Viper Networks Reduces Debt by $38.5 Million and Reduces Total Outstanding Shares by 7.8%

TROY, Mich., May 12, 2021 (GLOBE NEWSWIRE) — Viper Networks, Inc. (OTC Pink: VPER), (Company), an emerging international leader in the LED lighting products and integrated systems markets for Smart City projects, announces that the Company has provided a ‘Disclosure Statement’ per OTC Pink Basic Disclosure Guidelines with Unaudited Consolidated Financial Statements for the three month period (fiscal 1st quarter) ending March 31, 2021.

With Viper Networks’ Consolidated Statement of Income statement under ‘Other Income (Expenses)’, the Company shows a Forgiveness of debt amount of $38,567,237 million. After subtracting the Interest Expense (864,677) and modest Net Operating Loss (77,162), Viper Networks shows a Net Income of $ 37,625,398 for the 3-month period ending 3/31/2021.

The Company has monthly accrued salaries due to four (4) officers with an annual interest rate of 33.16%. However, the Company was able to reach agreements to adjust the rate to 10% retroactively. Based on the decrease in interest rate over many years, the Company has reduced the total amount of debt from $51.3 million to $12.7 million.

Although the Company will begin to repay the officers as operations continue to expand and greater cash flow becomes available, the Company will continue to work to further reduce the remaining amount in the most equitable way possible.

Viper Networks will continue to reorganize and restructure key areas of operation to further maximize corporate efficacies and profitability going forward. Additionally, the Company has federal operating losses of approximately $70 million to carry-forward to off-set profits with expirations beginning in 2030. Management also believes that the Company has a similar amount of state operating losses available, however the expiration dates have not yet been determined, so the Company may place limitations on the use of these net operating losses from various states.

To help maximize shareholder value, the Company recently was able to reduce the number of outstanding shares by 7.8% or 470 million shares. Management further believes that they can reduce the amount by another 30 million shares, from a firm that has gone out of business and will likely have no recourse to individually reclaim the shares or otherwise. This would effectively put the reduced number of shares to 500 million or 8.3%.

Viper Networks CEO, Mr. Shouekani, commented: “The Company is fast emerging on the global stage as a reliable partner with superior technology for Smart City projects, LED Lighting and mobile communications. All though we have already released a number of press releases highlighting significant developments since February; we have within our grasp, several major opportunities that can forever impact Viper Networks’ worldwide standing overnight. Knowing this, I simply ask every shareholder to have a little more patience and faith in what promises to unfold over the next several weeks and months.”

For more information see www.ViperNetworks.com or follow us on twitter @vipernetworks.com

Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.

Investor/Media Contact: 248-724-1300



Penske Automotive Group Increases Dividend

PR Newswire

BLOOMFIELD HILLS, Mich., May 12, 2021 /PRNewswire/ — Penske Automotive Group, Inc. (NYSE:PAG), a  diversified international transportation services company, today announced that its Board of Directors has increased the Company’s dividend by 2.3% to $0.44 per share. The dividend is payable June 2, 2021, to shareholders of record on May 24th, 2021.

Penske Automotive Increases Dividend

“We are pleased to offer our shareholders an increase in the quarterly dividend,” said Penske Automotive Group President, Robert H. Kurnick.  “Our business achieved record results in the first quarter and our cash flow remains strong. With this increase, the annualized dividend increases to $1.76 per share representing a yield of approximately 2%.”


About Penske Automotive

Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company that operates automotive and commercial truck dealerships principally in the United States, the United Kingdom, Canada, and Western Europe, and distributes commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes, and is ranked among the World’s Most Admired Companies by Fortune Magazine. For additional information, visit the company’s website at www.penskeautomotive.com.


Caution Concerning Forward Looking Statements

Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.’s liquidity and business results.  Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others: the duration, severity and resolution of the COVID-19 pandemic, government mandated restrictions on our business in light of COVID-19 or otherwise, economic conditions generally, conditions in the credit markets, changes in interest rates and foreign currency exchange rates, changes in tariff rates, new rules in place after the recent Brexit accord between the European Union and the U.K. could slow parts originating in the U.K. or Europe for distribution to our dealerships, adverse conditions affecting a particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to limited vehicle availability due to the COVID-19 pandemic, the shortage of automotive semiconductor chips or other vehicle components, natural disasters, recalls or other disruptions that interrupt the supply of vehicles or parts to us, changes in consumer credit availability, the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group’s business, markets, conditions, and other uncertainties, which could affect Penske Automotive Group’s future performance. These risks and uncertainties are addressed in Penske Automotive Group’s Form 10-K for the year ended December 31, 2020, and its other filings with the Securities and Exchange Commission (“SEC”). This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.

 

Inquiries should contact:

J.D. Carlson

Anthony R. Pordon

Executive Vice President and

Executive Vice President Investor Relations

Chief Financial Officer

and Corporate Development

Penske Automotive Group, Inc.

Penske Automotive Group, Inc.

248-648-2810

248-648-2540


[email protected]

 


[email protected]

 

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SOURCE Penske Automotive Group, Inc.

