Dallas, TX 1/29/2008 1:12:13 AM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Monday, January 28th RGNO, LIPD, VTBD, SCEY

Our Stocks to Watch today include Regions Oil and Gas (OTC: RGNO), Lipid Sciences, Inc. (NASD: LIPD), VitalTrust Business Development Company (OTCBB: VTBD), Sun Cal Energy Inc. (OTCBB: SCEY)

 

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REGIONS OIL & GAS (OTC: RGNO)

"Up 93.33% in morning trading"

 

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

 

Regions Oil & Gas Incorporated is a holding company with a strategy seeking to aggregate various business models to operate and enhance for sale or to participate in its subsidiaries becoming fully reporting companies and move to the OTCBB.

 

RGNO News:

 

January 28 - Regions Oil & Gas Acquires American Energy Savers

 

Regions Oil and Gas (OTC: RGNO) announced that it has acquired American Energy Savers of New Haven, CT.

 

After a little more than a week on job interim President Rick Papaleo was fast at work and completed the acquisition of American Energy Savers.

 

American Energy Savers is a family owned and operated business that prides itself on customer satisfaction. Since 1985, AES has offered its customers cutting edge products with superior workmanship. AES is one of the leading contractors for the state of Connecticut's energy conservation programs and has also participated in many projects for Yale School of Architecture. AES has dedicated itself to providing its customers with outstanding products and excellent service.

 

"This acquisition is a great deal for Regions Oil. The company has strong revenues with growing profits. It is important that management adds value to Regions and American Energy Savers does just that," stated Rick Papaleo, President of Regions Oil & Gas.

American Energy Savers has contracts with projected revenues exceeding 2 million dollars with an expectation of a 20% increase over 2007.

 

Additional announcements are expected shortly with regard to a name change, new President and other company matters.

 

Also, the company is preparing a "State of the Company" that will include a Balance Sheet and a list of Assets with details regarding the assets. The target date is the week of February 4.

 

LIPID SCIENCES INCORPORATED (NASD: LIPD)

"Up 15.36% in morning trading"

 

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

 

Lipid Sciences, Inc., a development-stage biotechnology company, engages in the research and development of products and processes intended to treat medical indications that include cardiovascular diseases and viral infections in which lipids or fat components play a key role. The company focuses applications of its technologies, including high-density lipoproteins (HDL) therapy platform, which focuses on developing treatments for the reversal of atherosclerosis that causes heart attacks, stroke and peripheral vascular disease; and viral immunotherapy platform that focuses treatments for people suffering from conditions caused by lipid-enveloped viruses, such as human immunodeficiency virus, hepatitis B and C, acute respiratory syndrome coronavirus, west Nile, and influenza. The HDL therapy platform includes HDL selective delipidation and HDL mimetic peptides. The HDL selective delipidation and viral immunotherapy technologies are based on patented processes that selectively remove lipids, such as cholesterol from targeted lipoproteins or viruses circulating in blood plasma without disrupting the non-targeted plasma proteins function. The HDL mimetic peptides include a sequence of amino acids that mimic the critical functional characteristics of apolipoprotein A-I, the key protein component of HDL. The company also engages in conducting clinical trials. It has a collaborative research and license agreement with Elanco Animal Health, Inc. to research, develop, manufacture, and sell immunological products for animal health applications. The company was founded as New Mexico and Arizona Land Company in 1908 and changed its name to NZ Corporation in 2000. Later, it changed its name to Lipid Sciences, Inc. The company is headquartered in Pleasanton, California.

 

LIPD News:

 

January 28 - Lipid Sciences Announces Positive HIV Program Results

 

Non-Human Primates Respond Well to Therapeutic Treatment in Recent Study

 

Lipid Sciences, Inc. (NASD: LIPD) announced that it had demonstrated a positive therapeutic effect with the Company's proprietary delipidated autologous virus vaccine in SIV-infected non-human primates. Primates infected with Simian Immunodeficiency Virus (SIV) are a widely-accepted model for HIV. Twelve animals ultimately qualified for this 22-month study -- 6 animals in the treatment arm and 6 placebo animals. Vaccination with autologous SIV, delipidated by Lipid Sciences' proprietary process, led to an average 15.5 times viral load reduction in the treated animals. All 6 animals in the treatment arm of the study responded with drops in viral load in excess of 90%. While the study was not powered for statistical significance, it revealed an extremely strong trend of p=0.1, indicating the strong benefit of autologous delipidated viral vaccination in lowering viral loads in chronically-infected animals.

 

This pre-clinical Safety and Effectiveness study was conducted at the Yerkes National Primate Research Center at Emory University in Atlanta, under the direction of investigators including Dr. Aftab A. Ansari, Professor, Department of Pathology, Emory University School of Medicine; Dr. James E.K. Hildreth, Director, Comprehensive Center for Health Disparities Research and HIV, Meharry Medical College; and Dr. Francois Villinger, Professor, Department of Pathology, Emory University School of Medicine. Dr. Moiz Kitabwalla, Senior Manager of Viral Programs for Lipid Sciences acted as a co-investigator and as the coordinator for this study.

