Monthly Archives: January 2013

GNCC Capital, Inc. (GNCP) Provides Investors with Filings Update

January 31, 2013

GNCC Capital is soon expected to file its Annual Financial Statements for the year ended September 30, 2012, as per a press release issued earlier this week. This filing will remove the Stop annotation given by OTC Markets.

The company also told investors that the company will be immediately restored to “Current Information” status once the Attorney’s Letter has been filed with OTC Markets. GNCC anticipates doing so before the end of this week.

The Company will be filing its Q1 Financial Results for the quarter ended December 31, 2012, by no later than Monday February 4, 2013, in order to remain a current filer.

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Gryphon Gold Corp. (GYPH) JV with Waterton Improves Operational Dynamics, Borealis Site Expansion Slated

Gryphon Gold, who sold roughly 1.58k ounces of gold (32 tons of loaded carbon) during fiscal 2012 via their Borealis Oxide Heap Leach Operation in Nevada, reported entry today into an agreement package with Waterton Global Value L.P. and one of its subsidiaries to expand this extremely productive operation via a joint venture.

Waterton will obtain a 60% ownership interest in GYPH’s operating subsidiary, Borealis Mining Company, via the agreement, which will see Waterton converting the lion’s share currently outstanding under the Senior Credit Facility ($17M, or roughly two-thirds). This brings the amount in the Senior Credit Facility down to only $8M, shearing monthly debt payments (starting Jan 31) from $1.4M to an easily manageable $0.4M and creating a robust capital structure from which to engage production expansion efforts at Borealis.

This is great news for GYPH, which was lucky to find and quickly get a new boiler in at their ADR plant (adsoption, desorption, and recovery) after the old one failed recently (reported Jan 15). The ADR facility, able to strip four tons of carbon per day, was completed back in May of 2012, and thanks to a quick turnaround with the boiler, GYPH has managed to sell 3,280 gold equivalent ounces in Q1 of FY13. This JV will help up the output at Borealis a great deal, thanks not only to the capital support enabling additional crushing capacity expansion and hauling equipment purchases, but because Waterton brings a “wealth of technical expertise and successful gold mining experience” to the table, according to CEO and Interim CFO of GYPH, James T. O’Neil Jr.

O’Neil assured markets that this JV would strengthen the Borealis operation considerably and lead to an increased overall mining/production effort. In conjunction with this important move to shore up debt and form a new tactical front via the JV, Gryphon Gold and Waterton have entered into an operational and financial obligation arrangement with several key stipulations:

Gryphon shall pay $4M compensation to the JV to settle extant obligations incurred prior to the deal, as well as their share (40%) of the contemplated initial $4M capital contribution

» Waterton will advance $5.6M to Gryphon ($3M already in) to cover initial capital contributions to the JV (to be repaid with escalating interest by July 31)
» Borealis ownership percentage will determine each parties required obligation for ongoing capital contributions, with all determinations going through the Borealis board of managers
» Dilution of ownership will be the consequence of failure to meet financial obligations by either party, in addition to which Gryphon, if failing to meet monthly Senior Credit Facility obligations, shall incur the same dilution penalty as per terms of the associated Credit Agreement Portfolio Manager at Waterton, Cheryl Brandon, summed it all up nicely noting that a combination of near-term output upgrade initiatives being undertaken at Borealis and Waterton’s added financial/logistical muscle should jack up both recovery rate and mine life parameters. A solid, solid move for GYPH, who can now focus confidently on material aspects of the operation, impelled by these new dynamics and better able to wring out improved returns from the Borealis site for their shareholders.

For more information on Gryphon Gold, visit

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Rafarma Pharmaceuticals, Inc. (RAFA) Named 1 Of 4 National Strategic Pharmaceutical Suppliers To The Russian Federation

Rafarma Pharmaceuticals announced that it has been named one of the four national strategic Pharmaceutical Suppliers to the Russian Federation. This important step for the company means it will receive guaranteed government contracts helping load the manufacturing facility to 100% capacity.

The Russian pharmaceutical industry supplies both the national health care system and hospital sector with 70% of medicines in physical volume. The Russian pharmaceutical market is considered to be one of the most dynamic and growing in the world. It continues to grow an average 10-12% per year since 2003 (Source: The Strategy of Development of the Pharmaceutical Industry of the Russian Federation,

CEO David Anderson stated, “This is a very exciting time for the Company and we are extremely happy with the ability to be one of the four national strategic Pharmaceutical Suppliers to the Russian Federation.”

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JA Solar Holdings Co., Ltd. (JASO) Announces Largest Solar Installation in Tennessee

JA Solar Holdings recently announced the completion of the delivery of 9.5 MW of PV modules to the Volkswagen Solar Park. The installation contains 33,600 high-performance multi-crystalline silicon PV modules across 33 acres of land next to the Volkswagen manufacturing plant in Chattanooga, Tennessee. The modules have been supplied exclusively by JA Solar.

Based in Shanghai, China, JA Solar is focused on manufacturing solar power products intended for residential, commercial, and utility-scale power generation. JA Solar produces solar modules which it distributes under its own brand, and also manufactures products for other solar manufacturers. The company also has facilities in Shanghai, as well as Hebei, Jiangsu, and Anhui provinces.

The solar park, which is the largest such park in Tennessee, was constructed by Phoenix Solar for Silicon Ranch Corp. The park will sell the electricity to Volkswagen under a 20-year power purchase agreement, and is expected to produce 13,100,000 kWh of electricity annually. Volkswagen Group of America Chattanooga Operation LLC hosted a “power up” dedication ceremony on January 23.

