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Power3 Medical Products, Inc. (OTC:PWRM)
Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, today 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. For example, one such lawsuit involves Neogenomics, Inc., which was recently granted a motion for summary judgment with respect to an amount due under a convertible debenture. Power3 intends to appeal this decision.
“We are very excited to be finally ridding ourselves of litigation that has plagued us for several years now,” stated Ira L. Goldknopf, President and Chief Scientific Officer of Power3 Medical Products, Inc. “We have big plans for the future beginning with our upcoming acquisition of Rozetta-Cell and are about to enter a long and substantial growth phase marked by advances in our science and intellectual property. Given the imminent nature of many of these transactions and breakthroughs, we have decided, in consultation with the financiers of Rozetta-Cell, that the best course of action for Power3 is to settle many of these lawsuits so that we can focus our attention exclusively on the acquisition of Rozetta-Cell and the development of our combined businesses after the merger.”
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.
Alzheimer’s doesn’t have any immediate cure, but remedies for indicators can be found and investigate carries on. Even though current Alzheimer treatment options cannot cease Alzheimer’s disease from progressing, they’re able to temporarily decrease the speed of the deterioration involving signs of illness in addition to advance quality of life for the people with Alzheimer’s disease as well as all their caregivers. Today, there exists a international exertion under approach to finding better ways to take care of the condition, postponement its onset, and prevent it from escalating.
Cancer of the breast is a form of cancer in which cells in the breast split and also grow without usual control. About 85 % of breast cancers begin in the particular mammary ducts, though about 15 per cent happen in the lobules. Tumors within the breasts tend to grow slowly. As soon as a mass is actually big enough in order to come to feel, it may are already thriving for as long as a decade. However, many growths may be severe, and therefore increase far more rapidly.
Parkinson’s disease is really a problem that affects nerve cells, or neurons, inside of a section of the brain of which controls muscle motions. In Parkinson’s, nerves which make an important chemical called dopamine die or do not work properly. Dopamine generally delivers impulses that assist synchronize a person’s activities.
GreenHouse Holdings, Inc. (Pinksheets:GRHU) a leading provider of energy efficiency solutions and sustainable infrastructure products, today announced that it has been engaged to implement Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers include Apogee Containers, Inc. and MGE UPS, LLC.
GreenHouse estimates that the projects will generate $400,000 in revenue for GreenHouse, based upon approximately 1,300 kW or 1.3 MW of electricity demand reduction and infrastructure improvements from the engagements. GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.
“Auto-DR is just one of the innovative services Greenhouse offers to help our clients implement cost effective solutions that produce positive results for all parties involved,” remarked Russ Earnshaw, President of GreenHouse. “We are truly honored to be selected by Apogee and MGE UPS and we anticipate Auto-DR being the first of many services offered in support of their energy stewardship initiatives.”
USEC Inc. (NYSE:USU) announced that it is working to extend the operation of the Paducah Gaseous Diffusion Plant beyond May 2012 and expects to reach a decision during the first half of 2011. USEC will base its decision to extend operations upon economic considerations and the ability of the plant to operate profitably. Because the plant is a large consumer of electricity, power prices are a significant factor in the cost of operations and future planning for Paducah. The Company is actively negotiating with the Tennessee Valley Authority (TVA) and others for power to operate Paducah beyond mid-2012 when USEC’s current power agreement with TVA expires.
USEC Inc., together with its subsidiaries, supplies low enriched uranium (LEU) to commercial nuclear power plants in the United States and internationally.
US Gold Corporation (NYSE:UXG) announced on January 11, 2011 exciting drill results from its Limo Project in Nevada. Four reverse circulation holes have been drilled on the Cadillac target since the discovery of a new zone was announced. The best new hole intersected 1.29 grams per tonne (gpt) gold over 94.5 meters (m) and ended in mineralization. US Gold geologists are excited by the recent results because: 1) thick sections of continuous mineralization are present, 2) the grade appears to be improving at depth, 3) the mineralization is open laterally and at depth, and 4) historic drilling in the area was not deep enough to encounter this new target.
US Gold Corporation engages in the exploration for, development of, production, and sale of gold, silver, other precious metals, and base metals. Its principal assets include interests in various exploration properties located in the state of Nevada and the properties in Sinaloa State, Mexico.
Universal Travel Group (NYSE:UTA) a leading travel services provider in China, offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, announced it has engaged Christensen Investor Relations to design, facilitate, and execute its investor and media relations programs. Christensen assists companies achieve fair market valuation and strengthen brand recognition in the global capital markets and financial media. "We are very excited about working with Christensen again," said Ms. Jiangping JIANG, Chairwoman and Chief Executive Officer of Universal Travel Group. "Our company is in a unique position in the Chinese domestic travel services industry and keen on effectively communicating our growth story to investors worldwide.
Universal Travel Group, together with its subsidiaries, operates as a travel service provider offering air ticketing and hotel booking services, as well as domestic and international packaged tourism services via the Internet.
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