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INVESTOR ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Anadarko Petroleum Corporation (APC) & Lead Plaintiff Deadline – July 3, 2017

By Bronstein, Gewirtz and Grossman, LLC

NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Anadarko Petroleum Corporation (“Anadarko” or the “Company”) (NYSE: APC) and certain of its officers, on behalf of shareholders who purchased Anadarko securities between February 17, 2016 and May 2, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/apc.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that: (1) Anadarko’s maintenance and safety protocols in respect to certain of its vertical wells were inadequate; (2) due to the foregoing shortcomings, these wells were at an increased risk of explosion; and (3) consequently, Anadarko’s public statements were materially false and misleading at all relevant times.

On April 17, 2017, a deadly explosion killed two individuals and critically injured another in a recently built home located within 170 feet of an Anadarko well. On April 26, 2017, The Denver Post reported that Anadarko “plans to shut down 3,000 vertical wells in northeastern Colorado after a fatal home explosion in Firestone near one of its wells.” Following this news, Anadarko stock dropped $2.84 per share, or 4.73%, to close at $57.12 on April 27, 2017.

On May 2, 2017, the Frederick-Firestone Fire Protection District, together with the Firestone Police Department and the Colorado Bureau of Investigation, determined that the fatal home explosion was due to a faulty gas line connected to an old well owned by Anadarko. Officials said that the gas line was abandoned, but not disconnected from the wellhead and sealed at both ends. As a result, the line only stopped leaking gas after Anadarko shut down 3,000 wells in the region following the explosion. Following this news, Anadarko stock dropped $4.54 per share, or 8.07%, to close at $51.74 on May 3, 2017.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: http://www.bgandg.com/apc, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Anadarko, you have until July 3, 2017 to request that the Court appoint you as Lead Plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 465321

INVESTOR ALERT – – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Barrick Gold Corporation (ABX) & Lead Plaintiff Deadline – July 10, 2017

By Bronstein, Gewirtz and Grossman, LLC

NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE: ABX) and certain of its officers, on behalf of shareholders who purchased Barrick securities between February 16, 2017 and April 24, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/abx.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

On April 24, 2017, Barrick revised its full year guidance, stating that “[f]ull-year gold production is now expected to be 5.3-5.6 million ounces, down from our previous range of 5.6-5.9 million ounces.” Barrick credited about two-thirds of the decrease to the planned sale of 50% percent of its Veladero mine. The Company also revised Veladero-specific guidance, forecasting full-year production at Veladero of 630,000-730,000 ounces, compared to its previously-issued guidance of 770,000-830,000 ounces. Following this news, Barrick stock dropped $2.15 per share, or 11.3%, to close at $16.89 on April 25, 2017.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the pipes and safety systems at the Veladero mine were not robust enough to prevent gold-bearing solution spills; (2) that, consequently, Argentinian authorities would restrict the addition of cyanide to the Veladero mine’s heap leach facility and require remedial work; (3) that these developments would impact (and were impacting) the production capacity of the Veladero mine; (4) as a result, Barrick’s Veladero mine production guidance and total gold production guidance were overstated; and (5) that, due to the above mentioned reasons, Defendants’ statements about Barrick’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/abx or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Barrick you have until July 10, 2017 to request that the Court appoint you as Lead Plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 465307

DEADLINE ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Citizens Financial Group, Inc. (CFG) & Lead Plaintiff Deadline – June 26, 2017

By Bronstein, Gewirtz and Grossman, LLC

NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Citizens Financial Group, Inc. (“Citizens” or the “Company”) (NYSE: CFG) securities and certain of its officers, on behalf of a class who purchased Citizens securities between March 18, 2016 and March 29, 2017, (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/cfg.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements about its business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Citizen employees were falsifying information related to the Citizens Checkup program; (2) as a result, the Company’s reported Citizens Checkup figures were exaggerated; and (3) consequently, Defendants’ statements about Citizens’ business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On March 29, 2017, the Wall Street Journal (“WSJ”) reported that certain Citizens employees acknowledged that Company employees faked “financial checkup” meetings with customers. Citizens stated that the “Citizens Checkup” program resulted in 400,000 scheduled appointments in 2016, but the WSJ reported that former employees said they falsified information due to the Company’s pressure to meet certain program expectations. Following this news Citizens stock price dropped.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: www.bgandg.com/cfg, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Citizens, you have until June 26, 2017 to request that the Court appoint you as Lead Plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 465171

Brad Nierenberg Highlights Key Points for eSports and the Gaming Industry Going Forward

