Stockguru.com: Stocks to Watch for December 2, 2008 - CPTC, SPNG, GGLB, CHME, IMDS, and MVTG
Dec 02, 2008 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch today include : Composite Technology Corporation (OTCBB: CPTC), Spongetech Delivery Systems Inc (OTCBB: SPNG), Green Globe International, Inc. (OTCBB: GGLB), China Medicine Corporation (OTCBB: CHME), Imaging Diagnostic Systems Inc. (OTCBB: IMDS), and Mantra Venture Group Ltd (OTCBB: MVTG) Visit: http://www.stockguru.com to register for our daily Stocks to Watch and Trade Alerts.
Composite Technology Corporation (OTCBB: CPTC) Shares traded down 5.71% at $0.33
Composite Technology Corporation engages in the development, manufacture, and marketing of renewable and energy efficient electrical energy products. The company operates through two segments, CTC Cable and DeWind. The CTC Cable segment sells aluminum conductor composite core (ACCC) conductors, a composite core overhead electrical transmission conductor, as well as manufactures and sells the composite core component of the ACCC conductor and various accessories. ACCC conductors enable grid operators to reduce blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures without significant thermal sag of the lines. This segment markets its cable to public, private, and governmentally owned utilities and transmission line operators. The DeWind segment designs, produces, and sells wind generation turbines in the 1.25 and 2.0 megawatt range under the brand name DeWind. It markets its wind turbines directly to wind farm operators. The company also provides consulting services related to the engineering, design, and installation of product sale solutions. It markets its products in the United States and Canadian markets, through a distribution and purchase agreements with General Cable Industries, Inc.; and directly through its subsidiary, CTC Cable Corporation. The company also offers its products in Europe and China. Composite Technology has a strategic alliance agreement with TECO-Westinghouse Motor Company. The company was founded in 1980 and is headquartered in Irvine, California.
CPTC News Yesterday, Composite Technology announced that its subsidiary, DeWind, has completed the mechanical commissioning of the 2 megawatt D8.2 wind turbine sold to Hilltop Power LLC and erected in Pipestone County, Minnesota. All mechanical commissioning is complete and the turbine will complete electrical commissioning and synchronization with the grid before year end once the local power grid connection comes on line. Power is being sold to Xcel Energy on a local distribution line for use by local customers.
Spongetech Delivery Systems Inc (OTCBB: SPNG) Shares traded down 10.37% at $0.0268
Spongetech Delivery Systems, Inc. designs, produces, markets, and distributes hydrophilic polyurethane sponge cleaning and waxing products primarily for vehicular use in the United States. It utilizes patented technology relating to sponges containing hydrophilic, which are liquid absorbing, foam polyurethane matrices. The company?s product portfolio comprises specially configured sponges containing an outer contact layer and an inner matrix; children?s bath foam sponge with a safe mesh coating, which prevents tearing; and household cleaning sponges infused with anti-bacterial bath and kitchen soaps. Spongetech Delivery Systems, Inc. was founded in 1999 and is based in New York, New York.
SPNG News Yesterday, SpongeTech Delivery Systems announced that the company has entered into a joint venture with First Hand Tickets, Inc. First Hand Tickets, Inc. is a full service entertainment company that is engaged in the business of buying and selling a vast selection of premium, hard-to-find, sold-out and VIP tickets to all sporting events, concerts and theatrical performances throughout the world, acting "primarily" as a secondary market provider. Through the affiliate agreement, First Hand Tickets will increase site traffic to SpongeTech 's website potentially bringing millions of new visitors in front of SpongeTech 's products. The agreement also will provide First Hand Tickets with additional traffic to their website at http://firsthandtickets.com. For more information on ticket affiliate programs or to purchase tickets call 877-254-9849.
Green Globe International, Inc. (OTCBB: GGLB) Shares traded down 50% at $0.0001
Green Globe International, Inc., through its subsidiaries, engages in the travel, tourism, and related green businesses worldwide. The company offers Voyager Network travel distribution platform providing direct access to reservation systems of various travel suppliers, including airlines, cruise lines, hotels, car rental companies, and providers of other travel amenities worldwide. It searches for availability and price for the itinerary suggested by the buyer over various direct connected suppliers and global distribution systems; and presents the aggregated result in the format preferred by the buyer. The company has a strategic alliance with Scott Wilson to collaborate on Green Globe sustainability and carbon neutrality projects. Green Globe International, Inc., formerly known as GTREX Capital, Inc., was incorporated in 1999 and is based in Murrieta, California.
GGLB News Yesterday, Green Globe announced the release of the December 2008 edition of the company's investor newsletter, which reviews recent agreements with Green Hotel Certification, Sustainable Travel International and the World Youth Student and Educational Travel Confederation (WYSETC).
