Mobile Press Wire

Toro Research Initiates Coverage of Sunwin International Neutraceuticals

2009-10-25T18:45:00.000-04:00

Miramar, FLA October 26, 2009 – Toro Research is initiating coverage of Sunwin International Neutraceuticals Inc. (OTCBB: SUWN), a diversified nutraceutical company, with a speculative "Buy" recommendation and a performance rating of 8.5, on a scale of 10.

To view the complete report, please visist:
http://www.tororesearch.com/reports/SUWN/SUWN_102609.pdf

The report states: "The recommendation is based on several considerations, such as the company's past financial performance, which included annual net revenues in upwards of Twenty Million dollars for the fiscal year ended April 30, 2009, as well as a well-established operating history."

"But of particular interest are the recent developments in one of the company's key markets, which included the December 2008 FDA approval of Reb A, an active ingredient found in one of Sunwin International's products, stevia. As an established and leading producer of stevia for years now, Toro Research believes the company is uniquely positioned to meet the surging global demand that is just beginning to scratch the surface of the billion dollar “Artificial Sweetener” industry. Consequently, it is important to note, Sunwin International has recently attained FDA self-affirmed GRAS status, clearing the way for the company’s high grade extracts to be used in food and beverage."

Content Disclaimer:

Readers are urged to carefully read the disclaimer found at the end of the Toro Research report. Toro Research is not a registered securities broker/dealer, investment advisor or financial analyst. The materials contained in the Toro Research report are offered for informational purposes only, and should be viewed as commercial advertisement. The report is not intended to be investment advice. The report may contain inaccuracies and errors. Sunwin International Neutraceuticals does not warrant the accuracy or completeness of the materials or the reliability of any advice, opinion, statement or other information in the Toro Research report. Any reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk.

Toro Research has been compensated $3,000 by third party Stock Market Alert LLC., (who is under contract and has been compensated by a third party to perform an investor relations campaign for SUWN) for the creation of this report. All direct and third party compensation received has been disclosed within each individual profile in accordance with section 17(b) of the Securities Act of 1933. Toro research certifies that it currently does not own, nor will it own any securities or securities of the company profiled in this report

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Toro Research undertakes no obligation to update such statements.

Orexigen(R) Therapeutics Presents New Data Showing Weight Loss with Contrave Significantly Improves Important Markers of Cardiometabolic Risk

2009-10-24T13:18:00.000-04:00

- Up to 48% of Patients Completing One Year of Contrave Therapy Lost at Least 10% of Baseline Body Weight -

- Data Presented at The Obesity Society Annual Scientific Meeting -

SAN DIEGO, Oct. 24 /PRNewswire-FirstCall/ -- Orexigen® ( )Therapeutics, Inc (Nasdaq: OREX) today announced new data from the COR-I, COR-II and COR-Diabetes trials for Contrave® (bupropion SR/ naltrexone SR) to expand on top-line results announced in July. Contrave is the first of the Company's two late stage candidates for the treatment of obesity. These data were presented during a panel discussion at the 27th Annual Scientific Meeting of The Obesity Society.

These new data show that after completing 56 weeks of therapy with Contrave32:

* Approximately 34-48% of patients lost at least 10% of their baseline body weight and approximately 17-23% lost at least 15%;
* Obese patients classified as higher risk for developing cardiovascular disease and diabetes demonstrated significant improvement in markers of cardiometabolic risk such as waist circumference, HDL, and triglycerides;
* Patients with type 2 diabetes taking Contrave who began the trial with a hemoglobin A1c (HbA1c) level greater than 8% saw a mean HbA1c reduction of 1.1%, which was highly statistically significant compared to placebo;
* Patients reported an increased ability to control their eating and resist food cravings; and
* There was no evidence of increased abuse liability.

"These data show that Contrave provides obese patients with meaningful reduction in weight and improvement in important markers of cardiometabolic risk, with even greater improvement seen in patients at higher risk," said Dennis Kim, M.D., Senior Vice President of Medical Affairs. "Results also illustrate the robust glycemic benefit of Contrave in patients who have poorly controlled diabetes, as defined by a hemoglobin A1C level greater than 8.0. These patients experienced a clinically meaningful A1C reduction of 1.1% from baseline."

Additional findings presented today from patients who completed 56-weeks of therapy include:

Efficacy Results
----------------
COR-I COR-II
----- ------
PBO Contrave32 PBO Contrave32
(N=290) (N=296) (N=267) (N=434)
------ ------ ------ ------

Equal or greater
than 5% weight
loss (%) 23.1% 61.8%* 21.7% 75.8%*

Equal or Greater
than 10%
weight loss (%) 10.7% 34.5%* 7.9% 48.2%*

Equal or Greater
than 15%
weight loss (%) 3.1% 17.2%* 3.4% 23.0%*

Markers of Cardiometabolic Risk (mean change)
---------------------------------------------
COR-I COR-II
----- ------
PBO Contrave32 PBO Contrave32
(N=290) (N=296) (N=267) (N=434)
------ ------ ------ ------
Waist
circumference
(cm) -2.7 -6.9* -2.1 -7.1*

Fasting
triglycerides
(mg/dL) -3.8 -19.0* +0.5 -14.8*

Fasting HDL
(mg/dL) -0.1 +3.5* -1.0 +4.2*

Fasting LDL
(mg/dL) -2.8 -4.3 -2.0 -6.3*

hsCRP (mg/L) -0.5 -1.6* 0.0 -0.7*

Markers of Cardiometabolic Risk (mean change among patients with increased
cardiometabolic risk)
--------------------------------------------------------------------------
COR-I COR-II
----- ------
PBO Contrave32 PBO Contrave32
--- ---------- --- ----------
Waist
Circumference -2.8 -7.1* -2.2 -7.3*
(cm) (N=282) (N=279) (N=254) (N=410)
Males >102
cm
Females
>88 cm

Fasting
Triglycerides -32.0 -66.3* -13.9 -51.2*
(mg/dL) (N=82) (N=87) (N=69) (N=135)
>/=150 mg/dL

