GSAE, MDOR, DVME, JAGR, MPPC, CHYU, ACCP, GOIG, LUNA, NEOM, ADXS, ETLY, FTBK OTCPicks.com Daily Market Movers Digest Midday Report for Friday, September 25th

Our Stocks to Watch today include Green Star Alternative Energy Inc. (OTC: GSAE), Magnum d'Or Resources Inc. (OTCBB: MDOR), Diverse Media Group Inc. (OTC: DVME), Jaguar Mining Enterprises Inc. (OTC: JAGR), myPhotopipe.com Inc. (OTC: MPPC), China Youth Media Inc. (OTCBB: CHYU), Access Pharmaceuticals Inc. (OTCBB: ACCP), GoIP Global Inc. (OTC: GOIG), Luna Innovations Inc. (Nasdaq: LUNA), NeoMedia Technologies Inc. (OTCBB: NEOM), Advaxis Inc. (OTCBB: ADXS), ECOtality Inc. (OTCBB: ETLY), Frontier Financial Corp. (Nasdaq: FTBK).

 

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GREEN STAR ALTERNATIVE ENERGY INCORPORATED (OTC: GSAE)

"Up 44.23% in morning trading"

 

Detailed Quote: www.otcpicks.com/quotes/GSAE.php 

 

Company Profile: http://www.otcpicks.com/Newsletter/GSAE_eProfile_091708.htm 

 

Green Star Alternative Energy is an environmentally conscious, renewable energy producer. The Company is working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focussed on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

 

GSAE News:

 

September 24 - Green Star Negotiating a Joint Venture to Construct 120 MW Wind Farm

 

Green Star Alternative Energy, Inc. (OTC: GSAE) ("GSAE" or the "Company") announces that the Company is in negotiations with a private corporation for the development of a 120 MW wind energy facility. The project is in the advanced stages of pre-construction and in a high wind velocity zone.

 

The 120 MW wind farm is to be sited in North East Serbia - specifically in the Municipality of Pancevo, District of Banat, within the Autonomous Province of Vojvodina. Over 28 months of wind resource data has been accumulated over three micro locations and the results indicate significant energy potential. A "Protocol of Cooperation" has been signed by the City of Pancevo, Secretariat of Energy for AP Vojvodina, and the Serbian Energy Efficiency Agency; and a license for grid connection is in process by the national transmission operator (EMS).

 

Data analysis has been conducted using the Wind Atlas Analysis and Application Program (WAsP); it has provided optimal wind turbine positioning for 60 - 2 MW generators. The existing 110 kV overhead line runs adjacent to the site and allows for economical integration to the electrical grid; in addition, the transportation infrastructure further eases the construction process. The 120 MW wind energy facility is expected to generate revenues in excess of $62 million per annum.

 

Mike Andric, CEO of Green Star Alternative Energy, stated: "This is an important development for both Green Star and the Republic of Serbia. The project will firmly establish wind as the foremost renewable energy source for the entire region by supplying over 40,000 homes with electricity."

 

MAGNUM D'OR RESOURCES (OTCBB: MDOR)

"Up 6.03% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/magnum-resources/magnum-resources.htm

 

Magnum d'Or Resources, Inc. focuses in operating in recycling and waste management sectors. It intends to develop facilities that produce rubber powders, thermoplastics, and thermoplastics elastomers. Magnum holds licensing rights to various patents that would allow rubber to be devulcanized, specialty blend EPDM powders, and EPDM compounds. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.

 

MDOR News:

 

September 25 - Greentech International Advisors Announces New Positive Developments as Well as Worldwide Investors for MDOR

 

Greentech International Advisors, Inc announces continuing successful developments with Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling solutions company.

 

Magnum CEO Joseph Glusic was a speaker today on "Capital Thinking," a weekly Internet radio show on the VoiceAmerica Business network. The show brings top guests from the world of politics, policy, the legal world, and the business community. To view the company's website click: www.modavox.com/VoiceAmericaBusiness.

 

This radio talk show also included Magnum's council, Patton-Bogg's Partner Carolyn McIntosh and host Kevin O'Neill, with their political and legislative insights.

