CounterPath, a global provider of personal computer and mobile application software as well as gateway server software products, announced today that it will enter into a strategic license royalty agreement with Nippon Telegraph and Telephone (NTT) Software Corporation that enables Japanese enterprises to provide unified communications (UC) and fixed-mobile convergence (FMC) services to their customers’ mobile workers, telecommuters, and business travelers. CounterPath’s Bria mobile and Client Configuration Server (CCS) will be integrated in unison to deliver innovative options for the management of communications spending while maximizing employee productivity and responsiveness.
The agreement stipulates that NTT Software Corporation will leverage the award-winning Bria mobile softphone applications with the Client Configuration Server to give enterprise customers the ability to extend VoIP and IP PBX to their current mobile devices. By utilizing this solution, employees can use their own devices and Bria’s platform diversity to deliver services across the world’s most widely used smartphone platforms.
Bria provides high-quality voice calls over 3G, 4G, and Wi-Fi by using industry standards and proven multimedia technology. Bria can also enable least-cost routing by switching between mobile and Wi-Fi data networks on the fly. This capability gives enterprise customers more flexibility in managing their telecom spending.
“Together with NTT Software we are focused on enabling the mobile workforce to be connected any place, any time,” said Todd Carothers, CounterPath Executive Vice President of Sales and Marketing. “With Bria and the Client Configuration Server, NTT Software’s customers’ will have a fast, cost-effective and uncomplicated way to extend services to nearly any employee with an iOS or Android smartphone. As part of the world’s largest global IT and telecommunications services company, NTT Software is an important partner for CounterPath and we are excited to grow this important channel within Japan.”
For further information, please visit www.counterpath.com
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Wednesday, October 31, 2012
The Guitammer Company (GTMM) Posts Q3, Nine-Month Financial Results
The Guitammer Company, a provider of low frequency sound technology, today reported a 210-percent increase in third-quarter revenues to $555,000, resulting in a 189 percent year-over-year increase in gross profit to $225,000. Gross margin for the quarter came in at 41 percent.
For the nine months ended September 30, 2012, Guitammer increased its revenues by 40 percent to $1.6 million, exceeding the total revenue generated in fiscal 2011.
Gross profit for the nine-month period was $677,000, an improvement over gross profit of $469,000 recorded in the comparable nine months of 2011.
The company narrowed its nine-month adjusted EBITA loss for 2012 to $286,000, reflecting a 14 percent improvement year-over-year.
“As reflected in the significant growth in revenue and gross profit generated in the 2012 third quarter, increased global demand for ButtKicker brand products in conjunction with our improved balance sheet and financial flexibility are providing the company with a solid platform for sustainable growth,” Guitammer CEO Mark Luden stated in the press release. “In addition to the growth in revenue and gross profit, our progress is clearly evident across many other financial metrics including reduced adjusted EBITDA loss, significantly lower interest expense and working capital deficits and higher inventory levels that are helping us address the growing popularity of our products among consumers, retailers, entertainment exhibitors, and musicians around the world.”
Luden noted steady progress in the company’s development and commercialization of its patented broadcast technology, ButtKicker® LIVE!, which the company anticipates will drive a high-margin recurring revenue-based business.
For more information, visit www.thebuttkicker.com and www.shakemycouch.com
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For the nine months ended September 30, 2012, Guitammer increased its revenues by 40 percent to $1.6 million, exceeding the total revenue generated in fiscal 2011.
Gross profit for the nine-month period was $677,000, an improvement over gross profit of $469,000 recorded in the comparable nine months of 2011.
The company narrowed its nine-month adjusted EBITA loss for 2012 to $286,000, reflecting a 14 percent improvement year-over-year.
“As reflected in the significant growth in revenue and gross profit generated in the 2012 third quarter, increased global demand for ButtKicker brand products in conjunction with our improved balance sheet and financial flexibility are providing the company with a solid platform for sustainable growth,” Guitammer CEO Mark Luden stated in the press release. “In addition to the growth in revenue and gross profit, our progress is clearly evident across many other financial metrics including reduced adjusted EBITDA loss, significantly lower interest expense and working capital deficits and higher inventory levels that are helping us address the growing popularity of our products among consumers, retailers, entertainment exhibitors, and musicians around the world.”
Luden noted steady progress in the company’s development and commercialization of its patented broadcast technology, ButtKicker® LIVE!, which the company anticipates will drive a high-margin recurring revenue-based business.
For more information, visit www.thebuttkicker.com and www.shakemycouch.com
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GreeneStone Healthcare, Inc. (GRST) Taking Advantage of Large Unmet Need
A recent study and evaluation of mental health specifically addressed conditions in the province of Ontario in Canada, but a good argument can be made that many of the conditions it uncovered likely parallel those in other parts of Canada and in the United States. As such, it offers an idea of the potential market for the kind of mental health services offered by GreeneStone Healthcare, an Ontario-based healthcare provider seeking to expand its operations to meet a growing need in the areas of addiction, eating disorders, and other areas of mental health.
In particular, the evaluation emphasized the wide-ranging scope of the mental health problem, indicating that most people in Ontario are affected over time, either directly or indirectly, by mental illness and addiction issues, and that fully one in five Canadians are affected each and every year. The study suggests that associated problems often begin at a young age, but can continue throughout the person’s life, ultimately affecting their social connections as well as education and workforce participation. Mental health can, in fact, be the predominant health related factor affecting a person’s life, even though it often goes unrecognized.
Although major physical diseases tend to result in a greater actual loss of life, mental illness, such as depression, bipolar disorder, alcohol and drug addiction, is foremost when it comes to years lost to reduced functioning. The study says that, for Ontario, the burden of mental illness and addictions is 50% greater than all forms of cancer put together. The cost of depression alone, in terms of reduced functioning, exceeds the combined burden of lung, colorectal, breast, and prostate cancer. But mental health issues can also be life threatening, with alcohol use disorders responsible for more deaths than some cancers and infectious diseases.
The study concludes that, although effective treatments exist for mental illness and addiction, only a small proportion of affected individuals receive them. Given the extent of the problem, there is clearly a strong unmet need for the application of preventative and treatment methodologies. GreeneStone recognizes the need, and is actively growing through a “build and buy” strategy, and aims to ramp up revenue from $7 million to nearly $90 million in the coming years.
For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com
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In particular, the evaluation emphasized the wide-ranging scope of the mental health problem, indicating that most people in Ontario are affected over time, either directly or indirectly, by mental illness and addiction issues, and that fully one in five Canadians are affected each and every year. The study suggests that associated problems often begin at a young age, but can continue throughout the person’s life, ultimately affecting their social connections as well as education and workforce participation. Mental health can, in fact, be the predominant health related factor affecting a person’s life, even though it often goes unrecognized.
Although major physical diseases tend to result in a greater actual loss of life, mental illness, such as depression, bipolar disorder, alcohol and drug addiction, is foremost when it comes to years lost to reduced functioning. The study says that, for Ontario, the burden of mental illness and addictions is 50% greater than all forms of cancer put together. The cost of depression alone, in terms of reduced functioning, exceeds the combined burden of lung, colorectal, breast, and prostate cancer. But mental health issues can also be life threatening, with alcohol use disorders responsible for more deaths than some cancers and infectious diseases.
The study concludes that, although effective treatments exist for mental illness and addiction, only a small proportion of affected individuals receive them. Given the extent of the problem, there is clearly a strong unmet need for the application of preventative and treatment methodologies. GreeneStone recognizes the need, and is actively growing through a “build and buy” strategy, and aims to ramp up revenue from $7 million to nearly $90 million in the coming years.
For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com
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Command Center (CCNI) Demonstrates Flexibility in Providing Workforce Solutions for an Array of Industries
Command Center provides on-demand employment solutions in the United States with a focus on light industrial, hospitality, and event services areas. In addition to these core areas, the company also supplies workers for disaster relief and other emergency response projects. To-date, Command Center has 52 branches in 24 states.
The company’s “Branch in a Box” business model allows it to open a branch office at a remote location in the event of a disaster or emergency response situation. In this manner, the company extended its services in activities associated with flooding in Iowa and Tennessee, Hurricanes Ike and Katrina, the Gulf Oil Spill, and other events.
Reflecting the diversity of its offerings, Command Center recently opened an office in Williston, ND, to take advantage of activities in the nearby Bakken Oil Shale Region, where the company provides workers to oil-service companies.
In January, the company acquired DR Services of Louisiana LLC, which is now operated by Command Center subsidiary Disaster Recovery Services Inc. DR Services provides disaster relief and recovery solutions by leveraging a rapid-response model that generated more than $5 million in 2011.
Command Center recently reported third-quarter revenue of $28.4 million vs. revenue of $24.9 million reported for the third quarter of 2011.
For more information visit www.commandonline.com
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The company’s “Branch in a Box” business model allows it to open a branch office at a remote location in the event of a disaster or emergency response situation. In this manner, the company extended its services in activities associated with flooding in Iowa and Tennessee, Hurricanes Ike and Katrina, the Gulf Oil Spill, and other events.
Reflecting the diversity of its offerings, Command Center recently opened an office in Williston, ND, to take advantage of activities in the nearby Bakken Oil Shale Region, where the company provides workers to oil-service companies.
In January, the company acquired DR Services of Louisiana LLC, which is now operated by Command Center subsidiary Disaster Recovery Services Inc. DR Services provides disaster relief and recovery solutions by leveraging a rapid-response model that generated more than $5 million in 2011.
Command Center recently reported third-quarter revenue of $28.4 million vs. revenue of $24.9 million reported for the third quarter of 2011.
For more information visit www.commandonline.com
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Uranium Resources, Inc. (URRE) Nails Groundwater Safety at New Mexico ISR Project, Study Paints Bright Future for Mining Operations
Uranium Resources, which has in-situ recovered (ISR) over 8M lbs of uranium out of the earth since the company’s inception in the rich Texas Gulf Coast uranium region back in 1977 (now holding four major properties, while controlling two evaluation projects in the region), reported positive groundwater safety findings today on their Church Rock Section 8 project (McKinley County, New Mexico), drawing on the extensive material contained in the Section 8 / Navajo-Gallup Groundwater Report and Conjunctive Use Evaluation study.
This study, which was a joint effort between the City of Gallup and the Navajo Nation authorities, looked at the environmental impact of ISR operations at the project with respect to existing water wells for the respective entities, in addition to those wells serving Fort Wingate and Rhoboth. Conclusively, the evaluation shows that not only is the ISR methodology extremely safe and environmentally friendly, but that no discernable risk exists for groundwater contamination.
This is a glowing report that spells a big green light for URRE’s Church Rock S8 project and it details clearly that there should be no complications for future mining operations either, something which allows the interested parties to rest easy, secure in the knowledge that the wells and the Navajo-Gallup Water Supply Project will remain untainted. The long-term results are always important in uranium mining and it is indeed reassuring to have a good future vector for extraction mapped out in the study. With future wells not being a problem, the site could quickly evolve as the company’s major flagship project in New Mexico.
The company currently holds some 206k acres (152.9M lbs of in-place mineralized uranium material) in New Mexico, with a 1M lbs/year production license. After accumulating vast amounts of data in the form of assay certificates, drill hole logs, maps, and technical reports over the last two decades, URRE is well-positioned with a variety of properties like Church Rock to really make a name for itself in New Mexico. New Mexico and Texas form a strong resource base for URRE and with this kind of undeveloped uranium potential under the company’s thumb, the possibilities for partnering are increasingly choice as the asset base is expanded, especially with larger firms that lack access to new resource targets, or with junior’s who lack the logistical capacity and know-how of a URRE.
Senior VP of Health, Safety, and Environmental Standards for URRE, Mark S. Pelizza, was quite pleased with the results, confirming to shareholders that the satisfaction of both chief parties via this joint effort roundly substantiates the company’s own analysis. Church Rock looks safe to mine and the company’s ISR proficiency will prove to be not only ideal for extraction, but extremely delicate. Of course this is one of the benefits of ISR in general and URRE is a master of the technique, which uses injection and recovery to literally drink the uranium right out of the ore body, leaving the rock undistributed.
Pelizza called the jointly developed study a “solid step forward” towards satisfying the concerns of the Navajo Nation, with whom URRE is still in talks and he underscored how the study was essentially over-designed to yield high tolerances for safety.
The Navajo Nation and the City of Gallup pegged veteran engineering, geoscience, and hydrology firm, B. Stephens and Associates, Inc., to handle the report preparation, and it is important to note that the groundwater migration rates and proximity of supply wells were both calculated as being well above projections. In addition to this over-design characteristic, employed out of circumspection and to give the interested parties all the more reason to okay the project, natural dilutive geochemical processes which would remove the element over time were also disregarded, resulting in truly high-fidelity assertions. Given this over-design of the parameterization, in combination with the positive final safety results, investors will be keen to see just how fast uranium development activity accelerates for URRE at Church Rock.
