Archive for December, 2010

Raser Technologies, Inc. (RZTI.OB) Video Chart for Friday, December 31, 2010

Friday, December 31st, 2010

RZTI has been on a long slide this year, but appears to be once again trying to form a base. The 50dma has been a strong source of resistance this year and technical traders will have this chart on radar to monitor for signs of enough momentum to challenge the resistance.

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Superior Silver Mines, Inc. (SSVM.OB) Completes Merger with Clean Wind Energy

Thursday, December 30th, 2010

Wallace, Idaho-based Superior Silver Mines, Inc. announced today that it has completed a reverse merger transaction with Clean Wind Energy, Inc. Entering into the closing, Superior Silver Mines was a public “shell” company with nominal assets whose purpose was to seek, investigate and, if such investigation warranted, acquire an interest in business opportunities presented to it by other persons or firms.

Clean Wind Energy, which has business strategies to design, develop and construct large downdraft towers to generate electricity and clean water economically, will now become a wholly-owned subsidiary of Superior Silver Mines and its business operations will become the principal business operations of Superior Silver Mines from this point forward. Clean Wind Energy, Inc. has filed several patents which further perfect and enhance their downdraft tower technologies. In order to bring the technology to market, Clean Wind has assembled a world-class team of experienced business professionals, engineers and scientists with access to the breakthrough energy research.

As part of the merger, Superior Silver Mines Director Dale B. Lavigne has resigned and Ronald W. Pickett and Robert P. Crabb were appointed to the Company’s Board. Ronald W. Pickett will retain his positions as Superior Silver Mines’ President, CEO and Chairman. At this point, no name change or ticker change is scheduled for Superior Silver Mines and it will continue to trade on the Over the Counter Bulletin Boards under the ticker “SSVM”.

The transaction was completed through the two companies, as well as Superior’s wholly-owned subsidiary, Superior Silver Mines Acquisition Corporation, and entailed Clean Wind stockholders being issued rights to receive shares of SSVM in exchange for their Clean Winds common stock. An aggregate of 300 million shares were involved in this rights offering. Upon completion, there will be 327,055,199 shares of SSVM issued and outstanding, with the shareholders of SSVM controlling approximately six percent and the pre-merger shareholders of Clean Wind owning approximately 92 percent on a fully-diluted basis.

An 8-K will be filed with the Security and Exchange Commission no later than January 5, 2011. Additional information on Clean Wind Energy, Inc. and its concepts can be found on the Company’s website at www.cleanwindenergytower.com

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China Medicine Corp. (CHME.OB) Success Prompts New $2M Stock Repurchase Program to Follow Ongoing Program, Nears Approval of Aflatoxin Recombinant

Thursday, December 30th, 2010

China Medicine Corp., www.cmc621.com – the remarkable China-based research/developer, manufacturer and marketer of a variety of Western and traditional Chinese medicines (TCMs), herbal/dietary supplements and medical devices, reported approval by the Board of Directors yesterday of a new $2M stock repurchase program.

Slated to commence upon completion of the current repurchase program ($1.5M or 710k shares already repurchased by Dec. 22 of this year), which will end either via conclusion or the arrival of July 11, 2011, the new program would:

• Run over a 12-month interval, making strategic/timely purchases via open market or private transactions (in compliance with SEC Rules 10b-5, 10b5-1 and 10b-18)

• Be funded via an escrow account created as part of the Jan.28, 2010, subscription agreement with OEP CHME Holdings, LLC, the Company’s principal shareholder (OEP CHME is an affiliate of JP Morgan’s private equity arm, One Equity Partners)

Chairman and CEO of CHME, Senshan Yang, emphasized the Company’s strong cash position and how it allowed the “fundamental strength” to target a multiplicity of currently accessible strategic opportunities.

Yang articulated the tactical objectives held by CHME further, explaining that long-term shareholder value would be driven largely by “organic and acquisition-led growth”, ultimately positing an expanded product portfolio, as well as expanded Chinese logistical footprint as goals.

Yang pointed to achievements within the portfolio, like the Company’s proprietary recombinant for purging food and animal feed of harmful aflatoxins, Aflatoxin Detoxifizyme (rADTZ), for which CHME has completed all the requirements and is merely awaiting completion of the last step in the Chinese Ministry of Agriculture’s approval process.

Yang stressed the effort being put into relations with national/provincial MOA to expedite the process and assured investors that final approval was forthcoming.

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Delta Petroleum Corp. (DPTR) Closes On New Credit Facility

Thursday, December 30th, 2010

Delta Petroleum Corp. reported that it has closed on a new credit facility to help finance oil and gas exploration and development operations in 2011. The company said that Macquarie Bank Limited will provide a senior secured credit facility in the amount of $100 million. Delta Petroleum will have immediate access to $50 million of the senior secured credit facility.

