(EEGI) acquires Graystone Education, begins new model in multi-billion dollar industry

SCOTTSDALE, Ariz., Sept. 22, 2014  — Eline Entertainment Group, Inc. (OTCPink: EEGI) today announced that it has recently acquired Graystone Education, Inc. (Graystone) as a wholly owned subsidiary. The company has posted its public disclosures, and was moved up to the “current” tier on the Pink Sheets.

Graystone has been designed to address a variety of needs in the multi-billion dollar education industry with a business model based on drivers associated with tends in education, globalization, technology convergence, socio-economic, political, and societal variables.

With the first phase of the business plan complete including establishing the enterprise; a solid methodology with accreditation-based policies; development of degree programs and unique curriculum; and more, Graystone has moved on to the acquisition phase.

Initially based on the best components of successful business models within the industry, the Company has developed an enhanced approach that is designed to mitigate major risks and meet unique demographic needs in accredited technical training; corporate training; continuing education requirements; military training needs; undergraduate; and graduate degree programs. The company feels it has a distinct competitive advantage in its unique methodology, broad experience base, and focus on implementation of best practices.

Close of escrow is pending on a signed purchase agreement for an established, profitable, accredited technical college, and a letter of intent is signed on a second candidate with similar attributes.  The company has assembled an outstanding leadership team with complimentary core competencies in both academia and in business. With a refined business model and a bias for action by the executive team, Graystone is positioned to become one of the fastest growing entities in the education industry in America and abroad.

About Eline Entertainment Group, Inc.
Eline Entertainment Group, Inc. operates its wholly owned subsidiary; Graystone Education, Inc. Graystone provides a variety of education services including consulting and operations.  The business model includes: significant intellectual property; campus based and online venues; accredited-based programs; competitive high-quality programs; and a student goal-achievement focus. For more information contact elineentertainmentgroup@yahoo.com.

DISCLAIMER
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

(NXTD) Issues Shareholder Corporate Update

SHELTON, Conn., Sept. 22, 2014  — NXT-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market, issues the following corporate shareholder update following the uplisting to NASDAQ and the recent funding.

Letter from the CEO:

NXT-ID recently completed an essential round of funding and joined the NASDAQ to support ramping of production of Wocket™ as well as expand its other biometric and authentication products and services. This strategic achievement positions NXT-ID to pursue new markets and distribution channels while expanding staff in key technology and other positions and continuing to promote consumer awareness through social media and advertising to select markets. NXT-ID has already filled several new positions to accelerate our development of new, innovative features of Wocket and other products. We are adding to our existing staff of 12 and have signed a lease on a fulfillment and customer support center in Melbourne, FL.

Recent developments in the payment industry have brought focus to the many issues surrounding how we pay, and what we pay with. Another large data breach, this time at Home Depot, emphasizes that a smart wallet platform such as Wocket is needed now more than ever.

Although Apple Pay has dominated recent news and generated new life in existing technology built around NFC, Android device owners won’t be able to take advantage of ApplePay; nor will those without a smart-phone or an iPhone 6 without a slide on case. NFC payment technology was introduced several years ago by services such as Google Wallet and Softcard (previously ISIS Wallet). In addition, some of the largest retailers such as Best Buy, Target, and Walmart are embracing yet another QR code-based technology called MCX, emphasizing the fragmentation in next generation payment systems.

Like Apple Pay, these digital wallets require a cell phone, with attendant battery life issues, an active data connection, and special hardware at the retailer.

Unlike cell phone dependent and connected technologies, Wocket works without a smart-phone, disconnected from cloud-based services, and maintains all the features of a wallet, allowing users to customize and carry whatever they need.  It’s truly the first universal secure payment solution. NXT-ID continues to work with several payment technologies and partners to take advantage of the flexible Wocket platform that includes biometric access protection and EMV like encryption through wocket numbers. While new payment technologies provide convenience and wireless features, the fact remains that consumers still have to carry a wallet containing cards to access ATMs, pay when their phone dies or loses signal, and checkout at locations that don’t support NFC. Rather than a few hours of battery life between charges, an unprecedented minimum of 6 months can be achieved with typical Wocket use. In addition, Wocket is the only secure vault with a flexible platform that encompasses more than just a single payment method, and works everywhere you use your cards today.

Wocket secures all the information and cards users commonly store in their wallet, allowing them to continue paying with and using their credit, debit, loyalty, and insurance cards just as they do today.  Wocket can even store login credentials, crypto currency accounts, and one thing that no digital wallet can ever replace – cash. Wocket completely replaces the wallet and hosts a new generation of wallets that combine fashion with personal security.

The flexibility of the Wocket platform can support NFC and EMV, as well as Bluetooth and other forms of payment as they become prevalent in the future. Thus, unlike other technologies that are only accepted in certain locations, Wocket can be accepted everywhere while still providing security and privacy. Furthermore, Wocket is the only device that can secure all cards and personal information within your wallet directly under the owner’s control, not within an impersonal cloud or unproven custodian of private data.

We will issue a marketing update with new initiatives including new TV ad campaigns and new celebrity ads this week followed by a detailed product manufacturing update, including delivery of the much anticipated Wocket.

The payment industry is currently undergoing massive change and we appreciate our shareholder’s support in embracing our unique technology and approach to payments with the Wocket.

We believe we are delivering something to consumers and the market that has not been accomplished by our peers and competitors.

Gino Pereira
Chief Executive Officer
Nxt-ID. Inc.

About NXT- ID Inc. – Mobile Security for a Mobile World:

NXT-ID, Inc.’s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers’ mobile platforms led by the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com

NXT-ID’s wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com, http://3d-id.net.

Forward-Looking Statements for NXT-ID:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.

Contact:

Corporate info: info@nxt-id.com
Investor Inquiries: Kirin Smith
ProActive Capital Group
Direct: +1-646-863-6519
ksmith@proactivecapital.com
Media: 800-665-0411

(CNET) Recognized at CECA’s 2014 Chinese E-Commerce Industry Gateway Conference

BEIJING, Sept. 22, 2014  — ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference held yesterday in Beijing. The conference was organized by the China Electronic Commerce Association (CECA). The Top Company title is awarded to only one enterprise in each industry.

Hundreds of well-known Internet companies, as well as the media, attended the conference, including: Sohu, LEJU, eLong, Ganji (www.ganji.com) and Xiaomi (www.xiaomi.com), as well as the other top internet companies in China. Government officials and business leaders talked and shared new ideas about today’s internet and e-commerce industry. During the conference, CECA presented a number of industry awards to recognize contributions to the Internet and e-commerce.

Mr. George Chu, COO of ChinaNet, delivered the keynote address at the conference. “As the complexity of the internet has increased dramatically as a result of the rising mobile and cloud industry, businesses small to large all need solutions and tools to be more efficient and target-oriented in delivering digital messages to their business partners and customers. All these marketing messages need to be accurately assessed for ROI, so that marketers know what channels of communication are more effective for their businesses. This is what ChinaNet does. We provide 1:1 sales leads based on cloud analytical and management tools in an omni-channel environment. As business users, you willl know every advertising and marketing dollar that you spend and he revenues it brings your business. This is the beauty of internet, especially in today’s cloud and mobile environment. Our alliance with key search engines like Baidu and Qihu360, as well as numerous B2C e-Commerce platforms in the future, including Taobao and QfPay, will allow us to add even greater value in today’s internet world. We are very excited to be part of this great annual event.”

About the China Electronic Commerce Association (www.ec.org.cn)

CECA is a national trade association approved by China’s State Council and the Ministry of Civil Affairs to promote growth and healthy development in China’s e-commerce industry as well as help the government in terms of regulations. Since it was founded in 2000, CECA has received strong support from the standing committee of China’s National People’s Congress and the National Industry and Information Ministry.

