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Net Element, Inc. (NETE) Eliminates $15+ Million in Debt with New Debt Exchange Agreement

Today before the opening bell, Net Element announced its entry into a debt exchange agreement with Crede CG III, Ltd., a wholly owned subsidiary of Crede Capital Group, LLC. With the agreement, Net Element immediately eliminated $15,876,860 of indebtedness under certain promissory notes. This balance sheet development will be reflected in Net Element’s quarterly financial results for the period ending September 30, 2014. In exchange, Crede paid more than $15 million to Net Element’s note holders for such promissory notes. Upon acquiring them, Crede exchanged them for common stock in Net Element.

“In addition to saving on the financing expenses associated with holding high-interest loans, we have freed up a significant amount of cash flow and strengthened our balance sheet by replacing debt with equity. The increased financial flexibility provided by this transaction positions us to take advantage of growth opportunities and partnerships in promising areas such as mobile payments,” said Oleg Firer, CEO of Net Element.

Additional information regarding the financing can be found in Net Element’s Form 8-k, which Net Element filed with the SEC on today, September 15, 2014.

Net Element is a global technology-driven group specializing in mobile payments and value-added transactional services. The Company owns and operates a global mobile payments and transaction processing provider, TOT Group.

TOT Group’s companies include: Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next-generation, cloud-based point-of-sale payments platform; and TOT Money, which has been ranked as the #1 SMS content provider by Russia’s second-largest telecommunications operator.

For more information, visit: www.netelement.com

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Net Element, Inc. (NETE) is “One to Watch”

Net Element is a technology-driven group specializing in mobile payments and value-added transactional services that add convenience to mobile phone users’ lives and everyday commerce. The company’s innovations enable consumers to conduct commerce transactions from their mobile device, while online and offline payment capabilities allow merchants to reliably transact business anywhere and anyhow.

The company owns and operates TOT Group, Inc., a global mobile payments and transaction processing provider. TOT Group companies include Unified Payments, which was recognized by Inc. Magazine as the No. 1 fastest growing private company in America in 2012; Aptito, a next-gen cloud-based point of sale (“POS”) payments platform; and TOT Money, a mobile billing solutions provider and Russia’s top-ranked SMS content provider, according to Beeline, the country’s second largest telecommunications operator.

Net Element has headquarters in Miami, Florida, with international presence in selected emerging markets. Utilizing its global development centers and high-level business relationships, Net Element has positioned itself for continued growth in the mobile commerce and alternative payments environments.

Key Investment Highlights

• Using proprietary technology to transform global mobile, online and offline commerce
• Management team with extensive backgrounds in technology, payment processing, finance and marketing
• Recently expanded board of directors contributes strong, additional guidance to company initiatives
• Subsidiary portfolio of industry leading, top-ranked companies contributing to overall growth
• Resilient business with strong recurring revenue, diversified customer base and good visibility

For more information, visit www.netelement.com

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Strong Alliances Secured in Q4 Positions International Corp. (NUUU) with Market Advantage

Technology Applications International is primarily engaged in the production, distribution, marketing and sales of skin care products as well as the marketing of environmental management solutions. This diverse business model is operated through two wholly owned subsidiaries, Rejuvel Int’l, Inc. and NueEarth, Inc., and has served as a conduit for some pretty hefty company alliances.

Rejuvel markets its anti-aging facial repair cream under the RE’JUVEL® brand name. The product is formulated with a mixture of polypeptide growth factors and immunomodulating agents derived from 3D cell cultures of human dermal fibroblasts grown using NASA patented technology.

Naturally found in the layers of human skin, fibroblasts make collagens and other important elements, providing structural support necessary for the skin to heal. As we age, the human body generates less of these cells, resulting in wrinkles, sagging and blemishes. The RE’JUVEL formulation stimulates the growth of fibroblast cells, which tightens the dermal tissue and helps skin regain firmness to reduce wrinkle depth.

Because it is derived from technology and resources from the space program, Rejuvel has established an alliance with the Space Foundation, which works closely with the National Aeronautics and Space Administration (NASA) to recognize organizations with innovative, space technology-based products. Deemed a “Certified Space Technology,” RE’JUVEL has earned NUUU a “seal of approval” by the Space Certification Program, a label that designates the company as a provider of products and services that demonstrate a viable link to the space program as well as to how space exploration benefits life on earth.

