After a long journey in which no efforts were spared, China’s online-to-offline integrated social media operator, Moxian, Inc. (NASDAQ: MOXC), was officially uplisted earlier this month when its common stock began trading on the Nasdaq Capital Market. To mark this moment, the company’s management traveled to New York City to ring the Nasdaq Trade opening bell last Wednesday, on November 23.
The event at the Nasdaq MarketSite in Times Square was attended by CEO and Chairman James Tan and Executive Director Hao Qing Hu. The pair rang the trade opening bell at 9:30 a.m. ET to mark the beginning of the Wednesday stock market trading session and also in honor of their company’s recent Nasdaq uplisting. Tan said he and his team were very honored by this achievement, as it reflects the hard work of everyone at his company in their efforts to get investors’ attention and increase shareholder and corporate value.
Founded in 2013, the company began preparing for the Nasdaq uplist earlier this year with two U.S. Securities and Exchange Commission filings required for this upgrade: a securities registration statement and a reverse stock split. The Chinese company had been trading on the OTCQB Venture Marketplace since 2014. To further help with the company’s efforts, Tan put together a strong team with more than 100 years of combined experience in various industries and technologies. The company’s management team has experience with both public and private companies in Asia and the U.S., while Tan himself is a highly-experienced manager who has occupied executive positions with various public companies, including Pacific Internet, Ltd., a formerly NASDAQ-listed company.
Moxian markets an O2O integrated platform operator that primarily targets small- and medium-sized enterprises to help them connect with customers and prospects. The social commerce platform integrates social media features, gamification and entertainment, as well as business intelligence capabilities, being built around the company’s proprietary Social Customer Relationship Management tool. The Social CRM was created with the purpose of improving interaction between businesses and consumers by enabling merchants to run targeted advertising and marketing campaigns.
Merchants can gather and analyze relevant behavior data about their customers via the Moxian+ Business app, with the goal of understanding their audiences better and offering every user group a more personalized experience. The user information is gathered via the Moxian+ User app, dedicated exclusively to shoppers. This app includes a game center, a rewards redemption center and social media networking capabilities. It can further make personalized shopping recommendations based on geolocation and a user’s saved preferences. Both apps are available for Android and iOS devices.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
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Tuesday, November 29, 2016
eXp World Holdings, Inc. (EXPI) Keeping Up-To-Date with Buyer Demographics
According to The National Association of Realtors (http://nnw.fm/4IfCb), this October was the second month in a row to show incredible sales peaks in existing home sales, registering the highest sales rate in nearly 10 years. With existing home sales skyrocketing for yet another month, it is no surprise that real estate agencies are looking for ways to maintain a competitive edge, anxious to better serve their customers based upon preferences and demographics. eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty LLC, a unique agent-owned cloud brokerage, believes in just this. In order to maintain a competitive edge, EXPI stays up-to-date with not only the current geopolitical and economic changes in both the U.S. and Canada but also the volatility in various markets, employment rates, and all technological changes.
The National Association of Realtors published an article, entitled ‘Protecting Your Brand Online: Social Media Tips for Real Estate Professionals’ (http://nnw.fm/cBsP3), which highlights the importance of maintaining a strong position within the virtual world. EXPI works through a cloud office environment, allowing brokers and agents to work, attend classes, strategize, and collaborate through a virtual medium while efficiently serving customers in their search for a new home. The company is the first truly agent-owned brokerage, allowing it to increase broker and agent listings and sales while reducing overhead costs.
However, the changing real estate scene is not just about advances in technology. The diversity of future homebuyers is expected to transform the real estate industry as a whole. During the buyer preferences forum (http://nnw.fm/fOl1M), organized by Realtor University, professionals discussed the changing demographics in the U.S., new home preferences, and the livability needs of current and future home buyers. According to the research, nearly every generation has a strong desire to own their own property. The article pointed out that, despite technological advancements, “This tough environment for buyers and sellers further demonstrates the importance of real estate businesses being based on relationships and face-to-face interactions.”
eXp World Holdings combines advanced technology from its cloud-based environment with the value that consumers see from working face-to-face with professionals. Because many future home buyers start their searches online, the company cuts costs by cutting out physical brick and mortar offices, yet maintains a high level of service by navigating the home buying process with clients while giving information and comparative perspective on properties. Agents at EXPI provide local market expertise, negotiating and advocating on their clients’ behalf.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The National Association of Realtors published an article, entitled ‘Protecting Your Brand Online: Social Media Tips for Real Estate Professionals’ (http://nnw.fm/cBsP3), which highlights the importance of maintaining a strong position within the virtual world. EXPI works through a cloud office environment, allowing brokers and agents to work, attend classes, strategize, and collaborate through a virtual medium while efficiently serving customers in their search for a new home. The company is the first truly agent-owned brokerage, allowing it to increase broker and agent listings and sales while reducing overhead costs.
However, the changing real estate scene is not just about advances in technology. The diversity of future homebuyers is expected to transform the real estate industry as a whole. During the buyer preferences forum (http://nnw.fm/fOl1M), organized by Realtor University, professionals discussed the changing demographics in the U.S., new home preferences, and the livability needs of current and future home buyers. According to the research, nearly every generation has a strong desire to own their own property. The article pointed out that, despite technological advancements, “This tough environment for buyers and sellers further demonstrates the importance of real estate businesses being based on relationships and face-to-face interactions.”
eXp World Holdings combines advanced technology from its cloud-based environment with the value that consumers see from working face-to-face with professionals. Because many future home buyers start their searches online, the company cuts costs by cutting out physical brick and mortar offices, yet maintains a high level of service by navigating the home buying process with clients while giving information and comparative perspective on properties. Agents at EXPI provide local market expertise, negotiating and advocating on their clients’ behalf.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Axsome Therapeutics, Inc. (AXSM) Shedding New Light on Old Drugs
New York-based Axsome Therapeutics, Inc. (NASDAQ: AXSM) is tending to a major and thriving market where current treatment options are insufficient. This young company (founded in 2012) is striving to establish a fully-integrated biopharmaceutical business that will develop and bring to the healthcare marketplace therapies for the management and treatment of central nervous system (CNS) disorders.
Axsome Therapeutics has a laser-like focus on differentiated therapies, in particular. To improve the lives of patients living with pain and various CNS disorders, Axsome has set its sights on working with both internally-derived drug candidates and in-licensed drug candidates in order to create a path to development and commercialization that will, ultimately, expand the treatment alternatives available to caregivers.
Axsome Therapeutics has moved into the clinical stage at this time. It holds a product candidate portfolio that includes two late-stage candidates, AXS-02 and AXS-05, which it is developing for multiple indications, as well as AXS-06.
AXS-02, a non-opiod therapeutic in development for chronic pain, is Axsome’s leading product candidate. It is currently being evaluated in phase III trials for the treatment of complex regional pain syndrome, knee osteoarthritis with bone marrow lesions (BMLs) and chronic low back pain with modic changes.
AXS-05 is a fixed-dose combination of dextromethorphan and bupropion, both of which have shown to be effective in activating central nervous system receptors. AXS-05 is currently in a phase III trial indicated for treatment resistant depression and agitation in patients with Alzheimer’s disease.
The company is also developing AXS-06 for the treatment of chronic pain disorders.
Analysts have pointed to the value in Axsome’s focus on complex regional pain syndrome, treatment resistant depression and agitation in patients with Alzheimer’s disease, indicating that these disorders possess lower-than-average research and development risks and a tested business model that leans toward a faster commercialization timeline (http://nnw.fm/PJ32f).
For more information, visit www.Axsome.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Axsome Therapeutics has a laser-like focus on differentiated therapies, in particular. To improve the lives of patients living with pain and various CNS disorders, Axsome has set its sights on working with both internally-derived drug candidates and in-licensed drug candidates in order to create a path to development and commercialization that will, ultimately, expand the treatment alternatives available to caregivers.
Axsome Therapeutics has moved into the clinical stage at this time. It holds a product candidate portfolio that includes two late-stage candidates, AXS-02 and AXS-05, which it is developing for multiple indications, as well as AXS-06.
AXS-02, a non-opiod therapeutic in development for chronic pain, is Axsome’s leading product candidate. It is currently being evaluated in phase III trials for the treatment of complex regional pain syndrome, knee osteoarthritis with bone marrow lesions (BMLs) and chronic low back pain with modic changes.
AXS-05 is a fixed-dose combination of dextromethorphan and bupropion, both of which have shown to be effective in activating central nervous system receptors. AXS-05 is currently in a phase III trial indicated for treatment resistant depression and agitation in patients with Alzheimer’s disease.
The company is also developing AXS-06 for the treatment of chronic pain disorders.
Analysts have pointed to the value in Axsome’s focus on complex regional pain syndrome, treatment resistant depression and agitation in patients with Alzheimer’s disease, indicating that these disorders possess lower-than-average research and development risks and a tested business model that leans toward a faster commercialization timeline (http://nnw.fm/PJ32f).
For more information, visit www.Axsome.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Monaker Group (MKGI) Tapping into Fast-Growing $200 Billion Millennial Travel Market
The travel industry is growing exponentially, but must also be ready to become more flexible and make more changes to cater to the needs and requirements of the market segment currently driving its growth – the Millennials. This new generation of travelers has hit an average annual spending of $200 billion on tourism and travel, according to a FutureCast report titled ‘Millennial Brief on Travel & Lodging’ (http://nnw.fm/8uCmY). The figure is the largest average the tourism industry has ever seen, a trend that’s likely to be maintained, provided that the industry’s operators are able to meet the needs of this group of tourists.
Having reached adulthood in the 2000s, at the peak of the Internet age, it is no wonder that Millennials thoroughly research their options and destinations when making travel plans. According to the FutureCast report, Millennial tourists check an average of 10 sources before they make a travel purchase. This habit is also a result of this group of travelers’ collective desire to experience something utterly new and unique on their trips. Perhaps more than any other generations, Millennials are primarily interested in new, personalized experiences on their travels rather than just relaxing or sightseeing, with nine out of ten in agreement.
Additionally, 70 percent of Millennials are interested in exploring the communities they visit during their vacations in order to learn something new about them, mingle with them and experience life as they would. This also reflects their lodging preferences, with more and more Millennials opting for alternative lodging rental units when they travel instead of more traditional solutions such as hotels. It is no surprise that a growing number of Millennials use online platforms such as Airbnb or Booking.com to research their lodging options and make a booking before they travel.
Monaker Group, Inc. (OTCQB: MKGI), a technology-driven tourism company offering comprehensive travel solutions and personalized tours, is ready to tap into this fast-growing travel market segment by offering not only an impressive portfolio of alternative lodging rental units but also access to full-service tours to hundreds of destinations around the world.
The group currently has a portfolio of more than 1.1 million alternative lodging rental units available under its NextTrip Resorts platform, and it is currently in the process of adding more than 200,000 timeshare and resort units by the end of the year. Via its flagship NextTrip.com platform, Monaker allows tourists to plan their trips to the smallest details by offering them access to a wealth of alternative lodging options, such as unused timeshare inventory, resort residences and vacation home rentals, as well as a wide range of hotels, rental cars, tours, airlines, concierge services and more.
The platform, launched in February 2016, has grown exponentially, being the only real-time booking engine that combines various booking options to meet tourists’ every need. With Millennials’ influence on the travel industry set to expand further over the coming years as this population segment continues to grow, full-service booking platforms such as NextTrip.com are likely to become an increasingly important part of the industry.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Having reached adulthood in the 2000s, at the peak of the Internet age, it is no wonder that Millennials thoroughly research their options and destinations when making travel plans. According to the FutureCast report, Millennial tourists check an average of 10 sources before they make a travel purchase. This habit is also a result of this group of travelers’ collective desire to experience something utterly new and unique on their trips. Perhaps more than any other generations, Millennials are primarily interested in new, personalized experiences on their travels rather than just relaxing or sightseeing, with nine out of ten in agreement.
Additionally, 70 percent of Millennials are interested in exploring the communities they visit during their vacations in order to learn something new about them, mingle with them and experience life as they would. This also reflects their lodging preferences, with more and more Millennials opting for alternative lodging rental units when they travel instead of more traditional solutions such as hotels. It is no surprise that a growing number of Millennials use online platforms such as Airbnb or Booking.com to research their lodging options and make a booking before they travel.
Monaker Group, Inc. (OTCQB: MKGI), a technology-driven tourism company offering comprehensive travel solutions and personalized tours, is ready to tap into this fast-growing travel market segment by offering not only an impressive portfolio of alternative lodging rental units but also access to full-service tours to hundreds of destinations around the world.
The group currently has a portfolio of more than 1.1 million alternative lodging rental units available under its NextTrip Resorts platform, and it is currently in the process of adding more than 200,000 timeshare and resort units by the end of the year. Via its flagship NextTrip.com platform, Monaker allows tourists to plan their trips to the smallest details by offering them access to a wealth of alternative lodging options, such as unused timeshare inventory, resort residences and vacation home rentals, as well as a wide range of hotels, rental cars, tours, airlines, concierge services and more.
The platform, launched in February 2016, has grown exponentially, being the only real-time booking engine that combines various booking options to meet tourists’ every need. With Millennials’ influence on the travel industry set to expand further over the coming years as this population segment continues to grow, full-service booking platforms such as NextTrip.com are likely to become an increasingly important part of the industry.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
OurPet’s Company (OPCO) is Growing Organically
At last month’s MicroCap Conference in Philadelphia, the technological prowess of OurPet’s Company (OTCQX: OPCO) was on display. A presentation (http://nnw.fm/y7mQ3) by the company’s chief financial officer, Scott Mendes, showed the many innovative products for cats and dogs, who are the rainmakers of OurPet’s Company. The CFO also gave an account of OPCO’s history of growth, from its genesis in 1985 as Napro, Inc. to the present. The company has grown both organically and through acquisitions. CEO Dr. Steve Tsengas wants to double its size and, to support that expansion, has invested heavily in distribution and marketing infrastructure.
The company was founded in 1994 by chairman and CEO Dr. Steve Tsengas and chief operating officer Dean Tsengas. Dr. Steve Tsengas is an enterprising engineer who has been elected to the National Inventors Hall of Fame. In a past MissionIR OPCO interview (http://nnw.fm/LX9vq), he revealed that one rationale behind the founding of OurPet’s Company was the lack of innovation in the pet industry back in the 1990s. As a result, a decision was made to concentrate on creating truly novel products that solved problems for pets and pet parents, along with the marketing and distribution of those products, rather than manufacturing. Since its inception, OPCO has stuck to that mission and successfully passed many mirthful milestones.
