MONTREAL, QC / ACCESSWIRE / April 28, 2017 / Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today announced its financial results and reviewed highlights for the year ended December 31, 2016. All amounts expressed are in Canadian dollars.

Financial Highlights:

Closing of $3.98M in private placement financing
Elimination of $500,000 worth of debt through exercise of conversion feature of convertible debenture
Total revenues of $58.1M
Net loss of $2.6M

Operating Highlights:

Establishment of holding subsidiary in Hong Kong and operating subsidiary in Shanghai
Strategic investment partnership with Zhonghai Wanyue Group (“ZHWY”) Chairman
Signing of raw material purchase order commitment agreements worth combined $600M
Launch of Gold River platform
Processing of first transactions on Gold River platform

Review of 2016:

2016 was a pivotal year for Peak in which the Company achieved several key milestones, all made possible by the closing of its $3.98M strategic investment partnership with ZHWY Chairman, Mr. Jiang Wang. That transaction ushered in a new era of financial stability for the Company and provided the resources to allow Peak to set the foundations of its operations in China. Always mindful for the need to eventually repatriate profits from its Chinese operations to Canada, the Company adopted a corporate ownership structure according to guidelines prescribed by the Chinese government to allow foreign owned parent companies of operating Chinese subsidiaries to repatriate profits made by their subsidiaries outside of China. The Company therefore created subsidiary holding companies in both Hong Kong and Shanghai prior to establishing its first operating subsidiary, Asia Synergy Technologies (“AST”), in Shanghai to manage its Gold River raw materials product procurement and financial services platform. Once created, AST was able to quickly secure a series of purchase order commitments for transactions to be processed through December 2017 approximately worth a combined $600M. Gold River was officially launched in Q3 2016 and went on to process $26M worth of orders that same quarter, which validated the demand for the services offered by the platform.

Following the launch of Gold River and after carefully studying the commercial lending space in China, the Company saw an opportunity to not only help buyers of raw materials with the financial assistance they needed through the Gold River platform, but to also potentially impact the commercial lending industry as a whole. After discussions with a handful of solution providers with products that could potentially make lending easier in China, the Company settled on a commercial lending solution developed by Canadian fintech company Cubeler Inc. (“Cubeler”). Discussion with Cubeler accelerated quickly, to the point where the Company was confident enough of an eventual agreement with Cubeler to begin formulating a model for commercializing the platform in China. While working the business model for the commercialization of Cubeler, the Company was presented with an opportunity to have its very own financial institution subsidiary, which would be able to assume the primary financial roles on both the Gold River and the Cubeler platforms and add a completely different dimension to the Company’s revenue potential. Having an affiliated financial partner as part of Gold River’s operations, meant that the Company would have to make a slight adjustment to AST’s business model. The adjustment implied that AST would now earn a slightly lower financing referral fee on Gold River and would have to postpone Gold River’s financing transactions until those financing opportunities could be referred the affiliated financial institution. This in turn meant that AST’s revenues for Q4 2016 would be less than originally projected.

Outlook for 2017:

Ever since the idea of having its own financial institution subsidiary began to circulate in Q4 2016, the Company began the process to find the right financial partners for a potential joint venture that would lead to the creation of that subsidiary, named Asia Synergy Financial Capital (“ASFC”). Considering the impact that ASFC is expected to have on the Company’s Chinese operations and its bottom line, a great deal of attention will be allocated by the Company’s management in 2017 to sign agreements with one or more financial partners to get ASFC established as quickly as possible. As of the date of this news release the Company was in discussions with a number of potential financial partners who had expressed an interest in making a direct investment in a joint venture transaction with the Company for the creation of ASFC.

Once it’s up and running, ASFC will be the only financial institution on Gold River, and as such will earn interest only on the credit it extends on the platform. However, things will be different on Cubeler as the platform is intended to have many other lenders who will be extending loans and credit on the platform along with ASFC. Under the Cubeler business model, Asia Synergy Data Solutions (“ASDS”), Peak’s newly created subsidiary and the platform operator, will charge and collect a 2% fee on all credit products offered on the platform. That fee will be shared between ASDS, ASFC and the insurance company providing insurance of the platform’s credit products. So in addition to earning interest on its own loans, ASFC will also earn a percentage of the value of every loan and credit product extended on the platform by all platform lenders. The more lenders on the platform, the more credit transactions facilitated by the platform, the more revenues ASFC will earn.

