National Graphite is positioning itself quite well for huge upcoming moves in the underlying supply/consumption dynamics of the graphite industry, with substantial acreage up in the rich Canadian flake in Quebec, as well as their Chedic Graphite Property in Nevada. The company reported some strong assay results today from sampling taken at the main Chedic production pit, showing a 25-40% grade with the potential to bring in over 1M tons of high-quality graphite.
Independent Geologist contracted by NGRC, John Rud, cited the recent geophysical survey data which showed a target well over 1,500 feet deep ranging from 50 to 150 feet wide, not including the new anomaly, as a strong lead-in indicator of the mineral potential here. Carefully targeted drilling under the soon to be permitted program will be ferreting out the true potential of this exciting site, consisting of 20 mineral lode claims just four miles outside Carson City. The continuous enriched structure was originally started back in the 1900′s with very minimal production ever done and now looks to be richer than ever imagined.
The forthcoming drilling will examine several low resistivity anomalies to the east which represent a clear extension capability for the main production area. Rud noted that the localized geology at Chedic, taken in concert with today’s findings and the existing analytical work, makes the entire project “extremely compelling.” The company obviously has a nice, large, second zone opening up here.
The first anomaly to the east (820 feet from the pit) runs alongside an exploration trench that exposed graphite mineralization and is roughly 1,640 feet or more deep, in excess of 160 feet wide (with a second anomaly detected just north indicating the true width of mineralization may be three times higher at around 490 plus feet). A second drill target just under 1k feet further over plunges to a depth of 1.2k feet at over 100-foot widths. National Graphite’s drilling program will fully probe the relevant anomalies, with a keen eye towards determining the overall grade in both.
Demand for graphite is set to jump 10-12% per year in battery manufacturing alone (Natural & Synthetic Graphite: Global industry markets & outlook, 8th edition 2012). You take into account delimiting of exports by top producer China and a massive future in nanotech where the demand for graphene will be through the roof and you have a perfect logistical storm that benefits small, domestic graphite producers like NGRC.
The company also maintains the Black Butte Project (silver-gold) outside Hawthorne, NV, which has some solid secondary target/indicator metals and clear indications that the relatively limited extant workings are the top of a larger epithermal quartz vein system.
For more information on National Graphite, visit www.NationalGraphiteCorp.com
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Friday, November 30, 2012
Command Center, Inc. (CCNI) Notches Significant Improvement in November, YTD Sales
Command Center, a nationwide provider of on-demand and temporary staffing solutions, today reported significant increases in its November and year-to-date 2012 revenues.
Revenue for the four-week reporting period of November 2012 increased 38 percent to $8.34, as compared to revenue of $6.05 million for the comparable period of 2011.
Year-to-date, Command Center has recorded revenue of $89.53 million, an increase of 19 percent, as compared to $75.06 million in revenues reported for the comparable year-ago period.
Command Center attributes its sales growth to the opening of seven stores in the course of a year, which now stand at 59 company-owned stores vs. 52 stores one year ago.
Revenues were also strengthened by the company’s disaster relief activities in New York and New Jersey in the wake of Hurricane Sandy. Command Center said it continues to be actively involved in assisting the areas’ recovery efforts by dispatching between 200-500 workers each day, for six or seven days every week.
During the month of November, Command Center also opened a new branch office, the second in the Phoenix area, which allows the company to focus primarily on placing personnel in the construction trades.
“Expansion over the past year into new areas like disaster relief has provided the catalyst for greater stability in our revenue growth, particularly coming into the current quarter. And the opening of the new Phoenix construction trades office points to our continued focus on identifying and taking advantage of niche market opportunities,” Command Center’s chairman and CEO, Glenn Welstad stated in the press release. “We look forward to strong fourth quarter results and a record year in 2013.”
For more information visit www.commandonline.com
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Revenue for the four-week reporting period of November 2012 increased 38 percent to $8.34, as compared to revenue of $6.05 million for the comparable period of 2011.
Year-to-date, Command Center has recorded revenue of $89.53 million, an increase of 19 percent, as compared to $75.06 million in revenues reported for the comparable year-ago period.
Command Center attributes its sales growth to the opening of seven stores in the course of a year, which now stand at 59 company-owned stores vs. 52 stores one year ago.
Revenues were also strengthened by the company’s disaster relief activities in New York and New Jersey in the wake of Hurricane Sandy. Command Center said it continues to be actively involved in assisting the areas’ recovery efforts by dispatching between 200-500 workers each day, for six or seven days every week.
During the month of November, Command Center also opened a new branch office, the second in the Phoenix area, which allows the company to focus primarily on placing personnel in the construction trades.
“Expansion over the past year into new areas like disaster relief has provided the catalyst for greater stability in our revenue growth, particularly coming into the current quarter. And the opening of the new Phoenix construction trades office points to our continued focus on identifying and taking advantage of niche market opportunities,” Command Center’s chairman and CEO, Glenn Welstad stated in the press release. “We look forward to strong fourth quarter results and a record year in 2013.”
For more information visit www.commandonline.com
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Viscount Systems, Inc. (VSYS) is “One to Watch”
Viscount Systems designs, manufactures, and services access control and security products such as door access control systems and emergency communications systems. The company’s products have been installed in approximately 35,000 sites in over 30 countries, including prisons, schools, hospitals, and corporate offices.
Designing security systems since 1969, the company has developed strategic working relationships with leading equipment vendors to support its continued profitability and growth. Viscount has been consistently profitable for nearly 15 years and currently generates annual revenues of approximately $5 million.
Five hundred dealers help distribute Viscount’s existing products throughout North America. This distribution network is not static as the company constantly pursues additional sales channels. Products are advertised in various print publications and regularly displayed at tradeshows as well. Direct marketing via training seminars also helps drive sales.
Viscount’s management team has more than 60 years of combined experience in the development and production of electronic door control and telecommunication systems. Under this leadership, the SIA Convergence Solution of the Year accolade and Platinum Award for Emergency Response and Gold Award for Access Control at the Government Security Awards (GOVSEC) for 2011 have been presented to the company.
For more information, visit www.viscount.com
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Designing security systems since 1969, the company has developed strategic working relationships with leading equipment vendors to support its continued profitability and growth. Viscount has been consistently profitable for nearly 15 years and currently generates annual revenues of approximately $5 million.
Five hundred dealers help distribute Viscount’s existing products throughout North America. This distribution network is not static as the company constantly pursues additional sales channels. Products are advertised in various print publications and regularly displayed at tradeshows as well. Direct marketing via training seminars also helps drive sales.
Viscount’s management team has more than 60 years of combined experience in the development and production of electronic door control and telecommunication systems. Under this leadership, the SIA Convergence Solution of the Year accolade and Platinum Award for Emergency Response and Gold Award for Access Control at the Government Security Awards (GOVSEC) for 2011 have been presented to the company.
For more information, visit www.viscount.com
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Synergy Resources Corp. (SYRG) Expands Line of Credit from Colorado Banks to $47 Million
Synergy Resources is a domestic oil and natural gas exploration and production company. Its focus currently is on the Denver-Julesberg Basin, which encompasses areas in the states of Colorado, Wyoming, Nebraska, and Kansas. The Watterberg Field in the Basin ranks as one of the most productive fields in the United States.
The company reported today that it has amended its revolving line of credit agreement with an expanded syndicate group comprised of Community Banks of Colorado, Colorado Business Bank, and Amegy Bank National. Synergy’s long-term debt totaled roughly $3 million at fiscal year-end on August 31, 2012.
The amended terms of the agreement includes an increase to $47 million in the borrowing base versus $30 million under the prior agreement. The maximum amount of borrowing power available to Synergy under the new agreement is $150 million. This amount is subject to certain borrowing base collateral requirements, which will be reviewed by the syndicate banks every six months. The maximum interest rate on the line of credit is LIBOR plus 3.25%. The term of the line of credit has been extended to mature in November 2016.
Synergy Resources anticipates using this expanded credit line to complete the acquisition of Orr Energy, which was announced on October 23, 2012. This transaction is expected to close in early December. The company will also tap the credit line to fund part of its fiscal 2013 capital expenditure budget.
For further information about Synergy Resources and its exploration projects, visit www.syrginfo.com
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The company reported today that it has amended its revolving line of credit agreement with an expanded syndicate group comprised of Community Banks of Colorado, Colorado Business Bank, and Amegy Bank National. Synergy’s long-term debt totaled roughly $3 million at fiscal year-end on August 31, 2012.
The amended terms of the agreement includes an increase to $47 million in the borrowing base versus $30 million under the prior agreement. The maximum amount of borrowing power available to Synergy under the new agreement is $150 million. This amount is subject to certain borrowing base collateral requirements, which will be reviewed by the syndicate banks every six months. The maximum interest rate on the line of credit is LIBOR plus 3.25%. The term of the line of credit has been extended to mature in November 2016.
Synergy Resources anticipates using this expanded credit line to complete the acquisition of Orr Energy, which was announced on October 23, 2012. This transaction is expected to close in early December. The company will also tap the credit line to fund part of its fiscal 2013 capital expenditure budget.
For further information about Synergy Resources and its exploration projects, visit www.syrginfo.com
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Loans4Less.com, Inc. (LFLS) Positioned to Benefit from Growing Housing Demand
What a difference a year can make. Toward the end of 2011, the real estate market, and all of the industries that depended upon it, were struggling as perhaps never before in history, and it seemed like the housing slump would continue forever. Housing prices had dropped again in 2011, though not by much, and nothing compared to the double digit losses experienced earlier in the recession.
By some measures, housing prices finally hit a low in February of 2012, and then began to show some life, initiating quarterly rises that continue today. It was the end of a 5-year slide that began back in early 2007. Most recently, the Federal Housing Finance Agency’s seasonally adjusted purchase-only house price index rose by 1.1 percent from the 2nd quarter to the 3rd quarter of 2012. Over the latest four quarters, the index is up 3.3 percent.
The earlier flood in housing inventory is now just a memory, with supply beginning to tread historic lows, down most recently by 17% year-over-year in October 2012. Delinquency rates have also dropped year-over-year and existing home sales are rising. Housing production is also up, though fed more by multi-unit properties, with builder confidence hitting a post crisis high.
This is all exceptional news for real estate based companies such as growing online mortgage loan broker Loans4Less.com. Although the real estate industry is a lot thinner than it used to be, those companies that are around now face a wealth of pent up demand, moderated only by the stricter mortgage policies now in place. And these policies are not as much of a challenge to Loans4Less, which focuses on “A” paper loans. Moreover, the fire is being further stoked by historically low mortgage interest rates.
For more information, visit www.Loans4Less.com
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By some measures, housing prices finally hit a low in February of 2012, and then began to show some life, initiating quarterly rises that continue today. It was the end of a 5-year slide that began back in early 2007. Most recently, the Federal Housing Finance Agency’s seasonally adjusted purchase-only house price index rose by 1.1 percent from the 2nd quarter to the 3rd quarter of 2012. Over the latest four quarters, the index is up 3.3 percent.
The earlier flood in housing inventory is now just a memory, with supply beginning to tread historic lows, down most recently by 17% year-over-year in October 2012. Delinquency rates have also dropped year-over-year and existing home sales are rising. Housing production is also up, though fed more by multi-unit properties, with builder confidence hitting a post crisis high.
This is all exceptional news for real estate based companies such as growing online mortgage loan broker Loans4Less.com. Although the real estate industry is a lot thinner than it used to be, those companies that are around now face a wealth of pent up demand, moderated only by the stricter mortgage policies now in place. And these policies are not as much of a challenge to Loans4Less, which focuses on “A” paper loans. Moreover, the fire is being further stoked by historically low mortgage interest rates.
For more information, visit www.Loans4Less.com
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Flexpoint Sensor Systems, Inc. (FLXT) Releases Series of Promotional Videos
Flexpoint Sensor Systems recently announced that a series of professional promotional videos is now available on the company’s YouTube page. The videos promote the company’s Bend Sensor® technology’s features, advantages, and market potential. Interested parties can access the videos at http://www.youtube.com/user/FlexpointSensor. Flexpoint anticipates that the videos will prove useful as the company expands and gains momentum.
As of Thursday, the company’s YouTube account boasts seven new videos that show the basic manufacturing process and feature demonstrations of how the technology is used in various applications. The videos also highlight a broad range of sensor variations in order to give viewers a sense of the versatility of the technology.
The videos are part of the company’s effort to overhaul its website and represent the latest efforts in Flexpoint’s ongoing marketing push. The YouTube account also contains links to videos uploaded by different users of Bend Sensor® technology. Most of these other videos were shot on low-resolution cameras purely for demonstration purposes and are not considered part of Flexpoint’s formal marketing campaign.
Flexpoint CEO, Clark Mower remarked, “The Bend Sensor® can be challenging to fully describe and its unique features and advantages often only become apparent when we are able to demonstrate the technology in person. With these videos, we aimed to recreate the experience of sitting down with us here at our offices for a full hands-on demonstration. We think these videos do a nice job of providing the basics of what the technology can do and clarify how it is being utilized in various products. Whenever individuals get a vivid sense of what the Bend Sensor® is capable of, they invariably begin to generate new ideas for how it can be used. These videos should help get those creative wheels turning and we are excited to see the responses we get as more and more people see them.”
For more information, visit www.flexpoint.com
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As of Thursday, the company’s YouTube account boasts seven new videos that show the basic manufacturing process and feature demonstrations of how the technology is used in various applications. The videos also highlight a broad range of sensor variations in order to give viewers a sense of the versatility of the technology.
The videos are part of the company’s effort to overhaul its website and represent the latest efforts in Flexpoint’s ongoing marketing push. The YouTube account also contains links to videos uploaded by different users of Bend Sensor® technology. Most of these other videos were shot on low-resolution cameras purely for demonstration purposes and are not considered part of Flexpoint’s formal marketing campaign.
Flexpoint CEO, Clark Mower remarked, “The Bend Sensor® can be challenging to fully describe and its unique features and advantages often only become apparent when we are able to demonstrate the technology in person. With these videos, we aimed to recreate the experience of sitting down with us here at our offices for a full hands-on demonstration. We think these videos do a nice job of providing the basics of what the technology can do and clarify how it is being utilized in various products. Whenever individuals get a vivid sense of what the Bend Sensor® is capable of, they invariably begin to generate new ideas for how it can be used. These videos should help get those creative wheels turning and we are excited to see the responses we get as more and more people see them.”
