MondayJun 27, 2011 12:02 pm

Portage Resources, Inc. (POTG) is “One to Watch”

Portage Resources, Inc. is a start-up mineral company in the pre-exploration stage. The Company is focusing on the exploration and production of precious and base metals in Peru. They plan to recognize and acquire near-term production mining properties. The Company's sole mineral property, the ROK 1-20 Claims (the Portage Claims), was located in the Yukon Territory, Canada. In December 2009, the Company allowed the claims to lapse. Therefore, they have no further rights to the minerals associated with the ROK 1-20 claims. Subsequently, Portage Resources, Inc. has chosen Peru as their first area of expansion. Peru has a rich tradition…

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MondayJun 27, 2011 11:58 am

Allied American Steel Corp. (AAST) Secures Industry Veteran Erik A. Ostensoe for Senior Exploration Adviser Slot

Allied American Steel, the exploration-stage mineral developer focused on iron ore and the typically associated titanium dioxide, reported the appointment of veteran geologist Erik A. Ostensoe, to the AAST management team today with the title of Senior Exploration Adviser. Chairman and CEO of AAST, Jes Black, commented on the appointment, which follows fast on the heels of the retention of another renowned geological mind, Richard Tschauder, as the Company’s Senior Geologist, saying that it is indeed auspicious to have secured such experienced personnel as activity at the Lake Touladi Property begins to pick up steam. Ostensoe has accumulated a vast…

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MondayJun 27, 2011 10:17 am

California Gold Corp. (CLGL) Starts Mexican Exploratory Drilling Program

California Gold Corp. announced that it has started an exploratory drill program at a mining property in Mexico, which the company believes is prospective for tellurium, gold and silver. California Gold is involved with the AuroTelurio project, part of an 18,840 acre mining concession located in Sonora, Mexico. The company can earn up to an 80% interest in this project by spending $3 million over four years on the exploration and development of the property. California Gold said that the AuroTelurio project is situated near the La Bambolla mine, an existing producing mine owned by First Solar (FSLR). The property…

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MondayJun 27, 2011 10:16 am

PureSpectrum, Inc. (PSRU) ‏is “One to Watch”

PureSpectrum, Inc. engages in developing, marketing, licensing and contract manufacturing of fluorescent lighting technology for use in residential, commercial and industrial applications. The Company's goal is to expand the product line, marketing efforts and sales of multiple lines of dimmable linear fluorescent products. Founded in 2000, PureSpectrum Inc. has their corporate headquarters in Pooler, Georgia. PureSpectrum believes interest in their dimmable Compact Fluorescent Lamps (CFLs) will increase when they are capable of offering a complete line of bulbs to include multiple styles and wattages that address varying consumer demands. They are looking to develop and manufacture proprietary and non-proprietary CFLs.…

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MondayJun 27, 2011 10:05 am

Malaga Financial Corp. (MLGF) Announces Election of New Chairman of the Board

On Friday, the Board of Directors of Malaga Financial Corp. announced the election of Mr. Jerry Donahue to the position of Chairman of the Board. Mr. Donahue will also serve as Chairman of their subsidiary, Malaga Bank FSB. Mr. Donahue succeeds Mr. Robert E. Kershaw, who passed away on June 10, 2011. Randy C. Bowers, President and CEO, said, “We are delighted to announce that Jerry will assume the duties of Chairman, and pleased to have such a seasoned businessman leading our Board of Directors. We are fortunate that our entire Board of Directors has served since the opening of…

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MondayJun 27, 2011 8:31 am

CNS Response (CNSO) Files Registration Statement for Public Offering in Canada, U.S.

CNS Response, provider of a reference data and analytic tools platform for medical professionals, announced it has filed a preliminary prospectus with the securities regulatory authorities in Canada to commence efforts for a public offering in each of the Canada provinces, other than Quebec. The offering will be conducted simultaneously on American exchanges if the company files a registration statement with the U.S. Securities and Exchange Commission. CNS noted that Paradigm Capital, Inc. and Mackie Research Capital Corp. will act as placement agents in Canada, and Paradigm Capital U.S. Inc., Noble Financial Capital Markets and Mackie Research USA Inc. will…

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FridayJun 24, 2011 5:02 pm

Scorpex, Inc. (SRPX) is “One to Watch”

Scorpex, Inc. is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site. Joseph Caywood is the founder of Scorpex International and has developed the project for several years. His efforts have included overseeing construction, land acquisition, site development, permit applications, governmental relations, and submitting focused studies and reports by experts…

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FridayJun 24, 2011 4:55 pm

Pfizer (PFE), Pain Therapeutics (PTIE) Receive Complete Response Letter from FDA for Pain Relief Candidate

Pfizer Inc. and Pain Therapeutics Inc. today announced they received word from the U.S. Food and Drug Administration (FDA) regarding the resubmission of a new drug application (NDA) for REMOXY® (oxycodone) Extended-Release Capsules CII. REMOXY is an investigational extended-release oral formulation of oxycodone for the relief of moderate to severe pain. In 2005, Pain Therapeutics signed an agreement with King Pharmaceuticals Inc. to develop and commercialize REMOXY. In 2008, Pain Therapeutics filed the initial NDA for REMOXY. The following year, King Pharmaceuticals assumed full control of drug development and filed a resubmission to the initial NDA in 2010. Earlier this…

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FridayJun 24, 2011 4:54 pm

China Agri-Business, Inc. (CHBU) Operating Subsidiary Inks Deal with China-based Agrochem Manufacturer

China Agri-Business, Inc. operates through China-based Shaanxi Xinsheng Centennial Agriculture and Technology Co. Ltd. to manufacture and sell non-toxic fertilizer, bactericide, and fungicide products used for farming in China. The company today announced that Shaanxi Xinsheng has acquired the managing and operational rights to agrochemical manufacturer Shaanxi Qinfeng Agrochemical Inc. (Qinfeng). Shaanxi Xinsheng will manage Qinfeng’s operations from June 1, 2011, until December 31, 2013. Throughout the duration, Shaanxi Xinsheng is entitled to the net profits or losses from the operations of Qinfeng. Qinfeng’s estimated annual revenue is currently approximately $13.9 million. The deal gives Shaanxi Xinsheng the rights to:…

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FridayJun 24, 2011 4:53 pm

Medical Care Technologies, Inc. (MDCE) Commences Enrollment Process for Pediatric Healthcare Services

Medical Care Technologies, Inc., a development stage company that operates private children’s health clinics in China, announced that it has commenced the enrollment process for its premium healthcare membership program in order to prepare for the grand opening of the Company’s very first facility in Dongguan, China, a very high end commercial district. Families will now be able to enroll in Kid’s Quality Care (KQC), a pediatric services plan from the Teddyberry™ and Company healthcare center that is specifically designed to offer the highest quality pediatric care available for children in China. KQC is a premium healthcare membership program that…

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