ALRX, LVLV, DUSS, SGCA, NFES, NVSR, HGSI, AMNE, ICOP, CSUN, BLKL OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, July 21st
Our Stocks to Watch today include AlphaRx Inc. (OTCBB: ALRX), LEVEL Vision Electronics Ltd. (OTC: LVLV), Dussault Apparel Inc. (OTCBB: DUSS), Strategic American Oil Corp. (OTCBB: SGCA), NF Energy Saving Corp. (OTCBB: NFES), NavStar Technologies Inc. (OTC: NVSR), Human Genome Sciences Inc. (Nasdaq: HGSI), American Green Group Inc. (OTC: AMNE), ICOP Digital Inc. (Nasdaq: ICOP), China Sunergy Company Ltd. (Nasdaq: CSUN) and Blink Logic Inc. (OTCBB: BLKL).
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ALPHARX INCORPORATED (OTCBB: ALRX)
"Up 5.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ALRX.php
Company Profile: http://www.otcpicks.com/alpharx/alpharx.htm
AlphaRx is a specialty pharmaceutical company dedicated to developing proven therapies by reformulating FDA approved and marketed drugs which through the application of its proprietary site-specific nano drug delivery technology, offers improved medical benefits and a potential for significant commercial product development.
ALRX News:
July 21 - AlphaRx Unveils its
AlphaRx (OTCBB: ALRX), an emerging biopharmaceutical company, utilizing proprietary drug delivery technology to develop novel formulations of drugs, is forging ahead with its growth strategy for Greater China. As part of this strategy, AlphaRx is poised to open a "state of the art" R D and pilot plant facility in
AlphaRx currently has a topical NSAID awaiting near-term registration in
The Chinese government has been a strong supporter of the life sciences industry. It plans to further increase its investment in the sector through a variety of grants and awards in some of its leading science and technology parks and through the National Program 863, originally established in March 1983 by Deng Xiaoping to award grants to science and technology projects that have significant commercial value. Most notably, in November 2008,
AlphaRx Inc. Rated a 'Speculative Buy' by Beacon Equity Research
AlphaRx Inc. (OTCBB: ALRX) has been rated a “Speculative Buy” by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at www.beaconequity.com.
In the report, the analyst writes, “ALRX is using partnerships with pharmaceutical companies and research institutions to leverage its own financial and R&D resources, reduce risk, and minimize out-of-pocket expenditures. The Company enters into partnerships for specific products at the early stage of product development through research collaborations or in some cases, will advance the product to clinical trials before seeking a development and/or commercialization partner.
“Assuming successful commercialization, 10% market penetration and 5% royalties from product sales, ALRX could be generating a $30 million annual royalty income stream from GAI-122 alone. The sales opportunity associated with Zysolin™ is equally as impressive. Based on estimates of a $450 million
Other companies providing drug delivery systems: Novartis AG (NYSE: NVS), Gilead Sciences Inc. (Nasdaq: GILD), Nektar Therapeutics (Nasdaq: NKTR) and Paladin Labs Inc. (NYSE: PLB).
LEVEL VISION ELECTRONICS LTD. (OTC: LVLV)
Detailed Quote: http://www.otcpicks.com/quotes/LVLV.php
Company Profile: http://www.otcpicks.com/level-vision-electronics/level-vision-electronics.htm
LEVEL Vision Electronics is an ODM/OEM (designer and manufacturer) of consumer electronics (mainly Wireless Handsets) primarily concentrating on the world's emerging markets. Through its Unique Business Model, LEVEL works hand-in-hand with the Telcos to customize the products to their specific targeted market requirements. Our current 3D products can be found online at www.levelelectronics.com and our upcoming related wireless handset software products are currently under development.
LVLV News:
July 21 - LEVEL Upgrading Its Website With Investor Aimed Information
LEVEL Vision Electronics Ltd. (OTC: LVLV) announced that it is currently putting final touches on its newly re-designed Website to keep Investors and the public informed of current Information, weekly News and New Product updates.
