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TuesdayMar 23, 2010 9:55 am

Rexahn Pharmaceuticals Inc. (RNN) Forms Parkinson’s Disease Scientific Advisory Board for Serdaxin Development

Rexahn Pharmaceuticals Inc., a pharmaceutical company focused on commercializing leading oncology therapeutics, CNS disorders and sexual dysfunction, recently formed a Parkinson’s Disease Scientific Advisory Board (SAB) comprised of leading medical researchers in neurology. The SAB will work with Rexahn for the clinical development strategy for the company’s CNS drug candidate Serdaxin. SAB Chairman Dr. William Weiner is the director of the Maryland Parkinson’s Disease and Movement Disorders Center, and professor and chair of the Department of Neurology at the University of Maryland School of Medicine. With more than 40 years of Parkinson’s disease related research behind him, Dr. Weiner recognizes…

TuesdayMar 23, 2010 7:57 am

Cellceutix Corp. (CTIX.OB) “Low Key” About Product Developments

Yesterday we had a discussion with Mr. Leo Ehrlich, Chief Financial Officer of Cellceutix. Mr. Ehrlich is a very low-key gentleman, but inspired us to want to continue research into CTIX. The first item of discussion in our conversation included the fact that a major cancer hospital (no name was mentioned) will be doing the clinical studies on Kevetrin, their flagship product designed to treat cancer cells that do not respond to typical treatments. Cellceutix hopes that the clinical studies will commence in the third or fourth quarter of this year. Which quarter the studies will begin is dependent on…

TuesdayMar 23, 2010 7:46 am

Consorteum Holdings, Inc. (CSRH.OB) Announces Letter of Intent to Acquire Tenzing Interactive

Today before the opening bell, Consorteum Holdings, Inc. announced that it has entered into a non-binding Letter of Intent to acquire Tenzing Interactive. If finalized, Tenzing Interactive will be a wholly owned subsidiary of Consorteum Inc. According to the terms of the agreement, the purchase price is to be payable over a 2-year period and made up of a combination of cash and shares in Consorteum Holdings Inc. The proposed acquisition is part of Consorteum Holdings’ intent to expand both local and international opportunities. Tenzing Interactive will bring with it new value added partners, allowing Consorteum to achieve its long…

TuesdayMar 23, 2010 7:14 am

Attitude Drinks, Inc. (ATTD.OB) Announces Strong Response from College Testing

Attitude Drinks, Inc., based in Palm Beach Gardens, FL, issued a press release this morning to announce the “overwhelmingly positive response” that they have received from colleges and universities regarding their product, Phase III Recovery. Attitude sent letters to 477 schools covering 14 states along the east coast to introduce their new product and has already received responses from 48 of the schools. Unanimously positive feedback has come from 12 of the 14 states that Attitude has contacted so far. Phase III Recovery was formulated as Grade A milk to enhance physical performance and is the only sports drink recovery…

TuesdayMar 23, 2010 7:12 am

Dr. Maximilien Arella Appointed to Bio-Solutions Corp. (BISU.OB) Advisory Board

Bio-Solutions Corp. issued a press release after the close yesterday to announce the appointment of Dr. Maximilien Arella as the newest member of the Bio-Solutions advisory board. Dr. Arella, a Professor at the Microbiology and Biotechnology Research Centre, INRS - Institut Armand – Frappier (IAF), at the University du Québec in Montreal, is described by Bio-Solutions Ceo and President, Dr. Gilles Chaumillon, as “the brainchild behind the development and implementation of GreenEx”. GreenEx, a malaria combating organic insecticide, is the flagship product of Bio-Solutions. GreenEx has been shown to destroy up to 98% or mosquito larvae within a 24 hour…

TuesdayMar 23, 2010 7:05 am

Emtec, Inc. (ETEC.OB) Welcomes Brian Mandel as Executive Vice President, Public Sector

Yesterday, systems integrator Emtec, Inc. announced that the company has expanded its management team to include Brian Mandel as its new Executive Vice President, Public Sector. The Public Sector division includes Federal, State, Local and Education clients. It specializes in IT transformation and optimization consulting, business service management, enterprise architecture, data management and systems integration services. In his new role, Mr. Mandel will oversee the growth of Emtec’s Public Sector Revenues. Regarding his new appointment, Mr. Mandel commented, “I am truly delighted to join Emtec and be part of such a talented team. I’ve met with the leadership of each…

TuesdayMar 23, 2010 7:03 am

Valley National Bancorp (VLY) Expands Deposit, Asset and Loan Portfolios through Acquisition

Valley National Bancorp (VLY) has acquired the deposits and part of the assets of Liberty Pointe Bank from the Federal Deposit Insurance Corporation (FDIC). The FDIC was named receiver for Liberty Pointe Bank after the bank was closed by the New York State Banking Department on March 11, 2010. Valley National Bancorp entered a loss sharing agreement with the FDIC as part of the transaction. Under that agreement, Valley National Bancorp assumed approximately $200 million in deposits, and $180 million in loans. The FDIC agreed to share losses with Valley National Bancorp on the loan portfolio up to an undisclosed…

TuesdayMar 23, 2010 7:01 am

Apco Oil and Gas International, Inc. (APAGF) Reports 2009 Net Income Flat with 2008

Apco Oil and Gas International, Inc. reported net income of $23.5 million, or $0.80 per share, in 2009. This was about flat with the net income of $23.8 million, or $0.81 per share, reported for 2008. Apco Oil and Gas International, Inc. reported revenue of $72.7 million for 2009, up from $69.1 million in 2008. The company attributed the increase to higher oil and gas sales and higher realized prices for natural gas, offsetting weak year-over-year oil prices. Ralph Hill, the CEO of Apco Oil and Gas International, Inc., said, “Our track record of successful drilling in our core properties…

MondayMar 22, 2010 3:55 pm

New Market Technology, Inc. (NWMT.PK) Listed on Regulation SHO List

New Market Technology, Inc., a leader in providing system integration, technology infrastructure services and emerging technology worldwide, issued a press release today to announce that on March 18th it was listed on the Regulation SHO “security threshold” list. A "threshold security", as defined in Rule 203(c)(6) of Regulation SHO, is “any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days: • There are aggregate fails to deliver at…

MondayMar 22, 2010 3:51 pm

Access to Money Inc. (AEMI) Posts Significant Increase in EBITDA Fueled by New Initiatives and Programs

Access to Money Inc., a leading non-bank ATM operator, today posted a significant increase in adjusted EBITDA, select financial results, and other operational updates for the fourth quarter and full year ended Dec. 31, 2009. For the fourth quarter ended Dec. 31, 2009, net sales were $6.8 million compared with $6.8 million in the same quarter last year. The company reported transaction-based sales for the quarter at $19.8 million compared to $20.4 million in the 2008 fourth quarter. Operating income for the fourth quarter 2009 was $1.2 million, up from an operating loss of $19.5 million reported in the fourth…

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