Tag Archives: Securities Exchange Act

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Great Lakes Dredge Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of

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Great Lakes Dredge Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Great Lakes Dredge & Dock Corporation (“Great Lakes” or “Company”) (NasdaqGS: GLDD). The firms are investigating additional legal claims against the officers and Board of Directors of Great Lakes during the period of August 7, 2012 to March 14, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Great Lakes and certain of its officers were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: (a) the Company realized that certain change orders in its demolition segment awaiting client acceptance were included as revenue resulting in an overstatement of revenue by millions of dollars in revenue; and (b) there was weakness in the Company’s internal controls to detect or prevent misstatements in its financial statements. According to the complaint, when the Company announced that when these facts came to light and the Company would be required to restate its 2nd and 3rd quarter revenues, the stock plummeted.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Great Lakes‘ business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Great Lakes‘ officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Great Lakes stock for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of …read more

Source: FULL ARTICLE at DailyFinance

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Harvest Natural Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fi

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Harvest Natural Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce an investigation into potential violations of federal securities laws by certain officers and directors of Harvest Natural Resources, Inc. (“Harvest Natural” or “Company”) (NYS: HNR) during the period of May 7, 2010 to March 18, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Harvest Natural and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. The complaint alleges that defendants misrepresented or failed to disclose that, among other things: (a) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (b) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (c) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (d) the Company lacked adequate internal and financial controls; and (e) as a result, the Company’s statements were materially false and misleading at all relevant times. According to the complaint, when the true facts came to light, the share price dropped dramatically.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Harvest Natural business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Harvest Natural officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Harvest Natural stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law …read more

Source: FULL ARTICLE at DailyFinance

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Local Corporation Reaches Record Mobile, Organic and Total Search Traffic

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Local Corporation Reaches Record Mobile, Organic and Total Search Traffic

IRVINE, Calif.–(BUSINESS WIRE)– Local Corporation (NAS: LOCM) , a leading online local media company, today announced record mobile, organic and total search traffic for the first quarter 2013.

The company reached mobile traffic of 32 million monthly unique visitors (MUVs) during the first quarter 2013, up 167 percent from 12 million MUVs during the year ago period.

Organic traffic also continued to grow, representing 49 million MUVs during the first quarter, up 40 percent from 35 million MUVs during the year ago period.

The company reached 106 million total MUVs during the first quarter, up 13 percent from 94 million MUVs during the year ago period.

“Traffic volumes remain a key performance indicator for our business. We exceeded our first quarter expectations in each area, which provides us with a strong foundation for performance for the year,” said Heath Clarke, Local Corporation chairman and CEO.

All site traffic and usage statistics are from third-party service providers engaged by the company. Quarterly MUV traffic is equal to the aggregate of each month’s MUV traffic numbers in that quarter. Traffic and the company’s monetization of that traffic combine to determine its revenues for any given period. The company’s traffic volume alone for a period should not be viewed as demonstrative of its financial results for such period.

About Local Corporation

Local Corporation (NAS: LOCM) is a leading online local media company that connects brick-and-mortar businesses with over a million online and mobile consumers each day using a variety of innovative digital marketing products. To advertise, or for more information, visit: http://localcorporation.com.

Forward Looking Statements

This press release contains certain “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. Words or expressions such as ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘plans,’ ‘expect,’ ‘intend,’ ‘project,’ ‘forecast,’ ‘potential,’ ‘feel’ and similar expressions and phrases are intended to identify such forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those …read more

Source: FULL ARTICLE at DailyFinance

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Massive Dynamics Negotiating to Acquire Cutting-Edge 3D Imaging Technology

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Massive Dynamics Negotiating to Acquire Cutting-Edge 3D Imaging Technology

CUPERTINO, Calif.–(BUSINESS WIRE)– Massive Dynamics Inc. (OTCQB: MSSD) President Oscar Hines has returned from an outstanding trip to Rochester, NY to meet with Jonathan J Howard, founder and CEO of Real-View 3D. After a demonstration of the cutting-edge 3D imaging technologies developed by Real-View the two companies agreed on a framework for the acquisition of the technologies by Massive for inclusion into future product offerings from its PrintForge division. Upon the successful conclusion of the technology acquisition Mr. Howard would join Massive on a full-time basis as the Vice President of PrintForge.

