Monthly Archives: February 2011

First China Pharmaceutical (FCPG.OB) Highlights Recent Meeting for Future Growth

February 28, 2011

First China Pharmaceutical Group Inc., a rapidly growing pharmaceutical distribution company in Yunnan, China, today announced it recently held a day-long string of meetings with key managers and employees to discuss recent events and plans for the last quarter of fiscal 2010 (ending March 31, 2010) and fiscal 2011 (ending March 31, 2012).

Through its discussions, the company laid out its plans to capitalize on its recent achievements to secure additional funding, which will enable the company to rapidly increase its product line from 5,000 products currently to more than 30,000 products. Management said that within 12 months the combined capital and increases in marketing and advertising could generate $50 million in sales from the company’s XYT subsidiary alone; within 24 months, the company said it could potentially achieve $100 million in sales.

The company said it believes its “real” growth stems from its ability to quickly close acquisition agreements with sales in the range of $10 million and $40 million, and that if the company can complete some of these acquisitions it could generate an additional $25 million-$75 million in sales within a year of their closing.

First China’s chairman and CEO Zhen Jiang Wang said new initiatives and growing its leadership in the marketplace were also among discussion topics.

“Our meetings were extremely positive and the excitement was palpable. It was clear to everyone that our recent achievements should be perceived against the unexpected and unprecedented Government Health Care reforms instructing institutional health care providers to rapidly move towards agreements with large volume pharmaceutical distributors like First China. Additional initiatives introducing new policies to encourage private funds, including overseas capital, to be channeled into the medical sector have generated extraordinary optimism and opportunities in the sector and Company management extensively discussed participation plans towards developing a leadership role in the growing marketplace,” Wang stated in the press release.

First China noted that since its acquisition of Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT), the company has rapidly met or exceeded its initial goals, including: signing 17 new Hospital distributor agreements; acquiring two exclusive drug distributorship agreements; initiating plans for the acquisition of the high profile De Xin Pharmacy; launching expansion plans outside Yunnan Province by entering into pending agreements to acquire a strategically located distributor, Shandong Run Kang Pharmaceutical Co. Inc.; and planning to expand core facilities and hire new employees to assist sales, logistics and management growth needs.

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Simulated Environment Concepts, Inc. (SMEV.PK) Takes Health Benefits to Ireland

There’s a new doctor in Ireland. It’s called SpaCapsule, a self-contained massage and sensory stimulation system from Simulated Environment Concepts. Ireland is one of the latest in a string of countries slowly being seduced by the unique combination of hardware and software that does far more than simply provide a refreshing clothes-on water massage. One of the growing attractions of the system is its amazing ability to actually reduce cellulite and enhance skin tone in as little as ten 15-minute sessions. It does this at the same time that it reduces stress and improves mindset.

The real life benefits of SpaCapsule are no surprise when you realize that SpaCapsule was, in fact, designed by doctors, people who have spent years seeing the serious negative effects of stress on both the mind and body. To them, SpaCapsule was always meant to be therapeutic, not just immensely enjoyable. To do this required the sophisticated integration of multiple components, resulting in a synchronized program of audio and visual stimulation, together with aroma and even oxygen therapy, as well as a healthy water massage.

The massage process does not require the user to remove their clothes, making it easy to use in doctors’ offices, clinics, spas, and almost any public location. The fact that SpaCapsule is stand-alone, requiring no special plumbing or unusual power supply, adds to its business attractiveness. Another important feature designed into the system is the fact the user’s head is not covered, avoiding the sense of claustrophobia common in many other hydro massage products.

Although SpaCapsule is designed and produced in the U.S., it is already being sold all over the world, including major recent distribution contracts in Europe and the Middle East. When Graham Gibbons tried out SpaCapsule in the U.S., he decided to import the capsules to Ireland. It’s a common story, where the SpaCapsule experience becomes the best salesman.

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Big Cat Energy Corp. (BCTE.OB) Announces $150k Initial Production Order for Environmentally Friendly ARID Water Handling System

Big Cat Energy, – the leading provider of environmentally friendly solutions for Coal Bed Methane (CBM) operators to safely handle produced water by eliminating surface discharged water via the Company’s proprietary ARID™ Aquifer Recharge Injection system, reported receipt today of a $150k order for the ARID system from High Plains Gas, Inc., to facilitate operations at two of that company’s production fields.

President and CEO of BCTE, Tim Barritt, noted the tight integration between BCTE and High Plains, showcasing the Company’s ability to stay ahead of demand within the sector by working directly with customers to maintain ongoing evaluation of requirements and the potential for ARID implementation.

Barritt called the order a hallmark of things to come, fully aware of the projected growth at High Plains, where CBM water handling requirements have steadily increased to a point where the ARID system can not only provide cost and efficiency improvements, but help to instantly address environmental impact concerns across the board.

The multiple benefits of the ARID system to CBM operators and landowners, from outrightly eliminating a variety of costs to reducing the time required to complete operations, is enough to justify its use; but the way this ingenious system is able cut the environmental impact of CBM operations, effectively making those operators “green” operators, is truly extraordinary.

Terms of the order stipulate that a payment be made in cash with the order and that once permitting has been completed (scheduled to start immediately, BCTE projects a late April issuance date on necessary permits) the balance is due.

