Monthly Archives: May 2016

Roughrider Acquires New Claims at Genesis; Withdraws Private Placement

VANCOUVER, BC / ACCESSWIRE / May 27, 2016 / Roughrider Exploration Limited (TSX-V: REL) (“Roughrider”) – is pleased to announce, subject to TSX exchange approval, the acquisition of Saskatchewan Mineral Dispositions MC2080, MC2081 and MC2082. These claims are located northeast of the Athabasca basin and together cover 232 hectares within the boundary of the Genesis project in the Johnson-GAP area. The claims are being purchased from an arm’s length party in exchange for the issuance of 75,000 common shares of Roughrider, and the creation of a 2% NSR on production from the area covered by the licences. The NSR may be reduced to 1% by the payment of $500,000 within six months of publishing a feasibility study incorporating the area covered by the licences. The shares issued for this acquisition will be subject to a four month hold period expiring September 30th, 2016.

Scott Gibson, CEO explains, “We are pleased to be acquiring these claims as they fill in obvious small voids within our Genesis property. Consolidating ownership of a district makes it easier to advance a project when a discovery is made.”

Dave Tupper, VP Exploration adds, “the airborne geophysics that we have flown indicate some overlapping anomalies that we may choose to follow up in future exploration programs.”

Roughrider also reports that it has withdrawn the non-brokered private placement announced April 7, 2016.

About Roughrider Exploration Limited

Roughrider’s focus is exploring the Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan’s Athabasca Basin. The acquisition of the recently acquired claims expands the total are of the Genesis property from 200,677 hectares to 200,909 hectares (496,456 acres). Roughrider has the option to earn an 85% interest in Genesis from Kivalliq Energy Corporation.

For further information, please contact:

Scott Gibson
Chief Executive Officer
604 697‐0028

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or
operating performance, constitutes “forward-looking statements.” All statements, other than statements of historical fact, are to be considered forward-looking statements.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the company, are inherently
subject to significant business, economic, geological and competitive uncertainties and contingencies. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

UNITED STATES ADVISORY

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), have been offered and
sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

SOURCE: Roughrider Exploration Limited

ReleaseID: 440512

Bio-Pave Products President Speaks At The Annual Maintenance Superintendents Association Symposium

Dennis Helmer, 40 Year Veteran Of The Paving Industry, Conducted A Workshop At
The Maintenance Superintendents Association (MSA) On Asphalt Pavement Preservation

Bio-Pave Products President Speaks At The Annual Maintenance Superintendents Association Symposium

Angwin, USA – May 27, 2016 /MarketersMedia/

While many different methods and applications of asphalt pavement preservation exist, Dennis Helmer teaches about the most practical and effective solutions, and when and how they should be applied. With over 40 years in the paving industry, Dennis has seen or used many paving products and methodologies.

Helmer was invited to present at the Symposium this year and was honored to oblige, especially since this year MSA is celebrating their 50th Anniversary, which made it a special occasion for them both. While Helmer shared about the various methods and products, he also presented scientific facts, figures and findings commonly unknown to maintenance and paving workers. Generally municipalities stick with whatever they’ve been using for years as long as it “works”. However, in recent years, HOA’s, businesses, as well as municipalities have been more open to new products as the industry produces new technology that’s proving to be more effective.

At the end of Helmer’s presentation, attendees were given information on his company and their flagship product called RePlay® to take with them. RePlay® is a bio-based cold application asphalt binder preservation product that sprays on and sets up in 15-30 minutes, penetrating .75-1.25 inches into the matrix of the asphalt, treating the binder by softening and adding SBS, SBBS and a host of other polymers. RePlay® lends unique benefits to newer and older pavements alike.

Bio-Pave also had a booth at the symposium. Their banners listed a dozen benefits of the RePlay® product, which included:

– Sets In 15-30 Minutes
– Preserves Existing Striping
– Penetrates 0.75-1.25 Inches Deep
– Prevents & Reverses Oxidation
– Reduces Moisture Penetration
– Saves Your Budget
– Reduces Greenhouse Gas Emissions
– Made From 88% Bio-Based Materials
– Uses Agricultural Material Which Consumes CO2
– Doesn’t Produce CO2 During Manufacturing
– Provides A Negative Carbon Footprint
– Exceeds AB 32 Standards (helps to meet mandates of the Climate Action Plan)

Though RePlay® is their flagship product, Bio-Pave Product carry many other paving products which include Asphalt & Tar Remover, RePlay® Cleaner, Asphalt Joint Compound/Sealer, Heavy Duty Concrete Truck Cleaner, Concrete Seal, Mechanical Parts Washer, Neutral Cleaner Concentrate, and a Graffiti Remover.

