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WednesdayJul 21, 2010 9:26 am

Lorus Therapeutics (LRUSF.OB) Approved to Commence Phase I Clinical Trials for Cancer Drug LOR-253

Lorus Therapeutics announced this week that their Investigational New Drug (IND) application has been approved by the United States Food and Drug Administration (FDA) to begin Phase I human trials of their cancer drug LOR-253. The human trials will begin with a dose escalation trial in advanced or metastatic solid tumors with LOR-253 to assess safety, profile, tolerability and antitumor activity in cancer patients as well as pharmacokinetic and pharmacodynamics properties of LOR-253. The Phase I trials will be hosted at Memorial Sloan-Kettering Cancer Center in New York City. LOR-253, formerly LT-253, has selective and potent antitumor activity in a…

WednesdayJul 21, 2010 9:15 am

China Linen Textile Industry, Ltd. (CTXIF.OB) Signs Lease on 23,000-Square Foot Production Facility

China Linen Textile Industry, Ltd., a China-based business engaged in the production and sale of linen yarn and various types of linen fabric, recently announced that the company has signed a lease on a new 23,000-square foot production facility. This new facility will allow the company to expand its linen yarn production capacity and add the capability to bleach linen fabric. The lease term is for a period of 12 months, which commenced on July 1, 2010. In addition, the leased facility includes a spinning production line with 3,000 spindles, bleaching machines and other equipment, which is expected to increase…

WednesdayJul 21, 2010 9:14 am

Ezenia! Inc. (EZEN.OB) Receives New Multi-Year Order

Ezenia! Inc. announced yesterday that they have received a new multi-year order from the United States Air Force. The order totals approximately $1M in licensing royalties for the Ezenia! flagship product line, InfoWorkSpace. The contract is in addition to the renewal Ezenia! received earlier this year. It allows for expanded support of Air Force Warfighters. Ezenia! Inc. is a leading market provider of real-time collaboration solutions for corporate and government networks and eBusiness. The contract provides additional InfoWorkSpace suite licenses to be employed within the Combatant Commands Air, Space and Coalition Air Operation Centers (AOC) and supports six active duty…

WednesdayJul 21, 2010 9:12 am

Keyuan Petrochemicals, Inc. (KYNP.OB) Plans to Generate $1.76 Million in Energy Savings per Year with Gas-fired Steam Boiler

Located in Ningbo, China, Keyuan Petrochemicals was established in 2007 and has been operating through its wholly-owned subsidiary, Keyuan Plastics. In this short period of time, Keyuan has evolved into a leading independent manufacturer and supplier of various petrochemical products. Today, the young company took a major step towards enhancing its future announcing they have commenced construction on a new gas-fired boiler. The project is intended to be completed by the end of November and will cost Keyuan USD $1.47 million. If successful, the gas-fired boiler will cut approximately 30% of all steam supply costs and save the company $1.76…

WednesdayJul 21, 2010 8:57 am

Uranium Energy Corp. (UEC) Video Chart for Wednesday, July 21, 2010

UEC has touched bottom twice and held the base nicely. Yesterday’s candle created a “piercing line” pattern, which is a strong reversal pattern. Today we are looking for confirmation of the reversal. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=444 Let us hear your thoughts below:

WednesdayJul 21, 2010 7:57 am

NetSol Technologies, Inc. (NTWK) Subsidiary Makes Move to Acquire NetSol’s European and North American Subsidiaries

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it has received a proposal to transfer ownership of its two wholly owned subsidiaries, NetSol Technologies Europe ("NTE") and NetSol Technologies North America, Inc. ("NTNA"), to NetSol Technologies Ltd. ("NTPK"), the Company's majority-owned subsidiary in Pakistan. The Pakistan subsidiary has proposed to purchase the two subsidiaries from NetSol at a premium to book value in an all-stock transaction. NetSol currently owns 58% of NTPK and 100% of both NTE and NTNA. If approved, the internal sale of both NTE and NTNA would increase…

WednesdayJul 21, 2010 7:46 am

Tombstone Exploration Corp. (TMBXF.OB) Announces Completion of Hi-Tech GeoPhysical Program

Today, Tombstone Exploration Corp. announced that it has completed the Helicopter-borne time domain electromagnetic GeoPhysical ZTEM program. Selected for its ability to achieve unparalleled resolution and depth of investigation, ZTEM is well suited to image buried porphyry deposits and is capable of gathering data over 6,000 feet (1.25 miles) below ground surface. The airborne ZTEM survey covered over 200 line miles and most of the Tombstone Mining District. The company expects receipt of the data within the next few weeks. The data will be interpreted to provide targets for a giant, high-grade porphyry copper - gold deposit that can be…

TuesdayJul 20, 2010 3:22 pm

White Mountain Titanium Corp. (WMTM.OB) to License New Breakthrough Titanium Processing Technology

White Mountain Titanium Corp., www.wmtcorp.com – owner of the Cerro Blanco rutile deposit in Region III of Northern Chile, a huge source of premium grade titanium dioxide (TiO2) concentrate for the paint and pigment markets, reported signing a Letter of Intent (L/I) to license the Chinuka Process, a new titanium metal technology. The Company, along with Sociedad Contractual Minera White Mountain Titanium (SCM-WMT; a WMTM wholly-owned Chilean subsidiary), La Serena Technologies Ltd., and Chinuka Limited plc, have entered into this L/I to license the Chinuka-developed process realized under the direction of University of Cambridge Professor and Director of Research, Materials…

TuesdayJul 20, 2010 3:18 pm

3DIcon Corp.’s (TDCP.OB) Breakthrough 3D Interface Technology will use Berkeley Lab Nanocrystals

3DIcon Corporation, www.3dicon.net – a pioneer developer of volumetric, full-color, 360-degree, 3D imaging technology for interfaces, visualization and other applications, today revealed the signing of a Materials Transfer Agreement (MTA) with University of California regents through Lawrence Berkeley National Laboratory, under a DOE contract, to obtain Berkeley Lab-developed nanocrystals for use in its work. Founder and CEO of TDCP, Martin Keating, commented on the Company’s completion and patenting of the rendering of 3D applications with the advent of the CSpace® system, and noted that software-layer advancements like Pixel Precision® represent tangible breakthroughs in 3D interface technology. Keating pointed to aspects…

TuesdayJul 20, 2010 3:16 pm

Sinobiopharma Inc. (SNBP.OB) Partners with Xianfeng Pharmaceuticals to Co-produce and Market Two Biopharm Technologies

Biopharmaceutical company Sinobiopharma Inc. focuses on anesthesia-assisted agents and cardiovascular drugs. The company today announced an agreement with Anhui Xianfeng Pharmaceuticals Co. Ltd (Xianfeng) to manufacture and co-market Clindamycin and L-alanyl-L-glutamine. Clindamycin is an antibiotic used to treat anaerobic bacterial infections, some protozoal diseases (such as malaria), and is also used as a topical acne treatment cream; parenteral nutrition product L-alanyl-L-glutamine is prescribed for patients after surgery. Sinobiopharma owns the drug certificates, drug registration approval documents and production technologies of the two products. Per the agreement, Xianfeng will pay Sinobiopharma to obtain access to the technologies. Xianfeng is equipped with…

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