Airborne Security & Protective Services (PINK:ABPR) reached up 68.33% in morning trading to $.0101 with 1M shares traded. Airborne Security Corp. is a fully licensed and bonded private security company lead by a senior management team with more than 30 combined years of experience in law enforcement, executive and private security. Airborne Security & Protective Services (Pinksheets:ABPR - News) recently published the 2010 financial statements and its quarterly results through March 31, 2011 and outlined plans for the next year, 2012. Airborne has shown a significant increase in revenue, with receipts increasing from $66,900 for the period ending March 2010 to $1,374,000 for the period ending March 31, 2011. The company has also significantly reduced its convertible debt in part by selling Sorbik's, a non core business affiliated with Quality restaurants. The company was sold for an assumption of some debt.
Black Castle Developments, Inc. (PINK:BDVI) reached up 35.29% in morning trading to $.23 with 150K shares traded. Black Castle Developments, Inc. is focused on the direct acquisition of non-performing notes (NPNs) and the development, operation and management of income-producing commercial and residential distressed properties. The Company was founded by executives with over 20 years of experience in commercial real estate finance, origination, negotiation, and transaction execution. Profiling hundreds of NPNs daily in the $1 trillion U.S. loan marketplace, Black Castle Development's financial deal makers are capitalizing on the unprecedented and opportunistic U.S. real estate market. Black Castle Developments, Inc. (Pink Sheets:BDVI.pk - News) ("BCD") today announced that it has entered into escrow to acquire an over 50-unit apartment complex located in Fresno, CA. The Company previously announced it had entered into a letter of intent agreement to purchase the property for $1 million. The terms of the purchase and sale agreement have been agreed upon between BCD and the bank that owns the property and also a $25,000 deposit has been made into the escrow account at Placer Title.
NeurogesX, Inc. (Nasdaq:NGSX) reached up 22.93% in morning trading to $3.27 with 1M shares traded. NeurogesX® is a San Francisco Bay Area-based biopharmaceutical company focused on developing and commercializing novel pain management therapies. NeurogesX was founded on the concept that the use of prescription strength capsaicin could help manage the pain associated with neuropathic pain conditions. Since its inception, NeurogesX has leveraged its passion to help people with pain to efficiently develop this concept and is now poised to bring its lead product to patients and physicians. In addition, they continue to apply their knowledge and expertise in the development of novel treatments for pain. NeurogesX, Inc. (Nasdaq:NGSX - News) today announced the completion of patient enrollment in its Phase 2 clinical study of NGX-1998, a topical liquid formulation of high-concentration capsaicin, in patients with postherpetic neuralgia (PHN). NGX-1998 is being developed to provide safety, efficacy and tolerability that is at least comparable to Qutenza® (capsaicin) 8% patch with a shorter treatment time. A total of 183 patients were enrolled in the Phase 2 study.
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