A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Duos Technologies Group Inc () has named Charles Ferry, a defense contracting expert and longtime former US Army service member, as its new CEO, the company said. Ferry brings extensive leadership experience in the energy and defense contracting industries, the company said, and he spent 26 years of active duty service in the US Army. He most recently served as CEO of APR Energy, a global fast-track power company, where he oversaw 800 employees, 17 power plants and $325 million in annual revenue. Ferry replaces founder and Chairman Gianni Arcaini, who will continue to serve on the board of directors.
Esports Entertainment Group Inc () and its partner Allied Esports have announced 14 of the 16 teams from around the world that will compete for €50,000 ($59,000) in prize money in the inaugural Counter Strike: Global Offensive (CS:GO) online tournament beginning Monday. The lineup features the top-ranked CS:GO teams from five countries, including Belarus, Bulgaria, Norway, Romania and Ukraine, and seven teams ranked in the top 50 globally. The remaining two teams will be announced next week. Allied Esports’ VIE.gg CS:GO Legend Series format will include a group stage featuring four groups of four teams competing in best-of-three play, with the top two teams from each group advancing to the playoffs. The four first-round playoff matchups will be best-of-three, while the semifinals and finals will be best-of-five.
() (OTCQB:LMDCF), the education technology company, boosted its second-quarter revenue and profit as educators adapted to virtual learning solutions in the face of the coronavirus pandemic. The Toronto-based company posted revenue of C$977,000 for the three-month period ended June 30, 2020, up from the $895,000 it posted a year prior. Net profit came in at C$624,000, or $0.02 per share, compared to the $431,000, or $0.01 a share, it saw in 2Q 2019. During the latest quarter, Lingo enhanced its online English language learning capabilities with new reporting functionality and an improved chat feature, it told shareholders. The firm also secured two sales contracts in Japan – its first in the country – and sales contracts with two Colombian universities.
Chesapeake Financial Shares Inc (), which operates as the bank holding company for Chesapeake Bank, said its community bank had launched a campaign to support small business owners on Main Street as the coronavirus (COVID-19) pandemic persists in the US. During the health crisis, Chesapeake Bank said it has thrown a “financial lifeline” to existing customers and local small businesses through loan payment deferrals. It has also streamlined access to Paycheck Protection Program (PPP) loans through the US Small Business Administration. “According to the SBA, 99.5% of Virginia’s…
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