Archive for December, 2016

$AMRK to Hold Annual Meeting of Stockholders Jan 26

SANTA MONICA, Calif., Dec. 30, 2016  — A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, will hold its 2017 Annual Meeting of Stockholders on Thursday, January 26, 2017 at 9:00 a.m. Pacific time.

The meeting will take place at the Hotel Casa Del Mar located at 1910 Ocean Way in Santa Monica, California. Stockholders of record at the close of business on December 19, 2016, are entitled to attend and vote at the Annual Meeting. A-Mark management will provide an operational update and discuss the company’s growth strategy and strategic initiatives for fiscal 2017. The meeting is also being held for the following purposes:

  • to elect eight directors to serve for a term of one year (until the 2018 Annual Meeting of Stockholders) and until their respective successors have been duly elected and qualified;
  • to vote, on an advisory basis, to approve the compensation of named executive officers for fiscal 2016 of A-Mark Precious Metals, Inc.;
  • to vote to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the fiscal year ending June 30, 2017; and
  • to transact such other business as may be properly brought before the meeting and any adjournment or postponement thereof.

Stockholders are strongly encouraged to complete, date, sign, and return the proxy materials via mail or follow the instructions for internet voting in the proxy statement.

About A-Mark Precious Metals
A-Mark Precious Metals, Inc. is a full-service precious metals trading company and an official distributor for many government mints throughout the world. The company offers gold, silver, platinum and palladium in the form of bars, plates, powder, wafers, grain, ingots and coins. Its Industrial unit services manufacturers and fabricators of products utilizing or incorporating precious metals, while its Coin & Bar unit deals in over 200 coin and bar products in a variety of weights, shapes and sizes for distribution to dealers and other qualified purchasers. The company operates trading centers in Santa Monica, California, and Vienna, Austria, for buying and selling precious metals.

In addition to wholesale and trading activity, A-Mark offers customers a variety of services, including financing, consignment and various customized financial programs. As a U.S. Mint-authorized purchaser of gold, silver and platinum coins, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has distributorships with other sovereign mints, including in Australia, Austria, Canada, China, Mexico and South Africa. Customers of A Mark include mints, manufacturers and fabricators, refiners, coin and metal dealers, banks and other financial institutions, jewelers, investors and collectors. For more information about A-Mark Precious Metals, visit www.amark.com.

Through its subsidiary Collateral Finance Corporation, a licensed California Finance Lender, the company offers loans collateralized by numismatic and semi-numismatic coins and bullion to coin and metal dealers, investors and collectors. Through its Transcontinental Depository Services subsidiary, it offers a variety of managed storage options for precious metals products to financial institutions, dealers, investors and collectors around the world. Through its A-M Global Logistics subsidiary, the company provides its customers an array of complementary services, including storage, shipping, handling, receiving, processing, and inventorying of precious metals and custom coins on a secure basis.

A-Mark recently acquired a majority stake in a joint venture, AM&ST Associates, LLC (AM&ST), which concurrently acquired the entire minting business from Indiana-based SilverTowne Mint, a leading producer of fabricated silver bullion and specialty products. SilverTowne Mint continues to hold a non-majority stake in the joint venture. A-Mark has entered into an exclusive distributorship agreement with AM&ST and intends to leverage AM&ST’s fabrication capabilities and extensive coin die portfolio to expand its custom coin programs, as well as introduce new custom products for individual customers. For more information about SilverTowne Mint, please visit www.silvertownemint.com.

Company Contact:
Thor Gjerdrum, President
A-Mark Precious Metals, Inc.
310-587-1414
thor@amark.com

Investor Relations Contact:
Matt Glover or Najim Mostamand
Liolios Group, Inc.
949-574-3860
AMRK@liolios.com
Friday, December 30th, 2016 Uncategorized Comments Off on $AMRK to Hold Annual Meeting of Stockholders Jan 26

$BGNE Announces First #BGBA317 Patient Dosing in #China

BEIJING, Dec. 30, 2016  — BeiGene, Ltd. (NASDAQ:BGNE), a clinical-stage biopharmaceutical company developing molecularly-targeted and immuno-oncology drugs for the treatment of cancer, today announced the dosing of the first patient in a Phase I clinical trial of BGB-A317, an anti-PD-1 monoclonal antibody, in mainland Chinese patients with advanced solid tumors.

“We are pleased to report that BGB-A317 is now in Phase I clinical evaluation in mainland China. To date, all four of our clinical-stage molecules are active in the clinic in China. We are enthusiastic about the agent’s therapeutic potential, with promising data from an ongoing Phase I study of BGB-A317 in Australia, New Zealand, the United States, and Taiwan recently reported at the 2016 Society for Immunotherapy of Cancer Annual Meeting. We are committed to developing BGB-A317 for patients in China, where this exciting class of immuno-oncology agents is still not approved,” commented John V. Oyler, Founder, Chief Executive Officer, and Chairman.

The Phase I open-label, multi-center study of BGB-A317 is designed to investigate the safety, tolerability, pharmacokinetics, and preliminary antitumor activity of BGB-A317 in Chinese patients with advanced solid tumors. Professor Yilong Wu from Guangdong General Hospital is the lead principal investigator of the study. The co-lead investigators are Professor Lin Shen and Professor Jun Guo, both of Beijing Cancer Hospital.

About BGB-A317

BGB-A317 is an investigational humanized monoclonal antibody that belongs to a class of immuno-oncology agents known as immune checkpoint inhibitors. It is designed to bind to PD-1, a cell surface receptor that plays an important role in downregulating the immune system by preventing the activation of T-cells. BGB-A317 has high affinity and specificity for PD-1, and we believe it is differentiated from the currently approved PD-1 antibodies with the ability to bind Fc gamma receptor I specifically engineered out. BGB-A317 is being developed as a monotherapy and in combination with other therapies for the treatment of various cancers.

About BeiGene

BeiGene is a global, clinical-stage, research-based biotechnology company focused on molecularly targeted and immuno-oncology cancer therapeutics. With a team of over 300 scientists, clinicians and staff in mainland China, the United States, Australia and Taiwan, BeiGene is advancing a pipeline consisting of novel oral small molecules and monoclonal antibodies for cancer. BeiGene is working to create combination solutions aimed to have both a meaningful and lasting impact on cancer patients.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the encouraging clinical data of BGB-A317, the potential implications of these data for the future development of BGB-A317, and BeiGene’s advancement of, and anticipated clinical development and regulatory milestones and plans related to BGB-A317. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials; BeiGene’s ability to achieve market acceptance in the medical community necessary for commercial success; BeiGene’s ability to obtain and maintain protection of intellectual property for its technology and drugs; BeiGene’s reliance on third parties to conduct preclinical studies and clinical trials; BeiGene’s limited operating history and BeiGene’s ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates, as well as those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent quarterly report on Form 10-Q, as well as discussions of potential risks, uncertainties, and other important factors in BeiGene’s subsequent filings with the U.S. Securities and Exchange Commission.  All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.

Investor/Media Contact

Lucy Li, Ph.D.
+1 781-801-1800
ir@beigene.com 
media@beigene.com
Friday, December 30th, 2016 Uncategorized Comments Off on $BGNE Announces First #BGBA317 Patient Dosing in #China

$ICON Announces Agreement to #Divest #SharperImage Brand

NEW YORK, Dec. 30, 2016  — Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), today announced that it has signed an agreement to sell the rights to the Sharper Image brand and related intellectual property assets to ThreeSixty Group, the brand’s largest licensee, for $100 million in cash.

John Haugh, Chief Executive Officer of Iconix, commented, “Sharper Image is a strong and widely recognized brand, however, consistent with the vision we outlined during our recent investor day, Sharper Image did not fit into our go-forward strategy. After careful consideration, we determined that we could better leverage our resources and generate greater returns by focusing on other areas of the business. This transaction generates a significant return on investment, and allows us to make progress on de-levering the balance sheet, which is a top priority. Portfolio management will continue to be a key focus for the Company; Sharper Image is the second brand that Iconix has sold this year.”

The Company plans to use the net proceeds from this transaction plus additional cash to pay down approximately $115 million of debt, a portion of which will be used to pay down the Company’s Senior Secured Notes issued under the Company’s securitization facility and a portion of which will be used to pay down the Company’s Senior Secured Term Loan.

This transaction is expected to close on December 30, 2016. This transaction is not reflected in the Company’s current guidance; however, the Company expects to record a gain on this transaction. For 2017, the Company expects the net impact of the sale of the Sharper Image brand and the repayment of debt to be neutral to earnings.

About Iconix Brand Group, Inc.

Iconix Brand Group, Inc. owns, licenses and markets a portfolio of consumer brands including: CANDIE’S (R), BONGO (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), MOSSIMO (R), LONDON FOG (R), OCEAN PACIFIC (R), DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R), WAVERLY (R), ZOO YORK (R), UMBRO (R), LEE COOPER (R), ECKO UNLTD. (R), MARC ECKO (R), ARTFUL DODGER and STRAWBERRY SHORTCAKE (R). In addition, Iconix owns interests in the MATERIAL GIRL (R), PEANUTS (R), ED HARDY (R), TRUTH OR DARE (R), MODERN AMUSEMENT (R), BUFFALO (R), NICK GRAHAM (R) and PONY (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments, Iconix manages its brands to drive greater consumer awareness and equity.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include projections regarding the Company’s beliefs and expectations about future performance and, in some cases, may be identified by words like “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek” and similar terms or phrases. These statements are based on the Company’s beliefs and assumptions, which in turn are based on information available as of the date of this press release. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement and could harm the Company’s business, prospects, results of operations, liquidity and financial condition and cause its stock price to decline significantly. Many of these factors are beyond the Company’s ability to control or predict. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements include, among others: the ability of the Company to successfully complete the sale of the Sharper Image brand, the ability of the Company’s licensees to maintain their license agreements or to produce and market products bearing the Company’s brand names, the Company’s ability to retain and negotiate favorable licenses, the Company’s ability to meet its outstanding debt obligations and the events and risks referenced in the sections titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 and subsequent Quarterly Reports on Form 10-Q and in other documents filed or furnished with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements.

