DrStockPick Presents Company Updates On MDH, PROT and WBSI.
Sunday, August 29th, 2010
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PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, has 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.
“It is a milestone for us in that it validates the value of our intellectual property and business strategy. This agreement commences our desire to create a global footprint and could act as a reference site as we seek to expand beyond the U.A.E. and Middle East,” stated Mr. Michael Cohen, Chairman and CEO of Proteonomix, Inc. “It is also important to note that this agreement does not involve the issuance of equity in Proteonomix, Inc. and is in no way dilutive to the shareholders of Proteonomix, Inc.,” added Mr. Cohen.
Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and has begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (”PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.
WebSafety, Inc. (OTCBB: WBSI), a leading provider of mobile and Internet safety technologies,reports that its CellSafety mobile application is now compatible with more than 60 smart phones. The Company continues to expand CellSafety’s reach. CellSafety is unique in that it literally disables texting and emailing when the user is in a vehicle moving greater than 10 mph. Not only can the cell phone user not send an email or text, but also he or she cannot even read the email or text when the car is moving.
CellSafety is the only application that works on the four major wireless carriers in the U.S. and works with the Android, Blackberry and Symbian operating systems, which constitute 54% of the smart phone market. Impressive numbers and impressive product, particularly for parents, corporations and other businesses, and even the government who wants to limit liability caused from reckless driving associated with cell phone usage.
In 2008, at any given moment, over 800,000 Americans were texting, making calls, or using a handheld cell phone while driving during the daytime. With distracted driving killing nearly 6,000 Americans in the same year, it’s no mystery that cell phone use is risky for drivers
WebSafety, Inc. is the leading provider of mobile and computer software solutions that help to prevent incidences of distracted driving as well as unlawful Internet behavior such as cyber predators, explicit or degrading texting and cyber-bullying. The mobile software works on the major wireless operating systems, including Android, Blackberry and Symbian and on all four of the major wireless carriers. The Irving, Texas-based company is also the creator of the “National Wireless Highway Safety Network,” which is driven to save lives.
MHI Hospitality (Nasdaq:MDH) is a self-advised real estate investment trust (”REIT”) formed in August 2004 to own and manage a portfolio of full-service upper up-scale, up-scale and mid-scale hotels located in primary and secondary markets in the Mid-Atlantic, Midwest and Southeastern United States. On December 21, 2004, MDH successfully completed their initial public offering and elected to be treated as a self-advised real estate investment (”REIT”) for federal income tax purposes. MDH conducts business through MHI Hospitality, L.P., their operating partnership, of which MDH is the general partner. MDH owns approximately 65.0% of the partnership units in the operating partnership. Limited partners (including officers and certain directors) own the remaining operating partnership units.
A well located hotel sits shuttered and desolate . . .
. . . To many it represents a better past; to MHI Hospitality Corporation it represents potential for a better future.
The Company and its predecessor entity have had a long and successful history of instituting growth strategies focused on renovating and upbranding underperforming hotels, while at the same time improving the operating results of their initial portfolio.
MDH’s experience has proven that many troubled properties have outstanding inherent value. Unlocking it requires vision, acumen, and diligence - qualities that MDH brings to every opportunity. MHI creates value through a singular focus: excellence in product and performance.
MDH believes that investments in the hospitality industry made with experienced knowledge and prudence can bear outstanding results. Opportunities are developed, not discovered. Execution is the critical factor.
Edgar Sims, Jr. - attorney, community leader, dedicated father - started the family business more than 50 years ago, on a foundation of quality, integrity and hospitality. Those values still guide MDH today. For now, and for the future, they remain the hallmarks that ensure satisfaction for guests, employees and business partners.
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Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group ) for seven\ (7) days of advertising for WebSafety, Inc., (OTCBB: WBSI).
Crown Equity Holdings Inc. (CRWE.OB) has received twenty thousand dollars in cash and twenty thousand dollars in free trading shares from a third party (Swiss Financial Report) for (30) days of advertisement services for Proteonomix, Inc. (PROT.OB)
