Monthly Archives: December 2019

TEUM FINAL DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Pareteum (TEUM) Investors with $500k+ Losses to Contact Its Attorneys, Application Deadline Tomorrow

SAN FRANCISCO, CA / ACCESSWIRE / December 22, 2019 / Hagens Berman urges Pareteum Corp. (NASDAQ: TEUM) investors who have suffered losses in excess of $500,000 to submit their losses now to learn if they qualify to recover their investment losses. Only one day remains until the December 23, 2019 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

Most Expansive Class Period: Dec. 14, 2017 – Oct. 21, 2019

Lead Plaintiff Deadline: Dec. 23, 2019

Sign Up Now: www.hbsslaw.com/investor-fraud/TEUM

Contact An Attorney Immediately: TEUM@hbsslaw.com

844-916-0895

Hagens Berman's Pareteum Corp. (TEUM) Securities Class Action:

Hagens Berman filed an expansive Complaint on behalf of all investors who purchased or otherwise acquired Pareteum Corporation securities and pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act"). After Hagens Berman filed its Complaint, other substantially similar complaints have been filed alleging differing class periods. To date, the most expansive class Period is Dec. 14, 2017 through Oct. 21, 2019, inclusive.

According to the detailed Complaint filed by Hagens Berman, Defendants misled investors by materially misrepresenting Pareteum's true business operations and financial results.

Specifically, the Complaint alleges Defendants misrepresented Pareteum as a "rapidly growing Cloud Communications Platform company" that was poised for exponential growth due to the Company's involvement in new industries such as block chain, customer wins, a rising "36-month contract revenue backlog," and effective contract conversion rates when in truth none of that was true.

The Complaint alleges, unbeknownst to investors and contrary to Defendants' statements, Pareteum contracted with either fake entities, related-third parties, or companies so small they had no chance of ever satisfying the value Defendants assigned to their contracts. Moreover, throughout the Expanded Class Period, Defendants violated Generally Accepted Accounting Principles ("GAAP") by prematurely recognizing revenues and inflating accounts receivable.

The truth emerged through a series of disclosures occurring between June 7, 2019 and October 21, 2019, when the Company announced that it will restate its consolidated financial statements as of and for the full year ended December 31, 2018, and interim periods ended March 31, 2019 and June 30, 2019 (the "Non-Reliance Periods").

As a result of these disclosures, the value of Pareteum stock has consistently decreased, damaging investors.

On Nov. 15, 2019, after announcing the company would not timely file its quarterly financial statements as a result of its plan to restate financial statements for the Non-Reliance Periods, Pareteum disclosed that it had received a notice from Nasdaq stating the company was not in compliance with its rules and is in danger of being delisted.

On Nov. 25, 2019, Defendants announced Robert H. Turner has been terminated as Chairman and CEO of Pareteum.

"We're focused on recovering investors' substantial losses and holding Pareteum and its senior management accountable for their outright fraud," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of TEUM and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Pareteum should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email TEUM@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 571025

IRBT FINAL DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages iRobot Corporation (IRBT) Investors with Significant Losses to Contact Its Attorneys, Application Deadline Tomorrow

SAN FRANCISCO, CA / ACCESSWIRE / December 22, 2019 /  Hagens Berman urges iRobot Corporation (NASDAQ:IRBT) investors who have suffered losses in excess of $100,000 to submit their losses now to learn if they qualify to recover their investment losses. Only one day remains until tomorrow's December 23, 2019 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

Class Period: Nov. 21, 2016 – Oct. 22, 2019

Lead Plaintiff Deadline: Dec. 23, 2019

Sign Up Now: www.hbsslaw.com/investor-fraud/IRBT

Contact An Attorney Immediately: IRBT@hbsslaw.com

844-916-0895

iRobot Corporation (IRBT) Securities Class Action:

The Complaint alleges that, throughout the Class Period, iRobot reported explosive, double-digit revenue growth, which it attributed to increasing demand for its Roomba products, expanded gross margin due to distributor acquisitions, greater brand awareness and technological innovation. In reality, iRobot was engaging in channel-stuffing in order to inflate its sales and revenues figures, and had acquired two of its largest distributors in order to facilitate and conceal this deceptive practice. As a result of these misrepresentations, iRobot shares traded at artificially inflated prices throughout the Class Period.

The market learned the truth about iRobot's fraud through a series of disclosures between April 23, 2019 and October 22, 2019, when the Company, unable to continue its channel-stuffing scheme, announced disappointing quarterly revenues and poor financial guidance. All told, these disclosures caused iRobot shares to decline precipitously, wiping out significant shareholder value.