The new design is in line with LEVEL's plans to reach out to the public and inform shareholders and prospective investors on the company's roadmap. The following is a brief description of what will be available on the website; Stock quotes, Management & Board of Directors' resumes, current Product line, General and Specific Information about the company and much more. The official website address, as well as its "Go Live" date, will be released in an upcoming press release.
"With heavy requests for more information about the company coming in via our current website, we felt it timely to design a new and updated site which will allow the public to view and read all current information and public news. The Company information will now be available in one convenient place with a fresh new look," said Habib Coriaty, President and CEO of Level Vision Electronics Ltd. "In addition to the recent announcement of our new Corporate Finance Advisors, Hilbroy Advisory Inc., we are reaching out to the world's markets with information aimed at current shareholders and prospective investors," added Mr. Jean-Francois Lefebvre, Vice President of LEVEL Vision Electronics Ltd.
DUSSAULT APPAREL INCORPORATED (OTCBB: DUSS)
Detailed Quote: http://www.otcpicks.com/quotes/DUSS.php
Company Profile: http://www.otcpicks.com/dussault-apparel.htm
Dussault Apparel, Inc. is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC bulletin board.
DUSS News:
July 20 - Dussault Apparel Inc. Signs Agreement With Canadian Distributor EHM Holdings
Dussault Apparel Inc. (OTCBB: DUSS) (the Company) announced that its moderately priced lifestyle brand Deuce by Dussault will be distributed in Canada by EHM Holdings based in Vancouver, BC, the company is one of the leading distributors in the territory representing brands such as DKNY, Mexx, True Religion Mynk and many more. EHM Holdings plans to introduce Deuce by Dussault to the Canadian market in the late summer, fall of 2009.
"As we continue to develop the Dussault brand, we are very pleased to be working with Ted Margulius and his team at EHM Holdings for distribution of the Deuce Collection.
"We are very excited about our association with Dussault Apparel. The people are great and it's such a cool and unique brand, I think the public will embrace it," said Ted Margulius of EHM Holdings.
STRATEGIC AMERICAN OIL CORPORATION (OTCBB: SGCA)
Detailed Quote: http://www.otcpicks.com/quotes/SGCA.php
Company Profile: http://www.otcpicks.com/strategic-american-oil/strategic-american-oil.htm
Strategic American Oil Corporation is an exploration and production company with operations in
SGCA News:
July 21 - Strategic American Oil Corporation Identifies Two Pinnacle Reef Targets in
Strategic American Oil Corporation (OTCBB: SGCA) (the "Company") announces that it has identified two Devonian-Silurian aged Pinnacle Reef (oil) prospects in the Illinois Basin through the research of records from the Illinois State Geological Survey. The prospects are located in Fayette and
Company President and CEO, Randall Reneau, stated, "The identification of these prospects furthers our exploration plans for
Pinnacle Reefs are isolated biohermal structures. These reefs are relatively shallow in
NF ENERGY SAVING CORPORATION (OTCBB: NFES)
"Up 3.61% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NFES.php
Company Profile: http://www.otcpicks.com/nf-energy-saving-corp.htm
NF Energy Saving Corporation of
NFES News:
July 21 - NF Energy Saving Corporation Announces $5.21 Million Order For Energy-Efficient Flow Control Systems
Proprietary Systems to Be Used at Yunnan Amojiang Power Plant Scheduled Delivery of $1.1 million of Energy-Efficient Flow Control Systems in Q3 2009
* Total contract value amounts to US$1.09 million in revenue to be recognized in Q3 2009
* Per
NF Energy Saving Corporation (OTCBB: NFES) ("NF Energy"), a Chinese leader in energy efficient flow control systems, announced the $3.27 million of energy-efficient flow control systems for Yunnan Amojiang Hydro Power Plant, $1.09 million of which are to be delivered in Q3 2009.
Yunnan Amojiang Power Plant is a hydro power plant with design capacity of 99MW of generation capacity. Its total investment is RMB761 million (US$111.4 million).