Jonathan Pickering, president of JA Solar, said, “The United States is one of the fastest growing markets in the global solar industry and we are proud to have JA Solar modules powering this landmark Volkswagen solar installation. JA Solar is committed to providing high-quality, high-performance, and high-reliability solar modules to our customers and we are pleased to have been selected by Phoenix Solar for this project. Phoenix Solar has an outstanding reputation as a global leader in the design and construction of solar systems, and we’ve enjoyed a very close partnership as both companies grow in the United States.”

“We are delighted to have worked together with JA Solar on the Volkswagen Solar Park installation,” said Dr. Murray Cameron, CEO and president of U.S.-based Phoenix Solar Inc. “JA Solar’s high-quality products and professional technical and customer services were key to the success of the project and we look forward to collaborating again in the future.”

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John Atkinson Joins WidePoint Corp. (WYY) as Executive Vice President of Sales and Marketing

WidePoint announced that Mr. John Atkinson will be joining the company as its new Executive Vice President of Sales and Marketing. Atkinson will bring over 28 years of experience to WidePoint, a leading provider of cloud-based telecommunications services and cyber security solutions.

Of his new role, Atkinson remarked, “I look forward to being part of the executive team at WidePoint and bringing my expertise and relationships into a marketplace that is poised for wide adoption and growth. In particular, I’m excited about the strategic charge of implementing a suite of integrated secured mobility solutions offered at the Enterprise level.”

Having spent almost 30 years in the Information Technology sector, Atkinson possesses a strong background in developing, building, and deploying international sales and marketing strategies, teams, and channels. His resume includes time spent at companies such as Lenovo, WinMagic, IdentiPhi, Gieseche & Devrient, Gemplus, Samsung, and Hitachi. In his new role, Atkinson will oversee the sales and marketing management of WidePoint’s overall product and services offerings.

“John has an excellent record in developing and executing sales and marketing strategies and brings both broad-based experience and relevant expertise to WidePoint at this juncture, as we work to broaden our solutions and customer reach,” remarked Steve Komar, WidePoint’s CEO. “He will be an important, driving asset in further strengthening WidePoint’s leadership position in the Telecom Management and Identity Assurance and Management space as we continue to work at converging our solutions and delivering enterprise-wide integrated solutions to our customers and prospects, while expanding our market presence and position.”

WidePoint, with Atkinson’s presence, is now be in a position to continue the building and deploying of a robust sales and marketing infrastructure in 2013. The company plans to broaden its solutions and reach from the federal sector to state and local municipalities, in addition to finding commercial market opportunities (both in the U.S. and abroad) to meet the needs of its multi-national customer base.

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Verenium Corp. (VRNM) and Novus International Announce Progress in Development of Novel Enzymes for Animal Health Products

January 30, 2013

Verenium Corp. is an industrial biotechnology company and a global leader in developing and commercializing high-performance enzymes. The company’s tailored enzymes are environmentally friendly, making products and processes greener for industries such as the global food and fuel markets.

The company today announced that it and Novus International, a leading manufacturer of animal nutrition and health products, have taken significant steps forward in their collaboration toward commercializing a suite of next-generation animal nutrition enzymes. The two companies entered into a strategic partnership in 2011.

The two firms have selected lead enzyme candidates for the development of the joint venture’s suite of non-starch polysaccharide (NSP) products designed to enhance the digestibility of feedstuffs in monogastric diets. Additionally, the two companies announced that their next-generation phytase remains on track and the commercial launch of the product in select geographies will happen this year.

This is a very important development for Verenium as it further diversifies its product portfolio. It also gives the company access to the broader animal health and nutrition market. Global sales of animal feed enzymes reached nearly $600 million in 2012 and are forecast to grow 6-7% annually for the next several years.

For further information about Verenium and its enzyme product portfolio, visit

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ZBB Energy Corp. (ZBB) Secures Access to Massive Russian/CIS Distributed Energy Markets via Deal with Established Distributor

ZBB Energy, developer and manufacturer of extremely sophisticated energy storage and on/off-grid intelligent power control platform solutions which allow for easy integration of both conventional and renewable sources, announced entry into the Russian and Commonwealth of Independent States (CIS) markets in a big way today via inking of a strategic relationship with the firmly established, Moscow-based distributed generation supplier, BPC Engineering.

This play affords ZBB a huge in with relevant markets, spring boarding product penetration into these vast arenas thanks to BPC’s network of connections that circuit the entire space. The strategic agreement mandates that not only will BPC support ZBB’s product portfolio across its entire consumer end-point array (effective immediately), but that an initial purchase order (already received) is made for a complete ZBB EnerSystem™, consisting of the revolutionary EnerStore™ flow battery and EnerSection™ power/control center.

President and CEO of ZBB, Eric Apfelbach, posted this as another big win on the leaderboard for ZBB in the energy storage and power control platform sector. Apfelbach emphasized how the deal shows that once again ZBB can execute mightily where identified convergence of grid infrastructure demand, a massive growth market, and a “trusted partner with the skills to sell/support” the company’s equipment creates a perfect storm of opportunities.

Apfelbach beamed with excitement at the potential for the company’s extremely modular concepts and designs, underscoring how such systems can be rapidly deployed into this vast market with virtually zero engineering effort, bringing non-stop ROI to end users while making ZBB and BPC rich. BPC is the ideal partner here for sure, having been established back in 1995 and then rising quickly to a position of considerable prominence in banking technologies, power systems, and chemical technologies as well. BPC is in a perfect position to distribute ZBB’s products and sits at a kind of nexus for several key Russian/CIS industries, with a clear reputation for cutting-edge technology and time-honored practice, the hardware will practically sell itself on strength of BPC’s reputation alone.

