BALA CYNWYD, PA / ACCESSWIRE / May 24, 2016 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Resource America, Inc. (“Resource America” or “the Company”) (Nasdaq: REXI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to C-III Capital Partners, LLC. (“C-III Capital”).

Click here to learn more about the investigation http://brodsky-smith.com/1078-rexi-resource-america-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Resource America shareholders will receive only $9.78 in cash for each share of Resource America stock they own. The investigation concerns whether the Board of Resource America breached their fiduciary duties to shareholders and whether C-III Capital is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many Resource America shareholders. For example, Resource America stock traded at $9.39 per share on February 25, 2015 and an analyst has set a price target for Resource America stock at $11.00 per share.

If you own shares of Resource America stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1078-rexi-resource-america-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 have 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: 440372

VANCOUVER, BC / ACCESSWIRE / May 24, 2016 / Fjordland Exploration Inc. (TSXV: FEX) has executed an Option to Purchase Agreement (“Agreement”) with CanAlaska Uranium Ltd. (“CanAlaska”) whereby Fjordland has the option to purchase a 100% interest in two claim groups recently staked by CanAlaska in the Northwestern Athabasca Basin, Saskatchewan. See map at http://www.fjordlandex.com/galleries/westa1.html

Under the terms of the Agreement and subject to TSX Venture Exchange approval, Fjordland has optioned two claim groups comprising 449 hectares and 2045 hectares respectively. These claims cover anomalous magnetic response targets identified for the 2011 Saskatchewan Government airborne magnetics survey. Claim MC00004307 has two prominent magnetic targets. Claim MC00004306 has seven prominent targets.

Consideration is a cash payment of $50,000 of which $5,000 was paid on execution of the Agreement and the balance is payable on the anniversary date of the Agreement. Fjordland will issue to CanAlaska 4 million shares on TSX-V approval. CanAlaska reserves a 4% Gross Overriding Royalty (“GOR”) for diamonds and a 2% Net Smelter Returns Royalty (“NSR”) for other minerals. Fjordland has the right to purchase up to a 2% GOR for $500,000 for each 0.5% GOR thereby reducing CanAlaska’s GOR to 2% Aggregate work commitments are $100,000 by December 31, 2017; not less than 40% of expenditures shall qualify as allowable assessment work.

Richard Atkinson, P.Eng., President, comments, “The acquisition of these two claim groups advances Fjordland’s exploration phase in this emerging exploration project which seeks to identify diamondiferous kimberlites.” (Refer to Fjordland’s news releases dated March 16, 2016 and May 19, 2016 and to CanAlaska’s news release dated May 18, 2016).

http://www.fjordlandex.com/news/NR16-01.pdf, http://www.fjordlandex.com/news/nr16-02.pdf

http://www.canalaska.com/s/News.asp?ReportID=749539

Victor Tanaka, P. Geo., A Director of Fjordland is a non-independent qualified person within the context of National Instrument 43- 101, has reviewed the content of this news release.

About Fjordland Exploration Inc.

Fjordland Exploration Inc. is a mineral exploration company, with other assets but currently focused on diamond exploration. For further information visit Fjordland’s website at www.fjordlandex.com

On behalf of the Board of Directors,

“Richard C. Atkinson”
Richard C. Atkinson, P.Eng.
President & CEO

We seek safe harbour.

For further information, please call:

FJORDLAND EXPLORATION INC.

Richard C. Atkinson, President and CEO
1-604-805-3232
info@fjordlandex.com
www.fjordlandex.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

SOURCE: Fjordland Exploration Inc.

ReleaseID: 440373

IRVINE, CA / ACCESSWIRE / May 24, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Sunrun Inc. (“Sunrun” or the “Company”) (Nasdaq: RUN). Investors who purchased or otherwise acquired shares traceable to the Company’s Initial Public Offering (the “IPO”) on August 5, 2015, have until July 5, 2016, to move as lead plaintiff.

If you purchased shares of Sunrun 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) 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; and (2) Sunrun had been charging well above wholesale rates for the electricity it was selling to its net metering customers.

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: 440370

ATLANTA, GA / ACCESSWIRE / May 24, 2016 / Paragon Technologies, Inc. (OTC: PGNT) would like to make shareholders aware of the extreme financial expense that the Rubicon Technology (NASDAQ: RBCN) Board of Directors is incurring in order to further entrench themselves as directors.

In Rubicon’s proxy statement filed with the SEC and mailed to shareholders, we find the following disclosure (emphasis added):

[The Rubicon Board has] retained Innisfree for an estimated fee of $175,000 plus reimbursement of out-of-pocket expenses that need not be approved by a vote of stockholders to assist in the solicitation of proxies and otherwise in connection with the Annual Meeting…The question of reimbursement will not be submitted to a vote by stockholders…Our aggregate expenses, including those of Innisfree, related to our solicitation of proxies, excluding salaries and wages of our regular employees, are expected to be approximately $1.0 million, of which approximately $350,000 has been incurred as of the date of this proxy statement. Rubicon’s Board of Directors is prepared to spend at least $1 million of shareholders’ money in order to further entrench themselves by delaying the removal of two of their directors for another three years. They are planning to spend $1 million to prevent ONE Paragon director from joining its five member Board. Since the Rubicon Board has stated that they offered a board position to one of Paragon’s two board nominees, they have decided to spend $1 million of shareholders’ money to keep ONE person off of the board. This decision was made despite Rubicon’s continued extraordinary net losses and rapidly declining financial resources.

