Archive for August, 2012

Rangeford Resources, Inc. (RGFR) Appoints CFO, VP of M&A, and New Member of the Board

Friday, August 31st, 2012

Oil and gas exploration and production company Rangeford Resources today announced two changes to its executive management team, as well as the appointment of a new member to its board of directors, as it moves forward with acquisition and growth strategies.

Rangeford’s board earlier this week appointed John Miller as the company’s new CFO. Miller’s background includes experience in senior management in different industries. Miller previously served as senior vice president of Federal Express, joining the company in its start-up phase and contributing more than 14 years to the company. During his tenure with Federal Express, Miller also served as CFO and was instrumental in funding initiatives for the company’s process of becoming a publicly traded company.

Rangeford also appointed E. Robert Gates as its vice president of mergers and acquisitions. Dr. Gates has more than 45 years of experience as a business executive and consultant, including his current role as president and CEO of ISRG Inc. and MBC Services Inc.

Kevin Carreno was appointed to Rangeford’s board of directors on August 9, 2012. Carreno founded Experts Counsel Inc. in 2005 and has more than 25 years of experience as a lawyer in private practice, in-house counsel with a major brokerage firm, and in a variety of senior management positions including chief compliance officer, chief operating officer, and CEO with various financial services companies both in the United States and in the United Kingdom. Carreno has served as an independent consultant in settled regulatory proceedings with the SEC, Financial Industry Regulatory Authority (FINRA), the State of Pennsylvania, and Connecticut; is a part owner of International Assets Advisory, LLC; and part owner of Fuel Trader Holdings, Inc. Carreno was also elected as a governor to the board of the FINRA.

The company’s management shake-up is expected to assist the company in its pursuits to identify opportunities and to support resultant projects.

“Rangeford has begun to assemble a corporate management team that will enable the company to begin not only identify oil and gas projects, but also provide the company with the management skills it needs to successfully manage such projects,” Fred Ziegler, president of Rangeford stated in the press release. “We believe that with the experience of Mr. Gates and Mr. Miller, combined with the knowledge and experience Mr. Carreno brings to the board of directors, the company is well situated to pursue its efforts in the oil and gas industry.”

For more information visit www.rangeford-resources.com

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Perceptron, Inc. (PRCP) Sells Secondary Commercial Segment, Plans to Focus on Highly Successful Core Industrial Business Unit

Friday, August 31st, 2012

Perceptron, the developers of a wide variety of non-contact laser and other specialized inspection and measurement solutions for both commercial and industrial applications, today announced that, as of August 30, the company had sold certain assets and liabilities from their secondary business segment, the Commercial Products Business Unit (CBU) to Inspectron, Inc.

In a move considered as being the best of all possible choices for maximizing shareholder value by management regarding the CBU, which only accounted for 9% of the company’s total sales in fiscal 2012, the sale to Inspectron will allow PRCP to focus squarely on the core Industrial Business Unit (IBU) segment. The CBU was responsible for handling the design and marketing on measurement/detection devices geared towards professional tradespeople in the relevant construction, electrical, mechanic, and plumbing markets.

President of Inspectron, Richard Price, just so happens to be the CBU’s former Senior VP and the deal represents a very smooth transition, with Inspectron being tasked under the terms of the agreement to handle extant business requirements like service parts, warranty obligations, and vendor commitments. Inspectron has thus acquired essentially all pertinent business operations, from inventory and the customer contracts on down the line to patents, tooling, and trademarks for a reported $838k in cash, with PRCP retaining the some $608k in CBU’s accounts receivable balance.

CFO of PRCP, Jack Lowry, pointed to the upcoming scheduled release of fiscal year 2012 financial results (Sept 4) and subsequent earnings call (Sept 5) as an opportunity for investors to get a closer look at the CBU deal, since more information would be offered at that time. The company will be reporting CBU’s financial results as discontinued operations, with the prior year’s data handled on a consistent basis.

Solid move for PRCP that will allow a better treatment of the core business, already known the world over, especially in automotive and manufacturing, where Perceptron’s advanced metrology solutions help speed and stabilize extremely complicated manufacturing processes.

President and CEO of PRCP, Harry Rittenour, explained that a wide range of decisions had come up regarding the secondary segment and been parsed, resulting in this deal. Rittenour further explained that as the IBU accounted for essentially all growth, profitability, and over 90% of total sales from fiscal 2012, the decision to sell off the CBU was really the pick of the litter among other options and offered the best overall valuation for not only shareholders, but PRCP as a whole, including the customer base.

Rittenour expressed a sense of satisfaction over completing the deal and asserted that the strength of the core business over the last year offered profound potential for 2013 and beyond, as the IBU now becomes the sole focus of efforts. This should result in even greater penetration in key global markets where the company has already established itself as an indispensible part of many industrial manufacturing process control workflows. More attention can now be paid to the Value-Added Services aspect of the IBU as well, which provides training and customer support services to help cement client bonds.

For more information on Perceptron, Inc. you can visit the company’s website located at: www.Perceptron.com

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Worthington Energy, Inc. (WGAS) Brings I-1 Well Online in the Gulf of Mexico

Friday, August 31st, 2012

Worthington Energy engages in the acquisition, exploration, development, and drilling of oil and natural gas properties in the United States. The company’s strategy is to acquire cash flow producing properties with both proved and probable reserves.

The company reported yesterday that it has completed the sub-sea tie in connecting the I-1 well pipeline, located in the shallow waters of Kleberg County in the Gulf of Mexico, into the Six Pigs Processing facility’s main offshore pipeline. Worthington has been charging the pipeline, and the I-1 well has been brought online and into production mode. The company has 10.35% interest in the well and a 2% override interest in the entire 1,400 acres of the Mustang Island 818 Lease position in south Texas which was acquired on March 9, 2012.

It will take about one week for the pipeline to fully charge, resulting in gas and condensate flow reaching the onshore processing facility. Initial flow rates from the well are expected to be low while the well cleans up from the various materials that were used in the drilling process. The well clean-up process should take between 45 and 60 days.

