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FridayApr 30, 2010 9:36 am

Inergetics, Inc. (MBTG.OB) Lines Up Windmill Health Products for Worldwide Marketing of SurgexTM

Inergetics Inc., formerly Millennium Biotechnologies Group Inc., and currently still trading under MBTG.OB, announced today that they have agreed in principle to have Windmill Health Products sell and market its SurgexTM nutritional supplement worldwide under a three year exclusive distributor relationship. Inergetics is a leading developer of nutritional supplements for the clinical health and sports supplement markets, and offers Surgex sports nutrition formula and Resurgex line of nutrition products for the assisted living community. Windmill Health Products LLC is a leading marketer and distributor of nutritional products. Surgex is a clinically validated calorically dense nutritional formula, designed to improve athletic…

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FridayApr 30, 2010 8:37 am

Consorteum Holdings Inc. (CSRH.OB) Announces Appointment of New Vice President of Sales

Consorteum Holdings, Inc. was pleased to announce yesterday that Mr. Reiner Vanooteghem joined the company as Vice President of Sales. Responsible for driving new and existing initiatives as well as managing the teams within Consorteum’s joint ventures, Mr. Vanooteghem will be accountable to the board for sales results on a quarterly basis. Mr. Vanooteghem has accumulated a wealth of knowledge within the payments industry, from card manufacturing and personalization for prepaid debit cards to credit card processing. He has spent the majority of his career in domestic and international sales. While in the card manufacturing business, Mr. Vanooteghem successfully helped…

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FridayApr 30, 2010 7:36 am

Bergio International, Inc. (BRGO.OB) Expands to Europe

Leading jeweler Bergio International, Inc. announced today that the company is working towards expanding in Europe, with its first retail site in Munich for the fourth quarter of 2010. Bergio representatives commented that the completion of this store will aid in attracting more favorable candidates, strengthening its acquisition strategy and providing a model for future prospects. Berge Abajian, CEO of Bergio International, Inc., commented, "I'm very excited about the prospect of our first flagship store and promise it to be a standard for future locations proposed in Milan and Zurich. Additionally, this should further deepen the brand domestically as well…

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FridayApr 30, 2010 7:35 am

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Announces Completion of Non-Brokered Private Placement Yielding Gross Proceeds of $10 Million

SOKO Fitness & Spa Group, Inc. announced yesterday the completion of a non-brokered private placement of 3,125,000 shares of common stock at a purchase price of $3.20 per share. This yielded gross proceeds of $10 million to SOKO. They made the offering to select institutional and accredited investors. These included two affiliates of IDG Capital Partners and existing investor Guerilla Capital and their affiliates. IDG Capital Partners is a China-focused investment firm. They have a strong record of accomplishment of providing capital for Chinese growth companies. Guerilla Capital Management and their affiliates are active China investors. There was no issuing…

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ThursdayApr 29, 2010 2:57 pm

North State Bancorp (NSBC) Reports Lower Net Income and Decline in Asset Quality

North State Bancorp reported net income of $514,000, or $0.07 per diluted share, in the first quarter of 2010. The bank earned $833,000, or $0.11 per diluted share, in the first quarter of 2009. North State Bancorp attributed the decline in earnings to an increase in the loan loss provision, higher premiums from the Federal Deposit Insurance Corporation (FDIC) for the bank insurance fund and higher expenses due to foreclosed real estate. Larry D. Barbour, the CEO of North State Bancorp, said, “We are pleased to report positive earnings in a difficult economy, one that has as much uncertainty as…

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ThursdayApr 29, 2010 2:54 pm

AeroCentury Corp. (ACY) Gets New Credit Facility

AeroCentury Corp. announced the signing of a $75 million credit facility with a consortium of banks led by Union Bank, N.A. The credit facility can be increased to $110 million and expires on 4/21/2010. AeroCentury Corp. said that the company drew down part of the new facility to pay down the previous credit facility that was due to expire on 4/30/2010. Neal Crispin, the President of AeroCentury Corp., said, “Given that conditions in the global capital markets are still extremely challenging, we believe it is a significant accomplishment to have closed this new facility. We are pleased to have Union…

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ThursdayApr 29, 2010 1:10 pm

China Wi-Max Communications, Inc. (CHWM.OB) and Dragon Telecom International Agree to Contract Terms

China Wi-Max Communications, Inc. announced today that they have agreed to a wholesale carrier agreement with Dragon Telecom International, Ltd. of Hong Kong. The agreement gives CHWM access to 2.5 Gbps which can be expanded to 10Gbps and 100Gbps via dual fiber connection between Hong Kong and mainland China in the future. China Wi-Max has been aggressively pursuing agreements to grow their ever-expanding fiber and wireless connections business in China and surrounding countries. Through expansion, companies in China, and outside of China, will be able to easily provide Private Line Services via International Carrier Meet Me Centers in Hong Kong…

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ThursdayApr 29, 2010 1:03 pm

Provectus Pharmaceuticals, Inc. (PVCT.OB) Moving Forward with Licensure of PV-10 for Metastatic Melanoma, Successfully Concludes End-of-Phase 2 FDA Meeting

Provectus Pharmaceuticals, Inc., a development-stage biopharma specialist creating innovative new therapies for the oncology (focused on melanoma) and dermatology markets, whose leading oncology agent, PV-10, is engineered to precisely target cancer cells without harming surrounding tissues while delimiting negative side effects, announced the holding of an end-of-Phase 2 meeting with the FDA regarding licensure endpoints and the potential clinical program scope of the Company’s metastatic melanoma formulation PV-10. Held at White Oak Campus, the FDA’s site in Silver Spring, MD, with the essential goal of creating consensus relevant to extant clinical data as to how to proceed, the meeting offered…

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ThursdayApr 29, 2010 12:59 pm

Cosi, Inc. (COSI) Sells 13 D.C. Restaurants to Franchisee

Cosi, Inc. recently announced the sale of 13 restaurants to Capitol C Restaurants LLC for $8.4M. The restaurants, located in the Washington D. C. market, will function under a franchise operation agreement signed by both parties, and Capitol C has also begun a development agreement for the opening of an additional 6 restaurants in the D.C. market. Cosi operates a leading nationwide chain of premium convenience restaurants specializing in select foods based on a secret recipe for deliciously shattering-crust flatbread handed down through the generations. This artisan bread is baked in front of customers in prominently located stone hearth ovens,…

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