Daily Market Movers 03-27-08

FEATURED COMPANY

ALPINE TLI GROUP (OTC: APGR)
"Up 4.76% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/APGR.php

Company Profile: http://www.otcpicks.com/alpine-tli/alpine-tli-2.htm

Alpine TLI Group, Inc. is a full service tax lien and tax deed purchase, research, and property management company. Alpine specializes in identifying and researching properties that have the propensity of creating a highly leveraged investment opportunity through the purchase of real estate tax lien certificates and tax deeds. It is estimated that over $10 Billion in property tax liens are offered for sale annually representing over $1 Trillion in potential property value profits for the purchasers of these tax liens. Tax lien certificates are typically acquired by Alpine for 1% to 20% of the property value. If the lien is redeemed by the property owner, a return of 4% to 25% APR is realized by Alpine. If the lien is not redeemed, the deed to the property is granted to Alpine, free and clear of all encumbrances. More information on Alpine TLI Group is available online at www.AlpineTLIGroup.com.

APGR News:

March 27 - Alpine TLI Group, Inc. Positioned to Attend New Jersey Tax Lien Sales With Anticipated Acquisition of Liens on Real Estate Valued at $12 Million

Alpine TLI Group, Inc. (OTC: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced today that participating in New Jersey tax sales has the potential to yield acquisition of tax liens with a property value of over $12 Million. The sales will be conducted in numerous boroughs and townships over the next several weeks and throughout the month of April.

M. Taylor Abegg, II, Chief Executive Officer of Alpine TLI Group, Inc., stated, "In 2007, New Jersey saw 53,652 foreclosure filings, up 34% from 2006 according to RealtyTrac. We are confidant Alpine will be successful in acquiring a large number of liens on distressed properties in New Jersey."

March 27 - Alpine TLI Group Rated 'Speculative Buy,' Target Price $.32 by Beacon Equity Research

Alpine TLI Group (OTC: APGR) has been rated Speculative Buy with a price target of $.32 by Beacon Equity Research Analyst Lisa Springer, CFA.

The full report is available at http://www.BeaconEquity.com.

In the report, the analyst writes, "Alpine TLI Group, Inc. is a full service tax lien and tax deed purchase, research, and property management business. The Company identifies and researches properties that have the potential for creating highly leveraged investment opportunities through the purchase of real estate tax lien certificates and tax deeds. Alpine generates revenue from two sources: 1) interest and penalty revenue from redeemed tax lien certificates, and 2) profits from sales of liquidated properties that have gone to deed. The Company focuses its acquisition efforts on single occupant residential properties and on vacant land with development potential. These type properties typically represent 50% of all properties offered at tax lien auction."

FEATURED COMPANY

ULTITEK LIMITED (OTCBB: UITK)
"Up 10.00% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/UITK.php

Company Profile: http://www.otcpicks.com/ultitek/ultitek.htm

Ultitek, Ltd., through its wholly owned subsidiary TAIS, has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.

UITK News:

March 27 - Ultitek, Ltd. Installs Electronic Ticketing (ET) Kiosks for Air Union Group

Ultitek, Ltd. (OTCBB: UITK) announced that its wholly owned subsidiary, TAIS, has successfully completed the installation of self serving E-Ticketing (ET) Kiosks for Air Union Group. These installations will represent the first such kiosks in the former Soviet Union. Air Union is the largest independent air line group in the former Soviet Union and looks forward to increased passenger traffic with these installations.

"We are pleased to offer this service to Air Union and we anticipate future installations for other airlines as well as increased revenues and profits," said Roman Price, Chairman and CEO.