For more information, visit www.flexpoint.com
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ModusLink Global Solutions, Inc. (MLNK) Wins 4th Green Supply Chain Award
ModusLink Global Solutions recently announced that the company has won recognition, for the fourth consecutive year, at Supply & Demand Chain Executive Magazine’s 2012 Green Supply Chain Awards. An award was won for helping a partner achieve a reduction in packaging design.
ModusLink is focused on providing supply chain logistics services to help improve their clients’ revenue, cost, sustainability, and customer experience objectives. ModusLink has clients in such diverse industries as consumer electronics, communications, computing, medical devices, software, luxury goods, and retail, while supporting more than $80 billion of its clients’ revenue. The company manages approximately 470 million product shipments through more than 30 sites in 15 countries.
The Supply & Demand Chain Executive Magazine award was won by helping a ModusLink client reduce the packaging material of its line of flash memory products, including USB and USB Mini devices, SD cards, and Micro SD cards. The goal of the project was to reduce greenhouse gas emissions as well as the volume of packaging material and shipping costs. The new packaging design resulted in a 50 – 80% reduction of paper use, 50% reduction in plastics, 157% average increase in pallet density for shipping, and a 45% reduction in shipping costs.
“A key challenge that many companies encounter in their sustainability efforts is the difficulty that comes with changing business as usual,” said Lorcan Sheehan, senior vice president of marketing, ModusLink. “An example in this case was the entrenched belief that each product should be accompanied by a comprehensive product manual. Our packaging engineers worked to find an innovative solution that allowed for printing instructions directly onto the blister pack. We helped the client meet its aggressive sustainability goals by eliminating the separate manual, but also took into account the company’s need to ensure all necessary product information was readily available to consumers.”
For more information, visit www.moduslink.com
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ModusLink is focused on providing supply chain logistics services to help improve their clients’ revenue, cost, sustainability, and customer experience objectives. ModusLink has clients in such diverse industries as consumer electronics, communications, computing, medical devices, software, luxury goods, and retail, while supporting more than $80 billion of its clients’ revenue. The company manages approximately 470 million product shipments through more than 30 sites in 15 countries.
The Supply & Demand Chain Executive Magazine award was won by helping a ModusLink client reduce the packaging material of its line of flash memory products, including USB and USB Mini devices, SD cards, and Micro SD cards. The goal of the project was to reduce greenhouse gas emissions as well as the volume of packaging material and shipping costs. The new packaging design resulted in a 50 – 80% reduction of paper use, 50% reduction in plastics, 157% average increase in pallet density for shipping, and a 45% reduction in shipping costs.
“A key challenge that many companies encounter in their sustainability efforts is the difficulty that comes with changing business as usual,” said Lorcan Sheehan, senior vice president of marketing, ModusLink. “An example in this case was the entrenched belief that each product should be accompanied by a comprehensive product manual. Our packaging engineers worked to find an innovative solution that allowed for printing instructions directly onto the blister pack. We helped the client meet its aggressive sustainability goals by eliminating the separate manual, but also took into account the company’s need to ensure all necessary product information was readily available to consumers.”
For more information, visit www.moduslink.com
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PFSweb, Inc. (PFSW) Reports Record Customer Traffic Volumes for Clients at the Outset of the 2012 Holiday Shopping Season
International provider of end-to-end e-commerce solutions PFSweb has announced record consumer traffic and order volumes for the beginning of the 2012 holiday shopping season for its North American End2End consumer packaged goods (CPG), luxury, cosmetic, and apparel clients’ e-commerce direct-to-consumer (E2E DTC) brand sites.
During the course of the Thanksgiving period (Nov. 22 to Nov. 26, including Black Friday and Cyber Monday), PFSweb’s CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand sites in North America received around 364,000 customer orders, with an average order value of more than $102. The company’s client Web sites additionally experienced robust customer traffic, logging approximately 8 million total sessions, which included around 3.7 million new visitors.
On the whole, PFSweb’s North American CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand sites also reported strong same-store-order volumes as compared with the similar period for 2011. This included a 69 percent increase in total customer orders and a 45 percent increase in new visitors. The same-store sales data encompasses data from the CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand e-commerce sites that were operating during the 2011 and 2012 holiday shopping seasons and were supported by PFSweb during both time periods.
As PFSweb anticipated in its operational plans and financial forecasts, the 2012 holiday online retail season in the United States has shown significant improvement over 2011. Infrastructure and technology investments made by PFSweb this year have produced measurable operation benefits for the company and its clients as PFSweb scales its solution to help clients capitalize on the season’s sales opportunities.
PFSweb is engaged in enabling the e-commerce initiatives of iconic brands. The company’s End2End e-commerce solution features interactive marketing services, strong e-commerce technology, global fulfillment and logistics, high-touch customer care, financial services, and order management. The company’s e-commerce solutions offer international reach and expertise in both direct-to-consumer and business-to-business initiatives, supporting organizations across various industries. Headquartered in Allen, Texas, PFSweb has additional locations in Tennessee, Mississippi, Canada, Belgium, and the Philippines.
For more information, visit www.PFSweb.com
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During the course of the Thanksgiving period (Nov. 22 to Nov. 26, including Black Friday and Cyber Monday), PFSweb’s CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand sites in North America received around 364,000 customer orders, with an average order value of more than $102. The company’s client Web sites additionally experienced robust customer traffic, logging approximately 8 million total sessions, which included around 3.7 million new visitors.
On the whole, PFSweb’s North American CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand sites also reported strong same-store-order volumes as compared with the similar period for 2011. This included a 69 percent increase in total customer orders and a 45 percent increase in new visitors. The same-store sales data encompasses data from the CPG, luxury, cosmetic, and apparel E2E DTC clients’ brand e-commerce sites that were operating during the 2011 and 2012 holiday shopping seasons and were supported by PFSweb during both time periods.
As PFSweb anticipated in its operational plans and financial forecasts, the 2012 holiday online retail season in the United States has shown significant improvement over 2011. Infrastructure and technology investments made by PFSweb this year have produced measurable operation benefits for the company and its clients as PFSweb scales its solution to help clients capitalize on the season’s sales opportunities.
PFSweb is engaged in enabling the e-commerce initiatives of iconic brands. The company’s End2End e-commerce solution features interactive marketing services, strong e-commerce technology, global fulfillment and logistics, high-touch customer care, financial services, and order management. The company’s e-commerce solutions offer international reach and expertise in both direct-to-consumer and business-to-business initiatives, supporting organizations across various industries. Headquartered in Allen, Texas, PFSweb has additional locations in Tennessee, Mississippi, Canada, Belgium, and the Philippines.
For more information, visit www.PFSweb.com
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Thursday, November 29, 2012
Santa Fe Gold Corp. (SFEG) Hits Bonanza Grade Mineralization While Working Summit Mine, Strong Indicator for Extension Northwest
Santa Fe Gold, the ambitious and relatively young mineral developer focused primarily on their flagship Summit silver-gold project (including the underground mine and surrounding 117 patented acres, and 740 unpatented acres) and the associated Banner milling facility in Lordsburg, was overjoyed to report bonanza-grade gold and silver values occurring over mineable widths at Summit today.
We are talking grades of 7.73 opt Au and 269.75 opt Ag, the best results thus far to be pulled at the project. It’s a clear indication that the northern edge of the currently defined resource (especially in light of ongoing explorative work) where the assay material was pulled shows abundant potential for expansion. SFEG is looking at being able to expand northwest along-strike now through high-grade gold and silver, having kicked up this superb news while pursuing the 5600 level of the N-1 ore block.
VP of Operations for SFEG, John White, noted how these findings roundly confirm the company’s model for the N-1 mineralization and have created a great deal of exuberance at SFEG, instilling confidence in the procedural northwesterly movement to the point where the men are actually hungry to get at the metal. The epithermal vein system pattern for Summit is well known to all and here we have solid indicators that digging out more of the NW area will lead to additional high-grade mineralization outside currently identified resources. This could be huge for SFEG and the realization that such additional production potential is within reach has had an electrifying effect on people.
Hitting this kind of potential while working your way through the material is a real boon for SFEG, and though the current assay bonanza returns are likely more highly localized, it is precisely this sort of localized mineralization that is a classic hallmark of epithermal vein systems in this geology. The assays results were encountered near a surface drill hole intersection that returned an 11.4 foot true width at 0.214 opt Au and 16.42 opt Ag, with face channel samples from a three consecutive round interval showing an average of 2.14 opt Au and 82.68 opt Ag over 12.7 feet. An additional 6-foot interval from the same zone yielded the brilliant 7.73 opt Au and 269.75 opt Ag figures.
SFEG will also continue drift development below the 5300 level as they edge towards the high grade stuff down on the 5080 level, a progress target which the company anticipates hitting by the middle of next year. There is plenty of mining to be done within the broad, structurally controlled zone of epithermal mineralization bearing volcanic rock (hydrothermally altered) at Summit and the company has five years of ore reserve just in the main footwall zone (some 618k tons at 0.143 opt Au and 10.78 opt Ag).
Production, discoveries that align with a clear geology model for the mineralization, and growing reserves; it’s a recipe for success and SFEG has their sights set on the big time, with everyone across the company’s asset portfolio driving hard to make Santa Fe the next major player in precious metals development.
For more information on Santa Fe Gold, visit www.SantaFeGoldCorp.com
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We are talking grades of 7.73 opt Au and 269.75 opt Ag, the best results thus far to be pulled at the project. It’s a clear indication that the northern edge of the currently defined resource (especially in light of ongoing explorative work) where the assay material was pulled shows abundant potential for expansion. SFEG is looking at being able to expand northwest along-strike now through high-grade gold and silver, having kicked up this superb news while pursuing the 5600 level of the N-1 ore block.
VP of Operations for SFEG, John White, noted how these findings roundly confirm the company’s model for the N-1 mineralization and have created a great deal of exuberance at SFEG, instilling confidence in the procedural northwesterly movement to the point where the men are actually hungry to get at the metal. The epithermal vein system pattern for Summit is well known to all and here we have solid indicators that digging out more of the NW area will lead to additional high-grade mineralization outside currently identified resources. This could be huge for SFEG and the realization that such additional production potential is within reach has had an electrifying effect on people.
Hitting this kind of potential while working your way through the material is a real boon for SFEG, and though the current assay bonanza returns are likely more highly localized, it is precisely this sort of localized mineralization that is a classic hallmark of epithermal vein systems in this geology. The assays results were encountered near a surface drill hole intersection that returned an 11.4 foot true width at 0.214 opt Au and 16.42 opt Ag, with face channel samples from a three consecutive round interval showing an average of 2.14 opt Au and 82.68 opt Ag over 12.7 feet. An additional 6-foot interval from the same zone yielded the brilliant 7.73 opt Au and 269.75 opt Ag figures.
SFEG will also continue drift development below the 5300 level as they edge towards the high grade stuff down on the 5080 level, a progress target which the company anticipates hitting by the middle of next year. There is plenty of mining to be done within the broad, structurally controlled zone of epithermal mineralization bearing volcanic rock (hydrothermally altered) at Summit and the company has five years of ore reserve just in the main footwall zone (some 618k tons at 0.143 opt Au and 10.78 opt Ag).
Production, discoveries that align with a clear geology model for the mineralization, and growing reserves; it’s a recipe for success and SFEG has their sights set on the big time, with everyone across the company’s asset portfolio driving hard to make Santa Fe the next major player in precious metals development.
For more information on Santa Fe Gold, visit www.SantaFeGoldCorp.com
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Pazoo.com, Inc. (PZOO) to Get Comprehensive Facelift with iBuild Media Partnership
Online health and wellness social community Pazoo has signed a Web development deal with iBuild Media LLC to boost Pazoo’s online capabilities, presence, feel, and user interactivity.
Pazoo’s goal is to provide its users with information, services, and products designed to improve overall health and wellness. Pazoo anticipates that the agreement will drive a dramatic increase in site traffic, which the company hopes will result in advertising revenue, increased sales, and an increase in awareness for its panel of online experts.
iBuild’s part in this goal is to enhance Pazoo.com through site redesign, site optimization, and content optimization. The current Pazoo.com Web site will be replaced with a site that features total health and wellness feel for people and their pets, and will feature a live chat room that directs the site primarily into a health and wellness social community and platform.
In addition, the e-commerce portion of Pazoo.com will be revamped and have new placement on the Pazoo.com Web site.
“We have a strong corporate business model and I am excited about the fact that we have moved forward with the contract with iBuild Media,” David M. Cunic, CEO of Pazoo stated in the press release. “Pazoo and iBuild Media will put together an online presence that will greatly enhance the end users’ interactivity and knowledge about health and wellness. We are very happy that this online pillar of our business model is coming along so quickly.”
For more information visit www.pazoo.com
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Pazoo’s goal is to provide its users with information, services, and products designed to improve overall health and wellness. Pazoo anticipates that the agreement will drive a dramatic increase in site traffic, which the company hopes will result in advertising revenue, increased sales, and an increase in awareness for its panel of online experts.
iBuild’s part in this goal is to enhance Pazoo.com through site redesign, site optimization, and content optimization. The current Pazoo.com Web site will be replaced with a site that features total health and wellness feel for people and their pets, and will feature a live chat room that directs the site primarily into a health and wellness social community and platform.
In addition, the e-commerce portion of Pazoo.com will be revamped and have new placement on the Pazoo.com Web site.
“We have a strong corporate business model and I am excited about the fact that we have moved forward with the contract with iBuild Media,” David M. Cunic, CEO of Pazoo stated in the press release. “Pazoo and iBuild Media will put together an online presence that will greatly enhance the end users’ interactivity and knowledge about health and wellness. We are very happy that this online pillar of our business model is coming along so quickly.”
For more information visit www.pazoo.com
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Bluefly, Inc. (BFLY) Names New Chief Financial Officer
Bluefly is a leading online retailer of fashion brands, fashion trends, and superior value. In 2011, the company added to its portfolio by launching Belle & Clive, a members-only shopping destination that presents selections of top brands via limited-time sales.
