Every company’s success is determined by product, process and people. With unique product offerings in the real estate industry, eXp World Holdings (OTCQB: EXPI) has demonstrated both the need and the desire for its services. Revenue growth of 112% in the last year, and 178% agent expansion during the same period, is a testament to successful product acceptance and use. Process, the efficient execution and delivery of the company’s products and services, is also proven by the numbers. The third and, perhaps, most significant aspect of a successful company is people, most importantly, management.
Management sets the course and culture of a company and is responsible for both product and process. The management team at eXp World Holdings has the background, vision, and expertise to execute the company’s plan efficiently and effectively.
CEO and Chairman of the Board Glenn Sanford accumulated executive level experience with a number of technology-related companies prior to founding eXp World Holdings. About 20 years ago, he founded and led a successful online e-commerce and logistics company, where attention to product and process are paramount. Sanford became active in online real estate in 2002, and, from 2004 to 2007, he led a large team of realtors while specializing in online client acquisition, client conversion and technology. When the real estate boom went bust, Sanford responded by forming eXp Realty in 2009 as the first truly cloud-based national real estate brokerage. His vision, experience, and tenacity still guide the company’s success today.
Sanford has surrounded himself with creative, high caliber executive leadership. Russ Cofano, president and general counsel, has an extensive background in real estate and real estate law, and he has worked at executive levels in nearly every segment of the real estate industry. Cofano is a published and recognized author, public speaker, and a sought-after consultant in real estate matters.
The additions of Jason Gesing, CEO of the Real Estate Division and Board Member, and Vikki Bartholomae, president of the Real Estate Division, dramatically impacted the upsurge in growth of eXp World Holdings. Both senior veterans of the real estate industry, Gesing and Bartholomae bring experienced success to the management team.
Sanford chose an experienced and dedicated CFO in Alan Goldman. Goldman consulted for eXp for three years prior to joining the eXp team. He has extensive experience in public company accounting standards and financial reporting, along with multiple other financial and back office skills.
The board of directors is seasoned, experienced, and well respected, both in the real estate community and beyond. Drawing from varied industries and backgrounds helps keep eXp focused and provides infrastructure for fast paced growth.
With product, process, and exceptional people in place, it’s no wonder that eXp World Holdings has enjoyed such phenomenal growth in recent months.
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
Tuesday, February 28, 2017
Protect Your World with Stealth Technologies, Inc. (STTH)
Headquartered in Largo, Florida, Stealth Technologies (OTCQB: STTH) is focused on the personal and financial protection markets and continuing to capitalize on proprietary products with proven distribution.
Technology and pushing its limits is the fundamental strategy of Stealth Technologies’ operations. A champion of innovation, the company solves some of the most challenging issues in security and personal protection today with its collection of products and intellectual property, focusing on hardware solutions for software problems.
Stealth Technologies is gradually gaining recognition for the 911 Help Now product it has developed to tackle emergency response latency. It facilitates personal safety and security by providing a direct two-way voice connection to emergency service providers, and it is simple to use. After installing standard AAA batteries in the product, consumers can connect to 911 by simply pressing one button — the Help Now button. Owners of the product also enjoy several added features, including an accidental call cancel button and a one-year battery life.
Stealth Technologies first gained prominence because of its focus on product development and sales in the personal financial protection and data protection businesses. Over the years, the company has become well known for its portfolio of products which help consumers protect against credit fraud, cell phone data breaches and electronic pickpockets. The company’s lead product, the Stealth Card, for example, is one product that is designed to protect the Europay, MasterCard and Visa (EMV) chip in a consumer’s credit card from electronic pickpockets who attempt to use a smartphone, credit card reader or radio-frequency identification (RFID) antenna to remotely access the data stored on this smart chip.
Stealth Technologies continues to develop even more products, while exploring potential commercialization opportunities and military applications for its existing proprietary technologies.
For more information, visit www.TechnologiesByStealth.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 (NASDAQ: NETE) Addressing $783 Billion Restaurant Industry’s Need for Speed, Accuracy with Aptito
Net Element (NASDAQ: NETE) is offering the restaurant industry cloud technology software with digital accuracy and speed, including an Android app and digital menus. According to the National Restaurant Association (NRA) (http://nnw.fm/B7Dox), the $783 billion restaurant industry is looking to cloud platforms that can integrate the convenience of mobile technology. The result is that customers who want to order online from their offices or elsewhere want to select digitally from an online menu. They want quickness, accuracy and convenience.
In 2016, the NRA found that one-quarter of customers surveyed said that technology options can drive their decisions when choosing a restaurant. The NRA’s 2016 Restaurant Industry Forecast (http://nnw.fm/8nZIj) saw this increase over the nearly one-fifth of consumers it surveyed who said the same thing the prior year. One trend is clear: restaurant customers want their food orders fulfilled quickly and accurately.
Net Element serves the restaurant, retail, travel, and other industries. The company’s high technology platform technology brings together mobile and transactional services. It handles U.S. transaction processing via Unified Payments through its TOT Group subsidiary. It also provides mobile payments in Russia through TOT Money. Aptito is its cloud-based point-of-sale brand.
Net Element’s Aptito is a solution to the speed issue facing restaurants. The NRA says its members want technology they can use to satisfy their desire for faster and more accurate food ordering. The nicest surprise for restaurant owners is that digital has meant not only improved speed but higher average tickets, as well. Customers order more online, buying additional food impulsively. They also now expect high technology rather than perceiving it as a novelty.
Net Element, Inc.’s Aptito is a cloud-based app for customers. For restaurants, it offers a visual Android-based point-of-sale software system. Aptito gives restaurant management both digital menus and mobile ordering capabilities. To customers, in a high tech environment, Aptito offers accurate and real time restaurant fulfillment of orders and billing. Most important, it offers speed to the customer, an element that’s growing in importance in the restaurant industry.
Management of Net Element believes that Aptito’s digital accuracy brings more sales and fewer mistakes while eliminating paperwork and some payroll costs. Diners can enjoy numerous benefits, including speedier service, check splitting, moving orders and even table changes. For restaurant management, it facilitates better service to customers. It also offers executives a better overview of demand for certain dishes and speed requirements for meals based on online customers.
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
In 2016, the NRA found that one-quarter of customers surveyed said that technology options can drive their decisions when choosing a restaurant. The NRA’s 2016 Restaurant Industry Forecast (http://nnw.fm/8nZIj) saw this increase over the nearly one-fifth of consumers it surveyed who said the same thing the prior year. One trend is clear: restaurant customers want their food orders fulfilled quickly and accurately.
Net Element serves the restaurant, retail, travel, and other industries. The company’s high technology platform technology brings together mobile and transactional services. It handles U.S. transaction processing via Unified Payments through its TOT Group subsidiary. It also provides mobile payments in Russia through TOT Money. Aptito is its cloud-based point-of-sale brand.
Net Element’s Aptito is a solution to the speed issue facing restaurants. The NRA says its members want technology they can use to satisfy their desire for faster and more accurate food ordering. The nicest surprise for restaurant owners is that digital has meant not only improved speed but higher average tickets, as well. Customers order more online, buying additional food impulsively. They also now expect high technology rather than perceiving it as a novelty.
Net Element, Inc.’s Aptito is a cloud-based app for customers. For restaurants, it offers a visual Android-based point-of-sale software system. Aptito gives restaurant management both digital menus and mobile ordering capabilities. To customers, in a high tech environment, Aptito offers accurate and real time restaurant fulfillment of orders and billing. Most important, it offers speed to the customer, an element that’s growing in importance in the restaurant industry.
Management of Net Element believes that Aptito’s digital accuracy brings more sales and fewer mistakes while eliminating paperwork and some payroll costs. Diners can enjoy numerous benefits, including speedier service, check splitting, moving orders and even table changes. For restaurant management, it facilitates better service to customers. It also offers executives a better overview of demand for certain dishes and speed requirements for meals based on online customers.
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
Player’s Network, Inc. (PNTV) is “One to Watch”
Player’s Network, Inc. (OTCQB: PNTV) is a diversified holding company operating in marijuana and media. PNTV owns 86% of Green Leaf Farms Holdings, LLC (Green Leaf Farms) which has Nevada state-issued cultivation and production license(s). The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them to create extracts which are used for cartridges, oils and edibles. WeedTV.com is a wholly owned subsidiary which is developing the ultimate resource for the marijuana lifestyle. PNTV has been a fully reporting, publicly traded company since 1998.
Green Leaf Farms Holdings, LLC (Green Leaf)
Green Leaf produces medical and recreational cannabis products. Revenues are generated by selling their cannabis products to licensed dispensaries throughout Nevada.
Their mission is to produce the highest quality and safest pharmaceutical-grade cannabis to all levels of consumers. They utilize the most efficient cultivation methods in order to lower expenses for consumers and to maximize returns for investors.
They are a privately held company with a unique business model as they are one of only a few companies who have been granted 2 (two) Medical Marijuana Establishment (MME) licenses in Nevada; Cultivation and Production.
Their Cultivation License enables them to grow cannabis which will produce flower. Their Production License enables them to process flower (cannabis) and cannabis byproducts into extremely pure concentrates, extracts, and oils which are used in medicine, cartridges and edibles. Green Leaf has both acquired and developed proprietary cannabis strains and will continue to be committed to cannabis research and development.
Green Leaf is located in North Las Vegas, Nevada on 2.3 acres in a state-of-the-art 26,000 sq. ft. facility. They have a seasoned team of professional growers and operators to manage the facility with proven best practices to ensure they have the highest quality products available.
WeedTV.com
WeedTV.Com is a niche social network and lifestyle channel destination for the marijuana industry. They are developing the “go-to” source for information, entertainment, products and services for people who relate to the marijuana lifestyle and an active social community. WeedTV.com features daily stories sourced by WeedTV.com correspondents and contributors from around the world.
Programming includes, political news, business news on the industry, financial analysis from industry experts, growing tips, cooking tips, the “Weed101” section, medical applications/issues, lifestyle features, and entertainment specials.
WeedTV.com’s first original series is titled “High Stakes.” High Stakes was developed by Michael Berk, the company’s Chief Creative Officer and creator of one of the most popular cable series of all time, Baywatch. High Stakes is docu-series that follows the team at Green Leaf Farms as they build their facility and launch their marijuana business.
By leveraging media, WeedTV.com builds long-term brand equity and connects consumers to businesses. This is accomplished through fresh and relevant content such as professionally produced branded television segments, user-generated videos, blogs, editorials, tweets (twitter), photos, special offers, events and custom-designed contests to engage both consumers and businesses with their brands and services.
Marijuana and Media Strategy
While developing WeedTV.com, the PNTV team realized they could implement a vertical strategy to utilize their media platform (WeedTV.com) to drive business and awareness to their cannabis products (Green Leaf Farms). Through the audience and reach of WeedTV.com, they will build brand value and cross market their own marijuana products, as well as generate revenues by marketing other companies’ products and services.
For more information, visit the company’s website at www.PlayersNetwork.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
Green Leaf Farms Holdings, LLC (Green Leaf)
Green Leaf produces medical and recreational cannabis products. Revenues are generated by selling their cannabis products to licensed dispensaries throughout Nevada.
Their mission is to produce the highest quality and safest pharmaceutical-grade cannabis to all levels of consumers. They utilize the most efficient cultivation methods in order to lower expenses for consumers and to maximize returns for investors.
They are a privately held company with a unique business model as they are one of only a few companies who have been granted 2 (two) Medical Marijuana Establishment (MME) licenses in Nevada; Cultivation and Production.
Their Cultivation License enables them to grow cannabis which will produce flower. Their Production License enables them to process flower (cannabis) and cannabis byproducts into extremely pure concentrates, extracts, and oils which are used in medicine, cartridges and edibles. Green Leaf has both acquired and developed proprietary cannabis strains and will continue to be committed to cannabis research and development.
Green Leaf is located in North Las Vegas, Nevada on 2.3 acres in a state-of-the-art 26,000 sq. ft. facility. They have a seasoned team of professional growers and operators to manage the facility with proven best practices to ensure they have the highest quality products available.
WeedTV.com
WeedTV.Com is a niche social network and lifestyle channel destination for the marijuana industry. They are developing the “go-to” source for information, entertainment, products and services for people who relate to the marijuana lifestyle and an active social community. WeedTV.com features daily stories sourced by WeedTV.com correspondents and contributors from around the world.
Programming includes, political news, business news on the industry, financial analysis from industry experts, growing tips, cooking tips, the “Weed101” section, medical applications/issues, lifestyle features, and entertainment specials.
WeedTV.com’s first original series is titled “High Stakes.” High Stakes was developed by Michael Berk, the company’s Chief Creative Officer and creator of one of the most popular cable series of all time, Baywatch. High Stakes is docu-series that follows the team at Green Leaf Farms as they build their facility and launch their marijuana business.
By leveraging media, WeedTV.com builds long-term brand equity and connects consumers to businesses. This is accomplished through fresh and relevant content such as professionally produced branded television segments, user-generated videos, blogs, editorials, tweets (twitter), photos, special offers, events and custom-designed contests to engage both consumers and businesses with their brands and services.
