Monday, November 16th
SNBP, VGPR, QMCI, AMNP, BMGP
VKNG, CSLI, NLST, MTCH, SRSR, PDMI
Our Stocks to Watch today include Sinobiopharma Inc. (OTCBB: SNBP), Vega Promotional Systems Inc. (OTC: VGPR), QuoteMedia Inc. (OTCBB: QMCI), American Sierra Gold Corp. (OTCBB: AMNP), Biomagnetics Diagnostics Corp. (OTC: BMGP), Viking Systems Inc. (OTCBB: VKNG), Critical Solutions Inc. (OTC: CSLI), Netlist Inc. (Nasdaq: NLST), MATECH Corp. (OTCBB: MTCH), Sarissa Resources Inc. (OTC: SRSR) and Paradigm Medical Industries Inc. (OTCBB: PDMI).
SINOBIOPHARMA INCORPORATED (OTCBB: SNBP)
"Up 13.89% in morning trading"
Sinobiopharma, Inc. is a fully integrated and highly innovative specialty biopharmaceutical company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world's fastest growing pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical Co., Ltd. in China, the Company's current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs.
November 16 -
Sinobiopharma has Production Rights to 23 Drugs Listed in China's National Essential Drugs List
All Drugs on List to be Covered by Basic Government Insurance That Will Cover 90 Percent of China's Population
Sinobiopharma, Inc. (OTCBB: SNBP) announced that 23 generic drugs for which the Company has production rights are listed in China's National Essential Drugs List, which covers pharmaceuticals used to treat up to 80 percent of the most common diseases in China.
According to the Chinese government's healthcare reform plan, 90 percent of China's citizens will be covered by a universal healthcare system by the year 2010. Under the plan, drugs on the National Essential Drugs List (the "List") will be purchased by various levels of government first, then distributed to medical facilities. All drugs on the List will be covered by the basic insurance plan supported by the government. The plan also calls for medical facilities to be upgraded, which includes the construction of 30,000 new hospitals, clinics and care centers across China.
"While Sinobiopharma is primarily focused on the development, production and distribution of "me-too/me-better" branded new or generic drugs with high margins, the inclusion of 23 generic drugs for which the Company owns production rights on the National Essential Drugs List, will enable us to increase both sales and margins," said Dr. Lequn Lee Huang, Sinobiopharma President and CEO. "We expect that this new advantage in the marketplace will also enable the Company to enhance our ability to improve return on investment for shareholders in 2010."
VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)
"Up 21.67% in morning trading"
Vega Biofuels, Inc. (VGPR) was formed to pursue the production and sale of biofuel products throughout the world. With the growing need for clean energy, and the uncertain costs of fossil fuels, power generating plants around the world are looking at more useful and economical methods to run their power systems.
November 13 -
Vega Issues Update to Shareholders
Vega Promotional Systems Inc. (OTC: VGPR) issues the following update to shareholders:
The Company is proud to announce that its Board of Directors has approved a move from the Pinksheets to the OTCBB. The Company is currently interviewing accounting firms to handle the audit associated with the move and hopes to have a firm secured in the next few days and will provide further updates as this matter progresses.
As announced earlier, the past few months have been an extremely busy time for the Company. We are now seeing results from the hard work that was done earlier in the year on the various projects we are working on. We've also made critical additions to our management team.
The addition of Robert Chew to assist in redesigning the Green Valley Project has moved that project to the forefront of the Company's plans. Mr. Chew has been working with various vendors that can provide the necessary generator sets for the project and has chosen the company and type of generator sets that will be installed on the western Indiana land recently leased by the Company directly above the Green Valley Mine. We will have an announcement next week that will provide details of the vendor agreement and timeframe for installation.
The Green Valley Project is a very unique energy project that uses coal bed methane gas to run large natural gas reciprocating engine generator sets that are already on site. The electricity that is produced will then be sold to the local power company at a profit. This is not a developmental stage project. The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Green Valley Mine as a sole source fuel to run the generator sets.
We also recently announced plans to build a manufacturing plant in the State of Georgia to produce biomass products and bio-diesel products for power generation units. The site for the manufacturing plant has been chosen and we will be posting pictures of the site on our website as soon as possible. When completed, the fuel pellet manufacturing facility will capitalize on the abundance of biomass in Georgia's Bioenergy Corridor. As mentioned earlier, a recent Forbes Magazine article ranked Georgia third in the nation as a potential source of renewable energy. When completed, the Georgia plant would have the capacity to produce several hundred thousand metric tons of biomass fuel pellets annually.
