Neoprobe Corporation, a Dublin, Ohio based developer of surgical and diagnostic devices and pharmaceuticals, said today that the European Medicines Agency (EMEA) has approved Neoprobe’s RIGScan® CR cancer detection system for additional testing and development, leading to the potential approval for Neoprobe to market the product throughout the European Union (EU) and affiliated countries.
The EMEA controls the introduction, development, and marketing of medical devices and products in the EU. Neoprobe’s concept for the RIGScan® CR system is a combination of radiation-emitting antibodies with a detection device to assist surgeons in the discovery of tumor deposits that may not be observable by conventional methods.
The company believes it has gotten tangible guidance from the EMEA on how to best continue the design of RIGScan® CR. Furthermore, the EMEA allowed for early termination of additional testing depending on the results. “We are excited by the response from the EMEA,” said David Bupp, Neoprobe’s President and CEO. He noted that the EMEA’s “response provides a clear, achievable development pathway for RIGScan® CR.”
Importantly, he said, “[t]he response acknowledges that the technology meets a currently unmet medical need and has the potential for improving the long term prognosis for both primary and recurrent colorectal patients. The EMEA has suggested a mechanism for an early termination of the study if, as anticipated, early improved outcomes are observed in the RIGScan treatment arm versus the control arm patients.”
Neoprobe, in business since 1983, also announced a conference call for November 6, 2008 at which time Mr. Bupp, and Vice President and CFO, Brent Larson, will provide an update on the company’s Lymphoseek product as well as RIGScan® CR. Additionally, the conference call will cover the company’s results for the third quarter of 2008.
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Friday, October 31, 2008
Cyberlux Corp. (CYBL.OB) Partners With Sacred Power To Bring Advanced Lighting Technologies To Solar Power
Cyberlux Corporation, developer of breakthrough lighting technologies, will partner with Sacred Power Corporation to offer previously unavailable lighting solutions to government and commercial projects.
At the heart of the partnership are Cyberlux’s revolutionary and patented illumination technologies, based upon the use of Gallium Nitride light emitting diodes. These state-of-the-art lighting elements consume 92% less energy than incandescent or fluorescent counterparts. In addition, the expected life of Gallium Nitride diodes is over 20 years, versus only 750 hours for traditional incandescent bulbs. The new technology is already being used as a low-energy, high-output, long-life solution in traffic lights and automotive break light applications.
Merging high-efficiency lighting with the renewable non-grid capabilities provided by solar power is a natural combination. The two companies will work together to take advantage of solid-state lighting and solar power opportunities in the energy, security, and power surety market segments. The partnership has already been awarded a contract from Sandia National Laboratories, on behalf of the Department of Defense, to provide solar powered security lighting, both visible and IR, across a variety of DOD agencies. Cyberlux will provide the LED security lighting solution, with Sacred Power providing solar power.
Cyberlux President and CEO, Mark Schmidt, explained what the partnership means for Cyberlux, “While our existing Portable Illumination Systems continue to drive growth with record year-over-year sales, by incorporating Sacred Power’s renewable power expertise and our superior lighting technologies into sustainable product solutions, we anticipate substantial opportunities within the energy, security and power surety market segments in 2009 and beyond. We look forward to bringing our tactical lighting systems capability, and the core patented technology embedded in our products, to the numerous Sacred Power customer and channel opportunities as well.”
The U.S. Patent Office recently awarded patent protection for 50 claims contained within Cyberlux patents, providing the company patent protection for its tactical lighting products and any future products developed on this patent foundation.
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At the heart of the partnership are Cyberlux’s revolutionary and patented illumination technologies, based upon the use of Gallium Nitride light emitting diodes. These state-of-the-art lighting elements consume 92% less energy than incandescent or fluorescent counterparts. In addition, the expected life of Gallium Nitride diodes is over 20 years, versus only 750 hours for traditional incandescent bulbs. The new technology is already being used as a low-energy, high-output, long-life solution in traffic lights and automotive break light applications.
Merging high-efficiency lighting with the renewable non-grid capabilities provided by solar power is a natural combination. The two companies will work together to take advantage of solid-state lighting and solar power opportunities in the energy, security, and power surety market segments. The partnership has already been awarded a contract from Sandia National Laboratories, on behalf of the Department of Defense, to provide solar powered security lighting, both visible and IR, across a variety of DOD agencies. Cyberlux will provide the LED security lighting solution, with Sacred Power providing solar power.
Cyberlux President and CEO, Mark Schmidt, explained what the partnership means for Cyberlux, “While our existing Portable Illumination Systems continue to drive growth with record year-over-year sales, by incorporating Sacred Power’s renewable power expertise and our superior lighting technologies into sustainable product solutions, we anticipate substantial opportunities within the energy, security and power surety market segments in 2009 and beyond. We look forward to bringing our tactical lighting systems capability, and the core patented technology embedded in our products, to the numerous Sacred Power customer and channel opportunities as well.”
The U.S. Patent Office recently awarded patent protection for 50 claims contained within Cyberlux patents, providing the company patent protection for its tactical lighting products and any future products developed on this patent foundation.
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Safeguard Scientifics, Inc.’s (SFE) Revenue Jumps 59%
Safeguard Scientifics, Inc., a holding company that provides capital and business resources to its partner companies in the information technology and life sciences fields, announced a 59% growth in the third quarter revenue. Consolidated revenue rose to $19 million, compared to just under $12 million for the same quarter last year. As a result, the company is updating its aggregated partner revenue outlook for 2008 (consolidated and non-consolidated) to between $155 million and $165 million, versus the $135 million to $150 million figures previously given.
Safeguard’s Sr. V.P. and CFO, Stephen T. Zarrilli, said, “We are able to take advantage of the volatility in the market in a very positive fashion. Our prudent use of cash allows Safeguard to continue to invest in exciting opportunities while improving our own balance sheet at this time. During the third quarter, Safeguard repurchased $38 million in face amount of our convertible debentures for $30 million, a 21% discount from face value. This transaction resulted in an approximate gain of $7.6 million. During the second quarter, the company also repurchased 813,300 common shares at an average price of $1.30 per share.”
Some of Safeguard’s partner companies also announced quarterly results. Clarient, Inc., a medical diagnostics services company, reported its 17th consecutive quarter of revenue growth, reporting positive earnings before interest and taxes. Advanced BioHealing, Inc., a regenerative medicine technology company, increased revenues 62% year-over-year.
Additional companies in which Safeguard has an ownership position include:
• Alverix, an optoelectronics company that develops portable medical diagnostics instruments
• Avid Radiopharmaceuticals, a leader in the development of molecular imaging products
• Cellumen, a toxicology services company
• NuPathe, provider of therapeutics for the treatment of neurological and psychiatric disorders
• Rubicor Medical, developer of minimally invasive breast biopsy and tissue removal technologies
• Advantage Healthcare, provider of proprietary software for medical billing
• Authentium, provider of data security technologies for financial institutions
• Beyond.com, the world’s largest network of online niche career communities
• Bridgevine, the leading advertising platform for purchasing digital products and services
• Genband, developer of next-generation IP infrastructure solutions
• Kadoo, currently building the world’s first social information management system
• Portico Systems, health plan software and services provider
• Swaptree, an online platform for trading books
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Safeguard’s Sr. V.P. and CFO, Stephen T. Zarrilli, said, “We are able to take advantage of the volatility in the market in a very positive fashion. Our prudent use of cash allows Safeguard to continue to invest in exciting opportunities while improving our own balance sheet at this time. During the third quarter, Safeguard repurchased $38 million in face amount of our convertible debentures for $30 million, a 21% discount from face value. This transaction resulted in an approximate gain of $7.6 million. During the second quarter, the company also repurchased 813,300 common shares at an average price of $1.30 per share.”
Some of Safeguard’s partner companies also announced quarterly results. Clarient, Inc., a medical diagnostics services company, reported its 17th consecutive quarter of revenue growth, reporting positive earnings before interest and taxes. Advanced BioHealing, Inc., a regenerative medicine technology company, increased revenues 62% year-over-year.
Additional companies in which Safeguard has an ownership position include:
• Alverix, an optoelectronics company that develops portable medical diagnostics instruments
• Avid Radiopharmaceuticals, a leader in the development of molecular imaging products
• Cellumen, a toxicology services company
• NuPathe, provider of therapeutics for the treatment of neurological and psychiatric disorders
• Rubicor Medical, developer of minimally invasive breast biopsy and tissue removal technologies
• Advantage Healthcare, provider of proprietary software for medical billing
• Authentium, provider of data security technologies for financial institutions
• Beyond.com, the world’s largest network of online niche career communities
• Bridgevine, the leading advertising platform for purchasing digital products and services
• Genband, developer of next-generation IP infrastructure solutions
• Kadoo, currently building the world’s first social information management system
• Portico Systems, health plan software and services provider
• Swaptree, an online platform for trading books
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China Organic Agriculture Inc. (CNOA.OB) Announces Completion of Strategic Acquisition to Gain Foothold in China’s Agricultural Market
China Organic Agriculture Inc. (OTCBB: CNOA) trades agricultural products in China and has established a business plan that will enable it to capitalize on China’s growing consumer class. The company today announced the $10.6 million acquisition of 60% of Dalian Huiming Industry Ltd., a major agricultural trading company with a wide distribution, which will allow China Organic to boost its distribution capabilities.
“The completion of this acquisition marks an important milestone in the history of China Organic Agriculture,” Jinsong Li, China Organic’s CEO stated in the press release. “We’re now able to focus on the successful integration of Dalian Huiming into CNOA’s operations, allowing us to expand distribution channels and diversify our product offerings.”
As one of the top-tier agricultural trading companies in the Northeast provinces of China, Dalian Huiming focuses on China’s major agricultural products, including soybeans, corn and cereal crops. The company’s success helped it achieve revenue of $40.2 million for 2007 and net income of $2.7 million, four times that of 2006.
Through the acquisition, Organic Agriculture anticipates benefiting from Dalian Huiming’s position in China’s consumer market through the expansion of its line of products and operating efficiencies.
“The highly synergistic acquisition of Dalian Huiming dovetails perfectly into our expanded business model,” Li stated. “We believe our plans to distribute soybeans and mushrooms under the recently acquired ‘Xiaoxinganling’ brand name will greatly benefit from China Organic’s enhanced reach and influence through Dalian Huiming.”
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“The completion of this acquisition marks an important milestone in the history of China Organic Agriculture,” Jinsong Li, China Organic’s CEO stated in the press release. “We’re now able to focus on the successful integration of Dalian Huiming into CNOA’s operations, allowing us to expand distribution channels and diversify our product offerings.”
As one of the top-tier agricultural trading companies in the Northeast provinces of China, Dalian Huiming focuses on China’s major agricultural products, including soybeans, corn and cereal crops. The company’s success helped it achieve revenue of $40.2 million for 2007 and net income of $2.7 million, four times that of 2006.
Through the acquisition, Organic Agriculture anticipates benefiting from Dalian Huiming’s position in China’s consumer market through the expansion of its line of products and operating efficiencies.
“The highly synergistic acquisition of Dalian Huiming dovetails perfectly into our expanded business model,” Li stated. “We believe our plans to distribute soybeans and mushrooms under the recently acquired ‘Xiaoxinganling’ brand name will greatly benefit from China Organic’s enhanced reach and influence through Dalian Huiming.”
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AgFeed Industries, Inc. (FEED) - China’s Largest Feed Corporation
The Chinese commercial hog farm industry is the largest in the world, accounting for more than half the annual global production. AgFeed Industries is China’s largest premix feed company, and has been named one of China’s top ten hog producers.
Founded in 1995, AgFeed produces well over 600,000 hogs a year at its 28 farms, with the help of more than 1,500 employees. The company also owns five premix feed plants, which are located in some of China’s most profitable feed markets. These facilities ship feed to 900 independently owned and operated retail chain stores, as well as provide for the wholesale networks.
AgFeed’s premix feed shortens the length of time in which a hog reaches full growth. It is licensed by the Chinese Ministry of Agriculture, and does not contain any harmful growth hormones or steroids; only a proprietary mix of vitamins, minerals, and proteins that act to stimulate hog growth.
On Thursday, the company went public with a statement assuring its customers that it has never used melamine, a substance that has recently come under scrutiny after causing sickness in thousands, and the deaths of four babies. AgFeed had petitioned the Chinese government to test its stock, and no melamine was found in either AgFeed products, or raw materials.
Also in recent news, was the company’s decision to initiate a $10 million share buyback program and management share lockup agreement. AgFeed’s board of directors are the company’s largest shareholders, and have agreed to enter into a one-year share lockup. It is reported that no member of management or the board has sold a single share since the company was founded.
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Founded in 1995, AgFeed produces well over 600,000 hogs a year at its 28 farms, with the help of more than 1,500 employees. The company also owns five premix feed plants, which are located in some of China’s most profitable feed markets. These facilities ship feed to 900 independently owned and operated retail chain stores, as well as provide for the wholesale networks.
AgFeed’s premix feed shortens the length of time in which a hog reaches full growth. It is licensed by the Chinese Ministry of Agriculture, and does not contain any harmful growth hormones or steroids; only a proprietary mix of vitamins, minerals, and proteins that act to stimulate hog growth.