Marijuana and Media Strategy
While developing WeedTV.com, the PNTV team realized they could implement a vertical strategy to utilize their media platform (WeedTV.com) to drive business and awareness to their cannabis products (Green Leaf Farms). Through the audience and reach of WeedTV.com, they will build brand value and cross market their own marijuana products, as well as generate revenues by marketing other companies’ products and services.
For more information, visit the company’s website at www.PlayersNetwork.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
U.S. Geothermal, Inc. (HTM) Investing in the Growing Future of Geothermal Energy
Safe and effective, geothermal energy has been used by mankind for over 10,000 years. Evidence shows that North American Paleo-Indians regularly used geothermal hot springs for warmth, cleansing and minerals. In the first century AD, Romans used geothermal energy to heat public baths and floors, and the world’s oldest geothermal district heating system has been operating since the 14th century in France. America’s first district heating system was powered directly by geothermal energy in 1892 in Boise, Idaho.
Geothermal heat energy is naturally produced by the Earth, originating from the natural radioactive decay of certain materials within the Earth’s crust. Temperature differences between the core of the planet and its surface drive a continuous conduction of thermal energy from the core to the surface.
After centuries of use for bathing and space heating, geothermal energy is now recognized for electricity production. Worldwide, 12,000 megawatts (MW) of geothermal power are currently online with 2,000 MW of installed capacity in the western United States. There’s also an additional 28 gigawatts of geothermal heating installed for space heating and multiple other applications around the world.
Geothermal power is cost-effective, reliable, sustainable, and environmentally friendly, but it has historically been limited to areas in the western U.S., where natural caldera formations occur. Population growth and technological advancements make geothermal energy production ever more appealing.
Calpine Corp (NYSE: CPN), Ormat Technologies (NYSE: ORA) and U.S. Geothermal (NYSE MKT: HTM) are recognized players in geothermal energy production. Of these, U.S. Geothermal is the largest pure play geothermal independent power producer. The company currently produces 45 MW from three existing assets in Oregon, Nevada, and Idaho. U.S. Geothermal also has four advanced development properties in California, Guatemala, and Nevada, with 90 MW capacity in their pipeline, plus four more early-stage properties in development.
Geothermal provides base load power 24/7 without interruption, is clean and renewable without significant output deterioration, and is not subject to the vagaries of commodity fuel prices. Publically-traded geothermal energy companies, such as U.S. Geothermal, now provide the opportunity to profit from our planet’s creation.
For more information, visit www.USGeothermal.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
Geothermal heat energy is naturally produced by the Earth, originating from the natural radioactive decay of certain materials within the Earth’s crust. Temperature differences between the core of the planet and its surface drive a continuous conduction of thermal energy from the core to the surface.
After centuries of use for bathing and space heating, geothermal energy is now recognized for electricity production. Worldwide, 12,000 megawatts (MW) of geothermal power are currently online with 2,000 MW of installed capacity in the western United States. There’s also an additional 28 gigawatts of geothermal heating installed for space heating and multiple other applications around the world.
Geothermal power is cost-effective, reliable, sustainable, and environmentally friendly, but it has historically been limited to areas in the western U.S., where natural caldera formations occur. Population growth and technological advancements make geothermal energy production ever more appealing.
Calpine Corp (NYSE: CPN), Ormat Technologies (NYSE: ORA) and U.S. Geothermal (NYSE MKT: HTM) are recognized players in geothermal energy production. Of these, U.S. Geothermal is the largest pure play geothermal independent power producer. The company currently produces 45 MW from three existing assets in Oregon, Nevada, and Idaho. U.S. Geothermal also has four advanced development properties in California, Guatemala, and Nevada, with 90 MW capacity in their pipeline, plus four more early-stage properties in development.
Geothermal provides base load power 24/7 without interruption, is clean and renewable without significant output deterioration, and is not subject to the vagaries of commodity fuel prices. Publically-traded geothermal energy companies, such as U.S. Geothermal, now provide the opportunity to profit from our planet’s creation.
For more information, visit www.USGeothermal.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, February 27, 2017
eXp World Holdings, Inc. (EXPI) Presentation Reveals How Foundational Business Model Continues to Spur Record Growth
On Thursday, February 23, 2017, eXp World Holdings, Inc. (OTCQB: EXPI), a publicly-traded holding company whose primary operational business is eXp Realty LLC, the “Agent-Owned Cloud Brokerage®”, presented a virtual webinar covering the company’s operations, business model, and progress.
Glenn Sanford, company chairman and CEO, made the presentation, beginning with a summary of his background and the history of the company:
Glenn Sanford founded eXp Realty in 2009, coming from a background of technology, marketing, and sales. He founded a number of technology startups in the 1990s, going on to become successful in real estate, until the industry crisis began unfolding around 2006, making the traditional brick-and-mortar based real estate brokerage model less and less sustainable. It became clear that a radically different approach to the real estate brokerage business, based upon newly evolving technologies, was not only possible but necessary.
eXp Realty was founded on the idea that a national brokerage could operate much more cost effectively and efficiently without depending upon cash-draining physical facilities, over and above the minimum required by state laws. Through the application of advanced technologies, all types of agent related communication and training could actually be enhanced, without requiring time-consuming travel to central offices. A virtual campus could bring together a few, or a few hundred, agents, providing superior information flow and relationships, while giving agents more time and tools to succeed, and all at a dramatically reduced cost. It was this revolutionary approach that was designed-in to eXp Realty from the beginning, a unique foundational business model that is not easy to start, and almost impossible to transition to from a traditional model, but which eXp Realty has now successfully grown with dramatic results.
The approach was an innovation that has resulted in dramatic cost savings and operational efficiencies, allowing a variety of creative and unmatched benefits and attracting new agents from across the county. The company, which started out with only 24 agents, has already grown to over 2,700 agents, and it continues to expand. The operation now covers 42 states, with growth in revenue paralleling the growth in agents.
The benefits of this new way of doing business are key:
It is easy to scale, making rapid expansion both possible and manageable
Operating costs are minimized, even as size increases
Cost savings feed attractive financial and other benefits for agents, encouraging growth
Agent benefits include:
More attractive financial splits, where a greater percentage of each commission goes to the agent
Revenue sharing programs, giving agents money that would normally be needed to support the brokerage
Superior and timely communication, with agents able to get more training to succeed and build the company, without having to travel to a physical office
Equity ownership programs, whereby agents continually grow their stake in the company by getting shares that are earned for future payout, encouraging lower turnover
The company’s equity sharing programs, now available through eXp World Holdings as a publicly-traded corporation, are a huge draw for the company, and have significantly encouraged growth in the number of agents. These programs provide a variety of ways for agents to get actual shares of the company, in addition to superior commissions, effectively providing a form of retirement program in which it is easy to participate. The shares can be earned in a number of ways, and are not just a reward for exceptional performance, but are also held for payout at a set future date to encourage agents to stay with the company, significantly lowering agent turnover.
Such equity sharing works hand-in-hand with the company’s position as a truly national brokerage, rather than a traditional franchise-based operation. Instead of local brokerages and agents feeling compelled to compete with one another, there is only one brokerage, in which agents own a growing stake. As a result, they are encouraged to bring in other agents and to do whatever they can to make the business grow. The effect has been rapid expansion, which the technology is easily able to handle without the loss of community and company unity.
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
Glenn Sanford, company chairman and CEO, made the presentation, beginning with a summary of his background and the history of the company:
Glenn Sanford founded eXp Realty in 2009, coming from a background of technology, marketing, and sales. He founded a number of technology startups in the 1990s, going on to become successful in real estate, until the industry crisis began unfolding around 2006, making the traditional brick-and-mortar based real estate brokerage model less and less sustainable. It became clear that a radically different approach to the real estate brokerage business, based upon newly evolving technologies, was not only possible but necessary.
eXp Realty was founded on the idea that a national brokerage could operate much more cost effectively and efficiently without depending upon cash-draining physical facilities, over and above the minimum required by state laws. Through the application of advanced technologies, all types of agent related communication and training could actually be enhanced, without requiring time-consuming travel to central offices. A virtual campus could bring together a few, or a few hundred, agents, providing superior information flow and relationships, while giving agents more time and tools to succeed, and all at a dramatically reduced cost. It was this revolutionary approach that was designed-in to eXp Realty from the beginning, a unique foundational business model that is not easy to start, and almost impossible to transition to from a traditional model, but which eXp Realty has now successfully grown with dramatic results.
The approach was an innovation that has resulted in dramatic cost savings and operational efficiencies, allowing a variety of creative and unmatched benefits and attracting new agents from across the county. The company, which started out with only 24 agents, has already grown to over 2,700 agents, and it continues to expand. The operation now covers 42 states, with growth in revenue paralleling the growth in agents.
The benefits of this new way of doing business are key:
It is easy to scale, making rapid expansion both possible and manageable
Operating costs are minimized, even as size increases
Cost savings feed attractive financial and other benefits for agents, encouraging growth
Agent benefits include:
More attractive financial splits, where a greater percentage of each commission goes to the agent
Revenue sharing programs, giving agents money that would normally be needed to support the brokerage
Superior and timely communication, with agents able to get more training to succeed and build the company, without having to travel to a physical office
Equity ownership programs, whereby agents continually grow their stake in the company by getting shares that are earned for future payout, encouraging lower turnover
The company’s equity sharing programs, now available through eXp World Holdings as a publicly-traded corporation, are a huge draw for the company, and have significantly encouraged growth in the number of agents. These programs provide a variety of ways for agents to get actual shares of the company, in addition to superior commissions, effectively providing a form of retirement program in which it is easy to participate. The shares can be earned in a number of ways, and are not just a reward for exceptional performance, but are also held for payout at a set future date to encourage agents to stay with the company, significantly lowering agent turnover.
Such equity sharing works hand-in-hand with the company’s position as a truly national brokerage, rather than a traditional franchise-based operation. Instead of local brokerages and agents feeling compelled to compete with one another, there is only one brokerage, in which agents own a growing stake. As a result, they are encouraged to bring in other agents and to do whatever they can to make the business grow. The effect has been rapid expansion, which the technology is easily able to handle without the loss of community and company unity.
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
Friday, February 24, 2017
Telkonet, Inc. (TKOI) Helps Organizations Decrease Operating Costs While Reducing Carbon Footprint
Since the recession in the mid-2000’s, the U.S. as a whole has made significant steps toward lowering its carbon emissions. In California, the California Energy Commission is the primary energy policy and planning agency, committed to helping individuals and organizations reduce their energy costs and environmental impact while maintaining a safe, reliable, and long-lasting supply of energy.
The standards outlined by California’s Energy Commission in Title 24 are updated every three years, aiming to improve upon the standards set in 2013, while continuing to reduce energy consumption and contribute toward reducing carbon dioxide emissions across the world. Two specific aspects of reducing carbon footprint are outlined in the standards, these include controlling space temperature and controlling lighting and plug loads.
Although the standards do not give clear recommendations on how to achieve the above, Telkonet, Inc. (OTCQB: TKOI), a company committed to sustainable product innovation and technological expertise, believes it has the answer. The company feels that implementing a single product able to work as an energy management system, with intelligent sensors and controllers that operate through a cloud-based command center, is far more efficient than using diverse products from numerous manufacturers.
With this in mind, Telkonet has developed EcoSmart, a revolutionary intelligent automation platform that works with a full suite of connected IoT (Internet Of Things) products and gives customers in-depth energy usage information, control, and analytics. The platform, made up of wireless devices, offers real-time reporting whereby it can track progress toward an individual’s or company’s energy efficiency goals.
Telkonet believes EcoSmart could be the solution to Title 24 compliance, as it is an all-in-one platform that allows clients to achieve a perfect balance between energy efficiency and occupant comfort. The EcoSmart system decreases energy usage in unoccupied spaces so that it doesn’t affect tenants living or working in the space. The solution is perfect for unpredictable spaces, such as hotels, university residences, offices, and others.
For more information, visit www.Telkonet.com
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The standards outlined by California’s Energy Commission in Title 24 are updated every three years, aiming to improve upon the standards set in 2013, while continuing to reduce energy consumption and contribute toward reducing carbon dioxide emissions across the world. Two specific aspects of reducing carbon footprint are outlined in the standards, these include controlling space temperature and controlling lighting and plug loads.
Although the standards do not give clear recommendations on how to achieve the above, Telkonet, Inc. (OTCQB: TKOI), a company committed to sustainable product innovation and technological expertise, believes it has the answer. The company feels that implementing a single product able to work as an energy management system, with intelligent sensors and controllers that operate through a cloud-based command center, is far more efficient than using diverse products from numerous manufacturers.
With this in mind, Telkonet has developed EcoSmart, a revolutionary intelligent automation platform that works with a full suite of connected IoT (Internet Of Things) products and gives customers in-depth energy usage information, control, and analytics. The platform, made up of wireless devices, offers real-time reporting whereby it can track progress toward an individual’s or company’s energy efficiency goals.
Telkonet believes EcoSmart could be the solution to Title 24 compliance, as it is an all-in-one platform that allows clients to achieve a perfect balance between energy efficiency and occupant comfort. The EcoSmart system decreases energy usage in unoccupied spaces so that it doesn’t affect tenants living or working in the space. The solution is perfect for unpredictable spaces, such as hotels, university residences, offices, and others.
