Today, Ur-Energy, considered by many to be North America’s premier junior uranium mining company, reported that wholly-owned subsidiary NFU Wyoming, LLC successfully completed an important asset exchange agreement with Uranium One Americas, Inc. covering certain federal unpatented mining claims, as well as State of Wyoming Mineral Leases adjacent to the Company’s Lost Creek Property (licensed by the US Nuclear Regulatory Commission and permitted with the Wyoming Department of Environmental Quality).
This agreement provides for the transfer of the property interests, which extend to the N, SE, and SW of the Lost Creek acreage. Post-transaction this agreement will bring the total URG footprint up to a contiguous 39k acres. Tacking on the two Wyoming State Mineral Leases and 175 federal mining claims covered in the agreement adds considerable weight to the already winning strategy employed by URG in Wyoming. An emphasis on the roll front style uranium projects that have abundant in-situ recovery potential has helped URG differentiate its North America strategy from the competition.
President and CEO of URG, Wayne Heili, called it a mutually beneficial scenario for both companies and underscored the congruency of the acquired property interests with the company’s overall regional resource base expansion objectives.
Uranium One will also be providing geologic data on the area associated with the agreement that will serve to flesh-out URG’s existing, massive database of some 1k historic drill holes within the area. The augmented database will serve as a guide for the URG technical team in making determinations about resources for the newly acquired property interests, anticipating an updated NI 43-101 for Lost Creek that will include the new resources.
In consideration, Uranium One stands to acquire a key geologic database with over 3k unique drill hole logs, over 200 report maps and cross-sections that will be instrumental in development of their Allemand-Ross project in the Powder River Basin. The URG Southwest Powder River Basin drill hole database is a superb deal for the company to make in exchange for choice acreage, reinforcing its footprint at a site with a bright future.
Projections for Lost Creek’s development arc look excellent and ongoing planning/permitting positions the company not only for solid production numbers, but will also allow the implementation of 2M lbs per year of in-situ uranium processing infrastructure. Such facilities would augment an already impressive footprint of US/Canadian acreage under URG control.
Uranium mining, especially in highly-accessible markets like the U.S., has drawn increasing interest of late, with the first new U.S. reactors in three decades recently being approved, and global markets shifting more towards fundamentals, raw inputs and materials amid continued sovereign debt concerns. US DOE is also emphasizing smaller, safer reactors and this lays the groundwork for moves like the Bechtel Corp., Babcock, and Wilcox action to exploit their own patents on emergent, next-gen, small modular reactor tech. Indeed, a recent Siemens report indicated it could cost Germany as much as $2T to drop nuclear by 2030, something unthinkable amid persistent concerns over European sovereign debt in particular.
With some 20% of U.S. power coming from nuclear, the attraction of the uranium sector, whose performance has been suppressed since Fukushima (nevertheless essentially returning to performance parity with the S&P), is growing as investors take a closer look at undervalued uranium miners.
For more information on today’s agreement, or to stay up to date with the latest developments at Ur-Energy Inc. please visit the company’s website at www.Ur-Energy.com
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Wednesday, February 29, 2012
STWA, Inc. (ZERO) Signs 5-year Operating Agreement with U.S. Dept. of Energy’s Oilfield Testing Center
STWA, developer of energy efficiency technologies for the oil pipeline and diesel engine markets, today announced it has entered into a new five-year operating agreement with the U.S. Department of Energy’s (DOE) Rocky Mountain Oilfield Testing Center. The deal allows for continued field testing of STWA’s technology and its future iterations through the end of 2016.
In 2011, STWA and the DOE’s Rocky Mountain Oilfield Testing Center designed and retrofitted a purpose-built 4.5 mile underground oil pipeline facility to test the STWA’s Applied Oil Technology™ (AOT™) under simulated real-world conditions.
In October 2011 testing, the company’s AOT™ technology demonstrated pipeline operational efficiency improvements of more than 13 percent.
Continued testing, per the new five-year agreement, will evaluate advancements to AOT™, as well as any other technologies under development by STWA. The DOE will publish the results yielded by this further testing.
“By continuing our collaboration with the United States Department of Energy and field testing our technologies at the Rocky Mountain Oilfield Testing Center, we validate the effectiveness of our technology for the key decision makers in both industry and government,” STWA chairman and CEO Cecil Bond Kyte stated in the press release.
STWA’s AOT™ allows pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss), generating results in which pipeline operators’ pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs.
“We believe that AOT™’s intended benefit, to reduce the energy required to transport crude oil through commercial pipelines, aligns with the Rocky Mountain Oilfield Testing Center’s mission to assist in the development and commercialization of energy efficient and environmentally friendly technologies that address our nation’s critical energy challenges. Our aligned goals have led to a very productive cooperation that will extend for years to come,” Kyte stated.
For more information visit www.stwa.com
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In 2011, STWA and the DOE’s Rocky Mountain Oilfield Testing Center designed and retrofitted a purpose-built 4.5 mile underground oil pipeline facility to test the STWA’s Applied Oil Technology™ (AOT™) under simulated real-world conditions.
In October 2011 testing, the company’s AOT™ technology demonstrated pipeline operational efficiency improvements of more than 13 percent.
Continued testing, per the new five-year agreement, will evaluate advancements to AOT™, as well as any other technologies under development by STWA. The DOE will publish the results yielded by this further testing.
“By continuing our collaboration with the United States Department of Energy and field testing our technologies at the Rocky Mountain Oilfield Testing Center, we validate the effectiveness of our technology for the key decision makers in both industry and government,” STWA chairman and CEO Cecil Bond Kyte stated in the press release.
STWA’s AOT™ allows pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss), generating results in which pipeline operators’ pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs.
“We believe that AOT™’s intended benefit, to reduce the energy required to transport crude oil through commercial pipelines, aligns with the Rocky Mountain Oilfield Testing Center’s mission to assist in the development and commercialization of energy efficient and environmentally friendly technologies that address our nation’s critical energy challenges. Our aligned goals have led to a very productive cooperation that will extend for years to come,” Kyte stated.
For more information visit www.stwa.com
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TheraBiogen, Inc. (TRAB) Launches “Aggressive” Social Media Campaign, Recalls Pay-off
TheraBiogen, a manufacturer and distributor of homeopathic nasal sprays for aiding in the relief of allergies, cold and flu symptoms, and migraine headaches, today announced how the company’s recently launched social media campaign is benefitting its Thera Max® Cold and Flu brand.
As part of its “aggressive” social media strategy, TheraBiogen took to the Big Apple, launching its campaign on a billboard in Times Square. The company also posted to YouTube several interview testimonials, which garnered more than 40,000 views to-date. In addition, TheraBiogen CEO Kelly Hickel kicked-off a radio media tour.
TheraBiogen’s recent marketing efforts tail the October launch of the company’s flu product at two large retail pharmacies. TheraBiogen said it believes a number of opportunities will arise from these efforts as it works toward its goal of becoming a leading competitor in over-the-counter medications for cold and flu symptoms.
Thera Max® is an all-natural, non-addictive relief agent that differs from alternative cold and flu medications because it doesn’t contain Zinc, which has demonstrated adverse side-effects. TheraBiogen currently distributes this product in more than 12,000 locations, including Rite-Aid, Food Lion, and several other large drug retailers.
TheraBiogen’s pipeline includes several products under development, including allergy, sore throat, and migraine remedies.
For more information visit www.theramaxrelief.com
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As part of its “aggressive” social media strategy, TheraBiogen took to the Big Apple, launching its campaign on a billboard in Times Square. The company also posted to YouTube several interview testimonials, which garnered more than 40,000 views to-date. In addition, TheraBiogen CEO Kelly Hickel kicked-off a radio media tour.
TheraBiogen’s recent marketing efforts tail the October launch of the company’s flu product at two large retail pharmacies. TheraBiogen said it believes a number of opportunities will arise from these efforts as it works toward its goal of becoming a leading competitor in over-the-counter medications for cold and flu symptoms.
Thera Max® is an all-natural, non-addictive relief agent that differs from alternative cold and flu medications because it doesn’t contain Zinc, which has demonstrated adverse side-effects. TheraBiogen currently distributes this product in more than 12,000 locations, including Rite-Aid, Food Lion, and several other large drug retailers.
TheraBiogen’s pipeline includes several products under development, including allergy, sore throat, and migraine remedies.
For more information visit www.theramaxrelief.com
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Beacon Enterprise Solutions Group, Inc. (BEAC) Credits Project Success to Up-Front Interdisciplinary Team Process
Beacon Enterprise, a comprehensive IT service provider that has been able to maintain regular year-over-year growth in revenue and earnings in both U.S. and European operations, in spite of the global economic slump, has found that the use of multi-disciplined teams are key to ensuring that projects are completed on time and within budget. The company prides itself on being able to bring together the optimum mix of engineering, planning, and technical experts, across diverse fields of technology, resulting in the most economically sound solutions with the highest level of performance and functionality.
The company’s design and installation engineers include fiber optic and networking specialists, who help prevent the kind of gaps that are common with traditional consulting, design, and build efforts. Beacon teams also provide post-design bid and project management services, incorporating design compliance, bid management, and on-site project management. It’s an effective strategy for minimizing project delays, budget overruns, and continuous change orders.
In a further effort to guarantee integration with the architectural and engineering framework, Beacon also offers comprehensive consulting, design, AutoCAD, and specification services, including the following:
• Planning Services: high-level analysis, feasibility studies, facility usage, and budgeting
• Schematic Design: sketches, graphics, general design criteria, and preliminary cost estimates
• Design Development: detailed design and formal reviews at all phases of completion, including specifications, drawings, budgetary estimates, and project documents
• Construction Document: bid solicitation documents, instructions to bidders, bid forms, contract forms, general conditions, and RFI services
• Bidding: Distribution of bid documents, addenda preparation, contractor selection, and quantitative analysis of bid submissions
• Construction Administration: on-site project management to ensure design compliance; adherence to best practices, installation standards, and manufacturers’ guidelines; reports and project assessment
For additional information, visit the company’s website at www.AskBeacon.com
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The company’s design and installation engineers include fiber optic and networking specialists, who help prevent the kind of gaps that are common with traditional consulting, design, and build efforts. Beacon teams also provide post-design bid and project management services, incorporating design compliance, bid management, and on-site project management. It’s an effective strategy for minimizing project delays, budget overruns, and continuous change orders.
In a further effort to guarantee integration with the architectural and engineering framework, Beacon also offers comprehensive consulting, design, AutoCAD, and specification services, including the following:
• Planning Services: high-level analysis, feasibility studies, facility usage, and budgeting
• Schematic Design: sketches, graphics, general design criteria, and preliminary cost estimates
• Design Development: detailed design and formal reviews at all phases of completion, including specifications, drawings, budgetary estimates, and project documents
• Construction Document: bid solicitation documents, instructions to bidders, bid forms, contract forms, general conditions, and RFI services
• Bidding: Distribution of bid documents, addenda preparation, contractor selection, and quantitative analysis of bid submissions
• Construction Administration: on-site project management to ensure design compliance; adherence to best practices, installation standards, and manufacturers’ guidelines; reports and project assessment
For additional information, visit the company’s website at www.AskBeacon.com
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Sirius XM Radio Inc. (SIRI) Video Chart for Wednesday, February 29, 2012
SIRI moved through an inverted head and shoulders pattern with a breakout in January. Now it is forming a large cup and handle pattern and is on watch to test the old highs at $2.44.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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Alvarion Ltd. (ALVR) Unveils New 3G and LTE Mobile Data Offloading Solution
Today, Alvarion announced a new solution for Wi-Fi mobile data offloading in 3G and LTE networks that will enable a high level of service, fast connectivity, and secured Internet access. The company’s carrier-grade Wi-Fi, based on two-way Beamforming Wi-Fi technology, will provide an all-inclusive solution for the scalability, reliability, and security needs of operators with large-scale Wi-Fi networks for mobile data offloading and hot zones.
Operators can now benefit from increased network capacity and high traffic area coverage – where data congestion currently overloads 3G and LTE networks – thanks to Alvarion’s Mobile Data Offloading solution. The solution is Hot Spot and 802.11u ready, which permits a cellular-like experience via the Wi-Fi network with zero-configuration from the user. Operators can utilize the Wi-Fi network for more cost-effective user data connectivity – still providing the same level of service – and expand their network coverage and capacity, returning the original capacity to their 3G/LTE network.
Alvarion’s Mobile Data Offloading solution enables operators to increase network customer retention, minimize churn, and improve customer satisfaction. By using a carrier-grade Wi-Fi solution, operators can gain insight into user behavior by seeing network users and their user information. They can resultantly begin offering revenue-generating services like location-based amenities and mobile advertising; they can also lease extra capacity to service providers.
With the growing abundance of Wi-Fi enabled smartphones, laptops, and tablets, it follows that the same operators should be able to implement a data offload solution that is cost-effective, easy to install, scalable, and utilizes the free unlicensed spectrum. Alvarion’s Wi-Fi technology, closely integrated with the mobile operators’ core network, allows more solutions to be offered to customers addressing their increasing capacity challenges. The idea of merging Wi-Fi and 3G/LTE networks as one network is becoming a reality.
