Today before the opening bell, Dominovas Energy announced that it has established critical relationships with financing partners included within the scope of the Power Africa Initiative. Using its status as a Private Sector Partner, Dominovas Energy said it looks forward to exercising its direct access to Power Africa’s committed government, public and private sector lenders, such as Goldman Sachs (NYSE: GS), Barclays (NYSE: BCS) and Standard Bank, and global development finance institutions (DFIs), such as the Overseas Private Investment Corporation (OPIC) and the Africa Development Bank (AfDB). GE Capital veteran Eric Fresh will be responsible for leading and managing the company’s project finance and investment activities, its capital investment, and deployment programs, as well as the coordination with Power Africa Partners.

“As a member of the Power Africa Initiative, we have a vested interest in ensuring the Initiative’s success by employing all of its available resources, including engaging its committed financing partners in dialogue about our project level capital needs,” said Mr. Fresh, Senior VP, Finance & Investment, in a recent interview. “With a captive audience of highly specialized project finance lenders and investors, we have an amazing opportunity to secure the type of structured equity and debt financing necessary to successfully deploy our RUBICONTM systems throughout sub-Saharan Africa.”

According to Mr. Fresh, “When domestic financial institutions in Africa lend at rates in excess of 18-20% per annum, most, if not all, large infrastructure projects in Africa require at least minimal involvement from the DFI community to access sufficiently flexible financing solutions to fund projects in countries with challenging credit profiles. While offering some level of increased comfort, the credit solutions provided by DFIs enhance the bankability and profitability of power projects in Africa for investors and private sector lenders by structuring credit facilities with longer tenors and lower interest rates; and by offering political risk insurance (PRI) and partial risk guarantees (PRG) through MIGA and the World Bank, respectively, to mitigate non-commercial risks.”

With respect to financing electricity generating systems that fall under the Power Africa Initiative in developing / emerging markets of sub-Saharan Africa, these affiliated financial institutions have committed to support the initiative by catalyzing private investment. Mr. Fresh added, “The institutions with which Dominovas Energy is actively engaged in project financing discussions create tremendous options in terms of financing power systems, on a multi-megawatt scale. For instance, OPIC can provide debt financing and political risk insurance to spur development investment.”

“Just as we have established a world-class team of OEM partners, Dominovas Energy now has a strong base of support from strategic financing partners capable of delivering billions of dollars of project capital in sub-Saharan Africa and beyond, over the next 5-10 years.”

Having the ability to identify and engage viable financial institutions provides Dominovas Energy the opportunity to capture future revenue streams, as supported by its executed and guaranteed power purchase agreements (PPAs). The value derived for project finance-based platforms is recognized by virtue of signed and executed PPAs, which define both costs and margin for delivery of electricity. As such, Dominovas Energy continues to exude confidence and excitement regarding its prospects for delivering on its mandate of creating clean, commercially-viable, reliable, and sustainable energy solutions to global and bankable emerging markets.

For more information, visit www.dominovasenergy.com

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Galenfeha today announced that its stored energy products will be offered through ABB Group (NYSE: ABB), a global leader in power and automation technologies. With a market cap of $45 billion, ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world.

Galenfeha’s proprietary products include the GLFH-30 LiFePO4 battery system; DLP Solar Powered Chemical Injection Pump; DLP Pneumatic Chemical Injection Pump; and the iWaV Control System. The company is based in Ft. Worth, Texas, with manufacturing and distribution facilities in Shreveport, Louisiana.

“It is a privilege to be represented in ABB’s product offerings,” stated Mr. Lucien Marioneaux Jr., Galenfeha’s president and CEO. “This affiliation will enable Galenfeha to significantly broaden its customer base locally, nationally, even internationally, and we couldn’t be more pleased with this development.”