CEO of BPC, Alexander Skorokhodov, asseverated these sentiments wholeheartedly, adding that the tremendous prospects for what is the most advanced hardware in its segment, look to BPC as a wonderful chance to really connect with their core Russian consumer base that has been eagerly anticipating such breakthroughs in distributed generation. Skorokhodov was keen on the robust engineering that will help amp up long-term reliability and efficiency, obviously content with this marriage of bleeding-edge technological advancement and rock-solid performance capability represented by the ZBB lineup.

Executive VP of Global Business Development for ZBB, Dan Nordloh, impressed by the significant market BPC has carved out in Russia and the CIS, dropped some major kudos to BPC management for developing such a hearty network of firm relationships spanning these giant markets. Nordloh pointed to how BPC has managed to not only continue to innovate, but also maintain the complex juggling act required to make good use of ZBB’s offerings, a juggling act that runs the gamut from selling to supporting distributed power and energy system deployments in the field. Nordloh conveyed the excitement at ZBB over getting the first installation done and embarking on what should be a very mutually profitable strategic relationship between the two companies.

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Magnolia Solar Corp. (MGLT) Reaches Developmental Milestone, Advances Antireflection Solar Technology

Magnolia Solar has reached a developmental milestone that it believes advances nanostructured antireflection (AR) coating technology closer to commercial application.

Working with the College of Nanoscale Science and Engineering (CNSE) of the University at Albany, Magnolia Solar reported that it has achieved high-quality 6-inch growth of nanostructured AR coatings on glass for solar cell applications. Most silicon solar cells and high-efficiency thin film solar cells produced today measure approximately 4 inches, the company noted.

Fixed, flat-plate solar cell modules characteristically experience significant reductions in power output as light reflects off the front glass, depending on the time of the day and position of the sun in relation. Magnolia Solar’s goal is to use its AR coating technology to maximize solar energy absorption and minimize reflection losses to less than approximately 1% during peak sunlight hours, resulting in solar panels with extended hours of productivity each day. Thus far, at large angles of incidence during morning and late afternoon hours, the company said that reflection losses have been reduced from more than 25% to less than 5%.

“Such reflection losses are especially severe early in morning and late in the afternoon when the sun is lower in the horizon. Reflection losses also occur throughout the day, particularly as diffused sunlight falls on a solar panel at glancing angles,” Dr. Ashok K. Sood, president and CEO of Magnolia Solar Corp. stated in the press release. “We believe this patent-pending technology is superior to what is currently available in the market and has the potential to benefit a wide variety of specialized military and commercial applications. Magnolia Solar is currently focused on developing a larger scale process for the deposition of nanostructured optical coatings.”

Magnolia Solar has filed multiple patents to protect its intellectual property.

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VistaGen Therapeutics, Inc. (VSTA) to Profit from Growing Need for Better Approach

A recent article by Ryan McBride in biotech industry newsletter FierceBiotech ( highlights a major transition that needs to occur in the pharmaceutical industry.

The article points to a speech by Ken Kaitin, director of the Tufts Center for the Study of Drug Development, suggesting that drug development companies need to fix broken areas of development that are costing them billions of dollars from unnecessary procedures in clinical trials. Kaitin’s group expects pharma to replace traditional trial-and-error testing methods with newer approaches, such as biomarkers, modeling, and simulation, all in an effort to reduce failures and associated costs, costs which payers are increasingly reluctant to accept.

It’s exactly the issue that is being addressed by VistaGen Therapeutics’ proprietary stem cell technologies. VistaGen is a California-based biotechnology company applying its human pluripotent stem cell technology for drug rescue applications, including predictive toxicology and drug metabolism screening. The company intends to use its proprietary technology to discover, rescue, and develop novel drug candidates for a wide range of diseases.

The company’s platform, Human Clinical Trials in a Test Tube, is based on the differentiation of human pluripotent stem cells into multiple types of mature human heart and liver cells which can then be used to provide clinically relevant predictions of potential toxicity. Determination of toxicity at these early stages, far earlier than standard clinical trials, means that drug candidates have a chance of being modified for a successful outcome, saving tremendous amounts of money.

Many otherwise promising drug candidates have been shelved due to toxicity issues that surfaced well into the development and introduction process, representing major losses for drug companies. It suggests a growing recognition of the incredible value offered by technologies such as those VistaGen represents.

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EMCORE Corp. (EMKR) Announces Delivery of 1 Millionth Solar Cell to Space Systems/Loral

EMCORE, a prominent supplier of compound semiconductor-based components and
subsystems to the fiber optic and solar power markets, today announced that it
has reached an incredible milestone after recently delivering its 1 millionth
high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which
will eventually represent more than a megawatt of power delivered into space.
This occasion will be marked by a joint special event hosted by EMCORE and Space
Systems/Loral at EMOCORE’s Albuquerque facilities during the week of February
25, as well as a commemorative award representing the 1 millionth solar

Space Systems/Loral has used EMCORE as its primary supplier for
high-efficiency, multi-junction solar cells for over 10 years and in May 2009
the two companies entered into a long term supply agreement for EMCORE to
continue manufacturing and delivering solar cells through 2014. EMCORE’s
business connection with Space Systems/Loral has been a key factor in the
development of the company’s flourishing photovoltaics division and the success
of its space satellite solar power business. Since its inception in 1998, EMCORE
Photovoltaics has experienced incredible growth, even recently becoming the
world’s largest manufacturer of high-efficiency, multi-junction solar cells for
space power applications.