Rejuvel recently entered into a distribution agreement with Turkey-based Force Dis Tic Ltd., Sti., which has, as part of a broader advertising campaign, placed a RE’JUVEL ad in the Turkish edition of popular, international fashion magazine Marie Claire. As Rejuvel advances on its plan to become a globally recognized brand, this distribution alliance provides an entrance into Europe and the Middle East and creates a stream of international revenue. According to the Turkish Health Ministry, retail sales of imported cosmetics in the Republic of Turkey alone topped $4 billion in 2013.

On the other end of NUUU’s interests is its NueEarth subsidiary, which develops environment solutions using electron particle beam technology called E-Beam. The E-Beam utilizes an electron beam particle accelerator unit that creates high energy electrons. These electrons produce free radicals in the waste water leading to decomposition of organic compounds, or pollutants. NueEarth’s goal is to develop various E-Beam applications to remove pollutants from wastewater, drinking water, municipal sludge and fracking liquids.

To assist with overarching company initiatives, NUUU recently formed an advisory board headed by Chairman Dr. Jacob G. Appelbaum, an internationally recognized physicist and multidisciplinary technologist with a broad spectrum of scientific interests and technological expertise, ranging from nanotechnology-based broad-spectrum antiviral therapeutics to 3D suspended cell cultures in a simulated microgravity environment for cosmetics and regeneration medicine, as well as environmental and medical applications of electron beam accelerators and microwave assisted freeze drying, extraction and distillation.

“Dr. Appelbaum’s background in cosmetic formulations, protein chemistry and molecular biology, along with his research experience while with INSPI and his experience with environmental applications of e-beam technology make him an excellent choice to be appointed as chairman of our Advisory Board …,” NUU CEO Charles J. Scimeca stated in a news release announcing the formation of the board.

Backed by news of exclusive licensing agreements with NASA as well as a distribution partnership in Turkey, NUUU has kicked-off the fourth quarter with incredible momentum that positions the company with a strong foothold in its targeted key markets.

For more information visit www.tapplic.com

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Pointer Telocation Ltd. (PNTR) Offers Comprehensive Vehicle Management Solutions

Israel-based Pointer Telocation offers advanced products and technology, in addition to Software as a Service (SaaS), to the Fleet, Automotive, Insurance, Cargo, and Public-safety industries. The company currently has products and technologies installed in over 1 million vehicles, covering 50 countries, with a focus on becoming the leading global provider of superior telematics related products, applications, and services, that enhance vehicle security and fleet operations.

Pointer’s Mobile Resource Management (MRM) solutions for commercial fleet operations are crucial to businesses looking for an edge on their competitors. The company’s advanced management and control software and hardware technologies are designed to ensure 24/7 fleet service, increased reliability, and lower operating costs. Pointer’s car sharing system, currently available in Israel, is a flexible and innovative car sharing service, allowing users to take cars for hours or days, paying only for what they use, with all costs included in a single price. Pointer’s value-added services for the insurance industry are proving to be critical for things like efficient Stolen Vehicle Recovery and Road Side Assistance services. Pointer Telocation’s CellocatorTM technology supports customers in various business sectors, such as fleet management, security providers, complementary software providers and integrators.

Pointer’s largely software-based services include:

• Fleet Management
• Fleet and Driver Safety
• Vehicle Security & Stolen Vehicle Recovery (SVR)
• Asset Tracking
• Location Based Services
• Road Side Assistance (RSA)

The company is actively pursuing expansion opportunities, with a focus on the following:

Insurance Telematics

• Driver Behavior & Vehicle Safety
• Usage Based Insurance
• Accident Detection & Reconstruction

Fleet Efficiency

• Business Intelligence
• Eco-driving / Fuel Efficiency
• Safety/E-call
• Remote Diagnostics

Pointer’s subsidiaries include:

• Cellocator – a leading AVL (Automatic Vehicle Location) solutions provider for Stolen Vehicle Recovery (SVR), Fleet Management, Car & Driver Safety, Public-Safety, Vehicle Security and more
• Shagrir – the leading provider of Fleet Management, SVR, and Road Side Assistance (RSA) services in Israel
• Pointer Localization Y Asistencia S.A. (Argentina) – provider of location (AVL) technologies such as Stolen Vehicle Recovery (SVR), Fleet Management and Cargo Control, as well as Alarm and Monitoring services
• Pointer Mexico – provider of Fleet Management solutions in Mexico
• Pointer do Brazil Comercial S.A. – provider of Fleet Management solutions in Brazil
• CAR2GO – provider of a flexible, cost-effective, and innovative car sharing service to registered members on a pay-as-you-go basis

For more information, visit www.Pointer.com

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Three Companies Stand Out at Rodman & Renshaw’s 16th Annual Conference

While at the Rodman & Renshaw’s 16th Annual Conference in New York City today, we had the opportunity to listen in on more than 60 different presentations. The companies below caught our attention.

Celsion Corp. (NASDAQ: CLSN) is a fully-integrated oncology company focused on developing a portfolio of innovative cancer treatments, including directed chemotherapies, immunotherapies and RNA- or DNA-based therapies. The company’s lead program is ThermoDox®, a proprietary heat-activated liposomal encapsulation of doxorubicin, currently in Phase III development for the treatment of primary liver cancer. The pipeline also includes EGEN-001, a DNA-based immunotherapy for the localized treatment of ovarian and brain cancers. For more information, visit www.celsion.com.

Sorrento Therapeutics, Inc. (NASDAQ: SRNE) is an oncology company developing new treatments for cancer and associated pain. The company’s most advanced asset Cynviloq™, the next-generation paclitaxel, commenced its registrational trial in March 2014 and is being developed under the abbreviated 505(b)(2) regulatory pathway. Sorrento is also developing RTX, a non-opiate TRPV1 agonist currently in a Phase 1/2 study at the NIH to treat terminal cancer patients suffering from intractable pain. For more information, visit www.sorrentotherapeutics.com.

Solitario Exploration & Royalty Corp. (NYSE MKT: XPL) is a gold, silver, platinum-palladium, and base metal exploration and royalty company with projects in Brazil, Mexico, Peru and Nevada. Success achieved thus far has been fueled by management’s ability to identify large-potential early stage exploration properties and subsequently leverage these successes into partnerships with senior mining companies. The company currently has significant business relationships with Votorantim Metais and Anglo Platinum. For more information, visit www.solitarioxr.com.

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Taser International Inc. (TASR) Gains Attention Following Nationwide Interest in Officer-Worn Body-Cams

Taser International is in the protection business. The company shines in the public safety technology field, expertly delivering customer-driven self defense products and personal safety equipment that protect life and truth. From its Axon/Evidence.com on-officer video and storage system to its industry-leading Conducted Electrical Weapons (CEWs), Taser’s products are designed to aid in preventing danger, providing accountability, reducing violent confrontation, and lowering injury rates for law enforcement officers and suspects.

Taser’s Axon camera, a body-worn camera for law enforcement, has been generating a lot of buzz lately.

In August 2014, following the alleged accidental shooting of an unarmed African-American teen by a police officer in the city of Ferguson, Missouri, an incident that has sparked civil unrest across the nation, concerned citizens have been making increased calls for the use of body-mounted cameras by police forces. Taser shares gained interest due to the nationwide attention on these so-called “cop-cams.”

Additionally, in early September 2014, officials revealed that, as part of a pilot program, the New York City police department would begin testing sixty body-mounted cameras made by Taser and privately-held Vievu, a company founded by Steven Ward, a former Taser marketing vice president. Use of the cameras was mandated in part of a 2013 court order that sought to curb the NYPD’s “stop and frisk” policy on the grounds that it violated constitutional protections against unwarranted searches. The presiding judge called for the camera’s use in a pilot program that would involve at least one police precinct in each of the city’s five boroughs. Considering that the NYPD is the nation’s largest police department, with a budget of about $4.6 million and some 34,000 officers, this is most likely the beginning of a trend across the force.

Taser develops, manufactures and sells its Axon body camera along with a host of complementary video products including:

• The complete Axon system which employs advanced audio-video record and capture devices worn by first responders to record video of critical incidents from the visual perspective of the officer;

• Evidence.com, a cloud-based digital evidence management system and warehouse, offering digital evidence management, sharing, analysis, and storage; and

• The Taser Cam HD, a video recording device that captures both video and audio of potential and actual Taser use incidents as an accessory to a Taser CEW.

