BALA CYNWYD, PA / ACCESSWIRE / May 25, 2016 / Law Office of Brodsky & Smith, LLC announces an investigation of Brixmor Property Group, Inc. (“Brixmor” or the “Company”) (NYSE: BRX) for potential violations of federal securities laws and breaches of the Brixmor Board’s fiduciary duties.

Click here to learn more http://brodsky-smith.com/1079-brx-brixmor-property-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Southern District of New York. The complaint alleges that the Defendants made false and misleading statements including failing to disclose: (1) that the Company purposefully misrepresented Brixmor’s financial results by manipulating income items for nine quarters; and (2) that the Company lacked adequate internal and financial controls. On February 8, 2016, Brixmor announced that its CEO, President, CFO, Chief Accounting Officer, and an accounting employee had resigned. Further, Brixmor announced that an Audit Committee review had determined that specific Company accounting and reporting personnel, in certain instances, were smoothing income items in an effort to achieve consistent quarterly same property net operating income growth.

If you purchased shares of Brixmor between October 27, 2014 and February 5, 2016, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC before May 31, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/1079-brx-brixmor-property-group-inc.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 440417

BALA CYNWYD, PA / ACCESSWIRE / May 25, 2016 / Law Office of Brodsky & Smith, LLC announces an investigation of Platform Specialty Products Corporation (“Platform” or the “Company”) (NYSE: PAH) for potential violations of federal securities laws and breaches of the Platform Board’s fiduciary duties.

Click here to learn more http://brodsky-smith.com/1080-pah-platform-specialty-products-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.

The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Southern District of Florida. On February 17, 2015, Platform completed its acquisition of Arysta LifeScience Limited (“Arysta”). The complaint alleges that the Defendants made false and misleading statements including failing to disclose: (1) that Arysta made improper third-party payments in West Africa; (2) such payments were unlawful under the U.S. Foreign Corrupt Practices Act; an (3) as a result, Platforms’ public statements were materially false and misleading at all relevant times.

If you purchased shares of Platform between February 17, 2015 and March 14, 2016, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC before June 1, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com. by visiting http://brodsky-smith.com/1080-pah-platform-specialty-products-corporation.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 440419

-1Q16 Adjusted EBITDA up 16.9% YoY
– Adjusted EBITDA margin increased +149 bps YoY with contributions from all countries driven by successful execution of efficiency plan and new commercial strategies
– Net debt to Adjusted EBITDA falls to 2.86 times, excluding non-recurring items
– Cencosud’s BBB- Investment Grade Rating with Stable Outlook reaffirmed by Fitch Ratings

SANTIAGO, CHILE / ACCESSWIRE / May 25, 2016 / Cencosud S.A. (BCS: CENCOSUD; NYSE: CNCO), a leading South American retailer with operations in Chile, Argentina, Brazil, Peru and Colombia, today announced its consolidated financial results for the first quarter 2016. All figures are in Chilean pesos (CLP), except where indicated otherwise, and in accordance with IFRS. Variations refer to the comparison between 1Q16 and 1Q15.

• Businesses remain resilient with sales and Same Store Sales (“SSS”) growth in local currency across all regions, except Brazil. Nevertheless, revenues in CLP decreased 6.4% due to the depreciation of the Argentine Peso (31.9%), Colombian Peso (14.3%) and Brazilian Real (18.1%).
• Adjusted EBITDA margin improved across all countries reaching 7.5% in 1Q16 (+149 bps YoY). Adjusted EBITDA grew 16.9% in the period, offsetting currency devaluations.
• Net Profit increased almost 5 times, reaching CLP 109,029 million due to improved performance at the operation, the positive impact of the exchange rate over dollar denominated debt and revaluation of investment properties.
• Net Financial Debt/Adjusted EBITDA decreased 56 bps vs. 1Q15 reaching 3.27x. Excluding all non-recurring items for the last twelve months period, ratio would reach 2.86x.

Please visit www.cencosud.com/inversionistas.htm to obtain the full first quarter earnings release, including financial results and tables.

