Car Charging Group, Inc., a developmental stage company that focuses on owning, providing, and servicing electric charging service facilities for the electric vehicle (EV) automobile market, recently announced that it has completed the installation of seven EV changing station in West Palm Beach, Florida.
“We’re thrilled to be working with the city of West Palm Beach,” said Car Charging Group CEO Michael D. Farkas. “As one of the first municipalities installing EV charging stations in the state of Florida, they clearly share our passion and understand the importance of installing a national infrastructure of EV charging stations.”
Car Charging Group will install seven Level II, 240 volt, ChargePoint(R) Networked Charging stations for electric cars, manufactured by Coulomb Technologies, a leader in the electric vehicle charging solution market.
The charging stations will be located in the downtown West Palm Beach Clematis Street Garage, at 500 Banyan Blvd. Five of the seven stations will be assigned for West Palm Beach official use, including the Parking Administration and Code Enforcement departments, providing for the charging support for five new 100 percent electric Nissan LEAF automobiles purchased by the city, which are expected to arrive in December of this year. Two stations, which are located at the Clematis Street Garage, will be available for public use, free of charge.
Both EV and Nissan LEAF charging stations are funded through the U.S. Department of Energy’s Energy Efficiency and Conservation Block Grant (EECBG) program, which is designed to assist cities in carrying out strategies to reduce fossil fuel emissions and decrease energy use in the building, transportation, and other sectors.
“We’re very excited about installing these EV charging stations,” said Penni Redford, the sustainability manager for the city of West Palm Beach. “By installing charging stations, we are positioning West Palm Beach as a green leader, while simultaneously bolstering our mission to promote West Palm Beach’s thriving downtown business district.”
The city plans to analyze the data recorded on the public changing stations’ usage patterns. Data collection is enabled through the management applications of the ChargePoint(R) Network, which allows the station owners to track and report energy usage and greenhouse gas savings. With their analysis, the city will be able to decide if and when to install any additional charging stations.
For more information on the Car Charging Group, Inc., visit their website at: http://www.carcharging.com
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Tuesday, May 31, 2011
Goldrich Mining Company (GRMC) Closes Final Placement for Roughly $667k Net, Plans to Expand Gold Exploration and Production at Massive Alaskan...
Goldrich Mining Company (GRMC) Closes Final Placement for Roughly $667k Net, Plans to Expand Gold Exploration and Production at Massive Alaskan Chandalar Property
Goldrich Mining, the junior mineral development company which owns the entire 27 sq miles of the Chandalar gold district near Fairbanks Alaska (190 miles north), a world-class resource with high-grade gold veins and alluvial deposits, reported closure today of a private placement of the Company’s common stock/warrants. The company intends to use the capital infusion for exploration and development at Chandalar, as well as some general purpose expenses.
Everything went smoothly, with the placement being oversubscribed and terms being set in relation to the 20-day weighted volume average price of $0.23/share. The Company sold some 4.17M shares at $0.18 per unit, where each unit is comprised of a share of common stock and a warrant to purchase a share at $0.36 within 24 months from the day of issuance.
Thus GRMC has raked in some $750k, netting around $677k that the Company can use to address the massive amount of gold contained throughout the some 17.1k acres of mineral rights 100% owned by GRMC at the Chandalar site (23 patented Federal mining claims and 164 unpatented claims from the State of Alaska).
This is precisely the kind of jump start GRMC requires in order to aggressively pursue development at Chandalar, which has multiple promising targets, including a massive stratabound, sediment-hosted gold target (8 km by 550 m). The Company developed one of seven alluvial deposits, completing a test mine in 2009 that saw 1,500 oz Au in its first season of production in 2010.
Also among the terms of today’s reported private placement deal is a call option for GRMC whereby, in the event that the weighted volume average price of common shares exceeds $0.72 for 20 consecutive trading days, the Company may, at its sole discretion, issue written notice to warrant holders within ten business days, effectively accelerating warrant expiration date to within 20 business days after the issuance of notice. The Company has granted full resale registration rights to such investors.
Inquiring investors are encouraged to contact President, Director and CEO of GRMC, Mr. William Schara, directly via email at wschara@goldrichmining.com or, via the Company’s website at www.goldrichmining.com
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Goldrich Mining, the junior mineral development company which owns the entire 27 sq miles of the Chandalar gold district near Fairbanks Alaska (190 miles north), a world-class resource with high-grade gold veins and alluvial deposits, reported closure today of a private placement of the Company’s common stock/warrants. The company intends to use the capital infusion for exploration and development at Chandalar, as well as some general purpose expenses.
Everything went smoothly, with the placement being oversubscribed and terms being set in relation to the 20-day weighted volume average price of $0.23/share. The Company sold some 4.17M shares at $0.18 per unit, where each unit is comprised of a share of common stock and a warrant to purchase a share at $0.36 within 24 months from the day of issuance.
Thus GRMC has raked in some $750k, netting around $677k that the Company can use to address the massive amount of gold contained throughout the some 17.1k acres of mineral rights 100% owned by GRMC at the Chandalar site (23 patented Federal mining claims and 164 unpatented claims from the State of Alaska).
This is precisely the kind of jump start GRMC requires in order to aggressively pursue development at Chandalar, which has multiple promising targets, including a massive stratabound, sediment-hosted gold target (8 km by 550 m). The Company developed one of seven alluvial deposits, completing a test mine in 2009 that saw 1,500 oz Au in its first season of production in 2010.
Also among the terms of today’s reported private placement deal is a call option for GRMC whereby, in the event that the weighted volume average price of common shares exceeds $0.72 for 20 consecutive trading days, the Company may, at its sole discretion, issue written notice to warrant holders within ten business days, effectively accelerating warrant expiration date to within 20 business days after the issuance of notice. The Company has granted full resale registration rights to such investors.
Inquiring investors are encouraged to contact President, Director and CEO of GRMC, Mr. William Schara, directly via email at wschara@goldrichmining.com or, via the Company’s website at www.goldrichmining.com
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Alexza Pharmaceuticals Inc. (ALXA) Video Chart for Tuesday, May 31, 2011
ALXA has been in a solid uptrend since a large gap down last October. The stock made a nice move on Friday, capturing the attention of technical traders as the stock price moved through a near-term resistance level and could be poised to challenge old highs.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php
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Tivus, Inc. (TIVU) Commences Phase II Development in Hospitality IPTV Environment
As part of its ongoing penetration of the hospitality industry’s entertainment market, Tivus, Inc. announced recently that it has begun Phase II in its deployment of high-definition internet protocol television (HD-IPTV). The company follows a novel business model for hotel entertainment systems providers.
In March of this year, Tivus had announced what appeared to be a test installation in 300 rooms of a luxury Host Hotels & Resorts Inc. (NYSE: HST) hotel. With that deployment having gone well, the company has now placed its systems in 900 rooms.
Commented CEO and president Shiva Prakash on releasing the news, “We successfully completed testing of our ad-insertion technology in our lab — the core of our proprietary revenue sharing model… With nearly 900 rooms now live, Tivus’ inaugural installation has continued to satisfy hotel guests by creating a home-like experience; frankly, the response has exceeded our expectations.”
The company is focused on supplying hotels with entertainment profit centers beyond the staid, traditional areas of movies-on-demand as supplied by other companies. For example, one competitor, ETVi, a subsidiary of Ibahn Corporation of South Jordan, UT, offers hotels “revenue opportunity from: subscription TV channels; video & music on demand; Internet, Email & Radio on TV; business centre solutions and in-room, meeting room and public area high-speed Internet services,” according to its website. Though that description has been the prevailing business model, Tivus is torqueing up the game with a new approach.
“Another Tivus first, ad-supported IPTV allows hotels to migrate away from legacy video-on-demand systems,” said Prakash recently. “[Our] ad-supported, revenue-sharing business model capitalizes on new, fully interactive IPTV technology offering a completely interactive experience for the guest, such as ordering room or spa services, while turning the hotel’s entertainment system into a significant revenue center.”
The expanded development is a strong move for Tivus, since Host is partnered with a virtual Who’s Who list of luxury hotels worldwide and commands 62,000 rooms under its own name alone. For Tivus, which is already in a Doubletree hotel, the news is quickly generating fresh leads for the company.
CEO Prakash noted, “News of Tivus’ revenue sharing business model has traveled fast, as I have spent the last two weeks visiting certain hotel chains and properties that requested demonstrations. We are committed to our goal of providing hotel entertainment as a profit center to the world’s hospitality and gaming industries.”
The company also benefits from the quality of staff at the top. Prakash, formerly of International Business Machines (NYSE: IBM) and a veteran programmer himself, is joined by Chief Technology Officer Randall Francis. CTO Francis handled the first roll-out of on-demand video for a major supplier to Hyatt (NYSE: H), Sheraton, Regent, and other hotels in Pacific Rim countries, and is also widely experienced in other aspects of hotel servicing.
An important part of Tivus’ strategy, says its website, is its system’s ability to specifically target hotel guests with appropriate advertising. “Tivus protects, maintains, and anonymously remembers each guest’s unique settings and preferences and are securely available at any hotel property in the world with Tivus IPTV,” the site tells visitors.
As a special incentive to prospective clients, Tivus provides its HD flat-screen televisions at no cost. The Tivus IPTV system can also handle such guest benefits as scheduling shuttles, room and valet service, and even express checkout. Through the service, which is described as “fully customizable”, hotels are also able to present to guests their own marketing, such as discounts and travel packages.
With no apparent direct competition for such novel HD-IPTV service to luxury hoteliers, Tivus is well positioned for further growth.
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In March of this year, Tivus had announced what appeared to be a test installation in 300 rooms of a luxury Host Hotels & Resorts Inc. (NYSE: HST) hotel. With that deployment having gone well, the company has now placed its systems in 900 rooms.
Commented CEO and president Shiva Prakash on releasing the news, “We successfully completed testing of our ad-insertion technology in our lab — the core of our proprietary revenue sharing model… With nearly 900 rooms now live, Tivus’ inaugural installation has continued to satisfy hotel guests by creating a home-like experience; frankly, the response has exceeded our expectations.”
The company is focused on supplying hotels with entertainment profit centers beyond the staid, traditional areas of movies-on-demand as supplied by other companies. For example, one competitor, ETVi, a subsidiary of Ibahn Corporation of South Jordan, UT, offers hotels “revenue opportunity from: subscription TV channels; video & music on demand; Internet, Email & Radio on TV; business centre solutions and in-room, meeting room and public area high-speed Internet services,” according to its website. Though that description has been the prevailing business model, Tivus is torqueing up the game with a new approach.
“Another Tivus first, ad-supported IPTV allows hotels to migrate away from legacy video-on-demand systems,” said Prakash recently. “[Our] ad-supported, revenue-sharing business model capitalizes on new, fully interactive IPTV technology offering a completely interactive experience for the guest, such as ordering room or spa services, while turning the hotel’s entertainment system into a significant revenue center.”
The expanded development is a strong move for Tivus, since Host is partnered with a virtual Who’s Who list of luxury hotels worldwide and commands 62,000 rooms under its own name alone. For Tivus, which is already in a Doubletree hotel, the news is quickly generating fresh leads for the company.
CEO Prakash noted, “News of Tivus’ revenue sharing business model has traveled fast, as I have spent the last two weeks visiting certain hotel chains and properties that requested demonstrations. We are committed to our goal of providing hotel entertainment as a profit center to the world’s hospitality and gaming industries.”
The company also benefits from the quality of staff at the top. Prakash, formerly of International Business Machines (NYSE: IBM) and a veteran programmer himself, is joined by Chief Technology Officer Randall Francis. CTO Francis handled the first roll-out of on-demand video for a major supplier to Hyatt (NYSE: H), Sheraton, Regent, and other hotels in Pacific Rim countries, and is also widely experienced in other aspects of hotel servicing.
An important part of Tivus’ strategy, says its website, is its system’s ability to specifically target hotel guests with appropriate advertising. “Tivus protects, maintains, and anonymously remembers each guest’s unique settings and preferences and are securely available at any hotel property in the world with Tivus IPTV,” the site tells visitors.
As a special incentive to prospective clients, Tivus provides its HD flat-screen televisions at no cost. The Tivus IPTV system can also handle such guest benefits as scheduling shuttles, room and valet service, and even express checkout. Through the service, which is described as “fully customizable”, hotels are also able to present to guests their own marketing, such as discounts and travel packages.
With no apparent direct competition for such novel HD-IPTV service to luxury hoteliers, Tivus is well positioned for further growth.
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CDEX, Inc. (CEXI) Signs Master Distribution Agreement with Decatur Electronics
Leading chemical detection product developer, CDEX, Inc. announced that it has signed a new Master Distribution Agreement (MDA) with Decatur Electronics, Inc. to market and distribute its Pocket ID2 drug detection scanner. The agreement provides non-exclusive marketing and distribution rights to Decatur in the U.S. and worldwide markets for the Pocket ID2. Decatur has been a distribution partner with CDEX for over two years.
Decatur will market the Pocket ID2 to law enforcement agencies at federal, state and local levels, correction facilities, the Department of Defense and Homeland Security agencies in the U.S. and similar agencies internationally. The Pocket ID2 allows law enforcement officers and other agencies to carry and conceal the device easily, providing immediate access for testing. The Pocket ID2 was developed with the Company’s patented technologies that detect and verify the presence of meth at the visible and prosecutable range. Test results are instantaneous and non-destructive and can be conducted without touching or disturbing the scanned surfaces, minimizing officer exposure and preserving the integrity of the sample substance. The company is currently developing the Pocket ID2 for testing of Cocaine and other substances, which will further enhance and advance its capabilities.