Taser supplies its products through its online store and direct sales force as well as distribution partners and third-party resellers. It also backs these products fully with world-class professional services that facilitate all aspects of the planning and implementation of the company’s solutions. Founded in September 1993, Taser’s 100,000 square-feet corporate headquarters and manufacturing facility is located in Scottsdale, Arizona.

For more information, visit www.taser.com

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Corporate Resource Services’ (CRRS) Bold Mission Statement Supplemented by Key Corporate Achievements

Corporate Resource is a diversified technology, staffing, recruiting and consulting services firm offering cloud-based enterprise applications and hosting services to a wide variety of clients and industries. The company has defined an aggressive mission to become the industry leader in all facets of staffing services, and thus far has demonstrated a strong trajectory to achieve this goal.

Approximately 2.6 million people each day are employed by staffing companies, which over the past eight years have created 1 million new jobs, according to the American Staffing Association. So what does it take to stand out as an industry leader in a market this size?

The company’s plan to excel in its field starts with providing clients with vital human capital resources to drive profitability and customer satisfaction. Corporate Resource recruiters utilize the latest recruiting tools to provide clients with the right person for the job, also advantageous to the customers, which are placed into positions that best fit their skillset and expertise.

Having a strong management team at the wheel is invaluable to this first step. Corporate Resources is headed by chief executive officer and Chairman John P. Messina, who has more than 15 years of experience in the human capital services industry. Messina joined the company’s board of directors in April 2007, and climbed the ranks to achieve his current post in October 2012. He has been a successful entrepreneur as founder of several small businesses, and has previous experience in various executive positions in the transportation and construction industries.

Messina is joined by Chief Operating Officer Mark Levine, who has 21 years of experience in various managerial and executive-level positions; Chief Financial Officer Michael J. Golde, who contributes more than 20 years of experience in the human capital services, technology and professional services industries; and Frank Vaccaro, who has held many high-level management positions with Melville Corporation, Berkshire-Hathaway, J Baker and various staffing corporations.

An extensive market presence also comes into play as the company seeks the industry’s top rank. Corporate Resource currently operates 231 staffing and on-site facilities in 42 states and the District of Columbia. Spanning professional and administrative careers to general and industrial careers, Corporate Resources matches companies with employees on temporary, temp-to-perm or permanent placements.

In a recent public announcement, Corporate Resources said it is also seeing increased demand for its staffing services in the financial sector stemming from companies’ need for additional manpower without completely outsourcing their audit and risk management functions.

“Banks and financial services institutions have been hit with a ‘perfect storm’ in terms of compliance and risk management …,” Messina stated in the news release. “The Patriot Act continues to place necessary pressure on compliance with the Bank Secrecy Act. At the same time, all companies that currently use GAAP to report financial results are preparing for a transition to the IFRS. These trends, joined with unprecedented threats to IT security and customer data, are generating tremendous demand for consultants with the experience and knowledge needed to mitigate risk and ensure compliance.”

As a solution, Corporate Resources provides banks and financial services companies with on-demand, qualified personnel to help them achieve a more flexible and cost-effective staffing model.

Another characteristic of an industry leader is, of course, money. Corporate Resources in an approximate four-year period completed eight major acquisitions of regional staffing agencies, which it melded under one brand and increased revenue $23.9 million in the first quarter of 2014.

First-quarter revenue increased 12.5% to $218.4 million compared to the first quarter of 2013, driven by growth from acquisitions as well as 7.9% organic growth.

An impressive client base also fares well for the company’s mission. Corporate Resources has established client partnerships with some of the biggest names such as Goldman Sachs and Morgan Stanley; retailers like Macy’s and Barney’s New York; FedEx; Memorial Sloan Kettering Hospital; Del Monte and Coca Cola; MTV, Disney and the New York Times; Siemens; and many more.

In the past three years, growth of temporary staffing employment has outpaced the U.S. economy at 8.4% and 2.3%, respectively, according to Business Services from BMO Capital Markets. An IBIS World report forecasts the staffing industry to grow at an average annual rate of 2.7% from 2012 to 2017.

