Caliper Life Science Inc., a provider of advanced technologies for medical and diagnostics testing, today announced it has signed a long-term, exclusive arrangement with Trinean, a pioneer in automated micro volume spectroscopy systems. Per the agreement, Caliper will distribute Trinean’s DropSense platform under the name LabChip DS in North America.
The LabChip DS is an automated spectral analysis platform that allows users to analyze the concentration levels of nucleic acid and protein samples within minutes. The product is complementary to Caliper’s LabChip GX, which provides fluorescent, electrophoretic analysis of fragments of nucleic acids and proteins.
“Caliper is investing significant resources into developing new products, applications on our existing products, and third-party collaborations, co-marketing and distribution agreements to further augment our aggressive move into the biotherapeutics and genomics markets,” Kevin Hrusovsky, president and CEO of Caliper Life Sciences stated in the press release. “Caliper has become a vendor and partner of choice for sequencing sample preparation tools, and we are very pleased to add Trinean’s DropSense platform to the tools we offer to our customers in North America.”
The company said the idea is to use the LabChip DS for the initial concentration analysis of extracted genomic DNA, which would then be sheared using third-party equipment, then size-fractionated on a Caliper LabChip XT platform. The companies would then analyze the sheared DNA and constructed libraries would then be performed using the LabChip GXI platform to assess size, purity and amount of the DNA fragments.
“Trinean is pleased to leverage Caliper’s extensive commercial presence in the genomics and biologics markets in North America, as well as its experience in commercializing microfluidic technologies,” Marc Zabeau, CEO of Trinean stated.
For more information visit www.trinean.com or www.caliperLS.com
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Monday, January 31, 2011
YesDTC Holdings (YESD.OB) Launches WordSmart Linguistic Technology in China
YesDTC Holdings Inc., a direct-to-consumer marketer and global distributor of consumer goods and products, is launching its Alex Trebek-sponsored WordSmart product into the flourishing Chinese market.
The company said it is currently working on a specialized version of its WordSmart English language and vocabulary building software program designed specifically for Chinese students looking to improve their English skills to prepare them for admittance into U.S. universities.
According to the company, about 1 million students take the Test of English as a Foreign Language (TOEFL) each year to demonstrate their English language proficiency at the university level. The exam evaluates a student’s reading, speaking, listening and writing skills to help them gain entrance into the more than 7,500 colleges, agencies and other institutions in 130 countries that accept TOEFL scores as part of their candidate evaluation process.
“The WordSmart product is already a terrific way to prepare for the TOEFL, but we plan to make it an even more effective tool. We are currently in process of translating the background and instructional materials into Chinese and we will be enhancing the product to include new sections on English idioms, pronunciation and writing skills,” Joseph Noel, CEO of YesDTC stated in the press release.
Noel said that in recent years, the number of Chinese students taking the TOEFL has grown by more than 30 percent. In response to the growing number of testing, the company will release its first section through the YesDTC Asia division. Noel also noted significant increases in TOEFL testing in Korea, Japan and India, giving the company an opportunity in other markets.
For more information visit www.yesdtc.com and www.smw.tv
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The company said it is currently working on a specialized version of its WordSmart English language and vocabulary building software program designed specifically for Chinese students looking to improve their English skills to prepare them for admittance into U.S. universities.
According to the company, about 1 million students take the Test of English as a Foreign Language (TOEFL) each year to demonstrate their English language proficiency at the university level. The exam evaluates a student’s reading, speaking, listening and writing skills to help them gain entrance into the more than 7,500 colleges, agencies and other institutions in 130 countries that accept TOEFL scores as part of their candidate evaluation process.
“The WordSmart product is already a terrific way to prepare for the TOEFL, but we plan to make it an even more effective tool. We are currently in process of translating the background and instructional materials into Chinese and we will be enhancing the product to include new sections on English idioms, pronunciation and writing skills,” Joseph Noel, CEO of YesDTC stated in the press release.
Noel said that in recent years, the number of Chinese students taking the TOEFL has grown by more than 30 percent. In response to the growing number of testing, the company will release its first section through the YesDTC Asia division. Noel also noted significant increases in TOEFL testing in Korea, Japan and India, giving the company an opportunity in other markets.
For more information visit www.yesdtc.com and www.smw.tv
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Black Hawk Exploration (BHWX) Secures Approval to Drill at Kansas Property
Black Hawk Exploration reported that the company has received regulatory approval regarding its application to drill on its oil and gas properties located in Kansas. The company plans to start drilling on its acreage within two weeks.
Black Hawk Exploration filed a notice of intent to drill with the Kansas Corporation Commission Oil and Gas Conservation Division. The company has 3,000 acres under lease in Cowley County, Kansas, and plans to drill and complete twenty wells over a six month program.
Black Hawk Exploration is leasing a drilling rig from Val Energy, and plans to re-enter an existing well on the property. The company intends to target several different oil and gas formations, including the Layton, Mississippi and Arbuckle zones.
Black Hawk Exploration plans to use advanced technology during the development program on the properties, including horizontal drilling and slick water hydraulic fracturing operations.
Black Hawk Exploration is still adding to its oil and gas acreage in Kansas, and leased an additional 425 acres in January 2011.
Black Hawk Exploration is a mineral exploration and development company founded in 2005. The company has acreage prospective for Lithium and Gold at separate locations in Nevada.
For more information on the company, go to www.black-hawk-exploration.com
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Black Hawk Exploration filed a notice of intent to drill with the Kansas Corporation Commission Oil and Gas Conservation Division. The company has 3,000 acres under lease in Cowley County, Kansas, and plans to drill and complete twenty wells over a six month program.
Black Hawk Exploration is leasing a drilling rig from Val Energy, and plans to re-enter an existing well on the property. The company intends to target several different oil and gas formations, including the Layton, Mississippi and Arbuckle zones.
Black Hawk Exploration plans to use advanced technology during the development program on the properties, including horizontal drilling and slick water hydraulic fracturing operations.
Black Hawk Exploration is still adding to its oil and gas acreage in Kansas, and leased an additional 425 acres in January 2011.
Black Hawk Exploration is a mineral exploration and development company founded in 2005. The company has acreage prospective for Lithium and Gold at separate locations in Nevada.
For more information on the company, go to www.black-hawk-exploration.com
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China Integrated Energy, Inc. (CBEH) Announces Completion of New Biodiesel Facility
China Integrated Energy, Inc., the integrated gas company in China which distributes various finished oil and heavy oil products, was proud to announce today that the company finally completed its project of a brand new biodiesel production facility with a capacity of 50,000 tons, adding to its 100,000 ton biodiesel facility in Tongchuan City, Shaanxi Province.
The addition of the new facility will add to its current biodiesel production, resulting in a new high of 200,000 tons annually. The company is already in operation with a 100,000 ton biodiesel facility in Tongchuan City, along with a 50,000 ton plant location in Chongqing City in China.
An operating capacity percentage of 25%-30% is expected for Q1 in 2011, an increased 50%-60% for the second quarter of this year, following a 80-90% utilization rate for Q3. The company anticipates its new facility to contribute about $21 million in revenue and a staggering $5.2 million in net income.
“Our new biodiesel facility is an integral step in our growth strategy for 2011. It brings on line an additional 50,000 tons of capacity to meet the growing market demand for biodiesel, supported by the government’s goal to increase renewable energy consumption to 15% of China’s total energy consumption by year 2020,” stated Mr. Gao Xincheng, Chief Executive Officer of China Integrated Energy. “This new facility, along with our plans to construct a 300,000-ton biodiesel plant (phase one with 200,000-ton) upon the acquisition of Hainan Lin Gao Chemical Co., will support our revenue and net income targets moving forward.”
The second generation 50,000 ton facility recently completed has been given an estimated 20% reduction in production costs for China Integrated. The new facility will use a plethora of raw materials to its advantage, including crop straw, waste for agricultural use and various organic wastes, allowing the company more control its cost controls as the company uses the facility to its utmost potential.
China Integrated Energy Inc. produces and distributes various forms of oil such as gasoline, diesel, and naphtha, sending them to various retail service stations and retail gas stations throughout the country. The company owned and operated 12 retail gas station in China as of March 9 of last year. The company also involves itself in the production and retail of biodiesel to oil trading companies, along with ending users compromising gas station, electric power companies, and shipping companies. The company has been formerly known as China Bio Energy Holding Co. Ltd. opting for its newer, revamped name in September of 2009. China Integrated resides its main headquarters in Xi’an City, China.
For more information visit: www.chinaintegratedenergy.com
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The addition of the new facility will add to its current biodiesel production, resulting in a new high of 200,000 tons annually. The company is already in operation with a 100,000 ton biodiesel facility in Tongchuan City, along with a 50,000 ton plant location in Chongqing City in China.
An operating capacity percentage of 25%-30% is expected for Q1 in 2011, an increased 50%-60% for the second quarter of this year, following a 80-90% utilization rate for Q3. The company anticipates its new facility to contribute about $21 million in revenue and a staggering $5.2 million in net income.
“Our new biodiesel facility is an integral step in our growth strategy for 2011. It brings on line an additional 50,000 tons of capacity to meet the growing market demand for biodiesel, supported by the government’s goal to increase renewable energy consumption to 15% of China’s total energy consumption by year 2020,” stated Mr. Gao Xincheng, Chief Executive Officer of China Integrated Energy. “This new facility, along with our plans to construct a 300,000-ton biodiesel plant (phase one with 200,000-ton) upon the acquisition of Hainan Lin Gao Chemical Co., will support our revenue and net income targets moving forward.”
The second generation 50,000 ton facility recently completed has been given an estimated 20% reduction in production costs for China Integrated. The new facility will use a plethora of raw materials to its advantage, including crop straw, waste for agricultural use and various organic wastes, allowing the company more control its cost controls as the company uses the facility to its utmost potential.
China Integrated Energy Inc. produces and distributes various forms of oil such as gasoline, diesel, and naphtha, sending them to various retail service stations and retail gas stations throughout the country. The company owned and operated 12 retail gas station in China as of March 9 of last year. The company also involves itself in the production and retail of biodiesel to oil trading companies, along with ending users compromising gas station, electric power companies, and shipping companies. The company has been formerly known as China Bio Energy Holding Co. Ltd. opting for its newer, revamped name in September of 2009. China Integrated resides its main headquarters in Xi’an City, China.
For more information visit: www.chinaintegratedenergy.com
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PureSafe Water Systems, Inc. (PSWS.OB) Video Chart for Monday, January 31, 2011
PSWS is in a nice, tight channel between 13 and 14 cents with the moving averages and bollinger bands giving hints that a move is coming. These indicators won’t tell you which way, but technical traders are on watch for 13 cents to hold as support and 14 cents to be broken on the upper side of the channel.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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Keryx Biopharmaceuticals, Inc. (KERX) Price Down, Not Company’s Potential
Biotech investors are patient people. They are also diligent in their research; looking closely into a company’s compounds and the market potential that surrounds them. Keryx Biopharmaceuticals, Inc. is a company that has been the focus of several articles recently due to the dip in share price which is offering an opportunity for value pricing of a company that is pushing forward with late-stage research on its novel compounds.
Regarding therapies for end-stage renal disease (ESRD), a more than billion-dollar market controlled by Genzyme (NASDAQ:GENZ) with Renagel and Renvela, there still remains a void that can be filled by a therapy that overcomes many of the issues with current phosphate-binders. Calcium-based phosphate binders increase the risk of metastatic calcification in many patients. The most commonly prescribed phosphate binders in the United States are non-calcium-based non-absorbed phosphate binders, including sevelamer products. However, sevelamer hydrochloride has been shown to increase the risk of metabolic acidosis, which can result in coma or death. A drug which can increase iron levels and lower the risk of metabolic acidosis and still perform effectively is the quest of several companies today.
Keryx is developing Zerenex™, an iron-based phosphate binder for the treatment of elevated serum phosphorus levels (hyperphosphatemia) in patients with ESRD. Research on Zerenex™ has provided positive data in the Phase III short-term efficacy study, while a 58-week, long-term safety study (approx. 300 patients) was initiated on in September of 2010 with Keryx expecting to complete patient enrollment during mid-2011 and report results mid-2012. Initial results from the short-term efficacy study met both primary and secondary endpoints by showing a highly statistically significant dose response in the change in serum phosphorus from baseline to Day 28 in the intention to treat group of patients as well as final data indicating the potential ability of Zerenex to manage metabolic acidosis. Data from these early Phase III studies reinforces earlier studies which show that Zerenex™ may have a leg up on the competition and, if brought to market, take a bite out of Genzyme’s 66% control of the market.
Keryx also possesses perifosine to treat advanced colorectal cancer and multiple myeloma. Perifosine is a novel, potentially first-in-class, oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase pathway, and also affects a number of other key signal transduction pathways, including the JNK pathway, all of which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. Perifosine is in Phase III clinical trials as a therapy for both of these diseases under a Special Protocol Assessment from the FDA.
Anyone involved with investing in biotechnology companies realizes that there are some “ups and downs” involved with quiet times. Early trials can produce more press releases and announcements on the conclusions of certain aspects of the development, but later-stage developments often do not see frequent press due to the sheer magnitude of the studies. For many, it provides an opportunity to snatch shares while the price is depressed, but only as a result of the typical cycle of a developmental biotech, not the quality of the company or the drugs it possesses.
More information on Keryx and its pipeline of drugs can be found on the Company’s website at www.keryx.com
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Regarding therapies for end-stage renal disease (ESRD), a more than billion-dollar market controlled by Genzyme (NASDAQ:GENZ) with Renagel and Renvela, there still remains a void that can be filled by a therapy that overcomes many of the issues with current phosphate-binders. Calcium-based phosphate binders increase the risk of metastatic calcification in many patients. The most commonly prescribed phosphate binders in the United States are non-calcium-based non-absorbed phosphate binders, including sevelamer products. However, sevelamer hydrochloride has been shown to increase the risk of metabolic acidosis, which can result in coma or death. A drug which can increase iron levels and lower the risk of metabolic acidosis and still perform effectively is the quest of several companies today.
