Monthly Archives: April 2017

Source Financial, Inc. Changes Name to Alltemp, Inc. and Completes Merger with CSES Group, Inc.

Alltemp’s Proprietary Refrigerant Technology is Positioned as the World’s Leading Environmentally Sustainable and Efficient Universal Solution

SANTA MONICA, CA / ACCESSWIRE / April 27, 2017 / Alltemp, Inc. (OTCQX: LTMP) (the “Company”), today announced the closing of its merger with CSES Group, Inc. and becomes the leading developer of proprietary environmentally friendly refrigerant technologies.

Pursuant to the Definitive Merger Agreement on January 24, 2017, the Company agreed to issue to the shareholders of CSES Group, Inc. 127,045,969 shares of the Company’s Common Stock and issue to the holders of (a) warrants to purchase CSES Common Stock, warrants to purchase an aggregate of 18,409,680 shares of the Company’s Common Stock, (b) options to purchase CSES Common Stock, options to purchase an aggregate of 31,961, 200 shares of the Company’s Common Stock, and (c) a convertible note of CSES, a promissory note of the Company in the principal amount of $100,000 convertible into approximately 535,681 shares of the Company’s Common Stock.

Upon the closing of the Merger, pursuant to the Merger Agreement, Edward C. DeFeudis has resigned as a director and officer of the Company, Robert Davis was appointed Chairman of the Board of Directors, William Lopshire was appointed to the Board of Directors and Chief Executive Officer and Kjell Nesen was appointed to the Board of Directors and Chief Operating Officer.

The Company has successfully completed two years of early adopter testing of its alltemp® refrigerant at several Fortune 100 companies’ facilities for its Montreal and Kyoto Protocol compliant refrigerant. Additionally, the test results revealed that alltemp® yielded significant average savings in energy consumption while maintaining capacity. As the world rapidly phases out HCFCs and R-22 refrigerant, the demand for compliant refrigerants like alltemp® are dramatically accelerating in this $20 Billion global annual market.

Alltemp has raised more than $4.5 million dollars to: 1) increase manufacturing capacity of alltemp® refrigerant to 5 million pounds per month at its 12,000 sqft manufacturing facility in Oregon; 2) expand its product line; and 3) hire a worldwide sales force to market its line of products.

“As the leaders in the green refrigerant movement, we believe leveraging the US public markets will allow us to more effectively promote the company’s revolutionary products and increase our probability of success. Additionally, based on the great success demonstrated in the early adopter programs, the market opportunity is significant, in terms of economic scale and environmental scope. .

We look forward to promoting the test results of alltemp®, the preeminent green universal refrigerant. To further this effort, we plan to deploy a top class marketing program to realize rapid market penetration and long-term growth,” said William Lopshire, Alltemp Inc, CEO.

For alltemp® sales inquiries, please contact Hans Vollers, of Alltemp Inc., at (855) 687-4867.

About Alltemp, Inc.

Alltemp, Inc. developed a proprietary refrigerant technology, after years of research and development, called alltemp®, a proven replacement for many worldwide refrigerants that have detrimentally affected the global environment. alltemp®,’s refrigerants are environmentally friendly, sustainable, and cost-efficient energy solutions for the residential and commercial marketplace. alltemp® refrigerants have broad applications, ranging from Heating Ventilation and Air Conditioning (“HVAC”), to refrigeration and foam insulation, to industrial solvents. alltemp® is the ideal solution for replacement of R-407c, R-134a, R-404a, and HCFC-22, better known as R-22 and the world’s most commonly used refrigerant, but which is rapidly being phased out in all developed countries due to environmental concerns over its strong effect on the depletion of the Earth’s ozone layer. For further information, please go to www.alltempsolutions.net.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995 (the “Act”), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words “plan,” “confident that,” “believe,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements about the Company’s future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company’s actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for and delays in the start of production, general acceptance of the Company’s products and technologies, competitive factors, the ability to successfully complete additional financing, and other risks.