Fasting HDL +1.3 +5.0* +1.3 +6.2*
(mg/dL) (N=122) (N=121) (N=117) (N=184)
Males <40
Females <50

Fasting LDL
(mg/dL) -22.5 -12.8 -8.0 -27.3
>/=160 mg/dL (N=29) (N=31) (N=26) (N=44)

hsCRP (mg/L) -0.7 -2.9* -1.1 -1.6*
>3 mg/L (N=163) (N=177) (N=144) (N=261)

*p<.05 for difference between Contrave and placebo

"The focus of today's panel discussion on pharmacotherapy among distinguished members of the scientific community serves as further validation that medication may play an important role in the treatment of obesity," said Eduardo Dunayevich, M.D., Chief Medical Officer, Orexigen Therapeutics. "We believe that, if approved, Contrave can benefit a broad range of obese patients. The results of the COR program, coupled with recently disclosed results from our Empatic Phase 2b trial, support our belief that these two product candidates can help fill the current gap in obesity treatment by providing physicians with multiple pharmacologic options to address the varying needs of this diverse patient population."

Contrave Obesity Research (COR) Trial Design and Safety Profile

All Phase 3 trials in the COR program were 56 week, randomized, double-blind, placebo-controlled trials. The co-primary endpoints were the proportion of patients achieving at least 5% weight loss and percent change in body weight compared to placebo. Secondary endpoints included multiple markers of cardiometabolic risk, patient reported food cravings and eating control measures, as well as HbA1c in the COR-Diabetes trial. Patients were randomized to receive either placebo or Contrave, BID, with a four week titration period.

As previously reported, seven serious adverse events were attributed by investigators as possibly related to Contrave treatment across the entire COR program. These include cholecystitis (gallbladder inflammation), seizure, palpitations, paresthesia and vertigo. The most frequently observed treatment-emergent adverse events were nausea, constipation and headache. Nausea was the leading adverse event resulting in discontinuation; however, for the majority of patients experiencing nausea, it was mild to moderate, transient and manageable.

At week 56, mean blood pressure was generally unchanged from baseline for Contrave patients compared to placebo patients, who tended to experience a slight decrease (approximately 2 mm Hg) from baseline. Contrave treatment did not appear to disrupt the normal circadian pattern of blood pressure. There was a slight increase in pulse (approximately 1 beat per minute) in Contrave patients compared to placebo patients, whose pulse was generally unchanged. There were no meaningful treatment effects on ECGs or laboratory measures including liver function tests. Treatment with Contrave was not associated with increases in symptoms of depression or suicidal ideation.

The Company is on track to submit a New Drug Application (NDA) for Contrave with the FDA in the first half of 2010.

Additional Presentations at The Obesity Society

Additional data including Intent-to-Treat (ITT) analyses from COR-I and COR-II will be presented as late-breaker presentations in the Marriott Ballroom Salon 2 on Tuesday, October 27, beginning at 11:00 am EST. In addition, three posters (220-P, 218-P, 216-P) featuring data from the COR-BMOD trial will be presented in the Marriott Exhibit Hall on Sunday, October 25 from 1-2 and 6:30-7:30 pm EST (posters available for viewing from 1-7:30pm).

About Orexigen® Therapeutics

Orexigen Therapeutics, Inc. is a biopharmaceutical company focused on developing therapies that offer multiple approaches to treating obesity. The Company's lead investigational product, Contrave®, has completed the COR clinical development program and is on track for a regulatory submission with the FDA in the first half of 2010. The Company's second obesity drug candidate, Empatic(TM), has completed Phase 2 trials. Each product candidate is designed to act on a specific group of neurons in the central nervous system with the goal of achieving appetite suppression and sustained weight loss, through combination therapeutic approaches. Further information about the Company can be found at http://www.Orexigen.com.

Forward-Looking Statements

Orexigen cautions you that statements included in this press release that are not a description of historical facts are forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "indicates," "will," "intends," "potential," "suggests," "assuming," "designed" and similar expressions are intended to identify forward-looking statements. These statements are based on the Company's current beliefs and expectations. These forward-looking statements include statements regarding the efficacy and safety of Empatic(TM) and Contrave®, the potential for, and timing of, proceeding to Phase 3 clinical trials for Empatic or filing an NDA for Contrave, the commercial and therapeutic potential of Empatic and Contrave, and the potential to obtain regulatory approval for, and effectively treat obesity with, either product candidate. The inclusion of forward-looking statements should not be regarded as a representation by Orexigen that any of its plans will be achieved. Actual results may differ from those set forth in this release due to the risk and uncertainties inherent in the Orexigen business, including, without limitation: additional analyses of data from the Empatic Phase 2B trial or Contrave Phase 3 trials and any other clinical trials of Empatic or Contrave may produce negative or inconclusive results, or may be inconsistent with previously announced results or previously conducted clinical trials; the FDA may not agree with the Company's interpretation of efficacy and safety results; earlier clinical trials may not be predictive of future results; Empatic or Contrave may not receive regulatory approval on a timely basis or at all, and the FDA may require Orexigen to complete additional clinical, non-clinical or other requirements prior to the submission or the approval of NDAs for either product candidate; the potential for adverse safety findings relating to Empatic or Contrave to delay or prevent regulatory approval or commercialization, or result in product liability claims, including serious adverse events that are not characterized by clinical investigators as possibly related to Empatic or Contrave and adverse events associated with the individual components of these product candidates; the third parties on whom Orexigen relies to assist with the development programs for Empatic or Contrave, including clinical investigators, contract laboratories, clinical research organizations and manufacturing organizations, may not successfully carry out their contractual duties or obligations or meet expected deadlines, and the quality or accuracy of the data or materials generated by such third parties may be of insufficient quality to include in the Company's regulatory submissions; the ability of Orexigen and its licensors to obtain, maintain and successfully enforce adequate patent and other intellectual property protection of its product candidates; and other risks described in the Company's filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Orexigen undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995. Information included herein is based on the Company's review and evaluation of the clinical data. All conclusions and determinations contained herein are subject to the Company's further analysis of the clinical data. The ultimate determination of the safety and efficacy of Contrave and Empatic will be made by the FDA and other relevant regulatory authorities.

