Dallas TX 10/6/2009 12:32:18 AM
News / Business

XODG, JAGR, BMGP, MFLI, MDOR, PNGB, PPTO, CICS, IPWG, LFBG, AVII OTCPicks.com Daily Market Movers Digest Midday Report for Monday, October 5th

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

Our Stocks to Watch today include Xodtec Group USA Inc. (OTCBB: XODG), Jaguar Mining Enterprises Inc. (OTC: JAGR), Biomagnetics Diagnostics Corp. (OTC: BMGP), Muscle Flex Inc. (OTC: MFLI), Magnum D'Or Resources Inc. (OTCBB: MDOR), Panglobal Brands Inc. (OTCBB: PNGB), Precision Petroleum Corp. (OTCBB: PPTO), Carbonics Capital Corp. (OTCBB: CICS), International Power Group Ltd. (OTC: IPWG), Left Behind Games Inc. (OTCBB: LFBG) and AVI BioPharma Inc. (Nasdaq: AVII).

 

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

 

XODTEC GROUP USA INCORPORATED (OTCBB: XODG)

"Up 13.46% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/xodtec-group.htm 

 

Xodtec, a Nevada corporation, is an Energy-Saving Lighting Solutions Provider based in Taiwan. Xodtec provides high performance and cost-effective energy-saving LED solutions and traditional lighting products for private companies, public facilities, residential communities, factories and households, providing optimal energy-saving solutions that meet today’s energy management requirements.

 

XODG News:

 

October 5 - Xodtec Group USA, Inc.'s Products to Be Sold at Sears, Costco, Lowe's and Bed Bath & Beyond

 

Xodtec Group USA, Inc. (OTCBB: XODG) (the “Company”), a market leader in LED lighting, announced that it has developed a marketing strategy and established a sales relationship with Wisam Enterprises Co. Ltd, a lighting fixture manufacture located in Taichung City, Taiwan. Wisam operates in the United States as Normande Lighting LLC.

 

Wisam’s product lines include a wide variety of desk and task lamps, table and floor lamps, torchiere lamps and a variety of lamp accessories. Wisam also provides its customers all-round services from design concept to final products with over fifteen years of production experience in the traditional lighting industry. Wisam is a listed ISO9002 manufacture, and has its own QA/QC team and testing facilities to ensure all products are problem free before shipment.

 

“Through this new relationship with Normande Lighting, Xodtec hopes to successfully introduce its indoor LED lighting products to a host of new potential customers at Sears, Costco, Lowe’s and Bed Bath & Beyond,” stated Curtis Su, Chairman of Xodtec Group USA, Inc. “This relationship may also give the Xodtec Group USA, Inc. a tremendous selling advantage over its competition and could make Xodtec’s products more available in the United States.”

 

JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)

"Up 35.71% 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."

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

"Up 4.37% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm

 

Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company’s revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.

 

BMGP News:

 

September 28 - Biomagnetics Diagnostics Receives a Financing Commitment up to $1 Million to Speed Development of Malaria Testing Technology

 

Equity investment provided by investors and anonymous philanthropic source

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a producer of revolutionary diagnostic systems and technology for malaria, tuberculosis, HIV and hepatitis testing, announced it has received a equity-based financing commitment up to $1 million from investors and an anonymous philanthropic source. These funds will be used to further develop the company’s unique handheld testing platform targeting the areas of malaria and bovine tuberculosis testing.

 

“We are very excited to be receiving this equity investment as it shows the significant commitment of our investors to furthering our corporate goals," commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “We view our technologies as potentially revolutionizing pathogen testing in a variety of important markets. Our first goal is to finalize our government laboratory partnership, which we believe will be occurring over the coming weeks. We will then use these new funds to quickly move this technology into the field where we believe a significant market exists. We have already landed our first commitment from China's third largest dairy and we believe many other organizations are eagerly awaiting our market entry.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. TB (tuberculosis) is the second leading cause of death from infectious disease worldwide. Bovine TB is a growing problem through out the world with an estimated 1.3 billion cattle at risk. In the United States, where the cattle industry is valued at $60 billion annually, the use of existing diagnostic tests currently add $5.00 to $15.00 on average per head to the cattle industry's costs. Field deployable integrated optical biosensor systems hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs.

 

MUSCLE FLEX INCORPORATED (OTC: MFLI)

"Up 11.11% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/muscle-flex-inc.htm

 

Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex's corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television media and shows for general network and cable broadcast.

