One of the few industries that not only survived the recession but continued growing at a steady pace, the pet care market is expected to keep up the same trend as it expands and diversifies into a wider, more high-end range of products and services. The industry has been growing year-on-year over the past two decades, to an estimated $62.74 billion in 2016, according to American Pet Products Association statistics (http://nnw.fm/ny07H), and market experts predict this trend is very likely to extend into the future, mostly as a direct result of a growing culture of pet anthropomorphism and a tendency to pamper pets with only the highest-quality products and services, from food and toys to medical care and grooming.
As more pet owners are beginning to humanize their furry friends and treat them as members of the family, sometimes even spending considerably more money on their food and general care products, businesses in the market are starting to take notice. The range of high-end products available in the niche is therefore wider than ever, with an emphasis on top quality ingredients and materials. In this landscape, innovative pet businesses such as Ohio-based OurPet’s Company (OTCQX: OPCO) can only thrive through its commitment to offering only the best and highest quality products.
Pet food businesses were the first to join the high-end pet care market train, but there is also a growing demand for super premium products and services, including luxurious pet spas and hotels targeting affluent pet owners, pet portrait photography, and pet behavior consulting – which indicates a growing concern among pet owners to actually understand their pets and learn how to correctly interpret their behavior and reactions.
OurPet’s Company is tapping into a market segment that has much room for further development – that of pet supplies and OTC medicine, which was estimated at $14.98 billion in 2016. For comparison, the pet food market segment raked in an estimated $24.01 billion last year. The company is targeting the high-end pet care market via an impressive range of feeding accessories, toys, waste management products and high-tech items that are designed to help owners develop a closer bond to their pets by closely monitoring their health and behavior, even from a distance. Its unique line of proprietary products, distributed both nationwide and overseas, confirms the company’s commitment to developing one-of-a-kind, premium solutions that are unparalleled on the market.
Via an impressive product roster that ranges from highly innovative toys to smart waste management solutions such as the OurPets® Switchgrass Natural Cat Litter™ (http://nnw.fm/yK3A9) – a high-quality, all natural and fully biodegradable litter, the company’s place on the high-end pet care market seems nothing short of set in stone. In addition, OurPet’s is one of the few companies in the industry that is focusing on incorporating smart technology into the lives of pets and their owners, via the OurPets® Intelligent Pet Care™ product line (http://nnw.fm/gb2PK). Consisting of several intelligent pet health monitoring products using Bluetooth® technology, the Intelligent Pet Care™ line is designed to allow owners to constantly monitor their pets’ behavior through a smartphone app. The product line includes smart feeding and watering solutions, an intelligent, self-cleaning litter box and related Bluetooth® and Wi-Fi accessories.
For more information, visit the company’s website at www.OurPets.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, visit https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Thursday, January 5, 2017
Wednesday, January 4, 2017
Singlepoint, Inc. (SING) Singles Out Three More Reasons for Marijuana Mills to have Bank Accounts
Although eight states and the District of Columbia will now allow adult recreational use of marijuana and another 20 states will permit marijuana to be used for medical purposes, the industry is still being stymied in its efforts to access banking services. Since cannabis remains a Schedule I substance under the Controlled Substances Act of 1970, a classification that also applies to heroin, LSD and ecstasy, financial institutions fear that dealing with marijuana establishments will expose them to highly punitive measures. Facilitating monetary transactions in marijuana, if determined to be money laundering, could be fined at twice the amount laundered and accompanied by a 20-year prison sentence.
In light of this unsatisfactory state of affairs, Singlepoint, Inc. (OTC: SING) welcomed the recent request (http://nnw.fm/qBH4k) to the Financial Crimes Enforcement Network (FINCEN), by 10 senators, for further guidance ‘to financial institutions on their ability to provide services, specifically to indirect businesses that do nothing more than provide services to the state-sanctioned marijuana industry’. The letter set out three reasons why it makes sense for marijuana shops to have bank accounts: it makes the collection of state and federal taxes easier; it makes it more difficult for criminal elements to be involved in the industry, and less cash means less likelihood of armed robberies.
The senators’ letter contained a litany of woes assailing the industry, pointing out that the guidance issued by FINCEN in 2014 applied only to ‘state-legalized marijuana businesses and the financial services industry’. It did not address the plight of ‘the indirect businesses that service the marijuana industry, leaving it up to individual financial institutions to determine how to classify and treat indirect businesses’. As a result, ‘less than 3% of the nation’s 11,954 federally regulated banks and credit unions have chosen to serve the cannabis industry’.
