Monthly Archives: May 2010

NetSol Technologies, Inc. (NTWK) Announces Over $3 Million in New Contracts as Major Automotive Finance Company Implements NetSol Financial Suite(TM)

May 27, 2010

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it has secured two major projects worth more than $3 million to implement its NetSol Financial Suite (NFS)(TM) Contract Management System (CMS) with a major international automotive manufacturer’s captive finance company in the Asia-Pacific Region.

NetSol’s solution will fully automate the customer’s financing business, providing improved operational efficiencies, enhanced contract lifecycle management, increased financial visibility, and quick return on investment. The contract has been skillfully structured for significant upfront as well as recurring revenue components.

Naeem Ghauri, Head of Global Sales of NetSol and President of NetSol Technologies Europe, Ltd., stated, “Emerging and mature markets in Asia Pacific are driving our recovery with these new contract wins. Our visibility in this dynamic region continues to grow and we see our access to the market increasing with each new win. Currently, NetSol is positioned ahead of its competitors to benefit from the growth in the APAC Automotive Finance sector.”

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Nitro Petroleum, Inc. (NTRO.OB) Reports on Petroleum Reserves for Big Horn Prospect

Nitro Petroleum, Inc. announced after the market closed yesterday the petroleum reserves for their Big Horn project in Montana. Nitro maintains a 25% working interest in a 1,600 acre lease at Big Horn. Ramsey Property Management LLC of Oklahoma City, OK, a reservoir engineering firm, was contracted to evaluate the potential reserves. The data compiled by Ramsey showed 93,900 barrels of high gravity crude oil and 236,000 cubic feet of natural through initial calculation indicators.

Drilling regulations allow for ten well drilling programs on the lease. Nitro, according to their President, James Borem, is presently in negotiations with potential Joint Venture partners to begin prospecting a first well. The target for the first well is a reservoir in the Tensleep geology believed to be at 7,300 feet in depth. A nearby well to the east has produced nearly 300,000 barrels of crude oil to date with production still continuing at a rate of 40 barrels a day without further stimulation. The data combined with the facts of the nearby well provides a substantial opportunity for Nitro in the highly competitive market.

Nitro, a company focused the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada, not only retains the working interest in the Big Horn Prospect, but several other locations as well. An update to shareholders was provided on May 17th regarding the enhancement program being performed on the Quinlan #1, Quinlan #2, and Quinlan #3 wells. Nitro is also the operator on the Mason Burns well in Oklahoma.

Last week, Nitro announced that the engineering and economic feasibility study on this well had been completed. Also in the Nitro portfolio is the Ward-McNeil Well in Oklahoma. Nitro is the operator on this well also and provided information regarding the re-work scheduled for the well earlier this month. Nitro has been pushing lately to expand operations in the development of the business strategy to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities.

More information about the recent developments of Nitro and their operations can be found on the corporate website at www.nitropetroleuminc.com.

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Oil Prices Rally in Highest Gain Since September

In times of economic crisis, people often look to the pump to show them how the economy is faring. This Wednesday, analysts reported that oil prices rebounded sharply after weeks of being knocked down by economic uncertainty. Following a three-week slump, oil rallied 4 percent, the best one-day percentage gain since September.

At the pump, retail gas prices continued to fall. According to AAA, Wright Express and Oil Price Information Service, the national average slipped nearly a penny overnight to $2.771/gallon. A gallon of regular unleaded costs 8.3 cents less than a month ago, but is still 34.6 cents more expensive than last year’s numbers.

Government reports revealed an increased demand for both gasoline and big-ticket goods like refrigerators and airplanes. Many investors now think oil is undervalued and a rally in equities markets sparked a parallel rally in crude, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

“I’m not saying the correction is over” in energy commodities, Kloza said. “But people are now saying, ‘I can live with these prices’.”

Oil held its gains even as U.S. stock markets turned lower. Prices kept rising as the Commerce Department reported that orders for durable goods increased 2.9 percent in April, the best showing in three months. The report suggested that the U.S. manufacturing industry was getting stronger, which could lead to more fuel consumption.

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Dow Jones Industrial Closes Below 10,000

This past Wednesday marked a significant fall of the Euro, setting stocks on the down swing, with the Dow Jones industrial closing below 10,000 for the first time in nearly four months. Wednesday’s trading extended a streak of volatility since stocks went to their highest level of the year in late April.

“We had a nice rally all day and we expected it to have had legs,” said Phillip Orlando, chief equity market strategist at Federated Investors in New York, which manages about $400 billion. The sudden sell-off, he said, suggests “that investors are as nervous as a long-tailed cat in a roomful of rocking chairs.”

Analysts theorize that the late reversal emphasizes the reservation with which traders treat Europe, worrying that heavy debt loads in European countries and more rounds of cost-cutting will hamper a recovery there in addition to spreading to other regions.

