Monthly Archives: January 2018

Peshtemal Beach Wear & Eco Friendly Ponchos Wraps Towels Brand E-Store Launched

The Australian eco-friendly beachwear brand Miss Summer launched an online store where ladies who love the beach and summer can shop for its soft, cool and highly coveted Turkish towel cotton wraps, ponchos and garments.

Labrador, Australia – January 30, 2018 /PressCable/

The eco-friendly beachwear brand Miss Summer launched an online shop with its popular, classy and comfy line of beach wraps and blankets made entirely from soft, quick drying Turkish towel cotton.

More information is available at https://miss-summer.com.

Miss Summer is an Australian eco-friendly beachwear brand known for the fashionable and sustainable range of beach wraps, ponchos and blankets it offers female surfers and salt water lovers who want to stay cool, elegant and comfy at the beach.

The brand has now launched an online store where clients can shop for this quality, sustainable range of designer beachwear, made entirely from the soft, quick drying Turkish towel cotton, aka peshtemal, that Turkish bath houses have been using for years.

Its collection includes an elegant blue ‘coastal’ poncho, a ‘stormcloud’ beach wrap in charcoal colors and a beige ‘sunshine’ garment with a cosy inner terry towel in the hood, all ideal to throw on after a day at the beach and walk over to the shops or help change the wet water wear after a surf session.

It also includes a large, comfy beach blanket made from 100% natural cotton which can be used to share a day in the sand with friends or someone special and for picnics, festivals or just an afternoon reading in the park.

They are all designed and made in Australia, available in many sizes to easily accommodate different styles, tastes or shapes and provided, for a limited time, with free shipping nationwide.

The Miss Summer team explains that “born from the ever inconvenient situation of changing the wet water wear after a surf session, our clothing offers female surfers, beach lovers and world wonderers who celebrate an endless summer, something incredibly functional they will feel good wearing and love so much, they will keep using it until it’s completely worn out.”

For more information on the Miss Summer brand, its unique eco-friendly beach and surf wear collection or the new online store they launched, the public can visit their website at the link provided above.

Contact Info:
Name: Customer Service
Email: hello@miss-summer.com
Organization: Miss Summer
Address: 13-25 Bright Avenue, Labrador, Queensland 4215, Australia

For more information, please visit http://www.miss-summer.com

Source: PressCable

Release ID: 294031

Wamba Technologies Receives 1 Million Dollars in Funding for eSports Platform

Wamba Technologies announced that they have received funding of just under $1 Million dollars from private investors. Wamba Technologies will utilize the funds to further development of their eSports platform and anticipates a beta release by the end of 2018.

Phoenix, United States – January 30, 2018 /NewsNetwork/

Wamba Technologies has conceptualized a new eSports platform which is being designed by Andy Ashcraft (God of War 2, Disney’s Cars 2, Warhawk, Grand Turismo 4, Tron: Legacy and more), Gary Denham (CEO of Wamba Technologies), and with assistance from Brian Upton (Tom Clancy: Rainbow Six, Tom Clancy: Ghost Recon).

Wamba Technologies announced that they have received funding of just under $1 Million dollars from private investors. Utilizing the funds to further the development of their eSports platform, CEO Gary Denham sees a bright future for the eSports industry. While Wamba Technologies is keeping most of their eSports product features confidential for the time being, at the core of their business model is a desire to meet the needs and demands of the average casual gamer, not just the professionals.

CEO Gary Denham said, “In 2016, online eSports generated less than $1 Billion in revenue. When you have a video game industry that, according to some analysts, has around 2.6 billion participants, and generates less than $1 Billion in gross total revenue from the professional side of that industry online, my only question is: ‘who on earth screwed up?’. There is just no good excuse for those dismal numbers. The players are there. The demand is overwhelming. Why does it look like Activision and EA Sports screwed this up? What went so horribly wrong?”

Denham continued, “Fifteen percent of Americans like to put up money on a consistently regular basis for various games featuring cash prizes if they believe they can win money back. For them to do so requires confidence in their ability to win and trust that the game will be fair. Presently, both Activision and EA Sports appear to have really missed the mark in presenting the casual game player with eSports games featuring these two components. Instead, they gear their eSports platforms toward the diehard professional gamers. The problem with this is that the average American cannot compete with that high caliber player and has virtually no chance of winning money if they try…and they know it!

