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Oh stop being so modest money bags! How many body guards do you employ now?
You just have the golden touch girl! Glad you made it home last night!
Good Morning ATS
you mean the KB curse don't you?
ACHN up 12.8% in PM trading
MRES
The Institute of Biomedical Research Corp.(MRES.PK) to Take Over Montenegro's National Testing and Research Institution "Center for Ecological Studies"
PODGORICA, MONTENEGRO--(Marketwired - Jun 16, 2014) - The Institute of Biomedical Research Corp. (OTC Pink: MRES) (PINKSHEETS: MRES) announced today that it is in the final stages of negotiations with the Government of Montenegro to take over the "Center for Ecological Studies", the largest national scientific and analytical institution and the only one of its kind in the Balkans Peninsula. The "Center for Ecological Studies" is a reference testing and scientific institution, well established for the past 20 years and employs over 100 scientists and analysts.
Dr. Drasko Pekovic, President and CEO of the Institute said "This merge is a logical step in the advancement of scientific and technical capabilities in the region in which the Government of Montenegro and its neighboring countries must facilitate the numerous scientific, technical and standardization challenges imposed by the emerging European Union requirements".
About The Institute of Biomedical Research
The Institute of Biomedical Research (www.institutebmr.com) is an ambitious biomedical business venture whose activities extend from highly diversified scientific research and sophisticated services research and development, quality control and standardization of pharmaceuticals, (cosmetics and food products) up to major long term biomedical and environmental research projects, as well as the development of new diagnostic technologies and innovative experimental medical treatments. Regulatory certification of new drugs and biomedical products also constitutes important business activities of the Institute. The Institute is essential for the development of Montenegro within the regional and European environment.
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although The Institute of Biomedical Research Corp. (the "Company" or "MRES") believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that the Institute will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company's filings with OTCMarkets.com. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Institute of Biomedical Research
Ljubljanska bb
81000 Podgorica,
Montenegro
Dr. Drasko Pekovic
CEO
Email: info@InstituteBMR.com
www.institutebmr.com
LATF
Latteno Moves MMJ Initiative Forward: Signs Joint Venture With Grow Farm Developer in Peyton, CO
Jun 16, 2014
OTC Disclosure & News Service
-
Latteno Moves MMJ Initiative Forward: Signs Joint Venture With Grow Farm Developer in Peyton, CO
35 Acre Farm Could Yield as Much as $200,000 in Monthly Production
DENVER, CO--(Marketwired - Jun 16, 2014) - Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce the signing of a comprehensive Joint Venture Agreement with a Denver based third party grower to begin production on a 35 acre farm in Peyton CO. The farm is production ready; equipped with the latest state-of-the art LED lighting and advanced hydroponics systems designed to maximize production yields. Initial projections indicated that Production yields could reach as much a $200,000 monthly.
The Company has recently announced progress on numerous fronts both in California, Nevada and, their new home, Colorado. Specific initiatives include the MMJ Delivery Service, MMJ Grower Warehouse facilities, MMJ Dispensaries and MMJ Evaluation Offices. Each of these initiatives has been developed to provide complementary sustainable revenue streams to each market it opens. The Grow Farm joint venture represents another positive step forward in the Company's MMJ Strategy.
Latteno's progress in its MMJ initiatives has gained earned it the status of being inducted into the in 420 Marijuana Index: http://www.benzinga.com/index/$BZMJ?utm_campaign=website&utm_source=sendgrid.com&utm_medium=email.
Additionally, the Company's recently announced diversification into the lucrative Sex Enhancement - Erectile Dysfunction Treatment Industry with the introduction of the its Proprietary LT-512 100% Natural Sex Enhancement that increases sexual arousal in both men and women, and is a safe and effective treatment for Erectile Dysfunction that does not required a doctor's prescription. Rx Harvest Collective maintains exclusive rights to distribute this formula as private label sex enhancement pills.
The initial consumer response has been so positive with both repeat end-users and national and international distributors that the production and distribution inventories have had to be steadily increased. In fact, a recent article in Sierra World Equity Review predicts that "Following Release Of Rx Harvest's 100% Natural Enhancement Treatment Latteno Food (LATF) To Be Featured in Playboy Magazine Article Scheduled July Issue. http://sierraworldequityreview.blogspot.pt/2014/05/latest-projections-following-release-of.html
The Company's entry into Erectile Dysfunction and Sexual Enhancement Treatments across a number of its operating divisions represents substantial additional revenue streams in a new major market; in addition to those currently being developed in the Medical Marijuana Market (MMJ) and the seafood distribution industry.
About Latteno Food Corp. (www.Latteno.com)
Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana edibles and related products/services to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and product licensing or distribution agreements.
About Rx Harvest Collective Inc. (www.RxHC.org)
Southern California-owned and licensed medical marijuana co-op and transporting. The specific purpose of this corporation is to collectively facilitate medical marijuana cultivation and transactions by and between qualified patient members of this corporation and/or primary caregiver members who have the oral or written approval or recommendation of a licensed physician, as permitted and authorized by the Compassionate Use Act of 1996 (Health and Safety Code section 11362.5) and the Medical Marijuana Program Act (Health and Safety Code sections 11362.7 - 11362.83).
About Mekonza Corp. (www.Mekonza-corp.com)
Headquartered in Southern California since 2006, Global Trading Group (GTG) started out as a luxury/exotic car exporter and eventually branched out into seafood importing which came about Mekonza Seafood. The variety of seafood products we offer has allowed us to be an innovator in product development. The diversity of our products allows us to be the next force-to-be-reckon-with in the seafood industry. Mekonza has grown from a small one-man operation to one of the West Coast's most innovative and well-equipped seafood importing and processing companies. With outstanding customer service as our secret sauce and key ingredient, we're on our way to be the industry's leader committed to achieve the highest possible standards in quality, service to our clients, suppliers and investors.
Safe Harbor Statement
This 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 and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
FINW
FirstIn Wireless Technology Inc Signs Re-seller Agreement with Cloud Provider Simpliciti for the Re-sale and Marketing of its Cellular Long Distance and Roaming Application.
Jun 16, 2014
OTC Disclosure & News Service
-
FirstIn Wireless Technology Inc Signs Re-seller Agreement with Cloud Provider Simpliciti for the Re-sale and Marketing of its Cellular Long Distance and Roaming Application.
PR Newswire
MONTREAL, June 16, 2014
MONTREAL, June 16, 2014 /PRNewswire/ -- FirstIn Wireless Technology Inc (OTC: FINW) (OTC Pink: FINW) signs re-seller agreement with Cloud provider Simpliciti for the re-sale and marketing of its cellular long distance and roaming application. "Simpliciti a provider of Cloud services to companies is a natural fit for FirstIn as a reseller as they already offer business solutions via Cloud to the business community. The company will be showcasing our mobile long distance and roaming application as an added product to their existing clients. A typical business travelers cellular bill for a seven day business trip averages at about $800, we can cut that by over 50% with our application," said FirstIn president Andre Beauchesne. "The company is excited to be working with Simpliciti," added Mr. Beauchesne. Simpliciti's president Alain Bissonnette agrees with Mr.Beauchesne and added, "FirstIn's applications are a great addition to our company, they will enable us to offer an additional service to our existing client base as well as open new opportunities for the company."