“We couldn’t be more excited about the prospect of owning our very own financial institution”, commented Johnson Joseph, President and CEO of Peak. “From the discussions that I’ve had with some investors since the release of our revised executive summary presentation, it would unfortunately appear that many of them are so focussed on our lower revised target revenues for AST that they fail to realize that the financial impact that ASFC is expected to have on the Company will more than offset AST’s reduced revenue targets. Hopefully, that will be clear once we publish our revenue targets for ASFC in a few weeks” concluded Mr. Joseph.

Fiscal 2016 financial results summary:

The Company generated $58,091,907 in the sale of raw material products in Fiscal 2016 ($36,400 in consulting revenues in Fiscal 2015). The transactions that contributed to the Company’s revenues and gross profit were limited to a specific category of transactions. Some purchase order transactions that would have required financing were postponed until such a time that ASFC would be in a position to provide the financing needed to complete the purchase orders. So the lower than expected gross margins realised by AST on the reported revenues can be attributed to the fact that transactions on which AST was expected to make higher profit margins did not happen in Fiscal 2016. On a cumulative basis, revenues generated were at $58,091,907 with a gross profit of $289,669 of compared to $36,400 for the same period last year.

Expenses (excluding the cost of sales) for fiscal 2016 amounted to $2,938,773, compared to $1,864,494 in 2015. If we exclude the non-recurring items such as impairment of loss of investments of $350,000 compared to $0 in 2015, $0 in impairment in goodwill in 2016 compared to $698,750 in 2015; $0 impairment of technology in 2016 compared to $491,084 in 2015, forgiveness of debt and extinguishment of debt of $196,452 in 2016 compared to ($524,801) in 2015 and gain in 2015 on contingent compensation payable of $230,000, the difference can be explained by an increase in salaries given the start of Chinese operations, consulting fees, public relations, rental expenses and travel. Finance costs went down in 2016 since some debentures were converted reducing de facto the interests costs.

The net loss for the year was $2,649,104 compared to $1,828,399 in 2015. Full details of the Company’s 2016 financial results can be found in the Audited Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the years ended December 31, 2016 and 2015, which are available at www.sedar.com.

Investor Conference Call:

Peak will hold a 30-minute investor conference call at 4:15pm (EST) on Monday May 8, 2017 to discuss the Company’s Q4 2016 financial results, the adjustment to its business model with the planned creation of a financial institution subsidiary, and its revenue targets for 2017. Those interested in attending the investor conference call can do so by dialing toll-free: 855-453-6961 and enter the passcode: 4569772. The conference call will be in a Q&A format, which will be preceded by a brief overview of the Company’s 2016 operational highlights. The Company’s investors are invited to submit their questions to investors@peakpositioning.com with the subject line: “Year-end 2016 Conference Call”. All questions received by 5:00pm (EST) Thursday May 4, 2017 will be answered during the call by the Company’s President and CEO, Mr. Johnson Joseph. Investors attending the call can also submit additional questions during the call via the Company’s Twitter or Facebook page which, time permitting, may also be answered during the call. The Company will then compile a list of the questions and answers covered during the call and post them on its website and Facebook page by 6:00pm (EST) Wednesday May 10, 2017.

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world’s fastest growing economy. For more information: http://www.peakpositioning.com

Contact information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com

SOURCE: Peak Positioning Technologies Inc.