The initial $50 million will be composed of two tranches. Tranche A consists of a $30 million revolving line of credit at an interest rate of Libor plus 600 basis points, or the prime rate plus 600 basis points. Tranche B consists of a $20 million advancing term loan at an interest rate of Libor plus 900 basis points, or the prime rate plus 800 basis points.

Delta Petroleum said that the new senior secured credit facility will mature on January 31, 2012, and the company is required to pay a closing fee of 2% of the principal.

Delta Petroleum is an exploration and production company focused on the Piceance Basin in Colorado. The company’s main area of development is the Vega Project where the company has more than 20,000 net acres under lease.

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

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Zentric, Inc. (ZNTR.OB) Moves Forward with Revolutionary Battery

Thursday, December 30th, 2010

Zentric Inc. is committed to using advanced technology to help save the environment. Their primary goal is to provide a superior battery for electrical and hybrid vehicles, through the development and acquisition of proprietary technology. To this end the company has brought together a team of renowned experts from industry and the scientific research community; people preeminent in the automotive and battery technology fields.

The company is quickly becoming a leader in advanced battery technology development, manufacturing, and fuel cell storage technologies, and has already made a major advance in battery technology. By using a proprietary combination of metal hydride and lead acid materials, they are developing a battery with much higher voltages than traditional lead acid batteries, while costing far less than lithium-ion batteries.

The new approach is especially timely considering the accelerating interest in electric vehicles. When it comes to electricity, the major challenge of car makers has always been the low power/cost ratio. Vehicles with enough stored energy to interest the market tend to be too expensive for the market. Vehicles that are affordable tend to be too limited in stored energy. A battery offering the best of both worlds represents a significant milestone.

Zentric recently signed a joint venture agreement to build and operate a battery production facility in Jilin Province, China. China’s demand for batteries is expected to grow by over 8% annually, and the market for high-capacity batteries is projected to increase even faster, perhaps 30% by 2015. Zentric, with its proprietary technologies, high profile management and research team, and well-planned growth profile, considers itself perfectly positioned to capture a major share of this rapidly expanding market.

For more information on Zentric, and their new battery technology, visit www.ZBatt.com

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China Energy Corp. (CHGY.OB) Video Chart for Thursday, December 30, 2010

Thursday, December 30th, 2010

CHGY has retreated from highs that were achieved in November at $2.20, and is now holding a new support level at $1.50. Technical traders will have this stock on radar for buying pressure to hold the support level while watching for any movement north to test resistance levels.

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

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Wowjoint Holdings Ltd. (BWOW) Announces New Contracts Totaling $4 Million

Thursday, December 30th, 2010

Today, Wowjoint Holdings Ltd. announced it has secured a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd. With delivery anticipated to take place in March 2011, the equipment includes two customized 160-ton special carriers that will be used in a highway bridge construction project administered by the Erdos Project Department in Batuta-Junggar.

Wowjoint also told investors of other service contracts signed this quarter totaling approximately $3 million. These include an $860,000 technical service contract with China Railway 14th Bureau Group Co., Ltd and China Railway 16th Bureau Group Co. Ltd and a $290,000 technical service contract with No. 1 Engineering Company, Ltd, a division of CCCC First Harbor Engineering Company Ltd. Furthermore, Wowjoint signed a 190 day, $1.77 million beam erection service contract with China State Construction Railway Co., Ltd. Wowjoint will be responsible for providing transportation and erection services, utilizing its special launching carrier for mountainous terrain for the Shenyang-Dandong high-speed railway, specifically the difficult bridge-tunnel connection areas of the railway.

“Wowjoint is very pleased to sign this contract with China Railway Fangshan Bridge Co.,” commented Mr. Yabin Liu, Chief Executive Officer of Wowjoint. “This is a new product that we developed specifically for this highway project, which will also provide a cost savings to our client. We continue to grow our core equipment manufacturing business while focusing on diversifying our revenue, which is evidenced by our new service contracts. Our specialized technical capability is highly regarded by our customers, and this key competitive advantage is the main reason Wowjoint secured these additional service contracts faster than initially expected.”

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QKL Stores Inc. (QKLS) Announces New Store Opening

Thursday, December 30th, 2010

QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store space.

The company’s 43rd store, located in Manzhouli City, Inner Mongolia, was opened today. Manzhouli is China’s biggest inner land trade port with Russia. Located in the center of the business district, serving over 100,000 Chinese and Russian customers, this hypermarket occupies approximately 9,000 sq. meters of gross space and is the largest modern grocery store in the city.

Mr. Zhuangyi Wang, Chairman and CEO, said, “We are pleased to open our new store opening in Manzhouli, which is our third store opened in Inner Mongolia. We believe the unique and broad product section within our stores can appeal to a growing customer audience and we consequently remain focused on further broadening our store presence in the northeast China region.”

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Compugen Ltd. (CGEN) to Receive $5 Million for R&D Initiatives

Thursday, December 30th, 2010

Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring mid-2013.