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI (“ChinaNet”), is a leading digital B2B (business to business) Internet technology company focusing on providing online-to-offline (O2O) sales channel expansion service for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking service for entrepreneurs in China. The Company, through certain contractual arrangements with operating companies in the PRC, provides Internet advertising and other services for Chinese SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons. Website: http://www.chinanet-online.com.

Safe Harbor

This release contains certain “forward-looking statements” relating to the business of ChinaNet Online Holdings, Inc., which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ChinaNet’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ChinaNet will be those anticipated by ChinaNet. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ChinaNet undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

CONTACT: MZ North America
         Ted Haberfield, President
         Direct: +1-760-755-2716
         Email: thaberfield@mzgroup.us
         Web: www.mzgroup.us

(NETE) SeeThruEquity Issues Update on Net Element, Increases Price Target to $5.17 Per Share

Net Element recently announced it would integrate Apple Pay services into its point-of-sale payment acceptance hardware and software, enabling company merchants the ability to accept Apple Pay from customers

New York, NY / September 22, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a company update on Net Element, Inc. (NASDAQ: NETE).

“NETE quickly responded to Apple’s announcement with its own announcement on September 17th that it will integrate Apple services into its point-of-sale payment acceptance hardware and software, enabling company merchants the ability to accept Apple Pay from customers. NETE will be offering a free NFC Contactless, EMV-enabled point-of-sale terminal to merchants that upgrade to its Unified Payments service offering. With an expected 60 million iPhone users expected to begin using the mobile wallet, we view this as material news for NETE shares. Subsequently, we are raising our price target on NETE to $5.17 per share,” stated Ajay Tandon, CEO of SeeThruEquity.

Additional highlights of the note are as follows:

– Apple Pay is a significant announcement for NETE. On September 9, 2014, Apple announced its new mobile payment system Apple Pay. Using a Near Field Communication antenna in the iPhone 6, a consumer will be able to pay for goods and service using their phones. While mobile payments are not a new innovation and there are other competitive alternatives to Apple Pay that have not caught on in the US, Apple’s presence in the market will garner significant attention to the space. As consumers become more comfortable with using their iPhones as a mobile wallet, we feel that other competing mobile payment alternatives will also gain in popularity and utilization. This is a win-win for NETE, as it has consistently positioned itself as a payment processor for nearly all mobile payment alternatives. NETE quickly responded to Apple’s announcement with its own announcement that it will integrate Apple® services into its point-of-sale payment acceptance hardware and software, enabling company merchants the ability to accept Apple Pay from customers. Customers will be able to pay at the point-of-sale and online using their iPhone 6, iPhone 6 Plus and Apple Watch devices. NETE will be offering a free NFC Contactless, EMV-enabled point-of-sale terminal to merchants that upgrade to its Unified Payments service offering. With an expected 60 million iPhone users expected to begin using the mobile wallet, we view this as material news for NETE shares.

– Debt conversion. On September 15, 2014, NETE announced that it has entered into a debt exchange agreement with Crede. Under the agreement, NETE immediately eliminated $15.8mn of indebtedness under certain promissory notes. After acquiring the promissory notes, Crede exchanged them NETE common stock.

– Raising price target to $5.17. We are raising our price target from $3.47 to $5.17 for NETE. This represents 73.4% upside potential from the recent market price of $2.98. We feel that NETE’s longterm revenue prospects have been significantly increased by the announcement of Apple Pay.

The note is available here: NETE Update Note. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms.

Please review important disclosures on our website at www.seethruequity.com.

About Net Element, Inc.
Net Element, Inc. (NASDAQ: NETE) is a global financial technology-driven company specializing in mobile payments and transactional services in emerging countries and in the U.S. The company operates its business through its global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia’s second largest telecommunications operator. NETE has global development centers and high-level business relationships in the U.S., Russia and Commonwealth of Independent States.

For more information, visit www.netelement.com.

About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
(646) 495-0939

(ECTE) Newly Elected Board Members to Host Conference Call

Conference Call Scheduled for 8.30 am ET, Monday September 22nd

PHILADELPHIA, Sept. 19, 2014  — Michael Goldberg M.D. and Shepard M. Goldberg, both recently elected board members of Echo Therapeutics (Nasdaq:ECTE), will host a conference call with investors to discuss recent developments and also their goals to establish a new strategic direction for the company which will require the removal of the three predecessor directors for cause. In light of recent events at Echo Therapeutics, Dr. Goldberg and Mr. Goldberg have been contacted by a number of shareholders regarding their concerns about the stock price and lack of information from the current management team.

Dr. Michael Goldberg was appointed to Echo’s Board of Directors in February 2014 and elected for a three-year term by shareholders at this past years annual meeting. Shepard Goldberg was also elected to the Board of Directors at the 2014 Annual Meeting of Stockholders held on Thursday, June 19, 2014. Shepard Goldberg was nominated by the Platinum Group, a stockholder group led by Platinum Management, the company’s largest shareholder in opposition to the Board’s nominee in a contested proxy fight. Shepard Goldberg was an overwhelming choice, winning with close to a 4-1 margin.

Dr. Goldberg and Shepard Goldberg will provide a brief overview of the current situation and their plans for Echo Therapeutics. They will then entertain questions and are open to suggestions for changing, what they consider to be, a correctable situation, but only if immediate action is taken to reorient the Company.

CONTACT: Michael Goldberg MD
         (201) 608 5218

(VGTL) and K2 Communications Announces Licensing Agreement With Nanotech

(REDG) Finalizes GIANT-SIZE Ad-Supported Comics Line-Up For December 2014 Launch

Two New Features Added, Two Features Spinning Off Into Paid Titles

(CNET) Online’s 28.com Announces New Growth Strategy Focused on Digital Advertising Services

BEIJING, Sept. 19, 2014  — ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the Company’s new growth strategy will focus on offering digital advertising services coupled with a range of consumer analytics expected to add significant value for its small and medium-sized enterprise (SMEs) customers. The Company is also continuing to build on its analytics offerings, which will make it possible to serve much larger digital advertising clients in the People’s Republic of China in 2015 and 2016.

According to Mr. Val Kaplin, a China-based marketing executive, “China outspends every other country in the Asia Pacific region on digital advertising, which in 2013 reached US$13.23 billion, or approximately 11% of worldwide ad spending. Banner ads remain the most popular type of ads, and constitute 30.2% of digital display ads. Keyword search ads are next at 28.5%, which is still behind the US share of 47.1%. Baidu and Taoabao are the largest online advertisers in China by revenue, reporting RMB22.25 billion and RMB17.22 billion respectively, and together represent over half the entire market. The largest spenders on online advertising are Chinese insurance giant Pingan, followed by Volkswagen, P&G and Shanghai GM. The four top sectors for online display ads are transportation, online services, real estate and food & drink.”

Based on the Company’s new cooperative relationship with Baidu, ChinaNet Online is experiencing an improved sell-through on digital advertising products. Should this trend continue, the Company will be in a position to offer digital advertising services to much larger China-based advertisers.

“We are very excited about our new focus on digital advertising and our cooperation with Baidu. We are also in discussions with Taobao of Alibaba to provide “Micro-Sell 360″, which is one of our new product solutions geared towards precision marketing for clients,” said George Chu, ChinaNet Online’s Chief Operating Officer.

About 28.com

ChinaNet offers 28.com, a web portal that connects SME franchisors with new franchisees, Internet advertising and marketing with other value-added communication channels, brand management & sales solutions, and cloud-based management tools. 28.com is a premier Internet property in the China SME community and the largest merchant marketplace for franchise opportunity seekers in China.

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI (“ChinaNet”), is a leading digital B2B (business to business) Internet technology company focusing on providing RMB sales channel expansion service for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking service for entrepreneurs in China. The Company, through certain contractual arrangements with operating companies in the PRC, provides Internet advertising and other services for Chinese SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons. Website: http://www.chinanet-online.com.

