Scorpex, Inc. (SRPX) Proudly Announces Authorization from the Mexican Environmental Authority (PROFEPA) to Obtain Use and Operational Permits

Scorpex, Inc. was very pleased to announce this morning that PROFEPA, the agency in Mexico responsible for monitoring and enforcing environmental laws, has granted clearance to the company for obtaining “Use” and “Operational” permits. Many of the employees of the environmental protection agency have visited and inspected the site numerous times and participated in the studies pertaining to the project.

Use permits from federal, state, and city governments, in addition to a federal operational permit, are necessary for the operation of a full service waste disposal and recycling company. To obtain these permits, the Company has complied with all governmental regulatory guidelines and directives, conducted feasibility studies, and worked hand-in-hand with government officials on key issues pertaining to zoning, road studies, environmental guidelines, land and health issues, as well as employment issues.

Joseph Caywood, Chief Executive Officer of Scorpex, commented, “Over the past several years, Scorpex has overcome numerous hurdles in order to meet the stringent requirements of Mexico. This most recent approval gives the Company a positive recommendation and the assurance that it has complied with and passed all required testing and studies as well as the requirements for the planned and presently completed property infrastructure, build outs and improvements.”

In conclusion, Mr. Caywood added, “The Company is now poised to receive use and operational permits after carefully complying with all of the requests from the federal, state, and municipal governments to date. We are very pleased with the progress we are making towards the establishment of our first fully operational facility and the execution of our business plan.”

The Female Health Company (FHCO) Updates Q3FY2011 Financial Outlook

The Female Health Company, manufacturer and marker of the FC2 Female Condom, issued an updated financial outlook for the third quarter of fiscal year 2011.

The company said it expects to report a modest profit and higher unit shipments for the third quarter of fiscal 2011 compared to the comparable quarter of 2010, though results will be negatively impacted by various issues stemming from purchase orders from Brazil and the Republic of South Africa. While FHCO expects positive operating earnings for fiscal 2011, the company said it expects those results to fall below previous guidance.

Despite the aforementioned obstacles, the company noted the severity of HIV/AIDS and the emphasized the need for prevention and education on the disease.

“Over the past years, the face of AIDS has become feminized. Globally, HIV/AIDS is the leading cause of death for women of reproductive age (15-44). Women now comprise more than 50 percent of adult HIV/AIDS cases. These facts have raised awareness of the need for prevention, as evidenced by the fact that FC2 is now available in 120 countries around the world. Although our financial results have been constrained by continued bureaucratic delays related to the timing and shipment of certain large orders, we are confident that the fundamentals of our business remain strong and that demand for, and acceptance of, the FC2 Female Condom, continues to increase,” O.B. Parrish, chairman and CEO of FHCO stated in the press release.

Parrish said the company anticipates continued demand for its products based on several broader factors.

“We are very encouraged by recent indications of demand growth from customers that distribute female condoms globally and believe the long-term outlook for the company remains positive for three reasons: the feminization of HIV/AIDS, the complexity of developing easy-to-use alternative prevention methods, and the emergence of drug resistant strains of sexually transmitted infections (STIs),” he stated.

The company also declared a quarterly cash dividend of $0.05 per share, payable August 9, 2011, to stockholders of record as of August 2, 2011, reflecting the company’s strength in the midst of a temporary setback with its Brazil orders.

“While our operating results have suffered due to timing issues involving large orders during the current fiscal year, we have continued to generate cash flows from operations that significantly exceed our capital spending requirements, and our balance sheet remains free of debt. We remain highly optimistic regarding the company’s future and the expanding role that FC2 will play in the global battle against HIV/AIDS,” Parrish stated.

FHCO is slated to report its operating results for the three and nine months ended June 30, 2011, on August 5, 2011.

For more information visit http://www.femalehealth.com

Scorpex, Inc. (SRPX) Proudly Announces Authorization from the Mexican Environmental Authority (PROFEPA) to Obtain Use and Operational Permits

Scorpex, Inc. was very pleased to announce this morning that PROFEPA, the agency in Mexico responsible for monitoring and enforcing environmental laws, has granted clearance to the company for obtaining “Use” and “Operational” permits. Many of the employees of the environmental protection agency have visited and inspected the site numerous times and participated in the studies pertaining to the project.

Use permits from federal, state, and city governments, in addition to a federal operational permit, are necessary for the operation of a full service waste disposal and recycling company. To obtain these permits, the Company has complied with all governmental regulatory guidelines and directives, conducted feasibility studies, and worked hand-in-hand with government officials on key issues pertaining to zoning, road studies, environmental guidelines, land and health issues, as well as employment issues.

Joseph Caywood, Chief Executive Officer of Scorpex, commented, “Over the past several years, Scorpex has overcome numerous hurdles in order to meet the stringent requirements of Mexico. This most recent approval gives the Company a positive recommendation and the assurance that it has complied with and passed all required testing and studies as well as the requirements for the planned and presently completed property infrastructure, build outs and improvements.”

In conclusion, Mr. Caywood added, “The Company is now poised to receive use and operational permits after carefully complying with all of the requests from the federal, state, and municipal governments to date. We are very pleased with the progress we are making towards the establishment of our first fully operational facility and the execution of our business plan.”

SRPX Proudly Announces Authorization from the Mexican Environmental Authority (PROFEPA) to Obtain Use and Operational Permits

Scorpex, Inc. was very pleased to announce this morning that PROFEPA, the agency in Mexico responsible for monitoring and enforcing environmental laws, has granted clearance to the company for obtaining “Use” and “Operational” permits. Many of the employees of the environmental protection agency have visited and inspected the site numerous times and participated in the studies pertaining to the project.

Use permits from federal, state, and city governments, in addition to a federal operational permit, are necessary for the operation of a full service waste disposal and recycling company. To obtain these permits, the Company has complied with all governmental regulatory guidelines and directives, conducted feasibility studies, and worked hand-in-hand with government officials on key issues pertaining to zoning, road studies, environmental guidelines, land and health issues, as well as employment issues.

Joseph Caywood, Chief Executive Officer of Scorpex, commented, “Over the past several years, Scorpex has overcome numerous hurdles in order to meet the stringent requirements of Mexico. This most recent approval gives the Company a positive recommendation and the assurance that it has complied with and passed all required testing and studies as well as the requirements for the planned and presently completed property infrastructure, build outs and improvements.”

In conclusion, Mr. Caywood added, “The Company is now poised to receive use and operational permits after carefully complying with all of the requests from the federal, state, and municipal governments to date. We are very pleased with the progress we are making towards the establishment of our first fully operational facility and the execution of our business plan.”

Chine Gerui Advanced Materials Group Ltd. (CHOP) Hosts Investor Day and Commences Operation of Two New Steel Production Lines

China Gerui Advanced Materials Group Ltd., a company that engages in the manufacture and sale of cold-rolled narrow strip steel products in the People’s Republic of China, recently announced that it has commenced operation on two wide-strip, cold rolled steel production lines with 150,000 tons of annual capacity, along with one additional plating line with 200,000 tons of capacity per year.

China Gerui’s on-going Capacity Expansion plan is an important part of its continued growth and evolution in the high-end and specialized cold-rolled steel sector. The most recently added facility, which marks Phase I completion of the Capacity Expansion Plan, brings cold-rolled steel production up to a total amounting to 400,000 tons annually and increased the Company’s value-added plating capability to 250,000 tons of total capacity annually. The new capacity is expected to ramp up to a normalized utilization rate of 75% within six months consistent with China Gerui’s 2011 guidance and will aid in maintaining a blended gross margin of 30%.

The Company hosted a ribbon cutting ceremony on June 29, 2011 to showcase Phase I of the new facility and in attendance to the event were local government officials, industry participants, members of the media, supplies, customers, analysts, investors, the Board of Directors and senior management of China Gerui. The event was succeeding an Investor Day where investors and analysts toured the cutting-edge facility and interacted with China Gerui management in order to learn about the facility and to get an update on the Company’s strategy and business.