Baize Investments’ financial interest in the five molecules consists of the right to receive up to 10% of certain future payments received by Compugen from third parties in the event of the successful licensing out for development and/or commercialization of the molecules. In addition, the investor has the right, until June 30, 2013, to waive his right to receive all such future payments in exchange for 833,334 Compugen ordinary shares.

Martin Gerstel, Compugen’s Chairman, commented, “This arrangement is an excellent example of how we can financially leverage our unique predictive product candidate discovery infrastructure to provide an increasing number of novel and attractive product candidates for potential licensing. Given the continuous expansion and improvement of this infrastructure, the in silico prediction and selection of candidates is from a practical standpoint, essentially without limit as to the number of attractive candidates that can feed our Pipeline Program, and on an extremely cost-effective and systematic basis. Recently we announced the addition of twenty such novel molecules to the Program, and more have been added since that announcement. The funds received by Compugen pursuant to the agreement being announced today will allow us to pursue more aggressively our ambitious objectives for the Pipeline Program during the next few years.”

Mr. Gerstel added, “In view of their long-term interest in the activities of the Company, we are very pleased to have Baize Investments and Mr. Murray Goldman join the Compugen team in this very meaningful endeavor.”

Murray Goldman, Baize Investments’ Chairman, stated, “During the past few years, we have followed Compugen’s scientific progress and growing predictive discovery capabilities. We are extremely pleased to become a financial partner in advancing these exciting product candidates, all of which have the potential to address significant unmet medical needs.”

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IceWEB, Inc. (IWEB.OB) Reports Year End Results for Fiscal 2010

Thursday, December 30th, 2010

IceWEB, Inc., a leading storage technology company and provider of computing hardware, announced yesterday its financial results for the year ended September 30, 2010.

John R. Signorello, CEO of IceWEB, stated, “Fiscal year 2010 was a year of many achievements and some disappointments. Early in the year, the company elected to re-invent itself by manufacturing and marketing state-of–the-art, storage appliances for cloud computing and other rapidly growing markets. After consultation with a number of storage VARs (Value Added Resellers), we determined a channel partner distribution system was key to our future success.”

Signorello added, “We were fortunate that a very experienced storage professional, Karl Chen, after successfully guiding LeftHand Networks from start-up to its ultimate sale to HP, was seeking a new challenge. Karl saw an opportunity with IceWEB to use his experience to establish a distribution network for the company. Already the company’s has over 50 plus channel partners selling IceWEB storage systems throughout the nation and is on target to have 100 partners by May 2011.

“Although final 2010 quarter sales appear to be well below expectations, it is important to note that sales valued at over six figures were delivered to a key channel partner in the final quarter but the systems were not delivered to the end user in time to be included in the audited final quarter sales results.

“Storage companies have commanded attention from major computer manufacturers and storage suppliers. Deals in the past year have seen a number of large and small storage companies being acquired at many times trailing sales revenues. As our footprint grows and as sales ramp up, it is reasonable to expect that those who have not added storage appliances to their product offerings will continue to explore the opportunity to do so.

“In 2010 we continued to create the foundation for future profitability by investing in our high-margin storage business. Strategically, we believe we are well-positioned to see significant improvement in our fiscal 2011 operating results. Also, we entered into several key strategic alliances with Promark, a leading value added distributor of data storage products and solutions in the United States, which will provide us with significant growth opportunities.

“At this stage of our development our focus is on expanding our channel partnerships, developing enhancements to our already rich featured storage appliance line and increasing sales. In so doing, we will gain market share and, eventually, a valuation that is in keeping with our success,” concluded Signorello.

During the 12-month fiscal period, IceWEB generated sales from continuing operations of $3.3 million, significantly higher than the previous period totaling approximately $2.2 million. The company attributed the increase in revenue to the launch of its two-tier channel sales model.

The increase in gross profit was even more pronounce, rising from $900,000 in fiscal 2009 to $1.6 million in fiscal 2010, an increase of 76%. Gross margin percent improved from 41% to 48%. The improvement in margins is attributable to the sale of higher margin storage products and improving margins in the hardware and software solutions business. The company projected continued improvement in its margins during the next fiscal year.

On a Non-GAAP basis, adjusted net loss for fiscal 2010 was $3,239,575 or ($0.03) per share based on 101,379,729 weighted average shares outstanding. This compares to a GAAP net loss of $6,964,233 or ($0.07) per share for the fiscal year ended September 30, 2010.

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True 2 Beauty Inc. (TRTB.PK) Announces $1.3 Million Order From North American Distributor

Thursday, December 30th, 2010

True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products in the United States, announced today that it has received its first order from Kretek International, totaling $1.3mm. Recently becoming the exclusive distributor of Libigrow and Libigirl for the U.S. and Canada region, Kretek International is beginning the process of building inventory and maintaining ongoing shipments to Libigrow’s already established retail distribution network of over 6,000 convenience stores.