In 1994, its first product, the Big Dog Feeder®, which made it easier for big dogs to eat by elevating the feeding bowl, created quite a stir at a classic pet show in Cleveland, Ohio. Three days after its debut, the feeder recorded sales of about $6,500. In 2001, the company became publicly traded on the Over-the-Counter Bulletin Board under the symbol OPCO. OPCO continued on this inventive path by acquiring or creating brands like the Play-N-Squeak®, Cosmic Catnip™, Go! Cat! Go!®, Durapet®, SmartScoop® and Flappy®. In 2014, it launched its dual brand strategy with OurPets® and Pet Zone®. Products under the OurPets® brand are targeted at pet specialty retailers, while those under the Pet Zone® brand are distributed through the food, drug and mass retail channels.
Now, OurPet’s Company is set to exploit the amazing possibilities offered by new digital technologies with its OurPets® Intelligent Pet Care™ (http://nnw.fm/exv5A) product line. This suite of products is designed to help parents monitor their pets by employing a combination of infrared (IR), Bluetooth and Wi-Fi technologies.
OurPet’s Company has been growing much faster than the industry as a whole. Since 2010, it has had an annual compound growth rate (CAGR) of about six percent, while the industry has experienced a more modest four percent. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) have increased from $403,761 in Q1 2014 to $958,263 in Q3 2016, while net income has increased by 269 percent over the same period, from $134,427 to $495,669. The cats and dogs at OurPet’s Company are racing ahead like cheetahs and greyhounds.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The company was founded in 1994 by chairman and CEO Dr. Steve Tsengas and chief operating officer Dean Tsengas. Dr. Steve Tsengas is an enterprising engineer who has been elected to the National Inventors Hall of Fame. In a past MissionIR OPCO interview (http://nnw.fm/LX9vq), he revealed that one rationale behind the founding of OurPet’s Company was the lack of innovation in the pet industry back in the 1990s. As a result, a decision was made to concentrate on creating truly novel products that solved problems for pets and pet parents, along with the marketing and distribution of those products, rather than manufacturing. Since its inception, OPCO has stuck to that mission and successfully passed many mirthful milestones.
In 1994, its first product, the Big Dog Feeder®, which made it easier for big dogs to eat by elevating the feeding bowl, created quite a stir at a classic pet show in Cleveland, Ohio. Three days after its debut, the feeder recorded sales of about $6,500. In 2001, the company became publicly traded on the Over-the-Counter Bulletin Board under the symbol OPCO. OPCO continued on this inventive path by acquiring or creating brands like the Play-N-Squeak®, Cosmic Catnip™, Go! Cat! Go!®, Durapet®, SmartScoop® and Flappy®. In 2014, it launched its dual brand strategy with OurPets® and Pet Zone®. Products under the OurPets® brand are targeted at pet specialty retailers, while those under the Pet Zone® brand are distributed through the food, drug and mass retail channels.
Now, OurPet’s Company is set to exploit the amazing possibilities offered by new digital technologies with its OurPets® Intelligent Pet Care™ (http://nnw.fm/exv5A) product line. This suite of products is designed to help parents monitor their pets by employing a combination of infrared (IR), Bluetooth and Wi-Fi technologies.
OurPet’s Company has been growing much faster than the industry as a whole. Since 2010, it has had an annual compound growth rate (CAGR) of about six percent, while the industry has experienced a more modest four percent. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) have increased from $403,761 in Q1 2014 to $958,263 in Q3 2016, while net income has increased by 269 percent over the same period, from $134,427 to $495,669. The cats and dogs at OurPet’s Company are racing ahead like cheetahs and greyhounds.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Net Element, Inc. (NETE) Selects Conformance Technologies as Preferred Provider for Data Compliance Solutions
Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced its selection of Conformance Technologies, a fast-growing provider of operating systems, education systems and expertise used in managing business compliance requirements, as its preferred provider for data compliance solutions. Moving forward, Net Element will be offering Conformance’s patented PCI ToolKit solution for Payment Card Industry Data Security Standard merchant portfolio assessments in a number of languages, including Chinese, English, Russian and Spanish. The company and its merchant clients will also have access to the Cyber Attack Readiness ToolKit™ and InConRadar™ toolsets, which allow for primary account number scanning and real-time website monitoring of prohibited card brand acceptance activities.
“The integrated compliance-related solution set with the flexibility to handle multiple languages made partnering with Conformance Technologies a very easy decision for us,” Oleg Firer, chief executive officer of Net Element, stated in this morning’s news release. “Their solutions provide us with a revenue opportunity, while making painful and costly compliance activities understandable and affordable for our diverse customer base.”
Since its founding as a payments consultancy and PCI compliance firm in 2003, Conformance has evolved to establish itself as a leading provider of automated compliance and sensitive data protection systems and services. Today, Conformance provides its compliance solutions to more than 300,000 small and medium-sized business end-users operating both domestically and abroad.
Net Element’s selection of Conformance Technologies continues to build on what has been an eventful month for the payments company. In an update highlighting its financial results for the third quarter ended September 30, 2016, the company announced an 11 percent year-over-year increase in net revenues driven primarily by organic growth through its North America Transaction Solutions segment. Additionally, Net Element recorded its second consecutive quarter of positive adjusted EBITDA. In a news release, Firer added that the results are a reflection of Net Element’s “ability to implement [its] business objectives in a dynamic environment.”
Last week, the company took a step toward building on this financial growth through the announcement of a new partnership with Mashreqbank, a leading financial institution operating in the United Arab Emirates. Through this agreement, Net Element will provide transaction clearing, draft capture and settlement of bankcard transactions in multiple currencies, as well as full integration with its Internet Payment Gateway and risk management services.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“The integrated compliance-related solution set with the flexibility to handle multiple languages made partnering with Conformance Technologies a very easy decision for us,” Oleg Firer, chief executive officer of Net Element, stated in this morning’s news release. “Their solutions provide us with a revenue opportunity, while making painful and costly compliance activities understandable and affordable for our diverse customer base.”
Since its founding as a payments consultancy and PCI compliance firm in 2003, Conformance has evolved to establish itself as a leading provider of automated compliance and sensitive data protection systems and services. Today, Conformance provides its compliance solutions to more than 300,000 small and medium-sized business end-users operating both domestically and abroad.
Net Element’s selection of Conformance Technologies continues to build on what has been an eventful month for the payments company. In an update highlighting its financial results for the third quarter ended September 30, 2016, the company announced an 11 percent year-over-year increase in net revenues driven primarily by organic growth through its North America Transaction Solutions segment. Additionally, Net Element recorded its second consecutive quarter of positive adjusted EBITDA. In a news release, Firer added that the results are a reflection of Net Element’s “ability to implement [its] business objectives in a dynamic environment.”
Last week, the company took a step toward building on this financial growth through the announcement of a new partnership with Mashreqbank, a leading financial institution operating in the United Arab Emirates. Through this agreement, Net Element will provide transaction clearing, draft capture and settlement of bankcard transactions in multiple currencies, as well as full integration with its Internet Payment Gateway and risk management services.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Chanticleer Holdings, Inc. (HOTR) Preparing for Grand Opening of Little Big Burger in Portland, Oregon
Chanticleer Holdings, Inc. (NASDAQ: HOTR) kicked off November with the announcement that, during the fiscal quarter ended September 30, 2016, the company achieved its second consecutive quarter of adjusted EBITDA profitability. This milestone came alongside an 18.3 percent year-over-year increase in total revenue, which was attributed primarily to Chanticleer’s rapidly expanding fast casual better burger segment. In a news release, Mike Pruitt, chairman and chief executive officer of Chanticleer, noted that the company’s Little Big Burger restaurants were performing “particularly well” before adding that the brand contributed “significantly to the 19% sequential growth in Adjusted EBITDA from continuing operations” and further validated Chanticleer’s regional brand strategy.
With this regional brand strategy at the forefront of Chanticleer’s near-term growth efforts, it came as little surprise when, before the opening bell on Monday, the company announced plans for the launch of a new Little Big Burger restaurant in Portland, Oregon. The grand opening of the new location, which will be Chanticleer’s ninth Little Big Burger and 40th fast casual better burger store, is set to take place next week in Oregon’s largest city, whose metropolitan area is home to roughly 60 percent of the state’s overall population. Pruitt used Monday’s news release to speak toward the company’s excitement ahead of next week’s grand opening.
“We are very pleased to open up a new Little Big Burger in the Portland area,” he stated. “This store is our first store opening financed with EB-5 capital, which provides attractive, non-dilutive capital to expand our regional brands. Little Big Burger has been performing well with particularly attractive store economics, and we look forward to continuing to strategically utilize EB-5 financing for additional Little Big Burger restaurants as well as our other regional brands.”
As referenced by Pruitt, EB-5 capital stems from a federal government program created to encourage foreign investment in U.S. businesses. In addition to serving as one of the fastest methods for foreign investors to gain permanent residency in the U.S., the program is used nationwide to finance the construction and development of new projects in an increasingly diverse number of industries. EB-5 financing is particularly attractive to those operating within the hospitality sector, as it provides a low cost alternative to more traditional sources of capital while typically presenting favorable financing terms that result in reduced financial risk.
Chanticleer’s newest Little Big Burger restaurant will be located in Portland’s bustling Lloyd District at 1088 NE 7th Avenue.
For more information, visit www.chanticleerholdings.com
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With this regional brand strategy at the forefront of Chanticleer’s near-term growth efforts, it came as little surprise when, before the opening bell on Monday, the company announced plans for the launch of a new Little Big Burger restaurant in Portland, Oregon. The grand opening of the new location, which will be Chanticleer’s ninth Little Big Burger and 40th fast casual better burger store, is set to take place next week in Oregon’s largest city, whose metropolitan area is home to roughly 60 percent of the state’s overall population. Pruitt used Monday’s news release to speak toward the company’s excitement ahead of next week’s grand opening.
“We are very pleased to open up a new Little Big Burger in the Portland area,” he stated. “This store is our first store opening financed with EB-5 capital, which provides attractive, non-dilutive capital to expand our regional brands. Little Big Burger has been performing well with particularly attractive store economics, and we look forward to continuing to strategically utilize EB-5 financing for additional Little Big Burger restaurants as well as our other regional brands.”
As referenced by Pruitt, EB-5 capital stems from a federal government program created to encourage foreign investment in U.S. businesses. In addition to serving as one of the fastest methods for foreign investors to gain permanent residency in the U.S., the program is used nationwide to finance the construction and development of new projects in an increasingly diverse number of industries. EB-5 financing is particularly attractive to those operating within the hospitality sector, as it provides a low cost alternative to more traditional sources of capital while typically presenting favorable financing terms that result in reduced financial risk.
Chanticleer’s newest Little Big Burger restaurant will be located in Portland’s bustling Lloyd District at 1088 NE 7th Avenue.
For more information, visit www.chanticleerholdings.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
bBooth, Inc. (BBTH) Introduces Virtual Representatives to the Marketing Mix
Hollywood-based entertainment technology company bBooth, Inc. (OTCQB: BBTH) is set to disrupt the entire Software-as-a-Service (SaaS), Customer Relationship Management (CRM), and sales lead generation software industry with its novel bNotifi platform. With bNotifi, marketers get two boons for the price of one. First, marketing reach is expanded with the employment of virtual representatives and, second, the message gets told with motion pictures, which, as we now know, are worth much, much more than a thousand words. The bNotifi technology has completely re-invented what a CRM, lead-generation tool should be in today’s video-centric social environment.
If, in today’s online marketing realm, content is king, then video must surely be the crown. A feature this month on Search Engine Watch (http://nnw.fm/qUQm3) predicts ‘that video will account for 69% of all internet traffic by 2017.’ It goes on to say ‘for brands, video content is a powerful way to introduce themselves, spread their message, promote a product, increase their reach, boost engagement, and explain their service.’
The company that eschews video in the marketing mix risks missing the boat. eMarketing reports that ‘during mid-2015, online video overtook social media relative to the amount of time spent per day online’. And a survey from HighQ confirms this: ‘…approximately 55% of Americans watch online videos every day, with the average American adult spending one hour and 16 minutes each day watching video on digital devices. Growth relative to this area has been staggering as consumers spent only 21 minutes per day watching online videos in 2011.’
bBooth CEO Rory J. Cutaia is certainly aware of these trends, but points out that ‘video marketing is no longer (just) about YouTube videos or brands distributing clips on social media’.
“More and more thought leaders have begun to recognize that targeted interactive video communications that track the level of viewers’ actual engagement is far and away more effective in generating, and more importantly, in recognizing hot sales leads,” argues Cutaia in a press release (http://nnw.fm/U89lr).
The bNotifi platform originated from bBooth’s mall-based kiosks and mobile apps that were focused on talent discovery (http://nnw.fm/JeIN7). The technology has been improved and upgraded to a cloud-based, enterprise level SaaS platform, developed to address a much larger target market that includes celebrities and sports personalities, corporate users, consumer brands and media companies. The bNotifi technology represents a new innovative platform for CRM, lead-generation, advertising, fan engagement, and consumer brand activation.
Through fully integrated mobile, desktop, and web-based applications, the bNotifi technology provides push-to-screen, media-rich, interactive audio and video messaging and communications for higher levels of social engagement and interactive online training and teaching applications, as well as an enterprise scale lead generation and customer retention platform for sales professionals and others.
The bNotifi platform also includes a robust back-end administration console with data collection capabilities, among other features, designed to provide small, medium and large-scale enterprise users, among others, with the ability to send, receive and manage enhanced, media-rich, highly-engaging messaging for both internal and external communications.
In September, bBooth announced it had agreed to provide The Matrix Group, and its 890,000 independent representatives in affiliate organizations, with the bNotifi CRM and Lead Generation technology. And in October, The Matrix Group began a global launch of bNotifi, which will give its associates the power to engage customers and prospects in an entirely new, interactive media-rich format. Building on this progress, BBooth announced the release of bNotifi 2.0 earlier this month.
For more information, visit www.bbooth.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
If, in today’s online marketing realm, content is king, then video must surely be the crown. A feature this month on Search Engine Watch (http://nnw.fm/qUQm3) predicts ‘that video will account for 69% of all internet traffic by 2017.’ It goes on to say ‘for brands, video content is a powerful way to introduce themselves, spread their message, promote a product, increase their reach, boost engagement, and explain their service.’
The company that eschews video in the marketing mix risks missing the boat. eMarketing reports that ‘during mid-2015, online video overtook social media relative to the amount of time spent per day online’. And a survey from HighQ confirms this: ‘…approximately 55% of Americans watch online videos every day, with the average American adult spending one hour and 16 minutes each day watching video on digital devices. Growth relative to this area has been staggering as consumers spent only 21 minutes per day watching online videos in 2011.’
bBooth CEO Rory J. Cutaia is certainly aware of these trends, but points out that ‘video marketing is no longer (just) about YouTube videos or brands distributing clips on social media’.
