IFAN Financial, a designer, developer and distributer of software to enable mobile payments, has closed a $2.5 million funding agreement with New York-based Sea Otter Global Ventures, LLC, enabling the company to move forward with its expansion strategy and commercialize its proprietary payment platform.

“We are very pleased to have secured this financing facility with Sea Otter. The funding will allow us to execute our business plan and begin commercialization of the proprietary IFAN payment gateway. It also provides immediate, non-dilutive capital during this phase while we are building awareness of the company,” IFAN president and CEO J. Christopher Mizer stated in the news release.

The financing is comprised of two parts: a $500,000 secured promissory note and a $2 million equity line of credit. The equity line of credit commits Sea Otter to purchase up to $2 million of IFAN common stock following the effectiveness of the soon-to-be-filed S-1 over the next 18 months. In addition, IFAN will issue to Sea Otter 500,000 warrants to purchase one share of common stock per warrant. These warrants are exercisable for 36 months after issuance. The exercise price of 250,000 of the warrants has been set at $0.50, and the exercise price of the other 250,000 has been set at $1.

Jonathan Juchno, director of Sea Otter stated, “We are excited about our investment in IFAN Financial. We believe that the mobile payments world needs improvement and innovation. We are impressed with the technology and confident that management can execute on its business strategy. We expect great things from IFAN.”

IFAN was recently selected to provide its cutting-edge mobile payments solutions to digital branding agency Blue Like Neon. IFAN’s mobile gateway will enhance Blue Like Neon’s multi-pronged market enhancement strategy by providing the company with a social commerce platform that may be customized for each client’s unique needs.

Today’s announced financing agreement positions IFAN to further its collaboration with Blue Like Neon while seeking out similar partnerships.

“Sea Otter’s funding will allow us to develop our relationship with Blue Like Neon and to pursue other, similar partnerships concurrently with the product launch. With our financial concerns settled for the next several quarters, we can now focus on building our business,” Mizer stated.

For more information, visit http://ifanfinancial.com

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Pure Hospitality Solutions today said it is nearing completion of its first-quarter filings with the OTC Markets and expects to complete the process within the next five business days.

As the company’s accountants wrap up the financial reports to complete the filing, PNOW president and CEO Melvin Pereira assured the investment community that the company does not foresee late filings moving forward.

“As we initially stated, aside from this one filing, we do not anticipate being late on any future filings,” Pereira stated in the news release. “As with the year-end, this filing was temporarily delayed due to the implementation of our multi-million dollar divestiture initiative, where we again, successfully reduced an additional $1 million of debt.”

Pereira also highlighted the company’s upcoming launch of its online travel agency (OTA), Oveedia.

“As PURE nears completion of first quarter filings, and our programming team aggressively ramps up the coding integration of Oveedia, we find ourselves at a truly remarkable place as a company. We have a blossoming relationship with Sabre and have been contacted by a number of properties and tour companies interested in listing on our platform. As PURE nears completion of first quarter filing, we anxiously await the initial phase of Oveedia’s launch. We unquestionably anticipate rapid growth throughout the Central American-Caribbean region.”

For more information, visit www.purenow.solutions

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Dominovas Energy Corp. (OTCQB: DNRG) is an energy solutions company whose endeavors are focused on delivering clean, efficient, and reliable electricity to areas of the world where supply falls short of minimal need on a multi-megawatt scale. With its eye on capturing this immense alternative energy market opportunity, Dominovas Energy is executing on a deployment model while taking a leading position among alternative green energy solutions providers. DNRG offers “alternative green energy solutions” by way of a unique, non-traditional energy generation process.

DNRG possesses designs to build and own fuel cell utilities all over the world. As a result, the company is among some of the world’s largest and most well-known companies seeking to capitalize on opportunity in this emerging sector. Most notably, the RUBICON™ has emerged in today’s market due to its multi-megawatt deployment capability allowing for profitable commercialization while meeting the demands of the world market.

Dominovas Energy has publicly expressed its commitment to deploying the most technologically advanced, cost effective, market-based energy solution available today. Further, the company emphasizes that ‘cost efficiency’ does not translate in any way to ‘compromising’ when it comes to addressing societal, political, ecosystem concerns, and other critical issues. DNRG is well aware that deployed energy solutions can serve as a foundation for creating new business opportunities and job prospects that in turn will benefit the societies and environments in which it serves. Dominovas Energy embraces energy challenges from a solutions-oriented platform while consulting companies and Nations that will experience a variety of known and unknown obstacles over time.

