Friday, June 8, 2012
Bio-Matrix Scientific Group, Inc. Announces Newly Formed Stem Cell Subsidiary -- Regen BioPharma Inc., Secures $20,000,000 in Institutional Funding
Southridge Partners to Provide $20 Million in Funding for the Rapid Commercialization of Stem Cell Therapies
SAN DIEGO, CA--(Marketwire - Apr 30, 2012) - Bio-Matrix Scientific Group, Inc. (OTCQB: BMSN) (PINKSHEETS: BMSN) announced today it has formed a new subsidiary, Regen BioPharma, Inc. Regen BioPharma has developed a vertically-integrated structure for acquiring patents, performing accelerating preclinical and clinical development, and licensing or selling technology developed to large pharma companies in the area of stem cells.
To date, Regen BioPharma has reviewed more than 20,000 US issued patents covering stem cell related subject matter, created a shortlist of 30 promising technologies for rapid commercialization, and currently is in negotiations to license several of these. Once the technology is secured, the Company anticipates partnering with industry leading scientists, physicians, and service providers to complete the Investigational New Drug (IND)-enabling work and begin clinical trials.
"In biotechnology in general, and specifically in the area of regenerative medicine, the biggest value creation occurs for shareholders when a company files an IND and obtains human data that provides proof of safety and efficacy," said David R. Koos, Chairman and Chief Executive Officer of Bio-Matrix. "We are assembling the team and capabilities to in-license and evaluate technologies rapidly, then to develop the regulatory package and initiate clinical trials. Our business model and partnerships will allow us to take cell therapy products from discovery to FDA Phase II clinical trials in as short a period as 18 - 24 months."
The Company also announced that it has secured $20,000,000 in financing from Southridge Partners II, LP of Ridgefield, Connecticut.
This agreement grants the Company the option to sell and obligates Southridge to purchase up to $20,000,000 of common stock over its term. The per share price will be determined based on market prices in accordance with an agreed upon formula and the Company is not obligated to draw on the facility.
The Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission to register the resale by Southridge of any shares issued to it under the agreement. Subject to the effectiveness of the registration statement and the satisfaction of other customary conditions, the Company may draw on the facility from time to time, as and when it determines appropriate, in accordance with the timing and volume provisions set forth in the agreement.
A spokesperson for the Company noted that Its investment banker, Christopher Schufeldt of Capital Path Securities was instrumental in arranging the funding agreement with Southridge Partners II LP.
About Bio-Matrix Scientific Group, Inc.:
Bio-Matrix Scientific Group, Inc. (OTCQB: BMSN) (PINKSHEETS: BMSN) is a biotechnology company focused on the development of regenerative medicine therapies and tools. The Company is specifically focused on human therapies that address unmet medical needs. Specifically, Bio-Matrix Scientific Group Inc. is looking to increase the quality of life through therapies involving stem cell treatments. These treatments are focused in areas relating to lung, heart, circulatory system and other internal organs.
Through Its wholly owned subsidiary, Regen BioPharma, it is the Company's goal to develop translational medicine platforms for the rapid commercialization of stem cell therapies. The Company is looking to use these translational medicine platforms to advance intellectual property licensed from entities, institutions and universities that show promise towards fulfilling the Company's goal of increased quality of life.
Areas of interest to the Company include:
This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
|Last Updated ( Monday, 30 April 2012 14:04 )|
FDMF.PK Secures $800,000 Investment Commitment
Brian Kistler stated, "As we continue to grow and diversify our interests, Kodiak is the perfect partner for Freedom Energy Holdings as we continue to make inroads into the most suited markets for the deployment of our proprietary technologies KC 9000® and Patent Pending SR-139."
Ryan Hodson, Managing Director, Kodiak Capital Group, LLC, commented, "Freedom Energy is a perfect match for our interest in the oil and gas industry as well as the renewable energy. We are especially interested in the SR-139 process for the recovery of the hydrocarbons from the over 11 million tons of asphalt shingles disposed annually. The potential market for Patent Pending SR-139 is very exciting and we at Kodiak see the advantages of making this sizable commitment into Freedom under Mr. Kistler's direction."
