NEW YORK, NY / ACCESSWIRE / May 24, 2016 / Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed on behalf of those who purchased shares of Perrigo Company plc (“Perrigo” or “the Company”) (NYSE: PRGO), during the period between April 21, 2015 and May 11, 2016, inclusive (the “Class Period”) and/or owned Perrigo common stock as of November 13, 2015. This action is pending in the United States District Court for the District of New Jersey.

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”).

The complaint alleges that Defendants violated Sections 10(b), 14(e) and 20(a) of the Securities Exchange Act of 1934.

On April 8, 2015, Mylan offered to purchase Perrigo for $205 per share, representing a nearly 30% premium to the Company’s total market capitalization. Mylan’s approach was well received by investors, and the price of Perrigo stock increased to as high as $215 per share in intraday trading on April 8.

On April 21, 2015, Perrigo publicly rejected Mylan’s offer and told investors that the offer substantially undervalued Perrigo and its growth prospects, and that the offer did not take into account the full benefits of the Company’s acquisition of Omega Pharma N.V. (“Omega”). Over the next six months, Perrigo continued to engage in a public campaign to reject Mylan’s proposal, despite having subsequently raised its offer to approximately $235 per share.

On November 13, 2015, a majority of Perrigo’s shareholders declined to tender their shares, defeating Mylar’s tender offer. On the news the tender offer failed, Perrigo shares fell 6%.

On February 18, 2016, Perrigo reported lower than expected fourth quarter 2015, revenue, margins, earnings, and cash flow and decreased earnings guidance for 2016. The Company also announced that it would need to take a $185 million impairment charge related to Omega’s assets. On this news Perrigo shares fell $14.77 per share.

On April 25, 2016, Perrigo announced the resignation of its Chief Executive Officer, lowered its 2016 earnings guidance, and reporter weak preliminary first quarter 2016 results. The Company attributed its poor financial performance, in part, to issues with the Omega acquisition. On this news Perrigo shares fell $21.95 per share.

On May 12, 2016, Perrigo announced a first quarter net loss of $0.93 per share which the Company largely attributed to an additional $467 million impairment charge relating to the Omega acquisition. On this news Perrigo shares fell $3.71 per share.

No Class has yet been certified in the above action. To discuss this action, or for any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Perrigo Company plc you have until July
18, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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

Contact:

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

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 440365

Adds Strength to Fortiline Presence in South Carolina, Georgia

CONCORD, NC / ACCESSWIRE / May 24, 2016 / Fortiline Waterworks (Fortiline), one of the largest waterworks distributors in the United States, announced today it has completed the acquisition of Atlantic Supply & Equipment Company (Atlantic Supply) of Simpsonville, South Carolina. With this acquisition, Fortiline now has 42 distribution branches in 12 states.

Since 1982, Atlantic Supply has served as the customer’s single source for pipe, valves, fittings, tools and equipment for underground water, sewer and storm water systems. The company has two locations: 505 West Georgia Road in Simpsonville and 1628 Barton Chapel Road in Augusta, Georgia. Once the transaction has been completed, Atlantic Supply’s Simpsonville operations will be transitioned into the existing Fortiline branch located at 28 A.D. Asbury Road in Greenville, South Carolina, and the Augusta location will operate as a new Fortiline branch.

“Atlantic Supply has a knowledgeable staff and efficient operations in in both locations so we anticipate a smooth transition with superior customer service from day one,” said Mike Swedick, President and COO of Fortiline. “This acquisition is consistent with Fortiline’s growth strategy, as we continue to expand our footprint to offer better and faster service to our customers, while building the best employee base in the business.”

“Like Fortiline, we value our relationships with our vendors, customers and employees,” said Todd Fusco, Owner, Atlantic Supply & Equipment Company. “We look forward to building on those relationships under the Fortiline umbrella, which will allow us to offer more products, more competitively, with enhanced support and service.”

So far in 2016, Fortiline has opened four new branches: Tampa, Florida; Naples, Florida; Charlottesville, Virginia; and Cartersville, Georgia.

“Our growth has been based on solid relationships with knowledgeable sales staff that wanted to join us in each of these areas,” said Swedick. “We will continue to look for these types of opportunities, building on our relationship-based culture and focus on superior service.”

