Breaks Categories: Stock Spotlights

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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ThursdayApr 20, 2017 12:14 pm

NetworkNewsBreaks – MicroVision, Inc. (NASDAQ: MVIS) Secures $24M Contract for Laser Beam Scanning System by Leading Tech Company

MicroVision (NASDAQ: MVIS) shares are up 16% this morning after the company announced its contract with a major technology company to develop a Laser Beam Scanning (LBS) display system and to produce MicroVision specific components. Per the agreement, the company will develop a new generation of MEMS, ASICs and related firmware for a high resolution, LBS-based product the technology company is planning to produce. MicroVision will receive up to $24 million, including $14 million in fees for development work that is expected to span 21 months and an upfront payment for other items. The development fees would be paid upon…

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ThursdayApr 20, 2017 12:11 pm

NetworkNewsBreaks – Immune Pharmaceuticals, Inc. (NASDAQ: IMNP) Inks LOI with Pint Pharma; Shares Climb

Immune Pharmaceuticals (NASDAQ: IMNP) shares are up more than 48% in late morning trade following news the company has entered into a letter of intent with Pint Pharma GmnH regarding the pursuit of an exclusive license by Pint of the rights to commercialize Ceplene throughout Latin America. The companies anticipate the close of the final agreement will occur within 30 days. Per the final agreement, Pint will carry out the full commercialization of the licensed product in the territory, including Ceplene registration, pricing and reimbursement, and sales and marketing activities. At the time of the final agreement, Pint will also…

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ThursdayApr 20, 2017 12:07 pm

NetworkNewsBreaks – Moxian, Inc. (NASDAQ: MOXC) Launches Updated Apps with Integrated UnionPay Payment Modules

Online-to-offline (O2O) integrated social media platform operator Moxian, Inc. (NASDAQ: MOXC) this morning announced the launch of new versions of its Moxian User App and Business App that feature built-in UnionPay payment modules. This update follows Moxian’s previously announced strategic partnership with Beijing Chinaums, a subsidiary of China UnionPay. “The implementation of UnionPay into our App is a big game changer in our strategy,” James Tan, chairman and CEO of Moxian, noted in this morning’s news release. “Through various methods, we are able to capture both users and merchants by enticing users to spend at merchant stores, which in-turn boost…

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WednesdayApr 19, 2017 11:15 am

NetworkNewsBreaks – Marathon Patent Group, Inc. (NASDAQ: MARA) Prices $2.66M Synchronized Registered Direct Offering and Private Placement

Marathon Patent Group (NASDAQ: MARA) recently entered into definitive agreements with investors for the purchase and sale of 3,800,000 shares of common stock at a price of $0.70 per share in a registered direct offering, as well as warrants to purchase up to 2,280,000 shares of common stock at an effective price of $0.01 per warrant with an exercise price of $0.83 per share in a concurrent private placement. Gross proceeds of the offerings are expected to be approximately $2,660,000 before fees, expenses and placement agent discounts. The company plans to use the net proceeds for working capital and other…

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