“More and more thought leaders have begun to recognize that targeted interactive video communications that track the level of viewers’ actual engagement is far and away more effective in generating, and more importantly, in recognizing hot sales leads,” argues Cutaia in a press release (http://nnw.fm/U89lr).
The bNotifi platform originated from bBooth’s mall-based kiosks and mobile apps that were focused on talent discovery (http://nnw.fm/JeIN7). The technology has been improved and upgraded to a cloud-based, enterprise level SaaS platform, developed to address a much larger target market that includes celebrities and sports personalities, corporate users, consumer brands and media companies. The bNotifi technology represents a new innovative platform for CRM, lead-generation, advertising, fan engagement, and consumer brand activation.
Through fully integrated mobile, desktop, and web-based applications, the bNotifi technology provides push-to-screen, media-rich, interactive audio and video messaging and communications for higher levels of social engagement and interactive online training and teaching applications, as well as an enterprise scale lead generation and customer retention platform for sales professionals and others.
The bNotifi platform also includes a robust back-end administration console with data collection capabilities, among other features, designed to provide small, medium and large-scale enterprise users, among others, with the ability to send, receive and manage enhanced, media-rich, highly-engaging messaging for both internal and external communications.
In September, bBooth announced it had agreed to provide The Matrix Group, and its 890,000 independent representatives in affiliate organizations, with the bNotifi CRM and Lead Generation technology. And in October, The Matrix Group began a global launch of bNotifi, which will give its associates the power to engage customers and prospects in an entirely new, interactive media-rich format. Building on this progress, BBooth announced the release of bNotifi 2.0 earlier this month.
For more information, visit www.bbooth.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Corbus Pharmaceuticals Holdings, Inc. (CRBP) is “One to Watch”
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), a clinical stage drug development company targeting rare, chronic, and serious inflammatory and fibrotic diseases, recently reported its third quarter financial results (http://nnw.fm/ewaP8) for the three months ended September 30, 2016. CRBP reported a net loss for the third quarter due to increased spending on clinical studies for systemic sclerosis and CF, plus increased staffing costs, bonuses, and other expenditures.
However, the company ended the third quarter with just under $19 million in cash and cash equivalents, which it believes to be sufficient to meet its operating and capital requirements through the end of 2017. The company is also expecting a milestone payment by the end of the first quarter of 2017 from Cystic Fibrosis Foundation Therapeutics, Inc. of $1.5 million.
In addition to its financial results, the company provided an update on its corporate progress and progress on the clinical status of its lead product candidate Resunab, a synthetic oral endocannabinoid-mimetic drug that targets chronic inflammation and aims to stop fibrosis. The drug is currently being tested in three separate phase 2 clinical studies.
Since the release of these financial results, the company completed its phase 2 trials of Resunab in patients with systemic sclerosis, releasing positive data and leading shares to skyrocket. According to CRBP’s findings (http://nnw.fm/7PORm), the median patients taking Resunab saw their combined response index in diffuse cutaneous systemic sclerosis score increase by just under 35%, compared to 0% for those taking a placebo.
As a result, Corbus Pharmaceuticals is now seeking approval for the drug from the FDA. The company is also testing Resunab in other phase 2 trials for diseases such as lupus, fibrosis, and dermatomyositis, while patients from the systemic sclerosis phase 2 trials will enter an extension study to measure the drug’s long term effects.
Corbus Pharmaceuticals Holdings also received a company update from Aegis Capital Corp. (http://nnw.fm/ufl0F), which maintained the company’s ‘Buy’ rating with a price target of $12 per share. This report was based on the strong data released regarding the phase 2 trials in patients with systemic sclerosis.
Other companies such as Noble Financial and Cantor Fitzgerald also reiterated a ‘Buy’ rating for the company, with price objectives of $19.00 and $17.00, respectively. In addition to the above, Barbara White acquired 38,000 shares of CRBP worth $119,700, and CFO Sean F. Moran acquired 148,960 shares worth just under $500,000, all according to The Cerbat Gem Market News and Analysis (http://nnw.fm/rE7Q6), giving insiders just under 12% ownership of CRBP’s stock.
Other large investors have also raised their stakes in the company. Morgan Stanley raised its position in Corbus Pharmaceuticals Holdings, Inc. by 12.4%, Northern Trust Corp. raised its position by 41%, BlackRock Institutional Trust Company N.A. raised its position by 14.3%, and Milestone Group, Inc. and Bank of New York Mellon Corp. bought new positions worth $102,000 and $155,000, respectively. Outside investors now own 25.39% of CRBP’s stock.
For more information, visit the company’s website at www.corbuspharma.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
However, the company ended the third quarter with just under $19 million in cash and cash equivalents, which it believes to be sufficient to meet its operating and capital requirements through the end of 2017. The company is also expecting a milestone payment by the end of the first quarter of 2017 from Cystic Fibrosis Foundation Therapeutics, Inc. of $1.5 million.
In addition to its financial results, the company provided an update on its corporate progress and progress on the clinical status of its lead product candidate Resunab, a synthetic oral endocannabinoid-mimetic drug that targets chronic inflammation and aims to stop fibrosis. The drug is currently being tested in three separate phase 2 clinical studies.
Since the release of these financial results, the company completed its phase 2 trials of Resunab in patients with systemic sclerosis, releasing positive data and leading shares to skyrocket. According to CRBP’s findings (http://nnw.fm/7PORm), the median patients taking Resunab saw their combined response index in diffuse cutaneous systemic sclerosis score increase by just under 35%, compared to 0% for those taking a placebo.
As a result, Corbus Pharmaceuticals is now seeking approval for the drug from the FDA. The company is also testing Resunab in other phase 2 trials for diseases such as lupus, fibrosis, and dermatomyositis, while patients from the systemic sclerosis phase 2 trials will enter an extension study to measure the drug’s long term effects.
Corbus Pharmaceuticals Holdings also received a company update from Aegis Capital Corp. (http://nnw.fm/ufl0F), which maintained the company’s ‘Buy’ rating with a price target of $12 per share. This report was based on the strong data released regarding the phase 2 trials in patients with systemic sclerosis.
Other companies such as Noble Financial and Cantor Fitzgerald also reiterated a ‘Buy’ rating for the company, with price objectives of $19.00 and $17.00, respectively. In addition to the above, Barbara White acquired 38,000 shares of CRBP worth $119,700, and CFO Sean F. Moran acquired 148,960 shares worth just under $500,000, all according to The Cerbat Gem Market News and Analysis (http://nnw.fm/rE7Q6), giving insiders just under 12% ownership of CRBP’s stock.
Other large investors have also raised their stakes in the company. Morgan Stanley raised its position in Corbus Pharmaceuticals Holdings, Inc. by 12.4%, Northern Trust Corp. raised its position by 41%, BlackRock Institutional Trust Company N.A. raised its position by 14.3%, and Milestone Group, Inc. and Bank of New York Mellon Corp. bought new positions worth $102,000 and $155,000, respectively. Outside investors now own 25.39% of CRBP’s stock.
For more information, visit the company’s website at www.corbuspharma.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
OurPet’s Company (OPCO) Brings Innovative Smart Tech Products to Pet Care Market
Smart technology has become an integral part of our lives, from our phones, computers and watches to our cars and homes, which now have more features and can do more than even the smartest computer could 20 years ago. It was an expected and natural step that we carried this passion for smart tech and interconnectivity over to the pet industry as well. Intelligent pet products such as the ones offered by leading pet care solutions provider OurPet’s Company, Inc. (OTCQX: OPCO) are becoming increasingly common, as they enable pet parents to develop a stronger bond with their pets for more complete care and closer monitoring of their health and behavior.
Pet tech has been developing at a rapid pace on a growing market that now has a propensity for high-end products, including state-of-the-art gadgets and premium feeding solutions. This is largely owed to the fact that many pet owners now see their furry friends as actual family members and treat them as such, sparing no expense. The industry has responded to the trend by offering better products, improved formulas and, now, smart tech-powered solutions for every pet. Manufacturers have already rolled out a wide range of high-tech pet products on the market, ranging from smart training collars that allow even remote training to radio-frequency operated flap doors, automatic ball launchers for dogs, and smart feeding bowls that count calories or only open for a specific pet.
Ohio-based OurPet’s Company has already joined the smart pet tech movement with its own line of smart products designed to offer enhanced care and help owners closely monitor their pets’ health. The OurPets® Intelligent Pet Care™ product line (http://nnw.fm/V7fzc) offers a complete range of intelligent pet health monitoring products based on Bluetooth® technology. These products enable owners to keep in touch with their pets and be aware of any changes in their behavior via the IntelligentPetLink™ smartphone app, available for download for both Android and iOS.
The Intelligent Pet Care™ product line includes products such as the SmartLink™ Feeder – Intelligent Pet Bowl (http://nnw.fm/43Kba) and the SmartLink™ Waterer – Intelligent Water Fountain (http://nnw.fm/I9NkH), designed to give your dog or cat the ability to communicate that they may have a health issue by monitoring the key indicators of pet health. The systems communicate with a tag that can be attached to your pet’s collar, and they give access to food or water only when they detect that tag in the vicinity. This makes the SmartLink™ Feeder and Waterer ideal for households with multiple pets or for pets who are on special diets and monitoring of their eating and drinking habits can help the pet parent better understand any health issues with their pet that may arise.
Other products in the Intelligent Pet Care™ line include the SmartScoop® – Intelligent Litter Box (http://nnw.fm/yd7Jn), which monitors elimination behavior and uses infrared technology to detect when your cat uses the litter and engages a scoop mechanism to scoop the waste and keep the box clean. Also available are the SmartLink™ Tag (http://nnw.fm/W2Qyq) and the SmartLink™ Gateway – WiFi Pet Care Connector (http://nnw.fm/84Cre) that converts a Bluetooth® signal into Wi-Fi signals so as to enable owners to monitor their pet’s activity outside the house.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Pet tech has been developing at a rapid pace on a growing market that now has a propensity for high-end products, including state-of-the-art gadgets and premium feeding solutions. This is largely owed to the fact that many pet owners now see their furry friends as actual family members and treat them as such, sparing no expense. The industry has responded to the trend by offering better products, improved formulas and, now, smart tech-powered solutions for every pet. Manufacturers have already rolled out a wide range of high-tech pet products on the market, ranging from smart training collars that allow even remote training to radio-frequency operated flap doors, automatic ball launchers for dogs, and smart feeding bowls that count calories or only open for a specific pet.
Ohio-based OurPet’s Company has already joined the smart pet tech movement with its own line of smart products designed to offer enhanced care and help owners closely monitor their pets’ health. The OurPets® Intelligent Pet Care™ product line (http://nnw.fm/V7fzc) offers a complete range of intelligent pet health monitoring products based on Bluetooth® technology. These products enable owners to keep in touch with their pets and be aware of any changes in their behavior via the IntelligentPetLink™ smartphone app, available for download for both Android and iOS.
The Intelligent Pet Care™ product line includes products such as the SmartLink™ Feeder – Intelligent Pet Bowl (http://nnw.fm/43Kba) and the SmartLink™ Waterer – Intelligent Water Fountain (http://nnw.fm/I9NkH), designed to give your dog or cat the ability to communicate that they may have a health issue by monitoring the key indicators of pet health. The systems communicate with a tag that can be attached to your pet’s collar, and they give access to food or water only when they detect that tag in the vicinity. This makes the SmartLink™ Feeder and Waterer ideal for households with multiple pets or for pets who are on special diets and monitoring of their eating and drinking habits can help the pet parent better understand any health issues with their pet that may arise.
Other products in the Intelligent Pet Care™ line include the SmartScoop® – Intelligent Litter Box (http://nnw.fm/yd7Jn), which monitors elimination behavior and uses infrared technology to detect when your cat uses the litter and engages a scoop mechanism to scoop the waste and keep the box clean. Also available are the SmartLink™ Tag (http://nnw.fm/W2Qyq) and the SmartLink™ Gateway – WiFi Pet Care Connector (http://nnw.fm/84Cre) that converts a Bluetooth® signal into Wi-Fi signals so as to enable owners to monitor their pet’s activity outside the house.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Trans-Lux Corp. (TNLX) is Helping America Flick the Switch to LED Lighting
LED (Light-Emitting Diode) lighting is brightening the homes, offices, factories and public spaces of America. A report from ResearchandMarkets (http://nnw.fm/j5Gm2), issued last month, estimates that the U.S. LED market is set to grow at a CAGR of 8.8 percent from 2016, reaching $8.9 billion by 2022, with as much as half of this growth coming from general lighting. And America is just the beginning. As the world switches from incandescent and fluorescent lighting, the market to replace these legacy systems globally is set to grow even faster. This forecast growth is lighting a bright future for Trans-Lux Corp. (OTC: TNLX), a premier global supplier of engaging LED-based digital display and lighting solutions.
The first lights powered by electricity appeared in the mid-nineteenth century. The arc lamp, invented by Humphry Davy, worked by allowing an electric current to ‘jump’ between two close, but separated, carbon electrodes. The arc of luminous ionized air that resulted provided a bright light. By the late nineteenth century, Edison and others were working on ways to develop incandescent bulbs, which issued light when electricity passed through a filament. In 1904, the adoption of incandescent lighting accelerated after the introduction of tungsten filaments. By the 1930s, however, fluorescent lights were making their debut, and, by the 1950s, they were everywhere. Now, after reigning for over a half a century, fluorescent lighting is about to be deposed by LEDs.
LEDs use semiconductors to convert electricity into light. Their rise to the top of the lighting pecking order stems mainly from their “luminous efficacy”, i.e., their efficient use of power. A light bulb’s efficiency is a measure of emitted light (lumens) divided by the power it draws (watts). A bulb that is 100 percent efficient at converting energy into light would have an efficacy of 683 lumens per watt. To put this in context, a 60- to 100-watt incandescent bulb has an efficacy of 15 lumens per watt, an equivalent fluorescent tube has an efficacy of 73 lumens per watt, and current LED-based replacement bulbs on the market range from 70-120 lumens per watt, with an average efficacy of 85 lumens per watt.
Trans-Lux is certainly playing a part in guiding America through its transition to LED. This is a company that has been innovating since 1920, known globally as a leader in indoor and outdoor digital signage, scoreboards, and lighting solutions for numerous industries, including commercial, education and sports markets. Trans-Lux product offerings fall into three broad categories: scoreboards, video displays and LED lighting.
The LED systems that Trans-Lux designs, manufactures, distributes and services are programmable in real time. They can be fashioned to meet the digital signage needs for a venue of any size, whether indoor or outdoor, and have found application in the financial, banking, gaming, corporate, advertising, transportation, entertainment and sports markets. Trans-Lux lighting fixtures save energy and offer a comprehensive range of the latest LED lighting technologies. This provides private facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.
