Kratos Defense & Security Solutions, Inc. (KTOS) Recognized for Masterful Herley Acquisition, Growing Dominance in Engineering/Manufacturing National Security Solutions
Kratos, continues to gain dominance in the field of highly specialized national security technology and providing a complete mission critical products/services envelope, reporting today successful nomination for two separate, influential awards in IT and middle marketing for the recent Herley Industries, Inc. acquisition at the 10th Annual M&A Advisor Awards Gala, held at the New York Athletic Club, NY this Dec. 13.
Senior Markets Desk Reporter for Bloomberg, Julie Hyman, hosted the event, where both award nominations were conferred upon KTOS simultaneously for the Herley deal, seen by many as real masterstroke:
2012 Information Technology Award – $100M and over
2011 Middle Market Deal of the Year – $250-400M
Herley’s infrastructural competencies extend KTOS’s own striking distance beautifully, bringing the industry-leading design, development and manufacturing expertise in defense/aerospace microwave technology for which Herley is known, to the table alongside the Company’s own deep proficiencies in manufacturing and engineering related to National Security platforms/programs.
Herley already has solid footing in a variety of key US national security related programs/platforms and the acquisition of this Woburn, MA-based shop adds robust vectors to KTOS’s seven-facility manufacturing (~1k employee) Weapons Systems Solutions Division, into which the acquisition was integrated.
Great news for KTOS, following fast on the heels of the announcement Dec. 12, that the Company was recognized at this year’s M&A Advisor Deals of the Decade Celebration at the Museum of American Finance, with the 2009 Turnaround of the Year Award.
President and CEO of KTOS, Eric DeMarco, beamed with enthusiasm at being recognized once more by the prestigious M&A Advisor Awards, recognition which boldly underlines the outstanding success of KTOS’s M&A Team, as well as the integration team which spearheads such momentum building acquisitions. DeMarco pointed to this clear recognition of the Company’s “continued execution” of the strategic business plan to create the “C5ISR focused engineering, technology and specialty products based National Security Solutions provider in the industry.”
Senior VP of the Strategy and Corporate Development Division at KTOS, James Cotter, echoed this enthusiasm and detailed the exceptional microwave/specialty platforms experience Herley ads to the mix, pointing to growing dependence on such capabilities by a number of critical US infrastructure like the EA-18G Electronic Attack Aircraft and a host of other Ballistic Missile Defense Programs.
For more information on the nominations/awards or for more information on Kratos Defense & Security Solutions, Inc. and the Company’s numerous engineering and technical capabilities in a spectrum of high security cleared environments, or on the Herley acquisition itself, please visit the Company’s website at: www.KratosDefense.com
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Friday, December 30, 2011
Cannabis Science (CBIS) issues Sales Guidance and Outlook for Upcoming Year
Cannabis Science Inc., a pioneering U.S. biotech company developing pharmaceutical cannabis products, today provided sales guidance and outlook for 2012.
The company focuses on three main markets for Cannabis Science Brand formulations for distribution: FDA approved prescriptions; OTC Non-psychoactive Neutroceuticals; and licensed dispensaries in the 16 legal Medical Marijuana states. Cannabis Science works with federal, state and local regulatory agencies, as well as similar agencies in other countries, including Health Canada.
Cannabis Science forecasts 2012 sales at $6.84 million with the potential to increase to $65.74 million, or $0.02 per share, in 2014. The above-average growth in sales and revenue from 2012 to 2014 stems from the company’s plan to expand into additional states and international markets over the next three years through the release of additional formulations and a higher number of license agreements.
This forecast includes sales from the company’s MEDBOX strategic alliance as well as revenues from its licensing fees from cannabis-extract based formulations.
“Cannabis Science announced intention to have a quarterly conference call to update shareholders and investors in 2012 to track the progress Cannabis Science is making towards its goals. This type of sales forecast communication is a great place to begin to have a more serious conversation between the company and investors both present and future, in regards to the earnings potential for our company in this industry,” Dr. Robert Melamede, CEO, president and director of Cannabis Science stated in the press release. ‘
These projected sales not only translate into shareholder value but these revenues also generate taxes into the economy and create jobs. We acknowledge and understand that these numbers are just a forecast and may be revised over time 1as we go forward and develop our global sales team.”
In addition, Cannabis Science also prepared a model to forecast sales in the event that the FDA approves the company’s license application for its cannabis-extract based formulations. In this case, the company forecasts average sales of $279.12 million in annual sales and revenue of each of the company’s cannabis-extract based formulations.
Cannabis Science said it has identified 20 different medical conditions and nine different cancers for which its formulations might generate profit for in the next ten years.
For more information visit www.cannabisscience.com
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The company focuses on three main markets for Cannabis Science Brand formulations for distribution: FDA approved prescriptions; OTC Non-psychoactive Neutroceuticals; and licensed dispensaries in the 16 legal Medical Marijuana states. Cannabis Science works with federal, state and local regulatory agencies, as well as similar agencies in other countries, including Health Canada.
Cannabis Science forecasts 2012 sales at $6.84 million with the potential to increase to $65.74 million, or $0.02 per share, in 2014. The above-average growth in sales and revenue from 2012 to 2014 stems from the company’s plan to expand into additional states and international markets over the next three years through the release of additional formulations and a higher number of license agreements.
This forecast includes sales from the company’s MEDBOX strategic alliance as well as revenues from its licensing fees from cannabis-extract based formulations.
“Cannabis Science announced intention to have a quarterly conference call to update shareholders and investors in 2012 to track the progress Cannabis Science is making towards its goals. This type of sales forecast communication is a great place to begin to have a more serious conversation between the company and investors both present and future, in regards to the earnings potential for our company in this industry,” Dr. Robert Melamede, CEO, president and director of Cannabis Science stated in the press release. ‘
These projected sales not only translate into shareholder value but these revenues also generate taxes into the economy and create jobs. We acknowledge and understand that these numbers are just a forecast and may be revised over time 1as we go forward and develop our global sales team.”
In addition, Cannabis Science also prepared a model to forecast sales in the event that the FDA approves the company’s license application for its cannabis-extract based formulations. In this case, the company forecasts average sales of $279.12 million in annual sales and revenue of each of the company’s cannabis-extract based formulations.
Cannabis Science said it has identified 20 different medical conditions and nine different cancers for which its formulations might generate profit for in the next ten years.
For more information visit www.cannabisscience.com
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Spare Backup Inc. (SPBU) Obtains $160,000 Purchase Order
On December 30, Spare Backup announced that it has received a $160,000 purchase order for a custom security upgrade. The upgrade is in preparation for a new mobile product launch with a UK financial services organization, scheduled to take place in January 2012.
Spare Backup is focused on providing mobile device and PC backup/security services for both consumers and small-to-medium businesses. Spare Backup’s software protects sensitive data, and can operate on both a continuous basis or by a user-programmed schedule. Spare Backup’s software is the first totally automated cloud-based backup service, and is used throughout North America and Europe.
The security upgrades that Spare Backup is implementing will allow their portals, websites and various interfaces to integrate with the security standards of the financial organization the company is working with. These upgrades are intended to be completed before the January launch of the security system, which will affect more than four million of the financial organizations’ banking and insurance customers in the UK. This system launch, in conjunction with other product launches throughout 2012, is causing Spare Backup to anticipate profitability in the form of and excess of $0.05 per share.
“The ability to reach customers within the financial services industry is a key component of our overall marketing strategy. As mobile applications become more sophisticated, the need for mobile security and parental controls grows in tandem,”said Cery Perle, President and CEO of Spare Backup. “Customizing our interfaces and encryptions with the unique standards of large scale financial services and insurance companies is critical to our success in this segment of our business. We are confident in the ability of our software team to deliver effective solutions to our distribution partners as we begin our progressive launches and reach out to millions of potential customers in 2012. We continue to see reaching profitability in 2012 as we roll out into Europe and North America in the coming quarters to build a strong recurring revenue base for years to come.”
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Spare Backup is focused on providing mobile device and PC backup/security services for both consumers and small-to-medium businesses. Spare Backup’s software protects sensitive data, and can operate on both a continuous basis or by a user-programmed schedule. Spare Backup’s software is the first totally automated cloud-based backup service, and is used throughout North America and Europe.
The security upgrades that Spare Backup is implementing will allow their portals, websites and various interfaces to integrate with the security standards of the financial organization the company is working with. These upgrades are intended to be completed before the January launch of the security system, which will affect more than four million of the financial organizations’ banking and insurance customers in the UK. This system launch, in conjunction with other product launches throughout 2012, is causing Spare Backup to anticipate profitability in the form of and excess of $0.05 per share.
“The ability to reach customers within the financial services industry is a key component of our overall marketing strategy. As mobile applications become more sophisticated, the need for mobile security and parental controls grows in tandem,”said Cery Perle, President and CEO of Spare Backup. “Customizing our interfaces and encryptions with the unique standards of large scale financial services and insurance companies is critical to our success in this segment of our business. We are confident in the ability of our software team to deliver effective solutions to our distribution partners as we begin our progressive launches and reach out to millions of potential customers in 2012. We continue to see reaching profitability in 2012 as we roll out into Europe and North America in the coming quarters to build a strong recurring revenue base for years to come.”
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JA Solar Holdings Co., Ltd., (JASO) Announces Exclusive Deal To Supply 19 MW Solar Modules For Utility Scale Solar Power Project In Germany
JA Solar Holdings Co. Ltd, one of the world’s largest manufacturers of high-performance solar cells and solar power products, today announced an exclusive deal with Solarhybrid AG (SHL) a Germany-based project developer and general contractor for turn-key utility-scale solar power projects, to supply 19 MW of high-efficiency solar modules to the Allstedt I solar power plant in Halle, Germany. The Allstedt I power plant should generate 19,030,000 kWh of electricity annually by the end of this year when it is connected to the grid. The project will also reduce CO2 emissions by 266,381 tons over its expected 20 years of service.
“We are delighted to work with Solarhybrid as the exclusive module supplier to the Allstedt I solar power project,” said Dr. Peng Fang, CEO, JA Solar in a recent press release. “As this project demonstrates, demand and support for solar energy are strong in Germany. We look forward to working closely with Solarhybrid to ensure the success of this project and to take advantage of future growth opportunities in Germany and beyond.”
Since 2005, JA Solar has manufactured high-performing solar power products to sell worldwide and in 2010 established itself as the world leader in solar cell production shipping 1.46 GW over the course of the year. Revenues for 2010 totaled $1.78 billion up 211% from 2009. JA Solar was first in terms of solar cells produced and shipped globally in Q3 2010 according to reports published in SolarBuzz and IMS Research.
“Following a stringent supplier selection process, we are very pleased to choose JA Solar, a proven provider of industry leading solar products, as our partner for this project. JA Solar’s cost-effective, high-efficiency solutions will enable us to maximize the return on investment in this project. With JA Solar’s support, we look forward to opening the Allstedt I power plant by end of this year,” said Tom Schroder, CEO, Solarhybrid in the press release.
JA Solar ships its solar power products to solar manufacturers who assemble and integrate the solar cells into modules and systems designed to convert sunlight into electricity for utility-scale power generation. The Solarhybrid deal is expected to reach approximately 40 MW of total modules shipped by 2011 which includes the 19MW to be used for the Allstedt I project.
For more information, please visit www.jasolar.com and www.solarhybrid.ag
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“We are delighted to work with Solarhybrid as the exclusive module supplier to the Allstedt I solar power project,” said Dr. Peng Fang, CEO, JA Solar in a recent press release. “As this project demonstrates, demand and support for solar energy are strong in Germany. We look forward to working closely with Solarhybrid to ensure the success of this project and to take advantage of future growth opportunities in Germany and beyond.”
Since 2005, JA Solar has manufactured high-performing solar power products to sell worldwide and in 2010 established itself as the world leader in solar cell production shipping 1.46 GW over the course of the year. Revenues for 2010 totaled $1.78 billion up 211% from 2009. JA Solar was first in terms of solar cells produced and shipped globally in Q3 2010 according to reports published in SolarBuzz and IMS Research.
“Following a stringent supplier selection process, we are very pleased to choose JA Solar, a proven provider of industry leading solar products, as our partner for this project. JA Solar’s cost-effective, high-efficiency solutions will enable us to maximize the return on investment in this project. With JA Solar’s support, we look forward to opening the Allstedt I power plant by end of this year,” said Tom Schroder, CEO, Solarhybrid in the press release.
JA Solar ships its solar power products to solar manufacturers who assemble and integrate the solar cells into modules and systems designed to convert sunlight into electricity for utility-scale power generation. The Solarhybrid deal is expected to reach approximately 40 MW of total modules shipped by 2011 which includes the 19MW to be used for the Allstedt I project.
For more information, please visit www.jasolar.com and www.solarhybrid.ag
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ARCA biopharma (ABIO) receives Patent for Methods of Treatment with Bucindolol
ARCA biopharma Inc., a biopharmaceutical company developing genetically targeted therapies for cardiovascular diseases, has been awarded a patent from the U.S. Patent and Trademark Office (USPTO) for the company’s methods of treating patients with bucindolol based on genetic targeting and focused on a specific genotype (homozygous wildtype for Deletion 322-325 in the alpha-2C adrenergic receptor).
