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Stock Hunter Alert!! SNGX,FTER,SPOF,LDSR,FMNJ,VTSS
(M2 PressWIRE Via Acquire Media NewsEdge) Stock Hunter PRESENTS : (OTCBB: SNGX) Soligenix, Inc., (PINKSHEETS: FTER) Forterus, Inc., (PINKSHEETS: SPOF) Spoofem.com, Inc., (PINKSHEETS: LDSR) LandStar, Inc., (PINKSHEETS: FMNJ) Franklin Mining, Inc., (PINKSHEETS: VTSS) Vitesse Semiconductor Corp.
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(OTCBB: SNGX - Soligenix, Inc.)
LATEST NEWS!!
Soligenix to Present at 12th Annual BIO CEO & Investor Conference
Presentation to be Webcast Live, 4 PM EST, February 8th
PRINCETON, N.J., Feb 03, 2010 -- Soligenix, Inc. (OTC Bulletin Board: SNGX) (Soligenix or the Company), a late-stage biotechnology company, announced today that its President and Chief Executive Officer, Christopher J. Schaber, PhD, will give a corporate presentation at the 2010 BIO CEO & Investor Conference on Monday, February 8, at 4:00 PM Eastern Standard Time. The presentation will take place in the Park South Room at the Waldorf Astoria Hotel in New York City.
The Soligenix presentation will be webcast live and archived for later replay. To access the webcast, please visit the company's investor page at http://www.soligenix.com/invest_sec.shtml. A replay of the presentation will be archived for 90 days after the conference at the same location.
For more information about the 2010 BIO CEO & Investor Conference, please refer to the conference website at http://ceo.bio.org.
About Soligenix, Inc.
Soligenix, Inc. (Soligenix) is a late-stage biopharmaceutical company developing products to treat life-threatening side effects of cancer treatments and serious gastrointestinal diseases, and vaccines for certain bioterrorism agents. Soligenix's lead product, orBec(R) (oral beclomethasone dipropionate or BDP), is a potent, locally acting corticosteroid being developed for the treatment of acute gastrointestinal Graft-versus-Host-Disease (GI GVHD), a common and potentially life-threatening complication of hematopoietic cell transplantation. orBec(R) is currently the subject of a confirmatory Phase 3 clinical trial for the treatment of acute GI GVHD and an NIH-supported, Phase 2, randomized, double-blind, placebo-controlled trial in the prevention of acute GVHD. Both of these trials are actively enrolling patients. Soligenix has also recently initiated an NIH-supported Phase 1/2 clinical trial of SGX201 in the prevention of acute radiation enteritis. Additionally, Soligenix has a Lipid Polymer Micelle (LPM(TM)) drug delivery technology for the oral delivery of leuprolide for the treatment of prostate cancer and endometriosis.
Through its Biodefense Division, Soligenix is developing biomedical countermeasures pursuant to the Project BioShield Act of 2004. Soligenix's lead biodefense product in development is a recombinant subunit vaccine called RiVax(TM), which is designed to protect against the lethal effects of exposure to ricin toxin. RiVax(TM) has been shown to be well tolerated and immunogenic in a Phase 1 clinical trial in normal volunteers. RiVaxTM will also be the subject of a recent $9.4 million NIH grant received by the Company supporting development of new heat stable vaccines.
For further information regarding Soligenix, Inc., please visit the Company's website at www.soligenix.com.
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(PINKSHEETS: FTER - Forterus, Inc.)
LATEST NEWS!!
Forterus Company Update
MURRIETA, Calif., Feb 02, 2010 -- On January 31, 2010, Forterus, Inc. (Pink Sheets: FTER), wanted to clear up some misperceptions that have developed regarding the Company.
On November 17, 2008, the Company had 13,513,264 shares of common stock outstanding. As of January 31, 2010, the Company had 13,632,556 shares of common stock outstanding. Therefore, the Company has only increased the common share count by 118,992 common shares over the past 14 months. The Company's philosophy is to maximize shareholder value and one way to accomplish this is to maintain a low outstanding common stock count.
There have been mis-statements that the Company issued 5,000,000 shares to the holders of the Preferred Series C stock. This is not correct. The Company made the offer on August 18, 2009 and offered the 5,000,000 in exchange for $196,975 dividend that occurred as part of the acquisition of ABTTC. The holders of the Series C declined the offer and the shares were not issued. However, if those shares would have been issued they would have been restricted under Rule 144 and would not be able to be sold on the open market.
There also seems to be a misconception on the conversion of Series C Preferred Stock. As previously disclosed, the Series C was created as part of the purchase of ABTTC. There are 6,565,866 Series C Preferred Stock outstanding. These shares are to be redeemed by the Company on June 30, 2018 for $6,565,866. There is a conversion provision that would allow the holders to convert into common shares; however, such conversion is priced at $.25 per share and would eliminate the need for the company to redeem those shares. The Series C is owned by insiders of the Company. Therefore, the underlying common stock would be restricted and could not be sold into the open market. However, since the insiders own the Series C Preferred Stock it would be unlikely that any such conversion would occur.