 

Dr. James E.K. Hildreth commented on behalf of the study group, "The results of this study are terribly exciting and re-confirm an earlier outcome seen in a smaller group of immune-compromised animals. A viral load reduction in excess of 90%, to my knowledge, has never been seen before in other therapeutic vaccine studies. This treatment has the potential of introducing a whole new way of containing the pandemic of HIV."

 

Lipid Sciences' Viral Immunotherapy is a broadly applicable platform technology that focuses on the removal of the lipid coatings from lipid-enveloped viruses utilizing the Company's proprietary delipidation technologies. In addition to HIV, conditions that could potentially be affected by these technologies include Hepatitis B and Hepatitis C. Lipid Sciences believes its Viral Immunotherapy platform also has applicability to wide range of viruses impacting animal health -- a diverse market with diseases affecting both food and companion animals. In late 2006 Lipid Sciences entered into a collaborative research and license agreement with Elanco Animal Health, a division of Eli Lilly and Company, to address these animal health markets.

 

Dr. S. Lewis Meyer, President and Chief Executive Officer of Lipid Sciences, commented, "The positive results of this study substantiate our conclusion that our Viral Immunotherapy technology platform has a strong potential to develop both an effective therapeutic treatment as well as a prophylactic vaccine against HIV. To that end, the Company has submitted a grant application to the National Institutes of Health for the development of a preventive vaccine for HIV. If awarded, this grant will fund in vitro and pre-clinical studies to demonstrate 'proof of concept' for our preventive HIV vaccine."

 

VITALTRUST BUSINESS DEVELOPMENT CORP. (OTCBB: VTBD)

"Up 260.00% in morning trading"

 

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

 

VitalTrust Business Development Corporation operates as a closed-end management investment company. It provides equity and long-term debt financing to small and medium-sized private companies in various industries in the United States. The company holds 100% interest in American Card Services, Inc., which intends to make investments in financial services and real estate entities; and Entellectual Solutions Properties Group, Corp., which develops, acquires, integrates, and delivers various technologies and solutions to the market. Entellectual Solutions Properties Group owns three product lines: Campus, an enterprise level application service provider designed as a productivity enhancement system; VitalTrust, a network of community healthcare information utilities for healthcare information archive and provider share technology; and Health Centrics, a medical practice manager designed from the outset in the application service provider model. VitalTrust Business Development Corporation is based in Tampa, Florida.

 

VTBD News:

 

January 28 - VitalTrust Announces New Business Direction and Name Change

 

VitalTrust Business Development Company (OTCBB: VTBD) (“VTBD” or the “Company”) today announced that upon completion of the Company’s election to withdraw from being treated as a business development company under the Investment Company Act of 1940, it will pursue operations as a vertically integrated alternative energy company. Further, the Company intends to change its name to Renewable Energy Resources to better depict its business strategy.

 

Renewable Energy Resources will have the specific mission of “Delivering Renewable Fuels To The World.” The Company will accomplish this mission through the initial acquisition of a number of alternative energy companies during the 1st quarter of 2008 and through its own organic growth. The Company will be active across the continuum of renewable energy delivery, with business segments in production, management, distribution, technology, sales, marketing, and finance.

 

SUN CAL ENERGY INCORPORATED (OTCBB: SCEY)

"Up 16.33% in morning trading"

 

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

 

Sun Cal Energy Inc. is a publicly traded independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana, and the Green River Basin of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol SCEY.

 

SCEY News:

 

January 25 - Sun Cal Energy Inc. Announces Daily Gas Flow Rates in Excess of 12 Million Cubic Feet a Day on the Cunningham 1-02 Well

 

Sun Cal Energy Inc. (OTCBB: SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming announced that it has been advised by the operator of the Cunningham 1-02 well on the Hobart Prospect in Washita County, Oklahoma that the daily gas flow rates from the Cunningham 1-02 well are in excess of 12 million cubic feet a day.

 

These results build on the successful drilling and commercial results of the first deep development well, Sturgeon 1-11, also drilled by the same operator and located within the Hobart Prospect. Together, these two wells represent the commercial success of the Hobart Prospect.

 

Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc. stated: "We are excited that a second deep development well has reached production and commercial validation. The successful drilling and production of these wells suggest that the prospect could attract additional interest and thus drilling activity by major operators. This in turn could provide greater cash flows and upside potential to our shareholders.”

 

Recently, Range Resources applied before the Corporation Commission of the State of Oklahoma to seek a third scheduled well within the Hobart Prospect.

 

Sun Cal Energy Inc. owns a 1.5% gross overriding royalty interest in the 1211 acre Hobart prospect strategically located in the Anadarko Basin and part of the Springer Morrow play – the largest such play in the State and Mid-Continent. Key players running rigs in the immediate area include Marathon Oil, Chesapeake Energy, and Range Resources.

 

“The successful drilling and production of a second deep development well represents another key milestone as we continue to seek cash flow and production,” stated Lewis Dillman. “Sun Cal will continue to focus on developing its assets, and seeking opportunities to partner with major industry leaders to maximize value to our shareholders.”

 

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