FirstIn Wireless Technologies Inc is a mobile telecommunication company specializing in mobile roaming and long distance charge savings. FirstIn utilizes leading edge VoIP technology for its mobile Apps and platform that allows for anywhere, anytime mobile communications at significant cost reductions. FirstIn's top tier communication line architecture insures superior call quality to its clients. The company offers several mobile telecommunication solutions for Companies as well as individuals
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
FirstIn Wireless Technology Inc
abeauchesne@firstinwireless.com
www.firstinwireless.com
Phone: +1-514-819-9087
SOURCE FirstIn Wireless Technology Inc.
AXXE
Axxess Pharma Expands Global Sales With Initial Purchase Order From Australian Distributor Hardcore Beverages
Jun 16, 2014
OTC Disclosure & News Service
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Axxess Pharma Expands Global Sales With Initial Purchase Order From Australian Distributor Hardcore Beverages
TORONTO, ON--(Marketwired - Jun 16, 2014) - Axxess Pharma Inc. (PINKSHEETS: AXXE) a specialty pharmaceutical and nutritional supplements company is pleased to announce through its wholly-owned subsidiary, AllStar Health Brands Inc., that they have received their first purchase order from Australian distributor Hardcore Beverages. The purchase order is for AllStar Health Brands', TapouT Muscle Recovery Pain Relief, Muscle Growth Supplement and TapouT Muscle Post Recovery Supplement.
The purchase order marks AllStar's continued expansion of products into new countries, fueled by its high demand TapouT line. Hardcore Beverages and AllStar anticipate strong residual sales within the Australian beverage market.
As a direct result of Hardcore Beverages' marketing strategies, they are a major supporter of Australian sports and its athletes. From MMA, to motorsports, including V8 Utes and FMX, Hardcore Beverages is committed to giving their homegrown Aussie athletes the support they need to achieve their dreams. The TapouT product line was quickly determined to be the perfect synergy for the rapidly growing Australian distributor.
Hardcore Beverages and AllStar are now also in development of a new product line to be released to the public within the next 30 days. For more information on Hardcore Beverages, please visit: http://www.hardcorebeverages.com.au/
"We are very excited to enter the Australian market and receive our first purchase order from Hardcore Beverages. They have a large customer base, and expansion plans into other Asian markets and we anticipate this will be the first of many purchase orders," said Dr. Daniel Bagi, President of All Star Brands.
"Hardcore Beverages see our partnership with All Star Health Brands as an incredible opportunity on a global scale. Our mutual commitment to all natural supplement products allows us to source the highest quality Australian ingredients renowned worldwide for purity and effectiveness. Supporting local Australian industry is important to us and we envisage the benefits of this partnership to be spread across a wide sector of the Australian economy. Protein products represent a massive retail growth sector and we look forward to working with All Star Health Brands to continue to develop healthy, technologically advanced formulas to benefit everyone," said Steve Ross, CEO of Hardcore Beverage Pty Ltd.
About Axxess Pharma Inc.: Axxess Pharma Inc. is a Nevada Corporation operating through its wholly owned Canadian Subsidiary: Axxess Pharma Canada Inc., headquartered in Toronto. Axxess is a specialty Health Care Products Company dedicated to improving health and quality of life by offering select medicines, nutritional supplements and over the counter remedies all across the Americas. Axxess's goal is to bring additional products to the market and provide new, innovative options for better health spanning areas such as high cholesterol, blood pressure, acute pain -- to optimal health management through improved nutritional supplements. To learn more about our new products TapouT Extreme Muscle Growth and TapouT Muscle Recovery, please visit: http://buytapoutme.com and http://www.tapoutmusclerecovery.com.
For more information, please visit www.axxesspharmainc.com, or contact Investor Relations at (973) 351-3868.
About TapouT: TapouT is a lifestyle brand that has been at the forefront of Mixed Martial Arts since its inception in 1997. The label is rapidly growing into other sports and categories, offering merchandise for men, women and kids. TapouT has endorsed high-profile professional athletes who compete in sports such as basketball, football, baseball, stock car racing, and most famously, MMA. TapouT is sold in sporting goods stores, specialty retailers and online. For updates and more information, please visit TapouT.com.
https://www.facebook.com/TapouT
https://twitter.com/TapouT
http://www.youtube.com/tapout
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks, estimated, expected, intended or projected. In each instance, forward-looking information should be and uncertainties.
Contact:
Investor Relations
Taylor Capitol, Inc.
Stephen Taylor
(973) 351-3868
staylor@TheStockAlerts.com
www.TheStockAlerts.com
Media Relations:
Jamie Schnee - PR
Nutritional Products International
(561) 544-0719
jamies@inhealthmedia.com
GARB
Garb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders on a Reverse Split and Provides Progress on Corporate Initiatives to Advance the Company
Jun 16, 2014
OTC Disclosure & News Service
-
Garb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders on a Reverse Split and Provides Progress on Corporate Initiatives to Advance the Company
LARGO, FL--(Marketwired - Jun 16, 2014) - Garb Oil & Power Corporation (OTC Pink: GARB) (PINKSHEETS: GARB) Today the Company's Chief Executive Officer and President Tammy Taylor released the following open letter to shareholders disclosing a reverse split and to provide progress on corporate initiatives to advance the Company.
TO THE SHAREHOLDERS OF GARB OIL & POWER CORPORATION
Over a month ago, the Company disclosed that at the time of uplift filing, if the Company's Common price per share (PPS) required a reverse split to qualify the elevation above OTC Pink Current Tier, that the Company would not lose a single shareholder. The Company has reached the point in time that in order to continue its progression toward elevation above OTC Pink Current Tier necessitates a reverse split of the Company's Common Stock.
The Company has been in discussions to acquire several profitable operating companies whose operations fit in the Company's business model. One such target operating company fits the Company's division relating specifically to the Medical Marijuana Industry since it produces related paraphernalia products. Acquiring this and other targeted operating companies require the Company to rely in part on institutional investors whose criteria includes the Company being fully reporting and uplifted, thus necessitating the reverse split so that the Company is able to continue its progression toward elevation above OTC Pink Current Tier. During the next quarter, the Company expects to acquire a few of the current targeted profitable operating companies. In addition, the Company is progressing to acquire both the Largo, Florida commercial office/warehouse and the Reddick, Florida industrial manufacturing site.
The Company's Board of Directors approved the following reverse split and other changes to the Company's Articles of Incorporation after receiving shareholder approval by majority written consent:
(a) Decrease the authorized common stock to 75,000,000 shares, $0.001 par value.
(b) Amend the conversion calculation of the Class B Preferred Stock, $2.50 par value, to the proportional calculation of converting to common stock based on the total par value of the Class B Preferred Stock being converted, divided by the average closing price per share of the Company's common stock over the preceding 10 trading days.
