MBIA to get $1.6 billion in cash from Bank of America to settle dispute over who is responsible for losses on mortgage securities after housing bubble burst.
Read more: MBIA soars 45% on reports of BofA settlement
Category : Stocks, World News
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Virogen’s New Business Unit, “The Cannabis Connection,” to Focus on High-End Medicinal Marijuana Dispensary Niche within $15-20 Billion Legal Marijuana Market
PR Newswire
SAN GERONIMO, Calif., May 3, 2013
SAN GERONIMO, Calif., May 3, 2013 /PRNewswire/ — Virogen Inc. (OTC:VRNI), a holding company that owns Tiger Team Technologies and The Cannabis Connection, today announced that The Cannabis Connection, its recently launched business unit that intends to operate medicinal marijuana dispensaries in states that have legalized such operations, including California, will focus its efforts on serving the high-end dispensary niche, a market segment the company believes to be vastly underserved.
Concept.
LFLS Q1 2013 REPORT
May 03, 2013
OTC Disclosure & News Service
Redondo Beach, CA – Loans4Less.com, Inc. reports Financial Results for the
BAROMA, INC. OBTAINS DTC APPROVAL TO BEGIN ELECTRONIC TRADING
Miami, FL, May 1st –
Baroma, Inc. (OTCMarket: BRMA) today announced that DTC approved electronic trading for the Company’s stock. Baroma’s stock is traded on the Over The Counter Exchange and OTC Markets under the stock symbol, BRMA. The Company owns and operates BAROMA Healthcare International, LLC d/b/a Baroma Health Partners; the first Medicare approved Accountable Care Organization (ACO) based in Miami-Dade County, FL participating in the Medicare Shared Savings Program. The Company’s three-year agreement with The Center for Medicare and Medicaid Services (CMS) allows for the ACO to receive up to half of the savings generated by quality improvement through coordinated care and cost saving initiatives for the Medicare-Fee-For-Services population in South Florida.
Scott J. Backer, CEO of Baroma, commented, “We are very pleased to have been approved by DTC to begin electronic trading. We are expecting excellent financial results for 2013 and are growing our provider network month after month. We have partnered with leaders in health IT, care delivery and regulatory reporting throughout the country and expect continued growth as we expand to other high value markets nation-wide. Baroma has an excellent outlook for our first year’s performance under the MSSP, with our projected population shared savings with Medicare will be approximately $36 million of which we expect, from the trend of January and February reports, revenues approximately at $18 million EBITDA without calculating our expected month to month growth. A PE (price earnings ratio) of fifteen would put our share price in the range of $.90.”
Since January Baroma has more than doubled its network of participating physicians which is estimated beneficiaries of over 10,000 Medicare fee-for-service beneficiaries. In Miami-Dade County, historically one of the nation’s most costly county for Medicare, generating a savings for this population is less difficult than in other service areas. “Targeting waste, fraud and abuse are one of the many strategies we have implemented since our contract took effect in January.” Says Baroma COO Marisela Rodriguez.
Established as an effort to assist at-risk health networks and health plans in minimizing the medical expense, Baroma has developed their ACO delivery model based on the best practices successfully implemented in managed care.
“Our goal is to use tools such as newly developed IT resources in accordance with more developed and coordinated practices implemented in the managed care world to drive innovation in healthcare delivery. Preventative medicine is at the forefront of our initiative to reach the three principle goals of the MSSP: better care for individuals, better health for populations, and slower growth in expenditures for Medicare.” Said Baroma CIO Ricardo Matos.