For additional information about Fortiline, visit www.fortiline.com.

About Atlantic Supply & Equipment Company

Atlantic Supply & Equipment Co., founded in 1982, is a supplier of water, sewer and storm water products and related equipment. Atlantic has served the Upstate of South Carolina and Augusta, Georgia, with a courteous staff of professionals trained in all aspects of the utility distribution business. Atlantic is solely-owned by Todd Fusco, who acquired the business in 1996, and is one of the oldest locally-owned and operated distributors in the Southeast.

About Fortiline

Fortiline Waterworks, headquartered in Concord, N.C., is one of the largest wholesale distributors of underground water, sewer and storm utility products in the United States. Founded in 1997, Fortiline distributes more than 75,000 SKUs to a diverse base of more than 4,500 contractor, developer and municipal customers through a network of 42 branches in 12 states in the Southeast, Mid-Atlantic and Midwest. The company’s vision is to be the preferred and most trusted resource for utility infrastructure product solutions and Fortiline backs that with specialty divisions and extensive inventory at locations across the country.To learn more, visit www.fortiline.com.

CONTACT:

Cathy Hein, Marketing Director
7025 Northwinds Dr., NW
Concord, NC 28027
704-788-9806
cathy.hein@fortiline.com

SOURCE: Fortiline Waterworks

ReleaseID: 440359

• The CIOSynergy 2016 takes place in Chicago on May 26th, 2016.
• Cimpl’s President and AVP of sales will be attending CIOSynergy 2016.
• The symposium will explore innovations and challenges in enterprise IT.

MONTREAL, QC / ACCESSWIRE / May 24, 2016 / Cimpl, leading the revolution in telecom, IT and cloud expense management will attend CIOSynergy’s next symposium at the Four Seasons Hotel Chicago, Chicago, IL. The event will take place on Thursday, May 26th 2016, from 11:00 am to 7:00 pm. Cimpl’s President, Christopher Thierry and AVP of Sales, Martin Sommer will be representing the company at this event.

Christopher Thierry, President of Cimpl, had this to say, “IT is under attack to deliver more with less, while constantly trying to justify IT expenses to the business. All this needs to be done across a complex array of hardware, software, telecom, mobile and cloud services, or what we call the Enterprise Digital Footprint. At CIOSynergy, we will show companies the Cimpl solution, manage the Enterprise Digital Footprint and create a crowd-sourced approach to IT asset and expense management that will dramatically impact your culture and bottom line.”

Cimpl appreciates innovation and strongly believes that it is the heart of progress in the IT industry. This is the reason why Cimpl is so enthusiastic about sponsoring CIOSynergy 2016. This event will encourage CIOs to exchange their experience of success and failure in the face of innovation. CIOSynergy will be moderated by Scott Shuster, consulting editor for the BusinessWeek and former ABC News correspondent. Conversations on IT transformation, management and innovations will be led by an expert panel of IT leaders.

Cimpl’s team is delighted to attend the symposium and looks forward to connecting with IT leaders as they learn and share innovative tools and strategies in IT.

About CIOSynergy

CIOSynergy strives to provide a space where true visionaries of enterprise IT leadership can exchange ideas that promote advancements within their respective organizations. CIOSynergy holds events that provide opportunities for leaders to form new partnerships in the IT community. For more information on CIOSynergy, visit the organization’s website.

About
Cimpl

Founded in 2000, Cimpl is leading the revolution of telecom, IT and cloud expense management for large multinational corporations by offering a platform-as-a-service and managed services. Cimpl helps companies control the costs associated with the use of mobile, fixed telecom, cloud, M2M, IT, and UC assets. Privately owned and headquartered in Montreal, Quebec, they are growing both in size and scope. Cimpl’s growth rate has surpassed 145% in the last five years. They are expanding their mission globally to lead the revolution in enterprise digital footprint management.

As one of Canada’s fastest growing companies, they’ve received multiple prestigious awards confirming their status in the industry. Their employees are treated like gold – that’s how they’ve earned for three consecutive years the title of top 50 Best Small and Medium Employer (BSME) in Canada. With Cimpl, customers save money ($), save time (h) and accurately manage their inventory (%). Visit www.cimpl.com.