“This order is just the beginning of our relationship; we are working diligently with Kretek’s management team to create a strong national marketing campaign, including attendance at high profile industry trade shows, celebrity endorsements, television ads, print advertising, online promotions, and even mobile marketing campaigns,” stated Alex Hbaiu, CEO. Mr. Hbaiu further states, “This order reflects current demand for our products, which is ongoing and substantial. As discussed in a previous release, the company believes it will be able to provide forecast information for growth during January 2011.”

“We are very excited to begin our relationship with Kretek International. It is very clear that the Libi family of products have a strong presence in the marketplace and we are firmly committed to increasing distribution to thousands of new retail locations in 2011. This order reflects our strategy to provide the marketplace with no interruption of product as we begin the distribution of Libigrow and Libigirl through Kretek International,” added Gil Dizon, Executive Brand Manager of True 2 Beauty, Inc.

As mentioned previously by the company, True 2 Beauty is currently expanding to a new facility, with new custom-built packaging machines, to provide quicker turnaround for shipments as the company experiences greater demand for the libigrow product line.

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Transgenomic, Inc. (TBIO.OB) Announces Acquisition of Clinical Data, Inc.’s Diagnostic Business

Thursday, December 30th, 2010

Transgenomic, Inc. announced yesterday that they closed the acquisition of Clinical Data, Inc.’s diagnostic business with a sale price of $15.5 million. The Company also has closed on $6.0 million of financing from Third Security, LLC, a leading life sciences investment firm, to fund the cash portion of Transgenomic’s acquisition of Clinical Data’s diagnostic business.

This strategic acquisition provides Transgenomic, Inc. with proprietary genetic commercial tests that have an established revenue base, proprietary biomarker assays, an additional CLIA-certified laboratory operation and established test reimbursement and coverage policies that offer access to testing for an estimated 280 million patients.

Commenting on the acquisition of Clinical Data’s diagnostic business, Craig Tuttle, Chief Executive Officer of Transgenomic, Inc. said, “We are very excited about the acquisition, which strengthens our molecular diagnostics position in the marketplace, expands our commercial operation with an accomplished team that will improve our competitive position and enhances our customer support and patient care capabilities. We are also very excited about building a strategic relationship and having the support of such a respected investor as Third Security and Randal Kirk. Their knowledge of our industry will be beneficial in catapulting Transgenomic into the top tier of diagnostic providers.”

Under the terms of the financing with Third Security, the Company has issued an aggregate of 2,586,205 shares of the Company’s newly created Series A convertible preferred stock to certain affiliates of Third Security for an aggregate purchase price of $6.0 million. In addition, the Company issued such affiliates of Third Security warrants to purchase an aggregate of up to 1,293,102 shares of Series A preferred stock at an exercise price of $2.32 per share.

The Series A preferred shares issuable pursuant to the purchase agreement and upon exercise of the warrants are convertible into shares of the Company’s common stock at a conversion price of $0.58 per share, for an aggregate of 15,517,228 million shares of common stock. Upon full exercise of the warrants, Transgenomic, Inc. will receive approximately $3.0 million.

Griffin Securities, Inc. acted as financial adviser and placement agent to Transgenomic, Inc. on this transaction.

Commenting on the investment, Randal Kirk, Senior Managing Director and Chief Executive Officer of Third Security, LLC said, “Transgenomic’s strong management team, broad product offering and state-of-the-art technology position the Company for growth in a significant and underserved market. We look forward to working with Craig Tuttle and his management team to help Transgenomic expand and realize its growth plans.”

Headquartered in Omaha, Nebraska, Transgenomic, Inc. is a global biotechnology company. They specialize in high sensitivity genetic variation and mutation analysis, providing products and services in DNA mutation detection and discovery for clinical research, clinical molecular diagnostics, and pharmacogenomics analyses.

The Company’s product offerings include the WAVE® Systems and associated consumables specifically designed for use in genetic variation detection and single- and double-strand DNA/RNA analysis and purification. The SURVEYOR® Mutation Detection Kits and SURVEYOR Check-It Kit provide reagents and protocols for high sensitivity detection of mutations in DNA.

In addition, HANABI automated chromosome harvesting systems improve laboratory productivity with consistent quality compared with manual methods for cytogenetic analyses. Service offerings include the Transgenomic Molecular Laboratory, which provides reference laboratory services specializing in molecular diagnostics including Mitochondrial Disorders, Oncology and Hematology, Molecular Pathology and Inherited Diseases. Transgenomic Pharmacogenomics Services is a CRO for pharmacogenomic, translational research and clinical trials.

For more information visit: www.transgenomic.com

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True 2 Beauty Inc. (TRTB.PK) Up 15.56% on All-Time Record Volume!

