StandoutStocks.com: "Stocks that Standout" picks for today are: GGLBE, MMDA, SPNG, SWIR, XOMA

May 15, 2009 (M2 PRESSWIRE via COMTEX) -- XOMA | Quote | Chart | News | PowerRating -- StandoutStocks.com "Stocks that Standout" picks for today are: Green Globe International, Inc. (OTCBB: GGLBE), Mega Media Group, Inc., (OTCBB: MMDA), SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), Novavax, Inc. (NASDAQ: NVAX), XOMA Ltd. (NASDAQ: XOMA)...and Proudly Introducing Proprietary Push Technology (PPT).

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May 15, 2009 -- Green Globe International, Inc. (OTCBB: GGLBE), the worldwide owner of the Green Globe brand, today announced the signing of a partnership with Village Green Environmental Solutions, Australia, a leader in the field of emissions, water and waste auditing, to provide environmental certification for small businesses within the United States.

The partnership will assist U.S. small businesses to be internationally recognized by Green Globe, the pre-eminent symbol for sustainability and response to global climate change, for their efforts in assessing their carbon footprint via the Village Green online software tool.

Green Globe International is constantly updating its suite of online tools and has selected Village Green's technology to lead its business and community certification across the United States and into its other global destinations.

Village Green is providing the technical expertise supported by its own online reporting tool, known as IWASP. Both web and application based, this software has been used by Village Green to audit more than 3,000 businesses over the last eight years. It incorporates around 30,000 devices in its database to allow businesses and individuals to measure greenhouse gas emissions with ease.

Small business can go through an online portal to generate international standard environmental reporting, covering, energy, waste, water and transport use. Information is verified against workplace behavior and compared to their utility bills. The application results in a downloadable report and qualifies for undertaking Green Globe certification. Certification will assist state and local government to address community based energy efficiency by working with clusters of small businesses nationally.

"State and county representatives are now well placed to provide world's best practice in environmental reporting to their small business communities and realize an opportunity which meets the criteria and support of the recently announced Energy Efficiency Community Block Grants. The signing of this partnership will provide tremendous value to small businesses in the community by encouraging employment opportunities, reducing business operating costs and addressing climate change," said Doug Smith, CEO of Village Green Environmental Solutions Pty Ltd.

"Green Globe International requires its certified businesses to scientifically measure their performance in key areas of sustainability. The online system offered by Village Green far exceeds this performance measurement to now allow our clients to identify exactly which divisions of their company, as well as appliances and other equipment, that need immediate improvement," said Bradley Cox, Chief Operating Officer, Green Globe International Inc.

Mr. Cox added, "In our experience, businesses are keen to do whatever they can to reduce their impact on the environment as well as get their staff involved in this important contribution. Village Green provides the opportunity for these environmental strategies to be precisely planned for and budgeted. Business can achieve significant reductions in an economical and efficient manner."

Mr. Smith agreed, saying, "On a global scale, businesses are increasingly aware of their responsibility to positively impact climate change. This partnership adds value to the Village Green small business programs that counties are currently adopting throughout the United States. Now small business will not only have the tools to save money and reduce environmental impacts, they will have the opportunity to be recognized to an international standard, globally."

The Green Globe brand and program, which traces its roots back to the United Nations Rio de Janeiro Earth Summit in 1992, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development, has primarily been used in the travel and tourism industry but is now being expanded to include a growing number of environmentally responsible businesses in a variety of market sectors. The Green Globe brand is an ideal symbol for the world's increasing awareness of environmental responsibility and response to global climate change.

Current Green Globe programs managed by the company and its affiliates include world leading certification programs and the Green Globe Index tool, which allows clients to calculate their CO2e footprint, the financial cost of that CO2e, and to track their performance of energy and water consumption and non-recyclable waste production.

Green Globe International encourages all shareholders and others interested in following the progress of the company to subscribe to receive email alerts whenever new information is made public.

About Village Green Environmental Solutions Pty Ltd

Village Green is a leader in the field of emissions, water and waste auditing. Established in Victoria in 2002, the business has since worked with more than 3000 entities ranging from the corporate sector to local government. Village Green utilizes proprietary software reporting tools to assess energy usage and devise customer specific environmental solutions. The company creates and implements environmental sustainability practices saving businesses money and making important reductions in environmental impact.

About Green Globe International, Inc.