NEXT SUPER STOCKS on The Move: FansUnite, Reliq Health Tech, Hapbee, and Tetra Bio-Pharma

NEW YORK, May 12, 2021 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, is highlighting the latest CEO comments and news from companies recently presenting at its highly acclaimed NEXT SUPER STOCK livestream investor conferences, and investor “LiveChats” on social media streams. Over 190,000 investors have participated in Wall Street Reporter’s livestream events in the past 30 days.

Reliq Health Technologies (OTC: RQHTF) (TSX.V: RHT) CEO Lisa Crossley: “2021 is Breakout Year for Our Telehealth Platform”

In a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, Reliq Health Technologies (OTC:RQHTF) CEO, Lisa Crossley explained how the company’s iUGO telehealth remote patient monitoring platform is now at an inflection point – with three significant new contracts announced, just in the past 30 days – and on path to $100 million revenues by 2024 (which could give RQHTF a valuation of $1 billion+ based on current peer group valuations).

Reliq’s powerful iUGO telemedicine platform supports care coordination and community-based virtual healthcare, allows complex patients to receive high quality care at home, improving health outcomes, and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits.

Watch
Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT)
NEXT SUPER STOCK Video:


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May 6 – RQHTF signs four new Skilled Nursing Facility clients in the Southern United States, and is expanding its Care Management team in response to significant demand for the Company’s Care Management Services. Using RQHTF’s iUGO Care platform, SNFs can provide discharged patients with Transitional Care Management, Remote Patient Monitoring, Annual Wellness Visits and other services aimed at preventing readmissions and proactively managing chronic conditions to improve health outcomes. These services create new, high margin revenue streams for Skilled Nursing Facilities while also improving patient satisfaction, and help SNFs avoid significant financial penalties assessed by Medicare and Medicaid for preventable readmissions.

April 21 – RQHTF signs contracts with two US Nephrology practices to use Reliq’s proprietary iUGO Care platform to monitor Chronic Kidney Disease (CKD) patients.

April 13 – RQHTF signed two new contracts with Orthopedic Practices in Texas, leveraging its iUGO Care platform to enable Orthopedic Specialists to manage their chronic orthopedic and post-operative patients at home.

March 16 – RQHTF announces new contract with a physician practice in Florida that provides clinical services to over 25 Skilled Nursing Facilities across Florida.

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Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT)
NEXT SUPER STOCK Video:


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FansUnite (OTC: FUNFF) (CSE: FANS) “Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting”

In their latest presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton, and President Darius Eghdami explained how FUNFF’s latest distribution deal with an online casino games aggregator, sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve – while adding multiple aggregators for each game – reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF – per online casino – and the potential to be in hundreds of online casinos – these numbers can quickly add up.

Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video:


http://bit.ly/3sGSvAs

May 12 – FUNFF has entered a brand partnership with Cash Live Inc. to launch FansUnite branded live games on the Cash Live mobile app. FansUnite has a minority interest in Cash Live, a tech start-up that offers a new popular poker and social casino game show platform. Cash Live is a free-to-play gaming app that is designed for mobile devices and features daily live-streamed poker game shows paying out real cash to its winners. The first branded FansUnite game will be available on Wednesday, May 12th at 6:00 pm PT and will play down to a winner in under 20 minutes. The Cash Live mobile app can be downloaded in the App Store: https://cashlivepoker.page.link/FansUnite

April 14 – FUNNF reports record $28.3M in betting volume and a 136% increase in revenue for it’s McBookie subsidiary in Q1 2021, compared to same period last year.

Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video:


http://bit.ly/3sGSvAs

Hapbee Technologies (OTC: HAPBF) (TSX.V: HAPB) CEO Scott Donnell: ”Tech That Lets You Choose How you Feel = Billion Dollar Market Opportunity”

One of the most unique companies to present at Wall Street Reporter’s NEXT SUPER STOCK livestream events in recent years, is Hapbee Technologies (OTC: HAPBF) (CSE: HAPB) which markets wearable tech that lets you choose “feelings on demand”. The patented technology uses low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy. HAPBF is developing new “feeling signals” regularly which are available on a subscription basis through its mobile app.

In his interview with Wall Street Reporter, Hapbee CEO Scott Donnell explains how Hapbee’s technology platform addresses untapped multi-billion dollar market opportunities which include mental health, sleep, and fitness, among other aspects of our daily lives which are impacted by feelings. Scott also shares HAPBF’s unique D2C e-commerce strategy which is based on proven systems of today’s most successful billion-dollar D2C fitness, health and lifestyle brands. Hapbee is rapidly being embraced by influencers in fitness/wellness, “biohackers”, and high-performance executives who want to perform and feel their best. HAPBF unique technology positions it at the forefront of the fast growing $32 billion wearable tech market.

Watch Hapbee Technologies (OTC: HAPBF) NEXT SUPER STOCK Video:


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Tetra Bio-Pharma (OTC: TBPMF) (TSX: TBP) CEO, Dr. Guy Chamberland: “Expecting to Launch 3 New Cannabinoid-Derived Drugs in 2022 – Addressing $200 Billion Market Opportunities”

In a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, Tetra BioPharma (OTC: TBPMF) CEO, Dr. Guy Chamberland shared TBPMF’s advanced pipeline of cannabinoid derived drugs targeting $200 billion addressable market opportunities including pain, inflammation, oncology, and sepsis.

