Monday, August 27, 2012

Pristine Solutions, Inc. (PRTN) Acquires Eaton Scientific Systems, Secures Foothold in Women’s Health and Drug Market

Pristine Solutions today announced the completion of its acquisition of Eaton Scientific Systems Ltd., a biomedical product development company with a focus on women’s health solutions.

As a result of the acquisition, Pristine now holds the intellectual property and global marketing rights to Eaton’s homatropine, a patent pending novel indication of an existing FDA-approved drug for the non-hormonal treatment of hot flashes in pre-menopausal, pari-menopausal, and post-menopausal women. The drug indication is now called Tropine 3, and is currently being prescribed and compounded by doctors in the Los Angeles, Calif., specifically for patients with hot flash symptoms who do not want to take hormonal treatment.

Michael Borkowski, CEO and president of Eaton, detailed the capabilities of Tropine 3 and its target market.

“Every woman who has experienced hot flashes knows the devastating affects they have on themselves personally and on their loved ones. Tropine 3 has been shown in individual cases to reduce the symptoms of hot flashes in terms of intensity, duration, and number of occurrences without the use of dangerous hormones which,” Borkowski stated in the press release. “We look forward to building market awareness and acceptance of Tropine 3 throughout the women’s health care sector in hopes of improving the lives of the over 50 million women in America that would benefit from this proven safe and effective treatment for hot flashes.”

Pristine said it is assembling a senior management team and group of scientific advisors to assist in the ongoing development and clinical testing of Tropine 3.

For more information visit www.pristinesolutions.us

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SORL Auto Parts, Inc. (SORL) Unveils Power Steering Pump for the Chinese Electric Bus Market

SORL Auto Parts, a leading global supplier of brake and control systems to the global commercial vehicle industry, today reported that it has launched its newly developed, electrically controlled power steering pump, marking a technological breakthrough for the global electric bus market. SORL’s new power steering pump is more energy and cost efficient, environmentally friendly and has higher efficiency and a longer life span than traditional hydraulic power steering pumps. Installation and maintenance of the pump is effortless due to its small size and compact structure.

New energy electric vehicles are a focus of the Chinese government as it attempts to reduce carbon emissions and air pollution across the country. SORL has a long-term research and development program designed to position the company as the leader in developing electrically controlled auto parts for electric vehicle manufacturers worldwide. Just last month, the company launched its new generation of electric air brake compressors designed to be used in electric buses.

According to Chinese government plans, by 2015, there will be production and sales of over 500,000 electric and hybrid vehicles. And by 2020, the target is for Chinese production capacity of electric and hybrid vehicles to exceed 2 million vehicles. SORL’s mission is to help China’s government reach its goal by increasing the technological level of the Chinese auto industry with the introduction of more electrically controlled auto parts.

For further information on SORL Auto Parts and its breakthrough technologies, please visit the company’s website at www.sorl.cn

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Longhai Steel, Inc. (LGHS) Well Positioned to Execute Expansion Strategy

Located in Hebei Province, where most of China’s steel is produced, Longhai Steel has captured a great deal of attention and considerable market presence for its ability to fulfill orders in rapid succession within a highly competitive price structure and at a better quality than other suppliers in the People’s Republic of China, or PRC.

Subsequent to a facility expansion, Longhai Steel increased its yearly production by 67 percent in the fourth quarter of 2011, going from 900,000 to 1.5 million metric tons of high quality steel wire, in diameters from 5.5 millimeters to 18 millimeters, with production taking place on technologically superior equipment.

This high-quality metal lends itself to being made into carbon structure steel, cold heading steel (cold pressing discrete configurations from a steel blank or slug), welding rod, and steel stranded wire as used in steel belted radial tires, suspension bridges, and engineered springs used in automotive or industrial-type machines. Longhai Steel also offers its products to third-party processors who turn out such useful things as nails, the wire mesh used in reinforced concrete, hardware cloth, and the linked mesh that makes up chain link fencing.

The company recently capitalized on its superb reputation for exceeding PRC quality standards in the 6.5mm to 10mm wire metric, so widely used in the construction industry, via an additional production facility in Xingtai. This ultra-modern, high-speed plant not only has increased capacity, but has a longer production line equipped with advanced heating and cooling systems that result in a more durable and reliable product. In addition, this new facility is geared to roll out the kind of higher margin, 5.5mm to 18mm steel wire needed for specialized products.

