Author Archives: Jeanne

Dot Hill (HILL) AssuredSAN Pro 5000 Selected by C7 Data Centers for Private Cloud Solution

October 29, 2013

Dot Hill Systems Corp. (HILL), a prominent supplier of SAN storage products, announced today that its AssuredSAN Pro 5000 Series 100 terabyte offering has been selected by C7 Data Centers, a leader in outsourced IT solutions, for incorporation into C7’s new private cloud configuration. Dot Hill’s AssuredSAN Pro 5000 Series features real-time automated tiering for single tenant private cloud solutions, making it an ideal selection for C7’s new offering which provides affordable cloud-based redundancy in both physical and virtual production environments.

“Many companies are looking at cloud implementations to grow IT resources without increasing support and hardware costs,” said Jim Jonez, senior director of marketing, Dot Hill. “C7 Data Centers and Dot Hill are working together to provide a responsive, reliable, and cost-effective infrastructure. The Dot Hill AssuredSAN Pro 5000 Series allows cloud customers to increase capacity without having to purchase additional licenses, providing savings to their bottom line.”

“We’re confident that in our FuseApp Private Cloud and Private Cloud Suite solutions we’ve found the right mix of technologies to provide a robust, affordable failover solution for physical and virtual production environments that is easy to scale,” said Wes Swenson, CEO, C7 Data Centers. “The Dot Hill AssuredSAN Pro 5000 Series provides 99.999 percent availability and real-time tiering — features that meet the performance requirements of a production site.”

The AssuredSAN Pro 5000 Series has built-in intelligence that automatically adjusts to data access needs without human involvement or policy modification. The AssuredSAN Pro Series, with RealStor™ software raises the bar on tiered storage, above other automated off-hours batch migration tiered storage systems, and up to a new level of autonomic, real-time data tiering.

The AssuredSAN Pro 5000 Series is a cutting edge, high-performance integrated storage array that consistently delivers faster access to up-to-date data with built-in, real-time autonomic tiered storage and virtualization. This highly available and reliable solution immediately detects priorities for data access to optimize the delivery of high demand data in real time. Faster I/O is achieved in part through real-time automated data tiering, which prioritizes data files, volumes or blocks between tiered storage using built-in analysis and data scoring.

For further information, please visit www.dothill.com

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Marathon Patent Group, Inc. (MARA) is “One to Watch”

Marathon Patent Group services a broad array of patent owners to help them license their portfolios, from individual inventors up to Fortune 500 companies. Marathon, via its operating subsidiaries, also acquires or invests in promising patent assets/rights with the ultimate objective of generating licensing revenues.

Since its inception, the company has been quite busy sourcing top-shelf patent portfolios via channels. An example would be their tight-knit working relationship with one of the global leaders in full-service patent monetization, IPNav, and its CEO, Erich Spangenberg, who is part of that relationship stretching back to 1998.

The experienced licensing team at MARA has devised an extremely rigorous vetting process involving collaborative due diligence, which also relies heavily on the established licensing strategies developed by IPNav – strategies that have helped IPNav pull down some $620M in settlements over the last decade alone.

MARA’s current patent load out, amassed either via direct upfront payment or through participation in revenue generation for the patent sellers, currently tips the scales at some 35 U.S. patents and 64 international patents. Just last week (Oct 22) MARA reaffirmed its patent licensing prowess to markets yet again with the acquisition of a portfolio of four U.S. patents in the process automation (production) and enterprise resource planning area, dealing with the implementation of adaptive learning methods. This marks the third portfolio the company (or one of its operating subsidiaries) has snapped up in just the four weeks preceding the announcement itself.

Marathon is a lean, mean and appropriately aggressive outfit that has a solid balance sheet and no debt. With Q2 figures on display, MARA is reporting the first real quarter during which the company has reported significant licensing and settlement revenues. This profile provides investors with a clear glimpse of MARA’s financial status via 33 active lawsuits and over 42 different defendants (reported Aug 15). With gross revenue that broke $1.5M on settlement and licensing proceeds, it should be obvious where this company is headed. In fact, MARA pushing numbers like that in their first real quarter of patent enforcement activity should be a major signal to investors that both the strength of their patents and the veracity of their enforcement capabilities are something to keep a close eye on in coming months. The sheer speed with which Marathon has managed to drop the hammer on monetization of their portfolio says it all.

Earlier in August (Aug 2) the company’s newly launched campaign for wholly-owned subsidiary Relay IP Inc., resulted in filing of a patent infringement lawsuit against leading New York metropolitan area telecommunications and media company, Cablevision, over their Internet protocol network multicasting territory (USPTO #5,331,637 – multicast routing using core-based trees). This was just shortly after the company’s initial Relay IP victory in July, a short three months into the launch of the new licensing campaign, as Relay IP successfully entered into a settlement and license agreement with a top tech firm over the Relay IP patent. Another patent infringement lawsuit in Relay IP, this time against 10 major named defendants and filed in June (including big names like The Nasdaq OMX Group, Inc. and BATS Trading Inc.) offers yet more tangible evidence of the strength of MARA’s position. Relay IP territory is essentially IP multicast and this patent position has huge coverage in the growing world of IPTV applications like distance learning or televised company meetings. It is also the most widely used protocol in Protocol Independent Multicast or PIM.

Earlier in the year (May 30), MARA acquired three U.S. and ten international patents from undisputed global electronics and electrical engineering heavyweight, Siemens, via their wholly-owned Bismarck IP subsidiary. The three patents relate to enhancement features and performance technologies in switching communication terminal equipment and Private Branch Exchanges (PBXs). Trusted ally IPNav has already been tapped to help MARA monetize this fertile patent territory and the strategic might of the company’s overall patent position should be self-evident when also taking into account their Sampo IP and Cyberfone assets (covering areas of distributed application communications and menu/form-driven data transactions respectively). IPNav’s sophisticated toolset includes their custom IPNav Analyzer, a patent analytics and market analysis engine, as well as their transaction and licensing agreement database which spans multiple industries and technology areas.