For more information, visit www.Telkonet.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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National Waste Management Holdings, Inc. (NWMH) Offering Reliable MSW Landfill and Recycling Services
Although the volume of waste generated across the U.S. and worldwide grows each year, there are still insufficient waste management solutions, such as landfills or comprehensive recycling, to counter the negative effects this amount of waste can have on the environment. According to World Bank statistics (http://nnw.fm/NakH7), there are currently over 1.3 billion tons of municipal solid waste (MSW) generated on a global scale, and this number is expected to almost double in the next decade, reaching 2.2 billion tons by 2025. This increase represents a significant hike in per capita generation rates, from 2.6 to 3.13 kilograms per person per day by 2025.
The figure varies from one region to another, depending directly on affluence, local income, industrialization, state of economy and other factors. The United States, for instance, is responsible for approximately 258 million tons of MSW, according to 2014 figures released by the Environmental Protection Agency. According to Duke University statistics (http://nnw.fm/n6HTv), the average person in the U.S. generates more than 4.3 pounds of waste per day. Of this, approximately 55 percent – or roughly 136 million tons in 2014 – is landfilled. The rest is either recycled (89 million tons were recycled and composted in 2014, or approximately 34.6 percent) or combusted with energy recovery (about 33 million tons).
Nowadays in the U.S. there are considerably fewer landfills than a couple of decades ago, but the ones still active need to be fully in line with EPA imposed standards to limit the volume of methane emissions as much as possible. Responsible landfill operators such as Florida-based National Waste Management Holdings, Inc. (OTC: NWMH) are already exploring various ways to limit the impact of landfill operations on the environment by including efficient on-site sorting lines and recycling facilities to ensure that only the appropriate kind of waste is landfilled and that anything that can be recycled and recovered – mostly construction & demolition debris – will be.
Located in Hernando, Florida, and also servicing Citrus and Marion counties, National Waste Management Holdings’ 54-acre landfill disposes of about 240,000 cubic yards of C&D debris per year. Operating with the local Department of Environmental Protection’s permit, the landfill is a C&D waste disposal leader on Florida’s west coast, reflecting the company’s strong commitment to working for a cleaner environment. For this purpose, National Waste Management Holdings has changed its business model to make recycling the focus of all its services and also has plans to set up a portable sorting line at the landfill this year in an effort to increase recycling rates.
The landfill operates in strict compliance with Department of Environmental Protection standards and does not accept any kind of material that fails to respect these standards. Approved C&D waste that is received and considered for recycling includes asphalt; brick; lumber and wood; drywall and plaster; dirt, sand and uncontaminated soil; pallets; roofing materials; metal materials; glass; electrical wiring and components; non-asbestos insulation; and more. Any hazardous waste is prohibited, along with residential garbage and putrescible waste; mercury-based devices; gas tanks; auto parts; oil containers; biomedical waste; asbestos; contaminated soil; industrial waste; and more.
For more information, visit the company’s website at www.nationalwastemgmt.com
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The figure varies from one region to another, depending directly on affluence, local income, industrialization, state of economy and other factors. The United States, for instance, is responsible for approximately 258 million tons of MSW, according to 2014 figures released by the Environmental Protection Agency. According to Duke University statistics (http://nnw.fm/n6HTv), the average person in the U.S. generates more than 4.3 pounds of waste per day. Of this, approximately 55 percent – or roughly 136 million tons in 2014 – is landfilled. The rest is either recycled (89 million tons were recycled and composted in 2014, or approximately 34.6 percent) or combusted with energy recovery (about 33 million tons).
Nowadays in the U.S. there are considerably fewer landfills than a couple of decades ago, but the ones still active need to be fully in line with EPA imposed standards to limit the volume of methane emissions as much as possible. Responsible landfill operators such as Florida-based National Waste Management Holdings, Inc. (OTC: NWMH) are already exploring various ways to limit the impact of landfill operations on the environment by including efficient on-site sorting lines and recycling facilities to ensure that only the appropriate kind of waste is landfilled and that anything that can be recycled and recovered – mostly construction & demolition debris – will be.
Located in Hernando, Florida, and also servicing Citrus and Marion counties, National Waste Management Holdings’ 54-acre landfill disposes of about 240,000 cubic yards of C&D debris per year. Operating with the local Department of Environmental Protection’s permit, the landfill is a C&D waste disposal leader on Florida’s west coast, reflecting the company’s strong commitment to working for a cleaner environment. For this purpose, National Waste Management Holdings has changed its business model to make recycling the focus of all its services and also has plans to set up a portable sorting line at the landfill this year in an effort to increase recycling rates.
The landfill operates in strict compliance with Department of Environmental Protection standards and does not accept any kind of material that fails to respect these standards. Approved C&D waste that is received and considered for recycling includes asphalt; brick; lumber and wood; drywall and plaster; dirt, sand and uncontaminated soil; pallets; roofing materials; metal materials; glass; electrical wiring and components; non-asbestos insulation; and more. Any hazardous waste is prohibited, along with residential garbage and putrescible waste; mercury-based devices; gas tanks; auto parts; oil containers; biomedical waste; asbestos; contaminated soil; industrial waste; and more.
For more information, visit the company’s website at www.nationalwastemgmt.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.
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M Pharmaceutical, Inc. (MPHMF) Aims to Develop the Best-Selling Weight Loss Medication of All Time
There’s a growing obesity epidemic in the United States. Currently, almost 80 million people in the U.S. are obese, with two out of every three Americans considered to be either obese or overweight.
The obesity rate in 1990 was 12 percent, which nearly doubled to 23 percent in 2005. It increased to 35 percent by 2010 and now exceeds 38 percent. The Centers for Disease Control and Prevention has projected the U.S. obesity rate to exceed 42 percent by 2030.
This rampant increase persists while obesity remains one of the most significant drivers of preventable chronic diseases and health care costs in the United States. Estimates for obesity-related health care costs range from $147 billion to well over $200 billion annually.
This epidemic presents enormous opportunity for pharmaceutical companies targeting obesity. Analysts estimate that the worldwide market for obesity drugs, devices, and surgical procedures totals hundreds of billions of dollars. Novo Nordisk (NYSE: NVO) introduced Saxenda, its first medical treatment for obesity, to the market over a year ago. Results have been promising, but Saxenda is expensive and requires patient injections. Vivus (NASDAQ: VVUS) and Arena (NASDAQ: ARNA) both introduced weight loss drugs designed with the intention of aiding obese people with a BMI of 30 or higher. Neither of these drugs has captured attention or market share like orlistat.
Orlistat, the best-selling weight loss medication of all time, is marketed in different formats by Roche (OTCQX: RHHBY) and GlaxoSmithKline (NYSE: GSK). Orlistat has proven safe and effective in over 100 clinical trials, however, orlistat produces unpleasant gastrointestinal effects that have led to significant sales declines.
Less than a year ago, M Pharmaceutical, Inc. (OTCQB: MPHMF) acquired exclusive rights to a reformulation of orlistat, the obesity drug C-103, in both prescription strength and over-the-counter formulations. With three patient studies completed, M Pharmaceutical’s reformulation of orlistat was shown to eliminate the adverse effects in 98 percent of trial patients.
With patent protection in 131 countries through 2030, M Pharmaceutical has global designs for its reformulation of orlistat and may exceed current orlistat to become the best-selling weight loss medication of all time.
For more information, visit www.M-Pharma.ca
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CytoDyn Inc. (CYDY) Making Waves in the HIV Treatment Space
To date, the standard of care for men and women with the human immunodeficiency virus (HIV) has been a mix of medications, often pills, from different antiretroviral classes that hinder different steps of the HIV lifecycle. Although generally effective, the drug regimens that currently dominate the HIV treatment space also have limitations. They require daily dosing. They are linked with side-effects. They are vulnerable to drug resistance. And, in some patients, they are simply not effective. As a result, there are long-term HIV survivors who are now dealing with issues of drug resistance and need new treatment options.
There is general agreement within the medical community that HIV treatments will soon be dispensed through subcutaneous or intra-muscular injections. Biotech companies at the forefront of this space, including ViiV Healthcare (a subsidiary of GlaxoSmithKline), Janssen Pharmaceuticals, and CytoDyn Inc. (OTCQB: CYDY), are now developing this category of drugs and have progressed to the late stages of clinical development.
CytoDyn, with its focus on improving the standard of living for HIV patients, has plans for new breakthrough therapies that serve the unmet needs of a growing number of treatment-experienced HIV patients with virologic failure.
One of the monoclonal antibodies that CytoDyn has under development is its lead drug candidate, PRO 140, a therapeutic anti-viral agent in Phase III clinical trial for the treatment of persons already infected with HIV. With several potential benefits, including less frequent dosing and minimal side effects, PRO 140 belongs to a new class of HIV/AIDS therapeutics that protects healthy cells from viral infection. Last month, CytoDyn took an important step to further distinguish PRO 140 from currently-used HIV treatments. It filed a request with the U.S. Food and Drug Administration asking the federal agency to assign PRO 140 the Breakthrough Therapy Designation.
To learn more about this biotech company’s breakthrough therapies, visit www.CytoDyn.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.
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There is general agreement within the medical community that HIV treatments will soon be dispensed through subcutaneous or intra-muscular injections. Biotech companies at the forefront of this space, including ViiV Healthcare (a subsidiary of GlaxoSmithKline), Janssen Pharmaceuticals, and CytoDyn Inc. (OTCQB: CYDY), are now developing this category of drugs and have progressed to the late stages of clinical development.
CytoDyn, with its focus on improving the standard of living for HIV patients, has plans for new breakthrough therapies that serve the unmet needs of a growing number of treatment-experienced HIV patients with virologic failure.
One of the monoclonal antibodies that CytoDyn has under development is its lead drug candidate, PRO 140, a therapeutic anti-viral agent in Phase III clinical trial for the treatment of persons already infected with HIV. With several potential benefits, including less frequent dosing and minimal side effects, PRO 140 belongs to a new class of HIV/AIDS therapeutics that protects healthy cells from viral infection. Last month, CytoDyn took an important step to further distinguish PRO 140 from currently-used HIV treatments. It filed a request with the U.S. Food and Drug Administration asking the federal agency to assign PRO 140 the Breakthrough Therapy Designation.
To learn more about this biotech company’s breakthrough therapies, visit www.CytoDyn.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
Thursday, February 23, 2017
The Alkaline Water Co. (WTER) Reports Revenue Jump of 78% for Nine Months Ended December 31, 2016
Expanded distribution to 36 more of the top national grocery retailers propelled The Alkaline Water Company, Inc. (OTCQB: WTER) to reach revenues of $8,927,976 for the nine months ended December 31, 2016. This represents an increase of 78% compared to $5,010,547 generated during the same period in 2015. For its third quarter ended December 31, 2016, sales were $2,973,689, a 67% increase from its sales of $1,777,701 for the same period in 2015. The company is in the bottled water industry. Its fiscal year ends March 31.
For both periods, the company sharply cut its losses. For the three months ended December 31, 2016, the net loss was $498,374, compared to its loss of $1,094,721 during the same period in 2015. For the nine months ended December 31, 2016, the net loss was $2,787,681, compared to the net loss of $3,644,028 during the same period in 2015.
In its February 14, 2017, SEC 10-Q filing (http://nnw.fm/7kgSS), The Alkaline Water Company, Inc., stated that its jump in revenues for the three and nine months ended December 31, 2016, was attributed to the increase in its distribution. In both 2016 and 2015 periods ending on December 31, the company’s products were available in all 50 states. However, for the year ended March 31, 2016, its water products were in 25,000 retail locations instead of just 20,000 the prior year. That increased distribution, the company reported to the SEC, generated the increased revenues for the most recent three- and nine-month periods ended December 31, 2016.
In the SEC filing, the company said that it sells to customers including the food chains of Albertson’s, Safeway, Kroger, Jewel-Osco and more. It also sells to convenience stores and natural foods product stores, the filing stated. It sold direct to large national distributors. In both the three-month and nine-month periods ended December 31, 2016, the company’s increased volume meant that its gross profit rate increased, as it was able to buy raw materials in larger volume from its suppliers. As a result, its losses for both the three months and nine months ended December 31, 2016, were reduced.
In the 10-Q, The Alkaline Water Company, Inc., reported that it had entered, on February 1, 2017, a $3 million, three-year, revolving credit agreement with SCM Specialty Finance Opportunities Fund, L.P. It has drawn $686,080.94 on that financial revolver to pay off the amount it borrowed earlier from Gibraltar Business Capital, LLC. Of the total, $628,782.94 was used to pay off the Gibraltar debt, and the remaining monies paid closing costs.
For more information, visit www.TheAlkalineWaterCo.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.
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Golden Entertainment, Inc. (NASDAQ: GDEN) Set to Capitalize on the Immensity of the US Gambling Market
Billions of dollars are generated from the U.S. gambling market each year. Despite a new movement toward online gambling, especially in the United Kingdom, physical brick and mortar casinos are still dominating in terms of revenue.