FEATURED COMPANY

NEXPLORE CORPORATION (OTC: NXPC)

Detailed Quote: http://www.otcpicks.com/quotes/NXPC.php

Company Profile: http://www.otcpicks.com/nexplore/nexplore.htm

NeXplore Technologies is developing a Web 2.0 search engine and an assortment of social networking portals and tools that will enable users to personalize their Web experience and tailor it to their unique needs, interests, and online pursuits. The Company’s social computing platform, MyCircle.com, offers an enhanced, user-friendly graphical interface search engine, combined with innovative backend technology, which enables users to improve the way they connect with information and other people on the Worldwide Web. MyCircle’s Web 2.0 interface provides users with an online tool for sharing their Blogs, Voice-Over IP, photos and documents, podcasts and videocasts, classified advertising, instant messages, SMS text messages, Chat and personal profiles.

NXPC News:

March 25 - NeXplore Search Ramps Up

Marketing Initiative Targets 10,000,000 Unique NeXplore Searchers

NeXplore Corporation (OTC: NXPC) announced the launch of an aggressive marketing initiative to drive adoption of NeXplore Search (www.NeXplore.com), the company's recently launched Web 2.0 search engine optimized for a superior end-user experience, rich-media display and social network integration. The company's goal is to attract 10,000,000 unique visitors to NeXplore Search by the close of third calendar quarter this year.

As a central component of the NeXplore Search ramp-up initiative, the company plans to send 30 million personalized electronic invitations per month enticing demographically targeted end users to try out the new search engine. NeXplore has also launched a revenue-sharing program for partnering with select high-traffic Web destinations that will embed NeXplore Search into their Web properties. Lastly, to complement its invitation and partnership programs, NeXplore plans to acquire high traffic internet destinations as well as generate millions of visitors through advertising on an array of strategically identified online networks.

Scott Grizzle, chief marketing officer for NeXplore Corporation, commented, "NeXplore Search Public Beta has been live for three months now. From the user feedback we've received thus far, we're convinced that people who give NeXplore Search a shot will find the experience very refreshing and rewarding. We're entering a new, steep growth phase. NeXplore Search is ready to scale, and we're going to take bold and creative measures to get the word out."

The NeXplore Search ramp-up initiative adds to the company's brand-building campaign:

• An exclusive sponsorship of the NeXplore ShockWave Jet Truck, a Peterbilt modified with three Pratt & Whitney jet engines that races planes in air shows across the country and is capable of speeds up to 376 mph.
• A long-standing, recently expanded partnership with Arena Media Networks whereby a series of 45-second video ads showcasing signature features of NeXplore Search ran throughout the 2007 baseball season on hundreds of AMN's 50-inch digital plasma displays strategically located in high-traffic areas of twelve Major League Baseball stadiums, including premium venues such as Fenway Park, Yankee Stadium, and Wrigley Field. AMN will continue to run NeXplore ads at eleven National Basketball Association and National Hockey League arenas across the country during the 2008 NBA and NHL seasons.

Estimates from ADC Group, NeXplore's marketing partner for the ShockWave sponsorship, show that, including press coverage, the NeXplore ShockWave Jet Truck sponsorship generated more than 43 million high-impact impressions over the course of the 2007 air show season; and AMN provided estimates that the NeXplore AMN ads during the 2007 MLB season generated more than 13 million impressions. NeXplore anticipates generating an estimated additional 78 million quality impressions with a key demographic as its AMN ads continue to run throughout the remainder of the 2008 NBA and NHL seasons.

FEATURED COMPANY

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)
"Up 12.50% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php

Company Profile: http://www.otcpicks.com/biomagnetics/biomagnetics.htm

Biomagnetics Diagnostics Corporation, through its wholly owned subsidiary Biospectrum Technologies, Inc., a company that has designed and patented revolutionary diagnostic equipment and immunoassays, will identify market inadequacies and fill those needs with new technologies and highly specific and sensitive assays that are qualitative (yes/no) and quantitative (viral load/degree of infection), easily performed and cost effective. For more information, visit www.biomagneticsbmgp.com.