With over 430 operating reactors on earth today, chewing up over 177M lbs of yellowcake each year (36% over last year’s production), the fundamental dynamics are clear for nuclear. Four to six new reactors may come online domestically by 2020 after a three-decade stint of depressed construction, while abroad in places like China, they have 25 being built, including some of the most advanced in the world. Yes, the future for nuclear power is indisputable and globally the market is quite large for the kind of high-quality yellowcake URRE will be pulling out of the ground in New Mexico and Texas, giving shareholders solid price horizons and investors a hot play with some serious upside potential.
For more information on Uranium Resources, visit www.UraniumResources.com
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This study, which was a joint effort between the City of Gallup and the Navajo Nation authorities, looked at the environmental impact of ISR operations at the project with respect to existing water wells for the respective entities, in addition to those wells serving Fort Wingate and Rhoboth. Conclusively, the evaluation shows that not only is the ISR methodology extremely safe and environmentally friendly, but that no discernable risk exists for groundwater contamination.
This is a glowing report that spells a big green light for URRE’s Church Rock S8 project and it details clearly that there should be no complications for future mining operations either, something which allows the interested parties to rest easy, secure in the knowledge that the wells and the Navajo-Gallup Water Supply Project will remain untainted. The long-term results are always important in uranium mining and it is indeed reassuring to have a good future vector for extraction mapped out in the study. With future wells not being a problem, the site could quickly evolve as the company’s major flagship project in New Mexico.
The company currently holds some 206k acres (152.9M lbs of in-place mineralized uranium material) in New Mexico, with a 1M lbs/year production license. After accumulating vast amounts of data in the form of assay certificates, drill hole logs, maps, and technical reports over the last two decades, URRE is well-positioned with a variety of properties like Church Rock to really make a name for itself in New Mexico. New Mexico and Texas form a strong resource base for URRE and with this kind of undeveloped uranium potential under the company’s thumb, the possibilities for partnering are increasingly choice as the asset base is expanded, especially with larger firms that lack access to new resource targets, or with junior’s who lack the logistical capacity and know-how of a URRE.
Senior VP of Health, Safety, and Environmental Standards for URRE, Mark S. Pelizza, was quite pleased with the results, confirming to shareholders that the satisfaction of both chief parties via this joint effort roundly substantiates the company’s own analysis. Church Rock looks safe to mine and the company’s ISR proficiency will prove to be not only ideal for extraction, but extremely delicate. Of course this is one of the benefits of ISR in general and URRE is a master of the technique, which uses injection and recovery to literally drink the uranium right out of the ore body, leaving the rock undistributed.
Pelizza called the jointly developed study a “solid step forward” towards satisfying the concerns of the Navajo Nation, with whom URRE is still in talks and he underscored how the study was essentially over-designed to yield high tolerances for safety.
The Navajo Nation and the City of Gallup pegged veteran engineering, geoscience, and hydrology firm, B. Stephens and Associates, Inc., to handle the report preparation, and it is important to note that the groundwater migration rates and proximity of supply wells were both calculated as being well above projections. In addition to this over-design characteristic, employed out of circumspection and to give the interested parties all the more reason to okay the project, natural dilutive geochemical processes which would remove the element over time were also disregarded, resulting in truly high-fidelity assertions. Given this over-design of the parameterization, in combination with the positive final safety results, investors will be keen to see just how fast uranium development activity accelerates for URRE at Church Rock.
With over 430 operating reactors on earth today, chewing up over 177M lbs of yellowcake each year (36% over last year’s production), the fundamental dynamics are clear for nuclear. Four to six new reactors may come online domestically by 2020 after a three-decade stint of depressed construction, while abroad in places like China, they have 25 being built, including some of the most advanced in the world. Yes, the future for nuclear power is indisputable and globally the market is quite large for the kind of high-quality yellowcake URRE will be pulling out of the ground in New Mexico and Texas, giving shareholders solid price horizons and investors a hot play with some serious upside potential.
For more information on Uranium Resources, visit www.UraniumResources.com
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Aristocrat Group Corp. (ASCC) New Brand Management Attracts Positive Attention in First Few Weeks of Operation
Aristocrat Brands is making a name for itself in the distilled spirits industry, an impressive feat considering it was formed only weeks ago. As the new brand management division of the Aristocrat Group Corp., Aristocrat Brands is currently evaluating branding proposals from outside distillers.
The company will be launching its initial premium vodka brand soon and it’s considering adding another line of vodka to its repertoire. Aristocrat Brands is also in talks to add a top-shelf tequila to its fast-growing stable.
The Aristocrat Group formed its brand management division to promote unique brands with mass-market appeal across a diverse demographic. Thus far, the company has targeted distilled spirits due to the industry’s unprecedented and ongoing growth over the past several years.
“It just goes to show how hot the premium liquor market is in the United States,” observed ASCC’s CEO, Cindy Morrissey. “We’ve already received an incredible response to our goals from domestic distillers impressed by our brand management vision. We’ll continue to evaluate new opportunities as they come in and move on any that we feel could enrich our company and our shareholders.”
In the future, Aristocrat Brands will pursue opportunities in luxury goods, beauty products, and the entertainment industry, sectors ripe with potential for crossover marketing.
For more information on its brand management initiative, please visit www.AristocratBrands.com/investors
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The company will be launching its initial premium vodka brand soon and it’s considering adding another line of vodka to its repertoire. Aristocrat Brands is also in talks to add a top-shelf tequila to its fast-growing stable.
The Aristocrat Group formed its brand management division to promote unique brands with mass-market appeal across a diverse demographic. Thus far, the company has targeted distilled spirits due to the industry’s unprecedented and ongoing growth over the past several years.
“It just goes to show how hot the premium liquor market is in the United States,” observed ASCC’s CEO, Cindy Morrissey. “We’ve already received an incredible response to our goals from domestic distillers impressed by our brand management vision. We’ll continue to evaluate new opportunities as they come in and move on any that we feel could enrich our company and our shareholders.”
In the future, Aristocrat Brands will pursue opportunities in luxury goods, beauty products, and the entertainment industry, sectors ripe with potential for crossover marketing.
For more information on its brand management initiative, please visit www.AristocratBrands.com/investors
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GlobalWise Investments, Inc. (GWIV) is Part of Two Growing Industries
GlobalWise Investments, through its wholly-owned subsidiary, Intellinetics, offers advanced cloud-based Enterprise Content Management (ECM) solutions to commercial and government operations in a way that allows secure authorized access to critical documents and information from anywhere in the world, and any time of day or night. The bottom line for organizational clients is that previously buried information now becomes available to whoever needs it, whenever they need it, regardless of where they are, providing a major operational advantage. For GlobalWise, the unique combination of advanced ECM software and cloud technology gives them a foot in both the ECM industry and cloud computing space, representing two significant growth industries.
The ECM industry, designed to greatly facilitate the capture, storage, and access of all types of documents, is expected to grow by over 10% annually, and exceed $5.7 billion by 2014. The rapidly growing volume of documents and information that organizations must now process on a daily basis is clogging operational arteries, creating a drain on resources. ECM, which GlobalWise now integrates with existing document scanning and copying functions, makes the capturing and retrieval of this information easy, positively affecting all operational aspects.
The adoption of cloud computing is expected to maintain a compound annual growth rate of over 25%. Of special significance is the Tier 3 and Tier 4 market (small to mid-size business) that GlobalWise targets, an important part of the $149 billion overall business software and services industry. The GlobalWise flagship platform, Intellivue, represents a new industry benchmark, combining advanced virtualization and automated content management with an open and service oriented architecture using Web services. Cloud processing is the only way that offers increasingly diversified, scattered, and complex organizations the ability to access the information they need in a totally flexible way.
To learn more about GlobalWise and its software solutions, visit www.GlobalWiseInvestments.com
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The ECM industry, designed to greatly facilitate the capture, storage, and access of all types of documents, is expected to grow by over 10% annually, and exceed $5.7 billion by 2014. The rapidly growing volume of documents and information that organizations must now process on a daily basis is clogging operational arteries, creating a drain on resources. ECM, which GlobalWise now integrates with existing document scanning and copying functions, makes the capturing and retrieval of this information easy, positively affecting all operational aspects.
The adoption of cloud computing is expected to maintain a compound annual growth rate of over 25%. Of special significance is the Tier 3 and Tier 4 market (small to mid-size business) that GlobalWise targets, an important part of the $149 billion overall business software and services industry. The GlobalWise flagship platform, Intellivue, represents a new industry benchmark, combining advanced virtualization and automated content management with an open and service oriented architecture using Web services. Cloud processing is the only way that offers increasingly diversified, scattered, and complex organizations the ability to access the information they need in a totally flexible way.
To learn more about GlobalWise and its software solutions, visit www.GlobalWiseInvestments.com
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U.S. Geothermal, Inc. (HTM) Signs Memorandum of Understanding for Power Purchase Agreement at Major Project Outside Guatemala City
Geothermal, a company boldly pioneering the most abundant source of renewable energy on the planet, producing electricity from the tapping/harvesting of the planet’s own core temperature, reported signage of a memorandum of understanding to negotiate a key power purchase agreement on one of their concessions near the populous Guatemala City (El Ceibillo Project), between the company’s wholly-owned subsidiary, U.S. Geothermal Guatemala, S.A., and one Central America’s biggest distributors.
This vital 24.7k-acre concession, awarded to the company back in April, sits in the heart of the Aqua and Pacaya twin volcano complex. With nine existing 560 to 2k foot wells, six of which gauge in the 365°F to 400°F range and strong indications (high conductive thermal gradients) of a highly permeable, geometrically hotter with depth reservoir below the existing well field, HTM is sitting on a power gold mine just outside of Guatemala’s capital, one of Central America’s largest cities with a huge outlying population.
Today’s announcement of a memorandum of understanding, which will serve as a framework for the power purchase agreement, gives HTM a really solid footing in the region and contains stipulations for a 15-year purchase window at up to 50MW per year. Given the further stipulation of a regionally competitive pricing model that should account nicely for prevailing conditions, as per a yearly average of $145.00 per MWh (Guatemalan wholesale market administrator figure), we have a tidy little package deal emerging for HTM’s fourth project, in addition to the thriving generation projects in Idaho, Nevada, and Oregon.
With the geothermal reservoir confirmation via an independent engineering firm remaining, in addition to permitting and other clearances, as well as locking down the capitalization, the power purchase agreement will be well-served by due diligence over the coming months. U.S. Geothermal is bucking hard to make their Central American position into a real winner here.
Developing this kind of ultra clean, ultra renewable energy by harnessing the raw power of the earth’s core, far surpasses all other forms of conventional generation, which merely expend a fuel source to produce heat/stream in most cases anyways (to turn a turbine). U.S. Geothermal plans to not only work over the existing well set but deepen them and introduce new wells, ultimately gearing towards the choice heat down in the 410°F to 446°F range.
CEO of HTM, Daniel Kunz, outlined how the power purchase agreement secured by the memorandum would lead to some exceptional long-term economic viability, asserting that the planned roll out of an initial 25MW (double flash steam-based) system could start providing renewable power to the massive market soon, while helping to offset Guatemala’s lagging dependence on imported fossil fuels.
Logistical success should make the 2015 production target a snap, and beyond the sweet financial metrics, investors will have to marvel at how companies like HTM are today realizing the incredibly vast potential of geothermal. With operating assets in Raft River, Idaho, and San Emidio, Nevada, in addition to their startup in Malheur County, Oregon, the company is wielding around 69.5k acres of prime geothermal territory and stands poised to be one of the real success stories of the industry.
For more information on U.S. Geothermal, please visit the company’s website at: www.USGeothermal.com
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This vital 24.7k-acre concession, awarded to the company back in April, sits in the heart of the Aqua and Pacaya twin volcano complex. With nine existing 560 to 2k foot wells, six of which gauge in the 365°F to 400°F range and strong indications (high conductive thermal gradients) of a highly permeable, geometrically hotter with depth reservoir below the existing well field, HTM is sitting on a power gold mine just outside of Guatemala’s capital, one of Central America’s largest cities with a huge outlying population.
Today’s announcement of a memorandum of understanding, which will serve as a framework for the power purchase agreement, gives HTM a really solid footing in the region and contains stipulations for a 15-year purchase window at up to 50MW per year. Given the further stipulation of a regionally competitive pricing model that should account nicely for prevailing conditions, as per a yearly average of $145.00 per MWh (Guatemalan wholesale market administrator figure), we have a tidy little package deal emerging for HTM’s fourth project, in addition to the thriving generation projects in Idaho, Nevada, and Oregon.
