Breaks Categories: News

TuesdayJan 23, 2018 11:51 am

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Pushes for Negotiations Related to LendingClub Offer

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) this morning issued a news release urging LendingClub Corporation (NYSE: LC) to enter negotiations related to the former’s tender offer to acquire approximately 4.99 percent of LendingClub’s outstanding shares. The offer, which is scheduled to expire on Thursday, February 22, 2018, comes as IEGH has identified what it believes to be “major risks and problems” with LendingClub’s business model and management strategy. IEGH believes that by altering this model to a balance sheet lender model, LendingClub would be able to generate significantly higher margins, provide substantially higher long duration cash flow, build…

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TuesdayJan 23, 2018 10:52 am

NetworkNewsBreaks – Medical Innovation Holdings, Inc. (MIHI) Turns Attention toward Blockchain Technology

Medical Innovation Holdings, Inc. (OTC: MIHI) this morning announced that its future development efforts will include blockchain technology. Per the update, the company’s recently announced endeavor into the Health Care Sharing Organizations (“HCSO”) marketplace will be blockchain-centric in an effort to promote more efficient movement of secure data and lower transactional costs. MIHI intends to release an initial version of this platform to support its own internal operations before migrating the application to allow third-party sharing organizations to utilize the technology under a transaction fee arrangement. “We are at a beginning of a technological trend that will revolutionize how we…

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TuesdayJan 23, 2018 10:06 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Bitcoin Beyond

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its entry into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using their existing web-enabled point-of-sale devices. Per the update, the acquisition, priced at $1 million all stock, is expected to provide SinglePoint with a full end-to-end purchasing experience that supplies merchants and bitcoin users with unprecedented capabilities. “We are thrilled with this opportunity,” Wil Ralston, president of SinglePoint, stated in the news release. “Acquiring Bitcoin Beyond put us ahead of what we believe merchants have access…

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TuesdayJan 23, 2018 9:42 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Appoints New Vice President of Business Development

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced its appointment of Randall W. Keller as its new vice president of business development. Keller brings more than 35 years of global experience in the energy industry to the MGX team. Per the update, Keller will work alongside former California Senate Majority Leader Richard Polanco to target geothermal lithium exploration in California and other western states that MGX has identified for potential partnerships and acquisition targets. “We welcome Randy Keller to the MGX team and look forward to utilizing his deep industry experience…

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MondayJan 22, 2018 11:32 am

NetworkNewsBreaks – Teewinot Life Sciences Corporation Awarded Broad US Patent

Cannabinoid-based pharmaceuticals company Teewinot Life Sciences Corporation this morning announced that it has been granted U.S. Patent No. 9,861,609. Per the update, the newly-issued patent has broad claims to biosynthetic methods for the pharmaceutical manufacture of cannabinoids and cannabinoid analogs. “With the grant of the '609 patent, Teewinot has now secured six U.S. patents covering processes for the manufacture of naturally-occurring cannabinoids, cannabinoid prodrugs and analogs using both biocatalysis and synthetic biology,” Dr. Richard Peet, Teewinot’s executive vice president and co-inventor of the new patent, stated in the news release. “Teewinot has filed patent applications in key countries around the…

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MondayJan 22, 2018 10:25 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Nearing Launch of Official Audit

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that the official initiation of its formal audit will likely commence in early February, with filing of the company’s Form 10-K expected sometime in March. Per the update, Global Payout’s progress toward this milestone signifies that it has made great strides in developing a strong base from which to build competitive subsidiaries in several key market sectors. “Over the years the core strategy of Global Payout has shifted significantly, from our inception as a prepaid card company to the present goals of incorporating cloud banking features into several key…

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MondayJan 22, 2018 9:54 am

NetworkNewsBreaks – Tapinator, Inc. (TAPM) to Announce First Blockchain Product at ETH Denver Conference

Mobile games developer and publisher Tapinator, Inc. (OTCQB: TAPM) this morning announced that it is sponsoring and will speak on a panel at ETH Denver, a leading blockchain conference taking place on February 17. The panel will focus on the intersection of blockchain and gaming, and Tapinator plans to use the platform to announce its first blockchain product, which is set for release in the second quarter of 2018 by subsidiary Revolution Blockchain. “We are very excited to attend and present at one of the industry's top blockchain conferences,” Ilya Nikolayev, CEO of Tapinator, stated in the news release. “We…

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MondayJan 22, 2018 9:27 am

NetworkNewsBreaks – MGX Minerals Inc.’s (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) JV Partner Completes Initial Drilling on Northeast Dyke at Case Lake

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has completed initial drilling and intersected lithium mineralization on the Northeast Dyke at the Case Lake Property in Ontario. Per the update, the winter 2018 program is currently in its early stages, and the presence of up to 30 percent coarse grained spodumene has been identified in several of the first few holes. With these promising results, Power Metals has increased its current drill program from 2,000 meters to 3,000 meters. The Northeast Dyke is…

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ThursdayJan 18, 2018 3:25 pm

NetworkNewsBreaks – EVIO, Inc. (EVIO) Highlights Financial Results for Year Ended September 30, 2017

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 financial and operating results for the fiscal year ended September 30, 2017. The company’s revenue for the 12-month period was roughly $3 million, marking a year-over-year increase of 438 percent. Per the update, the majority of this growth came from increased testing revenue, which was up 782 percent over the previous year. “2017 has been a pivotal year for EVIO, especially as we continued to scale the company to meet the industry's increased…

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ThursdayJan 18, 2018 3:06 pm

NetworkNewsBreaks – SPAR Group, Inc. (NASDAQ: SGRP) Expands Domestic Business through Acquisition

SPAR Group (NASDAQ: SGRP) recently moved to expand its domestic business through the acquisition of a 51% interest in Resource Plus, Inc., a provider of professional fixture installation and product merchandising services; a 51% interest in Mobex of North Florida, Inc., a retail fixture mobilization system manufacturer; and a 51% interest in Leasex, LLC, a company formed to lease Mobex’s proprietary equipment. Resource Plus CEO Richard Justus will continue to run the operations of the newly acquired assets, which will function as a subsidiary of SPAR Group following the close of the acquisition. The news, released last Thursday, sent shares…

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