Keryx is developing Zerenex™, an iron-based phosphate binder for the treatment of elevated serum phosphorus levels (hyperphosphatemia) in patients with ESRD. Research on Zerenex™ has provided positive data in the Phase III short-term efficacy study, while a 58-week, long-term safety study (approx. 300 patients) was initiated on in September of 2010 with Keryx expecting to complete patient enrollment during mid-2011 and report results mid-2012. Initial results from the short-term efficacy study met both primary and secondary endpoints by showing a highly statistically significant dose response in the change in serum phosphorus from baseline to Day 28 in the intention to treat group of patients as well as final data indicating the potential ability of Zerenex to manage metabolic acidosis. Data from these early Phase III studies reinforces earlier studies which show that Zerenex™ may have a leg up on the competition and, if brought to market, take a bite out of Genzyme’s 66% control of the market.
Keryx also possesses perifosine to treat advanced colorectal cancer and multiple myeloma. Perifosine is a novel, potentially first-in-class, oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase pathway, and also affects a number of other key signal transduction pathways, including the JNK pathway, all of which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. Perifosine is in Phase III clinical trials as a therapy for both of these diseases under a Special Protocol Assessment from the FDA.
Anyone involved with investing in biotechnology companies realizes that there are some “ups and downs” involved with quiet times. Early trials can produce more press releases and announcements on the conclusions of certain aspects of the development, but later-stage developments often do not see frequent press due to the sheer magnitude of the studies. For many, it provides an opportunity to snatch shares while the price is depressed, but only as a result of the typical cycle of a developmental biotech, not the quality of the company or the drugs it possesses.
More information on Keryx and its pipeline of drugs can be found on the Company’s website at www.keryx.com
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QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Town and Country Financial Corp. (TWCF.OB) Reports 2010 Net Income of $2.1 Million
On Saturday, Town and Country Financial Corp. reported 2010 net income of $2.1 million, or $0.75 per share. This is in comparison with $1.0 million, or $0.36 per share, generated in 2009. Net income adjusted to exclude gains and impairments of investment securities was $2.2 million, or $0.80 per share, compared to $0.44 in the previous year.
The improvement in year-over-year earnings was due primarily to lower loan loss provision expense driven by lower net charge-offs of 0.18% on average loans in 2010 compared to 1.53% in 2009. In addition, contributing to the improvement was net interest income that was $11.9 million and 4.0% above the prior year level. This resulted in a net interest margin of 3.57% compared to 3.39%.
Non-interest income was $5.7 million. This was 9.6% below 2009 due to lower mortgage production volumes, down 8%, and one-time insurance proceeds received in 2009. Non-interest expense was $13.8 million compared with $13.7 million in 2009.
As of December 31, 2010, total assets were $361 million compared to $375 million at the end of 2009. The change was due mainly to investment portfolio cash flows. Net loans were $226 million, up $6 million, or 2.8%. The serviced mortgage portfolio posted growth of 5.5%.
Total deposits were $297 million compared to $305 million at the 2009 year-end. Equity capital was $31 million and the reported book value was $11.14 per share compared to $10.47 per share on December 31, 2009.
Town and Country Financial Corporation’s capital position strengthened further with Tier 1 capital of $39.9 million, or 11.0% of average assets, and total risk-based capital of $45.6 million, or an estimated 15.7% of risk-weighted assets compared to 14.9% on December 31, 2009. All ratios are well above the regulatory definition of a well-capitalized bank. The Company’s ratios compare favorably to most peers’.
At quarter-end, the allowance for loan losses was 1.32% of loans outstanding (excluding loans held for sale) compared to 1.22% at year-end 2009. Nonperforming loans plus other real estate owned as a percentage of total loans plus other real estate was 1.17%. This is significantly below peer averages and down from 1.60% on December 31, 2009.
Furthermore, The Board of Directors declared a $0.03 per share quarterly cash dividend payable on March 15, 2011 to stockholders of record March 1, 2011. The Board of Directors also named Micah R. Bartlett Chief Executive Officer of the Company, succeeding David Kirschner who was named Executive Chairman of the Board. Mr. Kirschner remains actively involved in daily bank management.
Mr. Kirschner commented on the quarter: “Great progress was made in 2010 as we continued to focus on the fundamentals of core profitability, expansion of our mortgage market share, and strength in our balance sheet through capital, credit quality, and liquidity management. Our optimism for the future is tempered somewhat by the challenges from an extended low-rate environment and slower economic growth. We feel confident, however, that the hard work of our people and dedication to sound financial practices will continue to be a compelling component of our growth and health in the coming years.”
Headquartered in Springfield, Illinois, Town and Country Financial Corporation is the parent holding company for Town & Country Bank with offices in Springfield, Mt. Zion, Forsyth, and Decatur. They are also the parent holding company for Town & Country Banc Mortgage Services, Inc., as well as Logan County Bank, which has offices in Lincoln and Buffalo.
For more information visit: www.townandcountrybank.com
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The improvement in year-over-year earnings was due primarily to lower loan loss provision expense driven by lower net charge-offs of 0.18% on average loans in 2010 compared to 1.53% in 2009. In addition, contributing to the improvement was net interest income that was $11.9 million and 4.0% above the prior year level. This resulted in a net interest margin of 3.57% compared to 3.39%.
Non-interest income was $5.7 million. This was 9.6% below 2009 due to lower mortgage production volumes, down 8%, and one-time insurance proceeds received in 2009. Non-interest expense was $13.8 million compared with $13.7 million in 2009.
As of December 31, 2010, total assets were $361 million compared to $375 million at the end of 2009. The change was due mainly to investment portfolio cash flows. Net loans were $226 million, up $6 million, or 2.8%. The serviced mortgage portfolio posted growth of 5.5%.
Total deposits were $297 million compared to $305 million at the 2009 year-end. Equity capital was $31 million and the reported book value was $11.14 per share compared to $10.47 per share on December 31, 2009.
Town and Country Financial Corporation’s capital position strengthened further with Tier 1 capital of $39.9 million, or 11.0% of average assets, and total risk-based capital of $45.6 million, or an estimated 15.7% of risk-weighted assets compared to 14.9% on December 31, 2009. All ratios are well above the regulatory definition of a well-capitalized bank. The Company’s ratios compare favorably to most peers’.
At quarter-end, the allowance for loan losses was 1.32% of loans outstanding (excluding loans held for sale) compared to 1.22% at year-end 2009. Nonperforming loans plus other real estate owned as a percentage of total loans plus other real estate was 1.17%. This is significantly below peer averages and down from 1.60% on December 31, 2009.
Furthermore, The Board of Directors declared a $0.03 per share quarterly cash dividend payable on March 15, 2011 to stockholders of record March 1, 2011. The Board of Directors also named Micah R. Bartlett Chief Executive Officer of the Company, succeeding David Kirschner who was named Executive Chairman of the Board. Mr. Kirschner remains actively involved in daily bank management.
Mr. Kirschner commented on the quarter: “Great progress was made in 2010 as we continued to focus on the fundamentals of core profitability, expansion of our mortgage market share, and strength in our balance sheet through capital, credit quality, and liquidity management. Our optimism for the future is tempered somewhat by the challenges from an extended low-rate environment and slower economic growth. We feel confident, however, that the hard work of our people and dedication to sound financial practices will continue to be a compelling component of our growth and health in the coming years.”
Headquartered in Springfield, Illinois, Town and Country Financial Corporation is the parent holding company for Town & Country Bank with offices in Springfield, Mt. Zion, Forsyth, and Decatur. They are also the parent holding company for Town & Country Banc Mortgage Services, Inc., as well as Logan County Bank, which has offices in Lincoln and Buffalo.
For more information visit: www.townandcountrybank.com
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Alloy Steel International, Inc. (AYSI) Reports Results for Fiscal 2010
Alloy Steel International, Inc. reported large year-over-year increases in revenues and pre-tax income for the fourth quarter of fiscal 2010 as well as the full year. The company attributed the improvements to strong demand for the company’s products.
Alloy Steel International, Inc. reported revenues of $8.8 million in the quarter ending September 30, 2010, compared to revenues of $4.2 million in the same period of 2009. The company’s revenues for fiscal 2010 came in at $24.5 million, triple the $8.8 million in revenues reported in 2009.
Alloy Steel International, Inc. reported pretax income of $2.7 million, or $0.16 per common share, in the fourth quarter of 2010, compared with pretax income of $0.5 million, or $0.03 per common share, in the corresponding period of 2009.
In fiscal 2010, Alloy Steel International, Inc. reported pretax income of $7.3 million, or $0.42 per common share. The company reported pretax income of only $60,000 in fiscal 2009.
Alloy Steel International, Inc. said that the company started up a second mill to manufacture its Arcoplate product in fiscal 2009. The company recently increased the efficiency of this mill, which allowed a substantial increase in productive capacity.
For more information on the company, go to www.alloysteel.net
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Alloy Steel International, Inc. reported revenues of $8.8 million in the quarter ending September 30, 2010, compared to revenues of $4.2 million in the same period of 2009. The company’s revenues for fiscal 2010 came in at $24.5 million, triple the $8.8 million in revenues reported in 2009.
Alloy Steel International, Inc. reported pretax income of $2.7 million, or $0.16 per common share, in the fourth quarter of 2010, compared with pretax income of $0.5 million, or $0.03 per common share, in the corresponding period of 2009.
In fiscal 2010, Alloy Steel International, Inc. reported pretax income of $7.3 million, or $0.42 per common share. The company reported pretax income of only $60,000 in fiscal 2009.
Alloy Steel International, Inc. said that the company started up a second mill to manufacture its Arcoplate product in fiscal 2009. The company recently increased the efficiency of this mill, which allowed a substantial increase in productive capacity.
For more information on the company, go to www.alloysteel.net
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Sinovac Biotech Ltd. (SVA) Files Applications for Vaccine Clinical Trials with Chinese State Food Drug Administration
Sinovac Biotech Ltd. is a China-based biopharmaceutical company that focuses on the research, development, manufacture and commercialization of vaccines that protect against human infectious diseases. Diseases currently targeted include pneumonia, H1N1, bird flu, enterovirus, encephalitis, rabies, meningitis and others.
The company announced today the submission of applications to commence human clinical trials for its 23-valent and 24-valent pneumococcal polysaccharides vaccines (PPV) to the Chinese State Food Drug Administration. The preclinical studies were completed and showed good safety and efficacy profile in animal models.
The current available 23-valent PPV has shown good protection effects after launching into the Chinese market. But due to the different epidemic characteristics of pneumococcal dieseases in China, Sinovac also developed the 24-valent PPV to cover one more type of pneumococcus, which is one of the top three most prevalent pneumococcus bacteria in China. It therefore has the potential to provide more extensive vaccine protection to the Chinese population.
Sinovac independently developed the vaccines and will retain full commercialization rights to the vaccine upon approval. The supplied quantity of PPV has doubled in China over the past three years. This demonstrates the increasing demand in China for these type of vaccines. The gap between supply and demand for PPV is still quite extensive, which bodes well for Sinovac’s future profitability.
For further information on Sinovac Biotech, please visit the company’s website at www.sinovac.com
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The company announced today the submission of applications to commence human clinical trials for its 23-valent and 24-valent pneumococcal polysaccharides vaccines (PPV) to the Chinese State Food Drug Administration. The preclinical studies were completed and showed good safety and efficacy profile in animal models.
The current available 23-valent PPV has shown good protection effects after launching into the Chinese market. But due to the different epidemic characteristics of pneumococcal dieseases in China, Sinovac also developed the 24-valent PPV to cover one more type of pneumococcus, which is one of the top three most prevalent pneumococcus bacteria in China. It therefore has the potential to provide more extensive vaccine protection to the Chinese population.
Sinovac independently developed the vaccines and will retain full commercialization rights to the vaccine upon approval. The supplied quantity of PPV has doubled in China over the past three years. This demonstrates the increasing demand in China for these type of vaccines. The gap between supply and demand for PPV is still quite extensive, which bodes well for Sinovac’s future profitability.
For further information on Sinovac Biotech, please visit the company’s website at www.sinovac.com
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National Automation Services, Inc. (NASV.PK) Bases Company on Detailed Code of Business Conduct
In the same way that National Automation Services has expressed a very specific strategy for becoming the automation system and control industry leader through partnerships, internal growth, and accretive acquisitions, the company has formulated a comprehensive operational code as a foundation for implementing that strategy. According to Bob Chance, CEO, it is the company’s duty to provide exceptional results and standards to all customers, shareholders, suppliers, and fellow employees, something that can be achieved only by upholding a set of core values defined by an official Code of Business Conduct.
This Code, summarized below, is meant as a guide underpinning the overall success of NAS, but could easily act as a template for any company, in or out of the automation and controls industry.
• Problem Reporting and Resolution
If employees have knowledge of any activity that is or might be a violation of the company’s standards of business conduct, they must report that activity promptly to their supervisor or management.
• Conflict of Interest
All employees must conduct themselves with the highest standards of integrity, honesty, and fairness, to avoid any conflict between their personal interests and the interests of the company.
• Giving/Receiving Gifts & Gratuities, Bribery and Corruption
National Automation, and its employees and supporting representatives, must conduct business with all customers, subcontractors, suppliers, distributors, and others, on the basis of service, quality, performance, and price, without giving or accepting anything of value that could influence or appear to influence the outcome of a transaction.
• Accurate Books and Records
To maintain the highest of ethical standards, no false, misleading, or artificial entries may be made in the books and records of the company.
• Company Resources and Product Integrity
Company resources, and the property and technology of customers, subcontractors, and suppliers (including technical data, patents, software, and materials), may not be taken, used, altered, or destroyed, without proper authorization.
