Stockguru.com: Stocks to Watch for November 25, 2008 - CSBQ, WEGY, TDLP, ANPGE, ITEX, and MXOM

Nov 25, 2008 (M2 PRESSWIRE via COMTEX) -- WEGY | Quote | Chart | News | PowerRating -- Our Stocks to Watch today include : Cornerstone Bancshares Inc. (OTCBB: CSBQ), World Energy Solutions, Inc. (OTCBB: WEGY), Transdel Pharmaceuticals, Inc. (OTCBB: TDLP), Anpath Group, Inc. (OTCBB: ANPGE), ITEX Corp. (OTCBB: ITEX), and Mexoro Minerals Ltd. (OTCBB: MXOM)

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Cornerstone Bancshares Inc. (OTCBB: CSBQ | Quote | Chart | News | PowerRating) Shares traded up 4.35% at $6.00

Cornerstone Bancshares, Inc. operates as the holding company for Cornerstone Community Bank that provides various banking products and services. Its deposit products include time deposits, NOW accounts, money market and savings accounts, interest bearing and non-interest bearing accounts, and certificates of deposit. The bank?s lending portfolio comprises commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. As of December 31, 2007, it operated five full service branches in East Ridge, Hixson, Chattanooga, and Ooltewah, Tennessee; and two loan production offices in Dalton, Georgia, and Knoxville, Tennessee. Cornerstone Bancshares, through its other subsidiary, Eagle Financial, Inc., purchases accounts receivables from small businesses and commercial loan placement on a conduit basis. The company, formerly East Ridge Bancshares, Inc., was incorporated in 1983 and is based in Chattanooga, Tennessee.

CSBQ News Yesterday, Cornerstone Bancshares announced the record date and payment date of Cornerstone's quarterly dividend. The dividend $.07 a share will be issued to shareholders of record as of December 19, 2008, and will be paid January 5, 2009.

World Energy Solutions, Inc. (OTCBB: WEGY | Quote | Chart | News | PowerRating) Shares traded down 14.29% at $0.06

World Energy Solutions, Inc., doing business as World Energy Solutions, together with its subsidiaries, engages in the manufacture and sale of transient voltage surge suppressors and related products, and commercial and residential energy-saving equipment and applications to distributors and customers in the United States. It offers E-clips transient voltage surge suppressors that protect circuitry and electrical appliances from the effects of power surges. The company also engages in the development of energy-saving patents and concepts into marketable products, as well as the licensing of these patents for manufacture to companies. Its research and development projects include water hydrolysis separation systems; tankless hot water heaters; and PATI systems that use a process by which various biological and chemical impurities and contaminants are removed from air, leaving sterile air, and some harmless and inert residues. The company was founded in 1984 and is based in St. Petersburg, Florida.

WEGY News Yesterday, World Energy Solutions announced that it has received approval from Underwriters Laboratories (UL) for all models in its new range of Transient Voltage Surge Suppressors (TVSS). Ben Croxton, CEO of World Energy Solutions, said "This is an enormous milestone for the Company, and we have worked very hard to achieve this goal. Needless to say, UL approval is a critical element to the success of World Energy. We are proud to have their stamp of approval." Croxton continued, "We have completely re-designed and value-engineered our TVSS products to be more efficient, lighter, easier to install, more compact and capable of fitting into less accessible spaces. These products will help to expand the Company's position in the multi-billion dollar TVSS market."

Transdel Pharmaceuticals, Inc. (OTCBB: TDLP | Quote | Chart | News | PowerRating) Shares traded up 7.14% at $0.75

Transdel Pharmaceuticals, Inc., a development stage specialty pharmaceutical company, focuses on the development and commercialization of non-invasive topically delivered medications in the United States. The company?s lead topical drug candidate, Ketotransdel, utilizes its proprietary Transdel cream formulation to facilitate the passage of ketoprofen, a non-steroidal anti-inflammatory drug (NSAID), through the skin barrier to reach targeted underlying tissue where the drug exerts its localized anti-inflammatory and analgesic effect. The Ketotransdel, which has completed Phase 1/2 clinical study, is used for the treatment of acute pain and muscle soreness. It also investigates other drug candidates and treatments for transdermal delivery using the Transdel platform technology for products in pain management and other therapeutic areas. The company is headquartered in La Jolla, California.

TDLP News Yesterday, Transdel Pharmaceuticals announced that Mr. Lynn Swann has been appointed to the Company's Board of Directors. Mr. Swann is president of Swann, Inc., a consulting firm specializing in marketing and communications and managing director of Diamond Edge Capital Partners, LLC, a New York-based finance company. Mr. Swann currently serves on the Board of Directors of H.J. Heinz Company, Hershey Entertainment and Resorts Company and Harrah's Entertainment, Inc. He was also chairman of the President's Council on Physical Fitness and Sports from 2002-2005. A former all-pro wide receiver for the Pittsburgh Steelers and 2001 Hall of Famer, he spent twenty-nine years with ABC Sports as a sports analyst and broadcaster before retiring in 2006. Active in community affairs, Mr. Swann is national spokesman and former board president of Big Brothers and Sisters of America and former director of the Pittsburgh Ballet Theatre. Mr. Swann holds a B.A. degree in public relations from the University of Southern California. Dr. Juliet Singh, President and CEO of Transdel Pharmaceuticals, Inc., commented, "Over the course of his life in the public eye, Mr. Swann has proven himself to be a great leader both on and off the field. Transdel is extremely fortunate to strengthen its Board of Directors by adding an individual as experienced and accomplished as Mr. Swann. He is a tremendous addition to the Company's Board especially given his extensive and diverse business background and business affiliations. We are delighted to welcome him to the team and look forward to his contributions in growing Transdel and expanding the Company's business opportunities."