 

MFLI News:

 

October 2 - Muscle Flex® Releases Its ‘In the Raw®’ Logo Designs

 

Muscle Flex Inc. (OTC: MFLI) announced that it has released the logo designs for its "In the Raw" product line. The "In the Raw" logo designs can be viewed at www.MuscleFlexInc.com.

 

The Muscle Flex "In the Raw" product line is going to include a number of product offerings that are a part of its registered trademark wares and services. The "In the Raw" clothing line will be a diversified portfolio of "In the Raw" branded merchandise. "In the Raw" products include multiple lines of apparel, such as caps, T-shirts and workout wear, extreme sports, reality-based videos and related music skewed to the extreme sports and mixed martial arts categories.

 

Muscle Flex is currently completing its first generation "In the Raw" T-shirts and selected exercise and fashion apparel as well as developing a line of Muscle Flex "In the Raw" denim jeans that it is currently in the process of reviewing a number of co-branding opportunities.

 

The multi-year trademark dispute between Muscle Flex's "In the Raw" and WWE's "Raw" trademark concluded in April of this year when Muscle Flex Inc. successfully defended its "In the Raw®" trademark against WWE "Raw" trademark application 1,153,018 in a final Federal Court appeal by the WWE.

 

Previously, on June 18, 2008, the Canadian Intellectual Property Office (CIPO) Opposition Board issued its final decision with respect to the WWE Canadian trademark application for "RAW." The ruling confirmed that certain wares listed in the RAW trademark application 1,153,018 were confusingly similar and thus lacked distinctiveness from the "In the Raw®" registered trademark.

 

October 1 - Muscle Flex® to Produce and Air a Two-Minute Direct Response Commercial for the Muscle Flex VATA Brasil™ Sports & Active Wear Collection Ahead of Its 30 Minute Television Program

 

Muscle Flex Inc. (OTC: MFLI) announced that it will produce and air a 2-minute direct response commercial for its Muscle Flex VATA Brasil™ Sports & Active Wear Collection ahead of its 30 minute TV program. Muscle Flex expects to launch the Muscle Flex VATA Brasil™ Collection in October 2009 and the Exclusive Muscle Flex Premiere™ Collection by VATA Brasil™ early in the New Year. The Muscle Flex VATA Brasil 2 minute commercial will be a "drive to the internet" strategy that is intended to initiate substantial ecommerce revenue as well as introduce the sassy, sexy and exciting styles of this one-of-a-kind active wear collection. The Muscle Flex VATA Brasil 2 minute commercial will be aired in cities where the BUDDY Tablet Caddy™ and the Beagle StepFit™ have already established significant Muscle Flex brand awareness and loyalty to enhance revenue and website traffic numbers.

 

The Muscle Flex VATA Brasil and the exclusive Muscle Flex Premiere Collections are a OneFit™ garment that fits sizes 0-12 making it a perfect product for a direct response 2-minute and 30-minute television program. The specially designed VATA OneFit™ fabric is a lightweight, highly elastic fabric that has four times more filaments than regular fabric. The VATA OneFit fabric has a memory stretch quality which allows for its incredibly comfortable OneFit feature as well as natural wicking that uses no chemical treatments to draw the moisture from the skin to the surface where it quickly evaporates.

 

The Muscle Flex VATA Brasil 2-minute commercial will air prior to the full length 30 minute program which will showcase both the Muscle Flex VATA Brasil and the Exclusive Muscle Flex Premiere Collections. The 30-minute program, which is currently in development, will be an exciting showcase of both collections and will utilize 4 or 5 of today's high profile female celebrities. Danny Alex will host the 30-minute program and he promises that it will be a one-of-a-kind entertaining and inspiring showcase of both collections.

 

"The Muscle Flex VATA Brasil and the Muscle Flex Premiere lines are the hottest thing to hit female sports, fitness and casual apparel. We fully expect to capture significant market share in the female apparel category and grow that share exponentially," commented Danny Alex, CEO of Muscle Flex Inc. "The reaction to the lines has been phenomenal to say the least. During Emmy week, we had the opportunity to showcase and gift pieces from the line to a large number of celebrities and media and the response was truly amazing. In addition to the TV commercials, we have several high profile promotional events scheduled over the next few months that will truly propel both collections to the next level."

 

Muscle Flex signed an exclusive agreement with Houston PAD, master distributor for VATA Brasil™ for the development of two distinct sports & active wear collections:

 

The Exclusive Muscle Flex Premiere™ by VATA Brasil™ Collection: The Muscle Flex Premiere line shall be an exclusive, original, sassy and sexy female active wear line co-developed by Muscle Flex and the design team at VATA Brasil. To be launched in early 2010.

