OTCPicks.com Daily Market Movers Digest Midday Report for Monday, July 7th
BSRC,
MGRN,
LLSR,
CABN,
XSNX,
XKEM,
UVSE,
IFNY,
UOMO,
UPDV,
GOVX,
BPWI,
AOGN Our Stocks to Watch today include BioSolar Inc. (OTCBB:
BSRC), Monogram Energy Inc. (OTC:
MGRN), Lantis Laser Inc. (OTC:
LLSR), Carbon Sciences Inc. (OTCBB:
CABN), XsunX Inc. (OTCBB:
XSNX), Xechem International Inc.
(OTC:
XKEM), Universal Energy Corp. (OTCBB:
UVSE), Infinity Energy Resources Inc. (OTC:
IFNY),
UOMO Media Inc. (OTCBB:
UOMO), Universal Property Development and Acquisition Corp. (OTCBB:
UPDV), GeoVax Labs Inc. (OTCBB:
GOVX), Big Apple Worldwide Inc. (OTC:
BPWI) and Avalon Oil & Gas Inc. (OTCBB:
AOGN).
Visit http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L to register for our Daily Market Mover?s Digest Newsletter and Email Stock Watch Alerts.
BIOSOLAR INCORPORATED (OTC:
BSRC) "Up 16.22% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L63 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L53 BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.
BSRC News:
July 7 - Record-High Petroleum Prices a Boon to BioSolar Company`s Cost-Saving Bio-Based Materials for Photovoltaic Solar Modules Poised to Decrease Industry`s Oil Dependence BioSolar, Inc. (OTCBB:
BSRC) reports that surging oil prices have resulted in unprecedented price hikes in photovoltaic solar module manufacturing, creating substantial growth opportunities for BioSolar.
The company?s breakthrough technology dramatically reduces the cost of solar modules by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources. This dramatic pricing differential is expected to accelerate demand for BioSolar?s products as manufacturers scramble to control skyrocketing manufacturing and components costs.
?With the plastics industry undergoing price increases of up to 40% for petroleum-based plastics, we believe that the cost savings offered by our BioBacksheet? product will accelerate manufacturers? adoption of our product into their photovoltaic modules,? said Dr. David Lee, BioSolar?s CEO. ?The savings will reduce the final cost per watt of solar electricity by allowing manufacturers to lower the cost of their finished product without being impacted by the rising cost of petroleum.? A recent article in PlasticsNews underscores how manufacturers are impacted by price increases of commodity chemicals, as well as "almost unprecedented" run-ups in energy and raw materials costs. The June 22, 2008 article notes that companies are impacted not only by rising raw materials costs, but the associated electricity and transportation costs as well. Kevin Swift, chief economist at the American Chemistry Council, says, ?Each $1 increase in the price of a barrel of crude oil costs the chemical industry $660 million annually ?For a $1 increase in 1 million BTUs of natural gas, it`s $3.3 billion in new costs.? ?The market for solar power is already in explosive growth mode, and photovoltaic technology has progressed markedly in recent years with advances making the cells more efficient, lighter and less expensive.
But BioSolar is singularly positioned to lead the development of truly sustainable and cost-effective solar technology as the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell module components with durable non-food, bio-based materials,? said Lee.
BioSolar is in the process of transitioning into full-scale production of its BioBacksheet? in a 60,000-square-foot state-of-the-art facility operated by its contract manufacturing partner, Rowland Technologies, Inc.
By incorporating Rowland Technologies? world-class manufacturing capabilities with BioSolar?s unique material engineering, BioSolar is producing an environmentally-friendly product with characteristics that exceed the thermal index requirements of solar module manufacturers.
?We expect this breakthrough product to be rapidly accepted as the standard for the backsheet component of both traditional and certain thin-film photovoltaic modules,? said Lee.
MONOGRAM ENERGY INCORPORATED (OTC:
MGRN) Detailed Quote: www.otcpicks.com/quotes/
MGRN.php Company Profile:
www.otcpicks.com/monogram-energy/monogram-energy.htm Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties.
The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
June 30 - Monogram Energy, Inc. Continues Workover Program Monogram Energy, Inc. (OTC:
MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that it will begin the workover of two wells on the T.W. Martin lease in Navarro County, Texas today. The T.W.
