Breaks Categories: News

WednesdayApr 05, 2017 10:38 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Adds Apple Pay Support in Russia

Mobile payment technology company Net Element, Inc. (NASDAQ: NETE), through its PayOnline subsidiary, this morning announced the launch of Apple Pay support for its Russian markets. “As the shift to mobile payments continues, PayOnline delivers the necessary support and tools merchants need to make payments a seamless part of online and mobile purchases,” Marat Abasaliev, head of online solutions for PayOnline, stated in the news release. “By delivering support to merchants that use Apple Pay, PayOnline demonstrates its ability to meet the growing demand for secure, convenient and quick transactions.” According to data from Apple, the global number of Apple…

Continue Reading

WednesdayApr 05, 2017 10:11 am

NetworkNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Announces Sale of Brilliant Hallmark Stake

India Globalization Capital, Inc. (NYSE MKT: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced the sale of its investment interest in Brilliant Hallmark for a consideration of four million shares of IGC. The shares, which were previously issued to Brilliant Hallmark on August 4, 2016, will be returned and retired, while the Brilliant Hallmark investment will be removed from the company's balance sheet with an associated reduction of roughly $1.88 million. Per this morning’s update, IGC does not expect to record a gain or loss from this transaction. “This strategic move is…

Continue Reading

TuesdayApr 04, 2017 3:50 pm

NetworkNewsBreaks – InMed Pharmaceuticals, Inc. (IMLFF) Takes Aim at Rare Skin Diseases with INM-750

Epidermolysis bullosa (EBS) is a group of rare inherited skin diseases that unfortunately have no currently approved or known cure or treatment. InMed Pharmaceuticals, Inc. (OTCQB: IMLFF) has developed INM-750 as the first therapy to specifically treat EBS. “Earlier this month, InMed filed an international Patent Cooperation Treaty application for intellectual and commercial protection of INM-750 and a cannabinoid-based therapy for EBS. This marks a significant milestone for the company, serving as validation for its efforts to develop new therapies based on cannabinoids and its unique approach to drug development. The company is using a proprietary bioinformatics assessment tool to…

Continue Reading

TuesdayApr 04, 2017 3:48 pm

NetworkNewsBreaks – ContraVir Pharmaceuticals, Inc. (NASDAQ: CTRV) Results from New Studies Match Previous Findings, CRV431 Targets Hepatitis B Surface Antigen (HBsAg)

ContraVir Pharmaceuticals (NASDAQ: CTRV) this morning released results from new studies that provide insight into the mechanism of action (MOA) of its hepatitis B virus CRV431. The new studies show that CRV431 potently blocks the interaction between hepatitis B surface antigen (HBsAg), a key HBV protein, and cyclophilin A, an important cellular protein. The new information could explain previous findings that the drug reduces HBsAg. High levels of HBsAg in HBV-infected patients is a predictor for progression of disease, including liver fibrosis, cirrhosis, and cancer. “Our finding that CRV431 targets hepatitis B surface antigen is promising because reducing or eradicating…

Continue Reading

TuesdayApr 04, 2017 9:42 am

NetworkNewsBreaks – Bollente Companies, Inc. (BOLC) Announces Selection of trutankless® as Exclusive Water Heating Solution of Cullum Homes

Bollente Companies, Inc. (OTCQB: BOLC) this morning announced that its innovative trutankless® line of smart electric tankless water heaters has been selected as the exclusive water heating solution for luxury communities constructed by award-winning Arizona home builder Cullum Homes. “trutankless is the only whole-home water heating solution I recommend,” Rod Cullum, owner and founder of Cullum Homes, stated in the news release. “I have used trutankless for years in my own home, where my family and I enjoy reliable, endless hot water. It only makes sense that I would offer the same quality and energy-efficient technology in the homes I…

Continue Reading

MondayApr 03, 2017 1:37 pm

NetworkNewsBreaks – MTBC (NASDAQ: MTBC) Launches Accountable Care Organization Analytics Module

MTBC (NASDAQ: MTBC) this morning announced the launch of its most recent addition to its business intelligence and analytics platform, the accountable care organization (ACO) analytics module. This launch marks MTBC's continued growth into larger groups and new practice settings. The company's clinical and practice management solutions are currently leveraged by thousands of healthcare practices throughout the country. "We remain committed to providing healthcare organizations with the tools they need to optimize health outcomes and achieve better financial results, and this most recent addition to our ecosystem of business intelligence and analytics tools is another example of our commitment in…

Continue Reading

MondayApr 03, 2017 11:50 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Reports FY2016 Financial Results

Mobile payment technology company Net Element, Inc. (NASDAQ: NETE) recently issued a news release reporting its financial results for the fiscal year ended December 31, 2016. Among the highlights, Net Element’s total U.S. dollar volume processed for the 12-month period was up roughly 40 percent year-over-year to $2.45 billion. Likewise, the company’s revenue total of $54.3 million marked an increase of 35 percent from the previous year. “I am pleased to say that 2016 was a successful year for Net Element,” Oleg Firer, CEO of Net Element, stated in the news release. “Our achievements provided growth, and positioned us for…

Continue Reading

MondayApr 03, 2017 10:43 am

NetworkNewsBreaks – DryShips Inc. (NASDAQ: DRYS) Shares Fall on Common Stock Purchase Agreement With Kalani Investments, Acquisition of Six Vessels

DryShips (NASDAQ: DRYS) shares are down 16% this morning following word the company will sell up to $226.4 million of its common stock to Kalani Investments Ltd. over a period of 24 months. In consideration for entering into the agreement, the company has agreed to issue up to $1.5 million of its common stock to Kalani as a commitment fee. Proceeds from any sales of common stock will be used for general corporate purposes. DryShips also entered into agreements to acquire six vessels for a total gross price of $268 million. These vessels are comprised of one Aframax tanker, three…

Continue Reading

MondayApr 03, 2017 10:41 am

NetworkNewsBreaks – eXp World Holdings, Inc. (EXPI) Reports 137% Revenue Growth for Full Year 2016

eXp World Holdings, Inc. (OTCQB: EXPI), holding company for the Agent-Owned Cloud Brokerage®, this morning reported its financial results for the fourth quarter and full year ended December 31, 2016. Among the highlights, the company recorded a 137 percent year-over-year increase in revenues for the 12-month period, as well as a 397 percent increase in adjusted EBITDA to $1.6 million. EXPI found similar success in promoting the growth of eXp Realty, achieving a 178 percent increase in the number of agent and brokers on the platform during 2016. On March 15, 2017, eXp Realty’s total number of agents and brokers…

Continue Reading

FridayMar 31, 2017 11:46 am

NetworkNewsBreaks – Medical Transcription Billing, Corp. (NASDAQ: MTBC) Releases Financial Results for Full Year, Fourth Quarter of 2016

Health care information technology company Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this morning reported its financial results for both the full year and fourth quarter of 2016. Among the highlights, the company reported revenue of $8.8 million for the three-month period, representing a hefty year-over-year increase of 65 percent. “We are pleased to announce 65% revenue growth over the fourth quarter of 2015 as well as 65% growth over the third quarter of 2016, and our third consecutive quarter of quarter-over-quarter revenue growth,” Mahmud Haq, chairman and CEO of MTBC, stated in the news release. “We are greatly encouraged…

Continue Reading