NetworkNewsBreaks

TuesdayJul 31, 2018 1:37 pm

NetworkNewsBreaks – Accelerated Technologies Holding Corp. (ATHC) Issues Business Update, Files Second Quarter Financial Results

Full-service end-to-end business solution and technology company Accelerated Technologies Holding Corp. (OTC: ATHC) this morning announced the filing of its second quarter financial results and provided a business update. In particular, the company highlighted actions within its portfolio of subsidiaries aimed at advancing it toward revenue generation. Notably, ATHC expanded its Intelagy subsidiary during the second quarter and launched subscription-based merchant services designed to help small- and mid-sized businesses alleviate payment processing fees. “We are pleased to inform shareholders that we are ahead of schedule in regard to executing our merchant servicing strategy and look forward to begin generating revenue…

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TuesdayJul 31, 2018 1:33 pm

NetworkNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Posts Update on Scorpion Venom-Derived Peptide Program

PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) today issued an update regarding the second phase of its three phase, scorpion venom-derived peptide research and development program. The program consists of identifying, extracting and sequencing peptides and proteins isolated from Caribbean Blue Scorpion venom. The goal of the program is to empower PreveCeutical to produce Nature Identical™ peptide therapeutics to treat, regulate and prevent cancer progression. The company’s initial focus will target glioblastoma, a highly-aggressive form of brain cancer. PreveCeutical has started phase 2 of the program, comprised of re-designing the peptides to enhance their biostability while upholding their potency…

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TuesdayJul 31, 2018 12:59 pm

NetworkNewsBreaks – Pure Capital Ltd. Increases Ownership Stake in Medigus Ltd. (NASDAQ: MDGS), Calls for Dismissal of Internal Board Members

Privately owned investment company Pure Capital Ltd. this morning announced that it has completed the acquisition of 217,696 ADRs of Medigus Ltd. (NASDAQ: MDGS), increasing its ownership stake in the medical device company to more than five percent. Following the acquisition and in accordance with Israeli regulations, Pure Capital sent a letter to Medigus’ CEO, chairman and directors calling for an immediate general assembly meeting of MDGS shareholders, as well as the dismissal of its internal board members. According to the Israeli GCL, the meeting must take place no later than 21 business days from the date of the letter…

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TuesdayJul 31, 2018 12:47 pm

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Acquires $2.7M Cash Flow Assets

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that through its Unified Payments subsidiary, it has acquired cash flow assets totaling $2.7 million via certain transactional services portfolio from Universal Payment Systems (“UPS”). The acquired assets are anticipated to produce more than $5 million in gross profits over the next four years, with continued profits generated subsequently. “The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our…

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TuesdayJul 31, 2018 12:04 pm

NetworkNewsBreaks – GreenBox POS, LLC (GRBX) to Showcase Technology in Three-part Series on Fox Business Network

GreenBox POS (OTCQB: GRBX), an innovative hardware and software technology company, today announced that it will be appearing in a three-part series set to broadcast on Fox Business Network in September or October. Executive team members will be interviewed, and part of the filming will take place at the company’s headquarters in San Diego, showcasing the newest hardware and software products available. "We are honored to be asked to participate in this production special. Each airing will give us 5-6 minutes on camera enough time to have a very significant audience become aware of our company, our brands, our technology,…

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TuesdayJul 31, 2018 11:35 am

NetworkNewsBreaks – Hammer Fiber Optics Holdings Corp. (HMMR) Renews LOI to Acquire 1stPoint Communications, Endstream Communications and Open Data Centers

Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) d/b/a Hammer Communications, a telecommunications company investing in the future of wireless technology, this morning announced the renewal of its Letter of Intent (“LOI”) to acquire 1stPoint Communications, Endstream Communications and Open Data Centers. Currently, Hammer provides DOCSIS over wireless triple play services to subscribers in Atlantic County. With the addition of these assets, the company will be able to deploy the technology in other markets around the US and internationally. "These acquisitions will be transformative, and will take Hammer to the next level," Hammer Fiber Optics Holdings founder Mark Stogdill stated in…

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TuesdayJul 31, 2018 11:23 am

NetworkNewsBreaks – Sharing Services, Inc. (SHRV) Reports Sales of $8.3M Since December 2017 Launch of Elevacity

Diversified holding company Sharing Services, Inc. (OTC: SHRV) this morning announced that it has filed its 10K with the SEC for the year ended April 30, 2018. Per the update, the company has recorded sales of $8.3 million since launching its products on December 13, 2017. “Since our wholly owned subsidiary Elepreneur launched our incredible health and wellness division of Elevacity products late last year, sales have increased dramatically and continue to grow,” John “JT” Thatch, CEO of Sharing Services, stated in the news release. “We continue working on several support and operational functions to expand the company and are…

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TuesdayJul 31, 2018 11:06 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) and Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) Issue Update on CBD Farming Project in Scio, Oregon

Marijuana Company of America (OTC: MCOA) and its joint venture (“JV”) partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) provided an update this morning on their CBD hemp farming project in Scio, Oregon. The 2018 hemp cultivation at the farm, operating under the name Covered Bridge Acres (“CBA”), is ongoing. Approximately 40,000 high CBD yielding hemp plants have been planted on the lower two fields of the farm, on approximately 33 acres. Six different high CBD yielding hemp cultivars were planted this year, half of which were planted as clones and the other half were grown from…

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TuesdayJul 31, 2018 10:30 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Welcomes Stormy Simon as Strategy Officer and Board Member

Global Payout, Inc. (OTC: GOHE) this morning announced that it has appointed Stormy Simon as its new strategy officer and board member. Per the update, Simon spent 15 years with e-commerce giant Overstock.com (NASDAQ: OSTK) prior to joining Global Payout, guiding the company through the early stages of its development as it emerged as a nationally recognized e-commerce leader. In July 2016, she made the decision to part ways with Overstock.com to begin exploration into the emerging cannabis market. “After a couple years of self-education within the cannabis industry, including the ancillary businesses that are emerging to support it, I…

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TuesdayJul 31, 2018 10:28 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Enters Definitive Agreement to Acquire Canna Farms Ltd.

Globally licensed cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its entrance into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited, a premium cannabis company in British Columbia. The acquisition enables the two complementary businesses to leverage their strengths prior to the opening of the Canadian adult-use market in the fall. The transaction value of approximately $133 million will be comprised of $22 million in cash and 92.5 million ABcann shares. The shares will be released from escrow in six month increments over a total of 30…

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