The company announced today that James Gallagher has joined Bluefly as its Chief Financial Officer. He comes to Bluefly with over 33 years of extensive financial, strategic, and operations experience with growth-oriented international, entrepreneurial, and corporate entities across a broad range of industries. These industries included internet-focused marketing, e-commerce, entertainment, and technology.
Most recently, Mr. Gallagher was CFO at Vertro, an internet search engine, marketing, and technology company that manages a network of websites. It also builds and markets browser-based consumer applications. Prior to his stint at Vertro, Mr. Gallagher owned and operated Gallagher Enterprises, a strategic financial and management consulting firm he founded in 2001. It provided strategic consulting on financial and operational issues as well as structuring and funding resources to start-ups and high-growth companies with revenues up to $150 million.
Prior to Gallagher Enterprises, he held senior financial and operations positions at a number of growth oriented entrepreneurial entities including technology firms such as VRex, Viz-rt, Infocus Employee Services, Medsite, Reiss Media Enterprises, Sony Music Entertainment, and the accounting and consulting firm of Arthur Anderson.
Bluefly’s CEO Joseph C. Park commented on the hiring of James Gallagher, “We believe that adding James to our executive team will enable us to better capitalize on strategic and growth opportunities at this exciting time in our company’s evolution.”
For additional information about Bluefly, visit www.bluefly.com
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The company announced today that James Gallagher has joined Bluefly as its Chief Financial Officer. He comes to Bluefly with over 33 years of extensive financial, strategic, and operations experience with growth-oriented international, entrepreneurial, and corporate entities across a broad range of industries. These industries included internet-focused marketing, e-commerce, entertainment, and technology.
Most recently, Mr. Gallagher was CFO at Vertro, an internet search engine, marketing, and technology company that manages a network of websites. It also builds and markets browser-based consumer applications. Prior to his stint at Vertro, Mr. Gallagher owned and operated Gallagher Enterprises, a strategic financial and management consulting firm he founded in 2001. It provided strategic consulting on financial and operational issues as well as structuring and funding resources to start-ups and high-growth companies with revenues up to $150 million.
Prior to Gallagher Enterprises, he held senior financial and operations positions at a number of growth oriented entrepreneurial entities including technology firms such as VRex, Viz-rt, Infocus Employee Services, Medsite, Reiss Media Enterprises, Sony Music Entertainment, and the accounting and consulting firm of Arthur Anderson.
Bluefly’s CEO Joseph C. Park commented on the hiring of James Gallagher, “We believe that adding James to our executive team will enable us to better capitalize on strategic and growth opportunities at this exciting time in our company’s evolution.”
For additional information about Bluefly, visit www.bluefly.com
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Growing Coal with VIASPACE, Inc. (VSPC)
Coal and other fossil fuels have been the energy foundation of the industrialized world, providing the power to essentially move the earth, allowing us to reorganize virtually everything to suit our own perceived purposes. But all of this energy comes from someplace, and that someplace is the sun, or, more specifically, the sun from millions of years ago. In the case of coal, it comes from plants that captured solar energy, were ultimately buried, and are now being dug up in the form of coal to release that stored up energy. (It’s much the same with oil, except that oil comes primarily from the remains of ancient animals that ate some of those plants.) These fossil fuels are efficient and convenient stores of energy, ready to burn whenever and wherever needed, including in power plants where coal is used to generate nearly half of all the electricity produced.
But more than energy is released when coal or other fossil fuels are burned, and therein lies the problem. When those plants were living things, they also captured carbon from the air, using the sun’s energy to combine carbon with hydrogen to form the compounds that eventually became coal. When coal is burned, that ancient carbon is released back into the atmosphere in the form of carbon dioxide (CO2), the greenhouse gas that is causing so much consternation today. Going through the massive process of shutting down all of those coal-fired power plants, and bringing online wind or solar or other renewable sources is daunting and expensive. Power plants based on combustion are a tried and true technology all over the world, not requiring sunny or windy days to operate efficiently, but coal is also the single biggest air polluter.
Viaspace, a renewable energy company, has found a way for the world to continue enjoying the proven convenience and dependability of combustion-based electricity with none of the downside. Viaspace is the proprietary holder of Giant King Grass, one of the highest yielding biomass crops in the world. Rather than using unpredictable and difficult to transport waste materials for renewable power sources, the idea is to use Giant King Grass as a dedicated and controllable energy source. In various parts of the world, it can be grown right alongside the power plants it is designed to feed, or it can be pelletized for easy transport anywhere it is needed. But, most importantly, Giant King Grass is carbon neutral, meaning that the CO2 emitted when burned is offset by the absorption of CO2 during its growth. In effect, Viaspace is able to grow its own coal.
For more information, visit www.viaspace.com
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But more than energy is released when coal or other fossil fuels are burned, and therein lies the problem. When those plants were living things, they also captured carbon from the air, using the sun’s energy to combine carbon with hydrogen to form the compounds that eventually became coal. When coal is burned, that ancient carbon is released back into the atmosphere in the form of carbon dioxide (CO2), the greenhouse gas that is causing so much consternation today. Going through the massive process of shutting down all of those coal-fired power plants, and bringing online wind or solar or other renewable sources is daunting and expensive. Power plants based on combustion are a tried and true technology all over the world, not requiring sunny or windy days to operate efficiently, but coal is also the single biggest air polluter.
Viaspace, a renewable energy company, has found a way for the world to continue enjoying the proven convenience and dependability of combustion-based electricity with none of the downside. Viaspace is the proprietary holder of Giant King Grass, one of the highest yielding biomass crops in the world. Rather than using unpredictable and difficult to transport waste materials for renewable power sources, the idea is to use Giant King Grass as a dedicated and controllable energy source. In various parts of the world, it can be grown right alongside the power plants it is designed to feed, or it can be pelletized for easy transport anywhere it is needed. But, most importantly, Giant King Grass is carbon neutral, meaning that the CO2 emitted when burned is offset by the absorption of CO2 during its growth. In effect, Viaspace is able to grow its own coal.
For more information, visit www.viaspace.com
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Envivio, Inc. (ENVI) Solution Deployed by LG U+ for First Korean Google TV Service
Envivio, a prominent supplier of live and on-demand multi-screen IP video processing and delivery solutions, announced that Envivio encoding solutions have been deployed by LG U+ to power its new LG u+tv G multi-screen service. This service is the first offering in South Korea boasting support for Google TV. LG u+tv G uses an Internet-connected set-top box to give subscribers access to live channels and on-demand TV integrated with apps, including Search, YouTube, Google Play, and Chrome.
LG U+ is currently using Envivio encoders to run its TV Everywhere service, providing over 126 channels of video to TVs, PCs, tablets, and smartphones. LG U+ is a subsidiary of LG Group and a major telecommunications service provider in Korea.
“We are excited to be able to offer the LG u+tv G service to our subscribers as another way to experience television in an interactive fashion,” said Hyunil Moon, general manager of the IPTV business team at LG U+. “The Envivio encoders were selected because they provided the best video quality at any given bitrate, on any device. This decision was reinforced by the fact that our previous implementation of multi-screen with the Envivio systems has proven to be an extremely reliable, robust architecture.”
“LG U+ is an innovative operator, and the introduction of this new Google TV service takes their video service to the next level,” said Julien Signès, Envivio’s president and CEO. “At Envivio, we are committed to providing solutions that offer the flexibility and scalability our customers need, with the feature set to support traditional TV and advanced applications on any viewing device.”
Envivio Muse™ Live and On-Demand software encoders/transcoders provide high quality video to any device on any network in all formats. Envivio Muse can be upgraded with minimal effort due to its converged architecture and feature-rich, software based design. The system runs on the Envivio 4Caster™ Intel-based appliances or HP blade servers.
For further information, visit www.envivio.com
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LG U+ is currently using Envivio encoders to run its TV Everywhere service, providing over 126 channels of video to TVs, PCs, tablets, and smartphones. LG U+ is a subsidiary of LG Group and a major telecommunications service provider in Korea.
“We are excited to be able to offer the LG u+tv G service to our subscribers as another way to experience television in an interactive fashion,” said Hyunil Moon, general manager of the IPTV business team at LG U+. “The Envivio encoders were selected because they provided the best video quality at any given bitrate, on any device. This decision was reinforced by the fact that our previous implementation of multi-screen with the Envivio systems has proven to be an extremely reliable, robust architecture.”
“LG U+ is an innovative operator, and the introduction of this new Google TV service takes their video service to the next level,” said Julien Signès, Envivio’s president and CEO. “At Envivio, we are committed to providing solutions that offer the flexibility and scalability our customers need, with the feature set to support traditional TV and advanced applications on any viewing device.”
Envivio Muse™ Live and On-Demand software encoders/transcoders provide high quality video to any device on any network in all formats. Envivio Muse can be upgraded with minimal effort due to its converged architecture and feature-rich, software based design. The system runs on the Envivio 4Caster™ Intel-based appliances or HP blade servers.
For further information, visit www.envivio.com
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International Stem Cell Corp. (ISCO) Advances Groundbreaking Stem Cell Therapy with Distinct Advantages and Capabilities
International Stem Cell Corp., a biotechnology company specializing in the therapeutic applications of human parthenogenetic stem cells (hpSCs), has achieved a critical milestone towards the clinical development of its non-embryonic stem cell therapy.
Through much dedication and hard work, the company’s research and development team has created the world’s first human clinical-grade stem cell lines that can be immune-match to millions of individuals. ISCO’s existing research-grade parthenogenetic stem cell lines, one of which may be an immune-match to approximately 70 million people, are being used in pre-clinical development. ISCO is now in a position to conduct clinical trials in the United States.
“We’ve been working diligently for three years to perfect this technology, which was first developed by our scientific founder, Dr. Elena Revazova in Moscow, and I’m excited to report that we have been able to derive new stem cell lines in the United States under the US and California regulatory frameworks. I’m optimistic that the new parthenogenetic stem cell lines, by providing a potentially unlimited supply of cells and tissue for transplantation, will be of great benefit to the medical community and patients world-wide,” stated Dr. Semechkin, CEO and Co-Chairman of the Board.
Created using ISCO’s proprietary technology, the new stem cell lines represent the first of a new generation of clinical-grade human parthenogenetic stem cell (hpSC) lines created in the United States under US regulatory oversight and designed to meet FDA regulations. The US Food and Drug Administration developed Good Tissue Practice (GTP) and Good Manufacturing Practice (GMP) standards to ensure the safety of products developed for clinical use. Conforming to GMP is necessary to conduct clinical development programs.
Independent third-party testing has confirmed the new lines to be “homozygous” in the HLA coding regions. This means that they have a simple genetic profile in the critical areas of the DNA that code for immune rejection; a distinct clinical advantage over embryonic stem cells. The company anticipates the new lines to immune-match millions of individuals. They will be added to ISCO’s existing bank and provide a platform from which to develop cells and tissue for clinical use.
“The importance of this breakthrough cannot be overstated,” emphasized Dr. Craw, Executive Vice President of ISCO. “Expanding our collection is not only important for our therapeutic programs, but also further establishes our leadership position in human stem cell technology. Achieving this critical milestone moves us along the path to make the transition into a clinical stage company.”
To learn more about ISCO and its superior stem cell technology, visit www.InternationalStemCell.com
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Through much dedication and hard work, the company’s research and development team has created the world’s first human clinical-grade stem cell lines that can be immune-match to millions of individuals. ISCO’s existing research-grade parthenogenetic stem cell lines, one of which may be an immune-match to approximately 70 million people, are being used in pre-clinical development. ISCO is now in a position to conduct clinical trials in the United States.
“We’ve been working diligently for three years to perfect this technology, which was first developed by our scientific founder, Dr. Elena Revazova in Moscow, and I’m excited to report that we have been able to derive new stem cell lines in the United States under the US and California regulatory frameworks. I’m optimistic that the new parthenogenetic stem cell lines, by providing a potentially unlimited supply of cells and tissue for transplantation, will be of great benefit to the medical community and patients world-wide,” stated Dr. Semechkin, CEO and Co-Chairman of the Board.
Created using ISCO’s proprietary technology, the new stem cell lines represent the first of a new generation of clinical-grade human parthenogenetic stem cell (hpSC) lines created in the United States under US regulatory oversight and designed to meet FDA regulations. The US Food and Drug Administration developed Good Tissue Practice (GTP) and Good Manufacturing Practice (GMP) standards to ensure the safety of products developed for clinical use. Conforming to GMP is necessary to conduct clinical development programs.
Independent third-party testing has confirmed the new lines to be “homozygous” in the HLA coding regions. This means that they have a simple genetic profile in the critical areas of the DNA that code for immune rejection; a distinct clinical advantage over embryonic stem cells. The company anticipates the new lines to immune-match millions of individuals. They will be added to ISCO’s existing bank and provide a platform from which to develop cells and tissue for clinical use.
“The importance of this breakthrough cannot be overstated,” emphasized Dr. Craw, Executive Vice President of ISCO. “Expanding our collection is not only important for our therapeutic programs, but also further establishes our leadership position in human stem cell technology. Achieving this critical milestone moves us along the path to make the transition into a clinical stage company.”
To learn more about ISCO and its superior stem cell technology, visit www.InternationalStemCell.com
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Synacor, Inc. (SYNC) Appoints Cloud Software Expert Steve Davi as Senior Vice President, Software Engineering
Synacor, leading provider of next-gen startpages, TV Everywhere solutions, and cloud-based services across multiple devices for cable, satellite, telecom, and consumer electronics companies, today announced that Steve Davi has been appointed as senior vice president, software engineering. Prior to Synacor, Davi worked for SeaChange International, Banyan Systems, and Data General, gaining proven experience in cloud software engineering, digital media, HTML5, over-the-top, mobile, and advertising monetization models.
Scott Bailey, Synacor COO, said, “We are excited to have Steve Davi, an accomplished software engineer and respected team leader, join Synacor as we continue expanding the multiscreen environment for pay-TV providers, increasing subscriber engagement and presenting new revenue opportunities and growth internationally. During this unprecedented time of transformation in digital entertainment, Steve’s 25 years of software experience and insight will ensure Synacor continues innovating and launching new products so our customers can provide subscribers their favorite shows, music, games, news, and cloud services, all in one place, any time, anywhere, on the device of their choosing.”
