TuesdayJun 12, 2007 4:23 pm

InNexus (TSX: IXS / OTCBB: IXSBF) Signs on Immunology Specialist

Drug development company InNexus Biotechnology Inc. (TSX: IXS / OTCBB: IXSBF) made headlines today when it announced that Dr. Ellen S. Vitetta, an expert in immunological research, has joined the company's newly formed Scientific Advisory Board.According to the company's latest press release, Dr. Vitetta will join such fine minds as Dr. J. Donald Capra, president emeritus of the Oklahoma Medical Research Foundation; InNexus SAB Chairman Dr. Thomas Kindt; Dr. John D. Minna, professor and director of the Hamon Center for Therapeutic Oncology Research at UT Southwestern Medical Center at Dallas; and Dr. Carlos L. Arteaga, vice chancellor's chair in Breast…

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TuesdayJun 12, 2007 4:23 pm

Towerstream (TWER) Closes $40M Offering

Towerstream Corp. (Nasdaq: TWER), one of the first companies to utilize WiMAX technology announced today it has closed on the sale of $40 million of its stock at a 32 percent discount to the June 5, 2007, closing price of $5.87.Ten million Towerstream shares were sold below-market value at $4 per share - the company said it intends to use the proceeds to increase operations in larger markets. "The proceeds from this offering will provide us with the capital to build out our target markets and solidify our position as a WiMAX leader," the company said in a statement. Towerstream,…

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TuesdayJun 12, 2007 4:23 pm

Moller International (MLER.OB) Tests Ethanol-Water as Fuel for Flying Vehicle

Share prices for famous "Skycar" developer Moller International (OTCBB: MLER) rose slightly today after the company announced it had tested a new ethanol-water mix as a possible fuel for its most famous invention, the Volantor, a rotary-engine flying vehicle the company hopes will one day revolutionize the automotive industry.According to the company's chairman and founder, Paul Moller, Moller International has tested its brainchild with the new 70 percent ethanol/30 percent water mix and found it the perfect fuel for the machine - especially since it won't burn, making it a perfect substance for an aircraft. "Water and alcohol have a…

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TuesdayJun 12, 2007 4:23 pm

Market Closers with Big News

U.S. stocks and indices fell across the board today as the 10-year Treasury note rose to a five-year high. With so much concern surrounding the stability of the market because of the rise in the 10-year note, the cost of borrowing will increase for many companies. Therefore, many concerned investors caused there to be more losers than gainers in today's market.After a positive press release yesterday, Eworld Interactive (OTCBB: EWIN) closed today at a price of 40 cents, down 29 cents, or 43 percent. The company is already 20 times over capacity for its closed beta test game "BattleZone" and…

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TuesdayJun 12, 2007 4:23 pm

GeneThera Inc (GTHA.OB) Jumps Up on Hypertension Contract News

Shares of GeneThera Inc. (OTCBB: GTHA) jumped up 29 percent in early trading today, gaining 1 cent to 4 cents per share on volume of 918,448.The company announced that it has received a contract from the Intramural Research Program, National Institute on Aging, and National Institutes of Health (NIH) to genetically engineer monoclonal antibodies and make them "clinically usable." The antibodies are expected to be used for treatment of hypertension. "We are very delighted at the opportunity to work with the NIH; the largest research organization in the world. I believe this is a great opportunity for GeneThera Inc.," stated…

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TuesdayJun 12, 2007 4:23 pm

Early Gainers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news late yesterday evening or early this morning:PacketPort.com Inc. (Pink Sheets: PKPTE) shares rose 2 cents, or 100 percent, to 5 cents on volume of 38,500 this morning as the company announced its intentions to trade on the OTC Bulletin Board. Today, social network enabler YFonGlobal LLC announced it reached an agreement to reverse merge with PacketPort. The…

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TuesdayJun 12, 2007 4:15 pm

PetroSun Inc. (PSUD.PK)

Petrosun Drilling, Inc., a development stage company, offers a range of oilfield well services in the United States. It provides drilling contractor services, workover services, tubulars, and related supplies and equipment, as well as digital monitoring and surveillance equipment and services in the oil exploration, development, and production industry. The company is based in Phoenix, Arizona.

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TuesdayJun 12, 2007 1:30 pm

Morning News Tuesday June 12th 2007

General News: -          Wall Street Journal reports of a large amount of leveraged loans that are outstanding within the ballpark of almost $500 billion. -          Wall Street Journal says that the New-York based private-equity firm, Kohlberg Kravis Roberts & Co. (KKR) has run out of some of its traditional investors for deal-making and is turning to hedge funds for its funding. -          Drop in gasoline prices has helped some discretionary spending.  June sales are expected to rise about 2%, according to the International Council of Shopping Centers, ICSC. -          The International Energy Agency has raised its global forecast for oil…

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TuesdayJun 12, 2007 1:04 pm

Hemis Corporation (HMSO.OB) Begins Alaska Gold Oceanographic Survey

Hemis Corporation (HMSO.OB) reports exploration progress at the Anchor Gold project is in the Cook Inlet of Alaska.   This project is one of Hemis' premium exploration properties. It is believed that due to the size of the project area, it could have great potential. A preliminary oceanographic survey was begun recently at the site. On board instrumentation included a high-precision cesium magnometer, a fathometer, side-scan sonar and a StrataBox®. The StrataBox is an instrument capable of imaging through sediments up to 40 meters thick. The survey boat used a GPS control system and also had a bottom sampler on board. This survey was intended to…

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TuesdayJun 12, 2007 12:10 pm

StockGuru Alert: StockGuru Announces Coverage of 5G Wireless Communications, Inc. (OTCBB: FGWI)

StockGuru Announces Coverage of 5G Wireless Communications, Inc. (OTCBB: FGWI) 5G Wireless Communications, Inc. (OTCBB: FGWI) G Wireless Communications is a designer, developer and manufacturer of commercial grade wireless broadband communications equipment operating in the 802.11a/b/g frequency. The 5G Wi-Fi system functions through macro-cell base stations deployed in key areas, while dead spots are filled in with smaller micro cells following the proven deployment strategy used today by cellular carriers. This type of structural design allows for a well-tailored combination of cells resulting in the ability to add higher capacity where and when needed. The Company’s principal markets are universities…

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