SOURCE: Source Financial, Inc.

ReleaseID: 460934

Dato Dr. Ronie Tan Appointed Chairman and Co-Founder of Alpha Network Alliance Ventures Inc. (OTC PINK: ANAV)

RIVERSIDE, CA / ACCESSWIRE / April 27, 2017 / Alpha Network Alliance Ventures Inc. (OTC PINK: ANAV), a development-stage company that focuses on building and operating a social networking software application and other Internet-driven applications for enable buyers, sellers, and users to connect, share, and communicate with one another, this week excitedly announced that Dato Dr. Ronie Tan has been officially appointed as the Chairman of the Alpha Board, as well as the Co-Founder of the entire entity. The appointment is officially effective on April 21, 2017.

As someone with an impressive amount of 25 years of business experience mainly in the Direct Selling Industries across the world, Dr. Tan has been at the forefront of the industry and actively involved in major countries, mostly in the Asia Pacific Region, for the duration of his professional career.

“Dr. Tan has a proven track record as someone who can achieve unmatched growth, organization, and billions of dollars of turnover at any operation he is part of,” said Mr. Rivera, Founder and CEO of the Alpha Network Alliance Ventures Inc. “We are incredibly excited to be welcoming him to our operation in two critical roles, and we look forward to collaborating with him in years to come.”

Prior to his new appointments this week, Dr. Tan previously served as a Senior Member and Managing Director of the Asia Region in two multi-national U.S Direct Selling Organizations, including the Los Angeles-based NYSE Public Listing Organization and a Phoenix-based Direct Selling Organization.

While in these roles, Dr. Tan was a member of the senior team that achieved a growth turnover of $5 billion USD, as well as a growth turnover of $1 billion closed within just a 4-year period.

“As part of the Alpha Network Alliance Ventures Inc., I will apply my industry knowledge and experience as the manager of developing business, curating expansion plans, overseeing major board decisions, and carving out company communications policies,” said Dr. Tan. “As an internationally recognized and reputable company, Alpha Network Alliance Ventures Inc. (OTC PINK: ANAV) is definitely the right position for me moving forward.”

Dr. Tan has a Ph.D. in Business Administration from Golden State University, California, in the United States.

The Alpha Network Alliance Ventures Inc., was officially incorporated on August 12, 2010. Its software applications quickly drew the company international attention. Today, it provides software to consumers that allow its users to post reviews and share shopping and fashion tips and opinions on third party websites or shopping store sites. Additionally, it offers products that enable companies, advertisers, and marketers to engage with its users using a Social Network Marketing campaign, as well as Social Media Marketing, to improve sales and membership for every affiliate that elects to participate.

For more information, visit: www.kababayanKo.com, www.KababayanKo.org, and www.RejuViLife.com.

Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” and similar expressions, as they relate to Alpha Network Alliance Ventures or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Alpha Network Alliance Ventures filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Alpha Network Alliance Ventures website does not constitute a part of this release.

Contact:

11801 Pierce St, 2nd Floor

Riverside, CA 92505

URL: http://www.RejuViLife.com & http://www.kababayanko.com; http://www.kababayanKo.org

Eleazar Rivera

Alpha Network Alliance Ventures Inc.

888-770-5084
URL: http://www.kababayanko.com

SOURCE: Alpha Network Alliance Ventures Inc.

ReleaseID: 460791

Pistol Bay Closes Financing, Extends Expiry on Warrants

VANCOUVER, BC / ACCESSWIRE / April 27, 2017 / Pistol Bay Mining Inc. (TSX-V: PST) (FSE: OQS2) (“Pistol Bay” or the “Company”) is pleased to announce that it has closed a non-brokered private placement financing (the “Private Placement”) for total gross proceeds of $336,600.

The Company has allotted and issued 3,960,000 units (the “Units”) at a price of $0.085 per Unit. Each Unit is comprised of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to eighteen months at a price of $0.12.