• Protecting Trade Secrets and Intellectual Property
Information that is not public, whether it is sensitive NAS information, sensitive information received from a third party, or government classified information, may not be disclosed except as authorized.
• Insider Trading
As a publicly traded company, National Automation must abide by all securities laws, including those that make it illegal for those with “inside information” to buy or sell securities (stocks, bonds, options, etc.).
• Individual Respect and Concern
National Automation will not tolerate discrimination, harassment, or physical or verbal threats, all of which deny employees the opportunity to contribute to the best of their abilities and deprive the company of their full talents.
For more information on NAS, see the company’s website at www.NASAutomation.com
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This Code, summarized below, is meant as a guide underpinning the overall success of NAS, but could easily act as a template for any company, in or out of the automation and controls industry.
• Problem Reporting and Resolution
If employees have knowledge of any activity that is or might be a violation of the company’s standards of business conduct, they must report that activity promptly to their supervisor or management.
• Conflict of Interest
All employees must conduct themselves with the highest standards of integrity, honesty, and fairness, to avoid any conflict between their personal interests and the interests of the company.
• Giving/Receiving Gifts & Gratuities, Bribery and Corruption
National Automation, and its employees and supporting representatives, must conduct business with all customers, subcontractors, suppliers, distributors, and others, on the basis of service, quality, performance, and price, without giving or accepting anything of value that could influence or appear to influence the outcome of a transaction.
• Accurate Books and Records
To maintain the highest of ethical standards, no false, misleading, or artificial entries may be made in the books and records of the company.
• Company Resources and Product Integrity
Company resources, and the property and technology of customers, subcontractors, and suppliers (including technical data, patents, software, and materials), may not be taken, used, altered, or destroyed, without proper authorization.
• Protecting Trade Secrets and Intellectual Property
Information that is not public, whether it is sensitive NAS information, sensitive information received from a third party, or government classified information, may not be disclosed except as authorized.
• Insider Trading
As a publicly traded company, National Automation must abide by all securities laws, including those that make it illegal for those with “inside information” to buy or sell securities (stocks, bonds, options, etc.).
• Individual Respect and Concern
National Automation will not tolerate discrimination, harassment, or physical or verbal threats, all of which deny employees the opportunity to contribute to the best of their abilities and deprive the company of their full talents.
For more information on NAS, see the company’s website at www.NASAutomation.com
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Highway Holdings Ltd. (HIHO) Posts Solid Q3 Results Fueled by Strong Sales
Highway Holdings Ltd., a producer of various electronic products for blue chip original equipment manufacturers, today reported solid results for its third fiscal quarter and nine months ended December 31, 2010, driven by continued sales momentum and increased profitability.
The company reported a 59 percent increase in net income for the fiscal 2011 third quarter to $407,000, or $0.11 per diluted share, from $256,000, or $0.07 per diluted share, in the third quarter of 2009. Net sales for the same period increased 51.4 percent to $9.0 million from $5.9 million a year ago.
For the nine-month period of fiscal 2011, net income more than tripled to $861,000, or $0.23 per diluted share, from $259,000, or $0.07 per diluted share, a year earlier. Net sales for the nine months ended December 31, 2010, increased 48 percent to $23.3 million from $15.8 million in the comparable period a year earlier.
“Results for the quarter reflect the benefits of an improving business environment, as our major customers have become more confident in the sustainability of the global economic recovery and have increased their production orders,” Roland Kohl, chairman, president and CEO of Highway Holdings stated in the press release.
Gross profit for the nine-month period ended December 31, 2010, was 20.5 percent compared with 20.9 percent for the year prior, reflecting higher labor costs, higher raw material costs and the overtime charges incurred to accommodate the manufacture of the protective phone cases. Because of the substantial increase in net sales, the company reported operating income for the third quarter at $481,000 compared to $306,000 in the prior year; nine-month operating income in 2010 increased to a profit of $951,000 from a loss of $33,000 in 2009.
Selling, general and administrative expenses increased by $341,000 for the fiscal third quarter and $502,000 for the nine-month period, impacted by increased salaries and higher levels of manpower.
The company increased its cash and restricted cash position to $8.2 million from $7.1 million at December 31, 2010, or $2.18 per share.
For more information visit www.highwayholdings.com
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The company reported a 59 percent increase in net income for the fiscal 2011 third quarter to $407,000, or $0.11 per diluted share, from $256,000, or $0.07 per diluted share, in the third quarter of 2009. Net sales for the same period increased 51.4 percent to $9.0 million from $5.9 million a year ago.
For the nine-month period of fiscal 2011, net income more than tripled to $861,000, or $0.23 per diluted share, from $259,000, or $0.07 per diluted share, a year earlier. Net sales for the nine months ended December 31, 2010, increased 48 percent to $23.3 million from $15.8 million in the comparable period a year earlier.
“Results for the quarter reflect the benefits of an improving business environment, as our major customers have become more confident in the sustainability of the global economic recovery and have increased their production orders,” Roland Kohl, chairman, president and CEO of Highway Holdings stated in the press release.
Gross profit for the nine-month period ended December 31, 2010, was 20.5 percent compared with 20.9 percent for the year prior, reflecting higher labor costs, higher raw material costs and the overtime charges incurred to accommodate the manufacture of the protective phone cases. Because of the substantial increase in net sales, the company reported operating income for the third quarter at $481,000 compared to $306,000 in the prior year; nine-month operating income in 2010 increased to a profit of $951,000 from a loss of $33,000 in 2009.
Selling, general and administrative expenses increased by $341,000 for the fiscal third quarter and $502,000 for the nine-month period, impacted by increased salaries and higher levels of manpower.
The company increased its cash and restricted cash position to $8.2 million from $7.1 million at December 31, 2010, or $2.18 per share.
For more information visit www.highwayholdings.com
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Beyond Commerce, Inc. (BYOC.OB) is “One to Watch”
Beyond Commerce, Inc. is a new media company in the ad networking, online advertising, lead generation, eCommerce, and local advertising marketplace. The Company provides best in class products, services, and solutions while being a low cost provider in their market sector. In addition, they are also a significant equity owner of Kaching Kaching, Inc. (KCKC.OB).
The Company is a multi-faceted media hub for high traffic web properties. They own and operate synergistic, profitable companies in ad networking and vertically focused customer acquisition and eCommerce platforms. Their goal is to provide premium research and referral data as well as eCommerce opportunities for consumers in communities that they own, operate, or represent through their advertising reach.
Beyond Commerce, Inc. has a mix of vertically focused brands, eCommerce websites, and branded communities. The Company is able to build relationships with their audiences, while providing their clients with an avenue of distribution for their products and services.
The Company’s audience consists of 22 million registered users, 700 affiliates, and 350 retail clients in six major industries. Their audience encompasses sales leads for debt companies, auto warranty companies, auto dealers, banks, and insurance companies.
One of Beyond Commerce, Inc.’s companies is AdJuice. AdJuice is an action advertising network. It combines original and exclusively-sourced campaigns, premier payouts, and premier accountability.
Today, Beyond Commerce, Inc. announced the launch of a new Daily Deal eCommerce website, www.pricecrusher.com. This website will offer one daily deal via their website each day. Each item will sell to customers at deeply discounted prices. The daily deals offered will be from all major product categories.
To grow their customer base across the web, Pricecrusher.com will offer a paid referral program. Each daily deal will only be available while supplies last. A PriceCrusher app for iPhone and Android are also in development.
“Pricecrusher.com will do exactly that, crush prices,” said Beyond Commerce CEO, Mr. Robert McNulty. “Consumers are looking for value when they make a purchase and pricecrusher.com will offer only the best name brand merchandise at prices below our competition”.
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The Company is a multi-faceted media hub for high traffic web properties. They own and operate synergistic, profitable companies in ad networking and vertically focused customer acquisition and eCommerce platforms. Their goal is to provide premium research and referral data as well as eCommerce opportunities for consumers in communities that they own, operate, or represent through their advertising reach.
Beyond Commerce, Inc. has a mix of vertically focused brands, eCommerce websites, and branded communities. The Company is able to build relationships with their audiences, while providing their clients with an avenue of distribution for their products and services.
The Company’s audience consists of 22 million registered users, 700 affiliates, and 350 retail clients in six major industries. Their audience encompasses sales leads for debt companies, auto warranty companies, auto dealers, banks, and insurance companies.
One of Beyond Commerce, Inc.’s companies is AdJuice. AdJuice is an action advertising network. It combines original and exclusively-sourced campaigns, premier payouts, and premier accountability.
Today, Beyond Commerce, Inc. announced the launch of a new Daily Deal eCommerce website, www.pricecrusher.com. This website will offer one daily deal via their website each day. Each item will sell to customers at deeply discounted prices. The daily deals offered will be from all major product categories.
To grow their customer base across the web, Pricecrusher.com will offer a paid referral program. Each daily deal will only be available while supplies last. A PriceCrusher app for iPhone and Android are also in development.
“Pricecrusher.com will do exactly that, crush prices,” said Beyond Commerce CEO, Mr. Robert McNulty. “Consumers are looking for value when they make a purchase and pricecrusher.com will offer only the best name brand merchandise at prices below our competition”.
About QualityStocks:
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Revolutions Medical Corp. (RMCP.OB) Defines New Gold Standard in Prefilled Safety Syringe Technology
Revolutions Medical, www.revolutionsmedical.com – the leading developers of safety-engineered medical devices like the RevVac™ Safety Syringe, as well as revolutionary medical software tools like the RevColor™, RevDisplay™ and Rev3D™ imaging platforms, reported a breakthrough today, advancing the state of automatic retractable prefilled safety syringe technology to the next level.
CEO of RMCP, Ron Wheet, explained that the Company, building upon its established proficiency in automatic prefilled syringes, has extended its proprietary vacuum-based technology with what he considers an unparalleled offering that will define a new gold standard in safety syringes.
The new enhancements will provide a degree of blanket protection against needle stick injury that crushes all competitors within the industry and is destined to set RMCP up as a provider of choice in prefilled syringes.
With some 50 drugs currently being administered via prefilled syringes, a $45B combined market in 2007 alone – the potential market capitalization for this breakthrough technology is quite impressive and should spell substantial returns for RMCP shareholders in 2011.
Wheet emphasized the elegant yet robust vacuum design which boasts a very few number of parts and the extended shelf life of the product, driving the superiority of the product home by citing the categorically lower price point than any competing technology on the market.
With plans to file more patents shortly in order to shore up this lucrative advancement, RMCP is rapidly positioning to compete at the forefront of the prefilled syringe market and is acting to fulfill the potential for extensive partnerships with pharmaceutical companies based on the technology.
The capacity exists here for pharmaceutical companies to offer a vastly superior and eminently safer product to their customers and to do so at a significantly reduced cost, great news for pharmaceutical companies who have already discovered the benefits of prefilled syringes.
From the drastically improved marketability to healthcare workers and reduced dosage waste, to the extremely attractive ability for patients to self administer doses easily in the comfort of their own homes, the prefilled safety syringe has many benefits which make the market incredibly dynamic.
Such powerful organic drivers have spelled massive growth for the prefilled market and projections indicate global manufacture of some 3B+ prefilled syringes in 2011.
On schedule to ship an initial order of 3ml RevVac fixed needle safety syringes this April and a subsequent order of 1ml RevVac’s in July via its fully-equipped Chinese manufacturer, RMCP anticipates final production samples and taking of its first orders by the middle of March.
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CEO of RMCP, Ron Wheet, explained that the Company, building upon its established proficiency in automatic prefilled syringes, has extended its proprietary vacuum-based technology with what he considers an unparalleled offering that will define a new gold standard in safety syringes.
The new enhancements will provide a degree of blanket protection against needle stick injury that crushes all competitors within the industry and is destined to set RMCP up as a provider of choice in prefilled syringes.
With some 50 drugs currently being administered via prefilled syringes, a $45B combined market in 2007 alone – the potential market capitalization for this breakthrough technology is quite impressive and should spell substantial returns for RMCP shareholders in 2011.
Wheet emphasized the elegant yet robust vacuum design which boasts a very few number of parts and the extended shelf life of the product, driving the superiority of the product home by citing the categorically lower price point than any competing technology on the market.
With plans to file more patents shortly in order to shore up this lucrative advancement, RMCP is rapidly positioning to compete at the forefront of the prefilled syringe market and is acting to fulfill the potential for extensive partnerships with pharmaceutical companies based on the technology.
The capacity exists here for pharmaceutical companies to offer a vastly superior and eminently safer product to their customers and to do so at a significantly reduced cost, great news for pharmaceutical companies who have already discovered the benefits of prefilled syringes.
From the drastically improved marketability to healthcare workers and reduced dosage waste, to the extremely attractive ability for patients to self administer doses easily in the comfort of their own homes, the prefilled safety syringe has many benefits which make the market incredibly dynamic.
Such powerful organic drivers have spelled massive growth for the prefilled market and projections indicate global manufacture of some 3B+ prefilled syringes in 2011.
On schedule to ship an initial order of 3ml RevVac fixed needle safety syringes this April and a subsequent order of 1ml RevVac’s in July via its fully-equipped Chinese manufacturer, RMCP anticipates final production samples and taking of its first orders by the middle of March.
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Friday, January 28, 2011
Fiscal Third Quarter Revenue of $95.6 Million Reported by Cirrus Logic Inc. (CRUS)
Cirrus Logic Inc. develops high-precision analog and digital signal processing components for a broad range of customers. Building on its diverse analog and signal-processing patent portfolio, the company delivers highly optimized products for a variety of audio and energy-related applications.
The company announced yesterday its financial results for the third quarter of fiscal year 2011, which ended on December 25, 2010. Revenue for the quarter was $95.6 million, up 47 percent from the same quarter a year ago and down five percent sequentially from the previous quarter. Revenue from portable audio products exceeded the company’s expectations, helping to drive the growth as compared to a year ago.