“Completion of our new facility is a major milestone in our growth plan and bolsters our capabilities to further tailor products to customer specifications as well as to meet pent-up demand,” Mr. Mingwang Lu, Chairman and Chief Executive Officer, stated. “The final phase will add 100,000 more tons of capacity by the end of 2011, bringing us to a total of 500,000 tons of annual specialized cold-rolled steel production capacity. The addition of wide-strip capacity with value-added, higher-margin plating capability for 50% of our output will open up new markets and further strengthen our leading position in the sector,” he continued.

Topics that were covered as part of the analyst and investor event included a local government update, customer and supplier testimonials, a steel industry outlook and perspective by an industry expert, commentary by the Company’s auditor, and an extended tour of the new facility.

Ye Congfa, an industry expert from China Iron & Steel Research Institute, indicated that high-value, high precision, ultra-thin cold-rolled steel is in shorter supply in China, forcing it to look to imports for 90% of the 10 million tons of specialized product per year. China Gerui, with its capacity to provide the market with both wide-strip and narrow-strip cold-rolled steel, maintains an advantage to other foreign competitors because of its strong domestic presence, lower production costs, and its reputation for a very high quality standard.

Harry Edelson, the director of the Company’s board and a veteran venture capitalist, reviewed the history of the Company and brought attention to additional measures of financial and legal diligence that the Company has undertaken and brought forth the differences in regulatory and other due diligence reviews required to effect a merger through a special purpose acquisition company (SPAC), like China Gerui, as opposed to a reverse merger (RTO).

Customer representative Yong Wang, Senior Engineer from Wuhan Academy of Post and Telecommunications, was also in attendance at the event. Yong Wang stated, “China Gerui’s products conform exactly to our stated specifications, reflecting a high degree of engineering and manufacturing expertise. Knowing that we have a consistent source of supply for this highly specialized steel, in both narrow- and wide-strip, has been a key to keeping our products competitive in the marketplace.” The Company’s immense increase in production capacity will allow it to continue to meet the needs of the customer and enhance the firm’s migration to higher margin products, while developing higher-end technology products.

For more information on China Gerui Advanced Materials Group Limited, visit their website at: http://www.geruigroup.com

Inovio Pharmaceuticals, Inc. (INO) Vaccine Phase I Results Show Positive Immune Responses

Inovio Pharmaceuticals, Inc. announced late Wednesday that significant T cell and antibody responses were generated in its Phase I clinical study of VGX-3400X, a SynCon™ DNA vaccine for the prevention of avian H5N1 influenza delivered using intramuscular (IM) electroporation.

Inovio is engaged in developing what are called DNA vaccines for treatment and prevention of cancers and infectious diseases. Among these drugs are its SynCon™ vaccines, which are designed to protect against known as well as newly emergent strains of pathogens such as influenza. The company also offers its proprietary electroporation delivery devices, which have been shown to be safe and generate significant immune responses, and it’s currently engaged in three Phase II studies for vaccines to treat cervical dysplasias, cervical cancer, hepatitis C virus, and leukemia.

According to its website, Inovio is broadly partnered or collaborating with the University of Pennsylvania, Merck (NYSE: MRK), ChronTech (Stockholm: CTEC), National Cancer Institute, U.S. Military HIV Research Program, NIH, HIV Vaccines Trial Network, University of Southampton, and PATH Malaria Vaccine Initiative. Its SynCon™ flu DNA vaccine using intramuscular electroporation has already shown strong antibody response in 96% of subjects and significant T-cell responses in 72% of subjects.

Results were announced in San Diego at “DNA Vaccines 2011,” hosted by the International Society of DNA Vaccines, by Dr. Niranjan Sardesai, Inovio’s Sr. VP, Research and Development.

Electroporation is a method of introducing a substance into a cell, such as a drug, molecular probe, or DNA fragment, by applying an electrical field to the skin. Intradermal delivery of a vaccine antigen is considered desirable because the dermal layer of skin is especially susceptible to reacting by producing antibodies, such as killer cells, to the antigen.

The company also announced launch of a second Phase I clinical study as part of its universal influenza vaccine program. “This trial will assess a multi-subtype SynCon vaccine for H1N1 and H5N1 influenza using its skin-targeted intradermal (ID) electro orator,” said the company release. The SynCon™ vaccine design process “uses a proprietary method to achieve cross-strain protection against the natural and frequent mutations of influenza strains within subtypes.”

Inovio CEO Dr. J. Joseph Kim stated, “We are encouraged by the immune responses generated in this proof-of-principle study of our first SynCon™ influenza vaccine, VGX-3400X, delivered using intramuscular electroporation. The second Phase I study (INO-3510) builds on our universal influenza vaccine development program by adding a second component targeting the H1N1 subtype and delivering vaccine formulations using our minimally invasive intradermal electroporation delivery system, which is designed to directly access the skin tissue that is most ideal for inducing preventive antibody responses. Inovio’s ultimate goal is to develop a broadly cross-protective influenza vaccine simultaneously targeting multiple flu sub-types and unmatched strains within subtypes. We are approaching this goal in a modular manner and we look forward to generating data from this study using a multi-antigen vaccine, which we expect in the first quarter of 2012.”

Comerica (CMA) Gets Fed Go-Ahead to Acquire Sterling Bancshares (SBIB)

In Wednesday after-hours trading, Dallas-based Comerica Inc. announced that it has received approval from the Board of Governors of the Federal Reserve System to acquire Sterling Bancshares, Inc. (Nasdaq: SBIB). The Texas Department of Banking has also approved the acquisition.

Closing of the deal will be of effect at 12:01 a.m. CT on July 28, 2011, contingent upon the terms and conditions of the merger agreement, and after expiration of the required 15-day Department of Justice waiting period associated with the Federal Reserve Board’s approval order. Sterling shareholders already approved the merger deal on May 5, 2011.

“We continue to be excited about the opportunity to significantly boost our Texas presence with the acquisition of Sterling,” commented Comerica CEO Ralph W. Babb Jr. “Sterling’s branch network is very appealing, and the bank has a very attractive deposit base. We believe these positive attributes give us the ability to leverage additional marketing capacity to offer a wide array of products through a larger distribution network, particularly to middle market companies and small businesses. We are pleased with the timing of this acquisition as we are gaining momentum in our Texas market. We anticipate a smooth and seamless transition. The more work we do and the better we get to know Sterling, the more confident we are in the fit of our two organizations. We look forward to welcoming Sterling customers and employees to Comerica as we begin this new chapter in our Texas banking history.”

The deal, first announced January 18, 2011, will result in each outstanding share of Sterling being exchanged for 0.2365 shares of Comerica stock at closing; fractional shares will be paid in cash.

Ahead of the news, normal trading saw a tepid 1.43% rise of Sterling shares to $7.81 on light volume of 329,461 shares. Sterling shares have traded as high as $9.37 in the past year. Comerica stock closed slightly down Wednesday at $33.10. Based on these closing prices, Sterling shareholders would receive a negligible value edge over the preferred 0.2365 ratio, as the current ratio is only 0.23595. Neither company is seeing much in the lines of shareholder support in today’s trading with both companies down approximately 2 percent heading into the closing bell.

Currently, Comerica has banking operations in Texas, Arizona, California, Florida, and Michigan, with other businesses operating in various other states, plus Canada and Mexico. As of March 31, 2011, Comerica public filings reported total company assets of $55.0 billion.

Comerica is among the twenty largest banking companies in the U.S., sometimes using novel self-promotion techniques, as in 1998 when it acquired the naming rights to the downtown-Detroit stadium of the Detroit Tigers, which it dubbed ‘Comerica Park’, and for which privilege it agreed to pay $66 million over a 30-year period.

Neuralstem Inc. (CUR) Receives Notice of Allowance for Patent Applications

Today, Neuralstem, Inc. announced that it has received notice of allowance for U.S. Patent Applications 12/939,897 and 12/939,914 entitled: “Compositions to Effect Neuronal Growth.” These patents cover three new compounds and include structure and method claims for inducing neurogenesis and the in-vitro and in-vivo growth of new neurons.

Neuralstem’s first neurogenic patented compound is currently in a FDA-approved Phase I safety trial in major depressive disorder. Phase IA of the trial, which will use healthy volunteers, is scheduled to be completed in August. The Phase IB safety trial, which will use depressed patients, will commence this fall.

