LOS ANGELES, CA / ACCESSWIRE / July 29, 2016 / Lundin Law PC (the “Firm”) announces that a class action lawsuit was filed against TransEnterix, Inc. (“TransEnterix” or the “Company”) (NYSE MKT: TRXC) concerning possible violations of federal securities laws between February 10, 2016 and May 10, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the August
1, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

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

The complaint alleges that TransEnterix made false and misleading statements and/or failed to disclose that there were deficiencies within the Company’s 510(k) submission regarding the SurgiBot that undermined the likelihood that the SurgiBot would receive clearance from the Food and Drug Administration, which would leave TransEnterix unable to commercialize the SurgiBot in 2016, and would impair its ability to obtain approval for and commercialize its other robotic surgery platform in the United States.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

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

Contact:

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

SOURCE: Lundin Law PC

ReleaseID: 443028

MONTREAL, QC / ACCESSWIRE / July 29, 2016 / Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) (the “Issuer”) wishes to supplement its news release of May 31, 2016 regarding its non-brokered private placement of 199,000,000 units (the “Units”), each consisting of one common share in the capital of the Issuer (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), at a price of $0.02 per Unit for gross proceeds of $3,980,000 (the “Private Placement”). One of the subscribers under the Private Placement, Mr. Jiang Wang, elected to subscribe as agent in connection with a portion of the Warrants to be issued under the Private Placement and instructed the Issuer, on closing of the first tranche of the Private Placement completed on May 31, 2016, to postpone the issuance of 68,000,000 of the Warrants until a later date.

On June 30, 2016, Mr. Wang instructed the Issuer to issue a portion of the above-noted Warrants to third parties and a portion to himself, as a second tranche closing of the Private Placement (the “Second Tranche”). As part of the Second Tranche, Messrs. Wang and Liang Qiu (the “Insiders”) acquired direct ownership, as principals under those subscriptions, of 20,000,000 Warrants and 32,000,000 Warrants, respectively.

Each Warrant issued under the Second Tranche entitles the holder to acquire one Common Share at an exercise price of $0.05 until June 30, 2018.

Following the closing of the Second Tranche, the Issuer had a total of 406,434,164 Common Shares issued and outstanding.

Mr. Wang acquired direct ownership of 20,000,000 Warrants, representing 4.69% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis. Prior to the issuance of the Warrants, Mr. Wang was deemed to have direct ownership of 200,000,000 Common Shares (including securities convertible into 100,000,000 Common Shares), representing 40.34% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis. Following the issuance of the Warrants, Mr. Wang is deemed to have direct ownership of 220,000,000 Common Shares (including securities convertible into 120,000,000 Common Shares), representing 41.79% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis and a 1.45% increase to Mr. Wang’s deemed securityholding percentage of Common Shares.

Mr. Qiu acquired direct ownership of 32,000,000 Warrants, representing 7.30% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis. Prior to the issuance of the Warrants, Mr. Qiu was deemed to have direct ownership of 54,000,000 Common Shares (including securities convertible into 27,000,000 Common Shares), representing 12.77% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis. Following the issuance of the Warrants, Mr. Qiu is deemed to have direct ownership of 86,000,000 Common Shares (including securities convertible into 59,000,000 Common Shares), representing 18.48% of the Issuer’s issued and outstanding Common Shares on a partially diluted basis and a 5.71% increase to Mr. Qiu’s deemed security holding percentage of Common Shares.

The Warrants were acquired by the Insiders for investment purposes. Depending upon the circumstances, the Insiders may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer previously acquired.

Early warning reports of the Insiders (the “Early Warning Reports”) containing additional information with respect to the foregoing matters will be filed under the Issuer’s SEDAR profile at www.sedar.com.

Further information or copies of the Early Warning Reports may be obtained by contacting:

Peak Positioning Technologies Inc.
550 Sherbrooke Street West
West Tower, Suite 250-A
Montreal, Quebec H3A 1B9
Contact: Johnson Joseph, CEO
Tel: 514-340-7775
Email: info@peakpositioning.com

SOURCE: Peak Positioning Technologies Inc.

ReleaseID: 443026

VANCOUVER, BC / ACCESSWIRE / July 29, 2016 / Dolly Varden Silver Corporation (TSX.V: DV | OTC: DOLLF) (the “Company” or “Dolly Varden”) has granted a total of 1,000,000 share purchase options to directors and members of the Company’s executive and technical team. Each share purchase option entitles the holder to purchase one common share in the capital of the Company at a price of $0.75 per common share expiring five years from the date of grant. The grant of stock options was made in accordance with the Company’s January 2012 share option plan.

About Dolly Varden – Dolly Varden Silver Corporation is a mineral exploration company focused on the exploration of the Dolly Varden silver property located in northwestern British Columbia, Canada. The entire Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Company’s common shares are listed and traded on the TSX Venture Exchange under the symbol DV and on the OTCBB system under the symbol DOLLF.