Cirrus Logic also issued guidance for the fourth quarter of its fiscal year which ends March 26, 2011. The company expects revenues in the quarter to be in the range between $88 million and $94 million. In addition, it expects gross margins between 54 percent and 56 percent. This figure is right in line with its performance over the past year.
In looking at the fourth quarter and the next fiscal year, Cirrus Logic is optimistic. The company believes it will continue to grow revenue at a faster rate than the semiconductor industry as a whole. The CEO of Cirrus Logic, Jason Rhode, said, “With the production ramps continuing this next year in portable audio, new design wins in other audio markets, and ongoing design activity with our strategic energy initiatives, we are very excited about the opportunities ahead.”
For more information on Cirrus Logic, please visit the company’s website at www.cirrus.com
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The company announced yesterday its financial results for the third quarter of fiscal year 2011, which ended on December 25, 2010. Revenue for the quarter was $95.6 million, up 47 percent from the same quarter a year ago and down five percent sequentially from the previous quarter. Revenue from portable audio products exceeded the company’s expectations, helping to drive the growth as compared to a year ago.
Cirrus Logic also issued guidance for the fourth quarter of its fiscal year which ends March 26, 2011. The company expects revenues in the quarter to be in the range between $88 million and $94 million. In addition, it expects gross margins between 54 percent and 56 percent. This figure is right in line with its performance over the past year.
In looking at the fourth quarter and the next fiscal year, Cirrus Logic is optimistic. The company believes it will continue to grow revenue at a faster rate than the semiconductor industry as a whole. The CEO of Cirrus Logic, Jason Rhode, said, “With the production ramps continuing this next year in portable audio, new design wins in other audio markets, and ongoing design activity with our strategic energy initiatives, we are very excited about the opportunities ahead.”
For more information on Cirrus Logic, please visit the company’s website at www.cirrus.com
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Arctic Cat, Inc. (ACAT) Posts Strong Q3, FY 2011 Results on Increased Domestic and International Sales
Arctic Cat Inc., developer, manufacturer and marketer of all-terrain vehicles (ATVs) and related gear and accessories, today posted its third quarter and year-to-date financial results.
The company reported net earnings of $9.3 million, or $0.50 per diluted share, on net sales of $152.0 million for the fiscal 2011 third quarter ended December 31, 2010. Net earnings for the 2009 third quarter were reported at $2.6 million, or $0.14 per diluted share, on net sales of $131.0 million.
For the nine-month period ended December 31, 2010, Arctic Cat’s net earnings were $22.6 million, or $1.22 per diluted share, on net sales of $391.2 million, as compared to net earnings of $11.4 million, or $0.63 per diluted share, on net sales of $366.7 million for the nine months ended December 31, 2009.
Arctic Cat president and CEO Claude Jordan attributed the increased figures to several variables.
“We are very pleased with the company’s strong third-quarter and year-to-date performance. Our results were fueled by higher sales across all product lines, including double-digit gains in our snowmobile business. The combination of increased volume, product mix, product cost-reduction efforts, higher selling prices and a continued focus on efficiency led to another quarter of significantly improved gross margins and profitability,” Jordan stated in the press release.
Arctic Cat highlighted the following financial achievements for the 2011 third quarter and year-to-date financial results versus the comparable periods last year:
• Gross margins improved 430 basis points in the quarter and 370 basis points year to date;
• Operating profit for the quarter rose to $12.2 million from $0.6 million, and year to date increased to $32.7 million from $13.9 million;
• Factory inventory declined 27 percent to $77.2 million from $106.3 million;
• Total cash and short-term investments rose to $107.1 million from $50.4 million; and
• The company has no short- or long-term debt.
Snowmobile sales took the lead in both North American sales, as well as international sales, growing 33 percent to $77.8 million in the third quarter compared to $58.7 million in the prior-year quarter, and increasing 15 percent to $186.5 million versus $162.3 million in the same period last year.
All-terrain vehicle (ATV) sales rose 1 percent to $48.6 million in the third quarter versus $48.2 million in the prior-year quarter; year-to-date ATV sales were up 1 percent to $133.0 million compared to $132.1 million in the first nine months of fiscal 2010.
Sales of parts, garments and accessories (PG&A) in the third quarter grew 6 percent to $25.6 million versus $24.2 million in the prior-year quarter, while year-to-date PG&A sales totaled $71.7 million, down 1 percent from $72.3 million in the year-ago period.
Based on the solid results, Jordan said the company is confident it is on track to deliver improved operating results, increased profitability, and enhanced shareholder value. The company is raising and narrowing its estimated full-year earnings for the current fiscal year ending March 31, 2011, forecasting fiscal 2011 earnings in the range of $0.57 to $0.65 per diluted share. The company’s previous guidance anticipated fiscal 2011 earnings of $0.40 to $0.55 per diluted share. The company maintains its guidance for 2011 net sales at $453 million to $463 million.
For more information visit www.arcticcat.com
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The company reported net earnings of $9.3 million, or $0.50 per diluted share, on net sales of $152.0 million for the fiscal 2011 third quarter ended December 31, 2010. Net earnings for the 2009 third quarter were reported at $2.6 million, or $0.14 per diluted share, on net sales of $131.0 million.
For the nine-month period ended December 31, 2010, Arctic Cat’s net earnings were $22.6 million, or $1.22 per diluted share, on net sales of $391.2 million, as compared to net earnings of $11.4 million, or $0.63 per diluted share, on net sales of $366.7 million for the nine months ended December 31, 2009.
Arctic Cat president and CEO Claude Jordan attributed the increased figures to several variables.
“We are very pleased with the company’s strong third-quarter and year-to-date performance. Our results were fueled by higher sales across all product lines, including double-digit gains in our snowmobile business. The combination of increased volume, product mix, product cost-reduction efforts, higher selling prices and a continued focus on efficiency led to another quarter of significantly improved gross margins and profitability,” Jordan stated in the press release.
Arctic Cat highlighted the following financial achievements for the 2011 third quarter and year-to-date financial results versus the comparable periods last year:
• Gross margins improved 430 basis points in the quarter and 370 basis points year to date;
• Operating profit for the quarter rose to $12.2 million from $0.6 million, and year to date increased to $32.7 million from $13.9 million;
• Factory inventory declined 27 percent to $77.2 million from $106.3 million;
• Total cash and short-term investments rose to $107.1 million from $50.4 million; and
• The company has no short- or long-term debt.
Snowmobile sales took the lead in both North American sales, as well as international sales, growing 33 percent to $77.8 million in the third quarter compared to $58.7 million in the prior-year quarter, and increasing 15 percent to $186.5 million versus $162.3 million in the same period last year.
All-terrain vehicle (ATV) sales rose 1 percent to $48.6 million in the third quarter versus $48.2 million in the prior-year quarter; year-to-date ATV sales were up 1 percent to $133.0 million compared to $132.1 million in the first nine months of fiscal 2010.
Sales of parts, garments and accessories (PG&A) in the third quarter grew 6 percent to $25.6 million versus $24.2 million in the prior-year quarter, while year-to-date PG&A sales totaled $71.7 million, down 1 percent from $72.3 million in the year-ago period.
Based on the solid results, Jordan said the company is confident it is on track to deliver improved operating results, increased profitability, and enhanced shareholder value. The company is raising and narrowing its estimated full-year earnings for the current fiscal year ending March 31, 2011, forecasting fiscal 2011 earnings in the range of $0.57 to $0.65 per diluted share. The company’s previous guidance anticipated fiscal 2011 earnings of $0.40 to $0.55 per diluted share. The company maintains its guidance for 2011 net sales at $453 million to $463 million.
For more information visit www.arcticcat.com
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Li3 Energy (LIEG.OB) Completes Brine Sampling, Confirming Previous Tests and Suggesting Promising Potential
Li3 Energy Inc., an early stage company pursuing business strategy in lithium mining and energy, today announced it has completed its initial brine sampling program at the Maricunga Project in northern Chile.
Out of the 104 samples the company collected, partial results from 28 samples have been received, with values of up to 1.4 g/l lithium and 10.3 g/l potassium; average values from the samples grade 0.90 g/l lithium and 6.69 g/l potassium, which the company says are superior to many other comparable projects in Argentina.
The remainder of the results are expected soon, and Tom Currin, chief operating officer of Li3 Energy, said the current results support previous sampling and that the full results will validate the project as a promising strategy.
“These partial results tend to confirm the results of the 2007 shallow well sampling program and the historical sampling work performed by CORFO (the Chilean Economic Development Agency). We believe that the final full results will verify that the Maricunga Project is indeed a world class lithium brine property,” Currin stated in the press release.
In December 2010, Li3 Energy signed a non-binding exclusive letter of intent with a group of private companies to acquire 60 percent ownership of the companies, in which they would collectively own the Maricunga Project. Per the agreement, Li3 Energy will pay $6 million and issue a number of shares of Li3 common stock to the companies equal to 30 percent of the outstanding Li3 Energy stock on a post-transaction basis.
The Maricunga acquisition is still subject to satisfactory completion of due diligence, financing of the cash purchase price and work commitment by Li3; the letter will expire on February 28, 2011, if the acquisition has not been completed, unless the parties agree to an extension.
For more information visit www.li3energy.com
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Out of the 104 samples the company collected, partial results from 28 samples have been received, with values of up to 1.4 g/l lithium and 10.3 g/l potassium; average values from the samples grade 0.90 g/l lithium and 6.69 g/l potassium, which the company says are superior to many other comparable projects in Argentina.
The remainder of the results are expected soon, and Tom Currin, chief operating officer of Li3 Energy, said the current results support previous sampling and that the full results will validate the project as a promising strategy.
“These partial results tend to confirm the results of the 2007 shallow well sampling program and the historical sampling work performed by CORFO (the Chilean Economic Development Agency). We believe that the final full results will verify that the Maricunga Project is indeed a world class lithium brine property,” Currin stated in the press release.
In December 2010, Li3 Energy signed a non-binding exclusive letter of intent with a group of private companies to acquire 60 percent ownership of the companies, in which they would collectively own the Maricunga Project. Per the agreement, Li3 Energy will pay $6 million and issue a number of shares of Li3 common stock to the companies equal to 30 percent of the outstanding Li3 Energy stock on a post-transaction basis.
The Maricunga acquisition is still subject to satisfactory completion of due diligence, financing of the cash purchase price and work commitment by Li3; the letter will expire on February 28, 2011, if the acquisition has not been completed, unless the parties agree to an extension.
For more information visit www.li3energy.com
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R.G. Barry Corp. (DFZ) Finalizes Foot Petals Purchase
R.G. Barry, www.rgbarry.com – the powerhouse developer/marketer of a wide variety of accessories footwear from slippers to active fashion, reported completion today of the Company’s purchase of Long Beach, California-based premium insole and footwear comfort solutions company, Foot Petals, LLC., which will henceforth be operated as a subsidiary.
Foot Petals has been developing premium foot care and comfort solutions since its inception a decade ago and has an exceptional array of over 20 unique products, accessories and kits to address common comfort and other problems.
Foot Petals is widely known as an innovator and leader in premium insoles, especially for fashionable shoes and has developed into a very strong organically driven market cemented into place by widespread distribution via top-tier retailers like Nordstrom and Dillard’s among others.
President and CEO of DFZ, Greg Tunney, underscored the synergistic parallels between the product offerings, customer bases and core values of each company, calling the acquisition a key element of DFZ’s long-term growth strategy.
Tunney also emphasized the popularity of the brand in general and nature of the market in specific, citing dynamic swathes the brand has cut through targeted consumer groups and the stellar management team behind it all.
President and founder of Foot Petals, Tina Aldatz, has rapidly built up a successful category-leading business model with excellent traction and returns in just a decade, and this purchase by DFZ is the culmination of that effort.
Aldatz, a young and aggressive pioneer who saw the gap in the market for comfort insoles designed for stylish high heel shoes, called the purchase a pivotal moment in the brand’s evolution and welcome to opportunity to use DFZ’s capacity to grow the brand substantially.
As an incredibly important new part of the R.G. Barry organization, Foot Petals will continue to focus on growing the brand through innovation and the offering of more comprehensive comfort solutions, something both companies share and were founded on.
Senior VP Finance and CFO at DFZ, Jose Ibarra, explained that the $14M cash purchase fell well within the projected acquisition filter and that Foot Petal’s positive cash flow would be “immediately accretive to earnings”.
Ibarra furthered his analysis, saying that the Foot Petals brand indicated significant growth potential and that he anticipates the brand growing into an important component of DFZ’s total business.
An upcoming discussion of the Foot Petals purchase is scheduled to take place next month, Feb. 8, at the quarterly earnings teleconference/webcast (9 a.m. EST).
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Foot Petals has been developing premium foot care and comfort solutions since its inception a decade ago and has an exceptional array of over 20 unique products, accessories and kits to address common comfort and other problems.
Foot Petals is widely known as an innovator and leader in premium insoles, especially for fashionable shoes and has developed into a very strong organically driven market cemented into place by widespread distribution via top-tier retailers like Nordstrom and Dillard’s among others.
President and CEO of DFZ, Greg Tunney, underscored the synergistic parallels between the product offerings, customer bases and core values of each company, calling the acquisition a key element of DFZ’s long-term growth strategy.
Tunney also emphasized the popularity of the brand in general and nature of the market in specific, citing dynamic swathes the brand has cut through targeted consumer groups and the stellar management team behind it all.
President and founder of Foot Petals, Tina Aldatz, has rapidly built up a successful category-leading business model with excellent traction and returns in just a decade, and this purchase by DFZ is the culmination of that effort.
Aldatz, a young and aggressive pioneer who saw the gap in the market for comfort insoles designed for stylish high heel shoes, called the purchase a pivotal moment in the brand’s evolution and welcome to opportunity to use DFZ’s capacity to grow the brand substantially.
As an incredibly important new part of the R.G. Barry organization, Foot Petals will continue to focus on growing the brand through innovation and the offering of more comprehensive comfort solutions, something both companies share and were founded on.