ReleaseID: 461089

NEW YORK, NY / ACCESSWIRE / April 28, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against BofI Holding, Inc. (“BofI” or the “Company”) (NASDAQ: BOFI) and certain of its officers. The class action, filed in United States District Court, Southern District of California, and docketed under 17-cv-00667, is on behalf of a class consisting of investors who purchased or otherwise acquired BofI securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased BofI securities between April 28, 2016 and March 30, 2017, both dates inclusive, you have until June 2, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

BofI Holding, Inc. operates as the holding company for Bank of Internet USA. The Bank provides consumer and business banking products in the United States.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) BofI was engaged in unlawful conduct; (ii) the foregoing conduct, when it became known, would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (iii) as a result, BofI’s public statements were materially false and misleading at all relevant times.

On March 31, 2017, pre-market, the New York Post published an article entitled, “Feds probe Bank of Internet for possible money laundering,” disclosing that the Company was the subject of a probe led by the Justice Department and involving the Securities and Exchange Commission and the Treasury Department.

On this news, BofI’s share price fell $1.45, or 5.26%, to close at $26.13 on March 31, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 461058

NEW YORK, NY / ACCESSWIRE / April 28, 2017 / Pomerantz LLP is investigating claims on behalf of investors of Chicago Bridge & Iron Company N.V. (“CB&I” or the “Company”) (NYSE: CBI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether CB&I and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here to join a class action]

On June 17, 2014, Prescience Point published a report alleging that CB&I had erroneously accounted for its goodwill during 2013 to conceal losses related to issues with certain of the Company’s nuclear power projects.

On this news, CB&I’s share price fell $5.32, or 7.23%, to close at $68.26 on June 17, 2014. Additionally, between June 2014 and December 2014, CB&I’s share price continued to fall in response to further disclosures concerning the nuclear projects.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 461059

ORANGE COUNTY, CA / ACCESSWIRE / April 28, 2017 / A comparatively new concept in Internet
marketing—’social media footprint’ outlines the digital presence of legal entities and private persons across social media outlets. As platforms such as
Twitter, Facebook, LinkedIn, Instagram, and others are increasingly linked to our everyday lives it becomes inevitable for businesses to integrate these new and
effective marketing channels in promoting their brand, cultivating their reputation and directly communicating to a wider consumer audience. Successful serial
entrepreneur Nick Kohlscreiber discusses the importance of a social media footprint with respect to brand and reputation management and talks about ways businesses can maximize and improve their online presence.

Social Pilot reports that more than 2.5 billion people worldwide have active social media accounts, making social media platforms a unique and growing space for businesses to connect with their existing and potential audience. Not only does a social media footprint provide worldwide reach, it is also highly cost effective. According to ValuePenquin, maintaining a strong web presence may even get you approved for a business loan. Small business lenders such as Kabbage look into a company’s social media data when evaluating a loan application. Companies around the globe are rushing to generate presence on social media platforms such as Facebook, Snapchat, Instagram, Twitter and Pinterest in order to promote their brand and to develop strong foundational footprints. In this rush, what is often forgotten is the importance of managing and maintaining the content that shapes the reputation of the brand. Social media footprint, the trail that companies leave behind through various online channels, whether through a tweet proclaiming a political stance, an unanswered client request or a controversial image, could develop into a disadvantage over time if not managed carefully.

Nick Kohlschreiber further points out some crucial aspects to consider in maximizing a social media footprint. Posting online content is more effective when timing is calculated according to the hours when a target audience is most active online and when the content is customized according to the format of a particular social media platform. Differing platforms require distinct formats, best suited to engage users and to promote content sharing. The use of trending and industry-related hashtags helps to expand audience and to further promote a brand or message. It is important to deliver genuine, quality content which humanizes the brand and reflects its vision while maintaining a neutral tone and refrains from engaging controversial subjects.

Nick Kohlschreiber began his entrepreneurial career at the young age of 21 by launching a prosperous online wholesale store together with a friend. He later expanded on his success by exploring various other industries and developing a range of diverse companies involving student loan debt consolidation, call centers serving the gas and electricity industry, and low-cost long-distance call services among many others. An enthusiast for originality, Nick Kohlschreiber believes there is always room for innovation and urges employees and clients alike to “Think Big, Go Far.”

