Connect with us

Press Release

MTBC Announces Closing of $3.9 Million Public Offering of Non-Convertible Preferred Stock

Segun Balogun

Published

on

SOMERSET, N.J., Dec. 11, 2017 (GLOBE NEWSWIRE) — Medical Transcription Billing, Corp. (“MTBC” or the “Company”) (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, today announced the closing of its public offering of 155,440 shares of its non-convertible 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) at a price of $25 per share, for gross proceeds of approximately $3.9 million.

H.C. Wainwright & Co., acted as exclusive lead placement agent for the offering and Boenning & Scattergood, Inc. acted as co-placement agent. After deducting the placement agent’s fees and other estimated offering expenses payable by MTBC, the net proceeds to MTBC are approximately $3.4 million.

“We’re grateful to our investors and bankers for helping us close this upsized and oversubscribed offering of our Series A Preferred Stock,” said Stephen Snyder, MTBC President. He continued, “As we generate positive cash from operations, remain free of long-term debt, and have a $5 million undrawn revolving line of credit to support growth, we are well positioned to continue increasing our revenue and profitability to record levels in 2018.”

The shares of Series A Preferred Stock were sold pursuant to an effective shelf registration statement on Form S-3 that was initially filed with the Securities Exchange Commission (the “SEC”) on May 9, 2016.The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. The final preliminary prospectus supplement and accompanying prospectus relating to the offering was filed with the SEC on December 7, 2017 and is available on the SEC’s website located at http://www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus may be obtained by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 4th Floor, New York, New York 10022, or by calling (646) 975-6996 or emailing placements@hcwco.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein or any other securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About MTBC

MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC’s common stock trades on the NASDAQ Capital Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol “MTBCP.”

For additional information, please visit our website at www.mtbc.com.

Follow MTBC on TwitterLinkedIn and Facebook.

Forward-Looking Statements

This press release contains various forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “should,” “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other comparable terminology.

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, increased sales and marketing expenses, and the expected results from the integration of our acquisitions.

These forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to: the Company’s ability to manage growth; integrate acquisitions; effectively migrate and keep newly acquired customers and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events

SOURCE MTBC

Company and Investor Contact:
Bill Korn
Chief Financial Officer
Medical Transcription Billing, Corp. 
bkorn@mtbc.com
732-873-5133

Experienced Social media Manager , Website designer/Manager, and Search Engine Optimization Consultant with a demonstrated history of working in the information technology and services industry. Skilled in Search Engine Optimization (SEO), Public Speaking, Writing, HTML, and Content Marketing. Strong marketing professional with a Bachelor of Science in education focused in Industrial and Technology education from University of Nigeria , Nsukka. For a FREE 30 minute chat about your digital marketing strategy.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

50 Women Recognized for Their Leadership in Marketing Technology

Segun Balogun

Published

on

Austin, TX — (ReleaseWire) — 12/21/2017 –MarTechExec, a rapidly growing online community for marketing technology professionals, has recognized 50 Women You Need to Know in Martech – 2018. The women will be featured in a series of articles that speak to the changing martech workplace, career advice, the biggest challenges ahead and how to increase the presence of women in the industry.

“We didn’t want this list to be comprised of the usual suspects,” Lana K. Moore, CEO and Executive Editor for MarTechExec, explained. “Instead, we wanted to expand our search to identify women who rendered a true passion for marketing and marketing technology — and who exhibited a desire to develop a community of strong, intelligent marketing executives.”

This inaugural distinction hopes to amplify the collective voice of brilliant, deserving women and reinforce support for women, in all workplaces, across all industries around the world.

Beginning in January, the Women in Martech Series will offer resources and programs intended to help anyone, woman or man, succeed in martech.

The series will feature advice, thoughts and opinions from our 50 Women You Need to Know in Martech, including:

