AMNP, BMGP, DVME, PAYI, JAGR, CYBL, WDAS, SGCP, EEGC, IVOT, SNSS OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 5th

Digest Midday Report for Thursday, November 5^th

 

Our Stocks to Watch today include American Sierra Gold Corp. (OTCBB: AMNP), Biomagnetics Diagnostics Corp. (OTC: BMGP), Diverse Media Group Inc. (OTC: DVME), Pay88 Inc. (OTCBB: PAYI), Jaguar Mining Enterprises Inc. (OTC: JAGR), Cyberlux Corp. (OTCBB: CYBL), World Assurance Group Inc. (OTC: WDAS), Sierra Gold Corp. (OTC: SGCP), Empire Energy Corporation Intl. (OTCBB: EEGC), B Green Innovations Inc. (OTCBB: IVOT) and Sunesis Pharmaceuticals Inc. (Nasdaq: SNSS).

 

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

 

AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)

"Up 12.21% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/american-sierra-gold/american-sierra-gold.htm

 

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website at www.americansierragold.com.

 

AMNP News:

 

November 5 - Cohen Independent Research Group Issues a 'Buy' Rating With a Target Price of $3.21 for American Sierra Gold Corp.

 

American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announces that Cohen Independent Research Group, Inc., Wall Street's leading independent fundamental research firm, has issued a research report on American Sierra with a "buy" recommendation and a long-term target price of $3.21.

 

For the full report, visit Cohen Independent Research Group's website, www.cohenresearch.com or visit American Sierra's website, www.americansierragold.com.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

 

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:

 

November 4 - Biomagnetics Applies for Gates Foundation Grand Challenge Grant

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced it has submitted an application to the Bill & Melinda Gates Foundation for a grant to further develop the Integrate Optical Biosensor Sensor (IOBS) technology it is plans to bring to market. The topic for the Grand Challenge Grant is Low Cost Diagnostics for Global Priory Health Conditions, which includes both malaria and tuberculosis.

“The availability of low cost diagnostics for malaria and tuberculosis are major concerns for not only health care professions, but also for the Gates Foundation. The technology we plan to introduce reduces the cost of traditional malaria testing by up to two-thirds,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “The IOBS platform produces test results measured in only minutes, whereas traditional methodologies often take many days. Additionally, the handheld IOBS platform can be utilized in the field at point of care by relatively untrained personnel. We believe the IOBS platform holds the promise to revolutionize testing for not only malaria, but also for many other diseases including tuberculosis and HIV/AIDS. We believe the Gates Foundation had a device such as IOBS in mind when it devised the specifications for the Challenge Grant.”

 

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. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.

 

DIVERSE MEDIA GROUP INCORPORATED (OTC: DVME)

"Up 16.67% in morning trading"

 

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

 

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

 

Diverse Media Group, Inc. 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 28 - Network Talks Underway to Develop 'Momo' into Weekly TV Series Title is Part of Diverse Media Group, Inc. Option Agreement with Elio Pictures

 

“Momo” executive producers Dimitri Logothetis and Nicholas Celozzi have announced that talks are underway with networks in the U.S. and Canada to develop the project as a weekly series for television. “Momo” is one of six titles for which Diverse Media Group, Inc. (OTC: DVME) has optioned to purchase a 30% interest from Elio Pictures, Ltd.

 

Diverse Media Group CEO Chris Nassif calls the development “a huge step forward in our company’s transition to a complete entertainment and media services provider.”

 

Logothetis and Celozzi have been working for seven years on the life story of infamous mob boss Sam Giancana. After securing the exclusive story rights from Francine Giancana to her father’s life story, they originally set the project up at Warner Bros. and Turner as a mini-series. Logothetis calculates development costs to date at $75,000. With the success of the 60's-based AMC series “Mad Men,” they decided that “Momo” could also satisfy weekly audience interest in that period of Americana. Giancana was born in 1908 and killed in 1974.

