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Carlyle Gaming & Entertainment Ltd. (OTC: CGME | Quote | Chart | News | PowerRating) announced today that Management is currently focused on the completion of its audited financial statements as part of the process to become fully reporting and move to a higher level exchange to enhance its appeal to potential investors. The Company is also pursuing a Canadian listing and London Stock Exchange -- AIM listing. It is the opinion of management an enhanced US listing along with a Canadian and AIM listing will allow for the Company to have additional financing options if needed and increase its shareholder base.
CGME companies combine the talents of experienced casino operators, which have over 35 years experience in the industry, with software and hardware developers that have pioneered the online poker and casino revolution over the past decade. Strategic partnerships provide Carlyle Gaming companies with the ability to deliver new products to the market quickly where innovation can meet demand.
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Geron Corporation (Nasdaq:GERN), up 10% on 1 million shares, today announced that Thomas B. Okarma, Ph.D., M.D., president and chief executive officer, will present an update of the company's human embryonic stem cell development programs at 12:00 p.m. ET on Wednesday, November 12, 2008, at the Rodman & Renshaw Annual Global Investment Conference in New York City.
Fossil, Inc. (Nasdaq:FOSL), up 2% on 1 million shares, today reported third quarter net sales and earnings for the thirteen-week and thirty-nine week periods ended October 4, 2008. Mike Kovar, Executive Vice President and Chief Financial Officer stated, "Our strong Third Quarter results reflect the success of our key initiatives to grow our Fossil brand, increase our international presence and expand our direct-to-consumer segment. Sales growth was broad-based across all of our operating segments and businesses. In addition, we continued to experience positive retail store comps within our accessory and outlet store concepts despite challenging economic conditions. Our balance sheet remains strong with $125 million in cash at quarter end and we have no outstanding borrowings under our U.S. revolving credit facility. The Company's strong cash flow also allowed it to utilize $110 million of cash to repurchase approximately 3.4 million shares over the last twelve months."
ImClone Systems Incorporated (NASDAQ: IMCL), up 1% on 1 million shares, a global leader in the development and commercialization of novel antibodies to treat cancer, today announced that its disease-directed Phase 2 clinical trial of IMC-1121B in combination with paclitaxel and carboplatin as first-line therapy in advanced non-small cell lung cancer (NSCLC) has opened for patient enrollment. IMC-1121B is ImClone's proprietary fully human, IgG1 anti-vascular growth factor receptor-2 (VEGFR-2) monoclonal antibody.
Tessera Technologies, Inc. (Nasdaq:TSRA), up 4% on 1 million shares, announced today that Q Technology Limited (Qtech) has licensed Tessera's SHELLCASE MVP image sensor packaging technology. The market continues to demand smaller form factor packages with enhanced reliability and lower cost for image sensor packaging. Tessera's SHELLCASE wafer-level chip-scale packaging (WLCSP) includes the latest advancements in image sensor packaging technology and delivers a highly reliable manufacturing solution for image sensors used in next-generation mobile devices including cell phones and PDAs.
China Precision Steel (Nasdaq: CPSL), up 1% on .8 million shares, a niche precision steel processing Company principally engaged in producing and selling high precision cold-rolled steel products, announced today its fiscal 2009 first quarter results for the period ended September 30, 2008. 'Despite the global economic slowdown which resulted in reduced demand from manufacturers for auto components, we remain optimistic about our market position,' commented Dr. Wo Hing Li, China Precision Steel's Chairman and CEO. 'We believe that our competitive pricing and service is attracting manufacturers who are looking to reduce production costs. We continue negotiating new contacts with manufacturers who are switching from higher cost imports. However, the lead time for developing new customers' products can range from six months to over a year, depending on the complexity of the products.'
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All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP has been compensated three million seven hundred and fifty thousand shares for CGME. CRGP intends to sell its shares. CRGP and its web site are operated under a license from Capital Research Group, Inc., TheSUBWAY.com Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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