MIAMI, June 23, 2016 /PRNewswire/ --
DailyStockReporter.com Briefing: LifeClips Inc. (OTC: LCLP) (OTCQB: LCLP) made one of its bigger announcements this morning and revealed the company's current list of retailers included for the soft launch of its Mobeego® single use charging device. Outlets include B & H Photo Video in New York City as well as several outlets in MGM properties in Las Vegas, NV. "Welcome to the U.S.A Mobeego®!," said CEO Bob Gruder. "I would like to thank our shareholders, distributors & our entire team for making this possible. Mobeego® is a revenue producing, recognizable brand in 14 different countries & it's time the United States gets its fair share of the pie."
The Mobeego® soft launch is a limited distribution release within the U.S. ahead of the products full distribution release in July, 2016. The latest series of news fro m LCLP has seen a positive reaction in the market as share prices have climbed from roughly $0.45 two weeks ago to highs of $0.65 during yesterday's trading session. This has marked a turn-around in the stock by more than 40%
Oxis International, Inc. (OTC: OXIS) (OTCQB: OXIS) has come out with more positive news this morning. After announcing this week that the company's lead cancer therapy candidate OXS-1550 had been issued a U.S. Patent, today OXIS released news that it has begun enrolling patients in a Phase 1/Phase 2 trial of its most promising cancer drug, OXS-1550. The FDA-approved clinical trial is being conducted at the University of Minnesota's Masonic Cancer Center under the watch of the company's recently appointed Dr. Daniel Vallera, a research scientist who developed the drug and is a member of the Scientific Advisory Board of Oxis Biotech Inc, a wholly owned subsidiary.
Since June 13, shares of OXIS have climbed in price from $0.3001 to as high as $0.45 during Wednesday's trading session. "This is a very important milestone for Oxis," said Anthony Cataldo, Chairman and Chief Executive Officer of Oxis. "Moving forward with enrollment of patients will allow us to continue our momentum in the Oxis OXS-1550 Phase 1/Phase 2 FDA trial."
MGM Resorts International (NYSE: MGM), known as one of the world's largest entertainment and hospitality companies, has become a force to be reckoned with in the market over the better part of the last 5 months. After reaching lows of $16.18 in February, the stock has rallied by more than 50% after hitting highs this month of $25.29. In their most recent press release, MGM management cited that it now expects to achieve an annual Adjusted EBITDA benefit of $400 million by the end of 2017, which is an increase from its previously announced target of $300 million. This announcement was made at its Analyst and Investor Day. Further to this, the company even offered financial guidance for growth through 2019 as well.
As noted in the release from LifeClips this morning, certain stores in MGM properties have been included for resale during the soft launch phase of the companies Mobeego® single use charger product.
Connecture, Inc. (NASDAQ: CNXR) announced at the beginning of the month that it has purchased Chicago-based ConnectedHealth, LLC, a leading benefits technology company with a platform that makes it easier for consumers and employees to shop for personalized health insurance and related benefits online. Since making this announcement, the company's shares have seen a large increase in price and have managed in climb as much as 182% following highs of $3.35 on Wednesday.
"We're very enthusiastic about the synergies between our two organizations and the ability we now have to deliver a full end-to-end engagement solution, which has been missing in today's benefits marketplace," said Jeff Surges, Connecture's CEO with regard to the transaction. "Together, we will offer a comprehensive solution, featuring robust benefits administration tools, that meets the changing needs of anyone involved in providing benefits to employees and consumers, regardless of their size or organizational complexity."
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