For more information, visit www.galenfeha.com

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Bulova Technologies Group, through its three operating subsidiaries, Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC and Bulova Technologies Advanced Products LLC, engages in the brokerage of ammunition and industrial machine tools and equipment throughout North America. The company, which is registered with the United States Department of State Directorate of Defense Trade Controls, has an extensive history of large scale defense contracts for munitions, weapons systems and combat systems, in addition to serving as an importer of small caliber ammunition for the U.S. commercial marketplace. As a certified broker, Bulova is able to arrange for the movement of military articles across friendly borders, providing the U.S. military and allied governments with the materials needed to obtain an overwhelming edge over enemy forces.

In recent months, Bulova has taken major steps toward extending its reach into promising new markets. In January, the company announced the formation of Bulova Technologies Heath Care Products LLC, which is currently pursuing the development and marketing of high-tech medical products, as well as negotiating for products which provide promising benefits. In March, Bulova continued its expansion efforts through the announcement of a joint venture to enter the cyber security marketplace. Through this partnership, the company will market the innovative Enterprise Content Management Library and its companion K-3 Data Encryption© software to government agencies, banks, law firms and mid-to-large size businesses. Marketing these products, which can limit, govern and prevent the download and transmission of confidential repository content, could provide a platform upon which Bulova could realize sustainable growth moving forward.

“Bulova Technologies through this newly formed joint venture will play a major role in cyber security, which is a war with gigantic stakes,” Stephen L. Gurba, president and chief executive officer of Bulova, stated in a news release. “We are pleased to enter into the joint venture… which is owned 30 percent by Bulova… and 70 percent by Blackford Technologies, LLC.”

In June, Bulova built on its recent advancement toward expanding its market potential when it announced the signing of a letter of intent to acquire the Twiss Transport family of businesses, which provide medium-to-long haul refrigerated and dry transportation and storage solutions to customers throughout the continental U.S. This acquisition, which is expected to close later this month, could add an estimated $30 million in annual sales to the company’s financial results in the years to come.

For prospective shareholders, Bulova’s progress toward market diversification could clear the way for strong financial growth in the months ahead. Look for the company to capitalize on the opportunities presented by its recent business activities in order to build upon the success of its established defense and industrial machine operations in the future.

For more information, visit www.bulovatechgroup.com

Advanced Photonix, Inc. (NYSE MKT: API) is a leading supplier of optoelectronic sensors, devices and instruments used by original equipment manufacturers in vital markets around the globe. The company offers three innovative product lines designed to meet the needs of clients across a collection of industries. The Optosolutions line enables the measurement of physical color, including temperature, particular counting, color and fluorescence, for medical and process control applications. API’s high-speed optical receiver (HSOR) products are most commonly used by the telecommunications market in the manufacture of market-specific equipment. The terahertz sensor product line provides nondestructive testing and measurement of subsurface physical properties for the industrial process control market.

In February, API announced an agreement with Luna Innovations, Inc. (NASDAQ: LUNA) to merge the two companies. Founded in 1990, Luna researches, develops and commercializes innovative technologies that drive breakthroughs in a diverse collection of markets – including aerospace, automotive, energy, defense, healthcare and telecommunications.

The combined company, which will maintain the Luna name, is expected to provide a broader market base and a strong balance sheet, along with an opportunity to capitalize on potential operating synergies. When completed, the merger situated the company in a fundamentally improved position to realize financial growth through the utilization of a combined intellectual property portfolio featuring over 200 patents and patent application.

“This merger has created a company with a stronger position as a leader in optical technology and provides improved opportunities for accelerated growth,” My Chung, president and chief executive officer of Luna, stated in a news release. “We look forward to working with the talented team at API as we build a dynamic company with even greater potential.”

At the closing of the merger, API stockholders received shares of Luna common stock at a ratio of 0.31782 shares for each owned share of API common stock. According to a Luna news release, the merger received overwhelmingly positive response from shareholders of both companies. For prospective investors, the broadened industry presence of the combined company could provide a platform upon which to realize strong returns moving forward. Look for API and Luna to leverage their combined strengths in order to promote sustainable market growth in the years to come.