Safe Harbor

This release contains certain “forward-looking statements” relating to the business of ChinaNet Online Holdings, Inc., which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ChinaNet’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ChinaNet will be those anticipated by ChinaNet. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ChinaNet undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

CONTACT: MZ North America
         Ted Haberfield, President
         Direct: +1-760-755-2716
         Email: thaberfield@mzgroup.us
         Web: www.mzgroup.us

(ELRA) Terminates Reverse Stock Split

NEW YORK, Sept. 19, 2014  — Elray Resources Inc. (OTCPK:ELRA) trading as Elray Gaming announced today that it has lodged a Termination of Amendment namely the Reverse Stock Split ‘Certificate of Change filed Pursuant to NRS 78.209 For Nevada Profit Corporations’ filed with the Nevada Secretary of State on the 2^nd of September 2014.

Elray has determined, in the interest of shareholders, to cancel the originally planned Reverse Stock Split that was to be effective on the 22^nd of September.

This decision was reached as a result of positive opportunities and achievements by the company in recent weeks.

www.ElrayGaming.com

About Elray

Elray is an established Gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases. Whilst Elray is a US company, we have a global presence with offices in London, South Africa, Sydney and Curacao, homes of the largest gaming operators, which helps us actively manage and serve our clients. Our sophisticated patented software automatically declines any gaming requests from within the United States, in strict compliance with current US law. Our Sydney office allows us to tap into skilled resources and some of the world’s largest client base, for regular, personal interaction. As our active operations are in a jurisdiction that is friendly to online gaming, our clients can rest assured that we are here to stay. www.elraygaming.com

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

CONTACT: Melissa Diaz,
         South Street Media, Inc.
         Phone: (917) 937-8968
         Email: info@southstreetmedia.com

(SRNA) Engages Newbridge Financial for M&A and Financial Advisory Services

(KGNX) Completes Shipment of 24KT Nano Gold Eye Serum Purchase Order to Costco Canada

(DIDG) Announces Significant Growth in Revenue and Subscriber Base

HOLLYWOOD, Sept. 18, 2014  — The Movie & Music Network (OTC:DIDG) announced a 60% growth in revenue and a 24% increase in subscriber base between the period between March 31^st and August 31, 2014, equating to an annual run rate of 144%.

Reached by phone in his Los Angeles office, CEO Martin Greenwald said, “We believe this company is entering a very exciting growth period–not just in revenue and subscribers–but most importantly, in the depth and breadth of our content. We’re now working with four different channel partners, sharing advertising and promotion, and it’s paying off–the proof is in the subscribers.”

In just the last two months the Hollywood, California-based network has added over one thousand new titles as well as original programming on its MJ360TV channel, including the show “Grass Roots,” which streams live on Tuesdays and Thursdays at 3:30 pm PST. The company is currently in final negotiations with the producers of a highly sought-after, one-of-a-kind TV series involving a hip-hop artist who acts on a dare and how it changes his life. Also on the board is “Friends In High Places,” a diverse array of historical and current behind-the-scenes footage of well-known hip-hoppers. Some twenty additional channels are scheduled for launch before the end of 2014.

“Keep in mind,” added the CEO, “we’re carefully tracking our most successful titles and ramping up our programming to emulate those results. It’s all about content, and we’re committed to bringing our viewers an incredibly deep and diverse programming experience for the money.”

Safe Harbor Notice

Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Digital Development Group Corp. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Digital Development Group Corp. undertakes no obligation to revise these statements following the date of this news release.  Additional details of the Company’s business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser: http://www.movieandmusicnetwork.com/secfilings

CONTACT: Press Contact:
         Zack Davis
         6630 Sunset Blvd.
         Los Angeles, CA., 90028
         zack@movieandmusicnetwork.com

(HPCQ) Issues Status Update

(HPCQ) Issues Status Update

(NETE) Finalizes Debt Exchange Transaction with Crede Capital Group

Transaction Provides Financial Flexibility, Strengthens Balance Sheet

MIAMI, Sept. 18, 2014  — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, today announced the official completion of its debt exchange transaction with Crede CG III, Ltd. (“Crede”), a wholly owned subsidiary of Crede Capital Group, LLC.

The pricing period for the notes purchased was terminated as of September 17, 2014, concluding the Company’s share issuance obligations to Crede.  As a result, no additional shares in the Company will be issued to Crede as part of this transaction. Pricing was based on the volume weighted average price from the date of the exchange agreement to the termination of the pricing period. The debt exchange eliminated $15,876,860 of Net Element’s indebtedness, which will be reflected in the Company’s upcoming financial results for the quarter ending September 30, 2014.

“We’re pleased to have successfully completed this transaction, which marks an important milestone in Net Element’s history. The agreement not only extinguishes most of the company’s debt obligations, but also adds strength to its balance sheet. With this increase in financial flexibility we will continue to focus on building company and shareholder value via strategic opportunities and partnerships in the mobile payments industry,” said Oleg Firer, CEO of Net Element.

About Crede Capital

Crede Capital Group, LLC (“Crede”) is the personal investment vehicle of Terren Peizer with offices in Los Angeles, New York, Beijing and Singapore. Crede has completed more than 100 investments in eleven countries on four continents, providing both growth capital as well as business support to emerging growth companies. More information is available at www.credecg.com.

About Net Element (NASDAQ: NETE)   

Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The Company owns and operates a global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Russia’s second largest telecommunications operator. Together with its subsidiaries, Net Element enables ecommerce and adds value to mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States strategically position the Company for continued growth. Net Element has U.S. headquarters in Miami and headquarters in Moscow. More information is available at www.netelement.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, whether Net Element or its business continues to grow, whether the referenced debt exchange transaction will positively impact the Company and whether the referenced transaction and any additional financing secured by Net Element will be adequate to meet the Company’s objectives.  All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) Net Element ‘s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element ‘s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element ‘s ability to successfully expand in existing markets and enter new markets; (iv) Net Element ‘s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element ‘s business; (viii) changes in government licensing and regulation that may adversely affect Net Element ‘s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element ‘s business; (x) Net Element ‘s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

(CABN) Developing Breakthrough Technology to Mass-Produce Graphene

Company Enters Into an Agreement With the University of California, Santa Barbara (UCSB) to Fund the Further Development of a New Graphene Process

(SAPX) Signs Letter of Intent to Acquire Cash Ready ATM, Inc.

(ETAH) FDA Approves Needle-Free Injection Device For Influenza Vaccine

PHOENIX and VANCOUVER, British Columbia, Sept. 16, 2014 — Eternity Healthcare Inc. (OTC:ETAH), a medical device and diagnostic company with advanced technologies using the Needle-Free Injection system announced today that its competitor company, PharmaJet® Inc., has received FDA clearance to use a Needle-Free Injection device to administer the influenza vaccine to the public.

The following is from a release dated August 19, 2014:

“PharmaJet® Inc., the developer of a needle-free injection technology to administer medications and vaccines to patients, and bioCSL Inc., the maker of AFLURIA® (Influenza Vaccine) today announced the U.S. Food and Drug Administration (FDA) has approved the PharmaJet Stratis® 0.5mL Needle-Free Jet Injector for delivery of AFLURIA in individuals aged 18 to 64 years. This is the first needle-free delivery system approved by the FDA for the administration of an inactivated influenza vaccine.”

Dr. Salari, C.E.O. of Eternity Healthcare Inc. said, “With this new FDA approval, it opens the door for a large number of injectable drugs, from insulin to different types of vaccines and vitamins, to be injected without the use of needles.” He went on to state: “Using a Needle-Free Injection Device to administer vaccines will not only be less painful, but will eliminate accidental poking and reducing the risk of transmitting diseases. This is truly important in developing countries.” Dr. Salari further suggests that Eternity Healthcare Inc. is performing experimental work with some other types of vaccines using the Comfort-in™ Needle-Free Injection System.

