CALGARY, AB / ACCESSWIRE / July 31, 2017 / Emerald Bay Energy Inc. (TSX-V: EBY) (the “Corporation” or “Emerald Bay”) is pleased to provide an update on the Company’s partnership multi-well drilling program in South Texas.

Emerald Bay is pleased to announce that the Corporation will be completing the drilling program this month that was previously announced in February of 2016. In addition to the initial eight wells drilled in 2016, eight more wells have been agreed to and will be completed in August. The wells have been completed in the Anacocho, Olmos, and Escondido formations. All three formations show good indications of commercial viability. It is anticipated that all sixteen wells will be completed, equipped, and will be producing by the end of August. Production numbers will be announced in the coming months. This will complete the drilling program on the MarPat lease. The partnership is a farmout, whereby the farmee pays 100% of the drilling and equipping costs for a 75% working interest in the wells. As the operator and farmor, Emerald Bay earns a 25% carried working interest in the 16 wells.

Emerald Bay and its partner are very pleased with the current economics of this type of development drilling despite current low commodity prices. With over thirty years of experience in South Texas, management of Emerald Bay has established a good relationship with service companies and has been able to put together a cost effective drilling and completion program whereby a multi well drilling program in proven oil fields provides a strong return on investment.

About Emerald Bay

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas, as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada. EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company.

To stay informed on Emerald Bay Energy, please join our Investor Group at www.8020connect.com for all upcoming news releases, articles, comments, and questions.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.ebyinc.com

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

Forward-Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect,” “plan,” “intend,” “anticipates,” “projects,” “potential,” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements are statements that are not historical facts.

Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed. BOE’s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Emerald Bay at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Emerald Bay that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements. Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. In particular, forward-looking information in this news release includes, but is not limited to, statements with respect to: pipeline acquisitions and leasing; pipeline permits, pipeline construction, production estimates, drilling operations, completion operations, funding and development goals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the applicable securities regulators.

SOURCE: Emerald Bay Energy Inc.

ReleaseID: 470279

IRVINE, CA / ACCESSWIRE / July 31, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against DryShips Inc. (“DryShips” or the “Company”) (NASDAQ: DRYS). Investors, who purchased or otherwise acquired shares between June 8, 2016, and July 12, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the September 12, 2017, Lead Plaintiff motion deadline.

If you purchased DryShips shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (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 as well.

According to the Complaint, throughout the Class Period, DryShips made false and misleading statements and/or failed to disclose: that the Company engaged in a systemic stock-manipulation scheme to artificially inflate its share price; that DryShips’ transactions with Kalani were an illegal capital-raising scheme, due in part to Kalani’s failure to register as an underwriter with the U.S. Securities & Exchange Commission; and that, as a result, DryShips’ public statements were materially false and misleading at all relevant times. When this news was announced, shares of DryShips fell in value materially, which caused investors harm according to the Complaint.

If you wish to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone by (949) 419-3834, or via 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: 470278

IRVINE, CA / ACCESSWIRE / July 31, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against CenturyLink, Inc. (“CenturyLink” or the “Company”) (NYSE: CTL). Investors who purchased or otherwise acquired shares from February 27, 2014, through June 15, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the August 21, 2017, Lead Plaintiff motion deadline.

If you purchased CenturyLink shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (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 as well.

According to the Complaint, during the Class Period, CenturyLink made false and/or misleading statements, and/or failed to disclose: that the Company’s policies allowed its employees to add services or lines to accounts without customer permission, which resulted in millions of dollars in unauthorized charges; that revenues were unsustainable and the product of illicit conduct; that the above-mentioned conduct would likely subject CenturyLink to heightened regulatory scrutiny; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On June 16, 2017, Bloomberg reported on a lawsuit filed by a former CenturyLink employee who alleges that she was fired for blowing the whistle on the high-pressure sales culture that caused customers to pay millions of dollars for accounts they did not request, to Chief Executive Officer Glen Post. When this news reached the public, CenturyLink’s stock price fell materially, which caused investors harm according to the Complaint.

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

This press release may be considered 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: 470259

BOSTON, MA / ACCESSWIRE / July 31, 2017 / Zoom Telephonics, Inc. (“Zoom”) (OTCQB: ZMTP), a leading producer of cable modems and other communications products, today reported financial results for the second quarter ended June 30, 2017 (“Q2 2017”).