Martin lease comprises 70 acres with 12 wells, of which 6 are currently producing. The 6 wells are expected to produce 2 barrels per well, per day. This represents a 50% increase in projected production stated in the Monogram Energy press release on May 13, 2008, increasing production from 270 barrels per month to 540 barrels per month.
With oil prices skyrocketing to an all time high of $140 per barrel in June, Monogram could realize revenues of over $400,000.00 USD over the next six months.
Preliminary estimates show that the wells to be worked over will increase production by 28% per well. If the Company realizes this increase in production, it will approve the workover of the additional wells that are in production.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We are very pleased with the progress being made with the Company. This workover program on the T.W. Martin lease will yield dramatic revenue growth. We are striving for all of the wells on the T.W. Martin lease to be functioning at full capacity by the end of the year." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy`s goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
LANTIS LASER INCORPORATED (OTC:
LLSR) Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L65 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L52 Lantis Laser was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 development, moving through beta systems, product development and application for FDA clearance and plans to launch the OCT Dental Imaging System? in the first quarter of 2009.
Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive); LightLab Imaging (non-exclusive) and
AXSUN (exclusive). To find out more about Lantis Laser, visit www.lantislaser.com.
LLSR News:
July 2 - Independent Research Shows More Uses for Lantis Laser`s OCT Technology Lantis Laser Inc. (OTC:
LLSR) (www.lantislaser.com), is drawing attention to the increasing applications of Optical Coherence Tomography (OCT).
In a recently published study in Journal of Endodontics (June 2008) by Shemesh H et al at the Academic Center for Dentistry in Amsterdam, Holland, showing OCT application in root canal therapy for detecting root fractures before filling the canal, it was concluded that OCT is a promising method for non-destructive imaging of the root surfaces.
Earlier published research by the same group, showed that OCT could detect perforations and other possible defects that could affect a successful outcome of root canal therapy. Dentists have never been able to obtain this information by any other means.
Lantis Laser has exclusive worldwide rights for OCT technology in the $5 Billion dental equipment industry. The technology, which was developed at MIT, is the next generation in medical imaging following the X-ray, ultrasound, and MRI.
Stan Baron, President & CEO of Lantis, commented that, "The more applications OCT can be used for, the more dentists would find it indispensable and this would, of course, accelerate the rate of adoption of Dental OCT and the market penetration." Lantis is initially targeting its Dental OCT System for use in the early detection of tooth decay, secondary decay under and around fillings, root surface decay and decay under sealants. However many other applications are surfacing that would indicate that Lantis OCT Dental Imaging System would be deployed in a dental office for many more applications than originally envisaged.
Application in orthodontics have been indicated relating to the detection of early demineralization, the precursor to decay, using OCT.
Orthodontic treatment requires patient compliance to achieve optimum levels of oral hygiene, particularly around brackets. OCT can detect early demineralization, a sign that the patient may need special attention to ensure that "white spots" on teeth do not detract from successful treatment. A recent publication by Cosmin Sinescu et al in Int. Soc. Opt Eng. ( May 2008) shoed research to using OCT to examined the outcome of different bracket bonding materials and procedures that could affect stability of bracket retention and minimize failures.
Lantis` OCT Dental Imaging System enables the dentist to do diagnostic imaging, chairside and in real-time. As the power source is light-based, unlike x-ray there is no harmful radiation. Images can be captured at a resolution of to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.
CARBON SCIENCES INCORPORATED (OTCBB:
CABN) Detailed Quote: www.otcpicks.com/quotes/
CABN.php Company Profile:
www.otcpicks.com/carbon-sciences/carbon-sciences-2.htm Carbon Sciences, Inc. focuses on developing GreenCarbon technology to convert carbon dioxide into a form that would not contribute to global warming. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company was founded in 2006 as Zingerang, Inc. and changed its name to Carbon Sciences, Inc. in April 2007. Carbon Sciences, Inc. is based in Santa Barbara, California.
CABN News:
July 1 - RedChip Visibility Issues First Quarter 2008 Research Update On Carbon Sciences, Inc.
RedChip Visibility, a division of RedChip Companies, Inc. announced it has issued a first quarter 2008 research update on Carbon Sciences, Inc. (OTCBB:
CABN), a company engaged in developing its GreenCarbon? Technology which converts harmful carbon dioxide into useful carbon products.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
?