Senior VP Finance and CFO at DFZ, Jose Ibarra, explained that the $14M cash purchase fell well within the projected acquisition filter and that Foot Petal’s positive cash flow would be “immediately accretive to earnings”.
Ibarra furthered his analysis, saying that the Foot Petals brand indicated significant growth potential and that he anticipates the brand growing into an important component of DFZ’s total business.
An upcoming discussion of the Foot Petals purchase is scheduled to take place next month, Feb. 8, at the quarterly earnings teleconference/webcast (9 a.m. EST).
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Gold & Silver Prices Ignore the News
As the U.S. National Debt approaches $15 trillion, roughly $60,000 for every man, woman, and child in the country, with the federal government apparently unwilling or unable to do much about it other than wait for an improving economy, the natural assumption would be that gold and silver prices in U.S. dollars would point no place but up.
And America’s ongoing economic crisis is not the only fuel available for powering the price of precious metals. Although glimmers of hope are making the news, the continuing housing crisis, increasing political unrest in North Africa, and terrorist attacks in Russia, would seem certain to prevent any meaningful retreat in the price of such historic hedges.
Yet none of this has been enough to prevent gold from falling $107 so far in 2011, with silver down a full 13% since the start of the new year. Even when Moody’s came out with a warning that it may issue a negative outlook on U.S. debt within the next two years, precious metals simply yawned, an event made more surprising by the fact that Standard & Poor’s just downgraded Japan’s rating, its first hit in 8 years.
Part of gold’s drop can be traced to technical factors, with hedgers selling when gold was no longer needed to protect expired option positions. But traders could easily hasten a fall if approaching support levels are breeched. The current psychological level is $1,300.
There’s little doubt, however, that demand for gold and silver is out there. Retail buyers are active, and could become major drivers if bottoming prices or news events stir sideliners to action. The reaction could be particularly strong for silver, where supplies are still tight.
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And America’s ongoing economic crisis is not the only fuel available for powering the price of precious metals. Although glimmers of hope are making the news, the continuing housing crisis, increasing political unrest in North Africa, and terrorist attacks in Russia, would seem certain to prevent any meaningful retreat in the price of such historic hedges.
Yet none of this has been enough to prevent gold from falling $107 so far in 2011, with silver down a full 13% since the start of the new year. Even when Moody’s came out with a warning that it may issue a negative outlook on U.S. debt within the next two years, precious metals simply yawned, an event made more surprising by the fact that Standard & Poor’s just downgraded Japan’s rating, its first hit in 8 years.
Part of gold’s drop can be traced to technical factors, with hedgers selling when gold was no longer needed to protect expired option positions. But traders could easily hasten a fall if approaching support levels are breeched. The current psychological level is $1,300.
There’s little doubt, however, that demand for gold and silver is out there. Retail buyers are active, and could become major drivers if bottoming prices or news events stir sideliners to action. The reaction could be particularly strong for silver, where supplies are still tight.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Simulated Environment Concepts, Inc. (SMEV.PK) to Boost Shareholder Value and Confidence with 1st Quarter Study
Simulated Environment Concepts (SE Concepts), the manufacturer and developer of medical, aesthetic, weight loss and wellness equipment, announced this afternoon that it’s planning to conduct a perception study as a continued effort to provide greater transparency while maintaining open lines of communication.
“We are looking to give shareholders the opportunity to offer our management constructive feedback so that we may outperform all expectations as we continue building our company and brand,” stated Dr. Ella Frenkel, President & CEO of SE Concepts. “We encourage all persons who have taken an interest in SE Concepts and the SpaCapsule to become an active participant in all of our events, including this survey, by registering to receive company updates.”
“By opting in, we will be able to send interested persons company updates, investor kits and other periodic information, as well as include them in communications such as this quarterly perception study,” Dr. Frenkel concluded.
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“We are looking to give shareholders the opportunity to offer our management constructive feedback so that we may outperform all expectations as we continue building our company and brand,” stated Dr. Ella Frenkel, President & CEO of SE Concepts. “We encourage all persons who have taken an interest in SE Concepts and the SpaCapsule to become an active participant in all of our events, including this survey, by registering to receive company updates.”
“By opting in, we will be able to send interested persons company updates, investor kits and other periodic information, as well as include them in communications such as this quarterly perception study,” Dr. Frenkel concluded.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Keryx Biopharmaceuticals, Inc. (KERX) – Two Promising Phase III Compounds
The inherent nature of the biotechnology space causes the underlying stocks to be extremely volatile. Clinical trial data, interim clinical data, FDA rulings, third party medical opinion voiced in industry journals are but a handful of catalysts that can impact a biotechnology’s stock price in either direction. Because biotechnology investors are so heavily focused on milestones and catalysts, the interim time periods between them often results in depressed stock prices. That said, the selling pressure created from these impatient investors can often prove to be a blessing for those with patience.
Keryx Biopharmaceuticals is a company that is experiencing just such an interim period or “lull” between significant milestones. The next significant milestone (Phase III data in colorectal cancer) is likely in the second half of this year. There is, however, a major “X” factor in the Keryx story which could catalyze the stock and leave those investors flatfooted who were hoping to get involved closer to the milestone date. The company has publicly stated that they are having discussions with potential partners for both of their compounds, Perifosine and Zerenex. Although there is certainly no guarantee that a deal will be struck, such a partnership could be inked and announced at any time. We see it happen in the market all the time. Moreover, with the “patent cliff” big pharma is experiencing, the motivation to replenish pipelines has never been greater. In the next 5 years, the industry will see big pharma losing tens of billions of dollars in annual revenue to patent expiration of major drugs. Pfizer (NYSE: PFE), for example, stands to lose the $12 billion in annual sales from its blockbuster cholesterol drug, Lipitor, as it will go generic in November of this year. Lipitor is well known to be the single biggest selling drug in pharmaceutical history.
Keryx Biopharmaceuticals has two late-stage drug candidates, Perifosine and Zerenex, both of which are in Phase 3 trials conducted under Special Protocol Assessments by the FDA. An “SPA” is a declaration from the FDA that a proposed Phase III trial’s design, clinical endpoints, and statistical analyses are acceptable for FDA approval.
Perifosine
Primarily indicated for both metastatic colorectal cancer and multiple myeloma, Perifosine is a novel, potentially first-in-class, oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase (PI3K) pathway, and also affects a number of other key signal transduction pathways, including the JNK pathway, all of which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. The drug is being evaluated as a potential mechanism to overcome treatment resistance in both metastatic colorectal cancer as well as relapsed and/or refractory multiple myeloma patients. Keryx has received “Fast Track” designations from the FDA for both indications.
Perifosine is currently in Phase 3 clinical trials for metastatic colorectal cancer and multiple myeloma, with metastatic colorectal expected to be the first to complete in the second half of 2011. The Phase 2 randomized study in metastatic colorectal demonstrated a statistically-significant survival advantage over the control group, a very important and uncommon feat in the Phase 2 setting.
Keryx is looking toward other cancer indications for Perifosine as well. At the 52nd Annual Meeting of the American Society of Hematology in early December 2010, the Company unveiled interim data from separate Perifosine studies. In two Phase 2 studies, Perifosine achieved objective responses and a high rate of stable disease as a single-agent in the treatment of Chronic Lymphocytic Leukemia (CLL), and in combination with sorafenib in the treatment of relapsed/refractory Hodgkin’s Lymphoma (HL).
Zerenex
Keryx is also developing ZerenexTM (ferric citrate), an oral, ferric iron-based compound that has the capacity to bind to phosphate and form non-absorbable complexes. The Phase 3 clinical program of Zerenex in the treatment for hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease on dialysis is being conducted pursuant to an SPA agreement with the FDA.
In November of last year, Keryx reported highly positive short-term Phase 3 results for Zerenex, meeting both primary and secondary endpoints. There is currently a long-term (58-week) Phase 3 study under way. Keryx also has a Japanese partnership with JT Torii which can potentially yield Keryx over $100 million in milestones and royalties. Phase 3 trials in Japan by JT Torii are pending commencement, at which time Keryx will receive a milestone payment. This could serve as a positive validating catalyst for the program.
Hyperphosphatemia is associated with the development of cardiovascular disease and is believed to be involved in approximately 50% of the deaths amongst dialysis patients. Between the US and the EU, there are approximately 700,000 dialysis patients, over 90% of whom develop Hyperphosphatemia. In 2010, phosphate binders generated $1.5 billion in worldwide sales. Genzyme’s RenvelaÒ dominates the market with just under a 50% market share. The balance of the market share is mostly owned by PhosLoÒ and FosrenolÒ which are marketed by Fresenius Medical Care (NYSE: FMS) and Shire Pharmaceuticals (NASDAQ: SHPGY), respectively.
What competitive advantage does Zerenex offer over the 3 other binders? Plenty… for starters, Zerenex has a lower pill burden than Renvela. Patients on Renvela need to take, on average, 10 pills per day, whereas patients on Zerenex should only require 5 to 6. Generally speaking, patient compliance (taking their pills) is a major issue amongst indications that have higher pill burdens. Fosrenol is a lanthanum-based binder and can lead to metal accumulation in the body and negative gastrointestinal side effects. PhosLo is calcium-based and can result in longer-term calcium build-up in patients. Zerenex is ferric citrate and as such, it does not lead to elevated calcium levels, and appears to have a very favorable safety profile. Zerenex also treats Metabolic Acidosis, a condition resulting in a low blood pH when kidneys are ineffective in removing enough acid from the body. Lastly, the use of Zerenex, an iron-based compound, may lower the need for patients to be treated with intravenous iron and/or erythropoiesis-stimulating agents (ESAs), a potentially huge advantage over the other 3 binders.
Keryx commands a $243 million market cap. With a current stock price of about $4.00, the stock is 40% off of its 52 week high of $6.67. There are 5 Wall Street firms that have research opinions on the stock and all have the stock as a BUY recommendation. Stifel Nicolaus holds the most conservative price target of $8.00 whereas ROTH Capital has a $10.00 price target. If biotechnology stock activity is any indication, KERX could move higher as it gets closer to revealing Phase III trial data on Perifosine and Zerenex later this year. However, if the company lands a strategic pharma partner resulting from interest in either or both of their compounds, KERX stock could achieve Wall Street firm price targets faster than the street anticipates.
More information on Keryx can be found on the Company’s website at www.keryx.com
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Keryx Biopharmaceuticals is a company that is experiencing just such an interim period or “lull” between significant milestones. The next significant milestone (Phase III data in colorectal cancer) is likely in the second half of this year. There is, however, a major “X” factor in the Keryx story which could catalyze the stock and leave those investors flatfooted who were hoping to get involved closer to the milestone date. The company has publicly stated that they are having discussions with potential partners for both of their compounds, Perifosine and Zerenex. Although there is certainly no guarantee that a deal will be struck, such a partnership could be inked and announced at any time. We see it happen in the market all the time. Moreover, with the “patent cliff” big pharma is experiencing, the motivation to replenish pipelines has never been greater. In the next 5 years, the industry will see big pharma losing tens of billions of dollars in annual revenue to patent expiration of major drugs. Pfizer (NYSE: PFE), for example, stands to lose the $12 billion in annual sales from its blockbuster cholesterol drug, Lipitor, as it will go generic in November of this year. Lipitor is well known to be the single biggest selling drug in pharmaceutical history.
Keryx Biopharmaceuticals has two late-stage drug candidates, Perifosine and Zerenex, both of which are in Phase 3 trials conducted under Special Protocol Assessments by the FDA. An “SPA” is a declaration from the FDA that a proposed Phase III trial’s design, clinical endpoints, and statistical analyses are acceptable for FDA approval.
Perifosine
Primarily indicated for both metastatic colorectal cancer and multiple myeloma, Perifosine is a novel, potentially first-in-class, oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase (PI3K) pathway, and also affects a number of other key signal transduction pathways, including the JNK pathway, all of which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. The drug is being evaluated as a potential mechanism to overcome treatment resistance in both metastatic colorectal cancer as well as relapsed and/or refractory multiple myeloma patients. Keryx has received “Fast Track” designations from the FDA for both indications.
Perifosine is currently in Phase 3 clinical trials for metastatic colorectal cancer and multiple myeloma, with metastatic colorectal expected to be the first to complete in the second half of 2011. The Phase 2 randomized study in metastatic colorectal demonstrated a statistically-significant survival advantage over the control group, a very important and uncommon feat in the Phase 2 setting.
Keryx is looking toward other cancer indications for Perifosine as well. At the 52nd Annual Meeting of the American Society of Hematology in early December 2010, the Company unveiled interim data from separate Perifosine studies. In two Phase 2 studies, Perifosine achieved objective responses and a high rate of stable disease as a single-agent in the treatment of Chronic Lymphocytic Leukemia (CLL), and in combination with sorafenib in the treatment of relapsed/refractory Hodgkin’s Lymphoma (HL).
Zerenex
Keryx is also developing ZerenexTM (ferric citrate), an oral, ferric iron-based compound that has the capacity to bind to phosphate and form non-absorbable complexes. The Phase 3 clinical program of Zerenex in the treatment for hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease on dialysis is being conducted pursuant to an SPA agreement with the FDA.
In November of last year, Keryx reported highly positive short-term Phase 3 results for Zerenex, meeting both primary and secondary endpoints. There is currently a long-term (58-week) Phase 3 study under way. Keryx also has a Japanese partnership with JT Torii which can potentially yield Keryx over $100 million in milestones and royalties. Phase 3 trials in Japan by JT Torii are pending commencement, at which time Keryx will receive a milestone payment. This could serve as a positive validating catalyst for the program.
