Preliminary Results from Phase 1 Study of Topical Endoxifen to be Announced by Atossa Genetics (ATOS) Thursday, September 14

Seattle, WA based Atossa Genetics Inc. (NasdaqCM: ATOS), a clinical-stage pharmaceutical company developing novel therapeutics and delivery methods for breast cancer and other breast conditions, announced today it will host a conference call on September 14, 2017 at 2 pm EDT to discuss preliminary results from its Phase 1 dose escalation study of its proprietary topical Endoxifen. Endoxifen is an active metabolite of the FDA-approved drug tamoxifen, which is currently used to treat breast cancer and for breast cancer prevention in high risk patients.

Approximately one in eight women will be diagnosed with breast cancer during their lifetime. Every two minutes an American woman is diagnosed with breast cancer; 40,000 die each year.

Tamoxifen has been widely used for over 30 years for breast cancer. Additional research has shown that it is the metabolites of tamoxifen, of which endoxifen is the most active, that have potential therapeutic value.

The objectives of this double-blinded, placebo-controlled, repeat dose study of 48 healthy female subjects is to assess the pharmacokinetics of proprietary formulations of both oral and topical Endoxifen dosage forms over 28 days, as well as to assess safety and tolerability. The study is being conducted in two parts based on route of administration.

To listen to the call by phone, interested parties within the U.S. should call 1-844-824-3830 and International callers should call 1-412-317-5140. All callers should ask for the Atossa Genetics conference call. The conference call will also be available through a live webcast at www.atossagenetics.com. Details for the webcast may be found on the Company’s IR events page at http://ir.atossagenetics.com/ir-calendar.

A replay of the call will be available approximately one hour after the end of the call through October 14, 2017. The replay can be accessed via Atossa’s website or by dialing 877-344-7529 (domestic) or 412-317-0088 (international) or Canada Toll Free at 855-669-9658. The replay conference ID number is 10112105.

Learn more about Atossa Genetics (ATOS) by visiting the Company Dedicated Page at Vista Partners website.

Atossa Genetics To Host Conference Call to Announce Preliminary Results from Phase 1 Study of Topical Endoxifen Thursday, September 14, 2017 at 2 pm EDT

SEATTLE, Sept. 11, 2017– Atossa Genetics Inc., a clinical-stage pharmaceutical company developing novel therapeutics and delivery methods for breast cancer and other breast conditions, announced today …..

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Sarepta Announces Positive Results…Shares Rise

Sarepta Therapeutics, Inc. (SRPT), a commercial-stage biopharmaceutical company focused on the discovery and development of precision genetic medicines to treat rare neuromuscular diseases, today announced muscle biopsy results from its 4053-101 study, a Phase 1/2 first-in-human study conducted in Europe to assess the safety, tolerability, pharmacokinetics, and efficacy of golodirsen in 25 boys with confirmed deletions of the DMD gene amenable to skipping exon 53.

Sarepta further reported that the study achieved statistical significance on all primary and secondary biological endpoints. the Company also stated that the results further validate the Company’s exon-skipping platform for the treatment of DMD.

Dystrophin is a protein found in muscle cells that, while present in extremely small amounts (about 0.002 percent of total muscle protein), is crucial in strengthening and protecting muscle fibers. A devastating and incurable muscle-wasting disease, DMD is associated with specific errors in the gene that codes for dystrophin, a protein that plays a key structural role in muscle fiber function. Progressive muscle weakness in the lower limbs spreads to the arms, neck and other areas of the body. The condition is universally fatal, and death usually occurs before the age of 30 generally due to respiratory or cardiac failure.

Shares of SRPTclosed today’s trading at $46.63 up 13.75%!

Biotech firm Atossa Genetics (ATOS) a clinical-stage pharmaceutical company developing novel therapeutics and delivery methods to treat breast cancer and other breast conditions closed today’s trading up 2.24%! Learn more by visiting the Dedicated Company Page at Vista Partners for ATOS.

 

Sarepta Therapeutics Announces Positive Results in Its Study Evaluating Gene Expression, Dystrophin Production, and Dystrophin Localization in Patients with Duchenne Muscular Dystrophy (DMD) Amenable to Skipping Exon 53 Treated with Golodirsen (SRP-4053)

–Study achieved statistical significance on all primary and secondary biological endpoints–. –Results further validate the Company’ s exon-skipping platform for the treatment of DMD–. CAMBRIDGE, Mass., …..

