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CTIC has an existing license and co-development agreement with Novartis (NVS) for OPAXIO, which also provides Novartis with an option to enter into an exclusive worldwide license to develop and commercialize pixantrone based upon agreed terms.
BCON alert - bounce coming
(RZ) Raser Tech: Financing For Completion Of Thermo No. 1 Plant
DUTV to Acquire Jamaica Network Access Point, LTD
DUTV to Acquire Jamaica Network Access Point, LTD
DUTV to Acquire Jamaica Network Access Point, LTD
Last update: 9/29/2009 5:09:00 PM
--Merged Resources and Breakthrough Technology Base Creates IPTV and Network Solutions Company with Global Reach
NEW YORK and KINGSTON, Jamaica, Sept 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Digital Utilities Ventures, Inc. (DUTV), an innovator in over the IP video transport systems with its breakthrough New Last Mile Platform, announced today that it had signed an agreement to acquire Jamaica Network Access Point, LTD (JNAP). Upon closing the deal, Mark Reid, CEO of JNAP will become the CEO of Digital Utilities Ventures.
Operations - JNAP, operating as a wholly owned subsidiary of Digital Utilities Ventures (DUTV), will offer hardware, software, consulting, and support services to carriers and content suppliers in its capacity as the emerging de facto connectivity hub for the Caribbean and longer term the underdeveloped world. Leveraging the strengths of the two companies, DUTV will establish its video transport technology, hardware and support services center in Jamaica and its software research and development facility in Dallas, Texas. The company will also benefit from the cost-effective software development and engineering resources within its Network operations center.
Combined Technology Portfolio - The merger creates a combined technology portfolio that extends from the traditional point of one-service product offerings to using DUTV's New Last Mile Technology to converge critical infrastructures and services such as Television Broadcasting via the Internet directly to the TV and Cell Phones with WiMAX (4G), WiFi, 3G, Fiber, or Cable as the delivery systems to form one common network transport system. . .all through its Network Operating Center (NOC) located at the Company's World Operating Headquarters in Kingston, Jamaica.
"We are very excited about this ingenious consolidation of businesses," said Garry McHenry, President of Digital Utilities Ventures. "By leveraging the strengths and diversities of the combined operations, we can offer our current and future customers an expanded network for technical support and integrated communications for a global market.
" Added Mark Reid, CEO of JNAP, "With our one-stop-shop capabilities, we offer telecommunication providers the possibility of covering all areas of products and services to all digital devices on their network with JNAP as a central network access point partner. In addition, with the flexibility of this Convergence Program, we can provide both end-to-end solutions and modular solution packages that allow step-by-step system integration. Finally, this merger will enhance our financial stability through efficiencies gained by consolidating our business operations and our strong government/B-to-B client roster, create significant product and market synergies, and expand our product and service offerings to our Caribbean and Global customer base."
About Jamaica Network Access Point, LTD - JNAP is Jamaica's independent communications services company specializing in all aspects of network, communications and service support activities such as:
1. Cell Site Support Services from Green Field to Maintenance
2. Network Service Provisioning for Fiber, IP Voice and Data
3. Internet Services for Consumer Broadband & VoIP
4. Business Protection Facility & Data Center
5. Carrier Neutral Interconnect Services
About Digital Utilities Ventures, Inc. (Pink Sheets: DUTV) - Digital Utilities Ventures is an intellectual property company and advanced technology incubator. The Company was formed to manufacture and market its innovative, Internet to TV and Cell Phone Communications System for the domestic and international Quad-Play/Convergence services industries. Called The New Last Mile, it uses an Internet based platform to deliver its TV programming.
