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Mantra Venture Group Ltd. (OTCBB: MVTG | Quote | Chart | News | PowerRating) Shares traded up 7.41% at $0.29
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.
MVTG News Thursday, Mantra Venture Group announced that the company is prepared for a substantial rise of interest in CleanTech and CO2 energy technologies as a result of the United States elections, and will vigorously pursue opportunities as they arise. "We've been building our business and technologies in a market that was already warming to our efforts," Kristof stated. "With a change in the American presidency and flux in the personnel of Congress, many pundits believe that alternative fuels and sustainability are likely to find greater application in the coming years. We're ready."
ECOtality, Inc. (OTCBB: ETLY | Quote | Chart | News | PowerRating) Shares traded up 80% at $0.09
ECOtality, Inc., through its subsidiaries, engages in the development and provision of renewable energy products and solutions for the creation, storage, and/or delivery of clean or renewable electric power. It offers Hydrality technology, a reactor system that stores and delivers hydrogen on-demand using magnesium compounds and water; renewable energy solar modules and thin-sealed rechargeable batteries for solar energy products and off-grid power; energy engineering services, such as hydrogen, solar, battery, coal gasification, and energy delivery infrastructure; eTec SuperCharge fast charge systems for electric vehicles; and Minit-Charger fast charge systems that allow material handling equipment to convert to electric power systems that can be charged conveniently. The company also offers industrial battery systems, solar panel, specialty solar solutions, specialty thin-sealed lead battery products, and third-party hydrogen and education related products, as well as proprietary solar products for consumer, emergency response programs, and remote power systems. Its fiberglass reinforced panel solar modules are used in logistics tracking, asset management systems, off-grid lighting, mobile communications, mobile computing, recreational vehicles, signaling devices, and surveillance cameras. In addition, the company provides consulting services on educational programs, as well as offers demonstration kits, educational materials, fuel cell systems, and component parts. Its solar-battery solutions are used for government, industrial, and consumer applications. The company, formerly Alchemy Enterprises, Ltd., was founded in 1999 and is headquartered in Scottsdale, Arizona.
ETLY News Thursday, ECOtality applauds President-elect Barack Obama on his comprehensive energy plan to confront our dependence upon foreign oil and build a clean energy future for America. ECOtality believes that throughout their campaigns, both presidential candidates vigorously promoted national agendas to advance clean energy and the adoption of electric transportation to alleviate America's dependence on foreign oil. According to President-elect Obama's website (www.barackobama.com), the Obama-Biden plan aims to "make the U.S. a leader on climate change" and to "put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015.
Pinnacle Energy Corp. (OTCBB: PENC | Quote | Chart | News | PowerRating) Shares traded up 7.27% at $1.18
Pinnacle Energy Corp. is an independent oil and gas producer focused on acquiring and developing mature oil & gas producing assets. Key assets of The Company include six wells located in Pawnee County, Oklahoma, USA, producing sweet crude oil and natural gas.
PENC News Thursday, Pinnacle Energy announced that the company has secured rights to additional acreage adjacent to the company's Glencoe Prospect in Pawnee County, Oklahoma, USA. Pinnacle has the option to participate in up to a 25% working interest in the new 2,000 acre field, named Peppercreek 1. The property lies adjacent to the productive Glencoe field, and the company believes that Peppercreek 1 extends the structural formation identified in the Glencoe property. Concurrent with operations on the existing Glencoe field, Pinnacle Energy plans to expand the current reserve report to include the newly acquired Peppercreek 1 acreage. This revised study should prove to increase the Company's probable and possible reserves while targeting additional drill sites. Drilling operations are expected to commence in 2009. With this acquisition, Pinnacle Energy has more than doubled its acreage position in the area, which has been consistently producing oil and gas for some time.
Akesis Pharmaceuticals, Inc. (OTCBB: AKES | Quote | Chart | News | PowerRating) Shares traded up 3.45% at $0.30
Akesis Pharmaceuticals has a pipeline of innovative oral product candidates for the treatment of diabetes. These product candidates are supported by issued and filed U.S. patents for both prescription and over-the-counter treatments that combine anti-diabetic trace minerals with certain classes of diabetes oral agents. Akesis' product candidates have demonstrated preliminary evidence of efficacy in lowering and controlling blood glucose levels in patients with Type 2 diabetes. Blood sugar control via oral drugs represents a market opportunity in the billions of dollars, as reports indicate that approximately 20 million people suffer from diabetes in the United States alone. Akesis Pharmaceuticals is also working aggressively to in-license preclinical and clinical stage assets in the broader setting of metabolic disease, including but not limited to obesity, osteoporosis, and muscle wasting.
AKES News Thursday, Akesis Pharmaceuticals announced it is broadening its business model to include the development of a wider range of specialty pharmaceuticals targeting metabolic diseases. As part of the new strategy the Company will look to in-license preclinical and clinical compounds in these disease settings. "This new strategic direction will provide more opportunities to build on the success of our AKP-020 program, a Type 2 diabetes drug candidate," said Carl LeBel, Ph.D., president and chief executive officer of Akesis. "Importantly, it leverages our background and core expertise in diabetes, obesity, osteoporosis, muscle wasting and other metabolic disorders. Akesis' management and scientific advisors, who have direct experience overseeing the clinical development and regulatory process of multi-stage programs in metabolic diseases, will work closely together as we evaluate potential assets to in-license."
Southwest Casino Corporation (OTCBB: SWCC | Quote | Chart | News | PowerRating) Shares traded up 7.69% at $0.14
Southwest Casino Corporation develops, owns, operates, manages and provides consulting services to casinos, gaming facilities and related amenities. Southwest owns and operates the Gold Rush Hotel and Casino and Gold Digger's Casino in Cripple Creek, Colorado. Southwest also provides consulting services to Palace Resorts in connection with the development of a casino at its luxury resort under construction in Punta Cana, Dominican Republic and has entered into an agreement to manage the casino after it opens in early 2009.
SWCC News Thursday, Southwest Casino announced that Colorado voters approved Amendment 50 to the State's Constitution on November 4, 2008. This amendment allows voters in Cripple Creek, Colorado, where Southwest operates the Gold Rush Hotel & Casino and Gold Digger's casino, to hold a referendum that may lead to expanded gaming opportunities in the City. Under the amendment, local voters can choose to increase the casino betting limit from $5 to $100, allow new games of craps and roulette, and allow casinos to remain open 24 hours per day.
China Energy Recovery, Inc. (OTCBB: CGYV | Quote | Chart | News | PowerRating) Shares traded down 5.95% at $1.74
China Energy Recovery is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Turkey, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services.
CGYV News Thursday, China Energy Recovery announced that it has executed contracts for designing and manufacturing the world's largest straw pulp alkali recovery system in alliance with CMIIC Engineering & Construction Corporation, one of China's largest industrial construction firms. The recovery system is a key part of the Shandong Hai River Basin Pollution Control Project sponsored by the Asian Development Bank. The total project cost is estimated to be RMB95 million (approximately US$13.9 million based on the exchange rate as of date of this press release date), of which RMB79 million (approximately US$11.6 million) represents the estimated cost for the alkali recovery system that CER will design and manufacture leveraging its own technology.
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