Thursday, January 31, 2013

Chanticleer Holdings, Inc. (HOTR) Capitalizes on World Famous Brand


America has a long history of importing and developing ideas from around the world, but the past century has been known primarily for the exporting of American ideas and lifestyle. One of the most visible examples of this is the rapid spread of the American food service industry to all parts of the world. Global U.S. restaurant brands now receive a significant portion of their revenue from outside the country, with some reaching the point where a majority of their profits will soon come from their foreign operations. Increasing middle class populations in developing countries represent a vast and growing consumer market for American restaurants, often with far less competition.

Chanticleer Holdings, together with major private equity investors, recently acquired Hooters of America (HOA) and its largest franchisee, Texas Wings, Inc. This made Chanticleer a minority holder in the famous Atlanta-based operator and franchisor of the Hooters brand, with over 430 restaurants in 28 countries. Chanticleer also has the rights to itself develop and operate restaurants in South Africa, Hungary, and parts of Brazil. The company itself currently owns, in whole or part, 6 restaurants internationally, consisting of 4 in South Africa, 1 in Australia, and 1 in Hungary. They plan to open another in South Africa in the first half of 2013, as part of their overall 2013 goal of ensuring same-store sales growth, increasing consolidated gross margins and profitability, and generally expanding the number of Hooters restaurants.

The company’s stated mission is to expand the Hooters restaurant brand in international emerging markets to bring the American sports bar experience abroad. As one of the most well-known restaurant brands in the world, Hooters has a menu that consists of moderately-priced American bar food and the world-famous Hooters girls. Chanticleer’s franchise model allows for rapid turn-key operations and high returns, and the company is well positioned with a projected annual growth rate of over 50%.

For additional information, visit www.ChanticleerHoldings.com

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Verint Systems, Inc. (VRNT) Impact 360 Speech Analytics Software Deployed by China Pacific Insurance Company


Verint Systems announced that China Pacific Insurance Company (CPIC), one of the largest insurance companies in China, has deployed Verint’s Impact 360 Speech Analytics software across its contact center in Shanghai. CPIC takes a direct approach to service quality and customer satisfaction, focusing on proactively identifying and responding to the root causes that prompt customer calls into its center.

CPIC was established in 1991 and offers a sales and services network that covers many parts of China. CPIC selected Verint’s Impact 360 Speech Analytics to complement its existing use of call recording technology, also from Verint; in doing this, CPIC has gained the capability of pinpointing cost drivers, trends and opportunities, as well as gaining a better understanding of how its products and services are being perceived in the market.

Verint’s Impact 360 Speech Analytics is increasing the rate at which CPIC is able to identify and take action on the processes that impact its quality and customer satisfaction. The software has also enabled CPIC to consistently improve the quality of its customer satisfaction programs. CPIC’s aim is to be the customer service leader within China’s insurance industry. The company has had a positive experience with Verint’s Impact 360 recording software, so adding Verint’s speech analytics program and upgrading CPIC’s investment was a natural choice.

Impact 360 Speech Analytics, implemented by CPIC in March 2012, is designed to aid worldwide organizations in gaining insight from recorded calls – enabling them to resultantly deliver a better customer service experience to patrons, streamline costs, and improve products, services, and supporting business processes.

Created to help companies understand customer behavior, Impact 360 Speech Analytics automatically categorizes and analyzes call content – telling users why customers call, revealing the root causes of customer perceptions and high call volumes, and identifying market threats and opportunities. Companies can then use this information to provide high-value intelligence across the enterprise – from contact center up to executives.

For more information about Verint’s Enterprise Intelligence Solutions, visit www.verint.com

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John Atkinson Joins WidePoint Corp. (WYY) as Executive Vice President of Sales and Marketing


WidePoint announced that Mr. John Atkinson will be joining the company as its new Executive Vice President of Sales and Marketing. Atkinson will bring over 28 years of experience to WidePoint, a leading provider of cloud-based telecommunications services and cyber security solutions.

Of his new role, Atkinson remarked, “I look forward to being part of the executive team at WidePoint and bringing my expertise and relationships into a marketplace that is poised for wide adoption and growth. In particular, I’m excited about the strategic charge of implementing a suite of integrated secured mobility solutions offered at the Enterprise level.”

Having spent almost 30 years in the Information Technology sector, Atkinson possesses a strong background in developing, building, and deploying international sales and marketing strategies, teams, and channels. His resume includes time spent at companies such as Lenovo, WinMagic, IdentiPhi, Gieseche & Devrient, Gemplus, Samsung, and Hitachi. In his new role, Atkinson will oversee the sales and marketing management of WidePoint’s overall product and services offerings.

“John has an excellent record in developing and executing sales and marketing strategies and brings both broad-based experience and relevant expertise to WidePoint at this juncture, as we work to broaden our solutions and customer reach,” remarked Steve Komar, WidePoint’s CEO. “He will be an important, driving asset in further strengthening WidePoint’s leadership position in the Telecom Management and Identity Assurance and Management space as we continue to work at converging our solutions and delivering enterprise-wide integrated solutions to our customers and prospects, while expanding our market presence and position.”

WidePoint, with Atkinson’s presence, is now be in a position to continue the building and deploying of a robust sales and marketing infrastructure in 2013. The company plans to broaden its solutions and reach from the federal sector to state and local municipalities, in addition to finding commercial market opportunities (both in the U.S. and abroad) to meet the needs of its multi-national customer base.

For more information, visit www.widepoint.com

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JA Solar Holdings Co., Ltd. (JASO) Announces Largest Solar Installation in Tennessee


JA Solar Holdings recently announced the completion of the delivery of 9.5 MW of PV modules to the Volkswagen Solar Park. The installation contains 33,600 high-performance multi-crystalline silicon PV modules across 33 acres of land next to the Volkswagen manufacturing plant in Chattanooga, Tennessee. The modules have been supplied exclusively by JA Solar.

Based in Shanghai, China, JA Solar is focused on manufacturing solar power products intended for residential, commercial, and utility-scale power generation. JA Solar produces solar modules which it distributes under its own brand, and also manufactures products for other solar manufacturers. The company also has facilities in Shanghai, as well as Hebei, Jiangsu, and Anhui provinces.

The solar park, which is the largest such park in Tennessee, was constructed by Phoenix Solar for Silicon Ranch Corp. The park will sell the electricity to Volkswagen under a 20-year power purchase agreement, and is expected to produce 13,100,000 kWh of electricity annually. Volkswagen Group of America Chattanooga Operation LLC hosted a “power up” dedication ceremony on January 23.