On Thursday, the company went public with a statement assuring its customers that it has never used melamine, a substance that has recently come under scrutiny after causing sickness in thousands, and the deaths of four babies. AgFeed had petitioned the Chinese government to test its stock, and no melamine was found in either AgFeed products, or raw materials.
Also in recent news, was the company’s decision to initiate a $10 million share buyback program and management share lockup agreement. AgFeed’s board of directors are the company’s largest shareholders, and have agreed to enter into a one-year share lockup. It is reported that no member of management or the board has sold a single share since the company was founded.
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An Overview of Elray Resources Inc.’s (ELRA.OB) Senator Project
Elray Resources is an up and coming young company that is beginning to make its mark throughout the world. A technically driven gold and precious mineral exploration company, Elray is breaking ground with the Senator Project.
The Senator Project, also known as the Senator Mine Project, is an endeavor located in a mineral-rich region of Cambodia. Through the Senator Mine Project, Elray will have the ability to capitalize on the gold market.
The Senator Mine Project is a strong exploration target with the reported underground working, map reference by the French mapping and reporting of the 1970s and observed mineral and waste materials on the surface. The project has a reported 105 meters long adit following an average 1.5-meter wide multi-metallic massive sulfide vein with recoverable gold. The initial target appears to be a multi-metallic quartz vein system up to about a reportedly 1.5 meters width.
While the stock market has hit some bumps in the road lately, the price of gold traded up on Monday. Jeremy Charles, Chairman of the London Bullion Market Association was quoted saying that due to chaotic market conditions, investors are returning to gold “in a major way.”
With investors turning back to gold and Elray being at the forefront of gold exploration, this is a company to keep an eye on.
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The Senator Project, also known as the Senator Mine Project, is an endeavor located in a mineral-rich region of Cambodia. Through the Senator Mine Project, Elray will have the ability to capitalize on the gold market.
The Senator Mine Project is a strong exploration target with the reported underground working, map reference by the French mapping and reporting of the 1970s and observed mineral and waste materials on the surface. The project has a reported 105 meters long adit following an average 1.5-meter wide multi-metallic massive sulfide vein with recoverable gold. The initial target appears to be a multi-metallic quartz vein system up to about a reportedly 1.5 meters width.
While the stock market has hit some bumps in the road lately, the price of gold traded up on Monday. Jeremy Charles, Chairman of the London Bullion Market Association was quoted saying that due to chaotic market conditions, investors are returning to gold “in a major way.”
With investors turning back to gold and Elray being at the forefront of gold exploration, this is a company to keep an eye on.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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ThermoEnergy Corp. (TMEN.OB) Continues to Capitalize on Wastewater and Sludge
In many instances, it is the obvious things in life that represent the best investment opportunities. Items that are used each and every day with little or no thought. Add this idea to not being able to literally live without a product and a sure fire way to profit is at hand. There aren’t too many of these items in the world but they are right in front of investors each and every day; air, water and, to a degree, food.
ThermoEnergy Corp., an integrated technologies company, works to develop and market clean water and energy products. The company focuses its efforts on waste water treatment processes where nitrogen/ammonia removal systems may represent capital and cost constraints to municipal and industrial users. Resulting by-product opportunities are also a leading source of revenue for the company.
While many other natural resources receive a majority of attention in an energy oriented world, ThermoEnergy Corporation has chosen to focus its efforts on wastewater. Many indicate that, in the not too distant future, water will be the most valuable commodity in the world. ThermoEnergy is playing off of this coming reality and is working to save, clean and profit by its use and reuse. The company is currently working with a unique process that removes nitrogen/ammonia from waste water in such a way that the needed systems are smaller, less expensive and more economical in operation (30% less operational costs.) The system also generates a marketable by-product in the form of an inexpensive fertilizer and several types of biofuels. Presently, the company’s focus is on the water treatment aspect of the process as it begins work on a New York City 500,000 gallon per day water treatment facility.
Past the sale and marketing of the company’s water treatment equipment, it has found that its treatment process provides for the sale and reduction of waste water treatment by-products. Invariably, there is a by-product from waste water treatment called sludge. In most instances (95%), waste water treatment plants generate a sludge that is hazardous to humans, causing storage and cost issues. The company’s process leads to a different kind of sludge that is less harmful to humans. It is also rated as acceptable by the EPA to be burned as a fuel (industrial fuels for cement kilns, waste to energy plants and alike.)
Ultimately, this result leads to the customer, or the company, being able to realize a secondary revenue source from the overall process. With a recently added waste water and filtration company called CASTion Inc., ThermoEnergy is quickly presenting itself as a leader in the waste water treatment and bio-fuels marketplace. As people realize that water is more valuable than any other natural resource, ThermoEnergy Corp. will be ready to capitalize with a ready-made source of clean water and profit.
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ThermoEnergy Corp., an integrated technologies company, works to develop and market clean water and energy products. The company focuses its efforts on waste water treatment processes where nitrogen/ammonia removal systems may represent capital and cost constraints to municipal and industrial users. Resulting by-product opportunities are also a leading source of revenue for the company.
While many other natural resources receive a majority of attention in an energy oriented world, ThermoEnergy Corporation has chosen to focus its efforts on wastewater. Many indicate that, in the not too distant future, water will be the most valuable commodity in the world. ThermoEnergy is playing off of this coming reality and is working to save, clean and profit by its use and reuse. The company is currently working with a unique process that removes nitrogen/ammonia from waste water in such a way that the needed systems are smaller, less expensive and more economical in operation (30% less operational costs.) The system also generates a marketable by-product in the form of an inexpensive fertilizer and several types of biofuels. Presently, the company’s focus is on the water treatment aspect of the process as it begins work on a New York City 500,000 gallon per day water treatment facility.
Past the sale and marketing of the company’s water treatment equipment, it has found that its treatment process provides for the sale and reduction of waste water treatment by-products. Invariably, there is a by-product from waste water treatment called sludge. In most instances (95%), waste water treatment plants generate a sludge that is hazardous to humans, causing storage and cost issues. The company’s process leads to a different kind of sludge that is less harmful to humans. It is also rated as acceptable by the EPA to be burned as a fuel (industrial fuels for cement kilns, waste to energy plants and alike.)
Ultimately, this result leads to the customer, or the company, being able to realize a secondary revenue source from the overall process. With a recently added waste water and filtration company called CASTion Inc., ThermoEnergy is quickly presenting itself as a leader in the waste water treatment and bio-fuels marketplace. As people realize that water is more valuable than any other natural resource, ThermoEnergy Corp. will be ready to capitalize with a ready-made source of clean water and profit.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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Changing Times Vitamins, Inc. (SGTB.PK) Signs Deal with Coors of Las Vegas to Distribute RecoveryX
Changing Times Vitamins, Inc. (SGTB.PK), headquartered in Scottsdale, Arizona, was pleased to announce yesterday that it has entered into an agreement with Coors of Las Vegas to distribute its primary product, RecoveryX.
As a leader in the wholesale distribution of beverages, Coors of Las Vegas is on a mission to continually improve sales and service to meet both its suppliers’ and customers’ expectations. Through its team of highly trained associates, Coors only sells premium and regional brands through its distribution network. 60 to 70 percent of Coors’ business is to hotels, casinos, and restaurants.
RecoveryX is a unique product that contains a patent pending, clinically-tested algae extract that has shown the ability to reduce swelling and inflammation. As most athletes are aware, swelling and inflammation often occur after an intense work-out and may last for several hours. Extended periods of swelling hamper an athlete’s ability for a quick recovery and also increase the risk of contracting an infection. With the incorporation of the fresh water algae into the drink, RecoveryX may help increase consumers’ recovery rate and support compromised immune systems.
A number of athletes have used RecoveryX and have joined Changing Times to promote the drink. Kevin Knee, the Worlds Youngest Strongman competitor, and Manny Ramirez, a 12-time All-Star baseball player, have both stepped up to the plate to get the word out about the unique energy drink. The company has even signed Popeye the Sailor Man, the spinach-powered cartoon character, to the promotional team.
Changing Times Vitamins is a company focused on health and wellness products. RecoveryX is a part of one division that is primarily focused on developing proprietary natural health and fitness products. The company also has a number of other divisions, including sports event promotions, technology for athletes’ community websites, and the Total Body Fitness health clubs. Changing Times Vitamins has a diverse footprint in the fitness market and should continue to provide significant shareholder value with the new distribution channel for its RecoveryX beverage.
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As a leader in the wholesale distribution of beverages, Coors of Las Vegas is on a mission to continually improve sales and service to meet both its suppliers’ and customers’ expectations. Through its team of highly trained associates, Coors only sells premium and regional brands through its distribution network. 60 to 70 percent of Coors’ business is to hotels, casinos, and restaurants.
RecoveryX is a unique product that contains a patent pending, clinically-tested algae extract that has shown the ability to reduce swelling and inflammation. As most athletes are aware, swelling and inflammation often occur after an intense work-out and may last for several hours. Extended periods of swelling hamper an athlete’s ability for a quick recovery and also increase the risk of contracting an infection. With the incorporation of the fresh water algae into the drink, RecoveryX may help increase consumers’ recovery rate and support compromised immune systems.
A number of athletes have used RecoveryX and have joined Changing Times to promote the drink. Kevin Knee, the Worlds Youngest Strongman competitor, and Manny Ramirez, a 12-time All-Star baseball player, have both stepped up to the plate to get the word out about the unique energy drink. The company has even signed Popeye the Sailor Man, the spinach-powered cartoon character, to the promotional team.
Changing Times Vitamins is a company focused on health and wellness products. RecoveryX is a part of one division that is primarily focused on developing proprietary natural health and fitness products. The company also has a number of other divisions, including sports event promotions, technology for athletes’ community websites, and the Total Body Fitness health clubs. Changing Times Vitamins has a diverse footprint in the fitness market and should continue to provide significant shareholder value with the new distribution channel for its RecoveryX beverage.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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Hyde Park Acquisition Corp. (HYDQ.OB) Announces Acquisition of Essex Crane Rental Corp.
Hyde Park Acquisition Corp. today announced the acquisition of privately held Essex Holdings LLC and its subsidiary, Essex Crane Rental Corp. According to the press release, the acquisition was finalized after Hyde shareholders approved the acquisition at a special shareholder meeting held earlier today. The company also announced that it has changed its name to Essex Rental Corp.
Essex’s President and CEO, Ron Schad, stated, “We appreciate the support of the shareholders of Hyde Park and are looking forward to Essex’s future as a public company. We are focused on building long-term value for our shareholders, and intend to pursue a variety of organic and acquisition-driven growth opportunities. We will continue to reposition our crane rental fleet away from lower lifting capacity cranes and towards higher lifting capacity equipment, which has historically produced higher monthly average rental rates and higher utilization rates. We are excited about the pace of new contract–related activity, the addition of new equipment to the fleet, and the continued strength of Essex’s end markets, including infrastructure and energy, and look forward to our future with confidence.”
Laurence Levy, Chairman of Hyde Park, commented, “We are very pleased that we are able to consummate this acquisition with a company of Essex’s calibre. As previously announced, the Company’s operating performance has demonstrated significant year-over-year improvement, allowing us to continue to exceed the March 2008 projections upon which the transaction value was predicated. Essex is a market leader in the heavy lift crane segment, has a diverse customer base, addresses growing end markets, and operates under a business model characterized by low operational risk and attractive margins. As a significant stockholder and Chairman of the Board of Directors, I look forward to working closely with the Essex senior management team in support of the Company’s strategic growth objectives.”
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Essex’s President and CEO, Ron Schad, stated, “We appreciate the support of the shareholders of Hyde Park and are looking forward to Essex’s future as a public company. We are focused on building long-term value for our shareholders, and intend to pursue a variety of organic and acquisition-driven growth opportunities. We will continue to reposition our crane rental fleet away from lower lifting capacity cranes and towards higher lifting capacity equipment, which has historically produced higher monthly average rental rates and higher utilization rates. We are excited about the pace of new contract–related activity, the addition of new equipment to the fleet, and the continued strength of Essex’s end markets, including infrastructure and energy, and look forward to our future with confidence.”
Laurence Levy, Chairman of Hyde Park, commented, “We are very pleased that we are able to consummate this acquisition with a company of Essex’s calibre. As previously announced, the Company’s operating performance has demonstrated significant year-over-year improvement, allowing us to continue to exceed the March 2008 projections upon which the transaction value was predicated. Essex is a market leader in the heavy lift crane segment, has a diverse customer base, addresses growing end markets, and operates under a business model characterized by low operational risk and attractive margins. As a significant stockholder and Chairman of the Board of Directors, I look forward to working closely with the Essex senior management team in support of the Company’s strategic growth objectives.”
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Heckmann Corp. (HEK) Merges with China Water and Drinks, Inc; Announces Discretionary Buy-Back Plan
Earlier today, Heckmann Corp. announced that it has completed its merger with China Water and Drinks Inc. As terms of the agreement, China Water is now a wholly-owned subsidiary of Heckmann Corp. and its stock will no longer trader under the ticker symbol “CWDK” on the OTCBB. Ninety-five percent of the shareholders who voted at Heckmann’s special meeting yesterday approved the transaction.