SOURCE Orexigen Therapeutics, Inc.

Rodman & Renshaw Provides Clarification Regarding "Shelf" Registration Statement Filed on October 21, 2009

2009-10-22T17:00:00.002-04:00

NEW YORK--(BUSINESS WIRE)--Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM - News) clarified today that the Shelf Registration Statement it filed with the U.S. Securities and Exchange Commission (SEC) yesterday, covering the prospective sale by the Company of up to $75 million of securities, from time to time, and the prospective sale of up to three million shares of common stock by specified selling stockholders, from time to time, does not include any specific information with respect to the price at which any such securities may be sold. The reference to the selling stockholders selling “up to 3 million shares they own at a maximum price of $5.415 a share” in a media story issued earlier today was an erroneous reference to the historical price of the Company’s common stock used only to calculate the registration fee payable to the SEC in compliance with Rule 457(c) under the Securities Act of 1933, and has no direct relationship to the prices at which selling stockholders may sell shares, from time to time, following the Registration Statement being declared effective. Pricing in connection with any sales of securities that may be made pursuant to the Registration Statement, once declared effective, will be set by the Company or the selling stockholders, as the case may be, or negotiated by the Company or the selling stockholders, as the case may be, with underwriters, selling agents, or third party purchasers, if applicable, and, if required, will be included in a prospectus supplement with respect to any such sale.

World stock markets point to higher open on Wall Street

2009-05-08T08:21:00.001-04:00

World stocks rose Friday as investors braced for a key U.S. jobs report that could bolster -- or undercut -- a growing belief that recession in the world's...Full story at www.mobilepresswire.com

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Hot Stock Alert: Spansion and Samsung Settle Litigatigation

2009-04-08T09:44:00.001-04:00

SUNNYVALE, Calif., -- Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, after the markets closed yesterday...Full story at www.mobilepresswire.com.Causes stock volume to soar...

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MDRNA Announces Worldwide Non-Exclusive Licensing Agreement

2009-03-23T10:33:00.001-04:00

BOTHELL, WA, -- MDRNA, Inc. (NASDAQ: MRNA) announced today that it has entered into a licensing agreement with Novartis for MDRNA's liposomal technology...Full story at www.prmediainc.com

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Expedia, Inc. Names New Presidents of Worldwide Partner

2009-03-23T10:17:00.001-04:00

Expedia, Inc. (Nasdaq: EXPE), the world's leading online travel company, today appointed long-time Expedia veterans Dhiren Fonseca and Gary Fritz to lead its global Partner Services Group (PSG). Get full story at http://mobilepresswire.com/fullstory.php?id=951

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Microsoft adds shortcuts, security to new browser

2009-03-19T08:28:00.001-04:00

SEATTLE -- Microsoft Corp. will release a new version of Internet Explorer Thursday, adding features meant to speed up common Web surfing tasks and bringing...Full story at www.mobilepresswire.com

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Cisco Announces Intent to Acquire Pure Digital Technologies,

2009-03-19T08:27:00.001-04:00

SAN JOSE, CA - Cisco (NASDAQ: CSCO) today announced its intent to acquire privately held Pure Digital Technologies Inc. San Francisco-based Pure Digital,...Full story at www.mobilepresswire.com

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Symantec Launches Norton Online Backup Web Service

2009-03-19T08:24:00.001-04:00

CUPERTINO, CA - Symantec Corp. (NASDAQ: SYMC), makers of Norton security software, today announced the availability of Norton Online Backup, a secured, easy-to-use online backup service that automatically keeps files and digital assets safe,...Full story at www.mobilepresswire.com

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Fed to Buy $1 Trillion in Securities to Soothe Battered Econ

2009-03-18T16:58:00.001-04:00

The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at...Full story at www.mobilepresswire.com

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J.D. Power and Associates Recognizes Sprint for Quality

2009-03-18T13:06:00.001-04:00

Customers are taking notice of Sprint’s (NYSE:S) network performance and overall call quality. Today, Sprint received the J.D. Power and Associates Award for “Highest Call Quality Performance Among Wireless Cell Phone Users in the West Region in a Tie.” Full story at http://www.mobilepresswire.com/fullstory.php?id=942

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Wall Street is narrowly mixed in early trading after better-

2009-03-17T10:07:00.005-04:00

Stocks are narrowly mixed in early trading after the government issued better-than-expected reports on the housing market and inflation.The...Full story at www.mobilepresswire.com

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White House wants limits on $30 billion bound for AIG, decri

2009-03-17T10:07:00.003-04:00

The Obama administration says it's trying to put strict limits on the next $30 billion installment in taxpayers' money for insurance giant AIG amid questions...Full story at www.mobilepresswire.com

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Dell hopes PCs can't be too rich or too thin but just right

2009-03-17T10:07:00.001-04:00

The way it came on the scene, it could have been a rare perfume or a designer handbag, undaunted by the roiling economy.The first rumors...Full story at www.mobilepresswire.com

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Housing starts surge; wholesale prices edge up

2009-03-17T10:06:00.001-04:00

Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.The...Full story at www.mobilepresswire.com

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Penny Stocks Alert: Striker Oil & Gas Production increases

2009-01-30T13:18:00.001-05:00

With 2008 financial numbers announced this week, and additional news just released, Striker Oil & Gas, Inc. (OTCBB: SOIS) should have investors monitoring this stock. Yesterday after the markets closed, the company, an upstream U.S. oil and gas company, announces that ... Full Story at http://www.mobilepresswire.com/fullstory.php?id=786

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STRIKER OIL & GAS ANNOUNCES A 24% INCREASE IN 2008 REVENUE

2009-01-28T10:32:00.001-05:00

Striker Oil & Gas, Inc. (OTCBB: SOIS) announced today that its fiscal 2008 revenue increased by 24% to $3,800,000 compared to the same period in 2007. The company missed its previous guidance of $5,000,000 due to a disruption in its production ... Full story at www.mobilepresswire.com

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Obama to meet with congressional leaders as economic stimulus advances in House

2009-01-23T08:23:00.001-05:00

Congressional leaders and President Barack Obama are having a hard time finding common ground on an economic recovery plan as Republican resistance to the stimulus package emerges in the House.The president and top Democrats and Republicans from the House and Senate planned to meet Friday to discuss the status of the spending and tax cutting legislation that Obama has demanded to confront an ever weakening economy.

