Before the opening bell, Singlepoint, Inc. (OTC: SING) was announced as a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” The show includes informative interviews with company CEOs, offering prospective investors insight into their operations and outlooks for the future.
To view this week’s program, visit www.MoneyTV.net
In the interview, Greg Lambrecht, chief executive officer of Singlepoint, gave shareholders some additional insight into the latest news from the company, including its ongoing audit. In recent weeks, Singlepoint has been moving forward with corporate audits ahead of a planned uplisting to the OTCQB Venture Marketplace in the near future. With the rapid approach of the end of 2016, Singlepoint, along with Houston-based PCAOB firm MaloneBailey, has made the decision to alter its strategy in order to better position itself for success following its uplisting.
“As we got closer to 2017, our auditors have advised us that, at this point, we should go ahead and audit 2016, too,” Lambrecht stated in the interview. “That’s what we’re doing.”
In addition to discussing the ongoing audit, Lambrecht took the time to hit on some of the highpoints of Singlepoint’s current operations, including its new marketing partnership with RedFin. As one of the processors currently integrated with Singlepoint’s Pay-by-Text™ and Text2Bid technologies, the companies already have a working relationship. However, through this new sales and marketing program, RedFin will identify organizations from among its base of more than 150,000 clients, specifically faith-based organizations and non-profits, that will benefit from Singlepoint’s payment products.
“We’re really excited to take our RedFin relationship beyond just a technical integration relationship into a sales and marketing relationship,” Lambrecht continued. “We expect to see a lot of new deals coming down the pipes from that.”
The interview concluded with a few words about the daily fantasy sports market, which Singlepoint entered through its acquisition of a minority stake in DraftFury earlier this year. The daily fantasy sports industry generated roughly $2.6 billion in entry fees during 2015, and that figure is expected to reach $14.4 billion by 2020, according to Eilers Research. With the start of the NBA season earlier this week, Singlepoint is uniquely positioned to capitalize on this market performance.
“This is the sweet spot where we’ve got football, which is almost 75 percent of fantasy sports players, and also the NBA,” he concluded. “This is the time of year when people are playing, and the increases from year to year are evident.”
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Friday, October 28, 2016
Agora Holdings, Inc. (AGHI) Issues Update Regarding Ongoing Development of FRAME Technology
Earlier today, Agora Holdings, Inc. (OTC: AGHI), parent company of Geegle Media, announced plans to update its FRAME social media management software in order to streamline production capabilities for business users. By integrating its TECH workflow management tool with FRAME, the company aims to develop a comprehensive business management software solution. This planned move will effectively transition frame from the private market to a unique “do it yourself” tool that helps small and medium-sized businesses manage and monitor workflow, workforce, warehouses and billing while reducing overall costs.
“We are excited to introduce new features to our TECH platform, specifically as it relates to our business users,” Danail Terziev, chief executive officer of Agora, stated in this morning’s news release. “The updated version is laden with rich reporting modules that helps management to move company in right direction.”
Originally launched in September of this year, FRAME differentiates itself from the competition by offering free use for non-commercial users. In an effort to provide the best experience possible to both free and paid users, FRAME also offers an extensive reporting system that allows users to monitor the performance metrics of each of their posts quickly and easily, giving them an opportunity to more actively engage with followers, friends and other target audiences.
FRAME is currently available for Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB) users, and Agora has already announced plans to integrate additional social media networks into the platform moving forward. The app can be downloaded for Android devices from Google Play or by visiting Frame.ms.
In addition to its ongoing development of the FRAME platform, Agora has also announced a number of other projects that are currently underway. In a news release issued last month, the company highlighted its development pipeline, which includes a variety of consumer portals such as GeegLe.TV, 1000Salads.com, LobbyTV.ca and jobs-quest.com. This morning’s update included news of yet another project currently under development by Agora, an email platform. According to the news release, the new platform, GeegLe.Me, is expected to roll-out at the beginning of next year. Similar to FRAME, GeegLe.Me will be free for personal use and paid for business.
For more information, visit www.agoraholdingsinc.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“We are excited to introduce new features to our TECH platform, specifically as it relates to our business users,” Danail Terziev, chief executive officer of Agora, stated in this morning’s news release. “The updated version is laden with rich reporting modules that helps management to move company in right direction.”
Originally launched in September of this year, FRAME differentiates itself from the competition by offering free use for non-commercial users. In an effort to provide the best experience possible to both free and paid users, FRAME also offers an extensive reporting system that allows users to monitor the performance metrics of each of their posts quickly and easily, giving them an opportunity to more actively engage with followers, friends and other target audiences.
FRAME is currently available for Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB) users, and Agora has already announced plans to integrate additional social media networks into the platform moving forward. The app can be downloaded for Android devices from Google Play or by visiting Frame.ms.
In addition to its ongoing development of the FRAME platform, Agora has also announced a number of other projects that are currently underway. In a news release issued last month, the company highlighted its development pipeline, which includes a variety of consumer portals such as GeegLe.TV, 1000Salads.com, LobbyTV.ca and jobs-quest.com. This morning’s update included news of yet another project currently under development by Agora, an email platform. According to the news release, the new platform, GeegLe.Me, is expected to roll-out at the beginning of next year. Similar to FRAME, GeegLe.Me will be free for personal use and paid for business.
For more information, visit www.agoraholdingsinc.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
eXp World Holdings, Inc. (EXPI) Announces Addition of Eric Burch Real Estate Team to eXp Realty
Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the addition of Eric Burch, principal of the independent brokerage Burch & Co. Real Estate, to the Agent-Owned Cloud Brokerage®. As part of this move, Burch transitioned his entire team of 17 agents and brokers, which was ranked the number one team in Northeast Arkansas in 2015 in terms of transaction volume, to eXp Realty. With this announcement, eXp Realty has now added three leading real estate teams from markets across the country over the past two weeks.
“Burch & Co. is our heart, our baby,” Eric Burch stated in this morning’s news release. “We wouldn’t be making the transition if we didn’t firmly believe that eXp represents the very best option for us as a team and as individual real estate professionals. With eXp, we can provide better service to our clients and, importantly, the opportunity for true ownership to our agents.”
Burch was formally introduced to the eXp Realty community during the company’s weekly leadership meeting this morning. To view these meetings, visit the company’s YouTube channel at www.youtube.com/user/eXpRealty.
eXp Realty has been in a period of rapid growth since the beginning of 2016, expanding its family of agents and brokers by more than 120 percent since January 1. Earlier this month, the company added its 1,900th agent, and management has already set its sights on a goal of 2,200 agents by the end of this year. Through the recent additions of top real estate teams such as Sacramento’s Brent Gove team and Darren James Real Estate Experts of Baton Rouge, as well as Miguel Herrera – the top international luxury agent in all of South Texas, eXp Realty is demonstrating that the value proposition presented by the Agent-Owned Cloud Brokerage® is unmatched in the industry.
“eXp provides top teams and brokerage owners with the opportunity to expand into new markets without additional capital requirements and an agent experience for their members that is collaborative, interpersonal and enriching,” Vikki Bartholomae, president of eXp Realty, stated in the news release. “We welcome Eric and his team to Agent Ownership and look forward to extending that same opportunity to other entrepreneurial brokerage owners, agents, and teams of agents in all markets.”
Since its launch in October 2009, eXp Realty has leveraged an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the company. In 2013, EXPI transitioned into being a public company before implementing an innovative equity sharing initiative the next year. When combined with the company’s collaborative training tools and immersive, 3-D cloud office environment, this equity sharing model has proven extremely successful, as eXp Realty’s rates of growth and agent retention have greatly accelerated in recent years.
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“Burch & Co. is our heart, our baby,” Eric Burch stated in this morning’s news release. “We wouldn’t be making the transition if we didn’t firmly believe that eXp represents the very best option for us as a team and as individual real estate professionals. With eXp, we can provide better service to our clients and, importantly, the opportunity for true ownership to our agents.”
Burch was formally introduced to the eXp Realty community during the company’s weekly leadership meeting this morning. To view these meetings, visit the company’s YouTube channel at www.youtube.com/user/eXpRealty.
eXp Realty has been in a period of rapid growth since the beginning of 2016, expanding its family of agents and brokers by more than 120 percent since January 1. Earlier this month, the company added its 1,900th agent, and management has already set its sights on a goal of 2,200 agents by the end of this year. Through the recent additions of top real estate teams such as Sacramento’s Brent Gove team and Darren James Real Estate Experts of Baton Rouge, as well as Miguel Herrera – the top international luxury agent in all of South Texas, eXp Realty is demonstrating that the value proposition presented by the Agent-Owned Cloud Brokerage® is unmatched in the industry.
“eXp provides top teams and brokerage owners with the opportunity to expand into new markets without additional capital requirements and an agent experience for their members that is collaborative, interpersonal and enriching,” Vikki Bartholomae, president of eXp Realty, stated in the news release. “We welcome Eric and his team to Agent Ownership and look forward to extending that same opportunity to other entrepreneurial brokerage owners, agents, and teams of agents in all markets.”
Since its launch in October 2009, eXp Realty has leveraged an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the company. In 2013, EXPI transitioned into being a public company before implementing an innovative equity sharing initiative the next year. When combined with the company’s collaborative training tools and immersive, 3-D cloud office environment, this equity sharing model has proven extremely successful, as eXp Realty’s rates of growth and agent retention have greatly accelerated in recent years.
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Net Element, Inc. (NETE) – Embracing Innovation and Differentiation in the Payment Processing Space
Net Element (NASDAQ: NETE) embraces what sets it apart from the competition: a laser focus on specific market expertise and value-added products and services. A global payments-as-a-service company, Net Element operates as a technology provider with an integrated mobile and transactional services platform that serves emerging market clients across North America, Russia, and the Commonwealth of Independent States.
The 150-plus staffers that make up the Net Element team thrive at seeing their ideas turn into innovations that become accomplishments. They develop and deliver customer-engaged, next-generation point of sale systems that anticipate market turns and trends. They present alternatives to cash payment methods that bring added convenience to customers-on-the-go, allowing them to perform commercial transactions right from their mobile devices. And with both the company’s online and offline payment capabilities, they allow merchants to operate their businesses with an anywhere-and-anyhow mentality. Using the most inventive and powerful tools on the web, the Net Element team continues to transform the online and mobile experience, all in an effort to improve relationships, enrich lives and bring communities together.
With its smarter, mobile point of sale systems, Net Element is in a sweet spot for growth, not only in the United States but outside of it as well, and still the company continues to improve how users engage with its products. It has been more than a decade since Net Element launched, and its contributions now extend beyond the mobile payment and value-added transactional innovations offered by subsidiaries like Aptito and TOT Money to the socially-responsible transaction processing options offered by companies like Process Pink and Unified Payments. By focusing on the technological innovations at the core of its products, the company continues to compete with ease in several highly-competitive markets.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The 150-plus staffers that make up the Net Element team thrive at seeing their ideas turn into innovations that become accomplishments. They develop and deliver customer-engaged, next-generation point of sale systems that anticipate market turns and trends. They present alternatives to cash payment methods that bring added convenience to customers-on-the-go, allowing them to perform commercial transactions right from their mobile devices. And with both the company’s online and offline payment capabilities, they allow merchants to operate their businesses with an anywhere-and-anyhow mentality. Using the most inventive and powerful tools on the web, the Net Element team continues to transform the online and mobile experience, all in an effort to improve relationships, enrich lives and bring communities together.
With its smarter, mobile point of sale systems, Net Element is in a sweet spot for growth, not only in the United States but outside of it as well, and still the company continues to improve how users engage with its products. It has been more than a decade since Net Element launched, and its contributions now extend beyond the mobile payment and value-added transactional innovations offered by subsidiaries like Aptito and TOT Money to the socially-responsible transaction processing options offered by companies like Process Pink and Unified Payments. By focusing on the technological innovations at the core of its products, the company continues to compete with ease in several highly-competitive markets.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Thursday, October 27, 2016
Dominovas Energy Corporation (DNRG) COO Presents Energy Survey Analysis to University of Johannesburg Officials
Earlier today, Dominovas Energy Corporation (OTCQB: DNRG) announced that its chief operating officer and president of its fuel cell division, Michael Watkins, recently gave a successful presentation to the Central Technical Services Department of the University of Johannesburg. The presentation, which took place on October 25, aimed to offer university officials additional insight into Dominovas Energy’s findings from the Energy Solutions Survey it circulated at the university last month. The goal of the survey was to identify the current state of electricity use at the university, including current consumption and efficiency metrics, while identifying areas with potential cost savings. This is a very important next step in the process of the Company having already announced it entered into talks with University officials a couple of months ago to become one of the primary energy suppliers to the University system.