The sliding euro has come to symbolize the waning confidence in Europe’s ability to control or contain its debt problems. Currently, the euro remains close to the four-year low it hit last week, falling to $1.2179 Wednesday.

“The inability of the market to hang on to the early gains today certainly does not send a very positive message,” said Teddy Weisberg, a New York Stock Exchange floor trader with Seaport Securities. “It’s a function of there being no confidence among investors.”

The afternoon stock slump stood in stark contrast to Tuesday, when traders chipped away at a steep slide by the close and the major indexes ended little changed. The slide in stocks has rattled investors still shaken by the market’s plunge in late 2008 and early 2009.

“Everyone is so scared from what happened back in the big crash and now they’re just all gun-shy,” said Frank Ingarra, co-portfolio manager at Hennessy Funds.

Stocks were higher for most of the day after traders focused on economic news. While the American economy chugs towards a slow recovery, Europe is beginning to lose its economic strength.

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EcoBlu Products, Inc. (ECOB.OB) Bluwood™ Technology Utilized in Haiti Housing Solution

EcoBlu Products, Inc., a leading manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites and fire, recently announced that the company’s Bluwood™ technology was successfully utilized as a housing solution for buildings in earthquake-ravaged Haiti. EcoBlu’s Bluwood™ trusses were ordered by Lazarian World Homes to be incorporated into their current Haiti housing solution.

Lazarian World Homes is a global leader in providing affordable, sustainable and energy-efficient homes and buildings for third-world nations. Lazarian recognizes that the Bluwood™ technology provides superior protection against mold, wood rot and termites. The company currently has housing projects underway in Armenia, Mexico, Brazil and Haiti.

Steve Conboy, president and chief executive officer of EcoBlu Products, stated, “It is a natural fit for Bluwood™ technology and the building solutions supplied by Lazarian.” Mr. Conboy, continued, “Haiti’s environment is very harsh on wood products. This is why Lazarian chose to protect the trusses utilized in their Insulated Concrete Form block structures.”

For additional information, please visit www.ecobluproducts.com.

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Spring Creek Capital Corp. (SCRK.OB) Disposes of their Eco Blends, Inc. Shares in Exchange for Royalty-Free Perpetual License

Yesterday, Spring Creek Capital Corporation announced the sale of their 30 percent interest in Eco Blends, Inc. through a termination agreement executed May 21, 2010. The termination agreement calls for Spring Creek to sell their shares of Eco Blends, Inc. This is in addition to withdrawing their representative from the Eco Blends, Inc. Board of Directors as well as terminating their existing consulting and investment agreements with Eco Blends, Inc.

Eco Blends, Inc., in exchange, granted to Spring Creek a royalty-free, perpetual, transferrable license to use all formulations of the patent-pending, DEET-free insect-repellent developed by Eco Blends, Inc. The insect-repellent sells in 1,400 stores nationwide.

Eco Blends, Inc. will retain their trademarks and names. For twelve months following the agreement, Eco Blends, Inc. has agreed to assist Spring Creek with suppliers of raw materials, product design, and marketing. They will also make their facilities and personnel available for limited production runs as Spring Creek develops their own branding.

Eco-Blends® is an insect repellent that consists of a unique blend of essential oils and naturally occurring ingredients. DEET-free Eco-Blends® utilizes a formulation developed using the background of their founder’s Native American heritage. The result is a product of essential oils that would naturally deter insects without harmful chemicals.

Kelly T. Hickel, Chairman and CEO of Spring Creek Capital, said, “We are pleased with the results of our negotiations with Eco Blends, Inc. and believe this outcome represents a unique marketing opportunity for Spring Creek. With our expertise in the healthcare industry, we are confident we will be able to effectively utilize our perpetual rights to the Eco Blends, Inc. formulation using our own unique branding and marketing initiatives.”

Spring Creek Capital Corporation is a healthcare solutions company. Their business plan is distributing innovative solutions for the medical, pharmaceutical, and healthcare markets to resellers and consumers globally. The Company pursues emerging opportunities in the healthcare industry. They choose young start-up and micro-cap companies with innovative concepts. They proceed to launch these products and services utilizing the marketing distribution network of Spring Creek’s principal subsidiary, Stratis Healthcare Inc.

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Sycamore Networks, Inc. (SCMR) Reports Loss in Third Fiscal Quarter

Sycamore Networks, Inc. reported a net loss of $3.7 million, or $0.13 per share, in the company’s third fiscal quarter of 2010. The company lost $2.7 million, or $0.10 per share, in the same quarter of fiscal 2009.

Sycamore Networks, Inc. also saw a decline in sales in the third fiscal quarter. Sales were reported at $14.6 million, compared to $23 million in the third fiscal quarter of 2009.

The management of Sycamore Networks, Inc. said that the higher loss was caused by order delays pushed out by its customers until the fourth fiscal quarter.