COO of BCTE, Ray Murphy, underscored the four years of R&D and pilot programs that have gone into making ARID the “best practice” for CBM water handling under full production conditions. Murphy thanked High Plains for operational and financial support during this process, providing encouraging evidence that we have not seen the last of this dynamic duo.

President and COO of High Plains, Mark Hettinger, echoed the sentiments expressed by BCTE personnel roundly, calling this order the first step towards rapid integration of the ARID system along predetermined lines.

Hettinger pointed out that additional areas, prime for installation of the ARID system were currently under review and that the “cost savings and ease of use” the ARID system provides would enable High Plains to bring many stranded wells, which lack the proper infrastructure currently, online and into environmentally safe production.

The Company has already delivered a prior $80k order of ARID technology to High Plains and as these already permitted installations come online, BCTE is able to provide ample evidence to shareholders that near- and long-term returns are well within the Company’s grasp.

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Midway Gold Corp. (MDW) is “One to Watch”

Midway Gold Corp. is a precious metals company focused on exploring, designing, building and operating mines in an accountable manner while producing an acceptable return to its shareholders. The company controls mineral rights along three major gold trends in Nevada and in the Republic district of Washington.

Midway’s technical staff has extensive exploration and mining experience, acquiring and finding five new deposits in five years, and holding an overall discovery record of over 30 million ounces of gold. The team is led by President, COO and Director Kenneth A. Brunk who has conducted numerous feasibility studies and been responsible for designing, constructing, staffing and operating multiple mining operations around the world.

In recent news, Midway Gold announced that exploration drilling conducted in the fourth quarter of last year resulted in an extension of the mineralized strike length by about 1.8 km to the south-southwest of the previously known gold resource at Spring Valley. Mr. Brunk commented, “It will be exciting to watch the development of this potentially world-class gold system.”

The macroeconomic environment, including a weakening dollar, the sovereign debt crisis in the Euro-zone, increased liquidity and loose fiscal policies, are supporting higher gold prices. Since 2001, gold prices have quadrupled, rising to all-time highs of over $1,400 an ounce. According to industry estimates, gold prices are expected to near $2,000 per ounce by the end of 2011.

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ONE Bio Corp. (ONBI.OB) is “One to Watch”

ONE Bio Corp. is an agritech company that utilizes green process manufacturing to produce raw chemicals and herbal extracts, natural supplements, and organic products. The company focuses on the research and development, production, and sale of various extracts from tobacco leaf residues and various plants for health supplements and organic agricultural products.

Offering a range of bio-ecological products, which include raw chemical materials such as organic fertilizers and pesticides, ONE Bio also produces health and energy drinks, organic food products, and fertilizers derived primarily from bamboo. The company’s products are sold through a network of independent third party distributors, as well as directly to supermarket chains, hotels, hospitals, and restaurants.

It has been estimated that the Chinese market for functional foods and beverages and dietary supplements stands at $25B-30B, creating a huge potential market for ONE Bio’s products. The company’s team in China works in unison with North American management to insure prudent, organized growth of the core business, with an emphasis on risk management and internal controls.

ONE Bio is currently pursuing an aggressive acquisition strategy to achieve growth. Targeting companies that are fast growing and cash flow positive, ONE Bio aims to support the growth of these companies with strong managerial insight and direction as well as adequate financing. The company also pursues operating assets synergistic with its current operating units and business strategy worldwide.

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Voyager Oil & Gas Inc. (VYOG.OB) Approved for Listing on the NYSE Amex

Voyager Oil & Gas Inc. is an oil exploration and production company whose primary focus is on oil shale resource prospects in the continental United States. The company currently controls approximately 138,000 net acres in the following five primary prospect areas:

• 24,000 net acres targeting the Bakken/Three Forks in North Dakota and Montana
• 14,200 net acres targeting the Niobrara formation in Colorado and Wyoming
• 800 net acres targeting a specific Red River prospect in Montana
• 33,500 net acres in a joint venture which targets the Heath Shale formation in Montana
• 65,000 net acres in a joint venture in the Tiger Ridge gas field in Montana

The company announced today that its shares of common stock have been approved for listing on the NYSE Amex stock exchange under the symbol “VOG”. Voyager Oil’s shares, which are currently listed on the OTCBB, are expected to begin trading on the NYSE Amex Tuesday, March 1. 2011.

As with any other company, this is a huge step forward for Voyager Oil & Gas. The company’s CEO, J.R. Reger, stated, “This is an important milestone for Voyager. We believe that trading on the NYSE Amex will provide more liquidity for our current stockholders and increase visibility to the investment community.”

For further information about Voyager Oil & Gas, please visit the company’s website at

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American Nano (ANNO.OB) Posts Second Year of Profitability; Solid Q1 Results

American Nano Silicon Technologies Inc., a leading manufacturer and distributor of micro nano silicon-based products, today announced its financial results for its first quarter ended December 31, 2010, reflecting solid growth from increased demand.

The company reported a 43 percent increase to $5.92 million for the first quarter, attributable to increased market awareness of the company’s products for the detergent and cement industries.

Net income increased 259 percent to $2. 58 million over the first quarter of 2009.

