All thoughts, comments, and posts are just my opinions...Dont listen to me on your trades, do your DD
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CCNG - Subbie had a nice come back at EOD yesterday. Still has some more momo to go IMO.
PVCT - Provectus to Receive Patent for Novel Acne Product
2/21/2007
KNOXVILLE, Tenn., Feb 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Provectus Pharmaceuticals, Inc. (OTC Bulletin Board: PVCT) announced today it has received a Notice of Allowance from the U.S. Patent and Trademark Office for its patent application covering novel acne medications, including the Company's invisible, solid acne treatment, Pure-Stick(TM), which is an over- the-counter (OTC) product. This Allowance, which is the first for Provectus OTC products, is an important step in the Company's program to broaden and further extend its existing intellectual property portfolio.
The pending patent covers certain formulations and medical uses of topical cosmetic and medicinal compositions for treatment of facial acne. Acne is caused by skin conditions that make bacteria normally present on the skin proliferate and cause inflammation. A key trigger for this unchecked growth is excess oil on the skin. Provectus' unique formulations address a root cause of acne using a novel approach that combines agents to modify the skin with a powerful antibacterial agent to inhibit bacterial growth that can lead to acne.
Provectus CEO Craig Dees, Ph.D commented: "We believe that the uniqueness of our acne product could make it a strong contender in a multibillion dollar market. We continue to validate our strength in practical innovation with unique products such as this. Provectus is now expected to have 17 issued U.S. patents and remains confident in its 23 U.S. patent applications."
In addition to Pure-Stick, Provectus OTC products address important areas of skin care, and include Pure-ific(TM), a long lasting anti-infectious agent spray for hands or surfaces. The Company is seeking to spin-out, license or sell its OTC assets in key markets worldwide, noted Dees.
About Provectus Pharmaceuticals, Inc.
Provectus Pharmaceuticals, Inc. is a pioneering pharmaceutical company actively engaged in the design and development of pharmaceutical technologies for the treatment of metastatic melanoma, breast cancer and liver cancer. Provectus is nearing completion of its 20-subject Phase 1 study of the safety and efficacy of PV-10, an injectable formulation of Rose Bengal also known as Provecta(TM), for the ablation of metastatic melanoma, an aggressive and often fatal form of skin cancer. Provectus expects to commence a pivotal Phase 2/3 study of the efficacy of PV-10 in the treatment of metastatic melanoma shortly thereafter. Provectus is also making progress towards completion of its extended Phase 1 recurrent breast cancer study. In addition, Provectus is preparing to begin Phase 2 clinical studies for the Company's topical agent Xantryl for psoriasis.
The Company's offices and laboratory are located at 7327 Oak Ridge Highway, Suite A, Knoxville, TN 37931; telephone: 865-769-4011.
For more information, contact the Company at info@pvct.com or visit the corporate Web site: http://www.pvct.com.
This release and others statements issued or made from time to time by the company or its representatives contain comments that may constitute forward- looking statements. Those include statements regarding the intent, belief or current expectations of the company and members of its management teams, as well as the assumptions on which the statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward- looking statements.
SOURCE Provectus Pharmaceuticals, Inc.
Peter Culpepper of Provectus Pharmaceuticals, Inc., +1-865-769-4011, culpepper@pvct.com; or Investors, Matt Clawson of Allen & Caron Inc., +1-949-474-4300, matt@allencaron.com, for Provectus Pharmaceuticals, Inc. http://www.pvct.com/
Copyright (C) 2007 PR Newswire. All rights reserved
ARGA - Auriga Laboratories Inc announces record monthly prescriptions
2/21/2007
Feb 21, 2007 (M2 EQUITYBITES via COMTEX News Network) --
Auriga Laboratories Inc (OTCBB:ARGA), a speciality pharmaceutical company, declared on 20 February its IMS January 2007 prescription data on its Extendryl and Levall product lines.
The IMS data reported that total dispensed prescriptions reached a record 26,004 in January 2007, a growth of 324% from 6,141 in January 2006.
The company recently reported that its sale force has grown to more than 100 associates from nine in less than eight months. Its current target is 175 sales associates by the end of the first quarter 2007.
Concurrently, the company plans to launch Aquoral, a prescription-only product designed to treat the widespread condition of Xerostomia (dry mouth) and its Zinx family of respiratory prescription and over-the-counter products during the first quarter 2007.