Dominovas Energy benefits from its employment of Dr. Shamiul Islam, who completed his post-doctoral fellow at the University of Calgary. Dr. Islam has extensive experience in the fuel cell industry and has been recognized around the globe for his advancements in the fuel cell industry and his innovations in the solid oxide fuel cell (SOFC) field. Dr. Islam, Executive Vice President for Fuel Cell Operations, is laying out a course for Dominovas Energy Corp with intentions of transforming today’s industry standards through partnership efforts with the company’s manufacturers.

To learn more about the company, visit www.dominovasenergy.com

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Despite a downturn in energy commodity prices, ENGlobal Corp. (NASDAQ: ENG) has industry analysts intrigued after posting strong financial results for the first quarter of 2015.

“We ended the first quarter with a healthy cash balance and working capital of $24.4 million, and have no borrowings under our current credit facility,” stated Mark Hess, Chief Financial Officer of ENGlobal. “While there is always room for improvement, I believe we are in a strong financial position and poised for future growth.”

In an effort to remain profitable despite a slumping market, the company has focused operations on low-risk projects and minimized overhead costs. This positioning has contributed to ENGlobal’s strong performance thus far in 2015. The company’s Engineering and Construction division, in particular, has thrived in recent months. According to first quarter results, the division realized growth of more than four percent over the same period last year, providing promise of strong shareholder returns when energy commodity prices rebound.

“We have pared the Company down to a smaller, more focused operation,” stated William Coskey, Chairman and Chief Executive Officer of ENGlobal. “These and other actions have allowed the Company to remain profitable, with positive cash flow during this downturn.”

ENGlobal’s Engineering and Construction group serves a collection of market sectors including alternative energy, power generation and government. The company’s recent growth and reputation for quality work have helped establish ENGlobal among the top domestic design firms, claiming accolades from Engineering News Record, Business Week magazine, The Houston Chronicle and American Executive magazine. This performance has contributed to the company’s global reputation as a leading designer of state-of-the-art plant automation systems.

In March, the company bolstered this reputation through the announcement of a five year extension to its Professional Services Agreement with Xcel Energy. A major U.S. electric and natural gas company with annual revenue exceeding $10 billion, Xcel has teamed with ENGlobal on a variety of substantial capital programs, including a 60 mile West Main segment pipeline replacement. Continued confidence from clients in the capabilities of ENGlobal will have a strong positive impact on the company’s future expansion potential.

Moving forward, ENGlobal appears to be poised for continued growth in the vital energy market. With one of the industry’s most experienced management teams leading the way, the company is in a strong position to deliver significant returns to shareholders in the years to come.

For more information, visit www.englobal.com

AXIM Biotechnologies is a leader in industrial hemp biosciences focusing on the research, development and production of pharmaceutical, nutraceutical and cosmetic products, as well as alternative sources of energy. The company is setting the green standard for cannabinoid bioscience through the discovery and commercialization of new materials and technologies that promote healthy living while respecting the environment. By exploring innovative pharmaceutical delivery systems and active pharmaceutical ingredients, the company is advancing the market for the treatment of debilitating conditions such as Parkinson’s disease, Alzheimer’s disease, ADHD, spasticity, pain, restless leg syndrome and Crohn’s disease.

“AXIM Biotech is providing health conscious and environmentally conscious consumers with all-natural alternatives,” stated Dr. George E. Anastassov, Chief Executive Officer of AXIM.

The company is in a strong strategic position to thrive as the global market for cannabis related products continues to expand with loosening regulatory restrictions and evolving consumer opinion. According to the Pew Research Center, domestic support for cannabis legalization is rapidly outpacing opposition. In 2015, a slim majority of 53 percent of survey respondents voted in favor of outright legalization, marking the first time that a majority of Americans voted in this manner. Shifting opinions should continue to drive demand for the company’s unique offerings moving forward.

In April, AXIM made global headlines following the announcement of its line of Cannabigerol (CBG) products. Unlike other cannabinoids, CBG is known to contain non-psychoactive cannabinoids and essential amino acids that provide benefits to oral health. Included in this revolutionary line are all-natural retail products such as toothpaste, mouthwash, dentifrice, oral gel and lip balm. In May, the company secured an exclusive license to develop and produce a cannabinoid-infused chewing gum, expanding on AXIM’s product line.

