SAN FRANCISCO, CA / ACCESSWIRE / January 27, 2020 /   Hagens Berman urges Green Dot Corporation (NYSE:GDOT) 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. The February 17, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives is fast approaching.

Class Period: May 9, 2018 – Nov. 7, 2019

Lead Plaintiff Deadline: Feb. 17, 2020

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

Contact An Attorney Immediately: GDOT@hbsslaw.com

844-916-0895

Green Dot Corporation (GDOT) Securities Class Action:

The Complaint alleges Defendants misled investors concerning Green Dot's business and operations.

More specifically, according to the Complaint, Green Dot, CEO Steven W. Streit, and CFO Mark Shifke misrepresented and concealed that: (1) Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers; (2) Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment; and, (3) consequently, Green Dot's business strategy was self-sabotaging.

The truth about Green Dot's failed business strategy was revealed over a series of disclosures beginning on Feb. 21, 2019, when Green Dot reported poor FY 2018 financial results, which drove the price of Green Dot shares down about 10% that day.

Then, on May 9, 2019, the Company disappointed investors when it slashed earnings guidance and announced it would be dramatically increasing spending on technology and marketing to attract new users. This news caused a massive 26% drop in Green Dot's share price.

On Aug. 8, 2019, Green Dot announced another guidance reduction due to a steep decline in legacy prepaid card product line and the Company's delay in launching its newest BaaS product. This news caused Green Dot's shares to plummet another 42%.

On Nov. 7, 2019, CEO Streit blamed disappointing financial results for the third fiscal quarter and nine months ended Sept. 30, 2019 on the continuing year-over-year decline of accounts in its active consumer business approximating 620,000 and revealed these were mostly "one-time use accounts." This news caused Green Dot's shares to plummet over 18% on Nov. 8, 2019.

On Dec. 18, 2019, Defendants announced that CEO Streit and CFO Shifke would be leaving their positions effective Dec. 31, 2019. This news drove the price of Green Dot shares down as much as 15% during intraday trading that day and prompted certain analysts to issue sell ratings.

Recently, on Jan. 14, 2020, a Seeking Alpha contributor published an article concluding "Green Dot (GDOT) looks like a raging dumpster fire to me." The contributor observed (1) "loan delinquency is skyrocketing in a booming economy where other banks are reporting robust consumer behavior," (2) "GDOT's active accounts are declining (down 5% in Q3 '19) due to competitive pressure," and, (3) "[w]ith the sudden departures last month, investors should heavily discount GDOT's product road map."

If you invested in Green Dot between May 9, 2018 and Nov. 7, 2019 (the "Class Period") and suffered significant losses, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case. Contact Hagens Berman immediately for more information about the case and being a lead plaintiff.

"We're focused on investors' losses and proving Defendants misled investors about Green Dot's growth prospects, asset quality, and existing account metrics," said Hagens Berman partner Reed Kathrein.

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

Whistleblowers: Persons with non-public information regarding Green Dot 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 GDOT@hbsslaw.com.

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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: 574275

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / EastCoal Inc. (TSXV:ECX-H) ("EastCoal" or the "Company") is pleased to announce that it has entered into a letter of intent dated January 27, 2020 (the "LOI") with American Mining Group, LLC ("AMG") and Bluff Mountain Development LLC ("Bluff Mountain"). Pursuant to the LOI, the Company will, subject to certain conditions, complete a transaction to purchase 100% of the LLC membership interests of AMG and certain land from Bluff Mountain (together, the "Sellers") (collectively, the "Transaction").

Upon completion of the Transaction, the Company will own all of the assets and liabilities of AMG, including, but not limited to certain coal leases in Fayette County, West Virginia as well as land adjacent to the coal leases.

The Transaction

Pursuant to the terms of the LOI:

(a) EastCoal will acquire all of the issued and outstanding share capital of AMG, a company that owns the coal leases of the Spring Dale coal property (the "Spring Dale Property") located in Fayette County, West Virginia for a purchase price of US$957,500 to be paid as common shares in the capital of EastCoal (the "Shares");

(b) EastCoal will acquire land adjacent to the Spring Dale Property from Bluff Mountain for a cash payment of US$42,500; and

(c) EastCoal will enter into a definitive agreement (the "Definitive Agreement") with the Sellers.

Closing of the Transaction will be subject to, among other things, the following conditions:

(a) entry into the Definitive Agreement;

(b) the Company completing a financing (the "Financing") to raise funds for the resumption of mining activity on the Spring Dale Property;

(c) entry into certain agreements by the Company with creditors of either AMG or Bluff Mountain, as applicable;

(d) the Company being satisfied as to the results of its due diligence investigations of the Sellers; and

(e) receipt of all required regulatory approvals, including approval from the TSX Venture Exchange (the "TSXV").

