Tuesday, April 30, 2013

Echelon Corp. (ELON) Announces Partnership with ITOCHU and Mitsui for Street Lighting Control System Pilots in Japan


Echelon, the world’s leading open standard energy control networking company, announced several leading Japanese cities are now piloting street lighting management systems based on technology from Echelon after witnessing the company’s successful demonstration of intelligent street lighting control in the Japanese technology city of Tsukuba in 2011. The piloted systems are configured on the open ISO/IEC 14908 standard and implemented using Echelon’s Power Line Communications (PLC) transceivers and segment controllers. ITOCHU Corporation, an Echelon partner, has installed the second phase in the city of Tsukuba. This project was accomplished in cooperation with Panasonic and Toshiba, major Japanese lighting device manufacturers.

As Echelon’s master distributor in Japan, ITOCHU also collaborated with a new market entrant, Mitsui & Company, for two pilot sites. Mitsui has installed the systems in the city of Higashi Matsushima, part of the earthquake damaged region of Tohoku, and at the campus of Hiroshima City University in the city of Hiroshima. The deployed ISO 14908 based solution supports a variety of luminaires ranging from LEDs from Toshiba and GE to Ceramic Metal Halide lights from GS Yuasa. Implementation of street light management systems further lower energy use and reduce the cost of operating the street light infrastructure.

The change-out of High Pressure Sodium (HPS) lamps to dimmable LEDs is lowering per lamp electricity consumption by more than 50% or nearly 120Kg of CO2 per year, and is expected to save approximately $240/year in places like Hiroshima, where rising Japanese prices now make it comparable to high cost Asia-Pacific locations like Australia and the Philippines. The use of the new technology allows for the setting of dimming schedules, based on weather and traffic patterns, and delivers 20% to 30% of the savings relative to just shifting from HPS to LED. The system also increases public safety by allowing all pilot lamps to be monitored from a central city location so that failures can be identified and responded to quickly.

“In addition to reducing energy costs and maintenance costs, the use of a standards-based control system allows the cities to manage life cycle procurement costs by providing them with a choice of luminaires, an expense that is often more than 80% of the cost of the project,” commented Varun Nagaraj , Senior Vice President at Echelon Corporation. “We are excited to be partnering with ITOCHU and Mitsui – two of Japan’s leading solution providers – and look forward to larger roll-outs across these cities over the next few years.”

For more information on Echelon Corporation, please visit www.echelon.com

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Frontier Communications Corp. (FTR) Unveils Buffalo named Frank


Yesterday it was announced that Frontier Communications has selected Francis Abraham Buffalo as the star of its newest ad campaign. An American Buffalo affectionately known as Frank beat out all others at auditions. The charismatic animal currently stands at 6 feet tall, measures 8 feet long, and weighs 2,000 pounds.

Cory Jones, Vice President of Marketing for Frontier, stated, “We wanted a spokesperson that could connect with customers and make them smile, and an iconic American Buffalo with a touch of attitude stole the show. We are confident that consumers will like Frank and enjoy his observations about life, technology and Frontier’s products and services. For example, our $19.99 broadband offer is an affordable, no-contract product with simple, clear terms. We wanted someone plain-spoken and truth-telling to talk about it and our other offerings. Frank fits the bill. He has no tolerance for surprises, bull or BS – the last defined in dictionary.com as `nonsense, lies or exaggeration’ – and we’re delighted he’s with Frontier.”
Frank will be showcased in Frontier Communication’s first all-new ad campaign. The campaign has excitingly been several years in the making. He will begin his debut by appearing in various promotions, including both digital and print media.

One of America’s largest corporations, Frontier Communications is apart of the FORTUNE 500 list, offering services that include broadband, voice, satellite video, and wireless Internet services.

To learn more, please visit www.frontier.com

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Cardium Therapeutics, Inc. (CXM) to Showcase Excellagen® in Poster Presentation at the 2013 Spring SAWC/WHS Meeting


Cardium Therapeutics, an asset-based health sciences and regenerative medicine company, is scheduled to present a poster demonstrating the clinical benefits of its lead commercial product, Excellagen®, at The Symposium on Advanced Wound Care and Wound Healing Society (SAWC/WHS) meeting to be held May 1-5, 2013, in Denver, Colorado.

Authored by Steven Smith, M.D., Mohs surgeon, of Wellesley, Mass, the presentation titled “Accelerated Granulation and Healing of Problematic Post-Surgical Wounds with Formulated Collagen Gel 2.6%” will be presented by Lois Chandler, Ph.D., Cardium’s vice president of Biologics Development.

As an advanced regenerative wound product, Excellagen is capable of promoting rapid granulation and complete healing in three difficult and complex post-surgical wounds, including Mohs surgery and wound dehiscence. The presentation highlights these capabilities and presents the case that Excellagen has eliminated the need for expensive secondary reconstruction and/or skilled nursing care.

The 2013 Spring SAWC/WHS meeting gives Cardium the opportunity to exhibit Excellagen’s capabilities to more than 2,000 attendees, including physicians, podiatrists, nurses, therapists, and researchers who specialize in wound management.

The poster presentation can be viewed at www.excellagen.com/meetings-and-publications.html.

For more information visit www.cardiumthx.com

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Digital Cinema Destinations Corp. (DCIN) Leverages Digital Content Distribution Technology to Redefine the Movie Theater


The movie theater industry, like the motion picture industry, is going through a technological revolution. People are well aware of the rapidly growing use of computer generated imagery to make impossible images possible, together with the use of 3D, advanced sound developments, and other technologies to draw the viewer into the action. These are all part of a transformation in the motion picture industry. What is less known, but no less important, is a transformation taking place in the movie theater industry, led by companies like Digital Cinema Destinations, a rapidly growing New Jersey based operator of theaters currently in 6 states.

Digital Cinema Destinations, also known as Digiplex Destinations, is leveraging the ongoing movement to digital content distribution as an opportunity to redefine the role of the local movie theater, from simply a place to watch movies to a much broader digital entertainment environment, offering live sports events, concerts, conferences, operas, auctions, fashion shows, and even videogames. By applying an aggressive acquisition-based growth strategy, the company acquires and transforms existing operations, introducing new ways to drive business during the week, attract wider audiences (capitalizing on social media and targeted marketing), and provide immersive digital programming.

Digital Cinema already operates 178 screens in California, Arizona, New Jersey, Connecticut, Ohio, and Pennsylvania, and has plans to continuously grow their national footprint. The company’s fiscal second quarter 2013 revenues recently came in at seven times that of the same quarter in fiscal 2012. In addition, Vista Partners recently announced initiation of coverage, targeting a price approximately 45% over current levels.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

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Gevo, Inc. (GEVO) Awarded 10th Patent in its Biocatalyst Portfolio


Gevo, a renewable chemicals and next-generation biofuels company, today reported that it has received a new patent from the U.S. Patent Office covering the company’s foundational methods for producing low-cost isobutanol at commercially relevant titer, productivity, and yields.

The ‘374 Patent protects the company’s strategy of converting existing ethanol plants into bio-refineries to make isobutanol, a naturally occurring four-carbon alcohol.

“This is a milestone achievement toward our goal of making commercial isobutanol a reality,” Brett Lund, Gevo’s executive vice president and general counsel stated in the press release. “This patent significantly strengthens Gevo’s intellectual property position and reinforces our unmatched ability to obtain dramatic improvements in commercially-viable isobutanol production. We will continue to take the steps necessary to protect and maintain the integrity of our industry-leading technology.”

This is the tenth U.S. patent granted to Gevo within its biocatalyst portfolio. Gevo’s comprehensive patent portfolio includes more than 450 patents and patent applications.

Gevo is slated to release its first-quarter financial results today after market close. Analysts expect the company to report a quarterly loss of $0.40 per share on revenues of $900,000.

