Archive for August, 2009

AuthenTec (AUTH) Announces New VP and GM for China-Based Operations; Expected to Enhance Expansion Initiatives

Monday, August 31st, 2009

AuthenTec is a global provider of touch-powered technology applicable to PCs, cell phones and other devices, creating a “smart fingerprint” solution for Web sites, online social networks and digital identity.

The company announced the expansion of its Shanghai operations, naming Dr. Lunji Qui as vice president and general manager of AuthenTec China, which is the base of operations for the company’s software, sales and technical support. Dr. Qui’s various notable positions with Atrua Technologies, Broadcom China, and Motorola in Singapore position him to lead all aspects of AuthenTec China, including business development, software expansion, customer support, and marketing and sales.

Scott Moody, AuthenTec chairman and CEO, said Dr. Qui’s background in fingerprint sensor solutions will enhance the company’s steps to take advantage of global opportunities.

“We are extremely pleased to appoint Dr. Qiu to lead our business development efforts and our growing software development team in China,” Moody stated in the press release. “Dr. Qiu brings a proven track record as a general manager and has a strong background in fingerprint sensor technology and the mobile handsets market, including experience in embedded systems, software development and customer support. His background and expertise, coupled with our expansion initiatives will help us further pursue the tremendous growth opportunities not only in China but the rest of the world, as well.”

The company recently announced three new additions to its 28-member China team, including two senior field applications engineers and a sales account manager; AuthenTec also plans on employing several software development engineers in the upcoming months, all overseen by Dr. Qui.

“I’m excited for this opportunity to lead the AuthenTec China team and continue the momentum and development of AuthenTec’s outstanding technologies to take advantage of the growing opportunities in China and the region,” said Dr. Qiu. “AuthenTec’s total solution is well suited for the leading OEMs and ODMs in China. I also look forward to expanding a strong software development and support infrastructure that will benefit not only customers in the region, but PC and wireless customers around the world.”

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China XD Plastics Company Ltd. (CXDC.OB) to Add High-End Modified Nylon Products

Monday, August 31st, 2009

China XD Plastics Company Ltd., the largest developer, manufacturer and distributor of modified plastics, primarily for automotive applications in China, recently announced that the company’s wholly owned subsidiary, Harbin Xinda Macromolecule Material Company Limited, has entered into a non-exclusive agreement with Changchun Wanbofeng Plastics Company Limited (“Wanbofeng”) to distribute its newly developed carbon fiber reinforced nylon composite product.

Carbon fiber reinforced nylon composite products are mainly used in auto parts and components of mid-class and luxury vehicles. Compared to traditional modified nylon, the company’s new product provides higher performance and is more than 30 percent more cost effective for consumers over imported products. Already certified by the FAW Group Corporation, the largest automobile manufacturer and pioneer of the automobile industry in China, the company expects its carbon fiber reinforced nylon composite products to displace similar imported materials with competitive pricing over imports and offer a higher level of product customization to its customers.

Mr. Jie Han, the chairman and chief executive officer of China XD Plastics, stated, “High-end and high margin modified nylon products have been one of our key R&D initiatives for many years. The successful development of carbon fiber-reinforced nylon showcases China XD Plastics’ ability in product innovation.” He continued, “We are also delighted to see our new product development beginning to bear fruit and being recognized by a specialty nylon product distributor in Northeast China, Changchun Wanbofeng Plastics Company Limited, only three months after we added a new distributor in North China. Through Wanbofeng’s sales network, we will be able to accelerate sales volume of high margin nylon products in Northeast China, thus enhancing our overall gross margin.”

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Jennifer Convertibles, Inc. (JEN) Opens Two New Furniture Stores

Monday, August 31st, 2009

Jennifer Convertibles, Inc. (JEN) announced that it was opening two more Ashley Furniture HomeStores, bringing the total to four. The two new stores will be located in Farmingdale, N.Y. and Elmhurst, N.Y., and are operated under a license agreement with the parent company. Although the number of Ashley Stores is relatively small, the store chain is an important part of the overall company, and sales were 15% of the company’s total in the most recent quarter.

Jennifer Convertibles reported a loss of $1,532,000, or ($0.22) per share, in its third fiscal quarter ending 5/30/09. The company also saw revenues fall to $22.1 million, down 21.9% from the same quarter last year. Cash and equivalents at the end of the quarter totaled $6.1 million.

Harley J. Greenfield, the CEO of Jennifer Convertibles said, “We are still very optimistic about the future. When either the economy begins to strengthen or our new marketing initiatives take hold, we have positioned ourselves to quickly resume sales momentum with a highly efficient infrastructure and a very competitive product mix.”

Jennifer Convertibles owns and licenses a chain of 149 sofa bed specialty retail stores in the United States, and 14 Leather furniture stores.

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Hy’bred International, Inc. (HYII.PK) is “One to Watch”

Monday, August 31st, 2009

Hy’bred International, Inc. is a manufacturer of a therapeutic horseshoe. The Company focuses on creating and developing the Hybred Horseshoe, an aluminum horseshoe with a bonded urethane composition. Hybred International, Inc. has their corporate headquarters in Hackensack, New Jersey.

The Hy’bred horseshoe is an advanced Aluminum/Urethane horseshoe. It is light, durable, long lasting, and it reduces shock and concussion. In addition, the product improves traction, reduces injury, improves performance, and is suitable for partially lame or injured horses. The horseshoe is also easy to shape.

Hy’bred International, Inc. announced last December that mass production of the HYBRED horseshoe was underway. This was the result of three years of research and development work completed by the Company. Hybred came to market through an agreement with Thoro’bred, Inc., the world’s largest aluminum horseshoe manufacturer. Thoro’bred, Inc manufactures and markets the Hybred Horseshoe through their catalogue, tack shops, farrier and supply stores, and through marketing materials. They do this in the U.S. and internationally.

On June 16, 2009, Hy’bred International, Inc. announced that they entered into research and development to further extend their line of products for the safety and welfare of the equine industry. They are working on the development of a horseshoe that will find use for horses engaged in the sport of Polo.

“Horses require different shoes than those that are involved in racing or other activities. With maintenance costs in the United States alone topping $100 Million a year, and the lack of focus on this sector, we at Hy’bred International feel this is a niche market that can benefit from our technology,” stated Gary Kouletas.