Real-View 3D’s capture technology is currently being utilized in its 360° 3D Desktop Scanner, a consumer level scanning system which produces highly detailed 3D imaging designed for e-commerce applications. 3D scanning systems are the next logical step in the additive manufacturing revolution and are a necessary component in the continued proliferation of 3D printers. Real View 3D has been developing a suite of 3D capture technologies and is poised to take advantage of the rapidly emerging 3D marketplace.

“We are thoroughly impressed with Jonathan and his team at Real-View,” stated Oscar Hines, CEO of Massive Dynamics. “With their technical know how Massive Dynamics can bring a totally unique, first of its kind, product to market.”

Further details of the Acquisition will be announced once a Definitive Agreement has been reached. The Acquisition of Real-View 3D will position the Company to compete with companies like 3D Systems Corporation (NYS: DDD) , The ExOne Company (XONE) and Stratasys Ltd. (NAS: SSYS) .

For more information please visit http://www.massivedynamicsinc.com.

About Massive Dynamics, Inc. (OTCQB: MSSD)

Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the trading symbol MSSD. The Company is an acquirer, developer and seller of leading edge consumer oriented technologies and products ready for rapid commercialization.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of …read more

Source: FULL ARTICLE at DailyFinance

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NTRR Leadership to Meet With Medical Marijuana Experts in California

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NTRR Leadership to Meet With Medical Marijuana Experts in California

MIRAMAR BEACH, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR), a provider of all-natural wellness solutions, announced today that its executive leadership will travel to California next week to meet with veteran experts on that state’s medical marijuana (MMJ) industry.

California’s medical marijuana program was approved by state voters in 1996. The state is the largest MMJ market in the U.S., with an estimated 750,000 qualified patients. It’s a marketplace NTRR is working hard to break into to compete in the $17 billion U.S. MMJ sector.

The trip will be a fact-finding mission for the company, which is exploring potentially lucrative new opportunities in the blossoming MMJ sector nationwide. NTRR leadership will meet with lab technicians, growers, dispensary owners, product developers and others to learn more about technologies, systems, products and processes that might be improved through innovation.

“We want to find out what will make their lives easier and more efficient, and what new trends appear on the horizon for this industry,” said NTRR CEO Cindy Morrissey. “The MMJ sector is growing at an unprecedented rate, and we’re working to position NTRR on the cutting edge.”

Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.

For more information on NTRR‘s initiatives, please visit www.neutracorp.com/investors.html.

Follow NTRR on Twitter at www.twitter.com/neutracorp.

About Neutra Corp.

Neutra Corp. (www.neutracorp.com) is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products and services as well as protective, anti-microbial coatings for indoor and outdoor surfaces. For investing information and performance data, please visit www.neutracorp.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve …read more

Source: FULL ARTICLE at DailyFinance

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Energy Edge Technologies Corporation Announces Plan to Spinoff Energy Edge Solutions

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Energy Edge Technologies Corporation Announces Plan to Spinoff Energy Edge Solutions

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)– Energy Edge Technologies Corporation (OTCQB: EEDG) has taken the preliminary steps necessary to effectuate a spinoff of its 51% owned Energy Edge Solutions subsidiary into a separate public entity with its own Board of Directors, Officers, and trading symbol. The spinoff will be treated as a stock dividend for EEDG shareholders, who will maintain their full interest in EEDG while receiving their same proportionate interest in the new trading company. EEDG has also announced the completion of a name change for its Dry Fried Wing Company subsidiary to The Gourmet Wing Company Inc., which is planned to become the name of the parent after the spinoff takes place.

“The proposed spinoff makes sense from an operational point of view and the name change from a marketing and branding perspective, all of which should benefit our shareholders moving forward,” said James Boyd, EEDG‘s CEO.”

Email addresses of Board of Director members and Company officers will soon be publicly posted on our new website incorporating The Gourmet Wing Company Inc. name.