 

Celozzi describes the series as real-life “Sopranos” meets “The Gangster Chronicles.” Sam Giancana was a very compelling personality. As a family man, Sam lost his wife to a rheumatic heart disease, raised three daughters, supported an extended family and was one of the most powerful men of the twentieth century. Through union ties Giancana helped swing the Illinois vote during the Kennedy/Nixon election. He was the first mobster to claim his rights to the Fifth Amendment in front of live television cameras while questioned by Bobby Kennedy during the McClellan committee hearings. Sam had a long-standing friendship with Frank Sinatra, the leader of the so called “Rat Pack,” who played in Chicago nightclubs run by Giancana.

 

The other Elio Pictures titles optioned by Diverse Media Group include “The Lost Angel” (2005) with Judd Nelson and Celozzi, “Framed by Seduction” (2004) starring Robert Patrick, “Nightmare Boulevard” (2004) starring Claudia Christian and Corbin Bernsen, “7-10 Split” (2007) featuring Tara Reid and Rachel Hunter, and “Senior Skip Day” (2008) with Lea Thompson and Norm MacDonald.

 

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.

 

PAY88 INCORPORATED (OTCBB: PAYI)

 

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

 

Company Profile: http://www.otcpicks.com/pay88-inc/pay88-inc.htm

 

Pay88, Inc., through its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly growing digital technology company and the leading reseller of internet game time in China with over $19.7 million USD in revenues in 2008, a 134.8% increase over revenues in 2007. The company is primarily engaged in the sale of prepaid online multi-player game cards in more than 20 cities in China, an industry that generated $2.75 billion in 2008 and is expected to reach $3.8 billion by the end of 2009. In addition, The Company sells prepaid telephone cards and over 800 software products, including cooking, language and education software. Qianbao sells its game cards through its websites, www.iamseller.com, and www.17logo.com, which has more than 1 million registered users. The Company has successfully captured more than 80% of the online multi-player game time market in Chongqing, a municipality of more than 31 million people, and the third fastest-growing regional economy in China. Pay88 leverages such consumer establishments as retail kiosks and Internet cafes to increase its distribution of highly popular games for an increasing number of gaming companies.

 

PAYI News:

 

October 28 - Pay88, Inc. Goes Mobile With Sohu.com Inc.

 

Pay88, Inc. (OTCBB: PAYI) announced that it has entered into a distribution agreement with Sohu.com Inc. (Nasdaq: SOHU). Through its subsidiary, Qianbao Technology, Pay88 will act as a distributor of SOHU digital products, with a particular focus on mobile phone games.

 

With more than 100 million users and 700 million site visits per day, Sohu.com Inc., is one of the leading internet media companies in China with revenues of over $429 million USD in 2008, 2.3 times that of .scal 2007. Sohu provides millions of Chinese consumers with information, communication and entertainment services through its matrix of websites and offers two types of consumer services — online games (including the massively popular multi-player online role-playing games "Tian Long Ba Bu" and "Blade Online"), and wireless connectivity.

 

Pay88 is one of the few companies in China capable of facilitating online banking and is also the leading reseller of internet game time in China's booming $2.75 billion online video game market, selling online multiplayer game time and prepaid cards in more than 20 cities in China. The venture with Sohu takes the company mobile for the first time and company officials say the timing and the opportunity couldn't be better.

 

According to analysts at Niko Partners, China will be home to 119 million online gamers by 2012, propelling the market to $8.9 billion by 2013. And Forbes reports the online gaming community is growing by an average of 4 million new players each month. An alliance with Sohu positions Pay88 to dramatically expand their reach into this massive market.

 

Guo Fan, Chairman and President of Pay88, said, "Pay88's large customer base and payment platform makes this agreement with SOHU an exciting opportunity for both companies." He added, "As a result of this new relationship, Qianbao Technology will now be able to offer mobile games to the domestic market in China."

 

Company officials say forging this agreement with Sohu represents a powerful step forward in expanding their footprint throughout China. Over the coming year, the company will continue to develop and improve its internet gaming platform, expand its distribution websites, and increase its overall product line, as well as expand into many additional cities in China.