The issue with this is that the overwhelming majority of online gamers are casual players, not paying eSports competitors. By catering to the very small number of “professional” eSports players, we feel that EA and Activision have really missed the much larger market who, if given the right environment, would likely convert into paying eSports competitors. In our opinion, that larger market is far more lucrative if we can gain their trust and confidence. If the online portion of this industry is going to virally explode and cross into the range of tens of Billions of dollars in annual revenue, it is crucial to gain the trust and confidence of the casual gamers to get them converted into eSports competitors.

Aside from a surprisingly large percentage of matches with unevenly paired players (based on skill level), another issue which we feel has not been properly addressed is cheating. Right now, to the best of my knowledge, there are no other eSports platforms with anti-cheating measures comparable to what we are building into our platform. Without going into specifics, I can state with absolute certainty that it would be tremendously difficult and laborious to even attempt to cheat when playing on our platform.

When the average player is offered a chance to compete with other players of a similar skill level, and any significant money is involved in the competition, then cheating can occur. Cheating can sour a player against eSports permanently. Due to these issues, the casual players tend to stay away from eSports.

We believe that by addressing problems such as fair matchups, cheating, and a host of other peripheral issues in a single piece of software, we will instill a lot of confidence and trust in the players who will be using our platform. We feel that this confidence and trust will lead to a higher rate of conversion at a faster pace from casual gamers to paying eSports competitors, effectively growing the eSports industry in a significantly shorter timeframe.”

Wamba Technologies has used the funds received to put key project leaders and teams in place:

– Andy Ashcraft as Chief Designer for the eSports platform

– Brian Upton as an eSports platform consultant

– Joe Bagdon as Chief Security Officer (formerly security project lead for the US Military Intelligence, security consult for IBM, Chief Security Officer for Rally Software, lead security software development engineer for Fidelity, and more).

– 8 person development team to build the eSports platform

– Programmers, graphic artists, and animators for Triple A video game design and development

– 20 contractors working on the various projects

Wamba Technologies platform is currently under construction and is anticipated to see a beta release by the end of 2018. For more information, click here.

(Press Release Reissued Due to Missing Words)

Contact Info:
Name: Ben Willardson
Organization: Wamba Technologies
Address: 5800 North 19th Avenue, Suite 204, Phoenix, AZ 85015, United States
Phone: +1-801-857-4778

Source: NewsNetwork

Release ID: 293720

Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against OSI Systems, Inc. (OSIS) and Encourages Investors to Contact the Firm Before February 5th

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired OSI Systems, Inc. (NASDAQ: OSIS) securities between August 16, 2013 and December 6, 2017 (the “Class Period”). Investors have until February 5, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On December 6, 2017, Carson Block, the founder of Muddy Waters Capital, alleged in a video documentary that OSI Systems, the maker of Rapiscan airport metal detectors, is “rotten to the core” and further alleged that there was corruption in the 2013 award of OSI’s Albania concession. Following this news, OSI Systems shares fell $24.55 per share, or 29%, to close at $59.52 on December 6, 2017.

The Complaint alleges that Defendants failed to disclose: (1) that OSI acquired the Albania concession through bribery or other illicit means; (2) that OSI transferred 49% of its project company associated with the Albania concession, S2 Albania SHPK, an entity purportedly worth millions, for consideration of less than $5.00; (3) that OSI engaged in other illegal acts, including improper sales and cash payments to government officials; (4) that these practices caused the Company to be vulnerable to potential civil and criminal liability and adverse regulatory action; and (5) that, as a result of the foregoing, Defendants’ statements about OSI’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired OSI Systems securities during the Class Period and suffered a loss, continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the OSI Systems, Inc. lawsuit, please go to www.bespc.com/osis. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

Contact:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

SOURCE: Bragar Eagel & Squire, P.C.

