FinancialWire™

FDA Approval: Unilife Cleared For Tuberculin Syringe

Editor1 — Thu, 02 Sep 2010 17:03:35 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Unilife Corp. (NASDAQ: UNIS) said that its Unitract Tuberculin Syringe has received 510(k) market clearance from the U.S. Food and Drug Administration. The Unitract TB syringe is a variant of the firm’s Unitract 1mL Insulin Syringe for which Unilife secured FDA clearance earlier this year. Unlike insulin syringes, which are primarily used by people with diabetes, TB syringes are used for the administration of a range of therapeutic drugs and vaccines within acute-care hospitals and other healthcare facilities.

The Unitract range is designed to allow operators to control the speed of passive (automatic) needle retraction directly from the patient's body into the barrel of the syringe where it is locked in place.

According to Unilife, the products are well positioned to help prevent the transmission of blood-borne diseases such as HIV and hepatitis C via needlestick injuries, aerosol dispersal and syringe reuse.

Primary target markets of the products include healthcare facilities, pharmaceutical companies and patients who self-administer prescription medication.

Production of the Unitract 1mL syringe is occurring at Unilife's FDA-registered manufacturing facility in Lewisberry, Pennsylvania.

Pennsylvania-based Unilife is a medical device company focused on the design, development, manufacture and supply of a range of retractable syringes.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

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Oil & Gas News: UNGS Acquires W. Virginia Mineral Rights

Editor1 — Thu, 02 Sep 2010 17:02:26 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — US Natural Gas Corp (OTCBB: UNGS), an energy exploration firm with operations in the Appalachian Basin, said it has acquired one hundred and twenty acres of mineral rights in Wayne County, West Virginia. The acquired mineral rights are located in the Lincoln District, Radnor Quad of Wayne County, West Virginia.

According to US Natural Gas, the parcel of land associated with the mineral rights is surrounded by several highly productive wells drilled to depths of up to 5000 feet. The company said that, to date, there has been no exploration or production on the associated parcel of land.

Florida-based US Natural Gas is principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia.

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IPO Watch: Full Circle Raises $18 Million

Editor1 — Thu, 02 Sep 2010 17:01:09 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Full Circle Capital Corp. (NASDAQ: FULL) has priced its initial public offering of two million shares of common stock at $9 per share, which will result in $18 million of gross proceeds. Ladenburg Thalmann & Co., Inc., a division of Ladenburg Thalmann Financial Services, Inc. (AMEX: LTS), acted as the sole bookrunning manager.

Full Circle said it expects to use the net proceeds of this offering to temporarily reduce outstanding indebtedness under its credit facility, to enable it to fund new investments in portfolio companies and for general corporate purposes.

The offering is subject to customary closing conditions and the shares are expected to be delivered on September 7. Full Circle has also granted the underwriters an option to purchase up to an additional 300,000 shares of common stock to cover over-allotments, if any.

Immediately prior to the pricing of the offering, Full Circle acquired through a series of transactions a portfolio consisting of around $72.3 million of debt and equity investments from two existing private funds, Full Circle Partners, LP and Full Circle Fund, Ltd. in exchange for an aggregate of around four million shares of Full Circle common stock and around $3.4 million of senior unsecured notes issued to the current investors in the Full Circle Partners, LP and Full Circle Fund, Ltd.

Full Circle also assumed around $27.5 million of outstanding debt from Full Circle Partners, LP and Full Circle Fund, Ltd.’s existing credit facilities, in connection with its acquisition of the funds and its entry into a new secured revolving credit facility with FCC, LLC d/b/a First Capital.

New York-based Full Circle Capital is a closed-end investment company that has elected to be treated as a business development company. Full Circle lends to and invests in asset-based senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by smaller and lower middle-market companies that operate in a range of industries.

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Regulation & Compliance: Merriman Out Of NASDAQ Doghouse

Editor1 — Thu, 02 Sep 2010 15:02:22 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Merriman Holdings, Inc. (NASDAQ: MERRD), which was formerly known as Merriman Curhan Ford Group, Inc., said that it has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1 per share. The company said it was notified by NASDAQ on August 30.

California-based Merriman Curhan Ford is a financial services firm that offers investment banking, equity research, institutional services and corporate & venture services.

The firm specializes in the technology, clean tech and consumer, media & internet sectors.

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On The Radar: Ohr Pharmaceutical

Editor1 — Thu, 02 Sep 2010 15:01:03 +0000

September 2, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Healthcare/Biotech company Ohr Pharmaceutical, Inc. (OHRP.OB) (Approx. Market Cap: US$ 9.6 Million) stock closed at $0.27 yesterday on volume of 300 shares, compared to its $0.49 close on June 23, 2010, on volume of 4,500 shares (50 trading sessions ago). OHRP’s 50 day average adjusted close is $0.32. In terms of liquidity, OHRP’s 50-day average daily trading volume is 2,526 shares, with days ranging from zero shares traded to 38,300 shares traded during that 50-day period.

In the last fifty trading sessions OHRP stock has traded as high as $0.50 (intra-day) and as low as $0.15 (intra-day).

Business Week notes OHRP stock’s 52-week high as $1.25 on December 8, 2009, and its 52-week low as $0.14 on September 23, 2009.

Ohr Pharmaceutical engages in the development of drugs for underserved therapeutic needs. The company is developing OHR/AVR118 for the treatment of cachexia, a condition of physical wasting with loss of weight, fat, and lean muscle mass seen in patients with advanced cancer, AIDS, or other chronic and progressive diseases. Ohr is also developing EVIZON for the treatment of wet-AMD, a cause of severe vision loss in people over age 50. The company is based in Salt Lake City, Utah.

Recent OHRP quarterly financials are posted in FinancialWire(tm)’s reference section (at http://www.financialwire.net/2010/09/02/ohrp-qrtrly-financials/), and all of Ohr Pharmaceutical’s EDGAR filings are accessible via the SEC website (at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001173281).

Lead-ins to press releases issued by OHRP since are provided below, and all press releases are accessible via the company’s website (at http://www.ohrpharmaceutical.net/).

04/12/10 – Ohr Pharmaceutical, Inc., announced today that Dr. Irach B. Taraporewala, B.S., M.S., Ph.D., a veteran healthcare executive with lengthy experience in drug development and regulatory strategy, was named chief executive officer, effective immediately.

04/20/10 – Ohr Pharmaceutical, Inc., announced today that it has established its headquarters in New York City. The company was previously based in Salt Lake City on an interim basis. "We are actively developing two later-stage drugs and need a convenient and accessible base of operations closer to our scientists," said chief executive officer Dr. Irach B. Taraporewala. "We look forward to communicating with investors and the biotech community as we progress throughout the clinical trial and commercialization stages."

04/27/10 – Ohr Pharmaceutical, Inc., announced that it has been awarded a new Japanese patent (#4441769) that includes claims related to a method of synthesis for Squalamine, Trodusquemine and related aminosterols, which is used in the development of the company's EVIZON(tm) therapeutic agent for the treatment of Wet-AMD, among other compounds. The patent is titled "Stereoselective Synthesis of 24-Hydroxylated Compounds Useful for the Preparation of Aminosterols, Vitamin D Analogs, and Other Compounds." Ohr was previously granted U.S. and Canadian patent protection for this intellectual property.

06/02/10 – Ohr Pharmaceutical, Inc., today announced that it has been awarded a new U.S. patent (#7,728,157) that includes claims related to a method of synthesis used in the development of the company's EVIZON(tm) therapeutic agent for the treatment of Wet-AMD, among other compounds. The patent is titled "Regioselective and Stereoselective Oxidation of Fused Ring Systems Useful for the Preparation of Aminosterols." This is the first patent issued for this intellectual property and it expires in 2023.

8/13/10 — The company’s quarterly report (for the period ending 6/30/10) was issued.

8/19/10 — EDGAR Online quarterly financials posted. (Also posted at http://www.financialwire.net/2010/09/02/ohrp-qrtrly-financials/) All filings accessible via the SEC website (at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001173281).

Financialwire(tm)’s “On The Radar” news beat features fundamentals-supported articles about lesser-capitalized public companies that are newly-listed and/or are making efforts toward being recognized. FinancialWire(tm)’s primary criteria for presenting these news articles includes avoiding hyperbole and including references to material information, in order to better serve shareholders and investors. FinancialWire(tm) is not compensated in any way by subject companies and/or any representatives of subject companies.

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Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information). Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

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Real Estate Watch: ProGreen Hires Audit Firm

Editor1 — Thu, 02 Sep 2010 14:29:47 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ProGreen Properties, Inc.’s (OTCBB: PGEI) board of directors has approved the appointment of Baker Tilly Virchow Krause, LLP as the firm’s independent registered public accounting firm for the company's fiscal year ending April 30, 2011.

Michigan-based ProGreen Properties is engaged in the business of acquiring, refurbishing and upgrading potential income-producing residential real estate. ProGreen said it believes that Michigan offers some of the best investment opportunities in the presently distressed US property market.

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IT & Healthcare: Allscripts Closes Eclipsys Acquisition

Editor1 — Thu, 02 Sep 2010 14:28:56 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Allscripts (NASDAQ: MDRX) has closed the merger of Allscripts-Misys Healthcare Solutions, Inc. with Eclipsys Corp. The combined company, Allscripts Healthcare Solutions, Inc., launches with a focus on enabling healthcare providers nationwide to collaborate through connected healthcare communities.

The post-merger Allscripts will be focused exclusively on healthcare information technology. The firm has more than 5,500 employees and combined 2009 pro forma revenues of around $1.2 billion. The company boasts a client base of 180,000 physicians, 1,500 hospitals and 10,000 nursing homes, homecare agencies and other post-acute organizations.

The company addresses the widespread lack of information connectivity in the U.S. healthcare system –– which makes it difficult for providers in hospitals, physician offices, nursing homes and other care settings to access and share information that is important to delivering patient care.

Illinois-based Allscripts offers clinical, financial, connectivity and information solutions for hospitals, physicians and post-acute organizations.

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Retail Partnerships: Amerigon Inks Mattress Firm Agreement

Editor1 — Thu, 02 Sep 2010 14:27:44 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Amerigon, Inc. (NASDAQ: ARGN), a developer of products based on thermoelectric technologies, said that it has signed a three-year, exclusive agreement with Mattress Firm, Inc. providing Mattress Firm the rights to market throughout the continental U.S. a suite of actively heated and cooled luxury mattresses using Amerigon's TE technology.

The mattress, which will provide individual controls to actively heat and cool each side of the mattress independently, is scheduled to be introduced this fall, according to Amerigon.

Texas-based Mattress Firm is a specialty mattress retailer with more than 580 locations across 22 states.

Michigan-based Amerigon develops products based on its proprietary thermoelectric technologies for a range of global markets and heating and cooling applications.

The company's current principal product is its proprietary Climate Control Seat system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats.

Amerigon maintains sales and technical support centers in Southern California, Southeast Michigan, Japan, Germany, England and Korea.

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Business Re-structuring: Premier Financial To Merge Five Banks

Editor1 — Thu, 02 Sep 2010 14:26:32 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Premier Financial Bancorp, Inc. (NASDAQ: PFBI), a West Virginia-based bank holding company with eight bank subsidiaries, said that it has filed applications with state and federal banking regulatory authorities to merge its three wholly owned West Virginia banks and two other subsidiary banks.

The combined entity will form a nearly $800 million West Virginia chartered bank with 22 locations in West Virginia, Virginia, Washington, DC and Maryland.

Premier president and CEO Robert W. Walker said that, “…in current economic and banking environment, size and resources matter.

He said that by combining the five franchises into one, the bank’s customers will benefit from the greater network of locations and the increase in the lending limit of the combined bank.

Premier said it has filed applications with the Federal Deposit Insurance Corp., the West Virginia Board of Banking and Financial Institutions, the Virginia State Corporation Commission Bureau of Financial Institutions, the District of Columbia Department of Insurance Securities and Banking and the Maryland Commission of Financial Regulation.

If approved by the regulatory authorities, Premier will merge Boone County Bank, headquartered in Madison, West Virginia; First Central Bank, headquartered in Philippi, West Virginia; Traders Bank, Inc., headquartered in Ravenswood, West Virginia; Adams National Bank, headquartered in Washington, DC and Consolidated Bank and Trust, headquartered in Richmond, Virginia.

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Stock Splits: Medisafe To Up Common Shares 1-For-5

Editor1 — Thu, 02 Sep 2010 13:05:02 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Medisafe 1 Technologies Corp. (OTC: MFTH) said it will be issuing and completing a stock dividend on its common shares of one-for-five.

The company said it anticipates the stock dividend will be payable on or about September 20 to the shareholders of record on September 17, and is subject to FINRA approval.

When the stock dividend becomes effective, shareholders of each one restricted stock will receive an additional four shares of restricted stock and each shareholder of one unrestricted stock will receive an additional four shares of unrestricted stock.

Medisafe 1 Technologies currently has 10 million shares outstanding. The issuance of the dividend will increase the total shares outstanding to 50 million.

The company said it expects that the decision will improve liquidity and trading volume in Medisafe stock.

Israel-based Medisafe 1 Technologies develops technologies meant to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle.

Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

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Dividends News: Mac-Gray To Pay 5 Cents Per Share

Editor1 — Thu, 02 Sep 2010 13:04:45 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — The board of directors of Mac-Gray Corp. (NYSE: TUC ) has declared a quarterly dividend of $0.05 per share on the company's common stock, payable on October 1, 2010, to stockholders of record at the close of business on September 15, 2010.

Massachusetts-based Mac-Gray derives its revenue principally through the contracting of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes.

Mac-Gray manages around 88,000 laundry rooms located in 43 states and the District of Columbia. The firm also sells and services commercial laundry equipment to retail laundromats and other customers through its product sales division.

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C-Level: Chan Named CFO At China Interactive Education

Editor1 — Thu, 02 Sep 2010 13:02:23 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Interactive Education, Inc., (OTCBB: CIVN) said it has named Hon Wan Chan as the firm’s chief financial officer, replacing former CFO Ting Pong Cheung, who left the company on August 31 for personal reasons.

Prior to joining China Interactive, Chan served as CFO of Sino Clean Energy (NASDAQ: SCEI), as a finance director and as a business director for Texwood Group, Inc., a Hong Kong-based clothing manufacturer, and as a financial controller of Fairwood Fast Food Ltd.

China-based China Interactive Education provides interactive teaching and learning solutions to China's educational institutions, professional training schools, and individuals.

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Biotech Companies: Eastland Named CFO At Oncothyreon

Editor1 — Thu, 02 Sep 2010 13:01:00 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Oncothyreon, Inc. (NASDAQ: ONTY) has appointed Julie M. Eastland as chief financial officer and VP of corporate development. Eastland's responsibilities will include financial management, investor relations and business development.

Eastland formerly served as CFO and VP of finance and operations of VLST Corporation, a privately-held biotechnology firm, from February 2006 to 2010. From 2000 to 2005, she held various finance positions at Dendreon Corp. (NASDAQ: DNDN), most recently as the VP of strategic planning.

Washington-based Oncothyreon is a biotechnology company specializing in the development of innovative therapeutic products for the treatment of cancer.

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Holdings Companies: Becker Named President of SVB

Editor1 — Thu, 02 Sep 2010 13:00:36 +0000

September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — SVB Financial Group (NASDAQ: SIVB) has promoted Greg Becker to president of SVB Financial Group, the parent company of Silicon Valley Bank. Becker will remain president of Silicon Valley Bank, a position he has held since 2008. Ken Wilcox will remain chief executive officer of SVB Financial Group and Silicon Valley Bank.

As president of Silicon Valley Bank, Becker has led SVB's efforts to continue to address the needs of startups, growing companies and venture capital firms in the technology sector, among other duties.

The company said that, in his new position, Becker will continue to play an active role in designing and executing the bank's strategy while also participating more actively in SVB's activities outside the commercial bank.

Becker has held numerous leadership roles in 17 years with SVB. Before becoming president of Silicon Valley Bank, he served as chief operating officer and chief banking officer, responsible for leading the commercial bank's sales and operational efforts in the company's 26 offices nationwide.

Prior to his role as chief banking officer, Becker led the company's Venture Capital Group, where he was responsible for building relationships with and investing in venture capital and private equity firms across the U.S.

California-based SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries.

The Group operates through 26 offices in the U.S. and five internationally in China, India, Israel and the United Kingdom.

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Moving Markets: NYSE-AMEX-NASDAQ Volume Leaders

Editor1 — Thu, 02 Sep 2010 12:59:17 +0000

- Streaming Research Special -

September 2, 2010 (FinancialWire) (Summary of September 1, 2010’s Session) — Last session’s most actives showed 23 advancers versus 2 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456), the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652), Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619) and General Electric Co. (NYSE: GE) (streaming research for GE available at http://investrend.stocksmart.com/ri/toc?tid=8030).

Also see the daily FirstAlert(tm) Digest (at http://www.financialwire.net/news-alerts/) for daily streaming research, earnings listings and other daily posts of interest.

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Blog Watch: Naked Shorting Will Cause U.S. Exchange Exodus

Editor1 — Thu, 02 Sep 2010 12:00:01 +0000

– Editorial Market Commentary –

September 2, 2010 (FinancialWire) (Investrend Forums Syndicate) (By Bud Burrell) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) – Last week, an important online news service released an article that should send shockwaves into our public markets. In very curt form, the article chronicles the many abuses of U.S. public companies by short selling manipulators, particularly through naked short selling and regular and derivative based synthetic shorting. By implication, the article recites the sheer embarrassing ineffectiveness of our regulators, who are engaged in a pattern of systematic conflicts of interest with revolving doors that are a major disgrace to our own government.

Note the following August 23, 2010, article from Live Trading News International:

‘Naked Short Selling Dominates the Markets’

“Naked Short Selling now dominates the OTC markets, having been blamed by most for monumental collapses during the financial crisis, the SEC attempted to, but failed to control the process.

“Naked Short Sellers focus in companies they feel are ‘destroyable’ normally this is a company that uses their market to raise capital, the case of many Pink Sheet and OTC businesses, so it is no surprise to see that naked shorting is at an all time high.

“The Naked Short Sellers move in removing any chance of small companies gaining access to any form of reasonable funding by selling the stock short, effectively increasing the float, and using the basic rules of supply and demand changing the very nature of the company’s market and market price.

“Many of the positive runs forward of small companies in the last 6 months have been destroyed by short sellers, when in the past the small companies could have taken advantage of improved market valuation, raised funds and moved their business models to the next level.

“The chances of a small company now making it out of the woods on to a main board are limited at best.

“Naked short selling was clearly the end of great companies like Lehman and Bear Stearns.

“If you have any doubts, you should take a look at websites such as FailsToDeiver (http://failstodeliver.com/).”

I am not alone in this opinion, and U.S. companies are going to consider leaving the U.S. with the wholesale abuse. Foreign exchanges with firm 3 day settlement or improved DVP procedures challenging manipulators are going to be rewarded with U.S. listings from U.S. listed companies withdrawing from U.S. markets. The conventional wisdom that only small companies without merit would be challenged has been proven grotesquely false.

If you could know that your purchase and sales would be cleared and settled in real time with no manipulation risk, would you settle for less? If U.S. companies leave the U.S. markets, how far away will it be before U.S. investors do the same? U.S. Courts have ruled that when an investor owns a share of stock, it does not reflect an actual equity ownership interest, but rather nothing more than a securities entitlement. That is the kind of arrogant disgrace that will drive U.S. investors to give up on U.S. brokers and U.S. exchanges.

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Source: Investrend Weblogs (http://www.investrendweblogs.net/bburrell/).

(Go to http://www.financialwire.net/?s=brrllbby for other recent commentaries by Bud Burrell.)

Bud Burrell’s experience spans a diverse spectrum, including service with the U.S. Military in the Special Forces, as a Finance Officer and as a Project Finance & Accounting Officer. Burrell also pursued studies in fine arts, the Renaissance, Russian history, and Chinese culture. Following years of working on Wall Street, he worked with specialty and derivative money management consulting and research and development in IT and AI. Since then, Burrell has worked globally with major development stage companies from the IT, energy, alternative energy, bio-pharma, and general technology arenas, as well as on counterfeiting and financial fraud scandals.

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USFDA Approval: BioMarin Gains Ground On Pompe Disease

Editor1 — Wed, 01 Sep 2010 12:02:02 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — BioMarin Pharmaceutical, Inc. (NASDAQ: BMRN) said that it has received orphan drug designation from the U.S. Food and Drug Administration for BMN-701, a novel fusion of insulin-like growth factor 2 and alpha glucosidase in development for the treatment of Pompe disease. According to the company, an investigational new drug application for BMN-701 has been submitted, investigational material has been manufactured and a Phase I/II study is scheduled to start in the first quarter of 2011.

Pompe disease, a lysosomal storage disorder, is a progressive degenerative disease of the heart muscle, diaphragm and skeletal muscle. It is caused by a deficiency in the lysosomal enzyme acid alpha glucosidase which leads to the accumulation of glycogen in myocyte lysosomes and results in cell death. The incidence is one in 40,000 births.

California-based BioMarin develops and commercializes biopharmaceuticals for serious diseases and medical conditions. The company's product portfolio comprises four approved products and multiple clinical and pre-clinical product candidates.

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Mortgage Lending: PrimeSource Opens New Office In Washington

Editor1 — Wed, 01 Sep 2010 12:01:55 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — PrimeSource Mortgage, Inc., a mortgage brokerage and banking firm and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) said it has opened a new office in Spokane, Washington. This marks the first PrimeSource Mortgage office in the state of Washington. PSMI is currently licensed in 17 states, and has more than 30 branch offices across the United States.

New Mexico-based PSM Holdings, through its wholly owned subsidiary, PrimeSource Mortgage, provides mortgage brokerage and banking services across the United States.

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Mining Industry: Mercator Buys Turbine For Mineral Park Project

Editor1 — Wed, 01 Sep 2010 12:00:34 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Mercator Minerals, Ltd. (TSX: ML) (OTC: MLKKF) said that its Bluefish Energy Corp. subsidiary has entered into a contract to purchase a LM6000 PF Sprint Gas Turbine from GE Packaged Power, Inc. The turbine will supply power for Phase II at the firm’s Mineral Park project and is scheduled for delivery at the end of November 2010.

According to Mercator, the gas turbine has a design capacity of 35 MW against the overall requirements of the Phase II operation at 50,000 tons per day of 57 MW. Mineral Park currently purchases around 25 MW from the grid. The turbine is scheduled to be fully operational by the end of the first quarter of 2011.

Bluefish has executed a committed term sheet with Trafigura AG to provide the equipment financing on a non recourse basis, secured by its assets, in the amount of US$21 million over a term of seven years.

Concurrent with Bluefish securing the financing for the purchase of the gas turbine, Mineral Park has entered into a long term off-take contract with Trafigura for annual volumes of 70,000 dry metric tons of copper concentrate over a term of seven years. Delivery conditions will provide material savings on freight, smelting and refining costs when sold to domestic outlets.

Canada-based Mercator Minerals is a mining company that has brought a mill expansion at the Mineral Park Mine, a copper-moly mining-milling operation in North America, to production.

Mercator management is focused on maximizing profits at the Mineral Park Mine and the development of the El Pilar copper project in Mexico.

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Communications & Media: Rentrak, Gravitas Ventures Ink Contract

Editor1 — Wed, 01 Sep 2010 11:59:53 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Rentrak Corp. (NASDAQ: RENT), a media measurement firm serving the advertising and entertainment industries, said that it has entered into an agreement to provide Gravitas Ventures, an aggregator of movie-on-demand content, with measurement services through Rentrak's OnDemand Essentials product.

According to Rentrak, the OnDemand Essentials tracking and measurement service will allow Gravitas Ventures to measure and report on-demand transactions for feature films and event presentations packaged and distributed to cable, telco and satellite video-on-demand distributors.

The product is an extension of Rentrak's Essentials suite of business intelligence products customized for the entertainment industry.

OnDemand Essentials clients have web browser-based access to on-demand consumer usage data at various access levels based on business and privacy rules. Gravitas Ventures specializes in the aggregation of entertainment content for worldwide distribution via established and evolving platforms in the cable Video-on-Demand, broadband, mobile and airline/hospitality industries.

Oregon-based Rentrak is a digital media measurement and research company, with a reach across platforms including box office, home entertainment, video on demand and linear television, broadband and mobile.

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Biotech Support: ThermoGenesis Sells Systems To Taiwanese Company

Editor1 — Wed, 01 Sep 2010 11:58:55 +0000

September 1, 2010 (FinancialWire) — ThermoGenesis Corp. (NASDAQ: KOOLD), a supplier of products and services that process and store adult stem cells, said it has sold two of its BioArchive Systems to Taiwan-based HealthBanks Biotech Co., Ltd.

According to ThermoGenesis, HealthBanks, which operates cord blood banks in Taiwan, Hong Kong, Thailand and the U.S., now has a total of 20 BioArchives and a storage capacity for cryopreserving and archiving cord blood stem cells of 60,000 units.

HealthBanks also utilizes ThermoGenesis' AXP AutoXpress Platform, an automated device used for the processing of cord blood.

California-based ThermoGenesis is engaged in developing and manufacturing automated blood processing systems and disposable products that enable the manufacture, preservation and delivery of cell and tissue therapy products.

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Oil & Gas: Global Industries Wins $90 Million Brazil Project

Editor1 — Wed, 01 Sep 2010 11:57:42 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Global Industries, Ltd. (NASDAQ: GLBL) said that its Brazilian business unit (Global Industries Brasil) has been awarded a project for design, engineering, procurement, fabrication, installation and pre-commissioning to be performed in the Northeast region of Brazil.

The project, worth around US$ 90 million according to Global, will be mainly performed by the DLB Iroquois, a pipelay and offshore construction vessel, with the support of a diving vessel. Engineering, procurement, and fabrication for the project will begin in Q4 2010, with execution of the project beginning in 2011.

Louisiana-based Global Industries provides offshore construction, engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.

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Business Expansion: Westlake Chemical To Build Louisiana Plant

Editor1 — Wed, 01 Sep 2010 11:56:33 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Westlake Chemical Corp. (NYSE: WLK) said that it is proceeding with the construction of a new chlor-alkali plant to be located at its vinyls manufacturing complex in Geismar, Louisiana.

According to Westlake, the new unit should produce 250,000 electrochemical units annually, bringing the company's total estimated ECU capacity upon completion to 525,000 per year.

The construction costs for this chlor-alkali facility are estimated to range between $250 million and $300 million. The project is targeted for start-up in the second half of 2013 and will be partially funded by the Gulf Opportunity Zone bonds issued by the company.

Westlake expects that the plant will create around 100 permanent positions and 400 to 500 construction jobs. The new unit will be adjacent to the existing vinyl chloride monomer and polyvinyl chloride facilities at the Geismar complex.

Texas-based Westlake Chemical is a manufacturer and supplier of petrochemicals, polymers and fabricated products.

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Buybacks: Adama Authorizes 20 Million Share Repurchase

Editor1 — Wed, 01 Sep 2010 11:55:39 +0000

September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Adama Technologies Corp.’s (OTCBB: ADAC) board of directors has authorized the company to repurchase up to 20 million shares of the company's common stock at a price of up to $0.035 per share.

The share repurchases will be made through the open market through unsolicited or solicited privately negotiated transactions.

Adama said that the purchases will be funded with the company's available cash and a bridge loan, should it become necessary to secure this type of loan.

New York-based Adama is a Brownfield remediation firm that treats various metals within the Resource and Recovery Act and Universal Treatment Standards.

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Joe Duarte: Short Sellers & Scared Bulls Run To The Hills

Editor1 — Wed, 01 Sep 2010 10:02:01 +0000

- Market Insight – Technical Commentary -

September 1, 2010 (FinancialWire) (By Dr. Joe Duarte) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Google, Inc. (NASDAQ: GOOG) is trying to find a bottom near 450 while the S&P 500 SPDR ETF (AMEX: SPY) hugs the 105 area, which corresponds to the key 1050 pivot point on the S&P 500 Index (SPX). The problem for all stocks, though, is that there is hardly any volume left in this market.

The economy looks terrible. The stock market looks ready to topple. Yet, short sellers, investors that attempt to make money when markets fall have decreased their participation in the market raising questions about where things really stand.

According to The Wall Street Journal: "Since this spring, short positions on the broad Standard & Poor's 500-share index have hovered around 4.3% of the shares available, according to Bespoke Investment Group. That is a steep drop from August 2008, when roughly 6% of shares on float were short, Bespoke found. In order to short a stock, a trader borrows a share and sells it, hoping to repurchase the stock at a lower price to make a profit. More interesting is the fact that Short interest in the S&P SmallCap 600 index is currently around 8.3%, down from roughly 15% in August 2008."

That says two things. One is that short sellers have no interest in taking chances on big stocks falling. But even the more speculative and potentially more profitable fall in thinly traded small stocks doesn't seem to be attractive in this market.

According to the report: "It is hard to pinpoint exactly why short selling has dropped out of vogue. Uncertainty over the economic recovery is likely the predominant factor. Others often cite questions over the implications of the coming midterm congressional elections." However, many seem to be citing the election as a reason to reduce exposure to the markets.

More than anything, it may be fatigue, as the market changes direction on a nearly daily basis. And the fatigue may be spreading, as Monday was the lowest volume day of trading on Wall Street for the whole year.

Here is a telling quote from the article: “There's a complete lack of interest from investors on either side," Mr. Hickey said. "It's kind of concerning. At least when there's short interest increasing during periods of market weakness, you have activity by investors. Right now, they're just apathetic.”

If you're looking for a silver lining, consider this. Mark Hulbert, the newsletter tracking guru recently noted: "Cheer up, beleaguered stock market investors! Corporate insiders have cut back on the pace of their selling of shares of their companies' stock — and increased the pace of their buying. They, therefore, are betting the market will soon rally. In fact, insiders' behavior at the end of August was more bullish than at any time since late March and early April of 2009, when the bull market was just three weeks old."

Hulbert also recently noted that in the short term timing newsletters he follows, the recommended allocation to stocks has fallen dramatically; "more than 54 percentage points in a little more than two weeks' time," adding "That should be enough pessimism to support a rally."

Are we near a significant buying opportunity in the stock market? Two interesting metrics suggest that maybe we are. One is the fact that short sellers seem to have given up. The other is that pessimism by market timers is rising and that corporate insiders are starting to see longer term buying opportunities.

The gloom is clearly thickening everywhere. We've noticed a significant drop in highway traffic over the last few days, and some of our usual haunts, such as drive-thru windows at Starbucks restaurants have been nearly empty of late.

It's pretty clear that things are bad, or that people think that things are bad, and that more and more of us are keeping our wallets in our pockets.

The real question is whether this is going to turn into a paralysis for the markets and the economy, or whether this is the prelude before a big move in the stock market.

Traditional sentiment analysis seems to be saying that a rally is near. Yet, traditional things seem to have stopped working in this market. All we can do is watch and wait.

(Go to http://www.financialwire.net/?s=joe+duarte to see more commentaries by Dr. Joe Duarte, and go to http://www.financialwire.net/2010/04/22/about-duarte/ for more about Dr. Duarte.)

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FirstAlert(tm) Digest 9/1/10: Higher Highs Ahead For Newmont Mining

Editor1 — Wed, 01 Sep 2010 10:01:07 +0000

- Technical Market Commentary -

September 1, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of Newmont Mining Corp. (NYSE: NEM) are closing-in on their all-time high of $61.93, reached back on July 9 of this year.

On Monday, August 30, Newmont closed above an important resistance level, at $59.91, setting up the run for new highs.

With bullion in rally mode it looks like a breakout is in the cards for this widely traded mining stock.

If Newmont Mining does break out to new closing highs, the initial target for the advance is at $65.84. If surpassed the target will be $68.99. That target is 12.5% above the August 31 close.

(Go to http://www.financialwire.net/2010/04/22/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby+cmmtry for more of Kollar’s commentaries.)

**Today’s FirstAlert(tm) is brought to you by ShareIntel(r) Shareholder Intelligence Services (see below).**

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, AMEX and NASDAQ 25 most actives and combined NYSE, AMEX and NASDAQ greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Last session’s most actives showed 9 advancers versus 16 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456), the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619), the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for QQQQ available at http://investrend.stocksmart.com/ri/toc?tid=1044870), Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652), General Electric Co. (NYSE: GE) (streaming research for GE available at http://investrend.stocksmart.com/ri/toc?tid=8030) and Oracle Corp. (NASDAQ: ORCL) (streaming research for ORCL available at http://investrend.stocksmart.com/ri/toc?tid=5252).

The FirstAlert(tm) Economics Calendar lists ADP employment report for August (8:15 a.m.), construction spending for July (10 a.m.), ISM Index for August (10 a.m.0, EIA petroleum inventories (10:30 a.m.), auto sales for August.

The FirstAlert(tm) Events Calendar showcases CQP, KMP at UBS MLP One-on-One Conference; GE, LMT, UTX, TYC at Morgan Stanley Global Industrials Conference.

The FirstAlert(tm) Earnings Calendar highlights Borders Group, Inc. (BGP) Q2 2010 earnings release and conference call.

FirstAlert(tm) Website of the Day: http://www.dol.gov/opa/aboutdol/laborday.htm

Quote of the Day: "If love is the answer, could you please rephrase the question?" — Lily Tomlin

Word of the Day: beek \BEEK\, verb: 1. To bask or warm in the sunshine or before a fire. 2. (Of wood) to season by exposure to heat.

In context: "Galen, you and the lads go beek yourselves by fireside." — Deborah MacGillivray, One Snowy Knight

(Beek is related to the same Middle English root that results in bake.)

Today is: Calendar Adjustment Day

Happy Birthday: Edgar Rice Burroughs

Today in History: In Reykjavík, Iceland, in 1972, American Bobby Fischer beat Russian Boris Spassky and became the world chess champion.

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**FirstAlert(tm) is underwritten by Investrend Communications. Today’s Investrend featured partner is ShareIntel(r) Shareholder Intelligence Services – Manage Wall Street. Don’t allow Wall Street to manage your company. Know who’s holding, buying and selling your company’s stock. Don’t “fly blind.” Know who’s buying your competitors’ stock. Don’t miss opportunities. The publicly-traded market offers great potential rewards, but those rewards don’t come easily. Today’s market landscape is tougher to navigate than ever before − and it’s simply a fact that numerous companies do not survive. That fact is even more true for lesser-capitalized and development-stage public companies. The ShareIntel(r) program provides concrete, actionable solutions that give such companies an immediate and formidable competitive advantage. Without liquidity and a properly-valued, protected share price, a public company is enjoying none of the benefits of being a public company while still having to do all the work of being a public company. That’s the bottom line: Liquidity. And a properly-valued, protected share price. ShareIntel(r) suite of solutions gives a public company what it needs to accomplish those key objectives − and to thrive, instead of just survive. For more information write to resources@investrend.com with “ShareIntel” in the subject line.

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FirstAlert(tm), published exclusively by FinancialWire(tm), was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend or of FinancialWire(tm).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” webpage (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

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New OTCBB Listing: China SheSays Medical Cosmetology

Editor1 — Wed, 01 Sep 2010 09:02:55 +0000

September 1, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — China SheSays Medical Cosmetology, Inc. (CSAY.OB), a cometic medical treatment integration company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 27, trading in units of 100.

From China SheSays Medical Cosmetology’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“Sichuan SHESAYS Cosmetology Hospital Co., Ltd. (“SHESAYS”) was established in May 2005 with the registered capital of approximately US $1 million. Over the past five years, we have become one of the fastest growing cosmetology businesses in China and one of the most well-known cosmetology hospital chains in Sichuan province. Currently, the headquarters of SHESAYS has 188 employees, occupying the business area of approximately 43.056 square feet and receiving more than 20,000 patients each year.

“Under the direct regulation of Health Department of Sichuan Province, SHESAYS is a specialized cosmetology hospital integrating medical treatment and teaching, which is jointly founded by prestigious Chinese plastic surgery experts, cosmetic dermatologists, cosmetic dental specialists and beauty experts in Chinese medicine under the support of Medical Aesthetics and Cosmetology Society of Chinese Medical Association, Society of Aesthetic and Plastic Surgeons of Chinese Medical Doctor Association, Medical Cosmetology Commission of Chinese Association of the Integration of Traditional and Western Medicine, as well as Chinese Medical Association, Sichuan Branch. At present, we have core clinical departments and rooms such as cosmetic surgery, cosmetic dermatology, cosmetic dentistry, cosmetic Traditional Chinese Medicine (“TCM”). Services include cosmetic plastic surgery, skin care, oral beauty and cosmetic TCM.

“Headquartered in Chengdu, Sichuan province, P.R. China, SHESAYS aims to expand its business outside of Sichuan province. SHESAYS founded three new outpatient department branches in Yibin, Leshan and Zigong City, Sichuan province respectively, and is planning to set up in Chengdu the second flagship store consisting of a comprehensive cosmetology hospital.

“During the fiscal year ended December 31, 2009, we generated revenues of $8,834,673 and achieved a net income attributable to SHESAYS of US $1,766,442, which represents a growth of 98% and 27,517% respectively compared to the previous fiscal year. This increase is attributed to our increased and expanded sale to the existing and new customers in 2009. Our sales network has been expanded quickly and our client base has been enlarged tremendously. During the six months ended June 30, 2010 we had revenues of $6,012,675 as compared to revenues of $4,417,250 during the six months ended June 30, 2009, an increase of $1,595,425, or 36%, and we had net income attributable to SHESAYS in the amount of $1,463,774 for the six months ended June 30, 2010, as compared with $1,485,095 during the six months ended June 30, 2009.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

The OTC Bulletin Board (OTCBB) provides access to more than 3,300 securities. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).

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New OTCBB Listing: Entech Solar

Editor1 — Wed, 01 Sep 2010 09:01:32 +0000

September 1, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — Entech Solar, Inc. (ENSLR.OB), an alternative energy company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 25, trading in units of 100.

From Entech Solar’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“Presently, with no further financing, we anticipate to run out of funds at the end of 2010. If we are unable to raise additional financing, we could be required to further reduce our spending plans, further reduce our workforce, license our others products or technologies that we would otherwise seek to commercialize ourselves and/or sell certain assets. We may even be forced to discontinue operations. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

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Moving Markets: NYSE-AMEX-NASDAQ Volume Leaders

Editor1 — Wed, 01 Sep 2010 09:00:02 +0000

- Streaming Research Special -

September 1, 2010 (FinancialWire) (Summary of August 31, 2010’s Session) — Last session’s most actives showed 9 advancers versus 16 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456), the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619), the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for QQQQ available at http://investrend.stocksmart.com/ri/toc?tid=1044870), Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652), General Electric Co. (NYSE: GE) (streaming research for GE available at http://investrend.stocksmart.com/ri/toc?tid=8030) and Oracle Corp. (NASDAQ: ORCL) (streaming research for ORCL available at http://investrend.stocksmart.com/ri/toc?tid=5252).

Also see the daily FirstAlert(tm) Digest (at http://www.financialwire.net/news-alerts/) for daily streaming research, earnings listings and other daily posts of interest.

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Oil & Gas: Gran Tierra Closes Brazil Deal

Editor1 — Tue, 31 Aug 2010 13:02:19 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Gran Tierra Energy, Inc. (AMEX: GTE) (TSX: GTE) said that it has finalized an agreement with Alvorada Petroleo S.A., under which Gran Tierra Energy will pay $22.6 million and fulfill certain commitments, including in part, the drilling of 2 wells in 2011, to receive a 70% working interest in Blocks REC-T-129, -142, -155 and -224 in the on-shore Reconcavo Basin, Brazil. According to Grand Tierra, the transaction is subject to the firm obtaining the customary regulatory approval from Brazil's Agencia Nacional de Petroleo Gas Natural e Biocombustiveis.