 

Greentech's V.P. commented, "I am excited to announce that over the last few weeks we have been getting hundreds of positive comments and inquiries from new and existing shareholders and investors. With the recent release of Magnum/SRI's Breakthrough Revolutionary technology and recent news, MDOR investors and shareholders are apparently spreading worldwide. We have now confirmed that there are new shareholders and investors investing in the company's common shares through the open market from Europe, UAE, Lebanon and Saudi Arabia."

 

Greentech Intl Advisors stated, "We would like to address two major accomplishments that will more than likely propel and leapfrog MDOR far into the future for OEM Virgin Tire and Retread tire manufactures. These two markets alone are a $19 billion dollar industry that MDOR is successfully entering with their Breakthrough Revolutionary Magnum/SRI custom compounds. Magnum/SRI Revolutionary custom compounds will not only provide the value added properties but will also provide the manufacture (client) with substantial cost savings on their raw material purchases."

 

The real question to be answered is: "How many people will end up using this Next Generation custom compound when they realize that the properties are completely comparable, if not better, than their current supply of natural and virgin materials, but much cheaper? To reiterate the importance of these developments, here are some notable excerpts from recent news:

 

1. Magnum/SRI is happy to report that our production samples have performed exemplary, having equaled the performance, thus far, of the original virgin tires (control samples) in all areas of performance without exception. This in itself is history in the making. In due course, the testing will be completed and Magnum/SRI will be able to use these results, not only to show the ability of their Revolutionary custom compounds to perform adequately under strenuous test conditions, but will also provide valuable data for their development work.

 

2. Magnum/SRI has moved further than originally anticipated in this regard and expects to also move ahead with earlier developed Revolutionary custom compounds for retread tires by carrying out similar tests and trials. It should be noted, however, that having gained ground in a much more challenging application than originally planned, Magnum/SRI anticipates little or no problem in making a mark in the retread compound sector believed to be an extremely important product application that Magnum/SRI's low cost process will have the highest impact on in the immediate term.

 

Magnum will also be updating the market soon with some additional positive developments. The company looks to disclose some key events that are and have taken place at its newly acquired 120+ acre facility and tire landfill in Hudson, Colorado.

 

Greentech's spokesperson stated, "We here at Greentech feel the market will be very excited with the upcoming news. We have also made arrangements to visit the site personally in the coming weeks to take a firsthand look at the progress and development of Hudson."

 

Greentech is confident that the weeks to come will prove to be some of the most valuable weeks for MDOR. With the current substantial achievements and upcoming positive news we feel Magnum is positioned to be a world leader in the market of recycled tires, rubber, and compounds.

 

DIVERSE MEDIA GROUP INCORPORATED (OTC: DVME)

 

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

 

Company Profile: http://otcpicks.com/Newsletter/DVME_eProfile_091709.html 

 

Diverse Media Group, Inc. (OTC: DVME) is an entertainment company that aggregates expertise across all aspects of the media industry. Diverse Media Group has at its core the established 27-year history of its wholly owned subsidiary, Diverse Talent Group. Diverse Talent Group is now the 10th largest Hollywood agency offering talent and literary representation in commercials, episodic television, cable programming and motion pictures. The company has the ability to create programming, foster distribution and represent talented individuals to fuel a new digital age of content generation. The parent company also includes the subsidiary Talent Quest America, Inc., which identifies new and rising talent representing the future of the Hollywood entertainment community.

 

DVME News:

 

September 21 - Diverse Media Group Inc. Options Six Titles From Elio Pictures

 

Diverse Media Group, Inc. (OTC: DVME) has optioned to purchase a 30% interest in six titles from Elio Pictures. Diverse Founder and CEO Chris Nassif describes the move as an important building block in acquiring a library of titles for distribution both domestically and worldwide. The Company acquired its first television property, “Hometeam,” in 2007. The program is currently airing in syndication in the U.S. and in South Africa. Nassif says, “Our analysis shows a dramatic shift in media metrics. It gives us an opportunity to create a strong business model, distributing a wide variety of titles across a multitude of platforms.”