CABN has recently announced the first application of its breakthrough technology whereby it plans to convert CO2 into Precipitated Calcium Carbonate (PCC), a valuable chemical compound that can be used in the manufacturing of paper, paint, pharmaceutical products, rubber, adhesives, and plastics. GreenCarbon PCC is cost effective, as it uses inexpensive raw material and can be used as a standalone or satellite plant to existing PCC operations of target customers.
?We believe
CABN stock will gain as the Company`s new business strategy focusing on the PCC market will enable it to report revenues earlier than our previous estimates. Growing demand for PCC products and the demand-supply gap are the positive catalysts for
CABN stock,? Bhargava continued.
?
CABN`s plan to produce PCC to position itself in the CO2 mitigation market, which is estimated to reach $400 billion by 2030, confirms our positive viewpoint of
CABN`s technology. Even the political scenario that has undergone a radical change supporting CO2 mitigation regulations favors
CABN. We reiterate our `Speculative Buy` rating on
CABN and are revising our 12-month target price to $0.85,? she concluded.
To receive a complimentary copy of the RedChip Visibility 1Q08 Research Report for
CABN, visit www.redchip.com/visibility/about.asp?page=vreport&reportid0&from012008pr.
XSUNX INCORPORATED (OTCBB:
XSNX) Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L76 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L16 Xsunx, Inc., a thin-film photovoltaic (TFPV) company, focuses on developing thin film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. Its product includes XsunX ASI-120 module, which is a 125 peak watt TFPV solar module utilizing glass substrates and a proprietary semiconductor manufacturing system. XsunX ASI-120 provides for a module delivering high power output, and size and framing that would allow for the use of various existing mounting systems. The target markets for the TFPV solar module include solar farms, government agencies, and utility companies, as well as power purchase agreements and large commercial installations worldwide. The company, formerly known as Sun River Mining, Inc., was incorporated in 1997 and changed its name to XsunX, Inc. in 2003. XsunX is headquartered in Aliso Viejo, California.
XSNX News:
July 1 - Research Update Issued on XsunX, Target Price $1.50 Reiterated by Beacon Equity Research XsunX Inc. (OTCBB:
XSNX) has been rated a ?Speculative Buy? with a reiterated price target of $1.50 by Beacon Equity Research Analyst, Victor Sula, Ph.D.
The full report is available at www.beaconequity.com/adpages/
XSNX.
In the report, the analyst writes, ?With reserved capacity already approaching 145 MW, lower manufacturing costs per watt that will drive a rapid adoption of the TFPV modules and recent progress toward establishing commercial production, we believe
XSNX remains on track to report meaningful revenues by year-end 2008 and achieve our $60 million revenue target in 2009.? XECHEM INTERNATIONAL INCORPORATED (OTC:
XKEM) "Up 150.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L08 Xechem International is a development stage biopharmaceutical company working on Sickle Cell Disease (SCD). Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN?. In addition to NICOSAN?, Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University.
XKEM News:
July 3 - Xechem International Announces Conference Call to Address Information Update Xechem International (OTC:
XKEM) announced that it will be holding a conference call to update shareholders and other interested persons on its business operations and financial status. Details regarding the call are:
Date: July 10, 2008 To: 9:30 a.m. Central Daylight Time Dial-In: Domestic: 1-866-548-2692 International (outside the U.S. & Canada): 904-596-2360 UNIVERSAL ENERGY CORPORATION (OTCBB:
UVSE) "Up 67.57% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L73 Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada. As of December 31, 2007, it had working interest in approximately 7,095 acres of land in Louisiana and Texas, as well as in Alberta, Canada. The company, formerly Universal Tanning Ventures, Inc., was founded in 2002 and is based in Lake Mary, Florida.
UVSE News:
July 3 - Universal Energy Corp. Announces Completion of Caviar Pipeline Universal Energy Corp. (OTCBB:
UVSE) announced that the Caviar pipeline was completed on July 1, 2008. Work has continued over the past few days finalizing the component installation on the production barge.
