OTCPicks.com Daily Market Movers Digest Midday Report for Monday, October 8th
OTCPicks Publisher Newsletter
OTCPicks.com Daily Market Movers Digest Midday Report for Monday, October 8th AMBS, BIOF, SPOW, XDSL, COWI, AMHD Our Stocks to Watch today include Amarantus Biosciences Inc. (OTCBB: AMBS), Biofuel Energy Corp. (Nasdaq: BIOF), Sky Power Solutions Corp. (OTCBB:
SPOW), mPhase Technologies Inc. (OTCBB: XDSL), CoroWare Inc. (OTCBB: COWI) and Amelot Holdings Inc. (OTC: AMHD).
Visit http://otcpicknews.com/emailmarketer/link.phpM940&N80&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.
AMARANTUS BIOSCIENCES INCORPORATED (OTCBB: AMBS) “Up 20.37% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L59&F=T Amarantus BioSciences, Inc. is a California-based development-stage biotechnology company founded in January 2008. The Company has a focus on developing certain biologics surrounding the intellectual property and proprietary technologies it owns to treat Parkinsons disease and other human diseases. The Company owns the intellectual property rights to a therapeutic protein known as Mesencephalic-Astrocyte-derived Neurotrophic Factor (“MANF“).
AMBS News:
October 8 – Amarantus Biosciences and RBCC Announce NuroPro Parkinson`s Diagnostic as Target for Joint Venture Rainbow Coral Corp. (OTCBB: RBCC) biotech subsidiary Rainbow BioSciences and Amarantus Biosciences (OTCBB: AMBS) have moved into the final stages of the terms for a deal. The pending joint venture agreement will see the two entities working together to move the Amarantus NuroPro Parkinsons diagnostic platform towards commercialization.
This is a cutting edge approach to diagnosing a debilitating disease that has afflicted millions of people worldwide, said RBCC CEO Patrick Brown. The marketplace is crying out for new breakthroughs in the diagnosis of neurological diseases, and we believe NuroPro has the potential to diagnose Parkinsons disease early allowing physicians to initiate treatment regimens earlier, as well as conduct research of clinical-stage disease-modifying treatments on earlier-stage patients.
The deal is being structured to enable completion of the final stages of the NuroPro program, resulting in a commercially viable product to be introduced to the market place. NuroPro is being developed for the diagnosis of Parkinsons disease. The NuroPro test works by identifying differentiated levels proteins and peptides in the blood of patients who have Parkinsons disease, versus those who do not. NuroPro has completed a Phase 1 human clinical trial. The companies expect to initiate Phase 2 clinical studies in 2013. It is expected that upon completing Phase 2, NuroPro would begin generating revenue through sales under the Clinical Laboratory Improvement Amendment (CLIA) certification.
Amarantus focus on Parkinsons disease has allowed it to gain considerable traction with partners who understand the potential value of the technologies we have in-house, said Gerald E. Commissiong, President & CEO of Amarantus. This transaction will allow Amarantus to gain upside from the licensing of the NuroPro asset, while defraying the costs of the project in order to focus our internal resources on the MANF Program for Parkinsons disease and Traumatic Brain Injury. As NuroPro advances towards commercialization, we expect it could become a key differentiating component of our clinical development program of MANF for Parkinsons disease.
The market for Parkinsons could grow to a value of $3.75 billion by 2015, according to a report last year by Visiongain analysts. RBCC expects a deal with Amarantus to help position the company to capitalize on that growth and generate revenue in the near-term. Amarantus expect a deal with RBCC to further enable the development of the MANF Program.
ABOUT RAINBOW BIOSCIENCES Rainbow BioSciences, LLC, is a wholly owned subsidiary of Rainbow Coral Corp. (OTCBB: RBCC). The company continually seeks out new partnerships with biotechnology developers to deliver profitable new medical technologies and innovations.
BIOFUEL ENERGY CORPORATION (NASDAQ: BIOF) “Up 8.33% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L87&F=T BioFuel Energy Corp. engages in the production of ethanol in the United States. It has two ethanol plants that produce 115 million gallons per year, which are located in Wood River, Nebraska and Fairmont, Minnesota.
The company was founded in 2006 and is headquartered in Denver, Colorado.
BIOF News:
September 24 – BioFuel Energy Idles Minnesota Plant Biofuel Energy Corp. (Nasdaq: BIOF), an ethanol production company, announced that it has decided to idle its Fairmont, Minnesota ethanol facility until further notice. The plant ceased ethanol production as of the end of last week. The Company reported that its second plant in Wood River, Nebraska continues to operate.
“Commodity margins have continued to weaken as the impact of the drought in the Corn Belt continues and ethanol remains in surplus,” said Scott H.
