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Canada Business News and Press Releases
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(EMAILWIRE.COM, February 15, 2011 ) Montréal, Québec - Theinvestingstock.com (http://Theinvestingstock.com), a premier source for top penny stocks research and publishers of Penny Stock Trader newsletter, issues top stock alert for the following companies (OSIR, PPWE, TIER, AVOT, MSPD).
Osiris Therapeutics, Inc. (Nasdaq:OSIR) announced the appointment of Stephen W. Potter as Senior Vice President of Operations and Corporate Development, reporting directly to C. Randal Mills, Ph.D., President and Chief Executive Officer. Mr. Potter has more than 20 years of life science management experience, most recently most recently as Senior Vice President of Corporate and Business Development at Genzyme Corporation.
Osiris Therapeutics, Inc., a stem cell therapeutic company, focuses on developing and marketing products to treat medical conditions in the inflammatory, orthopedic, and cardiovascular areas in the United States and internationally.
America needs an equally balanced energy policy that helps promote energy efficiency, conservation and a greater supply of all forms of energy, including domestic oil and natural gas. The industry has proven it can make these resources safely and in an environmentally responsible manner in all areas, including on non-park federal lands.
Producing these resources from federal lands is vital to providing energy resources that are vital to grow the U.S. economy, enhance U.S. energy security, stimulate the creation of new high-paying American jobs, increase funds to the federal, state and local governments and improve the U.S. balance of trade.
Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
Please visit our website www.properpower.com.
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec.
Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
American Video is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.
China has started to drastically reduce the exports of rare-earth materials, which frequently are used in “green” technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the healthcare, defense, and consumer markets. The nation supplies nearly 100% of the world’s rare-earth materials: 17 metals which are difficult to refine and that tend to occur in the same ore deposits. The cutbacks have sent shock waves through the electronics industry and could force design changes in the near future.
Constraints on Chinese exports are generating opportunities for non-Chinese projects.
Tier Technologies Inc. (Nasdaq:TIER) released results for the quarter ended December 31, 2010. For the quarter ended December 31, 2010, Tier reported revenues from Continuing Operations of $33.0 million, a 0.6% increase over the same quarter last year. Net loss from Continuing Operations was $1.1 million, or $0.06 per fully diluted share, compared to net loss from Continuing Operations of $0.7 million, or $0.04 per fully diluted share, for the same quarter last year. Continuing Operations include Electronic Payment Solutions, or EPS, and certain wind-down businesses. On a standalone basis, our EPS business reported quarterly revenues of $32.5 million, or a 1.7% increase over the same quarter last year.
Tier Technologies, Inc. provides biller direct electronic payment solutions to federal, state, and local government, as well as to educational institutions, utility companies, and other public sector clients in the United States.
Mindspeed Technologies Inc. (Nasdaq:MSPD) announced that it will showcase the latest developments in small-cell base station innovation powered by its Transcede™ processor family, at the upcoming Mobile World Congress trade show in Barcelona, Spain, from February 14-17, 2011. Unveiled for the first time at the 2010 Mobile World Congress trade show, the Transcede system-on-chip (SoC) will be featured in compelling new small-cell designs that will enable mobile network operators to increase network capacity and reduce the cost-per-bit of delivering next-generation data services. The Transcede family is the industry’s only solution with a compatible software architecture that enables original equipment manufacturers (OEMs) to quickly scale their designs up or down in cell size, depending on customer requirements and rapidly evolving market dynamics.
Mindspeed Technologies, Inc. designs, develops, and sells semiconductor networking solutions for communications applications in enterprise, broadband access, metropolitan, and wide-area networks (WAN).
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This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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