MondayJun 27, 2011 3:50 pm

Mount Knowledge Holdings, Inc. (MKHD) Signs Letter of Intent with C2 Technologies Inc. to Purchase Intellectual Property

Mount Knowledge Holdings, Inc., an educational software development and sales company that offers proprietary learning software products and teaching services, has announced that on May 27, 2011 it had signed a Letter of Intent with C2 Technologies, Inc. of Vienna, VA in order to obtain 100% ownership of the company. The ownership will include all of C2 Technologies’ intellectual property. "We are thrilled to be acquiring a recognized market leader in e-learning technologies for human performance improvement, which is proudly servicing most U.S. Federal Government agencies as well as several Fortune 500 companies. C2's award-winning technology and product implementation will…

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MondayJun 27, 2011 12:56 pm

Metropolitan Health (MDF) to Acquire ContinuCare (CNU), Maximize Expansion Potential

Metropolitan Health Networks Inc. today announced it will Continucare Corp. in a cash and stock transaction valued at approximately $416 million, creating a healthcare service provider to more than 68,000 Medicare Advantage and Medicaid customers. The combined company will own 31 primary care medical practices in 18 Florida counties, utilizing a network of more than 250 contracted, independent, primary care practices. Combined, the companies said they estimate approximately $660 million in annual revenue, based upon their respective results for the 12 months ended March 31, 2011, and more than $90 million in earnings before interest, taxes, depreciation and amortization (EBITDA)…

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MondayJun 27, 2011 12:44 pm

STAAR Surgical Co. (STAA) Completes First of Several Optical Procedures to Prepare for Full-Market Product Launch

STAAR Surgical Company, a developer, manufacturer and marketer of minimally invasive refractive lenses that go inside the eye, today announced it has completed the first of several procedures to implant Visian® Implantable Collamer® Lens (ICL™) V4c design. The Visian V4c, which received European CE Mark approval in April, was designed to optimize the flow of fluid within the eye. The CentraFLOW™ proprietary technology eliminates the need for a surgical YAG peripheral iridotomy procedure days before the ICL implant, which the company said provides a more comfortable, convenient ICL procedure overall. Dr. Erik Mertens, medical director and founder of the Medipolis…

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MondayJun 27, 2011 12:42 pm

Passive Hypodermic Safety Syringe Introduced by MedPro Safety Products Inc. (MPSP)

MedPro Safety Products Inc. is a leading developer of safer medication delivery and blood collection systems. The company's injection and infusion products incorporate needlestick prevention features considered to be the most passive now available on the market as they require little or no clinical training as compared to competitive products. The company today announced the introduction of its hypodermic safety syringe. The device incorporates a proprietary safety shield that is automatically released during the administration of medicine, covering the needle as it is removed, and thereby enhancing the safety of both the patient and the health practitioner. MedPro's passive (automatic)…

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MondayJun 27, 2011 12:40 pm

China Sunergy Co. Ltd. (CSUN) Subsidiaries Ink Deal to Ramp Annual Silicon Cell Production

China Sunergy Co. Ltd., a China-based specialized solar cell and module manufacturer, today announced that its fully owned subsidiaries China Sunergy (HK) Co. Ltd. and China Sunergy (Nanjing) Co. Ltd. are co-investing in a 1GW solar cells expansion project in Yangzhou City, with the first batch of 500MW solar cells production line is expected to be commercialized in the first half of 2012. The project will focus on the production of the newly developed Quasar cells, developed by China Sunergy, which have demonstrated the highest cell efficiency of 18.85 percent and an average efficiency of 18.55 percent from the best…

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MondayJun 27, 2011 11:58 am

Allied American Steel Corp. (AAST) Secures Industry Veteran Erik A. Ostensoe for Senior Exploration Adviser Slot

Allied American Steel, the exploration-stage mineral developer focused on iron ore and the typically associated titanium dioxide, reported the appointment of veteran geologist Erik A. Ostensoe, to the AAST management team today with the title of Senior Exploration Adviser. Chairman and CEO of AAST, Jes Black, commented on the appointment, which follows fast on the heels of the retention of another renowned geological mind, Richard Tschauder, as the Company’s Senior Geologist, saying that it is indeed auspicious to have secured such experienced personnel as activity at the Lake Touladi Property begins to pick up steam. Ostensoe has accumulated a vast…

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MondayJun 27, 2011 10:17 am

California Gold Corp. (CLGL) Starts Mexican Exploratory Drilling Program

California Gold Corp. announced that it has started an exploratory drill program at a mining property in Mexico, which the company believes is prospective for tellurium, gold and silver. California Gold is involved with the AuroTelurio project, part of an 18,840 acre mining concession located in Sonora, Mexico. The company can earn up to an 80% interest in this project by spending $3 million over four years on the exploration and development of the property. California Gold said that the AuroTelurio project is situated near the La Bambolla mine, an existing producing mine owned by First Solar (FSLR). The property…

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MondayJun 27, 2011 10:05 am

Malaga Financial Corp. (MLGF) Announces Election of New Chairman of the Board

On Friday, the Board of Directors of Malaga Financial Corp. announced the election of Mr. Jerry Donahue to the position of Chairman of the Board. Mr. Donahue will also serve as Chairman of their subsidiary, Malaga Bank FSB. Mr. Donahue succeeds Mr. Robert E. Kershaw, who passed away on June 10, 2011. Randy C. Bowers, President and CEO, said, “We are delighted to announce that Jerry will assume the duties of Chairman, and pleased to have such a seasoned businessman leading our Board of Directors. We are fortunate that our entire Board of Directors has served since the opening of…

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MondayJun 27, 2011 8:31 am

CNS Response (CNSO) Files Registration Statement for Public Offering in Canada, U.S.

CNS Response, provider of a reference data and analytic tools platform for medical professionals, announced it has filed a preliminary prospectus with the securities regulatory authorities in Canada to commence efforts for a public offering in each of the Canada provinces, other than Quebec. The offering will be conducted simultaneously on American exchanges if the company files a registration statement with the U.S. Securities and Exchange Commission. CNS noted that Paradigm Capital, Inc. and Mackie Research Capital Corp. will act as placement agents in Canada, and Paradigm Capital U.S. Inc., Noble Financial Capital Markets and Mackie Research USA Inc. will…

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FridayJun 24, 2011 4:55 pm

Pfizer (PFE), Pain Therapeutics (PTIE) Receive Complete Response Letter from FDA for Pain Relief Candidate

Pfizer Inc. and Pain Therapeutics Inc. today announced they received word from the U.S. Food and Drug Administration (FDA) regarding the resubmission of a new drug application (NDA) for REMOXY® (oxycodone) Extended-Release Capsules CII. REMOXY is an investigational extended-release oral formulation of oxycodone for the relief of moderate to severe pain. In 2005, Pain Therapeutics signed an agreement with King Pharmaceuticals Inc. to develop and commercialize REMOXY. In 2008, Pain Therapeutics filed the initial NDA for REMOXY. The following year, King Pharmaceuticals assumed full control of drug development and filed a resubmission to the initial NDA in 2010. Earlier this…

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