Contact Information:

Jaime Sheinheit
Iconix Brand Group
jsheinheit@iconixbrand.com
212.730.0030

Friday, December 30th, 2016 Uncategorized Comments Off on $ICON Announces Agreement to #Divest #SharperImage Brand

$CETX to Showcase #IS2500 Monitor at #EUEC Conference

FARMINGDALE, N.Y., Dec. 30, 2016 — Cemtrex Inc. (Nasdaq: CETX), a world leading industrial and manufacturing solutions company, announced today that it will show case its IS-2500 In-situ monitor as a Special Sponsor in the upcoming EUEC 2017 (Energy, Utility and Environment Conference) from Feb 8-10th in San Diego, CA.

The IS-2500 provides direct in-situ measurements with real time online process measurements designed to avoid the extensive gas sample extraction and conditioning associated with conventional monitors which add to the cost, maintenance and cause delay in process controls.  Industrial facilities are now able to balance between ‘product give away’ and ‘off-spec’ products which results in enormous savings that pays back the cost of the IS-2500 system within a very short time. IS-2500 incorporates advanced Electro-optics and NDIR Technology, and therefore has very low CAPEX and OPEX compared to other available technologies in the market today.

“The global market for environmental monitoring & process automation has been growing steadily at a CAGR of 3.34% from 2014 and is expected to reach $19 billion by 2020; thus we are looking forward to double digit growth for IS-2500 due to need for automation, productivity improvements and process optimization in Industries such as:  chemicals, oil & gas, water treatment, pharmaceutical, cement, energy and utilities,” said Saagar Govil, Chairman & CEO  of Cemtrex. “We are also in dialog with multi-national companies like ABB, Rosemount and Siemens for possible OEM partnerships to expand our markets globally,” continued Mr. Govil.

About Cemtrex

Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.
www.cemtrex.com

Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. This release may contain Non-GAAP financial information and is not calculated or presented in accordance with US GAAP. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company’s management regularly uses these supplemental non-GAAP financial measures internally to understand, manage, and evaluate the Company’s business and make operating decisions.

For further information, please contact:

Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
139531@email4pr.com

Friday, December 30th, 2016 Uncategorized Comments Off on $CETX to Showcase #IS2500 Monitor at #EUEC Conference

$PME CFO Interviewed by Phoenix Satellite TV

FUZHOU, China, Dec. 30, 2016  — Pingtan Marine Enterprise Ltd. (Nasdaq: PME), (“Pingtan,” or the “Company”) a global fishing company based in the People’s Republic of China (PRC), today announced that the Company’s Chief Financial Officer, Mr. Roy Yu has been interviewed by Phoenix Satellite TV North America Chinese Channel (“Phoenix TV US”) and will be featured in one of its weekly finance TV programs.

This interview will be part of a weekly finance TV program of Phoenix TV US, and will be broadcast during the episodes of January 6, 2017, January 13, 2017 and January 20, 2017, and the broadcast time for the program will be at 7:30PM to 8:30PM EST and archived thereafter. The language used in this interview is Mandarin, and the Company will provide the video links and English translated transcript of the interview to the Company’s website once it becomes available.

About Phoenix Satellite TV

Phoenix Satellite TV began to broadcast on March 31, 1996, a multi-channel television broadcaster, with the Phoenix Chinese Channel, the Phoenix InfoNews Channel, the Phoenix Chinese News and Entertainment Channel which broadcasts in Europe, the Phoenix North American Chinese Channel, the Phoenix Movie Channel and the Phoenix Hong Kong Channel.

For more information regarding Phoenix Satellite TV, please visit:

http://phtv.ifeng.com/english.shtml

About Pingtan

Pingtan is a global fishing company engaging in ocean fishing through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.

Business Risks and Forward-Looking Statements

This press release may contain forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934, Please refer to the risk factors contained in Pingtan’s SEC filings available at www.sec.gov, including Pingtan’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Pingtan undertakes no obligation to update or revise any forward-looking statements for any reason.

CONTACT:

Roy Yu
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
ryu@ptmarine.net

INVESTOR RELATIONS:

The Equity Group Inc.

Adam Prior, Senior Vice President
Tel: (212) 836-9606
aprior@equityny.com

In China

Katherine Yao, Senior Associate
Tel: +86 10 6587 6435
kyao@equityny.com

Friday, December 30th, 2016 Uncategorized Comments Off on $PME CFO Interviewed by Phoenix Satellite TV

$SPCB Awarded $9 Million web-based Land and Geographical Registration #IMS

Project expected to commence today and be completed within 18 months

HERZLIYA, Israel, December 30, 2016  —

SuperCom (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced that it, together with its local partner, has been awarded by a new large Latin America government customer a contract to migrate and implement nationwide SuperCom’s proprietary state-of-the-art, secured web-based Land and Geographical Registration and Information Management System.

The project was won through a formal competitive bid process with other established industry players. The project is expected to start today, December 30th, 2016, and to be completed by July 2018. SuperCom expects to recognize the majority of the contract value in 2017.

The first stage of the contract, migration and software customization of SuperCom’s web-based LIS (“Land Information System”) and GIS (“Geographical Information System”) platform is expected to commence today. According to project timelines, within 8 months the next stage will commence consisting of a full nationwide implementation and deployment of the cloud-based system together with our local partner.

“We are very proud to be selected by the government of this large and important South American country to implement our Secured LIS and GIS platform nationwide as part of very important Land Registry e-Government process,” commented Arie Trabelsi, SuperCom’s President and CEO. “We, together with our local partner, have been given an opportunity to deploy our technology as part of a meaningful government process and gain trust while building a new and strong relationship with this nation.”

“As we close 2016, we are humbled by the numerous new government customers across the world who have chosen SuperCom this year, and we are prepared to leverage these relationships and our array of innovative technologies to grow our business in 2017 and years to come,” concluded Mr. Trabelsi.

About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

SuperCom’s website: http://www.supercom.com

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. Statements preceded or followed by or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading “Forward Looking Statements” and those factors captioned as “Risk Factors” in the Company’s periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company’s independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Company Contact:
Ordan Trabelsi, President, Americas
Tel: +1 212 675 4606

Friday, December 30th, 2016 Uncategorized Comments Off on $SPCB Awarded $9 Million web-based Land and Geographical Registration #IMS

$MPVD #MountainProvinceDiamonds Announces #NASDAQ #TickerSymbolChange

Shares Issued and Outstanding: 159,808,833
TSX: MPV
NASDAQ: MPVD

TORONTO and NEW YORK, Dec. 29, 2016  – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPV, NASDAQ: MPVD) announced that effective today the trading symbol on the NASDAQ for Mountain Province Diamonds is ″MPVD″.

There is no action required by current shareholders in connection with this change. There is no change in the Company’s name, no change in its CUSIP number and no changes made to the Company’s share capital.

****

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats.

Gahcho Kué is the world’s largest and highest grade new diamond mine. A 2014 NI 43-101 feasibility study report filed by Mountain Province (available on SEDAR) indicates that the Gahcho Kué project has an IRR of 32.6%.

Mountain Province’s share of the diamond production from the Gahcho Kué mine will be sold on open tender in Antwerp through the respected diamond broker, Bonas. The Company’s first rough diamond sale will take place in January, 2017, and approximately every five weeks thereafter.

Qualified Person
This news release has been prepared under the supervision of Carl G. Verley, P.Geo., who serves as the qualified person under National Instrument 43-101.

Forward-Looking Statements
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian and US securities legislation. Forward-looking information includes, but is not limited to, the Company’s strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Thursday, December 29th, 2016 Uncategorized Comments Off on $MPVD #MountainProvinceDiamonds Announces #NASDAQ #TickerSymbolChange

$HYGS Chosen for #FuelCell Award in #China

Initial Contract Value of $4 Million, with Follow-On Awards Expected in 2017

MISSISSAUGA, Ontario, Dec. 29, 2016 — Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it has been selected by one of its certified integrator partners in China for a fuel cell order to power buses throughout a number of major metropolitan areas. The initial size of the contract is estimated to be worth $4 million, although significant follow-on awards are anticipated in 2017. Additional terms were not disclosed. This latest win builds on Hydrogenics’ expansion into China, first announced in 2015, that includes partnering with a number of electric vehicle integrators to bring fuel cell and fueling station technology to the country. The Chinese market is growing rapidly due to the dedication of the Chinese government to combat smog and global warming.

“We are very pleased to announce this latest award in China, where we are seeing the fruits of our labor as the country continues to aggressively pursue initiatives to improve air quality,” said Hydrogenics’ CEO Daryl Wilson. “One of our certified integrator partners will purchase a large quantity of fuel cell power modules for their end customers, who will use them in buses of various sizes and designs. The country’s leadership continues to see the value of zero-emission vehicles as part of an overall plan to dramatically reduce air pollution nationwide, and fuel cell incentives are being offered at a level equivalent to batteries. In addition, fuel cells offer a greater range of mobility and more rapid fueling than batteries, last longer, and can be an integral part of a carbon neutral program if sustainable resources are also used to generate the hydrogen fuel itself. Hydrogenics remains a compelling choice given our technology leadership in heavy-duty fuel cells as well as the scope of our applications – which span from energy storage to large-scale hydrogen-based energy production. Our orders in China and expanding presence there lay the foundation for even larger contracts in the quarters to come; I can clearly say that 2017 will be the biggest year ever for us in China but, again, remains the tip of the iceberg for this tremendous market.”

