Breaks Categories: Stock Spotlights

ThursdayDec 08, 2016 1:56 pm

NetworkNewsBreaks – Majesco Entertainment, Inc. (COOL) to Merge with PolarityTE, Inc.; Shares Higher

Majesco Entertainment, Inc. (NASDAQ: COOL) is trading higher after announcing its merger agreement with PolarityTE, Inc., a new regenerative medicine company focused on developing the first forms of functionally polarized autologous tissues for use in medical procedures requiring reconstructive applications by surgeons and wound care specialists. Per the agreement, PolarityTE will become a wholly owned subsidiary of Majesco and the company will be headquartered in Salt Lake City, Utah, where its biomedical R&D facilities and tissue manufacturing center is being established. Majesco has named Dr. Denver Lough as the CEO and chairman of the board of Majesco, which will be…

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ThursdayDec 08, 2016 1:55 pm

NetworkNewsBreaks – Interpace Diagnostics (IDXG) Shares Soar on Word Aetna (AET) will Cover ThyraMir™ Test

Shares of Interpace Diagnostics Corp. (NASDAQ: IDXG) are up 205% following news that Aetna (NYSE: AET) has agreed to provide coverage of Interpace's ThyraMir™ test, effective immediately. Including Aetna’s 46 million members, ThyGenX™ and ThyraMir thyroid assays are now covered for approximately 200 million patients nationwide. The combination of both tests have been shown to reduce the rate of unnecessary thyroid surgeries in indeterminate cases (not clearly benign or malignant) by offering high predictive value in determining the presence and absence of cancer in thyroid nodules. "The acceptance by Aetna to cover both ThyGenX and ThyraMir is further support of the…

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WednesdayDec 07, 2016 12:56 pm

NetworkNewsBreaks – Kali, Inc. (KALY) Contracted to Develop, Manage $10M Caribbean Marina Development Project; Shares Up

Kali (OTC: KALY) this morning said it was awarded a contract with Harbormaster Development through which Kali will manage the development and ongoing operations of a $10 million Caribbean marina in Puerto Rico. Per the agreement, Kali will receive a management fee of $1 million for the development phase of the project, along with various performance incentives that could lead to more revenue. The agreement also includes an equity participation option for Kali. The overall term of the contract is five years, with the services agreement transitioning to operational management at the end of the development phase. The project is…

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TuesdayDec 06, 2016 2:53 pm

NetworkNewsBreaks – Medical Transcription Billing, Corp.’s (MTBC) Sales Performance shows Progressive Pattern

Medical Transcription Billing (NASDAQ: MTBC) (NASDAQ: MTBCP) has set a pattern of progression, based on its aggressive acquisition strategy, that has successfully grown the company’s quarterly revenue performance. “Even without added momentum, MTBC has been doing great and was pleased to announce earlier in November, yet another quarter-over-quarter revenue growth success (http://nnw.fm/n2OGx), with $5.3 million for Q3, and $15.7 million YTD. Among the key highlights here is a potentially huge and emergent vector in the form of a series of key acquisitions, such as Texas-based medical billing company MediGain (and its New Jersey-based subsidiary), which has opened up vast, untapped…

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TuesdayDec 06, 2016 2:51 pm

NetworkNewsBreaks – Moxian, Inc. (MOXC) takes Social Media Marketing to The Next Level with Moxian+ Business App

Moxian, Inc. (NASDAQ: MOXC) continues to stay ahead of the curve by providing merchants an effective way to market their companies amid the rapidly evolving integration of social media into the business world. “With over three billion people who have access to the Internet, over two billion being active on social media, and just under two billion using social media on the go, it is no wonder that companies such as Moxian, Inc. are capitalizing on this ever growing form of marketing. Moxian, Inc. is in the business of providing merchants with social marketing and promotion platforms that can help them…

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TuesdayDec 06, 2016 1:09 pm

NetworkNewsBreaks – Recon Technology (RCON) Oilfield Wastewater Treatment Device Granted Patent

Recon Technology, Ltd. (NASDAQ: RCON) is trading higher this morning on news that it has been granted a patent by China's State Intellectual Property Office for its proprietary Oilfield Wastewater Treatment Device. The company has developed the Oilfield Wastewater Treatment Device to improve the effectiveness of water treatment and to reduce infrastructure investment and operating costs for oil companies. The patented device can separate the sewage sludge and oil pollution from crude oil while also producing water that is qualified for other oil-company projects. The company said it is also applying for several other patents designed to facilitate removal of…

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TuesdayDec 06, 2016 1:07 pm

NetworkNewsBreaks – MJP International (MJPI) Shares Skyrocket on Energy Alliance Labs Acquisition

Shares of MJP International (OTC: MJPI) are up nearly 90% on word that the company has acquired 80% of the issued shares of Human Energy Alliance Laboratories Corp. ("HEAL") through its wholly-owned subsidiary, Energy Alliance Labs, Inc. MJP has appointed Liao Zu Guo as CEO and CFO of the newly-acquired asset, which offers a variety of green energy solutions including wind and solar installations that it markets and sells online for both commercial and residential customers. "We are very pleased with this acquisition which we will use as a stepping stone into the green energy market which is growing at…

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MondayDec 05, 2016 4:02 pm

NetworkNewsBreaks – Avid (AVID) Names New Chief Financial Officer

Avid® (NASDAQ: AVID) this morning named Brian E. Agle as its newly-appointed senior vice president and chief financial officer, effective December 12, 2016. Agle will oversee the global finance and accounting organization, as well as the corporate development and investor relations functions. “Brian is a seasoned financial executive with extensive experience leading global financial organizations in technology and software businesses with a history of leading and completing business transformations, and a strong discipline in cost and cash management… His experience in enterprise software and recurring revenue models such as SaaS business models makes him an ideal fit as Avid increasingly shifts…

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FridayDec 02, 2016 1:53 pm

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Trades Higher on Acquisition of International Paper Contracts

Sugarmade (OTC: SGMD) shares are up 34% after announcing its acquisition of international paper contracts from the Vietnamese company Bao Coc International Paper and Plastics Ltd. Per the agreement, Sugarmade will assume contracts for international paper products bound for delivery into the U.S. in exchange for five million restricted shares, issued to Bao Coc. Sugarmade said it anticipates this acquisition to boost its annual revenue production by approximately $500,000 to $600,000. Sugarmade expects the asset acquisition to close this month. "These contracts are important not only relating to the revenue boost we will receive, but also relating to cost reductions…

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ThursdayDec 01, 2016 3:31 pm

NetworkNewsBreaks – Mymetics (MYMX) Shares Skyrocket on Agreement with Sanofi for Flu Vaccines Research Project

Shares of Mymetics (OTCQB: MYMX) are up more than 400% after the company announced an agreement between its Mymetics B.V. subsidiary and Sanofi Pasteur, the vaccine division of Sanofi (NYSE: SNY). The two companies will start a research project to investigate the immunogenicity of influenza vaccines based on Mymetics' proprietary virosome technology platform in pre-clinical settings. Mymetics said the successful completion of this project could result in an additional, more extensive collaboration with Sanofi in the future. To view the full press release, visit: http://nnw.fm/Guk0W About Mymetics Mymetics Corp. (OTCQB: MYMX) is a Swiss-based biotechnology company, with a Research Lab…

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