“The systematic approach of Dominovas Energy has allowed us to better understand the overall ‘state’ of our energy usage that now supports our quantifying the ‘true’ cost of electricity and thermal energy generation at the University,” Brent Africa, director of utilities at the University of Johannesburg, stated in the news release. “The University is currently prioritizing its efforts to manage energy efficiency, as well as minimize the overall cost of energy delivery to its campuses. Dominovas Energy’s analysis of the Energy Survey and the presentation of the results could not have come at a better time to the University.”
Leveraging the findings of its Energy Solutions Survey, Dominovas Energy will now structure a power provider agreement (PPA) based on the analysis and current understanding of the energy requirements of the University of Johannesburg. This submittal will support the installation of a multi-megawatt base load power generation installation at the university in the future. Following Watkins’s presentation, Brent Africa noted that the benefits of installing Dominovas Energy’s proprietary RUBICON™ solid oxide fuel cell technology, relative to true cost savings, are “undeniable.” He went on to say that the university and Dominovas Energy have a “true opportunity to collaborate on a plan of action that could lead to the deployment of the RUBICON™ system.”
Dominovas Energy’s recent progress toward the installation of its RUBICON™ technology at the University of Johannesburg comes as the company continues to advance its overall plans for entering existing energy markets across the African continent. Earlier this month, Dominovas Energy, in collaboration with joint venture partner Mponeng Holdings [PTY] LTD, announced the submittal of a formal request for proposal for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa. If awarded, this project would include the installation of a 20 megawatt RUBICON™ system for the Ekurhuleni Metropolitan Municipality.
For more information, visit www.DominovasEnergy.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“The systematic approach of Dominovas Energy has allowed us to better understand the overall ‘state’ of our energy usage that now supports our quantifying the ‘true’ cost of electricity and thermal energy generation at the University,” Brent Africa, director of utilities at the University of Johannesburg, stated in the news release. “The University is currently prioritizing its efforts to manage energy efficiency, as well as minimize the overall cost of energy delivery to its campuses. Dominovas Energy’s analysis of the Energy Survey and the presentation of the results could not have come at a better time to the University.”
Leveraging the findings of its Energy Solutions Survey, Dominovas Energy will now structure a power provider agreement (PPA) based on the analysis and current understanding of the energy requirements of the University of Johannesburg. This submittal will support the installation of a multi-megawatt base load power generation installation at the university in the future. Following Watkins’s presentation, Brent Africa noted that the benefits of installing Dominovas Energy’s proprietary RUBICON™ solid oxide fuel cell technology, relative to true cost savings, are “undeniable.” He went on to say that the university and Dominovas Energy have a “true opportunity to collaborate on a plan of action that could lead to the deployment of the RUBICON™ system.”
Dominovas Energy’s recent progress toward the installation of its RUBICON™ technology at the University of Johannesburg comes as the company continues to advance its overall plans for entering existing energy markets across the African continent. Earlier this month, Dominovas Energy, in collaboration with joint venture partner Mponeng Holdings [PTY] LTD, announced the submittal of a formal request for proposal for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa. If awarded, this project would include the installation of a 20 megawatt RUBICON™ system for the Ekurhuleni Metropolitan Municipality.
For more information, visit www.DominovasEnergy.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
KaloBios Pharmaceuticals, Inc. (KBIO) is “One to Watch”
With more people across the U.S. faced with the unpleasant fact that healthcare and pharmaceutical costs are exceptionally high and continuing to grow, KaloBios Pharmaceuticals, Inc. (OTC: KBIO) is taking a step closer to positive change with new, innovative, and responsible pricing models.
The company is leading a new way of thinking regarding how medicines are priced, and how to tackle neglected and rare diseases. KBIO is advancing treatments and medicines for patients through innovative and responsible business models, leading by example with concrete operational changes, such as its Responsible Pricing Model.
This model was recently recognized in an article entitled ‘Will Investors Reward Drugmakers That Limit Price Increases?’ by Medical Marketing & Media (http://nnw.fm/HW0pb). The article highlights the problems that healthcare systems are facing, with the Epipen as an example, voicing a common professional medical investor fear that “this parade of pricing scandals makes us look like a pack of scoundrels. Sure, the EpiPen is a marvel. But that doesn’t mean it should be unaffordable! For a small number of patients, Daraprim can be life-saving. But that shouldn’t mean you should hike its price overnight by 50-fold!”
The article continues with an explanation of KaloBios’ new incentive to confine its revenue expectations to a “reasonable return.” With this in mind, KaloBios believes that, to achieve real transformation in the way the healthcare system operates as well as among patients and stakeholders, transparency and collaboration are key.
KaloBios Pharmaceuticals, Inc. is in the business of developing therapeutics for the treatment of cancer in the United States. The company’s Responsible Pricing Program means it is affordable to patients while maintaining a reasonable and transparent profit margin. KBIO does not make arbitrary price increases on its products, and keeps a close eye on inflation and the Consumer Price Index (CPI).
For more information, visit the company’s website at www.KaloBios.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The company is leading a new way of thinking regarding how medicines are priced, and how to tackle neglected and rare diseases. KBIO is advancing treatments and medicines for patients through innovative and responsible business models, leading by example with concrete operational changes, such as its Responsible Pricing Model.
This model was recently recognized in an article entitled ‘Will Investors Reward Drugmakers That Limit Price Increases?’ by Medical Marketing & Media (http://nnw.fm/HW0pb). The article highlights the problems that healthcare systems are facing, with the Epipen as an example, voicing a common professional medical investor fear that “this parade of pricing scandals makes us look like a pack of scoundrels. Sure, the EpiPen is a marvel. But that doesn’t mean it should be unaffordable! For a small number of patients, Daraprim can be life-saving. But that shouldn’t mean you should hike its price overnight by 50-fold!”
The article continues with an explanation of KaloBios’ new incentive to confine its revenue expectations to a “reasonable return.” With this in mind, KaloBios believes that, to achieve real transformation in the way the healthcare system operates as well as among patients and stakeholders, transparency and collaboration are key.
KaloBios Pharmaceuticals, Inc. is in the business of developing therapeutics for the treatment of cancer in the United States. The company’s Responsible Pricing Program means it is affordable to patients while maintaining a reasonable and transparent profit margin. KBIO does not make arbitrary price increases on its products, and keeps a close eye on inflation and the Consumer Price Index (CPI).
For more information, visit the company’s website at www.KaloBios.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
CEO of Net Element, Inc. (NETE) Subsidiary PayOnline Selected to Lead Futuristic Panel at Russian Interactive Week
Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced that Marat Abasaliev, chief executive officer of the company’s wholly-owned PayOnline subsidiary, will lead the futuristic section of the upcoming Russian Interactive Week (“RIW”) 2016. Organized by RUNET Group and held at Moscow’s Expo Center, RIW is the biggest annual event centered on the Russian Internet and offers a combination of a multi-threaded conference, media communication forum and a variety of extracurricular activities. This year’s event, which will be held from November 1-3, 2016, is expected to draw attendance in excess of 20,000 visitors.
Abasaliev’s highly-anticipated session, titled ‘How we will pay in 2020: projections and fantasies’, is scheduled to open the second day of RIW and will focus on forecast changes in Russian Internet payments that are set to take place over the next five years. Abasaliev will be joined by representatives from other market leaders, including MasterCard (NYSE: MA), MTS, VTB24 Bank and Mail Group, who are expected to share their unique views on the rapid development and evolution of the overall payments ecosystem.
In addition to offering his unique insight to conference visitors, Abasaliev’s assessment of the near-term future of the payments ecosystem in Russia and key issues related to electronic and physical payments in the region will also be evaluated by the event’s organizers. According to this morning’s update, the most visionary presenter will be honored at RIW 2020.
“Payment service providers reside at the intersection of information technology and electronic payments directly interacting with payment systems, banks, IT companies and mobile operators,” Abasaliev stated in this morning’s news release. “Taking stock of the payments landscape, we noticed that based on their individual challenges, each of our partners have their own vision of the ‘future payments’ of Russia; thus was born the idea of bringing together key industry players in the payment sector and try to create a shared vision of our future.”
In recent weeks, PayOnline has made significant progress toward expanding its presence in both the Russian payments market and those of the Commonwealth of Independent States. Perhaps the largest headline from this period, PayOnline entered into an agreement with Dunkin’ Donuts (NASDAQ: DNKN) to enable payment acceptance for online ordering and delivery services at the chain’s locations throughout the Russian market. Earlier this month, PayOnline built on this progress through its entry into a new agreement with ExLine, a leading provider of courier services in the Republic of Kazakhstan. Through this deal, PayOnline is helping ExLine enable online payment acceptance services for more than 50,000 customers across its operating region.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Abasaliev’s highly-anticipated session, titled ‘How we will pay in 2020: projections and fantasies’, is scheduled to open the second day of RIW and will focus on forecast changes in Russian Internet payments that are set to take place over the next five years. Abasaliev will be joined by representatives from other market leaders, including MasterCard (NYSE: MA), MTS, VTB24 Bank and Mail Group, who are expected to share their unique views on the rapid development and evolution of the overall payments ecosystem.
In addition to offering his unique insight to conference visitors, Abasaliev’s assessment of the near-term future of the payments ecosystem in Russia and key issues related to electronic and physical payments in the region will also be evaluated by the event’s organizers. According to this morning’s update, the most visionary presenter will be honored at RIW 2020.
“Payment service providers reside at the intersection of information technology and electronic payments directly interacting with payment systems, banks, IT companies and mobile operators,” Abasaliev stated in this morning’s news release. “Taking stock of the payments landscape, we noticed that based on their individual challenges, each of our partners have their own vision of the ‘future payments’ of Russia; thus was born the idea of bringing together key industry players in the payment sector and try to create a shared vision of our future.”
In recent weeks, PayOnline has made significant progress toward expanding its presence in both the Russian payments market and those of the Commonwealth of Independent States. Perhaps the largest headline from this period, PayOnline entered into an agreement with Dunkin’ Donuts (NASDAQ: DNKN) to enable payment acceptance for online ordering and delivery services at the chain’s locations throughout the Russian market. Earlier this month, PayOnline built on this progress through its entry into a new agreement with ExLine, a leading provider of courier services in the Republic of Kazakhstan. Through this deal, PayOnline is helping ExLine enable online payment acceptance services for more than 50,000 customers across its operating region.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Singlepoint, Inc. (SING) Set to Capitalize On Fantasy Sports Industry with the Start of the NBA Season
In the past 10 years, the number of people playing fantasy sports has grown from 18 million to a huge 57.4 million. What started as a niche hobby has now become a competitive game allowing fantasy sports to become a multi-billion dollar industry. An article from STATS (http://nnw.fm/U8iAP) that pulls together data from the Fantasy Sports Trade Association (FSTA) shows that the number of people playing Fantasy Sports increased by 20% in the U.S. and 18% in Canada between 2014 and 2015.
The fantasy sports industry is one of the fastest growing in the U.S., and, according to the FSTA (http://nnw.fm/L5Vpb), this industry will continue with its steady growth thanks to mobile devices. IBISWorld (http://nnw.fm/BiCi9) had this to say: “Over the past 10 years, fantasy sports services have experienced explosive absolute growth of 241.0%. Fantasy sports service firms will continue cashing in on the general move toward more mobile content, which will help bring revenue up at an annualized rate of 7.6% over the five years to 2018.”
But, for organizations such as publicly-traded holding company Singlepoint, Inc. (OTC: SING), with its recent investment in daily fantasy sports company DraftFury, the focus is about more than new mobile devices and potential new games. With the start of the NBA season on October 25, 2016, predictions are out and the population is making its choices for the coming 25-week season. Companies such as DraftFury are on track to offer their customers the best daily fantasy sports experience they can. The company, which offers skill-based daily fantasy contests for the NBA and other sports leagues, was partly acquired by Singlepoint, Inc. in May 2016.
Singlepoint believes this purchase was a great opportunity thanks to DraftFury’s ability to provide a superior gaming experience for users and its unique, seven-level referral program. The company believes this acquisition will not only build shareholder value in the short term but also create exciting new relationships in the long term. Singlepoint, Inc. announced that it is excited to be part of DraftFury’s growth, given the combination of DraftFury’s sophisticated seven-level referral program, which has enabled it to sign up over 1,800 marketing affiliates, and the start of the NBA season.
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Wednesday, October 26, 2016
Travel on 195 NextTrips with Monaker Group (MKGI)
A journey of a thousand miles, it has been said, begins with one step. That is as true today as it was 2,600 years ago when the venerable Chinese sage Lao-Tzu, to whom the saying is attributed, lived. Today, however, that thousand mile journey can also start with a single click, along with a little help from Monaker Group, Inc. (OTCQB: MKGI) and its flagship NextTrip platform. From that portal, the spirited adventurer can take his or her next trip to any one of 195 countries around the world.
