Air Transport Services Group Inc. is a leading provider of air cargo transportation services, operating through five subsidiaries, including three airlines. The company recently appointed Rich Corrado to the positions of chief commercial officer of ATSG and president of subsidiary Cargo Aircraft Management Inc. (CAM).
Corrado’s industry experience will support his responsibility of leading the sales and marketing strategy, as well as the execution for the ATSG family of companies and his responsibilities for CAM.
“Rich’s knowledge of business development, sales management and strategic planning–paired with his specific industry experience–will be a great asset for us,” ATSG CEO and President Joe Hete stated in the press release. “ATSG companies provide a wide range of aircraft and transportation service options, and Rich will help our customers get maximum advantage from these integrated services, in order to realize improved efficiencies and lowered costs.”
Corrado previously held positions as the chief operating officer of AFMS Logistics Management; president of Transform Consulting Group; several key senior marketing leadership positions in the parcel air express industry; executive vice president of Air Services for DHL Express; and senior vice president of marketing for Airborne Express.
“I am excited to be back with the ATSG family and am looking forward to driving sales and marketing programs that harness the value of the combined enterprise into a unique value proposition that integrates the strength of our aircraft assets, with the bundle of additional services that we can deliver for our customers,” said Corrado. “Our flexible, turnkey solutions will allow us to offer unmatched programs for our customers’ short and long-term aviation needs.”
Corrado holds a Bachelor of Arts in economics from Harvard University, and an MBA from Boston College.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Thursday, April 1, 2010
Increased Product Demand Drives China Clean Energy (CCGY.OB) Healthy Q4, FY Financials
China Clean Energy Inc. operates through its subsidiaries to produce biodiesel and environmentally friendly specialty-chemical products made from renewable resources in China. The company today reported its financial results for the fourth quarter and fiscal year ended December 31, 2009, posting solid growth and increased demand for its products.
Revenue for the fourth quarter was $4.9 million, up 18.5 percent from the fourth quarter of 2008. The company attributes the increase primarily to the 53.2% year-over-year increase in sales volume of specialty- chemical products.
Gross profit in the fourth quarter of 2009 was $896,933, up 52.4 percent from the comparable quarter of 2008. China Clean Energy said the increase was mostly driven by the 18.5 percent growth in revenue paired with management’s ability to control the growth in cost of sales to only 12.9 percent compared to the fourth quarter of 2008.
Operating expense in the fourth quarter of 2009 was $646,739, down 17.2 percent from $781,275 in the fourth quarter of 2008 due to the lower professional service expenses. Operating income for the quarter was $250,194, compared to an operating loss of $192,566 in the comparable period of 2008.
Net income for the fourth quarter of 2009 was $627,538, or $0.02 per fully-diluted share, compared to a loss of $554,111, or $0.02 per share, in the fourth quarter of 2008.
“We are pleased to report strong fourth quarter revenue growth and margin expansion reflecting an improvement in demand for our products in the back end of the year,” Tai-ming Ou, China Clean Energy’s chairman and CEO stated in the press release. “In addition, our Jiangyin plant started operation on a commercial basis in January 2010, expanding our specialty chemical capacity by 30,000 tons and our biodiesel capacity by 40,000 tons per year respectively. We hope to gradually ramp-up our new capacity during the year and expect to achieve solid organic growth in 2010.”
The company also reported full-year results, posting net revenues for the year at $15.9 million, down 12.3 percent from $18.2 million in 2008.
Gross profit for the full year 2009 was $2.9 million, down 23.8 percent from $3.9 million in 2008.
Operating income for the full year 2009 was $0.9 million, down 22.9 percent from $1.1 million in 2008.
In 2009 the Company recorded a net loss of $0.3 million, or $0.01 per diluted share, compared to the net income of $0.6 million, or $0.02 per diluted share in 2008. Net loss in 2009 includes a $964,391 non-cash charge for warrant liability revaluation and a $404,582 stock-based compensation expense.
China Clean Energy gave expectations for 2010, noting that its new plant in Jiangyin is expected to achieve a ramp- up to full capacity by the end of the year 2010 and 50 percent capacity by the end of second quarter of 2010.