The company expects gross revenues to grow to USD26m by the end of 2007, a raise from USD3.8m in 2005 and USD7.4m for its first full year of operation in 2006.
Comments on this story may be sent to admin@m2.com
(C)2007 M2 COMMUNICATIONS LTD http://www.m2.com
NIHK - Nighthawk Systems Announces Initial Order from Wyoming Utility
2/21/2007
SAN ANTONIO, Feb 21, 2007 (BUSINESS WIRE) --
Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today announced that it has received an initial order for CEO700 whole house disconnect units from Cheyenne Light, Fuel & Power Company, a subsidiary of Black Hills Corporation, which services approximately 80,000 residents in more than 1,200 square miles of certificated territory in southeast Wyoming.
The CEO700 gives electric utilities the ability to wirelessly disconnect and reconnect power to residential electric meters from a centralized location, saving them significant time and money over the traditional manual disconnect method requiring multiple truck rolls and field personnel. For safety reasons, Cheyenne has opted to purchase units that include a homeowner reset button which requires the customer to push a reset button on the unit in order to have power restored.
H. Douglas Saathoff, Nighthawk's CEO, stated, "I'm extremely pleased to add Cheyenne to our growing list of electric utility customers. We look forward to working with Cheyenne and hope to continue helping them as they implement a remote disconnect program in an effort to operate and serve their customers more efficiently."
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Forward-looking Statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
SOURCE: Nighthawk Systems, Inc
Nighthawk Systems, Inc. Doug Saathoff, 877-7-NIGHTHAWK, Ext 701 dsaathoff@nighthawksystems.com
Copyright Business Wire 2007
Nice looking chart for a bounce!
Looking better!
INMG - INTEGRATED MNGMNT INFO
Integrated Management Information (IMI Global) Reports Record Fourth Quarter and Year End Financial Results
2/20/2007
Selected Highlights: * Full year 2006 revenue increases 60.8% to $1.5 million * Fourth quarter revenue up 14.9% to $460,100 * Gross margin increases in both fourth quarter and full year * USVerified(TM) solutions revenue up 21% for year * CattleNetwork.com revenue up 146% for year on growth in all traffic categories * CattleStore.com and ID tag sales up 186% for year
CASTLE ROCK, Colo., Feb 20, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Integrated Management Information, Inc. (IMI Global) (OTC Bulletin Board: INMG), a leading provider of verification and Internet solutions for the agricultural/livestock industry, today announced record revenue for its fourth quarter and full year ended December 31, 2006.
Fourth Quarter Results
Revenue increased nearly 15% to $460,100 in the fourth quarter as compared with $400,559 in the same quarter last year. The Company had sequential revenue growth in each quarter of 2006. This continued revenue growth was attributed to strength in the Company's three complementary revenue streams, including USVerified verification and identification services, advertising on CattleNetwork and product sales through CattleStore and direct channels.
Gross profit in the fourth quarter increased to $227,345, up sequentially from $173,288 in the third quarter and from $167,449 in the same quarter a year ago. USVerified services and advertising revenue were the key drivers of higher margins. Selling, general and administrative expense increased 76.4% to $664,964 from $376,901 in the comparable fourth quarter due to overall growth of the Company's infrastructure, including significant investments in personnel, as well as legal, accounting and other costs associated with "going public" activities. Included in the SG&A category was $170,036 in non-cash stock-based compensation charges. Net loss in the fourth quarter was $441,802, or $0.02 per share, versus a net loss of $213,947, or $0.01 per share, in the same quarter last year.
"We are pleased with our continued strong revenue trends in both the fourth quarter and full year," said John Saunders, president and CEO. "As anticipated, all three of our revenue streams showed strong growth in 2006, and we entered 2007 with solid momentum and expectations for another year of positive revenue growth. Our progress is due largely to our unique, diversified product and service mix that appeals to virtually every aspect of the cattle industry -- from verification and identification of cattle to providing wide-ranging news and information via one of the industry's most highly visited Web sites -- CattleNetwork.com -- to our growing online livestock supplies store -- CattleStore.com. IMI Global has established itself as a one-stop-shop for many major aspects of the cattle industry, and we believe our best years are ahead of us.