As far as tax revenues are concerned, there’s a lot at stake. Before Colorado legalized the adult use of marijuana, state authorities projected tax revenues of $70 million per year. Actual revenues have far exceeded that. In 2015, $113 million in retail marijuana tax revenues were collected on sales of $568 million. Marijuana tax revenues were, actually, twice those of alcohol taxes in 2015. In 2016, they may end up being four times as much.
The story is much the same in Washington State. Statewide sales of marijuana for adult and medicinal use were running at a rate of $2 million daily, or about $730 million per annum, in April 2016. If that rate has kept up, tax revenues from marijuana will be in the vicinity of $270 million for 2016.
The legal market for marijuana is now estimated at about $7 billion, while the black market is thought to be around $50 billion. Tax rates vary from state to state, but even a modest 20% rate on such a huge market will provide a substantial boost to state budgets.
Through its SingleSeed subsidiary, Singlepoint, Inc. is prepared to offer payment solutions for the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing.
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
In light of this unsatisfactory state of affairs, Singlepoint, Inc. (OTC: SING) welcomed the recent request (http://nnw.fm/qBH4k) to the Financial Crimes Enforcement Network (FINCEN), by 10 senators, for further guidance ‘to financial institutions on their ability to provide services, specifically to indirect businesses that do nothing more than provide services to the state-sanctioned marijuana industry’. The letter set out three reasons why it makes sense for marijuana shops to have bank accounts: it makes the collection of state and federal taxes easier; it makes it more difficult for criminal elements to be involved in the industry, and less cash means less likelihood of armed robberies.
The senators’ letter contained a litany of woes assailing the industry, pointing out that the guidance issued by FINCEN in 2014 applied only to ‘state-legalized marijuana businesses and the financial services industry’. It did not address the plight of ‘the indirect businesses that service the marijuana industry, leaving it up to individual financial institutions to determine how to classify and treat indirect businesses’. As a result, ‘less than 3% of the nation’s 11,954 federally regulated banks and credit unions have chosen to serve the cannabis industry’.
As far as tax revenues are concerned, there’s a lot at stake. Before Colorado legalized the adult use of marijuana, state authorities projected tax revenues of $70 million per year. Actual revenues have far exceeded that. In 2015, $113 million in retail marijuana tax revenues were collected on sales of $568 million. Marijuana tax revenues were, actually, twice those of alcohol taxes in 2015. In 2016, they may end up being four times as much.
The story is much the same in Washington State. Statewide sales of marijuana for adult and medicinal use were running at a rate of $2 million daily, or about $730 million per annum, in April 2016. If that rate has kept up, tax revenues from marijuana will be in the vicinity of $270 million for 2016.
The legal market for marijuana is now estimated at about $7 billion, while the black market is thought to be around $50 billion. Tax rates vary from state to state, but even a modest 20% rate on such a huge market will provide a substantial boost to state budgets.
Through its SingleSeed subsidiary, Singlepoint, Inc. is prepared to offer payment solutions for the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing.
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
AppNexus IPO might indicate a bright outlook for the Ad Tech space in 2017
With the Wall Street Journal (http://nnw.fm/ePe6i) reporting that AppNexus filed its IPO paperwork, in a deal that is likely to be underwritten by Goldman Sachs (NYSE: GS) and JP Morgan Chase (NYSE: JPM), it’s time to review the ad tech landscape. After all, the deal is projected to be twice as large as the most recent ad tech IPO, The Trade Desk (NASDAQ: TTD), which commanded a premium of nearly 80% above its IPO price target and a $1 billion opening trading day valuation.
Despite the sagging economy, internet and mobile advertising has been growing by approximately 20% per year. Yet, despite the growth rate, the past two years have been tough for the industry, and venture funding for ad tech startups became harder to secure. As a result, any positive momentum is very welcome and may even explain the analysts’ enthusiasm for the players in the ad tech space, like The Trade Desk, which is rated a ‘Buy’, or stronger, with an average price target of $33.43 and a call as high as $40.00. Similarly, Social Reality (NASDAQ: SRAX), which uplisted to the NASDAQ Capital Market in October 2016, has its analysts calling it a ‘Buy’, on an EPS of 27 cents in 2017, with an average price target of $10.75 and the high target of $14.00.
With public sentiment experiencing one of the largest upswings in history on the heels of the Trump victory, many businesses can begin to take an expansionary stance toward the future, and marketing should be one of the big beneficiaries should that trend come to fruition.
The ad tech industry, at one point, was somewhat of an afterthought, but since it became a crucial piece of the monetization model for the web and mobile, the large marketing tech and vendor sites have been constantly looking for the next ad tech acquisition. Ad tech not only empowers the buying and selling of digital ad space on ad networks and exchanges, but it also includes analytics, data management platforms and other digital tools, which allow organizations to more effectively employ marketing campaigns that target specific audiences.