The Company has applied for a grant from the State of Georgia under the federal State Energy Program to help fund the construction of the manufacturing plant. The U.S. Department of Energy announced July 7, 2009 that Georgia will receive $32.9 million in federal money to support energy efficiency and renewable energy projects across the state. The money is part of a total of nearly $82.5 million the department will award Georgia as part of the federal State Energy Program. Georgia's proposal outlined plans for increasing the use of renewable energy and reducing greenhouse gas emissions. The state will get more than $41 million in additional funding upon demonstrating successful implementation of the plan that will create green jobs, address state energy priorities and adopt emerging renewable energy and energy efficiency technologies; all services that are provided by Vega.
The Company's name change to Vega Biofuels, Inc. has also been completed.
QUOTEMEDIA INCORPORATED (OTCBB: QMCI)
Inc. is a leading software developer
and provider of real-time streaming financial market
information, decision-support, news and research solutions
to brokerage, financial services companies, business
and media corporations. Among its many leading-edge
products lines, the Company offers data feeds, news,
dynamic market content solutions, interactive stock
research tools, financial applications and real-time
wireless applications. QuoteMedia provides data and
services for companies such as the NASDAQ, the OTCBB,
Dow Jones & Company, Forbes.com, Scotia Capital,
Business Wire, Southwest Securities, Regal Securities,
FBR Direct, Broadridge Financial Solutions, Inc.,
AIM Trimark, Zacks Investment Research, ChoiceTrade,
QTrade, Schaeffer's Investment Research, Automated
Financial Systems, WallStreet*E, and others. For more
information, visit www.quotemedia.com.
November 12 - QuoteMedia Reports Third Quarter Results
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three and nine months ended September 30, 2009. These results reflect a 1% increase in third quarter revenue, to $1,910,884 from $1,888,279 in the comparative period in 2008. Revenue for the nine months ended September 30, 2009 increased 7%, to $5,658,444 from $5,300,350 in the comparative period in 2008.
“As forecasted, the global recession moderated QuoteMedia's revenue growth during the first three quarters of 2009,” says Keith Guelpa, President of QuoteMedia, Inc. “The downturn, however, has presented opportunities as the added pressure on financial sector firms to find more efficient and cost effective solutions to their data and technology needs has opened many new doors for QuoteMedia’s offerings. While we have suffered the loss of some smaller clients who have shrunk or ceased operations as a result of the negative market conditions, larger prospective new clients have been approaching us about replacing their current solutions. These larger opportunities generally take extended periods to close and to produce revenue streams, given the scale of the contemplated deployments and the time required to terminate their existing provider contracts. Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, continued to garner increasing interest and broader market penetration during the 3rd quarter, with an increasing number of new client firms preparing for their initial rollout. Additionally, the company is in various stages of discussion and negotiation with respect to several large scale enterprise deployments of a wide range of our other product offerings. At a time when most of our competitors are struggling, discontinuing product lines, laying off staff and experiencing significant declines in revenues, we are pleased to see that we are not only weathering the storm, but strengthening and expanding. Given the opportunities we are seeing, and the inroads we’ve made so far this year, we expect strong revenue growth in 2010.
“We experienced a loss for the third quarter of $155,365 compared to a loss of $153,873 in the comparative quarter. The loss for the nine months ended September 30, 2009 was $556,490 compared to a loss of $869,550 in the comparative period. This represents a 36% improvement in operating results for the nine month period. In view of the economic conditions confronting our industry during 2009, we are satisfied with our performance to date, and we believe that we continue to be on target to meet our long term objectives.”
AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)
American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website at www.americansierragold.com.
November 10 -
American Sierra Gold Corp. Signs LOI to Acquire Copper-Gold-Silver Project
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announced that it has signed a Letter of Intent to acquire a 100% interest in the Carol Project located in southern Sonora State, Mexico.
The Carol Project
The Carol property is comprised of six mineral concessions that cover 1,868 acres. It is located approximately 2 miles north of Frontera Copper Corp.'s Piedras Verdes copper porphyry mine, which is currently producing and has a reported proven and probable reserve of 191 million tonnes grading 0.36% copper.
The property is host to three distinct mineralized targets: the bulk tonnage-style Balde copper-zinc-gold-silver skarns, the Escondida shear zone and high-grade epithermal vein-hosted silver and gold.