Nick Kohlschreiber – Expert in Modern Marketing: http://www.nickkohlschreibernews.com
Nick Kohlschreiber – The Relationship Between Marketing and Modern Technology: https://finance.yahoo.com/news/nick-kohlschreiber-relationship-between-marketing-012100851.html

Nick Kohlschreiber on Pinterest: https://www.pinterest.com/nkohlschreiber1/

Contact Information

NickKohlschreiberNews.com
www.NickKohlschreiberNews.com
contact@nickkohlschreibernews.com

SOURCE: Nick Kohlschreiber

ReleaseID: 461086

VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / Zinc One Resources Inc. (TSX-V: Z) (OTC PINK: ZZZOF) (FSE: RH33) (“Zinc One”) and Forrester Metals Inc. (“Forrester”) announce that Forrester has repaid its matured debt that was due on April 28, 2017 in the amount of $910,225, which amount includes the portion of the 12% convertible debentures that were not converted to shares under the Plan of Arrangement and two shareholder loans. The funds to repay these matured debts were advanced by Zinc One pursuant to the terms of a short term loan agreement to provide bridge funds in advance of closing of the Plan of Arrangement. The loan has a maturity date of August 31, 2017 with interest compounded at an annual rate of 2%. Zinc One and Forrester plan to close the Plan of Arrangement in early May once the $10,000,000 Zinc One private placement financing has closed and regulatory approvals have been received. The Plan of Arrangement between Forrester and Zinc One was overwhelmingly approved by Forrester shareholders and the Ontario Superior Court of Justice issued a final order approving the transaction (see press releases of April 24, 2017 and April 27, 2017).

About Zinc One Resources Inc.

Zinc One is a Vancouver based company focused on the acquisition, exploration and development of prospective and advanced zinc projects. Zinc One believes in the current and future fundamentals of the zinc supply and demand scenario and the continued growing demand for zinc in global industrial uses.

About Forrester Metals Inc.

Forrester Metals is a Canadian mining company focused on the exploration and development of Peru’s mineral potential. Forrester has six projects including two zinc properties, Azulcocha West and the Bongará Zinc Mine and the Charlotte Bongará Zinc Project.

For more information, please contact:

James Walchuck, CEO and President of Zinc One at (604) 683 0911 or info@zincone.com
Bill Williams, CEO of Forrester at (416) 364 7739 or bwilliams@forrestermetals.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Each of Zinc One and Forrester cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to each of Zinc One and Forrester’s limited operating history, ability to complete the proposed Transaction (including obtaining all necessary shareholder and regulatory approvals), ability to close the Private Placement Financing and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, neither Zinc One nor Forrester undertakes no obligation to publicly update or revise forward-looking information.

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

SOURCE: Zinc One Resources Inc.

ReleaseID: 461087

DALLAS, TX / ACCESSWIRE / April 28, 2017 / In the property development sector, it is equally important to provide a superior place to live in with comfort of stunning interior features and on-site amenities along with peace and quiet of high-end apartments, notes Marcus Hiles, Founder and CEO of Western Rim Property Services. Which is why all new Western Rim developments are now constructed using strategic, proven soundproofing methods that ensure residents a quiet home, minimizing the noise of surrounding neighbors.

The desire for a more peaceful environment in existing properties is increasing in cities across the U.S., as professional soundproof technicians are now “busier than ever as consumers search for quiet,” according to the New York Times. An innate issue of dense, vertical apartment properties is the constant noise from surrounding units being heard in others. Music, footsteps, and even chatter all have the tendency to bleed through floors and walls, creating a disturbance to adjacent neighbors. Hiles’ strategy involves implementing effective soundproofing methods as new apartments are being constructed, eliminating any potential sound issues from the outset. All new Western Rim projects feature double-thick walls between homes, and 18 inches between floors. Remaining space between walls and floors is completely filled with cellulose, an efficient, optimal sound-muffling material when compared to the standard fiberglass insulation that other developers utilize. This proactive approach creates an ideal living space, giving residents a noise-free home for both themselves and surrounding neighbors.