To learn more about RePlay® and other bio based products for sealing, rejuvenating and cleaning of various surface types, please visit Bio-PaveProducts.com

For more information about us, please visit http://Bio-PaveProducts.com

Contact Info:
Name: Dennis Helmer
Email: Dennis@Bio-PaveProducts.com
Organization: Bio-Pave Products, LLC
Address: 910 Howell Mtn. Rd. N.
Phone: 707-286-4390

Video URL: https://youtu.be/IVrPgpfXG18

Source: http://marketersmedia.com/bio-pave-products-president-speaks-at-the-annual-maintenance-superintendents-association-symposium/117071

Release ID: 117071

Ionox Tire Gauge Designed to Appeal to Vehicle Owners and Operators

May 15, 2016 – – Customers looking for an exceptional tire gauge are now able to purchase the Ionox tire gauge from Amazon. Small and affordable, the product goes a long way in helping drivers accurately read tire pressure, prolong the life of tires, and be safe and fuel-friendly.

The Ionox tire gauge is designed to appeal specifically to vehicle owners and includes:

Professional quality with a 100% satisfaction guarantee: Constructed with a heavy-duty die cast metal case for durability and protection. Customers who are not 100% satisfied receive a replacement or full refund with exclusive lifetime warranty. A guarantee is included with the product because Ionox values its customers and the unrivaled performance of its products.

Gas mileage improvements: The gauge provides instant and easy-to-read measurements, from four pressure scales. Proper and accurate tire inflation will help save gas and help extend the life of a vehicle’s tires.

Day or nighttime use: The blue LED-lit nozzle and backlit display screen is designed for easy visibility in low light or at night. The Ionox tire gauge comes with batteries included, so it’s ready to use. The gauge will turn off automatically after 30 seconds, prolonging the battery life.

A whopping 83% of customers gave the tire gauge a five-star review on retail site Amazon.com, with customers reporting satisfaction with the gauge’s ease-of-use, high quality materials and backlit displays.

Those interested in purchasing can go directly to the product listing, here: http://www.amazon.com/tire-gauge/dp/b00zur5jek/

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Contact Ionox:

Chloe Joy
303-721-8520
chloe@ionox.com
4950 S Yosemite St F2-157
Greenwood Village, CO 80111

ReleaseID: 60010003

Peak Files 2016 First Quarter Results and Operating Highlights

MONTREAL, QC / ACCESSWIRE / May 27, 2016 / Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) (“Peak” or the “Company”) today announced its financial results and reviewed highlights for the first quarter ended March 31, 2016.

Financial Results Summary:

  • $40,000 advance received on total $4M strategic investment partnership agreement
  • Elimination of $38,200 of debt through the issuance of shares
  • Exercise of warrants totalling $18,585
  • Net loss of $309,144

Operating Results Summary:

  • Extension and term re-negotiation of debentures totalling $816,000
  • Introduction of Mr. Jiang Wang and Shanghai based Zhonghai Wanyue Group conglomerate to Company stakeholders
  • Re-branding and revamping of Company’s website to reflect pending Chinese partnership
  • Establishment of Hong Kong based holding subsidiary Asia Synergy Limited

About First Quarter Financial Results Summary:

As the Company ceased its web development and IT consulting activities in 2015, it generated no revenues for the quarter ended March 31, 2016 compared to $20,120 in 2015. Expenses for the quarter amounted to $309,144, compared to $235,905 in 2015. The increase in expenses is mainly due to consulting fees, management fees and public relations fees while there was a reduction in professional fees and in asset amortization.

The net loss for the three month period ending March 31, 2015 was $309,144 compared to $215,785 for the same period of 2015.

Full details of the Company’s 2016 financial results can be found in the Interim Unaudited Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the three-month periods ended March 31, 2016 and 2015, which are available at www.sedar.com.

Debenture Conversion and Grant of Stock Options

On May 3, 2016, the Company issued 206,240 shares at a price of $0.05 per share for a total consideration of $10,312 as a result of the exercise of the conversion feature of a debenture holder, bringing the total amount outstanding of that convertible debenture from $538,600 to $528,288. On May 26, 2016, the Company issued 150,000 options to purchase common shares of the Company at a price of $0.05 per share as part of the compensation package to a consultant hired by the Company to assist the Company in setting up and managing the financial reporting of its upcoming Chinese operations.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world’s fastest growing economy. For more information: http://www.peakpositioning.com.

