Turning Pennies into dollars: (OTCBB: BCLI) , (OTC BB:BPMA), (OTC :BUNM.PK) , (OTCBB: CHDT)
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Mar 31, 2008 -- BrainStorm Cell Therapeutics Inc. (OTCBB:BCLI ), a leading developer of adult stem cell technologies and therapeutics, is pleased to announce the opening of a new animal house located at BrainStorm’s research headquarters in Petach Tikvah, Israel.
BrainStorm Cell Therapeutics Inc. is an emerging company developing adult stem cell therapeutic products, derived from autologous (self) bone marrow cells, for the treatment of neurodegenerative diseases. The NurOwn(TM) patent pending technology is based on discoveries made by the scientific team led by prominent neurologist Professor Eldad Melamed, Head of Neurology at Rabin Medical Center, and expert cell biologist Dr. Daniel Offen, Head of the Neuroscience Laboratory at the Felsenstein Medical Research Center of Tel-Aviv University. The technology allows for the differentiation of bone marrow-derived stem cells into functional neurons and astrocytes, as demonstrated in animal models. The Company holds rights to develop and commercialize the technology through an exclusive, worldwide licensing agreement with Ramot at Tel Aviv University Ltd., the technology transfer company of Tel-Aviv University. The Company's initial focus is on Parkinson ALS and Spinal Cord Injury, although its technology has promise for treating several others diseases including MS, Huntington's disease and stroke.
BCLI "closed yesterday at $0.40 per share."
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March 31, 2008-- Benda Pharmaceutical, Inc. (OTC Bulletin Board: BPMA ), a China-based pharmaceutical company producing both Gendicine®, a commercialized gene therapy medicine for the treatment of cancer, and traditional Chinese and conventional medicines, today announced financial results for the fourth quarter and fiscal year ended December 31, 2007. The Company plans to file its Annual Report with the SEC today.
The Company's general and administrative expenses in 2007 were $13.9 million compared to $2.5 million in 2006. The $11.4 million increase in 2007 was driven by $9.4 million in non-recurring costs, including $8.4 million in non-cash stock compensation expense for consulting services related to the acquisition of SiBiono and a $1.0 million cash penalty recorded in 2007 because of the late submission of the effective registration statement. For additional information regarding these items, please refer to the Company's Annual Report. Excluding these non-recurring expenses, operating income for the year 2007 would have been $5.8 million, up 92% from $3.0 million in 2006.
Benda Pharmaceutical, Inc., a China-based pharmaceutical company, produces traditional Chinese and conventional medicines, as well as Gendicine®, a commercialized gene therapy medicine for the treatment of cancer.
BPMA "closed yesterday at $0.30 per share."
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Mar 31, 2008 -- Burned Media Ltd. (Other OTC:BUNM.PK ), a Digital Music and Media company, has announced it has acquired all of the assets of FileXoom including the FileXoom.com domain property.FileXoom is an existing online destination with a high Google PR rating and traffic. The FileXoom.com destination gives Burned Media Ltd. a property in the file storage and delivery category of business. Users utilize online file storage sites to back up their person music files, pictures and other large or important documents.
Burned Media Ltd. is focused upon the sales of digital music and other digital products and services via various online digital sales channels.
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Mar 31, 2008 -- CHDT Corporation, a Florida corporation (OTC BB:CHDO.OB - News) announced today that the company's wholly owned subsidiary, Overseas Building Supply(OBS), will be re-branded as a new consumer electronic products company called Black Box Innovations, LLC. (BBI) Management's decision was based on the deepening decline in the housing and construction industries which has resulted in the inability of OBS to successfully penetrate the building supply market.
CHDT Corp. (http://www.chdtcorp.com) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com ) and (www.stptools.com) is engaged in product development, manufacturing, distribution, logistics and product placement to mass retailers; and Black Box Innovations, LLC is engaged in the manufacturing and distribution of electronic consumer products to mass retailers. Reference of URLs in this press release does not incorporate said URLs or any of their contents in this press release
CHDT "closed yesterday at $0.02 per share."
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