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Friday Feb. 12, 2010
DrStockPick.com Stock Report!
Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) reported executing a Worldwide License and Distribution Agreement for CTI�s Green D Plus Nano Cavitation Reactor Systems with Desmet Ballestra Group www.desmetgroup.com. CTI projects significant revenue within the next 12 months having initial commitment for at least 20 plant installations annually. Furthermore, Cavitation Technologies entered into a Strategic Alliance Agreement with Divine Fuel, LLC with regard to its BioForce 9000 renewable fuel systems. After evaluating all available technologies, Divine Fuel selected CTI�s advanced BioForce 9000 system as the technology of choice.
Power3 Medical Products, Inc. (OTC Bulletin Board: PWRM) has signed a definitive agreement to acquire all of the stock of StemTroniX Inc., a Texas corporation (�StemTroniX�). Power3 plans to effectuate the acquisition of StemTroniX by merging a wholly-owned subsidiary of the Company with and into StemTroniX. StemTroniX will remain as the surviving company in the merger and will become a wholly-owned subsidiary of Power3. The acquisition of StemTroniX is expected to be completed in April 2010. StemTroniX is a medical biotechnology company that is committed to improving the lives of individuals by using autologous adult stem cell technology to repair tissue damage in patients. Autologous adult stem cell therapy is the process of using an individual�s blood to purify their stem cells and re-introduce them into that individual for the purpose of repairing and regenerating damaged tissue. StemTroniX provides a system to augment this process in a non-invasive method with a focus on heart disease.
Shanda Games Limited (Nasdaq:GAME), a leading online game developer, operator and publisher in China, will announce its unaudited financial results for the fourth quarter and full year 2009 ended December 31, 2009 on Monday, March 1, 2010 Beijing/Hong Kong time.
Bell Microproducts Inc. (Nasdaq:BELM), one of the world’s largest value-added distributors of storage and computing technology, announced that it will host a conference call to discuss the company’s fourth quarter and fiscal 2009 results on March 3, 2010, at 1:30 p.m. PT.
Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government, and consumers, announced restructuring changes to its executive management and employee staff designed to flatten the firm’s organizational structure, improve the Company’s decision-making efficiencies and reduce costs.� Effective immediately Steven Bell, Senior Vice President of North American and European Sales Operations and Robert Miller, Senior Vice President of Engineering and Ground Operations, plus a number of additional employees, are no longer with Globalstar due to the restructuring.
Saia, Inc. (Nasdaq:SAIA) has been named the “2009 Silver Team Award” recipient by Lowe’s Companies, Inc. for exceeding two of the retailer’s service performance indicators. This is the tenth consecutive year Saia has been recognized by the nation’s second largest home improvement company.
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