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements
This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, and under applicable Canadian securities law. These statements are based on management’s current expectations and actual results may differ from these forward-looking statements due to numerous factors, including: our inability to increase our revenues or raise additional funding to continue operations, execute our business plan, or to grow our business; inability to address a slow return to economic growth, and its impact on our business, results of operations and consolidated financial condition; our limited operating history; inability to implement our business strategy; fluctuations in our quarterly results; failure to maintain our customer base that generates the majority of our revenues; currency fluctuations; failure to maintain sufficient insurance coverage; changes in value of our goodwill; failure of a significant market to develop for our products; failure of hydrogen being readily available on a cost-effective basis; changes in government policies and regulations; failure of uniform codes and standards for hydrogen fuelled vehicles and related infrastructure to develop; liability for environmental damages resulting from our research, development or manufacturing operations; failure to compete with other developers and manufacturers of products in our industry; failure to compete with developers and manufacturers of traditional and alternative technologies; failure to develop partnerships with original equipment manufacturers, governments, systems integrators and other third parties; inability to obtain sufficient materials and components for our products from suppliers; failure to manage expansion of our operations; failure to manage foreign sales and operations; failure to recruit, train and retain key management personnel; inability to integrate acquisitions; failure to develop adequate manufacturing processes and capabilities; failure to complete the development of commercially viable products; failure to produce cost-competitive products; failure or delay in field testing of our products; failure to produce products free of defects or errors; inability to adapt to technological advances or new codes and standards; failure to protect our intellectual property; our involvement in intellectual property litigation; exposure to product liability claims; failure to meet rules regarding passive foreign investment companies; actions of our significant and principal shareholders; dilution as a result of significant issuances of our common shares and preferred shares; inability of US investors to enforce US civil liability judgments against us; volatility of our common share price; and dilution as a result of the exercise of options; and failure to meet continued listing requirements of Nasdaq. Readers should not place undue reliance on Hydrogenics’ forward-looking statements. Investors are encouraged to review the section captioned “Risk Factors” in Hydrogenics’ regulatory filings with the Canadian securities regulatory authorities and the US Securities and Exchange Commission for a more complete discussion of factors that could affect Hydrogenics’ future performance. Furthermore, the forward-looking statements contained herein are made as of the date of this release, and Hydrogenics undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, unless otherwise required by law. The forward-looking statements contained in this release are expressly qualified by this.

 

 

For further information, contact:

Bob Motz, Chief Financial Officer
Hydrogenics Corporation
(905) 361-3660
investors@hydrogenics.com

Chris Witty
Hydrogenics Investor Relations 
(646) 438-9385
cwitty@darrowir.com
Thursday, December 29th, 2016 Uncategorized Comments Off on $HYGS Chosen for #FuelCell Award in #China

$PBMD Initial #Clinical Data From Combination of #IMP321 With #AntiPD1

SYDNEY, AUSTRALIA–(Dec 29, 2016) – Prima BioMed Ltd (ASX: PRR) (NASDAQ: PBMD) (“Prima” or the “Company”) today announced interim data for its TACTI-mel (Two ACTive Immunotherapeutics in melanoma) clinical trial program for IMP321 in unresectable or metastatic melanoma patients. The Database Safety Monitoring Board (DSMB) confirmed that IMP321 is safe and well tolerated at the first dose level when used in combination with a PD-1 blocking antibody and dose escalation can continue as planned.

In this first-in-man combination Phase I study, IMP321 is combined with the PD-1 checkpoint inhibitor pembrolizumab (KEYTRUDA®). Patients with unresectable or metastatic melanoma that had suboptimal or no responses to KEYTRUDA have been receiving IMP321 plus KEYTRUDA to help boost their immune responses and increase the tumour response rate to KEYTRUDA. Initial data show no safety concerns from the combination with IMP321 at 1 mg dosage. No drug related serious adverse events have been reported and the DSMB approved the continuance of the dose escalation as planned. The trial will now proceed to the next dose level of 6 mg.

Prima’s Chief Medical Officer, Dr Frédéric Triebel, said: “The majority of metastatic melanoma patients do not respond well to KEYTRUDA, a key reason being that their tumours are poorly infiltrated by activated T cells expressing PD-1. By introducing IMP321, a first-in-class Antigen Presenting Cell (APC) activator, these patients may now be able to repopulate their tumour with more activated T cells which are responsive to KEYTRUDA. So, by combining the effect of ‘pushing the gas’ with IMP321 and ‘releasing the brake’ with KEYTRUDA we propose a rational therapeutic approach to increase the response rate by further boosting anti-tumour CD8 T cells.”

Further data updates in terms of safety and activity could be expected throughout 2017.

About IMP321

IMP321, a first-in-class Antigen Presenting Cell (APC) activator based on the immune checkpoint LAG-3, represents one of the first proposed active immunotherapy drugs in which the patient’s own immune system is harnessed to respond to tumour antigenic debris created by chemotherapy. As an APC activator IMP321 boosts the network of dendritic cells in the body that can respond to tumour antigens for a better anti-tumour CD8 T cell response.

About Prima BioMed

Prima BioMed is listed on the Australian Securities Exchange and on the NASDAQ in the US. For further information please visit www.primabiomed.com.au.

For further information please contact:

U.S. Investors:
Matthew Beck
The Trout Group LLC
+1 (646) 378-2933
mbeck@troutgroup.com

Australian Investors/Media:
Mr Matthew Gregorowski
Citadel-MAGNUS
+61 2 8234 0105
mgregorowski@citadelmagnus.com

Thursday, December 29th, 2016 Uncategorized Comments Off on $PBMD Initial #Clinical Data From Combination of #IMP321 With #AntiPD1

$XGTI $XGTIW Announces #ClosingDate on #Vislink #Acquisition

SARASOTA, Fla., Dec. 29, 2016  — xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a leader in providing critical wireless communications for use in challenging operating environments, announced today that the closing on the previously-announced acquisition of Vislink Communication Systems (“Vislink”) has been scheduled for January 9, 2017. This will coincide with Vislink’s general meeting and shareholder vote on the acquisition agreement that will take place the same day.

xG Technology originally announced the Vislink acquisition on Oct. 20, 2016, and announced the signing of the final definitive business purchase agreement on Dec. 19, 2016.

About xG Technology, Inc.

Founded in 2002, xG Technology has developed technologies that enable always-available, always-connected and always-secure voice, broadband data and video communications. The company’s brand portfolio includes xMax and Integrated Microwave Technologies (IMT).

xMax is a patented all-IP, software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. It provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR), making it ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xMax offers solutions for numerous industries worldwide, including military, emergency response and public safety, telemedicine and critical infrastructure.

IMT is a leading provider of mission-critical video solutions, advanced digital microwave systems and engineering, integration, installation and commissioning services serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets. Since its inception, IMT has focused on building a product portfolio that incorporates a high level of performance, reliability and build quality, extended operating ranges and compact form factors. IMT’s product lines include digital broadcast microwave video systems, compact microwave video equipment for licensed and license-free sports and entertainment applications, and wireless video solutions designed for use by state, local and federal police departments. More information on IMT can be found at www.imt-solutions.com.

Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market (symbol: XGTI) For more information, please visit www.xgtechnology.com

Cautionary Statement Regarding Forward Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties.  These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

Thursday, December 29th, 2016 Uncategorized Comments Off on $XGTI $XGTIW Announces #ClosingDate on #Vislink #Acquisition

$SHLD Announces Secured Standby Letter Of #CreditFacility

HOFFMAN ESTATES, Ill., Dec. 29, 2016  — Sears Holdings Corporation (NASDAQ: SHLD) today announced that it has obtained a secured standby letter of credit facility (the “LC Facility”), which provides the Company with additional liquidity to fund its operations.  The LC Facility will allow the Company to request standby letters of credit in an initial amount of up to $200 million and may be expanded at the request of the Company and with the consent of the lenders under the facility by up to an additional $300 million. The LC Facility is being provided by JPP, LLC and JPP II, LLC, which are affiliates of ESL Investments, Inc., with Citibank, N.A. serving as administrative agent and issuing bank.

“As Sears Holdings has consistently shown, we will take actions to adjust our capital structure, generate liquidity and manage our business to enable us to execute on our transformation while meeting all of our financial obligations. This new standby letter of credit facility further demonstrates that Sears Holdings has numerous options to finance our business strategy,” said Jason M. Hollar, Sears Holdings’ chief financial officer.

The terms of the LC Facility were approved by the Related Party Transactions Subcommittee of the Board of Directors of the Company, with advice from Centerview Partners and Weil Gotshal & Manges, the Subcommittee’s outside financial and legal advisors.

Forward-Looking Statements
This press release contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about our transformation through our integrated retail strategy, our plans to redeploy and reconfigure our assets, our liquidity, and our ability to exercise financial flexibility as we meet our obligations. Whenever used, words such as “will,” “expect,” and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements, including these, are based on the current beliefs and expectations of our management and are subject to significant risks, assumptions and uncertainties, many of which are beyond the Company’s control, that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Detailed descriptions of risks, uncertainties and factors relating to Sears Holdings are discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While we believe that our forecasts and assumptions are reasonable, we caution that actual results may differ materially. We intend the forward-looking statements to speak only as of the time made and do not undertake to update or revise them as more information becomes available, except as required by law.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

Thursday, December 29th, 2016 Uncategorized Comments Off on $SHLD Announces Secured Standby Letter Of #CreditFacility

$ELGX #Resumes #Shipments and Procedures with #AFX and Some Sizes of #AFX2

Schedules Conference Call for December 30, 2016 at 9:00 am ET

IRVINE, Calif., Dec. 29, 2016  — Endologix, Inc. (Nasdaq:ELGX), developer and marketer of innovative treatments for aortic disorders, today provided an update on the previously announced temporary hold on shipments of its AFX® and AFX2® Endovascular AAA Systems.  Based upon positive testing results, the company has removed the temporary hold on all sizes of the AFX Endovascular AAA System and some sizes of the AFX2 Endovascular AAA System, which will allow these products to be shipped to customers and used in procedures, effective immediately.  Testing and process improvements for the remaining sizes of the AFX2 system are on-going.

The Company also announced that it will host a conference call and webcast on Friday, December 30, 2016 at 9:00 am ET to provide an update on the business and more details on AFX.

Conference Call and Webcast Information
Endologix’s management will host a conference call today at 9:00 am ET. To participate via telephone please call 1-888-801-6492 from the U.S. or 1-913-312-6665 from outside the U.S. (conference ID# 7972936). A telephone replay will be available for seven days following the completion of the call by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 from outside the U.S., and entering pin number 7972936. The conference call will be broadcast live over the Internet at www.endologix.com. After the live webcast, a webcast replay of the call and a transcript of the call will be available online from the investor relations page of Endologix’s website through December 30, 2017.

About Endologix, Inc.
Endologix, Inc., develops and manufactures minimally invasive treatments for aortic disorders. The Company’s focus is endovascular stent grafts for the treatment of abdominal aortic aneurysms (AAA). AAA is a weakening of the wall of the aorta, the largest artery in the body, resulting in a balloon-like enlargement. Once AAA develops, it continues to enlarge and, if left untreated, becomes increasingly susceptible to rupture. The overall patient mortality rate for ruptured AAA is approximately 80%, making it a leading cause of death in the United States. Additional information can be found on Endologix’s website at www.endologix.com.