 

JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)

 

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:

 

October 27 - Jaguar Mining Enterprises Files Its Initial Disclosure Statement on Pink Sheets

 

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 that the company has filed its Initial Information and Disclosure Statement through OTC Disclosure and News Service. A current summation of the company and its business objectives is now available on Pink Sheets (www.pinksheets.com) under the company's symbol, JAGR.

 

Jaguar Mining also announced that it has begun discussions with a Shanghai, China based firm to act as its direct sales and marketing representative to Chinese steel manufacturers. Jaguar hopes to finalize terms of an agreement which will provide the company with its first strategic partnership in China, the world's largest iron ore importer. The company plans to release complete details once a definitive agreement has been completed.

 

CYBERLUX CORPORATION (OTCBB: CYBL)

"Up 50.00% in morning trading"

 

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

 

Cyberlux Corporation, a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs.

 

CYBL News:

 

August 28 - Cyberlux Receives Order for BrightEye Systems as OEM Supplier to Prime Contractor

 

Cyberlux to Supply BrightEye Systems to AM-MAC Incorporated as Item in Broader Defense Logistics Agency Contract

 

Cyberlux Corporation (OTCBB: CYBL), a leading provider of LED lighting solutions, announced today that AM-MAC Incorporated has contracted with the Company to supply two BrightEye Tactical Lighting Systems in support of a broad Department of Defense (DoD) Defense Logistics Agency (DLA) contract for maintenance and force operations. AM-MAC is New Jersey-based Department of Defense supplier of field operations supplies.

 

The BrightEye Tactical Lighting System’s bright white light is the preferred choice of mechanics operating on the flight line. The BrightEye system’s batteries allow for quick charge times, zero noise output and easy maneuverability out on the flight line due to its light weight portability. Additionally, the BrightEye provides more than enough illumination for sophisticated repair tasks such as night Main Rotor Ground Track and Balances, night Tail Rotor Balances, night Engine High Speed Shaft Balances and other general maintenance tasks that require superior visibility for a safe, well lit work area. The BrightEye has the ability to provide enough illumination to accomplish these tasks where other systems are lacking, thus making the BrightEye systems a ‘must have’ item for all night operating units in theater of operations such as Iraq and Afganistan.

 

“We remain enthusiastic knowing that our BrightEye Tactical Lighting Systems are being so well received in the Iraqi theater of operation. Based upon our continued sales penetration within the military and governmental agencies, we are seeing a steady increase in demand for our products,” said Mark D. Schmidt, CEO of Cyberlux Corporation. “While it takes tremendous time and effort to generate sales and capture market share at a level that is comparable to larger, more established defense companies, our reputation for being the preferred choice of tactical lighting will only bolster our presence, which then will reflect positively on our balance sheet. We are extremely confident that with the increased awareness of our products, fiscal year 2010 will continue to show additional growth and improved stability for our Company,” added Schmidt.

 

The Cyberlux Tactical Illumination Systems are designed as highly portable, visible and night-vision compatible illumination systems for mission-critical tactical lighting where rapid deployment and high-intensity lighting capability are required. Using advanced optics, advanced solid-state lighting technology, and light-weight advanced battery power, all contained in easily transportable wheeled cases, the Cyberlux Tactical Lighting Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night, performance capabilities not available in traditional lighting systems.

 

WORLD ASSURANCE GROUP INCORPORATED (OTC: WDAS)

"Up 147.83% in morning trading"

 

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

 

World Assurance Group, through its wholly owned subsidiary Anav Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets.

 

WDAS News:

 

November 4 - World Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation to Utilize Environmentally Green Building Systems for Ecuadorian Projects

 

Ecuadorian Foreign Investment Increases $203 Million

 

World Assurance Group (OTC: WDAS) announced that its subsidiary Anav Holdings Corporation in conjunction with its Ecuadorian projects intend to build new construction and homes out of revolutionary new building products which are environmentally green. The new products significantly reduce the time and cost of construction as well as eliminating the waste, therefore, causing a positive impact on the environment especially in comparison with stick build methods. The Company is presently working with Sustainable Green Corporation to develop homes in Mexico and is also investigating the use of a Mold Free building system as well as other Green building systems.