“While some orders being delayed into Q4 caused revenues to be somewhat lower than we had hoped, we were pleased with improvements in our third quarter gross margins as well as continued progress in lowering our operating expenses,” said Daniel E. Smith, the CEO of Sycamore Networks, Inc.

Sycamore Networks, Inc reported cash and equivalents and short-term investments of $450 million at 4/24/2010. The company has no long or short-term debt.

Sycamore Networks, Inc. sells networking equipment for use in fixed and mobile data and telecommunications networks. Products include optical switches, cross connects, access platform devices and software.

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

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VIASPACE, Inc. (VSPC.OB) Enters into North America’s $400 Million Fire Log Industry with Environmentally-Friendly Green Log™

VIASPACE, Inc. introduced their first product for the renewable energy market, “Green Logs,” at the National Hardware Show in Las Vegas. The annual show is attended by buyers from hardware stores, big box stores, grocery stores, drugstore chains and other retailers from around the country. VIASPACE believes that Green Logs are the first manufactured fire logs to be produced solely from a dedicated renewable energy crop. Green Logs are manufactured from Giant King™ Grass, a low-carbon, renewable energy crop. Through its majority-owned subsidiary VIASPACE Green Energy Inc., VIASPACE grows the Giant King Grass and manufactures the logs at their grass plantation and processing facility in China’s Guangdong province. There are more than 100 million manufactured logs burned each year in North America alone.

VIASPACE, which operates as a renewable and alternative energy company, is focused on technologies that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. They have been rapidly developing their business strategy to market Giant King Grass as a solution for a variety of environmental issues to reduce carbon emissions – including use as a biomass fuel and the Green Log.

Dr. Carl Kukkonen, VIASPACE Chief Executive Officer, recently stated in a press release, “Green Logs have a zero net-carbon footprint, completely avoid the use of petroleum products which also produce net carbon emissions, and burn up to 66% longer compared to conventional manufactured logs currently being sold. Since VIASPACE is vertically integrated– both growing Giant King Grass and manufacturing Green Logs– we can offer Green Logs as a superior product and at a lower price than competitors.”

VIASPACE, through its subsidiaries, also has several other avenues to generate revenue as part of their overall business plan. This includes developing and manufacturing disposable fuel cartridges for fuel cell powered electronic devices such as notebook computers, mobile phones and military systems. Through their subsidiary, Ionfinity, and its partnership with organizations such as NASA, VIASPACE develops devices and systems for monitoring and detecting hazardous substances: explosives, toxic gases, drugs and chemical/biological weapons. Completing their diverse portfolio, VIASPACE has also partnered with industry leaders of rechargeable lithium-ion batteries for use in hybrid applications with fuel cells and other applications such as scooters and vehicles, power tools, electric bicycles and other electronic products.

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Voyager Oil & Gas, Inc. (VYOG.OB) Closes On Bakken Purchase

Voyager Oil & Gas, Inc. announced the closing of the company’s purchase of oil and gas acreage in the Williston Basin in North Dakota and Montana. The company has also a signed agreement to purchase additional acreage in the same general area, and expects a July closing.

Voyager Oil & Gas, Inc. said the deal included 11,500 net acres located in Williams and McKenzie Counties, North Dakota and Richland County, Montana. The company said that the acreage is prospective for the Bakken Shale and other oil and gas bearing formations.

“We are pleased to announce the additional acreage targeting the Bakken in North Dakota and Montana. This latest acquisition along with our aggressive leasing program will yield significant production and reserves,” said J.R. Reger, the CEO of Voyager Oil & Gas, Inc.

Voyager Oil & Gas, Inc. said the July deal comprises 4,000 acres of leasehold, and once that acquisition closes the company will have 37,500 acres in the Williston Basin. The company did not disclose the purchase price paid in either transaction.

Voyager Oil & Gas, Inc. is headquartered in Billings, Montana and has leaseholds in 2 other fields in North Dakota and Montana. The company has 33,500 net acres in the Heath Oil formation and 57,000 net acres in the Tiger Ridge natural gas play, both located in Montana.

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

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Micro Identification Technologies, Inc. (MMTC.OB) Up 33.33% on All-Time Record Volume

May 26, 2010

Micro Identification Technologies, Inc. closed trading today at $0.06, up $0.015 or 33.33%, on approximately 3.4 million traded shares! Today’s trading activity was fueled by a news release from the company stating that it has signed an agreement with a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system. With an average daily volume of 316,400 traded shares, MMTC’s trading activity was nearly 10 times greater than a typical day in the market.

Micro Identification Technologies Inc. is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. For more information on the company, visit the company’s website at www.micro-imaging.com

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Small Cap Voice Featured Company: Concordis Group, Inc. (CNGI.PK)

Concordis Group, Inc., a holding company with proliferated interests, is well-known for providing business insurance products and investment brokerage services via its two wholly-owned subsidiaries, Concordis Insurance SPC (a captive insurance company licensed for 49 individual, adaptive/risk-specialized cells) and Puritan Securities, Inc. (a highly articulated investment banking firm focused on the small cap market).