Starting with that first click, users can begin their physical journey with a visual one on the NextTrip platform. There, the tormented soul driven by wanderlust or the holiday maker just getting away for a week or two will discover the world through a stimulating collection of videos on various destinations and tour packages. The site features videos on leading global cities like Bangkok, Cape Town, Dubai, Istanbul and Vienna, as well as the world’s five “gateway” cities: Hong Kong, London, Paris, New York City and Singapore. Since would-be travelers are increasingly using video content to make decisions about vacations, Monaker has compiled an extensive media library that has since become one of the company’s most valuable digital assets.
Back in October 2015, Monaker acquired the large and very popular global vacation rental platform, AlwaysOnVacation, which had, at that time, a listing of 65,000 properties in 120 countries. Vacation rental, which includes alternative lodging rentals, is one of the fastest growing segments of the travel market. With AlwaysOnVacation, Monaker also acquired relationships with 60 affiliated partner websites that are making its offerings available in 16 languages to around 700,000 subscribers worldwide.
The AlwaysOnVacation properties are part ‘of close to 1.2 million homes’ that Monaker has ‘under contract’, part of its strategy of cultivating ‘significant partnerships for accessing inventory’. As CEO Bill Kerby has pointed out, inventory of that size would make Monaker as big as HomeAway, which was acquired by Expedia (NASDAQ: EXPE) in December 2015 for $3.9 billion.
Monaker’s travel assets now include Maupintour, with over 65 years in tour-guided vacations; Voyage.TV, with its thousands of hours of travel footage shot in over 30 countries around the world; AlwayOnVacation, with its 250,000 listed properties; and NextTrip.com.
NextTrip is traveling in areas left uncharted by AirBnB, HomeAway, Priceline (NASDAQ: PCLN) and FlipKey by offering both proprietary and partner-held alternative lodging accommodation. The platform also offers traditional hotel accommodation, timeshare and resort inventory, real-time booking, a bidding platform, video content, car rentals, cruise packages, tours, airline bookings, and access to real live travel agents. It may be time for investors to take that first step and begin the journey with Monaker.
For more information, visit www.MonakerGroup.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Starting with that first click, users can begin their physical journey with a visual one on the NextTrip platform. There, the tormented soul driven by wanderlust or the holiday maker just getting away for a week or two will discover the world through a stimulating collection of videos on various destinations and tour packages. The site features videos on leading global cities like Bangkok, Cape Town, Dubai, Istanbul and Vienna, as well as the world’s five “gateway” cities: Hong Kong, London, Paris, New York City and Singapore. Since would-be travelers are increasingly using video content to make decisions about vacations, Monaker has compiled an extensive media library that has since become one of the company’s most valuable digital assets.
Back in October 2015, Monaker acquired the large and very popular global vacation rental platform, AlwaysOnVacation, which had, at that time, a listing of 65,000 properties in 120 countries. Vacation rental, which includes alternative lodging rentals, is one of the fastest growing segments of the travel market. With AlwaysOnVacation, Monaker also acquired relationships with 60 affiliated partner websites that are making its offerings available in 16 languages to around 700,000 subscribers worldwide.
The AlwaysOnVacation properties are part ‘of close to 1.2 million homes’ that Monaker has ‘under contract’, part of its strategy of cultivating ‘significant partnerships for accessing inventory’. As CEO Bill Kerby has pointed out, inventory of that size would make Monaker as big as HomeAway, which was acquired by Expedia (NASDAQ: EXPE) in December 2015 for $3.9 billion.
Monaker’s travel assets now include Maupintour, with over 65 years in tour-guided vacations; Voyage.TV, with its thousands of hours of travel footage shot in over 30 countries around the world; AlwayOnVacation, with its 250,000 listed properties; and NextTrip.com.
NextTrip is traveling in areas left uncharted by AirBnB, HomeAway, Priceline (NASDAQ: PCLN) and FlipKey by offering both proprietary and partner-held alternative lodging accommodation. The platform also offers traditional hotel accommodation, timeshare and resort inventory, real-time booking, a bidding platform, video content, car rentals, cruise packages, tours, airline bookings, and access to real live travel agents. It may be time for investors to take that first step and begin the journey with Monaker.
For more information, visit www.MonakerGroup.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Moxian, Inc. (MOXC) and Its Magnetic Marketing Mix
Moxian, Inc. (OTCQB: MOXC) is using its new media marketing solution to make a strong play in the Asian marketing industry. Headquartered in Shenzhen, China, the company offers some of the biggest interactive marketing products of the mobile internet era for social and business communities. It provides merchants with tangible opportunities to strengthen their outreach to consumers, and it delivers win-win solutions that allow companies to use big data to gain considerable insight into their operations, as well as their competitors’. With its online-to-offline integrated approach, Moxian infuses major mojo into a company’s marketing plan.
When Moxian Chairman and CEO James Tan was interviewed by Asian Fund Space in May 2016, he spoke about the company’s strategies for success. Even more so, the resulting article (http://nnw.fm/pR6Gc) revealed the three things management estimates Moxian needs to do to become a successful internet company. One, Moxian needs to identify a market need and its potential to deliver the products that would be in demand. Two, Moxian needs to emphasize quality over quantity with respect to writing and design code. Three, Moxian needs to develop the ability to design and build the infrastructure that will enable it to deliver products and support services to the market it has identified.
It has been three years now since Moxian was founded and the company is still very much technology driven. About half of Moxian’s staff of 170 (approximately 80 people) are focused on research and development (R&D). And, out of these 80 staffers, about 20 focus on end-product development while the remaining 60 are general R&D staffers.
Since its founding in 2013, Moxian has maintained an active product release and operations schedule. In October 2013, it launched its Moxian App 1.0 for beta in China and Malaysia. The following spring, it set up sales and marketing departments in Malaysia and Mainland China, and, shortly after, registered 50,000 merchants and 300,000 global users for its app. By September 2014, it had kicked off development of its Moxian+ platform, and, in the summer of 2015, it opened a new office in Shenzhen and also co-hosted and sponsored the Xinhua New Media Integrated Conference (Moxian’s deal with Xinhua, in particular, marked a major milestone in its development). Finally, later that October, the company completed the launch of its Moxian+ User App and Moxian+ Business App.
Over the years, the thriving new media market has given rise to a fast-growing net advertising sector in China and the rest of the world. In China alone, the advertising market is expected to hit around $80 billion in 2016. With about half of this number coming from mobile ad revenue, Moxian’s management sees this development as welcome news as the company has been preparing to tap into this booming market for quite some time now.
For more information, visit the company’s website at www.Moxian.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
When Moxian Chairman and CEO James Tan was interviewed by Asian Fund Space in May 2016, he spoke about the company’s strategies for success. Even more so, the resulting article (http://nnw.fm/pR6Gc) revealed the three things management estimates Moxian needs to do to become a successful internet company. One, Moxian needs to identify a market need and its potential to deliver the products that would be in demand. Two, Moxian needs to emphasize quality over quantity with respect to writing and design code. Three, Moxian needs to develop the ability to design and build the infrastructure that will enable it to deliver products and support services to the market it has identified.
It has been three years now since Moxian was founded and the company is still very much technology driven. About half of Moxian’s staff of 170 (approximately 80 people) are focused on research and development (R&D). And, out of these 80 staffers, about 20 focus on end-product development while the remaining 60 are general R&D staffers.
Since its founding in 2013, Moxian has maintained an active product release and operations schedule. In October 2013, it launched its Moxian App 1.0 for beta in China and Malaysia. The following spring, it set up sales and marketing departments in Malaysia and Mainland China, and, shortly after, registered 50,000 merchants and 300,000 global users for its app. By September 2014, it had kicked off development of its Moxian+ platform, and, in the summer of 2015, it opened a new office in Shenzhen and also co-hosted and sponsored the Xinhua New Media Integrated Conference (Moxian’s deal with Xinhua, in particular, marked a major milestone in its development). Finally, later that October, the company completed the launch of its Moxian+ User App and Moxian+ Business App.
Over the years, the thriving new media market has given rise to a fast-growing net advertising sector in China and the rest of the world. In China alone, the advertising market is expected to hit around $80 billion in 2016. With about half of this number coming from mobile ad revenue, Moxian’s management sees this development as welcome news as the company has been preparing to tap into this booming market for quite some time now.
For more information, visit the company’s website at www.Moxian.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
eXp World Holdings (EXPI) Brokerage Division Continues Accelerated Growth, Tops 1,900 Agents
Continuing its already significant growth rate, eXp Realty, the real estate brokerage division of eXp World Holdings, Inc. (OTCQB: EXPI), has expanded its agent base to more than 1,900 professionals, reporting a 151% increase in agent count, as compared to the third quarter of 2015. If it continues to expand at the same rate, it is very likely that the Agent-Owned Cloud Brokerage® will hit the 2,200-agent mark by the end of the year.
The company has been experiencing accelerated growth since the beginning of the year, expanding both its agent base and its coverage. With only 864 agents on January 1, it reached 1,500 agents in early August and now has 1,900 professionals across 41 markets in the U.S. and Canada – more specifically covering 41 states, the District of Columbia and Alberta, Canada. According to a company press release, the brokerage had 1,816 real estate professionals at the end of the third quarter, compared to 721 agents at the end of Q3 2015, marking an increase of over 151%. Earlier this month, it added its 1,900th agent.
This exponential growth rate is the direct results of eXp Realty’s unique business model. Unlike most competitors that concentrate their activity around a brick and mortar office, eXp’s commercial and residential brokerage relies heavily on cloud-based technologies and an advanced virtual reality platform to build an online community of real estate professionals. The platform allows for a wide range of operations, including agent training, lead generation, IT services, leadership meetings and more. Agents can meet in this virtual reality space to share experiences, exchange ideas with other agents, take online real estate classes and even play a game of virtual soccer.
In addition, the eXp Realty model is based on the idea that all agents should also have the possibility of being owners, so the brokerage offers its members access to lucrative revenue sharing programs and the opportunity to become shareholders based on their contributions to company growth. Since everything is done online, from the comfort of one’s home, agents can provide more efficient service and increase their profit with a lower risk, without having to worry about franchise and desk fees or similar expenses.
This system has allowed for a massive increase in the number of agents, but also for record revenue for eXp World Holdings in the first two quarters of the year, including more than $7 million in the first quarter and $13 million in the second. The financial figures for Q3 have not yet been released. According to eXp Realty CEO Jason Gesing, this growth rate shows that the company has become the brokerage of choice for agents and teams, as well as for brokerage owners that want to increase their profit. He also said his company was very happy with the quality of the real estate professionals who are joining the organization.
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The company has been experiencing accelerated growth since the beginning of the year, expanding both its agent base and its coverage. With only 864 agents on January 1, it reached 1,500 agents in early August and now has 1,900 professionals across 41 markets in the U.S. and Canada – more specifically covering 41 states, the District of Columbia and Alberta, Canada. According to a company press release, the brokerage had 1,816 real estate professionals at the end of the third quarter, compared to 721 agents at the end of Q3 2015, marking an increase of over 151%. Earlier this month, it added its 1,900th agent.
This exponential growth rate is the direct results of eXp Realty’s unique business model. Unlike most competitors that concentrate their activity around a brick and mortar office, eXp’s commercial and residential brokerage relies heavily on cloud-based technologies and an advanced virtual reality platform to build an online community of real estate professionals. The platform allows for a wide range of operations, including agent training, lead generation, IT services, leadership meetings and more. Agents can meet in this virtual reality space to share experiences, exchange ideas with other agents, take online real estate classes and even play a game of virtual soccer.
In addition, the eXp Realty model is based on the idea that all agents should also have the possibility of being owners, so the brokerage offers its members access to lucrative revenue sharing programs and the opportunity to become shareholders based on their contributions to company growth. Since everything is done online, from the comfort of one’s home, agents can provide more efficient service and increase their profit with a lower risk, without having to worry about franchise and desk fees or similar expenses.
This system has allowed for a massive increase in the number of agents, but also for record revenue for eXp World Holdings in the first two quarters of the year, including more than $7 million in the first quarter and $13 million in the second. The financial figures for Q3 have not yet been released. According to eXp Realty CEO Jason Gesing, this growth rate shows that the company has become the brokerage of choice for agents and teams, as well as for brokerage owners that want to increase their profit. He also said his company was very happy with the quality of the real estate professionals who are joining the organization.