This release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Noble Communications
Tricia Kanbar Lowery, 407-921-7322
trish@noblecommunications.biz

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

The article Energy Edge Technologies Corporation Announces Plan to Spinoff Energy Edge Solutions originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © …read more

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcomin

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares in Family Dollar Stores, Inc. (NYSE: FDO )?
  • Did you purchase your shares prior to October 3, 2012, or between October 3, 2012 and January 2, 2013?
  • Did you lose money in your investment in Family Dollar Stores, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminders shareholders of Family Dollar Stores, Inc. (NYSE: FDO) (“Family Dollar” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Western District of North Carolina on behalf of all persons or entities that purchased the common stock of Family Dollar between October 3, 2012 and January 2, 2013 (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2013.

If you purchased shares of Family Dollar during the Class Period, or purchased shares prior to the Class Period and still hold Family Dollar, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/family-dollar-stores-inc-fdo-2.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the …read more

Source: FULL ARTICLE at DailyFinance

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Star Scientific Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fi

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Star Scientific Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed in Virginia against Star Scientific, Inc. (“Star Scientific” or “Company”) (NasdaqGM: STSI) and several of its officers and directors for acts taken during the period of October 31, 2011 to March 18, 2013 (the “Class Period”).

Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Star Scientific. If you are an affected Star Scientific shareholder and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated provisions of the Securities Exchange Act of 1934. Notably, one of the complaints alleges that defendants misrepresented and/or failed to disclose that, among other things: (1) the Company engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and (2) the Company received subpoenas from the US Attorney’s office investigating potential securities fraud involving transactions dating back to 2006. According to this complaint, when these facts were finally disclosed, Star Scientific‘s shares dropped substantially.

“The allegedly improper business practices conducted by Star Scientific have prompted our firms to investigate additional claims against the Company’s officers and directors, including potential breaches of fiduciary duties and other violations of state law. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Star Scientific stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

…read more

Source: FULL ARTICLE at DailyFinance

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Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Poss

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Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action complaint was recently filed against Navistar International Corporation (“Navistar” or “Company”) (NYS: NAV) and certain of its officers and directors for potential securities violations between November 3, 2010 and August 1, 2012 (the “Class Period“).

Based upon these allegations, the firms are investigating potential legal claims against the officers and Board of Directors of Navistar International Corporation. If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In the class action complaint, Navistar and certain of its officers and directors were charged with violating provisions of the Securities Exchange Act of 1934. Notably, the complaint alleges that defendants made numerous misrepresentations, including that (a) Navistar would be forced to revise its plan to meet the EPA guidelines in truck manufacturing, which would create an immense cost to the Company; (b) Navistar did not meet the 2010 EPA standards for their engines; (c) the Company’s disclosures in their SEC filings were incomplete and misleading, including statements about the costs of recalls and details of various debts. According to the complaint, when the truth came out regarding the Company’s true financial condition and future prospects, the Navistar share price fell over 69% from its Class Period high.

“Based upon the recent revelations about alleged improper business practices and procedures regarding key aspects of Navistar’s business, our firms are investigating possible breaches of fiduciary duties and other violations of state law by Navistar’s officers and directors.” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder …read more

Source: FULL ARTICLE at DailyFinance

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Calpine to Announce First Quarter Results on May 2, 2013

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Calpine to Announce First Quarter Results on May 2, 2013

HOUSTON–(BUSINESS WIRE)– Calpine Corporation (NYS: CPN) announced today that it plans to release first quarter 2013 financial results on Thursday, May 2, 2013, before the opening of the New York Stock Exchange. Management will present the results during an investor call scheduled for 10 a.m. Eastern Time / 9 a.m. Central Time on May 2.

A listen-only webcast of the call may be accessed through the Company’s website at www.calpine.com, or by dialing (800) 447-0521 in the United States or (847) 413-3238 outside the United States. The confirmation code is 34608176. Please call in 10 to 15 minutes prior to the scheduled start time.

An archived recording of the call will also be made available on the website and can be accessed by dialing (888) 843-7419 in the United States or (630) 652-3042 outside the United States and providing confirmation code 34608176.