Pearce, the Company`s President and Chief Executive Officer. “As a result, our current expectations are that the Fairmont plant will remain idle until we are able to secure local corn at price levels that support better margins. In the meantime, we will not be making any changes to our current operations team so that we can continue to operate the grain elevator and are in a position to re-start the ethanol plant on short notice.” This release contains certain forward-looking statements within the meaning of the Federal securities laws. Such statements are based on management`s current expectations, estimates and projections, which are subject to a wide range of uncertainties and business risks. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Factors that could cause actual results to differ from those anticipated are discussed in our Exchange Act filings and our Annual Report on Form 10-K.
BioFuel Energy currently has two 110 million gallons per year ethanol plants in the Midwestern corn belt. The Company`s goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities.
SKY POWER SOLUTIONS CORPORATION (OTCBB: SPOW) “Up 35.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L33&F=T Sky Power Solutions Corp. focuses on developing a standalone residential solar generation system for homeowners. It also intends to develop rechargeable lithium ion batteries for power production for various uses, including hybrid vehicles and other applications. The company is based in Las Vegas, Nevada.
SPOW News:
No recent news for Sky Power Solutions Corp. (OTCBB: SPOW).
MPHASE TECHNOLOGIES INCORPORATED (OTCBB: XDSL) “Up 8.33% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L&F=T mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website at www.mpowertech.com.
XDSL News:
September 13 – mPhase Technologies Receives Notice of Allowance for Modular Device Patent mPhase Technologies, Inc. (OTCBB: XDSL) reported that it has received a Notice of Allowance from the U.S. Patent & Trademark Office (USPTO) for a Modular Device patent.
The invention generally relates to a handheld, powered device containing at least one power module having at least one battery, wherein the power module is removable and separately connects to each of the load modules.
More specifically it relates to a modular device for providing multiple modular components that may be interchanged as desired. A system for providing a modular device for use in emergency or everyday applications and having a plurality of modular components that are interchangeable with one another depending on the particular desired use.
COROWARE INCORPORATED (OTCBB: COWI) “Up 114.29% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L66&F=T Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence. Since 2004, CoroWare has delivered mobile robotics consulting services, solutions, and products to customers worldwide in Europe, Asia, and the Americas. CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development. CoroWare`s CoroBot product line has been shipped to over 86 corporate and academic researchers in over 24 countries worldwide.
COWI News:
September 27 – CoroWare Announces ARiCON Joint Venture CoroWare, Inc. (OTCBB: COWI) announced that it has partnered with a private investor to launch a joint venture ARICON, LLC that will develop and market mobile robot platforms, applications, and solutions for the construction industry.
The joint venture will initially be comprised of CoroWare, who will contribute mobile robotics development capabilities; and Lucas Snyder, a private investor who will contribute construction industry knowledge, expertise and customer relationships.
Since the 1960`s, the construction industry saw great advances through the development of Computer Aided Architectural Design (CAAD) products and services. Through its combined expertise in construction and robotics, ARiCON intends to address the growing need for Computer Aided Production (CAP) solutions, with its initial focus on the development of robotic layout systems.
“Computer Aided Architectural Design has been the construction industry`s best practice since the 1960s, said Lucas Snyder. “ARiCON`s initial product offering will bridge the void between design and production and usher in a new sustainable future for the construction industry.” ARiCON plans to address this between design and production with a robotic layout system over the next six months, taking our product to market three months thereafter.” “We are excited to announce a joint venture with an investor who has a passion for bringing new advances into the commercial construction industry,” said Lloyd Spencer, CEO of CoroWare. “Working together, we believe that ARiCON`s floor layout robotic solutions will help address the productivity and efficiency challenges faced by the construction industry.” ABOUT ARICON, LLC Headquartered in North Carolina, ARICON, LLC, is focused on the development and marketing of mobile robot platforms, applications, and solutions for the construction industry.
AMELOT HOLDINGS INCORPORATED (OTC: AMHD) “Up 100.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N80&L96&F=T Amelot Holdings, Inc. (www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified Biodiesel as a $20 billion emerging market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S.
dependency on foreign oil supplies and reduce the impact of energy on our environment.
AMHD News:
No recent news for Amelot Holdings, Inc. (OTC: AMHD).
OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.
We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N80&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N80&L=8&F=T.
Disclosure: OTCPicks.com is not currently being compensated by any of the companies covered in this release.
Related posts:
- OTCPicks.com Stocks to Watch for Friday, February 10th
- OTCPicks.com Daily Market Movers Digest Midday Report for Monday, August 20th
- OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, September 13th
- OTCPicks.com Stocks to Watch for Wednesday, November 2nd
- OTCPicks.com Stocks to Watch for Monday, July 2nd