Breaks Categories: News

TuesdayJan 30, 2018 9:51 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Development of Next Generation Energy Storage System

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), through wholly-owned subsidiary ZincNyx Energy Solutions, Inc., this morning announced its commencement of the development of a scaled-up 20kW mass storage system for use in utility-scale battery storage. Per the update, the 20kW/160kWh modules represent a 4x increase in both energy and power as compared to ZincNyx’s current 5kW systems, all while boasting benefits such as lower costs, higher energy density and the ability to serve broader market segments. With the expanded range of the next generation system, ZincNyx is effectively addressing the need for long…

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MondayJan 29, 2018 3:40 pm

NetworkNewsBreaks – West Corporation to Acquire Nasdaq’s Public Relations Solutions and Digital Media Services Divisions

Technology-enabled communication services company West Corporation (“West”) this morning announced its entry into a definitive agreement with Nasdaq, Inc. (NASDAQ: NDAQ) by which West has agreed to acquire the public relations and webcasting and webhosting products and services within Nasdaq’s Corporate Solutions business. Per the update, the acquisition is valued at approximately $335 million, subject to necessary adjustments. “West is a leader in technology-enabled communication services and is focused on growth and expanding the depth and breadth of its enterprise communications client relationships,” John Shlonsky, CEO of West, stated in the news release. “This acquisition will complement and broaden our…

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MondayJan 29, 2018 11:03 am

NetworkNewsBreaks – Stemline Therapeutics, Inc. (NASDAQ: STML) Successfully Closes Public Offering Totaling $59.6M

Stemline Therapeutics (NASDAQ: STML) recently announced the closing of an underwritten public offering of 4,255,000 shares of its common stock, which includes the sale of an additional 555,000 shares of common stock pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $14.00 per share, bringing the company’s total gross proceeds to $59,570,000 before deducting underwriting discounts, commissions and other offering expenses. Stemline intends to use the net proceeds from this offering for clinical development, regulatory, manufacturing and potentially commercial activities regarding its clinical candidates as well as other…

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MondayJan 29, 2018 9:45 am

NetworkNewsBreaks – EVIO, Inc. (EVIO) Appoints New Vice President of Operations

EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning announced its appointment of Ron Russak as its new vice president of operations. Per the update, Russak joins EVIO from a 17-year career at Quest Diagnostics where, as regional director, he had operational responsibility for 529 patient service centers and 228 inter-office phlebotomy sites throughout the western United States. “After an exhaustive search, we knew immediately that Ron was the right fit for EVIO,” Lori Glauser, co-founder and COO of EVIO, stated in the news…

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MondayJan 29, 2018 9:15 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Enters JV Agreement with Integrated Compliance Solutions, LLC

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced the completion of a joint venture partnership agreement with Integrated Compliance Solutions, LLC (“ICS”), a premier ‘Seed to Bank™’ provider of financial and regulatory compliance services and solutions for the retail cannabis industry. Per the update, MTRAC views the establishment of this JV partnership as a critical opportunity to fortify the compliance aspects of the banking solutions that are currently being co-developed by MTRAC and its strategic partners. “The importance of compliance in an industry that is so heavily regulated like retail…

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FridayJan 26, 2018 1:00 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses New National Ad Campaign in Interview on MoneyTV

Specialized holding company SinglePoint, Inc. (OTC: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht and the company’s spokesman Kevin Harrington, an original Shark Tank member, announced a new national ad campaign. The new ad will demonstrate to viewers how to download coins to their virtual wallet. The company’s innovative platform offers its users a compatible wallet to store any type of cryptocurrency. Singlepoint expects to launch the ad campaign in the first…

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ThursdayJan 25, 2018 3:55 pm

NetworkNewsBreaks – Choom Holdings, Inc. (CSE: CHOO) (OTCQB: CHOOF) Debuts Concept of Retail Dispensary; Engages Design Team

Canadian cannabis cultivation company, Choom™ (CSE: CHOO) (OTCQB: CHOOF), recently confirmed that is has embarked on an innovative retail dispensary strategy by releasing its concept of a new retail store design. The company remains focused on engaging recreational and lifestyle brands in the legal cannabis market, and intends to be a major player reaching Canadian cannabis consumers. Choom’s retail dispensary strategy aims to exploit the burgeoning market sector in areas of Canada that permit the private distribution of recreational cannabis through developing a chain of branded retail cannabis dispensaries. In an effort to remain a step ahead of the competition,…

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ThursdayJan 25, 2018 10:36 am

NetworkNewsBreaks – Cache Elite Inc. (ILUS) Announces Launch of TripWitz Connections

Forward-thinking technology and service provider Cache Elite Inc. (OTC: ILUS) this morning announced that it has deployed its travel agent host program, TripWitz Connections, through TripWitzConnection.com. “TripWitz will now make its proprietary software and supplier contracts available to the Independent Travel Agent working from home,” Derrick McWilliams, CEO of Cache Elite, stated in the news release. “These experienced agents will also be able to expand their business by the ability to accept Bitcoin as a new payment method for vacations. It also bodes well for planned projects that will deliver good quality content in a decentralized and compelling manner.” To view…

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ThursdayJan 25, 2018 10:13 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Enters Agreement with Pemex

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 its entry into an agreement with Pemex, the Mexican state-owned petroleum company and one of the world’s top petroleum producers. On December 1, 2017, Pemex made headlines by becoming the first petroleum company to accept cryptocurrency as a form of payment. Per the update, Pemex is optimistic that it can benefit from the adoption and integration of a blockchain technology platform to efficiently manage and implement the chain of supply of oil and gas, falling…

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ThursdayJan 25, 2018 9:47 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Exercises Option to Expand Ownership Stake in PurLucid Treatment Solutions

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it is exercising its option to acquire an additional five percent ownership stake in engineering partner PurLucid Treatment Solutions. The PurLucid shares, purchased from existing shareholders, will be acquired in exchange for one million MGX shares. Following the phase IV investment agreement share option exercise, MGX’s ownership in PurLucid will total 51 percent, and the company maintains the right to acquire 100 percent of PurLucid through successive future investments. Since announcing an acquisition and engineering partnership agreement in September 2016, MGX and…

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