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Sequenom (Nasdaq: SQNM) $6.71. Today announced publication in the American Journal of Obstetrics and Gynecology (doi: 10.1016/j.ajog.2010.12.060) of Sequenom CMM's "locked assay" study.
The paper entitled "Noninvasive detection of fetal trisomy 21 by sequencing of DNA in maternal blood: a study in a clinical setting" is available through the 'Articles Online First' section of the American Journal of Obstetrics and Gynecology website – http://www.ajog.org. The article is scheduled to appear in the March issue of the journal to be published both online and in print.
Study Results
The performance of a massively parallel shotgun sequencing based assay for noninvasive detection of fetal aneuploidy was evaluated on a set of 480 plasma samples from pregnant women at high-risk for fetal chromosomal aneuploidy. Utilizing 449 samples, all 39 trisomy 21 (T21) samples were correctly identified, while one of the 410 euploid samples was misclassified as T21. The overall classification showed 100% sensitivity (95% CI: 89% to 100%) and 99.7 specificity (95% CI: 98.5% to 99%). A total of 31 samples were removed due to insufficient quantity, breakage or failing pre-specified quality control criteria.
What They Do: Sequenom is a life sciences company committed to improving healthcare through revolutionary genetic analysis solutions.
Select Comfort Corporation (Nasdaq: SCSS) $10.49. Announced Wednesday after market close fourth quarter and fiscal 2010 results for the period ended Jan. 1, 2011. Net sales for the quarter totaled $148.7 million, an increase of 9 percent on same-store growth of 12 percent, compared to $136.5 million in the prior-year period. The company reported fourth quarter net income of $7.1 million, or $0.13 per diluted share, compared to net income of $35.3 million, or $0.69 per diluted share, in the prior-year period. On a comparable basis, excluding a valuation adjustment for income taxes, net income per diluted share would have been $0.08 in the fourth quarter of 2009.
Net sales for 2010 totaled $606 million, an increase of 11 percent as compared to $544 million in the prior-year period. The company reported net income of $31.6 million, or $0.57 per diluted share in 2010, compared to net income of $35.6 million, or $0.77 per diluted share, in the prior-year period. On a comparable basis, excluding a valuation adjustment for income taxes and costs associated with a terminated financing transaction, net income per diluted share would have been $0.24 in 2009.
What They Do: Select Comfort Corporation designs, manufactures, markets and supports a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number bed, as well as foundations and bedding accessories.
American Power Corp. (OTCBB: AMPW) $1.17. Announced on February 1, 2011 that it has retained Gryphon Partners ("Gryphon") to act as financial and strategic advisor to undertake a review of various alternatives available to the Company to maximize the untapped value in its coal exploration and development assets.
In 2010, the global coal-mining sector witnessed merger and acquisition transactions worth more than $47 billion through over 968 transactions, the highest number of deals on record. The increased corporate activity in the sector and the strong coal market fundamentals made American Power's board of directors search for an advisor that could help the Company take advantage of this market environment. American Power believes Gryphon's extensive experience in strategic consulting and transaction advisory services to resource companies will help the Company in evaluating all opportunities available, with the objective of further enhancing shareholder value.
"Our Pace Coal Project in Judith Basin County, Montana is of great importance to American Power and its shareholders. With both long-term development potential and substantial exploration upside, the Pace Coal Project represents significant value. We therefore look forward to working with Gryphon to unlock this value for our shareholders," commented Al Valencia, CEO of American Power.
"Gryphon is a leading and globally recognized independent advisory firm with in-depth knowledge of the natural resource markets and possesses a wide network of contacts within major resource corporations on a global basis, particularly in North America, Europe and throughout Asia. Thus, we strongly believe that Gryphon is well-positioned to assist American Power in this mandate," added Mr. Valencia.
What They Do: American Power Corp. is a publicly traded, dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), in several independent studies, range from 172 million up to 410+ million tons of high volatility bituminous B coal.
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