SmallCapReview.com: Stocks on the Move - COPI, ZGNX, UNXL
(M2 PressWIRE Via Acquire Media NewsEdge) Compliance Systems Corp (OTCQB : COPI ) $0.165, Up 32%. Today announced that, in collaboration with its JV partner Boylesports, it will launch live sports book wagering operations on March 26.
It will expand with a suite of online casino wagering games the following month in April.
Boylesports is Ireland's largest, privately owned internet gambling company, and it is "white labeling" its cutting edge, online wagering platform for the SeanieMac.com brand.
Separately, the Company noted it was prominently featured this week in igamingbusiness, a leading online industry media publication with over 16,000 affiliates, operators and vendors regularly reading its information off-line and 75,000 online, igamingbusiness is the biggest publishing company within the sector.
"Initially set to focus on Gaelic Athletic Association (GAA) games as well as Irish horseracing and soccer, SeanieMac.com will also offer unique features, odds and promotional wagering specials from Boylesports while the pair is to create and implement marketing activities to promote the new brand."
Commenting on the historic news, COPI Chairman of the Board, Sean "SeanieMac" McEniff, said, "It has been near two years now, and we and our loyal shareholders are excited to see the launch of wagering operations is now less than a month away. We will lead with the sports book of course, capitalizing on our experience with Irish sports featuring the ever popular Gaelic Athletic Association (GAA) along with many other sports book categories, and we'll add casino games in April."
What They Do: SeanieMac Limited is a development stage Irish company. It owns and operates SeanieMac.com, an online sports and casino wagering web-based platform serving gamblers and plans to launch wagering operations next month.
While the site offers wagering for many categories outside of sports, SeanieMac intends to capture the Irish market by initially focusing on the Gaelic Athletics Association (GAA) or Gaelic Games as well as Irish horse racing and soccer. Its mission is to offer a market-leading, user-friendly website for online gambling, including sports betting and casino gaming.
Zogenix (Nasdaq: ZGNX). $1.68, Up 38% . Announced Tuesday after market close that it has been informed by the U.S. Food and Drug Administration (FDA) that Zogenix is unlikely to receive an action letter for its New Drug Application (NDA) for ZohydroTM ER (hydrocodone bitartrate extended-release capsules) by the Prescription Drug User Fee Act (PDUFA) goal date of March 1, 2013.
Under the performance goals set by the FDA under PDUFA, the agency can miss the prescribed goal date for approximately ten percent of the NDAs that are submitted each year and still meet the performance goals for review of priority and standard applications.
The FDA has not provided Zogenix with information as to the reason for the possible delay, but has indicated that the delay would likely be brief and may last only several weeks. Zogenix has not been informed of any deficiencies in the application during the review process to date.
What They Do: Zogenix is a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain.
UniPixel (Nasdaq: UNXL) $23.39, Up 24%. Announced Tuesday after market close results for the fourth quarter and year ended December 31, 2012.
Revenues totaled $76,200 in 2012, as compared to $195,200 in 2011, reflecting the company's continued development stage status as it transitions to a production stage company.
Net loss was $9.0 million or $(1.11) per share in 2012, as compared to a net loss of $8.6 million or $(1.20) per share in 2011.
Cash and cash equivalents totaled $13.0 million at December 31, 2012, as compared to $7.2 million at December 31, 2011. The increase in cash was primarily due to a $12.3 million (net) equity raise completed in the third quarter of 2012.
What They Do: UniPixel delivers Performance Engineered Films to the Lighting, Display and Flexible Electronics markets.
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