About Calpine

Calpine Corporation generates more electricity than any other independent power producer in America, with a fleet of 92 power plants in operation or under construction, representing more than 27,000 megawatts of generation capacity. Serving customers in 20 states and Canada, we specialize in developing, constructing, owning and operating natural gas-fired and renewable geothermal power plants that use advanced technologies to generate power in a low-carbon and environmentally responsible manner. Our clean, efficient, modern and flexible fleet is uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, stricter environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. We focus on competitive wholesale power markets and advocate for market-driven solutions that result in nondiscriminatory forward price signals for investors. Please visit www.calpine.com to learn more about why Calpine is a generation ahead – today.

Forward-Looking Information

In addition to historical information, 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 Exchange Act of 1934, as amended. Words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will” and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as …read more

Source: FULL ARTICLE at DailyFinance

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Circle Star Energy Receives Funding for 3D Seismic Shoot & Enters Into Letter of Intent

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Circle Star Energy Receives Funding for 3D Seismic Shoot & Enters Into Letter of Intent

FORT WORTH, Texas–(BUSINESS WIRE)– Circle Star Energy Corp. (OTCBB: CRCL)announced today that it has entered into a letter of intent (LOI) with it’s previously announced working interest partner to shoot 3D seismic in Trego County, Kansas.

Under the terms of the LOI, CRCL has received funding to shoot 3D seismic covering approximately 1,360 acres. Based on the results of the 3D seismic shoot, CRCL will proceed to negotiate a definitive agreement for further drilling and development of its Trego County acreage if seismic results warrant further drilling and development. The seismic shoot is scheduled to begin within the next 30-45 days weather permitting.

About Circle Star Energy Corp.

Circle Star Energy Corp. is a performance-driven exploration & production company.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act 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. Such forward-looking statements include, among other things, our use of proceeds, expectations related to our vision and strategy and our plans for growth and increase of shareholder value. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies and the possibility that certain acquisitions will not close. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Although the Company has attempted …read more

Source: FULL ARTICLE at DailyFinance

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Global Green's Chief Scientist and VP – R&D to be Keynote Speaker at Texas A&M University System's S

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Global Green’s Chief Scientist and VP – R&D to be Keynote Speaker at Texas A&M University System’s Scientific Event

Short Course to be hosted by the Food Protein R&D Center

TALLAHASSEE, Fla.–(BUSINESS WIRE)– Global Green, Inc. (OTCBB:GOGC) today announced that Konky Sotomayor, DVM, Chief Scientist and VP – R&D, has been invited to be a keynote speaker at the Texas A&M University System’s 4th Annual Practical Short Course on Trend and Development of Nutraceuticals & Functional Foods: Sources, Identification, Extraction, Separation, and Purification that will be held July 28 – 30, 2013, in College Station, Texas. This year’s Short Course will be hosted by the Food Protein R&D Center at the University.

Dr. Sotomayor is head of vaccine formulation at Global Green and is the developer of Salmogenics, the Company’s patented Salmonella vaccine for poultry. He has worked in private laboratory-managing research and development positions since 1979 including being a principal of Nutritional Health Institute Laboratories, LLC (“NHIL“). NHIL is Global Green‘s research affiliate and majority shareholder. Dr. Sotomayor has extensive experience in isolation of infectious disease agents and manufacturing of the corresponding vaccines.

Established in 1939, the Food Protein Research and Development Center at Texas A&M is one of the oldest land-grant agricultural research and service programs in the nation. It specializes in process development of diverse agricultural crops and animal products into food, feed and industrial ingredients. The Center also demonstrates the feasibility of novel ingredients in various commercial food and feed applications.

Global Green, Inc. is a green pharmaceutical company committed to identifying technology platforms and commercializing products that contain natural organisms that are not genetically modified, utilizing pharmaceutical standards. Salmogenics, the Company’s flagship product, was developed by Nutritional Health Institute Laboratories, LLC, research affiliate and majority shareholder. For more information, visit www.globalgreeninc.org.

Forward-Looking Statement

This press release may contain certain 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the …read more
Source: FULL ARTICLE at DailyFinance

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Local Corporation Reports Preliminary First Quarter 2013 Results

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Local Corporation Reports Preliminary First Quarter 2013 Results

Company reports positive cash flow from operations one quarter earlier than forecasted

IRVINE, Calif.–(BUSINESS WIRE)– Local Corporation (NAS: LOCM) , a leading online local media company, today reported preliminary first quarter 2013 financial results.

