NEW YORK, NY / ACCESSWIRE / June 18, 2015 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a company update on Rightscorp, Inc. (OTCQB: RIHT).

The note is available here: RIHT Update Note. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Rightscorp, Inc., (OTCQB: RIHT, “Rightscorp”) is a leading champion of artists and other holders of copyrighted intellectual property. The Santa Monica, CA-based company reported fiscal 1Q15 earnings on May 7, 2015, which demonstrated continued growth both in revenue and the number of copyrights ingested over its system. We continue to see Rightscorp as establishing itself as a recognized industry player with a differentiated solution focused on the detection of repeated copyright infringement activity for digitalized media. In our view, the company has high growth potential, with the possibility of generating rapidly expanding margins if it can achieve critical mass in its industry.

-Record 1Q15 revenues of $307,904 were up 63% YoY from $188,933 – and up 27% sequentially from $241,928 in 4Q14. 

-GAAP Net Income improved to $0.1mn from a loss of ($0.7mn) in the year-ago period, as earnings benefitted from a $1.0mn gain on the valuation of derivative instruments. EPS was $0.00, compared to ($0.01) in 1Q14. 

-Copyrights ingested into the company’s system increased by 20,000 sequentially, from 230,000 at the end of 2014 to 250,000 at the end of 1Q15

Additional highlights of the note are as follows:

Pure growth story continues

Rightscorp began the year with strong growth on a sequential and year-over-year basis. 1Q15 revenues grew by 63% from $188,933 in 1Q14 to reach $307,904 – a record for the company. We were also pleased to see strong sequential growth as well, with revenues increasing by 27% from 4Q14 levels of $241,928. We note that the company has generated triple-digit revenue growth for the last two years, with 2013 revenue increasing by 236% over 2012, and 2014 revenue increasing by 187% over 2013. If the company reaches our 2015E revenue estimates, it will make a third consecutive year of triple-digit growth.

Continued growth in revenue-generating operating metrics

We continue to see nice progress in Rightscorp’s core revenue-generating operating metrics. The company ended the quarter with over 233 ISPs (including Google Fiber) cooperating with the company to stop repeat digital copyright infringement. Additionally, Rightscorp continues to grow the number of copyrights ingested into its tracking and monetization system. As of the end of March, copyrights ingested into the system were over 250,000 – a significant sequential improvement over 230,000 at the end of 4Q14. We will continue to track these metrics at Rightscorp, because as these metrics grow, Rightscorp will have access to a larger pool of copyright infringement activity to drive settlement revenues.

New CFO Cecil Bond Kyte adds leadership and experience

On June 1, 2015, Rightscorp announced that it had appointed Cecil Bond Kyte as the company’s new Chief Financial Officer. We see the move as an important rounding out of the company’s management team, and are encouraged by Kyte’s experience in leadership roles at public companies. Most recently, Kyte served as Chairman and CEO of Save the World Air, Inc. (STWA), a California-based, publicly traded company developing innovative energy technologies. Kyte spearheaded STWA’s restructuring and pioneered its development of Applied Oil Technology, a technology platform designed to advance efficiencies in oil pipeline systems. Under Kyte’s stewardship, STWA grew from approximately $10mn in market capitalization in 2007 over $350mn by 2013.

Maintain price target of $0.89

We are adjusting 2015E top-line estimate to $2.5mn with EBITDA of ($2.4mn) and EPS of ($0.01). Our price target remains $0.89 for Rightscorp, which represents 456.3% upside potential from the recent market price of $0.16.

Please review important disclosures on our website at www.seethruequity.com.

About Rightscorp, Inc.

Rightscorp (RIHT) is a leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP). The Company’s patent pending digital loss prevention technology focuses on the infringement of digital content such as music, movies, software, books and games and ensures that owners and creators are rightfully paid for their IP. Rightscorp implements existing laws to solve copyright infringements by collecting payments from illegal file sharing activities via notifications sent through Internet Service Providers (ISPs). The Company’s technology identifies copyright infringers, who are offered a reasonable settlement option when compared to the legal liability defined in the Digital Millennium Copyrights Act (DMCA). Based on the fact that 22% of all Internet traffic is used to distribute copyrighted content without permission or compensation to the creators, Rightscorp is pursuing an estimated $2.3 billion opportunity and has monetized major media titles through relationships with industry leaders. http://www.rightscorp.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 429950

NEW YORK, NY / ACCESSWIRE / June 18, 2015 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage of Breathe eCig Corporation (OTCQB: BVAP) with a price target of $0.35.

