Our Stocks to Watch tomorrow include Edgeline Holdings, Inc. (OTCBB: ELHI), Wi-Tron, Inc. (OTCBB: WTRO), First National Entertainment Corp. (OTC: FNAT), SPACEHAB, Incorporated (NASD: SPAB), Sigma Global Corporation (OTC: SGGC) and Sierra Gold Corporation, (OTC: SGCP).
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EDGELINE HOLDINGS (OTCBB: ELHI)
"Up 236.36% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/ELHI.php
Edgeline Holdings, Inc. engages in discovering and acquiring technologies, acting as their incubator, and nurturing those technologies. It focuses on voice over Internet protocol (IP) and IP telephony, biometrics, information security, wireless/WiFi, and radio frequency identification sectors. The company was founded in 2007 and is headquartered in Houston, Texas.
ELHI News:
February 11 - Edgeline Holdings Announces a Strategic Business Change to Focus Exclusively on Biotechnology and is Changing Its Name to Oncolin Therapeutics, Inc.
Edgeline Holdings, Inc. (OTCBB: ELHI) announced that it has made a strategic business change to focus exclusively on its biotech business and is changing its name to Oncolin Therapeutics, Inc. This decision comes after its recent acquisition of Intertech Bio which has propelled the company into the multi-billion dollar biotechnology industry through the addition of significant partnerships and the hiring of key personnel. The Company will immediately suspend its other business that is not associated with biotechnology.
The Company has recently announced it has obtained an exclusive option agreement with The University of Texas M.D. Anderson Cancer Center which provides the Company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period.
The lead programs address a wide range of tumor types including the major solid tumors such as breast, lung, colon and prostate and other important tumors such as pancreatic and brain tumors. Any success in the major tumor types would provide a blockbuster drug with yearly sales in the billion dollars per year range and approval of even a smaller population, such as pancreatic and brain cancer therapies, have the potential of sales of hundreds of millions yearly.
In addition, the Company has recently announced a Joint Development Agreement with Houston Pharmaceuticals to assist the Company in obtaining a license for certain patents, several of which are from the University of Mississippi and the University of Louisiana. Houston Pharmaceutical will continue collaborations with both universities and assist the in securing grants on behalf of the company.
The Company has also recently added to its management including the announcement of Dr Donald Picker joining the Company. Dr. Picker has extensive hands on experience in bringing drugs from concept to the market through all phases of research, preclinical and clinical development in a small company environment. Most recently Dr Picker was President of Tapestry Pharmaceuticals where he built the clinical development group and brought its lead cancer drug into several Phase II clinical trials. Previously he was the Ex VP of R&D at Callisto Pharmaceuticals where he was responsible for in licensing their two lead cancer programs and oncology preclinical programs and bringing these cancer drugs into Phase I and Phase II development. Dr Picker in his career has also held senior executive positions at other companies where he was responsible for bringing numerous drug candidates into clinical development. He and his group were responsible for the development of Carboplatin, one of the world’s leading cancer drugs currently in use with sales of over $500 million yearly. He was also responsible for Satraplatin and Picoplatin, third generation platinum drugs which are currently in late stage clinical development. Although most of his experience has been in oncology drug development he has also been involved in the areas of infectious disease, cardiovascular, dermatological and gastrointestinal pharmaceutical discovery and development.
WI-TRON INCORPORATED (OTCBB: WTRO)
"Up 127.27% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/WTRO.php
Wi-Tron, Inc. engages in the design, manufacture, and sale of ultra linear single and multi channel power amplifiers, cellular base station components, and broadband wireless products to the wireless telecommunications market worldwide. Its products include multicarrier linear power amplifiers, high power linear amplifiers, W-CDMA amplifier, local loop and Wi-Max amplifiers, low noise amplifiers; cellular, PCS, GSM, W-CDMA, and WI-MAX amplifiers; and communication amplifiers. The company markets its products to wireless communications manufacturers and communications system operators. Wi-Tron, formerly known as Amplidyne, Inc., was founded in 1988 and changed its name to Wi-Tron, Inc. in 2005. The company is based in Raritan, New Jersey.
WTRO News:
February 12 - Wi-Tron, Inc. Enters Into a Non-Binding Letter of Intent With Cellvine Ltd. With Respect to a Potential Merger
Wi-Tron, Inc. (OTCBB: WTRO), a manufacturer of power amplifiers, today announced that it has signed a non-binding Letter of Intent with Cellvine Ltd., a private Israeli corporation that develops and markets coverage and capacity solutions for the wireless telecommunications industry. The Letter of Intent reflects the intentions of both parties to effect a merger whereby Cellvine will merge with a wholly owned subsidiary of Wi-Tron. Pursuant to the merger, Wi-Tron will exchange its common stock for all of the outstanding securities of Cellvine, such that Cellvine security holders will own 85% of the total shares of Wi-Tron common stock, on a fully diluted basis. The merger will be subject to negotiating a definitive binding agreement, and obtaining all necessary corporate approvals.
FIRST NATIONALL ENTERTAINMENT CORPORATION (OTC: FNAT)
"Up 94.74% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/FNAT.php
First National Entertainment Corp. is a publicly traded independent oil and gas company. The company is now under new management and is focused on maximizing shareholder value by building a diversified portfolio of oil and gas assets in the Appalachian Basin, Texas, and Oklahoma.