“We are pleased to announce solid financial results and robust growth in the quarter,” Fachun Pu, CEO of American Nano stated in the press release. “Our first-quarter results came in strong as anticipated. We experienced 42.7% growth in our revenues for the quarter year over year. We have seen increased demand in the Sichuan Province for our non-phosporous based detergent and cement additive products. Consumers are constantly becoming more conscious of using environmentally safe products and contributing to a cleaner environment. Using our emerging technologies, we continue to develop new products including our non-phosphate flame resistant additive. Additionally, we have sufficient cash from operations to fund our continued capacity expansion.”

American Nano operates through its 95 percent-owned subsidiary Nanchong Chunfei Nano Silicon Technologies Co., Ltd. The company’s micro nano silicon-based products are focused on the concrete and non-phosphate detergent industries, though micro nano silicon (TM) is also widely used in laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, among others. The company noted increased demand for its products and the need for rapid expansion of its production capacity, as well as strengthening current customer relationships.

“We have recently increased our customer base and expect to establish long-term relationships with each new customer. In turn we believe this will further strengthen our robust revenue growth in the future,” Pu stated.

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Sauer Energy, Inc. (SENY.OB) Announces Third Patent on its Next Generation Wind Turbine

Located in Newbury Park, California, this young company has made a name for itself by commercializing what it believes to be revolutionary patented technology in wind turbines that is designed to make them highly efficient and productive while being small and affordable. Today, Sauer Energy made national news with the announcement they have secured a third patent for this technology.

The patent, which was issued by the United States Patent and Trademark Office (USPTO), covers some of the company’s most revolutionary wind turbine aspects for the maximum capture of wind energy. Coverage will include aerodynamic features that will incorporate air strakes on the inside of the blades which will provide an array of benefits to both consumers and the environment. While the news of this patent is a strong indicator of positive things to come for Sauer Energy and their shareholders, perhaps the biggest news of all is that the company has many more patents pending and in development.

Leading the way at Sauer Energy is Dieter Sauer who serves as the president and CEO. Sauer has made it clear to the marketplace that this company has the mission of being the leader in wind energy technology and was quoted as saying, “We believe our patented and patent pending wind turbine technology holds great value for the renewable energy industry, and will provide us with barriers to entry and strong competitive advantages in the market as we focus on commercializing our technology in 2011.”

Currently, Sauer Energy is trading in the $1.08 range. With the vast amount of technology in their pipeline and a strong grip on their niche of the marketplace, Sauer Energy may be a company that investors will consider placing in their portfolio while it is still low enough to gain a strong position.

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Gastar Exploration Ltd. (GST) Announces Marcellus Shale Leasehold Purchase

Gastar Exploration Ltd. announced the purchase of mineral leasehold in the Appalachian Basin that is prospective for oil and gas. This was the company’s second purchase of acreage in recent months within the region.

Gastar Exploration Ltd. said that it has purchased 3,300 gross acres of leasehold in partnership with Atinum Marcellus I LLC. The two entities are involved in a joint venture in the basin.

Gastar Exploration Ltd. said that the leasehold is located in Marshall County, West Virginia, and the two companies will be targeting the Marcellus Shale formation in that area. Wells here contain natural gas and a high level of natural gas liquids.

The acquired acreage is located on the site of a chemical plant owned by PPG Industries (PPG), and has thirty potential drilling locations. The company plans to start drilling in the last six months of 2011.

In December 2010, Gastar Exploration Ltd. closed on the acquisition of 62,000 net acres of mineral leasehold for $29.1 million. The acreage is located in several different counties in West Virginia, and was producing 500,000 cubic feet per day of natural gas on the date of purchase.

Gastar Exploration Ltd. also purchased a forty one mile natural gas gathering system and a salt water disposal well in the deal.

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Masterbeat Corp. (MSTO.OB) Completes Acquisition of AudioStreet, Inc.

Masterbeat Corp. announced Friday that they consummated their acquisition of AudioStreet, Inc., a privately-held operator of website communities focused on music-based content. These website communities include,, and

Masterbeat owns and operates is a digital music download store offering consumers more than 5 million tracks. These tracks range from past and present hits to rare and exclusive dance and DJ remixes from major and independent labels.

Brett Henrichsen, Masterbeat’s Chief Executive Officer (CEO) and Founder, announced, “Masterbeat was founded in an effort to create the best possible user experience for audiophiles and to offer only the highest quality ‘audio files’ in the process. This deal will strengthen Masterbeat’s efforts to become the premier digital music community on the web.”

Henrichsen will step down as CEO to assume the position of Chief Creative Officer. “Relieving me of the responsibility of operating our back office on a daily basis will allow me to focus my energy on driving massive traffic to the sites and increasing revenue,” Henrichsen said. Music Industry heavyweight Dick Wingate will remain the Chairman of the combined companies. and began in 2004 and 2005, respectively, as online destinations for musicians, DJs, and music mixologists. These sites provide a platform for artist discovery and for the promotion and distribution of new music from independent producers. These two sites, combined, currently have more than 40,000 brands and 20,000 actively participating DJs.

Mr. Chris Messalas, Chairman of AudioStreet, Inc., stated, “We are excited about the synergy that exists between AudioStreet’s brands and Masterbeat. We look forward to the imminent growth of all of the brands under the stewardship of the Masterbeat team.” Appointed CEO of Masterbeat Corporation, Mr. Messalas will lead the joint entity.

Since 2008, Chris Messalas has been the Chairman and CEO of AudioStreet, Inc. Mr. Messalas also has over 19 years experience in the securities industry. His specialty is in the micro and small cap markets. Mr. Messalas, as the Managing Partner of LeadDog Capital LP, has formed strategic relationships with some of the world’s largest institutional investors and lenders allowing them to structure creative corporate financing solutions for high growth companies.

