Businesses Leading Industry - PROT, GU, CNS, AOL - DrStock-Pick.com
Wednesday, October 13th, 2010
Proteonomix, Inc. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, reported that Mr. Michael Cohen, 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.
“Proteonomix has made great strides recently,” stated Mr. Cohen, “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.”
Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives.
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Gushan Environmental Energy Limited (NYSE: GU), a leading producer of biodiesel in China, disclosed that its board of directors has approved a share repurchase program effective October 7, 2010. Under the terms of the approved program, Gushan Environmental Energy may repurchase up to US$5 million worth of its issued and outstanding American Depositary Shares (”ADSs”) through its subsidiary, Gushan Holdings Limited, from time to time in open market at prevailing market prices, in negotiated transactions off the market, in block trades, pursuant to a 10b5-1 plan or otherwise in compliance with applicable laws. The timing and extent of any repurchases will depend upon market conditions, the trading price of ADSs and other factors, and be subject to the restrictions relating to volume, price and timing under applicable laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended. Gushan Environmental Energy expects to implement this share repurchase program over 12 months from its effective date, in a manner consistent with market conditions and the interest of its shareholders. Gushan Environmental Energy’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size accordingly. The program may be suspended or discontinued at any time. Gushan Environmental Energy plans to fund repurchases made under this program from available cash balances.
Gushan Environmental Energy is a leader in the PRC biodiesel industry, in terms of annual production capacity, and one of the leading biodiesel producers in Asia, in terms of nominal capacity.
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Cohen & Steers Inc. (NYSE: CNS) revealed the recent addition of a marketing communications director to its New York City headquarters. Martha Shapiro is senior vice president and director of Marketing Communications, and oversees the creation of the full range of the firm’s marketing and educational materials and Web site content. Ms. Shapiro was previously the director of Marketing Services at Morgan Stanley Investment Management, which she joined in 2004. She had responsibility for both retail and institutional channels. Before that, she was director of Marketing Communications at Oppenheimer Funds, Inc.
Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. Cohen & Steers also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.
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AOL Inc. (NYSE:AOL) declared that AOL will hold its quarterly conference call to discuss third quarter 2010 financial results on Wednesday, November 3, 2010 at 8:00 a.m. Eastern Time (ET). AOL will issue a press release reporting results before the conference call on Wednesday, November 3, 2010.
AOL Inc. is a leading global Web services company with an extensive suite of brands and offerings and a substantial worldwide audience. AOL’s business spans online content, products and services that the company offers to consumers, publishers and advertisers. AOL is focused on attracting and engaging consumers and providing valuable online advertising services on both AOL’s owned and operated properties and third-party websites.
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