"I truly feel patriotic beginning production of Caviar # 1 and Caviar #4 on Independence day weekend," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "In no means do I imply that production from Caviar production will change the energy markets, but if each U.S. E&P company were focused in on drilling domestic prospects as we are, it would create a damn good start." INFINITY ENERGY RESOURCES INCORPORATED (OTC:
IFNY) "Up 67.65% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L53 Infinity Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, development, and production of natural gas and oil in the United States. It has properties in the Fort Worth Basin of north central Texas; Rocky Mountain region in Wyoming and Colorado; and the Sand Wash and Piceance Basins in northwest Colorado.
The company also has interest in an oil and gas exploration property offshore Nicaragua in the Caribbean Sea. As of December 31, 2007, its total proved reserves were 7.8 billion cubic feet of gas equivalent.
The company was founded in 1987 and is based in Denver, Colorado.
IFNY News:
July 7 - Southern Regional Government Council Approves Infinity Energy Resources Offshore Nicaraguan Exploration and Development Contracts Contracts Now Go To National Government For Final Approval Infinity Energy Resources, Inc. (OTC:
IFNY) (the "Company"), an independent oil and gas exploration and development company, announced that the regional government council of the Autonomous Region of the Southern Atlantic ("
RAAS") voted to approve the Company`s offshore Nicaraguan exploration and development contracts on July 4, 2008.
"This represents the achievement of a critical objective in our quest to secure final approval of our exploration and development contracts involving Infinity`s oil and gas concessions offshore Nicaragua in the Caribbean Sea," commented Stanton E. Ross, Chief Executive Officer of Infinity Energy Resources, Inc. The concessions cover an area of approximately 1.4 million acres. "We applaud the manner in which the President of the
RAAS, Lourdes Aguilar Gibbs, and the various authorities of the
RAAS have worked with Infinity to approve contracts that hold great promise for the citizens of the
RAAS if we are successful in our exploration and development efforts. The contracts must now go to the national government in Managua for its final review and signature by Nicaragua`s President, which we hope will be forthcoming in a timely manner." The Company continues to seek the approval by the regional government council of the Autonomous Region of the Northern Atlantic ("
RAAN") of its contracts relating to the concession under the jurisdiction of the
RAAN. The authorities of the
RAAN have asked the Company to make presentations to its communities, similar to those recently conducted within the
RAAS, after which the Company remains hopeful that the
RAAN will vote to approve Infinity`s project. Due to assurances received from Nicaragua`s President and the cooperation and support of ProNicaragua (the Nicaraguan Investment Promotion Agency) and the Ministry of Energy and Mines, the Company remains hopeful this process will soon be underway.
"Infinity Energy Resources is prepared to move forward immediately with environmental studies, seismic and other exploratory activities once permission is granted by the Nicaraguan government," continued Ross.
"We believe that the Perlas and Tyra concession blocks potentially contain substantial quantities of oil beneath waters that range in depth from 100 feet to 300 feet. A number of international oil and gas companies have already contacted Infinity regarding their potential interest in partnering with us to develop the concession."
UOMO MEDIA INCORPORATED (OTCBB:
UOMO) "Up 25.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L06
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets.
UOMO integrates existing and well-established revenue streams in recorded music, publishing, talent management and distribution through its four operating divisions:
UOMO Digital Distribution,
UOMO Recorded Music,
UOMO Talent Management, and
UOMO Publishing.
UOMO News:
July 7 -
UOMO Media`s The NE Inc. At Full Capacity The NE Inc., a fully owned subsidiary of
UOMO Media Inc. (OTCBB:
UOMO) continues its flood of business activity, focusing on the development of visual media including music videos.
Currently, The NE Inc. has the following music videos cued for production for the first two weeks of July:
* Justin Nozuka with ?Be Back Soon" (director: Cazhhmere and Randall RT! Thorne) * Julie Crochetiere with "The Only Thing I Know For Sure" (director:
Cazhhmere) * God Made Me Funky with "Bringin It Back" (director: Marc Andre Debruyne) * Ekue Featuring Shazelle with ?Elevator? (director: Marc Andre Debruyne) * Alias DonMillion with "Screwed BNE" (director: STIRLING) * Lori Nuic with ?Something?s Gotta Give? (director: Marc Andre Debruyne) ?We are working at full capacity as the demand for our services continues to grow,? said John Nadalin, President of The NE Inc., who just recently wrapped production on Bruce MacDonald?s latest feature film ?Pontypool.? UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION (OTCBB:
UPDV) "Up 14.49% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L00 Universal Property Development and Acquisition Corporation (
UPDA), through its subsidiaries, engages in the acquisition, exploration, production, development, storage, and distribution of oil and natural gas in Texas and Kansas. The company also involves in the purchase, transportation, storage, and resale of petroleum products. In addition, it provides drilling, pipeline construction, and well maintenance and development services. The company, formerly known as Procore, Inc., was incorporated in 1982 and is based in Juno Beach, Florida.