Mr. Jan Chason has been appointed COO and CFO of Masterbeat. Mr. Chason has extensive experience in financial management in the entertainment industry. He has served as the CFO and in other senior financial positions for several public companies. He was part of the team that built SFX Radio and SFX Entertainment into Live Nation Entertainment. Mr. Chason is also the CFO of several small cap companies. Before serving in these positions, he was a Partner in Ernst & Young LLP.

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Allos Therapeutics, Inc. (ALTH) Video Chart for Monday, February 28, 2011

Friday’s movement gave hints that ALTH may be ready to try and climb off the bottom. Support is defined in the area of $3.18 with 10 percent gain upside to the first major resistance from Friday’s close.

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BIO-key International Inc. (BKYI) to Attend IBM Pulse Conference 2011

BIO-key International, Inc., a leader in the development and marketing of fingerprint biometric technology and solutions in the US, recently announced that it will be a participant in the IBM Pulse Conference for 2011. The Premier Service Managers Event will be held in the MGM Grand Hotel in Las Vegas, Nevada from February 27-March 2, 2011. BIO-key will be represented at BOOTH #E111.

The company is proud to be honored as an IBM technology partner, showcasing their new products and solutions at this year’s Pulse Conference. The company will present its newest, most innovative finger-based biometric identification technology, focusing on its enhancements and new software capabilities.

With two days of general session keynotes and 300+ client sessions, Pulse 2011 will demonstrate its Integrated Service Management and how it will help various organizations, design, deliver, and manage services with business and IT boundaries. Pulse 2011 is a provider of a plethora of opportunities to learn from industry experts and to network with attendees to gain the necessary insight and advice to take their service management strategy to an optimal level.

“The Pulse conference allows us to further relationships with channel partners along with IBM product managers and sales representatives, while we share our vision of the future,” stated Ben Hammel, Director of Identity Management Solutions.” These dynamic exchanges allow us to empower our partners with the latest biometric identity solutions for their clients.”

Hammel continued, “We are extremely excited about our ability to implement finger based biometric solutions with the IBM TAM ESSO global user and partner community.TAM ESSO users can now take advantage of the reader independence capabilities with unlimited scalability using BIO-key software.”

Pulse also provides the opportunity to “Meet the Experts”, which allows the attendees to engage in informal conversations and discussions with technical and business leaders who engage in the design, development, and support IBM products and services that are presented at Pulse. Mr. E.K. Koh, Program Director for Single Sign-on, Tivoli Software/ IBM Software Group, will be offering his insight on TAM ESSO and BIO-key technology on Tuesday March 1st at 10:45am.

“IBM took a leadership role by integrating BIO-key’s biometric technology into their TAM ESSO platform and this event will allow us to disseminate the message that TAM ESSO now has state of the art finger biometric capabilities. Our goal is to support our channel partners and IBM sales and marketing group so they can share the news to their clients,” said Scott Mahnken, Vice President Marketing.

BIO-key International, Inc. engages in the development and marketing of fingerprint biometric technology in the United States. The company offers a suite of biometric products, including Vector Segment Technology SDK, a biometric development kit; True User identification, a biometric identification solution that offers one-to-many user look up with just a single fingerprint; and WEB-key, a biometric security platform for managing fingerprint authentication across unprotected networks, including the Internet.

The company’s product line also compromises Biometric Service Provider, which supports the BioAPI for compliant interface to application via biometrics for verification and identification. BIO-key International has a strategic partnership with Oracle, Computer Associates, IBM, and AT&T. BIO-key’ technology is offered directly or through market leading partners globally. The company, founded in 1993, is headquartered in Wall, New Jersey.

For more information on BIO-key International, Inc. and its products and services, visit their website:

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Savient Pharmaceuticals, Inc. (SVNT) Announces New Drug

Friday, Savient Pharmaceuticals, Inc. announced the launch of their leading drug KRYSTEXXA. KRYSTEXXA has recently been approved by the U.S. Food and Drug Administration for the treatment of chronic gout. The company’s product is now the first and only therapy available to address this condition.

John H. Johnson, Chief Executive Officer of Savient, stated “Since receiving FDA approval for KRYSTEXXA, we have focused on preparing for a successful U.S. Launch. Our sales force has completed very thorough and extensive training. We are excited to deploy this highly talented and biologics experienced team into their territories. There has never been a more exciting time in the history of Savient, nor for the chronic gout patients, who have waited so long for a therapy that has the potential to change the course of their lives.”

Savient has made several key decisions in order to get this drug passed:

Experienced Sales Team – Savient has hired an experienced sales force including: regional medical scientists, care executives, business directors, nurse educators and area business solutions managers. Each of these new hires is working with local hospital staff to address patient need.

Reimbursement Plan in Place – Savient has also retained reimbursement specialists to assist physicians and office personnel as they work through the reimbursement process. To date, Savient believes that no patients have been denied reimbursement for KRYSTEXXA.

Staged Roll-out – Savient will roll out the product in separate stages. During the first phase of the launch program, Savient sales teams will target Rheumatologists and Nephrologists.

Expanding market opportunities – Savient is on track to complete the EU submission for KRYSTEXXA in the first quarter of 2011 or shortly thereafter.

