NSU, UWN, PROT, TNDM - Stock News And Updates From DrStockPick.com.
Tuesday, September 28th, 2010

PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, reports further developments with its Joint Venture Company, XGEN Medical LLC (”XGen”) towards implementing operations in the United Arab Emirates (U.A.E.).
Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.
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 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.
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Neutral Tandem, Inc. (Nasdaq:TNDM), a leading provider of interconnection services, has entered into an agreement to acquire Tinet SpA, an Italian based global carrier exclusively committed to the IP Transit and Ethernet wholesale market. To acquire Tinet, Neutral Tandem will pay cash consideration of approximately 74.5 million euros (approximately $94.9 million), which reflects certain purchase price adjustments, the assumption of approximately 5.2 million euros in cash (approximately $6.6 million) and the assumption of approximately 18.2 million euros in long-term debt (approximately $23.2 million), which will be paid off at closing1. The combination will immediately expand Neutral Tandem’s IP-based network internationally, enabling global end-to-end delivery of wholesale Voice, IP and Ethernet solutions. The acquisition, to be financed by cash from Neutral Tandem’s balance sheet, is subject to various standard closing conditions and is expected to close during the fourth quarter of 2010. After closing, Tinet will be a wholly owned subsidiary of Neutral Tandem.
Headquartered in Chicago, Neutral Tandem, Inc. is a leading provider of tandem interconnection services to wireless, wireline, cable and broadband telephony companies. As of June 30, 2010, Neutral Tandem was capable of connecting approximately 500 million telephone numbers assigned to carriers in the United States. Neutral Tandem’s solutions include both voice and Ethernet interconnection services. Neutral Tandem’s solutions build redundancy, security and operational efficiencies into the nation’s telecommunications infrastructure. Neutral Tandem announced plans to launch 14 Ethernet eXchanges by year end 2010.
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Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) reports financial results for the first quarter ended July 31, 2010.
“While we are very pleased with our first quarter results, they don’t reflect the impact from the six additional mini-casinos we acquired in Washington. Our three original Washington mini-casinos and our Colorado property continue to perform well,” said Robert Sturges, CEO of Nevada Gold.
“With the acquisition of the additional locations, Nevada Gold has become the largest owner of mini-casinos in the state of Washington with nine such facilities. The synergies amongst our Washington properties will allow us to operate with great efficiency cross market and offer a high level of consistent guest service and promotional incentives,” continued Mr. Sturges.
“We continue to be on track to hit our goal of generating approximately $55 to $60 million in pro-forma revenue subsequent to the addition of the six recently acquired Washington mini-casinos. We also expect that our property level pro-forma EBITDA, adjusted for the additional six mini-casinos, will be approximately $7.5 million to $8 million on an annual basis,” concluded Mr. Sturges.
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Nevsun Resources Ltd.(NYSE Amex:NSU) is pleased to advise on growth strategies for reserves and throughput for the Bisha project in Eritrea. The Bisha gold phase remains on time and on budget, with commissioning expected in Q4 2010 and commercial production in Q1 2011.
Reserves
Nevsun expects to increase Bisha’s 20 million tonne reserve as a result of the following opportunities:
– Revising reserve calculations for updated metals prices and lower cut-
off grades. The existing reserve was determined using outdated cut-off
grades and metal prices. Recalculation could potentially convert what
was previously considered waste to ore;
– Converting inferred resources below the feasibility study pit to
reserves by infill drilling;
– Definition drilling of the hanging wall copper mineralization, directly
adjacent to the Bisha deposit, to estimate additional resources and
potential reserves; and
– Infill drilling the Harena discovery, which is 9km south west of Bisha,
to perform a resource and reserves estimate.
Bisha’s 20 Mt reserve is part of a 27 Mt measured and indicated and 12 Mt inferred resource, indicating substantial opportunity for growth. The extent of reserve expansion is not yet fully determinable but the Company anticipates the above activities should significantly enhance total reserves within the next year.
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