“These patents cover additional new chemical entities from our neurogenic program and broaden our potential clinical development pipeline,” said Karl Johe, Ph.D., Neuralstem Chairman and Chief Scientific Officer. “Our proprietary neural stem cell technology allows for a unique window into the process of neurogenesis. Through this, we’ve discovered novel chemical compounds that are truly neurogenic. We believe that our portfolio of neurogenic compounds will be at the forefront of novel treatments for psychiatric and cognitive diseases that focus on neural regeneration, not just brain chemistry.”

Richard Garr, Neuralstem President & CEO, added, “This is also an important validation of our screening platform. We are not only able to identify neurogenic and neuroprotective compounds by screening against our cells, but we can also identify novel, patentable compounds, across a diverse chemical library. As the patents run out across the industry on many CNS drugs, we believe Neuralstem is well-positioned to provide value to our future development partners.”

ECOtality, Inc. (ECTY) Partners with car2go for Next Era of Carsharing

ECOtality, Inc., a leading clean electric transportation and storage technologies provider, has teamed up with car2go N.A. LLC, a subsidiary of Daimler North America Corp., to provide electric vehicle (EV) charging infrastructure to support the largest fleet of EVs in the United States.

Per the agreement, ECOtality will support the first 100 percent electric car sharing program in North America, with plans for roughly 300 fortwo EVs in San Diego beginning late 2011.

car2go’s all-electric program will provide more than 40,000 members with more than 1,000 low-emission smart fortwo vehicles across four cities.

“Innovative car-sharing programs like car2go’s service are pivotal to encouraging the mainstream adoption of electric vehicles,” Jonathan Read, CEO of ECOtality stated in the press release. “As we deploy approximately 1,000 Blink charging stations in the San Diego region as part of The EV Project, we are creating the robust public infrastructure necessary for car2go’s program to succeed. Together, we will show that EVs are a perfect fit for the lifestyle of San Diego drivers.”

The program is designed to accommodate residents in the San Diego area that recognize the shifting trend toward carsharing, as well as to develop appropriate infrastructure.

“The launch of an all electric vehicle fleet marks a new era in carsharing in North America,” said Nicholas Cole, president and CEO of car2go. “San Diego is a forward-thinking city determined to meet future transportation demands of its residents. Our goal is to complement the existing transportation infrastructure by providing an emission-free carsharing service for short and spontaneous one-way trips.”

As the project manager, ECOtality said it will oversee the installation of approximately 14,000 commercial and residential charging stations in 18 major cities and metropolitan areas in six states and the District of Columbia.

For more information, visit www.ecotality.com or www.theevproject.coom

PositiveID Corp. (PSID) Reports Positive Progression for Diabetes Glucose Monitoring System

PositiveID Corp., developer of medical technologies for diabetes management, clinical diagnostics and bio-threat detection, has successfully created and tested a continuous glucose sensing system that measures glucose levels in individuals with diabetes.

GlucoChip is based on the proprietary chemistry platform developed by Receptors LLC, a manufacturer of smart materials products for the healthcare industry, providing a key component of the glucose-sensing microchip.

PositiveID and Receptors worked together to create the system, which integrates specifically designed synthetic materials to interact competitively with changing physiological blood glucose levels, generating a reproducible, measurable response.

“We are very proud to say that we, in conjunction with the skilled team of scientists at Receptors, have completed our goal of developing a stable and reproducible glucose-sensing system,” Scott R. Silverman, chairman and CEO of PositiveID, said stated in the press release. “By overcoming this significant hurdle in the development of GlucoChip and accomplishing this pivotal goal, the company will begin to look for major partners to accelerate the remaining development of GlucoChip, a project that has the potential to revolutionize the way people with diabetes monitor their glucose levels.”

As the company works toward optimizing the glucose-sensing system, it will focus on incorporating the glucose-sensing system with a micro-electromechanical system signal transduction unit and the electronics of its RFID microchip. The company said it believes this technology offers individuals with diabetes a less invasive way of monitoring their glucose levels compared to currently available systems.

GlucoChip is based on PositiveID’s FDA-cleared microchip for patient identification, the VeriChip.

For more information visit www.PositiveIDCorp.com

Vibra Bank (VBBK) Swings to Profit YoY in Q2, HY2011

Vibra Bank today announced its unaudited financial results for the second quarter and six months ended June 30, 2011, reflecting its focus on the Hispanic business and professional market in San Diego County.

“We are pleased to report a continuing expansion of the profitability which began in the fourth quarter of 2010? Vibra Bank Chairman Enrique Schon stated in the press release. “Our continued success is the result of efforts to extend credit to small businesses, and demonstrates the power of our bicultural focus, our local decision-making, and our commitment to excellent service.”

For the second quarter ended June 30, 2011, the bank reported net profit of $329,000 compared to a loss of $119,000 for the comparable quarter of 2010.

For the six-month period ended June 30, 2011, the bank reported net profit of $464,000 compared to a loss of $393,000 for the comparable six months of the year prior.

Vibra Bank CEO Scott Parker said the bank has expanded its small business lending focus, noting the bank’s ability to achieve positive results in a tough economy. The bank reports zero non-performing loans or foreclosed real estate.

As of June 30, 2011, Vibra Bank reported total assets of $77.8 million, including total gross loans of $57.6 million; total deposits were posted at$64.3 million, and total equity at $11.5 million.

For more information visit www.vibrabank.com

Magal Security Systems Ltd. (MAGS) PipeGuard Technology passes 12 for 12 in Product Trials

Magal Security Systems Ltd., an international provider of security, safety and site management solutions and products, today announced it has received official notification from Mexican state-owned petroleum company Pemex regarding Magal’s sub-terrain intrusion detection sensor, PipeGuard [TM].

PipeGuard is a patent detection system used for underground asset protection. The technology is applicable to the protection of pipelines, communication lines, prisons and bank vaults, to thwart terrorism, theft, tunneling attempts and inadvertent third-party damage.

Pemex recently conducted a trial involving actual excavation operations near a buried pipe and was performed manually using shovels or picks. The trial began in March 2011 along a pipe segment of 1,300 meters, which was protected by eight sensors communicating through standard cellular links to the remote command center.

Demonstrating its ability to distinguish between nuisance alarms and real events, the PipeGuard successfully detected 12 excavations out of 12 attempts with no false alarms.

“The PipeGuard system drew the attention of the customer due to its unique capability to proactively alert when excavations are just starting rather than after the pipe has been penetrated, to enable effective and early response,” Yehonathan Ben Hamozeg, senior VP of R&D and Projects of Magal stated in the press release. “We are proud to receive third-party validation of the outstanding performance of the system and hope to leverage the success into commercial projects.”

For more information visit http://www.magal-ssl.com

RF Monolithics, Inc. (RFMI) Completes Distribution Partnership with Future Electronics

Dallas, Texas-based RF Monolithics, Inc. (RFM)., a provider of M2M and wireless communications-enabling technology, yesterday announced it has signed a worldwide franchise distribution agreement with Canada-based Future Electronics, an innovator in the distribution and marketing of electronic components.

Per the agreement, Future Electronics will provide global sales, design support and fulfillment services for RFM-certified RF modules, short-range IC radios, and RF components products.

RFM’s technologies and components can be integrated into a wide variety of common M2M and communications applications, which expands Future Electronics’ market reach.

“RFM’s extensive product portfolio targets the burgeoning demand for RF products in the M2M industry that consume very little power and are highly reliable. As a result, RFM’s products give Future Electronics a broader horizon of customers than ever before,” Todd Fiske, vice president of RF & Wireless Solutions for Future Electronics stated in the press release. “Many of RFM products operate in the 2.4 GHz band in a broad assortment of technologies, plus a wide range of ISM bands. Adding all these products into our product mix increases our ability to create design solutions across a wide range of applications and markets for our global customers.”

Duane Covell, RFM’s director of Worldwide Distribution, noted Future Electronics’ Web platform and distribution capabilities, which make it effective at serving the small-volume market space, as well as the large production market.

“As a result, RFM customers can competitively source R&D, prototyping and production quantities from the same global distributor – Future Electronics,” Covell stated. “A key benefit for RFM customers will be the use of our developer kits in the Future Electronics Tool Loaner Program during initial platform evaluation, verification and design process conducted with customers. Opportunities such as this where RFM and Future Electronics partners together to support customers are why we look forward to our relationship with Future Electronics.”