By Brad Nierenberg

WASHINGTON, DC / ACCESSWIRE / June 23, 2017 / As an established influencer in the field of online enterprise solutions, Brad Nierenberg shares his insights into the future of sports and the gaming industry, noting a number of ways forward the sport industry will likely take over in coming years. The renowned business executive draws upon these analyses building from his personal observations as CEO of Washington, DC and Los Angeles based RedPeg Marketing, an award-winning experiential marketing agency. Nierenberg sees the value in eSports-related opportunities poised to capture an estimated $493 million in revenue for 2016. His two plus decades of event marketing experience coupled with his oversight of RedPeg’s specialty division in gaming, gives him a deep understanding of how big brands can leverage the future of this emerging industry. The major developments of virtual reality, game developer crowdfunding, and mainstreaming of eSports events are expected to provide excellent opportunities for businesses looking to capture an under tapped market, despite the tightly held secrets of the major players, in this dynamic, fast-moving industry.

Why is eSports exploding? Brad Nierenberg believes that societal change and technological advancements have combined to create a new type of consumer. “The iPad gave birth to an age of touch-screen natives. They are accustomed to on-demand digital engagement and play on their own terms with people around the globe. eSports events are a natural extension of this phenomenon.” Nierenberg states.

A May 31, 2016 CNN article reporting on the status of professional video gamers described seven figure incomes and stadiums filled to the brim with spectators ready to watch eSports. This market has had an explosive 29.2 percent audience growth and 42.6 percent revenue growth in 2016. The atmosphere is both unique and the same as other live sport events. ESports commentators, branded “casters,” offer insights about top players. These gamers are earning fans with loyalties as strong as those of traditional sports teams. In an article published June 21, 2016 on his
website
, Brad Nierenberg notes that competitions in championship gaming already receive more viewership than final games in the NBA and NHL. He believes eSports viewership is quickly going to eclipse that of the NFL. ESPN already offers a wealth of information on its website that highlights eSports champions, events, and industry news, making the transition to television broadcasts that are viewable on mobile devices a logical next step.

As players are being attracted in droves to the improvements in technologies that embrace virtual reality and augmented reality, Nierenberg believes the barriers to entry will go down as equipment costs lower, continuing the drive upward for eSports participation. PC World expects the 9.6 million VR sets shipped in 2016 will rise to 64.8 million by the year 2020, realizing compound annual growth exceeding 180 percent.

The demand for new games driven by increased access to hardware will require input from skilled developers in need of cash to create ever more complicated and realistic products. To meet those needs, crowdfunding sites have grown around this movement, with the larger traditional sites seeing high participation for gamers and developers seeking funding with vast responses on sites like Kickstarter and Indiegogo. On the Fig site, many games easily raise as much as $3 million in short order, proving the intense interest and support for quality games.

Debate rages regarding equal treatment of physical sports competitions and their virtual game counterparts. If a growing fan base constitutes validation, eSports are true sports that Brad
Nierenberg
sees as validation of entrepreneurs looking for new business consumer engagement platforms. Nierenberg knows where the attention is riveted. An award-winning experiential marketer who is frequently featured in Adweek, Fast Company, Inc. Magazine, and The Wall Street Journal, Brad Nierenberg’s deep industry intelligence provides innovative, high intensity marketing advice for high profile clients that play to win.

Brad Nierenberg – President & CEO of RedPeg Marketing: http://bradnierenbergnews.com
Brad Nierenberg (@bradnierenberg) – Twitter: https://twitter.com/bradnierenberg
Brad Nierenberg – Quora: https://www.quora.com/profile/Brad-Nierenberg

Contact Information:

BradNierenbergNews.com
www.BradNierenbergNews.com
brad@bradnierenbergnews.com

SOURCE: Brad Nierenberg

ReleaseID: 466695

China Minerals Announces Commencement of Technical Report

Vancouver, British Columbia–(Newsfile Corp. – June 23, 2017) – China Minerals Mining Corporation (TSXV: CMV) (OTC Pink: HWTHF) (“China Minerals” or the “Company”) is pleased to announce that the Company has retained Paul Cowley, P.Geo, of Buena Tierra Developments Ltd. to prepare a National Instrument 43-101 technical report concerning the Company’s Table Mountain and Taurus Properties. The Company anticipates that the technical report will be completed in August 2017.

About China Minerals Mining Corporation

China Minerals Mining Corporation is a Canadian based exploration and development company with offices located in Vancouver, B.C. and Beijing, China. China Minerals’ goal is to build an international mining company.

