StockSource.us: OTCBB Penny Stock News Makers - NPHC, LIVC, CNBI, COWI
Posted on: Wed, 28 Jul 2010 10:10:39 EDT
Stocksource.us brings you all the Stocks in the News: Nutra Pharma Corporation (OTCBB: NPHC | PowerRating), Live Current Media Inc. (OTCBB: LIVC | PowerRating), China BCT Pharmacy Group Inc., (OTC Bulletin Board: CNBI), CoroWare Inc. (OTCBB: COWI | PowerRating)
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Nutra Pharma Corporation (OTCBB: NPHC)
CORAL SPRINGS, FL -- 07/28/10 -- Nutra Pharma Corporation (OTCBB: NPHC), a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), Multiple Sclerosis (MS) and Pain, announced today that it has received approval from the United States Patent and Trademark Office (USPTO) for its patent describing a method of treating and preventing infectious diseases, including colds, flu viruses, and bacterial and parasitic infections, using modified and detoxified cobra venom and neurotoxins.
The patent (US 7,758,894), titled "Modified elapid venoms as stimulators of the immune reaction," describes a method for treating and inhibiting infections by influenza viruses through the use of subcutaneous, intramuscular, or intravenous injections of therapeutically effective amounts of a detoxified and neurotropically active oxidized alpha cobratoxin or alpha-cobrotoxin protein. The patent continues by explaining clinical evidence supporting marked increases in the expression of genes associated with the production of gamma interferon through exposure to these detoxified proteins. Gamma interferon is considered a potent antiviral agent and regulator of the immune response.
"This patent represents an important addition to our intellectual property portfolio," commented Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. "As we continue our efforts developing antiviral therapies using proteins from cobra venom, this patent will provide important ongoing support and protection of our research and development projects," he explained.
Recently, Nutra Pharma, through its drug discovery subsidiary, ReceptoPharm, introduced its novel antiviral therapy, PEPTERON, at the International AIDS Conference in Vienna, Austria. PEPTERON is based on the Company's leading drug candidate using modified cobratoxin, RPI-MN, and has been shown to inhibit the entry of several viruses that are known to cause severe neurological damage in such diseases as encephalitis and HIV.
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Live Current Media Inc. (OTCBB:LIVC)
VANCOUVER--(July 28)-- Live Current Media Inc. (OTCBB:LIVC), an e-commerce company that owns and operates the luxury fragrance brand, www.perfume.com, as well as a portfolio of other domain names, today announced that it has appointed Mr. Paul Morrison as President and COO effective immediately. Mr. Morrison has also been appointed as CEO of Live Current's wholly owned subsidiary, Perfume.com Inc.
"The addition of Paul to the senior management of the Company accomplishes one of our key goals of bringing in experienced management with both on-line and perfume knowledge. We believe that Paul's prior experience with direct response and multi-channel online internet companies, as well as his time spent working for one of the major perfume brands, makes him an excellent fit for Live Current as we continue to implement our plan to grow our presence as a major on-line luxury perfume site and as an international media company." stated Geoffrey Hampson, CEO and Chairman of Live Current Media Inc. "Mr. Morrison intends to use his experience to drive new online growth, a key factor in creating real value with the Company's new luxury strategy. We believe that his experience in working on the brand side of the perfume business will assist perfume.com in building relationships with the key influencers in that industry."
Mr. Morrison will be focusing on implementing the current plan to transform perfume.com into an on-line luxury destination for perfume lovers. The Company plans to launch the new perfume luxury website in September 2010 and to implement the inventory and fulfillment strategy to support that plan. By leveraging his experience in on-line marketing, Mr. Morrison plans to drive increased traffic, improve conversion rates and develop a strategy to capture those organic searches seeking discounted perfume. The Company expects these changes to lead to increased sales and profit margins.
Mr. Morrison stated, "My plan is to execute and improve on the current Perfume.com Inc. business strategy of building a luxury perfume destination site. This allows Perfume.com Inc. to build brand equity as a premium gift site that is a portal for all perfume enthusiasts who want to send someone that special gift and be a part of the perfume community. I believe that the perfume.com domain name has enormous value with millions of focused visitors looking for one thing, perfume. We plan to make the consumer experience on perfume.com unlike anything available on the internet by including customized gifts with purchase, specialized purchase guides and advice. Our goal is for the user to perceive a prestigious, exciting and memorable site. In our efforts to increase our customer base, we also plan to market to our current customers by providing loyalty incentives and the chance to join an exclusive perfume club that will allow users to socialize with others who are passionate about perfume and to take advantage of unique offers."
