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Steadfast Holdings Group, Inc. (Pink Sheets: STHG) (Wed, April 16, 2008, 7:00am ET) Steadfast Holdings Group, Inc. announced that its Steadfast Automotive stores have begun selling a proprietary spray-on formulation of UV-protectant for all types of truck bed liners, that the Company is branding "Steadfast Rejuvenator." The protectant blocks ultra violet rays which cause bed liners to fade and crack.
John Calash, CEO of Steadfast Holdings Group, Inc., stated, "We know from our sales experience with our commercial and consumer customers that they need a superior spray UV-protectant product to extend the life of their truck's bed liners. Consequently, we had formulated exclusively for us a unique, high performance spray UV-protectant which we are marketing through our stores, and eventually through other accessory stores as well.
We believe Steadfast Rejuvenator is unsurpassed by any comparable product in the market in performance and value for the price. It is yet but one more example of how we are approaching our growth innovatively with high margin product, in order to build incremental revenue and profit."
About Steadfast Holdings Group, Inc.
Steadfast Holdings Group distributes a variety of products to the automotive aftermarket. The core business is its spray on truck bed protection product which offers specially formulated polymers that permanently bond to the truck's bed. The Company's spray-on Polyurea is a remarkable technology with a range of uses limited only by your imagination. They are also utilized in commercial, industrial, agricultural, military and custom applications when this tough coating is used to protect everything from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. Steadfast also has distribution agreements with the several companies that manufacture light truck aftermarket products. Additional information may be found at www.steadfastlinings.com.
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Exousia Advanced Materials, Inc. (OTCBB: EXOU) (Tue, April 15, 2008, 9:58am ET) Exousia Advanced Materials, Inc. announces that it will exhibit its Power Shield family of high-performance industrial coatings at the 13th Annual Shanghai Asia Coating Exhibition -- ASIACOAT 2008 -- with its Northern China strategic marketing partner, Northern International Group (NIG).
ASIACOAT 2008, to be held May 22nd through May 24th at the Shanghai International Exhibit Center, is the largest and most professional industrial coatings event in China with nearly 300 companies from all over the world. Exousia will be one of the U.S. based companies participating in this event, and will have the opportunity to introduce itself to over 50,000 coatings customers and suppliers from the Chinese and Asian coatings industry.
To help build a strong brand for its industrial coatings, Exousia has filed for two Chinese trade names - Power Shield and Diamond Shield. In addition, the company's first coating plant, which is designed to produce up to 2 million gallons of high-performance coatings each year, is currently under development in Tianjin. To meet the industrial coating demand generated by China's high-growth economy, Exousia plans to build up to five more plants.
Anticipating a strong showing at the Expo, Exousia will send an executive and technical team from its Texas headquarters. Also represented will be Exousia's distributors from the Eastern China Territory, Northeastern China (Manchuria) Territory, Southern China Territory and Western China Territory. Exousia believes this event will provide an excellent opportunity to promote its coating product lines to the Chinese market. Exousia will also utilize the Expo to launch its brand name awareness campaign.
At the event, Exousia will display and promote its advanced industrial coatings, including its proprietary VISTAMER Rubber coatings. VISTAMER Rubber is a patented, surface-modified rubber particle that is exclusively manufactured by Exousia, and Exousia is the only company to incorporate VISTAMER Rubber into industrial coatings.
VISTAMER Rubber substantially increases the impact resistance, abrasion resistance and surface adhesion of industrial coatings, causing them to perform better and last longer.
"Exousia is excited to launch its industrial coatings products into China at this major event," comments Exousia VP of Sales and Marketing Asia, David Chen. "The ability to exhibit alongside a company as large and important as NIG provides Exousia with great visibility and credibility."
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Neoprobe Corporation (OTCBB: NEOP) (Wed, April 16, 2008, 8:35am ET) Neoprobe Corporation, a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, today announced that concurrent with the authorization by FDA to commence patient enrollment in a Phase 3 multi-center clinical study of Lymphoseek, the Company completed the second closing of $3 million in financing committed to by Platinum-Montaur Life Sciences LLC (Montaur) in December of last year. The closing with Montaur provides Neoprobe with funding to commence its Phase 3 clinical studies of Lymphoseek in patients with breast cancer or melanoma and head and neck squamous cell carcinoma.
The funding is in the form of a secured note with is repayable in December 2011 and is fully convertible into Neoprobe common shares at $0.36 per share, which was the closing price of Neoprobe's common stock on April 10, 2008, when the investment was priced. In addition, Neoprobe issued Montaur a warrant to purchase up to 8,333,333 shares of Neoprobe common stock at $0.46 per share. In connection with amending the securities purchase agreement related to the second closing, Montaur and Company also modified the prerequisite milestone necessary to receive a final $3 million in funding from Montaur. The milestone was modified to obtaining 135 positive lymph nodes in the Phase 3 trial of patients with breast cancer or melanoma.
David Bupp, Neoprobe's President, said, "The completion of the Montaur financing provides Neoprobe with the financing to initiate the Phase 3 clinical study of Lymphoseek in a timely manner. We expect to begin patient enrollment in the Phase 3 clinical study in patients with breast cancer or melanoma shortly after the FDA-cleared clinical protocol and associated materials receive final clearance from clinical review committees of the investigational sites. The first of the Phase 3 sites have received institutional approvals and we are preparing to commence patient enrollment."
Michael Goldberg, M.D., Principal, Montaur Capital Partners, LLC and Portfolio Manager of the Platinum Montaur Life Sciences Fund, said, "Neoprobe continues to represent an excellent investment opportunity. We are pleased with their progress since our initial investment and look forward to the successful completion of their pivotal clinical trials."
WBB Securities LLC served as the sole placement agent on the transaction with Montaur.
Lymphoseek is a proprietary radioactive tracing agent being developed for use in connection with gamma detection devices in a surgical procedure known as Intraoperative Lymphatic Mapping.
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Power-Save Energy Company (OTCBB: PWSV) (Tue, April 15, 2008, 9:00am ET) Power-Save Energy Company, an emerging leader in the renewable energy and energy savings products industry, today announced that it has concluded the acquisition of substantially all the assets of U.S. Energy Conservation Corporation including its patented product the "Wattman" (U.S. Patent 6,046,549 and 6,020,726).
Michael Forster, Power-Save Energy Company President and CEO stated, "We're pleased to announce the successful closing of the acquisition of U.S. Energy Conservation Corporation. The addition of the patented Wattman (to be renamed HID Light Manager) to our expanding energy conservation product line, including the recently introduced Power-Save Solar and Power-Save Wind Turbine, position us well for future growth. Importantly, we are now able to offer our resellers and electricians throughout the country a patented energy savings device for the huge HID lighting market."
Forster further stated, "High-Intensity Discharge (HID) light sources, such as metal halide and high-pressure sodium lamps, have long dominated the market for outdoor lighting and lighting indoor spaces with high ceilings. The HID lighting market is vast, consisting of over 455,000 buildings not including malls, gas stations, streetlights or outdoor parking areas and consuming an estimated $23.6 billion annually in electricity according to the 2003 CBECS report. Common HID lighting applications including streetlights, parking garages, outdoor parking areas of all types, warehouse applications like big box stores, and commercial / industrial workplaces. With the installation of the Wattman, customers can expect and Power-Save will guarantee or your money back, a minimum of 20% savings on the lighting bill for HID lighting installations." The Wattman has a proven track record of delivering energy savings to existing customers who include the City of Pomona CA, Hilton Hotels, Rockwell International and the Port of Long Beach, CA
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