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TuesdaySep 15, 2009 8:28 am

Longwei Petroleum (LPIH.OB) Reports Net Income and Revenue Guidance for Fiscal 2009

Longwei Petroleum Investment Holding Ltd. (LPIH.OB), one of the leading distributors and wholesalers of diesel, gasoline, kerosene and fuel oils in Taiyuan City in the People’s Republic of China, recently announced revenue of approximately $197 million for the fiscal year ended June 30, 2009. The company’s net income totaled $23.9 million, equating to earnings per share of $0.31. Longwei Petroleum also expects to raise capital of approximately $15 million in order to secure inventory and complete the construction of a 70,000-metric ton capacity storage tank facility in Gujiao City, which is expected to add approximately $40 million in revenue and…

TuesdaySep 15, 2009 8:27 am

Wykanta Acquires Asian Distribution Rights for Global Biotech Corp.’s (GBIQ.OB) Products

Global Biotech Corp., a publicly traded green consumer health products development company, recently announced that Wykanta International, Inc., an international nutraceuticals company, is acquiring the exclusive Asian distribution rights for all of Global Biotech’s product line. This agreement includes Global Biotech’s leading oxygenated product “Aquaboost™,” a water product well-positioned to become a leader in the fast-growing oxygenated water consumer market. Under the terms of the agreement, Wykanta International, Inc. will have the exclusive distribution rights for all Global Biotech’s new and existing products in the Asian market, including China, Japan, Korea, Thailand, Indonesia and India. The agreement applies to all…

TuesdaySep 15, 2009 8:25 am

Protalix Biotherapeutics, Inc. (PLX) Completes Phase III Trial for Gaucher Disease Treatment

Protalix Biotherapeutics, Inc. continues to make headlines with its innovative compound, a recombinant form of glucocerebrosidase (prGCD). Last week, the company released that its compound had received the FDA’s Orphan Drug Donation. Yesterday, the company announced that they have completed the Phase III trial for prGCD. The compound is designed to treat Gaucher disease, a rare and serious lysosomal storage disorder in humans with debilitating symptoms. Protalix plans to release top-line results from this study in October 2009, but has shed light on a few details; the trial enrolled 31 patients across Europe, North America, South America, Israel and South…

MondaySep 14, 2009 4:16 pm

September 14th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CUR, CVM, ENZ, IMUC, MBCI, ONEZ, PHC, SVUL Markets finished in positive territory yet again during this holiday shortened week despite the lack of any significant developments on either the corporate or economic fronts. All told, the Dow gained 164 points to close at 9605, up 1.7% on the week and 9.4% on the year. The Nasdaq gained 3.1% on the week, closing at 2080, up 32% on the year, while the S&P 500 and Russell 2000 gained 2.6% and 4.0% respectively on the week, up 15.4% and 18.8% on the year.…

MondaySep 14, 2009 2:45 pm

ALR Technologies, Inc. (ALRT) Up 425% Following QualityStocks Newsletter Mention

ALR Technologies, Inc.’s stock is currently trading at $0.21, up 425%, on massive volume of 3.3+ million traded shares. Earlier this month, QualityStocks highlighted the company in its daily newsletter when the stock was trading for only $0.04 and largely ignored by the investment community. To sign up for the newsletter, visit www.signup.qualitystocks.net. Today, ALR Technologies announced that the US Patent and Trademark Office has approved its patent application regarding patient compliance and remote monitoring of patient's use of nebulizer compressors. This approval protects the company’s Health-E-Connect health management communications system and, more importantly, grants ALRT the exclusive ability to…

MondaySep 14, 2009 2:33 pm

President Obama Issues Stern Warning to Wall Street and its “Reckless Behavior”

We face the fourth quarter with hopes of reform and rebuilding paired with an obvious and earned distrust for the government, Wall Street and the mortgage and banking systems. Between bankruptcies, bailouts and layoffs, some feel that we hit the bottom of the worst economic storm since the Great Depression, and that the next step is to make sure we don’t let history repeat itself. President Barack Obama threw stern words at Wall Street this morning, reminding it of the irresponsible behaviors that drove the U.S. into recession and warning not to fall back into reckless habits. On the first…

MondaySep 14, 2009 1:49 pm

NanoViricides, Inc. (NNVC.OB) Closing In On Magic Bullet

Anil Diwan, Ph.D., president of NanoViricides, Inc., a development stage company creating special purpose nanomaterials for viral therapy, revealed the remarkable potential of this new class of drugs for the treatment of viral disease in a presentation given at the 8th annual NanoBusiness Conference in Chicago recently. NanoViricides has created a class of drug candidates, under the Nanoviricide™ name, that comes as close as anything to the sought after “magic bullet”, able to zero in on specific virus particles and dismantle them. The company is already developing drugs against a number of viral diseases, including H1N1 swine flu, H5N1 bird…

MondaySep 14, 2009 1:45 pm

Ecologix Resource Group, Inc. (EXRG.OB) is “One to Watch”

Ecologix Resource Group, Inc. is a natural resource company focused on the timber industry and production of alternative energy solutions. The company manages a tropical hardwood forest in Cameroon, Africa. They grow and harvest trees for the use of lumber and other fine wood products. Trading on the OTC Bulletin Board, Ecologix Resource Group, Inc. has their corporate headquarters in Beverly Hills, California. Cameroon has extensive tropical timber. The country has approximately 21,245,000 hectares of forest coverage area. This includes a significant amount of commercial tree species. These species represent 75 percent of Cameroon’s timber production. Ecologix is also currently…

MondaySep 14, 2009 12:51 pm

AMG Oil Ltd. (AMGOF.OB) Enters Letter of Intent with Brownstone Ventures

AMG Oil Ltd., through its wholly-owned subsidiary Adira Energy Corp., explores for oil and gas in Israel within areas located on-shore in the Hula Valley and also 10 kilometers offshore between Netanya and Ashdod. The company currently holds two oil exploration licenses, the Eitan license and the Gabriella license, which together cover an aggregate total of about 129,000 acres. The company has announced that it has entered into a letter of intent with Brownstone Ventures, a Canadian-based energy investment company that holds interests in numerous international oil and gas properties. Pursuant to this agreement, Brownstone will have the right to…

MondaySep 14, 2009 12:47 pm

Vivakor, Inc. (VIVK.OB) Announces Completion of Independent Testing of Its VivaBlend Nutraceutical

Biomedical company Vivakor Inc. announced today the results of independent, third-party testing of its VivaBlend nutraceutical product. This product is a powerful extract developed by Vivakor scientists and is derived from over 18 highly bioactive fruits, vegetables and legumes. Through a proprietary formulation and extraction process, the company's scientists created an optimum blend of super-oxidants, flavonoids and powerful plant phenolics. The results from third-party testing show that VivaBlend contains a much higher level of antioxidants, phytochemicals and lipophilic antioxidants, from a wider array of plant sources, than its competitors. Lipophilic antioxidants penetrate the lipoprotein cell membrane more easily than other…

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