The company recently filed its latest 10-Q for the quarter ended September 30, 2016. Although it managed quarterly revenues of $5.9 million and income of $140,000 ($0.05 per share), performance was down compared to the third quarter of 2015. CEO Jean-Marc Allain, former president of Panasonic System Solutions, attributed the lower revenues to logistical issues.
“In the third quarter, construction of our new state-of-the art manufacturing facility in St. Louis and the coordination of several facilities has impacted deliveries. However, we fully believe that when complete, our new manufacturing base will provide great and sustained returns and efficiencies. We are confident that shipments that were delayed in third quarter, will be delivered in fourth quarter,” Allain stated in a recent news release (http://nnw.fm/TZWu7).
For more information, visit www.trans-lux.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The first lights powered by electricity appeared in the mid-nineteenth century. The arc lamp, invented by Humphry Davy, worked by allowing an electric current to ‘jump’ between two close, but separated, carbon electrodes. The arc of luminous ionized air that resulted provided a bright light. By the late nineteenth century, Edison and others were working on ways to develop incandescent bulbs, which issued light when electricity passed through a filament. In 1904, the adoption of incandescent lighting accelerated after the introduction of tungsten filaments. By the 1930s, however, fluorescent lights were making their debut, and, by the 1950s, they were everywhere. Now, after reigning for over a half a century, fluorescent lighting is about to be deposed by LEDs.
LEDs use semiconductors to convert electricity into light. Their rise to the top of the lighting pecking order stems mainly from their “luminous efficacy”, i.e., their efficient use of power. A light bulb’s efficiency is a measure of emitted light (lumens) divided by the power it draws (watts). A bulb that is 100 percent efficient at converting energy into light would have an efficacy of 683 lumens per watt. To put this in context, a 60- to 100-watt incandescent bulb has an efficacy of 15 lumens per watt, an equivalent fluorescent tube has an efficacy of 73 lumens per watt, and current LED-based replacement bulbs on the market range from 70-120 lumens per watt, with an average efficacy of 85 lumens per watt.
Trans-Lux is certainly playing a part in guiding America through its transition to LED. This is a company that has been innovating since 1920, known globally as a leader in indoor and outdoor digital signage, scoreboards, and lighting solutions for numerous industries, including commercial, education and sports markets. Trans-Lux product offerings fall into three broad categories: scoreboards, video displays and LED lighting.
The LED systems that Trans-Lux designs, manufactures, distributes and services are programmable in real time. They can be fashioned to meet the digital signage needs for a venue of any size, whether indoor or outdoor, and have found application in the financial, banking, gaming, corporate, advertising, transportation, entertainment and sports markets. Trans-Lux lighting fixtures save energy and offer a comprehensive range of the latest LED lighting technologies. This provides private facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.
The company recently filed its latest 10-Q for the quarter ended September 30, 2016. Although it managed quarterly revenues of $5.9 million and income of $140,000 ($0.05 per share), performance was down compared to the third quarter of 2015. CEO Jean-Marc Allain, former president of Panasonic System Solutions, attributed the lower revenues to logistical issues.
“In the third quarter, construction of our new state-of-the art manufacturing facility in St. Louis and the coordination of several facilities has impacted deliveries. However, we fully believe that when complete, our new manufacturing base will provide great and sustained returns and efficiencies. We are confident that shipments that were delayed in third quarter, will be delivered in fourth quarter,” Allain stated in a recent news release (http://nnw.fm/TZWu7).
For more information, visit www.trans-lux.com
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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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
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ClearOne, Inc. (CLRO) is “One to Watch”
ClearOne, Inc. (NASDAQ: CLRO), a company that designs, develops, and commercializes conferencing, collaboration, and network streaming and signage solutions for voice and visual communications, recently announced its quarterly earnings, reporting a $0.22 earnings per share for the third quarter of 2016.
Although slightly lower than during the same period of the previous year, ClearOne reported revenue of $12.9 million for the quarter with a net margin of 9.78% and a return on equity of 8.5%. Gross profit for the third quarter of 2016 came in at $7.7 million, with net income of $1.2 million and a non-GAAP net income of $2.0 million.
In addition to the above, a number of hedge funds and other investors opened new and increased stock positions in the company. In particular, Wellington Management Group LLP raised its stock position in CLRO by just under 18%, giving it a 7.72% ownership stake of ClearOne, Inc. worth just over $8 million.
According to an article on The Cerbat Gem Market News and Analysis website (http://nnw.fm/cP7zQ), Morgan Stanley and Northern Trust Corp. raised their positions in shares by 373.8% and 1.9%, respectively, giving them both stakes worth more than $100,000. Vanguard Group, Inc. also raised its position in shares of CLRO by 0.4%, giving it shares of the company’s stock worth more than $1.5 million. As a result of these new and increased stock positions, hedge funds and other investors now own just under 19% of the company, with CLRO Director Larry Hendricks buying shares valued at $232,554.
ClearOne also recently announced that it will be paying a quarterly dividend to investors of $0.05. This adds up to a $0.20 yearly dividend, giving the company a dividend payout ratio of 37.74%. The company has also been the topic of several recent research reports.
The Cerbat Gem Market News and Analysis site referred to above also reported that, while The Street recently lowered shares for ClearOne from a ‘Buy’ rating to a ‘Hold’ rating, Zacks Investment Research upgraded the company’s rating from ‘Hold’ to ‘Buy’ with a target price of $13. In addition, B. Riley gave the company a ‘Buy’ rating with a target price of $13.25. Lastly, Singular Research also gave the company a ‘Buy’ rating with a price objective on its stock of $14.50.
Finally, ClearOne has also now entered into a new distribution agreement with National Source AV whereby National Source AV will represent ClearOne’s media collaboration, UC voice portfolios, and video conferencing to a variety of consultants and other potential stakeholders across Canada.
For more information, visit the company’s website at www.clearone.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Although slightly lower than during the same period of the previous year, ClearOne reported revenue of $12.9 million for the quarter with a net margin of 9.78% and a return on equity of 8.5%. Gross profit for the third quarter of 2016 came in at $7.7 million, with net income of $1.2 million and a non-GAAP net income of $2.0 million.
In addition to the above, a number of hedge funds and other investors opened new and increased stock positions in the company. In particular, Wellington Management Group LLP raised its stock position in CLRO by just under 18%, giving it a 7.72% ownership stake of ClearOne, Inc. worth just over $8 million.
According to an article on The Cerbat Gem Market News and Analysis website (http://nnw.fm/cP7zQ), Morgan Stanley and Northern Trust Corp. raised their positions in shares by 373.8% and 1.9%, respectively, giving them both stakes worth more than $100,000. Vanguard Group, Inc. also raised its position in shares of CLRO by 0.4%, giving it shares of the company’s stock worth more than $1.5 million. As a result of these new and increased stock positions, hedge funds and other investors now own just under 19% of the company, with CLRO Director Larry Hendricks buying shares valued at $232,554.
ClearOne also recently announced that it will be paying a quarterly dividend to investors of $0.05. This adds up to a $0.20 yearly dividend, giving the company a dividend payout ratio of 37.74%. The company has also been the topic of several recent research reports.
The Cerbat Gem Market News and Analysis site referred to above also reported that, while The Street recently lowered shares for ClearOne from a ‘Buy’ rating to a ‘Hold’ rating, Zacks Investment Research upgraded the company’s rating from ‘Hold’ to ‘Buy’ with a target price of $13. In addition, B. Riley gave the company a ‘Buy’ rating with a target price of $13.25. Lastly, Singular Research also gave the company a ‘Buy’ rating with a price objective on its stock of $14.50.
Finally, ClearOne has also now entered into a new distribution agreement with National Source AV whereby National Source AV will represent ClearOne’s media collaboration, UC voice portfolios, and video conferencing to a variety of consultants and other potential stakeholders across Canada.
For more information, visit the company’s website at www.clearone.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Monday, November 28, 2016
MiMedx Group, Inc. (MDXG) set to Triple Revenues by Healing Wounds Faster
To paraphrase the renowned German playwright, Bertolt Brecht, nature does not remember kisses on the cheek. Wounds, on the other hand, perversely leave scars. Perhaps fortunately, kisses leave no mark, but injuries to the body do. And the scars of such damage not only disfigure appearances but result in adhesion, which occurs when scars bind with surrounding tissue.
Luckily, however, advances in the field of regenerative medicine may soon relegate scar tissue to the indecipherable lyrics of a Red Hot Chili Peppers ballad. MiMedx Group, Inc. (NASDAQ: MDXG) is now bringing comfort to the wounded with its groundbreaking amniotic tissue allografts that promote tissue regeneration.
Scar tissue, however, is not the only issue that MiMedx is addressing. Its regenerative therapies based on amniotic tissue not only reduce scarring but modulate inflammation and enhance the healing process. This trifecta of winning outcomes has driven MiMedx to the top. In the span of eight years, the company has risen to become the world’s premier processor and supplier of human amniotic tissue and has, to date, distributed over 700,000 amniotic tissue grafts worldwide. Successful clinical outcomes have been achieved in a variety of therapeutic settings, including ophthalmology, spinal, chronic wounds, dental, orthopedic surgery, sports medicine, and urology.
Tissue derived from the amniotic membrane, which is the innermost layer of the placenta, is the building block of the MiMedx regenerative therapies. Normally, a mother’s placenta, or afterbirth, along with the amniotic membrane, is discarded as medical waste. However, through its Placenta Donation Program (http://nnw.fm/cV5ms), MiMedx allows mothers, delivering healthy babies by planned Caesarean section, to donate their placentas. The amniotic membrane is then separated from the rest of the placenta and subjected to MiMedx’s proprietary Purion® technology, which is the foundation of its two lead products: AmnioFix® and EpiFix®.
The AmnioFix® and EpiFix® allograft solutions are MiMedx’s chief wound care (and company) products. Both allografts have an advantage over competitive products in that they can be stored at room temperature for five years without the need for refrigeration or freezing. As a result, they can be used right out of the package without a complicated thawing process. These critical qualities of the MiMedx® allografts allow hospitals, clinics, and surgeons to quickly provide the appropriate treatment while effectively managing their inventory of allografts.
The care of wounds is an undeveloped market. In a report issued earlier this month, Aegis Capital (http://nnw.fm/Cw7c3) estimated that MiMedx commanded a 60 percent share of the amniotic tissue market, a market that is, at present, growing by roughly 15 percent annually. MiMedx derives about three-quarters of its revenues from its amniotic tissue business. Together with its Surgical, Sports Medicine, and Other (SSO) business lines, Aegis expects that by 2020, the company will triple revenues to $560 million and earn one dollar in EPS (earnings per share). There are numerous caveats, however. Gross margin must stay in the low 80 percent range; operating margin must hover around 30 percent; and sales, general and administration (SG&A) expenses must not exceed half of sales.
Management is certainly expecting growth. The company has been engaged in an aggressive $60 million share buyback program, which could be signaling undervaluation. The Aegis analysts certainly think so. They have put a ‘Buy’ rating and price target of $12.00 on MiMedx. The stock is current trading at around $9.90 on the NASDAQ under the symbol MDXG.
For more information, visit www.mimedx.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Luckily, however, advances in the field of regenerative medicine may soon relegate scar tissue to the indecipherable lyrics of a Red Hot Chili Peppers ballad. MiMedx Group, Inc. (NASDAQ: MDXG) is now bringing comfort to the wounded with its groundbreaking amniotic tissue allografts that promote tissue regeneration.
Scar tissue, however, is not the only issue that MiMedx is addressing. Its regenerative therapies based on amniotic tissue not only reduce scarring but modulate inflammation and enhance the healing process. This trifecta of winning outcomes has driven MiMedx to the top. In the span of eight years, the company has risen to become the world’s premier processor and supplier of human amniotic tissue and has, to date, distributed over 700,000 amniotic tissue grafts worldwide. Successful clinical outcomes have been achieved in a variety of therapeutic settings, including ophthalmology, spinal, chronic wounds, dental, orthopedic surgery, sports medicine, and urology.
Tissue derived from the amniotic membrane, which is the innermost layer of the placenta, is the building block of the MiMedx regenerative therapies. Normally, a mother’s placenta, or afterbirth, along with the amniotic membrane, is discarded as medical waste. However, through its Placenta Donation Program (http://nnw.fm/cV5ms), MiMedx allows mothers, delivering healthy babies by planned Caesarean section, to donate their placentas. The amniotic membrane is then separated from the rest of the placenta and subjected to MiMedx’s proprietary Purion® technology, which is the foundation of its two lead products: AmnioFix® and EpiFix®.
The AmnioFix® and EpiFix® allograft solutions are MiMedx’s chief wound care (and company) products. Both allografts have an advantage over competitive products in that they can be stored at room temperature for five years without the need for refrigeration or freezing. As a result, they can be used right out of the package without a complicated thawing process. These critical qualities of the MiMedx® allografts allow hospitals, clinics, and surgeons to quickly provide the appropriate treatment while effectively managing their inventory of allografts.
The care of wounds is an undeveloped market. In a report issued earlier this month, Aegis Capital (http://nnw.fm/Cw7c3) estimated that MiMedx commanded a 60 percent share of the amniotic tissue market, a market that is, at present, growing by roughly 15 percent annually. MiMedx derives about three-quarters of its revenues from its amniotic tissue business. Together with its Surgical, Sports Medicine, and Other (SSO) business lines, Aegis expects that by 2020, the company will triple revenues to $560 million and earn one dollar in EPS (earnings per share). There are numerous caveats, however. Gross margin must stay in the low 80 percent range; operating margin must hover around 30 percent; and sales, general and administration (SG&A) expenses must not exceed half of sales.
Management is certainly expecting growth. The company has been engaged in an aggressive $60 million share buyback program, which could be signaling undervaluation. The Aegis analysts certainly think so. They have put a ‘Buy’ rating and price target of $12.00 on MiMedx. The stock is current trading at around $9.90 on the NASDAQ under the symbol MDXG.
For more information, visit www.mimedx.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Brekford Corp. (BFDI) is “One to Watch”
Calvert County, Maryland, has been working with Brekford Corporation (OTCQX: BFDI), a company in the business of producing and commercializing state-of-the-art public safety technology and automated traffic enforcement solutions for a variety of industries, including the military, U.S. government, and municipalities, among others. The arrangement was put in place in order for Brekford to provide and maintain traffic cameras now placed outside of schools and other facilities.
Since the new installments were put in place, Calvert County has completed the warning period and begun issuing violation notices. Brekford has deployed its seventh red light enforcement system in New Rochelle, New York. Twelve of these photo enforcement systems have been approved by the State of New York with approximately 40 approaches. Brekford is responsible for working with New Rochelle representatives to provide complete coverage in the coming months.