TBPMF boasts one of the most advanced pipelines of Cannabinoid-derived medicines, supported by the urgent need for non-opioid alternatives to treat pain and inflammation. Significantly, TBPMF’s portfolio of IP and patents is spearheaded by a team experienced at bringing new drugs to market.

TBPMF now has 3 drugs in the advanced clinical stages, which it expects to bring to market in 2022: Quixleef targeting pain management, a $58 billion market opportunity, ARDS-003 immunomodulator which is a $132 billion market opportunity, and PPP-003 for ophthalmic inflammation indication – a $31 billion market.

Compelling for investors, TBMPF has multiple near-term catalysts in place, and with a current valuation of about $50 million, TBPMF is trading at a just a small fraction of its peer group in the biotech space, with similar pipelines.

Watch Tetra Bio-Pharma (OTC: TBPMF) Next Super Stock video:


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May 11 – TBPMF announces acceleration of a revolutionary Phase 2 clinical trial, PLENITUDE©, to evaluate the safety and efficacy of the investigational cannabis medicine, QIXLEEF™, for use in managing uncontrolled pain in patients with advanced cancer.

May 6 – TBPMF announces start of REBORN1© clinical trial. This trial is designed to evaluate the effect of the Company’s inhaled proprietary drug formulation, QIXLEEF™, against immediate release oral morphine sulfate on onset of pain relief in people living with cancer. QIXLEEF™ is a botanical drug product with a “fixed ratio” of THC and CBD and is inhaled through a Class 2 medical device vaporizer. REBORN1© is being conducted in the United States in collaboration with the Hassman Research Institute, a clinical research organization, who will enroll twenty adults living with breakthrough cancer pain (BTcP) and currently taking stable opioid treatment for breakthrough pain. This innovative Phase 2 pilot, proof-of-concept open-label crossover comparison study will assess whether inhaled QIXLEEF™ will control BTcP faster than immediate-release morphine sulfate tablets.

May 5 – TBPMF signs C$46 Million deal with DanCann Pharma A/S for the exclusive distribution of Reduvo™ Adversa®, QIXLEEF™ and ENJOUCA™ in Denmark, Norway, Sweden, Finland, and Germany. Subject to registration with the European Medicines Agency (EMA), DanCann Pharma will handle the exclusive sales and distribution in the Nordics and Germany for Reduvo™ Adversa® and QIXLEEF™, a botanical cannabinoid-derived medicine, as well as Tetra’s medicinal cannabis product ENJOUCA™. The Agreement encompasses a sum of upfront and milestone payments of up to $1,5M CAD, and expected cumulative royalties in excess of $46M CAD on DanCann’s cumulative sales for Reduvo™ Adversa®, QIXLEEF™ and ENJOUCA™ from 2021 to 2028.

Watch Tetra Bio-Pharma (OTC: TBPMF) Next Super Stock video:


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WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO’s of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context.Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K

About Wall Street Reporter’s Next Super Stock conference:

Wall Street Reporter’s NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/

CONTACT:

WALL STREET REPORTER

(212) 871-2057 ext 7


www.WallStreetReporter.com
 



Neonode Reports Quarter Ended March 31, 2021 Financial Results

PR Newswire

STOCKHOLM, May 12, 2021 /PRNewswire/ — Neonode Inc. (NASDAQ: NEON), today reported financial results for the three months ended March 31, 2021.

FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2021:

  • Revenue of $1.7 million, an increase of 28.7% compared to the same period in the prior year.
  • Operating expenses of $3.0 million, an increase of 29.0% compared to the same period in the prior year.
  • Net loss of $1.6 million, or $0.14 per share, compared to $1.0 million, or $0.11 per share, for the same period in the prior year.
  • Cash used by operations of $2.0 million compared to $1.0 million for the same period in the prior year.
  • Cash and accounts receivable of $9.5 million as of March 31, 2021 compared to $12.2 million as of December 31, 2020.

THE CEO’S COMMENTS

“During the first quarter we continued to build our business pipeline. Our main focus was and continues to be contactless touch solutions for elevators and kiosks, where our touch sensor modules provide an intuitive and safe user experience. The demand for our solutions is very high in Japan and Korea, where customers now have numerous development and onsite pilot projects underway for elevators and an array of different kiosks. We also have customers in other countries in Asia who are rolling out and installing retrofit contactless touch systems in airport ticketing and retail self-service checkout kiosks. In addition, we are seeing increasing interest in our contactless touch technology from European and North American customers. To better support our customers in these regions, as well as in Asia, we recently changed to a regional sales organization, which will help us accelerate growth,” said Dr. Urban Forssell, CEO of Neonode.