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New Energy Technologies, Inc. (NENE.OB) is “One to Watch”

February 25, 2011

New Energy Technologies, Inc. is focused on researching, developing and eventually commercializing emerging next-generation alternative and renewable energy technologies. The company is currently developing a novel MotionPower technology which generates electricity from the motion of vehicles, and the first-of-its-kind SolarWindow technology capable of generating electricity on see-thru glass windows.

To-date, New Energy has filed nine new patent applications with the United States Patent and Trademark Office (USPTO) and two international patent applications to its MotionPower technologies. As millions of vehicles slow or come to a stop at toll plazas, rest areas, drive-thrus and countless other roadway points, their motion energy, derived from the burning of fossil fuels, is dissipated in brakes and lost as heat to the environment. New Energy’s MotionPower devices use this lost energy to generate electricity.

New Energy’s SolarWindow technology makes use of the world’s smallest functional solar cells. These cells can generate electricity from both natural and artificial light sources. Once scaled-up for use in commercial-scale production, New Energy anticipates the ability to spray solar coatings directly onto New Energy’s first-of-its-kind see-thru SolarWindow, providing significant commercial production advantages over today’s thin-films.

Last month, New Energy announced that researchers have successfully developed a 12”x12” working prototype of the Company’s SolarWindow technology. The prototype marks a 300% increase in size over its predecessor and brings the SolarWindow technology another step closer to the residential and commercial end-user.

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Primoris Services Corp. (PRIM) Selects Industrial Technology Veteran Dr. Roberto Ruiz for President/COO of OnQuest Subsidiary

Primoris, – the 65-year veteran specialty contractor and infrastructure development company, announced the appointment of Dr. Roberto Ruiz to head up wholly-owned PRIM subsidiary OnQuest, Inc., as President and COO.

Dr. Ruiz, widely hailed as a leader in the field of industrial technology, with 25 years experience in a variety of key positions, joined OnQuest late last year in November, and succeeds founder David J. Baker, who nurtured the company to fruition since its inception in 2002 and is now at PRIM as a senior advisor to the OnQuest management team, as of Jan. 1, this year.

OnQuest has rapidly grown to become a top provider of custom design and engineering for combustion technology-based operations like process plants, petrochemical refineries and direct-fired furnaces, as well as clean-air, NOx technologies and burner management systems, also offering turn-key project management for construction.

OnQuest currently has three more offices, in addition to the HQ in San Dimas, CA, including the Born Canada operating subsidiary in Calgary, Alberta, and sales/project management offices stateside in Houston and Pittsburg.

Dr. Ruiz brings a long and unparalleled track record to OnQuest:

• Former VP at John Zink Company as of 1997, where he initially led technology and commercial development, later acting as business head for the process burner group
• Various direct works in everything from process design and environmental controls to fuels, gas separation, fluid mechanics, heat separation and advanced diagnostics
• Managerial roles covering the gamut from aforementioned commercial development to strategic planning for the oil and gas industry and more complex international operations as well
• Prior to 1997, Dr. Ruiz worked closely with the Gas Research Institute, as well as Air Liquide, handling commercial management of the gas separation businesses
• M.S. and Ph.D. in mechanical engineering, University of Minnesota
• B.S. in engineering, University of California, Los Angeles
• MBA, University of Chicago, Booth School of Business

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Cytori Therapeutics Inc. (CYTX) Granted a Japanese Patent for Its Celution System Technology

Cytori Therapeutics Inc. is a leader in providing patients and physicians around the world with medical technologies that harness the potential of adult regenerative cells from adipose tissue. The company’s Celution System family of medical devices and instruments is being sold into the European and Asian cosmetic and reconstructive surgery markets, but is not yet available in the US.

The company announced today that it has been issued Patent No. 4653952 from the Japan Patent Office covering devices for extracting and concentrating the stem and regenerative cells which naturally exist within adipose tissue. Specifically, the patent covers the underlying technology for Cytori’s Celution System family of devices, including the Celution 800 series and the next-generation Celution One series of devices, as well as the StemSource laboratory equipment.

This patent is the company’s first to be issued in Japan and will serve as Cytori’s foundational patent. Cytori already has ongoing strategic and commercial interests as it formed a joint venture with Olympus Corporation in 2005. Importantly for Cytori, the patent creates a significant barrier to entry for competitors through at least 2022 in the world’s second largest medical market.

Cytori now has 30 issued patents worldwide. These include 11 issued patents in the United States as well as issued patents in China, Singapore and South Korea. In addition, the company has more than 100 pending patent applications worldwide. For further information about Cytori Therapeutics, please visit the company’s website at

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Gran Tierra Energy Inc. (GTE) Reports on 2010 Oil and Gas Operations

Gran Tierra Energy Inc. reported financial and operational results for 2010 including oil and gas production and reserve information. The company is active in exploration and development in South America.

Gran Tierra Energy Inc. reported average production of 14,325 barrels of oil per day in 2010, a 13% increase over 2009 production. The company said that average production for the fourth quarter of 2010 set a record at 15,792 barrels of oil per day. Ninety five percent of the production was from the company’s properties in Colombia, with the balance from Argentina.

Gran Tierra Energy Inc. achieved proved reserves of 23.6 million barrels of oil at 12/31/2010. This also set a record for the company. Proved and probable reserves totaled 31 million barrels of oil and proved, probable and possible reserves came in at 47.3 million barrels of oil.

