dallas Tx 9/9/2009 10:33:35 PM
News / Business

OPXA, AYSI, PHIG, AEN, TFNK, SOFN OTCPicks.com Stocks to Watch for Wednesday, September 9th

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Our Stocks to Watch include Opexa Therapeutics Inc. (Nasdaq: OPXA), Alloy Steel International Inc. (OTCBB: AYSI), PHI Mining Group Inc. (OTC: PHIG), Adeona Pharmaceuticals Inc. (AMEX: AEN), The Football Network Inc. (OTC: TFNK) and SoftNet Technology Corp. (OTCBB: SOFN).

 

Visit http://www.otcpicks.com/microcap.htm today to join this growing community.

 

OPEXA THERAPEUTICS INCORPORATED (NASDAQ: OPXA)

"Up 269.93% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/OPXA.php

 

Opexa Therapeutics, Inc. is dedicated to the development of patient-specific cellular therapies for the treatment of autoimmune diseases. The Company’s leading therapy, Tovaxin, is an individualized cellular immunotherapy treatment in Phase IIb clinical development for Multiple Sclerosis (MS). Tovaxin is derived from T-cells isolated from peripheral blood, expanded ex vivo, and reintroduced into the patients via subcutaneous injections. This process triggers a potent immune response against specific subsets of autoreactive T-cells known to attack myelin and, thereby, reduces the risk of relapse over time. Data from the first Phase IIb clinical study showed compelling evidence that Relapsing Remitting MS patients treated with Tovaxin saw overall clinical, MRI, and immunological benefits over the placebo group, including statistical significance for decrease in the Annualized Relapse Rate (ARR), improvement in disability score (EDSS), and improvement in quality of life measures (MSQLI), as well as an excellent safety profile with no serious adverse events related to Tovaxin treatment.

 

OPXA News:

 

September 8 - Opexa to Present at the Rodman & Renshaw 11th Annual Healthcare Conference September 11, 2009

 

Opexa Therapeutics, Inc. (Nasdaq: OPXA), a company developing Tovaxin®, a personalized T-cell immunotherapy for multiple sclerosis (MS), announced that Neil K. Warma, Opexa’s president and chief executive officer, will deliver a corporate presentation at Rodman & Renshaw’s 11th Annual Healthcare Conference. The conference will be held September 9-11, 2009, at the Palace Hotel in New York City.

 

Opexa’s presentation will take place at 10:50 a.m. (EST) on Friday, September 11, 2009 in the Henry Salon (5th floor) of the NY Palace Hotel. The presentation will include an overview of the company’s ongoing development program for Tovaxin, the company’s lead therapy for MS and an overview of the recently announced stem cell agreement with Novartis.

 

ALLOY STEEL INTERNATIONAL INCORPORATED (OTCBB: AYSI)

"Up 154.55% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/AYSI.php

 

Alloy Steel International, Inc., together with its subsidiary, Alloy Steel Australia (Int.) Pty Ltd., engages in the manufacture and distribution of Arcoplate, a wear-resistant alloy overlay wear plate. It offers fused-alloy steel plates for installation and use in structures and machinery that suffer wear and hang-up problems. The company is also developing the 3-D Pipefitting Cladder process. Alloy Steel International's customer base primarily consists of companies involved in the mining and dredging industries in Australia, the United States, South America, India, Indonesia, Singapore, South Africa, Japan, China, Canada, and Malaysia. The company was founded in 2000 and is based in Malaga, Australia.

 

AYSI News:

 

September 8 - Alloy Steel International Signs Supply Agreement With BHP Billiton

 

Mr. Gene Kostecki, Chairman and CEO of Alloy Steel International (OTCBB: AYSI), announced that Alloy Steel Australia (Int) Pty Ltd a wholly owned subsidiary of Alloy Steel International Inc. has signed a long term strategic supply agreement with BHP Billiton to supply Arcoplate Wear Resistant Super Alloy Wearplate for iron ore mining operations in Western Australia.

 

The initial product taken will be for the multi-million dollar expansion of their operations in the Pilbara area of Western Australia. The first product releases issued by BHP have been for value in excess of $5 million in the past 7 weeks. It is anticipated that over the next five years the value of Wearplate could be in excess of $50 million.

 

Since the announcement in August 2009 of Alloy Steel's successful commissioning, the increased level of interest in the new production mill shown in Arcoplate has been outstanding, according to Mr. Kostecki. Most of the major iron ore miners in Western Australia have enquired about booking production time for their own expansion programs and maintenance programs and are expected to order the full range of Arcoplate thicknesses.