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

Contact Information:

Dolly Varden Silver Corporation
Rosie Moore, Interim CEO and President
1-604-925-5881

SOURCE: Dolly Varden Silver Corporation

ReleaseID: 443025

TORONTO, ON / ACCESSWIRE / July 29, 2016 / Data Deposit Box Inc. (CSE: DDB) (OTC: DDBXF) (FSE: 2DD) (the “Company”), a global provider of cloud backup and recovery technology, is pleased to announce a significant increase in partner and client accounts and the engagement of two new Business Executive Development heads to lead NAS sales initiative.

Data Deposit Box has focused company growth by working with Managed Service Providers (known as the MSP) and with Managed Service Partners (known as channel partners). Within the first two quarters Data Deposit Box has attended seven (7) channel partner shows within the US and Canada to drive brand awareness and partner subscriptions. Based on the Company’s new targeted approach to the market and in-show success Data Deposit Box has seen a substantial increase in subscriptions in June when compared to the previous month. Our month increase has seen a 340% increase when compared to May and a 200% increase when comparing Q2 against Q1 of 2016.

“Over the past 12 months we have focused our business and product line to address a massive gap in the SMB business continuity market. Although Data Deposit Box has pioneered this industry for over 15 years, the MSP and partner channel is a new opportunity we launched less than 12 months ago,” says Troy Cheeseman, President of Data Deposit Box. Tim Jewell, Found & CEO of Data Deposit Box adds, “Over the past seven (7) shows we have seen incredible interest in our solution and that was validated by winning four (4) channel awards against some of the biggest Cloud and Storage providers in the industry. We are now beginning to see the results of this recognition with the increase in created partner and client accounts. Our hard work is starting to pay off with this increase and positive growth.”

Data Deposit Box announced a strategic partnership with Berlin based O&O Software GmbH in April to bring the Company’s flagship NAS BMR product to market. The product was launched with an exclusive presale promotional event in May and the Company’s continue to work together to strengthen its product and enhance its features.

“Data Deposit Box is excellently positioned within the market and with new integrated services, easy adoption and implementation to meet the varied data protection needs of SMB and SME businesses worldwide,” said Olaf Kehrer, Managing Director and Co-Founder of O&O Software GmbH. “Managed Service partners and providers alike will be able maximize their margin and reoccurring revenue streams by partnering with DDB. O&O Software GmbH is very pleased to play a role as a key technology partner.”

In addition to the account growth, Data Deposit Box have confirmed the hires of two new Business Development Executives. Commencing in early July, the new Business Development Executives have begun sales onboarding and plan execution for Data Deposit Box products and services. Each new representative is bringing several years of business development experience to the company. Data Deposit Box has also engaged In the Funnel Sales Consulting for development of the Company’s sales strategy and to provide senior sales management leadership and mentoring for the two new roles.

“Data Deposit Box has a perfect data continuity solution for the true Small to Medium Business market. After the first launch of the company’s new products and after the channel partner shows from Q1, both DDB wanted to accelerate their sale and marketing strategy; this is where In the Funnel will help,” says Mark Cox, Managing Partner at In the Funnel. Tim Jewell states, “Soon after we met Mark from In the Funnel, Troy and I knew we had found the right partner to bolster and accelerate our sales and marketing plans. Mark and his team will provide the senior sales mentoring and guidance required to see success of our enhanced go-to-market strategy.”

About Data Deposit Box

Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry standard by providing the SMB market with the same level of security and protection that is available to large enterprises. Data Deposit Box patented backup technology, known for its Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious industry awards and has been featured in many key industry publications.

Data Deposit Box technologies and solutions are currently used daily by over 1,000 resellers, 25 MSPs and private label partners for online backup and recovery, archiving, disaster readiness, secure file sharing and remote access.

Investor Inquiries

W. Clark Kent
Corporate Development
Telephone: 647-519-2646
Email: ckent@currentmca.com

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE: Data Deposit Box Inc.

ReleaseID: 443024

OTTAWA, ON / ACCESSWIRE / July 29, 2016 / Plaintree Systems Inc. (Plaintree, traded on CSE under the symbol NPT).

Fiscal 2016 Results

Plaintree announced today that it has released its audited consolidated financial statements and related management discussion and analysis for the twelve months ended March 31, 2016.

During fiscal 2016, Plaintree realized revenues of $15,746,175 down from $19,318,783 in fiscal 2015 and a net loss of $2,258,584 compared to a net loss of $401,351 in fiscal 2015. The notes to the financial statements and Management Discussion and Analysis for the period ended March 31, 2016 contain comments from management regarding the ability of Plaintree to continue as a going concern if certain risk factors come to be (see Section 2(d) of the notes to the financial statements and the section entitled “Outlook – Going Concern” in the Management Discussion and Analysis).

For more information on these results, please refer to Plaintree’s annual 2016 financial statements together with the related Management’s Discussion and Analysis report, copies of which can be obtained from the Company’s website at www.plaintree.com and/or under Plaintree’s name at www.sedar.com.