Looking further afield, the company terminated an exclusive distribution agreement with its Mexico-based partner, but started discussing the potential for a direct agreement with the city of Saltillo, Mexico. Other cities in Mexico have shown an interest in implementing photo enforcement programs using the company’s technology. BFDI also recently won competitive solicitation with a federal agency for a five-year contract.
In addition, in May of this year, BFDI announced that it filed a provisional patent application with the United States Patent and Trademark Office (USPTO) regarding technologies associated with the automated detection and photo enforcement of electronic distracted driving violations. The company is continuing to explore a variety of methods that could further enhance traffic safety across the areas it serves.
Following this, Brekford Corp. announced its financial results for the third quarter of 2016 (http://nnw.fm/6K6pm), reporting a gross profit margin increase to 22.9%, as compared to 15.4% in the same period of the previous year. The gross margin of the company’s ATSE (automated traffic safety enforcement) services products area increased by approximately 8%, and vehicle services gross margin nearly doubled since last year. Despite overall loss having increased by approximately $20,000, operating expenses decreased by $60,000 this year, and operating income increased from $6,350 in 2015 to $56,523 in 2016.
For more information, visit the company’s website at www.brekford.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Since the new installments were put in place, Calvert County has completed the warning period and begun issuing violation notices. Brekford has deployed its seventh red light enforcement system in New Rochelle, New York. Twelve of these photo enforcement systems have been approved by the State of New York with approximately 40 approaches. Brekford is responsible for working with New Rochelle representatives to provide complete coverage in the coming months.
Looking further afield, the company terminated an exclusive distribution agreement with its Mexico-based partner, but started discussing the potential for a direct agreement with the city of Saltillo, Mexico. Other cities in Mexico have shown an interest in implementing photo enforcement programs using the company’s technology. BFDI also recently won competitive solicitation with a federal agency for a five-year contract.
In addition, in May of this year, BFDI announced that it filed a provisional patent application with the United States Patent and Trademark Office (USPTO) regarding technologies associated with the automated detection and photo enforcement of electronic distracted driving violations. The company is continuing to explore a variety of methods that could further enhance traffic safety across the areas it serves.
Following this, Brekford Corp. announced its financial results for the third quarter of 2016 (http://nnw.fm/6K6pm), reporting a gross profit margin increase to 22.9%, as compared to 15.4% in the same period of the previous year. The gross margin of the company’s ATSE (automated traffic safety enforcement) services products area increased by approximately 8%, and vehicle services gross margin nearly doubled since last year. Despite overall loss having increased by approximately $20,000, operating expenses decreased by $60,000 this year, and operating income increased from $6,350 in 2015 to $56,523 in 2016.
For more information, visit the company’s website at www.brekford.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Singlepoint, Inc. (SING) Leveraging Its Existing Foothold to Be a First Mover in California’s Cannabis Industry
With voters in California having passed the Election Day ballot initiative to legalize marijuana for recreational purposes, estimates released in The Marijuana Business Daily (http://nnw.fm/mAY9j) reported that California’s recreational marijuana industry could eventually generate anywhere between $4.5 and $5 billion in annual retail sales. The article states that, in addition to enabling California to reclaim its mantle as the capital of the cannabis trade, it would also position the state as the most attractive market for business opportunities.
Proposition 64 now enables adults aged 21 and over to use and possess an ounce or less of marijuana for nonmedical purposes. Not only this, individuals will also be allowed to grow up to six plants in their homes. The Proposition imposes a 15% tax on sales, expected to generate an additional $1 billion in annual tax revenues, all according to an article in Business Insider (http://nnw.fm/FtNd0).
Although seven other states also legalized the use of recreational marijuana, California is the state with the largest economy, meaning the national legitimate weed industry has tripled in size, according to an article published in The Verge (http://nnw.fm/lG7wk). The article also states that “California’s marijuana industry could be bigger than its famed wine businesses.” The market for both recreational and medical marijuana is now expected to grow from $7 billion this year to a huge $22 billion by 2020.
That said, there are still issues that haven’t been resolved regarding the new legislation surrounding recreational marijuana in California. The state still needs to establish where marijuana fits regarding driving under the influence of the substance. Up to now the Drug Enforcement Administration (DEA) has rejected appeals to stop classifying marijuana as a Schedule I drug. Now, the DEA accepts tax money from the marijuana industry. However, because of the ban, companies are not able to accept credit cards or open bank accounts in many cases.
With so many companies currently aiming to capitalize on the new legislation surrounding recreational marijuana, such problems are expected to become more common. As a result, Singlepoint, Inc. (OTC: SING) subsidiary SingleSeed is gearing up its offering of credit card processing solutions for the cannabis industry.
Several years ago, the company established itself within the industry by creating key relationships and offering payment processing services to businesses in Colorado and Washington State. Today, SingleSeed believes that, with the high demand for marijuana on the horizon, it could lead to policy changes making banking more accessible for legal cannabis related businesses. SingleSeed will be collaborating with its technology partners to develop a marketing program designed specifically for businesses within the marijuana industry. This will allow consumers to make mobile debit and credit card payments.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Proposition 64 now enables adults aged 21 and over to use and possess an ounce or less of marijuana for nonmedical purposes. Not only this, individuals will also be allowed to grow up to six plants in their homes. The Proposition imposes a 15% tax on sales, expected to generate an additional $1 billion in annual tax revenues, all according to an article in Business Insider (http://nnw.fm/FtNd0).
Although seven other states also legalized the use of recreational marijuana, California is the state with the largest economy, meaning the national legitimate weed industry has tripled in size, according to an article published in The Verge (http://nnw.fm/lG7wk). The article also states that “California’s marijuana industry could be bigger than its famed wine businesses.” The market for both recreational and medical marijuana is now expected to grow from $7 billion this year to a huge $22 billion by 2020.
That said, there are still issues that haven’t been resolved regarding the new legislation surrounding recreational marijuana in California. The state still needs to establish where marijuana fits regarding driving under the influence of the substance. Up to now the Drug Enforcement Administration (DEA) has rejected appeals to stop classifying marijuana as a Schedule I drug. Now, the DEA accepts tax money from the marijuana industry. However, because of the ban, companies are not able to accept credit cards or open bank accounts in many cases.
With so many companies currently aiming to capitalize on the new legislation surrounding recreational marijuana, such problems are expected to become more common. As a result, Singlepoint, Inc. (OTC: SING) subsidiary SingleSeed is gearing up its offering of credit card processing solutions for the cannabis industry.
Several years ago, the company established itself within the industry by creating key relationships and offering payment processing services to businesses in Colorado and Washington State. Today, SingleSeed believes that, with the high demand for marijuana on the horizon, it could lead to policy changes making banking more accessible for legal cannabis related businesses. SingleSeed will be collaborating with its technology partners to develop a marketing program designed specifically for businesses within the marijuana industry. This will allow consumers to make mobile debit and credit card payments.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Wednesday, November 23, 2016
Net Element, Inc. (NETE) Has Its Fingers in Many Online & Mobile Payment Pies
There is a palatable plate of pies in the online and mobile payments food chain, and Net Element, Inc. (NASDAQ: NETE) is a company with its fingers in many of those. According to industry analysts Euromonitor, global e-commerce sales are set to reach $1.2 trillion this year, up from $1.0 trillion in 2015. Continued growth is widely anticipated. The forecasts for 2017 and 2018 are $1.4 trillion and $1.6 trillion, respectively, and at present, mobile e-commerce business comprises about a quarter of those figures.
In addition, the global point-of-sale terminals market is, according to Grand View Research (http://nnw.fm/Ovj1T), ‘expected to reach USD 113.27 billion by 2024’, with mobile point-of-sale accounting for about three-quarters of that segment. Those are awfully large pies for the taking, and global technology-driven company Net Element, specializing in mobile payments and value-added transactional services, is laying the table with a smorgasbord of products for retailers and consumers alike.
Net Element’s transactional services business has been doing particularly well. A report from Zack’s Small-Cap Research (http://nnw.fm/iQK00) detailed that revenues from the company’s ‘US card processing services, grew a healthy 42.9% from $7.8 million to $11.2 million– all internally’ during the third quarter of 2016. Revenues for the nine months to September 30, 2016, were $29.4 million, representing 76 percent of total revenues.
The transactional services business enables merchants to accept credit cards, debit cards, gift cards, checks, loyalty programs and alternative payment methods. And both traditional card-present or swipe transactions and card-not-present transactions, such as those conducted over the phone, through the Internet or on a mobile device, can be accommodated.
The mobile payments business, operating under the subsidiary Digital Provider, LLC, recorded sales of $5.0 million for the nine months to September 30, 2016. Digital Provider offers carrier-integrated mobile payments solutions over an extensive geographic coverage capitalizing on Net Element’s existing relationships with mobile operators.
Net Element’s PayOnline transactional gateway services had revenues of $4.5 million for the nine months to September 30, 2016. This Net Element division provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment and specializes in integration and customization of payment solutions for websites and mobile apps. Presently, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with a number of leading Global Distribution Systems, such as Amadeus and Sabre.
Net Element has also developed, Aptito, a unique restaurant point-of-sale product that aims to use mobility to give managers and staff greater control. The Aptito iOS cloud-based platform offers a comprehensive array of management and payment services specially designed for the food and beverage industry. Aptito features digital menus (instead of traditional laminated paper stock ones), mobile point-of-sale (no running back and forth between tables and counter) and a Mobile Communicator that allows wait staff to send orders directly to the bar or kitchen. Aptito will reduce the time and energy wait staff expend going in person from diners to kitchen and back, undoubtedly improving customer service.
The Zacks report paints a rosy future for Net Element, setting a valuation based on 7.5 times the enterprise value to trailing 12-month gross margin. This indicates the stock could be worth $4.18 if it were profitable, rising ‘to $7.30 next year using 2016 estimated gross margin of $10.6 million and a share count of 17 million shares’.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
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In addition, the global point-of-sale terminals market is, according to Grand View Research (http://nnw.fm/Ovj1T), ‘expected to reach USD 113.27 billion by 2024’, with mobile point-of-sale accounting for about three-quarters of that segment. Those are awfully large pies for the taking, and global technology-driven company Net Element, specializing in mobile payments and value-added transactional services, is laying the table with a smorgasbord of products for retailers and consumers alike.
Net Element’s transactional services business has been doing particularly well. A report from Zack’s Small-Cap Research (http://nnw.fm/iQK00) detailed that revenues from the company’s ‘US card processing services, grew a healthy 42.9% from $7.8 million to $11.2 million– all internally’ during the third quarter of 2016. Revenues for the nine months to September 30, 2016, were $29.4 million, representing 76 percent of total revenues.
The transactional services business enables merchants to accept credit cards, debit cards, gift cards, checks, loyalty programs and alternative payment methods. And both traditional card-present or swipe transactions and card-not-present transactions, such as those conducted over the phone, through the Internet or on a mobile device, can be accommodated.
The mobile payments business, operating under the subsidiary Digital Provider, LLC, recorded sales of $5.0 million for the nine months to September 30, 2016. Digital Provider offers carrier-integrated mobile payments solutions over an extensive geographic coverage capitalizing on Net Element’s existing relationships with mobile operators.
Net Element’s PayOnline transactional gateway services had revenues of $4.5 million for the nine months to September 30, 2016. This Net Element division provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment and specializes in integration and customization of payment solutions for websites and mobile apps. Presently, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with a number of leading Global Distribution Systems, such as Amadeus and Sabre.
Net Element has also developed, Aptito, a unique restaurant point-of-sale product that aims to use mobility to give managers and staff greater control. The Aptito iOS cloud-based platform offers a comprehensive array of management and payment services specially designed for the food and beverage industry. Aptito features digital menus (instead of traditional laminated paper stock ones), mobile point-of-sale (no running back and forth between tables and counter) and a Mobile Communicator that allows wait staff to send orders directly to the bar or kitchen. Aptito will reduce the time and energy wait staff expend going in person from diners to kitchen and back, undoubtedly improving customer service.
The Zacks report paints a rosy future for Net Element, setting a valuation based on 7.5 times the enterprise value to trailing 12-month gross margin. This indicates the stock could be worth $4.18 if it were profitable, rising ‘to $7.30 next year using 2016 estimated gross margin of $10.6 million and a share count of 17 million shares’.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Agora Holdings, Inc. (AGHI) Contributes to Organizational Bottom Lines with FRAME
The bottom line is the net earnings of an organization, which most companies try and improve by growing revenue and increasing efficiency. There are many ways of doing this, and social media has become an ever increasing factor that companies are continuously learning about and expanding on. Most companies today have some form of social media strategy that helps them connect and engage successfully with their target markets.
Most social media strategies include identifying business goals, setting marketing objectives, identifying target markets, doing research into the competition, choosing which platforms are best suited, creating a content strategy, establishing a budget and securing the necessary resources to maintain the strategy.
Aside from improving sales and increasing traffic, 66% of marketers who spend just six hours a week on social media see benefits in their lead generation, and almost half of these people see their marketing costs drop, according to Hubspot (http://nnw.fm/RZn4m). However, until recently, companies have been running their social media platforms separately. This means they have been required to spend a certain amount of time on each platform to ensure they are being maintained to the standards of their strategies.
FRAME, a new social media management software for businesses, introduced to the market by Agora Holdings, Inc. (OTC: AGHI), is a technology that allows organizations to use a single dashboard to manage every aspect of their social media platforms. Aside from being able to publish brand-relevant messages to all accounts, companies can build campaigns more quickly and efficiently. This, in turn, cuts costs while allowing for further growth and deeper interaction.
In addition to a range of customer care tools, analytics, and reporting, the social media management software contributes hugely to an organization’s bottom line, saving it time and money. FRAME allows businesses to publish content that is not only relevant but also fits in perfectly with strategic objectives. FRAME is currently integrated with Twitter (NYSE: TWTR), Facebook (NASDAQ: FB), and Instagram, and it is now being explored for integration with LinkedIn (NYSE: LNKD), Google+ (NASDAQ: GOOG; GOOGL), YouTube, and Tumblr (NASDAQ: YHOO).
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Most social media strategies include identifying business goals, setting marketing objectives, identifying target markets, doing research into the competition, choosing which platforms are best suited, creating a content strategy, establishing a budget and securing the necessary resources to maintain the strategy.
Aside from improving sales and increasing traffic, 66% of marketers who spend just six hours a week on social media see benefits in their lead generation, and almost half of these people see their marketing costs drop, according to Hubspot (http://nnw.fm/RZn4m). However, until recently, companies have been running their social media platforms separately. This means they have been required to spend a certain amount of time on each platform to ensure they are being maintained to the standards of their strategies.