“Our license revenue from existing legacy customers increased during the first quarter compared to the same period in 2020. We believe this to be a rebound effect from the slow printer and automotive sales last year due to the COVID-19 pandemic. Long term, we expect this legacy business to continue to decrease (a trend we observed prior to the pandemic) and to offset this we are focusing on growing our products business with elevator and kiosk customers. We are also continuing to promote our technology to new customers in the Military & Avionics, Industrial and Automotive segments. The sales and development cycles are much longer in these industries than in the elevator and kiosk industries, and although we do not expect royalty revenues from new customers in the short term, we strongly believe in these segments and we do expect to earn non-recurring engineering revenues related to product development,” continued Dr. Forssell.

“During the quarter, we continued to strengthen our team of talented and experienced people in sales, marketing, and engineering who will help us create and capitalize on the developing market opportunities. We have also deepened our relationship with our partner network and are actively exploring further partnerships as a means to drive growth. We believe that our contactless touch solution is the best technology in the market that supports the new health and pandemic-driven paradigm shift where users are becoming more and more reluctant to touch public space devices,” concluded Dr. Forssell.

FINANCIAL OVERVIEW FOR THE QUARTER ENDED MARCH 31, 2021

Net revenues for the quarter ended March 31, 2021 were $1.7 million, a 28.7% increase, compared to the same quarter in 2020. HMI Solutions revenues were $1.3 million, an increase of 9.9% compared to the same quarter in 2020. This is primarily due to higher license fees from our automotive customers. Our HMI Products revenues were $0.4 million, an increase of 226.8% compared to the same period in 2020. The increase was driven by a growing market demand for contactless touch solutions for elevators and self-service kiosks where our touch sensor modules is a good fit.

Our combined total gross margin was 83.4% in the quarter just ended compared to 96.6% in the same period in 2020. The decrease in total gross margin in the quarter ended March 31, 2021 as compared to the same period in 2020 was primarily due to the change in the mix of the components of overall revenue with an increase in sales of sensor modules, which have a lower overall gross margin compared to the 100% gross margin license business. Our operating expenses increased 29.0% in the quarter ended March 31, 2021 compared to the same period in 2020. Operating expenses increased as we added employees and external consultants in our sales, marketing and engineering groups to service an increasing number of customers.

Net loss for the three months ended March 31, 2021 was $1.6 million, or $0.14 per share, compared to a net loss of $1.0 million, or $0.11 per share, in the same period 2020. Cash used by operations was $2.0 million in the first quarter of 2021 compared to $1.0 million in the same period of 2020. This was primarily the result of a higher net loss and increased inventory to secure our future deliveries.

Cash and accounts receivable totaled $9.5 million and working capital was $8.8 million as of March 31, 2021 compared to $12.2 million and $10.4 million as of December 31, 2020.

We entered into an At Market Issuance Sales Agreement with B. Riley Securities on May 10, 2021, under which we may, from time to time, in our sole discretion, sell shares of common stock having an aggregate offering price of up to $25.0 million, through B. Riley Securities as sales agent. To facilitate the at-the-market facility, we filed a shelf registration statement on Form S-3 registering up to $100.0 million of securities that may be offered and sold by us from time to time, including the shares that may be sold under the At Market Issuance Sales Agreement. The issuance and sale, if any, of these securities is subject to the effectiveness of the registration statement.

For more information, please contact:

CONTACT:

Investor Relations

David Brunton

E-mail: [email protected]

Chief Financial Officer

Maria Ek

E-mail: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/neonode/r/neonode-reports-quarter-ended-march-31–2021-financial-results,c3346223

The following files are available for download:


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Neonode Inc 1Q 2021 Earnings Release

 

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SOURCE Neonode

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages PureCycle Technologies (PCT) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed

PR Newswire

SAN FRANCISCO, May 12, 2021 /PRNewswire/ — Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT) investors with significant losses to submit your losses now. A class action has been filed and certain investors may have valuable claims.

Class Period:
Nov. 16, 2020May 5, 2021
Lead Plaintiff Deadline: July 12, 2021
Visit: www.hbsslaw.com/investor-fraud/PCT
Contact An Attorney Now: [email protected] 
                                                844-916-0895

PureCycle Technologies, Inc. (NASDAQ: PCT) Securities Fraud Action:
The case centers on Defendants’ repeated false claims that PureCycle is an environmental, social and governance (“ESG”) company that is commercializing a proven patented purification recycling technology developed by Proctor & Gamble for restoring waste polypropylene into resin with near-virgin characteristics.

The complaint alleges Defendants concealed that (1) the licensed P&G technology is not proven and has serious issues even at lab level, (2) challenges posed by competition for- and availability of- raw materials necessary for successful commercialization of the technology are significant, and (3) PureCycle’s financial projections are baseless.

The truth emerged on May 6, 2021, when analyst Hindenburg Research published a scathing report entitled “PureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street.” Among other things, Hindenburg challenges the validity of PureCycle’s technology and purported access to feedstock to run PCT process economically. Hindenburg also takes issue with PureCycle’s aggressive financial projections, its purported recycling partnerships with well-known companies like L’Oreal and Total, and the track record of the SPAC sponsors.

In response to this news, the price of PureCycle shares crashed lower.