 

Since commissioning the new Arcoplate mill, it has been working at full capacity satisfying the demand for the new 3/4 inch or 20mm material whilst the other Arcoplate mill has been fully utilized with the ongoing demand for the thinner overlay materials.

As a result of the increased level of interest in Alloy Steel's Arcoplate product by local and international mining companies, the Directors of Alloy Steel are planning for a further two production mills with substantially increased capacity to come on line in early 2010.

 

PHI MINING GROUP INCORPORATED (OTC: PHIG)

"Up 142.42% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/PHIG.php 

 

PHI Mining Group is a U.S.-based mining and exploration enterprise focused on acquiring and developing precious metal, base metal and industrial mineral properties. The company has signed agreements to acquire interests in gold, lead, zinc, copper, granite, and limestone properties in South East Asia and has partnered with VCS Mining, LLC. to explore mining opportunities in Haiti. PHI Mining Group is committed to high standards in the areas of environmental management and health and safety for its employees and neighboring communities.

 

PHIG News:

 

September 8 - PHI Mining Group's Subsidiary Receives Thai Granite and Marble Mining License

 

PHI Mining Group, Inc. (OTC: PHIG) (Frankfurt Stock Exchange: RPBA), a company engaged in mining, announced that its subsidiary IMC Granite Marble Thailand Company, Ltd. has been granted Mining License # 1/2552 for granite and marble mining by the Department of Primary Industries and Mines, Nakorn Ratchasima Province, Thailand.

 

The black pearl granite and marble mining area in connection with this license is situated in Wang Mee Sub-district, Wang Nam Kiew District, Nakorn-Ratchasima Province, Thailand, with approximately 81 acres and estimated total capacity of 1,400,000 cubic meters. After receiving the license, the company has exploited 700 cubic meters of granite and marble so far from this location.

 

The granting of this license is a result of the joint venture agreement between Indochina Mining Corporation (IMC), a wholly-owned subsidiary of PHI Mining Group, and Mr. Chinnawat Chaikijjanuwat of Bangkok to engage in granite and marble mining in Thailand. Other mines that are part of this agreement include: (1) a brown marble mine in Saraburi Province with estimated total capacity of 1,750,000 cubic meters and minimum capacity of 750,000 cubic meters, (2) a black marble mine in Lopburi Province with estimated total capacity of 1,200,000 cubic meters and minimum capacity of 450,000 cubic meters, and (3) a yellow marble mine in Lampang Province with estimated total capacity of 1,800,000 cubic meters and minimum capacity of 800,000 cubic meters. According to the agreement, IMC will contribute $3.75 million toward the total registered capital of $7 million for the black pearl granite project.

 

As references for the potential value of the above-mentioned mines, recent market prices for black pearl granite, brown marble, black marble, and yellow marble FOB Xiamen, China are approximately $2,100, $1,100, $960, and $800 per cubic meter, respectively.

 

ADEONA PHARMACEUTALS INCORPORATED (AMEX: AEN)

"Up 85.71% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/AEN.php

 

Adeona Pharmaceuticals, Inc. is a specialty pharmaceutical company dedicated to the awareness, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity in the mature population. Adeona believes that such conditions may contribute to the progression of debilitating degenerative diseases, including, dry age-related macular degeneration (dry AMD), Alzheimer's disease (AD) and mild cognitive impairment (MCI) in susceptible persons. Adeona is also developing a number of late-stage clinical drug candidates for the treatment of rheumatoid arthritis and multiple sclerosis.

 

AEN News:

 

September 8 - Adeona Forms Initial Sales and Marketing Team for Its Copper/Zinc Diagnostic Panel

 

Adeona Pharmaceuticals, Inc. (AMEX: AEN), a specialty pharmaceutical company dedicated to the awareness, diagnosis, prevention and treatment of zinc deficiency and chronic copper toxicity in the mature population, today announced the initial formation of its sales and marketing team and pre-launch efforts for its CopperProof serum-based copper/zinc diagnostic panel, which will be offered through Adeona's Hartlab subsidary. The CopperProof panel is a diagnostic test panel intended to provide a comprehensive look at the metabolic serum copper and zinc status of patients with Alzheimer's disease (AD) and mild cognitive impairment (MCI). Defects in copper metabolism and high free copper levels are increasingly being recognized as significant factors in the progression of neurodegenerative diseases, including AD and MCI. A clinical zinc deficiency in AD patients has also been recognized for the first time in a recent Adeona-sponsored clinical study.

 

In preparation for the near term launch of its Copperproof diagnostic panel, Adeona has begun hiring a sales and marketing team for key markets. These initial efforts are intended to target neurologists, psychiatrists, gerontologists, nursing homes and other physicians and institutions that regularly treat patients with AD and MCI. Adeona intends to continue to build a small specialty sales force of individuals each having extensive experience calling upon these specialty practices.

