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LANTIS LASER INCORPORATED (OTC: LLSR)
Detailed Quote: http://www.otcpicks.com/quotes/LLSR.php
Company Profile: http://www.otcpicks.com/lantis-laser/lantis-laser-2.htm
Lantis Laser was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 development, moving through beta systems, product development and application for FDA clearance and plans to launch the OCT Dental Imaging System in the first quarter of 2009. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive); LightLab Imaging (non-exclusive) and AXSUN (exclusive). To find out more about Lantis Laser, visit www.lantislaser.com.
LLSR News:
June 26 - Lantis Laser's Dental Diagnostic Imaging System Can Address ADA's Recommendations for Placement of Sealants
Lantis Laser Inc. (OTC:LLSR) (www.lantislaser.com), wishes to draw attention to new, recently introduced, clinical recommendations from the American Dental Association Council on Scientific Affairs to assist clinicians in their decision-making process, for the use of composite plastic sealants over very early decay on the occlusal biting surface of teeth in children, adolescents and young adults to stop the disease from progressing.
"Placing sealants on the biting surfaces can stop early decay that is still in the enamel from progressing," pointed out Dr. Craig Gimbel, Executive Vice President of Clinical Affairs for Lantis Laser. "This article mentions that the clinician may be uncomfortable to make the decision to place a sealant because of unavailable adequate diagnostic tools for diagnosis and monitoring to ascertain if the sealant will be placed on top of existing decay in the enamel."
Dr. Gimbel went on to emphasize that, "Presently, the only accepted way to ascertain if decay is present is by recognition of tooth surface color changes, which can be misinterpreted as stains or defects instead of decay or possibly decay when it didn't exist at all." It is well documented that x-rays do not generally have the ability to image very early decay, which is important for the success of this procedure.
It is important to note that the ADA states that clinicians should not obtain radiographs for the sole purpose of placing sealants and should consult the ADA/U.S. Food and Drug Administration guidelines regarding selection criteria for dental radiographs which places limitations due to risk of radiation.
Lantis' OCT (Optical Coherence Tomography) Diagnostic Imaging System(tm) will assist the clinician in making an evidence-based decision to place the sealant because of its ability to image early decay and subsurface enamel changes which is indicative of the demineralization, the first stage in the process of decay.
In addition, it will enable the dentist to monitor the sealed tooth surface area in order to determine that this non surgical method of arresting the decay has been effective. Clinical studies have shown that Lantis' OCT Diagnostic Imaging System is the only dedicated dental imaging system that can provide evidence for early decay demineralization and then follow the process of remineralizing as the bacteria die under the placed sealant, all without the risk of radiation. The placement of sealants will enable patients to possibly avoid invasive dental procedures, such as fillings, that are associated with later stage decay.
Lantis' OCT Dental Imaging System is based on novel light-based, bio-medical imaging technology, Optical Coherence Tomography, that enables the dentist to do diagnostic imaging, chairside and in real-time. As the power source is light-based, unlike x-ray there is no harmful radiation. Images can be captured at a resolution of up to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.
COPPER KING MINING CORPORATION (OTC: CPRK)
Detailed Quote: www.otcpicks.com/quotes/CPRK.php
Company Profile: www.otcpicks.com/copper-king-mining/copper-king-mining.htm
Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.
CPRK News:
June 26 - Copper King Mining Corporation Provides Mining Updates
Copper King Mining Corporation (OTC: CPRK), an ore mining, processing and exploration company located in southern Utah, provided updates concerning its mining operations at the Hidden Treasure open pit near Milford, Utah.
Copper King commenced stripping the waste rock from its "Hidden Treasure Copper Skarn Ore Body" in June of 2007, removing approximately 2.2 million tons of such waste rock by drilling, blasting and excavation. Removal of the waste rock revealed the presence of some extreme unexpected and unknown high grade copper and silver ores, such as the important copper ore mineral bornite, the beautiful crystal covellite, and the high yielding copper ore cuprite. For example, two samples from the ore zone showed the following:
Sample #1 (44.6% copper, Ag 19.26 oz.) Sample #2 (51.0% copper, Ag 28.00 oz.)
Sample #1 represents 892 pounds of copper per ton of ore, compared to the expected grade of 1.8% copper or 36 pounds of copper per ton of ore. Sample #2 represents 1,020 pounds of copper per ton. The company believes that these samples may represent shoots or veins that occur between the drill holes on 50 foot centers. It is presently unknown how many tons of ore are available. However, even a small tonnage of these materials may substantially increase the pounds of available copper, the ounces of silver and the grade of the concentrate, all of which augment the value of the company's mining holdings and increase shareholder value.
ENZYME ENVIRONMENTAL SOLUTIONS (OTC: EESO | Quote | Chart | News | PowerRating) "Up 37.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EESO.php
Enzyme Environmental Solutions is a U.S.-based manufacturer of industrial and agricultural enzyme products. All manufacturing, testing, and formulating are conducted in its manufacturing plant, located in Fort Wayne, Indiana. EESO strives to become a leader in ecological friendly or "green products" targeting the industrial and agricultural markets. It is the company's goal to have the best performing products on the market in each industry. Developing a growing and satisfied customer base is its number one marketing strategy.