In the press release, the company also announced that its Board of Directors approved a discretionary buy-back plan for the Company’s four year warrants issued as part of its IPO units in November of 2007. Under the terms set, the company is able to purchase warrants in open as well as private transactions through December 31, 2009.
Commenting on the merger and buy-back, Dick Heckmann, Chairman and CEO stated, “We are excited to close our merger with China Water on schedule, and we look forward to building the company into a worldwide water enterprise. We also believe periodic buy back of our warrants when market conditions present a favorable opportunity will be beneficial to the long term interests of our stockholders.”
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In the press release, the company also announced that its Board of Directors approved a discretionary buy-back plan for the Company’s four year warrants issued as part of its IPO units in November of 2007. Under the terms set, the company is able to purchase warrants in open as well as private transactions through December 31, 2009.
Commenting on the merger and buy-back, Dick Heckmann, Chairman and CEO stated, “We are excited to close our merger with China Water on schedule, and we look forward to building the company into a worldwide water enterprise. We also believe periodic buy back of our warrants when market conditions present a favorable opportunity will be beneficial to the long term interests of our stockholders.”
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StemCells Inc. (STEM) Announces Positive Cell-Based Product Can Protect from Age-Related Retinal Degeneration
We often take our eyesight for granted until it’s too late. More than 1.7 million people over the age of 65 are afflicted with age-related macular degeneration, taking away the precious gift of sight. The loss of function in retinal cells can lead to impairment or total loss of vision. While scientific advances to treat diseases of the eye are constantly being made, approximately 65,000 people in the United States are affected by the most common types of retinitis pigmentosa.
As its name implies, StemCells Inc. (Nasdaq: STEM) concentrates on the discovery, development and commercialization of cell-based therapeutics to treat diseases affecting the central nervous system and liver. The company today announced that its HuCNS-SC product candidate, when transplanted into a well-established animal model, can protect the retina from progressive degeneration, which can lead to the loss of vision in age-related eye diseases.
The study was conducted by Dr. Raymond Lund, a researcher and professor at the Casey Eye Institute at Oregon Health & Science University (OHSU) and his research team. According to Stephen Huhn, MD, vice president and head of the CNS Program at Stem Cells Inc., the study validates prior studies to address retinol disorders.
“This study confirms the results of previously published academic studies evaluating neural stem cell transplantation into the retina and provides us with the rationale to pursue clinical testing of HuCNS-SC cells for retinal disorders,” Dr. Huhn stated in the press release. “We are already conducting additional preclinical studies and a pre-IND meeting has been scheduled with the FDA for December of this year to determine the pathway to a successful IND filing.”
Dr. Lund will present the study results at a seminar sponsored by the Foundation Fighting Blindness on Saturday, November 1, 2008, at the University of California.
“The HuCNS-SC cell has proven to have very robust survival, preserving vision in our rat model at time points beyond six months,” Dr. Lund stated. “These data are very encouraging and suggest cell-based therapies for retinal degeneration can be a viable treatment approach.”.
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As its name implies, StemCells Inc. (Nasdaq: STEM) concentrates on the discovery, development and commercialization of cell-based therapeutics to treat diseases affecting the central nervous system and liver. The company today announced that its HuCNS-SC product candidate, when transplanted into a well-established animal model, can protect the retina from progressive degeneration, which can lead to the loss of vision in age-related eye diseases.
The study was conducted by Dr. Raymond Lund, a researcher and professor at the Casey Eye Institute at Oregon Health & Science University (OHSU) and his research team. According to Stephen Huhn, MD, vice president and head of the CNS Program at Stem Cells Inc., the study validates prior studies to address retinol disorders.
“This study confirms the results of previously published academic studies evaluating neural stem cell transplantation into the retina and provides us with the rationale to pursue clinical testing of HuCNS-SC cells for retinal disorders,” Dr. Huhn stated in the press release. “We are already conducting additional preclinical studies and a pre-IND meeting has been scheduled with the FDA for December of this year to determine the pathway to a successful IND filing.”
Dr. Lund will present the study results at a seminar sponsored by the Foundation Fighting Blindness on Saturday, November 1, 2008, at the University of California.
“The HuCNS-SC cell has proven to have very robust survival, preserving vision in our rat model at time points beyond six months,” Dr. Lund stated. “These data are very encouraging and suggest cell-based therapies for retinal degeneration can be a viable treatment approach.”.
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Hybrid Technologies, Inc. (HYBR.OB) Offers Product Line Combining Fun and Green Lifestyle
Hybrid Technologies, Inc. (HYBR.OB) is a development stage technology company that was created in Nevada and launched in 2000. Hybrid Technologies continues to focus their resources and efforts on the development and marketing of lithium-powered vehicles and products, as well as on commercial and residential properties. The company directs their attention to developing scooters, bicycles, mopeds, motorcycles, cars and homes, and converting them to zero-emission, lithium-powered vehicles and facilities.
Hybrid Technologies offers five all-electric cars, which features high energy density and light rechargeable lithium ion batteries. The product line includes: LiV™ DASH, LiV™ WISE, LiV™ RUSH, LiV™ SURGE, and LiV™ FLASH.
The LiV™ DASH is a globally popular coupe and is the perfect, around-town automobile with a winning spirit that’s rechargeable. The LiV™ WISE cars feature the latest technology for a compatible emission-free compact car with a driving range up to 120 miles. The LiV™ RUSH cars are the sports car of anyone’s dreams, featuring a sleek new look, and at the same time performing an amazing service for our planet.
The LiV™ SURGE cars, featuring the PT Cruiser conversion, stand-out as fully functioning green cars and an eco-friendly alternative with comfort and style, reaching speeds in excess of 80mph and traveling up to 120 miles. The LiV™ FLASH cars bring a distinctive personality that meets advanced drive technology with the lithium version of the British Invader. These cars are great for maneuvering around crowded city streets, and reliable, instantaneous performance punches up to highway speeds.
Hybrid Technologies also offers two motorcycle lines including; LiV™ RYDER motorcycles and E-Cobra motorcycles. With striking appearance and durability combined with advanced pioneering technology, both motorcycles provide a rider with a full-powered vehicle in just a few hours.
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Hybrid Technologies offers five all-electric cars, which features high energy density and light rechargeable lithium ion batteries. The product line includes: LiV™ DASH, LiV™ WISE, LiV™ RUSH, LiV™ SURGE, and LiV™ FLASH.
The LiV™ DASH is a globally popular coupe and is the perfect, around-town automobile with a winning spirit that’s rechargeable. The LiV™ WISE cars feature the latest technology for a compatible emission-free compact car with a driving range up to 120 miles. The LiV™ RUSH cars are the sports car of anyone’s dreams, featuring a sleek new look, and at the same time performing an amazing service for our planet.
The LiV™ SURGE cars, featuring the PT Cruiser conversion, stand-out as fully functioning green cars and an eco-friendly alternative with comfort and style, reaching speeds in excess of 80mph and traveling up to 120 miles. The LiV™ FLASH cars bring a distinctive personality that meets advanced drive technology with the lithium version of the British Invader. These cars are great for maneuvering around crowded city streets, and reliable, instantaneous performance punches up to highway speeds.
Hybrid Technologies also offers two motorcycle lines including; LiV™ RYDER motorcycles and E-Cobra motorcycles. With striking appearance and durability combined with advanced pioneering technology, both motorcycles provide a rider with a full-powered vehicle in just a few hours.
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Winn-Dixie Stores, Inc. (WINN) Reports Strong First Quarter Results; CEO Comments on Strategic Initiatives
Winn-Dixie Stores, Inc. (NASD: WINN), one of the nation’s largest food retailers that currently operates 521 retail grocery locations, including more than 400 in-store pharmacies in Florida, Alabama, Louisiana, Georgia, and Mississippi, recently announced the company’s financial results from its first fiscal quarter of 2009 ended September 17, 2008. Net sales in the first quarter totaled $1.7 billion, a gain of $55.0 million, or 3.4 percent, compared to the prior-year period.
The company’s shares traded higher earlier this week after the announcement of the financial results. Winn-Dixie reported increased sales as a result of Hurricanes Gustav and Ike and Tropical Storm Fay, benefiting from pre-storm purchases and the company’s ability to reopen stores before competitors. Management is maintaining its previously issued guidance that full fiscal year 2009 adjusted EBITDA will range between $110 million and $125 million.
Chairman, chief executive officer and president, Peter Lynch, commented, “This was an excellent quarter for us, and we are on track to meet the guidance that we have provided for the full year. Our 38 percent improvement in first quarter adjusted EBITDA was driven by higher sales and higher gross margin rates. This was driven by an increase in basket size of 5.7 percent and offset by a decline in transaction count of 2.5 percent.” He added, “In the first quarter, we improved our penetration to 22 percent, which is an improvement of 150 basis points from the prior year. We are on track with our plan to have all of our private label products, about 3,000 items, with redesigned packaging by the end of calendar 2009.”
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The company’s shares traded higher earlier this week after the announcement of the financial results. Winn-Dixie reported increased sales as a result of Hurricanes Gustav and Ike and Tropical Storm Fay, benefiting from pre-storm purchases and the company’s ability to reopen stores before competitors. Management is maintaining its previously issued guidance that full fiscal year 2009 adjusted EBITDA will range between $110 million and $125 million.
Chairman, chief executive officer and president, Peter Lynch, commented, “This was an excellent quarter for us, and we are on track to meet the guidance that we have provided for the full year. Our 38 percent improvement in first quarter adjusted EBITDA was driven by higher sales and higher gross margin rates. This was driven by an increase in basket size of 5.7 percent and offset by a decline in transaction count of 2.5 percent.” He added, “In the first quarter, we improved our penetration to 22 percent, which is an improvement of 150 basis points from the prior year. We are on track with our plan to have all of our private label products, about 3,000 items, with redesigned packaging by the end of calendar 2009.”
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TomoTherapy Inc. (TOMO) Announces Third Quarter Financial Results; Expects Profitability in the Fourth Quarter
TomoTherapy Incorporated (NASD: TOMO), producer of the Hi•Art® treatment system for advanced radiation therapy, recently released financial results for the third quarter ended September 30, 2008. The company reported revenue of $27.4 million, a 54 percent decline from $59.2 million in the third quarter one-year earlier. TomoTherapy incurred a net loss of $13.0 million, or $0.26 per share, compared to net income of $2.6 million, or $0.05 per share, for the third quarter of 2007.
Despite the expected decrease in revenue for the quarter, management anticipates revenue of $70 million to $90 million and earnings per share in the range of $0.09 to $0.15, resulting in full-year revenue in the range of $190 million to $210 million and a loss in the range of $0.36 per share to $0.43 per share. The majority of TomoTherapy’s revenue is recognized based on the customer’s acceptance of the Hi•Art® treatment system. The current fourth quarter outlook is based on existing customer orders being delivered out of backlog and converted to revenue during the last three months of the year.
Frederick A. Robertson, MD, the chief executive officer of TomoTherapy, commented, “Our third quarter financial results were expected to be weak, and our performance was consistent with these expectations. We have also expected that our year would be back-end loaded, and we expect our fourth quarter results to be stronger than each of the first three quarters.” He added, “We recently signed a preliminary agreement with Hitachi medical for distribution of the Hi-Art® treatment system in Japan. We expect the benefits of this arrangement to begin to be realized in 2009.” Mr. Robertson concluded, “Innovation and expansion of our clinical capabilities will extend our technology leadership position and increase our prospects for greater market share and continued growth.”
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Despite the expected decrease in revenue for the quarter, management anticipates revenue of $70 million to $90 million and earnings per share in the range of $0.09 to $0.15, resulting in full-year revenue in the range of $190 million to $210 million and a loss in the range of $0.36 per share to $0.43 per share. The majority of TomoTherapy’s revenue is recognized based on the customer’s acceptance of the Hi•Art® treatment system. The current fourth quarter outlook is based on existing customer orders being delivered out of backlog and converted to revenue during the last three months of the year.
Frederick A. Robertson, MD, the chief executive officer of TomoTherapy, commented, “Our third quarter financial results were expected to be weak, and our performance was consistent with these expectations. We have also expected that our year would be back-end loaded, and we expect our fourth quarter results to be stronger than each of the first three quarters.” He added, “We recently signed a preliminary agreement with Hitachi medical for distribution of the Hi-Art® treatment system in Japan. We expect the benefits of this arrangement to begin to be realized in 2009.” Mr. Robertson concluded, “Innovation and expansion of our clinical capabilities will extend our technology leadership position and increase our prospects for greater market share and continued growth.”
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Performance Health Technologies, Inc. (PFMH.OB) Launches New Initiative at Interactive Metronome Conference
During a recent two-day sales conference in Fort Lauderdale, Performance Health Technologies’ (”PHT”) CEO Robert Prunetti demonstrated his company’s cutting-edge neuromuscular rehabilitation technology; Core:Tx®. The conference was held by, and geared toward the sales force of PHT’s sales, marketing and distribution partner, Interactive Metronome (”IM”).