For more information visit www.RFM.com or www.futureelectronics.com

Gasco Energy, Inc. (GSX) Reports on Operations for the Second Quarter of 2011

Gasco Energy, Inc. issued an operations update on recent oil and gas development activity on the company’s properties in Utah and California.

Gasco Energy is involved with the Riverbend Project where the company is targeting the Green River formation. The company is finalizing the federal permit applications on two proposed wells here and expects to spud the wells during the third quarter of 2011. The Riverbend Project is located in the Uinta Basin in Utah.

Gasco Energy is operating 133 gross wells as of the end of the second quarter of 2011. The company has eighteen wells that are waiting on recompletions and one well waiting on initial completion operations.

Gasco Energy reported net production of 947 million cubic feet of natural gas equivalents in the second quarter of 2011. This production was composed of 887 million cubic feet of natural gas and 10,000 barrels of oil and other liquid hydrocarbons.

Gasco Energy said that this level of production represented a 1.3% sequential decrease from the fourth quarter of 2010. The company attributed the decline to the poor performance of a compression system owned by a third party.

For more information on the company, go to www.gascoenergy.com

Sky Power Solutions Corp. (SPOW) Takes on the Grid

When new technologies are implemented, they often end up moving in directions that are different than originally anticipated, resulting in structural changes within the industries they affect. Such appears to be the case with solar power, the use of non-polluting sunlight to generate energy. When it comes to the generation of electrical power, it’s natural for people to think of big centralized power plants, traditionally the only efficient way to incorporate the large scale structures necessary for the job. However, although efforts continue to apply solar technologies to centralized power generation, there is increasing momentum in the other direction, the decentralized generation of power.

Part of this is due to the exceptional ability of solar technologies to be scaled down to the individual residential or business level. While hydroelectricity, coal, or nuclear options have always been limited to full size plants, solar technology is readily applicable to even the smallest applications. But another reason for the increased interest in decentralized solar power generation is a growing public concern about the reliability and cost of the nation’s, and the world’s, electrical grid. As the problems of generating electricity the old fashioned way, with fossil fuels or nuclear fission, become more pressing, and associated costs creep steadily upward, there is an increased desire for personal energy independence, something that solar is uniquely able to provide.

At the heart of this expanding energy independence movement is Sky Power Solutions Corp., a North Carolina company that incorporates the next generation of lithium ion battery technology, together with a novel solar concentrating collector design, to create a cost-effective stand-alone, residential solar power generation system. The system’s entry level price is expected to be approximately $5,000 at release with the ability to reduce the average user’s monthly electric grid consumption by an impressive 30%-40%. And, of course, all of this includes solar’s well-known assurance of zero emissions and zero carbon footprint.

The Sky Power Concentrated Solar generator has already received positive reports in international media, and the company has also been selected as the exclusive provider of advanced lithium ion battery technology to Li-ion Motors Corp., for use in their all-electric automobiles.

Sky Power Solutions Corp. (SPOW) Takes on the Grid

When new technologies are implemented, they often end up moving in directions that are different than originally anticipated, resulting in structural changes within the industries they affect. Such appears to be the case with solar power, the use of non-polluting sunlight to generate energy. When it comes to the generation of electrical power, it’s natural for people to think of big centralized power plants, traditionally the only efficient way to incorporate the large scale structures necessary for the job. However, although efforts continue to apply solar technologies to centralized power generation, there is increasing momentum in the other direction, the decentralized generation of power.

Part of this is due to the exceptional ability of solar technologies to be scaled down to the individual residential or business level. While hydroelectricity, coal, or nuclear options have always been limited to full size plants, solar technology is readily applicable to even the smallest applications. But another reason for the increased interest in decentralized solar power generation is a growing public concern about the reliability and cost of the nation’s, and the world’s, electrical grid. As the problems of generating electricity the old fashioned way, with fossil fuels or nuclear fission, become more pressing, and associated costs creep steadily upward, there is an increased desire for personal energy independence, something that solar is uniquely able to provide.

At the heart of this expanding energy independence movement is Sky Power Solutions Corp., a North Carolina company that incorporates the next generation of lithium ion battery technology, together with a novel solar concentrating collector design, to create a cost-effective stand-alone, residential solar power generation system. The system’s entry level price is expected to be approximately $5,000 at release with the ability to reduce the average user’s monthly electric grid consumption by an impressive 30%-40%. And, of course, all of this includes solar’s well-known assurance of zero emissions and zero carbon footprint.

The Sky Power Concentrated Solar generator has already received positive reports in international media, and the company has also been selected as the exclusive provider of advanced lithium ion battery technology to Li-ion Motors Corp., for use in their all-electric automobiles.

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Hollysys (HOLI) Finalizes CCPL Acquisition for $43.2M

Hollysys Automation Technologies Ltd., provider of automation and control technologies and applications in China, today announced it has completed its acquisition of Concord Corporation Pte Ltd. and its group of companies (CCPL) for approximately $43.2 million.

Headquartered in Singapore, CCPL provides electrification related services to rail and industrial industrials in South-East Asia and the Middle East. Hollysys said it expects the acquisition to generate increased cross selling of its existing product lines in CCPL’s target markets.

“We are very pleased to have closed the acquisition of CCPL. The seasoned and high-caliber management team will remain intact, and the daily operation of CCPL will not be impacted by the acquisition transaction,” Dr. Changli Wang, CEO and chairman of Hollysys stated in the press release. “CCPL has demonstrated its penetration and execution capability in its years of strong track record and will continue to expand its footprints in Southeast Asia and Middle East with Hollysys as its backbone supporter.”

Chim Swee Yong, group executive chairman of CCPL, said the company has received positive feedback from its clients and employees regarding the acquisition and that it anticipates continued growth leveraged by Hollysys’ brand name and R&D, customization and production capability.

The total payment for the acquisition is a combination of approximately $33.5 million cash and approximately 1 million shares of Hollysys common stock.

For more information visit www.hollysys.com

Scorpex, Inc. (SRPX) CEO Interview Featured on SmallCapVoice.com

SmallCapVoice.com, Inc. today told investors that a new audio interview with Scorpex, Inc. is now available. The interview can be heard at the following link: http://smallcapvoice.com/blog/7-8-11-audio-interview-with-scorpex-inc-pink-sheets-srpx

A recognized corporate investor relations firm, with clients nationwide, SmallCapVoice is known for its ability to help emerging growth companies build a following among retail and institutional investors. The firm offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools include stock charts, stock alerts, and client information sheets that can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.

Mitek Systems Inc. (MITK) Shares to be Listed on NASDAQ Capital Market

Mobile-imaging applications experts, Mitek Systems, Inc., announced that the company has been approved for the listing of its shares on the NASDAQ Capital Market. An industry leader, Mitek’s mobile-imaging applications use smartphone cameras for check deposits, bill payments and ACH enrollments.

Mitek’s patented flagship mobile-banking product, Mobile Deposit®, enables users to deposit checks via their smartphone by snapping photos of the paper documents with the phone’s built in camera. It is secure, accurate, and convenient, eliminating visits to bank branches and ATMs. Mobile Deposit is in the process of being deployed by six of the top 10 retail banks in the United States, and by dozens of other banks, credit unions, brokerage firms and payment facilitators.

The company expects to begin trading on the NASDAQ Market on July 14, 2011, under the ticker symbol “MITK.” Prior to the transition, Mitek’s common stock will continue to trade on the OTC Bulletin Board under the current ticker symbol “MITK.OB.”

“We are pleased to announce Mitek’s listing on the NASDAQ Capital Market,” said James B. DeBello, President and CEO of Mitek Systems. “We believe the move to NASDAQ greatly increases the visibility of our shares in the market and reflects the company’s strong growth in mobile payments.”

Colorado Rare Earths, Inc. (CALY) Announces Staking Over 8,000 Acres

On Monday, Colorado Rare Earths, Inc. announced that they staked in excess of 8,000 acres in and around the Lemhi Pass District located in Idaho and Montana. The Company’s new claims in Idaho follow their April 2011 staking of an additional 4,000 acres in Colorado’s Iron Hill and Wet Mountains mineral belts.