Alvarion provides optimized wireless broadband solutions that address the challenges in connectivity, coverage and capacity experienced by public and private networks. The company’s state-of-the-art solutions are founded upon multiple technologies across both licensed and unlicensed spectrums.
For further information about the company, visit www.alvarion.com
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Operators can now benefit from increased network capacity and high traffic area coverage – where data congestion currently overloads 3G and LTE networks – thanks to Alvarion’s Mobile Data Offloading solution. The solution is Hot Spot and 802.11u ready, which permits a cellular-like experience via the Wi-Fi network with zero-configuration from the user. Operators can utilize the Wi-Fi network for more cost-effective user data connectivity – still providing the same level of service – and expand their network coverage and capacity, returning the original capacity to their 3G/LTE network.
Alvarion’s Mobile Data Offloading solution enables operators to increase network customer retention, minimize churn, and improve customer satisfaction. By using a carrier-grade Wi-Fi solution, operators can gain insight into user behavior by seeing network users and their user information. They can resultantly begin offering revenue-generating services like location-based amenities and mobile advertising; they can also lease extra capacity to service providers.
With the growing abundance of Wi-Fi enabled smartphones, laptops, and tablets, it follows that the same operators should be able to implement a data offload solution that is cost-effective, easy to install, scalable, and utilizes the free unlicensed spectrum. Alvarion’s Wi-Fi technology, closely integrated with the mobile operators’ core network, allows more solutions to be offered to customers addressing their increasing capacity challenges. The idea of merging Wi-Fi and 3G/LTE networks as one network is becoming a reality.
Alvarion provides optimized wireless broadband solutions that address the challenges in connectivity, coverage and capacity experienced by public and private networks. The company’s state-of-the-art solutions are founded upon multiple technologies across both licensed and unlicensed spectrums.
For further information about the company, visit www.alvarion.com
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Tuesday, February 28, 2012
Zimtu Capital Corp. (ZC.V) is “One to Watch”
Trading on the TSX Venture Exchange, Zimtu Capital Corp. invests in, creates, and grows natural resource companies. They also provide mineral property advisory services that help connect companies to properties of interest. Zimtu focuses on private, micro-cap, and small-cap resource companies. Zimtu has their corporate headquarters in Vancouver, British Columbia.
The Company’s business model is to build and actively invest in new resource issuers, and locate and acquire mineral properties of merit, connecting them with exploration companies. For investee companies Zimtu Capital provides early-stage risk capital, business experience, and guidance, as well as active participation in management, financing, and marketing. For investors, the Company provides access to a portion of the market not typically available to them – pre-IPO and seed level financings.
Zimtu has funded or launched a number of companies. These include Commerce Resources Corp., Evolving Gold Corp., and Western Potash Corp. Concerning property transactions, projects are usually acquired on a 50-50 percent basis with geological and prospecting partners. Proceeds are also split 50-50 percent.
Last week, Zimtu announced that they and three prospecting partners signed an agreement with Galaxy Capital Corp. With the agreement, Galaxy can earn a 100 percent interest in the Sun Graphite Property located in southern Quebec. The Sun Graphite Property is a large 4,200-hectare claim block of 76 claims. It has multiple target areas and anomalies, the longest of which is 3 kilometers. The property is trench and drill ready.
Outokumpu Mines Inc. identified the property in exploration for base metal mineralization. Ground work confirmed graphite. Zimtu will receive staged cash and share payments from Galaxy for their participation in the transaction. Global consumption of natural graphite has increased from approximately 600,000 in 2000 to 1.2 MM t in 2012. Galaxy plans to mount an aggressive exploration campaign on the Sun Graphite Property.
Furthermore, this month, Zimtu announced that they and three prospecting partners signed an agreement with Strike Graphite Corp. whereby Strike can earn a 100 percent interest in the Wagon Graphite Property located in southwestern Quebec. The Wagon Property consists of three separate claim blocks totaling approximately 3,000 hectares and is approximately 15 km east of Timcal’s Lac des Iles Graphite Mine. For their participation in the transaction, Zimtu will receive staged cash and share payments from Strike Graphite.
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The Company’s business model is to build and actively invest in new resource issuers, and locate and acquire mineral properties of merit, connecting them with exploration companies. For investee companies Zimtu Capital provides early-stage risk capital, business experience, and guidance, as well as active participation in management, financing, and marketing. For investors, the Company provides access to a portion of the market not typically available to them – pre-IPO and seed level financings.
Zimtu has funded or launched a number of companies. These include Commerce Resources Corp., Evolving Gold Corp., and Western Potash Corp. Concerning property transactions, projects are usually acquired on a 50-50 percent basis with geological and prospecting partners. Proceeds are also split 50-50 percent.
Last week, Zimtu announced that they and three prospecting partners signed an agreement with Galaxy Capital Corp. With the agreement, Galaxy can earn a 100 percent interest in the Sun Graphite Property located in southern Quebec. The Sun Graphite Property is a large 4,200-hectare claim block of 76 claims. It has multiple target areas and anomalies, the longest of which is 3 kilometers. The property is trench and drill ready.
Outokumpu Mines Inc. identified the property in exploration for base metal mineralization. Ground work confirmed graphite. Zimtu will receive staged cash and share payments from Galaxy for their participation in the transaction. Global consumption of natural graphite has increased from approximately 600,000 in 2000 to 1.2 MM t in 2012. Galaxy plans to mount an aggressive exploration campaign on the Sun Graphite Property.
Furthermore, this month, Zimtu announced that they and three prospecting partners signed an agreement with Strike Graphite Corp. whereby Strike can earn a 100 percent interest in the Wagon Graphite Property located in southwestern Quebec. The Wagon Property consists of three separate claim blocks totaling approximately 3,000 hectares and is approximately 15 km east of Timcal’s Lac des Iles Graphite Mine. For their participation in the transaction, Zimtu will receive staged cash and share payments from Strike Graphite.
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MiMedx Group, Inc. (MDXG) Reports Full-year 2011 Financial Results
MiMedx Group, an integrated developer, manufacturer, and marketer of patent protected regenerative biomaterials and bioimplants processed from human amniotic membrane, today announced its financial results for the year ended December 31, 2011.
The company reported record revenue for full-year 2011 at $7.8 million, a tenfold increase over 2010 full-year revenue of $789,000.
MiMedx reported a net loss of $10.2 million, or $(0.14) per diluted common share, for the year ended December 31, 2011, as compared to the net loss of $11.4 million, or $(0.19) per diluted common share, recorded for the year ended December 31, 2010.
Adjusted EBITDA for the year ended December 31, 2011, totaled a loss of $6.3 million, as compared to the Adjusted EBITDA loss of $8.3 million for the year ended December 31, 2010.
As of December 31, 2011, the company reported cash on hand of $4.1 million, a $2.8 million increase over the $1.3 million reported for the year prior. Stockholders’ equity as of December 31, 2011, was $11.9 million, nearly a two-fold increase in stockholder’s equity of $6.1 million as of December 31, 2010.
Parker H. “Pete” Petit, chairman and CEO, detailed several company achievements and undertakings over the last 12 months:
• In January 2011, MiMedx acquired Surgical Biologics and grew its allograft revenue from about $1.7 million in 2010 to more than $7 million in 2011.
• During the fourth quarter, MiMedx secured the C-Code from the Centers for Medicare and Medicaid Services (CMS) for its EpiFix® allograft.
• In the second quarter of 2011, the company successfully completed a $6 million private placement; an additional $5 million private placement was completed in December 2011.
• MiMedx’ HydroFix® Vaso Shield was cleared by the FDA for additional thicknesses and sizes; the HydroFix® Ortho Shield product also received FDA 510(k) clearance during the year.
The company also provided its revenue goals for 2012, reporting a revenue goal for the first quarter 2012 at $3.6 million. Revenue goals for the second, third and fourth quarters of 2012 are $4.9 million, $6.4 million, and $8.1 million, respectively.
For more information visit www.mimedx.com
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The company reported record revenue for full-year 2011 at $7.8 million, a tenfold increase over 2010 full-year revenue of $789,000.
MiMedx reported a net loss of $10.2 million, or $(0.14) per diluted common share, for the year ended December 31, 2011, as compared to the net loss of $11.4 million, or $(0.19) per diluted common share, recorded for the year ended December 31, 2010.
Adjusted EBITDA for the year ended December 31, 2011, totaled a loss of $6.3 million, as compared to the Adjusted EBITDA loss of $8.3 million for the year ended December 31, 2010.
As of December 31, 2011, the company reported cash on hand of $4.1 million, a $2.8 million increase over the $1.3 million reported for the year prior. Stockholders’ equity as of December 31, 2011, was $11.9 million, nearly a two-fold increase in stockholder’s equity of $6.1 million as of December 31, 2010.
Parker H. “Pete” Petit, chairman and CEO, detailed several company achievements and undertakings over the last 12 months:
• In January 2011, MiMedx acquired Surgical Biologics and grew its allograft revenue from about $1.7 million in 2010 to more than $7 million in 2011.
• During the fourth quarter, MiMedx secured the C-Code from the Centers for Medicare and Medicaid Services (CMS) for its EpiFix® allograft.
• In the second quarter of 2011, the company successfully completed a $6 million private placement; an additional $5 million private placement was completed in December 2011.
• MiMedx’ HydroFix® Vaso Shield was cleared by the FDA for additional thicknesses and sizes; the HydroFix® Ortho Shield product also received FDA 510(k) clearance during the year.
The company also provided its revenue goals for 2012, reporting a revenue goal for the first quarter 2012 at $3.6 million. Revenue goals for the second, third and fourth quarters of 2012 are $4.9 million, $6.4 million, and $8.1 million, respectively.
For more information visit www.mimedx.com
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Marley Coffee (JAMN) Expands International Reach with Japanese Deal
Marley Coffee is a company involved in the business of sustainably grown, ethically farmed and artisan roasted gourmet coffee. It provides seven varieties of premium coffees to the grocery, retail, online, service, hospitality, and office coffee service industries.
The company today announced a partnership distribution agreement in Japan. Markey Coffee reported that IMT Imedia Cafe, an alliance between a Japanese enterprise and Columbian coffee farmers, processors, and exporters who specialize in gourmet and specialty coffees, has become its new distribution partner in Japan. Imedia Cafe has been in the coffee business since 2007 promoting and selling organic certified, specialty grade green coffee beans from Latin America in Japan, which is the fourth biggest coffee market in the world.
The partnership is expected to significantly expand the availability and retail presence of Marley Coffee in Tokyo and elsewhere in Japan. Imedia Cafe, which is already selling Marley Coffee, now plans to aggressively increase distribution of the company’s coffee to retailers throughout Japan. In addition, it will feature Marley Coffee at industry trade shows and ecology-minded consumer events and reggae festivals. The Marley name is already an iconic name in Japanese popular culture.
Both companies agree that the alliance makes sense. Emiko Ichinose of IMT Imedia Cafe said, “Our business is built upon a simple concept that aligns with Marley Coffee – ‘fair to the people, pure to the earth’.”
For more information about Marley Coffee and its coffee business, please visit the company’s website at www.MarleyCoffee.com
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The company today announced a partnership distribution agreement in Japan. Markey Coffee reported that IMT Imedia Cafe, an alliance between a Japanese enterprise and Columbian coffee farmers, processors, and exporters who specialize in gourmet and specialty coffees, has become its new distribution partner in Japan. Imedia Cafe has been in the coffee business since 2007 promoting and selling organic certified, specialty grade green coffee beans from Latin America in Japan, which is the fourth biggest coffee market in the world.
The partnership is expected to significantly expand the availability and retail presence of Marley Coffee in Tokyo and elsewhere in Japan. Imedia Cafe, which is already selling Marley Coffee, now plans to aggressively increase distribution of the company’s coffee to retailers throughout Japan. In addition, it will feature Marley Coffee at industry trade shows and ecology-minded consumer events and reggae festivals. The Marley name is already an iconic name in Japanese popular culture.
Both companies agree that the alliance makes sense. Emiko Ichinose of IMT Imedia Cafe said, “Our business is built upon a simple concept that aligns with Marley Coffee – ‘fair to the people, pure to the earth’.”
For more information about Marley Coffee and its coffee business, please visit the company’s website at www.MarleyCoffee.com
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Telanetix, Inc. (TNIX) Posts Preliminary Q4 Results
Telanetix, a leading cloud-based communications provider, today reported preliminary financial results for its 2011 fourth quarter ended December 31, 2011.
The company reported a 20.7 percent increase in fourth-quarter 2011 core voice revenue at $6.6 million compared to $5.5 million reported in the fourth quarter of 2010.
Fourth-quarter 2011 total revenue increased 12 percent to $7.5 million as compared to fourth-quarter 2010 revenue of $6.7 million.
