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Advanced BioPhotonics Inc. (OTCBB: ABPH ) (December 19, 2007) announced that it has completed its initial phase and review of the clinical trial protocol previously announced earlier this year. This trial is investigating the use of Advanced BioPhotonics' patented BioScanIR System, together with its proprietary DIRI method of dynamic infrared imaging in detecting and assessing pigmented lesions of the skin including melanoma and other forms of skin cancer.
In a review of the first twenty-four cases, the BioScanIR was able to correctly identify all four melanomas including a melanoma in situ as well as accurately identifying 80% of the benign lesions as confirmed by biopsy and/or clinical examination.
Although this phase is a small sample size, the principal investigator at the institution called the findings encouraging and promising. The next phase of the study will focus on lesion characterization to help further improve the system's performance. It is expected that the next phase will take several months to complete.
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Stinger Systems, Inc. (OTCBB: STIY ) (December 19, 2007) a leader in electro-stun technology, today announced a major research university has completed a comprehensive cardiac study of the Stinger Systems' S-200 projectile stun gun. Details of the study are being withheld pending publication at a scientific meeting and/or in a scientific journal. However, this study confirmed the cardiac safety of the S- 200, which had previously been documented in internal safety testing. Stinger Systems' stun products have been used since 2000. Thousands of applications have occurred and, to date, the Company has had no reported injuries or adverse health effects using its products including during training. Additional medical studies of the S-200, including direct comparisons to the Taser M26 and Taser X26 are currently underway.
Stinger Systems, Inc. intends to introduce the study for acceptance into evidence at trial of its federal case against Taser International, Inc. (Nasdaq: TASR) for false advertising/unfair competition, that is United States District Court for the District of Arizona case CV-07-0042-PHX-MHM.
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Prime Restaurants, Inc. (Pink Sheets: PRSU ) (December 19, 2007) announced that it has entered into a binding agreement to acquire a Major Restaurant Builder and Equipment Supplier.
Prime Restaurants, Inc. is very pleased after several months of negotiations and a lot of give and take on both sides that an agreement could be reached, it is the intent of the company (PRSU) to build a national branded restaurant chain and know that with the experience and knowledge of Baron International and their management team this is within the realm of reality.
Baron International will be a 100% wholly owned subsidiary of PRSU with the original founders and officers of Baron remaining onboard to run the subsidiary. The acquisition is expected to be officially completed by the end of January 2008.
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Firesky Media Corp. (Pink Sheets: FSKM ) (December 19, 2007) has signed a letter of intent to acquire Sky Electronics, Inc.. Sky's revenue for 2007 will be approximately $18.5 million; they are profitable and have seen sales grow 52% since 2004. Firesky will acquire Sky for $2.5 million in cash and 38% of Firesky common stock.
Sky is a distributor of OEM original products of network gear and server products from the world's leading manufacturers. Through its network of global sources Sky distributes new OEM original packaged products without franchise distribution costs, which provides Sky's customers with access to OEM products at a reduced cost as well as with same day shipping. As a result, Sky has significant margin opportunities and a large customer base.
Once the acquisition is complete, Sky will continue to have full autonomy over its day to day operations, with Sky CEO Dan Rickabus joining the Firesky Board of Directors. In addition, Firesky plans to make additional acquisitions of other similar companies. The Company also plans to change its name during the fourth quarter.
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