AMNP, BMGP, DVME, PAYI, JAGR, CYBL, WDAS, SGCP, EEGC, IVOT, SNSS OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 5th
Our Stocks to Watch
today include American Sierra Gold Corp. (OTCBB: AMNP), Biomagnetics
Diagnostics Corp. (OTC: BMGP), Diverse Media Group Inc. (OTC: DVME), Pay88 Inc.
(OTCBB: PAYI), Jaguar Mining Enterprises Inc. (OTC: JAGR), Cyberlux Corp.
(OTCBB: CYBL), World Assurance Group Inc. (OTC: WDAS), Sierra Gold Corp. (OTC:
SGCP), Empire Energy Corporation Intl. (OTCBB: EEGC), B Green Innovations Inc.
(OTCBB: IVOT) and Sunesis Pharmaceuticals Inc. (Nasdaq: SNSS).
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Watch Alerts.
AMERICAN SIERRA GOLD
CORPORATION (OTCBB: AMNP)
"Up 12.21% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AMNP.php
Company Profile: http://www.otcpicks.com/american-sierra-gold/american-sierra-gold.htm
American Sierra Gold
Corp. is a publicly traded independent gold exploration company headquartered
in Reno, Nevada.
Shareholders and prospective investors are encouraged to call investor
relations at 1-888-279-3921 or visit American Sierra Gold Corp's website at
www.americansierragold.com.
AMNP News:
November 5 - Cohen
Independent Research Group Issues a 'Buy' Rating With a Target Price of $3.21
for American Sierra Gold Corp.
American Sierra Gold
Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in
Reno, Nevada, announces that Cohen Independent Research Group, Inc., Wall
Street's leading independent fundamental research firm, has issued a research
report on American Sierra with a "buy" recommendation and a long-term
target price of $3.21.
For the full report,
visit Cohen Independent Research Group's website, www.cohenresearch.com or
visit American Sierra's website, www.americansierragold.com.
BIOMAGNETICS
DIAGNOSTICS CORPORATION (OTC: BMGP)
Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php
Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm
Biomagnetics
Diagnostics Corporation is an advanced medical device and biotechnology
company. The Company's revolutionary diagnostic systems, which are based on
advanced magnetics, test for any viral or bacterial disease using any body
fluid. The Company's technology allows laboratories to perform far more tests
in the same amount of time it takes to do a single test. The HTS-MTP platform
is designed to detect the actual virus and viral load in body fluids and not
just simply screen for the presence of viral antibodies.
BMGP News:
November 4 -
Biomagnetics Applies for Gates Foundation Grand Challenge Grant
Biomagnetics
Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems
and technology for HIV, hepatitis, tuberculosis, and malaria detection,
announced it has submitted an application to the Bill & Melinda Gates
Foundation for a grant to further develop the Integrate Optical Biosensor
Sensor (IOBS) technology it is plans to bring to market. The topic for the
Grand Challenge Grant is Low Cost Diagnostics for Global Priory Health
Conditions, which includes both malaria and tuberculosis.
“The availability of
low cost diagnostics for malaria and tuberculosis are major concerns for not
only health care professions, but also for the Gates Foundation. The technology
we plan to introduce reduces the cost of traditional malaria testing by up to
two-thirds,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “The
IOBS platform produces test results measured in only minutes, whereas
traditional methodologies often take many days. Additionally, the handheld IOBS
platform can be utilized in the field at point of care by relatively untrained
personnel. We believe the IOBS platform holds the promise to revolutionize
testing for not only malaria, but also for many other diseases including
tuberculosis and HIV/AIDS. We believe the Gates Foundation had a device such as
IOBS in mind when it devised the specifications for the Challenge Grant.”
According to the
World Health Organization, some 3.2 billion people, or about half the world's
population is at risk of malaria transmission in 107 countries and territories
worldwide. While there are between 350 million and 500 million new cases of
malaria each year, there are very few reliable and field deployable diagnostic
tools available. In the case of malaria, early detection substantially improves
treatability and survivability. Field deployable Integrated Optical Biosensor
Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon
introduce hold the promise to significantly speed the diagnostic testing
process and to meaningfully lower costs and improve lives.
