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MondayApr 07, 2008 1:50 pm

Pfizer Inc. (PFE) Announces 70 Million Encysive (ENCY) Shares Tendered

Pfizer Inc. (NYSE: PFE) today announced results of its tender offer by its wholly-owned subsidiary, Explorer Acquisition Corp., to purchase all outstanding shares of common stock of Encysive Pharmaceuticals Inc. (NASDAQ: ENCY) at a purchase price of $2.35 per share. Pfizer announced that a total of 70,238,869 shares, approximately 86.8 percent of the outstanding shares, including 8,473,574 shares subject to guarantees of delivery, were tendered and not withdrawn prior to the expiration of the initial offering period March 31, 2008, expired April 3, 2008. As of April 1, 2008, Pfizer beneficially owned approximately 64,128,679 shares, which is about 79.22 percent…

MondayApr 07, 2008 1:47 pm

Chile’s Booming Copper Production Entices Red Lake Exploration Inc. (RLKX.OB)

Chile’s copper mines provide more than 40 percent of the world’s copper output, according to the U.S. Department of the Interior. Chile’s mining industry employs about 6 percent of the country’s workforce, and as more mines come into operation, the demand for output is expected to rise. Red Lake Exploration Inc. (OTCBB: RLKX) engages in the acquisition, exploration and development of mineral properties in Chile. Headquartered in Richmond, Canada, the company focuses on its primary project, the Farellon property, in the Candalaria Iro Oxide Copper Gold Belt. Red Lake is reviewing options to purchase Santa Rosa and Camila Mineral Properties,…

MondayApr 07, 2008 1:33 pm

Energtek Inc. (EGTK.OB) is “One to Watch”

Energtek Inc. (EGTK) is a clean natural gas technology company that is providing practical and affordable fuel alternatives to oil and gasoline. In addition to affordability, natural gas is the cleanest-burning fossil fuel and is more readily available and evenly distributed than any other alternative. Estimates indicate there are approximately 300 million two- and three-wheel vehicles on the road today. Nearly 85 percent of those 300 million vehicles are in Energtek’s targeted market segment, Asia. These vehicles make up nearly 25 percent of the world’s total automotive market, and generate much more than their fair share of pollution. There has…

MondayApr 07, 2008 1:25 pm

Swimming Happily Against the Tide — Third Avenue's Marty Whitman Finds Lots to Buy

IN THE MIDST OF THE MARKET MAYHEM last August, Third Avenue Management sent a two-page letter to shareholders in its four mutual funds, including its flagship $10 billion Third Avenue Value Fund. The message: It's time to buy. Far from taking shelter, the firm's chief executive, David Barse told investors that the emerging bear market was irrelevant, except that it was making attractive stocks cheaper by the day. "As long as we continue to have available funds to invest, we intend to continue to take advantage of the unprecedented opportunities presented to us during this bear-market 'panic'," the letter said.…

MondayApr 07, 2008 1:07 pm

XO Communications (XOHO.OB) Now Offering Advanced IP-Based Voice and Data Communications Services across Charlotte Metropolitan

XO, a leading provider of 21st century communications for businesses and communications service providers, announced today that it now offers advanced data and IP communications services to Charlotte businesses. The company is now able to offer businesses in Charlotte an affordable communications alternative for both local and nationwide areas, expanding its reach and establishing points-of-presence locations across the metro area. Bob Morgan, President of the Charlotte Chamber of Commerce commented, “We welcome XO Communications to Charlotte. The expansion into Charlotte by one of the nation's largest telecommunications companies is a testament to the growth and opportunities in our region's business…

MondayApr 07, 2008 1:03 pm

PFSweb, Inc (PFSW) – eCOST.com Expands to Over 170,000 Leading Brands

eCOST.com, a leading company which develops and deploys integrated business infrastructure solutions and fulfillment services for Fortune 100, Global 2000 and brand-name companies, announced that it now offers 170,000 products with expanded “For the Home” and “Sports & Leisure” categories. Included in the name brands offered are Bissell, Conair, Milwaukee Electric, Oster, Wilson, Spalding, Nike and Rawlings. The new product additions, which will also be available on Bargain Countdown™, a proprietary shopping feature, are the primary result of a new “Virtual Warehouse” agreement signed in 2008. Under this agreement, eCOST.com does not have to invest large amounts of capital to…

MondayApr 07, 2008 1:00 pm

Curis, Inc. (CRIS) Scientists Present Strategic Compound Design at the 235th American Chemical Society (ACS) National Meeting

Curis, Inc, a drug development company that is committed to leveraging its innovative signaling pathway drug technologies to create new medicines, announced that its scientists presented a poster entitled “Design and synthesis of quinazoline derivatives as novel, potent multi-acting HDAC and receptor tyrosine kinase inhibitors for the treatment of cancer,” at the 235th ACS National Meeting. The ACS National Meeting is being held from April 6th through the 10th. The compound design and research underlying the development of proprietary drug compounds, belonging to a class of chemical structures called quinazonlines, was described at the presentation. The compounds were designed to…

MondayApr 07, 2008 11:33 am

Energtek Inc. (EGTK.OB) and Confidence Petroleum India Limited Agree to Form a Joint Venture to Supply Energy in Southeast Asia

Energtek Inc. and Confidence Petrolem India Ltd. recently announced that they will begin a joint venture to commercialize affordable and environmentally-friendly pipeless natural gas supply solutions for large automotive fleets and industrial consumers throughout Southeast Asia. The goal of the joint venture will be to introduce commercial natural gas mobile supply solutions using Energtek's proprietary ANG technology in India, Pakistan, Bangladesh, Sri Lanka, and other countries in the region. Lev Zaidenberg, CEO of Energtek, spoke very optimistically of the venture saying, “This agreement allows Energtek and Confidence Petroleum to combine the technology, manufacturing, and marketing resources needed to provide a…

MondayApr 07, 2008 10:59 am

Vanguard Minerals Corp. (VNGM.OB) is “One to Watch”

Vanguard Minerals Corp. (VNGM.OB), a Seattle based company, is a resource exploration company engaged in the acquisition and exploration of mineral properties. Currently, the company is focused on several sites in Western Canada with potential uranium resources. A large portion of today’s known uranium resources are found in Saskatchewan, which supplies about 30 percent of the world’s annual uranium products. The uranium in Saskatchewan contains large high-grade ore, which results in a lower extraction cost than in other sites in the world. Vanguard holds several large blocks in the Athabasca Basin, which is a region in Northern Saskatchewan. The world’s…

MondayApr 07, 2008 10:54 am

HotOtc Featured Company: Hybrid Technologies Inc. (HYBR.OB) Quietly Motors through the Auto Show Circuit with the Sound of Crinkled Cash under its Tires

When new technologies first appear on the scene, they are sometimes held back as businesses look for the best way to take advantage of them. Some technologies are brought right to the fore while others lag in the shadows. Lithium batteries have been on technological hold for quite some time, but are now coming to the fore, and the myriad ways in which they can be used are rapidly being exploited. Hybrid Technologies Inc., a development stage technology company, develops, markets and sells lithium batteries for products that can take advantage of their better energy storage capacity and environmental properties.…

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