Forward-Looking Statements
This communication includes statements that may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the temporary hold on, and resumption of shipments of AFX and AFX2 systems, the accuracy of which are necessarily subject to risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Endologix. Many factors may cause actual results to differ materially from anticipated results, including further product inspection findings and additional regulatory requirements. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Endologix undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Please refer to Endologix’s Annual Report on Form 10-K for the year ended December 31, 2015, and Endologix’s subsequent filings with the Securities and Exchange Commission, for more detailed information regarding these risks and other factors that may cause actual results to differ materially from those expressed or implied.

COMPANY CONTACT:
Endologix, Inc.
John McDermott, CEO
Vaseem Mahboob, CFO
(949) 595-7200
www.endologix.com 

INVESTOR CONTACTS:
The Ruth Group
Nick Laudico (646) 536-7030
Zack Kubow (646) 536-7020
Thursday, December 29th, 2016 Uncategorized Comments Off on $ELGX #Resumes #Shipments and Procedures with #AFX and Some Sizes of #AFX2

$NTIP #Cox Portfolio, #ContentIdentification, New #USPTO #Patent

NEW YORK, NY–(December 28, 2016) – Network-1 Technologies, Inc. (NYSE MKT: NTIP), a company engaged in the development, licensing and protection of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 9,529,870 (“Methods for Linking an Electronic Media Work to Perform an Action”) to Network-1. The claims in the newly issued patent are generally directed towards methods of content identification and performing actions following therefrom.

The newly issued patent arises from a patent application contained in the patent portfolio acquired by Network-1 from Professor Ingemar Cox in 2013 (the “Portfolio”). The Portfolio includes patents relating to enabling technology for identifying media content, such as music and videos, and taking further actions to be performed based on such identification including, among others, the insertion of advertising and the facilitation of the purchase of goods and services relating to the media content. Since the acquisition of the Portfolio, Network-1 has filed eighteen (18) additional patent applications, eight (8) of which have been issued bringing the total portfolio of granted patents to thirteen (13). Ten (10) patent applications relating to the original specification are still pending and Network-1 anticipates further issuances of additional claims for this Portfolio.

Dr. Cox is currently a Professor at the University of Copenhagen and a Professor at University College London, where he is Head of its Media Futures Group. Dr. Cox was formerly a member of the Technical Staff at AT&T Bell Labs and a Fellow at NEC Research Institute. In connection with the acquisition of the Portfolio, Dr. Cox provides consulting services to Network-1 with respect to the patents and the related pending and future patent applications and assists in Network-1’s efforts to develop the Portfolio.

ABOUT NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns twenty-nine (29) patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content. Network-1’s current strategy includes continuing to pursue licensing opportunities for its Remote Power Patent and its efforts to monetize two patent portfolios (the Cox and Mirror Worlds patent portfolios) acquired by Network-1 in 2013. Network-1’s acquisition strategy is to focus on acquiring high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent. Network-1’s Remote Power Patent has generated licensing revenue in excess of $100,000,000 from May 2007 through September 30, 2016. As a result of the acquisition of its Mirror Worlds Patent Portfolio in May 2013, Network-1 achieved licensing and other revenue of $47,150,000 through September 30, 2016 with respect to its Mirror Worlds Patent Portfolio.

This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1’s business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission, including, among others, the continued validity of Network-1’s Remote Power Patent, the ability of Network-1 to successfully execute its strategy to acquire high quality patents with significant licensing opportunities, Network-1’s ability to achieve revenue and profits from its Cox Patent Portfolio as well as intellectual property it may acquire in the future, the ability of Network-1 to enter into additional license agreements, the ability of Network-1 to continue to receive material royalties from its existing license agreements for its Remote Power Patent, the uncertainty of patent litigation and proceedings at the United States Patent and Trademark Office, the difficulty in Network-1 verifying royalty amounts owed to it by its licensees, Network-1’s ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the continued viability of the PoE market, the risk in the future of Network-1 being classified as a Personal Holding Company, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.

Corey M. Horowitz
Chairman and CEO
Network-1 Technologies, Inc.
(212) 829-5770

Wednesday, December 28th, 2016 Uncategorized Comments Off on $NTIP #Cox Portfolio, #ContentIdentification, New #USPTO #Patent

$AGYS #VisualOne #PMS #EMV Readiness, Tight $MSFT #Microsoft Integration

Version 8.7 Expands the Industry-Leading Property Management Solution to Help Customers Improve Operations and Increase Profits

Agilysys, Inc. (Nasdaq:AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced general availability of Visual One® PMS v8.7. The latest version of the company’s popular property management system features a number of enhancements — including EMV readiness, more robust security and support for several recently released Microsoft® products — that will enable customers to dramatically improve operations and safeguard guests’ financial data.

Visual One PMS is a comprehensive and fully integrated property management system that offers a wide range of best-in-class features and functionality, including front office operations, guest history, housekeeping, reservations management and more. Its user-friendly screens are laid out in a logical format, with quick-feature icons and drill-down capabilities. The system offers optional modules for accounting, activities, club management, comp accounting, condo accounting, guest marketing, sales and catering, and spa management. Other features include a rate and availability calculator, enhanced guest stay search screens and an online shopping cart that enables guests to book rooms, spa appointments, tee times and activities with a single itinerary.

The latest version of Visual One PMS offers improvements in virtually every area, including compatibility with rGuest® Pay v1.5, the latest version of Agilysys’ groundbreaking payment gateway solution. Other enhancements include:

  • Support for EMV chip-and-signature through rGuest Pay
  • PA-DSS 3.2 compliance
  • Improved encryption mechanisms
  • Enhanced compatibility with Citrix
  • Support for a number of recently released Microsoft products, including Microsoft Windows® 10, Microsoft Office 2013, Microsoft Office 2016, Microsoft SQL Server® 2014 and Microsoft SQL Server® 2016*

“Agilysys continues to transform the guest experience with the latest version of Visual One PMS,” said Rehan Jaddi, senior vice president of customer support and service solutions at Agilysys. “The software is more powerful than ever and is ideal for hotels and resorts that want a flexible and fully-integrated property management system. The suite’s enhanced features and functionality, particularly its security improvements and Microsoft product support, will streamline operations and enable properties to provide seamless guest service from arrival through departure.”

Agilysys will demo Visual One v8.7 at Inspire 2017, the Agilysys user conference, Jan. 23-25 at M Resort in Las Vegas. For more information or to register for the conference, visit https://inspire.agilysys.com.

Agilysys is a leading technology company that provides innovative point-of-sale, property management, inventory and procurement, workforce management, analytics, document management and mobile and wireless solutions and services to the hospitality industry. The company’s solutions and services allow property managers to better connect, interact and transact with their customers by streamlining operations, improving efficiency, increasing guest recruitment and wallet share, and enhancing the guest experience. Agilysys serves four major market sectors: Gaming, both corporate and tribal; Hotels, Resorts and Cruise; Foodservice Management; and Restaurants, Universities, Stadia and Healthcare. A significant portion of the company’s consolidated revenue is derived from contract support, maintenance and subscription services. Agilysys operates throughout North America, Europe and Asia, with corporate services located in Alpharetta, GA. For more information, visit www.agilysys.com.

* Microsoft, Windows and SQL Server are registered trademarks of Microsoft Corporation in the United States and/or other countries.

 

Media
Agilysys, Inc.
Robert Shecterle, 770-810-6046
robert.shecterle@agilysys.com
or
Investors
JCIR
Richard Land, Norberto Aja or Jim Leahy, 212-835-8500
agys@jcir.com

Wednesday, December 28th, 2016 Uncategorized Comments Off on $AGYS #VisualOne #PMS #EMV Readiness, Tight $MSFT #Microsoft Integration

$LIVE Biggest Year in Company’s History, Record $8.92 #EPS

LAS VEGAS, Dec. 28, 2016  — Live Ventures Incorporated (Nasdaq:LIVE) (“Live Ventures” or the “Company”), a diversified holding company, announces today financial results from its fiscal year-end 2016.

Reporting its most successful year in the Company’s history, Live Ventures reported a record $79M in revenues, an increase of 136 percent over the previous year, and net profit of approximately $17.82M, representing earnings per share (EPS) of $8.92.

Stockholders’ equity, which is management’s preferred measurement for performance, increased by 192 percent over 2015.  Since present management took over five years ago, stockholders equity has grown at a rate of 100.58 percent compounded annually.

“Live Ventures has truly come a long way since its founding in 1968, when we were known as Nuclear Corporation of New Mexico,” said Jon Isaac, CEO of Live Ventures Incorporated. “We are elated with these most recent results and are grateful for the hard work of our employees, who were essential to the Company’s recent success.”

The company’s outstanding year-end results were partially attributable to the stellar performance at its wholly owned subsidiary, Marquis Industries, and partially to other non-cash income realized in connection with the Company’s deferred tax assets. These net operating losses (NOLs) were accumulated prior to Live Ventures becoming a diversified holding company and allow it to defer over $30M in future income. The NOLs provide the company a unique advantage in that it can keep a substantial portion of its income — which normally would have been expensed at approximately 35 percent for taxes, and redeploy it in other areas such as stock repurchases, retirement of debt, or new acquisitions.  Although a portion of this year’s earnings was attributable to its deferred tax assets, management believes the growth factors explained below will offset non-cash income realized during this year.

Outlook for 2017
The Company expects multiple factors to impact growth 2017.  Management anticipates revenues to increase by well over 50 percent, easily surpassing $120M, and stockholders’ equity to grow at a high double-digit rate.  In addition, since the acquisition of Vintage Stock closed several weeks after our fiscal year end, none of the results from Vintage Stock is included in this financial report, all of which will figure prominently into the Company’s upcoming 10Q filing and future financial results.

Management further expects additional growth in 2017 as a result of recent capital expenditures made at Marquis Industries to expand its highly successful turf product, which has generated enough demand to be backordered by several months. Finally, in furtherance of the Company’s previously announced strategic focus to make accretive acquisitions, such as Marquis Industries and Vintage Stock, management is evaluating several additional acquisition targets, which, if successful, would significantly further increase revenues, and potentially EPS, while not requiring the issuance of stock or convertible securities.