DIVERSE MEDIA GROUP
INCORPORATED (OTC: DVME)
"Up 16.67% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DVME.php
Company Profile: http://otcpicks.com/Newsletter/DVME_eProfile_091709.html
Diverse Media Group,
Inc. is an entertainment company that aggregates expertise across all aspects
of the media industry. Diverse Media Group has at its core the established
27-year history of its wholly owned subsidiary, Diverse Talent Group. Diverse
Talent Group is now the 10th largest Hollywood
agency offering talent and literary representation in commercials, episodic
television, cable programming and motion pictures. The company has the ability
to create programming, foster distribution and represent talented individuals
to fuel a new digital age of content generation. The parent company also
includes the subsidiary Talent Quest America, Inc., which identifies new and
rising talent representing the future of the Hollywood
entertainment community.
DVME News:
September 28 -
Network Talks Underway to Develop 'Momo' into Weekly TV Series Title is Part of
Diverse Media Group, Inc. Option Agreement with Elio Pictures
“Momo” executive
producers Dimitri Logothetis and Nicholas Celozzi have announced that talks are
underway with networks in the U.S.
and Canada
to develop the project as a weekly series for television. “Momo” is one of six
titles for which Diverse Media Group, Inc. (OTC: DVME) has optioned to purchase
a 30% interest from Elio Pictures, Ltd.
Diverse Media Group
CEO Chris Nassif calls the development “a huge step forward in our company’s
transition to a complete entertainment and media services provider.”
Logothetis and
Celozzi have been working for seven years on the life story of infamous mob
boss Sam Giancana. After securing the exclusive story rights from Francine
Giancana to her father’s life story, they originally set the project up at
Warner Bros. and Turner as a mini-series. Logothetis calculates development
costs to date at $75,000. With the success of the 60's-based AMC series “Mad
Men,” they decided that “Momo” could also satisfy weekly audience interest in
that period of Americana.
Giancana was born in 1908 and killed in 1974.
Celozzi describes the
series as real-life “Sopranos” meets “The Gangster Chronicles.” Sam Giancana
was a very compelling personality. As a family man, Sam lost his wife to a
rheumatic heart disease, raised three daughters, supported an extended family
and was one of the most powerful men of the twentieth century. Through union
ties Giancana helped swing the Illinois
vote during the Kennedy/Nixon election. He was the first mobster to claim his
rights to the Fifth Amendment in front of live television cameras while
questioned by Bobby Kennedy during the McClellan committee hearings. Sam had a
long-standing friendship with Frank Sinatra, the leader of the so called “Rat
Pack,” who played in Chicago
nightclubs run by Giancana.
The other Elio
Pictures titles optioned by Diverse Media Group include “The Lost Angel” (2005)
with Judd Nelson and Celozzi, “Framed by Seduction” (2004) starring Robert
Patrick, “Nightmare Boulevard”
(2004) starring Claudia Christian and Corbin Bernsen, “7-10 Split” (2007)
featuring Tara Reid and Rachel Hunter, and “Senior Skip Day” (2008) with Lea
Thompson and Norm MacDonald.
The option is being
purchased with 25 million shares of Diverse Media Group restricted common
stock, valued at $50,000. The Company has until March 30, 2010, to exercise its
option for a cash price of an additional $400,000.
PAY88 INCORPORATED
(OTCBB: PAYI)
Detailed Quote: http://www.otcpicks.com/quotes/PAYI.php
Company Profile: http://www.otcpicks.com/pay88-inc/pay88-inc.htm
Pay88, Inc., through
its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly
growing digital technology company and the leading reseller of internet game
time in China
with over $19.7 million USD in revenues in 2008, a 134.8% increase over
revenues in 2007. The company is primarily engaged in the sale of prepaid
online multi-player game cards in more than 20 cities in China, an
industry that generated $2.75 billion in 2008 and is expected to reach $3.8
billion by the end of 2009. In addition, The Company sells prepaid telephone
cards and over 800 software products, including cooking, language and education
software. Qianbao sells its game cards through its websites, www.iamseller.com,
and www.17logo.com, which has more than 1 million registered users. The Company
has successfully captured more than 80% of the online multi-player game time
market in Chongqing, a municipality of more than
31 million people, and the third fastest-growing regional economy in China. Pay88
leverages such consumer establishments as retail kiosks and Internet cafes to
increase its distribution of highly popular games for an increasing number of
gaming companies.
