Power3 Medical Products, Inc. (PWRM.OB) signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc., a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy.
PWRM plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into PWRM, with PWRM remaining as the surviving company in the merger. The acquisition of Rozetta-Cell is expected to be completed in November 2010.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer's, Parkinson's and ALS diseases, for which it is currently engaged in Phase II clinical trials. The tests are designed to analyze an individual's proteins to detect the presence of disease, a patient's disease progression, a patient's response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
For more information about this company please visit http://www.power3medical.com
PTS, Inc. (PTSH.OB) recently announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (VOIP) contract with MC Universal Art (www.greatamericanart.com ).
MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers. MC Universal Art is expanding its office and manufacturing infrastructure and required a scalable communications system that can handle their growth without effecting customer service. They also had a need to insure that their IT architecture would not be impacted with their communication upgrade.
For more information about this company please visit http://www.ptspi.com
Weingarten Realty Investors (NYSE:WRI) announced the restructuring of its existing four regional footprint to add a fifth Southeast region. At the beginning of 2010, Weingarten divided the Western region into the Western and Mountain regions and will be moving forward with a similar change in the East. This new alignment, dividing the East into the Mid Atlantic and Southeast regions, strengthens our boots on the ground focus and our overall strategy to lease space and grow the portfolios with local expertise.
Weingarten Realty Investors operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. The Shopping Center segment engages in the acquisition, development, and management of real estate, primarily anchored neighborhood and community shopping centers located in Texas, California, Louisiana, Arizona, Nevada, Arkansas, New Mexico, Oklahoma, Tennessee, Kansas, Colorado, Missouri, Illinois, Florida, North Carolina, Mississippi, Georgia, Utah, Kentucky, and Maine.
Smurfit-Stone Container Corp. (NYSE:SSCC) announced that the UNIK Local 34 union (UNIK) at the Company's La Tuque, QC, mill rejected the Company's contract offer tendered on November 10, 2010. The offer was rejected by approximately 53 percent of the voting union members.
Smurfit-Stone Container Corporation manufactures paperboard and paper-based packaging in North America. It offers corrugated containers that are used to transport various products, including home appliances, electric motors, small machinery, grocery products, produce, books, and furniture; and manufactures retail ready, point of purchase displays, and a line of specialty products, including pizza boxes and corrugated clamshells for the food industry, as well as Cordeck recyclable pallets and custom die-cut boxes to display packaged merchandise.
Tortoise Power and Energy Infra (NYSE:TPZ) announced that as of October 31, 2010, the company's unaudited total assets were approximately $204.4 million and its unaudited net asset value was $169.1 million, or $24.36 per share. As of October 31, 2010, the company was in compliance with its asset coverage ratio under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 605 percent.
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