 

The Elio Pictures titles include “The Lost Angel” (2005) with Judd Nelson and Nicholas Celozzi, “Framed by Seduction” (2004) starring Robert Patrick, “Nightmare Boulevard” (2004) starring Claudia Christian and Corbin Berenson, “7-10 Split” (2007) featuring Tara Reid and Rachel Hunter, and “Senior Skip Day” (2008) with Lea Thompson and Norm MacDonald. The sixth title, “Momo,” is currently in development.

 

The option is being purchased with 25 million shares of Diverse Media Group restricted common stock, valued at $50,000. The Company has until March 30, 2010, to exercise its option for a cash price of an additional $400,000. According to Elio Pictures, “Framed by Seduction,” made for $3.5 million, has earned $10 million alone, worldwide, since its release.

 

Acclaimed producer, writer and director Dimitri Logothetis, CEO of Elio Pictures, says, “We’re very excited to be involved with a forward-looking company like Diverse. I have enormous respect for Chris Nassif as an innovative thinker, and I look forward to developing a strong business relationship with our projects.”

 

JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)

"Up 37.50% in morning trading"

 

Detailed Quote: www.otcpicks.com/quotes/JAGR.php 

 

Company Profile: http://www.otcpicks.com/jaguar-mining/jaguar-mining.htm 

 

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs.

 

JAGR News:

 

September 23 - Jaguar Mining Enterprises Announces Revised Projections on Cascaronal Mine

 

Jaguar Mining Enterprises, Inc. (OTC: JAGR), an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico, announced today that it has received a revised estimate on the reserves of the Cascaronal Mine. In addition to the main body of iron ore estimated at 20 million metric tons, it is projected that there is an additional 10-15 million metric tons of iron ore located just outside of the main body.

 

"This additional amount of iron ore located at the Cascaronal Mine expands our options of production," said Dale Williams, President of Jaguar Mining Enterprises. "While this extends the life of the mine, it also raises the possibility of expanding the workforce to increase production."

 

MYPHOTOPIPE.COM INCORPORATED (OTC: MPPC)

 

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

 

Company Profile: http://www.otcpicks.com/myphotopipe/myphotopipe-2.htm

 

MyPhotopipe.com Inc. is a US-based provider of online digital photo processing and related services catering to high-end amateur and professional photographers. The Company’s primary web portal is www.myphotopipe.com. Its services include photo finishing and printing, online sharing, photo books, digital photo templates, and online hosting and selling of photographs. The Company provides services to more than 18,500 professional and high-end amateur photographers nationwide; more than 190,000 copies of its software have been downloaded and are in use.

 

MPPC News:

 

September 16 - myPhotopipe.com Launches Technology Platforms for Retail and Commercial Users

 

myPhotopipe.com, Inc. (OTC: MPPC) announced the completion of a suite of online digital photo tools that will allow retailers and other vendors to seamlessly integrate with the Company's photo print lab and purchase print processing services.

 

"This is huge for us and for our customers," stated Darren Schiff, Chief Operating Officer of myPhotopipe.com, Inc. "There are hundreds of web sites and retailers that offer prints to their customers. Until now, they had few, if any, options for high quality print fulfillment and were literally forced to work with high-volume, low-end processors. That doesn't work if quality is the name of the game and better quality prints are in high demand. These companies can now access our professional lab for back-end fulfillment, using an entirely automated suite of web-based tools. They get professional prints at competitive prices and are able to seamlessly access the capabilities of a professional lab. We believe we are the first professional lab to offer this level of integration."

 

Schiff estimated that the Company's new Application Programming Interface ("API") will allow myPhotopipe.com to compete for the tens of millions of dollars that are currently funneled to print processors through independent front-end retailers and photo hosting sites. "Because prints are family treasures that last a lifetime, quality has become a defining feature," noted Schiff. "By writing to our API, we provide these retailers with access to high quality, professional services and the finest prints in the nation. The retailers own the customers. We handle the fulfillment. Everyone wins."

 

The Company's proprietary API allows myPhotopipe.com to serve as the back-end provider to any web site or retailer that offers prints to its customers. This includes fashion sites that provide composition prints for models, sites used by professional photographers to sell "event" photos, and countless others that earn revenues for the processing of digital photos into prints.

