Mountain Lake Resources Inc. (MOA.V) Reports Abundant Accessible Gold Mineralization

September 2nd, 2010

Mountain Lake Resources, www.mountain-lake.com – the diversified junior exploration firm focused squarely on developing a portfolio of profitable resources, today reported initial results of a barge drilling operation at the Leprechaun Gold Deposit.

This initiative has successfully defined a huge area of excellent surface mineralization by fleshing out the historical data with new exploration on the pond via a barge, making the Leprechaun the first defined gold resource in Central Newfoundland’s highly prospective Valentine Lake Property.

With an inferred 1.315M tonnes at 10.50 g/t Au (NI 43-101 compliant, 5 g/t Au minimum cut-off, and a 3 m minimum width), and with an estimated total of 443k oz of gold, the Leprechaun Deposit, open at depth and along strike, promises to be a very good producer for the Company.

Among the salient data reported from this recent analysis:

• Main zone-drilled hole VL-10-211 posted 2.38 g/t AU over a true width of 38 m
• Identification of multiple near-surface mineralization features should make open pit operations very lucrative
• Summer program consisted of 56 holes for a total of 5.8k m or 9.8k m year-to-date
• A new resource estimate, slated for Q4 on the Leprechaun, should provide additional insights
• Hole 206 ( on section 9,975 – see website for map) confirmed continuous mineralization from 205 (the 25 m wide intercept at 2.06 g/t in hole 206 is 25 m northeast along strike from the 27.2 m at 3.92 g/t intersected in hole 205)
• Holes 208-212 in the eastern half of the Leprechaun Pond validate geological mineralization model for site

VP of Exploration for MOA, David Good, noted the previously announced (Aug 16) data, which indicates abundant mineralization, and commented on the outstanding clarity the barge drilling data has delivered regarding the overall mineralization picture.

Good pointed out that the barge data fills in a huge gap right over the middle of the deposit, and seemed excited at how promising the continuity and abundance of sub-horizontal vein zones was within the steeply dipping mineralization envelope.

Sample data assayed via lead collection fire assay (with atomic absorption finish for drill hole planning and duplicates for samples over 30 g/t) and upcoming estimate will be determined by metallic screening. The Valentine Lake Project is operated by Marathon PGM Corp. (MAR.CA) under a sub-option JV agreement. Resource estimate for Leprechaun Deposit by Larry Pilgrim, P. Geo., Qualified Person, ( NI 43-101 Valentine Lake Technical Report 2005).

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OmniReliant Holdings, Inc. (ORHI.OB) Drives Sales with New Office

September 2nd, 2010

OmniReliant, www.omnireliant.com – a Company that comprises competencies from direct response (DR) and traditional retail (which are delivered to live shopping networks, direct mail and ecommerce through its subsidiaries), announced today that wholly-owned consumer products enterprise, OmniResponse, Inc., opened a new sales office in Bentonville, Arkansas.

VP of Retail Sales for ORHI, and decade-long resident of the Bentonville area, Travis Berger, will head up the retail sales push and illustrate the dynamic of DR by explaining how crucial the timing is between consumer interest and availability of the product.

CEO of ORHI, Robert J. DeCecco, noted that this big push to spearhead sales out of Bentonville, led by the Retail Sales Division, sends a loud and clear message about the Company’s “driving retail sales growth in 2011 and beyond” platform.

Berger noted how important having a retail distribution network that is prepped and ready to receive the product is, especially considering that the largest and most popular retailers aren’t always the ones launching the product. OHRI’s network includes marketing promos, kiosks, pallet displays, end caps and etc.

This understanding of the time-critical correlation between demand and availability is central to the ORHI business philosophy, and Berger made it clear that the Company’s success is driven by coordinating a focused strategy that encompasses the product life cycle.

A clear tactical advantage mastered by ORHI – the adept selection of a suitable retailer/vendor combined with the launch execution strategy and the means to sustain interest – maximizes shareholder returns and operational profitability by dovetailing marketing and sales logistics.

DeCecco took a moment to comment on how well suited Berger was, due to his vast local knowledge and prior work as Category Strategic Advisor for Direct-to-Consumer products and brands for industry titan Wal-Mart, where Berger did consultancy work.

DeCecco pointed to the numerous connections with several large retailers that Berger has painstakingly cultivated as affording an ideal environment for the new sales office, which itself makes a nice structural complement to ORHI’s existing corporate offices, located at the Company’s 34k sq. ft. television/production studio.

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OriginOil (OOIL) Positioned to Ship Breakthrough Technology Purchase to MBD Energy

September 2nd, 2010

OriginOil Inc., a familiar player in the renewable energy field, develops breakthrough technology that transforms algae into renewable oil. The company today announced it is ready to ship a Single-Step Extraction™ System to MBD Energy Ltd.

OriginOil said it has notified MBD Energy that it is prepared to ship its Single-Step Extraction(TM) System, marking the second product to be delivered in the companies’ multi-phase commercialization agreement.

Andrew Lawson, managing director at MBD Energy, noted his optimism and planned application of the Single-Step Extraction System.

“We believe OriginOil’s concentration and extraction technology holds promise of reducing costs and energy requirements in the algae harvesting process,” Lawson stated in the press release. “We look forward to now using the equipment we’ve purchased from OriginOil to finalize preparations for our 1 hectare Bio CCS algal synthesizer test facility we’re about to construct at Tarong Power Station in Queensland. If performance tests go to plan we expect to later expand the 1 hectare synthesizer to 80 hectares at which point we hope to produce approximately 10,000 tonnes of oil per year.”

Per the previously arranged agreement, OriginOil will supply MBD Energy with progressively larger installations of its algae-to-oil technology as MBD Energy ramps up its algal synthesizer projects on a one-year lease-to-own program.

Once it achieves success in the first test phase, MBD will increase its purchases to significantly larger systems to serve its power station projects in Australia. MBD Energy said each of its power station projects has the potential to produce 11 million liters of oil for plastics and fuel, and 25,000 tonnes of drought-proof animal feed annually.

