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FridayMay 16, 2008 6:03 pm

Kensey Nash Corp. (KNSY) Enters Into Sales Agreement with Spectranetics

Kensey Nash Corp. (KNSY), a medical technology company that provides solutions and technologies for a variety of medical procedures, has entered into a definitive agreement with Spectranetics Corporation. Under the agreement, the company will sell its endovascular business, including the ThromCat™, QuickCat™ and Safecross™ products, to Spectranetics. Spectranetics manufactures and sells the only excimer laser approved in the United States, Europe and Japan for use in multiple, minimally invasive cardiovascular procedures. Kensey Nash will receive up to $24M consisting of a $10M initial cash payment, $8.0M in future product development milestone payments, and a $6.0M milestone associated with cumulative sales.…

FridayMay 16, 2008 4:29 pm

OTCPicks Featured Company: Millennium Cell, Inc. (MCEL) Ceases All Operations

Millennium Cell, Inc. (NASD: MCEL) informed the public that they will be terminating the company's executive officers and employees at the close of business on Friday, May 9. Employees of the company were advised that there could be a possible recall offer for employment if immediate cash funding in a sufficient amount is attained to restart operations. The Executive Committee of the Board of Directors and other members of senior management who are serving on a voluntary basis only have been in contact with a corporation that has expressed interest in entering into a reverse merger transaction with the company,…

FridayMay 16, 2008 4:26 pm

Mega Media Group Inc. (MMDA.OB) Subsidiary Pulse 87 Hits the Big Apple with Big Advertising Opportunity

Pulse 87, a subsidiary of Mega Media Group Inc. (OTCBB: MMDA), is a dance music radio station playing the latest hits and remixes from around the world. The radio station is also home to the Star & Bucwild Morning Show in New York. This fully commercial radio property, broadcasted at 87.7 FM, reaches an average of 30,000 listeners each week via netcast alone. The station’s Web site allows for online listening, hosts a barrage of celebrity news articles, the station’s recent playlist, featured artists, contests, downloads and more. The station's variety of popular music attracts a large demographic, spanning teenagers…

FridayMay 16, 2008 1:06 pm

Finisar Corp. (FNSR) and Optium Corp. (OPTM) to Create the World’s Largest Component Supplier for Communications Industry

Finisar Corp. (Nasdaq: FNSR) and Optium Corp. (Nasdaq: OPTM) will join forces to become the world’s largest supplier of optical components, modules and subsystems for the communications industry. The partnership is beneficial to both companies, creating new growth opportunities and a strengthened core customer relationship paired with complementary product portfolios. “This combination leverages the unique strengths of both companies,” Eitan Gertel, chairman and CEO of Optium stated in the press release. “In combining with Finisar, we will unleash a powerful opportunity to create added shareholder value through breadth of product, enhanced customer support and manufacturing flexibility. With little product overlap,…

FridayMay 16, 2008 1:04 pm

China Biopharmaceuticals Holding Inc. (CHBP.OB) Posts 78 Percent Increase in Q1 Revenue

China Biopharmaceuticals Holding Inc. (OTCBB: CHBP) focuses on the discovery, development, manufacturing and marketing of pharmaceutical products in the People’s Republic of China. Today the company announced its first quarter results for the period ended March 31, 2008. China Biopharmaceuticals posted first quarter revenue at $10.9 million, up 78 percent from $6.1 million last year. The company attributes the increase to the rise in price and sales of its raw material drugs at its main manufacturing plant, Erye; the revamped medical insurance system in China, promoting Erye’s drugs; and the increased price of freeze-dried drugs. Net income was $492,076 for…

FridayMay 16, 2008 1:02 pm

Celsius Holdings, Inc. (CSUH.OB) Announces Partnership with Griffin Beverage Company

Celsius Holdings, Inc. (OTCBB: CSUH) announced a partnership with distributor Griffin Beverage Company. The calorie burning, metabolism-raising drink is currently being distributed in the state of Michigan. Griffin Beverage is a distributor of a variety of products, from alcohol beverages to soda and chips. Celsius reported on 4/30/08 that current gross profit had risen 121 percent over the same time period last year. Mr. Stephen C. Haley, chairman and CEO said, "We were able to more than double revenue this quarter over first quarter, last year, but we expect much more of ourselves. We consider this 'solid revenue,' as there…

FridayMay 16, 2008 1:01 pm

Panglobal Brands, Inc. (PNGB.OB) Appoints New CFO

Panglobal Brands focuses on selling branded apparel through specialty retailers and department store chains. Current brands include Mynk, a high-end denim product line that can be found at Saks 5th Avenue; Nela, a contemporary dress label; and So Sik, a junior fashions brand. In a press release this morning, Panglobal Brands announced the appointment of Charles Lesser to the post of Chief Financial Officer. From 2003 to 2007, Mr. Lesser acted as CFO and consultant to Religion Apparel, Inc. and its wholly-owned subsidiary, Guru Denim Inc, guiding Religion Apparel from a mere start-up venture to a solid company with $140…

FridayMay 16, 2008 12:32 pm

Sanguine Corporation, Inc. (SGNC.OB) – Working to Revive a Lost Medical Product

Based in Pasadena, CA, Sanguine Corporation develops and markets medical products derived from chemical compounds known as perfluorocarbons (PFCs). More specifically, the company develops a PFC emulsion, Fluosol, which is the only artificial "blood substitute" approved by the FDA to date for medical purposes. Developed in part by Dr. Thomas Drees, current CEO of Sanguine, Fluosol serves as an excellent dissolving medium for oxygen. Due to difficulties with maintaining the environment in which the emulsion is stored, widespread use of the original compound was discontinued in the early nineties. Sanguine uses a second generation adaptation of Fluosol to produce PHER…

FridayMay 16, 2008 12:27 pm

Teknik Digital Arts Inc. (TKNK.OB) is Making Exercise More Fun than Ever

Teknik Digital Arts is revolutionizing the world of exercise with their new physically interactive video game controllers. Americans have been going crazy over the recent release of the Nintendo Wii because it has the ability to make everyone become physically involved in entertainment. Groups ranging from senior citizens to elementary schoolers can get off the sofa and move while having fun. Teknik Digital Arts is taking this concept to the next level by creating an interactive video game controller specifically meant to improve the physical fitness and well-being of the player. The XR Station is Teknik Digital Art’s new game…

FridayMay 16, 2008 11:40 am

New Market China, Inc. (NMCH.OB) – CEO Reiterates Expected 25% Sales Growth in 2008

In a webcast yesterday, John T. Verges, CEO of NewMarket China, Inc. repeated that he expects a 25% sales increase for the company in 2008. Based on business currently in place, he forecasts sales of $50M in 2008, up from $40M in 2007. Verges also stated that the company is working hard to obtain additional business, and that he could change his revenue projection later in the year. He said that additional business could result either from acquisition or from obtaining new business in Latin America. NewMarket China, Inc has two main business segments: 1. It provides technology and telecommunication…

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