For more information, visit www.gevo.com

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Chanticleer Holdings, Inc. (HOTR) Sees Hungary as Portal to Europe


Chanticleer Holdings, part owner of Hooters of America (HOA) and a growing developer of iconic Hooters restaurants internationally, has a growth strategy based upon expanding the Hooters brand in emerging markets around the world through partnerships and/or acquisitions.

One of Chanticleer’s current focal points is Europe, and the company has already opened its first European Hooters in Budapest, Hungary. Chanticleer acquired franchise rights in Hungary in 2012, partnering with Alex Hemingway and his team, forming Crown Restaurants, with the goal of operating Hooters franchises in Europe, using Budapest Hungary as an operational headquarters and with Alex Hemingway as Director of Chanticleer Europe.

Hungary, an excellent base for Europe, has rapidly transformed itself from a centralized economy to a free market economy. With a population of roughly 10 million, a high literacy rate, along with heavy tourism and active foreign investment, Hungary is a portal to the transition economies of Eastern Europe. It fits with Chanticleer’s overall criteria for location selection:

Strong local market dynamics and demographics
Attractive leasehold economics
Open territory or availability of experienced and well-capitalized restaurant operators

In particular, Alex Hemingway brings a highly successful track record in Central Europe’s quick-service-restaurant industry, including international executive management experience. He was President and Chief Executive of Central European Franchise Group from 1999-2005, owners and operators of the Pizza Hut and Kentucky Fried Chicken brands in Hungary, as well as three local national brands. Both brands had the highest customer feedback scores in the region for YUM! Restaurants International. He also became the CEO of Central Europe’s largest restaurant company, Orient Rt., with over 130 operating units. Between the two companies, he had responsibility for over 180 units and 5,000 people. In addition, he founded and served as Director of the Fast Food Association of Hungary.

For additional information on Chanticleer Holdings, visit www.ChanticleerHoldings.com

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ZBB Energy Corp. (ZBB) Ships ZBB EnerStore to Resort in French Polynesia


ZBB Energy designs, develops, and manufactures advanced energy storage, power electronic systems, and engineered custom and semi-custom products targeted at the growing global need for distributed renewable energy, energy efficiency, power quality, and grid modernization.

The company today announced it has shipped a previously reported order from Pacific Beachcomber to supply a 2,000 kilowatt ZBB EnerStore system, including 40 ZBB EnerStore modules. The order went to Pacific Beachcomber’s Brando Resort, a luxury eco-resort located in French Polynesia. Some of the revenue from the sale will be recognized in the company’s Q3/13, with the remainder recognized during Q1/14.

The EnerStore system will be a key component of the resort’s electrical system. Its electrical supply will include a mix of renewable energy sources, including an 896 kilowatt array of photovoltaic panels and generators that use sustainable biofuels made from locally sourced coconut oil. The resort will be fully self-sustaining and is expected to be the first LEED (Leadership in Energy and Environmental Design) platinum (the highest rating) certified destination in the world.

This largest island microgrid shipment to date for ZBB Energy demonstrates its leadership position in the microgrid market. ZBB Energy’s technology allows the resort and other customers to minimize the amount of fuel consumed by utilizing generators for back-up purposes only when stored photovoltaic energy is not sufficient enough to meet overnight demand.

For additional information about ZBB Energy and its technology, please visit www.zbbenergy.com

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Corinthian Colleges, Inc. (COCO) Welcomes Former Secretary of Defense to Board of Directors


Former U.S. Secretary of Defense and CIA Director, the Honorable Leon Panetta, is joining Corinthian Colleges’ Board of Directors. Secretary Panetta was unanimously appointed on April 27. Secretary Panetta previously served on the Corinthian Colleges Board of Directors from 2008 to 2009.

“We are pleased and honored to welcome Leon back to our Board,” remarked Jack D. Massimino, Corinthian’s Chairman and Chief Executive Officer. “He knows Corinthian and has seen first-hand our commitment to quality career education. During three decades of public service, Leon has demonstrated extraordinary intelligence, judgment and character. We are proud that Corinthian can once again call upon his experience and insight.”

Secretary Panetta, 74, a notable figure in Washington, D.C., served the U.S. government in various capacities for almost 40 years. During the Obama Administration, he was the U.S. Secretary of Defense from 2011 to 2013 and Director of the CIA from 2009 to 2011. He served under former president Bill Clinton as the White House Chief of Staff and Director of the Office of Management and Budget. From 1977 to 1993, Secretary Panetta was a member of the U.S. House of Representatives representing California’s 16th district, which included Monterey, San Benito, and parts of San Luis Obispo and Santa Cruz.

Secretary Panetta and his wife Sylvia founded and currently co-direct the Leon and Sylvia Panetta Institute for Public Policy at California State University, Monterey Bay. He is a Distinguished Scholar to the Chancellor of the CSU system, and as a member of the Board of Trustees and a Presidential Professor at Santa Clara University.

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Monday, April 29, 2013

Cardium Therapeutics, Inc. (CXM) Looks to Future with Three-Stage Growth Plan


Cardium Therapeutics is a San Diego based health sciences and regenerative medicine company that has carefully diversified itself with a strategy designed to provide short-term, mid-term, and long-term growth and revenue. In so doing, they have successfully positioned themselves in several markets, much like a rocket with multiple stages timed for continuous acceleration.

Immediate revenue is provided through Cardium’s To Go Brands subsidiary, acquired in 2012, which markets and sells a growing portfolio of over 25 healthy lifestyle products, including nutraceutical powder mixes and supplements designed for both convenience and health of active lifestyle consumers. Their product line contains 100% natural antioxidant-rich drink mixes with organic ingredients, in convenient stick packs, designed to pour directly into a water bottle, mix packages for home use, and capsule-based dietary supplements. It’s a big and fast growing market, projected by some to top $200 billion over the next several years, and should continue to provide Cardium with an important source of revenue to support their other developments.

Further down the timeline, but not too far, is Excellagen, Cardium’s FDA-cleared wound treatment gel that has already been proven to significantly aid healing for many types of wounds, including diabetic foot ulcers. The company is in the final commercialization stages for Excellagen, and has been awarded ISO certification to market and sell Excellagen in the U.S. The company has also advanced international registrations. The ease of use and effectiveness of this new treatment, together with the fact that it has broad application potential, bodes well for future revenue.

And finally there is Generx, an important DNA-based angiogenic growth factor therapeutic, designed to actively increase blood flow around the heart for the treatment of heart disease. The product is qualitatively different than traditional drugs for treating heart disease, drugs which only address the pain or future blockages. It is still under development, but Cardium has successfully initiated a phase 3 registration study, and has published important Generx findings in the peer-reviewed journal Human Gene Therapy Methods.

For additional information, visit www.CardiumTHX.com

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Jason Angelos of Accenture to Keynote at CallidusCloud (CALD) Connection’s Conference C3


Leading provider of hiring solutions, smart selling, and cloud software Callidus Software announced Friday that a managing director of Accenture Sales & Customer Services, Jason Angelos, will deliver a keynote address at the Aria Resort in Las Vegas, Nevada. The address will take place at CallidusCloud’s annual customer conference C3 2013, which is currently scheduled to run May 5-7, 2013.

A contributor to “Selling Through Someone Else: How to Use Agile Sales Networks and Partners to Sell More,” Angelos will discuss the training needed for developing a flexible sales staff and organization. Some of his focuses include optimizing individual sales performance, training, and overall execution using the cloud. C3 will also feature a remarkable industry-leading lineup of speakers, sponsors, and industry experts.