For more information, visit www.advancedphotonix.com or www.lunainc.com

The healthcare industry is in the midst of a substantial shift away from traditional fee-for-service payments, which have historically been associated with excessive and unnecessary care, in favor of value-based options. In January, the Centers for Medicare and Medicaid Services reaffirmed this fact when it announced a goal of having 50 percent of all Medicare payments in alternative payment models by the end of 2018. MIT Holding, Inc. (OTCQB: MITD), a leading provider of post-acute care nationwide, is in a strong position to capitalize on this evolving mindset by providing ambulatory care, in-home intravenous therapies, medical equipment and other recovery needs to help patients avoid unnecessary doctor and hospital visits.

According to a report by Fox Business, the total reduction in overall healthcare spending as a result of ambulatory surgery and therapy options amounts to approximately $2.6 billion annually, and an additional $2.4 billion in savings could be realized if just 50 percent of eligible cases were moved to these non-hospital settings. For MITD, these potential savings could translate into improved financial returns in the coming months. Demand for the company’s low cost, high quality home care is expected to rise as payers realize up to 90 percent savings on infusion services performed in the home instead of the hospital.

The potential market for MITD’s home infusion services is vast. According to Harris Williams & Co., the United States home infusion market is currently valued at $15.9 billion, and continued growth is expected to push the market to $26.7 billion by 2020. In the first quarter of 2015, the company made significant strides toward maximizing its share of this pivotal sector by recording just under $490,000 in consolidated revenues, which was a year-over-year increase of over 133 percent. Leveraging an increase in referrals and the strategic use of subcontractors, MITD also realized a gross profit of nearly $278,000 for the period.

“Our target audience is focused on those needing infusion for recovery,” Tommy Duncan, president of MITD, stated in a news release. “Our platform is based on the delivery of these high cost, specialty pharmaceuticals that have specialized handling and administration requirements.”

For prospective investors, MITD’s strong financial results in recent quarters, as well as the increasing demand for its value-based services, could provide the company with a platform to deliver strong returns moving forward. Look for MITD to continue building on its established position within the ambulatory care market in order to capitalize on rising demand in the years to come.

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

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ENGlobal recenlty announced that it is one of three companies who will be receiving a multiple-award contract by the U.S. Military for the procurement of automated fuel handling equipment (AFHE) support services. Estimated value of the fixed-price contracts is approximately $215 million. Also, there are prospects that the work could continue to June 2017 if the contract reaches the $215 million figure. Contract factors are contingent upon the U.S. Navy exercising all options.

ENG’s role in the project consists of development, engineering, design, integration, fabrication, logistics, installation, quality assurance, logistics, life-cycle management, maintenance, and technical support for AFHE systems. The primary focus for the company will be on an indefinite-delivery/indefinite-quantity (ID/IQ), cost-plus-fixed-fee contract for technical and maintenance services for automated tank gauging and automated fuel service stations. Work will be performed at the DOD fuel facilities worldwide. Completion date is expected to be by the second quarter 2013.

Edward L. Pagano, ENGlobal’s President and Chief Executive Officer commented, “ENGlobal has a proven track record of delivering exceptional service to SPAWAR since 2007.” “This cumulative award for the three firms represents an increase of approximately $89 million over the 2007 award level of $126 million and, as validated by our performance, we will make every effort to increase ENGlobal’s portion of the base contract funding.”

Mr. Pagano further added, “Our Government Services division, based in Tulsa, Oklahoma, specializes in the turn-key installation and maintenance of automation and instrumentation systems for the U.S. defense industry worldwide. This award demonstrates that our technical capability for AFHE engineering support extends globally to keep Department of Defense fuel systems fully mission capable.”

Further information about the company and its businesses is available at www.ENGlobal.com

In 1996, California became the first state in the country to legalize the use of medical cannabis when it enacted Proposition 215. Less than two decades later, a total of 23 states, as well as the District of Columbia, have legalized marijuana for medicinal purposes, and that progress has come without a single clinical trial taking place. To this point, the medicinal cannabis market has existed without facing many of the regulatory hurdles present in the pharmaceutical industry, but that could be changing soon. With the movement to reclassify cannabis as a schedule II drug at the federal level rapidly gaining steam, the current landscape of the medical cannabis industry could be closing in on a period of transformation.