 

The Muscle Flex VATA Brasil Collection: This Collection shall be comprised of hand-picked pieces from the VATA Brasil collection that Muscle Flex shall co-brand with VATA Brasil. The collection shall encompass 15 - 18 pieces with an exclusive marketing agreement for the direct response marketing vehicle. To be launched in October 2009.

 

MAGNUM D'OR RESOURCES (OTCBB: MDOR)

 

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 30 - Magnum Increases Staff to Accommodate Anticipated Hyper Growth

 

Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling solutions company, announces the recent retention of new staff and consultants to advise the Company, as well as, implement the required tools and programs necessary to allow Magnum to transition smoothly through the upcoming accelerated growth period.

 

Joseph Glusic, President and CEO of Magnum commented, "The anticipated growth of Magnum over the next several years requires that we implement the necessary infrastructure now so that we can focus on operations, acquisitions, and sales associated with expanding company business. With this in mind we have retained several renowned consultants with exceptional training and experience to help guide us through our upcoming growth phase. We look forward to working with these individuals to help institute state-of-the-art tools necessary to accomplish our goals."

 

The Company welcomes the retention of the following individuals:

 

Dr. Hugh Campbell - Engineering and Scientific specialist

Curtis Basner - Operational Procedure specialist

Thomas Hillmer - Environmental and Compliance specialist

Paul Miles - Quality Assurance Expert

Donald Kot - Transportation and Procurement specialist

Donald Brinkmann - Architectural Design and Construction

 

All of these individuals have impeccable credentials and a wealth of experience in their respective fields of expertise. Space prohibits elaborating on each of their specific specialties and career accomplishments, but bios will be added to the corporate web site in the near future.

 

PANGLOBAL BRANDS INCORPORATED (OTCBB: PNGB)

"Up 46.67% in morning trading"

 

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

 

Panglobal Brands, Inc. is committed to building a diverse stable of apparel brands, capitalizing on opportunities to participate in the hottest fashion trends as they happen. Our business strategy is to create a balance with dynamic branded products and the traditionally more stable private label apparel business by selling branded products through specialty retailers and by running a private label division catering to department store chains. Our current brands include: SoSik, which represents affordable fashions for the burgeoning junior market; Scrapbook and Crafty Couture, which are aimed at the teen and junior markets and features mix and match knits; Tea & Honey, a casual ladies wear collection; and Haven, a value oriented contemporary print dress label. This strategy plus a management team with significant apparel industry experience, enables Panglobal Brands to bring eye-popping product lines to market at competitive price points.

 

PNGB News:

 

August 20 - Charles Lesser Named Chief Executive Officer of Panglobal Brands, Inc.

 

Kelly Fountain Named President of Scrapbook and Sosik Divisions

 

Panglobal Brands, Inc. (OTCBB: PNGB) has appointed Charles Lesser as Chief Executive Officer effective August 17, 2009. Mr. Lesser has been Chief Financial Officer since October 22, 2007 and will retain that additional office. Previously, Mr. Lesser was the Chief Financial Officer and a consultant to True Religion Apparel, Inc. and its wholly-owned subsidiary, Guru Denim Inc. While at True Religion Apparel, Inc., he helped grow the premium jeans manufacturer from a start-up venture to $140 million in sales revenue and to a $500 million market capitalization.

 

Stephen Soller has been the Chief Executive Officer of Panglobal Brands, Inc. since February 12, 2007 soon after the Company became an apparel business and he has overseen the growth of the Company from its beginnings to the multi-brand apparel company that it is today. Mr. Soller has resigned to pursue other business interests. Mr. Soller has been a member of the Board of Directors since his first involvement with Panglobal Brands, Inc and will continue to remain on the Board.

 

Ms. Kelly Fountain joined Panglobal Brands, Inc. on June 8, 2009 as the new President for the Scrapbook product division, but will also assume responsibility for the Sosik product division. Ms. Fountain was previously Vice President with Koral Industries, Inc. where she worked approximately 21 years and was responsible for Design and Merchandising for this $160 million private apparel company. Kelly attended the Fashion Institute of Technology in New York and brings to Panglobal over 30 years of apparel experience in design, sales and merchandising. Kelly's focus will be to re-structure these divisions and to create opportunities across all divisions to promote product and sales growth. Rounding out the management team is Mr. Gary Bub, head of operations. Gary has 20 years of apparel company experience, primarily in production and operations.