We ask all Rubicon shareholders to take a hard look at the behavior of this current Board and recognize what we believe is their continued pattern of putting their self-interest ahead of the shareholders.

We call on the Board to immediately cease its entrenchment activities, stop what we believe is its excessive waste of shareholder money, and appoint Paragon’s two directors so we may begin collectively working for shareholders to save Rubicon.

Paragon Technologies, Inc. has filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and a blue proxy card in connection with its solicitation of votes for the election of director nominees at the 2016 annual meeting of shareholders of Rubicon Technology, Inc., a Delaware corporation (the “Company”).

Paragon Technologies, Inc. is the beneficial owner of 80,000 shares of common stock of the Company, par value $0.001 per share (“Common Stock”), Gad Partners Fund LP is the direct beneficial owner of 1,023 shares of Common Stock, and Hesham M. Gad is the direct beneficial owner of an additional 1,000 shares of Common Stock. Mr. Gad serves as the Chairman of the Board and Chief Executive Officer of Paragon Technologies, Inc. and is the managing member of Gad Partners Fund LP.

Paragon Technologies, Inc., its executive officers and directors, Gad Partners Fund LP and certain of its affiliates, and Paragon’s nominees to the board are the participants in the proxy solicitation. Information regarding the participants and their direct and indirect interests in the solicitation, by security holdings or otherwise, is included in Paragon’s definitive proxy statement and other materials filed with the SEC.

SHAREHOLDERS OF THE COMPANY SHOULD READ SUCH PROXY STATEMENT AND OTHER PROXY MATERIALS CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION RELATING TO THE COMPANY’S ANNUAL MEETING, PARAGON’S SOLICITATION OF PROXIES AND PARAGON’S NOMINEES TO THE BOARD. SUCH PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT WWW.SEC.GOV OR FROM ALLIANCE ADVISORS, LLC.

Contacts:

Alliance Advisors, LLC
Toll-free number: 855-737-3183
Peter Casey, 973-873-7710

SOURCE: Paragon Technologies, Inc.

ReleaseID: 440368

VANCOUVER, BC / ACCESSWIRE / May 24, 2016 / Gulf Shores Resources Ltd. (TSXV: GUL) (the “Company”) announces its intention to undertake the following:

1. the consolidation of its current issued and outstanding common shares on the basis of one new post-consolidated share for every two outstanding shares; and
2. a private placement to raise up to $800,000 through the sale of 16,000,000 post consolidated shares at $0.05 per post consolidated share.

Proceeds of the placement will be used to pay payables and for general working capital purposes to advance the Company’s search for new business opportunities.

The private placement is subject to approval of the TSX Venture Exchange. The shares will be subject to a four month hold period.

The Company is currently reviewing a number of mineral exploration opportunities in West Africa.

ON BEHALF OF THE BOARD

“MICHAEL TURKO“
Michael Turko
President

Tel: (604)683-3309

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 news release.

SOURCE: Gulf Shores Resources Ltd.

ReleaseID: 440367

ATLANTA, GA / ACCESSWIRE / May 24, 2016 / GreenParts International, Inc. (OTC:GNPT) today reported financial results for First Quarter 2016 which ended March 31, 2016. In addition, the company provided an update on its acquisition of URM, as well as the continued negotiation of its Debt Repurchase Program aimed to neutralize convertible debt.

Chief Executive Officer, Asif Balagamwala commented, “While the first quarter 2016 had ongoing industry challenges we were very encouraged internally by the closing of our debt consolidation and cost reduction initiatives. The Company incurred approximately $259k of one time charges related to loan closing cost and requirements. Revenues were down as a direct relation to the commodity prices, however our cost reduction initiatives helped us to double our margins. We are currently negotiating with our note holders to put a temporary freeze and floor price on conversions while we work with a few strategic partners, who’s interest would be more aligned with the company and its shareholders, to repurchase balance of debt. If this initiative is successful, all of the securities responsible for dilution will be neutralized.”

First Quarter Highlights:

• Company has plenty in cash and cash reserves for future growth and operations
• Year over Year Revenues down but margins were higher during the same period last year
• Excluding the one time items we would have been EBITDA positive

The CEO added, “We are also very pleased to announce that we recently finished our due diligence period for the LOI to acquire a local scrap metal and construction waste company. As expected, we are very satisfied with our findings and encouraged by the synergies that can be unlocked by combining our strengths with the acquisition targets warehousing and Logistics capabilities. We are diligently finalizing the closing documents and the terms of the purchase, and we are structuring a deal that is shareholder friendly, creating value, with very little dilution.”

The CEO concluded, “As we have said in the past, we can’t control market conditions, and the headwinds in our industry have been strong. However, due to our refinancing and reorganization internally, we have nearly $650k in cash and cash reserves, and feel confident that we are on course to execute on our plans to not only grow organically, but to diversify and acquire accretive operations.”

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

SOURCE: GreenParts International, Inc.

ReleaseID: 440364