The Balde Norte skarn is exposed over an area at least 700m long by 180m across, whereas the larger Balde Sur skarn target is exposed over an area that measures 1,100m by 400m. Small gambusino-style workings occur at the northern end of the Balde Sur target where sampling returned 8 metres grading 1.62% copper, 4.18% zinc and 10.0 g/t silver.
In the centre of the property is the La Escondida zone where sampling returned 8 metres averaging 1.10 g/t Au, 21.23 g/t Ag as well as 2.25% Cu. This zone is open both along strike and to depth. In 2008, a new gold zone discovered at Carol uncovered 20 metres averaging 0.66 g/t gold that is open in all directions. The highest gold assay received was 2.24 g/t.
"The Carol project is a valuable addition to our project portfolio. It has an exciting potential to host a bulk tonnage copper-gold-silver deposit and the property's infrastructure is excellent. A trenching program carried out in 2008 showed that the property contains multiple targets with average grades greater than 1% copper, 1% zinc, 6 g/t silver and 0.3 g/t gold," commented Wayne Gruden, CEO of American Sierra.
"Several of the target zones remain open in at least one direction. This is significant in that there is the potential, with additional exploratory work, to show mineralization over much wider widths. We will initiate the due diligence process as soon as possible and expect to sign a final agreement in the near future," added Mr. Gruden.
Under the terms of the Letter of Intent, to earn a 100% interest American Sierra will be required to pay the vendor US$50,000, spend US$600,000 on exploration expenditures over a three year period and issue 500,000 shares during the same period.
Correction to Press Release Dated September 30, 2009 on Urique Project
Our news release of September 30, 2009 reported one sampling result on the Urique South Zone that was incorrect. Please note that the correct local bonanza grade gold found on this zone was 10.6 g/t (grams per ton) gold.
BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.
November 4 -
Biomagnetics Applies for Gates Foundation Grand Challenge Grant
Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced it has submitted an application to the Bill & Melinda Gates Foundation for a grant to further develop the Integrate Optical Biosensor Sensor (IOBS) technology it is plans to bring to market. The topic for the Grand Challenge Grant is Low Cost Diagnostics for Global Priory Health Conditions, which includes both malaria and tuberculosis.
“The availability of low cost diagnostics for malaria and tuberculosis are major concerns for not only health care professions, but also for the Gates Foundation. The technology we plan to introduce reduces the cost of traditional malaria testing by up to two-thirds,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “The IOBS platform produces test results measured in only minutes, whereas traditional methodologies often take many days. Additionally, the handheld IOBS platform can be utilized in the field at point of care by relatively untrained personnel. We believe the IOBS platform holds the promise to revolutionize testing for not only malaria, but also for many other diseases including tuberculosis and HIV/AIDS. We believe the Gates Foundation had a device such as IOBS in mind when it devised the specifications for the Challenge Grant.”
According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.
VIKING SYSTEMS INCORPORATED (OTCBB: VKNG)
"Up 21.67% in morning trading"
Viking Systems, Inc. (OTCBB: VKNG) is a leading worldwide developer, manufacturer and marketer of visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time.
November 3 -
Viking Systems, Inc. Reports Third Quarter Results; Provides Business Updates
Viking Systems, Inc. (OTCBB: VKNG), a supplier of 2D and 3D visualization systems for the medical market, today announced results for the quarter ended September 30, 2009. The Company reported that it has made significant progress in its objective to reach sustainable positive cash flow from operations and that it is exploring strategic and financing options in order to fund anticipated 2010 operating losses while the Company develops and launches its "Next Generation" 3DHD Visualization System. Additionally, the Company discussed a significant order for its current 3Di system, its technology outlook and several pending changes in its management and governance structure.
Sales were $1,995,614 for the three months ended September 30, 2009 and $1,585,826 for the three months ended September 30, 2008, representing an increase of 26%. For the nine months ended September 30, 2009, sales increased 16% to $5,149,504 compared with the same period in the prior year. The increase in sales during the quarter ended September 30, 2009 was due to increased sales of approximately $590,000 of a proprietary visualization system designed for and distributed by one specific customer as they elected to increase inventory levels of such product. Sales to this customer increased by approximately $1,210,000 during the nine months ended September 30, 2009 compared with the same period in the prior year.
The net loss was $195,877, or $0.00 per share for the quarter ended September 30, 2009 compared with a net loss of $43,599, or $0.00 per share for the same period in 2008. Other income included a $1,000,000 license fee in the quarter ended September 30, 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred net losses of $882,669 or $0.02 and $5,055,726 or $0.12 per share, respectively.
