VANCOUVER, BC / ACCESSWIRE / June 6, 2016 / Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX: PCY, Frankfurt: 1P2) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, completed the acquisition of 75,000,000 (pre-consolidation) units (each a “Unit“) at a price of $0.02 per Unit in the Company, pursuant to a private placement (the “Private Placement“) which closed on June 3, 2016 for total consideration of $1,500,000 in debt. Each Unit consists of one Common share in the capital of the Company (a “Share“) and one Share purchase warrant (a “Warrant“). Each Warrant entitles the holder to acquire an additional Share at a price of $0.04 per Share for a period of five years from the date of issuance. The Shares, Warrants and any Shares issued upon exercise of the Warrants are subject to a four (4) month hold period from the date of closing of the Private Placement.

Prior to the Private Placement, Mr. Lee beneficially owned 20,719,116 (pre-consolidation) shares, representing approximately 5.62% of the issued and outstanding shares of the Company.

As a result of the Private Placement, Mr. Lee now beneficially owns and exercises control over an aggregate of 957,191 (post-consolidation) Shares representing an interest of approximately 21.58% of the Company’s currently issued and outstanding (post-consolidation) Shares, 32.92% of the Company’s Shares on a partially diluted basis assuming full exercise of only the 75,000,000 Warrants, and 34.45% of the Company’s Shares on a fully diluted basis assuming exercise of all of the Company’s outstanding share purchase warrants.

The securities described in this news release were acquired in exchange for satisfaction of $1,500,000 of indebtedness owed by the Company to Linx Partners Ltd. (“Linx“) (a company controlled by Mr. Lee) under the revolving Credit Facility Agreement with the Company dated March 12, 2015, as amended. The securities were acquired by Mr. Lee for investment purposes only, and not for purposes of exercising control or direction over the Company.

Mr. Lee also intends to acquire an additional 52,763 (post consolidation) Shares on June 7, 2016, at a deemed price of $1.99 per Share to settle $105,000 in outstanding consulting fees owed to him. Such Shares are being issued through the Company’s Share-Based Compensation Plan which was approved by shareholders at the Company’s Annual General Meeting of shareholders held on June 2, 2016.

Generally, Mr. Lee intends to evaluate his investment in the Company and to increase or decrease its shareholdings as circumstances require, depending on market conditions and other factors, through market transactions, private agreements or otherwise.

The information contained in this news release has been provided by Mr. Lee and the Company is not responsible for its accuracy.

A copy of the early warning report pursuant to National Instrument 62-103 required to be filed with the applicable securities commissions in connection with the acquisition of the Units described in this news release will be available for viewing under the Company’s profile at www.sedar.com. A copy of the early warning report can also be obtained from the contact number for Investor Relations below.

About Prophecy

Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in developing mining and energy projects in Mongolia, Bolivia and Canada. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD

“JOHN LEE”
Executive Chairman

For more information about Prophecy, please contact Investor Relations:

+1.604.563.0699
+1.888.513.6286
ir@prophecydev.com
www.prophecydev.com

SOURCE: Prophecy Development Corp.

ReleaseID: 440819

NEWPORT BEACH, CA / ACCESSWIRE / June 6, 2016 / Citadel Exploration, Inc. (OTC: COIL) (“Citadel” or “the Company”), a pure-play California oil company with operations in the San Joaquin Basin of California, is pleased to announce the completion of production and dehydration facility upgrades at the recently acquired Kern Bluff Oil Field. Additionally Citadel has filed permits for three new development wells, which are expected to be drilled, completed and on production in the next 45 days. These three wells coupled with the 8 shut-in wells that were recompleted by Citadel in the fourth quarter of 2015, should result in daily production of 150-200 gross barrels of oil per day. Citadel has a 100% working interest in the field and an 78% net revenue interest.

“With oil prices cratering during the first quarter to a low of $27.00 in February, we elected to shut wells in and focus our capital expenditures on infrastructure to avoid future bottlenecks once oil prices rebounded. With oil prices approaching $50.00 a barrel, now is the time to begin executing on our redevelopment strategy,” said Mr. Armen Nahabedian Citadel’s President & CEO. “The three planned development wells will be the first drilled in this field since 1996. These wells will set the stage for our next 20 development wells as we strive to exit 2016 at 500 barrels of oil per day, and move into 2017 with a target of 1,000 barrels of oil per day,” he added.

