Monthly Archives: February 2020

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SSL, BYND and WBK

NEW YORK, NY / ACCESSWIRE / February 26, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Sasol Limited (NYSE:SSL)
Class Period: March 10, 2015 to January 13, 2020
Lead Plaintiff Deadline: April 6, 2020

The complaint alleges that throughout the class period Sasol Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project ("LCCP"), as well as the true cost of the project; (ii) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) these issues were exacerbated by Sasol's top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project's oversight; (iv) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company's financial results; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in SSL: http://www.kleinstocklaw.com/pslra-1/sasol-limited-loss-submission-form?id=5529&from=1

Beyond Meat, Inc. (NASDAQ:BYND)
Class Period: May 2, 2019 to January 27, 2020
Lead Plaintiff Deadline: March 30, 2020

The BYND lawsuit alleges Beyond Meat, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) Beyond Meat's termination of its supply agreement with Don Lee constituted a breach of that agreement, thus exposing the Company to foreseeable legal liability and reputational harm; (ii) Beyond Meat and certain of its employees had doctored and omitted material information from a food safety consultant's report, which the Company represented as accurate to Don Lee; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in BYND: http://www.kleinstocklaw.com/pslra-1/beyond-meat-inc-loss-submission-form?id=5529&from=1

Westpac Banking Corporation (NYSE:WBK)
Class Period: November 11, 2015 to November 19, 2019
Lead Plaintiff Deadline: March 30, 2020

Throughout the class period, Westpac Banking Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) contrary to Australian law, the Company failed to report over 19.5 million international funds transfer instructions to the Australian Transaction Reports and Analysis Centre ("AUSTRAC"); (2) the Company did not appropriately monitor and assess the ongoing money laundering and terrorism financing risks associated with movement of money into and out of Australia; (3) the Westpac did not pass on requisite information about the source of funds to other banks in the transfer chain; (4) despite being aware of the heightened risks, the Company did not carry out appropriate due diligence on transactions in South East Asia and the Philippines that had known financial indicators relating to child exploitation risks; (5) the Company's Anti-Money Laundering and Counter-Terrorism Financing Policy Program was inadequate to identify, mitigate and manage money laundering and terrorism financing risks; and (6) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in WBK: http://www.kleinstocklaw.com/pslra-1/westpac-banking-corporation-loss-submission-form?id=5529&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 578047

DigiMax Adds Australian Renewable Power Company LOTUS ENERGY as Active Client

TWO KEY PEOPLE ADDED TO THE DIGIMAX TEAM

Highlights:

Lotus Energy has over 94 MWs already funded either in operation or coming on-line
Contracted revenue from these is forecast at $27 million in 2020 and $32 million 2021
Lotus Energy has over 500 MWs of new projects to develop into its existing pipeline
Sister-company has over 30 years of renewable energy operations with more than 1,000 MW's installed
Existing revenues cover ALL fixed operating costs
Power rates in Australia are among the highest in the world
All projects have long-term commercial Power Purchase Agreements
Energy projects generate revenues from commercially priced power generation PLUS maintenance contracts, related service contracts, and government subsidies
1,500 MWs of additional greenfield projects in process of being contracted in Australia, Asia and Africa over next 3 to 5 years

TORONTO, ON / ACCESSWIRE / February 26, 2020 / DIGIMAX GLOBAL SOLUTIONS (CSX:DIGI) (the "Company" or "DigiMax") is pleased to announce that it has officially commenced its consulting efforts with Lotus Energy Cooperative ("Lotus Energy"), based in Melbourne, Australia.

Renewable energy generator and developer Lotus Energy is swiftly capturing the growing clean energy market, with a projected 500 MWs of near shovel-ready projects to be added into its existing project pipeline plus a 1.5 GW project is anticipated to be signed-off to commence over the next 12 months.

Lotus Energy already has 94MW installed or being installed currently in Australia. These installations will generate approximately $27M in revenues in 2020 and $32M in 2021 and will continue to produce contracted income for the next 30 years.

A further 500MW of installations have been developed and are at various stages of contracting in Australia, Africa, India, and the United Kingdom, all of which can be deployed over the next 12 months.

Lotus Energy is a Distributive Co-Operative based in Australia, entitling its equity holders to receive dividends from project net profits from all co-operative revenue flows.

Lotus Energy's current and planned projects span multiple countries providing both diversification and stable cash flow for investors over long time horizons.