Based on preliminary results, the company reports first quarter revenue of approximately $21.7 million, up 4 percent from the prior quarter. In addition, the company reports positive cash provided by operating activities for the first quarter 2013, one quarter earlier than forecasted.

“We have had a strong start to the year and our initiatives on expanding margins in Owned & Operated, and on accelerating growth in our Network business have been successful to date,” said Heath Clarke, Local Corporation chairman and CEO. “We are pleased to announce that we are meeting performance milestones related to achieving our full year strategic objectives, and we exceeded our first quarter expectations.”

In accordance with normal procedures, these preliminary revenue and cash flow results are subject to further review by the company and its auditors, which include the finalization of potentially significant items that could affect these results. The company will provide full first quarter 2013 results and announce its upcoming earnings call in due course.

About Local Corporation

Local Corporation (NAS: LOCM) is a leading online local media company that connects brick-and-mortar businesses with over a million online and mobile consumers each day using a variety of innovative digital marketing products. To advertise, or for more information, visit: http://localcorporation.com.

Forward Looking Statements

This press release contains certain “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. Words or expressions such as ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘plans,’ ‘expect,’ ‘intend,’ ‘project,’ ‘forecast,’ ‘potential,’ ‘feel’ and similar expressions and phrases are intended to identify such forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, …read more
Source: FULL ARTICLE at DailyFinance

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NTRR Forms New Cannabis Subsidiary to Capitalize on Booming Billion-Dollar Cannabis Market

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NTRR Forms New Cannabis Subsidiary to Capitalize on Booming Billion-Dollar Cannabis Market

SARASOTA, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR), a growing provider of all-natural health remedies, announced today that it’s forming a new subsidiary—Cannabis Technologies, Inc.—to engineer the company’s entry into the billion-dollar medical marijuana (MMJ) market.

Medicinal cannabis is a big business that’s getting bigger every day—potentially rising to $6 billion by 2018, according to a new study released by Colorado-based MMJ Business Daily. Prescription cannabis is currently available in 18 states and Washington, D.C., with 11 more states considering legislation to legalize the drug for medical use.

NTRR is working to capitalize on that growth by seeking out new, emerging partners ready to develop and market innovations in the processing and use of cannabis-derived nutraceutical treatments for illnesses from cancer and arthritis to simple headaches and insomnia. Cannabis Technologies, Inc., will soon be placed in charge of those efforts, while the parent company pursues equally promising opportunities in other sectors, including the multi-billion dollar “green hygiene” industry.

To that end, the company signed an option with Purlife Distributors, Inc., the exclusive Canadian distributor of a patent-pending water-based solution that forms an invisible, long-lasting coating that actively protects surfaces from the build-up of bacteria, molds, germs and allergens.

Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.

For more information on NTRR‘s initiatives, please visit www.neutracorp.com/investors.html.

Follow NTRR on Twitter at www.twitter.com/neutracorp.

About Neutra Corp.

Neutra Corp. (www.neutracorp.com) is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products and services as well as protective, anti-microbial coatings for indoor and outdoor surfaces. For investing information and performance data, please visit www.neutracorp.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including …read more
Source: FULL ARTICLE at DailyFinance

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Milberg LLP Announces Pendency of Class Action Lawsuits Against Maxwell Technologies, Inc. – www.max

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Milberg LLP Announces Pendency of Class Action Lawsuits Against Maxwell Technologies, Inc. – www.maxwelltechnologieslawsuit.com

NEW YORK–(BUSINESS WIRE)– Milberg LLP announces that class action lawsuits have been filed in the United States District Court for the Southern District of California on behalf of purchasers of Maxwell Technologies, Inc. (“Maxwell”) (NAS: MXWL) common stock between April 28, 2011 and March 7, 2013, inclusive (the “Class Period“).

Milberg LLP has created a website (www.maxwelltechnologieslawsuit.com) that seeks to answer questions about shareholder class actions.

The lawsuit alleges Maxwell and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint claims Maxwell issued materially false and misleading statements which led to an inflated stock price during the Class Period.