Citadel’s CFO Phil McPherson is scheduled to present to investors on Thursday June 7th at the LD Micro Conference in Los Angeles. The conference is being held at the Luxe Sunset Boulevard Hotel. Citadel is scheduled to present at 9:00 am Pacific. A new investor presentation is available at Citadel’s website: www.citadelexploration.com

“Our first new well in this field, the American Beauty #1 is scheduled to begin drilling in late June and will be followed by Shakedown St. #2 and Mississippi Queen #3 all wells will be drilled to approximately 1,150 feet,” said Mr. McPherson. “The Kern Bluff Oil Field has five separate oil bearing zones, these first wells will target two of the three benches of the Santa Margarita and the Transition zone,” he added.

Citadel recently reported the conversion of a $3,500,000 term loan into Series A. Participating Preferred. Citadel has also raised an additional $1,200,000 in Series A. Participating Preferred stock, bringing the total amount issued to $4,700,000. The Series A, has a three year term, converts at $0.20 a share and carries a 10% coupon, which can be PIK (paid in kind) during the first year. The Series A also carries a 2% overriding royalty (ORRI) on the Kern Bluff Oil Field. Once the Series A. converts into common stock, the ORRI is reduced to 1% in perpetuity. Upon Series A. conversion, Citadel will have 62.3MM shares issued and 72.3MM fully diluted including stock options.

About Citadel Exploration, Inc.:

Citadel Exploration (OTC: COIL) is a pure-play California oil company with operations in the San Joaquin Basin of California. Citadel has a broad portfolio of capital investment opportunities arising from management’s extensive knowledge of the geology and the history of oil and gas exploration and development in California.

Citadel currently is focusing its efforts on two primary prospects: The recently acquired Kern Bluff Oil Field and the 3,000 acre Yowlumne Project located in the Southern San Joaquin Basin of Kern County.

Citadel prides itself on its legacy of discovery and innovation in the industry, and is committed to a plan of careful, deliberate growth tempering risk by focusing on historically successful projects. The best place to find oil is where it has already been found.

Citadel will be hosting an investor day at the Kern Bluff Oil Field on Saturday June 25th. For information on attending, please contact the Company.

Company Contact:

Phil McPherson – CFO
949-612-8040

SOURCE: Citadel Exploration, Inc.

ReleaseID: 440815

TORONTO, ON / ACCESSWIRE / June 6, 2016 / Cardinal Capital Partners Inc. (TSXV: CCP.H) (the “Company” or “Cardinal Capital”) is pleased to announce that on May 24, 2016, it executed a definitive agreement (the “Agreement”) for a business combination (the “Transaction”) with Minotaur Atlantic Exploration Ltd. (“Minotaur Atlantic”), a private Nova Scotia corporation. The Transaction is expected to take the form of an amalgamation, arrangement, share purchase, or similar form of business combination. The Company plans to apply to be a Tier 2 mining issuer on the TSX Venture Exchange (the “Exchange”).

Minotaur Atlantic, incorporated in Nova Scotia on July 16, 2007, is a private resource company focused on the exploration and development of copper and gold deposits in central Nova Scotia, Canada. The key project is Copper Lake, consisting of 164 claims located 25 kilometers south of Antigonish, Nova Scotia. A vein controlled copper/gold system, Copper Lake has seen mining in the past and more recently, it has been the focus of advanced exploration by Minotaur Atlantic who have conducted soil sampling, prospecting, geophysics, drilling and trenching. Copper and gold has been confirmed in the system and the 2016 trenching program will focus on defining targets for a Phase II drill program. At Barneys River, Minotaur Atlantic has 99 claims covering previously defined gravity targets. Basic ground work will be conducted will be conducted in 2016.

Cardinal Capital will schedule a special meeting of the shareholders (the “Meeting”) to approve the Transaction. Additional financial information of Minotaur Atlantic will be delivered to the shareholders of the Company in the Management Information Circular for the Meeting.

As of the date of the Agreement, Minotaur Atlantic had 36,393,680 common shares outstanding. It is anticipated that Minotaur Atlantic will issue additional common shares and warrants exchangeable for common shares pursuant to additional private placement financings prior to completion of the Transaction. Under the terms of the Agreement, Minotaur Atlantic is required to complete a financing of a minimum of $750,000 prior to the completion of the Transaction.