One firm recommending Worthington Energy stock is Ludlow Capital which believes that with under 70 million shares outstanding and the progress made on the I-1 well, it may be poised for an upward movement. Certainly significant production from the I-1 well, expected to begin in late October or early November, should be positive for the company’s future outlook.

For additional information about Worthington Energy and its projects, please visit the company’s website at www.wenergyinc.com

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USA Recycling Industries, Inc. (USRI) Suggests Ideal Recycling Business Model

Friday, August 31st, 2012

Arguably the biggest challenge with recycling is getting people to do it. With the world’s population now exceeding 7 billion, the amount of material goods produced each day (and associated waste) is at an all-time high. Recycling, even at its best, is not the full answer. Ultimately there will have to be modifications in how things are produced and consumed. Indeed the risk is that people will assume basic recycling efforts are all that is necessary, avoiding more comprehensive solutions. Nevertheless, there are few who doubt a valuable role for recycling in the efficient use of world resources. But even the most basic recycling efforts are wasted if the population doesn’t participate.

Think of how many residential recycling containers are underutilized, or not used at all, simply because it’s left up to the individual consumer to go through the process of separation and disposal. If the person is in a hurry, or uncertain about what goes where, or just lazy, the job doesn’t get done. Comprehensive implementation has always been the gravel in the gears of most well-intended recycling initiatives.

The beauty of the USA Recycling Industries business model is that it makes citizen participation in recycling completely painless and virtually invisible. That’s because the company works primarily with the huge automotive aftermarket service industry, collecting the mountain of used tires, batteries, oil filters, lubricants, metals, and other scrap materials, and seeing that they are all recycled and not dumped in the nation’s landfills. And yet it’s essentially imperceptible to the service center’s customers. To the average car owner, it’s simply a matter of taking their car in for normal servicing, something they’ve always done and will continue to do. They have no idea that they are an integral part of an impressive recycling program.

USA Recycling operates through carefully designed partnerships to provide nationwide service, making recycling easy and efficient for auto service centers, but even easier for the countless consumers that help clean up America without even knowing it.

For additional information, visit the company’s website at www.USARecyclingIndustriesInc.com

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On Track Innovations Ltd. (OTIV) Chosen by the City of Dover, NH

Friday, August 31st, 2012

Yesterday, On Track Innovations announced that its subsidy, OTI America, has been selected by the city of Dover, New Hampshire, to utilize OTI’s EasyPark system of electronic parking and payment. Dover joins other cities and institutions in using EasyPark, such as UC Davis and Austin, Texas, as well as other municipalities worldwide, including Tel Aviv and Jerusalem in Israel, Lille and Lyon in France, Turin in Italy, and Bermuda.

OTI is focused on developing and marketing ID-credentialing, payment, and loyalty applications. OTI systems have been used worldwide in such situations and applications as homeland security, national ID, medical ID, contactless payment and NFC solutions, loyalty applications, petroleum payment, parking, and mass transit ticketing. These systems utilize contactless microprocessor-based technologies in conjunction with proprietary hardware and software.

The user experience of the EasyPark system is centered around an EasyPark in-vehicle device, which communicates with information systems around the city that provide real-time data for the driver and authorities. This means that drivers no longer have to look for meters or pay on-site; metering is handled by the in-car device. The system requires no maintenance or overhead costs to the municipality, and requires no infrastructure spending or construction.

Bill Simons, Parking Manager for the City of Dover, said, “We are excited to add the availability of the EasyPark in-vehicle parking meter system as an enhancement to our paid parking program. Not only are there numerous benefits for visitors and employees who use EasyPark, but the city will experience extended life on the moving parts of our meters, lower supply costs; as well as reduced labor needs to retrieve, sort and deposit coins. The addition of other municipalities in the New England region will further enhance the benefits of the EasyPark system.”

Oded Bashan, OTI’s chairman and CEO, said, “The unanimous decision by Dover’sParking Commission to implement EasyPark highlights the mounting recognition by municipalities across the U.S. of EasyPark’s effectiveness in managing parking payment collection. With the implementation of EasyPark in Austin underway, the adoption of EasyPark by Dover is another important milestone in the expansion of EasyPark within the U.S., as Dover will be the first city to utilize EasyPark in the Northeast. With many cities and towns looking for a simpler, more cost effective solution to manage their parking payment requirements, we anticipate that Dover will be a leader for the Northeast region and we look forward to working with other municipalities in the area that follow.”

To learn more about the company, visit www.otiglobal.com

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Extreme Networks, Inc. (EXTR) Chosen to Supply High Density Switches to Taiwan’s Largest Grid Researcher

Friday, August 31st, 2012

The largest and most prestigious research university in Taiwan, Academia Sinica, has chosen Extreme Networks to supply high density, scalable data switches for the university’s network upgrade. A team of physicists within the Academia Sinica Grids (ASG) research area at the university are analyzing the particles created in collisions within the Large Hadron Collider (LHC), the world’s largest and most powerful particle accelerator.

In order to conduct its particle research, ASG needed a 10 Gigabit network that could be increased in size to a 100 Gigabit Ethernet. Extreme Networks’ blade servers met ASG’s needs.

According to Wen-Shui Chen, network manager for ASG, “We were already using Extreme Networks technology, but when we evaluated vendors’ switching gear capable of expanding the network to accommodate HPC architecture, we sought great price-performance backed by fast delivery. Extreme Networks offering ticked all the boxes, and we had experienced excellent service from them in the past. The BlackDiamond® is a great fit for large and dense networks.”

ASG is using Extreme Networks’ BlackDiamond 8900 series fabric switches. These consist of a BlackDiamond 8810 chassis fully loaded with BlackDiamond 8900 module cards. In all, ASG is using more than 2,500 Extreme Networks’ blade servers.

ASG is Extreme Networks’ largest blade server customer in Taiwan, with 52 racks. Boasting more than 5.4 petabytes (5.4 quadrillion bytes) of storage capacity including disk and tape, ASG also represents one of Taiwan’s largest data centers.