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August 31st CEOcast Weekly Newsletter

Monday, August 31st, 2009

Companies featured in this edition of the newsletter: CVM, ICLK, IMUC, ITUI, IWEB, MBCI, NXOI, OMCM, ONEZ, PHC, SRCO, SVUL, XCR

Markets closed moderately higher yet again this week, as mostly better than expected economic data helped stave off profit taking to leave most indices in positive territory on the week. All told, the Dow ended the week up 0.4%, closing at 9544, up 38 points, bringing its YTD gains to 8.7%. The Nasdaq also gained 0.4% on the week to close at 2028, bringing its yearly gains to 28.6%, while the S&P 500 gained 0.3% and the Russell 2000 lost 0.3%, bringing their yearly gains to 13.9% and 16.1% respectively.

Economic news was in focus yet again this week in the absence of any market driving earnings data, as new home sales for July rose at 9.6%, posting its strongest gains since 2005. This positive development coupled with last week’s better than expected housing data left many investors speculating that a bottom in the housing market may be near. Positive news was also received in the form of an increase in consumer confidence, as the figures for August rose more than expected, coming in at 54.1, well above consensus estimates calling for 47.9. Labor data left little room for positive interpretation however, as new unemployment claims came in higher than expected and continuing claims fell, but the decline is more likely a reflection of workers exhausting their benefits rather than a rebound in job markets.

In corporate news, Intel raised its Q3 revenue guidance to $9 billion citing stronger than expected demand for microprocessors and chipsets. The company’s previous forecasts were for revenue to exceed $8.5 billion. In other corporate developments, Dell reported a 23% decline in its second quarter profit, but still managed to beat EPS estimates calling for $0.23 per share, posting a gain of $0.28 per share.

What should investors look for this week? Earnings releases will be few and far between, but look for results from Sun Microsystems (NASDAQ: JAVA) on Monday before the bell.

Economic releases for the week begin with Chicago PMI for August, due out on Monday at 9:45 am. On Tuesday, look for July Construction spending, released with the ISM Index for August at 10:00 am, with Truck and Auto Sales following at 2:00 pm that same day. ADP Employment Change is due out at 8:15 am Wednesday morning, followed by Revised Q2 Productivity figures at 8:30 am, Factory Orders for July at 10:00 am, weekly crude inventories at 10:30 am, and FOMC minutes from the August 12th meeting at 2:00 pm. On Thursday, weekly initial jobless claims will be released at 8:30 am, followed by ISM Services for August at 10:00 am. Friday will be a busy day for labor data, as Average Workweek, Hourly Earnings, Nonfarm Payrolls, and the Unemployment Rate, all for August, will be released together at 8:30 am.

Conference schedules will be light again this week, but look for the two-day Morgan Stanley Global Industrials Unplugged Conference beginning on Tuesday in New York, and the three day Lazard Capital Markets Retail & Apparel Conference which is being held in Las Vegas beginning on Sunday.

Volume Alert: Shares of late stage cancer immunotherapy company and the developer of vaccine to treat and fight infectious diseasesCEL-SCI Corporation (AMEX: CVM), surged 48% on almost four times average volume last week on growing concerns regarding the potential threat of swine flu emerging as the traditional flu season approaches. The company recently announced that it had expanded the scope of its work towards creating a novel treatment and vaccination against the current H1N1 virus, as well as future mutations, and has indicated that it expects to provide an update on its operations regarding the current form of the virus within the next month. Shares gained twenty three cents on the week to close at $0.71.

Pioneer Behavioral Health (AMEX: PHC), a leading provider of inpatient and outpatient behavioral health services, announced last week that it has been awarded a contract by the Salt Lake City Veteran’s Administration Medical Center (VA) to provide behavioral health services at the company

s Highland Ridge Hospital in Salt Lake City, Utah. The initial term of the contract is nine months, with six month renewal periods. PHC is guaranteed a minimum of $1.24 million under the initial term, with revenue for each six-month contract extension bringing in $792,000. Highland Ridge will provide the VA with eight psychiatric and detoxification beds. PHC also has the opportunity to receive additional revenue for providing care for patients beyond the allocated beds on a fee-for-service basis. Shares gained sixteen cents on the week to close at $1.58.

Xcorporeal, Inc. (AMEX: XCR), a development stage medical device company that is developing an extra-corporeal platform of products that might be used in devices to replace the function of various human organs, announced last week that it has received notice that its shares will be delisted from trading on the NYSE Amex Exchange. The company plans to seek listing on the Over the Counter Bulletin Board which it feels will offer significant savings resulting from a reduction in fees associated with being traded on a national exchange. Shares lost three cents on the week to close at $0.19.

interCLICK (OTCBB: ICLK), a leading internet advertising network, announced last week that it has appointed Kurt Munzinger as senior vice president of sales for the west coast region. Mr. Munzinger has a decade of proven success at top ad networks including Specific Media and Advertising.com, and will oversee the west coast sales team with an emphasis on driving market development, and establishing new client and industry relationships to continue interCLICK’s rapid growth. He joins interCLICK from Specific Media where as the vice president of advertising sales, west coast, he built out its sales force and grew revenue by 1000% over a three year period. The company is excited to have retained the services of someone with the experience level of Mr. Munzinger and expects that he will be instrumental in implementing the aggressive growth strategy that it has laid out for 2010. Shares lost eight cents on the week to close at $1.80.

IceWeb (OTCBB: IWEB), a storage technology company specializing in Geographic Information Systems (GIS) that provides services to bureaucratic and corporate organizations, announced last week that optional software modules are now available for Iplicity allowing organizations to virtualize underlying storage for Virtual Machines. The Iplicity VM Data Center add-in module, priced at $1,900 is available immediately for Iplicity 2.1 users, and will allow them to virtualize the underlying storage for all of their servers. This latest platform upgrade allows IWEB to capitalize on the growing trend of organizations migrating from physical computer servers to virtual server environments, a more cost effective, time saving and environmentally friendly storage option. Shares gained a penny and a half on the week to close just above $0.095.

Volume Alert: Shares of MabCure (OTCBB: MBCI), a biotechnology company using its proprietary technology to create highly specific monoclonal antibodies (MAbs) for the early detection of cancer, surged 41% on over 14 times average volume last week, following the announcement that it had been featured in the June 4, 2009 edition of BioWorld Today, a highly respected news source within the biotech industry. The company was featured in a cover story titled “MabCure’s Revamped Hybridoma Approach Seeks Cancer Antigens,” and describes the company’s “new take on a classic drug discovery technology,” detailing how MabCure is developing monoclonal antibodies against difficult-to-pinpoint tumor specific antigens for the diagnostics market. The article focuses on the company’s ability to successfully differentiate amongst specific types of melanomas to recognize both advance and early ocular melanomas, and how the development suggests that the MabCure technology could potentially generate antibodies that can recognize early disease in other cancers as well. The article went on to note that MabCure is gearing up for clinical testing in prostate and ovarian cancers and that the company intends to seek a commercial partner in the diagnostic field for those programs. Shares gained thirty two cents on the week to close at $1.10.