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Hot Stock Alert: WordLogic Corporation: Evaluation, Financin

2009-01-21T09:26:00.001-05:00

Yesterday was an important day of news for WordLogic Corporation (OTCBB: WLGC), and the company should continue to have investors monitoring the stock very closely. Yesterday after the markets closed, the company, a technology company that delivers predictive interface solutions for computing devices, issued a press release this morning announcing that that a comprehensive technical evaluation is in the process of completion and will be finished over the next 3 to 4 weeks.

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Navajo Wind Energy Secures $2.5 Million Financing

2009-01-21T09:14:00.001-05:00

There is important news just released, and Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (OTC: CLBN) should have the attention of investors and...Full story at www.mobilepresswire.com

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President Barack Obama stops pending Bush regulations

2009-01-21T09:05:00.001-05:00

President Barack Obama's new administration ordered all federal agencies and departments on Tuesday to stop any pending regulations until they can be reviewed by incoming staff, halting last-minute Bush orders in their tracks.

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Citi, Morgan Stanley brokerage deal could lead to more

2009-01-12T08:48:00.001-05:00

NEW YORK -- Citigroup and Morgan Stanley may announce as early as Monday a deal to combine their brokerages, a move analysts say could trigger a fresh...Full story at www.mobilepresswire.com

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Hot Stock Alert: Cereplast Secures $20 Million Financing

2008-12-10T10:37:00.001-05:00

Cereplast, Inc. (OTCBB:CERP), manufacturer of proprietary bio-based sustainable plastics, today announced it has entered into a common stock purchase agreement to sell up to $20,000,000 of common stock to Cumorah Capital, Inc.Under the agreement, Cereplast has the right to sell shares of its common stock to Cumorah Capital from time to time, depending on certain conditions, for an aggregate amount of up to $20,000,000. The purchase price of the shares will be determined based upon the market price of the Company's shares at the time of each sale, and Cereplast will control the timing and amount of any sales of shares to Cumorah Capital. The stock purchases can occur over a 24-month period of time.

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Employers cut 533K jobs in Nov., most in 34 years

2008-12-05T12:03:00.001-05:00

WASHINGTON -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.

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Cramer Says: (PETM) - Opportunity You've Been Waiting for

2008-11-17T09:55:00.001-05:00

It must be true that dog is man's best friend -- man continues to spend on his furry friends, at least when shopping at PetSmart (PETM Quote - Cramer on PETM - Stock Picks). PetSmart customer spending grew 6.51% from $50.67 in January 2008 to $53.97 in October of the same year.

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Penny Stock Alert: Concur making moves on the news it will be Presenting at the Oppenheimer 4th Annual Mid & Small Cap 'Best Ideas' Conference - (MobiWire)

2008-11-12T09:55:00.001-05:00

Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today announced that chairman and CEO Steve Singh...

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Penny Stock Alert: Utility Industry Executive to advise CleanTech Biofuels on Renewable Power Production!

2008-11-11T09:25:00.001-05:00

There is important breaking news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH), and the company should once again have investors watching this stock closely. This morning, the company issued a press release announcing that Dan W. Ziegler, Managing Director of business development for Duke Energy Generation Services, will serve as a consultant to CleanTech Biofuels as it continues to develop its municipal solid waste to renewable power production platform.

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Fed OKs American Express as bank holding company

2008-11-11T08:44:00.001-05:00

American Express Co (NYSE:AXP - News) said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money.American Express, the fourth-largest U.S. credit card issuer, offered more credit to more customers even as the housing crisis began last year, and is paying the price as delinquencies rise.

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Mobile Alert: AT&T will acquire Centennial for $944Million

2008-11-10T09:25:00.001-05:00

Wall, NJ -- Communications Corp (Nasdaq:CYCL), a provider of wireless and wired communications services, released news at the end of last week that that...Full story at www.mobilepresswire.com

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Tyson profit rises to $48 million in Q4, even as grain costs

2008-11-10T08:53:00.001-05:00

LITTLE ROCK, Ark. -- Tyson Foods Inc., the world's largest meat company, saw sales rise in its fiscal fourth quarter, as the company had gains from its beef and pork segments but continued to struggle with its poultry business.

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Breaking Stock Alert: NVIDIA heads for Potential Break Out

2008-11-07T10:27:00.001-05:00

Santa Clara, CA-- NVIDIA Corp. (NASDAQ: NVDA) is on today's critical watch list as pre-market activity indicates a potential break out for this company. NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) graphics products, the professional design and visualization market with its Quadro(R) graphics products, and the high-performance computing market with its Tesla(TM) computing solutions products. NVIDIA is headquartered in Santa Clara, Calif. and has offices throughout Asia, Europe, and the Americas.

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Penny Stock Alert: CleanTech Biofuels Applauds Missouri for Adopting Mandatory Renewable Portfolio Standards! - (MobiWire)

2008-11-06T08:09:00.001-05:00

CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors watching this stock closely. Yesterday after the markets closed, the company issued a press release announcing that it applauded the adoption of Proposition C, Renewable Portfolio Standards, in Missouri.

This "Missouri Clean Energy Initiative" requires the state's three large investor-owned utilities to get 15 percent of their electricity from renewable sources by 2021. With Missouri's adoption of these new standards, more than half the states in America have adopted Renewable Portfolio Standards.