As a result of increased sales, higher margins and reduced operating expenses the Company has substantially reduced its operating losses. The operating loss was $193,316 for the quarter ended September 30, 2009 compared with $1,044,557 for the same period in 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred operating losses of $996,863 and $3,947,760, respectively. The operating loss before non-cash charges was $34,418 for the quarter ended September 30, 2009 compared with $803,047 for the same period in 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred operating losses before non-cash charges of $435,654 and $2,595,724, respectively.
U.S. Army Orders 3D Systems
In October 2009, the Company received the largest order in its history for its proprietary 3Di vision systems. This order, totaling approximately $900,000, was from the U.S. Army for deployment of one of our complete 3Di systems at each of seven regional Army Medical Centers throughout the United States. We anticipate having all seven systems installed and operational before-year end 2009. This is a follow-on order to the single system already in place at Walter Reed Army Medical Center in Washington, DC.
In October, a major milestone was achieved when Viking Systems' "Next Generation" 3DHD camera system was demonstrated to the surgical community utilizing a prototype Sony 3DHD flat panel display at the American College of Surgeon's 95th annual Clinical Congress in Chicago. Jed Kennedy, Viking's president and chief operating officer, described the reaction of the medical community saying, "We were extremely pleased with the level of interest shown by all surgical specialties. Well over 1,500 attendees waited their turn to see the interactive 3DHD demonstration and appeared delighted with what they experienced. While 2D high definition cameras now represent the vast majority of placements in the approximately $1 billion surgical video systems market, it is now clear that 3DHD is the next advancement in endoscopic surgical vision." Viking and Sony plan a similar demonstration at MEDICA, the world's largest medical device trade show, held every year in November in Dusseldorf, Germany. In parallel, a group of clinical advisors is being organized to provide guidance on the clinical requirements for this "Next Generation" system.
Later this month, Viking Systems plans to deliver a "designed to specification" prototype high definition 3DHD visualization system to a manufacturer of surgical robotic systems as part of a development agreement. The system prototype is a key deliverable in the completion of the development arrangement. While there can be no assurance that at the completion of the development contract a supply agreement will be awarded, Viking believes that the new product has several unique features that will address specific market needs and that the Company is well positioned to support any production needs for the system.
Over the next twelve months Viking Systems intends to complete the development of its unique "Next Generation" 3DHD Visualization System for Minimally Invasive Surgery and currently plans to launch the system at the American College of Surgeon's 96th annual Clinical Congress in October 2010 in Washington, DC.
Viking disclosed in previous public filings that in the fourth quarter of 2008 it engaged an investment banking firm to assist management in exploring strategic options. A number of third parties executed confidentiality agreements with the Company during this process. Over the past nine months the Company has had and, in some instances, continues to have varying levels of discussion with certain of these parties. However, absent expeditious developments related to a potential sale of the Company, Viking plans to seek adequate financing to support operations during the commercialization of its "Next Generation" 3DHD system.
Management and Governance
When Viking Systems was recapitalized on January 4, 2008, William C. Bopp, currently chairman and chief executive officer, signed a two year employment agreement. At the end of 2009, it is the intention of the Board of Directors to promote and appoint John "Jed" Kennedy, currently president and chief operating officer, to the position of president and chief executive officer. It is anticipated that Mr. Bopp will continue to serve as Chairman of the Board of Directors. Mr. Bopp said, "This transition recognizes the contributions of Mr. Kennedy to the success of Viking Systems to date and the Board's confidence in his leadership ability for the future."
Separately, J. Winder Hughes has tendered his resignation from the Board effective November 2, 2009. Mr. Hughes has indicated his interest in assisting the Company in raising funds and believes it will be in the Company's and his best interest if he is an independent investor able freely to participate in such a financing. Mr. Bopp said, "We have valued Winder Hughes' counsel as a Board member and look forward to a continued association with him should a financing be undertaken."
CRITICAL SOLUTIONS INCORPORATED (OTC: CSLI)
"Up 100.00% in morning trading"
Critical Solutions, Inc. through its wholly owned subsidiary, White Door, Inc. markets and sells a line of self-powered trailer systems that can be rapidly deployed to power physical security and communication requirements. The company utilizes non-traditional power sources such as solar, wind, and hydrogen to provide efficient recovery, backup, and primary power systems. The company's alternative energy trailer systems have been chosen by a top defense contractor to secure a nuclear power plant, by the Federal Bureau of Prisons for Emergency Response Teams, and to the Marines for emergency communications.