With the geothermal reservoir confirmation via an independent engineering firm remaining, in addition to permitting and other clearances, as well as locking down the capitalization, the power purchase agreement will be well-served by due diligence over the coming months. U.S. Geothermal is bucking hard to make their Central American position into a real winner here.
Developing this kind of ultra clean, ultra renewable energy by harnessing the raw power of the earth’s core, far surpasses all other forms of conventional generation, which merely expend a fuel source to produce heat/stream in most cases anyways (to turn a turbine). U.S. Geothermal plans to not only work over the existing well set but deepen them and introduce new wells, ultimately gearing towards the choice heat down in the 410°F to 446°F range.
CEO of HTM, Daniel Kunz, outlined how the power purchase agreement secured by the memorandum would lead to some exceptional long-term economic viability, asserting that the planned roll out of an initial 25MW (double flash steam-based) system could start providing renewable power to the massive market soon, while helping to offset Guatemala’s lagging dependence on imported fossil fuels.
Logistical success should make the 2015 production target a snap, and beyond the sweet financial metrics, investors will have to marvel at how companies like HTM are today realizing the incredibly vast potential of geothermal. With operating assets in Raft River, Idaho, and San Emidio, Nevada, in addition to their startup in Malheur County, Oregon, the company is wielding around 69.5k acres of prime geothermal territory and stands poised to be one of the real success stories of the industry.
For more information on U.S. Geothermal, please visit the company’s website at: www.USGeothermal.com
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Tuesday, October 30, 2012
Cobra Electronics Corp. (COBR) Partners with Professional Race Truck Transporters Association for 2012/2013 NASCAR Camping World Truck Series(R) Seasons
Cobra Electronics, a leading designer of mobile communications products in the United States and around the world, yesterday announced that its partnership with the Professional Race Truck Transporters Association (PRTTA) has been finalized and extends throughout the 2012 and 2013 NASCAR Camping World Truck Series(R) seasons. Cobra specializes in the development and marketing of CB radios and GPS navigation systems for professional drivers. Cobra has a longstanding heritage of product innovation and partnerships with both the trucking and automotive industries, as well as their respective drivers.
The PRTTA, a trade association of professional drivers, is responsible for the handling of transportation of NASCAR trucks across the country, from venue to venue. Entrusted to transport some of the world’s most advanced and powerful automobiles in equally sophisticated, state-of-the-art trailers, the PRTTA drivers are considered among the best, most seasoned in the industry. The PRTTA rely on approximately 50 drivers to handle the transportation needs for the 2012 NASCAR Camping World Truck Series season.
“The members of the PRTTA are extremely proud and honored to partner with Cobra, the true market leader and creators of today’s finest electronics for the professional driver,” said PRTTA President Terry Lynch. “The Bluetooth(R) technology they have incorporated into their CB radios allows our member drivers to not only to be compliant with today’s hands-free driving regulations, it also enables us to stay in touch with our families as we travel the country for the NASCAR Camping World Truck Series circuit.”
Cobra Electronics has been an industry leader for over 40 years, providing technological innovations in CB radios, in-cab communications, and navigation for professional drivers. That legacy is continued through a series of patented and award-winning breakthroughs for truckers. Because of the company’s notoriety within the industry, Cobra is often called-upon to support many of the industry’s leading events and conferences, including the Great American Trucking show, The Mid-American Trucking Show, and the Iowa 80 Jamboree. Robb Mariani, host of American Trucker, is also a long standing affiliate of Cobra.
“It’s an honor for all of us at Cobra to partner with the Professional Race Truck Transporters Association and continue our relationship with the professional driving community as one way of thanking truckers for their long-standing support and loyalty to the Cobra brand,” said Sally Washlow, senior vice president of marketing and sales for Cobra Electronics. “We look forward to a powerful and exciting finish to the 2012 NASCAR Camping World Truck Series season and a spectacular year in 2013, and we’re honored to extend our relationship with this incredible group of professional drivers.”
To learn more about Cobra Electronics, visit www.cobra.com
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The PRTTA, a trade association of professional drivers, is responsible for the handling of transportation of NASCAR trucks across the country, from venue to venue. Entrusted to transport some of the world’s most advanced and powerful automobiles in equally sophisticated, state-of-the-art trailers, the PRTTA drivers are considered among the best, most seasoned in the industry. The PRTTA rely on approximately 50 drivers to handle the transportation needs for the 2012 NASCAR Camping World Truck Series season.
“The members of the PRTTA are extremely proud and honored to partner with Cobra, the true market leader and creators of today’s finest electronics for the professional driver,” said PRTTA President Terry Lynch. “The Bluetooth(R) technology they have incorporated into their CB radios allows our member drivers to not only to be compliant with today’s hands-free driving regulations, it also enables us to stay in touch with our families as we travel the country for the NASCAR Camping World Truck Series circuit.”
Cobra Electronics has been an industry leader for over 40 years, providing technological innovations in CB radios, in-cab communications, and navigation for professional drivers. That legacy is continued through a series of patented and award-winning breakthroughs for truckers. Because of the company’s notoriety within the industry, Cobra is often called-upon to support many of the industry’s leading events and conferences, including the Great American Trucking show, The Mid-American Trucking Show, and the Iowa 80 Jamboree. Robb Mariani, host of American Trucker, is also a long standing affiliate of Cobra.
“It’s an honor for all of us at Cobra to partner with the Professional Race Truck Transporters Association and continue our relationship with the professional driving community as one way of thanking truckers for their long-standing support and loyalty to the Cobra brand,” said Sally Washlow, senior vice president of marketing and sales for Cobra Electronics. “We look forward to a powerful and exciting finish to the 2012 NASCAR Camping World Truck Series season and a spectacular year in 2013, and we’re honored to extend our relationship with this incredible group of professional drivers.”
To learn more about Cobra Electronics, visit www.cobra.com
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Teletouch Communications, Inc. (TLLE) Continues to Line Up Distribution Contracts
When Teletouch Communications, a growing cellular and consumer electronics distributor, recently announced that it had entered into a comprehensive distribution agreement with Unimax Communications, a subsidiary of Unimax Communications Corporation, a Hong Kong based telecom electronics manufacturer, to sell and distribute their mobile handsets, it was another reflection of Teletouch plans for fiscal 2013 and following years. The company has been transitioning into becoming a nationwide electronics distributor, a major part of which has involved the development of new distribution agreements with a wide range of communications and electronics manufacturers.
Specifically stated goals for the year, ending May 31, 2013, some of which have already been accomplished, include:
• Replace all debt facilities with new, lower cost line
• Sale of non-core corporate assets where opportunistic
• Continue investigating potential acquisition opportunities
• Maintain earnings momentum
• Continue transition to core wholesale distribution business, including execution of additional new direct OEM handset distribution relationships (recently accomplished listed below)
o Alcatel One Touch – Branded Cellular Handsets
o Monster Digital – SD & Micro SD Cards
o Boston Amplifier – Wireless Signal Boosters
o Aerovoice/Concept 101 – AT&T Branded Consumer Electronics
o PureGear – Wireless Accessories
o Parrot – Bluetooth Accessories
o Wilson Electronics – Cellular Signal Boosters
o Cellphone-Mate – Cellular Signal Boosters
Unimax is one of the fastest growing handset manufacturers in China. They specialize in low cost, high quality Android, CDMA, and WCDMA handsets, including the new, ruggedized and waterproof MAXCombat and MAXArmadillo line of phones. These Android phones, built to military specifications, are fully certified for the U.S market, set for delivery in the fall of 2012. Teletouch has been named as a distributor for North America, with a focus on rural carrier operators and providers.
For more information on Teletouch Communications, visit www.Teletouch.com
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Specifically stated goals for the year, ending May 31, 2013, some of which have already been accomplished, include:
• Replace all debt facilities with new, lower cost line
• Sale of non-core corporate assets where opportunistic
• Continue investigating potential acquisition opportunities
• Maintain earnings momentum
• Continue transition to core wholesale distribution business, including execution of additional new direct OEM handset distribution relationships (recently accomplished listed below)
o Alcatel One Touch – Branded Cellular Handsets
o Monster Digital – SD & Micro SD Cards
o Boston Amplifier – Wireless Signal Boosters
o Aerovoice/Concept 101 – AT&T Branded Consumer Electronics
o PureGear – Wireless Accessories
o Parrot – Bluetooth Accessories
o Wilson Electronics – Cellular Signal Boosters
o Cellphone-Mate – Cellular Signal Boosters
Unimax is one of the fastest growing handset manufacturers in China. They specialize in low cost, high quality Android, CDMA, and WCDMA handsets, including the new, ruggedized and waterproof MAXCombat and MAXArmadillo line of phones. These Android phones, built to military specifications, are fully certified for the U.S market, set for delivery in the fall of 2012. Teletouch has been named as a distributor for North America, with a focus on rural carrier operators and providers.
For more information on Teletouch Communications, visit www.Teletouch.com
About QualityStocks
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Cel-Sci Corp. (CVM) Announces Safety Data from Interim Review and Third Quarter 2012 Financial Results
Cel-Sci Corp., a late-stage oncology company, is involved in the research and development of immunotherapy products for the treatment of cancer and infectious diseases. The company’s core capabilities include: drug discovery, research, development, and manufacturing of complex biological substances.
Cel-Sci recently announced the results of an interim review of the safety data from its open label, randomized, controlled, pivotal Phase III study of Multikine (Leukocyte Interleukin, Injection) investigational immunotherapy by an Independent Data Monitoring Committee (IDMC) which cited no safety concerns. Additionally, the IDMC went on to indicate that no safety signals were found that would call into question the benefit/risk of continuing the study.
This comes as positive news for the company, as up to 30% of Phase III trials fail due to safety considerations. As such, these results are considered highly important, and the IDMC’s safety findings from this interim review were similar to those reported by investigators during the CEL-SCI’s Phase I-II trials. Ultimately, the FDA will make the final decision as to whether the drug is safe based on assessment of all the data from a completed trial.
“Our Phase III study is continuing to enroll patients on a continuous basis on three continents around the world,” said Geert Kersten, CEO of CEL-SCI Corporation. “We recently presented CEL-SCI and the Multikine head and neck cancer Phase III study at the 8th International Head and Neck Cancer conference in Toronto, Canada and interest was high among clinical investigators in joining our study. We continue to believe that adding our Multikine immunotherapy to the existing head and neck cancer treatments will create a new paradigm for the treatment of head and neck cancer.”
For more information on Cel-Sci Corp., visit www.cel-sci.com
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Cel-Sci recently announced the results of an interim review of the safety data from its open label, randomized, controlled, pivotal Phase III study of Multikine (Leukocyte Interleukin, Injection) investigational immunotherapy by an Independent Data Monitoring Committee (IDMC) which cited no safety concerns. Additionally, the IDMC went on to indicate that no safety signals were found that would call into question the benefit/risk of continuing the study.
This comes as positive news for the company, as up to 30% of Phase III trials fail due to safety considerations. As such, these results are considered highly important, and the IDMC’s safety findings from this interim review were similar to those reported by investigators during the CEL-SCI’s Phase I-II trials. Ultimately, the FDA will make the final decision as to whether the drug is safe based on assessment of all the data from a completed trial.
“Our Phase III study is continuing to enroll patients on a continuous basis on three continents around the world,” said Geert Kersten, CEO of CEL-SCI Corporation. “We recently presented CEL-SCI and the Multikine head and neck cancer Phase III study at the 8th International Head and Neck Cancer conference in Toronto, Canada and interest was high among clinical investigators in joining our study. We continue to believe that adding our Multikine immunotherapy to the existing head and neck cancer treatments will create a new paradigm for the treatment of head and neck cancer.”
For more information on Cel-Sci Corp., visit www.cel-sci.com
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Serious about Trading? Then SeriousTraders is for You!
Our partner SeriousTraders knows that elite traders have to stay on top of the market at all times, and they stand behind them by continually searching for incredible trading opportunities. SeriousTraders is jam packed with informative market data and specialized articles; you won’t miss an opportunity to hone your trading edge.
Even if you’re just looking to become a Serious Trader, but don’t know where to begin – look no further. SeriousTraders wants you to feel confident in the news and information they publish. That’s why SeriousTraders is constantly researching and updating their website to bring you the latest information.
Every month you can expect their newsletter to hit your email box without fail. SeriousTraders recognizes that you are dedicated to the market, which is why they are dedicated to you!
If you are serious about trading, become a Serious Trader at www.SeriousTraders.com
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Even if you’re just looking to become a Serious Trader, but don’t know where to begin – look no further. SeriousTraders wants you to feel confident in the news and information they publish. That’s why SeriousTraders is constantly researching and updating their website to bring you the latest information.