(c) Effect a 1 for 10,000 reverse stock split of the Company's issued and outstanding common stock outstanding June 27, 2014 with fractional shares being rounded up to the nearest 50 whole shares.
The Company Team continues to be committed to add shareholder value. The reverse split increases the availability of funding required for the Company to reach the full potential of its Business Model.
Sincerely,
Tammy Taylor, Chief Executive Officer and President
About Garb Oil & Power Corporation
Garb Oil & Power Corporation, OTCPink: GARB, has a long company history in the fast growing industry of waste recycling and specifically related to waste-to-energy. Garb is organized to utilize both next-generation machines and new technologies, including those contributed to the Company by the Burda Families, to vertically integrate into the waste refinement, recycling and energy industries. In addition to selling new tires, shredders and related recycling equipment, the Company's emphasis is for its own plants to produce profitable new and "green" solutions for waste-to-energy including the potential use of hemp, alternate energy sources, fuel enhancements, recycle fuel operations that utilize the fuel enhancement products, new equipment technologies that improve energy usage efficiency and utilizing recycled material in producing both useful and desirable products including wood pellets and medical marijuana paraphernalia.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements. These statements are based on current expectations and assumptions regarding future events and business performance and involve known and unknown risks, uncertainties and other factors that may cause industry trends or actual Company results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. Although the Company believes that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. All who read this press release should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.
Company Investor Relations Contact:
Garb Oil & Power Corporation
Drew S. Phillips
info@garbreorg.com
Telephone: 888-573-6622, Ext. 1
Investor Relations Firm Contact:
Pacific Equity Alliance LLC
Zachary R. Logan
info@pacificequityusa.com
Telephone: 858-886-7237
FIO
SNDK
(Reuters) - Chipmaker SanDisk Corp said it would buy flash storage device maker Fusion-io Inc for about $1.1 billion.
SanDisk's offer of $11.25 per share represents a premium of 21 percent to Fusion-io's Friday close.
Fusion-io's shares were trading at $11.35 before the bell on Monday. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)
Good Morning Beach. See it is going to be a very sunny "warm" day in Houston! Welcome home!
June 13 Premarket Briefing: 10 Things You Should Know
BY Joseph Woelfel | 06/13/14 - 06:54 AM EDT
Here are 10 things you should know for Friday, June 13:
1. -- U.S. stock futures were pointing slightly higher Friday while European stocks fell and oil prices surged as insurgents advanced toward Baghdad.
Stocks in London fell after Bank of England Governor Mark Carney predicted an interest rate hike might come sooner than expected.
Asian stocks finished the trading session higher.
2. -- The economic calendar in the U.S. on Friday includes the Producer Price Index for May at 8:30 a.m. EDT, and the University of Michigan Sentiment Index for June at 9:55 a.m.
3. -- U.S. stocks on Thursday declined with the S&P 500 down 0.71% to 1,930.1, following its biggest daily decline in three weeks a day earlier. However, the index is only 1.1% lower than its record-breaking close of 1,951.27 achieved on Monday.
The Dow Jones Industrial Average tumbled 0.65% to close at 16,734.19 on Thursday, and the Nasdaq shed 0.79% to 4,297.63.
4. -- Intel (INTC_) raised its revenue guidance for the second quarter to $13.4 billion to $14 billion after saying that sales of computers for businesses have been stronger than expected.
The world's largest chipmaker previously had expected revenue of $12.5 billion to $13.5 billion in the quarter.
The company also said it expects stronger profit margins.
5. -- The group that owns Univision Communications, the dominant Spanish-language broadcaster in the U.S., have held preliminary discussions in recent weeks with several media companies, including CBS (CBS_) and Time Warner (TWX_), The Wall Street Journal reported, citing people familiar with the matter.
Univision is controlled by a consortium of investors including billionaire Haim Saban. The owners are seeking more than $20 billion for the company, according to people familiar with the matter, the Journal reported. The group bought Univision for $13.7 billion, including debt, in early 2007.
6. -- Tesla (TSLA_), the electric carmaker, promised Thursday to give away the company's entire patent portfolio to all comers, as long as they promised not to engage courtroom battles over intellectual property.
"If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal," CEO Elon Musk wrote in a blog on the company's Web site.
The decision opens the door to more collaboration with Tesla, which already is making electric systems for Daimler and Toyota (TM_). Other automakers using Tesla's technology could potentially share the cost of Tesla's charging stations, for example, and more charging stations could entice skeptical buyers to try electric cars.
7. -- Shares of clothing retailer Express (EXPR_) soared in after-hours trading on Thursday after Sycamore Partners said it's interested in acquiring the company.
Sycamore said in a regulatory filing that it acquired a 9.9% stake in Express.
Sycamore said it sent a letter to the board of Express expressing its desire to do due diligence on the company so it could determine an offer price.
Express, in a press release late Thursday, said it established a special board committee "to determine a course of action it believes is in the best interest of all stockholders."
8. -- Finisar (FNSR_) posted fiscal fourth-quarter adjusted earnings of 36 cents a shaere, 2 cents shy of analysts' projections.
Revenue of $306 million in the quarter rose 25.7% from the same period a year earlier.
The maker of optical components said it expects first-quarter revenue of $320 million to $335 million
9. -- Canada's Amaya Gaming Group agreed to buy the parent of online poker brands PokerStars and Full Tilt Poker for $4.9 billion.
Oldford Group is the parent company of Rational Group, which owns and operates PokerStars and Full Tilt Poker.
The deal would create the world's largest online gambling company, according to The New York Times.
10. -- The U.S. Marshals Service said it will auction roughly $18 million in bitcoins seized last fall from Silk Road, a Web site that was effectively the eBay of illegal drugs.
The marshals said Thursday they will auction the virtual "coins," consisting of sets of numbers entered in an online public ledger, via the Web on June 27.
Apple Is Regaining Its Momentum After the Stock Split
High-Yielding Seadrill Will Sail Through Difficult Waters
-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel
To submit a news tip, send an email to:tips@thestreet.com.
Follow @josephwoe58
Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
APC
Anadarko Rises on Hopes of Exxon Mobil Acquisition - Analyst Blog
By Zacks.com, June 12, 2014, 05:24:00 PM EDT
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As per the market sources, independent oil and natural gas exploration and production (E&P) company Anadarko Petroleum Corp. ( APC ) may be acquired by the energy giant Exxon Mobil Corp. ( XOM ). After the market rumor, the trading volume of Anadarko Petroleum jumped 211.6% to 11,688,364 on Jun 11, 2014 from its last 10 days average volume.
Shares of Anadarko Petroleum hit its 52-week high of $109.00 on Jun 11, 2014 following the news. Finally, the share price closed at $108.32, up roughly 4.2% from the previous day's closing.
Is Anadarko a Buyout Candidate?
There are several factors which could make Anadarko Petroleum a very attractive take-over target for energy biggies like Exxon Mobil, Chevron Corporation ( CVX ), BP plc ( BP ) and several others.