“We feel that AXIM’s ability to research cannabinoids and introduce unique delivery methods is a catalyst that will drive new demand for both the consumer retail and pharmaceutical markets,” continued Anastassov.

In the coming months, AXIM will look to continue efforts towards establishing itself as a world leader in the clinical development of novel phytocannabinoid-based medicines and products. Through the demonstration of clinical proof of concept in indications not met by current pharmacology, the company should be in a strong strategic position to realize rapid growth in the maturing global market.

For more information, visit www.aximbiotech.com

With a record breaking $304 billion plus in domestic retail ecommerce sales last year, the recent move by Mobile Lads Corp. (OTC: MOBO) to acquire and begin operating the North American arm of Domark International’s world-class web platform (http://simbadeals.com), which lists over 30 million products from more than 400 blue chip retailers, could not be more well-timed. More than just a unique shopping solution designed around offering consumers the best, up to 80% off deals, on the best brands around, Simba Deals is a well-connected destination that has key partnerships with leading traffic-driving media venues like the top nationally distributed Canadian newspaper, The Globe and Mail. Globe & Mail on its own has over 340k subscriptions and nearly 900k readers for their national weekday edition (both print and online), and the periodical has over 410k subscribers for their Saturday edition, which has over 1 million readers. Mobile Lads will be working hard to convert traffic into sales now that they are running the NA arm of Domark’s established ecommerce platform, and with a 4 to 15 percent take on all merchandise sales off the site, MOBO has stepped into what will no doubt be a major revenue generating aspect of their future operations.

The aforementioned U.S. Commerce Department retail ecommerce sales figure of $304 billion represents a 15.4 percent jump over 2013 sales, an increase which, given that ecommerce has been posting similar YOY increases in the range of 15 percent each year since 2009, should make investors stop and really think about the bright future of this sector. The potential for operations like Simba Deals, which emphasizes providing awesome deals that consumers cannot find elsewhere, in a market largely dominated by a tiny handful of players such as Amazon, is considerable. There is a great deal of upside for an outfit like Simba Deals, which is already successfully capturing a growing portion of the overall ecommerce traffic generated by consumers, who are now increasingly turning away from brick and mortar retail, primarily for the sake of convenience, as well as using their mobile devices to do so.

This is an area where Mobile Lads has their strongest footing as a company, in the bedrock of the booming global mcommerce space, which now represents around 29 percent of all ecommerce here in the U.S. (Criteo) each year and which is on track to grow at an inviting 32.23 percent through 2019 globally (where it represents 34 percent of all ecommerce), according to analysis out earlier this year by TechNavio. Criteo’s Q1 2015 report on the sector indicates that U.S. mcommerce transactions grew by 10 percent in the last three months alone. meanwhile, in Japan and South Korea, mcommerce has grown to a whopping half of all ecommerce, marking a clear milestone for the growth of mobile when it comes to consumer’s preferred method for making retail purchases. Criteo analysts forecast that by the end of this year, mcommerce will gobble up another 4 percent of the ecommerce market in the U.S., and another 6 percent globally.

Technologies like the xmVerify platform, a two factor authentication based solution for real-time mobile transaction security, which leverages one of the best cryptographic services in existence today and which gives the end-user total control over verifying and authorizing each transaction that is made, is way ahead of the curve when it comes to stopping credit card fraud. Credit card fraud is predicted by many analysts to rise sharply as we head towards normalization of the EMV (Europay, MasterCard and Visa) chip-based standards here in the U.S., with criminals looking to get in while the getting is good and snatch credit card details before the transition is completed (perhaps one major explanation behind the increased data breaches and thefts of customer information throughout the 2012 to 2014 period). However, there are still significant weaknesses in the chip and pin EMV protocol, as has been demonstrated via the European EMV standard that has been in place for a decade, with poor implementations also creating significant vulnerabilities.

Exploitations of the nonce, an “unpredictable number” generated by ATMs to validate transactions, which cannot be distinguished from card cloning fraud when it comes to analyzing the card-issuing entity’s logs (and which can often be achieved even if the physical card cannot be cloned), as well as the ability for criminals to obtain an authentic nonce from sources like receipts, represent huge implementation vulnerabilities for chip based EMV. Moreover, conversion to the EMV chip standard will likely ignite a firestorm of fraud activity in “card not present” transactions like ATM, ecommerce and mcommerce, with criminals rushing out of other forms of fraud and into areas like using stolen card numbers to buy things online.