PAYI News:
October 28 - Pay88,
Inc. Goes Mobile
With Sohu.com Inc.
Pay88, Inc. (OTCBB:
PAYI) announced that it has entered into a distribution agreement with Sohu.com
Inc. (Nasdaq: SOHU). Through its subsidiary, Qianbao Technology, Pay88 will act
as a distributor of SOHU digital products, with a particular focus on mobile
phone games.
With more than 100
million users and 700 million site visits per day, Sohu.com Inc., is one of the
leading internet media companies in China with revenues of over $429 million
USD in 2008, 2.3 times that of .scal 2007. Sohu provides millions of Chinese
consumers with information, communication and entertainment services through
its matrix of websites and offers two types of consumer services — online games
(including the massively popular multi-player online role-playing games
"Tian Long Ba Bu" and "Blade Online"), and wireless
connectivity.
Pay88 is one of the
few companies in China
capable of facilitating online banking and is also the leading reseller of
internet game time in China's
booming $2.75 billion online video game market, selling online multiplayer game
time and prepaid cards in more than 20 cities in China. The venture with Sohu takes
the company mobile for the first time and company officials say the timing and
the opportunity couldn't be better.
According to analysts
at Niko Partners, China
will be home to 119 million online gamers by 2012, propelling the market to
$8.9 billion by 2013. And Forbes reports the online gaming community is growing
by an average of 4 million new players each month. An alliance with Sohu
positions Pay88 to dramatically expand their reach into this massive market.
Guo Fan, Chairman and
President of Pay88, said, "Pay88's large customer base and payment
platform makes this agreement with SOHU an exciting opportunity for both
companies." He added, "As a result of this new relationship, Qianbao
Technology will now be able to offer mobile games to the domestic market in China."
Company officials say
forging this agreement with Sohu represents a powerful step forward in
expanding their footprint throughout China. Over the coming year, the
company will continue to develop and improve its internet gaming platform,
expand its distribution websites, and increase its overall product line, as
well as expand into many additional cities in China.
JAGUAR MINING
ENTERPRISES INCORPORATED (OTC: JAGR)
Detailed Quote: www.otcpicks.com/quotes/JAGR.php
Company Profile: http://www.otcpicks.com/jaguar-mining/jaguar-mining.htm
Jaguar Mining
Enterprises, Inc. is an independent mining company engaged in the acquisition,
development, and exploitation of iron ore primarily mined in Mexico. The
Company specializes in the exploitation of iron ore mines with proven reserves.
The Company's strategy is to locate, acquire and develop mine locations that
contain sufficient quantities of iron ore and require minimal start-up costs.
JAGR News:
October 27 - Jaguar
Mining Enterprises Files Its Initial Disclosure Statement on Pink Sheets
Jaguar Mining
Enterprises, Inc. (OTC: JAGR), an independent mining company engaged in the
acquisition, development, and exploitation of iron ore primarily mined in
Mexico, announced that the company has filed its Initial Information and
Disclosure Statement through OTC Disclosure and News Service. A current
summation of the company and its business objectives is now available on Pink
Sheets (www.pinksheets.com) under the company's symbol, JAGR.
Jaguar Mining also
announced that it has begun discussions with a Shanghai,
China
based firm to act as its direct sales and marketing representative to Chinese
steel manufacturers. Jaguar hopes to finalize terms of an agreement which will
provide the company with its first strategic partnership in China, the
world's largest iron ore importer. The company plans to release complete
details once a definitive agreement has been completed.