For more information on China Minerals, please contact the Company at (604) 694-2344, or visit the Company’s website at www.chinamineralsmining.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“signed by Ling Zhu”

Ling Zhu
Executive Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in China Minerals’ periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “appear”, “should,” and similar expressions, are forward-looking statements.

Although China Minerals has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and China Minerals disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Centurion Announces $200,000 Private Placement

Vancouver, British Columbia–(Newsfile Corp. – June 23, 2017) – Centurion Minerals Ltd. (TSXV: CTN) (“Centurion”, or the “Company”) announces it has arranged a non-brokered private placement for up to $200,000 priced at $.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each warrant will be exercisable for one common share at $0.10 for the first year and at $0.15 for the second year following the closing. Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period.

Proceeds from this financing shall be used by the Company as operating expenses for the Ana Sofia, Argentina agri-gypsum plant and for general corporate purposes.

A total of $86,600 of Centurion’s previously announced private placement for $175,000 at $0.07/unit was completed and the balance of this financing has been cancelled.

ABOUT CENTURION

Centurion Minerals Ltd. is a Canadian-based company with an international focus on the exploration and development of agri-mineral and precious mineral projects.

On Behalf of the Board,

“David G. Tafel”
President and CEO

For Further Information contact:
David Tafel
604-484-2161

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward looking statements concerning future operations of Centurion Minerals Ltd. (the “Company”). All forward-looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections. Such statements include, among others: possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; accidents and other risks of the mining industry; delays and other risks related to construction activities and operations; timing and receipt of regulatory approvals of operations; the ability of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing for proposed transactions, programs and working capital requirements on reasonable terms; the ability of third‑party service providers to deliver services on reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions. It is important to note that the information provided in this news release is preliminary in nature. The Company’s Ana Sofia project has not been the subject of a feasibility study and as such there is no certainty that a potential mine will be realized or that the processing facility will be able to produce a commercially marketable product. There is a significant risk that any production from the project will not be profitable with these risks elevated by the absence of a compliant NI 43‑101 feasibility study. A mine production decision that is not based on a feasibility study demonstrating economic and technical viability does not provide adequate disclosure of the increased uncertainty and specific risks of failure associated with such a production decision. The work carried out to date is of a preliminary nature to assist in the determination as to whether the mineral product is suitable for sale and if there are markets for the mineral product. The Company has undertaken market research and studies to try to mitigate these risks. General risks inherent in the Project include the reliance on available data and assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates, share price volatility, estimated price volatility, changes in equity markets, exchange rate fluctuations and other risks involved in the mineral exploration and development industry. There can be no assurance that a forward‑looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward‑looking statements or information. We undertake no obligation to reissue or update any forward‑looking statements or information except as required by law.

IIROC Trade Resumption – Osisko Metals Incorporated

Vancouver, British Columbia–(Newsfile Corp. – June 23, 2017) – Trading resumes in:

Company:

Osisko Metals Incorporated

TSX-V Symbol:

OM

Resumption Time (ET):

08:00 June 26, 2017

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

CKR Announces Resignation of Director Mike England

Vancouver, British Columbia–(Newsfile Corp. – June 23, 2017) – CKR Carbon Corporation (TSXV: CKR) (FSE: CB81) (“CKR” or the “Company”) a graphite development company and operator of the Aukam vein graphite project in Namibia, announces the resignation of Mr. Mike England as a Director of the Company as he wishes to focus on other ventures.

Mr. England has been involved as a Director, and later as President and Chief Executive Officer, since 2009. He positioned the company in the graphite space, initially with projects in Ontario and Quebec, followed by the acquisition of the Aukam project in Namibia in 2015 which remains the Company’s flagship.

“The company would like to thank Mike for his help and encouragement following the acquisition of the Aukam project,” said Roger Moss, Chief Executive Officer of CKR Carbon. “We wish him well with his other endeavours.”

About the Aukam Project

CKR has, through a binding Farm Out Agreement with Next Graphite Inc., an option to acquire 63% of the Aukam graphite project by meeting certain milestones and making cash payments. It also has the option to buy an incremental 10% of Next’s remaining interest in the License subject to agreement by Next. CKR has acquired 52% of the project and expects to acquire the full 63% in the near future.

The Aukam Graphite Project is located on 34,082 hectares in southern Namibia close to the port city of Luderitz. The property hosts three underground adits which were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 composite samples taken from the lower three dumps were assayed and averaged 42% Carbon as graphite (Cg). While these composite samples were selected from a much larger screened sample of the dumps, they are not considered representative of the mineralization on the property as a whole.