On March 7, 2013, Maxwell issued a press release disclosing that it will need to restate previously issued financial statements for 2011 and most of 2012 due to errors related to the timing of recognition of revenue from sales to certain distributors.

On this news, Maxwell’s share price fell more than 11% to close at $8.10 per share on March 8, 2013.

On March 20, 2013, shares of Maxwell fell another 20.56% after announcing a delay in filing its 10-K with the Securities and Exchange Commission.

If you purchased Maxwell shares during the Class Period you may, no later than May 13, 2013, request that the Court appoint you lead plaintiff. A lead plaintiff is a class member that directs the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaints in this action were not filed by Milberg.

If you wish to discuss this matter with us, please contact the following attorney:

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Source: FULL ARTICLE at DailyFinance
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Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior No

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Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior Notes Due 2015

NEW YORK–(BUSINESS WIRE)– Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015 (the “Notes”). The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company’s previously announced first quarter 2013 common stock cash dividend of $0.45 per common share. The new conversion price for the Notes is $13.7440 per common share, effective March 27, 2013. The conversion price for the Notes was previously $14.1447 per common share. The new conversion rate for each $1,000 principal amount of Notes is 72.7592 of the Company’s common shares. The conversion rate for each $1,000 principal amount of Notes was previously 70.6980 of the Company’s common shares. Notice of the conversion rate adjustment was delivered to security holders and Wells Fargo Bank, National Association, the trustee, in accordance with the terms of the governing indenture for the Notes.

Annaly’s principal business objective is to generate net income for distribution to its shareholders from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT“).

This news release and our public documents to which we refer contain or incorporate by reference certain 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. Forward-looking statements which are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability of mortgage-backed securities for purchase, the availability of financing and, if available, the terms of any financing, changes in the market value of our assets, changes in business conditions and the general economy, our ability to integrate the commercial mortgage business, our ability to consummate any contemplated investment opportunities, changes in government regulations affecting our business, our ability to maintain our qualification as a REIT for federal income tax purposes, our ability to maintain an exemption …read more
Source: FULL ARTICLE at DailyFinance

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Vanguard Natural Resources, LLC Signs Announces Closing of Assets in the Permian Basin

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Vanguard Natural Resources, LLC Signs Announces Closing of Assets in the Permian Basin

HOUSTON–(BUSINESS WIRE)– Vanguard Natural Resources, LLC (NYS: VNR) (“Vanguard” or “the Company”) today announced that on April 1, 2013 it consummated the previously announced acquisition of natural gas, oil and natural gas liquids assets in the Permian Basin located in southeast New Mexico and West Texas from two subsidiaries of Range Resources Corporation for an adjusted purchase price of $268.8 million, subject to customary final post-closing adjustments. The effective date of the acquisition is January 1, 2013.

The Company expects the following significant benefits from the acquisition:

  • Immediately accretive to distributable cash flow;
  • Company estimated proved reserves of approximately 137 Bcfe (78% proved developed with approximately 43% being natural gas, 25% oil and 32% NGLs);
  • Reserve to production ratio of approximately 20 years;
  • Current net production of approximately 17 MMcfe/d (41% natural gas) from 230 gross wells; and
  • Significantly hedged the expected natural gas and oil production for the next four years

The Company funded this acquisition with borrowings under its existing reserve-based credit facility.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. The Company’s assets consist primarily of producing and non-producing oil and natural gas reserves located in the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Piceance Basin in Colorado, the Powder River and Wind River Basin in Wyoming, the Williston Basin in North Dakota and Montana, Mississippi and South Texas. More information on Vanguard can be found at www.vnrllc.com.

Forward-Looking Statements

We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect …read more
Source: FULL ARTICLE at DailyFinance

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Atmos Energy Corporation Completes Sale of Natural Gas Distribution Assets in Georgia

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Atmos Energy Corporation Completes Sale of Natural Gas Distribution Assets in Georgia

DALLAS–(BUSINESS WIRE)– Atmos Energy Corporation (NYS: Georgia to Liberty Energy (Georgia) Corp., an affiliate of Algonquin Power & Utilities Corp. The transaction included the transfer of approximately 64,000 residential and commercial meters.