BMGP News:

March 26 - Biomagnetics to Form Separate Company for Chinese and Asian Operations

Biomagnetics Diagnostics Corp. (OTC: BMGP) announced that they are sending a representative to mainland China to meet with Government sponsored fund managers overseeing the development of Chinese based high-tech companies. On the table is a joint venture to further develop and market Biomagnetic’s proprietary technology through a separate Chinese based public company which would be partially owned by Biomagnetics and their shareholders.

The company has patented a revolutionary diagnostic system that will detect the presence of any pathogen (including HIV) and delivers test results in minutes (not days or weeks) at a fraction of the cost of other testing alternatives.

“We are very interested in this new program the Chinese government is setting up; it falls within our international corporate development strategy,” said Clayton Hardman, President and CEO of Biomagnetics Diagnostics Corp. “To pursue this and other Asian opportunities we will be forming a separate Chinese Corporation (a subsidiary of Biomagnetics Diagnostics) to establish a functioning presence in China. It is our intention to apply to the Shenzhen or Hong Kong stock exchange for trading of the new company’s shares, and if successful, distribute a portion of Biomagnetics’ shares in the new company to our shareholders through a spinoff stock dividend (subject to market conditions, successful completion of the project and conformity with SEC Regulations).”

The Company defines its markets for the first line of products as public, private laboratories and blood banks. The Chinese deal is an important part of the world marketing plan for Biomagnetics; the world market size for manufacturing alone is $25 billion and the US retail market is $37 billion.

Mr. Hardman also noted that the previously announced negotiations to purchase an interest in Tianjin Automatic Science & Instrument Co. LTD. would be further enhanced by the creation of the new subsidiary. Tianjin Auto Science has been in business over 15 years. By acquiring an interest in Tianjin Auto Science, Biomagnetics Diagnostics will gain access to over 1,250 distributors, a laboratory client base of 10,000 and skilled manufacturing in the business community's most exciting markets.

FEATURED COMPANY

INCA DESIGNS INCORPORATED (OTC: IDGI)

Detailed Quote: http://www.otcpicks.com/quotes/IDGI.php

Company Profile: http://www.otcpicks.com/inca-designs/inca-designs.htm

Inca Designs Inc. designs, sources and sells high fashion designer swimwear, resort wear and accessories for the wholesale and retail markets under the brand names Inca, Incagirl, Incabag and Inca Junior. This New York-based swimwear and resort wear designer markets its apparel through nearly 100 upscale department and specialty stores, including Barneys New York, Bergdorf Goodman, Saks Fifth Avenue and Neiman Marcus. Inca branded apparel is sold in South America, Europe, Asia, the Middle East and the Caribbean.

IDGI News:

March 26 - SmallCap Sentinel: Fashion Industry and Research Report Released by Beacon Equity

Leading small cap analysts Beacon Equity Research have issued a report focusing on Inca Designs Inc. (OTC: IDGI). The report will feature detailed information regarding Inca and the fashion industry as it applies to this equity and is of interest to investors of companies including Jones Apparel Group, Inc. (NYSE: JNY), True Religion Apparel, Inc. (NASD: TRLG), and Abercrombie & Fitch Co. (NYSE: ANF).

To view the report in its entirety, visit:

http://www.beaconequity.com/index.php?
option=com_content&task=view&id=934&Itemid=62

Registration to access the information including a price target for IDGI is free of charge.

“We're pleased to bring this information to investors worldwide,” stated Jeff Bishop, Editor of Beacon Equity Research. “We believe that this insightful research authored by our seasoned analysts will provide readers with a qualified perspective on this industry as well as amplify understanding of companies within the sector.”