For more information, please view: www.baromahc.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking statements”, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “estimate,”
Baroma, Inc. 18495 South Dixie Highway | Unit 269 | Miami, FL 33157 | (888) 315-4490
“anticipate,” “believe,” “plan” or “expect” or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with mineral exploration and funding as well as the risks shown in the company’s most recent annual and quarterly reports on Form 10-K and Form 10-Q respectively, and from time-to-time in other publicly available information regarding the company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company’s ability and level of support for its exploration and development activities. There can be no assurance that the company’s exploration efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set for herein and should also refer to the risk factors disclosed in the company’s periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release has been prepared by management of the company who takes full responsibility for its contents. None of FINRA nor the SEC has approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investor Contact: finance@baromahc.com | (888) 315-4490
Continued here: Baroma Inc. (BRMA: OTC Pink Current) | BAROMA DTC
Category : Stocks
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Virogen Announces Launch of New Business Unit, “The Cannabis Connection”, and Sets Sights on $15-20 Billion Legal Marijuana Market
PR Newswire
SAN GERONIMO, Calif., May 2, 2013
SAN GERONIMO, Calif., May 2, 2013 /PRNewswire/ –
CALGARY, ALBERTA–(Marketwired – April 26, 2013) – Further to its press release of April 25, 2013, Canadian Oilfield Solutions Corp. (the “Corporation“) (TSX VENTURE:OTS) announces that TSX Venture Exchange (the “Exchange“) has suspended the trading of the Corporation’s common shares on the Exchange as a result of a cease trade order (“CTO“) issued by the Alberta Securities Commission on April 25, 2013. A copy of the Exchange bulletin can be obtained from the Exchange’s website at tmx.com. Reinstatement to trading can occur only when the CTO is revoked and the Exchange has concluded its reinstatement review to ensure the Corporation has satisfactorily complied with Exchange requirements.
Original post: Canadian Oilfield Solutions Corp. Announces Suspension of Trading
Category : Stocks
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Winning Brands Reverse Stock Split
PR Newswire
NEW YORK, April 24, 2013
NEW YORK, April 24, 2013 /PRNewswire/ — Winning Brands Corporation (OTC Pink: WNBD) www.WinningBrands.com announces that a reverse split of its common stock will go into effect as of April 25, 2013 on a basis of 1:500. A 90% reduction in the current authorized level of common stock will be implemented by the Winning Brands Board, providing a new lower common share cap of 500 million.
The result of the action will be a reduction in the number of Winning Brands common shares outstanding to 9,996,078 as of April 25th. No fractional shares will be issued. The trading symbol will be WNBDD for 20 days in order to designate the corporate action, following which the symbol will revert to WNBD. The new CUSIP Number will be 975012204.
Winning Brands CEO, Eric Lehner, comments further: “There are two benefits to the company from this action. The first pertains to corporate finance. This share consolidation is a step toward the company’s previously announced plan to become registered with the Securities & Exchange Commission by adopting a more conventional share structure and thus providing a more attractive basis for financing the registration related activities. Appointment of auditors registered with the PCAOB (Public Company Accounting Oversight Board) will follow. If SEC registration is obtained, Winning Brands will seek quotation at the OTCQB level of www.OTCMarkets.com with possible dollar volume liquidity advantages for shareholders. The second benefit to Winning Brands is an improved basis to accelerate operational work, including the recruitment of new sales personnel, with the top priority being the hiring of U.S. sales management.”
Most Winning Brands common shareholders do not need to take special steps in order for their holdings to be converted into the new shares, because this will be carried out automatically by FINRA member investment dealerships before and during trading transactions, with restated holdings appearing automatically in electronic accounts, pertaining to the new CUSIP number. Winning Brands shares are not currently eligible for clearance through all brokerages and implementation procedure amongst organizations may vary.
All shareholders are invited to e-mail the company with questions. The questions will be tabulated and form the basis of a conference call to be announced in the first week of May, in which answers, clarification and further explanation will be provided. Please address all enquiries to the Office of the Assistant to the CEO: Jean@WinningBrands.ca. Mr. Lehner maintains a CEO weblog for the benefit of shareholders at www.WinningBrandsCorporation.com/blog. It serves as an overview of operational highlights, provides answers to many shareholder questions and should be considered a source of public information pertaining to the company pursuant to SEC Fair Disclosure guidelines.
Mr. Lehner concludes: “This is a case of Winning Brands advancing. The reverse split is part of an assertive registration and company uplisting effort. Winning Brands has risen upward through the OTC ranks of non-reporting issuers in our formative years to reach the highest available level in Pink Sheets, “Current Information”. Now we are targeting the next level up – OTCQB. In the business, we have earned very desirable retailer relationships as a foundation for success. We must increase consumer awareness of our products and consumer traffic to these well-known retailers. Additionally, aggressive business development in the industrial and commercial sectors with our existing products, as well as new ones that are currently under development, is being planned. The bottom line is that we can accomplish a great deal more and are ambitious to get it done. We continue to mature as a young publicly held venture and look forward to deepening our relationships on all sides”.
