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GUYANA GOLD CORPORATION (OTC: GYGC)
Detailed Quote: http://www.otcpicks.com/quotes/GYGC.php
Company Profile: http://www.otcpicks.com/guyana-gold/guyana-gold.htm
Guyana Gold Corporation is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company's objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. The Company's key mineral project is located in the region of Port Kaituma, in which the Company holds a 50% interest as part of its joint venture with Octagon Mining Corp. The main interests along the Guyana Shield are gold, diamond and bauxite and, recently, semi-precious stones.
GYGC News:
June 23 - Guyana Gold Corp. in the Heart of a Gold-Mining Boom in Guyana
Guyana Gold Corp. (OTC: GYGC | Quote | Chart | News | PowerRating) is an aggressive junior gold exploration company developing exploration opportunities in geographic areas with a proven history of geological discovery in Guyana, South America. Recent significant gold discoveries by Guyana Goldfields Inc., Strata Gold Corp. and Sacre-Coeur Minerals Ltd. - along with a major exploration presence in the country by Newmont Mining - have placed Guyana to the forefront of the gold exploration sector.
The country is in the heart of a prolific gold region called the Guiana Shield - also encompassing parts of Venezuela, Suriname and French Guiana. Geologically, this is believed to be the broken-off extension of the West African Shield hosting the Birimian gold belt in Ghana where at least 100 million ounces of gold has been identified to date.
Guyana Gold Corp has a joint venture with Octagon Mining Corp. which is comprised of 6 blocks, with each block consisting of 1,200 acres and 44 claims, for a total of 7,200 acres and 264 claims. These claims are located in the Port Kaituma Region in Guyana. Guyana Gold Corp. plans to have production on its key property increased over the next 60 days, and has announced it has made application for additional land claims to further enhance the company's exploration programs.
For more information on the GYGC and its properties, visit the company's website at www.guyanagoldcorp.com.
BARRIER THERAPEUTICS INCORPORATED (NASDAQ: BTRX | Quote | Chart | News | PowerRating) "Up128.98% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BTRX.php
Barrier Therapeutics is a pharmaceutical company focused on the development and commercialization of products in the field of dermatology. Barrier Therapeutics currently markets three pharmaceutical products in the United States: Xolegel (ketoconazole, USP) Gel, 2%, for seborrheic dermatitis; Vusion (0.25% miconazole nitrate, 15% zinc oxide, 81.35% white petrolatum) Ointment, for diaper dermatitis complicated by documented candidiasis; and Solage (mequinol 2.0%, tretinoin 0.01%) Topical Solution, for solar lentigines. Barrier Therapeutics has other product candidates in various stages of clinical development for the treatment of a range of dermatological conditions, including onychomycosis, psoriasis, acne, skin allergies, and acute fungal infections. The company is headquartered in Princeton, New Jersey and has a wholly-owned subsidiary in Geel, Belgium. More information about Barrier Therapeutics can be found on the company's Web site at www.barriertherapeutics.com.
BTRX News:
June 23 - Barrier Therapeutics to Merge Into Stiefel Laboratories
Stiefel Laboratories Inc., the world's largest independent pharmaceutical company specializing in dermatology, announced it has signed a definitive merger agreement, pursuant to which Stiefel Laboratories will acquire Barrier Therapeutics, Inc. ("Barrier Therapeutics") (NASDAQ: BTRX), through a two-step transaction, a tender offer followed by a merger of Barrier Therapeutics into a wholly-owned subsidiary of Stiefel Laboratories, at a price of $4.15 in cash, per share of Barrier Therapeutics' common stock. The transaction, valued at approximately $148 million, is subject to the valid tender of a majority of Barrier Therapeutics' fully diluted common stock, regulatory approvals and other customary conditions, but is not subject to any financing conditions. The price of $4.15 per share of Barrier Therapeutics' common stock represents a premium of approximately 73% to Barrier Therapeutics' average closing price for the past 30 days. The parties expect the transaction to close by the end of the third quarter of 2008.