Previously, Davi worked at SeaChange International for 15 years, most recently holding the position of chief technology officer where he was responsible for overall software technology architecture and company strategy related to product design, system planning, and industry standards. During his time at SeaChange, Davi led the development of several video-on-demand, content management, search, and social media products, including its AssetFlow and Adrenalin platforms. Davi also managed the company’s first VOD product, first Recording System deployment, and first ads in VOD deployment, as well as the company’s multiscreen video software team. Prior to SeaChange International, Davi worked in software engineering leadership and contributor roles at Banyan Systems and Data General. Davi obtained his BS in Computer Science from Worcester Polytechnic Institute and holds an MS in Computer Science from Northeastern University.
“Synacor has quickly emerged as the leader in innovating next-gen startpages, TV Everywhere, cloud services and identity management, and I’m thrilled to have the opportunity to work with Synacor’s world-class team of engineers, developers, and product managers during this breakthrough era in multi-device engagement,” stated Davi. “Giving pay-TV subscribers what they want results in more monetization opportunities for both Synacor and our customers. Look for our software strategy to allow us to accelerate and continue to lead in identity management, cloud services, TV Everywhere, and digital advertising.”
For more information on Synacor, visit www.synacor.com
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Scott Bailey, Synacor COO, said, “We are excited to have Steve Davi, an accomplished software engineer and respected team leader, join Synacor as we continue expanding the multiscreen environment for pay-TV providers, increasing subscriber engagement and presenting new revenue opportunities and growth internationally. During this unprecedented time of transformation in digital entertainment, Steve’s 25 years of software experience and insight will ensure Synacor continues innovating and launching new products so our customers can provide subscribers their favorite shows, music, games, news, and cloud services, all in one place, any time, anywhere, on the device of their choosing.”
Previously, Davi worked at SeaChange International for 15 years, most recently holding the position of chief technology officer where he was responsible for overall software technology architecture and company strategy related to product design, system planning, and industry standards. During his time at SeaChange, Davi led the development of several video-on-demand, content management, search, and social media products, including its AssetFlow and Adrenalin platforms. Davi also managed the company’s first VOD product, first Recording System deployment, and first ads in VOD deployment, as well as the company’s multiscreen video software team. Prior to SeaChange International, Davi worked in software engineering leadership and contributor roles at Banyan Systems and Data General. Davi obtained his BS in Computer Science from Worcester Polytechnic Institute and holds an MS in Computer Science from Northeastern University.
“Synacor has quickly emerged as the leader in innovating next-gen startpages, TV Everywhere, cloud services and identity management, and I’m thrilled to have the opportunity to work with Synacor’s world-class team of engineers, developers, and product managers during this breakthrough era in multi-device engagement,” stated Davi. “Giving pay-TV subscribers what they want results in more monetization opportunities for both Synacor and our customers. Look for our software strategy to allow us to accelerate and continue to lead in identity management, cloud services, TV Everywhere, and digital advertising.”
For more information on Synacor, visit www.synacor.com
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Wednesday, November 28, 2012
San Fran’s BART Places Order for 270 AXION International (AXIH) Switch Ties
AXION International Holdings, a green technologies company, today said it has received its third purchase order for an additional 270 ECOTRAX™ switch ties from San Francisco Bay Area Rapid Transit (BART).
BART will install the switch ties along its 104 miles of tracks that connect San Francisco with the suburbs. The heavy-rail public transit and subway system is the 5th busiest rapid transit system in the U.S.
ECOTRAX ties are made from AXION’s patented 100 percent recycled plastic formulation. Because they are inert, the ties are not subject to rotting or absorption of moisture or insect infestation.
“To put this order into perspective,” AXION Material Supply Director Ed Campbell stated in the press release, “we recycled approximately 738,000 high density polyethylene plastic bottles to make these railroad ties.”
AXION noted its penetration in the transit line market in addition to its current customer base in major passenger and freight railways, and said that it has received purchase orders from two more public transit lines, which will conduct trials of ECOTRAX on their systems.
For more information, visit www.AXIH.com
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BART will install the switch ties along its 104 miles of tracks that connect San Francisco with the suburbs. The heavy-rail public transit and subway system is the 5th busiest rapid transit system in the U.S.
ECOTRAX ties are made from AXION’s patented 100 percent recycled plastic formulation. Because they are inert, the ties are not subject to rotting or absorption of moisture or insect infestation.
“To put this order into perspective,” AXION Material Supply Director Ed Campbell stated in the press release, “we recycled approximately 738,000 high density polyethylene plastic bottles to make these railroad ties.”
AXION noted its penetration in the transit line market in addition to its current customer base in major passenger and freight railways, and said that it has received purchase orders from two more public transit lines, which will conduct trials of ECOTRAX on their systems.
For more information, visit www.AXIH.com
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TNI BioTech, Inc. (TNIB) and Immunotherapy
Just as stem cell technology holds out the current best hope for the regeneration of healthy cells, immunotherapy is becoming the latest best hope for efficiently dealing with diseased cells. Although immunotherapy in its broadest form can be said to date back to the pioneering work of 18th century English physician Edward Jenner, who greatly advanced the ancient but dangerous practice of inoculation, the modern practice of manipulating the body’s own immune system to treat disease is often marked by American surgeon William Coley who developed a rudimentary cancer treatment based on provoking an immune response to bacteria around 1891.
Today, although it is still a developing science, immunotherapy has become an important tool for treating various types of cancer, as well as other diseases. It can be used to provide a general boost to the body’s immune system, or can be used to focus the immune response against specific types of cancer cells. In addition, immunotherapy can be used to suppress certain immune system reactions, which is important for preventing rejection of organ transplants or for treating various auto-immune diseases.
TNI BioTech is a Maryland based biotechnology company that uses their own patented immunotherapy technology to mobilize the body’s immune system and combat fatal diseases, including cancer and infectious diseases such as HIV/AIDS. The company’s most advanced clinical program works by isolating a patient’s lymphocytes and then incubating them together with Methionine Enkephalin (MENK) in an enriching external incubation system. The lymphocytes are then put back into the patient to destroy tumor cells.
The company is currently working with three primary products:
• IRT-101, an active immunotherapy that works by activating a patient’s immune system against infectious diseases and tumor cells
• IRT-102, an adaptive immunotherapy that works by isolating and enriching a patient’s own immune cells
• IRT-103, an active immunotherapy that works by activating a patient’s immune system against HIV/AIDS and tumor cells
For additional information, visit www.TNIBiotech.com
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Today, although it is still a developing science, immunotherapy has become an important tool for treating various types of cancer, as well as other diseases. It can be used to provide a general boost to the body’s immune system, or can be used to focus the immune response against specific types of cancer cells. In addition, immunotherapy can be used to suppress certain immune system reactions, which is important for preventing rejection of organ transplants or for treating various auto-immune diseases.
TNI BioTech is a Maryland based biotechnology company that uses their own patented immunotherapy technology to mobilize the body’s immune system and combat fatal diseases, including cancer and infectious diseases such as HIV/AIDS. The company’s most advanced clinical program works by isolating a patient’s lymphocytes and then incubating them together with Methionine Enkephalin (MENK) in an enriching external incubation system. The lymphocytes are then put back into the patient to destroy tumor cells.
The company is currently working with three primary products:
• IRT-101, an active immunotherapy that works by activating a patient’s immune system against infectious diseases and tumor cells
• IRT-102, an adaptive immunotherapy that works by isolating and enriching a patient’s own immune cells
• IRT-103, an active immunotherapy that works by activating a patient’s immune system against HIV/AIDS and tumor cells
For additional information, visit www.TNIBiotech.com
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American Apparel, Inc. (APP) Video Chart for Wednesday, November 28, 2012
With a solid day on Tuesday, APP is making a move off a bottom support. The chart is worthy of a look as upward pressure may lead to a test of the first resistance at $1.10.
To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts
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MRI Interventions, Inc. (MRIC) Awarded Frost & Sullivan 2012 Global Company of the Year Award
Commercial stage medical device company MRI Interventions was recognized for its innovative platforms and technologies by receiving the 2012 Global Company of the Year Award in Image-Guided Neural Interventions by Frost & Sullivan, a global business research and consulting firm.
The firm Frost & Sullivan presented the award based on established criteria that included degree of innovation with products and technologies, growth strategy excellence, growth implementation excellence, and leadership in customer value. The firm highlighted MRI Interventions’ Clearpoint® system, which provides an integrated platform for performing a range of minimally-invasive neurological procedures under direct, real-time magnetic resonance imaging (MRI) guidance. The ClearPoint system allows a surgeon to aim the targeting device at a neurological target, and watch in real-time as the surgical instrument is advanced to the target.
“MRI Interventions’ ClearPoint system enables neurological interventions which offer distinct advantages over conventional and robotic procedures,” Frost & Sullivan healthcare industry analyst Beulah Devadason stated in the press release. “The many advantages of this system include reduced patient trauma, and reduction in the overall cost and time required for procedures, which further improves profitability for hospitals.”
To date, ClearPoint systems are being utilized at 16 hospitals in the United States and two hospitals in Europe.
For more information visit www.MRIinterventions.com
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The firm Frost & Sullivan presented the award based on established criteria that included degree of innovation with products and technologies, growth strategy excellence, growth implementation excellence, and leadership in customer value. The firm highlighted MRI Interventions’ Clearpoint® system, which provides an integrated platform for performing a range of minimally-invasive neurological procedures under direct, real-time magnetic resonance imaging (MRI) guidance. The ClearPoint system allows a surgeon to aim the targeting device at a neurological target, and watch in real-time as the surgical instrument is advanced to the target.
“MRI Interventions’ ClearPoint system enables neurological interventions which offer distinct advantages over conventional and robotic procedures,” Frost & Sullivan healthcare industry analyst Beulah Devadason stated in the press release. “The many advantages of this system include reduced patient trauma, and reduction in the overall cost and time required for procedures, which further improves profitability for hospitals.”
To date, ClearPoint systems are being utilized at 16 hospitals in the United States and two hospitals in Europe.
For more information visit www.MRIinterventions.com
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Cardium Therapeutics, Inc. (CXM) Moving Rapidly with Excellagen
Excellagen, Cardium’s FDA-cleared highly-refined fibrillar collagen-based topical gel designed to facilitate wound care management for diabetic ulcers and many other types of wounds, has been the center of much of Cardium’s recent activity. The product was selected by Podiatry Today, an award-winning monthly publication on foot care, as one of the top 10 podiatry innovations in 2012, and is considered a very promising tool for accelerating the wound healing process. Cardium recently announced the formation of a Medical Advisory Board for Excellagen, made up of leading practitioners, clinicians, and researchers with diversified expertise in the field of advanced wound care. The company also announced the publication of an Excellagen “Profiles in Excellence 2012” article in Podiatry Management and two presentations at the Desert Foot 2012 High Risk Diabetic Foot Conference in Phoenix, Arizona.
Excellagen has been the subject of positive findings by physicians actively using Excellagen, with a number of physicians observing a rapid onset of the growth of granulation tissue, an important part of the wound healing process. In certain cases, rapid granulation tissue growth and wound closure have been reported using Excellagen’s wound care management therapy following unsuccessful treatment with other advanced wound care approaches. In addition, remarkable biological healing responses have been observed following cancer-related Mohs surgery for patients diagnosed with squamous and basal cell carcinomas, including deep surgical wounds.
Having received FDA clearance for Excellagen, Cardium has established cGMP out-sourced manufacturing and supply with UK-based Angel Biotechnology. The company has also developed cold chain logistics and distribution with Smith Medial Partners, and initiated a pathway toward securing private payer and government product reimbursement, including Centers for Medicare & Medicaid Services (CMS), and has assembled an internal strategic and tactical sales and marketing team. The company is currently engaged in physician relationship building with key opinion leaders, product sampling, practice integration, and building a portfolio of physician case studies.
Excellagen has been engineered to serve as a delivery platform enabling multiple device and therapeutic product extensions. The company is currently in discussions with strategic partners to establish representation, marketing and sales, or co-promotional arrangements into various U.S. vertical wound healing market channels.
For additional information, visit www.CardiumTHX.com
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Excellagen has been the subject of positive findings by physicians actively using Excellagen, with a number of physicians observing a rapid onset of the growth of granulation tissue, an important part of the wound healing process. In certain cases, rapid granulation tissue growth and wound closure have been reported using Excellagen’s wound care management therapy following unsuccessful treatment with other advanced wound care approaches. In addition, remarkable biological healing responses have been observed following cancer-related Mohs surgery for patients diagnosed with squamous and basal cell carcinomas, including deep surgical wounds.
Having received FDA clearance for Excellagen, Cardium has established cGMP out-sourced manufacturing and supply with UK-based Angel Biotechnology. The company has also developed cold chain logistics and distribution with Smith Medial Partners, and initiated a pathway toward securing private payer and government product reimbursement, including Centers for Medicare & Medicaid Services (CMS), and has assembled an internal strategic and tactical sales and marketing team. The company is currently engaged in physician relationship building with key opinion leaders, product sampling, practice integration, and building a portfolio of physician case studies.
Excellagen has been engineered to serve as a delivery platform enabling multiple device and therapeutic product extensions. The company is currently in discussions with strategic partners to establish representation, marketing and sales, or co-promotional arrangements into various U.S. vertical wound healing market channels.
For additional information, visit www.CardiumTHX.com
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Vermillion, Inc. (VRML) Appoints Bruce Huebner as Interim CEO
Vermillion, a molecular diagnostics company, announced that director Bruce A. Huebner has been appointed as interim CEO. He is following Gail S. Page, the company’s most recent CEO, who will assist in the transition and serve as a strategic advisor. Mr. Huebner will continue to serve on the board of directors as he assumes his new role.
Mr. Huebner has executive management experience in multiple clinical diagnostic companies, including Osmetech Molecular Diagnostics, Nanogen, and Gen-Probe. While serving as president of Osmetech, he successfully established the company as a fully integrated business, obtaining FDA clearance for four molecular diagnostic microarray products and introducing them to the marketplace. Huebner was also president and COO of Nanogen, a publicly held nanotechnology and microarray company.