Marcus Hiles has established a reputation for constructing upscale suburban communities in close proximity to major urban centers throughout Texas. Resort-style amenities, and modern, spacious floor plans produce a unique sense of refinement and luxury. Open green spaces, exercise facilities, natural landscapes, public and private parks, and access to championship golf courses all help to create a communal atmosphere among residents. The solace and enhanced privacy inside each apartment unit is a fitting complement to these features, providing a true refuge from the outside world. In addition to soundproofing, the materials and methods used serve another purpose as well, helping to reduce carbon emissions and overall energy costs — an important goal of Hiles for each property.

Marcus Hiles is Chairman and CEO of Western Rim Property Services, a real estate development company managing over 15,000 luxury residential rental homes, townhomes, and apartments throughout the largest urban areas in Texas. Since 1990, Hiles has changed the landscape of the Lone Star State by routinely building affordable and innovative high-end properties, each offering an exclusive home experience that strikes a fine balance between the most desirable traits of both city and suburban living. A renown philanthropist and son of an inner-city minister, Marcus Hiles consistently provides significant financial contributions and land donations that support the betterment and growth of Texas public parks, lakes, and streams, while also assisting many social and educational programs that help the disadvantaged in all aspects of life.

Marcus Hiles – Chairman & CEO of Western Rim Property Services: http://www.MarcusHiles-News.com
Marcus D Hiles Founder Of Texas based Western Rim Property: http://www.marcusdhiles.com
Marcus D Hiles- Real Estate Entrepreneur- marcusdhiles.us:
http://www.marcushilesdallas.com

Contact Information

MarcusHiles-News.com
www.MarcusHiles-News.com
marcus@marcushiles-news.com

SOURCE: Marcus Hiles

ReleaseID: 461084

VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / LED Medical Diagnostics Inc. (“LED Medical” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2016, reported in United States dollars and in accordance with International Financial Reporting Standards (“IFRS”). The Company’s results are presented in comparison to the fourth quarter and full year ended December 31, 2015. All balances are expressed in United States dollars unless otherwise stated.

“LED experienced a decline in revenue in fiscal 2016 of $10.2 million from $13.1 million in the prior fiscal 2015, which is partially attributable to the Company experiencing cash constraints in late fiscal 2016 that hindered its ability to purchase inventory in order to capitalize on sales opportunities during the height of seasonality for capital equipment purchases in the US dental market. This was addressed by the Company’s recent capitalization initiatives tied to the acquisition of Apteryx Inc. in early fiscal 2017,” commented Company CEO Dr. David Gane. “The integration of Apteryx into our business is going well and we anticipate a positive impact on financial performance over the balance of the year due to our newly expanded customer base and software product offerings at higher gross margins.”

Financial Highlights

LED Medical reported revenue of $10.2 million as compared to the prior fiscal year revenue of $13.1 million, and revenues for the three months ended December 31, 2016 of $1.9 million.

Three-Month Comparative Results

The Company reported revenue of $1.9 million for the three months ended December 31, 2016 which is down 67% compared to $5.6 million for the three months ended December 31, 2015 and 25% lower compared to $2.5 million for the three months ended September 30, 2016. Net loss was $1.39 million for the three months ended December 31, 2016, as compared to a net loss of $1.1 million for the three months ended December 31, 2015. Inclusive of accounting adjustments, the Company’s calculated gross margin2 was 14% for the three months ended December 31, 2016, as compared to 29% in the three months ended December 31, 2015. Total operating expenses for the three months ended December 31, 2016 were $1.52 million as compared to $2.55 million for the three months ended December 31, 2015. Core operating expenses3 (excluding stock-based compensation, deferred share unit compensation and other operating expenses) for the three months ended December 31, 2016 were $1.4 million, as compared to $2.4 million for the three months ended December 31, 2015.