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Penny Stock News: Ungava Mines Inc. Announces Closing of Third Tranche of Private Placement - (MobiWire)

2008-11-04T08:48:00.001-05:00

TORONTO, ONTARIO-- Ungava Mines Inc. (OTCBB:UGVMF) announced today that it has closed the third tranche of its non-brokered private placement of Units. 250,667 Units were issued at a subscription price of $0.15, for total consideration of $37,600. Each Unit consists of one common share ("Common Share") in the capital of the Corporation and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 per Common Share until January 1, 2010. 18,400 broker warrants to purchase Units on or before January 1, 2010 were also issued.

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Breaking Mobile Alert: Subscribers urged to closely monitor Evergreen Solar for heavy investor interest today. - (MobiWire)

2008-11-04T08:43:00.001-05:00

Evergreen Solar, Inc. (NASDAQ: ESLR) develops, manufactures, and markets solar power products primarily in Europe and the United States. It utilizes its proprietary "String Ribbon" technology process in manufacturing ribbons of crystalline silicon, which are then cut into wafers. These wafers are the primary components of photovoltaic cells that are used to produce solar panels.

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Small Cap News: VIPR Industries aquires Zereko Inc.

2008-11-03T10:37:00.001-05:00

TORONTO, ONTARIO, -- VIPR Industries Inc. (PINK SHEETS:VIPR) recently announced that it has executed a term-sheet for the acquisition of revenue producing Vancouver B.C. based Zereko Inc. and its highly touted proprietary IVAC Industrial unit. Some of Zereko's current clients include notable companies such as General Motors, Inco, and Falconbridge among several others.

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Breaking Small Cap Alert: DryShips Inc. Reports Q3 Results

2008-11-03T10:30:00.001-05:00

Mobile Press Wire is alerting subscribers to incredible financial news released by Dryships Inc this morning. Investors are urged to closely monitor this company for more developments.ATHENS, GREECE, -- DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes, today announced its unaudited financial and operating results for the third quarter and nine months ended September 30, 2008.

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Penny Stock Alert: Breaking Investors Alert for Thursday: SOIS! October 30, 2008 - (MobiWire)

2008-10-30T16:40:00.001-04:00

Striker Oil & Gas, Inc. (OTCBB: SOIS), Ethos Environmental, Inc. (OTCBB: ETEV), Southern Star Energy Inc. (OTCBB: SSEY) and Global Clean Energy Holdings, Inc. (OTCBB: GCEH).Having previously announced it has commenced drilling on the Catfish No. 3 well, Striker Oil & Gas, Inc. (OTCBB: SOIS) should have investors once again watching the stock closely. Yesterday after the markets closed, the company, an upstream U.S. oil and gas company, issued a press release announcing that it has begun operations on installing a 4 mile gas pipeline to connect its gas production from its Catfish Creek Prospect.

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Penny Stock Alert: There is additional important news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH) - (MobiWire)

2008-10-30T12:58:00.001-04:00

CleanTech Biofuels is developing a set of technologies that, when combined, are capable of converting the cellulosic material in municipal solid waste into ethanol. Our unique technology package positions us to be the industry leader in using municipal solid waste (MSW) as the primary feedstock for energy production.

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Stock Alert: Expedia Inc. revenue increased 10% for the third quarter.

2008-10-30T09:28:00.001-04:00

BELLEVUE, Wash., Oct. 30 -- Expedia, Inc. (Nasdaq: EXPE - News) today announced financial results for its third quarter ended September 30, 2008. Gross bookings increased 7% for the third quarter of 2008 compared with the third quarter of 2007.

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Stock Alert: Exxon Mobil posts biggest US quarterly profit ever

2008-10-30T09:14:00.001-04:00

Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter. Revenue rose 35 percent to $137.7 billion.

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Penny Stock Alert: MSE Enviro-Tech Corp. to take a leading role in Fighting Forest Fire - (MobiWire)

2008-10-29T00:35:00.001-04:00

Excellent Results of Various Independent Tests Point to an Important Role in Forest Fire Fighting for MSE Enviro-Tech Corp.'s Hartindo AF31!With major news released just released, MSE Enviro-Tech Corp. (OTC: MEVT) should have the attention of investors and traders this morning. Recently the company issued a press release announcing that in collaboration with Hartindo supplier Megola Inc., it is pleased to report that, following extensive independent product testing, its Hartindo AF31 Fire Extinguisher and Fire Inhibitor meets the fire fighting effectiveness and environmental requirements necessary to successfully battle forest fires.

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Penny Stock Alert: CleanTech Biofuels (CLTH.OB) Finalizes Transaction With World Waste Technologies!

2008-10-28T01:26:00.001-04:00

This is great news as the press release states that CleanTech Biofuels is now able to file new United States and international patents based on the combined technologies described in the patent and those of Biomass North America Licensing! CleanTech CEO, Ed Hennessey, noted, "We are very excited to have completed this transaction, as this acquisition creates many new opportunities for our company."

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Stock Alert: Verizon 3Q earnings up 31 percent

2008-10-27T08:47:00.001-04:00

NEW YORK -- Verizon Communications Inc. said Monday earnings rose 31 percent in the third quarter as wireless did better than expected, while its traditional phone business continued to decline.The country's second largest telecommunications company, after AT&T Inc., earned $1.67 billion, or 59 cents per share, up from $1.27 billion, or 44 cents a share, a year ago.

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Penny Stock Alert: Universal Detection Tech works with USDA

2008-10-24T09:19:00.001-04:00

LOS ANGELES, -- Universal Detection Technology (OTCBB:UNDT) a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that it has received a purchase order from the United States Department of Agriculture for its Ricin detection equipment. The USDA plans to use the equipment to test waste seed mill from the production of biodiesel fuels for the presence of Ricin.

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Stocks Head for Blistering Fall on Recession Fears, Dow Futures Down 550 - (MobiWire)

2008-10-24T08:42:00.001-04:00

NEW YORK -- Wall Street headed for another precipitous drop Friday as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin. The Dow Jones industrial average futures fell 550 points, triggering a halt in selling of stock future contracts.