“We are very excited to sign a new distribution agreement with Decatur, they have been a great partner to date and we look forward to continued success. Our new agreement provides Decatur with distribution rights worldwide for our new Pocket ID2 which is the predecessor of the ID2 Meth scanner. The Decatur sales team has tested the Pocket ID2, and the initial reaction and feedback is very favorable,” stated Jeff Brumfield, chief executive officer and chairman of CDEX. “The revised MDA has built in annual sales minimums for the first three years and every year thereafter, which reflects the confidence in our products widespread appeal. Decatur will feature the Pocket ID2 at industry tradeshows as well as their marketing collateral and promotional materials, which should bolster its recognition and approval in the market.”
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Decatur will market the Pocket ID2 to law enforcement agencies at federal, state and local levels, correction facilities, the Department of Defense and Homeland Security agencies in the U.S. and similar agencies internationally. The Pocket ID2 allows law enforcement officers and other agencies to carry and conceal the device easily, providing immediate access for testing. The Pocket ID2 was developed with the Company’s patented technologies that detect and verify the presence of meth at the visible and prosecutable range. Test results are instantaneous and non-destructive and can be conducted without touching or disturbing the scanned surfaces, minimizing officer exposure and preserving the integrity of the sample substance. The company is currently developing the Pocket ID2 for testing of Cocaine and other substances, which will further enhance and advance its capabilities.
“We are very excited to sign a new distribution agreement with Decatur, they have been a great partner to date and we look forward to continued success. Our new agreement provides Decatur with distribution rights worldwide for our new Pocket ID2 which is the predecessor of the ID2 Meth scanner. The Decatur sales team has tested the Pocket ID2, and the initial reaction and feedback is very favorable,” stated Jeff Brumfield, chief executive officer and chairman of CDEX. “The revised MDA has built in annual sales minimums for the first three years and every year thereafter, which reflects the confidence in our products widespread appeal. Decatur will feature the Pocket ID2 at industry tradeshows as well as their marketing collateral and promotional materials, which should bolster its recognition and approval in the market.”
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Artificial Life, Inc. (ALIF) Launches Mobile Games for China Mobile
Friday, Artificial Life, Inc. announced that it had signed a partnership and distribution agreement with Talkweb. Under the agreement, a selection of games for Android and Java platforms will be published and sold through an upcoming Artificial Life Brand Shop on China Mobile’s app store, Mobile Market.
Artificial Life is headquartered in Hong Kong, with offices in Japan, Germany and the United States. Artificial Life produces a number of mobile applications, from videogames to business apps. They also produce the OPUS-M platform.
China Mobile’s Mobile Market boasts 20 million users and 100 million downloads in 2010 and attributes its success to its Brand Shops which provide the applications and games the service sells. Artificial Life hopes to launch mobile apps that will allow them to gain foothold in the mobile market of Mainland China.
“We are pleased to extend our presence in China through the main app store of the world’s biggest mobile phone operator, China Mobile. We will continue to explore more distribution platforms so that our games and apps can reach even more users around the world,” said Eberhard Schoneburg, CEO of Artificial Life, Inc.
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Artificial Life is headquartered in Hong Kong, with offices in Japan, Germany and the United States. Artificial Life produces a number of mobile applications, from videogames to business apps. They also produce the OPUS-M platform.
China Mobile’s Mobile Market boasts 20 million users and 100 million downloads in 2010 and attributes its success to its Brand Shops which provide the applications and games the service sells. Artificial Life hopes to launch mobile apps that will allow them to gain foothold in the mobile market of Mainland China.
“We are pleased to extend our presence in China through the main app store of the world’s biggest mobile phone operator, China Mobile. We will continue to explore more distribution platforms so that our games and apps can reach even more users around the world,” said Eberhard Schoneburg, CEO of Artificial Life, Inc.
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AltaPacific Bancorp (ABNK) Announces Opening of New Branch
Yesterday, AltaPacific Bancorp announced the opening of a new branch in Southern California. The branch is located at 9373 Haven Avenue, Rancho Cucamonga, California 91730. AltaPacific Bancorp is the parent company of AltaPacific Bank.
AltaPacific Bancorp, on May 2, 2011, announced the hiring of Russ Scranton as a Senior Vice President and Regional Manager of the Inland Empire Region. The Company also announced the promotion of Frank Basirico to the position of President, Southern California Region.
Mr. Russ Scranton commented, “It is wonderful to once again be working with Charlie Hall, the Bank’s President and CEO, as well as members of the Board of Directors, many of whom I have known for several years.”
Mr. Scranton further stated, “Charlie has been a long time friend and former business colleague. The Board of Directors and management of AltaPacific Bank have done an excellent job in growing and developing the bank during these turbulent economic times. The bank continues to be profitable, has excellent asset quality and the capital ratios are among the highest in the state. It is quite obvious that they have implemented a very successful business plan.”
Mr. Charlie Hall added, “We are very excited to launch our expansion into the Southern California market under the leadership of Frank Basirico and Russ Scranton. These are great men who serve as excellent examples of community bankers dedicated to serving the needs of the customer.”
Mr. Hall further stated, “Russ has assembled an excellent team and I know they will all be successful in attracting new business relationships.”
AltaPacific Bancorp’s AltaPacific Bank is an independent business bank headquartered in Sonoma County. The bank focuses on meeting the specialized needs of small to medium-sized businesses and professionals. Along with their full-service banking operations, the Bank’s state-of-the-art technology enables their customers to conduct Internet based banking functions. This includes bill pay, electronic statement generation and account management tasks.
AltaPacific Bancorp has their headquarters in Santa Rosa, California.
For more information visit: www.apbconnect.com
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AltaPacific Bancorp, on May 2, 2011, announced the hiring of Russ Scranton as a Senior Vice President and Regional Manager of the Inland Empire Region. The Company also announced the promotion of Frank Basirico to the position of President, Southern California Region.
Mr. Russ Scranton commented, “It is wonderful to once again be working with Charlie Hall, the Bank’s President and CEO, as well as members of the Board of Directors, many of whom I have known for several years.”
Mr. Scranton further stated, “Charlie has been a long time friend and former business colleague. The Board of Directors and management of AltaPacific Bank have done an excellent job in growing and developing the bank during these turbulent economic times. The bank continues to be profitable, has excellent asset quality and the capital ratios are among the highest in the state. It is quite obvious that they have implemented a very successful business plan.”
Mr. Charlie Hall added, “We are very excited to launch our expansion into the Southern California market under the leadership of Frank Basirico and Russ Scranton. These are great men who serve as excellent examples of community bankers dedicated to serving the needs of the customer.”
Mr. Hall further stated, “Russ has assembled an excellent team and I know they will all be successful in attracting new business relationships.”
AltaPacific Bancorp’s AltaPacific Bank is an independent business bank headquartered in Sonoma County. The bank focuses on meeting the specialized needs of small to medium-sized businesses and professionals. Along with their full-service banking operations, the Bank’s state-of-the-art technology enables their customers to conduct Internet based banking functions. This includes bill pay, electronic statement generation and account management tasks.
AltaPacific Bancorp has their headquarters in Santa Rosa, California.
For more information visit: www.apbconnect.com
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China Real Estate Information Corp. (CRIC) Reports Results for the First Quarter of 2011
China Real Estate Information Corp. reported financial results and an operational update for the first quarter of 2011. The company also provided an updated business outlook for the current quarter.
China Real Estate Information reported sales of $42.0 million in the first quarter of 2011, compared to sales of $27.2 million in the same quarter of 2010. This represented an increase of 55% on a year over year basis. The reported sales also exceeded the company’s first quarter sales guidance range of $39 million to $41 million.
The management of China Real Estate Information attributed the large year over year increase in sales to strong results in the Online Services segment, where the company gained market share in many different cities during the quarter.
China Real Estate Information estimates that the company’s sales for the second quarter of 2011 will range from $52 million to $54 million. The company reported sales of $37.4 million in the second quarter of 2010.
China Real Estate Information continued its stock buyback program during the quarter and reported the purchase of two million of the company’s American Depository Share (ADS) at an average price of $7.86 each.
For more information on the company, go to www.cric.com
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China Real Estate Information reported sales of $42.0 million in the first quarter of 2011, compared to sales of $27.2 million in the same quarter of 2010. This represented an increase of 55% on a year over year basis. The reported sales also exceeded the company’s first quarter sales guidance range of $39 million to $41 million.
The management of China Real Estate Information attributed the large year over year increase in sales to strong results in the Online Services segment, where the company gained market share in many different cities during the quarter.
China Real Estate Information estimates that the company’s sales for the second quarter of 2011 will range from $52 million to $54 million. The company reported sales of $37.4 million in the second quarter of 2010.
China Real Estate Information continued its stock buyback program during the quarter and reported the purchase of two million of the company’s American Depository Share (ADS) at an average price of $7.86 each.
For more information on the company, go to www.cric.com
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On Track Innovations (OTIV) Increases Expansion with $6 Million Order
While only established in 1990, On Track Innovations has quickly evolved into a global leader in contactless smart card solutions for homeland security, payments, electronic passports, national IDs, petroleum payments and other applications. Today, OTI took another step forward with the announcement that they have received a $6 million order in support of the next stage expansion of a national ID program.
OTI’s secured ID solution is a state-of-the-art product because it supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area’s communication infrastructure. This user-friendly solution is designed to provide maximum accuracy and security.
This announcement displays the continued success of OTI. Last year, the young company started on its path to becoming a global power when it successfully supplied its end-to-end turnkey solution based on its proprietary state-of-the-art, field-proven eID Magna platform in support of the nationwide infrastructure setup.
Leading the way at OTI is Oded Bashan whom serves as the company’s Chairman and CEO. Bashan was quoted as saying, “We are proud to be the technology and implementation partner of our governmental client’s national ID system. The level of professionalism and execution capabilities demonstrated by the government has been second to none. Together, we were able to meet the strict implementation timeline, allowing for the continuation of the project.”
To learn more about this story and the company as a whole, visit their corporate website at: www.otiglobal.com.
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OTI’s secured ID solution is a state-of-the-art product because it supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area’s communication infrastructure. This user-friendly solution is designed to provide maximum accuracy and security.
This announcement displays the continued success of OTI. Last year, the young company started on its path to becoming a global power when it successfully supplied its end-to-end turnkey solution based on its proprietary state-of-the-art, field-proven eID Magna platform in support of the nationwide infrastructure setup.
Leading the way at OTI is Oded Bashan whom serves as the company’s Chairman and CEO. Bashan was quoted as saying, “We are proud to be the technology and implementation partner of our governmental client’s national ID system. The level of professionalism and execution capabilities demonstrated by the government has been second to none. Together, we were able to meet the strict implementation timeline, allowing for the continuation of the project.”
To learn more about this story and the company as a whole, visit their corporate website at: www.otiglobal.com.
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CryoPort, Inc. (CYRX) Adds New Member to Board of Directors
CryoPort, Inc. has developed an innovative, proprietary transport and packaging system focused on providing a solution that replaces dry ice for the frozen shipping market in the growing global life science industry. Its products have a 10+ day holding time and use “green” materials. The company’s goal is to become an essential component of the global logistical infrastructure required for the testing, research and end-user delivery of temperature-sensitive medicines and biomaterials.
The company today announced that it has named Karen M. Muller to its Board of Directors. Ms. Muller is a corporate attorney with more than 25 years of experience as both a company executive and legal counsel. She will serve as an independent director, giving CryoPort three independent directors.
Ms. Muller currently has a private practice with clients in the healthcare, pharmaceutical and medical device industries. She recently served as a director and consultant to Naturade, a leading nutrition and nutraceutical company.
Previously, she was chief administrative officer and general counsel of Epoch Networks. While at Epoch, Ms. Muller helped complete the restructuring and sale of Epoch’s internet service provider (ISP) business, the largest privately-held ISP in the country.
Prior to joining Epoch, she was a managing director with Lehman Brothers, heading the corporate counsel department. Earlier, Ms. Muller was an associate at the Wall Street law firm Cahill, Gordon & Reindel, where she worked on corporate finance and mergers and acquisitions.
For further information about CryoPort, please visit the company’s website at www.cryoport.com
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The company today announced that it has named Karen M. Muller to its Board of Directors. Ms. Muller is a corporate attorney with more than 25 years of experience as both a company executive and legal counsel. She will serve as an independent director, giving CryoPort three independent directors.
Ms. Muller currently has a private practice with clients in the healthcare, pharmaceutical and medical device industries. She recently served as a director and consultant to Naturade, a leading nutrition and nutraceutical company.
Previously, she was chief administrative officer and general counsel of Epoch Networks. While at Epoch, Ms. Muller helped complete the restructuring and sale of Epoch’s internet service provider (ISP) business, the largest privately-held ISP in the country.
Prior to joining Epoch, she was a managing director with Lehman Brothers, heading the corporate counsel department. Earlier, Ms. Muller was an associate at the Wall Street law firm Cahill, Gordon & Reindel, where she worked on corporate finance and mergers and acquisitions.
For further information about CryoPort, please visit the company’s website at www.cryoport.com
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Haven’t Tried Investing on Your Own Yet? Get Started at QualityStocks!