Net cash proceeds for rate base and related working capital were approximately $155 million, subject to final purchase price adjustments. These proceeds will be redeployed to fund growth opportunities in the remaining jurisdictions the company serves. Atmos Energy expects to record a net of tax gain on the sale of approximately $6 million, or $0.07 per diluted share, subject to final purchase price adjustments. For the three months ended December 31, 2012, these operations provided approximately $3 million of net income, or $0.03 per diluted share.

Forward-Looking Statements

The matters discussed in this news release may contain “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. All statements other than statements of historical fact included in this news release are forward-looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this news release or in any of the company’s other documents or oral presentations, the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “objective,” “plan,” “projection,” “seek,” “strategy” or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in this news release, including the risks and uncertainties relating to regulatory trends and decisions, the company’s ability to continue to access the capital markets and the other factors discussed in the company’s reports filed with the Securities and Exchange Commission. These factors include the risks and uncertainties discussed in the company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012 and in the company’s Quarterly Report on Form 10-Q for the three months ended December 31, 2012. Although the company believes these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. The company undertakes no obligation to update or revise forward-looking …read more
Source: FULL ARTICLE at DailyFinance

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Regal Entertainment Group Completes the Acquisition of Hollywood Theaters

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Regal Entertainment Group Completes the Acquisition of Hollywood Theaters

KNOXVILLE, Tenn.–(BUSINESS WIRE)– Regal Entertainment Group (NYS: RGC) , a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced that it has completed the acquisition of Hollywood Theaters.

Regal acquired a total of 43 theatres representing 513 screens in exchange for $191 million in cash and approximately $47 million of assumed lease obligations. The cash portion of the purchase price includes repayment of approximately $167 million of the sellers’ debt and is subject to customary post-closing adjustments. The acquisition of Hollywood Theaters will enhance Regal’s presence in 16 states and 3 U.S. territories.

“We expect the acquisition of Hollywood Theaters to be accretive to cash flows and earnings and are pleased to announce another acquisition of high quality assets,” stated Amy Miles, CEO of Regal Entertainment Group.

Forward-looking Statements:

This press release includes “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. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the risk factors contained in the Company’s 2012 Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2013. All forward-looking statements are expressly qualified in their entirety by such factors.

About Regal Entertainment Group:

Regal Entertainment Group (NYS: RGC) is the largest motion picture exhibitor in the United States. The Company’s theatre circuit, comprising Regal Cinemas, United Artists Theatres and Edwards Theatres, operates 6,858 screens in 537 locations in 38 states and the District of Columbia as of March 28, 2013. Regal operates theatres in 43 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company’s theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.

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Source: FULL ARTICLE at DailyFinance

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Massive Dynamics in Discussion to Use 3D Printing for Iconic Cartoon Character

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Massive Dynamics in Discussion to Use 3D Printing for Iconic Cartoon Character

CUPERTINO, Calif.–(BUSINESS WIRE)– Massive Dynamics, Inc. (OTCQB: MSSD) has initiated discussions with the creators of an Iconic Cartoon Character to develop plans for using the Company’s 3D Printer, currently in post production, to create toys and figurines.

Action figures and figurines started gaining popularity in the 1960s. Today, it is a multimillion dollar business, spanning involvement from film production companies to fast food chains. 3D Printing is poised to enhance this industry for both manufacturers and consumers. Consumers will now have the chance to customize their toys and be able to choose the pose they like best for their beloved characters – even allowing full articulation.

An article published on Geek.com explains how a team of Harvard University computer scientists have developed software that allows anyone to 3D print their own action figures at home. “Not only will the models carry the likeness of the character, they will also be fully articulated,” stated the article posted August 2012.

“We are hopeful that a definitive agreement can be reached for Massive Dynamics to be involved with this Famous Cartoon Character,” said President Oscar Hines. “This would be a notable accomplishment for a company, such as us, entering into the 3D space.”

Further details will be released as talks progress. For more information about Massive Dynamics 3D Printing Division please visit http://www.massivedynamicsinc.com.

About Massive Dynamics, Inc. (OTCQB: MSSD)

Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the trading symbol MSSD. The Company is an acquirer, developer and seller of leading edge consumer oriented technologies and products ready for rapid commercialization.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

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Source: FULL ARTICLE at DailyFinance