Qu said the company anticipates a ramp in demand and that the Jiangyin plant will allow the company to meet demand with quality products.
“We expect to see more demand from our existing customers. The Jiangyin plant enables us to provide three times more specialty chemicals and four times more biodiesel and with better quality. With the smoothly running operation in our new plant, we are confident to exceed our recently released revenue guidance for the first quarter of 2010 of RMB50 million (approximately $7.3 million), representing an increase of approximately 150% over the comparable period in 2009. The expected sales volume in the first quarter is approximately 4,000 tons for biodiesel and 5,000 tons for specialty chemicals, separately,” Qu stated.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Revenue for the fourth quarter was $4.9 million, up 18.5 percent from the fourth quarter of 2008. The company attributes the increase primarily to the 53.2% year-over-year increase in sales volume of specialty- chemical products.
Gross profit in the fourth quarter of 2009 was $896,933, up 52.4 percent from the comparable quarter of 2008. China Clean Energy said the increase was mostly driven by the 18.5 percent growth in revenue paired with management’s ability to control the growth in cost of sales to only 12.9 percent compared to the fourth quarter of 2008.
Operating expense in the fourth quarter of 2009 was $646,739, down 17.2 percent from $781,275 in the fourth quarter of 2008 due to the lower professional service expenses. Operating income for the quarter was $250,194, compared to an operating loss of $192,566 in the comparable period of 2008.
Net income for the fourth quarter of 2009 was $627,538, or $0.02 per fully-diluted share, compared to a loss of $554,111, or $0.02 per share, in the fourth quarter of 2008.
“We are pleased to report strong fourth quarter revenue growth and margin expansion reflecting an improvement in demand for our products in the back end of the year,” Tai-ming Ou, China Clean Energy’s chairman and CEO stated in the press release. “In addition, our Jiangyin plant started operation on a commercial basis in January 2010, expanding our specialty chemical capacity by 30,000 tons and our biodiesel capacity by 40,000 tons per year respectively. We hope to gradually ramp-up our new capacity during the year and expect to achieve solid organic growth in 2010.”
The company also reported full-year results, posting net revenues for the year at $15.9 million, down 12.3 percent from $18.2 million in 2008.
Gross profit for the full year 2009 was $2.9 million, down 23.8 percent from $3.9 million in 2008.
Operating income for the full year 2009 was $0.9 million, down 22.9 percent from $1.1 million in 2008.
In 2009 the Company recorded a net loss of $0.3 million, or $0.01 per diluted share, compared to the net income of $0.6 million, or $0.02 per diluted share in 2008. Net loss in 2009 includes a $964,391 non-cash charge for warrant liability revaluation and a $404,582 stock-based compensation expense.
China Clean Energy gave expectations for 2010, noting that its new plant in Jiangyin is expected to achieve a ramp- up to full capacity by the end of the year 2010 and 50 percent capacity by the end of second quarter of 2010.
Qu said the company anticipates a ramp in demand and that the Jiangyin plant will allow the company to meet demand with quality products.
“We expect to see more demand from our existing customers. The Jiangyin plant enables us to provide three times more specialty chemicals and four times more biodiesel and with better quality. With the smoothly running operation in our new plant, we are confident to exceed our recently released revenue guidance for the first quarter of 2010 of RMB50 million (approximately $7.3 million), representing an increase of approximately 150% over the comparable period in 2009. The expected sales volume in the first quarter is approximately 4,000 tons for biodiesel and 5,000 tons for specialty chemicals, separately,” Qu stated.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Mag Silver Corp. (MVG) Readies Operations for a Large High-Quality Silver Find
Many might think that all the large silver and gold deposits about the world have been found. Fortunately for junior miners this is far from the truth. An investor that can find a development stage miner that has struck a vein is one that will profit in the not too distant future.
Mag Silver Corp., a development stage silver mining company, works to discover, develop and exploit silver mining claims primarily in the Mexican silver mining belt. The company currently controls 100% of the Cinco de Mayo and Lagartos properties and a 44% share of the Juanicipio property.