UPDV News:
July 2 - Heartland Completes and Successfully Pressure Tests 4 Mile Pipeline, Installation of Flow Lines to Commence for Connection of 12 Wells Expected to Double Coalbed Methane Production Heartland Oil and Gas Corp. (OTCBB:
HTOG) (FWB:
HOCA), a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:
UPDV), has successfully conducted pressure testing on its new 4 mile pipeline in Kansas, signaling the completion of that pipeline. Work was then immediately commenced to install the flow lines to each of the 12 new wells to be connected in order to begin the sale of the coalbed methane being generated by those wells.
With this successful testing and anticipated connection of 12 wells, Heartland expects to double the coalbed methane production from this field in Southeast Kansas. In addition, vast additional acreage will be open for further development and drilling along the 4 miles to be accessed by the pipeline.
?We put the necessary pressure into the pipeline and found no leaks along its entire length,? reports Augie Soto, COO of Aztec Well Services, Heartland?s prime contractor on the work. ?The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation of the 4 inch flow lines without delay and have scheduled the contractor to fracture the wells so they are ready for production as soon as we can connect them.? ABOUT HEARTLAND OIL AND GAS CORP.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB:
UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time,
UPDA has also established Aztec Well Services, Inc.
(www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
GEOVAX
LABS INCORPORATED (OTCBB:
GOVX) "Up 15.38% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L8 GeoVax Labs, Inc., a clinical stage biotechnology company, engages in the research and development of human vaccines for diseases caused by human immunodeficiency virus (HIV) and other infectious agents. Its vaccine candidates completed preclinical efficacy testing in non-human primates and a Phase I clinical study in humans. The company was founded in 2001 and is based in Atlanta, Georgia.
GOVX News:
July 7 - GeoVax Reports Progress on Its AIDS Vaccine Technology GeoVax Labs, Inc. (OTCBB:
GOVX), an Atlanta based, publicly traded biopharmaceutical company specializing in the prevention and treatment of infectious diseases, provided an operational update on the company`s progress towards entering Phase 2 preventative human clinical trial testing and plans to proceed into therapeutic human trials with its AIDS vaccine. Five successful human trials evaluating GeoVax AIDS vaccines have previously been reported.
Planned Phase 2 Human Clinical Trial for Prevention of AIDS:
The Company`s Phase 2 trial, conducted by the U.S. National Institutes of Health (NIH) supported HIV Vaccine Trials Network (
HVTN), will involve 225 healthy volunteers from the United States and South America, and will further evaluate the safety and immunogenicity of the GeoVax preventative vaccine (vaccine administered prior to infection with the HIV virus). In Phase 1 trials, both 1/10th dose and full dose of the GeoVax vaccine elicited anti-HIV T-cells, whereas the full dose was required to elicit good frequencies of antibody to the HIV Envelope glycoprotein. The larger Phase 2 human trial will broaden the base of safety and immunogenicity data for the full dose of the GeoVax AIDS vaccine with a view to protecting recipients from developing AIDS should they be exposed to the virus. The planned Phase 2 human clinical trial is currently scheduled to start early this fall, subject to FDA approval.
Preclinical Data for Use of Vaccine Technology as an AIDS Therapeutic Human Clinical Trials in Planning Stages:
GeoVax also announced summary data from a pilot study on therapeutic vaccination in simian immunodeficiency virus (SIV) infected non-human primates with the SIV prototype for the GeoVax AIDS vaccine. In this small pilot study, conducted by Dr. Amara at Emory University, two non-human primates were infected with SIV. At 12 weeks post SIV infection, conventional anti-viral drug therapy was given to the primates to reduce the viral RNA infection levels to very low levels creating a non progressor status for the primate. Then the SIV prototype vaccine for the GeoVax AIDS vaccine was administered. Six weeks following the final vaccination, anti-viral drug treatment was stopped and the animals were monitored to determine whether the vaccine could control the SIV infection during the absence of the drugs.