"We are honored to participate in this important hydro project as it is an important component in
NAVSTAR TECHNOLOGIES INCORPORATED (OTC: NVSR)
"Up 57.78% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NVSR.php
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
NVSR News:
July 21 - NavStar Technologies,
NavStar Technologies, Inc. (OTC: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo with specific geographic focus in Latin America, announces that their efforts to acquire an annuity-based services/software company has been narrowed down to two companies.
N. Douglas Pritt, Chairman and CEO, confirmed that negotiations are underway with the final two candidates and that a Letter of Intent will be announced in the next two weeks.
NavStar also re-affirmed guidance regarding its expected financial performance over the next 5 years. The successful achievement of these financial objectives assumes the company's procurement of up to $2.0 million of funding in the 3rd quarter of this year and the completion of the services/software company. The summary financial income statement follows:
Based on the additional service revenue which will accrete to the base financial model, this acquisition should allow NavStar to galvanize additive revenue which will reoccur year to year based on the deployment of the asset tracking devices through customers in Latin America. Several Latin American customers/governments have already indicated under binding Letters of Intent a desire to acquire the company's products.
N. Douglas Pritt, Chairman and CEO, said, "In addition to the reoccurring monthly service revenue which we will realized from this acquisition, we will also be in a position to respond quickly to customers' request for quotes (RFQ) and offer customized solutions that competitors will have difficulty matching."
HUMAN GENOME SCIENCES INCORPORATED (NASDAQ: HGSI)
"Up 14.47% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HGSI.php
The mission of HGS is to apply great science and great medicine to bring innovative drugs to patients with unmet medical needs. The HGS clinical development pipeline includes novel drugs to treat hepatitis C, lupus, inhalation anthrax and cancer. The Company's primary focus is rapid progress toward the commercialization of its two lead drugs, Albuferon® (albinterferon alfa-2b) for hepatitis C and BENLYSTA(TM) (belimumab, formerly LymphoStat-B®) for lupus. Albuferon has now completed Phase 3 development, and the filing of global marketing applications is expected in fall 2009. Two Phase 3 trials of BENLYSTA are ongoing, with results expected in July and November 2009. In April 2009, HGS completed delivery of 20,000 doses of raxibacumab (ABthrax(TM)) to the U.S. Strategic National Stockpile for use in an emergency for the treatment of inhalation anthrax. The Company also has several drugs in earlier stages of clinical development for the treatment of cancer, led by the TRAIL receptor antibody HGS-ETR1 and a small-molecule antagonist of IAP (inhibitor of apoptosis) proteins. In addition, HGS has substantial financial rights to certain products in the GSK clinical pipeline including darapladib, currently in Phase 3 development as a potential treatment for coronary heart disease, and Syncria® (albiglutide), currently in Phase 3 development as a potential treatment for type 2 diabetes.
HGSI News:
July 20 - Human Genome Sciences and GlaxoSmithKline Announce Positive Phase 3 Study Results for BENLYSTA™ in Systemic Lupus Erythematosus
BENLYSTA (Belimumab) Met Its Primary Efficacy Endpoint by Achieving a Statistically Significant Improvement in Patient Response Rate Versus Placebo in BLISS-52; First Drug for Lupus to Reach This Advanced Stage of Clinical Development and Achieve Positive Results, in the Largest Randomized Placebo-Controlled Clinical Trial Ever Completed in SLE Patients
Human Genome Sciences, Inc. (Nasdaq: HGSI) and GlaxoSmithKline PLC (GSK) announced that BENLYSTA™ (belimumab, formerly LymphoStat-B) met the primary endpoint in BLISS-52, the first of two pivotal Phase 3 trials in patients with serologically active systemic lupus erythematosus (SLE). In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA plus standard of care achieved a clinically and statistically significant improvement in patient response rate at Week 52, compared with standard of care alone. Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.