Every month you can expect their newsletter to hit your email box without fail. SeriousTraders recognizes that you are dedicated to the market, which is why they are dedicated to you!
If you are serious about trading, become a Serious Trader at www.SeriousTraders.com
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Monday, October 29, 2012
Eco Building Products, Inc. (ECOB) Flagship Product Receives Green Light for Use in Hawaii
Eco Building Products, a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, and wood ingesting insects, today said that the Department of Planning and Permitting Building Division, City, and County of Honolulu have given the nod for the company’s flagship product.
Hawaiian building officials have approved the use ECOB’s Eco Red Shield, and the company says it is now ready to distribute the product into the Hawaiian market. Hawaii approval MM2012-0060 will remain in effect for three years and is subject to standard building department regulations.
Eco Red Shield provides wood-rot decay and Formosan termite protection, as well as provides mold and class “A’ fire and protection. Application of Eco Red Shield will also provide protection from mold and weathering during the ocean freight shipment process.
The company says the approval marks a pathway for market reach that extends beyond U.S. borders.
“The recognition of Eco Red Shield coatings by Hawaiian Building Officials is another triumph in creating the paradigm shift in the industry. Being recognized for use in Hawaii will open up several international markets for the use of Eco Red Shield. Hawaii is home of the world’s most nasty Formosan termites as does the continent of Africa and other sub-tropical regions,” Steve Conboy president and CEO of ECOB stated in the press release. “Eco Red Shield protection is equivalent to the traditional methods with the added benefits of Fire and Mold protection providing the consumer with a better product at a lower cost.”
For more information visit www.ecobluproducts.com
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Hawaiian building officials have approved the use ECOB’s Eco Red Shield, and the company says it is now ready to distribute the product into the Hawaiian market. Hawaii approval MM2012-0060 will remain in effect for three years and is subject to standard building department regulations.
Eco Red Shield provides wood-rot decay and Formosan termite protection, as well as provides mold and class “A’ fire and protection. Application of Eco Red Shield will also provide protection from mold and weathering during the ocean freight shipment process.
The company says the approval marks a pathway for market reach that extends beyond U.S. borders.
“The recognition of Eco Red Shield coatings by Hawaiian Building Officials is another triumph in creating the paradigm shift in the industry. Being recognized for use in Hawaii will open up several international markets for the use of Eco Red Shield. Hawaii is home of the world’s most nasty Formosan termites as does the continent of Africa and other sub-tropical regions,” Steve Conboy president and CEO of ECOB stated in the press release. “Eco Red Shield protection is equivalent to the traditional methods with the added benefits of Fire and Mold protection providing the consumer with a better product at a lower cost.”
For more information visit www.ecobluproducts.com
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SkyPeople Fruit Juice, Inc. (SPU) Announces Receipt of Four New Patents
SkyPeople Fruit Juice, a company engaged in the production and sales of fruit juice concentrates, fruit beverages, and other fruit related products in the PRC and overseas markets, announced that it was granted four new patents, each with a statutory patent period of 20 years, by the State Intellectual Property Office of the People’s Republic of China (SIPO) in September 2012. The patents granted to SkyPeople are related to the company’s innovative production methods and techniques, each of which can help more effectively produce a variety of fruit juice products.
The company stated that it had received, in September 2012, the patent certificates for the following four patents:
On September 12, 2012, SkyPeople received the following two patent certificates on:
• A Kiwifruit cider beverage and its production method (Patent No. ZL 2009 1 0022739.1)
• A production technology for strawberry juice concentrates (Patent No. ZL 2010 1 0209900.9)
On September 26, 2012, SkyPeople received the following additional two patent certificates:
• A production technology for turnjujube juice concentrates (Patent No. ZL 2010 1 0108318.3)
• A production technology for cherry juice concentrates (Patent No. ZL 2010 1 0209899.X)
The patent applications for the aforementioned patents were filed by SkyPeople back in 2009 and 2010, followed by a comprehensive review by SIPO. The company, upon being granted the new patents, expects to obtain market exclusivity for its innovative production methods and techniques for a period of 20 years. With the addition of these four new patents, SkyPeople now holds six active patents and has several additional patent applications in the process.
Mr. Yongke Xue, Chief Executive Officer of SkyPeople, stated: “We are pleased to obtain these patents which reflects our capability to develop proprietary and innovative production techniques that continuously increase operational efficiency and product quality. Our continued efforts to obtain new patents via our commitment to research and development, are part of a long-term growth strategy that we believe will ultimately benefit our business performance in the future.”
For more information on SkyPeople Fruit Juice, visit www.skypeoplefruitjuice.com
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The company stated that it had received, in September 2012, the patent certificates for the following four patents:
On September 12, 2012, SkyPeople received the following two patent certificates on:
• A Kiwifruit cider beverage and its production method (Patent No. ZL 2009 1 0022739.1)
• A production technology for strawberry juice concentrates (Patent No. ZL 2010 1 0209900.9)
On September 26, 2012, SkyPeople received the following additional two patent certificates:
• A production technology for turnjujube juice concentrates (Patent No. ZL 2010 1 0108318.3)
• A production technology for cherry juice concentrates (Patent No. ZL 2010 1 0209899.X)
The patent applications for the aforementioned patents were filed by SkyPeople back in 2009 and 2010, followed by a comprehensive review by SIPO. The company, upon being granted the new patents, expects to obtain market exclusivity for its innovative production methods and techniques for a period of 20 years. With the addition of these four new patents, SkyPeople now holds six active patents and has several additional patent applications in the process.
Mr. Yongke Xue, Chief Executive Officer of SkyPeople, stated: “We are pleased to obtain these patents which reflects our capability to develop proprietary and innovative production techniques that continuously increase operational efficiency and product quality. Our continued efforts to obtain new patents via our commitment to research and development, are part of a long-term growth strategy that we believe will ultimately benefit our business performance in the future.”
For more information on SkyPeople Fruit Juice, visit www.skypeoplefruitjuice.com
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Guitammer Co. (GTMM) Continues International Expansion with Theater Installations and Strategic Distribution
The Guitammer Company is known for its superior low frequency sound products and technology, offering an award-winning line of patented ButtKicker-brand low frequency audio transducers that let users feel low-frequency sound (bass). Its innovative products are now being used across the globe by leading entertainment and theater companies such as AMC, IMAX, and Disney; world-famous musicians; and by individuals looking to add a powerful kick to their home theaters, simulators, and vehicles.
Earlier this month, the company reported that Sichuan Lumiere Cinema Co. Ltd. (Lumiere Pavilions) of Beijing, China, will be installing its low frequency technology in two additional theaters. These new installations will include around 500 new ButtKicker “4D” seats. Following successful implementation, Lumiere Pavilions will have brought the ButtKicker “4D” experience to more than 1,000 seats located in China-based auditoriums, including in Nanjing (opened in 2011) and at a recently announced Beijing location (VIP seating in a Fangcaodi multiplex – in Beijing’s second circle).
85 entertainment locations in 11 countries have incorporated ButtKicker products to-date, providing the ultimate experience to over 10,000 seats. Their audiences are experiencing first-hand the excitement, impacts, special effects, and bone-rattling bass brought by Guitammer’s immersive “4D” patent-protected technology.
In other recent news, The Guitammer Company announced its sales in the Australasia market are up by more than 600% compared to last year’s levels. Leveraging its distributor partnership with Pagnian Imports and the prudent deployment of working capital secured through a recent successful private placement, the company is swiftly meeting the ever growing demand for its ButtKicker products in Australia.
Hess Ghahramanian, owner of Pagnian Imports, stated, “Customers absolutely love the ButtKicker products as they add a whole new level of immersion to movies, gaming, and music that people have never experienced before as reflected in the many glowing endorsements we receive such as: ‘It’s absolutely brilliant and have recommended it to so many people already’ (Chris Tander) and ‘Blown away by this product, my sim always felt real but this takes it that next step’ (Daniel J).”
The rising consumer demand and Guitammer’s stronger cash position after the recent private placement offering, which raised $1.6 million in new growth capital, are also demonstrated by total sales. At the end of August this year, total sales already surpassed full-year fiscal 2011 sales of $1.3 million by over 6% with more than one full quarter of operations left in the year.
Mark Luden, CEO of Guitammer stated, “Our recently completed private placement offering has further strengthened the Company’s working capital position, which has helped to drive an increase in our inventory levels commensurate with growing customer demand for ButtKicker branded products. As a result we continue to grow revenues from our core business products as we are more favorably positioned to meet demand from key partners including Hess Ghahramanian and his team at Pagnian Imports. We are extremely appreciative of the efforts Hess has put into distributing our products and even more pleased that we are now able to ship him product levels to meet the significantly increasing demand. We look forward to continuing to expand this relationship going forward.”
To learn more about The Guitammer Company and its products, visit www.guitammer.com
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Earlier this month, the company reported that Sichuan Lumiere Cinema Co. Ltd. (Lumiere Pavilions) of Beijing, China, will be installing its low frequency technology in two additional theaters. These new installations will include around 500 new ButtKicker “4D” seats. Following successful implementation, Lumiere Pavilions will have brought the ButtKicker “4D” experience to more than 1,000 seats located in China-based auditoriums, including in Nanjing (opened in 2011) and at a recently announced Beijing location (VIP seating in a Fangcaodi multiplex – in Beijing’s second circle).
85 entertainment locations in 11 countries have incorporated ButtKicker products to-date, providing the ultimate experience to over 10,000 seats. Their audiences are experiencing first-hand the excitement, impacts, special effects, and bone-rattling bass brought by Guitammer’s immersive “4D” patent-protected technology.
In other recent news, The Guitammer Company announced its sales in the Australasia market are up by more than 600% compared to last year’s levels. Leveraging its distributor partnership with Pagnian Imports and the prudent deployment of working capital secured through a recent successful private placement, the company is swiftly meeting the ever growing demand for its ButtKicker products in Australia.
Hess Ghahramanian, owner of Pagnian Imports, stated, “Customers absolutely love the ButtKicker products as they add a whole new level of immersion to movies, gaming, and music that people have never experienced before as reflected in the many glowing endorsements we receive such as: ‘It’s absolutely brilliant and have recommended it to so many people already’ (Chris Tander) and ‘Blown away by this product, my sim always felt real but this takes it that next step’ (Daniel J).”
The rising consumer demand and Guitammer’s stronger cash position after the recent private placement offering, which raised $1.6 million in new growth capital, are also demonstrated by total sales. At the end of August this year, total sales already surpassed full-year fiscal 2011 sales of $1.3 million by over 6% with more than one full quarter of operations left in the year.
Mark Luden, CEO of Guitammer stated, “Our recently completed private placement offering has further strengthened the Company’s working capital position, which has helped to drive an increase in our inventory levels commensurate with growing customer demand for ButtKicker branded products. As a result we continue to grow revenues from our core business products as we are more favorably positioned to meet demand from key partners including Hess Ghahramanian and his team at Pagnian Imports. We are extremely appreciative of the efforts Hess has put into distributing our products and even more pleased that we are now able to ship him product levels to meet the significantly increasing demand. We look forward to continuing to expand this relationship going forward.”
To learn more about The Guitammer Company and its products, visit www.guitammer.com
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Advaxis, Inc. (ADXS) Presents Immunotherapy Abstracts and Details Trial on Canine Osteosarcoma Study
Advaxis is a biotechnology company developing the next generation of immunotherapies for cancer and infectious diseases. The company’s immunotherapies are based on a novel platform technology using live, attenuated bacteria that are bio-engineered to secrete an antigen/adjuvant fusion protein that redirects the powerful immune response all human beings have to the bacteria to the cancer itself.
Advaxis was chosen to present, in oral and poster form, two abstracts detailing research with Advaxis Lm-LLO immunotherapies. The presentation was held at the Society for Immunotherapy of Cancer (SITC) 27th Annual Meeting, October 26-28, 2012, at the Bethesda North Marriott Hotel & Conference Center in North Bethesda, MD. This announcement was first made back in August, when the company first received word of being selected.
“With the clinical data to be presented at SITC, Advaxis continues to demonstrate the utility of our novel technology for the treatment of cancer,” said Dr. John Rothman, EVP of Science and Operations at Advaxis. “The commitment of Advaxis to develop new and potentially more versatile strains of Listeria to treat disease is exemplified by the work we will present on a bivalent Lm-LLO vector.”
On September 10th, Thomas Moore, Chairman and CEO of Advaxis, presented at the Rodman & Renshaw 14th Annual Healthcare Conference in the Palm Room of the Waldorf-Astoria Hotel in New York. Slides from the presentation were made available on the Advaxis website.