Contact:

Caroline Le Brun
Marketing Manager
Cimpl
Caroline.Lebrun@cimpl.COM

SOURCE: Cimpl

ReleaseID: 440217

VANCOUVER, BC / ACCESSWIRE / May 24, 2016 / AMERICAN VANADIUM CORP. (TSXV: AVC) (OTC: AVCVF) (“American Vanadium” or the “Company”) reports that, further to its press release of January 11, 2016, the Letter of Intent to acquire DMG MORI’s wholly owned subsidiary, GILDEMEISTER energy storage GmbH (“GES”), manufacturer of the CellCube vanadium flow energy storage system, has expired. Due to market conditions, the Company was unable to secure the necessary financing to fund the acquisition of GES pursuant to the terms of the Letter of Intent. American Vanadium will continue to be the North American sales agent for the CellCube.

Corporate Update

The development of the grid level energy storage market has not met the expectations of industry and Company forecasts and, as a consequence, the Company does not believe the Gibellini vanadium deposit will have strategic value as a supply of vanadium electrolyte for an extended period of time. As a result, the Company has decided to discontinue developing and permitting the Gibellini property and one of the main Gibellini leases has reverted back to the owner. Therefore, unless the Company is able to negotiate reasonable terms to re-acquire this lease, the Company may relinquish other leases which require annual payments by December 31, 2016 and claims which expire August 31, 2016 in the area.

The Company has a significant working capital deficiency, and it needs to reorganize and streamline its activities. Further equity financing and settlement of its accounts payables are required to sustain its operations.

The Company applied for a resumption to trading with the TSX Venture Exchange (the “Exchange”) and advised the Exchange that it is not meeting the requirements for a Tier 1 issuer. The Exchange has advised that soon after the dissemination of this news release that it would be issuing a bulletin resuming the trading of the securities of the Company as a Tier 2 issuer.

At the request of the TSX Venture Exchange, the Company also announces that it is suspending its rolling stock option plan (the “Plan”) however, the current outstanding options will continue to be governed by the Plan.

About American Vanadium Corp.

American Vanadium is the Master Sales Agent in North America for GILDEMEISTER energy solution’s CellCube energy storage system. The CellCube is the world’s leading commercially available vanadium flow battery, providing long duration solutions over a 20+ year life for a broad range of applications including renewable energy integration and demand charge reduction. CellCube is a powerful, durable and reliable energy storage system that ensures a clean, emission-free energy supply at all times.

ON BEHALF OF THE BOARD

Bill Radvak, President and CEO

For further information, please contact:

Bill Radvak, President & CEO
(778) 888 4101
bradvak@americanvanadium.com
www.americanvanadium.com

Forward-Looking Statements: This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with respect to the negotiation of an SPA, the trading halt, the potential acquisition of GES, financing plans, other plans, objectives and strategies for the energy storage business and the Gibellini Vanadium Project, the expected performance of GES’ products and competitive products, market opportunities and market developments. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Vanadium to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, including that we may be unsuccessful in negotiating the SPA, in obtaining the financing required to complete the acquisition of GES or in obtaining the necessary regulatory, corporate or contractual approvals to complete the acquisition, the results of the acquisition or the performance of GES’ products may differ from our expectations, the market may not adopt our products or may shift, and other factors including a history of losses, inadequate financing, reliance upon key management, the difficulties of integrating acquisitions and scaling operations, regulatory requirements, and the other risk factors included in our annual information form and other disclosure documents available on SEDAR at www.sedar.com. Although American Vanadium has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. American Vanadium does not undertake to update any forward- looking statements, except in accordance with applicable securities laws.

This press release does not constitute an offer to sell, or a solicitation of offers to buy, any securities.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY HEREIN.

SOURCE: American Vanadium Corp.

ReleaseID: 440360

TORONTO, ON / ACCESSWIRE / May 24, 2016 / Wi2Wi Corporation (Wi2Wi or the Company) (TSX V: YTY.V), a leading global developer and manufacturer of wireless connectivity solutions, high precision frequency control, timing, and microwave filter devices, is pleased to announce a Low Power High Performance module WM826C00 in its maximum performance (MX) series of products.

