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MondayJun 30, 2008 4:06 pm

June 30th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: BOKO, CACN, CETG, ETGF, GNBT, GSPG, ITUI, IVOT, MBND, SEE, SWVC, TKO The Bear reared its ugly head last week, as the Dow plunged sharply, briefly entering "bear market" territory, in a week where stocks suffered heavy losses. For the week, the S&P 500 tumbled 3.0% and the Dow fell to its lowest level since September 2006. Record high crude prices, tumbling financials and less-than-stellar outlooks from technology companies took a toll on market sentiment. The S&P 500 dropped by 40 points, increasing its year to date loss to 12.9%. The…

MondayJun 30, 2008 3:03 pm

Zhone Technologies Inc. (ZHNE) Chosen to Provide Maskatel with Innovative DSL Platform

Zhone Technologies Inc. (Nasdaq: ZHNE) delivers multi-service access network solutions to more than 700 innovative network operators around the world. The company today announced that Quebec CLEC Maskatel has chosen Zhone's MALC 1U POTS/DSL platform as the provider of high-speed services to multi-dwelling units. Maskatel selected Zhone’s platform because of its “superior interoperability” and configuration when compared to other platforms, helping to leverage the company to succeed in a competitive industry. "Our business is evolving rapidly in a very competitive market space," Donald Dupuis, president of Maskatel stated in the press release. "We needed a vendor with cutting edge abilities,…

MondayJun 30, 2008 3:02 pm

Plug Power Inc. (PLUG) Joins the Russell 3000 Index, Leveraging Investor Awareness

Plug Power Inc. (Nasdaq: PLUG) is making advances in fuel cell technology, and today announced its advancements in the stock market. The company was included in the June 13, 2008 preliminary list of Russell 3000 Index members. The Russell’s indexes represent 4,000 of the largest U.S. stocks as of the end of May. Plug’s inclusion in the Russell 3000 remains in place for one year, and includes automatic inclusion to the small cap Russell 2000 Index as well. "We're pleased that Plug Power was included in the Russell 2000 Index of small-cap companies, further validating our leadership position within the…

MondayJun 30, 2008 3:01 pm

RXi Pharmaceuticals (RXII) Added to the Russell Microcap Index

RXi Pharmaceuticals, a leader in the next generation of RNA targeting technology, announced that it has been added to the Russell Microcap Index as part of Russell Investments’ annual reconstitution of its family of U.S. indexes. Russell indexes are a commonly used tool among investment managers and institutional investors as a benchmark, helping to distinguish passive and active investments. The Russell indexes capture the 4,000 largest domestic stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000 Index and the Russell Microcap Index. RXi Pharmaceutical’s new membership to the Russell Microcap Index…

MondayJun 30, 2008 11:54 am

Vail Resorts, Inc. (MTN) Set to Acquire Colorado Mountain Express

Vail Resorts, Inc. (MTN), based in Bloomfield, Colorado, is a mountain resort operator with subsidiaries that also handle real estate development and lodging. Vail’s mountain subsidiary operates the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Hospitality owns and/or manages a portfolio of luxury hotels under the RockResorts brand, as well as a number of hotels and condominiums, including three destination resorts and six golf courses. The real estate segment of the company, Vail Resorts Development Company, holds, develops, buys…

MondayJun 30, 2008 11:40 am

Superlattice Power Inc. (SLAT.OB) is Focused on Bringing Superlattice Structure Batteries into the Mainstream

Superlattice Power Incorporated has been acclaimed for its breakthroughs in battery technologies. Several researchers and other companies have attempted to harness the high capacity and energy density from superlattice-structured batteries, but have always come up short and never produced their products commercially or on a large scale. However, Superlattice Power Inc. has found success in the development and marketing of the next generation lithium-powered batteries worldwide. The superlattice structure, which is the key to the company’s success, is a hexagonal structure, allowing the batteries to accommodate more lithium and therefore more energy. Another crucial component to the success of these…

MondayJun 30, 2008 11:36 am

China Yongxin Pharmaceuticals, Inc. (CYXN.OB) Signs Exclusive Franchise Agreement with Multi-Billion Dollar Drug Chain

China Yongxin Pharmaceuticals, a leading manufacturer, distributor and retailer of pharmaceuticals in Northeastern China, has signed a 10-year franchise agreement with one of the world’s largest US-based drug chains. The name of the chain was not released for competitive reasons, but the agreement will allow China Yongxin to use the drug chain’s brand name in operating drug chain stores in Jilin Province. According to the terms of the agreement, the company will have exclusive rights to the brand name in operations in Jilin Province, which includes the City of Changchun. China Yongxin will convert 87 of its existing stores in…

MondayJun 30, 2008 7:55 am

Fonix Corp. (FNIX.OB) to Acquire 80% of Shanghai Gaozhi Software Systems

In a stock exchange agreement, Fonix, a speech technology software company providing speech recognition and text-to-speech technology interfaces for devices and systems, is purchasing a profitable Chinese software company GaozhiSoft, which provides Chinese mobile network service providers an operating platform and proprietary software. The addition of Fonix’s speech technology to the mobile software platform in the emerging Chinese market, where the Chinese character set is already a hindrance, is significant. Roger D. Dudley, Fonix president and CEO, stated, “This acquisition is a bold, strategic move for Fonix and its shareholders. Fonix and GaozhiSoft will provide advanced communications solutions enabling cellular…

MondayJun 30, 2008 7:48 am

Reed’s, Inc (REED) Announces Stronger Partnership with Sprouts Farmers Markets

Reed’s, traded on NASDAQ, is in the natural foods business, specializing in brewed ginger beverages. Reed’s has also expanded into ginger candy and ice cream products. Clearly passionate about the herb’s benefits, Reeds goes on to explain (on their website) that “Ginger is traditionally used to improve digestion, cure motion and morning sickness and for general health. The latest research is showing ginger to be anti-cancer, to lower cholesterol, and in Europe it is used as an arthritis medicine.” The stronger partnership announcement with Sprouts, a large health grocer in the Phoenix area with 26 locations, will cover the Southwest…

MondayJun 30, 2008 7:40 am

Petrosource Energy Corporation (PTSG.OB) Sells Bartlett Shale Position for $36 Million

Some companies have gotten into the oil and gas groove and are enjoying their production rewards. They do, however, understand that working the front lines of oil and gas means getting the cash and looking for other exploration/development projects. Those companies that can keep their business nimble and quick - in this up cycle - are the ones that will most likely profit to the greatest degree. Petrosearch Energy Corp., an oil and gas exploration and development company, works to find and develop oil and gas properties in the panhandle of Texas. Until today, the company had a 5% position…

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