Anadarko Petroleum is engaged in exploration, development, production, gathering, processing and marketing of natural gas, crude oil, condensate and natural gas liquids (NGL). The company's operations are strategically located in several mineral-rich areas, including the Rocky Mountain region, the Appalachian Basin and the deepwater Gulf of Mexico (GoM).
In addition, Anadarko Petroleum is also active in numerous international locations like Brazil, Ghana, Indonesia, Liberia, Mozambique and Sierra Leone. Anadarko Petroleum maintains a disciplined capital spending program to expand its domestic as well as overseas operations.
In first-quarter 2014, the company has increased estimated recoverable resource range at its operations in Offshore Area 1, Mozambique. Currently, the company plans to explore the immense resource prospects of the Eagleford, Wattenberg and WolfCamp basins.
The scheduled completion of the growth ventures along with obtaining positive drilling outcomes acts as value driver for reserve additions. At the end of 2013, Anadarko Petroleum had total proved reserves of 2,792 million barrels of oil equivalent (MMBOE). It consists 55% of natural gas, 30% of oil & condensates and 15% of NGL.
To Sum Up
Per a U.S. Energy Information Administration (EIA) report published in Jun 2014, the average consumption for global petroleum and other liquids will likely increase 1.4% year over to around 91.8 million barrels per day. Primarily, higher demand from China is expected to boost the future consumption level.
On the natural gas front, average total natural gas consumption is expected to be 72.5 billion cubic feet per day in 2014. Higher demand from the industrial sector on the back of an improvement in manufacturing sector may lead to a 1.7% year-over-year rise in 2014 natural gas consumption.
Anadarko Petroleum's reserves are well-positioned to meet increasing customer demand. So, the natural gas weighted assets of Anadarko Petroleum will allow the buyer to reap benefits of a natural gas boom worldwide.
Anadarko Petroleum has resolved the Tronox case. This has removed the legal burden from the company, thus making it more lucrative for the acquirers.
We believe that Anadarko Petroleum's well-diversified portfolio of properties backed by steady exploration activities, asset realignment program through systematic divestitures, strong proved reserve base, a stable cash position and settlement of the Tronox case make it a favorable candidate for acquisition.
Anadarko Petroleum currently has a Zacks Rank #3 (Hold).
Read more: http://www.nasdaq.com/article/anadarko-rises-on-hopes-of-exxon-mobil-acquisition-analyst-blog-cm361440#ixzz34Vv4Hmny
OREX
Orexigen Slumps as Obesity Drug Approval Delayed - Analyst Blog
By Zacks.com, June 12, 2014, 06:28:00 PM EDT
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Orexigen Therapeutics, Inc. 's ( OREX ) shares were down 14.68% after the company announced that the FDA has delayed the action date for its obesity candidate, NB32, by three months. The news is highly disappointing considering that the market was gearing up for a potential approval in Jun 2014. Now, a final decision from the FDA is expected by Sep 11.
The FDA extended the review period to reach an agreement on a post-marketing obligation related to the previously agreed-upon evaluation of cardiovascular outcomes for NB32. We remind investors that NB32's regulatory application contained interim safety and cardiovascular outcomes data from the ongoing Light study. We note that the FDA did not raise any issue with the data submitted.
Orexigen is also looking to get NB32 approved in Europe. A regulatory decision from the European Commission is expected later this year.
We note that the company has a strong partner in North America in the form of Takeda Pharmaceutical Company Limited ( TKPYY ). Takeda has experience in the metabolic disorder market, which should be beneficial. Orexigen has rights to NB32 outside North America and is looking for a partner to commercialize NB32 in ex-North America territories.
We note that NB32, once launched, will enter a highly crowded obesity market with products like Qsymia and Belviq. Given the Light study data, expectations remain high that the candidate will eventually be approved and will most likely be more successful than currently available obesity treatments.
Orexigen carries a Zacks Rank #4 (Sell). Some better-ranked biopharma stocks include Gilead Sciences Inc. ( GILD ) and Regeneron Pharmaceuticals, Inc. ( REGN ) carrying a Zacks Rank #1 (Strong Buy).
Read more: http://www.nasdaq.com/article/orexigen-slumps-as-obesity-drug-approval-delayed-analyst-blog-cm361447#ixzz34VuRJ7pJ
TSLA
UPDATE 1-BMW and Tesla executives meet to discuss electric cars
Fri Jun 13, 2014 5:00am EDT
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* BMW and Tesla executives seek ways to promote electric cars
* Meeting was held on Wednesday
* BMW declines to comment in detail about nature of talks (Adds detail on nature of potential collaboration, background)
FRANKFURT, June 13 (Reuters) - German premium auto maker BMW said its managers had met with executives from U.S.-based Tesla Motors Inc to discuss ways to promote the use of electric cars.
Both BMW and electric car maker Tesla and are seeking ways to raise the popularity of battery-powered cars among consumers, who have been deterred by their limited range and the time it takes them to recharge.
"Both companies are strongly committed to the success of electro-mobility and discussed how to further strengthen the development of electro mobility on an international level," a BMW spokesman said in a statement on Friday.
BMW said the meeting had taken place on Wednesday but declined to comment in detail about the nature of the talks, or about which BMW executives has met with Tesla.
In a conference call on Thursday, Tesla Chief Executive Elon Musk suggested there had been talks with other carmakers, including BMW, about how to promote the use of electric vehicles and how to make better use of its network of charging stations.
In January, Tesla and rail operator Deutsche Bahn opened high-speed charging stations along key autobahn routes in Germany in an effort to make electric cars viable for long-distance commuting.
Tesla also said on Thursday that it would allow others to make use of its intellectual property in hopes of speeding up development of electric cars by all manufacturers.
Musk said this included all of Tesla's patents, including several hundred current ones and several thousand in the future.
German premium auto makers have been keen to collaborate with Tesla.
In January, Daimler Chief Executive Dieter Zetsche said the German maker of Mercedes-Benz cars was open to deepening its partnership with the U.S. firm.
Daimler holds a 4.3 percent stake in Tesla, which is already supplying it with electric motors and batteries for its Smart Fortwo electric vehicle (EV) and the new Mercedes-Benz B-Class EV. (Reporting by Edward Taylor; Editing by Jonathan Gould and Pravin Char)
MRIB
MoneyTV with Donald Baillargeon, 6/13
Jun 13, 2014
OTC Disclosure & News Service
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MoneyTV with Donald Baillargeon, 6/13
PR Newswire
LOS ANGELES, June 13, 2014
LOS ANGELES, June 13, 2014 /PRNewswire/ -- Being dead-broke and a Clinton, solar power, wood pellets, vodka in Costco, e-commerce, oil and gas; this week on MoneyTV with Donald Baillargeon. MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.mytv.net), featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
XsunX, Inc. (OTCBB: XSNX) CEO Tom Djokovich discussed the company's business model of commercial solar installations and their lease-to-own financing program.
Marani Brands, Inc. (Pink Sheets: MRIB) CEO Margrit Eyraud announced the shipping container with Marani inventory had arrived in the USA ahead of schedule.