Under the terms of the Agreement, the Transaction will be structured such that each Cardinal Capital shareholder will receive one (1) combined entity (“Amalco”) share for each two (2) Cardinal Capital shares owned and each Minotaur Atlantic shareholder will receive one (1) Amalco shares for each one (1) Minotaur Atlantic share owned. The total common shares outstanding upon closing of the Transaction, subject to any interim financings, will be 40,926,969 common shares with 36,143,680 common shares or 88% owned by the shareholders of Minotaur Atlantic and 4,783,289 common shares or 12% owned by the shareholders of Cardinal Capital. A deposit of $50,000 is payable by Minotaur Atlantic, including a $20,000 deposit paid on the execution of the definitive agreement and $30,000 payable upon receiving conditional approval from the TSXV to proceed with the Meeting to approve the Transaction.

Minotaur Atlantic is controlled by Chief Executive Officer and Director, PJ Cruickshank (“Cruickshank”) of Austin, Texas and Chief Operating Officer and Director, Gary Lohman (“Lohman”) of Mississauga, Ontario. The Board of Directors of Amalco will be comprised of four (4) individuals including Cruickshank (Chairman), a nominee from Cardinal Capital along with two independent directors nominated by Minotaur Atlantic. The officers of Amalco will be Cruickshank (CEO), Lohman (COO) and Chris Carmichael (“Carmichael”) (CFO and Corporate Secretary).

Carmichael has been the CEO and a shareholder of Cardinal Capital since April 2012 and the CFO and a shareholder of Cogonov Inc., Minotaur Atlantic’s former parent company, since May 2012. Minotaur Atlantic was spun out in the form of a dividend to the shareholders of Cogonov in May, 2016. Due to Carmichael’s share ownership of 2,362,633 common shares or 24.7% of Cardinal Capital and 2,000,000 common shares or 5.5% of Minotaur Atlantic, the Transaction constitutes a Related Party Transaction for the Company within the meaning of TSX Venture Exchange Policy 5.9 and of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Transaction is exempt from formal valuation requirement under Section 5.5 of MI 61-101 and is exempt from minority approval requirement under Section 5.7 of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for the Transaction, insofar as it involves Carmichael, exceeds 25 per cent of the Company’s market capitalization.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The Transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Cardinal Capital Partners Inc. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

About Minotaur Atlantic

Minotaur Atlantic is a private resource company focused on the exploration and development of copper and gold deposits in central Nova Scotia, Canada. The key project is Copper Lake, consisting of 164 claims located 25 kilometers south of Antigonish, Nova Scotia. At Barneys River, Minotaur Atlantic has 99 claims covering previously defined gravity targets.

For more information, please contact Mr. Chris Carmichael, CEO at (647) 225-4337.

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 release.

SOURCE: Cardinal Capital Partners Inc.

ReleaseID: 440814

TORONTO, ON / ACCESSWIRE / June 6, 2016 / Enerdynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company“) is pleased to announce that it has filed its consolidated interim financial statements, accompanying management’s discussion and analysis, and related officer certifications, for the three month period ended February 29, 2016.

On October 2, 2015, the Company announced that it is not in compliance with the requirements of Section 4.1 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102“) with respect to filing audited annual comparative financial statements given that the Company’s comparative financial statements as at and for the year ended November 30, 2013, as included in the November 30, 2014 audited annual financial statements (the “2014 Financial Statements“) had not been audited (the “Initial Default“).

As a result of the Initial Default, the Ontario Securities Commission (the “OSC“) granted (i) a permanent management cease trade order on October 28, 2015 in respect of the Company’s Chief Executive Officer and Chief Financial Officer at such time, (ii) a permanent management cease trade order on November 4, 2015 in respect of the Company’s former Chief Executive Officer, Mr. Roman Eder, and (iii) a permanent management cease trade on November 16, 2015 in respect of the Company’s interim Chief Financial Officer, Mr. David Prue (collectively, the “MCTOs“).