“Scientific and research facilities such as Academia Sinica need to be able to analyze immense amounts of real-time data from myriad sources in order to make real-time decisions. Having a flexible, high-performance core network and data center is critical to HPC applications,” said Huy Nguyen, director of product management for Extreme Networks. “An Ethernet-based HPC interconnect like Extreme Networks offers data-intensive organizations a significant advantage due to its cost-effectiveness, ubiquity and open standards.”

In addition to top institutions such as Academia Sinica, Extreme Networks also supports other leading universities and research groups such as the Wellcome Sanger Trust Institute, Johns Hopkins University, and CEA Saclay. Extreme Networks is known as a leader in the high performance Ethernet switching industry. Based in Santa Clara, CA, Extreme Networks has more than 6,000 customers in more than 50 countries.

For more information, visit the company’s website at www.extremenetworks.com

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Avatar Ventures Corp. (AVVC) Launches Convenient MobileCall Advertising Product

Thursday, August 30th, 2012

Avatar Ventures, an emerging provider of mobile services and marketing solutions for small-sized and medium-sized businesses, today announced it has launched a new business-to-consumer advertising solution targeting smartphone users that are looking for products and services on the go.

The company’s MobileCall solution is a customized mobile marketing campaign based on the Google AdWords™ advertising service that encourages potential customers to call, click, and/or visit the business of the services they’re searching for on their smartphone.

MobileCall can be customized to focus on a particular industry or location, and utilizes Google mobile search ads and Google’s ‘click to call’ features, which enable the user to instantly access and locate their desired products and services.

Avatar Ventures’ MobileCall product also provides campaign feedback such as lead alerts and 24/7 call tracking and call recording. The company believes the convenience and tailored service benefits both the business and consumer.

“With growing momentum in mobile, we are focused on helping small businesses connect with customers on their smartphones, where a Google search is often the gateway to profitable interaction,” Voltair Gomez, president of Avatar Ventures stated in the press release. “A MobileCall campaign can help drive qualified leads by instantly introducing a potential customer to products and services in a mobile-enhanced environment, giving customers the option to click to call or link to a business’s mobile Web site that has been specifically designed by Avatar to make the process simple and seamless.”

For more information visit www.avatarventurescorp.com/mobilecall

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A New Audio Interview With Jon S. Cummings IV, Chairman and Founder of Omega Commercial Finance Corporation, is Now at SmallCapVoice.com

Thursday, August 30th, 2012

SmallCapVoice.com announced today that a new audio interview with Omega Commercial Finance Corp. is now available. The interview can be heard at http://smallcapvoice.com/blog/8-21-12-smallcapvoice-interview-with-omega-commercial-finance-corp-otcqb-ocfn.

Jon S. Cummings IV, founder and president of Omega Commercial Finance Corp., called into SmallCapVoice.com to go over the business model and market for the company. The interview includes an overview of the business strategies for OCFN, the goals for the company in 2012 and the major achievements of the company to date.

SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in.

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SmallCapVoice: Pazoo, Inc. (PZOO) Begins Expansion into Germany with Further International Expansion Planned for Next Year

Thursday, August 30th, 2012

Pazoo, Inc. announced plans for expanding the Health & Wellness Expert Section and the Health & Wellness Social Community on its website, www.pazoo.com, into Germany with a German language version in the fourth quarter of 2012. Several international URLs linked to www.pazoo.com have been reserved for use. Representatives of Pazoo, Inc. traveled to Germany in mid-August and met with individuals who have begun planning and implementing this expansion.

Several potential German Health & Wellness Experts have already been identified, and meetings are planned for the latter part of October to interview and select the first all-German populated Expert Board. There are many features to the expert section that, in addition to the U.S. version, will be implemented into the German www.pazoo.de portal. Once the Health & Wellness Expert Section and Social Community are developed, plans include the introduction of the website’s E-Commerce function.

David M. Cunic, CEO of Pazoo, Inc., stated, “As a management team, we are very aware of the need to build out all of the features that make www.pazoo.com the number one health and wellness website for people and their pets. This plan is well underway with features being added on a daily basis and we will continue to maintain a forward-thinking approach to make sure that Pazoo, Inc. remains a dynamic company. We feel expansion into foreign markets is one way to remain on the cutting edge of our industry.”

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Construction Begins on Entertainment Gaming Asia, Inc. (EGT) Slot Hall Project

Thursday, August 30th, 2012

Today, Entertainment Gaming Asia announced that it has commenced construction of Dreamworld Poipet, its slot hall development project in Poipet, Cambodia. The leading gaming company is focused on emerging gaming markets in Pan-Asia, and this project is strategically located at one of Cambodia’s most significant border crossings with Thailand. It will be a standalone slot hall constructed as an extension of an existing popular casino.

The Dreamworld Poipet slot hall will measure approximately 16,000 square feet and feature a comprehensive suite of 300 high-quality gaming machine seats. The machines include multi-player electronic tables and other top-of-the-line features to provide players a first class casino experience. At $7.5 million, the project is internally funded and is expected to open in early 2013.

Clarence Chung, Chairman and CEO of Entertainment Gaming Asia, remarked, “We are pleased to begin construction of our Dreamworld Poipet project. With a focus on providing quality gaming products, superior customer service and inviting atmosphere, we are dedicated to making Dreamworld Poipet a quality leader in this market. Our entrance into the established and growing gaming market of Poipet is a positive step in our strategy to become a leading developer and operator of regional casinos and gaming venues in Indo-China.”

The company also announced that it has launched a “Dreamworld Poipet Updates” section on its website that will allow interested parties to keep track of the project’s development. Entertainment Gaming Asia will provide periodic updates and photos at www.EGT-Group.com under the section entitled “Dreamworld Projects.”

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Selectica, Inc. (SLTC) Guided Selling Recognized as a Finalist in the Best New SaaS or Cloud Computing Product Category

Thursday, August 30th, 2012

Selectica, a provider of software that improves sales cycles and streamlines contract processes, has been acknowledged as a finalist in the 4th Annual 2012 Golden Bridge Awards for the Best New SaaS or Cloud Computing category for its Selectica Guided Selling cloud-based offering.