CYBERLUX CORPORATION
(OTCBB: CYBL)
"Up 50.00% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CYBL.php
Cyberlux Corporation,
a leader in solid-state lighting innovation, has developed breakthrough LED
lighting technology that provides the most energy efficient and cost effective
portable lighting solutions available today for military and commercial uses.
The Military and Homeland Security products provide tactical covert and visible
lighting capability and are designed as highly mobile, battery-powered lighting
systems ideal for threat detection, force and asset protection and general
expeditionary lighting needs.
CYBL News:
August 28 - Cyberlux
Receives Order for BrightEye Systems as OEM Supplier to Prime Contractor
Cyberlux to Supply
BrightEye Systems to AM-MAC Incorporated as Item in Broader Defense Logistics
Agency Contract
Cyberlux Corporation
(OTCBB: CYBL), a leading provider of LED lighting solutions, announced today that
AM-MAC Incorporated has contracted with the Company to supply two BrightEye
Tactical Lighting Systems in support of a broad Department of Defense (DoD)
Defense Logistics Agency (DLA) contract for maintenance and force operations.
AM-MAC is New Jersey-based Department of Defense supplier of field operations
supplies.
The BrightEye
Tactical Lighting System’s bright white light is the preferred choice of
mechanics operating on the flight line. The BrightEye system’s batteries allow
for quick charge times, zero noise output and easy maneuverability out on the
flight line due to its light weight portability. Additionally, the BrightEye
provides more than enough illumination for sophisticated repair tasks such as
night Main Rotor Ground Track and Balances, night Tail Rotor Balances, night
Engine High Speed Shaft Balances and other general maintenance tasks that
require superior visibility for a safe, well lit work area. The BrightEye has
the ability to provide enough illumination to accomplish these tasks where
other systems are lacking, thus making the BrightEye systems a ‘must have’ item
for all night operating units in theater of operations such as Iraq and
Afganistan.
“We remain
enthusiastic knowing that our BrightEye Tactical Lighting Systems are being so
well received in the Iraqi theater of operation. Based upon our continued sales
penetration within the military and governmental agencies, we are seeing a
steady increase in demand for our products,” said Mark D. Schmidt, CEO of
Cyberlux Corporation. “While it takes tremendous time and effort to generate
sales and capture market share at a level that is comparable to larger, more
established defense companies, our reputation for being the preferred choice of
tactical lighting will only bolster our presence, which then will reflect
positively on our balance sheet. We are extremely confident that with the
increased awareness of our products, fiscal year 2010 will continue to show
additional growth and improved stability for our Company,” added Schmidt.
The Cyberlux Tactical
Illumination Systems are designed as highly portable, visible and night-vision
compatible illumination systems for mission-critical tactical lighting where
rapid deployment and high-intensity lighting capability are required. Using
advanced optics, advanced solid-state lighting technology, and light-weight
advanced battery power, all contained in easily transportable wheeled cases,
the Cyberlux Tactical Lighting Systems provide broad area visible white
lighting and night-vision compatible IR lighting capable of operating all
night, performance capabilities not available in traditional lighting systems.
WORLD ASSURANCE GROUP
INCORPORATED (OTC: WDAS)
"Up 147.83% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WDAS.php
World Assurance
Group, through its wholly owned subsidiary Anav Holdings Corporation, intends
to participate in all areas of real estate transactions, including direct
ownership, co-investment with other institutions or developers, as well as
indirect participation through the acquisition of distressed debt and/or
non-performing loans with the eventual goal of control of the underlying
assets.
WDAS News:
November 4 - World
Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation to Utilize
Environmentally Green
Building Systems for
Ecuadorian Projects
Ecuadorian Foreign
Investment Increases $203 Million
World Assurance Group
(OTC: WDAS) announced that its subsidiary Anav Holdings Corporation in
conjunction with its Ecuadorian projects intend to build new construction and
homes out of revolutionary new building products which are environmentally
green. The new products significantly reduce the time and cost of construction
as well as eliminating the waste, therefore, causing a positive impact on the
environment especially in comparison with stick build methods. The Company is
presently working with Sustainable Green Corporation to develop homes in Mexico and is
also investigating the use of a Mold Free building system as well as other
Green building systems.