Social Reality is a leading provider of automated digital platform technology and social management software for Internet and mobile advertising. Management has consistently grown revenues, from about $500,000 in 2010 to over $30 million in 2015, representing an average annual growth rate (AAGR) of 170%, while typically running blended gross margins in the 45-55% range.
The Trade Desk is similar to Social Reality in that its technology is designed to empower ad buyers by providing a self-service platform that enables its clients to manage data-driven digital advertising campaigns.
The same economic dynamics that should benefit the ad tech sector go a long way in explaining why the financials have become the S&P 500’s best-performing sector since the election. Underwriters, like Goldman Sachs and JP Morgan Chase, should see a noticeable increase in IPOs and merger and acquisition activity.
The year of 2016 finished with 105 completed IPOs, according to Renaissance Capital (http://nnw.fm/25cI0), which was more than 2008 and 2009, but only 1/3-1/2 of the typical recent years’ volume.
J.P. Morgan and Goldman Sachs led an underwriting group for the trivago NV, the travel web search booking website, IPO on December 15.
For more information, please visit www.socialreality.com www.srax.com www.sraxmd.com www.sraxdi.com www.groupad.com www.steelmediainc.com www.sraxsocial.com
About Stock Communications Group (SCG)
Stock Communications Group (SCG) specializes in providing superior capital market communications. Our team of experienced tactical specialists can benefit public and private companies with proven financial strategies and solutions. Our investor relations and public relations services ensure that your company effectively communicates with investors, shareholders, regulators, and the financial community; to ensure that your company’s message properly promotes your company’s image, protects your brand, and maximizes your valuation.
SCG specializes in creating objective, credible, and timely communications that’s convenient and easy to understand. From conference call and annual meeting webcasts to creating special investor relations websites, we do it all. We even handle direct response duties to inquiries from individual investors, corporate profiles and other supporting publications, news releases and subscriber services. Our success stories span all industry sectors and are at the ready to deploy our unique resources to make your efforts truly successful.
SCG Disclosure: Stock Communications Group has been actively profiling public companies since 1999 bringing our readers timely and valuable market information first. Nothing in our reports or on our site should constitute a recommendation to buy or sell any stock. We will not be buying, selling or trading in any of the above listed stocks during the publication of this report. SCG has been compensated by MarketStreet for this article. Investors should conduct their own due diligence and consult with a stock broker or investment advisor before making any investment decision. Some of our statements are our opinion and should be taken as such, and this release contains Forward Looking statements as well.
Read our full disclosure at http://StockComm.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 sagging economy, internet and mobile advertising has been growing by approximately 20% per year. Yet, despite the growth rate, the past two years have been tough for the industry, and venture funding for ad tech startups became harder to secure. As a result, any positive momentum is very welcome and may even explain the analysts’ enthusiasm for the players in the ad tech space, like The Trade Desk, which is rated a ‘Buy’, or stronger, with an average price target of $33.43 and a call as high as $40.00. Similarly, Social Reality (NASDAQ: SRAX), which uplisted to the NASDAQ Capital Market in October 2016, has its analysts calling it a ‘Buy’, on an EPS of 27 cents in 2017, with an average price target of $10.75 and the high target of $14.00.
With public sentiment experiencing one of the largest upswings in history on the heels of the Trump victory, many businesses can begin to take an expansionary stance toward the future, and marketing should be one of the big beneficiaries should that trend come to fruition.
The ad tech industry, at one point, was somewhat of an afterthought, but since it became a crucial piece of the monetization model for the web and mobile, the large marketing tech and vendor sites have been constantly looking for the next ad tech acquisition. Ad tech not only empowers the buying and selling of digital ad space on ad networks and exchanges, but it also includes analytics, data management platforms and other digital tools, which allow organizations to more effectively employ marketing campaigns that target specific audiences.
Social Reality is a leading provider of automated digital platform technology and social management software for Internet and mobile advertising. Management has consistently grown revenues, from about $500,000 in 2010 to over $30 million in 2015, representing an average annual growth rate (AAGR) of 170%, while typically running blended gross margins in the 45-55% range.
The Trade Desk is similar to Social Reality in that its technology is designed to empower ad buyers by providing a self-service platform that enables its clients to manage data-driven digital advertising campaigns.
The same economic dynamics that should benefit the ad tech sector go a long way in explaining why the financials have become the S&P 500’s best-performing sector since the election. Underwriters, like Goldman Sachs and JP Morgan Chase, should see a noticeable increase in IPOs and merger and acquisition activity.