"We're focused on investors' losses and whether the company inflated its reported revenues," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of IRBT and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding iRobot should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email IRBT@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 571032

Famoid Becomes Popular After Their Approach for Instagram Marketing through Captions

Famoid Technology becomes famous in social media marketing sector after their insight into effective marketing through Instagram captions.

New Castle, United States – December 21, 2019 /MarketersMedia/

Famoid Technology LLC becomes quite popular among the masses after their article about 7 tips for writing good Instagram captions becomes an instant hit. This company explains why and how excellent caption leads to the appropriate engagement one is looking for a post. A deeply in-sighted article shows that writing good Instagram caption actually helps in reaching the targeted audience along with having maximum engagement.

This organization explains that having brilliant captions will lead to a user spending more time on a post instead of just scrolling away. It will increase the engagement of that particular post help it to rank higher with Instagram’s algorithm. Moreover, this firm also clarifies that captions are powerful marketing tools as it aids in encouraging likes, comments, etc. If a post can reach ample engagement, then it might end up on Instagram’s Explore Pager.

The director of Famoid remarked, “Well, through our 7 tips, what we wanted was to simply offer a marketing solution that is effective. Good Instagram captions are an excellent way to acquire attention of targeted customers and help a brand to become popular over the years. Furthermore, we are quite pleased the attention this post brought us and we will continue sharing such posts for everyone’s benefits.”

The company in their 7 tips post, shares that those 7 tips would help in discovering how an individual can write good captions in his/her or short videos. It is an essential part of Instagram marketing and from digital marketing companies to influencers and more, all keeps in minds such pointers to reach maximum engagement for a post.

Apart from pointing out the 7 tips for writing brilliant Instagram captions like knowing the audience, identifying brand voice, telling a story, keeping captions relevant, encouraging interaction and more; this firm also focuses on the fact that why Instagram captions matter.

It is through such an insightful article, this company has attracted the attention of the people globally. With their help people understood the essential of such captions when opting for Instagram marketing.

According to a board member of this organization, “It is our job to encourage people to check out how they can market their brand in different ways. Since social media marketing is all a rage now, we took on the path to explain to people how they can do it better when it comes to Instagram captions.”

So, if you are looking to opt for more engagement and interaction in social media posts or so, this firm is the ideal answer to your issues.

About the company:
Famoid Technology LLC was found in 2017. It was their aim to create ideal solutions when it comes to social media marketing and more. They have recently become quite popular with their services due to remarkable results and ideal customer service. They are hired primarily for increasing engagement on posts on different social sites such as Facebook, Instagram, and YouTube.

Contact Info:
Name: Daniel Smith
Email: Send Email
Organization: Famoid Technology LLC
Address: 607 Deemer PL, New Castle DE 19720
Website: https://famoid.com/

Source URL: https://marketersmedia.com/famoid-becomes-popular-after-their-approach-for-instagram-marketing-through-captions/88940448

Source: MarketersMedia

Release ID: 88940448

Ximen Mining Corporate Update

VANCOUVER, B.C. / ACCESSWIRE / December 21, 2019 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce that it has closed its non-brokered private placement previously announced on December 11, 2019. The placement consisted of 897,437 flow through shares at a price of $0.39 per share for gross proceeds of $350,000. Each Flow-Through share consists of one common share that qualifies as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act.

The net proceeds from the Offering will be used by the Company for exploration expenses on the Company's British Columbia mineral properties. The Company paid a cash commission of $17,500 and issued 44,872 finders warrants to Qwest Investment Fund Management Ltd. The finder warrants are valid for 2 years from closing with an exercise price of $0.39. All securities issued in connection with the flow through Offering will be subject to a hold period expiring April 13, 2020.

The Company also announces it has closed a further tranche of a non-brokered private placement by issuing 250,000 units for gross proceeds of $75,000. Each Unit consists of one common share at a price of $0.30 and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional common share of the Issuer at an exercise price of Cdn$0.45 per share. The Company announces April 18, 2020 as the hold expiry date for this tranche of the private placement. The net proceeds from the private placement will be used for the further exploration on the Company's British Columbia mineral properties and general working capital.

The Company also announces that it has arranged a non-brokered private placement of 132,564 flow through shares at a price of $0.39 cents per share for gross proceeds of $51,700. Each Flow-Through share consists of one common share that qualifies as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act. The net proceeds from the Offering will be used by the Company for exploration expenses on the Company's British Columbia mineral properties.