FNAT News:
February 12 - First National Entertainment Corp. Focus on the Appalachian Basin
First National Entertainment Corp. (OTC: FNAT) announced that it is focusing its initial efforts in oil and gas in the Appalachian Basin, concentrating in Tennessee.
The Scott, Morgan, and Fentress Counties of upper east Tennessee are well known for shallow oil and gas production, some with high rates of flow. The area is known for multiple pay zones, including the Monteagle Limestone, the Ft. Payne Limestone, the Chattanooga Shale as well as the deeper Trenton-Black River and Knox groups.
Our initial plan is to build a lease position in Morgan, Scott and Fentress counties for future drilling as well as acquiring well bores in which the Chattanooga Shale is exposed. We believe the Chattanooga Shale is destined to become a major source of natural gas for the eastern seaboard. One recently drilled horizontal well in Morgan County had an open flow of 3.9 MMCF per day.
First National Entertainment Corp. is a publicly traded independent oil and gas company. The company is now under new management and is focused on maximizing shareholder value by building a diversified portfolio of oil and gas assets in the Appalachian Basin, Texas, and Oklahoma.
SPACEHAB INCORPORATED (NASD: SPAB)
"Up 39.29% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/SPAB.php
SPACEHAB, Incorporated provides commercial space products and services to NASA, international space agencies, Department of Defense, and private customers worldwide. It develops and operates space flight hardware assets, and provides manned and unmanned payload processing services. The company operates in three segments: SPACEHAB Flight Services, Astrotech Space Operations, and SPACEHAB Government Services. The SPACEHAB Flight Services segment offers a range of engineering, research, logistics, integration, operations, and ground support services. The Astrotech Space Operations segment provides facilities and support for the preparation of satellites and payloads for launch on expendable launch vehicles. The SPACEHAB Government Services segment offers large-scale government program technical support and specialized engineering analysis, products, and services to NASA and other customers. SPACEHAB also provides end-to-end space access solutions, space systems development, mission integration, and pre-launch processing facilities and services. The company was founded in 1984 and is headquartered in Webster, Texas.
SPAB News:
February 12 - SPACEHAB Announces $5.5 Million Stock Purchase Agreement
SPACEHAB, Incorporated (NASD: SPAB), a provider of commercial space services, announced the Company has entered into a Stock Purchase Agreement with certain investors for the purchase of 55,000 shares of the Company’s Series D convertible preferred stock for a total price of $5.5 million. In addition, the Company issued 150,150 shares of common stock upon entering into the Stock Purchase Agreement.
Consummation of the transaction is contingent upon NASA awarding SPACEHAB a funded Space Act Agreement under the Commercial Orbital Transportation Services (COTS) Program, scheduled to be awarded mid-February, and shareholder approval of the transaction.
The Series D convertible preferred stock will be converted into common stock six months after issuance based on a ratio determined by dividing $100.00 by the average of (x) the average of the closing price of the Company’s common stock for the business days January 18-25, 2008 and (y) the average of the closing price of the Company’s common stock for the five business days prior to the Company’s receipt of written notification from NASA indicating the Company’s receipt of a COTS award of at least $120 million.
SIGMA GLOBAL CORPORATION (OTC: SGGC)
"Up 50.00% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/SGGC.php
Sigma Global is an emerging oil and gas company whose core business is to evaluate profitable oil and gas lease options, build a solid foundation of assets through acquisition of land and leases, and explore and develop opportunities on these prolific properties.
SGGC News:
February 12 - Sigma Global Corp. Completes Well 1A and Begins Production
Sigma Global Corporation (OTC: SGGC), an emerging oil and gas Company, has announced that it has completed all work on Well 1A. The new well had solid flow and is the first new producing well to come online for the Company. The Company is also looking to complete Well 2A which was previously drilled. This second well is expected to be producing within the next two weeks. Once both wells are online the Company will make preparations to drill two new additional wells on the property.
Brian Conrad, Sigma Global's CEO, stated, "This is a very exciting moment as we have just brought our first new well online. We took advantage of the break in weather to get Well 1A up as soon as we could. We are hoping to get the second well online by next week and shortly after we should have some data to project production rates. I expect these two wells to strengthen our bottom line significantly."
The Company further announced that its attorneys are continuing the process of restructuring which includes reducing the authorized shares, changing the name of the Company to Pradera Energy Corp and obtaining a new CUSIP number.
SIERRA GOLD CORPORATION (OTC: SGCP)
"Up 42.86% on Tuesday"
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 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. Sierra Leone's neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa.
SGCP News:
February 12 - Sierra Gold Announces Initial Extraction and Sale of Gold From Sierra Leone Property
Sierra Gold Corporation, (OTC: SGCP) announced that after four and a half years of research and exploration, the Company has extracted and sold the first-ever kilogram of alluvial gold from its holdings in the West African nation of Sierra Leone. Proceeds from the sale of the initial gold production are being used for continuing operations and will facilitate the purchase of customized equipment that will allow SGCP to advance its alluvial operation and commence the 'hard rock' phase of gold production.
Sierra Gold CEO Doug Evans commented on the progress of the company: "The extraction and sale of our first gold production validate our years of research and exploration. Needless to say, we are extremely excited that the company has entered the production phase." Mr. Evans added, "Our alluvial production, coupled with our soon-to-be initiated hard rock production, should provide significant returns on invested capital throughout the second half of 2008 and beyond. We look forward to sharing our successes with shareholders along the way."
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