Gran Tierra Energy Inc. reported revenue of $374.5 million in 2010, up 42% from a year earlier. The company also saw a large increase in profitability for 2010, reporting net income of $37.2 million, or $0.14 per diluted share. In 2009, the company earned net income of $13.9 million, or $0.06 per diluted share.

Gran Tierra Energy Inc. ended 2010 with cash and cash equivalents of $355.4 million, up from $270.8 million at 12/31/2009. The company reported no long or short term debt.

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SuperMedia, Inc. (SPMD) Appoints Matthew Stover as Chief Marketing Officer

SuperMedia, Inc., a leading advertising company for local businesses across the U.S., announced today that Matthew Stover, a seasoned professional and pioneer in online, mobile, social media, and print directories, will become the company’s Chief Marketing Officer and an Executive VP. Stover will be responsible for driving SuperMedia’s growth strategy and marketing functions, and for overseeing business development and partnership relationships.

Matthew Stover, a graduate of Yale University, is currently the CEO of Local Matters, Inc., providing online search and advertising products and solutions for leading directory publishers and real estate portals in 16 countries. He was also Chairman and CEO of vpOne Publishing, a closely held company providing print and online yellow pages directories in the U.S. and Canada. Prior to that he served as group president of Bell Atlantic Directory Group, and president and CEO of its predecessor companies, where he oversaw the $2.4 billion domestic white and yellow pages print publishing business. He also created the country’s first national online yellow pages, as well as the successful web@once suite of website creation and hosting products, making a major ISP. He also created Global Directory Services, Inc., providing print and online shopping directory services for China, Greece, Poland, and other countries. Early in his career, Stover was chairman, president, and CEO of AGS Computers, and he has held numerous directorships and posts.

SuperMedia CEO, Peter McDonald, said of the appointment: “Mat was a pioneer in creating the first national online yellow pages, and in integrating online search, advertising and shopping in the 1990’s. Since then, he has been an officer and director of companies providing online commerce, mobile services, search and advertising solutions, and print and online directories. His knowledge of our operations as the former CEO of one of SuperMedia’s predecessor companies, his six years as a director and then chairman of the Yellow Pages Association, his experience overseeing corporate communications advertising and branding for major corporations, and his involvement in negotiating and managing numerous business transactions and partnerships will be great assets for our company.”

Stover added, “I look forward to partnering with Peter, with the Board, with all the members of the SuperMedia team and, most importantly, with current and future SuperMedia customers, to be at the forefront of helping businesses harness local media solutions to add and retain their customers. Local commerce is the heart of the U.S. economy, and I share the focus and passion of the SuperMedia team to help small-to-medium sized businesses grow.”

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Chelsea Therapeutics International Ltd. (CHTP) Video Chart for Friday, February 25, 2011

CHTP has formed a two-day reversal pattern called a bullish harami. While not the strongest reversal pattern known to technical analysis, it is occurring right on a support level at $4. Volume upticked slightly from the previous days and we will be looking for confirmation of a reversal as this stock looks to reclaim a portion of the more than $4 it has lost in share value over the last two months.

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iGo, Inc. (IGOI) Steps into Rechargeable Battery Market, Signs New Agreement with PureEnergy Solutions

iGo, Inc., a leader in the design, development, manufacturing, and distribution of high and low powered mobile electronic devices, announced that it has signed a new marketing, distribution, and licensing agreement with PureEnergy Solutions, a manufacturer of rechargeable alkaline batteries. iGo will become the exclusive marketer and distributor for all of PureEnergy Solutions’ rechargeable alkaline batteries to retailers around the world, excluding China. The company will have non-exclusive distribution rights in Africa as well.

The company also entered an agreement with Premier Tech Home & Garden to take over its most current distribution rights for the PureEnergy batteries in Canada. The agreement includes the transition of its customer relationships for PureEnergy batteries. The accounts currently held represent approximately $2 million in annual revenue. As part of the agreement, iGo has purchased current inventory to support said accounts.

The batteries and chargers will be sold worldwide mainly under the brand name iGo Green®, although some existing customers in Canada will continue to sell the batteries and chargers under PureEnergy’s name or their own private label brands. The company will provide its alkaline batteries in AA and AAA sizes initially, along with multiple other charging solutions such as wall outlet and USB chargers.

The rechargeable alkaline batteries can be used in any device that is made to use disposable alkaline batteries. An additional benefit includes the ability for the battery to charge up to 100 times. The rechargeable batteries are the most least expensive batteries available in the rechargeable battery market, selling up to 30-40% less than other battery options such as nickel metal hydride and lithium batteries. The Rechargeable batteries have the ability to hold their charge for up to seven years, much longer than that of nickel metal hydride batteries.