High grade defines the primary products under development at the company’s sites. Drilling also suggests that other associated minerals, such as Moly and gold, hold these same high quality characteristics. As the company completes its preliminary studies, it feels that a 2.5 year pay-back schedule is possible. Perhaps the largest benefit in this regard is the location of its primary sites. Infrastructure has already been put in place by others and distance to head structures (or processing) is about ten miles. This will make getting the property’s 36.5M oz and 46M inferred oz. of silver to processing easy.
As of the end of 2009 the company had a cash position of approximately $29 million. It has established a relationship with the RBC and expects operations to begin fairly soon. End of year numbers indicated a loss as a result of start-up costs and currency exchange rate deviations. This result, however, is to be expected from a development stage company. From all appearances, Mag Silver is sitting on a hot vein of silver, gold, lead and Moly and most definitely deserves a look.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Mag Silver Corp., a development stage silver mining company, works to discover, develop and exploit silver mining claims primarily in the Mexican silver mining belt. The company currently controls 100% of the Cinco de Mayo and Lagartos properties and a 44% share of the Juanicipio property.
High grade defines the primary products under development at the company’s sites. Drilling also suggests that other associated minerals, such as Moly and gold, hold these same high quality characteristics. As the company completes its preliminary studies, it feels that a 2.5 year pay-back schedule is possible. Perhaps the largest benefit in this regard is the location of its primary sites. Infrastructure has already been put in place by others and distance to head structures (or processing) is about ten miles. This will make getting the property’s 36.5M oz and 46M inferred oz. of silver to processing easy.
As of the end of 2009 the company had a cash position of approximately $29 million. It has established a relationship with the RBC and expects operations to begin fairly soon. End of year numbers indicated a loss as a result of start-up costs and currency exchange rate deviations. This result, however, is to be expected from a development stage company. From all appearances, Mag Silver is sitting on a hot vein of silver, gold, lead and Moly and most definitely deserves a look.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Save the World Air, Inc. (ZERO.OB) Confident in its Ability to Meet Government Demands for Reform
Clean technology pioneer Save the World Air, Inc. commented today that the company’s strategy is perfectly suited to meet the demands for lower energy consumption and increase for national fuel security.
The announcement follows President Obama’s speech yesterday at Andrews Air Force base, where he proposed to open up expanses of the Atlantic coastline and parts of Alaska to oil and natural gas drilling. In turn, other areas of the U.S. would be off limits. The speech highlighted the need to balance national fuel security with protecting the environment. Speaking in front of an F-18 “Green Hornet” that will run partly on bio fuel, President Obama tied oil and gas drilling expansion to the country’s need to increase the use of renewable energy, stating that “drilling alone cannot come close to meeting our long-term energy needs.”
Mr. Cecil Bond Kyte, Chairman and CEO of Save The World Air, Inc., commented, “President Obama’s speech validates STWA’s strategy to advance our ELEKTRATM technology with military decision makers as a solution to help reduce fuel consumption and increase national security while supporting the nation’s environmental objectives. The U.S. military is the world’s largest consumer of fuel, and President Obama’s focus on revamping the Department of Defense’s fuel consumption to reduce U.S. dependence on foreign oil corroborates our strategy of building relationships with the armed forces to advance the use of our patented clean technologies. As a retired commercial airline pilot, the President’s decision to give his speech in front of the Navy’s F-18 ‘Green Hornet’ really hit home and again reinforced the imperative to increase our country’s energy security by reducing our dependence on foreign oil.”
Mr. Kyte continued, “STWA’s efforts are in-line with the political initiatives underway in Washington and the statements made by the Federal government and President Obama. We believe that a broad application of our ELEKTRA technology within the military and across vital industries could reduce our country’s dependence on oil and lead to increased energy security. In March, we met with military decision makers at the Energy Futures Symposium, sponsored by the American Society of Naval Engineers (ASNE), where I had the opportunity to meet personally with the parties in charge of the ‘Green Hornet’ project. In addition, the Company has held discussions with several departments of the DOD and key suppliers about the implementation of its ELEKTRA technology.” Concluded Mr. Kyte, “It is clear that we are traveling in the correct circles that serve our country, collectively as we serve this Company and its shareholders.”