Mr. Greg Schifrin, President of Colorado Rare Earths, Inc., said, “Our staking at Lemhi Pass adds to our portfolio of significant REE properties in Colorado. Taken together, Colorado Rare Earths’ claims now include some of the most prospective REE properties in the U.S.”

Colorado Rare Earths, Inc. CEO, Mr. Mike Parnell, said, “CREC continues its aggressive exploration model to identify and stake principal REE Deposits in the United States. We now have strong property positions within the Iron Hill-Powderhorn Property, located in Gunnison County, Colorado, the Wet Mountains Property, located in Freemont County and Custer County, Colorado, and now the Lemhi Pass District located in Lemhi County, Idaho, and Ravalli County, Montana.”

Mr. Parnell further said, “With the Department of Energy’s findings showing Lemhi Pass as having the largest concentrations of Heavy Rare Earths in the United States and among the largest in the world, we’re confident our new claims in the Lemhi Pass District will offer significant synergies as we develop our Colorado claims.”

The United States Geological Survey report, released in December 2010, “The Principal Rare Earth Elements Deposits of the United States,” lists the Lemhi Pass District among the major Rare Earth Element (REE) deposits in the United States. The December 2010 Department of Energy Critical Materials Strategy reports that the Lemhi Pass District hosts significant concentrations of Heavy Rare Earths critical to green-tech and national security applications.

Currently, Colorado Rare Earths, Inc. is completing a private placement that will fund their 2011 Exploration Program. This program will now include the Lemhi Pass District as well as the Colorado properties.

Colorado Rare Earths, Inc. is a mineral claims acquisition company that lists on the OTC Bulletin Board. The Company is presently focusing on rare earth elements (REE). They own a 100 percent interest in a group of Colorado, unpatented, mineral claims; the Iron Hill Property, located in Gunnison County. They also own a 100 percent interest in a group of unpatented mineral claims including the Wet Mountains Property which are in Freemont and Custer Counties.

The Rare Earth Elements (REE) is a group of seventeen metals. The rare earths were discovered in 1787 by Swedish Army Lieutenant Carl Axel, and then commercialized when the incandescent lamp mantle industry was established in 1884. This was with mantles of zirconium, lanthanum, and yttrium oxides. Later improvements required only the oxides of thorium and cerium.

Scorpex, Inc. (SRPX) CEO Interview Featured on SmallCapVoice.com

SmallCapVoice.com, Inc. today told investors that a new audio interview with Scorpex, Inc. is now available. The interview can be heard at the following link: http://smallcapvoice.com/blog/7-8-11-audio-interview-with-scorpex-inc-pink-sheets-srpx

A recognized corporate investor relations firm, with clients nationwide, SmallCapVoice is known for its ability to help emerging growth companies build a following among retail and institutional investors. The firm offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools include stock charts, stock alerts, and client information sheets that can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.

SRPX CEO Interview Featured on SmallCapVoice.com

SmallCapVoice.com, Inc. today told investors that a new audio interview with Scorpex, Inc. is now available. The interview can be heard at the following link: http://smallcapvoice.com/blog/7-8-11-audio-interview-with-scorpex-inc-pink-sheets-srpx

A recognized corporate investor relations firm, with clients nationwide, SmallCapVoice is known for its ability to help emerging growth companies build a following among retail and institutional investors. The firm offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools include stock charts, stock alerts, and client information sheets that can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.

Scorpex, Inc. (SRPX) Announces Definitive Agreement to Acquire Scorpex International

Scorpex, Inc. was pleased to announce today that it has entered into a definitive agreement to acquire Scorpex International, Inc. The acquisition has been effected through the merger of a direct wholly-owned subsidiary of the company with Scorpex International. Scorpex International is now a wholly-owned subsidiary of the company.

Formerly known as Scorpion International Waste Solutions, Inc., Scorpex International, Inc. is a development stage company in the hazardous and toxic waste industry. With its first facility located near Ensenada, Mexico, the company is developing its first property for the storage, recycling, treatment, and disposal of hazardous waste. Once completed, Scorpex International will have the only industrial waste processing facility of its kind in Baja Mexico.

It is intended that the transaction will qualify for a tax free plan of reorganization pursuant to the provision of Sections 368(a)(1)(B) of the Internal Revenue Code of 1985, as amended. Pursuant to the terms of the agreement, each issued and outstanding share of Scorpex International stock, other than those cancelled, has been converted into the right to receive 75 percent of one share of the Company’s stock.

Chief Executive Officer Joseph Caywood commented, “We are very excited to bring this emerging growth story to the public markets and will be working diligently to start the audit process and further increase transparency and industry awareness by engaging a third party valuation company. With access to equity financing, we will be able to accelerate our growth strategy to capitalize on the burgeoning opportunities in the Baja Mexico/California region where demand for waste management exceeds capacity.”

Jones Soda (JSDA) Announces Tasty Deal with WhoopAss Canadian Launch, Toronto Argonauts Sponsorship

Jones Soda Co., manufacturer and distributor of premium beverages, recently announced the availability of its WhoopAss™ energy drink in the Canadian market. The company also announced a one-year sponsorship deal with professional football team, the Toronto Argonauts.

Jones Soda was launched in the Canadian market in 1996. Bill Meissner, CEO of Jones, commented on the company’s ties with Canada and how its deal with the Argonauts supports the team, as well as Jones Soda.

“Jones has roots dating back to Canada, and many of our biggest fans are Canadian, so we are always looking for opportunities to integrate in the market and give back,” Meissner stated in the press release. “Our partnership with the Argonauts will help introduce our popular WhoopAss energy drink internationally, and we couldn’t think of a better way to do than with a tough football team.”

Jones Soda has a reputation for unique, grassroots marketing, such as the partnership with the Argonauts, which provides Jones Soda with a cash sponsorship to the Argonauts in exchange for integrated marketing and promotional initiatives, including giveaways, branded merchandise, contests and more.

Jones Soda will hold product tastings outside Roger Centre’s main entrance, and the Argonauts will be included in certain Jones Soda’s advertising campaigns.

“The young and fun appeal of the Jones brand is a key component of our partnership, as it perfectly aligns with our fan base,” David Bedford, vice-president of marketing and communications for the Toronto Argounauts stated. “We’ve been partnering with them since 2009, it’s been a great success, and we’re eager to continue the momentum.”

For more information visit www.jonessoda.com

SEFE, Inc.’s (SEFE) Clear Strategy for a True Energy Market and the Technology to Create it

SEFE, Inc. has developed the intellectual property and subsequent technology for a system that can harvest electricity directly from the endless sea of static electricity in our atmosphere.

The Company doesn’t like to think of this as alternative energy. SEFE calls it True Energy, because they are drawing current directly from the source, not trying to generate current by some secondary means.

President of SEFE, Wayne Rod, in conjunction with Executive VP, Mark Ogram, founded the Company with the vision for a platform based on atmospheric energy harvesting which would effectively dominate the market due to superior cost, function and performance.

Rod co-founded the successful technology licensing company Net MoneyIN, Inc., with Ogram, prior to the formation of SEFE and has done extensive legal work in the private sector in addition to being a principal of “ATM easy” encryption solution developer BabelSecure LLC.

Ogram is a BS/MS in Systems Engineering (University of Arizona) with two years at Hughes Aircraft prior to attending Pepperdine University for his law degree (1979). A patent attorney for Texas Instrument before returning to private work in the early 80’s, Ogram spent the next decade developing the fundamental internet-based third party payment system concepts behind most of today’s internet Credit Card purchases.

The technology and market strategy these men have developed for SEFE is nothing short of revolutionary. Superior to existing alternative energy sources like wind and nuclear in terms of cost and overall performance, the SEFE system is also environmentally friendly with no substantial carbon footprint.

This type of technology, when the system has become ubiquitous within the energy industry and production scaled up to the point where standardized manufacturing of the various components matures into a thriving industry of its own, could have a substantial impact on our reliance on the vast majority of other forms of energy.

Anyone who has ever witnessed the power of nature first hand, such as a massive thunderstorm or a great bolt of lightning, instinctively realizes the true potential of ambient electrical charge in the earth’s atmosphere.