Dividend entitlements embrace profits from all co-operative revenue streams including sale of energy, energy transfer fees, maintenance contracts, government grants and subsidies, electric vehicle station revenues, and bi-product revenues such as recycling electrical cabling and recycling of end of life solar panels.

In Australia, Lotus Energy's projects benefit from government subsidies equal to up to 30% of capital costs, which decreases risk and improves investor ROI.

Lotus Energy is developing an innovative peer-to-peer energy exchange. It's proprietary energy transfer system known as LET-NET, will allow people to exchange energy or economic value of energy, globally between residential solar array, commercial solar array, and electric vehicle charging stations and energy storage batteries to encourage a smarter, cost effective and more connected grid.

Lotus Energy's also engages in alternative sources of revenue such as contract renewable energy projects. One example of this is the planned conversion of the fossil fuel power supply of 50,000 cell towers (of a total of 300,000 cell towers) to solar renewable energy, replacing costly diesel generation.

"Capitalizing on 30 years of development and operating experience in the renewable energy industry, we are excited about capitalizing on our new contracts that are underpinned by 30-year power purchase agreements, and strong EPC contracts with our equipment manufacturer partners" says Anthony Vippond, CEO of Lotus Energy said at a recent conference. "We believe that Lotus Energy is well on its way to becoming one of the largest and most successful renewable energy providers in the world."

The management group behind Lotus Energy has more than 100 years of combined successful experience in funding, installation and technical operation of renewable projects in three continents. Management, strengthened by multi-generational experience as clean energy practitioners in Australia, are using this exceptional history to accelerate their path to becoming a global leader in renewable energy installation operations and energy transfer technology.

Lotus Management Team

Anthony Vippond – Founder and CEO

Anthony Vippond, with nearly thirty years of experience as a C-level executive, is experienced at operating established energy enterprises, as well as scaling young ventures into high-value companies. Having owned and managed All Electrical Group (AEG), a top Australian electrical and communications company, Anthony grew the operations from 6 members, to a 100-employee conglomerate in under a decade. After AEG became a market leader, he led a successful exit and went on to manage Torus Group, a clean energy conglomerate for over 20 years. Throughout his tenure with these companies, Anthony worked as a board member and director of other ventures relating to clean energy, robotics, automation, construction and advanced communications technologies.

Ian McBain – Founder and Head of Finance and Treasury

With 40 years of work as a Chartered Accountant and Corporate Advisor, Ian McBain uses his experience in business development to advance Lotus Energy's expansion. Having prepared expert business forensic reports for presentation at the Supreme Court of Australia Ian has assisted businesses with corporate IPO floats and held numerous advisory positions.

Lt. Colonel (Retired) Kyle Tyrrell – Chief of Operations

After serving with the Australian Army as an Infantry Officer, Kyle lead the counter-terrorism, Security and Intelligence division of Australia's National Security Agency. Holding an MBA, GAICD, CPM, PSC(j), and over 30 years of practical leadership experience in highly complex situations, Kyle has a proven record of significant contribution to the vision of the organization he serves.

James Madden – Co-Founder

Since 1998, James worked with the largest enterprise accounts within IBM, managing both hardware and software projects in the renewable energy sector. James has experience managing large teams to deliver complex programs of work. James experience spans both traditional methodologies (waterfall), to agile methodologies.

New Additions to DigiMax Team

DigiMax is pleased to confirm that it has added two individuals to its banking and consulting teams to further attract and assist its business consulting clients.

Natu Myers, Registered Dealing Representative

Natu joined DigiMax a few months ago as a consultant and was recently approved by Ontario regulators as a Registered Dealing Representative for DigiMax Capital Corp, an Exempt Market Dealer in Ontario wholly owned by DigiMax. Natu has a strong proficiency in blockchain and digital currencies and holds a Bachelor of Computer Science from Queen's University.

Chris Ciaravino, Business Development Consultant

Chris recently joined DigiMax to add bench strength to our renewable energy and structured-finance business clients. Chris holds a full Chartered Financial Analyst (CFA) charter, is a Board Member of the Canadian Nuclear Society, and has developed a strong knowledge and contact base in blockchain-related businesses. He has also participated directly in a large structured-finance funding which requires highly specialized contracts including long-term offtake, long-term supply, EPC and Operating contracts all with liquidated damages. Chris holds a Bachelor of Science in Chemical Engineering, with a Minor in Sustainable Energy from the University of Toronto.