Additionally, Advaxis recently announced exciting news that the first two dogs have been dosed in the University of Pennsylvania School of Veterinary Medicine study of ADXS-HER2 for canine osteosarcoma. Overseen by Dr. Nichola Mason, Chairman Companion Animal Medicine at the University of Pennsylvania School of Veterinary Medicine, ADXS-HER2 is being used to treat dogs suffering from bone cancer. Canine osteosarcoma, which causes tumors to form on long leg bones, is a leading killer of large breed dogs. Previously, the only treatment for this disease was immediate amputation of the limb, combined with follow-up chemotherapy. The recurring issue is that, typically, the cancer metastasizes and spreads to the lungs, causing death in 6-12 months.
However, using Advaxis agent ADXS-HER2, the trial hopes to improve the lifespan of dogs exhibiting osteosarcoma. This immunotherapy is designed to stimulate the dog’s immune system to attack cancer cells that express the HER-2/neu marker. The primary goal being to elicit anti-tumor immunity and prolong survival.
“We don’t have to wait years to see if we are having an effect,” stated Dr. Nicola Mason. “If we find that these canine patients survive over 12 months, then that is a strong indication that this immunotherapy is in fact providing a therapeutic benefit.”
For more information on Advaxis, visit www.advaxis.com
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Advaxis was chosen to present, in oral and poster form, two abstracts detailing research with Advaxis Lm-LLO immunotherapies. The presentation was held at the Society for Immunotherapy of Cancer (SITC) 27th Annual Meeting, October 26-28, 2012, at the Bethesda North Marriott Hotel & Conference Center in North Bethesda, MD. This announcement was first made back in August, when the company first received word of being selected.
“With the clinical data to be presented at SITC, Advaxis continues to demonstrate the utility of our novel technology for the treatment of cancer,” said Dr. John Rothman, EVP of Science and Operations at Advaxis. “The commitment of Advaxis to develop new and potentially more versatile strains of Listeria to treat disease is exemplified by the work we will present on a bivalent Lm-LLO vector.”
On September 10th, Thomas Moore, Chairman and CEO of Advaxis, presented at the Rodman & Renshaw 14th Annual Healthcare Conference in the Palm Room of the Waldorf-Astoria Hotel in New York. Slides from the presentation were made available on the Advaxis website.
Additionally, Advaxis recently announced exciting news that the first two dogs have been dosed in the University of Pennsylvania School of Veterinary Medicine study of ADXS-HER2 for canine osteosarcoma. Overseen by Dr. Nichola Mason, Chairman Companion Animal Medicine at the University of Pennsylvania School of Veterinary Medicine, ADXS-HER2 is being used to treat dogs suffering from bone cancer. Canine osteosarcoma, which causes tumors to form on long leg bones, is a leading killer of large breed dogs. Previously, the only treatment for this disease was immediate amputation of the limb, combined with follow-up chemotherapy. The recurring issue is that, typically, the cancer metastasizes and spreads to the lungs, causing death in 6-12 months.
However, using Advaxis agent ADXS-HER2, the trial hopes to improve the lifespan of dogs exhibiting osteosarcoma. This immunotherapy is designed to stimulate the dog’s immune system to attack cancer cells that express the HER-2/neu marker. The primary goal being to elicit anti-tumor immunity and prolong survival.
“We don’t have to wait years to see if we are having an effect,” stated Dr. Nicola Mason. “If we find that these canine patients survive over 12 months, then that is a strong indication that this immunotherapy is in fact providing a therapeutic benefit.”
For more information on Advaxis, visit www.advaxis.com
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Friday, October 26, 2012
RTI Biologics, Inc. (RTIX) Launches New Biologic Implant, BioReady™ DBM Putty
RTI Biologics, a processor of orthopedic, dental, surgical specialties, and other biologic implants, today announced the launch of an innovative, new biologic implant for use in sports medicine, orthopedic, and pine surgeries. BioReady™ DBM Putty and Putty with Chips is an instant use, 100 percent allograft DBM product. BioReady DBM putty is included in RTI’s DBM portfolio, which already features BioSet™ DBM Paste and BioAdapt™ Foam.
BioReady DBM Putty is a ready-to-use demineralized bone matrix (DBM) implant that provides convenience, robust handling, verified osteoinductive* potential, and sterility. It was introduced at the RTI Biologics exhibit at the North American Spine Society (NASS) annual meeting in Dallas this week.
BioReady DBM Putty and Putty with Chips are 100 percent allograft, and each donor lot is tested for osteoinductive potential. Data shows that BioReady DBM Putty retains its osteoinductive potential throughout its entire shelf life. This ready-to-use implant does not require any preparation, such as thawing or mixing, and it is available in various sizes for use as a bone void filler in many types of surgical procedures.
“BioReady is an exciting allograft solution that complements our portfolio of DBM implants including BioSet and BioAdapt,” said Roger Rose, executive vice president and chief commercial officer for RTI Biologics. “This ready-to-use implant addresses a significant clinical need and ensures that we maximize every gift of donation received.”
All of RTI’s implants go through a sterilization process validated by tissue type. The sterilization process used for BioReady DBM Putty is known as the Cancelle™ SP Demineralization Process. It uses a mixture of oxidative treatments and acid or alcohol washes to remove cellular debris and deactivate pathogens. Subsequent cleansing rinses serve to remove residual chemicals, maintaining biocompatibility.
For further information, please visit www.rtix.com
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BioReady DBM Putty is a ready-to-use demineralized bone matrix (DBM) implant that provides convenience, robust handling, verified osteoinductive* potential, and sterility. It was introduced at the RTI Biologics exhibit at the North American Spine Society (NASS) annual meeting in Dallas this week.
BioReady DBM Putty and Putty with Chips are 100 percent allograft, and each donor lot is tested for osteoinductive potential. Data shows that BioReady DBM Putty retains its osteoinductive potential throughout its entire shelf life. This ready-to-use implant does not require any preparation, such as thawing or mixing, and it is available in various sizes for use as a bone void filler in many types of surgical procedures.
“BioReady is an exciting allograft solution that complements our portfolio of DBM implants including BioSet and BioAdapt,” said Roger Rose, executive vice president and chief commercial officer for RTI Biologics. “This ready-to-use implant addresses a significant clinical need and ensures that we maximize every gift of donation received.”
All of RTI’s implants go through a sterilization process validated by tissue type. The sterilization process used for BioReady DBM Putty is known as the Cancelle™ SP Demineralization Process. It uses a mixture of oxidative treatments and acid or alcohol washes to remove cellular debris and deactivate pathogens. Subsequent cleansing rinses serve to remove residual chemicals, maintaining biocompatibility.
For further information, please visit www.rtix.com
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Face Up Entertainment Group, Inc. (FUEG) Begins Testing of Super Turbo Poker
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Face Up Entertainment Group, a reality gaming social network company, has launched internal testing on Super Turbo Poker as it moves the game toward make-ready for its members. The company’s online version is meant to stimulate competition and intensity at a faster pace than general poker games.
Turbo poker tournaments, also called speed tournaments, put an alternative twist on traditional poker tournaments by accelerating overall play time. Blinds are increased every three-to-five minutes, reducing the amount of time each player has to act.
“For players who already tend to act decisively and better under pressure, the Turbo offering in tournament style will make a great addition to our existing platform,” Face Up CEO Felix Elinson stated in the press release. “Online poker tournaments which are played under Turbo conditions move along at an increased pace and have unique advantages over other tournament which can drag on for a couple of hours. This creates a more action packed, intense type of poker tournament where people have to act quickly.”
Elinson said the company’s initiatives are designed with both current and new gamers in mind.
“It is our intention to continuously expand the company’s offerings and we anticipate that these new games will open new opportunities for those players who prefer games outside of the regular pace of Texas Holdem. We are hopeful that the addition of these games will help the company attract new members to our community,” Elinson stated.
Face Up’s platform is being used to create a global gaming network of games originating from every region of the globe, supporting native languages and even cross language functionality. The company stops short of offering gambling opportunities and instead focuses on the social aspect of the platform.
“Our goal is to maintain the thrill of online games while keeping it safe for everyone. Our social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day,” Elinson stated. “Our users sit down to play a game and more often than not leave making a connection with a stranger which is then maintained via our social network functionalities.”
For more information visit www.FaceUpGaming.com
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Face Up Entertainment Group, a reality gaming social network company, has launched internal testing on Super Turbo Poker as it moves the game toward make-ready for its members. The company’s online version is meant to stimulate competition and intensity at a faster pace than general poker games.
Turbo poker tournaments, also called speed tournaments, put an alternative twist on traditional poker tournaments by accelerating overall play time. Blinds are increased every three-to-five minutes, reducing the amount of time each player has to act.
“For players who already tend to act decisively and better under pressure, the Turbo offering in tournament style will make a great addition to our existing platform,” Face Up CEO Felix Elinson stated in the press release. “Online poker tournaments which are played under Turbo conditions move along at an increased pace and have unique advantages over other tournament which can drag on for a couple of hours. This creates a more action packed, intense type of poker tournament where people have to act quickly.”
Elinson said the company’s initiatives are designed with both current and new gamers in mind.
“It is our intention to continuously expand the company’s offerings and we anticipate that these new games will open new opportunities for those players who prefer games outside of the regular pace of Texas Holdem. We are hopeful that the addition of these games will help the company attract new members to our community,” Elinson stated.
Face Up’s platform is being used to create a global gaming network of games originating from every region of the globe, supporting native languages and even cross language functionality. The company stops short of offering gambling opportunities and instead focuses on the social aspect of the platform.
“Our goal is to maintain the thrill of online games while keeping it safe for everyone. Our social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day,” Elinson stated. “Our users sit down to play a game and more often than not leave making a connection with a stranger which is then maintained via our social network functionalities.”
For more information visit www.FaceUpGaming.com
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Miller Energy Resources, Inc. (MILL) Video Chart for Friday, October 26, 2012
MILL is in a large channel from about $3.90 to $5.30. Two straight green days has the chart looking to reverse course off the bottom again, so technical traders will be watching to see if the pattern is going to continue to repeat.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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TNI BioTech Inc. (TNIB) Goes International
TNI BioTech’s announcement that it will partner with leading Chinese pharmaceutical company Hubei Qianjiang Pharmaceutical in developing anti-cancer drugs for marketing in China is the latest confirmation of the company’s intended long-term international orientation. Citizens of industrialized countries like the U.S. generally have more access to intensive and costly high-tech medicines and treatment options than in other parts of the world. It’s a situation that represents new potential markets for developers of alternative drugs. In addition, such markets can also represent financial and other resources for faster development, approval, production, and marketing of new drugs.
In the case of the China deal, Hubei Qianjiang Pharmaceutical will provide $1.6 million for pre-clinical work in developing TNI’s IRT-101 and IRT-102 immunotherapy drugs, in addition to offering a solid link to the intricacies of the Chinese drug market. After completion of the pre-clinical studies, Hubei will provide the funding for clinical trials in China to have Methionine Enkephalin approved as a new drug for the treatment of cancer.
Earlier, TNI announced an agreement to open an outpatient clinic in Malawi, Africa, for the treatment of cancer and infectious diseases, in conjunction with GB Oncology & Imaging Group. Infection-related cancers are especially problematic in people infected with HIV, which is a major factor in Malawi. Cancer patient survival rates in the country are very low due to a lack of early diagnosis and treatment.
TNI also recently announced the building of a new pharmaceutical plant in South America. The plant, located in Managua, Nicaragua, will produce the company’s IRT-103 active immunotherapy drug for use against HIV/AIDS and tumor cells. In a unique arrangement, two of the owners of Pharmaceutical Care Consultants of South Florida, the leading outlet for the supply of IRT-103 (LDN) for over ten years, have agreed to head up the QC and QA aspects of the new plant.
For more information, visit www.tnibiotech.com
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In the case of the China deal, Hubei Qianjiang Pharmaceutical will provide $1.6 million for pre-clinical work in developing TNI’s IRT-101 and IRT-102 immunotherapy drugs, in addition to offering a solid link to the intricacies of the Chinese drug market. After completion of the pre-clinical studies, Hubei will provide the funding for clinical trials in China to have Methionine Enkephalin approved as a new drug for the treatment of cancer.
Earlier, TNI announced an agreement to open an outpatient clinic in Malawi, Africa, for the treatment of cancer and infectious diseases, in conjunction with GB Oncology & Imaging Group. Infection-related cancers are especially problematic in people infected with HIV, which is a major factor in Malawi. Cancer patient survival rates in the country are very low due to a lack of early diagnosis and treatment.
TNI also recently announced the building of a new pharmaceutical plant in South America. The plant, located in Managua, Nicaragua, will produce the company’s IRT-103 active immunotherapy drug for use against HIV/AIDS and tumor cells. In a unique arrangement, two of the owners of Pharmaceutical Care Consultants of South Florida, the leading outlet for the supply of IRT-103 (LDN) for over ten years, have agreed to head up the QC and QA aspects of the new plant.