The Board of Directors of Barrier Therapeutics has approved the definitive merger agreement and the transactions contemplated thereby and has resolved to recommend that Barrier Therapeutics' stockholders tender their shares in connection with the tender offer contemplated by the definitive merger agreement.
This acquisition underscores Stiefel Laboratories' continuing efforts to search for and develop premium-quality, innovative dermatology products and to focus on providing a superior customer experience in global therapeutic and aesthetic dermatology.
"This acquisition demonstrates our continued commitment to advancing the field of therapeutic dermatology," said Charles W. Stiefel, chairman and chief executive officer of Stiefel Laboratories. "We are very impressed with Barrier Therapeutics' innovative products and pipeline. This strategic move will further expand our oral and topical product portfolio in development and increase our sales of novel treatments for skin conditions."
Barrier Therapeutics currently markets three pharmaceutical products. In addition to these marketed products, the company has other product candidates in various stages of development for the treatment of a range of dermatological conditions.
"We are very proud of the accomplishments of the entire Barrier Therapeutics team since we were founded in 2002, and we are pleased that Stiefel Laboratories recognizes the value that we have created," said Al Altomari, chief executive officer of Barrier Therapeutics. "We believe that this transaction provides substantial value to our stockholders. We believe that Barrier Therapeutics' product portfolio and innovative R&D pipeline candidates are among the greatest assets in dermatology and will strengthen Stiefel Laboratories' position in the global dermatology market."
J.P. Morgan Securities Inc. is acting as exclusive financial advisor to Barrier Therapeutics, and Morgan, Lewis & Bockius, LLP is acting as Barrier Therapeutics' legal counsel in the transaction. Deutsche Bank Securities Inc. is acting as exclusive financial advisor to Stiefel Laboratories, and Willkie Farr & Gallagher LLP is acting as Stiefel Laboratories' legal counsel in the transaction.
ABOUT STIEFEL LABORATORIES, INC.
Founded in 1847, Stiefel Laboratories (a privately held company) is the world's largest independent pharmaceutical company specializing in dermatology. The company manufactures and markets a variety of prescription and non-prescription dermatological products. Some of the newest and best-known brands include Duac Topical Gel (clindamycin, 1% - benzoyl peroxide, 5%) available in the Duac Care System (CS); Evoclin (clindamycin phosphate) Foam, 1%; Luxiq (betamethasone valerate) Foam, 0.12%; MimyX Cream; Olux (clobetasol propionate) Foam, 0.05% and Olux-E (clobetasol propionate) Foam, 0.05% also available in the Olux / Olux-E COMPLETE PACK; Soriatane (acitretin) Capsules available in the Soriatane CK CONVENIENCE KIT; Verdeso (desonide) Foam, 0.05%; Brevoxyl -4 Creamy Wash (benzoyl peroxide 4%) and Brevoxyl -8 Creamy Wash (benzoyl peroxide 8%) packaged in the Brevoxyl Acne Wash Kit; Extina (ketoconazole) Foam, 2%; Oilatum Cleansing Bar; Physiogel Cream; Stieprox (ciclopirox olamine) Shampoo; REVALESKIN(TM) Skin Care Products; and Sarna Lotion. Its wholly-owned global network is comprised of more than 30 subsidiaries, manufacturing plants in six countries, research and development facilities on four continents, and products marketed in more than 100 countries around the world.
QUEST MINERALS & MINING CORPORATION (OTCBB: QMNM | Quote | Chart | News | PowerRating) "Up 55.80% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/QMNM.php
Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey.
QMNM News:
June 20 - Quest Minerals & Mining Announces Rapidly Approaching Production Phase
Quest Minerals & Mining Corp. (OTCBB: QMNM | Quote | Chart | News | PowerRating) (Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, announced that it is diligently working to conclude their final stages of rehabilitation so that they can move into full production. The company is currently preparing to mine its Pond Creek location, held under its wholly owned subsidiary, Gwenco, Inc.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I have spent many hours underground to ensure that we are mining as soon as possible. Despite some minor encounters related to equipment delays, our long awaited production phase is imminent. Pending any unaccountable obstacles, we expect to be ready for production within a week to two weeks. The company is eager to launch its $8 million contract fulfillment with Logan & Kanawha Co., LLC. We will provide continual updates as production incurs."