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Breaking News Alert: CleanTech Biofuels Places First Equipment Orders! - (MobiWire)

2008-10-21T00:23:00.001-04:00

Continuing a string of positive news which began last week, CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors monitoring the stock closely. Yesterday after the markets closed, the company issued a press release announcing that it has placed its initial orders for equipment to be used at its first commercial site located in Chicago, Illinois.

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Penny Stock Alert: Money4Gold Holdings Inc. Excels During First Quarter as Public Company - (MobiWire)

2008-10-20T11:28:00.001-04:00

BOCA RATON, Fla., -- Money4Gold Holdings Inc. (OTCBB: MFGD) has completed its first full quarter of operations as a public company, experiencing significant growth while validating operating models.The Company initiated operations in the second quarter and began recognizing revenue in July. Management has found a direct correlation between requests from customers to receive the Company's mailer permitting them to send in gold and other recyclable precious metals, and the revenue the Company recognizes. The number of requests has dramatically increased, which will be reflected in our revenue for the fourth quarter of 2008. The Company is also achieving payment acceptance rates of approximately 95%, indicating that Money4Gold's payout percentages have been directly in line with or exceeding customer expectations.

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Breaking News Alert: Universal Detection Technology Receives

2008-10-20T11:23:00.001-04:00

LOS ANGELES, -- Universal Detection Technology (www.udetection.com) (OTCBB:UNDT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, reported today that it has received a purchase order for its anthrax detection equipment from the Federal Aviation Administration. The detection equipment is designed to check for anthrax and can return results in as little as 3 minutes.

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Wells Fargo Number One Bank-Topples BoA

2008-10-17T16:50:00.001-04:00

Taking the number one spot from BoA, Wells Fargo leads the pack.Providing they maintain their higher than average industry conservativism, Wells may prove to be a truly golden bank. If they can put their energies into keeping high values, low risk, balanced business practices and operate with integrity, they should come out shining!

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Small Cap Alert: Etelos Announces Partnership with Youniverz

2008-10-17T16:48:00.001-04:00

Etelos, Inc. (OTCBB: ETLO) today announced a new partnership with Dutch company Youniverz for an enterprise implementation for Youniverz Worknets Web software version 2.0.Etelos has long been about helping enterprises distribute Web-based solutions. “The Etelos approach to distributing Web applications is a great fit for companies looking to distribute Web applications,” said Danny Kolke, Etelos Founder & CEO. “Enterprise partners like Youniverz are a key part of the Etelos strategy.”

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Small Cap News Alert: Atlantic Energy announces recent $18 m

2008-10-17T16:17:00.001-04:00

SARATOGA SPRINGS, N.Y., -- Atlantic Energy Solutions, Inc. (OTCBB: AESO) announced yesterday they have signed a contract with an Energy Corporation to provide a Northern New Jersey Township and School District to begin an energy efficiency project that is worth over $18 million. The project includes a partnership to develop and maintain a one megawatt co-generation plant, as well as to put into operation a 700 watt solar plant which will produce electricity for 8 large municipal buildings in the town.

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Penny Stock Alert: MonArc Corporation (MONA) Closes Deal to

2008-10-17T12:44:00.001-04:00

BEIJING, China, -- MonArc Corporation (Pink Sheets: MONA)is pleased to announce that it has the sale of its Innotrek subsidiary to RMD Entertainment (RMDM:PK)

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Stock Alert: Universal Detection Technology Receives Purchas

2008-10-17T12:38:00.003-04:00

LOS ANGELES, -- Universal Detection Technology (OTCBB: UNDT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, reported today that it has received a purchase order for its anthrax detection equipment from the United States Army Corps of Engineers. The detection equipment is designed to check for anthrax and can return results in as little as 3 minutes.

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Stock Alert: Universal Detection Technology Receives Purchas

2008-10-17T12:38:00.001-04:00

Breaking Market Update Alert for Cleantech Biofuels

2008-10-16T16:36:00.001-04:00

Wall Street News Alert is alerting investors to the fact CleanTech Biofuels, Inc. (OTCBB: CLTH) is up an additional 30% to 50% on over 120,000 shares traded by 1:30pm today. Mobile Press Wire originally issued an alert on behalf of WSNA for CLTH.OB on October 14, 2008 which saw the stock gain from $0.40 to $0.55 on above average volume.

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Penny Stock Alert: Striker OTCBB:SOIS Begins Drilling An Add

2008-10-16T03:28:00.001-04:00

Striker Oil & Gas, Inc. (OTCBB:SOIS - News) announced today that it has commenced drilling on the Catfish No. 3 well on its Catfish Creek Prospect located in East Texas. The well is the third well drilled by Striker in the Catfish Creek Prospect and the first well of a three well continuous program to exploit the Pettet and Rodessa formations found in the two successful wells previously drilled by Striker. The Catfish No. 3 well will be drilled to a depth of 10,800 feet and is expected to reach total depth within 30 days.

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Penny Stock News: Bebida Beverage Company discusses potentia

2008-10-15T10:09:00.001-04:00

LAS VEGAS, -- Bebida Beverage Company (Pink Sheets: BBDA) announced today that the company has entered into discussions regarding a potential partnership affiliation for increased spring water source and bottling capacity.Additionally, the company would like to take the opportunity to formally announce that the company is now listed under the new trading symbol BBDA.

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Stock Alert: PTS, Inc. to Joint Venture with CHENGDU PUJIAN

2008-10-15T10:08:00.001-04:00

PTS, Inc. (OTCBB:PTSH) today announced that it is forming a new joint venture between Glove Box Inc.® and CHENGDU PUJIAN MEDICAL EQUIPMENT MANUFACTURING CO. LTD. (CPMEM). The purpose of this joint venture is to develop the third generation of the Glove Box™.