OmniComm (OTCBB: OMCM), a leader in integrated electronic data capture (EDC) solutions for clinical trials, announced last week that their EDC tool, TrialMaster(TM), has been selected by Pleiad, Inc., a Cambridge, Massachusetts based Contract Research Organization (CRO) with European operations in the U.K., to provide eClinical services to its customers engaged in two separate studies examining the use of ophthalmic medical devices. The partnership is expected to generate more than $1 million to OmniComm over the next few years, and represents a continuation of an ongoing collaboration between the two companies. Shares remained unchanged at $0.24 on the week.

Volume Alert: Shares of ImmunoCellular Therapeutics, Ltd. (OTCBB: IMUC), a clinical-stage biotechnology company that is developing immune based therapies for the treatment of brain and other cancers, surged 73.6% last week on more than six times average volume, establishing a new 52-week high in the process. At ASCO earlier this year, the company reporting promising clinical data from a Phase I trial evaluating ICT-107, IMUC’s dendritic cell-based cancer vaccine product candidate for the treatment of glioblastoma. Seven of the 16 newly-diagnosed patients demonstrated stable disease with median progression-free survival of 64 weeks, and three of these seven patients have progression-free survival of over two years. The median progression-free survival time of newly-diagnosed glioblastoma patients is historically 30 weeks. Shares rose 41 cents for the week to close at $0.90.

ONE Holdings (OTCBB: ONEZ), an investment company owning majority equity interest in core operating assets in Biotechnology located in the Asia Pacific region, announced last week that it has elected Michael Weingarten as Chairman of the Board. Mr. Weingarten has over 30 years of international business experience, having successfully led a multitude of companies ranging from early stage development to multimillion dollar corporations worldwide while participating in over 40 mergers and acquisitions in his career and raising millions to fund both organic growth and acquisitions. The company expects that his experience and leadership abilities will prove critical as they continue to acquire, fund and grow biotechnology and health-related companies in the Asia-Pacific region. Shares gained seven cents on the week to close at $1.12.

Sparta Commercial Services (OTCBB: SRCO), a nationwide financial services company dedicated to the powersports industry, announced last week that it has entered into a strategic agreement with Armet Armored Vehicles, Inc, a worldwide leading manufacturer of custom designed armored vehicles. Under the agreement, Sparta will offer its Lease Purchase Financing Product to municipalities throughout the U.S. that purchase units from Armet’s line of tactical armored vehicles. Sparta’s Lease Purchase Financing allows municipalities to purchase vital equipment and property through installment lease payments, with no large, up-front cash outlays required. While SRCO remains dedicated to providing financing for the powersports industry, it expects that this latest deal will significantly increase the volume of business in the company’s Municipal Leasing Program which, although originally focused on leasing fleets of police motorcycles, is designed for virtually any type of vehicle, as well as other equipment. Shares lost half a cent on the week to close just below $0.065.

Steel Vault (OTCBB: SVUL), an emerging provider of identity security products and services, announced last week that it has entered into a strategic media and marketing partnership with the Miami Hurricanes and Hurricane Sports Properties designed to increase subscribers for Steel Vault’s services. The partnership includes exclusive in-stadium advertising of NationalCreditReport.com and CanesCreditReport.com powered by NationalCreditReport.com at all Miami Hurricanes regular season home football, baseball, and men’s and women’s basketball games, plus other campus sports including regular season home women’s soccer, men’s and women’s track and field, and men’s and women’s tennis, for a minimum of 80 events. The partnership also includes online advertising at HurricaneSports.com and sponsorship of the daily Official Sports Report sent to season ticket holders and other supporters. The company believes that the partnership has significant marketing and revenue potential as it will greatly expand the awareness of its service offering to a large population at the University of Miami, a world-class academic and athletic institution. Shares remained unchanged at just over $0.24 on the week.

i2 Telecom (OTCBB: ITUI), a leading developer of award-winning patented and innovative high-quality mobile applications and services, announced last week that it has appointed Richard H. Roberson as the company’s Chief Financial Officer. Mr. Roberson has 26 years of experience in business, finance, public accounting and enterprise leadership, and most recently served as Senior Vice President and Chief Financial Officer of Excel Telecommunications, a telecom company based in Dallas, Texas. The company is pleased to have added an industry veteran with as much as experience as Mr. Roberson has, and believes that he will be an invaluable member of the team as they continue to grow their business and transition from research and development to an operating company. Shares gained half a cent on the week to close at $0.055.

SPECIAL SITUATIONS:

Next 1 Interactive (OTCBB: NXOI) $1.85

Since the beginning of the global economic slowdown, many advertisers have begun looking for alternative ways to reach consumers that focus more on return on investment and less on big budget mass marketing campaigns. As budgets were slashed in the wake of the slowdown, advertisers have been forced to shift towards more highly targeted solutions that focus on bringing their message directly to their target demographics without the waste associated with the larger campaigns. Next 1 Interactive is a company that is well positioned to capitalize on the shifting expectations of advertisers looking to maximize their marketing dollars by offering a highly targeted network of media assets centered around the real estate and travel/leisure markets.

The company’s strength lies in its simple, straightforward business model that provides advertisers with a number of options for directly reaching consumers in their target demographics by operating in two divisions, travel and media. The travel division operates NextTrip.com, a travel site that includes professional and user-generated content, social networking, a directory of travel affiliate links, and travel business showcases. The website also offers live 24/7 travel talk radio, travel articles, destination guides, and travel deals, and allows advertisers such as hotels, airlines, cruise lines, and tour operators to place banner ads and showcases, providing a highly targeted advertising opportunity to marketers by connecting them with consumers interested in their businesses who are actively seeking the very opportunities that they are marketing. The media division operates a 24 hour digital cable TV network that provides advertising solutions for local realtors and an Internet radio station that includes 6 hours of travel- talk shows, further providing advertisers with highly targeted high return on investment marketing solutions.

In addition to their assets in the traditional media space, the company has also recently acquired The Resorts & Residence Network, one of the first interactive TV networks, offering the consumer the ability to control where, when and how they access content on TV with supporting solutions for web and cellular devices. The Network combines targeted lifestyle programming with interactive advertising and transactional shopping components that enable viewers to request information, make reservations and get an in-depth look at products and services all through their remote control. The network is scheduled to launch to 25 million households this fall through Direct TV, AT&T, Verizon and select Comcast and Capital Broadcast markets. The goal is to reach 40 million households by the first quarter of 2010.