CLEARPOINT BUSINESS RESOURCES (NASDAQ: CPBR | Quote | Chart | News | PowerRating) "Up 87.60% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CPBR.php
ClearPoint Business Resources, Inc. ("ClearPoint") is a workforce management solutions provider to clients ranging from small businesses to Fortune 500 companies. ClearPoint's iLabor network is a proprietary technology-based platform that provides its clients with a comprehensive web-based portal to streamline the process involved in procurement and management of temporary labor. Orders placed by ClearPoint's clients are fulfilled through a network of ClearPoint-approved staffing vendors. The iLabor platform provides a virtual marketplace for the electronic procurement ("e-procurement") of temporary labor and provides the client with one contract and one contact point to order temporary labor on a national scale. iLabor is an on-demand e-procurement solution that is hosted by ClearPoint which eliminates the need for clients to install and maintain costly hardware and software applications. The client can access iLabor through standard Internet connections and web browsers, and is assigned access codes and account information, eliminating the need for time consuming and costly systems integrations. The iLabor platform provides real-time feedback on all posted positions and provides a centralized reporting mechanism for clients to review and monitor their spending on temporary labor on a national basis. The iLabor network is a technology-based procurement method that provides a low cost and easy alternative for ClearPoint's clients, as well as traditional staffing companies in the industry, to procure temporary labor through a large ClearPoint-approved staffing vendor network that has broad national coverage. The iLabor platform is a fully scalable product offering that can accommodate significant growth in transaction volumes for ClearPoint without significant increases to the Company's existing cost structure.
CPBR News:
June 20 - ClearPoint Announces $12Million of New Capital
ClearPoint Business Resources, Inc. (NASDAQ: CPBR), a provider of innovative workforce management solutions, announced it has obtained new capital of $12 million from ComVest Capital, LLC ("ComVest") in the form of a $9 million term loan (before an original issue discount of $1 million) and a $3 million revolving credit facility. In addition, our existing lenders have agreed to remain as financial partners with ClearPoint in a subordinated position to ComVest.
Mike Traina commented, "We are very pleased with the endorsement by ComVest of our iLabor business model. This is a significant step forward in providing the necessary working capital to accelerate the growth in iLabor and a key milestone in our transition from our legacy staffing business to our iLabor technology platform."
Mr. Traina added, "We believe the iLabor business model coupled with our new capital clearly positions us as the primary alternative to the vendor management (VMS) industry. The new capital provides us with the financial stability to expand our supplier network and attract new customers to solidify our position as a leader in helping companies manage their usage of temporary labor."
ABOUT COMVEST CAPITAL
The ComVest Group is a Private Equity firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of capital in over 200 public and private companies worldwide. Through its extensive financial resources and broad network of industry experts, ComVest is able to offer its companies total financial sponsorship, critical strategic support, and business development assistance. ComVest's focus is centered on building industry leading companies and creating long term value for equity holders.
SEAWAY VALLEY CAPITAL CORPORATION (OTCBB: SWVC | Quote | Chart | News | PowerRating) "Up 18.18% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SWVC.php
Seaway Valley Capital Corporation invests in equity, equity-related, and debt in companies that require expansion capital and in companies pursuing acquisition strategies. The company also seeks investments in leveraged buyouts and restructurings. It primarily focuses to invest in retail, restaurant, media, business services, and manufacturing industries. The company was founded in 2002. It was formerly known as GS Carbon Corporation and changed its name to Seaway Valley Capital Corporation in August 2007. Seaway Valley Capital Corporation is based in Gouverneur, New York. Seaway Valley Capital Corporation operates as a subsidiary of Seaway Capital, Inc.
SWVC News:
June 23 - Seaway Valley in Talks with Area Retailer
Company would closely complement current retail and consumer product holdings Seaway Valley Capital Corporation (OTCBB: SWVC | Quote | Chart | News | PowerRating) reported that it is currently in discussions with an area retailer for possible acquisition. The company, which has and has had locations in various northern and central New York markets, generated approximately $15.2 million in revenues and income before taxes of over $500,000 in calendar 2007.