Robert Prunetti gave presentations that included details about the highly-advanced Core:Tx® system, which the company bases on its revolutionary biofeedback platform, MotionTrack. He also used the conference as a method of exchanging vital information with representatives of the IM national sales force, in preparation for a new marketing and sales initiative slated to begin in the fourth quarter of this year. The campaign has been titled “Movement”, and is intended to gather crucial data from the field, in a series of field trials coupled with sales presentations.
Performance Health Technologies’ involvement with Interactive Metronome dates back to 2007, when the companies entered into a definitive distribution agreement. IM’s market position as a leader in interactive physical therapy has been extremely beneficial for PHT in raising awareness and increasing sales of the Core:Tx® interactive rehabilitation system.
IM’s VP, Al Guerra, stated, “Clinicians have found that patients suffering from neurological disorders respond well to game-like programs because the software and hardware system interfaces with the patient, giving him or her real-time feedback on the position and movement of selected joints. The system engages the patient, while at the same time provides the clinician with valuable objective data on the patient’s performance and abilities. IM believes the qualities of the Core:Tx® system will make the product an invaluable tool for professionals in rehabilitation therapy. ‘Movement’ will begin the adoption process.”
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Robert Prunetti gave presentations that included details about the highly-advanced Core:Tx® system, which the company bases on its revolutionary biofeedback platform, MotionTrack. He also used the conference as a method of exchanging vital information with representatives of the IM national sales force, in preparation for a new marketing and sales initiative slated to begin in the fourth quarter of this year. The campaign has been titled “Movement”, and is intended to gather crucial data from the field, in a series of field trials coupled with sales presentations.
Performance Health Technologies’ involvement with Interactive Metronome dates back to 2007, when the companies entered into a definitive distribution agreement. IM’s market position as a leader in interactive physical therapy has been extremely beneficial for PHT in raising awareness and increasing sales of the Core:Tx® interactive rehabilitation system.
IM’s VP, Al Guerra, stated, “Clinicians have found that patients suffering from neurological disorders respond well to game-like programs because the software and hardware system interfaces with the patient, giving him or her real-time feedback on the position and movement of selected joints. The system engages the patient, while at the same time provides the clinician with valuable objective data on the patient’s performance and abilities. IM believes the qualities of the Core:Tx® system will make the product an invaluable tool for professionals in rehabilitation therapy. ‘Movement’ will begin the adoption process.”
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NetSol Technologies Inc. (NTWK) To Acquire Ciena Solutions, Based On Performance
Business applications company NetSol Technologies Inc. (NASDAQ: NTWK) announced it will purchase Ciena Solutions LLC. Under the terms of the agreement, the acquisition will be made with internal cash and restricted stock, and deferred “based on an earn-out formula linked to Ciena Solutions’ performance.”
Ciena Solutions provides consulting and staffing services focused on the Systems, Applications and Products (SAP) application suite, with core competencies in the SAP R/3 (ECC) system, NetWeaver including Business Intelligence, Exchange Infrastructure (XI), Portals, MDM, and the mySAP Business Suite.
“I am excited to be launching a vibrant and global SAP practice through the acquisition of Ciena Solutions,” said Najeeb Ghauri, Netsol chair and CEO. “It marks another major milestone in our growth strategy and provides an entry into one of the largest markets for information technology solutions and services within the industry.”
The purchase agreement also showcases NetSol’s latest step toward expansion into the U.S. market. Netsol is a U.S. corporation that has previously and primarily focused internationally with offices in several countries. Ciena Solutions is based in Los Angeles.
“At a time when companies are searching for robust and scalable solutions, Ciena Solutions brings tremendous SAP implementation capabilities and experience to our team,” said Mitch Van Wye, NetSol COO. “The SAP service offering expands NetSol Technologies’ current portfolio of world class information technology solutions.”
Ciena Solutions has also developed software technology complementary to the SAP platform, for which it maintains intellectual property rights, and is a Business Objects Solutions Provider partner.
The terms of the transaction will be disclosed in the Company’s Form 8-K and filed with the SEC.
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Ciena Solutions provides consulting and staffing services focused on the Systems, Applications and Products (SAP) application suite, with core competencies in the SAP R/3 (ECC) system, NetWeaver including Business Intelligence, Exchange Infrastructure (XI), Portals, MDM, and the mySAP Business Suite.
“I am excited to be launching a vibrant and global SAP practice through the acquisition of Ciena Solutions,” said Najeeb Ghauri, Netsol chair and CEO. “It marks another major milestone in our growth strategy and provides an entry into one of the largest markets for information technology solutions and services within the industry.”
The purchase agreement also showcases NetSol’s latest step toward expansion into the U.S. market. Netsol is a U.S. corporation that has previously and primarily focused internationally with offices in several countries. Ciena Solutions is based in Los Angeles.
“At a time when companies are searching for robust and scalable solutions, Ciena Solutions brings tremendous SAP implementation capabilities and experience to our team,” said Mitch Van Wye, NetSol COO. “The SAP service offering expands NetSol Technologies’ current portfolio of world class information technology solutions.”
Ciena Solutions has also developed software technology complementary to the SAP platform, for which it maintains intellectual property rights, and is a Business Objects Solutions Provider partner.
The terms of the transaction will be disclosed in the Company’s Form 8-K and filed with the SEC.
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Thursday, October 30, 2008
Anthony Mellone Visits Tri-Star Holdings, Inc.’s (TSHL.PK) Mine in Arizona
Tri-Star Holdings, Inc. announced today that Anthony Mellone visited Salome Claims COS #1 & #2 with Gordon Graham and Scott Spooner, company Geologist, to inspect the area for security installation. While inspecting, they extracted samples and are sending the samples to Tucson for analyst examination of the quality and the amount of reserves in the property. According to the press release, the extracted samples clearly show significant contents of gold, silver, lead and turquoise.
Anthony Mellone, CEO of Tri-Star, stated, “We have now begun operations in Arizona. This was extremely exciting to watch Mr. Spooner reconfirm what was already confirmed, but also to have first hand confirmation that everything was correctly in place for continuous excavation. I was also given a crash course in mining samples from Mr. Spooner, allowing myself to be much more knowledgeable when determining the content of the samples.”
“We are also now finalizing the agreement with Wickenberg and will be testing the property’s ore samples soon. At that point we shall decide which location shows the promising sample results, in which we will ramp up to full scale operation in order to increase revenue placement for the company. This will add a tremendous value for our shareholder base and we will continue our pledge to extract and refine gold and other precious metals as fast as we can,” he continued.
COS #1 & #2 are contiguous to the historic Bunker Hill and Hercules mines. Current estimates approximate that more than $500 million in gold ore exists within the claims. The properties are known to have substantial amounts of silver, copper, and lead, in addition to a high concentration gold vein. The latest details regarding the mineral rights claims, as well as pictures and reports, will be updated on Tri-Star’s websites www.tristarcorporate.com and www.tristargold.com.
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Anthony Mellone, CEO of Tri-Star, stated, “We have now begun operations in Arizona. This was extremely exciting to watch Mr. Spooner reconfirm what was already confirmed, but also to have first hand confirmation that everything was correctly in place for continuous excavation. I was also given a crash course in mining samples from Mr. Spooner, allowing myself to be much more knowledgeable when determining the content of the samples.”
“We are also now finalizing the agreement with Wickenberg and will be testing the property’s ore samples soon. At that point we shall decide which location shows the promising sample results, in which we will ramp up to full scale operation in order to increase revenue placement for the company. This will add a tremendous value for our shareholder base and we will continue our pledge to extract and refine gold and other precious metals as fast as we can,” he continued.
COS #1 & #2 are contiguous to the historic Bunker Hill and Hercules mines. Current estimates approximate that more than $500 million in gold ore exists within the claims. The properties are known to have substantial amounts of silver, copper, and lead, in addition to a high concentration gold vein. The latest details regarding the mineral rights claims, as well as pictures and reports, will be updated on Tri-Star’s websites www.tristarcorporate.com and www.tristargold.com.
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Simtrol, Inc.’s (SMRL.OB) Technology Finds Application in the Retail and Hospitality Markets
Simtrol, Inc. (SMRL.OB) is helping companies of all sizes to better manage their electronic assets. Digital signs, security cameras, interactive whiteboards, wide-screen televisions, DVRs, and projectors can actually be utilized beyond their initial intended use. By incorporating the devices onto Simtrol’s Device Management Platform, electronic media can be combined into an extended network, improving utilization of assets across any enterprise. One niche that can benefit greatly from Simtrol technology is the retail and hospitality market.
A major focus in the retail and hospitality market is to provide consumers with the best level of customer service possible. Some companies are attempting to use digital signs, in-room controls, and security to improve a consumer’s experience. Airports, hotels, and malls are seeing increased use of plasma screens, LCDs, IP-based cameras, and lighting systems to facilitate a better customer environment. A challenge that many facilities are finding is the complexity and the time required to properly manage the devices to ensure that they are working to enhance a consumer’s experience as planned.
Simtrol’s Device Management Platform provides the flexibility and functionality needed to properly manage electronic devices. The device management system not only reports the health, status, and use of devices, it can only schedule when specific devices power-up and power-down each day. This is an essential component for facilities seeking to reduce energy costs. The system will also proactively alert designated personnel when a device becomes non-operational so that repairs can be scheduled promptly.
Simtrol can benefit the retail and hospitality market greatly. Digital signs can be monitored to ensure that messages are displayed to their target audience at the right time of day. The system increases device uptime through remote diagnostics and troubleshooting, as well as the ability for proactive maintenance and the use of optimized device settings. There is also an ability to significantly reduce general and administrative costs by the decreased energy consumption and by the decreased need of manually managing the devices. By using Simtrol’s technology, a company with 16 plasma displays can actually save over $5000 per year and reduce its annual carbon footprint by nearly 27,000 pounds of CO2.
Not only does the Simtrol Device Management Platform help maintain and extend the life of electronic devices, it helps significantly reduce overall costs. As more retail and hospitality facilities seek ways to reduce costs, Simtrol has the technology to address the cause.
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A major focus in the retail and hospitality market is to provide consumers with the best level of customer service possible. Some companies are attempting to use digital signs, in-room controls, and security to improve a consumer’s experience. Airports, hotels, and malls are seeing increased use of plasma screens, LCDs, IP-based cameras, and lighting systems to facilitate a better customer environment. A challenge that many facilities are finding is the complexity and the time required to properly manage the devices to ensure that they are working to enhance a consumer’s experience as planned.
Simtrol’s Device Management Platform provides the flexibility and functionality needed to properly manage electronic devices. The device management system not only reports the health, status, and use of devices, it can only schedule when specific devices power-up and power-down each day. This is an essential component for facilities seeking to reduce energy costs. The system will also proactively alert designated personnel when a device becomes non-operational so that repairs can be scheduled promptly.
Simtrol can benefit the retail and hospitality market greatly. Digital signs can be monitored to ensure that messages are displayed to their target audience at the right time of day. The system increases device uptime through remote diagnostics and troubleshooting, as well as the ability for proactive maintenance and the use of optimized device settings. There is also an ability to significantly reduce general and administrative costs by the decreased energy consumption and by the decreased need of manually managing the devices. By using Simtrol’s technology, a company with 16 plasma displays can actually save over $5000 per year and reduce its annual carbon footprint by nearly 27,000 pounds of CO2.
Not only does the Simtrol Device Management Platform help maintain and extend the life of electronic devices, it helps significantly reduce overall costs. As more retail and hospitality facilities seek ways to reduce costs, Simtrol has the technology to address the cause.
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Location Based Technologies, Inc. (LBAS.OB) is Expanding to Apple iPhone
Location Based Technologies, Inc., developer of electronic personal locator products to help people locate children and pets, continues their expansion into the mobile phone market, announcing today that their PocketFinder® personal locator has been submitted to Apple for approval to use with Apple’s immensely popular iPhone. Apple sold nearly 7 million iPhones in just the third quarter of this year, and has sold nearly 200 million iPhone applications from its online AppStore. With the PocketFinder application, family members and other authorized remote viewers will be better able to keep track of iPhones and iPhone users.
The service will also allow users to integrate with the PocketFinder’s non-phone family of products. These small wafer-shaped devices are packed with GSM/GPS technology and can easily fit into a pocket, purse, or on a pet collar, allowing users to track movement and location. Users can even define electronic fences, for alerts when a family member or pet enters or leaves a specified area. The devices can also track vehicle speed.
Location CEO Dave Morse said, “Apple iPhone users will soon have the ability to stay connected and benefit from every PocketFinder feature including real-time location, zone and speed alerts, instant messaging, and travel history, for one low service fee. In addition, the new personal locator application will eventually support other smartphone platforms as we continue development efforts to make this capability available to their customers as well.”
The company, based in Anaheim, California, recently announced that PocketFinder is available for download to Google Android based smartphones, such as the T-Mobile G1, the first mobile phone to use the Android open standard mobile device platform.
