Financial General

Ballard Power (NASDAQ:BLDP) Buys 100% of Its European Subsidiary, Grows Globally

🕔1/19/2017 6:18:00 AM

(NetworkNewsWire) Ballard Power Systems (NASDAQ:BLDP) (TSE:BLDP) has purchased complete ownership of its European subsidiary from Dansk Industri Invest A/S for what it termed a "nominal value". The subsidiary is now named Ballard Power Systems Europe A/S.<br /><br />With that name change, the subsidiary will now use the Ballard brand, such as visual identity and logo, and will play an expanded role in supporting all of Ballard's activities in Europe. The transaction will enable the company to not only acquire all the shares of the company, but also cancel the debt owed by the parent company to Dansk Industri. Prior to this, Ballard held 57% of the shares of the subsidiary, while Dansk Industri held the other 43%.<br /><br />Ballard is a clean power company that specializes in fuel cell stack development (proton exchange membrane), fuel processing and systems integration. Ballard is considered one of the key vendors in the global fuel cell market. The company has announced that its fue ...

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Medical Transcription Billing, Corp. (NASDAQ:MTBC) Reflects on 2016 Milestones, Highlights 2017 Objectives

🕔1/19/2017 5:41:00 AM

(NetworkNewsWire) Leading health care information technology company Medical Transcription Billing, Corp. (NASDAQ:MTBC; MTBCP) this morning issued a news release recapping its corporate accomplishments for 2016, as well as its objectives for the coming months. Among last year's highlights, MTBC continued to employ a tactical acquisition-based growth strategy, added important new clients in major markets across the country, recorded strong financial results and earned numerous prestigious accolades for its innovative health care information technology solutions.<br /><br />In an effort to rapidly expand its client base, MTBC completed four vital acquisitions in 2016, including the purchase of Texas-based medical billing company MediGain, LLC. Completed in October, the MediGain acquisition marked MTBC's largest acquisition to date. The company's management team forecasts that incremental profits from this transaction will significantly exceed the cost of capital, with the MediGain transa ...

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Investigator Resources Ltd (ASX:IVR) New High-Grade Silver Intercepts to Support Resource Upgrade and Scoping Study at Paris Project

🕔1/18/2017 2:08:51 PM

Investigator Resources Ltd (ASX:IVR) is pleased to announce the new high-grade silver intercepts are going to support resource upgrade and scoping study at Investigator's Paris Project in South Australia.

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Cash Converters International Ltd (ASX:CCV) Strategic Management Changes

🕔1/18/2017 1:35:34 PM

Cash Converters International Ltd (ASX:CCV) (OTCMKTS:CKKIF) has taken a number of strategic actions over the past 12 months.

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Deep Yellow Limited (ASX:DYL) Completion of Strategic Review and Share Consolidation

🕔1/18/2017 11:15:44 AM

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to advise that a detailed review of the Company has been completed and a strategic growth plan has been developed; Executive Management will now focus its attention on execution and adding shareholder value.

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Moxian, Inc. (NASDAQ:MOXC) Targeting Chinese O2O Market and its Projected 20% Year-Over-Year Growth

🕔1/18/2017 7:40:00 AM

(NetworkNewsWire) Moxian, Inc. (NASDAQ:MOXC) is positioning itself as a leader in China's O2O services market as the sector enjoys a 20% surge in year-over-year growth. iResearch Consulting Group, in its '2015 China Online-to-Offline (O2O) Services Model Research Report' published in January 2016 (www.iresearchchina.com), stated that the Chinese O2O market was on course to grow from $53.78 billion in 2015, to $68.71 billion in 2016. The report also forecast growth of 20% year-over-year through 2018 to more than $90 billion (http://nnw.fm/Jyj1C).<br /><br />The reason for the quick growth is a high level of usage of the online services sector. Tencent Penguin Intelligence's '2015-2016 Report on the Year's Internet Trends in China' noted that online-to-offline services were purchased by more than three-quarters of Chinese internet users between 20-40 years of age. Women were responsible for more than half of the O2O purchases, such as food delivery services and travel bookings. The repor ...

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An Update on Axsome Therapeutics, Inc. (NASDAQ:AXSM)

🕔1/18/2017 4:57:00 AM

(NetworkNewsWire) Once New York-based Axsome Therapeutics, Inc. (NASDAQ:AXSM) was founded in 2012, its team set out to establish a fully-integrated biopharmaceutical business that would develop therapies to treat and manage central nervous system (CNS) disorders. Now in 2017, the Axsome team is setting off on another exciting leg on this journey.<br /><br />For years, Axsome has been laser-focused on improving the lives of patients living with pain and various CNS disorders. With an eye toward differentiated therapies, the company has concentrated on developing and commercializing both in-licensed drug candidates and internally-derived drug candidates in order to accomplish its goal of increasing the treatment options accessible to caregivers.<br /><br />Along the way, industry analysts have pointed out the value in Axsome's focus on complex regional pain syndrome, treatment resistant depression and agitation in patients with Alzheimer's disease (AD); the lower-than-average research an ...

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