Breaks Categories: News

WednesdayFeb 07, 2018 10:48 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage…

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WednesdayFeb 07, 2018 10:44 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Launches New Multi-channel Payments Platform, Netevia

Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning launched Netevia, the company’s newest multi-channel payments platform. Netevia provides end-to-end payment processing through user friendly APIs. This new offering complements Net Element’s capacity to perform in a multi-channel environment and will enable the company to perform in blockchain technology solutions. Additionally, Netevia will provide same business-day settlement and funding for merchants. “We put together all the building blocks needed for developers and merchants to integrate payments into their everyday commerce. The Netevia platform delivers a blueprint and easy to use tools for global commerce and monetization, saving…

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WednesdayFeb 07, 2018 10:23 am

NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRA: 6F6) (WKN: A2AKL8) to Acquire Stake in Payment Processing Company PayVida

Shares of Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) are up 21.5% after the company this morning said it will acquire 31.35% of all issued and outstanding shares of PayVida Solutions Inc. for $1,900,000 CAD, subject to all requisite regulatory approvals. PayVida, an emerging payment processing company, will soon be launching its global payment facilitator platform that enables merchants to receive same day funding of daily credit and debit card transactions on PayVida’s branded MasterCard®. Per the terms of the agreement, the purchase price will be completed through cash installments of $1,250,000 until paid in full…

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WednesdayFeb 07, 2018 10:06 am

NetworkNewsBreaks – Greenkraft, Inc. (GKIT) Positioned to Benefit from Implementation of Carl Moyer Program

Greenkraft, Inc. (OTCQB: GKIT), a nationally recognized player in the alternative fuel engine and vehicle market, this morning announced that several fleet operators are expected to apply for funding from the California Carl Moyer Program in order to replace their existing vehicles with Greenkraft vehicles. Per the update, the Carl Moyer Program, which is expected to go into effect in March, is an incentive program aimed at allowing fleet operators to replace older trucks. The program offers incentives ranging from $10,000 to $60,000 per new truck, depending on the class. Greenkraft offers trucks ranging from class four to class seven,…

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WednesdayFeb 07, 2018 9:36 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Subsidiary Receives Notice of Publication for Metal-Air Fuel Cell Patent

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its wholly-owned subsidiary, ZincNyx Energy Solutions, Inc., has received notice of publication for its patent describing metal-air fuel cells under the Patent Cooperation Treaty. Per the update, the patent application has now entered the national phase, and numerous international jurisdictions have been designated for filing. Key technical features of the patent include an apparatus for encouraging the settling of metal-air particles in the electrolyte (anode) chamber of a fuel cell, a serpentine arrangement for flowing electrolyte through the anode chamber of the…

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TuesdayFeb 06, 2018 3:28 pm

NetworkNewsBreaks – CymaBay Therapeutics, Inc. (NASDAQ: CBAY) Closes $144M Public Offering

CymaBay Therapeutics, Inc. (NASDAQ: CBAY) recently announced the closing of a public offering of 13.34 million shares, including the sale of additional 1,740,000 shares of common stock pursuant to the full exercise of the over-allotment option granted to the underwriters. The common stock public offering was part of a bid to fund the ongoing development of its drug Seladelpar, a treatment for autoimmune liver disease, primary biliary cholangitis (“PBC”) and nonalcoholic steatohepatitis (“NASH”). The company sold the shares at an offering price of $10.80 per share resulting in the gross proceeds of approximately $144 million prior to underwriting discounts and…

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TuesdayFeb 06, 2018 10:55 am

NetworkNewsBreaks – ORHub, Inc. (ORHB) Secures Additional $3.2M to Expand Marketplace Reach

Advanced medical software company ORHub, Inc. (OTC: ORHB) this morning announced that it has successfully raised an additional $3.2 million to further the company’s reach into the marketplace with its revolutionary healthcare IT Vertical Specific Software, a groundbreaking platform aiming to deliver real-time, case-based surgical data analytics. The announcement comes on the heels of ORHub’s recent warrant program, completed in late 2017, which yielded $3.8 million in working capital. All told, ORHub has now raised more than $7 million in funding over the past 60 days. “We are very pleased with having the resources and capability to harness and propel…

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TuesdayFeb 06, 2018 10:22 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Enters Sales Partnership Agreement with Eyeconic.tv

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has executed a sales partnership and commission agreement with award-winning retail technology company Eyeconic.tv, operator of the Eyechronic cannabis media network that has successfully partnered with almost 300 medical and retail dispensaries throughout the U.S. Per the terms of the agreement, MTRAC will effectively incorporate Eyeconic.tv’s retail technology products and in-store media services in an effort to better reach customers of the multibillion dollar cannabis industry. “Establishing this sales partnership with Eyeconic.tv is an incredibly effective way to deliver more…

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TuesdayFeb 06, 2018 9:31 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Uplists to OTCQB Venture Market

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that it is now trading on the OTCQB Venture Market, which requires a higher level of transparency and helps provide increased investor confidence through continued verification of information. “We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value.” Per the…

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MondayFeb 05, 2018 12:04 pm

NetworkNewsBreaks – Q Biomed Inc. (QBIO) Closes $5.48M Public Offering

Q BioMed (OTCQB: QBIO) recently announced the closing of its public offering of 1,711,875 units at a public offering price of $3.20 per unit for gross proceeds of $5.48 million. Each unit consists of one common share and one warrant. Roth Capital Partners acted as lead placement agent and CIM Securities acted as co-lead placement agent for the offering. The company intends to use the proceeds from the offering toward the launch of its non-opioid FDA approved Strontium Chloride 89 USP Injection (SR89) as well as toward the initiation of various pivotal clinical programs in 2018. "This capital sets up…

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