ReleaseID: 487402

Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Liberty Tax, Inc. (TAX) and Encourages Investors to Contact the Firm Before February 13th

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Liberty Tax, Inc. (NASDAQ : TAX) securities between June 9, 2016 and December 11, 2017 (the “Class Period”). Investors have until February 13, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On November 7, 2017, Liberty announced the resignation of its Vice President and Chief Financial Officer, Kathleen Donovan. Following this news, the stock price of Liberty fell $2.25 per share, or nearly 17%, to close at $11.00 per share on November 8, 2017.

On December 11, 2017, Liberty announced that KPMG LLP had resigned as the Company’s independent registered public accounting firm, effective immediately, due partially to an “inappropriate tone at the top which leads to ineffective entity level controls over the organization.” Following this news, the stock price of Liberty fell $0.80, or 6.7%, to close at $11.15 per share on December 11, 2017.

The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Liberty Tax’s former CEO John T. Hewitt created an inappropriate tone at the top; (2) the inappropriate tone at the top led to ineffective entity level controls over the organization; and (3) as a result, Defendants’ statements about Liberty Tax’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Liberty securities and suffered a loss, continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Liberty Tax, Inc. lawsuit, please go to http://www.bespc.com/libertytax. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

SOURCE: Bragar Eagel & Squire, P.C.

ReleaseID: 487403

Kingtone Wirelessinfo Solution Holding Ltd. Announces Asset Exchange with C Media Limited

XI’AN, CHINA / ACCESSWIRE / January 30, 2018 / Kingtone Wirelessinfo Solution Holding Ltd. (NASDAQ: KONE) (“Kingtone,” or the “Company”), a China-based developer and provider of mobile enterprise solutions, today announced the Company and C Media Limited (“C Media”), a corporation organized under the laws of the Cayman Islands and one of the leading mobile service and technology providers of long distance travel including the railway Wi-Fi market in China, have entered into an Asset Exchange Agreement (the “Agreement”) to acquire all of the assets of C Media in exchange for essentially all the assets of the Company (“the Asset Exchange”). The assets to be exchanged by the Company consists of the equity interests of the Company in its principal operating subsidiary. The assets of C Media consisting primarily of the equity interests of C Media’s operating subsidiaries in China. The Asset Exchange was based on the valuation reports of both C Media and the Company made by an independent third-party appraisal firm. The Company also agreed to pay the difference of the fair market values between C Media and the Company by issuance of 185,412,599 ordinary shares and 1,000,000 preferred shares of the Company to C Media. The preferred shares to be issued by the Company are expected to have an initial per share voting weight of 399 votes to the major shareholders of C Media. The details of the Asset Exchange can be found in the Company’s Form 6-K and its exhibits filed with SEC on the same date.

The Asset Exchange is subject to the satisfaction or waiver (if applicable) of closing conditions, including shareholders’ approvals and Nasdaq approval.

About C Media Limited

C Media Limited is one of the leading mobile service and technology providers of long-distance travel and the pioneer and leader of the railway Wi-Fi market in China. C Media’s core mobile application product Luokuang is made as a Location-based Service (LBS) social contents and service distribution platform. Luokuang obtains travel users through the typical entrance for long-distance travel. It accesses long-distance travel users continually by offering free Wi-Fi services by system deployed on the train. As of the end of 2017, C Media has signed contracts to deploy Luokuang on about 700 trains which subsequently has access to approximately 500 million passenger trips per year. The number of trains currently in operation with Luokuang by C Media is 286, which covers about 200 million passenger trips per year. As the end of 2017, users for Luokuang were 38 million, which expects to reach to more than 60 million by the end of 2018.C Media also engages in the development of blockchain technology to further optimize its application of user experience.

More information may be found at http://www.cmmobi.com.

About Kingtone Wirelessinfo Solution Holding Ltd.

Kingtone Wirelessinfo Solution Holding Ltd. (Nasdaq CM: KONE) is a China-based developer and provider of mobile enterprise solutions. The Company’s products, known as mobile enterprise solutions, extend a company’s or enterprise’s information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices, and platforms.

For more information, please visit Kingtone’s website at http://en.kingtoneinfo.com/. The Company routinely posts important information on its website.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook,” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:

Mr. Fang Wang
Tel: +86-29-8826-6383
Email: wangfang@kingtoneinfo.com

SOURCE: Kingtone Wirelessinfo Solution Holding Ltd.