It is precisely here that solutions like xmVerify shine their brightest, offering consumers an encrypted mcommerce solution that ultimately allows them to sign off before any transaction can be executed, requiring the thief to have stolen not just a card or information, but the user’s mobile device as well. Given that a stolen device can be deactivated easily from another computing platform or mobile, even incidents where, for instance, a woman’s purse is stolen, potentially giving the thief access to all the requisite elements, fraud can be circumvented by the user via device deactivation, and thus halted in its tracks. Additional mcommerce technologies marketed by MOBO, like the xmBilling platform for doing cheap and easy automated volume-based billing, as well as xmOne, a custom card top-up solution aimed at the college and university market, further add to the company’s appeal as one of the more innovative players in the field today.

The combination of such compelling mcommerce technologies, with a fast-growing ecommerce website like SimbaDeals.com, makes Mobile Lads an extremely attractive target for investors looking to get in on the underlying dynamics before they truly go supernova in the next few years, as even more smartphones proliferate into ever more hands, and even more people move towards shopping online.

Get a closer look at the company by visiting www.mobilelads.com

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Cleartronic, through its subsidiary, ReadyOp Communications, Inc., recently announced a three year agreement with the Houston-Galveston Area Council to participate in the HGACBuy program. This cooperative purchasing program opens the door for local governments and non-profits to make purchases based on contracts established by other government entities. In total, the new agreement gives Cleartronic improved access to over 6,000 government agencies and non-profits across the country, providing the company with ample opportunity to grow the ReadyOp™ platform in the coming years.

For over 30 years, the HGACBuy program has made the procurement process more efficient for government agencies. Effectively, inclusion in the program serves as a blanket contract for Cleartronic and the ReadyOp™ platform, providing participating members with access to the proven interoperability system at a pre-approved rate.

“ReadyOp™ is already in use by many federal, state and local government agencies, hospitals, school, universities, ports and airports, and has been for several years,” stated Marc Moore, Chief Executive Officer of ReadyOp Communications. “Adding the capability for government agencies and non-profits to purchase through ‘HGACBuy’ allows our prospective customers an easier, faster way to purchase the annual licensing for ReadyOp™, plus the radio interoperability capability.”

Originally formed in September 2014, ReadyOp Communications markets, sells and supports ReadyOp™ software through a software license agreement with Collabria LLC. In March, the company gained master distribution rights for the platform for an initial term of five years. Through this agreement, Cleartronic gained a proven communication software to package with the company’s patented hardware products, creating a unified solution to the communications interoperability market.

ReadyOp™ is designed to support daily operations, special event planning, incident management and emergency response and recovery by allowing for quick, dependable communication through a variety of channels. The importance of this interoperability can’t be overstated, and the Federal Communication Commission has highlighted interoperable communications as “a major policy goal for… promoting public safety” in recent years.

By securing exclusive rights to the ReadyOp™ platform and participating in the HGACBuy program, Cleartronic is establishing its place among the leaders in the communications interoperability industry.

For more information, visit www.cleartronicinc.com

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Today before the opening bell, Net Element announced that it has signed definitive documentation to acquire PayOnline, a leader in online transaction processing services and payment technology, for up to $8.4 million in total consideration.

The closing payment is $3.6 million cash, which has been paid into escrow, and $3.6 million in stock. There can also be additional consideration from earn-out incentives of up to $1.282 million in cash and stock based on performance.

PayOnline processes online payments for over 10 million active consumers and thousands of merchants in the Russian Federation, Europe and Asia. Net Element’s plan is to integrate the PayOnline leading payments platform into its existing global payments-as-a-service network to expand its transaction processing offerings. Notably, the company will also be able to sell its mobile payment services to PayOnline’s merchants.

The 2014 McKinsey Global Payments Map, released October 2014, states Russia is the world’s 6th largest payments market, accounting for $50 billion in payments with a rapidly growing online population. Card issuance is growing at 30% per year.

Once the acquisition is finalized, Net Element global merchants will have access to a broad array of value-added services, including card2card transfer, payment split and the highest level of data security (Validated Level 1 PCI DSS Compliance). Also, because of their direct agreements with European and Russian Federation banks, PayOnline’s thousands of merchants will be able to transact in the U.S. while Net Element’s U.S. merchants will have an ability to transact in Asia, Europe and Russia.