A political aspect that could impact the casino industry in the U.S. is the election of Donald Trump. Although moral issues still surround the market, the new president has close affiliations with the casino industry. In 2015, gross gaming revenue (GGR) came in at over 40%, but in 2016, according to CasinoNewsDaily.com (http://nnw.fm/6LdvT), the U.S. was at the top of the full-year losses chart, the number representing the amount staked by gambling customers minus payouts.
According to InvestmentWatchBlog.com (http://nnw.fm/4cJVw), the casino annual growth rate in Nevada came in at 4.5% between 2011 and 2015, with a market growth during that period of 7.3%. Despite it not being known how much revenue makes up the online casino industry compared to the brick and mortar casino industry, slots make up 50% of gaming revenue in Nevada.
Golden Entertainment, Inc. (NASDAQ: GDEN), the largest branded tavern operator in Nevada and a market leader in distributed gaming, is set to capitalize on the immensity of the U.S. gambling market through its robust development and acquisition pipeline, which included the acquisitions of C. Lohman Games, Inc. in January 2016, and Amusement Services, LLC in April of the same year. The company now has over 10,000 devices in over 1,000 locations across the United States, including Pahrump Nugget Hotel & Casino, Gold Town Casino, and Lakeside Casino & RV Park, all of which are in Nevada.
Golden Entertainment has multiple paths to achieve meaningful growth. For 2017, the company has seven new taverns under development with a robust pipeline of new-build sites. The company plans to acquire smaller distributed gaming operators that lack the scale to compete in profitability, as well as regional casino assets, and also to reinvest in existing casino properties, such as its Rocky Gap and Pahrump facilities.
Golden Entertainment currently owns rights to potential distributed gaming locations and aims to pioneer new distributed gaming jurisdictions across the country. Additionally, by merging with public gaming operators, the company is offering the potential for increased liquidity to shareholders.
For more information, visit www.GoldenEnt.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.
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A political aspect that could impact the casino industry in the U.S. is the election of Donald Trump. Although moral issues still surround the market, the new president has close affiliations with the casino industry. In 2015, gross gaming revenue (GGR) came in at over 40%, but in 2016, according to CasinoNewsDaily.com (http://nnw.fm/6LdvT), the U.S. was at the top of the full-year losses chart, the number representing the amount staked by gambling customers minus payouts.
According to InvestmentWatchBlog.com (http://nnw.fm/4cJVw), the casino annual growth rate in Nevada came in at 4.5% between 2011 and 2015, with a market growth during that period of 7.3%. Despite it not being known how much revenue makes up the online casino industry compared to the brick and mortar casino industry, slots make up 50% of gaming revenue in Nevada.
Golden Entertainment, Inc. (NASDAQ: GDEN), the largest branded tavern operator in Nevada and a market leader in distributed gaming, is set to capitalize on the immensity of the U.S. gambling market through its robust development and acquisition pipeline, which included the acquisitions of C. Lohman Games, Inc. in January 2016, and Amusement Services, LLC in April of the same year. The company now has over 10,000 devices in over 1,000 locations across the United States, including Pahrump Nugget Hotel & Casino, Gold Town Casino, and Lakeside Casino & RV Park, all of which are in Nevada.
Golden Entertainment has multiple paths to achieve meaningful growth. For 2017, the company has seven new taverns under development with a robust pipeline of new-build sites. The company plans to acquire smaller distributed gaming operators that lack the scale to compete in profitability, as well as regional casino assets, and also to reinvest in existing casino properties, such as its Rocky Gap and Pahrump facilities.
Golden Entertainment currently owns rights to potential distributed gaming locations and aims to pioneer new distributed gaming jurisdictions across the country. Additionally, by merging with public gaming operators, the company is offering the potential for increased liquidity to shareholders.
For more information, visit www.GoldenEnt.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
Vertex Energy, Inc. (NASDAQ: VTNR) Enters into $30 Million Credit Refinancing
Vertex Energy, Inc. (NASDAQ: VTNR) announced on February 8, 2017, that it has reached an agreement with Encina Business Credit, LLC (EBC) for a $30 million credit refinancing, including a funded term note, a draw term loan, and a revolving line of credit. The company indicated that the funds will be used to retire debt and for working capital.
Vertex Energy, Inc., refines and markets high quality hydrocarbon products. It filed an 8-K with the SEC on February 7, 2017, defining the new credit facility from EBC.
“The refinance of the company’s prior credit facility reflects our belief in the future growth of the company,” said Benjamin P. Cowart, CEO of Vertex. “We believe that this step was necessary in ensuring that we clean up our balance sheet, which includes paying off both of our prior lenders, consolidating our debt into one facility and strengthening our cash position.”
EBC is an asset-based lender specializing in middle market borrowers. Its revolving lines of credit and term loans range from $5 million to $50 million. It lends to both public and private companies. Positive cash flow is not required.
Cowart added that Vertex Energy is positioned to grow its business in 2017.
“With the financing completed, we were able to close on the acquisition on the assets of a small collection company in Louisiana. With approximately 90 million gallons of processing capacity, we believe that our collections vertical is key to our growth,” he said.
The company anticipates growing its self-collected gallons from some 20% of overall production to 25% in 2017, he added.
The SEC 8-K filing detailed the arrangements with EBC. It stated that $12 million was loaned to Vertex by EBC on February 1, 2017, and an additional $8 million may be loaned from time to time, under the new credit agreement. The other $10 million will be made available by EBC to Vertex under a revolving credit agreement formula, including ‘eligible’ inventory. The revolving credit agreement terminates on February 1, 2020, when any unpaid amounts and interest are due, the filing states.
Vertex Energy, Inc. stated that its use of revolving credit funds would be for working capital, capital expenditures and to refinance existing credit obligations. The company used $11,282,537 for that purpose. As of the filing date, the company had borrowed $12 million of the EBC credit agreement and $884,000 under the revolving credit agreement.
For more information, refer to www.VertexEnergy.com
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For more information, visit https://www.NetworkNewsWire.com
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Vertex Energy, Inc., refines and markets high quality hydrocarbon products. It filed an 8-K with the SEC on February 7, 2017, defining the new credit facility from EBC.
“The refinance of the company’s prior credit facility reflects our belief in the future growth of the company,” said Benjamin P. Cowart, CEO of Vertex. “We believe that this step was necessary in ensuring that we clean up our balance sheet, which includes paying off both of our prior lenders, consolidating our debt into one facility and strengthening our cash position.”
EBC is an asset-based lender specializing in middle market borrowers. Its revolving lines of credit and term loans range from $5 million to $50 million. It lends to both public and private companies. Positive cash flow is not required.
Cowart added that Vertex Energy is positioned to grow its business in 2017.
“With the financing completed, we were able to close on the acquisition on the assets of a small collection company in Louisiana. With approximately 90 million gallons of processing capacity, we believe that our collections vertical is key to our growth,” he said.
The company anticipates growing its self-collected gallons from some 20% of overall production to 25% in 2017, he added.
The SEC 8-K filing detailed the arrangements with EBC. It stated that $12 million was loaned to Vertex by EBC on February 1, 2017, and an additional $8 million may be loaned from time to time, under the new credit agreement. The other $10 million will be made available by EBC to Vertex under a revolving credit agreement formula, including ‘eligible’ inventory. The revolving credit agreement terminates on February 1, 2020, when any unpaid amounts and interest are due, the filing states.
Vertex Energy, Inc. stated that its use of revolving credit funds would be for working capital, capital expenditures and to refinance existing credit obligations. The company used $11,282,537 for that purpose. As of the filing date, the company had borrowed $12 million of the EBC credit agreement and $884,000 under the revolving credit agreement.
For more information, refer to www.VertexEnergy.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. (NASDAQ: MOXC) Offers Customers a Convenient Shopping Experience through Efficient Design and Messaging Platform
China is one of the leaders of the online to offline (O2O) market, with this community expected to increase nearly 15-fold in the next five years according to Roland Berger (http://nnw.fm/N2DUc). The country is now leading the O2O world both from an adoption and innovation point of view. Brands across the country are now taking advantage of this new opportunity, with marketing campaigns that incorporate the digital and physical worlds.
Why has the popularity of O2O grown so significantly in the past decade? Firstly, the sheer number of people connected to the internet via a mobile device has grown significantly. New technologies also play a role in this shift toward the O2O market, with more people embracing QR codes that connect them directly to a brand.
The introduction of mobile payments has made everything more accessible to consumers. People are able to pay directly via their mobile devices. Contactless cards and online payments can be made with minimal effort. With China leading the mobile payments industry, new innovative ways of making payments have been put to the test.
However, the surge of mobile devices, the internet, and mobile payments are not the only driving factors of the O2O market in China. Convenience is at the forefront, with design and messaging platforms being a key priority for any business. Moxian, Inc. (NASDAQ: MOXC) has mastered both of these through its Moxian+ Business and Moxian+ User applications.
Providing social marketing and promotional platforms designed to help merchants advertise to their audiences via social media offers companies the chance to create awareness through a simple application. The application has a basic design, giving users the chance to enjoy rewards and get involved with fun activities while meeting new people and playing games. It also allows users to communicate with friends and find out about the latest news through its media messenger feature. Moxian works under the motto of ‘online lifestyle, offline fun’, giving consumers and merchants the chance to interact on a more comprehensive level.
For more information, visit 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
Why has the popularity of O2O grown so significantly in the past decade? Firstly, the sheer number of people connected to the internet via a mobile device has grown significantly. New technologies also play a role in this shift toward the O2O market, with more people embracing QR codes that connect them directly to a brand.
The introduction of mobile payments has made everything more accessible to consumers. People are able to pay directly via their mobile devices. Contactless cards and online payments can be made with minimal effort. With China leading the mobile payments industry, new innovative ways of making payments have been put to the test.
However, the surge of mobile devices, the internet, and mobile payments are not the only driving factors of the O2O market in China. Convenience is at the forefront, with design and messaging platforms being a key priority for any business. Moxian, Inc. (NASDAQ: MOXC) has mastered both of these through its Moxian+ Business and Moxian+ User applications.
Providing social marketing and promotional platforms designed to help merchants advertise to their audiences via social media offers companies the chance to create awareness through a simple application. The application has a basic design, giving users the chance to enjoy rewards and get involved with fun activities while meeting new people and playing games. It also allows users to communicate with friends and find out about the latest news through its media messenger feature. Moxian works under the motto of ‘online lifestyle, offline fun’, giving consumers and merchants the chance to interact on a more comprehensive level.
For more information, visit 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
Wednesday, February 22, 2017
AudioEye, Inc. (AEYE) Adds 51 Banking Clients, Raises 2017 Bookings Goal
AudioEye, Inc. (OTCQB: AEYE) has 51 new banking customers this year, it announced on February 6, 2017 (http://nnw.fm/tyG8W), giving it a total of 175 additional banking clients over the past 12-month period.
AudioEye, Inc. develops accessibility compliance software that enables its clients to use advanced technology to achieve greater accessibility. The result is that engineers are able to add accessibility into their websites.
Dan Sullivan, vice president of sales, pointed out that adding 51 new banking clients in the first 47 days of 2017 is more than one new client per day in this sector. “Risk mitigation continues to be the dominant driver in the increase of service agreements, but when our potential new customers realize accessibility opens up access and usability to a new population of users to upwards of 10%-15% of the population, they find a true return on investment (ROI) in our service.”
AudioEye, Inc. also announced, on February 6, 2017, its goal for 2017 cash contract advanced bookings was $4 million-$6 million, indicating that its new business pipeline is in excess of $5.4 million. Earlier, AudioEye reported cash contract sales for 2016 at $1.93 million. It said it was targeting governmental agencies, schools, banks, retail and human resources as markets that require accessible technologies.
AudioEye, Inc. has also been named vendor to Seattle Public Schools District 1 (http://nnw.fm/ba1RD) to ensure the web content, websites and pages are compliant and available. The vote to name AudioEye, Inc. was unanimous, the company announced on January 24, 2017. AudioEye, Inc. makes software designed to enable all entities, from corporations to governmental agencies, to make technology more easily consumable.
Seattle Public Schools (SPS) stated that the decision to choose AudioEye was made after an extensive vendor evaluation process to find a company that could solve a difficult problem economically.
In the news release, Sean Bradley, president and CTO of AudioEye, said, “With approximately 98 school locations, 8,000 staff and 54,000 students within the limits of Seattle, SPS is prioritizing digital inclusion as they seek to ensure an accessible user experience for all their constituents, regardless of individual ability.” The solution was located in AudioEye’s digital platform and managed services.
For more information, visit www.AudioEye.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
AudioEye, Inc. develops accessibility compliance software that enables its clients to use advanced technology to achieve greater accessibility. The result is that engineers are able to add accessibility into their websites.
Dan Sullivan, vice president of sales, pointed out that adding 51 new banking clients in the first 47 days of 2017 is more than one new client per day in this sector. “Risk mitigation continues to be the dominant driver in the increase of service agreements, but when our potential new customers realize accessibility opens up access and usability to a new population of users to upwards of 10%-15% of the population, they find a true return on investment (ROI) in our service.”