For more information, visit www.tnibiotech.com
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Loans4Less.com, as a Web-dedicated mortgage broker currently focused primarily on the massive California residential marketplace, must have its feet planted firmly in two related but individual industries: finance and real estate. With the financial and housing earthquake that the nation recently experienced, this has required an operational team that is well-versed in the changing market and regulatory aspects of both.
• Steven Hershman (Chairman, President, Treasurer, and CFO) has devoted much of his professional life to the development of Loans4Less and its above-board and transparent approach to the mortgage market. A citizen of the United States and the UK, he holds a California Real Estate Broker License, but started his career on the London Stock Exchange in 1977 where he became a Member of The London Stock Exchange in 1981. Between 1982 and 1990 he worked for Thomson McKinnon Securities, Inc. and Ladenburg, Thalmann Members of The New York Stock Exchange. Then, in 1990, he became a mortgage broker, forming, in 1993, Union Discount Mortgage, Inc.
• Julia Greenfield, Attorney-At-Law (Director, Secretary) has been a practicing attorney since 1976, representing several major savings banks and mortgage lenders, and specializing in mortgage banking laws with an emphasis on origination, servicing, secondary market whole-loan sales, securitization of prime and subprime residential mortgage loans, Truth-In-Lending and regulatory compliance under federal and state law. She is a member of the State Bar of Pennsylvania, State Bar of California, and American Bar Association. She received her Juris Doctorate in May 1976 from Villanova University School of Law, and her Bachelor of Arts (Phi Beta Kappa) in 1973 from the State University of New York at Binghamton.
• Martin Genis (Director, Executive VP) has been involved since 1997 in the development of the company’s real estate division, Platinum Properties. Since 1990, Mr. Genis has been licensed with the California Department of Real Estate and has been employed as a realty agent specializing in residential listings and purchases with the Jon Douglas Company, Los Angeles.
• Daniela Haynie (Director, Executive VP) serves as the company’s underwriting manager and mortgage loan processor, assisting in the processing and closing of mortgage loan transactions, and has worked with the company since 2001. From 1997 to 2001, she served as a mortgage loan underwriter, assisting brokers and various loan officers in processing and closing mortgage loan transactions for Crestwood Mortgage Company, Torrance, California. She graduated from the University of Sao Judas Tadeu (Sao Paulo, Brazil) in 1995, moving to the U.S. in 1996.
• Marc Phelps, CPA (Director) has been in public accounting since 1982, assisting small businesses with their accounting systems and business management. Since 1999 he has also helped small businesses with the audit process, both as the auditor and as a consultant assisting small companies to get ready for audits. He is a CPA, licensed to practice in the State of California. In 1999, he received a Bachelor of Science degree in Business Administration (Magna Cum Laude) from California State University Dominquez Hills.
For more information, visit www.Loans4Less.com
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• Steven Hershman (Chairman, President, Treasurer, and CFO) has devoted much of his professional life to the development of Loans4Less and its above-board and transparent approach to the mortgage market. A citizen of the United States and the UK, he holds a California Real Estate Broker License, but started his career on the London Stock Exchange in 1977 where he became a Member of The London Stock Exchange in 1981. Between 1982 and 1990 he worked for Thomson McKinnon Securities, Inc. and Ladenburg, Thalmann Members of The New York Stock Exchange. Then, in 1990, he became a mortgage broker, forming, in 1993, Union Discount Mortgage, Inc.
• Julia Greenfield, Attorney-At-Law (Director, Secretary) has been a practicing attorney since 1976, representing several major savings banks and mortgage lenders, and specializing in mortgage banking laws with an emphasis on origination, servicing, secondary market whole-loan sales, securitization of prime and subprime residential mortgage loans, Truth-In-Lending and regulatory compliance under federal and state law. She is a member of the State Bar of Pennsylvania, State Bar of California, and American Bar Association. She received her Juris Doctorate in May 1976 from Villanova University School of Law, and her Bachelor of Arts (Phi Beta Kappa) in 1973 from the State University of New York at Binghamton.
• Martin Genis (Director, Executive VP) has been involved since 1997 in the development of the company’s real estate division, Platinum Properties. Since 1990, Mr. Genis has been licensed with the California Department of Real Estate and has been employed as a realty agent specializing in residential listings and purchases with the Jon Douglas Company, Los Angeles.
• Daniela Haynie (Director, Executive VP) serves as the company’s underwriting manager and mortgage loan processor, assisting in the processing and closing of mortgage loan transactions, and has worked with the company since 2001. From 1997 to 2001, she served as a mortgage loan underwriter, assisting brokers and various loan officers in processing and closing mortgage loan transactions for Crestwood Mortgage Company, Torrance, California. She graduated from the University of Sao Judas Tadeu (Sao Paulo, Brazil) in 1995, moving to the U.S. in 1996.
• Marc Phelps, CPA (Director) has been in public accounting since 1982, assisting small businesses with their accounting systems and business management. Since 1999 he has also helped small businesses with the audit process, both as the auditor and as a consultant assisting small companies to get ready for audits. He is a CPA, licensed to practice in the State of California. In 1999, he received a Bachelor of Science degree in Business Administration (Magna Cum Laude) from California State University Dominquez Hills.
For more information, visit www.Loans4Less.com
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U.S. Government Sues Bank of America for Mortgage Fraud
Federal prosecutors hit the country’s largest bank, Bank of America, with a $1 billion-plus lawsuit civil mortgage fraud earlier this week. Prosecutors accused the bank of coming up with a scheme that defrauded federally-backed mortgage buyers Fannie Mae and Freddie Mac during the financial crisis of 2008-09. This lawsuit is the sixth filed in the past 18 months by the Manhattan U.S. Attorney’s office against major U.S. banks over allegations of reckless mortgage practices that contributed to the 2008 financial crisis.
Fannie Mae and Freddie Mac perform a key function in the U.S. financial system. The agencies buy mortgages from banks, package them together, and in turn sell these packages of mortgages to investors. When these agencies buy mortgage loans from banks, it allows the banks to make new loans to aspiring homeowners. Fannie and Freddie also guarantee loans that are packaged into securities and sold to investors.
The complaint filed in U.S. District Court in New York accuses Bank of America of using a loan origination program called the “Hustle” to process mortgage applications at high speeds with little checks done with regard to fraud, misstatements, or other wrongdoing. Officially, the program was called HSSL or High Speed Swim Lane. Employees were awarded bonuses based solely on volume.
The HSSL program allegedly was in operation from at least 2007 through 2009. It was started under Countrywide Financial and Countrywide Home Loans and was continued by Bank of America after it bought Countrywide’s operations in a July 2008 transaction.
The result was defective mortgages that defaulted shortly after Bank of America sold them to Fannie Mae and Freddie Mac. These faulty mortgages resulted in losses to the government-backed agencies in excess of $1 billion, sticking U.S. taxpayers with the bill according to prosecutors.
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Fannie Mae and Freddie Mac perform a key function in the U.S. financial system. The agencies buy mortgages from banks, package them together, and in turn sell these packages of mortgages to investors. When these agencies buy mortgage loans from banks, it allows the banks to make new loans to aspiring homeowners. Fannie and Freddie also guarantee loans that are packaged into securities and sold to investors.
The complaint filed in U.S. District Court in New York accuses Bank of America of using a loan origination program called the “Hustle” to process mortgage applications at high speeds with little checks done with regard to fraud, misstatements, or other wrongdoing. Officially, the program was called HSSL or High Speed Swim Lane. Employees were awarded bonuses based solely on volume.
The HSSL program allegedly was in operation from at least 2007 through 2009. It was started under Countrywide Financial and Countrywide Home Loans and was continued by Bank of America after it bought Countrywide’s operations in a July 2008 transaction.
The result was defective mortgages that defaulted shortly after Bank of America sold them to Fannie Mae and Freddie Mac. These faulty mortgages resulted in losses to the government-backed agencies in excess of $1 billion, sticking U.S. taxpayers with the bill according to prosecutors.
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GreeneStone Healthcare, Inc. (GRST) Has Big Plans
GreeneStone Healthcare, provider of healthcare services in Ontario and specializing in addiction treatment, eating disorders, and preventative healthcare for company executives, has some big but well-defined plans for growth over the next couple of years. The company sees a huge and underserved market for the treatment of addiction and mental health issues, both in Canada and the U.S., and plans to greatly expand its addiction treatment facilities. GreeneStone’s growth plans are centered around a “build and buy” strategy, ultimately increasing its capacity by nearly a factor of ten, from 36 beds to over 300, resulting in a revenue jump from $7 million to nearly $90 million.
The company has already identified several acquisition targets in the U.S. and Canada, including some underperforming operations as well as facilities that could themselves be expanded. Through acquisition, GreeneStone expects to widen the company’s breadth of services, which currently focus on addiction, eating disorders, along with endoscopy and other outpatient and aftercare services. GreeneStone has also grown through building, recently converting a resort property into a high-end residential addiction treatment facility in Muskoka, north of Toronto in southeastern Ontario.
GreeneStone currently generates approximately $600 to $1000 per day per bed, and recent M&A activity in the sector has produced valuations for facilities in excess of $1 million per bed. With the known potential for facilities development throughout North America, the opportunity for financial growth on a major scale is clear.
Shawn Leon, GreeneStone CEO, commented on the opportunity: “Typical 300-500 bed players in this space have revenue run rates in excess of $100 million from those operations. We are highly active with our expansion strategy now and expect to be busy for quite some time in order to reach what we consider to be the sweet spot in terms of bed capacity starting at the 300 bed level.”
For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com
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The company has already identified several acquisition targets in the U.S. and Canada, including some underperforming operations as well as facilities that could themselves be expanded. Through acquisition, GreeneStone expects to widen the company’s breadth of services, which currently focus on addiction, eating disorders, along with endoscopy and other outpatient and aftercare services. GreeneStone has also grown through building, recently converting a resort property into a high-end residential addiction treatment facility in Muskoka, north of Toronto in southeastern Ontario.
GreeneStone currently generates approximately $600 to $1000 per day per bed, and recent M&A activity in the sector has produced valuations for facilities in excess of $1 million per bed. With the known potential for facilities development throughout North America, the opportunity for financial growth on a major scale is clear.
Shawn Leon, GreeneStone CEO, commented on the opportunity: “Typical 300-500 bed players in this space have revenue run rates in excess of $100 million from those operations. We are highly active with our expansion strategy now and expect to be busy for quite some time in order to reach what we consider to be the sweet spot in terms of bed capacity starting at the 300 bed level.”
For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com
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East Coast Diversified Corp. (ECDC) Names Meredith Pruden to Lead Strategic Initiatives amid Commercial Deployment
East Coast Diversified, a holding company with a portfolio of technology companies, announced Meredith Pruden as the company’s senior communications and media relations manager, effective immediately. Her appointment follows and is complementary to the company’s recently completed development and pending launches of StudentConnect, a student safety technology, and Vir2o, a new social engagement platform currently in beta testing.
Pruden has nearly 20 years of creative services experience, as well as start-up expertise. Pruden previously worked at MER-itocracy Creative Inc., a consulting agency where she served as founder and CEO.
Pruden also is a content specialist with a track record of team leadership to produce award-winning, high impact campaigns in both the traditional print and interactive spaces. The new communications manager is backed by a Master of Arts in communication.
“Meredith brings a wealth of experience to our organization and management team at the most crucial time,” ECDC CEO Kayode Aladesuyi stated in the press release. “We are moving out of the development phase of our business to full commercial deployment for all four divisions of the company. We could not have found a better person to help deliver our message to the market.”
In her new role with ECDC, Pruden will leverage her knowledge and experience to help strategically position ECDC and its subsidiaries in the global marketplace and establish integral relationships with global media.
“As an early adopter and technophile, I am so excited to work with the ECDC team, its innovative technology and corporate vision,” Pruden said. “As a longtime consultant, I’ve worked with a variety of companies – from startups and small businesses to industry leaders – throughout my career, but it’s a truly rare occurrence to be able to combine my rather unique background and skill set into one role. I’m looking forward to leveraging my creative, brand building, marketing, social media and copywriting experience to grow ECDC and its divisions.”
For more information visit www.eastcoastdiversified.com
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Pruden has nearly 20 years of creative services experience, as well as start-up expertise. Pruden previously worked at MER-itocracy Creative Inc., a consulting agency where she served as founder and CEO.
Pruden also is a content specialist with a track record of team leadership to produce award-winning, high impact campaigns in both the traditional print and interactive spaces. The new communications manager is backed by a Master of Arts in communication.
“Meredith brings a wealth of experience to our organization and management team at the most crucial time,” ECDC CEO Kayode Aladesuyi stated in the press release. “We are moving out of the development phase of our business to full commercial deployment for all four divisions of the company. We could not have found a better person to help deliver our message to the market.”