Management Comment

Our results for the first quarter of 2016 demonstrate our ability to improve profitability in challenging market environments and maintain our position as a market leader in South American retail. We delivered strong year-over-year Adjusted EBITDA growth, even in areas of operation where economic conditions have significantly deteriorated and consumer spending has weakened since the same quarter a year ago. We were able to achieve this maintaining a strong financial discipline and executing on our business strategy to improve SG&A savings while focusing on driving store traffic. As a result, we grew our Adjusted EBITDA by double digits, generated SSS growth in local currency across the board, and further reduced our expense base. As a result of efficient capital and financial management we have reduced our Net Debt / Adj. EBITDA ratio, excluding one-off items, to 2.86 times.

We are very pleased with the start we’ve had to 2016, and remain confident in our ability to execute on our strategy to drive profitability, even in the face of uncertain economic markets in major areas of operation. Cencosud is well positioned to benefit from even a modest upturn in economic activity and consumer spending in the region.

Conference Call

The Company will host a conference call to discuss these results on Thursday, May 26th, 2016 at 11:30 AM Chilean time/ 11:30 am EST. To participate on the day of the call, dial 1- 800-901-1255 or 1-785-424-1081 approximately ten minutes before the call and tell the operator you wish to join the Cencosud Conference Call. A webcast of the conference call will be available online at http://investors.cencosud.com/English/investor-overview/financials/quarterly-reports/default.aspx.

About Cencosud S.A.

Cencosud is a leading multi-brand retailer in South America, headquartered in Chile and with operations in Chile, Brazil, Argentina, Peru and Colombia. The company, founded by Chairman Horst Paulmann, operates in supermarkets, home improvement stores, shopping centers and department stores, always aiming to deliver the right product at the right price to Latin America’s growing middle class. In 2012, the company listed American Depositary Receipts on the New York Stock Exchange.

Forward-Looking Statements:

In addition to historical information, this release contains “forward-looking statements” that reflect management’s expectations for the future. The forward-looking statements included herein represent Cencosud’s views as of the date of this release. A variety of important factors could cause results to differ materially from such statements. These factors are laid out in Cencosud’s filings with the SVS in Chile and the SEC in the United States. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.

Investor Relations

Maria Soledad Fernandez
Phone +5622959 0545
Mariasoledad.fernandez@cencosud.cl

Natalia Nacif
Phone +5622959 0368
natalia.nacif@cencosud.cl

Valentina Klein
Phone +5622200 4395
valentina.klein@cencosud.cl

SOURCE: Cencosud S.A.

ReleaseID: 440407

LOS ANGELES, CA / ACCESSWIRE / May 25, 2016 / Lundin Law PC announces a class action lawsuit has been filed against DeVry Education Group, Inc. (“DeVry” or the “Company”) (NYSE: DV) concerning possible violations of federal securities laws between February 4, 2011 and January 27, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the July 12, 2016, lead plaintiff motion deadline.

To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent 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.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlaw.com

SOURCE: Lundin Law PC

ReleaseID: 440416

MONTREAL, QC / ACCESSWIRE / May 25, 2016 / IOU FINANCIAL INC. (TSXV: IOU) (“IOU” or “the Company”), a leading online lender to small businesses, announced today its results for the first quarter ended March 31, 2016.

“IOU continues to lead at the forefront of the fintech revolution taking hold in North America. The first quarter of 2016 saw strong loan applications, but lower loan volumes, due to a strategic emphasis on seeking higher loan quality. Our intention is to continue to pursue sustainable, high quality growth opportunities to achieve favourable risk adjusted returns for our shareholders. We believe that the strength of IOU’s model will continue to distinguish us in the marketplace,” said Phil Marleau, CEO.