 

Ecuador's direct foreign investment totaled $203 million in the second quarter of 2009, rising from the $103 million registered in the same period last year, the central bank said Wednesday. The central bank said $44 million of the FDI came from Argentina, $24 million from Mexico, $21 million from Spain, $15 million from Panama, and the rest from other countries. Foreign direct investment in Ecuador totaled a net $121 million in the first quarter of 2009.

 

WDAS had announced on Oct 22, 2009 that its subsidiary Anav Holdings Corporation signed a proposal to enter into a purchase agreement for an 8.5% participating interest in a 15 hectare private housing community located at one of the leading ports in Latin America with Premier Developments. The project's first phase is in full production and has already sold 20% of the 207 homes. The entire project including phase two will be an estimated 500 home development.

 

Jonathan B. Morgan, President of WDAS, stated, "We are looking forward to beginning to build and develop Ecuador, Mexico and other areas. We believe that Mexico, Central America and South America are within our reach within 12 to 18 months. The building methods and products that are being utilized are world class."

 

ABOUT PREMIER DEVELOPMENT GROUP

 

Premier Development Group is a leading Housing and Construction Company with offices located in both Machala and Quito Ecuador and head offices in Miami Florida. Premier is developing housing units and is currently working in Ecuador, Mexico and Guatemala. The Nuevos Horizantes project is currently in full production and has sold 20% of Phase One in Machala, Ecuador.

 

ABOUT SUSTAINABLE GREEN CORPORATION

 

Sustainable Green Corporation utilizes a multi-patented composite building system that utilizes Expanded Polystyrene as the core material for all structural members — walls, roof, and floor. The material is sprayed with a composite coating made of a precise blend of sand, cement, glass fiber and other patented additives that together create a building shell that meets or exceeds all testing protocols and load requirements of the ICC-ES. (ICC-ES is the United States' leader in evaluating building products for compliance with code and is a nonprofit, public-benefit corporation, www.icc-es.org). The building system is intrinsically linked to the installation and application of a building system; it has a patented analysis program that accurately predicts the performance capability of a building utilizing any architectural design under any set of climate conditions. The system is earthquake resistant, hurricane resistant (tested to 260 MPH, rated 170 MPH), vapor proof, water proof, mold resistant, air tight and 100% recyclable. It compares favorably by price to timber, which creates more waste and has a negative impact on the environment.

 

SIERRA GOLD CORPORATION (OTC: SGCP)

"Up 6.25% in morning trading"

 

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

 

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest growing gold producing areas worldwide.

 

SGCP News:

 

October 6 - Sierra Gold Corporation Positioned to Increase Gold Production Tenfold With Arrival of New Processing Plants

 

Sierra Gold Corporation (OTC: SGCP) announced that the two new 10-ton, state-of-the-art, gold processing plants arrived in Sierra Leone last week. These plants will enable the company to process up to 20 tons per hour and boast a 95-98 percent recovery rate. This technology offers an environmentally friendly process with no chemicals and reduced water use. Given their portability, these units can be moved easily to locations deemed appropriate for greater gold recovery. Later this fall the company will now have the ability to speed up production by a factor of 10 times or more. In contrast to the 1-2 kilos of gold that Sierra Gold produced per month using local methods, the new gold plants will have the capacity to produce 20 kilos per month. Our figures are based on 8 hours per day with a past recovery rate of 4.5 grams of gold per ton. The plans are to operate 300 days per year.

 

In the area of communication, we launched a new website recently as a first step to keep our shareholders better informed. The next step is the appointment of John Semachko Jr. as Vice President of Sierra Gold Corporation. Mr. Semachko's primary role will be in investor relations. He brings over 25 years of business ownership and management experience with a track record of success.