“C3 is the destination Sales and Marketing event of the year and the largest of its kind focusing on the real issues facing businesses in the new economy, and will see an unprecedented gathering of the industry’s top thought leaders and practitioners,” stated Rory Cameron, Senior Vice President, Corporate Development and Alliances, CallidusCloud. “We are pleased to team with Accenture to help our customers take advantage of cloud and mobile technology in order to maximize sales and marketing effectiveness.”

CallidusCloud Connection’s conference C3 is the premier destination for bringing together industry analysts, innovators, and leaders to learn how to transform organizations with the latest cloud, social and mobile technologies.

Callidus Software enables organizations to push performance and productivity across their business with its hiring, learning, marketing, and selling clouds. Small businesses to large enterprises across multiple industries and channels rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling.

For more information, visit www.calliduscloud.com

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Bridgeline Digital, Inc. (BLIN) Receives 15 Horizon Interactive Awards


Bridgeline Digital announced recently that the company had received fifteen 2013 Horizon Interactive Awards for outstanding development of interactive web applications and websites. This year’s 11th competition, with more than 1,000 entries from over 25 countries, evaluated categories ranging from online advertising to mobile applications.

Based in Burlington, MA, Bridgeline Digital is focused on helping online marketers realize the maximum potential of their online presence through improving websites, intranets, and online stores with Bridgeline’s iAPPS platform. iAPPS integrates Web Content Management, eCommerce, eMarketing, and Web Analytics; Bridgeline also provides end-to-end Digital Engagement solutions. Bridgeline has nine locations in the US and an Asia Pacific headquarters in Bangalore, India.

The company received awards for site development across a wide array of industries, such as Healthcare, Franchising, Financial Services, Pharmaceuticals, and Associations. Each of the winning websites was developed using iAPPS; the list of winning websites (from gold through bronze) included AARP International, Children’s Hospital Colorado Orthopedics, YMCA Retirement Fund, and American Psychiatric Association, among others.

Mike Sauce, Founder of the Horizon Interactive Awards, said, “The 2012 competition has, once again, raised the bar for future competitions. I can speak for the Judges by saying that we all were very impressed by the quality of the digital solutions by all of the entrants this year. There really seems to be a convergence of all forms of media providing rich user experiences with a renewed focus on sound marketing and design principles that clearly communicate a message. With fierce competition from all of the categories, this year’s winners should be proud to be among the best of the best from around the world.”

For more information, visit www.bridgelinedigital.com

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Lifevantage Corporation (LFVN) Video Chart for Monday, April 29, 2013


LFVN is sitting right on an area of support/resistance since pulling back from a climb early in 2013. This video takes a look at different ways of interpreting the chart with the main component being that it looks like a bigger move is imminent.

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

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Real Goods Solar, Inc. (RSOL) Provides Solar Power for Pennsylvania School


RGS Energy, the commercial and utility division of Real Goods Solar, announced that they will install 1.1 mw of solar power at Church Farm School in Exton, Pennsylvania, helping them save hundreds of thousands of dollars each year in electric costs.

The $3.2 million operation was paid in part by a $1.19 million grant from the Pennsylvania Department of Environmental Protection. Not only does this operation seek to lower the costs of energy at the school, but it also helps lower the school’s greenhouse emissions. The remainder of the cost is funded through a power purchase agreement (PPA) with Smart Energy Capital (SEC).

“Church Farm School’s solar installation sets a standard for other schools and businesses to follow,” says RGS Energy General Manager Tim Seamans. “Solar energy is a truly cost effective way to reduce operating costs while reducing environmental impact.”

The head of the school sees more than one benefit to the installation.

“Our students have a real life laboratory to explore and learn more about their energy future,” said Head of School, The Reverend Edmund K. Sherrill. “That we reduce our energy costs along the way is an added bonus since it will redirect dollars spent on energy to our school’s mission that provides such a great education at little to no cost.”

The photovoltaic solar system, comprised of over 3,500 solar panels, is expected to produce nearly 1.5 million kWh of electricity per year. The clean power generated from the ground mount system, installed on five acres of school land, will supply approximately 75% of the school’s electrical needs and provide Church Farm students and faculty an on-site source of renewable energy and exposure to best practices in sustainability.

For more information, visit www.RealGoodsSolar.com

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Merrimack Pharmaceuticals, Inc. (MACK) Finishes Patient Enrollment in Phase 2 Study of MM-121


Merrimack Pharmaceuticals is a biopharmaceutical company discovering, developing, and preparing to commercialize innovative drugs paired with companion diagnostics for the treatment of cancer. The company currently has six targeted therapeutic oncology candidates in clinical development.

The company announced today that the last patient has been enrolled in the second cohort of a randomized, three-cohort Phase II clinical trial of its MM-121 drug candidate in combination with erlotinib for the treatment of non-small cell lung cancer patients. MM-121 has been developed together with Sanofi since 2009 and is a fully human monoclonal antibody that targets ErbB3, a cell surface receptor implicated in tumor growth and survival.

This particular cohort – Group A – focuses on 133 patients with EGFR wild-type tumors and is part of the overall Phase II that focuses on three separate population of patients. This cohort was designed to see if MM-121 in combination with erlotinib is more effective than treatment with erlotinib alone. The patients in this group have the EGFR wild-type tumors with recurring or progressive disease following at least one chemotherapy-containing regimen and have not received prior EGFR tyrosine kinase inhibitor therapy. Results from this group are expected to be reported in the second half of 2013.

The second cohort – Group B – includes patients whose tumors contain an EGFR mutation and have not received prior EGFR tyrosine kinase inhibitor treatment. Enrollment for Group B is ongoing. The third cohort – Group C – includes patients that were previously treated with an EGFR tyrosine kinase inhibitor and progressed on that therapy. Results for this group were reported in April 2013.

For additional information about Merrimack Pharmaceuticals and its oncology drug candidates, including MM-121, please visit www.merrimackpharma.com

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India Globalization Capital, Inc. (IGC) Doubles-Down On Chinese Steel, Opens New Hub on Border with Mongolia to Source Supply


India Globalization Capital, which is diversified into related mining, materials, infrastructure, and logistics areas via its family of 100%-owned subsidiaries, reported good news today out of their HK Ironman unit (which owns 95% of Linxi HeFei Economic & Trade Co., Ltd., aka PRC Ironman) that runs an iron ore beneficiation plant on 0.85 square miles of hills outside Chifeng, with ore deposits in the neighborhood of 3M tons, as a new and key shipping hub has been established by the company on the Mongolia-China border.

CEO of the Bethesda, Maryland-based IGC, Ram Mukunda, looked back with pride on six strenuous months of planning, negotiations, and prep work culminating in today’s announcement and noted how the company was already putting their new limb to the test with a 300 ton shipment. Mukunda projected a rapid up-scaling of throughput after this test delivery is completed in the next week or so, with a leading target set between 8k and 12k tons per month, a considerable beefing-up of the company’s overall throughout capacity.

This new hub is part of IGC’s long-term strategic growth plan and will serve from an ideal location, the vital role of both a sourcing point for the company’s beneficiation plants and an output node for the many, many iron ore customers IGC has access to in China. A total portrait of this new capacity shows how the ideally-positioned hub can not only deliver a variety of grades of ore, but do so expeditiously and from sourcing points which were virtually nonexistent only a handful of years ago.

Looking back to around 2008, at the time when PRC Ironman was founded, there were almost no real sources of iron ore exports in Mongolia. The meteoric rise since then by IGC, driven by strong demand for iron ore, has mirrored the expansion of resource production capacity in Mongolia, with some 5.75M tons coming out of the country last year, up a whopping 61% over 2011 alone (according to top regional investment analysis firm Mongolia Asset Management).

Even now, the demand from Chinese steel producers for quality iron ore is immense and IGC is intent on capturing the premium profitability metrics here by continuing to open up Mongolia as a resource supplier. This shipping hub is a necessary piece of the puzzle for IGC’s long-term delivery and refining aspirations, investors will want to keep an eye on the company in the next few weeks for more news about the hub once the initial test shipment is finished.