“Selectica Guided Selling empowers growing companies and their sales channels to accurately map customer needs to their solutions, and protect margins by enforcing pricing and approval policies,” said Kamal Ahluwalia, Chief Strategy Officer at Selectica. “We’re honored to have the Golden Bridge Awards acknowledge our mission to deliver this patented, cloud-based sales technology to a broader market.”

When Selectica Guided Selling was released in February 2012, customers had the opportunity to apply the patented configure-price-quote software integrated with Selectica Contract Lifecycle Management to guide them from configuration to quote to contract. Selectica Guided Selling allows companies to easily define and maintain rules to guide the sales process. After rules are established, sales teams are able to configure deals within a step-by-step selection environment, driven by a declarative constraint engine that dynamically includes or eliminates choices based on user input.

The Golden Bridge Awards serve to recognize the finest companies of all types and sizes across the globe in categories such as Best Products, Innovations, Management and Teams, Women in Business and the Professions, and PR and Marketing Campaigns. Companies will be formally honored in San Francisco, California, on Tuesday, October 2, 2012, during the fourth annual awards dinner and presentation.

For further information, please visit www.selectica.com

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International Stem Cell Corp. (ISCO) Reports Investor Conference Schedule for September

Thursday, August 30th, 2012

International Stem Cell Corp., a California-based biotechnology company focused on the therapeutic applications of human parthenogenetic stem cells (hpSCs) and the development and commercialization of cell-based research and cosmetic products, today told investors of the conferences it will be presenting at next month.

Wall Street Analyst Forum Investor Conference
Date: Friday, September 7, 2012
Time: 10:35 am ET
Location: Omni Parker House – Boston, MA

Rodman & Renshaw Annual Global Investment Conference
Date: Monday, September 10, 2012
Time: 11:40 am ET
Location: The Waldorf Astoria Hotel, New York, NY

Investors interested in attending these conferences should contact the event organizers. To arrange a meeting with International Stem Cell’s management team, contact Mark McPartland with MZ Group via email markmcp@mzgroup.us or phone 1-212-301-7130.

Additional information of the investor presentations will be available on the investor relations section of the company’s website at www.internationalstemcell.com

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AcelRx Pharmaceuticals, Inc. (ACRX) Receives U.S. Patents for Small-Volume Oral Transmucosal Dosage Forms

Thursday, August 30th, 2012

AcelRx Pharmaceuticals announced that patents have been approved for “Bioadhesive Drug Formulations for Oral Transmucosal Delivery,” and “Bioadhesive Drug Formulations for Oral Transmucosal Delivery.” The issued patents will provide intellectual property protection for a bioadhesive tablet for oral transmucosal administration of sufentanil through January 2027. AcelRx exclusively owns both patents.

“We have made significant progress this year in establishing our intellectual property portfolio, with five issued US patents now underpinning our novel NanoTab technology,” said Richard King, AcelRx’s President and CEO. “We look forward to building on this success through emphasis on the device aspects of our technology platforms as we seek multiple avenues of protection for our proprietary pipeline of product candidates.”

The first patent provides protection in the United States for each of AcelRx’s four development programs. It also covers AcelRx’s proprietary NanoTab technology for delivering sufentanil with claims to a substantially homogenous bioadhesive tablet which adheres throughout the period of drug delivery, generates a minimal saliva response, and delivers a majority of the drug through the oral mucosa.

The second patent also covers the composition of sufentanil NanoTabs with claims to a bioadhesive tablet for sublingual administration to a subject wherein the bioadhesive material is present at between 2% and 30% by weight, and the tablet generates a minimal saliva response and minimal swallowed drug and delivers at least 55% of the sufentanil through the oral transmucosal route.

Other means to protecting the intellectual property include U.S. patents which claim both methods and compositions directed to sufentanil containing NanoTabs. There is also European patent protection which covers small-volume NanoTab dosage forms for transmucosal administration containing the opioid sufentanil and elements of AcelRx’s dispensing technology and provides patent protection of specific pharmacokinetic parameters derived from sublingual administration using the NanoTab technology. Additionally, AcelRx currently has more than 70 pending patent applications worldwide and continues to file additional new patent applications to further strengthen its market exclusivity.

AcelRx Pharmaceuticals is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of acute and breakthrough pain. AcelRx’s lead product candidate, the ARX-01 Sufentanil NanoTab PCA System, is designed to solve the problems associated with post-operative intravenous patient-controlled analgesia, which has been shown to cause harm to patients following surgery because of the side effects of morphine, the invasive IV route of delivery, and the inherent potential for programming and delivery errors associated with the complexity of infusion pumps. This product is currently in Phase 3 clinical trials. AcelRx has two additional product candidates which have completed Phase 2 clinical development and plans to initiate a Phase 2 study, pending protocol approval, for a fourth product.

For additional information about AcelRx’s clinical programs please visit www.acelrx.com

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Stevia First Corp. (STVF) Licenses Fermentation-based Intellectual Property from Vineland Research and Innovation Centre

Thursday, August 30th, 2012

Stevia First is an early-stage agribusiness focused on the industrial scale production of the natural sweetener stevia, which is used as a zero-calorie alternative to sugar in foods and beverages. The California-based company today announced that it has entered into an exclusive and worldwide intellectual property license with the Vineland Research and Innovation Centre of Ontario, Canada, regarding compositions and methods for producing steviol and steviol glycosides through fermentation-based production methods.

Stevia First also said it has inked a separate consulting agreement with Vineland to assist with further development of the underlying intellectual property.

The production of stevia extract involves a complex extraction and purification process, which leads to higher production costs and hinders the sweetener from meeting taste and consistency standards. However, Stevia First reports that Canadian researchers at Agriculture and Agri-Food Canada (AAFC) have discovered the natural biochemical pathways involved in the production of the sweet components of the stevia leaf. Vineland currently controls intellectual property related to this technology; and leveraging this knowledge, Stevia First says it is possible to produce stevia extract through the low-cost fermentation-based technologies.