"We anticipate continued year-over-year growth in our verification and identification business, which is widely recognized throughout the industry for its innovative programs that reassure consumers and drive premiums for cattle at auction," Saunders added. "Additionally, increasing traffic and transaction counts in both of our online businesses are creating value for our advertisers, customers and shareholders. We intend to leverage our success with CattleNetwork to launch new, innovative online services in 2007 and beyond."
Full Year Results
Revenue for the 12 months ended December 31, 2006, grew to $1,539,933, up 60.8% from $957,894 in 2005. In addition to growth in all three of its revenue segments in 2006, IMI Global benefited from 12 full months of revenue from its Internet operations versus seven months in 2005.
Gross profit in 2006 increased 79% to $758,439 from $423,736 a year ago, and gross margin percentage increased to 49.3% from 44.2% for the corresponding periods. Selling, general and administrative expense increased 62.8% to $2,302,248 from $1,414,007. Again, this increase was attributable to accelerated investments in the USVerified business, expansion of the Company's Internet operations, a significant increase in expenses associated with "going public" activities, and non-cash share-based compensation expense, which grew to $353,410 from $30,000. The Company reported a net loss for the full year of $1,559,042, or $0.08 per share, versus a net loss of $1,027,972, or $0.04 per share, in 2005.
Saunders provided the following 2006 operational highlights:
Verification and Identification Services
* The Company's USVerified(TM) solutions generated $854,763 in revenue in
2006, up 21% over $704,968 in 2005. IMI's solutions are now used by
more than 1,500 ranchers, 100 feed yards and three of America's largest
meatpackers. These patent-pending solutions provide ranchers,
feed yards, packers, processors and retailers with livestock
verification and identification services that are critical to building
consumer confidence in meat products and to achieving a premium on
cattle at auction.
* In addition to marketing its verification/identification programs
directly to ranchers, feed yards and meatpackers, the Company recently
partnered with Farmers & Ranchers Livestock Commission, the largest
cattle sale barn in Kansas, to offer the first independent QSA (Quality
Systems Assessment) program for a live sale barn. IMI Global is
targeting other large sale barns as potential channel partners.
* Late in 2006 IMI Global received USDA approval of its Non-Hormone
Treated Cattle (NHTC) umbrella program that allows beef from U.S.
cattle to qualify for export to the European Union. The NHTC program
is an important addition to the Company's services portfolio, further
distinguishing IMI Global from its competition.
* Underscoring IMI Global's growing leadership position in verification
and identification, the Company's executives recently were selectively
included in a discussion on current animal ID and traceability programs
during a forum that included USDA Undersecretary for Marketing and
Regulatory Programs Bruce Knight, as well as other leading industry
representatives, including U.S. Meat Export Federation CEO Phil Seng.
Undersecretary Knight is focused on moving voluntary animal
identification and marketing programs forward.
CattleNetwork.com
* CattleNetwork.com, the Company's popular online source of news and
information on the cattle industry, had a record-breaking year of
performance in 2006. Advertising revenue grew 146% to $239,732 for the
year from $97,303 in 2005. The Company added several new, major
sponsors during 2006 and now has more than 20 sponsors who regularly
advertise their products and services on CattleNetwork.
* More than 1.2 million unique visitors, up 108% from 577,000 in 2005.
More than 400,000 repeat visitors since March 2005.
* Page views increased by 207% to 18.1 million from 5.9 million a year
ago.
* 26% increase in visit duration, to 23 minutes from 18.3 minutes.
* The Company continues to expand CattleNetwork's appeal by upgrading the
site with new features and benefits both for sponsors and visitors.
CattleStore.com and Product Sales
* Total product sales increased by 186% to $445,438 in 2006 from $155,623
a year ago. This improvement was attributed to increases in both
CattleStore sales and direct sales of cattle identification tags in
conjunction with the provision of USVerified solutions. CattleStore
sales increased 579% to $155,671 from $22,915, while ID tag sales
increased 118% to $289,767 from $132,708.