Investing in publicly traded companies is much easier than what it used to be. Now you can sign up for your own online trading account and be approved in just a few days. From there all you have to do is enter the symbol of the stock you wish to purchase as well as how many shares you want. With so much competition in the online brokerage market today, many are offering low commission rates as well as free independent research tools to make better trading decisions.
Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
The QualityStocks Daily Newsletter has been a real hit with both traders and investors because it keeps their finger on the market’s pulse without having to spend countless hours keeping up-to-date. The publication consolidates information from hundreds of Small-Cap and Micro-Cap Online Investment Newsletters in a summary format, plus provides the latest information on the companies we feature.
To sign up for the QualityStocks Daily Newsletter, visit www.signup.qualitystocks.net
The QualityStocks Blog keeps investors up to date on everything related to the small cap and micro cap markets. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis. Investors are also able to learn more about emerging companies that they otherwise would not hear about.
To view the QualityStocks Blog, visit www.blog.qualitystocks.net
Every day we choose a stock that is either poised to either bounce from a recent retrace or displays continuation patterns backed up by technical indicators. While watching these videos, viewers not only find out about a new trading opportunity, but also learn how to effectively apply technical analysis in a real-world setting.
To view the QualityStocks Chart Videos, visit www.videocharts.qualitystocks.net
Stocks to avoid, Due Diligence, Monitoring Investments, Key terms in investing – these are among the topics covered by us in our section called the Market Basics. This is where we give answers to basic questions regarding stock investments for both new and experienced investors.
To visit our Market Basics page, visit http://www.qualitystocks.net/basics.php
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Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
The QualityStocks Daily Newsletter has been a real hit with both traders and investors because it keeps their finger on the market’s pulse without having to spend countless hours keeping up-to-date. The publication consolidates information from hundreds of Small-Cap and Micro-Cap Online Investment Newsletters in a summary format, plus provides the latest information on the companies we feature.
To sign up for the QualityStocks Daily Newsletter, visit www.signup.qualitystocks.net
The QualityStocks Blog keeps investors up to date on everything related to the small cap and micro cap markets. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis. Investors are also able to learn more about emerging companies that they otherwise would not hear about.
To view the QualityStocks Blog, visit www.blog.qualitystocks.net
Every day we choose a stock that is either poised to either bounce from a recent retrace or displays continuation patterns backed up by technical indicators. While watching these videos, viewers not only find out about a new trading opportunity, but also learn how to effectively apply technical analysis in a real-world setting.
To view the QualityStocks Chart Videos, visit www.videocharts.qualitystocks.net
Stocks to avoid, Due Diligence, Monitoring Investments, Key terms in investing – these are among the topics covered by us in our section called the Market Basics. This is where we give answers to basic questions regarding stock investments for both new and experienced investors.
To visit our Market Basics page, visit http://www.qualitystocks.net/basics.php
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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E-House (EJ) Posts Solid Q1, Positive Outlook for Q2 and Beyond
E-House (China) Holdings Limited, a leading real estate services company in China, today announced its unaudited financial results for the fiscal quarter ended March 31, 2011. All RMB amounts were translated into U.S. dollar amounts.
First quarter total revenues were $83.3 million, an increase of 17 percent from $71.4 million for the same quarter of 2010. Primary real estate agency services contributed $39.3 million of revenue, a decrease of 7 percent from $42.4 million for the same quarter of 2010. First-quarter revenues from secondary real estate brokerage services were $5.2 million, an increase of 18 percent from $4.4 million for the same quarter of 2010.
CRIC, a subsidiary of E-House, reported first-quarter revenues of $38.1 million, an increase of 57 percent from $24.2 million for the same quarter of 2010.
E-House posted a first-quarter net loss of $1.5 million, compared to net income of $11.7 million for the same quarter of 2010.
First-quarter net loss attributable to E-House shareholders was $0.5 million, or $(0.01) loss per diluted ADS, compared to net income attributable to E-House shareholders of $10.6 million, or $0.13 per diluted ADS, for the same quarter of 2010.
As of March 31, 2011, the company had a cash balance of $452.5 million.
E-House also offered second quarter 2011 guidance, with expectations of revenues to range between $84 million to $86 million, up 18 percent to 21 percent from $71.2 million reported for the second quarter of 2010.
“In light of the unfavorable market environment, we continue to focus on expanding our business in our existing cities and establishing our presence in additional tier-three cities. We believe it is important to diversify our geographic and client mix in light of the policy impact on tier-one and tier-two cities,” Xin Zhou, E-House’s executive chairman stated in the press release. “Our recent successful launch of a project developed by Country Garden in a township near Nanjing, where we sold nearly 2,000 units on the day of launch, demonstrates our ability to execute major projects and deliver value for our clients in challenging market conditions, and also indicates that underlying demand for real estate purchase remains strong. Meanwhile, our online business segment continues to show impressive growth in market share and revenue, taking advantage of developers’ increased efforts to market their products.”
For more information visit www.ehousechina.com
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First quarter total revenues were $83.3 million, an increase of 17 percent from $71.4 million for the same quarter of 2010. Primary real estate agency services contributed $39.3 million of revenue, a decrease of 7 percent from $42.4 million for the same quarter of 2010. First-quarter revenues from secondary real estate brokerage services were $5.2 million, an increase of 18 percent from $4.4 million for the same quarter of 2010.
CRIC, a subsidiary of E-House, reported first-quarter revenues of $38.1 million, an increase of 57 percent from $24.2 million for the same quarter of 2010.
E-House posted a first-quarter net loss of $1.5 million, compared to net income of $11.7 million for the same quarter of 2010.
First-quarter net loss attributable to E-House shareholders was $0.5 million, or $(0.01) loss per diluted ADS, compared to net income attributable to E-House shareholders of $10.6 million, or $0.13 per diluted ADS, for the same quarter of 2010.
As of March 31, 2011, the company had a cash balance of $452.5 million.
E-House also offered second quarter 2011 guidance, with expectations of revenues to range between $84 million to $86 million, up 18 percent to 21 percent from $71.2 million reported for the second quarter of 2010.
“In light of the unfavorable market environment, we continue to focus on expanding our business in our existing cities and establishing our presence in additional tier-three cities. We believe it is important to diversify our geographic and client mix in light of the policy impact on tier-one and tier-two cities,” Xin Zhou, E-House’s executive chairman stated in the press release. “Our recent successful launch of a project developed by Country Garden in a township near Nanjing, where we sold nearly 2,000 units on the day of launch, demonstrates our ability to execute major projects and deliver value for our clients in challenging market conditions, and also indicates that underlying demand for real estate purchase remains strong. Meanwhile, our online business segment continues to show impressive growth in market share and revenue, taking advantage of developers’ increased efforts to market their products.”
For more information visit www.ehousechina.com
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World Surveillance (WSGI) Completes Global Telesat Acquisition – a Step toward Global Expansion
World Surveillance Group Inc., a developer of lighter-than-air unmanned aerial vehicles (UAVs) and related technologies, has completed its 100% acquisition of Global Telesat Corp. (GTC), a privately held company providing satellite airtime and tracking services to the U.S. government and defense industry end users.
The $600,000 deal was made in cash (payable in installments), 30 million shares of common stock of WSGI, and an earn-out equal to 5 percent of any gross revenues associated with GTC’s construction contracts of up to five satellite ground stations.
GTC was formed in 2003, grossing more than $27 million in revenue since its inception. WSGI said it expects the acquisition and integration of GTC’s products to speed up its expansion efforts and goal of securing a solid foothold in the global surveillance and communications market.
“The acquisition of GTC is another significant step in the overall strategic plan we continue to implement as we advance WSGI’s operations and business. In addition to executing on the integration of the combined entity, we will continue to review opportunities that can provide strategic value for our company,” WSGI Chairman Michael K. Clark stated in the press release. “We are excited by the prospect of expanding the combined company’s business on a global scale.”
WSGI noted that the acquisition also equips it with a profitable business unit; established government customer relationships and access; a long-term relationship with leading satellite network operator Globalstar Inc.; and the opportunity to expand GTC’s product strategy in the expanding commercial markets.
“The acquisition of GTC creates both a diversified and expanded product strategy for the combined company, with a history of revenue and positive cash flow, and product integration possibilities as we continue to advance our UAV business,” WSGI president and CEO Glenn Estrella stated. “The combined operating entity intends on focusing on growing revenues in our commercial and Government customer bases by leveraging our strong partnership and customer relationships.”
Operating as a wholly owned subsidiary of WSGI, GTC is expected to be immediately accretive to WSGI’s financial results.
For more information visit www.gtc-usa.com or www.wsgi.com
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The $600,000 deal was made in cash (payable in installments), 30 million shares of common stock of WSGI, and an earn-out equal to 5 percent of any gross revenues associated with GTC’s construction contracts of up to five satellite ground stations.
GTC was formed in 2003, grossing more than $27 million in revenue since its inception. WSGI said it expects the acquisition and integration of GTC’s products to speed up its expansion efforts and goal of securing a solid foothold in the global surveillance and communications market.
“The acquisition of GTC is another significant step in the overall strategic plan we continue to implement as we advance WSGI’s operations and business. In addition to executing on the integration of the combined entity, we will continue to review opportunities that can provide strategic value for our company,” WSGI Chairman Michael K. Clark stated in the press release. “We are excited by the prospect of expanding the combined company’s business on a global scale.”
WSGI noted that the acquisition also equips it with a profitable business unit; established government customer relationships and access; a long-term relationship with leading satellite network operator Globalstar Inc.; and the opportunity to expand GTC’s product strategy in the expanding commercial markets.
“The acquisition of GTC creates both a diversified and expanded product strategy for the combined company, with a history of revenue and positive cash flow, and product integration possibilities as we continue to advance our UAV business,” WSGI president and CEO Glenn Estrella stated. “The combined operating entity intends on focusing on growing revenues in our commercial and Government customer bases by leveraging our strong partnership and customer relationships.”
Operating as a wholly owned subsidiary of WSGI, GTC is expected to be immediately accretive to WSGI’s financial results.
For more information visit www.gtc-usa.com or www.wsgi.com
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Qiao Xing Universal Resources, Inc. (XING) Reports Fiscal 2010 Financial Review
Qiao Xing Universal Resources, Inc., a leading company in the molybdenum mining business with substantial assets in the resources industry, today announced its unaudited consolidated financial results for the fiscal year ended December 31, 2010. All figures were converted from RMB into U.S. dollar amounts.
In fiscal 2010, the company reported solid results driven by its mining business with revenues of $45.5 million, compared to approximately $29.7 million reported for fiscal 2009, and net income in fiscal 2010 of $13.7 million compared to approximately $9.7 million in fiscal 2009.
The company’s 56 percent owned subsidiary, Qiao Xing Mobile Communication Co. Ltd. (QXM), responded to unfavorable competition by strategically contracting its mobile phone business, thereby limiting its operating losses. These operating losses contributed to Qiao Xing’s net loss of $8.7 million compared to a consolidated net loss of approximately $40 million in 2009.
As of December 31, 2010, Qiao Xing reported cash and equivalents of $481.5 million.
Ruilin Wu, the company’s chairman and CEO, said the company’s mining operations had a positive impact on its financial position, as evidenced through its net income for the fiscal year.
“Our mining operations grew significantly in 2010 as our mining operations began to contribute significantly to our financial results. Furthermore, we completed two additional mine acquisitions at the end of 2010 and these two operational and producing mines will contribute substantially in 2011,” Wu stated in the press release. “As seen by the impressive rise in revenue and net income in 2010, we are continuing to implement our strategy of becoming a pure-play resources company even as we work to finalize our options as relates to our remaining telecommunications business.”
In fiscal 2010, the company completed the acquisition of a 100 percent equity interest in Balinzuo Banner Xinyuan Mining Co. Ltd., which owns a mine with estimated ore reserves of 9.7 million tons which primarily contains lead, zinc and copper; and the acquisition of a 34.53 percent equity interest in Chifeng Aolunhua Mining Co. Ltd.
Moving forward, the company’s stated strategic plan is to optimize its mining assets, acquire future high potential mining assets, and to become a pure resources company.
For more information visit www.cosun-xing.com
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In fiscal 2010, the company reported solid results driven by its mining business with revenues of $45.5 million, compared to approximately $29.7 million reported for fiscal 2009, and net income in fiscal 2010 of $13.7 million compared to approximately $9.7 million in fiscal 2009.
The company’s 56 percent owned subsidiary, Qiao Xing Mobile Communication Co. Ltd. (QXM), responded to unfavorable competition by strategically contracting its mobile phone business, thereby limiting its operating losses. These operating losses contributed to Qiao Xing’s net loss of $8.7 million compared to a consolidated net loss of approximately $40 million in 2009.
As of December 31, 2010, Qiao Xing reported cash and equivalents of $481.5 million.
Ruilin Wu, the company’s chairman and CEO, said the company’s mining operations had a positive impact on its financial position, as evidenced through its net income for the fiscal year.
“Our mining operations grew significantly in 2010 as our mining operations began to contribute significantly to our financial results. Furthermore, we completed two additional mine acquisitions at the end of 2010 and these two operational and producing mines will contribute substantially in 2011,” Wu stated in the press release. “As seen by the impressive rise in revenue and net income in 2010, we are continuing to implement our strategy of becoming a pure-play resources company even as we work to finalize our options as relates to our remaining telecommunications business.”
