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TuesdayMar 16, 2010 12:55 pm

Compugen Ltd. (CGEN) Announces Discovery Platform to Predict Cell Penetrating Peptides for Drug Delivery

Israeli drug and diagnostic product discovery company Compugen Ltd. today announced the development and validation of its Intracellular Drug Delivery (IDD) discovery platform for identification of cell penetrating peptides. The company also reported that as part of the validation process for the new platform, more than twenty novel peptides demonstrated the predicted cell penetrating properties in initial experimental validation studies. The delivery of biological molecules across selectively permeable cell membranes and into the cells represents a major challenge for the pharmaceutical industry. Important classes of drugs now under development need to enter cells to be effective. Since most are unlikely…

TuesdayMar 16, 2010 12:36 pm

General Environmental Management, Inc. (GEVI.OB) Using Improved Financials for Transition to Wastewater Treatment and Waste-To-Energy

General Environmental Management Inc. is now pursuing opportunities to build its position in the wastewater treatment and waste-to-energy industries, leveraging the funds it received from the sale of its Western Region Field Service business and its Rancho Cordova Transfer, Storage, and Disposal Facility, to Luntz Acquisition LLC. That sale was approved at a special meeting of stockholders on February 19, and was completed on February 26. It significantly improved GEM’s financial options, and will allow the company to move forward into what it sees as a more profitable market. The immediate effect of the sale was to reduce GEM’s outstanding…

TuesdayMar 16, 2010 12:31 pm

Vycor Medical Inc. (VYCO.OB) to Distribute New Cranio-Technology System in China’s Multi-Billion Dollar Medical Device Market

Medical device maker Vycor Medical Inc. today announced it has started the registration process for State Food and Drug Administration (SFDA) in the People's Republic of China (PRC) in collaboration with recently appointed exclusive distribution partner Devon Medical Inc., a manufacturer and distributor of creative, safe, and cost-effective medical devices. The two companies will jointly distribute Vycor's VBAS (ViewSite™ Brain Access System), a new approach to brain retraction, in China and South Korea, leveraged by the PRC government’s plans to spend USD$125 billion in addition to its usual healthcare budget over the next three years. According to the China Business…

TuesdayMar 16, 2010 11:06 am

Environmental Tectonics Corp. (ETCC.OB) Sets Delivery of Disaster Management Training Simulators for Saudi Arabian Civil Defense

Environmental Tectonics Corp.'s (ETC) Simulation Division has received acceptance for the delivery of three Advanced Disaster Management Simulators (ADMS) to the Saudi Arabian Civil Defense, stemming from an agreement secured in December 2008. ADMS is a virtual reality simulation training stage that three training institutes in Saudi Arabia will use to train its first responders and emergency managers on all levels of response. The simulators are based on ETC's signature technology, loaded with artificial intelligence, accurate animations, photo-realistic graphics, and ambient sounds. "It is a pleasure to cooperate with the ADMS project team of the Riyadh Civil Defense Institute. ETC…

TuesdayMar 16, 2010 10:52 am

Smart Kids Group (SKGP.OB) and Children’s Education Network Sign MOU

One company that has started to establish themselves is the Sante Fe, New Mexico-based Smart Kids Group. With their catchphrase “Catch the Buzz!”, Smart Kids Group is a cutting-edge company that develops, distributes and licenses quality children’s character based Edutainment products through a variety of media which includes television, video, retail and the Internet. Today, Smart Kids Group took a major step towards enhancing their future with the announcement they have signed a Memorandum of Understanding (MOU) with Children’s Educational Network, Inc. The MOU will expand the distribution and accelerate the growth of Smart Kids Group. The company is seeking…

TuesdayMar 16, 2010 10:30 am

Portec Rail Products, Inc. (PRPX) Reports Year over Year Decline in Profit for Fourth Quarter of 2009

Portec Rail Products, Inc. reported net income of $1.4 million, or $0.15 per share, in the fourth quarter of 2009, down slightly from the $1.5 million, or $0.16 per share, reported in the same quarter of 2008. Revenues also fell on a year over year basis from $24.3 million in the fourth quarter of 2008 to $19.2 million in the fourth quarter of 2009. Portec Rail Products, Inc. also reported a decline in net income for the full year 2009. The company reported net income of $6.8 million, or $0.71 per share, in 2009, compared to net income of $7.7…

TuesdayMar 16, 2010 10:29 am

American Oriental Bioengineering, Inc. (AOB) Reports Profitable Fourth Quarter Of 2009

American Oriental Bioengineering, Inc. reported comprehensive income of $12.3 million, or $0.14 per diluted share, in the fourth quarter of 2009. This was up sharply from the $7.8 million, or $0.10 per diluted share, reported in the same quarter in 2008. In 2009, the company increased revenue to $296.2 million from $264.6 million in 2008, an increase of 12%. Comprehensive income fell over the same time period, however, from $62.8 million, or $0.61 per diluted share, to $42.7 million, or $0.53 per diluted share, in 2009. “We are very pleased with our 2009 performance despite the increasingly challenging economic environment…

TuesdayMar 16, 2010 10:27 am

BIOLASE Technology Inc. (BLTI) Announces FDA 510(k) Clearance of iLase Personal Laser for Dental Market

BIOLASE Technology Inc. is the world's leading dental laser company. The company today announced that it has received 510(k) clearance from the US Food and Drug Administration (FDA) to market its iLase diode laser and it will begin shipping the laser in April. The iLase diode laser is the world's first personal laser for dentists and hygienists for performing a full range of minimally invasive soft-tissue and hygiene procedures. The iLase is the first completely self-contained, hand-held dental laser that includes the laser, user interface, battery power and controls in a single, integrated hand-piece with no foot pedals or cords…

TuesdayMar 16, 2010 9:13 am

eDoorways Corp. (EDWY.PK) Announces Successful Results at SXSW’s Interactive Festival

eDoorways Corp. announced this morning its successful presentation at the South By Southwest (SXSW) Interactive Festival. Whether it's the eye-catching display booth, surprise demonstration of the company's iPhone® application, eSee Technologies' heAR App, a couple of hundred new site registrants or the sneak peek releases of v2.5, the Austin web-based software technology company had much to offer attendees. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corporation, stated, "We knew that showing at South By Southwest would be a great experience for the company. A few of the biggest names in the technology space have enjoyed greater worldwide success…

TuesdayMar 16, 2010 8:34 am

CitySide Tickets Inc. (CIST.PK) Banks on Experience and Acquisition

CitySide Tickets Inc., owner and operator of CitySidetickets.com, was launched from the entrepreneurial spirit of CEO Michael DeAmicis, who spent his teenage years selling extra tickets to Boston Red Sox games outside Fenway Park. In 2002, DeAmicis turned his first job into a career, creating and running CitySide Tickets out of his home; he eventually opened shop right next to Fenway Park, what turned out to be the perfect location for business. "Through this experience I realized there was a lot of money to be made in the ticket business," DeAmicis told TicketNews in a recent interview. DeAmicis said between…

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