Paradigm Oil and Gas, Inc. (Pink Sheets: PDGO) CEO Vince Vellardita announced new well activity and discussed the US oil industry in general.
Kleangas Energy Technologies, Inc. (Pink Sheets: KGET) Executive VP Don Willis announced the completion of a significant acquisition.
Warp 9, Inc. (OTCBB: WNYN) CEO Andrew Van Noy discussed the growth in e-commerce and their association with Magento.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net
MoneyTV Executive Producer and Anchor Donald Baillargeon is also the host of MoneyRap Radio, http://www.moneyrap.com and the daily television program Global Financial News Minute with Donald Baillargeon.
MoneyTV with Donald Baillargeon television program, Copyright MMXIV, all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,995.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producer, publisher or parent company of MoneyTV.
Contact:
Donald Baillargeon
info@moneytv.net
949 388 5267
SOURCE MoneyTV; XsunX, Inc.; Marani Brands, Inc.; Paradigm Oil and Gas, Inc.; Kleangas Energy Technologies, Inc.; Warp 9, Inc.
Good Morning Beach! Hope you enjoyed the mountains!
I just doubled my position!
Just meant that it was dropping today. Guess it can't go up forever. Have to have a pullback eventually.
I am all for that!! When is the reversal going to happen? 200 MA?
GERN Gapper 27.3%
AXXE
Axxess Pharma Inc. Completes Delivery of Initial Order for Army Air Force Exchange Service (AAFES)
Jun 12, 2014
OTC Disclosure & News Service
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Axxess Pharma Inc. Completes Delivery of Initial Order for Army Air Force Exchange Service (AAFES)
Management Now Preparing to Meet With Some of the Largest Retailers in the United States at Next Week's ECRM EPPS Event
TORONTO, ON--(Marketwired - Jun 12, 2014) - Axxess Pharma Inc. (PINKSHEETS: AXXE) a specialty pharmaceutical and nutritional supplements company is pleased to announce through its wholly owned subsidiary AllStar Health Brands Inc. that it has delivered on its initial order to the Army Air Force Exchange Service (AAFES), valued at almost $30,000.
AllStar Health Brands, Inc. is now preparing to attend next week's ECRM (Efficient Collaborative Retail Marketing) EPPS (Efficient Program Planning Sessions) event. Throughout the event, representatives from All Star Health Brands will hold more than 80 meetings with some of the largest retailers and distributors in the country. Each meeting will be 20 minutes in length, and will allow representatives from the company to present information on their leading product line, TapouT Muscle Recovery, to buyers from major companies like Walmart, CVS and Walgreens, among many others.
"Axxess Pharma is extremely proud to be associated with the AAFES and able to provide quality products to Armed Forces personnel and their families," stated Dr. Bagi, President of Axxess Pharma Inc. "Next week at the ECRM we have numerous scheduled meetings with large national retailers, and expect to close with several of them as we have been receiving very positive feedback on the quality and efficacy of our TapouT pain relief and supplements."
Axxess has recently added Muscle Foods to its growing list of prominent retailers.
TapouT Pain Relief contains a unique mixture of seven different essential oils, which together help reduce pain and muscle fatigue while the Muscle Growth and Muscle Recovery supplements facilitate the growth of new muscle tissue. It increases blood flow to the muscles without thinning the blood, making it the ideal exercise supplement for individuals suffering from any number of health conditions.
To learn more about the TapouT line, go to http://www.tapoutmusclerecovery.com.
About Axxess Pharma Inc.:
Axxess Pharma Inc. is a Nevada Corporation operating through its wholly-owned Canadian Subsidiary: Axxess Pharma Canada Inc., headquartered in Toronto. Axxess is a specialty Health Care Products Company dedicated to improving health and quality of life by offering select medicines, nutritional supplements and over the counter remedies all across the Americas. Axxess's goal is to bring additional products to the market and provide new, innovative options for better health spanning areas such as high cholesterol, blood pressure and acute pain to optimal health management through improved nutritional supplements.
For more information, please visit www.axxesspharmainc.com, or contact Investor Relations at (973) 351-3868.
About TapouT:
TapouT is a lifestyle brand that has been at the forefront of Mixed Martial Arts since its inception in 1997. The label is rapidly growing into other sports and categories, offering merchandise for men, women and kids. TapouT has endorsed high-profile professional athletes who compete in sports such as basketball, football, baseball, stock car racing, and most famously, MMA. TapouT is sold in sporting goods stores, specialty retailers and online. For updates and more information, please visit TapouT.com.
https://www.facebook.com/TapouT
https://twitter.com/TapouT
http://www.youtube.com/tapout
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Contact:
Investor Relations
Taylor Capitol, Inc.
Stephen Taylor
(973) 351-3868
STEPHTAYL9@AOL.COM
www.TheStockAlerts.com
YTRV
Mining Global, Inc. Lands Substantial Gold Processing Deal.
Jun 12, 2014
OTC Disclosure & News Service
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Mining Global, Inc. Lands Substantial Gold Processing Deal.
PR Newswire
WICKENBURG, Ariz., June 12, 2014
WICKENBURG, Ariz., June 12, 2014 /PRNewswire/ -- Mining Global, Inc. (OTC Pink: YTRV), announced today that it has been contracted to process 250,000 tons of tailings located in Congress, Arizona not far from the company headquarters in Wickenburg, Arizona.
"An opportunity to process tailings where we know gold has been found before using antiquated technology gives the company a strong baseline to work with, and an even stronger future moving forward," said CEO Joel J. Natario with respect to this new contract. "The processes to extract gold from ore bodies has come a long way, especially over the past decade, that being said, this contract will provide Mining Global, Inc. the ability to create revenues, which is the very lifeblood of any company, Mining Global, Inc. is no exception.
The contracted tailings, while previously processed during the end of the 19th Century merit further processing with the dramatic increase in gold prices since that time.
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/YTRV/filings
About Mining Global Inc.
Mining Global's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE Mining Global, Inc.
Copyright © 2014 PR Newswire. All Rights Reserved
VPER
Viper Networks Receives LED Light Order From Sri Lanka's Ministry of Fisheries
Jun 12, 2014
OTC Disclosure & News Service
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TROY, Mich., June 12, 2014 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), an intelligent LED lighting solutions provider, is pleased to announce that the Company has received their first order of LED lights on behalf of Sri Lanka's Ministry of Fisheries and Aquatic Resources for one of the country's sea harbor ports.
This initial order represents the commencement of LED light manufacturing in partnership with Apollo Metro Solutions for delivery to one of Sri Lanka's twenty-nine (29) established or newly constructed harbors.
Once installation is complete for this first relatively smaller order, the Company expects to receive larger orders from the Ministry of Fisheries to eventually facilitate manufacturing and delivery of LED lights to a majority of the remaining harbors throughout Sri Lanka over a period of several years.
Regarding the $20 million and $25 million term sheets to help finance the Company's larger scale LED lamp orders for Sri Lanka's streets and highways, management notes that the process is working its way through the system and that final government approval or not is projected to happen within the next two months.