About DigiMax

DigiMax is based in Toronto and is the first global company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and to be approved by OSC in Ontario, Canada as an 'Exempt Market Dealer'.

DigiMax is currently seeking to become a registered dealer in several other countries and is developing a state-of-the-art platform with its partners to provide qualified investors preferred access to high quality digital security offerings in the rapidly growing Digital Security market. DigiMax also assists companies to raise capital through traditional forms of securities.

The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence with joint venture partnerships already established in such important geographies as USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta with discussions or negotiations underway in several more.

DigiMax Contacts:

Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com

Natu Myers
Corporate Consultant
613-402-1167
nmyers@digimax-global.com

Chris Ciaravino
Corporate Consultant
416-723-3527
cciarvino@digimax-global.com

Damon Stone
Corporate Consultant
647-465-0148
dstone@digimax-global.com

Cautionary Note Regarding Forward-looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company's name.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: DigiMax Global Solutions

ReleaseID: 577971

Anti-fatigue Cosmetics Sales to Grow at 4% CAGR During 2019 – 2029; Creams Remain Top Selling, Reveals Fact.MR

Prominent players in the anti-fatigue cosmetics market are emphasizing organic and natural product ingredients and diversification of portfolios in developed markets to gain a competitive advantage.

DUBAI, UAE / ACCESSWIRE / February 26, 2020 / The anti-fatigue cosmetics industry is projected to rise at a moderate CAGR of 4% between 2019 and 2029. Impact of unhealthy eating habits, high stress, and improper sleep patterns are the primary factors driving sales. The transition from conventional grooming products to specifically anti-fatigue options will continue to aid the growth of the anti-fatigue cosmetics market, reveals Fact.MR in its new study.

"Consumers have evolved beyond traditional grooming products and are developing strong interest in functional products such as anti-fatigue cosmetics. Although representing a niche segment currently, these cosmetics reflect a promising growth outlook in the following years," concludes the Fact.MR report.

Request PDF Sample of the 170-page report on the anti-fatigue cosmetics market-

https://www.factmr.com/connectus/sample?flag=S&rep_id=4501

Anti-fatigue Cosmetics Market – Key Takeaways

Creams remain bestsellers, accounting for around 35% of total sales in market.
Offline sales continue to contribute significantly, majorly accounted by supermarkets and hypermarkets.
Natural ingredients such as pomegranate, seaweed, cucumber, herbs, and citrus fruits are entering mainstream.
Anti-fatigue cosmetics are to gain major consumer demand as organic ingredients generate lucrative opportunities for producers.
North America remains the leading regional market, with the rising incidences of chronic fatigue and insomnia.

 

Anti-fatigue Cosmetics Market – Key Driving Factors

Hectic lifestyle and rising levels of pollution are driving the adoption of anti-fatigue cosmetics.
Widening product range is sustaining growth of the industry.
The rising number of awareness campaigns about skin care procedures by cosmetics brands is a major driver.
A transition from synthetic to natural ingredients contributes to sales of anti-fatigue cosmetics.

Explore 81 tables and 136 figures in the study. Request ToC of the report at-

https://www.factmr.com/report/4501/antifatigue-cosmetics-market

Anti-fatigue Cosmetics Market – Key Constraints

Widespread proliferation of counterfeit products is a major challenge for anti-fatigue cosmetics manufacturers.

Competition Landscape

The global anti-fatigue cosmetics market is largely fragmented. The leading players profiled in the report include, but are not limited to Colame Cosmetics Co., L'Oréal, Christian Dior SE, Unilever plc, and Estee Lauder. Market leaders are investing in product innovation. Key players are channeling their efforts in consumer engagement practices through social media platforms. Marketing and promotion strategies are also gaining importance as indicated by the Fact.MR report.

About the Report

This 170-page study offers readers a comprehensive market forecast of the anti-fatigue cosmetics market. Global, regional and country level analysis of the latest industry trends impacting the anti-fatigue cosmetics market are covered in this Fact.MR study. The report offers compelling insights on the anti-fatigue cosmetics market on the basis of product form (cream, oil, lotion, serum, and gel), distribution channel (offline and online), across six regions (Middle East and Africa, South Asia & Oceania, East Asia, Europe, Latin America, North America).

