Breaks Categories: News

MondayAug 14, 2017 5:28 pm

NetworkNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Q2 Revenues Increase on Strength in North America Transaction Solutions Segment

Net Element (NASDAQ: NETE) after market close reported its second-quarter results for the three months ended June 30, 2017, along with an update on corporate initiatives. The global financial technology company reported net revenues of $16.1 million, an increase of 18% compared to the comparable quarter of 2016, largely driven by growth in its North America Transaction Solutions and Online Solutions Segments. Noted highlights for the second quarter include the launch of its PayOnline platform, the roll-out of a number of payment solutions, and a key partnership in Europe. "We are pleased with our continued growth. Our results are a…

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MondayAug 14, 2017 1:53 pm

NetworkNewsBreaks – Tempus Applied Solutions (TMPS) Enters Deal to Acquire Ex-Royal Air Force AAR Aircrafts

Shares of Tempus Applied Solutions (OTCQB: TMPS) are up 10.8% mid-day after the company this morning said that it has entered into a definitive purchase agreement for the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the United Kingdom. Four of the acquired aircrafts are configured for air-to-air refueling (AAR) operations, while the other two are designed for passenger and cargo operations only. Inspections of the aircraft, associated log books and support equipment will take place before the closing of the acquisition. The company expects to issue the seller approximately 6,730,769 common…

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MondayAug 14, 2017 1:51 pm

NetworkNewsBreaks – Biocept, Inc. (NASDAQ: BIOC) Inks Exclusive Distribution Agreement with VWR

Shares of Biocept (NASDAQ: BIOC) are ticking higher following news that the company has signed an exclusive global distribution agreement for its proprietary blood collection tubes (BCTs), excluding China, with VWR International, LLC. The company’s commercial launch of BCTs is anticipated to commence in the second half of 2017. "We are very proud to be working with VWR, for the distribution of our proprietary liquid biopsy collection tubes. Entering into the global market with a scaled offering for liquid biopsy is the first step toward growing from an exclusive CLIA lab business to a technology and products company. The development…

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MondayAug 14, 2017 9:31 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Executes Licensing Agreement with Cagney Global Logistics

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it has finalized and fully executed a licensing agreement with Cagney Global Logistics for the exclusive white labeling and implementation of the Global Reserve Platform. The new platform will be integrated into Cagney’s existing delivery and payment component, the Final Mile solution, in order to enhance its Fortune 500 customer web sales. “Our technical team has been diligently working to address the specific needs and requests that have been presented to us by Cagney,” William Rochfort, president of Global Payout, stated in the news release. “In this time,…

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MondayAug 14, 2017 9:08 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Launches Cryptocurrency Education and Trading Subscription Service

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced the launch of its cryptocurrency education and trading subscription service on Chinesefn.com. The new subscription service will cover news and provide analysis regarding all aspects of the emerging digital currency world, including industry trends, price movement and sector related stocks. “Cryptocurrencies like bitcoin have become a global phenomenon,” Warren Wang, founder and CEO of CIIX, stated in the news release. “Since January 2015, the price of Bitcoin has increased 500% from $200 to $1,000 in January 2017, and just spiked to a record high over $4,000 as US-North Korea tensions…

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FridayAug 11, 2017 12:33 pm

NetworkNewsBreaks – Tecnoglass, Inc. (NASDAQ: TGLS) Posts Q2 Results, Lowers FY Guidance; Shares at New 52-Week Low

Shares of Tecnoglass (NASDAQ: TGLS) reached a new 52-week low after the company reported second-quarter results, lowered its full-year 2017 outlook, and announced a 12% increase in its quarterly dividend to $0.14 for Q3. The manufacturer of architectural glass, windows and aluminum products reported total revenues of $81.0 million, an increase of 1.5% over the prior-year period. Adjusted net loss for the quarter was $2.6 million, or $0.08 per diluted share, compared to $9.3 million, or $0.28 per share. Tecnoglass now expects full-year revenues in the range of $320 million-$330 million compared to previous guidance of $360 million-$390 million. More…

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FridayAug 11, 2017 9:58 am

NetworkNewsBreaks – DryShips, Inc. (NASDAQ: DRYS) Soars on Private Placement, Canceled Deal with Kalani Investments

Coming off an earlier trading halt, shares of DryShips (NASDAQ: DRYS) are up 84% following news the company will sell its common shares to entities affiliated with its chairman and CEO, George Economou, for aggregate consideration of $100 million at a price of $2.75 per share. The board's  Audit Committee also approved a subsequent rights offering that would allow DryShips shareholders to purchase their pro rata portion of up to $100 million of the Company's common shares at a price of $2.75 per share. The Rights Offering will be backstopped in full by Sierra Investments Inc., an entity affiliated with…

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FridayAug 11, 2017 9:24 am

NetworkNewsBreaks – EnteroMedics, Inc. (NASDAQ: ETRM) Prices $20M Public Offering

EnteroMedics (NASDAQ:ETRM), a developer of minimally invasive medical devices for the treatment of obesity, metabolic diseases and other gastrointestinal disorders, this morning priced its underwritten public offering of 20,000 units at a price to the public of $1,000 per unit. The gross proceeds to EnteroMedics is expected to be $20 million. A total of 20,000 shares of preferred stock convertible into 8.7 million shares of common stock, and warrants to purchase 8.7 million shares of common stock will be issued in the offering. The closing of the offering is expected to take place on or about August 16, 2017. To…

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ThursdayAug 10, 2017 2:58 pm

NetworkNewsBreaks – Invictus MD Strategies Corp. (OTC: IVITF) (TSX-V: IMH) Provides Update on Harvesting

Invictus MD Strategies Corp. (OTC: IVITF) (TSX-V: IMH) today announced the completion of its wholly owned subsidiary’s first two harvests earlier this month. Both harvests exceeded expectations and two more harvests are expected the first week of September. Additionally, the company reported that the 27,800 sq. ft. production facility currently under construction is scheduled for completion by the end of January 2018. The additional space is projected to increase production by 800%. Dan Kriznic, Chairman & CEO, Invictus MD, commented, "Invictus MD is well capitalized for expansion with approximately $28.5 million in cash and is prepared for an exciting year of…

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ThursdayAug 10, 2017 9:53 am

NetworkNewsBreaks – Arcadia Biosciences, Inc. (NASDAQ: RKDA) and Bioceres’ Joint Venture Receives Completed Safety Review by FDA

Arcadia Biosciences (NASDAQ: RKDA) before the bell said its joint venture with Bioceres S.A., Verdeca, has received notification that the FDA has completed its full review of the company’s safety evaluation for HB4 soybeans. This permits Verdeca products derived from HB4 soybeans to be used commercially in human food and animal feed. Additionally, completion of the FDA’s review marks a key regulatory achievement in the approval process for Verdeca’s HB4 drought stress tolerance trait. The company has submitted an environmental safety data petition to the U.S. Department of Agriculture (USDA) which is currently under review. The USDA is expected to…

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