Green Globe International, Inc. is the worldwide owner of the Green Globe brand, which includes the leading sustainability certification and benchmarking programs, carbon footprint calculation and offset programs, and a broad range of consulting services. Green Globe International has been admitted as an affiliate member of the United Nations World Tourism Organization. The World Travel & Tourism Council (WTTC), the business leaders' forum for the travel and tourism industry, is a 5% common stock owner of Green Globe International.

May 14, 2009 -- Mega Media Group, Inc., (OTCBB: MMDA | Quote | Chart | News | PowerRating) announced that Pulse87 has been named the Official Radio Partner of the NYC Pride 2009. Pulse87 will be the exclusive radio partner involved with all the week's festivities to include The Rapture on the River on Saturday, June 27th, "The March" on Sunday, June 28th, Pridefest on Sunday, June 28th and culminating at the Dance on the Pier on Sunday, June 28th. The event attracts more than 2.5 Million revelers from all over the world for a weekend of celebration for the men and women who fought and still fight for gay rights.

Heritage of Pride, Inc. Managing Director Todd Emmett added, "This is a new era. We want to be associated with open-minded and forward-thinking organizations such as Pulse87. We aren't afraid of delivering our messages of acceptance and unity and Pulse87 isn't afraid to play the dance music we love and this city yearns for."

Val Portela, Pulse87's Marketing / Promotions Director, commented, "This is an amazing accomplishment for a radio station that is just over a year old. Having been able to achieve this alliance is something I'm really proud of. The organization is a powerful one and their members are one of our strongest audiences. We are proud to have brought back dance music to New York; a genre that is positive, uplifting and a staple in this proud community."

Commenting on the announcement, Alex Shvarts, CEO of Mega Media Group, stated, "We are extremely excited and honored to be the Official Radio Partner of an event with such a longstanding history in NYC. The challenges we have faced as a station true to our music are continually assured by the continuing support of the local organizations and events that are the fabric of New York. Having our brand in front of over 2.5 Million consumers celebrating their community is incredible and we thank Heritage of Pride, Inc. for the opportunity."

About Heritage of Pride

Heritage of Pride is wholly volunteer-managed non-partisan, tax-exempt, not-for-profit corporation that organizes Lesbian, Gay, Bisexual and Transgendered Pride events in New York City to commemorate and celebrate the Stonewall riots. These Events are organized for and on behalf of all lesbian, gay, bisexual and transgender individuals and groups, and all others who support the struggle for the liberation of these communities. In the spirit of Stonewall, Heritage of Pride welcomes the participation of all, regardless of age, creed, gender, gender identification, HIV status, national origin, physical, mental or developmental ability, race, religion or sexual origin.

About Mega Media Group

Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services.

May 15, 2009 -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTCBB: SPNG | Quote | Chart | News | PowerRating) is pleased to announce that the company has secured an additional $4.3 million in new orders this past week starting Sunday, May 10, 2009. To date for the month of May, the Company has received approximately $10 million in new orders. This demonstrates the degree to which the products have gained momentum in the marketplace and management continues to see strength in all aspects of the business. Included within this week's new orders are two to top retailers as first time customers. These two will give us footprints in major Supermarkets Chains and Membership Warehouse Clubs to follow up on the footprints we already have in Drug Stores and Auto Centers across America. Management anticipates that the Company will report record revenues and booked orders for the month of May.

SpongeTech(R) COO Steven Moskowitz said, "The Company is experiencing tremendous growth and most importantly, the products have been received by the marketplace. Our strong rate of re-orders in the US, in combination with the orders from our newly established retail and other accounts, have propelled the Company to record results for the first 15 days of May. Last year at this time we were in 500 doors. This year, exactly a year later, we are in over 25,000 doors between pet auto and children's products."

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM).

May 15, 2009 -- Sierra Wireless (NASDAQ: SWIR - TSX: SW), a leading provider of wireless solutions for mobile computing and machine-to-machine (M2M) communication, announced changes to the Sierra Wireless executive leadership team as well as certain cost reduction initiatives related to the integration of Wavecom with Sierra Wireless.

Changes to the executive leadership team are as follows:

Didier Dutronc, previously Chief Sales Officer at Wavecom, has been appointed Senior Vice President, Marketing and will be responsible for all marketing and product management activities globally for the combined company.

