VirnetX (VHC) Wins Patent Battle vs Apple (AAPL); Take-Two (TTWO) Guides Above-Consensus

VirnetX_Holding_VHC

Shares of VirnetX Holding Corp. (NYSEMKT:VHC) climbed more than 85% to reach a new 52-week high in the extended session Wednesday after a Dallas law firm said that it won a $625.6 million verdict in favor of the company in a legal patent battle with tech giant Apple Inc. (Nasdaq:AAPL)

VHC stock closed at $4.79, up $1.10 (or +29.81%), and 4,116,492 of its shares exchanged hands during the day, a large increase in activity versus its average volume (3m) of 752,895

VirnetX Holding, an Internet security software and technology company, has 53.05M Shares Outstanding. At close on Wednesday, the company had Market Capitalization of $254.09M and VHC stock one-year range was between $1.95 and $8.09 per share

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Take-Two_Interactive_TTWO

The price of Take-Two Interactive Software Inc. (Nasdaq:TTWO) shares surged over 8% in after-hours trading Wednesday as the company delivered better-than-expected quarterly profit and revenue numbers in its financial results and guided above consensus.

For its third quarter fiscal 2016, Take-Two posted non-GAAP net revenue of $486.8 million and non-GAAP net income of $99.7 million, or $0.89 per diluted share, surpassing the Capital IQ Consensus Estimate of $0.50 earnings per share on revenues of $452.79 million for the period

Take-Two said that it expects fourth quarter fiscal 2016 non-GAAP net revenue to be in a range of $260 million to $310 million and non-GAAP net income to range between $0.15 and $0.25 per diluted share, also exceeding the Capital IQ Consensus Estimate of $0.08 on revenues of $241.97 million for the period

TTWO stock finished the regular session at $32.83, down $0.61 (or -1.82%), with a total volume of 2,765,476 shares traded during the day

Take-Two Interactive Software, a developer, publisher and marketer of interactive entertainment for consumers around the globe, has 84.62M Shares Outstanding, Market Capitalization (intraday) of $2.78B and TTWO stock one-year range is from $23.30 to $37.00 per share

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Pacific Biosciences (PACB) Takeover Noise; Fabrinet (FN) Surpasses Estimates

Pacific_Biosciences_PACB

The price of Pacific Biosciences of California, Inc. (Nasdaq:PACB) stock soared more than 37% to touch the $13.98 mark – just $0.02 below its 52-week high – during Tuesday’s trading session, following a report by Reuters indicating that pharmaceutical giant Roche Holding AG (OTCMKTS:RHHBY) is eyeing the acquisition of the company

PACB stock closed at $12.67, up $2.48 (or +24.34%), and 8,381,228 of its shares exchanged hands during the day

Pacific Biosciences of California, which designs, develops, manufactures, and markets an integrated platform for genetic analysis, has 77.04M Shares Outstanding, Market Capitalization (intraday) of $976.11M and PACB stock one-year range is from $3.58 to $14.00 per share

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Fabrinet_FN

Shares of Fabrinet (NYSE:FN) climbed to reach a new one-year high in intraday trading Tuesday after the company delivered quarterly profit and revenue above Wall Street analysts’ projections.

For its second quarter fiscal 2016, Fabrinet posted revenue of $233.0 million, a 24% increase year over year, and non-GAAP net income of $18.2 million, or $0.50 per diluted share, compared to non-GAAP net income of $14.4 million, or $0.40 per diluted share, exceeding the Capital IQ Consensus Estimateof $0.46 earnings per share on revenues of $220.96 million for the period

FN stock finished the regular session at $28.02, up $2.93 (or +11.68%), with a total volume of 2,305,885 shares traded

Fabrinet, a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services, has 35.78M Shares Outstanding, Market Capitalization (intraday) of $1.00B and FN stock new 52-week range is between $16.02 to $29.24 per share

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Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/

Luminex (LMNX) Well Above-Consensus Profit; Deutsche Bank Sees Upside In Stryker (SYK)

Luminex_LMNX

Shares of Luminex Corp. (Nasdaq:LMNX) climbed more than 5% in the extended session Monday after the company delivered quarterly profit numbers well-above analysts’ expectations

For the fourth quarter 2015, Luminex posted revenue of $60.4 million, a 4% increase year over year, and non-GAAP net income of $24.1 million, or $0.56 per diluted share, easily surpassing the Capital IQ Consensus estimate of $0.13 earnings per share and also topping the $60.22 million in revenue expected by Wall Street’s analysts for the period

LMNX stock closed at $18.87, down $0.32 (or -1.67%), with a total volume of 297,199 shares traded during the day