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Sports Field Holdings, Inc. (SFHI) Taking Aim at Potentially Dangerous Athletic Surfaces with PrimePlay™ Turf Systems
Sports Field Holdings, Inc. (OTCQB: SFHI), through wholly-owned subsidiary FirstForm, Inc., is a product development company focused primarily on the design and construction of athletic facilities and the commercialization of its proprietary PrimePlay™ synthetic turf products within the sports industry. The FirstForm brand, which was originally announced in April of this year, highlights SFHI’s position at the forefront of the U.S. turf industry, which is bolstered by the company’s unwavering commitment to putting the safety and experiences of athletes first, through both product and facility innovation. To date, this commitment to excellence has played a key role in SFHI’s success in securing a number of high-profile jobs across the country, including playing surfaces at the ESPN Sport Science Lab in Burbank, California, and the renowned IMG Academy in Bradenton, Florida.
“Our new brand communicates to both current customers and potential customers that we continue to put our customer FIRST as we help them to FORM their vision into reality,” Jeromy Olson, chief executive officer of SFHI, stated in a news release earlier this year. “We look forward to providing continued excellence in our products and the delivery of world-class athletic facilities to the entire community of sport across the nation.”
Just before unveiling its rebranding efforts, SFHI announced that it was awarded its largest purchase order in company history for the creation or replacement of eight athletic fields owned by Richland County School District One in Columbia, South Carolina. The company beat out five major competitors to land the $5.8 million purchase order, and it’s successfully capitalized on the momentum provided by this contract in recent months.
In August, SFHI’s new PrimePlay™ turf systems were highlighted as a favorable alternative to potentially dangerous crumb rubber turf fields by the National Council of Youth Sports (NCYS), which represents over 200 member organizations serving more than 60 million registered youth athletes. FirstForm, Inc. was also approved by the NCYS as a ‘Recommended Provider’ of the replicated grass systems. In a recent news release, Olson took the opportunity to point out the important differences between existing crumb rubber turf products and SFHI’s PrimePlay™ alternatives.
“Existing crumb rubber turf products on the market are known to contain carcinogens, and their safety has been challenged by numerous national agencies,” he noted. “FirstForm’s infill products are all natural and organic and do not shift during play. We believe they are better and safer than anything else out there and can be tailored to nearly every sport.”
Leveraging this versatility, the company has also made moves to capitalize on new and emerging market opportunities by targeting the fast-growing indoor soccer and lacrosse facilities markets. This strategy appears to be sound, particularly when studying the current sports landscape across the country. According to data from IBISWorld, the indoor sports facilities market is valued at more than $900 million, and no companies currently have a dominant share of the niche. In order to better position itself within this market, SFHI has enlisted recognizable brand ambassadors from across the sporting community, including future NFL Hall of Famer Ray Lewis and former MLB pitcher Rick Honeycutt.
With a proven track record across multiple sports on both indoor and outdoor projects, SFHI’s potential for growth in the coming years is immense, and demand for sports turf appears to be on course to support this performance. According to a 2015 report by research firm ReportsnReports.com (http://nnw.fm/8xXV6), rising demand for quality playing surfaces is expected to spur a compound annual growth rate of 12 percent for the global artificial grass turf market from 2015 to 2019. With ongoing investigations into the safety of existing crumb rubber turf products, this forecast positions SFHI to greatly expand its market share moving forward.
“The safety and risks associated with crumb rubber remain an unknown to athletes, parents, and athletic facilities nationally, and we at Sports Field support the government’s investigation into their long-term health impacts,” concluded Olson. “We are pleased to be installing our unique alternatives with PrimePlay™. Our rubberless Replicated Grass™ and similar sport-specific turf products offer a compelling, crumb rubber-free solution in the industry.”
For more information, visit http://ir.firstform.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“Our new brand communicates to both current customers and potential customers that we continue to put our customer FIRST as we help them to FORM their vision into reality,” Jeromy Olson, chief executive officer of SFHI, stated in a news release earlier this year. “We look forward to providing continued excellence in our products and the delivery of world-class athletic facilities to the entire community of sport across the nation.”
Just before unveiling its rebranding efforts, SFHI announced that it was awarded its largest purchase order in company history for the creation or replacement of eight athletic fields owned by Richland County School District One in Columbia, South Carolina. The company beat out five major competitors to land the $5.8 million purchase order, and it’s successfully capitalized on the momentum provided by this contract in recent months.
In August, SFHI’s new PrimePlay™ turf systems were highlighted as a favorable alternative to potentially dangerous crumb rubber turf fields by the National Council of Youth Sports (NCYS), which represents over 200 member organizations serving more than 60 million registered youth athletes. FirstForm, Inc. was also approved by the NCYS as a ‘Recommended Provider’ of the replicated grass systems. In a recent news release, Olson took the opportunity to point out the important differences between existing crumb rubber turf products and SFHI’s PrimePlay™ alternatives.
“Existing crumb rubber turf products on the market are known to contain carcinogens, and their safety has been challenged by numerous national agencies,” he noted. “FirstForm’s infill products are all natural and organic and do not shift during play. We believe they are better and safer than anything else out there and can be tailored to nearly every sport.”
Leveraging this versatility, the company has also made moves to capitalize on new and emerging market opportunities by targeting the fast-growing indoor soccer and lacrosse facilities markets. This strategy appears to be sound, particularly when studying the current sports landscape across the country. According to data from IBISWorld, the indoor sports facilities market is valued at more than $900 million, and no companies currently have a dominant share of the niche. In order to better position itself within this market, SFHI has enlisted recognizable brand ambassadors from across the sporting community, including future NFL Hall of Famer Ray Lewis and former MLB pitcher Rick Honeycutt.
With a proven track record across multiple sports on both indoor and outdoor projects, SFHI’s potential for growth in the coming years is immense, and demand for sports turf appears to be on course to support this performance. According to a 2015 report by research firm ReportsnReports.com (http://nnw.fm/8xXV6), rising demand for quality playing surfaces is expected to spur a compound annual growth rate of 12 percent for the global artificial grass turf market from 2015 to 2019. With ongoing investigations into the safety of existing crumb rubber turf products, this forecast positions SFHI to greatly expand its market share moving forward.
“The safety and risks associated with crumb rubber remain an unknown to athletes, parents, and athletic facilities nationally, and we at Sports Field support the government’s investigation into their long-term health impacts,” concluded Olson. “We are pleased to be installing our unique alternatives with PrimePlay™. Our rubberless Replicated Grass™ and similar sport-specific turf products offer a compelling, crumb rubber-free solution in the industry.”
For more information, visit http://ir.firstform.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Medical Transcription Billing, Corp. (MTBC) (MTBCP) is Proving to be a HIT in Healthcare Information Technology
Medical practice has come a long way since the time when barber surgeons doctored to the masses. Physicians, in those early times, mostly attended to the wealthy. The ordinary man would have his blood let by the same tradesman who cut his hair. And although they had to earn a daily bread, no physician, presumably, took up the vocation because he considered it a business. Business enterprise was deemed vulgar and beneath one who took the Hippocratic Oath.
Today that stigma no longer stains commercial endeavor. The good medical practitioner can be a good businessperson as well. In fact, the modern Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Nurse Practitioner (NP) or Licensed Midwife (LM) must be. And the suite of Electronic Health Record (EHR), revenue cycle, transcription and data management applications from Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP) is helping those professionals be just that. In the healthcare information technology (HIT) market, the cloud-based business administration solutions from MTBC are proving to be quite a hit.
The healthcare landscape is rapidly changing. As in other industries, information technology is altering methodologies and holding out the promise to improve the quality of services while keeping costs down. The industry is under a mandate to move from a fee-for-service approach to a value-based reimbursement one. Under fee-for-service, providers are paid on volume: number of visits, number of tests, etc. With value-based reimbursement, other more sophisticated quality control metrics will be used.
To manage the data generated by these new performance measures requires wholesale adoption of new information technologies. In addition, there is an imperative for providers to move to electronic health record (EHR) systems. The Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the American Recovery and Reinvestment Act of 2009, provides incentives and penalties to physicians and others to adopt EHRs. These two developments have given rise to a virtually new field of healthcare information technology.
The chief financial officer of MTBC, Bill Korn, discussed the implications of these forces for the company with The Wall Street Transcript (TWST) (http://nnw.fm/U0wTE) and the opportunities lying ahead. Korn, a graduate of Harvard College and Harvard Business School, has been with Medical Transcription Billing since June 2013. He was a co-founder of the IBM Consulting Group, now IBM Global Services, the creation of which marked IBM’s highly successful transition from hardware to services. Korn has been CFO of six other growing technology businesses.
He described MTBC’s business:
“MTBC is a health care IT company. Our clients are doctors’ practices. We typically work with smaller practices, meaning one- to 10-doctor practices, and we provide them with a variety of services. We do their billing, submitting all the claims to insurance, preparing and mailing statements to their patients, and giving them electronic health record software that allows them to record notes of the visit. We provide practice management software for the front office staff to schedule appointments, check insurance eligibility, send out automated reminder calls and text messages about flu shots, etc.”
In addition to these services, practitioners and patients have access to a suite of mobile applications, including apps that the doctors can use to refill prescriptions, apps that the patients can use to look up their records, set up appointments, request prescription refills and check in when they arrive at the practice. Doctors who do not want to type their notes into the EHR can dictate into an app on their iPhone or Android, which will be sent automatically to MTBC personnel, who will listen to it and type the notes into the electronic health record software.
MTBC’s main competitive advantage is its ability and track record to deliver these services effectively and at a cost far less than any competitor. Part of the reason for this, Korn pointed out, is that the company has bought or established a number of overseas subsidiaries, sourcing expertise and talent for much less than is obtainable in the U.S. MTBC’s two largest offices are in Pakistan ‘where we employ 1,500 people at salaries of approximately one-tenth what you would pay in the United States for similarly skilled and educated labor.’
MTBC had 2015 revenues of $23.1 million, an increase of 26 percent over 2014. Now Korn wants to make a quantum leap to $230 million. Can MTBC pull it off?
According to a MarketsandMarkets report (http://nnw.fm/ocgL7), the global healthcare IT market is expected to grow at a CAGR of 13.4 percent over the next five years, from $117.7 billion in 2015 to $228.8 billion in 2020. Getting just 0.1 percent of that pie five years down the road would certainly do it.
For more information, visit www.mtbc.com, and see the company’s fact sheet at http://ir.mtbc.com/events.cfm.
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Today that stigma no longer stains commercial endeavor. The good medical practitioner can be a good businessperson as well. In fact, the modern Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Nurse Practitioner (NP) or Licensed Midwife (LM) must be. And the suite of Electronic Health Record (EHR), revenue cycle, transcription and data management applications from Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP) is helping those professionals be just that. In the healthcare information technology (HIT) market, the cloud-based business administration solutions from MTBC are proving to be quite a hit.
The healthcare landscape is rapidly changing. As in other industries, information technology is altering methodologies and holding out the promise to improve the quality of services while keeping costs down. The industry is under a mandate to move from a fee-for-service approach to a value-based reimbursement one. Under fee-for-service, providers are paid on volume: number of visits, number of tests, etc. With value-based reimbursement, other more sophisticated quality control metrics will be used.
To manage the data generated by these new performance measures requires wholesale adoption of new information technologies. In addition, there is an imperative for providers to move to electronic health record (EHR) systems. The Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the American Recovery and Reinvestment Act of 2009, provides incentives and penalties to physicians and others to adopt EHRs. These two developments have given rise to a virtually new field of healthcare information technology.
The chief financial officer of MTBC, Bill Korn, discussed the implications of these forces for the company with The Wall Street Transcript (TWST) (http://nnw.fm/U0wTE) and the opportunities lying ahead. Korn, a graduate of Harvard College and Harvard Business School, has been with Medical Transcription Billing since June 2013. He was a co-founder of the IBM Consulting Group, now IBM Global Services, the creation of which marked IBM’s highly successful transition from hardware to services. Korn has been CFO of six other growing technology businesses.
He described MTBC’s business:
“MTBC is a health care IT company. Our clients are doctors’ practices. We typically work with smaller practices, meaning one- to 10-doctor practices, and we provide them with a variety of services. We do their billing, submitting all the claims to insurance, preparing and mailing statements to their patients, and giving them electronic health record software that allows them to record notes of the visit. We provide practice management software for the front office staff to schedule appointments, check insurance eligibility, send out automated reminder calls and text messages about flu shots, etc.”
In addition to these services, practitioners and patients have access to a suite of mobile applications, including apps that the doctors can use to refill prescriptions, apps that the patients can use to look up their records, set up appointments, request prescription refills and check in when they arrive at the practice. Doctors who do not want to type their notes into the EHR can dictate into an app on their iPhone or Android, which will be sent automatically to MTBC personnel, who will listen to it and type the notes into the electronic health record software.