STOCKS TO WATCH

AVANIR PHARMACEUTICALS (NASD: AVNR)
"Up 2.70% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/AVNR.php

Avanir Pharmaceuticals, a pharmaceutical company, focuses on developing, acquiring, and commercializing therapeutic products for the treatment of chronic diseases. Its products and product candidates address therapeutic markets, including the central nervous system, inflammation, and infectious diseases. The company's lead product candidate Zenvia is being developed for the treatment of pseudobulbar affect (PBA), also known as involuntary emotional expression disorder. Zenvia also completed Phase III clinical trial in patients with diabetic peripheral neuropathic (DPN) pain. The company has also licensed a compound to Novartis International Pharmaceutical, Ltd. for the treatment of inflammatory disease. In addition, the company's commercialized product, Abreva is an over-the-counter product for the treatment of cold sores and is marketed in North America by GlaxoSmithKline Consumer Healthcare. Further, it is using its Xenerex technology to develop human monoclonal antibodies for use as prophylactic and therapeutic drugs to prevent or treat anthrax and other infectious diseases. The company was founded in 1988 and is headquartered in Aliso Viejo, California.

AVNR News:

March 25 - AVANIR to Raise $40.0 Million to Fund Zenvia Through Clinical Development and Regulatory Approval

AVANIR Pharmaceuticals (NASD: AVNR) announced that it has obtained commitments from a select group of institutional investors led by ProQuest Investments and joined by Clarus Ventures, Vivo Ventures, and OrbiMed Advisors to raise gross proceeds of $40.0 million in a registered direct offering. At closing, AVANIR will issue an aggregate of approximately 35.0 million shares at a price of $1.14 per share unit (the market closing bid price as of March 26, 2008 plus a nominal amount for warrants) with 35% warrant coverage. The warrants, which represent the right to acquire up to approximately 12.2 million shares, are exercisable at 125% of the offering price and have a 5 year exercise term. Net offering proceeds are expected to be approximately $37.9 million. The transaction is expected to close on or about April 4, 2008, subject to customary closing conditions. Piper Jaffray & Co. served as the sole placement agent.

The proceeds from this transaction will be used to complete the confirmatory Phase III STAR trial of the investigational drug Zenvia™ (dextromethorphan/quinidine) and submit a complete response to the U.S. Food and Drug Administration (FDA) approvable letter for the pseudobulbar affect (PBA) indication. Top-line PBA data from the STAR trial are expected in the second half of calendar year 2009 with a complete response expected to be submitted to the FDA in the first half of calendar year 2010. Proceeds will also be used for general working capital.

The shares are being offered pursuant to the Company’s registration statements on Form S-3 declared effective by the U.S. Securities and Exchange Commission (SEC) on August 3, 2005 and February 8, 2008, respectively. The offering is being made by means of a prospectus and prospectus supplement available from the AVANIR website at www.avanir.com/ or from the SEC at www.sec.gov/. Copies of the prospectus supplement for this offering are available by writing to the Company at 101 Enterprise, Suite 300, Aliso Viejo, California 92656 or by calling the Investor Relations department at (949) 389-6700.

ITRONICS INCORPORATED (OTCBB: ITRO)
"Up 32.69% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/ITRO.php

Itronics, Inc., through its subsidiaries, operates as an environmental process technology company in the United States. It operates through two segments, GOLD'n GRO Fertilizer and Mining Technical Services. The GOLD'n GRO Fertilizer segment offers fertilizer manufacturing, photochemical recycling, and silver refining services. The Mining Technical Services segment provides mineral project planning and technical services to the mining industry. This segment offers technical services in the areas of mining, geology, mining engineering, mineral economics, material processing, and technology development to the U.S. and foreign mining companies, public utilities, state agencies, the United Nations and the World Bank. It operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Rhode Island, Washington, and Utah. The company was founded in 1987 and is based in Reno, Nevada.

ITRO News:

March 27 - Itronics Receives GOLD'n GRO Guardian Deer Repellent Registration From the U.S. Environmental Protection Agency

Itronics Inc. (OTCBB: ITRO) (Frankfurt: ITG.F) (Berlin: ITG.BE) reported that its wholly owned subsidiary Itronics Metallurgical, Inc. has received label registration for GOLD'n GRO Guardian deer repellent from the U.S. Environmental Protection Agency (EPA).