For more information visit www.originoil.com

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Camelot Entertainment’s (CMGR.OB) “PUFF THE MAGIC DRAGON” to Air on ABC Family’s “25 Days of Christmas”

September 2nd, 2010

Camelot Entertainment Group, Inc. announced today that it has come to terms with ABC Family for the national distribution of “PUFF THE MAGIC DRAGON.” ABC Family will be airing the animated classic during its yearly smash success, “The 25 Days of Christmas.” “PUFF” is based on the hit song by folk stars Peter, Paul and Mary and is the story of Jackie Draper, a shy boy who learns the value of courage from his friend, Puff. This annual event by ABC Family airs from December 1 to December 25 and is widely regarded as the biggest programming event of the year.

While the special event hasn’t been owned by ABC Family, a division of Walt Disney, throughout the entirety, it has been airing annually since 1996. Fox and The Family Channel were the predecessors to ABC Family in airing the month-long special. Other regulars on the programming list throughout the years have included “Rudolph the Red-Nosed Reindeer and the Island of Misfit Toys,” the “Home Alone” series, “The Santa Clause” (Parts II and III), “The Polar Express,” “Jack Frost” (1998 film), “Jingle All the Way” and many more.

“PUFF THE MAGIC DRAGON is a classic fable that will never grow old,” commented Jeffrey Giles, Camelot VP, Sales and Distribution. “We are enthusiastic that ABC Family will continue to tell the story during one of its biggest programming events of the year.”

Shares of CMGR, which closed yesterday at $.0028, have screamed north today up to $.09 for gains totaling nearly 3,400% on massive volume with 30 minutes left in the trading day.

More information on Camelot Entertainment Group, its films and the investment opportunity presented can be found on the Company’s website at www.camelotent.com.

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Orexigen Therapeutics (OREX) and Takeda Pharmaceutical to Commercialize Contrave in North America

September 2nd, 2010

Orexigen Therapeutics is a biopharmaceutical company focused on the treatment of obesity. The company filed a New Drug Application (NDA) with the US Food and Drug Administration (FDA) for its lead investigational product for the treatment of obesity – Contrave – on March 10,2010.

The company announced today that it has entered into an exclusive partnership with Japanese pharmaceutical giant, Takeda Pharmaceutical. The partnership is being set up to develop and commercialize Contrave in the United States, Canada and Mexico.

Contrave is combination therapy believed to address both biological and behavioral drivers of obesity. The central pathways targeted by this treatment are involved in controlling the balance of food intake and metabolism, and regulating reward-based eating behavior.

Orexigen will receive an upfront cash payment of $50 million from Takeda and Takeda will obtain an exclusive marketing right from the company in the United States, Canada and Mexico while Orexigen retains the right to co-promote with Takeda in the United States. The company will be eligible to receive payments of over $1 billion upon achieving certain regulatory and sales-based milestones. If Contrave is commercialized, Takeda will pay tiered double-digit royalty payments on net sales.

Under the terms of the agreement, Orexigen and Takeda will work together and share the costs on developing the product. Orexigen will lead pre-approval activites and Takeda will lead post-approval activities. The company looks forward to working with Takeda of which Orexigen’s CEO Michael Narachi said, “Takeda is an ideal partner for Orexigen…”

The news of this partnership has sent the stock of Orexigen sharply higher in today’s trading. It is currently trading at $5.66 a share, up $1.07 or 23.31% for the day. Volume has been massive at nearly 7 million shares which is well in excess of the average daily volume of about 1.28 million shares. For more information on Orexigen Therapeutics, please visit its website at www.orexigen.com.

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Dex One Corp. (DEXO) Video Chart for Thursday, September 2, 2010

September 2nd, 2010

DEXO has been on a major slide recently, but appears to be prepared for at least a temporary bounce and a possible reversal. The video explains what we see in the DEXO chart.

Please click the following link: http://www.qualitystocks.net/videocharts.php

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LifeVantage Corp. (LFVN.OB) Announces Published Review of Protandim’s Ability to Reduce Skin Cancer in Mice

September 2nd, 2010

Science-based nutraceutical company LifeVantage Corp. today announced the publication of a peer-reviewed study involving Protandim®, the company’s clinically proven therapy for oxidative stress.

Protandim is an indirect antioxidant therapy providing substantial benefits for healthy aging by stimulating the body’s production of its natural antioxidant enzymes.

The study, titled “The Chemopreventive Effects of Protandim: Modulation of p53 Mitochondrial Translocation and Apoptosis during Skin Carcinogenesis,” demonstrates Protandim’s ability to reduce the incidence and number of skin cancers in mice.

The report was published in the scientific journal PLoS ONE, conducted by researchers at Louisiana State University who examined the biochemical mechanisms that underlie Protandim’s efficacy in a two-stage model. The first stage initiation involves DNA mutation, while the second stage, the promotion stage, induces existing tumor cells to proliferate.

According to the report, the study results suggest Protandim’s ability to signal the cell to suppress p53, which decreases levels of Bax, a protein that causes programmed cell death or apoptosis. When combined with increasing levels of super oxide dismutase, this may play an important role in the tumor suppressive activity of Protandim in this mouse model.

In an earlier human trial, Protandim increased antioxidant enzyme production, thereby eliminating the age-dependent increase in the most widely used marker of oxidative stress.

The study was independently funded by the Louisiana State University Health Sciences Center at Shreveport.

For more information visit www.LifeVantage.com

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National Automation Services (NASV.PK) Expanding on Foundation of Water

September 2nd, 2010

Although they have now branched out to a wide range of applications, National Automation Services built much of its reputation in the automation and process controls industry with municipal and district water control systems in Arizona. Their consistent ability to provide the diversified technologies necessary to meet strict government regulations has given them a foundation that they are now using to expand both vertically and geographically.