The year of 2016 finished with 105 completed IPOs, according to Renaissance Capital (http://nnw.fm/25cI0), which was more than 2008 and 2009, but only 1/3-1/2 of the typical recent years’ volume.
J.P. Morgan and Goldman Sachs led an underwriting group for the trivago NV, the travel web search booking website, IPO on December 15.
For more information, please visit www.socialreality.com www.srax.com www.sraxmd.com www.sraxdi.com www.groupad.com www.steelmediainc.com www.sraxsocial.com
About Stock Communications Group (SCG)
Stock Communications Group (SCG) specializes in providing superior capital market communications. Our team of experienced tactical specialists can benefit public and private companies with proven financial strategies and solutions. Our investor relations and public relations services ensure that your company effectively communicates with investors, shareholders, regulators, and the financial community; to ensure that your company’s message properly promotes your company’s image, protects your brand, and maximizes your valuation.
SCG specializes in creating objective, credible, and timely communications that’s convenient and easy to understand. From conference call and annual meeting webcasts to creating special investor relations websites, we do it all. We even handle direct response duties to inquiries from individual investors, corporate profiles and other supporting publications, news releases and subscriber services. Our success stories span all industry sectors and are at the ready to deploy our unique resources to make your efforts truly successful.
SCG Disclosure: Stock Communications Group has been actively profiling public companies since 1999 bringing our readers timely and valuable market information first. Nothing in our reports or on our site should constitute a recommendation to buy or sell any stock. We will not be buying, selling or trading in any of the above listed stocks during the publication of this report. SCG has been compensated by MarketStreet for this article. Investors should conduct their own due diligence and consult with a stock broker or investment advisor before making any investment decision. Some of our statements are our opinion and should be taken as such, and this release contains Forward Looking statements as well.
Read our full disclosure at http://StockComm.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
CytoDyn Inc. (CYDY) Set to Host Conference Call on January 5, 2017
In a news release issued late Tuesday, CytoDyn Inc. (OTCQB: CYDY), a biotechnology company focused on the development of new antibody therapies for combatting human immunodeficiency virus (HIV) infection, announced that its management team will be hosting an investment community conference call on Thursday, January 5, 2017, at 4:00 pm EST.
The call is expected to feature an update on developments related to CytoDyn’s clinical and regulatory programs. The company will also be posting to its website (www.CytoDyn.com) a “Letter to Shareholders and Friends” from Nader Pourhassan Ph.D., president and CEO of CytoDyn. This letter, which will also be made available tomorrow, is expected to include a review of the company’s recent progress as well as insight into CytoDyn’s goals and milestones for the coming year.
To participate in tomorrow’s conference call, investors should dial 877-407-2986 (U.S./Canada) or 201-378-4916 (international). Alternatively, a live audio webcast may also be accessed under the Investors section/IR Calendar of CytoDyn’s corporate website. The company encourages web participants to visit its website at least 15 minutes prior to the start of the call in order to register and install any necessary software.
For those unable to attend the live call, the audio webcast will be archived for 60 days on CytoDyn’s corporate website. A replay of the conference call will also be made available until March 5, 2017. To access this replay, interested parties may dial 877-660-6853 (U.S./Canada) or 201-612-7415 (international); Conference ID: 13652328.
Tomorrow’s conference call comes less than a month after CytoDyn announced the treatment of the first several patients in its ongoing Phase 3 clinical trial of PRO 140 as a single-agent maintenance therapy in virally suppressed subjects with HIV. The new trial, which Pourhassan called “nearly a duplicate of [CytoDyn’s] Phase 2b monotherapy trial with an additional objective of investigating why some R5 patients did not respond to this therapy as well as others,” is likely to “provide essential data to support the continued clinical and regulatory advancement of PRO 140.”
Notably, data from this Phase 3 trial is expected to be submitted as part of CytoDyn’s upcoming Biologics License Application (BLA) for PRO 140 as a combination therapy with the current standard-of-care, highly active antiretroviral therapy (HAART). In addition to providing potential cost savings, this dual use of clinical data will facilitate “the fastest path to regulatory approval which is an expected submission of the rolling BLA in 2017,” according to Pourhassan.
For more information, 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
The call is expected to feature an update on developments related to CytoDyn’s clinical and regulatory programs. The company will also be posting to its website (www.CytoDyn.com) a “Letter to Shareholders and Friends” from Nader Pourhassan Ph.D., president and CEO of CytoDyn. This letter, which will also be made available tomorrow, is expected to include a review of the company’s recent progress as well as insight into CytoDyn’s goals and milestones for the coming year.