In fiscal 2010, the company completed the acquisition of a 100 percent equity interest in Balinzuo Banner Xinyuan Mining Co. Ltd., which owns a mine with estimated ore reserves of 9.7 million tons which primarily contains lead, zinc and copper; and the acquisition of a 34.53 percent equity interest in Chifeng Aolunhua Mining Co. Ltd.
Moving forward, the company’s stated strategic plan is to optimize its mining assets, acquire future high potential mining assets, and to become a pure resources company.
For more information visit www.cosun-xing.com
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Simulated Environment Concepts, Inc. (SMEV) Takes On New Challengers
SpaCapsule, the flagship hydro massage and sensory stimulation system from Simulated Environment Concepts, has moved well beyond being marketed as a feel-good automated massage device. As a product designed by doctors, SpaCapsule is increasing in popularity based upon its health benefits. At first the focus was primarily the reduction of aches and pains, together with its anti-stress qualities. Later, results from an independent study by Dermscan showed that SpaCapsule is effective as a tool for weight and cellulite reduction. SE Concepts is even considering formal FDA recognition for SpaCapsule regarding its therapeutic benefits.
By targeting the health market, SE Concepts takes on a new set of competitors, though competitors that approach the market from an admittedly different direction, two of which are shown below.
• Syneron Medical Ltd. (NASDAQ: ELOS) – Syneron and its subsidiaries develop and sell aesthetic medical products for things like hair removal, wrinkle reduction, and skin rejuvenation and treatment. Its products are based upon the combination of radiofrequency energy and light or laser-based energy, and have also been used for the temporary reduction in the appearance of cellulite and thigh circumference, and for various other treatments. The products are sold primarily to physicians and other medical practitioners.
• Cynosure (NASDAQ: CYNO) – Cynosure develops and sells a range of aesthetic treatment systems to the dermatology, plastic surgery, and general medical markets. Its products are based upon light-based energy sources, such as diode lasers and intense pulsed light. The various products are used for hair removal and the treatment of facial pigmentations and leg veins, as well as for LaserBodySculpting for the removal of unwanted fat, and also for wrinkles and skin appearance.
If SE Concepts ever decides to create a franchise network based upon SpaCapsule, they would also be in the same arena as a number of well-known massage franchises as well, including:
• Hand & Stone
• Massage Spa LaVida Massage
• Massage Greenelements therapeutic massage
• WoodHouse Day SpaMassaggiano
• Massage HeightsKeep in Touch
• Massage EnvyZen Massage Center
• One2One BodyScapes
The key difference between all of these potential competitors and SE Concepts is, of course, SpaCapsule.
For additional information on SE Concepts and SpaCapsule, visit www.SpaCapsule.com and their corporate website at www.SECCorporation.com
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By targeting the health market, SE Concepts takes on a new set of competitors, though competitors that approach the market from an admittedly different direction, two of which are shown below.
• Syneron Medical Ltd. (NASDAQ: ELOS) – Syneron and its subsidiaries develop and sell aesthetic medical products for things like hair removal, wrinkle reduction, and skin rejuvenation and treatment. Its products are based upon the combination of radiofrequency energy and light or laser-based energy, and have also been used for the temporary reduction in the appearance of cellulite and thigh circumference, and for various other treatments. The products are sold primarily to physicians and other medical practitioners.
• Cynosure (NASDAQ: CYNO) – Cynosure develops and sells a range of aesthetic treatment systems to the dermatology, plastic surgery, and general medical markets. Its products are based upon light-based energy sources, such as diode lasers and intense pulsed light. The various products are used for hair removal and the treatment of facial pigmentations and leg veins, as well as for LaserBodySculpting for the removal of unwanted fat, and also for wrinkles and skin appearance.
If SE Concepts ever decides to create a franchise network based upon SpaCapsule, they would also be in the same arena as a number of well-known massage franchises as well, including:
• Hand & Stone
• Massage Spa LaVida Massage
• Massage Greenelements therapeutic massage
• WoodHouse Day SpaMassaggiano
• Massage HeightsKeep in Touch
• Massage EnvyZen Massage Center
• One2One BodyScapes
The key difference between all of these potential competitors and SE Concepts is, of course, SpaCapsule.
For additional information on SE Concepts and SpaCapsule, visit www.SpaCapsule.com and their corporate website at www.SECCorporation.com
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Fibrocell Science, Inc. (FCSC) Targeting Anti-Aging Market with Stem Cell Therapy
When you look in a mirror, do you see saggy cheek wrinkles running down at an angle from each side of your nose? If so, you’re on your way to understanding the significance of a Michigan biotech company called Fibrocell Science, Inc. (FCSC). Those wrinkles are called nasolabial fold wrinkles, and are considered the single most revealing indicator of your real age. Try it yourself. Use your hands to stretch your face back so that those sag wrinkles go away, and notice how much younger your face looks.
Developing an effective and affordable non-invasive anti-wrinkle treatment is cosmetic’s Holy Grail, and Fibrocell Science may have discovered the answer. The company has made major breakthroughs in developing a way to remove, regenerate, and reintroduce a person’s own fibroblasts, cells that contribute to the formation of connective tissue fibers that are critical to skin elasticity and tissue repair.
The patented process is called Fibrocell Therapy, and involves the generation and injection of azficel-T, a personalized treatment based upon the person’s own cells.
• The process begins by removing a small sample of cells from behind a patient’s ear, and sending it to the company’s advanced production facility in Pennsylvania, controlled by FDA defined Current Good Manufacturing Practices – cGMP.
• There the cells go through a process that expands fibroblasts into hundreds of millions of new cells, which are then formulated into an autologous cellular therapy.
• Cells are frozen and used for multiple treatment sessions.
• The formulated therapy is then reintroduced into the patient’s own skin by injection, with the goal of increasing the local population of fibroblasts and collagen formation.
In controlled clinical studies, a significant improvement in the appearance of nasolabial fold wrinkles was observed after injecting azficel-T. Fibrocell even has a proposed brand name for the eventual product – laViv®. Given that the global anti-aging market could approach $275 billion by 2013, it’s a name worth remembering.
But Fibrocell’s future is based upon more than the golden nugget of wrinkle removal. Fibroblasts are important for things like wound healing. The company is focused on the development of personalized autologous (derived or transferred from the same individual’s body) cell therapies for aesthetic, medical, and scientific applications. Fibrocell’s future scientific focus will be on regenerative medicine that leverages the direct and indirect therapeutic benefit of fibroblasts, and they are working with UCLA in a research collaboration involving autologous stem cell research.
For additional information, visit the company’s website at www.FibroCellScience.com
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Developing an effective and affordable non-invasive anti-wrinkle treatment is cosmetic’s Holy Grail, and Fibrocell Science may have discovered the answer. The company has made major breakthroughs in developing a way to remove, regenerate, and reintroduce a person’s own fibroblasts, cells that contribute to the formation of connective tissue fibers that are critical to skin elasticity and tissue repair.
The patented process is called Fibrocell Therapy, and involves the generation and injection of azficel-T, a personalized treatment based upon the person’s own cells.
• The process begins by removing a small sample of cells from behind a patient’s ear, and sending it to the company’s advanced production facility in Pennsylvania, controlled by FDA defined Current Good Manufacturing Practices – cGMP.
• There the cells go through a process that expands fibroblasts into hundreds of millions of new cells, which are then formulated into an autologous cellular therapy.
• Cells are frozen and used for multiple treatment sessions.
• The formulated therapy is then reintroduced into the patient’s own skin by injection, with the goal of increasing the local population of fibroblasts and collagen formation.
In controlled clinical studies, a significant improvement in the appearance of nasolabial fold wrinkles was observed after injecting azficel-T. Fibrocell even has a proposed brand name for the eventual product – laViv®. Given that the global anti-aging market could approach $275 billion by 2013, it’s a name worth remembering.
But Fibrocell’s future is based upon more than the golden nugget of wrinkle removal. Fibroblasts are important for things like wound healing. The company is focused on the development of personalized autologous (derived or transferred from the same individual’s body) cell therapies for aesthetic, medical, and scientific applications. Fibrocell’s future scientific focus will be on regenerative medicine that leverages the direct and indirect therapeutic benefit of fibroblasts, and they are working with UCLA in a research collaboration involving autologous stem cell research.
For additional information, visit the company’s website at www.FibroCellScience.com
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Energizer Resources, Inc. (ENZR) is “One to Watch”
It has been called the plastic of the 21st century, a strategic rare metallic element with remarkable properties that are especially important for today’s rising technologies, such as lithium-ion batteries. But it’s an element that is almost exclusively (98%) mined in South Africa, China, and Russia, typically from vanadium-bearing magnetite that requires considerable processing.
That’s why a discovery in Madagascar has brought Energizer Resources, Inc. (ENZR), a Canadian based minerals exploration company, to the attention of investors. The company has 100% interest in what is called the Green Giant project, a 225 square kilometer property in south central Madagascar. Little if any modern exploration for mineral deposits has been completed in this part of Madagascar, and the Green Giant property drillings have now shown it to be one of the largest vanadium deposits in the world. Moreover, the deposit is unique from other known vanadium deposits, because it is sediment-hosted, not magnetite hosted. Sediment-hosted vanadium requires less processing, and is expected to produce high-purity battery grade vanadium pentoxide (V2O5).
Although the project will require the upgrading of the area’s transportation and power infrastructure, Energizer Resources is working with Asia-Thai Mining, one of the owners of a nearby coal project, on a transportation upgrade sharing program. A National Instrument 43-101 compliant preliminary economic assessment (PEA) has been initiated with DRA Mineral Projects.
Vanadium is considered a strategic metal, both for performance and cost. Its primary quality is its ability to enhance the properties of things with which it is mixed. It can make things stronger, lighter, more efficient, or more powerful. For example, only a small amount of vanadium is required to dramatically increase the tensile strength of steel, making vanadium essential in construction applications. In addition, it is important in aerospace and other industries for things like vanadium-titanium alloys, offering the best strength-to-weight ratio of any engineered material. But vanadium has also become critical to battery technology, increasing the energy density and voltage of lithium-ion batteries, important for improving the performance of electric and hybrid vehicles.
Energizer, the only company actively working to produce a battery grade vanadium pentoxide as a primary product, is targeting Green Giant production for the end of 2014.
Additional information is available at the company’s website, www.EnergizerResources.com
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That’s why a discovery in Madagascar has brought Energizer Resources, Inc. (ENZR), a Canadian based minerals exploration company, to the attention of investors. The company has 100% interest in what is called the Green Giant project, a 225 square kilometer property in south central Madagascar. Little if any modern exploration for mineral deposits has been completed in this part of Madagascar, and the Green Giant property drillings have now shown it to be one of the largest vanadium deposits in the world. Moreover, the deposit is unique from other known vanadium deposits, because it is sediment-hosted, not magnetite hosted. Sediment-hosted vanadium requires less processing, and is expected to produce high-purity battery grade vanadium pentoxide (V2O5).
Although the project will require the upgrading of the area’s transportation and power infrastructure, Energizer Resources is working with Asia-Thai Mining, one of the owners of a nearby coal project, on a transportation upgrade sharing program. A National Instrument 43-101 compliant preliminary economic assessment (PEA) has been initiated with DRA Mineral Projects.
Vanadium is considered a strategic metal, both for performance and cost. Its primary quality is its ability to enhance the properties of things with which it is mixed. It can make things stronger, lighter, more efficient, or more powerful. For example, only a small amount of vanadium is required to dramatically increase the tensile strength of steel, making vanadium essential in construction applications. In addition, it is important in aerospace and other industries for things like vanadium-titanium alloys, offering the best strength-to-weight ratio of any engineered material. But vanadium has also become critical to battery technology, increasing the energy density and voltage of lithium-ion batteries, important for improving the performance of electric and hybrid vehicles.
Energizer, the only company actively working to produce a battery grade vanadium pentoxide as a primary product, is targeting Green Giant production for the end of 2014.
Additional information is available at the company’s website, www.EnergizerResources.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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Advanced Voice Recognition Systems, Inc. (AVOI) Files Continuation-In-Part Patent Application
Advanced Voice Recognition Systems, Inc. today announced that it filed a Continuation-In-Part application with the U.S. Patent and Trademark Office (USPTO) entitled “Dynamic Speech Recognition and Transcription Among Users Having Heterogeneous Protocols.”
A continuation-in-part is an application filed during the lifetime of an earlier nonprovisional application, repeating some substantial portion or all of the earlier nonprovisional application and adding matter not disclosed in the earlier nonprovisional application. The present application is a Continuation-In-Part Application of U.S. Application Serial Number 12/497,675 filed July 5, 2009 (now U.S. Patent 7,949,534) which is a Continuation Application of U.S. Application Serial Number 11/824,794 filed July 3, 2007 (now U.S. Patent 7,558,730) which is a Continuation Application of U.S. Application Serial Number 09/996,849 filed November 27, 2001.
The Continuation-In-Part application relates to electronic speech recognition and transcription; and, more particularly, to processes and systems for facilitating “free form” dictation, including directed dictation, constrained recognition and/or structured transcription among users having heterogeneous system protocols.
President and CEO of AVRS, Walter Geldenhuys, commented, “Speech recognition technology has come a long way since AVRS filed its first patent application in 1995. We believe that the future of speech recognition is in the rapidly growing mobile device market with the boom of mobile devices and smart tablets. Our second and third patents reflect the shift in direction. This Continuation-In-Part application builds upon that technology.”