Some of their early successes include the following:

• Yuma Mesa Irrigation (Pump Station and SCADA Upgrade) – NAS designed and implemented a SCADA and PLC based control system for Yuma Mesa Irrigation District. The PLC controlled the pump station and after bay gate control. Based on the after bay level, the PLC calculated and totalized flow inside of the PLC. The PLC was connected to the Watermaster and Dispatcher’s SCADA PC site approximately 18 miles away via a spread spectrum radio network. The SCADA package was programmed to control the pump station, after bay gate, and produce water usage reports for the Watermaster. The SCADA PC also has remote dialing capabilities on an alarm condition.

• City of Cottonwood, Arizona (Wastewater Treatment Plant Upgrade) – This was a Design Build project in which NAS was responsible for all instrumentation and control systems engineering, radio communications, PLC and SCADA programming, documentation and O&M manual generation. Cottonwood’s system architecture consists of Modicon Quantum and Momentum PLC’s, Grayhill radios, and iFix SCADA software.

• City of Avondale, Arizona (Master SCADA System) – NAS was responsible for the programming and implementation of a Wonderware Master SCADA system at Avondale’s Coldwater Springs Booster Station. The system integrates various remote sites using Modicon PLC’s, MDS radios, and Wonderware InTouch Systems.

• Town of Gilbert, Arizona (West San Tan Lift Station) – This project consisted of panel fabrication, calibration of flow meters and pressure transmitters, startup of analytical equipment, programming of Modicon Momentum PLC in Concept, programming and design of Magelis touchscreens, O&M manuals, and startup and commissioning.

• City of Peoria, Arizona (Beardsley Wastewater Treatment Plant Expansion) – The scope of work for this project consisted of an Intellution SCADA Upgrade, control panel fabrication, various instrumentation configurations, VFD configurations, commissioning and startup, and finally, creating O&M Manuals. During the project, several problems arose that required NAS to redesign both the blower control systems and the SCADA communications network. Communications and control modules were added to the blowers for them to operate per specifications. Existing control panels were modified. Fiber to Ethernet converters were installed. NAS performed the programming and integration associated with the PLC’s and Intellution iFix SCADA System.

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September 2nd, 2010

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Resource Exchange of America (RXAC.OB) – A Future Scrap Metal Recycling Powerhouse

September 2nd, 2010

Resource Exchange of America Corp. is working to become a leader in the ferrous and nonferrous scrap metal industry. The Florida-based company is pursuing an aggressive acquisition policy to achieve its goal and become a vertically-integrated recycling company.

The company accelerated its acquisition and joint ventures strategy in the past quarter. It announced joint ventures with Paw Materials, a processing and demolition company, and T&M Salvage, a metal cycling company in one of Florida’s largest industrial areas. The company also signed a partnership with HHL, an asset recovery firm.

Perhaps most importantly, Resource Exchange of America signed a joint venture with Sea Lion Ocean Freight, a subsidiary of Thomas Griffin International. An agreement with an ocean freight company of Sea Lion’s stature is very important. It enhances the company’s presence in the Gulf of Mexico and the Caribbean. The partners hope to develop more domestic business and business in lucrative foreign markets in the months to come.

Many recycling firms struggled during the recession but RXAC remained strong; in part due to its access to deep-water ports that opened up lucrative overseas markets. In fact, the company reported a rise in scrap offers from Asian markets during the second half of August. In recent weeks, ferrous scrap offers into Southeast Asia hit $400 a ton and offers into China hit $400 a ton.

The rise in prices from recession lows is attributed to both tightening supplies and restocking by Asian mills ahead of their busy season over the next few months. The CEO of RXAC, Dana Pexas, said, “As the markets continue to recover from the global recession, this is an area in which we expect to see substantial growth. The news also confirms our long-term goal of expansion into Asian markets – a market we surely will give our keenest attention over the next couple of months.”

For further information on the company, please visit its website at www.resource-exchange.com.

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Canadian Solar Inc. (CSIQ) Reports Results for the Second Quarter of 2010

September 2nd, 2010

Canadian Solar Inc. reported mixed financial results for the second quarter of 2010, with a sequential increase in net income coupled with a sequential decrease in sales and shipments of solar cells.

Canadian Solar Inc. reported net income of $3.2 million, or $0.07 per diluted share, for the second quarter of 2010, compared to net income of $1.5 million, or $0.03 per diluted share, in the first quarter of 2010.

Sales declined for Canadian Solar Inc. in the second quarter of 2010. The company reported net sales of $328.7 million, compared to net sales of $336.9 million in the previous quarter.

Shipments in the second quarter of 2010 Canadian Solar Inc. came in at 181.2 megawatts, compared to 185 megawatts in the prior quarter. Canadian Solar Inc. said that the European market segment continued to be the largest for the company.

Canadian Solar Inc. established guidance on shipments of solar cells for the third quarter of 2010, and full year. The company expects to ship from 190 to 200 megawatts during the third quarter of 2010, and 700 to 800 megawatts during 2010.

Canadian Solar Inc. is also increasing the company’s manufacturing capacity to accommodate the increase in business. The company expects to have solar cell manufacturing capacity of 1.3 gigawatts by early 2011.

For more information on the company, go to www.canadiansolar.com

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Destination Maternity Corp. (DEST) Reports Sales for August 2010

September 2nd, 2010

Destination Maternity Corp. released the company’s sales and operations update for August 2010, and reported a decline in net sales for the month on both a comparable store and total store basis.

Destination Maternity Corporation said that preliminary net sales for August 2010 were $42.9 million, a decline of 2.3% from net sales of $43.8 million reported for August 2009. The company said that on a comparable store basis, net sales fell by 3.2%.

Destination Maternity Corporation attributed the decline in net retail sales primarily to a calendar shift during August 2010 because the company reports its sales on a calendar month basis instead of a weekly schedule. The month of August 2010 contained one extra Tuesday and one less Saturday than August 2009. Destination Maternity Corporation estimates that the calendar shift reduced comparable retail sales by 2.4% during the month.