AudioEye, Inc. also announced, on February 6, 2017, its goal for 2017 cash contract advanced bookings was $4 million-$6 million, indicating that its new business pipeline is in excess of $5.4 million. Earlier, AudioEye reported cash contract sales for 2016 at $1.93 million. It said it was targeting governmental agencies, schools, banks, retail and human resources as markets that require accessible technologies.
AudioEye, Inc. has also been named vendor to Seattle Public Schools District 1 (http://nnw.fm/ba1RD) to ensure the web content, websites and pages are compliant and available. The vote to name AudioEye, Inc. was unanimous, the company announced on January 24, 2017. AudioEye, Inc. makes software designed to enable all entities, from corporations to governmental agencies, to make technology more easily consumable.
Seattle Public Schools (SPS) stated that the decision to choose AudioEye was made after an extensive vendor evaluation process to find a company that could solve a difficult problem economically.
In the news release, Sean Bradley, president and CTO of AudioEye, said, “With approximately 98 school locations, 8,000 staff and 54,000 students within the limits of Seattle, SPS is prioritizing digital inclusion as they seek to ensure an accessible user experience for all their constituents, regardless of individual ability.” The solution was located in AudioEye’s digital platform and managed services.
For more information, visit www.AudioEye.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
National Waste Management Holdings, Inc. (NWMH) Continues to Grow Thanks to Three-Pronged Approach to Business Strategy
Based in Florida, National Waste Management Holdings, Inc. (OTC: NWMH) is a growing waste management company providing compliant and comprehensive solutions for waste management. The company has created long-term partnerships with a variety of customers from multiple sectors, including municipal, commercial, industrial, and institutional.
NWMH operates based upon a three-pronged approach: acquiring complementary businesses in Florida, Upstate New York and surrounding areas; expanding its presence across the United States; and increasing its operational efficiency with both its existing clients and any future acquisitions.
In Florida, the company is currently covering Marion, Citrus, Hernando, Lake, Levy, Sumter, Pinellas, Pasco and Hillsborough Counties. National Waste Management Holdings has been showing impressive growth with an aggressive acquisition strategy, acquiring and restructuring existing “mom and pop type” facilities in Florida and neighboring counties, but also in Kingston, NY, and the surrounding areas in Upstate New York.
National Waste Management Holdings completed its acquisition of a permitted waste processing and disposal facility, Waste Recovery Enterprises, LLC, in Bainbridge, NY, for $250,000 and 2.75 million restricted shares of the company’s common stock. Waste Recovery also offers commercial and residential garbage collection and roll-off services, with plans to expand service offerings to include recycled cardboard and paper shredding operations. In addition to the above, the company recently closed its acquisition of Northeast Data Destruction and Recycling, and it has three acquisitions actively in negotiation, with plans to execute letters of intent for each entity by the end of February, including a construction and demolition (C&D) and class III transfer station in New Port Richey, FL, and a recycling facility in Lakeland, FL.
The company plans to continue enhancing its geographic footprint by exhausting local opportunities and expanding into neighboring counties and states, identifying cash flow positive companies to acquire, and generally building shareholder value through accretive acquisitions and a tuck-in strategy to maximize free cash flow. To expand its national presence, NWMH plans on creating new satellite offices in order to become more customer-centric and operationally economical. In the next three to five years, NWMH plans to make an additional 12 to 20 acquisitions, representing approximately $40 to $65 million in revenue.
For more information, visit the company’s website at www.nationalwastemgmt.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
NWMH operates based upon a three-pronged approach: acquiring complementary businesses in Florida, Upstate New York and surrounding areas; expanding its presence across the United States; and increasing its operational efficiency with both its existing clients and any future acquisitions.
In Florida, the company is currently covering Marion, Citrus, Hernando, Lake, Levy, Sumter, Pinellas, Pasco and Hillsborough Counties. National Waste Management Holdings has been showing impressive growth with an aggressive acquisition strategy, acquiring and restructuring existing “mom and pop type” facilities in Florida and neighboring counties, but also in Kingston, NY, and the surrounding areas in Upstate New York.
National Waste Management Holdings completed its acquisition of a permitted waste processing and disposal facility, Waste Recovery Enterprises, LLC, in Bainbridge, NY, for $250,000 and 2.75 million restricted shares of the company’s common stock. Waste Recovery also offers commercial and residential garbage collection and roll-off services, with plans to expand service offerings to include recycled cardboard and paper shredding operations. In addition to the above, the company recently closed its acquisition of Northeast Data Destruction and Recycling, and it has three acquisitions actively in negotiation, with plans to execute letters of intent for each entity by the end of February, including a construction and demolition (C&D) and class III transfer station in New Port Richey, FL, and a recycling facility in Lakeland, FL.
The company plans to continue enhancing its geographic footprint by exhausting local opportunities and expanding into neighboring counties and states, identifying cash flow positive companies to acquire, and generally building shareholder value through accretive acquisitions and a tuck-in strategy to maximize free cash flow. To expand its national presence, NWMH plans on creating new satellite offices in order to become more customer-centric and operationally economical. In the next three to five years, NWMH plans to make an additional 12 to 20 acquisitions, representing approximately $40 to $65 million in revenue.
For more information, visit the company’s website at www.nationalwastemgmt.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
Catalyst Pharmaceuticals, Inc. (NASDAQ: CPRX) Files SEC Prospectus
Catalyst Pharmaceuticals, Inc. (NASDAQ: CPRX) on January 10, 2017, filed with the SEC a prospectus (http://nnw.fm/9sGg6) for the sale in the aggregate of $33,842,512 of its common stock. The use of proceeds will be to fund both clinical and non-clinical studies of its product candidates and for general working capital.
Catalyst Pharmaceuticals is a development stage biopharmaceutical company which is developing CPP-115 to treat reduced GABAergic signaling-associated neurological conditions, such as Tourette’s and post-traumatic stress disorder. The FDA has designated CPP-115 orphan drug status in the U.S. for the treatment of infantile spasms. In Europe, for the treatment of West syndrome, it has been granted E.U. orphan medicinal product designation. In addition, the company is also developing a generic version of Sabril® (vigabatrin).
This prospectus offering is part of the company’s Shelf Registration Statement declared effective by the SEC on March 19, 2014. That enabled it to periodically sell its stock shares in the aggregate of $33,842,512, Catalyst Pharmaceuticals said in the new prospectus filing.
The company originally had 150 million shares of common stock and five million shares of preferred. Currently, it has 82,972,316 shares of common outstanding and no preferred shares outstanding.
The company expects to report to the FDA top line results in the second half of 2017 for its second phase 3 trial evaluating its candidate drug Firdapse® for the treatment of Lambert-Eaton Myasthenic Syndromes (LEMS). If the results are successful, the company expects to resubmit an NDA for Firdapse for the treatment of LEMS.
Further, if those test results are successful, the company expects to additionally provide evidence that Firdapse treats certain types of Congenital Myasthenic Syndromes (CMS) and request that CMS be included in its initial label.
Catalyst Pharmaceuticals, Inc., may also evaluate that drug for the treatment of myasthenia gravis and other rare neuromuscular diseases. No clinical programs for these indications have yet been developed, the company stated in the prospectus.
For CPP-115, the company intends to develop the drug for the treatment of epilepsy and Tourette’s syndrome. It would perform the required studies, subject to funding availability.
For more information, visit www.CatalystPharma.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
Catalyst Pharmaceuticals is a development stage biopharmaceutical company which is developing CPP-115 to treat reduced GABAergic signaling-associated neurological conditions, such as Tourette’s and post-traumatic stress disorder. The FDA has designated CPP-115 orphan drug status in the U.S. for the treatment of infantile spasms. In Europe, for the treatment of West syndrome, it has been granted E.U. orphan medicinal product designation. In addition, the company is also developing a generic version of Sabril® (vigabatrin).
This prospectus offering is part of the company’s Shelf Registration Statement declared effective by the SEC on March 19, 2014. That enabled it to periodically sell its stock shares in the aggregate of $33,842,512, Catalyst Pharmaceuticals said in the new prospectus filing.
The company originally had 150 million shares of common stock and five million shares of preferred. Currently, it has 82,972,316 shares of common outstanding and no preferred shares outstanding.
The company expects to report to the FDA top line results in the second half of 2017 for its second phase 3 trial evaluating its candidate drug Firdapse® for the treatment of Lambert-Eaton Myasthenic Syndromes (LEMS). If the results are successful, the company expects to resubmit an NDA for Firdapse for the treatment of LEMS.
Further, if those test results are successful, the company expects to additionally provide evidence that Firdapse treats certain types of Congenital Myasthenic Syndromes (CMS) and request that CMS be included in its initial label.
Catalyst Pharmaceuticals, Inc., may also evaluate that drug for the treatment of myasthenia gravis and other rare neuromuscular diseases. No clinical programs for these indications have yet been developed, the company stated in the prospectus.
For CPP-115, the company intends to develop the drug for the treatment of epilepsy and Tourette’s syndrome. It would perform the required studies, subject to funding availability.
For more information, visit www.CatalystPharma.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
ChineseInvestors.com, Inc. (CIIX) Taps Traditional Chinese Medicine Market with CBD
No one should have been astonished at the discovery, reported by NPR (http://nnw.fm/WboK6), of a ‘trove of cannabis plants found in (an) ancient tomb in China’. China represents a past civilization that has sprung many surprises over the centuries, and has given us some of our greatest inventions, including the compass, gunpowder, papermaking, and printing.
On par with these innovations has been Traditional Chinese Medicine (TCM), which has relied, in part, on herbal remedies (tui na). The use of plant derivatives to alleviate maladies is as natural to the Chinese as drinking tea, which itself is thought to promote dental health due to a richness of fluoride in some strains, with anti-bacterial and anti-viral properties in others, and is a good source of Vitamin A in still others. Two millennia ago, a ‘tea’ made from hemp was consumed for medical purposes. Now ChineseInvestors.com, Inc. (OTCQB: CIIX) is going back to those roots. The company aims to be ‘the premier provider of cannabidiol (CBD) oil to the Chinese population in mainland China’.
CBD oil is a compound extracted from the cannabis plant. However, plants bred and grown for their high tetrahydrocannabinol (THC) content are commonly referred to as marijuana. THC is psychoactive and is responsible for the ‘high’ that marijuana use provides. Other cannabis plants contain only trace amounts of THC but have high concentrations of CBD, which is the second most common cannabinoid of the 85 or so found in cannabis. Unlike THC, CBD is non-psychotropic. Plants with a preponderance of CBD are called hemp.
Hemp oil is rich in protein, polyunsaturated fatty acids, omega 6, omega 3 and insoluble fiber. It is a good source of tocopherols or Vitamin E antioxidants and is packed with minerals such as potassium, magnesium, iron, zinc, calcium, and phosphorus, as well as microelements like strontium, thorium, arsenic and chromium. Hemp oil is thought to increase immunity, counteract aging skin and improve cardiovascular health. Several studies show that the linoleic acid present in hemp oil can slow down the aging process and fight psoriasis.
There have been encouraging reports (http://nnw.fm/vFSq6) of CBD helping epileptics, and Citizens United for Research in Epilepsy (CURE) has called for more study (http://nnw.fm/0WGdo) into the use of CBD to treat epilepsy.
Unlike their western counterparts, Chinese companies have a long history of researching and developing cannabis products. Data published by the World Intellectual Property Organization (WIPO) indicate that Chinese firms account for about half of the filings for patents on cannabis products.
Late last month, CIIX announced it was launching the world’s first CBD health products online store in the Chinese language under the domain name www.ChineseCBDoil.com. The company will use the site to sell CBD oil products to customers in the Chinese mainland, where hemp oil-derived products are legal, and to Chinese speakers in the U.S. and Canada.
At present, the competitive landscape is clear, with virtually no rivals, and CIIX has signed an agreement with a San Diego producer to white label and distribute a number of CBD products, which, since they are not THC based, are legal in all 50 U.S. states, as well as in China.
The prospects for success are excellent. Founder and CEO of CIIX, Warren Wang, recently cited an industry study as he announced an alliance with a Chinese private equity firm to raise capital for investment in medical and recreational marijuana ventures:
“According to The CBD Report published by The Hemp Business Journal, cannabidiol is one of the fastest growing market categories in the U.S. hemp and legal marijuana industries. In 2015, the CBD industry grew from a nearly invisible market… to $202 million in consumer sales, and it is further expected to grow to $2.1 billion in consumer sales by 2020. We are very excited that CIIX is launching the world’s first CBD online store focused on providing CBD health products for Chinese-speaking customers and making it possible for them to order various types of CBD products through www.chinesecbdoil.com.”
Traditional Chinese medicine is about to experience a renaissance.
For more information, visit the company’s website at www.ChineseInvestors.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
On par with these innovations has been Traditional Chinese Medicine (TCM), which has relied, in part, on herbal remedies (tui na). The use of plant derivatives to alleviate maladies is as natural to the Chinese as drinking tea, which itself is thought to promote dental health due to a richness of fluoride in some strains, with anti-bacterial and anti-viral properties in others, and is a good source of Vitamin A in still others. Two millennia ago, a ‘tea’ made from hemp was consumed for medical purposes. Now ChineseInvestors.com, Inc. (OTCQB: CIIX) is going back to those roots. The company aims to be ‘the premier provider of cannabidiol (CBD) oil to the Chinese population in mainland China’.
