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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 24, 2009 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stocks. For more FREE ALERTS SIGN UP AT http://www.freehotpennystocks.com
Aethlon Medical, Inc. (AEMD) announced yesterday that it has established Exosome Sciences, Inc. (ESI) as a wholly owned subsidiary of the Company. ESI will seek to leverage the recent discovery that the Hemopurifier®, a medical device developed by Aethlon Medical as a broad-spectrum therapy against infectious viral pathogens, is effective in capturing exosomes that are secreted by solid tumors, lymphomas, and leukemia to suppress the immune response in cancer patients. Aethlon Medical, Inc. will contribute into ESI all exosome-related patents and patents pending.
Jim Joyce, Chairman and Chief Executive Officer of Aethlon Medical, Inc. said, "The ability to reduce circulating exosomes would likely reverse immune suppression and increase patient responsiveness to both immunotherapy and chemotherapy, thus positioning ESI to participate in the $43 billion cancer therapy market. ESI also plans to advance exosome diagnostic and research services, and explore recently discovered opportunities to address exosomes in disease conditions beyond cancer."
In the prior trading session, the stock closed at $0.47. The company reached a new 52 week high at $0.49 on well above average trading volume.
Pashminadepot.com, Inc. (PASH) is pleased to announce changes to its Board of Directors and corporate management. As part of the recent acquisition of SwissINSO SA, Pashminadepot.com has gained an experienced management team with proven track records in high technology manufacturing, sales and business development. Mr. Michel Gruering, founder and chairman of SwissINSO SA, was appointed Chairman of the Board and President of Pashminadepot.com Inc. and Dr. Yves Ducommun, CEO of SwissINSO SA, was appointed Chief Executive Officer and Director.
“We are excited to take the reins at Pashminadepot.com Inc. following the merger with SwissINSO, and to be managing a public company” noted Michel Gruering, Chairman. “Our team has been dedicated to bringing our amazing technologies and products to the marketplace, and we are well on our way to commercializing them. We have now gained visibility around the world and look forward to providing our customers and shareholders with corporate updates.”
In the prior trading session, the stock closed at $1.62. The company reached a new 52 week high at $1.67 in early trading.
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