Destination Maternity Corporation added one net new store to its retail store base as it opened one new location and did not close any. The company has a total of 1,677 total retail locations, composed of 701 stores and 976 leased locations in Department Stores. The majority of these leased locations are located in Sears and Kmart stores.

For more information on the company, go to www.destinationmaternity.com

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Corporate Resource Services (CRRS.OB) Makes Major Acquisition

September 2nd, 2010

Corporate Resource Services is a company on the move. Through its three wholly-owned subsidiaries, CRRS has established itself as a national provider of diversified staffing, recruiting and consulting services. Today, CRRS took another step forward with the acquisition of Tri-Overload Staffing Inc.

Tri-Overload Staffing Inc. is in the business of providing temporary and permanent employment staffing services and related support services principally to the insurance industry. Tri-Overload Staffing, which is now known as Overload Services, Inc., had sales of approximately $20 million for the nine-month period ending March 31, 2010, via a major U.S. presence with over 20 offices throughout the country.

CRRS completed this transaction for approximately $6.2 million which was paid through the issuance of approximately 8,590,000 shares of the company’s common stock. The transaction was reviewed and approved by a special independent committee of the Board of Directors.

Leading the way at CRRS is Jay H. Schecter who serves as the company’s CEO. When asked what this transaction will mean to the future of the company, Schecter was quoted as saying, “With this transaction, CRS continues to build scale as well as diversify its offerings. We now have a growing presence in the insurance industry, as well as in the light industrial and clerical industries. With the completion of this acquisition and the addition of Insurance Overload Services to our group, we have added, based on current levels of business, over $100 million of annualized revenues to the company’s operations since April of this year, when we acquired certain assets of GT Systems. This is an important step for the Company and we plan to continue aggressively our growth through additional acquisitions as well as organically.”

Currently, CRRS is trading in the $1.00 range. With this major acquisition and an established market presence, Corporate Resource Services may be a company on the rise.

To learn more about Corporate Resource Services, visit the company website at: www.aabilities.com.

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InoLife Technologies, Inc. (INOL.OB) to Market a Plavix Metabolizing Test to Physicians and Practitioners

September 2nd, 2010

InoLife Technologies, Inc., a service-based healthcare products development, integration and marketing company, recently announced that it will market its proprietary metabolizing test to physicians and practitioners to identify how a patient’s genetic makeup may affect the body’s response to Plavix (colpidogrel). Plavix, the second-best selling drug in the world, reduces the risk of heart attack, stroke, and cardiovascular death in patients with cardiovascular disease by making platelets less likely to form blood clots.

The Food and Drug Administration recently announced that Plavix must now carry a so-called “black box” warning label after a study revealed that patients with genetic variation were “3.58 times more likely to have a fatal stroke or myocardial infarction.” InoLife Technologies feels that this is an important test for those who take Plavix or who may need to take Plavix in the future. The company is very pleased that by addressing the black box warning, those who can be helped by this medication will be.

“We determined that there are three critical problems that can lead to a level of non-response to Plavix,” said Dr. Frederic J. Vagnini, M.D., FACS, a board-certified cardiovascular surgeon. “First, in anyone an abnormality may be present within a gene abbreviated as CYP2C19 (and other variants) which significantly increases the risk of stroke or death due to clotting failure. Second, there are different variants or mutations between ethnic groups; some studies have indicated that one in three Caucasians and 40 percent of Asian of African-American populations have this abnormality.”

Dr. Vagnini stated, “Among clinicians there have been discussions centering on differing dosing approaches. Perhaps the most important result of InoLife’s DNA test is that each patient will be able to have an individually tailored course of treatment since some require longer periods on it.”

For more information, please visit www.inolifetech.com.

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Steele Recording Corporation (SELR.OB) Announces Name Change to Steele Resources Corporation

September 2nd, 2010

Steele Recording Corporation announced yesterday that they changed their name to Steele Resources Corporation. They did this to represent better their primary business model of precious metals exploration. The Company reorganized in June of this year. Since then, they have been focusing on identifying advanced stage exploration properties that meet their criteria for possible development.

They have, to date, completed in depth reviews of over 25 properties in the Western United States. They believe they are narrowing the field of prime candidates. The Company’s subsidiary currently holds 30 mineral claims covering approximately 600 acres in Nevada. The Company’s OTC Bulletin Board trading symbol “SELR” will remain the same.

The Company announced, in conjunction with their name change, that they plan to start a Securities Awareness Campaign. A Securities Awareness Campaign is a series of informational releases and/or sponsored messages. These share a single idea and theme to create awareness of a company’s current business and future objectives and potential. In addition to the Company’s current newsletter and website, this Campaign may include placing Company information on other mineral exploration related websites, sponsoring research reports, interacting on message boards and distributing press kits and information.

Chief Executive Officer, Mr. Scott Dockter, commented saying, “This is a very positive step as our new corporate name, Steele Resources Corporation, better reflects our primary business model of identifying advanced stage exploration properties and working towards becoming an active gold producer in the state of Nevada. We are continuously identifying new potential projects in an effort to accomplish that goal, and it is important that shareholders and potential investors have an awareness and understanding of these efforts.”

Steele Resources Corporation primary goal is to create shareholder value by exploring and developing advanced stage gold and silver exploration projects through full-scale production. Their current property portfolio includes extensive opportunity throughout the Western United States.

For more information visit: www.steeleresources.com

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Ex-Oklahoma College Scientist Suggests Geothermal Heat Pumps Spend Less Electricity and Increase the Quality of Air

September 2nd, 2010

Did you know Gerald McClain, after numerous decades working with geothermal energy master James Bose at Oklahoma State College, has designed an innovative home geothermal heating and cooling system?

Heat pumps operate as a refrigerator in reverse, they normally use electrical power to move heat from one place to another instead of generating heat directly. As a result, they can be two to three times more power efficient than classic electric heating units.

A geothermal heat pump is a central heating and/or cooling system that pumps heat to/or from the ground. It uses the soil as a heat source (in the winter months) or as a heat sink (in the summer months).
The geothermal pump systems are between the most energy efficient solutions for providing HVAC (Heating, Ventilating, and Air Conditioning) and water heating.