“We are extremely optimistic for the growth we expect in 2017.  This has been a record year for the Company, in terms of the pace at which we acquired assets, our financial success, and our ability to act quickly when we find an acquisition that fits our profile,” said Jon Isaac, CEO of Live Ventures.  “We look forward to the opportunity to report continued successes.”

Live Ventures’ financial results were filed today with Securities and Exchange Commission (SEC) and can be accessed via the Company’s website in the investor relations section, or by visiting the SEC’s website.

About Live Ventures Incorporated
Live Ventures Incorporated is a diversified holding company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power.  Live Ventures Incorporated provides, among other businesses, marketing solutions that boost customer awareness and merchant visibility on the Internet.  The Company operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers.  In addition, it maintains, through its subsidiary, ModernEveryday, an online consumer products retailer and, through its subsidiary, Marquis Industries, a specialty, high-performance yarns manufacturer, hard-surfaces re-seller, which is a top-10 high-end residential carpet manufacturer in the United States.  Marquis Industries, through its A-O Division, utilizes its state-of-the-art yarn extrusion capacity to market monofilament textured yarn products to the artificial turf industry.  Marquis is the only manufacturer in the world that can produce certain types of yarn prized by the industry.  Most recently, the company acquired Vintage Stock, Inc., an award-winning entertainment featuring movies, classic and new video games, music, collectible comics and toys, and the ability to special order and ship product worldwide to the customer’s doorstep. Vintage Stock is America’s largest entertainment superstore chain.

In December, Isaac Capital Group, our largest stockholder, agreed to lock up all of their shares for five years (through December 31, 2021).  To ensure that lock-up arrangement, they exchanged all of their shares for a series of “common equivalent” preferred stock, which is not redeemable; has no liquidation preference and virtually identical dividends (if any are declared); has no board seats and votes with the common stock; and is convertible back into common stock without any dilution (based on its original exchange from common stock).  Accordingly, our common stock was reduced from approximately 2.8 million to 2.0 million shares.

Forward-Looking and Cautionary Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Live Ventures Incorporated may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K, in its annual report to stockholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance.  The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Form 10-K for the fiscal year ended September 30, 2016, most recent Form 10-Q, and other filings with the U S. Securities and Exchange Commission (available at http://www.sec.gov). The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Contact:
Live Ventures Incorporated
Tim Matula, investor relations
425-836-9035
tmatula@live-ventures.com
http://live-ventures.com
Source: Live Ventures Incorporated
Wednesday, December 28th, 2016 Uncategorized Comments Off on $LIVE Biggest Year in Company’s History, Record $8.92 #EPS

$MICT Receives $1,060,000 continuous #PurchaseOrder #TREQr5

– Order expected to be fulfilled in Q1 2017 – TREQr5 is ruggedized on-board computer optimized for Internet of Things and Fleet Management

MONTVALE, N.J., Dec. 28, 2016  — Micronet Enertec Technologies, Inc. (Nasdaq: MICT) announced today that its Mobile Resource Management (MRM) subsidiary Micronet, (via Micronet Inc., its fully owned subsidiary) received a continuous purchase order valued at approximately $1,060,000 for its recently released TREQr5 product from a leading fleet management solutions provider.

TREQr5 is an innovative ruggedized telematics android on-board computer optimized for Internet of Things (IOT) and Fleet Management Applications. The Company is expecting to fulfill the order by the end of Q1 2017.

“We are very pleased to continue our momentum and to receive such a significant purchase order from an established customer and to advance development of new and sophisticated applications.  Our TREQr5 is gaining momentum and we look for it to be a great complement to our product portfolio thanks to its unique features and flexible architecture,” said Ken Wiesner, Chief Executive Officer of Micronet Inc.

The TREQr5, and Micronet’s other technologies and services, provide a comprehensive suite of Fleet Management products, which are key assets that help its customers focus on driver safety, efficiency and compliance, Electronic Logging Devices (ELD) and Hours of Service (HOS), driver coaching and fuel reports for Local Fleets and Heavy Duty trucks and Equipment.

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) operates through two primary companies, Enertec Systems 2001 Ltd its wholly-owned subsidiary, and Micronet Ltd., in which it has a controlling interest. Micronet operates in the growing commercial MRM market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others. The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions. For more information, please visit: www.micronet-enertec.com, the content of which is not incorporated by reference into this press release.

Forward-looking Statements

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws.  These forward-looking statements include, but are not limited to, those statements regarding when we discuss the timing of fulfilling the TREQr5 order, the use and functions of the TREQr5 product and our development of new and sophisticated applications.  Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended December 31, 2015 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Wednesday, December 28th, 2016 Uncategorized Comments Off on $MICT Receives $1,060,000 continuous #PurchaseOrder #TREQr5

$GNMK to Present at the 2017 $JPM @jpmorgan #Healthcare #Conference #JPM17

GenMark Diagnostics, Inc. (NASDAQ: GNMK), a leading provider of automated, multiplex molecular diagnostic testing systems, will present at the 2017 J.P. Morgan Healthcare Conference to be held at the Westin St. Francis Hotel in San Francisco, California, on Wednesday, January 11, 2017. The presentation will be delivered by Hany Massarany, President and Chief Executive Officer, and is scheduled to begin at 1:30 pm Pacific Time. The presentation will be made available at http://ir.genmarkdx.com/.

ABOUT GENMARK DIAGNOSTICS

GenMark Diagnostics (NASDAQ: GNMK) is a leading provider of automated, multiplex molecular diagnostic testing systems that detect and measure DNA and RNA targets to diagnose disease and optimize patient treatment. Utilizing GenMark’s proprietary eSensor® detection technology, GenMark’s eSensor XT-8® system is designed to support a broad range of molecular diagnostic tests with a compact, easy-to-use workstation and self-contained, disposable test cartridges. The eSensor detection technology is also incorporated into GenMark’s sample-to-answer system, ePlex®. For more information, visit www.genmarkdx.com.

GenMark Diagnostics, Inc.
Hany Massarany
President, Chief Executive Officer
760-448-4325

Wednesday, December 28th, 2016 Uncategorized Comments Off on $GNMK to Present at the 2017 $JPM @jpmorgan #Healthcare #Conference #JPM17

$SAND Provides Updates on Normal Course #IssuerBid and #Projects

VANCOUVER, Dec. 28, 2016  – Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update regarding activity under its normal course issuer bid (“NCIB”) as well as exploration and development progress at a number of assets underlying the Company’s streams and royalties.

NORMAL COURSE ISSUER BID

Sandstorm previously announced a NCIB (see press release dated March 30, 2016), providing the Company with the option to purchase its common shares when management believes that the common shares are undervalued by the market. The fourth quarter of 2016 has seen significant declines in the price of gold, impacting Sandstorm’s share price and market valuation. As a result, the Company has recently purchased some of its common shares. Since December 15, 2016, the Company has purchased 545,977 common shares at a weighted average price of C$4.56 per common share.

Under the NCIB rules of the Toronto Stock Exchange, daily purchases cannot exceed 49,211 common shares subject to the Company’s ability to make block purchases.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ANFIELD PROVIDES PROGRESS UPDATE ON THE CORINGA PROJECT

Since completing the acquisition of Magellan Minerals Ltd., Anfield Gold Corp. (“Anfield”) has made substantial progress at the Coringa gold project in Para State, Brazil (“Coringa”) and is targeting production in late 2017.

The development work required to advance the project includes a 20,000-metre infill drilling program, engineering work to complete a NI 43-101 feasibility study incorporating the Andorinhas plant, disassembly, relocation and reassembly of the Andorinhas plant to the Coringa site and permitting.

Anfield has completed 11,281 metres of a 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The results of the infill drilling program will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support the Coringa plant construction has been initiated.

Anfield has assembled a Brazil-based operating team and several key management members and operations staff previously operated the Andorinhas plant. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Coringa site and reassembly of the plant will begin once detailed engineering is complete and the required permits are obtained.

Permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Coringa project. These will allow for the planned full scale production rate of 750 tonnes of mineralized material per day. Full scale production permitting will be a primary focus of the company in 2017.

For more information visit the Anfield website at www.anfieldgold.com and see the press release dated November 3, 2016.

Sandstorm holds a 2.5% net smelter returns (“NSR”) royalty on the Coringa project.

MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA

Mariana Resources Limited (“Mariana”) continues to report high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey (“Hot Maden”), confirming the internal continuity of gold-copper mineralisation within the Main Zone resource area.

The recent infill drilling forms part of a program designed to reduce drill hole spacings to 25 metres by 25 metres and to provide both detailed geotechnical data and metallurgical samples for mine development studies. Highlights from the drill results include:

  • HTD-71: 69.6 metres @ 62.7 g/t gold and 2.68% copper from 210 metres downhole including:
    • 7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
    • 14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
    • 48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6 m)
  • HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from 218 metres downhole including:
    • 5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres downhole.
  • HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper from 180.5 metres downhole including:
    • 3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres downhole.
  • HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from 266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper from 317 metres downhole.
  • HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper from 294 metres downhole including:
    • 18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres downhole.
  • HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from 96 metres downhole including:
    • 11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres downhole.
  • HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from 276 metres downhole including:
    • 2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres downhole; and
  • 44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres downhole.

 

The potential for the discovery of a deep (>250 metres), possibly fault offset block of Main Zone-type mineralisation beneath the “Ridge” area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold and copper mineralisation at depth in three holes. Assay results include:

  • HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from 351 metres downhole.
  • HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from 357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper from 443 metres downhole.
  • HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from 177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30% copper from 194.0 metres downhole.

 

The Hot Maden Preliminary Economic Assessment is in the process of being finalized with an anticipated completion date expected early in the New Year.

In addition to its exploration work at Hot Maden, Mariana recently announced that it has commenced an initial 7-hole diamond drill program at the Ergama copper-gold project in western Turkey (“Ergama”). The drilling is expected to be completed in early January 2017 with assay results expected before the end of the first quarter of 2017. The main targets to be tested include near-surface, porphyry-style copper-gold mineralisation within the central portion of the Ergama claim block, in addition to peripheral high grade vein/fault hosted gold-silver mineralisation.

For more information and complete drill results and Mineral Resource details visit the Mariana Resources website at www.marianaresources.com and see the press release dated October 26, 2016, November 29, 2016 and December 20, 2016.

Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama projects.

ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII, RELEASES DRILL RESULTS AT ALTAN NAR

Erdene Resource Development Corp. (“Erdene”) has released a number of drill results from its Q3/Q4 2016 drill campaign at the Bayan Khundii gold project in southwest Mongolia (“Bayan Khundii”). Gold mineralization at Bayan Khundii has been identified over a 1.7 kilometre trend, with detailed exploration taking place over a 500 metre by 350 metre zone in the southwest portion of the prospect area, where Erdene’s drill programs have focused. Results include several high-grade intersections within a series of parallel structures.

As of November 28, 2016, 87 diamond drill holes totaling 9,784 metres had been drilled at Bayan Khundii and the most recent results released in November (BKD-62 to BKD-87) continued to expand the boundaries of gold mineralization, with several high-grade gold intersections over wide intervals. Multiple gold-bearing structures are now being defined at Bayan Khundii, including Striker Zone, the most extensively explored zone.

Deep Striker
Drilling along the southern boundary of the Striker Zone, targeting extensions at depth, returned the highest grade gold intercept reported to date with 65 metres of 6.3 g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m, BKD-77).

Striker North
As part of Erdene’s Striker Zone expansion program, drilling has further defined a new gold zone north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63) and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three holes testing the northern extension ended in gold mineralization and included 18 metres of 7.1 g/t gold (BKD-86).

Striker Main
The Striker Main drilling continues to provide impressive intersections with good continuity and high grades over broad intervals including 56 metres of 2.1 g/t gold (44m-100m, BKD-74), including 3 metres of 22.7 g/t gold (68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21 metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0 g/t gold (46m-82.7m, BKD-84).

Step-Out Drilling
On November 25, 2016, Erdene mobilized a drill rig to test a target area approximately 200 metres north of the Striker Zone, surrounding the successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t gold (20m-143m). Results from a series of drill holes in this area are anticipated to be reported early in Q1-2017.

A summary of the drill results for holes BKD-01 to BKD-60 can be found in table 1 below.

Results Summary for Holes BKD-01 to BKD-60

Results
Reported
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
Dec. 9, 2015 BKD-01 14 21 7 27.5
Dec. 14, 2015 BKD-09incl 3334 5949 2615 5.916.2
Dec. 14, 2015 BKD-10incl 011 3523 3512 5.7016.2
May 9, 2016 BKD-17incl

incl

5054

82

11369

95

6315

13

5.3111.5

11.3

May 24, 2016 BKD-28 42 120 78 1.00
June 14, 2016 BKD-34 76 142 66 1.01
June 22, 2016 BKD-44 0.7 9 8.3 14.2
Oct. 4, 2016 BKD-46incl

and

2.38

100

1915

108

16.77

8

4.6510.2

5.61

Oct. 4, 2016 BKD-49incl 4574 11698 7124 3.067.52
Oct. 4, 2016 BKD-51incl

incl

076

100

112106

103

11230

3

1.173.23

19.8

Oct. 18, 2016 BKD-57incl

incl

3662

66

12693

73

9031

7

2.516.80

26.0

Oct. 18, 2016 BKD-60incl

incl

2024

29

14392

59

12368

30

1.321.96

2.98

 

Altan Nar
In addition to the exploration program at Bayan Khundii, Erdene recently tested a target at the Altan Nar gold-polymetallic project, 19 kilometres to the northwest of Bayan Khundii. Hole TND-101 intersected 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131 g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of 24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc (73m-78m).

Altan Nar is considered to be a carbonate-base metals gold deposit, a style of deposit that includes the most prolific gold producers in the southwest Pacific rim and includes well-known deposits such as Porgera (Papua New Guinea) and Kelian (Indonesia).

For more information and complete drill results visit the Erdene website at www.erdene.com and see the press releases dated November 17, 2016, November 28, 2016, and December 19, 2016.

Sandstorm holds a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar projects. The Company also owns 5 million shares of Erdene, at an average cost of $0.20.

OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000 METRES

Osisko Mining Inc. (“Osisko”) has announced that it is increasing the scale on the ongoing drill program at the Windfall Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000 metre drilling campaign) on the Windfall Lake gold deposit and surrounding exploration targets. Exploration success in the initial 150,000 metre program has included:

  • an upgraded geological interpretation of the Windfall deposit which is leading to a significantly expanded and still growing footprint for the previously known area of mineralization;
  • the discovery of several significant new zones of mineralization including Wolf Zone and the recently announced new shallow high-grade zone known as the Lynx Zone, discovered on the 600 metre extension fence);
  • the recently announced 600 metre NE extension of the main corridors of mineralization (Caribou, Zone 27, Wolf and Underdog); and
  • two new discoveries in the surrounding area (Fox and Black Dog).

 

Recently reported drill results include:

Fox

  • 27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH OSK-U-16-734);
  • 8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732); and
  • 6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731) (229.0m-229.8m).

 

Windfall Extension

  • 65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760) including;
    • 76 g/t gold over 3.5 metres (226.3m-229.8m);  and
    • 100 g/t gold over 0.8 metres (229.0m-229.8m).

 

Underdog

  • 34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH OSK-W-16-720);
  • 13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH OSK-W-16-708-W2);
  • 7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH OSK-W-16-706-W3);
  • 11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH OSK-W-16-309-W3);
  • 25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres (797m-799m, DDH OSK-W-16-704-W1); and
  • 13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH OSK-W-16-311-W2).

 

The new 250,000 metres of drilling will assist Osisko in further exploring and defining the known mineralization within the main deposit area and the recently discovered NE extension area. Osisko’s objective is to maximize the level of information to be included in an anticipated initial 2017 resource update.

For more information and complete drill results visit the Osisko website at www.osiskomining.com and see press releases dated October 12, 2016, October 25, 2016, November 23, 2016, December 5, 2016, December 19, 2016.

Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the Windfall Lake property.

ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI EXPANSION PEA

Entrée Gold Inc. (“Entrée”) announced the filing of an updated technical report (“2016 OTTR”) relating to the Oyu Tolgoi copper-gold project in Mongolia. Turquoise Hill Resources Ltd. (“Turquoise Hill”) filed the report under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

In addition to updating the Reserve Case on the open pit and Hugo North (including Hugo North Extension) Lift 1 block cave, 2016 OTTR includes Preliminary Economic Assessments of potential later phases of the Oyu Tolgoi deposits utilizing four Alternative Production Cases. Two of these deposits, Hugo North (including Hugo North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC joint venture resources. The Alternative Production Cases take advantage of productivity improvements in plant throughput that have begun to be recognized in the process plant and evaluate plant capacity expansions as high as 120 million tonnes per annum. Variations in operating and capital costs are also evaluated.

Sandstorm has a stream agreement to purchase 5.62% of the gold, 4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi project deposits – the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. These deposits are the northern-most and southern-most, respectively, in the 12 kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo North Extension include a Probable reserve, which is included in Lift 1 of the underground mine development.

On November 3, 2016, Turquoise Hill announced that work had begun for Shaft 5 sinking and the convey-to-surface box cut excavation, while construction of critical on-site facilities continued. Oyu Tolgoi recently signed an additional underground mining and support services contract with Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end of the third quarter 2016, the underground workforce was approximately 1,600 people and was expected to reach 2,400 people by the end of 2016.

For more information visit the Entrée Gold website at www.entreegold.com and see the press release dated October 24, 2016. The Turquoise Hill technical report, titled “2016 Oyu Tolgoi Technical Report”, with an effective date of October 14, 2016, is available on SEDAR at www.sedar.com under Turquoise Hill’s profile.

KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX

Kirkland Lake Gold Inc. (“Kirkland Lake Gold”) reported new high grade drill intercepts from underground exploration drilling on the South Mine Complex (“SMC”) at the Macassa Mine Complex, in Kirkland Lake, Ontario.

The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM Claim, located approximately 610 metres southeast of the #2 shaft at the Macassa Mine Complex. Underground drilling highlights include:

  • 651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
  • 40.1 g/t gold over 3.0 metres in hole 53-2967;
  • 97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3 g/t gold over 0.3 metres, in hole 53-3065;
  • 102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3 g/t gold over 0.3 metres, in hole 53-3098; and
  • 100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6 g/t gold over 0.3 metres, in hole 53-3099.

 

All intercepts are core lengths. High grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.

The drill program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC further to the east within the HM Claim by testing a zone which was initially identified by drill hole 53-2414.

Kirkland Lake Gold has since completed 24 additional drill holes which has expanded and better defined this zone of mineralization. Based on the additional drilling, the zone has been defined over a strike length of 130 metres and is open up dip and is currently being tested with additional step out drilling.

For more information and for complete drill results visit the Kirkland Lake Gold website at www.klgold.com and see the press release dated November 7, 2016. Sandstorm holds a 2.0% NSR royalty on the HM Claim.

PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL ZONE

Primero Mining Corp. (“Primero”) announced the results of successful exploration at the Black Fox mine located near Timmins, Ontario, Canada. The discovery, delineation and recent commencement of production from the Deep Central Zone at Black Fox is an important milestone for the mine. Initial production mining of the Deep Central Zone has returned positive results with grades and tonnes reconciling well with the production block model. First long-hole production blasting occurred in early-September, and is expected to continue to ramp-up from this area.

Three underground diamond drill rigs have been active on the 520 level exploration drift, targeting mineralization located down-plunge and to the west of the Deep Central Zone. Results have reconfirmed the high-grade tenure of the Deep Central Zone with drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres (from 355.6m-361.4m) at approximately 800 metres depth and more recent drilling returning significant gold grades including 34.4 g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep Central Zone at approximately 900 metres depth. Deep drilling efforts are ongoing and are expected to be released by Primero in due course.

After successfully expanding and delineating the Black Fox Deep Central Zone, Primero has shifted focus to other priority target areas located to the west and at depth. Recent exploration of the west targets has returned positive results with significant gold grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m, 520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m, 520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m, 520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m, 520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m, 520-EX286-02). Drill hole 520-EX286-05 was drilled to test an extension of the W1 High Quartz target, which remains open at depth. Holes 520-EX286-01 and -02 have identified the W5 Far West target which requires further infill exploration and remains open at depth. In addition, two surface drill rigs have been testing for other areas of Froome-like mineralization.