“We’re focused on investors’ losses and proving PureCycle engaged in greenwashing,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a PureCycle investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding PureCycle should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein, 844-916-0895

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SOURCE Hagens Berman Sobol Shapiro LLP

HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed

PR Newswire

SAN FRANCISCO, May 12, 2021 /PRNewswire/ — Hagens Berman urges Skillz Inc. (NYSE: SKLZ) investors with significant losses to submit your losses now. A securities fraud class action is pending and certain investors may have valuable claims.

Class Period:
Dec. 16, 2020Apr. 19, 2021
Lead Plaintiff Deadline: July 7, 2021
Visit: www.hbsslaw.com/investor-fraud/SKLZ
Contact An Attorney Now: [email protected] 
                                              844-916-0895

Skillz, Inc. (NYSE: SKLZ) Securities Fraud Class Action:

In past months, Skillz and senior management repeatedly touted the company’s revenue growth and projections to support its valuation.

The complaint alleges Defendants misled investors with these and other statements because they concealed that (1) three of the company’s games responsible for a majority of Skillz’s revenues had substantially declined and (2) the company’s revenue recognition policy misrepresented the company’s actual financial condition.

Defendants’ statements were first brought into serious question on Mar. 8, 2021, when analyst Wolfpack Research published a scathing report, accusing Skillz of concealing that revenues from three games responsible for 88% of Skillz’s total revenues (Blitz, Solitaire Cube, Blackout Bingo) substantially declined and effectively gutted the company’s growth projections. 

Next, on Apr. 18, 2021, Eagle Eye Research published a report claiming Skillz’s revenue recognition practices were “like round-tripping where the company is effectively giving its customers money to spend on SKLZ and recognizing revenue from it, i.e. generating no net economic profits.”  Eagle Eye concluded “that true cash revenue is less than ½ of what management portrays to investors.”

These events sent the price of Skillz shares sharply lower.

“We’re focused on investors’ losses and proving Skillz engaged in fraudulent accounting and financial reporting,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Skillz investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Skillz should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.  The firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes is located at hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed-301289629.html

SOURCE Hagens Berman Sobol Shapiro LLP

KANSAS CITY IN A CAN.

The regions best beer and BBQ together under a pop top!

Kansas City, May 12, 2021 (GLOBE NEWSWIRE) — Rufus Teague, a leading independent maker of craft BBQ sauces and rubs announced today they are once again partnering with Boulevard Brewing Company to expand on their beloved Can-O-Que barbecue sauce. The unique Can-O-Que barbecue sauce is made with Boulevard beer and packaged in an actual beer can. 

Drawing from the region’s love of barbecue and craft beer, Rufus Teague and Boulevard are now introducing three flavors of BBQ sauce concocted with Boulevard’s most iconic brands. Unfiltered Wheat, Space Camper IPA and Tank 7.

Each flavor will appear in a can designed similarly to its beer counterpart, open with the traditional pull tab and include a reusable, snap-on cap to keep leftovers fresh. However, don’t let the novelty of the can lead you to believe these are anything but truly flavorful Kansas City style sauces, each made with the care that Rufus Teague is known for.

Using different beers to create these sauces has led to the following interesting and unique flavor profiles:

Unfiltered Wheat Can-O-Que: The mildest of the three sauces and the same tried-and-true taste as the original test formula. Good depth of sweet flavor with a bit of earthiness and hint of citrus zest. (Recently awarded the American Royal’s 2nd best Specialty BBQ Sauce on the Planet)

Space Camper Can-O-Que: While not truly hot, this is the spiciest of the three recipes. The base is sweet and fruity, but the spicy boldness accentuates Space Camper’s inherent hoppy kick. 

Tank 7 Can-O-Que: The rich grains, yeast and herbs that make Tank 7 such an amazing beer to pair with food are pushed even further in this sauce. Full of flavor, it features the sweet, herbal taste of cloves and a distinctive peppery punch. 

The new Can-O-Que sauces will be available at retailers, grocery and liquor stores throughout Kansas City and surrounding region. They are also available for purchase online at www.rufusteague.com and may be picked up at the Boulevard Brewing Co. Gift Shop.

 

###

 

About Rufus Teague

Rufus Teague is an award-winning, independent producer of high-quality craft BBQ sauces and rubs. The company is distinguished by its highly decorated product lineup that includes Honey Sweet, Touch ‘O Heat, Blazin’ Hot, Whiskey Maple, Smoky Apple, Steak Sauce, Chick N’ Rub, Meat Rub, Spicy Meat Rub, Fish Rub and Steak Rub. For more information visit: www. rufusteague.com or follow the company on, Facebook and Instagram.  

About Boulevard Brewing Company

Boulevard Brewing Company is the largest specialty brewer in the Midwest. Their beers are available in 45 states and 11 countries. Learn more at boulevard.com, or find them on social at facebook.com/Boulevard, twitter.com/Boulevard_Beer and instagram.com/Boulevard_Beer.