With a strong portfolio of media assets offering highly targeted marketing opportunities to advertisers, Next 1 Interactive appears poised to capitalize on the shift towards higher ROI marketing strategies that have begun to dominate the industry. The recent acquisition of the Resorts & Residence Network and the scheduled launch through Direct TV make now an excellent time to consider investing in the company as its profile is sure to be raised significantly among both consumers and marketers. As more and more advertisers continue to seek out the highest possible return on their investment, companies such as Next 1 Interactive could see increased profits as a result of their ability to deliver highly targeted, consumer specific marketing opportunities to companies seeking the most bang for their buck.

Homeland Security Capital Corp. (HOMS.OB) Receives $14 Million Contract

Monday, August 31st, 2009

Premier international provider of specialized technology-based disaster relief, Homeland Security Capital Corp. announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC), received a $14 million contract for health physics and on-site laboratory support services. This contract was awarded to SEC for a one year base period through September 30, 2010, and three option years taking the contract end date through September 2013.

SEC is a rapidly growing U.S.-based environmental services company that provides services both domestically and overseas in Europe and the Caribbean. The company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, various other federal agencies, and also for private industry. Since its conception in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with annual revenues of more than U.S. $70 million.

CEO and HSCC President, Christopher Leichtweis, commented, “SEC is excited about continuing our support to the USACE and EPA Region 2 mission in providing these highly technical environmental services.”

SEC`s scope of work includes radiological engineering and health physics, industrial hygiene, radiological protection operations, and database management to support soil remediation activities on multiple sites in Bergen County, NJ.

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ICP Solar Technologies, Inc. (ICPR.OB) Prepares to Introduce iSun(R) Mobile Products to the Market

Monday, August 31st, 2009

ICP Solar Technologies Inc., a developer and marketer of innovative, proprietary solar panels and products, announced that it anticipates introducing its line of iSun(R)-branded portable solar chargers before the end of next month.

The chargers, which are being targeted to road warriors and urban explorers who are always “on the go,” have been designed to easily power most cell phones and PDAs while retaining scalability, modularity, pocketablity, and attractiveness. According to the press release, they will be sold through distributors worldwide as well as over the company’s website.

“We are excited to finally bring to market these fresh, cutting-edge solar chargers designed specifically for today’s huge portable communication market,” said Sass Peress, Chairman and CEO. “Our iSun(R) products — offered in sleek, user-friendly applications that are as attractive as they are practical — represent the next generation of innovation at ICP Solar and are designed for the billions of cell phones and PDAs already operating worldwide.”

Mr. Peress continued, “ For power-hungry smart phones, mobile music players, and GPS devices, the iSun(R) will offer a practical, easy-to-use answer for getting energy quickly and efficiently. ICP Solar, in broadening its portfolio beyond its existing sunsei(R), Coleman(R), and Energizer(R) brands, expects to see accelerating revenue growth and improved bottom line results as it provides dependable solar solutions for all kinds of lifestyles.”

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Cannabis Science, Inc. (CBIS.OB) Signs Strategic Agreement to Advance State and Federal Agencies Programs

Monday, August 31st, 2009

Cannabis Science Inc., an emerging pharmaceutical cannabis company, was pleased to announce this morning that it has signed an agreement with Leading Points Corp. to represent its products, services and initiatives to various government and military agencies. Leading Points is led by its founder who retains 20 years of service as an active duty commissioned officer to establish and secure mutually beneficial relationships between its clients and the military and government markets.

Leading Points Corporation, Founder and President, Retired Lieutenant Colonel Kevin Sullivan, stated, “We are in the process of rolling out a phased strategy that initially calls for Leading Points Corporation to work with key decision makers in the 14 U.S. States where the legislatures have approved the use of whole cannabis, the natural product, for medicinal use. Next, we will represent the company in respect to a number of federal initiatives and to insure that they are positioned to support the development of any federal programs through clinical studies, education and treatment. Our primary task is to raise awareness and educate state and federal agencies about Cannabis Science and how remarkably effective medicinal cannabis has proven to be in terms of chronic pain management for Veterans, as well as those suffering from PTSD and other severe medical conditions.”

Dr. Robert Melamede, Cannabis Science Inc. President and CEO, commented, “We are looking forward to working Leading Points to use our recently acquired CAGE Code for governmental contracts. Leading Points understands the tremendous potential for Cannabis Science’s extract-based medicines to help relieve the suffering of people, especially our military personnel. We will carry out clinical trials to demonstrate that the physical (chronic pain) and emotional conditions (PTSD) of those in need can be improved with our formulations. Those who have fought for freedom and have sacrificed so much to protect the freedoms that are the basis of our country have, more than anyone else, earned the right to the benefits provided by this plant. Cannabis has been used for thousands of years because of its unique ability to enhance the health promoting properties of the human endocannabinoid system. We believe that we are on the forefront of the medical cannabis revolution.”

Lt. Col. Sullivan added, “With the introduction in Congress of bills such as HR 2835, we see a new openness within the federal government to allow the limited and appropriate use of cannabis under a doctor’s supervision. We believe our veterans should have the maximum number of treatments available to them, especially with cannabis’ proven effectiveness in assisting veterans struggling with chronic and phantom limb pain, sleep disturbance, brain injuries, PTSD, anxiety and depression. As Cannabis Science continues to expand its Veterans PTSD Program aimed at gaining traction with those agencies that represent a military veteran demographic consisting of over 23 million Americans we see that as a major focal point to gain government support. Our company is headquartered in Centennial, Colorado and please visit www.leadingpoints.com for more information about us.”

Dr. Melamede concluded, “With the addition of Leading Points to our team we expect some rapid advancement with our Veterans PTSD Program, which is designed to test the efficacy of our cannabis extract-based oral medicine to provide immediate relief of the negative consequences of PTSD in our military veterans. A critical first step will be carried out by Dr. Mitch Earleywine (State University of New York (SUNY Albany, SAB) the first member of the Cannabis Science Scientific Advisory Board. He will conduct a Veterans survey regarding the use of medical marijuana for PTSD. The results of this survey will provide us with human data that we expect will assist twofold in our efforts with the FDA and other governmental agencies to fast track our PTSD and our Flu project.”

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American International Industries, Inc. (AMIN) is “One to Watch”

Monday, August 31st, 2009

American International Industries, Inc. is a diversified holding company that utilizes a business model similar to General Electric, Tyco International, and Berkshire Hathaway. With holdings in Industry, Finance, Real Estate, and Oil & Gas, the focus of the company is to develop holdings in various industries by acquiring existing companies, applying the financial resources and management expertise needed to foster growth, and then leading the acquired businesses to profitability.