"The BLISS-52 results demonstrated that BENLYSTA has the potential to become the first new approved drug in decades for people living with systemic lupus," said H. Thomas Watkins, President and Chief Executive Officer, HGS. "Given the limited treatment options currently available, patients would benefit greatly from potential new treatments. BENLYSTA is an outstanding example of the type of treatment HGS is working to develop and bring to patients. Assuming positive results in November from our second Phase 3 trial of BENLYSTA, we and GSK plan to submit marketing applications in the
Belimumab is an investigational drug and the first in a new class of drugs called BLyS-specific inhibitors. No new drug for lupus has been approved by regulatory authorities in more than 50 years. Belimumab is being developed by HGS and GSK under a co-development and commercialization agreement entered into in August 2006.
"Lupus is a chronic, often debilitating, and sometimes fatal illness that affects an estimated five million people worldwide and can have a devastating effect on both patients living with the disease and their families," said Carlo Russo, M.D., Senior Vice President, Biopharm Development, GSK. "BENLYSTA is the first medicine being developed specifically for lupus that has reached this late stage of clinical development with positive results. We look forward to completing the pivotal studies, with the hope of bringing this potentially important therapeutic advance to patients suffering from SLE."
AMERICAN GREEN GROUP INCORPORATED (OTC: AMNE)
"Up 27.12% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AMNE.php
AMNE is moving into the six billion building insulation business by becoming a cutting edge chemical sales company. The company is creating a new, wholly owned subsidiary to operate this business which will be headed by Terry Mixon, who plans on implementing this business strategy by using the web, mailing, telephone marketing, and television advertising campaign to grow our associate applicator membership to at least 5 distributor companies in each state. AMNE will begin by recruiting known successful application companies in each state then begin a web-based associate membership drive. The corporation will offer equipment, training and great pricing plus marketing support through the web program to all new associates.
AMNE News:
July 21 - AMNE Receives Approval From FINRA for 5-for-1 Forward
American Green Group, Inc. (OTC: AMNE) announced the Company has received approval from FINRA to proceed with its 5-1 Forward Stock Split.
The record date is July 31, 2009 and the Ex-Dividend Date is August 5, 2009 the shares will be delivered to shareholders without any further action on their part.
AMNE appreciates the patience of its shareholders while the Company went through this very lengthy process. The Company strives to deliver and perform for the shareholders, but cannot anticipate the kind of delays it recently dealt with in trying to get approval for the forward split.
In other News...
AMNE would like to invite everyone to visit its news web site www.americangreengroup.com and join the mailing list. The Company was successful in obtaining its original domain name and has been working to integrate all the components of the Company in one site.
Over the course of the next few weeks the Company will continue to update shareholders of the recent progress the Company has made in several areas.
ICOP DIGITAL INCORPORATED (NASDAQ: ICOP)
"Up 25.85% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ICOP.php
ICOP Digital's products capture the true story. ICOP provides in car video solutions and mobile video solutions for use in the law enforcement, fire,
ICOP News:
June 16 - ICOP Announces Exercise of Green Shoe Option by Paulson Investment Company, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, announced Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp, (NASDAQ: PLCC) has opted to exercise the over-allotment option for 97,500 units on the most current ICOP offering, which closed June 5, 2009. Additional net proceeds to the Company are $403,650.
The Green Shoe grants Paulson, lead underwriter on the June 5, 2009 offering, a 45-day option to exercise the additional units. "We are very pleased to have been able to work with ICOP in raising these additional funds," said Chet Paulson, Founder and Chairman of Paulson Investment Company, Inc.
"The continued vote of confidence from Paulson is greatly appreciated," said Dave Owen, Chairman and Chief Executive Officer of ICOP Digital, Inc. "We believe the extra proceeds will help us continue to accelerate the execution of our business plan."