Attachments



Brad Jungles
Rufus Teague
913-707-0800
[email protected]

LIXTE BIOTECHNOLOGY HOLDINGS, INC. ANNOUNCES THE APPOINTMENT OF REGINA BROWN TO ITS BOARD OF DIRECTORS

EAST SETAUKET, NY, May 12, 2021 (GLOBE NEWSWIRE) — Lixte Biotechnology Holdings, Inc. (Nasdaq: LIXT) today announced the appointment of Regina Brown, CPA to its board of directors. She will serve as an independent director and audit committee chair.

Dr. John S. Kovach, Founder and CEO of Lixte, said “We are pleased to welcome Regina to our board of directors. We look forward to benefiting from her decades of experience in public accounting. As our company expands, her expertise in compliance, taxation and internal control implementation is a valuable addition to our board of directors.”

Ms. Brown began her accounting practice over 30 years ago. Currently, her practice has a wide range of clients, varying in size, industry, and geographic locations. They include large national corporations listed on the New York Stock Exchange, as well as smaller regional businesses. Other clients consist of professionals, wholesalers, and high net worth individuals. Many of her clients have international and cross-border operations.

As a consequence of her depth of experience, she regularly assists other professionals with their clients’ issues and performs tax research and analysis in connection with litigation and other matters including tax and accounting with respect to mergers and acquisitions and implementation of internal controls. In addition, international tax matters and compliance have become a significant part of her practice. She is a member in good standing of California Society of CPAs and the American Institute of Certified Public Accountants.

About
Lixte
Biotechnology Holdings, Inc.

Lixte Biotechnology Holdings, Inc. (Nasdaq:LIXT) is a clinical-stage pharmaceutical company dedicated to discovering drugs for more effective treatments for many forms of cancer and other serious common diseases. A major driver of cancer is defects in the switches that turn the biochemical pathways in cells on and off. Most cancer research over the past 30 years has focused on the “on” switches because the “off” switches, especially the master “off” switch protein phosphatase (PP2A), were believed to cause intolerable toxicity in patients. Lixte has achieved a breakthrough with its novel, first-in-class lead compound, PP2A inhibitor LB-100, by demonstrating that it is readily tolerated in cancer patients at doses associated with anti-cancer activity. This innovative approach encourages cancer cells, damaged by chemo or other cancer therapies, to continue to replicate before repairing the damage, leading to the more efficient death and elimination of those cells from the body. Lixte has partnered with top medical institutions and leading academic research centers to advance the clinical development of its compounds. The LB-100 compound, of which there are no competitors known to Lixte, is being tested in three clinical cancer treatment studies with others in planning. lixte.com

Forward-Looking Statements

This announcement 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. For example, statements regarding the Company’s financial position, business strategy and other plans and objectives for future operations, and assumptions and predictions about future product demand, supply, manufacturing, costs, marketing and pricing factors are all forward-looking statements. These statements are generally accompanied by words such as “intend,” anticipate,” “believe,” “estimate,” “potential(ly),” “continue,” “forecast,” “predict,” “plan,” “may,” “will,” “could,” “would,” “should,” “expect” or the negative of such terms or other comparable terminology. The Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, based on information available to it on the date hereof, but the Company cannot provide assurances that these assumptions and expectations will prove to have been correct or that the Company will take any action that the Company may presently be planning. However, these forward-looking statements are inherently subject to known and unknown risks and uncertainties. Actual results or experience may differ materially from those expected or anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, regulatory policies, available cash, research results, competition from other similar businesses, and market and general economic factors. This discussion should be read in conjunction with the Company’s filings with the United States Securities and Exchange Commission at sec.gov/edgar.shtml.

Lixte Contact:

[email protected]

General Phone: (631) 830-7092
Investor Phone: (888) 289-5533



CuriosityStream To Participate in 16th Annual Needham Virtual Technology & Media Conference on May 19th, 2021

CuriosityStream To Participate in 16th Annual Needham Virtual Technology & Media Conference on May 19th, 2021

SILVER SPRING, Md.–(BUSINESS WIRE)–
CuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, today announced that the company will participate in the 16th Annual Needham Virtual Technology and Media Conference on Wednesday, May 19th.

Clint Stinchcomb, President and CEO of CuriosityStream, and Jason Eustace, Chief Financial Officer of CuriosityStream, will present virtually from 1:30 – 2:10 pm Eastern Time on Wednesday, May 19th. The event webcast will be available live on the CuriosityStream investor relations website at https://investors.curiositystream.com/. Register by clicking on this link.

A replay of the webcast will also be available at https://investors.curiositystream.com/ for a limited time.

About CuriosityStream

Launched by media visionary John Hendricks, CuriosityStream is one of the world’s leading global factual streaming services and media companies. Our documentary series and features cover every topic from space exploration to adventure to the secret life of pets, empowering viewers of all ages to fuel their passions and explore new ones. With thousands of titles, many in Ultra HD 4K, including exclusive originals, CuriosityStream features stunning visuals and unrivaled storytelling to demystify science, nature, history, technology, society, and lifestyle. CuriosityStream programming is available worldwide to watch on TV, desktop, mobile and tablets. Find us on Roku, Apple TV Channels and Apple TV, Xbox One, Amazon Fire TV, Google Chromecast, iOS and Android, as well as Amazon Prime Video Channels, YouTube TV, Sling TV, DISH, Comcast Xfinity on Demand, Cox Communications, Altice USA, Suddenlink, T- Mobile, Frndly TV, Vidgo, Sony, LG, Samsung and VIZIO smart TVs, Liberty Global, Com Hem, Tata Sky, MultiChoice, StarHub TV, Totalplay, Millicom, Okko, Gazprom and other global distribution partners and platforms. For more information, visit CuriosityStream.com.