November 3 - White Door, Inc. Enters Northern European Sales Agreement With Nordic Greentech
Company to Market its “Mojo” and “Titan” Renewable Energy Source Trailers in One of the World's Leading Regions in Clean Technology
Critical Solutions Inc. (OTC: CSLI), the designer of renewable energy tower systems, announced that its wholly owned subsidiary, White Door Inc., has entered into a Sales and Marketing Agreement with the Danish company Nordic Greentech, for the sales and marketing of its Renewable Energy Source Trailers.
Within the terms of the agreement, White Door plans to market its products, the "Titan" and "Mojo," to potential clients throughout the Nordic region, Denmark, Sweden, Norway, Iceland, Finland and Northern parts of Germany, through Nordic Greentech. Ernest Troth, whose primary focus is on Foreign Sales and Business Development for White Door, engineered the agreement through his relationship with the founders of Nordic Greentech, Per Rasmussen and Klavs Snitkjaer. Both founders have extensive business experience in the Nordic region as well as insight into local market conditions, business practices and cultures.
"White Door is excited to have Nordic Greentech representing us in the Northern European region. In order to ensure our successful expansion in Europe, it is very important to have local business expertise with insight into markets, culture and language differences. Furthermore, Denmark is a global leader in introducing renewable energy sources, especially wind power; and today renewable energy covers 17 percent of the nation's energy consumption. In 2020, the proportion is expected to increase to 30 percent," commented Jeff Sirianni, President of White Door, Inc.
The focus on renewable energy sources will be highlighted in December 2009 when the Danish capital hosts COP15 Copenhagen, the United Nations Climate Change Conference.
"Additionally, Nordic countries spend approximately 1 percent of their BNP on foreign aid programmes in developing countries, where critical and renewable energy solutions are needed. Through our agreement with Nordic Greentech, we believe that we can significantly increase our business pipeline," continued Sirianni.
ABOUT NORDIC GREENTECH
Nordic Greentech is a consulting company specialized in marketing, consulting and sales support regarding greentech solutions for private and public companies, governmental organizations and NGOs. The company has an extensive business understanding and cultural insight in the Northern European region. The management of Nordic Greentech also has extensive experiences within logistics and market communication and has delivered solutions to a wide range of public and private companies in the Nordic region.
NETLIST INCORPORATED (NASDAQ: NLST)
"Up 21.48% in morning trading"
Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets. The Company's memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist was founded in 2000 and is headquartered in Irvine, California with manufacturing facilities in Suzhou, People's Republic of China.
November 11 -
Netlist Launches World's First 16GB, 2 Virtual Rank Memory Module
New memory module, HyperCloud, enables 384GB of DRAM in a dual socket server
Netlist, Inc. (Nasdaq: NLST), a designer and manufacturer of high-performance memory subsystems, today launches HyperCloud™, the world's first 16GB, 2 virtual rank (vRank) memory module for servers. A double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud maximizes server utilization to improve datacenter application performance. HyperCloud allows 384 Gigabytes (GB) of dynamic random access memory (DRAM) to be populated in a single dual socket server, reaching unprecedented levels of server performance.
HyperCloud utilizes Netlist's patented rank multiplication ASIC technology to fully populate three memory channels with 16GB vRank RDIMMs. Four physical ranks are hidden from the memory controller hub and presented as 2 vRanks. Dual socket servers can then be fully populated with 24 16GB 2 vRank RDIMMs reaching a total capacity of 384GB.
"In HPC datacenters, servers are typically under-utilized due to memory bandwidth and memory capacity bottlenecks. Netlist is addressing these limitations with its new high-performing DDR3 RDIMM solution, called HyperCloud," said Steve Conway, Research Vice President of Technical Computing at IDC. "HyperCloud is designed to improve server productivity and application performance, especially for memory-intensive applications and workloads."
With load reduction, servers populated with four DIMMs per channel can operate at the highest transfer-rate of 1333MT/s providing maximum memory bandwidth, increased server performance and low latency.
"HyperCloud marks an important step for Netlist as we look to fill the datacenter memory gap," said C.K. Hong, President and CEO of Netlist. "Growth in key technologies like virtualization and cloud computing has been stymied by the limitations of existing memory solutions. By breaking memory barriers, HyperCloud successfully supports these applications and others like high-performance computing. Maximizing memory is the easiest way to improve performance and lower operating expenses for datacenters."
HyperCloud will debut at the Supercomputing tradeshow, taking place in Portland, Oregon November 17-19, 2009, in booth number 2398. Netlist plans to sample HyperCloud to major OEM customers in December with production slated for Q1 2010. HyperCloud will be available in 4GB, 8GB, and 16GB 2 vRank module options.