About Eternity Healthcare

Eternity Healthcare or the “Company” (OTC:ETAH) is a healthcare company with technologies in medical devices and diagnostics. Our most advanced product is a needle-free injection system known as Comfort-in^TM. Our products are sold to healthcare professionals, for use in physicians’ offices, pharmacies, and to consumers directly. More information on Eternity Healthcare, visit the Company’s website; www.eternityhealthcare.com.

Social Networks:

Twitter.com/EternityHealth

Facebook.com/EternityHealthcare

Safe Harbor Statement

This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as ETAH or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

CONTACTS:  Company Contact:
           Lena Kuang
           Sale Manager
           (855) 324-1110
           info@eternityhealthcare.com

           Investor Relations Contact:
           Jonathan Hall
           Vital Media
           (347) 880-5457
           contact@vitalmediallc.com

(RGBP) Files Patent Application on New Therapy That Uses “Innate” Immune System to Kill Cancer

Invention Leverages Research Discoveries in Development of dCellVax for New Cancer Immunotherapy Product

(NETE) USA Today Interviews SeeThruEquity Regarding Recent Surge in Net Element Stock Price

New York, NY September 16, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announces that it was recently interviewed by USA Today regarding the recent surge in the stock price of Net Element (NASDAQ: NETE) in connection with Apple, Inc.’s (NASDAQ: AAPL) announcement on Apple Pay.

“We are pleased that NETE continues to receive a growing level of media attention concerning its mobile payments platform with this most recent coverage by USA Today. We are confident that NETE’s new business opportunities, solid financial planning and continued execution by management will result in continued robust performance in the share price of NETE,” commented Ajay Tandon, CEO of SeeThruEquity.

The full article from USA Today can be accessed here: USA Today Article.

Excerpts and highlights from the article are as follows:

“Micro cap stock Net Element NETE flexed some major muscle earlier this summer on Wall Street, when shares rocketed following a buy recommendation by … research firm SeeThruEquity which launched coverage with a $3.47 price target when shares were trading at 88 cents. After a 120% jump Wednesday, Net Element soared another 79% to $5.70 in heaving trading Friday, meeting SeeThru’s price target, and then some.

Behind the surge: expectations that the mobile payment and processor will get a lift from Apple Pay, the just-announced mobile payment plan system just announced by Apple.

Miami-based Net Element’s holdings include mobile payment and transaction processor Unified Payments and cloud-based point-of-sale payment platform Aptito. Its current clients include American Express, Visa and Mastercard.

As of Friday, SeeThru hadn’t raised its price target. But Brandon Primack, SeeThru’s senior research analyst, says new management, financial maneuvers and new business potential has bolstered Net Element’s outlook and makes the company’ a compelling stock.

‘… (the company’s) story has changed dramatically in the past 12 months,’ Primack tells USA Today. ‘They do not have a specific relationship with Apple, but they’re positioned to benefit from more business. It’s not going to happen in the next quarter, but there is a huge market already overseas where digital currency has already replaced traditional banking. This is more the expansion of the conscience over mobile payments.’ …”

SeeThruEquity’s reports on NETE are available here: NETE Research Reports. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zacks. The report will also be available on these platforms.

Please review important disclosures on our website at www.seethruequity.com.

About Net Element, Inc.
Net Element, Inc. (NASDAQ: NETE) is a global financial technology-driven company specializing in mobile payments and transactional services in emerging countries and in the U.S. The company operates its business through its global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia’s second largest telecommunications operator. NETE has global development centers and high-level business relationships in the U.S., Russia and Commonwealth of Independent States. The company has U.S. headquarters in Miami, Florida and international headquarters in Moscow, Russia.

For more information, visit www.netelement.com.

About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission-based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
(646) 495-0939

(ENUM) Appoints Kevin Sarney, CPA, as VP of Finance and CAO

Enumeral Biomedical Holdings, Inc. (OTCQB:ENUM), today announced that Kevin Sarney, CPA, has been appointed Vice President of Finance and Chief Accounting Officer. Mr. Sarney brings significant finance, accounting, operations and SEC reporting experience to Enumeral having served over 15 years in the life science industry in both early-stage and publicly traded companies.

“Kevin’s experiences working with biotechnology companies developing targeted therapies, including antibodies, are directly relevant to Enumeral’s platform and business goals,” said Arthur H. Tinkelenberg, Ph.D., President, Chief Executive Officer and Co-Founder of Enumeral. “Kevin is joining us at a critical point in Enumeral’s evolution, and we welcome his operational and financial expertise as we build our investor base, enter strategic collaborations and develop a pipeline of immunomodulators.”

“As Enumeral is a newly public company with a technology broadly applicable across the rapidly changing immunotherapy space, this is an exciting time to join the organization,” added Mr. Sarney. “I look forward to working with this innovative team and contributing to the company’s value creation and execution of its business and program goals.”

Prior to joining Enumeral, Mr. Sarney served as Vice President, Finance and Administration at Avaxia Biologics, a clinical-stage biopharmaceutical company developing gut-targeted therapeutics. Before Avaxia, he worked with various biotechnology and medical device companies in Vice President of Finance and Controller roles, having been the Corporate Controller and Principal Accounting Officer of Nitromed, Inc., a publicly traded, cardiovascular-focused pharmaceutical company. During his time at Nitromed, Mr. Sarney was responsible for SEC reporting, financial planning, risk management, treasury, the initiation of the company’s Sarbanes-Oxley compliance efforts, and financial and accounting support. During his career, he held the position of audit supervisor within the technology assurance group of PricewaterhouseCoopers LLP. Mr. Sarney earned a B.S. in business management from the University of Hartford, an M.B.A. from Boston University and an M.A. in accounting from Suffolk University. Mr. Sarney is a certified public accountant in the Commonwealth of Massachusetts.

About Enumeral

Enumeral is discovering and developing novel antibody immunotherapies that help the immune system attack diseased cells. We have a unique ability to extensively interrogate the human immune microenvironment for candidate selection and validation. Our unique capabilities enable us to measure drug effects in a patient-specific manner, providing the basis for developing best-in-class product candidates, based on a fundamental understanding of how immunotherapies work in each patient. We are building a pipeline of immunomodulators for the treatment of cancer and inflammatory diseases and leveraging the breadth of our technology through strategic collaborations. www.enumeral.com

(ALKM) Water Goes Viral With Danny Green “Not All Waters Are Created Equal” Video

(CDII) Enters into Letter of Intent to Acquire 100% of EM Resource Enterprises

DEERFIELD BEACH, Fla., Sept. 15, 2014  — CD International Enterprises, Inc. (“CD International”) (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas, today announced that it has entered a letter of intent to acquire a 100% equity interest in EM Resource Enterprises, Inc. (“EM Resource”), a Miami-based mineral and energy trading company.

The letter of intent calls for CD International to issue a three-year promissory note of $2 million and $13.4 million convertible preferred stock. The convertible preferred stock can be converted common stock in three years after the completion of the acquisition. The conversion price will be determined based on the average closing price of CD International’s common stock for the ten days immediately preceding the day of closing.  The Company expects to complete the acquisition on September 30, 2014. The Company intends to file a Form 8-K/A disclosing ERM’s financial statements for EM Resource on or before December 15, 2014. The Company is also working on the completion of its previous financial statements for fiscal 2013 and 2014 which it expects to file prior to that date.

EM Resource, founded in 2010, is engaged in international trading business in industrial commodities such as iron ore and energy commodities such as diesel fuel. According to unaudited financial statements, EM Resource generated revenues of approximately $30 million and $50 million in the calendar year of 2012 and 2013. EM Resource has approximately $11.5 million in shareholder equity as of June 30, 2014.