Forward-Looking Statements

Certain statements made in this press release and in the webcast discussed herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “predicts” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under “Risk Factors” in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021 and in CuriosityStream’s other SEC filings made from time to time. These risk factors are important to consider in determining future results and should be reviewed in their entirety. Forward-looking statements are based on the current belief of CuriosityStream’s management, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.

CuriosityStream Public Relations:

Vanessa Gillon

[email protected]

CuriosityStream Investor Relations

Denise Garcia

[email protected]

KEYWORDS: Maryland United States North America

INDUSTRY KEYWORDS: Technology Finance Entertainment Professional Services Audio/Video Other Entertainment TV and Radio Film & Motion Pictures Internet

MEDIA:

FDA Grants EUA to Applied DNA LineaTM COVID-19 Assay Kit for Asymptomatic Screening of Individuals with Serial Testing

FDA Grants EUA to Applied DNA LineaTM COVID-19 Assay Kit for Asymptomatic Screening of Individuals with Serial Testing

– Assay Kit Now Available for Use Without a Prescription –

– Approved for Immediate Use by CLIA-certified Laboratories –

– Positions Assay Kit to Support Reopening (Return-to-School/Return-to-Work) Strategies –

– Increases Testing Throughput via Addition of New Robotic Extraction Platform –

– Immediate Deployment in Applied DNA’s CLIA-certified Clinical Lab –

STONY BROOK, N.Y.–(BUSINESS WIRE)–Applied DNA Sciences, Inc. (NASDAQ: APDN) (Applied DNA or the “Company”), a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing, today announced that the U.S. Food and Drug Administration (FDA) has granted the Company’s Linea™ COVID-19 Assay Kit (the “Assay Kit”) a re-issued Emergency Use Authorization (EUA) that expands the Assay Kit’s intended use to include serial screening of asymptomatic individuals. The expanded intended use allows for the serial testing of individuals with or without symptoms, eliminates the prescription requirement, and returns results to individuals. With the recent receipt of CLIA certification by its Applied DNA Clinical Labs, LLC (ADCL) subsidiary, the expanded intended use enables the Company to now offer recurring testing strategies with individual result reporting without a prescription to support the safer reopening of schools, workplaces, nursing homes and skilled nursing facilities, and other places where people gather regularly in numbers. The Assay Kit with its expanded intended use is also available for immediate purchase by CLIA-certified laboratories nationally.

“The expanded intended use for our Assay Kit supports our systematic approach to expanding the addressable market for our COVID-19 testing services and Assay Kit that is aligned with COVID-19 ‘normalization’ strategies and funding sources aimed at reopening the economy,” said Dr. James A. Hayward, president and CEO, Applied DNA. “The ability to return results to the individual and the elimination of the prescription requirement, we believe, substantially differentiates ADCL’s services in the testing market and elevates the value of our Assay Kit to clinical laboratories that can now bring to bear our high sensitivity PCR-based test – still the gold standard for COVID-19 diagnostics – to help prevent people with asymptomatic infections from turning into unsuspecting super-spreaders. We are further characterized by the ability of our Assay Kit to discriminate some variants. We believe that a rigorous serial testing program is the most effective way to confirm current COVID-19 status as part of any reopening strategy.

“As access to vaccines expands and certain COVID-19-related restrictions are eased, the confluence of vaccinated, under-vaccinated, vaccine ineligible, or otherwise immune-compromised populations, particularly in such mixed settings as skilled nursing facilities where staff and patients interact, makes asymptomatic serial testing more relevant to at-risk populations. Asymptomatic serial testing, together with a greater testing throughput afforded to us and those CLIA-certified laboratories that purchase our Assay kits that now are authorized for additional robotic automation, makes our Assay Kit a compelling solution to support the nation’s effort to reopen and limit wild-type and variant viral spread.”

Under the re-issued EUA, serial testing of asymptomatic individuals for SARS-CoV-2 requires individuals to be tested weekly and with no more than seven days (168 hours) between serially collected specimens. The re-issued EUA also further expands the addressable market for the screening or diagnostic use of the Assay Kit by authorizing the use of the KingFisher™ Flex Purification System, a high-throughput robotic nucleic acid extraction system in wide use by CLIA-certified laboratories nationally. With the addition of the KingFisher system to the EUA, ADCL will have a daily testing capacity of several thousand COVID-19 samples.

Dr. Hayward concluded, “The expanded intended use is also complementary to safeCircleTM, our pooled surveillance COVID-19 testing platform. Together with CLIA certification, we can now offer clients the choice between conventional physician-ordered diagnostic testing, non-pooled individual screening testing, and pooled surveillance testing, thereby allowing us to provide a range of COVID-19 testing programs that can be tailored to meet the unique testing requirements of a diverse range of clients.”