We hope that this clears up the misconception that the Company that has been diluting the common stock.
About Forterus, Inc.
Forterus, Inc. and its subsidiaries engage in diverse business activities including drug and alcohol rehabilitation and finance. For more information Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com
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(PINKSHEETS: SPOF - Spoofem.com, Inc.)
LATEST NEWS!!
Google Approves SPOOFEM.Com Android Application
SPOOFEM.COM Approved to Produce and Develop Applications for Google Phones
ATLANTA, GA, Feb 02, 2010 -- SPOOFEM.COM (PINKSHEETS: SPOF) today announced that Google has accepted the company's application to become a provider to develop future cell phone applications for Androids operating system, which include cell phone brands such as, Motorola, Nokia, and Google Nexus. SPOOFEM.COM's first application to be submitted for approval will be the company's iSPOOFEM application. The iSPOOFEM application will allow consumers to spoof individuals through texts, caller id, and emails. The application will be accessible via their Google phones.
Application users will be able to access contacts from their Google phones, which will allow consumers to add their own contacts manually, or chose from their contacts already saved. In addition to the new iSPOOFEM application, a history database will be available allowing consumers to listen to their previously recorded calls.
Android is a mobile operating system running on the Linux kernel, initially developed by Android Inc.; a firm later purchased by Google. The Android operating system has also been considered important enough by a lot of the most popular internet sites and services to create native android applications. These include MySpace and Facebook.
"We are reaching a wide variety of consumers by developing applications for Android users," says Quinton Ash, Senior Developer of SPOOFEM.COM. "The iSPOOFEM application will be beneficial to our consumers, and I think the application will expand the amount of users and revenue we'll get through SPOOFEM.COM." SPOOFEM.COM, now a publicly traded company, began as a caller id spoofing service, but has now expanded to include several new functionality elements, features and services. SPOOFEM offers more free and powerful tools than any other identification spoofing service such as SPOOFTEXT and SPOOFMAIL. These services allow you to send anonymous text messages and emails.
For more information regarding SPOOFEM.COM's iSPOOFEM application, and for additional information about SPOOFEM.COM, please visit www.SPOOFEM.com.
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(PINKSHEETS: LDSR - LandStar, Inc.)
LATEST NEWS!!
LandStar Inc. Releases the Name of Its Second of Three Merger Candidate
BEIJING, Feb 02, 2010 -- LandStar Inc. (PINKSHEETS: LDSR) proudly announces the name of the second China-based merger candidate in company's efforts to close its 4-way mega merger.
In Press Release on January 26, 2010, LDSR identified the first merger candidate as Hubei Sheng Di Vessel Manufacturing Co., Ltd., with market size about 10 times larger than whole of LDSR. With both merger negotiations progressing well, LDSR names the second targeted merger candidate: Wu Xin Stainless Steel Co., Ltd. This merger candidate shows gross annual revenues in range of $8 million USD and profits in range of $2 million USD. The company also demonstrates strong growth potential on Chinese heavy industry installations' market. LDSR merger negotiations with Wu Xin Stainless Steel Co., Ltd. represent another significant event for LDSR, promising to bring exceptional value into the LDSR group holdings.
Mr. Lee Congtang, CEO and Chairman of LDSR, said, "Negotiations advance as scheduled. Assuming we finalize mergers with these strong industry players, our shareholders will soon see a fundamentally different LDSR company. We are still in talks with the USA company (see filings Pink Sheets) and they are not out of the loop. We'll release their name as soon as the negotiations progress further. We are doing everything to finalize these mergers and restore the LDSR share price back where it belongs. We believe that everything happens for a reason. Our previous auditor resigned due to the harassing calls and threats made by anonymous callers and alias emails they received. This subsequently placed Hubei Chuguan industry CO.LTD audit on temporary back burner. This actually worked in our favor. Now, we are back on track with the audit. We intend to jointly (all 3 or possibly 4 companies) completed our audit and either complete the merger in LDSR and begin the process of up listing to OTCBB. Another option was presented to us is simply roll up all three audited companies into an existing OTCBB company. We wish to do whatever will give us and our shareholders the greatest return. We will examine and study all options before making that decision. An OTCBB company has been identified and is in a holding pattern for us awaiting the completion of the audit. I can assure our followers that this is being done as quickly as possible and is our top priority."
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(PINKSHEETS: FMNJ - Franklin Mining, Inc.)
LATEST NEWS!!
Franklin Mining - Planet Recovery Announce Joint-Venture to Operate Bolivia's San Antonio de Turiri Antimony Mine
LAS VEGAS, NV, Feb 02, 2010 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) is pleased to announce having formed a joint venture with Planet Resource Recovery, Inc. for development and operation of Bolivia's San Antonio de Turiri antimony mine.