Explore Fact.MR's Comprehensive Coverage on Retail & Consumer Goods Landscape

Color Cosmetics Market– Learn more about the key influencing factors affecting the global color cosmetics market poised for robust growth during the projection period (2017-2022).

Fragrances Market– Acquire comprehensive knowledge about the global fragrances market through Fact.MR's detailed report covering niche segments, market dynamics, recent industry developments and prominent market players for the forecast period of 2017-2022.

Organic Color Cosmetic Products Market– Obtain Fact.MR's comprehensive analysis on the global organic color cosmetic products market spanning dynamic market factors, key trends and successful strategies of market leaders projected for 2017-2022.

About Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Retail & Consumer Goods sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

 

CONTACT:
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog – https://blog.factmr.com/
PR- https://www.factmr.com/media-release/1279/global-antifatigue-cosmetics-market

SOURCE: FactMR

ReleaseID: 577972

American Premium Water Corp (OTC:HIPH) To Sell New 100mg CBD Shots and Flavored Water at the Champs Trade Show in Las Vegas

The Champs tradeshow is the largest in the country that connects smokeshop distributors to brands

PLAYA VISTA, CA / ACCESSWIRE / February 26, 2020 / American Premium Water Corporation (OTC PINK:HIPH) ("the Company") announces that it will be selling its new LALPINA 100mg CBD shots and LALPINA CBD Flavored Water at the CHAMPS Winter Trade Show, at the Las Vegas Convention Center, February 26thth-28th. Champs Trade Shows have established itself as the premier counterculture, business-to-business, wholesale trade expo serving the smoke shop industry. The Company's representatives will be selling LALPINA CBD products at Booth # 909, through a co-sharing agreement.

American Premium Water Corporation CEO Ryan Fishoff stated "I am excited that our products will be for sale at the CHAMPS Trade Show in Las Vegas this week. I had the pleasure of attending the event last year where I saw first-hand how much CBD had become a focal point of this event. There were many distributors and buyers looking for the newest CBD products, and I quite confident that this year our LALPINA 100mg CBD shots and Flavored CBD water will be a huge hit. While it is early in the products lifecycle, the opportunity to have our product at another vendors booth was too good to pass up. While I wish I could be there to help sell the product, I am quite confident that our team will be successful."

"The initial feedback that the Company received from the CBD Expo a few weeks ago was extremely positive. The response was that efficacy of the product was tremendous. Our cutting edge Hydro Nano technology increases the bioavailability of CBD up to 90%, which allows for a very competitive price point. The combination of CBD experience and price were big selling points of our products for the distributors at the CBD Expo. I am very confident that these products will be a smash hit at the CHAMPS show, and we look to add more retails accounts in advance of the official retail launch in the coming months. It is an exciting time for the Company. In addition to these product launches, the Company is working on innovative ways that we can work with Q4 Sports on our upcoming retail launch. Since we closed the transaction last week, we have been working with Q4 closely on different initiatives. I suggest reading the recent Forbes article where Q4's CEO was interviewed. I look forward to updating shareholders about the Company's performance at the show as well as the initiatives that we will be launching as we get closer to the retail launch ." Concluded Mr. Fishoff

Goldman Research initiated coverage of the Company on February 13th 2020, giving a $0.0125 price target. To read the full report, click here

LALPINA CBD water can be purchased online at visiting
https://www.singleseed.com/product/lalpina-cbd-water-6-pack/

LYNKS Pet CBD Water can be purchased online:
https://www.singleseed.com/product/lynks-cbd-pet-water-6-pack/

Vanexxe can be purchased on Amazon here

About American Premium Water Corp.

American Premium Water (OTC:HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of Nano technologies paired without cannabidiol (CBD) to treat health disorders and enhance quality of life. The company's portfolio includes the LALPINA Hydro and LALPINA CBD brands (www.lalpinahydrocbd.com), Q4 Sports (www.q4sports.com) Gents (www.gentsco.com), Vanexxe (www.vanexxe.com) and plant + body essentials (www.plantbodyessentials.com).

American Premium Water strives in providing only the highest quality CBD sources for its products, with quality control being one of our first and foremost focuses. The Company aims for this standard not only for compliance reasons, but also to provide our customers the highest quality product possible.