About Applied DNA Sciences

Applied DNA is commercializing LinearDNA™, its proprietary, large-scale polymerase chain reaction (“PCR”)-based manufacturing platform that allows for the large-scale production of specific DNA sequences.

The LinearDNA platform has utility in the nucleic acid-based in vitro diagnostics and preclinical nucleic acid-based drug development and manufacturing market. The platform is used to manufacture DNA for customers as components of in vitro diagnostic tests and for preclinical nucleic acid-based drug development in the fields of adoptive cell therapies (CAR T and TCR therapies), DNA vaccines (anti-viral and cancer), RNA therapies, clustered regularly interspaced short palindromic repeats (CRISPR) based therapies, and gene therapies. Applied DNA has also established a COVID-19 diagnostic and testing offering that is in the early stages of commercialization and is grounded in the Company’s deep expertise in DNA.

The LinearDNA platform also has non-biologic applications, such as supply chain security, anti-counterfeiting and anti-theft technology. Key end-markets include textiles, pharmaceuticals and nutraceuticals, and cannabis, among others.

Visit adnas.com for more information. Follow us on Twitter and LinkedIn. Join our mailing list.

The Company’s common stock is listed on NASDAQ under ticker symbol ‘APDN,’ and its publicly traded warrants are listed on OTC under ticker symbol ‘APPDW.’

Applied DNA is a member of the Russell Microcap® Index.

About the Linea™ COVID-19 Assay Kit

The LineaTM COVID-19 Assay Kit is a real-time RT-PCR test intended for the qualitative detection of nucleic acid from SARS-CoV-2 in respiratory specimens including anterior nasal swabs, self-collected at a healthcare location or collected by a healthcare worker, and nasopharyngeal and oropharyngeal swabs, mid-turbinate nasal swabs, nasopharyngeal washes/aspirates or nasal aspirates, and bronchoalveolar lavage (BAL) specimens collected by a healthcare worker from individuals who are suspected of COVID-19 by their healthcare provider (HCP). The test is also intended for use with anterior nasal swab specimens that are self-collected in the presence of an HCP from individuals without symptoms or other reasons to suspect COVID-19 when tested at least weekly and with no more than 168 hours between serially collected specimens.

The scope of the Linea™ COVID-19 Assay Kit EUA, as amended, is expressly limited to use consistent with the Instructions for Use by authorized laboratories, certified under the Clinical Laboratory Improvement Amendments of 1988 (CLIA) to perform high complexity tests. The EUA will be effective until the declaration that circumstances exist justifying the authorization of the emergency use of in vitro diagnostics for detection and/or diagnosis of COVID-19 is terminated or until the EUA’s prior termination or revocation. The diagnostic kit has not been FDA cleared or approved, and the EUA’s limited authorization is only for the detection of nucleic acid from SARS-CoV-2, not for any other viruses or pathogens.

The Company is offering surveillance testing in compliance with current CDC, FDA, and CMS guidances. The use of saliva and pooled sampling for surveillance testing, which has been internally validated by the Company in compliance with current surveillance testing guidances, is not included in the Company’s EUA authorization for the Linea™ COVID-19 Assay Kit.

Forward-Looking Statements

The statements made by Applied DNA in this press release may be “forward-looking” in nature within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe Applied DNA’s future plans, projections, strategies, and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA. Actual results could differ materially from those projected due to its history of net losses, limited financial resources, limited market acceptance, the possibility that the assay kit could become obsolete or have its utility diminished, the uncertainties inherent in research and development, future clinical data and analysis, including whether any of Applied DNA’s or its partner’s diagnostic candidates will advance further in the preclinical research or clinical trial process, including receiving clearance from the U.S. Food and Drug Administration (U.S. FDA) or equivalent foreign regulatory agencies to conduct clinical trials and whether and when, if at all, they will receive final approval from the U.S. FDA or equivalent foreign regulatory agencies, the unknown outcome of any applications or requests to U.S. FDA, equivalent foreign regulatory agencies and/or the New York State Department of Health, the unknown limited duration of any Emergency Use Authorization (EUA) approval from U.S. FDA, changes in guidances promulgated by the CDC, U.S. FDA and/or CMS relating to COVID-19 surveillance and diagnostic testing, disruptions in the supply of raw materials and supplies, and various other factors detailed from time to time in Applied DNA’s SEC reports and filings, including our Annual Report on Form 10-K filed on December 17, 2020, and Form 10-Q filed on February 11, 2021 and other reports we file with the SEC, which are available at www.sec.gov. Applied DNA undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless otherwise required by law.

For Applied DNA:

Investor contact: Sanjay M. Hurry, 917-733-5573, [email protected]

Program contact: Mike Munzer, 631-240-8814, [email protected]

Web:www.adnas.com

Twitter: @APDN

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Biotechnology FDA Other Health Health General Health Other Science Research Infectious Diseases Hospitals Genetics Science

MEDIA:

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