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
ABOUT PAULSON CAPITAL CORPORATION
Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc. Headquartered in
CHINA SUNERGY COMPANY LIMITED (NASDAQ: CSUN)
"Up 12.49% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CSUN.php
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell products in
CSUN News:
July 10 -
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell manufacturer based in Nanjing, China, announced that it will hold its Annual General Meeting ("AGM") on August 25, 2009 at 9:00 a.m. (China Time). The AGM will be held at No. 123,
Holders of record of ordinary shares of the Company at the close of business on June 30, 2009, are entitled to notice of, and to vote at, the AGM or any adjournment or postponement thereof. Holders of the Company's American depositary shares ("ADSs") who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company's ADS program, JPMorgan Chase Bank, N.A.
The AGM will discuss and seek adoption of the following resolutions to be proposed by the Company:
Proposal No. 1 - Re-election of Mr. Jianhua Zhao as a Class B director of the Company.
Proposal No. 2 - Re-election of Mr. Steve Morgan as a Class B director of the Company.
Proposal No. 3 - Re-election of Ms. Merry Tang as a Class B director of the Company.
Proposal No. 4 - Appointment of the Independent Auditor Deloitte Touche Tohmatsu CPA Ltd. for the fiscal year 2009.
Proposal No. 5 - The directors and each of Tingxiu Lu and Ruennsheng Allen Wang (each, an "Officer") be, and hereby are, authorized to take any and every action that might be necessary to effect the foregoing proposals 1 to 4 as such director or officer, in his or her absolute discretion, thinks fit.
BLINK LOGIC INCORPORATED (OTCBB: BLKL)
Detailed Quote: http://www.otcpicks.com/quotes/BLKL.php
Blink Logic Inc. partners with ISVs to deliver SaaS Business Intelligence (BI) solutions to business executives in companies of all sizes. With the Blink Logic platform, ISVs can enhance their customer offerings to include powerful, yet easy-to-understand, reporting and analytics. Executives can leverage a full range of BI capabilities and actionable information to enable them to make better, faster, more informed decisions, in order to continuously increase revenue, customer satisfaction and profitability. Blink Logic is provided as a secure internet-based solution. By sharing the software, hardware, maintenance and support costs across tens of thousands of customers, Blink Logic delivers tremendous capability to its partners and their customers at a low monthly subscription price.
BLKL News:
July 20 - Blink Logic Participates in BeyeNETWORK's Software-as-a-Service Research Study
Research Study Focuses on the Benefits of Software as a Service (SaaS) and How Customers Are Using SaaS in a Decision-making Environment
Blink Logic Inc. (OTCBB: BLKL), the innovation leader in Software as a Service (SaaS) Business Intelligence (BI) announced its participation in the recent research study, Pay as You Go: Software as a Service Business Intelligence and Data Management. This study was published by BeyeResearch™, a community resource produced by the Business Intelligence Network.
The study, conducted by Claudia Imhoff of Intelligent Solutions and Colin White of BI Research, focuses on the benefits of software as a service (SaaS) and how this applies to business intelligence. With SaaS gaining more and more attention, there is still some confusion around SaaS and if a BI solution can thrive in a SaaS environment. The study also includes case studies highlighting real customer experiences and “lessons learned” when implementing a SaaS solution.
“In these tough economic times, it’s more important than ever for decision makers to have the information they need, when they need it and to immediately be able to slice and dice that data,” says David Morris, CEO of Blink Logic. “Companies can’t afford to spend the months it would take to install a system in house or the years it would take to build it themselves. SaaS BI is extremely cost effective and has a very low risk.”
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Disclosure: OTCPicks.com has been compensated seven thousand five hundred dollars by a third party (Blue Wave Advisors) for ALRX advertising and promotional services. OTCPicks.com has been compensated three hundred thousand free trading shares from a third party (Cap Inc.) for LVLV advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for DUSS advertising and promotional services. Previously OTCPicks.com has been compensated two thousand dollars by a third party (Planning Media) for DUSS advertising and promotional services. OTCPicks has been compensated ten thousand shares from a non-controlling third Party (Pentony Enterprises) for SGCA advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for NFES advertising and promotional services. OTCPicks.com has been compensated eight thousand dollars by the company for BLKL advertising and promotional services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.