To get a closer look at India Globalization Capital, visit www.IndiaGlobalCap.com

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Friday, April 26, 2013

FluoroPharma Medical, Inc. (FPMI) is “One to Watch”


FluoroPharma Medical, Inc. is a biopharmaceutical company focused on discovering and developing patented Positron Emission Tomography (PET) imaging products to improve patient management by evaluating cardiac disease at the cellular and molecular levels. The company is currently advancing four different imaging agents to fulfill multiple critical unmet medical needs while providing clinicians important tools for detecting and assessing pathology before critical manifestations of disease.

According to GAI, the market for molecular imaging agents currently exceeds $1.7 billion annually and promises rapid growth for the foreseeable future. With one in three patients dying because of heart disease, FluoroPharma’s cardiovascular program addresses the largest segment of the nuclear medicine market. In fact, every three seconds a U.S. patient is injected with a drug FluoroPharma’s products target, providing considerable opportunity for rapid growth and profitability.

Unlike traditional imaging modalities – MRI, CT, and Ultrasound – that reveal the anatomical abnormalities and cause for disease, PET provides insight into physiology and can detect disease non-invasively before anatomical manifestation is identified by offering visualization of biological processes at the molecular and cellular level. Featuring higher resolution scans with only a third of the radiation dose, as well as higher levels of reimbursement, PET has become the preferred imaging technology for a variety of diseases and disorders.

FluoroPharma’s comprehensive technology platform promises to help the medical community diagnose disease more accurately at the earliest stages, leading to more effective treatment and better patient outcomes. To date, the company has been issued patents related to its portfolio of imaging compounds in the United States, Europe, China, Japan, Canada, Australia, Finland, Portugal, Ireland, and Mexico. With a solid and experienced management team in place and the necessary resources to advance clinical development, FluoroPharma is well positioned to capitalize on its superior imaging technology.

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Velti Plc (VELT) & Bauer Media Group UK Announce Two-Year Exclusive Mobile Marketing Partnership


Velti, the premier provider of mobile marketing and advertising technology worldwide, and Bauer Media Group UK, owner of many of the most successful and influential radio in the United Kingdom, announced today that have entered into a two-year, exclusive mobile marketing partnership. The agreement between the two companies stipulates that the mobile interactivity, marketing, and promotions for Bauer’s 43 radio stations will be managed and maintained by Velti. This includes all mobile messaging for brands such as Magic 105.4, KISS, Clyde 1, Key103, Radio City, Wave105 and Kerrang.

This promising endeavor will support Bauer Media’s ongoing initiative to develop and grow its relationship with its audiences. Velti will focus on compliance and operational excellence while coordinating all of Bauer’s mobile messaging and interactivity. In addition, Velti will incur the development of new concepts designed to increase audience engagement and loyalty using data and customer relationship management (CRM) mechanics.

“Our aim is to develop closer relationships with our audience by providing mobile engagement opportunities and interactivity throughout our campaigns,” said Joanne Baldwin, Digital Commercial Director at Bauer Radio. “Our listeners expect the best from Bauer so we wanted to work with the best supplier in the market. Velti is a partner we can trust and rely upon to deliver these mobile marketing services while also guiding and advising us on how to best capitalize on technology advancements in the mobile and digital landscape.”

Rob Weisz, Vice President of Sales at Velti, said, “Velti has worked closely with Bauer to ensure a seamless implementation across the entire portfolio of mobile interactive services. After launching the existing interactive services, we are working with Bauer to optimise and develop elegant CRM and marketing mechanics using data generated from SMS interactivity, as well as our range of platforms and technologies. Bauer has great ambitions and is driven to push new and exciting initiatives. We look forward to helping Bauer and its portfolio of brands capitalise on emerging trends that can drive real consumer value.”

For further information, visit www.velti.com

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United Insurance Holdings Corp. (UIHC) Listed as One of the Top Workplaces in Tampa Bay


Property and casualty insurance holding company United Insurance Holdings was announced as one of Tampa Bay’s Top Workplaces, 2013 by the Tampa Bay Times. What makes the honor particularly favorable is that the employees nominate their employers through a survey covering several topics, as well as company practices and policies.

There were a 100 leading employers nominated by their employees in the Tampa Bay region. In order to qualify companies had to employ a minimum of 50 workers in the state of Florida. The Top Workplaces in Tampa Bay program was established by a collaboration between the Tampa Bay Times and WorkplaceDynamics. The Tampa Bay Times is Florida’s largest newspaper and has won nine Pulitzer Prizes. WorkplaceDynamics is one of the largest providers of workplace surveys in the United States.

Overall the companies were ranked in categories such as leadership, team training, compensation, flexibility, and diversity. The rankings were first published on TampaBay.com in the April 21st edition of the Tampa Bay Times.

Neil Brown, Times editor and vice president stated, “What’s unique about this report is that it explains how these Tampa Bay companies are creating engaged work forces and productive work environments, even in tough times.” He continued, “We give readers an inside look into these companies and they hear the stories directly from employees.”

For a complete list of the winners of The 2013 Top Workplaces in Tampa Bay, please visit www.tampabay.com/topworkplaces2013

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Ampio Pharmaceuticals, Inc. (AMPE) Announces Enrollment Completion for Run-In SPRING Study of Ampion in Osteoarthritis of the Knee


Development-stage biopharmaceutical company Ampio Pharmaceuticals announced it has completed patient enrollment for a dose-escalation run-in study to a Phase III pivotal trial evaluating Ampion for the treatment of moderate to severe osteoarthritis of the knee. It is anticipated that 12-week primary endpoint data will be available in the third quarter of 2013.

Ampion is being evaluated in the SPRING trial for its pain-reducing effect as a single intra-articular injection into the knee in 4 mL and 10 mL volumes, as compared with placebo at 12 weeks. More than the targeted 320 patients have been enrolled in the study, which is part of the U.S. development program for Ampion. The study was designed as a run-in to a Phase III pivotal trial, which the company will initiate as soon as the optimal volume is determined and the proposed pivotal trial is properly powered to meet its scientific objectives.

Ampio set very stringent site criteria to optimize the rate of enrollment in SPRING, and the company is pleased with the speed at which patient enrollment was completed. The company believes this trial can potentially show the inadequacies of current therapeutics in meeting the needs of osteoarthritis sufferers.

Ampion, the product being studied, is a non-steroidal anti-inflammatory biologic with the potential to be utilized in a wide variety of inflammatory conditions and autoimmune diseases. Ampion is protected by composition of matter, use, and synthetic form patents. Active ingredient aspartyl-alanyl diketopiperazine, or DA-DKP, is derived from two amino acids from human albumin and appears to have a significant role in the homeostasis of inflammation. The company has published various studies and articles about the anti-inflammatory activity of DA-DKP.

For more information, visit www.ampiopharma.com

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Curis, Inc. (CRIS) Receives Conditional Approval Recommendation for Erivedge from CHMP


Oncology-focused company Curis announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended conditional approval of Erivedge (vismodegib) for treating adult patients with symptomatic metastatic basal cell carcinoma, or locally advanced basal cell carcinoma that is not appropriate for surgery or radiotherapy. Receiving conditional approval would make Erivedge Europe’s first licensed treatment for patients with advanced basal cell carcinoma, which is a rare form of skin cancer that can be disfiguring, debilitating, and even fatal.