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

Investor Relations Contact
info@americanpremiumwater.com
888-983-0054

This press release is issued on behalf of the Board of Directors of American Premium Water Corporation

SOURCE: American Premium Water Corporation

ReleaseID: 577952

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against 500.com Limited

LOS ANGELES, CA / ACCESSWIRE / February 26, 2020 / Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming March 16, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of 500.com Limited ("500.com" or the "Company") (NYSE:WBAI) investors who purchased securities between April 27, 2018 and December 31, 2019, inclusive (the "Class Period").

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On December 31, 2019, the Company disclosed an internal investigation regarding alleged illegal money transfers after one of its former directors was arrested. 500.com also announced that its Chairman of the Board of Directors resigned and that its Chief Executive Officer would "step aside" from his position until the investigation concluded.

On this news, the Company's share price fell $1.07, or over 12%, to close at $7.52 per share on January 2, 2020, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that 500.com executives and consultants engaged in a bribery scheme with Japanese officials in an effort to gain favor in a bid to run an upcoming Japanese casino resort; (2) that consequently, 500.com was in violation of Japanese anti-bribery laws and its Code of Ethics; and (3) that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased 500.com securities during the Class Period, you may move the Court no later than March 16, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class-action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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

CONTACT:
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

SOURCE: Glancy Prongay & Murray LLP

ReleaseID: 577901

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Portola Pharmaceuticals, Inc. (PLTA)

LOS ANGELES , CA  / ACCESSWIRE / February 26, 2020 / The Law Offices of Frank R. Cruz reminds investors of the upcoming March 16, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of Portola Pharmaceuticals, Inc. ("Portola" or the "Company") (NASDAQ:PTLA) investors who purchased securities between November 5, 2019 and January 9, 2020, inclusive (the "Class Period").

If you are a shareholder who suffered a loss, click here to participate.

On January 9, 2020, Portola announced preliminary net revenues of only $28 million for the fourth quarter of 2019. Portola attributed the result to a $5 million reserve adjustment for short-dated product, and flat quarter-over-quarter demand.

On this news, the Company's share price fell $9.98, or approximately 40%, to close at $14.76 per share on January 10, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Portola's internal control over financial reporting regarding reserve for product returns was not effective; (2) that Portola was shipping longer-dated product with 36-month shelf life; (3) that Portola had not established adequate reserve for returns of prior shipments of short-dated product; (4) that, as a result, Portola was reasonably likely to need to "catch up" on accounting for return reserves; and (5) that, 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.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased or otherwise acquired Portola securities during the Class Period, you may move the Court no later than March 16, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

CONTACT: 

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

SOURCE: Glancy Prongay & Murray LLP

ReleaseID: 578043

Huawei Upgrades SingleFAN Pro Solution to Boost Gigabit Full-fiber Broadband Development

LONDON , UK / ACCESSWIRE / February 26, 2020 / At the Huawei products and solutions launch event in London, Huawei announced it had upgraded the Huawei SingleFAN Pro solution. The solution provides a series of sub-solutions, including AirPON, BusinessPON, CurbPON, Digital QuickODN (DQ ODN), embedded AI (eAI) ONT, and Flex-PON (A-B-C-D-E-F), to help global operators deploy gigabit full-fiber access networks in various scenarios.

Fiber broadband is critical for operators to succeed in the future. Global operators are actively investing in fiber broadband infrastructure. China, Japan, South Korea, Spain, France, the UK, Saudi Arabia, and the United Arab Emirates have launched a series of strategic initiatives to accelerate fiber broadband construction. Leading operators in both developed and emerging markets are actively seeking the most efficient fiber broadband construction mode to gain a competitive edge in the next decade.

Jeffrey Zhou, President of Huawei's Access Network Domain, said, "As a global leader in the fiber broadband industry, Huawei is committed to providing operators with leading full-fiber access solutions. Huawei's upgraded SingleFAN Pro solution can fully adapt to different gigabit fiber broadband requirements of global operators. By fully utilizing live networks, these end-to-end sub-solutions help operators quickly build gigabit full-fiber access networks and achieve business success in broadband markets."

To enable mobile operators to efficiently build fixed networks, Huawei provides the AirPON sub-solution to reuse existing mobile stations to install outdoor OLT devices and lay out fibers, reducing CAPEX by 27%. Using this solution, the ODN network is visible from end to end, reducing the ODN sunk cost by 20%. Fibers are pre-connected in the construction process, improving the construction efficiency by 70%.

