Dallas, TX 11/17/2007 1:43:20 AM
OTCPicks.com Daily Market Movers Digest Midday Report for November 16th UVSE, COLY, EBOF, TAMO, BSGC
Our Stocks to Watch today include Universal Energy Corp. (OTCBB: UVSE), Coley Pharmaceutical Group, Inc. (NASD: COLY), Earth Biofuels, Inc. (OTCBB: EBOF), Tamm Oil and Gas Corp. (OTCBB: TAMO), BigString Corporation (OTCBB: BSGC)
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UNIVERSAL ENERGY CORP (OTCBB: UVSE)
Detailed Quote: http://www.otcpicks.com/quotes/UVSE.phpCompany Profile:
http://www.otcpicks.com/universal-energy/universal-energy.htmUniversal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
UVSE News:
November 15 - Universal Energy Corp. Projects Profitability for the First Quarter of 2008 Based on Recent Drilling Successes
Universal Energy Corp. (OTCBB: UVSE), an emerging domestic oil and gas exploration and production company, announced that the company now projects profitability in the first quarter of 2008. "Our success at the wellbore is turning into real dollars for the company," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "With the production life of our already successful wells ranging from eight to twelve years, the visibility of our future revenue could not be clearer."
"Reaching profitability sets us apart from our peers," commented Dyron Watford, CFO of Universal Energy Corp., when asked about how Universal Energy was different from other emerging oil and gas companies. Watford continued, "I'm excited to be a part of Universal Energy, and I am even more excited that I'm a stockholder as well."
COLEY PHARMACEUTICAL (NASD: COLY)
"Up 159.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/COLY.phpColey Pharmaceutical Group, Inc., a biopharmaceutical company, engages in the discovery and development of toll-like receptors therapeutic candidates for cancers, asthma, and allergic disorders. Its product candidates comprise AVE7279 and AVE0675, which are in Phase I clinical trail for the treatment of respiratory diseases, such as asthma and allergic disorders; and VaxImmune Vaccine Adjuvant, a Phase II clinical trial product to treat cancer and infectious diseases. The company was founded in 1997 and is headquartered in Wellesley, Massachusetts.
COLY News:
November 16 - Pfizer to Acquire Coley Pharmaceutical Group
Acquisition Will Expand Pfizer's Investment in Vaccines, Broaden Scope of Research in a Number of Key Therapeutic Areas
Pfizer Inc (NYSE: PFE) announced that it has entered into an agreement to acquire Coley Pharmaceutical Group, Inc. (NASD: COLY), a publicly-held biopharmaceutical company specializing in vaccine adjuvant technology and a new class of immunomodulatory drug candidates designed to fight cancers, allergy and asthma disorders, and autoimmune diseases.
Under the terms of the agreement, Pfizer will make a cash tender offer for all of the outstanding common stock of Coley for $8.00 per share, representing an enterprise value of $164 million. The transaction is subject to customary closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the acquisition by Pfizer of a majority of Coley's shares. Shareholders holding approximately 27% of the Coley shares have entered into agreements to tender their shares in the offer.
“This acquisition is an important component of Pfizer’s vaccine strategy and reflects our commitment to research new and more effective vaccines to prevent infectious diseases and to treat cancers and other debilitating conditions. Coley’s innovative product candidate portfolio and technology have the potential to significantly enhance future vaccine and immunotherapeutic approaches to a broad range of diseases including Alzheimer’s, asthma, infectious disease and oncology, where we already have strong collaborative research in place,” said Jeffrey B. Kindler, chairman and chief executive officer, Pfizer Inc.
Coley is a pioneer in a new class of drug candidates called TLR Therapeutics which work by stimulating or blocking important immune system receptors, called Toll-like receptors (TLRs), which, in turn, direct the immune system to fight disease. Coley has discovered proprietary clinical stage drug candidates targeting TLRs 7, 8 and 9.
“As a pioneer in the field of TLR-based vaccine adjuvants and immunomodulators, Coley is delighted to enter into this agreement with Pfizer, a partner who has demonstrated that they share our vision,” stated Robert L. Bratzler, President and Chief Executive Officer, Coley Pharmaceutical Group. “We believe this transaction is a strong testament to the therapeutic potential of targeting TLR pathways and reflects Pfizer’s commitment to discovering and advancing TLR Therapeutic candidates that may be capable of directing the immune system to treat a wide range of diseases.”