Wednesday, December 29th, 2010

True 2 Beauty, Inc. closed today’s trading at $0.26, up 15.56%, on 1,555,998 traded shares, establishing a new all-time volume record! The stock’s 60-day average volume is 229,466 traded shares.

On Monday, True to Beauty announced that the latest edition of In Touch Magazine features an article citing Britney Spears and boyfriend Jason Trawick as Libigow and Libigirl fans. A link to the article is available at the Libigrow website, www.libigrow.com

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California Gold Corp. (CLGL) Secures Financing to Fund Acquisition

Wednesday, December 29th, 2010

California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target.

California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to a select group of accredited institutional investors. The company sold 58.48 million units at a price of $0.025 per unit in two separate tranches, yielding approximately $1.46 million in proceeds.

California Gold Corp. said that the 36.48 million units consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of $0.125 per unit. The other 22 million units consisted of one share of Series A convertible Preferred stock and a warrant to purchase 0.5 shares of common stock at a price of $0.125 per unit. The warrants are exercisable for up to eighteen months after the offering closes.

California Gold Corp. said that part of the proceeds of the offering will be used to finance the purchase of an 80% interest in a mining property located in Sonora, Mexico. The AuroTellurio project is prospective for gold, silver and tellurium and is being sold by the Mexivada Mining Corp.

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Solar Power, Inc. (SOPW.OB) Contracted to Build/Service Major New US Solar Plant, a 5 Megawatt Rooftop Installation in New Jersey

Wednesday, December 29th, 2010

Solar Power, Inc., www.solarpowerinc.net – the aptly named developer of world-class solar modules, balance-of-system products and lifecycle-implemented total solar solutions, announced entry into a construction contract today to create a 5 MW (megawatt) rooftop system for the KTR Capital Partners-owned, White Rose, Inc. distribution warehouse located in Carteret, New Jersey.

NuGen Capital Management, LLC and KDC Solar LLC, formed a joint venture which will own and operate the system, and selected SOPW as the EPC (engineering, procurement and construction) contractor, also tagging the Company for servicing/monitoring of the system.

Because SOPW solar solutions come from a vertically integrated production pipeline and the Company is widely-known for being able to manage a solution throughout its lifecycle, from materials, to manufacturing and post-installation care, the selection was a natural one.

Chairman and CEO of SOPW, Steve Kircher, noted utilization of the Company’s own solar modules and revolutionary SkyMount® racking system in the project, which features extremely robust materials for maximum resilience, easy snap-in design and performance-optimizing mounting capabilities.

Kircher stressed the significance of this project, both for SOPW and America, as the White Rose installation would be one of the largest systems of its type in the nation.

A targeted date of January 2011 has been schedule for commencement of the project and current estimates indicate that it should be complete sometime early in the second half of 2011.

Kircher also indicated that this project affords SOPW greater momentum in the Northeastern markets, where the Company’s unique portfolio of core competencies can be showcased via what is ultimately an ideal model, where the products, system design and construction will all boldly advertise SOPW’s ability to put MWs of solar power into production.

CEO of NuGen, David Milner, underscored the utility of SOPW’s “highly adaptable SkyMount racking system” for a project of this “scope and scale”, emphasized the importance of research and due diligence on behalf of all parties involved and expressed pleasure at the deal with SOPW, tipping his hat regarding future deals in the Northeast.

The White Rose Food building in Carteret, New Jersey serves as corporate offices and a major distribution hub. White Rose services over 1,800 stores ranging from supermarket chains, to retailers and co-ops with over 18k products (food- and non-food), has a huge footprint from Maryland to Connecticut and is the largest independent wholesale food distributor in NYC and New Jersey.

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Cogo Group, Inc. (COGO) to Complete Acquisition Next Quarter

Wednesday, December 29th, 2010

Cogo Group, Inc., a leading provider of customized module and subsystem design solutions in China, announced that it intends to acquire certain businesses of MDC Tech, Inc. The businesses will be merged into Cogo’s existing Industrials business, which is currently the company’s fastest growing business segment. A technology solutions and engineering services company with most of its operations in China, MDC Tech focuses on two of the fastest growing industrial markets in China: the Smart Grid roll-out and Medical Equipment.

Anticipated to close in the first quarter of 2011, the deal will likely be an all-cash transaction of $22 million that will be paid over several quarters. According to the press release, it is currently expected that MDC will contribute revenue of approximately $15 to $20 million and $2 to $2.5 million in operating income in the first four quarters after closing. Because MDC has large existing contracts in place and the integration will require limited upfront investment, it is anticipated that the deal will be instantly accretive to Cogo’s earnings. Recognizing MDC’s contract pipeline and the expected ability to leverage these assets across its base of 1,500 customers, Cogo expects to grow MDC’s sales at an anticipated 20% compounded annual growth rate (“CAGR”) over the next five years.