“In the stevia industry, which has grown tremendously over the past several years, there is still significant unmet demand from multinational companies for a supply chain that can consistently produce great-tasting stevia extract in large quantities,” Stevia First Corp. CEO Robert Brooke stated in the press release. “The technology we’ve licensed represents a potential solution for this need, and one that our scientific team is eager to commercialize.”

Per the licensing agreement, Stevia First obtains exclusive rights to an intellectual property portfolio derived from a patent titled, “Compositions and methods for producing steviol and steviol glycosides.”

For more information visit: www.steviafirst.com

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Teletouch Communications, Inc. (TLLE) Reports Financial Results and Operational Highlights for Fiscal Year 2012

Wednesday, August 29th, 2012

Teletouch Communications, a leading U.S. cellular services provider and consumer electronics distributor supporting over 60,000 wireless customers, earlier today reported its audited consolidated results on Form 10-K for the 2012 fiscal year ended May 31, 2012.

Financial highlights of the year include total operating revenues of $34.42 million; income from operations of $6.32 million; EBITDA of $7.48 million; net income of $4.17 million; basic earnings per share of $0.09; diluted earnings per share of $0.08; and reduction of total liabilities by $6.59 million. For the fourth quarter alone, the company reported total operating revenues of $8.30 million; income from operations of $0.65 million; EBITDA of $0.91 million; and net income of $0.16 million.

“As we look back and reflect on all of the events that transpired during fiscal 2012, what becomes readily apparent is the total mass of activity, both set-backs and accomplishments, that has set the stage for the Company’s future direction for the next several years,” stated T. A. “Kip” Hyde, Jr., President, Chief Operating Officer and Director of Teletouch. “From geometric growth in our two-way radio/PSE unit, to favorably settling the AT&T litigation, to a change of control in our stock holders, to our senior credit provider, Thermo Credit LLC, having its own difficulties and pulling our credit line, to a material sales tax assessment related to issues not identified in any State of Texas sales tax audits of the Company in any prior years, to satisfying the pent-up demand for the iPhone in our customer base, to completing our first direct handset manufacturer distribution agreement and a nearly a dozen other distribution agreements, we’ve been busy. To put it mildly, this past fiscal year has been a wild ride.”

Hyde continued, “Then add, since the end of the May 2012, the recent sale of that same two-way radio/PSE business, going through a road-show presentation process, with the subsequent term sheet negotiations and then signing, with due diligence now in process with a potential new lender, our high levels of activity continue, but are now all focused on furthering future growth for the Company. While we still have a few remaining challenges, returning Teletouch to operating profitability has been foremost among our goals, and we achieved that for the fourth quarter and year as a whole. All in all, it has been a great way to start fiscal 2013.”

On September 5, 2012, at 4:15 p.m. EDT (3:15 p.m. CDT), Teletouch will hold the company’s fiscal year 2012 earnings conference call. Investors interested in participating should call 866-901-2585 or 404-835-7099. Callers will be asked to provide their first and last names, with their company or financial institution name, as applicable. Participants are advised to dial in approximately 10-15 minutes before the conference is scheduled to begin. After their information is given to an operator, participants will be placed on music-hold prior to the start of the conference.

Other recent highlights noted by the company in today’s press release are presented below in their entirety.

1st Quarter

• Two-Way Radio/Public Safety Equipment business breakout quarter, with segment revenues increasing to just over $2.9 million in the first quarter, an approximately $1.8 million or 164% increase over the same quarter last year;
• Fundamental change of Company ownership and long-term stock voting control as result of former parent company, TLL Partners, LLC debt restructuring (see related detail in 8-K, filed August 18, 2011);

2nd Quarter

• Settled the AT&T litigation, resulting in the realization of material initial, as well as additional ongoing cash compensation, new iPhone and iPad sales agreements, with 3-Yr distribution contract extensions, and new 6-yr Dealer agreements (see related detail in 8-K, filed November 28, 2011);
• Settlement included AT&T non-interference clause, paving way for renewed Company-direct manufacturer distribution relationships;

3rd Quarter

• Fulfilled hundreds of iPhone deliveries to customers waiting for AT&T litigation end;
• Received the State of Texas’ computations from its ongoing sales and use tax audit of Company’s wholly owned subsidiary, Progressive Concepts, Inc. (“PCI”) through October 2009, resulting in an accrual of a $1.88 million estimated sales tax liability. In addition, the Company recorded a sales tax liability of approximately $0.3 million related to similar tax issues that are believed to have continued beyond the current tax audit period, for a total accrual in the period of $2.18 million;
• Teletouch’s senior lender, Thermo Credit LLC (“Thermo”) advised Company that it had to exit the Company’s $12 million revolving credit facility prior to the original term because of certain issues it had with its own lender;
• Amended Thermo senior debt agreement, deferring repayment of remaining note balance until May 2012, or August 2012, assuming certain criteria were met by Company, in exchange for a $2 million payment in March 2012 towards the outstanding loan balance;

4th Quarter

• Received extensions from both of the Company’s current real estate lenders which extended the maturity dates from May 2012 to August 2012;
• Entered into distribution agreements with a variety of cellular accessory manufacturers, including, Monster Digital, Concept 101, Pure Gear®, Boston Amplifier, Cellphone-Mate, Skunk Juice®, Digital Innovations, Dicotta Cases, Wilson Electronics®, among others;
• Expanded consumer electronics/12-volt audio product lines by entering into direct distribution agreements with manufacturers including Cadence Acoustics, Cerwin Vega®, Diamond Audio and Lightning Audio®;
• Returned Company to profitability, having positive EBITDA and net income for the fourth quarter (EBITDA is a non-GAAP measure; see “Disclosure of Non-GAAP Financial Measures” below).