For more information, visit the Primero website at www.primeromining.com and see the press release dated September 19, 2016 and November 9, 2016.

Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold produced from Black Fox for a per ounce cash payment equal US$524 per ounce.

YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO

Yamana Gold Inc. (“Yamana”) issued an update on the exploration programs at its Gualcamayo mine in Argentina (“Gualcamayo”). Yamana has completed a total of 2,457 metres distributed in 12 holes since September, testing the near-surface oxide deposits called Potenciales and Las Vacas. Several of the holes, including 16QD-975 drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth. The results continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit. Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin early in the first quarter of 2017.

Recent drill results from holes completed at Cerro Condor and Potenciales (August 24, 2016 to September 26, 2016.), including all holes completed at these targets with results above a 0.5 grams per tonne (“g/t”) Au result are reported below:

Hole Id Target From
(m)
To
(m)
Length
(m)
Au
(g/t)
16QD-968 Cerro Cóndor – 2600 284.0 290.0 6.0 0.58
16QD-970 Cerro Cóndor – Antena 6.0 16.0 10.0 0.43
16QD-970 Cerro Cóndor – Antena 126.0 128.0 2.0 2.59
16QD-972 Cerro Cóndor 2500 12.0 26.0 14.0 5.69
16QD-972 Cerro Cóndor 2500 36.0 42.0 6.0 0.98
16QD-971 Cerro Cóndor – Antena 35.5 44.0 8.5 1.35
16QD-971 Cerro Cóndor – Antena 91.0 98.0 7.0 0.91
16QD-971 Cerro Cóndor – Antena 300.0 308.0 8.0 0.71
16QD-971 Cerro Cóndor – Antena 322.0 326.0 4.0 1.16
16QD-974 Cerro Cóndor 2500 8.0 10.6 2.6 1.44
16QD-975 Potenciales – P10 4.0 108.0 104.0 1.41
16QD-975 incl. Potenciales – P10 8.0 20.0 12.0 2.36
16QD-975 incl. Potenciales – P10 28.0 49.0 21.0 1.92
16QD-975 incl. Potenciales – P10 62.0 68.0 6.0 1.25
16QD-975 incl. Potenciales – P10 88.0 102.0 14.0 3.27
16QD-976 Potenciales – P10 8.0 30.0 22.0 1.23
16QD-976 Potenciales – P10 34.0 48.0 14.0 1.13
16QD-977 Potenciales – P10 18.0 28.0 10.0 2.49
16QD-977 Potenciales – P10 32.0 38.0 6.0 0.64

 

Several of these intersections, in particular 16QD975, are at the pit wall and are sufficient in width and grade to suggest potential positive contributions to increases in Mineral Resources and Mineral Reserves at grades that exceed the current in pit grades. These new discoveries show large, untested potential exists at the surface or near surface well beyond the known extents of the current mineral inventory.

For more information, visit the Yamana website at www.yamana.com and see the press release dated October 27, 2016.

Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.

QUALIFIED PERSON

Keith Laskowski (MSc), Sandstorm’s Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 131 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.

For more information visit: www.sandstormgold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains “forward-looking statements”, within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.

Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2015 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

Wednesday, December 28th, 2016 Uncategorized Comments Off on $SAND Provides Updates on Normal Course #IssuerBid and #Projects

$DSPG to Participate at the 19th Annual #NeedhamGrowthConference

LOS ALTOS, Calif., Dec. 27, 2016 — DSP Group®, Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications, announced today it will be participating in the 19th Annual Needham Growth Conference at the Lotte Palace Hotel, New York on January 10th and 11th, 2017.  Ofer Elyakim, Chief Executive Officer, and Dror Levy, Chief Financial Officer, are scheduled to present on January 10th, 2017 at 4:50 pm.

Investors will have the opportunity to hold one-on-one meetings with DSP Group management during this conference. Those interested should contact DSP Group’s Investor Relations team at ir@dspg.com.

A webcast of the conference presentation will be available in the investor relations section of the company’s website at http://ir.dspg.com

About DSP Group
DSP Group®, Inc. (NASDAQ:DSPG) is a leading global provider of wireless chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, DSP Group enables OEMs/ODMs, consumer electronics (CE) manufacturers and service providers to cost-effectively develop new revenue-generating products with fast time to market. At the forefront of semiconductor innovation and operational excellence for over two decades, DSP Group provides a broad portfolio of wireless chipsets integrating DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear™, video and VoIP technologies. DSP Group enables converged voice, audio, video and data connectivity across diverse mobile, consumer and enterprise products – from mobile devices, connected multimedia screens, and home automation & security to cordless phones, VoIP systems, and home gateways. Leveraging industry-leading experience and expertise, DSP Group partners with CE manufacturers and service providers to shape the future of converged communications at home, office and on the go. For more information, visit www.dspg.com.

 

Contact:
Daniel Amir ,CVP, Business Development, Strategy and Investor Relations, Work: 1-415-726-5900, daniel.amir@dspg.com
Tuesday, December 27th, 2016 Uncategorized Comments Off on $DSPG to Participate at the 19th Annual #NeedhamGrowthConference

$HQCL Shareholder Resolutions Adopted at Annual General Meeting

SEOUL, South Korea, Dec. 27, 2016  — Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (NASDAQ: HQCL), one of the world’s largest photovoltaic manufacturers of high-quality, high-efficiency solar modules, today announced the shareholder resolutions adopted at its annual general meeting of shareholders (“AGM”) held in Seoul, Korea on December 27, 2016.

Hanwha Q CELLS’ shareholders adopted the following resolutions:

  • As an ordinary resolution, that Seong Woo Nam, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
  • As an ordinary resolution, that Jung Pyo Seo, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
  • As an ordinary resolution, that Young S. Kim, who was elected by the directors of the Company as a director on November 21, 2016, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
  • As an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the year ending December 31, 2016, be approved, confirmed and ratified.

About Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers for its high-quality, high-efficiency solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). With its diverse international manufacturing facilities in South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute “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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Tuesday, December 27th, 2016 Uncategorized Comments Off on $HQCL Shareholder Resolutions Adopted at Annual General Meeting

$RADA Expects Significant Growth in Sales of #APS Tactical #Radars

NETANYA, Israel, Dec. 27, 2016  — RADA Electronic Industries Ltd. (Nasdaq:RADA) eyes the Active Protection Systems (APS) market as the major target for its future sales of its Compact Hemispheric Radar (CHR).

APS are installed on armored vehicles and provide protection against rocket-propelled grenades (RPG), anti-tank guided missiles (ATGM) and tank shells. In the heart of the APS are search and track radars, with the ability to detect threats and enable interception before a threat strikes the vehicle. The addressable APS market in the Western World is estimated at the tens of thousands of vehicles, implying a multi-billion dollar market potential for tactical radars that can perform such functions.

RADA’s Compact Hemispheric Radar (CHR) platform, developed to address the needs of the APS market, is an S-band, software-defined, pulse-Doppler, active electronically scanned array radar. The radar system introduces sophisticated beam forming capabilities and advanced signal processing, which can provide various missions on each radar platform and offers an unprecedented performance-to-price ratio. It is compact and mobile, enabling hostile fire detection capabilities for combat vehicles and providing critical targeting information for APS.

The CHR is incorporated into IMI Systems’ “Iron Fist” family of APS, and has undergone hundreds of live fire tests. Recently RADA delivered CHRs to Artis, to be integrated and tested with its “Iron Curtain” close-in APS.

Dov Sella, RADA’s CEO, commented: “We have developed the CHR to meet the highest requirements of active protection systems. The global APS market is gaining strong momentum; we believe that as a result, new and significant business opportunities will come across RADA in the near future.”

Continued Mr. Sella, “For the past decade, Israel was the only Western nation to apply APS technology on its main battle tanks. Recently, however, this global APS market is awakening. A few days ago, BAE Systems announced the award of a contract by the Dutch Army for the testing and verification of the Iron Fist APS for its CV90 Infantry Fighting Vehicles, becoming the first NATO combat vehicles to receive APS which includes our technology. Furthermore, recent publications in the US press indicate the intention of the US Military to test and evaluate Active Protection Systems for its tanks and Armored Fighting Vehicles. Hence, we are excited with our potential and look forward to a strong growth in our APS tactical radar sales over the coming years.”

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sales of Tactical Land Radars for Force and Border Protection, Inertial Navigation Systems and Avionics Systems for fighter aircraft and UAVs.

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.

Company Contact:
David Mayer (BD Director)
Tel: +972-9-892-1111
mrkt@rada.com
Tuesday, December 27th, 2016 Uncategorized Comments Off on $RADA Expects Significant Growth in Sales of #APS Tactical #Radars

$CETX Commencement of Subscription Rights Offering, Warrant Exercise Price

FARMINGDALE, N.Y., Dec. 27, 2016  — Cemtrex, Inc. (NasdaqCM: CETX), is launching tomorrow its previously announced $15.0 million subscription rights offering. The offering will allow Cemtrex’s stockholders of record to purchase up to 1,500,000 units, each consisting of one share of series 1 preferred stock, paying cumulative dividends at the rate of 10 percent of the purchase price per year, and two five-year series 1 warrants, upon the exercise of subscription rights at the purchase price of $10.00 per unit. The exercise price of the series 1 warrants has been set at $6.31 per share, representing 115 percent of the five-day volume weighted average price per share of common stock prior to and including the record date of the rights offering.

Cemtrex CEO Saagar Govil said, “We are conducting the rights offering primarily to raise additional capital to supplement our operating cash flows to fund both our new product development and our aggressive acquisition growth plan. We have chosen to give our stockholders the first opportunity to purchase additional securities to maintain their current percentage ownership in Cemtrex and provide capital to us at what we believe are attractive price levels.”

If the rights offering is not fully subscribed following expiration of the rights offering on January 20, 2017 (subject to extension for up to 30 days), Source Capital Group, Inc., the dealer-manager for the rights offering, has agreed to use its efforts to place any unsubscribed units at the subscription purchase price for an additional period of up to 45 days.