Jonathan Pickering, president of JA Solar, said, “The United States is one of the fastest growing markets in the global solar industry and we are proud to have JA Solar modules powering this landmark Volkswagen solar installation. JA Solar is committed to providing high-quality, high-performance, and high-reliability solar modules to our customers and we are pleased to have been selected by Phoenix Solar for this project. Phoenix Solar has an outstanding reputation as a global leader in the design and construction of solar systems, and we’ve enjoyed a very close partnership as both companies grow in the United States.”

“We are delighted to have worked together with JA Solar on the Volkswagen Solar Park installation,” said Dr. Murray Cameron, CEO and president of U.S.-based Phoenix Solar Inc. “JA Solar’s high-quality products and professional technical and customer services were key to the success of the project and we look forward to collaborating again in the future.”

For more information, visit www.jasolar.com

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Digirad Corp. (DRAD) Receives FDA 510(k) Clearance for Expanded Uses of ergo Imaging System


Digirad is a leading provider of diagnostic imaging products, as well as personnel and equipment leasing services. The ergo Imaging System is the company’s most advanced nuclear medicine camera featuring the Large Field of View (LFOV) solid-state detector. Lightweight and portable, it can be easily be moved throughout any health facility, maximizing its usefulness and operational cost.

The company reported today that it received U.S. FDA 510(k) market clearance to further expand the clinical flexibility of the ergo Imaging System for applications throughout the hospital, including the areas of nuclear medicine, surgery, and women’s health.

The Food and Drug Administration clearance included indications for lymphatic scintigraphy and parathyroid scintigraphy, both nuclear diagnostic imaging tests. The approval also covered aiding in the evaluation of lesions in the breast and other small body parts. In breast imaging, the ergo serves as an adjunct to mammography. The ergo can also be used intra-operatively when protected by sterile drapes.

Digirad’s ergo Imaging System is a perfect example of the company’s continuous efforts to provide its customers with better ways to attain improvements in outcomes, both clinically and financially. It is leading physicians to re-think how, when, and where imaging systems are used.

For additional information about Digirad, visit www.digirad.com

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Wednesday, January 30, 2013

VistaGen Therapeutics, Inc. (VSTA) to Profit from Growing Need for Better Approach


A recent article by Ryan McBride in biotech industry newsletter FierceBiotech (http://dtg.fm/i12W) highlights a major transition that needs to occur in the pharmaceutical industry.

The article points to a speech by Ken Kaitin, director of the Tufts Center for the Study of Drug Development, suggesting that drug development companies need to fix broken areas of development that are costing them billions of dollars from unnecessary procedures in clinical trials. Kaitin’s group expects pharma to replace traditional trial-and-error testing methods with newer approaches, such as biomarkers, modeling, and simulation, all in an effort to reduce failures and associated costs, costs which payers are increasingly reluctant to accept.

It’s exactly the issue that is being addressed by VistaGen Therapeutics’ proprietary stem cell technologies. VistaGen is a California-based biotechnology company applying its human pluripotent stem cell technology for drug rescue applications, including predictive toxicology and drug metabolism screening. The company intends to use its proprietary technology to discover, rescue, and develop novel drug candidates for a wide range of diseases.

The company’s platform, Human Clinical Trials in a Test Tube, is based on the differentiation of human pluripotent stem cells into multiple types of mature human heart and liver cells which can then be used to provide clinically relevant predictions of potential toxicity. Determination of toxicity at these early stages, far earlier than standard clinical trials, means that drug candidates have a chance of being modified for a successful outcome, saving tremendous amounts of money.

Many otherwise promising drug candidates have been shelved due to toxicity issues that surfaced well into the development and introduction process, representing major losses for drug companies. It suggests a growing recognition of the incredible value offered by technologies such as those VistaGen represents.

For additional information, visit www.VistaGen.com

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EMCORE Corp. (EMKR) Announces Delivery of 1 Millionth Solar Cell to Space Systems/Loral


EMCORE, a prominent supplier of compound semiconductor-based components and subsystems to the fiber optic and solar power markets, today announced that it has reached an incredible milestone after recently delivering its 1 millionth high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which will eventually represent more than a megawatt of power delivered into space. This occasion will be marked by a joint special event hosted by EMCORE and Space Systems/Loral at EMOCORE’s Albuquerque facilities during the week of February 25, as well as a commemorative award representing the 1 millionth solar cell.

Space Systems/Loral has used EMCORE as its primary supplier for high-efficiency, multi-junction solar cells for over 10 years and in May 2009 the two companies entered into a long term supply agreement for EMCORE to continue manufacturing and delivering solar cells through 2014. EMCORE’s business connection with Space Systems/Loral has been a key factor in the development of the company’s flourishing photovoltaics division and the success of its space satellite solar power business. Since its inception in 1998, EMCORE Photovoltaics has experienced incredible growth, even recently becoming the world’s largest manufacturer of high-efficiency, multi-junction solar cells for space power applications.

“The EMCORE team continually demonstrates their dedication to our business,” said Vivian Mackintosh, Vice President of Supply Chain Management at Space Systems/Loral. “EMCORE is more than just a supplier to SS/L. We have developed a close collaborative working relationship that ensures on time delivery and the highest level of quality.”

“Delivering 1 million solar cells for more than 50 successful satellite launches by Space Systems/Loral is a tremendous milestone for EMCORE and our space satellite solar business,” said Dr. Hong Hou, Chief Executive Officer at EMCORE. “We are especially proud to have achieved this milestone with our solar cells meeting all requirements for performance and reliability. We are delighted and very grateful to continue this relationship, and we look forward to working with Space Systems/Loral to power their satellite missions for many years to come.”

EMCORE’s industry-leading multi-junction solar cells have a Beginning-Of-Life (BOL) conversion efficiency of almost 30% and the option for a patented, onboard monolithic bypass diode to provide the highest available power to interplanetary spacecraft and earth orbiting satellites. EMCORE’s proven manufacturing capability, technology leadership, and high-reliability solar cells and panels make it the supplier of choice for demanding spacecraft power systems.

For further information, please visit www.emcore.com

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Ambient Corp. (AMBT) Announces Enhancements for Advanced Power Quality Monitoring Solution


Ambient Corp., provider of a secure, flexible, and scalable smart grid communications and applications platform, today announced further progress on the development of AmbientPQM™, an advanced Power Quality Monitoring solution that enables enhanced grid visibility for utilities.

An enhancement of the existing solution, the latest update, M-PQM, allows simultaneous monitoring of multiple sources of power quality data in both medium and low-voltage distribution.

AmbientPQM, a combination of software and hardware (PQM application, and Ambient Smart Grid® Nodes and Sensors), enables utilities to measure an array of power quality parameters on medium- and/or low-voltage distribution grids, on overhead or underground lines, and at distribution transformers.

