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Lifeline Biotechnologies, Inc. (OTCPK: LLBT)(Wed. January 2, 2008) announced earlier today that the Company expects to make meaningful progress in the upgrading of its First Warning System (FWS) computer software analytical and interpretive system (CSAIS). Lifeline has set specifications for the engineers at Nanyang Technical University (NTU) to upgrade the software so it is more sensitive.
The CSAIS, based on neural net technology, categorizes patient data into one of three classifications: normal, suspicious and abnormal physiology which could indicate the presence of breast cancer. As previously reported, the engineers at NTU are focused on processing the patient data recently provided to them by the Company in order to increase the software's ability to recognize and categorize patient data into these three classifications.
"The CSAIS is a neural net technology, trained to identify cancer. We have set specifications for the NTU engineers, and the recent reports from our engineers indicate that we are making meaningful progress toward meeting these specifications and look forward to the prospect of potentially accomplishing them in 2008," stated Jim Holmes, CEO of Lifeline Biotechnologies, Inc.
Lifeline recently announced that the Company has been in discussions with various firms to prepare filing the 510(k) with the FDA. The selected firm will help with the verification and validation guidelines, and the Company expects to announce its selection soon.
Lifeline Biotechnologies, Inc. is an innovative medical technology company that is focused on completing the development of the First Warning System, which was designed to assist in the early detection of breast cancer. Of the approximately $138 billion spent on cancer each year, Lifeline could potentially save the healthcare industry up to $4.1 billion annually, assuming the following are successfully completed: the development of the First Warning System, the completion of clinical trials and FDA pre-marketing clearance. Lifeline competes in the money markets for funds to support the development of its product. The cost of funds, for early stage companies like Lifeline, are expensive and the terms have been, and may continue to be, dilutive.
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AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, announced earlier today that Phil C.S. Yin, chairman and chief executive officer, and Wilson W. Cheung, chief financial officer, will present at the 10th Annual Needham Growth Conference at the Palace Hotel in New York on Wednesday, January 9th, 2008 at 2:30 p.m. ET.
A link to the live webcast will be available on the Investor Relations section of the company's website at www.axt.com prior to the presentation. A replay of the webcast will be available shortly following the live presentation.
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.
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GTREX Capital, Inc. (OTCBB: GRXI), which recently signed an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses, announced earlier today that the appointment of Gary L. Halverson, an experienced business professional with a background in general management, marketing, strategic planning, and sales in a broad range of market segments, as consultant to Steven R. Peacock, interim president/chief executive officer of the company.
Mr. Halverson's major focus will be to assist in the final due diligence gathering on all entities involved in the proposed merger transaction. The company expects to complete the majority of this due diligence work in the month of January 2008.
"Having served in the past on the company's Board of Directors, we are well aware of Mr. Halverson's capabilities and believe that he is an excellent fit to assist us as we complete the due diligence related to the proposed merger. Mr. Halverson has already begun his initial work on behalf of the company, and we look forward to the results of this and any additional projects that may be assigned to him," stated Mr. Peacock.
"The magnitude and future potential of the international green brand targeted by GTREX Capital is so significant that we are marshalling all the resources necessary to complete the agreements required to close the transaction, even as we concurrently plan for the future of the post-close public company," Mr. Peacock added.
Mr. Halverson commented, "I am very excited to again be involved with GTREX Capital, especially in light of its planned merger. The information I have seen thus far has been tremendously encouraging, and I look forward to seeing this transaction though to its successful completion."
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with a subsidiary conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX Capital has signed an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses.
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Superwire, Inc. (PINKSHEETS: SUPI) announced earlier today a strategic alliance with Resort Media Group (RMG) of California for the marketing and deployment of digital Ad Insertion Technology to the Hospitality Industry. The initial agreement deploys systems in 25 hotels in Texas, Arizona and California.
Additionally, under the terms of the agreement, RMG will also market Superwire Ad Insertion systems to the top 1500 hotels in major cities in the U.S. This will allow Superwire to provide 8 to16 channels of Digital Ad Insertion on the most popular Cable Television Networks (e.g., ESPN, CNN, TBS, USA, etc.) to hotels such as Holiday Inn and Radisson.
In addition to their marketing expertise, RMG provides in-room entertainment and information technology to the hospitality market that complements Superwire's proprietary Ad Insertion Technology. Superwire cuts the cost and speeds up the deployment of Digital Ad Insertion technology systems and maximizes demographic outreach. RMG distributes easy-to-use Flat Panel TV interfaces to hotel travelers' cameras, iPods, video games and other digital devices without having to reach rear panel input jacks. Additionally, RMG offers applications such as ad-supported Hotel Guides, Video on Demand (VOD), and special TV-specific interface capabilities to provide controlled access to content from the internet. Guests will be able to listen to home town radio, news and traffic in addition to other popular web content.
Once fully deployed, Superwire will be able to insert local, regional and national ads to the niche business of the leisure traveler market. Richard Smith, Chairman of Superwire, said, "This deployment will create new, valuable advertising space in a market segment previously out of reach of our advertisers. Cliff Hall, President of RMG, added, "Today's hotels need to be more competitive by staying up with technology that enhances customer retention and increased revenue. The combination of Superwire and (RMG)'s offerings provide a way to increase revenue with minimal up-front investment.
Superwire, Inc. is a multi-media management group offering interactive television, telephone, broadband services and Cable TV ad insertion to high income Retirement, Educational and Hotel/Recreational communities throughout the United States. Superwire's ad insertion capabilities give national, regional and local advertisers a low cost, high impact avenue to target high expendable income customers and easily measure their advertising ROI.
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Franchise Capital Corporation (PINKSHEETS: FCCN), which recently closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, announced earlier today that Aero has initiated a sponsorship of the Northwest Pro-4 Alliance, a regional race series, as part of the grass roots marketing of its mufflers and exhaust system products to racing enthusiasts.
Aero's association with the Northwest Pro-4 Alliance will include race sponsorships, sponsorships of race awards, high profile signage and Aero stickers at race events, and the use of Aero products on race cars.
The Northwest Pro-4 Alliance is a series that has brought the top three four-cylinder late model groups in the country together to produce big fields of cars, exciting competition and major exposure for everyone involved.
"Aero's support of the Northwest Pro-4 Alliance is just one element of the multi-faceted marketing program that the company has initiated to expand the awareness of its products in the racing community and the broader automotive supply industry," stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "The Northwest Pro-4 Alliance is a growing series, and the profile that Aero will have at its race events is expected to increase recognition of Aero as the provider of superior performance exhaust products. We expect our sponsorship and presence at these race events to lead directly to product sales as we target both drivers and race fans. The owners, operators, team members and fans are exactly our target customers from auto enthusiasts to auto shop owners. Aero will continue to seek out and support regional racing as part of our broader grass roots marketing efforts."
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
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