Luminex, which develops, manufactures, and sells proprietary biological testing technologies and products, has 43.06M Shares Outstanding, Market Capitalization (intraday) of $812.58M and LMNX stock 52-week range is between $15.05 and $22.85 per share

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Stryker_SYK

Investment analysts at Deutsche Bank raised their price target on shares of Stryker Corp. (NYSE:SYK) from $107.00 to $113.00, while maintaining a Buy rating

SYK stock finished the regular session at $99.17, up $0.02 (or +0.02%), and 2,575,792 of its shares exchanged hands on Monday’s trading activity

Stryker, a medical technology company, has 376.00M Shares Outstanding, Market Capitalization (intraday) of $37.29B and SYK stock one-year range is from $86.68 to $105.34 per share

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Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/

Mantra Announces Experimental and Corporate Updates

Mantra_Venture_Group_MVTG

Vancouver, BC, Feb. 1, 2016 – Mantra Energy Alternatives, a subsidiary of Mantra Venture Group (OTCQB: MVTG), has announced experimental developments for its ERC and MRFC technologies, as well as a financing update.

Mantra has reported that it has experimentally demonstrated the operation of its ERC (Electro-Reduction of CO2) electrodes for over 2,500 hours with only minor performance degradation. This lifetime is well down the path toward the targets for commercialization, which are in the range of 5,000 to 10,000 hours. Additionally, Mantra has demonstrated that common flue gas contaminants will only slightly impact the electrode performance, and have developed methods for recovering activity losses in-situ.

“We are happy to say that the electrode lifetime is no longer a concern for us,” said Mantra’s CTO Sona Kazemi. “We can deploy this technology in the field, confident that it will demonstrate excellent performance for the entire course of the project.”

The company has also stated that it has significantly improved the power output from its MRFC (Mixed-Reactant Fuel Cell) since demonstrating it in the form of the Mantra Spark in May. Through improvements to the fuel cell components and reactant distribution system, the MRFC is now producing double the power per unit area.

Mantra has further announced that it had received bridge financing from Old Main Capital of Miami. In addition to this financing, Old Main has assumed a portion of the debt on the Mantra balance sheet, resulting in a total investment of roughly $500,000. The two groups are currently negotiating further notes moving forward.

“It is a huge benefit to have our debt consolidated with a single funder as we look forward to a large capital infusion,” said Mantra CEO Larry Kristof. “Old Main has been a superb partner to work with.”

About Mantra Venture Group

Mantra Venture Group Ltd. (OTCQB: MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell).

ERCis a form of “carbon capture and utilization” (CCU) that converts the polluting greenhouse gas carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.

The MRFC is an unconventional fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system. Ideal for portable applications, the MRFC is cheaper, lighter, and more compact than conventional fuel cell technologies.

Follow Mantra on Twitter: http://www.twitter.com/mantraenergy

Follow Mantra on HiAlpha: http://www.hialpha-rbmg.com/companies/view/146

For more information go to: http://www.mantraventuregroup.com

Forward-looking statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission, which identify specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.

Contact Details:

Mantra Venture Group Ltd

(604) 560-1503
info@mantraenergy.com
http://www.mantraventuregroup.com

Source: Mantra Venture Group Ltd

American Video Teleconferencing (OTCMKTS:AVOT) Announces Changes to its Board of Directors and Principal Officers

Las Vegas, NV, Feb. 1, 2016 – American Video Teleconferencing Corp. (OTCMKTS:AVOT) today announced the resignation of Harold Gewerter as its Chairman of the Board for personal reasons. The company also announced that it has appointed Kenneth Bosket as its Chairman, and is no longer Vice Chairman and Head of Operations. Arnulfo Saucedo-Bardan has been appointed as the company’s Chief Operating Officer and is no longer the company’s Secretary. Montse Zaman, has been appointed Secretary, Treasury and Director.

The Board remains at five members.

“I would like to thank Mr. Gewerter for his contributions.” stated Mike Zaman, President of American Video Teleconferencing Corp.

About American Video Teleconferencing Corp.

American Video Teleconferencing Corp., is developing two online platforms. One, being a video-sharing hosting service that allows user to upload videos to share for exposure, branding, marketing and advertising. The other being a voucher/coupon distribution mobile app accessible by smart phones, iPhones, androids and computers online, as well as being an online national business directory.

Forward-Looking Statements

This news release may contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT:

Mike Zaman, President/CEO
American Video Teleconferencing Corp.
702 683-8946

SOURCE: American Video Teleconferencing Corp.

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