Thomas Scozzafava, CEO of Seaway Valley, stated, "If this company is, indeed, acquired, Seaway would be getting with it a proven operator with track record of success." Mr. Scozzafava added, "Additionally, this particular business type would very much complement both Hackett's and certain business lines recently acquired in the North Country Hospitality deal. And although there is a desire to keep the details confidential at this juncture, hopefully we can release more definitive information shortly."
Patrick Hackett Hardware Company
Patrick Hackett Hardware Company ("Hackett's") (www.hackettsonline.com) is one of the nation's oldest retailers with roots dating back to 1830. Hackett's is a full line department store specializing in premium name brand merchandise and full service hardware. Hackett's, now with ten locations, features brand name clothing for men, women, and children, and a large selection of brand name athletic, casual, and work footwear. Hackett's also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hackett's full service True Value hardware department features traditional hardware, tool, plumbing, paint and electrical departments. Hackett's also owns and operates four RadioShack stores and at certain stores leases space to Payless ShoeSource.
Sackets Harbor Brewing Company
Sackets Harbor Brewing Company ("SHBC") develops, produces, and markets micro brewed beers such as the award winning "1812 Amber Ale" and "Railroad Red Ale" as well as "Thousand Island Pale Ale", "1812 Amber Ale Light" and "Independence Wheat" specialty beers. Its "1812 Amber Ale" is the company's flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship and has been aggressively marketed to command a significant retail presence in the regional market place. Management estimates 1812 Ale has an approximate 15% category market share within its primary distribution area and distributes keg and bottled beer to over 300 locations in northern New York. The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.
Sackets Harbor Brew Pub
The Sackets Harbor Brew Pub (the "Brew Pub") is an operating restaurant and bar that produces its own specialty beer on site while also offering fine dining. The Brew Pub offers six of its own brews on tap including each of its regionally sold beers such as 1812 Ale, Railroad Red, and Thousand Island Pale Ale as well as ever changing seasonal offerings.
Good Fello's Brick Oven Pizza and Wine Bar
Good Fello's Brick Oven Pizza and Wine Bar ("Good Fello's") is featured in charming interior of brick and wood and specializes in excellent-yet-affordable Italian food. The focal point of the restaurant is its large brick oven for cooking pizza, appetizers and special pasta entrees along a comfortable bar that offers a wide variety of wine and beer including Sackets Harbor Brewing Company selections. Good Fello's warmth and intimate atmosphere offers a unique setting rarely found in the marketplace for neighborhood Italian eateries.
Alteri Bakery
Alteri Bakery (www.alteribakery.com) has serviced the north country region with quality baked goods since 1971, when Querino and Ida Jane Alteri purchased the bakery, which is still operated by the founders' son, Mark. Alteri's is now located in a state of the art baking facility in the heart of Watertown's business district, and is one of the last traditional Italian bakeries in the area. Alteri's brings four generations of baking experience and over 80 years of serving northern N.Y. with the finest "true" Italian breads and specialty pastry items, such as cakes, cookies, muffins, bagels, and specialty gift baskets. Alteri's products can be found at local restaurants, grocery stores, schools, and its own store. In addition, Alteri's recently assumed the production of sub rolls for the entire Jreck Subs franchise chain of 47 locations, which alone includes approximately two million five hundred thousand rolls baked and shipped annually.
Jreck Subs Franchises
Seaway Valley owns and operates five Jreck Subs (www.jrecksubs.com) franchise locations in northern and central New York including Watertown, Clayton, Cape Vincent, Alexandra Bay, and Liverpool. The Jreck Subs Company was started in 1967 by five local entrepreneurs, and since then, Jreck Subs has grown to over forty-seven locations in northern and central New York. The Jreck Subs concept is quality foods at moderate prices. Jreck Subs have a variety of hot and cold sandwich choices, homemade style soups, and a children's menu.
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