Telanetix narrowed its quarterly net loss by 62 percent to $0.6 million for the fourth quarter of 2011, as compared to a net loss of $1.6 million in the fourth quarter of 2010.
Adjusted EBITDA increased to a record $1.2 million, up 126 percent from $536,000 in the fourth quarter of 2010. This marks the company’s ninth consecutive quarter of positive adjusted EBITDA.
“These are exciting times for Telanetix as we continue to make significant progress with our business,” Doug Johnson, Telanetix’ CEO stated in the press release. “Our core customer acquisition rates have steadily increased to the highest levels in our history, while our revenue growth rate is continuing to improve. We are pleased that we have shown consistent growth, while also posting record performance in adjusted EBITDA. The company is executing well and we are focused on accelerating sales and growing our market share.”
Johnson concluded by noting the company’s favorable outlook for 2012.
“Our value proposition as a cloud-based, hosted voice solution resonates well with customers, as we deliver superior capabilities and performance at approximately 50 percent of the cost of traditional business voice solutions. As we look ahead to 2012, we are optimistic about our long term growth prospects and cash generation capabilities,” Johnson stated.
Telanetix plans to report its final financial fourth-quarter results in March 2012.
For more information visit www.telanetix.com
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The company reported a 20.7 percent increase in fourth-quarter 2011 core voice revenue at $6.6 million compared to $5.5 million reported in the fourth quarter of 2010.
Fourth-quarter 2011 total revenue increased 12 percent to $7.5 million as compared to fourth-quarter 2010 revenue of $6.7 million.
Telanetix narrowed its quarterly net loss by 62 percent to $0.6 million for the fourth quarter of 2011, as compared to a net loss of $1.6 million in the fourth quarter of 2010.
Adjusted EBITDA increased to a record $1.2 million, up 126 percent from $536,000 in the fourth quarter of 2010. This marks the company’s ninth consecutive quarter of positive adjusted EBITDA.
“These are exciting times for Telanetix as we continue to make significant progress with our business,” Doug Johnson, Telanetix’ CEO stated in the press release. “Our core customer acquisition rates have steadily increased to the highest levels in our history, while our revenue growth rate is continuing to improve. We are pleased that we have shown consistent growth, while also posting record performance in adjusted EBITDA. The company is executing well and we are focused on accelerating sales and growing our market share.”
Johnson concluded by noting the company’s favorable outlook for 2012.
“Our value proposition as a cloud-based, hosted voice solution resonates well with customers, as we deliver superior capabilities and performance at approximately 50 percent of the cost of traditional business voice solutions. As we look ahead to 2012, we are optimistic about our long term growth prospects and cash generation capabilities,” Johnson stated.
Telanetix plans to report its final financial fourth-quarter results in March 2012.
For more information visit www.telanetix.com
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GlobalWise Investments, Inc. (GWIV) Tells of Intellinetics’ Evolution from ECM Industry Pioneer to Leading-Edge Cloud Technology Company
GlobalWise Investments, Inc. and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management (“ECM”) systems in both the public and private sectors, today provided an overview of Intellinetics’ history and current position in the ECM industry.
The Intellinetics’ flagship ECM platform, Intellivue™, represents a new industry benchmark in making the promise of ECM a simple to attain, affordable reality by combining the power of the Cloud with on-demand solution templates and user-focused design. Intellivue™ provides clients with the ability to access and manage every piece of content they produce or receive, including but not limited to paper documents, digital content, database print streams and e-mail. The data is accessible from virtually any PC, laptop, tablet or smartphone from anywhere in the world.
Through its cloud-based Intellivue™ product line and unique Channel / OEM distribution model, Intellinetics is prepared to dominate in the underserved small-to-mid sized business marketplace. The Company’s position reflects the entrepreneurial vision and innovation of its founders, which served as catalysts for Intellinetics’ evolution from an early pioneer to a recognizable player in the ECM industry.
In 1994, father and son founders Michael and Matthew Chretien formed Intellinetics, Inc. in Columbus, Ohio. Leveraging Michael’s 25-year law enforcement career combined with Matthew’s IT and operational backgrounds, Intellinetics provided IT consulting, document storage systems and project-specific software development. In 1995, the entrepreneurs won their first consulting contract with the Ohio State Highway Patrol to provide a more sophisticated solution to their 1950s era records management system. This marked the beginning of the modern-day Intellinetics, which began to transition itself from records content storage consulting toward becoming a software development firm focused on enterprise-wide content management.
From mid-1990 to early 2000, Intellinetics focused on business “intelligence” and developed industry-first redaction-enabled technology for the Ohio State Highway Patrol, a development that garnered national recognition. This new redaction-enabled software won the Technology Award of Excellence and continued the Company’s software development path toward an ECM system that could be used as an enterprise-wide document management solution. During this formation timeframe, the Intellinetics customer base evolved beyond law enforcement to government contracts and commercial clients.
From 2001 through 2007, Intellinetics continued to focus on software development, refinement, customer expansion and increasing sales. From 2007 through the beginning of 2010, Intellinetics was awarded two Ohio Innovation Loans to accelerate its software migration from a more traditional client-server premise-based solution to Web-based services optimized for cloud delivery. This transformation is foundational to Intellinetics’ success and timing. As the proliferation of “smartphone” mobile devices were becoming a more viable business tool, the Intellinetics software was being optimized for access from any Internet-enabled hardware device.
Today, with the Company’s technology migration to the “cloud” complete, Intellinetics is rapidly becoming an aggressive player in the growing ECM industry, which Gartner estimates will exceed $5.7 billion by 2014 with compounded annual growth rates of 10.1%. The Intellivue™ ECM platform is now being distributed through a variety of direct sales and value-added resellers or channels throughout the private and public sectors. Leveraging its industry leading position, Intellinetics will capture emerging growth opportunities by driving the ECM economic benefits to the private and public sectors in the underserved small-to-mid sized business market.
For more information, please visit www.GlobalWiseInvestments.com
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The Intellinetics’ flagship ECM platform, Intellivue™, represents a new industry benchmark in making the promise of ECM a simple to attain, affordable reality by combining the power of the Cloud with on-demand solution templates and user-focused design. Intellivue™ provides clients with the ability to access and manage every piece of content they produce or receive, including but not limited to paper documents, digital content, database print streams and e-mail. The data is accessible from virtually any PC, laptop, tablet or smartphone from anywhere in the world.
Through its cloud-based Intellivue™ product line and unique Channel / OEM distribution model, Intellinetics is prepared to dominate in the underserved small-to-mid sized business marketplace. The Company’s position reflects the entrepreneurial vision and innovation of its founders, which served as catalysts for Intellinetics’ evolution from an early pioneer to a recognizable player in the ECM industry.
In 1994, father and son founders Michael and Matthew Chretien formed Intellinetics, Inc. in Columbus, Ohio. Leveraging Michael’s 25-year law enforcement career combined with Matthew’s IT and operational backgrounds, Intellinetics provided IT consulting, document storage systems and project-specific software development. In 1995, the entrepreneurs won their first consulting contract with the Ohio State Highway Patrol to provide a more sophisticated solution to their 1950s era records management system. This marked the beginning of the modern-day Intellinetics, which began to transition itself from records content storage consulting toward becoming a software development firm focused on enterprise-wide content management.
From mid-1990 to early 2000, Intellinetics focused on business “intelligence” and developed industry-first redaction-enabled technology for the Ohio State Highway Patrol, a development that garnered national recognition. This new redaction-enabled software won the Technology Award of Excellence and continued the Company’s software development path toward an ECM system that could be used as an enterprise-wide document management solution. During this formation timeframe, the Intellinetics customer base evolved beyond law enforcement to government contracts and commercial clients.
From 2001 through 2007, Intellinetics continued to focus on software development, refinement, customer expansion and increasing sales. From 2007 through the beginning of 2010, Intellinetics was awarded two Ohio Innovation Loans to accelerate its software migration from a more traditional client-server premise-based solution to Web-based services optimized for cloud delivery. This transformation is foundational to Intellinetics’ success and timing. As the proliferation of “smartphone” mobile devices were becoming a more viable business tool, the Intellinetics software was being optimized for access from any Internet-enabled hardware device.
Today, with the Company’s technology migration to the “cloud” complete, Intellinetics is rapidly becoming an aggressive player in the growing ECM industry, which Gartner estimates will exceed $5.7 billion by 2014 with compounded annual growth rates of 10.1%. The Intellivue™ ECM platform is now being distributed through a variety of direct sales and value-added resellers or channels throughout the private and public sectors. Leveraging its industry leading position, Intellinetics will capture emerging growth opportunities by driving the ECM economic benefits to the private and public sectors in the underserved small-to-mid sized business market.
For more information, please visit www.GlobalWiseInvestments.com
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GTX Corp. (GTXO): Industry Leader Providing Real-Time GPS Personal Location Services
GTX is a leading innovator in providing enterprise two-way GPS personal location services (PLS). Based in Los Angeles, the company was founded in 2002 and is renowned for its award-winning patented GPS Smart Shoe, as well as for its smartphone GPS Tracking App. GTX leads the industry with pioneering geo-specific and proximity marketing applications that enable users to know where someone or something is with the touch of a button.
GTX employs cutting-edge miniaturized, low-power consumption technology and offers an enterprise GPS and cellular location platform that tracks in real-time so customers can keep track of the people, pets, vehicles, and valuable assets they care about the most. The company provides a complete end-to-end solution of hardware, middleware, apps, connectivity, and professional services – all through a licensing business model.
GTX owns and operates LOCiMOBILE, Inc., a developer of applications for smartphones and tablets, and Code Amber News Service and Code Amber Alertag. The company became involved with the latter through an acquisition. Code Amber News Service, Inc. is the leading online news publisher of local, state, and national missing person alerts and is a distributor of missing person alerts and information when a missing person does not meet a state’s official Amber Alert criteria. GTX provided the technology platform, infrastructure, and resources CodeAmber.org needed to expand the syndication of its critical data stream to a wider and broader mobile base through PLS technologies, PDAs, and smartphones.
GTX’s products generate information that is received and processed by an around-the-clock data monitoring center – providing instant, real-time location information and movement history on Google Maps. If the wearer goes outside of a user-customizable perimeter, the approved subscribers receive a proactive alert. These services can be utilized for children and family tracking; for tracking elderly and mentally diminished persons; for athletic events and bio-monitoring; for property, security, military, and tactical uses; and for social networking and entertainment.
For further information about GTX Corp. and its products and services, visit www.gtxcorp.com
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GTX employs cutting-edge miniaturized, low-power consumption technology and offers an enterprise GPS and cellular location platform that tracks in real-time so customers can keep track of the people, pets, vehicles, and valuable assets they care about the most. The company provides a complete end-to-end solution of hardware, middleware, apps, connectivity, and professional services – all through a licensing business model.
GTX owns and operates LOCiMOBILE, Inc., a developer of applications for smartphones and tablets, and Code Amber News Service and Code Amber Alertag. The company became involved with the latter through an acquisition. Code Amber News Service, Inc. is the leading online news publisher of local, state, and national missing person alerts and is a distributor of missing person alerts and information when a missing person does not meet a state’s official Amber Alert criteria. GTX provided the technology platform, infrastructure, and resources CodeAmber.org needed to expand the syndication of its critical data stream to a wider and broader mobile base through PLS technologies, PDAs, and smartphones.
GTX’s products generate information that is received and processed by an around-the-clock data monitoring center – providing instant, real-time location information and movement history on Google Maps. If the wearer goes outside of a user-customizable perimeter, the approved subscribers receive a proactive alert. These services can be utilized for children and family tracking; for tracking elderly and mentally diminished persons; for athletic events and bio-monitoring; for property, security, military, and tactical uses; and for social networking and entertainment.
For further information about GTX Corp. and its products and services, visit www.gtxcorp.com
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SoundBite Communications, Inc. (SDBT) Acquires 2ergo Americas
SoundBite Communications recently announced the acquisition of mobile marketing company 2ergo Americas, a subsidiary of 2ergo Group plc. Obtaining 2ergo broadens SoundBite’s base of clients and the mobile marketing services the company offers.
SoundBite provides cloud-based marketing communications focused on two markets: hosted contact centers and mobile marketing, with existing clients including Global 500 and Fortune 500 companies, while facilitating 2 billion customer interactions annually. 2ergo’s marketing clients include Fox News, Fox Sports, the Australian Broadcasting Corporation, U.S. Cellular, Orange, Aviva, and Fidelity, among others.
With 2ergo, SoundBite will receive the ability to provide services such as SMS, mobile coupons, QR code, and mobile web platforms, as well as carrier-grade scalability and Latin American connectivity. SoundBite will also become an authorized reseller of podfi, 2ergo’s contactless redemption and in-store location service. Furthermore, 2ergo Group will become a reseller for SoundBite Engage and SoundBite Insight products, a communications platform and demographic data collection system, respectively.