 

“The Board wishes Stephen Soller great success in his new business venture and thanks him for his past and his future service to the Board of Directors of Panglobal Brands, Inc. We welcome Kelly, Gary and Charles in their new management roles and as part of the newly-formed executive management committee,” said Dru Narwani, Chairman of the Board of Directors of Panglobal Brands Inc.

 

PRECISION PETROLEUM CORPORATION (OTCBB: PPTO)

"Up 42.86% in morning trading"

 

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

 

Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States. Precision's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners.

 

PPTO News:

 

October 5 - Precision Petroleum Corporation Increases Working Interest in the Sharon No. 1 Well, Garvin County, Oklahoma

 

Precision Petroleum Corporation (OTCBB: PPTO) President Richard Porterfield has advised that, based on a recent geological and engineering survey of the Oil Creek Sandstone in Section 5 of T3N - R1E, Gavin County, Precision has elected under the previous agreement to increase its working interest in Sharon No. 1.

 

Porterfield mentions that the well information provides a strong indication of maximum porosity in the Sandstone. Accordingly the well will be re-entered to magnify the exposure of this formation to several times of the present open whole access. The Oil Creek Sandstone is recognized by industry as a prolific oil producing zone in Oklahoma. Precision has advised the operator to proceed with the enhancement.

 

Early this summer, Precision Petroleum advised that it would embark on an aggressive program to evaluate the technical potentials of the Oklahoma lease acquisitions. Upon completion of the Sharon well, Precision will proceed with the remaining locations.

 

CARBONICS CAPITAL CORPORATION (OTCBB: CICS)

"Up 35.29% in morning trading"

 

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

 

Carbonics Capital Corporation was founded to facilitate decarbonization in ways that cost-effectively capitalize on the evolving carbon markets.

 

CICS News:

 

October 5 - Carbonics Announces Culbertson Revival

 

Inventory Liquidation Complete

 

Carbonics Capital Corporation (OTCBB: CICS) announced that the liquidation of inventory at its Culbertson, Montana-based oilseed crush facility (“Culbertson”) is complete.

 

Culbertson was previously unable to renew its working capital line of credit during the second half of 2008 and was therefore unable to complete its purchase of delivered oilseed inventory. Culbertson later cooperated with the Montana Department of Agriculture and the North Dakota Public Service Commission to liquidate and pay for the delivered crop. After several months of difficult work, and the tremendous efforts of Montana and North Dakota regulatory officials, Carbonics is pleased to report that the liquidation is complete.

 

With the liquidation complete, focus is now centered on reviving and revitalizing Culbertson’s operations for the benefit of its creditors, stakeholders, the community and the region. Carbonics is focused on finding a strategic partner with the financial, operational and other resources needed to subsidize Culbertson’s growth and development, with a focus on the expanded production of food grade vegetable oils and advanced biofuels.

 

Culbertson consists of oilseed handling, storage and processing infrastructure, including mechanical crush and vegetable oil refining equipment. It has over two million gallons of crude vegetable oil storage, over one million bushels of oilseed storage, and over four thousand tons of meal storage. Additional infrastructure includes a rail siding, truck and rail scales, and major U.S. highway frontage.

 

Dr. Paul Miller, Carbonics’ president and CEO stated, “We are pleased that growers have been compensated successfully for oilseed crops delivered to Culbertson. Culbertson is very important to the community, the region and Montana and efforts are underway to revive the operations for processing of food grade oils and, with the right strategic partner, advanced biofuels.”

 

Culbertson is located in North Eastern Montana in a productive agricultural region known as the MonDak. The region, which overlaps both Montana and North Dakota, is known for outstanding production of grains and oilseeds and Culbertson has been a fixture in the region since the mid-50’s and, under various ownership, has undergone upgrades over the years.

 

Domestic vegetable oil consumption is at approximately 20 billion pounds per year and historical growth has been in excess of 2%. This existing market, combined with advanced biofuels initiatives, is increasing the need for additional oilseed production and processing. The MonDak region is well positioned and Culbertson is located strategically to meet these growing vegetable oil needs.

 

Moreover, an increasing awareness of the health dangers associated with trans-fat has increased the demand for naturally heat stable oils such as safflower and sunflower, which Culbertson is known for producing. Given the proximity to Canada and regional production, canola is also an option for processing as well as camelina, an emerging oilseed crop with significant potential as raw material for biojet fuel.

