s Heritage™ RSO Capsules

F
irst RSO
capsules from Nature’s Heritage
Manufactured
in 5 mg, 25 mg, and 100 mg doses
Available at Panacea Wellness
and other
dispensar
ies
in Massachusetts

NORWOOD, Mass., Nov. 16, 2020 (GLOBE NEWSWIRE) — Continuing its commitment to innovation in medical cannabis therapies, MariMed Inc. (MRMD:OTCQX) (the “Company” or “MariMed”) announced the product release of “RSO” capsules from the Company’s proprietary cannabis flower and concentrate brand, Nature’s Heritage. The capsules are made with powderized RSO and are available in 5 mg, 25 mg, and 100 mg doses at the Company’s Panacea Wellness dispensary and other dispensaries in Massachusetts.

RSO is a high-THC cannabis oil reported to have positive results for patients managing a variety of medical conditions and their side effects. The RSO name is homage to the Canadian cannabis activist, Rick Simpson, who created the oil to treat his skin cancer after reading a 1975 Journal of the National Cancer Institute study about the efficacy of high doses of THC in cancer treatment. RSO has a thick consistency and is traditionally incorporated into foods or beverages for ingestion or used as a topical directly on affected areas.

“MariMed’s scientists improved upon Rick Simpson’s original process to create Nature’s Heritage’s RSO capsules for medical cannabis patients seeking a more convenient and effective way to ingest RSO,” explained Tim Shaw, chief operating officer at MariMed. “Our powderized capsules make RSO treatments discreet, familiar, and easy to administer. The positive feedback from patients about this simplified dosing has been extremely positive.”

Nature’s Heritage RSO capsules will soon be introduced in Maryland, Delaware, and other states. RSO is also available from Nature’s Heritage in its traditional oil form. To learn more about Nature’s Heritage cannabis flower and concentrates, visit naturesheritagecannabis.com.

About
MariMed

MariMed Inc., a multi-state cannabis operator, is dedicated to improving the health and wellness of people through the use of cannabinoids and cannabis products. The Company develops, owns, and manages seed to sale state-licensed cannabis facilities, which are models of excellence in horticultural principles, cannabis cultivation, cannabis-infused products, and dispensary operations. MariMed has an experienced management team that has produced consistent growth and success for the Company and its managed business units.

The Company is at the forefront of science and innovation. Proprietary formulations created by the Company’s technicians are embedded in its industry-leading products and brands, including Betty’s Eddies™, Nature’s Heritage™, Bourne Baking Co., and Kalm Fusion™. For additional information, visit marimedinc.com.

Important Caution Regarding Forward-Looking Statements:

This release contains certain forward-looking statements and information relating to MariMed Inc. that is based on the beliefs of MariMed Inc.’s management, as well as assumptions made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events, including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company’s services and products, changes in the law and its enforcement and changes in the economic environment. Additional risk factors are included in the Company’s public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “hoped,” “anticipated,” “believed,” “planned, “estimated,” “preparing,” “potential,” “expected,” “looks” or words of a similar nature. The Company does not intend to update these forward-looking statements. None of the content of any of the websites referred to herein (even if a link is provided for your convenience) is incorporated into this release and the Company assumes no responsibility for any of such content.

All trademarks and service marks are the property of their respective owners.

Company Contact

Jon Levine, CFO
MariMed Inc.
Tel (781) 559-8713

Media Contact

Beth Waterfall
MariMed Inc.
[email protected]

Investors

KCSA Strategic Communications
Scott Eckstein / Elizabeth Barker
[email protected]

November 16, 2020 5:33 pm

Onex Completes Majority Investment in OneDigital

One of the Largest Employee Benefits and Retirement Advisors

All amounts
in U.S. dollars
unless otherwise stated

TORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) and its affiliated funds (the “Onex Group”) today announced it has completed a majority investment in OneDigital, a leading U.S. provider of employee benefits insurance brokerage and retirement consulting services. The new equity investment was made by Onex Partners V and certain co-investors. New Mountain Capital, the former majority shareholder, and OneDigital employees have rolled a significant portion of their existing investments into the transaction.

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, senior loan strategies and other private credit strategies; and Gluskin Sheff’s wealth management services including its actively managed public equity and public credit funds. In total, Onex has approximately $36.6 billion of assets under management, of which approximately $6.7 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

The Onex Partners and ONCAP businesses have assets of $36 billion, generate annual revenues of $22 billion and employ approximately 149,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About OneDigital

OneDigital is the leading strategic advisory firm in the U.S. and has consistently led from the front as a workplace ally for 20 years. OneDigital’s unique ability to converge health, wealth and human resources into a hub of services and business guidance has empowered companies to create workplaces that attract and retain talent while fueling innovation and company growth. As employee healthcare, wellness and workplace benefits continue to shift, companies of all sizes have relied on OneDigital’s exceptional advisory teams for counsel and its adjacent services, including employee benefits, holistic HR services, retirement and wealth management, employee wellbeing and pharmacy consulting. Headquartered in Atlanta, OneDigital’s more than 100 offices and 2,000 business strategists serve the needs of over 50,000 employers across the United States.

OneDigital has been named to the Inc. 5000 List of America’s fastest-growing companies every year since 2007, one of only 12 companies to do so. Currently listed as 18th on Business Insurance’s list of 100 Largest U.S. Brokers, OneDigital’s deep analytic abilities and experienced advisors deliver insights that reduce business risk and improve plan design and performance. For more information, visit www.onedigital.com.

Forward-Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information

Jill Homenuk
Managing Director, Shareholder Relations and Communications
Tel: +1 416.362.7711

November 16, 2020 5:31 pm

Lightspeed POS Inc. to Participate in Upcoming Virtual Investor Conferences

PR Newswire

MONTREAL, Nov. 16, 2020 /PRNewswire/ – Lightspeed POS Inc. (“Lightspeed” or the “Company”) (NYSE: LSPD) (TSX: LSPD), a leading provider of omnichannel commerce platforms, today announced its participation in the following technology and growth-oriented investor conferences. Unless noted, listen-only audio webcasts and replays will be accessible at the scheduled presentation times on the Investor Relations website at investors.lightspeedhq.com. Details for each event are as follows (all times listed in ET):

RBC Global TIMT Conference

Date:
Tuesday, November 17, 2020

Time:
4:00pm

J.P. Morgan Ultimate Services Investor Conference

Date:
Thursday, November 19, 2020

Time:
11:10am

Credit Suisse Technology Conference

Date:
Wednesday, December 2, 2020

Time: TBA

Barclays TMT Conference

Date:
Wednesday, December 9, 2020

Time: TBA

About Lightspeed

Lightspeed (NYSE and TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable, and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality, and golf industries. Its product suite enables SMBs to sell across channels, manage operations, engage with consumers, accept payments, and ultimately grow their business.

Headquartered in Montreal, Canada, Lightspeed is trusted by favorite local businesses worldwide, where their communities go to shop and dine. Lightspeed has staff located in Canada, USA, Europe, and Australia.

For more information, please visit: www.lightspeedhq.com

On social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter

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SOURCE Lightspeed POS Inc.