The acquisition is expected to close early in 2008. Lazard Frères and Co, LLC, and Covington & Burling, LLP advised Pfizer on this transaction. JPMorgan and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. advised Coley Pharmaceutical Group.
More information on both companies and the Coley TLR Therapeutics technology can be found at www.pfizer.com and www.coleypharma.com.
EARTH BIOFUELS INC (OTCBB: EBOF)
"Up 38.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EBOF.phpEarth Biofuels, Inc. engages in the production, distribution, and sale of renewable fuels consisting of biodiesel, ethanol, and liquid natural gas, with a focus on biodiesel fuel, in the United States. It produces pure biodiesel fuel (B100) through the utilization of vegetable oils, such as soy and canola oil as raw material for sale directly to wholesale distributors; and as a blend stock to make B20 biodiesel primarily in Oklahoma and Texas. Earth Biofuels distributes petroleum/biodiesel blended fuel, such as B20 through wholesale distributors, truck stops, and fueling stations. The company also produces and distributes liquefied natural gas for municipal and commercial fleet customers primarily in Arizona and California, through its subsidiary, Earth LNG, Inc. In addition, Earth Biofuels has the exclusive license to sell and distribute BioWillie-branded biofuels. The company is headquartered in Dallas, Texas. Earth Biofuels, Inc. operates as a subsidiary of Apollo Resources International, Inc. On 11 July, 2007, an involuntary petition to liquidate under Chapter 7 is filed against Earth Biofuels, Inc in the US Bankruptcy Court for the District of Delaware.
EBOF News:
November 16 - Earth Biofuels LNG Subsidiary Announces Contract Renewal
Earth Biofuels, Inc. (OTCBB: EBOF) announced that its subsidiary, Applied LNG Technologies (“ALT”) has renewed a three year liquefied natural gas supply agreement with the City of Redlands (California).
The City of Redlands utilizes liquefied natural gas (“LNG”) as transportation fuel for its municipal fleet vehicles, and has built an LNG and compressed natural gas (“CNG”) refueling station for public use within its city limits.
“This renewal exemplifies our recent successes in growing our profitable LNG business, especially in the California markets,” stated Earth Biofuels CEO, Dennis McLaughlin. “We are now in the process of expanding our product availability to make LNG available in major cities outside of California.”
LNG meets California’s strict emission standards and is now more readily available for use by commercial vehicles, heavy-duty trucks, utility companies, fleets, light-duty trucks and consumer CNG vehicles. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles.
“We are pleased to be able to offer the public access to clean, domestically produced LNG and CNG in a convenient location and ALT has been a great partner in this effort,” said Gary Van Dorst, Solid Waste Manager for City of Redlands.
Through California’s South Coast Air District and Air Quality Management grants, the City of Redlands will operate 20 of its 32 municipal vehicles on LNG/CNG fuels by its fiscal year end.
“This is a win-win agreement because it allows ALT to provide LNG on a long term basis and gives the City of Redlands piece of mind knowing that they have stability regarding their LNG supply,” said Kevin Markey, Vice President, ALT, Inc.
ALT LNG produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's Web site is www.altlngusa.com.
Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie®." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's Web site is www.earthbiofuels.com.
TAMM OIL AND GAS CORPORATION (OTCBB: TAMO)
"Up 28.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TAMO.phpTAMO News:
November 16 - Tamm Oil and Gas Corp. Acquires Initial Oil Sands Stake in Sawn Lake Region
Company also Signs LOI to Dramatically Boost its Oil Sands Holdings
Tamm Oil and Gas Corp. (OTCBB: TAMO) announced the Company has entered into a definitive agreement (the "Agreement") to purchase the Gross Overriding Royalty Rights ("GORR") in Oil Sands Leases pursuant to which the Selling Companies have agreed to transfer all of the interest in the GORR in exchange for 4,000,000 shares of Tamm's common stock.