The installation costs are higher than standard systems (about $45,000, but reduced by a 30 percent government tax credit), however the difference can be returned in energy cost savings in 3 to 10 years.

The Gerald McClain’s geothermal system is based on:

- Six one inch diameter pipes sunk 300 feet into the soft red clay below his home

- A water antifreeze mix in the pipes that picks up the ground’s constant sixty two degree F. temperature

- Three heat pumps in the attic that use a small electric powered compressor to heat or cool the home

The electricity for the pumps costs about $100 a month, much less than the usual heating and cooling costs in the area. A well maintained heat pump system not only saves energy, but will also blow outside air into the house, improving indoor air quality.

Indoor dust can pose health risks, in particular to young children. New facts (as released by the epa.gov site in Sept 2009) reveals that indoor dust is highly contaminated by persistent and endocrine disrupting chemicals (such as poly-chlorinated biphenyls).

Heat pumps achieve energy effectiveness by transferring heat around as opposed to liberating it. This is not to say there is no air activity with a heat pump, but the heat exchange lowers that process. So does the lack of a cold-cycle as it exists in many conventional furnaces, which also acts to blow dust through the house.

About the author – Lorie Wampler creates articles for the residential heat pumps blog. It’s a nonprofit blog targeted on her personal experience with A/C to decrease energy usage and improve indoor air quality. With this she would like to increase the attention on eco-friendly tips for the home and change the general public conception of energy efficiency.

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Kenexa Corp. (KNXA) Announces Agreement to Acquire Salary.com

September 1st, 2010

Kenexa Corp. is a global provider of business solutions for human resources. The company today announced that it has entered into an agreement for the purchase of Salary.com (NASDAQ: SLRY) in an all-cash tender offer of $4.07 per share, or approximately $80 million.

Salary.com provides on-demand compensation software that helps businesses and individuals manage pay and performance. The company is the industry leader in market pricing and has the best-in-class compensation analysis software that helps clients benchmark, compensate and reward its employees.

The proposed transaction has been approved unanimously by the board of directors of both companies and is expected to be completed in the fourth quarter of 2010. Kenexa expects to finance the deal through a combination of its cash balances and borrowings against its credit facility, which was recently put in place.

Kenexa believes the acquisition of Salary.com is compelling for several reasons including:

• A significant opportunity to expand Salary.com’s adoption in large organizations globally.
• Salary.com’s market leadership position in the on-demand, compensation management market.
• The complimentary business models and expected synergies with Kenexa’s current suite of talent acquisition and retention solutions.

Stock market participants seem to be in agreement with Kenexa’s optimism about the deal. Its stock is closed trading at $11.97 a share, up $0.86 or 7.74% for the day, on volume of about 215,000 shares. For further information on Kenexa, please visit its website at www.kenexa.com.

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US Natural Gas Corp (UNGS.OB) Expands Acreage in W. Virginia

September 1st, 2010

US Natural Gas, www.usnatgascorp.com – the independent energy firm focused on the acquisition of mature, long-lived oil and natural gas resources, reported acquisition of 120 acres of mineral rights in W. Virginia’s Wayne County today.

With its primary sites in Kentucky and West Virginia’s Appalachian Basin, the Company’s acquisition in the Lincoln District (Radnor Quad) of Wayne County is surrounded by several proven and highly productive wells drilled to an average of 5k feet and bearing no significant explorative efforts to date.

President of UNGS, Wayne Anderson, commented on the addition of acreage in West Virginia and noted the particularly promising potential of this new resource as nicely suited for one of the Company’s upcoming drilling programs.

Anderson also cited ongoing developments with the Wilon Resources, Inc. acquisition, reporting with pleasure to the Company’s shareholders that 43 wells are in production and delivering to Columbia Gas Transmission’s pipeline.

Projections indicate another six to seven wells will be in production by the middle of this month, after the Sulfa Treat vessels – required due to the high hydrogen sulfide output of these wells in particular – are installed and ready.

Anderson also outlined the imminent completion of several pending deep wells to shareholders. This Completion project, on wells which were drilled within the past four years, will launch this quarter.

Daily production output company-wide has steadily improved in recent months, according to Anderson, as UNGS has set about its reworking and completion efforts. The Company is still in the market for additional opportunities to grow shareholder returns by acquiring underutilized assets.

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GreenHouse Holdings, Inc. (GRHU.OB) Partners with PepsiCo® To Upgrade Energy Efficiency

September 1st, 2010

GreenHouse, www.greenhouseintl.com – the San Diego-based sustainable solutions provider with a global reach and a broad technology footprint which spans energy, infrastructure and biofuel, disclosed details today regarding a partnership with PepsiCo® to upgrade energy efficiency at Pepsi’s Buena Park bottling plant.

GreenHouse will act in its capacity as a qualified service provider of Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program, utilizing the Auto-DR system to reduce power consumption during costly peak hours while allowing PepsiCo to reduce operating costs and thus also receive financial incentives from SCE.

Customers of SCE using the Auto-DR program participate in an evolving smart energy grid initiative which is eco-friendly and readily promotes the responsible management of “critical resources like the electrical grid”, according to PepsiCo’s VP of Mfg., Pablo Cussatti.

Financial incentives and tech support for SCE customers with automated load control systems participating in the Auto-DR program make the deal even sweeter, and allow for automated energy optimization during demand response events and peak energy demand.

This constitutes a further recognition by PepsiCo of their commitment to transforming their infrastructure along energy-conscious parameters. Cussatti hailed SCE and GRHU for their dedication to helping the whole environment, from the underlying ecological biomes to PepsiCo and other ratepayers, through the judicious implementation of the Auto-DR program.

VP of GRHU, Rob Davis, described the symmetrical relationship between Auto-DR and the Company’s own vision of deploying cutting-edge technology and methods to reduce energy consumption.