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
The announcement follows President Obama’s speech yesterday at Andrews Air Force base, where he proposed to open up expanses of the Atlantic coastline and parts of Alaska to oil and natural gas drilling. In turn, other areas of the U.S. would be off limits. The speech highlighted the need to balance national fuel security with protecting the environment. Speaking in front of an F-18 “Green Hornet” that will run partly on bio fuel, President Obama tied oil and gas drilling expansion to the country’s need to increase the use of renewable energy, stating that “drilling alone cannot come close to meeting our long-term energy needs.”
Mr. Cecil Bond Kyte, Chairman and CEO of Save The World Air, Inc., commented, “President Obama’s speech validates STWA’s strategy to advance our ELEKTRATM technology with military decision makers as a solution to help reduce fuel consumption and increase national security while supporting the nation’s environmental objectives. The U.S. military is the world’s largest consumer of fuel, and President Obama’s focus on revamping the Department of Defense’s fuel consumption to reduce U.S. dependence on foreign oil corroborates our strategy of building relationships with the armed forces to advance the use of our patented clean technologies. As a retired commercial airline pilot, the President’s decision to give his speech in front of the Navy’s F-18 ‘Green Hornet’ really hit home and again reinforced the imperative to increase our country’s energy security by reducing our dependence on foreign oil.”
Mr. Kyte continued, “STWA’s efforts are in-line with the political initiatives underway in Washington and the statements made by the Federal government and President Obama. We believe that a broad application of our ELEKTRA technology within the military and across vital industries could reduce our country’s dependence on oil and lead to increased energy security. In March, we met with military decision makers at the Energy Futures Symposium, sponsored by the American Society of Naval Engineers (ASNE), where I had the opportunity to meet personally with the parties in charge of the ‘Green Hornet’ project. In addition, the Company has held discussions with several departments of the DOD and key suppliers about the implementation of its ELEKTRA technology.” Concluded Mr. Kyte, “It is clear that we are traveling in the correct circles that serve our country, collectively as we serve this Company and its shareholders.”
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Versar, Inc. (VSR) Signs $7.6M Contract to Support EPA’s Pesticide Program
Versar, Inc., the Springfield, VA-based purveyor of professional services supporting homeland defense, infrastructure and management with a key emphasis on environmental compliance, announced recently the award of a $7.6M, 5-year contract analyzing chemistry data.
This contract with the U.S. Environmental Protection Agency’s (EPA), Health Effects Division (HED), Office of Pesticide Programs (OPP) calls for a comprehensive evaluation of extant data on pesticide products and residue, increasing VSR’s ongoing Exposure and Risk Assessment Division-managed contracts to six.
CEO of VSR Tony Otten commented on this further extension of the Company’s backlogs, calling it a vital new contract which, while nothing unusual considering a two-decade track record of work between VSR and the EPA”s pesticides programs, is a great opportunity for the Company to move “into new areas and scientific disciplines”.
The review of pesticide chemistry data outlined by the contract will be used to validate registration and re-registration of pesticides, shoring up what is one of EPA’s highest priority segments for characterizing community’s chemical exposure risk by creating a database and technical presentations to support the OPP’s regulatory mandates.
Otten also emphasized VSR’s unique skill set and capabilities for such a project, and the Company’s ability to bring to bear a wide range of innovative approaches and rigorous analytical methodologies in supporting EPA’s role of protecting the citizenry from dangerous environmental exposure.
This contract affords a lucrative new opportunity for VSR to employ its world-class team of Certified Project Management Professionals in a role which both serves the public weal and offers the Company a chance to further increase returns for its investors.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
This contract with the U.S. Environmental Protection Agency’s (EPA), Health Effects Division (HED), Office of Pesticide Programs (OPP) calls for a comprehensive evaluation of extant data on pesticide products and residue, increasing VSR’s ongoing Exposure and Risk Assessment Division-managed contracts to six.
