InvestSource Inc.: Four-Time Super Bowl Champion and Former San Francisco 49ers Pro-Bowler Jesse Sapolu Joins Rudy Beverage Team

Jul 08, 2008 (M2 PRESSWIRE via COMTEX) -- TEVA | Quote | Chart | News | PowerRating -- Stocks in the News: Rudy Nutrition, Inc. (Other OTC: RUNU), Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA), Quicksilver Resources Inc. (NYSE: KWK), Canadian Solar Inc., (NASDAQ: CSIQ), Embraer (NYSE: ERJ) and Mechel OAO (NYSE: MTL)

Jul 7, 2008 -- Rudy Nutrition, Inc. (Other OTC: RUNU | Quote | Chart | News | PowerRating) is pleased to announce that four-time Super Bowl Champion and former San Francisco 49ers Pro-Bowl offensive lineman Jesse Sapolu has joined the Rudy Beverage team as a celebrity endorser. Known as a true gentleman and a NFL ironman of his time, Jesse Sapolu's inspiring story truly exemplifies the Rudy Beverage "Dream Big. Never Quit." philosophy. Banned from playing sports by his doctors at a young age, Jesse persisted to chase his dream and eventually became a professional football player for the San Francisco 49ers. Jesse has been quoted saying, "When I played, the biggest thing we had was the belief inside our heads that we would be able to overcome anything." His success in pursuing his dream and excelling in his sport earned him four Super Bowl rings, several Pro Bowl invitations, and 12 division titles while playing 15 seasons for the 49ers. He currently serves as their Alumni Coordinator. Jesse's football career was not without additional challenges. In late 1996, Jesse's heart condition worsened and his doctors recommended that Jesse choose one of two options: undergo a relatively new surgery called the Ross procedure or retire. Not being the type to ever quit, Jesse chose to have the procedure. The very next fall, Jesse hit the field with the 49ers once again to become the first player in NFL history to not only undergo open-heart surgery, but to return from such a procedure and play successfully. Executive Vice-President of Sales Ron Scharf commented: "His inspirational story of success makes him a perfect fit for the Rudy team to help us gain exposure and drive sales, particularly in Northern California and throughout the Pacific." Daniel "Rudy" Ruettiger, Founder and Chairman of Rudy Nutrition, commented: "Jesse Sapolu has the heart of a champion and we are proud to welcome him as the newest spokesperson for the beverage." Jesse will be making personal appearances, and be featured in marketing and promotional materials, and advertising campaigns on behalf of Rudy Beverage. In the coming weeks, more nationally recognized and respected sports personalities who embody the Rudy message of "Dream Big. Never Quit." will be announced.

July 7, 2008 -- Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) announced top-line results from a Phase III study designed to assess the efficacy, safety and tolerability of glatiramer acetate (GA) 40mg as compared to the approved COPAXONE 20mg in the treatment of relapsing-remitting multiple sclerosis (RRMS). The 40mg dose did not demonstrate increased efficacy in reducing the relapse rate; however, the higher dose maintained the favorable safety and tolerability profile of COPAXONE 20mg. Seventy-eight percent (78%) of COPAXONE 20mg treated patients remained relapse-free throughout the study. Moreover, patients that completed one year of treatment with COPAXONE 20mg experienced a very low annualized relapse rate of 0.27. This robust effect was also reflected in a remarkable reduction of inflammatory activity as measured by MRI.

July 7, 2008 -- Quicksilver Resources Inc. (NYSE: KWK | Quote | Chart | News | PowerRating) announced that it has entered into purchase and sale agreements with various private parties including Chief Resources LLC, Hillwood Oil & Gas, L.P. and Collins and Young, L.L.C. to acquire producing, leasehold, royalty and midstream assets, associated with the Barnett Shale formation in northern Tarrant and southern Denton counties of Texas, for $1.307 billion. The acquired properties currently have net production of approximately 45 million cubic feet (MMcf) per day. Quicksilver estimates that these properties contain more than one trillion cubic feet of recoverable natural gas resources net to the company including approximately 350 billion cubic feet (Bcf) of proved reserves, of which approximately 40% are proved developed, and more than 650 Bcf of additional resource potential on 13,000 net acres. Consideration in the transaction includes $1 billion in cash and $307 million in Quicksilver Resources common stock. Quicksilver expects to fund the cash portion of the transaction through a combination of a $700 million 30-month second-lien term loan facility, operating cash flow, and its existing credit facility. Quicksilver Resources' common stock issued in the transaction will be valued based on the volume weighted-average price for the 15 consecutive trading days immediately prior to the three trading days prior to closing the transaction. The acquisition is scheduled to close on August 8, 2008, subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the satisfaction or waiver of other customary closing conditions.