“We are very excited to sign this agreement with PureEnergy Solutions and enter the rechargeable alkaline battery market,” said Michael D. Heil, President and Chief Executive Officer of iGo, Inc. “This is a great strategic fit with our existing product portfolio and retail distribution network, and further strengthens iGo’s positioning as a leader in ‘green’ power solutions. Rechargeable batteries comprise 15-20% of the overall battery market in Europe and Canada, but less than 5% in the United States. We believe the market for rechargeable alkaline batteries has strong growth potential as more consumers become aware that there is an inexpensive alternative to wasteful, single-use disposable alkaline batteries. We believe that we can steadily grow the sales of this product line in the coming years as we leverage our retail distribution network and increase the number of locations where these batteries are sold in the United States and Europe.”

iGo Inc. will pay royalties to PureEnergy for the use of the PureEnergy brand and technology, in accordance to its agreement with PureEnergy. The initial agreement is for five years, provided that iGo will achieve annual minimum sales targets to acquire the exclusive distribution rights. If not met, the distribution rights will be converted to non-exclusive distribution rights. If all annual minimum sales targets are met, iGo Inc. will have the option to extend the agreement for up to 15 years.

iGo Inc. engages in the design, development, and the distribution for high and low power mobile electronic devices around the world. The company produces products such as AC/DC universal power adapters, DC-only power adapters, AC-only power adapters, DC cigarette lighter adapters, mobile AC adapters, combination AC/DC adapters, and battery powered adapters. The company also provides various mobile device accessories, such as monitor stands, portable computer stands, and foldable keyboards. Power products for mobile phones, smartphones, digital cameras, and portable game products are also provided by the company. iGo markets and sells its products via original equipment manufacturers, private label-sellers, retailers, resellers, distributors, and wireless carriers, as well as directly to end users through its Website.

For more information on iGo, Inc. and its products, visit their website:

PureEnergy Solutions is a company that strives to revolutionize power delivery to portable electronic devices with the aid of its WildCharge™ wire-free technology. The company is a leader in supplying sustainable and environmentally friendly rechargeable battery products with its RAMcell™ rechargeable alkaline batteries. With its Technology Licensing Program and WildCharge Mark of Interoperability, PureEnergy Solutions allows its licensed partners to develop and manufacture products that incorporate wire-free technology into their solutions and introduce them to the market in an efficient and timely manner. PureEnergy products are sold in over 75 countries in the world.

For more information on PureEnergy Solutions and their products, visit their website:

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TechniScan, Inc. (TSNI.OB) Signs Agreements for Manufacturing and Use of Trademarks with Womens3D

TechniScan, Inc. announced yesterday that they have signed agreements for manufacturing and use of trademarks with Austin, Texas-based Womens3D. TechniScan, Inc. is a medical device company engaged in the development and commercialization of an automated 3D breast ultrasound imaging system.

These agreements follow a product development agreement signed between the two companies in January 2011. With the product development agreement the two companies agreed to jointly develop a specialized version of TechniScan’s Warm Bath Ultrasound (WBU) system specifically for Womens3D target market of women’s specific health practices. These include OB/GYN and general practice offices.

Under the terms of the manufacturing agreement, TechniScan, Inc. will be the exclusive manufacturer and supplier of the product(s). Womens3D will receive a license to sell the product to their target market.

The license becomes exclusive upon certain conditions being met. This includes payment of a minimum $1.5 million to TechniScan in connection with the initial design and development of the product. Womens3D has also made a commitment to purchase at least $10 million of TechniScan, Inc.’s products during the 36 months following FDA approval.

TechniScan, in addition to the manufacturing and trademark agreements, receives shares of Womens3D common stock equal to 20 percent of the current capitalization of Womens3D.

Womens3D’s Chief Medical Officer and Research Scientist and Imaging Director at Texas A&M’s Institute for Preclinical Studies, Mr. Mark Lenox, Ph.D., conducted the technical evaluation of TechniScan, Inc.’s WBU system.

Mr. Dave Robinson, Chief Executive Officer of TechniScan, Inc., said, “TechniScan is energized by our new partnership with Womens3D. We are looking forward to collaborating on the development and manufacturing of a WBU imaging system that addresses the unique needs of their target market. The partnership will potentially open new markets for our equipment and add an experienced medical imaging partner to our development efforts.”

Headquartered in Salt Lake City, Utah, TechniScan, Inc. is a medical device company engaged in the development and commercialization of a non-invasive imaging tool designed to provide physicians with automated ultrasound images of the human breast. The Company’s Warm Bath Ultrasound™ (WBU™) imaging device is limited by U.S. law to investigational use unless, and until, cleared by the FDA.

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U.S. Energy Corp. (USEG) to Jointly Develop Oil and Gas Leases in Texas

U.S. Energy Corp. reported that the company has signed an agreement with another independent oil and gas company to participate in the joint development of mineral leases in Texas.

U.S. Energy Corp. signed a deal with Crimson Exploration Inc. (NASDAQ: CXPO) on 4,675 gross acres, or 1,402 net acres, located in Zavala County, Texas. The company can earn a 30% working interest in the acreage through the payment of cash up front and a future drilling carry. U.S. Energy did not disclose the financial terms of the deal due to competitive reasons.

U.S. Energy Corp. and Crimson Exploration Inc. plan to develop the Eagle Ford Shale formation on the acreage. This formation produces mostly oil in the area the two companies are working on, and the first well is planned in the second quarter of 2011. The well will be drilled to a total depth of 12,500, including the horizontal portion, and will be hydraulically fractured to maximize production.

U.S. Energy Corp. and Crimson Exploration Inc. said the results of the first well will be evaluated to determine a future development plan. The acreage has 26 gross or 7.8 net drilling locations into the targeted formation.