Twelve-Month Comparative Results

The Company reported revenue of $10.2 million for the year ended December 31, 2016 which is down 22% compared to $13.1 million for the year ended December 31, 2015. Net loss was $5.4 million for the year ended December 31, 2016 as compared to a net loss of $5.2 million for the year ended December 31, 2015. Gross margin2 was 24% for the year ended December 31, 2016, a decrease from 27% in the year ended December 31, 2015. Total operating expenses for the year ended December 31, 2016, were $7.0 million as compared to $8.8 million for the year ended December 31, 2015. Core operating expenses3 (excluding stock-based compensation, deferred share unit compensation and other operating expenses) for the year ended December 31, 2016 were $7.0 million, as compared to $8.3 million for the year ended December 31, 2015.

Business Highlights, Financial Statements and Management’s Discussion & Analysis

On Feb 13, 2017, LED Medical Diagnostics announced the closing of the acquisition of Apteryx, Inc. (Apteryx), an Ohio-based imaging software company, for an aggregate purchase price of US$10.25 million. Through a combination of debt and equity, the Company successfully raised gross proceeds totaling approximately C$14.4 million with which to make the acquisition.

“These two related transactions provided LED a needed re-capitalization of its business as well as the addition of a new profitable business unit expected to transform the Company in 2017,” commented LED CEO Dr. David Gane. “The revenue decrease in 2016 is largely attributed to the Company’s low available cash position at September 30, 2016 and resultant inability to purchase inventory to take advantage of Q4 sales opportunities during the height of sales seasonality,” added Dr. Gane.

Gross Margins in Q4 2016 were abnormally low due to lower margins on imaging sales due to year-end competitive pricing pressures and a significant year-end inventory adjustment.

Please see the audited consolidated financial statements and related Management’s Discussion & Analysis (“MD&A”) for more details. The audited consolidated financial statements for the year ended December 31, 2016 and related MD&A have been reviewed and approved by the Company’s Audit Committee and Board of Directors. The Company has prepared this truncated news release to alert investors to its results and that a more detailed explanation and analysis is readily available in the MD&A. These reports have been filed on SEDAR at www.sedar.com and also posted to www.ledmd.com.

Non-IFRS Measures

The following and preceding discussion of financial results includes references to Gross Margin and Core Operating Expenses, which are non-IFRS financial measures. The measure of gross margin is provided as management believes this is a good indicator in evaluating the operating performance of the Company. EBITDA is defined as net loss and comprehensive loss and excludes interest; income taxes; depreciation; amortization; finder’s warrants issuance costs; stock-based compensation; deferred share unit compensation; mark to market adjustments on Canadian dollar denominated warrants; foreign exchange gain or loss; and other income. The measure of working capital is provided as management believes this is a good indicator of the operating liquidity available to the Company.

About LED Medical Diagnostics Inc.

Founded in 2003 and headquartered in Vancouver, British Columbia, Canada, LED Medical Diagnostics Inc., through its wholly-owned subsidiaries LED Dental Inc. and LED Dental Ltd, provide dentists and oral health specialists with advanced diagnostic imaging products and software, in addition to the award-winning VELscope® Vx tissue fluorescence visualization technology. Backed by an experienced leadership team and dedicated to a higher level of service and support, LED Dental is committed to providing dental practitioners with the best technology available by identifying and adding leading products to its growing portfolio.

The Company is currently listed on the TSX Venture Exchange (TSX-V) under the symbol “LMD”, the OTCQB under the symbol “LEDIF”, as well as the Frankfurt Stock Exchange under the symbol “LME”. For more information, call 844.952.7327 or visit www.leddental.com/investor-relations.

Investor Relations:

Bristol Capital
Glen Akselrod
Phone: 905-326-1888 x10
Email: glen@bristolir.com

Media Contact:

LED Dental
Chris Koch
Phone: 678.293.9413
Email: chris.koch@leddental.com

Corporate Contact:

LED Medical
David Gane, CEO
Phone: 604-434-4614 x227
Email: david.gane@leddental.com

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.

