Del Mar 5/7/2010 4:53:50 PM
OTCBB Newsmakers for May 7
MedaSorb Technologies Corporation(OTCBB: MSBT), China Wi-Max (OTCBB: CHWM), Estate Coffee Holdings Corp. (OTCBB: ECHD), Sino Clean Energy, Inc. (OTC Bulletin Board: SCLX), Positron Corporation (OTCBB:POSC)
MedaSorb Technologies Corporation(OTCBB: MSBT)
MONMOUTH JUNCTION, NJ -- -- 05/06/10 -- MedaSorb Technologies Corporation, formerly trading under the symbol (OTCBB: MSBT), has formally changed its company name to CytoSorbents Corporation. Pursuant to the name change, effective at the open of business on May 7, 2010, the new ticker symbol for the Company will be (OTCBB: CTSO).
For additional information on the Company, please see our Form 10-K filed with the SEC on April 9, 2010 under our former name MedaSorb Technologies Corporation, which is available at www.sec.gov.
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China Wi-Max (OTCBB: CHWM)
DENVER, CO and BEIJING -- 05/06/10 -- China Wi-Max (OTCBB: CHWM) announced that it has named two experienced investment advisors, Richard Kranitz and Frank Ventura, to its Board of Directors. China Wi-Max Communications, Inc. is a world-class telecommunications and IP transport company, formed to take advantage of the rapidly expanding wireless and broadband communications needs and opportunities in China. "I am excited to have two such accomplished and seasoned professionals joining the China Wi-Max Board of Directors," CHWM President and CEO Steven T. Berman stated, "and I look forward to working pro-actively and constructively with each of these gentlemen as we grow the company and fulfill our mission."
In a similar vein, Founder and Chairman of the Board, Dr. Allan Rabinoff, stated "All of us at China Wi-Max respect and appreciate the years of experience and unique skill sets each of these two gentlemen bring to their new responsibilities. Each is an outstanding leader and team player with a history of success and accomplishment in their respective fields of law and telecommunications."
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Estate Coffee Holdings Corp. (OTCBB: ECHD)
CALGARY, AB -- 05/06/10 -- Estate Coffee Holdings Corp. (OTCBB: ECHD), a vertically integrated specialty coffee company, announced today that its Chinese partner, DTS8 Coffee (Shanghai) Co., Ltd., through its distributor Bake & Co. International Trading Co., Ltd is selling DTS8 Premium Selection "DTS8 Red," "DTS8 Blue" and "DTS8 Espresso Classic" coffees at several Pavilion restaurants at the Shanghai 2010 World Expo. Bake & Co. International Trading Co., Ltd was a supplier to the 2008 Beijing Olympics both for the athletes' village as well as the General Electric, Omega, Volkswagen, Johnson & Johnson and NBC pavilions.
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Sino Clean Energy, Inc. (OTC Bulletin Board: SCLX)
China, May 6 -- Sino Clean Energy, Inc. (OTC Bulletin Board: SCLX) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in the People's Republic of China ("China"), today announced that it has filed a Certificate of Change to its Articles of Incorporation with the Secretary of State of the State of Nevada to effect a reverse stock split pursuant to which each ten (10) currently issued and outstanding shares of Company's Common Stock, par value $0.001 (the "Common Stock"), will be automatically converted into one (1) share of Common Stock. Following the reverse split, the Company will have approximately 16,557,000 shares of Common Stock issued and outstanding and 30,000,000 shares of Common Stock authorized. The reverse stock split will be effective at the market opening on May 7, 2010, at which time the Company's Common Stock will begin trading on the OTC Bulletin Board on a split-adjusted basis. To denote the reverse stock split the Company's common stock will trade under the symbol "SCLXD" for a period of 20 trading days. After 20 trading days the Company's Common Stock will resume trading under the symbol "SCLX."
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Positron Corporation (OTCBB:POSC)
INDIANAPOLIS--May 6-- Positron Corporation (OTCBB:POSC) (the "Company") a molecular imaging solutions company focused on Nuclear Cardiology, announced the highlights from the Company's presentation before NASDAQ on May 5, 2010.
The Management of Positron Corporation introduced the Company at the NASDAQ Marketsite. This forum is of great value to Positron since it provides broad exposure and access to a far reaching investment community.
The Company set out to explain the foundation of its business, the confirmation of a strategic partnership and potential revenue. Management discussed most all aspects of the Company's plans which it was at liberty to disclose. A transcript of the presentation will be filed with the Securities and Exchange Commission on a Form 8-K immediately when it becomes available in coming days.
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