As a schedule II drug, cannabis could be recognized as a therapeutic treatment with an accepted medical use in the United States, which would dramatically increase the marketability of cannabis-based pharmaceuticals. This shift in perception would likely entice major pharmaceutical players to begin studying the medicinal benefits of marijuana. GrowBLOX Sciences, Inc. (OTCQB: GBLX), through the development and commercialization of its proprietary GrowBLOX technology suite, is prepared to capitalize on this market evolution by providing an unrivalled approach to consistent cannabis production.

The GrowBLOX technology suite was specially engineered to safely and reliably deliver consistent cannabis products by preserving and replicating carefully chosen genetic stock and precisely controlling the growing process. By monitoring everything from lighting conditions and temperature to oxygen and carbon dioxide levels, the company’s innovative products allow for the elimination of many limiting variables in order to maximize the accuracy and consistency of both clinical testing and full-scale production efforts.

In an interview with TNMNews, César Cordero Krüger, chief executive officer of GB Sciences Puerto Rico, provided investors with a detailed look at the vast market potential for GrowBLOX’s groundbreaking cultivation suite as the medical cannabis industry continues to mature. According to Krüger, the epicenter of future medical marijuana production isn’t located in the continental United States, but in the U.S. territory of Puerto Rico.

Puerto Rico’s history as a medical marijuana hub is just beginning. In 2014, Governor Alejandro Garcia Padilla signed an executive order authorizing the manufacturing of medical marijuana across the island. Although details are still under wraps, Krüger highlighted the possibility that the government’s future plans could involve the University of Puerto Rico, giving the local industry access to the university’s molecular science building, cancer research facilities and independent laboratory testing.

With one of the densest concentrations of pharmaceutical industries in the world, Puerto Rico appears to have a major role to play in the future of the medical cannabis industry. Likewise, look for GrowBLOX and its subsidiaries to make waves with the continued development and commercialization of the GrowBLOX technology suite.

For more information, visit www.growblox.com

To listen to the full conversation with César Cordero Krüger, visit www.tnmnews.com

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Fastfunds Financial Corp. operates through two wholly owned subsidiaries, Cannabis Angel, Inc. and The 420 Development Corporation, to build a portfolio of revenue-generating companies that provide ancillary services to the burgeoning cannabis industry. The company also operates majority-owned subsidiary Financiera Moderna, Inc., which offers financial services to the underserved Hispanic community. FFFC’s strategy to participate in the marijuana industry is through the development of four separate business verticals for the emerging U.S. cannabis industry.

Through its 49% stake in Cannabis Merchant Financial Solutions, Inc. (CMFS), FFFC entered the Financial Service business vertical. CMFS developed the Green Card and Tommy Chong Green Card, a reloadable stored value card with a rewards feature, and the Tommy Chong Frequent Buyers Card, which functions as a gift card or rewards card. FFFC is developing a national group of master resellers, distributors and sales representatives for these card products.

As the cannabis industry continues to develop, FFFC is partaking in Plant Botany, specifically the development of methods and technologies to significantly enhance plant growth and purity. Under an operating agreement with Sanidor Systems to create Pure Grow Systems, LLC, FFFC acquired a 49% interest in the subsidiary, which is dedicated to the healthy production and processing of raw materials used for medicinal or other health related purposes.

The cannabis industry is a cash-only business, which leaves companies vulnerable to criminal activities. FFFC plans to address this issue and enter the Security Services and Equipment sector through the acquisition of an existing, operational security company. FFFC owns a 70% stake in Ohio-based Brawnstone Security, Inc., a diversified security, training and investigations company. FFFC’s research shows that operating margins for cannabis-related security services could exceed current billing levels by at least 100%.

FFFC’s Cannabis Angel, Inc. (“CA”) subsidiary will evaluate and provide corporate development services and early seed financing for worthwhile development-stage cannabis ventures. To date, CA has made investments in companies involved in the distribution of cannabis-related products and development of a social media website. It is important to note that all of FFFCs activities in the cannabis industry are ancillary, or pick and shovel, and are evaluated to insure compliance with all state and federal Laws.

