NetworkNewsBreaks Archive - Page 2124 of 2220

ThursdayMay 25, 2017 11:59 am

NetworkNewsBreaks – Shares of Micronet Enertec Technologies, Inc. (NASDAQ: MICT) Surge on Record Backlog of $11.5M

Micronet Enertec Technologies (NASDAQ: MICT) shares are up 14% in morning trade after the developer of customized military computing products said its Micronet Ltd. ("Micronet") subsidiary has received an additional purchase order from a current customer valued at approximately $2.1 million for 8,000 units of its TREQ®-317. This recurring order is expected to be fulfilled during the third and fourth quarters of 2017. A prior purchase order from the same customer, a U.S.-based bulk material supply chain solutions company, was announced in March 2017 and was also valued at $2.1 million. "This order puts our MRM division's backlog at over…

ThursdayMay 25, 2017 11:56 am

NetworkNewsBreaks – Diana Containerships, Inc. (NASDAQ: DCIX) Inks New Time Charter Contract, Announces Nasdaq Compliance Notice; Shares Nudge Higher

Global shipping company Diana Containerships (NASDAQ: DCIX) this morning announced its time charter contract with Mitsui O.S.K. Lines Ltd. for one of its Post-Panamax container vessels, the m/v Puelo. The gross charter rate is US$14,600 per day, minus a 1.25% commission paid to third parties, for a period of approximately 50 days. The charter is expected to commence June 13, 2017. Separately, Diana Containerships said it has received notice from The Nasdaq Stock Market that the company is not in compliance with Listing Rule 5450(a)(1), as its closing bid price was below the minimum $1 per share bid price for…

ThursdayMay 25, 2017 11:21 am

NetworkNewsBreaks – Naked Group (NASDAQ: NAKD) Shares Slide on Merger, Reorganization Agreement with Bendon Ltd.

Shares of Naked Group (NASDAQ: NAKD) slumped 11% this morning after the fashion and lifestyle brand announced its merger with Bendon Ltd., a privately held intimate apparel and swimwear company. Per the agreement, Naked Group and Bendon will become wholly owned subsidiaries of the newly formed Australian company, Bendon Group Holdings Ltd. (Holdco). Pending regulatory and shareholder approval, Holdco’s ordinary shares are expected to list on NASDAQ or NYSE by the end of October 2017. “This transformative merger will create a powerful portfolio of iconic innerwear, sleepwear, and swimwear brands. We believe this merger will enable the combined company to…

ThursdayMay 25, 2017 11:19 am

NetworkNewsBreaks – Moxian, Inc. (NASDAQ: MOXC) Competes in Key China Market Expected to Reach $48B This Year

As it competes in the huge Chinese sector of online-to-offline marketing, Moxian (NASDAQ: MOXC) has solidified its financial position. Intrigued by the size of China’s O2O market and Moxian’s ambitious strategy for growth, SeeThruEquity has projected that Moxian could achieve revenues of $24.1 million and net income of $4.5 million in FY 2018, providing the company can demonstrate its ability to raise additional capital, as the O2O market is anticipated to reach $48 billion in 1H17. “The high technology Shenzhen, China-based company netted some $8.5 million in an equity offering, at $4 per share, late in 2016 that resulted in…

WednesdayMay 24, 2017 1:03 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 24, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: OLVI 14.15% – News: Begins trading on the U.S. over-the-counter market RADA 14.12% – News: Posts Q1 2017 financial results WCUI 9.86% – News: Stealth Mark moves corporate HQ and manufacturing plant to Tennessee BNKL 8.57% – News: Partners with Ginger Capital Investment Holding Ltd. CHFS 6.05% – News: Retains CORE IR FHCO 5.71% – News: Plans to advance VERU-944 into phase 2 clinical trial MSRT 5.26% – News: Issues shareholder update SCYX 4.32%…

WednesdayMay 24, 2017 12:59 pm

NetworkNewsBreaks – SeeThruEquity Updates Coverage on Pressure BioSciences, Inc. (PBIO)

SeeThruEquity has issued a company update on Pressure BioSciences (OTCQB: PBIO) following the company’s recently reported first-quarter results. Pressure BioSciences posted $525,998 in first-quarter products and services revenue, an increase of 16% compared to the same period in 2016. Among other highlights, the analyst notes that the company recently received CE Marking for its Barocycler 2320EXTREME instrument system faster than originally expected. This is expected to greatly expand the sales potential for the company over the year. For more information, visit www.pressurebiosciences.com About Pressure BioSciences, Inc. Pressure BioSciences, Inc. ("PBI") (OTCQB: PBIO) develops, markets, and sells proprietary laboratory instrumentation and…

WednesdayMay 24, 2017 12:57 pm

NetworkNewsBreaks – MagneGas (NASDAQ: MNGA) Introduces New Feedstock That Increases Production Rate and Reduces Cost; Shares Rally

Shares of MagneGas’ (NASDAQ: MNGA) are up more than 26% mid-day after the company said it has transitioned to a new renewable feedstock that results in roughly a 60% increase in fuel output per minute while yielding approximately a 49% reduction in fuel production cost. MagneGas has a patent pending for the usage of this new feedstock in its gasification systems, which it expects will be granted. "We believe that this is significant for our company because it makes the sale of our gasification equipment more attractive to potential buyers both domestically and abroad and allows for increased market penetration…

WednesdayMay 24, 2017 12:55 pm

NetworkNewsBreaks – Jaguar Animal Health, Inc. (NASDAQ: JAGX) Shares Spike on New Mytesi® Video

Shares of Jaguar Animal Health (NASDAQ: JAGX) are up more than 8% this morning, likely trending higher on news that Napo Pharmaceuticals, Inc. has launched a Mytesi® video that highlights the challenges of living with HIV-related diarrhea. Jaguar has licensed worldwide veterinary rights to Mytesi®, which is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. The video features commentary from people living with HIV/AIDS, describing the impact it has on their daily lives. “The active pharmaceutical ingredient in Mytesi®, crofelemer, is a first-in-class anti-secretory agent offering a natural solution…

WednesdayMay 24, 2017 10:38 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Completes Acquisition of Discount Indoor Garden Supply

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced the completion of its acquisition of Discount Indoor Garden Supply (“DIGS”). Under the terms of the agreement, SinglePoint has acquired a 90 percent stake in DIGS through a stock and cash transaction, further demonstrating the company’s ability to strategically expand its portfolio of investments in established, high-potential cannabis businesses. “This acquisition is an important one for SinglePoint and strengthens our footing in the cannabis industry,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “The acquisition of DIGS is phenomenal for the company's books. More importantly though are the…

WednesdayMay 24, 2017 10:15 am

NetworkNewsBreaks – Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) Featured in Exclusive Audio Interview by NetworkNewsWire

Multifaceted financial news and publishing company NetworkNewsWire (“NNW”) this morning announced the online availability of an exclusive audio interview with mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF). In the interview, Stuart (Tookie) Angus, an independent business advisor to the mining industry and member of Kootenay Zinc’s advisory board, offers listeners a run-down of the company’s current operations. Kootenay Zinc is currently focused on the discovery of zinc ore at its mineral property located near the famous Sullivan Mine, which was previously one of the world’s largest zinc/lead/silver deposits, producing over $49 billion worth of metal.…

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