CEO of VSR Tony Otten commented on this further extension of the Company’s backlogs, calling it a vital new contract which, while nothing unusual considering a two-decade track record of work between VSR and the EPA”s pesticides programs, is a great opportunity for the Company to move “into new areas and scientific disciplines”.
The review of pesticide chemistry data outlined by the contract will be used to validate registration and re-registration of pesticides, shoring up what is one of EPA’s highest priority segments for characterizing community’s chemical exposure risk by creating a database and technical presentations to support the OPP’s regulatory mandates.
Otten also emphasized VSR’s unique skill set and capabilities for such a project, and the Company’s ability to bring to bear a wide range of innovative approaches and rigorous analytical methodologies in supporting EPA’s role of protecting the citizenry from dangerous environmental exposure.
This contract affords a lucrative new opportunity for VSR to employ its world-class team of Certified Project Management Professionals in a role which both serves the public weal and offers the Company a chance to further increase returns for its investors.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Soligenix, Inc. (SNGX.OB) 2009 Data Reports Show Strong Fundamentals, Massive Growth Potential
Soligenix, Inc., an established biopharma company specializing in products which offset the potentially fatal side effects of many oncology treatments and severe diseases in the gastrointestinal system, as well as vaccines tailored for counter-bioterrorism applications, announced FY 09 results today.
Revenue was up 22% ($506k) to $2.2M from 08 on strength of a $1M clinical milestone outlay from Sigma-Tau Pharmaceuticals Inc. (Sigma-Tau) in relation to a collaborative Phase 3 (randomized, double-blind, placebo-controlled) clinical trial of orBec® for gastrointestinal Graft-versus-Host disease (GI GVHD).
SNGX also completed a partnering agreement with Sigma-Tau regarding NA commercialization and deployment of orBec® and oral BDP worth an estimated $30M.
The European Medicines Evaluation Agency (EMEA) agreed to the design of a Phase 3 clinical trial for orBec® as well.
Declines in grant money from the National Institutes of Health (NIH), resulting from the typical end-of-cycle changeover between old grants and new ones, offset this $1M boon somewhat.
SNGX was awarded a $9.4M grant from NIH’s National Institute of Allergy and Infectious Diseases (NIAID) division for its work on the stable-at-room-temp biodefense vaccine RiVax™, and a $500k Small Business Innovation Research grant relating to Phase1/2 clinical trialing of the Company’s time-release oral beclomethasone dipropionate (BDP) formulation for acute radiation enteritis.
Net Losses were up 76% ($2.6M) to $6M from 08 due to a massive $3M R&D push for Phase 3 trials of orBec® because of its potentially explosive potential to become the first ever FDA-approved treatment for GI GVHD, and the drug has also received the FDA’s Orphan Drug Designation (a designation indicating Top Priority).
General and Administrative Expenses saw a $340k uptick due to staffing and corporate costs.
President and CEO of SNGX Christopher J. Schaber, Ph.D., noted the breakaway character of FY 09 results: from the Partnership with Sigma-Tau in NA to the trialing of orBec®, which stands to be unchallenged in its market; to the achievement of “significant non-dilutive financing” for the RiVax™ program, which is also poised to generate substantial long-term ROI for the Company’s shareholders due to the amazing potential of the counter-bioterrorism market.
Schaber projects sustained momentum and therefore continued growth in 2010.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Revenue was up 22% ($506k) to $2.2M from 08 on strength of a $1M clinical milestone outlay from Sigma-Tau Pharmaceuticals Inc. (Sigma-Tau) in relation to a collaborative Phase 3 (randomized, double-blind, placebo-controlled) clinical trial of orBec® for gastrointestinal Graft-versus-Host disease (GI GVHD).
SNGX also completed a partnering agreement with Sigma-Tau regarding NA commercialization and deployment of orBec® and oral BDP worth an estimated $30M.
The European Medicines Evaluation Agency (EMEA) agreed to the design of a Phase 3 clinical trial for orBec® as well.
Declines in grant money from the National Institutes of Health (NIH), resulting from the typical end-of-cycle changeover between old grants and new ones, offset this $1M boon somewhat.