 

Schiff expects an incremental revenue bump from the onset, with the potential to double corporate revenues though API services. "It's all about servicing the digital age with better features and a professional back-end product," said Schiff. "We expect to announce our first customer for this service within the next few weeks."

 

CHINA YOUTH MEDIA INCORPORATED (OTCBB: CHYU)

 

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

 

Company Profile: http://www.otcpicks.com/china-youth-media/china-youth-media.htm

 

China Youth Media, Inc. is a China-focused youth marketing and media company whose business is to deliver advertising and content to one of the most sought after and fastest growing demographics in the world. Through its wholly owned subsidiary Youth Media (Hong Kong) Limited, CHYU has secured contracts with a term of 20 plus 10 years that provide exclusive rights from the Chinese government controlled corporation, China Youth Interactive, which uniquely position CHYU to market to China’s massive student population with preferred access online, on campus and on mobile. CHYU currently targets China’s campus-based college students, who total more than 30 million and make up a key segment of the largest youth market in the world.

 

CHYU News:

 

September 9 - China Youth Media Launches Converse Ad Campaign on Koobee Network

 

China Youth Media, Inc. (OTCBB: CHYU), a China focused youth marketing and media company, announced that its Koobee Network has launched an advertising campaign for the athletic footwear company Converse, a subsidiary of the world’s leading athletic shoes and apparel company, Nike.

 

Koobee, China Youth Media’s Intranet Television Network and media portal, delivers TV-quality content and advertising directly to China’s 30 million plus college students on a dedicated network targeted to campuses nationwide. The Converse ad campaign is running on Koobee’s recently launched MOGO Music Channel. Produced for and targeted specifically to China’s youth market, the ads feature a nationwide music competition sponsored by Converse that allows young music fans to interact with one of the most popular rock bands in China.

 

“We are very pleased to launch the Converse campaign on Koobee and expect it to become one of many to generate ad revenue for the company,” commented Jay Rifkin, China Youth Media’s CEO. “As more campaigns like this are sold, we believe that Koobee’s highly targeted youth platform will become premium ad inventory for major global brands.”

 

ACCESS PHARMACEUTICALS INCORPORATED (OTCBB: ACCP)

 

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

 

Company Profile: http://www.otcpicks.com/access-pharmaceuticals/access-pharmaceuticals.htm 

 

Access Pharmaceuticals, Inc. is an emerging biopharmaceutical company that develops and commercializes propriety products for the treatment and supportive care of cancer patients. Access' products include ProLindac™, currently in Phase 2 clinical testing of patients with ovarian cancer, and MuGard™ for the management of patients with mucositis. The company also has other advanced drug delivery technologies including Cobalamin™-mediated targeted delivery and oral drug delivery, its proprietary nanopolymer delivery technology based on the natural vitamin B12 uptake mechanism; Angiolix®, a humanized monoclonal antibody which acts as an anti-angiogenesis factor and is targeted to breast cancer; and Thiarabine, a new generation nucleoside analog which has demonstrated both pre-clinical and clinical activity in certain cancers.

 

ACCP News:

 

September 11 - Access Pharmaceuticals Signs Agreement to Manufacture Its FDA-Approved MuGard in the United States

 

Access Pharmaceuticals Inc. (OTCBB: ACCP) has entered into an agreement with a leading commercial manufacturer to produce its FDA-approved MuGard for North American distribution. One or more U.S. market seeding studies could begin as early as Q4 2009, the company says.

 

In a comparison of cancer patients receiving standard oral mucositis care with those patients receiving MuGard , MuGard has been shown to significantly reduce the incidence and severity of the debilitating side effect of radiation treatment and chemotherapy.

 

Access has contracted with Accupac, Inc. to serve as its commercial manufacturer of MuGard in North America. Accupac manufactures, fills and packages a wide range of consumer commodity, over-the-counter (OTC) and prescription (Rx) products for the world's largest pharmaceutical and consumer products companies.

 

"Access is moving forward with the development of MuGard in North America," said Jeffrey B. Davis, Access' President & CEO. "Establishing our relationship with Accupac, a leader in liquid contract manufacturing, is critical to our successful commercialization of MuGard. In addition, Access is currently evaluating potential eMarketing partners as well as potential co-promotion or other licensing opportunities."