Prior to Nanogen, Mr. Huebner was executive vice president and COO of Gen-Probe, a global leader in the development of nucleic acid tests. In less than 10 years, he grew Gen-Probe’s annual revenues from $42 million to a run-rate of more than $150 million. Huebner is currently a managing director of LynxCom Partners, a healthcare consulting firm with a focus on cancer diagnostics and personalized medicine.
“With more than 37 years of diagnostic industry experience and leadership, as well as serving on a special Vermillion board committee that evaluates marketing strategies for OVA1, Bruce will provide seasoned leadership as our interim CEO,” said James S. Burns, the company’s chairman of the board. “He will actively manage the business and ensure continuity of operations, as our succession committee searches for a new CEO who will take the company to its next level of growth and development.
Burns continued, “I would also like to thank Gail for the leadership and dedication that she has provided in bringing OVA1 to market and a pipeline of products to improve women’s health. We look forward to consulting with Gail in the coming months as we continue to build advocacy for our ovarian cancer franchise among gynecologists and women’s health groups.”
For more information, visit www.vermillion.com
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Mr. Huebner has executive management experience in multiple clinical diagnostic companies, including Osmetech Molecular Diagnostics, Nanogen, and Gen-Probe. While serving as president of Osmetech, he successfully established the company as a fully integrated business, obtaining FDA clearance for four molecular diagnostic microarray products and introducing them to the marketplace. Huebner was also president and COO of Nanogen, a publicly held nanotechnology and microarray company.
Prior to Nanogen, Mr. Huebner was executive vice president and COO of Gen-Probe, a global leader in the development of nucleic acid tests. In less than 10 years, he grew Gen-Probe’s annual revenues from $42 million to a run-rate of more than $150 million. Huebner is currently a managing director of LynxCom Partners, a healthcare consulting firm with a focus on cancer diagnostics and personalized medicine.
“With more than 37 years of diagnostic industry experience and leadership, as well as serving on a special Vermillion board committee that evaluates marketing strategies for OVA1, Bruce will provide seasoned leadership as our interim CEO,” said James S. Burns, the company’s chairman of the board. “He will actively manage the business and ensure continuity of operations, as our succession committee searches for a new CEO who will take the company to its next level of growth and development.
Burns continued, “I would also like to thank Gail for the leadership and dedication that she has provided in bringing OVA1 to market and a pipeline of products to improve women’s health. We look forward to consulting with Gail in the coming months as we continue to build advocacy for our ovarian cancer franchise among gynecologists and women’s health groups.”
For more information, visit www.vermillion.com
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The Guitammer Company Inc. (GTMM) Reports Open Market Insider Purchases
The Guitammer Company, a leader in low frequency sound and creator of the award-winning line of ButtKicker® audio transducers, announced today that CEO Mark A. Luden, Chief Financial Officer Rich E. Conn, and Director Walter J. Doyle acquired a collective 156,000 common shares of Guitammer in open market purchases this month. Luden, Conn, and Doyle purchased shares at prices ranging up to $0.35 per share.
“Pursuant to Guitammer’s ‘insider trading policy,’ this represented the first opportunity for Walter, Rich and I to complete open market share purchases since the company began trading on the OTCBB,” stated Mark Luden. “Our collective and growing optimism in Guitammer is based on the financial results the Company has posted year-to-date, noteworthy recent progress across our ButtKicker-branded business as reflected in the increasing global awareness of and demand for our products, and a belief that Guitammer’s patent-protected ButtKicker LIVE!® broadcast technology is moving ever closer to becoming a commercial, recurring revenue-generating reality.”
Today’s news comes on the heels of a press release announcing a 210% increase in third quarter revenue versus the same period a year earlier, in addition to a 189% year-over-year increase in gross profit. Growing popularity of the ButtKicker brand, liquidity capable of supporting continued growth, and the continued development of the company’s patented ButtKicker Live! technology has Guitammer well positioned to further increase shareholder value.
For further information about The Guitammer Company, visit www.guitammer.com, www.thebuttkicker.com, or www.shakemycouch.com
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“Pursuant to Guitammer’s ‘insider trading policy,’ this represented the first opportunity for Walter, Rich and I to complete open market share purchases since the company began trading on the OTCBB,” stated Mark Luden. “Our collective and growing optimism in Guitammer is based on the financial results the Company has posted year-to-date, noteworthy recent progress across our ButtKicker-branded business as reflected in the increasing global awareness of and demand for our products, and a belief that Guitammer’s patent-protected ButtKicker LIVE!® broadcast technology is moving ever closer to becoming a commercial, recurring revenue-generating reality.”
Today’s news comes on the heels of a press release announcing a 210% increase in third quarter revenue versus the same period a year earlier, in addition to a 189% year-over-year increase in gross profit. Growing popularity of the ButtKicker brand, liquidity capable of supporting continued growth, and the continued development of the company’s patented ButtKicker Live! technology has Guitammer well positioned to further increase shareholder value.
For further information about The Guitammer Company, visit www.guitammer.com, www.thebuttkicker.com, or www.shakemycouch.com
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Tuesday, November 27, 2012
Gemini Explorations, Inc. (GMXS) Possesses High Grade Gold Projects in Underexplored and Underdeveloped Colombian Districts
Gemini Explorations has secured some exciting acquisitions in the largely underdeveloped mineral reserve wealth of Colombia, drawing on nearly two decades of connections within the industry in order to turn GMXS into the next big name among juniors in South American gold production.
The superb geological potential of the company’s two current projects, the La Planada and La Tapada gold properties, shows how intelligent the company’s management is, snapping up such richly mineralized acreage in key underdeveloped gold districts. GMXS even formed a Colombian subsidiary, Minera Gemini SA, back in May of this year to streamline/facilitate operations and act as a holding unit for the company’s Colombian mining concessions and interests.
Gemini is sitting on two key projects in districts/geology with massive future production capacity, one of which, the 100%-owned La Planada Gold Project, is a potential 3.15M ounce monster (valued around $4B at today’s prices) in the heart of the Los Andes Sotomayor Gold Belt. La Planada is a perfect example of underdeveloped potential, with ideal open rock exposure over the majority of the property that lends the site to open pitting quite readily. The abundant high grade gold veins at the site are also just under 50 miles outside the Province’s capital city of Pasto. With numerous workings at various levels throughout the site and such open exposure, logistics should be relatively simple to implement. Phase I sampling results are positive with the 3 principal vein samples (five sets of veinlets cross cut vein zones here, 1.3 to 6.5 feet in width) ranged up to 117.9g/tonne Au, with an average of 15.1 g/tonne (mixed vein/wall rock samples as high as 10.7g/tonne Au, with an average of 3.06 g/tonne and host rock samples showing 0.88 g/tonne on average).
Needless to say, in this game, grade is king. The economic viability of La Planada is well expressed across a variety of data sets that have come out of the analytical work, including this most recent effort, and GMXS is very confident of the grades on all vein and rock targets. If the Phase II sampling and subsequent drilling results confirm the current model, we are talking a massive block of mineable ore totaling some 59M tonnes, or 3.15M troy gold ounces at a 1.5 g/tonne cut-off grade.
The La Tapada project (80% interest) to the north is a producer in the still hugely underdeveloped El Bagre-Zargoza mining district. With striking potential similarities to La Planada and existing registrations at the Colombian Mining Department putting the grade range in the 15-20 g/tonne area (with true bonanza potential in the 250 g/tonne grades in select pockets via artisanal mining methods), we have an attractive, highly prospective concession for which Gemini has slated a sampling/drilling program series. Mineral Primecap Geological Services, the firm who handled rock sampling at La Planada, has even turned up zones within the property that show extensive mineralization, including gold, silver, and some typically associated base metals all being present. Phase I systematic channel/vein chip sampling results completed in June ranged as high as 243 g/tonne Au, with an average grade from an 18-sample batch showing 25.97 g/tonne.
The company has designs to put in a processing facility at La Tapada as well as expanding the explorative work along trajectories defined by the additional zone discoveries in concert with the sampling and drilling programs slated for the property. This is a solid opportunity for investors to get into Colombian gold production (Dept of Antioquia region outputs some 1.5M oz Au annually) via a small, efficient junior with good deposits. Markets will be keen to look at new data coming out of La Tapada/La Planada to further size up GMXS, but it already looks to be a firm believer in growing shareholder value through production and exploration of carefully acquired properties.
For more information on Gemini Explorations, visit www.GeminiMines.com
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The superb geological potential of the company’s two current projects, the La Planada and La Tapada gold properties, shows how intelligent the company’s management is, snapping up such richly mineralized acreage in key underdeveloped gold districts. GMXS even formed a Colombian subsidiary, Minera Gemini SA, back in May of this year to streamline/facilitate operations and act as a holding unit for the company’s Colombian mining concessions and interests.
Gemini is sitting on two key projects in districts/geology with massive future production capacity, one of which, the 100%-owned La Planada Gold Project, is a potential 3.15M ounce monster (valued around $4B at today’s prices) in the heart of the Los Andes Sotomayor Gold Belt. La Planada is a perfect example of underdeveloped potential, with ideal open rock exposure over the majority of the property that lends the site to open pitting quite readily. The abundant high grade gold veins at the site are also just under 50 miles outside the Province’s capital city of Pasto. With numerous workings at various levels throughout the site and such open exposure, logistics should be relatively simple to implement. Phase I sampling results are positive with the 3 principal vein samples (five sets of veinlets cross cut vein zones here, 1.3 to 6.5 feet in width) ranged up to 117.9g/tonne Au, with an average of 15.1 g/tonne (mixed vein/wall rock samples as high as 10.7g/tonne Au, with an average of 3.06 g/tonne and host rock samples showing 0.88 g/tonne on average).
Needless to say, in this game, grade is king. The economic viability of La Planada is well expressed across a variety of data sets that have come out of the analytical work, including this most recent effort, and GMXS is very confident of the grades on all vein and rock targets. If the Phase II sampling and subsequent drilling results confirm the current model, we are talking a massive block of mineable ore totaling some 59M tonnes, or 3.15M troy gold ounces at a 1.5 g/tonne cut-off grade.
The La Tapada project (80% interest) to the north is a producer in the still hugely underdeveloped El Bagre-Zargoza mining district. With striking potential similarities to La Planada and existing registrations at the Colombian Mining Department putting the grade range in the 15-20 g/tonne area (with true bonanza potential in the 250 g/tonne grades in select pockets via artisanal mining methods), we have an attractive, highly prospective concession for which Gemini has slated a sampling/drilling program series. Mineral Primecap Geological Services, the firm who handled rock sampling at La Planada, has even turned up zones within the property that show extensive mineralization, including gold, silver, and some typically associated base metals all being present. Phase I systematic channel/vein chip sampling results completed in June ranged as high as 243 g/tonne Au, with an average grade from an 18-sample batch showing 25.97 g/tonne.
The company has designs to put in a processing facility at La Tapada as well as expanding the explorative work along trajectories defined by the additional zone discoveries in concert with the sampling and drilling programs slated for the property. This is a solid opportunity for investors to get into Colombian gold production (Dept of Antioquia region outputs some 1.5M oz Au annually) via a small, efficient junior with good deposits. Markets will be keen to look at new data coming out of La Tapada/La Planada to further size up GMXS, but it already looks to be a firm believer in growing shareholder value through production and exploration of carefully acquired properties.
For more information on Gemini Explorations, visit www.GeminiMines.com
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DoMark International, Inc. (DOMK) Brings It All Together
When DoMark subsidiary SolaWerks announced that it had obtained exclusive rights to a patent pending technology that allows solar powered charging systems for mobile devices to tap the vast infrared (IR) portion of the electromagnetic wave spectrum, it was a perfect example of what DoMark does best. By being able to make use of IR rays, which are virtually everywhere, versus the far more limited visible light rays, the new technology provides charging capabilities far superior to standard chargers. It represents DoMark’s knack for identifying upcoming opportunities, companies that are in the right place at the right time to make use of important new technologies.
In the case of SolaWerks’ new IR charging technology, the development is a major boost to the company’s position in charging and other accessories for Apple mobile products. But it also unlocks a world of possibilities for mobile devices in general, allowing efficient charging from an entire new range of energy sources. No longer will the lack of an intense light source, such as the sun, mean inadequate charging, since an abundance of IR radiation is found indoors, from incandescent lighting and other sources. Whenever you feel radiated heat, you’re feeling infrared rays. It means the beginning of the end of dependence upon plug-in chargers and worrying about how much power you have left before your phone or other mobile device blanks out. With the worldwide demand for mobile device accessories well over $30 billion annually, such a breakthrough technology is of great significance.
DoMark, of course, is not limited to the mobile device market. The company actively considers any private company that it feels is at a critical juncture in the development of marketable new ideas. DoMark sees itself as providing the final push of needed human and other resources to bring it all together.
For additional information, visit www.DomarkIntl.com
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In the case of SolaWerks’ new IR charging technology, the development is a major boost to the company’s position in charging and other accessories for Apple mobile products. But it also unlocks a world of possibilities for mobile devices in general, allowing efficient charging from an entire new range of energy sources. No longer will the lack of an intense light source, such as the sun, mean inadequate charging, since an abundance of IR radiation is found indoors, from incandescent lighting and other sources. Whenever you feel radiated heat, you’re feeling infrared rays. It means the beginning of the end of dependence upon plug-in chargers and worrying about how much power you have left before your phone or other mobile device blanks out. With the worldwide demand for mobile device accessories well over $30 billion annually, such a breakthrough technology is of great significance.
DoMark, of course, is not limited to the mobile device market. The company actively considers any private company that it feels is at a critical juncture in the development of marketable new ideas. DoMark sees itself as providing the final push of needed human and other resources to bring it all together.
For additional information, visit www.DomarkIntl.com
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International Stem Cell Corp. (ISCO) Faces Huge Therapeutic Market
International Stem Cell Corp., developers of human parthenogenic stem cells (hpSCs), a new class of non-embryonic stem cells that has the best characteristics of each of the other classes of stem cells, is focused on using hpSCs to treat severe diseases of the eye, the nervous system, and the liver, where cell therapy has been proven clinically yet is limited by the availability of safe, immune-matched human cells.