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CleanTech Biofuels Creating Ethanol From Waste

2008-10-14T01:27:00.001-04:00

There is important breaking news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH), and the company should have investors monitoring the stock closely. Yesterday after the markets closed, the company issued a press release announcing that it has closed the merger of Biomass North America Licensing, Inc. into its wholly-owned subsidiary.

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Bank company's IPO cruises through market turmoil

2008-10-13T08:23:00.001-04:00

Home Bancorp Inc.'s initial public stock offering on Oct. 2 -- ironically the day Congress approved a $700 billion bailout of financial institutions -- surprisingly yielded more buyers than there were shares to sell.

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Dow futures climb almost 400 after horrible week

2008-10-13T08:21:00.001-04:00

Wall Street headed for huge rebound Monday with the Dow Jones industrial average futures up 398, or 4.76 percent, to 8,768. Standard & Poor's 500 index futures rose 51.30, or 5.76 percent, to 942.30. Nasdaq 100 index futures rose 62.00, or 4.83 percent, to 1,344.50.

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Sahara Media Holdings, Inc. $1.7 Million Private Placement

2008-10-10T15:34:00.001-04:00

Sahara Media Holdings, Inc. (OTCBB:SHHD), a company that recently acquired Sahara Media, Inc., a development stage multimedia company, announced that it has successfully completed a private placement of 14.1 Units of its securities at a price of $125,000 per Unit.

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Wells Fargo plans to buy Wachovia after Citi ends talks

2008-10-10T15:30:00.001-04:00

Wells Fargo said late Thursday it had ended talks with Citigroup and was moving ahead to acquire all of Wachovia's banking and other operations. It said the deal would not require aid from the Federal Deposit Insurance Corp. or any other government agency.

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Even kids are Voting for Barack Obama Video

2008-10-09T12:44:00.001-04:00

This will be my last political post until Election Day, I will no longer eject my political views into this blog. I thinks this video speaks for itself, it says that we watch entirely too much political based television in our home, and that Obama appeals to a younger crowd. http://greengoody.blogspot.com/2008/10/this-will-be-my-last-political-post.html

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Mobile Press Wire's Mid-day watch for September October 8, 2

2008-10-08T14:31:00.001-04:00

MobiWire’s “Mid-Day Alert Watch: Performance Health Technologies, Inc. (OTCBB: PFMH), Perf Go Green Holdings, Inc.

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Perf Go Green Products Hit Retail Shelves Nationwide

2008-10-08T14:29:00.001-04:00

"From the get go, Perf Go Green's goal has been to offer a 'green' plastics platform to households and business all over the U.S. With the completion of our launch at Walgreens, as well as the many other retail launches and commercial conversions we have on tap for this fall, we're poised to make that goal a reality.

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Performance Health Technologies Participates in Interactive Metronome Sales Conference to Launch

2008-10-08T09:45:00.001-04:00

Used under the guidance of a therapist or healthcare professional, Core:Tx® turns rehabilitation into a wireless, game-like challenge that is entertaining and works for a variety of patients recovering from neuromuscular conditions as well as joint injuries. The readily adaptable Core:Tx® system enhances existing rehabilitation with both preventative and strengthening protocols.

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Wall Street set to follow global sell-off.

2008-10-06T07:40:00.001-04:00

Wall Steet tilts toward steep drop amid global worries about credit; bonds rally.Financial markets around the world had a rocky start Monday after European governments took steps to limit the damage from the growing global financial crisis. U.S. stocks looked to have a steep drop at the opening, and the credit markets remained under strain.

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Immediate High-Value Drill Targets Identified on Elray Resou

2008-10-02T14:04:00.001-04:00

Elray Resources, Inc. (OTCBB: ELRA), a technically driven gold and precious mineral exploration company, is pleased to report to shareholders on its Angkor Wat Project in Cambodia.

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McCain Goes On Today Show & Gets Clobbered by Vieira

2008-09-30T15:21:00.001-04:00

Still a classic moment in the McCain campaign. Hope to see many more interviews like this to ensure he stays out of the White House.

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Colorado Goldfields, Inc. Expands Board of Directors

2008-09-30T14:30:00.001-04:00

Colorado Goldfields Inc. (OTCBB:CGFI), http://www.cologold.com, is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discovery.

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Southridge Signs $35 Million Ethanol Sales Agreement

2008-09-30T14:26:00.001-04:00

Southridge Enterprises is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The Company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes.

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Players Network Programming on DIRECTV VOD

2008-09-29T08:14:00.001-04:00

Players Network (OTCBB:PNTV), the leading Digital Media Television Network dedicated to Las Vegas Entertainment and the Gaming Lifestyle, announced today that it has signed an agreement to distribute its programming on DIRECTV on DEMAND, DIRECTV’s new video on demand service.

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Kiwa Bio-Tech Signs Term Sheet to Eliminate Dilutive Financi

2008-09-29T08:12:00.001-04:00

CLAREMONT, Calif.-- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) announced that it has signed a term sheet for redemption of existing convertible notes. In accordance with this term sheet, the holders of the existing convertible notes agree to waive their participation right with respect to any new financing that closes before October 31, 2008, and suspend conversions of principal and accrued interest under the existing convertible notes until October 31, 2008. The Company shall redeem such notes no later than October 31, 2008 with the proceeds of new financing under negotiation.

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Online tool estimates taxes under McCain, Obama

2008-09-26T18:02:00.001-04:00

PORTLAND, Maine - Voters whose bottom line is taxes can use a new online tool to calculate what their own bottom line would be with the IRS under a Barack Obama or John McCain administration.The model developed by a business software company and an accounting professor in Maine estimates how individual income taxes would be affected under plans put forth by the two presidential candidates.

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NT Media Announces Plans to Launch Video Sharing and Social

2008-09-25T10:41:00.001-04:00

NT Media Corp (www.ntmedia.tv)(OTCBB:NTMI), announced today that it has completed development of the first in a series of websites that will establish the Company as an online entertainment and media provider. The site is www.neurotrash.tv and is a video-sharing site targeting young adults between the ages of 18 and 35. The Company is currently debugging and fine tuning the video sharing and social networking platform and is planning to launch the website within the next 30 days.