July 7, 2008 -- Canadian Solar Inc., (NASDAQ: CSIQ | Quote | Chart | News | PowerRating) announced it signed five new sales agreements in Italy and the Czech Republic in the past three weeks. The customers covered under these agreements are WSW in the Czech Republic, and Arco Energy, AC Service, Ravano Green Power and Albatec of Italy. The total volume of shipments for 2008 for the above mentioned new agreements totals 14.9 MW and reflects sales of CSI's regular module products. The sales will be realized in the second half of 2008 and are in addition to existing shipments to customers in Germany, Spain, USA, Korea and China. Based on current customer orders, market forecasts and supply contracts, CSI's preliminary estimates for the second half of 2008 consists of a geographic sales mix of approximately 60% to Germany, 15% to Spain and 7% to the USA. In addition, approximately 10% of sales for this period is expected to come from newly emerging markets in the rest of Europe. The remaining balance of approximately 8% sales is earmarked for South Korea and China.

July 7, 2008 -- Embraer (NYSE: ERJ | Quote | Chart | News | PowerRating) and the Indian Government have signed a deal for three EMB 145 AEW&C (Airborne Early Warning & Control) jets. The contract includes a comprehensive logistics package comprised of training, technical support, spare parts, and ground support equipment. The proven ERJ 145 platform, currently being used on Intelligence, Surveillance and Reconnaissance (ISR) missions in Brazil, Mexico and Greece, will join the AEW&C Program under the responsibility of India's Defence Research & Development Organization (DRDO). "Embraer is proud to have the Indian Government as a customer. Our relationship started in 2003 with the purchase of five Legacy aircraft for transporting public officials," said Luiz Carlos Aguiar, Embraer Executive Vice President, Defense and Government Market. "In our commitment to a long-term relationship with the Indian Government, we look forward to continue collaborating in strengthening the country's airborne operational capabilities."

July 7, 2008 -- Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel company, announced preliminary(1) financial results for the first quarter ended March 31, 2008. Consolidated net revenue in the first quarter of 2008 is expected to exceed $2.3 billion, an increase of more than 60% when compared with consolidated net revenue of $1.4 billion in the first quarter of 2007. Consolidated net income in the first quarter of 2008 is expected to be about $500 million, an increase of approximately 160% when compared with consolidated net income of $190 million in the first quarter of 2007. Consolidated gross profit is expected to exceed $1.0 billion, an increase of 97% when compared with gross profit of $545 million in the corresponding period of 2007, and consolidated operating income is expected to exceed $630 million, an increase of approximately 100% over consolidated operating income of $302 million in the first quarter of 2007. Consolidated EBITDA is expected to exceed $850 million for the first quarter of 2008 compared with consolidated EBITDA of $340 million in the first quarter of 2007. Consolidated EBITDA margin is expected to increase to over 36.5% in the first quarter of 2008 compared to 24% in the 2007 first quarter. Net debt to EBITDA ratio is expected to be approximately 1.45 in the first quarter of 2008 compared to 0.14 in the first quarter of 2007.

Stocks lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac. The market found only slight solace in retreating oil prices. San Francisco Federal Reserve President Janet Yellen said in a speech the financial markets remained fragile, and that it will take time for conditions to improve. "My expectation is that market functioning will improve markedly by 2009," she said. "But things could get worse before they get better." The comments added to concerns raised in a note by Lehman Brothers analysts that Fannie and Freddie may need to raise more capital as the credit crisis continues.