Franklin holds the operating agreement for the Turiri. Planet Recovery manufactures and markets PetroLuxus(TM) and other "green" technologies for the remediation and recovery of base and precious metals. Each company will share equally in joint-venture revenue distributions after recovery of development costs and operating expenses.
Terms of the joint-venture divides mining operations into two phases: Phase One is the immediate mining of high grade antimony with an estimated initial production of 50 tonnes per month building to incremental increases of an additional 50 tonnes per month.
Phase Two, enhanced mining recovery, will commence with deployment and implementation of Planet's enhanced mining recovery technology which includes unique environmentally friendly proprietary chemical compounds and processes.
The Turiri's main ore bodies range between 60 and 67% pure antimony; secondary ore bodies consist of 5 to 10% antimony. And a recent geological study and laboratory analysis has indicated that less than 5% of the Turiri's antimony has been mined.
With commodity pricing for antimony having recently reached $6,400 USD per ton (in January 2010), the joint-venture anticipates a quick recovery of Phase One development costs.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.com.
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(PINKSHEETS: VTSS - Vitesse Semiconductor Corp.)
LATEST NEWS!!
Vitesse Adds to Industry's Highest Performance Crosspoint Switch Family
New 11.3 Gbps High-speed Crosspoint Offers Industry's Most Advanced Features for Next-Generation Communication Systems
SANTA CLARA, Calif., Feb 02, 2010 -- DESIGNCON 2010 -- Vitesse Semiconductor Corporation (Pink Sheets: VTSS) today added another innovation to its industry-leading signal integrity portfolio with the availability of the VSC3308, a new 8-port asynchronous crosspoint switch with enhanced FlexEQ(TM) signal equalization capabilities. Boasting the highest capacity in the industry's smallest footprint currently available, the VSC3308 is housed in a compact 10mm x 10mm footprint while enabling bandwidth upgrade by 75-percent over existing solutions. Whether building storage, server, router, or optical transport equipment, the device is ideal for converged platforms requiring next-generation data rates and protocols such as PCIe generation 3, 8G Fibre Channel, OTN, or 10, 40 and 100 Gigabit Ethernet.
"Blade servers, storage equipment and Carrier Ethernet applications are all converging at the 10 Gbps node, requiring high-performance signal integrity products to route, switch and clean up these signals at rates up to 11.3 Gbps," said Juan Garza, product marketing manager for Vitesse. "The VSC3308 builds on Vitesse's proven success in solving high-speed, signal integrity issues and enables customers to future-proof their systems for newer protocols rapidly moving towards production release." Unique Feature Set The combined functions of crosspoint switching and Vitesse's leading FlexEQ(TM) equalization technology make the VSC3308 a compact, highly cost-effective, low-power signal integrity tool useful wherever there are high-speed signals. Showcasing the range and depth of Vitesse's signal integrity portfolio, the VSC3308 incorporates a broadband, fully non-blocking and multicasting switch core with flexible fourth-generation equalization and pre-emphasis I/O capability. Offering maximum architectural flexibility in switching and routing connections, the device can perform compelling signal fan-out, loop-back and protection switching while also regenerating signals otherwise compromised by losses in the transmission medium. Vitesse's FlexEQ equalization capability works independently of the data rate, providing highly effective compensation for deterministic jitter across a wide range of operating conditions.
Capable of 11.3 Gbps per lane bandwidth, the VSC3308 includes detection/transmission of signal (LOS) providing native Out-of-Band (OOB) support of SAS/SATA storage protocols. This architecture also provides protocol transparent operation, thereby allowing each channel to run independently. Vitesse's VSC3308 supports a wide frequency range encompassing virtually all data protocols including Gigabit Ethernet, XAUI, Reduced XAUI (RXAUI), 10GBASE-KR, 1.5G/3G/6G SAS/SATA, 1G/2G/4G/8G/10G Fibre Channel, PCIe Gen 1/2/3 and InfiniBand(TM).
World-Class Signal Integrity Vitesse was first to introduce integrated signal equalization in crosspoints switches and now has nearly a decade of successful product developments and dozens of products in production. With the introduction of dual-time constant equalization, Vitesse's latest-generation FlexEQ technology enables a superior level of signal integrity engineering. FlexEQ equalization technology allows the system designer to compensate for multiple impairments in the signal path, such as connectors and cabling or skin effect and dielectric losses in PCB traces. FlexEQ also provides a significantly wider compensation range so a single device can be used in multiple applications, from PCB traces to backplanes to copper cabling. Learn more about FlexEQ at www.vitesse.com/flexeq.
About Vitesse Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for Carrier and Enterprise Ethernet networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in Gigabit Ethernet LAN, Ethernet-over-SONET, Fibre Channel, Serial Attached SCSI, Optical Transport, and other applications. Additional company and product information is available at www.vitesse.com.
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