About IMI Global
Founded in 1995, IMI Global is a leading provider of verification and Internet solutions for the agricultural/livestock industry. Go to www.IMIGlobal.com for additional information. IMI has worked with some of the largest agricultural organizations in the United States, providing web-based applications for verification and identification as well as a range of consulting services tailored to meet each customer's needs. IMI operations include CattleNetwork.com, an online service offering market information and industry news to the cattle industry, and CattleStore.com, an online source for livestock supplies, such as animal identification, medical equipment and veterinarian supplies. Additional IMI web sites include USVerified.com, SupplyVerified.com, and AgNetwork.com.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Forward-looking statements are inherently uncertain, and actual events could differ materially from the Company's predictions. Important factors that could cause actual events to vary from predictions include those discussed in our SEC filings. Specifically, statements in this news release about growth, profitability, potential, leadership, building value, the impact and efficacy of the Company's products and services on the marketplace, and leveraging the USVerified brand, are forward-looking statements that are subject to a variety of factors, including availability of capital, personnel and other resources; competition, governmental regulation of the beef industry, the market for beef and other factors. In addition, financial results for the three and nine-month periods are not necessarily indicative of future results. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update its forward-looking statements to reflect new information or developments. For a more extensive discussion of the Company's business, please refer to the Company's SEC filings at www.sec.gov.
Integrated Management Information, Inc.
Condensed Statements of Operations
(Unaudited)
Three months ended Twelve months ended
December 31, December 31,
2006 2005 2006 2005
Revenues $460,100 $400,559 $1,539,933 $957,894
Cost of sales 232,755 233,110 781,494 534,158
Gross profit 227,345 167,449 758,439 423,736
Selling, general and
administrative expense 664,964 376,901 2,302,248 1,414,007
Loss from operations (437,619) (209,452) (1,543,809) (990,271)
Other income (expense):
Interest income 2,861 1,248 9,068 3,173
Interest expense (7,044) (5,743) (24,301) (40,874)
Net other expense (4,183) (4,495) (15,233) (37,701)
Loss before income
taxes (441,802) (213,947) (1,559,042) (1,027,972)
Income taxes -- -- -- --
Net loss $(441,802) $(213,947) $(1,559,042) $(1,027,972)
Loss per share $(0.02) $(0.01) $(0.08) $(0.04)
Average shares
outstanding 18,169,438 24,294,608 18,885,183 23,300,069
Integrated Management Information, Inc.
Condensed Balance Sheets
(Unaudited)
December 31, December 31,
2006 2005
ASSETS
Current Assets:
Cash and cash equivalents $230,539 $684,833
Accounts receivable, net 178,159 241,304
Inventory 14,185 9,771
Prepaid expenses 33,435 --
Total current assets 456,318 935,908
Restricted cash:
Cash restricted for purchase of treasury stock -- 421,664
Cash restricted for payment of line of credit 50,000 50,000
Total restricted cash 50,000 471,664
Property and equipment:
Equipment and furniture 115,409 99,514
Accumulated depreciation (83,792) (65,739)
Property and equipment, net 31,617 33,775
Other assets:
Intangible assets, net 46,633 67,564
Goodwill 418,208 418,208
Total other assets 464,841 485,772
Total assets $1,002,776 $1,927,119
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Notes payable $156,622 $100,000
Accounts payable 206,466 178,847
Accrued expenses 8,287 11,183
Deferred revenues 10,820 46,556
Total current liabilities 382,195 336,586
Notes payable 350,000 350,000
Stockholders' equity (deficit):
Common stock 27,024 25,405
Additional paid-in capital 4,315,571 2,243,100
Treasury stock (1,485,000) --
Retained (deficit) (2,587,014) (1,027,972)
Total shareholders' equity 270,581 1,240,533
Total liabilities and shareholders' equity $1,002,776 $1,927,119
SOURCE Integrated Management Information, Inc.
John Saunders, Chief Executive Officer of Integrated Management Information, Inc., +1-303-895-3002; or Jay Pfeiffer of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for Integrated Management Information, Inc. http://www.IMIGlobal.com
Copyright (C) 2007 PR Newswire. All rights reserved
Good Evening Locusts. Good Luck this week, should be an interesting ride.
PRVB - considering prices and all going on, despite the decline, still not in to bad of shape. This company continues to grow, just more of a semi-longer term hold here. It has the principle behind it, just need to break thru to some new highs. Prices will help, and continued input from the company. Wouldn't hurt to have something to catch a few more eyes out there either.
Good point there chase....A LOT of shares were bought above where we are....Wouldn't be surprised to see it move, at least, back to that point!
CCNG may still have some play this week. Rumors of more news and we all saw it can move very quickly after last week. Part of the downturn, aside from some plays taking away that momo, could of also been the long holiday weekend also. I know I for one dont like holding many things over a weekend, especially a long one. Still watching myself. GL
CFCJ: I really like the chart on this one Obi...had some interesting news a few weeks back also..