 

Doug Evans, CEO of Sierra Gold, commented: ``The company is looking forward to moving into the next stage of development with the addition of new state-of-the-art equipment. This is a giant step forward from our present local methods of processing gold. We are also excited to bring on a new highly qualified member, Mr. Semachko, to our team. Our goal is continue to improve the investors' ability to access updated information from the company.''

 

EMPIRE ENERGY CORPORATION INTERNATIONAL (OTCBB: EEGC)

"Up 200.00% in morning trading"

 

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

 

Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.

 

EEGC News:

 

November 5 - Empire Signs Back to Site Agreement with Hunt Energy Drilling, Orders Independent Report by RPS to Further Validate U.S. $3.3 Billion WHK Valuation and Publishes Final Report on SEL 13/98

 

Empire Energy Corp. Intl. (OTCBB: EEGC) has signed a “Back to Site Agreement” with Hunt Energy Drilling of Australia. In the agreement, Hunt Energy has agreed to return to the Bellevue drill site which has been prepared for drilling operations. Malcolm Bendall said, “We welcome the signing of this agreement with Hunt Energy and look forward to working together and the commencement of drilling on the Bellevue site.”

 

Empire intends to start drilling at Bellevue and follow with drilling at the Thunderbolt site. Bellevue and Thunderbolt are the two largest domes discovered during the extensive exploration efforts by Empire and Great South Land Minerals (wholly owned subsidiary). Bellevue and Thunderbolt were identified as areas believed to be capable of containing substantial commercial quantities of oil and gas.

 

Empire has re-commissioned RPS Energy (a world leader in oil and gas valuations) to further evaluate and validate the Bellevue and Thunderbolt structures to underpin the US$3.3 billion (equal to US$10 per share) asset value determined by WHK and has arranged increased accommodation availability at Bronte Park to house the additional workforce needed to complete the work at Bellevue.

 

The Final Report documenting all work accomplished on SEL 13/98 has been completed and submitted to Mineral Resources Tasmania. This detailed document is now at printers to be mailed to Empire shareholders and will be posted on the Empire Energy websites www.empireenergy.com and www.gslm.com for public viewing. Malcolm Bendall, CEO, said, ”This report details the substantial volume of work accomplished by Empire and their wholly owned subsidiary Great South Land Minerals on the license property and previous from 1984 – 2009. Empire looks forward to the beginning of their 15 well drilling program and developing the potential of the vast Tasmanian Basin for the benefit of Tasmania and the Empire shareholders.”

 

I GREEN INNOVATIONS INCORPORATED (OTCBB: IVOT)

"Up 7.50% in morning trading"

 

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

 

I Green Innovations, through its subsidiary B Green Innovations, Inc. ("B Green"), a Matawan, New Jersey-based Corporation, is dedicated to becoming a "green" technology company, focused on acquiring and identifying promising technologies that address environmental issues. The first technology will be used to create new products from recycled tire rubber. Recently, the company announced that it had filed a new Patent Application for a process it described as "paver blocks and patio blocks made from recycled tire crumb rubber." B Green Innovations, Inc. has also filed 3 additional patents on products made using 100% recycled tires.

 

IVOT News:

 

November 5 - I Green Innovations Inc. Files Second Patent for Green Technology Intellectual Property Relates to Products Made From Recycled Plastic

 

B Green Will Create Products That Display the Individual Deformed Bottle in a Recognizable Manner Made From Recycled Plastics

 

B Green Innovations, Inc. Continues to Attract National Re-Sellers, With Partners Nationwide and Canada Selling Its "Green" "VibeAway" & "ECOPOD" Products, Including Whirlpool

 

B Green Innovations, Inc. (OTCBB: IVOT), a wholly owned subsidiary of I Green Innovations, Inc. announced that it had filed a second patent for green technology intellectual property relates to products made from recycled plastic.

 

The invention relates to a method of producing composite recycled plastic bottle sheets from recycled plastic containers embedded in the plastics. The sheets will be used to create products that display the individual deformed bottle in a recognizable manner.