A finder's fee may be paid to eligible finders in accordance to the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V.

On behalf of the Board of Directors,

"Christopher R. Anderson"

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations:
Sophy Cesar, 604-488-3900
ir@XimenMiningCorp.com

About Ximen Mining Corp.

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

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.

Ximen Mining Corp

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900

SOURCE: Ximen Mining Corp.

ReleaseID: 571097

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – CRCM, TCBI, ARQL

NEW YORK, NY / ACCESSWIRE / December 21, 2019 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies:

Care.com, Inc. (NYSE:CRCM)

The investigation concerns whether Care.com and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the sale of Care.com, Inc. to IAC/InterActiveCorp for $15.00 per share. If you are a Care.com shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/care-com-inc-crcm-stock-merger-iac/.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

The investigation concerns whether Texas Capital and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of Texas Capital to Independent Bank Group, Inc. Under the terms of the merger agreement, Texas Capital shareholders will receive 1.0311 shares of Independent Bank for each Texas Capital share they own. If you are a Texas Capital shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/texas-capital-bancshares-inc-tcbi-stock-merger-independent-bank/.

ArQule, Inc. (NASDAQ:ARQL)

The investigation concerns whether ArQule and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of ArQule to Merck for $20.00 per share. If you are an ArQule shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/arqule-inc-arql-merck-stock-merger/.

On behalf of shareholders of these companies, Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060

sadeh@halpersadeh.com
zhalper@halpersadeh.com

https://www.halpersadeh.com

SOURCE: Halper Sadeh LLP    

ReleaseID: 571066

Kanooq Announces Chief Technology Officer Appointment Leading into 2020 Commercialization

CALGARY, CANADA / ACCESSWIRE / December 21, 2019 / Kanooq is proud to announce the appointment of Samuel Reid as Chief Technology Officer. Mr. Reid joined Kanooq's leadership team in November, to lead its Nervius technology development and early customer adoption across Industry 4.0 sectors.

"I am quite excited to be having Samuel join Kanooq's executive team and heading Kanooq's technology development as a chief technology officer," said CEO and Founder Eyad Alnuweiri. "For nearly 2 years, Mr. Reid has been instrumental in building Nervius core cybersecurity and DLT components. We look forward to his leadership and distinguished mind in building the future of industry 4.0 digital infrastructure."

Reid is a mathematician, business executive, inventor, and STEM polymath who has authored 10+ public papers, spoken at 100+ conferences and has a portfolio of classified work. He was the Chief Blockchain Engineer of the world's first government-regulated cryptocurrency exchange, the Gibraltar Blockchain Exchange, and has also held CEO positions at Clean Crude Corporation and GeometricLabs Corporation.

When asked about his new role, Reid stated, "It has been an innovative and enjoyable collaboration working on DLT software/hardware cybersecurity with Mr. Alnuweiri for almost two years, and I am happy to join Kanooq as CTO, where I will be empowered to lead the technology development and implementation of the Nervius platform for industry, academia, and government."

Mr. Reid is also part of the Space Exploration Branch of the Canadian Space Agency as a member of the Signature Technology Consultation Committee. As the CEO of Geometric Energy Corporation (NATO/U.S. DLA Commercial and Government Entity) as well as the subsidiaries Geometric Medical Corporation and Geometric Space Corporation, Mr. Reid has vast experience in the analysis and execution of project operations, logistics, technology feasibility, research and development in energy systems, aerospace, defense, cybersecurity, and medical technology. He is also Chairman of the Board of Directors of Geometric Labs Corporation and Clean Crude Corporation, as well as holding the titles of CEO at DFINI, CTO at Coinstreet Partners, and CTO at Kanooq Industries. Mr. Reid was also previously the Head of the Space at IOTA Foundation and was Co-Founder/Board Member/Intergovernmental Affairs Director of The Institute for Exotic Science.

About Kanooq:

​Kanooq Industries Inc. founded in 2018, is a Vancouver-based technology firm specializing in Industry 4.0 technology development, and maker of Nervius, a next-gen advanced reliable IOT digital infrastructure technology. The Company's technology incorporates blockchain-based cybersecurity, the internet-of-things ("IOT") and artificial intelligence ("A.I.") with the goal of providing a low-cost lightweight asset tracking and critical infrastructure monitoring for aerospace supply chain, wildfire public safety and Energy infrastructure health and safety.