 

“Culbertson is uniquely sized to process a variety of high quality vegetable oils as well as support the emerging processing needs for vegetable oil as raw material for advanced biofuels. The productive region combined with the processing infrastructure result in a compelling opportunity for growth. We look forward to identifying and forging an alliance with a qualified strategic partner to bolster our efforts to exploit this exciting opportunity,” stated Dr. Miller.

 

INTERNATIONAL POWER GROUP LIMITED (OTCBB: IPWG)

"Up 22.22% in morning trading"

 

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

 

International Power Group, Ltd., a development stage company, engages in the construction and management of waste disposal plants in the United States. It primarily intends to build and operate waste-to-energy facilities to process solid and hazardous wastes by incineration. The company was founded in 2002 and is based in Celebration, Florida.

 

IPWG News:

 

October 2 - International Power Group, Ltd. CEO Announces Letter to Shareholders and Proxy Vote Information

 

International Power Group, Ltd. (OTC: IPWG), a provider of waste to energy solutions, including waste to energy development and waste to energy technologies, announced today that its CEO has posted a letter regarding the upcoming shareholders meeting and the proxy statements that have been mailed to all shareholders. CEO, John Benvengo, stated, "We ask that all shareholders visit our website (www.i-pwg.com) and click on link 'letter to our shareholders' to review the letter I have posted on our website for important information regarding the Shareholder Proxies and the upcoming shareholders meeting.

 

Further, Mr. Benvengo stated, "The Proxy and Shareholder Meeting packages have been mailed. To the extent you do not received your package, we ask that you contact Issuer Direct at (919) 481-4000 between the hours of 7 am and 11 pm ET Monday through Friday to place your proxy vote. Simply use option 2 and then option 3 and listen to the telephone prompts during the call to place your vote. If you have any questions or problems regarding this process, IPWG asks that you contact the company directly."

 

LEFT BEHIND GAMES INCORPORATED (OTCBB: LFBG)

"Up 35.57% in morning trading"

 

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

 

Left Behind Games, Inc. engages in the development, publishing, and distribution of video games and related products in the United States. The company develops its video game products based on the Left Behind series of novels and products. Its primary product includes LEFT BEHIND: Eternal Forces, a real time strategy game played by one person or online by up to eight players on personal computers. The company sells its products through a direct-to-store distribution channel or through distributors to Christian booksellers association and inspirational marketplaces. It markets its products in North America, Australia, Canada, Singapore, and South Africa. Left Behind Games, Inc. was founded in 2002 and is based in Murrieta, California.

 

LFBG News:

 

October 5 - Skymark Research Initiates Independent Research Coverage On Left Behind Games, Inc.

 

Skymark Research, a leading provider of small- and micro-cap independent investment research, has initiated coverage on Left Behind Games, Inc. (OTCBB: LFBG). Skymark Research is currently offering a complimentary trial subscription. To view the company’s research, visit www.skymarkresearch.com.

 

AVI BIOPHARMA INCORPORATED (NASDAQ: AVII)

"Up 26.28% in morning trading"

 

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

 

AVI BioPharma is focused on the discovery and development of RNA-based drugs utilizing proprietary derivatives of its antisense chemistry (morpholino-modified phosphorodiamidate oligomers or PMOs) that can be applied to a wide range of diseases and genetic disorders through several distinct mechanisms of action. Unlike other RNA therapeutic approaches, AVI's antisense technology has been used to directly target both messenger RNA (mRNA) and its precursor (pre-mRNA), allowing for both up-and down-regulation of targeted genes and proteins. AVI's RNA-based drug programs are being evaluated for the treatment of Duchenne muscular dystrophy as well as for the treatment of cardiovascular restenosis through our partner Global Therapeutics, a Cook Group Company. AVI's antiviral programs have demonstrated promising outcomes in Ebola Zaire and Marburg Musoke virus infections and may prove applicable to other viral targets such as HCV or Dengue viruses.

 

AVII News:

 

October 5 - AVI BioPharma Receives Expanded Contract From U.S. Department of Defense to Develop Its Drug Candidate for the Treatment of Junin Virus Infection

 

$11.5 Million New Funding Brings Total Award to $45 Million

 

AVI BioPharma, Inc. (Nasdaq: AVII), a developer of RNA-based drugs, announced that it has received expanded contract funding of approximately $11.5 million from the Defense Threat Reduction Agency's (DTRA) Transformational Medical Technologies Initiative (TMTI) to support development of the Investigational New Drug (IND) data package for its candidate drug, AVI-7012, to treat Junin virus infection. To date, the United States Department of Defense (DoD) has contracted with AVI for work potentially worth up to $45 million for the development of AVI's RNA-based drug candidates to treat Ebola, Marburg and Junin virus infections (AVI-6002, AVI-6003 and AVI-7012, respectively).