Plugging into that global atmospheric circuit, the way you would plug in a toaster, seems like science fiction, but SEFE has taken the first major steps towards the realization of such an incredible goal with the design of their commercial grade Harmony III system.

An entire fleet of up to 200 SEFE units can be linked together and managed seamlessly via secure encrypted wireless network from the Company’s Network Operations Center, where diagnostic functions and remote situational awareness can be readily established.

The promise of such systems in an increasingly strong regulatory environment makes utility companies and businesses which have an independent energy supply strategy particularly good candidates for SEFE technology.

As states like California ramp up renewable energy requirements, SEFE is there with a solution that could meet everyone’s highest expectations and do so without blotting out the horizon with wind turbines or having to wait on the performance/proliferation of other costly solutions like solar.

PositiveID Corp. (PSID) Submits FDA 510(k) Application for Mobile Diabetes Health System

PositiveID Corp. develops unique medical devices and biological detection systems. The company’s primary focus is on diabetes management, rapid clinical diagnostic testing and airborne bio-threat detection.

The company announced today that it has submitted its 510(k) pre-market notification application for its iglucose mobile health system for diabetes management to the US Food and Drug Administration. Positive ID’s iglucose is a wireless communication system that facilitates diabetes management by automatically creating electronic logs and journals of blood glucose readings to help ensure patient compliance and data accuracy.

PositiveID’s iglucose automatically shares this information with family members, caregivers and, most importantly, healthcare professionals. This eliminates the burden of keeping a logbook and empowers people with diabetes to be more engaged in the self-management of their condition. It also helps the patients’ doctors to more easily judge the efficacy of the medication given to treat the patient’s diabetes.

In addition to iglucose, the company continues the development of its other diabetes management projects. These include the non-invasive Easy Check breath glucose detection device and GlucoChip, a glucose-sensing implantable microchip.

For additional information on PositiveID, please visit its website at www.PositiveIDCorp.com

Titan Pharmaceuticals Inc. (TTNP) Posts Top-line Clinical Trial Results for Opioid Addiction Treatment

Titan Pharmaceuticals Inc. today released positive results from its phase 3 clinical study of Probuphine™ to evaluate the safety and efficacy of the drug in treating patients with opioid dependence. The drug was developed using Titan’s continuous drug delivery system ProNeura.

The company reported statistically significant results from the study, which confirmed the efficacy of Probuphine compared to placebo. Probuphine also met a key trial objective by demonstrating non-inferiority to treatment with the approved drug Suboxone®. In addition, the trial demonstrated that Probuphine was well tolerated, with an overall safety profile similar to previous study results.

Based on the results, Titan said it plans to request a meeting with the U.S. Food and Drug Administration (FDA) this fall to review the Probuphine development plan and for filing a New Drug Application.

“We are highly encouraged by these compelling findings, which confirm the positive results from our previously reported, placebo-controlled study, and believe that Probuphine represents an important medical advance in the effective treatment of patients suffering from opioid addiction,” Katherine L. Beebe, Ph.D., principal investigator for the study, and executive vice president and chief development officer of Titan stated in the press release. “We look forward to continuing our ongoing dialogue with regulatory authorities to efficiently advance Probuphine toward approval and also to progressing discussions with potential commercialization business partners.”

Lead investigator in the study, Walter Ling, M.D., is also professor of psychiatry and director of Integrated Substance Abuse Programs at the David Geffen School of Medicine at UCLA. Dr. Ling expressed the deep need for treatment to combat but also noted ongoing concerns in the clinical community.

“While buprenorphine has made a dramatic impact in the clinical treatment of opioid addiction, there is still a concern among physicians about compliance and diversion and the potential for abuse with the sublingual formulations of the drug,” Dr. Ling stated. “Probuphine has again shown the potential to alleviate those concerns while providing patients with a consistent and effective dose of buprenorphine. These findings are extremely important to the clinical community as opioid addiction is an undeniable — and growing — healthcare issue and there is a critical need for safe and effective treatments that offer patients relief without serious concerns of diversion and potential for abuse.”

For more information visit www.titanpharm.com

SRPX has a long-term focus and so does our firm

Company Profile:

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.

Joseph Caywood is the founder of Scorpex International and has developed the project for several years. His efforts have included overseeing construction, land acquisition, site development, permit applications, governmental relations, and submitting focused studies and reports by experts in this industry. As a result of his efforts, Scorpex will have the only industrial waste processing facility of its kind in Baja Mexico.

The Mexican economy has experienced significant growth in the manufacturing sector over the past several years. This growth has been fuelled by the NAFTA treaty and investments from foreign national companies. The growth of both new and existing industries has dramatically increased the need for the disposal of industrial waste throughout Mexico, especially in the Baja California region.

The company's future expansion plans include constructing other strategically placed, specially designed, storage, recycling and disposal facilities in various locations throughout Mexico. All facilities will be designed specifically for the purpose of processing the nation's growing industrial waste, including materials that are classified as industrial, toxic, and hazardous.

Key Investment Highlights

Burgeoning Opportunities in Rapidly Growing Sector
Creating a Cleaner Environment for Surrounding Communities
Developing the Only Processing Facility of its Kind in Baja Mexico
Solid Business Strategy to Capitalize on Nationwide Demand

SEFE, Inc.’s (SEFE) Clear Strategy for a True Energy Market and the Technology to Create it

SEFE, Inc. has developed the intellectual property and subsequent technology for a system that can harvest electricity directly from the endless sea of static electricity in our atmosphere.

The Company doesn’t like to think of this as alternative energy. SEFE calls it True Energy, because they are drawing current directly from the source, not trying to generate current by some secondary means.

President of SEFE, Wayne Rod, in conjunction with Executive VP, Mark Ogram, founded the Company with the vision for a platform based on atmospheric energy harvesting which would effectively dominate the market due to superior cost, function and performance.

Rod co-founded the successful technology licensing company Net MoneyIN, Inc., with Ogram, prior to the formation of SEFE and has done extensive legal work in the private sector in addition to being a principal of “ATM easy” encryption solution developer BabelSecure LLC.

Ogram is a BS/MS in Systems Engineering (University of Arizona) with two years at Hughes Aircraft prior to attending Pepperdine University for his law degree (1979). A patent attorney for Texas Instrument before returning to private work in the early 80’s, Ogram spent the next decade developing the fundamental internet-based third party payment system concepts behind most of today’s internet Credit Card purchases.

The technology and market strategy these men have developed for SEFE is nothing short of revolutionary. Superior to existing alternative energy sources like wind and nuclear in terms of cost and overall performance, the SEFE system is also environmentally friendly with no substantial carbon footprint.

This type of technology, when the system has become ubiquitous within the energy industry and production scaled up to the point where standardized manufacturing of the various components matures into a thriving industry of its own, could have a substantial impact on our reliance on the vast majority of other forms of energy.

Anyone who has ever witnessed the power of nature first hand, such as a massive thunderstorm or a great bolt of lightning, instinctively realizes the true potential of ambient electrical charge in the earth’s atmosphere.

Plugging into that global atmospheric circuit, the way you would plug in a toaster, seems like science fiction, but SEFE has taken the first major steps towards the realization of such an incredible goal with the design of their commercial grade Harmony III system.

An entire fleet of up to 200 SEFE units can be linked together and managed seamlessly via secure encrypted wireless network from the Company’s Network Operations Center, where diagnostic functions and remote situational awareness can be readily established.

The promise of such systems in an increasingly strong regulatory environment makes utility companies and businesses which have an independent energy supply strategy particularly good candidates for SEFE technology.

As states like California ramp up renewable energy requirements, SEFE is there with a solution that could meet everyone’s highest expectations and do so without blotting out the horizon with wind turbines or having to wait on the performance/proliferation of other costly solutions like solar.

Clear Strategy for a True Energy Market and the Technology to Create it

SEFE, Inc. has developed the intellectual property and subsequent technology for a system that can harvest electricity directly from the endless sea of static electricity in our atmosphere.

The Company doesn’t like to think of this as alternative energy. SEFE calls it True Energy, because they are drawing current directly from the source, not trying to generate current by some secondary means.

President of SEFE, Wayne Rod, in conjunction with Executive VP, Mark Ogram, founded the Company with the vision for a platform based on atmospheric energy harvesting which would effectively dominate the market due to superior cost, function and performance.