Worries about the ailing financial sector deflated a stock rally early in the day that had been fueled by a $4-a-barrel pullback in oil prices. The market managed, however, to rebound from its lows of the day, when the Dow sank to its worst level since mid-August of 2006. Some investors bought back into the market to take advantage of the low prices. "The market is so skittish and so scared that half the people believe that this is just another leg of the down market and the other half believes that we're forming a bottom," said Frank Ingarra, assistant portfolio manager at Hennessy Funds. According to preliminary calculations, the Dow fell 56.58, or 0.50 percent, to 11,231.96. Over the course of the day, the blue chips rallied, tumbled, rebounded, and then fell once more. The Dow dropped as low as 11,120.74 -- its lowest trading level since Aug. 15, 2006. Broader stock indicators also declined.

The Standard & Poor's 500 index fell 10.59, or 0.84 percent, to 1,252.31, and the Nasdaq composite index fell 2.06, or 0.09 percent, to 2,243.32.

The technology-dominated Nasdaq got a modest boost from Yahoo Inc., which rose $2.56, or 12 percent, to $23.91 after Microsoft Corp. expressed support for investor Carl Icahn's effort to oust Yahoo's board next month. Microsoft said a successful rebellion would encourage it to renew its takeover bid for Yahoo, or negotiate another deal. Volatility, as measured by the Chicago Board Options Exchange's volatility index, on Monday briefly hit its highest point since March, when worries about the financial markets peaked during the buyout of Bear Stearns Cos. "It indicates that there was more fear entering the market than there had been in previous weeks," said Todd Salamone, director of trading and vice president of research at Schaeffer's Investment Research.

Fannie Mae fell $3.04, or 16.2 percent, to $15.74 and Freddie Mac fell $2.59, or 17.9 percent, to $11.91, after Lehman Brothers analysts said new accounting rules could require Fannie to raise $46 billion more capital and Freddie to raise $29 billion. Citigroup Inc., JPMorgan Chase & Co., and Bank of America Corp. also saw their shares fall ahead of their earnings reports later this month. Citi fell 42 cents, or 2.5 percent, to $16.40; JPMorgan dropped $1.27, or 3.6 percent, to $34.04; and Bank of America fell 87 cents, or 3.9 percent to $21.53.

In addition to financials, Merck & Co. dragged on the Dow, falling $1.85, or 4.8 percent, to $36.60. A UBS analyst downgraded the drug maker, citing slowing sales of its HPV treatment Gardasil. Meanwhile, General Motors Corp. is considering cutting more white-collar jobs and getting rid of some brands, according to a person familiar the company's discussions. The person asked not to be identified because no decisions have been made. GM shares, which recently sank to all-time lows, rose 12 cents to $10.24. Investors haven't been as optimistic lately about the prospects for an economic recovery in the second half of 2008 as they once were.

The Dow has fallen the last three weeks while the Standard & Poor's 500 index and the Nasdaq composite index have logged five straight weeks of declines. With drops of more than 20 percent from their October highs, the Dow and the S&P 500 entered bear market territory last week as rising oil stirred inflation concerns. Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York, said some negative technical indicators on Thursday presaged the market's weakness Monday. Notably, there were no companies that set 52-week highs on the New York Stock Exchange on Thursday, Fullman said. "It's unusual to see a drop-off like that."

On Monday, the dollar traded mixed against other major currencies, while gold prices fell. Declining issues outnumbered advancers by more than 2 to 1 on the New York Stock Exchange, where volume came to 1.52 billion shares. The Russell 2000 index of smaller companies fell 7.52, or 1.13 percent, to 658.26. Light, sweet crude fell $3.92 to close at $141.37 a barrel on the New York Mercantile Exchange, after falling by more than $5 a barrel at times. The retreat did little to assuage fears about high energy prices, however. Wall Street, which has been hurtling stocks lower for the past few weeks, remains fearful that consumers are trimming their spending to pay for gasoline. With consumer spending accounting for more than two-thirds of U.S. economic activity, a pullback could create big ripples.

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