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FridayMay 21, 2010 3:45 pm

Spherix Inc. (SPEX) Reports Progress On Phase 3 Trial for Diabetes Drug

Spherix Inc. reported progress on a Phase 3 clinical trial for its new drug to treat Type 2 diabetes and expects results in the third quarter of 2010. Spherix is developing D-tagatose, which is used to reduce blood sugar levels in patients suffering from Type 2 diabetes. D-tagatose works by decreasing glycogen utilization in the body, which leads to better control of blood sugar. Spherix has two clinical trials underway for D-tagatose with the Food and Drug Administration (FDA) under the Investigational New Drug Application (NDA) format with the agency. The company has a Phase 2 trial to evaluate D-tagatose…

FridayMay 21, 2010 2:18 pm

Financial Institutions Close Higher After Senate Bill Smoke Clears

The Senate passed H.R.4173 (The Wall Street Reform and Consumer Protection Act of 2009) yesterday releasing the steam valve at major financial institutions across the board - reflected by Friday’s buoying of stocks by midday at Goldman Sachs (4.1%), Bank of America (4.25%), Citigroup (2.89%), JPMorgan Chase (5.26%), Morgan Stanley (5.34%) and Wells Fargo (4.25%). The bill is still due to be reconciled with the House version of the bill, passed in December 09, primarily on account of the Senate version’s requirements, which would force big banks to forego as much as half of all trading revenue at the biggest…

FridayMay 21, 2010 2:15 pm

Citi Trends, Inc. (CTRN) Posts Record Breaking First Quarter Financials, Belying Strong Fundamentals and Market Position

Citi Trends, Inc., www.cititrends.com – an optimal-price urban fashion retailer focused on providing offerings for the entire family, which has a network of 420 stores in 24 states, disclosed record-breaking 1Q FY10 (ending May 1) results this week on Wednesday, May 19, 2010. Not only was the data so good it broke all of the Company’s 1Q records, it broke the record for any quarter in CTRN’s history: • Total Sales up 26.8% to $181.4M • Comparable Store Sales up 9.6% (a 2.2% gain from 1Q FY09 increase of 7.4%) • Net Income up 36.3% to $12.4M • EPS up…

FridayMay 21, 2010 1:48 pm

Amico Games (AMCG.OB) Keeping Stride with Expanding Phone Technology by Upgrading “Journey to the West Online” Graphics

Amico Games announced that it plans to upgrade the in-game graphics for its flagship product “Journey to the West Online.” Amico believes that this upgrade will enhance attractiveness to high-end Chinese mobile users. The game, based on the Chinese novel “Journey to the West,” is already one of Amico’s most profitable cell phone games with nearly 18 million users. Amico recognizes the constant technological advances with cell phones and wants to ensure that they are meeting or exceeding industry standards with their popular phone game. Mr. Peter Liu, CEO and President of Amico Games commented in the press release, "We…

FridayMay 21, 2010 1:11 pm

Kemet Corp. (KEME.OB) Up 590% Following QualityStocks Newsletter Coverage

Kemet Corp. is currently trading at $2 per share, up $0.10 or 5.26 percent for the day. The stock is down a bit from its 52-week high at $2.39, but the shares have held up fairly well in the stock market selloff. The shares have come a long way from the day it was initially mentioned in QualityStocks Free Daily Newsletter on April 2, 2009. At that time, Kemet was trading for only $0.29 a share. Investors who purchased the shares at that time have seen their investment grow by about 6 times! Kemet Corporation applies world-class service and quality…

FridayMay 21, 2010 11:31 am

eDoorways Corp. (EDWY.PK) Web 3.0 Tech Corner

eDoorways Corp. is a fast-growing vendor/consumer online network based on the idea that social networking and advanced search technologies represents a huge opportunity for vendor and consumer communication and interaction. The company is facilitating this interaction through its eDoorways platform. For more information on the company and its eDoorways platform, please visit www.edoorwayscorp.com. The eDoorways platform creates an immediate solutions network which connects local businesses with consumers in need of immediate answers, goods or services, with expert assistance. This network of people and small businesses offers immediate solutions on a level never before possible. This platform will not only save…

FridayMay 21, 2010 11:15 am

Richmont Mines Inc. (RIC) Finds Frugality and Prudence the Key to Solid First Quarter Returns

Occasionally a company will pop up that sends a message of some sort. On paper it appears solid and profitable but when considered a bit more closely sends a message of "what is happening here?" This is not a bad message in any way but one that causes an investor to wonder. These sorts of investments can be very profitable but are ones that bare closer scrutiny if a return is to be had. Richmont Mines Inc., a gold mining company, works to acquire, develop and exploit gold mining properties primarily in eastern Canada. The company holds primary interests in…

FridayMay 21, 2010 10:07 am

Tactical Air Defense Services (TADF.OB) Makes Major Acquisition

One company that is starting to capture the attention of investors on Wall Street is Tactical Air Defense Services, Inc. Today, Tac-Air took a major step towards enhancing its future with the signing of a letter of intent to acquire Tactical Air Support Inc. ("Tac-Air"), an Aerospace/Defense Services contractor that was founded by a group of former military instructors. The terms of the Letter of Intent will allow Tac-Air shareholders to receive approximately 46% of the outstanding post-acquisition shares of TADF stock. This is a major accomplishment for the young Tac-Air which has already won and successfully executed multiple Aerospace/Defense…

FridayMay 21, 2010 10:00 am

China Pediatric Pharmaceuticals (CPDU.OB) Posts Record First Quarter Results

China Pediatric Pharmaceuticals, Inc., China-based producer and distributor of pediatric medicines, has announced record first quarter results, including increased net sales, gross profit, and net income. Sales for the quarter ended March 31, 2010, were $6,708,892, an 87% increase from the same period last year. Gross profit increased by 69% to $3,799,354. Net income increased 86% to $1,467,449. Earnings per share increased by 70% to $.017. Revenue increase was attributed mainly to the increase in sales of the company’s popular “Cooer” Series of products, due to intensive promotion. A corresponding increase in promotional and advertising expenditures of around $438,000 resulted…

FridayMay 21, 2010 9:58 am

PLC Medical Systems, Inc. (PLCSF.OB) to Demonstrate Its Product at European Conference

PLC Medical Systems Inc. is a medical technology company specializing in innovative technologies for the cardiac and vascular markets. The company's newest product, RenalGuard, is approved for sale in the European Union as a general fluid balancing device. In addition, PLC has received Notices of Allowances for four of its patent applications associated with its RenalGuard technology from the US Patent and Trademark Office. The company announced today that it will demonstrate RenalGuard at EuroPCR, the annual meeting of the European Association of Percutaneous Cardiovascular Interventions (EAPCI), May 25-28, 2010, in Paris, France. More than 11,000 clinicians and professionals are…

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