 

B Green Innovations, Inc., intellectual property will help combat this large problem by manufacturing certain consumer products from recycled plastic. The markets are significant and largely untapped at the moment. Plastics play an important role in almost every aspect of our lives. Plastics are used to manufacture everyday products such as beverage containers, household items, and furniture. The widespread use of this valuable material demands proper management of used plastics, as they have become a larger part of the municipal solid waste (MSW) stream in recent decades. According to the EPA In 2007, the United States generated almost 14 million tons of plastics in the MSW stream as containers and packaging, almost 7 million tons as nondurable goods, and about 10 million tons as durable goods.

 

SUNESIS PHARMACEUTICALS INCORPORATED (NASDAQ: SNSS)

"Up 10.53% in morning trading"

 

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

 

Sunesis is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers. Sunesis has built a highly experienced cancer drug development organization committed to advancing its lead product candidate, voreloxin, in multiple indications to improve the lives of people with cancer.

 

SNSS News:

 

November 5 - Sunesis' Voreloxin Receives FDA Orphan Drug Designation for Acute Myeloid Leukemia

 

Sunesis Pharmaceuticals, Inc. (Nasdaq: SNSS) announced that the U.S. Food and Drug Administration has granted voreloxin orphan drug designation for the treatment of acute myeloid leukemia (AML). Sunesis is currently conducting two Phase 2 clinical trials of voreloxin in AML: a single-agent study, known as REVEAL-1, of voreloxin in newly diagnosed elderly AML patients unlikely to benefit from standard induction chemotherapy and a study evaluating voreloxin in combination with cytarabine in relapsed/refractory AML.

 

"This designation recognizes the acute need for more options in treating this poor-prognosis disease," stated Steven B. Ketchum, Ph.D., Senior Vice President of Research and Development at Sunesis. "We believe voreloxin has the potential to impact the standard of care for AML and we continue to be encouraged by our progress. We are finalizing a registration strategy for voreloxin in AML and anticipate launching a pivotal trial in 2010."

 

Orphan drug designation is granted by the FDA Office of Orphan Drug Products to novel drugs or biologics that treat a rare disease or condition affecting fewer than 200,000 patients in the U.S. The designation provides eligibility for a seven-year period of market exclusivity in the United States after product approval and an exemption from user fees.

 

ABOUT VORELOXIN

 

Voreloxin is a first-in-class anticancer quinolone derivative, or AQD, a class of compounds that has not been used previously for the treatment of cancer. Voreloxin both intercalates DNA and inhibits topoisomerase II, resulting in replication-dependent, site-selective DNA damage, G2 arrest and apoptosis. Voreloxin is currently being evaluated in a Phase 2 clinical trial (known as the REVEAL-1 trial) in previously untreated elderly AML patients and in a Phase 1b/2 clinical trial combining voreloxin with cytarabine for the treatment of patients with relapsed/refractory AML, as well as in an ongoing Phase 2 single-agent trial in platinum-resistant ovarian cancer.

 

ABOUT ACUTE MYELOID LEUKEMIA

 

AML is a rapidly progressing cancer of the blood characterized by the uncontrolled proliferation of immature blast cells in the bone marrow. The Leukemia and Lymphoma Society estimates that nearly 13,000 new cases of AML will be diagnosed and approximately 9,000 deaths from AML will occur in the U.S. in 2009. AML is generally a disease of older adults, and the median age of a patient diagnosed with AML is about 67 years. A majority of elderly patients are not considered candidates for standard induction therapy or decline therapy, resulting in an acute need for new treatment options.

 

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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.com has been compensated ten thousand dollars by the company for a current BMGP advertising and promotional services. OTCPicks has been compensated ten million free trading shares from a non-controlling third Party (Microcap Management) for DVME advertising and promotional services. OTCPicks has been compensated seven thousand five hundred dollars from a non-controlling third party (BlueWave Advisors) for AMNP 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 six thousand five hundred dollars by a third part (Ladasa Inc.) for a two-week PAYI advertising and promotional program. 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 was compensated seventy five thousand free trading shares by at third party for SGCP advertising and promotional services and we have sold all shares. 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.