Breaks Categories: Stock Spotlights

WednesdayApr 26, 2017 12:03 pm

NetworkNewsBreaks – Lightwave Logic, Inc. (LWLG) Achieves Bandwidth Suitable for 25Gbps in Modulator Prototype

Shares of Lightwave Logic (OTCQB: LWLG) are up 5% in mid-day trade following the company’s news that it has achieved bandwidth suitable for 25Gbps data rates in an all-organic polymer ridge waveguide intensity modulator prototype, representing a significant improvement over its initial 10Gbps device modulator. The Mach-Zehnder design allows Lightwave to address 100Gbps using its polymer photonics integrated circuit technology platform. "We expect that the 25Gbps device will generate significant industry attention as we squarely address powerful, cost-effective miniaturized solutions for both today's 100Gbps, and future 400Gbps higher performance markets," Lightwave CEO Tom Zelibor stated in the news release. To…

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TuesdayApr 25, 2017 4:04 pm

NetworkNewsBreaks – Player’s Network, Inc. (PNTV) Issues Update on WeedTV.com, Plans to Launch Beta

In a recent letter to shareholders, Player's Network (OTCQB: PNTV) issued an update on its WeedTV.com platform. The platform has been internally tested and the company said it expects it to have a beta launch in the near future. WeedTV.com will enable any business in the medicinal marijuana industry to create a personalized media network online. In the letter, the company explains that revenue will be generated through licensing of the software that creates and controls each of these personalized media networks. To date, the company has received an estimated $450,000 in product sponsorships from companies who have signed with…

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TuesdayApr 25, 2017 1:01 pm

NetworkNewsBreaks – Galectin Therapeutics, Inc. (NASDAQ: GALT) Receives Decision to Grant From Japanese Patent Office for GR-MD-02 Composition of Matter Patent

Galectin Therapeutics (NASDAQ: GALT) this morning said it has received a decision from the Japanese Patent Office to grant its patent application for "Composition of Novel Carbohydrate Drug for Treatment of Human Diseases." Upon issuance, the patent will expand coverage of the company's lead compound, GR-MD-02, to Japan through 2032. "The allowance of these claims in Japan further strengthens the protection of the intellectual property behind our proprietary compound, GR-MD-02. This is especially important in Japan, which was recently declared the second most attractive drug market in the world," Galectin CEO and chief medical officer Peter G. Traber, M.D. stated…

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TuesdayApr 25, 2017 11:45 am

NetworkNewsBreaks – Intellipharmaceutics International, Inc. (NASDAQ: IPCI) Leveraging Hypermatrix™ Technology to Address Key Pharmaceutical Markets

Intellipharmaceutics International, Inc. (NASDAQ: IPCI) is engaged in the research, development and commercialization of controlled-release and targeted pharmaceutical products. Leveraging its proprietary Hypermatrix™ technology, the company is focused on addressing two key niche markets, including difficult-to-produce controlled-release generic drugs (ANDA regulatory pathway) and improved current therapies through controlled-release (NDA regulatory pathway). Intellipharmaceutics' lead product is a generic of Focalin XR®, a mild central nervous system stimulant used to treat attention deficit hyperactivity disorder. This product is currently marketed in a variety of strengths by the company’s U.S. marketing partner, Par Pharmaceutical, Inc. Intellipharmaceutics’ development pipeline also includes its Rexista™ product…

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MondayApr 24, 2017 12:29 pm

NetworkNewsBreaks – Torchlight Energy Resources, Inc. (NASDAQ: TRCH) Completes Vertical Test in Midland Basin Well

Torchlight Energy Resources (NASDAQ: TRCH) this morning said it has tested the Flying B Ranch #2 vertical well in the Lower Wolfcamp A and Upper Wolfcamp B sections, providing confirmation for the second horizontal bench in the Hazel Project. “This vertical test was a very important and successful milestone for Torchlight and its partners. This test validates our theory that commercial production of oil and gas from horizontal development in multiple stacked pay zones across different areas of our lease is achievable. As we approach the Leonard we are hopeful to prove up the potential of a third bench in…

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MondayApr 24, 2017 10:43 am

NetworkNewsBreaks – RGS Energy (NASDAQ: RGSE) Rallies on Business Update, Sales Strategy

Shares of RGS Energy (NASDAQ: RGSE) are up more than 30% in morning trade after the solar company provided a business update following its presentation at the 29th Annual Roth Conference last month. RGS Energy noted its first-quarter sales increase of 194%, expected strength in the residential solar market, and how its growth strategy differs from larger peers. “I feel good about the progress we are making since we presented our strategy for top line revenue growth at the Roth conference. Our vision remains to grow top line revenue by growing the size of our sales organizations, and supporting them…

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MondayApr 24, 2017 9:42 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Reports 95% YOY Revenue Growth for Quarter Ended February 28, 2017

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning offered investors an update on its financial and business achievements for the fiscal third quarter ended February 28, 2017, as well as its outlook for the remainder of the current fiscal year and 2018. Among the highlights, the company reported significantly higher revenues for both the three- and nine-month periods ended February 28, 2017, as compared to the same periods of fiscal 2016, with operating revenues up 95 percent and 109 percent, respectively. Notably, CIIX has made significant progress toward expanding its presence in the rapidly-growing legal hemp industry in recent…

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FridayApr 21, 2017 12:54 pm

NetworkNewsBreaks – Intersections, Inc. (NASDAQ: INTX) Completes New $20M Debt Refinancing with PEAK6 Investments

Intersections (NASDAQ: INTX) has successfully completed a new $20 million term loan financing with PEAK6 Investments, L.P. The new credit agreement extends the maturity date to April 20, 2021, and reduces and defers mandatory quarterly principal payments of $1.2 million to commence on September 30, 2019. The new agreement also carries a lower interest rate. The company used approximately $13.9 million of the proceeds to repay its prior credit agreement and related interest and expenses. The company intends to use the remaining proceeds toward subscriber acquisition and product development. Additionally, PEAK6 purchased a warrant to purchase 1.5 million shares of…

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FridayApr 21, 2017 12:00 pm

NetworkNewsBreaks – Orion Energy Systems (NASDAQ: OESX) Awarded $1.9M LED Lighting Retrofit Projects for Two U.S. Naval Bases

Shares of Orion Energy (NASDAQ: OESX) are nudging higher after the company said it has secured $1.9 million in new contracts with the U.S. Navy to retrofit two naval bases with Orion’s newest LED lighting systems compliant with the U.S. “Buy American Act” and “Trade Agreements Act.” The installations are currently in process and are expected to be complete by November 2017. “We are very proud to serve our country and to build upon our 15-year relationship serving the lighting retrofit needs of the U.S. Navy. The Orion team delivers the best in performance, energy efficiency, quality, ease of installation…

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FridayApr 21, 2017 11:58 am

NetworkNewsBreaks – Rennova Health, Inc. (NASDAQ: RNVA) Issues Update on Opening of Big South Fork Medical Center; Shares Surge

Shares of Rennova Health (NASDAQ: RNVA) are up 21% after the company said the Centers for Medicare and Medicaid Services (CMS) has concluded its review of the application requesting enrollment in the Medicare program as a hospital. The application was submitted by the company’s subsidiary, Big South Fork Medical Center (legal name: Scott Community Hospital, Inc.). CMS has confirmed that it has issued a recommendation for approval to the Tennessee State Agency and the CMS Regional Office. Approval will allow the hospital to open for business. It is on track to partially open during the second quarter of 2017 and…

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