The GORR is an overriding royalty that will provide Tamm with a revenue source of 2% from every barrel of oil sold from the leases without burden of operating expenses in the world renowned Sawn Lake Region of Northern Alberta. The GORR ultimately has a higher value than the equivalent percentage working interest in a property.
Tamm also recently executed a Letter of Intent (LOI) between the Company and 1132559 Alberta Ltd. (1132559), which is expected to further enhance Tamm's planned presence in the Sawn Lake Region. According to the terms of the LOI, Tamm is to acquire all of the issued and outstanding shares of 1132559 in consideration for which Tamm has agreed to; (i) issue 15,000,000 shares of the Company's common stock to 1132559 Stockholders; (ii) complete a financing of up to $3,250,000, (iii) cancel 34,000,000 shares held by the principal stockholder of the Company and (v) appoint two nominees to the board of the Company.
1132559 Alberta Ltd. is a private company incorporated under the laws of Alberta, Canada. It holds a direct working interest of 10% in 63 sections of Oil Sands leases in the Sawn Lake Region in Northern Alberta.
"The GORR and 1132559 Alberta Ltd. acquisition allows Tamm to immediately jump into the fast moving Oil Sands play in Alberta along with many of the top oil & gas companies from around the world. With the 1132559 Alberta Ltd. transaction completed, the newly-formed Tamm Oil and Gas Corp. will become a sizable stake holder in the prolific Oil Sands Region of Alberta almost overnight. The Tamm interest is located in what many experts are calling one of the largest and most promising petroleum producing fields ever discovered in the world. In fact, an analyst report by a qualified independent engineering analyst predicts that the Sawn Lake Oil Sands Project holds estimated resources of 819.5 million initial barrels of oil in place," says Sean Dickenson, President & CEO of Tamm Oil and Gas Corp.
BIGSTRING CORPORATION (OTCBB: BSGC)
"Up 31.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BSGC.phpBigString Corporation, through its subsidiary, BigString Interactive, Inc., provides email services. It offers BigString, which is a Web-based, POP3 server email service solution that allows the user to edit, recall, cancel, and erase the email, as well as insert or delete attachments, even after the email has been sent out and opened. The company also provides BigString Beta 2.0 that offers erasable, recallable, and self destroying applications, non-printable and non-forwardable emails, set time or number of views, and masquerading to protect the sender's privacy and security. BigString Beta 2.0 also provides spam filters, virus protection, and large-storage web-based email accounts. The company's products include BigString Free, which provides the features of BigString Beta 2.0, and includes 1GB of storage and permits the user to send unlimited emails per month; BigString Premium, which offers the features of the BigString Free account, plus vanity domains, POP3 access using any email client, 2GB of storage, and 30 minute video email; and BigString Business that offers the features of the BigString Premium account, plus 10 email accounts, 20GB of storage, global filter notification, and email management. BigString Corporation also offers BigString Marketer Pro, which provides an enterprise marketing software application which allows for the sending of interactive video email commercials that can be programmed to self-destruct at a set time; and BigString Marketer SMB, a hosted video email marketing platform for small and medium size businesses. The company was founded in 2003. It was formerly known as Recall Mail Corporation and changed its name to BigString Corporation in 2005. Bigstring Corporation is based in Red Bank, New Jersey.
BSGC News:
November 15 - BigString Launches Facebook Application That Enables Users to Send Messages & Photos Programmed to Self-Destruct
Part of BigString's Initiative to Develop Social Networking Messaging Applications Built Around The Company's Core Technology
A new application that enables Facebook users to send exploding messages and pictures that can be programmed to self-destruct at a specific time, has been launched by BigString Corporation (OTCBB: BSGC). This new Facebook application is part of BigString's initiative to develop social networking messaging applications built around the company's core technology.
This application is based on BigString’s self-destructing email feature. With it, senders can determine when and how their Facebook message disappears by choosing from more than 100 animations and effects, including fiery death, exploding emoticons, explosions, etc.
Darin Myman, president and CEO of BigString Corporation stated, "We believe that the rapid growth of social networks such as Facebook are creating a large and important market opportunity for BigString’s messaging technology. Our Facebook application will be the first of many that will adapt our patent-pending email technology for social networks.”
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