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Chapeau, Inc. Completes Financing Transactions

2008-09-25T10:39:00.001-04:00

EL DORADO HILLS, Calif. -- Chapeau, Inc. (OTCBB:CPEU) announced that it has received $925,000 in bridge financing from the Gordon V. and Helen C. Smith Foundation (the "Foundation") in connection with the second and final purchase of shares under a Stock Purchase Agreement dated August 22, 2008 (the "Foundation Financing Agreement").

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Company Unveils Breakthrough Technology That Uses a Scalable

2008-09-24T08:58:00.001-04:00

SANTA BARBARA, CA and CAMBRIDGE, UK -- Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products, announced today that the company is developing a breakthrough technology to transform CO2 into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels.

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Artificial Life Announces Klitschko Boxing - The Official Mo

2008-09-24T08:57:00.001-04:00

Artificial Life, Inc., (OTCBB: ALIF) (www.artificial-life.com), a leading provider of broadband mobile 3G technology, participation TV, games and business applications, announced today that the company will be releasing “Klitschko Boxing - The Official Mobile Game”, featuring renowned boxers, Vitali and Wladimir Klitschko. With an exclusive license of the brothers, the company is producing the game with animated 3D avatars based on their likeness and their signature boxing moves such as the jap, cross, hook, uppercut and more.

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U.S. stock futures higher on Buffett's Goldman buy

2008-09-24T08:55:00.001-04:00

U.S. stock futures pointed to a firmer start on Wednesday as billionaire investor Warren Buffett injected a shot of confidence into the financial sector by announcing he's going to buy at least $5 billion worth of Goldman Sachs.

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Local Jobs, Inc. Launches Television Advertising Campaign fo

2008-09-23T09:43:00.001-04:00

OLDSMAR, FL -- Local Jobs, Inc., a majority owned subsidiary of Elysium Internet, Inc. (OTCBB: EYSM), a next generation Internet advertising and new media Company, today announced that it has launched a new television advertising campaign for its flagship Internet job site www.TampaBayJobListings.com.

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UNC Charlotte to Evaluate Potential Adjuvant Activity of Imm

2008-09-23T08:40:00.001-04:00

SCOTTSDALE, AZ -- ImmuneRegen BioSciences, Inc., a wholly owned subsidiary of IR BioSciences Holdings, Inc. (OTCBB: IRBS), today announces a collaborative relationship with the University of North Carolina at Charlotte to evaluate ImmuneRegen's Viprovex as a possible cancer-vaccine adjuvant. Adjuvants are agents that stimulate and, subsequently, augment the immune system's response to a foreign antigen.

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New Energy-Efficient Process Turns Sugar to Actual Gasoline

2008-09-22T08:18:00.001-04:00

Using microscopic metal particles, scientists from the University of Wisconsin-Madison have found that plant-based sugar can be converted to gasoline to be used in current engines. The substance is cleaner-burning than petroleum-based gasoline and more stable than ethanol.

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Healthy Fast Food, Inc. to Acquire the Rights to New Frozen

2008-09-22T08:04:00.001-04:00

Healthy Fast Food, Inc. (OTCBB:HFFI) announced today that it will acquire the worldwide rights to the U-Swirl Frozen YogurtSM concept, with the intention...Full story at www.mobilepresswire.com

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Bush wants every household to pitch in $15,000 for economic

2008-09-22T08:01:00.001-04:00

The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.

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13,000 children poisoned and dying in China milk scare

2008-09-22T08:00:00.001-04:00

BEIJING - China said nearly 13,000 children were in hospital Sunday after drinking toxic milk powder in a dramatic escalation of Beijing's latest safety scandal.

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On Economy, Obama Offers Ideas, McCain Blames Rival.

2008-09-22T00:20:00.001-04:00

Obama: "In the same bipartisan spirit that is being shown to the crisis on Wall Street, I ask Senator McCain, President Bush, Republicans and Democrats to join me in supporting an emergency economic plan for working families." Meanwhile McCain mostly spent the day going after Obama in highly personal terms, saying he had been "gaming" the system.

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Federal Reserve changes status of Goldman Sachs and Morgan S

2008-09-22T00:18:00.001-04:00

WASHINGTON -- The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks -- Goldman Sachs and Morgan Stanley -- to change their status to bank holding companies.The Fed announced that it had approved the request of the two investment banks. The change in status will allow them to create commercial banks that will be able to take deposits, bolstering the resources of both institutions.The change continued the biggest restructuring on Wall Street since the Great Depression.

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SpongeTech(R) Delivery Systems, Inc. Hits Grand Slam! - (MobiWire)

2008-09-19T14:11:00.000-04:00

NEW YORK, --(OTCBB: SPNG) announced on Sept 18, 2008 that this past weekend the company started an aggressive marketing campaign utilizing the combined values of Howard Stern, Chris Russo, and NASCAR Radio on SIRIUS Satellite Radio. As a result of this, coupled with our aggressive TV advertising, SpongeTech(R) has booked in the past five days over $1,000,000 in gross internet sales. We are extremely excited about how we are positioning and marketing our product, and feel very strongly that we are on our way to another record quarter. This, combined with our on hand orders that will be shipped this year, could bring our total revenue in excess of $35,000,000, with a proportionate EBITDA to last year's P/L.
Our Stock Buyback

With such a volatile stock market comes tremendous opportunity. In light of that, coupled with the change in the SEC shorting rules, the Board has decided to increase our corporate stock buyback in the open market from 25,000,000 shares to 50,000,000 shares effective immediately. We have to date purchased in the open market over 10,000,000 shares thus leaving 40,000,000 more shares to buy. We will continue to communicate with our shareholders, and we thank you all for your support.

Michael L. Metter SpongeTech(R) CEO

Steven Y. Moskowitz SpongeTech(R) COO

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com .

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Uncle Norman's(TM) Pet Sponge, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.

"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Source: PRNewswire

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