ReleaseID: 487379

The Schall Law Firm Announces an Investigation of MetLife, Inc.

LOS ANGELES, CA / ACCESSWIRE / January 30, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MetLife, Inc. (“MetLife” or the “Company”) (NYSE: MET).

If you purchased or otherwise acquired Metlife shares, and would like more information about the investigation, we encourage you to contact Brian Schall, or Sherin Mahdavian, of The Schall Law firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at (877) 590-0482, to discuss your rights without cost to you. You can also reach us through the firm’s website at www.schallfirm.com, or email the managing partner directly at brian@schallfirm.com.

On January 29, 2018, MetLife announced it would postpone its fourth quarter and full year ended December 31, 2017 earnings report and conference call, citing “material weakness” in its financial reporting. The Company also advised investors it expects to increase reserves in total between $525 million and $575 million on a pre-tax basis to cover certain annuity recipients “who have been unresponsive or missing over time.” Following this news, Xunlei’s stock price fell materially, which caused investors harm.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

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

Contact:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487401

Department of Labor Moves to Take Away Earning Power from Millions of Americans Working in the Service Industry

Filmmaker-Activist Reem Kadem Organizes Fight to Protect the Income Rights of More than 2.6-Million Affected Workers with Film, “SELF SERVE”

LOS ANGELES, CA / ACCESSWIRE / January 30, 2018 / More than 2.6-million waiters and waitresses in the USA could experience a major hit to their income if The Department of Labor has its way in gaining the approval of the Trump Administration. The Department of Labor is moving to shift the ownership of tips paid by customers from the wait-staff to the restaurant owners… a move that would directly benefit restaurant owners at the detriment and direct cost to servers nationwide. Actress, Filmmaker and Activist Reem Kadem describes this policy change as “completely unfair and unjust” and her production company, Chameleon Pictures, is producing a documentary film entitled “SELF SERVE” to help spread awareness for this proposed rule change.

“Waiters and waitresses constitute as one of the largest categories of employees in all of the United States and are among the hardest working of employees as a whole,” said Reem. “Most of the millions of wait-staff workers are already fighting to survive on a lower-than-living-wage income. They depend on the tips they get for good service, and to take this crucial income away to benefit restaurant owners is short-sighted and is a transparent representation of greed. This is another example of reverse-trickle-down economic policies, with promises to help workers, while quietly implementing policies to shift money from struggling families to further enrich those that need it the least. We are hopeful that the American electorate will recognize the unfairness of this proposed Department of Labor rule change and will stand up for their friends and neighbors that comprise the wait-staff workforce of this country,” she continued. “But we need our voices to be heard, and everyone can help by texting TIP to 225568 to voice to The Department of Labor why they oppose this rule – and certainly by sharing this teaser and the documentary film.”

Actress, filmmaker and activist Reem Kadem, director of the short film, “Self Serve”

In the recent uproar to this issue, Reem, in conjunction with Saru Jayaraman, Co-Founder of Restaurants Opportunity Center United (ROC), have banded together in the hopes of shedding light on a policy that possesses a threat to the livelihoods of millions of Americans directly, and the rest of the country through indirect and possibly devastating means. According to ROC, Government data shows that the median wage in the restaurant industry is only $8.89, which means that over half of people who work in restaurants earn below the federal poverty line for a family of three. This is not surprising, given that the federal minimum wage for those who work for tips in the industry is $2.13. Moreover, their survey work has shown that over one third (35.1%) of people who work in the restaurant industry have had to work “off the clock” for no pay, and almost half (43.9%) have worked overtime with being paid the legally mandated 150% overtime wage.

