PROT, NUEC, KORE, CYN, HIL, DrStockPick.com Stock Report! Sep 9th 2010
Thursday, September 9th, 2010
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Mr. Michael Cohen, Proteonomix, Inc. (OTCBB:PROT.OB)’s Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.
Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.
The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. (”XGen”), a Nevis Island limited liability company.
Previously, PROT executed a joint venture agreement with a group of investors that will create a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). The Investor Group has committed to invest $5 million on or before September 10, 2010. The Joint Venture company, XGen Medical LLC (”XGen”), a Nevis Island limited liability company, will be owned 51% by Proteonomix and 49% by the Investor Group. Due to confidentiality and competitive reasons, the Investor Group has requested to remain anonymous for the present. The Investor Group is not related directly and/or indirectly to the Company, its management, its board of directors and/or its current shareholders.
In this case, Mr. Cohen stated: “Proteonomix has made great strides recently and we have been contacted by several European entities that have requested additional information about our proprietary stem cell activities. In recognition of the interest in Europe and the potential for additional joint venture agreements in various European countries, we recognize that it is propitious to meet with a number of the European institutional investors both to educate them on the intrinsic value of Proteonomix shares and garner interest in strategic relationships.”
More about PROT at: www.proteonomix.com
NuEarth Corporation (OTC:NUEC.PK) (”NuEarth”)’s AquaSolv products are unique formulations of Polyacrylamides (PAMs) that slow the infiltration rate of water and promote lateral spread throughout the root zone where they will reduce leaching and retain water and nutrients. The products break down during normal microbial activity to biodegrade with no root uptake.
The ability of polyacrylamides to change soil hydrology has been known for some time. There
has been however limited development of the technology into broad-scale agricultural production systems.
NuEarth, an organic chemical and agricultural support company, is a producer of polyacrylamide formulations that have opened opportunities for economic use in broadacre agricultural applications. The increasing cost of chemical based fertilizers coupled with both the shortage of and cost of irrigation water further justify the development of this technology into agricultural markets.
More about NUEC at: www.nuearthcorp.com
Kore Nutrition Incorporated (”Kore” or the “Company”) (OTCBB:KORE.OB) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”), announced the appointment of a unique and experienced Advisory Board to facilitate rapid expansion of the ALL IN Energy brand of products. The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.
ALL IN President and CEO, David Powley, stated that, “We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world.”
Powley continued, “This is the platform that will help Go All In Inc. express to, and impress upon, the vast consumer audience that our products are not just another brand of energy mixers for the juvenile jet set; we offer healthy energy (thus the term “healthergy”) based products which will help all demographics everyday.”
More about KORE at: www.allinenergy.com
City National Corporation (NYSE:CYN) announced the pricing of a registered underwritten public offering of $300 million of 5.25 percent senior notes due September 15, 2020.
The notes are to be sold at a price of 99.738 percent of the principal amount and will pay interest semi-annually. The offering is expected to close on September 13, 2010, subject to the satisfaction of customary closing conditions.
City National intends to use most of the net proceeds from this offering for the redemption of $250 million of 9.625 percent cumulative trust preferred securities that were issued by the company on December 8, 2009. The company intends to use the remaining proceeds for general corporate purposes.
The offering was led by J.P. Morgan Securities LLC, with Credit Suisse Securities (USA) LLC and UBS Securities LLC serving as co-managers.
More about CYN at: www.cnb.com
Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that a joint venture of Hill, Systra Engineering and Gannett Fleming has received a contract from the Port Authority of New York and New Jersey to provide expert professional planning, project management and related services on a call-in basis in connection with the $4.1 billion Capital Program of the Port Authority Trans-Hudson (PATH) commuter transit system. The contract has a one-year base period and up to seven one-year option periods.
PATH is a heavy rail rapid transit system, operating 24 hours a day, seven days a week, and serves as a critical link in the New York-New Jersey transportation network. The region ranks as the most mass transit-dependent region in the United States.
Hill International, with 2,600 employees in 90 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States.
More about HIL at: www.hillintl.com
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