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The service will also allow users to integrate with the PocketFinder’s non-phone family of products. These small wafer-shaped devices are packed with GSM/GPS technology and can easily fit into a pocket, purse, or on a pet collar, allowing users to track movement and location. Users can even define electronic fences, for alerts when a family member or pet enters or leaves a specified area. The devices can also track vehicle speed.
Location CEO Dave Morse said, “Apple iPhone users will soon have the ability to stay connected and benefit from every PocketFinder feature including real-time location, zone and speed alerts, instant messaging, and travel history, for one low service fee. In addition, the new personal locator application will eventually support other smartphone platforms as we continue development efforts to make this capability available to their customers as well.”
The company, based in Anaheim, California, recently announced that PocketFinder is available for download to Google Android based smartphones, such as the T-Mobile G1, the first mobile phone to use the Android open standard mobile device platform.
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Phantom Fiber Corp. (PHFB.OB) Takes Mahjong Mobile
Phantom Fiber Corporation, growing wireless software developer, has now signed a multi-year contract with Mahjong Time, the world’s leading online mahjong club, to take the company’s popular online Mahjong offering to the worldwide mobile market. Users will be able to log on to Mahjong Time through Phantom’s mobile platform from any Blackberry, Apple iPhone, Microsoft Pocket/PC, Palm, or hundreds of other handheld device types, from anywhere in the world.
The mobile link will give users the same graphics and speed qualities of the current online experience, and will include the features that have made Mahjong Time the most popular online Mahjong site in the world, such as multiple game types and languages, practice play, and tournaments. Phantom Fiber will receive an integration fee, plus a piece of the ongoing revenue generated by mobile subscribers.
Jeff Halloran, Phantom Fiber Chairman & CEO, emphasized the growth opportunity the contract represents for Fiber, “We recognize the magnitude of the Asian market and their passion for Mahjong. Extending the premier Mahjong platform to a mobile environment will extend Phantom Fiber’s reach into those markets. Our multi-user experience from the gaming space and our ability to support multiple languages also blends nicely with our technology. We have been talking with Mahjong Time for some time and have watched them grow in popularity and have some great successes. We are glad the time is right to work with Mahjong Time and share in those successes.”
Phantom Fiber, based in Toronto, with offices in New York City and Costa Rica, is a leader in the development of wireless platform software. Their wireless solutions already cover most segments of the global gaming industry, but can also be used for remote video surveillance, brokerage and banking applications, and for logistics and distribution.
Mahjong Time, based in San Diego, serves more than 600 million mahjong players, in seven languages, around the world. The company is the exclusive online tournament partner of the annual World Series of Mahjong.
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The mobile link will give users the same graphics and speed qualities of the current online experience, and will include the features that have made Mahjong Time the most popular online Mahjong site in the world, such as multiple game types and languages, practice play, and tournaments. Phantom Fiber will receive an integration fee, plus a piece of the ongoing revenue generated by mobile subscribers.
Jeff Halloran, Phantom Fiber Chairman & CEO, emphasized the growth opportunity the contract represents for Fiber, “We recognize the magnitude of the Asian market and their passion for Mahjong. Extending the premier Mahjong platform to a mobile environment will extend Phantom Fiber’s reach into those markets. Our multi-user experience from the gaming space and our ability to support multiple languages also blends nicely with our technology. We have been talking with Mahjong Time for some time and have watched them grow in popularity and have some great successes. We are glad the time is right to work with Mahjong Time and share in those successes.”
Phantom Fiber, based in Toronto, with offices in New York City and Costa Rica, is a leader in the development of wireless platform software. Their wireless solutions already cover most segments of the global gaming industry, but can also be used for remote video surveillance, brokerage and banking applications, and for logistics and distribution.
Mahjong Time, based in San Diego, serves more than 600 million mahjong players, in seven languages, around the world. The company is the exclusive online tournament partner of the annual World Series of Mahjong.
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IdeaEDGE, Inc. (IDAE.OB) Adds Maynard Webb to its Board of Advisors
IdeaEDGE, Inc. has added Maynard Webb, a seasoned technology executive, to its Board of Advisors. Webb is the current Chairman and CEO of LiveOps. LiveOpps specializes in on-demand call center and virtual call center services for numerous businesses in direct response and enterprise markets. Webb’s resume includes stints as eBay’s chief operating officer, senior vice president and chief information officer of Gateway, Inc., and leadership positions with Bay Networks, IBM, Quantum Corporation, and Thomas-Conrad Corporation.
IdeaEDGE President and CEO Jim Collas expects Webb to make an impressive contribution to the company given Webb’s pedigree in information technology. “I am very pleased to have Maynard join our advisory board,” said Jim Collas, president and CEO of ideaEDGE. “His experience in scaling operations and IT systems in high growth corporations will be invaluable.”
IdeaEDGE, Inc. of San Diego, California is currently building a proprietary Social Network Enable Group Gifting (SNEGG) platform through its operating subsidiary, Socialwise, Inc. The SNEGG system’s purpose is to allow groups of people to easily pool money for joint gifts. IdeaEDGE, via SNEGG, is taking aim at the $100 billion gift card market and intends to join that market with increasing consumer demand for online social networks.
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IdeaEDGE President and CEO Jim Collas expects Webb to make an impressive contribution to the company given Webb’s pedigree in information technology. “I am very pleased to have Maynard join our advisory board,” said Jim Collas, president and CEO of ideaEDGE. “His experience in scaling operations and IT systems in high growth corporations will be invaluable.”
IdeaEDGE, Inc. of San Diego, California is currently building a proprietary Social Network Enable Group Gifting (SNEGG) platform through its operating subsidiary, Socialwise, Inc. The SNEGG system’s purpose is to allow groups of people to easily pool money for joint gifts. IdeaEDGE, via SNEGG, is taking aim at the $100 billion gift card market and intends to join that market with increasing consumer demand for online social networks.
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Clarient, Inc. (CLRT) - Shaping the Future of Targeted Cancer Therapy with Dr. Todd S. Barry as New Medical Director
The rise of individualized medicine is the new direction in oncology. More sophisticated and complex testing will be required to select the right therapy for the right patient at the right time in their treatment. Clarient has created a state-of-the-art commercial cancer laboratory providing the most advanced oncology testing and diagnostic services available both onsite and over the web. The Company is also developing new, proprietary “companion” diagnostic markers for therapeutics in breast, prostate, lung and colon cancers, and leukemia/lymphoma. Clarient has over 1,700 targeted cancer therapeutics in their pipeline.
Todd S. Barry, M.D., Ph.D. has joined Clarient’s medical staff as Medical Director. Dr. Barry was the Director of Molecular Pathology & Hematopathology for six years at PhenoPath Laboratories, PLLC, a national reference laboratory located in Seattle. Prior to that, he did his Fellowship Training in Hematopathology at the National Cancer Institute. He has also published numerous professional studies and is a frequent presenter at pathology conferences.
Ron Andrews, Clarient’s Chief Executive Officer commented, “Central to successful execution of personalized medicine is the convergence of molecular pathology and oncology, and Dr. Barry’s experience will clearly add significant value to Clarient’s efforts to fulfill the promise of this emerging market opportunity.”
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Todd S. Barry, M.D., Ph.D. has joined Clarient’s medical staff as Medical Director. Dr. Barry was the Director of Molecular Pathology & Hematopathology for six years at PhenoPath Laboratories, PLLC, a national reference laboratory located in Seattle. Prior to that, he did his Fellowship Training in Hematopathology at the National Cancer Institute. He has also published numerous professional studies and is a frequent presenter at pathology conferences.
Ron Andrews, Clarient’s Chief Executive Officer commented, “Central to successful execution of personalized medicine is the convergence of molecular pathology and oncology, and Dr. Barry’s experience will clearly add significant value to Clarient’s efforts to fulfill the promise of this emerging market opportunity.”
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ClickSoftware Technologies Ltd. (CKSW) Announces SAP to Resell Their ServiceOptimization Software
ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. Yesterday, the company announced that they have worked out a reseller agreement with SAP AG (SAP) to sell the ClickSoftware’s ServiceOptimization Suite.
“SAP and ClickSoftware will deliver real bottom-line value to customers within multiple industries across North America, Europe and Asia Pacific,” said Dr. Moshe BenBassat, chairman and CEO, ClickSoftware. “We have been positioning our solutions together with SAP software for many years, and take great pride in the integration of our solutions and in the value that our customers realize from our powerful partnership. Under the new agreement, SAP’s sales force will now have ClickSoftware’s products on its price list and can offer it to SAP’s customers. This will enable customers to license a comprehensive, integrated mobile workforce optimization software solution from a single source — SAP.”
“There is growing demand in the market for more comprehensive field service management that incorporates decision support and optimization,” said Tobias Dosch, senior vice president, Suite Solution Management, SAP AG. “Our relationship with ClickSoftware is a prime example of how SAP meets specific customer needs by leveraging our partner ecosystem to complement and extend SAP solution offerings. We are pleased to expand our relationship with ClickSoftware to bring this important capability to our customers, further increasing the value derived from investments in SAP solutions.”
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“SAP and ClickSoftware will deliver real bottom-line value to customers within multiple industries across North America, Europe and Asia Pacific,” said Dr. Moshe BenBassat, chairman and CEO, ClickSoftware. “We have been positioning our solutions together with SAP software for many years, and take great pride in the integration of our solutions and in the value that our customers realize from our powerful partnership. Under the new agreement, SAP’s sales force will now have ClickSoftware’s products on its price list and can offer it to SAP’s customers. This will enable customers to license a comprehensive, integrated mobile workforce optimization software solution from a single source — SAP.”
“There is growing demand in the market for more comprehensive field service management that incorporates decision support and optimization,” said Tobias Dosch, senior vice president, Suite Solution Management, SAP AG. “Our relationship with ClickSoftware is a prime example of how SAP meets specific customer needs by leveraging our partner ecosystem to complement and extend SAP solution offerings. We are pleased to expand our relationship with ClickSoftware to bring this important capability to our customers, further increasing the value derived from investments in SAP solutions.”
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Cleantech Biofuels Inc. (CLTH.OB) Breaks Ground Towards the Future
Cleantech Biofuels is taking the lead in the waste-to-energy industry. With many companies trying to find direction in this field, Cleantech has focused on developing ground-breaking technologies to convert cellulosic material found in municipal solid waste (MSW) into ethanol, which will help generate biofuels and other usable energy products at competitive prices.
Cleantech employs a sophisticated technology known as HFTA technology. HFTA was developed at the renowned University of California, Berkeley and has substantial advantages over any other available means to hydrolyze cellulosic material for ethanol production.
Cleantech has a game plan in place that is not only friendly to the marketplace but will put a smile across the faces of environmentalists across the world. Cleantech anticipates quickly achieving profitability by dramatically reducing pollution released into the environment by the disposal of municipal waste and reducing the costs of transporting waste long distances for disposal.
Leading the Cleantech revolution is Ed Hennessey. Hennessey serves as the company’s CEO and President and has been in charge of Cleantech and its predecessor companies since 2002. Through his tireless energy, Hennessey has developed the business strategy for the young company and has secured the existing technology licenses and required funding.
While becoming a pioneer in the waste-to-energy industry, Hennessey is also known in the business world for his brilliance in the financial market which is a reputation he earned during his time with Shearson Lehman Brothers in 1986 and ultimately opening and managing his own securities brokerage and investment banking firm which he sold in 1999.
With state-of-the-art technology and a leader like Ed Hennessey, Cleantech Biofuels may quickly become a household name.
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Cleantech employs a sophisticated technology known as HFTA technology. HFTA was developed at the renowned University of California, Berkeley and has substantial advantages over any other available means to hydrolyze cellulosic material for ethanol production.
Cleantech has a game plan in place that is not only friendly to the marketplace but will put a smile across the faces of environmentalists across the world. Cleantech anticipates quickly achieving profitability by dramatically reducing pollution released into the environment by the disposal of municipal waste and reducing the costs of transporting waste long distances for disposal.
Leading the Cleantech revolution is Ed Hennessey. Hennessey serves as the company’s CEO and President and has been in charge of Cleantech and its predecessor companies since 2002. Through his tireless energy, Hennessey has developed the business strategy for the young company and has secured the existing technology licenses and required funding.
While becoming a pioneer in the waste-to-energy industry, Hennessey is also known in the business world for his brilliance in the financial market which is a reputation he earned during his time with Shearson Lehman Brothers in 1986 and ultimately opening and managing his own securities brokerage and investment banking firm which he sold in 1999.
With state-of-the-art technology and a leader like Ed Hennessey, Cleantech Biofuels may quickly become a household name.
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RiT Technologies (RITT) Recognizes Positive Financial Results for Q3 2008
Today before the bell, RiT Technologies announced to investors its unaudited financial results for the third quarter and the nine months ended September 30, 2008. Both revenues and net income increased dramatically, with Q3 2008 revenues reaching $7.3 million and net income totaling $1.1 million, or $0.07 per share (basic and diluted). This compares to $4.9 million in revenues for Q3 2007 and a net loss of $2.8 million, or $0.19 per share (basic and diluted), for Q3 2007.