AmbientPQM provides the following benefits:

Remote monitoring in real time
Extensive power quality parameters accurately measured for actionable data
Supports Volt VAR Optimization
Provides early warning of power quality issues
Helps prevent outages and protect assets
Enhances speed of restoration after outages, reducing Customer Minutes Lost (CML)
Easy and quick installation with no outage required
Part of an extensible and flexible platform for multiple smart grid applications, optimizing return on investment (ROI)

“This additional capability of our application reinforces the flexibility of the Ambient Smart Grid platform to provide invaluable information to maintain and improve efficiency and reliability for grid infrastructure,” said Ambient’s Chief Technology Officer, Ram Rao. “AmbientPQM facilitates real-time visibility to help deal with the multiple challenges faced by the distribution grid. It can be a vital component in helping to avoid outages and quickly restore power when they occur, resulting in better customer service.”

Hosted on the Ambient Smart Grid Nodes™, AmbientPQM is an application integrated within the Ambient AmbientNMS® (Network Management System) to facilitate configuration, management, analysis, and transfer of collected data on required sensing parameters. All aspects, including data collection, reporting, and alerts for each sensing parameter, are highly configurable to allow users to define configurations as necessary.

Ambient will be displaying all of its products and solutions at DistribuTECH, booth #1342, on January 29-31, 2013, in San Diego, CA.

For more information about Ambient, please visit www.ambientcorp.com

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Novatel Wireless, Inc. (NVTL) to Launch MiFi 5510L, a 4G LTE Mobile Hotspot, with Verizon Wireless


Novatel Wireless, a leading designer and developer of intelligent wireless solutions based on 2G, 3G and 4G technologies, has announced that the new MiFi 5510L Intelligent Mobile Hotspot will be launched on the Verizon Wireless network as the Verizon Jetpack 4G LTE Mobile Hotspot MiFi 5510L.

The fifth 4G LTE MiFi Intelligent Mobile Hotspot device to be developed and brought to market by Novatel, the MiFi 5510L has an exterior that is based on Verizon’s new iconic design with a red, translucent lens. The device, combined with Novatel’s award-winning MiFi Mobile Hotspot technology inside, offers best-in-class performance, ease of use, and an intuitive experience for users.

A personal mobile hotspot, the MiFi 5510L provides on-the-go Internet connectivity and capabilities of simultaneously sharing high-speed 4G LTE broadband Internet connectivity with up to 10 Wi-Fi enabled devices. The MiFi 5510L also features capacitive touch navigation keys for quick, easy access to essential device details, and it supports the latest security requirements mandated by some of the strictest corporate VPNs, including VPN Pass-through and SPI Firewall. Other new features include real-time data usage reporting, enabling the user to quickly understand how much data they have left to use on their monthly plan; IPv6 end-to-end support; and a long-lasting battery that supplies up to eight hours of continuous use on a single charge.

“We are excited to launch our fifth 4G LTE MiFi mobile hotspot and to be able to provide portfolio offerings for both value and premium segments of the market,” said Novatel Wireless CMO Rob Hadley.

The Verizon Jetpack 4G LTE Mobile Hotspot MiFi 5510L will be commercially available on the Verizon Web site beginning Jan. 31. The device will be available in Verizon Wireless stores in the weeks following, selling for $19.99 with a new two-year contract and after a $50 mail-in rebate.

For more information about Novatel Wireless, visit www.nvtl.com

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Ceragon Networks Ltd. (CRNT) Video Chart for Wednesday, January 30, 2013


CRNT is making a slow move off a bottom hit in November around $4 per share. The chart is making higher lows, but also lower highs, indicating indecision (and forming a wedge). The stock price is currently sitting on top of the 50-day moving average and showing signs of wanting to push upward. Technical traders will be watching the support at $4.70 and the resistance at $5.15.

To view the video chart, visit the following link: http://www.missionir.com/videos.html

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GlobalWise Investments, Inc. (GWIV) and the Cloud’s Transforming Nature


Accessing the Internet has become such a normal part of daily life, whether through computer or mobile device, that it’s beginning to become invisible, done almost without awareness. Today, the ascent of cloud technology is greatly accelerating the trend. Improvements in security and communication, together with more sophisticated ways of integrating cloud and on-site technology, has begun to quietly place a world of information and functionality in the hands of every user.

GlobalWise Investments, offering Enterprise Content Management (ECM) as a cloud based or local solution for document management, has taken such integration to a new level. The system allows companies to effortlessly capture and index critical documents as part of their normal copy/scan process, through seamless integration with leading printer/copier systems. These documents are then available for strictly authorized access worldwide 24/7. Leading hardware vendors such as Lexmark, Samsung, DELL, and many others already recognize the future of ECM and are now directly integrating into the Intellinetics Intellivue cloud platform.

William J. “BJ” Santiago, President & CEO of GlobalWise, summarized the economic advantages of their unique ECM business model, “Many in the industry have called our flagship software a ‘channel changer’ because our user-friendly model is similar to the traditional per click charge standard, but introduces a fixed cost model that appeals to a wider customer base. Therefore, the end-user no longer has to worry about being charged more money for each mono (black and white), color or virtual image scan (i.e. Video, Audio, JPEG, PPT, Excel, etc.). Intellivue allows the end-user to scan both hard-copy and virtual images, as well as index, search, and retrieve archived data via the cloud, in the same model in which they buy their products today through their dealer. Instead of a per page or per click charge, there is simply a capacity based monthly subscription fee.”

For additional information, visit www.GlobalWiseInvestments.com

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Tuesday, January 29, 2013

Tianli Agritech, Inc. (OINK) to Launch Black Hog Pork Products in Beijing Supermarket Chains


China-based hog producer Tianli Agritech announced that it is launching its black hog products in several regional supermarket chains in Beijing, including HAU LIAN and YONG HUI. Beijing is the largest pork consuming market in China with an estimated 10 million hogs consumed annually as fresh, refrigerated, and frozen meat cuts.

Tianl’s black hog pork cuts will be introduced under the Tianli-Xiduhei™ brand in advance of Chinese New Year celebrations. The Tianli-Xiduhei™ black hogs and its meat cuts are a product of the company’s “10,000 families and 1,000,000 Black Hogs” program in Enshi Prefecture, Hubei Province. Under the auspices of the local government, Tianli is supporting local farming, breeding, and production of black hogs fed with its proprietary feed formula.

Hanying Li, Chairwoman and CEO of Tianli Agritech, remarked, “Entering the Beijing market is an important milestone for our black hogs program. Tianli’s goal is to serve premium quality pork to the general market. Success in the Beijing market will validate our 10,000 families and 1,000,000 Black Hogs program and also contribute to our revenues and earnings in 2013.”