American International serves its subsidiaries as a financial and professional management partner to improve access to capital, achieve economies of scale by consolidating administrative functions, and provide the financial and management expertise of corporate personnel. The company continually works with the management of each subsidiary to improve revenues, operations and profitability.

The company’s management team has accumulated an incredible amount of experience in the various industries its portfolio companies operate in. American International’s portfolio currently consists of Northeastern Plastics, Inc., a supplier of automotive after-market products and consumer durable goods products to retailers and wholesalers; Delta Seaboard Well Service, Inc., an onshore rig-based well-servicing contracting company; and Shumate Energy Technologies, Inc., a contract machining and manufacturing company focused on the energy field services market.

For the six month period ended June 30, 2009, the company announced revenues of $12.4 million compared to $10,586,195 for the same period in the prior year, representing an increase of $1,840,934, or 17%. EBITDA also improved significantly from a loss of $2,988,246, or $0.42 per share, to income of $110,953, or $0.01 per share. As of last report, American International had total assets of $33.7 million and total liabilities of $17.2 million.

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Discover Intriguing Trading Information at Trading Code Revealed

Monday, August 31st, 2009

Trading Code Revealed is dedicated to providing its visitors with the best online trading information in a very simple and straight forward method. At the website investors can learn how to study candlestick charting, learn about new trading methods, and much more.

Trading Code Revealed aims to be every investor’s central hub for the best online trading news, live quotes and trading articles. To take a look at the website yourself, visit www.trading-code-revealed.com.

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Manas Petroleum Corp.’s (MNAP.OB) Tactical Strategy and International Portfolio

Monday, August 31st, 2009

Manas Petroleum Corp., the Swiss-based international oil exploration and development company, stands out in its cost-sensitive approach to acquiring land positions in major oil basins around the world. The Manas strategy is to acquire and farm-out the holdings to partners, with those partners paying all costs until commercial production is undertaken. This approach allows Manas to retain substantial carried interests, maximizing potential growth while significantly reducing financial costs and risk. An additional element of the strategy is diversification, which further reduces risk.

One area of focus for the company is the exploration and development of giant hydrocarbon assets in the former Soviet Union or its satellites. Although Soviet exploration and development technologies were decades behind those of the West, their record keeping of geological results was excellent. These records indicate the existence of numerous and large un-drilled structures with potential oil. In areas where drilling did occur, such as the former Soviet Kyrgyz Republic, records show an obvious trend towards larger fields as depth increased, suggesting more large discoveries should occur as deep tests continue.

The Manas Petroleum portfolio now totals more than 5 million acres in 5 countries. In addition to the above areas, the company also has interests in Chile. Below is a list of its primary holdings.

• Kyrgyz Republic – This was the company’s first project, Central Asia’s only democracy and member of the World Trade Organization. Manas has acquired and farmed-out to Santos International Holdings Pty Ltd. 70% of its interest in 6 licenses, covering 3,152 square kilometers.
• Tajikistan – This project is adjacent to the Manas Tuzluk Prospect in the Kyrgyz Republic, and the geology is an extension of that license area.
• Albania – Manas has completed two production sharing contracts for four blocks covering roughly 3,000 square kilometers, about 80 kilometers north of Europe’s largest onshore oil field.
• Chile – Manas has a 50% interest in a consortium with Improved Petroleum Technology, a Texas based independent company, in the 6,600 square kilometer Tranquilo block in the Magallanes Basin in southern Chile.

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Evolution Petroleum Corp. (EPM) Readies for Revenue from Louisiana Project

Monday, August 31st, 2009

In today’s economic times, finding a company that has kept at it and done well is the real challenge. For a savvy investor, finding a company that has got right down into the muck and mud and gotten it done is one of the best ways to succeed and profit. Finding these gems can be difficult, but very rewarding in the end.

Evolution Petroleum Corp., a petroleum and associated petroleum products exploration and development company, works to find and exploit petroleum deposits primarily in Louisiana, Oklahoma and Texas. Currently, the company estimates that it has over 4 million barrels of proven petroleum reserves in varying developmental forms.

Although the company classifies itself as a petroleum exploration and development company, its primary focus areas can be better described as CO2 injection, well re-development and shallow shale gas exploitation. Where the CO2 project is concerned, revenue from its 7.2% overriding royalty can be expected in 2010 after recent settlement of remediation issues. Currently, it would appear that the company is focusing its efforts on this CO2 project in Louisiana and expects revenue generation in 6 months. This, however, is just one area of progress as its moderately heavy oil development work in Texas does appear to be showing significant progress. In this regard, one should be aware that there are very few refineries in the world equipped to refine moderate to heavy crude. One of the largest does happen to be in the near vicinity of the company’s current moderately heavy crude location and finds its supplies coming from Venezuela, which would keep it in general operation (an issue not lost on drillers as a shutdown of a refinery is never a good thing.)

Having just reported third quarter in its 10-Q, the company indicates that it is in a financially strong position. Its working capital position has not changed in any real way with $7.5 million, as compared to $7.6 million in the year earlier period. Considering the changes in oil and gas prices during this same period, the company does seem to be able to justify its statements. Add to these price issues the company’s addition of a pipeline to its major CO2 project and a relatively increased price of crude oil in recent months and the future looks solid for the company. No long-term debt also adds to the equation as does a reduction in overall extraction costs. The current price of crude being what it is, Evolution Petroleum Corp. is in a solid position with a low cost structure. Crude pricing may be in a bit of flux at the moment but an investor that can pick and choose the right, well run petroleum company may be well on their way to profit.

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Data Call Technologies, Inc. (DCLT.OB) is Driving the Digital Signage Industry

Monday, August 31st, 2009

Data Call Technologies Inc. is a leading provider of infotainment feeds for the digital signage industry. The company’s information feeds can be seen throughout digital signage networks in numerous venues such as shopping malls, highways, sports stadiums and arenas.

Plasma and LCD dynamic displays are rapidly replacing printed marketing materials such as signs, placards, etc. In the past two years, as the cost of platforms, supporting infrastructure and displays has fallen dramatically, digital signage has become more accessible to a wider range of companies. The increasing demand for digital signage is the most significant indication that the industry has come of age.

Digital signage presentations are typically comprised of repeating loops of information used to brand, market or sell a company’s products or services. But once seen, this information becomes repetitive and viewers will tune it out. This results in low retention of the client’s intended message. However, as the cost of deployment decreased, companies began focusing on attention-grabbing dynamic content.

This focus on “dynamic” content is where Data Call Technologies is different than many of their competitors. Even in the earliest stages of the industry, Data Call recognized that many of the players in the industry lacked a key component that would become an integral part of any successful implementation of digital signage – active content.