“The acquisition of MDC enhances our already strong position in the Smart Grid roll-out and puts us in the sweet spot of China’s healthcare reform,” stated Jeffrey Kang, CEO of Cogo Group. “Total spending on the Smart Grid is expected to reach $300 million over the next five years and $125 billion for Healthcare in the next three years. We anticipate this deal will allow us to move ‘upstream’ in some cases and focus more on broad solutions and sub assembly design and servicing.”

“After the close of this deal, we will be increasingly well-positioned to take advantage of the massive spending anticipated in China, including the 10-year plan to complete a unified, national Smart Grid system, a nationwide infrastructure for high-speed Railways, and an upgrade of the country’s Healthcare system to universal coverage,” added Jeffrey Kang. “We are now sitting in the sweet spot of all of these end markets, and we expect to expand our share in these segments and add new Industrial verticals as we move through 2011.”

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Radient Pharmaceuticals Corp. (RPC) Inks 5-Year Agreement with Hong Kong Based Distributor

Wednesday, December 29th, 2010

Through its subsidiary AMDL Diagnostics Inc., Radient Pharmaceuticals Corp. today announced it has entered into a full-service five-year exclusive distribution agreement with Hong Kong based Bio-Asia Diagnostics Co. Ltd. (Bio-Asia). This distribution agreement will enable Radient Pharmaceuticals to bring its Onko-Sure™ IVD cancer test into the Hong Kong healthcare market.

According to the terms of the agreement, Bio-Asia will purchase at least 800 Onko-Sure® test kits. Bio-Asia will be responsible for providing marketing, sales, and distribution services to get Onko-Sure in major diagnostic centers, clinical reference labs, and hospitals in Hong Kong. Additionally, Bio-Asia will reach out to hospitals and cancer research centers in the PRC to provide Onko-Sure® test kits for RUO purposes. Bio-Asia has a network of over 300 major hospitals in Hong Kong and the PRC.

RPC’s Chairman and CEO Douglas MacLellan stated, “This announcement represents a strategic advancement in the global commercialization of our Onko-Sure® cancer test. Hong Kong provides an excellent market for diagnostic tests and Bio-Asia is a leading distribution company there as well as in the PRC. Support from international distributors, including Bio-Asia, is key to the long-term growth of Radient and we are excited to add them to our growing list of distribution partners. Through such partnerships RPC is making substantial progress in meeting global demand for cancer testing.”

MacLellan added, “Beginning 2011, committed minimums for Hong Kong plus RUO sales in the PRC are anticipated to generate over $200,000 USD annually. We appreciate the confidence Bio-Asia has demonstrated in RPC and we will support their efforts to continue to aggressively expand distribution throughout this important territory.”

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GenVec, Inc. (GNVC) Announces Partnership with World-Leading Animal Health Company

Wednesday, December 29th, 2010

Today, GenVec, Inc. announced that it will be working with Merial to develop and commercialize GenVec’s proprietary vaccine technology for use against foot-and-mouth disease (FMD). The leading FMD vaccine producer in the world, Merial has leading positions in all key markets. Under the agreement, Merial will be responsible for all costs related to the development and commercialization of FMD vaccines developed through the collaboration.

GenVec’s novel FMD vaccine approach utilizes the company’s proprietary adenovector technology. The vaccine is manufactured on a proprietary GenVec cell line that is capable of producing antigens without the use of the highly contagious FMD virus. Because the vaccine is produced without using live or killed virus materials, it can be produced cost effectively across the globe.

“We look forward to working with GenVec to explore this promising technology for FMD vaccines,” stated Teshome Mebatsion, Senior Director Vector Vaccine Research, Merial. Robert Nordgren, Global Head of Merial’s Bio R&D added that “Merial sees great potential for GenVec’s technology to positively impact the way that animal vaccines are produced and developed.”

“Our relationship with Merial complements our strategy of entering into collaborations to support the development of our pipeline of products,” commented Dr. Paul Fischer, GenVec’s President and Chief Executive Officer.

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Attunity Ltd. (ATTUF.OB) Joins Forces with Microsoft (MSFT) in Multi-Million Dollar OEM Agreement

Wednesday, December 29th, 2010

Located in Burlington, Massachusetts, Attunity has earned a stellar reputation as a leading provider of real-time data integration and event capture software. Today, Attunity made the announcement that they have signed a multi-million dollar OEM agreement with Microsoft.

According to terms of the deal, Microsoft will provide Attunity’s change data capture (CDC) in Microsoft’s next version of SQL. This will support customer requirements with real time business intelligence as well as cloud computing.

One of the leaders at Microsoft is Denise Draper who serves as the Product Unit Manager at the pioneering company. Commenting on what this agreement will mean to the customers of Microsoft and the industry as a whole, Draper stated, “By making innovative technologies such as Attunity’s CDC available in SQL Server, we are making it easier to use data efficiently, enabling customers to capitalize on the lower cost of ownership of the Microsoft platform and cloud computing.”