The outstanding results from the study revealed the vaccine controlling the infection in the absence of drugs. In one primate, the reduction in viral levels over pre-drug treatment and vaccination levels was 1000 times. In the other, the reductions in viral levels were 100 times. The excellent control of the virus infection in the absence of drug treatment was associated with the vaccine raising the types of CD4 and CD8 T cells that are found in the rare individuals who spontaneously control their HIV infections.
Based on these excellent results, planning for a therapeutic trial in infected and drug treated humans has been initiated. The intent of therapeutic vaccination is for the vaccine to "control" HIV virus levels in infected individuals to very low levels thus blocking the development of AIDS. Successful therapeutic AIDS vaccination programs with GeoVax vaccines would lead to reduction in the use of costly anti-HIV medications and their often harmful side effects.
Dr. Harriet Robinson, GeoVax Co-founder and Senior V.P. of Research and Development, commented, "I had not anticipated the extent of vaccine control that was achieved in the already infected non-human primates.
These are highly promising results that need to be extended into infected humans to see if the vaccine can be used to reduce the need for taking drugs. The results also warrant more extended studies in already infected non-human primates to explore parameters that both limit and enhance the ability for a vaccine to displace the need for drugs." Dr. Robert McNally, CEO and President of GeoVax Labs, Inc., emphasized, "It is noteworthy to mention that the GeoVax AIDS vaccines being tested in the preclinical therapeutic trial is the same basic vaccine administered in the Company`s human trials testing for a preventative use of the vaccine, vaccinating people before infection to prevent the development of AIDS should they become infected. Thus, a "one for two" vaccine could be a breakthrough solution for the company and the world, saving millions of dollars in redundant development costs and years of testing time by utilizing safety data already achieved in Phase 1 preventative human trials. More important, time to market could be significantly reduced, saving lives much sooner than otherwise." Further, GeoVax`s management is pleased to report that the company is currently engaged in negotiations with a NIH sponsored trial network to administer, conduct and co-sponsor GeoVax`s Therapeutic human trial program. Management expects to receive approval for undertaking formal protocol development in the near future and will report more detailed plans accordingly.
"From an operational standpoint, we are very pleased with the overall progress of the company," stated Dr. Robert McNally. "Progress with ongoing preventative vaccine trials and now the potential to address therapeutic use of the vaccine gives GeoVax an expanding role in the fight to control AIDS." BIG APPLE WORLDWIDE INCORPORATED (OTC:
BPWI) "Up 23.08% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L15 Big Apple Worldwide, Inc., through its wholly owned subsidiary, Big Apple Wallcovering, Inc., engages in the design and manufacture of architectural wallcovering and fabrics for hospitality, private offices, and commercial interiors in the United States. The company offers fine commercial vinyl wallcovering, as well as provides digital printing services. It supplies its product for various types of commercial projects, such as hotels and motels, restaurants, country clubs, health care facilities, hospitals, banks, casinos, stores, and office buildings. The company`s another subsidiary, Elabrient Surfaces, LLC, operates as a commercial interior design development and manufacturing company specializing in commercial wallcovering. Big Apple Worldwide, through its wholly owned subsidiary, Big Apple Travel, Inc., serves as a travel agency and features a travel salon in Orlando, Florida. The company is headquartered in Longwood, Florida.
BPWI News:
July 7 - Big Apple Worldwide Targets All Retail Segments to License New Kiosk Technology Big Apple Worldwide, Inc. (OTC:
BPWI) announced that the Company`s wholly owned subsidiary, Big Apple Wallcovering, has completed and tested the newest version of its proprietary "No More Books?" software for use in e-commerce and retail sales. The new version puts the Company in a position to market the technology to retail outlets to sell all kinds of products through space saving kiosks in retail stores, as well as online venues.
Licenses of the upgraded "No More Books?" technology are being marketed to other home d?cor manufacturers and resellers, as well as retailers in other industries. The new version has been modified to improve the shopping cart operation, make more products available through an easier and more powerful search engine, and incorporate a whole new look to the shopping experience, including a tutorial video.