FINANCIAL HIGHLIGHTS

• Although loan applications rose significantly year over year, loan volumes decreased during the quarter primarily as a result of a strategy aimed at maintaining the quality of IOU’s loans. Loan originations in the first quarter period ended March 31, 2016 were US$25.4 million versus originations of US$31.2 million for the same period last year.
• As of March 31, 2016, IOU’s total loans under management amounted to approximately $79.8 million as compared to $70.2 million at the end of the first quarter 2015, representing an increase of 14% over the previous year. On March 31, 2016, the principal balance of the loan portfolio amounted to $25.5 million compared to $19.9 million at the end of the first quarter of 2015 while the principal balance of IOU’s servicing portfolio (loans being serviced on behalf of a third-parties) amounted to approximately $54.3 million compared to $50.4 million in 2015.
• IOU recorded gross revenue for the quarter ended March 31, 2016 of $3.3 million versus $2.6 million for the quarter ended March 31, 2015, representing a 26% increase as a result of the increase in the loan portfolio.
• IOU recorded net revenue for the quarter ended March 31, 2016 of $1.9 million versus $2.0 million for the quarter ended March 31, 2015. The decrease relates to an increase in interest paid as a result of the convertible unsecured subordinated debentures which closed in November 2015 and an increase in the provision for loan losses.
• IOU closed its first quarter 2016 with a net loss attributable to common shareholders of $1,308,229, or $0.02 per share, compared to a net loss of $214,997 or $0.00 per share during the same period of 2015.
• IOU closed its first quarter 2016 with an adjusted loss of $473,480, which excludes certain non-cash and non-recurring items, compared to an adjusted loss of $261,158 in the first quarter of 2015.

IOU’s financial statements and management discussion & analysis for the quarter ended March 31, 2016 have been filed on SEDAR and are available at www.sedar.com.

About IOU Financial Inc.

IOU Financial provides small businesses throughout the U.S. access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. In a unique approach to lending, IOU Financial’s advanced, automated application and approval system accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends. It makes loans of up to $150,000 to qualified applicants within a few business days, with affordable charges favourable to cash-flow management. IOU Financial’s speed and transparency make it a trusted alternative to banks. To learn more visit: www.ioufinancial.com.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of IOU including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. IOU does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Philippe Marleau
Chief Executive Officer
(514) 789-0694 ext. 225

David Kennedy
Chief Financial Officer
(514) 789-0694 ext. 278

SOURCE: IOU Financial Inc.

ReleaseID: 440415

TORONTO, ON / ACCESSWIRE / May 25, 2016 / Morgan Resources Corp. (TSXV: MOR) (the “Company” or “Morgan Resources”) announces the TSXV has advised the Company that as it has been unable to satisfy the Continued Listing Requirements in accordance with TSXV Policy 2.5 – Continued Listing Requirements, to maintain its listing as a Tier 2 Issuer. As a result, effective May 26, 2016, the Company’s listing will transfer to the NEX, the Company’s Tier classification will change from Tier 2 to NEX and the filing and service office will change from Toronto to NEX.

The trading symbol of the Company will change from MOR to MOR.H. There is no change in the Company’s name, no change in its CUSIP number and no consolidation of capital.

Also effective October 31, 2014, the Board of Directors adopted By-Law No. 2 (a by-law relating to the nomination of directors) (the “Advance Notice By-Law”), a copy of which is attached to the Management Information Circular as Appendix B which was filed on SEDAR on November 7, 2014. At the meeting of the shareholders of Morgan Resources held on December 4, 2014, the Advance Notice By-Law was ratified and approved by the shareholders.

The Company has set a date of June 22nd, 2016 for its AGM. At the upcoming AGM, a resolution will be presented to allow the Directors of the Company to undertake a consolidation of the Company’s shares of up to 10:1 (the “Consolidation”). The Company currently has 37,426,936 common shares issued and outstanding. Subject to shareholder approval and TSXV acceptance, the Company would have approximately 3,742,693 common shares issued and outstanding if the Consolidation proceeded at 10:1. The Board believes that such Consolidation, if implemented, will reduce the outstanding share amount to a level more in keeping with the Company’s industry peers, enhance the marketability of the Company’s common shares as an investment and facilitate additional financings, if necessary, to fund operations in the future.

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.

For further information please contact:

Chris Carmichael, Chief Financial Officer
647 225-4337

SOURCE: Morgan Resources Corp.