Black hog meat is known throughout China as a superior pork product, rich in flavor, macronutrients, and naturally-occurring antioxidants like selenium. Selenium is used in treating diseases of the heart and blood vessels, including hardening of the arteries. Trace levels of selenium are found in many plants and protein foods which are widely respected for their health benefits by Chinese consumers. Tianli-Xiduhei™ will highlight the selenium content in its black hog meat cuts on its packaging and marketing.

For more information, visit www.tianli-china.com

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Cardium Therapeutics, Inc. (CXM) Presents at the 2013 Cell & Gene Therapy Forum


Today before the opening bell, Cardium Therapeutics announced its Chief Scientific Officer, Gabor M. Rubanyi, M.D., Ph.D. delivered a presentation at the 2013 Phacilitate Annual Cell & Gene Therapy Forum in Washington, DC. The presentation, titled “Optimizing Phase III Trial Design for Generx® (Ad5FGF-4),” outlined the current scientific knowledge about the mechanistic basis of adaptive coronary collateral growth, the biological processes to be targeted by therapeutic angiogenesis, and the lessons learned during the past decade of the company’s Generx clinical development program.

If you would like to view the presentation, visit http://www.cardiumthx.com/generx.html.

“The presentation yesterday reviewed new techniques that have been implemented to optimize our international Phase 3 ASPIRE clinical study for the Company’s Generx® (Ad5FGF-4) DNA-based angiogenic growth factor drug candidate, including: (1) diagnostic identification of patients likely to be more responsive to angiogenic therapy; (2) new balloon catheter-based delivery methods designed to boost adenovector gene delivery and enhance angiogenic growth factor efficiency; and (3) selection of relevant clinical endpoints which may be useful in future clinical studies and help advance the field of therapeutic angiogenesis,” stated Christopher J. Reinhard, Cardium’s Chairman and CEO.

Generx is an interventional cardiology-focused product candidate that is being developed to offer a one-time, non-surgical option for the treatment of a medical condition termed cardiac microvascular insufficiency (CMI) in patients with myocardial ischemia and symptomatic chronic stable angina pectoris due to coronary artery disease. Patients with CMI have had an insufficient angiogenic response to their current disease state and may benefit from a biological therapy that enhances cardiac perfusion through the facilitation of collateral vessel formation. Currently, patient inclusion in the ASPIRE study requires evidence of stress induced reversible myocardial ischemia as measured by SPECT imaging. The goal of the company’s Generx product candidate is to improve blood flow to the heart muscle by promoting and enhancing cardiac perfusion through the enlargement of pre-existing collateral arterioles (arteriogenesis) and the formation of new capillary vessels (angiogenesis). Various catheter-based imaging diagnostics including fractional flow reserve and washout collaterometry could enhance the clinical adoption of this non-surgical therapeutic angiogenesis approach following initial registration.

Cardium’s extensive preclinical and clinical studies have been instrumental in identifying cardiac ischemia as a key facilitator of non-surgical DNA-based angiogenic therapy. Improved adenovector administration methods combine non-surgical, percutaneous balloon catheter-based delivery to transiently induce ischemia together with the use of nitroglycerin to enhance vector uptake. By increasing cell transfection efficiency and reaching both the peri-ischemic regions and pre-existing collaterals in the heart, this modified approach offers the potential to effectively simulate both angiogenesis and arteriogenesis to bring about improved blood flow. Cardium’s new delivery techniques are also designed to provide uniform Generx uptake, to reduce response variability and to allow for the potential treatment of patients with a broader range of associated coronary artery disease.

Cardium has modified the primary endpoint of the ASPIRE clinical study from the traditional measure of improvement in treadmill exercise time (ETT) to a more objective efficacy endpoint of reduction in reversible perfusion deficit based on SPECT myocardial perfusion imaging. Similar to mechanical/surgical cardiac revascularization approaches, the goal of Generx treatment is to improve myocardial perfusion (blood flow). SPECT myocardial perfusion imaging can be used to quantitatively evaluate Generx’s effectiveness by measuring improved myocardial blood flow under stress, a key prognostic indicator that is associated with the regenerative process of new collateral vessel formation in and around the regions of ischemia. While walking time during ETT has been a traditional efficacy measure of anti-anginal drugs, it is based on a subjective assessment of chest pain (angina pectoris), does not directly measure improvements in cardiac blood flow, and can be affected by other variables.

Positive results from the prior Phase 2a clinical study (Grines et al., J Am Coll Cardiol 2003; 42:1339-47) showed that Generx improved myocardial blood flow in the ischemic region of the hearts of patients following a single intracoronary infusion as measured by the objective efficacy endpoint of SPECT imaging. The observed treatment effect for patients receiving Generx was similar in magnitude to that reported in the literature for patients undergoing angioplasty/stent or revascularization procedures with reversible perfusion defects of comparable size at one year following these procedures.

For more information, visit www.CardiumTHX.com

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Richfield Oil & Gas Co. (ROIL) Begins Trading on Qualified OTC Marketplace OTCQX


Richfield Oil & Gas today joins the cream of the crop on OTC Markets Group’s premier platform, the OTCQX®, where timely financial and reporting standards have skimmed off high-quality U.S. companies such as this Utah-based hydrocarbon developer, which has an extensive footprint of producing oil and gas assets in Kansas and Wyoming, as well as ancillary development assets in Oklahoma and Utah. OTCQX brings quality-control and a level of marketplace services formerly only available to companies and their investors via a traditional U.S. exchange.

OTCQX is a great venue for drawing interest and represents the highest financial standards and third-party sponsorship in the OTC space. This move is a firm commitment by Richfield to doubling-down on U.S. investor engagement metrics and is wholly in line with an established practice of maintaining consistent, superior-quality data and reporting, such that markets are able to make intelligent decisions on the company’s securities.

CEO of ROIL, Douglas C. Hewitt, Sr., affirmed the company’s dedication to ensuring that investors are able to do comprehensive analysis and be totally confident in the fact that they have a circumspect valuation, emphasizing how important it is to management that investors are able to make the best trades possible when it comes to ROIL. Hewitt conveyed a strong sense of understanding about how timely, accurate news and top-shelf data is the cement which bonds together company/shareholder relationships.

President and CEO of OTC Markets Group, R. Cromwell Coulson, stressed how crucial the philosophy of open, transparent, and connected financial marketplaces was in today’s environment, welcoming ROIL’s move to the top-tier of the OTC space. Coulson detailed how OTCQX is a prime way to show investors that the company is a cut above other OTC listings, adding that with a fully electronic marketplace which is also compliance-driven, you have a nexus of easy access and consistent reportage.