Davis characterized this high-profile deal with Pepsi as an honor, and projected that it would likely be the first of many opportunities to participate in Pepsi’s ongoing corporate sustainability initiatives, as GRHU’s business philosophy is the employment of green solutions to reduce costs and increase profitability.

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CanAlaska Uranium Ltd. (CVVUF.OB) Appoints Investor Relations Firm

September 1st, 2010

CanAlaska Uranium Ltd. is undertaking uranium exploration in twenty 100%-owned and three optioned uranium projects in Canada’s Athabasca Basin, which is known as the “Saudi Arabia of Uranium”. Since September 2004, the company has aggressively acquired one of the largest land positions in the region, comprising over 3,900 square miles.

The company announced today that it has retained CHF Investor Relations (Cavalcanti Hume Funter Inc.), a well-established Canadian investor relations firm. The investor relations services agreement, effective September 1, 2010, is for a term of up to 12 months. It is subject to a satisfactory performance review at the end of six months.

In addition, it is intended that CHF will initiate a market-making program (adding liquidity) in CanAlaska Uranium’s stock. This will be conducted through a registered broker in compliance with the guidelines established by the Toronto Stock Exchange (TSX) Venture Exchange Policy 3.4 and other relevant regulatory policies.

Subject to TSX Venture Exchange approval, CanAlaska will compensate CHF with monthly fees of $7500 and incentive stock options. The company has granted CHF 300,000 options exercisable at 10 cents and 200,000 options exercisable at 15 cents. All of these options are exercisable for two years. According to TSX rules, no more than 25% of the options may vest in any three month period. In the event of CHF’s termination, any outstanding options would expire according to provisions of the company’s stock option plan.

For further information about CanAlaska Uranium, visit the company’s website at www.canalaska.com.

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iBio, Inc. (IBPM.OB) Teams up with Two Strong Industry Players to Develop and Market Biopharmaceutical Solutions

September 1st, 2010

Biopharmaceutical company iBio Inc. is commercializing its proprietary iBioLaunch(TM) platform to produce biologics including vaccines and therapeutic proteins.

The company today announced that it has entered into a joint agreement with its development collaborator Fraunhofer USA Center for Molecular Biotechnology (CMB), and GE Healthcare, a unit of General Electric Company (NYSE: GE), to collaboratively develop and globally market manufacturing solutions for biopharmaceuticals and vaccines based upon their respective proprietary technologies. Financial terms of the agreement were not disclosed.

The initiative combines GE Healthcare’s capabilities and worldwide presence in life sciences, iBio’s iBioLaunch plant-based vaccine and therapeutic protein manufacturing platform, and CMB’s advanced vaccine and molecular biology expertise.

Per the arrangement, GE Healthcare will integrate its bioprocessing products and process expertise with the iBioLaunch platform, and will support the development of products based on iBioLaunch.

Robert B. Kay, chairman and CEO of iBio, said he expects that the partnership with GE will provide rapid and expanded market presence for iBio’s technology platform.

“We expect this relationship with GE Healthcare to accelerate and broaden market penetration for our technology through access to GE Healthcare’s existing relationships and its skill and experience with project implementation and process development,” Kay stated in the press release. “This is another implementation of our model to affiliate and out-source with best-in-class collaborators like GE Healthcare and CMB as the fastest and lowest risk path to revenue growth.”

Dr. Vidadi Yusibov, executive director of CMB and chief scientific officer of iBio, said much background has gone into the arrangement to ensure a quick start.

“We have already done considerable planning and work with GE Healthcare to prepare for implementation of this agreement,” Dr. Yusibov stated. “Therefore, we expect this relationship to start quickly and continue long after its initial three-year term to provide important results for our collective customers as we combine GE Healthcare’s products, skills and relationships with the technology we developed and are implementing in our new Delaware facility.”

Further information is available at www.ibioinc.com

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Kore Nutrition (KORE.OB) Retains LBM Sales to Market and Distribute ALL IN Beverage Product Line

September 1st, 2010

Kore Nutrition Inc. and its wholly owned subsidiary Go All In Inc. today announced their business partnership with LMB Sales Inc., in which LBM will represent and market ALL IN’s non-alcoholic beverage products throughout the Western United States.

LBM will serve as one of Kore’s initial key distributors. The California-based marketing and distribution company has a network of established relationships with some of the largest and most well-known retail distributors in the U.S. and has a successful track record of attracting new retail clients. Kore said it will first target major retail store chains such as Kroger, Walgreens, 7-Eleven, Costco and Walmart for distribution of ALL IN products.

ALL IN president and CEO David Powley said the company’s goal is to utilize LMB’s distribution network to successfully penetrate the beverage market.

“LMB Sales has significant relationships with some of the largest retailers in the United States, which will enable ALL IN’s healthier alternative energy drinks to quickly become a household name to the millions of beverage consumers,” Powley stated in the press release.

LMB is expected to play an “integral role” in the North American marketing and distribution of ALL IN products, with upcoming plans to offer the products in casinos and retail outlets across California, Nevada and Arizona.

For more information visit www.allinenergy.com and www.allinenergy.net

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China Interactive Education, Inc., (CIVN.OB) Announces Appointment of New Chief Financial Officer

September 1st, 2010

China Interactive Education, Inc., a pioneer in providing interactive teaching and learning solutions to China ’s educational institutions, professional training schools, and individuals, recently announced that the company has appointed Mr. Hon Wan Chan as chief financial officer, effective September 1, 2010. Mr. Chan replaces Mr. Ting Pong Cheung, the former chief financial officer, who resigned on August 31, 2010, for personal reasons, and not in connection with any disagreement with the company.

With more than 25 years of experience in overseeing accounting and finance matters for emerging market companies, Mr. Chan earned his master’s degree in accounting from the Hong Kong Polytechnic University and his bachelor’s degree in Economics from Macquarie University in Australia. Prior to joining China Interactive Education, Mr. Chan served as chief financial officer of Sino Clean Energy, a NASDAQ-listed company, as a finance/business director for Hong Kong-based Texwood Group, Inc., and as a financial controller of Fairwood Fast Food Ltd., a Hong Kong listed company.

