NetworkNewsBreaks

FridayMay 18, 2018 9:40 am

NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) Shareholders Vote to Approve Acquisition by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)

Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) shareholders have overwhelmingly approved the previously announced acquisition by First Cobalt. Per the update, US Cobalt shareholders, warrant holders and option holders voted 99.87 percent in favor of the transaction, with 35.92 percent of eligible votes cast. “On behalf of the Board and management, I look forward to welcoming our new US Cobalt shareholders,” Paul Matysek, chairman of First Cobalt, stated in the news release. “Our vision is to create the largest North American pure-play exploration and…

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FridayMay 18, 2018 9:24 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) President Discusses Recent Supreme Court Ruling in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint President Wil Ralston discussed the Supreme Court’s recent sports gambling decision and how the ruling will benefit the company. “It's a phenomenal thing for SinglePoint because we've been in this for two years,” Ralston stated in the interview. “Now that we're actually able to go out and let these companies that we were working with really start signing up users again and really get…

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ThursdayMay 17, 2018 3:32 pm

NetworkNewsBreaks – Kraig Biocraft Laboratories, Inc. (KBLB) Subsidiary Advances Spider Silk Commercialization Program

Kraig Biocraft Laboratories (OTCQB: KBLB), a developer of spider silk-based fibers, recently provided an update on the progress towards the commercialization of spider silk technology following the company’s announcement of the formation of its Vietnamese subsidiary, Prodigy Textiles Co,. Ltd. Prodigy represents the company’s main production arm for spider silk technologies. “Momentum at Prodigy is growing and we’re focused on the exciting milestones ahead,” Kraig Biocraft COO Jon Rice stated in the news release. “We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running. We are now taking concrete…

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ThursdayMay 17, 2018 2:33 pm

NetworkNewsBreaks – Why Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) is “One to Watch”

Lithium Chile (TSX.V: LITH) (OTC: LTMCF) operates in Chile’s mining friendly jurisdiction which provides a clear, streamlined permitting process, enabling the company to leverage low-cost production into shareholder value. A recent article discussing the company reads: “Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF), headquartered in Canada, is advancing one of the largest lithium-rich exploration portfolios in Chile consisting of more than 148,000 hectares covering sections of 13 salars or mineral salt flats and one laguna complex. The company’s wholly owned premier properties include 66 square kilometers on the Salar de Atacama, Chile’s largest mineral salt flat which hosts the world’s…

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ThursdayMay 17, 2018 2:23 pm

NetworkNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Subsidiary Enables Real-Time Cryptocurrency Payments via NetoBit Cash

Virtual Crypto Technologies (OTCQB: VRCP), through wholly-owned Israeli subsidiary Virtual Crypto Technologies Ltd., has launched NetoBit Cash. The tablet device enables video game suppliers and other businesses to securely buy, sell or convert bitcoin and other cryptocurrencies in real time. A recent article discussing the company reads: “NetoBit Cash enables gaming suppliers to meet that challenge, permitting users to buy or sell cryptocurrencies quickly, shortening the confirmation and validation timeframe to just seconds, as compared to today’s 20-minute to 24-hour range. This faster execution lowers the risk of fraud while reducing the complexity of the online purchase experience. … The…

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ThursdayMay 17, 2018 1:22 pm

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Acquires State-Licensed Hemp Company

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) today announced that it has acquired SpeedyGrow, a Wyoming corporation with licenses to grow and process hemp in the state of Colorado. SpeedyGrow focuses primarily on the extraction of full spectrum CBD. Per the update, REFG has also acquired SpeedyVeg, a proprietary, organic soil nutrient with specific benefit to growing healthy plants and maximizing yield. “We weren’t initially anticipating entering this space,” Jeremy Roberts, CEO of REFG, stated in the news release. “But after careful consideration, the opportunity to expand our footprint in the state-sanctioned cannabis space was too good…

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ThursdayMay 17, 2018 11:32 am

NetworkNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Shareholders Approve Proposed Forward Stock Split

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that during its annual general and special meeting of shareholders on May 14, 2018, the proposed forward stock split of PreveCeutical's issued and outstanding common shares on the basis of five new common shares for each one existing common share was approved by the company’s shareholders. Subject to approval by the Canadian Securities Exchange, the record date for the stock split will be May 24, 2018. On or about May 30, 2018, the company's transfer agent will issue the additional number of common shares to…

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ThursdayMay 17, 2018 11:16 am

NetworkNewsBreaks – Hammer Fiber Optics Holdings Corp. (HMMR) and 1stPoint Communications Announce Launch of Mobile Network Services Provider Program

Hammer Fiber Optics Holdings Corp. (d/b/a Hammer Communications) (OTCQB: HMMR), a telecommunications company investing in the future of wireless technology, this morning announced the launch of a Mobile Network Services Provider program in tandem with 1stPoint Communications. Per the update, Hammer will assist wireless Internet service providers and cable operators in second and third tier markets, increasing their subscriber base quickly. Using patented AIR technology, Hammer can provide high-speed wireless triple play service, using the DOCSIS and pre-5G standards, to residential communities and small businesses. “This is the beginning of the transformation of Hammer Communications,” Mark Stogdill, founder of Hammer,…

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ThursdayMay 17, 2018 11:02 am

NetworkNewsBreaks – Emmis Communications Corp. (NASDAQ: EMMS) Posts Fiscal Q4, Full-Year Financial Results

Emmis Communications (NASDAQ: EMMS) recently reported results for its fourth fiscal quarter and full-year ending February 28, 2018. Among other highlights, the company reported radio net revenues for the fourth fiscal quarter of $28.4 million, a decrease of 16% from $34.0 million in the prior year. The company also reported full year radio revenues of $142.9 million compared to $165.1 million in the prior year, demonstrating a decrease of 13%. Including the net proceeds from the company’s recently-finalized sale of its St. Louis radio stations, Emmis has less than $20 million of net credit facility debt outstanding. "In the last…

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ThursdayMay 17, 2018 10:22 am

NetworkNewsBreaks – EVIO, Inc. (EVIO) Posts Fiscal Q2 2018 Financial Results

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently announced financial and operating results for the quarter and six months ended March 31, 2018. Among other highlights, the company reported revenue for the second quarter of $732,311, a decrease of $56,415 or 12.1% from the second quarter last year. Revenue from the six months ending March 31, 2018, however, was $1,679,176, an increase of $177,997 or 11.9% from the same period in 2017. "EVIO's second quarter focused greatly on broadening the company's portfolio. With our recent private placement of $5.973…

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