 

Access intends to use the initial batches of MuGard in connection with one or more market seeding studies to be conducted in the U.S. pursuant to protocols that are currently being developed. Access hopes to finalize these protocols and begin one or more market seeding studies in Q4 2009.

 

MuGard is a novel, ready-to-use mucoadhesive oral wound rinse for the management of oral mucositis. MuGard forms a protective coating over the oral mucosa when swirled gently around the mouth. Up to 80% of all patients receiving radiotherapy and approximately 40% of all chemotherapy patients develop oral mucositis, and almost all patients receiving radiotherapy for head and neck cancer and those undergoing stem cell transplantation develop symptoms. MuGard is currently being marketed in the United Kingdom, Germany, Italy, Norway and Greece by Access' partner, SpePharm.

 

Updated clinical practice guidelines for the prevention and treatment of mucositis recommend the use of a preventive oral care regimen as part of routine supportive care along with a therapeutic oral care regimen if mucositis develops. The market for the treatment of oral mucositis, expanding to include all patients undergoing chemotherapy and radiotherapy, is estimated to be in excess of $5 billion worldwide.

 

GOIP GLOBAL INCORPORATED (OTC: GOIG)

"Up 41.67% in morning trading"

 

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

 

GoIP Global, Inc. operates as a mobile media company in the United States. Its products and services offer access to news, entertainment, products, and services through wireless devices. The company primarily offers GoIP Inform, a Web-based text messaging management application, which enables organizations to create, manage, and send text messages directly to their members, customers, or employees via an opt-in text message subscription service. It has a strategic alliance agreement with Ping Mobile to develop, market, and sell mobile media service-oriented architecture products. The company is based in New York, New York.

 

GOIG News:

 

September 25 - GoIP Global, Inc. Finalizes China Merger

 

GoIP Global, Inc. (OTC: GOIG) announces a company update to their previous news release. Further to the company news announcement of Sept. 17 where, among other things, GoIP Global, Inc. introduced three targeted foreign merger candidates, the company is pleased to announce the successful closing of the merger.

 

Again, two of these companies are based in China: Yezhifeng Innovation Media and Design, Inc. and Wuhan Modern Foreign Language and Culture Media Group, Inc. The third company is a Chinese-Canadian newspaper and media technology company 401bz, located in Toronto, Canada. EE Global, Inc. is the parent company of all of these three media companies.

 

Yezhifeng Innovation Media and Design Inc. specializes in media, fashion, window and interior designs; its website is located at http://ezf.518d.net.

 

Wuhan Modern Foreign Language and Culture Media Group, Inc. carries one of the most popular English educational publishing and translation brands in Mainland China, one of its main educational publishing portals at www.wmmenglish.com. English education in Mainland China is one of the key success factors to China's export-oriented economy, the third largest economy in the world.

 

The company will also add the following four directors and officers (five in total) to GoIP Global, Inc. as of October 1, 2009.

 

Ike H. Sutton, John Baird, Phillip Welsh, Parry Long, and the 5th are to be appointed by the China subsidiary. Mr. Ike H Sutton said, "My role with GOIG moving forward will be reduced and only focused on USA operations. GOIG is being structured as a real mid-size growth company with active board members, new company CEO for China to be announced shortly and the launch of our new corporate web site shortly. We are skipping the usual formalities of praising officers and directors of the merged company. We are serious about increasing shareholder value and are immediately getting down to business."

 

More updates will follow shortly, from U.S.A, Canada and China operating subsidiaries of GOIG.

 

LUNA INNOVATIONS INCORPORATED (NASDAQ: LUNA)

"Up 147.32% in morning trading"

 

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

 

Luna Innovations Incorporated develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia. Luna’s nanoWorks division, located in Danville, Virginia, is developing pharmaceutical products empowered by nanomaterials with applications in diagnostics and therapeutics. Luna’s exclusive carbon nanomaterials offer unique physical, chemical, thermal, magnetic, biological, optical and electronic properties that can be tailored to customer needs.