Zoom reported net sales of $6.83 million for Q2 2017, up 71.7% from $3.98 million for the quarter ended June 30, 2016 (“Q2 2016”). The dramatic sales increase was due to growth in sales of Motorola cable modems produced by Zoom’s MTRLC division. This growth was fueled by significant expansion in sales to major US retailers in Q2 2017 compared to both Q2 2016 and Q1 2017, with some of that due to the successful introduction of the highly rated Motorola MB8600 DOCSIS 3.1 cable modem during Q2 2017.

Gross profit was $2.2 million or 32.1% of net sales in Q2 2017, up from $1.2 million or 30.2% of net sales in Q2 2016. The increase of $1.0 million in gross profit in Q2 2017 was primarily due to increased sales.

Operating expenses were $2.4 million or 35.5% of net sales in Q2 2017, compared to $2.2 million or 54.5% of net sales in Q2 2016. Selling expenses increased $382 thousand to $1.7 million in Q2 2017 due primarily to increases in advertising expenses and Motorola trademark royalty costs. General and administrative expenses decreased $74 thousand to $339 thousand from Q2 2016 to Q2 2017, due primarily to reductions in personnel-related expenses, legal expenses to support Zoom’s pro-retailer policies at the Federal Communications Commission, and expenses associated with moving Zoom’s Boston headquarters location in 2016. Research and development expenses decreased $52 thousand to $402 thousand in Q2 2017 due primarily to lower product certification costs.

Zoom reported a net loss of $269 thousand or $0.02 per share for Q2 2017, compared to a net loss of $972 thousand or $0.07 per share for Q2 2016, primarily due to significant sales and gross profit increases.

Zoom reported net sales of $12.0 million for the first six months of 2017, up 78.8% from $6.7 million in the first six months of 2016 due to growth in Motorola brand cable modem sales. Gross profit increased 93.1% from $2.0 million, or 30.4% of sales, to $3.9 million, or 32.8% of sales, due to the sales increase.

Total operating expenses for the first half of 2017 increased 39.6% to $5.2 million, or 43.5% of sales, from $3.7 million, or 55.7% of sales, for the first half of 2016. Selling expenses increased 72.4% from $2.0 million, or 30.6% of sales, to $3.5 million, or 29.5% of sales, due primarily to increased advertising and Motorola royalty payments for the first six months of 2017. General and administrative expenses declined 12.7% from $882 thousand, or 13.2% of sales, to $770 thousand, or 6.4% of sales, due primarily to lower personnel and legal expenses. Research and development expenses increased 13.5% from $802 thousand, or 12.0% of sales, to $910 thousand, or 7.6% of sales, due primarily to increased certification and outside consultant costs.

Zoom reported a net loss of $1.4 million for the first six months of 2017, down from $1.7 million net loss reported for first six months of 2016.

On June 30, 2017, Zoom had $1.95 million drawn on a $3.0 million line of credit, working capital of $2.3 million, and a current ratio of 1.4.

“We are very pleased with our Motorola brand cable modem sales momentum at US retailers,” stated Frank Manning, Zoom’s President and CEO. “This is due to a number of factors, including strong customer reviews, increased cable modem market share, and the introduction of our first DOCSIS 3.1 cable modem in Q2 2017. We have also successfully introduced our first Motorola brand router and range extender, and the focus now is on increasing sales of these products and on dramatically expanding our local area network product line. We are sampling our USB cell modems, with volume shipments planned for Q3 2017; and we are pleased with the lead referrals we are getting from AT&T. We continue to develop cellular sensors, and we hope to ship our first product in Q4 2017. Overall, we’re excited by our growth and prospects, and looking forward to a number of significant new product introductions later this year.”

Conference Call

Zoom has scheduled a conference call for Monday, July 31 at 5:00 p.m. Eastern Time. You may access the conference call by dialing (866) 393-7958 if you are in the USA, and international callers may dial (706) 643-5255. The conference ID is 61971693. A slide presentation will accompany management’s remarks and may be accessed five minutes before the conference call at www.zoomtel.com/s2. Shortly after the conference call a recording of the call will be available on Zoom’s website at www.zoomtel.com/r2.

About Zoom Telephonics

Founded in 1977 in Boston, Zoom Telephonics, Inc. designs, produces, markets, and supports cable modems and other communication products. For more information about Zoom and its products, please see www.zoomtel.com.

MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.