The patent entitled “Methods for Treatment with Bucindolol Based on Genetic Targeting” provides patent protection in the United States for the company’s approach to treating patients with bucindolol.
Dr. Michael Bristow, CEO of ARCA biopharma, emphasized the challenges surrounding cardiovascular diseases and how new therapies can address these challenges.
“We are obviously pleased with the USPTO’s issuance of this patent, which we believe extends our pharmacogenetic intellectual property protection around bucindolol,” Dr. Bristow stated in the press release. “Chronic cardiovascular diseases continue to be a major health care problem, and among the challenges to improving care is the uncertainty of patient responses to drug treatment. We believe new therapies that include a simple test to identify a substantial subpopulation of patients more likely to benefit have the potential to alleviate some of the problems encountered with the current standard of pharmacotherapy, where all members of a disease cohort, including those who will not respond, are treated.”
Dr. Bristow said bucindolol is exclusive in its ability to lower the hormone responsible for increasing blood pressure and rate and depth of breathing, as well as raising blood sugar levels and decreasing activity of the intestines.
“A unique pharmacologic property of bucindolol is norepinephrine lowering, and bucindolol’s heart failure clinical responses demonstrated in a large phase 3 clinical trial (BEST) were modulated by this important effect. … Accordingly, we believe prospective knowledge … allows for prediction of the degree of norepinephrine lowering by bucindolol in an individual patient,” Dr. Bristow concluded.
For more information visit www.arcabiopharma.com
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The patent entitled “Methods for Treatment with Bucindolol Based on Genetic Targeting” provides patent protection in the United States for the company’s approach to treating patients with bucindolol.
Dr. Michael Bristow, CEO of ARCA biopharma, emphasized the challenges surrounding cardiovascular diseases and how new therapies can address these challenges.
“We are obviously pleased with the USPTO’s issuance of this patent, which we believe extends our pharmacogenetic intellectual property protection around bucindolol,” Dr. Bristow stated in the press release. “Chronic cardiovascular diseases continue to be a major health care problem, and among the challenges to improving care is the uncertainty of patient responses to drug treatment. We believe new therapies that include a simple test to identify a substantial subpopulation of patients more likely to benefit have the potential to alleviate some of the problems encountered with the current standard of pharmacotherapy, where all members of a disease cohort, including those who will not respond, are treated.”
Dr. Bristow said bucindolol is exclusive in its ability to lower the hormone responsible for increasing blood pressure and rate and depth of breathing, as well as raising blood sugar levels and decreasing activity of the intestines.
“A unique pharmacologic property of bucindolol is norepinephrine lowering, and bucindolol’s heart failure clinical responses demonstrated in a large phase 3 clinical trial (BEST) were modulated by this important effect. … Accordingly, we believe prospective knowledge … allows for prediction of the degree of norepinephrine lowering by bucindolol in an individual patient,” Dr. Bristow concluded.
For more information visit www.arcabiopharma.com
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FluoroPharma Medical, Inc. (FPMI) Announces Appointment Of Lawrence Atinsky To Board Of Directors
FluoroPharma Medical, a biopharmaceutical company providing proprietary PET imaging products to evaluate cardiac disease at the cellular and molecular levels, announced today that it has appointed Lawrence Atinsky to its Board of Directors. The appointment is effective January 3, 2012.
Mr. Atinsky has worked closely with a number of biotechnology companies over the past ten years, helping them execute their strategic growth plans, and is currently a partner at Ascent Biomedical Ventures. Ascent is a venture capital firm targeting early stage biomedical technology companies developing medical devices, biopharmaceuticals, healthcare services, and information technology. Prior to joining Ascent, Mr. Atinsky was an attorney at Skadden Arps where he specialized in mergers and acquisitions.
FluoroPharma President and CEO, Thijs Spoor, commented on the appointment: “I am delighted to welcome Lawrence to the FluoroPharma Board. His legal background, along with his extensive biotech business experience, brings invaluable knowledge and will complement the considerable expertise of the Board.”
FluoroPharma’s focus is the development of breakthrough positron emission tomography (PET) imaging agents for the efficient detection and assessment of acute and chronic forms of coronary artery disease. The goal is to enable personalized medicine through advanced imaging products that will help the medical community diagnose disease more accurately at the earliest stages, leading to more effective treatment, management, and better patient outcomes. The company is currently advancing two products in clinical trials for assessment of acute and chronic forms of coronary disease. Other products in development include agents for detection of inflamed atherosclerotic plaque in peripheral arteries, agents with the potential to image Alzheimer’s disease, and agents that could potentially be used for imaging specific cancers.
For more information, see the company website at www.FluoroPharma.com
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Mr. Atinsky has worked closely with a number of biotechnology companies over the past ten years, helping them execute their strategic growth plans, and is currently a partner at Ascent Biomedical Ventures. Ascent is a venture capital firm targeting early stage biomedical technology companies developing medical devices, biopharmaceuticals, healthcare services, and information technology. Prior to joining Ascent, Mr. Atinsky was an attorney at Skadden Arps where he specialized in mergers and acquisitions.
FluoroPharma President and CEO, Thijs Spoor, commented on the appointment: “I am delighted to welcome Lawrence to the FluoroPharma Board. His legal background, along with his extensive biotech business experience, brings invaluable knowledge and will complement the considerable expertise of the Board.”
FluoroPharma’s focus is the development of breakthrough positron emission tomography (PET) imaging agents for the efficient detection and assessment of acute and chronic forms of coronary artery disease. The goal is to enable personalized medicine through advanced imaging products that will help the medical community diagnose disease more accurately at the earliest stages, leading to more effective treatment, management, and better patient outcomes. The company is currently advancing two products in clinical trials for assessment of acute and chronic forms of coronary disease. Other products in development include agents for detection of inflamed atherosclerotic plaque in peripheral arteries, agents with the potential to image Alzheimer’s disease, and agents that could potentially be used for imaging specific cancers.
For more information, see the company website at www.FluoroPharma.com
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IVAX Diagnostics (IVD) Amends Major Stock Purchase Agreement With ERBA Diagnostics
Miami-based IVAX Diagnostics, an in-vitro diagnostics company, has entered into an amendment to an April 8, 2011, agreement with ERBA Diagnostics Mannheim GmbH, in which IVAX agreed to sell to ERBA 20 million shares of IVAX common stock at a price of $0.75 per share, plus warrants to purchase an additional 20 million shares, with the purchases spread over three separate closings.
The amendment changes the terms relating to the timing of the second closing and the final closing. Instead of the second closing occurring 6 months or less after the initial closing, it will now occur 60 days after the date on which a majority of the independent directors on IVAX Diagnostics’ Board of Directors determines by vote or written consent that the second closing shall occur. Instead of the final closing occurring one year or less after the initial closing, it will now occur after or simultaneously with the second closing, 60 days after the date on which a majority of the independent directors on IVAX Diagnostics’ Board of Directors determines by vote or written consent that the final closing shall occur.
The amendment basically gives IVAX more flexibility in controlling the timing of the associated transactions. IVAX President, CEO, and COO, Kevin Clark, said of the amendment: “We are pleased that, through this Amendment to the Stock Purchase Agreement, the independent directors on our Board of Directors will be able to trigger the timing of the consummation of the Second Closing and the Final Closing based upon IVAX Diagnostics’ cash requirements, including for funding the continued growth and development of our business and working capital requirements, and for possible acquisitions and strategic opportunities. This Amendment to the Stock Purchase Agreement will also have the effect of moving the timing of the dilutive impact that would be caused by the issuance to ERBA Diagnostics Mannheim of additional shares of IVAX Diagnostics’ common stock at the Second Closing and the Final Closing. We are also excited to report that, principally due to the expected relative improvement in our operations and the expected relative reduction in the rate of our use of cash during the fourth quarter of 2011, we believe that the immediacy of our need for additional cash has diminished.”
ERBA already owns, directly or indirectly, 26,701,380 shares of IVAX Diagnostics’ common stock, or approximately 77.6% of the issued and outstanding shares of IVAX Diagnostics’ common stock.
IVAX Diagnostics develops, manufactures and distributes in the United States and internationally, proprietary diagnostic reagents, test kits and instrumentation, primarily for autoimmune and infectious diseases, through its three subsidiaries: Diamedix Corporation (U.S.), Delta Biologicals S.r.l. (Europe), and ImmunoVision, Inc. (U.S.).
For additional information on IVAX Diagnostics, visit www.IVAXDiagnostics.com.
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The amendment changes the terms relating to the timing of the second closing and the final closing. Instead of the second closing occurring 6 months or less after the initial closing, it will now occur 60 days after the date on which a majority of the independent directors on IVAX Diagnostics’ Board of Directors determines by vote or written consent that the second closing shall occur. Instead of the final closing occurring one year or less after the initial closing, it will now occur after or simultaneously with the second closing, 60 days after the date on which a majority of the independent directors on IVAX Diagnostics’ Board of Directors determines by vote or written consent that the final closing shall occur.
The amendment basically gives IVAX more flexibility in controlling the timing of the associated transactions. IVAX President, CEO, and COO, Kevin Clark, said of the amendment: “We are pleased that, through this Amendment to the Stock Purchase Agreement, the independent directors on our Board of Directors will be able to trigger the timing of the consummation of the Second Closing and the Final Closing based upon IVAX Diagnostics’ cash requirements, including for funding the continued growth and development of our business and working capital requirements, and for possible acquisitions and strategic opportunities. This Amendment to the Stock Purchase Agreement will also have the effect of moving the timing of the dilutive impact that would be caused by the issuance to ERBA Diagnostics Mannheim of additional shares of IVAX Diagnostics’ common stock at the Second Closing and the Final Closing. We are also excited to report that, principally due to the expected relative improvement in our operations and the expected relative reduction in the rate of our use of cash during the fourth quarter of 2011, we believe that the immediacy of our need for additional cash has diminished.”
ERBA already owns, directly or indirectly, 26,701,380 shares of IVAX Diagnostics’ common stock, or approximately 77.6% of the issued and outstanding shares of IVAX Diagnostics’ common stock.
IVAX Diagnostics develops, manufactures and distributes in the United States and internationally, proprietary diagnostic reagents, test kits and instrumentation, primarily for autoimmune and infectious diseases, through its three subsidiaries: Diamedix Corporation (U.S.), Delta Biologicals S.r.l. (Europe), and ImmunoVision, Inc. (U.S.).
For additional information on IVAX Diagnostics, visit www.IVAXDiagnostics.com.
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Broadwind Energy, Inc. (BWEN) Video Chart for Friday, December 30, 2011
The BWEN chart has been making a solid recovery since its slide to 26 cents in October. The chart is in a consolidation pattern after touching 91.7 cents and holding a support level at 70 cents. This support needs to hold or the odds of it dropping to the 50 day simple moving average at 60 cents are increased as the chart tries to continue its bullish trend.
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Onyx Service & Solutions Inc. (ONYX) Develops Engineering Plan for Roatan Project
Today, Onyx Service & Solutions announced that it has developed a plan to successfully distribute power on its new 22-megawatt project in Roatan, Honduras. With problems arising from an older distribution system, the plan will provide a fix to the numerous issues Roatan has faced with power outages.
Onyx’s detailed engineering research has developed an alternative that breaks the solar placement up into many smaller “farms” that can be strategically placed, down to a single user “at-meter” solution. ONYX plans to use a cutting-edge repository system for the larger production farms and may decide to utilize its new “Plug-N-Play” panel for smaller output areas. Repository systems store energy for use after the sun has gone down or if there is not ample sunlight for extended periods of time. ONYX’s new “Plug-N-Play” panel already has a battery unit and inverter integrated into the panel straight from the factory.
“There has been abundant discussions about addressing the distribution system issue”, stated Malcolm Burleson, President of ONYX. “The fact that solar can be downsized all the way to a single panel, plus our access to superior energy storage options, gives us great latitude in distribution. It certainly eliminates many standard distribution factors, especially any need for large and costly transmission stations.”
Onyx decided to forgo the normal strategies employed by solar companies, such as competing against coal-fired electricity producers or depending on government subsidies to make a profit. Instead, Onyx management identified sectors that rely on costly diesel generated electricity, like Roatan, to focus on as its target market. These sectors present higher profit margins and more profit making opportunities.
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Onyx’s detailed engineering research has developed an alternative that breaks the solar placement up into many smaller “farms” that can be strategically placed, down to a single user “at-meter” solution. ONYX plans to use a cutting-edge repository system for the larger production farms and may decide to utilize its new “Plug-N-Play” panel for smaller output areas. Repository systems store energy for use after the sun has gone down or if there is not ample sunlight for extended periods of time. ONYX’s new “Plug-N-Play” panel already has a battery unit and inverter integrated into the panel straight from the factory.
“There has been abundant discussions about addressing the distribution system issue”, stated Malcolm Burleson, President of ONYX. “The fact that solar can be downsized all the way to a single panel, plus our access to superior energy storage options, gives us great latitude in distribution. It certainly eliminates many standard distribution factors, especially any need for large and costly transmission stations.”