With notification of registration of GOLD'n GRO Guardian deer repellent, registration statements will be filed in Nevada and Northeastern states where the Company plans to start marketing the deer repellent. Plans are being implemented for manufacturing, marketing, and sales launch in May, 2008.

"Receipt of this bio-pesticide label registration is the result of several years of intensive, successful product development," said Dr. John Whitney, Itronics President. "This opens another important avenue for internally generated growth for Itronics, and represents a significant extension of the Company's proprietary GOLD'n GRO nutrient delivery technology."

The GOLD'n GRO Guardian registration, manufacturing, and sales will expand the GOLD'n GRO brand into another important market segment, which is expected to further broaden the customer base and increase the rate of sales growth. Earlier this year the Company completed a detailed deer damage study which indicates that deer damage in suburban America is in the $5 billion range and that sales of its GOLD'n GRO Guardian deer repellent could top $200 million annually.

Itronics' continuing expansion is a result of years of research and development that has made its innovative vertically integrated photochemical recycling technology that completely converts the waste stream to pure silver, and its high quality GOLD'n GRO brand of environmentally compatible fertilizers a success.

HOT WEB INCORPORATED (OTC: HWBI)
"Up 366.67% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/HWBI.php

Hot Web, Inc. is engaged in the business of consigning "big ticket" transportation related items through its diversified presences, both online and offline. The Company's mission is to "change the way the world buys and/or bids online" by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and 'Fraud Free' way to conduct online/offline commerce. The company utilizes both its internal certified regional representative base in addition to online third-party marketing tools like eBay Motors and others to attract and market vehicle listings. The Company's current portfolio of niche-focused online businesses consists of www.hotautoweb.com, www.hotboatweb.com, www.hotcycleweb.com, www.hotrvweb.com and www.hotplaneweb.com. The company is also currently developing other Hot Web branded online business units to complement its current roster.

HWBI News:

March 27 - Hot Web, Inc. Announces Elimination of Legacy Debts and Capital Restructuring

Hot Web, Inc. (OTC: HWBI) announced that the Company has successfully eliminated approximately $1.6 Million in "legacy" debt that was incurred by Snap 'N Sold Corporation, Hot Web's predecessor company, in an effort to prepare Hot Web, Inc. for future financial audits, fully-reporting listing status and growth of its businesses.

Hot Web Chairman & CEO, George Stevens, stated, "When we hired the legal firm of Ater Wynne LLP in the third quarter of 2007 and began working with them to prepare to become a fully reporting public company, we thoroughly reviewed the outstanding liabilities of Hot Web. Speaking with debt holders, it became readily apparent that some of the debts incurred by the former management team of Hot Web's predecessor, had to be dealt with in order to give the company a fighting chance to succeed moving forward. The overhang from these previous debts would stymie the ability to finance the company responsibly into the future. Unfortunately, it took us nine months to negotiate applicable solutions, but that process has now been completed."

Under current Hot Web management, the Company reached a restructuring agreement with existing debt holders that eliminated $1.6mm of the Company's debts and debentures. The restructuring agreement also provided for an additional equity-based capital infusion of $500,000 for ongoing expansion and marketing of the Company's businesses. In consideration for this $2.1 Million conversion of debt and increase in net equity, the various debt holders and investors will receive 200,000,000 newly issued restricted common shares of Hot Web at a cost basis of $.0105 — a 3500% premium to yesterday's closing price for Hot Web's common shares.

Pursuant to the restructuring, the capital structure of Hot Web is as follows: Officially, there are currently 750 Million shares Authorized with 454,887,086 shares Issued and Outstanding. Internal estimates of the "tradable" float remain — otherwise known as shares within the DTC system — at approximately 191,592,711.

Stevens continued, "Not only were we able to eliminate the debt under favorable terms, but we were also able to improve the capital position of Hot Web. After lengthy discussions with Hot Web's management team and a comprehensive review of the Company's business plan and operating models, the cost basis that the debt holders and investors accepted under this agreement truly shows the potential they believe Hot Web possesses."