Hyperphosphatemia is associated with the development of cardiovascular disease and is believed to be involved in approximately 50% of the deaths amongst dialysis patients. Between the US and the EU, there are approximately 700,000 dialysis patients, over 90% of whom develop Hyperphosphatemia. In 2010, phosphate binders generated $1.5 billion in worldwide sales. Genzyme’s RenvelaÒ dominates the market with just under a 50% market share. The balance of the market share is mostly owned by PhosLoÒ and FosrenolÒ which are marketed by Fresenius Medical Care (NYSE: FMS) and Shire Pharmaceuticals (NASDAQ: SHPGY), respectively.
What competitive advantage does Zerenex offer over the 3 other binders? Plenty… for starters, Zerenex has a lower pill burden than Renvela. Patients on Renvela need to take, on average, 10 pills per day, whereas patients on Zerenex should only require 5 to 6. Generally speaking, patient compliance (taking their pills) is a major issue amongst indications that have higher pill burdens. Fosrenol is a lanthanum-based binder and can lead to metal accumulation in the body and negative gastrointestinal side effects. PhosLo is calcium-based and can result in longer-term calcium build-up in patients. Zerenex is ferric citrate and as such, it does not lead to elevated calcium levels, and appears to have a very favorable safety profile. Zerenex also treats Metabolic Acidosis, a condition resulting in a low blood pH when kidneys are ineffective in removing enough acid from the body. Lastly, the use of Zerenex, an iron-based compound, may lower the need for patients to be treated with intravenous iron and/or erythropoiesis-stimulating agents (ESAs), a potentially huge advantage over the other 3 binders.
Keryx commands a $243 million market cap. With a current stock price of about $4.00, the stock is 40% off of its 52 week high of $6.67. There are 5 Wall Street firms that have research opinions on the stock and all have the stock as a BUY recommendation. Stifel Nicolaus holds the most conservative price target of $8.00 whereas ROTH Capital has a $10.00 price target. If biotechnology stock activity is any indication, KERX could move higher as it gets closer to revealing Phase III trial data on Perifosine and Zerenex later this year. However, if the company lands a strategic pharma partner resulting from interest in either or both of their compounds, KERX stock could achieve Wall Street firm price targets faster than the street anticipates.
More information on Keryx can be found on the Company’s website at www.keryx.com
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Atna Resources Ltd. (ATNAF) Provides Update on Mining Program in California
Atna Resources Ltd. issued an operational update on its mining activities in the United States, where the company is active in developing a gold operation in California.
Atna Resources Ltd. has started an exploration program at the Briggs Mine, located in Inyo County, California. The purpose of the program is to more properly define the gold bearing formation at the project site.
Atna Resources Ltd. said that the program will involve up to 30,000 feet of reverse circulation rotary drilling. The company hopes to determine the potential gold reserves in the BSU, Argonaut and Main Briggs pits.
Atna Resources Ltd. will also conduct infill drilling at the North Main Briggs pit in an attempt to convert inferred mineral reserves to the proven and/or probable category. The company will also investigate a deeper resource zone at the Briggs mine to determine its mineral resource potential.
Atna Resources Ltd. reported that the Briggs Mine produced more than 25,000 ounces of gold in 2010, generating $30 million in revenues for the company.
Atna Resources Ltd. has exploratory and developed mining properties in many areas of the United States and Canada. The company reported total proved and probable reserves of 406,000 ounces of gold.
For more information on the company, go to www.atna.com
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Atna Resources Ltd. has started an exploration program at the Briggs Mine, located in Inyo County, California. The purpose of the program is to more properly define the gold bearing formation at the project site.
Atna Resources Ltd. said that the program will involve up to 30,000 feet of reverse circulation rotary drilling. The company hopes to determine the potential gold reserves in the BSU, Argonaut and Main Briggs pits.
Atna Resources Ltd. will also conduct infill drilling at the North Main Briggs pit in an attempt to convert inferred mineral reserves to the proven and/or probable category. The company will also investigate a deeper resource zone at the Briggs mine to determine its mineral resource potential.
Atna Resources Ltd. reported that the Briggs Mine produced more than 25,000 ounces of gold in 2010, generating $30 million in revenues for the company.
Atna Resources Ltd. has exploratory and developed mining properties in many areas of the United States and Canada. The company reported total proved and probable reserves of 406,000 ounces of gold.
For more information on the company, go to www.atna.com
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Capstone Industries Inc. (CHDO.OB) Receives Large Order for Motion-Sensor Light Products
CHDT Corp. released news today that its wholly owned subsidiary, Capstone Industries, Inc., has received an order from a major regional mass merchandiser for the company’s C-Lite wireless motion sensor light and the Midi Eco-i-Lite multi-functional power failure products. Hitting the stores in late February, the products will be prominently displayed on endcaps.
Reid Goldstein, President of Capstone Industries, remarked, “The placement of two of our newest items into another one of our retail partners continues to build a solid foundation for our Company’s continued revenue growth. This 1st quarter is shaping up to be our best one to date.”
The C-Lite is battery operated and can easily be installed on the ceiling or wall. The wireless motion sensor light automatically turns on when movement is detected. Users choose how long the motion sensor light stays on after movement is detected, or it can be set for 60 seconds, 90 seconds or as long as 120 seconds. Besides the motion sensor mode, the function switch gives the option of having it also in the Light position, which means the light remains on continuously. Popular uses for the device include using it as a bedside motion sensor light or an under-the-bed motion sensor light.
Alternatively, the Midi Eco-i-Lite is a medium-sized multi-function power failure light and uses a rechargeable lithium-ion battery as its power source. The device includes 4 LED bulbs and an LED nightlight that turns on automatically in the dark. Environmentally friendly, the product requires no battery or bulb change; it has no metal contacts, is water resistant, and simply slides in and out of its induction-charging base. This lightweight and compact light is convenient for every room in the house, large marine craft, recreational vehicles, or planes with 120V.
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Reid Goldstein, President of Capstone Industries, remarked, “The placement of two of our newest items into another one of our retail partners continues to build a solid foundation for our Company’s continued revenue growth. This 1st quarter is shaping up to be our best one to date.”
The C-Lite is battery operated and can easily be installed on the ceiling or wall. The wireless motion sensor light automatically turns on when movement is detected. Users choose how long the motion sensor light stays on after movement is detected, or it can be set for 60 seconds, 90 seconds or as long as 120 seconds. Besides the motion sensor mode, the function switch gives the option of having it also in the Light position, which means the light remains on continuously. Popular uses for the device include using it as a bedside motion sensor light or an under-the-bed motion sensor light.
Alternatively, the Midi Eco-i-Lite is a medium-sized multi-function power failure light and uses a rechargeable lithium-ion battery as its power source. The device includes 4 LED bulbs and an LED nightlight that turns on automatically in the dark. Environmentally friendly, the product requires no battery or bulb change; it has no metal contacts, is water resistant, and simply slides in and out of its induction-charging base. This lightweight and compact light is convenient for every room in the house, large marine craft, recreational vehicles, or planes with 120V.
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Diamondhead Casino Corp. (DHCC.OB) Agrees to Extend LOI Entered into with Phoenix Gaming and Entertainment, LLC
Yesterday, Diamondhead Casino Corp. announced that they agreed to extend a Letter of Intent (LOI) entered into with Phoenix Gaming and Entertainment, LLC (Phoenix) for sixty days.
Diamondhead Casino Corp. owns, via their wholly-owned subsidiary, Mississippi Gaming Corporation, approximately 404 acres of land in Diamondhead, Mississippi. The property is lien-free and debt-free and the zoning is for a casino as well as other commercial uses. The property fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately two miles.
Diamondhead Casino Corp. (DHCC) entered into an LOI with Phoenix on December 10, 2010. Under the LOI’s terms, Phoenix proposes to purchase 25 acres of land for $1 million per acre to be used, in part, for the construction of a casino. DHCC has agreed to give Phoenix an additional 15 acres of land to be used for the construction of roadways and right-of-way requirements, greenery, buffering, on-site mitigation and/or the footprint for a possible parking garage.
DHCC retains the right to construct their own casino on the remaining land. However, Phoenix gets the right of first refusal with respect to any additional, future gaming development by other parties on the property. The LOI is a non-binding agreement and unless and until DHCC and Phoenix sign a Definitive Agreement, the relationship between the parties will be non-exclusive and DHCC shall be free to continue discussions with other interested parties.
The Letter of Intent was originally scheduled to terminate automatically on January 31, 2011, if no Definitive Agreement was in place. The parties have agreed to extend this termination date to April 1, 2011. DHCC remains in discussions with other parties with respect to the remainder of the property.
Phoenix Gaming and Entertainment, LLC was originally founded by Edward M. Tracy, now President and Chief Operating Officer of Sands China Ltd. Phoenix operations are now managed by James Ahearn, who serves as Chairman and Chief Executive Officer of the Company and David Jonas, who serves as President and Chief Operating Officer of the Company.
Mr. Jonas recently served as Chief Operating Officer of Philadelphia Park Casino and previously served as regional President in charge of Harrah’s four Atlantic City casinos (Caesars, Harrah’s, Bally’s, and Showboat).
Speaking on behalf of Phoenix, Mr. Jonas stated, “We are very excited about the Diamondhead project and the potential revenue it can generate because of its location on a major interstate highway. This is a unique opportunity because approximately 18 million vehicles pass the site annually, an attribute which other competing casinos in the area simply do not enjoy.”
Diamondhead Casino Corporation has their headquarters in Largo, Florida.
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Diamondhead Casino Corp. owns, via their wholly-owned subsidiary, Mississippi Gaming Corporation, approximately 404 acres of land in Diamondhead, Mississippi. The property is lien-free and debt-free and the zoning is for a casino as well as other commercial uses. The property fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately two miles.
Diamondhead Casino Corp. (DHCC) entered into an LOI with Phoenix on December 10, 2010. Under the LOI’s terms, Phoenix proposes to purchase 25 acres of land for $1 million per acre to be used, in part, for the construction of a casino. DHCC has agreed to give Phoenix an additional 15 acres of land to be used for the construction of roadways and right-of-way requirements, greenery, buffering, on-site mitigation and/or the footprint for a possible parking garage.
DHCC retains the right to construct their own casino on the remaining land. However, Phoenix gets the right of first refusal with respect to any additional, future gaming development by other parties on the property. The LOI is a non-binding agreement and unless and until DHCC and Phoenix sign a Definitive Agreement, the relationship between the parties will be non-exclusive and DHCC shall be free to continue discussions with other interested parties.
The Letter of Intent was originally scheduled to terminate automatically on January 31, 2011, if no Definitive Agreement was in place. The parties have agreed to extend this termination date to April 1, 2011. DHCC remains in discussions with other parties with respect to the remainder of the property.
Phoenix Gaming and Entertainment, LLC was originally founded by Edward M. Tracy, now President and Chief Operating Officer of Sands China Ltd. Phoenix operations are now managed by James Ahearn, who serves as Chairman and Chief Executive Officer of the Company and David Jonas, who serves as President and Chief Operating Officer of the Company.
Mr. Jonas recently served as Chief Operating Officer of Philadelphia Park Casino and previously served as regional President in charge of Harrah’s four Atlantic City casinos (Caesars, Harrah’s, Bally’s, and Showboat).
Speaking on behalf of Phoenix, Mr. Jonas stated, “We are very excited about the Diamondhead project and the potential revenue it can generate because of its location on a major interstate highway. This is a unique opportunity because approximately 18 million vehicles pass the site annually, an attribute which other competing casinos in the area simply do not enjoy.”
Diamondhead Casino Corporation has their headquarters in Largo, Florida.
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Beacon Enterprise Solutions Group, Inc. (BEAC.OB) Expands Relationship with Fortune 100 Client
Yesterday, Beacon Enterprise Solutions Group, Inc. announced that a new contract between Beacon and a Fortune 100 pharmaceutical client has been executed. Under the contract, Beacon has agreed to perform IT services as part of a prototype engagement at four of the Fortune 100 Company’s locations in Europe (for an approximate value of $140,000).
Beacon Enterprise designs, implements and manages IT (Information Technology) systems and offers fully integrated turnkey IT solutions. Beacon is able to service large companies on a global level by outsourcing, reducing costs while optimizing their IT services for internationally based clients. Beacon’s main headquarters are in Louisville, Kentucky, and has regional headquarters in Ireland, Prague, and the Czech Republic, with personnel in both the U.S. and Europe.
The Fortune 100 client that Beacon is working with has utilized Beacon’s services since 2001 to create a standardized IT system through their facilities, which number in the hundreds globally. The new agreement sees Beacon providing services for assessment, design and engineering, and construction administration for the client’s enterprise communication system. Upon completion, Beacon will finish with a series of closeout services, which include ongoing quality assurance, network diagrams and necessary solution documentation.
“I am extremely proud of our Engineering and Service Delivery teams who continue to deliver best-in-class ITS solutions to this global client,” stated Bruce Widener, CEO of Beacon. “We have been working on a project basis with this client for ten years now. The significance of this new business speaks to the strength of the Beacon business model and the value we bring to global enterprise clients. Under this new engagement, the client will be utilizing Beacon as an extension of their internal corporate team with a very specific role of instituting and maintaining ITS infrastructure standards across multi-continent locations. These strategic client relationships, in addition to the strategic marketing relationships with companies like IBM, SAIC and CommScope, provide Beacon with the opportunity to reach our organic growth objectives for 2011 and beyond.”
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Beacon Enterprise designs, implements and manages IT (Information Technology) systems and offers fully integrated turnkey IT solutions. Beacon is able to service large companies on a global level by outsourcing, reducing costs while optimizing their IT services for internationally based clients. Beacon’s main headquarters are in Louisville, Kentucky, and has regional headquarters in Ireland, Prague, and the Czech Republic, with personnel in both the U.S. and Europe.
The Fortune 100 client that Beacon is working with has utilized Beacon’s services since 2001 to create a standardized IT system through their facilities, which number in the hundreds globally. The new agreement sees Beacon providing services for assessment, design and engineering, and construction administration for the client’s enterprise communication system. Upon completion, Beacon will finish with a series of closeout services, which include ongoing quality assurance, network diagrams and necessary solution documentation.