Jim Milton, president and CEO of SoundBite Communications, said, “We are excited to add the clients, technology and employees of 2ergo Americas to the SoundBite family. This acquisition, combined with the 2ergo Group strategic relationship, will help establish SoundBite as a top player in mobile marketing. We are committed to our mission of enabling clients to harness the power and ubiquity of the mobile device to establish lifelong profitable customer relationships, and we will continue to invest in achieving this goal.”
“Today’s announcement with SoundBite accelerates 2ergo Group’s mobile leadership strategy in three ways,” commented Neale Graham, founder and CEO of 2ergo Group. “First, the proceeds from the sale of 2ergo Americas will help accelerate our podifi development efforts. Second, while we increase our focus on podifi, we are delighted that, in SoundBite, we found a home for our Americas’ clients and a staff that shares our values and passion for client success. And finally, the strategic relationship allows both parties to leverage each others’ best-in-class technology.”
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SoundBite provides cloud-based marketing communications focused on two markets: hosted contact centers and mobile marketing, with existing clients including Global 500 and Fortune 500 companies, while facilitating 2 billion customer interactions annually. 2ergo’s marketing clients include Fox News, Fox Sports, the Australian Broadcasting Corporation, U.S. Cellular, Orange, Aviva, and Fidelity, among others.
With 2ergo, SoundBite will receive the ability to provide services such as SMS, mobile coupons, QR code, and mobile web platforms, as well as carrier-grade scalability and Latin American connectivity. SoundBite will also become an authorized reseller of podfi, 2ergo’s contactless redemption and in-store location service. Furthermore, 2ergo Group will become a reseller for SoundBite Engage and SoundBite Insight products, a communications platform and demographic data collection system, respectively.
Jim Milton, president and CEO of SoundBite Communications, said, “We are excited to add the clients, technology and employees of 2ergo Americas to the SoundBite family. This acquisition, combined with the 2ergo Group strategic relationship, will help establish SoundBite as a top player in mobile marketing. We are committed to our mission of enabling clients to harness the power and ubiquity of the mobile device to establish lifelong profitable customer relationships, and we will continue to invest in achieving this goal.”
“Today’s announcement with SoundBite accelerates 2ergo Group’s mobile leadership strategy in three ways,” commented Neale Graham, founder and CEO of 2ergo Group. “First, the proceeds from the sale of 2ergo Americas will help accelerate our podifi development efforts. Second, while we increase our focus on podifi, we are delighted that, in SoundBite, we found a home for our Americas’ clients and a staff that shares our values and passion for client success. And finally, the strategic relationship allows both parties to leverage each others’ best-in-class technology.”
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By following us at Twitter, you will be right on top of the action in the micro-cap and small-cap markets. You will receive short alerts regarding stock movements, news releases, and our new “Ones to Watch.” Every week we send dozens of tweets to bring our followers the hottest stocks and headlines.
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Monday, February 27, 2012
Grid Petroleum Corp. (GRPR) Signs Joint Venture Agreement on Texas Oil and Gas Property
Grid Petroleum reported that the company has signed an agreement with a private oil and gas operator to jointly develop a prospective field in Texas. The Joint Venture Development Agreement (JVDA) covers a 4,500 acre section of the Northwest Premont Field located in Jim Wells County, Texas. The oil and gas field is part of the Gulf Coast Trend of South Texas.
Grid Petroleum estimates that the area included under the JVDA may contain potential reserves of approximately 20 million barrels of oil and 20 billion cubic feet of natural gas. The field has 15 prospective hydrocarbon formations that could be developed.
Grid Petroleum said that the JVDA details the initial phase of development, which includes the drilling and completion of 20 new wells and the redevelopment of eight wells that are currently shut in and not producing.
The first well under the agreement has been permitted, and it is expected to target the Frio Sands formation at a depth of approximately 5,000 feet. The company anticipates drilling to commence on March 15 and take approximately 30 days. The initial well is an offset well to an earlier well that was successfully drilled to a depth of 4,000 feet, finding approximately 118 feet of net oil and gas pay.
For more information on the company, go to www.gridpetroleum.com
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Grid Petroleum estimates that the area included under the JVDA may contain potential reserves of approximately 20 million barrels of oil and 20 billion cubic feet of natural gas. The field has 15 prospective hydrocarbon formations that could be developed.
Grid Petroleum said that the JVDA details the initial phase of development, which includes the drilling and completion of 20 new wells and the redevelopment of eight wells that are currently shut in and not producing.
The first well under the agreement has been permitted, and it is expected to target the Frio Sands formation at a depth of approximately 5,000 feet. The company anticipates drilling to commence on March 15 and take approximately 30 days. The initial well is an offset well to an earlier well that was successfully drilled to a depth of 4,000 feet, finding approximately 118 feet of net oil and gas pay.
For more information on the company, go to www.gridpetroleum.com
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The FluoroPharma Medical, Inc. (FPMI) Edge
The positive report just released by Zacks Small-Cap Research on FluoroPharma Medical, developer of advanced medical diagnostic imaging tracer products for use with positron emission tomography (PET), highlights the principal advantages of FluoroPharma in the healthcare market. Although healthcare itself is a steadily rising sea, with aging baby boomers continuing to feed the market, the distinctive advantages of FluoroPharma give the company a unique edge.
FluoroPharma is developing specialized tracer chemicals that are able to integrate themselves into subtle bodily processes, allowing sophisticated PET technology to detect biological events at the cellular and molecular level, long before the manifestation of disease symptoms. As such, PET technology represents an internal detection resolution unmatched by other diagnostic imaging approaches, and FluoroPharma’s focus on PET provides the company’s first key advantage in the healthcare marketplace.
In addition, FluoroPharma’s main radiopharmaceutical products target the extensive coronary artery disease (CAD) market. CAD remains a major global killer and is the subject of massive funding for the development of associated products. FluoroPharma has three tracer products directly related to CAD. CardioPET helps identify patients that will benefit from PCI or revascularization and guide intervention, and can evaluate CAD in patients that cannot go through stress tests. BFPET can be used for the detection of presumptive CAD in combination with stress testing, as well as for the improved detection of CAD related to multi-vessel disease. VasoPET can be used for evaluating patients experiencing Acute Coronary Syndrome or a risk of stroke, or for evaluating therapy following an acute cardiac event or stroke.
Yet another advantage for FluoroPharma is the unmatched capabilities of their particular tracers. Current CAD related PET tracers carry an unusually high cost, and have also experienced safety issues and availability shortages. As a result, there is a significant demand for new approaches, as offered by FluoroPharma.
For more information, see the company website at www.FluoroPharma.com
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FluoroPharma is developing specialized tracer chemicals that are able to integrate themselves into subtle bodily processes, allowing sophisticated PET technology to detect biological events at the cellular and molecular level, long before the manifestation of disease symptoms. As such, PET technology represents an internal detection resolution unmatched by other diagnostic imaging approaches, and FluoroPharma’s focus on PET provides the company’s first key advantage in the healthcare marketplace.
In addition, FluoroPharma’s main radiopharmaceutical products target the extensive coronary artery disease (CAD) market. CAD remains a major global killer and is the subject of massive funding for the development of associated products. FluoroPharma has three tracer products directly related to CAD. CardioPET helps identify patients that will benefit from PCI or revascularization and guide intervention, and can evaluate CAD in patients that cannot go through stress tests. BFPET can be used for the detection of presumptive CAD in combination with stress testing, as well as for the improved detection of CAD related to multi-vessel disease. VasoPET can be used for evaluating patients experiencing Acute Coronary Syndrome or a risk of stroke, or for evaluating therapy following an acute cardiac event or stroke.
Yet another advantage for FluoroPharma is the unmatched capabilities of their particular tracers. Current CAD related PET tracers carry an unusually high cost, and have also experienced safety issues and availability shortages. As a result, there is a significant demand for new approaches, as offered by FluoroPharma.
For more information, see the company website at www.FluoroPharma.com
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Access Plans, Inc. (APNC) to be Acquired by Aon Affinity for $70M
Access Plans, a leading membership benefits marketing company with customers in the United States and Canada, today announced it will be acquired by Aon Affinity, a unit of global risk management business, Aon Corporation.
Per the agreement, Aon Affinity will acquire all Access Plans outstanding shares and options to acquire the company’s common stock for cash consideration of approximately $70.1 million, subject to adjustment for various necessary and closing expenses; assuming a net cash amount of $15.0 million, the per share cash consideration is approximately $3.30.
Access Plans is a membership plan provider in the specialty rent-to-own market space. The company bundles a wide range of non-insurance, commonly used products and services, from medical, dental, and pharmacy benefits, to groceries, and hotel rooms. The company sells these plans to consumers primarily in retail and rent-to-own businesses established in more than 10,000 stores in the U.S., Canada and Puerto Rico.
Access Plans CEO and Chairman Danny Wright said the acquisition is the next step in the company’s move toward overall company growth and value.
“At Access Plans, we provide opportunities for people to save money on the things they spend money on every day and offer access to products and services they might otherwise be unable to afford,” Wright stated in the press release. “This sale represents a natural step for us. Becoming a part of the leading risk advisory firm translates into a positive outcome for our shareholders, greater options and value for our clients and increased opportunities for our employees.”
Access Plans’ executive team and administrative staff will remain in their Norman, Oklahoma, and Irving, Texas, locations, and will operate as a business unit of Aon Affinity in Hatboro, Penn.
The deal is expected to close during the second quarter of 2012, and is subject to various closing conditions.
For more information visit www.aon.com
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Per the agreement, Aon Affinity will acquire all Access Plans outstanding shares and options to acquire the company’s common stock for cash consideration of approximately $70.1 million, subject to adjustment for various necessary and closing expenses; assuming a net cash amount of $15.0 million, the per share cash consideration is approximately $3.30.
Access Plans is a membership plan provider in the specialty rent-to-own market space. The company bundles a wide range of non-insurance, commonly used products and services, from medical, dental, and pharmacy benefits, to groceries, and hotel rooms. The company sells these plans to consumers primarily in retail and rent-to-own businesses established in more than 10,000 stores in the U.S., Canada and Puerto Rico.
Access Plans CEO and Chairman Danny Wright said the acquisition is the next step in the company’s move toward overall company growth and value.
“At Access Plans, we provide opportunities for people to save money on the things they spend money on every day and offer access to products and services they might otherwise be unable to afford,” Wright stated in the press release. “This sale represents a natural step for us. Becoming a part of the leading risk advisory firm translates into a positive outcome for our shareholders, greater options and value for our clients and increased opportunities for our employees.”
Access Plans’ executive team and administrative staff will remain in their Norman, Oklahoma, and Irving, Texas, locations, and will operate as a business unit of Aon Affinity in Hatboro, Penn.
The deal is expected to close during the second quarter of 2012, and is subject to various closing conditions.
For more information visit www.aon.com
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GlobalSCAPE, Inc. (GSB) Bundles New Highly-Intuitive Mobile Capability from TappIn Acquisition into Secure File Access Platform
Today, GlobalSCAPE®, well-established provider of a host of secure information exchange platforms and SaaS solutions (which first made a name for itself back in 1996 with the popular CuteFTP® product), implemented a new feature for their proven Enhanced File Transfer (EFT) Server™ platform that allows easy, secure access to business files from any popular smartphone/mobile device.
The Secure Mobile Access™ module, combined with EFT Server, represents a powerful incorporation of technology developed by TappIn™, Inc. and acquired by GSB during the 2011 acquisition of the Seattle-based mobile file sharing innovator.
A solution now exists for businesses/IT departments to easily enable employees to simply use their own mobile device. The implications are obvious and the potential benefits to a business are immediate. Allowing employees to stay connected to the business, accessing and sharing files in a secure environment via their own mobile, is a silver-bullet to problems emerging in the constantly evolving, always-on modern workspace.
Since just December when the acquisition was completed, GSB has managed to successfully integrate the convenient, mobile file access capabilities of TappIn’s technology, with the rock-solid security envelope of the EFT Server. This allows the comprehensive, full-spectrum control for managing user access that administrators have come to love about EFT Server, to be extended rapidly via the initiation of a TappIn account activation by the user. Because the files are not stored in the cloud, there is no upload required before accessing.
Direct access to infrastructure-resident corporate data in a secure environment from any mobile device, in an intuitive, easy to use, and easy to manage interface: this kind of anytime, anywhere connectivity with advanced, yet convenient management functionality is impressive and there is significant buzz building about GSB’s aggressive, pioneering strategy.
CEO of GSB, Jim Morris, hailed the convenience this powerful integration brings forth as a perfect solution for delivering enterprise-grade secure file transfer. The expertise brought to the table by TappIn has been instrumental in developing the kind of advanced, highly-effective mobile access solution the market demands and Morris was keen to emphasize this advantage to customers.