Contact:
Sawyer Kotowski
Public Relations Geometric Energy Corporation
sawyer@geometricenergy.ca
https://www.geometricenergy.ca

SOURCE: Kanooq

ReleaseID: 571065

Meet The Man Behind Three Successful Multinational Companies, Djordje Novakovic

SEATTLE, WA / ACCESSWIRE / December 21, 2019 / Djordje, an individual with more than 1,400 subscribers and over 500 students on his WhatsApp and telegram platforms, is the owner of one of the largest forex groups on the internet. At the age of 21, he was the proud owner of the consulting company called Iconix Investment, located in Switzerland.

Today, Djordje is widely and uniquely known for posting live account trades on Instagram.

Outlining the Roadblocks

Entrepreneurs face a lot of obstacles and finding solutions to these problems can mean the difference between you getting your business stuck in limbo or progressing to the next level.

The obstacles that Djordje faced as a trader were the common obstacles that a trader would usually come across. His very first, and what he referred to as the easiest obstacle, was learning technical analysis. It was followed by difficulty in learning risk management and how to have a risk-free investment in trade.

Djordje's most challenging obstacle was in regards to emotion management. Keeping charge over his emotions when he experienced a loss proved to be quite the task.

As his companies continued to grow, it became complicated at a certain point to manage the amount of money that was coming in. Pressure came from advising hedge funds to invest millions and managing the large sums.

Working past the roadblocks

Djordje was able to deal with these obstacles, not just by working hard on his technical skills but also on improving his mindset. Having a circle of supportive family and friends from the onset of his career also helped him in overcoming these obstacles.

Carving a Niche in the Industry

Before he began his journey as a trader, Djordje had always taken an interest in the money-making world.

He realized that his connections in Geneva, Switzerland, would be beneficial to his course and that the financial market would be easier for him to penetrate. Networking was his forte, and he decided to use that to his advantage.

Building An Empire

Djordje has come a long way on his entrepreneurial journey, so far, he has created three companies. These companies have made a significant impact on their clients and the world at large.

The first company Djordje runs is located in Switzerland. It is a consulting firm that advises wealthy investors/institutions on the way money should be invested in the foreign exchange market.

The second company is a hedge fund located in Miami. Djordje's mission in the company is to give advice to the fund, not only on how to invest in various currencies but also on introducing new investors. Together with a close friend of his, Juan, Djordje operates a high-frequency trading algorithm.

The last company he owns is located in France, where Djordje possesses several apartments. He has placed these apartments under a civil real estate company. He believes that it is essential to invest in real estate with any extra money that you may own.

Word of advice

Do not ever give up. Djordje places importance on remembering your starting point, if you have come this far – why should quitting be an option?

Contact:

Name: Djordje Novakovic
Email: iconix.investment1@gmail.com
Company: Iconix Investment

SOURCE: Djordje Novakovic

ReleaseID: 571064

2-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infosys Limited (INFY) Investors with Significant Losses to Contact Its Attorneys, Application Deadline Approaching

SAN FRANCISCO, CA / ACCESSWIRE / December 21, 2019 / Hagens Berman urges Infosys Limited (NYSE:INFY) investors who have suffered significant losses to submit a loss form now to learn if they qualify to recover their investment losses. Only two days remain until the December 23, 2019 lead plaintiff deadline in a securities fraud class action pending against the company.

Class Period: July 7, 2018 – Oct. 20, 2019
Lead Plaintiff Deadline: Dec. 23, 2019
Sigh Up Now: www.hbsslaw.com/investor-fraud/INFY
Contact An Attorney Immediately: INFY@hbsslaw.com
844-916-0895

Infosys Limited (INFY) Securities Class Action:

The Complaint alleges Defendants misstated Infosys's true revenues by engaging in improper revenue recognition practices. The Complaint further alleges that the CEO evaded reviews and approvals of large deals to avoid accounting scrutiny, and that management pressured the Company's finance team to conceal information from auditors and the Board of Directors.

On October 21, 2019, Reuters reported the Company received whistleblower complaints alleging "unethical practices" by certain executives to boost short-term revenue and profits, in violation of generally accepted accounting principles.

This news drove the price of INFY shares sharply lower during intraday trading on October 21, 2019.