EESO News:
June 27 - Enzyme Environmental Solutions Enters Into a Letter of Intent for the Sale of GC2000
Enzyme Environmental Solutions Inc. (OTC: EESO | Quote | Chart | News | PowerRating) CEO Jared Hochstedler announced that the company has entered into a letter of intent with VESCOR, Inc. giving VESCOR, Inc., 60 days to complete the final sale of GC2000.
Hochstedler commented, "This letter of intent has been signed with VESCOR, Inc. to purchase the GC2000 process. A sizable down payment accompanied the signing. This process will be used in the scrap industry to separate hydrocarbons from auto residue, also known as 'fluff.' VESCOR, Inc., as announced in a press release on June 24, 2008, entered into an exclusive agreement with Integrated Building Engineering & Architectural Management, Inc. (IBEAM) to design and build the extraction facilities."
John Modezjewski, President of VESCOR, stated, "This process has tremendous potential for the scrap yard industry. Not only will companies that process scrap material be able to increase profits by reducing waste, we may actually be able to mine material out of existing landfills. You can't get any more green than that. I am looking forward to our relationship with EESO as we continue to capitalize on this new technology. Jared is just a delight to work with as he lives his conviction to create sustainable products."
Tim Gerig, President of IBEAM, Inc., commented, "This is an exciting opportunity for our company. We are confident demand for the GC2000 product will continue to rise as more and more companies invest in the technology. This is just the beginning. IBEAM plans on adding 30 new high-tech jobs in Fort Wayne over the next 2 years."
"The development of GC2000 project has been a major focus for our company. In addition to building up raw material inventory, purchasing equipment and payroll, there has been a great amount of resources dedicated to advancing the GC2000 project to this point in such a short period of time. The preparation of architectural drawings and the final laboratory testing has been expensive. I anticipate wrapping up final terms with VESCOR by the middle of July. The GC2000 is a multimillion-dollar process that has the potential of being in every scrap yard throughout the world within the next two years. With VESCOR and IBEAM involved I have no doubt we will be able to bring GC2000 to market in huge way," concluded Hochstedler.
INDEPENDENT BANK CORPORATION (NASDAQ: IBCP | Quote | Chart | News | PowerRating) "Up 17.76% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IBCP.php
Independent Bank Corporation (NASDAQ: IBCP | Quote | Chart | News | PowerRating) is a Michigan-based bank holding company with total assets of over $3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation now operates over 100 offices across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and title services. Payment plans to purchase vehicle service contracts are also available through Mepco Finance Corporation, a wholly owned subsidiary of Independent Bank. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves. For more information, visit www.ibcp.com.
IBCP News:
June 26 - Independent Bank Corporation Announces Cash Dividend and Outlook for Second Quarter 2008 Results
Independent Bank Corporation (NASDAQ: IBCP), a Michigan-based bank holding company, announced that its Board of Directors approved a quarterly dividend of $0.01 per share on the Company's common stock. The dividend will be payable on July 31, 2008 to all shareholders of record as of July 7, 2008.
As previously disclosed, the Company stated that it would consider a number of internal and external factors in determining the amount of its quarterly dividends. The current dividend reduction is intended to preserve capital and avoid the need to access the capital markets for equity. It also reflects the prevailing unsettled current market environment and continued weak economic conditions in Michigan, which have resulted in elevated credit costs. The Company noted it has four issues of trust-preferred securities outstanding, including a $50.6 million issue that is publicly traded on the NASDAQ. The Company has no intention to modify or discontinue the payment of quarterly dividends on any of its trust-preferred securities.
The Company also announced several items related to its second quarter 2008 outlook:
* Independent Bank remains well capitalized. Capital ratios are generally expected to rise at June 30, 2008 as earnings are anticipated to exceed the reduced dividend.
* Given the reduced dividend level, anticipated earnings, and efforts to reduce total assets to further improve capital ratios, the Company's Board of Directors does not presently expect to raise additional capital through any type of equity offering.
* Second quarter 2008 earnings are expected to range between $0.09 and $0.12 per share. This earnings range is based on an expected loan-loss provision of approximately $13 million and $1.2 million in charge-offs of other real estate. Offsetting the elevated credit costs are expected increases in net interest income and non-interest income.
* The Company remains intensely focused on improving asset quality. Total non-performing assets are expected to rise to between $130 million to $145 million at June 30, 2008. The majority of the increase from March 31, 2008 levels are due to loans that were already in watch credit status.
Michael M. Magee, President and CEO of Independent Bank Corporation, commented: "The decision to further reduce the common stock cash dividend was very difficult. However, further improving our capital ratios will better position the Company to weather the difficult economic and credit environment. We are also encouraged by the strength of our earnings before loan losses and taxes, which is allowing the Company to absorb these elevated credit costs."
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