Contact information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408
Email: carldesjardins@paradox-pr.ca

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com

SOURCE: Peak Positioning Technologies Inc

ReleaseID: 440513

Icon Group Announces New Stony Ridge Development in Grayslake Community

Chicago area builder announces 39 new home sites – “Stony Ridge” – in the Grayslake Community

Icon Group Announces New Stony Ridge Development in Grayslake Community

CHICAGO, USA – May 27, 2016 /MarketersMedia/

The Icon Building Group today announced 39 new home sites called “Stony Ridge,” in the Grayslake Community. Stony Ridge has lake views and offers the best of nature to owners and their families. Stony Ridge is served by Lake Michigan water and boasts top schools including Grayslake North High School, Frederick Middle School and Avon Elementary.

Along with the benefit of great schools, the village has an enviable combination of historic charm, family activities, low crime, and excellent access to major roads and highways. Stony Ridge homes neighbor the scenic wetlands of Fourth Lake in the Village of Grayslake, IL, which is located in the Chicago metro area, about 40 miles north of Chicago’s downtown and 14 miles west of Lake Michigan. Stony Ridge provides access to Chicago O’Hare and Milwaukee Mitchell Field.

According to CEO Charlie Murphy, “To begin the Stony Ridge home buying process, one of our Icon Building Group design experts, project managers and/or an architects will discuss your vision for a new residence. The aim of this initial meeting will be to determine your specific home needs and to understand your home style and preferred flow, within the parameters of your budget.”

Stony Ridge lots are available from 20,000 to 40,000 square feet and investments in Stony Ridge Homes begin at $369,000.

Icon Building Group has the premier reputation for building highly-desirable developments including: Wimbledon Estates, Hawthorne Trails, Lincolnshire Forest, Brighten Oakes Estates’ Newberry Lane Townhomes, Woodleaf at the Sanctuary Club, Turfway Meadows and now, the Stony Ridge Homes.

Icon Building Group is approved to offer a 10-year limited warranty through Professional Warranty Service Corporation (PWC) for qualified new homes and qualified, major renovation projects. Based on an extensive screening process of technical knowledge, craftsmanship, and financial stability, the PWC limited warranty is offered and backed by Zurich Insurance Group.

Icon Building Group is also a “Proud Builder of The St. Jude Dream Home.”

For more information go to http://www.icon-group.com/communities/stony-ridge and http://www.icon-group.com/

###

END

For more information about us, please visit http://www.icon-group.com/

Contact Info:
Name: Charlie Murphy
Email: charliem@icon-group.com
Organization: Icon Group
Phone: (847) 796-6477

Source: http://marketersmedia.com/icon-group-announces-new-stony-ridge-development-in-grayslake-community/117042

Release ID: 117042

JUNE 20 DEADLINE: Khang & Khang LLP Announces The Filing Of A Securities Class Action Lawsuit Against Alere Inc. And Encourages Investors With Losses To Contact The Firm

IRVINE, CA / ACCESSWIRE / May 27, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Alere Inc. (“Alere” or the “Company”) (NYSE: ALR). Investors who purchased or otherwise acquired shares between May 9, 2013 and April 20, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the June 20, 2016, lead plaintiff motion deadline.

If you purchased shares of Alere during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company failed to disclose that: (1) Alere improperly recognized and reported revenue in violation of Generally Accepted Accounting Principles; (2) Alere’s quarterly and annual SEC filings would thus be delayed; and (3) therefore, Alere’s planned merger with Abbott Laboratories would be thrown into doubt.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 440510

FINAL NOTICE: Khang & Khang LLP Announces The Filing Of A Securities Class Action Lawsuit Against DeVry Education Group, Inc. And Reminds Investors With Losses To Contact The Firm

IRVINE, CA / ACCESSWIRE / May 27, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against DeVry Education Group, Inc. (“DeVry” or the “Company”) (NYSE: DV). Investors who purchased or otherwise acquired shares between February 4, 2011 and January 27, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the July 12, 2016,
lead plaintiff motion deadline.

