SEARCHLIGHT SOLUTIONS LIMITED (OTC: SLLN) "Up 25.00% in morning trading"
Searchlight Solutions Ltd. is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.
ELITE PHARMACEUTICALS INC. (OTCBB: ELTP) "Up 19.00% in morning trading"
Elite Pharmaceuticals, Inc. develops oral sustained and controlled release products. Elite's strategy includes assisting partner companies in the life cycle management of products to improve off-patent drug products and developing generic versions of controlled release drug products with high barriers to entry. Two of Elite's products, Lodrane 24® and Lodrane 24D®, are marketed by a partner, ECR Pharmaceuticals, for allergy treatment. Elite's lead pipeline products are novel sustained release oral formulations of oxycodone for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Both products, ELI-216, a once-daily abuse resistant oxycodone, and ELI-154, a once-daily oxycodone, are in late-stage development. Elite, with partners, also has an ANDA filed with the FDA for a generic equivalent of a pain product and has a generic gastrointestinal drug product in clinical development. Elite operates a GMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ.
COSI INCORPORATED (NASDAQ: COSI) "Up 22.06% in morning trading"
Cosi, Inc. owns, operates, and franchises premium convenience dining restaurants. The company offers squagels, sandwiches, bagels, salads, soups, appetizers, melts, flatbread pizzas, S’mores, and other desserts; coffees and other espresso-based beverages, seasonal fruit smoothies and specialty drinks, soft drinks, flavored teas, and bottled beverages, such as still and sparkling waters; and alcoholic beverages, which include beer and wine. Its restaurants also provide catering services for the breakfast and lunch day parts. As of May 13, 2010, the company had 86 Company-owned and 57 franchise restaurants operating in 18 states, the District of Columbia, and the United Arab Emirates. Cosi, Inc. was founded in 1994 and is based in Deerfield, Illinois.
CHINA NUVO SOLAR ENERGY (OTC: CNUV) "Up 15.38% in morning trading"
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
About OTCPicks.com
OTCPicks.com, one of the leading penny stock Web sites, presents its daily Stocks to Watch and Midday Market Movers every weekday. In addition to all the latest penny stock news, OTCPicks also offers daily newsletters, unique commentaries and free profiles, alerts and investing tips.
The stocks presented above are available in OTCPicks.com's Free Daily Email Newsletter. For daily penny stock alerts CLICK HERE.
Disclosure: OTCPicks.com has not been compensated by any of the companies covered in this release.