The report is available here: BVAP Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Based in Knoxville, TN, Breathe is driving innovation in the large and rapidly growing e-cigarette industry, and is the process of its commercial launch in New York, online, and in Tennessee. Inspired by a drive to create a high quality, socially responsible product made with flavors made from natural and organic ingredients, Breathe has developed a novel e-cigarette with a sleek design and proprietary patent-pending technology that differentiates it from industry competitors. The company has clearly taken great care to create a high quality, feature-rich product. Breathe has designed over 40 hand-crafted flavors made from organic and natural. In addition the Company’s next generation devices (which will incorporate the Company’s pending intellectual property) will reproducibly and precisely dispense the recommended amount of nicotine per puff and offer an optional childproofing device-both firsts in the industry. Breathe became a public company through a merger transaction with DNA Precious Medals, Inc., completed January 1, 2015.

“We are attracted to Breathe not only due to its proprietary products and unique approach to the multi-billion dollar ECIG industry, but also because we see several near-term commercial catalysts with the potential to add substantial value. Breathe is currently commencing its commercial launch in the New York City metro area, and is also offering product directly to consumers online and in Tennessee retail locations though distributor AMPA Group (covering Eastern Tennessee). The company recently shipped 100,000 units and 500 displays to the New York area for distribution in hundreds of convenience store and gas station locations, and we expect it to report its first quarter of meaningful revenues in 2Q15E. The company has been in discussions with retail and distribution partners globally, and we see the potential to invest in an innovative product with large market potential at the earliest stage of its commercialization,” stated Ajay Tandon, CEO of SeeThruEquity. “We are initiating coverage with a 12-month price target of $0.35 per share.”

Additional highlights from the report are as follows:

Compelling high end product line

Breathe is competing in the large and growing e-cigarette market with a product differentiation strategy we think has the potential to resonate with consumers. Inspired by a drive to create a high quality, socially responsible product made from all-natural ingredients, Breathe has developed a revolutionary e-cigarette with a sleek design and proprietary patent-pending technology that differentiates it from industry competitors. The company has clearly taken great care to create a high quality, feature-rich product. Breathe has designed over 40 hand-crafted flavors made from organic and natural flavors and has incorporated two patent-pending industry-first product features in its e-cigarette– a child safety lock and a proprietary mechanism that “reproducibly and precisely” dispenses the recommended amount of nicotine per inhalation.

Massive potential for new leaders in eCigarettes and vape market

We see significant potential for Breathe as it enters the multi-billion dollar market for e-cigarettes and vaporizer products. There are over 42.1mn smokers in the United States, and Breathe management believes its domestic market opportunity is over 2.1Bn. The global opportunity is much larger. According to Euromonitor, the global market for e-cigarettes is expected to grow rapidly, increasing from $3.5Bn in 2013 to $51Bn by 2030, when it is predicted to represent 4% of the global tobacco market. Longer term, we also expect Breathe to benefit from therapeutic applications of its technology, as the company has a budding partnership with Pfizer and recently formed a wholly-owned subsidiary, Breathe MD, which will develop medical technologies using the company’s intellectual property.

National launch commencing with product arriving in NY, TN

Breathe is currently transitioning form a research and development company to a commercial stage company with the national launch of its second-generation Breathe eCig, supported by distribution in New York and Tennessee, as well as an online website and intriguing social media campaign. The company confirmed that 100,000 units and 500 display cases have arrived for distribution in hundreds of retail and dispensary outlets in New York. The units will also be used to fulfill online orders and a $0.3mn purchase order from Tennessee-based distributor AMPA Group. We expect the company to report its first meaningful revenues in 2Q15 as a result of the June product launch. Assuming the initial uptake of the product is successful, we expect continued expansion at retail and dispensary locations, as the management team has identified over 22,000 target retail locations for its product globally and recently announced a new major distribution partner, TNG (a division of the Jim Pattison Group), which should enable the company to cover most of North America by year-end.

Please review important disclosures on our website at www.seethruequity.com.

About Breathe eCig Corporation

Breathe was founded in 2012 as a research and development company in Knoxville, Tennessee with the mission to develop a better e-cigarette than was available on the market. Now holding multiple patents (pending) for its groundbreaking product, BVAP, Breathe is not your typical e-cig manufacturer. With a commitment to remaining socially responsible through innovative product development, consumer outreach and education, Breathe challenges the e-cig industry establishment. To find out more, visit www.breathecig.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is NOT PAID FOR and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 429949

Celebration of Hope Named for Local Girl Who Lost Battle to Cancer 10 Years Ago at Age 12

HORSHAM, PA / ACCESSWIRE / June 18, 2015 / It wasn’t a hard call for Paula Davis, owner of the local Cottman Transmission and Total Auto Care franchise located here in Charlotte to take. Four years ago, she was asked to help support a fundraiser in memory of a local girl who had lost her battle with cancer at age 12.

The story goes back more than ten years ago, when Hope Stout, suffering from incurable cancer, was chosen by the Make-A-Wish Foundation to have her wish granted. But rather than take a gift or trip for herself, the young hero said her wish was to raise enough money – more than $10,000 – to grant wishes to the 155 other Make-A-Wish kids in the Charlotte area. Hope’s selfless wish caught the attention of people in Charlotte and beyond, and $1.1 million was raised for Make-A-Wish.