“The EMCORE team continually demonstrates their
dedication to our business,” said Vivian Mackintosh, Vice President of Supply
Chain Management at Space Systems/Loral. “EMCORE is more than just a supplier to
SS/L. We have developed a close collaborative working relationship that ensures
on time delivery and the highest level of quality.”

“Delivering 1
million solar cells for more than 50 successful satellite launches by Space
Systems/Loral is a tremendous milestone for EMCORE and our space satellite solar
business,” said Dr. Hong Hou, Chief Executive Officer at EMCORE. “We are
especially proud to have achieved this milestone with our solar cells meeting
all requirements for performance and reliability. We are delighted and very
grateful to continue this relationship, and we look forward to working with
Space Systems/Loral to power their satellite missions for many years to

EMCORE’s industry-leading multi-junction solar cells have a
Beginning-Of-Life (BOL) conversion efficiency of almost 30% and the option for a
patented, onboard monolithic bypass diode to provide the highest available power
to interplanetary spacecraft and earth orbiting satellites. EMCORE’s proven
manufacturing capability, technology leadership, and high-reliability solar
cells and panels make it the supplier of choice for demanding spacecraft power

For further information, please visit

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Ambient Corp. (AMBT) Announces Enhancements for Advanced Power Quality Monitoring Solution

Ambient Corp., provider of a secure, flexible, and scalable smart grid
communications and applications platform, today announced further progress on
the development of AmbientPQM™, an advanced Power Quality Monitoring solution
that enables enhanced grid visibility for utilities.

An enhancement of
the existing solution, the latest update, M-PQM, allows simultaneous monitoring
of multiple sources of power quality data in both medium and low-voltage

AmbientPQM, a combination of software and hardware (PQM
application, and Ambient Smart Grid® Nodes and Sensors), enables utilities to
measure an array of power quality parameters on medium- and/or low-voltage
distribution grids, on overhead or underground lines, and at distribution

AmbientPQM provides the following benefits:

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Bergamo Acquisition Corp. (BGMO) Provides Documentation and Letter from Corporate CPA Firm to Increase Shareholder Transparency

Bergamo Acquisition, a global investment holding company, has engaged L.L.
Bradford, a full-service public accounting firm, to verify and authenticate
documents supporting the two most recent US $500 million tranches deposited into
accounts held by Bergamo Acquisition’s European subsidiary as part of an
investment agreement entered into with National Wealth International.

After reviewing the original bank letterhead signed by two bank
officers, the location and name of the bank, the account number, and the dollar
amounts, L.L. Bradford provided written confirmation of Bergamo Acquisition’s
ongoing and existing financial agreements. For more information on the recently
announced investment agreement, review the press release issued by Bergamo
Acquisition on January 10, 2013.

The CPA firm’s letter has been posted
on the OTC Markets website ( as well as
the website of Bergamo Acquisition ( Bergamo Acquisition
has also publicly posted a redacted version of the documentation provided to
L.L. Bradford in conformity to nondisclosure and non-circumvent agreements with
its partners.

Hillard Herzog, President and CEO of Bergamo, stated, “By
contractual agreements, the funds deposited into our European subsidiary’s bank
account are exclusively authorized for the investment program in place with
National Wealth International. We requested examination by our corporate
certified public accounting firm to erase any doubt that Bergamo Acquisition is
able to move directly ahead with its investment program.”

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GlobalWise Investments, Inc. (GWIV) and the Cloud’s Transforming Nature

Accessing the Internet has become such a normal part of daily life, whether through computer or mobile device, that it’s beginning to become invisible, done almost without awareness. Today, the ascent of cloud technology is greatly accelerating the trend. Improvements in security and communication, together with more sophisticated ways of integrating cloud and on-site technology, has begun to quietly place a world of information and functionality in the hands of every user.

GlobalWise Investments, offering Enterprise Content Management (ECM) as a cloud based or local solution for document management, has taken such integration to a new level. The system allows companies to effortlessly capture and index critical documents as part of their normal copy/scan process, through seamless integration with leading printer/copier systems. These documents are then available for strictly authorized access worldwide 24/7. Leading hardware vendors such as Lexmark, Samsung, DELL, and many others already recognize the future of ECM and are now directly integrating
into the Intellinetics Intellivue cloud platform.

William J. “BJ” Santiago, President & CEO of GlobalWise, summarized the economic advantages of their unique ECM business model, “Many in the industry have called our flagship software a ‘channel changer’ because our user-friendly model is similar to the traditional per click charge standard, but introduces a fixed cost model that appeals to a wider customer base. Therefore, the end-user no longer has to worry about being charged more money for each mono (black and white), color or virtual image scan (i.e. Video, Audio, JPEG, PPT, Excel, etc.). Intellivue allows the end-user to scan both hard-copy and virtual images, as well as index, search, and retrieve archived data via the cloud, in the same model in which they buy their products today through their dealer. Instead of a per page or per click charge, there is simply a capacity based monthly subscription fee.”

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Tianli Agritech, Inc. (OINK) to Launch Black Hog Pork Products in Beijing Supermarket Chains

January 29, 2013

China-based hog producer Tianli Agritech announced that it is launching its black hog products in several regional supermarket chains in Beijing, including HAU LIAN and YONG HUI. Beijing is the largest pork consuming market in China with an estimated 10 million hogs consumed annually as fresh, refrigerated, and frozen meat cuts.