For the enterprise gigabit access scenario, Huawei provides the BusinessPON sub-solution based on the OptiXstar series four-in-one enterprise gateways. The solution fully utilizes existing FTTH networks to fulfill the cloudification requirements of small- and medium-sized enterprises. It also removes the need for dedicated maintenance personnel, achieving zero service interruption while greatly improving the ARPU of enterprise users.

For the copper-to-fiber evolution scenario, Huawei provides the CurbPON sub-solution to reuse street cabinets of existing FTTC sites to deploy mini OLTs. This solution shortens the average fiber deployment distance from 2 km to 500 m. It reduces the fiber deployment period and cost, and enables copper operators to rapidly roll out FTTH networks.

For the fiber network construction scenario, Huawei provides the DQ ODN sub-solution to introduce all-scenario AI capabilities. In this solution, OLTs can work with ONTs to accurately identify passive ODN links. Furthermore, the iMaster NCE-FAN platform makes dumb ODN pipes visible and manageable, helping operators fully utilize ODN resources.

For the home network scenario, Huawei provides the industry's first series of eAI ONTs which can intelligently identify service types of home users. With innovative Wi-Fi 6 slicing and intelligent power adjustment technologies, the ONTs can reduce the latency of specific services by more than 50%, achieving zero frame freezing for high-priority services. By leveraging this advantage, operators can launch value-added services with a guaranteed experience to improve the average revenue per user (ARPU) of home broadband users.

For the gigabit upgrade scenario, Huawei provides the Flex-PON sub-solution which supports GPON, XG(S)-PON, and XG(S)-PON Combo auto-sensing, enabling smooth evolution without replacing line cards. Once a network is built, it can meet the requirements of the next decade, saving 30% of TCO in the long run.

Jeffrey Zhou said, "The era of gigabit full-fiber broadband has arrived. Huawei's SingleFAN Pro, including the A-B-C-D-E-F series sub-solutions, provides end-to-end solutions to help operators quickly build gigabit full-fiber access networks that can meet the requirements of the next decade at an optimal cost, helping operators to transform from bandwidth monetization to experience monetization and achieve greater business success."

 

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 188,000 employees by the end of 2018, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.youtube.com/Huawei

CONTACT:

Raymond Chou
raymond.chou@wmglobal.com

SOURCE: Light Reading Inc.

ReleaseID: 578042

Conscience Enterprise Throne Legacy Capital Ltd Dedicates Its Love and Help Fight Against the Outbreak

NEW YORK, NY / ACCESSWIRE / February 26, 2020 / It would have been a time of hope and opportunity for all, however, the beginning of 2020 had been brought into the haze by an epidemic. Affected by the Coronavirus, not only people's lives have been greatly affected, but also the economic situation of the whole market has been impacted. Fortunately, with the effective mobilization and solidarity of the society, China has shown its strength in the epidemic.

In the fight against novel coronavirus, many enterprises are actively taking social responsibility and contributing to the epidemic prevention work. For example, Throne Legacy Capital Ltd (TLC) is one of them.

After the outbreak, Throne Legacy Capital Ltd (TLC) immediately launched effective actions to organize the internal staff to learn the epidemic prevention measures and common sense of the virus, so as to ensure the safety of the staff as soon as possible. In the severe situation of epidemic spread, they are well aware that to ensure their own safety is to contribute to the fight against the epidemic.

Meanwhile, TLC believes that even if its internal security is guaranteed, the society still needs a lot of help. Only when all of us take action and give our best, can we truly eliminate the virus.

Therefore, TLC strived to extend their actions. For example, all kinds of medical materials are in short supply in epidemic prevention. TLC immediately worked out several emergency plans to help mobilize various channels to collect first-line medical supplies for the disaster, such as seeking foreign supplies of masks, disinfectants, medicines and other anti disaster tools.

Individual power may not be strong enough. In order to gather strength to fight the epidemic to the maximum extent, TLC also established a foundation, which gave full play to their industry influence, calling all colleagues and customers of the company to respond to the event together, and contribute a little to the front-line victims and medical staff.

Mr. Carl Ronny, the Executive President of of TLC, delivered a speech to all the guests at the new year's Party. On the one hand, he expressed deep regret for the impact of the new coronavirus on people and society, and encouraged people to maintain confidence in life and market conditions. The epidemic will eventually pass, and the future will be better.