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A Bank Stock To Watch: West Town Bancorp (WTWB) Completes Acquisition of Sound Banking Company and Private Placement Offering

On Sept. 05, 2017 West Town Bancorp, Inc. (WTWB) (“West Town”), announced the successful completion of its acquisition of Sound Banking Company of Morehead City, NC (“Sound Bank”) thereby further expanding its presence into Eastern North Carolina. West Town will operate as a multi-bank holding company with Sound Bank and West Town Bank & Trust as separately chartered, wholly owned subsidiaries of West Town. With the Sound Bank acquisition, West Town has grown its consolidated assets to approximately $500 million as of the August 31, 2017 closing date.

Additionally, in connection with the acquisition, West Town closed on a private placement of securities to a limited number of institutional and other accredited investors for aggregate gross proceeds to the company of approximately $17.5 million, before fees and expenses. In connection with the closing of the sales, West Town issued 453,490 shares of voting common stock at a per share purchase price of $23.00 and issued 30,738 shares of a non-voting convertible perpetual preferred stock at a per share purchase price of $230.00.

With 2,587,669 shares of common stock outstanding following the transactions, West Town has a market capitalization of $62.6 million based on the closing price of $24.20 per share on Thursday, August 31, 2017.

Eric Bergevin, President and CEO of West Town commented, “We are pleased to complete our acquisition of Sound Bank. Sound Bank’s traditional community banking franchise rooted with a strong core deposit base will complement West Town Bank & Trust’s substantial fee income business driven by its national SBA/USDA lending platform. Additionally, the completion of the private placement positions our company for continued organic growth as well as the flexibility to look at additional acquisition opportunities in the future.”

Phil Collins, President of Sound Bank echoed, “We are excited about becoming part of the West Town organization, which we believe will result in a bigger, stronger, more profitable franchise and allow our customers to benefit from additional products and services.”

About West Town Bancorp, Inc.
West Town Bancorp, Inc., which is headquartered in Raleigh, North Carolina, is a multi-bank holding company registered with the Board of Governors of the Federal Reserve System. West Town operates two banking subsidiaries – West Town Bank & Trust, an Illinois state bank with its main office in North Riverside, IL, and Sound Bank, a North Carolina-chartered bank with its main office in Morehead City, NC. Through its banking subsidiaries, West Town provides banking services and products through its offices in Illinois and North Carolina, including checking, savings, and time deposit accounts and residential mortgage, commercial, and installment loans.

West Town Bancorp, Inc. Completes Acquisition of Sound Banking Company and Private Placement Offering

RALEIGH, N.C., Sept. 05, 2017– West Town Bancorp, Inc., announced today the successful completion of its acquisition of Sound Banking Company of Morehead City, NC thereby further expanding its presence …..

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American Express (AXP) Unveiled “Pay It Plan” Targeting Millennials

American Express (NYSE: AXP) introduced a new feature called “Pay It Plan It” recently that is designed that is targeting millennials and became available to all card holders August 30th. This feature allows cardholders to pay for certain purchases of $100 or more in installments.

Please visit the American Express (NYSE: AXP) Dedicated Company Page located within the Vista Partners Coverage Universe section our our website in order to learn more and to gain a  greater understanding as developments occur.

American Express is making a major change — because of millennials

AmEx now allows certain large credit card purchases to be paid via installments…

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MERGER ANNOUNCEMENT: West Town Bancorp (WTWB) and Sound Banking Company

On Feb. 17, 2017 West Town Bancorp, Inc., Raleigh, North Carolina (“West Town”) (WTWB), parent company of West Town Bank & Trust, North Riverside, Illinois (“WTBT”), and Sound Banking Company, Morehead City, North Carolina (“Sound Bank”) (SNBN) jointly announced that they have signed a definitive merger agreement pursuant to which Sound Bank will be merged with and into WTBT. Upon completion of the transaction, the combined bank will operate under the name “Sound Bank” from branch offices in both North Carolina and Illinois. On a combined basis, the bank will have approximately $485 million in assets, approximately $374 million in loans, and approximately $384 million in deposits based upon reported amounts as of December 31, 2016. Following the merger, four non-employee members of Sound Bank’s existing board of directors will join the seven existing members of the West Town and WTBT boards of directors to lead the combined firm.

In connection with the merger, West Town has entered into securities purchase agreements (“SPAs”) with a limited number of institutional and other accredited investors (collectively the “Purchasers”) to sell a total of 453,480 shares of West Town common stock, $1.00 par value, at a purchase price of $23.00 per share and 30,739 shares of a non-voting, convertible, perpetual preferred stock, Series A, $100.00 par value (the “Series A Preferred Stock”), at a purchase price of $230.00 per share, for aggregate gross proceeds of $17.5 million.

