Purio, Inc. (OTCBB: PURO) Trading at $0.12, UP 50%. Announced yesterday after market close that it is in the final stages of setting up its first commercial outlet in Southern California. The mandate of the division DBA UltraSafe Water Source(TM) is to serve the growing number of business offices that wish to eliminate bottled water, aim to cut costs, eliminate the 5-gallon bottles from their operations, and do so with nothing to buy.
Daryl English, President of Purio, says, "North America is in the infancy of a major paradigm shift in the way business offices supply purified drinking water to their staffs and clients. We see it as a major up-coming trend and we see ourselves in a great position to profit from it. Businesses are motivated in many ways to take action and upgrade their office water service from bottle-style dispensers to modern point-of-use (POU) water purifiers and totally do away with bottled water delivery. The first motivation is cost cutting and we can often cut the monthly water budget by over 25%. Second is the convenience factor; by eliminating the plastic 5-gallon bottles, offices free up precious floor and storage space, and eliminate the risk of employee injury caused by the lifting of the 45 pound back-breakers. Our POU purifiers not only offer a fresher tasting, better quality water, compared to bottles because it's not stored in plastic for weeks before consumption, but they also offer a greater production capacity so that businesses never more worry about running out of purified water. Couple that with the environmental care factor, whereby business can update their water service from the energy hungry, labor intensive and carbon producing delivery system of old fashioned bottles, and we are of the opinion that we are on the leading edge of a business boom."
Mr. English cited cities like San Francisco, Chicago and Vancouver, British Columbia as examples of municipalities that have banned the use of bottled water in their facilities due to concerns over its affect on the environment as well as concerns about possible health risks recently revealed from studies of chemicals leaching from water bottles into the drinking water.
What They Do: Purio owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell &/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America.
How They Trade: PURO has a 52 week high of $0.89 and a 52 week low of $0.05.
AMAG Pharmaceuticals (Nasdaq: AMAG) Trading at $30.13, Up 64%. Today announced that the U.S. Food and Drug Administration (FDA) has designated the Company’s resubmission to the October 2008 Complete Response letter for its New Drug Application (NDA) for ferumoxytol as a complete, Class 1 response. The FDA has established a December 30, 2008 Prescription Drug User Fee Act (PDUFA) target action date. AMAG is seeking marketing approval for ferumoxytol for the treatment of iron deficiency anemia in patients with all stages of chronic kidney disease (CKD), including those on dialysis and those not on dialysis.
What They Do: AMAG Pharmaceuticals, Inc. is a biopharmaceutical company that utilizes its proprietary technology for the development and commercialization of a therapeutic iron compound to treat anemia and novel imaging agents to aid in the diagnosis of cancer and cardiovascular disease.
How They Trade: AMAG has a 52 week high of $66.94 and a 52 week low of $18.33.
CB Richard Ellis Group (NYSE: CBG) Trading at $4.92 Up 30%. Today announced the pricing of its public offering of 50,000,000 shares of its Class A common stock at an offering price of $3.77 per share. CB Richard Ellis has granted the underwriters a 30-day over-allotment option to purchase up to 7,500,000 additional shares of Class A common stock.
The estimated net proceeds of the offering will be approximately $180.0 million (or approximately $207.1 million if the underwriters exercise their option to purchase additional shares of Class A common stock in full). CB Richard Ellis expects to use the proceeds from the sale for general corporate purposes.
What They Do: CB Richard Ellis Group is the world's largest commercial real estate services firm (in terms of 2007 revenue). The Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage brokerage; appraisal and valuation; development services; investment management; and research and consulting.
How They Trade: CBG has a 52 week high of $24.75 and a 52 week low of $3.54.
Green Mountain Coffee Roasters (Nasdaq: GMCR) Trading at $29.00, Up 13%. Announced yesterday after market close its fiscal 2008 and fiscal fourth quarter results for the thirteen weeks ended September 27, 2008, reporting strong sales and even stronger earnings growth. During the fourth quarter of fiscal 2008, 273 million K-Cup portion packs were shipped system-wide by all Keurig licensed roasters, up 62% over the year-ago quarter.
Net income for the fiscal fourth quarter of 2008 increased 99% to $7.1 million or $0.28 per diluted share, from $3.6 million or $0.14 per diluted share in the fiscal fourth quarter of 2007.
What They Do: Green Mountain Coffee Roasters is recognized as a leader in the specialty coffee industry for its award-winning coffees, innovative brewing technology and socially and environmentally responsible business practices. GMCR manages its operations through two wholly owned business segments: Green Mountain Coffee and Keurig. Its Green Mountain Coffee division sells more than 100 high-quality coffee selections.
How They Trade: GMCR has a 52 week high of $44.75 and a 52 week low of $23.01.
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