Peizer’s Crede Capital buys $7.5 million ZaZa Energy, Corp. Equity; Stock Rises 17% On Deal Announcement

HOUSTON–(BUSINESS WIRE)–ZaZa Energy Corporation (“ZaZa” or the “Company”) (ZAZA) today announced that the Company has entered into a $7.5 million capital markets transaction with Crede Capital Group, LLC, a Los Angeles-based family office. The Company plans to use the proceeds to fund additional East Texas development and lease acquisitions. Terren Peizer, Chairman of Crede Capital Group, his principle investment vehicle commented, “We are delighted to join with management in purchasing equity in general, but specifically gaining a stake in the very valuable Eagle Ford and Eagle Ford East resource plays. We further look forward to their imminent production results.”
The investment will be made in two phases. The closing of the first phase, which has occurred today, is for $5 million gross proceeds in exchange for ZaZa common stock at a price of $0.83 per share. The price per share was determined by the closing price on July 17, 2014 as reported on the Nasdaq Capital Market. The transaction also includes 0.6 warrants for every share of ZaZa common stock with a strike price of $1.1205 per share, a 35% premium to such price. The second phase for $2.5 million is scheduled to close on or before October 20, 2014, and also includes 0.6 warrants for every share of ZaZa common stock. The price for such additional shares shall be determined by reference to the closing price of ZaZa common stock on the day prior to such additional issuance.
About ZaZa Energy Corporation
Headquartered in Houston, Texas, ZaZa Energy Corporation is a publicly-traded exploration and production company with primary assets in the Eagle Ford and Eagle Ford East resource plays in Texas. More information about the Company may be found at www.zazaenergy.com

Terren Peizer’s Crede Capital Group invests $15 million into Net Element; Stock rises over 100% on the week.

Net Element, Inc. (NETE) (“Net Element” or the “Company”), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, is pleased to announce that it has entered into a debt exchange agreement with Crede CG III, Ltd. (“Crede”), a wholly owned subsidiary of Crede Capital Group, LLC. Under the agreement, the Company immediately eliminated $15,876,860 of indebtedness under certain promissory notes, which will be reflected in Net Element’s quarterly financial results for the period ending September 30, 2014. Crede paid more than $15 million to the Company’s note holders to acquire such promissory notes. After acquiring the promissory notes, Crede exchanged them for Company common stock. Terren Peizer, Chairman of Crede Capital Group, Peizer’s personal investment vehicle, commented, “We are delighted to provide the capital to strengthen Net Element’s balance sheet, and provide the growth capital for the company to execute on its plan. On the heels of Apple’s foray into mobile payments, the industry is an exciting place to allocate capital.”

“In addition to saving on the financing expenses associated with holding high-interest loans, we have freed up a significant amount of cash flow and strengthened our balance sheet by replacing debt with equity. The increased financial flexibility provided by this transaction positions us to take advantage of growth opportunities and partnerships in promising areas such as mobile payments,” said Oleg Firer, CEO of Net Element.

The transaction is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 3(a)(9) of the Securities Act. Additional information regarding this financing may be found in Net Element’s Current Report on Form 8-K, which was filed with the Securities and Exchange Commission (SEC) on September 15, 2014, and may be obtained from the SEC’s Internet website athttp://www.sec.gov.

Catasys Commences Enrollment for Its OnTrak™ Program in New Jersey with Leading Health Insurance Provider…

Company Expands Coverage by more than 500,000 Commercial Equivalent Lives.

Los Angeles, California — February 26, 2015 /PRNewswire/—Catasys, Inc. (CATS) provider of proprietary health management services to health insurers and other third party payors, is pleased to announce that it has expanded its Catasys’ OnTrak™ program into New Jersey with one of the nation’s leading national health plans. The plan’s eligible commercial health plan members will be covered under the OnTrak program, which includes medical and psychosocial interventions, as well as intensive care coaching over 52-weeks. Terren Peizer, Founder, Chairman and CEO, and 67% owner of Catasys, Inc. through his personal investment vehicle Crede Capital Group, commented, “We now have two  leading  national health plans, Humana and Aetna, and Medicaid leader, Centene, Inc. , and Fallon Healthcare now operating in 9 states. We anticipate rapid expansion  amongst  health plans throughout the industry  as well as geographical expansion within the health plans  over the coming year. We also anticipate rolling out similar programs for other behavioral health disease conditions, such as anxiety and depression. We proudly are improving patient health, providing significant cost savings to the healthcare system, and incentivising health plans to pay for the necessary treatment costs that patients require. Catasys’ OnTrak program is a game-changer.”
“Given the success of our enrollments, we are excited to expand into New Jersey with one of the largest health plans in the nation serving more than 20 million medical members. We look forward to working with patients in New Jersey to provide medical and behavioral treatment in a patient-centric, long-term program that provides individualized support and coaching to members addressed by our OnTrak program. Our outcomes demonstrate that overall, members who have enrolled in the OnTrak program have achieved improved health and reduced hospital admissions,” said Rick Anderson, Catasys’ President and COO. “Our initial focus is on improving the whole health of people with substance use disorders in order to reduce health care costs for insurers and other payors. This is a multi-billion dollar opportunity, and through our business model, we have already demonstrated greater than 50% reduction in health plan healthcare costs for members enrolled in our program. We look forward to delivering similar results in this plan and continue to focus on further expanding this program nationally; as we are with many of our other national plans.”
Catasys has contracts with many health insurance providers and currently has approximately 1.8 million Commercially Equivalent Lives (CELs) covered under contracts and located in nine states, which is anticipated to allow the Company to achieve profitability once full steady state enrollment is achieved. For more information and a list of Catasys’ customers, please refer to the corporate presentation posted on the Investors section of the Company’swebsite.
About Catasys
Catasys, Inc. provides specialized healthcare management services to health plans and employers through its OnTrak program. Catasys’ OnTrakprogram – contracted with a growing number of health insurers – is designed to improve member health and at the same time lower costs to the insurer for underserved populations where behavioral health conditions are exacerbating co-existing medical conditions. The program utilizes member engagement and patient centric treatment that integrates evidence based medical and psychosocial interventions along with care coaching in a 52-week outpatient program. OnTrak is currently improving member health and, at the same time, is demonstrating reduced inpatient and emergency room utilization driving a more than 50% reduction in total health insurers’ costs for enrolled members. Catasys has contracts with many health insurance providers and currently has approximately 1.8 million Commercially Equivalent Lives (CELs) covered under contracts and located in nine states. Catasys’ initial focus is on the high cost substance abuse populations, where it has incentivized health plans to spend more on behavioral health to improve overall member health resulting in lower hospital utilization and cost. In addition, Catasys is looking towards other populations and behavioral health disease conditions to expand to in the future. For further information, please visit www.catasys.com.