Mr. Ruofei Chen, chief executive officer of China Interactive Education, stated, “Mr. Ting Pong Cheung has been instrumental in transforming the Company into a U.S.-listed company. His expertise in bridging China and U.S. GAAP has been critical to our development and we wish him the best in his future endeavors.”

Mr. Chen continued, “In the wake of Mr. Cheung’s departure, we would like to welcome Mr. Helice Chan to our management team. Mr. Chan previously served, since July 1, 2010, as our SEC financial filing coordinator, and is already integrated with the company’s accounting team. We believe that Mr. Chan’s extensive background in financial accounting and his experience as CFO of a U,S. public company will be vital to our continued financial growth.”

For more information, please visit www.menq.com.cn.

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Consorteum Holdings, Inc. (CSRH.OB) Successfully Deploys Payment Cards Pilot Program for First Nations

September 1st, 2010

Consorteum Holdings, Inc. was pleased to announce this morning that on July 27, 2010, its client, First Nations Financial Services (“FNFS”), deployed its first pilot program of MasterCard benefits cards. As previously agreed to, FNFS funded the expenses of the pilot, which was launched with the Madawaska Maliseet First Nation Community, in Edmundston, New Brunswick, Canada.

Targeted at the community’s administration group, the pilot will provide valuable data for expansion of the program. According to the press release, Consorteum Holdings will launch a multi-location pilot rollout in the next 2-3 months subject to the success of the pilot and to receipt of additional funding. This initial deployment is the first of a suite of products and services, including point-of-sale services as well as additional banking, credit and related financial offerings, for aboriginal communities in North America.

Mr. John Bernard, a First Nation’s partner in the initiative, stated, “This pilot will enable us to clearly identify the requirements for rollout of the initiative on a much larger scale. We are very pleased with the progress and look forward to the next stages of deployment.”

Chief Joanna Bernard of the Madawaska Maliseet Community said, “This pilot will provide important feedback on how we can launch the initiative nationally. We are pleased to participate in the program, and given the initial feedback, we look forward to a successful national launch.”

Craig Fielding, CEO of Consorteum Holdings, added, “This program will contribute dividends back to participating communities, and as an aboriginal sponsored program, provides much needed services to the communities. Collectively we expect the program to be beneficial and profitable to all parties.”

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Accuray Inc. (ARAY) Reports Q4 FY2010 Financial Results

September 1st, 2010

Accuray Inc. reported strong increases in sales and net income on a year over year basis in the fourth quarter of fiscal 2010, ending 6/30/2010. The company reported net income of $5.0 million, or $0.08 per diluted share, in the fourth quarter of fiscal 2010, compared to net income of $1.2 million, or $0.02 per diluted share, in the same quarter in fiscal 2009.

Accuray reported a 5% increase in sales in the fourth quarter of fiscal 2010. The company had sales of $61.8 million in the quarter, compared to sales of $58.8 million in the final quarter of fiscal 2009. Accuray also added to its backlog during the final quarter of fiscal 2010. Backlog for the company ended the fourth quarter of fiscal 2010 at $374 million.

Accuray Incorporated established guidance on sales for fiscal 2011, expecting sales to be in a range from $210 million to $225 million for the year.

The CyberKnife Robotic Radiosurgery System is used in the treatment of cancer and delivers radiation to treat tumors in patients. The company reported an installed base of 206 systems worldwide.

For more information on the company, go to www.accuray.com

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Yasheng Group (YHGG.QB) Starts Trading Common Stock on OTCQB Stock Market

September 1st, 2010

The Yasheng Group is a young entity that has started to establish a name for their company among investors. Located in Redwood City, California, the Yasheng Group is a diversified agriculture conglomerate with their core business focused on hi-tech agriculture which takes advantage of Yasheng’s use of extensive fertile lands in China. Today, the Yasheng Group took a major step towards prominence with the announcement their common stock will be traded on the OTCQB Stock Market.

This move by Yasheng is a prime indicator the corporation may move to a senior U.S. securities exchange in the future as the company’s management continues to explore all options before advising shareholders which may be the best direction.

One of the leaders of the Yasheng Group is Zhou Changsheng who serves as the company’s Chairman. Commenting on what this move will mean to the future of the Yasheng Group, Changsheng was quoted as saying, “Yasheng Group’s subsidiaries have been consistently growing in China for three decades. The upgrade to the OTCQB is a reflection of the growth of our company and recognition of our commitment to our shareholders to provide them with full and complete financial information on a regular basis as required by the United States securities laws and regulations.”

To learn more about the Yasheng Group, visit the company website at: www.yashenggroup.com.

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Concurrent (CCUR) Reports Results For Fiscal 2010

September 1st, 2010

Concurrent reported a decline in sales and a net loss for fiscal 2010 due to lower capital expenditures by some of its customers.

Concurrent reported sales of $60.4 million in fiscal 2010, compared to $71.6 million in fiscal 2009. The company reported a net loss of $1.0 million, or ($0.12) per diluted share in fiscal 2010, compared to a net loss of $14.4 million, or ($1.75) per diluted share in fiscal 2009. The large net loss in fiscal 2009 was caused by a $17.1 million impairment charge.

The management of Concurrent attributed the decrease in sales in fiscal 2010 to a reduction in orders by two cable customers during the first half of the fiscal year. Despite the slow down in orders, management was optimistic on the upcoming fiscal year.
Dan Mondor, the CEO of Concurrent, said, “I believe we are well-positioned for long-term growth with our new three-screen video and media data solutions. I am encouraged by the expanding market awareness of Concurrent and the steady increase in customer acceptance of these solutions.”

Concurrent ended the fiscal year with cash and cash equivalents of $31.4 million, compared to $29.1 million at the end of fiscal 2009. The company reported no long or short-term debt at the end of fiscal 2010.