Leading the way at Attunity is Shimon Alon who serves as the company’s Chairman and CEO. When asked what this agreement will mean for current and future shareholders of Attunity, Alon was quoted as saying, “This OEM agreement is an important turning point for Attunity. Aside from the strategic importance of this five-year agreement, we expect to receive a significant portion of the payments during 2011 and the balance in quarterly payments starting toward the end of 2012. This will enable us to strengthen our cash position and accelerate our growth by making additional investments in sales, marketing and R&D, as well as target high growth markets such as cloud computing.”

Currently, Attunity is trading in the $0.50 range. With the Microsoft agreement in place and state-of-the-art software solutions in their pipeline, Attunity is a company that institutional investors may soon consider placing in their portfolio.

To learn more about Attunity, visit the company website at www.attunity.com

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Sunvalley Solar, Inc. (SSOL.OB) Teams with TianWei SolarFilms in California

Wednesday, December 29th, 2010

Sunvalley Solar, Inc. is a leading solar power technology and solar system integration firm. The company offers comprehensive solar technology, system design, installation, equipment and technical support for electrical contractors, builders, homeowners, businesses and government entities that assist them in lowering utility bills, reducing environmental impacts and increasing energy reliability and independence.

The company announced yesterday an agreement with its partner Baoding TianWei SolarFilms, a solar thin film supplier in China, to promote thin film solar power systems in Palm Springs, Thermal City and other cities in the eastern Los Angeles area. Since 2010, Sunvalley Solar has worked to bring the power of solar electricity and energy efficiency to farm owners in the area with its Green Farm program.

Sunvalley Solar has found that, in these agricultural locales, thin film modules have better performance in high temperature, desert environments than crystalline modules. The good irradiance conditions in desert areas combined with the thin film technology offered by the company provides an efficient and cost-effective means of solar power for agricultural customers.

TianWei Solar Films and Sunvalley Solar recognize the potentially big opportunities for thin film solar systems in this region of California, especially with the strong solar incentive support from local utility companies. With Sunvalley’s expertise in solar installation and TianWei’s supply of high-quality, low-cost thin film panels, the partners should win many more contracts in the area.

For further information on Sunvalley Solar, visit its website at www.sunvalleysolarinc.com

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Clean Power Concepts, Inc. (CPOW.OB) Shares Continue Rise on Chinese Market Agreement

Wednesday, December 29th, 2010

For shareholders of Saskatchewan-based Clean Power Concepts, Inc., this month has indeed been a “December to Remember” as the price per share of CPOW has surged since it began trading on a regular basis a few weeks ago. After touching a low of 4 cents early in the month, volume has exploded and taken the price per share with it, touching 52 cents in trading so far today as the month and year are winding down to a close.

The month has been chock full of news including record revenues from its operating subsidiary, General Bio Energy, which operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling plant which is also capable of nutraceutical and food processing. Other highlights have included General Bio Energy acquiring the rights to significant Licensed Technology patents for use at its production facility, launching the “Spirit of Health” brand of natural consumer products, and General Bio Energy being named as one of Canada’s top 50 emerging growth companies by Profit Magazine.

Today, the Company announced a milestone agreement which marks its entry in the Chinese markets for its crude canola oil. The open-ended agreement, in which Clean Power will supply its crude canola oil to Chongqing Grain Group Company Ltd. of China, opens the door to generate sales in excess of $400 million over the next ten years of the contract, according to the Company.

Under the Agreement, Chongqing was committed to purchase up to 3,000 metric tonnes of crude degummed canola oil from General Bio Energy and ship the oil to China where it will be refined into table-ready, ‘Refined Bleached and Deodorized’ (‘RBD’) oil and marketed under Chongqing’s well-established “Red Dragon Fly Oil” brand. Initially, Clean Power will supply a portion of the product from its own inventory and a portion from third party suppliers until production increases are performed at its own plant. Upon completion of the upgrades in the production facility, the supply will come solely from Clean Power.

Based on present pricing of $1,320 per metric tonne for crude degummed canola oil and shipments equaling 30,000 metric tonnes per year, Clean Power estimates that the value of this new contract to be approximately $40 million annually. It is important to note that Chongqing is actively operating under an initiative to diversify its suppliers and because this agreement has no termination date, the opportunity is there for possible expansion of business with Chongqing in the future as Chongqing has future business strategies which include large food processing zone in the Chong Quing region of China.

This was a great month for Clean Power Concepts as the Company’s business plans are starting to reach fruition. More information on Clean Power Concepts, Inc. and its operations can be found on the Company’s website at www.cleanpowerconcepts.com

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ZAP (ZAAP.OB) Video Chart for Wednesday, December 29, 2010

Wednesday, December 29th, 2010

ZAAP is in a bullish position after a retrace following a large move in November. The price per share is pinned right at old highs with the indicators giving hints that the price per share may take out the top and create a new high.