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A continuation-in-part is an application filed during the lifetime of an earlier nonprovisional application, repeating some substantial portion or all of the earlier nonprovisional application and adding matter not disclosed in the earlier nonprovisional application. The present application is a Continuation-In-Part Application of U.S. Application Serial Number 12/497,675 filed July 5, 2009 (now U.S. Patent 7,949,534) which is a Continuation Application of U.S. Application Serial Number 11/824,794 filed July 3, 2007 (now U.S. Patent 7,558,730) which is a Continuation Application of U.S. Application Serial Number 09/996,849 filed November 27, 2001.
The Continuation-In-Part application relates to electronic speech recognition and transcription; and, more particularly, to processes and systems for facilitating “free form” dictation, including directed dictation, constrained recognition and/or structured transcription among users having heterogeneous system protocols.
President and CEO of AVRS, Walter Geldenhuys, commented, “Speech recognition technology has come a long way since AVRS filed its first patent application in 1995. We believe that the future of speech recognition is in the rapidly growing mobile device market with the boom of mobile devices and smart tablets. Our second and third patents reflect the shift in direction. This Continuation-In-Part application builds upon that technology.”
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MusclePharm Corp. (MSLP) Senior President Takes Spotlight on Cover of National Fitness Magazine
MusclePharm Corp., an ever growing U.S. nutritional supplement company, was pleased to announce this morning that its Senior President and Co-Founder Cory Gregory will be featured on the cover of national publication Fitness & Physique Magazine.
The magazine, which focuses primarily on natural bodybuilding, will arrive on newsstands next week and will be available at national retailers like Barnes and Noble, Hastings Entertainment and Books-A-Million.
Gregory is also the featured story that tells of his fitness background and the growth of MusclePharm. Although he has been featured in numerous fitness publications over the past decade, this marks the first cover shot and featured story for the lifetime natural fitness athlete.
“This is an exciting moment for me on a number of levels. The article tells my story of how I got to this point, how a lot of my roots and disciplines come from natural bodybuilding, and it also lets MusclePharm consumers know that we are serious about fitness,” Gregory said.
“This cover shot will prove to our consumers that we at MusclePharm keep a high level of fitness,” he continued. “By showing that I am both a natural athlete and executive, this really puts us as in touch with the consumer as we can be.”
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The magazine, which focuses primarily on natural bodybuilding, will arrive on newsstands next week and will be available at national retailers like Barnes and Noble, Hastings Entertainment and Books-A-Million.
Gregory is also the featured story that tells of his fitness background and the growth of MusclePharm. Although he has been featured in numerous fitness publications over the past decade, this marks the first cover shot and featured story for the lifetime natural fitness athlete.
“This is an exciting moment for me on a number of levels. The article tells my story of how I got to this point, how a lot of my roots and disciplines come from natural bodybuilding, and it also lets MusclePharm consumers know that we are serious about fitness,” Gregory said.
“This cover shot will prove to our consumers that we at MusclePharm keep a high level of fitness,” he continued. “By showing that I am both a natural athlete and executive, this really puts us as in touch with the consumer as we can be.”
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Auric Mining Corp. (AUMY) Announces Plans to Renovate Future Head Office and Operations Facility
Auric Mining Co. today announced that it has received a tender of $250,000 from Krolyk Construction Inc. and advanced an initial deposit to upgrade a leased facility, which was previously occupied for more than ten years by Noranda Inc. as its Geological field office in North Western Ontario.
The building will be utilized as the company’s head office, repair depot, and storage facility for its operations. Situated on 7 acres, the building has over 10,000 total square feet of useable space and contains a Core Lab area which was originally set up by Noranda Inc., which was one of the largest mining and metals companies in the world with operations in 18 countries.
According to the press release, Auric’s planned new operations base is located in the center of one of the most prolific gold producing regions in North America, if not the world. The surrounding industrial mining area is currently being increased for access to large transports. Furthermore, numerous industry leading gold producing corporations are currently based within a 300 km area.
The company also plans to build an additional building for storing its mining records and core samples.
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The building will be utilized as the company’s head office, repair depot, and storage facility for its operations. Situated on 7 acres, the building has over 10,000 total square feet of useable space and contains a Core Lab area which was originally set up by Noranda Inc., which was one of the largest mining and metals companies in the world with operations in 18 countries.
According to the press release, Auric’s planned new operations base is located in the center of one of the most prolific gold producing regions in North America, if not the world. The surrounding industrial mining area is currently being increased for access to large transports. Furthermore, numerous industry leading gold producing corporations are currently based within a 300 km area.
The company also plans to build an additional building for storing its mining records and core samples.
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Auric Mining Corp. (AUMY) Announces Agreement to Acquire Gold and Silver Mine in Colorado
Friday after the closing bell, Auric Mining Co. announced it has signed an agreement with Homestead Colorado Gold Corp., located in Brighton, Colorado, to purchase its mining property known as “The Little Prince Mine” and a surrounding claim known as “Nettie Morgan” located near Leadville, Colorado.
Auric Mining has agreed to a total purchase price and investment of $1.5 million for the property over a 60-month period with no interest to be accrued. The purchase price for The Little Prince Mine and a 15-acre property known as Nettie Morgan located at the east end of the Big Six is $240,000. Payment will be in the form of $4,000 per month commencing on June 15th and continuing for 60 months. As part of the agreement, Auric has agreed to invest $1.26 million in the property in order to render the mine operational. Auric has also agreed to pay Cook and Cooper, LLC a 2% net smelter royalty for 10 years after the mine becomes operational.
The Little Prince Mine, originally part of the Big Six group, has been a haven for miners as a gold and silver producer with a long history of exploration and production since the late 1880s. The Little Prince Mine, originally part of the Standard Metals Group of mines, is situated on the Northwestern slope of Breece Hill, Leadville, located in the extremely rich silver belt in Colorado. Past production results and historical data indicate that the mine can be expected to produce between .005 – .27 per ounce of gold per ton, and from 1.8 to 14.7 per ounce of silver per ton, making it very attractive economically based on current prices of the metals.
Auric Mining Co. also announces that it has officially launched its new website at www.auricgold.com
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Auric Mining has agreed to a total purchase price and investment of $1.5 million for the property over a 60-month period with no interest to be accrued. The purchase price for The Little Prince Mine and a 15-acre property known as Nettie Morgan located at the east end of the Big Six is $240,000. Payment will be in the form of $4,000 per month commencing on June 15th and continuing for 60 months. As part of the agreement, Auric has agreed to invest $1.26 million in the property in order to render the mine operational. Auric has also agreed to pay Cook and Cooper, LLC a 2% net smelter royalty for 10 years after the mine becomes operational.
The Little Prince Mine, originally part of the Big Six group, has been a haven for miners as a gold and silver producer with a long history of exploration and production since the late 1880s. The Little Prince Mine, originally part of the Standard Metals Group of mines, is situated on the Northwestern slope of Breece Hill, Leadville, located in the extremely rich silver belt in Colorado. Past production results and historical data indicate that the mine can be expected to produce between .005 – .27 per ounce of gold per ton, and from 1.8 to 14.7 per ounce of silver per ton, making it very attractive economically based on current prices of the metals.
Auric Mining Co. also announces that it has officially launched its new website at www.auricgold.com
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Friday, May 27, 2011
iBio, Inc. (IBIO) Announced iBioLaunch Platform’s Successful Production of Hookworm Vaccine Antigen
iBio, Inc., a biotechnology company that engages in the development of vaccines and therapeutic proteins, recently announced that its iBioLaunch™ Platform has successfully produced the hookworm-derived molecule, known as NaAPR1M-75. The Antigen will be evaluated as a potential vaccine candidate to be used for the human hookworm disease.
The success has been derived from the collaboration between iBio’s research partner, the Fraunhofer Center for Molecular Biotechnology (FCMB) and the Sabin Vaccine Institute. Production for the initial quantities of partially purified NaAPR1M-74 was completed last week at FCMB’s pilot manufacturing facility that utilizes the iBioLaunch Technology. The product was then transferred to Walter Reed Army Institute for Research (WRAIR) for the last stage of purification to create enough material to start Phase 1 clinical trials.
“We are very pleased with the success in expressing a pilot batch of this antigen in collaboration with iBio and FCMB,” said Dr. Peter Hotez, President of Sabin Vaccine Institute. “It has been extremely difficult to produce this protein effectively, as evidenced by multiple prior unsuccessful attempts using traditional production systems.”
“The expression of this complex protein with the iBioLaunch™ Platform not only moves us closer to a solution for hundreds of millions of people who suffer from hookworm, but also bodes well for other complex protein expression challenges,” said Dr. Philip Russell, a member of the Board of Trustees of Sabin Vaccine Institute and member of the Board of Directors of iBio.
Clinical trials will be administered by the Sabin Vaccine Institute’s Human Hookworm Initiative (HHVI). The HHVI, which was established in 2000 with funding from the Bill & Melinda Gates Foundation and with the additional support from the Dutch Ministry of Foreign Affairs and the Brazilian Ministry of Health, is the first and the only program that strives to reduce the prevalence of the human hookworm infection with the aid of research and development, timely result announcements, advocacy, and innovation.
For more information on the company and its products, visit their company website: www.ibioinc.com
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The success has been derived from the collaboration between iBio’s research partner, the Fraunhofer Center for Molecular Biotechnology (FCMB) and the Sabin Vaccine Institute. Production for the initial quantities of partially purified NaAPR1M-74 was completed last week at FCMB’s pilot manufacturing facility that utilizes the iBioLaunch Technology. The product was then transferred to Walter Reed Army Institute for Research (WRAIR) for the last stage of purification to create enough material to start Phase 1 clinical trials.
“We are very pleased with the success in expressing a pilot batch of this antigen in collaboration with iBio and FCMB,” said Dr. Peter Hotez, President of Sabin Vaccine Institute. “It has been extremely difficult to produce this protein effectively, as evidenced by multiple prior unsuccessful attempts using traditional production systems.”
“The expression of this complex protein with the iBioLaunch™ Platform not only moves us closer to a solution for hundreds of millions of people who suffer from hookworm, but also bodes well for other complex protein expression challenges,” said Dr. Philip Russell, a member of the Board of Trustees of Sabin Vaccine Institute and member of the Board of Directors of iBio.
Clinical trials will be administered by the Sabin Vaccine Institute’s Human Hookworm Initiative (HHVI). The HHVI, which was established in 2000 with funding from the Bill & Melinda Gates Foundation and with the additional support from the Dutch Ministry of Foreign Affairs and the Brazilian Ministry of Health, is the first and the only program that strives to reduce the prevalence of the human hookworm infection with the aid of research and development, timely result announcements, advocacy, and innovation.
For more information on the company and its products, visit their company website: www.ibioinc.com
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Auric Mining Corp. (AUMY) is “One to Watch”
Auric Mining Corp. is an investment and management company focused on mining and natural resources projects. Auric Mining has searched through numerous databases of private and public natural resources companies that have substantial findings already proven and intends to either purchase, joint venture or invest in the companies or projects that meet its criteria.
Auric Mining CEO and President Michael Burke leads the company with expertise in technological integration, mining and geophysical exploration, finance, project and corporate development as well as a successful track record of extracting shareholder value. He has founded and served as the president of numerous companies, most notably building World Star Holdings Inc. into a multi-million dollar enterprise.
The Dolly Gold Showing lies in a major known gold resource area with a history of gold mining over the past 50 years. In 1984, assays from 0.13 oz. over 2.4 meters to 1.28 oz. over 0.3 meters were recorded. The best gold assay recorded was 2.48 oz. with no recorded width. Using current technology and the latest geology expertise, Auric Mining will focus on trends and process information that were previously missed.
The area near Auric Mining’s Dog Lake Project has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration, as well as numerous deposits of small diamonds within metamorphosed Archean basement rocks. Now that the unusual rocks that host these occurrences have been fairly well-characterized and ongoing overburden stripping is exposing new bedrock, finding diamonds in the area is becoming an almost everyday occurrence.
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Auric Mining CEO and President Michael Burke leads the company with expertise in technological integration, mining and geophysical exploration, finance, project and corporate development as well as a successful track record of extracting shareholder value. He has founded and served as the president of numerous companies, most notably building World Star Holdings Inc. into a multi-million dollar enterprise.
The Dolly Gold Showing lies in a major known gold resource area with a history of gold mining over the past 50 years. In 1984, assays from 0.13 oz. over 2.4 meters to 1.28 oz. over 0.3 meters were recorded. The best gold assay recorded was 2.48 oz. with no recorded width. Using current technology and the latest geology expertise, Auric Mining will focus on trends and process information that were previously missed.
The area near Auric Mining’s Dog Lake Project has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration, as well as numerous deposits of small diamonds within metamorphosed Archean basement rocks. Now that the unusual rocks that host these occurrences have been fairly well-characterized and ongoing overburden stripping is exposing new bedrock, finding diamonds in the area is becoming an almost everyday occurrence.
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EVCARCO Inc. (EVCA) Partner Scopes-out China’s Eco-friendly Car Market
EVARCO Inc., an automotive retail group focused environmentally friendly technologies for plug-in electric, alternative fuel, and pre-owned hybrid vehicles, today announced that key executives from VENTA Global, an EVARCO project partner, recently traveled to China to get a feel for opportunities abroad.