For more information on the company, go to www.ccur.com

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Silverado Gold Mines Ltd. (SLGLF.OB) Drill Core Examination Shows Mineralized Widths Over 60 Feet

September 1st, 2010

Silverado Gold Mines Ltd. noted in a press release yesterday that the antimony markets have advanced from $4,000 per tonne (2200 lbs.) in early 2009 to $9,800 per tonne in July 2010. This is according to Martin Hayes, chief correspondent of TheBullionDesk.com, a London metals trading company.

The U.S. Geological Survey (USGS) shows that China produced 170,000 tonnes of antimony out of a total 2009 global output of 187,000 tonnes. China is the world’s largest producer of antimony. Chinese smelters are being rebuilt to upgrade scrubbing systems (pollution controls) and mine production is off dramatically due to mine closures because of a number of major mining accidents in the last year. This is also the case in South Africa.

Due to this major decline in output and given the antimony, trioxide flame retardant industry continues to grow at 8 percent per year, and as new uses for the strategic metal emerge, the market price is expected to continue rising. New uses for the metal include window frames for building construction and additives to carbon fiber components.

Silverado Gold Mines Ltd.’s Nolan property displays North America’s most consistent width (six inches to two feet) of stibnite (antimony sulfide) as an ore body grading 28 percent antimony or 616 pounds per metric tonne. The main vein now undergoes drilling over a 3,500-foot length and to the northeast along a series of anomalous geochemical and geophysical zones where the #1 vein surfaces again at a width of 6 inches of solid or massive stibnite assaying 28 percent antimony and containing native gold.

The Company has continued drill core studies in the Pringle Bench area of the 3,500 foot long by 450 to 500 foot deep drilled zone. This study has confirmed that the halo of quartz carbonate stockwork of veins and veinlets containing stibnite and native gold continues to the northeast limit of drilling with mineralized widths of up to 30 feet either side of the #1 vein.

Headquartered in Vancouver, British Columbia, Silverado Gold Mines Ltd. is an exploration-stage enterprise focused on the exploration of gold properties with some past production. They have gold properties located throughout Alaska. This includes a 100 percent interest in numerous mining claims located on the Nolan Creek property.

For more information visit: www.silverado.com

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Micro Identification Technologies, Inc. (MMTC.OB) Builds Manufacturing To Meet Growing Demand

September 1st, 2010

Micro Identification Technologies Inc., developers of the MIT 1000, a patented microbial identification system that can identify bacteria faster and less expensively than any other method available, today announced that it is making significant progress in the production of the MIT 1000. This is important, since demand for the revolutionary system, already used by the U.S. Department of Agriculture and the Japanese Ministry of Food Safety, has been building. Their success in growing manufacturing capability is due largely to the company’s recent manufacturing alliance with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (NASDAQ: OSIS), to produce the MIT 1000. OSIO has manufacturing facilities in California, Malaysia, and India.

There’s nothing like the MIT 1000. It can identify a wide range of potentially dangerous bacteria in minutes instead of days, without chemical or biological agents, without fluorescent tags, gas chromatography, or DNA analysis, saving money as well as time. With the increased calls for food safety, revenues for rapid testing methods have expanded at an annual rate of over 9% since 1998, and already exceed $5 billion annually. Current growth projections are at 10.2% annually, reaching $6.2 billion by 2013.

MIT’s Executive VP and COO, John Ricardi, commented on the manufacturing progress. “All of OSIO’s world class facilities are ISO 9001:2000 certified, FDA registered and GMP compliant making them the perfect company to fabricate MIT’s systems for food safety applications as well as planned pharmaceutical and clinical diagnostic applications. While we are predicting quantity deliveries of the MIT 1000 System by the end of this year, initially the systems will be built in OSIO’s California facility, as volume increases, fabrication will move to one of their lower cost overseas facilities enabling MIT to improve future profit margins.”

To help fund the growth, MIT has entered into a three-year $5 million equity agreement with Boston-based private equity firm Dutchess Capital. MIT CEO, Michael Brennan, stated, “We have been very pleased working with Dutchess, which has an excellent track record in the investment banking industry and has been a leading provider of private equity for over 10 years. Their successful background was the primary reason we selected them to be one of our partners.”

For more information, visit www.micro-identification.com.

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Delek Group Ltd. (DGRLY.PK) Posts First Half and Q3 2010 Financial Results

August 31st, 2010

Delek Group Ltd. today reported its financial results for the three- and six-month period ended June 30, 2010.

Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009.

For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas.

Operating profit in the second quarter of 2010 totaled NIS 676 million, an increase of 32 percent compared to NIS 513 million reported in the second quarter of 2009.

Delek’s operating profit for the first six months of 2010 totaled NIS 1.1 billion, an 18 percent increase compared to NIS 940 million in the same period in 2009.

The company reported net income in the second quarter at NIS 64 million, compared with NIS 233 million reported in the comparable quarter of 2009. Net income for the first six months was NIS 269 million, compared with the NIS 380 million in the comparable six months of 2009. The company attributes the reduction to an increase in financial expenses at some of its subsidiary companies.

Group total assets as of June 30, 2010, amounted to NIS 86.2 billion, compared with NIS 84.3 billion as of December 31, 2009.

Asaf Bartfeld, CEO of Delek, said the company is pleased with its results for 2010 thus far, and that it will execute a strategic business deal in the fourth quarter that will boost its operations.

“We are happy with our performance so far in 2010. All our businesses are performing well and we are seeing a solid improvement in the results of Delek Europe, which contributed significantly to our profitability in the first half of this year. In the fourth quarter we will complete the purchase of BP’s retail fuel and convenience store business in France, a strategic deal for us which will significantly expand our activities in Europe. Furthermore, in our upstream sector, we are excited about the initial exploration drilling that we will commence in the coming months at the Leviathan prospect off the coast of Israel. We remain highly focused on investing in our oil and gas exploration activities, which has been highly successful to date and has tremendous potential for the Group,” Bartfeld stated in the press release.

For more information visit www.delek-group.com

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