Mr. Avi Kovarsky, RiT’s CEO and President, commented, “The third quarter was a period of strong revenue growth combined with a high gross margin, enabling us to achieve profitability earlier than expected with our highest net income in many years. For the nine month period, we are proud to have achieved a 24% increase in revenues, a 78% increase in gross profit and increased our cash to $6.2 million - all while actually reducing our headcount in realization of the plan that we adopted at the end of 2007.”
He also said, “We continue to move forward according to our new R&D roadmap, which is aimed at expanding our addressable markets. During the quarter, we released a new version of our SiteWiz Cable & Asset Management (CAM) solution, a software offering designed to respond to the infrastructure management needs of existing Enterprise installations. In the long-term, we continue investigating new directions that will enable us to take full advantage of our industry-leading technology for bringing intelligence to the physical layer.”
“Given today’s unstable market conditions, it is difficult to make projections regarding our future performance. However, with a healthy business platform, a careful eye on expenses, strong partners and an encouraging pipeline of potential sales, we are moving forward with the goal of continuing to build our revenues and improve profits,” he concluded.
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Mr. Avi Kovarsky, RiT’s CEO and President, commented, “The third quarter was a period of strong revenue growth combined with a high gross margin, enabling us to achieve profitability earlier than expected with our highest net income in many years. For the nine month period, we are proud to have achieved a 24% increase in revenues, a 78% increase in gross profit and increased our cash to $6.2 million - all while actually reducing our headcount in realization of the plan that we adopted at the end of 2007.”
He also said, “We continue to move forward according to our new R&D roadmap, which is aimed at expanding our addressable markets. During the quarter, we released a new version of our SiteWiz Cable & Asset Management (CAM) solution, a software offering designed to respond to the infrastructure management needs of existing Enterprise installations. In the long-term, we continue investigating new directions that will enable us to take full advantage of our industry-leading technology for bringing intelligence to the physical layer.”
“Given today’s unstable market conditions, it is difficult to make projections regarding our future performance. However, with a healthy business platform, a careful eye on expenses, strong partners and an encouraging pipeline of potential sales, we are moving forward with the goal of continuing to build our revenues and improve profits,” he concluded.
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CleanTech BioFuels, Inc. (CLTH.OB) Announces QualityStocks Coverage
CleanTech BioFuels, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 740,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.
Ed Hennessey, CEO of CleanTech, has the company focused on developing ground-breaking technologies to convert cellulosic material found in municipal solid waste (MSW) into ethanol. Americans throw away over 250 million tons of garbage every year. Out of all that garbage, approximately 32 percent is recovered and recycled or composted, 14 percent is burned at combustion facilities, and the remaining 54 percent (or 135 million tons of garbage) is disposed of in landfills. The demand for the production of ethanol has grown to incredible levels with the recent volatility in oil prices and recently enacted legislation requiring a production rate of 36 billion gallons of ethanol per year by 2022.
Recently, CleanTech Biofuels acquired the patent crucial to their work in alternative fuels. The patent, which was formerly a sublicense of World Waste Technologies’ patented process, covers the method for transforming diverse pulp and paper products into a homogenous cellulosic feedstock by process of pressurized steam. That feedstock, which is organic waste matter, is then transformed into a clean burning ethanol through a two-step process which CleanTech is perfecting.
Mr. Hennessey stated, “CleanTech has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”
Michael McCarthy, Director of Business Development for QualityStocks.net, stated that QualityStocks is very pleased to have CleanTech BioFuels as a featured company. McCarthy added that the company, CLTH, is methodically establishing itself as a category leader.
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Ed Hennessey, CEO of CleanTech, has the company focused on developing ground-breaking technologies to convert cellulosic material found in municipal solid waste (MSW) into ethanol. Americans throw away over 250 million tons of garbage every year. Out of all that garbage, approximately 32 percent is recovered and recycled or composted, 14 percent is burned at combustion facilities, and the remaining 54 percent (or 135 million tons of garbage) is disposed of in landfills. The demand for the production of ethanol has grown to incredible levels with the recent volatility in oil prices and recently enacted legislation requiring a production rate of 36 billion gallons of ethanol per year by 2022.
Recently, CleanTech Biofuels acquired the patent crucial to their work in alternative fuels. The patent, which was formerly a sublicense of World Waste Technologies’ patented process, covers the method for transforming diverse pulp and paper products into a homogenous cellulosic feedstock by process of pressurized steam. That feedstock, which is organic waste matter, is then transformed into a clean burning ethanol through a two-step process which CleanTech is perfecting.
Mr. Hennessey stated, “CleanTech has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”
Michael McCarthy, Director of Business Development for QualityStocks.net, stated that QualityStocks is very pleased to have CleanTech BioFuels as a featured company. McCarthy added that the company, CLTH, is methodically establishing itself as a category leader.
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Global Gold Resources Inc. (GBGD.OB) Mining Operations Continue in Chile and Canada, Major Gold Find in Central Armenia Holds Great Promise
Seeing the bigger picture is often lost with many American corporations. The next quarter is the cry from Wall Street and companies’ cow-tow to it. Ultimately, however, they miss the opportunities that strategic long-term planning offer. In most instances, finding a company that forgoes quarterly expectations of Wall Street in favor of longer term stable profits is a solid investment strategy for the long term investor. The preference for these types of companies (long term players) may not be as glamorous as companies that rise and fall by the quarter, but they are companies that will produce over the long haul.
Global Gold Resources Inc., an international gold and uranium exploration and development company, works to discover and extract gold and uranium deposits primarily in Chile, Canada and Armenia. The company is currently focusing its efforts on a substantial gold find in Armenia.
Although most natural resources companies understand the long term nature of their industry, Global Gold puts it to good use. It fully expects that it needs to understand a particular site, geographic region and culture if it is to optimize its profit potential. The company’s recent gold find in Central Armenia is a case in point. Since Armenia is not generally in most people’s minds when it comes to gold, the company needed to understand how the government and equipment sourcing process could work most efficiently.
Beginning its efforts in 2005, the company started its due diligence so that, once a find had been established, it could extract its metal from the ground more rapidly. In this regard, the company has upgraded gravitation and floatation equipment at the site and constructed a tailings dam. Additionally, the company has made solid efforts to keep the government informed so that full cooperation can be granted to facilitate further needs (infrastructure, environment) as they may arise.
The site in Central Armenia is comprised of approximately 51 square Km. The initial find is located right in the middle of the overall site and is approximately 2.2 square Km. Within that zone, testing has identified 18 zones with a 1.5km mineralized long strike. The company has only tested 20% of this overall area but has found indications of 2.5 million oz. of gold and 11.9 million oz. of silver - based on a vein size of 1-1.5m in two of the 18 sites identified to date.
From all appearances, Global Gold Resources has a solid find on their hands. As operations begin to ramp toward extraction, there should be a solid stream of gold and silver offering profit for the longer term.
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Global Gold Resources Inc., an international gold and uranium exploration and development company, works to discover and extract gold and uranium deposits primarily in Chile, Canada and Armenia. The company is currently focusing its efforts on a substantial gold find in Armenia.
Although most natural resources companies understand the long term nature of their industry, Global Gold puts it to good use. It fully expects that it needs to understand a particular site, geographic region and culture if it is to optimize its profit potential. The company’s recent gold find in Central Armenia is a case in point. Since Armenia is not generally in most people’s minds when it comes to gold, the company needed to understand how the government and equipment sourcing process could work most efficiently.
Beginning its efforts in 2005, the company started its due diligence so that, once a find had been established, it could extract its metal from the ground more rapidly. In this regard, the company has upgraded gravitation and floatation equipment at the site and constructed a tailings dam. Additionally, the company has made solid efforts to keep the government informed so that full cooperation can be granted to facilitate further needs (infrastructure, environment) as they may arise.
The site in Central Armenia is comprised of approximately 51 square Km. The initial find is located right in the middle of the overall site and is approximately 2.2 square Km. Within that zone, testing has identified 18 zones with a 1.5km mineralized long strike. The company has only tested 20% of this overall area but has found indications of 2.5 million oz. of gold and 11.9 million oz. of silver - based on a vein size of 1-1.5m in two of the 18 sites identified to date.
From all appearances, Global Gold Resources has a solid find on their hands. As operations begin to ramp toward extraction, there should be a solid stream of gold and silver offering profit for the longer term.
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MyECheck, Inc. (MYEC.OB) Provides Valuable Services for E-Commerce
In today’s world, credit cards are the most popular means to pay for online goods and services, but it is estimated that alternative payment methods will account for nearly 26% of e-commerce volume by 2009. In the Federal Reserve’s 2007 report on noncash payments, they found that electronic payments now exceed two-thirds of all noncash payments.
A change has commenced within the world of online payments, as the dominance of credit cards is beginning to loosen while new payment options emerge. Credit cards accounted for over 90% of online payments volume just as recently as the year 2000, but will only account for a minority of e-commerce dollar volume by 2009. As a result of this modern shift, there will be significant implications for banks, merchants, and service providers supporting card-not-present risk for online merchants.
“There is growing recognition among the online community that online payment alternatives to the credit and debit card can do far more than lower costs,” explains Dan Schatt, senior analyst in Celent’s Banking Group and author of the report. “They can serve as allies to merchants in their quest to convert more prospects into sales in a way that contributes positively to the customer experience and actually lowers risk. As merchants search for any edge that can increase loyalty and lower shopping cart abandonment, they will enlist new providers that can do more to increase their profitability.”
MyECheck, Inc. (MYEC.OB) was created in 2004 to satisfy the demands for a viable alternative payment solution to credit cards for online commerce. The company’s utilizes their patent pending method of creating and clearing remotely created checks (RCC’s) for exceedingly fast, secure and convenient payments. Today, MyECheck is a leader in Check 21 solutions offering the most comprehensive suite of electronic check processing services in the industry.
The report states a key finding anticipating that innovative payment services providers will experience 55% revenue CAGR, the industry’s most rapid growth. The report points to significant opportunities lying ahead for some payment services providers – such as check services providers – and downplays the prospects of others, such as micro-payment ventures. Celent predicts that the e-check’s share of e-commerce value will climb for the next 5 years.
“Some issues, like micro-payments, are currently receiving a level of attention that is out of sync with the real opportunities,” says Gwenn Bezard, a Senior Analyst at Celent and author of the report. In reference to e-check’s growing market share, Bezard states, “The check authorization business might not be the sexiest thing on earth, but that’s one area where sound opportunities lie ahead.”
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A change has commenced within the world of online payments, as the dominance of credit cards is beginning to loosen while new payment options emerge. Credit cards accounted for over 90% of online payments volume just as recently as the year 2000, but will only account for a minority of e-commerce dollar volume by 2009. As a result of this modern shift, there will be significant implications for banks, merchants, and service providers supporting card-not-present risk for online merchants.
“There is growing recognition among the online community that online payment alternatives to the credit and debit card can do far more than lower costs,” explains Dan Schatt, senior analyst in Celent’s Banking Group and author of the report. “They can serve as allies to merchants in their quest to convert more prospects into sales in a way that contributes positively to the customer experience and actually lowers risk. As merchants search for any edge that can increase loyalty and lower shopping cart abandonment, they will enlist new providers that can do more to increase their profitability.”
MyECheck, Inc. (MYEC.OB) was created in 2004 to satisfy the demands for a viable alternative payment solution to credit cards for online commerce. The company’s utilizes their patent pending method of creating and clearing remotely created checks (RCC’s) for exceedingly fast, secure and convenient payments. Today, MyECheck is a leader in Check 21 solutions offering the most comprehensive suite of electronic check processing services in the industry.
The report states a key finding anticipating that innovative payment services providers will experience 55% revenue CAGR, the industry’s most rapid growth. The report points to significant opportunities lying ahead for some payment services providers – such as check services providers – and downplays the prospects of others, such as micro-payment ventures. Celent predicts that the e-check’s share of e-commerce value will climb for the next 5 years.
“Some issues, like micro-payments, are currently receiving a level of attention that is out of sync with the real opportunities,” says Gwenn Bezard, a Senior Analyst at Celent and author of the report. In reference to e-check’s growing market share, Bezard states, “The check authorization business might not be the sexiest thing on earth, but that’s one area where sound opportunities lie ahead.”
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Biovest International, Inc. (BVTI.OB) Signs Distribution Agreement for Anti-Cancer Vaccine in Europe
Biovest International, Inc. develops, manufactures and markets patented cell culture systems, including the innovative AutovaxID™, which is being marketed as an automated vaccine manufacturing instrument and for production of cell-based materials and therapeutics. Biovest recently completed a pivotal Phase 3 clinical trial for BiovaxID®, which is a patient-specific anti-cancer vaccine focusing on the treatment of follicular non-Hodgkin’s lymphoma. BiovaxID has been granted Fast Track status by the FDA and Orphan Drug status by the EMEA. Yesterday the company announced that it has executed a distribution agreement with IDIS Limited to exclusively supply BiovaxID®. IDIS is the world leader in the development and implementation of Named-Patient Programs
According to Steven Arikian, M.D., Chairman and CEO of Biovest, “A named-patient program is a compassionate-use drug access program under which physicians can legally prescribe investigational drugs to qualifying patients. Under this program, investigational drugs are administered to patients who are suffering from serious illnesses until the drug is approved by the European Medicines Agency (EMEA). The named-patient program will make BiovaxID available to patients with various B-cell related blood cancers.”