Mr. Morrison further added, "I look forward to working with the perfume industry and informing them about the ways in which Live Current Media can market brand awareness and convey their message through the distribution of video and targeted content through television and the internet, and through contacts with our growing passionate customer base. In the near future I plan to use my experience and contacts to achieve marketing agreements, to find partners in the perfume and gift giving industry, to leverage our traffic, and build an affiliate program that will accelerate growth and build value for all stakeholders."
Mr. Morrison has more than 20 years of experience as an international and entrepreneurial executive, with a successful track record building and operating businesses in advertising and marketing services, new media (internet), retail and technology. He has worked in operations for large companies such as Calvin Klein Cosmetics, Wyeth Pharmaceutical, and Schering Plough Pharmaceutical. He has worked with startups at OmniReliant, acquiring assets and launching multiple multimedia platforms to build a vertical integrated structure to effectively market products.
Mr. Mark Melville, formerly the President of Live Current Media, Inc., has resigned that position, effective immediately but will remain with the Company until October 31, 2010 as previously announced, to assist with the transition.
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China BCT Pharmacy Group Inc., (OTC Bulletin Board: CNBI)
LIUZHOU CITY, GUANGXI PROVINCE, China, July 28 -- China BCT Pharmacy Group, Inc., (OTC Bulletin Board: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced that it has further expanded its retail network across Guangxi by opening 12 new retail pharmaceutical stores.
With an average size of 79.4 square meters, the new stores are located in highly populated and well attended locations, primarily in Liuzhou, Guilin, Nanning and Laibin cities. With a total expected capital investment of approximately $360,000, the average payback period of these stores is anticipated to be approximately 2.5 years. Management expects that these stores will generate approximately $2.2 million annually.
The stores will operate under the "Baicaotang" brand name and offer a diversified range of pharmaceutical products including nutraceuticals, cosmetics, Chinese herbal medicine and a limited number of the Company's private label pharmaceutical products. The Company has conducted comprehensive training to its staff in order to provide customers with accurate product information. So far, China BCT has attracted new recruits who possess professional knowledge related to the medical field.
Currently, the new stores are in their final stage of renovation and are expected to become fully operational by the end of July 2010. Management believes that the new stores will contribute approximately $930,000 to the Company's consolidated revenue in fiscal year 2010.
"In terms of retail footprint expansion, we deploy a two-pronged strategy which involves acquisitions and opening new stores," said Mr. Hui Tian Tang, Chairman and Chief Executive Officer of China BCT. "We believe this complementary approach is particularly effective. It enables us to establish our footprint in key locations by opening our own retail stores and allowing us to build upon existing sales of the stores we acquire by utilizing our renowned brand name."
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CoroWare Inc. (OTCBB:COWI)
REDMOND, Wash., July 28, 2010) -- CoroWare Technologies, a wholly owned subsidiary of CoroWare, Inc. (OTCBB:COWI), today announced availability of CoroWare NameTag, a software application that lets video conferencing users customize their webcam experience.
Business meeting attendees participating in a multi-person video conference call using Skype Beta 5.0 or CoroCall typically need to request and record the name and affiliation of everyone as they join the meeting.
Using CoroWare NameTag, attendees can identify themselves with their name, title and location, as well as their organization's logo, in a way that is easy to use and professional in appearance.
"As affordable multi-point video conferencing services - such as Skype Beta 5.0 and CoroCall - are used for day-to-day business, end-users are increasingly looking for solutions that enhance their meeting experience," said Josh Sherman, Telepresence Business Unit Manager. "Our early adopter release of CoroWare NameTag will give end-users the opportunity to provide feedback on the current release and participate in feature enhancement discussions with our product development team."
CoroWare NameTag is available today on Microsoft Windows XP, Windows Vista and Windows 7 desktop platforms. A 30 day free trial version can be downloaded for free by going to the following web link: http://www.coroware.com/nametag.
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For full details on (NPHC) NPHC. (NPHC) has Short Term PowerRatings at TradingMarkets. Details on (NPHC) Short Term PowerRatings is available at This Link.
For full details on (LIVC) LIVC. (LIVC) has Short Term PowerRatings at TradingMarkets. Details on (LIVC) Short Term PowerRatings is available at This Link.
For full details on (COWIE) COWIE. (COWIE) has Short Term PowerRatings at TradingMarkets. Details on (COWIE) Short Term PowerRatings is available at This Link.
For full details on (COWI) COWI. (COWI) has Short Term PowerRatings at TradingMarkets. Details on (COWI) Short Term PowerRatings is available at This Link.
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