Events Subsequent to Year End

• In June 2012, signed National Distribution Agreement with TCT Mobile Multinational Ltd to sell Alcatel OneTouch® branded cellular handsets. Initial inventory expected to be available by mid-October 2012;
• Sold legacy two way radio and public safety equipment business to Irving, Texas-based DFW Communications, Inc. for approximately $1.5 million in August 2012;
• Completed negotiating and executed term sheet with prospective new lender for senior revolving and term credit facilities to replace current credit facility with Thermo Credit. Although the term sheet is non-binding, diligence process started in late August 2012, with closing targeted for mid- to late September 2012.

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Santa Fe Gold Corp. (SFEG) Raises $2.3M via S-3 Offerings with Strong Sales/Output, Ramps Up Flagship Gold and Silver Project

Wednesday, August 29th, 2012

Santa Fe Gold, the domestic precious metals-focused mineral developer with four advanced properties in mining-friendly districts, the flagship of which started running ore in April this year at a cost of only $364 per gold equivalent ounce, was pleased to announce today that the company pulled in some $2.3M from S-3 shelf registration statement-related offerings, largely from existing stockholders.

Combined with the money coming in from the sale of gold and silver, this great news about the success of the offerings puts SFEG in a prime position to capitalize on the expansion potential at their flagship Summit silver-gold project. Recent reports out of the mine indicate that operating efficiencies continue to be improved, even as the logistical development push is being made, making the current output rate of 10k tons of ore per month just a data point on a steadily rising curve.

CEO of SFEG, Pierce Carson, spoke warmly of progress made at the Grant County, NM-located project (Steeple Rock Mining District near the AZ line). Carson noted throughput improvements made at the mill to the south (via US Highway 70) in Lordsburg, NM, as well, commenting on the exceptional rail service and localized fabrication, construction, and other support services available which have helped to speed up overall processing improvements. Similar operational headway at the Summit mine, including a spate of cost reduction measures, were detailed by Carson as contributing to anticipated extension of record-setting data sets across the board.

Across the workflow from ore and processing, to shipments of high value concentrates and silica flux products, SFEG has been pulling down record numbers. The company is looking to farm out this obvious prowess in addition to proceeding with development at the Summit site, imbuing the other three current projects with the same powerful managerial muscle, now backed by an even stronger working capital position. Looking at the company’s 57,267-acre Ortiz gold project over in Santa Fe, we see SFEG prepping for the Canadian-standard NI 43-101 report (in addition to ongoing environmental and other work) that will bring the current historical resource estimate to some 2M ounces of Au.

SFEG sales data from July/August alone shows roughly $3M taken in and the company anticipates this figure will rise steadily over coming quarters due to both throughput improvements and being on the cusp of encountering the higher grade ores in the Summit mine. The company’s immediate development goal will be to ramp up production output capacity by some 20% at Summit while heading into the higher grade ore.

The company has a sizeable land position at the Lordsburg mill site and SFEG is really well situated moving forward to exploit their regional strategy, which seeks to add to the already strong footprint that includes the micaceous iron oxide-containing Planet property in La Paz County, AZ, as well as the Black Canyon mica project near Phoenix.

More information on Santa Fe Gold Corp. can be found at the company’s website: www.SantaFeGoldCorp.com

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Trovagene, Inc. (TROV) Receives Milestone Payment from Ipsogen S.A.

Wednesday, August 29th, 2012

Trovagene is developing its patented technology for the detection of transrenal DNA and RNA, short nucleic acid fragments, originating from normal and diseased cell deaths that cross the kidney barrier and can be detected in urine. The company is leveraging its intellectual property through out-licensing agreements.

The company today announced that it has received a milestone payment from Ipsogen S.A., a subsidiary of Qiagen N.V. (Nasdaq: QGEN). This payment comes from a co-exclusive license agreement to manufacture and sell diagnostic kits for the detection of nucleophosmin protein (NPM1) mutations in patients with acute myeloid leukemia (AML). The payment was triggered by issuance of U.S. Patent 8,222,370 that is part of a family of patents filed by Trovagene around nucleophosmin protein that cover NPM1 mutations in AML.

AML is a clinically heterogeneous disease with about 200,000 new cases per year worldwide. Subgrouping of AML patients using chromosomal abnormalities provides for more individualized patient prognosis. But in nearly half the cases, the chromosomes appear normal and provide no guidance to doctors. However, a discovery by Drs. Brunangelo Falini and Cristina Mecucci at the Institute of Hematology at the University of Perugia in Italy showed that many AML patients have mutations in the NPM1 gene and that these mutations are a marker for more favorable clinical outcomes.

The National Comprehensive Cancer Network, which sets clinical standards for cancer treatment, has now included testing for NPM mutations in their clinical practice guidelines. To date, it has granted nonexclusive sublicenses to offer mutation analysis of NPM1 as a laboratory service to Laboratory Corporation of America Holdings, InVivoScribe Technologies, Warnex Medical Laboratories, Fairview Health Services of Minneapolis, Minnesota, and Munchner Leukamielabor GmbH in Munich, Germany. The company also has granted co-exclusive licenses to manufacture and sell NPM1 mutation assays to Ipsogen and Asuragen, Inc.

For additional information about Trovagene and its intellectual property, please visit the company’s website at www.trovagene.com

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Liberty Silver Corp. (LBSV) Video Chart for Wednesday, August 29, 2012

Wednesday, August 29th, 2012

LBSV closed ahead yesterday on a substantial increase in volume. The chart has been building higher lows since apparently finding a bottom in May around 50 cents. As the indicators are turning bullish, the chart is worthy of a technical read for signs of potentially more upward pressure.

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

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Axcelis Technologies, Inc. (ACLS) Announces High Volume Follow-On Order from Major Chipmaker

Wednesday, August 29th, 2012

Axcelis Technologies, a leader in supplying innovative, high-productivity solutions for the semiconductor industry, has announced its receipt of a multiple system follow-on order for its Integra RS plasma dry strip system from one of the leading semiconductor manufacturers in the world. The systems, which began shipping this month, will be utilized in the production of 3x nm and below NAND Flash devices at leading-edge fabs in Asia and the United States.