“We are extremely pleased that the CHMP has recommended the conditional approval of Erivedge in the EU and we hope that this important medicine will soon be available to patients in Europe,” said Curis CEO Dan Passeri. “We continue to be pleased by the strength of Roche’s global regulatory and commercialization efforts regarding Erivedge, which we anticipate will significantly broaden patient access to Erivedge globally. Erivedge is currently under review for approval by health authorities in several countries outside of Europe, and regulatory submissions are planned in many additional countries. We view Roche’s broad efforts to expand patient access to Erivedge as a testament to its commitment to this important, first-in-class molecule.”

Possessing the authority to approve medicines for use in the European Union, the European Commission generally delivers final decisions within three months of the CHMP recommendation. The final decision will apply to all 27 member states of the EU. A conditional approval from the European Commission would mean a $6 million milestone payment for Curis from Genentech, which is a member of the Roche Group. The Roche Group is responsible for the commercialization of Erivedge in the EU.

Based on quality, safety, and submitted efficacy data, the CHMP stated it considers there to be a favorable benefit-to-risk balance for Erivedge and, therefore, recommended the granting of marketing authorization, which is conditional and will require submission of additional data from ongoing studies. The CHMP grants conditional approval for medicinal products that fulfill an unmet medical need.

For more information, visit www.curis.com

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Thursday, April 25, 2013

Local Corp. (LOCM) Wins “Best Mobile App Award”


Leading online local media company Local Corporation announced its innovative Local.com mobile app for both Android™ and iOS® enabled devices won the 2013 Internet Advertising Competition, “Best Mobile App Award.”

Internet Advertising Competition Awards are awarded by the Web Marketing Association in order to recognize exceptional excellence in digital advertising. It also aims to recognize both the companies and individuals behind the best in Internet advertising.

Local Corporation’s remarkable mobile app was specifically designed for active consumers, giving them the ability to search for digital information while on the go. It is also one of the first local search apps to ever give consumers “smart” suggestions, regarding what the user may be searching for. Additional features of Local Corporation’s mobile app include the ability to search using location, key words, or voice recognition. The app even allows for one touch access to locate and contact businesses directly.

Carlos Caponera, Local Corporation vice president of consumer properties stated, “Local mobile search is expanding rapidly, so we’re especially honored to be recognized for our Local.com mobile app. This award is testament to our mobile app’s innovation, including its streamlined interface, relevant search results and broad feature set.”

Local Corporation currently connects over a million online and mobile consumers daily through a variety of innovative digital marketing products.

For more information, visit www.localcorporation.com

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Real Goods Solar, Inc. (RSOL) to Power 18 California Schools


RGS Energy, the commercial and utility division of Real Goods Solar, will provide 18 schools and facilities in California’s Stockton Unified School District Area with 5.1 megawatts (MW) of solar-based power that will bring clean energy to those buildings. The installations are expected to save the district over $600,000 in the first year, with those savings hoping to help the district in other important areas.

The agreement will allow the district to pay less for energy costs over the next 25 years, per the power purchase agreement with RGS Energy and Smart Energy Capital (SEC). The environmental benefits are not to be ignored, with the equivalent of 1,000 cars being removed from the road, due to the absence of carbon dioxide emissions from conventional lighting and power methods.

“Going solar provides an exceptional real-world learning opportunity by reducing energy costs to free up funds that can be used to improve educational facilities and launch new learning programs for students,” said SUSD Superintendent Dr. Steve Lowder. “We are proud to invest in renewable energy and set an example of environmental leadership.”

RGS Energy, which has operations centers in numerous states, including California, will be responsible for construction, maintenance and monitoring of the systems.

“We have successfully deployed solar energy systems at many schools and academic institutions and are always impressed by the great value proposition that solar brings to the educational sector in particular,” said Real Goods Solar CEO, Kam Mofid.

For more information, visit www.RealGoodsSolar.com

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Digital Cinema Destinations Corp. (DCIN) Gets $9 Price Target from Vista Partners; 47% Gain from Current Levels


Just before the opening bell, Vista Partners announced its initiation of coverage on Digital Cinema Destinations Corp. with a twelve-month price target of $9.00. At the close of yesterday’s trading session, the company’s stock traded at $6.12.

Ross Silver, Principal Analyst at Vista Partners, stated, “DCIN is dedicated to identifying, acquiring, and managing solid performing movie theaters via accretive transactions and operates them under the brand name, Digiplex Destinations. DCIN was formed in 2010 to take advantage of the digital disruption taking place within the industry as well as the growing consumer demand for alternative content and its ability to positively leverage fixed theater assets.”

“Management’s strategy for DCIN is to continue to acquire cash flow positive theaters within the nation’s top 100 markets and boost those theaters’ margins through both synergistic operational improvements as well as an increased use of alternative content,” Mr. Silver continued. “In the coming years, management has a goal of ultimately expanding to a total of 100 theaters and 1,000 screens in operation.”

The complete research report is available for download at www.vistapglobal.com

For more information on Digital Cinema Destinations, visit www.digiplexdest.com

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Oculus Innovative Sciences, Inc. (OCLS) Receives Regulatory Approvals for Three New Microcyn-Based Products in the Middle East


Global healthcare company Oculus Innovative Sciences has announced two new regulatory approvals in Kuwait, Iraq, and Dubai for three new Microcyn-based consumer products. The three products – all of which are targeted to be launched in fall 2013 – are Face Cool, which is a hydrogel for treating acne and various dermatoses; Baby Cool, which is a hydrogel for treating baby rash; and Lady Cool, which is a feminine hygiene wash.

Oculus is pleased to broaden its product portfolio to include consumer products in these key Middle East countries. The company’s original Microcyn-based advanced wound management products have received acclaim from healthcare institutions throughout the region – many of which have reported a substantial decline in healthcare costs as a result of reduced infections, antibiotics, and hospitalization days. The data indicating these cost savings was used to support the regulatory filings for these latest consumer products.

“We are looking forward to the commercialization of these new and unique products this coming fall through our Dubai-based Microsafe Care Management subsidiary,” said Dr. Walid Yousef, vice president of Joseph & Gionis, which is Oculus’ master distributor in the Middle East.

Occulus, a worldwide healthcare company, is engaged in designing, manufacturing, and marketing prescription and nonprescription products in more than 20 countries. Oculus’ products are used to treat patients in surgical/advanced wound management, dermatology, women’s health, and animal health to address unmet medical needs in these markets – simultaneously raising the bar in patient care and lowering overall healthcare costs. Headquartered in Petaluma, Calif., Oculus has manufacturing operations in the U.S. and Latin America.

For more information, visit www.oculusis.com

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Chanticleer Holdings, Inc. (HOTR) Announces Limited Edition Stock Certificate


In what is certainly one of the industry’s more innovative investor relations moves, Mike Pruitt, President and CEO of Chanticleer Holdings, a growing developer of iconic Hooters restaurants internationally and part owner of Hooters of America (HOA), has announced the release of a limited edition annual stock certificate commemorating the Annual Hooters® International Swimsuit Pageant.

The certificate honors and pictures the 2012 winner, Amanda Jemini, from the Hooters of Boca Raton, Florida. Investors can contact their broker to receive the limited edition certificate, but they should note that it will only be available until June 27th, 2013, when the new Miss Hooters International will be crowned at the 2013 pageant in Las Vegas.

Each year, the Pageant brings together Hooters Girls from around the world to represent their Hooters restaurant and hometown. During the Pageant, the girls compete for the grand prize of $50,000 and the crown to represent Hooters for a year as Miss Hooters International.

For additional information on Chanticleer Holdings, visit www.ChanticleerHoldings.com

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VistaGen Therapeutics, Inc. (VSTA) Turns a Billion Dollar Problem into a One-Of-A-Kind Opportunity


The strategy of VistaGen Therapeutics, a California based stem-cell technology company, is primed to drive rapid growth because of its unique structure. VistaGen is a developer of stem-cell based bioassay early-warning systems for determining possible toxicity of drug candidates. It provides a distinctive way of determining potential drug toxicity well before the time and expense involved in performing animal or human trials.