In addition to the Initial Default, and as a consequence of the delay in re-filing the 2014 Financial Statements, the Company failed to meet the following filing deadlines (the “Additional Defaults“): (i) March 29, 2016, in respect of the filing of its audited annual consolidated financial statements, accompanying management’s discussion and analysis, and the related officer certifications for the financial year ended November 30, 2015 (collectively, the “2015 Filings“); and (ii) April 29, 2016, in respect of the filing of its consolidated interim financial statements, accompanying management’s discussion and analysis, and the related officer certifications for the interim period ended February 29, 2016 (collectively, the “Q1 2016 Filings“). As a result of the Additional Defaults, the MCTOs remained in place, and the Company continued to be noted in default on the OSC public default list.

Further to the Company’s news releases, dated May 19, 2016 and June 3, 2016, the Company confirms that (i) it has re-filed the 2014 Financial Statements, which resolved the Initial Default, and (ii) it has completed the 2015 Filings, which resolved the Company’s default arising from its failure to meet the applicable filing deadline of March 29, 2016, in respect of the 2015 Filings.

In light of the foregoing, the Company is pleased to announce that the completion of the Q1 2016 Filings resolves the Company’s only outstanding default; accordingly, the OSC will revoke the MCTOs, following which, the Company will no longer be noted in default on the OSC public default list.

Copies of the 2014 Financial Statements, 2015 Filings, and Q1 2016 Filings are available electronically under the Company’s profile on SEDAR at www.sedar.com.

About EnerDynamic Hybrid Technologies

EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT’s core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT’s proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings.

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.

The statements herein that are not historical facts are forward–looking statements. Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

FOR FURTHER INFORMATION PLEASE CONTACT:

John Gamble
Director
(289) 488-1699
jgamble@ehthybrid.com
Company Website: www.ehthybrid.com

Stephanie Thompson
Administrative Assistant
(289) 488-1699
info@ehthybrid.com
Company Website: www.ehthybrid.com

SOURCE: Enerdynamic Hybrid Technologies Corp.

ReleaseID: 440812

TORONTO, ON / ACCESSWIRE / June 6, 2016 / Norvista Capital Corporation (TSXV: NVV) (“Norvista” or the “Company”) announces that it acquired, together with Norvista Capital I Limited Partnership (the “LP”), an aggregate of 750,000 units (the “Units”) of Minera Alamos Inc. (“Minera”) (TSXV: MAI) pursuant to a non-brokered private placement at a price of $0.10 per Unit. Each Unit was comprised of one common share and one-half (½) of one common share purchase warrant (each whole such warrant, a “Warrant”) of Minera. Each Warrant entitles the holder thereof to acquire one additional common share of Minera at a price of $0.15 at any time prior to June 3, 2019. The LP, which is managed by the Company, invests alongside Norvista on a pro rata basis in qualifying investments.

Prior to the transaction Norvista owned, together with the LP, 11,750,000 common shares of Minera representing approximately 18.8% of the issued and outstanding common shares of Minera. Upon completion of the transaction, the 12,500,000 common shares owned or controlled, directly or indirectly, by Norvista represent approximately 14.5% of Minera’s issued and outstanding common shares on a non-diluted basis, and approximately 23.0% on a partially-diluted basis (assuming exercise of Norvista’s and the LP’s convertible securities). Depending on market and other conditions, or as future circumstances may dictate, Norvista may from time to time increase or decrease its holdings of common shares or other securities of Minera.

This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take–Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in respect of this transaction will be available on Minera’s issuer profile on SEDAR at www.sedar.com.

For further information about Norvista or the LP contact:

Norvista Capital Corporation
141 Adelaide St. W., Suite 1660
Toronto, Ontario M5H 3L5
Tel: (416) 504-4171
Don Christie, President and CEO
dchristie@norvistacapital.com

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

SOURCE: Norvista Capital Corporation

ReleaseID: 440810

NEW YORK, NY / ACCESSWIRE / June 6, 2016 / EDCI Holdings, Inc. (OTC: EDCI) (the “Company” or “EDCI”), today announced that the Arizona Court of Appeals affirmed the decision of the Superior Court of Maricopa County in regards to the indemnity claim from the City of Phoenix against one of the Company’s subsidiaries. The Superior Court dismissed the claim because it was not brought within the eight-year period of repose.

However, the City of Phoenix has indicated it plans to further appeal the matter. Accordingly, the Company will not be evaluating a distribution until such time as that matter is resolved.