Adele Sweetwood, Senior Vice President Global Marketing at SAS
Agata Celmerowski, Vice President Marketing at Klaviyo
Agatha Rymanowska, Senior Vice President, Enterprise Operations at Conversant
Alayne Wilinsky, Senior Product Manager at Zvelo
Aleksandra Injac, Managing Director, Programmatic Buying at Mindshare North America
Amy Fox, Head of Product at Blis
Andrea Lechner-Becker, Chief Strategy Officer at LeadMD, Six Bricks
Angela Wells, Senior Director at Oracle
Anita Brearton, Founder and Chief Executive Officer at CabinetM
Annie Eaton, Chief Executive Officer at Futurus, LLC
Asmita Singh, Vice President, Marketing and Demand Analytics at Travel Leaders Group
Brandi Starr, Chief Operating Officer and Managing Consulting at Tegrita Consulting Group
Brooke Willcox, Director of Digital Business Development at MNI Targeted Media
Cathy McPhillips, VP of Marketing at Content Marketing Institute
Daina Middelton, Chief Executive Officer (Chief Executive Officer) at Ansira
Dasha Moore, Chief Operating Officer at Solodev
Deborah Ermiger, Director, IT Employee Experience at DXC Technology
Emily Kolvitz, Consultant at Bynder
Holly Gage, Marketing Consultant at Rowland Gage
Inbal Lavi, Webpals Group Chief Executive Officer at Webpals
Inecke Snyder-Lourens, Director of Professional Services at Cognifide
Jennifer Kyriakakis, Founder and Vice President of Marketing at MATRIXX
Jennifer Renaud, Global Marketing Lead & Chief Marketing Officer for Oracle Marketing Cloud at Oracle
Jennifer Shambroom, Chief Marketing Officer at YouAppi
Jessica Bicknell, Senior Vice President Business Development at Semcasting
Julie Fleischer, Vice President, Product Marketing, Marketing Solutions at Neustar
Kate O’Loughlin, Chief Operating Officer, North America at SuperAwesome
Kellie Sakey, Vice President of Advertising at Unified
Kelly Jo Sands, Executive Vice President of Marketing Technology and Data Services at Ansira
Kerry Bianchi, President & Chief Executive Officer at Visto
Kim Howard, Marketing Manager at SuiteRetail
Lana K. Moore, Chief Executive Officer and Founder at MarTechExec
Larissa Murillo, Head of Marketing at MarketGoo
Laura Patterson, President at VisionEdge Marketing, Inc.
Leah Pope, Chief Marketing Officer at Datorama
Lisa Henderson, Chief Client Officer, Technology Practice, Epsilon at Epsilon
Lou Donnelly-Davey, Chief Marketing Officer at TracPlus
Maribeth Ross, Senior Vice President of Marketing at Monetate
Mary Ellen Dugan, Chief Marketing Officer at WP Engine
Meg Ryan, Vice President, Marketing Strategy at Atlanta Hawks & Philips Arena
Megan Lueders, Vice President of Marketing at Zenoss
Michel Feaster, Chief Executive Officer and Co-Founder at Usermind
Michele Eggers, Senior Director, Customer Intelligence Product Management at SAS
Michelle Brammer, Director of Marketing at eZanga
Michelle Kim, Vice President, Marketing at Amplitude
Molly Schweickert, Head of Digital at Cambridge Analytica
Nadjya Ghausi, Vice President of Marketing at Prezi
Seeta Hariharan, General Manager and Group Head at Tata Consultancy Services Digital Software & Solutions Group
Sheryl Schultz, Founder & President, COO at CabinetM
Stacy Taylor, Director of Digital Marketing at Carousel Industries
Stefanie Grieser, Head of Partnerships, Events & Global Markets at Unbounce
Valerie Vallancourt, Vice President of Marketing at Outsell

To see what the Women You Need to Know in Martech have to say, check out 50 Women You Need to Know in Martech: 2018.

Make sure to also subscribe to the series to receive updates on resources and programs to help you succeed in martech.

About MarTechExec
MarTechExec is an Angie’s-List-meets-Reddit online community where marketing professionals rate and review vendors, upvote member-fueled discussions, and learn about the latest strategies, tools, and tactics from their peers. With over 5,000 solutions in the marketing technology landscape, the mission for this Austin-based, bootstrapped startup is to help marketing executives, and their teams, stay on top of their martech game.

For more information, please visit us at martechexec.com and find us on:

Twitter: @martechexec
Instagram: @martechexec
Facebook: @martechexecs
LinkedIn: Lana K. Moore

Continue Reading

Press Release

NXP and Baidu Partner on Apollo Open Autonomous Driving Platform

Segun Balogun

Published

on

  • NXP joins Baidu’s Apollo, a leading open autonomous driving platform
  • NXP to provide millimeter wave radar, V2X, security and smart connectivity
  • Partners to leverage NXP BlueBox development platform for low-power, high performance and functional safety benefits

SHANGHAI, China, Dec. 21, 2017 (GLOBE NEWSWIRE) — NXP Semiconductors (NASDAQ:NXPI), the world’s largest automotive semiconductor supplier and Baidu, Inc. (NASDAQ:BIDU), the leading Chinese language search provider today announced a cooperation in autonomous driving. Under the terms of the agreement, NXP will join Baidu’s open autonomous driving platform, Apollo, and provide semiconductor products and solutions including millimeter wave radar, V2X, security, smart connectivity and in-vehicle experience technologies.

First announced in April 2017, Apollo is Baidu’s open autonomous driving platform which provides a comprehensive, secure and reliable all-in-one solution supporting all major features and functions of an autonomous vehicle. Baidu refers to Apollo as the Android of the autonomous driving industry, but more open and more powerful, allowing partners to go from zero to one and quickly assemble their own autonomous vehicles and start their product R&D. Apollo has now attracted over 70 global partners.