Dana Coffield, CEO of Gran Tierra Energy, said, "This farm-in opportunity presents Gran Tierra Energy with a solid entry-point into Brazil, with new light oil reserves, production and exploration upside, including near-term drilling opportunities."

Canada-based Gran Tierra Energy is an oil and gas exploration and production company operating in South America. The firm holds interests in producing and prospective properties in Argentina, Colombia, Peru, and Brazil.

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Listings News: Protalix To Join Tel Aviv Exchange

Editor1 — Tue, 31 Aug 2010 13:01:56 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Protalix BioTherapeutics, Inc., (AMEX: PLX), an Israeli biopharmaceutical firm, said that its common stock has been approved for listing on the Tel Aviv Stock Exchange in addition to its current listing on the NYSE AMEX. Trading of the company's common stock on the Tel Aviv Stock Exchange will begin on September 6. Protalix also said that, based upon the company's current market capitalization, it expects its common stock to be included in the TA-75, TA-100, Tel-Tech, Tel-Tech 15 and Biomed indexes beginning October 10.

David Aviezer, Protalix's CEO, said that the company had decided to make the move after seeing “significant” interest from Israeli investors.

The TASE is home to more than 50 biotechnology companies and 51 dual-listed companies.

Protalix said it will continue to be subject to the rules and regulations of the NYSE AMEX and the U.S. Securities and Exchange Commission. Dual listing on the Tel Aviv Stock Exchange is allowed under Israeli law without any additional regulatory requirements for companies whose shares are listed on certain exchanges outside of Israel, including the NYSE AMEX.

Israel-based Protalix is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins expressed through its proprietary plant cell based expression system.

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Green Markets: China Industrial Waste Inks New Contract

Editor1 — Tue, 31 Aug 2010 13:01:43 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Industrial Waste Management, Inc. (OTCBB: CIWT), an environmental services firm, said that the company's 90%-owned subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd. signed a waste management cooperation contract with Dalian Onoda Cement Co., Ltd. to process industrial waste utilizing Dalian Onoda's cement kiln.

Dalian Onoda Cement Co., Ltd is a cement production venture owned by Taiheiyo Cement Co., Ltd, multinational cement producer in Japan.

Dalian Dongtai said it signed a letter of intent with the Dalian Onoda on November 8, 2009, and, since that time, the two firms have processed 3,000 tons of solid waste in a trial run.

The treatment of solid waste by means of cement kilns offers a combination of environmental benefits and resource utilization. According to China Industrial, countries with developed waste management infrastructures, such as Japan, Sweden and the United States, reduce coal usage by millions of tons per year by employing cement kiln techniques.

In the process, certain organic waste products are used as fuel in the production of cement, which otherwise would consume significant quantities of fossil fuels-typically coal. Some inorganic wastes, such as casting sand, are used as raw materials for the cement.

Candidate waste materials include a range of items, such as waste tires and waste plastics, along with hazardous wastes such as solvents and oils.

China-based China Industrial Waste Management is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People's Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. and other indirect subsidiaries.

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FirstAlert(tm) Digest 8/31/10: SPDR Gold Nears Breakout

Editor1 — Tue, 31 Aug 2010 13:00:29 +0000

- Technical Market Commentary -

August 31, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of the SPDR Gold Trust ETF (NYSE: GLD) tried to breakout on August 26th, with an intra-day high at $122.95. Shares remain less than 1% from that high.

Although that breakout attempt failed, GLD remains near levels where a breakout could happen at any time. GLD is also riding a wave of publicity with gold prices getting a great deal of attention during these uncertain economic times.

GLD closed at $120.91 on Monday, which was only 2% shy of its all-time closing high of $122.83. If GLD does make a decisive close above that prior high, look for considerably higher highs in coming weeks.

Initial resistance is at $124.23, which is the first target after a breakout. If $124.23 is surpassed, the target becomes $130.00 per share, which is some 7% above current levels.

GLD is one of those emotional buys that could skyrocket if a breakout occurs. So resistance levels could easily be surpassed. However volatility works in both directions so positions should either be small, or have appropriate sell-stops in place.

(Go to http://www.financialwire.net/2010/04/22/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby+cmmtry for more of Kollar’s commentaries.)

**Today’s FirstAlert(tm) is brought to you by ShareIntel(r) Shareholder Intelligence Services (see below).**

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, AMEX and NASDAQ 25 most actives and combined NYSE, AMEX and NASDAQ greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Last session’s most actives showed 3 advancers versus 22 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456), Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233), the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for QQQQ available at http://investrend.stocksmart.com/ri/toc?tid=1044870) and Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652).

The FirstAlert(tm) Economics Calendar lists Weekly Chain Store Sales (8:55 a.m.), S&P Case-Shiller Home Price Index for June (9 a.m.), Chicago PMI for August (9:45 a.m.), Consumer Confidence Index for August (10 a.m.), FOMC Minutes released (2 p.m.)

The FirstAlert(tm) Events Calendar showcases GES Analyst Meeting; MMM, EMR, ITW at the Morgan Stanley Global Industrials Conference; OSK at the Three Part Advisors Midwest IDEAS Investor Conference.

The FirstAlert(tm) Earnings Calendar highlights 888 Holdings plc (EIHDF.PK) Interim 2010 Earnings Release.

FirstAlert(tm) Website of the Day: http://health.yahoo.net/experts/eatthis/8-perfect-stay-young-foods/

Quote of the Day: "Eccentricity, to be socially acceptable, had still to have at least four or five generations of inbreeding behind it." — Sir Osbert Lancaster

Word of the Day: schlep \SHLEP\, verb: 1. To move slowly, awkwardly, or tediously. 2. To carry; lug.

In context: “They are smelly, stubborn and slow. Yet they're still the favoured traditional and novelty mode of transportation on the Greek island of Santorini. They are the famous donkeys that schlep people and cargo from the Old Port to the island's capital of Fira.” — Steve MacNaull, "Island Hopping", Calgary Herald, July, 2010.

(Schlep is a Yiddish word with a basis in the German schleifen, "to trudge.")

Today is: Love Litigating Lawyers Day

Happy Birthday: Arthur Godfrey

Today in History: Byzantine Empress Theodora died suddenly in 1056 without children to succeed the throne, ending the Macedonian dynasty.

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Canada In-Focus: George Weston Buys Keystone Bakery

Editor1 — Tue, 31 Aug 2010 12:59:33 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — George Weston, Ltd. (TSX: WN) said that its subsidiary, Maplehurst Bakeries, LLC, has agreed to purchase the Keystone Bakery business, a U.S. manufacturer and supplier of frozen cupcakes, donuts and cookies to in-store bakeries and food service channels for USD$185 million.