Onyx decided to forgo the normal strategies employed by solar companies, such as competing against coal-fired electricity producers or depending on government subsidies to make a profit. Instead, Onyx management identified sectors that rely on costly diesel generated electricity, like Roatan, to focus on as its target market. These sectors present higher profit margins and more profit making opportunities.
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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Attune RTD (AURT) Makes BrioWave Technology Commercially Available After Successful Pilot
Attune RTD, an environmentally conscious company that provides smart products to eliminate inefficiencies, reduce energy consumption and optimize existing technologies, announced today that is ready to make its BrioWave technology commercially available after conducting a successful pilot program in Texas with a major wholesale power generation company. The testing took place from November 2010 and ends at the end of next month.
“We had a very successful pilot, the technology now has seen more than one year of continuous field duty time across the state. BrioWave technology has withstood some of the hottest summer temperatures on record as well as some of the coldest winter temperatures. We are ready to make the technology commercially available. With that said, we are excited to continue our working relationship with the utility, and excited to be in the beginning phase of developing another relationship with another major utility,” said Shawn Davis, CEO, Attune RTD in a press statement.
The BrioWave 175p allows customers to monitor the use of their pool and HVAC air conditioning system and allow only one of them to operate at any given time. This produces less of a burden on the energy providers during peak times thus less energy is consumed. It has proven to also be more efficient and energy saving for pool filtration systems, lowering energy costs for consumers and providing more healthy environments. The more consistency of the water flow in the pools has also eliminated the growth of algae, bacteria, pool staining and cloudy water which reduces the higher use of chemicals.
“We are excited because we have real interest and demand developing for the technology that will soon translate into revenue. We have a world class product married to a world class platform, so now the focus is all about sales going forward,” said Thomas Bianco, CFO, Attune RTD in the statement Thursday.
Since electivity cannot be stored like water it is necessary to manage use especially during peak times.
Smoothing out peaks results in lower costs for communities in the long run. The advantages of this product are numerous including the reduction of demand on the electrical generation system which will ultimately affect the cost of electricity to individual consumers.
For more information, please visit: www.attunertd.com
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“We had a very successful pilot, the technology now has seen more than one year of continuous field duty time across the state. BrioWave technology has withstood some of the hottest summer temperatures on record as well as some of the coldest winter temperatures. We are ready to make the technology commercially available. With that said, we are excited to continue our working relationship with the utility, and excited to be in the beginning phase of developing another relationship with another major utility,” said Shawn Davis, CEO, Attune RTD in a press statement.
The BrioWave 175p allows customers to monitor the use of their pool and HVAC air conditioning system and allow only one of them to operate at any given time. This produces less of a burden on the energy providers during peak times thus less energy is consumed. It has proven to also be more efficient and energy saving for pool filtration systems, lowering energy costs for consumers and providing more healthy environments. The more consistency of the water flow in the pools has also eliminated the growth of algae, bacteria, pool staining and cloudy water which reduces the higher use of chemicals.
“We are excited because we have real interest and demand developing for the technology that will soon translate into revenue. We have a world class product married to a world class platform, so now the focus is all about sales going forward,” said Thomas Bianco, CFO, Attune RTD in the statement Thursday.
Since electivity cannot be stored like water it is necessary to manage use especially during peak times.
Smoothing out peaks results in lower costs for communities in the long run. The advantages of this product are numerous including the reduction of demand on the electrical generation system which will ultimately affect the cost of electricity to individual consumers.
For more information, please visit: www.attunertd.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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Thursday, December 29, 2011
JA Solar (JASO) Announces Supply Agreement with Solarhybrid for Project in Germany
China-based JA Solar Holdings Company Ltd. is one of the world’s largest manufacturers of high-performance solar cells and solar power products. The company sells its products worldwide, converting sunlight into electricity for residential, commercial and utility customers.
The company today announced that it has entered into an agreement with Solarhybrid AG, a German project developer and general contractor for turnkey utility-scale solar power projects. JA Solar will supply 19 megawatts of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany and be the exclusive solar module provider to the project.
The Allstedt I solar power plant is expected to generate just over 19 million kilowatts of electricity annually and reduce carbon dioxide emissions by more than 266,000 tons over a service period of 20 years. The power plant is scheduled to be connected to the grid and begin operations very soon.
JA Solar expects total module shipments to Solarhybrid to reach 40 megawatts this year, including the 19 megawatts for the Allstedt I project. For additional information on JA Solar, please visit the company’s website at www.jasolar.com
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The company today announced that it has entered into an agreement with Solarhybrid AG, a German project developer and general contractor for turnkey utility-scale solar power projects. JA Solar will supply 19 megawatts of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany and be the exclusive solar module provider to the project.
The Allstedt I solar power plant is expected to generate just over 19 million kilowatts of electricity annually and reduce carbon dioxide emissions by more than 266,000 tons over a service period of 20 years. The power plant is scheduled to be connected to the grid and begin operations very soon.
JA Solar expects total module shipments to Solarhybrid to reach 40 megawatts this year, including the 19 megawatts for the Allstedt I project. For additional information on JA Solar, please visit the company’s website at www.jasolar.com
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TechPrecision (TPCS) Provides Updated Outlook for Business Operations for Fiscal 2013
TechPrecision Corp., through its wholly owned subsidiaries, is an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems for customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries. The company today provided an outlook for calendar 2012 based on strategic achievements, product wins, industry diversifications, facility expansions and other activities.
“Calendar 2011 has been a pivotal year for TechPrecision and we made significant progress toward our strategic objective of diversifying our operations and expanding our revenue base,” James Molinaro, TechPrecision CEO stated in the press release.
Molinaro said diversification is integral to TechPrecision’s expanded growth in China. While its Massachusetts facility’s largest customer moved its operations to China, TechPrecision will qualify new products and back-fill the customer with business through 2012-2013.
“We are in an excellent position to do that with the completion of our Massachusetts facility expansion and the qualification of our new Gantry mill. This is a competitive advantage for us as we are one of the few N-Stamp and NAVSEA certified manufacturing facilities in the U.S. which can handle the project scale and precision,” Molinaro stated.
The company highlighted several achievements over the 2011 calendar year, including but not limited to:
• Wuxi Critical Mechanical Components Co., Ltd., WCMC-China division, successfully ramped production and is expected to contribute 25 percent-35 percent of consolidated quarterly revenues in the third quarter of fiscal 2012.
• The addition of five new products and customers at WCMC-China.
• Shipment of initial mono-cast product, which is expected to result in production orders in the second quarter of fiscal 2013.
• Shipment of second generation multi-crystalline chambers from WCMC in November, with qualification and subsequent production volume orders expected in the first quarter of 2013.
• Shipment of initial sapphire products from WCMC expected in January 2012, with qualification and volume production orders expected in Q1 FY2013.
• Completed the installation of a new Gantry mill at the Ranor facility. The company expects to receive its first prime nuclear order in the first calendar quarter of 2012.
“The progress we made in 2011, adding several tier-1 customers in a variety of industries we believe can position us for accelerated revenue growth in fiscal 2013 (the period beginning April 1, 2012),” Molinaro stated. “… In aggregate, we believe we have positioned the company for accelerated growth with increased diversification, giving our business more sustainability.”
For more information visit www.techprecision.com
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“Calendar 2011 has been a pivotal year for TechPrecision and we made significant progress toward our strategic objective of diversifying our operations and expanding our revenue base,” James Molinaro, TechPrecision CEO stated in the press release.
Molinaro said diversification is integral to TechPrecision’s expanded growth in China. While its Massachusetts facility’s largest customer moved its operations to China, TechPrecision will qualify new products and back-fill the customer with business through 2012-2013.
“We are in an excellent position to do that with the completion of our Massachusetts facility expansion and the qualification of our new Gantry mill. This is a competitive advantage for us as we are one of the few N-Stamp and NAVSEA certified manufacturing facilities in the U.S. which can handle the project scale and precision,” Molinaro stated.
The company highlighted several achievements over the 2011 calendar year, including but not limited to:
• Wuxi Critical Mechanical Components Co., Ltd., WCMC-China division, successfully ramped production and is expected to contribute 25 percent-35 percent of consolidated quarterly revenues in the third quarter of fiscal 2012.
• The addition of five new products and customers at WCMC-China.
• Shipment of initial mono-cast product, which is expected to result in production orders in the second quarter of fiscal 2013.
• Shipment of second generation multi-crystalline chambers from WCMC in November, with qualification and subsequent production volume orders expected in the first quarter of 2013.
• Shipment of initial sapphire products from WCMC expected in January 2012, with qualification and volume production orders expected in Q1 FY2013.
• Completed the installation of a new Gantry mill at the Ranor facility. The company expects to receive its first prime nuclear order in the first calendar quarter of 2012.
“The progress we made in 2011, adding several tier-1 customers in a variety of industries we believe can position us for accelerated revenue growth in fiscal 2013 (the period beginning April 1, 2012),” Molinaro stated. “… In aggregate, we believe we have positioned the company for accelerated growth with increased diversification, giving our business more sustainability.”
For more information visit www.techprecision.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Peregrine Pharmaceuticals (PPHM) Announces Preliminary Results for Phase II Hepatitis Study
Peregrine Pharmaceuticals Inc., a biopharmaceutical company focused on developing first-in-class monoclonal antibodies for the treatment of cancer and viral infections, today issued an update on its randomized phase II bavituximab study in patients infected with genotype-1 chronic hepatitis C virus (HCV).
The goals of the study were to compare the safety profile of bavituximab plus ribavirin with a interferon and ribavirin combination.
Preliminary data indicates that the combination of bavituximab and ribavirin appeared safe and well-tolerated in patients who reported fewer side effects than in the interferon-containing arm. The study also indicated that both dose levels of bavituximab with ribavirin demonstrated antiviral activity, however the antiviral effects in patients receiving the 0.3 mg/kg dosing level were more pronounced.
“We are pleased with the initial results we have seen from this clinical study evaluating the combination of bavituximab with an established antiviral drug in HCV patients. We see good evidence that the combination of bavituximab with ribavirin has a better safety profile than an interferon containing regimen which was one of the primary objectives of the study,” Joseph S. Shan, vice president of clinical and regulatory affairs at Peregrine stated in the press release.
Shan also noted that while both dose levels of bavituximab were active, the lower dose level appears more active in HCV patients than the high dose level, and that these preliminary results are important in validating that the combination of bavituximab with its immunological mechanism of action with an active antiviral agent that has a good safety profile and promising antiviral activity.
“These results suggest that future studies evaluating longer bavituximab treatment durations at or around the lower dose level in combination with ribavirin and potentially direct acting antivirals in certain patient populations may hold promise as interferon-free HCV therapeutic regimens,” Shan stated.
“The early data from this trial are promising and suggest that continued development of bavituximab in HCV patients is warranted to explore the full immune-modulating potential of the compound in combination with antiviral agents,” added Shan.
Steven W. King, president and CEO of Peregrine, said the company will use the data to seek development partners interested in advancing the PS-targeting antiviral program. Peregrine will continue to focus its resources on its bavituximab oncology clinical program.
The company said it plans to present full results from the study at a medical conference in 2012.
For more information visit www.peregrineinc.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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The goals of the study were to compare the safety profile of bavituximab plus ribavirin with a interferon and ribavirin combination.
Preliminary data indicates that the combination of bavituximab and ribavirin appeared safe and well-tolerated in patients who reported fewer side effects than in the interferon-containing arm. The study also indicated that both dose levels of bavituximab with ribavirin demonstrated antiviral activity, however the antiviral effects in patients receiving the 0.3 mg/kg dosing level were more pronounced.
“We are pleased with the initial results we have seen from this clinical study evaluating the combination of bavituximab with an established antiviral drug in HCV patients. We see good evidence that the combination of bavituximab with ribavirin has a better safety profile than an interferon containing regimen which was one of the primary objectives of the study,” Joseph S. Shan, vice president of clinical and regulatory affairs at Peregrine stated in the press release.
Shan also noted that while both dose levels of bavituximab were active, the lower dose level appears more active in HCV patients than the high dose level, and that these preliminary results are important in validating that the combination of bavituximab with its immunological mechanism of action with an active antiviral agent that has a good safety profile and promising antiviral activity.
“These results suggest that future studies evaluating longer bavituximab treatment durations at or around the lower dose level in combination with ribavirin and potentially direct acting antivirals in certain patient populations may hold promise as interferon-free HCV therapeutic regimens,” Shan stated.
“The early data from this trial are promising and suggest that continued development of bavituximab in HCV patients is warranted to explore the full immune-modulating potential of the compound in combination with antiviral agents,” added Shan.
Steven W. King, president and CEO of Peregrine, said the company will use the data to seek development partners interested in advancing the PS-targeting antiviral program. Peregrine will continue to focus its resources on its bavituximab oncology clinical program.
The company said it plans to present full results from the study at a medical conference in 2012.
For more information visit www.peregrineinc.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Is Silver a Buy Again?