Commenting on the announcement, Dr. James Wang, Chairman and CEO of President of CD International said “We are very excited to enter into this letter of intent with EM Resource and are working diligently to close this acquisition by September 30, 2014. We believe this business combination will elevate our mineral business to a much higher level in fiscal 2015.  Management of EM Resource has strong connections in South America and has shipped out over 1.2 million tons of iron ore in 2012 and 2013. We believe their business and shipping expertise in South America coupled with our projects and sourcing capabilities will have a very synergetic impact on our business expansion plans in South America.”

About CD International Enterprises, Inc. 

CD International Enterprises, Inc. (OTCQB: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International’s unique infrastructure provides a platform to expand business opportunities globally. For more information about CD International, please visit http://www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding CDII Peru and the completion of agreements with other potential investors and partners for this effort in Peru, our ability to arrange financing, our expectations regarding profits, if any, and future operating results of CDII Peru and growth in our South America operations.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

Contact:

CD International Enterprises, Inc.
Richard Galterio
Investor Relations
Phone: +1-954-363-7333 Ext. 316
Email: richard.galterio@cdii.net

(DKAM) Walmart in Wisconsin gearing up for the Halloween season by supporting Drinks Americas

LOS ANGELES, CA, United States, via ETELIGIS INC., 09/15/2014 – – Drinks Americas, LTD (OTC Pink: DKAM) (PINKSHEETS: DKAM); Drinks Americas or the Company), the exclusive United States broker for leading premium authentic Mexican beers currently present in over 35 states, today is proud to announce that their Mexican Day of the Dead craft beer will be carried in Walmart stores throughout Wisconsin for the month of October.

Day of the Dead Beer is made to celebrate life and honor the traditions of the Day of the Dead holiday in Mexico. Each bottle has decorative skeletons and marigolds signifying the celebration of life in ancient Aztec ceremonies. It is the perfect display and sales opportunity during the Halloween season for Walmart stores across Wisconsin in the month of October said Joe Belli, VP of sales for Day of the Dead beer.

Day of the Dead Beer comes in six varietals: Blonde Ale, Hefeweizen, Amber Ale, Pale Ale, Porter and DOA IPA. Each variety has a very distinctive taste and giving Walmart customers a variety of choices is exactly why Walmart is such a successful chain added Joe Nowak, Chain Manager for Johnson Brothers of Wisconsin.

Timothy Owens, CEO of Drinks Americas, commented We are pleased to be partnering with Walmart in Wisconsin as it gives great visibility for the Day of the Dead brand. This can only enhance our wide spread growth of the beer throughout the US.

About Drinks Americas Holdings

Drinks Americas, LTD (OTC: DKAM) is the exclusive United States broker for leading premium authentic Mexican beers currently present in over 32 states. The Company is on target to be the leading broker for Mexican beers in each state in which it operates. Drinks Americas’ leading premium authentic Mexican beer brands include specialty Day of the Dead Craft Beer, Mexicali(TM), Rio Bravo(TM), Red Pig(TM) and Chili Beer(TM), which are all brewed in Mexico’s third largest brewery, Cerveceria Mexicana, utilizing state of the art processes, fermentation and aging systems. Drinks Americas’ brands continue to forge strong connections with consumers through some of the largest retailers and restaurants in the country. The Company is headquartered in Los Angeles, CA and trades under the ticker symbol “DKAM.”

Except for the historical information contained herein, the matters set forth in this release, including the description of the company and its product offerings, are forward-looking statements within the meaning of the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company’s need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company’s most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

CONTACT:

Tim Owens

CEO Drinks Americas Holdings, Ltd.

Email: towens@drinksamericas.com Phone: 805.530.2574

SOURCE: Drinks Americas Holdings, Ltd.

(AVNR) Announces Positive Phase II Trial Results for AVP-923 In Alzheimer’s

– Significantly Improved Agitation in 220-Patient 10-week Study – – Company Plans to Meet with FDA to Discuss Initiation of Pivotal Development Program – – Data to be Presented at the American Neurological Association Meeting in October –

ALISO VIEJO, Calif., Sept. 15, 2014 — Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) today announced positive results from its phase II clinical trial evaluating the safety and efficacy of AVP-923 for the treatment of agitation in patients with Alzheimer’s disease. Treatment with AVP-923 was associated with significantly reduced agitation as measured by the primary endpoint, the agitation/aggression domain score of the neuropsychiatric inventory (NPI) compared to placebo (p=0.00008).  The reduction in agitation was observed in both stage 1 (p=0.0002) and stage 2 (p=0.021) of the Sequential Parallel Comparison study design.

In addition, improvements were also seen in a majority of the secondary endpoints including the NPI total score (p=0.014), clinical global impression of change-agitation (p=0.0003), patient global impression of change (p=0.001) and measures of caregiver burden (p≤0.05).

“This is an exciting advancement in Alzheimer’s disease research,” said Jeffrey Cummings, MD, director of the Cleveland Clinic Lou Ruvo Center for Brain Health and chair of the study steering committee. “Dementia-related neuropsychiatric symptoms such as agitation are extremely distressing to patients and their families.”

“A potential new treatment option that could alleviate agitation or aggression as a result of Alzheimer’s disease would have a significant impact on the daily life of these patients and of their caregivers,” added Constantine Lyketsos, MD, director of the Johns Hopkins Memory and Alzheimer’s Treatment Center and also a member of the study steering committee.

“With no FDA approved drugs for the treatment of agitation in Alzheimer’s disease, we believe these results represent a breakthrough for patients,” said Joao Siffert, MD, chief medical officer at Avanir. “We are extremely excited with the prospect of bringing a potential treatment that can provide clinically meaningful relief to these patients and reduce caregiver burden. These study results represent the second neuropsychiatric disorder where AVP-923 has shown benefit and lends support for further advancement of our research programs into related disorders.”

Data from this phase II study will be presented at the American Neurological Association’s (ANA) 2014 Annual Meeting in Baltimore, MD, October, 12-14, 2014.

Based on these results Avanir plans to request a meeting with both the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) with the intention of discussing advancement of its dextromethorphan programs into pivotal studies for the treatment of agitation in patients with Alzheimer’s disease.

AVP-923 was found to be generally well-tolerated in this phase II study. The most common adverse reactions were falls, diarrhea, and urinary tract infection occurring in less than 10 percent of patients. There was a low patient discontinuation rate and there were no serious adverse events that were deemed treatment related by the investigators. AVP-923 is known to have certain risks (see ‘About AVP-923’ section below).

About the Study Design
The objectives of this phase II study were to evaluate the safety, tolerability, and efficacy of AVP-923 for the treatment of agitation in Alzheimer’s patients. The trial was a 10-week, multicenter, randomized, double-blind, placebo-controlled study utilizing a SPCD design intended to reduce placebo response rates. Enrollment was completed with 220 Alzheimer’s patients in the United States. Eligible patients were initially randomized 3:4 to receive either AVP-923 (dose escalated from DM 20mg/ Q 10mg to DM 30mg/ Q 10mg) or placebo. At the end of week 5, patients who initially received placebo were stratified according to their response to treatment and subsequently re-randomized 1:1 to receive either AVP-923 or placebo for the remainder of the study (an additional 5 weeks of treatment). Patients who initially received AVP-923 continued to receive AVP-923 DM 30mg/ Q 10mg for the remainder of the study. The main efficacy measure is the agitation/aggression subscale of the Neuropsychiatric Inventory or NPI. The primary endpoint follows a standard analysis of SPCD by combining the change from baseline to week 5 (stage 1: full analysis population) and change from week 5 to week 10 (stage 2) on the NPI agitation/aggression domain (patients who were considered “non-responders” to placebo during the initial 5 weeks). Secondary outcome measures include global assessments of disease severity, other neuropsychiatric symptoms, cognition, activities of daily living, quality of life and caregiver strain. Standard safety assessments will also be conducted.