EDCI reminds its stockholders that effective January 25, 2013, EDCI has closed its transfer books. Since that time, certificates representing shares of our Common Stock are not assignable or transferable on the Company’s books except by will, intestate succession or operation of law, and the Company will not issue any new stock certificates, other than replacement certificates.
Transactions effected on the Pink Sheets or otherwise are not, accordingly, legally transfers of EDCI stock. Reference to the EDCI Pink Sheet trading ticker in this press release has been made in an effort to ensure the press release is made available on a website that the owners of EDCI stock as of January 25, 2013 have previously used to access updates on EDCI. EDCI is not otherwise undertaking to make any future information available, whether pursuant to any Pink Sheets / OTC Markets / or other disclosure standards.

About EDCI Holdings, Inc.

EDCI Holdings, Inc. (OTC: EDCI) is engaged in carrying-out its Plan of Complete Liquidation and Dissolution that was approved by EDCI’s stockholders on January 7, 2010.

CONTACT:

Matthew K. Behrent
Executive Vice President of Corporate Development
(646) 201-9549

SOURCE: EDCI Holdings, Inc.

ReleaseID: 440792

CORAL GABLES, FL / ACCESSWIRE / June 6, 2016 / Tech Stock Insider is issuing a report on four stocks to watch. HMNY, LCLP, VBLT, and CETX have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks, subscribe to our newsletter at TechStockInsider.com.

Helios and Matheson Analytics Inc. (HMNY) released a milestone announcement this morning that has sent the stock soaring during the Monday trading session. Shares of HMNY surged to highs of $10.00 before 3PM EST equating to a run of 800% from its opening price of $1.11. The company released press that stated it will plan to merge. The pending merger is subject to approval by the NASDAQ Stock Market, among other customary closing conditions. Find more information on HMNY’s trials here.

Tech Stock Insider has just released its first report of June. Download it Now.

Life Clips, Inc. (LCLP) announced this week that the company has signed a Retail Representative Agreement with Huey Long & Associates. Mr. Long has previous experience in sourcing products to major outlets and has sat in executive positions at companies like Wal-Mart, Sam’s Club, and Radio Shack. His previous experience also includes Global Sourcing and Retail Buying Operations at Amazon and Merchandise Manager and National Buyer at Circuit City. Since early May, shares of LCLP have increased as high as $0.76. Download Our Full LCLP Report Here 

Subscribe Now And Reserve A Spot To Receive Our First Alert of June. Get Your Free Membership Now.

Vascular Biogenics Ltd. (VBLT) announced this morning the presentation of updated clinical results from a Phase ½ trial of its VB-111 for the treatment of patients with recurrent platinum resistant ovarian cancer. “The demonstration of improved overall survival with the therapeutic dose, in combination with 60% durable response rate, is particularly impressive, given this trial focused on women with poor prognosis disease,” said Richard Penson, MD, MRCP, Associate Professor of Medicine, Harvard Medical School, Clinical Director of Medical Gynecologic Oncology, Massachusetts General Hospital, and Primary Investigator for this trial.

This news sparked a rally in the stock to highs of $7.58.

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Cemtrex Inc. (CETX) has also seen an increase in share volume and price on Monday. The stock rose to highs of $3.50 in continuation of its recent upswing in price. Since hitting lows of $1.92in late May, CETX has managed to see an increase in price by as much as 82% within just a few weeks. Today marks one of its highest share volume days it has had within the last 3 months. Excitement began after the company announced that it had completed the previously announced acquisition of a German electronics manufacturing company, Periscope Click Here to view the CETX chart.

Stay Informed and Up To Date On The first Tech Stock Insider alert of June. Download the Full Report Now.

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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 120 DAYS Beginning 5/4/2016. & ending 8/31/2016. 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 VBLT, HMNY, or CETX 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:

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news@TechStockInsider.com

SOURCE: Tech Stock Insider

ReleaseID: 440808

SEOUL, SOUTH KOREA / ACCESSWIRE / June 6, 2016 / LEO Motors Inc. (OTCQB: LEOM) (“LEO” or “Company”) has executed an agreement acquiring 50% ownership of Lelcon Co., Ltd. (“Lelcon”). Leo will issue 1,414,828 shares of its common stock at $0.30 per share in exchange for 50% equity in Lelcon. This all stock acquisition is consistent with the interests and goals of both LEO and Lelcon for future growth.