Silver has never been an investment for the faint of heart and 2011 has only added to its reputation as a capricious beast. From just over $30 when the year began, it dropped to $27 within a month, then rocketed to over $48 by early spring, only to free-fall to the mid $30s within a couple of weeks. By late summer, silver had worked its way back into the low $40s, but then collapsed again to just over $30 by October. After a push to the mid $30s, silver has now fallen back to the upper $20s, essentially where it was in late January, making a case for a buy at what some consider support levels, notwithstanding the fact that silver bounced between $10 and $20 for nearly 5 years prior to mid-2010.
But the real story of silver is not its short term volatility. It’s the fact that it is disappearing from the supply chain faster than almost any commodity in history. Unlike gold, which, once torn from the ground, tends to stay in place, not even losing its luster, silver is now being eaten up. The name of the devouring monster: electronics. The explosion in cell phones and other electronic devices and related industrial processes in the last couple of decades has created a demand-future for silver that is only now being seriously evaluated.
The demand for silver in electronics has roughly doubled in the past 10 years. For the first time in history, electronics consumes more silver than jewelry and silverware, the previous primary uses. And that’s key, since jewelry, as an example, is often stored and recycled, while silver used in electronics is simply lost to landfills. Today we are consuming more silver than mines produce, and the effect is accelerating. Add to this the fact that China and India are growing consumers of silver for electronic devices, with China becoming a major silver importer versus its earlier role as a silver exporter.
The net result is that global silver reserves are drying up faster than a Texas lake. Unlike with gold, the world today has only a small fraction of the silver now that it had a century ago. It’s a changing dynamic that many investors fail to appreciate, looking upon silver in its historic role as a monetary hedge. The price of silver, today being kicked around based upon the rise and fall of economies and currencies, will soon be viewed far differently.
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QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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But the real story of silver is not its short term volatility. It’s the fact that it is disappearing from the supply chain faster than almost any commodity in history. Unlike gold, which, once torn from the ground, tends to stay in place, not even losing its luster, silver is now being eaten up. The name of the devouring monster: electronics. The explosion in cell phones and other electronic devices and related industrial processes in the last couple of decades has created a demand-future for silver that is only now being seriously evaluated.
The demand for silver in electronics has roughly doubled in the past 10 years. For the first time in history, electronics consumes more silver than jewelry and silverware, the previous primary uses. And that’s key, since jewelry, as an example, is often stored and recycled, while silver used in electronics is simply lost to landfills. Today we are consuming more silver than mines produce, and the effect is accelerating. Add to this the fact that China and India are growing consumers of silver for electronic devices, with China becoming a major silver importer versus its earlier role as a silver exporter.
The net result is that global silver reserves are drying up faster than a Texas lake. Unlike with gold, the world today has only a small fraction of the silver now that it had a century ago. It’s a changing dynamic that many investors fail to appreciate, looking upon silver in its historic role as a monetary hedge. The price of silver, today being kicked around based upon the rise and fall of economies and currencies, will soon be viewed far differently.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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ThermoEnergy Corp. (TMEN) Expands Facility in Anticipation of 2012 Revenue Growth
Yesterday, ThermoEnergy Corp. announced that the company has completed a new expansion at its corporate headquarters in Worcester, MA. This expansion more than doubles the manufacturing space, adding 28,000 square feet.
ThermoEnergy is focused on developing and distributing sustainable technologies and equipment for the treatment of industrial wastewater and clean power generation. ThermoEnergy was founded in 1988, and is currently led by chairman and CEO Cary Bullock. The company also has offices in Little Rock, AR and New York, NY.
ThermoEnergy also announced the completion of the engineering phase of a New York City based Ammonia Recovery Process project. This is part of a project to improve the health of Jamaica Bay, under Mayor Bloomberg’s Jamaica Bay Watershed Protection Plan; the company is now in the process of constructing the project’s components. Upon completion, the facility will be able to potentially prevent as many as 2.4 million pounds of ammonia from entering the waters of Jamaica Bay yearly.
Cary Bullock, ThermoEnergy Corporation’s Chairman and CEO, said, “The [Worcester, MA] expansion allows us to complete the manufacturing stage of our $27 million contract with the City of New York to deploy an ammonia recovery system at the 26th Ward wastewater treatment plant by Jamaica Bay. The manufacturing stage of the contract is valued at $13.7M and we expect much of that to be earned in 2012. We estimate that we now have manufacturing space capacity to support at least $25 million dollars of sales revenue, and have begun preliminary steps to prepare for additional capacity expansion when needed.”
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ThermoEnergy is focused on developing and distributing sustainable technologies and equipment for the treatment of industrial wastewater and clean power generation. ThermoEnergy was founded in 1988, and is currently led by chairman and CEO Cary Bullock. The company also has offices in Little Rock, AR and New York, NY.
ThermoEnergy also announced the completion of the engineering phase of a New York City based Ammonia Recovery Process project. This is part of a project to improve the health of Jamaica Bay, under Mayor Bloomberg’s Jamaica Bay Watershed Protection Plan; the company is now in the process of constructing the project’s components. Upon completion, the facility will be able to potentially prevent as many as 2.4 million pounds of ammonia from entering the waters of Jamaica Bay yearly.
Cary Bullock, ThermoEnergy Corporation’s Chairman and CEO, said, “The [Worcester, MA] expansion allows us to complete the manufacturing stage of our $27 million contract with the City of New York to deploy an ammonia recovery system at the 26th Ward wastewater treatment plant by Jamaica Bay. The manufacturing stage of the contract is valued at $13.7M and we expect much of that to be earned in 2012. We estimate that we now have manufacturing space capacity to support at least $25 million dollars of sales revenue, and have begun preliminary steps to prepare for additional capacity expansion when needed.”
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Wednesday, December 28, 2011
North Springs Resources Corp. (NSRS) Outlines Proposed Exploration Work Program for North Springs Gold Property
On Wednesday, North Springs Resources Corp. outlined the proposed exploration work program for the North Springs Gold Property located in the prestigious Mineral Ridge Mining District of Nevada. The recommended $500,000 work program will focus on a number of untested gold targets. These include disseminated mineralization, high-grade shear zones, and feeder veins similar to those that have been open-pit mined by several companies at other Mineral Ridge gold deposits in the area.
The proposed detailed work program for the North Springs Gold Property includes North Springs working to permit an initial 10-hole reverse circulation drilling program to test known gold mineralization on the property, and additional detailed mapping and geochemical sampling of the probable mineral targets to better define surface extent and orientation of the gold anomalies. It also includes gridline soil geochemical sampling in the Roadrunner Target area and in that portion of the Coyote Summit Target which is on pediment (shallow bedrock).
The work program also includes gridline bio-vegetation sampling in that portion of the Coyote Summit Target area, which extends southwesterly under alluvial (transported) soil cover, and limited magnetic and possible Induced Polarization (IP) and CSAMT geophysical surveys or profiles over the primary defined target areas to establish three-dimensional extent of sulfide mineralization. In addition, the work program includes exploring the lands adjacent to the North Springs Gold Property Area and potentially acquiring available new claims, and evaluating all data compiled and preparing a new Technical Report for the North Springs Gold Property.
The North Springs Gold Property has the potential to host lenticular, low-angle, disseminated gold and high-grade vein systems similar to those presently being mined in the nearby Mineral Ridge Mine of Scorpio Gold and Golden Phoenix, Inc. Based on the present level of investigation and sampling, the primary target areas worthy of additional exploration are the “Roadrunner” and “Coyote Summit” mineral targets, as defined by historical workings and the present mapping and sampling efforts. A number of possible additional “feeder-vein” structures have also been identified on the project lands that have undergone limited sampling and also warrant follow-up.
Mr. Harry Lappa, President of North Springs Resources, stated, “We have well defined drill targets based on already completed field work providing excellent potential for the discovery of a significant gold deposit at the North Spring Gold Property. The proposed drill targets include high-grade free-visible gold mineralization exposed at surface which appears to be a stacked series of mineralized shear zones that could provide an attractive open-pit target. We will also test several locations with gold bearing veins exposed in old workings. The Company will continue to evaluate this work program, as well as review other potential mining opportunities prior to finalizing our exploration plans in the next few days.”
Headquartered in Reno, Nevada, North Springs Resources focuses on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is presently in the evaluation and acquisition phase of operations. North Springs Resources is led by a skilled and experienced management team and independent consulting geologists with many years of experience. The Company’s commitment is to creating value for their shareholders by advancing their current holdings and by acquiring new properties with significant potential.
For more information visit www.northspringsresources.com
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The proposed detailed work program for the North Springs Gold Property includes North Springs working to permit an initial 10-hole reverse circulation drilling program to test known gold mineralization on the property, and additional detailed mapping and geochemical sampling of the probable mineral targets to better define surface extent and orientation of the gold anomalies. It also includes gridline soil geochemical sampling in the Roadrunner Target area and in that portion of the Coyote Summit Target which is on pediment (shallow bedrock).
The work program also includes gridline bio-vegetation sampling in that portion of the Coyote Summit Target area, which extends southwesterly under alluvial (transported) soil cover, and limited magnetic and possible Induced Polarization (IP) and CSAMT geophysical surveys or profiles over the primary defined target areas to establish three-dimensional extent of sulfide mineralization. In addition, the work program includes exploring the lands adjacent to the North Springs Gold Property Area and potentially acquiring available new claims, and evaluating all data compiled and preparing a new Technical Report for the North Springs Gold Property.
The North Springs Gold Property has the potential to host lenticular, low-angle, disseminated gold and high-grade vein systems similar to those presently being mined in the nearby Mineral Ridge Mine of Scorpio Gold and Golden Phoenix, Inc. Based on the present level of investigation and sampling, the primary target areas worthy of additional exploration are the “Roadrunner” and “Coyote Summit” mineral targets, as defined by historical workings and the present mapping and sampling efforts. A number of possible additional “feeder-vein” structures have also been identified on the project lands that have undergone limited sampling and also warrant follow-up.
Mr. Harry Lappa, President of North Springs Resources, stated, “We have well defined drill targets based on already completed field work providing excellent potential for the discovery of a significant gold deposit at the North Spring Gold Property. The proposed drill targets include high-grade free-visible gold mineralization exposed at surface which appears to be a stacked series of mineralized shear zones that could provide an attractive open-pit target. We will also test several locations with gold bearing veins exposed in old workings. The Company will continue to evaluate this work program, as well as review other potential mining opportunities prior to finalizing our exploration plans in the next few days.”
Headquartered in Reno, Nevada, North Springs Resources focuses on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is presently in the evaluation and acquisition phase of operations. North Springs Resources is led by a skilled and experienced management team and independent consulting geologists with many years of experience. The Company’s commitment is to creating value for their shareholders by advancing their current holdings and by acquiring new properties with significant potential.
For more information visit www.northspringsresources.com
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Dynamic Ventures Corp. (DYNV) Completes $7.5M Funding Facility for Growth Initiatives
Dynamic Ventures Corp., a developer and marketer of construction solutions for residential and commercial buildings, today announced it has signed a $7.5 million Equity Funding Facility with Centurion Private Equity, LLC.
Dynamic said the funding will support the company’s ongoing construction projects, expand new territories, and support general corporate purposes.
Dynamic CEO Paul Kalkbrenner noted potential opportunities in the construction industry, and said Dynamic is on track to utilize its resources to achieve growth.
“We continue to see growth and opportunities in niche building segments,” Kalkbrenner stated in the press release. “We believe we have uniquely positioned ourselves to take advantage of these opportunities and that having access to capital in a timely and efficient manner would allow us to continue on the growth path that we have set for ourselves.”
Per the agreement, Centurion has committed to purchase for cash consideration, up to an aggregate of $7.5 million of Dynamic’s common stock. The arrangement is subject to certain conditions and limitations based upon the price and trading volume of Dynamic’s common stock and subject to an effective registration statement.
The funding agreement provides Dynamic with the option, at its discretion and provided that it meets certain conditions, to periodically sell Centurion shares of Dynamic’s common stock at a price based upon the market price of Dynamic’s common stock.
For more information visit www.bbsiaz.com
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Dynamic said the funding will support the company’s ongoing construction projects, expand new territories, and support general corporate purposes.
Dynamic CEO Paul Kalkbrenner noted potential opportunities in the construction industry, and said Dynamic is on track to utilize its resources to achieve growth.
“We continue to see growth and opportunities in niche building segments,” Kalkbrenner stated in the press release. “We believe we have uniquely positioned ourselves to take advantage of these opportunities and that having access to capital in a timely and efficient manner would allow us to continue on the growth path that we have set for ourselves.”
Per the agreement, Centurion has committed to purchase for cash consideration, up to an aggregate of $7.5 million of Dynamic’s common stock. The arrangement is subject to certain conditions and limitations based upon the price and trading volume of Dynamic’s common stock and subject to an effective registration statement.
The funding agreement provides Dynamic with the option, at its discretion and provided that it meets certain conditions, to periodically sell Centurion shares of Dynamic’s common stock at a price based upon the market price of Dynamic’s common stock.