Rod co-founded the successful technology licensing company Net MoneyIN, Inc., with Ogram, prior to the formation of SEFE and has done extensive legal work in the private sector in addition to being a principal of “ATM easy” encryption solution developer BabelSecure LLC.

Ogram is a BS/MS in Systems Engineering (University of Arizona) with two years at Hughes Aircraft prior to attending Pepperdine University for his law degree (1979). A patent attorney for Texas Instrument before returning to private work in the early 80’s, Ogram spent the next decade developing the fundamental internet-based third party payment system concepts behind most of today’s internet Credit Card purchases.

The technology and market strategy these men have developed for SEFE is nothing short of revolutionary. Superior to existing alternative energy sources like wind and nuclear in terms of cost and overall performance, the SEFE system is also environmentally friendly with no substantial carbon footprint.

This type of technology, when the system has become ubiquitous within the energy industry and production scaled up to the point where standardized manufacturing of the various components matures into a thriving industry of its own, could have a substantial impact on our reliance on the vast majority of other forms of energy.

Anyone who has ever witnessed the power of nature first hand, such as a massive thunderstorm or a great bolt of lightning, instinctively realizes the true potential of ambient electrical charge in the earth’s atmosphere.

Plugging into that global atmospheric circuit, the way you would plug in a toaster, seems like science fiction, but SEFE has taken the first major steps towards the realization of such an incredible goal with the design of their commercial grade Harmony III system.

An entire fleet of up to 200 SEFE units can be linked together and managed seamlessly via secure encrypted wireless network from the Company’s Network Operations Center, where diagnostic functions and remote situational awareness can be readily established.

The promise of such systems in an increasingly strong regulatory environment makes utility companies and businesses which have an independent energy supply strategy particularly good candidates for SEFE technology.

As states like California ramp up renewable energy requirements, SEFE is there with a solution that could meet everyone’s highest expectations and do so without blotting out the horizon with wind turbines or having to wait on the performance/proliferation of other costly solutions like solar.

Scorpex, Inc. (SRPX) Announces Definitive Agreement to Acquire Scorpex International

Scorpex, Inc. was pleased to announce today that it has entered into a definitive agreement to acquire Scorpex International, Inc. The acquisition has been effected through the merger of a direct wholly-owned subsidiary of the company with Scorpex International. Scorpex International is now a wholly-owned subsidiary of the company.

Formerly known as Scorpion International Waste Solutions, Inc., Scorpex International, Inc. is a development stage company in the hazardous and toxic waste industry. With its first facility located near Ensenada, Mexico, the company is developing its first property for the storage, recycling, treatment, and disposal of hazardous waste. Once completed, Scorpex International will have the only industrial waste processing facility of its kind in Baja Mexico.

It is intended that the transaction will qualify for a tax free plan of reorganization pursuant to the provision of Sections 368(a)(1)(B) of the Internal Revenue Code of 1985, as amended. Pursuant to the terms of the agreement, each issued and outstanding share of Scorpex International stock, other than those cancelled, has been converted into the right to receive 75 percent of one share of the Company’s stock.

Chief Executive Officer Joseph Caywood commented, “We are very excited to bring this emerging growth story to the public markets and will be working diligently to start the audit process and further increase transparency and industry awareness by engaging a third party valuation company. With access to equity financing, we will be able to accelerate our growth strategy to capitalize on the burgeoning opportunities in the Baja Mexico/California region where demand for waste management exceeds capacity.”

SRPX Announces Definitive Agreement to Acquire Scorpex International

Scorpex, Inc. was pleased to announce today that it has entered into a definitive agreement to acquire Scorpex International, Inc. The acquisition has been effected through the merger of a direct wholly-owned subsidiary of the company with Scorpex International. Scorpex International is now a wholly-owned subsidiary of the company.

Formerly known as Scorpion International Waste Solutions, Inc., Scorpex International, Inc. is a development stage company in the hazardous and toxic waste industry. With its first facility located near Ensenada, Mexico, the company is developing its first property for the storage, recycling, treatment, and disposal of hazardous waste. Once completed, Scorpex International will have the only industrial waste processing facility of its kind in Baja Mexico.

It is intended that the transaction will qualify for a tax free plan of reorganization pursuant to the provision of Sections 368(a)(1)(B) of the Internal Revenue Code of 1985, as amended. Pursuant to the terms of the agreement, each issued and outstanding share of Scorpex International stock, other than those cancelled, has been converted into the right to receive 75 percent of one share of the Company’s stock.

Chief Executive Officer Joseph Caywood commented, “We are very excited to bring this emerging growth story to the public markets and will be working diligently to start the audit process and further increase transparency and industry awareness by engaging a third party valuation company. With access to equity financing, we will be able to accelerate our growth strategy to capitalize on the burgeoning opportunities in the Baja Mexico/California region where demand for waste management exceeds capacity.”

Penford Corp. (PENX) Posts Q3 Financial Results with Record Revenues in Both Segments

Penford Corp., developer of renewable ingredient systems for industrial and food applications, today reported its third quarter fiscal 2011 results, posting an increase in sales and a narrower loss. Penford operates through two segments: Industrial Ingredients and Food Ingredients.

Consolidated sales for the quarter ended May 31, 2011, increased 38 percent to $85.2 million compared to consolidated sales of $61.9 million in the year ago quarter. The company attributes the increase to improvements in ethanol volumes and pricing.

Consolidated income from operations for the third quarter increased to $2.5 million compared to an operating loss of $4.1 million in the third quarter of 2010.

The company achieved record quarterly sales of its Food Ingredients segment, up 19 percent to $23.6 million compared to the third quarter of the year prior. The unit reported a 10 percent increase in third quarter operating income to $5.5 million compared to $5.0 million for the comparable quarter of 2010.

The company’s Industrial Ingredients division reported a 47 percent increase in sales to a record $61.6 million compared to $42.0 million reported for the third quarter of 2010. The unit reported an operating loss of $0.7 million for the quarter compared to an operating loss of $6.8 million for the comparable quarter of 2010.

As of May 31, 2011, Penford reported cash flow from operations at $1.7 million, including a $4.4 million contribution to the company’s pension plans.

Outstanding bank debt on the company’s $60 million revolving credit facility was reported at $22.9 million.

For more information visit www.penx.com

Hutchinson Technology Inc. (HTCH) Posts Prelim Q3 Results, Shipping Expectations for Q4

Global technology company Hutchinson Technology Inc. yesterday reported its preliminary results for the third quarter of fiscal 2011, noting a shift in consumer demand and outlook for the upcoming quarter.

For the three months ended June 26, 2011, Hutchinson said it completed roughly 118 million suspension shipments, reflecting a 15 percent increase over second-quarter shipments of 102.3 million.

Net sales for the quarter were approximately $72 million, up 14 percent over second-quarter net sales of $63.3 million.

Wayne Fortun, Hutchinson’s president and CEO, detailed the company’s expectations for the fourth quarter of 2011 based on changing industry demands.

“Our shipments over the last 9 weeks of our third quarter averaged approximately 10 million suspensions per week, and we expect this pace to continue into the fourth quarter. As a result, we currently expect our fourth quarter shipments to exceed our third-quarter shipments,” Fortun stated in the press release. “It appears that demand has shifted to some customer programs where we have stronger positions, and we believe that we are beginning to regain market share. We are leveraging available capacity to respond to the additional customer demand.”

Hutchinson is slated to report its third-quarter results July 26, 2011, after market close.

For more information visit www.htch.com

White Mountain Titanium Corp. (WMTM) Appoints Antonio Luraschi as Project Manager

White Mountain Titanium Corp. recently announced the appointment of Dr. Antonio Luraschi to the position of Project Manager. This appointment would be effective as of August 1, 2011. In this position, Luraschi will be responsible for overseeing the disciplines necessary to take the project to the final feasibility stage, and will report to the president of White Mountain.

White Mountain Titanium holds minion concessions on the Cerro Blanco property in northern Chile, with the prime objective of advancing the 8,225 hectare project to a final engineering feasibility. White Mountain also aims to secure off-take contracts for the planned rutile concentrate output, intending to sell the output to titanium metal and pigment producers.