As the digital signage industry has matured, the “dynamic” characteristic of the presentation has taken center stage. A pioneering company like Data Call Technologies now has a clearer picture of what digital signage is, what is needed for a successful implementation and the best use of content space. Active, dynamic content is now on many companies’ “needs” list because it is proven to draw customers to the core message and keep customers engaged throughout the presentation. Data Call stands ready to serve this rapidly growing market.

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ECOtality Inc.’s (ETLY.OB) eTec Awarded $8 Million from California Energy Commission

Monday, August 31st, 2009

ECOtality Inc. is a young company that has quickly become a known leader in clean electric transportation and storage technologies. Today the company announced that its subsidiary Electric Transportation Engineering Corporation (eTec) has been awarded $8 million from the California Energy Commission to support the largest-ever transportation electrification project.

With this $8 million award, eTec will be able to support the deployment of charge infrastructure and electric vehicles (EV’s) in the San Diego region. This will serve as part of eTec’s “American Recovery and Reinvestment Act of 2009 Cost Share: Alternative and Renewable Fuel and Vehicle Technology Program.”

When asked about the ramifications to eTec, Don Karner who serves as the president of the subsidiary stated, “As eTec’s proposed project to the U.S. Department of Energy is anticipated to deploy up to 2,550 charging stations in the San Diego area, this additional funding from the California Energy Commission will allow for a substantial increase in the amount of charge infrastructure deployed in the region.” Karner also seemed very appreciate of the commission when he said, “We’d like to thank the California Energy Commission and the State of California for their support of the largest transportation electrification project ever and commend their strategic foresight in positioning California as a leader in electric transportation.”

The California Energy Commission awarded funds to projects that successfully received federal funds from the U.S. Department of Energy’s American Recovery and Reinvestment Act of 2009 (ARRA) Transportation Electrification Funding Opportunity Announcement. On August 5, 2009 eTec was awarded a record $99.8 million from the U.S. Department of Energy to implement the largest deployment of electric vehicles (EVs) and charging infrastructure in U.S. history.

In the subsidiary’s proposed project to the U.S. Department of Energy, eTec has formed an alliance with Nissan North America to deploy as many as 5,000 Nissan LEAF EV’s and approximately 12,750 charging stations to be located in Arizona, California, Oregon, Tennessee and Washington. This plan will spread the notoriety of the company.

Jonathan Read who serves as President and CEO of ECOtality was quoted saying, “The California Energy Commission award affirms the position of the State of California at the forefront of the electric transportation evolution and ensures that the San Diego region will have one of the most advanced EV charging infrastructures in the world. As the eTec project undertakes to make America EV ready, stimulate job creation and enhance our energy independence, this additional funding will help us achieve these important objectives.”

San Diego Gas and Electric (SDG& E), a regional partner of eTec, will play a vital role in numerous aspects of this project. When asked about the impact to their company, Debra L. Reed, President and CEO of San Diego Gas & Electric said, “As a strategic partner on the eTec project, we’d like to thank the California Energy Commission for its funding award to the transportation electrification project. With this award, we now have the resources available to make the San Diego region first in the nation when it comes to truly being plug-in ready for electric transportation.”

While there are many entities that will benefit from eTec’s award, there seems to be a consensus that ECOtality may end up becoming a major player on Wall Street. Currently, ECOtality is trading in the $0.12-13 range, but with this news and a strong and aggressive management team in place, ECOtality may be a sleeping giant that all investors dream of.

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BrainStorm Cell Therapeutics, Inc. (BCLI.OB) Enters Agreement for Adult Stem Cell Production

Monday, August 31st, 2009

BrainStorm Cell Therapeutics Inc. is a company developing adult stem cell therapeutic products, derived from autologous (self) bone marrow cells, for the treatment of neurodegenerative diseases. The technology allows for the differentiation of bone marrow-derived stem cells into functional neurons and astrocytes.

BrainStorm Cell Therapeutics is currently focusing its technology on two diseases – Parkinson’s and ALS, which is also known as Lou Gehrig’s disease. The company announced today that it has entered into an agreement with Protein Production Services Ltd., a leading manufacturing contractor, in order to start “good manufacturing practice” production of its stem cell therapeutic product.

The clinical-grade product will be used in a pre-clinical safety trial for the company’s innovative therapy for Lou Gehrig’s disease. BrainStorm’s proprietary adult stem cell technologies have already been successfully tested on various animal models of neurodegenerative diseases. Neuro-protective and neuro-regenerative applications of the technology have been published in more than a dozen peer-reviewed scientific journals.

Rami Efrati, CEO of BrainStorm Cell Therapeutics, said, “We are very excited that we are moving into this phase of product development with a highly-experienced contractor that will enable us to move rapidly ahead with the final stage of our ALS pre-clinical program.”

Mr. Efrati added, “As we announced on August 24 after securing new funding, BrainStorm now has both the financing and the production capabilities to achieve our goal of reaching human clinical studies in the coming year.”

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Solanex Management Inc. (SLNX.OB) Signs LOI for Acquisition Set to Enhance Business Strategy

Monday, August 31st, 2009

Solanex Management Inc. focuses on developing, manufacturing, distributing and marketing alternative energy technologies. The company recently announced it has signed a Letter of Intent (LOI) for the acquisition of certain sales, marketing and distribution rights for Alten Power Corp.’s waste-to-energy technology.

The deal is in line with Solanex’s decision to strengthen the incineration/gasification component of its business strategy. In the company’s press release, it said the addition of gasification technology of municipal solid waste is an added benefit to potential customers, including municipal, state and federal governments.

Per the agreement, the due diligence period for the LOI will close on or before October 21, 2009. At the closing, Solanex will acquire the rights to Alten Power’s current projects, including assessments for waste-to-energy facilities in Central and South America, the United States and Canada. The transfer will be completed with Solanex’s payment of $200,000.00 to Alten Power, as well as 3 million common shares.

The company also announced Derek Bartlett as the newest member of the company’s board of directors. Bartlett’s experience includes consulting, as well as serving as president of two junior public mining companies. Mr. Bartlett has also served on the board of three other public companies.

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Protalix BioTherapeutics, Inc. (PLX) Receives FDA Fast Track Designation for prGCD

Monday, August 31st, 2009

Protalix BioTherapeutics, Inc., a leading biopharmaceutical company focused on the development and commercialization of proprietary recombinant therapeutic proteins, recently announced that the company has received Fast Track Designation from the U.S. Food and Drug Administration (FDA) for prGCD, the company’s proprietary plant-cell expressed recombinant form of glucocerebrosidase (GCD) for the treatment of Gaucher disease.