 

LUNA News:

 

September 18 - Luna Innovations Receives NASDAQ Notification Regarding Bid Price; Grace Period Granted Through March 15, 2010

 

Luna Innovations Incorporated (Nasdaq: LUNA), a company focusing on sensing & instrumentation and pharmaceutical nanomedicines, today announced that the Company has received a letter from The NASDAQ Stock Market indicating that because the bid price of the Company’s common stock closed below the minimum $1.00 per share threshold set forth in NASDAQ Listing Rule 5550(a)(2) for the prior 30 consecutive business days, the Company has been provided 180 calendar days, or until March 15, 2010, to regain compliance with the minimum bid price requirement. In addition, should the Company satisfy the criteria for initial listing on The NASDAQ Capital Market (except for bid price) as of March 15, 2010, the Company will be entitled to a second 180-calendar day period, through September 13, 2010, to regain compliance with the minimum bid price requirement. The Company will regain compliance with NASDAQ’s minimum bid price requirement if the bid price of its common stock closes at $1.00 or higher for a minimum of ten consecutive business days during the compliance period. This notice does not affect the Company’s listing on NASDAQ at this time.

 

As previously announced on September 8, 2009, the NASDAQ Listing Qualifications Panel determined to transfer the Company’s listing to The NASDAQ Capital Market and to continue the listing of the Company’s common stock subject to several conditions, including the Company’s emergence from Chapter 11 reorganization by December 31, 2009.

 

NEOMEDIA TECHNOLOGIES INCORPORATED (OTCBB: NEOM)

"Up 17.48% in morning trading"

 

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

 

NeoMedia Technologies, Inc. is the global leader in mobile barcode scanning solutions. The company's technology allows mobile devices with cameras to read 1D and 2D barcodes and provide “one click” access to mobile content. Combining this technology with advanced analytics and reporting capabilities revolutionizes the way advertisers market to mobile consumers. NeoMedia provides the infrastructure to make 2D camera barcode scanning and its associated commerce easy, universal, and reliable — worldwide.

 

NEOM News:

 

August 6 - NeoMedia Shareholder Conference Call Information Released

 

NeoMedia Technologies, Inc. (OTCBB: NEOM), the global leader in mobile barcode scanning, announced the next shareholders’ conference call has been scheduled for Wednesday, September 2, 2009. Telephone numbers have been assigned and are listed below.

 

To expedite your sign-in process, dial in 5 minutes prior (9:55 AM ET) and have the Program Title ready (listed below).

 

Program Title: Quarterly Shareholder Conference Call

 

Date: 09/02/2009

Time: 10:00 AM ET/ / 9:00 AM CT / 8:00 AM MT / 7:00 AM PT

Duration: 45 minutes (includes Q&A)

Moderator: Iain McCready

 

Telephone numbers:

U.S. / Canada: 877-846-7397

 

International: 1-706-758-7095

 

ADVAXIS INCORPORATED (OTCBB: ADXS)

"Up 5.44% in morning trading"

 

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

 

Based in North Brunswick, New Jersey, Advaxis is developing proprietary Listeria monocytogenes (Lm) cancer vaccines based on technology developed by Dr. Yvonne Paterson, professor of microbiology at the University of Pennsylvania and chairperson of Advaxis’ scientific advisory board. Advaxis is developing attenuated live Lm vaccines that deliver engineered tumor antigens, which stimulate multiple simultaneous immunological mechanisms to fight cancer.

 

ADXS News:

 

September 25 - Advaxis Secures $5.0 Million Investment

 

Advaxis, Inc. (OTCBB: ADXS) has entered into a definitive agreement for a $5 million investment commitment (the “Investment”) with an investment fund (the “Investor”).

 

“This financing, combined with our current debt offering, will allow us to move from preparation to patient recruitment for our two, Company-sponsored Phase II clinical trials in cervical intraepithelial neoplasia (CIN) and invasive cervical cancer,” commented Advaxis Chairman & CEO Thomas A. Moore.