CBD oil is a compound extracted from the cannabis plant. However, plants bred and grown for their high tetrahydrocannabinol (THC) content are commonly referred to as marijuana. THC is psychoactive and is responsible for the ‘high’ that marijuana use provides. Other cannabis plants contain only trace amounts of THC but have high concentrations of CBD, which is the second most common cannabinoid of the 85 or so found in cannabis. Unlike THC, CBD is non-psychotropic. Plants with a preponderance of CBD are called hemp.
Hemp oil is rich in protein, polyunsaturated fatty acids, omega 6, omega 3 and insoluble fiber. It is a good source of tocopherols or Vitamin E antioxidants and is packed with minerals such as potassium, magnesium, iron, zinc, calcium, and phosphorus, as well as microelements like strontium, thorium, arsenic and chromium. Hemp oil is thought to increase immunity, counteract aging skin and improve cardiovascular health. Several studies show that the linoleic acid present in hemp oil can slow down the aging process and fight psoriasis.
There have been encouraging reports (http://nnw.fm/vFSq6) of CBD helping epileptics, and Citizens United for Research in Epilepsy (CURE) has called for more study (http://nnw.fm/0WGdo) into the use of CBD to treat epilepsy.
Unlike their western counterparts, Chinese companies have a long history of researching and developing cannabis products. Data published by the World Intellectual Property Organization (WIPO) indicate that Chinese firms account for about half of the filings for patents on cannabis products.
Late last month, CIIX announced it was launching the world’s first CBD health products online store in the Chinese language under the domain name www.ChineseCBDoil.com. The company will use the site to sell CBD oil products to customers in the Chinese mainland, where hemp oil-derived products are legal, and to Chinese speakers in the U.S. and Canada.
At present, the competitive landscape is clear, with virtually no rivals, and CIIX has signed an agreement with a San Diego producer to white label and distribute a number of CBD products, which, since they are not THC based, are legal in all 50 U.S. states, as well as in China.
The prospects for success are excellent. Founder and CEO of CIIX, Warren Wang, recently cited an industry study as he announced an alliance with a Chinese private equity firm to raise capital for investment in medical and recreational marijuana ventures:
“According to The CBD Report published by The Hemp Business Journal, cannabidiol is one of the fastest growing market categories in the U.S. hemp and legal marijuana industries. In 2015, the CBD industry grew from a nearly invisible market… to $202 million in consumer sales, and it is further expected to grow to $2.1 billion in consumer sales by 2020. We are very excited that CIIX is launching the world’s first CBD online store focused on providing CBD health products for Chinese-speaking customers and making it possible for them to order various types of CBD products through www.chinesecbdoil.com.”
Traditional Chinese medicine is about to experience a renaissance.
For more information, visit the company’s website at www.ChineseInvestors.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 Tangential Opportunities of the Cannabis Industry
The cannabis industry is heating up. More than half of the 50 states in the U.S. have now legalized marijuana for medicinal or recreational use, and several countries, including Brazil, Canada, Jamaica, Mexico, Paraguay, Portugal, Uruguay and the Netherlands, have also taken steps to legalize or decriminalize cannabis in the last two years. As a result, the cannabis industry has become ripe with new business opportunities. Recent developments in the industry, both locally and globally, have opened doors to tangential industries for companies like SinglePoint, Inc. (SING) (SING Profile), Medicine Man Tech, Inc. (MDCL), Reliq Health Technologies (RQHTF), General Cannabis Corp. (CANN) and Medical Marijuana, Inc. (MJNA).
The legal cannabis industry is arguably the fastest growing industry in the world. According to Cowen & Co., the industry could surpass $50 billion in revenue over the next 10 years thanks to the continuing legalization throughout the United States. With the passing of California’s Proposition 64, it is anticipated that the domino effect of recreational legalization will play out and the size of the industry will roughly triple in the near-term.
Since cannabis is still illegal under federal law, many commercial banks are not serving the industry. Only a small percentage of financial institutions—primarily small state-chartered banks and credit unions—presently serve the industry. Supporters like SinglePoint, however, see a day in the future when large national banks will offer comprehensive services to the cannabis industry and further spur its booming growth.
A “bankable” marijuana industry creates a sub-industry that SinglePoint (SING) is targeting. SinglePoint, through its SingleSeed Payments subsidiary, will offer payment processing solutions and currently offers mobile marketing services and more. SinglePoint also has plans to acquire and invest in companies in a variety of sectors of the cannabis industry. For this company, the establishment of a true “bankable” marijuana industry would have widespread, lucrative implications.
In anticipation of a bankable marijuana industry, SingleSeed is building a list of interested clients which you can find and sign up for at SingleSeed.com.
Emerging companies like Denver-based Medicine Man Technologies (MDCL) also have a significant stake in the state of the legal cannabis industry. Since 2014, Medicine Man Tech has offered cultivation consulting services for cannabis-growing technologies and methodologies. Through its retail operations and sale of cannabis products, the company has also diversified its position in this sector. Medicine Man Tech ended 2016 with 23 new clients in eight states and, throughout its history, has assisted more than 45 clients across 14 states. It is now one of the largest and most diversified cannabis consulting firms in the U.S.
In health care technology, Reliq Health Technologies (RQHTF) make up another category of companies looking to capitalize on the legal recreational cannabis industry. Reliq Health focuses on the development and operation of innovative, secure software systems that allow users to track assets using mobile devices. It also develops hardware and software platforms that allow complex patients to receive care at home. The Canadian company may be new to the cannabis industry, but its focus area, initiatives (including four pilot programs) and strong management team are already setting it up to disrupt the multi-billion-dollar community care market.
Industry players like General Cannabis (CANN) focus on obtaining and providing basic business elements for the industry. CANN acquires and then leases out real estate and operational facilities, and it offers associated support services such as security and transport. This allows small businesses that have financial restrictions to get up and running quickly, concentrating on the things that are important to them instead of spending their money and time on land and buildings.
A more comprehensive approach to the cannabis industry is seen in the likes of Medical Marijuana (MJNA), a holding company that evaluates and purchases value-added cannabis industry companies and product rights. As a result, the company is involved in a wide range of cannabis products, at all levels, from basic research and development to final marketing and distribution. The company also provides a number of general support services to cannabis-based companies and operations.
Groundbreaking entities like the ones mentioned above are paving the way for other companies to participate in the cannabis super-growth cycle. As the cannabis industry continues to make legal strides, a host of long-term, high-growth opportunities will continue to emerge for companies looking for greener pastures.
For more information on Singlepoint, Inc. (SING) please visit: 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
The legal cannabis industry is arguably the fastest growing industry in the world. According to Cowen & Co., the industry could surpass $50 billion in revenue over the next 10 years thanks to the continuing legalization throughout the United States. With the passing of California’s Proposition 64, it is anticipated that the domino effect of recreational legalization will play out and the size of the industry will roughly triple in the near-term.
Since cannabis is still illegal under federal law, many commercial banks are not serving the industry. Only a small percentage of financial institutions—primarily small state-chartered banks and credit unions—presently serve the industry. Supporters like SinglePoint, however, see a day in the future when large national banks will offer comprehensive services to the cannabis industry and further spur its booming growth.
A “bankable” marijuana industry creates a sub-industry that SinglePoint (SING) is targeting. SinglePoint, through its SingleSeed Payments subsidiary, will offer payment processing solutions and currently offers mobile marketing services and more. SinglePoint also has plans to acquire and invest in companies in a variety of sectors of the cannabis industry. For this company, the establishment of a true “bankable” marijuana industry would have widespread, lucrative implications.
In anticipation of a bankable marijuana industry, SingleSeed is building a list of interested clients which you can find and sign up for at SingleSeed.com.
Emerging companies like Denver-based Medicine Man Technologies (MDCL) also have a significant stake in the state of the legal cannabis industry. Since 2014, Medicine Man Tech has offered cultivation consulting services for cannabis-growing technologies and methodologies. Through its retail operations and sale of cannabis products, the company has also diversified its position in this sector. Medicine Man Tech ended 2016 with 23 new clients in eight states and, throughout its history, has assisted more than 45 clients across 14 states. It is now one of the largest and most diversified cannabis consulting firms in the U.S.
In health care technology, Reliq Health Technologies (RQHTF) make up another category of companies looking to capitalize on the legal recreational cannabis industry. Reliq Health focuses on the development and operation of innovative, secure software systems that allow users to track assets using mobile devices. It also develops hardware and software platforms that allow complex patients to receive care at home. The Canadian company may be new to the cannabis industry, but its focus area, initiatives (including four pilot programs) and strong management team are already setting it up to disrupt the multi-billion-dollar community care market.
Industry players like General Cannabis (CANN) focus on obtaining and providing basic business elements for the industry. CANN acquires and then leases out real estate and operational facilities, and it offers associated support services such as security and transport. This allows small businesses that have financial restrictions to get up and running quickly, concentrating on the things that are important to them instead of spending their money and time on land and buildings.
A more comprehensive approach to the cannabis industry is seen in the likes of Medical Marijuana (MJNA), a holding company that evaluates and purchases value-added cannabis industry companies and product rights. As a result, the company is involved in a wide range of cannabis products, at all levels, from basic research and development to final marketing and distribution. The company also provides a number of general support services to cannabis-based companies and operations.
Groundbreaking entities like the ones mentioned above are paving the way for other companies to participate in the cannabis super-growth cycle. As the cannabis industry continues to make legal strides, a host of long-term, high-growth opportunities will continue to emerge for companies looking for greener pastures.
For more information on Singlepoint, Inc. (SING) please visit: 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
Tuesday, February 21, 2017
eXp World Holdings, Inc. (EXPI) Still Growing Despite the 2016 Drop in Housing Affordability
At the end of 2016, the Federal Reserve announced that it would be raising its key interest rate for the first time since the housing bubble burst between 2005 and 2006. According to an article on Realtor.com (http://nnw.fm/yq2Tv), the interest on a 30-year fixed rate mortgage is expected to grow from under 4.2% in 2016 to anywhere between 4.5% and 5% by the end of this year.
Despite the rise in home prices slowing, they are still expected to go up 4% in 2017. In addition, Realtor.com (http://nnw.fm/xaZG4) reported 12% less available homes for sale in November 2016 than in the previous year. Despite a shortage of homes on the market, the U.S. Commerce Department’s new residential sales report (http://nnw.fm/y746P) stated that permits to put up new residences fell in November 2016. This was accompanied by fewer home constructions during the month, down nearly 20% below the revised October 2016 estimates. With the rise in mortgages and home prices, coupled with the low inventory of houses on the market today, buyers are expected to struggle to find their perfect homes.
Although the end of 2016 showed cause for concern for real estate businesses across the country, inventory for January moved at a 4% faster annual rate (http://nnw.fm/obP83). This stronger than usual off-season has left a low volume of available homes for sale with very high prices. But this dip in volume has not halted the rising interest in eXp World Holdings, Inc. (OTCQB: EXPI), holding company of eXp Realty LLC, or its growth.
The agent-owned, cloud-based real estate brokerage has continued to see a significant rise in new agents and brokers, with a growth rate of over 100% thanks to its technology revenue sharing and ownership. The company has accepted over 100 new agents and brokers into its team in the month of February alone, leading to more virtual meetings with a significant growth in attendance.
The company’s stock price has been powering higher for the best part of two years, reaching $3.96 per share in afternoon trading on Tuesday. EXPI recently announced the addition of its newest team member, real estate veteran and former quarterback for the Los Angeles Rams Vince Ferragamo.
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
Despite the rise in home prices slowing, they are still expected to go up 4% in 2017. In addition, Realtor.com (http://nnw.fm/xaZG4) reported 12% less available homes for sale in November 2016 than in the previous year. Despite a shortage of homes on the market, the U.S. Commerce Department’s new residential sales report (http://nnw.fm/y746P) stated that permits to put up new residences fell in November 2016. This was accompanied by fewer home constructions during the month, down nearly 20% below the revised October 2016 estimates. With the rise in mortgages and home prices, coupled with the low inventory of houses on the market today, buyers are expected to struggle to find their perfect homes.
Although the end of 2016 showed cause for concern for real estate businesses across the country, inventory for January moved at a 4% faster annual rate (http://nnw.fm/obP83). This stronger than usual off-season has left a low volume of available homes for sale with very high prices. But this dip in volume has not halted the rising interest in eXp World Holdings, Inc. (OTCQB: EXPI), holding company of eXp Realty LLC, or its growth.
The agent-owned, cloud-based real estate brokerage has continued to see a significant rise in new agents and brokers, with a growth rate of over 100% thanks to its technology revenue sharing and ownership. The company has accepted over 100 new agents and brokers into its team in the month of February alone, leading to more virtual meetings with a significant growth in attendance.
The company’s stock price has been powering higher for the best part of two years, reaching $3.96 per share in afternoon trading on Tuesday. EXPI recently announced the addition of its newest team member, real estate veteran and former quarterback for the Los Angeles Rams Vince Ferragamo.