PEAK INTERNATIONAL LIMITED (NASD: PEAK)
"Up 29.87% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PEAK.php

Peak International Limited engages in the design, production, and supply of precision engineered packaging products for the storage, transportation, and automated handling of semiconductor devices and other electronic components. It primarily produces matrix and disk drive trays, carrier tapes, disc caddies, and reels, as well as collects and sells recycled matrix trays and reels. The company's products are used for the storage and transportation of semiconductor devices, as well as other electronic components, such as read-write heads for disk drives, connectors, resistors, and capacitors. It serves semiconductor companies, disk drive manufacturers, and subcontract assembly and test companies, as well as manufacturers of disk drives, connectors, sockets, resistors, capacitors, and other types of electronic components in Asia, North America, and Europe. The company was founded in 1992 and is based in Tsuen Wan, Hong Kong. It also has offices in the People's Republic of China, the Philippines, South Korea, Italy, Taiwan, Singapore, Malaysia, and the United States.

PEAK News:

March 27 - S&G Company, Ltd. Announces Agreement to Acquire Peak International Limited

S&G Company, Ltd., a leading supplier of plastic extrusion and thermoform molded products for the semiconductor industry, and Peak International Limited (NASD: PEAK), a leading supplier of precision-engineered packaging products, jointly announced today that they have signed a definitive agreement for S&G to acquire Peak, in an all cash transaction valued at approximately $24.8 million.

Under the terms of the amalgamation agreement, all of the outstanding shares of Peak will be acquired by S&G and Peak stockholders will receive $2.00 per share in cash for each Peak share.

The amalgamation agreement has been approved by the Boards of Directors of each company and the transaction is expected to close in the second quarter of 2008, subject to the approval by the Peak stockholders and other customary closing conditions.

Peak will augment S&G's existing product portfolio and enhance S&G's reach in precision engineered plastics markets.

"We are very pleased to have Peak become part of the S&G team. Peak's management has built a strong portfolio of products. We believe that combining Peak's businesses with those of S&G offers significant synergies as well as additional scale to S&G. Together we believe we will be able to capitalize on the combination and offer customers the best in class elements from each business and utilize them through the rest of our businesses," said Mr. Sungyuk Won, President of S&G.

"We are pleased to become part of S&G, a premier company in the semiconductor industry. S&G has demonstrated technology leadership and growth in its core businesses," said Mr. Dean Personne, President and Chief Executive Officer of Peak. Houlihan Lokey served as financial advisor to Peak on the transaction.

STEADFAST HOLDINGS GROUP (OTC: STHG)
"Up 23.68% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/STHG.php

Steadfast Holdings Group, Inc., through its subsidiary, Stead-fast Custom Linings, LLC, provides aftermarket products and services used specifically in the light truck market. Its products include Masterack and Crown North America lines that customize light duty vans and trucks for commercial applications for plumbers, electricians, HVAC, telecom, and other light duty applications. The company also has license to sell other products, which include tool boxes, nerf bars, tube steps, running boards, rack systems, rail caps, Tonno covers, fender flares, grilles, visors, bug shields, roll-up covers, side rails, mud guards, floor mats, lights, hitches, stainless steel accessories, and lift kits. The company's products and services are directly marketed to individuals and truck dealerships. Steadfast Holdings Group was founded in 1999. It was formerly known as Beere Financial Group, Inc. and changed its name to Steadfast Holdings Group, Inc. in October 2007. The company is based in West Palm Beach, Florida.

STHG News:

March 26 - Steadfast Holdings Group, Inc. Announces Opening of Deerfield, Florida Retail Store

Steadfast Holdings Group, Inc. (OTC: STHG) announced that it has entered an agreement whereby a licensee will open a new retail store in Deerfield Beach, Florida by the end of March. The store will be located at 1098 SW 1st Way, Deerfield Beach, FL 33441 (954-425-8377). This store adds to the list of previously announced Florida retail store locations that will open this year and be operated by the Company or licensees.