Consumers Financial Forecasts Double Digit Growth
Tuesday January 23, 5:55 pm ET
CEDARHURST, N.Y., Jan. 23, 2007 (PRIME NEWSWIRE) -- With the pending listing of GS Woodmere as a publicly traded company, Consumers has commissioned a forecast to be based on an investment of between $800,000 and $1 million to be made upon listing and implementation of certain strategies.
GS Woodmere and Consumers anticipate the revenue to grow from the current rate of $16 million in sales to $25 million and $40 million for the next consecutive sales periods.
The net effect would mean that earnings should fall between $2 and $3 million for the same periods.
About Consumers Financial Corporation
Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of micro-cap companies strategically located in markets where significant growth and profits can be obtained. CFCJ targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where margins are above average and where these companies can benefit from CFCJ's financial assistance either though equity or credit facilities. CFCJ has extensive experience structuring and negotiating transactions to meet clients' strategic and financial objectives, providing a broad array of services focusing on strategic consulting and financing. CFCJ helps to solve long-term strategic issues for a limited number of clients and every assignment is considered very important. CFCJ's Corporate Advisory Services provide clients with confidential, objective, profit rearing valuable insight and assistance in financing to institutionally credible qualifying micro-cap corporations on how to use their money to add strength and profitability to their existing business. CFCJ also provides Restructuring and Reorganization advice to create a solid management core which possesses strong, supportive, professional management teams with congruent goals. CFCJ's success in pursuing those goals is reflected in the firm's outstanding reputation. We pride ourselves on our close client-based relations by maintaining the highest levels of professionalism and integrity, and senior-level attention to clients and relationships. CFC knows that, in a world riddled with conflicts of interest, there is great need for our vast financial knowledge, expertise and years of experience that allows us to provide entirely objective advice and counsel without any pressure from alternative agendas.
About GS Woodmere Inc.
GS Woodmere Inc. is an integrated Claims Management and Medical Billing solutions provider, providing its clients with the best Coding, Claim Verification, Transcription/Reporting, Collection, Arbitration and Litigation services, providing their clients with the finest services to obtain the full financial reimbursement to which they are legally entitled, so that their clients can concentrate on treating their patients and not on trying to be reimbursed. Consumer Financial Corporation truly focuses on understanding the needs of their clients, by staying up-to-date with the ever-changing rules and regulations in the insurance industry, by maintaining a staff of highly experienced professionals and by using the latest technological tools and software.
I agree Americano...I would expect another good push before it falls back down...Watching close myself this week, should be interesting! There were lots of shares bought above where we are, and still good support! GL All.
Obi, hard at work tonight. Nice list of possibilities man!
The Locusts, they're everywhere...Ahhhhhhh. J/k, nice job guys. Growing by leaps and bounds everyday!
Good Evening Locust, nice week here! Looks like you all have a great board. The MOD team looks outstanding. Keep up the great and I hope I can contribute!
New Look to Trendfinders coming this weekend! Great day everyone! Time for a beer. :)
CCNG - The way it moved today and the momo behind it, I wouldn't be surprised. I'd settle for just another LONG green candle though. Good Luck, and great pick Obi!!
RUN BABY RUN....
INCREDIBLE RUN ON CCNG
NICE FIND OBI. The force is strong with you!
LOL..a little hung over, but its a good feeling. Thanks Ajc...Feeling quite a bit better, other than the breathing.
Hope we have a great day today!!!
I've watched this one before also Mackie. Can be a nice one, sounds like a trend play, or your own ATM maybe :)
Sounds like great news, cant wait to see how it reacts. I would think with news like this we may see a follow up on it soon as well.
HMSG may still have some play in it, just be careful IMO. I'd keep on watch!
MCET ---MultiCell Technologies Announces Prospective Cancer Treatment Drug
2/15/2007
MCT-475 Targets Multibillion Dollar Worldwide Market for the
Treatment of Colorectal Cancer, A Leading Cause of Death Among Cancer
Patients
SAN DIEGO, Feb 15, 2007 (BUSINESS WIRE) --
MultiCell Technologies, Inc. (OTCBB:MCET), developing first-in-class drugs based on advanced immune system modulation technologies, announced today it has reached a developmental milestone to advance its colorectal cancer lead therapeutic candidate to preclinical development status. MCT-475 is indicated as a prospective treatment for metastatic colorectal cancer, the third leading cause of death among both men and women in the United States. MCT-475 is a patent pending antigen-presenting immunoglobulin therapeutic which is intended to be co-administered with MCT-465, a Toll-like Receptor (TLR) agonist.
