September 2016 - Page 4 of 10

TuesdaySep 20, 2016 3:03 pm

Mattress Firm Holding Corp. (MFRM) Acquired by Steinhoff International Holdings N.V.

Mattress Firm Holding Corp. (NASDAQ: MFRM), the nation’s largest mattress retailer, recently announced the completion of its acquisition by South Africa-based Steinhoff International Holdings N.V. Steinhoff paid $64 per share in cash for Mattress Firm, which represented a premium of 115 percent over the company’s closing stock price of $29.75 on August 5, 2016. The acquisition became effective on September 16. Moving forward, Mattress Firm will operate as a subsidiary of Steinhoff. The mattress retailer’s existing management team, led by Steve Stagner, the company’s executive chairman, and Ken Murphy, president and CEO, will remain in place in order to run…

TuesdaySep 20, 2016 1:42 pm

NetworkNewsBreak: LM Funding America, Inc. (LMFA) Capitalizing on Growing U.S. Debt Collection Industry

According to data from the U.S. Federal Reserve Board (http://nnw.fm/dPEg3), roughly $3.66 trillion in consumer credit was outstanding in the United States as of July 2016. About 90 percent of these accounts are expected to be repaid pursuant to the terms of the contractual agreement, according to DBA International (http://nnw.fm/I4pf2). The remaining 10 percent, however, serve as the foundation for the massive debt collection industry, which returned approximately $44.6 billion to creditors in 2010, according to PricewaterhouseCoopers. One company operating in this lucrative industry is LM Funding America, Inc. (NASDAQ: LMFA), a specialty financing company that offers funding to nonprofit…

TuesdaySep 20, 2016 12:26 pm

Net Element, Inc. (NETE) Records Strong Transaction Volume Growth through First Seven Months of 2016

Earlier today, Net Element, Inc. (NASDAQ: NETE) announced its transaction processing volume for the first seven months of 2016, as compared to the same period from a year ago. Notably, the company recorded a 77 percent year-over-year increase in total dollars processed (discounting the effects of foreign currency exchange) to $1,025.8 million for the period. A significant portion of this rise was attributed to Net Element’s online solutions, which saw an increase of 90 percent from 2015 to $305 million. Likewise, volume from mobile solutions rose 84 percent to $23.4 million. Oleg Firer, chief executive officer of Net Element, commented…

TuesdaySep 20, 2016 9:08 am

Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (LB6A.F) Receives Second Report from Fundamental Research Corp.

Fundamental Research Corp. (FRC), a company in the business of providing quality equity research coverage since 2003, recently released its second report on Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (LB6A.F), a rapidly growing multi-level marketing (MLM) company focused on the sale of functional, hemp-based beverages. FRC released its first report on May 5, 2016, giving Laguna a BUY rating and fair value estimate of $0.45 per share. According to the original report, the company’s shares were expected to range from $0.30 to $1.06, depending on the number of affiliates LAGBF generates by 2020. Since this initial coverage, Laguna’s share…

MondaySep 19, 2016 1:35 pm

Moxian, Inc. (MOXC) Helping Millennials Communicate with Businesses through Social Media Marketing

An impressive 90% of young adults aged 18 to 29 use social media, with a third of them saying that it is their preferred means of communication with businesses. 70% have an account on at least one social media platform, 52% use two or more social media sites, and the average social media user maintains five accounts, all according to Business2Community.com (http://nnw.fm/95uFT). Statistics continue to show the development and projected growth of social media as a marketing tool. Although return on investment (ROI) is still hard to measure today, 80% of marketers use “vanity metrics” such as “likes” and “shares”…

MondaySep 19, 2016 1:11 pm

Lifetime Brands (LCUT) Completes Acquisition of Focus Products Group’s Kitchen Division

Lifetime Brands, Inc. (NASDAQ: LCUT) recently announced the acquisition of Focus Products Group’s Kitchen Division. The division, which includes a range of kitchenware products under the Amco Houseworks®, Chicago™ Metallic and Swing-A-Way® brands, meets Lifetime’s criteria for acquisition candidates, which include famous brands, blue-chip customers, and a premium position within the marketplace. In a recent news release, Jeffrey Siegel, chairman and CEO of Lifetime Brands, stated, “We are excited to expand our portfolio of brands with three distinguished names that complement our market-leading kitchenware and bakeware businesses. These three brands fit perfectly into our platform and we have the resources…

MondaySep 19, 2016 12:47 pm

Cemtrex, Inc. (CETX) Doubles Down On Air Pollution Control Market as Paris Agreement Nears Ratification

With China ratifying the historic Paris Agreement ahead of the G-20 summit earlier this month alongside the U.S. (http://nnw.fm/a04ES) (which on their own make up 69 percent of the required amount to bring the pact into force), the UN’s climate body chief is now suggesting (http://nnw.fm/cOu7U) that the Paris Agreement could go into force before the close of 2016. Brazil just ratified, too, bringing the total global emissions coverage up to just 16 percent shy of the requisite amount. For one of the leading developers of customized electronics, emission monitors, environmental controls, filtration systems, and other industrial process instrumentation, Cemtrex…

MondaySep 19, 2016 10:11 am

Singlepoint, Inc. (SING) Offers Update on Uplisting Plans

Late last week, Singlepoint, Inc. (OTC: SING) CEO Greg Lambrecht was featured in an interview on MoneyTV with Donald Baillargeon, during which he discussed the company’s progress toward uplisting to the OTCQB Venture Market. After describing Singlepoint as on “the five-yard line, ready to punch it in,” Lambrecht added that the company planned to give an update on its progress toward the filing of its Form 10 with the FCC within the next week. Before the opening bell, Singlepoint did just that, offering prospective shareholders an update on the company’s corporate audit and uplisting plans. This morning’s news release included…

MondaySep 19, 2016 9:14 am

Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (LB6A.F) Game Changing Cannaceuticals Skin Care Product Line Launches via Affiliate Network

Described as a game-changing product line unlike any other available on the market, Laguna Blends, Inc.’s (CSE: LAG) (OTC: LAGBF) (LB6A.F) Cannaceuticals Skin Care Anti-Aging Collection finally launched on Thursday, September 15, being available only through the company’s affiliate network to existing members, as well as to any newcomers who want to join or simply resell these innovative products. It is the first skincare product line to use anti-aging cannabidiol (CBD). Consisting of seven main products, the CBD7 Complete Anti-Aging Collection offers next-generation skincare innovation for women and men alike, being superior to any other products on the market, according…

FridaySep 16, 2016 2:32 pm

OpenText Corp. (OTEX) to Buy Dell EMC Enterprise Content Division for $1.62 Billion

Leading enterprise information management (EIM) software provider OpenText Corporation (NASDAQ: OTEX) on Monday, September 12, announced that it has signed a definitive agreement for the acquisition of the Enterprise Content Division (ECD) of multinational corporation Dell EMC. Under the agreement, the Canadian information technology corporation will pay $1.6 billion for the content division, with the transaction expected to close within the next 90 to 120 days. Once the acquisition process is complete, all of the employees, software and associated services of Dell EMC’s ECD will be integrated into OpenText. The acquisition will include EMC’s Documentum™, a well-known enterprise content management…

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Month: September 2016