FRAME, a new social media management software for businesses, introduced to the market by Agora Holdings, Inc. (OTC: AGHI), is a technology that allows organizations to use a single dashboard to manage every aspect of their social media platforms. Aside from being able to publish brand-relevant messages to all accounts, companies can build campaigns more quickly and efficiently. This, in turn, cuts costs while allowing for further growth and deeper interaction.
In addition to a range of customer care tools, analytics, and reporting, the social media management software contributes hugely to an organization’s bottom line, saving it time and money. FRAME allows businesses to publish content that is not only relevant but also fits in perfectly with strategic objectives. FRAME is currently integrated with Twitter (NYSE: TWTR), Facebook (NASDAQ: FB), and Instagram, and it is now being explored for integration with LinkedIn (NYSE: LNKD), Google+ (NASDAQ: GOOG; GOOGL), YouTube, and Tumblr (NASDAQ: YHOO).
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Fundamental Research Corp. Raises Revenue Forecast for eXp World Holdings (EXPI) after Record Q3 Results
Independent research group Fundamental Research Corp. announced that it has updated its analysis of eXp World holdings, Inc. (OTCQB: EXPI) with an increased fair value estimate and revenue forecast after the company’s record financial results in the third quarter of 2016. The research firm began coverage of eXp World Holdings in April and has already updated its projections once in August amid the group’s unprecedented high growth driven by its real estate brokerage division, eXp Realty.
eXp Realty has remained the driving force behind the group’s increase throughout the last few months, as it is currently one of the fastest growing real estate brokerages on the U.S. market, having nearly tripled in size and operations since inception. The Agent-Owned Cloud Brokerage™ currently has more than 2,200 real estate professionals serving 41 states, the District of Columbia, and Alberta, Canada. eXp Realty had only 864 agents on January 1 of this year and 1,580 in August, when the previous Fundamental Research Corp. report was released.
In its latest report (http://nnw.fm/G4Lnk), released on Monday, Fundamental Research Corp. raised its year-end agent forecast to 2,400, up 300 from its previous estimate of 2,100. The research group also raised its average agent count for 2017 while maintaining its year-end estimate at 4,500 agents. The long-term agent count forecast was also raised from 15,000 to 25,000 by 2022. According to the report, EXPI’s ability to attract successful real estate professionals at such an impressive rate is vital and will enable the company to continue its rapid growth of its agent base.
The revenue forecast for 2016 was also raised to $53.46 million from $48.94 million. For 2017, the research group estimates a higher revenue of $101.43 million, compared to the previous estimate of $82.50 million. Noting that EXPI’s revenues in Q3 increased by 112% year-over-year to $15.77 million, and that total revenues for the first nine months of 2016 were $36.18 million, 120% higher than the same reporting period last year, Fundamental Research Corp reiterated its ‘Buy’ rating for the company, with a raised fair value estimate of $6.78 per share compared to the current $4.06 per share.
The research group also reiterated its risk rating of 4 for the company, outlining the following potential risks: the high competitive nature of the real estate brokerage industry, the company’s overall profitability being very dependent on the health and state of the real estate market, the fact that the company is still in a growth stage with a rather short track record and has yet to prove its ability to retain agents long-term, and the company being susceptible to negative regulatory law changes, as any other real estate brokerage on the market.
The company’s exponential growth rate is the direct result of eXp Realty’s unique business model that relies heavily on cloud-based technologies and advanced virtual reality platforms to build a strong online community of real estate professionals. Without the limitations of a brick and mortar office and related expenses, members can provide efficient customer service and increase their profits with a lower risk. The company also offers all agents the possibility of being owners by giving them access to revenue sharing programs and the opportunity to become shareholders based on their contribution to company growth.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
eXp Realty has remained the driving force behind the group’s increase throughout the last few months, as it is currently one of the fastest growing real estate brokerages on the U.S. market, having nearly tripled in size and operations since inception. The Agent-Owned Cloud Brokerage™ currently has more than 2,200 real estate professionals serving 41 states, the District of Columbia, and Alberta, Canada. eXp Realty had only 864 agents on January 1 of this year and 1,580 in August, when the previous Fundamental Research Corp. report was released.
In its latest report (http://nnw.fm/G4Lnk), released on Monday, Fundamental Research Corp. raised its year-end agent forecast to 2,400, up 300 from its previous estimate of 2,100. The research group also raised its average agent count for 2017 while maintaining its year-end estimate at 4,500 agents. The long-term agent count forecast was also raised from 15,000 to 25,000 by 2022. According to the report, EXPI’s ability to attract successful real estate professionals at such an impressive rate is vital and will enable the company to continue its rapid growth of its agent base.
The revenue forecast for 2016 was also raised to $53.46 million from $48.94 million. For 2017, the research group estimates a higher revenue of $101.43 million, compared to the previous estimate of $82.50 million. Noting that EXPI’s revenues in Q3 increased by 112% year-over-year to $15.77 million, and that total revenues for the first nine months of 2016 were $36.18 million, 120% higher than the same reporting period last year, Fundamental Research Corp reiterated its ‘Buy’ rating for the company, with a raised fair value estimate of $6.78 per share compared to the current $4.06 per share.
The research group also reiterated its risk rating of 4 for the company, outlining the following potential risks: the high competitive nature of the real estate brokerage industry, the company’s overall profitability being very dependent on the health and state of the real estate market, the fact that the company is still in a growth stage with a rather short track record and has yet to prove its ability to retain agents long-term, and the company being susceptible to negative regulatory law changes, as any other real estate brokerage on the market.
The company’s exponential growth rate is the direct result of eXp Realty’s unique business model that relies heavily on cloud-based technologies and advanced virtual reality platforms to build a strong online community of real estate professionals. Without the limitations of a brick and mortar office and related expenses, members can provide efficient customer service and increase their profits with a lower risk. The company also offers all agents the possibility of being owners by giving them access to revenue sharing programs and the opportunity to become shareholders based on their contribution to company growth.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
GainClients, Inc. (GCLT) Using Mobile Technology to Change the Real Estate Industry
The use of mobile devices is on the rise. Consumers across the globe want to be able to research, communicate, shop, and generally do pretty much everything on a mobile basis. It’s a well-known fact that websites not optimized for mobile use do not reach the same audience and, in turn, miss out on leads and sales. Since the launch of Apple and Android products and applications, the mobile world has changed.
Every industry has seen a shift toward this new phenomenon, and the real estate industry is no exception. Aside from transaction management being made easier, the new era of mobile technology is a development in client engagement and the way merchants, or in this case realtors, communicate with their consumers. Today, clients not only expect faster responses, but increased access to their real estate agents and brokers.
Because mobile technology now equips on-the-go consumers with more information than ever before, the job of the real estate agent has begun to shift. Instead of finding properties for their clients, real estate agents now often spend their time vetting properties that clients have found themselves online. Agents and brokers are now able to complete the majority of the research and work for the client through their mobile devices.
According to an infographic designed by Wolf Net (http://nnw.fm/EI1bw), 89% of home shoppers use mobile devices to undertake their property search. GainClients, Inc. (OTC: GCLT), a software service company developing marketing services for real estate professionals and valuable home search and area information tools for consumers, is now promoting its new service, the GCard.
The GCard is a web and mobile real estate networking system for industry professionals and consumers. The platform brings together the entire real estate industry via a text or email invitation and helps real estate professionals serve clients by allowing them to share a range of important real estate data. The GCard has been designed to help build relationships among realtors and consumers by capitalizing on the ongoing transition toward mobile solutions.
The growth of mobile technology, combined with applications such as GainClients’ GCard, not only enables potential property buyers to have access to property details and images but also allows real estate agents and brokers to stay ahead of the game from a marketing and customer care point of view. This enhanced communication platform makes the process of buying and/or selling a home quicker and easier for both parties.
For more information, visit the company’s website at www.gainclients.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Every industry has seen a shift toward this new phenomenon, and the real estate industry is no exception. Aside from transaction management being made easier, the new era of mobile technology is a development in client engagement and the way merchants, or in this case realtors, communicate with their consumers. Today, clients not only expect faster responses, but increased access to their real estate agents and brokers.
Because mobile technology now equips on-the-go consumers with more information than ever before, the job of the real estate agent has begun to shift. Instead of finding properties for their clients, real estate agents now often spend their time vetting properties that clients have found themselves online. Agents and brokers are now able to complete the majority of the research and work for the client through their mobile devices.
According to an infographic designed by Wolf Net (http://nnw.fm/EI1bw), 89% of home shoppers use mobile devices to undertake their property search. GainClients, Inc. (OTC: GCLT), a software service company developing marketing services for real estate professionals and valuable home search and area information tools for consumers, is now promoting its new service, the GCard.
The GCard is a web and mobile real estate networking system for industry professionals and consumers. The platform brings together the entire real estate industry via a text or email invitation and helps real estate professionals serve clients by allowing them to share a range of important real estate data. The GCard has been designed to help build relationships among realtors and consumers by capitalizing on the ongoing transition toward mobile solutions.
The growth of mobile technology, combined with applications such as GainClients’ GCard, not only enables potential property buyers to have access to property details and images but also allows real estate agents and brokers to stay ahead of the game from a marketing and customer care point of view. This enhanced communication platform makes the process of buying and/or selling a home quicker and easier for both parties.
For more information, visit the company’s website at www.gainclients.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Moxian, Inc. (MOXC) Making Strides toward 2016 Expansion Plans
This has been a successful year for Moxian, Inc. (NASDAQ: MOXC). The company, a China-based provider of social media marketing and promotion platforms, has been making progress toward achieving its plans for expansion. Since its beginnings in 2010, MOXC has launched the Moxian+ User Application for consumers to take advantage of various social networking tools, rewards, activities, and games. Separately, the company launched its Moxian+ Business Application, allowing merchants to build relationships with consumers and manage advertising.
With China leading the O2O market today, it is no surprise that MOXC has been targeting small- to medium-sized businesses in the larger metropolitan areas of China. In January of this year, Moxian established its Beijing subsidiary, Moxian Technologies (Beijing) Co. Ltd., in the Dongcheng district of Beijing. This new corporate subsidiary is focused on growing sales in the Beijing area. The company also plans to expand its in-house sales team in Beijing to 50 salespeople in order to pursue maximum market penetration.
In addition, according to an updated coverage report of Moxian, Inc. undertaken by Crystal Equity Research (http://nnw.fm/Y3jxZ) and released on August 30 of this year, the company has “perfected and tested its O2O platform in Asian markets and is homing in on the largest metropolitan areas in China.” The report also states that Moxian should see a dramatic increase in revenue from merchant subscriptions, as it has now opened direct sales offices in some of the most popular areas of China. Moxian could also be building distribution partnerships with third parties that already have significant relationships with merchants.
Driving more sales and expanding to Beijing are not the only highlights from 2016. Recently, MOXC uplisted to the Nasdaq Capital Market. The release of this news was accompanied by that of Moxian completing a best efforts public offering of over 2.5 million shares of its common stock at a public offering price of $4 per share. This uplisting will play a key role in widening MOXC’s visibility within the investment world as well as increasing shareholder value.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
With China leading the O2O market today, it is no surprise that MOXC has been targeting small- to medium-sized businesses in the larger metropolitan areas of China. In January of this year, Moxian established its Beijing subsidiary, Moxian Technologies (Beijing) Co. Ltd., in the Dongcheng district of Beijing. This new corporate subsidiary is focused on growing sales in the Beijing area. The company also plans to expand its in-house sales team in Beijing to 50 salespeople in order to pursue maximum market penetration.
In addition, according to an updated coverage report of Moxian, Inc. undertaken by Crystal Equity Research (http://nnw.fm/Y3jxZ) and released on August 30 of this year, the company has “perfected and tested its O2O platform in Asian markets and is homing in on the largest metropolitan areas in China.” The report also states that Moxian should see a dramatic increase in revenue from merchant subscriptions, as it has now opened direct sales offices in some of the most popular areas of China. Moxian could also be building distribution partnerships with third parties that already have significant relationships with merchants.
Driving more sales and expanding to Beijing are not the only highlights from 2016. Recently, MOXC uplisted to the Nasdaq Capital Market. The release of this news was accompanied by that of Moxian completing a best efforts public offering of over 2.5 million shares of its common stock at a public offering price of $4 per share. This uplisting will play a key role in widening MOXC’s visibility within the investment world as well as increasing shareholder value.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Net Element, Inc. (NETE) Announces Partnership with Oldest Bank in the United Arab Emirates
Before the opening bell, Net Element, Inc. (NASDAQ: NETE), through subsidiary Net Element FZ, LLC, announced its entry into a new agreement with Mashreqbank, a leading financial institution operating in the United Arab Emirates that’s recognized as one of the most innovative banks in the Gulf Region. Under the terms of the agreement, Net Element will provide a number of transaction services to Mashreqbank, including transaction clearing, draft capture and settlement of bankcard transactions across multiple currencies, as well as full integration of its proprietary Internet Payment Gateway and risk management services.
“We are excited about our partnership with the award-winning Mashreqbank, UAE’s leading financial institution,” Suresh Menon, chief executive officer and managing director of Net Element FZ, LLC UAE, stated in this morning’s news release. “Under this agreement, Net Element will launch its merchant acquiring in the UAE as part of its government payment processing solutions offering.”
News of the Mashreqbank agreement continues to build on Net Element’s recent progress toward expanding its presence in international markets. In late September, the company’s PayOnline subsidiary entered an agreement with Dunkin’ Donuts (NASDAQ: DNKN), one of the world’s most recognizable coffee brands, to enable payment acceptance for online ordering and delivery services at the chain’s Russian locations. Weeks later, PayOnline achieved another milestone when it announced an agreement with ExLine, Kazakhstan’s market leader in courier services, to enable online payment acceptance for more than 50,000 customers.
Net Element’s recent growth on the international stage has positioned the company to build on its strong financial performance, which included an 11 percent year-over-year increase in net revenues during the third quarter of 2016. With these results, Net Element has now recorded nearly $39 million in net revenues during the first nine months of this year, marking an increase of 55 percent from its 2015 totals.
This revenue growth was attributed largely to the company’s North America Transaction Solution segment, which continues to boast organic growth of SMB merchants through an emphasis on value-added offerings. For the nine-month period ended September 30, 2016, this segment accounted for revenues of $29.4 million, a 53 percent increase over the prior year. Likewise, the company’s remaining segments, Mobile Solutions and Online Solutions, recorded year-over-year net revenue increases of 43 percent and 92 percent, respectively, during the first nine months of 2016. Capping off the financial highlights, Net Element’s adjusted EBITDA for Q3 2016 was $196,000, up from $83,000 in Q2. This was the company’s second consecutive quarter of positive adjusted EBITDA.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
“We are excited about our partnership with the award-winning Mashreqbank, UAE’s leading financial institution,” Suresh Menon, chief executive officer and managing director of Net Element FZ, LLC UAE, stated in this morning’s news release. “Under this agreement, Net Element will launch its merchant acquiring in the UAE as part of its government payment processing solutions offering.”