Anpath Group, Inc. (OTCBB: ANPGE | Quote | Chart | News | PowerRating) Shares stayed steady at $0.40

Anpath Group, Inc., through its wholly owned subsidiary EnviroSystems, Inc., produces cleaning and disinfecting products that it believes will help prevent the spread of infectious microorganisms while minimizing the harmful effects to people, equipment and the environment

ANPG News Yesterday, Anpath Group announced that The Company's wholly owned subsidiary, EnviroSystems was selected by Dover Saddlery, Inc. for its equine care product, EquineTru Skin & Hoof Treatment, for sale through its catalog, internet catalog and company-owned retail stores, beginning March 2009. Dover Saddlery, Inc. ( http://www.doversaddlery.com ) is the largest direct marketer of equestrian products in the United States, through catalogs, an on-line catalog and company-owned stores. Dover expects 2008 revenue to exceed $81 million. Anpath Group President & CEO, J. Lloyd Breedlove, stated, "Because of Dover's large distribution channel and sales volume, numerous manufacturers of equestrian products solicit selection of their products each year. We are excited that Dover's annual product review committee has chosen to distribute EquineTru ." Mr. Breedlove explained, "Dover has a long history of serving the equestrian community with high quality products and progressive customer care. In fact, Dover's website was named one of the Top 50 Retail Sites in 2006 and its customer-friendly characteristics provide a quick, easy and informed shopping experience. The distribution of EquineTru through Dover's channels makes EquineTru readily and easily available to a large customer base," concluded Breedlove.

ITEX Corp. (OTCBB: ITEX | Quote | Chart | News | PowerRating) Shares traded up 10% at $0.44

ITEX Corporation operates a marketplace for cashless business transactions in North America. It serves its member businesses through independent licensed brokers, and franchise network and corporate-owned prototype offices. The company?s business services and payment systems enable member businesses to trade goods and services without exchanging cash. ITEX Corporation administers the Marketplace and acts as a third-party record-keeper for its members transactions. It assists members in marketing their products and services through its broker network, newsletters, email, Web site, and other promotional means. The company was founded in 1901 and is headquartered in Bellevue, Washington.

ITEX News Yesterday, ITEX announced that the credit facility with its primary banking institution had been expanded. ITEX and U.S. Bank entered into an agreement to increase the maximum loan amount under its revolving credit facility from $1.0 million to $1.5 million, to lower the interest rate of the facility, to remove certain borrowing base limitations, and to extend the maturity date to November 30, 2009. Steven White, Chairman and CEO noted, "ITEX continues to position itself to take advantage of opportunities that may present themselves in the current chaotic financial and difficult business environment. Although there is currently no outstanding balance under this line of credit and we have no immediate plans to use it, we felt it prudent to increase our access to additional capital. We may use the line of credit to finance short term working capital requirements, initiate new revenue-generating projects or to pursue strategic opportunities." Timothy J. Flynn, Vice President of Commercial Banking for U.S. Bank, commented, "We are pleased with ITEX's continued financial performance and overall success during the last five years, and look forward to expanding our long-term relationship with ITEX Corporation."

Mexoro Minerals Ltd. (OTCBB: MXOM | Quote | Chart | News | PowerRating) Shares traded up 20% at $0.18

Mexoro Minerals Ltd. is an exploration company focused on exploring for precious metals in the traditionally mineral rich Sierra Madre region of Chihuahua, Mexico which controls three historical gold-silver mines for which additional exploration has confirmed significant mineral potential. Dana C. Durgin, M. Sc. Economic Geology has recently calculated an inferred mineralization of 14.86 million tons @ 2.12 g/t gold equivalent on the Cieneguita property. The Company also has claims on additional properties, in the state of Chihuahua.

MXOM News Yesterday, Mexoro Minerals announced that it has signed a letter of intent with Minera Rio Tinto to provide immediate funding to the Company to initiate production at its Cieneguita property, complete a feasibility study as well to continue the exploration of its properties. MRT is a private Mexican corporation with significant cash flow from its mining operations located in the state of Sinaloa and Chihuahua, Mexico. They state, "We are very excited about the prospects of the Cieneguita project and the capital we are committing should greatly enhance the value of Mexoro for all its shareholders. Obviously, we have lots of experience working with Mexoro and are looking forward to a long term relationship with them." Barry Quiroz, President, states, "The financing package that MRT is proposing is the best offer made over a number of other companies. The significant infusion of working capital should greatly enhance Mexoro's position to be able to complete on its business plan. We expect to have the infill drilling completed on the Cieneguita project by the end of the year allowing us to calculate a drill indicated reserve. Taking the company through to feasibility will be the next logical step in the development of the property. Also, once the property is in production, it should provide Mexoro with the necessary cash flow to maintain its exploration programs and increase its pipeline of additional attractive projects which have become available as a result of the current market conditions." Some terms of the final joint venture agreement between Mexoro and MRT will require the consent of Paramount Gold and Silver Corporation.

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