SNGX was awarded a $9.4M grant from NIH’s National Institute of Allergy and Infectious Diseases (NIAID) division for its work on the stable-at-room-temp biodefense vaccine RiVax™, and a $500k Small Business Innovation Research grant relating to Phase1/2 clinical trialing of the Company’s time-release oral beclomethasone dipropionate (BDP) formulation for acute radiation enteritis.
Net Losses were up 76% ($2.6M) to $6M from 08 due to a massive $3M R&D push for Phase 3 trials of orBec® because of its potentially explosive potential to become the first ever FDA-approved treatment for GI GVHD, and the drug has also received the FDA’s Orphan Drug Designation (a designation indicating Top Priority).
General and Administrative Expenses saw a $340k uptick due to staffing and corporate costs.
President and CEO of SNGX Christopher J. Schaber, Ph.D., noted the breakaway character of FY 09 results: from the Partnership with Sigma-Tau in NA to the trialing of orBec®, which stands to be unchallenged in its market; to the achievement of “significant non-dilutive financing” for the RiVax™ program, which is also poised to generate substantial long-term ROI for the Company’s shareholders due to the amazing potential of the counter-bioterrorism market.
Schaber projects sustained momentum and therefore continued growth in 2010.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Wednesday, March 31, 2010
Total Nutraceutical Solutions Inc. (TNUS.OB) Enters into 3-way Agreement for Direct Mail Marketing Campaign
Total Nutraceutical Solutions Inc. (TNS), a leading mushroom-for-nutrition research and development company, today announced a revenue sharing agreement between itself, California-based AMC LLC, and Hong Kong-based Delta Group Investments Ltd.
Per the agreement, the parties will conduct a direct mail marketing program for a proprietary private label compound for joint pain and inflammation developed and manufactured by TNS.
“This agreement allows our company to effectively formulate and launch proprietary dietary supplement products into the United States market,” Marvin S. Hausman MD, CEO of TNS stated in the press release. “TNS has become a global leader in the research and development of mushroom-based products and enrichment processes for potent antioxidants such as L-Ergothioneine and Vitamin D2. Our company intends to actively formulate and launch into the U.S. and International dietary supplement markets breakthrough nutritional products enriched with these key nutrients that have the potential to improve human health and well-being.”
AMC is experienced in direct mail marketing and has focused on the nutraceutical industry for the last 20 years. AMC and its predecessor achieved sales of more than $140.0 million in the nutraceutical industry during one four-year period. As part of the agreement, AMC will receive stock purchase warrants contingent on the performance of total sales.
DGI is a private investment company offering a loan of $300,000 of operating capital to test and launch the companies’ direct mail marketing campaign. DGI has the option to convert the loan to common stock of TNS at $0.25 per share.
Initial testing of the mailing consists of 250,000 pieces, which will be sent out on or about April 30, 2010.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Per the agreement, the parties will conduct a direct mail marketing program for a proprietary private label compound for joint pain and inflammation developed and manufactured by TNS.
“This agreement allows our company to effectively formulate and launch proprietary dietary supplement products into the United States market,” Marvin S. Hausman MD, CEO of TNS stated in the press release. “TNS has become a global leader in the research and development of mushroom-based products and enrichment processes for potent antioxidants such as L-Ergothioneine and Vitamin D2. Our company intends to actively formulate and launch into the U.S. and International dietary supplement markets breakthrough nutritional products enriched with these key nutrients that have the potential to improve human health and well-being.”
AMC is experienced in direct mail marketing and has focused on the nutraceutical industry for the last 20 years. AMC and its predecessor achieved sales of more than $140.0 million in the nutraceutical industry during one four-year period. As part of the agreement, AMC will receive stock purchase warrants contingent on the performance of total sales.
DGI is a private investment company offering a loan of $300,000 of operating capital to test and launch the companies’ direct mail marketing campaign. DGI has the option to convert the loan to common stock of TNS at $0.25 per share.
Initial testing of the mailing consists of 250,000 pieces, which will be sent out on or about April 30, 2010.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Posts (Atom)