Saru Jayaraman, co-founder of the Restaurant Opportunities Centers United (ROC United)

It seems that the entertainment industry and the service industry have united in the cause of tips for survival. In recent events, at The Golden Globe’s for example, actresses Meryl Streep, Amy Pohler, Natalie Portman, and others have banded together with Saru in unison for support in her efforts to shed light on the sexual harassment of women within the restaurant service industry, by wearing black. But it seems that the issue within this industry is not just that of women, albeit in itself an important cause, but that of the entire workforce within the service sector. In that essence, many are joining in lending their voices, and as often we find within the entertainment industry, many who are all too familiar with service and industry that helps sustain them while they pursue their goals. This industry is not the only affected, as millions of students, and thereby their families, stand to be affected should this proposal pass. “Imagine, if you will,” said Reem, “that in a world with ever-growing educational costs, and youth populace already deeply in debt to the nation’s deficit, what will happen if the earning potential of college students is ever further diminished; what will happen to their families in turn? And, what about the millions of college graduates, who opt to work in the service industry for lack of jobs in the respected markets in which they hold degrees? According to Harvard Business Review in 2016, two-thirds of college graduates were unable to secure work in their aspiring careers. This is the time to look at the big picture and see this proposal for what it truly is, which is a threat to The American Dream.”

Reem’s film, “SELF SERVE” is being produced as a non-profit New Media venture under the Screen Actors Guild, and a teaser-summary of the film, along with the complete short film documentary, is available for viewing free-of-charge via YouTube. The “SELF SERVE” film project is gaining momentum and support from entertainment industry professionals and a broad base of Americans – from restaurant workers and servers to the millions of customers patronizing the food-service industry. The film project is evolving and being updated as new information and participants join the fight against the policy change. Current and notable film industry participants include: Oscar-nominated Actress, Sally Kirkland, (“Anna”/JFK); Actress/Filmmaker Reem Kadem (“Nawal the Jewel”/”Blood Ride”; Neil Brown Jr. (“Straight Outta Compton”); Actress/Filmmaker Star Noor (“Where’s the Dragon”); Producer/Distributor Eric Parkinson (Hannover House); Award-winning Filmmaker Jeffrey Reddick (Creator of “Final Destination”); Actress Lourdes Reynolds (“Lost Souls”); Award winning Filmmaker Michael Matteo Rossi (“Misogynist”/”Sable”); Actor/Comedian Derrick Redford (Kevin Hart’s “Laugh Out Loud”); Entertainment Journalist Sanna Khan (“Where Bollywood Meets Hollywood”); and Actor/Comedian Amir K (“MADtv” and with millions of followers on YouTube).

The film’s teaser can be viewed at: https://www.youtube.com/watch?v=v9IiPYimi0g&feature=youtu.be – while the complete short film documentary can be viewed here: https://www.youtube.com/watch?v=C8dfR1IS5AQ.

Reem Kadem is an actress and filmmaker currently residing in Los Angeles. Principal motion picture credits include “Blood Ride,” in which she co-starred with James Franco, the Indian cinema epic, “Nawal the Jewel,” and a plethora of notable feature film and television credits. Her most recent feature release, “Nawal the Jewel,” was a major success throughout India this past summer and earned Reem critical praise from The Times of India (the nation’s largest newspaper) as “…brilliant and probably the best part of the film.”

Ms. Kadem is currently residing in Los Angeles and is accessible for media interviews to discuss her film and the Department of Labor rule change.

People can follow the film and its spiraling movement at the film’s social media handle on Facebook, Instagram, and Twitter. Follow “SELF SERVE”: @SelfServeMovie

ADDITIONAL INFORMATION & CONTACTS

For information on servers/wait-staff workers that would be affected by this ruling, please see the United States Department of Labor occupational summary for restaurant waiters/waitresses: https://www.bls.gov/ooh/food-preparation-and-serving/waiters-and-waitresses.htm

For additional information on the Department of Labor ruling action, visit the CBS MoneyWatch article: https://www.cbsnews.com/news/trump-may-shift-tips-to-restaurant-owners/

For more on commenting directly on the site before the February 5th deadline: https://www.regulations.gov/document?D=WHD-2017-0003-0001

For More Information – or to Set Up an Interview with Reem Kadem, Contact:

STAR NOORBAKHSH, at Social Film Group – 352-222-8464, email: NYCGirlWriter@msn.com or email REEM KADEM directly at: Rmkadem@yahoo.com

SOURCE: Chameleon Pictures

ReleaseID: 487400

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of MetLife, Inc. (MET)

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MetLife, Inc. (”MetLife” or the ”Company”) (NYSE: MET). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/met.

The investigation concerns whether MetLife and certain of its officers and/or directors have violated Federal Securities Laws.