accumulating LLBO
(LLBO) Lifeline Biotechnologies Updates Pink SheetsLast
9/23/2009 8:00:05 AMRENO, Nev., Sep 23, 2009 (BUSINESS WIRE) -- Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) today announced that it is preparing to establish a demonstration site for its First Warning System(TM) to be located in Reno, Nevada. Jim Holmes, Lifeline's CEO, said, "We have filed the financial and corporate information as required by Pink Sheets in order to remove the 'Stop Sign' on our Company site. The information includes a balance sheet and income statement as of June 30, 2009. "Lifeline's current authorized common stock is 4.95 billion shares of which there are approximately 2.7 billion shares issued and outstanding. Of the outstanding shares, approximately one billion is in the 'float,' the balance is owned by insiders and long-term shareholders. "There have numerous questions concerning the status of our current FDA filing. To our best belief, our hopeful expectation is for a response around the end of September. However, our FDA advisors and consultants have indicated the FDA is running about 30 days behind schedule." Lifeline has tentative funding commitments under terms that will be less dilutive than in prior fundings.
(CRBC) Citizens Republic Bancorp Hldrs OK Boosting Shrs To 1.05B
STSI patent trial news
(MCZ) Mad Catz Signs an Accessory Licensing Agreement with Nintendo of America Inc. for Rights to Develop and License Videogame Accessories for the Wii(TM), Nintendo DS(TM) and Nintendo DSi(TM)
4:17p ET August 19, 2009 (Business Wire)
Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has secured an accessory license from Nintendo of America Inc., a leading developer and publisher of videogames and videogame consoles and handheld devices, to produce licensed videogame accessories utilizing select Nintendo intellectual property.
Pursuant to the terms of the agreement, Mad Catz has obtained non-exclusive rights to develop and market a range of accessories for the Wii, Nintendo DS and Nintendo DSi systems. Territories covered in the agreement include select countries within North America, South America, Europe, Africa, Australia, New Zealand and the Middle East. The agreement includes the select use of Nintendo's intellectual property such as the popular Nintendo characters Donkey Kong(TM), Zelda(TM), Link(TM), Mario(TM), Luigi(TM), Wario(TM), Yoshi(TM), Bowser(TM), Toad(TM), Princess Peach(TM) and Samus(TM).
"Nintendo has created some of the videogame industry's most popular and enduring characters and we are honored to have an opportunity to create licensed videogame accessories featuring their world-renowned intellectual property," said Darren Richardson, President and Chief Executive Officer of Mad Catz. "We look forward to offering unique and exciting accessories for the Wii and Nintendo DS and Nintendo DSi systems to videogame fans across the globe."
Inovio Biomedical Corporation (NYSE Amex: INO), a leader in DNA vaccine design, development and delivery, announced today that David B. Weiner, Ph.D., Professor, Department of Pathology & Laboratory Medicine, University of Pennsylvania School of Medicine, and chairman of Inovio's scientific advisory board, will make a presentation at Novel Vaccines: Design & Development, part of the ImVacs Immunotherapeutics & Vaccine Summit being hosted August 18th - 19th at the Renaissance Providence Hotel in Providence, RI. Dr. Weiner will make his presentation, entitled, "Development of Novel DNA Vaccines for Influenza and HIV," on Wednesday, August 19, 2009, at 1:45 p.m.
INO running?
CYTR FDS news coming!
DUTV news - Digital Utilities Ventures To Create Hybrid Of New Last Mile And Leading Peer-To-Peer Solution
INO - another BB Stock Haven winner - had to search back for this post to thank whoever made me think about buying yesterday - and I did - and much thanks for value added PF !!!! (Have a great weekend)
HTDS news
NCST
STEMS today!!!!!!!!!
MGM resort in Egypt
Delisting Of Securities Of Converted Organics Inc. From NASDAQ OMX BX
DOW chemical headed over $20 soon IMO
GRDO needs a flea collar .0006 x .0007
VIX Dips Below 30 For First Time Since September
BBDA news for those in
buying blocks of GERS yesterday & today
MGM should take off - upgraded
PGYC is such a soap opera - that board has been in a frenzy unlike anything I've ever seen.
Thx OG .. common theme I'm hearing. Appreciate your feedback!