The history of the pharmaceutical industry is one littered with drug candidates that were developed, and sometimes even released to the public, only to discover later that there were heart or liver toxicity issues. These drugs were then often shelved, resulting in a massive loss of invested time and money for the pharmaceutical company involved. For drug companies around the world it’s a major problem. However, for VistaGen it represents a major opportunity.

VistaGen’s plan is to use their proprietary Human Clinical Trials in a Test Tube stem cell based platform, a novel bioassay system that provides toxicity testing right in the laboratory, to build a portfolio of drug rescue variants from once-promising but discontinued drug candidates. Considering the fact that development costs for a new drug can easily exceed $1 billion, VistaGen sees these shelved drugs as a veritable diamond mine which it now has the means to tap. It’s like having someone run a 20-mile marathon for you, and then letting you step in near the end to cross the finish line.

Specifically, VistaGen believes each lead drug rescue variant will have the potential to be a viable new drug candidate in which VistaGen can have significant economic participation rights, such as up-front and development milestone payments and royalties on commercial sales. Its valuable technology also sets the company up as a potential takeover target.

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Wednesday, April 24, 2013

ChinaNet Online Holdings, Inc. (CNET) Subsidiary Signs Agreement with Mendal Textile to Expand Franchise Presence


Leading provider of offline-to-offline sales channel expansion services, ChinaNet Online Holdings announced today that its subsidiary, Liansuo.com, has signed an agreement with Mendale Textile Limited to help expand its franchise throughout China and internationally. Given ChinaNet’s presence throughout the People’s Republic of China, the pairing will be beneficial to both companies as they grow their presence within and outside of the province.

Founded in 1956, Mendale is a leading textile manufacturer that focuses on bedding and upholstered furniture. Mendale has 852 stores and 810 counters across China, with stores in Beijing, Shanghai, Guangzhou, and other cities. Sales numbers in 2012 were reported to be approximately $170 million in revenue.

ChinaNet’s COO, Mr. George Chu, remarked, “We are excited about working with a growing firm such as Mendale. Mendale has successfully expanded its owned and operated stores, as well as its franchise stores, across several provinces in China. Liansuo.com will provide online advertising and marketing to help Mendale further increase its brand recognition among consumers and entrepreneurs.”

For more information, visit www.chinanet-online.com

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MicroVision, Inc. (MVIS) Adds New Chief Financial Officer and Vice President of Marketing and Business Development


Innovative leader MicroVision, creator of ultra-miniature projection display technology, has formally announced two additions to its team. Stephen P. Holt has been named Chief Financial Officer and Michael J. Franzi has been appointed as Vice President of Marketing and Business Development.

With over 20 years of operations and financial management experience, Holt has worked with both public and private companies across multiple industries. Holt previously served as Chief Financial Officer at PixelOptics where he helped bring to market the company’s first electronic focusing eyewear product. Holt has raised capital, negotiated strategic partner agreements, as well as implemented procedures that established infrastructure supportive of rapid growth. He is also set to oversee MicroVision’s goals to speed growth initiatives and optimize overall profitability.

With over 30 years of leadership in business development and marketing, Franzi has extensive experience in licensing. Franzi previously served as vice president and general manager of the Sonic Focus product line at Synopsys Inc. Responsible for business development, Franzi oversaw product marketing and applications support for the licensing of global intellectual property and technology. Prior to his role with Synopsys Inc., Franzi sat as vice president of global licensing and business development for SRS Labs, Inc. He is set to focus on extending MicroVision’s market presence through the strategic execution of MicroVision’s go-to-market activities for PicoP(R) display technology.

“We are excited to welcome Steve and Michael to MicroVision. These two seasoned executives bring valuable expertise to our team that aligns well with our ingredient brand licensing business model and culture,” commented Alexander Tokman, president and CEO of MicroVision. “Our leadership team’s expertise and innovative ways to drive improvements in execution and profitability will be invaluable in helping to support our plans for growth.”

Holt and Franzi join a strong team of executives at MicroVision, Inc. With almost two decades of research under its belt, MicroVision has become an independently recognized leader in the development of intellectual property. MicroVision, Inc. is based in Redmond, Wash.

For more information, please visit www.microvision.com

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BPZ Resources, Inc. (BPZ) Video Chart for Wednesday, April 24, 2013


BPZ has been stuck in a wide channel ranging from $2 up to about $3.30 for nearly one year. The chart is back down on the support and starting to make a small climb as the indicators point towards a shift in trend and momentum.

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

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American Spectrum Realty, Inc. (AQQ) Awarded Large Self-Storage Property Management Portfolio


American Spectrum Realty, a real estate investment, management, and leasing company headquartered in Houston, Texas, announced recently that American Spectrum Self-Storage management, LLC, a subsidiary of the company, has been named the property management company of 19 self-storage properties.

These properties will now be marketed under the trademark name 1st American Storage.

Consisting of 19 self-storage properties, the new self-storage management portfolio totals over 1.3 million square feet and 11,000 units across seven states. With the addition of this assignment, the company’s self-storage management portfolio consists of 42 self-storage properties totaling 2.9 million square feet. Of those, 66% reside in Texas, making American Spectrum one of the largest self-storage management companies in Houston, Texas. The company’s current infrastructure is such that the additional properties will not significantly increase G&A expenses, allowing a large portion of the new management fees to contribute directly to net income.

“We feel that we are uniquely suited to serve the needs of this self-storage portfolio. Our specific experience managing similar properties and the size of our portfolio – specifically in Texas – is a natural fit for a seamless transition,” said CEO William Carden. “We are honored to be awarded this management assignment and look forward to implementing some positive changes to achieve the same success we’ve experienced with our current storage portfolio.”

In January 2010, American Spectrum assumed the property management of a similar self-storage portfolio. A detailed evaluation of each property revealed apparent operational and financial struggles. American Spectrum was able to lower operating costs, increase occupancy, and dramatically improve net operating income, despite a down economy, through extensive staff training, streamlined operations, and aggressive marketing. The portfolio saw a 28% increase in occupancy, a 13% growth in revenue, and a 22% improvement in NOI over a two year period. As such, American Spectrum saw a significant increase to its portfolio value during this time period and was able to restore distributions to the owners.

With a proven track record of success, American Spectrum has delivered above market results to clients year after year. American Spectrum’s vast experience and market insight provides a strategic, proactive, long term solution to investment and operational challenges.

For more information on American Spectrum Realty, Inc., visit www.1stAmericanStorage.com

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EarthLink, Inc. (ELKN) Opens New Data Center in Texas


EarthLink yesterday announced the opening of its newest data center at 2323 Bryan Street in Dallas, as a part of the company’s nationwide IT services and data center network expansion.

A leading IT services and communications provider, Atlanta-based EarthLink has also opened a new sales office in the Dallas area, seeking to expand their employee base and fulfill the business demand for its highly secure, comprehensive IT solutions.

“Dallas is a booming business market, and an important communications hub and distribution point for IP traffic. Opening a data center here is an important step in our motion to create a regionally-diverse, expanded IT solutions footprint to support the growing and evolving needs of companies as they seek to virtualize their businesses,” said Michael D. Toplisek, Executive Vice President of Sales and Marketing for EarthLink.

One of the first EarthLink customers installed in the Dallas data center is Mexico City-based Payrolling, a leader in payroll and human resources consulting services.

“EarthLink has always provided us with first-class service, and our partnership has played a fundamental part in our growth and ability to stay a step ahead with technology,” said Marcelo Ahuerma, Payrolling IT and Implementation Manager.

In addition to Dallas, EarthLink looks to geographically diverse their data centers, with plans to open three more data centers in Chicago, Miami, and San Jose in the coming months.