Insurance costs are among the highest items on the budget for most companies, but now both small and large companies can benefit from the flexibility and cost-effectiveness of a captive insurance program, the ultimate risk management/financing tool available.

Concordis Group’s business philosophy hinges on capital preservation as the engine of long-term growth. With a business culture that emphasizes a diversified operational portfolio, rigorous underwriting efforts, and shrewd investments as the keys to ensuring shareholder equity, the Company’s organic approach to strategic acquisitions of adjacent and parallel concerns is based squarely in demonstrable cash-flow positive status and growth potential.

Concordis Insurance SPC enables a broad array of clients, of whatever size, to obtain an insurance product set up specifically for a given type of venue or multiple types, whether one company or a group of companies. In addition, Concordis Group recently finalized a strategic partnership with Insurance Office of America to expand the subsidiary’s consulting, claim management and sales capacity to further broaden its service capacity.

Puritan Securities provides a comprehensive suite of world-class financial products and services to small cap clients (less than $100M), and acts as a financing entity for emerging high-growth private companies.

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Small Cap Voice Featured Company: Vidaroo Corp. (VIDA.OB)

Vidaroo Corp. is an emerging leader in integrated digital media and technology solutions, with vast expertise in marketing, content creation, post-production, which is structured around one driving central premise held dear by both the Board of Directors and executive management, as well as its entire staff: sustainable profitability.

An intuitive yet robust online video platform for managing and delivering content, the Company’s sophisticated Digital Video Publisher enables users to extend existing sites into web-based TV networks. With easily embeddable channels and video, users can reach massive new markets through viral promotion and organic information seeding on social networking sites.

With tight 3rd party integration for overlay and in-stream video, Vidaroo can offer a fully integrated advertising solution with adaptive campaign scheduling capability and banner group building that is as simple as uploading the banner. Simple drag and drop functionality in the media browser allows users to quickly sort and schedule multiple videos and add them to a channel; complete cataloging and asset management is also bundled right in.

Vidaroo is not just an online video network reaching over 10M people a month, helping clients and partners to reach their target demographics as well as new users through over 200 highly-trafficked sites – the Company is also a world-class production shop able to fill gaps in a client’s in-house pipeline or handle entire projects from start to finish. A case in point would be the Sprite Green campaign for Coca-Cola, which tied-in Lebron James with the release of his film “More Than a Game”.

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Suspect Detection Systems Ltd. (SDSS.OB) is “One to Watch”

Suspect Detection Systems Inc., via their subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter terror and crime prevention technology. The design of this technology is to identify threats in real-time, and prevent incidents before they are carried out. The company’s product line, the “COGITO”, is an aid to thwarting security threats.

The Company develops their advanced technologies based on extensive intelligence and counter-terrorism expertise accumulated in Israel and other countries worldwide. Former senior officials of Israeli security and experienced senior experts of the high-tech industry founded Suspect Detection Systems Ltd.

Suspect Detection Systems Ltd.’s “COGITO1002″ is a tool that helps law enforcement agencies in their war against international terrorism. It relies on unique and proprietary technology designed to identify malicious intent at border control and other checkpoints. The “COGITO1002″ is an automated kiosk-like station that enables the profiling and screening of passengers based on biofeedback indications.

The Company also has their COGITO1003. It is a stationary “Internal Threat”, pre-employment, and employee integrity screening system. It is also a fully automated system and requires no involvement of professional interrogators or interviewers.

In addition, they also have their COGITO4M. This is a military grade product for the Field Intelligence of Military, Police, and Law Enforcement units. U.S. Governmental Agencies and Israeli Security Agencies have successfully tested this technology. Commercial and governmental customers in Israel, The United States, Central America, and South Africa are using this product.

The COGITO4M system enables military units to efficiently interrogate a hostile or indifferent civil population. Using the COGITO4M enables military units that might have no knowledge of the local language to identify who among the civilians is a wanted terrorist and where there might be a nearby ambush or mine trap.

The Company designed their COGITO Back-Office to manage and control all the test stations in a given site, nationwide operation, or international global operation. It serves as the central unit that stores all test histories, examinees profiles, and biometrics. It is responsible for system administration, data distribution, and interfacing to external systems and databases.

Suspect Detection Systems Ltd.’s mission is to assist law enforcement agencies worldwide in their war against local and international sophisticated organized crime and terrorism. They work to provide innovative solutions deployable today by those who require them most.

Earlier this month, Suspect Detection Systems Inc., announced that they won their recent bid to sell additional Cogito™ rapid interrogation units to a federal agency in India. They received awarding of the bid in February. The technology sold and delivered in April through their subsidiary Suspect Detection Systems Ltd.

On May 18, 2010, Suspect Detection Systems Inc. reported financials for Q1 of the 2010 fiscal year. Highlights of the financial reports include revenues of $620,199 in Q1 2010, versus $168,892 revenues in Q1 2009. Gross profits for the Company were $581,860.