To participate in tomorrow’s conference call, investors should dial 877-407-2986 (U.S./Canada) or 201-378-4916 (international). Alternatively, a live audio webcast may also be accessed under the Investors section/IR Calendar of CytoDyn’s corporate website. The company encourages web participants to visit its website at least 15 minutes prior to the start of the call in order to register and install any necessary software.
For those unable to attend the live call, the audio webcast will be archived for 60 days on CytoDyn’s corporate website. A replay of the conference call will also be made available until March 5, 2017. To access this replay, interested parties may dial 877-660-6853 (U.S./Canada) or 201-612-7415 (international); Conference ID: 13652328.
Tomorrow’s conference call comes less than a month after CytoDyn announced the treatment of the first several patients in its ongoing Phase 3 clinical trial of PRO 140 as a single-agent maintenance therapy in virally suppressed subjects with HIV. The new trial, which Pourhassan called “nearly a duplicate of [CytoDyn’s] Phase 2b monotherapy trial with an additional objective of investigating why some R5 patients did not respond to this therapy as well as others,” is likely to “provide essential data to support the continued clinical and regulatory advancement of PRO 140.”
Notably, data from this Phase 3 trial is expected to be submitted as part of CytoDyn’s upcoming Biologics License Application (BLA) for PRO 140 as a combination therapy with the current standard-of-care, highly active antiretroviral therapy (HAART). In addition to providing potential cost savings, this dual use of clinical data will facilitate “the fastest path to regulatory approval which is an expected submission of the rolling BLA in 2017,” according to Pourhassan.
For more information, 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
Tuesday, January 3, 2017
My Size, Inc. (NASDAQ: MYSZ) Measuring App in the Spotlight Following Partnership with Fashion Retailer Trucco
One of the biggest problems facing ecommerce – online fashion retailers, in particular – is high return rates due to the fact that purchased products aren’t always a good fit. This can apply to all kinds of items, but clothing leads the way with more than 50 percent of online purchases being returned to the vendor due to sizing or quality issues. Israel-based company My Size, Inc. (NASDAQ: MYSZ) is intent on solving this problem once and for all via an innovative suite of high-precision measurement applications that can be used in a variety of markets.
Using a unique measurement technology based on several patent-pending algorithms that calculate measurements in novel ways, the company has developed various apps designed to help users determine the correct size of virtually any everyday object, as well as their bodies and clothing. One of the most popular My Size apps is designed to help shoppers always get the right fit, no matter what kind of size charts online vendors are using. The MySizeID app utilizes smartphone sensors to determine a user’s personal measurements, which can then be stored in a secure online profile and used for any new purchase.
The app will soon become available worldwide as a direct result of a new partnership between My Size and renowned high-end fashion retailer Trucco. Based in Spain, Trucco has more than 30 years of experience in the apparel industry and is present in 20+ countries all around the globe, including markets in Europe, Asia and South America. Under the deal, the My Size measurement app will become available to Trucco’s online and offline customers beginning this spring, coinciding with the launch of a new collection. Until then, the app will undergo a testing period in the Trucco system. According to both Trucco and My Size representatives, the highly-accurate app will help customers select the right size garments on the first try, which will ultimately help improve conversion rates and significantly reduce returns.
The application is very easy to use, My Size Chief Product Officer Billy Pardo explained in a news release. Customers are only required to wave their smartphones (with the installed app) over a piece of clothing that fits just the way they like it. The app will instantly calculate the exact measurements, and the Trucco system will then recommend which size the customer should purchase, making the entire online shopping experience easier and fun, all while minimizing the risk of wasting time and money on items that are not the right fit.
In addition to the exposure it will receive due to the Trucco partnership, My Size is expected to make a strong showing at the Consumer Electronics Show (CES) in Las Vegas this month. The company will showcase its products at the Israeli Pavilion during CES 2017, with a program that will include a press conference on January 5, a market launch, contests and demonstrations. Additionally, My Size will exhibit its applications at the ShowStoppers press reception, which is also scheduled for January 5 at this year’s CES.
For more information, visit www.MySizeID.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
Using a unique measurement technology based on several patent-pending algorithms that calculate measurements in novel ways, the company has developed various apps designed to help users determine the correct size of virtually any everyday object, as well as their bodies and clothing. One of the most popular My Size apps is designed to help shoppers always get the right fit, no matter what kind of size charts online vendors are using. The MySizeID app utilizes smartphone sensors to determine a user’s personal measurements, which can then be stored in a secure online profile and used for any new purchase.