Tianl’s black hog pork cuts will be introduced under the Tianli-Xiduhei™ brand in advance of Chinese New Year celebrations. The Tianli-Xiduhei™ black hogs and its meat cuts are a product of the company’s “10,000 families and 1,000,000 Black Hogs” program in Enshi Prefecture, Hubei Province. Under the auspices of the local government, Tianli is supporting local farming, breeding, and production of black hogs fed with its proprietary feed formula.

Hanying Li, Chairwoman and CEO of Tianli Agritech, remarked, “Entering the Beijing market is an important milestone for our black hogs program. Tianli’s goal is to serve premium quality pork to the general market. Success in the Beijing market will validate our 10,000 families and 1,000,000 Black Hogs program and also contribute to our revenues and earnings in 2013.”

Black hog meat is known throughout China as a superior pork product, rich in flavor, macronutrients, and naturally-occurring antioxidants like selenium. Selenium is used in treating diseases of the heart and blood vessels, including hardening of the arteries. Trace levels of selenium are found in many plants and protein foods which are widely respected for their health benefits by Chinese consumers. Tianli-Xiduhei™ will highlight the selenium content in its black hog meat cuts on its packaging and marketing.

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Cardium Therapeutics, Inc. (CXM) Presents at the 2013 Cell & Gene Therapy Forum

Today before the opening bell, Cardium Therapeutics announced its Chief Scientific Officer, Gabor M. Rubanyi, M.D., Ph.D. delivered a presentation at the 2013 Phacilitate Annual Cell & Gene Therapy Forum in Washington, DC. The presentation, titled “Optimizing Phase III Trial Design for Generx® (Ad5FGF-4),” outlined the current scientific knowledge about the mechanistic basis of adaptive coronary collateral growth, the biological processes to be targeted by therapeutic angiogenesis, and the lessons learned during the past decade of the company’s Generx clinical development program.

If you would like to view the presentation, visit

“The presentation yesterday reviewed new techniques that have been implemented to optimize our international Phase 3 ASPIRE clinical study for the Company’s Generx® (Ad5FGF-4) DNA-based angiogenic growth factor drug candidate, including: (1) diagnostic identification of patients likely to be more responsive to angiogenic therapy; (2) new balloon catheter-based delivery methods designed to boost adenovector gene delivery and enhance angiogenic growth factor efficiency; and (3) selection of relevant clinical endpoints which may be useful in future clinical studies and help advance the field of therapeutic angiogenesis,” stated Christopher J. Reinhard, Cardium’s Chairman and CEO.

Generx is an interventional cardiology-focused product candidate that is being developed to offer a one-time, non-surgical option for the treatment of a medical condition termed cardiac microvascular insufficiency (CMI) in patients with myocardial ischemia and symptomatic chronic stable angina pectoris due to coronary artery disease. Patients with CMI have had an insufficient angiogenic response to their current disease state and may benefit from a biological therapy that enhances cardiac perfusion through the facilitation of collateral vessel formation. Currently, patient inclusion in the ASPIRE study requires evidence of stress induced reversible myocardial ischemia as measured by SPECT imaging. The goal of the company’s Generx product candidate is to improve blood flow to the heart muscle by promoting and enhancing cardiac perfusion through the enlargement of pre-existing collateral arterioles (arteriogenesis) and the formation of new capillary vessels (angiogenesis). Various catheter-based imaging diagnostics including fractional flow reserve and washout collaterometry could enhance the clinical adoption of this non-surgical therapeutic angiogenesis approach following initial registration.

Cardium’s extensive preclinical and clinical studies have been instrumental in identifying cardiac ischemia as a key facilitator of non-surgical DNA-based angiogenic therapy. Improved adenovector administration methods combine non-surgical, percutaneous balloon catheter-based delivery to transiently induce ischemia together with the use of nitroglycerin to enhance vector uptake. By increasing cell transfection efficiency and reaching both the peri-ischemic regions and pre-existing collaterals in the heart, this modified approach offers the potential to effectively simulate both angiogenesis and arteriogenesis to bring about improved blood flow. Cardium’s new delivery techniques are also designed to provide uniform Generx uptake, to reduce response variability and to allow for the potential treatment of patients with a broader range of associated coronary artery disease.

Cardium has modified the primary endpoint of the ASPIRE clinical study from the traditional measure of improvement in treadmill exercise time (ETT) to a more objective efficacy endpoint of reduction in reversible perfusion deficit based on SPECT myocardial perfusion imaging. Similar to mechanical/surgical cardiac revascularization approaches, the goal of Generx treatment is to improve myocardial perfusion (blood flow). SPECT myocardial perfusion imaging can be used to quantitatively evaluate Generx’s effectiveness by measuring improved myocardial blood flow under stress, a key prognostic indicator that is associated with the regenerative process of new collateral vessel formation in and around the regions of ischemia. While walking time during ETT has been a traditional efficacy measure of anti-anginal drugs, it is based on a subjective assessment of chest pain (angina pectoris), does not directly measure improvements in cardiac blood flow, and can be affected by other variables.

Positive results from the prior Phase 2a clinical study (Grines et al., J Am Coll Cardiol 2003; 42:1339-47) showed that Generx improved myocardial blood flow in the ischemic region of the hearts of patients following a single intracoronary infusion as measured by the objective efficacy endpoint of SPECT imaging. The observed treatment effect for patients receiving Generx was similar in magnitude to that reported in the literature for patients undergoing angioplasty/stent or revascularization procedures with reversible perfusion defects of comparable size at one year following these procedures.