MTBC’s main competitive advantage is its ability and track record to deliver these services effectively and at a cost far less than any competitor. Part of the reason for this, Korn pointed out, is that the company has bought or established a number of overseas subsidiaries, sourcing expertise and talent for much less than is obtainable in the U.S. MTBC’s two largest offices are in Pakistan ‘where we employ 1,500 people at salaries of approximately one-tenth what you would pay in the United States for similarly skilled and educated labor.’
MTBC had 2015 revenues of $23.1 million, an increase of 26 percent over 2014. Now Korn wants to make a quantum leap to $230 million. Can MTBC pull it off?
According to a MarketsandMarkets report (http://nnw.fm/ocgL7), the global healthcare IT market is expected to grow at a CAGR of 13.4 percent over the next five years, from $117.7 billion in 2015 to $228.8 billion in 2020. Getting just 0.1 percent of that pie five years down the road would certainly do it.
For more information, visit www.mtbc.com, and see the company’s fact sheet at http://ir.mtbc.com/events.cfm.
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
eXp World Holdings, Inc. (EXPI) Announces Addition of Darren James Real Estate Team to eXp Realty
Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI), through eXp Realty, announced the latest addition to its Agent-Owned Cloud Brokerage® – Darren James of Darren James Real Estate Experts in Baton Rouge, Louisiana. In his 15 years operating in the real estate industry, James has earned a number of noteworthy honors, including being named the number one REALTOR® in the Gulf States region for total individual production in both 2014 and 2015. His brokerage has recorded similar success, with the Darren James Real Estate Experts team having been ranked just outside the top 50 in terms of transactions by the Wall Street Journal in 2015.
“The eXp Realty business model is more progressive and agent-centric than any I’ve seen in my 15 years in this business,” James noted in this morning’s news release. “This is a tremendous opportunity, not just for me and for my family, but for all of the agents who have been great and loyal contributors to my success.”
James will be officially introduced to the eXp Realty community during this week’s leadership meeting, which can be viewed on the company’s YouTube channel (http://nnw.fm/Sa2Mc) on Friday at 11:00 am ET.
eXp Realty has been in a period of rapid growth for much of 2016, and it continues to attract leading real estate professionals from across North America with its aggressive revenue sharing program and collaborative, cloud-based resources. Earlier this month, the company announced that its family of agents and brokers had grown to include more than 1,900 members across 41 markets in the United States and Canada, representing an increase of roughly 120 percent from the beginning of this year. EXPI aims to build on this growth throughout the balance of 2016, expanding beyond 2,200 agents by year end.
“Increasingly, eXp Realty is the destination for top producing teams and for brokerage owners looking to increase profitability, achieve scalable growth across markets, and deliver the opportunity of ownership to their valued agents and team members,” Jason Gesing, chief executive officer of eXp Realty, stated in this morning’s news release. “As a company, we are committed to offering a value proposition that is so strong that it would be professionally irresponsible for an agent to affiliate with any other brokerage.”
The announcement that Darren James and his real estate team have joined the Agent-Owned Cloud Brokerage® comes on the heels of two similar announcements over the past two weeks. On October 14, the company announced the addition of Miguel Herrera, the top international luxury agent in all of South Texas, to the eXp team. EXPI followed up on this announcement on October 17 when Sacramento’s Brent Gove team, one of the top real estate teams in California, joined the growing brokerage company. The opportunity for agents and brokers to become owners through eXp Realty’s innovative business model is proving enticing for top real estate professionals from a number of markets.
“The eXp Realty business model is the strongest in the industry,” Herrera noted in a recent news release. “This is the future of real estate and I want to be a part of it.”
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“The eXp Realty business model is more progressive and agent-centric than any I’ve seen in my 15 years in this business,” James noted in this morning’s news release. “This is a tremendous opportunity, not just for me and for my family, but for all of the agents who have been great and loyal contributors to my success.”
James will be officially introduced to the eXp Realty community during this week’s leadership meeting, which can be viewed on the company’s YouTube channel (http://nnw.fm/Sa2Mc) on Friday at 11:00 am ET.
eXp Realty has been in a period of rapid growth for much of 2016, and it continues to attract leading real estate professionals from across North America with its aggressive revenue sharing program and collaborative, cloud-based resources. Earlier this month, the company announced that its family of agents and brokers had grown to include more than 1,900 members across 41 markets in the United States and Canada, representing an increase of roughly 120 percent from the beginning of this year. EXPI aims to build on this growth throughout the balance of 2016, expanding beyond 2,200 agents by year end.
“Increasingly, eXp Realty is the destination for top producing teams and for brokerage owners looking to increase profitability, achieve scalable growth across markets, and deliver the opportunity of ownership to their valued agents and team members,” Jason Gesing, chief executive officer of eXp Realty, stated in this morning’s news release. “As a company, we are committed to offering a value proposition that is so strong that it would be professionally irresponsible for an agent to affiliate with any other brokerage.”
The announcement that Darren James and his real estate team have joined the Agent-Owned Cloud Brokerage® comes on the heels of two similar announcements over the past two weeks. On October 14, the company announced the addition of Miguel Herrera, the top international luxury agent in all of South Texas, to the eXp team. EXPI followed up on this announcement on October 17 when Sacramento’s Brent Gove team, one of the top real estate teams in California, joined the growing brokerage company. The opportunity for agents and brokers to become owners through eXp Realty’s innovative business model is proving enticing for top real estate professionals from a number of markets.
“The eXp Realty business model is the strongest in the industry,” Herrera noted in a recent news release. “This is the future of real estate and I want to be a part of it.”
For more information, visit the company’s website at www.eXpWorldHoldings.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Tuesday, October 25, 2016
OurPet’s Company (OPCO) Achieves Record Results for Third Quarter 2016
Before the opening bell, OurPet’s Company (OTCQX: OPCO) reported record revenue of $7.26 million for the fiscal quarter ended September 30, 2016, marking a year-over-year increase of 21 percent. The company’s net income for the three-month period of $495,669, or $0.025 per share, was also up 21 percent from the previous year. All told, when discounting the effects of a one-time U.S. Custom exam refund of $94,000 that was received during the third quarter of 2015, OPCO’s adjusted net income grew by a staggering 57 percent between the third quarters of 2015 and 2016. Dr. Steven Tsengas, president and chief executive officer of OurPet’s Company, reiterated the strong results in this morning’s update.
“With the resumption of shipments to our major specialty pet retail customer, we were firing on all cylinders this past quarter,” he stated. “With the strong third-quarter sales, we are up almost 10% for the nine months of 2016, more than double the pet industry average.”
To view OurPet’s Company’s full third quarter results, visit http://nnw.fm/dcQ7U
Over the years, OurPet’s Company has established a position in the growing global pet products industry through a commitment to quality and innovation, and this dedication played a key role in the company’s third quarter growth. Leveraging a sizable intellectual property portfolio that includes more than 170 patents in either issued or pending status, OPCO recently commenced initial shipments of both its environmentally-friendly Switchgrass Natural Cat Litter™ with BioChar (http://nnw.fm/YzlA3) and its technology-powered Intelligent Pet Care™ product line (http://nnw.fm/a6X97). Based upon the early market acceptance of these innovations and initial sales bookings for the month of October, OPCO’s management team is currently “guardedly optimistic” about the company’s prospects for sustained growth in the fourth quarter of 2016 and beyond.
“Beyond 2016, our strategy is to achieve double-digit growth in sales and net income with an emphasis on developing and launching proprietary, innovative products and entering appropriate new market segments,” continued Tsengas.
Central to these development efforts is a newly-announced partnership with Paulee Cleantec Ltd., an international leader in eco-friendly solutions for the management of human and animal waste. Through this partnership, the two companies will seek to jointly develop and commercialize a portable solution to the growing environmental concerns associated with improperly managed pet waste. Paulee Cleantec has already developed a powerful proof-of-concept waste system that uses an exothermic oxidation process to “convert animal feces into an odor-free ash fertilizer in less than a minute.”
“In addition, we recently completed contracts with a leading direct TV (DRTV) marketing company to test market several of our new electronic interactive cat toys for a possible DRTV campaign to launch sometime in the second quarter of 2017,” added Tsengas. “We have many ‘irons in the fire’ and are very excited about the future.”
For more information, visit the company’s website at www.OurPets.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“With the resumption of shipments to our major specialty pet retail customer, we were firing on all cylinders this past quarter,” he stated. “With the strong third-quarter sales, we are up almost 10% for the nine months of 2016, more than double the pet industry average.”
To view OurPet’s Company’s full third quarter results, visit http://nnw.fm/dcQ7U
Over the years, OurPet’s Company has established a position in the growing global pet products industry through a commitment to quality and innovation, and this dedication played a key role in the company’s third quarter growth. Leveraging a sizable intellectual property portfolio that includes more than 170 patents in either issued or pending status, OPCO recently commenced initial shipments of both its environmentally-friendly Switchgrass Natural Cat Litter™ with BioChar (http://nnw.fm/YzlA3) and its technology-powered Intelligent Pet Care™ product line (http://nnw.fm/a6X97). Based upon the early market acceptance of these innovations and initial sales bookings for the month of October, OPCO’s management team is currently “guardedly optimistic” about the company’s prospects for sustained growth in the fourth quarter of 2016 and beyond.
“Beyond 2016, our strategy is to achieve double-digit growth in sales and net income with an emphasis on developing and launching proprietary, innovative products and entering appropriate new market segments,” continued Tsengas.
Central to these development efforts is a newly-announced partnership with Paulee Cleantec Ltd., an international leader in eco-friendly solutions for the management of human and animal waste. Through this partnership, the two companies will seek to jointly develop and commercialize a portable solution to the growing environmental concerns associated with improperly managed pet waste. Paulee Cleantec has already developed a powerful proof-of-concept waste system that uses an exothermic oxidation process to “convert animal feces into an odor-free ash fertilizer in less than a minute.”
“In addition, we recently completed contracts with a leading direct TV (DRTV) marketing company to test market several of our new electronic interactive cat toys for a possible DRTV campaign to launch sometime in the second quarter of 2017,” added Tsengas. “We have many ‘irons in the fire’ and are very excited about the future.”
For more information, visit the company’s website at www.OurPets.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Monday, October 24, 2016
Medical Transcription Billing (MTBC) Expects Significant Revenue Growth after MediGain Acquisition, Expands Team
Leading healthcare information technology provider Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this month completed its acquisition of medical billing company MediGain in a move widely expected to significantly boost its overall revenue in 2017 and offer improved services to its now enhanced customer base. According to Medical Transcription Billing Chief Financial Officer Bill Korn, the $7 million acquisition of Texas-based MediGain, LLC and its New Jersey subsidiary Millennium Practice Management, LLC, is the largest acquisition in the history of his company.
Medical Transcription Billing has made an initial payment of $2 million for the MediGain assets and will pay an additional $5 million in early 2017. This is a significant discount compared to the industry norm of greater than one times revenue, Korn explained. For organic growth, one of the largest IT companies in the healthcare industry, athenahealth (NASDAQ: ATHN), spent roughly $230 million on sales and marketing last year, with a revenue growth of $172 million, so MTBC paid less than others might spend to grow the business organically.
The deal marks a major corporate milestone for MTBC and shows the power of its acquisition-based growth strategy, Korn said. He added that the revenue cycle management customer accounts and other assets acquired from MediGain have annual revenues of more than $10 million, which is expected to contribute significantly to Medical Transcription Billing’s revenue growth in 2017. In turn, the company expects to greatly improve its operations and services as a direct result of this revenue growth, which will most likely push MTBC further up the list of top providers of technological solutions to the healthcare industry, alongside companies such as athenahealth. In addition, the profits resulting from the MediGain acquisition are expected to exceed the company’s capital costs, so the transaction should be accretive to the shareholders next year.
Another direct result of the MediGain acquisition is the expansion of Medical Transcription Billing’s team. The acquisition enabled the company to add many new members to its North America team and expand its team in Asia to additional countries such as India and Sri Lanka, where there is a highly-qualified and cost effective medical billing workforce. In Sri Lanka, for instance, MTBC now has the largest team of healthcare technology professionals in the country. Also part of the acquisition, MediGain’s former chief operating officer, Gary Smith, will now lead MediGain Practice Management.
As it integrates MediGain and the new revenue cycle management customer accounts, Medical Transcription Billing will continue to leverage its proprietary technology and global team of professionals to improve operations and provide world-class service to all its clients. The company is already serving a wide range of healthcare entities and customers, from individual physicians to medium size medical practices, and has partnered with various healthcare organizations to expand its reach nationwide and globally.