Ecuador's direct foreign investment totaled $203 million in the
second quarter of 2009, rising from the $103 million registered in the same
period last year, the central bank said Wednesday. The central bank said $44
million of the FDI came from Argentina,
$24 million from Mexico, $21
million from Spain, $15
million from Panama,
and the rest from other countries. Foreign direct investment in Ecuador totaled
a net $121 million in the first quarter of 2009.
WDAS had announced on
Oct 22, 2009 that its subsidiary Anav Holdings Corporation signed a proposal to
enter into a purchase agreement for an 8.5% participating interest in a 15
hectare private housing community located at one of the leading ports in Latin America with Premier Developments. The project's
first phase is in full production and has already sold 20% of the 207 homes.
The entire project including phase two will be an estimated 500 home
development.
Jonathan B. Morgan,
President of WDAS, stated, "We are looking forward to beginning to build
and develop Ecuador, Mexico and
other areas. We believe that Mexico,
Central America and South America are within
our reach within 12 to 18 months. The building methods and products that are
being utilized are world class."
ABOUT PREMIER
DEVELOPMENT GROUP
Premier Development
Group is a leading Housing and Construction Company with offices located in
both Machala and Quito
Ecuador and head offices in Miami Florida.
Premier is developing housing units and is currently working in Ecuador, Mexico
and Guatemala.
The Nuevos Horizantes project is currently in full production and has sold 20%
of Phase One in Machala, Ecuador.
ABOUT SUSTAINABLE
GREEN CORPORATION
Sustainable Green
Corporation utilizes a multi-patented composite building system that utilizes
Expanded Polystyrene as the core material for all structural members — walls,
roof, and floor. The material is sprayed with a composite coating made of a
precise blend of sand, cement, glass fiber and other patented additives that
together create a building shell that meets or exceeds all testing protocols
and load requirements of the ICC-ES. (ICC-ES is the United States' leader in evaluating
building products for compliance with code and is a nonprofit, public-benefit
corporation, www.icc-es.org). The building system is intrinsically linked to
the installation and application of a building system; it has a patented
analysis program that accurately predicts the performance capability of a
building utilizing any architectural design under any set of climate
conditions. The system is earthquake resistant, hurricane resistant (tested to
260 MPH, rated 170 MPH), vapor proof, water proof, mold resistant, air tight
and 100% recyclable. It compares favorably by price to timber, which creates
more waste and has a negative impact on the environment.
SIERRA GOLD
CORPORATION (OTC: SGCP)
"Up 6.25% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SGCP.php
Sierra Gold is
engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and
prospecting. The region has been one of the fastest growing gold producing
areas worldwide.
SGCP News:
October 6 - Sierra
Gold Corporation Positioned to Increase Gold Production Tenfold With Arrival of
New Processing Plants
Sierra Gold
Corporation (OTC: SGCP) announced that the two new 10-ton, state-of-the-art,
gold processing plants arrived in Sierra Leone last week. These
plants will enable the company to process up to 20 tons per hour and boast a
95-98 percent recovery rate. This technology offers an environmentally friendly
process with no chemicals and reduced water use. Given their portability, these
units can be moved easily to locations deemed appropriate for greater gold
recovery. Later this fall the company will now have the ability to speed up
production by a factor of 10 times or more. In contrast to the 1-2 kilos of
gold that Sierra Gold produced per month using local methods, the new gold
plants will have the capacity to produce 20 kilos per month. Our figures are
based on 8 hours per day with a past recovery rate of 4.5 grams of gold per
ton. The plans are to operate 300 days per year.
In the area of
communication, we launched a new website recently as a first step to keep our
shareholders better informed. The next step is the appointment of John Semachko
Jr. as Vice President of Sierra Gold Corporation. Mr. Semachko's primary role
will be in investor relations. He brings over 25 years of business ownership
and management experience with a track record of success.