News of the Mashreqbank agreement continues to build on Net Element’s recent progress toward expanding its presence in international markets. In late September, the company’s PayOnline subsidiary entered an agreement with Dunkin’ Donuts (NASDAQ: DNKN), one of the world’s most recognizable coffee brands, to enable payment acceptance for online ordering and delivery services at the chain’s Russian locations. Weeks later, PayOnline achieved another milestone when it announced an agreement with ExLine, Kazakhstan’s market leader in courier services, to enable online payment acceptance for more than 50,000 customers.
Net Element’s recent growth on the international stage has positioned the company to build on its strong financial performance, which included an 11 percent year-over-year increase in net revenues during the third quarter of 2016. With these results, Net Element has now recorded nearly $39 million in net revenues during the first nine months of this year, marking an increase of 55 percent from its 2015 totals.
This revenue growth was attributed largely to the company’s North America Transaction Solution segment, which continues to boast organic growth of SMB merchants through an emphasis on value-added offerings. For the nine-month period ended September 30, 2016, this segment accounted for revenues of $29.4 million, a 53 percent increase over the prior year. Likewise, the company’s remaining segments, Mobile Solutions and Online Solutions, recorded year-over-year net revenue increases of 43 percent and 92 percent, respectively, during the first nine months of 2016. Capping off the financial highlights, Net Element’s adjusted EBITDA for Q3 2016 was $196,000, up from $83,000 in Q2. This was the company’s second consecutive quarter of positive adjusted EBITDA.
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Conatus Pharmaceuticals, Inc. (CNAT) is “One to Watch”
Conatus Pharmaceuticals, Inc. (NASDAQ: CNAT), a biotechnology company focused on the development and commercialization of new medicines to treat a variety of liver diseases, recently announced its financial results for the third quarter of 2016 ended September 30. The company reported no revenue, as it is still in the clinical development stage.
As a result, focus has been on the development of its lead compound, Emricasan, an orally active pan-caspase protease inhibitor that should reduce the activity of human caspases, the enzymes that mediate inflammation and apoptosis. CNAT believes that by reducing the activity of these enzymes, its compound, Emricasan, can interrupt the progress of liver disease and provide potential treatments.
In terms of financial results, the third quarter earnings loss was in-line with street estimates, and cash on hand stands at approximately $31.1 million, which the company believes is enough to maintain operations throughout 2017. Although net loss was slightly higher than this time last year, research and development, administrative, personnel, consulting, legal, and accounting expenses were up due to the progression of the company’s ENCORE program.
This month, the company initiated a randomized, double-blind, placebo-controlled phase IIb clinical trial called ENCORE-PH, which will show results after 24 weeks of twice-daily treatments with Emricasan. Two other ongoing Emricasan phase IIb clinical trials include POLT-HCV-SVR and ENCORE-NF. All phase IIb clinical trials evaluate the potential improvements in various forms of fibrosis and steatohepatitis, as well as the effects Emricasan.
A number of analysts have now published positive reports on Conatus Pharmaceuticals. Zacks Investment Research upgraded the company from ‘Hold’ status to ‘Buy’, while several other research firms offered CNAT an ‘Outperform’ status and upped their price targets on shares. Price targets range from $6 to $16.
Aegis Capital Corp. (http://nnw.fm/5xnvL) published a company update report giving Conatus Pharmaceuticals a ‘Buy’ rating with a price target of $7. This was based on the fact that the company’s EPS is in line for the third quarter of 2016, in addition to the announcement of the ENCORE-PH trial initiation earlier this month.
Several large investors have made changes to their positions in the company’s stocks, according to an article on the Cerbat Gem Market and News Analysis (http://nnw.fm/0Y6bl) website. The article reports that KCG Holdings, Inc. bought a new stake in shares during Q3 2016 worth $135,000, and that E. Shaw & Co. and Bank of New York Mellon Corp. upped their stakes in shares by over 94% and 2%, respectively. Courage Capital Management LLC also bought a new stake in shares worth $200,000, while Vanguard Group, Inc. boosted its stake in shares by over 3%.
For more information, visit the company’s website at www.conatuspharma.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
As a result, focus has been on the development of its lead compound, Emricasan, an orally active pan-caspase protease inhibitor that should reduce the activity of human caspases, the enzymes that mediate inflammation and apoptosis. CNAT believes that by reducing the activity of these enzymes, its compound, Emricasan, can interrupt the progress of liver disease and provide potential treatments.
In terms of financial results, the third quarter earnings loss was in-line with street estimates, and cash on hand stands at approximately $31.1 million, which the company believes is enough to maintain operations throughout 2017. Although net loss was slightly higher than this time last year, research and development, administrative, personnel, consulting, legal, and accounting expenses were up due to the progression of the company’s ENCORE program.
This month, the company initiated a randomized, double-blind, placebo-controlled phase IIb clinical trial called ENCORE-PH, which will show results after 24 weeks of twice-daily treatments with Emricasan. Two other ongoing Emricasan phase IIb clinical trials include POLT-HCV-SVR and ENCORE-NF. All phase IIb clinical trials evaluate the potential improvements in various forms of fibrosis and steatohepatitis, as well as the effects Emricasan.
A number of analysts have now published positive reports on Conatus Pharmaceuticals. Zacks Investment Research upgraded the company from ‘Hold’ status to ‘Buy’, while several other research firms offered CNAT an ‘Outperform’ status and upped their price targets on shares. Price targets range from $6 to $16.
Aegis Capital Corp. (http://nnw.fm/5xnvL) published a company update report giving Conatus Pharmaceuticals a ‘Buy’ rating with a price target of $7. This was based on the fact that the company’s EPS is in line for the third quarter of 2016, in addition to the announcement of the ENCORE-PH trial initiation earlier this month.
Several large investors have made changes to their positions in the company’s stocks, according to an article on the Cerbat Gem Market and News Analysis (http://nnw.fm/0Y6bl) website. The article reports that KCG Holdings, Inc. bought a new stake in shares during Q3 2016 worth $135,000, and that E. Shaw & Co. and Bank of New York Mellon Corp. upped their stakes in shares by over 94% and 2%, respectively. Courage Capital Management LLC also bought a new stake in shares worth $200,000, while Vanguard Group, Inc. boosted its stake in shares by over 3%.
For more information, visit the company’s website at www.conatuspharma.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Monday, November 21, 2016
Vanda Pharmaceuticals, Inc. (VNDA) Receives Consensus Rating of “Buy”
Vanda Pharmaceuticals, Inc. (NASDAQ: VNDA), a biopharmaceutical company focused on the development and commercialization of pharmaceutical products to help in the treatment of central nervous system disorders, now has a product portfolio made up of HETLIOZ® (tasimelteon), Fanapt® (iloperidone), Tradipitant (VLY-686), Trichostatin A, and AQW051, all of which address high unmet medical needs and improve the lives of patients.
The company recently released its financial results for the third quarter of 2016 (ended September 30) highlighting that total revenues grew to $38.5 million, an increase of 7% over the second quarter of this year. This was also a 36% increase compared to Vanda’s $28.3 million during the third quarter of 2015, with an increase to cash of $6.6 million.
As a result, several research firms across the U.S. have commented on VNDA. Aegis Capital Corp. (http://nnw.fm/0pPa3) initiated coverage of Vanda Pharmaceuticals, giving the company a ‘Buy’ rating with a target price of $24. The report’s investment highlights included HETLIOZ® for non-24, Fanapt®’s asset life extension through November 2027 due to the company’s ‘610 patent win, and the fact that Vanda R&D programs in the pipeline carry lower than average development risks.
Jefferies Group, Brean Capital, and Piper Jaffray Cos. also gave Vanda Pharmaceuticals a ‘Buy’ rating, with a target price ranging between $19 and $24. JMP Securities gave Vanda a “Market Outperform” rating, upping its price target on shares from $18 to $22. In addition, many large investors have also upgraded their positions with Vanda Pharmaceuticals, Inc.
According to the Cerbat Gem Market News and Analysis (http://nnw.fm/bE10b) site, the Bank of Montreal in Canada bought a new stake in shares worth approximately $132,000; UBS Asset Management Americas, Inc. increased its position within the company by just under 11%, making them the proud owners of 16,300 shares; and Paloma Partners Management Co. bought a new position worth approximately $192,000. Jane Street Group LLC and TFS Capital LLC bought new positions worth about $200,000 and $210,000 respectively.
Vanda Pharmaceuticals, Inc.’s earnings per share beat the consensus estimate by $0.13, and it beat the earning consensus estimate by approximately $0.43 million. The company’s non-GAAP EPS came in above street estimates of $0.01 at a huge $0.11, and full year revenue has gone from $143 million to $153 million.
For more information, visit the company’s website at www.vandapharmaceuticals.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
The company recently released its financial results for the third quarter of 2016 (ended September 30) highlighting that total revenues grew to $38.5 million, an increase of 7% over the second quarter of this year. This was also a 36% increase compared to Vanda’s $28.3 million during the third quarter of 2015, with an increase to cash of $6.6 million.
As a result, several research firms across the U.S. have commented on VNDA. Aegis Capital Corp. (http://nnw.fm/0pPa3) initiated coverage of Vanda Pharmaceuticals, giving the company a ‘Buy’ rating with a target price of $24. The report’s investment highlights included HETLIOZ® for non-24, Fanapt®’s asset life extension through November 2027 due to the company’s ‘610 patent win, and the fact that Vanda R&D programs in the pipeline carry lower than average development risks.
Jefferies Group, Brean Capital, and Piper Jaffray Cos. also gave Vanda Pharmaceuticals a ‘Buy’ rating, with a target price ranging between $19 and $24. JMP Securities gave Vanda a “Market Outperform” rating, upping its price target on shares from $18 to $22. In addition, many large investors have also upgraded their positions with Vanda Pharmaceuticals, Inc.
According to the Cerbat Gem Market News and Analysis (http://nnw.fm/bE10b) site, the Bank of Montreal in Canada bought a new stake in shares worth approximately $132,000; UBS Asset Management Americas, Inc. increased its position within the company by just under 11%, making them the proud owners of 16,300 shares; and Paloma Partners Management Co. bought a new position worth approximately $192,000. Jane Street Group LLC and TFS Capital LLC bought new positions worth about $200,000 and $210,000 respectively.
Vanda Pharmaceuticals, Inc.’s earnings per share beat the consensus estimate by $0.13, and it beat the earning consensus estimate by approximately $0.43 million. The company’s non-GAAP EPS came in above street estimates of $0.01 at a huge $0.11, and full year revenue has gone from $143 million to $153 million.
For more information, visit the company’s website at www.vandapharmaceuticals.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Dominovas Energy Corporation (DNRG) Announces Partnership with Leading Natural Gas Supplier in Johannesburg
Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced that it has executed a Memorandum of Understanding (MOU) with South Africa-based Egoli Gas (Pty) Ltd outlining terms for the reliable supply of natural gas, as required for the operation of the company’s proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) system. Natural gas delivered as a result of this MOU is expected to support both the upcoming RUBICON™ demonstration unit at the University of Johannesburg and any additional units to be installed throughout South Africa’s largest city.
This morning’s announcement comes nearly two weeks after Dominovas Energy announced that Michael Watkins, the company’s chief operating officer and president of its fuel cell division, was dispatched to meet with a natural gas supplier in South Africa. At that time, Dominovas Energy gave investors some insight into its decision to forego the use of liquefied petroleum gas (LPG) for its upcoming installations in favor of natural gas. The company noted that the use of LPG was found to be problematic in the region “because of inconsistencies in the quality of the LPG, as well as the overall lack of logistics to support the delivering of LPG in South Africa.”
This fuel flexibility demonstrates one of the biggest advantages of the RUBICON™ in providing reliable power generation capacity throughout sub-Saharan Africa. According to Dominovas Energy’s website, the SOFC technology behind the RUBICON™ can be powered through the use of a wide variety of fuel sources, including hydrocarbon fuels such as diesel, natural gas, propane, ethanol and methanol, as well as bio-derived fuels and pure hydrogen.
“Identifying and evaluating the proper fuel source for the RUBICON™ is of paramount importance for the execution of the Company’s business model in South Africa,” Watkins stated in this morning’s news release. “After having identified all integers and eliminating the main barrier for the commercial deployment of the RUBICON™, I am quite excited to have secured an extraordinary and well respected Company who will be a cornerstone infrastructure partner that sets the stage for the installation of the RUBICON™ in South Africa.”
In the coming months, Egoli Gas will install the infrastructure required to support a dedicated natural gas pipeline on the campus of the University of Johannesburg. Per this morning’s update, Egoli Gas anticipates that the pipeline will be complete and ready for operational use by April 1, 2017. The installation and use of this supply line are expected to serve as a demonstration of the benefits of effective natural gas use, creating a foundation upon which Dominovas Energy and Egoli Gas will look to develop a long-term partnership resulting in the installation of additional multi-MW scale projects within Johannesburg and across the country.
“We have been working with Dominovas Energy to solidify our relationship and to identify the scope of our contribution to the first-ever SOFC systems in South Africa,” Tyusha Monde, managing director of Egoli Gas, added in this morning’s news release. “The opportunity to supply natural gas for the RUBICON™ and to become a long-term gas supplier for Dominovas Energy’s future projects in Johannesburg and throughout South Africa is, indeed, exciting and a step of monumental proportions for us at Egoli Gas.”
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
This morning’s announcement comes nearly two weeks after Dominovas Energy announced that Michael Watkins, the company’s chief operating officer and president of its fuel cell division, was dispatched to meet with a natural gas supplier in South Africa. At that time, Dominovas Energy gave investors some insight into its decision to forego the use of liquefied petroleum gas (LPG) for its upcoming installations in favor of natural gas. The company noted that the use of LPG was found to be problematic in the region “because of inconsistencies in the quality of the LPG, as well as the overall lack of logistics to support the delivering of LPG in South Africa.”
This fuel flexibility demonstrates one of the biggest advantages of the RUBICON™ in providing reliable power generation capacity throughout sub-Saharan Africa. According to Dominovas Energy’s website, the SOFC technology behind the RUBICON™ can be powered through the use of a wide variety of fuel sources, including hydrocarbon fuels such as diesel, natural gas, propane, ethanol and methanol, as well as bio-derived fuels and pure hydrogen.
“Identifying and evaluating the proper fuel source for the RUBICON™ is of paramount importance for the execution of the Company’s business model in South Africa,” Watkins stated in this morning’s news release. “After having identified all integers and eliminating the main barrier for the commercial deployment of the RUBICON™, I am quite excited to have secured an extraordinary and well respected Company who will be a cornerstone infrastructure partner that sets the stage for the installation of the RUBICON™ in South Africa.”