John Calash, CEO of Steadfast Holdings Group, Inc., added, "This opening is further evidence that we are on track to open 50 new locations nationwide by the end of 2008 either directly or through licensees. We are especially delighted with this Deerfield Beach location in that it is located in the heart of the rapidly expanding beautiful metropolitan area that spans from Miami to West Palm Beach, and that it is in an area where the demographics of the consumers, and the population of trucks, strongly indicates the store should achieve a quick return-on-investment, strong profitability and cash flow for both the licensee and us as well."

NOVELOS THERAPEUTICS (OTCBB: NVLT)
"Up 15.09% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/NVLT.php

Novelos Therapeutics, Inc., a biopharmaceutical company, commercializes oxidized glutathione-based compounds for the treatment of cancer and hepatitis in the United States. Its products in development include NOV-002, which acts as a chemoprotectant and an immunomodulator; and NOV-205, which acts as a hepatoprotective agent with immunomodulating and anti-inflammatory properties. NOV-002, a small-molecule formulation of a natural metabolite, is in Phase III development for lung cancer, as well as in Phase II development for chemotherapy-resistant ovarian cancer and early-stage breast cancer. NOV-002 is also being developed for acute radiation injury. NOV-205, a small-molecule formulation of oxidized glutathione and inosine, is in Phase Ib development for the treatment of chronic hepatitis C. Novelos Therapeutics is based in Newton, Massachusetts.

NVLT News:

March 27 - Novelos Therapeutics Announces $5 Million Private Placement

Novelos Therapeutics, Inc. (OTCBB: NVLT), a biopharmaceutical company focused on the development of therapeutics to treat cancer and hepatitis, announced that it has entered into a definitive agreement with existing institutional investors to raise $5 million in gross proceeds through the sale of shares of a new series of its convertible preferred stock and warrants to purchase its common stock. Novelos has agreed to sell 100 shares of Series D convertible preferred stock, having a stated value equal to $50,000 per share, a cumulative annual dividend of 9% of stated value and a conversion price of $0.65 per share of common stock. The investors will also receive warrants, callable in certain circumstances, expiring in five years to purchase an aggregate of 3,846,151 shares of common stock at an exercise price of $0.65 per share. The transaction is expected to close within two weeks, subject to the satisfaction of certain closing conditions.

The institutional investors are Xmark Opportunity Funds, OrbiMed Advisors, Knoll Capital and Hunt BioVentures. Rodman & Renshaw, LLC, a subsidiary of Rodman and Renshaw Capital Group, Inc. (NASD: RODM) is serving as an exclusive placement agent, and will receive a cash fee at the closing of the transaction. The preferred stock and warrants will be issued in a private placement transaction under Regulation D of the Securities Act of 1933 and have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from the registration requirements. Novelos has agreed to file a registration statement with the SEC covering resales of the common stock issuable upon conversion of the newly issued shares of preferred stock and upon exercise of the warrants. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

“We are very pleased to have these excellent institutional investors continue to support Novelos, providing funds for our current development programs into late-2008,” said Harry Palmin, President and CEO of Novelos. “Additional monies may come later this year from our ex-US partnering initiative or warrant exercises. Fundamentally, we expect data from the Phase 2 ovarian cancer trial next week and the Phase 2 breast cancer trial next quarter, and conclusion of our pivotal Phase 3 lung cancer trial in mid-2009.”