A recent report on smartphone adoption shows that although only 17% of American’s own a smartphone, small business owners’ usage is as high as 49% (Forrester Research). More and more devices are emerging into the category thanks to rapidly changing software/hardware relationships, expanding bandwidth, and secure file access and management solutions like those offered by GSB. As the proliferation of smartphones increases the rate of demand for intuitive, powerful solutions to everyday file access and transfer requirements, the market for precisely such capabilities as today’s announcement heralds will continue to grow.
GSB has over a decade and a half of experience bringing businesses and consumers everything from secure FTP servers and managed hosting services endpoint security to workflow automation. For more information on the San Antonio, Texas-based GlobalSCAPE, Inc. please visit the company’s website at: www.GlobalScape.com
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The Secure Mobile Access™ module, combined with EFT Server, represents a powerful incorporation of technology developed by TappIn™, Inc. and acquired by GSB during the 2011 acquisition of the Seattle-based mobile file sharing innovator.
A solution now exists for businesses/IT departments to easily enable employees to simply use their own mobile device. The implications are obvious and the potential benefits to a business are immediate. Allowing employees to stay connected to the business, accessing and sharing files in a secure environment via their own mobile, is a silver-bullet to problems emerging in the constantly evolving, always-on modern workspace.
Since just December when the acquisition was completed, GSB has managed to successfully integrate the convenient, mobile file access capabilities of TappIn’s technology, with the rock-solid security envelope of the EFT Server. This allows the comprehensive, full-spectrum control for managing user access that administrators have come to love about EFT Server, to be extended rapidly via the initiation of a TappIn account activation by the user. Because the files are not stored in the cloud, there is no upload required before accessing.
Direct access to infrastructure-resident corporate data in a secure environment from any mobile device, in an intuitive, easy to use, and easy to manage interface: this kind of anytime, anywhere connectivity with advanced, yet convenient management functionality is impressive and there is significant buzz building about GSB’s aggressive, pioneering strategy.
CEO of GSB, Jim Morris, hailed the convenience this powerful integration brings forth as a perfect solution for delivering enterprise-grade secure file transfer. The expertise brought to the table by TappIn has been instrumental in developing the kind of advanced, highly-effective mobile access solution the market demands and Morris was keen to emphasize this advantage to customers.
A recent report on smartphone adoption shows that although only 17% of American’s own a smartphone, small business owners’ usage is as high as 49% (Forrester Research). More and more devices are emerging into the category thanks to rapidly changing software/hardware relationships, expanding bandwidth, and secure file access and management solutions like those offered by GSB. As the proliferation of smartphones increases the rate of demand for intuitive, powerful solutions to everyday file access and transfer requirements, the market for precisely such capabilities as today’s announcement heralds will continue to grow.
GSB has over a decade and a half of experience bringing businesses and consumers everything from secure FTP servers and managed hosting services endpoint security to workflow automation. For more information on the San Antonio, Texas-based GlobalSCAPE, Inc. please visit the company’s website at: www.GlobalScape.com
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GBS Enterprises, Inc. (GBSX) Provides Shareholder Update, Q3 and Nine Months Financial Results
GBS Enterprises is a 50 percent parent company of GROUP Business Software AG (GBS), a global software and services company specializing in application modernization and cloud automation. GBS Enterprises today provided a shareholder update and financial results for the three and nine months ended Dec. 31, 2011.
Joerg Ott, CEO of GBS Enterprises, said the company grew year-over-year revenue by 53.5 percent during the 2011 third quarter, reflecting revenue generated through its core software and services business. Despite this growth, Ott said the company is focusing on the “much larger” opportunity with its Transformer technology and Cloud Automation capabilities, which he said will position the company for strong growth going forward.
“Transformer is already demonstrating a significant impact helping companies to gain insight into their business applications and enabling them to formulate and execute a strategy to modernize those applications,” Ott stated in the press release. “We have already completed pilot projects with large financial services organizations in New York and are in the process of beginning large engagements with these and other enterprise level customers both in North America and Europe. The demand and need for our technology and application expertise is significant and going forward we anticipate a rapid expansion of our business pipeline.”
The company highlighted several other 2011 business updates, including its acquisition of IDC Global, GroupWare and Pavone AG, and announced third quarter and nine months financial results.
GBS Enterprises reported revenue for the third quarter ended Dec. 31, 2011, at approximately $8.2 million, an increase of 53.5 percent as compared to approximately $5.4 million for the same period the year prior. Revenue for the nine-month period ended Dec. 31, 2011, totaled approximately $21.3 million, an increase of approximately 18.7 percent, as compared to approximately $18 million for the same period the year prior.
Gross profit for the quarter ended Dec. 31, 2011, totaled approximately $3.5 million, a 33.8 percent increase compared to approximately $2.6 million for the same period the year prior. Gross profit margin during the 2011 period was approximately 43 percent as compared to approximately 49.3 percent for the 2010 period. Gross profit for the nine months ended Dec. 31, 2011, totaled approximately $10.5 million, an increase of approximately 13 percent, as compared to approximately $9.3 million for the first nine months of 2010. Gross profit margin for the 2011 nine-month period was approximately 49.1 percent as compared to approximately 51.6 percent the prior year.
The company was cash flow positive from operations through the first nine months of 2011. During the quarter ended Dec. 31, 2011, certain warrant holders exercised their warrants to purchase an aggregate of 2,020,000 shares of common stock for a total purchase price of $3,030,000 before fees.
As of Dec. 31, 2011, GBS Enterprises had approximately $3.5 million in cash and cash equivalents; and total current assets and total assets at approximately $10.2 million and approximately $86.7 million, respectively.
For more information visit www.gbsx.us
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Joerg Ott, CEO of GBS Enterprises, said the company grew year-over-year revenue by 53.5 percent during the 2011 third quarter, reflecting revenue generated through its core software and services business. Despite this growth, Ott said the company is focusing on the “much larger” opportunity with its Transformer technology and Cloud Automation capabilities, which he said will position the company for strong growth going forward.
“Transformer is already demonstrating a significant impact helping companies to gain insight into their business applications and enabling them to formulate and execute a strategy to modernize those applications,” Ott stated in the press release. “We have already completed pilot projects with large financial services organizations in New York and are in the process of beginning large engagements with these and other enterprise level customers both in North America and Europe. The demand and need for our technology and application expertise is significant and going forward we anticipate a rapid expansion of our business pipeline.”
The company highlighted several other 2011 business updates, including its acquisition of IDC Global, GroupWare and Pavone AG, and announced third quarter and nine months financial results.
GBS Enterprises reported revenue for the third quarter ended Dec. 31, 2011, at approximately $8.2 million, an increase of 53.5 percent as compared to approximately $5.4 million for the same period the year prior. Revenue for the nine-month period ended Dec. 31, 2011, totaled approximately $21.3 million, an increase of approximately 18.7 percent, as compared to approximately $18 million for the same period the year prior.
Gross profit for the quarter ended Dec. 31, 2011, totaled approximately $3.5 million, a 33.8 percent increase compared to approximately $2.6 million for the same period the year prior. Gross profit margin during the 2011 period was approximately 43 percent as compared to approximately 49.3 percent for the 2010 period. Gross profit for the nine months ended Dec. 31, 2011, totaled approximately $10.5 million, an increase of approximately 13 percent, as compared to approximately $9.3 million for the first nine months of 2010. Gross profit margin for the 2011 nine-month period was approximately 49.1 percent as compared to approximately 51.6 percent the prior year.
The company was cash flow positive from operations through the first nine months of 2011. During the quarter ended Dec. 31, 2011, certain warrant holders exercised their warrants to purchase an aggregate of 2,020,000 shares of common stock for a total purchase price of $3,030,000 before fees.
As of Dec. 31, 2011, GBS Enterprises had approximately $3.5 million in cash and cash equivalents; and total current assets and total assets at approximately $10.2 million and approximately $86.7 million, respectively.
For more information visit www.gbsx.us
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Advaxis, Inc. (ADXS) Video Chart for Monday, February 27, 2012
ADXS is again trying to make a move off a solid support level at 12.5 cents. Historically, some nice climbs have followed after a strike on the support, but the chart must first push through resistance at 14 cents for any sizable gains.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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Friday, February 24, 2012
TechPrecision Corp. (TPCS) China Subsidiary Receives ISO 9001:2008 Certification
Today, TechPrecision, widely known as a global leader in large-scale, precision component machining/fabrication via its wholly-owned subsidiaries Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., reported that Wuxi obtained ISO 9001:2008-compliant Quality Management System operator status for the fabrication, welding, and machining of precision components/equipment.
CEO of TPCS, James Molinaro, spoke of the meteoric rise of the company’s Wuxi subsidiary, which has become a “first-class global, and now certified, manufacturing operation” in just its first year since inception. Molinaro underscored how obtaining the key ISO certification on the first audit demonstrates that the reputation for excellence established by the company in large scale, precision manufacturing is well deserved.
Molinaro pointed to the China management team and personnel as being fundamental to the success achieved, hailing the dedicated and expedient work carried out by all levels of Wuxi staff as the push for ISO certification was made. This rousing victory perfectly characterizes the way TPCS has striven to exceed customer expectations and the ISO certification will serve as a reflection of the continued emphasis by the company on organic improvement.
A host of thriving global market sectors ranging from cleantech and alternative energy to nuclear, aerospace, defense, commercial maritime and industrial applications demand metal components and systems manufactured to within exacting standards. TPCS has built a reputation delivering critical components and continues driving towards the central goal of becoming a dominant provider of end-to-end, customized, fully integrated “turn-key” solutions in the fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation, and testing spaces.
The ISO 9000 (International Organization for Standardization) family of standards is an internationally recognized benchmarking system used to ensure operator adherence to rule sets defined by accreditation/certification bodies and allows an independent auditing process to certify conformance to formalized business processes. This certification allows for public statement that a company is “ISO 9001 certified/registered” and is a hallmark of reliability that was born in the heart of the manufacturing industry and has now grown to encompass a broad spectrum of organizations to validate standards adherence.
With a massive volume of experience operating in and doing business with various consumers of large-scale, critical components/systems, TPCS guides its subsidiaries through some of the most technically complex and challenging solutions demanded today.
For more information on TechPrecision Corp. please visit www.TechPrecision.com
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CEO of TPCS, James Molinaro, spoke of the meteoric rise of the company’s Wuxi subsidiary, which has become a “first-class global, and now certified, manufacturing operation” in just its first year since inception. Molinaro underscored how obtaining the key ISO certification on the first audit demonstrates that the reputation for excellence established by the company in large scale, precision manufacturing is well deserved.
Molinaro pointed to the China management team and personnel as being fundamental to the success achieved, hailing the dedicated and expedient work carried out by all levels of Wuxi staff as the push for ISO certification was made. This rousing victory perfectly characterizes the way TPCS has striven to exceed customer expectations and the ISO certification will serve as a reflection of the continued emphasis by the company on organic improvement.
A host of thriving global market sectors ranging from cleantech and alternative energy to nuclear, aerospace, defense, commercial maritime and industrial applications demand metal components and systems manufactured to within exacting standards. TPCS has built a reputation delivering critical components and continues driving towards the central goal of becoming a dominant provider of end-to-end, customized, fully integrated “turn-key” solutions in the fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation, and testing spaces.
The ISO 9000 (International Organization for Standardization) family of standards is an internationally recognized benchmarking system used to ensure operator adherence to rule sets defined by accreditation/certification bodies and allows an independent auditing process to certify conformance to formalized business processes. This certification allows for public statement that a company is “ISO 9001 certified/registered” and is a hallmark of reliability that was born in the heart of the manufacturing industry and has now grown to encompass a broad spectrum of organizations to validate standards adherence.
With a massive volume of experience operating in and doing business with various consumers of large-scale, critical components/systems, TPCS guides its subsidiaries through some of the most technically complex and challenging solutions demanded today.
For more information on TechPrecision Corp. please visit www.TechPrecision.com
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Access Pharmaceuticals, Inc. (ACCP) Partner Receives China Regulatory and Marketing Approval for MuGard
Access Pharmaceuticals Inc., a biopharm company focused on the development of treatments in the areas of oncology, diabetes, and RNAi, today announced that its MuGard partner in China, Rhei Pharmaceuticals HK Ltd., has received regulatory approval from the State Food and Drug Administration (SFDA) to market MuGard in China.
China’s regulatory agency approved MuGard to treat cancer patients afflicted with oral mucositis a debilitating side effect of many anticancer treatments. The approval provides Access the opportunity to tap into an expansive market with a largely unmet medical need. Access will soon begin manufacturing MuGard in the United States to meet demand created by Jian An Ltd., Rhei’s sales and marketing partner in China.
“Receiving final marketing approval from the SFDA of China is a transformative milestone for our global MuGard program. China represents a key target market with its large and increasingly affluent population and its desire for improved oncology care,” Jeffrey B. Davis, president and CEO of Access stated in the press release. “With the approval process now complete, we look forward to moving as quickly as we can to complete manufacturing so Rhei and Jian An can launch MuGard through their well-established sales and marketing infrastructure in China.”