For more information visit www.bbsiaz.com
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Hyperdynamics Corp. (HDY) Video Chart for Wednesday, December 28, 2011
HDY has true bounce play potential. A support level has been established at $2.00 and it appears that some positive momentum is trying to build.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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North Springs Resources Corp. (NSRS) Moves to Secure Working Interest in Premiere Arizona Gold Property
North Springs Resources Corp., already well-positioned in high-grade bulk tonnage gold via their Nevada-based, North Springs Gold Property (situated in the same trend as the Mineral Ridge deposits containing a current resource of some 500k oz Au), recently reported signing a letter of intent with DNP Mining LLP to acquire a 20% working interest in one of Arizona’s gold properties for $500k.
President of NSRS, Harry Lappa, spoke very favorably of this acquisition in the Goldstar/One Armed Joe Project, a 180-acre (9 claim block) stretch of some 900 feet of quartz veins (600 Goldstar, 300 One Arm) just outside the city of Wickenburg. Lappa characterized the project as having “huge potential,” projecting an aggressive exploration/development program upon completion of the acquisition that would include robust core drilling and securing of requisite permits, as well as the construction of an on-site pilot plant to support the comprehensive mining strategy.
As definitive terms of the agreement are negotiated to satisfaction, NSRS is diligently working on a meticulous evaluation of the property. Extant workings and the estimated reserves are seen by NSRS as constituting a perfect opportunity to grow shareholder value while cementing North Springs as a growth-focused operator in the mining sector.
A very strong move for North Springs, which is currently focused on evaluation and acquisition, constantly on the lookout for opportunities to secure prime leases and enter into mutually profitable joint venture agreements. Adding substantially to the Company’s Nevada interests at the North Springs Gold, which contains several untested gold targets, including open-pit and the same high-grade shear zones/feeder veins mined successfully by multiple companies at the nearby Mineral Ridge deposits.
While the transaction is yet open pending entry into a definitive agreement by both parties, as well as the satisfaction of customary due diligence, further details regarding progress or a definitive agreement were pledged to be forthcoming.
Great news for NSRS as the move to secure access to this premiere Arizona gold property comes at a time when, despite flagging support for higher price levels, leading indicators across the board point to solid profitability for precious metals. As sovereign debt crises in the US/EU ignite, India, the world’s largest importer of gold, may import as much as 50% less this December (via a declining rupee) and the Chinese economy is still showing strong signs of overheating; in this environment, precious metals can increasingly become a benchmark by which all other asset classes are measured.
For more information on the announcement, or to learn more about the Company, please visit: www.NorthSpringsResources.com
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President of NSRS, Harry Lappa, spoke very favorably of this acquisition in the Goldstar/One Armed Joe Project, a 180-acre (9 claim block) stretch of some 900 feet of quartz veins (600 Goldstar, 300 One Arm) just outside the city of Wickenburg. Lappa characterized the project as having “huge potential,” projecting an aggressive exploration/development program upon completion of the acquisition that would include robust core drilling and securing of requisite permits, as well as the construction of an on-site pilot plant to support the comprehensive mining strategy.
As definitive terms of the agreement are negotiated to satisfaction, NSRS is diligently working on a meticulous evaluation of the property. Extant workings and the estimated reserves are seen by NSRS as constituting a perfect opportunity to grow shareholder value while cementing North Springs as a growth-focused operator in the mining sector.
A very strong move for North Springs, which is currently focused on evaluation and acquisition, constantly on the lookout for opportunities to secure prime leases and enter into mutually profitable joint venture agreements. Adding substantially to the Company’s Nevada interests at the North Springs Gold, which contains several untested gold targets, including open-pit and the same high-grade shear zones/feeder veins mined successfully by multiple companies at the nearby Mineral Ridge deposits.
While the transaction is yet open pending entry into a definitive agreement by both parties, as well as the satisfaction of customary due diligence, further details regarding progress or a definitive agreement were pledged to be forthcoming.
Great news for NSRS as the move to secure access to this premiere Arizona gold property comes at a time when, despite flagging support for higher price levels, leading indicators across the board point to solid profitability for precious metals. As sovereign debt crises in the US/EU ignite, India, the world’s largest importer of gold, may import as much as 50% less this December (via a declining rupee) and the Chinese economy is still showing strong signs of overheating; in this environment, precious metals can increasingly become a benchmark by which all other asset classes are measured.
For more information on the announcement, or to learn more about the Company, please visit: www.NorthSpringsResources.com
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Magic Software Enterprises, Ltd. (MGIC) Acquires BluePhoneix’s AppBuilder Platform for $13.5 Million
Today, Magic Software Enterprises, Ltd. announced that it has acquired BluePhoneix’s AppBuilder activity for $13.5 million. AppBuilder is a comprehensive application development infrastructure that enables development teams to build, deploy, and maintain large-scale, custom-built business applications. Currently used by many Fortune 100 companies around the globe, AppBuilder is recognized in the industry as a powerful, model-driven tool.
According to the acquisition agreement, Magic Software paid out a net amount of $13.5 million. $4 million of the total purchase amount will be held in escrow accounts pending fulfillment of certain obligations of BluePhoenix under the sale agreement.
Regarding the acquisition, Guy Bernstein, CEO of Magic Software, remarked, “We are pleased to have completed this important acquisition, which broadens Magic Software’s product portfolio and strengthens our presence in numerous global markets, including Asia and Europe. We plan to develop and invest in all aspects of AppBuilder’s activity, including offering increased support for its customers.”
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According to the acquisition agreement, Magic Software paid out a net amount of $13.5 million. $4 million of the total purchase amount will be held in escrow accounts pending fulfillment of certain obligations of BluePhoenix under the sale agreement.
Regarding the acquisition, Guy Bernstein, CEO of Magic Software, remarked, “We are pleased to have completed this important acquisition, which broadens Magic Software’s product portfolio and strengthens our presence in numerous global markets, including Asia and Europe. We plan to develop and invest in all aspects of AppBuilder’s activity, including offering increased support for its customers.”
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Aeolus Pharmaceuticals (AOLS) Posts Q4, FY 2011 Financial Results, Operational Highlights
Aeolus Pharmaceuticals Inc. announced its financial results for the three and twelve months ended September 30, 2011, as well as several key operational accomplishments achieved during the year.
Aeolus reported total revenues for full-year 2011 at $4.8 million compared to no revenue in full-year 2010.
Net income for 2011 was $0.3 million, or $0.01 per basic share, which includes a non-cash gain of approximately $3.9 million related to decreases in the fair value of the warrants, as compared to a 2010 loss of $25.9 million, or $(0.53) per basic share, which includes a charge of approximately $21.3 million related to increases in the fair value of the warrants.
For the fourth quarter of 2011, Aeolus reported total revenues at $2.1 million compared to no revenue in 2010.
Net loss for the 2011 fourth quarter was $2.1 million, which includes a gain of approximately $1.1 million related to decreases in the fair value of the warrants, as compared to $12.9 million, which includes a charge of approximately $11.4 million related to increases in the fair value of the warrants, in the fourth quarter of FY 2010.
As of September 30, 2011, the company had cash and cash equivalents of $518,000.
The company also highlighted operational milestones achieved during full-year 2011, including but not limited to:
• Awarded a $118.4 million contract to develop treatment for pulmonary acute radiation syndrome
• Reported positive results from study of AEOL 10150 and Neupogen(R)as combination therapy for treatment of acute radiation syndrome
• Research partners awarded more than $13.4 million in research
• grants
• Filed for Orphan Drug designation of AEOL 10150 for mitigation and/or treatment of delayed effects of acute radiation exposure of the lung
• Shored-up balance sheet with additional cash
• Accomplished 11 key milestones under the BARDA Lung ARS development contract
“During fiscal year 2011, we were able to take major steps forward in the development of AEOL 10150, at minimal cost to our shareholders, based on the support of our medical countermeasure development program by BARDA, NIH-NIAID and NIH CounterACT,” John L. McManus, president and CEO stated in the press release. “We look forward to 2012, when we expect to receive a decision on several BARDA options, begin an important human safety study under the BARDA contract that will also support of our oncology program and report key data from several ongoing studies.”
For more information visit www.aeoluspharma.com
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Aeolus reported total revenues for full-year 2011 at $4.8 million compared to no revenue in full-year 2010.
Net income for 2011 was $0.3 million, or $0.01 per basic share, which includes a non-cash gain of approximately $3.9 million related to decreases in the fair value of the warrants, as compared to a 2010 loss of $25.9 million, or $(0.53) per basic share, which includes a charge of approximately $21.3 million related to increases in the fair value of the warrants.
For the fourth quarter of 2011, Aeolus reported total revenues at $2.1 million compared to no revenue in 2010.
Net loss for the 2011 fourth quarter was $2.1 million, which includes a gain of approximately $1.1 million related to decreases in the fair value of the warrants, as compared to $12.9 million, which includes a charge of approximately $11.4 million related to increases in the fair value of the warrants, in the fourth quarter of FY 2010.
As of September 30, 2011, the company had cash and cash equivalents of $518,000.
The company also highlighted operational milestones achieved during full-year 2011, including but not limited to:
• Awarded a $118.4 million contract to develop treatment for pulmonary acute radiation syndrome
• Reported positive results from study of AEOL 10150 and Neupogen(R)as combination therapy for treatment of acute radiation syndrome
• Research partners awarded more than $13.4 million in research
• grants
• Filed for Orphan Drug designation of AEOL 10150 for mitigation and/or treatment of delayed effects of acute radiation exposure of the lung
• Shored-up balance sheet with additional cash
• Accomplished 11 key milestones under the BARDA Lung ARS development contract
“During fiscal year 2011, we were able to take major steps forward in the development of AEOL 10150, at minimal cost to our shareholders, based on the support of our medical countermeasure development program by BARDA, NIH-NIAID and NIH CounterACT,” John L. McManus, president and CEO stated in the press release. “We look forward to 2012, when we expect to receive a decision on several BARDA options, begin an important human safety study under the BARDA contract that will also support of our oncology program and report key data from several ongoing studies.”
For more information visit www.aeoluspharma.com
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Beacon Enterprise Solutions Group, Inc. (BEAC) Reaps the Rewards of Smart Decisions
The recent conference call from Beacon Enterprise Solutions summarized substantial increases in sales, reduced operating expenses, an improved cash position, and income from operations that was positive for the first time in the company’s history. Most impressively, the results can be traced directly back to operational and strategic decisions that were carefully conceived and implemented over the past 1-2 years.
The call, hosted by Chairman and CEO Bruce Widener, along with President and COO Jerry Bowman, and VP Corporate Controller and Treasurer Scott Fitzpatrick, provided an overview of Beacon’s fiscal year and fourth quarter, ending September 30, 2011. Net sales for the year were up 35%. Operating expenses were down 18%, with gross margins well within the target range of 39%. Most importantly, 4th quarter income from operations from the company’s core business was positive, a first for the company.
In addition, Beacon’s cash position was significantly improved for both the year and the quarter. Much of this is due to improved collections processing, with DSO (Day Sales Outstanding) continuing to decrease, and AR (Accounts Receivable) turnover continuing to increase. This primarily comes from a tightening of controls related to invoice processing, important for the company’s ability to scale. Beacon has also restructured its financing, replacing the previous short-term debt, outstanding at the end of Q3, with a superior debt placement, plus has raised a small amount of preferred equity from existing and new investors, further improving the company’s cash position. Total liabilities are down as well, helping shareholder equity.
Another important step taken by Beacon is the implementation of a cloud-based solution to facilitate the real-time flow of information between all business functions inside the boundaries of the organization, and to manage the connections with employees, vendors, contractors, customers, and shareholders. Beacon’s migration to an integrated financial CRM/PSA system enabled the company to nearly double the size of its customer base in fiscal 2011 to a total of 212 locations in 51 countries. Moving to an internationally oriented cloud-based system is increasingly important to potential clients, making it possible to effectively deal with the many currency, language, and other challenges of doing business on a global scale. Among other things, it gives Beacon 24/7 access to project and client data anywhere in the world, and allows critical course corrections to be made immediately, versus waiting for end-of-the-month financials.
Beacon has also transitioned its legacy customer service and fulfillment operations to a new partner company, allowing the company to better focus on its core global professional service business. Beacon is now 100% focused on the business of providing national, multi-national, and global clients consistent, predictable, standardized ITS services across their entire client enterprise.
Beacon has realized substantial success mining its rich and varied customer base for new business, and plans to continue this fruitful strategy. They also intend to continue developing key partnerships, an approach that minimizes the cost of sales and associated risk, while introducing the company to new clients. Beacon’s overall market approach is now based upon the following structure:
o 2 Channels – Direct Sales, Strategic Partnerships
o 4 Technical Business Units – Engineering, ITS Contract Services, ITS Construction Management, Service Delivery Management
o 4 Vertical Markets – Pharmaceutical, Retail, Global Integrators, Government
Though pleased with the success brought about by all of the above adjustments, the executive team is clearly looking forward, and anticipates a very strong 2012, with new contracts and partnerships already in the works.
For additional information, visit the company’s website at www.AskBeacon.com
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The call, hosted by Chairman and CEO Bruce Widener, along with President and COO Jerry Bowman, and VP Corporate Controller and Treasurer Scott Fitzpatrick, provided an overview of Beacon’s fiscal year and fourth quarter, ending September 30, 2011. Net sales for the year were up 35%. Operating expenses were down 18%, with gross margins well within the target range of 39%. Most importantly, 4th quarter income from operations from the company’s core business was positive, a first for the company.