Thanks to increased production and higher quality processes, Longhai Steel looks to secure an increasing slice of the regional stranded steel wire marketplace as increasing demand – sparked by local infrastructure upgrades and improvements – spurs development of the tier 3-6 city construction initiative which offers a firm foundation for growth.

Longhai Steel’s production improvements and expanded capacity offer the company an opportunity to effect a consolidation strategy which, aligned with PRC policy initiatives, promises to bring together an industry which has grown up piecemeal. The consolidation, in turn, is an opportunity for Longhai Steel to vertically integrate its business in a fusion of strategic acquisitions that has (and will) prove valuable for LGHS shareholders.

These policies, which anticipate China’s emergence as a major player in the global steel marketplace (with an increase in steel production of four percent even as the rest of the world shows declines of 1.2 percent), are available to Longhai Steel through corporate practices which favor long-term customer relationships, superior quality, rapid turnaround, reliable delivery, and customer support – all driven by economies of scale and acquisition opportunities which will reduce obsolete production capacity, promote cost reduction strategies and increase energy efficiency in an industry which has been seriously fragmented by rapid buildout.

Even though China is experiencing some of the slowdown occupying Western construction markets, it continues to roll out infrastructure at a fever pace, driving a remarkable 45 percent of global steel production and 46 percent of global steel consumption in 2011. Hebei Province, the steel capital of China’s northeast, in 2011 accounted for 20 percent of total nationwide steel output.

An overview of market opportunities in China show the government instituting policies designed to divide 60 percent of domestic steel capacity among the top 10 producers by 2015, as opposed to a mere 44 percent in 2009.

This intense consolidation is one metric in those economies of scale that promises to leverage the inherent value of China’s huge stimulus package, which offers $586 billion to create significant steel demand via increased construction in housing, roads, highways, dams, irrigation projects, airports, and other infrastructure buildouts.

Longhai Steel’s new 200,000 square-meter location, which includes everything from production lines and warehousing to company office space, make it even easier for the company to provide rapid turnaround and delivery on orders across a wider product mix.

To learn more about the company, visit www.longhaisteelinc.com

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ZBB Energy Corp. (ZBB) Appoints Tony Siebert as VP – Sales and Product Marketing

Friday, ZBB Energy announced that Tony Siebert has been appointed as the company’s Vice President of Sales and Product Marketing. Mr. Siebert will assume full responsibility of the coordination of ZBB’s sales and product marketing strategy.

In connection with his appointment, Mr. Siebert was awarded inducement options to purchase a total of 200,000 shares of ZBB’s common stock. 50,000 of these options will vest based on the achievement of certain performance targets; the remaining 150,000 of these options will vest over three years.

Eric C. Apfelbach, President and CEO of ZBB Energy, remarked, “We welcome Tony to our growing team. Tony’s energetic sales approach and marketing experience bring the exact talents we need to grow our product sales as we move into broader commercialization. He has a proven track record of building worldwide teams that can increase sales and maintain focus on providing solutions that exceed customer expectations.”

Mr. Siebert has over 20 years of experience in sales and engineering in the utility and industrial industries. He has served as Managing Director of Grid Sales for American Superconductor Corporation (AMSC) where he was responsible for the management of sales of its grid products worldwide. He was also the Director of the FACTS and DVAR businesses where he was responsible for grid sales, business/product development, engineering prioritization, and coordination of project management.

Prior AMSC, Mr. Siebert held senior sales, business development, and engineering roles at ABB Power Electronics Division. Mr. Siebert graduated from Milwaukee School of Engineering with a Bachelor of Science degree in Electrical Engineering Technology.

“ZBB has the right products to provide the best solutions for a growing global infrastructure problem,” said Tony Siebert. “I look forward to leading the worldwide sales team and helping ZBB dramatically increase sales and backlog to meet and exceed the Company’s goals.”

For more information, visit www.zbbenergy.com

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Friday, August 24, 2012

ZELTIQ Aesthetics, Inc. (ZLTQ) Places 25-Year Medical Device and Venture Capital Sector Veteran Mark J. Foley in CEO, President Role

ZELTIQ Aesthetics, the medical technology company which developed the innovative CoolSculpting® System designed to target and reduce stubborn fat bulges (using a simple non-invasive 60-minute procedure) that don’t respond to amelioration via diet and exercise, announced the appointment today of 25-year industry veteran Mark J. Foley to the role of President and full-time CEO.

This is a step up for Foley, who has held the Interim President and CEO slot up until now, also serving on the company’s Board since back in 2009, with a stint as Executive Chairman up until early 2010. Foley brings considerable experience to the role, gathered from such ongoing engagements as being Managing Director at early-stage tech venture capital firm, RWI Ventures, as well as Executive Chairman at Onpharma, Senior Advisor to the TauTona Group, and a Director for both Sonitus Medical and Voyage Medical.