"We are focused on investors' losses and whether Infosys's senior management cooked the books," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of INFY and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Infosys should consider their options to help in the investigation or take advantage of the SEC whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email INFY@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 571027

2-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Pareteum (TEUM) Investors with $500k+ Losses to Contact Its Attorneys, Application Deadline Approaching

SAN FRANCISCO, CA / ACCESSWIRE / December 21, 2019 / Hagens Berman urges Pareteum Corp. (NASDAQ: TEUM) investors who have suffered losses in excess of $500,000 to submit their losses now to learn if they qualify to recover their investment losses. Only two days remain until the December 23, 2019 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

Most Expansive Class Period: Dec. 14, 2017 – Oct. 21, 2019

Lead Plaintiff Deadline: Dec. 23, 2019

Sign Up Now: www.hbsslaw.com/investor-fraud/TEUM

Contact An Attorney Immediately: TEUM@hbsslaw.com

844-916-0895

Hagens Berman's Pareteum Corp. (TEUM) Securities Class Action:

Hagens Berman filed an expansive Complaint on behalf of all investors who purchased or otherwise acquired Pareteum Corporation securities and pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act"). After Hagens Berman filed its Complaint, other substantially similar complaints have been filed alleging differing class periods. To date, the most expansive class Period is Dec. 14, 2017 through Oct. 21, 2019, inclusive.

According to the detailed Complaint filed by Hagens Berman, Defendants misled investors by materially misrepresenting Pareteum's true business operations and financial results.

Specifically, the Complaint alleges Defendants misrepresented Pareteum as a "rapidly growing Cloud Communications Platform company" that was poised for exponential growth due to the Company's involvement in new industries such as block chain, customer wins, a rising "36-month contract revenue backlog," and effective contract conversion rates when in truth none of that was true.

The Complaint alleges, unbeknownst to investors and contrary to Defendants' statements, Pareteum contracted with either fake entities, related-third parties, or companies so small they had no chance of ever satisfying the value Defendants assigned to their contracts. Moreover, throughout the Expanded Class Period, Defendants violated Generally Accepted Accounting Principles ("GAAP") by prematurely recognizing revenues and inflating accounts receivable.

The truth emerged through a series of disclosures occurring between June 7, 2019 and October 21, 2019, when the Company announced that it will restate its consolidated financial statements as of and for the full year ended December 31, 2018, and interim periods ended March 31, 2019 and June 30, 2019 (the "Non-Reliance Periods").

As a result of these disclosures, the value of Pareteum stock has consistently decreased, damaging investors.

On Nov. 15, 2019, after announcing the company would not timely file its quarterly financial statements as a result of its plan to restate financial statements for the Non-Reliance Periods, Pareteum disclosed that it had received a notice from Nasdaq stating the company was not in compliance with its rules and is in danger of being delisted.

On Nov. 25, 2019, Defendants announced Robert H. Turner has been terminated as Chairman and CEO of Pareteum.

"We're focused on recovering investors' substantial losses and holding Pareteum and its senior management accountable for their outright fraud," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of TEUM and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Pareteum should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email TEUM@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 571024

How To Avoid Distracted Driving And Get Cheap Car Insurance

LOS ANGELES, CA / ACCESSWIRE / December 21, 2019 / Compare-autoinsurance.org (http://compare-autoinsurance.org) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website offers car insurance info about different coverage types and money-saving tips.

Distracted driving is one of the main causes of car accidents in the US. Drivers should avoid being distracted while driving by any means possible. Drivers cannot drive safely unless the task of driving has the driver's full attention.

In order to stay safe on the roads, drivers should follow the next tips:

Turn off the phone while driving. Smartphones can easily distract the attention of any driver. Talking or texting on the phone while driving can be dangerous. While driving, drivers should turn off their phones and place them in a hard to reach location.
Use automated voice message services. Drivers can leave an automated voice message that announces the callers they are driving and will contact them later. In some situations, the calls can be too important to be missed. In these cases, drivers should pull over and then respond to their calls or call back.
Be organized. Drivers should keep all their stuff from their vehicles in an ordered manner. Having a mess in a vehicle can be a distraction for any driver. Knowing where are all the belongings can help drives avoid mental distractions. Also, before hitting the road, drivers should set their GPS routes.
Drivers should let passengers help them. Drivers that need help while driving, should ask the passengers to help them. By doing so, drivers can stay focused on the road while the passengers can do other tasks for them such as answering important phone calls.
Driving with pets should be avoided. Drivers should try driving without their pets. If that is not possible, then drivers should secure their pets while driving. Also, they should try to place their pets in the backseat and they should not be distracted by the barks or any other sounds their pets can make.

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"Drivers should always stay focused on the road and avoid distractions of any kind. By doing so, they will stay safe on the road and will avoid having their premiums increased," said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact Name: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

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