Commenting on the announcement, Eric Bergevin, President and Chief Executive Officer of West Town and WTBT, said, “The combined bank offers a unique and highly attractive community bank franchise in contiguous markets in Eastern North Carolina that will expand branch access for the bank’s customers. Sound Bank’s traditional community banking franchise rooted with a strong core deposit base will also compliment West Town’s substantial fee income business driven by our national SBA/USDA and residential lending platforms. We look forward to working with the Sound Bank team to operate a larger organization in a cost effective way, which we feel will increase profitability and shareholder value, while better serving our customers with a larger branch network and access to more products and services.” Phil Collins, President and Chief Executive Officer of Sound Bank, echoed, “We are very excited about this opportunity to team up with West Town. We believe the combination of our two companies will result in a bigger, stronger, more profitable bank and allow us to offer additional services to better meet the needs of our expanding customer base.”

The transaction is expected to close in the second or third quarter of 2017, subject to receipt of regulatory approvals and the approval of the merger by the shareholders of Sound Bank.

The Merger Agreement

Under the terms of the merger agreement, shareholders of Sound Bank will receive a combination of cash and stock valued at $24.6 million, based on West Town’s closing price of $23.00 as of February 16, 2017. Each share of Sound Bank common stock will be converted at closing of the merger into the right to receive either $12.75 in cash or 0.60 shares of West Town common stock. The exchange ratio of 0.60 shares of West Town common stock for each share of Sound Bank common stock will be adjusted down if the weighted average closing price of West Town common stock on the ten most recent trading days preceding the merger closing is greater than $27.75 per share. In such an event, the exchange ratio would be reduced only such amount as would be necessary so that the average market value of a share of West Town common stock multiplied by the adjusted exchange ratio would approximate $16.65. Sound Bank shareholders will have the opportunity to elect between West Town common stock, cash or a combination of West Town stock and cash, subject to the limitation that 65% of Sound Bank shares will be exchanged for West Town stock and 35% of Sound Bank shares will be exchanged for cash.

Mr. Bergevin will remain President and Chief Executive Officer of West Town and Chief Executive Officer of the combined bank. At closing, Mr. Collins will become President of the combined bank and will also be added to the combined bank’s board of directors as a fifth legacy Sound Bank director.

The Private Placement

As mentioned above, West Town has entered into SPAs with certain investors pursuant to which the company expects to raise gross proceeds of $17.5 million. The Purchasers’ obligations to fund under the SPAs are subject to certain conditions, including the receipt of all required regulatory and shareholder approvals to consummate the merger with Sound Bank. The Series A Preferred Stock issued as part of the mixed equity raise will be a newly created series of preferred stock, which will be non-voting and, subject to required shareholder approvals, will be convertible, on or after October 1, 2017, into non-voting common stock, on the basis of ten shares of non-voting common stock for every one share of non-voting Series A Preferred Stock. The proceeds from the private placement will be used to support the Sound Bank merger, the combined bank’s capital ratios and for general corporate purposes.

West Town was advised in the merger by FIG Partners, LLC, Atlanta, Georgia, as financial advisor and Wyrick Robbins Yates & Ponton LLP, Raleigh, North Carolina, as legal counsel. Sound Bank was advised by Raymond James & Associates, Inc., as financial advisor, Performance Trust Capital Partners, LLC, Chicago, Illinois, as independent advisor to render a fairness opinion, and Ward and Smith, P.A., New Bern, North Carolina, as legal counsel.

About West Town Bancorp, Inc.
West Town Bancorp, Inc. is the registered bank holding company for West Town Bank & Trust, an Illinois state-chartered bank based in North Riverside, Illinois. The bank provides banking services through its offices in Illinois and North Carolina and also maintains loan production offices in North Carolina, New York, Maryland, Pennsylvania, Florida, Idaho and New Jersey. Its primary deposit products are checking, savings, and time certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Additionally, the bank engages in mortgage banking activities and, as such, originates and sells one-to-four family residential mortgage loans in multiple states. To learn more about West Town and its subsidiary bank, please visit its website at www.westtownbank.com.

About Sound Banking Company
Sound Bank is a North Carolina state-chartered bank headquartered in Morehead City, North Carolina. Sound Bank has full-service offices in the following North Carolina cities: Morehead City, Wilmington, New Bern, Beaufort and Cedar Point. Sound Bank also operates a loan production office in Jacksonville, North Carolina. To learn more about Sound Bank, please visit its website at www.soundbanking.net.