The rights offering is being made pursuant to Cemtrex’s effective registration statement on Form S-1 (Reg. No. 333-213369) on file with the U.S. Securities and Exchange Commission (the “SEC”). Investors should consider the information in the prospectus contained in the registration statement carefully before making any decision to participate in the rights offering.  Copies of the prospectus and related materials are being sent to holders of record on the record date of December 23, 2016. Requests for copies of the prospectus and questions from stockholders relating to the rights offering may be directed to the information agent for the rights offering, as follows:

Information Agent

Okapi Partners LLC
1212 Avenue of the Americas, 24th Floor
New York, NY 10036
Tel.: (212) 297-0720 or (877) 259-6290 (toll free)
cemtrex@okapipartners.com

Source Capital Group, Inc., is acting as dealer-manager for the rights offering. Source Capital invites any broker-dealers interested in participating to contact Source Capital’s syndicate department at CETX@sourcegrp.com.

About Cemtrex

Cemtrex, Inc., is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges and is rapidly growing through acquisitions. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants and greenhouse gases used in carbon trading globally. For more information, please visit www.cemtrex.com.

About Source Capital Group

Source Capital Group, Inc., was founded in 1992 as a boutique investment banking firm specializing in small to medium-sized transactions, and continues to focus its investment banking activities in those segments of the market. Source Capital has grown to include businesses in general securities, emerging market securities, distressed and high-yield debt securities, investment management, mortgages and business lending. Source Capital’s mission is to provide excellent service and independent, unbiased and tailor-made advice. Source Capital is registered as a broker-dealer with the SEC and in 50 states, the District of Columbia and Puerto Rico, and is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Such forward-looking statements include all statements other than statements of historical fact. These forward-looking statements are inherently difficult to predict. Actual results, including all matters relating to the rights offering and all matters relating to our future financial results, could differ materially for a variety of reasons. Information about factors that could potentially affect our financial results is included in our registration statement, which is referred to above. These and our other subsequent filings with the SEC identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates and other forward-looking statements.

Cemtrex, Inc., has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that Cemtrex has filed or files in the future with the SEC for more complete information about Cemtrex and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Cemtrex will arrange to send you the prospectus if you request it by calling the Information Agent at (212) 297-0720 or (877) 259-6290.

Investor Contacts

Okapi Partners LLC
1212 Avenue of the Americas, 24th Floor
New York, NY 10036
Tel.: (212) 297-0720 or (877) 259-6290 (toll free)
cemtrex@okapipartners.com

Investor Relations
Cemtrex, Inc.
Tel.: (631) 756-9116
investors@cemtrex.com

Andrew Haag
Managing Partner
IRTH Communications
CETX@irthcommunications.com
Tel.: (866) 976-4784

Tuesday, December 27th, 2016 Uncategorized Comments Off on $CETX Commencement of Subscription Rights Offering, Warrant Exercise Price

$MVIS Begins Shipping Samples to Customers of Its Small Form Factor Display Engine

MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has begun on-schedule customer shipments of samples of its new, small form factor display engine.

MicroVision Small Form Factor Display Engine (Photo: Business Wire)

MicroVision announced in November that it plans to sell a display engine beginning in the second quarter of 2017. This small form factor display engine is based on the company’s proprietary PicoP® scanning technology, a laser beam scanning (LBS) approach for pico projection and 3D sensing. MicroVision plans to be ready for mass production of this engine early in the second quarter of 2017.

The small form factor display engine, model number PSE-0403-101, is a compact laser beam scanning engine measuring just 3.6 cm wide by 5.3 cm long by 0.6 cm thick with a volume of only 11.6 cubic centimeters. The sleek form factor and thinness of the engine make it an ideal choice for products such as smartphones, portable media players, tablets and other handheld electronics. A short focal length version of the engine, model number PSE-0403-102, is well suited for aftermarket head up display (HUD) applications and other applications with a fixed, short focal length.

The PSE-0403-101/2 display engine is an all-in-one unit combining an integrated photonics module (IPM) containing MEMS and lasers and an electronics platform module (EPM) containing MicroVision’s proprietary ASICS and system control software. Some customers prefer a flexible solution of the IPM and standalone MicroVision ASICS that they can combine with the electronics of the device into which the engine is embedded. The form factor of the IPM, which measures only 4.66 cubic centimeters, is a critical attribute for OEMS considering incorporating pico projectors inside their consumer products.

In addition to the PSE-0403-101/2 engines, MicroVision plans to offer two other scanning engines: an interactive display engine that can support simultaneous projected display and multi-touch interactivity with the projected images and a sensing engine for mid-range LiDAR. Samples of the interactive display engine are planned for the second quarter of 2017 with production engines expected in the third quarter of 2017. The company expects to begin shipping samples of the mid-range LiDAR engine in the second half of 2017 with production units planned for first half of 2018 availability.

MicroVision’s business model and product line offering includes display and sensing engines, licensing its patented technology and selling components to licensees for incorporation into their scanning engines.

About MicroVision

MicroVision is the creator of PicoP® scanning technology, an ultra-miniature laser projection and sensing solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this advanced display and sensing solution means that it can be adapted to a wide array of applications and form factors. It is an advanced solution for a rapidly evolving, always-on world. Extensive research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision’s IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and has been included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash.

For more information, visit the company’s website at www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc or follow MicroVision on Twitter at @MicroVision.

MicroVision and PicoP are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Forward-Looking Statements

Certain statements contained in this release, including those using words such as plans, expects or similar words and those relating to future product and product applications are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company’s forward-looking statements include the following: our ability to raise additional capital when needed; products incorporating our PicoP® scanning technology may not achieve market acceptance, commercial partners may not perform under agreements as anticipated, we may be unsuccessful in identifying parties interested in paying any amounts or amounts we deem desirable for the purchase or license of IP assets, our or our customers failure to perform under open purchase orders; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market our products; potential product liability claims; and other risk factors identified from time to time in the company’s SEC reports, including the company’s Annual Report on Form 10-K filed with the SEC. Except as expressly required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.

 

MicroVision
Dawn Goetter, 425-882-6629 (investors)
ir@microvision.com
or
Nicole Cobuzio, 732-212-0823 ext. 102 (media)
nicolec@lotus823.com

Tuesday, December 27th, 2016 Uncategorized Comments Off on $MVIS Begins Shipping Samples to Customers of Its Small Form Factor Display Engine

$LTEA Announces New Partnership with #PuebloSupermarkets in Puerto Rico

Long Island Iced Tea(R) Available at All 17 Pueblo Supermarkets Across Puerto Rico

HICKSVILLE, NY–(Dec 23, 2016) – Long Island Iced Tea Corp. (NASDAQ: LTEA) (the “Company”), a growth-oriented company focused on the ready-to-drink (“RTD”) tea segment in the beverage industry, today announced that it has secured placement of its flagship brand Long Island Iced Tea® in all 17 Pueblo Supermarkets (“Pueblo”) across Puerto Rico.

Pueblo has been one of Puerto Rico’s major supermarket chains since 1955. Pueblo, whose name has cultural symbolism for local consumers, was the first supermarket developed under the “self-service” concept in Puerto Rico.

Philip Thomas, Chief Executive Officer of the Company, stated, “We announced our entry into Puerto Rico in September this year, and are thrilled with the progress we are making. Pueblo has a deep commitment to the community, and we are proud to partner with them to provide their customers with our high-quality Long Island Iced Tea® brand, a premium iced tea positioned at an affordable price.”

Long Island Iced Tea® is a RTD tea that will be available in Pueblo Supermarkets in 18 ounce bottles.

About Pueblo Supermarkets

Pueblo has been one of Puerto Rico’s major supermarket chains since 1955. The chain is recognized as a leader in the island, and is distinguished by its high standards of quality, variety and freshness. It has locations in North, West and South areas of the island, plus several stores in the metropolitan area.

Pueblo has a strong commitment to the development of Puerto Rican industry, and promotes the concept of an enjoyable and comfortable shopping experience for the consumer. It has incorporated new concepts for the benefit of the consumer, such as “buy one stop,” which offers customer access to services such as banking, money orders, bakery, florist, delicatessen and kiosks offering a variety of products or services.

To learn more about Pueblo, visit www.pueblo.net.

About Long Island Iced Tea Corp.

Headquartered in Long Island, New York, Long Island Iced Tea Corp. operates in the ready-to-drink tea segment of the beverage industry. The Company has developed non-alcoholic, premium iced tea bottled beverages made with quality ingredients that are offered at an affordable price. The Company is currently organized around its flagship brand Long Island Iced Tea®, a premium, ready-to-drink iced tea sold primarily on the East Coast of the United States through a network of regional chains and distributors. The Company’s website is www.longislandicedtea.com.

Forward-Looking Statements

This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,” “projects,” “potential” and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include its history of losses and expectation of further losses, its ability to expand its operations in both new and existing markets, its ability to develop or acquire new brands, its relationships with distributors, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.

Contacts:

For Investors
Phil Thomas
Long Island Iced Tea Corp.
1-855-542-2832
info@longislandteas.com

Friday, December 23rd, 2016 Uncategorized Comments Off on $LTEA Announces New Partnership with #PuebloSupermarkets in Puerto Rico

$TIK Announces Dismissal of Summary Judgement Motion

Tel-Instrument Electronics Corp. (“Tel” or “Company”) (NYSE MKT:TIK) announced today that it was informed that the Kansas Judge has rejected the Company’s summary judgment motion. The court has not issued a written order explaining the decision and, as such, we are unable to provide any details on why the judge denied our motion.

Mr. Jeff O’Hara, President and CEO of Tel, stated, “We continue to believe that Aeroflex’s case lacks merit and plan to file another summary judgement motion on the merits in early January 2017. The trial is currently scheduled for February 2017, although this date might be later given delays in depositions and the volume of motions being introduced. This lawsuit has been a significant drag on profitability for many years, and we look forward to a successful resolution in court.”

About Tel-Instrument Electronics Corp.

Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defence markets. Tel-Instrument provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment. For further information please visit our website at www.telinstrument.com.

This press release includes statements that are not historical in nature and may be characterized as “forward-looking statements,” including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company’s outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for the Company’s products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company’s previous filings with the U.S. Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbour for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the “Act”) protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

 

Tel-Instrument Electronics Corp.
Joseph P. Macaluso, 201-933-1600
or
Institutional Marketing Services (IMS)
John Nesbett or Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com

Friday, December 23rd, 2016 Uncategorized Comments Off on $TIK Announces Dismissal of Summary Judgement Motion