For the Seeking Alpha article on MTBC’s Acquisition of MediGain, visit http://nnw.fm/vR1Qk, and see http://nnw.fm/J2Hhh for additional articles relating to MTBC.
For more information, visit www.MTBC.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Medical Transcription Billing has made an initial payment of $2 million for the MediGain assets and will pay an additional $5 million in early 2017. This is a significant discount compared to the industry norm of greater than one times revenue, Korn explained. For organic growth, one of the largest IT companies in the healthcare industry, athenahealth (NASDAQ: ATHN), spent roughly $230 million on sales and marketing last year, with a revenue growth of $172 million, so MTBC paid less than others might spend to grow the business organically.
The deal marks a major corporate milestone for MTBC and shows the power of its acquisition-based growth strategy, Korn said. He added that the revenue cycle management customer accounts and other assets acquired from MediGain have annual revenues of more than $10 million, which is expected to contribute significantly to Medical Transcription Billing’s revenue growth in 2017. In turn, the company expects to greatly improve its operations and services as a direct result of this revenue growth, which will most likely push MTBC further up the list of top providers of technological solutions to the healthcare industry, alongside companies such as athenahealth. In addition, the profits resulting from the MediGain acquisition are expected to exceed the company’s capital costs, so the transaction should be accretive to the shareholders next year.
Another direct result of the MediGain acquisition is the expansion of Medical Transcription Billing’s team. The acquisition enabled the company to add many new members to its North America team and expand its team in Asia to additional countries such as India and Sri Lanka, where there is a highly-qualified and cost effective medical billing workforce. In Sri Lanka, for instance, MTBC now has the largest team of healthcare technology professionals in the country. Also part of the acquisition, MediGain’s former chief operating officer, Gary Smith, will now lead MediGain Practice Management.
As it integrates MediGain and the new revenue cycle management customer accounts, Medical Transcription Billing will continue to leverage its proprietary technology and global team of professionals to improve operations and provide world-class service to all its clients. The company is already serving a wide range of healthcare entities and customers, from individual physicians to medium size medical practices, and has partnered with various healthcare organizations to expand its reach nationwide and globally.
For the Seeking Alpha article on MTBC’s Acquisition of MediGain, visit http://nnw.fm/vR1Qk, and see http://nnw.fm/J2Hhh for additional articles relating to MTBC.
For more information, visit www.MTBC.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Singlepoint, Inc. (SING) CEO Offers Audit Update on MoneyTV with Donald Baillargeon
Singlepoint, Inc. (OTC: SING) was announced as a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” The show includes informative interviews with company CEOs, offering prospective investors insight into their operations and outlooks for the future.
To view this week’s program, visit www.MoneyTV.net
In this week’s interview, Greg Lambrecht, chief executive officer of Singlepoint, takes some time to update the company’s shareholders on the progress of its ongoing audit and planned uplisting to the OTCQB Venture Marketplace. Lambrecht stated that the company is currently “on the last couple questions” and hopes to issue a news release in the next week explaining that the audit is complete. By becoming a fully reporting company, Singlepoint expects to be better positioned to bolster its financial performance in the coming months, as noted by Lambrecht.
“The thing that we’re excited about is the future plan for the company… to grow the revenue through acquisition,” he stated. “We have some acquisition targets already in place and some funders on Wall Street. We’re just waiting for this audit to get done so we can move forward with that second plan.”
Donald Baillargeon referred to the impending uplisting as a “tremendous milestone” for Singlepoint, strategically positioning the company to attract financing and implement a more aggressive merger and acquisition strategy. Baillargeon goes on to note that a company listed on the OTC Pink Open Market has much more limited access to financers and investors than a company listed on the OTCQB Venture Marketplace.
Lambrecht finished off the MoneyTV interview by offering an update on Singlepoint’s operations in the daily fantasy sports industry. He noted that DraftFury, which Singlepoint acquired an interest in earlier this year, is “doing quite well” following the start of the NFL season and primed to benefit from the recent decision by many states to remove the “gray area” surrounding fantasy sports by solidifying its legality.
“The future looks bright,” Lambrecht concluded.
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
To view this week’s program, visit www.MoneyTV.net
In this week’s interview, Greg Lambrecht, chief executive officer of Singlepoint, takes some time to update the company’s shareholders on the progress of its ongoing audit and planned uplisting to the OTCQB Venture Marketplace. Lambrecht stated that the company is currently “on the last couple questions” and hopes to issue a news release in the next week explaining that the audit is complete. By becoming a fully reporting company, Singlepoint expects to be better positioned to bolster its financial performance in the coming months, as noted by Lambrecht.
“The thing that we’re excited about is the future plan for the company… to grow the revenue through acquisition,” he stated. “We have some acquisition targets already in place and some funders on Wall Street. We’re just waiting for this audit to get done so we can move forward with that second plan.”
Donald Baillargeon referred to the impending uplisting as a “tremendous milestone” for Singlepoint, strategically positioning the company to attract financing and implement a more aggressive merger and acquisition strategy. Baillargeon goes on to note that a company listed on the OTC Pink Open Market has much more limited access to financers and investors than a company listed on the OTCQB Venture Marketplace.
Lambrecht finished off the MoneyTV interview by offering an update on Singlepoint’s operations in the daily fantasy sports industry. He noted that DraftFury, which Singlepoint acquired an interest in earlier this year, is “doing quite well” following the start of the NFL season and primed to benefit from the recent decision by many states to remove the “gray area” surrounding fantasy sports by solidifying its legality.
“The future looks bright,” Lambrecht concluded.
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
ContraVir Pharmaceuticals, Inc. (CTRV) Set to Shake Up HBV Therapy Market with Combination Therapy Based on CMX157 & CRV431
A constant theme that comes up in and often dominates the leading edge of the biopharma sector is the building of better mousetraps. This is certainly the case for New Jersey-based biopharma developer ContraVir Pharmaceuticals (NASDAQ: CTRV), whose phase 2a clinical antiviral candidate CMX157 (http://nnw.fm/3nDCh) is knocking loudly on the door of Gilead Sciences’ (NASDAQ: GILD) Viread® (TDF, or tenofovir disoproxil fumarate) in chronic hepatitis B virus (HBV).
Coming out of the box strong after notably successful phase 1 safety and efficacy trials, ContraVir was quite proud to recently announce (http://nnw.fm/rU7We) that the ongoing head-to-head phase 2a (multiple ascending dose) clinical study of its highly potent prodrug of tenofovir (TFV), CMX157, is showing serious potential versus Viread. With data points like a 99 percent reduction in viral load (http://nnw.fm/3oIBo) among patients orally dosed with 25 mg of CMX157, compared to a 300 mg TDF dose, the company is obviously excited about CMX157’s ability to deliver significant viral load reduction safely, at a much lower dose. Delimiting systemic/liver toxicity issues has long been the industry brass ring, and it now looks like that goal is considerably within CTRV’s striking distance.
ContraVir sees CMX157 as the backbone of a rapidly emerging combination therapy approach to HBV, where the liver-targeting capabilities of its prodrug candidate help to reduce impact to other tissue systems. There are a list of significant potential advantages for CMX157 over something like Viread at the point of sale, and ContraVir is bucking hard to not only cure HBV, but slice off an ever larger piece of the global HBV therapeutics market, a market that is on track to do a modest 2.4% CAGR through 2024, when it will reach upwards of $3 billion (http://nnw.fm/rK7rG). The enhanced bioavailability of CMX157’s novel structure compared to existing indications (which also helps deal with liver damage by reducing the indication’s overall circulatory footprint), is now starting to really come to light through the latest clinical results.
Early on, when the company began touting CMX157’s ability to exploit natural lipid uptake mechanisms, and how this candidate showed in vitro HBV aggression 97 times greater than TFV during its phase 1 days, investors should’ve been paying closer attention. The data from this latest clinical work is consistent with extant data stretching back to preclinical work on CMX157, and with around 786,000 people dying worldwide each year (http://nnw.fm/4OJf2) (mostly due to HBV-related liver disease like cirrhosis and liver cancer) from HBV, ContraVir’s work has become a hot topic. CMX157 has previously been found to be well tolerated at dosages up to 100 mg, so the fact that this stuff is basically doing Viread numbers at 25 mg already spells big things for the ongoing dose escalation work being conducted by CTRV.
CMX157 is just the tip of the proverbial iceberg that is ContraVir’s growing pipeline of candidates, a pipeline which includes an impressive next-gen cyclophilin inhibitor with enhanced potency and selectivity, known as CRV431 (http://nnw.fm/Ox32h). With IND-enabling study work in the offing and a target sometime next year for CRV431 clinical trials, CTRV is really shaping up to be one of the leading alternative HBV therapy developers. CRV431’s ability to attack the life cycle of HBV at numerous points along the arc is a key advantage, and that combination therapy strategy the company keeps pushing really starts to make sense when you take a closer look at the potential advantages of CRV431.
These advantages include a sharp reduction in HBV DNA (in vivo), without toxicity, meaning that liver fibrosis can be hugely downgraded as a complication. Pair that up with a demonstrated ability to actually block entry for HBV into liver cells, and it is little wonder that ContraVir is looking to the horizon for a combination approach with CMX157 as the situation commander, and ancillary indications like best-in-class potency CRV431 on street-sweeper detail. Talk about laying down cover fire: CRV431 is anticipated to be effective against all HBV genotypes, offers broad-spectrum blockage of a large portion of specific HBV protein interaction with host cell cyclophilins, and provides a clearly complementary method of action for CMX157.
In short, the company has both the vision and the technology to deliver on a promise to HBV patients that first became apparent with the emergence of what is now basically a lifetime cure for hepatitis C. The HBV field has been driving hard toward this goal, inspired by what has been done in hepatitis C, and it now appears that New Jersey’s own CTRV could be the one to run this ball into the end zone. Moreover, it was very encouraging to investors to see how the New Jersey Economic Development Authority’s highly competitive Technology Business Tax Certificate Transfer Program (which allows New Jersey-based companies to sell R&D tax credits or net operating losses for up to 80 percent of value), provided $1.8 million in non-dilutive funding (http://nnw.fm/Gzd83) for CTRV, which has been instrumental for this homegrown biopharma success story to put the pedal to the metal on its HBV pipeline.
Hepatitis B is most prevalent in the regions of sub-Saharan Africa and East Asia, where as much as 10 percent of the population in certain areas is chronically infected. Globally, the number of infected ranges upwards of the CDC/WHO official figure of 240 million, and with as many as 2.2 million chronic hepatitis B cases in the U.S. alone, CTRV’s technology could mean that the company is sitting on a potential goldmine, a goldmine that could provide a beacon of hope for millions.
The broader therapeutics market for liver diseases was around $7.5 billion in 2014, and a recent report published by Grand View Research sees the antiviral segment as the most promising, with 8.9 percent growth anticipated through 2022 (http://nnw.fm/Li3Fa). The overall liver disease therapy market is on track to surpass $12 billion during that same interval, with the Asia Pacific region expected to do a CAGR similar to the antiviral segment, running around 8.8 percent. There is a huge external market for CTRV, and the possibilities of pipeline commercialization are indeed tantalizing.
Many investors are already talking about how instrumental the addition of biotech veteran Thomas H. Adams, Ph.D., to the CTRV Board back in September has been with regard to all of this, by the way. After all, this is the guy who founded antisense biotech innovator Genta, as well as Gen-Probe, which was acquired by the same Chugai Pharmaceutical (http://nnw.fm/42QBl) that later ended up in a strategic alliance with biopharma juggernaut Roche (OTC: RHHBY). Even without addressing the company’s pivotal phase 3 trial of its FV-100 indication, engineered to reduce incident rates and severity of shingles (herpes zoster), as well as the severe post-herpetic neuralgia (PHN) pain associated with shingles – CTRV is the kind of near-commercialization contender that many biopharma investors dream of.
The market for FV-100 shows a lot of upside potential, in particular, due to a rapidly accumulating adult population across developed countries. In the U.S., the number of persons 65 years and older is projected to go from just 14.5 percent of the overall population two years ago, to 21.7 percent or more of total population by 2040 (http://nnw.fm/EGw4t). FV-100 has demonstrated safety and efficacy with clinically meaningful reduction in PHN rates versus GlaxoSmithKline’s (NYSE: GSK) Valtrex® (valacyclovir).
With as much as 10 percent fewer of 350 patients treated with FV-100 requiring some form of narcotics for pain control, this fast-acting, low-dose, once-daily, oral antiviral could really become one of CTRV’s money makers. PHN is the most common/clinically relevant complication with shingles, and FV-100’s pivotal phase 3 trial could spell much needed relief, especially for elderly patients who already have trouble sleeping, or who suffer from other quality of life-diminishing problems associated with shingles.