“China is one of the fastest growing oncology markets and cancer supportive care has been improving throughout recent years,” said Sven De Backer, CEO of Rhei. “Rhei and Jian An are proud to bring MuGard to patients and physicians as we believe it is a critical and valuable product that addresses a significant unmet need for a large and growing patient population.”
Access and Rhei last year signed a supply agreement for MuGard, which ensured manufacturing capacity of up to a minimum of $30 million of product in the licensed territories. Access also approved a sub-license agreement between Rhei and Jian designed to leverage Jian An’s sales, marketing, and regulatory infrastructure for the launch of MuGard in China and Taiwan.
For more information visit www.accesspharma.com
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China’s regulatory agency approved MuGard to treat cancer patients afflicted with oral mucositis a debilitating side effect of many anticancer treatments. The approval provides Access the opportunity to tap into an expansive market with a largely unmet medical need. Access will soon begin manufacturing MuGard in the United States to meet demand created by Jian An Ltd., Rhei’s sales and marketing partner in China.
“Receiving final marketing approval from the SFDA of China is a transformative milestone for our global MuGard program. China represents a key target market with its large and increasingly affluent population and its desire for improved oncology care,” Jeffrey B. Davis, president and CEO of Access stated in the press release. “With the approval process now complete, we look forward to moving as quickly as we can to complete manufacturing so Rhei and Jian An can launch MuGard through their well-established sales and marketing infrastructure in China.”
“China is one of the fastest growing oncology markets and cancer supportive care has been improving throughout recent years,” said Sven De Backer, CEO of Rhei. “Rhei and Jian An are proud to bring MuGard to patients and physicians as we believe it is a critical and valuable product that addresses a significant unmet need for a large and growing patient population.”
Access and Rhei last year signed a supply agreement for MuGard, which ensured manufacturing capacity of up to a minimum of $30 million of product in the licensed territories. Access also approved a sub-license agreement between Rhei and Jian designed to leverage Jian An’s sales, marketing, and regulatory infrastructure for the launch of MuGard in China and Taiwan.
For more information visit www.accesspharma.com
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NUWAVE Health, Inc. (SNWV) Inks Exclusive Distribution Agreement to Enter Canadian Market
SANUWAVE Health, an emerging regenerative medicine company, today announced it has signed a two-year exclusive distribution agreement with CAN-med Healthcare of Canada, in which CAN-med will distribute SANUWAVE’s Pulsed Acoustic Cellular Expression (PACE®) technology for acute and chronic wound healing.
CAN-med distributes a wide range of medical offerings, including wound care and trauma products complementary of SANUWAVE’s dermaPACE.
“CAN-med Healthcare is a welcome addition to our growing distribution network for PACE technology, and they have the distinct honor of being the first PACE distributor in North America,” Christopher M. Cashman, president and CEO of SANUWAVE, stated in the press release. “dermaPACE is approved in Canada to treat a wide range of acute and chronic wounds. CAN-med Healthcare’s initial focus will be on the treatment of diabetic foot ulcers, leveraging positive data from our recently completed pivotal clinical trial investigating dermaPACE to treat these debilitating and costly ulcers.
“This collaboration is exciting news for both organizations, and we are equally committed to the hard work ahead of us to reach our ultimate goal of establishing dermaPACE as a first-line wound healing technology with established reimbursement throughout Canada.”
Stephen McDonald, CAN-med’s vice president and general manager, noted the beneficial impact the agreement has on his company and the Canadian healthcare market.
“dermaPACE technology is a great fit for us, as it builds upon our legacy of bringing new, leading edge products to the Canadian market. As a company, we’re always looking for exclusive partnerships that involve innovative, clinically validated and differentiated technology that can improve patient outcomes and overall delivery of care. We believe we’ve met these objectives with SANUWAVE,” McDonald stated.
Jim Ritcey, director of sales and marketing for CAN-med, echoed McDonald’s sentiment.
“It is the mandate of every health department in Canada to improve care to all Canadians, while staying within the confines of increasingly tighter budgets,” Ritcey stated. “We believe that dermaPACE, with its proven safety and efficacy, combined with its potential to reduce costs associated with chronic wound care, could truly be a ‘game changer’ in the battle against chronic wounds.”
For more information visit www.sanuwave.com
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CAN-med distributes a wide range of medical offerings, including wound care and trauma products complementary of SANUWAVE’s dermaPACE.
“CAN-med Healthcare is a welcome addition to our growing distribution network for PACE technology, and they have the distinct honor of being the first PACE distributor in North America,” Christopher M. Cashman, president and CEO of SANUWAVE, stated in the press release. “dermaPACE is approved in Canada to treat a wide range of acute and chronic wounds. CAN-med Healthcare’s initial focus will be on the treatment of diabetic foot ulcers, leveraging positive data from our recently completed pivotal clinical trial investigating dermaPACE to treat these debilitating and costly ulcers.
“This collaboration is exciting news for both organizations, and we are equally committed to the hard work ahead of us to reach our ultimate goal of establishing dermaPACE as a first-line wound healing technology with established reimbursement throughout Canada.”
Stephen McDonald, CAN-med’s vice president and general manager, noted the beneficial impact the agreement has on his company and the Canadian healthcare market.
“dermaPACE technology is a great fit for us, as it builds upon our legacy of bringing new, leading edge products to the Canadian market. As a company, we’re always looking for exclusive partnerships that involve innovative, clinically validated and differentiated technology that can improve patient outcomes and overall delivery of care. We believe we’ve met these objectives with SANUWAVE,” McDonald stated.
Jim Ritcey, director of sales and marketing for CAN-med, echoed McDonald’s sentiment.
“It is the mandate of every health department in Canada to improve care to all Canadians, while staying within the confines of increasingly tighter budgets,” Ritcey stated. “We believe that dermaPACE, with its proven safety and efficacy, combined with its potential to reduce costs associated with chronic wound care, could truly be a ‘game changer’ in the battle against chronic wounds.”
For more information visit www.sanuwave.com
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ULURU, Inc. (ULU) to Market Altrazeal in Australia
Located in Addison, Texas, ULURU is a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products through the utilization of its NanoFlex Aggregate technology and OraDisc transmucosal delivery system. Yesterday, ULURU took a major step towards prominence with the announcement they have received approval from the Australian Register of Therapeutic Goods Certificate to market Altrazeal in Australia.
ULURU President and CEO Kerry P. Gray stated, “This is another important milestone in the worldwide commercialization of Altrazeal®. Strategically this is an important market as the world’s largest wound research program is currently being conducted at the Wound Management Innovation Cooperation Research Centre in Australia. This centre’s focus is the development of clinically and cost effective treatment regimens for the management of chronic wounds. Gaining the support of this influential group could have significant global implications for the marketing of Altrazeal®. It is anticipated that the initial Altrazeal® orders for Australia will occur in the next thirty days. Also, marketing approval in New Zealand is anticipated to occur in the next thirty days.”
Gray further added, “The Australian state government’s strategic initiatives in wound care are focused on cost effective clinical endpoints and patient health and wellbeing. The pharmaco-economic benefits offered by Altrazeal could enable rapid market penetration in the Australian market.”
The timing of this approval is beneficial as a major Australian wound care meeting, the Australian Wound Management Association Conference, will be held in Sydney, Australia, on March 18-21, 2012. It is anticipated that over 1,000 delegates from Australia and New Zealand will be attending this conference. The conference will enable pre-marketing launch activities to be conducted and provide maximum exposure for Altrazeal to some of the most important wound treatment healthcare professionals from both countries.
Currently, ULURU is trading in the $0.52 range. To learn more about this press release or the company as a whole, visit their corporate website at www.uluruinc.com
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ULURU President and CEO Kerry P. Gray stated, “This is another important milestone in the worldwide commercialization of Altrazeal®. Strategically this is an important market as the world’s largest wound research program is currently being conducted at the Wound Management Innovation Cooperation Research Centre in Australia. This centre’s focus is the development of clinically and cost effective treatment regimens for the management of chronic wounds. Gaining the support of this influential group could have significant global implications for the marketing of Altrazeal®. It is anticipated that the initial Altrazeal® orders for Australia will occur in the next thirty days. Also, marketing approval in New Zealand is anticipated to occur in the next thirty days.”
Gray further added, “The Australian state government’s strategic initiatives in wound care are focused on cost effective clinical endpoints and patient health and wellbeing. The pharmaco-economic benefits offered by Altrazeal could enable rapid market penetration in the Australian market.”
The timing of this approval is beneficial as a major Australian wound care meeting, the Australian Wound Management Association Conference, will be held in Sydney, Australia, on March 18-21, 2012. It is anticipated that over 1,000 delegates from Australia and New Zealand will be attending this conference. The conference will enable pre-marketing launch activities to be conducted and provide maximum exposure for Altrazeal to some of the most important wound treatment healthcare professionals from both countries.
Currently, ULURU is trading in the $0.52 range. To learn more about this press release or the company as a whole, visit their corporate website at www.uluruinc.com
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Great Basin Gold, Ltd. (GBG) Video Chart for Friday, February 24, 2012
A bottom pattern has formed for GBG with support at 88 cents. Volume increased significantly on Thursday, which should have technical traders on alert for a potential push and increased buying pressure.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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First Titan Corp. (FTTN) CEO to Meet with Intrepid Drilling Regarding Partnership
First Titan Corp. CEO, Robert Federowicz, will be meeting with executives from Intrepid Drilling, LLC to review preparations for spudding the partnership’s new oil and gas well at the South Lake Charles Prospect in Calcasieu, La. The meetings are scheduled to take place this week.
At the meeting, Intrepid Drilling will go over drilling plans with Federowicz, including final details. Intrepid Manager William E. Simmons will be on hand to present the project timeline to Federowicz. The company signed an agreement last month that places Intrepid Drilling in charge of drilling and operating the new well. The well’s spud date is currently set for March 1.
An emerging energy company, First Titan will rely heavily on its partner’s drilling and production experience to help make the South Lake Charles Prospect a success. Plans call for the company to drill to a total depth of 15,300 ft. at the project location. The project’s total maximum potential for all categories exceeds 60 billion cubic feet of gas and four million barrels of oil.
For more information on FTTN’s drilling initiative, please visit the company’s website at www.firsttitanenergy.com
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At the meeting, Intrepid Drilling will go over drilling plans with Federowicz, including final details. Intrepid Manager William E. Simmons will be on hand to present the project timeline to Federowicz. The company signed an agreement last month that places Intrepid Drilling in charge of drilling and operating the new well. The well’s spud date is currently set for March 1.
An emerging energy company, First Titan will rely heavily on its partner’s drilling and production experience to help make the South Lake Charles Prospect a success. Plans call for the company to drill to a total depth of 15,300 ft. at the project location. The project’s total maximum potential for all categories exceeds 60 billion cubic feet of gas and four million barrels of oil.
For more information on FTTN’s drilling initiative, please visit the company’s website at www.firsttitanenergy.com
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Thursday, February 23, 2012
Tosca Mining Corp. (TSMNF) is “One to Watch”
Tosca Mining’s goal is to acquire advanced stage projects that can be placed into production quickly. The Company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. The 2,880-acre project lies along a seven-kilometer mineral district characterized by significant occurrences of precious and base metals. This includes the Shafter-Presidio silver deposit owned by Aurcana. Tosca Mining is based in Vancouver, British Columbia.
A program to confirm and expand the considerable size and potential of the Red Hills Molybdenum/Copper project is presently underway. The Red Hills advanced stage project is 18 kilometers north and west of the Texas-Mexico border town of Presidio, which is served by U.S. highway 67 and the South Orient Railroad.
An agreement allows Tosca Mining to purchase 100 percent ownership of all mineral and surface rights for the Red Hills mineral property. It involves cash payments to the Vendors, Red Hills Copper Corp., a private Texas Corporation, for $10,900,000 US and the issuance of 2.1 million common shares over a five-year period, while earning an equity interest. The first commitment is $575,000 and 400,000 shares until May 1, 2012. The Vendors will retain a 2 percent net smelter return over the Red Hills property.
In 2012, Tosca Mining will continue to develop Red Hills by investigating the economic feasibility of molybdenum/copper extraction and recovery on a large scale. This study will be incorporated in a Preliminary Economic Assessment (PEA) now undergoing preparation by M3 Engineering in Tucson, Arizona. Tosca Mining is making plans for a drill program to upgrade the resources and to drill test the potential southern extension of the deposit.
Yesterday, Tosca Mining announced the completion by Mine Development Associates (MDA) of Reno, Nevada, of the first publically reported, NI 43-101 compliant mineral resource estimate for the Red Hills Deposit. In addition, the MDA report summarizes the results of a metallurgical study completed by METCON Research in Tucson, Arizona.
The mineralization of interest at Red Hills occurs within a porphyry molybdenum deposit and near surface copper enrichment zone, which covers an area approximately 4,000 ft. (1220 m) by 3,000 ft. (915 m). The porphyry molybdenum mineralization has a depth-extent of over 2,000 ft. (610 m). However, the mineralization is not well defined past a depth of 1,000 ft. (305 m). Both copper and molybdenum mineralization are open to the south under post-mineralization cover.