Gaucher disease is a rare and serious lysosomal storage disorder in humans with severe and debilitating symptoms. Protalix is currently conducting a Phase III pivotal study for prGCD to be used in enzyme replacement therapy for Gaucher disease.

This Fast Track Designation allows Protalix to file the sections of the New Drug Application (NDA) as they become available instead of filing all the sections at once as well as enables the agency to commence its review and proceed on a rolling basis as the additional sections are completed and submitted for review. In addition, the company has initiated a treatment protocol that allows physicians to treat Gaucher disease patients with prGCD in the United States and other countries worldwide while the drug is still under investigation.

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eDOORWAYS Corp. (EDWY.PK) Announces 10K Audit is Ready for Filing

Monday, August 31st, 2009

Today, eDOORWAYS Corp. announced that it is moving forward with the completion of its 2008 10K audit. The company has posted the 10K audit to the company’s new corporate website, www.edoorwayscorp.com, for review by the public.

“We have met our self-imposed deadline of completing the 10K audit by today and we determined it would be best to afford shareholders the ability to acknowledge this as we enter into the filing process,” stated Gary Kimmons, Chairman and CEO of eDOORWAYS Corp.

Normally, after a final draft of the 10K audit is submitted to the SEC, it undergoes a filing process that can take up to 72 hours to complete. This includes Edgarizing a 50 plus page document and one final review by auditors of the Edgarized version of the 10K audit before it’s filed. For smaller companies like eDOORWAYS, which strives to establish and secure shareholder confidence, these logistics aren’t usually understood by shareholders. In response, Mr. Kimmons believed it would be suitable to reveal completion of the 10K audit to the investment community ahead of the filing process.

“The company is marching toward an important day in the weeks to come and we’d like our house to be in absolute order for that moment,” commented Kimmons. “I cannot state enough that the work Mr. Dan Bensimon has conducted here is unquestionably top notch and greatly beneficial to the company and our shareholders regardless of the time it has taken. We are pleased that we have the ability to post the 10K audit today and look forward to an expeditious filing of this final draft. Should all things continue as well as they’ve been so far, the outstanding Q’s should be completed within short order and the company could see its soft launch date of October 1st, 2009, as being ‘current’ on its financials.”

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Axial Vector Energy Corp. (AXVC.PK) Announces PETRO-AVEC’s Invitation to Petrochem Arabia Conference in Saudi Arabia

Monday, August 31st, 2009

Axial Vector Energy Corp. announced today that PETRO-AVEC, its JV Company, has accepted an invitation to the Saudi Arabia “Petrochem Arabia” conference. Held October 4-6, the conference is under the Patronage of HRH Prince Mohammed Bin Fahd Bin Abdulaziz, Governor of the Eastern Province of the Kingdom of Saudi Arabia.

The Federation of GCC Chambers as well as other major local and international organizations fully support Petrochem Arabia 2009. This conference will bring government, Saudi and international private sector companies together to examine the current opportunities and challenges being faced in the Kingdom’s petrochemical industry. According to the press release, it is the only conference focusing on petrochemicals in Saudi Arabia, the world’s largest oil producer with more than nine million barrels produced every day.

PETRO-AVEC officials plan to present the third party technical due diligence from two of the world’s largest oil producers. The results have confirmed the viability of removing sulphur from oil, allowing cleaner air and dramatic savings on both capital outlay and per barrel cost of processing.

Independent valuation models for royalty concessions to PETRO-AVEC range between $0.50 and $2.00 per barrel. With worldwide oil consumption now estimated at 85.8 million barrels per day and the amount of “sour” high sulphur oil rapidly increasing, the Oxidative Desulphurization and Heavy Crude upgrade technologies of PETRO-AVEC are even more valuable as no other solution currently exists.

“We have today begun the exposure worldwide to show the value of the technology now that our worldwide patents have been granted to most major oil producing markets,” stated Samuel Higgins, Chairman of AVEC and Managing Director of PETRO-AVEC.

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Mainland Resources, Inc. (MNLU.OB) Expands Haynesville Shale Acreage

Friday, August 28th, 2009

Mainland Resources, Inc. is leasing additional acreage in the Haynesville Shale in Mississippi and now controls 8,500 acres in this emerging shale gas play in the southeastern United States.

Today’s announcement expands the acreage specified in the original agreement, which was signed in June 2009, by 500 additional acres. Mainland Resources must pay $300,000 by August 31, 2009 and the balance by October 15, 2009. When full payment is made, Mainland Resources will own a 100% working interest in the acreage.

Mainland Resources, Inc. recently closed on a funding agreement with Guggenheim Corporate Funding, LLC to provide $3.5 million in bridge loan financing. The company received a $1.7 million advance in this financing agreement and will use the funds for the acreage in Mississippi. The company will also use the bridge loan to fund drilling and completion costs on two wells in the Haynesville Shale on its acreage in the East Holly project area.

Mainland Resources, Inc. reported a successful well in East Holly in association with Petrohawk Energy (HK) on the Griffith # 1 well, which reported an initial production rate of 23 million cubic feet equivalent per day.

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Weikang Bio-Technology Group Co., Inc. (WKBT.OB) is “One to Watch”

Friday, August 28th, 2009

Weikang Bio-Technology Group Co., Inc. is a Chinese producer of Over-the-Counter (OTC) pharmaceuticals and traditional Chinese medicine (TCM) products. Trading on NASDAQ’s OTCBB, the Company currently has 420 employees. Their headquarters is in Harbin, China. In addition, they have two production facilities, in Harbin and Guiyang.

Weikang Bio-Technology Company, Inc. received incorporation in Florida on May 12, 2004 as Expedition Leasing, Inc. On December 7, 2007, the Company acquired Sinary Bio-Technology Holdings Group, Inc. and Sinary’s wholly owned subsidiary Heilongjiang Weikang Bio-Technology Group Co., Ltd., a limited liability company in China.

Sinary, with no substantive operation of their own, through Heilongjiang Weikang engages in the research, development, manufacturing, marketing, and sales of health and nutritional supplements in China. All of the Company’s products are Chinese herbal-based health and nutritional supplements. Through Heilongjiang Weikang, they manufacture and distribute in China a series of internally developed health supplements under a Chinese trade name.

On August 19, 2009, Weikang Bio-Technology Group Co., Inc. reported financial results for their second quarter ended June 30, 2009. Second Quarter 2009 highlights include revenues increasing to $13.20 million (544 percent growth) and $23.31 million (628 percent growth) for the three and six months ended June 30, 2009 respectively. Gross profit increased to $7.09 million, up 429 percent from $1.34 million for the same period in 2008. Net income was $3.33 million, or $0.13 per fully diluted share, up 203 percent from $1.10 million for the same period year over year.

