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Horiyoshi Worldwide (OTCBB: HHWW) $1.71. Today announced this corporate update, which re-caps the recent acceleration in the Company's business and outlines future development plans. Highlights from the last quarter of 2010:
- Appoints Mitsuo Kojima to the position of President and CEO and Ray Catroppa as CFO; - Acquires Japan based, fashion apparel design and production house - Horiyoshi the Third; - Appoints Robert Forrest as Creative Director; - Appoints Dawn Green as Commercial Director; - Forms International Advisory Board and appoints; - Michelle Stein, President of AEFFE, USA - Richard Johnson, Buying Manager, Harvey Nichols - Embarks on creative/retail partnership with British fashion designer, Paul Smith - Secures International Retail Distribution with: - Saks Fifth Avenue (www.saksfifthavenue.com) - Harvey Nichols (www.harveynichols.com) - The Swank (www.swank.com.hk) - Browns Fashion (www.brownsfashion.com) - Daslu (www.daslu.com.br) - Beams (www.beams.co.jp) - Secures $5,000,000 in equity financing to fund ongoing operations and business development initiatives.
In 2011, management will devote significant resources to expand the product categories of Horiyoshi the Third while focusing on building the Horiyoshi retail distribution network and organizational structure. The management team understands the importance of creating shareholder value. The company sees its shareholders as a key constituency in creating brand awareness and one of management's main goals is to increase visibility by positioning the company to list its shares on a national market exchange. More information with regards to future development plans will be disclosed in the upcoming 10-K filing.
"As a result of recent developments, we anticipate that 2011 will be a milestone year for HHWW and its shareholders. We appreciate the continued support we have been receiving from our shareholders during the expansion of the Horiyoshi the Third brand and we look forward to translating our successes into shareholder value." said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.
What They Do: Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third - a high end clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 50 luxury retail boutiques & department stores in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.
Capstone Turbine Corporation (Nasdaq: CPST) $0.96. Today announced it recently sold a C800 Power Package and General Electric Clean Cycle waste heat recovery generator to a large food manufacturer in Mexico. Capstone is the exclusive Original Equipment Manufacturer ("OEM") partner with Calnetix Power Solutions, Inc. (which was acquired by GE in October) to sell the zero emission Clean Cycle waste heat recovery generator for all microturbine applications and for landfill applications below 500-kilowatts.
Capstone distributor Cogeneracion Navitas, headquartered in Mexico City, secured the order for the C800 and Clean Cycle package. The food manufacturer is familiar with the low emissions and high reliability of Capstone microturbines as they already have six Capstone C65 microturbines operating successfully at a different plant. Because of the microturbines' extremely low emissions and the manufacturer's aggressive emission reduction program, Cogeneracion Navitas is pursuing follow-on opportunities at as many as 18 other plants.
What They Do: Capstone Turbine Corporation is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products.
RELM Wireless Corporation (AMEX: RWC) $1.77. Today announced that it received an order totaling approximately $1.5 million from the U.S. Department of Agriculture Forest Service. The order is for RELM's D-Series digital P-25 portable and mobile radios with accessories. A portion of the order was fulfilled in December 2010, with the remainder to be fulfilled during the first quarter of 2011.
RELM President and Chief Executive Officer David Storey commented, "We are proud to continue our support of the Forest Service and look forward to doing so for many years to come. The Forest Service has relied upon our BK Radio products in wildfire suppression efforts for over two decades; first deploying our E-Series analog radios, then our G-Series analog radios, and more recently migrating to our P-25 digital D-Series radios. With over 57,000 of our radios in service, clearly the Forest Service has confidence in our company, products and service."
What They Do: As an American Manufacturer for more than 60 years, RELM Wireless Corporation has produced highspecification twoway communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications.
Ariad Pharmaceuticals (Nasdaq: ARIA) $5.10. Today announced that it is scheduled to present at the 29th Annual J.P. Morgan Healthcare Conference being held at the Westin St. Francis Hotel in San Francisco. Harvey J. Berger, M.D., chairman and chief executive officer at ARIAD, will provide an overview of the Company and its progress in key programs on Wednesday, January 12, 2011 at 10:30 a.m. (PT)/1:30 p.m. (ET).
The ARIAD presentation will be webcast live and can be accessed by visiting the investor relations section of the Company's website. A replay of the presentation will be available on the ARIAD website approximately 24 hours after the presentation and will be archived for three weeks.
What They Do: ARIAD's vision is to transform the lives of cancer patients with breakthrough medicines.
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