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GrowBLOX Sciences, Inc. (GBLX) Initiates Big Changes Ahead of Opening of Nevada Cultivation Facility

GrowBLOX Sciences, a biopharmaceutical company with state-of-the-art technologies in plant biology and cultivation designed to produce consistent medicinal cannabis, today announced that over the course of the next few weeks it will implement certain changes in management personnel and operating procedures in preparation for the commencement of cultivation operations through its majority-owned subsidiary, GB Sciences Nevada, LLC.

“The build out of our principal cultivation facility in Nevada is proceeding well and on schedule. As we transition from our engineering intensive development stage, involving largely R&D and licensure efforts, to the day-to-day operations of producing an excellent product, branding it appropriately, and maximizing our revenue, we will need to significantly beef up our staff,” CEO Craig Ellins stated in the news release. “We have brought in John Poss as a consultant to put in effect some of these changes. We feel that John will be instrumental in helping us to achieve that transition smoothly and expeditiously.”

John Poss, a former CPA, is a senior executive with a track record of improving performance in technology, logistics, operations, business systems and finance. His experience includes CEO, COO, CFO and CTO of both public and private companies with sales ranging from $10 million to $450 million as well as over 15 years of consulting experience. He also has extensive M&A experience, both buy and sell side, including private equity. He also holds two United States patents.

The company also plans to appoint a general manager for the GBS Nevada Venture in the near future, as well as support staff for the 30,000-square-foot cultivation facility. Key personnel for the retail location in Las Vegas as well as the delivery service will also be put in place in the upcoming weeks. Product development and scientific validation of consumer facing products will be managed by a combination of in-house scientists and contracted chemists and formulators.

“Our drug discovery strategy and clinical research will be enhanced by the success of our Nevada operations. Profiling proprietary strains for their therapeutic properties is essential for the scientific and medical evolution of cannabis. Our competitive advantage lies in the privilege to legally grow and scientifically study medical cannabis here in Nevada. It is extremely important to our shareholders that we have the ability to test and develop products on a commercial scale but with laboratory precision,” said Chief Science Officer Dr. Andrea Small-Howard.

In conjunction with the aforementioned changes, GBLX has replaced its PCAOB auditor with Patrick Heyn, CPA, who was the concurring auditor for the company’s most recent audited statement. GBLX expects to shortly announce further additions of key personnel to manage the revenue-producing operations expected to begin in the early fourth quarter of 2015.

For more information, visit www.growblox.com

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NXT-ID, Inc. (NXTD) Expanding Foothold in Mobile Commerce Market through Commercialization of Wocket®

NXT-ID, Inc. (NASDAQ: NXTD) is a biometric authentication company focused on the growing mobile commerce market. Founded in 2011, the company has an established portfolio of technology patents and biometric security solutions, including Wocket®, a next-generation smart wallet designed to replace all of customers’ credit cards without the need for a mobile phone. In addition to credit cards, NXT-ID’s innovative product offers consumers the means to protect a wide array of payment and personal information – including debit, loyalty, gift, ID, membership, insurance, medical information and passwords.

“Wocket acts as a personal vault for all your cards and identification information,” Gino Pereira, chief executive officer of NXT-ID, stated in a news release. “Wocket addresses convenience like few other competitive technologies with its ability to store thousands of cards and the fact that it can be used at almost all point of sale readers, something mobile apps cannot do.”

Identity theft occurs every 45 seconds in the United States, and, in 2012, the total costs associated with this theft grew to more than $24.7 billion, according to the Federal Trade Commission. Among these crimes, an estimated 43 percent stemmed from lost or stolen wallets, according to a report by Javelin Strategy & Research, further demonstrating the potential benefits of NXT-ID’s groundbreaking payment solution. With most identity theft protection services only springing into action after theft has occurred, the company’s revolutionary proactive approach could help to establish it as a major player in a potentially massive market segment.

In recent months, NXT-ID has continued preparing for the future of technology by aggressively expanding upon its intellectual property (IP) portfolio. Earlier this month, the company filed provisional patents for both behavior-directed payments, which covers the use of gesture controls to choose a payment account, and personalized tokenization payments, which allow for the generation of unique, one-time-use tokens that identify both the user and the account without revealing any sensitive information.

“We continue to build out our patent and IP portfolio as the payment industry evolves,” continued Pereira. “It is critical for a technology company like ours to position our technology ahead of the curve.”

