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Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ)(February 14, 2008) CEO, William Petty, confirmed yesterday that Franklin will begin taking gold from the first of its four known sources within their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro Blanco, the nearest of the four sites to where Franklin is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993. Within the year, a 70,000 square meter area at Cerro Blanco was gridded and 134 systematic samples returned an average 1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip samples were taken from within an approximate 35,000 square meter area after bulldozer benching and diamond drilling. This second set of samples confirmed earlier results. Gold mineralization was strongly zoned and contained significant sections above 1.0 grams per ton. The average of 60% of all samples was 0.51 gram per ton; the average of the remaining 40% was 1.16 grams per ton. At the highest end of the range of all assay results, there were a few as high as 2.8 and 3.9 grams per ton.
Additional information on Franklin's plans for mining at the Escala is available at www.FranklinMining.com, specifically in multiple Letters from the President to be posted during February 2008.
About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.
The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.
About Franklin Mining, Inc.
Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
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3PAR (NYSE: PAR)(February 14, 2008), the leading global provider of utility storage, announced yesterday that the 3PAR InServ S800 Storage Server was cited most frequently as a "Most Exciting Product in Use" by midsize enterprise storage end users in Wave 10 of the TheInfoPro's (TIP) Wave 10 Midsize Enterprise (MSE) Storage Study. In addition, 3PAR was cited as the leader in "Customer Fulfilment," and in sustaining the highest level of customer loyalty, with 100% of current 3PAR users indicating they would not consider switching vendors. 3PAR was also cited as one of the top "Most Exciting Storage Vendors" for the midsize enterprise, which TIP defines as companies with revenues between $150 Million and $1 Billion. Many of 3PAR's customers in this segment include service providers and Internet/Web 2.0 companies.
Additionally, the Wave 10 MSE Storage Study indicates that 3PAR has the largest percentage of new customers in this market, with 50% of those interviewed indicating they switched to 3PAR within the last 12 months. When asked to rate storage vendors on a scale of 1 to 4, participants ranked 3PAR as "excellent" (4 out of 4) in the areas of technical innovation, product quality, product performance, delivery as promised, sales force, and ease of doing business.
"The vendors that top our list have remained relatively unchanged over the past four waves of our Storage Study," said Robert Stevenson, Managing Director of Storage Research for TIP. "However, new results in Wave 10 indicate that innovative new vendors such as 3PAR are enjoying accelerating momentum." "From the Wave 10 findings it's clear that our track record of lowering the total cost of storage for customers, combined with our innovative products such as 3cV and Virtual Domains, are not just attractive to large enterprises, but also to medium-sized enterprises including service providers and Internet/Web 2.0 companies," said David Scott, 3PAR President and CEO. "We are extremely excited to see the benefits of 3PAR Utility Storage catching on within an increasing number of these organizations in TIP's Wave 10 study." TIP is an independent research network and leading supplier of market intelligence for the Information Technology (IT) industry. Created by alumni of Gartner, EMC, Giga, and Bell Labs, TIP produces fundamental, objective, "grass roots" research on markets, vendors, issues, future adoption plans, and investor confidence. TIP's Wave 10 Storage Study is comprised of multiple market studies based on direct customer feedback on key issues, hot new storage technologies, spending plans, and vendor ratings.
To view a rich media presentation of TheInfoPro Wave 10 Storage Study findings, visit: http://www.brainshark.com/theinfopro/3par_excitingvendor.
About 3PAR
3PAR is the leading global provider of utility storage, a category of highly virtualized tiered-storage arrays built for utility computing. 3PAR Utility Storage allows users to reliably serve more with less. Organizations creating virtualized IT infrastructures for workload consolidation and flexible resource allocation use 3PAR to reduce the costs of allocated storage capacity, storage administration and SAN infrastructure. Distinct advantages in simplicity, efficiency, and massive scalability make 3PAR Utility Storage well-suited for open systems storage consolidation, integrated data lifecycle management, and performance-intensive applications. For more information, visit the 3PAR Website at: www.3PAR.com.
About TheInfoPro
TheInfoPro (TIP) is the only independent research network for the Information Technology (IT) industry. Created in 2002 by alumni of Gartner, EMC, Giga, and Bell Labs, TIP investigates key IT sectors -- Networking, Information Security, Servers, Storage, and Sourcing -- via a comprehensive in-depth interview process. Through a peer network of over 1800 of the world's largest buyers and users of IT -- including Citigroup, FedEx, McGraw-Hill, MasterCard, and Harvard University -- TIP delivers detailed budget, vendor performance and technology roadmap data without spin or bias. Known as the voice of the customer, TIP helps IT professionals, technology providers, and institutional investors make sound decisions on technologies, vendor relationships and investments. To learn more, visit www.theinfopro.net or call 1-212-672-0010.
2008 3PAR Inc. All rights reserved. 3PAR, the 3PAR logo, Serving Information, InServ, InForm, and InSpire are all registered trademarks of 3PAR Inc. All other trademarks and registered trademarks are the property of their respective owners.
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Cleveland BioLabs, Inc. (NASDAQ: CBLI)(February 14, 2008) announced yesterday that the Company is scheduled to present at Roth Capital's 20th Annual OC Growth Stock Conference February 18-21, in Dana Point, California. Cleveland BioLabs management will be available for meetings February 19-20.
Michael Fonstein, Ph.D., President and Chief Executive Officer of Cleveland BioLabs, will give a presentation on the Company's lead compounds and development strategy on February 19, at 5:00 p.m. PT. The presentation will be broadcast live over the Internet. Interested parties may tune in to the live presentation by visiting the Investor Information section of the Company's website at: www.cbiolabs.com.
Cleveland BioLabs' pipeline includes products from two primary families of compounds: Protectans and Curaxins. Protectans are being developed as drug candidates that protect healthy tissues from acute stresses such as radiation, chemotherapy and ischemias (pathologies developed as a result of blocking blood flow to a part of the body). Curaxins are being developed as anticancer agents that could act as mono-therapy drugs or in combination with other existing anticancer agents.
About Cleveland BioLabs, Inc.
Cleveland BioLabs, Inc. is a drug discovery and development company leveraging its proprietary discoveries about programmed cell death to treat cancer and protect normal tissues from exposure to radiation and other stresses. The Company has strategic partnerships with the Cleveland Clinic, Roswell Park Cancer Institute, ChemBridge Corporation and the Armed Forces Radiobiology Research Institute. To learn more about Cleveland BioLabs Inc., please visit the company's website at http://www.cbiolabs.com.
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