Axcelis is pleased to expand its installed base in working with this industry leader and supporting its evolving manufacturing needs. The Integra dry strip system has shown superior manufacturing productivity for Axcelis’ memory customers, combined with process technologies that are extendable to the most advanced device nodes. Customers value the system’s ability to efficiently handle standard dry strip processes, together with critical cleaning steps over sensitive exposed metals on a single modular wafer handling platform. This distinctive combination of productivity and process performance makes the Integra an ideal choice for the high volume manufacturing of leading-edge memory.

A recognized leader in plasma cleaning and dry strip technology, Axcelis supplies systems that are known around the world for their innovative process solutions, leading reliability and low cost of ownership. The company’s portfolio of dry strip cleaning products includes the Integra RS and ES systems, as well as the Rapidstrip 320 and 210 systems. Together, these products deliver plasma cleaning technology that is highly differentiated and meets the full range of customer needs – from the highest productivity, non-oxidizing solutions for 28nm and below to single chamber, small substrate size applications in the MEMS, LED and packaging markets.

Axcelis Technologies is headquartered in Beverly, Mass. The company provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is focused on developing enabling process applications through designing, manufacturing, and completing life cycle support of ion implantation and cleaning systems.

For more information, visit the company’s Web site at www.axcelis.com

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China Botanic Pharmaceutical, Inc. (CBP) to be Granted New Invention Patent in China

Wednesday, August 29th, 2012

China Botanic Pharmaceutical recently announced that the State Intellectual Property Office of the People’s Republic of China (SIPO) will be granting the company a new invention patent on its comprehensive method to enhance the medicinal value of Schisandra, a key component in its pharmaceutical products. The company expects to receive the patent certificate by October 2012.

China Botanic filed Patent Application No: 201010119861.3 in February 2010, which was followed by a two-year comprehensive review conducted by the SIPO. Upon grant of the new patent, the company anticipates securing market exclusivity for a period of 20 years.

Research in China suggests that Schisandra is a wild plant with significant medical and health benefits. Schisandra has been found to prevent liver damage and is an effective sedative for treating insomnia and central nervous system depression. China Botanic’s comprehensive method enables it to obtain a number of compounds out of Schisandra, including lignin, polysaccharides, vitamins, and organic acids.

China Botanic’s Chairman and CEO, Mr. Shaoming Li, remarked, “Schisandra is one of the important components for our anti-depression and nervous system regulating products. We look forward to receiving the new patent in October, which will further support our research and development of Schisandra, development of Schisandra-based new medicines and strengthen our ability to leverage the potential of Schisandra. In addition, our continued success in obtaining new patents and our commitment to invest into research, development and talent defines our long-term growth strategy. We believe that in the foreseeable future, our new patent will favorably contribute to our business performance.”

For more information on the company, visit www.renhuang.com

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Novelos Therapeutics, Inc. (NVLT) Develops CLR1502 (GLOW2) for Tumor Marking and Imaging

Wednesday, August 29th, 2012

Most cancer patients will have some type of surgery. In fact, in 2011, approximately 1.3 million cancer patients were diagnosed with solid tumors in the U.S. alone. The need for surgery makes it imperative that doctors have an effective way to mark the outline of tumors. However, the present state of medical technology is unable to do so.

According to Dr. Sharon Weber, Professor and Chief of Surgical Oncology, Vice Chair of Academic Affairs for General Surgery, University of Wisconsin Department of Surgery, and Director of Surgical Oncology, Carbone Cancer Center, “Current imaging modalities are extremely limited in their ability to define tumor margins, thus contributing to the unacceptably high rate of incomplete surgical removal of malignant tissue, which is associated with an increased risk of cancer recurrence.”

Novelos is a pharmaceutical company working to develop unique drugs for the treatment and diagnosis of cancer.

GLOW2 is expected to assist surgeons in removing tumors and cancerous tissue by marking them during surgery in real time. Novelos plans to submit an Investigational New Drug Application (IND) to the U.S. Food and Drug Administration (FDA) for GLOW2 in the second half of 2013. Novelos intends to begin clinical trials shortly thereafter, subject to its ability to obtain funding.

Dr. Weber stated, “The potential for GLOW2 to provide surgeons with more accurate visualization of tumor margins during surgery could result in more complete and selective removal of tumors and significantly improve patient outcomes. I am excited to hear that Novelos is advancing the development of this product and look forward to the initiation of clinical trials, since the use of this technology could result in a profound positive impact on patient care.”

“GLOW2 illustrates the broad spectrum cancer therapy and imaging potential of our proprietary phospholipid ether analog (PLE)-based delivery and retention vehicle which is also being used to selectively target cancer cells with a PET imaging agent (I-124-CLR1404, or LIGHT) and a molecular radiotherapeutic agent (I-131-CLR1404, or HOT) in ongoing clinical trials,” added Jamey Weichert, Ph.D., Chief Scientific Officer and Technology Founder of Novelos. “We plan to continue to explore coupling other therapeutic and diagnostic moieties to our tumor-targeted PLE carriers.”

In preclinical models, mice without intact immune systems and inoculated with human HCT-116 (colorectal carcinoma) and U87 (glioma) were injected with GLOW2 24 and 96 hours prior to imaging. In vivo optical imaging showed pronounced accumulation of GLOW2 in tumors versus non-target organs and tissues. In addition, non-invasive imaging with GLOW2 has been demonstrated in a variety of animal solid tumor models. Thus, GLOW2 may also have utility for non-invasive imaging of relatively superficial tumor types in humans such as melanoma, head and neck, colon, and esophageal tumors.

Novelos’ cancer-targeted compounds are selectively taken up and retained in cancer cells, including cancer stem cells, versus normal cells. Novelos’ therapeutic compounds appear to directly kill cancer cells while minimizing harm to normal cells. Novelos’ compounds, LIGHT, HOT, and GLOW2, offer the potential for a radical change in cancer therapy by working with all three major drivers of mortality in cancer: primary tumors, metastases, and stem cell-based relapse.