ABOUT WINNING BRANDS CORPORATION: Winning Brands is a manufacturer of advanced cleaning solutions including 1000+ Stain Remover, World’s Most Versatile Cleaning Solution™, through its subsidiary Niagara Mist Marketing Ltd. www.1000Plus.ca 1000+ is an alternative to conventional cleaning solvents and is considered to have unique desirable properties. 1000+ Stain Remover is a Schedule Contract Holder under the U.S. Government’s General Service Administration www.WinningBrandsGOV.com and is now registered with the U.S. Department of Defense EMALL. The innovative stain remover and multi-cleaner was known during early marketing as Winning Colours. The brand’s remarkable cleaning characteristics in household, commercial and industrial applications can be seen on Facebook (www.facebook.com/1000PlusStainRemover) and Youtube (www.youtube.com/results?search_query=1000%2B+stain+remover&oq=1000%2B+Stain+&aq=0&aqi=g1&aql=&gs_sm=c&gs_upl=5756l10795l0l13588l12l12l0l1l1l0l219l1669l2.6.3l11l0). 1000+ Stain Remover is available coast-to-coast in Canada in some of that country’s largest retailers and a growing number of U.S. outlets. Winning Brands intends to launch complementary products to its existing channels and expand its reach into additional sectors of its marketplace. The company’s goal is that 1000+ and its other Winning Brand peer products become household names and favourites in their categories. Additional key brands include CLEAN1 Hard Surface Cleaner, KIND Laundry Products and ReGUARD4 bunker gear cleaning solutions for firefighters.
PRODUCT INFORMATION and INTERVIEWS:
Jean Wursten-May, Assistant to the CEO
220A-11 Victoria Street, Barrie, Ontario, Canada L4N 6T3
Tel: (705) 737-4062 Fax: (705) 737-9793 jean@winningbrands.ca
1000+, CLEAN1, KIND and ReGUARD4 are trademarks of Niagara Mist Marketing Ltd in connection with indicated uses. Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company’s future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Category : World News
BOCA RATON, FL–(Marketwired – Apr 19, 2013) – Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Eastern District of Pennsylvania against UniTek Global Services, Inc. (“UniTek” or the “Company”) (
Read more: Saxena White P.A. Files Securities Fraud Class Action Against UniTek Global Services, Inc.
Category : Stocks, World News
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Mindpix Announces that Deposit Trust Company Deposit Chill has been Lifted
PR Newswire
LAS VEGAS, April 19, 2013
LAS VEGAS, April 19, 2013 /PRNewswire/ –
Category : Stocks
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Great Rock Development Corp Updates Shareholders
PR Newswire
OAKVILLE, Ontario, April 12, 2013
OAKVILLE, Ontario, April 12, 2013 /PRNewswire/ — Great Rock Development Corp. (OTC Pink: GROC) is pleased to provide an update on the company’s gold property in Byers Brook, Cobequid Highlands of Nova Scotia, Canada.
We have been carefully monitoring the activity by other companies in the surrounding areas as they established claims and begin exploration as a result of the original report of gold finds by the Nova Scotia Department of Natural Resources. In addition, our team on the ground has been diligently preparing to spend a very active summer of exploration beginning with our planned airborne survey, which will be completed this spring. Following the airborne survey we will be executing our first phase of ground exploration leading to our drilling program. We are very excited about this venture and expect to accelerate exploration to assess the commercial viability of our mineral rights once the airborne results are reviewed.
Danny Wong, President and CEO of Great Rock Development Corp: “Management has been in discussion to expand its claims in the area and has been in talks with potential joint development partners for other significant opportunities. We will update shareholders as these negotiations progress.”
For more information visit: www.greatrockdev.com
Danny Wong, Greatrockdev@rocketmail.com
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company’s periodic reports filed with the OTCMarkets.com including the Company’s Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
SOURCE Great Rock Development Corp.
View original post here: Great Rock Development Corp (GROC: OTC Pink Current) | Great Rock Development Corp Updates Shareholders