A solid dynamics move for ROIL to throw a spotlight on their growing portfolio of domestic hydrocarbon interests, having recently (Jan 9) snapped up a 100% WI in a 640-acre producing (Wasatch National Forest Well #16-15) mineral lease in the Graham Reservoir oil field, Uinta County, Wyoming.

For more information on Richfield Oil & Gas Company, please visit www.RichfieldOilAndGas.com

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BIOLASE, Inc. (BIOL) Appoints Two to Senior Management Team


BIOLASE is the world’s leading dental laser manufacturer and distributor. The company’s laser products incorporate about 290 patented and patent-pending technologies designed to have dentists perform procedures with less pain and faster recovery times. It also distributes and markets dental imaging equipment and other products that are focused on technologies that advance the practice of dentistry.

The company announced today two key appointments to its senior management team. Samir Chowdhury, Ph.D., has been appointed general manager, and Colleen Boswell has been appointed vice-president of regulatory affairs.

Dr. Chowdhury will primarily oversee the company’s new product development and engineering efforts as well as assisting in developing strategic business plans. These may include creating new lines of business, marketing more broadly current technologies, and establishing new revenue streams. Previously, Dr. Chowdhury was general manager and COO at Gamma Medical, where he managed the clinical, pre-clinical, and industrial/space imaging operations. Prior experience also include stints as senior principal research scientist at Siemens Molecular and Imaging and Phillips Medical where he worked in R&D of new products. Eight of these products were awarded patents globally.

Ms. Boswell is an executive with experience in quality and regulatory compliance in high growth medical device companies. She will oversee and execute regulatory compliance initiatives for the firm, including filings and interactions with regulators. Before joining BIOLASE, Boswell worked at Sybron Dental Specialties, a Danaher company. She also worked previously in the biological division of the Alpha Therapetic Corporation and began her career at the Edwards CVS division of Baxter Healthcare Corporation.
The management additions are expected to help BIOLASE continue its efforts to grow the company’s core dental product business. For further information about BIOLASE and its products, please visit the company’s Web site at www.biolase.com.

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Monday, January 28, 2013

Dejour Energy Inc. (DEJ) Secures 30-Year E&P Management/Finance Pro David Matheson


Dejour Energy, the domestic hydrocarbon developer with some 129k net acres in the Piceance and Uinta basins of Colorado and Utah, as well as another 8.5k net acres in the Peace River Arch area of British Columbia and Alberta, today reported tapping 30-year industry management and finance veteran David Matheson for the CFO position.

CEO and Co-Chairman of DEJ, Robert Hodgkinson, conveyed the enthusiasm of the entire Dejour team in welcoming Matheson, whose reputation within the oil and gas sector precedes him, to the company at what is a most “pivotal time” in its development. With production ramping up across the portfolio at DEJ, a seasoned pro like David will be instrumental in assembling the capital base needed to fully realize the potential of the company’s continuously expanding resource footprint.

Matheson brings an impressive track record in managerial and finance work to the DEJ team, having held numerous similar positions throughout the sector, like the CFO position over at Canadian hydrocarbon developer Equatorial Energy Ltd., where he excelled to the point that he became president of the company. The progression says it all about David’s stewardship, from its humble start up, through to a TSX listing and market cap exceeding $400M, finally eventuating in sale to fellow Canadian energy developer Resolute Energy.

Matheson also founded the successful private oil and gas firm Java Petroleum Corp., which saw heavily focused activity in the Western Canadian Sedimentary Basin that cuts through Alberta, BC, and Saskatchewan, acting also as President and CEO of that outfit. Again a successful over watch by Matheson which eventuated in a good sale, in that case to the TSX-listed Southern Pacific Resources Ltd.

The recent (Jan 2) securing of $6.5M in non-dilutive financial backing by a local, private, Denver-based drilling fund to help complete the first four wells on their 2.2k acre Kokopelli field development project in the Piceance, which has ideal structural positioning for Williams Fork/Mancos production, is a huge lead-in for Matheson and he clearly has his work cut out for him. Matheson will be straining at the reins to tackle the broad, emerging production front line DEJ has put together, with some learned strategies right out of the gate.

Management is banking on Matheson’s time-tested ability to produce results and eyes his extensive communication skills, as well as proficiencies for navigating the complex financial circuits of the industry, with great anticipation. Hodgkinson made particular note of how impressed he was by the “significant business successes” achieved in the past with Matheson and how much he looked forward to doing it again, this time across the spectrum of core projects currently in the company’s E&P hopper. Matheson is being tagged here not only for his solid track record but also a first-hand proven ability to innovate on the fly.

Hodgkinson also saluted outgoing CFO, Mathew Wong, whose dedicated service to the company was remarked as having helped bring DEJ to this momentous phase in its evolution, ever since its start up reactivation back in 2004. Matheson, who looks quite able to fill the CFO shoes amply, is a graduate of the University of British Columbia and was admitted into the Institutes of Chartered Accountants (BC/Canada/Northwest Territories) back in 1975.

For more information on Dejour Energy, visit www.Dejour.com

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American Shared Hospital Services (AMS) Receives Reimbursement Approval from Turkish Government


Today, American Shared Hospital Services, a leader in providing turnkey technology solutions for advanced radiosurgical and radiation therapy services, announced that its Gamma Knife Perfexion system (supplied by AMS through its EWRS Turkey subsidiary) has been approved by the government of Turkey for reimbursement under that country’s health insurance program when used in treatment at Florence Nightingale Hospital Group in Istanbul.

Treatment volume at Florence Nightingale Hospital Group is expected to accelerate now that this reimbursement policy has been established. More than 90 percent of Turkey’s 77 million residents are covered under the country’s health insurance program, making Turkey a country with significant growth potential for AMS.

American Shared Hospital Services is a provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services. The company is a global leader in providing Gamma Knife radiosurgery equipment, which is a noninvasive treatment for malignant and benign brain tumors, vascular malformations, and trigeminal neuralgia (facial pain). AMS additionally offers the latest IGRT and IMRT systems, as well as its own proprietary Operating Room for the 21st Century concept.

For more information, visit www.ashs.com

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TeleCommunications Systems, Inc. (TSYS) Finishes Phase 1 Implementation of Statewide Next Generation 9-1-1 Services Network for State of Iowa


TeleCommunication Systems, a leader in highly dependable and secure mobile communication technology worldwide, announced that the Next Generation 9-1-1 services network for the State of Iowa has entered phase one deployment. This milestone makes Iowa the first state to complete a comprehensive statewide deployment of a National Emergency Number Association (NENA) i3-compliant Next Generation 9-1-1 (NG 9-1-1) system. This cutting edge emergency services network provides an improvement for the public’s access to 9-1-1 by using TCS’s innovative technology and provides the foundation for people in Iowa to eventually transmit text, images, and video to public safety answering points (PSAPs).