Parthenogenic stem cells hold great promise for stem cell regenerative medicine by addressing the critical issue of immune-rejection, the problem of finding cells that have the right chemical structure so as not to be rejected by the patient. Parthenogenesis utilizes unfertilized human eggs to create stem cells that can be immune-matched to millions of persons of differing sexes and racial backgrounds. As a result, a relatively small number of hpSC lines could provide sufficient immune-matched cells to cover large parts of the world’s population. This opens the possibility of successful treatment of those above mentioned diseases where cell therapy works but is severely restricted due to the problem of immune matching.
Each of these diseases and health needs represents a major potential market for ISCO:
• Brain diseases, such as Parkinson’s which is diagnosed in approximately 60,000 Americans annually
• Liver diseases, causing 30,000 U.S. deaths annually
• Cornea transplants, received by roughly 50,000 Americans each year
• Diabetes, suffered by over 25 million Americans
Globally, the figures associated with these diseases are far greater, even more so when considering the number of people in developing countries that need things like corneal transplants but never actually get them. ISCO is actively engaged in the pre-clinical stage of research and development for parthenogenic stem cell based treatments of these and other diseases.
For additional information, visit www.InternationalStemCell.com
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Parthenogenic stem cells hold great promise for stem cell regenerative medicine by addressing the critical issue of immune-rejection, the problem of finding cells that have the right chemical structure so as not to be rejected by the patient. Parthenogenesis utilizes unfertilized human eggs to create stem cells that can be immune-matched to millions of persons of differing sexes and racial backgrounds. As a result, a relatively small number of hpSC lines could provide sufficient immune-matched cells to cover large parts of the world’s population. This opens the possibility of successful treatment of those above mentioned diseases where cell therapy works but is severely restricted due to the problem of immune matching.
Each of these diseases and health needs represents a major potential market for ISCO:
• Brain diseases, such as Parkinson’s which is diagnosed in approximately 60,000 Americans annually
• Liver diseases, causing 30,000 U.S. deaths annually
• Cornea transplants, received by roughly 50,000 Americans each year
• Diabetes, suffered by over 25 million Americans
Globally, the figures associated with these diseases are far greater, even more so when considering the number of people in developing countries that need things like corneal transplants but never actually get them. ISCO is actively engaged in the pre-clinical stage of research and development for parthenogenic stem cell based treatments of these and other diseases.
For additional information, visit www.InternationalStemCell.com
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Shoreline Energy Corp. (SEQ.TO) to Provide Investor Update via Conference Call Tomorrow
Shoreline Energy Corp. is planning to hold a conference call tomorrow, November 28, 2012, to discuss its recent business developments, including the impact and outlook relating to its acquisition of the Wattenberg Colorado Project located in the Denver-Julesberg Basin.
The Wattenberg Colorado Project represents Shoreline’s initial entry into the United States. This project is currently an area of a large scale, low risk horizontal development well program, using multi-stage frac technology. Acquisition of the project is expected to generate $4.6m of cash flows the first year, providing an initial rate of return of more than 30%.
The CEO of Shoreline will be hosting the conference call. Those who wish to participate should dial in at 11:30am ET using 1-877-317-6776 with the conference ID 10021652. International callers should use the same conference code, but dial 1-412-317-0088 instead. The conference will also be available via webcast at the following link: http://webcast.mzvaluemonitor.com/Home/Login/648.
A slide presentation for the call will be available on the company’s website at the start of the call. After the prepared presentations, investors will be given the opportunity to ask questions.
Investors unable to attend at the scheduled time can access a recording of the call. To listen, call 1-877-344-7529 within the United States or 1-412-317-0088 when calling internationally. The replay pin number required to access the recording is 10021652.
For more information, visit www.shorelineenergy.ca
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The Wattenberg Colorado Project represents Shoreline’s initial entry into the United States. This project is currently an area of a large scale, low risk horizontal development well program, using multi-stage frac technology. Acquisition of the project is expected to generate $4.6m of cash flows the first year, providing an initial rate of return of more than 30%.
The CEO of Shoreline will be hosting the conference call. Those who wish to participate should dial in at 11:30am ET using 1-877-317-6776 with the conference ID 10021652. International callers should use the same conference code, but dial 1-412-317-0088 instead. The conference will also be available via webcast at the following link: http://webcast.mzvaluemonitor.com/Home/Login/648.
A slide presentation for the call will be available on the company’s website at the start of the call. After the prepared presentations, investors will be given the opportunity to ask questions.
Investors unable to attend at the scheduled time can access a recording of the call. To listen, call 1-877-344-7529 within the United States or 1-412-317-0088 when calling internationally. The replay pin number required to access the recording is 10021652.
For more information, visit www.shorelineenergy.ca
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Prana Biotechnology Ltd. (PRAN) Completes Patient Enrollment in Alzheimer Trial
Australia-based Prana Biotechnology is focused on commercializing research into age-related neurodegenerative disorders such as Alzheimer’s, Parkinson’s, and Huntington’s diseases. The company’s research centers on the interactions between certain metals in the human body and proteins.
The company announced today that it has completed enrollment in the IMAGINE trial, a 12-month Phase II trial testing PBT2, the company’s drug in development for Alzheimer’s disease. This disease affects more than 26 million people around the globe. All currently available treatments only offer some degree of symptomatic relief, but none change the course of the disease. PBT2 has the potential to actually treat the disease.
The Phase II study is a double-blind placebo controlled trial and has enrolled 41 patients with mild Alzheimer’s disease in Melbourne, Australia. Trial participants are undergoing brain scans to measure PBT2′s effect on amyloid deposits in the brain and effects on increasing brain activity. Neuropsychological Test Battery (NTB) is being used to measure the cognition effects.
Scientific data supporting the belief that PBT2 can bring clinical benefit to patients is extensive. An earlier 12-week Alzheimer’s disease trial showed the drug significantly reduced the level of Abeta protein in the spinal fluid of treated patients as well as improving their cognitive function. PBT2 is believed to restore neuronal health by binding and redistributing brains metals (copper, zinc) that have become imbalanced.
For additional information about Prana Biotechnology and its PBT2 Alzheimer’s drug, visit www.pranabio.com
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The company announced today that it has completed enrollment in the IMAGINE trial, a 12-month Phase II trial testing PBT2, the company’s drug in development for Alzheimer’s disease. This disease affects more than 26 million people around the globe. All currently available treatments only offer some degree of symptomatic relief, but none change the course of the disease. PBT2 has the potential to actually treat the disease.
The Phase II study is a double-blind placebo controlled trial and has enrolled 41 patients with mild Alzheimer’s disease in Melbourne, Australia. Trial participants are undergoing brain scans to measure PBT2′s effect on amyloid deposits in the brain and effects on increasing brain activity. Neuropsychological Test Battery (NTB) is being used to measure the cognition effects.
Scientific data supporting the belief that PBT2 can bring clinical benefit to patients is extensive. An earlier 12-week Alzheimer’s disease trial showed the drug significantly reduced the level of Abeta protein in the spinal fluid of treated patients as well as improving their cognitive function. PBT2 is believed to restore neuronal health by binding and redistributing brains metals (copper, zinc) that have become imbalanced.
For additional information about Prana Biotechnology and its PBT2 Alzheimer’s drug, visit www.pranabio.com
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EntreMed, Inc. (ENMD) Announces Publication of Results of Breast Cancer Preclinical Study
EntreMed, a clinical-stage pharmaceutical company developing targeted therapeutics for the treatment of cancer, announced the publication of favorable results of a preclinical study in breast cancer of its oral Aurora A/angiogenic kinase inhibitor, ENMD-2076. The article is titled “Predictive Biomarkers of Sensitivity to the Aurora and Angiogenic Kinase Inhibitor ENMD-2076 in Preclinical Breast Cancer Models.”
The reports state findings that ENMD-2076 was able to provide anticancer activity against breast cancer cell lines lacking expression of the estrogen receptor (ER), progesterone receptor (PR) and without HER2‑amplification. Candidate predictive biomarkers were also identified which may be useful in selecting patients that are particularly sensitive to this compound, ENMD-2076, in the future.
Dr. Jennifer R. Diamond of the University of Colorado School of Medicine, who led the study, commented, “Triple-negative breast cancer is an aggressive breast cancer subtype which carries a high risk of developing metastasis. A major barrier to the successful treatment of metastatic TNBC is the lack of effective targeted anti-cancer agents. Through this study, we show that ENMD-2076 has activity against preclinical models of breast cancer with more robust activity against TNBC. The study also supports further clinical investigation of ENMD-2076 in patients with metastatic TNBC with an emphasis on the continued development of p53-based predictive biomarkers.”
The study was comprised of a diverse panel of twenty-nine breast cancer cell lines representative of the clinically defined breast cancer subtypes which were exposed to ENMD-2076. During the study, the effects on proliferation, apoptosis, and cell cycle distribution were evaluated. The study provided information that is the basis for a predictive biomarker strategy to explore in future clinical trials with ENMD-2076. In this study, ENMD-2076 demonstrated stronger activity against cell lines of the TNBC subtype compared to the luminal and HER2-amplified subtypes. This in vitro activity was confirmed in vivo, in MDA-MB-468 and MDA-MB-231 TNBC xenografts. Baseline gene expression profiling and pathway analysis of the panel revealed that p53 and G1/S cell cycle pathways were unregulated in the more sensitive cell lines. Within the TNBC subset, cell lines with a p53 mutation and increased p53 expression were more sensitive to the cytotoxic and pro-apoptotic effects of ENMD-2076 exposure than cell lines with decreased p53 expression.
Ken Ren, Ph.D., EntreMed’s Chief Executive Officer further commented, “One of the major challenges for the development of a target therapy for cancer is the identification of a responsive subtype with a predictive biomarker. In our previous Phase 1 study, we observed a patient with TNBC who had failed multiple chemotherapy regimens then had clinically significant stabilization of disease for 41 weeks after ENMD-2076 treatment. The benchmark of median duration after first line therapy in such patients with metastasis is just 12 weeks. This pre-clinical study illustrated scientific insight into the selective sensitivity of TNBC to ENMD-2076 with direct correlation to p53 mutation and over expression. It provides strong support for the rational of our ongoing Phase 2 TNBC trial. Upon further confirmation clinically, it may also provide guidance on future trials for patient selection, and may increase the probability of success. We are continuing to enroll patients in the ongoing Phase 2 trial and anticipate the initiation of a second site for this trial soon. We remain on track with our clinical development activities and expect our progress to accelerate in the coming months and year.”
EntreMed is a clinical-stage pharmaceutical company employing a global drug development strategy primarily in the United States and China. One of the company’s primary compounds, ENMD-2076, a selective angiogenic kinase inhibitor, has completed several Phase 1 studies in solid tumors, multiple myeloma, and leukemia, and is currently completing a multi-center Phase 2 study in ovarian cancer. EntreMed recently initiated a Phase 2 study of ENMD-2076 in triple-negative breast cancer.
For more information, visit www.entremed.com
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The reports state findings that ENMD-2076 was able to provide anticancer activity against breast cancer cell lines lacking expression of the estrogen receptor (ER), progesterone receptor (PR) and without HER2‑amplification. Candidate predictive biomarkers were also identified which may be useful in selecting patients that are particularly sensitive to this compound, ENMD-2076, in the future.
Dr. Jennifer R. Diamond of the University of Colorado School of Medicine, who led the study, commented, “Triple-negative breast cancer is an aggressive breast cancer subtype which carries a high risk of developing metastasis. A major barrier to the successful treatment of metastatic TNBC is the lack of effective targeted anti-cancer agents. Through this study, we show that ENMD-2076 has activity against preclinical models of breast cancer with more robust activity against TNBC. The study also supports further clinical investigation of ENMD-2076 in patients with metastatic TNBC with an emphasis on the continued development of p53-based predictive biomarkers.”
The study was comprised of a diverse panel of twenty-nine breast cancer cell lines representative of the clinically defined breast cancer subtypes which were exposed to ENMD-2076. During the study, the effects on proliferation, apoptosis, and cell cycle distribution were evaluated. The study provided information that is the basis for a predictive biomarker strategy to explore in future clinical trials with ENMD-2076. In this study, ENMD-2076 demonstrated stronger activity against cell lines of the TNBC subtype compared to the luminal and HER2-amplified subtypes. This in vitro activity was confirmed in vivo, in MDA-MB-468 and MDA-MB-231 TNBC xenografts. Baseline gene expression profiling and pathway analysis of the panel revealed that p53 and G1/S cell cycle pathways were unregulated in the more sensitive cell lines. Within the TNBC subset, cell lines with a p53 mutation and increased p53 expression were more sensitive to the cytotoxic and pro-apoptotic effects of ENMD-2076 exposure than cell lines with decreased p53 expression.
Ken Ren, Ph.D., EntreMed’s Chief Executive Officer further commented, “One of the major challenges for the development of a target therapy for cancer is the identification of a responsive subtype with a predictive biomarker. In our previous Phase 1 study, we observed a patient with TNBC who had failed multiple chemotherapy regimens then had clinically significant stabilization of disease for 41 weeks after ENMD-2076 treatment. The benchmark of median duration after first line therapy in such patients with metastasis is just 12 weeks. This pre-clinical study illustrated scientific insight into the selective sensitivity of TNBC to ENMD-2076 with direct correlation to p53 mutation and over expression. It provides strong support for the rational of our ongoing Phase 2 TNBC trial. Upon further confirmation clinically, it may also provide guidance on future trials for patient selection, and may increase the probability of success. We are continuing to enroll patients in the ongoing Phase 2 trial and anticipate the initiation of a second site for this trial soon. We remain on track with our clinical development activities and expect our progress to accelerate in the coming months and year.”
EntreMed is a clinical-stage pharmaceutical company employing a global drug development strategy primarily in the United States and China. One of the company’s primary compounds, ENMD-2076, a selective angiogenic kinase inhibitor, has completed several Phase 1 studies in solid tumors, multiple myeloma, and leukemia, and is currently completing a multi-center Phase 2 study in ovarian cancer. EntreMed recently initiated a Phase 2 study of ENMD-2076 in triple-negative breast cancer.