Lelcon has a proprietary connected car technology crucial in development of smart electric vehicles (EV’s). This strategic acquisition allows LEO to accelerate development of fleet EV management systems based on Internet of Things (IoT) and Artificial Intelligence (AI) platforms.

Lelcon’s system, branded as “AutoNsight”, is an On-Board diagnostic and controlling device that detects, reports, and controls the status of power system components including motors, controllers, transmission, ABS breaking system, and battery power packs, information and communication systems including on-board navigation, entertainment system, and a comfort system. Based on IoT platform, AutoNsight is connected through mobile internet. EV status can be remotely monitored and controlled in the control tower through computer based devices including note books, tablets and smart phones. AutoNsight is available for both EV and Internal Combustion Engine vehicles, and is compatible to Google Auto and Apple Car Play.

Dr. Shi Chul (Robert) Kang, CEO of Leo Motors, said “The acquisition of this strategic stake in Lelcon is an important step in developing connected smart EVs. Lelcon’s AutoNsight will reduce LEO’s time to market for our connected electric buses and electric delivery trucks. We will also enjoy significant savings in development costs. For our battery swapping system for fleet EV’s, we had continued to invest in the developing a mobile network based connected car system. Lelcon’s technology provides such mobile network based system with no need for further investment.”

Dr. Kang is an author of best-selling books in IoT and AL business. His book titled “Disruption – IoT Business Era” was one of the bestsellers in 2015, and he also published “AI network and Super Business” earlier this year.

Mr. Yun Ho Kim, CEO of Lelcon, commented, “Doing business with Leo Motors will provide us further development opportunity because Dr. Kang is a guru in IoT and AI businesses, and his expertise and insights gave us many ideas to articulate and expand the utilities of our solutions.”

“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.

For more information please call
Mike King 702 650 3000

SOURCE: LEO Motors Inc.

ReleaseID: 440804

NEW YORK, NY / ACCESSWIRE / June 6, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Perrigo Company plc (“Perrigo”) (NYSE: PRGO) between April 21, 2015 and May 11, 2016. This action is also brought on behalf of all investors in Perrigo common stock as of November 13, 2015, which was the deadline for Perrigo investors to tender their shares in connection with a tender offer made by Mylan N.V. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of New Jersey. To get more information go to: http://www.zlk.com/pslra/perrigo-company-plc 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.

The complaint alleges that Perrigo made false and/or misleading statements about its financial condition and growth prospects in an effort to convince shareholders to reject a merger proposal by Mylan N.V.

On April 8, 2015, Mylan N.V. offered to purchase Perrigo for $205 per share. Then on April 21, 2015, Perrigo rejected the offer and told investors that the offer undervalued Perrigo. Then on November 13, 2015, a majority of Perrigo’s shareholders declined to tender their shares, thus defeating Mylar’s tender offer. Since the defeat of this offer, Perrigo’s CEO has resigned, it has lowered its 2016 earnings guidance, and incurred a $185 million impairment charge related to its acquisition of Omega Pharma NV.

If you suffered a loss in Perrigo 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.

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, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, 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: 440805

NEW YORK, NY / ACCESSWIRE / June 6, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Target Corporation (“Target”) (NYSE: TGT) between February 27, 2013 and May 19, 2014 . You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Minnesota. To get more information go to: http://www.zlk.com/pslra/target-corporation 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.

The complaint alleges that throughout the Class Period, Target issued materially false and misleading information and/or failed to disclose adverse facts regarding its Canadian expansion, including that: (a) at the time of the opening of its first stores in Canada, Target had significant problems with its supply chain infrastructure, distribution centers, and technology systems, as well as inadequately trained employees; (b) these problems caused significant, pervasive issues, including excess inventory at distribution centers and inadequate inventory at retail locations; (c) these inventory issues forced Target to heavily discount products and incur heavy losses; and (d) these supply-chain and personnel problems were not typical of newly launched locations in Target’s traditional U.S.-based market.

On May 20, 2014, news outlets reported that Target had fired its president of Canadian operations, with an article in The New York Times referring to 2014 as “a year of public setbacks and damaging missteps…” for the Company.

If you suffered a loss in Target 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.

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, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, 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: 440806