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TuesdayFeb 02, 2010 1:54 pm

GenSpera, Inc. (GNSZ.OB) Receives US Patent for Tumor Activated Prodrugs

Today, GenSpera, Inc. announced that the United States Patent and Trademark Office has issued the company’s patent application, entitled “Tumor Activated Prodrugs,” as US Patent 7,635,682. The patent covers the composition and potential uses of GenSpera’s G-115 second anti-cancer drug, which is currently in development. GenSpera, Inc. owns and controls all rights to G-115. The company anticipates a strategic partnership to maximize the drug’s value as it progresses through future clinical trials. G-115 can be selectively activated within prostate tumors by an enzyme, Prostate Specific Antigen (PSA), which is active only within prostate tissue and prostate cancer tumors. In preclinical…

TuesdayFeb 02, 2010 1:47 pm

Consorteum Holdings, Inc. (CSRH.OB) Led by an Exceptional Management Team

Consorteum Holdings Inc. is a leader in the payments and transactions industry worldwide. The company has taken special care in assembling a dedicated management and consulting team that has a diverse base of knowledge in the financial services, payment and transaction processing industry. Together the team has accumulated more than a century of high-level expertise. Director and CEO Craig Fielding has nearly 20 years of global business experience. He previously served in senior management roles in systems, sales and service for Xerox in North America. Mr. Fielding has also successfully developed consulting businesses, sat on the management team at Soft…

TuesdayFeb 02, 2010 1:42 pm

Halo Companies Inc. (GPAX.OB) Credit Solutions Subsidiary Adds HaloSafe ID to Suite of Identity Theft Protection Services

The Internet has opened a floodgate of innovative channels of identity theft. While online identity theft continues to rise, according to the Javelin Strategy & Research Institute, lost or stolen wallets still make up 42 percent of identity theft crimes. Regardless of how the crime is done, increased identity theft has created a growing market for credit repair and protection technologies. Halo Credit Solutions LLC is a full-service credit repair company and subsidiary of Halo Companies Inc. (GPAX.OB) focused on identity protection. The company today announced it will add HaloSafe ID to its portfolio of services, scheduled to roll-out in…

TuesdayFeb 02, 2010 12:02 pm

China Medicine Corp. (CHME.OB) Announces Closing of Financing, New Board Member

China Medicine Corp. is a developer, manufacturer and leading distributor of western pharmaceuticals, traditional Chinese medicines, nutriceuticals and other medical formulations in China. The company distributes its products to wholesale distributors including more than 300 hospitals and 500 medicine companies that sell to over 2,000 drug stores in 28 provinces throughout China. The company announced today that it has closed the equity private placement contemplated in its stock subscription agreement dated December 31, 2009. It completed the placement with One Equity Partners, the global private equity investment arm of JPMorgan (NYSE: JPM). China Medicine sold 4 million of the company's…

TuesdayFeb 02, 2010 10:05 am

China Clean Energy (CCGY.OB) Announces Appointment of William Chen as Chief Financial Officer

China Clean Energy, Inc., a developer, manufacturer and distributor of biodiesel and specialty chemical products made from renewable resources in The People’s Republic of China, recently announced that the company has appointed William Chen as chief financial officer, effective February 1, 2010. Replacing Ms. Shannon Yan, who resigned on January 31, 2010 to pursue other career opportunities, Mr. Chen will leverage his expertise in the U.S. capital market and strengthen China Clean Energy’s profile as a U.S.-listed company. Prior to joining China Clean Energy as vice president of investor relations on December 3, 2009, Mr. Chen worked as a financial…

TuesdayFeb 02, 2010 9:43 am

Obama Unveils $3.83T Budget with Massive Deficits

Earlier yesterday, President Barack Obama proposed a $3.83 trillion budget designed to invest more money into fighting high unemployment, boosting taxes on the wealthy, and freezing spending for a wide swath of government programs. After a protracted battle on health care and a string of Democratic election defeats, the administration hopes its new budget will convince Americans the president is focused on fixing the economy. As per Obama’s plan, this year’s deficit would amount to a record-breaking $1.56 trillion, topping last year's $1.41 trillion gap. The deficit would remain above $1 trillion in 2011. To combat the deficit, the president…

TuesdayFeb 02, 2010 9:40 am

WikiLoan (WKLI.OB) Gains National Attention through Deal with Fenris

WikiLoan may be one of the most interesting companies you’ve never heard of. WikiLoan is a Social Network with a focus on finance and the young and up-and-coming company has already displayed the potential to network money the way that Facebook and MySpace have networked social interaction. At WikiLoan, family and friends can socially interact while dealing with finance with a focus on loans and loan repayment. WikiLoan takes the stress out of asking for a loan from the borrower while also protecting the lender through their service. While WikiLoan is starting to catch the attention of smallcap investors, the…

MondayFeb 01, 2010 5:07 pm

Energtek, Inc. (EGTK.PK) Announces Initiative to Implement LMP Technology in Africa

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced earlier today plans to implement its natural gas distribution technology in western Africa. The announcement follows a lengthy appraisal of commercial opportunities in the region. Energtek CEO Lev Zaidenberg, CTO Yuri Ginzburg and other staff members recently concluded a series of visits and meetings in Africa. The visits focused on the application of Energtek's proprietary Low-pressure Mobile Pipeline(TM) (LMP) solution for land-transport distribution of indigenous natural gas to industrial and commercial consumers. Additional details are anticipated in the near future. "Many African nations are home…

MondayFeb 01, 2010 4:10 pm

Town and Country Financial Corp. (TWCF) Reports 2009 Profit

Town and Country Financial Corp. reported net income of $1.0 million, or $0.36 per share, for 2009, up sharply from net income of $113,000, or $0.04 per share, in 2008. Town and Country Financial Corporation recorded an after tax charge of $1.8 million, or $0.65 per share, in 2009, to write off bad loans due to the recession and financial crisis. Town and Country Financial Corporation is a bank holding company that owns Town and Country Bank and Logan County Bank, which have 11 branches in Illinois. Town and Country Bank reported total assets of $375 million at the end…

MondayFeb 01, 2010 1:43 pm

FX Energy, Inc. (FXEN) 4Q 09 Production Up 180%

FX Energy, Inc., the independent oil and gas producer operating in the U.S. and Poland, reported 4Q FY 09 production figures today as well as data for all of 09 which clearly show a substantial increase in production. Total production of oil and gas for 4Q 09 amounted to 1.08 billion cubic feet equivalent (Bcfe), a 180% increase over 4Q 08 production figures, and production for all of 09 combined was 2.26 Bcfe, 136% above the 1.67 Bcfe produced in 08. The 4Q production spike is largely attributable to the Roszkow well in Poland coming online in late September 09.…

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