"Previously we demonstrated that co-administration of MCT-465 with our patent pending antigen-presenting immunoglobulin therapeutic IgNP prototype completely destroyed tumors, and prevented mortality and recurrence in animal models," said Dr. Stephen Chang, President and CEO of Multicell Technologies. "MCT-475 is designed to activate the adaptive immune system to target unique structural motifs located on the surface of human metastatic colorectal cancer cells, while MCT-465 is designed to activate the innate immune system through TLR signaling. Working together, MCT-475 and MCT-465 stimulate the body's immune system to target and kill metastatic colorectal cells."
Colorectal cancer is the third most common cancer in both men and women in the United States, and remains the third leading cause of death from cancer in the United States. The American Cancer Society estimates that about 145,000 new cases of colorectal cancer were reported in 2005.
According to the World Health Organization's April 2003 report on global cancer rates more than 940,000 new cases of colorectal cancer, and nearly 500,000 deaths are reported worldwide each year. The overall 5-year survival rate from the various types of colorectal cancer is approximately 60%, whereas for metastatic colorectal cancer, the 5-year survival rate is about 5%.
Risk factors for metastatic cancer include age, a diet rich in fat and cholesterol, inflammatory bowel disease, and genetic predisposition. If detected early, colorectal cancer is curable by surgery. Chemotherapy can prolong survival in patients where the disease has metastasized and reached the lymph nodes.
MultiCell is an innovator in the science of modulating the human immune system with unique platform technologies, focusing on the development of breakthrough drugs to treat serious diseases, including multiple sclerosis, type-1 diabetes, influenza, and cancer.
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is an integrated biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology. MultiCell's drug development program is focused on modulation of the immune system.
MultiCell's therapeutic pipeline includes drug candidates some of which are in various advanced stages of human clinical trials. These therapies include:
-- MCT-125 for the treatment of chronic fatigue in MS patients.
-- MCT-175 for the treatment of relapsing-remitting MS.
-- MCT-275 for the treatment of type-1 diabetes.
-- MCT-465 an adjuvant therapy for the treatment of virus infection and cancer.
-- MCT-475 for the treatment of colorectal cancer.
The Company also holds unique cell-based technology for use in drug discovery screening applications, and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs. For more information about MultiCell Technologies, please visit http://www.multicelltech.com.
Caution Regarding Forward-Looking Statements
Any statements in this press release about MultiCell's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." Examples of such forward looking statements include statements regarding the timing, design, scope, and anticipated results of our clinical development of MCT-475. MultiCell bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that we might not achieve our anticipated clinical development milestones, receive regulatory approval, or successfully commercialize MCT-475 as expected, the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties MultiCell faces, see documents MultiCell files with the SEC, including MultiCell's report on Form 10-KSB for the fiscal year ended November 30, 2005, and all our quarterly and other periodic SEC filings. MultiCell claims the protection of the safe harbor for forward-looking statements under the Act and each assume no obligation and expressly disclaim any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.
SOURCE: MultiCell Technologies, Inc.
MultiCell Technologies, Inc. Dr. Stephen Chang, CEO 401-333-0610 MCETInvestor@MultiCelltech.com
Copyright Business Wire 2007
PHTW PhotoWorks 1st Quarter Digital Revenue Up 44%
PhotoWorks 1st Quarter Digital Revenue Up 44%
2/15/2007
Total Sales Rise for the First Time in Eight Years
SEATTLE, Feb 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
PhotoWorks(R), Inc. (OTC Bulletin Board: PHTW), a leading Internet-based digital photo-publishing company, today reported results for the first quarter of fiscal year 2007 ended December 31, 2006.
* Digital revenue increased 44% * Non print- revenue increased to 83% of overall revenue * Average dollars per customer $65.28 * Average dollars per order $42.73
"This achievement is more evidence that our strategy of returning the company to significant growth is working well, as it's the first quarter in more than eight years that a fiscal first quarter -- our big seasonal quarter -- had revenue greater than the comparable quarter of the prior year," said Andy Wood, President and CEO of PhotoWorks. "That fact, combined with our increase in order sizes and volumes in high margin products, such as photo books, cards, calendars and keepsakes, demonstrate the success of PhotoWorks' philosophy of giving customers new, more sophisticated and creative ways to express themselves, indulge their passions and preserve their digital memories."
