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June 2, 2016 - Balluun Secures a CHF 40 Million Share Subscription Facility to Expand its Global B2B Social Commerce Footprint (2)

Zurich, Switzerland – June 2, 2016: Balluun Ltd (“Balluun”), a Swiss based B2B technology company, announced today that it has signed a binding agreement with a leading consortium of high profile institutional investors (the “Investors”), led by Global Emerging Markets (“GEM”) granting Balluun a CHF 40 million committed Share Subscription Facility (the “SSF”) as of the date Balluun lists its common shares on the SIX Swiss Exchange, which is expected to be completed in Q4 2016.

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WomenCorporateDirectors

Avalon Securities is pleased to announce that its client, WomenCorporateDirectors (WCD), the largest global community of women corporate board directors with 3,500+ members serving on more than 7,000 boards around the world, is now the WomenCorporateDirectors Education and Development Foundation, Inc. (the WCD Foundation), a 501(c)(3) not-for-profit organization.

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The Needlers Foundation Honors Jack Hendler at Its Annual Golf Outing Event

Please join us in congratulating Jack Hendler as he is being honored at The Needlers Foundation’s Annual Golf Outing Event. For the last quarter century, Jack raised funds for pediatrics hospitals and rehabilitation centers. The funds raised at the Golf Outing provide underprivileged children required neurosurgery and medical care. This event will take place on Monday, August 31st, 2015 at Fresh Meadows Country Club, Lake Success, New York.

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Scott Kay, Inc.

Avalon Net Worth is pleased to announce that our client Scott Kay, Inc., Inc. has been acquired by Frederick Goldman, Inc..

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The Wet Seal, Inc. Announces Private Placement of $18.5 Million

Foothill Ranch, Calif.--(BUSINESS WIRE)-- The Wet Seal, Inc. (Nasdaq: WTSL), a leading specialty retailer to young women, today announced that it has entered into a securities purchase agreement to sell shares of its Class A common stock to a limited number of institutional investors in a private placement.

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The Wet Seal, Inc. Announces Intent to Conduct Rights Offering

Foothill Ranch, Calif.--(BUSINESS WIRE)-- The Wet Seal, Inc. (Nasdaq: WTSL), a leading specialty retailer to young women, today announced, subject to applicable regulatory approvals, that it intends to conduct a rights offering which will allow the Company to raise equity capital through the sale of shares of its Class A common stock to its stockholders.

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