The "No More Books?" kiosk program was initially created to eliminate the need for heavy, expensive sample books that wallcovering manufacturers have used for years. Big Apple Wallcovering has placed the kiosks, which take up only four square feet of space, in retail outlets around the U.S., selling wallcoverings from various manufacturers.
"We see this new technology as a potential revenue generator to drive our company forward. With our many contacts in the retail industry, we foresee a wealth of licensing opportunities with `No More Books?,`" stated Neal Jablon, President of Big Apple Worldwide, Inc.
AVALON OIL & GAS INCORPORATED (OTCBB:
AOGN) "Up 5.88% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N48&L80 Avalon Oil & Gas, Inc. engages in the acquisition of producing oil and gas properties in the United States. It holds 50% working interest in the J.C. Kelly wellbore, a 121.9 acre lease in Wood County, Texas; the E.A. Chance wellbores, a 40 acre lease in Camp County, Texas; 50% working interest in the Dixon Heirs, Deltic Farms and Timber, the Gunn wells, and associated units and leases, in Miller County, Arkansas; 10% working interest in 13 wellbores located in Upshur County, Texas; 25% working interest in a six well production property located in Grant Parish, Louisiana; and 15% working interest in the Janssen prospect in Karnes County, Texas. The company also holds 20% interest in the Talora Block and 15% interest in the Mecaya Block. Avalon Oil & Gas, through its subsidiaries, owns licenses for the mitigation of paraffin wax deposition from crude oil using ultrasonic waves; borehole casing technology; and to a system for determining the presence and location of leaks in underground pipes. Avalon Oil & Gas, Inc. has a strategic alliance with
UTEK Corporation to develop a portfolio of new technologies for the oil and gas industry. The company is based in Minneapolis, Minnesota.
AOGN News:
July 3 - Avalon Increases Ownership in the East Chandler Field Avalon Oil & Gas Inc. (OTCBB:
AOGN) (FWB: A3MA.F) (Avalon) announced it has signed a letter agreement to acquire all of the oil- and gas-producing assets owned by Bedford Energy, Inc. in the East Chandler Field, Lincoln County, Oklahoma. Avalon will increase its current interest in the Grace #2 well and acquire working interests in four other producing wells in the East Chandler Field, the Grace #1, Grace #3, Grace #5A and Grace #6 wells. Avalon initially acquired a working interest in the Grace #2 well in June, 2008.
Avalon is increasing its working interest in the Grace #2 from 2.5% to 7.5%; and increasing its net revenue interest in the Grace #2 to 11.95%. Avalon is also acquiring interests in four additional wells in the East Chandler Field. The company is acquiring a 10% working interest and 13.825% net revenue interest in the Grace #1, Grace #3, Grace #5A and Grace #6 wells. Avalon is also acquiring a salt water disposal well and offset and development acreage in the two quarter sections of the East Chandler Field.
The Grace #2 was completed in the Viola Limestone, and is currently producing 350 MCF of gas per day. The Grace #5A was completed in the Prue Sand with an initial potential of 50
BOPD and 300
MCFPD. The Grace #5, the Grace #1, the Grace #3 and the Grace #6 wells will be completed in the Hunton Lime.
In this transaction, Avalon will acquire total reserves of 90,000 barrels of oil and 559
MMCF of gas.
The Hunton Lime Reserves from the Grace #1, the Grace #3 and the Grace #6 wells are estimated to be 48,000 barrels of oil and 423
MMCF gas.
The Upper Red Fork Sand reserves for the Grace #5A are estimated to be 30
MMCF of gas.
Avalon will also be acquiring Prue Sand potential in the Grace #3, Grace #5A and the Grace #6 wells. Estimated Prue Sand reserves for these three wells are 33,000 barrels of oil and 81
MMCF of gas.
?We are extremely pleased with this expansion of our ownership in the Grace #2 and newly acquired interests in the four other producing wells in the East Chandler Field,? said Kent Rodriguez, Avalon CEO. ?This acquisition will increase our revenues nearly three-fold. Avalon will continue to expand our ownership in these wells in the coming months,? he added. The company?s growing energy portfolio now includes production assets of 49 producing oil and gas wells in 5 states, and is continuing to expand its capital deployment through acquisitions of high potential oil and gas producing properties in the region.
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