Keystone Bakeries is comprised of three operating companies: Freed's Bakery of Manchester, New Hampshire, a supplier of frozen, fully finished iced cupcakes; Granny's Kitchens of Frankfort, New York, a supplier of pre-fried and thaw and sell donuts; and Heartland Baking of DuQuoin, Illinois, a specialty supplier of thaw-and-serve cookies.

The transaction is subject to U.S. regulatory approval.

Canada-based George Weston was founded in 1882 and through its operating subsidiaries constitutes North American food processing and distribution group. Weston has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Cos.

The Weston Foods operating segment is primarily engaged in the baking industry within North America. Loblaw a provider of general merchandise, drugstore and financial products and services.

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Telecom: Ceragon Receives Orders From India

Editor1 — Tue, 31 Aug 2010 12:58:13 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Ceragon Networks Ltd. (NASDAQ: CRNT), a provider of wireless backhaul networks, said that it has received new orders for its FibeAir platforms from an Indian operator. According to Ceragon, the firm’s equipment will be deployed in a number of circles to facilitate the operator's network expansion.

New Jersey-based Ceragon Networks offers LTE/4G ready wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services, such as internet browsing, music and video applications.

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Alternative Energy: SunPower Wins Government Business

Editor1 — Tue, 31 Aug 2010 12:57:26 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — SunPower Corp. (NASDAQ: SPWRA) said that its solar technology has been selected for installation at several U.S. government properties, including for the Department of Energy's National Renewable Energy Lab, the General Services Administration, the Navy and the Air Force.

According to SunPower, the contracts represent a minimum of 20 megawatts of new solar projects for SunPower.

SunPower was selected by NREL to design and construct a two-megawatt solar power system at the Department of Energy's new Research Support Facility on the NREL campus in Golden, Colorado.

The General Services Administration and general contractor Shiel Sexton selected SunPower solar technology for the 1.8-MW solar system that is under construction at the General Emmett Bean Federal Building in Indianapolis, Indiana.

SunPower was one of five solar providers awarded an indefinite delivery-indefinite quantity contract by Naval Facilities Command to deliver solar power systems to Navy and Marine Corps installations throughout the southwestern United States.

Under the contract, SunPower will design, build, operate and maintain the systems, and sell the power to the Navy and Marine Corps under power purchase agreements. Projects may range in size from one to 15 MW.

The Navy will have up to five years to award up to 40 MW of solar projects under a $200 million contract.

Earlier this month, SunPower reported an agreement with Arizona Public Service to design and construct a 15-MWac solar photovoltaic power system at Luke Air Force Base in Glendale, Arizona.

Scheduled for completion in the summer of 2011, it is expected to be the largest solar power installation at a U.S. government facility and generate the equivalent of 50 percent of the annual energy requirements for Luke Air Force Base.

California-based SunPower designs and manufactures solar technology for residential, business, government and utility customers.

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Agriculture: Yongye Opens Mongolian Production Facility

Editor1 — Tue, 31 Aug 2010 12:56:24 +0000

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Yongye International, Inc. (NASDAQ: YONG), a Chinese maker and distributor of "Shengmingsu" brand plant and animal nutrient products, said it has opened a new production facility in Wuchuan County, Hohhot, Inner Mongolia.

The company said that its new facility is capable of producing 20,000 tons per annum of Shengmingsu plant nutrient product and 10,000 tons per annum of Shengmingsu animal nutrient product, for a total production capacity of 30,000 tons per annum.

The capacity from the new facility is in addition to the company's prior capacity of 15,000 tons per annum for plant nutrient product and 1,000 tons per annum for animal nutrient product, bringing Yongye’s total capacity to 46,000 tons per annum.

Yongye said it expects the new facility to become fully operational in the fourth quarter of 2010.

China-based Yongye International is a Chinese agricultural nutrient company with its production facilities located in Hohhot, Inner Mongolia, China.

Yongye markets two lines of organic nutrient products: a liquid nutrient product that is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu," which means "life essential" in Chinese.

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New OTCBB Listing: Format Inc.

Editor1 — Tue, 31 Aug 2010 12:32:39 +0000

August 31, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — Format, Inc. (FRMT.OB), a business consulting and services company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 24, trading in units of 100.

From Format Inc.’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“Format, Inc. (the “Company”) was incorporated in the State of Nevada on March 21, 2001. The Company provides EDGARizing services to various commercial and corporate entities. The Company provides services throughout the United States.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

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New OTCBB Listing: International Surf Resorts

Editor1 — Tue, 31 Aug 2010 12:31:24 +0000

August 31, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — International Surf Resorts, Inc. (ISFR.OB), a consumer discretionary travel / recreation / leisure company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 23, trading in units of 100.

From International Surf Resorts’ August 11, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“International Surf Resorts, Inc. (the Company) is currently a development stage company under the provisions of ASC 915, Development Stage Entities, and was incorporated under the laws of the State of Nevada on December 4, 2006. From inception (December 4, 2006) through June 30, 2010, the Company has produced no revenues and will continue to report as a development stage company until significant revenues are produced. The Company is an Internet based provider of international surf resorts, camps, and guided surf tours.

“In June 2009, we launched a pilot program to determine the feasibility of operating a small surf resort in Bali. As part of the program, the Company purchased a wood house in Bali and leased the land. The land is located very close to a beach which has a very good surf location.

“The Company also intends to operate a surf camp in San Juanico, Baja California Sur, Mexico on 2.5 acres of land that it owns there. On February 19, 2007, the Company formed ISR de Mexico, a Mexican corporation, for the purpose of acquiring real estate in Mexico. At June 30, 2010, the Company owned 55% of ISR de Mexico. The remaining 45% interest is owned by related parties.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

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New OTCBB Listing: Liberty Coal Energy

Editor1 — Tue, 31 Aug 2010 12:30:01 +0000

August 31, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — Liberty Coal Energy Corp. (LBTG.OB), a precious metal/mineral acquisition, exploration and development company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 20, trading in units of 100.

From Liberty Coal Energy’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“We are a precious metal/mineral acquisition, exploration and development company, formed in Nevada on August 31, 2007. At the time of our incorporation, we were incorporated under the name 'ESL Teachers Inc.' and our original business plan was to develop and sell online employment services specifically for both ESL Teachers and the ESL operations seeking to hire them worldwide. On March 15, 2010, we changed our name to Liberty Coal Energy Corp. by way of a merger with our wholly owned subsidiary, Liberty Coal Energy Corp. that was formed solely for the purpose of changing our name. In addition to the name change, we changed our intended business purpose to that of precious metal mineral exploration, development and production. Further, effective March 15, 2010, we effected a 30 for 1 forward stock split of our issued and outstanding common stock. As a result, our authorized capital increased from 50,000,000 shares of common stock, $0.001 par value per share, to 1,500,000,000 shares of common stock, $0.001 par value per share. Unless specifically stated otherwise, all share amounts referenced herein, will refer to post-forward stock split-share amounts.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

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