About Agitation in Alzheimer’s Disease
An estimated six million Americans have Alzheimer’s disease, a number that has doubled since 1980 and is expected to be as high as 16 million by 2050. Alzheimer’s disease is generally characterized by cognitive decline, impaired performance of daily activities, and behavioral disturbances. Behavioral and psychiatric symptoms develop in as many as 60% of community-dwelling dementia patients and in more than 80% of patients with dementia living in nursing homes; as the disease progresses the  risk of such complications approaches 100%. Dementia-related behavioral symptoms, including agitation, can be extremely distressing to the individual, the family, and caregivers. These behavioral disturbances have been associated with more rapid cognitive decline, institutionalization, and increased caregiver burden.

About AVP-923
AVP-923 is a combination of two well-characterized compounds, the active CNS ingredient dextromethorphan hydrobromide (an uncompetitive NMDA receptor antagonist, sigma-1 receptor agonist and inhibitor of the serotonin transporter (SERT) and norepinephrine (NET) transporter) plus low-dose quinidine sulfate (a CYP2D6 enzyme inhibitor), which serves to increase the bioavailability of dextromethorphan. AVP-923 is an investigational drug not approved by the FDA. AVP-923 is known to have certain cardiovascular risks and drug-drug interactions. Patients with history of certain cardiovascular risks and on certain drugs were excluded from the study.

About Avanir Pharmaceuticals, Inc.
Avanir Pharmaceuticals, Inc. is a biopharmaceutical company focused on bringing innovative medicines to patients with central nervous system disorders of high unmet medical need. As part of our commitment, we have extensively invested in our pipeline and are dedicated to advancing medicines that can substantially improve the lives of patients and their loved ones. For more information about Avanir, please visit www.avanir.com.

AVANIR® is a trademark or registered trademark of Avanir Pharmaceuticals, Inc. in the United States and other countries.

©2014 Avanir Pharmaceuticals, Inc. All Rights Reserved.

Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release, including statements regarding Avanir’s plans, potential opportunities, financial or other expectations, projections, goals objectives, milestones, strategies, market growth, timelines, legal matters, product pipeline, clinical studies, product development and the potential benefits of its commercialized products and products under development are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks and uncertainties associated with delays in the release of study results, whether preclinical and clinical results for AVP-923 or other dextromethorphan drug products will be predictive of future clinical study results, whether regulatory agencies domestically and internationally will discuss advancement of one or more programs into pivotal studies, whether study data will be accepted for presentation and/or publication and whether a drug candidate can ultimately be successfully developed for commercialization, whether future clinical trials will be completed on time or at all, potential changes in cost, formulation, scope and duration of the clinical studies, obtaining additional indications for commercially marketed products domestically and internationally, obtaining and maintaining regulatory approvals domestically and internationally, whether new drugs can be successfully commercialized, and other risks detailed from time to time in the Company’s most recent Annual Report on Form 10-K and other documents subsequently filed with or furnished to the Securities and Exchange Commission. These forward-looking statements are based on current information that may change and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the issuance of this press release.

Avanir Investor & Media Contact
Ian Clements, PhD
ir@avanir.com
+1 (949) 389-6700

BrewLife Media Contact
Kelly France, PhD
kfrance@brewlife.com
+1 (415) 946-1076

(NETE) Net Element to Bring Apple Pay to Merchants

Offering mobile payments so more customers can pay when, where and how they want

MIAMI, Sept. 17, 2014  — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, today announces it will integrate Apple® services into its point-of-sale payment acceptance hardware and software, enabling Company merchants the ability to accept Apple Pay from customers. This new service will create a unique experience for customers who want to pay at the point-of-sale using their Apple® iPhone 6, Apple® iPhone 6 Plus and Apple® Watch devices.

When Apple Pay is available, customers can add their existing cards to the Apple Pay application. Anywhere they see the universal contactless acceptance symbol, customers can use the app on their Apple device to pay in person without physically swiping their card. Additionally, customers may use Apple Pay to make online purchases in apps with participating retailers while using their iPhone 6 and iPhone 6 Plus. Purchases are also protected by Zero Liability, which reimburses customers for promptly reported unauthorized transactions.

“With Apple Pay, an expected 60 million iPhone 6 and iPhone 6 Plus users will be ready to tap and pay anywhere contactless payments are accepted,” stated Oleg Firer, CEO of Net Element. “As part of our strategy to best capitalize on this massive opportunity and continue leading the mobile payment industry, we will be offering a free NFC Contactless, EMV-enabled point-of-sale terminal to merchants that upgrade to our Unified Payments service offering.”

About Net Element (NASDAQ: NETE)   

Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The Company owns and operates a global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Russia’s second largest telecommunications operator. Together with its subsidiaries, Net Element enables ecommerce and adds value to mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States strategically position the Company for continued growth. More information is available at www.netelement.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, whether Net Element or its business continues to grow.  All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict, Examples of such risks and uncertainties include, but are not limited to: (i) Net Element ‘s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element ‘s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element ‘s ability to successfully expand in existing markets and enter new markets; (iv) Net Element ‘s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element ‘s business; (viii) changes in government licensing and regulation that may adversely affect Net Element ‘s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element ‘s business; (x) Net Element ‘s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk that the U.S. government may decide to impose sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

(LAKE) Announces Global Availability of Hazmat Suits for Ebola

RONKONKOMA, N.Y., Sept. 12, 2014  — Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, today announced the global availability of its protective apparel for use in handling the Ebola virus.  In response to the increasing demand for specialty protective suits to be worm by healthcare workers and others being exposed to Ebola, Lakeland is increasing its manufacturing capacity for these garments and includes proprietary processes for specialized seam sealing, a far superior technology for protecting against viral hazards than non-sealed products.

Logo – http://photos.prnewswire.com/prnh/20120611/NY21959LOGO <http://photos.prnewswire.com/prnh/20120611/NY21959LOGO>

“Lakeland stands ready to join the fight against the spread of Ebola,” said Christopher J. Ryan, President and Chief Executive Officer of Lakeland Industries.  “We understand the difficulty of getting appropriate products through a procurement system that in times of crisis favors availability over specification, and we hope our added capacity will help alleviate that problem.  With the U.S. State Department alone putting out a bid for 160,000 suits, we encourage all protective apparel companies to increase their manufacturing capacity for sealed seam garments so that our industry can do its part in addressing this threat to global health.

Mr. Ryan continued, “With our diverse global operations and the breadth of our protective apparel line incorporating superior sealed seam technology, we are ideally situated to assist organizations worldwide as they handle Ebola.  Despite reports citing the short supply of protective suits for handling hazardous materials, we believe it is very important to alert those in need around the world that Lakeland has appropriately qualified and  certified suits, ample manufacturing capacity, and numerous distribution points to supply these garments.”

Last Friday, U.N. Secretary-General Ban Ki-moon laid out plans to set up an Ebola crisis center, with a mission to halt the spread of the virus in West African countries in six to nine months. He is counting on public and private funding from around the world of some$600 million needed for supplies in West Africa. Nearly 2,300 people have died and 4,300 confirmed or probable cases of Ebola have been reported since March.  Mr. Ban said in a statement, “The number of cases is rising exponentially. The disease is spreading far faster than the response. People are increasingly frustrated that it is not being controlled.”

Within the past several weeks, Lakeland has provided suits that are being used by Doctors Without Borders in West Africa.  Lakeland’s global team worked with leaders from Doctors Without Borders to ensure that the technical data and performance specifications for Lakeland’s garments exceeded the necessary protective requirements.

Two days ago, an NBC affiliate reported <http://www.nbcwashington.com/news/local/Non-Profit-Ships-276-Hazmat-Suits-Medical-Personnel-Ebola-Liberia-274683231.html> that PCI Global, a non-profit group with offices inWashington, DC, sent a quantity of hazmat suits toLiberia for use in the treatment of patients with Ebola.  “These suits are essential to saving lives,” said PCI Vice PresidentRichard Parker in the report.  “There’s a very short supply around the world.  We were able to procure these 276 suits through a medical supply company inCalifornia, so we bought them up as soon as we could.”  The suits that were procured and shipped were sealed seam garments manufactured by Lakeland Industries.

