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League Now Holdings (OTC:LNWZ)
PLANO (Pure Motion Inc.) has acquired League Now Holdings Corp. in a reverse merger. This reverse Merger has required a change in management.
Plano is a Texas-based company which develops skill enhancement products for entertaining sports, has acquired the Coconut Creek, Fla.-based company LNWZ, which provides Web-based services for online video game users. The merger was completed by means of an exchange of shares, and a payment of $250,000 to LNWZ CEO John Pregiato which will be used toward a repayment of LNWZ's debt.
League Now issued 1.50 million shares to shareholders of Pure Motion and cancelled 2.37 million shares held by Pregiato in return for $100,000 in cash and an additional payment of $150,000 to be paid within 12 weeks.
The shares are being held in escrow until the final payment. Pregiato, who still possesses 66,446 shares, stepped down as the head of the company after the transaction.
Mr. James Pregiato resigned from his posts as the company President, Treasurer, Secretary, Chief Executive Officer and Chief Financial Officer of LNWZ, in favor of Mario Barton 62 from Pure Motion.
Mr. Barton as the new Chairman of the Board of Directors and CEO of LNWZ brings to the table an extensive background and experience of more than 25 years in the field of development, promotion and sales of medical product and their respective companies.
Throughout his career, Mr. Barton focused on the use of technology in order to create modern products for professional, as well as for consumer applications in medical and distribution companies. His Innovations incorporate LASIK procedures for refractive vision correction, cosmetic surgery techniques for re-surfacing the skin, laser technology for dental procedures and a line of cosmetic products for skin rejuvenation.
League Now Holdings Corporation is an application service provider offering Web-based services for online video game users. LNWZ offered a free service for registered users where players of sports genre video games can participate in peer organized leagues. LNWZ had offered leagues for four games, football, baseball, basketball, and hockey each identified by the market names Madden 2006, MLB 2006, NBA Live 2006, and NHL 2006 respectively.
To learn more about LNWZ visit: www.tomi-golf.com
Repros Therapeutics Inc. (NASDAQ:RPRXD)
RPRXD released it has commenced randomization of subjects into its Phase II Androxal study in the treatment of type 2 diabetes (T2DM) in men with low testosterone. Low testosterone and T2DM are co-morbid conditions in a significant number of men. The study is being conducted at nine sites across the US including both academic and private practices and will enroll up to 150 patients. The five private practices are located in the metropolitan New York area, San Antonio and Houston and were selected based on their current data base of patients that meet the inclusion criteria. These private practices have already begun to enroll and randomize subjects. Four academic sites were selected based on the same criteria, but were further assessed based on the expertise they bring to the study. The academic sites will require individual institutional review board approval, which can take a few months, before enrolling subjects.
Repros Therapeutics Inc focuses on the development of oral small molecule drugs for major unmet medical needs that treat male and female reproductive disorders.
Republic Airways Holdings, Inc. (NASDAQ:RJET)
Frontier Airlines, a wholly owned subsidiary of RJET, is pleased to announce a promotional partnership with Canopy Airport Parking, the world’s greenest parking facility. Frontier fliers who park at the eco-friendly facility, located at 8100 Tower Road in Commerce City, Colo., will receive discounted parking rates, plus 100 EarlyReturns® bonus miles. Frontier Summit members and Classic Plus ticket holders will also receive a free upgrade to the next class of parking at Canopy.
Republic Airways Holdings Inc., through its subsidiaries, provides scheduled passenger services.
Republic Bancorp, Inc. (NASDAQ:RBCAA)
RBCAA is pleased to report the Company achieved net income of $60.3 million for the first nine months of 2010, a $22.0 million, or 58%, increase over the first nine months of 2009. Diluted Earnings per Class A Common Share increased 57% for the first nine months of 2010 to $2.89. Return on average assets (“ROA”) and return on average equity (“ROE”) were 2.25% and 22.50% for the nine months ended September 30, 2010. Net income was $7.3 million for the third quarter of 2010, a $1.6 million increase over the third quarter of 2009. Diluted Earnings per Class A Common Share increased to $0.35 for the third quarter of 2010.
Republic Bancorp, Inc., headquartered in Louisville, Kentucky, is the holding company for Republic Bank & Trust Company and Republic Bank.
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