Forward-Looking Statements

This release contains forward-looking information relating to Zoom’s plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: the potential need for additional funding which Zoom may be unable to obtain; declining demand for certain of Zoom’s products; delays, unanticipated costs, interruptions or other uncertainties associated with Zoom’s production and shipping; Zoom’s reliance on several key outsourcing partners; uncertainty of key customers’ plans and orders; risks relating to product certifications; Zoom’s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns, and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent-related matters; and other risks set forth in Zoom’s filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom’s expectations or any change in events, conditions or circumstance on which any such statement is based.

Investor Relations Contact:

John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone: 203-972-9200
jnesbett@institutionalms.com

ZOOM TELEPHONICS, INC.
Condensed Consolidated Balance Sheets
In thousands
(Unaudited)

6/30/17

12/31/16

ASSETS

Current assets:

Cash

$
495

$
180

Accounts receivable, net

2,566

2,498

Inventories, net

5,260

4,927

Prepaid expenses and other

809

652

Total current assets

9,130

8,257

Property and equipment, net

216

176

Other assets

401

589

Total assets

$
9,747

$
9,022

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Bank debt

$
1,951

$
1,307

Accounts payable

3,678

2,502

Accrued expenses

1,159

1,052

Total current liabilities

6,788

4,861

Total liabilities

6,788

4,861

Stockholders’ equity:

Common stock and additional paid-in capital

40,196

40,041

Retained earnings (accumulated deficit)

(37,237
)

(35,880
)

Total stockholders’ equity

2,959

4,161

Total liabilities and stockholders’ equity

$
9,747

$
9,022

ZOOM TELEPHONICS, INC.
Condensed Consolidated Statements of Operations
In thousands, except for per share data
(Unaudited)

Three Months Ended

Six Months Ended

6/30/17

6/30/16

6/30/17

6/30/16

Net sales

$
6,828

$
3,977

$
11,974

$
6,698

Cost of goods sold

4,634

2,776

8,046

4,663

Gross profit

2,194

1,201

3,928

2,035

Operating expenses:

Selling

1,682

1,300

3,528

2,046

General and administrative

339

413

770

882

Research and development

402

455

911

802

Total operating expenses

2,423

2,168

5,209

3,730

Operating profit (loss)

(229
)

(967
)

(1,281
)

(1,695
)

Other income (expense), net

(31
)

(4
)

(67
)

(4
)

Income (loss) before income taxes

(260
)

(971
)

(1,348
)

(1,699
)

Income tax expense (benefit)

9

1

9

1

Net income (loss)

$
(269
)

$
(972
)

$
(1,357
)

$
(1,700
)

Earnings (loss) per share:

Basic Earnings (loss) per share

$
(0.02
)

$
(0.07
)

$
(0.09
)

$
(0.12
)

Diluted Earnings (loss) per share

$
(0.02
)

$
(0.07
)

$
(0.09
)

$
(0.12
)

Weighted average number of shares outstanding:

Basic

14,817

13,722

14,800

13,661

Diluted

14,817

13,722

14,800

13,661

SOURCE: Zoom Telephonics, Inc.

ReleaseID: 470115

LOS ANGELES, CA / ACCESSWIRE / July 31, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Chipotle Mexican Grill, Inc. (”Chipotle” or the ”Company”) (NYSE: CMG) for possible violations of federal securities laws between February 5, 2016 and July 19, 2017, inclusive (the ”Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the September 18, 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 you can 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 choose to do nothing and be an absent class member as well.

According to the Complaint, throughout the Class Period, Chipotle made false and/or misleading statements and/or failed to disclose: that the Company’s purported improvements in its restaurants’ food safety policies were inadequate; that Chipotle’s quality controls were still not in compliance with applicable consumer and workplace safety regulations; that the quality controls remained inadequate to safeguard consumer and employee health; and that as a result of the above, Chipotle’s public statements were materially false and misleading at all relevant times. Upon release of this news, Chipotle’s stock price fell materially, which caused investors harm according to the Complaint.

Lundin Law PC was established by Brian Lundin, Esq., 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 ethics 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: 470276

IRVINE, CA / ACCESSWIRE / July 31, 2017 / Khang & Khang LLP (the ”Firm”) announces a securities class action lawsuit against Sinovac Biotech Ltd. (”Sinovac” or the ”Company”) (NASDAQ: SVA). Investors who purchased or otherwise acquired shares between April 30, 2013 and May 16, 2017 inclusive (the ”Class Period”), should contact the firm before the September 1, 2017 lead plaintiff motion deadline.