Sadek El-Alfy, PhD, CEO, commented, “The results from the 2011 diamond drill campaign confirmed that Red Hills is a large porphyry deposit with commercially attractive grades of both molybdenum and copper. Metallurgical studies have shown that recoveries of this molybdenum/copper resource are encouraging and straightforward.”
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A program to confirm and expand the considerable size and potential of the Red Hills Molybdenum/Copper project is presently underway. The Red Hills advanced stage project is 18 kilometers north and west of the Texas-Mexico border town of Presidio, which is served by U.S. highway 67 and the South Orient Railroad.
An agreement allows Tosca Mining to purchase 100 percent ownership of all mineral and surface rights for the Red Hills mineral property. It involves cash payments to the Vendors, Red Hills Copper Corp., a private Texas Corporation, for $10,900,000 US and the issuance of 2.1 million common shares over a five-year period, while earning an equity interest. The first commitment is $575,000 and 400,000 shares until May 1, 2012. The Vendors will retain a 2 percent net smelter return over the Red Hills property.
In 2012, Tosca Mining will continue to develop Red Hills by investigating the economic feasibility of molybdenum/copper extraction and recovery on a large scale. This study will be incorporated in a Preliminary Economic Assessment (PEA) now undergoing preparation by M3 Engineering in Tucson, Arizona. Tosca Mining is making plans for a drill program to upgrade the resources and to drill test the potential southern extension of the deposit.
Yesterday, Tosca Mining announced the completion by Mine Development Associates (MDA) of Reno, Nevada, of the first publically reported, NI 43-101 compliant mineral resource estimate for the Red Hills Deposit. In addition, the MDA report summarizes the results of a metallurgical study completed by METCON Research in Tucson, Arizona.
The mineralization of interest at Red Hills occurs within a porphyry molybdenum deposit and near surface copper enrichment zone, which covers an area approximately 4,000 ft. (1220 m) by 3,000 ft. (915 m). The porphyry molybdenum mineralization has a depth-extent of over 2,000 ft. (610 m). However, the mineralization is not well defined past a depth of 1,000 ft. (305 m). Both copper and molybdenum mineralization are open to the south under post-mineralization cover.
Sadek El-Alfy, PhD, CEO, commented, “The results from the 2011 diamond drill campaign confirmed that Red Hills is a large porphyry deposit with commercially attractive grades of both molybdenum and copper. Metallurgical studies have shown that recoveries of this molybdenum/copper resource are encouraging and straightforward.”
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Consorteum Holdings, Inc. (CSRH) Continues Mobile Publishing Move
In January, when Consorteum Holdings, together with its wholly owned subsidiary, Tarsin, Inc., announced the launch of the CAPSA mobile wagering compliance platform, it was the latest move in Consorteum’s transition to mobile publishing. Consorteum is growing itself as a mobile publishing company, focused on mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. Consorteum earlier acquired Tarsin, Inc., a mobile platform technology company based in Lake Tahoe, Nevada, which will become Consorteum’s new headquarters.
Consorteum’s COO, Patrick Shuster, described the important role of Tarsin in Consorteum’s developing strategy: “The acquisition of Tarsin is the first step to moving our Company into Mobile Publishing. Tarsin has spent the past nine years as a premier mobile publisher, building a team of software developers that understands the issues and complexities of delivering digital media content across mobile handsets. Tarsin brings with it integration and support for over 700 mobile carriers globally and has experience with delivering mobile applications as the mobile publisher of Dilbert, Hallmark, Mattel, to the mobile applications market on a seamless and secure platform. In essence, Tarsin will allow the Company to take advantage of the increasing demand for delivery of rich mobile content to the end user, which complements and extends Consorteum’s capabilities and positions us to compete in world markets.”
CAPSA has a proven capability of bringing a universal solution to the problems of wagering and betting in the fractured world of mobile, where multiple different operating systems, user interfaces, and form factors create enormous barriers to launching commercial propositions. As result of half-a-million man hours in engineering, CAPSA represents a single solid repository for content management and delivery of mobile betting, wagering, and sports book offerings.
For more information about the company, please visit: www.consorteum.com, www.tarsin.com, and www.mediaexchangegroup.com.
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Consorteum’s COO, Patrick Shuster, described the important role of Tarsin in Consorteum’s developing strategy: “The acquisition of Tarsin is the first step to moving our Company into Mobile Publishing. Tarsin has spent the past nine years as a premier mobile publisher, building a team of software developers that understands the issues and complexities of delivering digital media content across mobile handsets. Tarsin brings with it integration and support for over 700 mobile carriers globally and has experience with delivering mobile applications as the mobile publisher of Dilbert, Hallmark, Mattel, to the mobile applications market on a seamless and secure platform. In essence, Tarsin will allow the Company to take advantage of the increasing demand for delivery of rich mobile content to the end user, which complements and extends Consorteum’s capabilities and positions us to compete in world markets.”
CAPSA has a proven capability of bringing a universal solution to the problems of wagering and betting in the fractured world of mobile, where multiple different operating systems, user interfaces, and form factors create enormous barriers to launching commercial propositions. As result of half-a-million man hours in engineering, CAPSA represents a single solid repository for content management and delivery of mobile betting, wagering, and sports book offerings.
For more information about the company, please visit: www.consorteum.com, www.tarsin.com, and www.mediaexchangegroup.com.
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Oragenics, Inc. (ORNI) Clinical Trial Demonstrates Dental Health Benefits of EvorKids® in Cavity-prone Children
Oragenics, a nutraceutical company focused on oral care probiotics for humans and companion pets, today announced the completion of an independently conducted clinical trial for EvorKids®, the company’s branded product designed to support oral health in children ages 3 to 11.
The randomized, double-blind study enrolled 60 six- to 12-year old children prone to tooth decay/cavity (caries). The study evaluated baseline levels of key oral bacterial species mutans Streptococci and Lactobacilli, which are recognized as risk factors to the development of caries. After four weeks of treatment of EvorKids®, Oragenis reports that results show a statistically significant decrease from baseline of the levels with no adverse events reported during the trial.
Mark Cannon, DDS, the lead author of this independent study, is a faculty member at Northwestern University, an attending physician at Children’s Memorial Hospital, Chicago, and a diplomate of the American Board of Pediatric Dentistry. Dr. Cannon said the clinical study demonstrates that caries-prone children may benefit from the use of probiotics as part of a daily dental hygiene regimen.
John N. Bonfiglio, Ph.D., CEO of Oragenics, noted the results impact on the company itself.
“Oragenics is encouraged by the results of this first independent study in children employing the company’s proprietary blend of oral care probiotics,” Dr. Bonfiglio stated in the press release. “These data agree with previous results obtained from animal and adult human studies conducted by both Oragenics and independent investigators such as Dr. Cannon, and reinforce the claim that the active ingredient in EvoraKids, ProBiora3®, promotes oral health by helping to maintain a naturally balanced oral microflora.”
Oragenics said the trial details and results will be presented on March 21, 2012, at the American Association for Dental Research (AADR) Annual Meeting in Tampa, Fla. The study is titled “DNA-PCR and CRT Results in Children after Probiotic Use,” as part of an entire scientific session of clinical studies related to dental cariology.
For more information visit www.iadr.org
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The randomized, double-blind study enrolled 60 six- to 12-year old children prone to tooth decay/cavity (caries). The study evaluated baseline levels of key oral bacterial species mutans Streptococci and Lactobacilli, which are recognized as risk factors to the development of caries. After four weeks of treatment of EvorKids®, Oragenis reports that results show a statistically significant decrease from baseline of the levels with no adverse events reported during the trial.
Mark Cannon, DDS, the lead author of this independent study, is a faculty member at Northwestern University, an attending physician at Children’s Memorial Hospital, Chicago, and a diplomate of the American Board of Pediatric Dentistry. Dr. Cannon said the clinical study demonstrates that caries-prone children may benefit from the use of probiotics as part of a daily dental hygiene regimen.
John N. Bonfiglio, Ph.D., CEO of Oragenics, noted the results impact on the company itself.
“Oragenics is encouraged by the results of this first independent study in children employing the company’s proprietary blend of oral care probiotics,” Dr. Bonfiglio stated in the press release. “These data agree with previous results obtained from animal and adult human studies conducted by both Oragenics and independent investigators such as Dr. Cannon, and reinforce the claim that the active ingredient in EvoraKids, ProBiora3®, promotes oral health by helping to maintain a naturally balanced oral microflora.”
Oragenics said the trial details and results will be presented on March 21, 2012, at the American Association for Dental Research (AADR) Annual Meeting in Tampa, Fla. The study is titled “DNA-PCR and CRT Results in Children after Probiotic Use,” as part of an entire scientific session of clinical studies related to dental cariology.
For more information visit www.iadr.org
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SecureAlert, Inc. (SCRA) Reports Record Monitoring Revenues for Fiscal Q1
SecureAlert Inc., an international provider of offender monitoring and electronic tracking solutions used by law enforcement agencies worldwide, today announced record monitoring revenue results for the first fiscal quarter.
“Monitoring revenues continue to show strength at record levels, which are a key indicator of the overall health and progress of SecureAlert,” John L. Hastings, III, CEO of SecureAlert stated in the press release. “Importantly, we are evermore committed to achieving sustainable profitability, while leveraging our core competencies in the rapidly expanding global markets.”
For the first fiscal quarter ended Dec. 31, 2011, SecureAlert reported revenues of $5.5 million, a 51 percent increase compared to revenues of $3.6 million reported for the comparable three months of 2010.
Of these revenues, $4.2 million and $3.4 million were derived from monitoring services for the three months ended Dec. 31, 2011, and 2010, respectively, representing a 25 percent increase.
Fiscal first quarter 2011 product revenues increased 393 percent to $1.2 million compared to $256,614 reported for the three months ended Dec. 31, 2010.
Gross profit margins for the three months ended Dec. 31, 2011, and 2010 remained flat at 49 percent of revenues for both reported periods.
SecureAlert reported a net loss of $1.6 million, a 22 percent increase compared to $2.0 million for the three months ended Dec. 31, 2010.
For more information visit www.securealert.com
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“Monitoring revenues continue to show strength at record levels, which are a key indicator of the overall health and progress of SecureAlert,” John L. Hastings, III, CEO of SecureAlert stated in the press release. “Importantly, we are evermore committed to achieving sustainable profitability, while leveraging our core competencies in the rapidly expanding global markets.”
For the first fiscal quarter ended Dec. 31, 2011, SecureAlert reported revenues of $5.5 million, a 51 percent increase compared to revenues of $3.6 million reported for the comparable three months of 2010.
Of these revenues, $4.2 million and $3.4 million were derived from monitoring services for the three months ended Dec. 31, 2011, and 2010, respectively, representing a 25 percent increase.
Fiscal first quarter 2011 product revenues increased 393 percent to $1.2 million compared to $256,614 reported for the three months ended Dec. 31, 2010.
Gross profit margins for the three months ended Dec. 31, 2011, and 2010 remained flat at 49 percent of revenues for both reported periods.
SecureAlert reported a net loss of $1.6 million, a 22 percent increase compared to $2.0 million for the three months ended Dec. 31, 2010.
For more information visit www.securealert.com
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Vringo, Inc. (VRNG) Receives Notice of Allowance from EPO for Its First International Patent
Vringo, a software platform provider for social and video mobile applications, announced today that the European Patent Office (EPO) has sent a notice of allowance to the company for its first international patent covering aspects of Vringo’s video and mobile personalization technologies. The company anticipates that this patent will further protect Vringo’s video ringtone intellectual property and other applications for personalizing customers’ mobile experience.
The company’s notice of allowance from the EPO relates to the expansion of “Personalization Content Sharing System and Method,” which is patent number 8,041,401 issued by the United States Patent and Trademark Office. When granted by the EPO, this patent will have potential jurisdiction in approximately 39 countries in the EU. Vringo anticipates the patent will provide the company with a competitive edge as it continues to increase its core mobile video technology worldwide.
About six years ago, before most of the world was aware of the huge market potential of mobile applications, Vringo had already developed its core intellectual property and began filing initial patent applications. Since the company was founded, Vringo has filed more than 20 patent applications in the United States and worldwide.
Vringo’s three patents previously issued in the U.S. cover the core features of the company’s video ringtone sharing capabilities, as well as the personalization of standard compiled and signed software application downloads. Vringo anticipates that the EPO will issue this latest patent within the next six months, after which time the patent won’t expire before January 2027.
Vringo’s award-winning ringtone application and other mobile software platforms – including Facetones, Video Remix, and Fan Loyalty – turn the act of making and receiving mobile phone calls into a social experience that is also highly visual. The company’s video ringtone service allows users to create or take video, images, and slideshows from essentially anywhere and transform them into a personalized video call signature. Vringo has introduced its patented VringForward technology – a first for the mobile industry – which enables users to share video clips with others through a simple call. The company’s Facetones application generates an automated video slideshow using photos from friends’ social media Web sites, and this slideshow is played each time the user communicates with a friend through a mobile device.