In addition, Beacon’s cash position was significantly improved for both the year and the quarter. Much of this is due to improved collections processing, with DSO (Day Sales Outstanding) continuing to decrease, and AR (Accounts Receivable) turnover continuing to increase. This primarily comes from a tightening of controls related to invoice processing, important for the company’s ability to scale. Beacon has also restructured its financing, replacing the previous short-term debt, outstanding at the end of Q3, with a superior debt placement, plus has raised a small amount of preferred equity from existing and new investors, further improving the company’s cash position. Total liabilities are down as well, helping shareholder equity.
Another important step taken by Beacon is the implementation of a cloud-based solution to facilitate the real-time flow of information between all business functions inside the boundaries of the organization, and to manage the connections with employees, vendors, contractors, customers, and shareholders. Beacon’s migration to an integrated financial CRM/PSA system enabled the company to nearly double the size of its customer base in fiscal 2011 to a total of 212 locations in 51 countries. Moving to an internationally oriented cloud-based system is increasingly important to potential clients, making it possible to effectively deal with the many currency, language, and other challenges of doing business on a global scale. Among other things, it gives Beacon 24/7 access to project and client data anywhere in the world, and allows critical course corrections to be made immediately, versus waiting for end-of-the-month financials.
Beacon has also transitioned its legacy customer service and fulfillment operations to a new partner company, allowing the company to better focus on its core global professional service business. Beacon is now 100% focused on the business of providing national, multi-national, and global clients consistent, predictable, standardized ITS services across their entire client enterprise.
Beacon has realized substantial success mining its rich and varied customer base for new business, and plans to continue this fruitful strategy. They also intend to continue developing key partnerships, an approach that minimizes the cost of sales and associated risk, while introducing the company to new clients. Beacon’s overall market approach is now based upon the following structure:
o 2 Channels – Direct Sales, Strategic Partnerships
o 4 Technical Business Units – Engineering, ITS Contract Services, ITS Construction Management, Service Delivery Management
o 4 Vertical Markets – Pharmaceutical, Retail, Global Integrators, Government
Though pleased with the success brought about by all of the above adjustments, the executive team is clearly looking forward, and anticipates a very strong 2012, with new contracts and partnerships already in the works.
For additional information, visit the company’s website at www.AskBeacon.com
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Quantum Fuel Systems Technologies Worldwide (QTWW) Enters Strategic Relationship with Major Wind Turbine Manufacture to Finance and Develop Wind...
Quantum Fuel Systems Technologies Worldwide (QTWW) Enters Strategic Relationship with Major Wind Turbine Manufacture to Finance and Develop Wind Farms Globally
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, in conjunction with their wholly-owned subsidiary Schneider Power, Inc., one of Canada’s premier renewable energy companies, recently announced a new strategic agreement between Schneider’s wholly-owned subsidiary, Trout Creek Wind Power, and a major global wind turbine manufacturer for the financing and development of wind farms in North America.
Terms of the deal include that the manufacture will provide a maximum of CDN $24 Million dollars for financing the construction of the generation facility. The Company will utilize the manufacturer’s wind turbines at the 10 MW Trout Creek Wind Farm in Ontario, Canada. Both parties anticipate closure on the deal by December 31, 2012 and agree to meet the 50% local content requirement from the Ontario Government.
“We are excited about this relationship as it provides an opportunity for us to finance the Trout Creek and potentially other wind farms while retaining 100% ownership in each project. We are hopeful that the Trout Creek agreement will be the first among a broader strategic relationship aimed at financing and developing Schneider Power’s global portfolio of 1,000 MW of wind farms,” said Alan Niedzwiecki, Quantum’s CEO in a press release.
Schneider Power has successfully completed the required wind studies to finalize the wind farm and the final environmental permitting is underway. The construction of the renewable energy generation facility is expected to be completed on schedule.
Trout Creek Wind Farm will produce electricity for the Ontario Power Authority as authorized in a 20-year purchase agreement with the Ontario Government’s Feed-In-Tariff program at a rate of $135/MWH starting in the fall of 2013. The local utility Hydro One Networks, Inc. will help link the Wind Farm to an existing high voltage transmission line near the property.
In Canada, Schneider Power has a significant development portfolio of potential renewable power facilities in excess of 1,000 MW. Across North America, the company evaluates, designs, builds, owns and operates some of the most advanced renewable energy generation projects.
For more information, please visit www.qtwww.com or www.schneiderpower.com
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Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, in conjunction with their wholly-owned subsidiary Schneider Power, Inc., one of Canada’s premier renewable energy companies, recently announced a new strategic agreement between Schneider’s wholly-owned subsidiary, Trout Creek Wind Power, and a major global wind turbine manufacturer for the financing and development of wind farms in North America.
Terms of the deal include that the manufacture will provide a maximum of CDN $24 Million dollars for financing the construction of the generation facility. The Company will utilize the manufacturer’s wind turbines at the 10 MW Trout Creek Wind Farm in Ontario, Canada. Both parties anticipate closure on the deal by December 31, 2012 and agree to meet the 50% local content requirement from the Ontario Government.
“We are excited about this relationship as it provides an opportunity for us to finance the Trout Creek and potentially other wind farms while retaining 100% ownership in each project. We are hopeful that the Trout Creek agreement will be the first among a broader strategic relationship aimed at financing and developing Schneider Power’s global portfolio of 1,000 MW of wind farms,” said Alan Niedzwiecki, Quantum’s CEO in a press release.
Schneider Power has successfully completed the required wind studies to finalize the wind farm and the final environmental permitting is underway. The construction of the renewable energy generation facility is expected to be completed on schedule.
Trout Creek Wind Farm will produce electricity for the Ontario Power Authority as authorized in a 20-year purchase agreement with the Ontario Government’s Feed-In-Tariff program at a rate of $135/MWH starting in the fall of 2013. The local utility Hydro One Networks, Inc. will help link the Wind Farm to an existing high voltage transmission line near the property.
In Canada, Schneider Power has a significant development portfolio of potential renewable power facilities in excess of 1,000 MW. Across North America, the company evaluates, designs, builds, owns and operates some of the most advanced renewable energy generation projects.
For more information, please visit www.qtwww.com or www.schneiderpower.com
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American Apparel (APP) Increases Presence in UK with New Store in London
American Apparel, a Los Angeles based vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, today announced that it has opened its 18th location in the UK at the Westfield London. The mall attracts nearly 30 million people each year. In the new Westfield London location, American Apparel will sell both women’s wear and unisex styles ranging from basics and staple garments to more high end fashion pieces and seasonal outerwear. This new store is only one piece in an expansion effort in the UK and Europe.
“Westfield London is one of the largest shopping centers in all of in the United Kingdom and we’re thrilled to be there. The people of London have always demonstrated a deep understanding of our brand. We’ve had great success together in Westfield Malls across the US and opening with them in London will be a significant addition to our foothold there. We’re pleased to have the opportunity to serve a new set of customers and expand our offerings for those already shopping at our stores,” said Marsha Brady, a creative director for American Apparel in a press statement.
American Apparel, with approximately 11,000 employees and 249 retail stores in 20 countries, went public in December 2007 following a merger with Endeavor Acquisition Corp. It is best known for its cutting-edge advertising and products that attract young adults and people of all ages. Being branded as a Downtown LA company has increased its name recognition and helped it to achieve a cult-like status. American Apparel does most of its knitting, dyeing, sewing, photography, marketing, distribution and design in its Los Angeles facilities without the use of many offshore contractors.
For more information on American Apparel, please visit www.americanapparel.net
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“Westfield London is one of the largest shopping centers in all of in the United Kingdom and we’re thrilled to be there. The people of London have always demonstrated a deep understanding of our brand. We’ve had great success together in Westfield Malls across the US and opening with them in London will be a significant addition to our foothold there. We’re pleased to have the opportunity to serve a new set of customers and expand our offerings for those already shopping at our stores,” said Marsha Brady, a creative director for American Apparel in a press statement.
American Apparel, with approximately 11,000 employees and 249 retail stores in 20 countries, went public in December 2007 following a merger with Endeavor Acquisition Corp. It is best known for its cutting-edge advertising and products that attract young adults and people of all ages. Being branded as a Downtown LA company has increased its name recognition and helped it to achieve a cult-like status. American Apparel does most of its knitting, dyeing, sewing, photography, marketing, distribution and design in its Los Angeles facilities without the use of many offshore contractors.
For more information on American Apparel, please visit www.americanapparel.net
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FieldPoint Petroleum Corp. (FPP) Updates Oil and Gas Activity in New Mexico
FieldPoint Petroleum Corp. issued an operations update on the company’s recent oil and gas activity in the United States.
FieldPoint Petroleum is active in the western United States and recently put the East Lusk Federal 15 #1 well into production in Lea County, New Mexico. The company reported that the well produced 578 barrels of oil during a twenty four hour period, up significantly since first reported production of 446 barrels of oil per day.
FieldPoint Petroleum said that the East Lusk Federal 15 #1 well is producing 804,000 cubic feet of natural gas per day. The company is not marketing the natural gas and is currently venting this production.
FieldPoint Petroleum owns a 43.75% working interest in the East Lusk Federal 15 #1 well. Cimarex Energy (XEC) owns a 37.5 % working interest in the wells and the balance is held by several minority owners.
FieldPoint Petroleum said that the agreement with Cimarex Energy contains an option for the company to participate in a second well on the property. The company has not made a final decision but based on the production results of the first well anticipates moving forward on the drilling program here.
For more information on the company, go to www.fppcorp.com
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FieldPoint Petroleum is active in the western United States and recently put the East Lusk Federal 15 #1 well into production in Lea County, New Mexico. The company reported that the well produced 578 barrels of oil during a twenty four hour period, up significantly since first reported production of 446 barrels of oil per day.
FieldPoint Petroleum said that the East Lusk Federal 15 #1 well is producing 804,000 cubic feet of natural gas per day. The company is not marketing the natural gas and is currently venting this production.
FieldPoint Petroleum owns a 43.75% working interest in the East Lusk Federal 15 #1 well. Cimarex Energy (XEC) owns a 37.5 % working interest in the wells and the balance is held by several minority owners.
FieldPoint Petroleum said that the agreement with Cimarex Energy contains an option for the company to participate in a second well on the property. The company has not made a final decision but based on the production results of the first well anticipates moving forward on the drilling program here.
For more information on the company, go to www.fppcorp.com
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Tuesday, December 27, 2011
Capstone Turbine Corp. (CPST) Receives Purchase Order from Large Nigerian Pharmaceutical Company
Capstone Turbine Corp., a leading producer of low-emission microturbine systems, today announced it has received an order for a C1000 and C200 for use at a large World Health Organization (WHO) certified Nigerian pharmaceutical company.
The pharmaceutical company will use Capstone’s microturbine systems to provide power and thermal energy for the manufacturing process. It will also improve plant efficiency while reducing its carbon footprint.
The order follows a recent meeting with a delegation of the Nigerian government and business leaders led by the U.S. Ambassador to Nigeria, in which discussions centered on how expanding the number of Capstone microturbines in Nigeria can benefit the country’s economy.
“The meeting was a big success as indicated by this order,” Jim Crouse, Capstone’s executive vice president of Sales and Marketing stated in the press release. “The meeting provided a tremendous opportunity for Capstone to support the U.S. government’s National Export Initiative and grow our sales throughout Nigeria, especially in the industrial and oil & gas markets.”
Capstone’s distribution partner Makon Power Systems Ltd. will head the installation, commissioning and aftermarket support for the system, and represents Makon’s second multiple unit order and first purchase of Capstone’s C200 and C1000 products.
“We expect several additional orders greater than a megawatt for industrial and oil & gas customers in Nigeria in the months to follow,” said Ademola Ajakaye, Makon’s chief operating officer.
For more information visit www.capstoneturbine.com
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The pharmaceutical company will use Capstone’s microturbine systems to provide power and thermal energy for the manufacturing process. It will also improve plant efficiency while reducing its carbon footprint.
The order follows a recent meeting with a delegation of the Nigerian government and business leaders led by the U.S. Ambassador to Nigeria, in which discussions centered on how expanding the number of Capstone microturbines in Nigeria can benefit the country’s economy.
“The meeting was a big success as indicated by this order,” Jim Crouse, Capstone’s executive vice president of Sales and Marketing stated in the press release. “The meeting provided a tremendous opportunity for Capstone to support the U.S. government’s National Export Initiative and grow our sales throughout Nigeria, especially in the industrial and oil & gas markets.”
Capstone’s distribution partner Makon Power Systems Ltd. will head the installation, commissioning and aftermarket support for the system, and represents Makon’s second multiple unit order and first purchase of Capstone’s C200 and C1000 products.
“We expect several additional orders greater than a megawatt for industrial and oil & gas customers in Nigeria in the months to follow,” said Ademola Ajakaye, Makon’s chief operating officer.