Dr. Arikian added, “We are very proud to be working with IDIS to make BiovaxID the very first personalized anti-cancer vaccine believed to be made available to patients in the EU. As we are frequently contacted by patients suffering from a variety of B-cell blood cancers, it is especially satisfying to provide a safe and effective therapeutic treatment option that selectively targets only cancerous cells, while sparing healthy cells. Based on our significant Phase 2 and Phase 3 clinical results, we believe BiovaxID can improve patients’ chances to maintain long-lasting, and in some cases, even durable remissions, potentially remaining cancer-free.”
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According to Steven Arikian, M.D., Chairman and CEO of Biovest, “A named-patient program is a compassionate-use drug access program under which physicians can legally prescribe investigational drugs to qualifying patients. Under this program, investigational drugs are administered to patients who are suffering from serious illnesses until the drug is approved by the European Medicines Agency (EMEA). The named-patient program will make BiovaxID available to patients with various B-cell related blood cancers.”
Dr. Arikian added, “We are very proud to be working with IDIS to make BiovaxID the very first personalized anti-cancer vaccine believed to be made available to patients in the EU. As we are frequently contacted by patients suffering from a variety of B-cell blood cancers, it is especially satisfying to provide a safe and effective therapeutic treatment option that selectively targets only cancerous cells, while sparing healthy cells. Based on our significant Phase 2 and Phase 3 clinical results, we believe BiovaxID can improve patients’ chances to maintain long-lasting, and in some cases, even durable remissions, potentially remaining cancer-free.”
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PhotoChannel Networks Inc. (PNWIF.OB) Provides Investors with Company Update
PhotoChannel Networks, Inc. has a simple idea – to provide technology and utilize telecommunications infrastructure to bridge consumer ordered content with retailers that have on demand manufacturing capabilities for the production of merchandise in real time. Technology brings them all together to create an incredible gateway for on-demand consumer transactions. A “One-Stop-Shop” approach to the planning, developing, executing and measuring their online transactions. Customers include marketing services, prepaid card programs and creative and design services.
PhotoChannel posted some highlights of the 4th qtr numbers, which will be fully filed on December 15, 2008. Total orders handled during the quarter increased 184 percent over fourth quarter 2007 and increased 59 percent over third quarter 2008. The addition of some new business partners has expanded PhotoChannel’s reach into the market. Those partners include Costco USA, SAM’s Club USA, Loblaw Companies, Kodak China, Hallmark U.K, Myer Pty Ltd. among others.
“We are very pleased with the progress that the Company has made over this past fiscal year,” says Kyle Hall, Chief Executive Officer of PhotoChannel. “Although the economy has slowed and consumer confidence is being reported to have reached record lows, we are continuing to see strong growth in our sector. We are confident this will result in significant revenue growth and transaction volumes during fiscal 2009.”
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PhotoChannel posted some highlights of the 4th qtr numbers, which will be fully filed on December 15, 2008. Total orders handled during the quarter increased 184 percent over fourth quarter 2007 and increased 59 percent over third quarter 2008. The addition of some new business partners has expanded PhotoChannel’s reach into the market. Those partners include Costco USA, SAM’s Club USA, Loblaw Companies, Kodak China, Hallmark U.K, Myer Pty Ltd. among others.
“We are very pleased with the progress that the Company has made over this past fiscal year,” says Kyle Hall, Chief Executive Officer of PhotoChannel. “Although the economy has slowed and consumer confidence is being reported to have reached record lows, we are continuing to see strong growth in our sector. We are confident this will result in significant revenue growth and transaction volumes during fiscal 2009.”
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Furmanite Corp. (FRM): Pipeline to Profits?
Furmanite (FRM) is an industrial services company offering online repairs of leaks in valves, pipes, and other components of piping systems and related equipment used in flow-process industries; and on-site machining, bolting and valve testing, valve repair, product distribution, heat treating, and repair on such systems and equipment. Furmanite also provides hot tapping, fugitive emissions monitoring, passive fire protection, concrete repair, heat exchanger design and repair, and manufacturing, as well as diagnostic services on valves and motors.
The company’s financial prospects appear rosy as its second quarter earnings more than doubled. For the quarter, Furmanite earned $7.7 million, or 21 cents per share, compared with $3.9 million, or 11 cents per share, for the same quarter last year. Sales rose 21 percent to $90.2 million from $74.7 million a year earlier. Furmanite’s major competitors include Flowserve Corp., Team Inc. and privately held T.D. Williamson Inc. Only one sell-side analyst currently tracks Furmanite, according to recent data. Brokerage firm Jesup & Lamont rates the shares a “buy.”
Texas-based Furmanite also has a government services business through which it provides program and policy analysis, program implementation, and program evaluation services; and research studies and services, training and technical assistance, conference and event management logistical support services, grant review services and support. The company also provides Web-based solutions and services. Furmanite shares are seven percent owned by insiders and 89 institutions own another 58 percent. Mutual fund owners include DFA, Franklin Value, Gabelli Funds and Vanguard.
Shares of Furmanite closed at $7.06 on Wednesday and have traded between $5.80 and $13 over the past 52 weeks. The company has a market value of $257.7 million and a price-to-earnings ratio of 14. The company has 70 service centers across the globe.
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The company’s financial prospects appear rosy as its second quarter earnings more than doubled. For the quarter, Furmanite earned $7.7 million, or 21 cents per share, compared with $3.9 million, or 11 cents per share, for the same quarter last year. Sales rose 21 percent to $90.2 million from $74.7 million a year earlier. Furmanite’s major competitors include Flowserve Corp., Team Inc. and privately held T.D. Williamson Inc. Only one sell-side analyst currently tracks Furmanite, according to recent data. Brokerage firm Jesup & Lamont rates the shares a “buy.”
Texas-based Furmanite also has a government services business through which it provides program and policy analysis, program implementation, and program evaluation services; and research studies and services, training and technical assistance, conference and event management logistical support services, grant review services and support. The company also provides Web-based solutions and services. Furmanite shares are seven percent owned by insiders and 89 institutions own another 58 percent. Mutual fund owners include DFA, Franklin Value, Gabelli Funds and Vanguard.
Shares of Furmanite closed at $7.06 on Wednesday and have traded between $5.80 and $13 over the past 52 weeks. The company has a market value of $257.7 million and a price-to-earnings ratio of 14. The company has 70 service centers across the globe.
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Wednesday, October 29, 2008
Alpharma Inc. (ALO) Posts Solid 3rd Quarter Results
Alpharma Inc. published its third quarter results today and those results show the company has advanced towards meeting its goal announced earlier this year of producing positive earnings for the last half of 2008. Alpharma makes and sells specialty pharmaceuticals worldwide for humans and animals. Increases in livestock sales and the resulting need for additional products boosting animal health in the United States helped push Alpharma into the black. Both revenue and operating income increased, leading to higher earnings per share. Alpharma recorded revenue of $175.7 million, a 32% increase in revenue from the third quarter of 2007. Operating income reached $9.7 million after subtracting costs from King Pharmaceuticals, Inc.’s unsolicited takeover bid for all of Alpharma’s common stock. Excluding the extraordinary costs for the takeover bid, operating income was $13.9 million. Earnings per share were $0.10, or $0.16 when the takeover costs are excluded.
According to Dean Mitchell, President and Chief Executive Officer, Alpharma’s results are “in line with our guidance to deliver positive earnings in the second half of 2008. While significant investments during the first half of this year were necessary to expand our commercial infrastructure and to support the launch of the FLECTOR® Patch, our third quarter results demonstrate initial returns on those investments. In addition to its successful launch, prescription growth of FLECTOR® Patch has continued as a result of enhanced formulary coverage and ongoing promotional activities. Performance in our Animal Health business has strengthened in the third quarter as demand for our U.S. livestock products has improved, reflecting some easing of input cost pressures on our customers.”
He continued, “We also recently announced that the new drug application for EMBEDA™ Capsules has been accepted for priority review by the U.S. Food and Drug Administration, and will be reviewed at a joint meeting of the Anesthetic and Life Support Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee on November 14, 2008.”
The company is continuing with its repurchase of shares as authorized by the Board of Directors last April. In the third quarter, Alpharma spent $35.5 million and bought back 1.5 million shares of common stock. In light of the company’s third quarter results, it has revised its forecast for diluted earnings per share on a yearly basis to a range of $0.25 to $0.35.
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According to Dean Mitchell, President and Chief Executive Officer, Alpharma’s results are “in line with our guidance to deliver positive earnings in the second half of 2008. While significant investments during the first half of this year were necessary to expand our commercial infrastructure and to support the launch of the FLECTOR® Patch, our third quarter results demonstrate initial returns on those investments. In addition to its successful launch, prescription growth of FLECTOR® Patch has continued as a result of enhanced formulary coverage and ongoing promotional activities. Performance in our Animal Health business has strengthened in the third quarter as demand for our U.S. livestock products has improved, reflecting some easing of input cost pressures on our customers.”
He continued, “We also recently announced that the new drug application for EMBEDA™ Capsules has been accepted for priority review by the U.S. Food and Drug Administration, and will be reviewed at a joint meeting of the Anesthetic and Life Support Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee on November 14, 2008.”
The company is continuing with its repurchase of shares as authorized by the Board of Directors last April. In the third quarter, Alpharma spent $35.5 million and bought back 1.5 million shares of common stock. In light of the company’s third quarter results, it has revised its forecast for diluted earnings per share on a yearly basis to a range of $0.25 to $0.35.
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Keep CleanTech BioFuels, Inc. (CLTH.OB) On Radar
CleanTech BioFuels, Inc. is focused on developing ground-breaking technologies to convert cellulosic material found in municipal solid waste (MSW) into ethanol. Out of the 250+ million tons of garbage disposed of each year in America, only 32% is recovered, 14% is burned at combustion facilities and the remaining 54% is tossed in landfills. However, using CleanTech’s technology, this unusable waste is a source of energy rather than a problem.
The company holds exclusive licenses to a collection of technologies that offer substantial advantages in converting MSW into viable energy. CleanTech is also developing an exclusive license to produce ethanol from municipal garbage by utilizing a dilute acid hydrolysis process that transforms cellulosic feedstock into fermentable sugars. Together, these technologies will allow CleanTech to produce cellulosic ethanol from municipal garbage at low costs.
Because the company has such a unique method of solving disposal issues while also addressing our dependence on foreign oils, it has been presented with opportunities to joint venture, license or acquire other related technologies that can also be used to convert municipal garbage into energy. CleanTech anticipates developing other complementary technologies to convert even greater amounts of the municipal waste stream into clean fuels.
The demand for the production of ethanol has grown to incredible levels with the recent volatility in oil prices and recently enacted legislation requiring a production rate of 36 billion gallons of ethanol per year by 2022. Ethanol from agricultural products like corn and sugar cane isn’t expected to be able to meet this mandate, creating an even stronger demand for advanced biofuels such as cellulosic ethanol.
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The company holds exclusive licenses to a collection of technologies that offer substantial advantages in converting MSW into viable energy. CleanTech is also developing an exclusive license to produce ethanol from municipal garbage by utilizing a dilute acid hydrolysis process that transforms cellulosic feedstock into fermentable sugars. Together, these technologies will allow CleanTech to produce cellulosic ethanol from municipal garbage at low costs.
Because the company has such a unique method of solving disposal issues while also addressing our dependence on foreign oils, it has been presented with opportunities to joint venture, license or acquire other related technologies that can also be used to convert municipal garbage into energy. CleanTech anticipates developing other complementary technologies to convert even greater amounts of the municipal waste stream into clean fuels.
The demand for the production of ethanol has grown to incredible levels with the recent volatility in oil prices and recently enacted legislation requiring a production rate of 36 billion gallons of ethanol per year by 2022. Ethanol from agricultural products like corn and sugar cane isn’t expected to be able to meet this mandate, creating an even stronger demand for advanced biofuels such as cellulosic ethanol.
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Performance Health Technologies, Inc. (PFMH.OB) Continues to Show Solid Results with Patients
Performance Health Technologies, Inc. (PFMH.OB) is a company that has started a revolutionary wave on how people are recovering from neurological disorders involving the joints. Over the last nine years, the company’s development team has created MotionTrack™, which synergizes the latest software and medical technology onto its proprietary platform. The Core:TX® system is able to provide patients with immediate feedback by turning rehabilitation therapy into a wireless, game-like challenge.
The Core:TX® not only makes the repetitive rehabilitation movements more enjoyable, the system is also able to provide health professionals with info on patients’ unique body makeup. Some patients have tremendous strength but lack flexibility in their movements, while others have a wide range of motion with little strength. By using the Core:TX®, healthcare professional and physical therapists are now able to customize clients’ therapy based upon recordable measurements. Performance professional and at-home products have even been tested, accepted, and endorsed by a number of leaders in the medical, rehabilitation, and athletic groups
Jack Kelly from South Carolina stated, “I started using the Core:Tx twice a week for one-hour sessions at Advanced Therapy Solutions in Spartanburg, SC following a traumatic brain injury resulting from a fall. I was anxious to regain the mobility I had lost due to my injury and the Core:Tx gave me the much-needed jumpstart I needed on the path to a speedy recovery. Plus, the home version of Core:Tx allowed me to continue my therapy at home, stay connected to my therapist via the internet and perform easy-to-follow, pre-set exercises specifically designed for me.”