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Viscount Systems, Inc. (VSYS) to Secure Four High Rise Towers in Vancouver

Viscount Systems, a leading-edge supplier of security systems and software, announced this morning that it will be retrofitting a mixed-use complex in Vancouver with MESH Touch Screens, Freedom Access Control, and video. The area to be secured includes four high-rise towers, commercial and retail areas, as well as underground parking. The value of the contract has been reported at just under $200,000.

“This project highlights a primary advantage of our Freedom access control technology for retrofit projects,” stated Stephen Pineau, CEO of Viscount. “Because most existing systems are highly proprietary, retrofitting a security system normally requires the replacement of every system component including access cards and the card readers at each door. However, Freedom is a software platform than can read the card of almost every existing supplier. By allowing the client to make use of their existing cards and door readers we were able to provide a significant cost advantage before any other component was even included.”

Designing security systems since 1969, Viscount has developed strategic working relationships with leading equipment vendors to support its continued profitability and growth. The company’s products have been installed in approximately 35,000 sites in over 30 countries, including prisons, schools, hospitals, government facilities, and corporate offices.

For more information on Viscount Systems, visit

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International Stem Cell Corp. (ISCO) Helps Advance Science via Lifeline Cell Technology Subsidiary

The Lifeline Cell Technology subsidiary of International Stem Cell Corp. specializes in the development and manufacture of purified primary human cells and optimized reagents for cell culture. The company’s scientists continue to come up with new and improved human cell systems for the worldwide culture marketplace and are making breakthroughs in the development of human stem cell production. Their strength rests in both the established quality and range of their products, which are listed below.

Cell Types:

• Endothelial
• Epithelial
• Fibroblast
• Hepatocytes
• Melanocytes
• Mononuclear
• Neuronal
• Smooth muscle
• Stem cells, human
• Stem cells, non-human

Tissue Types:

• Blood Immune System
• Endothelial-Large Vessel
• Endothelial-Small Vessel
• Epithelial
• Fibroblast
• Hepatocytes
• Neuronal
• Smooth muscle
• Stem cells, human

Cell Culture Media:

• Blood Immune System
• Endothelial-Large Vessel
• Endothelial-Small Vessel
• Epithelial
• Fibroblast
• Hepatocytes
• Neuronal
• Smooth muscle
• Stem cells, human

Additional Products:

• Reagents, supplements and growth factors
• Skin models
• Stem Cell Differentiation Kits

For additional information, visit and

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Richfield Oil & Gas Co. (ROIL) Begins Trading on Qualified OTC Marketplace OTCQX

Richfield Oil & Gas today joins the cream of the crop on OTC Markets Group’s premier platform, the OTCQX®, where timely financial and reporting standards have skimmed off high-quality U.S. companies such as this Utah-based hydrocarbon developer, which has an extensive footprint of producing oil and gas assets in Kansas and Wyoming, as well as ancillary development assets in Oklahoma and Utah. OTCQX brings quality-control and a level of marketplace services formerly only available to companies and their investors via a traditional U.S. exchange.

OTCQX is a great venue for drawing interest and represents the highest financial standards and third-party sponsorship in the OTC space. This move is a firm commitment by Richfield to doubling-down on U.S. investor engagement metrics and is wholly in line with an established practice of maintaining consistent, superior-quality data and reporting, such that markets are able to make intelligent decisions on the company’s securities.

CEO of ROIL, Douglas C. Hewitt, Sr., affirmed the company’s dedication to ensuring that investors are able to do comprehensive analysis and be totally confident in the fact that they have a circumspect valuation, emphasizing how important it is to management that investors are able to make the best trades possible when it comes to ROIL. Hewitt conveyed a strong sense of understanding about how timely, accurate news and top-shelf data is the cement which bonds together company/shareholder relationships.

President and CEO of OTC Markets Group, R. Cromwell Coulson, stressed how crucial the philosophy of open, transparent, and connected financial marketplaces was in today’s environment, welcoming ROIL’s move to the top-tier of the OTC space. Coulson detailed how OTCQX is a prime way to show investors that the company is a cut above other OTC listings, adding that with a fully electronic marketplace which is also compliance-driven, you have a nexus of easy access and consistent reportage.

A solid dynamics move for ROIL to throw a spotlight on their growing portfolio of domestic hydrocarbon interests, having recently (Jan 9) snapped up a 100% WI in a 640-acre producing (Wasatch National Forest Well #16-15) mineral lease in the Graham Reservoir oil field, Uinta County, Wyoming.

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Is the QSTwit Community Following Your Tweets?

In 2009, QualityStocks introduced QualityStocksTwits (“QSTwits”), a Web 2.0 site that collates Twitter’s investment discussions in real-time, enabling investors to track the web’s savviest investors as well as build their own following. QSTwits gathers data from Twitter on any company, big or small.

With QSTwits, users can eavesdrop on what traders are talking about right now or contribute to the conversation and build their own reputation. It also allows anyone to search the Twitter universe for tweets relating to a particular stock and use Twitter’s features directly within the application. Investors will also be able to quickly see which stocks are being discussed most.

However, to ensure the QSTwit Community is following your posts, it is important that you sign up! Sign up is easy, even if you haven’t signed up for a Twitter account. The simple process can be found on the QualityStocksTwits homepage: If you already have a Twitter account, registration isn’t even required. Simply login with your Twitter account and start using QSTwits!

Let us hear your thoughts below:

Is the QSTwit Community Following Your Tweets?

In 2009, QualityStocks introduced QualityStocksTwits (“QSTwits”), a Web 2.0 site
that collates Twitter’s investment discussions in real-time, enabling investors
to track the web’s savviest investors as well as build their own following.
QSTwits gathers data from Twitter on any company, big or small.