For more information visit www.capstoneturbine.com
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Delcath Systems, Inc. (DCTH) Achieves Key Milestone with J.W. Goethe Hospital Partnership
Delcath Systems Inc., a development stage specialty pharmaceutical and medical device company focused on oncology, has entered into an initial launch and training agreement with Johann Wolfgang Goethe University Hospital (J.W. Goethe), representing a significant step in Delcath’s progress toward EU market expansion.
J.W. Goethe is a premier European cancer treatment and research center located in Frankfurt, Germany. Per the agreement, Delcath will provide J.W. Goethe with logistics and clinical training support for the Delcath Hepatic CHEMOSAT® delivery system.
“Our team is excited to bring use of the CHEMOSAT system to Germany. Clinical research suggests that chemosaturation therapy using the CHEMOSAT system will offer us a clinically significant tool in treating liver metastases with melphalan. We’re eager to begin providing therapy to our patients and exploring the additional potential benefits that the newest generation product from Delcath provides,” University Professor Dr. Thomas J. Vogl, director of the Institute for Diagnostic and Interventional Radiology at J.W. Goethe, stated in the press release.
Delcath said it expects to begin the training using the Generation Two version of the CHEMOSAT system, pending CE Mark approval. The company expects to begin raining at the J.W. Goethe University Hospital in February 2012.
“This agreement marks another key milestone in the execution of our commercialization strategy for the CHEMOSAT system in the European Union,” Eamonn P. Hobbs, president and CEO of Delcath stated. “Germany is the largest market in the EU and we are excited to be entering it with a partner as prestigious as J.W. Goethe. CHEMOSAT will be available to patients in Germany soon, and this latest agreement further positions us to begin realizing the system’s potential throughout Europe in 2012.”
For more information visit www.delcath.com
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J.W. Goethe is a premier European cancer treatment and research center located in Frankfurt, Germany. Per the agreement, Delcath will provide J.W. Goethe with logistics and clinical training support for the Delcath Hepatic CHEMOSAT® delivery system.
“Our team is excited to bring use of the CHEMOSAT system to Germany. Clinical research suggests that chemosaturation therapy using the CHEMOSAT system will offer us a clinically significant tool in treating liver metastases with melphalan. We’re eager to begin providing therapy to our patients and exploring the additional potential benefits that the newest generation product from Delcath provides,” University Professor Dr. Thomas J. Vogl, director of the Institute for Diagnostic and Interventional Radiology at J.W. Goethe, stated in the press release.
Delcath said it expects to begin the training using the Generation Two version of the CHEMOSAT system, pending CE Mark approval. The company expects to begin raining at the J.W. Goethe University Hospital in February 2012.
“This agreement marks another key milestone in the execution of our commercialization strategy for the CHEMOSAT system in the European Union,” Eamonn P. Hobbs, president and CEO of Delcath stated. “Germany is the largest market in the EU and we are excited to be entering it with a partner as prestigious as J.W. Goethe. CHEMOSAT will be available to patients in Germany soon, and this latest agreement further positions us to begin realizing the system’s potential throughout Europe in 2012.”
For more information visit www.delcath.com
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Kranem Corp. (KRAN) Announces Acquisition of Adora ICT Srl.
Earlier today, Kranem Corp. announced that it acquired privately-held Adora ICT Srl., a company that specializes in the evaluation of data and systems security risks and recommendation of appropriate solutions.
In addition to providing a strong technical staff and solid customer list, Adora will provide Kranem with an important presence in the Italian data security and analysis market. Last year, Adora reported net revenue of over $4.0 million and was profitable.
Mr. Ajay Batheja, Kranem’s CEO, commented, “We believe this acquisition will provide a strong opportunity to introduce Kranem’s homeland security products to the European law enforcement.”
Kranem Corp. is a leading provider of digital security products and services. The company’s primary product, InteliCENTER, is an Actionable Intelligence platform that facilitates the investigation and decision making process of government and law enforcement agencies by acquiring, correlating and analyzing large volumes of data received from varied information sources to proactively counter criminal activities.
Other solutions offered by Kranem include:
• InteliANALYZER to conduct analysis of curated digital data and provide law enforcement and intelligence agencies with proactive intelligence. It offers focused investigative techniques for specific criminal activities and conducts real-time and historical analysis.
• InteliCURATOR to acquire and analyze a variety of disparate data sources. The data is gathered, processed, sorted, and stored per identity, so that a profile can be built on a suspect.
• InteliSTRATEGIZER to produce configurable periodic reports for automatic pattern identification and recognition, social network analysis, trend analysis, dashboard monitoring, alarms and alerts to law enforcement agencies. This software provides law enforcement with the necessary information to detect suspicious activities in their early stages, allowing strategies to be developed based upon comprehensive situational awareness and knowledge driven insights.
• InteliRETENTION, an integrated data retention solution built for the exact application of acquiring, storing and retrieving massive amounts of call detail records (CDRs) and internet protocol detail records (IPDRs) for law enforcement agency (LEA) requests. InteliRETENTION is linearly scalable and proven for capturing beyond tens of billions of CDRs/IPDR’s daily, which adds up to the storage of trillions of these records. The cost effective solution enables secure, near real-time retrieval and rapid analysis, cost effectively and securely.
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In addition to providing a strong technical staff and solid customer list, Adora will provide Kranem with an important presence in the Italian data security and analysis market. Last year, Adora reported net revenue of over $4.0 million and was profitable.
Mr. Ajay Batheja, Kranem’s CEO, commented, “We believe this acquisition will provide a strong opportunity to introduce Kranem’s homeland security products to the European law enforcement.”
Kranem Corp. is a leading provider of digital security products and services. The company’s primary product, InteliCENTER, is an Actionable Intelligence platform that facilitates the investigation and decision making process of government and law enforcement agencies by acquiring, correlating and analyzing large volumes of data received from varied information sources to proactively counter criminal activities.
Other solutions offered by Kranem include:
• InteliANALYZER to conduct analysis of curated digital data and provide law enforcement and intelligence agencies with proactive intelligence. It offers focused investigative techniques for specific criminal activities and conducts real-time and historical analysis.
• InteliCURATOR to acquire and analyze a variety of disparate data sources. The data is gathered, processed, sorted, and stored per identity, so that a profile can be built on a suspect.
• InteliSTRATEGIZER to produce configurable periodic reports for automatic pattern identification and recognition, social network analysis, trend analysis, dashboard monitoring, alarms and alerts to law enforcement agencies. This software provides law enforcement with the necessary information to detect suspicious activities in their early stages, allowing strategies to be developed based upon comprehensive situational awareness and knowledge driven insights.
• InteliRETENTION, an integrated data retention solution built for the exact application of acquiring, storing and retrieving massive amounts of call detail records (CDRs) and internet protocol detail records (IPDRs) for law enforcement agency (LEA) requests. InteliRETENTION is linearly scalable and proven for capturing beyond tens of billions of CDRs/IPDR’s daily, which adds up to the storage of trillions of these records. The cost effective solution enables secure, near real-time retrieval and rapid analysis, cost effectively and securely.
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Quantum Fuel Systems Technologies (QTWW) and SBE, Inc. Partner Up to Launch Next Generation Hybrid Electric Drive Systems
Quantum Fuel Systems Technologies and SBE, Inc. today announced the formation of a technology partnership between the two companies. SBE will be providing a novel integrated capacitor/bus structure design solution for Quantum power electronics for automotive applications, enabling higher performance, weight reduction, smaller packaging and total system cost savings.
“Quantum continues to optimize and improve the efficiencies of our advanced electric drive-train products. We expect the SBE integrated capacitor/bus structure to enable substantial packaging and performance advantages in our next generation electric and hybrid-electric drive systems,” stated Alan Niedzwiecki, CEO Quantum Technologies.
“SBE is pleased that Quantum Technologies is one of the first implementers of our advanced integrated capacitor/bus designs. We are proud to be partnering with a leading technology drivetrain provider like Quantum,” commented Ed Sawyer, President and CEO for SBE, Inc.
Jon Bereisa, Senior Technical Advisor for SBE, added, “The electrification of the automobile has successfully reached the technical feasibility stage today. Cost improvements are needed to reach the commercial viability stage for mass market acceptance. Cost must be attacked everywhere. The SBE power ring capacitor technology is a major enabler for power electronics design simplification, up-integration, and higher temperature operation to significantly drive down the cost while improving performance.”
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“Quantum continues to optimize and improve the efficiencies of our advanced electric drive-train products. We expect the SBE integrated capacitor/bus structure to enable substantial packaging and performance advantages in our next generation electric and hybrid-electric drive systems,” stated Alan Niedzwiecki, CEO Quantum Technologies.
“SBE is pleased that Quantum Technologies is one of the first implementers of our advanced integrated capacitor/bus designs. We are proud to be partnering with a leading technology drivetrain provider like Quantum,” commented Ed Sawyer, President and CEO for SBE, Inc.
Jon Bereisa, Senior Technical Advisor for SBE, added, “The electrification of the automobile has successfully reached the technical feasibility stage today. Cost improvements are needed to reach the commercial viability stage for mass market acceptance. Cost must be attacked everywhere. The SBE power ring capacitor technology is a major enabler for power electronics design simplification, up-integration, and higher temperature operation to significantly drive down the cost while improving performance.”
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Cord Blood America, Inc. (CBAI) Signs Exclusive Agreement with National Children’s Leukemia Foundation to Store Stem Cells
Today before the opening bell, Cord Blood America, Inc. announced the execution of an exclusive agreement to store stem cells at its Las Vegas laboratory for the National Children’s Leukemia Foundation (NCLF), New York.
“The National Children’s Leukemia Foundation has a track record of success in individual counseling and medical referrals for thousands of patients, providing them financial assistance for housing, food and transportation, supporting scientists working on cutting-edge research, and arranging flights, medical care and hospitality for international patients in need of medical care in the U.S,” stated Matthew Schissler, Cord Blood America CEO and co-founder. “We are pleased to be chosen by the NCLF for its storage needs.”
“Many lives have been saved, many wishes have been granted and many patients have benefited from our referrals and advocacy efforts in the two decades since our establishment,” commented Yehuda Gutwein, NCLF President. “We also are pleased to sign this exclusive agreement because we are aware of both the quality of the personnel and the care taken in storage by Cord Blood America.”
“It’s an honor to move our relationship from speaking about the benefits for children with leukemia, to storing stem cells for these same children,” added Lea Ann Stiller, representative of Cord Blood America and featured speaker for National Children’s Leukemia Foundation.
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“The National Children’s Leukemia Foundation has a track record of success in individual counseling and medical referrals for thousands of patients, providing them financial assistance for housing, food and transportation, supporting scientists working on cutting-edge research, and arranging flights, medical care and hospitality for international patients in need of medical care in the U.S,” stated Matthew Schissler, Cord Blood America CEO and co-founder. “We are pleased to be chosen by the NCLF for its storage needs.”
“Many lives have been saved, many wishes have been granted and many patients have benefited from our referrals and advocacy efforts in the two decades since our establishment,” commented Yehuda Gutwein, NCLF President. “We also are pleased to sign this exclusive agreement because we are aware of both the quality of the personnel and the care taken in storage by Cord Blood America.”
“It’s an honor to move our relationship from speaking about the benefits for children with leukemia, to storing stem cells for these same children,” added Lea Ann Stiller, representative of Cord Blood America and featured speaker for National Children’s Leukemia Foundation.
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North Springs Resources Corp. (NSRS) Completes Initial Field Work/Sampling on North Springs Gold Project
On Friday, North Springs Resources Corp. announced that they completed initial field work and sampling on the North Springs Gold Project located in the prestigious Mineral Ridge Mining District in Esmeralda County, Nevada. The Company has also secured a $1 million Draw-Down Line of Credit Note to fund exploration, growth, and on-going operations.
A team of independent geologists, in early October 2011, took 42 rock-chip samples from North Springs’ current claims and surrounding areas. The results from this sampling program identified significant gold mineralization up to 0.23 ounces per ton from surface workings. The Company has this week, based on these findings, submitted documentation to record an additional 42 claims with the Nevada Bureau of Land Management in Esmeralda County, which should be accepted soon. If successful in recording all 42 claims, the North Springs Gold Project will consist of 58 claims covering 1,160 acres.
Mr. Harry Lappa, President of North Springs Resources, stated, “We are hitting the ground running! The samples that were recently sent to the lab for assaying have returned with very favorable results. I’m very pleased that we have quickly proven the potential of the project and shown our team’s commitment to success. In addition to returning some high-grade gold samples, the initial sampling work vastly increased our knowledge of the property. As a result, the Company is attempting to add an additional 42 claims in the area surrounding our existing claims to fully exploit the opportunity. The North Springs Gold Project currently has well defined drill targets based on both geologic mapping and surface sampling; presently demonstrating excellent potential for the discovery of a significant gold deposit.”
Furthermore, North Springs Resources has secured an initial financing of $130,000. This initial financing is part of a 12-month $1 million Draw-Down Line of Credit Note. They will use the proceeds from this financing for general working capital purposes or such other purposes as they may determine from time to time.
Mr. Lappa further stated, “The initial financing, as well as the access to future capital, increases our flexibility to further operations and to allocate funds to the acquisition, exploration, and development of additional mining projects.”
