FridayJul 15, 2011 2:13 pm

Chine Gerui Advanced Materials Group Ltd. (CHOP) Hosts Investor Day and Commences Operation of Two New Steel Production Lines

China Gerui Advanced Materials Group Ltd., a company that engages in the manufacture and sale of cold-rolled narrow strip steel products in the People's Republic of China, recently announced that it has commenced operation on two wide-strip, cold rolled steel production lines with 150,000 tons of annual capacity, along with one additional plating line with 200,000 tons of capacity per year. China Gerui’s on-going Capacity Expansion plan is an important part of its continued growth and evolution in the high-end and specialized cold-rolled steel sector. The most recently added facility, which marks Phase I completion of the Capacity Expansion Plan,…

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FridayJul 15, 2011 1:23 pm

Victory Energy Corp. (VYEY) Updates Investors on Oil and Gas Projects

Victory Energy Corp. issued an update for investors on recent exploration and development activity on the company’s properties in the United States. The company is involved with a number of projects in Texas and Oklahoma. Victory Energy has an interest in a 1,600 acre prospect at the Tunis Creek Field in Pecos County, Texas. The first well at the property was recently completed and is producing oil and natural gas from the Ellenberger formation. The company estimates that recoverable reserves at the well exceed 500,000 barrels of oil. Victory Energy has an interest in an oil and gas property in…

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FridayJul 15, 2011 11:30 am

AgriSolar Solutions Inc. (AGSO) Reports Impressive Fiscal Year Growth, Anticipates Continued Strength

AgriSolar Solutions Inc., a manufacturer of patented, pesticide-free, solar-powered insect elimination systems, today posted its results of operations for the fiscal year ended March 31, 2011, demonstrating significant improvement year-over-year. Revenue for fiscal year 2011 more than doubled from the prior year, reported at $9.8 million compared to $4.6 million for the fiscal year ended March 31, 2010. Gross profit increased to $3.1 million for 2011 compared to $1.8 million reported for 2010. Net income for 2011 increased to $215,000 compared to a loss of $922,000 for year prior. The company's 2011 results included a loss on the extinguishment of…

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FridayJul 15, 2011 9:19 am

Norman Cay Development, Inc. (NCDL) Signs Letter of Intent to Acquire Discovery Gold Ghana Limited

Yesterday, Norman Cay Development announced that it had signed a letter of intent to acquire the outstanding shares of Discovery Gold Ghana Limited. The closing of this deal is subject to customary conditions. Discovery Gold Ghana Limited is a gold exploration company based in the Republic of Ghana, formerly known as the Gold Coast. Ghana is the second largest gold producing country in Africa after South Africa. Mining investments in the area have benefitted from a stable local government and mining laws. Pending final legal assignment, Discovery Gold Ghana Limited has an exclusive option with rights to acquire, explore, and…

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FridayJul 15, 2011 9:13 am

Tombstone Exploration Corp. (TMBXF) Closes Non-Brokered Private Placement

On Thursday, Tombstone Exploration Corp. reported that they closed their non-brokered private placement for gross proceeds of $500,000 through the issuance of 10,000,000 units at a price of $0.05 per Unit. Each Unit consists of one share of common stock and one-half of one common share purchase warrant (each whole warrant share a "Warrant"). Each Warrant entitles the holder to purchase one common share (a "Warrant Share") at a price of $0.10 until July 14, 2014. Tombstone Exploration Corp. has paid finder's fees consisting of shares of common stock and warrants equal to 7 percent of the securities placed by…

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ThursdayJul 14, 2011 5:24 pm

Advanced Cell Technology, Inc. (ACTC) Begins Dosing for Embryonic Stem Cell Studies to Treat Common Forms of Blindness

Biotech company Advanced Cell Technology today announced it has initiated the dosing of the first patients in each of its phase I/II clinical trials for Stargardt's macular dystrophy and dry age-related macular degeneration (dry AMD). Both studies were conducted earlier this week using retinal pigment epithelial (RPE) cells derived from human embryonic stem cells (hESCs). Steven Schwartz, M.D., professor of ophthalmology at the David Geffen School of Medicine at UCLA and retina division chief at UCLA's Jules Stein Eye Institute, headed the study to determine the safety and tolerability of hESC-derived RPE cells after sub-retinal transplantation into patients with the…

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ThursdayJul 14, 2011 4:10 pm

Neuralstem Inc. (CUR) Receives Notice of Allowance for Patent Applications

Today, Neuralstem, Inc. announced that it has received notice of allowance for U.S. Patent Applications 12/939,897 and 12/939,914 entitled: "Compositions to Effect Neuronal Growth." These patents cover three new compounds and include structure and method claims for inducing neurogenesis and the in-vitro and in-vivo growth of new neurons. Neuralstem's first neurogenic patented compound is currently in a FDA-approved Phase I safety trial in major depressive disorder. Phase IA of the trial, which will use healthy volunteers, is scheduled to be completed in August. The Phase IB safety trial, which will use depressed patients, will commence this fall. "These patents cover…

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ThursdayJul 14, 2011 4:02 pm

Inovio Pharmaceuticals, Inc. (INO) Vaccine Phase I Results Show Positive Immune Responses

Inovio Pharmaceuticals, Inc. announced late Wednesday that significant T cell and antibody responses were generated in its Phase I clinical study of VGX-3400X, a SynCon™ DNA vaccine for the prevention of avian H5N1 influenza delivered using intramuscular (IM) electroporation. Inovio is engaged in developing what are called DNA vaccines for treatment and prevention of cancers and infectious diseases. Among these drugs are its SynCon™ vaccines, which are designed to protect against known as well as newly emergent strains of pathogens such as influenza. The company also offers its proprietary electroporation delivery devices, which have been shown to be safe and…

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ThursdayJul 14, 2011 3:59 pm

American Standard Energy Corp. (ASEN) Starts Development Program in Texas

American Standard Energy reported that the company has started an oil and gas development program on its properties in Texas. The program encompasses ten wells and is targeting several different formations. American Standard Energy will spud the University Andrews 42 #2 well in Andrews County, Texas. The well will be drilled and completed into the Devonian formation. Other wells in the program will target the Wolfcamp, Strawn, Lower Clearfork and Spraberry and formations. American Standard Energy said that the University Andrews 42 #2 well will be drilled by the Viking Rig #20, which is expected to arrive at the site…

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ThursdayJul 14, 2011 1:38 pm

The Brainy Brands Company, Inc. (TBBC) Releases Corporate Update for 2011

The Brainy Brands Company, Inc., a company that provides educational DVDs, books, games, and toys for babies, toddlers, and preschoolers in the United States and internationally, has provided a recap on its progress thus far for the year 2011, along with an outlook for the second half of this year. Thus far, the Company has had a main focus on product positioning and upgrades, along with internal infrastructure and selling platform. The Company is currently in the early stage of what it expects to be the “Growth Phase.” Earlier this year, the Company had completely overhauled and launched a complete…

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