Every one of the 119 PSAPs in Iowa are now interconnected within the NG9-1-1 system in accordance with the NENA i3 specifications, making the Iowa network the largest continuous NG9-1-1 network in the United States. All wireless 9-1-1 traffic from wireless telecommunications operators will be sent through the Iowa NG9-1-1 system. Once the communications enter the system, they are processed and routed to the appropriate PSAP. The implementation of the new system allows Iowa’s emergency services network to receive and process requests from legacy and new technologies, while maintaining full compliance with NENA i3 specifications. This deployment is the first phase of a five-year contract with the State of Iowa Homeland Security Emergency Management Division (HSEMD) for NG 9-1-1 systems and services.

TCS’ NG9-1-1 solution offers options to public safety providers that increase control over the system, bypass costly legacy architecture, and deploy the solution as systems, services, or a mix of the two within any existing IP network.

For more information on TCS’ NG9-1-1 solutions, visit http://www.telecomsys.com/NG9-1-1

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FalconStor Software, Inc. (FALC) Announces CFO Lou Petrucelly as Recipient of Long Island Business News 40 Under 40 Award


FalconStor Software, a market leader in disk-based data protection, recently announced that Louis J. Petrucelly has been selected as a recipient of the Long Island Business News 40 Under 40 Award for 2013. Petrucelly currently serves as FalconStor’s Chief Financial Officer, Vice President, and Treasurer. The award ceremony was held at a gala event on January 24th.

Marking the 15th anniversary of the annual 40 Under 40 Award ceremony, this program serves as a salute to 40 men and women who have achieved success in business before the age of 40. Having a proven track record of career success, recipients of the award are involved in mentioning others and promoting their profession and who give back to their communities.

“The honor accorded to Lou by this year’s 40 Under 40 Award program is well deserved, as it recognizes the Island’s best and brightest for their exceptional business accomplishments and community involvement,” commented Jim McNiel, president and CEO of FalconStor. “For more than five years, Lou has demonstrated his financial acumen and dedication while serving as a key member of the FalconStor finance team. Lou’s leadership and ongoing contributions to the company are appreciated by his colleagues and staff, and we all congratulate him for his success.”

“This award is an honor I share with an impressive group of Long Island business professionals I am pleased to count as my colleagues,” stated Petrucelly. “I would like to acknowledge the exceptional people who have helped me all along the way to achieve my personal and professional goals. My special thanks go to the entire FalconStor team, with whom I have been proud to serve during the most rewarding years of my career.”

Following his promotion to Vice President of Finance and appointment to treasurer and acting CFO in May 2012, Petrucelly, age 38, was named Chief Financial Officer in August 2012. Petrucelly initially joined FalconStor in 2007 as the company’s director of financial reporting. By 2008, Petrucelly had been promoted to Director of Finance, serving in this role until his promotion this year. Prior to joining FalconStor, Petrucelly worked for Granite Broadcasting Corporation as the corporate controller. He also held several senior management positions with PASSUR Aerospace, Inc., including Chief Financial Officer. Petrucelly began his career with Ernst & Young, LLP, and has served on the board of directors of the Lupus Alliance of America, Long Island/Queens Affiliate since 2008, and currently acts as a member of its finance committee. Petrucelly received his bachelor’s degree in accounting from the C.W. Post campus of Long Island University.

For more information on FalconStor, visit www.falconstor.com

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University General Health System, Inc. (UGHS) is “One to Watch”


University General Health System has put together a three-pronged strategy for capturing territory in a domestic healthcare market set to balloon over 34.5% by 2020 alone, with a platform consisting of hospital facilities, senior living communities, and industry-related support services like billing, coding, and customized software solutions for handling the healthcare revenue cycle. This extremely diverse approach, integrating many of the essential logistical facets typical of the sector, has helped UGHS create highly-localized regional health networks with profound impact in a given radius.

The company’s flagship healthcare facility is a gorgeous fusion of cutting-edge clinical care capability, highly-personalized care, and a business culture that is omnipresently aware of how environment impacts mood and recovery. It is a kind of boutique approach that blends luxury hotel environs and personnel attitudes with 24-7 emergency service capability in a general acute care setting. The physician-owned University General Hospital was founded back in 2005 and formed the cornerstone of UGHS’s business, something which has since grown to encompass the acquisition of many other healthcare facilities, as well as the senior care, and support segments.

University General Hospital is a 69-bed site proximal to the Texas Medical Center in Houston that features amenities like private rooms where meals are served on fine china and catered by the company’s own The Sybaris Group, LLC (acquired by UGHS in 2011), a premier hospitality service provider that handles everything from housekeeping to concierge, and event/conference planning. UGHS has made a series of key acquisitions since inception with a heavy emphasis on the Houston market, and today has several University General Hospital departments like the Robert Horry Center For Sports & Physical Rehabilitation, in addition to an imaging center, physical therapy center, and advanced wound care (hyperbaric) facility.

Provider-based Hospital Outpatient Departments (HOPDs), like the University General Hospital Hyperbaric Wound Care Center or the 3-bed Baytown Endoscopy Center (ambulatory surgery), are perfect examples of this standalone capacity and department approach for building acute care license-driven solutions. Beyond backend synergies like that achieved through the Sybaris acquisition, UGHS is grabbing considerable margin through improved billing, coding, and revenue cycle management via Autimis, which not only handles medical billing and coding with ease, but also develops the software in-house. Autimis is shattering expectations in the healthcare transaction space when it comes to ease of use and optimized workflows, with a host of software products engineered to handle everything from business analytics via a powerful dashboard app, to automated claim status, and total healthcare entity support via powerful engines like their proprietary Revenaid Practice Management platform.

With baby boomers retiring in droves, the market for senior living facilities is going to overheat and UGHS is in a prime position to capitalize mightily on this dynamic with upscale community living that brings 24-hour assistance to mid-acuity frail and elderly residents. Trinity Oaks of Pearland, an 80-unit senior living facility nestled in the heart of Pearland Parkway, just off the main strip in fast-growing Pearland, Texas, is a prime example of the kind of senior care we are talking about here. UGHS’s TrinityCare Senior Living segment is eager to expand beyond their current footprint of three such facilities. Currently the company offers Trinity Shores over in Port Lavaca, TX, in addition to their Trinity Hills of Knoxville facility in Tennessee, with projections of expansion into identified growth markets in the region, including Brazoria and Katy, TX, Crossville and Seymour, TN, and choice areas in Covington and Shreveport, Louisiana. The emphasis is on quality facilities, as is the case within the company’s hospital segment and TrinityCare facilities are typically associated with a local host church. UGHS is constantly striving to develop close-knit relationships with the Christian community and larger community as well in any given area, an approach which has won UGHS mounting favor and customer engagement dynamics.

