NetworkNewsBreaks

FridayFeb 03, 2017 9:19 am

NetworkNewsBreaks – Social Realty, Inc. (NASDAQ: SRAX) Appoints Derek Ferguson to Board of Directors

Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced the appointment of Derek J. Ferguson to its board of directors, effective January 19, 2017. Ferguson will also serve as a member of the company’s Audit Committee moving forward. In total, Ferguson brings more than 13 years of experience as a principle investor in private credit and equity investments to the Social Reality team, notably having worked with Victory Park Capital Advisors, LLC, from February 2012 through July 2016. CEO Christopher Miglino noted this experience, as well as Ferguson’s familiarity with Social Reality, in this morning’s news release. “While…

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ThursdayFeb 02, 2017 12:27 pm

NetworkNewsBreaks – Check-Cap (NASDAQ: CHEK) Advances toward Regulatory Approval of Colonoscopy Alternative, C-Scan®

Check-Cap (NASDAQ: CHEK) is a clinical-stage medical diagnostics company engaged in the development of an ingestible imaging capsule that utilizes low-dose X-rays for the screening of precancerous polyps and cancer. The company’s C-Scan® system provides an alternative to the current Colorectal Cancer (CRC) screenings, such as a colonoscopy, to help increase screening rates. Unlike a colonoscopy, Check-Cap’s system doesn’t require a bowel prep, which is a huge selling point for at-risk patients. Check-Cap recently enrolled the first patient in its multi-center study of the C-Scan® system in support of its plans to submit for a CE Mark in the first…

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ThursdayFeb 02, 2017 12:24 pm

NetworkNewsBreaks – NV5 Global, Inc. (NASDAQ: NVEE) Surpasses Revenue Goals; Secures over $10M in Contracts

NV5 Global (NASDAQ: NVEE) kicked-off 2017 with news that it had surpassed its goal to enter into the New Year with $300 million in annual revenues. The company intends to reach $600 million in annual revenues by 2020, and it was recently awarded over $10 million in contracts with U.S. airports. In addition to a $5 million contract with Dallas Fort Worth International Airport to provide retro commissioning, infrastructure asset condition assessment and other services to modernize the airport's asset portfolio over five years, NV5 was awarded a $5.4 million contract to provide quality assurance testing services at Fort Lauderdale…

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ThursdayFeb 02, 2017 12:21 pm

NetworkNewsBreaks – Propanc Health Group Corp. (PPCH) Continues to Advance Pipeline of Anti-Cancer Products

Propanc (OTCQB: PPCH) is a development-stage health care company working to advance its pipeline of new and proprietary treatments for cancer patients suffering from solid tumors toward clinical trials. The company recently issued an update on the progress of additional pending patent applications, noting that it had received a written opinion from the International Search Authority regarding a recent Patent Cooperation Treaty application filed in Australia. The majority of claims in the written opinion were considered novel and inventive, as determined by the authorized officer from the Australian Patent Office. The company’s patent application in Spain, titled "Cancer Treatment," was…

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ThursdayFeb 02, 2017 12:18 pm

NetworkNewsBreaks – Sunworks, Inc. (NASDAQ: SUNW) Shares Nudge Higher on Patent for 3D Solar Cell Technology

Sunworks (NASDAQ: SUNW) is trading higher following word that the solar company was granted a patent for its 3D solar cell technology. Issued by the Chinese Patent Office, the patent is titled 'Three-Dimensional Power Systems and Methods of Making Same'. According to the news release, the patented cell collects sunlight from wider angles and causes light to bounce within its 3-dimensional microstructure. The process continues until the cell is fully absorbed, thereby maximizing the rate of conversion from sunlight to electricity. Sunworks also recently entered into a partnership with Ecoark Holdings (OTCQX: EARK), a technology company that develops supply chain…

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ThursdayFeb 02, 2017 10:49 am

NetworkNewsBreaks – Vanguard Natural Resources (NASDAQ: VNR) Files for Chapter 11 Protection; Shares Tumble

Vanguard Natural Resources (NASDAQ: VNR) shares dropped more than 60% in early trade after the company announced it has voluntarily filed petitions for Chapter 11 bankruptcy.  In addition, the company has entered into a Restructuring Support Agreement with certain consenting holders of the company's 7.875% Senior Notes due 2020, 8 3/8% Senior Notes due 2019 and 7.0% Senior Secured Second Lien Notes due 2023. Vanguard said it intends to use this agreement to eliminate approximately $708 million in debt under its reserve-based credit facility and senior unsecured debt. "We continue to believe in the quality of our asset base and…

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ThursdayFeb 02, 2017 10:46 am

NetworkNewsBreaks – xG Technology, Inc. (NASDAQ: XGTI) Shares Surge on Acquisition of Vislink Communication Systems

Shares of xG Technology (NASDAQ: XGTI) are higher 23% in morning trade following news that the wireless solutions provider has completed its acquisition of Vislink Communication Systems, assuming full ownership of the business. The previously announced acquisition was a $16 million binding asset purchase agreement and was paid for with $6.5 million in cash and a $9.5 million promissory note. xG said it intends to use a combination of new debt and internal funding to pay the promissory note off. To view the full press release, visit: http://nnw.fm/sVyO3 About xG Technology, Inc. xG Technology is a provider of wireless video…

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WednesdayFeb 01, 2017 2:15 pm

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Set to Introduce New Point-of-Sale Program During 2017 Launch Series

Global payment technology provider Net Element, Inc. (NASDAQ: NETE), through subsidiary Unified Payments, this morning announced plans to introduce a new point-of-sale program during its impending 2017 Launch Series. The first stop of the Launch Series is set to take place at the annual Northeast Acquirers Association (NEAA) conference, which is currently underway in Boston, Massachusetts. Per the company’s news release, Unified Payments’ new point-of-sale platform will allow “SMBs to benefit from the latest technologies with no upfront investment, and gain access to competitive analytical tools, historically available to only large national merchants.” According to Grand View Research, mobile point-of-sale…

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WednesdayFeb 01, 2017 1:36 pm

NetworkNewsBreaks – NAPCO Security Technologies, Inc. (NASDAQ: NSSC) Responds to Changing Security Demands, Successfully Grows Top and Bottom Lines

NAPCO Security Technologies (NASDAQ: NSSC), a worldwide manufacturer of various security products, is developing advanced technologies for intrusion, fire, video, wireless, access control and door locking systems for commercial, industrial, institutional, residential and government application. Founded in 1969, the company has a track record of evolution on pace with the changing market for security solutions. Taking advantage of the growing demand for connected home products and alarm systems compatible with 3G cellular networks, NAPCO has launched several new products designed to provide recurring revenue streams and further solidify the company’s position in the broader security market. The company has consistently…

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WednesdayFeb 01, 2017 1:34 pm

NetworkNewsBreaks – Westell Technologies, Inc. (NASDAQ: WSTL) Targets Industry Poised for $486M; “Future-proof” PS71090 Slated for Release Q1 2017

Since its founding in 1980, Westell Technologies (NASDAQ: WSTL) has expanded and acclimated to the evolving, high-performance wireless infrastructure solutions industry, offering today’s most technologically advanced in-building wireless, intelligent site management, cell site optimization and outside plant solutions. In November, the company announced the newest member of its in-building wireless coverage solutions portfolio, PS71090 Signal Booster. The “future-proof” solution was designed to meet the strict requirements of the National Fire Alarm Code NFPA 72 standards, as well as the anticipated First Responder Network Authority (FirstNet) requirements. The PS71090 is expected to be generally available in the first quarter of 2017,…

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