AT CES 2015, Wocket was recognized by multiple media outlets as one of the top technology products on display. NXT-ID will look to leverage this momentum as it ramps up commercialization efforts moving forward. Based on its current plans, NXT-ID will continue to scale the rollout of Wocket in the coming months, producing an estimated 30,000 units in the third quarter of this year. When complete, these efforts are expected to provide a platform upon which the company could realize considerable market growth in the future.

For more information, visit www.nxt-id.com

WMIH Corp. (WMIH) Secures Necessary Capital to Pursue Acquisition-Based Growth Strategy

WMIH Corp. (OTCQB: WMIH), through its wholly-owned subsidiary, WM Mortgage Reinsurance Company, Inc., currently engages in runoff mode reinsurance business with respect to mortgage insurance. In 2012, the company emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. with limited operations outside of its legacy reinsurance business, and, though it has not written any new business since 2008, WMIH still operates its subsidiary’s existing contracts while actively seeking acquisition opportunities across a broad array of industries.

In January, WMIH secured the capital required to fund future acquisitions through the completion of a private offering of 600,000 shares of series B convertible preferred stock. According to the terms of the offering, the newly issued stock will bear dividends on a cumulative basis when declared by the company’s board of directors at an annual rate of three percent. Upon satisfaction of the conversion contingency, all or a portion of the shares will be mandatorily converted into the company’s common stock. If not converted by the mandatory redemption date, remaining shares of series B preferred stock will be automatically redeemed. Net proceeds of the offering were more than $568 million after payment of all offering fees and expenses.

“The completion of the offering of series B preferred stock provides WMIH significant capital to execute on its acquisition strategies,” Michael Willingham, chairman of WMIH, stated in a news release. “With this capital, we intend to continue to pursue opportunities for acquisitions of [businesses] with operations that are complemented by the experience and expertise of our board and management team.”

Among the largest investors in the offering was KKR & Co. L.P., which purchased 200,000 shares of the available stock. This investment followed a similar strategic investment in December 2013, further demonstrating the confidence that the company’s investors place in its seasoned management team.

“We are pleased to participate in the offering and invest additional capital in WMIH, as we continue to see opportunities for the company to grow and diversify its platform,” stated Tagar Olson, head of KKR’s financial services team. “Having partnered with the company for over a year, we believe that WMIH is well positioned as an acquirer and we believe it is capable of leveraging its resources to drive value as it executes on its acquisition strategy.”

For prospective shareholders, an investment in WMIH represents an opportunity to invest in the future. With financing secured to begin its search for a worthwhile acquisition candidate, the company is in a strong position to pivot its operations into a wide variety of potentially lucrative market sectors. Look for WMIH to leverage its current flexibility in order to promote maximized financial returns in the years to come.

For more information, visit www.wmih-corp.com

Rainbow Coral Corp. (RBCC) Points to North American Substance Abuse as Catalyst for Much-Needed Solution

Rainbow Coral today highlighted substance abuse numbers from the United States and Canada as evidence of Naltrexone’s strong growth potential; the statistics also strengthen RBCC’s plans to aggressively pursue additional partners and distribution channels to get the anti-addiction drug into as many markets as possible.

“Drug and alcohol addiction afflicts millions of North Americans struggling to free themselves from this terrible disease,” RBCC CEO Kimberly Palmer stated in the news release. “The stats don’t paint a pretty picture regarding addiction, however they do represent a window for companies like ours to deliver treatments that will change lives for the better. That’s rewarding from a personal standpoint, and offers an opportunity to build a revenue stream to reward our investors on the business side.”

Wealthy and developed countries like the U.S. and Canada have the world’s highest rates of substance abuse. According to a 2013 survey, 9.4 percent of Americans have used illicit drugs in the past month, up from 8.3 percent in 2002, while approximately 14 million Americans, 7.4 percent of the population, meet the diagnostic criteria for alcoholism. Meanwhile, about 11 percent of Canadians are afflicted with alcohol or drug addiction.

Substance at this level abuse costs U.S. taxpayers USD $700 billion per year for treatment services, employing law enforcement and related equipment. Canadian taxpayers face a C$22.8 billion tab each year to the disease.

RBCC says it is nearing agreements with a Canadian medical group that utilizes Naltrexone to treat substance abuse, as well as with another company to distribute Naltrexone in Canada.