Doug Evans, CEO of
Sierra Gold, commented: ``The company is looking forward to moving into the
next stage of development with the addition of new state-of-the-art equipment.
This is a giant step forward from our present local methods of processing gold.
We are also excited to bring on a new highly qualified member, Mr. Semachko, to
our team. Our goal is continue to improve the investors' ability to access
updated information from the company.''
EMPIRE ENERGY
CORPORATION INTERNATIONAL (OTCBB: EEGC)
"Up 200.00% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EEGC.php
Empire Energy
Corporation is an international oil and gas exploration company, focusing on
developing assets in one of the world's last virgin basins and to become a
leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and
northern basins.
EEGC News:
November 5 - Empire
Signs Back to Site Agreement with Hunt Energy Drilling, Orders Independent
Report by RPS to Further Validate U.S. $3.3 Billion WHK Valuation and Publishes
Final Report on SEL 13/98
Empire Energy Corp.
Intl. (OTCBB: EEGC) has signed a “Back to Site Agreement” with Hunt Energy
Drilling of Australia. In the agreement, Hunt Energy has agreed to return to
the Bellevue
drill site which has been prepared for drilling operations. Malcolm Bendall
said, “We welcome the signing of this agreement with Hunt Energy and look
forward to working together and the commencement of drilling on the Bellevue site.”
Empire intends to
start drilling at Bellevue
and follow with drilling at the Thunderbolt site. Bellevue and Thunderbolt are the two largest
domes discovered during the extensive exploration efforts by Empire and Great
South Land Minerals (wholly owned subsidiary). Bellevue and Thunderbolt were identified as
areas believed to be capable of containing substantial commercial quantities of
oil and gas.
Empire has
re-commissioned RPS Energy (a world leader in oil and gas valuations) to
further evaluate and validate the Bellevue and Thunderbolt structures to
underpin the US$3.3 billion (equal to US$10 per share) asset value determined
by WHK and has arranged increased accommodation availability at Bronte Park to
house the additional workforce needed to complete the work at Bellevue.
The Final Report
documenting all work accomplished on SEL 13/98 has been completed and submitted
to Mineral Resources Tasmania. This detailed document is now at printers to be
mailed to Empire shareholders and will be posted on the Empire Energy websites
www.empireenergy.com and www.gslm.com for public viewing. Malcolm Bendall, CEO,
said, ”This report details the substantial volume of work accomplished by
Empire and their wholly owned subsidiary Great South Land Minerals on the
license property and previous from 1984 – 2009. Empire looks forward to the
beginning of their 15 well drilling program and developing the potential of the
vast Tasmanian Basin
for the benefit of Tasmania
and the Empire shareholders.”
I GREEN INNOVATIONS
INCORPORATED (OTCBB: IVOT)
"Up 7.50% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/IVOT.php
I Green Innovations,
through its subsidiary B Green Innovations, Inc. ("B Green"), a
Matawan, New Jersey-based Corporation, is dedicated to becoming a
"green" technology company, focused on acquiring and identifying
promising technologies that address environmental issues. The first technology
will be used to create new products from recycled tire rubber. Recently, the
company announced that it had filed a new Patent Application for a process it
described as "paver blocks and patio blocks made from recycled tire crumb
rubber." B Green Innovations, Inc. has also filed 3 additional patents on
products made using 100% recycled tires.
IVOT News:
November 5 - I Green
Innovations Inc. Files Second Patent for Green Technology Intellectual Property
Relates to Products Made From Recycled Plastic
B Green Will Create
Products That Display the Individual Deformed Bottle in a Recognizable Manner
Made From Recycled Plastics
B Green Innovations,
Inc. Continues to Attract National Re-Sellers, With Partners Nationwide and Canada Selling
Its "Green" "VibeAway" & "ECOPOD" Products,
Including Whirlpool
B Green Innovations,
Inc. (OTCBB: IVOT), a wholly owned subsidiary of I Green Innovations, Inc.
announced that it had filed a second patent for green technology intellectual
property relates to products made from recycled plastic.