Edouard Prous, chief technical officer, and Dmitri Tisnoi, president and CEO, of VENTA Global, met with representatives from FOTON Motor Company, Global Win Vehicles Ltd., two of China’s leading automotive companies.
Prous and Tisnoi also met with several other manufacturers currently producing alternative fuel vehicles, and traveled to several cities to observe the leading and latest developments in transportation products and to evaluate the efficiency and variety of China’s alternative fuel vehicles.
“We are excited with the report Edouard and Dmitri have given regarding their trip. We see this as an opportunity to build on existing and develop new relationships with these manufacturers. We appreciate VENTA Global working with us to develop these projects. Our executives continue to do an excellent job representing our interest abroad,” Mack Sanders, CEO of EVARCO stated in the press release.
EVARCO’s mission is to search the automotive industry for eco-friendly vehicles. The company has a deep inventory of eco-friendly new and used cars and trucks it offers to the public at low cost.
For more information visit www.evcarco.com
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Edouard Prous, chief technical officer, and Dmitri Tisnoi, president and CEO, of VENTA Global, met with representatives from FOTON Motor Company, Global Win Vehicles Ltd., two of China’s leading automotive companies.
Prous and Tisnoi also met with several other manufacturers currently producing alternative fuel vehicles, and traveled to several cities to observe the leading and latest developments in transportation products and to evaluate the efficiency and variety of China’s alternative fuel vehicles.
“We are excited with the report Edouard and Dmitri have given regarding their trip. We see this as an opportunity to build on existing and develop new relationships with these manufacturers. We appreciate VENTA Global working with us to develop these projects. Our executives continue to do an excellent job representing our interest abroad,” Mack Sanders, CEO of EVARCO stated in the press release.
EVARCO’s mission is to search the automotive industry for eco-friendly vehicles. The company has a deep inventory of eco-friendly new and used cars and trucks it offers to the public at low cost.
For more information visit www.evcarco.com
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Sonora Resources Corp. (SURE) Announces Completion of Geophysics Program at Los Amoles Silver Prospect
Sonora Resources, a mineral exploration and production company focused on international silver and gold targets in geopolitically stable regions, reported completion today of the sweeping geophysics program at its Los Amoles Property in Sonora State, Mexico. The geophysical data will be married with extant historical data, as well as work results to hone in on areas indicated to be highly prospective for epithermal silver and gold deposits.
While still in early stages of development, the 16.3 sq km Los Amoles Property is just some 10 km away from one of Mexico’s largest mining and processing facilities, the La Caridad Mine run by Grupo Mexico and has seen extensive artisan workings that kicked up targets on over 20 gold/silver veins running throughout the option lands. Needless to say SURE is eager to complete a full and rigorous analysis of the geophysical data, which was derived via both IP and magnetic susceptibility covering a nine sq km zone (28 line km of grid) of the property.
A rock sampling program was also run in parallel to the recent data collection, culling 124 samples from historic workings, mineralized dumps and key outcrops tagged for observed mineralization. Samples have been sent to nearby (150 km) Hermosillo, where an Inspectorate Labs facility will be handling the testing, results of which are anticipated by SURE within three weeks.
Initial results appear to check with extant data, leading to a very positive outlook for SURE, which expects full results and the final, detailed reported within the next two weeks. The previous analytical efforts produced a relatively complete mapping of a surface vein system roughly 800m along strike which has previously yielded very promising assay/sampling results:
2m grading 0.63 g/t Au and 698.6 g/t Ag
6m grading 0.33 g/t Au and 226.6 g/t Ag (included 2m at 0.63 g/t Au and 497.3 g/t Ag)
1m grading 0.33 g/t Au and 496.8 g/t Ag
Dump material grading 0.24 g/t Au and 1,027.5 Ag (note the high silver content)
With an option to earn a 70% interest in Los Amoles, SURE has been shrewdly measuring forward momentum; as all efforts to date have been essentially focused on the large magnetic anomaly (4 x 2.5 sq km in size) on the southern edge of the property and analysis thus far indicates this targeted anomaly represents veins of silver-lead with gold that are distal to a larger, buried porphyry system. While this scenario has yet to be thoroughly tested, the geological indices are strong and sampling data alone is cause to proceed, especially when one consider the regional geological make up, as most of the entire region’s top porphyry deposits occur within some 70 km of Los Amoles.
These are promising results for Sonora Resources and shareholders can look forward to reports/analysis coming out soon on Los Amoles.
For more information, please visit the Sonora Resources Corp. website at: www.sonoraresources.com
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While still in early stages of development, the 16.3 sq km Los Amoles Property is just some 10 km away from one of Mexico’s largest mining and processing facilities, the La Caridad Mine run by Grupo Mexico and has seen extensive artisan workings that kicked up targets on over 20 gold/silver veins running throughout the option lands. Needless to say SURE is eager to complete a full and rigorous analysis of the geophysical data, which was derived via both IP and magnetic susceptibility covering a nine sq km zone (28 line km of grid) of the property.
A rock sampling program was also run in parallel to the recent data collection, culling 124 samples from historic workings, mineralized dumps and key outcrops tagged for observed mineralization. Samples have been sent to nearby (150 km) Hermosillo, where an Inspectorate Labs facility will be handling the testing, results of which are anticipated by SURE within three weeks.
Initial results appear to check with extant data, leading to a very positive outlook for SURE, which expects full results and the final, detailed reported within the next two weeks. The previous analytical efforts produced a relatively complete mapping of a surface vein system roughly 800m along strike which has previously yielded very promising assay/sampling results:
2m grading 0.63 g/t Au and 698.6 g/t Ag
6m grading 0.33 g/t Au and 226.6 g/t Ag (included 2m at 0.63 g/t Au and 497.3 g/t Ag)
1m grading 0.33 g/t Au and 496.8 g/t Ag
Dump material grading 0.24 g/t Au and 1,027.5 Ag (note the high silver content)
With an option to earn a 70% interest in Los Amoles, SURE has been shrewdly measuring forward momentum; as all efforts to date have been essentially focused on the large magnetic anomaly (4 x 2.5 sq km in size) on the southern edge of the property and analysis thus far indicates this targeted anomaly represents veins of silver-lead with gold that are distal to a larger, buried porphyry system. While this scenario has yet to be thoroughly tested, the geological indices are strong and sampling data alone is cause to proceed, especially when one consider the regional geological make up, as most of the entire region’s top porphyry deposits occur within some 70 km of Los Amoles.
These are promising results for Sonora Resources and shareholders can look forward to reports/analysis coming out soon on Los Amoles.
For more information, please visit the Sonora Resources Corp. website at: www.sonoraresources.com
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Shiloh Industries (SHLO) Posts Balance Sheet Improvements for Fiscal 2011 Q2
Shiloh Industries Inc., a leading manufacturer of various blanks, stampings and modular assemblies for the automotive and truck industry, today reported financial results for the second quarter ended April 30, 2011, posting increases across the board.
Sales for the second quarter of fiscal 2011 were $137.0 million, an increase of 16.3 percent from $117.8 million reported in the second quarter of fiscal year 2010.
Shiloh reported second-quarter net income of $3.4 million, or $0.20 per share diluted, compared to second quarter 2010 net income of $3.1 million, or $0.19 per share diluted.
Theodore K. Zampetis, president and CEO, attributes the quarterly increases to improved vehicle build levels in North America. He also noted that the earthquake and tsunami in Japan affected the production plans of several of the company’s customers, who subsequently had to pull-back on vehicle assembly operations.
Zampetis said the company stayed on track, focusing on its plans to improve quality and productivity; the launch of its new Bowling, Green, Kentucky, facility; and preparing for new program launches.
“Moving forward we are continuing our sharp focus on growing our top and bottom lines through our emphasis on innovative product leadership, customer loyalty, and our passion for operating excellence,” Zampetis stated in the press release.
For more information visit www.shiloh.com
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Sales for the second quarter of fiscal 2011 were $137.0 million, an increase of 16.3 percent from $117.8 million reported in the second quarter of fiscal year 2010.
Shiloh reported second-quarter net income of $3.4 million, or $0.20 per share diluted, compared to second quarter 2010 net income of $3.1 million, or $0.19 per share diluted.
Theodore K. Zampetis, president and CEO, attributes the quarterly increases to improved vehicle build levels in North America. He also noted that the earthquake and tsunami in Japan affected the production plans of several of the company’s customers, who subsequently had to pull-back on vehicle assembly operations.
Zampetis said the company stayed on track, focusing on its plans to improve quality and productivity; the launch of its new Bowling, Green, Kentucky, facility; and preparing for new program launches.
“Moving forward we are continuing our sharp focus on growing our top and bottom lines through our emphasis on innovative product leadership, customer loyalty, and our passion for operating excellence,” Zampetis stated in the press release.
For more information visit www.shiloh.com
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Medical Care Technologies (MDCE) Forms Medical Advisory Board to Drive Expansion Initiatives
Medical Care Technologies Inc., a children’s healthcare service provider in China, today announced the appointment of its new Medical Advisory Board (MAB) to prepare for its early launch of pediatric operations in China.
The company said medical professionals spanning various disciplines have accepted the company’s request to serve on the new MAB: Dr. Mark Langweiler (DC, DAAPM, DACFE); Dr. Zhiping Bu (director of Pediatrics, Nanning Red Cross Hospital); Dr. Peter J. Herbert (MBBS, FRCP); and Dr. Tome Nascimento (MD FACC).
Medical Care noted that new members bring a diverse knowledge base and unique expertise in the fields of integrative medicine, chiropractic neurology, obstetrics and gynecology, accident and emergency, primary care, pediatrics, family medicine, and child health epidemiology.
The MAB is expected to provide and maintain a strategic focus on the company’s healthcare centers, playing an integral role in establishing Medical Care’s market position as a widely recognized pediatric healthcare service provider.
“Welcome! The new MAB members are a vital compliment to us in achieving the next stage toward fulfilling the company’s vision,” Ning Wu, president of Medical Care stated in the press release. “I am delighted in the high level of expertise, skill and reputation our new members will contribute in the realizing of our mission to provide high quality pediatric care in a warm and caring environment to children in China.”
For more information visit www.medicaretechinc.com
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The company said medical professionals spanning various disciplines have accepted the company’s request to serve on the new MAB: Dr. Mark Langweiler (DC, DAAPM, DACFE); Dr. Zhiping Bu (director of Pediatrics, Nanning Red Cross Hospital); Dr. Peter J. Herbert (MBBS, FRCP); and Dr. Tome Nascimento (MD FACC).
Medical Care noted that new members bring a diverse knowledge base and unique expertise in the fields of integrative medicine, chiropractic neurology, obstetrics and gynecology, accident and emergency, primary care, pediatrics, family medicine, and child health epidemiology.
The MAB is expected to provide and maintain a strategic focus on the company’s healthcare centers, playing an integral role in establishing Medical Care’s market position as a widely recognized pediatric healthcare service provider.
“Welcome! The new MAB members are a vital compliment to us in achieving the next stage toward fulfilling the company’s vision,” Ning Wu, president of Medical Care stated in the press release. “I am delighted in the high level of expertise, skill and reputation our new members will contribute in the realizing of our mission to provide high quality pediatric care in a warm and caring environment to children in China.”
For more information visit www.medicaretechinc.com
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Ceelox, Inc. (CELO) Ceelox ID 7 PC Edition Earns “Compatible with Windows 7″ Logo
]Ceelox, Inc. announced yesterday that their Ceelox ID 7 PC Edition software has earned the “Compatible with Windows 7″ logo. This logo indicates that Microsoft Corp. has determined that the product is compatible with Windows 7.
Gerry Euston, Chief Executive Officer, Ceelox, Inc., stated, “With this latest certification, Ceelox can now offer our Ceelox ID PC Edition product across multiple Microsoft platforms e.g. Windows XP, Windows Vista, and Windows 7. Through the use of a fingerprint, Ceelox provides an easy way to secure your personal computer from anyone else accessing your information contained on that computer.”
Ceelox, Inc. has redesigned their authentication approach to take advantage of the capability of Windows 7. As recognized by Microsoft Corp., biometrics is an increasingly popular technology. It helps provide convenient access to systems, services, and resources. Biometrics relies on measuring an unchanging physical characteristic of a person to identify uniquely that person.
Fingerprints are one of the most frequently used biometric characteristics. Millions of fingerprint biometric devices are embedded in personal computers (PCs) and peripherals.
Ceelox ID PC Edition controls local access to a user’s computer. It provides secure login sessions for programs including Microsoft Outlook and other applications requiring traditional user name and password. The authentication of a user’s biometric live swipe matched locally on the computer allows access only to the registered users. This offers increased security; it restricts access to a user’s applications and data on their PC.
Headquartered in Tampa, Florida, Ceelox, Inc. is a developer of biometric security and encryption software solutions. These solutions are for financial institutions, healthcare companies, utilities, government agencies and other organizations for whom information access are key concerns. The Company’s security and encryption tools are easy to deploy, user-friendly, cost-effective and affordable for organizations of all sizes.
For more information visit: www.ceelox.com
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Gerry Euston, Chief Executive Officer, Ceelox, Inc., stated, “With this latest certification, Ceelox can now offer our Ceelox ID PC Edition product across multiple Microsoft platforms e.g. Windows XP, Windows Vista, and Windows 7. Through the use of a fingerprint, Ceelox provides an easy way to secure your personal computer from anyone else accessing your information contained on that computer.”
