Power Medical Products Inc. (OTCBB:PWRM), a leading proteomics company, recently signed an agreement to acquire Rosetta Cell Life Sciences Inc, a biotechnology company.. Rosetta Cell will be merged into Power3 with the latter remaining the surviving entity.
Power3 is 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. Rozetta-Cell specializes in the delivery and imaging of stem cells during therapy. According to Ira Goldknopf, president and chief scientific officer of Power3, the deal gives Power3 additional intellectual property in the area of adult stem cell therapy technology, Power3 expects to complete the deal by November.
Alzheimer’s gets worse over time. Alzheimer’s disease is a developing condition, at which symptoms slowly intensify over a period of time. Continuing, memory loss is mild, however with late-stage Alzheimer’s disease, people lose the ability to hold on a dialogue as well as react to their surroundings. Alzheimer’s is the 6th main source of death in the united states. Parkinson’s disease usually has an effect on people over 50 years old. Beginning the signs of PD usually are subtle and happen gradually. Within a lot of people the disease progresses more rapidly compared with others. Mainly because the condition moves along, the shaking, or tremor, which is affecting nearly all PD individuals may turn to interfere with every day actions.
Eline Entertainment Group, Inc. (PINK:EEGI) released a statement from Mr. Sheng Chen, CEO of subsidiary Vu365: “We at Vu365 are thrilled to team with EEGI. The web and casual gaming industry is one of the fastest growing leisure market sectors worldwide. Ours is an exciting company with a top-quality product that is only growing in popularity through the boom in online gaming. We expect this partnership with EEGI to raise the value of our company, as we are now able to expand our software development efforts to add to our already successful list of popular video game titles. We fully expect our existing revenues, currently in the $2 million USD range, to rise as the various projects we have in development, including an assortment of strategic web games, cyber games and 3-D large scale competitive games, land in the marketplace. These are exciting times for Vu365, and we look forward to a successful partnership with EEGI.”
Eline Entertainment Group will keep investors updated as to future news from Vu365.
In addition, the subsidiary of Eline Entertainment Group, Let The Good Times Roll has released their new brand image for Let the Good Times Roll. The three entities acquired - Let The Good Times Roll, Bad Boy Party Buses and Limos, and Midnight Express - are being integrated under the umbrella of Let The Good Times Roll. Let The Good Times Roll is in the process of amending the corporate governance and state filings. Let The Good Times Roll is releasing the new logo and will work quickly to upgrade Let The Good Times Roll’s websites, vehicles, and sales collateral. The new logo is available in Let The Good Times Roll filing posted with Pink Sheets @ www.otciq.com/otciq/ajax/showFinancialRe....
Arthur J Gallagher & Co. (NYSE:AJG) announced on December 01, 2010, the acquisition of Premier Risk Services, Inc. in Itasca, Illinois. Terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage and risk management services to various commercial, industrial, institutional, and governmental organizations. It operates in three segments: Brokerage, Risk Management, and Financial Services. The Brokerage segment primarily consists of retail and wholesale brokerage operations. Its retail brokerage operations negotiate and place property/casualty (P/C), employer-provided health and welfare insurance, and retirement solutions for middle-market commercial, industrial, public entity, religious, and not-for-profit entities.
Cato Corp. (NYSE:CATO) announced on December 03, 2010 that its Board of Directors declared a regular quarterly dividend of $0.185 per share. The dividend will be payable on January 3, 2011 to shareholders of record of the Corporation at the close of business on December 20, 2010. At the closing market price on December 2, 2010, the current dividend represents an annualized yield of 2.5%.
The Cato Corporation operates as a fashion specialty retailer for fashion and value conscious females principally in the southeastern United States.
Vanguard Natural Resources, LLC (NYSE:VNR) announced that Richard Robert, Executive Vice President and Chief Financial Officer will present at the 9th Annual Wells Fargo Pipeline, MLP and E&P Symposium, to be held December 7-8, 2010 at the New York Palace Hotel in New York City. The Company's presentation is scheduled on Tuesday, December 7, 2010 at 1:10pm Eastern Time. A webcast and copy of the presentation slides will be available on the Company's website at vnrllc.com.
Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of natural gas and oil properties in the United States.
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