For more information visit www.rainbowsciences.com

ENGlobal Corp. (ENG) – A Seasoned Engineering Solutions Provider

The ENGlobal Corp. offers engineering, automation and professional services to entities within the United States and abroad. For 30 years, the Texas-based company has managed high-quality Engineering, Procurement and Construction Management (EPCM) projects and provided first-class automation solutions to companies operating mainly within the energy sector.

Since its establishment in the 1980s, the company has maintained its commitment to good stewardship of the world side-by-side with its dedication to safely delivering solutions that propel its stakeholders toward success. It serves its diverse clients and markets the ENGlobal way with a commitment to health, safety and the environment; integrity and accountability always; teamwork in all it does; quality throughout; and clear communication from the start.

Within its target markets and sectors, ENGlobal is on a mission to become the favored manager of EPCM projects and its team endeavors to make this vision a reality by carefully delivering solutions that result in positive returns for its stakeholders.

The company’s engineering division caters to a number of developing industries (alternative energy, chemical and petrochemical manufacturing, energy, oil and gas and utility) and provides consulting services that aid the development, management and execution of projects requiring expert engineering, construction management and interconnected support services. In this arena, ENGlobal’s service offerings include:

• construction management
• project definition
• project management
• engineering design
• facility inspection
• conceptual studies
• cost estimating
• material procurement
• environmental compliance

ENGlobal’s EPCM division also houses its government services group. This dedicated group manages multiple government and public sector facilities and systems around the world. It provides electrical and instrument installation, technical, design, maintenance and calibration, operation and repair services to these facilities. It also specializes in the turnkey installation and maintenance of automation and instrumentation systems for the global U.S. defense industry.

For more information, visit www.englobal.com

MIT Holding, Inc. (MITD) Offering High Quality Care at Reduced Costs through Home-Based Recovery Options

MITD logo

MIT Holding specializes in providing value-based healthcare options anchored by a commitment to strong customer service, excellent quality of care and improved quality of life for patients. In particular, the company is a trusted provider of home-based infusion services, enabling access to an expansive medical market. According to a report by Harris Williams & Co., the United States home infusion market is currently valued at $15.9 billion and is expected to grow to $26.7 billion within the next five years. This market growth is projected to come as payers continue to recognize the significant financial benefits of performing infusion services in the home, which can provide as much as 90 percent savings over those performed in a hospital setting.

“Our in-home health recovery business, which facilitates and assists patients from the time of their release from a hospital through to a full in-home recovery, is now in place,” Tommy Duncan, president of MITD, stated in a news release. “Our target audience is focused on those needing infusion for recovery.”

Currently, a large population of the potential home infusion market is being forced to visit hospitals in order to receive vital care. This is because of outdated Medicare guidelines that block payment for infusion drug patients that are treated at home. As a result, some patients are forced to endure daily hospital visits, costing the government an extra $585 million, according to the Department of Health and Human Services. However, these issues could be nearing a resolution.

In January, the Obama Administration announced plans to transition more than $100 billion in annual Medicare costs into value-based contracts designed to curb spending growth without reducing quality of care. This plan could be great news for MITD, as the company continues to realize strong market growth within the national healthcare industry. In 2014, MITD demonstrated its growth potential as it recorded an increase of more than $1.1 million in net income from operations.

As the national healthcare industry continues its shift toward value-based care, MITD is in a strong strategic position to promote sustainable growth moving forward. For prospective shareholders, the company’s proven home care services could provide a platform for favorable returns in the months to come.

For more information on MIT Holding, visit www.mitholdinginc.com

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Galenfeha (GLFH) Primed for Vigorous Growth with Polished Management Team

An organization or business is only as good as its management – poor leadership can drive a stellar company into the ground while efficient leadership can breathe life into dead structure. Fort Worth, Texas-based Galenfeha, an engineering, manufacturing and product development company, is led by an experienced team of professionals who knows what it takes to run a successful corporation.

President and CEO Lucien Marioneaux Jr., in addition to owning and operating Marioneaux Law Firm, a private general law practice specializing in estate planning and general corporate representation including transactions and litigation, also holds various real estate and oil and gas positions along with a variety of private equity holdings in business and industry throughout Texas and Louisiana.

This hands-on experience is aptly suited to guide Galenfeha’s contractual engineering services and proprietary products through mainstream oil and gas production sites and into the hands of oil and gas producers.