For more information, visit www.fastfundsfinancial.com

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LightPath Technologies, Inc. (NASDAQ: LPTH) is a recognized leader in optics and photonics solutions, serving blue chip customers in the industrial, defense, telecommunications, testing and measurement, and medical industries for over a quarter of a century. The company designs, manufactures and distributes a full range of optical and infrared (IR) components for direct sale to customers throughout North America and China, as well as through distributors and channel partners in Europe and the United States. LightPath’s current product offerings include molded glass aspheric lenses and assemblies, IR lenses and thermal imaging assemblies, fused fiber collimators and gradient index GRADIUM® lenses.

In recent weeks, LightPath has taken strides toward expanding its market share through the continued development and commercialization of its innovative IR product line. The potential applications for the company’s IR technology are plentiful – including small hand-held cameras for thermography, maintenance and security applications, in-process quality assurance monitoring, and medical sensing devices. In June, LightPath highlighted one pivotal application when it partnered with a leading supplier of integrated products and technologies to supply its proprietary IR molded optics for use in the manufacture of firefighting thermal imaging cameras. In total, the company’s IR products currently account for more than 10 percent of its consolidated annualized revenues.

“We are extremely excited by the growth in market opportunities of our infrared product line,” Jim Gaynor, president and chief executive offer of LightPath, stated in a news release. “The launch of our proprietary infrared product technologies positions us to participate in an estimated $3.5 billion global market… that will contribute to revenue growth for LightPath.”

During its fiscal quarter ending March 31, 2015, LightPath provided prospective investors with a preview of its massive market potential by posting strong financial results. In addition to recording a 193 percent year-over-year increase in revenue from the sales of IR products, the company realized a six percent year-over-year rise in overall revenue. These results helped LightPath record a net income for the period of approximately $90,000.

“We had an excellent fiscal 2015 third quarter that reflects the actions taken in the first half of the year to accelerate sales and improve our operating efficiency,” continued Gaynor. “We are benefitting from growth in both our precision molded optic product line and infrared product line and operational efficiencies to drive improved profitability.”

With growing demand for its IR product line leading the way, LightPath is in a strong strategic position to build upon its industry presence moving forward. For potential investors, the company’s recent financial growth could foreshadow an opportunity to capitalize on sustainable returns in the years to come.

For more information, visit www.lightpath.com

On the Move Systems, exploring new online tools to reduce costs and increase convenience in the tourism and travel industry and exploring new opportunities in trucking, today pointed to a recent industry survey as validation of the company’s revolutionary shared economy business model.

A respected industry survey revealed truckers are actively looking for ways to increase route optimization, which is a major selling point of OMVS’s upcoming “Uber-for-Trucking” platform.

According to GE Capital’s recently released “Trucking Industry Economic Outlook Survey,” national and local carriers are finding fewer idle trucks available for capacity; as a result, “companies have gotten smarter about the contracts and the routes that they take, and how they match those with the businesses available.”

OMVS CEO Robert Wilson explained how this finding complements OMVS’s shared economy business model now under development.

“The GE Capital survey shows truckers are putting more time and effort into selecting routes in order to optimize their business and profits,” Wilson said in the news release. “And our own market research matches the survey’s results. Both show there is a great need in the industry for our shared economy model and when it is released, we’re optimistic our revenues will throttle up quickly as truckers discover how this unique platform will positively impact their business.”

The GE Capital survey also revealed other encouraging industry signs that support OMVS’s shared economy model. Nearly half of all respondents believed the trucking business will expand in the next 12 months while more than 25 percent expect to increase their capital spending in the next year; and just under 50 percent planned to add new equipment.

These findings are highly encouraging to OMVS, which continues to recruit trucking partners for its online platform as analysts predict sales in the shared economy forecast to reach $335 billion by 2025.

For more information, visit www.onthemovesystems.com

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