NetworkNewsBreaks

FridaySep 30, 2016 12:43 pm

Active Power (ACPW) Signs Asset Purchase Agreement with Langley Holdings PLC

Active Power (NASDAQ: ACPW) has signed an Asset Purchase Agreement (APA) with Langley Holdings PLC in which Langley will acquire the assets and operations of the flywheel energy storage products and modular infrastructure solutions (MIS) manufacturer. Langley is a UK-based, privately owned engineering and industrial group with principal operating divisions located in Germany and France and more than 80 subsidiaries worldwide. The addition of Active Power’s flywheel UPS technology to its portfolio is expected to strengthen Langley’s market position and create more compelling alternatives to traditional UPS offerings for mission critical applications.” Langley says it plans to keep Active Power’s…

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FridaySep 30, 2016 12:41 pm

Moxian, Inc. (MOXC) Strategies Create Precision Marketing Opportunities

Shenzhen, China-based Moxian, Inc. (OTCQB: MOXC) provides social marketing and promotion platforms designed to help merchants accelerate and advertise their business growth via social media. With a particular focus on Asian markets, Moxian offers two primary core products: Moxian+ User App and Moxian+ Business App. Leveraging big data and social media strategies, the company’s solutions encourage regular interactions between merchants and consumers. Its technology also monitors and tracks user activities and behavior on the platform to provide merchants precision marketing capabilities. For more on the story, visit: http://nnw.fm/2w1dB About Moxian Moxian engages in the business of providing social marketing and…

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ThursdaySep 29, 2016 1:11 pm

iGambit, Inc. (IGMB) Actively Advancing M&A Strategy

iGambit (OTCQB: IGMB) is a diversified holding company primarily focused on the acquisition of early-stage technology firms with strong growth potential. One of iGambit’s most recent acquisitions is ArcMail, a provider of simple, secure and cost-effective email and enterprise archiving and management solutions. Since being acquired by iGambit, ArcMail Technology has been named one of CIOReview’s “20 Most Promising Enterprise Security Companies” of 2016, which is an annual list showcasing the most promising Enterprise Security Companies. In addition to this, the subsidiary was selected as one of the 50 most innovative companies to watch in 2016 by The Silicon Review.…

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ThursdaySep 29, 2016 1:09 pm

SinglePoint, Inc. (SING) Actively Advancing M&A Strategy

SinglePoint, Inc. (OTC: SING) is a full-service mobile technology and marketing provider executing its strategy to become a fully reporting corporation and uplist to the OTCQB® Venture Market Place. As recently announced, this achievement will position the company with better financing options, greater liquidity and investor awareness. The move also correlates with SinglePoint’s M&A strategy. The company recently entered into the daily fantasy sports (DFS) industry with minority acquisitions in two major DFS companies: GoDraft and DraftFury. One of the fastest growing industries at the moment, the DFS market brings together millions of people spending an average of $550+ every…

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ThursdaySep 29, 2016 1:05 pm

eXp World Holding, Inc.’s (EXPI) Cloud-based Office Environment Sharpens Competitive Edge

eXp World Holdings, Inc. (OTCQB: EXPI) is a prime example of how technology is playing an increasingly vital role in the competitive real estate industry. eXp Realty, the company’s real estate division, is a fully agent-owned cloud brokerage using technology to maintain a competitive charge. At the beginning of 2016, 43% of real estate agencies said they expected competition from non-traditional firms, and a survey by the National Association of Realtors (NAR) (http://nnw.fm/j29lB) found that 46% of agencies believe the competition from virtual firms is increasing, compared to 17% of agencies expecting competition from brick and mortar firms. Leveraging the…

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ThursdaySep 29, 2016 1:03 pm

Cellectar Biosciences (CLRB) Reports Positive Data from Phase 1 Orphan Drug Study, Moves to Dose Escalation

Oncology-focused biotech Cellectar Biosciences (NASDAQ: CLRB) reports an “outstanding safety profile” from the second cohort of patients enrolled in its orphan-drug designated phase I study of CLR 131 in patients with relapsed or refractory multiple myeloma. Based on these positive results, the study’s Data Monitoring Committee approved patient enrollment to the third cohort, which will include a 33% dose increase from the previous cohort. In the multi-center, open label phase I dose escalation study, CLR 131 is administered as a single dose, 30-minute infusion. The primary study objective is to characterize the safety and tolerability of CLR 131 in patients…

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WednesdaySep 28, 2016 1:37 pm

Staffing 360 Solutions, Inc. (STAF) Reaffirms Fiscal Q1 Revenue, announces Record Adjusted EBITDA

Staffing 360 Solutions (NASDAQ: STAF) this morning reported its unaudited financial results for the fiscal Q1 ended August 31, 2016, including record revenue and adjusted EBITDA levels. For fiscal Q1 2017, the company expects revenue of $47 million, a 30% increase over $36 million in Q1 2016; gross profit of $8.4 million, a 33% increase over $6.3 million in Q1 2016; net loss of $1.3 million, a 23% improvement compared to $1.7 million in Q1 2016; and adjusted EBITDA of $1.7 million, a 180% increase over $0.6 million in Q1 2016. Staffing 360 expects to announce its financial results for…

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WednesdaySep 28, 2016 1:36 pm

Mikros Systems (MKRS) announces First Commercial Production Order for its Florida Manufacturing and Depot Center

Mikros Systems (OTCQB: MKRS), a provider of advanced maintenance and monitoring solutions for mission-critical systems, has received its first commercial full-rate production order for its manufacturing and depot center in Largo, Florida. The depot provides sustainment and logistics support for the Mikros Systems Adaptive Diagnostic Electronic Portable Testset (ADEPT®) system for the U.S. Navy, and has produced and delivered over 200 systems to date. To view the full press release, visit: http://nnw.fm/RMg4G About Mikros Systems Corporation Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology for military, industrial and commercial applications. …

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WednesdaySep 28, 2016 1:34 pm

Athersys (ATHX) Receives FDA’s Special Protocol Assessment for Phase 3 Study of MultiStem® Treatment

Athersys (NASDAQ: ATHX) has received an agreement from the U.S. Food and Drug Administration (FDA) under a Special Protocol Assessment (SPA) for the design and planned analysis of a phase 3 clinical trial of the company’s novel MultiStem® cell therapy product for the treatment of ischemic stroke.  Per the SPA agreement, the protocol design, clinical endpoints, planned conduct and statistical analyses encompassed in Athersys’ planned phase 3 study are acceptable to support a regulatory submission for approval of the MultiStem product for treating ischemic stroke patients.  “This is a major accomplishment for Athersys, as it clearly defines the development and…

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WednesdaySep 28, 2016 1:31 pm

China Ceramics (CCCL) Posts Q2 2016 Financial Results

China Ceramics (NASDAQ: CCCL) this morning posted its Q2 financial results, with revenues impacted by broader market conditions. The Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings reported revenue of US$31.1 million, down 20.6% from the second quarter of 2015. Net profit was US$3.5 million, up 22.4% from Q2 2015. Earnings per share on a basic and fully diluted basis were US$1.30 and US$1.18 respectively. EBITDA was US$4.9 million, down 27.1% from Q2 2015. "For the second quarter of 2016, we experienced challenging market conditions due to the…

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