QSTwits, users can eavesdrop on what traders are talking about right now or
contribute to the conversation and build their own reputation. It also allows
anyone to search the Twitter universe for tweets relating to a particular stock
and use Twitter’s features directly within the application. Investors will also
be able to quickly see which stocks are being discussed most.

However, to
ensure the QSTwit Community is following your posts, it is important that you
sign up! Sign up is easy, even if you haven’t signed up for a Twitter account.
The simple process can be found on the QualityStocksTwits homepage: If you already have a Twitter account, registration
isn’t even required. Simply login with your Twitter account and start using

Let us hear your thoughts below:

Wiless Controls, Inc. (IMEK) Forms Alliance with Metropolitan Industries to Advance Wireless M2M System to Market

Wiless Controls has entered into a strategic alliance with Metropolitan
Industries to foster the companies’ year-long collaborative relationship and to
accelerate the production and deployment of the Wireless Machine-to-Machine
(M2M) system.

The Wiless Controls’ M2M “plug and play” platform was
designed for a wide range of commercial, consumer, and industrial applications,
and has been prepared for commercial introduction.

“Over the last year,
our relationship with Metropolitan has grown stronger and more expansive,”
Michel St-Pierre, CEO of Wiless Controls stated in the press release.
“Metropolitan has been integral in the development of our M2M package, including
our beta launch last year. As we are now ready for a commercial launch of the
product, partnering with a company with the portfolio of clients, staff, and
financial strength of Metropolitan provides us invaluable resources to penetrate
multiple verticals simultaneously. We could not be more pleased to have
formalized our relationship and look forward to the successful commercialization
of our M2M technology.”

The agreement leverages the strengths of Wiless
Controls and Metropolitan Industries, combining all aspects of a complete
infrastructure to achieve rapid, targeted market penetration; additional R&D
of new products and applications; production of the key components; and
management of the network, Web application and user interface.

“It is
evident to us and everyone in the industry that the day of wirelessly monitoring
and controlling assets in real time, which is what the M2M industry is all
about, is upon us,” John Kochan Jr, CEO of Metropolitan Industries stated. “We
see a wide array of benefits in our various markets at Metropolitan, albeit
industrial, commercial or consumer-oriented products and services. In business
for more than 50 years, with clients from consumers to government,
Metropolitan’s size and production expertise will greatly supplement Wiless
Controls’ innovative product development. We have exhibited the system at trade
shows and have an operational demonstration running at our facilities, which has
resulted in on-the-spot sales and a tremendous amount of interest already. We
are excited about where this new alliance with Wiless Controls can lead both the
near and long term.”

For more information visit

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Dejour Energy Inc. (DEJ) Secures 30-Year E&P Management/Finance Pro David Matheson

January 28, 2013

Dejour Energy, the domestic hydrocarbon developer with some 129k net acres in the Piceance and Uinta basins of Colorado and Utah, as well as another 8.5k net acres in the Peace River Arch area of British Columbia and Alberta, today reported tapping 30-year industry management and finance veteran David Matheson for the CFO position.

CEO and Co-Chairman of DEJ, Robert Hodgkinson, conveyed the enthusiasm of the entire Dejour team in welcoming Matheson, whose reputation within the oil and gas sector precedes him, to the company at what is a most “pivotal time” in its development. With production ramping up across the portfolio at DEJ, a seasoned pro like David will be instrumental in assembling the capital base needed to fully realize the potential of the company’s continuously expanding resource footprint.

Matheson brings an impressive track record in managerial and finance work to the DEJ team, having held numerous similar positions throughout the sector, like the CFO position over at Canadian hydrocarbon developer Equatorial Energy Ltd., where he excelled to the point that he became president of the company. The progression says it all about David’s stewardship, from its humble start up, through to a TSX listing and market cap exceeding $400M, finally eventuating in sale to fellow Canadian energy developer Resolute Energy.

Matheson also founded the successful private oil and gas firm Java Petroleum Corp., which saw heavily focused activity in the Western Canadian Sedimentary Basin that cuts through Alberta, BC, and Saskatchewan, acting also as President and CEO of that outfit. Again a successful over watch by Matheson which eventuated in a good sale, in that case to the TSX-listed Southern Pacific Resources Ltd.

The recent (Jan 2) securing of $6.5M in non-dilutive financial backing by a local, private, Denver-based drilling fund to help complete the first four wells on their 2.2k acre Kokopelli field development project in the Piceance, which has ideal structural positioning for Williams Fork/Mancos production, is a huge lead-in for Matheson and he clearly has his work cut out for him. Matheson will be straining at the reins to tackle the broad, emerging production front line DEJ has put together, with some learned strategies right out of the gate.

Management is banking on Matheson’s time-tested ability to produce results and eyes his extensive communication skills, as well as proficiencies for navigating the complex financial circuits of the industry, with great anticipation. Hodgkinson made particular note of how impressed he was by the “significant business successes” achieved in the past with Matheson and how much he looked forward to doing it again, this time across the spectrum of core projects currently in the company’s E&P hopper. Matheson is being tagged here not only for his solid track record but also a first-hand proven ability to innovate on the fly.

Hodgkinson also saluted outgoing CFO, Mathew Wong, whose dedicated service to the company was remarked as having helped bring DEJ to this momentous phase in its evolution, ever since its start up reactivation back in 2004. Matheson, who looks quite able to fill the CFO shoes amply, is a graduate of the University of British Columbia and was admitted into the Institutes of Chartered Accountants (BC/Canada/Northwest Territories) back in 1975.