Vringo’s Video ReMix application partners with music artists and brands, allowing users to create their own music videos by simply tapping on a smartphone or tablet. Finally, the company’s Fan Loyalty platform allows users to interact, vote, and communicate with contestants on reality TV shows that the company has partnered with, as well as downloading clips from these shows and setting them as video ringtones.
For further information about the company, visit www.vringo.com
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The company’s notice of allowance from the EPO relates to the expansion of “Personalization Content Sharing System and Method,” which is patent number 8,041,401 issued by the United States Patent and Trademark Office. When granted by the EPO, this patent will have potential jurisdiction in approximately 39 countries in the EU. Vringo anticipates the patent will provide the company with a competitive edge as it continues to increase its core mobile video technology worldwide.
About six years ago, before most of the world was aware of the huge market potential of mobile applications, Vringo had already developed its core intellectual property and began filing initial patent applications. Since the company was founded, Vringo has filed more than 20 patent applications in the United States and worldwide.
Vringo’s three patents previously issued in the U.S. cover the core features of the company’s video ringtone sharing capabilities, as well as the personalization of standard compiled and signed software application downloads. Vringo anticipates that the EPO will issue this latest patent within the next six months, after which time the patent won’t expire before January 2027.
Vringo’s award-winning ringtone application and other mobile software platforms – including Facetones, Video Remix, and Fan Loyalty – turn the act of making and receiving mobile phone calls into a social experience that is also highly visual. The company’s video ringtone service allows users to create or take video, images, and slideshows from essentially anywhere and transform them into a personalized video call signature. Vringo has introduced its patented VringForward technology – a first for the mobile industry – which enables users to share video clips with others through a simple call. The company’s Facetones application generates an automated video slideshow using photos from friends’ social media Web sites, and this slideshow is played each time the user communicates with a friend through a mobile device.
Vringo’s Video ReMix application partners with music artists and brands, allowing users to create their own music videos by simply tapping on a smartphone or tablet. Finally, the company’s Fan Loyalty platform allows users to interact, vote, and communicate with contestants on reality TV shows that the company has partnered with, as well as downloading clips from these shows and setting them as video ringtones.
For further information about the company, visit www.vringo.com
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Wednesday, February 22, 2012
VHGI Holdings, Inc. (VHGI) Secures $13,000,000 Debt Financing in Connection with Acquisition of Lily Group
Located in Ft. Worth, Texas, VHGI Holdings is a diverse company focused on opportunities within the healthcare technology industry and other endeavors. VHGI Coal, a subsidiary of VHGI Holdings, is a rising star in the coal mining industry. Today, the young company took a major step towards prominence with the announcement they have completed the acquisition of Lily Group Inc. and cored $13,000,000 debt financing.
Leading the way at VGHI Holdings is Doug Martin whom serves as the company’s CEO. In reference to this press release, Martin stated, “This is an important step in the development of our business plan. Our initial goal was to complete this transaction in our Q1 of 2012, which we have accomplished. Our next goal is to close additional debt financings for Lily Group in order to pay-off certain indebtedness, exploit current mining operations and possibly acquire other coal mining opportunities.”
Lily Group President Rick Risinger added, “This is exactly why we chose Mr. Martin and VHGI Coal to be our partners. They have the financial expertise and wherewithal to bring what we needed to develop our mine. We look forward to exploiting our opportunities at the Landree Mine, as well as other coal mining opportunities.”
Currently, VHGI Holdings in trading in the $0.70 range. To learn more about this story or the company as a whole, visit their corporate website at www.vhgiholdings.com
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Leading the way at VGHI Holdings is Doug Martin whom serves as the company’s CEO. In reference to this press release, Martin stated, “This is an important step in the development of our business plan. Our initial goal was to complete this transaction in our Q1 of 2012, which we have accomplished. Our next goal is to close additional debt financings for Lily Group in order to pay-off certain indebtedness, exploit current mining operations and possibly acquire other coal mining opportunities.”
Lily Group President Rick Risinger added, “This is exactly why we chose Mr. Martin and VHGI Coal to be our partners. They have the financial expertise and wherewithal to bring what we needed to develop our mine. We look forward to exploiting our opportunities at the Landree Mine, as well as other coal mining opportunities.”
Currently, VHGI Holdings in trading in the $0.70 range. To learn more about this story or the company as a whole, visit their corporate website at www.vhgiholdings.com
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Stay Informed with the QualityStocks Blog!
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
One of our most popular ways, the QualityStocks Blog, keeps investors up to date on everything related to the Small-Cap and Micro-Cap markets. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis. By visiting our blog, investors discover emerging companies that they otherwise would not have heard about.
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One of our most popular ways, the QualityStocks Blog, keeps investors up to date on everything related to the Small-Cap and Micro-Cap markets. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis. By visiting our blog, investors discover emerging companies that they otherwise would not have heard about.
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Inovio Pharmaceuticals (INO) Reports Success in Skin Electroporation Technology Animal Studies
Inovio Pharmaceuticals Inc., engaged in the development of vaccines for the treatment of cancers and infectious diseases, today announced that its next-generation surface skin electroporation technology was successfully used to significantly enhance the delivery of small interfering RNA (siRNA) molecules to skin in animal studies. While the company has several ongoing human trials demonstrating the efficacy of its electroporation technology, this study marks the first time that this technology has been applied to the delivery of siRNA molecules.
Both preclinical and clinical studies have demonstrated electroporation as an effective physical delivery method with the capability to improve the expression and immunogenicity of DNA vaccines by up to 100-fold.
Inovio said the positive outcome of this study emphasizes the “far-reaching therapeutic potential” for the company’s electroporation technology.
“Perhaps the biggest hurdle in realizing the full potential of RNA-based therapies is the lack of proper and efficient delivery of siRNA molecules. This study supports the idea that Inovio’s proprietary electroporation technology can successfully deliver breakthrough RNA therapies with the same efficacy and safety in which we deliver DNA therapies,” Dr. J. Joseph Kim, president and CEO of Inovio, stated in the press release. “Most important, our delivery platform could pave the way for the development of targeted RNA-based therapies for diseases and conditions that are now considered untreatable.”
Inovio noted that in recent studies, siRNAs have demonstrated potential as novel therapeutics due to their ability to induce robust, sequence specific gene silencing in cells. The method of utilizing siRNA to induce RNA interference (RNAi) has potential as a therapeutic approach to treat many currently untreatable disorders, such as some cancers and many viral and genetic diseases.
Data from today’s announced study was published in the journal Molecular Therapy – Nucleic Acids in a paper titled, “Optimized in vivo transfer of small interfering RNA targeting dermal tissue using in vivo surface electroporation.”
For more information visit www.inovio.com
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Both preclinical and clinical studies have demonstrated electroporation as an effective physical delivery method with the capability to improve the expression and immunogenicity of DNA vaccines by up to 100-fold.
Inovio said the positive outcome of this study emphasizes the “far-reaching therapeutic potential” for the company’s electroporation technology.
“Perhaps the biggest hurdle in realizing the full potential of RNA-based therapies is the lack of proper and efficient delivery of siRNA molecules. This study supports the idea that Inovio’s proprietary electroporation technology can successfully deliver breakthrough RNA therapies with the same efficacy and safety in which we deliver DNA therapies,” Dr. J. Joseph Kim, president and CEO of Inovio, stated in the press release. “Most important, our delivery platform could pave the way for the development of targeted RNA-based therapies for diseases and conditions that are now considered untreatable.”
Inovio noted that in recent studies, siRNAs have demonstrated potential as novel therapeutics due to their ability to induce robust, sequence specific gene silencing in cells. The method of utilizing siRNA to induce RNA interference (RNAi) has potential as a therapeutic approach to treat many currently untreatable disorders, such as some cancers and many viral and genetic diseases.
Data from today’s announced study was published in the journal Molecular Therapy – Nucleic Acids in a paper titled, “Optimized in vivo transfer of small interfering RNA targeting dermal tissue using in vivo surface electroporation.”
For more information visit www.inovio.com
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InVivo (NVIV) Announces Addition of Brian Hess, Award-winning and Seasoned Product Development Specialist
InVivo Therapeutics Holdings Corp., focused on polymer technology to develop treatments to improve function in individuals with spinal cord injury, today announced former Stryker biomaterials product development specialist Brian Hess as its director of product development.
In the role of director, Hess is responsible for the management, development, and maintenance of InVivo’s pipeline and portfolio of products. Hess will head the effort to transition InVivo technologies from research and development through clinical trials and into production manufacturing by developing specifications, protocols, and reports.
Hess’ most previous role was his eight-year tenure with Stryker, where he developed biomaterial technologies for the orthopedic market. He has led multiple product development teams through the FDA process, and was instrumental in developing HydroSetTM, an injectable calcium phosphate based bone substitute, from concept to product launch. HydroSet has become the market-leading bone scaffold, and in recognition of his success, Stryker awarded Hess and his team with “Best Technology” and “Best Team Synergy.”
Hess’ resume also includes the achievement of being named “Co-Innovator of the Year” in 2010 at Stryker for his work on a novel bone adhesive technology. Hess and his team spent the past three years demonstrating the technology’s feasibility and safety, growing his team to more than 25 engineers and scientists.
“We believe Brian’s past successes in the medical device industry will lead the commercialization of the three products we intend to have under review at FDA this year, as well as help to bring our portfolio of products for other neurological conditions successfully to the market in the coming years,” InVivo CEO Frank Reynolds stated in the press release.
For more information visit www.invivotherapeutics.com
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In the role of director, Hess is responsible for the management, development, and maintenance of InVivo’s pipeline and portfolio of products. Hess will head the effort to transition InVivo technologies from research and development through clinical trials and into production manufacturing by developing specifications, protocols, and reports.
Hess’ most previous role was his eight-year tenure with Stryker, where he developed biomaterial technologies for the orthopedic market. He has led multiple product development teams through the FDA process, and was instrumental in developing HydroSetTM, an injectable calcium phosphate based bone substitute, from concept to product launch. HydroSet has become the market-leading bone scaffold, and in recognition of his success, Stryker awarded Hess and his team with “Best Technology” and “Best Team Synergy.”
Hess’ resume also includes the achievement of being named “Co-Innovator of the Year” in 2010 at Stryker for his work on a novel bone adhesive technology. Hess and his team spent the past three years demonstrating the technology’s feasibility and safety, growing his team to more than 25 engineers and scientists.
“We believe Brian’s past successes in the medical device industry will lead the commercialization of the three products we intend to have under review at FDA this year, as well as help to bring our portfolio of products for other neurological conditions successfully to the market in the coming years,” InVivo CEO Frank Reynolds stated in the press release.
For more information visit www.invivotherapeutics.com
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North Springs Resources Corp. (NSRS) Signs Agreement to Buy Mexican Precious Metals Properties
North Springs Resources Corp. is an exploration company focused on discovering and developing precious metal properties in Nevada, Arizona, and Mexico. The company continues to look for opportunities to add to its asset property base by acquiring additional leases or entering into joint ventures and partnerships that will add to shareholder value.
The company announced today that it has signed a definitive agreement with Hyperion Management Mining to acquire a 10% interest in an option on various gold and silver producing properties in Chihuahua, Mexico. In total the various properties have an inferred reserve estimate of 730,000 ounces of gold and 94 million ounces of silver.
Previously, this deal was also to include a 10% interest in a new milling facility to be built in the area. Both parties remain committed to this goal, but for now, will revisit the building of a milling facility at a later date. The company and its partners have also agreed to terminate the agreements for North Spring to acquire properties in Guyana due to local laws and regulations delaying plans for development of the properties.
Although a definitive agreement has been signed, closing of the deal is still subject to further due diligence, including an additional company-initiated review conducted by an independent, qualified, and licensed Mexican geologist to evaluate the properties in question. If all is well, the transaction is expected to proceed within 3-5 business days.
For further information about North Springs Resources, please visit the company’s website at www.northspringsresources.com
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The company announced today that it has signed a definitive agreement with Hyperion Management Mining to acquire a 10% interest in an option on various gold and silver producing properties in Chihuahua, Mexico. In total the various properties have an inferred reserve estimate of 730,000 ounces of gold and 94 million ounces of silver.
Previously, this deal was also to include a 10% interest in a new milling facility to be built in the area. Both parties remain committed to this goal, but for now, will revisit the building of a milling facility at a later date. The company and its partners have also agreed to terminate the agreements for North Spring to acquire properties in Guyana due to local laws and regulations delaying plans for development of the properties.
Although a definitive agreement has been signed, closing of the deal is still subject to further due diligence, including an additional company-initiated review conducted by an independent, qualified, and licensed Mexican geologist to evaluate the properties in question. If all is well, the transaction is expected to proceed within 3-5 business days.
For further information about North Springs Resources, please visit the company’s website at www.northspringsresources.com
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