 

On July 9, 2009 Adeona completed the acquisition of Hartlab LLC a CLIA-certified clinical reference laboratory located in Bolingbrook, Illinois. On July 15, 2009, Adeona presented the results of the CopperProof 1 Study, a prospective observational study comparing serum parameters of copper and zinc status in patients with Alzheimer's disease, Parkinson's disease and normal subjects, at the 2009 International Conference on Alzheimer's Disease (ICAD) in Vienna, Austria. This study showed a strong correlation between Alzheimer's disease and impaired serum copper binding as well as elevated free (non-ceruloplasmin bound) serum copper levels in AD patients. The study also reported, for the first time, clinical and subclinical zinc deficiency in AD patients.

 

Max Lyon, Adeona's CEO, stated, "This is a milestone for Adeona. It is our intention to continue to grow the sales and marketing team with individuals having substantial experience in the AD and MCI markets. We consider chronic copper toxicity to be a significantly under-recognized and modifiable risk factor for the progression of AD and MCI. We have also recently completed the first international epidemiological study finding a correlation between copper plumbing tube use and the rates of prevalence of Alzheimer's disease by country and believe that such study lends further support to the growing body of evidence that chronic inorganic copper exposure plays an important role in the progression of Alzheimer's disease. Using Adeona's proprietary, modified oral zinc delivery technologies, Adeona is preparing to initiate the first clinical trial of oral zinc therapy for the once-a-day dietary management of AD and MCI."

 

TFN, THE FOOTBALL NETWORK (OTC: TFNK)

"Up 56.25% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/TFNK.php

 

The Football Network (TFN) specializes in coverage of football. TFN produces a radio show, "TFN's Football Focus", which is carried on radio stations nationwide. The company is developing a 24-hour cable television channel devoted exclusively to football, providing coverage of the sport, its players, behind the scenes reports, and shows devoted to football-related topics. It has offices in Marina Del Rey, California and Lynnfield Massachusetts.

 

TFNK News:

 

August 25 - TFN, The Football Network, Inc. Announces Plans for Second Sports Website

 

TFN, The Football Network, Inc. (OTC: TFNK) has signed an agreement to produce the second in a series of websites aimed at the sports market and sports fans. "We will be creating a second website named, 'TFN, The Fan's Network, Soccer'," said Jantonio Turner, President. "The new website will feature highlights and clips of soccer based programming and will be ready in 30 days."

 

"It is our intention to become a destination spot for all fans of all of the major sports and we will be developing the content and traffic for the major sports in the months to come," added Turner. "While we still have a long way to go, this is just another step in the continuation of the plan we previously announced and I am pleased with our progress," concluded Turner.

 

SOFTNET TECHNOLOGY CORPORATION (OTCBB: SOFN)

"Up 91.67% on Tuesday"

 

Detailed Quote: http://www.otcpicks.com/quotes/SOFN.php

 

SoftNet Technology Corp. is a Professional Services company offering professional expertise to enterprise and service provider clients. SoftNet's services are organized in three practice specialties, including Infrastructure Services, Application Development and Government Services.

 

SOFN News:

 

January 21 - SoftNet Technology Selected as Preferred Provider by National Telco

 

SoftNet Technology Corp. (OTCBB: SOFN) (German WKN: TG6) announced that it has been selected as a Preferred Provider for a National Wireless Telecommunications provider.

 

SoftNet management participated in a rigorous RFP process by the company of which the pool of providers was limited to approximately one in four of the organizations seeking status of Preferred Provider by this carrier. The reduction in the number of authorized providers will add value to our relationship with the client and the Company's overall business plan. Prior to the RFP, SoftNet was competing with numerous like firms. With the selection of fewer firms in the RFP process SoftNet will be one of a few select companies submitting against numerous projects and engagements this client relies on from outside Professional Services firms. The selection of SoftNet was based on a number of factors, including the Company's long term standing with the carrier, the reputation for supplying quality candidates for engagements, the competitive pricing structure SoftNet is able to achieve and the attention to the account by SoftNet Management.

 

“The management team of SoftNet is proud of this selection. It speaks to the focus the Company places on client satisfaction, the quality of work performed and the relationship of managers with their peers at a customer organization. The benefit of this status is that it could result in an increase in engagements for SoftNet in our core businesses, infrastructure and application development through a more efficient, timely and personalized approached to securing engagements. This will allow the Company to showcase and leverage two of our key reputation drivers; the quality of our consultants and recruiting capability,” said Jim Booth, President of SoftNet.

 

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