After Hope succumbed to cancer later that year, her parents formed the March Forth With Hope Foundation in her honor, to provide financial support to families battling cancer and other life-threatening diseases. Every year, the foundation holds a series of fundraisers and when Paula Davis got a call to help, she immediately said yes.

For the past four years, Cottman of Charlotte has helped by sponsoring a table at the annual gala. They also sponsor a hole at the foundation’s golf outing and they donate a $1,500 gift certificate for a transmission repair or replacement for the foundation’s silent auction.

“Local businesses like Cottman are our lifeblood,” said Stuart Stout, Hope’s father and March Forth With Hope Board Chairman. “Without help from Cottman and others in the Charlotte business community, we would be nowhere.” The Celebration of Hope gala this year brought in more than $162,000, he said.

“What little Hope did ten years ago was an outstanding example of bravery and selflessness,” said Paula Davis. “We are honored as a business and as members of the Charlotte community to do whatever we can to help the March Forth With Hope Foundation bring some happiness and comfort to families in the area who are going through a battle with serious illness.”

Davis has owned the Cottman center at 501 E Sugar Creek Rd. in Charlotte for 24 years. Her daughter Sheri manages the business. They can be reached at www.cottmanofcharlotte.com.

About Cottman Transmission and Total Auto Care:

With locations across the U.S., Cottman Transmission and Total Auto Care is a transmission and auto repair brand that services almost any make or model vehicle, foreign or domestic. Cottman Transmission and Total Auto Care centers specialize in complete transmission service, brakes, suspension, air conditioning service and much more. Cottman’s headquarters is based in Horsham, Pennsylvania. For more information, please visit www.Cottman.com and www.TheCottmanManBlog.com.

Contact:

Derik Beck
VP of Digital Marketing
dbeck@cottman.com
267-464-7212

SOURCE: Cottman Transmission and Total Auto Care

ReleaseID: 429886

VANCOUVER, BC / ACCESSWIRE / June 18, 2015 / CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT”) is pleased to report that it intends to undertake a non-brokered private placement to raise approximately $2.0 million through the issuance of units at a price of $0.25 per unit. Each unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will be exercisable at a price of $0.30 per warrant share for a period of two years. Proceeds will be used for acquisition of schools, to increase CIBT’s ownership stake in its education real estate projects and for general working capital purposes.

“For the past two decades, management has been prudent and sensible in its management style,” commented Toby Chu, President, CEO and Vice Chairman of CIBT Education Group. “During the peak of the economic boom in 2007, our shares were trading at a substantial premium. As a result of this, CIBT raised over $20 million dollars of expansion capital. We managed our money carefully when the world economy entered into the years of global financial crisis beginning in 2008. We deployed our capital wisely and acquired a large portfolio of education assets at discounted value. Such undervalued transactions included the purchase of Sprott Shaw College, a school with $32.6 million revenue, for $11 million and Acsenda School of Management for $1.0 million, for a total purchase price of $12 million. We also purchased King George International College, a language school with $16.2 million revenue, for $4.3 million. By leveraging our global recruitment channels we expanded our student body to nearly 13,000 students and gross revenue ballooned from $5 million to nearly $59 million in 4 years.

“When the financial crisis entered into its recovery phase in 2013, CIBT sold King George International College for $13.5 million after 3 short years of investment and generated gross profit of $9.2 million. Cash proceeds were used to acquire a number of Vancouver real estate properties when property prices were much lower than today’s hot market. We expanded our education real estate portfolio to nearly $100 million within 18 months. Rising real estate prices in Vancouver have resulted in the value of our real estate portfolio increasing by approximately $15 million in 1.5 years. Despite this, management recognizes that CIBT’s shares have underperformed. To address this issue, we are taking several steps to remedy the situation. Management continues to identify business opportunities, and this private placement will, in part, provide funds to enable CIBT to pursue deals on which terms can be successfully negotiated.”

CIBT also reports that it has suspended its normal course issuer bid.

About CIBT Education Group:

CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S on the OTCQX International, CIBT owns and operates a network of business, technical and language colleges in North America and Asia. CIBT offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 7,000 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and Global Education Alliance Recruitment Centers in China and other overseas countries. Through these subsidiaries, CIBT offers Western and Chinese accredited business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance (“GEA”) and Global Education City Holdings Inc. (“GEC”). GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net.

For more information contact:

Toby Chu
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact:1-604-871-9909 extension 318 or | Email: info@cibt.net

FORWARD-LOOKING STATEMENTS:

Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Education Group Inc. and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors (collectively, the “Risks”) that could cause CIBT’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. With respect to the completion of the private placement being undertaken in the announced amount or at all, the Risks include, without limitation, CIBT’s ability to raise subscriptions from potential investors and the receipt of TSX approval. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT’s management at the time they are made, and CIBT does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.

SOURCE: CIBT Education Group Inc.

ReleaseID: 429939