There is a lot to like about ContraVir, take a closer look by visiting www.Contravir.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Coming out of the box strong after notably successful phase 1 safety and efficacy trials, ContraVir was quite proud to recently announce (http://nnw.fm/rU7We) that the ongoing head-to-head phase 2a (multiple ascending dose) clinical study of its highly potent prodrug of tenofovir (TFV), CMX157, is showing serious potential versus Viread. With data points like a 99 percent reduction in viral load (http://nnw.fm/3oIBo) among patients orally dosed with 25 mg of CMX157, compared to a 300 mg TDF dose, the company is obviously excited about CMX157’s ability to deliver significant viral load reduction safely, at a much lower dose. Delimiting systemic/liver toxicity issues has long been the industry brass ring, and it now looks like that goal is considerably within CTRV’s striking distance.
ContraVir sees CMX157 as the backbone of a rapidly emerging combination therapy approach to HBV, where the liver-targeting capabilities of its prodrug candidate help to reduce impact to other tissue systems. There are a list of significant potential advantages for CMX157 over something like Viread at the point of sale, and ContraVir is bucking hard to not only cure HBV, but slice off an ever larger piece of the global HBV therapeutics market, a market that is on track to do a modest 2.4% CAGR through 2024, when it will reach upwards of $3 billion (http://nnw.fm/rK7rG). The enhanced bioavailability of CMX157’s novel structure compared to existing indications (which also helps deal with liver damage by reducing the indication’s overall circulatory footprint), is now starting to really come to light through the latest clinical results.
Early on, when the company began touting CMX157’s ability to exploit natural lipid uptake mechanisms, and how this candidate showed in vitro HBV aggression 97 times greater than TFV during its phase 1 days, investors should’ve been paying closer attention. The data from this latest clinical work is consistent with extant data stretching back to preclinical work on CMX157, and with around 786,000 people dying worldwide each year (http://nnw.fm/4OJf2) (mostly due to HBV-related liver disease like cirrhosis and liver cancer) from HBV, ContraVir’s work has become a hot topic. CMX157 has previously been found to be well tolerated at dosages up to 100 mg, so the fact that this stuff is basically doing Viread numbers at 25 mg already spells big things for the ongoing dose escalation work being conducted by CTRV.
CMX157 is just the tip of the proverbial iceberg that is ContraVir’s growing pipeline of candidates, a pipeline which includes an impressive next-gen cyclophilin inhibitor with enhanced potency and selectivity, known as CRV431 (http://nnw.fm/Ox32h). With IND-enabling study work in the offing and a target sometime next year for CRV431 clinical trials, CTRV is really shaping up to be one of the leading alternative HBV therapy developers. CRV431’s ability to attack the life cycle of HBV at numerous points along the arc is a key advantage, and that combination therapy strategy the company keeps pushing really starts to make sense when you take a closer look at the potential advantages of CRV431.
These advantages include a sharp reduction in HBV DNA (in vivo), without toxicity, meaning that liver fibrosis can be hugely downgraded as a complication. Pair that up with a demonstrated ability to actually block entry for HBV into liver cells, and it is little wonder that ContraVir is looking to the horizon for a combination approach with CMX157 as the situation commander, and ancillary indications like best-in-class potency CRV431 on street-sweeper detail. Talk about laying down cover fire: CRV431 is anticipated to be effective against all HBV genotypes, offers broad-spectrum blockage of a large portion of specific HBV protein interaction with host cell cyclophilins, and provides a clearly complementary method of action for CMX157.
In short, the company has both the vision and the technology to deliver on a promise to HBV patients that first became apparent with the emergence of what is now basically a lifetime cure for hepatitis C. The HBV field has been driving hard toward this goal, inspired by what has been done in hepatitis C, and it now appears that New Jersey’s own CTRV could be the one to run this ball into the end zone. Moreover, it was very encouraging to investors to see how the New Jersey Economic Development Authority’s highly competitive Technology Business Tax Certificate Transfer Program (which allows New Jersey-based companies to sell R&D tax credits or net operating losses for up to 80 percent of value), provided $1.8 million in non-dilutive funding (http://nnw.fm/Gzd83) for CTRV, which has been instrumental for this homegrown biopharma success story to put the pedal to the metal on its HBV pipeline.
Hepatitis B is most prevalent in the regions of sub-Saharan Africa and East Asia, where as much as 10 percent of the population in certain areas is chronically infected. Globally, the number of infected ranges upwards of the CDC/WHO official figure of 240 million, and with as many as 2.2 million chronic hepatitis B cases in the U.S. alone, CTRV’s technology could mean that the company is sitting on a potential goldmine, a goldmine that could provide a beacon of hope for millions.
The broader therapeutics market for liver diseases was around $7.5 billion in 2014, and a recent report published by Grand View Research sees the antiviral segment as the most promising, with 8.9 percent growth anticipated through 2022 (http://nnw.fm/Li3Fa). The overall liver disease therapy market is on track to surpass $12 billion during that same interval, with the Asia Pacific region expected to do a CAGR similar to the antiviral segment, running around 8.8 percent. There is a huge external market for CTRV, and the possibilities of pipeline commercialization are indeed tantalizing.
Many investors are already talking about how instrumental the addition of biotech veteran Thomas H. Adams, Ph.D., to the CTRV Board back in September has been with regard to all of this, by the way. After all, this is the guy who founded antisense biotech innovator Genta, as well as Gen-Probe, which was acquired by the same Chugai Pharmaceutical (http://nnw.fm/42QBl) that later ended up in a strategic alliance with biopharma juggernaut Roche (OTC: RHHBY). Even without addressing the company’s pivotal phase 3 trial of its FV-100 indication, engineered to reduce incident rates and severity of shingles (herpes zoster), as well as the severe post-herpetic neuralgia (PHN) pain associated with shingles – CTRV is the kind of near-commercialization contender that many biopharma investors dream of.
The market for FV-100 shows a lot of upside potential, in particular, due to a rapidly accumulating adult population across developed countries. In the U.S., the number of persons 65 years and older is projected to go from just 14.5 percent of the overall population two years ago, to 21.7 percent or more of total population by 2040 (http://nnw.fm/EGw4t). FV-100 has demonstrated safety and efficacy with clinically meaningful reduction in PHN rates versus GlaxoSmithKline’s (NYSE: GSK) Valtrex® (valacyclovir).
With as much as 10 percent fewer of 350 patients treated with FV-100 requiring some form of narcotics for pain control, this fast-acting, low-dose, once-daily, oral antiviral could really become one of CTRV’s money makers. PHN is the most common/clinically relevant complication with shingles, and FV-100’s pivotal phase 3 trial could spell much needed relief, especially for elderly patients who already have trouble sleeping, or who suffer from other quality of life-diminishing problems associated with shingles.
There is a lot to like about ContraVir, take a closer look by visiting www.Contravir.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Net Element, Inc. (NETE) Offering Specialized Payment Processing, Data Analytics for Retail Industry
As a global technology group specialized in mobile payments and other transactional services, Net Element, Inc. (NASDAQ: NETE) offers a wide range of next-generation point of sale, online or mobile payment solutions, as well as access to intelligent data analytics, business management, and related services. Via its subsidiary, Unified Payments, the group is targeting the retail market in particular by providing merchants with a unique suite of business solutions ranging from payment processing to fraud detection and more.
Ranked #1 by Inc. 500 Magazine, Unified Payments (http://nnw.fm/uNm7H) was the fastest growing in America in 2012 and has been growing and developing at a steady pace ever since then through its customized, award-winning payment solutions for small and medium-sized enterprises. Now a leading provider of bankcard payment processing services in the United States, Unified Payments enables merchants to accept cashless transactions by providing them with a variety of point-of-sale hardware and software solutions, from card readers, transaction processing and fraud detection to business management services, including risk management, merchant business analytics and 24/7 merchant assistance.
Unified Payments allows its merchant customers to accept a wide range of payment options, such as Visa® (NYSE: V), AMEX® (NYSE: AXP), MasterCard® (NYSE: MA), Discover® (NYSE: DFS), gift cards, debit cards and Apple Pay® (NASDAQ: AAPL), with a variety of state-of-the-art point-of-sale solutions and terminals with Near Field Communications (NFC) capability that are also EMV complaint. The company also offers a loyalty card and free gift program to help merchants drive sales, engage customers and increase their loyalty via personalized incentives.
One of the most innovative services in the company’s roster is Unified Payments Insights – essentially an online business dashboard for its merchant customers that offers them a comprehensive view of their businesses. This proprietary analytics platform provides a powerful suite of information never available to small and medium-sized merchants before. With Unified Payments Insights, merchants can access various reports and analytics data to help them evaluate and understand their business’s performance, address any possible issues and eventually increase their sales and revenue.
The platform offers merchants the possibility of comparing their current online reputation, revenue or social media activity to their past performance or to other similar businesses. Users can also check their local revenue rank, monitor their closest competitors and assess the impact various factors have on their revenue, such as bad weather or how active they are on social media. They can also see and keep track of customer reviews on various platforms including Twitter (NYSE: TWTR), Facebook (NASDAQ: FB), OpenTable (NASDAQ: PCLN), TripAdvisor (NASDAQ: TRIP), Yelp (NYSE: YELP), Foursquare and others, all of them gathered in a single feed right on their dashboard.
Unified Payments is just one of the several payment processing solutions Net Element offers. Under the umbrella of global mobile payments and transactional processing provider TOT Group, Inc., the company also operates PayOnline – a fully integrated electronic commerce platform, Aptito – a next generation cloud-based point-of-sale payment platform, Restoactive – a digital add-ons provider for legacy point-of-sale systems in the hospitality industry, Digital Provider – a provider of mobile and SMS billing solutions, and more.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Ranked #1 by Inc. 500 Magazine, Unified Payments (http://nnw.fm/uNm7H) was the fastest growing in America in 2012 and has been growing and developing at a steady pace ever since then through its customized, award-winning payment solutions for small and medium-sized enterprises. Now a leading provider of bankcard payment processing services in the United States, Unified Payments enables merchants to accept cashless transactions by providing them with a variety of point-of-sale hardware and software solutions, from card readers, transaction processing and fraud detection to business management services, including risk management, merchant business analytics and 24/7 merchant assistance.
Unified Payments allows its merchant customers to accept a wide range of payment options, such as Visa® (NYSE: V), AMEX® (NYSE: AXP), MasterCard® (NYSE: MA), Discover® (NYSE: DFS), gift cards, debit cards and Apple Pay® (NASDAQ: AAPL), with a variety of state-of-the-art point-of-sale solutions and terminals with Near Field Communications (NFC) capability that are also EMV complaint. The company also offers a loyalty card and free gift program to help merchants drive sales, engage customers and increase their loyalty via personalized incentives.
One of the most innovative services in the company’s roster is Unified Payments Insights – essentially an online business dashboard for its merchant customers that offers them a comprehensive view of their businesses. This proprietary analytics platform provides a powerful suite of information never available to small and medium-sized merchants before. With Unified Payments Insights, merchants can access various reports and analytics data to help them evaluate and understand their business’s performance, address any possible issues and eventually increase their sales and revenue.
The platform offers merchants the possibility of comparing their current online reputation, revenue or social media activity to their past performance or to other similar businesses. Users can also check their local revenue rank, monitor their closest competitors and assess the impact various factors have on their revenue, such as bad weather or how active they are on social media. They can also see and keep track of customer reviews on various platforms including Twitter (NYSE: TWTR), Facebook (NASDAQ: FB), OpenTable (NASDAQ: PCLN), TripAdvisor (NASDAQ: TRIP), Yelp (NYSE: YELP), Foursquare and others, all of them gathered in a single feed right on their dashboard.
Unified Payments is just one of the several payment processing solutions Net Element offers. Under the umbrella of global mobile payments and transactional processing provider TOT Group, Inc., the company also operates PayOnline – a fully integrated electronic commerce platform, Aptito – a next generation cloud-based point-of-sale payment platform, Restoactive – a digital add-ons provider for legacy point-of-sale systems in the hospitality industry, Digital Provider – a provider of mobile and SMS billing solutions, and more.
For more information, visit www.NetElement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Thursday, October 20, 2016
Medical Transcription Billing, Corp. (MTBC) CFO Featured in Exclusive NetworkNewsWire Interview
Before the opening bell, NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of communication solutions for business, announced the online availability of an interview with Bill Korn, chief financial officer of Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP). During the interview, Korn joined NNW’s Stuart Smith to discuss MTBC’s operations, recent achievements and the company’s ongoing execution of an acquisition-based growth strategy in order to maintain a competitive edge in the sizable healthcare IT market.