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Tuesday, April 23, 2013

Digital Cinema Destinations Corp. (DCIN) is “One to Watch”


Digital Cinema Destinations, also known as Digiplex Destinations, is redefining what it means to go to a movie theater. Currently operating 18 cinemas and 178 screens in AZ, CA, CT, NJ, OH, and PA, the company is focused on transforming movie theaters into interactive entertainment centers. Digiplex’s customers enjoy live sports events, concerts, conferences, operas, videogames, auctions, fashion shows, and the very best major motion pictures.

Digiplex combines the full promise of digital technology with dynamic content that far transcends traditional movies to create downstream ancillary revenue opportunities. Going beyond the passive theatergoing business model, the company allows its customers to actively engage in live and lively events for uniquely satisfying experiences. The appeal and applications are as unlimited as the number of these events held worldwide.

Digiplex’s fiscal 2013 Q2 revenues were up more than seven-fold compared to the prior year. The acquisition-based growth strategy employed by management has enabled Digiplex’s rapid expansion in leading markets around the country. Each acquired facility (digitally transformed) represents significant incremental value to Digiplex’s operating base, adding accretive revenue, EBITDA, and free cash flow generation.

The movie theater business is undergoing a paradigm shift and Digiplex is well positioned to capitalize on the burgeoning opportunities. Introducing new ways to drive business during the week, attract wider audiences (capitalizing on social media and targeted marketing), and provide immersive digital programming, the company has proven its ability to increase revenue streams of existing facilities while continuously growing its national footprint.

Key Investment Highlights

Company Operates in Stable Industry with Consistent Pricing Power
Ideal Environment for Aggressive Acquisition Strategy Employed
Progressive Business Model Enables Multiple New Revenue Streams
Rapidly Growing Company Well Positioned to Achieve Further Success

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Quantum Fuel Systems (QTWW) Receives Recommendation from California Energy Commission for Advanced Natural Gas Fuel System and Engine Development


Quantum Fuel Systems Technologies Worldwide, a leader in natural gas storage systems, integration, and vehicle system technologies, announced today that its proposal in response to the Program Opportunity Notice entitled “Advanced Natural Gas Engine Research and Development for Class 3 through Class 7 Applications” has received a notification of recommendation for a $1 million grant award from the California Energy Commission’s (CEC) Public Interest Energy Research Program. In addition, Southern California Gas has also dedicated supplementary funding to assist the project in meeting its technical benchmarks.

Specifically, the grant will fund the development and validation of a multi-port fuel injected natural-gas fuel system and engine with cutting edge controls that can be fabricated at a low price point, for use in Class 3 to Class 7 fleet applications such as buses, medium-duty trucks, and port freight-handling vehicles. Power Solutions International, Inc. (PSI) will be partnering with Quantum on this forward thinking project. PSI is a prominent cleantech engine manufacturer. Quantum will also partner with technology and strategy consultancy, Ricardo, and the University of California, Riverside. PSI’s new 8.8-liter engine will serve as the base engine for the project, which is targeting a 20% improvement in fuel economy, as well as a 16% gain in power density for the natural gas version. Achieving these goals will serve to meet an urgent market demand for advanced natural gas options for medium duty applications.

“We are excited and honored to have been selected by the California Energy Commission and to be working with PSI and Ricardo, proven leaders in their respective fields,” said Brian Olson , CEO and President of Quantum. “We are pleased to leverage our decades of experience in developing natural gas fuel systems and fill a need in the industry that is in short supply of natural gas engines for the high growth medium duty market segment.”

“We thank CEC for funding the development of clean-energy answers to America’s transportation issues,” said Gary Winemaster, CEO of PSI. “This project addresses the number one market barrier for natural-gas vehicles—the high price differential of natural-gas engines, by offering fleet owners a lighter, more efficient 8-liter class option at a lower cost than anything commercially available today.”

For further information, please visit www.qtww.com

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Omeros Corp. (OMER) Announces Presentation of Additional OMS302 Clinical Data at the Annual ASCRS and ASOA Symposium and Congress


Friday, clinical-stage biopharmaceutical company Omeros announced it will present additional data from recent clinical trials of OMS302, its ophthalmology project, at the Annual American Society of Cataract and Refractive Surgery and American Society of Ophthalmic Administrators Symposium Congress, taking place April 19-23 in San Francisco.

The company’s podium presentation, “Effect of an Anti-Inflammatory-Mydriatic Agent on the Incidence of Intraoperative Miosis During IOL Replacement Surgery,” will summarize key analyses of Phase 2 and Phase 3 clinical data assessing OMS302’s ability to reduce the incidence of miosis (pupil constricting) during intraoperative lens replacement surgery. These analyses will be included in both the company’s U.S. and European marketing applications for OMS302. The data will be presented by Omeros Vice President of Clinical Development and Chief Medical Officer Steve Whitaker, M.D. on April 21 at 3:27 p.m. PDT in the Intraocular Surgery/Medications Session.

Being developed for use during intraocular lens replacement (ILR), including cataract surgery and refractive lens exchange, OMS302 is a proprietary combination of the mydriatic (pupil dilating) agent phenylephrine and the anti-inflammatory agent ketorolac. OMS302 is added to standard irrigation solution used in ILR procedures and delivered within the eye to maintain intraoperative mydriasis (pupil dilation), to prevent surgically induced miosis (pupil constriction) and to reduce postoperative pain and irritation. Maintaining mydriasis is critical to the safety and surgical ease of the procedure. Intraoperative pupil constriction increases injury risk to intraocular structures and can greatly prolong surgical time.

Recently, Omeros completed its successful OMS302 Phase 3 clinical program and plans to submit a New Drug Application to the FDA this quarter, as well as a Marketing Authorization Application to the European Medicines Agency in mid-2013.

For more information, visit www.omeros.com

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Assaf Katan Appointed Acting CEO at Alvarion Ltd. (ALVR)


Yesterday, optimized broadband wireless solutions provider Alvarion announced that Assaf Katan has been appointed as Acting Chief Executive Officer, effective immediately.

“I am honored by the trust that the board of directors has placed in me. While I recognize the challenges that Alvarion is facing, I believe that the current turnaround plan we are executing has put Alvarion back on a growth trajectory and we are already seeing the first fruits of these efforts. We remain committed to the traditional vertical markets we have excelled in such as security, smart cities and WISPs, as well as expanding our presence in the carrier Wi-Fi market,” said Mr. Katan. “I look forward to closely working with the board of directors and especially Alvarion’s management team on successfully completing this turnaround.”

Mr. Katan has been with Alvarion since 2010, first as part of the corporate development team, then transitioning to Corporate Vice President, Strategy & Business Development. Mr. Katan has been involved in the company’s major strategic initiatives, including the acquisition of Wavion Ltd. in November 2011. This move expanded Alvarion’s technology portfolio to include carrier Wi-Fi; the turnaround plan, launched in mid-2012, included a comprehensive review of Alvarion’s sales and marketing efforts and a decision to focus the business on vertical and carrier-grade Wi-Fi markets.

Prior to Alvarion, Mr. Katan served as Vice President, Marketing and Business Development at Media Layers, a privately held company engaged in the mobile advertising space. He also held various marketing and business development positions at Comverse, where he aided in initiating and leading the company’s entry into the mobile content domain. Mr. Katan was also a Team Leader at Shaldor Strategic Consulting, a leading management consulting firm in Israel. He holds a Bachelor’s Degree in Psychology and Business Administration from the University of Tel Aviv, Israel.