I-124-CLR1404 (LIGHT) is a small-molecule cancer-targeted PET imaging agent. Novelos believes that LIGHT has first-in-class potential. Phase 1-2 clinical trials are ongoing in 11 solid tumor indications.

I-131-CLR1404 (HOT) is a small-molecule, broad-spectrum, cancer-targeted molecular radiotherapeutic that delivers cytotoxic radiation directly and selectively to cancer cells and cancer stem cells. The company believes HOT also has first-in-class potential. HOT’s Phase 1b dose-escalation trial is ongoing. HOT is expected to enter Phase 2 trials in the third quarter of 2013 as a monotherapy for solid tumors with significant unmet medical need, subject to additional funding.

Taken together, the company believes all 3 of its cancer targeting compounds will give doctors the ability to “find, treat, and follow” cancer anywhere in the body in a novel, effective and highly selective way.

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Longhai Steel, Inc. (LGHS) to Reach Full Capacity at New Steel Wire Facility by Yearend

Wednesday, August 29th, 2012

Longhai Steel, a producer of high-quality steel wire products in the People’s Republic of China, announced this morning that the company has completed testing of its initial production of high quality steel wire. Management anticipates ramping up production to full capacity by the end of 2012.

“We are pleased with the testing results from the initial production at our second facility,” stated Steven Ross, Executive Vice President of Longhai Steel. “We have met or exceeded all of our internal performance metrics and look forward to expanding our customer base and broadening our end market footprint.”

Longhai Steel’s growth strategy includes capitalizing on government actions aimed at encouraging industry consolidation via the acquisition of neighboring producers at attractive valuations. The company also plans to grow organically through capacity expansion, broadening its product portfolio, improving operating efficiencies, and continued expansion of technical expertise.

To learn more about the company, visit www.longhaisteelinc.com

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The Case for Duma Energy Corp. (DUMA)

Wednesday, August 29th, 2012

Unlike typical energy exploration and production companies, Houston’s Duma Energy Corp. is based on far more than hopes for a successful well. The company has a growing list of assets in both the U.S. and overseas, with expanding income and proven reserves necessary to sustain the company for the long haul.

• Duma’s key productive interests are located in the shallow waters in Galveston Bay and Trinity Bay comfortably near Houston. It also has interests in wells and sites in two other parts of Texas, as well as in Louisiana and Illinois.

• The company produced 38,000 barrels of oil equivalent (boe) in fiscal 2011, and has already produced over 45,000 boe in the first half of fiscal 2012, with recent year-over-year revenue growth exceeding 500%. Operating margins, now near 50%, are improving as new wells and production increase efficiencies.

• Duma has $77.7 million in proven reserves (discounted), with less than $12 million booked reserves.

• The company has a time-tested team leading it, with most of the invested capital coming directly from the CEO and insiders. As such, the company targets only industry standard and proven technologies, carefully avoiding risky plays that depend upon high commodity prices.

• In addition to productive and promising projects in the U.S., Duma now holds a working interest in a petroleum concession of approximately 5.3 million acres in the southwestern African nation of Namibia. The concession is located in the Owambo Basin, a huge area that extends across the northern border into Angola, one of Africa’s major oil producing countries. As part of the company’s strategy, overseas exploration efforts are well-funded through its ongoing and stable domestic production operations in the U.S.

In summary, Duma has growing revenue, cash flow, and a solid pipeline of prospects.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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Dick’s Sporting Goods to Sell MusclePharm Corp. (MSLP) Products Nationwide

Wednesday, August 29th, 2012

Yesterday after the closing bell, MusclePharm, a nutritional supplement company, announced the addition of Dick’s Sporting Goods, Inc. to its growing list of retail customers.

The company said its award winning products Assault™, Combat Powder, and Muscle-Gel will be sold in 483 Dick’s locations throughout the United States. According to the release, product shipments have already begun and are expected to be in all locations within just a few weeks.

“Adding Dick’s Sporting Goods, one of the nation’s pre-eminent retailers, provides us with a significant outlet that brings our products directly to our targeted consumers and further extends the MusclePharm brand name,” stated Brad Pyatt, chief executive officer of MusclePharm.

Sold in more than 120 countries and available in over 10,000 U.S. retail outlets, MusclePharm’s products address all categories of an active lifestyle, including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. To learn more about the company, visit www.musclepharm.com.

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SaveDaily, Inc. (SAVY) to Supply Alliant Credit Union of Chicago with Tax-favorable Investing Platform

Tuesday, August 28th, 2012

SaveDaily, provider of mutual fund investing platforms for financial institutions, today said that Alliant Credit Union of Chicago will use SaveDaily’s investing platform to offer its members additional Health Savings Account (HAS) choices, complementary to the union’s existing suite of member savings options.

The SaveDaily platform gives financial institutions the option to offer mutual fund investing to their members for one low flat monthly charge. Investors in mutual funds are also offered unlimited positions and unlimited transactions without transaction fees, generating continued cost savings.

“Our members are looking for more ways to save and grow their money,” Alliant Vice President Retirement & Investment Services Laura Wallace stated in the press release. “With the high cost of healthcare today, members who have Health Savings Accounts understand how important it is to make their money work for them, and this is a great way to do it.”

SaveDaily explained that HSAs, which were created by a federal law designed to help Medicare recipients pay for their prescription drug coverage, are available to any adult with a high-deductible health insurance plan. Eligible individuals can create an HSA and can make tax-deductible contributions to the savings plan throughout their plan year.

Greg Vacca, president of SaveDaily, said the HSAs are an ideal fit for the company’s mutual fund investing platform, comparable to some retirement plans, in certain aspects.

“Just like an IRA or 401k, which we also offer, the HSA provides another tax-favored vehicle that daily savers can use to earmark money for future needs,” Vacca stated in the press release. “Ideally, these funds offer an investing alternative to traditional checking, savings, and CDs which provide minimal returns. And that’s where SaveDaily comes in. With the ability to offer virtually any mutual fund available in the United States, the SaveDaily platform provides just about everyone with a low cost means to self-manage investing.”

For more information visit www.savedaily.com

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