For more information on Dejour Energy, visit

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Boston Therapeutics, Inc. (BTHE) Reports Favorable Results of SUGARDOWN Clinical Trial

Boston Therapeutics today announced positive results of a clinical study of its SUGARDOWN® product, a non-systemic chewable dietary supplement tablet designed to reduce the spike in post-meal blood glucose. SUGARDOWN is designed to be taken before meals to block the action of carbohydrate-hydrolyzing enzymes, which break down carbohydrates into glucose and release them into the bloodstream.

Conducted at the University of Sydney in Australia, the clinical trial showed that the post-meal incremental area under the curve (iAUC) for glucose and insulin were significantly lower following consumption of SUGARDOWN prior to a high carbohydrate meal of rice in a dose-dependent manner.

SUGARDOWN was tested at two doses in 10 healthy, non-smoking subjects, resulting in a reduction of up to 61 percent in post-meal elevation of blood glucose compared with the rice consumed alone. On average, there was a 32 percent reduction in the post-meal iAUC for glucose and a 24 percent reduction in post-meal insulin.

“These study results demonstrate that SUGARDOWN dietary supplement tablets can have a significant effect in reducing post-meal glucose and insulin responses,” David Platt, Ph.D., CEO of Boston Therapeutics stated in the press release. “Such a nutritional approach may be valuable in the management of blood sugar and could enhance the role of functional dietary supplements as part of a diabetes management plan.”

Boston Therapeutics reports that no severe adverse effects were reported or observed during the study.

For more information visit

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TeleCommunications Systems, Inc. (TSYS) Finishes Phase 1 Implementation of Statewide Next Generation 9-1-1 Services Network for State of Iowa

TeleCommunication Systems, a leader in highly dependable and secure mobile communication technology worldwide, announced that the Next Generation 9-1-1 services network for the State of Iowa has entered phase one deployment. This milestone makes Iowa the first state to complete a comprehensive statewide deployment of a National Emergency Number Association (NENA) i3-compliant Next Generation 9-1-1 (NG 9-1-1) system. This cutting edge emergency services network provides an improvement for the public’s access to 9-1-1 by using TCS’s innovative technology and provides the foundation for people in Iowa to eventually transmit text, images, and video to public safety answering points (PSAPs).

Every one of the 119 PSAPs in Iowa are now interconnected within the NG9-1-1 system in accordance with the NENA i3 specifications, making the Iowa network the largest continuous NG9-1-1 network in the United States. All wireless 9-1-1 traffic from wireless telecommunications operators will be sent through the Iowa NG9-1-1 system. Once the communications enter the system, they are processed and routed to the appropriate PSAP. The implementation of the new system allows Iowa’s emergency services network to receive and process requests from legacy and new technologies, while maintaining full compliance with NENA i3 specifications. This deployment is the first phase of a five-year contract with the State of Iowa Homeland Security Emergency Management Division (HSEMD) for NG 9-1-1 systems and services.

TCS’ NG9-1-1 solution offers options to public safety providers that increase control over the system, bypass costly legacy architecture, and deploy the solution as systems, services, or a mix of the two within any existing IP network.

For more information on TCS’ NG9-1-1 solutions, visit

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FalconStor Software, Inc. (FALC) Announces CFO Lou Petrucelly as Recipient of Long Island Business News 40 Under 40 Award

FalconStor Software, a market leader in disk-based data protection, recently announced that Louis J. Petrucelly has been selected as a recipient of the Long Island Business News 40 Under 40 Award for 2013. Petrucelly currently serves as FalconStor’s Chief Financial Officer, Vice President, and Treasurer. The award ceremony was held at a gala event on January 24th.

Marking the 15th anniversary of the annual 40 Under 40 Award ceremony, this program serves as a salute to 40 men and women who have achieved success in business before the age of 40. Having a proven track record of career success, recipients of the award are involved in mentioning others and promoting their profession and who give back to their communities.

“The honor accorded to Lou by this year’s 40 Under 40 Award program is well deserved, as it recognizes the Island’s best and brightest for their exceptional business accomplishments and community involvement,” commented Jim McNiel, president and CEO of FalconStor. “For more than five years, Lou has demonstrated his financial acumen and dedication while serving as a key member of the FalconStor finance team. Lou’s leadership and ongoing contributions to the company are appreciated by his colleagues and staff, and we all congratulate him for his success.”

“This award is an honor I share with an impressive group of Long Island business professionals I am pleased to count as my colleagues,” stated Petrucelly. “I would like to acknowledge the exceptional people who have helped me all along the way to achieve my personal and professional goals. My special thanks go to the entire FalconStor team, with whom I have been proud to serve during the most rewarding years of my career.”

Following his promotion to Vice President of Finance and appointment to treasurer and acting CFO in May 2012, Petrucelly, age 38, was named Chief Financial Officer in August 2012. Petrucelly initially joined FalconStor in 2007 as the company’s director of financial reporting. By 2008, Petrucelly had been promoted to Director of Finance, serving in this role until his promotion this year. Prior to joining FalconStor, Petrucelly worked for Granite Broadcasting Corporation as the corporate controller. He also held several senior management positions with PASSUR Aerospace, Inc., including Chief Financial Officer. Petrucelly began his career with Ernst & Young, LLP, and has served on the board of directors of the Lupus Alliance of America, Long Island/Queens Affiliate since 2008, and currently acts as a member of its finance committee. Petrucelly received his bachelor’s degree in accounting from the C.W. Post campus of Long Island University.

For more information on FalconStor, visit

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