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Title Starts Online (TTSO.OB) Announces Name and Ticker Change to AMP Holdings (AMPD.OB)

AMP Holding, Inc. (formerly Title Starts Online; OTCBB: TTSO) announced today that will begin trading under the new stock ticker “AMPD.OB” as of today’s market open. This ticker change is reflective of the name change to AMP Holding, Inc. that is also effective as of today.

AMP Electric Vehicles, based in Blue Ash, OH, had been a privately-held business since its inception in 2007. The Company went public via acquisition by Title Starts Online, Inc., a shell corporation, with all of the documentation completed earlier this year. As of the commencement of trading today, AMP Holdings, Inc. has 19,888,248 shares issued and outstanding.

Commenting on the formalities of the name and ticker change, Steve Burns, Chief Executive Officer of AMP, said, “While administrative in nature, our ticker symbol and name change comes at a time when the doors to the Company’s future are wide open. This summer marks a historic event for AMP, as we will be delivering our first full-size AMP electric 2010 GM Chevy Equinox crossovers, the first of its kind to hit the market. We are truly excited for what the future holds.”

AMP is focused on conversion of internal combustion cars into all-electric vehicles. The AMP team is comprised of top engineers and business executives, as well as two key pioneers of GM’s EV1 project. The General Motors EV1 was an electric car produced the General Motors Corporation from 1996 to 1999. It was the first mass-produced electric vehicle from a major automaker, and the first GM car designed to be an electric vehicle from the outset. Presently, AMP converts the GM Saturn Sky, Pontiac Solstice and recently added the Chevrolet Equinox to electric. With the popularity of all-electric vehicles growing regularly as people are more environmentally and energy conscious, AMP expects to announce new model conversions throughout the year.

More corporate information about AMP Holdings and their products can be found on their website at www.ampelectricvehicles.com.

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UK Fashion Retail Powerhouse Peacocks Picks Attunity Federate (ATTUF.OB) for IT Infrastructure Overhaul

Attunity Ltd., www.Attunity.com, is a global leader in enterprise software solutions with vast proficiency in real-time data integration, event capture, salient event presence and, in general, a seamless/efficient virtual mastery of a given business’s operational profile such that the business is able to identify actionable data and then service-enable that data for use by a suite of adaptive, rapid-deployment applications.

Today the Company announced that Attunity Federate (its data federation platform) has been selected by Peacocks, the renowned UK fashion giant, and will be employed as the backbone in a strategic data migration initiative, as well as servicing the 500+ store network’s real-time business intelligence needs.

Peacocks has set out to overhaul its IT infrastructure, and has chosen the Attunity Federate platform for its robust ability to replace the core legacy HP OpenVMS system with a Microsoft server technology-based solution which will allow for a streamlined/gradual migration of vital business data which is tied to various applications covering all areas of operation.

Solutions Architect and Project Manager at Peacocks, Mark Webbley, noted the superiority of the Attunity toolkit for migrating the huge amount of RMS-based data to SQL Server, and cited Attunity Federate as a lightweight, fast and intuitive solution that was able to satisfy the complex and challenging demands of migrating without hampering operations by delimiting change requests, BI and report services.

Webbley said the virtual data federation platform provided by Attunity Federate was a great way to implement a data federation strategy and accomplish all of its goals, especially shielding users from the underlying changes being made while reducing migration project support costs and enabling RMS or SQL access with on-the-fly data source configuration.

Webbley was “amazed” at how little time it took and how fast it was able to implement Attunity Federate for seamlessly abstracting the migration to an operable layer, allowing them to move data without affecting the application itself.

Regional Director for ATTUF, Martin Hamilton, was glad the Company could help Peacocks solve its IT challenges once more, suggesting it was a sure sign that Peacocks values the product quality and customer service Attunity provides.

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Cord Blood America, Inc. (CBAI.OB) Drops Initial Storage Fee Over 76%

Cord Blood America, Inc., www.cordblood-america.com – markets a powerful umbilical cord blood stem cell preservation service using a proprietary cryogenic process via subsidiary CorCell, www.corcell.com – providing clients with an amazing way to invest in future, potentially life-saving medical treatments.

The Company announced today that CorCell will launch a new cost-reducing service for initial cell storage that will be offered as a payment option for established payment programs; the “Afford-A-Cord” program will only cost $495, a 76.2% savings that brings the option within striking distance of a much broader target market.

Co-founder and CEO of CBAI, Matthew Schissler, noted that the idea to create this service came from analysis of the target market and cited the upfront cost of the service as inordinate for families due to the timing; because of other costs associated with having a child, pressures and stresses, it is often very difficult for parents who want the best for their child’s future to take advantage of this breakthrough technology.

Schissler underscored the fact that the Company, as the undisputed price leader in this regard, is able to finally provide families searching for a solution to long-term health concerns, an affordable solution ($29/month for 18 years of storage after the birth) due in large part to CBAI’s strong financial position.