Luraschi is an accomplished metallurgist and chemical engineer, with degrees from the University of Concepcion in Chile as well as M.I.T. Luraschi has been employed by AMEC International as a metallurgical consulting manager, as well as Chilean engineering firm CADE-IDEPE. He has also contributed to mining projects for Anglo American, Codelco and Xstrata. Luraschi has developed over sixty project engineering solutions in copper pyrometallurgy and electrometallurgy, and extractive metallurgy of gold and silver.

Mike Kurtanjek, president and CEO of White Mountain, said, “I am delighted that Antonio has agreed to join the White Mountain team. He brings a wealth of appropriate experience and expertise to the Cerro Blanco project, having already been involved in the project since 2007. His participation and contribution to the preliminary engineering assessment and the pilot plant test work at SGS in Canada means that he is well versed in the requirements to over-see taking the Cerro Blanco project to final feasibility.”

Tri-Valley (TIV) Subsidiary Inks Lease Exploration Agreement with US Gold (UXG)

Tri-Valley Corp., an oil and natural gas producer in California with two exploration-stage gold properties in Alaska, this week announced that its minerals subsidiary Select Resources Corporation Inc. has inked an agreement with US Gold Corp. for a four-year exploration lease and purchase option for Select’s Richardson Minerals Project in Alaska.

Per the agreement, US Gold will acquire an exploration lease for Richardson, as well as an option to purchase a 60 percent interest in the project, thereby entering into a joint venture with Select for its development.

Maston N. Cunningham, president and CEO of Tri-Valley, said the agreement was completed on schedule and that the companies began exploratory field work on the Richardson site July 5.

“We look forward to working with US Gold on the exploration and development of the Richardson Minerals Project to determine the potential value of prospective intrusive-related gold mineralization, which has been indicated by previous geologic studies,” Cunningham stated in the press release.

Cunningham also said the agreement will enable Select to reduce its operating costs by approximately $200,000 annually.

Select has already received its first payment of $200,000 from US Gold. In addition to subsequent payments of $100,000 for the remaining two years of the exploration lease, if US Gold exercises its option to purchase a 60 percent interest in Richardson, US Gold will complete $5 million in exploration expenditures and 30,000 feet of core drilling.

However, US Gold may terminate the agreement after completing $2.2 million in exploration expenditures and performing 15,000 feet of core drilling at Richardson, which is required during the first two years of the agreement.

For more information visit www.tri-valleycorp.com

Sky Power Solutions Corp. (SPOW) to Unveil Advanced Solar Power Generation System at SOLAR INTERNATIONAL 2011

Sky Power Solutions, Corp., an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems, today announced it will unveil its standalone residential solar generation system during SOLAR INTERNATIONAL 2011 at the Dallas Convention Center in Dallas, Texas October 17 – 20, 2011.

Solar Power International (SPI) is recognized as North America’s largest, most comprehensive solar power trade show and conference. This annual, business-to-business event was the first of its kind in North America and grows bigger and better every year. Approximately 24,000 professionals from 125+ countries attend. This year, more than 1,100 companies from all vertical markets in the solar power spectrum will exhibit in a space of more than 1 million gross square feet.

Sky Power will display a working prototype of the Sky Power Solutions, Residential, Standalone, Solar Concentrating, Electric Power Generation system in Hall “F” of the Dallas Convention Center and will be available for questions during the event.

The Sky Power Solutions residential solar power station will be capable of reducing the average user’s monthly electric grid consumption by up to 30-40% with no emissions and a zero carbon footprint. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is expected to be $5,000 at release.

Electric consumption in the United States is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid’s capacity and Sky Power Solutions has identified this and is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using “Net-Metering” and the Sky Power System.

Callidus Software Inc. (CALD) Acquires iCentera, Adds On-Demand Portal Capability to Rapidly Evolving Sales Performance Management Solution


Callidus Software, top developers of full spectrum sales performance management (SPM) solutions and software, continues to break new ground in the sector, announcing the acquisition today of on-demand portal software provider iCentera.

This move unifies an already impressive solution set which recently expanded to become a first of its kind integrated mapping and SPM workflow, greatly enhancing the overall functionality by adding in iCentera’s powerful on-demand portal capabilities. Callidus is now poised to offer the market what is arguably the most advanced SPM solution in existence.

President and CEO of CALD, Leslie Stretch, delineated the anytime, anywhere capabilities of this clearly superior sales enablement platform and stressed that this move places CALD even further out ahead of the competition in this vital, high-growth sector. By acquiring iCentera, CALD has brought a major new SaaS feature set that will effectively extend the core sales performance management suite to the product line, bringing the technology in-house where it can be even more completely integrated with future versioning.

Because iCentera already has such a strong position offering the means for business users to rapidly and dynamically create/distribute marketing content across the spectrum from the sales force to consumers, the rich automation features of the iCentera platform will augment overall market uptake for CALD as well. With the addition of the iCentera Mobile and integrated collaboration platform, we have a complete solution, with full access to industry expertise in a variety of subject matters, as well as best practices, all at the touch of a button from the field.

Virtual mapping of the full logistical architecture of a sales force, the core pillars of CALD’s SPM, like selection, on-boarding, coaching/learning and incentivisation management, and now a complete Saas-based sales enablement platform – these components together make Callidus Software’s award-winning sales force solutions a shining beacon on the sector’s horizon. This is a remarkable growth vector for only 15 years of operation and CALD today stands poised to make enormous waves within the sector.

Co-Founder, President and CEO of iCentera, Craig Nelson, spoke of the hard work of his team developing iCentera since 2003 towards the goal of being the leading provider of a best-in-class sales enablement solution, and was clearly thrilled that the global reach of CALD would be a huge boon. The technology developed by iCentera perfectly complements CALD’s evolving solution set according to Nelson and, as this valuable new patent increases the already substantial intellectual portfolio held by CALD, new territory and channels are exposed in the market, opening up the probability of even more organic growth opportunities.

CytRx’s (CYTR) Oncology Treatment Receives Orphan Drug Designation; Company Preps for Next Phase of Clinicals

CytRx Corp., a biotech company specializing in oncology, today announced that the Office of Orphan Product Development of the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for the company’s INNO-206 for the treatment of patients with soft tissue sarcomas.

CytRx holds the exclusive worldwide development and commercialization rights to INNO-206. The company’s goal is to initiate further clinical trials, which is leveraged by the FDA’s decision to grant the treatment orphan drug designation.

“Our strategy to move quickly into a phase IIb trial with INNO-206 in soft tissue sarcomas is further supported by the FDA’s approval of orphan drug designation,” Steven A. Kriegsman, president and CEO of CytRx stated in the press release. “We envision a significant opportunity in this indication due to the objective clinical responses seen with INNO-206 in patients with sarcomas in an earlier phase I trial as well as preclinical data.”

INNO-206 is a novel conjugate of the chemotherapeutic doxorubicin, which is the only FDA-approved drug on the market for soft tissue sarcoma. INNO-206 was designed to improve efficacy and reduce adverse events, and in April 2011, was granted INNO-206 orphan drug designation for treating patients with pancreatic cancer.

CytRx said it plans to commence a phase IIb clinical trial in patients with late-stage soft tissue sarcomas later this year after the company completes the ongoing open-label phase Ib clinical trial in patients with advanced solid tumors who have failed standard therapies.

For more information visit www.cytrx.com

New Energy Systems Group (NEWN) Joins Russell Microcap Index

China-based New Energy Systems Group, manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced its addition to the Russell Microcap Index, effective June 24, 2011.

Russell Investments refreshes its list of indexes annually to maintain representation of global equity markets, capitalization and style. Companies are added and removed from the family of indexes according to such changes.

As of June 28, 2011, the Russell Microcap Index Fund had approximately $497 million of assets.

The company said the addition reflects its advancing position, which it also says it plans to continue in the future.

“We are proud to be a part of an index that includes premier companies such as Orbitz Worldwide and Rosetta Stone. It signifies the progress New Energy has made in a short period of time. As we continue to execute our growth strategies in the years ahead, we will strive to deliver significant shareholder value,” New Energy chairman Weihe Yu stated in the press release.

New Energy’s technology is used for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronic devices. The company distributes its products primarily in China.

For more information visit www.newenergysystemsgroup.com