Kistler continued, "With assistance from Kodiak I will be able to start the development and creation of the mechanical process that will allow us to recover the over 2 million tons of hydrocarbons being thrown away each year in landfills. I am thankful for their confidence and the guidance I have received from DME. With this team in place we will no longer be captivated by the inability of others to perform."
"Further, I am happy to report that the KC 9000® shipped to the Middle East has been cleared through customs and is in the control of our agent. Bench tests have begun and even though there have been delays, all is on track and I look forward to bringing further updates as they are made available," concluded Kistler.
ABOUT KODIAK CAPITAL GROUP, LLC
Kodiak is an institutional investor headquartered in Newport Beach, CA. Kodiak's experienced professionals manage a portfolio of investments in public and private entities. These investments are in a wide range of companies and industries emphasizing life sciences, energy and technology. Kodiak's investments range from multiyear financial commitments to fund growth to special situation financings to long-term strategic capital offering companies certainty, flexibility and consistency. For more information, visit www.kodiak-capital.com
ABOUT DME SECURITIES, LLC
DME SECURITIES, LLC, headquartered in New York, is a member of the New York Stock Exchange, National Association of Securities Dealers, Financial Industry Regulatory Authority, and the Securities Investor Protection Corporation. DME is a full service financial firm providing comprehensive financial advice and superior service to the individual and institutional investors and serves clients through a network of professionals.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. Recent research has developed and shown SR-139 to be effective at breaking down asphalt shingles allowing the recovery of hydrocarbons.
FORWARD LOOKING STATEMENT
This press release contains certain "forward‐looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact: Brian Kistler CEO, 260-490-9990
Freedom Energy Holdings, Inc.
DME Capital LLC
SOURCE Freedom Energy Holdings, Inc.
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Wednesday, June 6, 2012
Canwealth Minerals Corporation Enters into Letter of Intent for Proposed Merger with USG1, Inc.
NEW YORK and MONTREAL, June 6, 2012 /PRNewswire/ - Canwealth Minerals Corporation "Canwealth" and majority shareholder, ICBS Ltd., (OTCPK: ICBT), announced today that it has signed a letter of intent for a business combination or merger with USG1, Inc. "USG1"
Representatives from ICBS and Canwealth have engaged in actively seeking a public U.S. company for a reverse merger. The merger would allow Canwealth to become a publicly traded company within a relatively short time. An initial IPO was ruled out because of the lengthy and expensive process prior to being able to trade its stock. A reverse merger could see Canwealth trading within 30-60 days after the completion of the reverse merger.
USG1 is a public, blank check company, as defined by the U.S. Securities and Exchange Commission, with no prior trading history. The specifics of the merger are still being discussed and cannot be disclosed at this time, but both parties intend to consummate the deal as quickly as possible. USG1 CEO Kimi Royer: "We are excited about the opportunity to help launch Canwealth into a successful public company, and believe Canwealth has an enormous future with their current mineral claims."
Closing of the merger will be subject to satisfactory due diligence by both companies, as well as any necessary third-party, shareholder and government consent.
Canwealth Minerals Corporation - is a mineral exploration and mining company actively searching for gold, silver, PGE, base metal and REE mineral deposits in Quebec. At the present time the company holds 9 Mining properties (268 Claim cells) in Northern Quebec's Abitibi region and the James Bay basin including addition exploration camps in South Western Quebec for a total of 38,573 acres under management and is 100% owned by Canwealth Minerals Corp. Canwealth will require development funding for equipment and labor which could top three million dollars over the next two years.
ICBS Limited is a 51% shareholder in Canwealth Minerals Corp.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.
