MONTREAL, QC / ACCESSWIRE / June 29, 2016 / Colba.Net Telecom Inc. (CSE: CB) (“Colba.Net” or the ”Corporation”) announces that its shareholders have approved, at their meeting held today, a special resolution authorizing the amendment of the Corporation’s articles to effect a going private transaction by way of consolidation of its common shares at a ratio of one new common share for every 25,000,000 existing common shares (the “Consolidation”). Under the Consolidation, fractions of new common shares will be cancelled and the Corporation will pay a consideration of $0.10 for each common share that forms part of such a fraction. Following the Consolidation, the Corporation’s only beneficial shareholder is expected to be its President and Chief Executive Officer, Joseph Bassili.

The Consolidation is exempt from the requirements under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (the “Regulation”) to obtain “minority shareholder approval” and a formal valuation of the Common Shares since Mr. Bassili beneficially owns an aggregate of 30,230,780 Common Shares, representing 90.4% of the issued and outstanding Common Shares, and because none of Colba.Net’s securities are listed or quoted on any exchanges or markets listed in the Regulation.

Colba.Net’s common shares will be delisted from the Canadian Securities Exchange as of the close of business today. The Corporation will soon amend its articles to implement the Consolidation and then apply to cease to be a reporting issuer in Canada, thereby reverting to privately-held status.

Letters of transmittal were mailed to registered holders of the Corporation’s shares with its management information circular, explaining how to deposit their shares and obtain payment. Registered shareholders are invited to return their duly-completed letters of transmittal to Computershare Investor Services Inc., which they must do in order to receive the consideration to which they are entitled. Non-registered shareholders should follow the instructions from the broker, investment dealer, bank, trust company or other intermediary that holds their shares on their behalf.

For more details about the Consolidation, see Colba.Net’s circular dated May 31, 2016, available at www.sedar.com.

Forward-Looking Statements

Certain statements in this press release may be forward-looking, including those with respect to the completion of the Consolidation, the de-listing of the Common Shares, the payments to be made to the Shareholders and the privatization of the Corporation. Although the Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include (i) the Corporation will succeed in obtaining all regulatory approvals necessary in connection with the transactions described in this press release, including the authorization to cease to be a reporting issuer from the relevant securities regulators and (ii) generally, no event will occur or fail to occur so as to prevent the Corporation from proceeding with the above-described transactions. Factors that could cause actual results to differ materially from expectations include (i) a refusal on the part of the appropriate regulatory authorities to grant the necessary approvals, (ii) the Corporation’s inability to make payment to the Shareholders for unexpected and unforeseen reasons, and (iii) generally, the Corporation’s inability to implement the above-described transactions for any reason. A description of other risks affecting the Corporation’s business and activities appears under the heading “Risk and Uncertainties” on pages 9 to 10 of Colba.Net’s 2015 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that the Corporation will derive therefrom. In particular, no assurance can be given as to the future financial performance of Colba.Net. Colba.Net disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.

For Further Information Please Contact:

Mr. Joseph Bassili
President and CEO
Colba.Net Telecom Inc.
514-227-1673

SOURCE: Colba.Net Telecom Inc. 

ReleaseID: 441807

NEW YORK, NY / ACCESSWIRE / June 29, 2016 / Levi & Korsinsky announces it has commenced an investigation of Cryo-Cell International, Inc. (OTC PINK: CCEL) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to: http://zlk.9nl.com/cryo-cell-international-ccel or contact Eduard Korsinsky, Esq. either via email at ek@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 and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. 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: 441816

NEW YORK, NY / ACCESSWIRE / June 29, 2016 / Levi & Korsinsky announces it has commenced an investigation of Frequency Electronics Inc. (NASDAQ: FEIM) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to: http://zlk.9nl.com/frequency-electronics-feim or contact Eduard Korsinsky, Esq. either via email at ek@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 and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. 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: 441806

CORAL GABLES, FL / ACCESSWIRE / June 29, 2016 / TechStockInsider.com is issuing a report on four stocks to watch. LifeClips Inc. (OTCQB: LCLP), Galena Biopharma, Inc. (NASDAQ: GALE), Towerstream Corporation (NASDAQ: TWER), and MGT Capital, Inc. (NYSE MKT: MGT) have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks and tech stocks on the OTC, Nasdaq and NYSE subscribe to our newsletter at TechStockInsider.com.

LifeClips Inc. (OTCQB: LCLP) made one of its biggest updates this month and revealed the company’s current list of retailers included for the soft launch of its Mobeego® single use charging device. Outlets include B & H Photo Video in New York City as well as several outlets in MGM properties in Las Vegas, NV. “Welcome to the U.S.A Mobeego®!,” said CEO Bob Gruder. “I would like to thank our shareholders, distributors & our entire team for making this possible. Mobeego® is a revenue producing, recognizable brand in 14 different countries & it’s time the United States gets its fair share of the pie.”

The Mobeego® soft launch is a limited distribution release within the U.S. ahead of the products full distribution release in July 2016. The latest series of news fro m LCLP has seen a positive reaction in the market as share prices have climbed from roughly $0.45 a few weeks ago to highs of $0.64 during today’s (6/29) trading session. This has marked a turn-around in the stock by more than 40%. You Can View LCLP’s News Here.

Stay Informed and Up To Date On The Hottest Small Cap Nasdaq & OTC Plays. Get Them Here.