This kind of deep field experience has seen Foley in senior operating, investment, and board positions at large cap medical device sector companies for decades and his CEO capabilities have been made abundantly clear. With a great deal of work in venture-backed early stage development on success stories like Ventrica (of which Foley was Founder and CEO), which was later acquired by major player Medtronic, the appointment is a shrewd play by ZLTQ to kick start the next level of commercialization for their proprietary controlled-cooling technology and the CoolSculpting System. The list of successful start-ups Foley has under his belt is quite impressive and includes prominent examples like Guidant, US Surgical Corp., and DVI, later acquired by juggernaut Eli Lilly, and Perclose, which was acquired by Abbott.

Mark asserted that his long history with the company and familiarization with every aspect of the technology has placed him in the pole position to execute on growing the CoolSculpting market. Currently in a leadership position in the non-invasive fat reduction space, this remarkable technology is a clinically proven, FDA-cleared, and totally non-surgical solution to unsightly stubborn fat accumulation that has customers out the door fast with no downtime (as opposed to existing solutions that require healing or recuperation of some sort). CoolSculpting is extremely accurate and targets only the intended fat cells using a patented procedure that was developed by Harvard scientists, whereby fat cells are crystallized and then later break down over a period of a few months, the cell constituents naturally eliminated or otherwise reabsorbed by the body, leaving healthy skin and other cells unaltered.

Foley (B.A., University of Notre Dame) noted that the proven safety of the CoolSculpting technology and demonstrated efficacy in some 400k procedures to date granted ZLTQ a huge inroad to capitalize on their lead position in the market, as this incredible technology accumulates broader market impact.

Chairman of ZLTQ’s Nominating and Governance Committee, Bryan Roberts, Ph.D., a Partner over at technology, healthcare, and energy focused venture cap firm Venrock, was delighted at the permanent-basis CEO appointment of Foley, whom he regards as possessing an “in-depth understanding” of the company’s business, technology platform, and growth strategy. The logistics of that growth strategy are immediately apparent to a seasoned pro like Foley, and ZLTQ will be looking to extend significant Q2 performance with increased market penetration, aided by the vision of this born leader.

For more information on this key appointment, or to learn more about ZELTIQ Aesthetics, Inc., please visit the company’s website at: www.CoolSculpting.com

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Abtech Holdings, Inc. (ABHD) Video Chart for Friday, August 24, 2012

The rise in volume and price per share on Thursday, puts ABHD on watch for continued upward pressure. Several layers of support are just under the current price with initial resistance at 89 cents, the only hurdle between top-end resistance at $1.05.

To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts

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GTX Corp. (GTXO) Launches Two New Tracking Apps

It can be argued that a significant portion of every individual’s personal and professional time is spent in the act of tracking, locating things, or locating people. Professionally, companies often need to track employees, vehicles, or shipments. On a personal level, people want to track children, pets, or perhaps even a loved one suffering from dementia. Today, the advent of GPS-related technologies has made it possible to see the world as never before, allowing us to keep in touch with things and people regardless of their physical distance from us.

GTX Corp., based in Los Angeles, is seeking to make the most of GPS technology by developing and integrating two-way global positioning with consumer products and enterprise applications. The company provides personal and business tracking and locating solutions through hardware devices, software platform licensing, and smart phone applications. Utilizing miniaturized GPS technology, GTX enables subscribers to track, in real time, the whereabouts of people, pets, or high-valued assets, wirelessly.

For example, LOCiMobile is a suite of mobile tracking applications that turn the iPhone, Android, BlackBerry, and other GPS enabled handsets, into locatable devices, which can be tracked from handset to handset or through a location data center tracking portal, also allowing the user to send a map to the recipient’s phone showing the user’s location.

Another product is the company’s award-winning and multi-patent GPS Smart Shoe, an application that can locate the wearer in real-time, helping you find someone at the touch of a button. GTX also provides Code Amber News Service that focuses on the recovery of missing persons, in addition to mobile tracking applications for monitoring vehicles and shipping containers.

GTX Corp. has now announced the launch of two new GPS and personal location based applications, the GPS Shoe iPhone app (coming soon to iPads and Android phones) and the Track My Work Force app, available on iPhones and iPads, and coming soon to Androids.

For additional information, visit the company’s website at www.gtxcorp.com

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