TELAVA NETWORKS INCORPORATED (OTCBB: TLVA)
"Up 16.67% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/TLVA.php

Telava Networks, Inc. provides fixed and mobile WiMAX broadband solutions to residence customers, small and medium businesses, public safety organizations, schools, and local and state governments in the United States. It operates in four divisions: Telava Wireless, Telava Towers, Telava Marketing, and Telava Spectrum. Telava Wireless division owns 40 carrier-grade micro-wave tower assets in 18 states; and operates a 24/7 network operating center located in San Francisco, California. Telava Towers division has 86 carrier-grade micro-wave tower assets in 22 states, as well as holds strategic alliance partnerships to access approximately 1,000 microwave towers. Telava Marketing division provides online business directory services and has strategic partnerships with Verizon, AT&T, and Ameritech. Telava Spectrum division leaseholds 2.3 GHz spectrum with a nationwide portfolio of approximately 92 mm population in 23 additional markets; and holds strategic partnerships with AT&T, Korea Telecom, PosData, InfoMark, and the Korea Ministry of Information and Communications. In addition, the company offers advertising and directory listings to small and medium sized businesses on its Web site in a ?Yellow Pages' format. As of December 17, 2007, it owned a wireless broadband network covering approximately 45 cities and towns in 22 states. Telava Networks, Inc. was founded in 2003 and is headquartered in San Francisco, California.

TLVA News:

March 26 - Telava Appoints Lino G. Morris to Its Board of Advisors

Telava (OTCBB: TLVA) announced that the Company has appointed Lino G. Morris to Its Board of Advisors.

Mr. Morris, a well respected name around the world in both telecommunications and technology, has served in the private and public sectors for over 40 years. From 1996 until 2005 he was the founder and CEO of the WorldHub group of companies, which provided a full range of telecommunications operations, products and facilities serving hundreds of international and domestic carriers. "Lino," as he is known globally, started from a single base in Miami and expanded to operational facilities in New York and London, which served as a hub to over a hundred countries.

Most recently Lino served as Director of Exchange Services for a large European group that owns one of the largest and newest fiber networks in Europe, covering some 300 locations in 16 countries. He then sold one of his businesses to a public global media and communications company in which he became an officer and is also a partner in a domestic tower company, with a tower network covering 22 states. Lino has been head of a number of major technology projects in the Middle East, Switzerland, Brazil, England, France, Mexico as well as the USA.

Earlier in his career, Lino was the head of Engineering Sciences, which designed and manufactured hundreds of large specialty and mobile communication units for use around the world. In the 1960s, during the early days of the missile program, he served as a Science Correspondent at Cape Kennedy. His award winning work includes a number of articles and hundreds of radio and TV broadcasts on science issues.

Baldwin Yung, President and CEO of Telava Networks, Inc., commented, "We at Telava are grateful and confident that having Mr. Morris on board as one of the members of our Advisory Board will add tremendous value to Telava and will spur the growth of our Company."

LJ INTERNATIONAL INCORPORATED (NASD: JADE)
"Up 19.67% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/JADE.php

LJ International, Inc. and its subsidiaries engage in the design, manufacture, marketing, distribution, and retail of precious and color gemstones, as well as diamond jewelry. It specializes in offering colored jewelry, which includes pieces set in yellow gold, white gold, platinum, or sterling silver; and adorned with colored stones, diamonds, pearls, and precious stones. The company's product line includes earrings, necklaces, pendants, rings, and bracelets. It distributes its products to fine jewelers, department stores, national jewelry chains, and electronic and specialty retailers in North America and western Europe. The company also involves in the retail of jewelry through the ENZO brand in the Asia Pacific region. In addition, it owns commercial and residential properties in Hong Kong, which are held primarily for lease. LJ International was founded in 1987 and is based in Hung Hom, Hong Kong.

JADE News:

March 27 - LJ International Announces Receipt of Nasdaq Compliance Letter Which Continues the Listing of Its Shares on Nasdaq

LJ International Inc. (NASD: JADE) (LJI), a leading jewelry manufacturer and retailer, announced that the Company has received a Compliance Letter from the Nasdaq Listing Qualifications Panel (the "Panel") on March 26, 2008 based upon the Company's recent proxy solicitation and the convening of its annual shareholder meeting on March 14, 2008.

The Compliance Letter from the Panel confirmed that the Company has demonstrated compliance with all Nasdaq Marketplace Rules and, accordingly, the Panel has determined to continue the listing of the Company's securities on The Nasdaq Stock Market.