Lakeland’s ChemMAX 1 garments are being used in the fight against the Ebola virus based on their certification to EN 14126, the European standard for protective clothing for use against infective agents, and ASTM F1671 certification for protection from blood-borne pathogens along with its availability in sealed seam configurations.  Lakeland has the same certifications for other protective garments, including MicroMAX NS and the remaining ChemMAX product line.

For additional product information or to place an order, please visit www.lakeland.com <http://www.lakeland.com/> or contact customer service:

United States at +1-256-350-3873Argentina at +54-11-4897-5760Brazil at +55-11-3613-3700Canada at 800-489-9131Chile at +562-551-8562China at +010-6437-9226India at +91-8447556757Mexico at 800-837-9236Russia at +7-495-775-72-64UK at +44-14304-78140

About Lakeland Industries, Inc.:

Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.  The Company’s products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories. In addition, Lakeland supplies federal, state, and local government agencies, fire and police departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other federal and state agencies.  For more information concerning Lakeland, please visit the Company online atwww.lakeland.com <http://www.lakeland.com/>.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:  Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management.  All statements, other than statements of historical facts, which address Lakeland’s expectations of sources or uses for capital or which express the Company’s expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements.  As a result, there can be no assurance that Lakeland’s future results will not be materially different from those described herein as “believed,” “projected,” “planned,” “intended,” “anticipated,” “estimated” or “expected,” or other words which reflect the current view of the Company with respect to future events.  We caution readers that these forward-looking statements speak only as of the date hereof.  The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events conditions or circumstances on which such statement is based.

(MYHI) Completes Positive Greenhorn Property Due Diligence

(PMCM) Board of Directors Declares Stock Dividend, Spin-Out of ESMG

SEATTLE, Sept. 12, 2014  — Primco Management Inc. (OTCBB: PMCM), a medical marijuana, real estate management and multi-media company, today announced that the Company’s Board of Directors has declared a stock dividend of its ESMG, Inc. music division, effectively divesting the entertainment asset to become a newly traded stock on the OTCQB market.  Brandon Padilla, former Vice President of marketing at Virgin Records, has been appointed President.  Shareholders as of record date October 1, 2014, will receive one share of ESMG common for each 50 shares of Primco Management, Inc.

“By splitting Primco into two distinct trading companies, we can utilize the public markets to separately and effectively fund each operation independently with no ill effect on the other and zero dilution to any current Primco shareholder,” stated David Michery, CEO of Primco.  “I have great confidence in Brandon and am convinced that ESMG, as a separately traded entity, will greatly benefit all of our Primco shareholders in the long run.”

Brandon Padilla was a former Vice President of Marketing for Virgin Records and was credited as part of the team responsible for breaking the records of smash hit artists Daft Punk, Lenny Kravitz, Smashing Pumpkins and Mariah Carey.  Terms of Mr. Padilla’s employment agreement were not disclosed at this time.

In other news, Primco announced that it has completed the acquisition and consolidation of “My Suzy Q’s” and “Seattle Green Care” in Seattle, WA.

About Primco Management Inc.:

Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the real estate industry. (For additional information, visit www.primcousa.com).

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Primco Management, Inc. (OTCBB:PMCM)
2211 Elliott Ave.
Suite 200
Seattle, WA 98121
United States
Phone: 206-455-2940
Email: contact@primcousa.com

(CGA) Reports Fiscal Year 2014 Financial Results

Provides Guidance on the First Fiscal Quarter 2015 and Fiscal Year 2015 Revenues and Net Incomes

XI’AN, China, Sept. 12, 2014  — China Green Agriculture, Inc. (NYSE: CGA; “China Green Agriculture” or the “Company”), a company that mainly produces and distributes humic acid-based compound fertilizers, varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced its financial results for the Fiscal Year ended June 30, 2014 and Guidance on Revenues and Net Incomes of the First Fiscal Quarter 2015 and Fiscal Year 2015.

Highlights:

• Sales increased 7.6% to $233.4 million; Net Income decreased 44.6% to $25.5 million; Earning per Share (EPS) of $0.81 in Fiscal Year 2014.
• First Fiscal Quarter 2015 Guidance: Revenue of $50.7 million to $54.3 million; Net Income of $5.9 million to $7.8 million; EPS of $0.18 to $0.24 based on 32.4 million fully diluted shares.
• Fiscal Year 2015 Guidance: Revenue of $254.7 million to $268.8 million; Net Income of $26 million to $35.1 million; EPS of $0.8 to $1.08 based on 32.4 million fully diluted shares.

Financial Summary

“As we concluded our recent fiscal year, we look forward to a year with no distractions and expenses from the recently resolved class action lawsuit. The new fiscal year will start with a particular focus on building Jinong’s and Gufeng’s fertilizer franchises as well as consolidating Yuxing’s operations to pursue growth in agriculture product revenue. Furthermore, as we enter into the new fiscal year, China Green Agriculture is on its way to achieving the early benchmarks of our ten-year plan that was announced in the year of 2011.”

Mr. Tao Li, Chairman and Chief Executive Officer of the Company, stated, “We are very pleased with our performance in business operation, generating $25.5 million net income in the year ended June 30, 2014,” he concluded, “Looking ahead to the Fiscal Year 2015, we expect revenue of $254.7 to $268.8 million; net income of $26 to $35.1 million; and EPS of $0.8 to $1.08 based on 32.4 million fully diluted shares. We are confident in accomplishing our goals in the next year.”

Fourth Fiscal Quarter 2014 Results of Operations

For the three months ended June 30, 2014, net sales were $72.2 million, an increase of $2.4 million, or 3.4%, from $69.8 million for the three months ended June 30, 2013. Among which, Gufeng contributed $41.7 million or 57.8% of total net sales, as compared to $36.3 million, or 52.0% of total net sales in the same period last year; Jinong’s net sales decreased $3.3 million, or 10.0%, to $29.5 million from $32.8 million in the same period last year; Yuxing’s net sales increased $0.3 million or 37.1%, to $1.0 million, as compared to $0.7 million for the same period last year. This Net Sales increase was mainly attributable to the greater sales of humic acid fertilizer products, including our liquid and powder fertilizers, as a result of our increased distributors and the aggressive marketing strategy.

Cost of goods sold increased $3.2 million, or 7.0%, to $48.5 million for the three months ended June 30, 2014, as compared to $45.3 million in the same period last year; gross profit decreased by $0.8 million, or 3.2%, to $23.7 million as compared to $24.5 million in the same period last year; gross profit margin was approximately 32.9% and 35.1% of net sale for the three months ended June 30, 2014 and 2013, respectively; selling expenses were $10.5 million, or 14.5%, as compared to $4.3 million, or 6.2% of net sales for the same period last year, an increase of $6.2 million, or 142.5%.

Besides, general and administrative expenses were $3.1 million or 4.4% of net sales, as compared to $2.3 million, or 3.3% of net sales in the same period of last year, an increase of $0.8 million or 39.8%; total operating expenses as a percentage of sales were 23.7%, as compared to 9.5% in the same period of last year; operating income was $6.6 million, a decrease of $11.3 million or 63.3%, from $17.9 million in the same period last year. Operating margin was 9.1%, compared to 25.8% in the same quarter of Fiscal Year 2013.

Finally, net income was $4.3 million, a decrease of $10.0 million or 75.3% as compared to $14.3 million in the same period last year. The decrease was attributable to the increase in selling expenses and impairment expenses.