Marioneaux has enjoyed a 15-year prominent legal career throughout the State of Louisiana and previously held the position of senior director of Security, Risk Management and Regulatory Compliance for L’Auberge du Lac Casino Resort for which he directed all operations within those departments. Marioneaux was responsible for all aspects of the property regulatory compliance program for the State of Louisiana, the U.S. Department of the Treasury, Financial Crimes Enforcement Network (Title 31) and Sarbanes-Oxley. He directed all general liability and workers compensation matters and worked closely with outside and corporate legal counsel to ensure efficient and effective resolution. In 2008, he was part of the team which implemented a major property expansion at L’Auberge. The $67 million project included a nine-story hotel tower with 250 rooms.

Marioneaux is active in the Louisiana Bar Association, the Shreveport Bar Association, the DeSoto Parish Bar Association, the Louisiana Casino Association and the Louisiana District Attorney’s Association where he has the unique experience of working directly with local, state and federal governmental and elected officials on issues important to these various interests. He has served as co-chair of the Southwest Chamber of Commerce’s Governmental Affairs Committee and was a visiting professor for McNeese State University where he taught The Legal Environment of Business.

Galenfeha’s chairman of the board James Ketner also has an impressive resume of relevant experience that supports the company’s partnerships with global corporations and provides a high caliber of in-house consulting. With more than 26 years of experience as the director and chief executive officer of public and non-public corporations, Ketner has spent most of his professional career as a contract consulting engineer for Fortune 500 multinational companies.

He has a successful track record of directing public companies, securities law, domestic and international regulatory agencies, operations streamlining, maximizing productivity, and directing companies to achieve record profitability through increased efficiency and productivity with state of the art technology. Ketner is a resourceful decision-maker combining strong leadership and organizational skills with the ability to direct programs throughout the design and manufacturing processes.

Ketner started his career as a numeric control programmer at General Dynamics, and in 1991 embarked on his own as a consultant. Since then, he has racked up an impressive list of heavy-hitting clients for which he has done contractual consulting work, including General Dynamics, Pratt and Whitney, Boeing, Lockheed, Daimler Chrysler, Fiat, Honda Research and Development, Rockwell, Sikorsky Aircraft, Embraer SP, and Dassault/Falcon Jet.

Ketner has traveled extensively and is well versed in conducting business in North and South America. Ketner founded Kelyniam Global, Inc. where he was responsible for taking the company public, receiving FDA 510(k) approval, and commercially launching the products.

Marioneaux and Ketner are backed by a diverse and equally as experienced team of directors fully committed to the success of Galenfeha. Together, these individuals will lead the company through its anticipated vigorous growth in overall product sales for 2015, driven by an increased market acceptance of its products, embedded battery technology within its chemical injection pumps, and the introduction of its technology outside the petroleum industry.

With combined decades of experience, Galenfeha’s key management and directors enable the company to offer the most dynamic maneuverability when it comes to product development, engineering and manufacturing.

For more information visit www.galenfeha.com

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Continental Stock Transfer & Trust Providing Unmatched Accessibility to Midsize Emerging and Growth Firms

Continental Stock Transfer & Trust stands apart from today’s mega-agents by living up to its reputation as the industry’s most accessible agent. With more than 50 years of industry experience, the company is a leading provider of uniquely tailored business solutions that meet the specific needs of midsize emerging and growth firms. Continental’s consistent dedication to businesses with 50,000 shareholders or fewer has helped it greatly expand its share of the market, establishing a position as the fourth largest agent in the United States. This significant industry presence is met with unparalleled personal attention for each and every customer, which has helped Continental remain at the top of the industry in terms of client satisfaction year-after-year.

The company’s true strength comes from its people, which include some of the industry’s most experienced figures. In addition to providing the knowledge customers trust, Continental’s top-level management staff is available to assist clients 24 hours a day, seven days a week, providing a level of responsiveness that its competitors simply can’t match.

Leading the company’s senior management team is Steven Nelson, President and Chairman of Continental. Nelson, along with the remaining members of the executive team, is heavily involved in the company’s day-to-day organizational and administrative issues, as well as the overall management of client initiatives, ensuring a relentless dedication to client satisfaction. In total, Continental’s senior management team has more than 2.5 centuries of combined industry experience, making it among the most seasoned in the transfer agent community.