The app will soon become available worldwide as a direct result of a new partnership between My Size and renowned high-end fashion retailer Trucco. Based in Spain, Trucco has more than 30 years of experience in the apparel industry and is present in 20+ countries all around the globe, including markets in Europe, Asia and South America. Under the deal, the My Size measurement app will become available to Trucco’s online and offline customers beginning this spring, coinciding with the launch of a new collection. Until then, the app will undergo a testing period in the Trucco system. According to both Trucco and My Size representatives, the highly-accurate app will help customers select the right size garments on the first try, which will ultimately help improve conversion rates and significantly reduce returns.
The application is very easy to use, My Size Chief Product Officer Billy Pardo explained in a news release. Customers are only required to wave their smartphones (with the installed app) over a piece of clothing that fits just the way they like it. The app will instantly calculate the exact measurements, and the Trucco system will then recommend which size the customer should purchase, making the entire online shopping experience easier and fun, all while minimizing the risk of wasting time and money on items that are not the right fit.
In addition to the exposure it will receive due to the Trucco partnership, My Size is expected to make a strong showing at the Consumer Electronics Show (CES) in Las Vegas this month. The company will showcase its products at the Israeli Pavilion during CES 2017, with a program that will include a press conference on January 5, a market launch, contests and demonstrations. Additionally, My Size will exhibit its applications at the ShowStoppers press reception, which is also scheduled for January 5 at this year’s CES.
For more information, visit www.MySizeID.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) Kicks Off 2017 by Voicing Support for Congressional Push Calling for Banking Reform in the Cannabis Industry
Before the opening bell, Singlepoint, Inc. (OTC: SING) kicked off the new year by voicing its support for an ongoing congressional push calling for banking reform as it relates to the burgeoning legal cannabis industry. In mid-December, a group of 10 U.S. senators (http://nnw.fm/0Kbvs) from states across the country, including Alaska, Maine, Massachusetts, Minnesota, New Jersey, New York, Oregon, Vermont and Washington, issued a letter to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) calling for changes that could facilitate comprehensive banking services for cannabis industry companies doing business in the 28 states that have already legalized marijuana in some form. In addition to eliminating many of the unnecessary security risks that come with operating all-cash businesses, the senators note that banking reform in the cannabis industry will also benefit the federal government.
“The fledgling legal market for marijuana is around $7 billion, a figure that’s dwarfed by the overall billion US market, most of which remains illegal. This business environment is an invitation to tax fraud, robberies, money laundering, and organized crime … With tens of millions of Americans soon gaining legal access to marijuana under state laws, new guidance is necessary in order to allow banks to enhance the availability of financial services for indirect businesses that service the marijuana industry. This will not only bolster the safety of our communities, but it will also help to spur economic growth across the country,” the letter reads.
For Singlepoint, these sustained calls for banking reform in the cannabis industry serve as validation of the company’s recent strategic moves. During the fourth quarter of 2016, Singlepoint announced plans to awaken its SingleSeed subsidiary in order to capitalize on the evolving legislative environment surrounding the U.S. cannabis market. Upon its original launch following the legalization of marijuana for recreational use in Colorado, SingleSeed established a client base and positioned itself as one of the first merchant service providers in the space.
In recent months, the company has looked to capitalize on this ‘first-mover’ position while expanding its presence in the evolving cannabis market. In a December interview on MoneyTV with Donald Baillargeon, Singlepoint CEO Greg Lambrecht noted that the company is in the process of updating the SingleSeed website in order to better serve dispensaries following anticipated regulatory changes. In the meantime, the company is also making its text message marketing solution available to cannabis industry businesses in order to help them stay connected with clients while remaining up-to-date on SingleSeed’s continued efforts to facilitate non-cash payment solutions in the space.
“We are witnessing exciting, groundbreaking advances in the marijuana industry, and are encouraged to see congressional-level support for banking measures that would further revolutionize the way cannabis companies do business,” Lambrecht added in this morning’s update. “The regulatory environment is rapidly changing and SingleSeed is gearing up to provide dispensaries with payment processing solutions specifically tailored to their needs.”
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
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“The fledgling legal market for marijuana is around $7 billion, a figure that’s dwarfed by the overall billion US market, most of which remains illegal. This business environment is an invitation to tax fraud, robberies, money laundering, and organized crime … With tens of millions of Americans soon gaining legal access to marijuana under state laws, new guidance is necessary in order to allow banks to enhance the availability of financial services for indirect businesses that service the marijuana industry. This will not only bolster the safety of our communities, but it will also help to spur economic growth across the country,” the letter reads.