In addition, the Company has paid finder’s fees of a total of $32,810, 173,000 common shares, and an aggregate 223,000 finder’s warrants under the following terms:

173,000 finder’s warrants authorize the holder to acquire one unit of the Company for a period of eighteen months at a price of $0.125 with each unit consisting of one common share and one non-transferable share purchase warrant exercisable at a price of $0.125 for eighteen months from closing. 50,000 finder’s warrants authorize the holder to acquire one unit of the Company for a period of twelve months at a price of $0.085 with each unit consisting of one common share and one non-transferable share purchase warrant exercisable at a price of $0.12 for twelve months from closing.

The Company will use the proceeds of the Private Placement for exploration expenditures on the Company’s Canadian properties and general working capital. All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on August 28, 2017.

Further, the Company announces an amendment to the amount of NFT Units issued pursuant to the financing closed on March 20, 2017. The Company issued an additional 2,731 NFT Units at a price of $0.07 per NFT Unit to one subscriber. Each NFT Unit is comprised of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to eighteen months at a price of $0.12.

Warrant Extension

Furthermore, upon the approval of the TSX Venture Exchange (the “Exchange”), the Company will extend the expiry date of 7,632,500 common share purchase warrants (the “Warrants”) that were issued by way of a private placement approved by the Exchange on August 29, 2016. The old expiry date on the Warrants of August 29, 2017 will be extended to August 29, 2018. The exercise prices will remain the same.

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified junior Canadian mineral exploration company with a focus on precious and base metal properties in North America. For additional information please contact Charles Desjardins – pistolbaymining@gmail.com.

On Behalf of the Board of Directors

PISTOL BAY MINING INC.

“Charles Desjardins”
Charles Desjardins,
President and Director

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.

Cautionary note:

This report contains forward-looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

SOURCE: Pistol Bay Mining Inc.

ReleaseID: 460931

IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Amyris, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 27, 2017 / Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Amyris, Inc. (“Amyris” or the “Company”) (NASDAQ: AMRS) concerning possible violations of federal securities laws. Investors who purchased shares between March 2, 2017 and April 17, 2017 inclusive (the “Class Period”), should contact the firm prior to the
June 19, 2017 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 yet. 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.

According to the Complaint, during the Class Period, Amyris made false and/or misleading statements and/or failed to disclose: that in the first quarter of 2017, the Company made a decision to take an equity stake in one of Blue California’s affiliates that focused on the sweetener market instead of cash payment under the license agreement; that due to this decision Amyris would be unable to recognize $10 million in fourth quarter and fiscal year 2016 revenue from the license agreement with Blue California; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this news was released, shares of Amyris declined in value materially, which harmed investors according to the Complaint.

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

This press release may be considered Attorney Advertising in certain 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: 460932

INVESTOR NOTICE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Kandi Technologies Group, Inc. and Reminds Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / April 27, 2017 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ: KNDI). Investors who purchased or otherwise acquired shares between March 16, 2015 and March 13, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the May 15, 2017 lead plaintiff motion deadline.

If you purchased Kandi shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, Kandi made false and/or misleading statements and/or failed to disclose that: certain areas in the Company’s previously issued financial statements for the years ending December 31, 2015 and 2014, and the first three quarters for the year ending December 31, 2016 required adjustment; Kandi lacked effective internal controls over financial reporting; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times.

On November 14, 2016, the Company announced the abrupt resignation of its CFO Cheng Wang. On March 13, 2017, Kandi filed a Current Report on Form 8-K with the SEC, announcing that the Company would restate previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016. Upon release of this news, Kandi’s stock price dropped materially, which allegedly harmed investors.

If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 460930

EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Lion Biotechnologies, Inc. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / April 27, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Lion Biotechnologies, Inc. (“Lion” or the “Company”) (NASDAQ: LBIO). Investors, who purchased or otherwise acquired shares between November 14, 2013 and April 10, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the June 13, 2017 lead plaintiff motion deadline.