Wow..thx PF. Bet it still gets pumped next week by those trying to at least break even. Think I'll hold onto my shares just to participate in the eventual class action case. LOL
Thx...just killed my (big) .03 order before Monday's open and will hold on to a small chunk of .05's to see what happens. Painless loss if it crashes and burns.
I'm sticking to big boards except for the occasional OTC winner posted by the PROVEN winners. Coming off market bottom is a beautiful thing indeed. Once in a lifetime profits being made.
Thanks again and have a great weekend!!
Thanks...and no offence - I only trust a handfull of folks in here. Much appreciated.
Thx for your input!! Got in at .05 and another waiting for .03 but I'm getting freaked out
Is PGYC real or scam? (question for BB, OG, 3flight, downrathole, taki - only please)
Cell Therapeutics March Net $1.66M >CTIC
CTIC earnings released
How many sponges need to be sold before SPNG hits .05 ? (zzz)
CYBL news
Dow Chemical outstanding since R&H merger
PGYC - Letter to shareholders sent
April 29, 2009
To: Shareholders & Stakeholder
Patriot Energy Corp.
Subject: Corporate Update
Dear Shareholders,
We are writing you today to provide you with information on the recently received stock purchase offer as well as the process undertaken to conclude the said transaction and to provide answers to some of the common questions, and concerns we have received.
Stock Purchase Offer
We have received a stock purchase offer from a large multinational corporation. The stock purchase offer is $0.42 per share and a special royalty unit/share, which will pay a quarterly royalty of
$0.02 per share. Under the terms of the stock purchase offer, the name of the acquirer is required to be kept confidential.
The name of the acquirer is not significant since there is no stock swap planned and only a cash purchase offer. The company has requested that their name to be kept confidential to protect their market and current restructure program as well as to protect the company from any contingent issue, which may arise from this transaction.
Naturally, we are also new to this type of all stock purchase offer and we are working with our attorneys, and theirs, on all requirements of the transaction including the tendering of shares and payment thereafter.
The process to concluding a transaction is fairly simple, but the legal and contractual documentations and information circular have been a lot more significant than anticipated and very time consuming.
Having said that, we continue to work with the buyer and are very confident a transaction can be concluded by early summer. However, the first step will be to call a shareholders meeting and mail out an information circular with appropriate proxy in order to formalize the vote. At such time, the company will request shareholders to pull their shares from DTC and tendered to the transfer agent against
payment. The shares not tendered will be automatically pulled from
DTC and a check mailed to the brokerage firm minus a processing fee at which time the company will be removed from trading entirely.
We understand why there are rumors and negative feelings towards our company. We are partly to blame for the negativity since we have not been available to answer calls and or questions from our shareholders and this has been compounded with the fact that we have been strictly prohibited from divulging the name of the acquirer.
In addition, the price of our shares currently trade significantly below the offer, which can be easily explained with the fact that only two months ago our shares were trading at $0.002. Recent corporate activities have dramatically increased the price of our shares which has created a very profitable transaction for those that had purchased below $0.01 and seems to have resulted in profit taking and perhaps
some shorting of the stock. Also a large block of shares, which were
held by a former partner, were sold on the market, which created further pressure on the stock.
The disclosure status of the company is still not cleared by the OTC Pinksheets Market compliance and filings are being reviewed. They have asked for further clarification from the company and we are working towards a resolution, however, the disclosure requirements will not take precedent over the stock purchase offer and related material and since we have limited staff to work on said disclosure and stock purchase offer, we prefer allocating our resources where it will be more beneficial to our shareholders.
We continue to be grateful to all shareholders and it is our utmost intention to provide you with accurate and timely information in order to facilitate your decision making in either accepting and or declining the stock purchase offer. We hope this has provided you with the added information needed.
Again, we will continue to inform you on our situation and progress and we thank you for your support.
Sincerely
PATRIOT ENERGY CORP.
Per: Tony Bisante
President and CEO