 

"AVI has recently been able to confirm the impressive and dose-related survival of drug-treated non-human primates in large dose titration studies for Ebola and Marburg virus infections, which were carried out in collaboration with the U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID)," said Dr. Patrick Iverson, Senior Vice President for Strategic Alliances at AVI. "Importantly, these studies allowed us to unequivocally demonstrate the sequence-specific nature of the protection afforded by our drug candidates."

 

AVI has received a 'safe to proceed' allowance from the United States Food and Drug Administration (FDA) for IND applications for clinical safety trials of its two lead products to treat Ebola and Marburg virus infections. These INDs represent the first TMTI supported drug candidates targeting bioterrorism agents to receive FDA IND allowance.

 

AVI plans to conduct the animal efficacy trials for potential approval of its drugs under the Animal Rule as part of its continued collaboration with USAMRIID. The majority of the collaborative research effort between AVI and USAMRIID has been supported by a research contract from the DoD's TMTI with the goal of developing a new antiviral platform targeting hemorrhagic fever viruses. The current funding is a second amendment and expansion of an original contract from DTRA, which was awarded in November 2006 for $28 million and has been fully authorized. The contract for the first amendment was issued in May 2009 when an additional $5.9 million was authorized to support continued development of AVI's RNA-based drugs AVI-6002 and AVI-6003 to treat Ebola and Marburg virus infections, respectively.

 

"The expansion of the contract for our therapeutic programs in Junin, Ebola and Marburg viruses reflects the DoD's continued support of our bio-defense program, which is developing a series of RNA-based anti-viral drugs," said David Boyle, Chief Financial Officer of AVI. "AVI's ability to virtually double the value of the original contract is a powerful illustration of the performance of our drug candidates to date."

 

AVI-6002, AVI-6003 and AVI-7012 are novel analogs based on AVI's PMO antisense chemistry in which anti-viral potency is enhanced by the addition of positively-charged components to the morpholino oligomer backbone.

 

ABOUT DTRA & TMTI

 

DTRA was founded in 1998 to integrate and focus the capabilities of the DoD that combat the weapons of mass destruction (WMD) threat. The mission of the DTRA is to safeguard America and its allies from WMD (e.g. chemical, biological, radiological, nuclear, and high yield explosives) by providing capabilities to reduce, eliminate, and counter the threat, and thereby mitigate its effects. Under DTRA, DoD resources, expertise and capabilities are combined to ensure the United States remains ready and able to address the present and future WMD threats.

 

The TMTI was created by the DoD to protect the Warfighter from emerging and genetically altered biological threats by discovering and developing a wide range of medical countermeasures through enhanced medical research, development, test and evaluation programs. The TMTI Program Office is matrixed from the Joint Science and Technology Office — DTRA and Joint Program Executive Office — Chemical and Biological Defense, with oversight from the Office of the Secretary of Defense.

 

ABOUT USAMRIID

 

USAMRIID, located at Fort Detrick, Maryland, is the lead medical research laboratory for the U.S. DoD Biological Defense Research Program. The Institute conducts basic and applied research on biological threats resulting in medical solutions (such as vaccines, drugs and diagnostics) to protect the Warfighter. While USAMRIID's primary mission is focused on the military, its research often has applications that benefit society as a whole. USAMRIID is a subordinate laboratory of the U.S. Army Medical Research and Materiel Command.

 

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Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

 

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

 

Information contained in our report will contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company's operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov/ and FINRA at http://www.finra.org.

 

Disclosure: OTCPicks has been compensated two thousand five hundred dollars from a non-controlling third Party (BlueWave Advisors) for XODG advertising and promotional services. OTCPicks.com has been compensated two hundred thousand free trading shares by a third party (Microcap Management) for JAGR advertising and promotional services. OTCPicks.com has been compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated ten thousand dollars by the company for a current BMGP advertising and promotional services. OTCPicks.com has been compensated three thousand five hundred dollars from Dana Alex for MFLI advertising and promotional services. OTCPicks has been compensated ten thousand dollars from a non-controlling third party (GREEN TECH INTERNATIONAL ADVISORS) for MDOR advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for PPTO 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.