Headquartered in Reno, Nevada, North Springs Resources focuses on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is currently in the evaluation and acquisition phase of operations. A skilled and experienced management team and independent consulting geologists, with many years of experience, lead the Company. North Springs’ commitment is to creating value for their shareholders by advancing their current holdings and by acquiring new properties with significant potential.
For more information, visit www.northspringsresources.com
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A team of independent geologists, in early October 2011, took 42 rock-chip samples from North Springs’ current claims and surrounding areas. The results from this sampling program identified significant gold mineralization up to 0.23 ounces per ton from surface workings. The Company has this week, based on these findings, submitted documentation to record an additional 42 claims with the Nevada Bureau of Land Management in Esmeralda County, which should be accepted soon. If successful in recording all 42 claims, the North Springs Gold Project will consist of 58 claims covering 1,160 acres.
Mr. Harry Lappa, President of North Springs Resources, stated, “We are hitting the ground running! The samples that were recently sent to the lab for assaying have returned with very favorable results. I’m very pleased that we have quickly proven the potential of the project and shown our team’s commitment to success. In addition to returning some high-grade gold samples, the initial sampling work vastly increased our knowledge of the property. As a result, the Company is attempting to add an additional 42 claims in the area surrounding our existing claims to fully exploit the opportunity. The North Springs Gold Project currently has well defined drill targets based on both geologic mapping and surface sampling; presently demonstrating excellent potential for the discovery of a significant gold deposit.”
Furthermore, North Springs Resources has secured an initial financing of $130,000. This initial financing is part of a 12-month $1 million Draw-Down Line of Credit Note. They will use the proceeds from this financing for general working capital purposes or such other purposes as they may determine from time to time.
Mr. Lappa further stated, “The initial financing, as well as the access to future capital, increases our flexibility to further operations and to allocate funds to the acquisition, exploration, and development of additional mining projects.”
Headquartered in Reno, Nevada, North Springs Resources focuses on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is currently in the evaluation and acquisition phase of operations. A skilled and experienced management team and independent consulting geologists, with many years of experience, lead the Company. North Springs’ commitment is to creating value for their shareholders by advancing their current holdings and by acquiring new properties with significant potential.
For more information, visit www.northspringsresources.com
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Strategic American Oil Corp. (SGCA) Positioned for Solid 2012 with Further Gains
Last week, Strategic American Oil, a growth oriented oil and gas production and exploration company, announced its fiscal first quarter financial and operational results, reflecting significant gains in both areas.
• Revenue for the quarter was up 1,400% over the same quarter last year, to $1.56 million.
• Assets grew in the first quarter by $7.86 million, without adding any debt.
• Cash used in operations was reduced from $250,000 in the previous quarter to $83,710.
• The net loss of $4.2 million included non-cash acquisition charges of $4.37 million.
• Average reported production for the quarter was 290 gross barrels of oil per day (230 net).
• Current production, as of Nov. 30, 2011, was estimated at 445 gross barrels of oil per day (350 net).
• Strategic’s current leasehold position at approximately 20,099 net acres in Texas and Illinois.
In addition, the company reported a total cash balance of $4.74 million, which, together with their available bank line, the company considers more than sufficient to meet budgeted capital requirements for 2012, including plans for drilling, recompletion, and infrastructure improvements.
Strategic targets domestic oil and gas, focusing on known resources and existing wells, as well as strong exploration opportunities, in Texas, Louisiana, and Illinois. The company actively acquires production, reserves, or other companies that will provide significant growth potential.
Recent operational developments include:
• Initial preparations for a drilling program in Galveston Bay, with the first well expected the first quarter of 2012.
• Acquisition of SPE Navigation I, LLC, a private company with over $4 million in liquid assets, including 25% working interest and $18.8 million in net discounted proved reserves in Galveston Bay.
• Removal of “going concern” qualification from SEC filings, by independent auditors, due to strong and stable financial and operational performance, as well as significantly improved balance sheet.
• Proved Reserves of $77.7 million, as calculated by independent engineering firm.
• Initiation, through its partner, Core Energy, of a multi-well drilling program in Strategic’s Illinois project, with secondary recovery (waterflood) operations to commence soon.
• Initiation of multi-well recompletion program, with first well already adding approximately $22,000 in net monthly cash flow.
Upcoming operational developments include:
• Completion of initial secondary recovery (waterflood) pilot project in Illinois.
• Continuing capital infrastructure improvements and updates in Galveston Bay to increase production, decrease down-time, and improve safety and efficiency.
• Drilling first of Galveston Bay targets in first calendar quarter of 2012.
• Drilling several wells in South Texas to increase production and reserves.
• Continuing recompletion program to increase daily production from existing wells.
Strategic’s President and CEO, Jeremy Driver, summarized the company’s plan for 2012: “Our aim is to continue the rapid growth we have experienced over the last 12 months. We plan to accomplish this through proficient management and development of our existing assets, as well as making prudent acquisitions. We currently have years of projects that can multiply our production and revenues.”
For additional information, visit www.StrategicAmericanOil.com
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• Revenue for the quarter was up 1,400% over the same quarter last year, to $1.56 million.
• Assets grew in the first quarter by $7.86 million, without adding any debt.
• Cash used in operations was reduced from $250,000 in the previous quarter to $83,710.
• The net loss of $4.2 million included non-cash acquisition charges of $4.37 million.
• Average reported production for the quarter was 290 gross barrels of oil per day (230 net).
• Current production, as of Nov. 30, 2011, was estimated at 445 gross barrels of oil per day (350 net).
• Strategic’s current leasehold position at approximately 20,099 net acres in Texas and Illinois.
In addition, the company reported a total cash balance of $4.74 million, which, together with their available bank line, the company considers more than sufficient to meet budgeted capital requirements for 2012, including plans for drilling, recompletion, and infrastructure improvements.
Strategic targets domestic oil and gas, focusing on known resources and existing wells, as well as strong exploration opportunities, in Texas, Louisiana, and Illinois. The company actively acquires production, reserves, or other companies that will provide significant growth potential.
Recent operational developments include:
• Initial preparations for a drilling program in Galveston Bay, with the first well expected the first quarter of 2012.
• Acquisition of SPE Navigation I, LLC, a private company with over $4 million in liquid assets, including 25% working interest and $18.8 million in net discounted proved reserves in Galveston Bay.
• Removal of “going concern” qualification from SEC filings, by independent auditors, due to strong and stable financial and operational performance, as well as significantly improved balance sheet.
• Proved Reserves of $77.7 million, as calculated by independent engineering firm.
• Initiation, through its partner, Core Energy, of a multi-well drilling program in Strategic’s Illinois project, with secondary recovery (waterflood) operations to commence soon.
• Initiation of multi-well recompletion program, with first well already adding approximately $22,000 in net monthly cash flow.
Upcoming operational developments include:
• Completion of initial secondary recovery (waterflood) pilot project in Illinois.
• Continuing capital infrastructure improvements and updates in Galveston Bay to increase production, decrease down-time, and improve safety and efficiency.
• Drilling first of Galveston Bay targets in first calendar quarter of 2012.
• Drilling several wells in South Texas to increase production and reserves.
• Continuing recompletion program to increase daily production from existing wells.
Strategic’s President and CEO, Jeremy Driver, summarized the company’s plan for 2012: “Our aim is to continue the rapid growth we have experienced over the last 12 months. We plan to accomplish this through proficient management and development of our existing assets, as well as making prudent acquisitions. We currently have years of projects that can multiply our production and revenues.”
For additional information, visit www.StrategicAmericanOil.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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Global Axcess Corp. (GAXC) Signs Extension of ATM Contract with Largest Grocery Chain Customer
Global Axcess Corp. is an independent provider of self-service kiosk solutions. The company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management along with project and account management services.
The company announced today that it has entered into a three-year extension with its largest ATM customer, a grocery chain with locations in 11 Southeast and Mid-Atlantic states that operates more than 1,100 supermarkets. Under terms of the newly-extended agreement, Global Axcess will continue to provide a full turnkey program for over 850 ATMs in store locations.
Global Axcess’ CEO, Lock Ireland, commented, “This agreement helps to reinforce management’s confidence in our core ATM business, providing a profitable and predictable platform from which we can grow both organically and through select, accretive acquisitions.”
In addition, the company announced it had also extended the contracts of two additional grocery store chains for three years. All three contract extensions are with subsidiaries of the same international conglomerate.
For more information about Global Axcess Corporation, please visit the company’s website at www.globalaccess.biz
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The company announced today that it has entered into a three-year extension with its largest ATM customer, a grocery chain with locations in 11 Southeast and Mid-Atlantic states that operates more than 1,100 supermarkets. Under terms of the newly-extended agreement, Global Axcess will continue to provide a full turnkey program for over 850 ATMs in store locations.
Global Axcess’ CEO, Lock Ireland, commented, “This agreement helps to reinforce management’s confidence in our core ATM business, providing a profitable and predictable platform from which we can grow both organically and through select, accretive acquisitions.”
In addition, the company announced it had also extended the contracts of two additional grocery store chains for three years. All three contract extensions are with subsidiaries of the same international conglomerate.
For more information about Global Axcess Corporation, please visit the company’s website at www.globalaccess.biz
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FluoroPharma Medical, Inc. (FPMI) Supported by a Stellar Scientific Advisory Board
FluoroPharma Medical, developer of advanced medical diagnostic imaging products, with a current focus on imaging agents for breakthrough positron emission tomography (PET) applications, obtains critical advice and guidance from a scientific advisory board made up of top experts in the fields of medical imagery and cardiology.
• Daniel Berman, MD, FACC, is Chief of Cardiac Imaging and Nuclear Cardiology at Cedars-Sinai Heart Center and Professor of Medicine at the David Geffen School of Medicine at the University of California, Los Angeles. A world-renowned expert in nuclear cardiology (the use of noninvasive nuclear imaging for the study of cardiovascular disease), he is one of the principal developers of techniques now widely used in nuclear cardiology.
• Peter Conti, MD, PhD, is Professor of Radiology, Biomedical Engineering, and Pharmacy at the University of Southern California, and has been Director of the USC PET Imaging Science Center since its inception in 1991. One of his major areas of research is in the development of molecular imaging agents for the diagnosis and monitoring of cancer metabolism and cell proliferation.
• Elazer Edelman, MD, PhD, is the Thomas D. and Virginia W. Cabot Professor of Health Sciences and Technology at MIT, Professor of Medicine at Harvard Medical School, and a coronary care unit cardiologist at the Brigham and Women’s Hospital in Boston. He directs the Harvard-MIT Biomedical Engineering Center (BMEC), investigating ways to elucidate the fundamental biologic processes and mechanisms of disease.
• Heinrich Schelbert, MD, PhD, is Professor of Pharmacology and Radiological Sciences and a Chief of Cardiovascular Nuclear Medicine at the UCLA School of Medicine. He’s made seminal contributions related to cardiac PET imaging, including development of a radiotracer techniques used in non-invasive blood flow imaging, and is Editor-in-Chief of the Journal of Nuclear Medicine.
• Andrew Selwyn, MA, MD, PhD, is Professor of Medicine at Harvard Medical School and a Senior Physician and Associate Chief of the Cardiovascular Division (academic affairs) at Brigham and Women’s Hospital. He is a leading contributor to the research and clinical practice of interventional cardiology and biology of atherosclerosis.
For more information, see the company website at www.FluoroPharma.com
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• Daniel Berman, MD, FACC, is Chief of Cardiac Imaging and Nuclear Cardiology at Cedars-Sinai Heart Center and Professor of Medicine at the David Geffen School of Medicine at the University of California, Los Angeles. A world-renowned expert in nuclear cardiology (the use of noninvasive nuclear imaging for the study of cardiovascular disease), he is one of the principal developers of techniques now widely used in nuclear cardiology.
• Peter Conti, MD, PhD, is Professor of Radiology, Biomedical Engineering, and Pharmacy at the University of Southern California, and has been Director of the USC PET Imaging Science Center since its inception in 1991. One of his major areas of research is in the development of molecular imaging agents for the diagnosis and monitoring of cancer metabolism and cell proliferation.
• Elazer Edelman, MD, PhD, is the Thomas D. and Virginia W. Cabot Professor of Health Sciences and Technology at MIT, Professor of Medicine at Harvard Medical School, and a coronary care unit cardiologist at the Brigham and Women’s Hospital in Boston. He directs the Harvard-MIT Biomedical Engineering Center (BMEC), investigating ways to elucidate the fundamental biologic processes and mechanisms of disease.
• Heinrich Schelbert, MD, PhD, is Professor of Pharmacology and Radiological Sciences and a Chief of Cardiovascular Nuclear Medicine at the UCLA School of Medicine. He’s made seminal contributions related to cardiac PET imaging, including development of a radiotracer techniques used in non-invasive blood flow imaging, and is Editor-in-Chief of the Journal of Nuclear Medicine.
• Andrew Selwyn, MA, MD, PhD, is Professor of Medicine at Harvard Medical School and a Senior Physician and Associate Chief of the Cardiovascular Division (academic affairs) at Brigham and Women’s Hospital. He is a leading contributor to the research and clinical practice of interventional cardiology and biology of atherosclerosis.
For more information, see the company website at www.FluoroPharma.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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