ReleaseID: 440414

VANCOUVER, BC / ACCESSWIRE / May 25, 2016 / Seahawk Ventures Inc. (CSE: SHV) (“Seahawk“) is pleased to announce that it has entered into an agreement with Metallis Resources Inc. (“Metallis“) to acquire a 100% undivided interest in nine mineral claims known as the Mackenzie Mountains Iron-Copper Property (the “Mackenzie Property“) located in the Mackenzie Mining District, Northwest Territories, Canada (the “Property Purchase Agreement“).

The Property Purchase Agreement

The Property Purchase Agreement provides that Seahawk will acquire a 100% interest in the Mackenzie Property in consideration for payment to Metallis of an aggregate of $31,651.57 (of which $5,000 is non-refundable), and issuing total of 75,000 common shares of Seahawk to Metallis.

Metallis retains a 2% net smelter returns royalty on the Mackenzie Property (the “Royalty Interest“). Under the terms of the Property Purchase Agreement, Seahawk may elect to purchase all or a part of the Royalty Interest for a purchase price of $500,000 for each one-half of one percent of the Royalty Interest up to an aggregate purchase price of $2,000,000.

The Property Purchase Agreement is subject to receipt of applicable stock exchange approvals by the parties.

The Mackenzie Property

The Mackenzie Property is an early stage iron-copper property situated 190 kilometers west of the town of Norman Wells on the Mackenzie River. The property comprises nine mineral claims that collectively cover 5,076.49 hectares of Crown land in the Northwest Territories of Canada.

A updated technical report is being prepared with respect to the Mackenzie Property (the “Technical Report“), which will include among other things an updated work program with respect to the property. Information from the Technical Report will be included in the Listing Statement which Seahawk will file in respect of this transaction, and a copy of the Technical Report will be filed concurrently with the filing of the Listing Statement. A further news release will be issued when this occurs.

ON BEHALF OF THE BOARD,

Giovanni Gasbarro
President and CEO

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

For further information, please contact:

Giovanni Gasbarro
(604) 939-1848
giogas2@gmail.com

SOURCE: Seahawk Ventures Inc.

ReleaseID: 440413

NEW YORK, NY / ACCESSWIRE / May 25, 2016 / Levi & Korsinsky announces it has commenced an investigation of NeuLion, Inc. (OTC MKTS: NEUL) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to:

http://zlk.9nl.com/neulion-neul

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 440408

TAMPA, FL / ACCESSWIRE / May 25, 2016 / LM Funding America, Inc. (NASDAQ: LMFA) (NASDAQ: LMFAW), a specialty finance company offering unique funding solutions to community associations, has been invited to present at the 6th Annual LD Micro Invitational investor conference. The conference is being held on June 7-9, 2016 at the Luxe Sunset Bel Air Hotel.

LM Funding CEO Bruce Rodgers, and CFO Steve Weclew, will present on Wednesday, June 8 at 11:30 a.m. Pacific time, with one-on-one meetings held throughout the conference. The event is expected to host over 195 small and micro-cap growth companies and approximately 2,000 attendees.

LM Funding provides condominium and homeowner associations (COAs and HOAs) funding solutions to cover delinquent association dues. Management will discuss their recent operational development and financial results.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com for more information.

View LM Funding America’s profile here: http://www.ldmicro.com/profile/LMFA

Profiles powered by LD Micro – News Compliments of Accesswire

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

About LM Funding America

LM Funding America, Inc., together with its subsidiaries, is a specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado and Illinois. The company offers funding to Associations by purchasing a certain portion of the Associations’ rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It is also involved in the business of purchasing delinquent accounts on various terms tailored to suit each Association’s financial needs, including under its New Neighbor Guaranty™ program. The company was founded in 2008 and is based in Tampa, Florida. The company’s common shares and warrants trade on the NASDAQ Capital Market under the symbols “LMFA” and “LMFAW”.

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company’s business, financial condition, and results of operations.

Company Contact:

Bruce Rodgers
Chairman and CEO
LM Funding America, Inc.
Tel (813) 222-8996
investors@lmfunding.com

Investor Relations Contact:

Michael Koehler
Liolios Group, Inc.
Tel (949) 574-3860
LMFA@liolios.com

SOURCE: LM Funding America, Inc. via LD Micro

ReleaseID: 440395