In other developments, the Company's wholly-owned subsidiary Viper Agricultural Technology expects to unveil their latest Fast Grow LED technology products in partnership with Apollo Metro Solutions very soon.
Although the Company began developing their Fast Grow LED lights for faster, more abundant vegetation/plant growth for the livestock industry, strong demand from another plant sector has focused Viper Networks and Apollo Metro's LED product development efforts specifically for the rapidly developing market of legal marijuana growth and sales throughout the United States.
ABOUT VIPER NETWORKS
Viper Networks (in partnership with Apollo Metro) is a manufacturer and distributor of highly-efficient LED lighting to provide superior LED lighting solutions for streets and highways, parking lots and warehousing facilities everywhere. By combining LED Lighting, Wireless MESH, Sensors, Infrared and Video into a single design; Apollo Metro Solutions' proprietary line of wireless products can be applied to existing infrastructure worldwide.
Additionally, the Company provides (in partnership with Apollo Metro) Fast Grow LED light technology products for faster, more abundant vegetation and plant growth for numerous industry sectors worldwide.
Viper Networks also provides telecom engineering services to telecommunication service providers of various telecom networks in the U.S., Middle East and Northern Africa with top tier expertise in wireless communications.
For additional information, see www.ViperNetworks.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
CONTACT: Investor Relations:
Heritage First Capital & Equity Research Group, LLC
Scott Gibson, 407.444.5959
MU
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Why Micron Technology (MU) Stock Will Be Higher Today
BY Tedd Cohen | 06/11/14 - 08:22 AM EDT
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NEW YORK (TheStreet) -- Shares of Micron Technology Inc. (MU_) were upgraded to "buy" from "underperform" at Bank of America/Merrill Lynch (BAC_) with a price target of $40 from $22 based on a likely shortage of DRAM chips.
The stock is up 1.76% to $30.03 in pre-market trade.
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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Separately, TheStreet Ratings team rates MICRON TECHNOLOGY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
MU's very impressive revenue growth greatly exceeded the industry average of 3.2%. Since the same quarter one year prior, revenues leaped by 97.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
Powered by its strong earnings growth of 317.85% and other important driving factors, this stock has surged by 141.59% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MU should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
MICRON TECHNOLOGY INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MICRON TECHNOLOGY INC turned its bottom line around by earning $1.00 versus -$1.04 in the prior year. This year, the market expects an improvement in earnings ($3.06 versus $1.00).
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 355.6% when compared to the same quarter one year prior, rising from -$286.00 million to $731.00 million.
The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, MICRON TECHNOLOGY INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
You can view the full analysis from the report here: MU Ratings Report
JIVE
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Why Jive Software (JIVE) Stock Is Up Today
BY Keris Alison Lahiff | 06/11/14 - 03:42 PM EDT
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NEW YORK (TheStreet) -- Jive Software (JIVE_) stock is gaining late in Wednesday's session after CEO and chairman Tony Zingale disclosed his purchase of 100,000 shares. The executive acquired the shares of common stock at $7.55 a share.
Shortly before market close, Jive Software was up 5.7% to $8.07. Trading volume of 1.2 million shares had exceeded its three-month daily average of 800k.
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------------------------
Separately, TheStreet Ratings team rates JIVE SOFTWARE INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JIVE SOFTWARE INC (JIVE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Software industry. The net income has decreased by 4.3% when compared to the same quarter one year ago, dropping from -$16.60 million to -$17.32 million.
Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Software industry and the overall market, JIVE SOFTWARE INC's return on equity significantly trails that of both the industry average and the S&P 500.
Net operating cash flow has significantly decreased to $1.89 million or 67.55% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
JIVE's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 53.23%, which is also worse than the performance of the S&P 500 Index. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
JIVE SOFTWARE INC reported flat earnings per share in the most recent quarter. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, JIVE SOFTWARE INC reported poor results of -$1.11 versus -$0.76 in the prior year. This year, the market expects an improvement in earnings (-$0.41 versus -$1.11).
You can view the full analysis from the report here: JIVE Ratings Report
AMD
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Why Advanced Micro Devices (AMD) Stock Is A 'Hold' At TheStreet
BY Shawn Ingram | 06/11/14 - 03:52 PM EDT
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NEW YORK (TheStreet) -- TheStreet Ratings team reiterated its "hold" rating on Advanced Micro Devices (AMD_) Wednesday with a ratings score of C-.
Shares of AMD were gaining 2.4% to $4.30.
More than 17.8 million shares of AMD were traded by 3:45 p.m., compared to the daily average trading volume of about 20.3 million shares.
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TheStreet Ratings team rates ADVANCED MICRO DEVICES as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ADVANCED MICRO DEVICES (AMD) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, relatively poor performance when compared with the S&P 500 during the past year and generally higher debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
The revenue growth came in higher than the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 28.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
ADVANCED MICRO DEVICES reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, ADVANCED MICRO DEVICES continued to lose money by earning -$0.11 versus -$1.59 in the prior year. This year, the market expects an improvement in earnings ($0.16 versus -$0.11).
38.44% is the gross profit margin for ADVANCED MICRO DEVICES which we consider to be strong. Regardless of AMD's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, AMD's net profit margin of -1.43% significantly underperformed when compared to the industry average.
The debt-to-equity ratio is very high at 4.18 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Even though the debt-to-equity ratio is weak, AMD's quick ratio is somewhat strong at 1.26, demonstrating the ability to handle short-term liquidity needs.
Net operating cash flow has decreased to -$204.00 million or 31.61% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
You can view the full analysis from the report here: AMD Ratings Report
KNDI
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Kandi, Not Tesla, Will Dominate China's Electric Car Market: StockTwits
BY Catherine Holahan | 06/11/14 - 03:54 PM EDT
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NEW YORK (TheStreet) -- Electric vehicle manufacturer Kandi Technologies (KNDI_) revved ahead Wednesday as investors reacted to a Chinese-language report showing the strength of Kandi's electric vehicle business.
The report, which many translated via Google, indicated that Kandi small electric vehicle production reached 1,565 cars in May. Tesla (TSLA_), for comparison, imported 532 cars, according to the translated article.
The news came in the wake of a series of bullish articles on the Chinese electric car industry. The Wall Street Journal reported Saturday that China is changing how it offers green sales subsidies to electric car makers, making it easier for companies to sell cars outside their local province. Reuters reported that BMW will deliver electric cars to China in September, and executives believe the country will quickly become the biggest market for electric vehicles.
Kandi shares rose 4.4% today, as of 3:15 p.m. The stock is up about half-a-percent since the start of the month. The stock was among the top trending tickers on StockTwits.com Wednesday afternoon. Sentiment is 91% bullish, according to StockTwits' analytics.
The stock climbed more than 9% after Kandi reported earnings last month, but those gains faded somewhat over the course of the month. The company said in May that revenues increased 174% in the first quarter to $40.2 million. Electric vehicle sales rose nearly 385% to $8.4 million. The company also reported net income, excluding the impact of financial derivatives and stock awards, of $1.6 million. That was 30.4% higher than comparable net income in the first quarter of 2013.