Schissler went on to say that he had firm faith in the concept that a variety of flexible payment plans was paramount to obtaining the maximum market penetration for CBAI’s services, and detailed the vast effort put into squaring away the legal and accounting aspects of the programs implementation, projecting a July 1, 2010 deadline launch date.

Schissler postulated that this would attract substantial new capital, and was confident that – between the added revenue from the program and the Company’s German branch in 2Q this year – CBAI would be setting a cord-blood subsidiary sales record this quarter.

Schissler stressed that Corcell’s current payment plans are, and will be, in full effect for the foreseeable future, and that the new Afford-A-Cord program is designed to lower the initial barrier for new customers, making the service available even for families with limited cash reserves.

The potential for stem cells is great and as the technologies emerge to utilize this resource, CBAI will be there to provide a winning service to customers and a return engine to investors.

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NetSol Technologies, Inc.’s (NTWK) Web of Global Alliances and Joint Ventures

NetSol Technologies Inc. is a worldwide provider of global IT and enterprise application solutions. The company serves the global financial, healthcare, insurance, energy and technology markets. One of the key approaches of NetSol has been to develop strategic global alliances with different types of partners. The aim is to establish credibility for the customers, enhance knowledge on different technologies and industries, and penetration into new geographical markets.

Currently, the company is focused on two joint ventures. The first joint venture, called Extended Innovation, was formed in 2005 with Britain’s Innovation Group PLC. This venture has shown tremendous growth since its formation and is centered on the insurance industry. It services leading global insurance companies including Allstate, Hertz, Avis, Aviva and Norwich Union.

In 2009, NetSol formed another joint venture, called Atheeb NetSol, with Atheeb Group of Saudi Arabia – a Saudi conglomerate. Atheeb NetSol is to form a “software engineering center of excellence” in Riyadh, Saudi Arabia. The joint venture will target the huge potential existing in IT markets in the Middle East, Africa and Asia, particularly in Saudi Arabia and the Gulf region. The venture’s major focus will be on government projects, defense, finance and telecom sectors in the region.

In addition to these two important joint ventures, NetSol is affiliated with the biggest names in the global IT industry. These affiliations have allowed NetSol to develop its expertise across a wide spectrum which helps in providing a comprehensive, organization-wide IT solution for clients. The following list of companies partnered with NetSol is quite impressive:

• Oracle certified partner – NetSol has won Oracle certification for its products including NFS, HMIS, MTMIS, Legislation system and other products.
• Microsoft gold certified partner – NetSol received competencies (from customer references) in five different areas of the Microsoft gold partnership.
• SAP – NetSol is a SAP services partner, and delivers superior SAP solutions to Fortune 1000 companies across many industries.
• Hewlett Packard-DSPP partner – HP developer and solution provider portal allows NetSol quick and easy web access to HP hardware, support and software.
• IBM-Internet Security Systems – NetSol is a tier 1 partner of IBM-ISS in Pakistan. It is licensed to provide the hardware, software and services to clients in Pakistan.
• Thales Raytheon Systems – Netsol, as a technology partner, represents Raytheon Defense Solutions in Pakistan.
• Kaspersky Lab – NetSol, an enterprise partner of Kaspersky Labs Russia, provides end point security solutions to clients in the telecom, finance, defense, health and public sectors.
• Real Consulting – The companies have a collaboration to introduce NetSol’s IT services and enterprise solutions into Greece and adjacent markets.
• Neptune Software PLC – There is a non-exclusive and non-competitive reseller agreement between the companies for South Africa, Ghana, Kenya, Nigeria, Uganda and other nations on the African continent.

For more information on NetSol Technologies, please visit www.netsoltech.com.

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Cintas Corp. (CTAS) Orders 100 Azure Dynamics (AZDDF.PK) Hybrid Vans

Azure Dynamics Corp. develops hybrid electric and electric components for commercial vehicles. The company today announced it is on track with its mission of ‘’Driving a World of Difference’ by providing Cintas Corp. (Nasdaq: CTAS) with its Balance(TM) Hybrid Electric walk-in vans.

Cintas provides highly specialized services to businesses of all types throughout North America; the company will begin deploying Azure Dynamics vans at its California facilities. This implementation qualifies the company for the state’s Hybrid Voucher Incentive Program funding with incentives of $25,000 per unit.

Dan Braun, senior vice president of Value Improvement Initiatives at Cintas, said securing the 100-unit order is in line with its mission to become a more environmentally friendly operation.

“We’re excited to be implementing this environmentally friendly solution for Cintas, and this order of 100 Azure Dynamics Balance(TM) Hybrid Electric vehicles is a significant first step in establishing our commitment to a greener fleet, and being socially responsible. In completing our due diligence, we selected Azure Dynamics hybrid electric system which combines with the Ford gasoline engine that is part of the current Cintas fleet. The engine-off-at-idle is also important feature of the hybrid electric to ensure reduction of vehicle emissions during the daily operation of our vehicles,” Braun stated in the press release.