China Medicine Corporation (OTCBB: CHME) Shares traded down 5.88% at $0.80
China Medicine Corporation is a leading pharmaceutical company which discovers, develops, and distributes over 2,300 pharmaceutical products in China including prescription and over the counter ("OTC") drugs, traditional Chinese medicine ("TCM") products, herbs and dietary supplements. The Company distributes the products to wholesale distributors in 28 provinces, over 300 hospitals, 500 medicine companies, and 1,788 drug stores throughout China. The Company actively develops a number of proprietary products for many uses including oncology, high blood pressure and the removal of toxins from food and animal feeds.
CHME News Yesterday, China Medicine announced that the Company was awarded GSP (Good Supply Practice for Pharmaceutical Products) certification from the Guangdong Food and Drug Administration (Guangdong FDA). The GSP certification is given to pharmaceutical distributors that meet with the designated quality control systems required by the Guangdong FDA, which evaluates the management of employees, facility, inventory, sales and distribution systems, as well as product management systems. A stringent quality control system is required by the Chinese government to protect the integrity of the pharmaceutical industry in China as distributors are mandated to be GSP certified in order to engage in the pharmaceutical distribution business in China. In conjunction with China Medicine's success in obtaining the GSP certification, the Company will also be considered by the Guangdong FDA to include dentistry medical devices and instruments, peptide praeparatum and protein anabolica in its distribution product offering. The Company expects to receive the official approval in approximately 7 days for the aforementioned products.
Imaging Diagnostic Systems Inc. (OTCBB: IMDS) Shares stayed steady at $0.031
Imaging Diagnostic Systems, Inc., a development stage medical technology company, engages in commercializing medical imaging equipment in the United States. Its principal product includes the computed tomography laser breast imaging system (CTLM) for detecting breast cancer. CTLM is an imaging modality offering the potential of molecular functional imaging, which could visualize the process of angiogenesis and might be used to distinguish between benign and malignant tissue. The company also offers Laser Imager for LAB ANIMALS, an optical helical micro-CT scanner targeted at pharmaceutical developers and researchers who monitor cancer growth and use multimodality small animal imaging in their clinical research. Imaging Diagnostic Systems, Inc. installed its CTLM system in Italy, Germany, Poland, the Czech Republic, the Peoples Republic of China, Malaysia, and the United Arab Emirates. The company was founded in 1993 and is headquartered in Plantation, Florida.
IMDS News Yesterday, Imaging Diagnostic Systems announced that a recent study on CTLM is one of the featured scientific abstracts at RSNA 2008, November 30th - December 5th. Dr. Jin Qi, a radiologist at the Tianjin Medical University Cancer Institute and Hospital, Tianjin, China, was selected for her paper, "CTLM as an Adjunct to Mammography in the Diagnosis of Patients with Dense Breasts." Dr. Qi is attending RSNA with IDSI and will be present at the company's exhibit. Her study, which evaluated CTLM as an adjunct to mammography in women with heterogeneously or extremely dense breast tissue, found that CTLM could successfully distinguish malignant from benign lesions in dense breasts. The system's imaging capabilities were not affected by tissue density in breasts and could provide information about angiogenesis in malignant and benign breast lesions. Women who were scheduled for biopsy were first evaluated with mammography to classify breast density and then examined by the CTLM system. The CTLM examination was performed subsequently with mammography. The findings were then compared to mammography alone, the CTLM system alone, and CTLM and mammography adjunctively. Sensitivity, specificity, and positive predictive values were calculated by using standard methods. Among the extremely dense breast patient population, the sensitivity of mammography alone was 34.40%. CTLM alone resulted in a sensitivity of 74.40%, and mammography plus CTLM produced a sensitivity of 81.57%. The specificity of mammography alone was 90.48%; CTLM alone, 71.00%; and mammography plus CTLM was 72.22%.
Mantra Venture Group Ltd (OTCBB: MVTG) Shares traded up 3.70% at $0.28
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.
MVTG News Yesterday, Mantra Venture Group announced that the company will launch an initiative in early 2009 to implement the use of their proprietary carbon reduction technology (ERC) by steel manufacturers for the removal of rust and oxidation (pickling) from their steel products. The ERC process converts CO2, a harmful steel production byproduct, into valuable formic acid that can replace the use of hydrochloric acid in steel pickling. The steel industry currently spends $1.5 billion annually on hydrochloric acid for this purpose. By adopting Mantra's ERC technology, a steel producer can effectively reduce the release of harmful CO2 while simultaneously generating organic acid that they would otherwise have had to purchase. "This is a win/win/win for a steel producer, the environment and perhaps, our shareholders," said Larry Kristof, CEO of Mantra Energy Group Ltd. "By using Mantra's technology, steel producers can reduce a dangerous emission that is the primary cause of global warming and are immediately rewarded with biodegradable formic acid that replaces yet another harmful chemical - hydrochloric acid - for which the industry is spending $1.5 billion a year."
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