If you purchased Sinovac shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (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 also choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, Sinovac made false and/or misleading statements and/or failed to disclose: that Chairman and CEO Weidong Yin bribed a member of the Chinese Food and Drug Administration to assist Sinovac’s vaccine clinical trial and approval; that such conduct would subject the Company to heightened regulatory scrutiny; thus, Sinovac’s public statements were materially false and misleading at all relevant times. When this information reached the public, shares of Sinovac declined in value materially, which caused investors harm according to the Complaint.

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 nearly two decades, by telephone at (949) 419-3834, or via 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: 470273

IRVINE, CA / ACCESSWIRE / July 31, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Weibo Corporation (“Weibo” or the “Company”) (NASDAQ: WB). Investors, who purchased or otherwise acquired Weibo shares from April 27, 2017 through June 22, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the August 28, 2017 lead plaintiff motion deadline.

If you purchased Weibo shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (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 as well.

According to the Complaint, throughout the Class Period, Weibo made false and/or misleading statements and/or failed to disclose: that the Company lacks a required internet audio/video program transmission license; that Weibo was posting some commentary programs with content in violation of Chinese government regulations on its site; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On June 22, 2017, Weibo announced that it received a notice from regulators in China that certain companies will have video and audio services suspended for lacking an internet audio/video program transmission license and for posting commentary that violates government regulations. When this news was announced, Weibo’s stock price declined materially, which harmed investors according to the Complaint.

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

This press release may be considered 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: 470266

LOS ANGELES, CA / ACCESSWIRE / July 31, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Quadrant 4 System Corporation (”Quadrant” or the ”Company”) (OTC PINK: QFOR) for possible violations of federal securities laws from August 14, 2012 through June 30, 2017, inclusive (the ”Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the September 5, 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, throughout the Class Period, Quadrant made false and/or misleading statements and/or failed to disclose: that former CEO Nandu Thondavadi and former CFO Dhru Desai engaged in an accounting fraud scheme that misled investors; that Thondavadi and Desai stole more than $4 million from the Company; that Thondavadi and Desai caused the Company to understate its liabilities, inflate its revenues and assets and evaded scrutiny by lying to Quadrant’s auditors and providing them with forged and doctored documents; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this information reached the public, shares of Quadrant fell in value materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esq., 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 ethics 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: 470275

IRVINE, CA / ACCESSWIRE / July 31, 2017 / Khang & Khang LLP (the ”Firm”) announces a securities class action lawsuit against Mattel, Inc. (”Mattel” or the ”Company”) (NASDAQ: MAT). Investors who purchased or otherwise acquired Mattel shares from October 20, 2016 through April 20, 2017, inclusive (the ”Class Period”), are encouraged to contact the Firm in advance of the August 28, 2017 lead plaintiff motion deadline.

If you purchased Mattel shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (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 also choose to take no action and remain a passive class member.

According to the Complaint, during the Class Period, Mattel made false and/or misleading statements, and/or failed to disclose adverse information, including that the Company’s retail customers had high levels of unsold Mattel products, which exposed it to the heightened risk that it would have to issue its retailers financial concessions to remove the excess inventory, and that the Company would experience slower sales growth in future periods. On April 20, 2017, Mattel announced its first quarter 2017 financial results, reporting declines for its worldwide net sales and gross margins on a year-over-year basis, and an increase of over 158% in its operating loss. These results were much lower than Wall Street consensus estimates. When this news was announced, Mattel’s stock price fell materially, which caused investors harm according to the Complaint.

If you want 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 via e-mail at joon@khanglaw.com.

This press release may be considered 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: 470261

LOS ANGELES, CA / ACCESSWIRE / July 31, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Mazor Robotics Ltd. (“Mazor” or the “Company”) (NASDAQ: MZOR) for possible violations of federal securities laws from November 8, 2016 through June 8, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired Mazor shares during the Class Period should contact the firm prior to the August 8, 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, and 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 throughout the Class Period, Mazor made false and misleading statements and/or failed to disclose: that the Company engaged in conduct that subjected it to investigation by the Israeli Securities Authority (“ISA”); that Mazor was exposed to potential liability; and that as a result of the above, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. On June 8, 2017, Mazor disclosed that in May 2017, the ISA searched its offices and questioned certain officers in connection with an investigation. When this news reached the public, the Company’s stock price decreased materially, which harmed investors according to the Complaint.

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

This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.

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: 470225