Armed with an aggressive and proven acquisition strategy, proprietary PEO software for business and human resource management, and a strong management team, Corporate Resources appears well-equipped to tackle this growing industry head-on and emerge and industry victor.

For more information visit www.crsco.com

 

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Motorcar Parts of America, Inc. (MPAA) Public Offering Raises $66.9M Net Proceeds

Motor Parts of America today completed its previously announced underwritten public offering of 2,760,000 shares of its common stock at a price to the public of $26 per share for estimated net proceeds of approximately $66.9 million.

The offering includes the exercise in full by the underwriters of their option to purchase up to 360,000 additional shares of common stock. Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC acted as joint book-running managers for the offering; B. Riley & Co., LLC acted as co-manager for the offering.

The automotive aftermarket parts manufacturer and dealer said it plans to use the net proceeds of the offering for working capital and other general corporate purposes.

Motorcar Parts of America sells its products and re-manufactured units to automotive retail outlets and the broader professional repair market throughout the United States and Canada. The company has production facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore and Malaysia.

For more information visit www.motorcarparts.com.

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iMobileApp Means a Better Mobile App for Small and Growing Businesses

When it comes to reaching the wider marketplace, one of the most important things for small and growing businesses to know is that having a website is just not enough anymore. This is not always a welcome message for newer companies struggling to maintain an online presence at all. But the fact is that smartphones are the primary device for accessing the Internet, a trend that promises to increase. In fact, most of the time spent on smartphones is spent using mobile apps, not making phone calls.

It’s all old news to New York City-based iMobileApp, a provider of mobile marketing applications for developing businesses. The company prides itself in offering next-generation technology that allows businesses highly functional mobile marketing at a far smaller cost than standard print or web approaches. For businesses, it’s a way of ensuring that their target customers will always have market-critical information with them wherever they take their phone. They will never be more than a keystroke away, making it easy for them to buy products, make reservations, gather information or simply make contact.

The company emphasizes that this requires more than the base-level fast-apps that are commonly advertised; apps that simply don’t have the functionality to represent a serious business. As a competitive provider of mobile applications for small and growing businesses, iMobileApp believes it knows the importance of a superior customer experience. The iMobileApp platform is designed to be full-featured at an affordable price and includes:

  • Versatility – Works on iPhone and Android systems, and fits on any screen, mobile phones or tablets
  • Easy to Edit – Training and control panel access, with real-time edit/add/delete capabilities for content or campaigns
  • Manageable – Schedule app marketing and communications in advance, or use the Managed App Program
  • Custom – Designed to match a brand look and feel, and incorporates web, social media, and blog

For more information, visit www.iMobileApp.com

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Stellar Biotechnologies, Inc. (SBOTF) CEO Presents at Renshaw 2014 Global Investment Conference

Stellar Biotechnologies president and CEO Frank Oakes today presented at the Rodman & Renshaw 2014 Global Investment Conference, where more than 200 biotech, healthcare, technology, natural resources and growth companies are presenting to an audience of more than 1,500 attendees. The conference will be held at the New York Palace Hotel in New York City, September 8-11, 2014.

Oakes took the stage to highlight the Stellar’s position and operations a sustainable manufacturer of Keyhole Limpet Hemocyanin (KLH), an important immune-stimulating protein used in wide-ranging therapeutic and diagnostic markets.

This versatile molecule can be combined with a disease-targeting agent to create a novel immunotherapy, or used alone to assess the body’s immune response.  KLH can only be obtained from a scarce marine source, the Giant Keyhole Limpet, a shelled species native to Southern California and Mexico.

Stellar has developed a patented method for harvesting KLH without harming the Giant Keyhole Limpet.  The company’s production facilities represent breakthrough achievements such as the first-ever ability to sustain generations of the source in controlled, land-based facilities.

Stellar aims to utilize this method to meet the growing demand for commercial-scale supplies of GMP grade KLH, ensuring environmentally sound KLH production and developing KLH-based active immunotherapies.

The webcast of Oakes presentation is archived on Stellar’s website at: http://ir.stellarbiotechnologies.com/events-calendar

Visit www.stellarbiotech.com and the KLH knowledge base www.klhsite.org.

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