If you purchased shares of DeVry during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company failed to disclose that: (1) the Company was involved in a prolonged deceptive advertising campaign; and (2) DeVry exaggerated its students’ ability to secure jobs after graduation.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 440509

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PayPal Holdings Inc. – PYPL

NEW YORK, NY / ACCESSWIRE / May 27, 2016 / Pomerantz LLP is investigating claims on behalf of investors of PayPal Holdings Inc. (“PayPal” or the “Company”) (NASDAQ: PYPL). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether PayPal and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On April 28, 2016, post-market, PayPal disclosed receipt of a civil investigative demand on March 28, 2016 from the Federal Trade Commission, seeking documents related to the Company’s Venmo peer-to-peer payment service in connection with potential unfair trade practices.

On this news, PayPal stock has fallen $0.22, or 0.55%, in after-hours trading on April 28, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 440506

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sunrun Inc. of Class Action Lawsuit and Upcoming Deadline – RUN

NEW YORK, NY / ACCESSWIRE / May 27, 2016 / Pomerantz LLP announces that a class action lawsuit has been filed against Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ: RUN) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 16-cv-02480, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Sunrun securities pursuant or traceable to the Company’s Registration Statement and its Prospectus issued in connection with the Company’s Initial Public Offering (the “Offering” or “IPO”), which commenced on or about August 5, 2015. 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 “Exchange Act”) and the Securities Act of 1933 (the “1933 Act”).

If you are a shareholder who purchased Sunrun securities pursuant to the Company’s IPO, you have until July 5, 2016 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. Click here to join this action.

Sunrun is a provider of residential solar electricity and purports to operate the “second largest fleet of residential solar energy systems” in the United States.

On or about March 27, 2015, Sunrun filed with the SEC its registration statement on Form S-l (Registration No. 333- 205217), which was amended and later declared effective by the SEC (the “Registration Statement”). Meanwhile, lawmakers in the Nevada Legislature rejected a call by rooftop solar companies, including Sunrun, to increase the cap on the number of consumers who can participate in net metering solar programs from 3% to a higher level. On August 5, 2015, Sunrun sold 17.9 million shares at $14.00 per share as part of its IPO.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about Sunrun’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (a) Sunrun’s actual historical operating costs were being understated by not identifying and disclosing the fixed grid costs being borne for it by public utilities where net metering programs were being employed; (b) Sunrun had been charging well above wholesale rates for the electricity it was selling to its net metering customers; (c) contrary to having listed customers dispersed across 15 states and the District of Columbia in its Registration Statement, Sunrun had a substantial 20% customer concentration in Nevada alone; (d) Sunrun’s ability to continue to convince customers to sign 20-year contracts – which lowers the fixed costs for installing solar systems on those customers’ houses – was in jeopardy due to the ongoing regulatory review of net metering programs in 20 of the 40 states that then permitted net metering; (e) because Sunrun was employing an unreasonably low discount rate of 6% in calculating the value of its retained assets, it was overstating their value; and (f) as a result of the foregoing, at the time of the IPO, the Company’s business and financial prospects were not what defendants had led the market to believe they were in the Registration Statement.

In the eight months since the IPO, as the market learned that Sunrun relied on complex debt arrangements to fund its growth and could not sustain the revenues the Company forecast leading up to the IPO, Sunrun stock fell as low as $4.86 per share, and closed at $7.50 per share on May 6, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 440505

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Intrexon Corporation of Class Action Lawsuit and Upcoming Deadline – XON

NEW YORK, NY / ACCESSWIRE / May 27, 2016 / Pomerantz LLP announces that a class action lawsuit has been filed against Intrexon Corporation (“Intrexon” or the “Company”) (NYSE: XON) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 16-cv-02457, is on behalf of a class consisting of all persons or entities who purchased Intrexon securities between May 12, 2015 and April 20, 2016 inclusive (the “Class Period”). 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 “Exchange Act”).

If you are a shareholder who purchased Intrexon securities during the Class Period, you have until July 5, 2016 to seek appointment as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. Click here to join this action.

Intrexon operates in the field of synthetic biology in the United States.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Intrexon was overstating its revenue; and (ii) as a result, Defendants’ statements about Intrexon’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On April 21, 2016, analyst firm Spotlight Research issued a report about Intrexon asserting, among other things, that the Company’s revenues are overstated by 50% through transactions with related parties.

On this news, share of Intrexon fell $9.73 per share or approximately 26% from its previous closing price to close at $27.10 per share on April 21, 2016, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 440504