For more information, visit www.entremed.com
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Monday, November 26, 2012
Get Real USA, Inc. (GTRL) Spammed Aggressively
We have observed emails spamming Get Real USA. Investors should be wary of these emails, as they are completely anonymous and violate the CAN-SPAM Act established by the FTC. As of this time, the company has not provided a public comment on the issue.
Stocks to avoid, due diligence, monitoring investments, key terms in investing and other related topics are covered by us in our Market Basics section. Here we give answers to basic questions regarding stock investments for both new and experienced investors. To view our Market Basics page, visit www.basics.qualitystocks.net.
QualityStocks also helps protect investors by rating thousands of OTC companies and research firms based on their investor relations and transparency practices. To see the list of rated companies, visit: www.qualitystocks.net/companies.php.
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QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Stocks to avoid, due diligence, monitoring investments, key terms in investing and other related topics are covered by us in our Market Basics section. Here we give answers to basic questions regarding stock investments for both new and experienced investors. To view our Market Basics page, visit www.basics.qualitystocks.net.
QualityStocks also helps protect investors by rating thousands of OTC companies and research firms based on their investor relations and transparency practices. To see the list of rated companies, visit: www.qualitystocks.net/companies.php.
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
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Pershing Gold Corp. (PGLC) New Board Appointment Supports Bringing Financial/Accounting Muscle In-House
Pershing Gold, which has established itself via the Relief Canyon Gold Project in Pershing County, Nevada, today reported the appointment of 26-year mining industry veteran, Alex Morrison, to the company’s Board of Directors.
Mr. Morrison, an extremely capable executive, in addition to being a chartered accountant and CPA, is joining the Board at a most auspicious time for the company and will be of tremendous utility as Pershing moves forward with their planned in-sourcing of the company’s finance and accounting capabilities. Having held senior executive positions at several established producers, Morrison will bring considerable hitting strength to the PGLC team and is hot off the VP and CFO slots over at gold and PGM-focused Franco-Nevada Corp. (07-10). Morrison is also currently serving on the boards of both Detour Gold Corp. and Taseko Mines Ltd.
In addition to this appointment and in connection with the company’s initiative to bring its financial/accounting muscle in-house, PGLC has also moved 20-year finance/accounting veteran and CPA Eric Alexander to the Principal Financial Officer and Principal Accounting Officer role from VP of Finance and Controller. Mr. Alexander used to be Controller over at both Sunshine Silver Mines Corp. and Latin America-focused, Golden Minerals Company, gaining the kind of rich experience needed to help PGLC transform their methodology properly.
CEO of PGLC, Stephen Alfers, bid a warm adieu to former CFO, Adam Wasserman, as well as to David Rector, who had served diligently as a member of the Board, in addition to his duties as Treasurer and VP of Administration/Finance. Both men helped to build the company and their resignations were accepted by the Board with respect. Alfers thanked them for their contributions and was pleased to note that both men would continue to serve PGLC in consulting roles, with Rector staying on as an employee of the company through year’s end, in order to help with transitioning and other remaining projects.
Alfers called the move to bring the finance/accounting apparatus in-house an echo of the huge growth and advancement made in the company’s projects this year, citing the appointments as part of a larger strategy to maximize development uptime on the Relief Canyon mine project as Pershing advances towards production and delineated exploration goals. Relief Canyon was recently fast-tracked by PGLC and this junior gold developer is chomping at the bit to expand resources on the surrounding 24.78k-acre property, for which the company recently acquired mineral rights.
Three exploration programs to date have uncovered additional mineralization immediately adjacent to the Relief Canyon mine. With serious anomalies detected on adjoining claims, PGLC is clearly squaring things away in preparation for some serious mining.
For more information on Pershing Gold, visit www.PershingGold.com
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Mr. Morrison, an extremely capable executive, in addition to being a chartered accountant and CPA, is joining the Board at a most auspicious time for the company and will be of tremendous utility as Pershing moves forward with their planned in-sourcing of the company’s finance and accounting capabilities. Having held senior executive positions at several established producers, Morrison will bring considerable hitting strength to the PGLC team and is hot off the VP and CFO slots over at gold and PGM-focused Franco-Nevada Corp. (07-10). Morrison is also currently serving on the boards of both Detour Gold Corp. and Taseko Mines Ltd.
In addition to this appointment and in connection with the company’s initiative to bring its financial/accounting muscle in-house, PGLC has also moved 20-year finance/accounting veteran and CPA Eric Alexander to the Principal Financial Officer and Principal Accounting Officer role from VP of Finance and Controller. Mr. Alexander used to be Controller over at both Sunshine Silver Mines Corp. and Latin America-focused, Golden Minerals Company, gaining the kind of rich experience needed to help PGLC transform their methodology properly.
CEO of PGLC, Stephen Alfers, bid a warm adieu to former CFO, Adam Wasserman, as well as to David Rector, who had served diligently as a member of the Board, in addition to his duties as Treasurer and VP of Administration/Finance. Both men helped to build the company and their resignations were accepted by the Board with respect. Alfers thanked them for their contributions and was pleased to note that both men would continue to serve PGLC in consulting roles, with Rector staying on as an employee of the company through year’s end, in order to help with transitioning and other remaining projects.
Alfers called the move to bring the finance/accounting apparatus in-house an echo of the huge growth and advancement made in the company’s projects this year, citing the appointments as part of a larger strategy to maximize development uptime on the Relief Canyon mine project as Pershing advances towards production and delineated exploration goals. Relief Canyon was recently fast-tracked by PGLC and this junior gold developer is chomping at the bit to expand resources on the surrounding 24.78k-acre property, for which the company recently acquired mineral rights.
Three exploration programs to date have uncovered additional mineralization immediately adjacent to the Relief Canyon mine. With serious anomalies detected on adjoining claims, PGLC is clearly squaring things away in preparation for some serious mining.
For more information on Pershing Gold, visit www.PershingGold.com
About QualityStocks
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The Green Baron Report Interviews VIASPACE, Inc. (VSPC) Board Chairman and CEO
Earlier today, VIASPACE announced that Board Chairman Dr. Kevin Schewe and CEO Dr. Carl Kukkonen participated in a detailed interview hosted by Phil Kreider of The Green Baron Report regarding the recent corporate separation of VIASPACE from VIASPACE Green Energy (VGE), as well as the future plans VSPC has as a standalone bioenergy company.
A transcript of the interview is provided below. Those who wish to access the audio recording should visit www.thegreenbaron.com/Webcasts.htm.
Question: On October 2, VIASPACE announced the orderly separation of VIASPACE and VIASPACE Green Energy. Please explain the terms of the separation and how the separation will benefit VIASPACE and its shareholders.
Answer: Dr. Kevin Schewe–In 2008, VIASPACE and Mr. Sung Chang joined forces in an effort to introduce and commercialize our proprietary bioenergy product, Giant King(TM) Grass. Mr. Chang’s framed art company, Inter-Pacific Arts, provided cash revenues to fund both VIASPACE and VIASPACE Green Energy. From 2008 until 2012, our CEO Dr. Kukkonen became the world’s leading Giant King Grass expert and through numerous invited presentations at international conferences and many meetings with potential customers, he introduced our product to the world. During the same time period, Giant King Grass was rigorously tested by many independent laboratories and found to be an excellent fuel and feedstock for electricity generation, energy pellets and for biofuels and biochemicals. Giant King Grass is the highest yielding, continuously renewable, dedicated bioenergy crop in the world. This research and business development phase took time and effort but in retrospect was quite successful at establishing the reputation of VIASPACE as an emerging green energy company and Giant King Grass as a tier one renewable, bioenergy product.
Earlier this year, Mr. Chang decided to move in a different direction with VIASPACE Green Energy and the framed art business. We mutually decided to split VIASPACE and VIASPACE Green Energy into “sister companies” that would both work to take the next step to commercialize Giant King Grass as the world’s leading renewable bioenergy platform. VIASPACE previously held VGE’s stock but we owed Mr. Chang $5.6 million. Under the terms of the separation, the $5.6 million debt to Chang was satisfied with VIASPACE returning the VGE stock shares it owned to him. As a result, VIASPACE became a stand-alone company and VIASPACE’s ownership in VIASPACE Green Energy went to Chang. VIASPACE has the exclusive worldwide license for Giant King Grass outside of China and Taiwan.
VIASPACE and its shareholders have benefited from the separation by eliminating the overhang of our prior $5.6 million debt and emerging as a pure play in bioenergy. We are now totally focused on the commercialization of Giant King Grass as our core business. We have moved from a research and development company to a deal making company focused on creating a new, robust and organic revenue stream for our future and for our shareholders.
Question: Additionally, in the October 2 press release, it was announced that Director Kevin Schewe, the holder of 100 million shares of VSPC common stock, entered into a loan agreement with VIASPACE in the form of a secured convertible note. Since we have Dr. Schewe with us here today, there is no better time to ask about the details of this financing and the positive support you continue to provide the Company.
Answer: Dr. Kevin Schewe–As part of the separation of VIASPACE from VGE, I agreed to provide VIASPACE a million dollars in the form of a secured, convertible loan. This was important because VIASPACE needs this positive financial support in the wake of the separation. VIASPACE does have revenues, for example, the initial phases of the deals we have already announced in St. Croix and Myanmar, but this does not yet cover the expenses of being a public company. As a result of my tangible financial commitment to the company, I have been given the irrevocable proxy to vote the Company’s 50.1% class-A preferred stock share, and I will use that share to advance the cause of VIASPACE shareholders. Investors should note that I have recently converted my first two loans, which together totaled $85,000, into VIASPACE common shares. These shares are restricted for six months and this should send a strong message regarding my belief that these shares are going to be an even more valuable investment going forward.
Question: On October 3, it was announced that VIASPACE signed a 1,500 acre Giant King Grass supply contract with Tibbar Energy. Tell us about this contract, when it should come on line, and what kind of revenues you hope to achieve.
Answer: Carl Kukkonen –This is a “real deal” that our investors have been waiting for us to announce. It is a 20-year, 1,500 acre Giant King Grass supply contract with Tibbar Energy in St. Croix (U.S. Virgin Islands) for a 6MW anaerobic biogas power plant. Electricity on St. Croix is currently generated with diesel and heavy fuel oil which is very expensive and produces substantial carbon dioxide emissions. We are partnering with Tibbar to use continuously renewable Giant King Grass as the dedicated, non-food, bioenergy crop to fuel the power plant with a lower cost than fuel oil and negligible carbon dioxide emissions. This 20-year project is slated to be underway in 2013 and fully on-line by first quarter 2014 and will generate over 20 full time jobs with a total economic benefit of $150 million to the community over the life of the project.
We are already generating revenues in the consulting, design and implementation of the project, but our real revenues will be from our ongoing license fee collected as the Giant King Grass is continually harvested. We have proven to our customers that they actually save money in operational costs and efficiencies by using the extremely high bioenergy yield from VIASPACE’s Giant King Grass and paying a license fee than by using lower yielding, less productive crops. The precise terms of the agreement with Tibbar are confidential, but our revenues are regular and dependable over the life of the project.
Question: On October 9, VIASPACE announced that the U.S. Department of Agriculture officially approved Giant King Grass in the United States. What does this victory mean for the Company and how will this help you market the product going forward?
Answer: Carl Kukkonen –USDA approval of Giant King Grass validates our product in the eyes of the world, and also allows us to enter the US market. Giant King Grass was vigorously tested by the U.S. Department of Agriculture Animal and Plant Inspection Service for over one year, and found to be pathogen free. It was approved for distribution in the United States. We can now grow Giant King Grass in the United States. Having passed the rigorous standards of the USDA gives our customers here in the U.S. and worldwide peace of mind regarding the safety of our product.
Question: On October 11, it was announced that you, Dr. Kukkonen (the CEO), the CFO, Stephen Muzi and Director Angelina Galiteva have all agreed to a 6 month lock-up of their VIASPACE stock shares. You and Mr. Muzi also agreed to 33% salary reductions to trim corporate expenses. Please explain the purpose of the lock-up and pay cuts.
Answer: Carl Kukkonen –As part of the separation, Dr. Schewe, and Mr. Chang agreed to a six month lock-up of their VIASPACE shares to demonstrate their belief in the future of the company. Our CFO, Stephen Muzi and I, and our other Board Director, Angelina Galiteva, likewise wanted to demonstrate our confidence in the future of the company by locking up our shares. In total, insiders holding 47% of the VIASPACE common shares have locked up their shares for 6 months which should reduce potentially volatility that could have been related after the separation of the companies.
As a further step to show our dedication to the success of the separation and the future of VIASPACE, both Mr. Muzi and I accepted a 33% pay cut as part of a comprehensive plan to control expenses. We want our shareholders and anyone interested in our company to know that we are working hard to grow this company and increase shareholder value going forward.
Question: On Tuesday, October 16, it was announced that VIASPACE signed an agreement in Myanmar with June Industry Ltd. It appears that this relationship could develop into something new and different. Please explain.
Answer: Carl Kukkonen –We are very excited to now be part of Myanmar’s future. President Obama is going to Myanmar next week. The US is strongly supporting the move to democracy in Myanmar, and is encouraging new business relationships. Myanmar, formerly known as Burma, has the perfect climate for growing Giant King Grass. The previous military government ran power plant projects in the past, but now the new civilian government is granting permission to local and foreign companies to generate power. Just last week, I made an invited presentation at the Forum on Renewable Energy Development in Myanmar held by the Asian Development Bank which is expected to provide funding for power plant projects including biomass in Myanmar. At the forum, the German company Conergy presented on solar energy and General Electric made a presentation on wind. I represented biomass. My presentation entitled “Biomass Electricity Production Options for Myanmar” is available on the VIASPACE website at www.VIASPACE.com. I presented specific biomass electricity generation options using Giant King Grass for Myanmar, including small power plants using anaerobic digestion and larger 30-90MW direct combustion power plants. Both options are scalable and multiple power plants all fueled by Giant King Grass could be built in a short time.
I have spent more than three months in Myanmar this year and have established good relationships with our partners there. We believe that Giant King Grass can become the perfect, continuously renewable, non-food, dedicated bioenergy platform for local electricity generation and also for other bioenergy products such as pellets that can be used locally or exported to other nations.