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
Singlepoint, Inc. (SING) CEO Greg Lambrecht Discusses Acquisition Targets on Money TV with Donald Baillargeon
On a recent episode of Money TV with Donald Baillargeon (http://nnw.fm/70wNk), an internationally syndicated television program focusing on financial and economic issues, Singlepoint, Inc. (OTC: SING) chief executive officer, founder, and President Greg Lambrecht discussed his company’s exponential growth and its immediate acquisition plans as the driving force behind the recent increase in stock volume and price. Lambrecht and Baillargeon started the interview by noting how appropriate the company’s ticker symbol is, given that the company has indeed been “singing” lately on the stock market. Singlepoint has been one of the highest volume OTC companies for the last two weeks, Lambrecht said.
The Singlepoint CEO underlined that his company’s main strategy is based on strategic acquisitions that can help it expand its portfolio and get its revenues up. A leading provider of mobile technology, mobile marketing and mobile payment services, Singlepoint already has acquisitions in several verticals, including fantasy sports, mobile payment and auction software, digital advertising and more. Its most recent focus, however, has been the ever-growing cannabis industry. In the wake of last year’s election that made medical and/or recreational marijuana use legal in eight more states, bringing the total number of states that allow the substance to 28, Singlepoint reactivated its SingleSeed Payments subsidiary – a merchant payment processing company aiming to serve legal marijuana businesses. The company also announced plans to expand its reach on the market through new acquisitions.
“We put up an LOI a couple of weeks ago, and you’re going to hear about that soon,” Lambrecht said during the interview. “We also have two other LOIs out there so we are really focusing on acquisitions, and Singlepoint is going to be presenting some very big and very good news on those acquisitions in the near future.”
The Singlepoint CEO did not go into more detail about what acquisitions his company is planning, but he did speak more extensively about the main criteria for these acquisitions. “One of the main criteria right now is that they are in the cannabis business and particularly that they’re in the cannabis business but they don’t actually touch the cannabis – just like us, a merchant processor in the dispensaries,” he explained. One of the companies that meets this criterion and that Singlepoint is already targeting for acquisition is Convectium, which manufactures a unique and innovative oil filling machine able to fill cartridges and disposable vape pens for dispensaries or wholesale distribution. Besides Convectium, Singlepoint is also discussing acquisition with a company that is on the software side of the cannabis industry, Lambrecht said.
In addition to this criterion, another major factor that can decide an acquisition is, naturally, the target company’s financials. “The other companies that we’re looking at have really strong EBITDA and strong revenue numbers,” the Singlepoint CEO said.
Lambrecht also discussed his company’s joint ventures, including venture plans with a couple of mobile pay companies that are expected to be revealed soon and could bring considerable revenue to Singlepoint. The company’s massive success on the market in terms of stock price and volume has also drawn the interest of institutional investors. “We’re getting a lot of attention from Wall Street and other that, even though we’re a Pink and right now we’re offering rule 144, that doesn’t seem to bother them. With our volume and stock price, we have a lot of interested parties that want to invest in Singlepoint and I get why: they know that through the next year, with our acquisitions and joint ventures that we have planned, hopefully the stock in 12 months (…) is going to be the same volume and certainly higher price,” Lambrecht explained.
Furthermore, he said that all the money raised from these investments is going directly toward acquiring companies. “That’s where it should go and that’s where it’s going and this is just going to make the company stronger and have a higher market cap.”
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
The Singlepoint CEO underlined that his company’s main strategy is based on strategic acquisitions that can help it expand its portfolio and get its revenues up. A leading provider of mobile technology, mobile marketing and mobile payment services, Singlepoint already has acquisitions in several verticals, including fantasy sports, mobile payment and auction software, digital advertising and more. Its most recent focus, however, has been the ever-growing cannabis industry. In the wake of last year’s election that made medical and/or recreational marijuana use legal in eight more states, bringing the total number of states that allow the substance to 28, Singlepoint reactivated its SingleSeed Payments subsidiary – a merchant payment processing company aiming to serve legal marijuana businesses. The company also announced plans to expand its reach on the market through new acquisitions.
“We put up an LOI a couple of weeks ago, and you’re going to hear about that soon,” Lambrecht said during the interview. “We also have two other LOIs out there so we are really focusing on acquisitions, and Singlepoint is going to be presenting some very big and very good news on those acquisitions in the near future.”
The Singlepoint CEO did not go into more detail about what acquisitions his company is planning, but he did speak more extensively about the main criteria for these acquisitions. “One of the main criteria right now is that they are in the cannabis business and particularly that they’re in the cannabis business but they don’t actually touch the cannabis – just like us, a merchant processor in the dispensaries,” he explained. One of the companies that meets this criterion and that Singlepoint is already targeting for acquisition is Convectium, which manufactures a unique and innovative oil filling machine able to fill cartridges and disposable vape pens for dispensaries or wholesale distribution. Besides Convectium, Singlepoint is also discussing acquisition with a company that is on the software side of the cannabis industry, Lambrecht said.
In addition to this criterion, another major factor that can decide an acquisition is, naturally, the target company’s financials. “The other companies that we’re looking at have really strong EBITDA and strong revenue numbers,” the Singlepoint CEO said.
Lambrecht also discussed his company’s joint ventures, including venture plans with a couple of mobile pay companies that are expected to be revealed soon and could bring considerable revenue to Singlepoint. The company’s massive success on the market in terms of stock price and volume has also drawn the interest of institutional investors. “We’re getting a lot of attention from Wall Street and other that, even though we’re a Pink and right now we’re offering rule 144, that doesn’t seem to bother them. With our volume and stock price, we have a lot of interested parties that want to invest in Singlepoint and I get why: they know that through the next year, with our acquisitions and joint ventures that we have planned, hopefully the stock in 12 months (…) is going to be the same volume and certainly higher price,” Lambrecht explained.
Furthermore, he said that all the money raised from these investments is going directly toward acquiring companies. “That’s where it should go and that’s where it’s going and this is just going to make the company stronger and have a higher market cap.”
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
Annual Market Review Reveals OTC Markets Have Come of Age
After a century of service providing quotes on stocks and bonds to investors around the world, the OTC markets have come of age, and the recently published Annual Markets Review (http://nnw.fm/kIE5n) from OTC Markets Group, Inc. (OTCQX: OTCM) reveals that maturity. The company’s over-the-counter (OTC) platforms now host some 9,620 U.S. and global securities that generate an annual trading dollar volume of around $193 billion. Its OTCQX Best Market and OTCQB Venture Market provide price and liquidity information on some of the world’s best companies, and over 100 broker-dealers play an active part as market-makers. For companies, both big and small, being quoted on the OTC markets makes being public decidedly less painful.
The current tiered market structure makes it easier for companies to demonstrate their financial and corporate governance standards and to provide current information, avoiding the trading hurdles due to the opacity associated with the old pink sheets. The almost 10,000 securities included in the OTC Markets quotation system are organized into three markets, OTCQX, OTCQB, and Pink, to better inform investors.
The OTCQX Best Market is the premier quotation platform. To be quoted on the OTCQX market, a company must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Penny stocks, shell companies and companies in bankruptcy cannot qualify for OTCQX. The companies whose securities appear on the OTCQX are distinguished by the integrity of their operations and the diligence with which they convey their qualifications. The OTCQX Best Market, which welcomed some 50 new companies in 2016, offers transparent and efficient trading… without the cost and complexity of a U.S. exchange listing.
The OTCQB Venture Market is meant for early-stage and developing U.S. and international companies that are not yet able to qualify for OTCQX. To be eligible, a company must be current in its reporting and undergo an annual verification and management certification process. It must, also, meet a $0.01 bid test and may not be in bankruptcy. In 2016, 230 new companies joined the platform.
The Pink Open Market approximates most closely to the traditional pink sheets, although a particular market tier classification is not an indication of either the value of the security or an endorsement (or not) of the issuer. Market tiers are based only on the quality and timeliness of the information provided. OTCQB Venture Market and Pink Open Market quotes may be of securities for companies of high quality, as well as of those for speculative, distressed, or questionable companies.
Since May 16, 2013, the U.S. Securities and Exchange Commission (SEC) has considered the OTCQB and OTCQX marketplaces to be public marketplaces for purposes of establishing a public market price when registering securities for resale in equity line financings.
During 2016, the OTC Markets Group platforms passed some memorable milestones. Some 280 new companies made their debut on the OTCQX and OTCQB markets. In particular, the OTCQX shone under the spotlight: the OTCQX Best 50 companies (http://nnw.fm/ckU9u) delivered an average total return of 130 percent compared to the S&P 500, which went up by 9.5 percent in 2016.
Twenty U.S. states now recognize the OTC markets for the purposes of their Blue Sky Manual Exemptions. Blue Sky laws are U.S. state securities laws designed to protect the public from securities fraud. The aim is to achieve Blue Sky recognition from all 50 states. In addition, seven share transfer agents participate in a new program that makes current verified information available to the public.
Client companies are voicing their approval of the measures to improve the OTC markets. As global information services giant Experian plc explained:
“…OTCQX offered a liquid trading platform for our ADRs, enabling US investors to invest directly in Experian stock via a US traded instrument, but it did not require us to list on a US exchange or register with the SEC. As a result, we continue to comply with the regulation and governance requirements of our primary London listing and are not subject to onerous duplicate regulation and governance requirements by virtue of our ADRs being traded in the US.”
It looks like the OTC Markets have definitely come of age by making being public much less painful.
For more information, please visit www.OTCMarkets.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 current tiered market structure makes it easier for companies to demonstrate their financial and corporate governance standards and to provide current information, avoiding the trading hurdles due to the opacity associated with the old pink sheets. The almost 10,000 securities included in the OTC Markets quotation system are organized into three markets, OTCQX, OTCQB, and Pink, to better inform investors.
The OTCQX Best Market is the premier quotation platform. To be quoted on the OTCQX market, a company must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Penny stocks, shell companies and companies in bankruptcy cannot qualify for OTCQX. The companies whose securities appear on the OTCQX are distinguished by the integrity of their operations and the diligence with which they convey their qualifications. The OTCQX Best Market, which welcomed some 50 new companies in 2016, offers transparent and efficient trading… without the cost and complexity of a U.S. exchange listing.
The OTCQB Venture Market is meant for early-stage and developing U.S. and international companies that are not yet able to qualify for OTCQX. To be eligible, a company must be current in its reporting and undergo an annual verification and management certification process. It must, also, meet a $0.01 bid test and may not be in bankruptcy. In 2016, 230 new companies joined the platform.
The Pink Open Market approximates most closely to the traditional pink sheets, although a particular market tier classification is not an indication of either the value of the security or an endorsement (or not) of the issuer. Market tiers are based only on the quality and timeliness of the information provided. OTCQB Venture Market and Pink Open Market quotes may be of securities for companies of high quality, as well as of those for speculative, distressed, or questionable companies.
Since May 16, 2013, the U.S. Securities and Exchange Commission (SEC) has considered the OTCQB and OTCQX marketplaces to be public marketplaces for purposes of establishing a public market price when registering securities for resale in equity line financings.
During 2016, the OTC Markets Group platforms passed some memorable milestones. Some 280 new companies made their debut on the OTCQX and OTCQB markets. In particular, the OTCQX shone under the spotlight: the OTCQX Best 50 companies (http://nnw.fm/ckU9u) delivered an average total return of 130 percent compared to the S&P 500, which went up by 9.5 percent in 2016.
Twenty U.S. states now recognize the OTC markets for the purposes of their Blue Sky Manual Exemptions. Blue Sky laws are U.S. state securities laws designed to protect the public from securities fraud. The aim is to achieve Blue Sky recognition from all 50 states. In addition, seven share transfer agents participate in a new program that makes current verified information available to the public.
Client companies are voicing their approval of the measures to improve the OTC markets. As global information services giant Experian plc explained:
“…OTCQX offered a liquid trading platform for our ADRs, enabling US investors to invest directly in Experian stock via a US traded instrument, but it did not require us to list on a US exchange or register with the SEC. As a result, we continue to comply with the regulation and governance requirements of our primary London listing and are not subject to onerous duplicate regulation and governance requirements by virtue of our ADRs being traded in the US.”
It looks like the OTC Markets have definitely come of age by making being public much less painful.
For more information, please visit www.OTCMarkets.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. (NASDAQ: NETE) Offering Businesses State of the Art Payment Solutions
We live in a technologically advanced world where consumers are able to purchase virtually anything, at any time, using online as well as offline stores and services. From finding an item to buying it and getting it delivered straight to their doorstep, purchasing is increasingly done with just the click of a few buttons. The average 21st-century shopper expects to be able to pay for his or her products quickly and easily, whether online or offline.
According to a report by Grand View Research on the point-of-sale market (http://nnw.fm/N6Yea), the global point-of-sale terminals market is expected to reach over $113 billion by the end of 2024. This has been largely put down to the introduction of higher security measures, which has minimized user concerns, along with the evolution of wireless internet, Bluetooth devices, card readers, mobile printers, and many other technologies.