The invention relates
to a method of producing composite recycled plastic bottle sheets from recycled
plastic containers embedded in the plastics. The sheets will be used to create
products that display the individual deformed bottle in a recognizable manner.
B Green Innovations,
Inc., intellectual property will help combat this large problem by
manufacturing certain consumer products from recycled plastic. The markets are
significant and largely untapped at the moment. Plastics play an important role
in almost every aspect of our lives. Plastics are used to manufacture everyday
products such as beverage containers, household items, and furniture. The
widespread use of this valuable material demands proper management of used
plastics, as they have become a larger part of the municipal solid waste (MSW)
stream in recent decades. According to the EPA In 2007, the United States
generated almost 14 million tons of plastics in the MSW stream as containers
and packaging, almost 7 million tons as nondurable goods, and about 10 million
tons as durable goods.
SUNESIS
PHARMACEUTICALS INCORPORATED (NASDAQ: SNSS)
"Up 10.53% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNSS.php
Sunesis is a
biopharmaceutical company focused on the development and commercialization of
new oncology therapeutics for the treatment of solid and hematologic cancers.
Sunesis has built a highly experienced cancer drug development organization
committed to advancing its lead product candidate, voreloxin, in multiple
indications to improve the lives of people with cancer.
SNSS News:
November 5 - Sunesis'
Voreloxin Receives FDA Orphan Drug Designation for Acute Myeloid Leukemia
Sunesis
Pharmaceuticals, Inc. (Nasdaq: SNSS) announced that the U.S. Food and Drug
Administration has granted voreloxin orphan drug designation for the treatment
of acute myeloid leukemia (AML). Sunesis is currently conducting two Phase 2
clinical trials of voreloxin in AML: a single-agent study, known as REVEAL-1,
of voreloxin in newly diagnosed elderly AML patients unlikely to benefit from
standard induction chemotherapy and a study evaluating voreloxin in combination
with cytarabine in relapsed/refractory AML.
"This
designation recognizes the acute need for more options in treating this
poor-prognosis disease," stated Steven B. Ketchum, Ph.D., Senior Vice
President of Research and Development at Sunesis. "We believe voreloxin
has the potential to impact the standard of care for AML and we continue to be
encouraged by our progress. We are finalizing a registration strategy for
voreloxin in AML and anticipate launching a pivotal trial in 2010."
Orphan drug
designation is granted by the FDA Office of Orphan Drug Products to novel drugs
or biologics that treat a rare disease or condition affecting fewer than 200,000
patients in the U.S.
The designation provides eligibility for a seven-year period of market
exclusivity in the United
States after product approval and an
exemption from user fees.
ABOUT VORELOXIN
Voreloxin is a
first-in-class anticancer quinolone derivative, or AQD, a class of compounds
that has not been used previously for the treatment of cancer. Voreloxin both
intercalates DNA and inhibits topoisomerase II, resulting in
replication-dependent, site-selective DNA damage, G2 arrest and apoptosis. Voreloxin
is currently being evaluated in a Phase 2 clinical trial (known as the REVEAL-1
trial) in previously untreated elderly AML patients and in a Phase 1b/2
clinical trial combining voreloxin with cytarabine for the treatment of
patients with relapsed/refractory AML, as well as in an ongoing Phase 2
single-agent trial in platinum-resistant ovarian cancer.
ABOUT ACUTE MYELOID
LEUKEMIA
AML is a rapidly
progressing cancer of the blood characterized by the uncontrolled proliferation
of immature blast cells in the bone marrow. The Leukemia and Lymphoma Society
estimates that nearly 13,000 new cases of AML will be diagnosed and
approximately 9,000 deaths from AML will occur in the U.S. in 2009.
AML is generally a disease of older adults, and the median age of a patient
diagnosed with AML is about 67 years. A majority of elderly patients are not
considered candidates for standard induction therapy or decline therapy,
resulting in an acute need for new treatment options.