Question: On October 22, it was announced that the USDA approved Giant King Grass was growing in California. Please explain the benefit and importance of your California site.
Answer: Carl Kukkonen –Our California site serves several important purposes for VIASPACE. First, we wanted to prove that Giant King Grass grows well here in the United States. It loves the California climate and we have proven that it can be used for renewable bioenergy production in the Southern United States. This site now serves as a convenient U.S. “showroom” for potential customers so they can actually see and experience Giant King Grass for themselves. Importantly, the site serves as a propagation nursery which provides Giant King Grass seedlings for US customers and partners in other countries. We can provide grass samples to customers or labs for bioenergy testing. Having our California site will help us to expand in the United States, the Caribbean, Central and South America.
Question: Carl, What can you tell us about your recent efforts on behalf of the Company?
Answer: Carl Kukkonen– VIASPACE is now actively involved in bioenergy project development. We are not only a premier supplier of dedicated biomass; we now are serving as project developers together with partners to bring power plant and other bioenergy projects to fruition. Giant King Grass is an enabling technology. With its high yield, we can produce electricity and biofuels at a lower cost than the competitors. With our partners, we can deliver a biogas power plant in 12 months and a larger direct combustion power plant in 24 months including the Giant King Grass plantation. We have full financial models to support the economic side of the projects. We are in contact with both debt and equity financers for power plant projects.
In a power plant project, VIASPACE will not only receive the license fees for the Giant King Grass, it will have an equity participation in the power plant which will generate additional revenue.
In the last six months, I have traveled extensively and met with many potential partners and customers. We are working on projects in eight countries and have signed several contracts. The contracts in St. Croix and Myanmar have been announced, and the others are covered by confidentiality agreements and will be disclosed at the appropriate time.
Question: When do you believe that VIASPACE can achieve profitability and what we else would you like to tell an investor that might be considering a purchase of VSPC stock?
Answer: Dr. Kevin Schewe– VIASPACE is now poised for huge success at commercializing Giant King Grass worldwide as the highest yielding biomass crop in the world. We should begin to see revenues from our license agreements in 2013 and profitability in 2014. We have many deals in various stages of development and plan to announce those as they are completed. We are actively engaged in business deals and project development in the Americas, the Caribbean, Africa and Southeast Asia. We believe that we have a solid foundation, a unique product, an aggressive business plan and the expertise and commitment to see it all through to resounding success!
With regards to what I would like to tell an investor that might be considering an investment in VIASPACE, consider the following. When I joined the VIASPACE board of directors in January 2012, I owned about 65,000,000 shares of VSPC. Since that time, I have been aggressively accumulating additional shares, and as of today, now preferentially own just north of 127,000,000 shares which is nearly twice what I owned less than a year ago. As an insider, I continue to accumulate shares and that should send a strong message of support to current and potential investors. We are presently a penny stock, microcap company, but we aspire to much greater value and we are actively engaged in making deals happen. We want and plan to make Giant King Grass the world’s leading, renewable, non-food, bioenergy platform for bioelectricity, exportable bioenergy pellets, biochemicals and bioplastics. I think that VIASPACE is an investment worth considering.
For more information, visit www.viaspace.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
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Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
A transcript of the interview is provided below. Those who wish to access the audio recording should visit www.thegreenbaron.com/Webcasts.htm.
Question: On October 2, VIASPACE announced the orderly separation of VIASPACE and VIASPACE Green Energy. Please explain the terms of the separation and how the separation will benefit VIASPACE and its shareholders.
Answer: Dr. Kevin Schewe–In 2008, VIASPACE and Mr. Sung Chang joined forces in an effort to introduce and commercialize our proprietary bioenergy product, Giant King(TM) Grass. Mr. Chang’s framed art company, Inter-Pacific Arts, provided cash revenues to fund both VIASPACE and VIASPACE Green Energy. From 2008 until 2012, our CEO Dr. Kukkonen became the world’s leading Giant King Grass expert and through numerous invited presentations at international conferences and many meetings with potential customers, he introduced our product to the world. During the same time period, Giant King Grass was rigorously tested by many independent laboratories and found to be an excellent fuel and feedstock for electricity generation, energy pellets and for biofuels and biochemicals. Giant King Grass is the highest yielding, continuously renewable, dedicated bioenergy crop in the world. This research and business development phase took time and effort but in retrospect was quite successful at establishing the reputation of VIASPACE as an emerging green energy company and Giant King Grass as a tier one renewable, bioenergy product.
Earlier this year, Mr. Chang decided to move in a different direction with VIASPACE Green Energy and the framed art business. We mutually decided to split VIASPACE and VIASPACE Green Energy into “sister companies” that would both work to take the next step to commercialize Giant King Grass as the world’s leading renewable bioenergy platform. VIASPACE previously held VGE’s stock but we owed Mr. Chang $5.6 million. Under the terms of the separation, the $5.6 million debt to Chang was satisfied with VIASPACE returning the VGE stock shares it owned to him. As a result, VIASPACE became a stand-alone company and VIASPACE’s ownership in VIASPACE Green Energy went to Chang. VIASPACE has the exclusive worldwide license for Giant King Grass outside of China and Taiwan.
VIASPACE and its shareholders have benefited from the separation by eliminating the overhang of our prior $5.6 million debt and emerging as a pure play in bioenergy. We are now totally focused on the commercialization of Giant King Grass as our core business. We have moved from a research and development company to a deal making company focused on creating a new, robust and organic revenue stream for our future and for our shareholders.
Question: Additionally, in the October 2 press release, it was announced that Director Kevin Schewe, the holder of 100 million shares of VSPC common stock, entered into a loan agreement with VIASPACE in the form of a secured convertible note. Since we have Dr. Schewe with us here today, there is no better time to ask about the details of this financing and the positive support you continue to provide the Company.
Answer: Dr. Kevin Schewe–As part of the separation of VIASPACE from VGE, I agreed to provide VIASPACE a million dollars in the form of a secured, convertible loan. This was important because VIASPACE needs this positive financial support in the wake of the separation. VIASPACE does have revenues, for example, the initial phases of the deals we have already announced in St. Croix and Myanmar, but this does not yet cover the expenses of being a public company. As a result of my tangible financial commitment to the company, I have been given the irrevocable proxy to vote the Company’s 50.1% class-A preferred stock share, and I will use that share to advance the cause of VIASPACE shareholders. Investors should note that I have recently converted my first two loans, which together totaled $85,000, into VIASPACE common shares. These shares are restricted for six months and this should send a strong message regarding my belief that these shares are going to be an even more valuable investment going forward.
Question: On October 3, it was announced that VIASPACE signed a 1,500 acre Giant King Grass supply contract with Tibbar Energy. Tell us about this contract, when it should come on line, and what kind of revenues you hope to achieve.
Answer: Carl Kukkonen –This is a “real deal” that our investors have been waiting for us to announce. It is a 20-year, 1,500 acre Giant King Grass supply contract with Tibbar Energy in St. Croix (U.S. Virgin Islands) for a 6MW anaerobic biogas power plant. Electricity on St. Croix is currently generated with diesel and heavy fuel oil which is very expensive and produces substantial carbon dioxide emissions. We are partnering with Tibbar to use continuously renewable Giant King Grass as the dedicated, non-food, bioenergy crop to fuel the power plant with a lower cost than fuel oil and negligible carbon dioxide emissions. This 20-year project is slated to be underway in 2013 and fully on-line by first quarter 2014 and will generate over 20 full time jobs with a total economic benefit of $150 million to the community over the life of the project.
We are already generating revenues in the consulting, design and implementation of the project, but our real revenues will be from our ongoing license fee collected as the Giant King Grass is continually harvested. We have proven to our customers that they actually save money in operational costs and efficiencies by using the extremely high bioenergy yield from VIASPACE’s Giant King Grass and paying a license fee than by using lower yielding, less productive crops. The precise terms of the agreement with Tibbar are confidential, but our revenues are regular and dependable over the life of the project.
Question: On October 9, VIASPACE announced that the U.S. Department of Agriculture officially approved Giant King Grass in the United States. What does this victory mean for the Company and how will this help you market the product going forward?
Answer: Carl Kukkonen –USDA approval of Giant King Grass validates our product in the eyes of the world, and also allows us to enter the US market. Giant King Grass was vigorously tested by the U.S. Department of Agriculture Animal and Plant Inspection Service for over one year, and found to be pathogen free. It was approved for distribution in the United States. We can now grow Giant King Grass in the United States. Having passed the rigorous standards of the USDA gives our customers here in the U.S. and worldwide peace of mind regarding the safety of our product.
Question: On October 11, it was announced that you, Dr. Kukkonen (the CEO), the CFO, Stephen Muzi and Director Angelina Galiteva have all agreed to a 6 month lock-up of their VIASPACE stock shares. You and Mr. Muzi also agreed to 33% salary reductions to trim corporate expenses. Please explain the purpose of the lock-up and pay cuts.
Answer: Carl Kukkonen –As part of the separation, Dr. Schewe, and Mr. Chang agreed to a six month lock-up of their VIASPACE shares to demonstrate their belief in the future of the company. Our CFO, Stephen Muzi and I, and our other Board Director, Angelina Galiteva, likewise wanted to demonstrate our confidence in the future of the company by locking up our shares. In total, insiders holding 47% of the VIASPACE common shares have locked up their shares for 6 months which should reduce potentially volatility that could have been related after the separation of the companies.
As a further step to show our dedication to the success of the separation and the future of VIASPACE, both Mr. Muzi and I accepted a 33% pay cut as part of a comprehensive plan to control expenses. We want our shareholders and anyone interested in our company to know that we are working hard to grow this company and increase shareholder value going forward.
Question: On Tuesday, October 16, it was announced that VIASPACE signed an agreement in Myanmar with June Industry Ltd. It appears that this relationship could develop into something new and different. Please explain.
Answer: Carl Kukkonen –We are very excited to now be part of Myanmar’s future. President Obama is going to Myanmar next week. The US is strongly supporting the move to democracy in Myanmar, and is encouraging new business relationships. Myanmar, formerly known as Burma, has the perfect climate for growing Giant King Grass. The previous military government ran power plant projects in the past, but now the new civilian government is granting permission to local and foreign companies to generate power. Just last week, I made an invited presentation at the Forum on Renewable Energy Development in Myanmar held by the Asian Development Bank which is expected to provide funding for power plant projects including biomass in Myanmar. At the forum, the German company Conergy presented on solar energy and General Electric made a presentation on wind. I represented biomass. My presentation entitled “Biomass Electricity Production Options for Myanmar” is available on the VIASPACE website at www.VIASPACE.com. I presented specific biomass electricity generation options using Giant King Grass for Myanmar, including small power plants using anaerobic digestion and larger 30-90MW direct combustion power plants. Both options are scalable and multiple power plants all fueled by Giant King Grass could be built in a short time.
I have spent more than three months in Myanmar this year and have established good relationships with our partners there. We believe that Giant King Grass can become the perfect, continuously renewable, non-food, dedicated bioenergy platform for local electricity generation and also for other bioenergy products such as pellets that can be used locally or exported to other nations.
Question: On October 22, it was announced that the USDA approved Giant King Grass was growing in California. Please explain the benefit and importance of your California site.
Answer: Carl Kukkonen –Our California site serves several important purposes for VIASPACE. First, we wanted to prove that Giant King Grass grows well here in the United States. It loves the California climate and we have proven that it can be used for renewable bioenergy production in the Southern United States. This site now serves as a convenient U.S. “showroom” for potential customers so they can actually see and experience Giant King Grass for themselves. Importantly, the site serves as a propagation nursery which provides Giant King Grass seedlings for US customers and partners in other countries. We can provide grass samples to customers or labs for bioenergy testing. Having our California site will help us to expand in the United States, the Caribbean, Central and South America.
Question: Carl, What can you tell us about your recent efforts on behalf of the Company?
Answer: Carl Kukkonen– VIASPACE is now actively involved in bioenergy project development. We are not only a premier supplier of dedicated biomass; we now are serving as project developers together with partners to bring power plant and other bioenergy projects to fruition. Giant King Grass is an enabling technology. With its high yield, we can produce electricity and biofuels at a lower cost than the competitors. With our partners, we can deliver a biogas power plant in 12 months and a larger direct combustion power plant in 24 months including the Giant King Grass plantation. We have full financial models to support the economic side of the projects. We are in contact with both debt and equity financers for power plant projects.
In a power plant project, VIASPACE will not only receive the license fees for the Giant King Grass, it will have an equity participation in the power plant which will generate additional revenue.
In the last six months, I have traveled extensively and met with many potential partners and customers. We are working on projects in eight countries and have signed several contracts. The contracts in St. Croix and Myanmar have been announced, and the others are covered by confidentiality agreements and will be disclosed at the appropriate time.
Question: When do you believe that VIASPACE can achieve profitability and what we else would you like to tell an investor that might be considering a purchase of VSPC stock?
Answer: Dr. Kevin Schewe– VIASPACE is now poised for huge success at commercializing Giant King Grass worldwide as the highest yielding biomass crop in the world. We should begin to see revenues from our license agreements in 2013 and profitability in 2014. We have many deals in various stages of development and plan to announce those as they are completed. We are actively engaged in business deals and project development in the Americas, the Caribbean, Africa and Southeast Asia. We believe that we have a solid foundation, a unique product, an aggressive business plan and the expertise and commitment to see it all through to resounding success!
With regards to what I would like to tell an investor that might be considering an investment in VIASPACE, consider the following. When I joined the VIASPACE board of directors in January 2012, I owned about 65,000,000 shares of VSPC. Since that time, I have been aggressively accumulating additional shares, and as of today, now preferentially own just north of 127,000,000 shares which is nearly twice what I owned less than a year ago. As an insider, I continue to accumulate shares and that should send a strong message of support to current and potential investors. We are presently a penny stock, microcap company, but we aspire to much greater value and we are actively engaged in making deals happen. We want and plan to make Giant King Grass the world’s leading, renewable, non-food, bioenergy platform for bioelectricity, exportable bioenergy pellets, biochemicals and bioplastics. I think that VIASPACE is an investment worth considering.
For more information, visit www.viaspace.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
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
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