Amnon Yacoby, Alvarion’s Chairman of the Board, remarked, “We are pleased that Assaf accepted the Board’s request to lead Alvarion, as we believe he is the right person for the job at this time. Assaf brings to the role extensive industry experience, and as part of the management team, he knows the company, its corporate culture and the challenges it faces very well. Assaf has been intimately involved with formulating and executing the company’s turnaround plan over the past year. We are confident that under his leadership, the company will continue with the execution of the turnaround plan, focusing attention and resources on the company’s core target markets — vertical and Wi-Fi markets.”

For more information, visit www.alvarion.com

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FalconStor Software, Inc. (FALC) Appoints Robert Zecha as Executive Vice President and Chief Product Officer


A market leader in disk-based data protection, FalconStor Software proclaimed that Robert Zecha is to join its team as executive vice president and chief product officer. Zecha will oversee program management, product management, product development, and quality assurance.

Zecha will execute product strategy, as well as oversee FalconStor’s suite of data protection products. With extensive engineering and business management experience, Zecha will drive new solutions to resolve growing industry data protection issues.

President and CEO of FalconStor, Jim McNiel stated, “The new position of chief product officer demonstrates our commitment to designing and bringing to market original solutions that solve today’s complex data protection challenges.” McNiel continued, “with his entrepreneurial spirit, executive business leadership and a proven ability to execute, Rob will further our mission to develop innovative technology and promote new best practices that will ensure FalconStor’s position as the industry’s most trusted data protection partner.”

Previously Zecha held the role of vice president of engineering and operations for Altior. He has also held the positions of vice president of business development, engineering, and marketing at SMSC and vice president of engineering as founder of Afide. Additionally Zecha founded and led NetVision Corporation to a successful acquisition by Network Peripherals. Robert Zecha is currently a member of the Institute of Electrical and Electronics Engineers.

“Today’s storage and data protection market is undergoing a major shift as legacy solutions prove inadequate in the face of unabated data growth, broad adoption of virtualization, cloud-based services and Big Data,” comments Zecha. “In addition, recent events have turned a spotlight on the need for continuous business operations and automated disaster recovery solutions that will eliminate costly downtime. Organizations need to migrate to new ways of managing and protecting critical business information and IT services – and FalconStor is uniquely qualified to meet that need and take advantage of a huge market opportunity.”

For more information, please visit www.falconstor.com

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ChinaCache International Holdings Ltd. (CCIH) Begins Partnership with China Tietong


On April 22, ChinaCache International Holdings announced that it has established a strategic partnership with China Tietong Telecommunications Corporation, which is a wholly-owned subsidiary of China Mobile Communications Corporation. The partnership will see the companies developing a content delivery network in China for Tietong.

ChinaCache is focused on providing content for telecom carriers, major non-carriers, and local Internet service providers, with ChinaCache working as a carrier-neutral service provider. State-owned telecommunications operator China Tietong provides xDSL, xPON, and fixed-line telephone services with their nationwide backbone network, and is the third largest fixed-line Internet service provider in China. Tietong was bought by China Mobile Communications Corporation and became its wholly-owned subsidiary in 2008.

The two companies will combine resources to produce a content delivery network, with ChinaCache supplying technical support, customer care, marketing, and professional services support. China Tietong will in turn deploy servers and other hardware to build the content delivery network infrastructure while operating the network with the assistance of ChinaCache.

Song Wang, CEO of ChinaCache, said, “We are delighted to partner with China Tietong on this exciting initiative, which we believe is the first of its kind in the industry. Under this agreement, we will embed our leading CDN technologies into China Tietong’s nationwide network to help improve end-user experience. We are pleased to be able to contribute our substantial experience and industry-leading technologies and we look forward to potentially extending international expansion opportunities through this important partnership with China Tietong. We will continue to seek various types of strategic partnerships with carriers that benefit both parties, as well as millions of Internet users.”

For more information, visit www.chinacache.com

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Chanticleer Holdings, Inc. (HOTR) Looks to Brazil


Chanticleer Holdings, part owner of Hooters of America (HOA), the operator and franchisor of the iconic Hooters restaurants throughout the U.S. and internationally, has rights to develop and operate Hooters restaurants in several countries around the world. In addition to operations in Europe, South Africa, and Australia, Chanticleer also has franchise rights to develop parts of Brazil. Brazil, South America’s biggest economy, represents the newest opportunity.

It surprises some to find out that Brazil’s economy is right up there with the UK’s and France, and is currently listed as the world’s seventh biggest economy. Due partly to the growth of Asia, with a corresponding demand for Brazilian iron and agricultural commodities, the Brazilian middle class has swelled, with millions of Brazilians rising from what had been a massive underclass. Governmental actions to reduce taxes and cut interest rates have also helped spur spending and growth, and unemployment is now at a 10-year low. Although growth rates have leveled off to more sustainable levels than seen during the earlier boom, Brazil is clearly one of the world’s emerging big players, with a major developing consumer base of nearly 200 million. Notably, the country will also be hosting the 2014 World Cup and the 2016 Summer Olympics.

For Chanticleer, this growing foundation of consumer wealth represents a great opportunity for exploring opportunities to establish a foothold with Hooters. It fits the company’s territory selection criteria, seeking locations with strong local market dynamics and compelling demographics, such as Rio de Janeiro. The strategy is to partner with highly experienced and well capitalized restaurant operators in the local international market. Worldwide, Chanticleer believes it can grow to have more than 75 Hooters locations, independent of the company’s interest in HOA with its 412 restaurants in 28 countries.

For additional information on Chanticleer Holdings, visit www.ChanticleerHoldings.com

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Monday, April 22, 2013

Mark D. Weber Named Supreme Industries, Inc. (STS) President and CEO

Supreme Industries, a leading vehicle manufacturer, including truck bodies, buses, armored vehicles, and specialty vehicles, has chosen Mark D. Weber as the new President and Chief Executive Officer, effective May 6, 2013.


Mr. Weber, 55, has served since 1996 as an executive at Federal Signal Corporation (NYSE: FSS), a global manufacturer of environmental and safety solutions for municipal, governmental, and industrial customers. Since 2003, Mr. Weber served as the Group President responsible for five divisions with revenues in excess of $500 million. During his tenure at Federal Signal, he was instrumental in deploying lean enterprise and ISO quality systems, restructuring and divesture of non-core assets, and aggressive revenue expansion in high-growth segments.

“Mark brings a market-based strategic perspective, high level of customer focus, and a strong commitment to talent development. He has a proven track record in developing market-leading brands, which is built on a foundation of more than 30 years’ experience in manufacturing,” commented Herbert Gardner, Supreme’s Chairman of the Board. “We believe that Mark will be a great complement to our executive leadership team and should ensure a continuation of the excellent progress the Company is making.”

For more information, visit www.supremeind.com

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Mark D. Weber Named Supreme Industries, Inc. (STS) President and CEO


Supreme Industries, a leading vehicle manufacturer, including truck bodies, buses, armored vehicles, and specialty vehicles, has chosen Mark D. Weber as the new President and Chief Executive Officer, effective May 6, 2013.

Mr. Weber, 55, has served since 1996 as an executive at Federal Signal Corporation (NYSE: FSS), a global manufacturer of environmental and safety solutions for municipal, governmental, and industrial customers. Since 2003, Mr. Weber served as the Group President responsible for five divisions with revenues in excess of $500 million. During his tenure at Federal Signal, he was instrumental in deploying lean enterprise and ISO quality systems, restructuring and divesture of non-core assets, and aggressive revenue expansion in high-growth segments.

“Mark brings a market-based strategic perspective, high level of customer focus, and a strong commitment to talent development. He has a proven track record in developing market-leading brands, which is built on a foundation of more than 30 years’ experience in manufacturing,” commented Herbert Gardner, Supreme’s Chairman of the Board. “We believe that Mark will be a great complement to our executive leadership team and should ensure a continuation of the excellent progress the Company is making.”

For more information, visit www.supremeind.com

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