In a earnings press release, management expressed confidence in the continued growth of its electric vehicle business. In addition to its electric car manufacture and rental business, the company also sells all-terrain vehicles, Go-Karts and motorcycles.
"We are very confident about the continuous high growth of our EV business. Through out partnership with Geely and our advanced production capabilities, we soon expect to become the leading fully integrated provider of pure EVs in China."
Some investors argued Wednesday that China's lottery for car license plates -- a method of curbing traffic congestion in big cities -- is fueling demand for electric car rentals. They bet Kandi's stock would continue to rise as long as China kept its lottery and the nation's car-demanding middle class continued to swell.
TIBX
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Why TIBCO Software (TIBX) Stock Is Surging in After-Hours Trading Today
BY Andrew Meola | 06/11/14 - 04:29 PM EDT
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NEW YORK (TheStreet) -- TIBCO Software (TIBX_) surged in after-hours trading on Wednesday after Praesidium Investment Management, which owns approximately 5.5 million TIBCO shares, sent a bullish letter to the company's board of directors.
Praesidium, which invests for the long-term on behalf of its clients and often suggests constructive ideas to management and boards of directors, said the following to TIBCO in the letter, according to TheFlyonTheWall:
"We believe that TIBCO has a unique collection of valuable assets and industry leading technology, with products in some of the fastest-growing areas of software, such as data discovery, analytics, and complex event processing. However, we also see a company that is currently falling far short of its significant potential, resulting in what we see as a material disconnect between the high strategic value of TIBCO's technology and the price of TIBCO's stock in the public market.
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"We believe there is a substantial opportunity to unlock value at TIBCO and we look forward to a constructive dialogue with the Board on ways to achieve this. The Board should trust that as fiduciaries of our clients' capital we will do what is necessary to ensure that shareholder value is maximized at TIBCO."
The stock was up 5.21% to $21.81 at 4:25 p.m.
TheStreet Ratings team rates TIBCO SOFTWARE INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIBCO SOFTWARE INC (TIBX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
The net income growth from the same quarter one year ago has significantly exceeded that of the Software industry average, but is less than that of the S&P 500. The net income increased by 27.8% when compared to the same quarter one year prior, rising from $9.51 million to $12.15 million.
Despite its growing revenue, the company underperformed as compared with the industry average of 7.7%. Since the same quarter one year prior, revenues slightly increased by 6.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
TIBCO SOFTWARE INC has improved earnings per share by 16.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TIBCO SOFTWARE INC reported lower earnings of $0.51 versus $0.72 in the prior year. This year, the market expects an improvement in earnings ($0.98 versus $0.51).
Net operating cash flow has decreased to $52.87 million or 16.37% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Software industry and the overall market, TIBCO SOFTWARE INC's return on equity is below that of both the industry average and the S&P 500.
You can view the full analysis from the report here: TIBX Ratings Report
ACHN
Achillion Surges Two Days in a Row, HCV in Focus - Analyst Blog
By Zacks.com, June 11, 2014, 05:10:00 PM EDT
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Achillion Pharmaceuticals, Inc. 's ( ACHN ) shares are up more than 170% in just two days.
In the last trading session, the share price soared 83.29% after the company announced that the FDA has removed the clinical hold on its hepatitis C virus (HCV) candidate, sovaprevir, which is an NS3/4A protease inhibitor.
We remind investors that the regulatory body had placed a clinical hold on sovaprevir in June last year after observing elevations in liver enzymes in a phase I study. The FDA has now allowed Achillion to conduct studies with once daily sovaprevir (a maximum of 200 mg) in patients suffering from HCV and in single dose trials on healthy volunteers. However, the FDA maintained a partial clinical hold and stated that prior review and approval of the protocol will be required if the company needs to conduct multiple dose studies in healthy volunteers.
Apart from sovaprevir, another HCV candidate, ACH-3422, is also in focus at Achillion. The company has started dosing patients in its phase I study with proof-of-concept results expected this fall. Moreover, the company plans to initiate all oral combination studies with ACH-3422 later this year.
We are pleased to see Achillion progressing with its HCV pipeline. The HCV market is currently led by Gilead Sciences ( GILD ). Gilead's HCV treatment Sovaldi (launched in Dec 2013) generated revenues of $2.27 billion in the first quarter of 2014. Moreover, the company is looking to get a combination therapy of ledipasvir and Sovaldi approved in the U.S. and EU. Several big pharma/biotech are developing therapies targeting the lucrative HCV market.
Achillion had gained 47.6% on Monday's trading session on the announcement that Merck & Co. Inc. ( MRK ) would be acquiring Idenix Pharmaceuticals, Inc. ( IDIX ) for $3.85 billion. The deal represents a premium of approximately 238.9% on Idenix's price before the offer was announced. For more details, check out our article on the topic " Idenix Skyrockets on Merck Acquisition Deal ".
Achillion, with its HCV pipeline, is being viewed as a potential takeover target.
Achillion carries a Zacks Rank #4 (Sell). Gilead is a better-ranked stock with a Zacks Rank #1 (Strong Buy).
Read more: http://www.nasdaq.com/article/achillion-surges-two-days-in-a-row-hcv-in-focus-analyst-blog-cm361047#ixzz34Q08WuWE
NEWL up 6%
ATML
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Bulls Bet Atmel Will Keep Running
BY OptionMonster | 06/11/14 - 05:45 AM EDT
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Find out if (ATML) is in Cramer's Portfolio.
By David Russell of OptionMonster
NEW YORK -- Atmel (ATML_) has been barreling higher and on Tuesday the bulls piled in.
OptionMonster's tracking systems detected heavy buying in the August 10 calls, with initial blocks trading for 25 cents to 30 cents. The chipmaker's stock worked its way higher, and those premiums rose to 40 cents by the early afternoon. Some 16,700 contracts changed throughout the session, almost 38 times the strike's previous open interest, indicating that new positions were initiated.
Long calls lock in the price where a stock can be purchased, letting investors cheaply position for a rally. The contracts can provide substantial upside leverage but can also lose value if shares stall or pull back.
Atmel shares rose 3.49% to $9.20 on Tuesday and are up 18% in the last month. The semiconductor company's most recent earnings report on April 30 beat expectations on the top and bottom lines. The stock ground sideways for the next three weeks but then found support at its 200-day moving average and has been ripping higher since.
Overall option volume in the name was 48 times greater than average in the session, with calls accounting for a bullish 97% of the total.
Russell has no positions in ATML.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
END up 31%
Endeavour Comments on Stock Price and Updates Q2 2014 Guidance
PR Newswire
Endeavour International Corporation 41 minutes ago
HOUSTON, June 10, 2014 /PRNewswire/ -- Endeavour International Corporation (END) (ENDV.L) today announced that it has received numerous calls from analysts and investors making inquiries regarding recent market activity in the Company's stock. Management of the Company is unaware of any reason why recent trading of the stock has resulted in a significant decrease in its price over the last few days.