“PayOnline and Net Element’s assets are highly complementary and we can now leverage them to grow revenues by attracting more merchants and consumers to our omni-channel payments platform,” stated Oleg Firer, CEO. “Well deserved congratulations to all involved in bringing this transaction to a successful signing.”

Net Element expects this acquisition to be profitable this year.

For more information on Net Element, visit www.netelement.com

Loans4Less.com, an online mortgage loan origination company, is shifting its focus towards becoming a national loan origination brand platform for conforming residential mortgage programs and other consumer loans. Through the recently announced acquisition of 321LEND, Inc., the company is in a strong position to build volume and rapidly gain market share in both the mortgage and consumer loan sectors. As Loans4Less continues to search for a strategic community bank partner to launch a national mortgage program and increase brand awareness, the domestic economy appears to be shifting in the company’s favor moving forward.

¬According to a report by the Mortgage Bankers Association, mortgage origination has been on the rise since 2010, with the first quarter of 2015 posting the highest first quarter origination figures in nearly a decade. These statistics directly correlate with the national unemployment rate. According to the Bureau of Labor Statistics, the unemployment rate for April 2015 was the lowest since 2008. Continued improvement to the national economy is a positive indicator for Loans4Less, particularly as executives look to increase its national presence.

Since its formation in 1993, Loans4Less has maintained a steady order flow from a large client base. The company’s high business volume and impeccable reputation allowed it to survive the financial crisis of 2007, and its strong brand makes it a promising player in the industry.

“Loans are a product and service that people every day of the week across the country are looking for,” stated Steven M. Hershman, President and Chairman of the Board at Loans4Less. “It is such a huge and ongoing business that we think we can make an impact.”

Loans4Less has continued to thrive while many of its competitors have faded away by adhering to a safe, effective business strategy. The company does not operate a warehouse line of credit, hold trust funds, service loans or lend directly. Therefore, Loans4Less avoids many of the risks associated with Sub-Prime lending, making the company a relatively safe choice for investors. As the company continues to grow revenue through cost effective advertising efforts and strategic national partnerships, look for Loans4Less to continue expanding its share of the national loan origination market.

For more information, visit www.Loans4Less.com

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Until recently, rice bran and germ remained an underutilized byproduct of the commercial rice-milling industry. In the early 1990s, however, a group of innovators developed new technology to process this byproduct into nutritional food that features nearly limitless possibilities as a healthy ingredient. RiceBran Technologies (NASDAQ: RIBT), through the dedication of its employees and strategic partners, is rapidly becoming one of the world’s leading suppliers of rice bran, effectively unlocking entry into a variety of vital and potentially lucrative markets around the globe.

RIBT currently operates an expansive network of production facilities around the United States and abroad. In Louisiana and California, the company operates three Stage One facilities, which process bran and germ as soon as it is removed from the kernel to deactivate the enzymes that cause rancidity in the product. In Montana, the company’s Stage Two facility processes, dries and packages the product for sale to food manufacturers and retail consumers. RIBT’s primary distribution facility is located in Texas. The company also operates a rice bran oil production facility in Brazil.

Unlike other forms of bran, the company’s rice bran and related byproducts are particularly marketable because they are nutrient rich, contain no major allergens and are free from cholesterol, gluten, lactose and trans fat. This versatility has allowed RIBT to establish a presence in multiple food industries as an ingredient, a meat emulsifier, a cooking oil and, even, a high-end feed for equine athletes and pets.

In the first quarter of 2015, RIBT turned its attention towards improving returns for investors and shareholders. In addition to a slight increase in gross margins from the previous year at its domestic production facilities, the company realized a 70.8 percent rise in segment revenue in Brazil as a result of increased production. Likewise, consolidated revenue saw a 25.7 percent spike from the previous year, giving potential investors strong incentive to consider this growing company.

“[W]e enter 2015 focused on improving financial performance,” stated W. John Short, Chief Executive Officer and President of RIBT. “As we move through 2015, we intend to work diligently to maximize both our top and bottom line financial performance to reach our goal of positive EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) in 2015.”

RIBT has established its position as a unique provider of healthy whole food nutrition products in recent years, and it appears to be on the cusp of substantial growth opportunities moving forward. With significant improvement projects at the company’s production facilities largely completed, RIBT’s renewed focus on financial performance should open the door for improved shareholder returns in the coming years.

For more information, visit www.ricebrantech.com