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Earth Dragon Resources, Inc. (EARH.OB) is “One to Watch”

Earth Dragon Resources, Inc. (EARH) is an exploration stage company focused on acquiring, exploring and developing mining properties. Currently, the company is developing gold deposits in the Ashanti Gold Belt in Ghana and the Lupa Goldfield in Tanzania. Earth Dragon has significant international potential due to the robust demand from the gold market.

In Ghana, the company has identified an area of mineralized quartz veins averaging 1 meter in thickness, and a shear zone as wide as 10 meters striking SW-NE for about 700m in a series of sub-parallel structures approximately 500m apart. Presently, 35 people are excavating and sampling gold targets on the Nkwanta Concession focusing on previously identified hard rock vein deposits.

In Tanzania, the company has identified a shear zone as wide as 10m and mineralized quartz veins averaging 100cm in thickness which strike SW-NE for about 700m in a series of sub-parallel structures approximately 150m apart. Tanzania has become one of the fastest-emerging gold producers in Africa and is now the continent’s third-largest gold producing country.

The macroeconomic environment, including a weakening dollar, the sovereign debt crisis in the Euro-zone, increased liquidity and loose fiscal policies, are supporting higher gold prices. Since 2001, gold prices have quadrupled, rising to all-time highs of over $1,400 an ounce. According to industry estimates, gold prices are expected to near $2,000 per ounce by the end of 2011.

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Chart Industries, Inc. (GTLS) Reports Strong Growth and Improved Backlog

February 24, 2011

Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced its financial results for the fourth quarter and year ended December 31, 2010.

Net sales for the fourth quarter of 2010 were $158.8 million, up 22% from $130.3 million in the comparable period a year ago. Gross profit for the fourth quarter of 2010 was $50.6 million, or 32% of sales, versus $43.9 million, or 34% of sales, in the comparable quarter of 2009.

Net income for the fourth quarter of 2010 totaled $9.8 million, or $0.33 per diluted share, compared to $15.5 million, or $0.53 per diluted share, for the fourth quarter of 2009. According to the press release, the fourth quarter of 2009 included several items that favorably impacted pre-tax income by $4.0 million, or $0.15 per diluted share, including a bargain purchase gain from the Covidien acquisition partially offset by restructuring and acquisition-related costs.

“2010 was a transitional year for Chart, with our financial performance improving each quarter as we expected, due to improving global markets across all our business segments,” commented Sam Thomas, Chart’s Chairman, President and Chief Executive Officer. “Fourth quarter orders were the strongest quarterly intake since the second quarter of 2008. In addition, fourth quarter orders improved 24% over a strong third quarter order level, and we finished the year with our best quarterly profit performance for 2010.”

Mr. Thomas continued, “The recently announced Nitrogen Rejection Unit (“NRU”) order in excess of $90 million signals the return of large project work in our Energy & Chemicals (“E&C”) business and is a strong validation of the significant quote activity we have seen over the last year. We remain optimistic about additional large project opportunities in the E&C business. In our BioMedical segment, the SeQual acquisition, completed in late December 2010, expands our respiratory product offering with a portable oxygen concentrator. This product is experiencing the highest growth rate among our respiratory products and takes advantage of Chart’s existing distribution network to drive incremental sales. We will continue to focus on acquisitions with above average growth potential going forward.”

Backlog at the end of 2010 was $236.4 million, 28% higher than the previous year. Orders for the fourth quarter of 2010 were $182.2 million compared with third quarter 2010 orders of $146.8 million, a improvement.

“The order improvement was led by our E&C business, where natural gas processing and natural gas liquids recovery projects continue to provide order opportunities, particularly in North America,” said Mr. Thomas. “In addition, December monthly order intake in our Distribution & Storage (“D&S”) operations was the strongest in two and a half years, led by mobile equipment and engineered system products. With customer-owned inventory at Chart sites down to very low levels, we have started to see an increase in bulk and transportable equipment orders, which also contributed to the improvement during the quarter.”

Cash and short-term investments totaled $165.1 million and net debt was $60 million as of December 31, 2010. Major uses of cash during the quarter included $39 million for the acquisition of SeQual, which closed late last year, and $5 million for capital expenditures, the majority of which was used for the new BioMedical facility in Canton, Georgia.

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NIVS IntelliMedia Technology Group (NIV) is “One to Watch”

NIVS IntelliMedia Technology Group (NIV) is an integrated consumer electronics company focused on designing, manufacturing, marketing and selling intelligent audio and video products and mobile phones in China, Greater Asia, Europe, and North America. The NIVS brand has received “Most Popular Brand” distinction in China’s acoustic industry for three years in a row, among numerous other awards.

The company has a 2.7 million square foot factory, which includes a large-scale, 1.1 million square-foot production area, and more than 1,400 full-time employees. Its modernized production lines include automated processing equipment and procedures that can be easily modified to accommodate new customer requests, designs and specifications.

To enhance product quality, reduce cost, and keep pace with technological advances and evolving market trends, NIVS has established an advanced research and development center to conduct substantially all of its research and development with an in-house staff. The company has approximately six senior technology researchers, with many holding doctorate degrees, and 15 core researchers.

In recent news, NIVS announced that it has been awarded its first purchase order from China Mobile Limited, the largest mobile phone carrier in China. According to Morningstar, China Mobile controls the vast majority of China’s domestic mobile services market, with 70% market share. With a subscriber base of over 500 million customers, China Mobile is believed to represent sizable potential business opportunities for NIVS.

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