The Core:TX® has been gaining interest from occupational and physical therapists, orthopedic surgeons, neurologists, as well as speech pathologists. Those patients who need to continue rehabilitation therapies at home have the Core:Tx for Stroke Survivors available to them. Additionally, the SportsRAC® Shoulder, Knee and Forearm system is being used in a number of university athletic departments, professional sports team work-out areas, and physical therapy clinics.
The Richart Sports and Spinal Rehabilitation Clinic found that the “SportsRAC Multi-Joint Rehabilitation System is beneficial to rehabilitation because it provides feedback, neuromuscular training, and improved kinesthetic sense. Patients benefit from the SportsRAC System because they have an earlier rehabilitation option. Chiropractor practice can benefit from SporstRAC by gaining additional rehabilitation options and incremental revenue.”
As an ever expanding group of medical professionals learn about the Performance Health products, the number of patients that will benefit from the products will continue to increase.
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The Core:TX® not only makes the repetitive rehabilitation movements more enjoyable, the system is also able to provide health professionals with info on patients’ unique body makeup. Some patients have tremendous strength but lack flexibility in their movements, while others have a wide range of motion with little strength. By using the Core:TX®, healthcare professional and physical therapists are now able to customize clients’ therapy based upon recordable measurements. Performance professional and at-home products have even been tested, accepted, and endorsed by a number of leaders in the medical, rehabilitation, and athletic groups
Jack Kelly from South Carolina stated, “I started using the Core:Tx twice a week for one-hour sessions at Advanced Therapy Solutions in Spartanburg, SC following a traumatic brain injury resulting from a fall. I was anxious to regain the mobility I had lost due to my injury and the Core:Tx gave me the much-needed jumpstart I needed on the path to a speedy recovery. Plus, the home version of Core:Tx allowed me to continue my therapy at home, stay connected to my therapist via the internet and perform easy-to-follow, pre-set exercises specifically designed for me.”
The Core:TX® has been gaining interest from occupational and physical therapists, orthopedic surgeons, neurologists, as well as speech pathologists. Those patients who need to continue rehabilitation therapies at home have the Core:Tx for Stroke Survivors available to them. Additionally, the SportsRAC® Shoulder, Knee and Forearm system is being used in a number of university athletic departments, professional sports team work-out areas, and physical therapy clinics.
The Richart Sports and Spinal Rehabilitation Clinic found that the “SportsRAC Multi-Joint Rehabilitation System is beneficial to rehabilitation because it provides feedback, neuromuscular training, and improved kinesthetic sense. Patients benefit from the SportsRAC System because they have an earlier rehabilitation option. Chiropractor practice can benefit from SporstRAC by gaining additional rehabilitation options and incremental revenue.”
As an ever expanding group of medical professionals learn about the Performance Health products, the number of patients that will benefit from the products will continue to increase.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
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Lpath Inc. (LPTN.OB) Secures Strategic $23M Alliance to Launch Cancer Treatment Trials
Oftentimes money can stand in the way of health. In light of our current economic woes, many individuals find that the rising cost of healthcare outweighs the need for insurance and proper care. The same goes for scientific and medical companies in need of funding for further research and development. To accomplish their mission, many companies form strategic partnerships to obtain cash injections.
Such an arrangement was today announced between Lpath Inc. (OTCBB: LPTN) and Merck Serono, a division of Germany-based Merck KGaA. The alliance was fueled by the fact that Merck Serono holds an annual R&D investment of around $1.5 billion. The company funnels this capital for specialist-focused therapeutic areas.
Lpath Inc. concentrates on bioactive lipid-targeted therapeutics for the treatment of human diseases such as cancer, multiple sclerosis and more. The company’s partnership with Merck Serono will launch global research and development of Lpath’s phase 1 monoclonal antibody, ASONEP, for the treatment of cancer. The alliance will supply Lpath with $23 million of upfront payments from Merck Serono to complete phase 1 clinical trials of ASONEP.
“Merck Serono, which has distinguished itself as an outstanding developer and marketer of innovative drugs in key therapeutic areas, is an ideal partner for ASONEP and for Lpath. We expect this alliance to further validate the importance of bioactive-lipid-targeted therapeutics and extend Lpath’s leadership position in this exciting new field,” Scott Pancoast, president and CEO of Lpath stated in a press release.
Merck Serono has the option to continue participation beyond phase I with an additional payment of $28 million and the continued funding of development activities. According to the press release, additional payments will be made on achievement of development, regulatory, and sales milestones that could total up to $422 million should ASONEP be approved in multiple indications.
“This alliance is a promising strategic fit for Merck Serono’s business model and culture,” Vincent Aurentz, executive vice president portfolio development and member of the Merck Serono executive board stated. “ASONEP is an innovative drug candidate and the first monoclonal antibody targeting a bioactive lipid to be tested in clinical trials. We believe that S1P, the bioactive-lipid target of ASONEP, plays an important role in cancer.”
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Such an arrangement was today announced between Lpath Inc. (OTCBB: LPTN) and Merck Serono, a division of Germany-based Merck KGaA. The alliance was fueled by the fact that Merck Serono holds an annual R&D investment of around $1.5 billion. The company funnels this capital for specialist-focused therapeutic areas.
Lpath Inc. concentrates on bioactive lipid-targeted therapeutics for the treatment of human diseases such as cancer, multiple sclerosis and more. The company’s partnership with Merck Serono will launch global research and development of Lpath’s phase 1 monoclonal antibody, ASONEP, for the treatment of cancer. The alliance will supply Lpath with $23 million of upfront payments from Merck Serono to complete phase 1 clinical trials of ASONEP.
“Merck Serono, which has distinguished itself as an outstanding developer and marketer of innovative drugs in key therapeutic areas, is an ideal partner for ASONEP and for Lpath. We expect this alliance to further validate the importance of bioactive-lipid-targeted therapeutics and extend Lpath’s leadership position in this exciting new field,” Scott Pancoast, president and CEO of Lpath stated in a press release.
Merck Serono has the option to continue participation beyond phase I with an additional payment of $28 million and the continued funding of development activities. According to the press release, additional payments will be made on achievement of development, regulatory, and sales milestones that could total up to $422 million should ASONEP be approved in multiple indications.
“This alliance is a promising strategic fit for Merck Serono’s business model and culture,” Vincent Aurentz, executive vice president portfolio development and member of the Merck Serono executive board stated. “ASONEP is an innovative drug candidate and the first monoclonal antibody targeting a bioactive lipid to be tested in clinical trials. We believe that S1P, the bioactive-lipid target of ASONEP, plays an important role in cancer.”
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
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SpongeTech Delivery Systems, Inc (SPNG.OB) Joins Forces With SpongeBob
SpongeTech® Delivery Systems, Inc., creator of patented soap-releasing hydrophilic sponges, is getting together with entertainment giant Nickelodeon & Viacom Consumer Products to produce and distribute a line of soap and sunscreen infused sponges for kids. The partnership allows nationwide sales of sponges based on the long-running SpongeBob SquarePants character, as well as two other popular Nickelodeon characters, Dora The Explorer, and Go, Diego, Go.
SpongeBob SquarePants is one of the best known characters in the entertainment industry, with an estimated monthly viewing audience of over 70 million. The sponges will be sold at a number of mass market retail stores, as well as online, beginning in the third quarter of 2009.
SpongeTech’s COO, Steven Moskowitz, said “We are incredibly excited about this partnership and see this as a natural fit and a wonderful opportunity to produce and market SpongeBob-branded SpongeTech® product.” He concluded “With the partnership in place, coupled with our strong sales force, parents and children around the county now have an even greater opportunity to be introduced to SpongeTech®’s superior product line.”
SpongeTech, based in New York City, is best known for their line of soapy sponges used to make car cleaning easier. The patented sponges contain hydrophilic foam polyurethane matrices, configured with an outer contact layer and inner matrix for releasing specially formulated soaps and wax when in use. Although currently designed for cars, the partnership with Nickelodeon demonstrates the company’s interest in the possibility of using its patented technology for the development of sponges for other uses, such as anti-bacterial bath and kitchen soaps for household uses, and bath sponges for children.
Nickelodeon is the number-one global entertainment brand for kids. Nickelodeon’s U.S. television network is seen in over 96 million households, and has been the top rated basic cable network for 14 consecutive years.
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SpongeBob SquarePants is one of the best known characters in the entertainment industry, with an estimated monthly viewing audience of over 70 million. The sponges will be sold at a number of mass market retail stores, as well as online, beginning in the third quarter of 2009.
SpongeTech’s COO, Steven Moskowitz, said “We are incredibly excited about this partnership and see this as a natural fit and a wonderful opportunity to produce and market SpongeBob-branded SpongeTech® product.” He concluded “With the partnership in place, coupled with our strong sales force, parents and children around the county now have an even greater opportunity to be introduced to SpongeTech®’s superior product line.”
SpongeTech, based in New York City, is best known for their line of soapy sponges used to make car cleaning easier. The patented sponges contain hydrophilic foam polyurethane matrices, configured with an outer contact layer and inner matrix for releasing specially formulated soaps and wax when in use. Although currently designed for cars, the partnership with Nickelodeon demonstrates the company’s interest in the possibility of using its patented technology for the development of sponges for other uses, such as anti-bacterial bath and kitchen soaps for household uses, and bath sponges for children.
Nickelodeon is the number-one global entertainment brand for kids. Nickelodeon’s U.S. television network is seen in over 96 million households, and has been the top rated basic cable network for 14 consecutive years.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
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Del Global Technologies Corp. (DGTC.OB) Completes Another Successful Imaging Installation
The Del Medical Systems Group, medical imaging systems arm of Del Global Technologies Corporation, announced another successful installation of its innovative Apollo DRF advanced imaging system. The installation, at the Winona Community Memorial Hospital in southwest Minnesota, was preceded by two installations at hospitals in Italy, through the company’s Italian subsidiary, Villa Sistemi Medicali, in August.
The new Apollo DRF (Digital Radiography + Fluoroscopy) system is unique in its combination of high resolution radiography and high frame rate fluoroscopy, allowing one detector and imaging platform to do the work of multiple legacy devices. According to the company, the system matches the flexibility of a remote controlled RF table with the image quality and speed of a new dynamic flat panel detector, making it possible to instantly switch from general radiographic studies to high-volume chest exams, trauma exams, or GI and other contrast studies.
Integration and automation are key factors in the exceptional radiographic and fluoroscopic performance of the Apollo DRF system. Workflow is greatly increased because the system minimizes the number of steps required to complete a procedure. All imaging parameters are automatically set upon selection of the desired exam. The operator console automatically sends the exposure values to the generator, selects the most appropriate look-up table for gray levels, sets the correct measuring zones of the ionization chamber, and activates the detector with the optimal settings.
Del Global Technologies, based outside of Chicago, does business through two operational arms: Del Medical Systems and RFI Corporation. Del Medical Systems was created through the combination of several well-established diagnostic radiology companies, including Villa Sistemi Medicali in Italy. This has helped Del Medical build a strong and reliable reputation as a global provider of cost-effective high performance imaging systems.
RFI Corporation is a world leader in the development of technology and products relating to EMI (Electro-Magnetic Interference), RFI (Radio Frequency Interference), and EMC (Electro-Magnetic Compatibility) for the defense, medical, telecommunications, and commercial markets.
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The new Apollo DRF (Digital Radiography + Fluoroscopy) system is unique in its combination of high resolution radiography and high frame rate fluoroscopy, allowing one detector and imaging platform to do the work of multiple legacy devices. According to the company, the system matches the flexibility of a remote controlled RF table with the image quality and speed of a new dynamic flat panel detector, making it possible to instantly switch from general radiographic studies to high-volume chest exams, trauma exams, or GI and other contrast studies.
Integration and automation are key factors in the exceptional radiographic and fluoroscopic performance of the Apollo DRF system. Workflow is greatly increased because the system minimizes the number of steps required to complete a procedure. All imaging parameters are automatically set upon selection of the desired exam. The operator console automatically sends the exposure values to the generator, selects the most appropriate look-up table for gray levels, sets the correct measuring zones of the ionization chamber, and activates the detector with the optimal settings.
Del Global Technologies, based outside of Chicago, does business through two operational arms: Del Medical Systems and RFI Corporation. Del Medical Systems was created through the combination of several well-established diagnostic radiology companies, including Villa Sistemi Medicali in Italy. This has helped Del Medical build a strong and reliable reputation as a global provider of cost-effective high performance imaging systems.
RFI Corporation is a world leader in the development of technology and products relating to EMI (Electro-Magnetic Interference), RFI (Radio Frequency Interference), and EMC (Electro-Magnetic Compatibility) for the defense, medical, telecommunications, and commercial markets.
About QualityStocks:
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Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
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