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

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Power Efficiency Corp. (PEFF.OB) Receives Patent for E-Save Technology System

Wednesday, December 29th, 2010

Today, Power Efficiency Corp., a clean tech company focused on efficiency technology for electric motors, announced that the U.S. Patent and Trademark Office has granted the company a patent for a core algorithm used in its revolutionary E-Save Technology®. The patent encompasses the method, system and apparatus for controlling electric motors and optimizing their energy use.

Power Efficiency developed its E-Save Technology platform to reduce electric motor energy consumption. Electric motors usually are sized for the worst case operating conditions of the equipment it powers. Typically, it is common to see a motor operate at less than 40% of the rated load for significant periods of time. E-Save Technology allows for variation in the load profile and adjusts the amount of energy required to optimize the energy use of the motor. Results have shown an energy savings of about 35% in appropriate applications.

“This is a very important patent for Power Efficiency,” said Steve Strasser, Chairman and CEO of Power Efficiency Corporation. “This patent covers the core control algorithm for reducing electricity use by an electric motor when it is lightly loaded and so is an integral part of our E-Save Technology platform. We are extremely proud of this technology because of the significant savings it creates for applications driven by Alternating Current Induction Motors, the workhorses of industrial and commercial equipment throughout the world. This is the second patent the company has been granted to date as part of its E-Save Technology platform.”

With its 3-phase Motor Efficiency Controllers, Power Efficiency has established itself in the vertical transportation market, with numerous high profile installations at large airports, transit systems, entertainment complexes and even in the U.S. Capitol Complex. The company is also working with several large end users, OEMs and distributors to increase its participation in industrial markets.

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Total Nutraceutical Solutions (TNUS.OB) and Koch International Sign Distribution Agreement

Wednesday, December 29th, 2010

Yesterday, Total Nutraceutical Solutions (“TNS”) announced that they have entered into an exclusive agreement with Koch International of Seoul, Korea for TNS dietary supplements. Koch, with experience in marketing via radio, television, newspapers and the internet, will be promoting TNS products in the expanding health care product market of Korea.

TNS is a biotechnology research company focused on mushroom research and development, as well as their discovery and use in food and health care products, including preventative health care formulations. The company is also involved in the areas of animal husbandry and livestock feeds.

Despite an economic downturn in Korea, consumers in that country continue to buy over the counter natural dietary supplements regularly. This will be the market Koch hopes to capitalize on with an aggressive push to establish the TNS brand. TNS and Koch have engaged E-ZRA to register TNS products as functional foods with the Korea Food and Drug Administration. E-ZRA has 20 years of experience with such regulatory matters and will also act as a consultant.

Suk Whan Chang, a principal and founder of Koch, is a graduate of both MIT and the Slaon School of Management. Regarding the agreement, Chang stated, “We are extremely excited about the opportunity to introduce and distribute natural organic mushroom-based dietary supplements to a growing population of health conscious Korean consumers. Our networks of sales and marketing partners are keen to help distribute these products throughout Korea.”

“The Korean distribution agreement represents a significant event in the TNS aggressive growth strategy as our company moves our portfolio of health care products into international markets,” stated Marvin S. Hausman MD, CEO of TNS. “We believe that the TNS-Koch partnership will lead to increased sales and revenues for both companies.”

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Advanced Voice Recognition Systems, Inc.’s (AVOI.OB) Patent Covers Verbal Interaction with Technology

Wednesday, December 29th, 2010

It has been argued that the single biggest limiting factor in personal computer utilization is the user interface. While processing speed and memory have exploded over the past decades, most people still peck away at keyboards, entering text the same way and at the same rate they did 30 years ago. Although the Graphical User Interface has greatly reduced the need for text entry in system and application commands, the keyboard is still king when it comes to the entry of textual content. And, since content is largely what people depend upon computers and the Internet for, the need for a more efficient way to get information from the human brain to the computer is a long established quest.

At the top of the interface wish-list is Automatic Speech Recognition (ASR), the ability to turn speech into written text, Although companies have been working at speech recognition for many years, the technology is now finally approaching the point where its full potential is within reach. Recent breakthroughs now allow accurate ASR speeds of up to 160 words per minute, making it realistic to apply the technology where it has never been used before. The development could save time and money for medical, legal, and government agencies alone, and is already revolutionizing things like voicemail and mobile messaging.

Advanced Voice Recognition Systems (AVOI.OB) is an Arizona company whose technology was first introduced at a 1994 industry trade show. The company has a patent based upon word tagging and editing technology for speech recognition that may cover many ASR market participants. The potential for licensing revenue is unknown. The company’s strategy is to pursue license agreements and/or strategic relationships with other companies.

For more information on Advanced Voice Recognition Systems, visit the company’s website at www.AVRSys.com

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