When searching for a transfer agent to manage the needs of growing businesses, the industry has continued to turn to Continental for its hands-on approach to client satisfaction. This approach has helped the company achieve a host of recognition, including claiming the Transfer Agent Leader Overall North America (TALON) Award for four straight years.

By expertly removing the types of obstacles that can impede growth, Continental helps its clients reach their full market potential. Building on this reputation, the company is in a strong position to remain a force in the transfer agent industry for the foreseeable future.

For more information visit www.continentalstock.com

On the Move Systems (OMVS) Exploring Potential Locations to Launch Shared Economy Courier Service

On the Move Systems says it is actively seeking potential locations to launch its proposed online, on-demand courier service, marking the next step in the company’s ongoing efforts to “revolutionize” the logistics industry utilizing the increasingly popular shared economy business model.

The company recently signed a milestone letter of intent for the design of its innovative “Uber for Trucking” platform. Now the company is focusing on the express courier business –which industry watchers peg at an $86 billion industry – a market that offers a range of revenue possibilities for firms wanting to ride the shared economy wave sweeping America.

“The shared economy model has greatly altered the way companies and individuals do business today,” OMVS CEO Robert Wilson stated in the news release. “It’s also become increasingly mainstream and accepted. Companies and consumers are no longer hesitant to work with shared economy firms. Instead, they now seek them out as they understand the shared economy business model is more efficient and cost-effective than traditional models.”

OMVS says it will initially concentrate on east and West Coast urban centers, and in Texas, as major cities have been the most eager to embrace shared economy services, such as Uber, Lyft and Airbnb. Urban areas also offer larger pools to draw potential courier drivers seeking income in a flexible workforce arrangement.

Amid rising popularity of the design, analysts estimate the total market for shared economy services at $450 billion. OMVS notes that PriceWaterhouseCoopers surveys indicate nearly half of all Americans are aware of shared economy services and 72 percent see themselves patronizing such a business sometime in the next two years.

For more information, visit www.onthemovesystems.com

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Adaptive Medias, Inc. (ADTM) Providing Cross-Platform Advertising Solutions to Meet the Needs of the Multi-Screen World

Adaptive Medias is a leading provider of mobile video delivery and monetization solutions for publishers, content producers and advertisers. The company’s proprietary Media Graph platform provides the necessary tools for clients to easily and effectively monetize digital video across all screens through a single centralized solution. As one of the first digital video players built specifically for the mobile world, ADTM’s platform enables ad servers to use a single response format across multiple publishers and video players, effectively streamlining digital marketing efforts while addressing a full range of devices.

In addition to its seamless device integration, ADTM provides value to marketers through access to its leading programmatic marketplace. As an established presence in the growing programmatic marketing industry, ADTM could be in a strong position to realize considerable growth in the months to come. Programmatic ad buying is an increasingly popular automatic alternative to traditional digital advertising purchasing methods. According to a report by CMO, programmatic ad spending in the U.S. topped $10 billion in 2014, and that figure is expected to double by 2016. Of that spending, more than 44 percent was attributed to mobile marketing solutions.

Earlier this month, ADTM provided an update on its recent market progress. In order to promote improved gross margins, the company announced a shift in focus toward its industry-leading Media Graph platform, leaning less on its lower-margined marketplace solutions. This strategy, in addition to ADTM’s recently implemented cost reduction plan and strong revenue pipeline, is expected to help the company achieve positive cash flow earlier than previously anticipated.

“We took a number of important actions in the first half of 2015 to support our long-term growth,” Omar Akram, president and chief financial officer of ADTM, stated in a news release. “These actions include the continued rollout of our Media Graph platform, a reduction in operating costs and securing additional capital… [enabling] the company to accelerate revenue growth, improve margins and slow our burn rate moving us closer to profitability.”

In the first quarter of 2015, ADTM gave prospective investors a preview of its market potential by posting significantly improved results. The company realized a 60 percent year-over-year increase in revenues for the period, which is traditionally the quarter with the lowest advertising spending of the year. Moving forward, ADTM will look to build on these strong results, leveraging its refocused business strategy in order to promote sustainable returns in the future.

For more information, visit www.adaptivem.com

From Our Blog

Brera Holdings PLC (NASDAQ: BREA) Offers Investors a New Path to Pro Sports Ownership

July 17, 2025

Brera Holdings (NASDAQ: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) strategy, is tapping two converging trends reshaping professional sports ownership: the influx of capital from private family offices and the rising demand for democratized access to sports as an […]

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