White Mountain Titanium Corp. (WMTM) Appoints Antonio Luraschi as Project Manager

White Mountain Titanium Corp. recently announced the appointment of Dr. Antonio Luraschi to the position of Project Manager. This appointment would be effective as of August 1, 2011. In this position, Luraschi will be responsible for overseeing the disciplines necessary to take the project to the final feasibility stage, and will report to the president of White Mountain.

White Mountain Titanium holds minion concessions on the Cerro Blanco property in northern Chile, with the prime objective of advancing the 8,225 hectare project to a final engineering feasibility. White Mountain also aims to secure off-take contracts for the planned rutile concentrate output, intending to sell the output to titanium metal and pigment producers.

Luraschi is an accomplished metallurgist and chemical engineer, with degrees from the University of Concepcion in Chile as well as M.I.T. Luraschi has been employed by AMEC International as a metallurgical consulting manager, as well as Chilean engineering firm CADE-IDEPE. He has also contributed to mining projects for Anglo American, Codelco and Xstrata. Luraschi has developed over sixty project engineering solutions in copper pyrometallurgy and electrometallurgy, and extractive metallurgy of gold and silver.

Mike Kurtanjek, president and CEO of White Mountain, said, “I am delighted that Antonio has agreed to join the White Mountain team. He brings a wealth of appropriate experience and expertise to the Cerro Blanco project, having already been involved in the project since 2007. His participation and contribution to the preliminary engineering assessment and the pilot plant test work at SGS in Canada means that he is well versed in the requirements to over-see taking the Cerro Blanco project to final feasibility.”

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Tri-Valley (TIV) Subsidiary Inks Lease Exploration Agreement with US Gold (UXG)

Tri-Valley Corp., an oil and natural gas producer in California with two exploration-stage gold properties in Alaska, this week announced that its minerals subsidiary Select Resources Corporation Inc. has inked an agreement with US Gold Corp. for a four-year exploration lease and purchase option for Select’s Richardson Minerals Project in Alaska.

Per the agreement, US Gold will acquire an exploration lease for Richardson, as well as an option to purchase a 60 percent interest in the project, thereby entering into a joint venture with Select for its development.

Maston N. Cunningham, president and CEO of Tri-Valley, said the agreement was completed on schedule and that the companies began exploratory field work on the Richardson site July 5.

“We look forward to working with US Gold on the exploration and development of the Richardson Minerals Project to determine the potential value of prospective intrusive-related gold mineralization, which has been indicated by previous geologic studies,” Cunningham stated in the press release.

Cunningham also said the agreement will enable Select to reduce its operating costs by approximately $200,000 annually.

Select has already received its first payment of $200,000 from US Gold. In addition to subsequent payments of $100,000 for the remaining two years of the exploration lease, if US Gold exercises its option to purchase a 60 percent interest in Richardson, US Gold will complete $5 million in exploration expenditures and 30,000 feet of core drilling.

However, US Gold may terminate the agreement after completing $2.2 million in exploration expenditures and performing 15,000 feet of core drilling at Richardson, which is required during the first two years of the agreement.

For more information visit www.tri-valleycorp.com

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Sky Power Solutions Corp. (SPOW) to Unveil Advanced Solar Power Generation System at SOLAR INTERNATIONAL 2011

Sky Power Solutions, Corp., an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems, today announced it will unveil its standalone residential solar generation system during SOLAR INTERNATIONAL 2011 at the Dallas Convention Center in Dallas, Texas October 17 – 20, 2011.

Solar Power International (SPI) is recognized as North America’s largest, most comprehensive solar power trade show and conference. This annual, business-to-business event was the first of its kind in North America and grows bigger and better every year. Approximately 24,000 professionals from 125+ countries attend. This year, more than 1,100 companies from all vertical markets in the solar power spectrum will exhibit in a space of more than 1 million gross square feet.

Sky Power will display a working prototype of the Sky Power Solutions, Residential, Standalone, Solar Concentrating, Electric Power Generation system in Hall “F” of the Dallas Convention Center and will be available for questions during the event.

The Sky Power Solutions residential solar power station will be capable of reducing the average user’s monthly electric grid consumption by up to 30-40% with no emissions and a zero carbon footprint. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is expected to be $5,000 at release.

Electric consumption in the United States is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid’s capacity and Sky Power Solutions has identified this and is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using “Net-Metering” and the Sky Power System.

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Callidus Software Inc. (CALD) Acquires iCentera, Adds On-Demand Portal Capability to Rapidly Evolving Sales Performance Management Solution

Callidus Software, top developers of full spectrum sales performance management (SPM) solutions and software, continues to break new ground in the sector, announcing the acquisition today of on-demand portal software provider iCentera.

This move unifies an already impressive solution set which recently expanded to become a first of its kind integrated mapping and SPM workflow, greatly enhancing the overall functionality by adding in iCentera’s powerful on-demand portal capabilities. Callidus is now poised to offer the market what is arguably the most advanced SPM solution in existence.