The 100 units will be deployed in Sacramento, San Leandro, and Ontario, California, and represent the first large-scale deployment of green technology in the Cintas fleet. Cintas said it will evaluate options to integrate green fleet technology to more of its locations in the United States and Canada.

“We also benchmarked other fleets that have incorporated Azure Dynamics technology; most notably Purolator Courier. Purolator has a fleet that operates in similar conditions to ours, and has operated the hybrid electric vans for several years. This gave us confidence in the Azure Dynamics van’s ability to meet our durability and performance requirements,” said Kenneth Hoglund, director of Fleet Management at Cintas.

For more information, visit www.azuredynamics.com

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Neurocrine Biosciences Inc. (NBIX) Finds Solid Test Results for its Latest Pain Product, Continues Testing a Full Product Pipeline

In the bioscience world, a company’s existence is found in its product pipeline. In this respect, a constant flow of product at the various levels of approvals leads to a stable revenue flow and growth. If an investor can find a company that has positioned itself in this way, profit is sure to follow.

Neurocrine Biosciences Inc., a bioscience company that develops and markets pharmaceutical products directed at endocrinology oriented issues, operates across many differing product classes. Chief among these areas are pain, anxiety, depression, diabetes and insomnia. Given the breadth of this area, there are quite a few other afflictions where the company is pursuing development work with several at the Phase II testing stage.

Perhaps the company’s most recent success is its pain product elagolix. The product helps to address pelvic pain during menstruation and intercourse. Although this particular product is still in the test phase, it does demonstrate the company’s product pipeline is moving fairly quickly toward Phase III testing and product introduction. Other Phase II products include a mood disorder product and a cardiovascular product. Additional products along the company’s development stream are currently in Phase I testing indicating that one might safely assume a fairly constant revenue base. In terms of marketing, manufacturing and distribution, the company’s association with GlaxoSmithKline and Japan’s Dainippon Sumitomo Pharmaceuticals will also help as the products are approved.

As one might suspect, the company’s first quarter revenue results were not all that remarkable as the testing process for its pipeline products continue. It does, however, report that each area being worked is on track and on schedule. Product development timelines indicate 9 months to a year as approvals are reached. In a general way, Neurocrine Biosciences appears to have its timing set for product release as the world economy begins to exit its current situation. This is a statement of pure speculation but one that may well bode well for a company poised to break out toward solid profit.

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ONE Bio Corp. (ONBI.OB) Names Feng Yu as General Manager, Leveraged by Diverse Experience

ONE Bio Corp. utilizes green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products. The company today announced the appointment of Feng Yu, a senior sales executive and expert pharmacist, as general manager for its chemical and herbal extract division.

Yu’s resume includes several senior positions in the pharmaceutical and nutraceutical fields including deputy general manager for Guangdong Oriental Son Pharmacy Co. Ltd., where he was responsible for R&D, production management and sales operation for the medicine and health products; CEO for Guangdong Qingyuan Shengzhitang Modern Traditional Chinese Medicine Co. Ltd., where he was in charge of the company’s operation; and project manager and secretary for League Committee in Pharma Innovation Center of Guangdong Qingyuan Medicine Group, where he was responsible for new product development and submissions.

“We are very pleased to have Mr. Yu join us. Mr. Yu’s extensive experience in R&D for health products, quality control processes and marketing will serve us well as we continue to expand our product portfolio. Since his arrival we have already seen great strategies, initiatives and results from his execution and leadership,” Min Zhao, ONE Bio president (China) stated in the press release.

Yu’s sales experience leveraged him to successfully lead his team twice in passing the National GMP Authentication; he also played a role in the development and implementation of several national and provincial science and technology projects in China.

ONE Bio said it expects Yu’s experience and knowledge to contribute to the company’s efforts and growth in Asia.

“Mr. Yu’s addition to our team strengthens our management group in Asia,” stated ONE Bio CEO Marius Silvasan. “Mr. Yu’s strong operational experience combined to his know-how in the pharmaceutical and nutraceutical fields are key components towards ensuring that as we continue to experience organic growth adequate controls are implemented and enforced to maintain our operational efficiency,” added Silvasan.

Yu graduated from the Department of Biological Pharmacy of China Pharmaceutical University in 2000 and acquired a Qualification Certificate as a National Licensed Pharmacist in 2002.

For more information, visit www.onehcorp.com

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Beyond Commerce, Inc. (BYOC.OB) Set to Acquire WebYES! LLC

Beyond Commerce Inc., a multi-faceted e-commerce solution provider, today announced the signing of a Letter of Intent to acquire WebYES! LLC, a leading online media and marketing services company. The transaction has been approved by the boards of both companies, and is expected to close within the next 30 business days.