“MTBC has two cores strengths that distinguish us from most of the 1,500 other healthcare IT companies,” Korn explained in the interview. “We have an integrated cloud-based technology platform, which we developed in-house, and we have wholly owned offshore subsidiaries with 1,600 employees in four countries, with labor costs that average about 10% of the labor costs in the U.S. This allows us to provide services which are labor intensive even though we use our technology, and we can deliver these services much less expensively than our customers or competitors can provide them.”
To hear the full interview, visit http://nnw.fm/mtbc-interview-oct-2016
Thus far in 2016, MTBC has successfully achieved a number of milestones. The company has recorded three quarters of positive EBITDA since its IPO in 2014; raised $7.5 million of non-convertible stock on the NASDAQ; and, earlier this month, closed on the acquisition of MediGain, LLC and its Millennium Practice Management, LLC affiliate, marking MTBC’s largest acquisition to-date. The MediGain acquisition was not only completed at “a significant discount as compared to the industry norm,” according to Korn, it is also expected to play a major role in MTBC’s efforts to promote financial growth in the coming months, with the company’s CFO predicting that the acquisition “should be accretive to… shareholders in 2017.”
“We believe that our newly acquired business will contribute to our positive adjusted EBITDA by the first quarter of 2017,” Korn concluded. “By growing our overall revenue greatly through this acquisition, MTBC expects to generate significant operating leverage.”
For more information, visit www.MTBC.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“MTBC has two cores strengths that distinguish us from most of the 1,500 other healthcare IT companies,” Korn explained in the interview. “We have an integrated cloud-based technology platform, which we developed in-house, and we have wholly owned offshore subsidiaries with 1,600 employees in four countries, with labor costs that average about 10% of the labor costs in the U.S. This allows us to provide services which are labor intensive even though we use our technology, and we can deliver these services much less expensively than our customers or competitors can provide them.”
To hear the full interview, visit http://nnw.fm/mtbc-interview-oct-2016
Thus far in 2016, MTBC has successfully achieved a number of milestones. The company has recorded three quarters of positive EBITDA since its IPO in 2014; raised $7.5 million of non-convertible stock on the NASDAQ; and, earlier this month, closed on the acquisition of MediGain, LLC and its Millennium Practice Management, LLC affiliate, marking MTBC’s largest acquisition to-date. The MediGain acquisition was not only completed at “a significant discount as compared to the industry norm,” according to Korn, it is also expected to play a major role in MTBC’s efforts to promote financial growth in the coming months, with the company’s CFO predicting that the acquisition “should be accretive to… shareholders in 2017.”
“We believe that our newly acquired business will contribute to our positive adjusted EBITDA by the first quarter of 2017,” Korn concluded. “By growing our overall revenue greatly through this acquisition, MTBC expects to generate significant operating leverage.”
For more information, visit www.MTBC.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Monaker Group (MKGI) Helping Consumers Seeking a Rapid and Personalized Travel Planning Experience
According to PSFK’s founder and editor-in-chief, Piers Fawkes (http://nnw.fm/qj8Zo), “Travelers today are looking for an intuitive, rapid and personalized experience. They understand the trail of contextual data that surrounds them and they expect the smartest travel brands to leverage those data to serve them appropriately.” This is made more obvious by the fact that smaller companies are struggling to fully capitalize on the increasingly connected world we live in.
With Americans spending approximately $814 billion on domestic travel in 2015, according to the U.S. Travel Association (http://nnw.fm/odGt8), it is no wonder they are also investing a lot of time in planning these trips. But with advancements in technology, consumers are looking for a more unique and personalized but also more rapid travel planning experience.
CEO of the online fare aggregator Kayak, Steve Hafner, believes technologies are now changing how travelers book their holidays, saying that customers’ booking experiences will be less point-and-click websites, and more spoken word and chat bots. In an interview with CNBC’s On The Money (http://nnw.fm/wFx5S), he stated, “What we’re seeing is there’s a whole generation of people who are more familiar with text messaging and voice via Siri who are looking for a different interaction with an online travel agency.” Consumers have a need for more rapid, personalized, and mobile booking experiences, requiring companies to build more intelligent systems that offer a modern and on-the-go way for people to book their trips.
An example is Monaker Group’s (OTCQB: MKGI) NextTrip.com, a real-time booking engine that offers customers the opportunity to book various types of accommodation as well as flights, car rentals, tours, and more. NextTrip.com provides an all-in-one travel planner for every aspect of a person’s trip. The NextTrip planner enables travelers and holidaymakers to choose from some eight million trip ideas, and it gives users the opportunity to import bookings to one place on their mobile devices; discover a variety of nearby hotels, bars, and restaurants; save and attach important links to their devices; and collect travel money to split travel costs among friends and family. The free travel planner is an all-inclusive platform that is mobile friendly and allows consumers to book and save information about their trips, no matter where they are in the world.
For more information, visit www.MonakerGroup.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
With Americans spending approximately $814 billion on domestic travel in 2015, according to the U.S. Travel Association (http://nnw.fm/odGt8), it is no wonder they are also investing a lot of time in planning these trips. But with advancements in technology, consumers are looking for a more unique and personalized but also more rapid travel planning experience.
CEO of the online fare aggregator Kayak, Steve Hafner, believes technologies are now changing how travelers book their holidays, saying that customers’ booking experiences will be less point-and-click websites, and more spoken word and chat bots. In an interview with CNBC’s On The Money (http://nnw.fm/wFx5S), he stated, “What we’re seeing is there’s a whole generation of people who are more familiar with text messaging and voice via Siri who are looking for a different interaction with an online travel agency.” Consumers have a need for more rapid, personalized, and mobile booking experiences, requiring companies to build more intelligent systems that offer a modern and on-the-go way for people to book their trips.
An example is Monaker Group’s (OTCQB: MKGI) NextTrip.com, a real-time booking engine that offers customers the opportunity to book various types of accommodation as well as flights, car rentals, tours, and more. NextTrip.com provides an all-in-one travel planner for every aspect of a person’s trip. The NextTrip planner enables travelers and holidaymakers to choose from some eight million trip ideas, and it gives users the opportunity to import bookings to one place on their mobile devices; discover a variety of nearby hotels, bars, and restaurants; save and attach important links to their devices; and collect travel money to split travel costs among friends and family. The free travel planner is an all-inclusive platform that is mobile friendly and allows consumers to book and save information about their trips, no matter where they are in the world.
For more information, visit www.MonakerGroup.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Wednesday, October 19, 2016
Pay-by-Text™ from Singlepoint, Inc. (SING) Makes Smartphone Payments as Simple as Texting
Short Message Service (SMS) or text messaging has come a long way since Friedhelm Hillebrand and Bernard Ghillebaert first proposed the concept in 1984. Now, according to the Pew Research Center (PRC), texting is the most widely and frequently employed application on a smartphone, with 97 percent of Americans using it at least once a day. Some 23 billion messages per day, or almost 16 million messages per minute, crisscross the globe, about 26 percent, or 6 billion, of which are in the U.S. Singlepoint, Inc. (OTC: SING) is gearing up to capitalize on that ubiquity with its Pay-by-Text™ technology.
This Australian University of Technology Sydney website (http://nnw.fm/pYqH8) outlines some of the virtues of text messaging. Even the simplest of phones can handle the technology, because it was designed to work with early telephony systems. It was the first communications technology to offer guaranteed delivery. If a recipient is switched off, out of range or if there is a network outage, the SMS message will be stored in the network and delivered when the recipient announces its presence, or when the outage is rectified. SMS can be sent or received during voice or data calls since it makes use of a separate channel, which is normally used for transfer of control messaging to transfer its packets. Furthermore, the low-bandwidth required to transmit short alphanumeric strings allows messaging worldwide with very low latency.
OneReach (http://nnw.fm/GKO7a) sets out the many other advantages of SMS. It is widely accepted, with 96 percent of smartphone owners using text. And some 98 percent of text messages are opened by the recipient as opposed to the 20 percent open rate of email. Text messaging has a 45 percent response rate, while email only has a 6 percent response rate. 55 percent of heavy text message users (50+ texts per day) say they would prefer to receive a text rather than a phone call. (In 2011, the PRC found that 31 percent of Americans preferred text messages to phone calls.) And it takes the average person 90 minutes to respond to email, but only 90 seconds to respond to a text message. Text, it seems, is the new lingua franca of our communications technological age.
The Pay-by-Text™ technology by Singlepoint appears to have garnered the best features of both worlds. It makes payment transactions immeasurably easier, and it allows communications in the pithy ‘sound bite’ size appreciated by busy people.
Singlepoint’s Pay-by-Text solution enables merchants to offer a ‘swipe-less’ mobile payment option to their customers. The Pay-by-Text transaction takes place on the customer’s mobile phone, which means he or she can pay at any time and from anywhere. To set up payment, the customer just needs to text the vendor’s keyword to a five-digit number and, once set up, can essentially pay with one click on all future purchases. In addition, the app becomes a marketing tool. Once the customer has set up a Pay-by-Text account, the vendor can issue an invitation to receive text messages.
Singlepoint is in the initial stages of rolling out Pay-by-Text. For this service, the company will receive a monthly fee ranging from $10 to $100, depending on the merchant, and one percent of each transaction. Pay-by-Text was designed with temporary point-of-sale opportunities such as trade shows and farmers’ markets in mind. In the near-term, the company will focus most of its efforts on the donations market, in which the spontaneity of text messaging aptly matches the impulsive spirit with which many donations are made.
Singlepoint recently finalized the integration of Pay-by-Text with a backend payment platform from RedFynn Technologies. RedFynn provides payment-processing, point of sale, and payment solutions. Singlepoint now has the ability to provide all forms of credit card processing including Apple Pay, point-of-sale terminals, and cashless ATM. The 150,000 merchants using RedFynn’s payments technology are now automatically set up to offer Pay-by-Text, needing no additional setup.
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
This Australian University of Technology Sydney website (http://nnw.fm/pYqH8) outlines some of the virtues of text messaging. Even the simplest of phones can handle the technology, because it was designed to work with early telephony systems. It was the first communications technology to offer guaranteed delivery. If a recipient is switched off, out of range or if there is a network outage, the SMS message will be stored in the network and delivered when the recipient announces its presence, or when the outage is rectified. SMS can be sent or received during voice or data calls since it makes use of a separate channel, which is normally used for transfer of control messaging to transfer its packets. Furthermore, the low-bandwidth required to transmit short alphanumeric strings allows messaging worldwide with very low latency.
OneReach (http://nnw.fm/GKO7a) sets out the many other advantages of SMS. It is widely accepted, with 96 percent of smartphone owners using text. And some 98 percent of text messages are opened by the recipient as opposed to the 20 percent open rate of email. Text messaging has a 45 percent response rate, while email only has a 6 percent response rate. 55 percent of heavy text message users (50+ texts per day) say they would prefer to receive a text rather than a phone call. (In 2011, the PRC found that 31 percent of Americans preferred text messages to phone calls.) And it takes the average person 90 minutes to respond to email, but only 90 seconds to respond to a text message. Text, it seems, is the new lingua franca of our communications technological age.
The Pay-by-Text™ technology by Singlepoint appears to have garnered the best features of both worlds. It makes payment transactions immeasurably easier, and it allows communications in the pithy ‘sound bite’ size appreciated by busy people.
Singlepoint’s Pay-by-Text solution enables merchants to offer a ‘swipe-less’ mobile payment option to their customers. The Pay-by-Text transaction takes place on the customer’s mobile phone, which means he or she can pay at any time and from anywhere. To set up payment, the customer just needs to text the vendor’s keyword to a five-digit number and, once set up, can essentially pay with one click on all future purchases. In addition, the app becomes a marketing tool. Once the customer has set up a Pay-by-Text account, the vendor can issue an invitation to receive text messages.
Singlepoint is in the initial stages of rolling out Pay-by-Text. For this service, the company will receive a monthly fee ranging from $10 to $100, depending on the merchant, and one percent of each transaction. Pay-by-Text was designed with temporary point-of-sale opportunities such as trade shows and farmers’ markets in mind. In the near-term, the company will focus most of its efforts on the donations market, in which the spontaneity of text messaging aptly matches the impulsive spirit with which many donations are made.
Singlepoint recently finalized the integration of Pay-by-Text with a backend payment platform from RedFynn Technologies. RedFynn provides payment-processing, point of sale, and payment solutions. Singlepoint now has the ability to provide all forms of credit card processing including Apple Pay, point-of-sale terminals, and cashless ATM. The 150,000 merchants using RedFynn’s payments technology are now automatically set up to offer Pay-by-Text, needing no additional setup.
For more information, visit the company’s website at www.Singlepoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
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