About Plaintree Systems

Plaintree has two diversified product lines consisting of Specialty Structures and Electronics.

The Specialty Structures Division includes the former Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, free form structures, barrel vaults, space frames and industrial dome coverings, Arnprior Fire Trucks Corp., a manufacturer of high end fire and emergency vehicles, Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders and the recently acquired Madawaska Doors, a design and manufacturer of premium solid wood doors.

The Electronics Division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Plaintree free space optics (FSO) businesses. Plaintree’s FSO systems transmit data at high speeds using beams of light instead of traditional radio frequency which can suffer from congestion. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production.

Plaintree’s shares are traded under the symbol “NPT”. Shareholders and Investors can access Company information on CSE’s website and receive full Company disclosure monthly. For more information on Plaintree or to receive stock quotes, complete with trading summaries, bid size and ask price, brokerage house participation, insider reports, news releases, disclosure information, and CSE and SEDAR filings, visit the CSE website at www.cnsx.ca or the Company’s website at www.plaintree.com.

Plaintree is publicly traded in Canada on the CSE (NPT) with 12,925,253 common shares and 18,325 class A preferred shares outstanding.

This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company’s products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the company’s business, please refer to documents filed by the company with the Canadian regulatory authorities, including the annual report of the Company for the fiscal year ended March 31, 2016 and related management discussion and analysis.

Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

For further information:

(613) 623-3434 x2261

SOURCE: Plaintree Systems Inc.

ReleaseID: 443022

NEW YORK, NY / ACCESSWIRE / July 29, 2016 / Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against Ruckus Wireless, Inc. (“Ruckus”) (NYSE: RKUS). The class action has been filed in the United States District Court, Northern District of California, on behalf of a class consisting of all persons or entities who purchased Ruckus common stock on April 28, 2016, in connection with the proposed acquisition of Ruckus by Brocade Communications Systems, Inc. (“Brocade”).

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”).

Ruckus Wireless, Inc. is a global supplier of advanced wireless systems for the mobile internet infrastructure market. The company is headquartered in Sunnyvale, California.

On April 4, 2016, Ruckus and Brocade publicized its definitive merger agreement (the “Merger Agreement”) in which Ruckus would be acquired by Brocade for $6.45 per share and 0.75 shares of Brocade common stock per Ruckus share (the “Proposed Acquisition”) via and exchange offer (the “Exchange Offer”). On April 29, 2016, Stallion initiated The Exchange Offer, pursuant to the Merger Agreement, and expired on May 27, 2016. Following the completion of the Exchange Offer, Stallion merged with and into the Company (the “Merger”), and Ruckus became a wholly owned subsidiary of Brocade.

The complaint alleges that Brocade has assured different and increased consideration to the Individual Defendants in violation of §14(d)(7) of the 1934 Act and Rule 14d-10. Additionally, the complaint alleges that the Solicitation/Recommendation Statement on Schedule 14D-9 filed by the Defendants with the SEC on April 29, 2016 (“14D-9”) contains material omissions and/or misstatements in contravention of §14(e) of the 1934 Act. The 14D-9 that endorses Ruckus shareholders to tender their shares to Brocade, includes material omissions and/or misstatements concerning the potential and/or actual conflicts of interest present in the process leading to the Proposed Acquisition, Ruckus’ true value, and the equality analyses performed by Ruckus’ financial advisor. The exclusion of this material information prevented Ruckus shareholders from making a fully informed decision in regards to Exchange Offer and whether to tender their shares.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action please visit the firm’s site: http://www.bgandg.com/#!rkus/ars18 or contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz 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 Ruckus you can 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 Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 443023

VANCOUVER, BC / ACCESSWIRE / July 29, 2016 / CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT”) reports that Mr. Toby Chu has been appointed as Chairman, in addition to his positions as President and Chief Executive Officer, in place of Dr. David Hsu who will serve as Vice Chairman.

About CIBT Education Group:

CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S. on the OTCQX International, CIBT owns and operates a network of business, technical and language colleges in North America and Asia. CIBT offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 8,300 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Vancouver International College, CIBT School of Business China, and Global Education Alliance Recruitment Centers at various overseas countries. Through these subsidiaries, CIBT offers recognized and approved business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance and Global Education City Holdings Inc. Global Education Alliance recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net, www.studenthotel.ca and watch our corporate video at http://cibt.net/about/.

Toby Chu
Chairman, President & CEO
CIBT Education Group Inc.

Investor Relations Contact: 1-604-871-9909 extension 318 or | Email: info@cibt.net

SOURCE: CIBT Education Group Inc.

ReleaseID: 442938

NEW YORK, NY / ACCESSWIRE / July 29, 2016 / Levi & Korsinsky announces it has commenced an investigation of Patterson Companies, Inc. (NASDAQ: PDCO) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to:

http://zlk.9nl.com/patterson-companies-pdco

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

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

CONTACT:

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

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 443021