MATECH CORPORATION (OTCBB: MTCH)
"Up 58.11% in morning trading"
MATECH Corp, founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is now marketing its patented Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection technologies to bridge asset managers, railroad companies, and governmental agencies across the United States and internationally.
November 16 - MATECH Performs EFS Testing on Bridges for Federal Highway Administration
MATECH Corp. (OTCBB: MTCH) announced that it will perform services on bridges for the Federal Highway Administration (FHWA) during the remainder of 2009 and 2010. MATECH will utilize its leading technology, the Electrochemical Fatigue Sensor (EFS) System, in these inspections as part of the FHWA's federally mandated Steel Bridge Testing Program (SBTP) Phase II. MATECH's EFS System is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 inches.
A major agency of the U.S. Department of Transportation, the FHWA is responsible for ensuring that America's roads and highways continue to be the safest and most technologically advanced. The FHWA provides financial and technical support to them for constructing, improving, and preserving America's highway system. The agency is provided an annual budget of more than $30 billion.
This effort, set to commence the coming weeks, will involve a week's worth of fieldwork, as well as subsequent analysis and reporting. Results will provide the bridge owner with invaluable information about the growth activity of the cracks in the bridge structural steel members, as well as the efficacy of repairs already completed on the structures.
MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
"We are very pleased to be continuing this effort with the FHWA," said Robert M. Bernstein, CEO of MATECH. "Results of this Steel Bridge Testing Program will be invaluable to the industry. We anticipate that the results of the program will represent yet another example of the effectiveness and inherent value of our EFS technology."
SARISSA RESOURCES INCORPORATED (OTC: SRSR)
"Up 15.00% in morning trading"
Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.
November 4 -
Sarissa Resources Inc. November Exploration Update
Sarissa Resources Inc. (OTC: SRSR) ("Sarissa" or the "Company") released further results from the summer trenching program in the SE Zone, on its 100% owned niobium property in northern Ontario. During the summer four trenches were opened up to test for continuity of the mineralization reported in previous programs.
The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty-nine 2.5 metre continuous channel samples were collected along trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. Results of the first sample submitted were previously released. The remaining assays have been received from Activation Laboratories in Ancaster. The assays will be made available on the Sarissa Resources website shortly.
In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.
Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.
The SE Zone "occurs 1500 metres south east of the Hawke [formerly the 'D'] Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m." ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." — July 21, 2009 — Billiken Management Services Inc.)
The first phase metallurgical testing of ore from the Nemegosenda property has been completed by SGS Lakefield Research Limited and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959-1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.
Shining Tree Gold Project
Drilling has been completed at the Company's Shining Tree gold project where 2 holes totaling 300 metres were drilled under 2 of the exposed surface stock-work systems. Logging of the core is now underway.
Warren Hawkins, P. Eng., is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
PARADIGM MEDICAL INDUSTRIES INCORPORATED (OTCBB: PDMI)
"Up 36.84% in morning trading"
Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States, as well as internationally.
June 1 -
Paradigm Medical Announces Plans to Release Its New Corneal Topographer, the Paravue, in the United States Market
Paradigm Medical Industries, Inc. (OTCBB: PDMI) announced that the Company will soon begin to introduce the first of its four new ophthalmic diagnostic devices, the Paravue, during the remainder of 2009. The Paravue is a sophisticated topographer utilizing Placido Disk Technology and an advanced software to provide accurate and detailed analysis of the anterior corneal surface.
Corneal topography — also known as videokeratography or corneal mapping — represents a significant advance in the measurement of the corneal curvature. Most corneal topographers evaluate 8,000 to 10,000 specific points across the entire corneal surface. By contrast, the Paravue processes more than 100,000 points. It also offers corneal wave front analysis with 2, 3 or 4 maps available for comparison.
The Paravue provides both a qualitative and quantitative evaluation of corneal curvature. It does so by utilizing a big placido disk with 24 concentric rings, which project onto the cornea to create a virtual image. The device compares this image to the target size, and the computer then calculates the corneal curvature. Advanced features including advanced rings editing, variable scales, refractive power map and more make the Paravue a valuable tool in the optometric and ophthalmic clinics.
"The addition of the Paravue to our existing ophthalmic product line fills an important segment that was missing," said Paradigm Medical President, Stephen Davis. "We are excited to offer not just another topographer, but one with many impressive features and incredibly friendly software that provides ease of use, flexible mapping and accuracy."