In the coming months, Egoli Gas will install the infrastructure required to support a dedicated natural gas pipeline on the campus of the University of Johannesburg. Per this morning’s update, Egoli Gas anticipates that the pipeline will be complete and ready for operational use by April 1, 2017. The installation and use of this supply line are expected to serve as a demonstration of the benefits of effective natural gas use, creating a foundation upon which Dominovas Energy and Egoli Gas will look to develop a long-term partnership resulting in the installation of additional multi-MW scale projects within Johannesburg and across the country.
“We have been working with Dominovas Energy to solidify our relationship and to identify the scope of our contribution to the first-ever SOFC systems in South Africa,” Tyusha Monde, managing director of Egoli Gas, added in this morning’s news release. “The opportunity to supply natural gas for the RUBICON™ and to become a long-term gas supplier for Dominovas Energy’s future projects in Johannesburg and throughout South Africa is, indeed, exciting and a step of monumental proportions for us at Egoli Gas.”
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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Cogint, Inc. (COGT) is “One to Watch”
Distilling complexity into actionable intelligence is the core focus for recently rebranded data analytics outfit Cogint, Inc. (NASDAQ: COGT). Cogint rang the NADAQ bell (http://nnw.fm/B0Swh) only a handful of days after transitioning shares over to the exchange, amid a big push by the company to secure and expand an increasingly dominant footprint in massive scale, people-based digital marketing and customer acquisition solutions via its Fluent (http://nnw.fm/Q2iP0) subsidiary. Fluent is a data-driven performance marketing suite powered by the same proprietary, next-gen data fusion platform known as CORE™, which also powers the company’s analytical and risk management solutions.
Fluent is changing the laws of marketing with a suite of tools that enable the company’s clients to serve personalized, targeted ads and acquire extremely loyal brand customers by leveraging user-generated responses and real-time interactivity. With digital display ad spending overtaking search ad spending this year for the first time in history – as the biggest categories like video, rich media and banners take up approximately half the $32 billion plus pie (http://nnw.fm/6f3Yl) – a hyper-targeted and user-centric digital marketing/customer acquisition and retention solution like Fluent finds itself in an advantageous position when it comes to distinguishing itself.
Over 500 leading brands, such as online home improvement marketplace BuildDirect, Finish Line (NASDAQ: FINL) and Western Union (NYSE: WU), already trust Fluent to deliver the goods, and have come to rely upon the industry-leading data acquisition, mobile app install and performance display ad solutions located within the suite. BuildDirect, for instance, saw a 25 percent jump in user engagement thanks to Fluent’s ReConnect™ solution for supercharging an email marketing program.
One secret to Fluent’s success in this arena is the immense reservoir of proprietary consumer data that the company already has at its fingertips. The marketing suite is empowered by an enviable feedback loop with the consumers themselves, consisting of over 700,000 direct user interactions, six million survey responses, and more than 1.2 million ad responses per day. A brand looking to do consumer marketing through mobile user acquisition/retention, other audience engagements tool and data acquisition has a powerful over-the-horizon radar system in Fluent. And the platform has a proven track record of being able to produce tangible results, relying to a great extent on the unprecedented precision of the platform’s user-driven targeting matrix.
The company plans to dramatically increase the size and scope of Fluent’s business moving forward (http://nnw.fm/Qjhh8), using a combination of diligent retargeting of pre-qualified audiences across all connected device types, and the enabling of mobile display, search, social, video and eventually addressable television campaigns. This is where Cogint’s Q Interactive (http://nnw.fm/X5euX) subsidiary really shines, as a direct publisher crafting tailored lead generation for digital, performance-based campaigns – and one which is squarely focused on maximizing advertiser’s return on investment. Q Interactive works hand-in-hand with advertisers to hone the target matrix of ideal consumer profiles down to the ideal level, exploiting the company’s enormous user engagement envelope to intelligently place a given brand, product or service directly in front of those most receptive to it. At the same time, Q Interactive is able to drive high quality traffic generation by being able to offer publishers first rate monetization for the best traffic. Q Interactive’s various promotions, coupons, sample campaigns and the like are some of the most lucrative monetizing properties online today.
Again, at the center of all this is a cloud-based custom data analytics backbone engineered from the ground up to handle any kind of data type (such as behavioral and demographic, or transactional), and deliver actionable intelligence that is suitable to any industry. Actually the fusion of CORE and the company’s Agile Acquisition Engine™, this same technology backbone that enables complex digital performance marketing tasks also enables COGT to offer its clients the ability to do extremely in-depth investigative work. Tasks such as fraud detection/prevention, identity verification, regulatory compliance, and location (skip) tracing are a breeze for Cogint’s IDI (Interactive Data) subsidiary and its idiCORE (http://nnw.fm/Nz7lb) investigative solution. This is really worth taking into consideration when you look at a report like the one out of IDC last month, which not only projected that big data and analytics would go more mainstream in coming years, but that the market is on track to top $203 billion by 2020 (http://nnw.fm/P4mfP).
While similar data fusion architectures may exist, they are costly and largely outdated. On the other hand, idiCORE is an extremely efficient (and therefore less expensive) system, which is able to yield higher-fidelity data and at a lower cost. The idiCORE platform utilizes proprietary linking technology (algos/logic) and machine learning principles which, when paired with the company’s massive data repository (that includes credit header data, public records, private/proprietary sources and more), allows for superb relational resolutions, whether one is looking at connections, individual people, or assets. And idiCORE has an impressive pedigree too, being the next-gen data fusion solution that stands on the shoulders of data fusion pioneer Hank Asher’s work. Asher was the architect behind market heavy hitters Accurint® (http://nnw.fm/Mj1Nm) (now owned by LexisNexis, RELX Group) and TLOxp® (http://nnw.fm/SrIi8), now owned by TransUnion (NYSE: TRU).
CEO and Interim President of COGT, Derek Dubner, worked closely with Asher (regarded by many as the father of data fusion) for 15 years and was general counsel to TLO, from its inception through to its eventual sale to TransUnion. Dubner was quite proud of idiCORE’s recent successes during COGT’s Q3 earnings call (http://nnw.fm/4WLeZ), where he highlighted the addition of key foundational datasets, including a gigantic database of motor vehicle records to idiCORE, as well as the platform’s improved data sorting features.
Most noteworthy among the quarterly data release is a 27 percent revenue uptick to $52.2 million (http://nnw.fm/sbBt1) (compared to Q2), with performance marketing having accounted for the lion’s share of revenues at around 70 percent. Dubner also threw a spotlight on the ongoing expansion of the company’s cutting-edge idiCORE investigative solution, particularly as it relates to Cogint’s risk management division, before touting the enhanced search functionality and accuracy idiCORE now possesses.
It’s no wonder the company recently tapped two industry veterans to join the team. Harry Jordan came on board as COO in early August (http://nnw.fm/Pm5ny) and brought two decades with outfits like LexisNexis along, including a wealth of experience in M&A that led to such landmark deals as the ChoicePoint and Seisint acquisitions. Twenty-year industry veteran Jeff Dell was appointed CIO in mid-September (http://nnw.fm/YTv5C). A natural transition from the same roles Dell played at TLO and Seisint, roles which uniquely prepared him to be the top information security professional for COGT, as the company expands and looks to continue increasing security.
Dubner was keen to point out in the Q3 earnings call that there was a whopping 400 percent CAGR for Q3 when it comes to the number of online transactions done using idiCORE. It’s very exciting statistic about how ingrained this intuitive solution has already become among end markets, as well as being a positive sign about the raw, overall platform adoption rates. Additionally, Dubner cited the abnormally high number of contract versus transactional usages seen thus far with idiCORE, remarking how odd it was for a new product on launch. It’s a very positive sign indeed, as it indicates end users are having a very good reaction to the solution, from both usability and intuitiveness standpoints.
Wringing actionable intelligence from the complex web of information requires a database-spanning fusion engine such as idiCORE. This data fusion engine can deliver the kind of penetrating investigative and risk management capabilities needed to map and study the intricate connections between even seemingly disparate data points like assets, businesses, or people – and idiCORE can do it all in real-time.
To learn more about Cogint, visit www.cogint.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 distribution network of more than 5,000 key syndication 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 https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Fluent is changing the laws of marketing with a suite of tools that enable the company’s clients to serve personalized, targeted ads and acquire extremely loyal brand customers by leveraging user-generated responses and real-time interactivity. With digital display ad spending overtaking search ad spending this year for the first time in history – as the biggest categories like video, rich media and banners take up approximately half the $32 billion plus pie (http://nnw.fm/6f3Yl) – a hyper-targeted and user-centric digital marketing/customer acquisition and retention solution like Fluent finds itself in an advantageous position when it comes to distinguishing itself.
Over 500 leading brands, such as online home improvement marketplace BuildDirect, Finish Line (NASDAQ: FINL) and Western Union (NYSE: WU), already trust Fluent to deliver the goods, and have come to rely upon the industry-leading data acquisition, mobile app install and performance display ad solutions located within the suite. BuildDirect, for instance, saw a 25 percent jump in user engagement thanks to Fluent’s ReConnect™ solution for supercharging an email marketing program.
One secret to Fluent’s success in this arena is the immense reservoir of proprietary consumer data that the company already has at its fingertips. The marketing suite is empowered by an enviable feedback loop with the consumers themselves, consisting of over 700,000 direct user interactions, six million survey responses, and more than 1.2 million ad responses per day. A brand looking to do consumer marketing through mobile user acquisition/retention, other audience engagements tool and data acquisition has a powerful over-the-horizon radar system in Fluent. And the platform has a proven track record of being able to produce tangible results, relying to a great extent on the unprecedented precision of the platform’s user-driven targeting matrix.
The company plans to dramatically increase the size and scope of Fluent’s business moving forward (http://nnw.fm/Qjhh8), using a combination of diligent retargeting of pre-qualified audiences across all connected device types, and the enabling of mobile display, search, social, video and eventually addressable television campaigns. This is where Cogint’s Q Interactive (http://nnw.fm/X5euX) subsidiary really shines, as a direct publisher crafting tailored lead generation for digital, performance-based campaigns – and one which is squarely focused on maximizing advertiser’s return on investment. Q Interactive works hand-in-hand with advertisers to hone the target matrix of ideal consumer profiles down to the ideal level, exploiting the company’s enormous user engagement envelope to intelligently place a given brand, product or service directly in front of those most receptive to it. At the same time, Q Interactive is able to drive high quality traffic generation by being able to offer publishers first rate monetization for the best traffic. Q Interactive’s various promotions, coupons, sample campaigns and the like are some of the most lucrative monetizing properties online today.
Again, at the center of all this is a cloud-based custom data analytics backbone engineered from the ground up to handle any kind of data type (such as behavioral and demographic, or transactional), and deliver actionable intelligence that is suitable to any industry. Actually the fusion of CORE and the company’s Agile Acquisition Engine™, this same technology backbone that enables complex digital performance marketing tasks also enables COGT to offer its clients the ability to do extremely in-depth investigative work. Tasks such as fraud detection/prevention, identity verification, regulatory compliance, and location (skip) tracing are a breeze for Cogint’s IDI (Interactive Data) subsidiary and its idiCORE (http://nnw.fm/Nz7lb) investigative solution. This is really worth taking into consideration when you look at a report like the one out of IDC last month, which not only projected that big data and analytics would go more mainstream in coming years, but that the market is on track to top $203 billion by 2020 (http://nnw.fm/P4mfP).
While similar data fusion architectures may exist, they are costly and largely outdated. On the other hand, idiCORE is an extremely efficient (and therefore less expensive) system, which is able to yield higher-fidelity data and at a lower cost. The idiCORE platform utilizes proprietary linking technology (algos/logic) and machine learning principles which, when paired with the company’s massive data repository (that includes credit header data, public records, private/proprietary sources and more), allows for superb relational resolutions, whether one is looking at connections, individual people, or assets. And idiCORE has an impressive pedigree too, being the next-gen data fusion solution that stands on the shoulders of data fusion pioneer Hank Asher’s work. Asher was the architect behind market heavy hitters Accurint® (http://nnw.fm/Mj1Nm) (now owned by LexisNexis, RELX Group) and TLOxp® (http://nnw.fm/SrIi8), now owned by TransUnion (NYSE: TRU).
CEO and Interim President of COGT, Derek Dubner, worked closely with Asher (regarded by many as the father of data fusion) for 15 years and was general counsel to TLO, from its inception through to its eventual sale to TransUnion. Dubner was quite proud of idiCORE’s recent successes during COGT’s Q3 earnings call (http://nnw.fm/4WLeZ), where he highlighted the addition of key foundational datasets, including a gigantic database of motor vehicle records to idiCORE, as well as the platform’s improved data sorting features.
Most noteworthy among the quarterly data release is a 27 percent revenue uptick to $52.2 million (http://nnw.fm/sbBt1) (compared to Q2), with performance marketing having accounted for the lion’s share of revenues at around 70 percent. Dubner also threw a spotlight on the ongoing expansion of the company’s cutting-edge idiCORE investigative solution, particularly as it relates to Cogint’s risk management division, before touting the enhanced search functionality and accuracy idiCORE now possesses.
It’s no wonder the company recently tapped two industry veterans to join the team. Harry Jordan came on board as COO in early August (http://nnw.fm/Pm5ny) and brought two decades with outfits like LexisNexis along, including a wealth of experience in M&A that led to such landmark deals as the ChoicePoint and Seisint acquisitions. Twenty-year industry veteran Jeff Dell was appointed CIO in mid-September (http://nnw.fm/YTv5C). A natural transition from the same roles Dell played at TLO and Seisint, roles which uniquely prepared him to be the top information security professional for COGT, as the company expands and looks to continue increasing security.
Dubner was keen to point out in the Q3 earnings call that there was a whopping 400 percent CAGR for Q3 when it comes to the number of online transactions done using idiCORE. It’s very exciting statistic about how ingrained this intuitive solution has already become among end markets, as well as being a positive sign about the raw, overall platform adoption rates. Additionally, Dubner cited the abnormally high number of contract versus transactional usages seen thus far with idiCORE, remarking how odd it was for a new product on launch. It’s a very positive sign indeed, as it indicates end users are having a very good reaction to the solution, from both usability and intuitiveness standpoints.
Wringing actionable intelligence from the complex web of information requires a database-spanning fusion engine such as idiCORE. This data fusion engine can deliver the kind of penetrating investigative and risk management capabilities needed to map and study the intricate connections between even seemingly disparate data points like assets, businesses, or people – and idiCORE can do it all in real-time.
To learn more about Cogint, visit www.cogint.com
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