Details of the collaboration include:

  • NXP will provide semiconductor products and solutions for autonomous driving, millimeter wave radar, V2X, security, smart connectivity and in-vehicle experiences
  • Companies will leverage the NXP BlueBox development platform’s low energy consumption, high-performance and functional safety benefits
  • NXP and Baidu will collaborate on sensor integration and high-performance processors for deep learning networks
  • Baidu’s conversational in-car system, DuerOS for Apollo, will incorporate NXP infotainment solutions for faster time to market and enhanced performance

“The automobile industry in China continues to advance at an amazing pace,” noted Kurt Sievers, executive vice president and general manager of NXP’s automotive business. “NXP is proud to collaborate with Baidu on the success of Apollo platform. We believe that NXP and Baidu have incalculable synergies to bring to the new automotive revolution.”

Li Zhenyu, general manager of Baidu’s Intelligent Driving Group, said, “The collaboration with NXP is a significant step toward the application of Baidu’s autonomous driving and connected car technologies. NXP’s entry into the Apollo platform will inject momentum into our intelligent and autonomous vehicle ecosystem, creating benefits for the intelligent vehicle industry in China and the world.”

NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com

For more information, please contact:

NXP China PROgilvy PR China
Ming YueSharon Tang
Tel: +86-21-2205 2690Phone: +86-10-85206565
Fax: +86-21-2205 2518Fax: +86-10-85206600
Email: ming.yue@nxp.com

Europe / U.S. 
Jason Deal
Tel: +44 7715228414
Email: jason.deal@nxp.com

Email: sharon.tang@ogilvy.com

Continue Reading

Press Release

WhereverTV Latino Launches on Google Chromecast

Segun Balogun

Published

on

FORT MYERS, Fla., Dec. 20, 2017 (GLOBE NEWSWIRE) — WhereverTV Broadcasting Corp(OTCQB:TVTV), which delivers Over the Top (OTT) subscription television services to a variety of devices including smartphones, TabletPCs, streaming media players, computers and connected TVs and announced today that WhereverTV Latino, a wholly-owned division of WhereverTV and Google (NASDAQ:GOOGL) announced their alliance through Google’s Chromecast Division. WhereverTV Latino launches their OTT platform with Google being our first live-linear streaming partner in Latin America.

Google Chromecast Latin America and WhereverTV Latinos’ new marketing alliance starts on December 21, 2017 with distribution in Mexico and will be offered nationwide through 200 retail stores that include Best Buy, Coppel, Liverpool, Radio Shack & Sears.

“WhereverTV Latino is the future in today’s Latin American television markets. We can offer outstanding entertainment options and provide a variety of content and ground-breaking reality-based programming for WhereverTV Latino subscribers,” says Edward D. Ciofani, CEO WhereverTV. Ciofani continues, “I’m incredibly excited to be launching our OTT platform throughout Latin America with Google Chromecast and this marketing alliance. WhereverTV Latino is proud to have this relationship with an organization that is so unique and forward-thinking.”

Jack Feldman, Director of Latin American Affairs, WhereverTV Latino said, “I am very excited with this alliance between Google Chromecast and WhereverTV Latino. Our goal is to give Google users an enriched viewing experience with the best content available in Latin America as well as the unique opportunity of choosing only the content they want to see.”

Rodrigo Castuera, Director of Strategic Alliances, Google Chromecast division for Latin America, said, “The Alliance between Chromecast and WhereverTV Latino will allow the users to enjoy and experience a variety of content on their TV with their Chromecast devices.”

For more information please click: Internet TVOver the Top or WhereverTV.

Ph: (239) 319-2692
Email: socialmm@Wherever.TV

About WhereverTV Broadcasting Corporation (Symbol: TVTV)

Founded in 2007, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. Programming is identical to existing broadcast and distribution providers with the only differences being that the broadcast signals are accessed through the internet via an over the top (OTT) platform, and channel management is handled by company’s patented Interactive Program Guide (IPG) technology. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers these same channels, shows and events to SmartTVs and digital media receivers including: GoogleTV, AppleTV, Roku, Amazon Fire TV, iPhone, iPad, iPod Touch, Droid Smartphone, and TabletPCs. The WhereverTV platform enables subscribers to access licensed and free-to-air content across these devices with the IPG across unlimited geographies, and wherever there is internet connectivity. The customer viewing experiences are based on customer location (geo-targeting) and content-rights management (subscriptions). Current in-language subscription offerings include Arabic TV, French TV, Italian TV, and Moroccan TV. Current genre specific subscriptions include NEWS channels, faith based channels and more.  Apps are presently available for free in App Stores for iOS (Apple), Android and Amazon Fire TV devices. DVR functionality to record your shows and view later is presently in the works. Licensed US TV content subscriptions will be available in 2017. Please visit: www.wherever.tv, for more info.

WhereverTV Latino founded in 2016, a Mexican Register company, is a family entertainment Over the Top (OTT) platform in which you can enjoy live-streaming TV channels wherever you are and on any device. For further information visit: whereverlatino.tv

This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.

SOURCE WhereverTV Broadcasting Corp.

Continue Reading
InterServer Web Hosting and VPS

Follow me on Twitter

Recent Posts

Join Us On Facebook

Our Authors

%d bloggers like this: