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MondayJun 14, 2010 7:13 am

Cellceutix Corp.’s (CTIX.OB) New Autism Drug Research on Compound KM-391 Results in Significant Behavioral Changes

This morning before the opening bell, Cellceutix Corp. announced that a new animal study of its compound for autism spectrum disorder, KM-391, further demonstrated a positive impact on several measures of behavior associated with autism. As announced by the company last week, Cellceutix expedited the research through a collaborative effort with InterEd Faculty of Clinical Research (IFCR) in India and the prestigious Cochin University of Science & Technology (CUSAT). In the study, test subjects were injected with a compound to simulate autistic behaviors then injected with an oxytocin antagonist to intensify the symptoms. Test subjects were divided into four groups,…

FridayJun 11, 2010 12:26 pm

e.Digital Corp. (EDIG.OB) Wraps up Filings, Posts Solid Fiscal Year 2010 Data

e.Digital Corporation, www.edigital.com – a developer of patented flash memory technologies and provider of cutting-edge, in-flight entertainment (IFE) with market penetration into over 30 airlines, announced solid FY10 (ended March 31) results yesterday. President and CEO of EDIG, Fred Falk, commented on the successful, 30-percent growth of the Company’s eVU™ IFE market, the many new and follow-up orders for the platform, the “increased portable IFE interest from long-haul carriers” and the progress on the next generation of the platform – all of which were exciting indicators that 2011 is going to be a good year. Another major promising factor is…

FridayJun 11, 2010 12:24 pm

American Perspective Bank (APBA.OB) Completes Name Change, Website Upgrade

American Perspective Bank - www.AmericanPerspectiveBank.com – announced yesterday that the change of name, from American Principle Bank, was completed (including legal work) pursuant to the May 2010 approval of an amendment to the Articles of Incorporation at the Bank’s Annual Meeting. Operations are proceeding under the new name, but there has been no change in the logistical infrastructure or personnel and the Bank will continue to use the same phone numbers and mailing addresses with which clients are familiar. The old website has been closed down and now forwards directly to www.AmericanPerspectiveBank.com, which features a complete redesign and enhanced information…

FridayJun 11, 2010 12:05 pm

Considering Longer-term Investments in New Product Biotechnology Development

As equities continue to show uncertainty, some suggest that an opportunity exists to look toward the future and new product development. Time horizon is a bit more of an issue, but if the right product opportunity presents itself, extreme profit may well be in the cards. The real issue, however, is where to look for these opportunities. New products can and do present themselves everywhere, but there is really little telling what may be a winner or loser after the development process is complete. There are, however, areas where the likelihood of success is greater than others. As may be…

FridayJun 11, 2010 11:29 am

Champion Industries, Inc. (CHMP) Reports Second Quarter of 2010 Results

Champion Industries, Inc. reported net income of $333,000, or $0.03 per share, in the second quarter of 2010, which ended 4/30/2010. The company reported net income of $295,000, or $0.03 per share, in the same quarter last year. Sales fell by a single digit percentage on a year over year basis. Champion Industries, Inc. reported sales of $33.7 million in the second quarter of 2010, compared to $36.1 million in the same quarter of 2009. Champion Industries, Inc. is a diversified company with operations in several different areas including commercial printing, office products and furniture and business forms supply. The…

FridayJun 11, 2010 10:04 am

Herley Industries, Inc. (HRLY) Reports Increase in Net Income and Sales

Herley Industries, Inc. reported an increase in net income and sales in the third fiscal quarter of 2010 ending 5/2/2010. The company also reported strong bookings during the quarter and an improved backlog. Herley Industries, Inc. reported net income of $2.6 million, or $0.19 per diluted share, in the third fiscal quarter of 2010, compared to $2.4 million, or $0.18 per diluted share, in the corresponding quarter of fiscal 2009. Herley Industries, Inc. reported sales of $45.4 million in the quarter that just ended, compared to $41.8 million in the same quarter of fiscal 2009. The company ended the quarter…

FridayJun 11, 2010 10:03 am

Zhongpin, Inc. (HOGS) Announces New Meat Processing Plant and Distribution Center in China

Zhongpin Inc., a leading meat and food processing company in China, today announced plans for a major new processing plant and distribution center to serve eastern China, including Shanghai and the Yangtze river delta area. The plant will be located in Jiangyan, north of Shanghai on the eastern coast of China, and will be operated through a new subsidiary company named Taizhou Zhongpin Food Co., Ltd., with an initial registered capital of $7.3 million. It will produce chilled and frozen pork and prepared pork products, and will significantly broaden Zhongpin’s cold-chain logistics business in Jiangsu province. Construction of the new…

FridayJun 11, 2010 10:01 am

China Electric Motor Appoints Dexter Fong as Chief Financial Officer

China Electric Motor Inc. (NASDAQ: CELM) is a China-based company that engages in the design, production, marketing and sale of micro-motor products through its subsidiary Shenzhen YPC. The company's products are incorporated into consumer electronics, automobiles, household appliances, toys and power tools, and are sold under its “Sunna” brand name. It sells its micro-motors to customers in China, Hong Kong and Korea. The company announced today that Heung Sang “Dexter” Fong, who has served as a director of China Electric since January 2010, has been appointed to the role of chief financial officer and corporate secretary. The CEO of China…

FridayJun 11, 2010 9:06 am

DecisionPoint Systems Inc. (DNPI.OB) Exceeds Expectations with Launch of MobileArc for Couriers

DecisionPoint Systems Inc. is a young company that is starting to earn the attention of savvy investors on Wall Street. Located in Foothill Ranch, California, DecisionPoint Systems has made a name for themselves by delivering improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. One of the main reasons for the success of DecisionPoint is the launch of their MobileArc for Couriers. MobileArc for Couriers is a comprehensive package of services, which enables courier and same-day delivery companies to offer sophisticated delivery tracking for their customers, the same services…

FridayJun 11, 2010 9:01 am

New Leaf Brands (NLEF.OB) Donates Iced Teas to the Michael Napoleone Memorial Baseball Tournament

New Leaf Brands recently made a large donation of their iced teas for a weekend baseball tournament charity fundraiser hosted by the Michael Napoleone Memorial Foundation held in Batavia, NY over Memorial Weekend. The third annual Michael Napoleone Memorial Baseball tournament held at the Batavia Minor League and Little League complex on May 28-30 was a great success as teams from many Western New York cities, including Pittsford, Penfield, Avon, Fairport, Victor, Amherst and Batavia, competed in two different age brackets. The weekend weather was some of the hottest days of the year. Thanks to the generosity of New Leaf…

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