Revenues increased due to the Company’s acquisition of Tianfang (Guizhou) Pharmaceutical Co., Ltd., an OTC pharmaceuticals developer and manufacturer.

“We are very pleased with this quarter’s strong financial performance,” said Mr. Yin Wang, President, and CEO of Weikang Bio-Technology Group Co., Inc. “We entered into a stock transfer agreement with Tianfang on June 30, 2008 to acquire 100% of its equity interest. As a result of the acquisition we have expanded our operations to include OTC pharmaceuticals. Our business will continue to accelerate as we enter the second half of 2009. We are seeing strong demand for our OTC pharmaceuticals and TCM products especially in the midst of China’s new healthcare reform initiatives, which will secure our future growth.”

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Superlattice Power, Inc. (SLAT.OB) Benefits from Recent Achievements

Friday, August 28th, 2009

Superlattice Power, Inc., developer of advanced high-energy batteries for use in electric cars and other demanding applications, is continuing its move toward the world’s most efficient lithium ion battery. The company recently announced that they were able to dramatically increase the driving range of an electric car, produced by EV Innovations Inc.

Using a multi-stage charging process, where the charging rate was able to follow a differential curve obtained through previous experiments, in conjunction with a new battery management system, researchers were able to increase EV driving range by at least 50%. The tests were done using a 29.6 Kwh lithium ion battery.

Superlattice plans to continue work with a next-generation battery pack, where the cathode material with superlattice structure will be used, and the expected specific capacity is 1.5 times compared to the cathode. The company’s goal is to develop and produce the most efficient rechargeable lithium ion battery commercially available for onboard energy storage in hybrid and electric vehicles. The technical success of the company is supported by its proprietary battery module design, sophisticated battery cell management systems, and battery thermal management system.

The Superlattice team is highly knowledgeable in lithium ion battery technology, and plans for producing the batteries are already being negotiated. The company is working with an unnamed Asian company to initiate pilot scale production near Superlattice headquarters in Mooresville, North Carolina. As many as 100,000 battery cells could eventually be produced on an annual basis by the plant.

Significantly increasing EV driving range, without having to simply pile on more batteries and increase associated weight and cost, is seen as the key to the ultimate success of the growing EV industry. The new battery is being developed to give a reasonably sized electric car up to 200 miles on a single charge.

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FNDS3000 Corp. (FDTC.OB) Initiates South America Market Test of Prepaid Card Roll-Out

Friday, August 28th, 2009

FNDS3000 Corp. announced today that it has successfully completed the Pilot Test Phase of its prepaid card introduction, and is subsequently immediately commencing the next phase of implementation. The Market Test Phase will begin with the distribution of approx. 10,000 prepaid cards to corporate clients and their cardholders, confirming and validating the processes and systems that will be required to handle the high volume of prepaid cards that are expected to be launched later in the year,. Once favorable results of the test are confirmed, the company anticipates initiating Roll-Out in late September of this year.

John Hancock, Chief Executive Officer, stated, “We are excited to announce a significant milestone with the completion of our pilot program. The January through July 2009 Pilot Test ended a few weeks later than expected, however during this time, we implemented further product enhancements, together with more comprehensive customer service operations and advanced fraud prevention protocols, all of which are essential in assuring the continued development and smooth roll-out of our prepaid cards.

“In the Market Test, scheduled through September 2009, our objective is to issue an additional 40,000 cards bringing our total to approximately 50,000 prepaid cards across 11 corporate clients,” commented Victoria Vaksman, Executive Vice President. “At the conclusion of this phase, we anticipate a rapid increase in scale, as we deliver our prepaid cards to the significant number of corporate clients that our distributors have already secured.

Mr. Hancock concluded, “As we progress through the remainder of 2009, we will continue to build on the solid foundation that has been created over the past two years. Our experienced management team is well positioned to steer the Company through the opportunities and challenges ahead of us and is focused on growing the prepaid card business which has significant potential in a number of markets that remain underdeveloped. We expect to continually update investors on our progress as we increase the number of cards in the market and expand the business into other territories.”

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Heartland, Inc. (HTLJ.OB) Subsidiary Achieves $1 Million Sales Milestone

Friday, August 28th, 2009

Heartland, Inc. announced this morning that Heartland Steel, its steel warehousing subsidiary, has surpassed $1 million in sales. The company specifically highlighted the fact that this milestone was reached before the completion or occupation of Heartland Steel’s new state-of-the-art warehousing and distribution facility and office space in Washington Court House, Ohio.

“We literally have hit the ground running,” stated Randy W. Frevert, President, of Heartland Steel. “Our customer and prospect list is growing daily, and we built a 500 ton inventory of steel at competitive prices. In September, when our facility becomes fully operational, I would expect both the pace of our progress and the level of our performance to grow substantially. We are in the right place at the right time with an exceptional team of people and intend to provide the best in service, support and quick response for the needs of our customers.”

“What Randy has achieved in such a short time is truly amazing,” added Terry Lee, chief executive officer of Heartland, Inc. “Taken by itself, reaching one million dollars in sales in such a short period of time is a solid accomplishment. To do so without a roof over ones head while overseeing the construction of a facility, planning the details of the infrastructure and hiring and organizing a professional staff is a testimony to his skill, talent and dedication. He is truly the right person to lead Heartland Steel, and we view this important achievement as only the first of many in the quarters and years to come.”

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CrowdGather (CRWG.OB) Retains Bridge Relations for Investor Relations

Friday, August 28th, 2009

CrowdGather, a leading network of forum communities on the internet, announced that it has engaged Bridge Relations, Ltd. to provide strategic investor relations (IR) and communications services. The IR firm combines their investor networks, skills and passion for investor relations to market clients in both Europe and North America.

“We are pleased to have Bridge Relations working with us to increase the interest from the global investment community,” stated Sanjay Sabnani, CrowdGather’s Chairman and CEO. “Seeing the potential the Company has in both the short and long term future, we were seeking to partner with an international and highly respected IR firm to introduce our story to the investment community and help us improve our visibility. I have had a long standing relationship with the principals of Bridge Relations and I am confident in their ability to expose us to the right long term shareholders in North America and Europe.”

“I was presented with the CrowdGather vision and opportunity by Sanjay even prior to the formation of the Company, and I have subsequently seen their team execute on proving their business model and sensibly scaling their business,” commented Erik Danielsen of Bridge Relations, Ltd. “We look forward to helping them succeed and introducing them to our network of institutional investors.”

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