If you purchased Lion shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The Complaint alleges that throughout the Class Period, Lion made false and/or misleading statements and/or failed to disclose: that Lion, through its former CEO, Manish Singh, engaged in a scheme to mislead investors by commissioning over 10 internet publications and 20 widely distributed emails promoting Lion to potential investors that purported to be independent from the company when, in fact, they were paid promotions; that former CEO Singh engaged a notorious stock promotion firm to pay writers to publish articles about the Company on investment websites and to coordinate the distribution of articles to thousands of electronic mailboxes; that former CEO Singh actively participated in the promotional work for Lion Biotechnologies and understood that the promotion firm was using writers who would not disclose that Lion was indirectly compensating them for their publications; and that as a result of the above, Lion’s public statements were materially false and misleading at all relevant times. Upon release of this news, Lion’s stock price fell materially, causing investors harm.

If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 460929

IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Citizens, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 27, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Citizens, Inc. (“Citizens” or the “Company”) (NYSE: CIA) concerning possible violations of federal securities laws between March 11, 2015 and March 8, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the May 15, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., 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 states that throughout the Class Period, the Company violated federal securities laws. On March 8, 2017, SeekingAlpha released an article claiming that some premiums paid by policyholders are sent to Citizens’ transfer agent with the intention of rendering market purchases of Citizens stock – artificially inflating the Company’s stock price. Upon release of this news, Citizens’ stock price fell significantly, thus harming investors according to the Complaint.

Lundin Law PC was founded 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: 460928

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Patriot National, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 27, 2017 / Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Patriot National, Inc. (“Patriot National” or the “Company”) (NYSE: PN) concerning possible violations of federal securities laws between August 15, 2016 and March 3, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May
15, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., 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 yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Patriot National made materially false and misleading statements and/or failed to disclose that: the Company’s special committee was beholden to CEO Steve Mariano, therefore the special committee was operating for the benefit of Mariano and not Patriot National or its shareholders; that the special committee did not independently assess the merits of the Ebix transaction; that the special committee was not exploring strategic alternatives in order to maximize shareholder value; and that as a result of the above, Patriot’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When this information was released, Patriot National’s stock price dropped materially, which harmed investors according to the Complaint.

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

This press release may be considered Attorney Advertising in certain 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: 460927

DEADLINE TOMORROW: Lundin Law PC Announces Securities Class Action Lawsuit against Graña y Montero S.A.A. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 27, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Graña y Montero S.A.A. (“Graña y Montero” or the “Company”) (NYSE: GRAM) concerning possible violations of federal securities laws between July 24, 2013 and February 24, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm by the April 28, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., 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 yet. 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.

According to the Complaint, Graña y Montero made false and/or misleading statements and/or failed to disclose: that the Company was aware that its Brazilian partner, Odebrecht S.A., paid bribes to former Peruvian President Alejandro Toledo to win construction work on a road traveling from Peru to Brazil; and as a result, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 24, 2017, Reuters published an article highlighting a report that Graña y Montero knew about $20 million in bribes paid to former Peruvian President Alejandro Toledo by its partner, Odebrecht. Upon release of this news, the Company’s stock price declined significantly, which harmed investors, according to the Complaint.

Lundin Law PC was established 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: LundinLaw PC

ReleaseID: 460926

SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Alliance MMA, Inc. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / April 27, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Alliance MMA, Inc. (“Alliance MMA” or the “Company”) (NASDAQ: AMMA). Investors who purchased or otherwise acquired shares pursuant and/or traceable to the Company’s initial public offering (“IPO”) on or about October 6, 2016, are encouraged to contact the Firm in advance of the June 16, 2017 lead plaintiff motion deadline.

If you purchased Alliance MMA shares on or about the IPO date, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, Alliance MMA made false and/or misleading statements and/or failed to disclose: that the condensed consolidated financial statements for the three months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; that the condensed consolidated financial statements for the six months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; and that as a result of the above, Alliance MMA’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Upon release of this news, Alliance MMA’s stock price dropped materially, which harmed investors according to the Complaint.

If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contact

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 460925