William L. Transier, the Company's Chairman, President and Chief Executive Officer, stated: "Endeavour remains committed to generating value for its shareholders through exploitation of our assets, operational efficiencies and managing the capital structure. Since our last update to the market in early May, our three large U.K. assets have been online and producing at consistent rates. As a result, we are revising our second quarter production guidance to 10,500-11,500 barrels of oil equivalent per day ("boepd") up from our previous guidance of 9,000-10,000 boepd.
Regarding liquidity, we have executed another Forward Sale for $22.5 million and have settled an insurance claim for the Rochelle E1 well, damaged in early 2013, for £7.5 million (approximately $12.6 million). The insurance claim is expected to be paid before the end of this month."
The Company's second quarter conference call will be held on August 5, 2014 to update the markets on its operational and financial activities.
About Endeavour International Corporation
Endeavour International Corporation is an international oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and United States. For more information, visit www.endeavourcorp.com.
Forward-looking Statements
This press release contains certain "forward-looking statements," as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended, relating to future events and the financial performance of Endeavour. Such statements are only predictions and involve risks and uncertainties, resulting in the possibility that the actual events or performance will differ materially from such predictions as a result of certain risk factors. As such, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as to management's plans, assumptions and expectations as of the date hereof. Please refer to Endeavour's Annual Report on Form 10-K for the year ended December 31, 2013 filed with the SEC on March 17, 2014, Form 10-K/A filed on March 21, 2014 and other filings for a discussion of material risk factors. Endeavour disclaims any duty to update or alter any forward-looking statements, except as required by applicable law.
YTRV
Yaterra Announces Successful Acquisition of Mining Global, Inc.
Jun 10, 2014
OTC Disclosure & News Service
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Yaterra Announces Successful Acquisition of Mining Global, Inc.
PR Newswire
WICKENBURG, Ariz., June 10, 2014
WICKENBURG, Ariz., June 10, 2014 /PRNewswire/ -- Yaterra Ventures Corp. (OTC Pink: YTRV), announced today that it has successfully acquired Arizona based Mining Global, Inc. fulfilling it's previously announced intention to do so, making this Yaterra Ventures' first step toward the gold mining industry official.
"This is a huge milestone for the Company," said Mr. Joel J. Natario, CEO of Yaterra Ventures Corp. "We now have a core value producing asset in our arsenal from which to spring-board revenues and profitability."
The acquired entity Mining Global, Inc. is registered under the laws of Arizona and has mining interests in the Wickenburg and in the Kingman, Arizona areas. While Arizona based, Mining Global also has strong ties to gold projects in select countries throughout the world.
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/YTRV/filings
About Yaterra Ventures Corp.
Yaterra's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Yaterra's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE Yaterra Ventures Corp.
Copyright © 2014 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
ON
Chipmaker ON Semiconductor to buy Aptina Imaging for $400 mln
4:38pm EDT
June 9 (Reuters) - ON Semiconductor Corp, a maker of power-management chips, said it would buy Aptina Imaging for about $400 million in cash to accelerate its growth in the automotive and industrial markets.
Shares of ON Semiconductor rose a little over 2 percent to $9.18 in extended trading on Monday.
ON Semiconductor said it expects the deal to immediately add to earnings.
(Reporting By Sampad Patnaik in Bangalore; Editing by Savio D'Souza)
© Thomson Reuters 2014. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.
Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit: www.reutersreprints.com.
GoDaddy IPO
UPDATE 1-GoDaddy files for IPO of up to $100 mln
5:52pm EDT
(Adds details)
June 9 (Reuters) - Web hosting company GoDaddy Inc filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of Class A common stock.
Morgan Stanley, J.P. Morgan and Citigroup are the lead underwriters for the IPO, the company told the U.S Securities and Exchange Commission in a preliminary prospectus.
The filing did not reveal how many shares the company planned to sell or their expected price.
GoDaddy joins a number of high-profile tech businesses that have either gone public or filed to go public this year, following Twitter Inc's successful debut last November.
GoDaddy, which had 12 million customers as of March 31, did not specify the exchange it intends to list on or the symbol it would adopt.
Reuters reported in March that the company, known for advertisements featuring race car driver Danica Patrick, was eyeing an initial public offering.
Scottsdale, Arizona-based GoDaddy, founded in 1997, was acquired by a private equity consortium led by KKR & Co LP and Silver Lake in 2011 for $2.25 billion. Each of these private equity firms owns a 28 percent stake in the company.
The company's other private equity owners include Technology Crossover Ventures with about a 12.6 percent stake.
GoDaddy is led by Blake Irving, who also served as chief product officer at Yahoo Inc from 2010 to 2012.
In a separate statement, the company said on Monday that founder Bob Parsons had resigned as executive chairman of the board.
GoDaddy filed to go public in 2006 but was told at the time that it would have to take a 50 percent haircut - a percentage subtracted from the par value of assets being used as collateral - on its initial public offering.
The company decided instead to pull its filing, citing unfavorable market conditions.
GoDaddy will use the proceeds from the offering to repay debt and for general corporate purposes, the company said.
The company's net loss fell less than a percent to $51.3 million for the three months ended March 31 from a year earlier. Revenue rose about 22 percent to $320.2 million.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different. (Reporting by Avik Das in Bangalore; Editing by Simon Jennings)
© Thomson Reuters 2014. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.
Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit: www.reutersreprints.com.
MRIB
Marani Brands Discusses Costco's Distribution to Company's Stores, 105 Million Dollars in International Contracts and Financials on MoneyTV With Donald Baillargeon
Jun 09, 2014
OTC Disclosure & News Service
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Marani Brands Discusses Costco's Distribution to Company's Stores, 105 Million Dollars in International Contracts and Financials on MoneyTV With Donald Baillargeon
TUSTIN, CA--(Marketwired - Jun 9, 2014) - Marani Brands (OTC Pink: MRIB) (PINKSHEETS: MRIB) CEO Margrit Eyraud and VP Dan Senters give Donald Baillargeon of MoneyTV updates on key topics of the Company's Distribution through Costco, the 105 million dollar contracts and Financials to be filed.
Watch video at http://player.vimeo.com/video/97479656
About Marani Brands Inc.
Marani Brands, Inc. develops, positions, markets and distributes fine wine and spirit products in the United States. Its signature product "Marani Vodka," is an ultra-premium vodka manufactured exclusively for Marani in Armenia. It is made from late-harvest Armenian winter wheat, distilled three times, filtered twenty-five times and then, through a proprietary process, is aged in oak barrels lined with honey and skimmed dried milk to give it its unique taste. Marani Vodka was awarded the Gold Medal in the prestigious International Spirit Competition, held in San Francisco, California, in both 2004 and 2007 and the coveted Star Diamond Award by the American Academy of Hospitality Sciences in 2008 and 2009. Please enjoy Marani brands responsibly and in moderation.
For more information on Marani Brands: http://www.maranibrands.com
Forward-Looking Statements
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
CONTACT:
Marani Brands, Inc.
(800) 734-9619
info@maranispirit.com
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.