Ceelox, Inc. has redesigned their authentication approach to take advantage of the capability of Windows 7. As recognized by Microsoft Corp., biometrics is an increasingly popular technology. It helps provide convenient access to systems, services, and resources. Biometrics relies on measuring an unchanging physical characteristic of a person to identify uniquely that person.
Fingerprints are one of the most frequently used biometric characteristics. Millions of fingerprint biometric devices are embedded in personal computers (PCs) and peripherals.
Ceelox ID PC Edition controls local access to a user’s computer. It provides secure login sessions for programs including Microsoft Outlook and other applications requiring traditional user name and password. The authentication of a user’s biometric live swipe matched locally on the computer allows access only to the registered users. This offers increased security; it restricts access to a user’s applications and data on their PC.
Headquartered in Tampa, Florida, Ceelox, Inc. is a developer of biometric security and encryption software solutions. These solutions are for financial institutions, healthcare companies, utilities, government agencies and other organizations for whom information access are key concerns. The Company’s security and encryption tools are easy to deploy, user-friendly, cost-effective and affordable for organizations of all sizes.
For more information visit: www.ceelox.com
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Rainmaker Systems Inc. (RMKR) Announces Launch of New Client for Next-generation B2B Platform
Rainmaker Systems Inc., a leading global provider of B2B e-commerce solutions designed to drive online sales and renewals for products, subscriptions and training for clients and their channel partners, has launched a new e-commerce client on its next-generation B2B e-commerce platform.
The client, a Fortune 500 networking equipment manufacturer, has deployed Rainmaker’s solutions to generate higher revenues in its SMB market by encouraging customers to swap their old networking equipment for new ones from the client.
Rainmaker then steps in to manage the transaction and to drive higher revenues for the clients’ SMB marketplace.
“We are very pleased to be awarded this key new program with an industry leader, reflecting the proven ability of our unique solution that combines B2B online sales and global sales agents to help companies drive more revenue,” Rainmaker CEO Michael Silton stated in the press release. “As the industry continues to mature, we are seeing large companies consistently taking the best practices seen in one product line and expanding that online capability to support multiple product lines globally.”
While Rainmaker opted to not name the client, the company said the client has a complex product suite and corresponding trade-in program that requires product search capability, as well as requires the ability to process multiple transactions under one submission and the provision of proactive customer support when necessary.
For more information visit www.rainmakersystems.com
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The client, a Fortune 500 networking equipment manufacturer, has deployed Rainmaker’s solutions to generate higher revenues in its SMB market by encouraging customers to swap their old networking equipment for new ones from the client.
Rainmaker then steps in to manage the transaction and to drive higher revenues for the clients’ SMB marketplace.
“We are very pleased to be awarded this key new program with an industry leader, reflecting the proven ability of our unique solution that combines B2B online sales and global sales agents to help companies drive more revenue,” Rainmaker CEO Michael Silton stated in the press release. “As the industry continues to mature, we are seeing large companies consistently taking the best practices seen in one product line and expanding that online capability to support multiple product lines globally.”
While Rainmaker opted to not name the client, the company said the client has a complex product suite and corresponding trade-in program that requires product search capability, as well as requires the ability to process multiple transactions under one submission and the provision of proactive customer support when necessary.
For more information visit www.rainmakersystems.com
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Conn’s, Inc. (CONN) Reports Financial Results for First Quarter of Fiscal 2011
Conn’s, Inc. reported year over year declines in sales and net income in the first quarter of fiscal 2012, as the company continued to see weak results in its retail and credit segments.
Conn’s, Inc. reported sales of $189.3 million in the quarter ending 4/30/2011, compared to sales of $197.9 million in the same quarter last year. The company also saw a decline in net income, which came in at $4.0 million, or $0.13 per diluted share, compared to net income of $5.8 million, or $0.26 per diluted share, in the first quarter of fiscal 2011.
The management of Conn’s, Inc. said that same store sales fell by 3.9% in the quarter, as the company saw lower sales in the home office, appliance and consumer electronics product lines.
Conn’s, Inc. experienced an increase in sales volumes in the furniture and mattress category and had retail gross margins of 28.4% in the most recent quarter compared to 28.1% in the first quarter of fiscal 2011.
In the Credit segment, Conn’s, Inc. saw a decline in the total portfolio balance leading to lower interest earned during the quarter. The company also saw an increase in the cost of borrowing during the quarter due to a recent refinancing at the end of fiscal 2011.
For more information on the company, go to www.conns.com
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Conn’s, Inc. reported sales of $189.3 million in the quarter ending 4/30/2011, compared to sales of $197.9 million in the same quarter last year. The company also saw a decline in net income, which came in at $4.0 million, or $0.13 per diluted share, compared to net income of $5.8 million, or $0.26 per diluted share, in the first quarter of fiscal 2011.
The management of Conn’s, Inc. said that same store sales fell by 3.9% in the quarter, as the company saw lower sales in the home office, appliance and consumer electronics product lines.
Conn’s, Inc. experienced an increase in sales volumes in the furniture and mattress category and had retail gross margins of 28.4% in the most recent quarter compared to 28.1% in the first quarter of fiscal 2011.
In the Credit segment, Conn’s, Inc. saw a decline in the total portfolio balance leading to lower interest earned during the quarter. The company also saw an increase in the cost of borrowing during the quarter due to a recent refinancing at the end of fiscal 2011.
For more information on the company, go to www.conns.com
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Aspire International, Inc. (APIT) is “One to Watch”
Aspire International Inc. is a Maryland corporation that recently acquired and now operates a Hong Kong-based international B2C shopping mall, www.mygos.net, “My Global Online Shop” (Mygos), headquartered in Shenzhen, in the Guangdong province of China. Aspire also engages in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southwestern China.
The Company’s Mygos platform enables anyone to start his or her own business online. Mygos currently hosts more than 80,000 active stores. Aspire International’s development plan for Mygos for the rest of this year includes focusing on expanding Mygos’ business in China and South East Asia, including the Hong Kong, Macao and Taiwan markets during this first half of 2011.
In the third quarter of 2011, they will begin promoting Mygos in India, Japan, South Korea and North America. In the fourth quarter of 2011, they will begin promoting Mygos in Australia, New Zealand and Africa. The Company also intends to acquire complementary small to medium-sized e-commerce businesses as opportunities arise.
Mygos offers products in diverse categories. These include Virtual Products, Clothing & Accessories, Beauty, Digital & Home, Home Supplies, Maternal & Child, Food, Style, Service, and Insurance.
Concerning their mineral properties, Aspire International, Inc.’s principal manganese mining target is a property that covers an area of 21.3 square kilometers. It contains 7.4 million metric tons of ore (according to an NI 43-101 compliant report certified by a qualified geologist with over thirty years’ experience). A highly capable Chinese management team leads the on-site operations of this mineral property.
A Letter Of Intent (LOI) was recently executed to acquire a majority interest in a 3.95 square kilometer concession (located in the Guangxi Zhuang Autonomous Region). This concession is known to contain a minimum of five zones of gold mineralization. Two of these zones are in production and considered economically viable. The property (according to government geologists and recent geological survey work) may contain more than one million metric tons of commercially mineable gold-bearing ore. There exists considerable additional potential to expand the resource further.
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The Company’s Mygos platform enables anyone to start his or her own business online. Mygos currently hosts more than 80,000 active stores. Aspire International’s development plan for Mygos for the rest of this year includes focusing on expanding Mygos’ business in China and South East Asia, including the Hong Kong, Macao and Taiwan markets during this first half of 2011.
In the third quarter of 2011, they will begin promoting Mygos in India, Japan, South Korea and North America. In the fourth quarter of 2011, they will begin promoting Mygos in Australia, New Zealand and Africa. The Company also intends to acquire complementary small to medium-sized e-commerce businesses as opportunities arise.
Mygos offers products in diverse categories. These include Virtual Products, Clothing & Accessories, Beauty, Digital & Home, Home Supplies, Maternal & Child, Food, Style, Service, and Insurance.
Concerning their mineral properties, Aspire International, Inc.’s principal manganese mining target is a property that covers an area of 21.3 square kilometers. It contains 7.4 million metric tons of ore (according to an NI 43-101 compliant report certified by a qualified geologist with over thirty years’ experience). A highly capable Chinese management team leads the on-site operations of this mineral property.
A Letter Of Intent (LOI) was recently executed to acquire a majority interest in a 3.95 square kilometer concession (located in the Guangxi Zhuang Autonomous Region). This concession is known to contain a minimum of five zones of gold mineralization. Two of these zones are in production and considered economically viable. The property (according to government geologists and recent geological survey work) may contain more than one million metric tons of commercially mineable gold-bearing ore. There exists considerable additional potential to expand the resource further.
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Verisante Technology Inc. (VRSEF) Begins Trading on the OTCQX
Verisante Technology Inc. is a Canadian medical device company committed to commercializing innovative systems for the early detection of cancer. The company’s exclusive platform technology allows it to develop and offer a range of compact, non-invasive cancer detection devices that offer immediate results for many of the most common cancers.
The company currently has two products on the market. The first product is the Verisante Aura which is a novel multimodality imaging and spectroscopy system designed to aid in the early detection of skin cancer. The second product is the Verisante Core which uses the same basic technology for the early detection of other cancers including lung, colon and cervical.
Verisante Technology announced yesterday that its stock had begun trading on the OTC market’s highest tier for international stocks, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com or www.otcmarkets.com. Verisante’s principal American liaison on OTCQX is Hodgson Russ LLP.
The move to the OTCQX will give the company more visibility and its shareholders superior information on Verisante. The reason behind the move for the company is to build investor confidence and its shareholder base in the United States.
For more information on Verisante Technology, please visit its website at www.verisante.com
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The company currently has two products on the market. The first product is the Verisante Aura which is a novel multimodality imaging and spectroscopy system designed to aid in the early detection of skin cancer. The second product is the Verisante Core which uses the same basic technology for the early detection of other cancers including lung, colon and cervical.
Verisante Technology announced yesterday that its stock had begun trading on the OTC market’s highest tier for international stocks, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com or www.otcmarkets.com. Verisante’s principal American liaison on OTCQX is Hodgson Russ LLP.
The move to the OTCQX will give the company more visibility and its shareholders superior information on Verisante. The reason behind the move for the company is to build investor confidence and its shareholder base in the United States.
For more information on Verisante Technology, please visit its website at www.verisante.com
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Advanced Battery Technologies, Inc. (ABAT) Video Chart for Friday, May 27, 2011
ABAT has taken quite a fall over the last few months, but is showing signs of recovery at this point. A new, higher low appears to be established with a support level forming at $1.40. This will be a key area as technical traders look for further signs of upward movement in the coming days.
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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Thursday, May 26, 2011
Stratus Media Group Inc. (SMDI) Closes $14M Financing, Details Corporate Realignment
Stratus Media Group Inc. is a global owner and operator of live entertainment events and owner of the Stratus Rewards Visa White Card, a premium lifestyle membership club. The company today announced it has successfully closed a round of financing that delivered gross proceeds of $14.1 million. Maxim Group LLC served as a placement agent for $8 million; Fusao Assets S.A. served as a placement agent for $3 million.
“Since Stratus was founded, we have made significant progress in building a large portfolio of assets and preparing to monetize those assets into revenues,” Paul Feller, president and CEO stated in the press release. “This financing will allow us to implement business plans for multiple verticals, produce live entertainment events, and initiate the Stratus Rewards Visa White Card program.”
To execute its plans to grow both domestically and internationally, Straus has realigned its properties into five vertical divisions: film, music, motorsports, action sports, and Stratus Rewards.
“All divisions within Stratus are aligned with a common set of objectives,” Feller stated, “and this financing will allow our management team to implement the business plan that we believe will provide for growth in global revenues and ‘top of mind’ awareness of the Stratus brands.”
By refocusing its efforts, paired with the necessary funding and placement of key personnel, Stratus expects to advance its business plan and position itself as a leading global provider of live entertainment and lifestyle branding opportunities.
Feller said the company will continue to offer its lifestyle events while it reaches out to saturate other emerging global entertainment markets such as digital entertainment and commerce.
Stratus anticipates it will receive an additional $2 million in gross proceeds through the sale of preferred stock and warrants over the next several months.
For more information visit www.stratusmediagroup.com or www.stratusrewards.com
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“Since Stratus was founded, we have made significant progress in building a large portfolio of assets and preparing to monetize those assets into revenues,” Paul Feller, president and CEO stated in the press release. “This financing will allow us to implement business plans for multiple verticals, produce live entertainment events, and initiate the Stratus Rewards Visa White Card program.”
To execute its plans to grow both domestically and internationally, Straus has realigned its properties into five vertical divisions: film, music, motorsports, action sports, and Stratus Rewards.
“All divisions within Stratus are aligned with a common set of objectives,” Feller stated, “and this financing will allow our management team to implement the business plan that we believe will provide for growth in global revenues and ‘top of mind’ awareness of the Stratus brands.”
By refocusing its efforts, paired with the necessary funding and placement of key personnel, Stratus expects to advance its business plan and position itself as a leading global provider of live entertainment and lifestyle branding opportunities.
Feller said the company will continue to offer its lifestyle events while it reaches out to saturate other emerging global entertainment markets such as digital entertainment and commerce.
Stratus anticipates it will receive an additional $2 million in gross proceeds through the sale of preferred stock and warrants over the next several months.