For Singlepoint, these sustained calls for banking reform in the cannabis industry serve as validation of the company’s recent strategic moves. During the fourth quarter of 2016, Singlepoint announced plans to awaken its SingleSeed subsidiary in order to capitalize on the evolving legislative environment surrounding the U.S. cannabis market. Upon its original launch following the legalization of marijuana for recreational use in Colorado, SingleSeed established a client base and positioned itself as one of the first merchant service providers in the space.
In recent months, the company has looked to capitalize on this ‘first-mover’ position while expanding its presence in the evolving cannabis market. In a December interview on MoneyTV with Donald Baillargeon, Singlepoint CEO Greg Lambrecht noted that the company is in the process of updating the SingleSeed website in order to better serve dispensaries following anticipated regulatory changes. In the meantime, the company is also making its text message marketing solution available to cannabis industry businesses in order to help them stay connected with clients while remaining up-to-date on SingleSeed’s continued efforts to facilitate non-cash payment solutions in the space.
“We are witnessing exciting, groundbreaking advances in the marijuana industry, and are encouraged to see congressional-level support for banking measures that would further revolutionize the way cannabis companies do business,” Lambrecht added in this morning’s update. “The regulatory environment is rapidly changing and SingleSeed is gearing up to provide dispensaries with payment processing solutions specifically tailored to their needs.”
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
How will you play the Dow 20K?
The Dow is within spitting distance of breaking the 20,000 point level for the first time; let’s look at what the pros are thinking. Jim Suva, Citi Research Analyst, stated that, “Tax reform benefit from reduction in corporate taxes and cash repatriation,” as Citi Research reiterated its ‘Buy’ rating on Apple (NASDAQ: AAPL), while CNBC’s Jim Cramer added that IBM (NYSE: IBM) “would be a huge beneficiary of Trump’s proposed lower corporate tax rates. It is a terrific play on a stronger economy.” So, it’s looking like the experts think that the Dow stalwarts are going to benefit from a slew of business friendly moves, but the iShares Russell 2000 ETF (NYSE: IWM) is also near all-time highs, so it’s not just the big boys in play.
As a leading provider of automated digital platform technology and social management software for Internet and mobile advertising, Social Reality (NASDAQ: SRAX) is well positioned to benefit from many of the same dynamics as the large caps. In fact, since the company’s advanced ad serving technology and seamless integration can now empower its clients to build and run a vertical ad network, there’s a strong argument for Social Reality directly benefiting from other companies’ improved bottom lines, as some companies should be seeking to more aggressively expand their marketing efforts.
Suva further stated, in a note to clients, that Apple shares can march to $130 for other reasons, including a “Sticky user base which drives continued services revenue growth” and an “Attractive valuation – Shares trade at a slight discount to their 4 year median multiples despite improving fundamentals ahead,” but lowering the U.S. corporate tax rate would increase Apple’s bottom line and Suva sees “Apple as a significant beneficiary of Trump tax reforms. Apple is very well positioned to benefit from potential tax reform of either or both a repatriation tax holiday and or a lower corporate tax rate.”
Cramer sees that the big caps are in play, but IBM is one that tickles his fancy, because, despite the fact that IBM performed in the top 20% of Dow listings for 2016, it’s still 50 points below where it was priced four years ago. Yet, at merely 12 times earnings, it’s one of the most attractive listings on the Dow, on an EPS basis. Plus, as IBM continues to grow its cloud business, there’s an even wider gap between its pricing in relative terms to its peers.
Management has consistently grown Social Reality’s revenues, from about $500,000 in 2010 to over $30 million in 2015, an average annual growth rate (AAGR) of 170%, while typically running blended gross margins in the 45-55% range.
Social Reality appointed Kathy Ireland as a Chief Branding Advisor to help the company identify top industry executives in the media, entertainment and advertising industry for building out an Advisory Board. In June 2016, Ireland was ranked by Forbes as one of the 60 richest self-made women in America, and the kathy ireland® Worldwide brand is listed as the 25th most powerful brand globally by License Global Magazine, reporting worldwide sales in excess of $2.5 billion in 2012.
Social Reality uplisted to the NASDAQ Capital Market in October 2016, with analysts calling it a ‘Buy’ on an EPS of 27 cents in 2017, with an average price target of $10.75.
For more Social Reality information, please visit www.socialreality.com www.srax.com www.sraxmd.com www.sraxdi.com www.groupad.com www.steelmediainc.com www.sraxsocial.com
About Stock Communications Group (SCG)
Stock Communications Group (SCG) specializes in providing superior capital market communications. Our team of experienced tactical specialists can benefit public and private companies with proven financial strategies and solutions. Our investor relations and public relations services ensure that your company effectively communicates with investors, shareholders, regulators, and the financial community; to ensure that your company’s message properly promotes your company’s image, protects your brand, and maximizes your valuation.
