Dallas, TX 6/6/2008 1:10:16 AM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, June 5th CPRK, PNGB, PCYC, ORMP, PRXM

OTCPicks.com’s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets.  In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for small cap and microcap traders to meet up and discuss their top stock picks. Visit http://www.otcpicks.com today to join this growing community.

 

Our Stocks to Watch today include Copper King Mining Corp. (OTC: CPRK), Panglobal Brands Inc. (OTCBB: PNGB), Pharmacyclics Inc. (NASD: PCYC), Oramed Pharmaceuticals Inc. (OTCBB: ORMP), Proxim Wireless Corp. (NASD: PRXM)

 

For the complete newsletter please visit: http://www.otcpicks.com/daily-market-movers/index.php

 

For more in-depth coverage of small cap stocks visit http://www.otcpicks.com

 

COPPER KING MINING (OTC: CPRK)

"Up 12.28% in morning trading"

 

For Detailed Quote & Latest Company News go to:

http://www.otcpicks.com/quotes/CPRK.php 

 

Company Profile:

http://www.otcpicks.com/copper-king-mining/copper-king-mining.htm 

 

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

 

PANGLOBAL BRANDS INCORPORATED (OTCBB: PNGB)

"Up 25.00% in morning trading"

 

For Detailed Quote & Latest Company News go to:

http://www.otcpicks.com/quotes/PNGB.php

 

Panglobal Brands, Inc., a development stage company, engages in the design, manufacture, and distribution of clothing and accessories for women and men in the United States and Canada. The company offers denim jeans, t-shirts, dresses, shorts, skirts, and knit and woven tops, as well as clothing for girls and children. It sells its products through a network of wholesale accounts. The company was founded in 2006 and is based in Huntington Park, California.

 

PHARMACYCLICS INCORPORATED (NASD: PCYC)

"Up 20.00% in morning trading"

 

For Detailed Quote & Latest Company News go to:

http://www.otcpicks.com/quotes/PCYC.php

 

Pharmacyclics, Inc., a pharmaceutical company, is developing drugs to treat cancer and other diseases. Its pharmaceutical agents are synthetic small molecules designed to target key biochemical pathways in diseased cells. The company's product candidate, Xcytrin (motexafin gadolinium) Injection, an anti-cancer agent with a novel mechanism of action, has completed Phase III trials in oncology and is in Phase II trials for patients with non-small cell lung cancer. Its products also include PCI-24781, a histone deacetylase inhibitor in Phase I trial in patients with advanced relapsed solid tumors; PCI-24783, a preclinical stage small molecule inhibitor of Factor VIIa for cancer therapy; and PCI-32765, a preclinical stage small molecule tyrosine kinase inhibitor to treat B cell malignancies and autoimmune disease. Pharmacyclics has a license agreement with the University of Texas to develop and commercialize porphyrins, expanded porphyrins, and other porphyrin-like substances covered by its patents. The company was founded in 1991 and is headquartered in Sunnyvale, California.

 

ORAMED PHARMACEUTICALS INCORPORATED (OTCBB: ORMP)

"Up 11.84% in morning trading"

 

For Detailed Quote & Latest Company News go to:

http://www.otcpicks.com/quotes/ORMP.php

 

Oramed Pharmaceuticals is a technology pioneer in the field of oral delivery solutions for drugs and vaccines presently delivered via injection. Oramed is seeking to revolutionize the treatment of diabetes through its patented flagship product, an orally ingestible insulin capsule currently in phase 2 clinical trials. Established in 2006, Oramed's technology is based on over 25 years of research by top research scientists at Jerusalem's Hadassah Medical Center. The Company's corporate and R&D headquarters are based in Jerusalem. For more information, visit http://www.oramed.com/.

 

PROXIM WIRELESS CORPORATION (NASD: PRXM)

"Up 11.43% in morning trading"

 

For Detailed Quote & Latest Company News go to:

http://www.otcpicks.com/quotes/PRXM.php

 

Proxim Wireless Corporation provides high-speed wireless communications equipment and services in the United States and internationally. It offers broadband wireless access point-to-multipoint (PMP) systems that enable service providers, businesses, and other enterprises to connect end-users to a central hub or connect multiple facilities within their private networks; Tsunami MP.11 products, which support PMP applications in unlicensed frequency bands; WiMAX products that support PMP applications in licensed frequency bands; Wi-Fi Mesh products, which allow the creation of self-configuring and self-healing wireless networks; and MeshMAX products, that support licensed WiMAX frequencies and unlicensed frequencies for backhaul. The company also provides ORiNOCO access point products that offer wired Ethernet networks for enterprises and municipal area networks; and ORiNOCO client card products, which deliver mobile convenience, installation, and a configuration utility. In addition, it offers point-to-point (PTP) Lynx products, which are primarily used by wireless cellular operators to connect their base stations to other base stations and to existing wire-line networks; PTP Tsunami products, which enable its customers to expand or establish private networks by bridging Internet traffic among multiple facilities; QuickBridge 60250 product, a PTP wireless hop-in-a-box that provides 200 megabits per second of capacity in the 60 gigahertz unlicensed spectrum; and GigaLink products that enable fiberless transmission of data, voice, and video communication. The company provides its wireless solutions for the mobile enterprise, security and surveillance, last mile access, voice and data backhaul, and municipal networks. Proxim Wireless Corporation was founded in 1982. It was formerly known as Terabeam, Inc. and changed its name to Proxim Wireless Corporation in 2007. The company is headquartered in San Jose, California.

 

About OTCPicks.com

 

OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor.  The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

 

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

 

Disclosure: OTCPicks.com has been compensated sixteen thousand five hundred dollars by a third party for CPRK advertising and promotional services. OTCPicks.com was compensated up to seven thousand five hundred dollars by a third party (ByMark Consulting) for ORMP advertising and promotional services.

 

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.