In fact, TLC is a company specializing in foreign exchange investment, providing comprehensive asset management and global financial advisory services. It used the latest technology, combined with the security mechanism of foreign exchange investment and insurance guarantee, to build a set of EA intelligent trading system. Through this system, investors can also improve investment efficiency and obtain strong guarantee.

In May 2019, TLC officially became a member company of IBH investment bank in Labuan, Malaysia. IBH is an excellent large-scale international investment institution with strong financial resources. Supported by the powerful IBH, TLC can give full play to its industry advantages. The two sides have worked together to build a stable investment plan for investors by taking advantage of capital advantages and high-end technology standards.

To sum up, the market needs a strong corporate body, and more powerful and socially responsible enterprises like TLC. The epidemic shall pass, and the country's tomorrow will be better.

If you are ready for a better future, please visit the official website of TLC, www.tlcglobal.asia, or contact Enquiry@tlcglobal.asia.

CONTACT:

Company Name:Throne Legacy Capital Ltd
Person:Miss Zhong
Phone:+852 26170728
Enquiry@tlcglobal.asia
Website:www.tlcglobal.asia

SOURCE: Throne Legacy Capital Ltd

ReleaseID: 578041

Kontrol Receives $405,000 Order from New USA Industrial Customer

-Technology solutions for global gas emissions monitoring-

TORONTO, ON / ACCESSWIRE / February 26, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or 'Company') a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces it has received a CDN$405,000 order from a new USA industrial customer for the implementation of a continuous gas emission monitoring system.

The customer operates an industrial glass manufacturing facility and is regulated to deliver continuous emission data at the local and state level. Under the terms of the installation, Kontrol will provide both process control and government regulated emissions monitoring equipment. The installation is anticipated to commence in Q2 2020 and be completed in Q3 2020.

Software and Service Recurring Revenues

Following the completion of the installation Kontrol will deliver ongoing service and software monitoring on a recurring revenue basis and in the approximate amount of $40,000 per annum.

"Given the importance of continuous gas emission regulation and real-time data for local and state governments in the USA, we are anticipating increased demand in the gas emission monitoring sector. This demand for our solutions is further driven by the increase in accountability for greenhouse gas reductions", says Paul Ghezzi, CEO of Kontrol.

Clarification to Press Dated February 24, 2020

As per the press release dated February 24th, 2020 in relation to Kontrol's engagement of Integrous Capital to provide investor relations services in the United States, Kontrol will pay Integrous $12,500 USD per month for a period of 6 months.

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency and smart building sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.

Kontrol is one of Canada's fastest growing companies in 2018 and 2019 as ranked by Canadian Business and Maclean's.

Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com



Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding possible future/next acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth and revenue growth, strategic partnerships to promote and deploy energy and asset performance tracking software and technology deployment for improved emission compliance and real-time management of energy, recurring revenues, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.

SOURCE: Kontrol Energy Corp.

ReleaseID: 577970

Avidian Gold to Attend PDAC 2020 & Drilling Update

TORONTO, ON / ACCESSWIRE / February 26, 2020 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG), an exploration Company with key assets in Alaska, Nevada and Newfoundland & Labrador, is pleased to announce its participation at PDAC, the world's premier mineral exploration and mining conference.

Prospectors and Developers Association of Canada to be held March 1st to 4th, 2020 at the Metro Toronto Convention Centre. Avidian Gold will be in booth 2608 in the Investors Exchange area

Drilling Update:

Permitting is underway and drilling is expected to commence mid to late Q2 this year at the 100% owned Amanita Gold project located 5 km southwest and contiguous to Kinross's Fort Knox open-pit gold mine

High Tide Resources, a private company majority controlled by Avidian, with all permits granted will soon commence Phase 1 drilling at its Labrador West Iron Ore project located adjacent to IOC/Rio Tinto's massive 23 MTPY Carol Lake Mine in Labrador City, Labrador. The drilling will day-light a new iron ore deposit in the heart of Canada's leading iron ore camp and a maiden resource estimate is expected later this year.

Interested parties are encouraged to drop by the booth and meet the management and exploration team and learn more about our projects. Alternately, if you prefer to schedule a meeting, please contact Bonnie Hughes at bhughes@avidiangold.com or Steve Roebuck at sroebuck@avidiangold.com.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.

Avidian is the majority owner of High Tide Resources, a private company, that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.

Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.

For further information, please contact:
Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com

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

Forward-looking information

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.

SOURCE: Avidian Gold Corp.

ReleaseID: 577960