If completed, the Transaction will constitute a "Fundamental Acquisition" of the Company, for the purposes of the policies of the TSXV, and will require the Company to, among other things, prepare and submit a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

The Spring Dale Property

The Spring Dale Property is covered by a long-term lease owned by AMG on approximately 21,000 acres located in Fayette and Greenbrier counties in West Virginia. The Spring Dale Property is production-ready and following completion of the Transaction, EastCoal plans to restart production of metallurgical coal from the desirable Pocahontas seams.

John Conlon, Chairman of EastCoal commented, "This unique opportunity, if completed successfully, will allow the Company to re-enter the metallurgical coal industry in an area that is very well known to EastCoal. The Spring Dale Property is production ready and we expect to generate cash flows within 8 to 10 weeks of production. Our team will comprise of a team of executives with extensive coal experience, a proven success record in the Appalachian region and in building start-up ventures into successful companies."

Trading Halted

At the Company's request, trading in the Shares of the Company has been halted. Trading in the Shares will remain halted throughout the completion of the Transaction until such time as the TSXV may determine.

Further Disclosure

The Company will issue further news releases regarding the Transaction and the Definitive Agreement as information becomes available.

About EastCoal Inc.

EastCoal Inc. is publicly trading mining issuer currently listed on the NEX Board of the TSXV.

For further information, please contact:

EastCoal Inc.

Attention: Damien Forer
Phone: 778-960-8517

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

Forward Looking Information

This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and the Transaction. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: (i) expectations regarding whether the Transaction will be consummated, including whether conditions to the consummation of the Transaction will be satisfied including, but not limited to, the necessary board, shareholder and regulatory approvals and the timing associated with obtaining such approvals, if at all; and (ii) anticipated commencement of production on the Spring Dale Property. 

Such forward-looking information and statements are based on numerous assumptions, including among others, the following: that the conditions for the completion for the Transaction will be met, including the receipt of all required approvals in connection with the Transaction; completion of the applicable geological reports or studies; that general business and economic conditions will not change in a material adverse manner; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned production activities, upon completion of the Transaction, will be available on reasonable terms and in a timely manner. 

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of the Company's management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: (i) the ability to consummate the Transaction, if at all; (ii) the ability to obtain requisite regulatory and shareholder approvals and the satisfaction of other conditions to the consummation of the Transaction on the proposed terms; (iii) the potential for delays in production activities or the completion of geologic reports or studies in connection with the Spring Dale Property; (iv) the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; (v) the business plans and expectations of the Company; (vi) Company's ability to secure the Financing in connection with the Transaction; (vii) trading in the Shares and when such trading will resume, if at all; (viii) the completion of and the issuance of Shares pursuant to the Transaction; (ix) the issuance of and timing associated with issuing a further comprehensive news release or news releases; (x) changes in general economic, business and political conditions, including changes in the financial markets; and (xi) expectations for other economic, business, and/or competitive factors. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. 

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

SOURCE: EastCoal Inc.

ReleaseID: 574292

This News Release is not for Distribution or Dissemination in the United States of America

TORONTO, ON / ACCESSWIRE / January 27, 2020 / GreenBank Capital Inc (CSE:GBC)(OTCMKTS:GRNBF) ("GreenBank or the Company") announces that Saurabh Srivastava has resigned as a director in order to pursue other interests. The Board of Directors thanks Mr. Srivastava for his services and contributions to GreenBank while serving as a Director of the Company.

About GreenBank

GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL). GreenBank's 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank's portfolio companies comprise equity investments in 14 small cap businesses, namely; 52.5% of Blockchain Evolution Inc, owners of the world's first identification based blockchain, and developers of Xbook a user permissioned and revenue sharing social media platform; 22.6% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 47.7% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of Cannabis Blockchain Inc, developers of a digital information management system for the cannabis industry; 59.5% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; 19% of Inside Bay Street Corporation, a financial news communications company; 34.8% of Gander Exploration Inc, a minerals exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 25% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 100% of Expatriate Assistance Services Inc, providing relocation services to expatriates; and 11.2% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.

For more information please see https://www.GreenBankCapitalinc.com or contact Mark Wettreich at (647) 693 9411 or by email Mark@GreenBankCapitalinc.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank's investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GreenBank Capital Inc.

ReleaseID: 574291

VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / Glenbriar Technologies Inc. (CSE:GTI.X) (the "Company") wishes to provide an update to its March 15, 2019 press release announcing an arms length agreement to acquire all of the shares of private BC-based Eleos Robotics Inc. ("Eleos"). The agreement contemplated that the Company will issue 100% of the issued and outstanding shares of the Company, at a deemed value of approximately $4.75 million, to the shareholders of Eleos, but only upon certain development and commercialization milestones being met, which was anticipated to take up to12 months.