SCG specializes in creating objective, credible, and timely communications that’s convenient and easy to understand. From conference call and annual meeting webcasts to creating special investor relations websites, we do it all. We even handle direct response duties to inquiries from individual investors, corporate profiles and other supporting publications, news releases and subscriber services. Our success stories span all industry sectors and are at the ready to deploy our unique resources to make your efforts truly successful.
SCG Disclosure: Stock Communications Group has been actively profiling public companies since 1999 bringing our readers timely and valuable market information first. Nothing in our reports or on our site should constitute a recommendation to buy or sell any stock. We will not be buying, selling or trading in any of the above listed stocks during the publication of this report. SCG has been compensated by MarketStreet for this article. Investors should conduct their own due diligence and consult with a stock broker or investment advisor before making any investment decision. Some of our statements are our opinion and should be taken as such, and this release contains Forward Looking statements as well.
Read our full disclosure at http://StockComm.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, visit https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
As a leading provider of automated digital platform technology and social management software for Internet and mobile advertising, Social Reality (NASDAQ: SRAX) is well positioned to benefit from many of the same dynamics as the large caps. In fact, since the company’s advanced ad serving technology and seamless integration can now empower its clients to build and run a vertical ad network, there’s a strong argument for Social Reality directly benefiting from other companies’ improved bottom lines, as some companies should be seeking to more aggressively expand their marketing efforts.
Suva further stated, in a note to clients, that Apple shares can march to $130 for other reasons, including a “Sticky user base which drives continued services revenue growth” and an “Attractive valuation – Shares trade at a slight discount to their 4 year median multiples despite improving fundamentals ahead,” but lowering the U.S. corporate tax rate would increase Apple’s bottom line and Suva sees “Apple as a significant beneficiary of Trump tax reforms. Apple is very well positioned to benefit from potential tax reform of either or both a repatriation tax holiday and or a lower corporate tax rate.”
Cramer sees that the big caps are in play, but IBM is one that tickles his fancy, because, despite the fact that IBM performed in the top 20% of Dow listings for 2016, it’s still 50 points below where it was priced four years ago. Yet, at merely 12 times earnings, it’s one of the most attractive listings on the Dow, on an EPS basis. Plus, as IBM continues to grow its cloud business, there’s an even wider gap between its pricing in relative terms to its peers.
Management has consistently grown Social Reality’s revenues, from about $500,000 in 2010 to over $30 million in 2015, an average annual growth rate (AAGR) of 170%, while typically running blended gross margins in the 45-55% range.
Social Reality appointed Kathy Ireland as a Chief Branding Advisor to help the company identify top industry executives in the media, entertainment and advertising industry for building out an Advisory Board. In June 2016, Ireland was ranked by Forbes as one of the 60 richest self-made women in America, and the kathy ireland® Worldwide brand is listed as the 25th most powerful brand globally by License Global Magazine, reporting worldwide sales in excess of $2.5 billion in 2012.
Social Reality uplisted to the NASDAQ Capital Market in October 2016, with analysts calling it a ‘Buy’ on an EPS of 27 cents in 2017, with an average price target of $10.75.
For more Social Reality information, please visit www.socialreality.com www.srax.com www.sraxmd.com www.sraxdi.com www.groupad.com www.steelmediainc.com www.sraxsocial.com
About Stock Communications Group (SCG)
Stock Communications Group (SCG) specializes in providing superior capital market communications. Our team of experienced tactical specialists can benefit public and private companies with proven financial strategies and solutions. Our investor relations and public relations services ensure that your company effectively communicates with investors, shareholders, regulators, and the financial community; to ensure that your company’s message properly promotes your company’s image, protects your brand, and maximizes your valuation.
SCG specializes in creating objective, credible, and timely communications that’s convenient and easy to understand. From conference call and annual meeting webcasts to creating special investor relations websites, we do it all. We even handle direct response duties to inquiries from individual investors, corporate profiles and other supporting publications, news releases and subscriber services. Our success stories span all industry sectors and are at the ready to deploy our unique resources to make your efforts truly successful.
SCG Disclosure: Stock Communications Group has been actively profiling public companies since 1999 bringing our readers timely and valuable market information first. Nothing in our reports or on our site should constitute a recommendation to buy or sell any stock. We will not be buying, selling or trading in any of the above listed stocks during the publication of this report. SCG has been compensated by MarketStreet for this article. Investors should conduct their own due diligence and consult with a stock broker or investment advisor before making any investment decision. Some of our statements are our opinion and should be taken as such, and this release contains Forward Looking statements as well.
Read our full disclosure at http://StockComm.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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