For the 1st quarter for 2007:
Digital revenue totaled $3.3 million, an increase of 44% from $2.3 million in the 1st quarter of 2006. Traditional film processing revenue totaled $933,000, a 43.1% decline from $1.6 million. Total net revenue of $4.3 million was up by almost 8% over the same quarter last year, when net revenue totaled $4.0 Million.
More than 83% of PhotoWorks' revenue was driven from the sale of non-print products, such as customer created books, cards and calendars. In addition, average dollars per customer was $65.28 and average dollars per order was $42.73.
The Company reported a net loss of $2.3 million compared to a net loss of $328,000 in the first quarter of fiscal year 2006. The majority of the loss reported for the 1st quarter of 2007 was due to a non-recurring, non-cash beneficial conversion of $1.8 million as a consequence of a bridge note converting to stock during the quarter.
About PhotoWorks, Inc.
PhotoWorks(R), Inc. is an Internet-based digital photo-publishing company. The company's web-based services allow PC and Mac users to create hardbound photo books, customized greeting cards, calendars, prints and other photography-sourced products straight from their computers. Formerly known as Seattle Film Works, PhotoWorks has a 30-year national heritage of helping photographers share and preserve their memories with innovative and inspiring products and services. More information on the Company is available at www.photoworks.com or by e-mailing customercare@photoworks.com.
PhotoWorks(R) is a trademark of PhotoWorks, Inc.
PHOTOWORKS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31, September 30,
ASSETS 2006 2006
(Unaudited) (Unaudited)
CURRENT ASSETS
Cash and cash equivalents $4,797 $825
Employee advances - 3
Short-term vendor receivable 78 95
Inventories 192 183
Prepaid expenses 158 146
TOTAL CURRENT ASSETS 5,225 1,252
PROPERTY AND EQUIPMENT, NET 449 383
OTHER ASSETS
Long-term vendor receivable 95 95
Lease deposits 24 24
TOTAL OTHER ASSETS 119 119
TOTAL ASSETS $5,793 $1,754
LIABILITIES & STOCKHOLDERS' EQUITY
(DEFICIT)
CURRENT LIABILITIES
Accounts payable $2,186 $1,133
Accrued compensation 207 370
Other accrued expenses 194 179
ITC penalty, current portion 201 201
Deferred revenues 271 227
TOTAL CURRENT LIABILITIES 3,059 2,110
LONG-TERM LIABILITIES
ITC penalty, non-current portion 250 250
Capital lease obligations, net of
current portion - -
Debentures Payable - 1,274
Debenture interest - 115
TOTAL LONG-TERM LIABILITIES 250 1,639
TOTAL LIABILITIES 3,309 3,749
COMMITMENTS AND CONTINGENCIES - -
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, 2,000,000 shares
authorized $0.01 per value, 0 shares
issued and outstanding
Common stock, 101,250,000 shares authorized,
$0.01 par value; 39,440,042 and 19,799,922
shares issued and outstanding, respectively 394 198
Additional paid-in capital 32,622 26,086
Accumulated deficit (30,532) (28,279)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 2,484 (1,995)
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY/DEFICIT $5,793 $1,754
The accompanying condensed notes are an integral part of these interim consolidated financial statements.
PHOTOWORKS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
Three Months Ended
December 31, December 24,
2006 2005
(Unaudited) (Unaudited)
REVENUES
Digital $3,344 $2,323
Film 933 1,641
TOTAL REVENUES $4,277 $3,964
COST OF GOODS AND SERVICES
Digital 1,966 1,095
Film 489 1,136
TOTAL COST OF GOODS AND SERVICES 2,455 2,231
GROSS PROFIT 1,822 1,733
OPERATING EXPENSES
Sales and marketing 1,034 1,223
Engineering 561 450
General and administrative 526 380
TOTAL OPERATING EXPENSES 2,121 2,053
LOSS FROM OPERATIONS (299) (320)
OTHER INCOME (EXPENSE)
Interest Income 23 3
Benefit conversion/non-cash Interest (1,790)
Stock option valuation (107) (51)
Depreciation (73) (10)
Other income (expense), net (7) 50
TOTAL OTHER INCOME (EXPENSE) (1,954) (8)
LOSS BEFORE INCOME TAXES (2,253) (328)
INCOME TAX - -
NET LOSS $(2,253) $(328)
BASIC AND DILUTED NET LOSS PER COMMON
SHARE $0.06 $0.02
WEIGHTED AVERAGE NUMBER OF COMMON
STOCK SHARES OUTSTANDING, BASIC AND
DILUTED 39,440,042 19,794,672
The accompanying condensed notes are an integral part of these interim
consolidated financial statements.
