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MondayOct 05, 2009 4:00 pm

October 5th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CHIP, ENZ, ICLK, IMUC, IWEB, MBCI, OMCM, ONEZ, ORMP Markets extended their losses last week as less than encouraging economic news suggesting that the economy might be recovering more slowly than previously anticipated led to sell offs in all the major indices. All told, the Dow ended the week down 177, surrendering 1.8% on the week to close at 9487, paring its YTD gains to 8.1%. The Nasdaq lost 2% on the week, closing at 2048, up 29.9% on the year, while the S&P 500 and Russell 2000 lost 1.8% and 3.1%…

MondayOct 05, 2009 2:33 pm

AVI BioPharma, Inc. (AVII) Awarded Additional Government Funding

AVI BioPharma, Inc., developer of RNA-based drugs, announced today that it has received expanded contract funding from the government for the development of the Investigational New Drug (IND) data package for its candidate drug AVI-7012, which is designed to treat Junin virus infection. The Junin virus, though rare, has a mortality rate of 20%-30%, and is considered a potential bioterrorism agent. The expanded funding of approximately $11.5 million comes from the DTRA (Defense Threat Reduction Agency) as part of their Transformational Medical Technologies Initiative (TMTI). To date, the Department of Defense has contracted with AVI for work of up to…

MondayOct 05, 2009 2:30 pm

Omnicity, Inc. (OMCY.OB) Up 35% Following Mention in the QualityStocks Blog

Shares of Omnicity Inc. are currently trading at $0.55, up $0.05 or 10% for the day. The move has been accompanied by strong volume which is approaching 600,000 shares, well in excess of the average daily volume of about 35,000 shares. Omnicity shares moved higher after a “One to Watch” alert was issued by QualityStocks Daily Blog on September 30th. On that day, the stock opened at $0.46 – and with today's high trade occurring at $0.62 – that makes for nearly a 35% gain in only a few short days! Omnicity provides broadband access, including advanced voice, video and…

MondayOct 05, 2009 1:22 pm

MATECH Corp. (MTCH.OB) is “One to Watch”

Trading on the OTC Bulletin Board, MATECH Corp. is an engineering, research, and development company. They specialize in technologies to measure microscopic fractures in metal structures. MATECH is currently marketing their patented Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection technologies to bridge asset managers, railroad companies, and governmental agencies across the United States and worldwide. Founded in 1983, MATECH Corp. has their corporate headquarters in Los Angeles, California. MATECH's EFS technology is used for detecting cracks in bridges and other structures. The technology has proven its efficacy on over 35 bridges in ten different states. The EFS technology is…

MondayOct 05, 2009 1:18 pm

COPsync, Inc. (COYN.OB) Enters Contract with Texas County Sherriff’s Office

Software technology provider COPsync, Inc. reported today that it has entered into a contract with the La Salle County, Texas Sheriff's office for the implementation and use of its real-time data collection and information sharing software in patrol vehicles. Recently, La Salle County received a grant to implement COPsync technology under the Community Oriented Policing Services (COPS) program, awarding grants to law enforcement agencies for hiring and training community policing professionals. The COPS program also allows for the acquisition and deployment of cutting-edge crime-fighting technologies, as well as the development and testing of innovative policing strategies. Since 1994, the COPS…

MondayOct 05, 2009 1:12 pm

Inovio Biomedical (INO) Delivers “Promising” Results in Animal Study for Novel H1N1 Influenza Vaccine Candidate

Inovio Biomedical is engaged in the design, development and delivery of DNA vaccines for the prevention and treatment of cancers and infectious diseases. The company today announced that a combination of its synthetic consensus (SynCon) H1N1 influenza vaccine candidates achieved protective antibody responses against A/H1N1 (2009) in 100% of the ferrets in its animal study. While the company has delivered “promising” results in similar studies with mice and pigs, according to the company, the ferret model is the most similar representation of human influenza. Today’s positive news marks a significant achievement for the company and its vaccine development. Dr. J.…

MondayOct 05, 2009 1:00 pm

Mobile Star Corp. (MBST.OB) to Launch on OTC Bulletin Board

In an event that has garnered national attention, Mobile Star Corporation, developer of coin-operated karaoke vending machines, announced that it will be the first company from Israel to launch on the OTC Bulletin Board in over one year. Recently, Mobile Star was covered in a report by the reputable Israel financial publication Calcalist. According to the report, Mobile Star is a unique and up-and-coming corporation, and will be the first company with Israeli management to be taken public on the OTC Bulletin Board since the start of economic crisis on Wall Street began last year. Leading the way at Mobile…

MondayOct 05, 2009 12:55 pm

EGPI Firecreek, Inc. (EFIR.OB) Signs Letter of Intent to Acquire Signalization and Lighting Company

EGPI Firecreek Inc. today announced the signing of a letter of intent to acquire a privately-owned signalization, intelligent traffic systems and lighting company based in Florida that services the southeast United States. This Florida-based company is engaged in all facets of the Department of Transportation (DOT) construction industry. Over the last nine years, they have created and managed an experienced group of personnel that specialize in signalization, lighting, signing and intelligent traffic systems. The company also has experience working with private and public entities including many large retailers such as Wal-Mart, Lowes and Home Depot, along with several private developers,…

MondayOct 05, 2009 12:49 pm

Silver Dragon Resources, Inc. (SDRG.OB) Signs Definitive Agreement to Sell Erbahuo Mine in China

Silver Dragon Resources Inc. is a metals and mining company focused on acquiring silver mining assets around the globe that have promising exploration targets, highly-leveraged out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. Currently the company has silver mines in both Mexico and China. The company announced today that it has entered into a definitive agreement to sell its Erbahuo polymetallic project in China along with its Chinese subsidiary, Chifeng Silver Dragon Resources & Technologies Ltd., to a private Chinese investor for about $882,000. In addition, the company will receive funds from the value of the…

MondayOct 05, 2009 12:45 pm

Depomed, Inc. (DEPO) Stock Jumps After Successful Phase 3 Trial of New Drug

Depomed, Inc. stock moved up $1.25 to $5.66 in robust trading today on word of top-line results for Phase 3 clinical trials of its new drug. DM-1796 (gabapentin ER) is a newly formulated, once-daily pain relief drug for postherpetic neuralgia (PHN), a persistent condition caused by nerve damage from having shingles. The drug passed FDA’s baseline observation carried forward (BOCF) methodology, and spiked the pain reduction curve on the Lickert pain scale in a ten-week observation period. Solvay Pharmaceuticals, Inc. has been granted a license for DM-1796 in North American markets. In a statement, president and CEO of Depomed, Carl…

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