To date, the Company has advanced $665,000 to Eleos for development purposes. The parties have decided to terminate the proposed reverse take over of the Company by the Eleos shareholders. In its stead, the Company has acquired 18% of Eleos in return for advances made. The Company also has rights of first refusal in respect to future financings, and Eleos will repay $40,000 of out of pocket expenses the Company has incurred in this transaction.

The Company is actively looking at other possible acquisitions in the technology field. Its shares have been halted from trading pursuant to CSE policies governing reverse takeovers. Now that no longer applies, the Company anticipates that trading will resume shortly.

About Eleos

Eleos plans to design a fully autonomous, eco-friendly, and sustainable weeding technology for growers. Once built, the RoboWeeder is anticipated to be sold fully maintained and monitored remotely. The technology better reflects consumer demand for organic produce and uses cutting-edge technology in robotics and artificial intelligence. There are several patents pending surrounding this technology.

Once completed the RoboWeeder is expected to be a technology driven solution to a farm process that is time-consuming, laborious, and expensive and currently has no sustainable alternatives. It proposes to reduces labour and make herbicides obsolete. Unlike pulling or hoeing weeds, it is fully automated, and unlike herbicides, is sustainable and eco-friendly. The RoboWeeder is expected to save time, increase productivity, and is fully organic.

RoboWeeder is anticipated to be able to detect, identify, and then eliminate weeds that destroy growers' crops. It is anticipated that it will autonomously patrol crops searching for weeds, and then eliminate them with a high-precision directed microwave. The target goal will be to create a 10-acre "weed-free zone". It is proposed to be self-charging with an autonomous station and be able to operate day and night without supervision.

Significant progress has been made on the development of the RoboWeeder. An international winery in Kelowna has agreed to test it in its operations starting in the spring. In addition to garnering attention from multinational agricultural companies, Eleos has been successful at various international forums and competitions for innovative technology, including placing second at the Fourth Agro Challenge Global Championships in Thessaloniki, Greece in September, 2019, where there were over 700 entries.

For further information, please contact:

Doug Taylor, CEO
Investor Relations
Telephone: 1 (604) 343-2977
E-mail: irglenbriartech@gmail.com

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

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

SOURCE: Glenbriar Technologies Inc.

ReleaseID: 574288

NEW YORK / ACCESSWIRE / January 27, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Adamas Pharmaceuticals, Inc. (NASDAQGM: ADMS)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/adamas-pharmaceuticals-inc-loss-submission-form?prid=5364&wire=1
Lead Plaintiff Deadline: February 10, 2020
Class Period: August 8, 2017 to September 30, 2019

Allegations against ADMS include that: (1) health insurers were excluding Adamas's primary product, GOCOVRI, from their prescription formularies or requiring patients to use "step therapy" – i.e., making patients try immediate-release amantadine prior to covering GOCOVRI; (2) the rapid increase in physicians prescribing GOCOVRI during the Class Period was not due to its efficacy; and (3) as a result of the foregoing, the Company's financial statements about Adamas's business, operations, and prospects were materially false and misleading at all relevant times.

HEXO Corp. (NYSE: HEXO)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/hexo-corp-loss-submission-form?prid=5364&wire=1
Lead Plaintiff Deadline: January 27, 2020
Class Period: January 25, 2019 to November 15, 2019

Allegations against HEXO include that: (1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer had value; (2) HEXO was engaging in channel-stuffing in order to inflate its revenue figures and meet or exceed revenue guidance provided to investors; (3) HEXO was cultivating cannabis at its facility in Niagara, Ontario that was not appropriately licensed by Health Canada; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/fiat-chrysler-automobiles-n-v-loss-submission-form?prid=5364&wire=1
Lead Plaintiff Deadline: January 31, 2020
Class Period: February 26, 2016 to November 20, 2019

Allegations against FCAU include that: (1) the Company employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) as a result, Defendants' statements about Fiat's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 574276

BALA CYNWYD, PA / ACCESSWIRE / January 27, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of AquaVenture Holdings Limited. ("AquaVenture" or the "Company") (NYSE:WAAS) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Culligan International Company ("Culligan"). Under the terms of the agreement, AquaVenture shareholders will receive only $27.10 for each share of AquaVenture stock owned.

The investigation concerns whether the AquaVenture Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Culligan is underpaying for the Company.

If you own shares of AquaVenture stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/aquaventure-holdings-limited-nyse-waas/, or calling toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 574282