HIRU CORPORATION (PINKSHEETS:HIRU) subsidiary Jiangxi Shaungshi Pharmaceutical Co., Ltd launched the Jiangxi Shaungshi Biological Medicines Institute. Shuangshi AHP is currently researching several new veterinary drugs for development within the next two years. The company launched this new institute to strengthen and speed up the research and development processes. The Institute will allow the company a better focus and concentration of its talent in bio-tech development and research. Shaungshi AHP has elected Li Rui to be director of the institute.
Hiru Corporation, through its subsidiary, Jiangxi RongYu Pharmaceutical Group Co., Ltd., produces Chinese herbs for the naturopathic industry in China. It manufactures herbal supplements containing ginseng.
Orofino Gold Corp. (PINKSHEETS:ORFG) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
Orofino Gold was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
Orofino's corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Allos Therapeutics, Inc. (NASDAQ:ALTH) recently announced that five abstracts, describing FOLOTYN data across different types of blood cancers, were accepted in the program for this year’s 52nd American Society of Hematology Annual Meeting to be held December 4-7, 2010, in Orlando, Florida.
Allos Therapeutics, Inc., a biopharmaceutical company, focuses on developing and commercializing anti-cancer therapeutics.
The Hallwood Group Incorporated (AMEX:HWG) recently reported results for the third quarter and nine months ended September 30, 2010. For the quarter, Hallwood reported net income of $407,000, or $0.27 per share, compared to net income of $4.1 million, or $2.67 per share, in 2009.
The Hallwood Group Incorporated, together with its subsidiaries, engages in the textile products business in the United States.
Pacific Capital Bancorp (NASDAQ:PCBC), a community bank holding company, announced recently that it had returned to profitability after the completion of its recapitalization transactions during the third quarter of 2010. The Company reported net income of $5.0 million for the one month ended September 30, 2010. The one-month reporting is related to the Company after the closing of the $500 investment from a wholly-owned subsidiary of Ford Financial Fund, L.P. on August 31, 2010.
Pacific Capital Bancorp operates as the holding company for Pacific Capital Bank, N.A., which provides a range of commercial and consumer banking services to households, professionals, and businesses primarily in the central coast of California.
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