Galena Biopharma, Inc. (NASDAQ: GALE) has made headlines this morning but not for the same positive response that other stocks typically see when they release news. Today the company announced that its PRESENT trial be stopped due to futility. “We are extremely disappointed with the outcome of the PRESENT futility analysis,” said Mark W. Schwartz, Ph.D., President and Chief Executive Officer. “On behalf of our entire company, I would like to thank all of the courageous patients and their families, investigators, study staff and independent committees who participated in the PRESENT study. To date, the trial has not been un-blinded other than by the IDMC, and we need to evaluate the data. We expect to host a conference call next week to provide a preliminary review of the PRESENT trial and an update on all of our immunotherapy and hematology clinical development programs.”

Shares of GALE have tumbled to lows of $0.275 during the first half of the trading day and represented a drop in share price by more than 80% from the previous close on Tuesday. Get more information on GALE now, Click Here.

Small Cap Stock Alerts: Get Them straight to your Cell Phone. To Receive Our Winning Small Cap Stock Alerts For Free, text “TechStocks” to 82257.

Towerstream Corporation (NASDAQ: TWER) announced last week that it entered into agreements with accredited investors to purchase $2,280,000 of the Company’s common stock in a registered direct offering. According to the release, 15,000,000 shares of common stock at a purchase price of $0.152 per share. On top of this, each purchaser will receive one 5 year warrant exercisable at $0.25 per share for each share of common stock purchased.

On Tuesday, shares of TWER hit lows of $0.1401 but have since rallied back and on trading volume that is well above average. At the time of this article being written TWER has been up by more than 35%. The stock hit highs of $0.19 during the morning trading session. Get More Information on TWER Now!

Enjoy picks like this? Get These Alerts and More on top small cap Companies before They Rally, Text the phrase “TechStocks” to 82257

MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has hired the development team of E-Tagged in order to commercialize the E-Tagged mobile device tracking technology. E-Tagged is a cyber security product designed to alert and detect the identity of approaching individuals or motor vehicles by utilizing a proprietary technology that analyzes the radio signals broadcast by cell phones.

The employment agreement between the member at E-Tagged, Robert Rogers and Joshua Kowalchuk, will allow MGT to assume control over the E-Tagged technology and ownership of the IP developed. This news has ignited a bullish reaction in the market to send the stock to highs of nearly $4. You can view more information on MGT Here.

Stay Informed and Up To Date On The Hottest Small Cap Stocks; Free To Join Now.

About TechStockInsider.com

Looking for stock market and business news headlines? How about up to the minute information on mutual funds and ETFs? Don’t forget about the top stock picks of 2016 and best tech stocks. TechStockInsider.com has it all. Make sure to subscribe to our free newsletter and to receive free text message alerts on your phone, text “TechStocks” to 82257.

Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor’s or other person’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $150,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 6 MONTHS Beginning 5/4/2016. & ending 11/3/2016. Since the start of this campaign MIDAM Ventures LLC. Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding GALE, MGT, or TWER in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plans,” “should,” “potential,” “forecast,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company’s actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.

Contact:

Tech Stock Insider
news@TechStockInsider.com

SOURCE: Tech Stock Insider

ReleaseID: 441804

NEW YORK, NY / ACCESSWIRE / June 29, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased PrivateBancorp, Inc. (NASDAQ: PVTB) stock prior to June 29, 2016.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of PrivateBancorp to Canadian Imperial Bank of Commerce (NYSE: CM) (“CIBC”) for US$18.80 in cash and 0.3657 of a CIBC share for each PrivateBancorp share. Based on the closing price of CIBC on the last business day prior to the merger announcement, this represents an approximate value of US$47.00 for each PrivateBancorp share. To learn more about the action and your rights, go to: http://zlk.9nl.com/privatebancorp 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. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, 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 lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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: 441803

NEW YORK, NY / ACCESSWIRE / June 29, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Diamond Resorts International, Inc. (NYSE: DRII) stock prior to June 29, 2016.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Diamond Resorts International to Apollo Group Management, LLC for $30.25 per share. The transaction has a total approximate value of $2.2 billion. To learn more about the action and your rights, go to: http://zlk.9nl.com/diamond-resorts-drii 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. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, 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 lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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: 441802

IRVINE, CA / ACCESSWIRE / June 29, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Banco Bradesco S.A. (“Banco Bradesco” or the “Company”) (NYSE: BBD). Investors who purchased or otherwise acquired shares between April 30, 2012 through May 31, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the
August 2, 2016, lead plaintiff motion deadline.

If you purchased shares of Banco Bradesco 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 e-mail 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 made materially false and/or misleading statements and failed to disclose that: Banco Bradesco was involved in bribery with the Brazilian Finance Ministry’s CARF; the Company’s executives were planning on avoiding a $828,000,000.00 tax fine by Brazil’s Internal Revenue Service; several of Banco Bradesco’s CEO, executives, directors, and employees were engaged in bribery, corruption, and money laundering; Banco Bradesco’s internal control of financial reporting, procedures, and disclosure controls were ineffective; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On May 31, 2016 news reports disclosed that the Company’s CEO was indicted by Brazilian police on corruption charges. Upon announcement of this news on May 31, 2016, shares of Banco Bradesco fell nearly 6% on that same day.

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 e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contacts

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

SOURCE: Khang & Khang LLP

ReleaseID: 441800