(PWRM, ECGI, RCON, HEV) Noticeable Stocks by DrStockPick.com
Wednesday, May 18th, 2011
Power3 Medical Products, Inc. (PWRM)
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 Medical Products, Inc. applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 Medical Products, Inc. has developed a portfolio of products including 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. These 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.
About 1 in 8 women in the United States (12%) will develop invasive breast cancer over the course of her lifetime. In 2010, an estimated 207,090 new cases of invasive breast cancer were expected to be diagnosed in women in the U.S., along with 54,010 new cases of non-invasive (in situ) breast cancer. About 1,970 new cases of invasive breast cancer were expected to be diagnosed in men in 2010. Less than 1% of all new breast cancer cases occur in men.
When the breast cancer cells spreads commencing the lymph nodes, they cause ruthless wound to additional parts of the body. The a large amount conventional parts are brain, liver, lungs and bones. The new to the job lump fashioned clothed in the additional carve up contains similar characteristics of initial one. representing examples proviso the breast cancer is spreads to the liver at that moment the cancer is termed as metastatic breast cancer except not as liver cancer.
BC-SeraPro™ is a proteomic test for the diagnosis of breast cancer. This test is designed to measure the quantitative expression level of 22 protein biomarkers in the serum that differentiate between breast cancer patients and control subjects. The level of the biomarkers from the patient’s serum sample is compared to the Power3 Medical Products’ patient database. Statistical analysis by linear discriminates function will analyze the biomarker levels of the patient sample and assign a probability score for the diagnosis of the patient sample. Probability score is ranged from 0.0 to 1.0. Results of the BC-SeraPro™ test should not be considered a standalone diagnosis nor a guarantee and is intended to be used in conjunction with mammography and other accepted modalities.
For more information, please visit their website: http://www.power3medical.com
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Envoy Capital Group, Inc. (Nasdaq:ECGI) released its financial results for the second quarter of fiscal 2011. For the quarter ended March 31, 2011, Envoy incurred a net loss of ($6.4) million or ($0.80) per fully diluted share compared with a net income of $0.9 million or $0.11 per fully diluted share for the same quarter last year. Included in the results for the current quarter is approximately $6.1 million in one-time restructuring costs. The per-share calculations are based on fully diluted, weighted average shares outstanding of approximately 8.0 million for the current quarter and 8.4 million for the prior year.
Envoy Capital Group Inc., through its subsidiary, Watt International Inc., operates as a consumer and retail branding company. It offers consulting, branding, packaging, and retail design services to clients in Canada, the United States, Mexico, the United Arab Emirates, China, and South America, as well as project work for clients in other countries.
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Recon Technology, Ltd. (Nasdaq:RCON) announced its financial results for the third fiscal quarter ended March 31, 2011. Summary financial data is provided below; Revenues for the third quarter of fiscal year 2011 decreased by 57.74% year-over-year to $1.7 million, down from $4.0 million in the third quarter of fiscal 2010. Gross margin for the third quarter was 17.9% based on gross profit of $302 thousand, compared with a 44.7% margin based on gross profit of $1.8 million in the same period last year. Operating expenses for the third quarter were $1.5 million, up 97.7% year-over-year from $741 thousand in the same period last year. Operating loss for the third quarter was $1.2 million, down 211.18% compared to operating income of $1.0 million in the third quarter of fiscal 2010. Net loss attributable to Recon for the third quarter decreased 263.21% year-over-year to $1.1 million compared with net income of $689 thousand for the third quarter of fiscal 2010. Loss per diluted share was $0.28 for the quarter, down 263.21% from diluted EPS of $0.17 achieved in the same period a year ago.
Recon Technology, Ltd provides services designed to automate and enhance the extraction of petroleum in China. The company offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial specialized automation control and information solutions.
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Ener1, Inc. (Nasdaq:HEV) announced financial results for the first fiscal quarter of 2011 ending March 31, 2011. “We believe our first-quarter results represent another step forward in building a profitable business,” said Ener1 Chairman and CEO Charles Gassenheimer. Total consolidated revenue for the quarter was $23.1 million, an increase of 110% over the first quarter of 2010. Consolidated gross profit margin improved to 24%, compared to 10% in the year-ago quarter. Due primarily to an impairment charge, the company reported a net loss of $84.7 million, or diluted net loss per share of $0.51 for the quarter. The impairment charge represents a $69.4 million increase in net loss, which represents a one-time $59.4 million impairment recorded during the first quarter to write down the company’s investment in Think Holdings and a $13.9 million loss on financial instruments, which is primarily attributable to the impaired value of the investment. The impairment charge and loss on financial instruments totaled $73.3 million, or $0.44 per diluted share, for the three months ending March 31, 2011. This compares to a net loss of $15.3 million, or diluted net loss per share of $0.13, during the same period last year. Final testing began on two grid energy storage units for the Russian Federal Grid Company to be shipped in the next few weeks; Completion of delivery of nine batteries to Hyundai Heavy Industries by Ener1’s transportation group to power all-electric transit buses in Seoul and securing of an order for ten additional systems to be delivered in the third quarter; An increase in revenue by 12% and improved gross margin percentage of 22% over the same quarter last year by our small pack business, which provides lithium-ion battery solutions to companies like Motorola; A new president, Chris Cowger, formerly vice president and general manager of AMD’s global consumer software and peripherals division.
Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery systems for energy storage in the United States and South Korea.
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