NewsRoom Articles - Page 1438 of 1456

WednesdaySep 21, 2016 3:50 pm

SITO Mobile (SITO) Announces Pricing of $10 Million Underwritten Public Offering

Leading mobile engagement platform SITO Mobile Ltd. (NASDAQ: SITO) on Friday, September 16, announced a $10 million underwritten public offering. The offering is expected to close on Tuesday, September 21. The underwritten public offering consists of 2,666,667 shares of common stock at an offering price of $3.75 each. SITO Mobile also made available a 30-day option that would allow underwriters to purchase up to 400,000 additional shares at the same price. The decision is designed to cover overallotments that result from the underwritten public offering. The New Jersey company expects gross proceeds of $10 million and approximately $9.3 million after…

WednesdaySep 21, 2016 3:32 pm

MabVax (MBVX) Tackling Cancer with Diagnostics and Therapeutics

Recently, David Hansen, the CEO of MabVax Therapeutics Holdings, Inc. (NASDAQ: MBVX), spoke to Jane King of Small Cap Nation about current developments at the clinical-stage biotechnology company. They were joined by Jeffrey Kraws, founder and senior analyst at Crystal Research Associates. MabVax is an oncology drug development company with a number of technologies to discover antibodies from patient immune responses against their cancers. The antibodies so derived from humans are then used to develop products for the diagnosis and treatment of metastatic solid tumor cancers. Human-derived antibodies have less chance of being rejected by the body, as CEO David…

WednesdaySep 21, 2016 12:14 pm

Pay-by-Text™ from Singlepoint, Inc. (SING) Makes Mobile Payments as Easy as SMS

A recent feature in Fortune magazine titled ‘How mobile payments will grow in 2016’ (http://nnw.fm/DrEs0) shows the rosy future that lies before Singlepoint, Inc. (OTC: SING). The Fortune piece reports that ‘eMarketer (is) forecasting 210% growth in the total value of mobile payment transactions in 2016—up to $27.05 billion from $8.71 billion’. This is a market that is still in its infancy, and Singlepoint’s Pay-by-Text™ technology is precisely the sort of cutting edge innovation that can establish a niche in it. Despite the promise of easier use and convenience, the Fortune piece reveals that ‘while 52% of North Americans are…

WednesdaySep 21, 2016 9:06 am

eXp World Holdings, Inc. (EXPI) Taking the Complexity Out of Real Estate Transactions

eXp World Holdings, Inc. (OTCQB: EXPI) serves as the holding company for multiple companies, including eXp Realty. Through eXp Realty, the corporation is using innovation to better develop real estate prospects and is effectively changing how real estate dealings are conducted. Recent strides in the tech and e-commerce fields have had a substantial effect on how numerous industries (real estate included) operate. Buyers and sellers have more on-the-spot data at their fingertips via the Internet, yet the home buying and selling process remains a complex and often emotional activity. This is where eXp Realty comes in, as a tried-and-tested organization…

TuesdaySep 20, 2016 3:22 pm

Range Resources (RRC) and Memorial Resource Development Corp. Close Merger Agreement

On September 16, 2016, Range Resources Corporation (NYSE: RRC) entered into a merger agreement with Memorial Resource Development Corp. (NASDAQ: MRD), as previously agreed upon by shareholders of both companies. Under the agreement, RRC receives all of MRD’s remaining shares of common stock in an all-stock arrangement. The arrangement is worth over $4 billion and incorporates MRD’s net debt. In a news release, Jeff Ventura, CEO of Range Resources Corporation, stated, “We are excited to announce the closing of the Memorial transaction and believe this is a significant milestone for Range. We welcome the newest members of the Range team…

TuesdaySep 20, 2016 3:03 pm

Mattress Firm Holding Corp. (MFRM) Acquired by Steinhoff International Holdings N.V.

Mattress Firm Holding Corp. (NASDAQ: MFRM), the nation’s largest mattress retailer, recently announced the completion of its acquisition by South Africa-based Steinhoff International Holdings N.V. Steinhoff paid $64 per share in cash for Mattress Firm, which represented a premium of 115 percent over the company’s closing stock price of $29.75 on August 5, 2016. The acquisition became effective on September 16. Moving forward, Mattress Firm will operate as a subsidiary of Steinhoff. The mattress retailer’s existing management team, led by Steve Stagner, the company’s executive chairman, and Ken Murphy, president and CEO, will remain in place in order to run…

TuesdaySep 20, 2016 1:42 pm

NetworkNewsBreak: LM Funding America, Inc. (LMFA) Capitalizing on Growing U.S. Debt Collection Industry

According to data from the U.S. Federal Reserve Board (http://nnw.fm/dPEg3), roughly $3.66 trillion in consumer credit was outstanding in the United States as of July 2016. About 90 percent of these accounts are expected to be repaid pursuant to the terms of the contractual agreement, according to DBA International (http://nnw.fm/I4pf2). The remaining 10 percent, however, serve as the foundation for the massive debt collection industry, which returned approximately $44.6 billion to creditors in 2010, according to PricewaterhouseCoopers. One company operating in this lucrative industry is LM Funding America, Inc. (NASDAQ: LMFA), a specialty financing company that offers funding to nonprofit…

TuesdaySep 20, 2016 12:26 pm

Net Element, Inc. (NETE) Records Strong Transaction Volume Growth through First Seven Months of 2016

Earlier today, Net Element, Inc. (NASDAQ: NETE) announced its transaction processing volume for the first seven months of 2016, as compared to the same period from a year ago. Notably, the company recorded a 77 percent year-over-year increase in total dollars processed (discounting the effects of foreign currency exchange) to $1,025.8 million for the period. A significant portion of this rise was attributed to Net Element’s online solutions, which saw an increase of 90 percent from 2015 to $305 million. Likewise, volume from mobile solutions rose 84 percent to $23.4 million. Oleg Firer, chief executive officer of Net Element, commented…

TuesdaySep 20, 2016 9:08 am

Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (LB6A.F) Receives Second Report from Fundamental Research Corp.

Fundamental Research Corp. (FRC), a company in the business of providing quality equity research coverage since 2003, recently released its second report on Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (LB6A.F), a rapidly growing multi-level marketing (MLM) company focused on the sale of functional, hemp-based beverages. FRC released its first report on May 5, 2016, giving Laguna a BUY rating and fair value estimate of $0.45 per share. According to the original report, the company’s shares were expected to range from $0.30 to $1.06, depending on the number of affiliates LAGBF generates by 2020. Since this initial coverage, Laguna’s share…

MondaySep 19, 2016 1:35 pm

Moxian, Inc. (MOXC) Helping Millennials Communicate with Businesses through Social Media Marketing

An impressive 90% of young adults aged 18 to 29 use social media, with a third of them saying that it is their preferred means of communication with businesses. 70% have an account on at least one social media platform, 52% use two or more social media sites, and the average social media user maintains five accounts, all according to Business2Community.com (http://nnw.fm/95uFT). Statistics continue to show the development and projected growth of social media as a marketing tool. Although return on investment (ROI) is still hard to measure today, 80% of marketers use “vanity metrics” such as “likes” and “shares”…

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