CKR recently completed a bulk sampling program at Aukam, and has a letter of intent to sell a portion of the graphitic material produced during the program. CKR is currently undertaking technical studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

About CKR Carbon Corporation

CKR Carbon Corporation is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil, graphene and other value-added high growth technology applications.

CKR is currently undertaking studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement. The company is listed on the TSX Venture Exchange under the symbol CKR.

For more information: visit the website at www.ckr-carbon.com or contact:

Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: rmoss@ckr-carbon.com

For graphite product enquiries:

Arno Brand, Boswell Projects, +1 416-561-4095 abrand@boswellprojects.com

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Ebiquity Launches Media Transparency Score at Cannes Lions 2017

By Ebiquity

Media Analytics Consultancy Unveils Transparency Measurement Tool at the Heart of the Festival of Creativity

NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Ebiquity (LSE: EBQ), an independent, global leader in marketing and media analytics, has announced the launch of an innovative transparency measurement and evaluation tool for advertisers at Cannes Lions Festival 2017.

The Ebiquity Media Transparency Score, available in late June, has been developed to help advertisers understand how well their business operations perform in achieving the level of media transparency they desire from their marketing activities. Advertisers will complete an in-depth questionnaire, with a score that provides an absolute and relative value. The vision is for clients to be able to compare media transparency levels within their own business and peers.

The new service comes one year after the ANA Media Transparency Initiative, which put the transparency agenda high on advertisers’ concerns and challenges. It also helps advertisers respond to the call for more media transparency, such as from Marc Pritchard, the Chief Brand Officer of P&G.

Michael Karg, group Chief Executive Officer of Ebiquity, commented on the Media Transparency Score: “Media transparency is one of the most pressing topics for advertisers today. We have been partnering with advertisers to help them improve the accountability of their media investments for many years, and we believe the Ebiquity Media Transparency Score will become one of the standard benchmarks for this in the industry.”

The Ebiquity Media Transparency Score, in particular, responds to advertisers’ concerns over the increasingly complex digital media ecosystem and the need for increased stewardship of data and technology within client organizations. The score has been developed to tackle these challenges by asking advertisers to complete a thorough questionnaire covering systems, processes, and governance. The ultimate aim of the tool is to improve media transparency by giving access to a common metric and allowing advertisers to benchmark their level of transparency against their peers.

Media Contact:

Lauren Gelecke
Director of Marketing, Ebiquity – North America
lauren.gelecke@ebiquity.com

SOURCE: Ebiquity

ReleaseID: 466527

Ubiquity Inc. Files 2015 10K as Interim CEO Take Aggressive Steps Towards Compliance and Restructuring Company

By Ubiquity, Inc.

IRVINE, CA / ACCESSWIRE / June 23, 2017 / Ubiquity, Inc. (OTC PINK: UBIQ) (“Ubiquity” or the “Company”), is a vertically integrated, technology-focused media company. Ubiquity, whose portfolio of patents and intellectual property cover virtual, augmented, mixed and immersive reality as well as the Internet-of-Things, announced today that it has filed it 10K for the period ending December 31, 2015.

Chris Carmichael newly installed interim CEO took immediate steps towards financial reporting compliance. Carmichael said, “We are committed to this effort and are working diligently to complete the task. I am confident we can become fully compliant quickly as we execute our restructuring plan.”

Ubiquity intends to undertake a Restructuring Plan to (a) ultimately achieve compliance with its reporting obligation under the Exchange Act; (b) settle all, if not substantially all, of its outstanding litigation; and (c) implement its business plan to commercialize its patent portfolio and provide software as a service (SaaS), mobility as a service (MaaS), virtual and augmented reality products and services.

About Ubiquity

Based in Irvine, California, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity’s portfolio of patents and intellectual property covers virtual, augmented, mixed and immersive reality as well as the Internet-of-Things.

Forward-Looking Statements

Statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. In some cases, you can identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” “will,” “would” or the negative of these terms or other comparable terminology. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated, including, without limitation, the fact that: we are delinquent in filing our Form 10-K Annual Reports with the SEC and our required quarterly reports since September 30, 2015; our potential inability to raise additional funding as required to execute our business plan; the potential that our common stock may be permanently delisted from trading as a reporting company under the Exchange Act; the possibility that our creditors may sue on defaulted notes in excess of $3.0 million which could cause us to seek relief under the federal bankruptcy law; and the possibility that our common stock may never trade on any recognized securities exchange. These forward-looking statements are made as of the date of this press release, and the Company assumes 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, except as required by law.

Contact:

(949) 489-7600

SOURCE: Ubiquity Inc.

ReleaseID: 466668