On January 29, 2018, post-market, MetLife announced that it would postpone its fourth-quarter earnings announcement, citing a ”material weakness” in its financial reporting. In addition, MetLife advised investors that it expected to increase total reserves between $525 million and $575 million on a pre-tax basis to cover certain annuity recipients ”who have been unresponsive or missing over time.” The Company further stated that the SEC’s enforcement staff has inquired about payments that the insurer failed to make for people who receive a type of annuity benefit from the company via its retirement business. Following this news, MetLife stock has dropped sharply in after-hours trading on January 29, 2018.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) the Company had a material weakness in its internal controls over financial reporting; (2) accordingly, the Company lacked effective internal controls over financial reporting; (3) as a result of the foregoing, MetLife shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.

If you are aware of any facts relating to this investigation, or purchased MetLife shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/met. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 487380

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Xunlei Limited

LOS ANGELES, CA / ACCESSWIRE / January 30, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Xunlei Limited (NASDAQ: XNET) (“Xunlei” or the “Company”) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between October 10, 2017 and January 11, 2018, inclusive (the “Class Period”), are encouraged to contact the firm by March 20, 2018, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, please click here to participate.

According to the lawsuit, the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Xunlei had engaged in unlawful financial activity; (2) OneCoin, Xunlei’s blockchain-based product, was a form of disguised Initial Coin Offering; (3) Xunlei was engaged in the promotion of an Initial Miner Offering; and (4) as a result, defendants’ statements about Xunlei’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. Following this news, Xunlei’s stock price fell materially, which caused investors harm.

We also encourage you to contact Brian Schall or Sherin Mahdavian, of The Schall Law Firm, 1880 Century Park East Suite 404, Los Angeles, CA 90067, at 877-590-0482, to discuss your rights free of charge. You can also reach us through the firm’s website at schallfirm.com or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

Contact:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487384

Bristol Letting Agents & Property Management Company Launches New Agency Website

Bristol property management and lettings expert, Intire Letting Agents Bristol, have launched a new site. It showcases their landlord and letting services, including a quality tenant finder, and full service property management.

Bristol, United Kingdom – January 30, 2018 /NewsNetwork/

Intire Letting Agents Bristol, the property management expert and tenant finder for landlords, has launched a new website showcasing its services for local clients. Because of changes in legislation affecting property landlords in England and Wales, the company has updated its site to suit the changes in the rental marketplace, and to be of continued great service to landlords in Bristol.

More information can be found at: http://www.intire.co.uk/letting-agent-bristol

The Bristol based letting agent and property management company prides itself on its high quality service, and differentiates itself from competitors in the property market in a variety of ways.

With an office in Downend, the Bristol letting agent has detailed knowledge of the Bristol area and surrounding locations. However, in addition to offering expert insight and guidance on the location, it can also help landlords to get high quality tenants who are looking to relocate to the Bristol area.

Other services the Bristol based property management company provides is a free property valuation service for any landlord looking for a valuation on their house. Intire’s services come with a completely transparent fee structure, which is designed with landlords in mind, to offer them the best service.

The company is run by Managing Director, Atif, who fell in love with property when he was a corporate lawyer with Burges Salmon in Bristol. He set up Intire Lettings to offer the high quality property management services he wanted for his own properties.

The expert team at Intire strives to make property letting as simple, painless and easy as possible for its clients. The pricing provided by the company is straightforward and inclusive, and the team are professional members of ARLA, DPS and TPO.

Any homeowners looking to let their property in Bristol can get in touch for a valuation, and a quote on getting their home let. A full range of landlord services is also provided, with a quick and effective Tenant Finder, a Let and Collect service to make letting easier, and a Fully Managed option where everything is taken care of.

Full details can be found on the URL above, with additional information about the Bristol lettings expert available at: http://intire.co.uk

Contact Info:
Name: Atif Javid
Email: downend@intire.co.uk
Organization: Intire Letting Agents Bristol
Address: 6 Badminton Rd , Bristol BS16 6BQ, United Kingdom
Phone: +44-117-956-1107

For more information, please visit http://www.intire.co.uk/

Source: NewsNetwork

Release ID: 293167