SOURCE PhotoWorks, Inc.
Hal Bienstock, of Maloney & Fox, +1-646-356-8307. hbienstock@maloneyfox.com, for PhotoWorks, Inc. http://www.photoworks.com
Copyright (C) 2007 PR Newswire. All rights reserved
INCM. Acquisition..INNOCOM TECHNOLOGY HLDGS
INNOCOM Announces Major Acquisition
2/15/2007
SANTA MONICA, Calif., Feb 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
INNOCOM Technology Holdings, Inc. (OTC Bulletin Board: INCM) has entered into a letter of intent to acquire the entire equity interest of BODA Electronic Co., Ltd. ("BODA").
Mr. William Hui, Chairman and CEO of INNOCOM, said, "BODA is a leading logistic and distribution company in the China mobile phone industry with unaudited sales of $41 million in 2006. The estimated total cost of the acquisition is approximately $6.8 million, which we plan to finance through internal resources and/or bank borrowings."
Unlike other ordinary distributors, BODA is a unique components distributor with in-depth understanding with IC chips and chip design experience. The company expects BODA will strengthen INNOCOM's competitiveness in the industry and be able to provide quality services to a larger segment of customers.
About INNOCOM Technology Holdings, Inc.
INNOCOM is a leading mobile communication technology company. They have two principal business lines: mobile phone handset design and trading of mobile phone handsets and components. INNOCOM provides customized mobile phone design services to licensed manufacturers in China. Their services include hardware system design based on chipsets such as integrated circuits sourced from external suppliers, application software design and mobile phone handset casing design. In addition to design services, the company provides sourcing of mobile phone handsets and components for customers on a wholesale basis.
About BODA
BODA, with its strong logistic and distribution platform, provides timely and competitive services. These range from application solutions to component sourcing and delivery of finished product to a wide variety of customers in China. In addition, the company has set up a Joint Venture with Aurora Systems, Inc., a leading LCOS chip vendor in San Jose, Calif. This relationship allows the company to enter into HDTV market with its existing logistic capability.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Company Contact: INNOCOM Technology Holdings, Inc. Ashley Hull (310) 450-9100 opt 1 hunnyhull@leamanagement.com Investor Relations: SIG Consultants Doug Ward (770) 814-7199 sigconsultants@aol.com
SOURCE INNOCOM Technology Holdings, Inc.
Ashley Hull, INNOCOM Technology Holdings, Inc., +1-310-450-9100 opt 1, hunnyhull@leamanagement.com; investor relations, Doug Ward, SIG Consultants, +1-770-814-7199, sigconsultants@aol.com http://www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
Good Morning Everyone!!!!!!
Penny, that may have came out wrong, I didn't mean the news was blah, was trying to use it as an example. The news was very exciting indeed.
CCNG may still have some interesting play in it Obi, I agree. With the right volume coming in, it could make some nice moves. Has the potential too at least.
Sometimes thats the case. News hits, its rather blah, and the following day or two you see some continued to increased action. We shall see....Good luck.
Thanks Obi, I appreciate that.. No place I'd rather be than here in the markets...
LOL...better be careful Mackie, I know what ya mean. Thank you!
This one looks interesting if your careful..Did close higher than I expected initially, given the run-up, but then it did have nice news so we'll see. I definately wouldn't be surprised to see some more momo out of it here soon. GL
Just a note....Hey everyone, glad to see the activity on the board. We've recently added a few new Mods to the board who we think will add a lot of value to trendfinders. I myself have been out of pocket for a few different reasons, mainly I've felt horrible up until recently, with a bad cold. I hope to be back around more now and look forward to the fresh faces. Thank you Obi, Mackie, Americano, and Ajcmstocks, thanks for keeping things running.
Sounds interesting Mackie :) Got me curious.
Hey Guys, nice board here, I like the crew. I look forward to stopping by throughout the day.