Founder and CEO of MARA, Doug Croxall, marveling at the robust and highly scalable IP monetization platform the company has put together, emphasized the 6.4M in cash the company had on hand as of late June. Add to that the lack of debt on their balance sheet, and these leading indicators reveal how spry MARA will be in terms of portfolio expansion and monetization this year and on into 2014.

A diverse yet strategically relevant portfolio that is constantly growing, and a close partnership with patent monetization juggernaut IPNav spell out tremendous upside in a world increasingly dependent on distributed information and communication technologies. Marathon’s modular approach to territory acquisition via outright purchase or partnering with the patent holder, ultimately resulting in actively managed patent licensing campaigns, is a brilliant model, and this Alexandria, Virginia-based company has the executive muscle to support their inevitable growth dynamics as well. Croxall himself cut his teeth in the industry with powerhouses like KPMG and Motorola, then moved on to head up Firepond, where he achieved some $90M in patent licensing revenues from 2004 to 2009 before going on to found his own successful,  privately-owned patent holding company, LVL Patent Group.

The company’s Sampo IP assets (Sampo IP, LLC) saw the first and second settlement agreements landed within four months of the kick off of their licensing campaign in March, and these assets in particular represent a rapidly evolving area for MARA where ongoing infringement continues on the centrifugal communication and collaboration method patents. These patents cover facilitation of communication between members of a distributed discussion group using communication devices and a central agent.

The Cyberfone assets (CyberFone Systems, LLC) cover a range of certain transactional data processing, telecommunications, network and database inventions, and includes financial transactions and enforcement which is open-ended against such high-profile named defendants as Alcatel-Lucent, Mitsubishi, Toshiba, and UPS. The settlement achieved with Denon Electronics, LLC in June of this year on the Cyberfone assets illustrated how secure the company’s patent position is and the truly foundational digital communications and data transaction processing areas covered by this portfolio for the finance, telecom, and wireless sectors alone are enormous.

Learn more about Marathon Patent Group, Inc. at www.MarathonPG.com

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MRI Interventions, Inc. (MRIC) Reports Positive Data of Asleep DBS with ClearPoint® System

MRI Interventions, developer of innovative platforms for performing minimally invasive surgical procedures in the brain and heart, has reported that data from the use of the company’s ClearPoint(R) Neuro Intervention System in “asleep” deep brain stimulation (DBS) surgery were recently presented during the 2013 Annual Meeting of the Congress of Neurological Surgeons (CNS) in San Francisco.

The ClearPoint System is a navigation platform designed to provide surgeons with real-time, direct visualization during minimally invasive neurosurgical procedures. Dr. Paul Larson, neurosurgeon at the University of California, San Francisco (UCSF), presented at the meeting the accuracy results from a prospective study of 60 patients who underwent asleep DBS with the ClearPoint System.

“Almost every electrode was placed with a single pass to the brain,” Dr. Larson stated after his presentation, “meaning we hit the target the first time in each of those cases. More importantly, we hit the correct target based on the fact that no patients have returned for repositioning. We were able to do this through real-time image guidance enabled by ClearPoint.”

In addition, Dr. Fiona Gupta, neurologist at Hackensack University Medical Center (HUMC), presented clinical outcomes of 11 patients who underwent asleep DBS with the ClearPoint System at HUMC.

“We’ve been very impressed with the outcomes we have seen so far,” said Dr. Gupta. “My patients have had dramatic improvement in their movement scores. Many of these patients would not have had the awake surgery, so these results were made possible by iMRI asleep DBS.”

Lastly, Dr. Jill Ostrem, neurologist at UCSF, presented preliminary data regarding outcomes with asleep DBS from a UCSF clinical study.

“While our data is preliminary at this point, I can say that the patients we’ve assessed so far are doing very well,” Dr. Ostrem stated. “Initial clinical outcomes are in line with outcomes in conventional awake procedures, which is exactly what we want to see at this point.”

For more information please visit www.mriinterventions.com

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Cereplast, Inc. (CERP) Sustainable Bioplastics Technology Poised For Massive Growth as EU Moves to Ban, Tax Plastic Bags Out of Existence

October 28, 2013

Cereplast, whose proprietary bioplastics offer a sustainable alternative to traditional plastics by being fully or partially biobased (using inputs like algae, corn, potatoes, sugar and tapioca), as well as biodegradable/compostable, was pleased to provide markets an update today on the EU Environmental Commission’s landmark legislation aimed at implementing a ban or tax on conventional plastic carrier bags (50 microns or less) throughout all EU member states (94/62/EC PPWD) by this November 15.

The new law, set to go into place next month, gives member states of the EU just two years to meet with compliance guidelines and spells a huge win for the sustainable bioplastics industry in general, as well as CERP in particular. Estimates for potential alternative bioplastics demand are in the neighborhood of 1M tons per annum, or around $4B/year in revenue, making this an extremely ripe target of low hanging fruit for the company – a fruit which will likely ripen even more as the mounting changeover logistics crunch takes hold in these next two years.

The true scope of the underlying logistics may not immediately impress themselves upon the reader, but the upside potential for CERP shareholders should at least be readily apparent. With several EU states like Bulgaria, Denmark and Ireland already doing some form of ban or tax on conventional single-use plastic carrier bags, designed in each case to systematically delimit use of these bags and thus ultimately, the environmental impact from their creation/disposal, this new legislation reinforces a dominant and easily observable trend throughout the EU. While the immediate aim of this legislation is to try and reduce consumption of such bags by as much as 80%, the final trajectory of such legislative moves is already clear across all of Europe, and retailers from France to Germany, as well as in the Netherlands and Portugal, have already started down this road with voluntarily imposed spot fees on conventional plastic bags.

Resounding approval by the EU Environmental Commission of the single-use disposable plastic bag amendment to the Packaging and Packaging Waste Directive, is a major signal flare to CERP and the company is already positioning to capture momentum off the subsequent Italian legislation, anticipated to go live straight away after the PPWD is confirmed. As per the company’s previous analysis, annual revenue potential from Italy alone is in the ballpark of some $50M, so long as access to sufficient raw material inputs exists and the necessary growth capital is secured. The company already has the throughput muscle needed to satisfy some $125M worth of the annual demand created by this legislation if their 40k tons/year state-of-the-art facility in Seymour, Indiana is maxed out and management fully understands the bullishness of the underlying trend here, so CERP will be looking to double down on their proprietary technology and beef up operations accordingly.

Chairman and CEO of CERP, Frederic Scheer, noting the profound significance of this landmark legislation both for the broader industry and his company in particular, underscored to investors how well positioned CERP is to take advantage of the bioplastic resin demand metrics. The company is already hard at work in talks with target nation customers from France, Germany, Italy and Spain, well ahead of the directive’s confirmation. Scheer pegged 2014 for the company’s balance sheet to really show serious revenue impact as a result of all of this, and it now seems clear that with over 20 patents and patent applications (USA and worldwide) on their advanced compostable and biobased bioplastic resin technologies, CERP is a noteworthy contender for gobbling up a good share of the changeover pie as this new EU legislation drops.

For more info visit Cereplast, Inc. at www.Cereplast.com

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Micro Imaging Technology (MMTC) Partners with Northern Michigan University to Advance MIT 1000 Capabilities

Micro Imaging Technology, developer of the patented MIT 1000, an optically based software-driven system that can identify pathogenic bacteria and complete an identification test, has entered into a collaboration agreement with the Northern Michigan University (NMU) Department of Biology to expand MIT 1000 technology application.

MMTC and NMU will work together to use MIT 1000, which can identify pathogenic bacteria in an average three minutes time, to also rapidly and cost-effectively identify and differentiate Staphylococcus aureus(S. aureus) and Methicillin Resistant Staphylococcus aureus (MRSA). 

“Being able to quickly identify if a patient has an S. aureus infection, and whether or not that S. aureus is MRSA, a strain of S. aureus resistant to certain antibiotics would be extremely useful in dictating the proper course of treatment for that patient, and ultimately increase the likelihood of a successful patient outcome,” Dr. Josh S. Sharp, Ph.D., assistant professor at the NMU Department of Biology and director of the NMU portion of the collaborative research, stated in the news release.

MMTC Chief Scientist Dr. David Haavig is the program director of the effort and will lead the company’s team in the collaboration.

“We are extremely pleased to be working with Dr. Sharp and his staff on this project,” said Haavig, who MMCT says was integral to the development of MIT 1000. “We are confident that this collaborative effort will be highly successful and the result of our teamwork and the clinical implications for this technology may very well prove to be immeasurable.”

Scientists from both parties are currently gathering preliminary data and developing collaborative research proposals to obtain funding for further research.

For more information visit www.micro-identification.com

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SunVault Energy (SVLT) Applies to Become a Power Generator for ATCO Electric

October 25, 2013

SunVault Energy, Inc., a prominent supplier of cost effective generation and energy storage to the solar industry, announced today that it has submitted an application to ATCO Electric to interconnect its proposed generation unit to ATCO Electric’s distribution systems. SunVault anticipates the construction of a 500 kW solar electric generation unit with potential growth to 1 MW within a 12-month period. Daystar Technologies, Inc. has been chosen to build the unit, but SunVault will serve as the sole operator and owner of the unit.

Based on current market figures, the Company expects the unit to generate $115.00 of revenue per hour for the hours that the unit is actively supplying electrical energy to the power distribution grid, resulting in approximately $167,000 per year. The potential expansion to 1 MW would double expected revenues to approximately $230 per hour during the hours of energy supply to the grid based on average current market prices. If the unit capacity is boosted to 1 MW, the unit will have fully active energy storage.

“We continue to be optimistic that we will be able to generate stable revenue from this type of unit in the Alberta, Canada market and by participating in the Alberta energy system through interconnection to the grid for the sale of power. We plan to use this unit as way to test and develop our PolyCell™ and All-in-One™ technology platforms. This unit will also provide us with real-world access, data and a key-learning opportunity at the system/architectural level,” commented SunVault President and CEO John Crawford.

SunVault will continue its pursuit of additional opportunities as it fits into the Company mandate and growth plans. Producing on-going revenues while enabling the ability to develop and utilize the Company’s PolyCell™ energy storage, All-in-One™ and Vertical Solar Appliance technology platforms within a real world operating environment is anticipated to accelerate development and enhance existing and future renewable project installations.

For further information, please visit www.sunvaultenergy.com

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Green Automotive Company (GACR) Names Two New Board Members

Green Automotive Company announced earlier today the recruitment of two business leaders, Peter C. Leeds and Carter Read to its Board of Directors.

“We are extremely pleased to add these incredible talents to our company’s board,” stated CEO of Green Automotive Company, Ian Hobday. “Throughout each of their successful careers, both Peter and Carter have demonstrated the highest levels of leadership, vision and sound judgment.”

A well-known businessman, Peter C. Leeds solidified his reputation as a successful promoter and manager of music icons such as Blondie, Roberta Flack, and Les McCann. Following his impressive music industry career, Leeds erected a video production company that subsequently produced The Better Homes and Gardens Idea Notebook for USA Network. In addition he developed a number of financial structures and business arrangements for a number of prominent clients. These have included KULFF Medical and Dr. Robert Jarvic, creator of the Jarvic artificial heart, among many others. Additionally, Peter has served on the board and acted as Vice President for both the Caedmon School and The Juvenile Diabetes Foundation. A major shareholder in GAC, Leeds is an enthusiastic supporter of the automotive industry moving towards zero emission solutions.

With more than three decades of experience in the bus and limousine manufacturing business, Carter Read currently serves as president of Newport Coachworks, a subsidiary of Green Automotive Company. Regarded as an industry trailblazer committed to setting strong standards of product quality, Carter previously led Tiffany Coachworks as its president for 23 years. During his tenure the vehicles were strongly praised for not just their style but reliability and value.

A direct result of Carter’s efforts, Newport Coachworks is currently seen as one of the most innovative bus manufacturing companies in the United States. In a record time of six months, Carter and his team completed tooling for four models of shuttle buses. The company began production by increasing the performance of existing manufacturing technology, delivering products of superior quality designed to fulfill all customer needs. Fully committed to the reduction of pollution and promotion of “green” technologies, Carter and his team are impressively building the first electric shuttle bus to be debuted in 2014.

To learn more please visit, www.thegreenautomotivecompany.com

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Cardium Therapeutics, Inc.’s (CXM) Generx® Addresses Global Cardiac Threat with Revolutionary Potential

Cardium Therapeutics has developed a unique portfolio of businesses and product opportunities in the fields of health sciences and regenerative medicine. Among other opportunities in its portfolio, the company’s lead clinical development product candidate, Generx®, is being developed to treat patients with advanced coronary artery disease (CAD). The market for this disease is tremendous – in 2012, CAD was the most common cause of death in the world, according to the World Health Organization.

While healthy lifestyle changes greatly reduce the risk and prominence of CAD, it remains a significant medical challenge worldwide and is especially an issue in markets where persons with the disease may not have access to healthy lifestyle education or adequate healthcare.

Cardium’s focus is on providing Generx to individuals in international markets outside the United States. The therapeutic candidate is designed as an alternative for patients who may not be candidates for or who don’t have access to the costly and invasive surgical procedures such as coronary artery bypass surgery and angioplasty/stents. In the U.S., these procedures can cost a staggering $50,000-$100,000 over a five-year period following the initial treatment.

Generx is a regenerative medicine therapy that stimulates structural and physiological changes in the heart by promoting the growth of new collateral blood vessels following a significantly less invasive, one-time injection into the heart via standard cardiac infusion catheter. The candidate’s capability to elicit blood vessel growth greatly contrasts with traditional drug therapies that provide relief for anginal chest pain without changing the underlying disease.

Cardium is conducting ASPIRE Phase 3 registration at leading cardiology centers in the Russian Federation to evaluate the therapeutic effects of Generx in patients with myocardial ischemia due to coronary artery disease.

For more information visit www.cardiumthx.com

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MMRGlobal, Inc. (MMRF) Video Chart for Friday, October 25, 2013

The MMRF chart is sitting on a strong support level at 2.5 cents.  The indicators are showing signs of a swing towards bullishness as the 50 day moving average converges with the pps, putting the chart in a position to try and make a strong move.

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

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ARRAYit Corp. (ARYC) Receives Purchase Order from University of California for Life Science Products

ARRAYit, a life science technology company engaged in the development, manufacture and marketing of life science tools and integrated systems, has received from the University of California a $104,000 purchase order for the company’s life science instruments product line.

The University of California is one of the nation’s most prestigious educational and research systems comprising 442,000 students and employees scattered across 10 campuses, and has an investment portfolio of retirement, endowment and cash assets of $78.5 billion.

ARYC said it will book the recent sale to the University of California as revenue and earnings in the current quarter.

In addition to being installed at the University of California, ARYC’s microarray platform is currently installed in 4,000 research centers globally, as well as in numerous leading academic, government, biotech, pharmaceutical and diagnostic companies.

By providing analysis of genetic variation, biological function and diagnostics with inherent versatility, affordability and performance, ARYC is favored among researchers and empowers researchers to manufacture, scan and analyze microarrays prepared from cellular and synthetic DNA, RNA, proteins, peptides, carbohydrates, lipids, small molecules, tissues, whole cells and nanoparticles.

For more information visit www.arrayit.com

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Tonix Pharmaceuticals (TNXP) to Help Raise Fibromyalgia Awareness through Partnership with America Chronic Pain Association

Development-stage specialty pharmaceutical company Tonix Pharmaceuticals Holding Corp. announced it has become a corporate partner of the American Chronic Pain Association (ACPA) as part of that organization’s efforts to raise awareness about fibromyalgia, a syndrome increasingly identified in people who suffer chronic pain and believed to affect around 5 million people in the United States.

Currently, Tonix is developing TNX-102 SL, its lead clinical candidate for treating fibromyalgia and post-traumatic stress disorder. Tonix recently announced the initiation of the BEdtime Sublingual TNX-102 SL as Fibromyalgia Intervention Therapy (BESTFIT) clinical trial – the first of two anticipated pivotal trials for TNX-102 SL 2.8 mg tablets in patients with fibromyalgia.

“We continue to strive to provide the best possible support, education in pain management skills, and resources to those who experience chronic pain in whatever form it takes,” said ACPA Executive Director and FounderPenney Cowan. “Partnerships with companies such as Tonix provide us with an important opportunity to inform consumers about the many elements of multidisciplinary pain management so that they may regain a sense of control in their lives and hope for their future.”

In April 2013, fibromyalgia was selected by the FDA as a disease to focus on for the next two fiscal years. A public meeting will be conducted by the FDA on Dec. 10, 2013 under Patient-Focused Development, an initiative involving acquisition of a better understanding of patients’ perspectives on the severity of the disease and available therapies for the condition. These activities are demonstrative of an increased awareness of fibromyalgia and its impact in the U.S. population.

For more information, visit www.tonixpharma.com or www.theacpa.org

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JetPay Corp. (JTPY) Payroll Services Expands Payroll, Tax Filing and More to Lancaster County, PA

JetPay’s subsidiary, JetPay® Payroll Services, announced today that it is expanding its state-of-the-art payroll, tax filing, and human resource services to businesses in Lancaster County, Pennsylvania. JetPay Payroll will be allocating staff and resources to businesses in Lancaster County, and has expanded its products and services to meet the specific needs of enterprises in that area.

With a 40-year presence in the Lehigh Valley, JetPay Payroll Services (formerly A.D. Computer) has been recognized for its award-winning customer service and innovative technology platform. JetPay has one of the most complete payments platforms in the country with mobile payments, Internet payments, and card-not-present payments, in addition to payroll, human resource and tax-filing services.

Now, as part of the family of companies under the JetPay Corporation banner, the subsidiary has added new products and services to its repertoire, including a human resource product called Workforce Today®, an online program that allows Human Resource personnel to track and manage such activities as job postings, applications, employee benefits, and much more.

The company is now also offering all the conveniences of end-to-end merchant transaction processing and card payment services, which will be offered through its sister company, JetPay Merchant Services.

Nick Antich, founder and CEO of JetPay Payroll Services, remarked, “We have traditionally focused on serving eastern Pennsylvania and western New Jersey where we are well known for our superior customer service and our individualized approach to meeting customers’ requirements. This year we are looking forward to growing our existing Lancaster County client base. We feel that Lancaster County is a perfect fit for us, as we are a local company that understands local business requirements.”

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CytRx (CYTR) to Present Global Phase 2b Clinical Data for Aldoxorubicin at Annual Connective Tissue Oncology Society Meeting

Oncology-focused biopharmaceutical research and development company CytRx Corporation announced it will present additional preliminary data from its Phase 2b clinical trial – demonstrating aldoxorubicin’s potential advantage over doxorubicin in treating soft tissue sarcoma (STS) – at the 18th Annual Connective Tissue Oncology Society (CTOS) Meeting, taking place Thursday, Oct. 31 in the Sheraton New York Times Square Hotel.

CytRx previously reported that patients in the trial who were treated with aldoxorubicin had an overall response rate (ORR) of 22 percent, as opposed to those administered the widely used chemotherapeutic agent doxorubicin, who had an ORR of 0 percent. CytRx plans to report topline data for the global Phase 2 clinical trial in December of this year.

CTOS attracts sarcoma treatment leaders from around the world, making it an ideal forum for CytRx to spread awareness of this data and to also acquaint oncologists with its Phase 3 study in patients with relapsed or refractory soft tissue sarcomas. There have been relatively few discoveries of new sarcoma treatments, particularly when compared with treatments for breast or prostate cancer, but these preliminary clinical results have fueled CytRx’s optimism that aldoxorubicin can fill an important medical need in patients with advanced soft tissue sarcoma.

Soft tissue sarcoma is a cancer that occurs in muscle, fat, blood vessels, tendons, fibrous tissues and connective tissue. There are more than 30 types of STS, and it can arise anywhere in the body at any age. According to the American Cancer Society, more than 10,500 new cases are diagnosed in the U.S. each year.

In addition to its Phase 2b trial for STS, CytRx has received acceptance from the FDA for a protocol to conduct a Phase 2 clinical trial with aldoxorubicin in glioblastoma, a deadly brain cancer that is difficult to treat. The company also plans to conduct a Phase 2 clinical trial in HIV-related Kaposi’s sarcoma.

For more information, visit www.cytrx.com

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Bridgeline Digital, Inc. (BLIN) Debuts New eCommerce Store for National School Supplies Company on the iAPPS Commerce Platform

Bridgeline Digital, Inc. (Nasdaq:BLIN), The Digital Engagement Company™, announced earlier today that a leading provider of both innovative and cost efficient writing supplies for offices, schools and homes has launched their new eCommerce web store on Bridgeline Digital’s iAPPS Commerce platform. Catering to office administrators, teachers and parents, the newly developed web store allows their corporate marketing team to manage and control digital engagement efforts alongside eCommerce strategies in a single, unified framework.

With nationwide eCommerce sales increasing and expected to reach an impressive $262 billion come the end of 2013, the company felt it was crucial to improve the effectiveness of their web store capabilities in order to capitalize on this ever-expanding arena. iAPPS Commerce ensures the writing supplies provider can easily manage initiatives critical to their eCommerce success in areas such as product details, inventory levels, customer relations and account information, shipment tracking, and real-time reporting.

By implementing the award-winning iAPPS platform, the customer is able to increase conversion rates with the user experience offered by iAPPS Commerce, publish and edit web content with iAPPS Content Manager, manage distribution lists and execute local marketing initiatives with iAPPS Marketier, as well as oversee the overall effectiveness of their web strategies through the iAPPS Analyzer.

In addition to the iAPPS’ integrated platform and innovative capabilities, the website development also included a user experience design and custom functionality through the integration of third-party resources such as ERP software and eCommerce customization tools such as MyBuys. Additionally, the Bridgeline developers created a rewards program that automatically offers options for incentives such as promos, coupons, discounts, or free shipping to customers based on purchasing behavior.

“Bridgeline is ecstatic to launch another outstanding eCommerce website that integrates our elite capabilities in Content Management, eMarketing and analytics,” commented Bridgeline’s Chief Executive Officer, Thomas Massie. “This launch is further validation of the iAPPS platform as a premiere solution for all types of companies looking to grow their eCommerce businesses.”

To learn more, please visit www.bridgelinedigital.com

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Marley Coffee (JAMN) Recruits Talented Branding Duo, David Roth and Rick Bacher

June 8, 2013

The sustainably grown, ethically farmed and artisan roasted gourmet coffee company, Marley Coffee, announced today that it has acquired the talented David Roth and Rick Bacher of Get Stirred Up to overlook all branding efforts. They will specifically provide a full suite of design services and brand management efforts. Included in those efforts will be a website redesign and the management of both the company’s in-store and online marketing.

The dynamic duo are well versed in brand strategy and design, each having over 25 years of experience working with both legacy and entrepreneurial brands, as well as additionally creating their own ventures. Roth and Bacher are known for turning everyday commodities into lifestyle desires that convey what’s truly important to targeted demographics. They are particularly notorious for nailing this tactic in the food and beverage categories, addressing unarticulated user needs and developing creative approaches to meet a wide range of industries needs.

“We’re energized by David and Rick’s passion for tapping into those not-so-obvious but incredibly powerful reasons why consumers are drawn to one brand over another, especially in categories where there is so much choice,” commented Rohan Marley, Founder and Chairman of Marley Coffee. He added: “Coffee, like music, is one of those huge and everyday things that almost everyone consumes. When it’s really good quality, it inspires and moves you. And in our case, with Marley Coffee, it also allows you to make a real difference in the world — because of the many different ways we as a business give back to the community. Music was my father’s calling. Coffee is mine. Both are incredibly powerful means towards incredibly powerful ends and Get Stirred Up immediately honed in on that.”

CEO of Marley Coffee, Brent Toevs stated, “I was particularly impressed by the very public acclaim the pair have received by Donnie Deutsch, Katie Couric and various food, beverage and retail industry analysts for their ability to look at the most ordinary, everyday products from a novel, lifestyle perspective and get people excited about buying them.” He added that, “As we’re undergoing such significant expansion right now, it is more critical than ever to bring in this level of support.  Getting products onto the shelves is only half the battle. Getting them off the shelves is the key to real revenue growth and that’s why we’ve turned to Get Stirred Up.” 

“Marley Coffee, whose tagline is serendipitously ‘Stir. It. Up.’, presents us at Get Stirred Up with an unprecedented set of vibrant brand assets to work with,” said Roth. “There’s the Marley name — rich in legacy, Rohan’s inspiration and passion, the ultra-premium quality of the products and the innovative ways to enjoy them — whole or ground beans, RealCup single-serve cups, automated retail, the company’s deep commitment to global social causes, and the huge momentum it is currently experiencing in terms of worldwide awareness and distribution. We’re excited to stir all that up.”

On target to be sold in more than 6,000 locations worldwide, Marley Coffee will go live early this fall. Among other developments, Marley Coffee has also recently inked major distribution deals with Kroger, Office Depot and Market Basket.

For more information on Marley Coffee, please contact sales@marleycoffee.com or visit the Company website at www.marleycoffee.com

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Advanced Photonix (API) Announces New Coherent Receiver Featuring Integrated VOA for High-Capacity 100G Networks

June 7, 2013

Advanced Photonix®, a leading supplier with a broad offering of optoelectronic products to a global customer base, announced today that Picometrix, LLC, a wholly owned subsidiary of API, has introduced a brand new 100G coherent receiver, as well as ramped up its supply chain capacity to meet demand in the swelling market for 100G coherent optical communications market.

This new receiver (CR-100D) is founded on the industry standard CCRx MSA and OIF compliant CR-100A package and enlarges the industry leading Picometrix 100G product family. This cutting edge receiver incorporates a variable optical attenuator (VOA) on the signal path, a feature in line with the design intent to improve optical signal-to-noise ratio (OSNR) performance and amplify dynamic range. The operating range of the CR-100D spans the breadth of the extended C and L band wavelengths and can enable service providers to manage network capacity more effectively through use in “colorless” coherent networks. Colorless capabilities allow communication equipment to utilize any wavelength for any port at the add/drop site. This functionality delivers quicker data throughput and decreased costs per bit transport, two critical concerns in the industry. The CR-100D is offered with or without a VOA.

The demand for 100G coherent equipment has dramatically increased as full motion video, social media, and other bandwidth intensive applications place heavy demands on network infrastructure. Almost every carrier is in the process of, has plans of, deploying 100G systems into the Long Haul and Metro markets throughout the next several years. The striking increase in demand over the past few quarters has worked in concert with supply chain shortages to placed a severe strain on the Company’s ability to meet customer demand. In response to this, API has addressed this sharp increase in demand by working with key suppliers to considerably increase capacity, while lowering costs and providing added value.

“We are excited to add the CR-100D receiver to our 100G product offering and continue to expand our industry leading coherent receiver line,” said Robin Risser, COO for Advanced Photonix, Inc. “I am equally pleased that our team has successfully resolved our supply chain bottlenecks. As a result we are experiencing robust growth in our 100G receiver product platform this quarter and are in a strong position to meet growing market demands.” 

For further information, please visit www.advancedphotonix.com

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Bio-Matrix Scientific Group, Inc.’s (BMSN) RegenBioPharma Responds to FDA Comments for HemaXellerate in Preparation of Clinical Trials

 

Bio-Matrix Scientific subsidiary RegenBioPharma, Inc. today said it has submitted to the U.S. Food and Drug Administration its response to the agency’s comments regarding the company’s IND#15376, which covers the use of HemaXellerate for treatment of immune suppressant resistant aplastic anemia. 

In its response, RegenBioPharma provided new data demonstrating HemaXellerate’s ability to accelerate stem cell recovery after chemotherapeutic injury. While the possibility exists that the FDA may request additional comments, RegenBioPharma said it is confidant in its response as it looks forward to advancing HemaXellerate to clinical trials.

“We are pleased with the responses that we have provided to the FDA and look forward to initiating our clinical trials,” David Koos, chairman and CEO of RegenBioPharma stated in the press release. “Although it is possible that a second round of comments may be issued, we feel this process is extremely useful to creating a clinical trial that is optimized for safety and detection of efficacy.”

HemaXellerate uses cells from the patient’s own fat stem cells to repair and stimulate the hematopoietic stem cells of the bone marrow. Clinical trials of the candidate aim to recruit 10 patients with aplastic anemia that have not shown material signs of improvement under the current the standard of care. If the first round of clinical trials is a success, RegenBioPharma said it will advance to larger efficacy-finding trials and expand applications of the drug to other diseases that would benefit from enhancement of bone marrow stem cells.

For more information visit www.regenbiopharma.com

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ImmunoCellular Therapeutics, Ltd. (IMUC) Completes Interim Analysis of ICT-107 Phase 2 Clinical Trials

ImmunoCellular Therapeutics, a clinical-stage company developing immune-based therapies for the treatment of brain and other cancers, today said that the Data Monitoring Committee (DMC) has completed a pre-specified interim analysis of the ICT-107 phase II clinical trial in patients with newly diagnosed glioblastoma. Furthermore, DMC recommended that the company continue the trial to completion, which the company anticipates will be by year end.

The ICT-107 study is structured so that interim analysis is conducted by the independent DMC after 32 events (patient deaths) are reached – IMUC remains blinded to the actual results and details of the interim analysis as well as to any patient data from the ongoing trial. No additional interim analyses are planned.

“We are pleased with the outcome of the DMC’s interim analysis and look forward to completing the ongoing phase II trial of ICT-107,” Andrew Gengos, ImmunoCellularCEO, stated in the press release. “We have been pleased with the rate of enrollment and appreciate the diligence of the DMC, our trial site collaborators, and our dedicated clinical team in achieving this important milestone in our Company’s progress. The results of this trial will serve as the basis for determining the next clinical and regulatory steps in the development of what we believe is a promising new approach to treating this highly lethal cancer.”

The ICT-107 phase II trial is a randomized, placebo-controlled, double-blind study of ICT-107, a 6-antigen dendritic cell vaccine targeting glioblastoma tumor and cancer stem cell antigens. The phase II trial has been fully enrolled and a total of 124 patients have been randomized at 25 clinical trial sites in the United States. The primary endpoint of the trial is overall survival, while secondary endpoints include progression-free survival, is overall survival, and progression-free survivalat various time intervals, immune response (T cells) and safety.

For more information visit www.imuc.com

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PMX Communities, Inc. (PMXO) Establishes First South American Partner in Rollout of MGIV Gold Machine

PMX Communities, a precious metals incubation company, has entered into a non-disclosure agreement with the company’s first South American partner announcing the continuous global launch of the MGIV gold machine.

Targeting Latin America, PMX said it will first focus the rollout in the country of Peru, which is known for its natural resources. The company also notes the growing gold mining industry in many countries in South America.

“The plan never changes course,” Meris Kott, managing director of PMX Gold Bullion Sales, Inc., stated in the press release. “The company has been in discussions with groups in targeted South American countries where fiebredeloro known as gold fever is part of their cultural identity. Although we recognize the business practice diversity in these countries, PMX hopes with the right associates in specific countries we will build our international footprint methodically and cautiously.”

PMX Gold Bullion Sales is a wholly owned subsidiary of PMX. The company on January 2013 launched the MGIV gold terminal, a specialty gold dispensing machine from which consumers can purchase varying denominations of fine gold bullion bars and coins by using their global credit and debit cards. PMX has an overarching goal of establishing a strong presence in the United States, and says discussions are ongoing regarding the international rollout of further gold terminals in major cities around the globe.

For more information visit www.pmxgold.com                                                

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OTC Markets Group, Inc. (OTCM) Hails New Era as OTCQX® and OTCQB® Conferred “Established Public Market” Status by SEC

OTC Markets Group, which has helped to completely overhaul the OTC space with the OTCQX and OTCQB on their SEC-regulated OTC Link® ATS, has hailed the recent SEC decision to update their compliance and disclosure interpretations (May 16, see Question 139.13) with great pride, as the SEC finally starts to treat the “pinksheets” according to the new relevance paradigm created by the real-time technological proficiency of the burgeoning OTC Link. 

This is the recognition well-earned for having done over a decade’s worth of technology, transactional efficiency, transparency, and regulatory framework upgrades, implemented through OTC Link, which is now larger than the FINRA-controlled OTCBB. The SEC is basically saying with this move that, because FINRA is a registered SRO and regulates/oversees broker-dealers irrespective of the quotation system, and because OTC Link is now a more prominent and accurate real-time index of the market as a whole (applications go through FINRA and both BB/Link require a valid 15c2-11), the decision makes perfect sense, especially considering how 99% of OTCBB eligible securities are already quoted on OTC Link anyways. 

This essentially puts OTCBB in the history books as the torch is passed to a new generation of real-time market transparency and OTCM is already chomping at the bit, eager to spend their clout earned by overhauling the space, with submission of a comment letter to the SEC urging expansion of the relevant Form 13(f) reporting requirements to encompass all equity securities across the entire spectrum of the OTCQX and OTCQB, as well as the OTC Pink marketplace. This move by the SEC is a clear decision to treat these marketplaces as “established public markets” and to take full advantage of their capacity to firmly establish a public market price in equity line financing security registration. 

Today’s traders know the score, there is no question which is the truly 21st century inter-dealer quotation/trading system out of the OTCBB and OTC Link. OTCM knows this and is moving to take the wheel, confident in their proven formula for creating intuitive, easy to interact with, and highly transparent markets. Previously, all three tiers of the OTC Link were looked down on as mere “pinksheets” by SEC personnel, but that era is clearly withering on the vine as the SEC sets a new standard, according OTCQX/OTCQB the proper significance. 

This is great news for many companies who can now use their OTCQX or OTCQB marketplace designation to execute an equity line financing registration statement and are subsequently able to rely on quotes off the OTC Link ATS when establishing a public market price when as they go to raise capital. While the SEC essentially analyzes private equity line financings as indirect primary offerings, this move is a firm recognition of the prevailing demand for the ‘resale’ form of registration sought in such financings and will allow companies to register the ‘resale’ of the securities prior to exercise of the associated put if the transactions meet certain criteria (again, see Question 139.13), thus aligning the transaction more with the state of a primary offering. Basically, the differentiating factor here was the delayed nature of the puts and a lack of risk resulting from a (procedurally intangible) formula price, but the stated criteria and immediacy of the OTC Link ATS itself offers a powerful framework to justify the SEC modification.

 OTC Link gives broker-dealers the power needed to control their trades and counterparties, resulting in highly optimized execution and improved order flow generation, all within a tight FINRA/SEC compliance envelope. 

For more info on OTC Markets Group, Inc. visit www.OTCMarkets.com 

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Telkonet, Inc. (TKOI) Secures $2.0M Credit Line – Provides Flexibility, Capital for Future Projects

 Telkonet, Inc., a developer of energy management technology and the EcoSmart energy management platform featuring Recovery Time™ technology, has been granted a $2.0 million traditional business credit line from San Jose, California-based Bridgebank.

