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  • PWRM, BPO, NBD, ORFG, ABG - Stock Update from CRWEFinance.com 0 comments
    Jan 6, 2011 1:42 PM | about stocks: BPO, ABG

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    Power3 Medical Products, Inc. (OTCBB:PWRM) recently announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, to name a few. In addition, Power3 is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash.

    Because current management believes these toxic debt instruments are responsible for Power3’s depressed stock price and have distracted the company from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc.

    As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position. Rozetta-Cell Life Sciences, Inc. is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011.

    Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).

    Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which Power3 has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s, and ALS diseases, for which Power3 is currently engaged in Phase II clinical trials.

    These tests are designed to analyze an individual’s proteins to detect the presence of disease, a patient’s disease progression, a patient’s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.

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    Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold is please to report that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director. Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. Mr. Pernett will be responsible for all affairs of Orofino Gold in Colombia.

    Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of Orofino Gold’s Senderos de Oro gold camp in the Sur de Bolivar Colombia. Gold is also well known as a coinage metal (because of its scarcity, inertness, and decorative features) and is a standard for monetary systems in many countries.

    Apart from gold coins, gold ingots, and gold bars, gold is available in many forms including pure gold and alloys as gold flakes, foil gauzes (meshes), grain, powders, sheet, sponges, tubes, wires and even single gold crystals. Orofino Gold and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, Orofino Gold’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past.

    The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine. The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of Orofino Gold. His resignation is effective immediately. Orofino Gold wish him well and success in future endeavors.

    Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. Orofino Gold has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. For centuries, buying gold has been recognized as one of the best ways to preserve one’s wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men’s lives.

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    Brookfield Properties Corporation (NYSE:BPO) announced that it has sold the office building at 1225 Connecticut Avenue, NW in Washington, DC to the World Bank for $216 million. Brookfield Office Properties acquired the eight-story property containing 240,000 rentable square feet as part of the Trizec portfolio in 2006. At that time, it was a functionally obsolete, class C building in a desirable location. Brookfield undertook a $32 million redevelopment program which completely transformed the property into an attractive, sustainable, trophy asset.

    Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada and Australia.

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    NB Capital Corp.(NYSE:NBD) announced the first distribution declaration for the Nuveen Build America Bond Opportunity Fund of $0.1260 per common share. The fund began trading on the New York Stock Exchange (NYSE) on November 24, 2010. This distribution, based on the $20.00 per share IPO price, reflects an annualized distribution rate of 7.56 percent.

    Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them.

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    Asbury Automotive Group, Inc. (NYSE:ABG) announced the closing of its acquisition of Greenville Automotive Group, which consists of Lexus, Toyota, Jaguar, Porsche, and Volvo brands operating in Greenville, South Carolina. Estimated annualized revenues related to the Greenville acquisition are approximately $125 million.

    Asbury Automotive Group, Inc., headquartered in Duluth, Georgia, a suburb of Atlanta, is one of the largest automobile retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 84 retail auto stores, encompassing 114 franchises for the sale and servicing of 37 different brands of American, European and Asian automobiles.

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    Stocks: BPO, ABG
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