Philippe Guillemette, formerly Group Vice President of Marketing and Chief Technology Officer at Wavecom, becomes Senior Vice President, Advanced Technology. Philippe will drive advanced technology initiatives and long range product/solution strategy for Sierra Wireless.

Pierre Teyssier, formerly Chief Operating Officer at Wavecom, becomes Senior Vice President, Engineering with overall responsibility for global engineering and product development activities for the combined company.

Emmanuel Walckenaer continues in his current role as CEO of Anyware Technologies and is appointed Senior Vice President & General Manager, Solutions and Services. His focus will be on rapidly growing the solutions and services business of the combined company.

Didier, Philippe, Pierre and Emmanuel join the existing members of the executive leadership team: Jason Cohenour - President and Chief Executive Officer; Bill Dodson - Senior Vice President, Operations; Dan Schieler - Senior Vice President, Worldwide Sales; David McLennan - Chief Financial Officer; Jim Kirkpatrick - Chief Technology Officer and Andrew Berman - Senior Vice President & General Manager, Mobile and M2M.

Commensurate with these appointments, Anders Franzen, CEO of Wavecom's US subsidiary and Steve Blaine, Senior Vice President, Engineering at Sierra Wireless will both be leaving the company in September. Additionally, Herbert Scheitler, Vice President, Automotive at Wavecom is leaving the company effective immediately. The responsibilities of Anders, Steve and Herbert will be absorbed by remaining members of the Sierra Wireless team.

"These appointments represent an important step in the integration of Wavecom with Sierra Wireless," said Jason Cohenour, President and CEO. "Going forward, the combined company will be led by an experienced and truly international executive team. I am confident that this team, combined with our expanded product lineup and unmatched global capabilities, will help us to drive leadership in wireless solutions for mobile computing and M2M.

I would also like to sincerely thank Steve, Anders and Herbert for the leadership, hard work and energy they have provided in building Sierra Wireless and Wavecom into two great companies. I wish them great success in their future endeavors." Broader expense reduction initiatives are also underway. As part of the integration process, R&D and product development operations have been combined, and as a result, the Wavecom site in Research Triangle Park, NC will be closed. R&D activities from this location will be transitioned primarily to the Sierra Wireless location in Carlsbad, CA. The company expects a smooth transition and for the process to be completed by the end of the year.

As part of previously announced cost reduction initiatives, the staff reduction program in Wavecom's office in Issy-Les-Moulineaux near Paris, France has been completed. A total of 77 positions have been impacted. Of those employees affected, the majority will have left by the end of the second quarter, with the balance leaving throughout the second half of the year.

An update on the financial impact of these initiatives will be provided with Sierra Wireless' second quarter results in late July.

About Sierra Wireless

Sierra Wireless products connect people and machines to wireless networks around the world. We offer an advanced, comprehensive product line, addressing consumer, enterprise, original equipment manufacturer, and specialized vertical industry markets. We also offer a wide range of professional and operated services. Our solutions are used for mobile computing, transportation, industrial M2M (machine-to-machine), enterprise, residential and consumer communications applications.

May 15, 2009 -- XOMA Ltd. (NASDAQ: XOMA), a leader in the discovery and development of antibody therapeutics, today announced that it has entered into a definitive agreement with an institutional investor to sell 11,764,706 units, with each unit consisting of one of the Company's common shares and a warrant to purchase 0.50 of a common share, for gross proceeds of approximately $10 million, before deducting placement agent fees and estimated offering expenses, in a "registered direct" offering. The investor has agreed to purchase the units at a purchase price of $0.85 per unit. The warrants, which represent the right to acquire an aggregate of up to 5,882,353 common shares, will be exercisable at any time on or after May 15, 2009 and prior to the fifth anniversary of the closing of the transaction at an exercise price of $1.02 per share, which was 120% of the closing price of the Company's common shares on the Nasdaq Global Market on May 14, 2009. Canaccord Adams Inc. acted as placement agent for the offering.

The transaction is expected to close on or about May 20, 2009, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds of this offering to continue development of its XOMA 052 product candidate and for other working capital and general corporate purposes.

The securities described above are being offered by XOMA Ltd. pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About XOMA

XOMA discovers, develops and manufactures therapeutic antibody and other agents designed to treat inflammatory, autoimmune, infectious and oncological diseases. The Company's proprietary product pipeline includes XOMA 052, an anti-IL-1 beta antibody, and XOMA 3AB, a biodefense anti-botulism antibody candidate.

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