“We are very pleased to have established this banking relationship with Bridgebank as it will provide Telkonet with the necessary flexibility and capital to secure additional revenue projects,” Jason Tienor, CEO of Telkonet, stated in the press release. 

Telkonet noted that historically, many of its energy management projects have required aa clause in which the company was required to contribute cash toward a performance bond from its balance sheet to secure and begin a project. By securing the new line of credit, the company is armed with additional, non-dilutive working capital at a respectable cost and is given the ability to have multiple bonded projects open simultaneously by fulfilling the collateral requirements of the bonded projects.

“Twenty four months ago, we could not even consider the possibility of a traditional credit line to assist in the growth of our business model. However, we’ve been able to sanitize our balance sheet, introduce incredible technology and are now being recognized as a significant solution-provider in the rapidly expanding occupancy-based, energy management industry,”concludedTienor.

For more information visit www.telkonet.com

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MMRGlobal (MMRF) Signs Agreement with WebMD Regarding Patent Suit, Initiates Claims against Allscripts Subsidiary

MMRGlobal subsidiary MyMedicalRecords, Inc., WebMD Health Corp. and WebMD Health Services Group, Inc. (collectively, WebMD) have entered into an agreement to dismiss a patent infringement case filed by MMRF against WebMD in February 2013.

Per the agreement, the case is dismissed without prejudice to re-filing the same case again, which means MMRF retains the right to re-file the litigation at any time. However, the companies will try and resolve the matter without the timing constraints imposed by the lawsuit.

MMRF provides online Personal Health Records (PHRs) and electronic safe deposit box storage solutions for consumers, healthcare professionals, employers, insurance companies, financial institutions, retail pharmacies, and professional organizations and affinity groups. The company’s subsidiary, MyMedicalRecords is built on proprietary, patented technologies by company CEO Robert H. Lorsch.

“As a former arbitrator for the American Arbitration Association, I learned from firsthand experience that resolving disputes privately at a table is always my preferred course of action when compared to spending millions of dollars in legal fees over years in a courtroom. As the inventor of MMR’s health IT patent portfolio, I see this announcement as a positive development for the company,” Lorsch stated in the press release. “The purpose in filing our patents has always been to protect MMR’s constitutional right to own property and sell the products and services which include our patented IP. We hope this will be the first of many similar opportunities to build business relationships at the negotiating table with hospitals, providers, vendors and others who may be infringing on the company’s IP.”

The suit against WebMD is one of several ongoing patent infringement cases filed by MMRF, both domestically and abroad. MMRF has filed similar suits against Jardogs LLC, a subsidiary of Allscripts.

“While we continue to pursue additional licensing opportunities, we remain confident in the value of our seven issued U.S. patents and global patents in 12 countries around the world. MMR remains committed to aggressively leveraging our portfolio of health information technology patents in the marketplace to obtain the highest value for our stockholders, employees and vendors,” Lorsch stated.

For more information visit www.mymedicalrecords.com

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EMCORE Corporation (EMKR) Video Chart for Friday, June 7, 2013

The EMKR chart is forming a double bottom pattern with support at $3.32.  In mid-May, the stock bounced about 30 percent after hitting the support, forming the left side of the pattern.  Green closes on Wednesday and Thursday have the chart looking like the right side of the pattern is starting with resistance at the recent highs around $4.20.

To view the video chart, visit the following link: http://www.missionir.com/videos.html

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StreamTrack, Inc. (STTK) Offers Products, Services with Global Reach

StreamTrack is a digital media and technology services company providing audio and video streaming and advertising services through its RadioLoyalty™ platform – the company’s target market is Internet and terrestrial radio stations, Internet radio guides, and other broadcast content providers worldwide. 

The company is also continuing its development of WatchThis™, a patent-pending technology that will provide Web, mobile and IP television streaming services that are e-commerce enabled within streamed content. 

StreamTrack has established a network of partners that includes more than 1,300 Internet and terrestrial radio stations in the United States, the largest IPTV provider in Asia, and one of the leading Internet radio guides in the United States. The company has also formed an alliance with PPTV, China Mobile Entertainment Holdings, LTD and most recently, One World Media Group,to execute its strategy of offering Internet radio on a global scale. 

StreamTrack’s mission is to equip broadcasters and publishers with the tools necessary to maximize their revenue and decrease, or eliminate their expenses. To fulfill this goal, the company offers an array of solutions ideal for agencies and advertisers, publishers and broadcasters, mobile providers, and developers and partners: video; display advertising; mobile marketing; and virtual currency, such as redeemable loyalty points. 

For more information visit www.streamtrack.com 

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Top Image Systems (NASDAQ: TISA) Files Patent for GlassCapture

One June 6, Top Image Systems, Ltd. announced that the company had filed a patent to the U.S. Patents Office for its product GlassCapture, a product designed to work with Google Glass device. GlassCapture is an application that will allow Google Glass and similar wearable computing devices to capture document images. 

Top Image Systems is focused on developing and marketing systems that allow for managing and validating content entering organizations from various sources in the enterprise space. This is accomplished via transforming information into electronic data using the company’s eFLOW data management system. Top Image Systems has offices in Germany, UK, the U.S, Latin America, Singapore and Japan. 

The company will be presenting a demonstration of the concept for GlassCapture to n audience of Top Image System’s customers during an event on June 6. The event will also mark the launch of the company’s latest version of eFLOW, eFLOW5. 

Isaac Rome, Vice President of Global Banking and Mobile for Top Image Systems, said, “GlassCapture will bring about a paradigm change in how people interact with documents. With this product, the market trend towards empowering the remote workforce will progress dramatically. Once again, TIS illustrates that the successful combination of years of experience and expertise in the document capture space combined with thorough research of the emerging mobile device technologies is an effective synergy that enables us to develop cutting-edge new mobile capture products with real business value.” 

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