For more information visit www.stratusmediagroup.com or www.stratusrewards.com
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Sen Yu International Holdings, Inc. (CSWG) Anticipates Gains from Increased Hog Prices
Sen Yu international Holdings, Inc., a leader in breeding, raising, and distributing commercial hogs and piglets to the slaughter facilities and distributors in the People’s Republic of China, announced that it expects increasing hog prices to help increase breeders’ profits and expects long-term demand for its commercial breeding hogs based upon increased consumption by Chinese consumers.
Dow Jones Newswires reported a week prior that higher hog prices are supporting U.S. pork exports to China and a swift expansion of the domestic herds for this year, with Chinese piglet prices increasing by 50% thus far to three-year highs, in accordance with a note that was released by the U.S. Department of Agriculture on May 19, 2011. Weaker domestic prices for the first half of 2010 and diseases reduced Chinese herds sharply, which caused a pork shortage in the country that is potentially more severe than was initially expected, according to the USDA’s Beijing-based Foreign Agriculture Services.
The increases in pork prices nationwide took off last month when certain farms in one of the country’s major pig breeding areas were reported to have given the pigs an illegal drug in their food to produce more lean meat. China’s biggest meat processor learned that certain pigs in Henan and other farms have been affected by the lean-meat producing drugs and the facilities were shut down as a result. This added to the supply shortage and helped push prices higher. In accordance to a recent report in the Want China Times, increased feed and labor costs, along with supplies that fall short of the demands in the market, are more likely to keep pig and pork prices at higher levels during the second quarter for this year, and even reach a new high later.
“Though higher prices for pork will likely encourage more hog farmers to enter the industry, Sen Yu has a well-established brand and is the leading commercial hog breeder and supplier in Heilongjiang Province,” commented Mr. Zhenyu (Jack) Shang, Founder, Chairman and CEO of Sen Yu International Holdings, Inc. “In our most recent fiscal third quarter, we experienced higher revenue and gross profit and very significant increases in gross margins due to strong increases in average market prices for commercial hogs. As a result, gross margin in the fiscal third quarter increased 27.2% versus 17.9% for the same period last year, and net margin rose to 19.3% versus 9.7% a year ago. While prices may fluctuate over time, we believe that strong demand from Chinese consumers for high quality pork coupled with rising domestic incomes and economic expansion will stimulate even greater demand for our superior breeding and commercial hogs.”
For more information on the Company and its products, visit their company website: http://www.hljsenyu.com
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Dow Jones Newswires reported a week prior that higher hog prices are supporting U.S. pork exports to China and a swift expansion of the domestic herds for this year, with Chinese piglet prices increasing by 50% thus far to three-year highs, in accordance with a note that was released by the U.S. Department of Agriculture on May 19, 2011. Weaker domestic prices for the first half of 2010 and diseases reduced Chinese herds sharply, which caused a pork shortage in the country that is potentially more severe than was initially expected, according to the USDA’s Beijing-based Foreign Agriculture Services.
The increases in pork prices nationwide took off last month when certain farms in one of the country’s major pig breeding areas were reported to have given the pigs an illegal drug in their food to produce more lean meat. China’s biggest meat processor learned that certain pigs in Henan and other farms have been affected by the lean-meat producing drugs and the facilities were shut down as a result. This added to the supply shortage and helped push prices higher. In accordance to a recent report in the Want China Times, increased feed and labor costs, along with supplies that fall short of the demands in the market, are more likely to keep pig and pork prices at higher levels during the second quarter for this year, and even reach a new high later.
“Though higher prices for pork will likely encourage more hog farmers to enter the industry, Sen Yu has a well-established brand and is the leading commercial hog breeder and supplier in Heilongjiang Province,” commented Mr. Zhenyu (Jack) Shang, Founder, Chairman and CEO of Sen Yu International Holdings, Inc. “In our most recent fiscal third quarter, we experienced higher revenue and gross profit and very significant increases in gross margins due to strong increases in average market prices for commercial hogs. As a result, gross margin in the fiscal third quarter increased 27.2% versus 17.9% for the same period last year, and net margin rose to 19.3% versus 9.7% a year ago. While prices may fluctuate over time, we believe that strong demand from Chinese consumers for high quality pork coupled with rising domestic incomes and economic expansion will stimulate even greater demand for our superior breeding and commercial hogs.”
For more information on the Company and its products, visit their company website: http://www.hljsenyu.com
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VIASPACE, Inc. (VSPC) and the Grassoline Revolution
For many, the growing move away from fossil fuels brings to mind the replacement of large coal, gas, or oil burning power plants with any one of several alternative energy solutions. What is too often forgotten is that fossil fuels, especially oil, are also used for other things. Most of the oil used by the U.S. (the biggest oil consumer) is not used to generate electricity. 44% of the oil used by the U.S. goes to gasoline production, while a substantial 18% goes to the production of plastics, asphalt, and other materials.
While there are many renewable resources proposed for the generation of electricity, the problem of how best to replace gasoline and plastics and all of the other fossil-based chemicals is not as easily addressed. The use of electric cars plugged into green power plants may sound attractive, but will require major long-term changes at both ends of the link. And all of those electric cars would depend upon, among other things, lightweight plastics which green power plants cannot produce.
But there is a technology that offers an answer. Biomass technology, unlike other green technologies, can be applied to both the large scale generation of electricity and the production of mobile fuels, as well as the growing number of complex chemicals that we’ve all learned to depend upon.
Although many of the technical issues involving the use of biomass have already been solved, the biomass industry has until recently faced the same roadblock hindering other green industries, the cost challenge. The use of waste agricultural materials as a biomass source has been problematic, with costs and supplies hard to predict. The use of dedicated crops is more reliable, but the length of time required for growth, replanting, and harvesting has proved costly.
Viaspace, Inc., developers of Giant King Grass (GKG), an ultra-fast growing proprietary hybrid grass, have cleared that last hurdle. GKG grows so fast, requiring no replanting, that it can be harvested continuously throughout the year, resulting in 4 times the yield of switchgrass in terms of tons per acre, and 10 times the yield of corn stover. In addition to being a cost-effective and zero-carbon footprint replacement for coal in power plants, zero-carbon due to the carbon absorbed during the growth cycle, GKG can also be converted into mobile fuels such as ethanol, methanol, diesel and gasoline (collectively known as “grassoline”). And it can be used as a feedstock for the production of bio plastics and other materials now being actively researched by many energy and chemical companies.
For additional information, visit the company’s website at www.ViaSpace.com, or the company’s Giant King Grass products site at www.ViaSpaceGreenEnergy.com
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While there are many renewable resources proposed for the generation of electricity, the problem of how best to replace gasoline and plastics and all of the other fossil-based chemicals is not as easily addressed. The use of electric cars plugged into green power plants may sound attractive, but will require major long-term changes at both ends of the link. And all of those electric cars would depend upon, among other things, lightweight plastics which green power plants cannot produce.
But there is a technology that offers an answer. Biomass technology, unlike other green technologies, can be applied to both the large scale generation of electricity and the production of mobile fuels, as well as the growing number of complex chemicals that we’ve all learned to depend upon.
Although many of the technical issues involving the use of biomass have already been solved, the biomass industry has until recently faced the same roadblock hindering other green industries, the cost challenge. The use of waste agricultural materials as a biomass source has been problematic, with costs and supplies hard to predict. The use of dedicated crops is more reliable, but the length of time required for growth, replanting, and harvesting has proved costly.
Viaspace, Inc., developers of Giant King Grass (GKG), an ultra-fast growing proprietary hybrid grass, have cleared that last hurdle. GKG grows so fast, requiring no replanting, that it can be harvested continuously throughout the year, resulting in 4 times the yield of switchgrass in terms of tons per acre, and 10 times the yield of corn stover. In addition to being a cost-effective and zero-carbon footprint replacement for coal in power plants, zero-carbon due to the carbon absorbed during the growth cycle, GKG can also be converted into mobile fuels such as ethanol, methanol, diesel and gasoline (collectively known as “grassoline”). And it can be used as a feedstock for the production of bio plastics and other materials now being actively researched by many energy and chemical companies.
For additional information, visit the company’s website at www.ViaSpace.com, or the company’s Giant King Grass products site at www.ViaSpaceGreenEnergy.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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America West Resources, Inc. (AWSR) Completes Development of Horizon Coal Mine in Utah, Increased Production and Reduced Overhead Improves...
America West Resources, Inc. (AWSR) Completes Development of Horizon Coal Mine in Utah, Increased Production and Reduced Overhead Improves Profitability
America West Resources, an established company positioned to make huge moves in domestic coal production, with a firm production base already established in Utah, reported initiation of full production at the Horizon Coal Mine in Carbon County (roughly 120 miles outside Salt Lake City) today.
Mine development has been completed on schedule via room and pillar, with today marking the end of a three-year process that has networked a five tunnel (20 feet wide) system extending up to three miles. Shuttle car and conveyor belt systems have been installed, as well as the electrical and water supply necessary to conduct full production at optimal levels.
With an estimated 16M recoverable tons of high quality thermal coal reserves now accessible for production within the 1,640 acre mining leasehold, the Horizon Coal Mine is an extremely well appointed and carved out front end capable of supporting in excess of 60k ton per month output rates with two continuous miners. Having already produced some 1.6M tons, the Horizon Coal Mine activity should place AWSR in positive cash flow this quarter, leading to a plan by the Company for expanding output at Horizon to 90k tons per month (over 1M tons per year) via the addition of another continuous miner in the second part of 2011.
With roughly 39% of the world’s electricity coming from coal and some 135 new coal plants under construction worldwide, the export market for domestically produced coal is really starting to heat up. America West is adroitly exploiting this key opportunity to expand on its existing strengths in the mining of high BTU compliant (low-sulfur) coal and subsequent sale to utilities/industry in the western US, positioning the Company for significant growth as a strong global supplier as well.
Between emergent technologies like coal gasification, which is an extremely versatile, highly efficient and environmentally sound processing technology, and coal to diesel conversion technology, America’s vast coal reserves are becoming increasingly attractive. With more than half of the US power supply projected to be coming from coal in 2025, AWSR is able to carve out a nice chunk of the domestic market, where 97% of all coal consumed comes from domestic production.
President and CEO of AWSR, Dan Baker, commented on the transitioning to mobile roof supports or MRSs to replace the remaining pillars of material in preparation for maximum production and explained how this process reduces the maintenance overhead substantially throughout the mine.
Baker pointed to future developments at Horizon planned by AWSR, like the implementation of a longwall mining system, which would increase output capacity to somewhere in the three to six million tons per year range. Baker concluded that implementation of a longwall system would require additional financing and thanked the rock steady support of John Thomas Financial in helping to finance Horizon to its current full production status.
Baker called this milestone achievement for AWSR an “inflexion point” for the Company and expressed great confidence that the “future has never looked brighter” for America West Resources.
For more information on America West Resources, please visit the Company’s website at: www.americacoal.com
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America West Resources, an established company positioned to make huge moves in domestic coal production, with a firm production base already established in Utah, reported initiation of full production at the Horizon Coal Mine in Carbon County (roughly 120 miles outside Salt Lake City) today.
Mine development has been completed on schedule via room and pillar, with today marking the end of a three-year process that has networked a five tunnel (20 feet wide) system extending up to three miles. Shuttle car and conveyor belt systems have been installed, as well as the electrical and water supply necessary to conduct full production at optimal levels.
With an estimated 16M recoverable tons of high quality thermal coal reserves now accessible for production within the 1,640 acre mining leasehold, the Horizon Coal Mine is an extremely well appointed and carved out front end capable of supporting in excess of 60k ton per month output rates with two continuous miners. Having already produced some 1.6M tons, the Horizon Coal Mine activity should place AWSR in positive cash flow this quarter, leading to a plan by the Company for expanding output at Horizon to 90k tons per month (over 1M tons per year) via the addition of another continuous miner in the second part of 2011.
With roughly 39% of the world’s electricity coming from coal and some 135 new coal plants under construction worldwide, the export market for domestically produced coal is really starting to heat up. America West is adroitly exploiting this key opportunity to expand on its existing strengths in the mining of high BTU compliant (low-sulfur) coal and subsequent sale to utilities/industry in the western US, positioning the Company for significant growth as a strong global supplier as well.
Between emergent technologies like coal gasification, which is an extremely versatile, highly efficient and environmentally sound processing technology, and coal to diesel conversion technology, America’s vast coal reserves are becoming increasingly attractive. With more than half of the US power supply projected to be coming from coal in 2025, AWSR is able to carve out a nice chunk of the domestic market, where 97% of all coal consumed comes from domestic production.
President and CEO of AWSR, Dan Baker, commented on the transitioning to mobile roof supports or MRSs to replace the remaining pillars of material in preparation for maximum production and explained how this process reduces the maintenance overhead substantially throughout the mine.
Baker pointed to future developments at Horizon planned by AWSR, like the implementation of a longwall mining system, which would increase output capacity to somewhere in the three to six million tons per year range. Baker concluded that implementation of a longwall system would require additional financing and thanked the rock steady support of John Thomas Financial in helping to finance Horizon to its current full production status.
Baker called this milestone achievement for AWSR an “inflexion point” for the Company and expressed great confidence that the “future has never looked brighter” for America West Resources.
For more information on America West Resources, please visit the Company’s website at: www.americacoal.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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