Fiscal Year 2014 Results of Operations

For the year ended June 30, 2014, the company’s total net sales were $233,402,088, an increase of $16,504,132, or 7.6%, from $216,897,956 for the year ended June 30, 2013, due to an increase in Gufeng’s and Jinong’s net sales: Jinong’s net sales increased $7,121,011, or 6.4%, to $117,706,033 from $110,585,022 for the year ended June 30, 2013. This increase was mainly attributable to the greater sales of humic acid fertilizer products including our liquid and powder fertilizers during this period as a result of our increased distributors and the aggressive marketing strategy; net sales at Gufeng were $112,011,233, an increase of $9,095,819 or 8.8%, from $102,915,414 for the year ended June 30, 2013. The increase was mainly attributable to Gufeng’s expanded its marketing promotion strategy; Yuxing’s net sales were $3,684,822, an increase of $287,302 or 8.5%, from $3,397,520 in the same period of last year. The increase was mainly attributable to the development in sales of Yuxing’s top-grade flowers.

Total cost of goods sold for the year ended June 30, 2014 was $142,203,315, an increase of $4,689,213, or 3.4%, from $137,514,102 for the year ended June 30, 2013. Among which, cost of goods sold by Jinong was $48,629,095, a decrease of $3,254,840, or 6.3%, from $51,883,935 for the year ended June 30, 2013. The decrease was primarily attributable to lower product costs for the mix of products being sold; cost of goods sold by Gufeng was $90,748,540, an increase of $7,728,093, or 9.3%, from $83,020,447 for the year ended June 30, 2013. The increase was proportional to Gufeng’s sales increase for the year ended June 30, 2014; cost of goods sold by Yuxing was $2,825,680, an increase of $215,960, or 8.3%, from $2,609,720 in the same period of last year. The increase was proportional to Yuxing’s increased sales for the year ended June 30, 2014.

Total gross profit for the year ended June 30, 2014 increased by $11,814,919 to $91,198,773, as compared to $79,383,854 for the year ended June 30, 2013. Gross profit margin was 39.1% and 36.6% for the year ended June 30, 2014 and 2013, respectively. Among which, gross profit generated by Jinong increased by $10,375,851, or 17.7%, to $69,076,938 from $58,701,087 for the year ended June 30, 2013. Gross profit margin from Jinong’s sales was approximately 58.7% and 53.1% for the year ended June 30, 2014 and 2013, respectively. The increase was mainly due to the increased weight for higher-margin products sales in Jinong’s total sales; gross profit generated by Gufeng was $21,262,693, an increase of $1,367,726, or 6.9%, from $19,894,967 for the year ended June 30, 2013. Gross profit margin from Gufeng’s sales was approximately 19.0% and 19.3% for the year ended June 30, 2014 and 2013, respectively. The decrease was not significant; lastly, gross profit generated by Yuxing was $859,142, an increase of $71,342, or 9.1%, from $787,800 for the year ended June 30, 2013. The gross profit margin was approximately 23.3% and 23.2% for the year ended June 30, 2014 and 2013, respectively. The increase was not significant.

Our selling expenses consisted primarily of salaries of sales personnel, advertising and promotion expenses, freight-out costs and related compensation. Selling expenses were $36,203,414, or 15.5%, of net sales for the year ended June 30, 2014, as compared to $14,365,869 or 6.6% of net sales for the year ended June 30, 2013, an increase of $22,697,397, or 158.0%. The selling expenses of Gufeng were $1,304,511 or 1.16% of Gufeng’s net sales as compared to $1,136,672, or 1.10% of Gufeng’s net sales for the year ended June 30, 2013; The selling expenses of Jinong were $34,848,143 or 29.60% of Jinong’s net sales, as compared to selling expenses of $13,168,541, or 11.91% of Jinong’s net sales for the year ended June 30, 2013. Most of this increase in Jinong’s selling expenses was due to the amortization of $27,390,957 of the deferred assets, as compared to $9,970,715 for the year ended June 30, 2013, which was related to our business strategy implemented since the first quarter of Fiscal Year 2014 to assisting the distributors in certain marketing efforts and developing standard stores to expand our competitive advantage and market shares.

General and administrative expenses consisted primarily of related salaries, rental expenses, business development, depreciation and travel expenses incurred by our general and administrative departments and legal and professional expenses including expenses incurred and accrued for certain litigations. General and administrative expenses were $14,515,884, or 6.2% of net sales for the year ended June 30, 2014, as compared to $9,632,523, or 4.4%, of net sales for the year ended June 30, 2013, an increase of $4,883,361, or 50.7%. The increase was mainly due to the related expense in the stock compensation awarded to the employees which amounted to $8,119,724 as compared to $3,489,687 for the year ended June 30, 2013.

Finally, net income for the year ended June 30, 2014 was $25,514,695, a decrease of $19,259,353, or 43.0%, compared to $44,774,048 for the year ended June 30, 2013. The decrease was attributable to the increase in selling expenses and the impairment charge related to the write-down of assets held for sale. Net income as a percentage of total net sales was approximately 10.9% and 20.6% for the year ended June 30, 2014 and 2013, respectively.

Financial Condition

As of June 30, 2014, the Company held cash and cash equivalents of $26.9 million, a decrease of $48.1 million compared to $75.0 million as of June 30, 2013. The decrease in cash and cash equivalents was due to the incurrence of deferred assets of $61,799,672, as compared to $5,093,448 as of June 30, 2013. This was a result of the advance made by Jinong to the distributors in marketing the Company’s products with credit guarantee by Mr. Tao Li, Chairman and CEO of the Company. The Company had $24.0 million in short-term loans as of June 30, 2014, an increase of $7.9 million, as compared to $16.1 million  as of June 30, 2013. Net accounts receivable was $88.8 million, an increase of $3.5 million as compared to $85.3 million for the same period last year.

Others

On August 12, 2014, the United States District Court for the State of Nevada gave its final approval to the settlement of the securities class action pending against the Company and certain of its current and former officers and directors since October 15, 2010.  As a result, all securities law claims that had been filed against the Company have now been resolved and dismissed.

First Fiscal Quarter 2015 and Fiscal Year 2015 Guidance

For the first quarter ending September 30, 2014, management expects net sales of $50.7 to $54.3 million, net income of $5.9 to $7.8 million, and EPS of $0.18 to $0.24 based on 32.4 million fully diluted shares. For the Fiscal Year  2015, management expects net sales of $254.7 million to $268.8 million, net income of $26 million to $35.1 million, and an EPS of $0.8 to $1.08 based on 32.4 million fully diluted shares.

Conference Call

The Company will hold a conference call at 8:00 a.m. ET on Friday, September 12, 2014. Any interested participants are welcome to join in the call by following the dial-in details as set out below. When prompted by the operator, please indicate “China Green Agriculture’s Fiscal Year 2014 Financial Results” to join the call.

The call is being webcast by Vcall and can be accessed at China Green Agriculture’s website at http://www.ir-site.com/cgagri/events.asp. Investors can also access the webcast at http://www.InvestorCalendar.com.

A playback will be available through October 12, 2014. To listen, please call 1- 877-660-6853 within the United States or 1- 201-612-7415 when calling internationally. Replay Passcodes (both required for playback): Account #: 286; Conference ID #: 13590787.

About China Green Agriculture, Inc.

The Company produces and distributes humic acid-based compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow-release fertilizers, highly concentrated water soluble fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly-owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd. (“Gufeng”) and a variable interest entity, Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (“Yuxing”). Jinong produced and sold 125 different kinds of fertilizer products as of June 30, 2014, all of which are certified by the government of the People’s Republic of China (“PRC”) as “Green Food Production Materials”, as certified by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products through 926 distributors in 27 provinces, four autonomous regions, and 3 central government controlled municipalities in PRC. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizers, blended fertilizers, organic compound fertilizers, and mixed organic-inorganic compound fertilizers. As of June 30, 2014, Gufeng produced and sold 328 different kinds of fertilizer products, and marketed its products through 263 distributors among China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, a satisfactory conclusion of the pending securities class action litigation and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.

For more information, please contact:

China Green Agriculture, Inc.
Mr. Fang Wang (English and Chinese)
Tel: +86-29-88266383
Email: wangfang@cgagri.com