Sector Leaders Briefing & Capital Raise News: Muscle Warfare, Baidu, Herblife, Gilead Sciences and ARIAD
CORAL SPRINGS, Florida, October 30, 2013 /PRNewswire/ --
Market news commentary and reports for sector leading nutrition, technology & pharma companies: Muscle Warfare International Inc. (OTC: MWAR), Baidu Inc (NASDAQ: BIDU), Herbalife Ltd. (NYSE: HLF), Gilead Sciences, Inc. (NASDAQ: GILD) and ARIAD Pharmaceuticals, Inc.(NASDAQ: ARIA).
Muscle Warfare International Inc. (OTC: MWAR) releases investor information for 506 Capital Raise - Muscle Warfare International releases power point presentation for investors that are interested with the companies 506 private placement memorandum. MWAR is in the process of raising $2,000,000 (two-million dollars), interested investors may look at our power point on the OTC Market and can call Freebird USA regarding the PPM or to obtain any questions they may have.
On September 23, the JOBS Act-mandated SEC rule permitting general solicitation and advertising of private offerings conducted under SEC Rules 506(c) and Rule 144A went into effect, opening a key door to capital for U.S. and global companies. Lifting the ban on transparency in private offerings will also aid in producing more efficient pricing for private and publicly-traded companies, as investors will be able to price in the performance of a private offering into a company's valuation. It could create a standard for more companies to share information in the public markets, creating a virtuous circle for issuers and investors. Companies that are providing insight into their business operations and financials for the first time may be inclined to continue providing ongoing news and disclosure, whether on their website or through a public disclosure service like OTC Markets Group's OTC Disclosure & News Service"
Read the full release at http://www.fnmprofiles.com/profiles-mwar.html
Accredited Investor - While general solicitation of Rule 506(c) offerings is now permitted, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes in excess of $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).
Muscle Warfare International, Inc CEO Daniel Amato stated, "Our new initiative to raise funds through a PPM is very exciting and we look forward to partnering with new investors. MWAR is raising the capital so, that we may proceed to the next step of our business plan and continue to market our company, attend trade shows and hire new staff. Also, with the funds it allows us the opportunity to hire more staff to assist some of Muscle Warfare clients such as GNC, Inc. (NYSE: GNC), Vitamin Shoppe, Inc. (NYSE: VSI), Europa Sports Products, Fitness First USA and many others.
Chinese Internet company Baidu Inc (NASDAQ: BIDU) said it experienced strong growth in mobile search revenue during the third quarter and forecast better-than-expected revenue for the final three months of the year. Shares of Baidu were up 5.6 percent to $168.30 in after hours trading on Tuesday (10/29/13) - Baidu, the largest Internet search engine in China, projected that revenue in the fourth quarter will range between 9.220 billion yuan and 9.480 billion yuan. Analysts polled by Thomson Reuters I/B/E/S were looking for Q4 revenue of 8.904 yuan. Baidu's net income saw a slight bump in the third quarter, rising 1.3 percent to 3.048 billion yuan. Read the full release at http://finance.yahoo.com/news/baidu-forecasts-strong-q4-revenue-214253602.html
Herbalife Ltd. (NYSE: HLF) reported third quarter net sales of $1.2 billion, reflecting an increase of 19 percent compared to the same time period in 2012 on volume point growth of 13 percent. Adjusted1 net income for the quarter of $152.1 million, or $1.41 per diluted share, compares to the third quarter 2012 net income of $111.9 million and EPS of $0.98, respectively. On an as reported basis, third quarter 2013 EPS of $1.32 increased 35 percent compared to the $0.98 reported in the comparable quarter last year. To read the full report please go to http://finance.yahoo.com/news/herbalife-ltd-announces-record-third-201500323.html
Gilead Sciences, Inc. (NASDAQ: GILD) announced its results of operations for the quarter ended September 30, 2013. Total revenues for the third quarter of 2013 increased 15 percent to $2.78 billion, from $2.43 billion for the third quarter of 2012. Product sales increased 15 percent to $2.71 billion for the third quarter of 2013 compared to $2.36 billion for the third quarter of 2012. Net income for the third quarter of 2013 was $788.6 million, or $0.47 per diluted share compared to $675.5 million, or $0.43 per diluted share for the third quarter of 2012. Non-GAAP net income for the third quarter of 2013, which excludes acquisition-related, restructuring and stock-based compensation expenses, was $879.1 million, or $0.52 per diluted share compared to $788.9 million, or $0.50 per diluted share for the third quarter of 2012. Read the full report at http://finance.yahoo.com/news/gilead-sciences-announces-third-quarter-200200623.html
ARIAD Pharmaceuticals, Inc.(NASDAQ: ARIA), an oncology company, focuses on the discovery, development, and commercialization of medicines for cancer patients. The company focuses on commercializing Iclusig (ponatinib), a cancer medicine; and developing additional molecularly targeted therapies to treat patients with blood cancers and solid tumors. ARIA was up almost 4% in after hours trading on Tuesday (10/29/2013) after closing down on 13.9Million shares traded by market close.
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