MondayOct 06, 2008 11:23 am

European Countries Taking Preventative Action – Yet to Form Unified Front

In an effort to implement strategic measures that would help stave off the effects of what has become a global credit crisis, European governments began issuing deposit guarantees for banks on Monday, as stocks slid back around the world. Confidence levels are indeed at an all-time low in the wake of the scariest global financial threat in over seventy years. Even as the euro sunk to its lowest level in over a year, a unified strategy has yet to be formed, and countries seem to be dealing with the crisis on an individual level. Let us hear your thoughts below:

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MondayOct 06, 2008 11:22 am

Details to be Released Regarding Rescue Fund Managers

Vowing to move swiftly, the Treasury Department is working toward naming those who will assume responsibility for the oversight of spending over $700 billion of taxpayers' money. Administration advisors intend to work with other nations to calm the global markets. Trouble from the American credit crunch has cascaded overseas, and it falls upon our leadership to return stability to the financial marketplace. With all of the fuss created by government officials over the urgency of passing their bailout package, Americans are waiting with bated breath to see some immediate action. Let us hear your thoughts below:

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MondayOct 06, 2008 11:21 am

Another Crash on Wall Street

On Monday, investors seemed to take a dim view of the future to be provided by the recently passed bailout legislation. The Dow plummeted over 700 points to fall well below the 10,000 mark for the first time in four years. Fears of a crippling credit crisis threatening to spread across grobal economies have had a humbling effect, and it seems everyone has their fingers on the sell button. Notably, losses in America were mirrored in markets across the globe from Europe to Asia. Let us hear your thoughts below:

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MondayOct 06, 2008 11:12 am

Red Chip Featured Company: Celsius Holdings, Inc. (CSUH.OB)

Celsius Holdings, Inc. (CSUH.OB) is a company focused on producing, distributing, and marketing its functional beverages. The company’s first subsidiary, Celsius Inc., develops and markets its beverages into the soft drink market. The company’s second subsidiary, Celsius Netshipments, Inc., focuses on distributing the beverages over the Internet. The company actually contracts the production of the beverages to concentrate suppliers. Through a reverse merger in January 2007, Celsius acquired the operating business of Elite FX, Inc. Celsius is a calorie-burning soda that has become Elite’s first commercially distributed product. The beverage is currently available in five flavors: ginger ale, lemon/lime, orange,…

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MondayOct 06, 2008 11:05 am

Red Chip Featured Company: Colorado Goldfields, Inc. (CGFI.OB)

Colorado Goldfields, Inc. (CGFI.OB) is a new player in the mining field focused on the exploration and retrieval of gold and silver in the state of Colorado. The company is targeting its efforts on three historically proven mines that only require minor rehabilitation to achieve full-scale production sites. CGFI has obtained an 80% interest at the Gold King, Mayflower, and Mogul mines located in San Juan County, Colorado. All three mining properties are located within a 9-mile radius of the Pride of the West Mill, which consists of 120 acres of private land, an office building, a laboratory building, water…

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MondayOct 06, 2008 9:09 am

RXi Pharmaceuticals Corp. (RXII) to Webcast Investor Event

RXi Pharmaceuticals Corp. (NASDAQ:RXII) is a discovery-stage biopharmaceutical company. The company is pursuing the development and commercialization of proprietary therapeutics based on RNA interference (RNAi) for the treatment of human diseases. RXi Pharma intends to put their initial focus on the treatment of neurological and metabolic diseases and cancer. RNAi is a naturally-occurring mechanism for the regulation of gene expression that has the potential to be harnessed to selectively inhibit certain genes that lead to disease. Rxi Pharma was founded by world-leading researchers in the field of RNAi. Most notably, this includes Dr. Craig Mello, recipient of the 2006 Nobel…

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MondayOct 06, 2008 8:09 am

Superlattice Power, Inc. (SLAT.OB) Files Patent For New Advanced Cathode Materials Production Process

Superlattice Power, Inc. (SLAT.OB), the North Carolina-based lithium battery developer, recently completed the filing of a patent for a proprietary chemical process used in industrial-scale production of new, high-purity nano cathode materials. The new materials are key to the development of the company’s advanced lithium ion polymer battery for use in high-range electric vehicles. The new battery increases electric vehicle range to approximately 200 miles, a major improvement over existing batteries, and promises to significantly enhance the marketability of electric cars. Industrial scale production of the material is essential, and has been aggressively pursued by Superlattice. Superlattice has successfully produced…

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MondayOct 06, 2008 8:03 am

Sinobiopharma, Inc. (SNBP.OB) Completes Acquisition of DongYing Pharmaceutical

Sinobiopharma, Inc., (SNBP.OB), a biotechnology company with primary operations in Nantong, China, recently announced the completed acquisition of DongYing Pharmaceutical (DongYing BVI). DongYing BVI will become a wholly-owned subsidiary of Sinobiopharma. DongYing BVI is the sole shareholder of Big Global Limited, a company organized under the laws of Hong Kong, which in turn is the sole shareholder of DongYing (Jiangsu) Pharmaceuticals Co., Ltd. (“DongYing China”), a company organized under the laws of China. DongYing China is in the business of researching, producing and developing a variety of biopharmaceutical products, and has developed new methods for the synthesis of active pharmaceutical…

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MondayOct 06, 2008 7:49 am

Micromem Technologies, Inc. (MMTIF.OB) Subsidiary Establishes NY Office, Ramps up for Rapid Commercial Growth

In today’s news, Micromem Technologies announced that its wholly-owned subsidiary, Micromem Applied Sensor Technologies (MAST), has opened a corporate office in New York City. This new office was established as part of the company’s plan to increase focus on magnetic sensor opportunities, with a priority on targeting aerospace/defense and consumer applications. Joe Fuda, Chief Executive Officer of Micromem, commented, “Opening a New York office brings us closer to our U.S.-based clients. More important, our sensor is relevant to a number of critical government and military applications, many of which may become protected under International Traffic in Arms Regulations (ITAR), a…

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MondayOct 06, 2008 7:31 am

Platina Energy Group, Inc. (PLTG.OB) Continues to Apply its Environmentally-Friendly Approach to New Locations

Platina Energy Group, Inc. (PLTG.OB) is a diversified independent oil and gas exploration and production company based in Dallas, Texas. Through a combination of organic growth and acquisitions, Platina has become one of the fastest-growing domestic exploration and production (E&P) companies. It has been able to build a group of solid assets and cash flow through the application of a number of financing structures utilized in its acquisition and property development phases. Led by President and CEO Blair Merriam since its inception in 2005, Platina has applied an environmentally and socially responsible approach to its well site remediation. The company…

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