NetworkNewsBreaks Archive - Page 2135 of 2221

WednesdayMay 03, 2017 11:54 am

NetworkNewsBreaks – EcoStim Energy Solutions, Inc. (NASDAQ: ESES) Secures Long-Term Contract Valued at Over $50M; Shares Soar

Shares of Eco-Stim Energy Solutions (NASDAQ: ESES) are up more than 50% after the company said it is has been awarded a two-year contract with the largest operator in Argentina for its tight gas completions program. Substantial work has already been performed under this contract, which was effective April 1, 2017. Per the contract, EcoStim will receive a guaranteed minimum compensation of approximately 40% of the contract value, although the operator anticipates the completion program to generate over $50 million in completions work over the contract's term. "This contract, together with the recently announced contract in Oklahoma, should give the…

WednesdayMay 03, 2017 11:43 am

NetworkNewsBreaks – Aegis Capital Reiterates “Buy” Rating, Raises PT by $4 on Akebia Therapeutics, Inc. (NASDAQ: AKBA)

Aegis Capital recently reiterated a ‘Buy’ rating and raised the price target to $25 on Akebia Therapeutics, Inc.’s (NASDAQ: AKBA) stock. The action followed the company’s recent expansion of its collaboration with Otsuka Pharmaceutical for vadadustat by entering into a collaboration and license agreement to include China, Europe, Russia, the Middle East, Canada and Australia. Akebia still maintains 50% of the U.S rights, all of Latin America, and control of the development program which includes manufacturing. The analyst noted that the expanded agreement is positive for Akebia, as it addresses the company’s cash needs moving forward, as well as lightening…

WednesdayMay 03, 2017 11:19 am

NetworkNewsBreaks – Social Reality, Inc. (NASDAQ: SRAX) Announces Sale of Additional $1.28 Million of Secured Convertible Debentures

Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced that it has closed on the sale of an additional $1.28 million of 12.5% senior secured convertible debentures under the same terms as the previously announced financing. Giving effect to the first closing of this offering on April 21, 2017, SRAX issued and sold an aggregate of $5,000,000 principal amount of debentures convertible at $3.00 per share and Series A Warrants to purchase 833,337 shares of its Class A common stock at $3.00 per share. “With the final closing, we've successfully completed the financing, bringing net proceeds of approximately…

WednesdayMay 03, 2017 10:21 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Issues Update on Initiatives to Maximize Corporate Value

SinglePoint, Inc. (OTC: SING), a holding company specializing in the acquisition of small to mid-size companies with an emphasis on new technologies, this morning offered an update on its current and future initiatives aimed at maximizing corporate value and increasing shareholder communication. “This is an exciting time for SinglePoint,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We continue to increase value for our shareholders by focusing on acquisitions while strengthening inside sales and fund raising. We expect 2017 to be a great year for SinglePoint and look forward to providing additional updates on future acquisition targets, joint…

TuesdayMay 02, 2017 2:45 pm

NetworkNewsBreaks – Player’s Network, Inc. (PNTV) Launches Marijuana Accelerator Division

Diversified holding company Player’s Network, Inc. (OTCQB: PNTV) today announced the launch of a new division called Marijuana Accelerator following its acquisition of Marijuana Incubator. The launch of Marijuana Accelerator is part of PNTV’s overall strategy to gain market share by developing a national footprint in the legal medical marijuana industry. “The marijuana industry is lacking much-needed accelerator and incubator-style mentoring organizations, and we are pleased to present our unique solution to meet this need,” Brett H. Pojunis, member of PNTV’s board of directors, stated in today’s news release. “There is a lot of excitement in this industry. It reminds…

TuesdayMay 02, 2017 1:11 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 2, 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: INND 16.67% – News: DTC approves its common stock for DWAC/FAST transfer BONT 12.12% – News: Names new executive VP, chief information officer SLTK 10.59% – News: Retains KCSA Strategic Communications WKHS 10.50% – News: Enters strategic partnership with Ryder System, Inc. (NYSE: R) NXTD 10.48% – News: Posts preliminary Q1 2017 results CLRB 9.84% – News: Hosting teleconference and live webcast to report Q1 2017 results on May 11 FUSZ 8.62% – News:…

TuesdayMay 02, 2017 1:08 pm

NetworkNewsBreaks – ROTH Capital Partners Performs as Sole Placement Agent for BioPharmX Corp.’s (NYSE: BPMX) $5M Registered Direct Offering

BioPharmX (NYSE: BPMX) has successfully completed a sale of 6,410,258 shares of common stock at a price of $0.78 per share with 50% warrant coverage, representing warrants to purchase up to 3,205,129 shares of common stock, in a registered direct offering. ROTH Capital Partners acted as sole placement agent in the offering. Beginning six months following the closing date, the warrants will be exercisable at an exercise price of $0.90 per share and will expire five years from the date they become exercisable. Gross proceeds of the offering are anticipated to be approximately $5.0 million. The specialty pharmaceutical company said…

TuesdayMay 02, 2017 12:46 pm

NetworkNewsBreaks – ProBility Media Corp. (PBYA) Releases 2017 Electrician Training Materials Series

Education technology company ProBility Media Corp. (OTCQB: PBYA) today announced that its publishing arm, Brown Technical Publications, has achieved an industry first with the release of its 2017 electrician training materials series for both journeyman and master’s electrician exam preparation programs. “We are the first publisher to release both a journeyman and master's related course individualized to over 38 states,” Noah Davis, president and COO of ProBility, stated in the news release. “Brown Technical Publications now publishes and distributes over 180 titles in seven different trade categories including electrical, pipe fitting, sheet metal, instrumentation, crane, rigging and HVAC. Distribution and…

TuesdayMay 02, 2017 12:09 pm

NetworkNewsBreaks – ORHub, Inc. (ORHB) Appoints Dr. Cyrus Olsen as New Chief Operating Officer

Health care software-as-a-service company ORHub, Inc. (OTC: ORHB) today announced the appointment of Dr. Cyrus Olsen, Ph.D. as the company’s new chief operating officer. Olsen brings more than 25 years of experience in IT, operations, organizational infrastructure, marketing and finance to the ORHub team, which is currently focused on facilitating growth strategies and scaling its operations. “Dr. Olsen will be responsible for creating the execution roadmap and scaling the organization,” Colt Melby, CEO of ORHub, stated in the news release. “His expertise in building software platforms and organizational services will add significant depth to the company and position us for…

TuesdayMay 02, 2017 10:23 am

NetworkNewsBreaks – Social Reality, Inc. (NASDAQ: SRAX) Schedules First Quarter 2017 Conference Call for May 15

Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced plans to host a conference call to discuss its first quarter 2017 results at 1:30 pm PT on May 15, 2017. SRAX co-founder and CEO Christopher Miglino will join CFO J.P. Hannan to provide an operational and financial summary of the three-month period, while co-founder and Chief Innovations Officer Erin DeRuggiero will discuss SRAXmd and provide a supplemental presentation. To access the conference call, interested parties should dial (888) 503-8169 from the United States and Canada or (719) 325-2144 from international locations, using passcode 7422827. For those unable to…

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