With generations Y and Z showing an increased understanding of technology, users are not only seeking new ways to make their payment process easier, but also quicker. As a result, tech and payment solution companies are creating systems whereby consumers can pay via mobile, contactless, and various other innovative mediums.
Omnichannel payment processing businesses are on the rise, offering customers payment options across a range of sales channels and devices. Net Element, Inc. (NASDAQ: NETE), a technology-driven company specializing in mobile payments and value-added transactional services, offers these options by using powerful tools that take into account the latest in technological innovation and security.
Most recently, the company announced that it will be presenting its new point-of-sale program during its 2017 launch, starting with the annual Northeast Acquirers Association conference (NEAA). The presentation is said to include topics relating to NETE’s point-of-sale solutions, including associated mobile solutions; its Poynt, Unified mPOS, Aptito, and gift card programs; its partnering opportunities; and its try-before-you-buy program.
Net Element, Inc. covers a wide range of omnichannel payment solutions in the United States and Central and Southwestern Asia, and it has established a variety of partnerships across the world, including those with Amex and MasterCard. The company now allows businesses on an international level to accept payments over the phone, on mobile, online, and through point-of-sale terminals.
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
According to a report by Grand View Research on the point-of-sale market (http://nnw.fm/N6Yea), the global point-of-sale terminals market is expected to reach over $113 billion by the end of 2024. This has been largely put down to the introduction of higher security measures, which has minimized user concerns, along with the evolution of wireless internet, Bluetooth devices, card readers, mobile printers, and many other technologies.
With generations Y and Z showing an increased understanding of technology, users are not only seeking new ways to make their payment process easier, but also quicker. As a result, tech and payment solution companies are creating systems whereby consumers can pay via mobile, contactless, and various other innovative mediums.
Omnichannel payment processing businesses are on the rise, offering customers payment options across a range of sales channels and devices. Net Element, Inc. (NASDAQ: NETE), a technology-driven company specializing in mobile payments and value-added transactional services, offers these options by using powerful tools that take into account the latest in technological innovation and security.
Most recently, the company announced that it will be presenting its new point-of-sale program during its 2017 launch, starting with the annual Northeast Acquirers Association conference (NEAA). The presentation is said to include topics relating to NETE’s point-of-sale solutions, including associated mobile solutions; its Poynt, Unified mPOS, Aptito, and gift card programs; its partnering opportunities; and its try-before-you-buy program.
Net Element, Inc. covers a wide range of omnichannel payment solutions in the United States and Central and Southwestern Asia, and it has established a variety of partnerships across the world, including those with Amex and MasterCard. The company now allows businesses on an international level to accept payments over the phone, on mobile, online, and through point-of-sale terminals.
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
Friday, February 17, 2017
IntelliPharmaCeutics International, Inc. (NASDAQ: IPCI) Abuse Deterrent Technology featured at Healthcare Conference
The ‘2017 Disruptive Growth & Healthcare Conference’, which ran February 15-16 at the Convene at 730 Third Avenue Conference Center in midtown Manhattan, New York, featured some stellar participants, either as presenters or as sponsors. Along with over 60 other firms in a variety of fields related to biotech, IntelliPharmaCeutics International, Inc. (NASDAQ: IPCI) (TSX: I) was on the bill. The Toronto, Ontario-based company was scheduled to introduce its drug delivery technologies and exhibit its leading pipeline candidates.
The ‘2017 Disruptive Growth & Healthcare Conference’ hosted by RHK Capital, which formerly operated as Source Capital Group, was sponsored by leading investor relations and financial services firms, including NetworkNewsWire, a Platinum Sponsor.
With its drug delivery technologies built on the Hypermatrix™ platform, IPCI is targeting billion dollar markets. The company’s extended release (ER) (XR) formulations provide mechanisms to slowly dissolve and release constant amounts of a medication over time. Instead, of a patient having to take a pill three times a day, with the risk of losing count or forgetting, one daily dose will improve efficacy. Closer compliance with prescription rules results in better therapy.
ER formulations, widespread for leading indications, are expanding to new drugs. Medications that benefit from the IPCI technology include Oxycodone XR, Dexmethylphenidate ER, Venlafaxine ER, Desvenlafaxine ER, Levetiracetam ER, Lamotrigine ER and Pregabalin. Together, these pharmaceuticals present a market opportunity that exceeds $9 billion.
But a bigger prize is the market for abuse deterrent formulations (ADF), which attempt to fight prescription drug abuse by increasing the difficulty of inappropriate use of opioid medications. In the U.S., opioid abuse is on the rise. Data published by the American Society of Addiction Medicine reveals that in 2015 there were 21,101 deaths caused by opioid overdose. Opioids include licit substances such as codeine, fentanyl, hydrocodone and oxycodone, and illicit ones such as heroin and opium. This is a market estimated to be about $60 billion.
Apart from having its eye on these two lucrative opportunities, IPCI has a growing pipeline of new candidates that may lead to New Drug Application (NDA) and Abbreviated New Drug Application (ANDA) filings. An NDA is filed when a sponsor believes there is enough evidence on a new drug’s safety and effectiveness to support FDA approval to bring it to market. An ANDA is required for generic drugs that are bioequivalent to a drug already being marketed.
IPCI has two novel NDA candidates, Rexista® and Regabatin XR™. Earlier this month, the company announced it had filed a New Drug Application (NDA) seeking authorization to market its Rexista™ abuse-deterrent oxycodone hydrochloride extended release tablets in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg strengths.
The FDA has determined that the company’s application is sufficiently complete to permit a substantive review, and has set a target action date under the Prescription Drug User Fee Act (PDUFA) of September 25, 2017. IPCI was able to demonstrate that Rexista™ is bioequivalent to OxyContin® (oxycodone hydrochloride extended release). With this upcoming milestone, IPCI will be setting another marker on its journey to success.
Founded in 1998 by the husband and wife team of Dr. Isa Odidi and Dr. Amina Odidi, IPCI has come a long way. The company now specializes in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs. Its patented Hypermatrix™ technology is a multidimensional controlled-release drug delivery platform that can be applied to the efficient development of a wide range of existing and new pharmaceuticals.
Based on this technology platform, Intellipharmaceutics has developed several drug delivery systems and a pipeline of products in therapeutic areas that include neurology, cardiovascular, gastrointestinal tract, diabetes and pain.
For more information, visit www.Intellipharmaceutics.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 ‘2017 Disruptive Growth & Healthcare Conference’ hosted by RHK Capital, which formerly operated as Source Capital Group, was sponsored by leading investor relations and financial services firms, including NetworkNewsWire, a Platinum Sponsor.
With its drug delivery technologies built on the Hypermatrix™ platform, IPCI is targeting billion dollar markets. The company’s extended release (ER) (XR) formulations provide mechanisms to slowly dissolve and release constant amounts of a medication over time. Instead, of a patient having to take a pill three times a day, with the risk of losing count or forgetting, one daily dose will improve efficacy. Closer compliance with prescription rules results in better therapy.
ER formulations, widespread for leading indications, are expanding to new drugs. Medications that benefit from the IPCI technology include Oxycodone XR, Dexmethylphenidate ER, Venlafaxine ER, Desvenlafaxine ER, Levetiracetam ER, Lamotrigine ER and Pregabalin. Together, these pharmaceuticals present a market opportunity that exceeds $9 billion.
But a bigger prize is the market for abuse deterrent formulations (ADF), which attempt to fight prescription drug abuse by increasing the difficulty of inappropriate use of opioid medications. In the U.S., opioid abuse is on the rise. Data published by the American Society of Addiction Medicine reveals that in 2015 there were 21,101 deaths caused by opioid overdose. Opioids include licit substances such as codeine, fentanyl, hydrocodone and oxycodone, and illicit ones such as heroin and opium. This is a market estimated to be about $60 billion.
Apart from having its eye on these two lucrative opportunities, IPCI has a growing pipeline of new candidates that may lead to New Drug Application (NDA) and Abbreviated New Drug Application (ANDA) filings. An NDA is filed when a sponsor believes there is enough evidence on a new drug’s safety and effectiveness to support FDA approval to bring it to market. An ANDA is required for generic drugs that are bioequivalent to a drug already being marketed.
IPCI has two novel NDA candidates, Rexista® and Regabatin XR™. Earlier this month, the company announced it had filed a New Drug Application (NDA) seeking authorization to market its Rexista™ abuse-deterrent oxycodone hydrochloride extended release tablets in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg strengths.
The FDA has determined that the company’s application is sufficiently complete to permit a substantive review, and has set a target action date under the Prescription Drug User Fee Act (PDUFA) of September 25, 2017. IPCI was able to demonstrate that Rexista™ is bioequivalent to OxyContin® (oxycodone hydrochloride extended release). With this upcoming milestone, IPCI will be setting another marker on its journey to success.
Founded in 1998 by the husband and wife team of Dr. Isa Odidi and Dr. Amina Odidi, IPCI has come a long way. The company now specializes in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs. Its patented Hypermatrix™ technology is a multidimensional controlled-release drug delivery platform that can be applied to the efficient development of a wide range of existing and new pharmaceuticals.
Based on this technology platform, Intellipharmaceutics has developed several drug delivery systems and a pipeline of products in therapeutic areas that include neurology, cardiovascular, gastrointestinal tract, diabetes and pain.
For more information, visit www.Intellipharmaceutics.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 Diversification of Auxilio, Inc. (AUXO)
Auxilio, Inc. (NYST MKT: AUXO) is one of a select number of businesses headquartered in Mission Viejo, a mainly residential city in Orange County, California, and a closer look at this small yet booming business shows that it is unique not only for where its offices are based, but also for its value proposition.
Auxilio offers managed print services exclusively to the U.S. health care industry. A leader in this sector due to its innovative and customer-driven approach, Auxilio takes full responsibility for its health care clients’ on-site print environment through situation assessment, process analysis, strategy development and program implementation. The company also works closely with hospitals and hospital systems to deliver quality patient care and accomplishes this objective by providing a customized, scalable document solutions strategy that analyzes, remediates and manages document and print workflows from start to finish.
A vendor-independent company, Auxilio provides intelligent solutions, a risk-free program and guaranteed savings. It assumes all costs related to the print business environment by customizing, streamlining and seamlessly integrating its services at predictable fixed rates that are unmatched in the industry. As a result, its print management programs drive out costs, increase employee productivity and exceed patient care standards, and the hospitals and health systems that work with the company benefit from its streamlined and aligned processes and infrastructure.
For over 10 years, more than 200 of the leading hospitals and health systems in the U.S. have turned to Auxilio to resolve their broken document and digital workflow processes, and its document solutions have helped them reduce waste, safeguard protected health information (PHI) and improve operational efficiency while driving incredible cost savings. The company consistently delivers for its clients by leveraging its three core services lines: Managed Print Services, Document Consulting and iPLATFORM, an intelligent workflow automation suite.
According to the Orange County Business Journal’s 2016 Special Report (http://nnw.fm/7Ryff), from 2014 to 2016, Auxilio clocked more than 40% in growth, making it one of the fastest-growing public companies in the Orange County area. During this time, the company grew its existing business by continuously delivering excellent customer service, and it diversified into cyber security by acquiring two information technology security firms. The resulting demand for Auxilio’s cyber security services and rapid adoption of its Managed Print Services program by many large health care institutions contributed significantly to its recent swift growth.
For more information, visit www.AuxilioInc.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
Auxilio offers managed print services exclusively to the U.S. health care industry. A leader in this sector due to its innovative and customer-driven approach, Auxilio takes full responsibility for its health care clients’ on-site print environment through situation assessment, process analysis, strategy development and program implementation. The company also works closely with hospitals and hospital systems to deliver quality patient care and accomplishes this objective by providing a customized, scalable document solutions strategy that analyzes, remediates and manages document and print workflows from start to finish.
A vendor-independent company, Auxilio provides intelligent solutions, a risk-free program and guaranteed savings. It assumes all costs related to the print business environment by customizing, streamlining and seamlessly integrating its services at predictable fixed rates that are unmatched in the industry. As a result, its print management programs drive out costs, increase employee productivity and exceed patient care standards, and the hospitals and health systems that work with the company benefit from its streamlined and aligned processes and infrastructure.
For over 10 years, more than 200 of the leading hospitals and health systems in the U.S. have turned to Auxilio to resolve their broken document and digital workflow processes, and its document solutions have helped them reduce waste, safeguard protected health information (PHI) and improve operational efficiency while driving incredible cost savings. The company consistently delivers for its clients by leveraging its three core services lines: Managed Print Services, Document Consulting and iPLATFORM, an intelligent workflow automation suite.
According to the Orange County Business Journal’s 2016 Special Report (http://nnw.fm/7Ryff), from 2014 to 2016, Auxilio clocked more than 40% in growth, making it one of the fastest-growing public companies in the Orange County area. During this time, the company grew its existing business by continuously delivering excellent customer service, and it diversified into cyber security by acquiring two information technology security firms. The resulting demand for Auxilio’s cyber security services and rapid adoption of its Managed Print Services program by many large health care institutions contributed significantly to its recent swift growth.
For more information, visit www.AuxilioInc.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
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