Additional Information About the Merger
In connection with the proposed merger, West Town and Sound Bank will prepare a proxy statement/offering circular for the special meeting of shareholders of Sound Bank that will be called to approve the merger. It is anticipated that the proxy statement/offering circular and other relevant materials (when they become available) will be mailed to shareholders of Sound Bank in the second quarter of 2017. This press release is not a solicitation of any vote or approval of the shareholders of any of the parties and is not a substitute for the proxy statement/offering circular or any other documents that West Town or Sound Bank may send to Sound Bank’s shareholders in connection with the proposed merger. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities to be issued in connection with the proposed merger. Offers to buy such securities will be solicited only by and pursuant to the terms, conditions and disclosures contained in the proxy statement/offering circular. The securities to be issued in the proposed merger and in the private placement are not savings or deposit accounts and are not insured or otherwise approved by the Federal Deposit Insurance Corporation or any other federal or state governmental agency.

BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, SHAREHOLDERS OF SOUND BANK ARE URGED TO CAREFULLY READ THE ENTIRE PROXY STATEMENT/OFFERING CIRCULAR REGARDING THE PROPOSED MERGER WHEN IT BECOMES AVAILABLE, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.

Sound Bank and its directors and executive officers may be deemed to be participants in the solicitation of appointments of proxies from the shareholders of Sound Bank in connection with the special meeting of shareholders. Information about the directors and executive officers of Sound Bank is set forth in the proxy statement for Sound Bank’s 2016 annual meeting of shareholders, which is available from the investor relations section of the bank’s website. Additional information regarding the interests of these participants and other persons who may be deemed participants in the proxy solicitation may be obtained by reading the proxy statement for the special meeting of shareholders when it becomes available.

West Town Bank & Trust and Sound Bank Announce Merger

RALEIGH, N.C. and MOREHEAD CITY, N.C., Feb. 17, 2017 /PRNewswire/ — West Town Bancorp, Inc., Raleigh, North Carolina (“West Town”) (OTC: WTWB), parent company of West Town Bank & Trust, North …..

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Lululemon Running Past Yoga Roots for Growth

Lululemon Athletica Inc. (LULU) shares were up over 7% post better than expected Q2 results on a Friday prior to the Labor Day Holiday. The Company stated that their push and success into running, spinning and other supportive and creative initiatives are securing growth beyond yoga pants.

Lululemon goes beyond yoga pants for sales growth

Lululemon’s second-quarter results got a boost from some new areas, like menswear, international markets and digital…

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Why Is Ride-Sharing Marrying Financial Services?

Ride-sharing companies are marrying their services with financial services to take advantage of their natural reach to as many as 2 billion people that lack access to traditional financial services worldwide. With the majority of these 2 billion residing in developing countries where banks and financial institutions have long resisted offering tradition banking services to them.

Are Taxis the New Banks?

Why ride-sharing companies are getting into financial services…

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“Angry Birds” Innovator Rovio plans IPO

“Angry Birds” maker Rovio plans IPO and seeks to offer around 30 million euros ($36 US dollars).  They are seeking growth and confidence spidering acquisitions.

Finland based Robin launched the original “Angry Birds” game, in which players use a slingshot to attack pigs that steal birds’ eggs in 2009

“Angry Birds” maker Rovio plans IPO to boost growth

By Jussi Rosendahl and Tuomas Forsell HELSINKI (Reuters) – The maker of hit mobile phone game “Angry Birds” is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. Finland’s Rovio Entertainment Ltd said..

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Aussie Job Market Showing Strength

Australia is a resource-rich economy that continues to post results  that are confirming a rapidly improving job market.

Australian Jobs Market Shows Strength

Sep.04 — Bloomberg’s Paul Allen reports on the latest business news from Australia. He speaks on “Bloomberg Daybreak: Australia.”..

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Avionics & Interiors Maker Rockwell Collins Being Purchased By Aerospace Supplier United Technologies For $30 billion

Farmington, Connecticut-based Aerospace supplier United Technologies (NYSE: UTX) will pay $140 per share for Rockwell Collins (COL), split between $93.33 per in cash and $46.67 in stock, according to the companies and an article via Reuters.

To grow your understanding of this ongoing opportunity and to stay up to date please consider visiting the  United Technologies (NYSE: UTX) dedicated company page located within the Vista Partners Coverage pages.

United Tech to buy Rockwell Collins for $30 billion

Farmington, Connecticut-based United Technologies will pay $140 per share for Rockwell Collins, split between $93.33 per in cash and $46.67 in stock, according to the companies. The price represents a 17.6 percent premium to Rockwell’s $119 share price before news of the talks emerged on Aug. 4…

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