President and CEO of CALD, Leslie Stretch, delineated the anytime, anywhere capabilities of this clearly superior sales enablement platform and stressed that this move places CALD even further out ahead of the competition in this vital, high-growth sector. By acquiring iCentera, CALD has brought a major new SaaS feature set that will effectively extend the core sales performance management suite to the product line, bringing the technology in-house where it can be even more completely integrated with future versioning.

Because iCentera already has such a strong position offering the means for business users to rapidly and dynamically create/distribute marketing content across the spectrum from the sales force to consumers, the rich automation features of the iCentera platform will augment overall market uptake for CALD as well. With the addition of the iCentera Mobile and integrated collaboration platform, we have a complete solution, with full access to industry expertise in a variety of subject matters, as well as best practices, all at the touch of a button from the field.

Virtual mapping of the full logistical architecture of a sales force, the core pillars of CALD’s SPM, like selection, on-boarding, coaching/learning and incentivisation management, and now a complete Saas-based sales enablement platform – these components together make Callidus Software’s award-winning sales force solutions a shining beacon on the sector’s horizon. This is a remarkable growth vector for only 15 years of operation and CALD today stands poised to make enormous waves within the sector.

Co-Founder, President and CEO of iCentera, Craig Nelson, spoke of the hard work of his team developing iCentera since 2003 towards the goal of being the leading provider of a best-in-class sales enablement solution, and was clearly thrilled that the global reach of CALD would be a huge boon. The technology developed by iCentera perfectly complements CALD’s evolving solution set according to Nelson and, as this valuable new patent increases the already substantial intellectual portfolio held by CALD, new territory and channels are exposed in the market, opening up the probability of even more organic growth opportunities.

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CytRx’s (CYTR) Oncology Treatment Receives Orphan Drug Designation; Company Preps for Next Phase of Clinicals

CytRx Corp., a biotech company specializing in oncology, today announced that the Office of Orphan Product Development of the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for the company’s INNO-206 for the treatment of patients with soft tissue sarcomas.

CytRx holds the exclusive worldwide development and commercialization rights to INNO-206. The company’s goal is to initiate further clinical trials, which is leveraged by the FDA’s decision to grant the treatment orphan drug designation.

“Our strategy to move quickly into a phase IIb trial with INNO-206 in soft tissue sarcomas is further supported by the FDA’s approval of orphan drug designation,” Steven A. Kriegsman, president and CEO of CytRx stated in the press release. “We envision a significant opportunity in this indication due to the objective clinical responses seen with INNO-206 in patients with sarcomas in an earlier phase I trial as well as preclinical data.”

INNO-206 is a novel conjugate of the chemotherapeutic doxorubicin, which is the only FDA-approved drug on the market for soft tissue sarcoma. INNO-206 was designed to improve efficacy and reduce adverse events, and in April 2011, was granted INNO-206 orphan drug designation for treating patients with pancreatic cancer.

CytRx said it plans to commence a phase IIb clinical trial in patients with late-stage soft tissue sarcomas later this year after the company completes the ongoing open-label phase Ib clinical trial in patients with advanced solid tumors who have failed standard therapies.

For more information visit www.cytrx.com

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New Energy Systems Group (NEWN) Joins Russell Microcap Index

China-based New Energy Systems Group, manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced its addition to the Russell Microcap Index, effective June 24, 2011.

Russell Investments refreshes its list of indexes annually to maintain representation of global equity markets, capitalization and style. Companies are added and removed from the family of indexes according to such changes.

As of June 28, 2011, the Russell Microcap Index Fund had approximately $497 million of assets.

The company said the addition reflects its advancing position, which it also says it plans to continue in the future.

“We are proud to be a part of an index that includes premier companies such as Orbitz Worldwide and Rosetta Stone. It signifies the progress New Energy has made in a short period of time. As we continue to execute our growth strategies in the years ahead, we will strive to deliver significant shareholder value,” New Energy chairman Weihe Yu stated in the press release.

New Energy’s technology is used for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronic devices. The company distributes its products primarily in China.

For more information visit www.newenergysystemsgroup.com

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Sky Power Solutions Corp. (SPOW) Announces Upgraded Version of Stand Alone Residential Solar Dish

Sky Power Solutions Corp., an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems, was pleased to announce this morning an engineering enhancement in the design of their stand alone, residential, solar concentrating system to provide heat recapture for users of its solar power system giving them free hot water.

With an optional upgrade, the Sky Power Solutions’ Residential, Standalone unit will have the ability to capture the heat resulting from the concentration of solar power for use within the Sky Power Solutions collectors to provide hot water. “This helps with the heat management issue encountered with the development of the dish, as well as providing users the additional benefit of electricity savings by getting free hot water,” says Rich Ralston, with Sky Power Solutions Corp. He goes on to say, “We feel we can capture most ALL the energy in our process and pass it on to our users for beneficial use.”

The residential solar power station will have the ability to reduce the average user’s monthly electric grid consumption by up to 30-40% with no emissions or a carbon footprint, using only the power of the sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is projected to be $5,000 at release. Multiple units can be combined for increased capacity.

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