Further expansion into the thriving Pearland market was announced recently (Dec 21, 2012) as UGHS moved to acquire 31 acres of prime real estate upon which the company intends to construct a multi-purpose facility with a 50-bed general acute care center, as well as a full-service 10-bed ER, and an 8-bed intensive care unit (in addition to ORs and other infrastructure). This new facility will be just 15 miles south of the company’s flagship hospital, and in addition to the 50k square foot office building set to be constructed on-site, UGHS intends to put in a 42-unit memory care facility that will help to expand an already strong position in Alzheimer’s care which the company has established.

The company’s broad-spectrum approach to growth in the sector, focusing on acquiring complementary assets ranging from real estate and senior living infrastructure, to hospitals and other acute care facilities, as well as backend/ancillary support offerings means that shareholders can benefit in a very low-risk fashion from the obvious future sector trend (something evident in UGHS’s consistent ability through 2012 to beat out EBITDA margins across the board compared to the competition). Healthcare as a percent of U.S. GDP is set to climb steadily higher over the next decade and the potential for innovations like the physician-centric health care networks UGHS is creating will end up crushing the sector dinosaurs easily with superior cost/quality metrics. Fully integrated, multi-specialty regional healthcare that really focuses on the client relationship while catering to physician’s needs, backed up by a strong foundation in top-of-the-line senior care communities, makes UGHS a strong candidate for dominating the antiquated models of its competitors.

Markets will be eager to get some hot feedback on this latest development and obtain other insights into UGHS after the company’s presentation at this year’s Noble Financial Capital Markets 9th Annual Equity Conference (Jan 22).

Interested parties can head over to University General’s website to learn more at www.UGHSystem.com

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The First Marblehead Corporation (FMD) Video Chart for Monday, January 28, 2013


FMD has consolidated in a flag pattern after a move from a bottom support around 65 cents. Volume increased on Friday as the stock price closed at a breakout point of the flag at 97 cents, putting it on radar for continuation this week.

To view the video chart, visit the following link: http://www.missionir.com/videos.html

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Use of Corporate Social Media Soars


Public companies and investor relations firms can no longer ignore the powerful advantages of integrating a social media strategy. According to Investis, 40 percent of FTSE 250 companies now have a dedicated corporate social media presence compared to just 14 percent a year earlier. At this rate of growth, companies will soon be in the minority if they continue to shun the power of social networking.

Investment decisions are increasingly influenced by the things being said on social media sites. According to a recent survey, 85% of financial services professionals under 50 are using social media. Not long ago, social networking was considered only a fad by many companies, but it is now clear this new form of communication is here to stay.

Social media offers incredible dynamics that set it apart as a leading and preferred means of communication by increasing transparency and enabling a dynamic communication strategy. As more investors, analysts, and financial journalists use social networks as a primary source of information, many will ask themselves why certain companies are holding back.

For more information on the growing use of social media relations and how public companies can enhance shareholder communication, visit http://MissionSMR.com.

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L&L Energy, Inc. (LLEN) Moving China Headquarters to Beijing


L&L Energy has a history of significantly enhancing the operations, output, and profitability of coal mines it acquires in China through the use of American coal technology. It is one of the handful of companies chosen by the Chinese government to consolidate its coal industry.

The company announced today that it will relocate its China headquarters to Beijing after the Chinese new year. L&L entered a lease to occupy about 4,400 square feet of Bejing’s “Coal Tower.” Originally built by the Ministry of Coal, the Coal Tower is now owned by the China Coal Association, a semi-government agency representing China’s coal industry.

L&L’s management believes the new location will enhance its ability to connect on policy and decision making on a ministry level. It also should help increase business cooperation with other tenants and nearby companies, including the leader in the industry Shenhua Group. A former senior executive with Shenhua and L&L director, Jingcai Yang, will initially lead the Beijing office to increase business and future sales.

The company already has established a strong operational foundation in the provinces of Yunnan and Guizhou. The move of its headquarters to Beijing should increase its exposure to new capital and customers that are headquartered nearby.

For additional information about L&L Energy, visit www.lnlinternational.com

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Friday, January 25, 2013

Power-One, Inc. (PWER) Two Inverter Product Lines Receive Certification to UL 1741 and IEEE 1547 Standards


Power-One, a prominent supplier of renewable energy and energy-efficient power conversion and power management solutions, announced today that it has received certification to UL 1741 and IEEE 1547 standards for its new ULTRA 780kW, 1.17MW, and 1.56MW central inverters and TRIO 20.0kW and 27.6kW commercial string inverters. Power-One’s ULTRA and TRIO products are currently being distributed commercially in Europe and will begin shipping in the United States in Q1 2013.

“We are pleased that our liquid-cooled ULTRA series of central inverters and the new TRIO string inverters designed for the U.S. commercial market have received certification to UL 1741, as this validates their safe operation for commercial and utility scale PV installations,” said Alex Levran, President, Renewable Energy Solutions Group, Power-One. “The ULTRA, with its game changing technology designed to drive down the levelized cost of energy, began shipping in the fourth quarter of 2012 and has commissioned sites in Italy, Germany, Greece and the U.K.”

“Our TRIO product family of inverters for the commercial market has been a great success in Europe, shipping nearly 1.3 GW in 2012, its first full year in the market,” continued Levran. “And, as the first 1000v string inverter in the U.S., it is set to redefine the commercial segment as we know it today.”

Power-One has worked to optimize energy harvesting, lower the total plant investment, and minimize maintenance in order to maximize the return on investment for PV commercial and utility plant owners. The company’s inverters maintain operation at the peak power point of the array through the use of the Power-One maximum power point tracking (MPPT) algorithm. The ULTRA and TRIO’s wide input voltage range delivers maximum energy harvesting through a broad range of module temperature and insolation levels. Additionally, both inverters have received NEMA 4x environmental ratings, making them the only products in their class with such a prestigious distinction.

To learn more about Power-One’s inverter products for the United States, please visit www.power-one.com/renewable-energy.

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José M. Gutiérrez Appointed to Denny’s Corp. (DENN) Board of Directors


Denny’s Corporation, the franchisor and operator of one of the largest full-service restaurant chains in America, announced that José M. Gutiérrez has been appointed to the company’s board of directors. Bringing with him nearly 25 years of experience in print and digital advertising, finance, and operations in the telecommunications industry, Gutiérrez has held senior executive positions at AT&T, including recently serving as president and CEO of AT&T Advertising Solutions.