This Very High Throughput (VHT) 802.11ac 1×1 module incorporates MAC, baseband, crystals, filter, Power Amplifier (PA), Low Noise Amplifier (LNA) and RF switch, providing the industry’s highest level of RF front end integration which allows for a cost-efficient solution with a significantly smaller footprint and reduced design complexity compared to existing available solutions. With Transmit Beamforming technology and Low-density parity check (LDPC), this module provides unparalleled WLAN performance with up to 433 Mbps. It supports advanced power management features to optimize battery life and full interoperability and coexistence with LTE 4G networks. The best in class and cost effective WM826C00 is ideal for various demanding WLAN applications that require low power consumption and high performance. Examples include home and industrial automation, wearables, medical electronics, intelligent vehicle infrastructure (IVI), streaming audio and video, and many other emerging applications. Using WM826C00 in their systems, system designers can eliminate integration and multi-radio co-existence issues from their designs which reduces the time to market and substantially reduce the overall product cost.

The module is currently undergoing FCC, CE, and IC certifications and comes with out of the box integration tools with all the required protocol stacks, extensive software libraries including cloud access support and sample applications. Fully certified production units will be available in the early third quarter of 2016.

“We are delighted to announce this simultaneous dual band 802.11 ac/a/b/g/n module which can work simultaneously on 5G and 2.4G bands. This module can also support simultaneous access point and client mode enabling variety of applications. Module can address both high performance applications and battery powered applications such as wearables with its small size and low power consumption,” said Ramesh Duvvuru, VP of Engineering Wireless Connectivity.

“We are excited about the release of WM826C00 which addresses the high performing and cost effective 802.11ac dual band Wi-Fi solutions the industry is demanding. WM826C00 will position Wi2Wi well in front of others to tap the fast growing IoT and M2M markets,” said Zachariah Mathews, President and CEO of Wi2Wi.

For further information, please contact:

Zachariah Mathews
President and Chief Executive Officer
408 416 4202
zach@wi2wi.com

About IoT and M2M

Essentially, IoT and M2M describe the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. Driven by several factors including the growth in the availability of Broadband Internet, which reduces the cost of connecting, and the related increase in Wi-Fi capabilities as well as sensors built into myriad technologies, this has been described as the “perfect storm” for the IoT. Almost any device with an on and off switch that can be connected to the Internet (and/or to each other) – anything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices, cars, as well as machine components in the engine of a jet airplane or the drill of an oil rig. According to analyst firm Gartner, by 2020 there will be over 26 billion connected devices. Others think this figure could be too conservative by a factor of four.

About Wi2Wi Corporation

Wi2Wi is a vertically-integrated technology company which designs, manufactures and markets high performance, low power wireless connectivity solutions, global navigation satellite system (GNSS) modules, and frequency control devices. The Company’s products and services address numerous applications in the markets of Internet of Things (IoT), Machine to Machine (M2M), Avionics, Space, and Government Sponsored Projects. Wi2Wi’s products and value-added services provide highly integrated, rugged, robust, and reliable multiprotocol wireless actuators with embedded software, along with customized timing and frequency control devices for customers, worldwide. The Company was founded in 2005 and is strategically headquartered in San Jose, California with satellite offices in Middleton, Wisconsin and Hyderabad, India. Wi2Wi’s manufacturing operations, its laboratory for reliability and quality control, together with design and engineering for timing and frequency control devices are located in Middleton, WI. The branch office, located in Hyderabad, India, focuses on the development of wireless connectivity; both hardware and software. Wi2Wi’s strategic objective is to service the unique needs of each customer by providing end to end wireless integration solutions and highly customizable timing and frequency control devices. Wi2Wi distinguishes itself from commodity grade products, with best in the market performance, highly reliable, low power wireless connectivity products with integrated software that supports broader temperature ranges and a longer product life cycle. Furthermore, Wi2Wi’s end to end product solutions helps the customer substantially reduce their end product expense, certification cost, and overall R&D investment, in addition to substantially reducing the time to market. Wi2Wi has partnered with best in class global leaders in technology, manufacturing, and sales. The Company uses a wide network of manufacturer’s representatives, worldwide, to promote its products and services, and has partnered with world class distributors for the fulfillment of orders along with direct sales.

Forward-Looking Statements: This news release contains certain forward-looking statements, including management’s assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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

SOURCE: Wi2Wi Corporation

ReleaseID: 440357