 

ABOUT THE INVESTMENT

 

Subject to certain conditions of the Investment, Advaxis may draw down funds from the Investor from time to time in our sole discretion, in one or more tranches, until September 24, 2012 through the issuance of Series A Preferred Stock at a price of $10,000 per share. The Series A Preferred Stock will not be convertible into common stock and may be redeemed by the Company after five years. Dividends on the Series A Preferred Stock are payable in additional shares of non-convertible Series A Preferred Stock at the rate of 10% per annum.

 

The Company has agreed to pay the Investor a fee of $250,000 of which $125,000 will be paid by October 28, 2009 and $125,000 will be paid on the closing date of the first draw-down by offset from the gross proceeds of such draw down.

 

Advaxis has also issued a three-year warrant (the “Warrant”) to the Investor to purchase up to 33,750,000 shares of Common Stock at $0.20 per share. The Warrant will become exercisable when a registration statement covering the resale of the underlying warrant shares is declared effective by the Securities and Exchange Commission (“SEC”) or such shares may be sold without restriction under Rule 144 under the Securities Act of 1933 (the “Act”), as amended, whichever occurs first.

 

Our ability to draw down funds under the Investment is subject to certain conditions, including the effectiveness of the registration statement covering the warrant shares or the eligibility of such shares to be resold without restriction under Rule 144, the continued listing of our common stock on the OTC Bulletin Board or another eligible trading market, the absence of a material adverse effect on the Company or any default under any material agreements, and the effectiveness of short-term, lock-up agreements from our officers, directors, affiliates, et al.

 

Except as provided in the definitive transaction documents, the securities described above have not been and will not be registered under the Act, as amended, or any state securities or “blue sky” laws, and may not be offered or sold in the United States absent such registration or an applicable exemption therefrom. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

 

ECOTALITY INCORPORATED (OTCBB: ETLY)

"Up 20.63% in morning trading"

 

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

 

ECOtality, Inc., headquartered in Scottsdale, Arizona, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.

 

ETLY News:

 

September 25 - Skymark Research Initiates Independent Research Coverage On ECOtality, Inc.

 

Skymark Research, a leading provider of small- and micro-cap independent investment research, has initiated coverage on ECOtality, Inc. (OTCBB: ETLY). Skymark Research is currently offering a complimentary trial subscription. To view the company's research go to www.skymarkresearch.com.

 

FRONTIER FINANCIAL CORPORATION (NASDAQ: FTBK)

"Up 14.81% in morning trading"

 

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

 

Frontier Financial Corporation is a Washington-based financial holding company providing financial services through its commercial bank subsidiary, Frontier Bank. Frontier offers a wide range of financial services to businesses and individuals in its market area, including investment and insurance products.

 

FTBK News:

 

September 22 - Frontier Financial Corporation Receives Nasdaq Notice of Minimum Bid Price Noncompliance

 

On September 15, 2009 Frontier Financial Corporation (Nasdaq: FTBK) received notice from the Nasdaq Stock Market stating that the minimum bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with Marketplace Rule 5450(a)(1). The notification letter has no effect at this time on the listing of the Company's common stock on the NASDAQ Global Market. Frontier's common stock will continue to trade on the NASDAQ Global Market under the symbol FTBK.

 

The notification letter states that Frontier will be afforded 180 calendar days, or until March 15, 2010, to regain compliance with the minimum closing bid price requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for at least ten consecutive business days. Nasdaq may, in its discretion, require the Company's common stock to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive days, before determining that the Company has demonstrated an ability to maintain long-term compliance.

 

If the Company does not regain compliance by March 15, 2010, Nasdaq will provide written notification to the Company that the Company's common stock will be delisted. At that time, the Company may appeal Nasdaq's delisting determination to a Nasdaq Listing Qualifications Panel. Alternatively, the Company could apply to transfer its common stock to The NASDAQ Capital Market if it satisfies all of the requirements, other than the minimum bid price requirement, for initial listing on The NASDAQ Capital Market set forth in Marketplace Rule 5505. If the Company were to elect to apply for such transfer and if it satisfies the applicable requirements and its application is approved, the Company would have an additional 180 days to regain compliance with the minimum bid price rule while listed on The NASDAQ Capital Market.

 

The Company intends to actively monitor the bid price for its common stock between now and March 15, 2010, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.

 

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