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DO NOT BASE ANY
INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not
registered as a securities broker-dealer or an investment adviser either with
the U.S. Securities and Exchange Commission (the "SEC") or with any
state securities regulatory authority. We are neither licensed nor qualified to
provide investment advice. OTCPicks.com makes no recommendation that the
purchase of securities of companies profiled in this web site is suitable or
advisable for any person or that an investment such securities will be
profitable. In general, given the nature of the companies profiled and the lack
of an active trading market for their securities, investing in such securities
is highly speculative and carries a high degree of risk. You are receiving this
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companies.
The information
contained in our report should be viewed as commercial advertisement and is not
intended to be investment advice. The report is not provided to any particular
individual with a view toward their individual circumstances. The information
contained in our report is not an offer to buy or sell securities. We
distribute opinions, comments and information free of charge exclusively to
individuals who wish to receive them.
Our newsletter and
website have been prepared for informational purposes only and are not intended
to be used as a complete source of information on any particular company. An
individual should never invest in the securities of any company profiled based
solely on information contained in our reports. Individuals should assume that
all information contained in the report about profiled companies is not
trustworthy unless verified by their own independent research.
Any individual who
chooses to invest in any securities should do so with caution. Investing in
securities is speculative and carries a high degree of risk; you may lose some
or all of the money that is invested. Always research your own investments and
consult with a registered investment advisor or licensed stock broker before
investing.
Information contained
in our report will contain "forward looking statements" as defined
under Section 27A of the Securities Act of 1933 and Section 21B of the
Securities Exchange Act of 1934. Subscribers are cautioned not to place undue
reliance upon these forward looking statements. These forward looking
statements are subject to a number of known and unknown risks and uncertainties
outside of our control that could cause actual operations or results to differ
materially from those anticipated. Factors that could affect performance
include, but are not limited to, those factors that are discussed in each
profiled company's most recent reports or registration statements filed with the
SEC. You should consider these factors in evaluating the forward looking
statements included in the report and not place undue reliance upon such
statements. We are committed to providing factual information on the companies
that are profiled. However, we do not provide any assurance as to the accuracy
or completeness of the information provided, including information regarding a
profiled company's plans or ability to effect any planned or proposed actions.
We have no first-hand knowledge of any profiled company's operations and
therefore cannot comment on their capabilities, intent, resources, nor
experience and we make no attempt to do so. Statistical information, dollar
amounts, and market size data was provided by the subject company and related
public information sources which we believe to be reliable but we cannot
guarantee the accuracy of the information. To the fullest extent of the law, we
will not be liable to any person or entity for the quality, accuracy,
completeness, reliability, or timeliness of the information provided in the
report, or for any direct, indirect, consequential, incidental, special or
punitive damages that may arise out of the use of information we provide to any
person or entity (including, but not limited to, lost profits, loss of
opportunities, trading losses, and damages that may result from any inaccuracy
or incompleteness of this information). We encourage you to invest carefully
and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
Disclosure:
OTCPicks.com has been compensated ten thousand dollars by the company for a
current BMGP advertising and promotional services. OTCPicks has been
compensated ten million free trading shares from a non-controlling third Party
(Microcap Management) for DVME advertising and promotional services. OTCPicks
has been compensated seven thousand five hundred dollars from a non-controlling
third party (BlueWave Advisors) for AMNP advertising and promotional services.
OTCPicks.com has been compensated seven thousand five hundred dollars by a
third party for BMGP advertising and promotional services. OTCPicks.com has
been compensated six thousand five hundred dollars by a third part (Ladasa
Inc.) for a two-week PAYI advertising and promotional program. OTCPicks.com has
been compensated two hundred thousand free trading shares by a third party
(Microcap Management) for JAGR advertising and promotional services.
OTCPicks.com was compensated seventy five thousand free trading shares by at
third party for SGCP advertising and promotional services and we have sold all
shares. This compensation constitutes a conflict of interest as to our ability
to remain objective in our communication regarding the profiled company.
OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a
financial public relations firm. BlueWave Advisors, LLC, its principal and/or
its affiliates will hold positions in the company profiled and may buy or sell
securities at any time without notice.