“I am extremely proud of our Engineering and Service Delivery teams who continue to deliver best-in-class ITS solutions to this global client,” stated Bruce Widener, CEO of Beacon. “We have been working on a project basis with this client for ten years now. The significance of this new business speaks to the strength of the Beacon business model and the value we bring to global enterprise clients. Under this new engagement, the client will be utilizing Beacon as an extension of their internal corporate team with a very specific role of instituting and maintaining ITS infrastructure standards across multi-continent locations. These strategic client relationships, in addition to the strategic marketing relationships with companies like IBM, SAIC and CommScope, provide Beacon with the opportunity to reach our organic growth objectives for 2011 and beyond.”
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Cytosorbents Corp. (CTSO.OB) Video Chart for Friday, January 28, 2011
CTSO has been on a solid climb since we did our last video chart on the stock. However, the price per share is now pinned against resistance. Technical traders are on alert for a volume surge and the breaking of that resistance at $0.17.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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Microfluidics (MFLU.OB) Rebrands Nanoparticle Technology, Broadens Industry Application
Microfluidics, producer of the Microfluidizer nanoparticle creation technology for the pharmaceutical, biotechnology, cosmetic and nutraceutical industries, today announced it has rebranded its technology as the PureNano platform.
The PureNano platform, featuring the PureNano Continuous Crystallizer, combines a unique machine with expert process development to create smaller and more consistent particle sizes than was previously possible. PureNano has numerous applications, especially within the pharmaceutical and energy industries.
“Pharmaceutical companies are seeking solutions for continuous crystallization using high shear, and PureNano fits this trend,” Mimi Panagiotou, Ph.D., Microfluidics chief technology officer and co-creator of the technology stated in the press release. “As a platform technology, PureNano opens new avenues for improving drug bioavailability, suspension stability and actives delivery for potential breakthrough applications.”
Microfluidics president and CEO Michael C. Ferrara said that beta units are surpassing expectations of the company’s pharmaceutical customers as the technology’s full potential continues to be revealed.
“PureNano is a milestone achievement of innovation for our company and represents a revolutionary and necessary step forward in the evolution of continuous crystallization,” Ferrara stated.
The PureNano/MRT technology is a globally patent-pending technology with active filings and applications in Australia, Canada, China, Europe, India, Israel, Japan and the United States.
For more information visit http://www.microfluidicscorp.com
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The PureNano platform, featuring the PureNano Continuous Crystallizer, combines a unique machine with expert process development to create smaller and more consistent particle sizes than was previously possible. PureNano has numerous applications, especially within the pharmaceutical and energy industries.
“Pharmaceutical companies are seeking solutions for continuous crystallization using high shear, and PureNano fits this trend,” Mimi Panagiotou, Ph.D., Microfluidics chief technology officer and co-creator of the technology stated in the press release. “As a platform technology, PureNano opens new avenues for improving drug bioavailability, suspension stability and actives delivery for potential breakthrough applications.”
Microfluidics president and CEO Michael C. Ferrara said that beta units are surpassing expectations of the company’s pharmaceutical customers as the technology’s full potential continues to be revealed.
“PureNano is a milestone achievement of innovation for our company and represents a revolutionary and necessary step forward in the evolution of continuous crystallization,” Ferrara stated.
The PureNano/MRT technology is a globally patent-pending technology with active filings and applications in Australia, Canada, China, Europe, India, Israel, Japan and the United States.
For more information visit http://www.microfluidicscorp.com
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Torvec Inc. (TOVC.OB) Signs Major Contract with Renowned Mining Equipment Component Supplier
Located in Rochester, New York, Torvec has built a reputation for their development of advanced automotive and related energy saving technologies which have been both a friend of consumers and environmentalists alike. Today, Torvec took a major step towards prominence with the announcement that they have entered into a contract with Eastern Mining & Industrial Supply Inc.
Eastern Mining & Industrial Supply is a West Virginia remanufacturer focused on mining and associated industrial equipment. Eastern has agreed to develop, evaluate, manufacture and sell Torvec’s Iso Torque differential technology in mining shuttle cars.
Eastern Mining will pay Torvec $120,000 for the initial development of the Iso Torque unit for installation in a 21 SC model mining shuttle car. Upon successful completion of the prototype phase, the parties have agreed that Torvec will sell 100% of the differential requirements for all 21 SC model mining shuttle cars remanufactured by Eastern on an exclusive basis which could mean big things for Torvec and its shareholders.
One of the leaders at Torvec is Keith Gleasman. Gleasman serves as President, Chief Technology Officer and Director of Torvec and is a highly respected name in the industry. When asked what this contract means to the future of company, Gleasman was quoted as saying, “I am very excited about this opportunity. This program will allows us to demonstrate the financial and practical benefits of the IsoTorque for this industry. Our intention is to greatly enhance the safety and reliability of the 21 SC mining car.”
Eastern Mining’s VP David Mayo added, “The IsoTorque differential will allow our vehicles to maneuver more easily for safer operation. It also has the potential to prevent premature failures in the vehicle’s driveline. There are thousands of these cars used all over the world giving my company and Torvec a very unique marketing opportunity.”
To learn more about the deal with Eastern Mining or the company as a whole, visit Torvec’s company website at: www.torvec.com
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Eastern Mining & Industrial Supply is a West Virginia remanufacturer focused on mining and associated industrial equipment. Eastern has agreed to develop, evaluate, manufacture and sell Torvec’s Iso Torque differential technology in mining shuttle cars.
Eastern Mining will pay Torvec $120,000 for the initial development of the Iso Torque unit for installation in a 21 SC model mining shuttle car. Upon successful completion of the prototype phase, the parties have agreed that Torvec will sell 100% of the differential requirements for all 21 SC model mining shuttle cars remanufactured by Eastern on an exclusive basis which could mean big things for Torvec and its shareholders.
One of the leaders at Torvec is Keith Gleasman. Gleasman serves as President, Chief Technology Officer and Director of Torvec and is a highly respected name in the industry. When asked what this contract means to the future of company, Gleasman was quoted as saying, “I am very excited about this opportunity. This program will allows us to demonstrate the financial and practical benefits of the IsoTorque for this industry. Our intention is to greatly enhance the safety and reliability of the 21 SC mining car.”
Eastern Mining’s VP David Mayo added, “The IsoTorque differential will allow our vehicles to maneuver more easily for safer operation. It also has the potential to prevent premature failures in the vehicle’s driveline. There are thousands of these cars used all over the world giving my company and Torvec a very unique marketing opportunity.”
To learn more about the deal with Eastern Mining or the company as a whole, visit Torvec’s company website at: www.torvec.com
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Thursday, January 27, 2011
Points International (PTSEF.OB) Issues Business, Financial and Exchange-Related Update
Points International Ltd., owner and operator of reward program management Website Points.com, today announced a business update and issued an update for its full year 2010 financial guidance, preliminary financial guidance for 2011, and an update on the company’s previously announced share consolidation.
For the 12 months ended December 31, 2010, the company updated its guidance, stating that it anticipates revenues of approximately $95 million, which is at the high-end of the company’s previous guidance range of $85 million to $95 million, representing year-over-year anticipated revenue growth of approximately 19 percent.
Net income, which is expected to be positive on a full year basis, is forecasted to increase significantly year-over-year.
The company is initiating its financial guidance for the year ended December 31, 2011, reporting expectations of revenue in the range of $120 million to $130 million, a 26 percent to 37 percent year-over-year increase from the company’s 2010 estimated revenues of $95 million.
Points International CEO Rob MacLean said the anticipated growth is derived primarily from expansion of its core business and the establishment of new partnerships.
“Looking to 2011, we are optimistic about our prospects. In addition to expecting revenue growth of approximately 26 percent to 37 percent, we are forecasting meaningful EBITDA profitability. This profitable growth is expected to be driven primarily from the expansion of our core Loyalty Currency Services business through the addition of new partnerships as well as increased participation among our existing partnerships,” MacLean stated in the press release.
MacLean added, “Looking to the first half of 2011, our partner pipeline remains robust. We currently expect over 20 new product deployments on a white label and branded basis on the Points.com portal, which we expect to contribute to our anticipated improved results.”
The company also today announced the board-approved share consolidation of its common shares through a 1-for-10 reverse split. The share consolidation, which is subject to standard clearance by the TSX, is expected to be completed within 10 business days. Following the share consolidation, the company said it expects to have approximately 15.0 million common shares issued and outstanding.
The company has also filed an application to list its common shares on the NASDAQ Capital Market; shares of Points International will continue to be quoted on OTCBB until such time as the shares may be listed on the NASDAQ.
“Given our strong anticipated results for the 2010 fiscal year and our positive preliminary outlook for 2011, we believe we are appropriately positioned to initiate our planned share consolidation,” MacLean stated. “Effecting the share consolidation is consistent with our objective of obtaining a NASDAQ listing and increasing Points’ reach to a broader universe of institutional investors. We also believe a lower share count will better reflect our future earnings performance on a per share basis. Over the past 12 months, Points has delivered significantly strengthened financial results, characterized by sequential revenue growth, enhanced gross margins and expanded profitability. Based on our strong operational and financial performance to-date, and our preliminary performance expectations for the coming year, we are increasingly confident in our business strategy and growth prospects. We look forward to the opportunity to demonstrate our improving fundamentals to a wider audience.”
For more information visit www.pointsinternational.com
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For the 12 months ended December 31, 2010, the company updated its guidance, stating that it anticipates revenues of approximately $95 million, which is at the high-end of the company’s previous guidance range of $85 million to $95 million, representing year-over-year anticipated revenue growth of approximately 19 percent.
Net income, which is expected to be positive on a full year basis, is forecasted to increase significantly year-over-year.
The company is initiating its financial guidance for the year ended December 31, 2011, reporting expectations of revenue in the range of $120 million to $130 million, a 26 percent to 37 percent year-over-year increase from the company’s 2010 estimated revenues of $95 million.
Points International CEO Rob MacLean said the anticipated growth is derived primarily from expansion of its core business and the establishment of new partnerships.
“Looking to 2011, we are optimistic about our prospects. In addition to expecting revenue growth of approximately 26 percent to 37 percent, we are forecasting meaningful EBITDA profitability. This profitable growth is expected to be driven primarily from the expansion of our core Loyalty Currency Services business through the addition of new partnerships as well as increased participation among our existing partnerships,” MacLean stated in the press release.
MacLean added, “Looking to the first half of 2011, our partner pipeline remains robust. We currently expect over 20 new product deployments on a white label and branded basis on the Points.com portal, which we expect to contribute to our anticipated improved results.”
The company also today announced the board-approved share consolidation of its common shares through a 1-for-10 reverse split. The share consolidation, which is subject to standard clearance by the TSX, is expected to be completed within 10 business days. Following the share consolidation, the company said it expects to have approximately 15.0 million common shares issued and outstanding.
The company has also filed an application to list its common shares on the NASDAQ Capital Market; shares of Points International will continue to be quoted on OTCBB until such time as the shares may be listed on the NASDAQ.
“Given our strong anticipated results for the 2010 fiscal year and our positive preliminary outlook for 2011, we believe we are appropriately positioned to initiate our planned share consolidation,” MacLean stated. “Effecting the share consolidation is consistent with our objective of obtaining a NASDAQ listing and increasing Points’ reach to a broader universe of institutional investors. We also believe a lower share count will better reflect our future earnings performance on a per share basis. Over the past 12 months, Points has delivered significantly strengthened financial results, characterized by sequential revenue growth, enhanced gross margins and expanded profitability. Based on our strong operational and financial performance to-date, and our preliminary performance expectations for the coming year, we are increasingly confident in our business strategy and growth prospects. We look forward to the opportunity to demonstrate our improving fundamentals to a wider audience.”
For more information visit www.pointsinternational.com
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Soligenix (SNGX.OB) Inks Agreement with University of Colorado to Advance Vaccine Technology
Late-stage biopharmaceutical company Soligenix Inc. today announced it has entered into a definitive license agreement with the University of Colorado (CU) for novel technology to develop subunit vaccines with long-term stability, including stability at elevated temperatures.
Soligenix’s technology is the subject of several United States and foreign patent applications involving the use of adjuvants in combination with vaccines designed to resist thermal inactivation. The company has been developing this technology under an agreement from CU supported by a $9.4 million grant from the National Institute of Allergy and Infectious Diseases (NIAID).
The company said the license agreement expands scope for thermostable vaccines for biodefense in addition to potential vaccine indications. Soligenix’s stabilization technology is being used to advance RiVax™, its subunit vaccine against ricin toxin, as well as a subnit vaccine for anthrax prevention.
“The achievement of extended stability as well as stability under elevated temperature would represent a significant step forward in vaccine technology. These properties are not shared with conventional vaccines that require refrigeration,” Robert N. Brey, PhD, chief scientific officer of Soligenix stated in the press release. “Lack of long-term stability is a significant problem in vaccines for use in emergency situations and especially for vaccines used in the developing world where the cold storage chain is difficult to maintain. Further, this novel thermostability technology has the potential to allow us to expand our vaccine business into the development of countermeasures against other more common infectious diseases.”
Theodore Randolph, PhD, professor of Chemical and Biological Engineering at CU-Boulder, noted the importance of vaccines in the overall healthcare market, and detailed issues that the stabilization technology has the potential to address.
“Vaccines are a valuable part of our healthcare arsenal, providing great benefit per dollar spent,” Dr. Randolph stated. “Most current vaccines, however, require carefully controlled cold storage conditions to retain their potency and safety. This adds cost and greatly complicates strategies for their use, especially in public health emergencies or in developing countries. We are pleased that Soligenix has licensed our technology, which offers the potential to create vaccine formulations whose enhanced thermostability allows them to be stockpiled and delivered to patients with much less stringent temperature control requirements.”