Forward Looking Statements

This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information under applicable Canadian securities legislation that involve risks and uncertainties. Such forward-looking statements or information include statements regarding, but not limited to the Company’s future growth strategy, its distribution strategy and product offerings, potential expansion of the Company’s technology to other medical applications or markets, or the potential introduction of new technologies by the Company. Persons reading this press release are cautioned that such statements or information are only predictions, and that the Corporation’s actual future results or performance may be materially different. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to competition risks, distributor risks, product development risks such as regulatory, design, intellectual property and other factors described in the Corporation’s reports filed on SEDAR including its Annual Information Form and financial report for the year ended December 31, 2016. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

1 EBITDA or Earnings before Interest, Taxes Depreciation and Amortization is a non-IFRS measure that does not have a standardized meaning and may not be comparable to a similar measure disclosed by other issuers. This measure does not have a comparable GAAP measure. EBITDA referenced here relates to net loss and comprehensive loss and excludes interest, income taxes, depreciation, amortization, finder’s warrants issuance costs, stock-based compensation, deferred share unit compensation, mark to market adjustments on Canadian dollar denominated warrants, foreign exchange gain or loss and other income. This measure does not have a comparable IFRS measure and is used by the Company to manage and evaluate the cash operating loss of the business.

2 Gross margin is a non-IFRS measure that does not have a standard meaning and may not be comparable to a similar measure disclosed by other issuers. Gross margin referenced here relates to revenues less cost of sales. This measure does not have a comparable IFRS measure and is used by the Company to manage and evaluate the operating performance of the Company.

3 Core operating expense is a non-IFRS measure that does not have a standardized meaning and may not be comparable to a similar measure disclosed by other issuers. This measure does not have a comparable IFRS measure. Core operating expense includes sales and marketing, research and development and administration expense. The Company believes that the inclusion of this no-IFRS measure financial measure provides investors with an alternative presentation useful to investors’ understanding of the Company’s core operating results and trends.

SOURCE: LED Medical Diagnostics Inc.

ReleaseID: 461083

VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / Vendetta Mining Corp. (TSXV: VTT) (“Vendetta” or the “Company”) is pleased to announce that it has closed an oversubscribed private placement announced on April 10th, 2017 (and revised April 24th, 2017). The Company issued a total of 21,191,095 units at a price of $0.20 per unit for gross proceeds of $4,238,219; each $0.20/unit comprises one common share and one-half of one common share purchase warrant exercisable for two years at a price of $0.30 subject to certain acceleration terms.

Net proceeds from the financing will be used for the 2017 resource development program at the Company’s Pegmont lead-zinc deposit in Queensland, Australia and general working capital. A more detailed description of the 2017 planned program is contained in the April 10th news release.

Total commissions of $131,716 were paid and 667,780 finders warrants were issued associated with the proceeds of this private placement.

About Pegmont

The Pegmont lead-zinc-silver deposit is located in North West Queensland Mineral Province, 175 km south-east of the major mining centre of Mount Isa, and 25 km west of South32’s world class Cannington silver-lead-zinc operation and 28 km north of Chinova Resources’ Osborne and Kulthor copper-gold operations. It is proximate to infrastructure including roads, rail, and natural gas for power generation.

Pegmont is a multiple lens, stratiform Broken Hill style deposit that outcrops with an overall shallow dip to the south east and is hosted in a magnetite rich banded iron formation within high grade metamorphic rocks. The Company has, through its programs confirmed Zone 5 is an area of higher grade zinc and multiple mineralized horizons. The project consists of three granted mining leases and two exploration permits that cover an area of approximately 3,468 ha.

About Vendetta Mining Corp.

Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a 100% interest by completing certain work requirements and making option and advance royalty payments. Additional information on the Company can be found at www.vendettaminingcorp.com

Qualified Person

Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a non-independent qualified person as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this press release, and consents to the information provided in the form and context in which it appears.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams
President & CEO
(604) 484-7855

Forward Looking Information

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

Disclaimer

All statements within, other than statements of historical fact, are to be considered forward looking. Although Vendetta Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: the completion of the full exploration program for which the use of proceeds is geared toward, the accuracy of exploration results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the forgoing ability to finance further exploration, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release and as such, accepts no responsibility for the adequacy or accuracy of this release.

SOURCE: Vendetta Mining Corp.

ReleaseID: 461082