Beyond Commerce has its roots in the 2006 development of BOOMj.com, a social network specifically designed to capture the Baby Boom market. BOOMj.com soon became the number one social network for that market. The company then created i-Supply.com, specializing in providing comprehensive e-commerce solutions and tools, allowing any website or social network to better monetize traffic. This was soon followed by LocalAdLink.com to better help consumers increasingly looking to the Web for local products and services. With its growing and proven e-commerce familiarity and capabilities, something it could now offer to others, the company integrated its operations under one flag, Beyond Commerce.

By acquiring WebYES!, which owns and operates a network of high-traffic web properties focused on finance, insurance, automotive products, and associated services, Beyond Commerce takes another big step in pursuit of a rapidly growing Web advertising market. The Internet currently accounts for 20% of all media consumption in the U.S., but advertisers still spend less than 8% of their budget online. Companies offering proven Web marketing tools, expertise, and results stand to benefit as that spending gap closes. WebYES! had $19.5 million in revenues, and $3.5 million in EBITDA in 2009. In the first quarter of 2010, WebYES! had over 2 million unique visitors to its several websites (including ZIPInsuranceRates.com, FastCashMatch.net, DebtMatch.net, FindYourCustomers.com, and APlusAutoProtection.com).

Beyond Commerce CEO, Robert McNulty, commented on his company’s goals. “To capitalize on this vast opportunity, Beyond Commerce has repositioned itself as a media company as well as a technology e-commerce platform provider. We are currently in discussions with several other media companies involved in mobile ad networking, online advertising and local advertising. These discussions could result in potential acquisitions totaling as much as $100 million in combined annual revenues, which would also include all the benefits and advantages of bringing together a number of experienced executives and professionals to manage and operate this exciting new combined entity. We believe there are numerous market segments in the ad networking, online advertising and local advertising space industries which are extremely fragmented. There is a tremendous amount of potential for unlimited growth opportunities for companies with a successful roll-up strategy.”

For more information visit www.BeyondCommerce.com.

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eCrypt Technologies Inc. (ECRY.OB) Achieves Overwhelming Success with International CNBC Advertising Campaign

One company that is beginning to get noticed by investors on Wall Street is eCrypt Technologies Inc. Located in Boulder, Colorado, eCrypt Technologies is an information security firm with a focus on the wireless industry. Today, eCrypt announced that they have received an overwhelming response to their international CNBC advertising campaign.

Since the campaign has begun, eCrypt has seen traffic to their website increase by over 300% with more than 85% of the visitants being first time visitors. The site has received visitors from over 57 countries with the majority of them coming from nations with a high per capita use of smartphone functions for business.

While the increase in traffic is showing promise to the corporation, it is important to note that over 77% of visitors to eCrypt’s corporate website visited the investor resources page. This is a prime indication that investors are starting to take a strong interest in the up-and-coming company.

Leading the way at eCrypt is their CEO Brad Lever. Lever is a noted name in the sector and has helped guide eCrypt into an evolving power. When asked about the response to the advertising campaign, Lever was quoted as saying, “The positive response to our campaign on CNBC was anticipated, and this momentum will propel eCrypt into the next phase. In addition to increased web traffic, our social network following is growing, and our mailboxes are flooding with inquiries from users of other smartphone platforms, including the iPhone and Android.”

To go along with the success of the advertising campaign, eCrypt had announced in February of this year they had pre-development activity for the iPhone and plans to expand product compatibility to other platforms in the near future. This is yet another indication that eCrypt has the potential to make their presence felt on Wall Street in the near future.

To learn more about the eCrypt Technologies Inc., visit their website at: www.ecryptinc.com and you’ll see why so many people are talking about this innovative company.

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Destiny Media Technologies (DSNY.OB) Announces Play MPE(R) Canadian Success

Destiny Media Technologies is the developer of the Play MPE system which the recording industry uses to securely distribute new pre-release music through the internet to trusted recipients such as radio and media. More information on the company and the Play MPE system, visit www.dsny.com.

The company today provided an update on the Play MPE rollout in Canada. 1,400 radio station and music industry staff have registered to become Play MPE members and over 13,000 songs have been sent to 455 Canadian recipients in 2010, including several songs that were exclusive to Play MPE members. In addition, all Canadian radio stations have access to 17,000 Play MPE songs through exclusive Mediabase Canada download links.

In order to familiarize key Canadian radio station personnel with Play MPE, the company’s staff began tours in May to visit major market radio stations across Canada in person. By the end of June, program directors, music directors and station managers at over fifty stations will be individually familiarized with the advantages of Play MPE.

Both the recording industry and media outlets are pleased with Play MPE. Canadian radio stations are appreciate of all the new content being made available by Canadian record labels. According to Steve Zap at Azoff Music Management, “We send all of our releases exclusively through Play MPE because it is a secure system, has a large installed base, and great features like exporting into iTunes, and integration with the Mediabase charts.”

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