Gutiérrez’s background includes significant financial, strategic planning, operational, and telecommunications industry skill; particularly, his online and mobile advertising experience is anticipated to help Denny’s further strengthen its efforts in mobile and social media and stay ahead of the explosion in technological advertising.

Currently, Gutiérrez serves as president of Wholesale Solutions at AT&T. He previously served as president and CEO of AT&T Advertising Solutions from 2010-2012, where he led the successful transition of the company’s Yellow Pages segment from print to digital advertising, prior to the divestiture of the business into a newly formed company, YP Holdings LLC. Gutiérrez has held various senior executive positions at AT&T, including president of Global Enterprise Solutions and president and CEO of AT&T Southwest (a.k.a. Southwestern Bell). Prior to joining AT&T, he worked as a licensed CPA and strategy consultant at KPMG. He additionally serves on the boards of the World Affairs Council of Dallas/Fort Worth, Dallas Museum of Art, Thompson Autism Foundation, Trulaske College of Business at the University of Missouri, and the AT&T Cotton Bowl.

Denny’s is the franchisor and operator of one of the largest full-service restaurant chains in America, based on number of units. As of Dec. 26, 2012, Denny’s had 1,688 franchised, licensed, and company-owned restaurants around the world with combined sales of $2.5 billion, including 1,590 restaurants in the United States and 98 restaurants in Canada, Costa Rica, Mexico, Honduras, Guam, Curaçao, Puerto Rico, Dominican Republic, and New Zealand.

For more information, visit www.ir.dennys.com

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Thursday, January 24, 2013

VistaGen Therapeutics, Inc. (VSTA) Featured in Seeking Alpha Article


A recent article published by Seeking Alpha, titled “Supreme Court Decision Is Bullish For Stem Cell Companies,” reviews the recent high court decision that allows medical universities and science foundations to receive federal funding for embryonic stem cell research. Now supported by the federal government, the stem cell industry is anticipated to be a $6.6 billion market by 2016, more than 50% greater than its present size.

To read the complete article, visit: http://seekingalpha.com/article/1120881

Peter Harengel, author of the article, provided an overview of the progress taking place in the industry as companies continue to move forward with their stem cell research. VistaGen Therapeutics, for instance, recently announced a significant advance in its development of LiverSafe 3D™, a human liver cell-based bioassay system designed to predict liver toxicity and drug metabolism before animal or human testing. As with its CardioSafe 3D™ product, this bioassay system was designed to be used with modern medicinal chemistry to generate safer, proprietary chemical variants (“drug rescue variants”) of once-promising drug candidates, as well as identify product failures earlier in the cost curve.

Companies active in stem cell research are now much more attractive for a variety of factors. The election in Washington, D.C. has brought clarity to the health care sector, overall. The major players know what to expect and can now move forward. The recent Supreme Court decision will now focus the attention of many on stem cell research as more federal funding will enter the sector. Also of significance is that the political uncertainty is gone regarding stem cell research.

2013 is poised to introduce a new flood of excitement in this up-and-coming health care market.

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To Go Brands Continues to Provide Support to Cardium Therapeutics, Inc. (CXM)


Cardium Therapeutics is a health sciences and regenerative medicine company focused on the acquisition and strategic development of innovative health products. As an important part of its overall strategy, the company has entered the health and wellness market through the acquisition of To Go Brands, a developer of easy-to-use nutraceuticals. To Go Brand products include energy boosters, probiotics, antioxidants, metabolism regulators, and various vitamin and mineral supplements, all in easy-to-use forms that make proper nutrition simple.

An example is Neo-ChillTM, a special dietary supplement that promotes relaxation without drowsiness. Neo-Chill helps both the body and mind to relax, but without dulling the senses or creating the sluggish feeling often found with other products. Neo-Chill contains Suntheanine®, a patented, proprietary L-theanine (an amino acid) also found in green tea. Clinical studies show that Suntheanine, in doses of between 50 mg and 200 mg, naturally stimulates alpha waves – specific brain activity which is associated with a relaxed but alert mental state. Given the known negative health effects of stress, Neo-Chill is designed for anyone dealing with the all too common pressures of work or home. It reduces stress and promotes overall relaxation and mental calmness.

In addition to marketing its many health products, To Go Brands provides general health information through social networking and at its own site. An example is their blog, where health-conscious viewers can see articles such as the following:

The Benefits Of Probiotics, Why Bacteria Can Be Good For You
Surprising Benefits Of Folic Acid
How To Better Achieve And Maintain Weight Loss
The Benefits Of Whey Protein Isolate Versus Concentrate
Omega 3 Fatty Acids Without Fish Oil

For additional information, visit www.CardiumTHX.com and www.ToGoBrands.com

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Novavax, Inc. (NVAX) Announces Completion of In-Process Review


Novavax announced that the U.S. Department of Health and Human Services, Biomedical Advanced Research and Development Authority (BARDA) completed an In-Process Review (IPR) of Novavax’ contract covering the company’s recombinant virus-like particle (VLP) vaccine candidates for pandemic and seasonal influenza. BARDA notified the company that based on the results of the IPR, the contract will be continued for both the seasonal and pandemic influenza programs.

Virus-like particles (VLPs) are self-assembling protein structures that resemble the external structure of viruses, but lack the live genetic material that causes viral replication and infection. VLPs can be designed quickly to match individual viral strains and be produced efficiently using portable recombinant cell-culture technology. Novavax’s VLP-based vaccine candidates are produced more rapidly than egg-based vaccines because of cell-culture technology platform combined with single-use bioprocessing technology employed strategically throughout the manufacturing process.

In March 2011, Novavax was awarded a contract valued at up to $179 million by BARDA for the advanced development of recombinant vaccines for the prevention of seasonal and pandemic influenza. The 3-year base period was valued at $97 million. In tandem, Novavax has been developing and testing recombinant virus-like particle (VLP) influenza vaccines to address BARDA’s commitment to advancing recombinant-based technology. The contract can be extended for an additional 24-month period at BARDA’s option, with $82 million in additional funding to build on the work Novavax accomplishes during the base period and to support manufacturing scale-up and licensure by the U.S. Food & Drug Administration (FDA).

Novavax is a clinical-stage biopharmaceutical company creating vaccines to address a broad range of infectious diseases. Using innovative recombinant nanoparticle technology, as well as new and efficient manufacturing approaches, the company produces vaccine candidates to combat diseases. Novavax is committed to using its technology platforms to create geographic-specific vaccine solutions. The company is involved in several international partnerships, including collaborations with Cadila Pharmaceuticals of India, LG Life Sciences of Korea, and PATH.

For additional information, visit www.novavax.com

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