In her new role with ECDC, Pruden will leverage her knowledge and experience to help strategically position ECDC and its subsidiaries in the global marketplace and establish integral relationships with global media.
“As an early adopter and technophile, I am so excited to work with the ECDC team, its innovative technology and corporate vision,” Pruden said. “As a longtime consultant, I’ve worked with a variety of companies – from startups and small businesses to industry leaders – throughout my career, but it’s a truly rare occurrence to be able to combine my rather unique background and skill set into one role. I’m looking forward to leveraging my creative, brand building, marketing, social media and copywriting experience to grow ECDC and its divisions.”
For more information visit www.eastcoastdiversified.com
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ClearOne Communications, Inc. (CLRO) Debuts MagicBox Signage Server
ClearOne announced that the company has released its new MagicBox on-premise Entry-Level Server (ELS) for digital, web-based signage. The digital signage system works with the cloud-based MagicBox WebSuite, which also saw announced upgrades on the 25th. These products and upgrades are scheduled for availability in November.
ClearOne is focused on developing and marketing conferencing, collaboration, streaming, and digital signage solutions for audio, video, and data multimedia. ClearOne is the manufacturer of the MagicBox system as well as the MagicBox WebSuite series of products.
The ELS includes several applications, such as Composer, Ad Logger, and Audio Manager, which manage, build, and publish ads, log impressions, and manage audio playlists for projects. In addition, the updates to the MagicBox WebSuite allow for new functionality, such as: the ability to be configured either to pull or push content and schedule information from the server; allowing customers to manage and publish content from anywhere with an internet connection, as well as supporting workgroup and playlist capabilities.
Tom Searcy, VP of ClearOne Digital Signage, said, “With the ELS, customers will greatly benefit from the ability to control and administer full digital signage solutions on their own private and secured networks. With a flexible and scalable architecture and no recurring fees, the total cost of a web-based signage solution is well within reach. New features in the MagicBox WebSuite software improve the control of multiple media players at one or many locations and also provide flexibility and access for multiple users with different management rights in the system. By offering both the ELS and SaaS models, our digital signage customers now have the option of hosting with either an on-premise server or a cloud-based solution, according to their digital signage requirements and business models.”
For more information, visit www.clearone.com
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ClearOne is focused on developing and marketing conferencing, collaboration, streaming, and digital signage solutions for audio, video, and data multimedia. ClearOne is the manufacturer of the MagicBox system as well as the MagicBox WebSuite series of products.
The ELS includes several applications, such as Composer, Ad Logger, and Audio Manager, which manage, build, and publish ads, log impressions, and manage audio playlists for projects. In addition, the updates to the MagicBox WebSuite allow for new functionality, such as: the ability to be configured either to pull or push content and schedule information from the server; allowing customers to manage and publish content from anywhere with an internet connection, as well as supporting workgroup and playlist capabilities.
Tom Searcy, VP of ClearOne Digital Signage, said, “With the ELS, customers will greatly benefit from the ability to control and administer full digital signage solutions on their own private and secured networks. With a flexible and scalable architecture and no recurring fees, the total cost of a web-based signage solution is well within reach. New features in the MagicBox WebSuite software improve the control of multiple media players at one or many locations and also provide flexibility and access for multiple users with different management rights in the system. By offering both the ELS and SaaS models, our digital signage customers now have the option of hosting with either an on-premise server or a cloud-based solution, according to their digital signage requirements and business models.”
For more information, visit www.clearone.com
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Cowen Group, Inc. (COWN) Announces Ramius Managed Futures Mutual Fund Has Been Added to Recommended List on Fortigent’s Alternatives Platform
Ramius LLC, the worldwide alternative investment management business of Cowen Group, has announced that the Ramius Trading Strategies Managed Futures Fund (Ticker: RTSIX, RTSRX) has been added to the recommended list of mutual fund products on Fortigent LLC’s alternatives platform. Fortigent is a leader in providing high-net-worth solutions and consulting services to RIAs, banks, and trust companies.
Ramius was selected after a rigorous due diligence process. Being chosen as one of the recommended mutual funds for Fortigent’s rapidly growing platform is evidence of Fortigent’s confidence and trust in Ramius’ products and services. Ramius will now have the opportunity to offer liquid alternatives – which are fast becoming an important investment option for investors to diversify their portfolios – on Fortigent’s highly selective platform.
Ramius recently published a detailed view of the liquid alternative investment space with a focus on managed futures investing. This white paper can be accessed at http://goo.gl/wMpDE.
Founded in 2009, Ramius Trading Strategies (RTS) is an affiliate of Cowen Group, Inc. and Ramius Alternative Solutions LLC. RTS provides multimanager products investing in independent managers in the managed futures and global macro space. All RTS products utilize RTS’ managed account platform, supported by RTS’ proprietary risk and research systems as well as the operational infrastructure of Ramius.
Grand Distribution Services LLC distributes Ramius Alternative Strategy Mutual Funds.
Ramius is the global alternative investment management business of Cowen Group, offering a wide range of investment solutions to institutions and private clients throughout the world. Cowen Group is a diversified financial services firm. Together with its consolidated subsidiaries, Cowen Group provides alternative investment management, investment banking, research, and sales and trading services through Ramius and affiliates, the company’s alternative investment management segment, and Cowen and Company, its broker-dealer segment. The company’s alternative investment management products, solutions, and services include hedge funds, replication products, managed futures funds, fund of funds, real estate, healthcare royalty funds, and cash management services. Cowen and Company offers industry-focused investment banking for growth-oriented companies, domain knowledge-driven research, and a sales and trading platform for institutional investors. The firm was founded in 1918 and is headquartered in New York, with offices located in major financial centers across the globe.
For more information, visit the company’s Web site at www.cowen.com
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Ramius was selected after a rigorous due diligence process. Being chosen as one of the recommended mutual funds for Fortigent’s rapidly growing platform is evidence of Fortigent’s confidence and trust in Ramius’ products and services. Ramius will now have the opportunity to offer liquid alternatives – which are fast becoming an important investment option for investors to diversify their portfolios – on Fortigent’s highly selective platform.
Ramius recently published a detailed view of the liquid alternative investment space with a focus on managed futures investing. This white paper can be accessed at http://goo.gl/wMpDE.
Founded in 2009, Ramius Trading Strategies (RTS) is an affiliate of Cowen Group, Inc. and Ramius Alternative Solutions LLC. RTS provides multimanager products investing in independent managers in the managed futures and global macro space. All RTS products utilize RTS’ managed account platform, supported by RTS’ proprietary risk and research systems as well as the operational infrastructure of Ramius.
Grand Distribution Services LLC distributes Ramius Alternative Strategy Mutual Funds.
Ramius is the global alternative investment management business of Cowen Group, offering a wide range of investment solutions to institutions and private clients throughout the world. Cowen Group is a diversified financial services firm. Together with its consolidated subsidiaries, Cowen Group provides alternative investment management, investment banking, research, and sales and trading services through Ramius and affiliates, the company’s alternative investment management segment, and Cowen and Company, its broker-dealer segment. The company’s alternative investment management products, solutions, and services include hedge funds, replication products, managed futures funds, fund of funds, real estate, healthcare royalty funds, and cash management services. Cowen and Company offers industry-focused investment banking for growth-oriented companies, domain knowledge-driven research, and a sales and trading platform for institutional investors. The firm was founded in 1918 and is headquartered in New York, with offices located in major financial centers across the globe.
For more information, visit the company’s Web site at www.cowen.com
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Thursday, October 25, 2012
James Mann Joins Kratos Defense & Security Solutions, Inc. (KTOS) Public Safety and Security Division as Regional Business Manager
Leading National Security Solutions provider, Kratos Defense & Security Solutions today announced that James J. Mann has been appointed as Regional Business Development Manager in the Southeast region for its Public Safety & Security (PSS) Division. Mr. Mann was with Kratos in 2009 in a senior management capacity; in his new position, he will work directly for Mr. Guerry Bruner, Southeast Regional Sales Manager.
With over 30 years of security integration experience, Mr. Mann has worked in the commercial, industrial, and government business sectors. Prior to rejoining Kratos, Mr. Mann worked for the Norment Security Group as Director of Security Electronics Sales/Marketing and Vice President of Sales/Marketing, overseeing the high-end detention security electronics sales for the company. Prior to Norment, Mr. Mann worked for a variety of large security systems integration companies including Kratos, ISR Solutions (now part of Stanley), Sensormatic (now part of Tyco), Glen Industrial Communications, and Security Technologies Group (now Siemens).
Mr. Mann has worked on several high profile projects, including the Maximum Security Prison (MSP) in Trinidad-Tobago, KIA Automotive Plant, LaGrange, GA, the Coca-Cola Company, Level (3), the Houston County Courthouse Complex, Perry, GA, the High Museum of Art in Atlanta, the Atlanta Federal Reserve Project, Potomac Electric Power Company, Frito Lay, and New York Life. Mr. Mann received a bachelor’s degree in business from Frostburg State University.
The company’s PSS Division designs, engineers, deploys, and integrates into command and control infrastructure specialized security, surveillance, and access control systems for critical infrastructure, strategic assets, and public safety. Most of the PSS business is recurring in nature and includes the operation, maintenance, and upgrade of deployed security systems. Its primary customer base includes state, local, and municipal government agencies and commercial enterprises.
For more information, visit www.kratosdefense.com
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With over 30 years of security integration experience, Mr. Mann has worked in the commercial, industrial, and government business sectors. Prior to rejoining Kratos, Mr. Mann worked for the Norment Security Group as Director of Security Electronics Sales/Marketing and Vice President of Sales/Marketing, overseeing the high-end detention security electronics sales for the company. Prior to Norment, Mr. Mann worked for a variety of large security systems integration companies including Kratos, ISR Solutions (now part of Stanley), Sensormatic (now part of Tyco), Glen Industrial Communications, and Security Technologies Group (now Siemens).
Mr. Mann has worked on several high profile projects, including the Maximum Security Prison (MSP) in Trinidad-Tobago, KIA Automotive Plant, LaGrange, GA, the Coca-Cola Company, Level (3), the Houston County Courthouse Complex, Perry, GA, the High Museum of Art in Atlanta, the Atlanta Federal Reserve Project, Potomac Electric Power Company, Frito Lay, and New York Life. Mr. Mann received a bachelor’s degree in business from Frostburg State University.
The company’s PSS Division designs, engineers, deploys, and integrates into command and control infrastructure specialized security, surveillance, and access control systems for critical infrastructure, strategic assets, and public safety. Most of the PSS business is recurring in nature and includes the operation, maintenance, and upgrade of deployed security systems. Its primary customer base includes state, local, and municipal government agencies and commercial enterprises.
For more information, visit www.kratosdefense.com
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Dynamic Energy Alliance Corp. (DEAC) Kicks Off Prototyping Phase in Run Up to Commercialization of Organic Compound Recovery from Tires
Dynamic Energy Alliance, the rapidly emerging energy and recycling firm constantly pushing the envelope in applied proprietary recovery and finishing processes which are integrated with the latest technologies for producing high-value end products from waste feedstock, announced initiation of Phase 1 today in a planned four-part process to commercialize the company’s patented organic compound extraction technology.
This prototype phase is being carried out under the non-binding agreement in principle from Oct 11, executed with TKF fractionator system developer, Terpen Kraftig LLC. The company also filed an 8-k with the SEC the same day the non-binding agreement was executed, in order to, in part, fully disclose the agreement with respect to the contemplated license. These are strong moves towards a binding definitive agreement and while the terms of such a deal have yet to be negotiated to satisfaction, the wheels have been set in motion and the prototype phase to validate commercialization will be the key to advancing.
As per the agreement Terpen has finished the prototype design/spec portion of the project and has begun sourcing the hardware needed to pull it off. Both companies will be working hand-in-hand over the next two to four months as fabrication and testing escalate towards a five gallon per day unit that should serve validation purposes quite nicely, proving both the efficacy of the organic compound extraction method and the technology’s scalability in one fell swoop.
Everything is happening right on schedule according to the company’s implementation calendar, which has Phase 2 (scale-up phase) slated for Q1 next year, after the completion of which DEAC will be set for the pilot phase (Phase 3 is scheduled for Q1 2014 or asap). The pilot phase will consist of a demonstration plant that will then serve not only as a viable 50 gallon/day processor, but also as a benchmarking framework for the company in the run up to the Phase 4, modular, 25 ton/day pyrolysis plant which will be operated by DEAC and used to showcase/syndicate the technology to interested third parties.
