Oculus Innovative Sciences (NASDAQ: OCLS) $2.04 +6.86%. Amneal Enterprises and company announce that Amneal alliance members have formed a broad multi-year collaboration with Oculus to realize the development and commercial potential of Microcyn Technology. The highligts of the deal include: Co will receive $1 mln upfront payment. The cos will combine for mutual exploration of Microcyn-Based drug prospects, starting immediately with acne. With regard to dermatology, Amneal will market current and future Microcyn-Based Dermatology Products in United States and Canada, including recently cleared atopic dermatitis hydrogel. In Chronic Wound Care, Amneal wil co-promote Microcyn-based products to podiatrists.
Oculus Innovative Sciences, Inc. develops, manufactures and markets a family of tissue care products that cure infections, and through a separate mechanism of action, enhance healing while reducing the need for antibiotics. The Company's platform technology, called Microcyn, is a solution of electrically charged oxychlorine small molecules designed to treat a range of organisms that cause disease (pathogens). It makes Microcyn Technology available, both as prescription and over-the-counter products, under its six 510(k) approvals in the United States for use as a medical device in wound cleaning, or debridement, lubricating, moistening and dressing, including traumatic wounds and acute and chronic dermal lesions.
Crosshair Exploration & Mining Corp. (AMEX: CXZ) $2.37 +1.72%. Company has announced the recent appointment of Sonya Atwal as the Chief Financial Officer effective immediately. Ms. Atwal is a certified general accountant and has been controller of crosshair since 2005. She has completed her BBA degree at Southern Alberta Institute of Technology in Accounting and Information Technology.
Crosshair Exploration & Mining Corp. is a mineral exploration company engaged in the acquisition and exploration of mineral properties (primarily uranium, base and precious metals). The Company is focused on the exploration and evaluation of various mineral deposits in North America. As of April 30, 2010, Crosshair focused its exploration activities on properties, such as South Golden Promise, Victoria Lake and Golden Promise properties located in Newfoundland, Canada; Central Mineral Belt properties located in Labrador, Canada; CMB JV Property located in Labrador, Canada, and The Bootheel Project LLC located in Wyoming, the United States.
Leading Brands Inc. (NASDAQ: LBIX) $3.58 -2.19%. Company has announced that its Board of Directors has authorized an increase in its share repurchase program of an additional $500,000 for the purpose of acquiring its outstanding common stock.
Leading Brands, Inc. (Leading Brands) together with its subsidiaries are engaged in beverage bottling, distribution, sales, merchandising, brand development, brand licensing and brand management of beverage products. The subsidiaries of the Company include Leading Brands of Canada, Inc., Blue Beverage Company, Inc. and LBI Brands, Inc.
Eagle Bulk Shipping (NASDAQ: EGLE) $4.22 +0.72%. Company provided an an update to the market concerning Korea Lines decision last month to file for protective receivership. Company is currently owed $7.3 mln of charter hire from KLC, of which $3.00 mln was due and owing prior to KLC filing for rehabilitation on January 25, 2011. Company's management remains in active negotiations concerning the status of its charters with KLC, with the following recent developments: All of company's charters to KLC remain intact, though no charter hire payments are currently being received. Company has been advised by KLC that it expects to receive Court approval in South. With regard to the "Nighthawk," a newbuilding vessel which is due to deliver to KLC later in the first quarter, company and KLC have agreed in principle.
Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with emphasis on the Supramax class of vessels. It owns a fleet of Supramax dry bulk vessel, which range in size from 50,000 to 60,000 deadweight tons. This vessel has the cargo loading and unloading flexibility of on-board cranes while offering cargo carrying capacities approaching that of Panamax dry bulk vessels, which range in size from 60,000 to 100,000 deadweight tons and port facilities to load and offload their cargoes.
AudioCodes Ltd. (NASDAQ: AUDC) $7.26 -5.83%. Company announced its filing of universal shelf registration statement on Form F-3 with the SEC to sell up to $150 mln of ordinary shares warrants and debt securities, either separately or in units. The shelf registration statement also provides for the sale by certain selling shareholders of up to 3,000,000 ordinary shares solely in connection with any future offering by AudioCodes.
AudioCodes Ltd. (AudioCodes) designs, develops and sells products for voice and data over packet networks. The Company's products primarily provide the media gateway element in the network, as well as voice-over Internet protocol (VoIP), end-points, such as Internet protocol (IP) phones and VoIP mobile clients. Multi-service business gateways integrate media gateway functionality with data routing and network access. The media gateways connect legacy and IP networks. AudioCodes categorize its products into two main business lines: network and technology. The Company's products facilitate the transmission of voice, data and fax over packet networks.
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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.
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