For more information visit www.soligenix.com
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Soligenix’s technology is the subject of several United States and foreign patent applications involving the use of adjuvants in combination with vaccines designed to resist thermal inactivation. The company has been developing this technology under an agreement from CU supported by a $9.4 million grant from the National Institute of Allergy and Infectious Diseases (NIAID).
The company said the license agreement expands scope for thermostable vaccines for biodefense in addition to potential vaccine indications. Soligenix’s stabilization technology is being used to advance RiVax™, its subunit vaccine against ricin toxin, as well as a subnit vaccine for anthrax prevention.
“The achievement of extended stability as well as stability under elevated temperature would represent a significant step forward in vaccine technology. These properties are not shared with conventional vaccines that require refrigeration,” Robert N. Brey, PhD, chief scientific officer of Soligenix stated in the press release. “Lack of long-term stability is a significant problem in vaccines for use in emergency situations and especially for vaccines used in the developing world where the cold storage chain is difficult to maintain. Further, this novel thermostability technology has the potential to allow us to expand our vaccine business into the development of countermeasures against other more common infectious diseases.”
Theodore Randolph, PhD, professor of Chemical and Biological Engineering at CU-Boulder, noted the importance of vaccines in the overall healthcare market, and detailed issues that the stabilization technology has the potential to address.
“Vaccines are a valuable part of our healthcare arsenal, providing great benefit per dollar spent,” Dr. Randolph stated. “Most current vaccines, however, require carefully controlled cold storage conditions to retain their potency and safety. This adds cost and greatly complicates strategies for their use, especially in public health emergencies or in developing countries. We are pleased that Soligenix has licensed our technology, which offers the potential to create vaccine formulations whose enhanced thermostability allows them to be stockpiled and delivered to patients with much less stringent temperature control requirements.”
For more information visit www.soligenix.com
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Daulton Capital Corp. (DUCP.OB) Planning to Fast Track Ballarat Gold Property
On the north side of the Yukon River, roughly 85 air miles from Dawson City, in the gold-rich Yukon Territory of Canada, Daulton Capital Corp. holds 94 Yukon Quartz Mining Claims, Daulton’s Ballarat Project. The claims are just 3 miles southeast of Kinross’s Black Fox Property, where recent drill results have intercepted grades of 103 meters averaging 3.4 g/t of gold, and straddle Ballarat Creek, one of the main placer gold producing creeks in the area. The claims cover 19 square kilometers in what is called the White Gold District, and contain highly metamorphosed terrains that are traditionally favorable sources for placer gold. The most famous bedrock source is the Klondike schist, which outcrops to the north of the Ballarat Creek region, and near Dawson City in the production area referred to as the Klondike.
The property is known for mineral concentrates, such as red garnets, magnetite, sulphides and titanium, as well as both coarse and fine gold, the coarsest recent gold nugget being about .375 inch. Historical records have indicated that 1103 ounces of gold were recovered in 1985 from the property. According to GSC (Geological Survey of Canada) sample data, Kinross’s White Gold project’s GSC silt sample results were 12 ppb Au, whereas the Ballarat Project silt values came in at much higher with 32 ppb Au. Moreover, the high silt data found on Daulton’s Ballarat Project represent one of the highest silt sample anomalies in the area.
It’s important to note that the Klondike Gold district has recorded placer production of over 13 M oz of gold and, according to the Associated Press, “The sources of that gold were never found.” Maurice Copron of the Yukon Geological Survey says the White Gold district find could be one of those sources, and that the mother lode is still out there.
The high silt data found on its Ballarat Project have resulted in Daulton planning to “fast track” the activities on the property. According to Daulton CEO Terry Fields, “Since the discovery of Underworld’s White Gold Project and subsequent takeover by Kinross Gold Corp., the entire area is becoming the focus of international attention.”
For additional information on Daulton Capital, visit the company’s website at www.DaultonCapital.com
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The property is known for mineral concentrates, such as red garnets, magnetite, sulphides and titanium, as well as both coarse and fine gold, the coarsest recent gold nugget being about .375 inch. Historical records have indicated that 1103 ounces of gold were recovered in 1985 from the property. According to GSC (Geological Survey of Canada) sample data, Kinross’s White Gold project’s GSC silt sample results were 12 ppb Au, whereas the Ballarat Project silt values came in at much higher with 32 ppb Au. Moreover, the high silt data found on Daulton’s Ballarat Project represent one of the highest silt sample anomalies in the area.
It’s important to note that the Klondike Gold district has recorded placer production of over 13 M oz of gold and, according to the Associated Press, “The sources of that gold were never found.” Maurice Copron of the Yukon Geological Survey says the White Gold district find could be one of those sources, and that the mother lode is still out there.
The high silt data found on its Ballarat Project have resulted in Daulton planning to “fast track” the activities on the property. According to Daulton CEO Terry Fields, “Since the discovery of Underworld’s White Gold Project and subsequent takeover by Kinross Gold Corp., the entire area is becoming the focus of international attention.”
For additional information on Daulton Capital, visit the company’s website at www.DaultonCapital.com
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New Energy Systems Group (NEWN) Ramps up Product Distribution on Heavy Demand in China Market
New Energy Systems Group, a vertically integrated original design manufacturer and distributor of lithium ion batteries and mobile power systems, has expanded its product offering for China Unicom’s retail kiosks to five models sold in 39 China Unicom locations in Beijing, Changchun, Guangzhou, Harbin, Hohhot, Hulunbeier, Jinzhong and Shenyang, meeting increased demand in the Chinese market.
New Energy sells its consumer electronics mobile charging products primarily under the Anytone® brand in China. The company said the accelerating pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for the company’s products.
“We continue to see an increasing demand for our products in China and are especially delighted with the initial success of this program with China Unicom. We are excited about this opportunity because it further validates the high quality of our product offerings and provides a new distribution channel for our products,” Jack Yu, chairman of New Energy stated in the press release. “We are very pleased our distributors are now selling New Energy’s MeePower®-branded products exclusively to China Unicom’s kiosks. We believe China Unicom is the second largest mobile phone operator in China and the exclusive reseller of iPhones in China. We further believe China Unicom has an estimated 165 million mobile phone subscribers who are increasingly requiring the type of mobile power sources that New Energy manufactures,” Yu concluded.
Since late 2010, New Energy’s distributors increased sales to 39 China Unicom kiosks after a successful pilot program with three kiosks in October 2010, which initially included one MeePower® product for the iPhone 3 and 4. Strong demand for the products prompted participating distributors to expand MeePower®’s product offering to a total of five products and increased the number of China Unicom locations selling New Energy products from three to 39.
“After careful consideration, we decided to market our MeePower® brand in China through China Unicom at a premium to Anytone®-branded products sold to other retailers. This has allowed us to sell more high margin products and to have our products sold by a marquee customer like China Unicom,” Yu stated.
For more information visit www.newenergysystemsgroup.com
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New Energy sells its consumer electronics mobile charging products primarily under the Anytone® brand in China. The company said the accelerating pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for the company’s products.
“We continue to see an increasing demand for our products in China and are especially delighted with the initial success of this program with China Unicom. We are excited about this opportunity because it further validates the high quality of our product offerings and provides a new distribution channel for our products,” Jack Yu, chairman of New Energy stated in the press release. “We are very pleased our distributors are now selling New Energy’s MeePower®-branded products exclusively to China Unicom’s kiosks. We believe China Unicom is the second largest mobile phone operator in China and the exclusive reseller of iPhones in China. We further believe China Unicom has an estimated 165 million mobile phone subscribers who are increasingly requiring the type of mobile power sources that New Energy manufactures,” Yu concluded.
Since late 2010, New Energy’s distributors increased sales to 39 China Unicom kiosks after a successful pilot program with three kiosks in October 2010, which initially included one MeePower® product for the iPhone 3 and 4. Strong demand for the products prompted participating distributors to expand MeePower®’s product offering to a total of five products and increased the number of China Unicom locations selling New Energy products from three to 39.
“After careful consideration, we decided to market our MeePower® brand in China through China Unicom at a premium to Anytone®-branded products sold to other retailers. This has allowed us to sell more high margin products and to have our products sold by a marquee customer like China Unicom,” Yu stated.
For more information visit www.newenergysystemsgroup.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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BioLargo, Inc. (BLGO.OB) Forms Alliance with Kentucky Horseshoeing School
BioLargo, Inc. announced yesterday that, via their wholly owned subsidiary Odor-No-More, Inc., they have joined forces with the prestigious Kentucky Horseshoeing School (KHS) to develop and test preventative products that establish the highest “Standard of Care” for the equine industry. Focusing primarily on the foot of the animal, the teams will work together to address major concerns in hoof health.
Founded in 1978, the Kentucky Horseshoeing School has continually focused on primary and continuing education, drawing upon the best of traditional practices as well as the newest research to become the premiere farrier education center in North America. On January 4, 2010, KHS opened the doors to their new campus near Lexington, Kentucky.
In 2010, Odor-No-More was awarded two Editor’s Choice Awards, including a “Product of the Year” award, by the Horse Journal. Odor-No-More are sold by BioLargo’s wholly owned subsidiary, Odor-No-More, Inc. (www.OdorNoMore.com).
Mr. Joe Provenzano, Odor-No-More, Inc. President, stated, “The Kentucky Horseshoeing School produces some of the best farriers in the world. The technical and scientific education delivered is exceptional and we look forward to working with the staff and the students.”
Mr. Mitch Taylor, Kentucky Horseshoeing School, Director, stated, “We understand the Odor-No-More products and the BioLargo technology. BioLargo technology has a major role to play in protecting animals and the feet of an animal are especially critical for survival. At the school, we teach sound practices based on cutting edge science. That is exactly what the BioLargo technology offers… science based solutions that can easily be integrated into daily management routines, to make a real difference in the way we manage hoof health issues, safely and effectively.”
Mr. Taylor stays actively involved in all aspects of the farrier profession. He has recognition throughout the farrier industry as a top clinician and educator.
Additionally, Mr. Taylor conducts many clinics for the international farrier and veterinary community. He also volunteers extensively with the American Farriers Association, where he has served on the Board of Directors and as Education Committee Chairman. He has also served on the American Farriers Association Editorial Review Board for many years.
Mr. Taylor has hosted and instructed the “Darley Flying Start” Program as well. This is an international management-training program for potential thoroughbred industry leaders. With this program he has taught several aspects of anatomy of the leg and foot, practical foot care and shoeing, corrective farriery, and shoeing the problem horse.
BioLargo, Inc.’s business strategy is to harness and deliver Nature’s Best Solution™ – free-iodine – in a safe, efficient, environmentally sensitive, and cost-effective manner. The Company’s proprietary technology works by combining micro-nutrient salts with liquid from any source to deliver free-iodine on demand, in controlled dosages, in order to balance efficacy of performance with concerns about toxicity.
Their technology has potential commercial applications within worldwide industries. These include, but are not limited to, oil and gas, animal health, beach and soil environmental uses, consumer products, agriculture, food processing, medical, and water. The technology features solutions for odor and moisture control, disinfection, and contaminated water treatment. BioLargo’s strategic partner Ioteq IP Pty Ltd. was named a “Top 50 Water Company for the 21st Century” by The Artemis Project™. BioLargo markets Ioteq’s iodine based water disinfection technology, the Isan system.
For more information visit: www.BioLargo.com
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QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Founded in 1978, the Kentucky Horseshoeing School has continually focused on primary and continuing education, drawing upon the best of traditional practices as well as the newest research to become the premiere farrier education center in North America. On January 4, 2010, KHS opened the doors to their new campus near Lexington, Kentucky.
In 2010, Odor-No-More was awarded two Editor’s Choice Awards, including a “Product of the Year” award, by the Horse Journal. Odor-No-More are sold by BioLargo’s wholly owned subsidiary, Odor-No-More, Inc. (www.OdorNoMore.com).
Mr. Joe Provenzano, Odor-No-More, Inc. President, stated, “The Kentucky Horseshoeing School produces some of the best farriers in the world. The technical and scientific education delivered is exceptional and we look forward to working with the staff and the students.”
Mr. Mitch Taylor, Kentucky Horseshoeing School, Director, stated, “We understand the Odor-No-More products and the BioLargo technology. BioLargo technology has a major role to play in protecting animals and the feet of an animal are especially critical for survival. At the school, we teach sound practices based on cutting edge science. That is exactly what the BioLargo technology offers… science based solutions that can easily be integrated into daily management routines, to make a real difference in the way we manage hoof health issues, safely and effectively.”
Mr. Taylor stays actively involved in all aspects of the farrier profession. He has recognition throughout the farrier industry as a top clinician and educator.
Additionally, Mr. Taylor conducts many clinics for the international farrier and veterinary community. He also volunteers extensively with the American Farriers Association, where he has served on the Board of Directors and as Education Committee Chairman. He has also served on the American Farriers Association Editorial Review Board for many years.
Mr. Taylor has hosted and instructed the “Darley Flying Start” Program as well. This is an international management-training program for potential thoroughbred industry leaders. With this program he has taught several aspects of anatomy of the leg and foot, practical foot care and shoeing, corrective farriery, and shoeing the problem horse.
BioLargo, Inc.’s business strategy is to harness and deliver Nature’s Best Solution™ – free-iodine – in a safe, efficient, environmentally sensitive, and cost-effective manner. The Company’s proprietary technology works by combining micro-nutrient salts with liquid from any source to deliver free-iodine on demand, in controlled dosages, in order to balance efficacy of performance with concerns about toxicity.
Their technology has potential commercial applications within worldwide industries. These include, but are not limited to, oil and gas, animal health, beach and soil environmental uses, consumer products, agriculture, food processing, medical, and water. The technology features solutions for odor and moisture control, disinfection, and contaminated water treatment. BioLargo’s strategic partner Ioteq IP Pty Ltd. was named a “Top 50 Water Company for the 21st Century” by The Artemis Project™. BioLargo markets Ioteq’s iodine based water disinfection technology, the Isan system.
For more information visit: www.BioLargo.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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