The only real challenge this effort will face off with will be funding procurement for key aspects of certain phases and thus it is imperative that DEAC obtain the kind of market exposure deserving of this revolutionary method for not only breaking down waste products like old tires into viable organic compounds or other end products, but also reducing the emissions typically associated with traditional processing dramatically. This multi-phase roll out dovetails very well with the company’s larger strategy to build Energy Campuses, characterized by low fixed cost and recurring revenues over the long-term.
The successful merger of advanced existing technologies and the kind of proprietary recovery/finishing processes as those developed by DEAC and others promises to usher in a new paradigm for the energy loop, especially when it comes to products like tires. The company’s highly-scalable technology, as well as commercial development “Energy Campus” strategy, should prove to be a massive springboard for the shift towards a greener tomorrow and shareholders can rest assured that this phased evolution of the systems and engineering will translate into a stable revenue driver via eventual commercialization. It will be interesting to see how third party engagements go in the next year or so as DEAC approaches the larger system implementations.
Chairman of DEAC, Charles R. Cronin, Jr., noted how important this prototype phase was to the eventual success of the technology’s commercialization and assured investors that the four-part plan to complete a working production environment was well underway, with Terpen taking the lead to advance this phase. Cronin seemed really pleased with the show of good faith from Terpen and confirmed that the company was hard at work taking all the necessary steps to realize the full potential of the agreement.
More information on Dynamic Energy Alliance Corp. can be had at the following link: www.DynamicEnergyAlliance.com
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This prototype phase is being carried out under the non-binding agreement in principle from Oct 11, executed with TKF fractionator system developer, Terpen Kraftig LLC. The company also filed an 8-k with the SEC the same day the non-binding agreement was executed, in order to, in part, fully disclose the agreement with respect to the contemplated license. These are strong moves towards a binding definitive agreement and while the terms of such a deal have yet to be negotiated to satisfaction, the wheels have been set in motion and the prototype phase to validate commercialization will be the key to advancing.
As per the agreement Terpen has finished the prototype design/spec portion of the project and has begun sourcing the hardware needed to pull it off. Both companies will be working hand-in-hand over the next two to four months as fabrication and testing escalate towards a five gallon per day unit that should serve validation purposes quite nicely, proving both the efficacy of the organic compound extraction method and the technology’s scalability in one fell swoop.
Everything is happening right on schedule according to the company’s implementation calendar, which has Phase 2 (scale-up phase) slated for Q1 next year, after the completion of which DEAC will be set for the pilot phase (Phase 3 is scheduled for Q1 2014 or asap). The pilot phase will consist of a demonstration plant that will then serve not only as a viable 50 gallon/day processor, but also as a benchmarking framework for the company in the run up to the Phase 4, modular, 25 ton/day pyrolysis plant which will be operated by DEAC and used to showcase/syndicate the technology to interested third parties.
The only real challenge this effort will face off with will be funding procurement for key aspects of certain phases and thus it is imperative that DEAC obtain the kind of market exposure deserving of this revolutionary method for not only breaking down waste products like old tires into viable organic compounds or other end products, but also reducing the emissions typically associated with traditional processing dramatically. This multi-phase roll out dovetails very well with the company’s larger strategy to build Energy Campuses, characterized by low fixed cost and recurring revenues over the long-term.
The successful merger of advanced existing technologies and the kind of proprietary recovery/finishing processes as those developed by DEAC and others promises to usher in a new paradigm for the energy loop, especially when it comes to products like tires. The company’s highly-scalable technology, as well as commercial development “Energy Campus” strategy, should prove to be a massive springboard for the shift towards a greener tomorrow and shareholders can rest assured that this phased evolution of the systems and engineering will translate into a stable revenue driver via eventual commercialization. It will be interesting to see how third party engagements go in the next year or so as DEAC approaches the larger system implementations.
Chairman of DEAC, Charles R. Cronin, Jr., noted how important this prototype phase was to the eventual success of the technology’s commercialization and assured investors that the four-part plan to complete a working production environment was well underway, with Terpen taking the lead to advance this phase. Cronin seemed really pleased with the show of good faith from Terpen and confirmed that the company was hard at work taking all the necessary steps to realize the full potential of the agreement.
More information on Dynamic Energy Alliance Corp. can be had at the following link: www.DynamicEnergyAlliance.com
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Bergamo Acquisition Corp. (BGMO) Extends Global Involvement through Strategic Acquisition
Bergamo Acquisition CEO Hillard Herzog started off in the clothing business. But during his travels to the Far East, Herzog found himself interested in something far more fundamental than apparel. It was during those overseas travels that he was exposed to the energy shortages in third-world countries of the Far East and eventually took his company in another direction with a focus on green energy, solar energy, and water conservation in underdeveloped countries such as India and Pakistan.
Herzog later was introduced to a large public solar energy company and formed an association in the Far East to address the region’s energy plights. Now, Bergamo is a Henderson, Nevada-based global investor pursuing opportunities for sole acquisition and co-investment alongside other investors, such as private equity funds, hedge funds, investment banks, and other institutions. The company has affiliate offices in Europe and Asia.
In regards to project development in these areas, Herzog says the main challenge is getting foreign investors to bring their money into the United States amid tightened regulation and a daunting tax structure.
Hillard saw this challenge as an opportunity and approached investment partners outside the United States with the proposition of a financial structure that would allow them to invest in the development of renewable energy projects. Bergamo’s solution is to acquire an established company with a proven track record in, say Europe, and structure that entity as a holding company that can invest in the United States on an equitable tax-free basis.
Fast-forward to-date and Bergamo has done just that. Bergamo’s financial partners include top multi-national corporations and government organizations. The company sources and provides equipment, develops technology, and offers turnkey solutions to developers, utilities, water districts, power plant owners, and industrial customers.
In conjunction with its 60% owned subsidiary located in Miami, the company has developed a Solar Generator for homes, apartment buildings, and airports. The company also offers a solar-operated tube well water pumping system equipped with universal invertors that enable existing pumps running on electric power to run on solar power. The company’s team is working to introduce this product in areas with over-stressed energy grids, such as Asia, Africa, and the Middle East.
In May 2012 Bergamo acquired a 100% stake in a European entity for its investing strategies utilizing the EURO currency. This European facility acquires small, undercapitalized companies and banks in the United States.
Bergamo keeps the names and locations of its subsidiaries hush hush, per non-disclosure agreements, but it’s something the CEO says he’s working to change. The company’s subsidiaries prefer anonymity to stay away from the attention and scrutiny in the United States since they are providing equity money, not lending money, though Herzog said he is working to substantiate the company’s financial statements.
“My concern is … to prove to our shareholders that our stock is very undervalued and prove to them that they’ve made a proper investment and reward them for what they’ve done in terms of confidence in investing in our company and in myself personally. It’s my job to see to it that each and every shareholder, including myself and any of my associates and any of our foreign subsidiaries all share in the profitability in what I believe we have,” Herzog stated in a recent radio interview.
For the period from January 1, 2012, through September 17, 2012, the company reported net income of $88,439,000, or $0.53 per share, on consolidated revenues of $283,952,000.
For more information visit www.bergamoenergy.com
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Herzog later was introduced to a large public solar energy company and formed an association in the Far East to address the region’s energy plights. Now, Bergamo is a Henderson, Nevada-based global investor pursuing opportunities for sole acquisition and co-investment alongside other investors, such as private equity funds, hedge funds, investment banks, and other institutions. The company has affiliate offices in Europe and Asia.
In regards to project development in these areas, Herzog says the main challenge is getting foreign investors to bring their money into the United States amid tightened regulation and a daunting tax structure.
Hillard saw this challenge as an opportunity and approached investment partners outside the United States with the proposition of a financial structure that would allow them to invest in the development of renewable energy projects. Bergamo’s solution is to acquire an established company with a proven track record in, say Europe, and structure that entity as a holding company that can invest in the United States on an equitable tax-free basis.
Fast-forward to-date and Bergamo has done just that. Bergamo’s financial partners include top multi-national corporations and government organizations. The company sources and provides equipment, develops technology, and offers turnkey solutions to developers, utilities, water districts, power plant owners, and industrial customers.
In conjunction with its 60% owned subsidiary located in Miami, the company has developed a Solar Generator for homes, apartment buildings, and airports. The company also offers a solar-operated tube well water pumping system equipped with universal invertors that enable existing pumps running on electric power to run on solar power. The company’s team is working to introduce this product in areas with over-stressed energy grids, such as Asia, Africa, and the Middle East.
In May 2012 Bergamo acquired a 100% stake in a European entity for its investing strategies utilizing the EURO currency. This European facility acquires small, undercapitalized companies and banks in the United States.
Bergamo keeps the names and locations of its subsidiaries hush hush, per non-disclosure agreements, but it’s something the CEO says he’s working to change. The company’s subsidiaries prefer anonymity to stay away from the attention and scrutiny in the United States since they are providing equity money, not lending money, though Herzog said he is working to substantiate the company’s financial statements.
“My concern is … to prove to our shareholders that our stock is very undervalued and prove to them that they’ve made a proper investment and reward them for what they’ve done in terms of confidence in investing in our company and in myself personally. It’s my job to see to it that each and every shareholder, including myself and any of my associates and any of our foreign subsidiaries all share in the profitability in what I believe we have,” Herzog stated in a recent radio interview.
For the period from January 1, 2012, through September 17, 2012, the company reported net income of $88,439,000, or $0.53 per share, on consolidated revenues of $283,952,000.
For more information visit www.bergamoenergy.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The QualityStocks Daily Blog http://blog.qualitystocks.net
The QualityStocks Video Charts http://videocharts.qualitystocks.net
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Cardium Therapeutics, Inc. (CXM) Acquisition of To Go Brands Further Taps Growing Supplements Market
The recent acquisition by Cardium Therapeutics, a health sciences and regenerative medicine company, of To Go Brands, a private California-based nutraceutical company, is in line with Cardium’s strategy of accelerating the growth and development of their own MedPodium health supplements platform. MedPodium is Cardium’s portfolio of science-based nutraceuticals, metabolics, and aesthetics, designed to promote healthy lifestyle interests such as enhancing energy, cognition, mood, sleep, weight management, fitness, and aesthetics. The acquisition provides Cardium with a greatly expanded marketing and distribution network, together with an established line of compatible products.
To Go Brands has developed and sells 25 health supplement related products, including 100% natural antioxidant rich drink mixes with organic ingredients, in various forms for easy use, along with capsule-based dietary supplements. Their products are sold online, and in a wide range of retail stores, such as Kroger, Whole Foods, GNC, Hi-Health, Vitamin World, and many others. To Go Brands sales for the first 6 months of 2012 totaled $1.7 million.
The acquisition also brings Cardium an experienced management team with key contacts, and a successful record of developing and taking to market new health products through different channels. The agreement calls for To Go Brands to coordinate Cardium’s MedPodium line, using To Go Brands’ established logistics and distribution capabilities. They will also work with Cardium’s strategic investment in SourceOne Global Partners, a leading supplier of science-based ingredients and proprietary formulas to the national supplement and functional food and beverage industries.
Cardium CEO, Christopher J. Reinhard, commented on the growth of the supplements market: “According to a new industry report, U.S. supplement sales are estimated to total $11.5 billion in 2012 and are projected to reach $15.5 billion by 2017. The success of products like Five Hour Energy® have shown that the nutraceutical space has the potential to generate billion dollar products without the extensive regulatory and other hurdles biologics and pharmaceuticals face.”
For additional information, visit www.CardiumTHX.com
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To Go Brands has developed and sells 25 health supplement related products, including 100% natural antioxidant rich drink mixes with organic ingredients, in various forms for easy use, along with capsule-based dietary supplements. Their products are sold online, and in a wide range of retail stores, such as Kroger, Whole Foods, GNC, Hi-Health, Vitamin World, and many others. To Go Brands sales for the first 6 months of 2012 totaled $1.7 million.
The acquisition also brings Cardium an experienced management team with key contacts, and a successful record of developing and taking to market new health products through different channels. The agreement calls for To Go Brands to coordinate Cardium’s MedPodium line, using To Go Brands’ established logistics and distribution capabilities. They will also work with Cardium’s strategic investment in SourceOne Global Partners, a leading supplier of science-based ingredients and proprietary formulas to the national supplement and functional food and beverage industries.
Cardium CEO, Christopher J. Reinhard, commented on the growth of the supplements market: “According to a new industry report, U.S. supplement sales are estimated to total $11.5 billion in 2012 and are projected to reach $15.5 billion by 2017. The success of products like Five Hour Energy® have shown that the nutraceutical space has the potential to generate billion dollar products without the extensive regulatory and other hurdles biologics and pharmaceuticals face.”
For additional information, visit www.CardiumTHX.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The QualityStocks Daily Blog http://blog.qualitystocks.net
The QualityStocks Video Charts http://videocharts.qualitystocks.net
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