Power3 Medical Products, Inc. (OTC:PWRM)
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). PWRM applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
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. "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."
To learn more about PWRM visit: http://www.Power3Medical.com
CBOE Holdings, Inc. (Nasdaq:CBOE) announced that its 2011 Annual Meeting of Stockholders is scheduled to be held at 9:30 a.m. Central Time, on Tuesday, May 17, 2011, in the fourth floor lounge of the Chicago Board Options Exchange (CBOE), 400 S. LaSalle Street, Chicago, Illinois.
CBOE Holdings, Inc. intends to operate as the holding company for Chicago Board Options Exchange (CBOE), which operates as an organized marketplace for the trade of standardized, listed options on equity securities.
GreenHouse Holdings, Inc., a leading provider of energy efficiency solutions and sustainable infrastructure products, has recently entered into a strategic partnership with ImageWare Systems, Inc. to provide sustainability and security products and services to government, military and law enforcement agencies, domestically and internationally.
GRHU's 1-Link service will now be part of the ImageWare Law Enforcement solution package that is being offered to over 20,000 law enforcement agencies in the United States. In turn, GreenHouse agreed to provide opportunities for IWS within the military and government markets for ImageWare biometric identity management solutions which will be included in the 1-Link platform along with other GreenHouse-offered products and services.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Portland, OR, Washington DC and Canada. For more information visit www.iwsinc.com.
To learn more about GRHU visit: http://www.greenhouseintl.com
hiSoft Technology International Ltd. (Nasdaq:HSFT) a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, announced members of its management team will participate in the Citigroup HK/China Mini Conference (Theme: I.T.) to be held at the Island Shangri-La Hotel, Hong Kong on January 28, 2011. At the conference, members of HiSoft's management team will hold one-on-one and small group meetings with investors to discuss overall industry trends and the Company's business strategy.
HiSoft Technology International Limited provides outsourced information technology (NYSE:IT) and research and development services in North America, Europe, and Asia.
Heidrick & Struggles International Inc. (Nasdaq:HSII) the leadership advisory firm providing executive search and leadership consulting services worldwide, announced two key new hires within its Leadership Consulting Practice. Carolyn Vavrek joins the practice as partner in the firm's San Francisco office. Ms. Vavrek comes to Heidrick & Struggles from Deloitte Consulting where she served as the Human Capital West Coast M&A Practice Leader and HR Service Delivery Leader. She has over nineteen years of diverse corporate and consulting experience in the fields of Human Resources and Mergers & Acquisitions. Prior to Deloitte, Ms. Vavrek was an analyst at Goldman, Sachs & Co. working directly with investment banking, securities, and other financial service clients. Early on in her career she worked at the law firm of Ballard Spahr.
Heidrick & Struggles International, Inc. provides executive search and leadership consulting services in the Americas, Europe, and the Asia Pacific.
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