On Monday, Speed Commerce Inc (NASDAQ:SPDC)’s shares declined -5.38% to $0.350.
Speed Commerce Inc (SPDC) declared that the company’s Board of Directors has formed a special committee to explore planned alternatives, counting a sale of the company.
“Speed Commerce’s Board of Directors is engaging in this formal process after having received unsolicited proposals and believe this approach will serve to supplement the company’s ongoing success, in addition to creating improved long-term value for the company’s shareholders,” said Timothy R. Gentz, Chairman of Speed Commerce’s special committee of the Board of Directors. “Given the dramatic transformation of Speed Commerce into a leading e-commerce services provider, we believe that now is the right time to engage in this process.
Speed Commerce, Inc. provides e-commerce and fulfillment services to retailers and manufacturers in the United States and Canada. It offers Web platform development and hosting, order administration, fulfillment, logistics, and contact center services, which provide customers with transaction-based services and information administration tools.
Youku Tudou Inc (ADR) (NYSE:YOKU)’s shares dropped -5.13% to $15.90.
Heyi Pictures, the movie making division of Youku Tudou Inc (ADR) (YOKU) declared six planned partnerships to bring quality IPs from across domains to the silver screen, expand the IP incubation process with capable partners, advance Heyi’s movie making capabilities and raise their joint audience base and monetization opportunities.
The partnerships involve two IP providers, Mopian, and Readers Publishing and Media; IP incubation partner BlueVision Media; in addition to with three cross screen partners CCTV-6, AirMedia, and Fundamental Films.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices.
At the end of Monday’s trade, Pernix Therapeutics Holdings Inc (NASDAQ:PTX)‘s shares dipped -5.03% to $7.93.
Pernix Therapeutics Holdings Inc (PTX) declared that Pediatric Exclusivity has been granted by the U.S Food and Drug Administration (FDA) for studies conducted on Treximet® (sumatriptan/naproxen sodium), effective April 16, 2015, under section 505A of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 355a). Based on this decision, an additional six months of U.S. market exclusivity will attach to the patents that are listed in FDA’s Orange Book for Treximet, or until February 14, 2018.
Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical company, develops, manufactures, markets, and sells branded and generic pharmaceutical products. The company’s product comprise CEDAX, an oral cephalosporin used for the treatment of mild to moderate acute bacterial exacerbations of chronic bronchitis, middle ear infection due to haemophilus influenza, or streptococcus pyogene; Zutripro, Rezira, and Vituz for the relief of cough and nasal congestion; and OMECLAMOX-PAK a gastroenterology product. Its products also comprise Treximet, a medication indicated for the acute treatment of migraine attacks in adults; Silenor, a medication indicated for the treatment of insomnia characterized by difficulty with sleep maintenance; Khedezla, a prescription medication for major depressive disorder.
AirMedia Group Inc (ADR) (NASDAQ:AMCN), ended its Monday’s trading session with -4.55% loss, and closed at $4.41.
AirMedia Group Inc (ADR) (AMCN) declared that Guangzhou Meizheng Advertising Co., Ltd. (“Meizheng”), one of its merged entities in which AirMedia has 63.2% of the equity interest, has recently won a bidding and has reached a concession contract (the “Concession Contract”) with Shanghai Railway Culture and Advertising Development Co., Ltd., following which Meizheng has been granted the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Shanghai Railway Bureau. As of the time of execution of the Concession Contract, Shanghai Railway Bureau had 147 groups of ordinary trains.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. It operates a network of digital frames in airports; digital TV screens in airports and on airplanes; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, in addition to other outdoor media displays out of the air travel advertising sector.
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