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These Stocks Shine as the Market Stumbles: U.S. Energy Initiatives Corp. (PINKSHEETS: USEI), AGR Tools Inc. (OTCBB: AGRT), Organovo Holdings Inc. (OTCBB: ONVO), Synacor Inc. (NASDAQ: SYNC)
These Stocks Shine as the Market Stumbles: U.S. Energy Initiatives Corp. (PINKSHEETS: USEI), AGR Tools Inc. (OTCBB: AGRT), Organovo Holdings Inc. (OTCBB: ONVO), Synacor Inc. (NASDAQ: SYNC)
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Equities Awareness Group LLC
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Mobile Stock Picks specializes in identifying companies with ground breaking news or stocks ripe for a technical breakout before anyone else, and today announces four stocks that have shined while the general market has stumbled:
- U.S. Energy Initiatives Corp. (PINKSHEETS: USEI)
- Organovo Holdings Inc. (OTCBB: ONVO)
- AGR Tools Inc. (OTCBB: AGRT)
- Synacor Inc. (NASDAQ: SYNC)
Breaking News Alert: U.S. Energy Initiatives Corp. (PINKSHEETS: USEI) Enters Joint Venture for Sale of Alternative Fuel. U.S. Energy (PINKSHEETS: USEI) announced today that it has entered a Joint Venture with BulovaTech Labs, Inc., a private company located in Austin, Texas, and Silicon Valley, California ("Bulova"), to distribute a fuel product designed to replace the current formulation of gasoline. The proprietary patent pending gasoline replacement product was developed by Bulova over several years. The product, A Universal Fuel™, is an enhanced energy feedstock blended with methanol and gasoline commanding an industry setting 96 Octane which is higher than any commercially available non-racing fuel. The product is sold under the brand Singular 96™.
The initial delivery of the fuel occurred on May 25, 2012. Approximately, 800 vehicles were fueled with Singular 96™. The price for this premium grade 96 Octane fuel was seven (7) cents a gallon, below the local prevailing price for regular grade 87 Octane gasoline.
According to Anthony Miller, U.S. Energy (PINKSHEETS: USEI) CEO, "This relationship is a logical progression for our company, because it fits with our core business goals and objectives. This venture will provide Immediate and Significant revenue for us. This retail commodity has tremendous demand currently, which should generate continued sales year after year."
Technical Alert: Organovo Holdings Inc. (OTCBB: ONVO) gains 100% in 15 days! Andrew Bowden, a Seeking Alpha contributing author, initiated a long position in Organovo (OTCBB: ONVO) and explained why he believes it to be a great buy at current levels.
"Organovo (OTCBB: ONVO), a new biotech 3D printing company only a few years old. It will blow your mind learning about their innovative 3D bio printers (if you haven't heard about them yet.) Organovo's (OTCBB: ONVO) primary focus is to be able to create organs that are viable for organ transplants, as soon as possible. The company has made strides in scientific innovation every year; recently being praised for their innovative product by Popular Sciencemagazine and other similar publications.
"Currently the company generates revenue by creating skin tissue and selling them to pharmaceutical companies so they can test trial drugs for toxicology and other side effects. They have already formed a partnership with Pfizer to supply them with experimental samples for their research.
"Other pharmacy companies will soon begin to use their tissues for their own experiments. Another revenue stream that is still being capitalized on is licensing their equipment and technology to schools like Harvard Medical School. Since the stock's IPO in February, the stock has grown from $1.27 to $4.10 and is continuing to grow regardless of economic woes."
Breaking News Alert: AGR Tools Inc. (OTCBB: AGRT) Issues Guidance on Pending Acquisition. AGR Tools (OTCBB: AGRT) is pleased to announce that, subsequent to all material terms including the obtaining of a title opinion confirming the terms of the lease that is acceptable to counsel, being met by both parties in the previously announced Letter of Intent to acquire a 700 acre oil lease from Consolidated Oil and Gas in Overton County, Tennessee, the final acquisition and operating contract and may be executed by both parties as early as Friday, June 15th, 2012. Following the execution of this agreement the parties look to set an immediate timetable for an AFE agreement (approved for expenditure) on the budget for the initial 10 oil wells to be drilled within the lease.
Mr. Vern Wilson, CEO of AGR Tools (OTCBB: AGRT) said, "We are thrilled to be moving so quickly on our first oil property. The very professional team at Consolidated has undoubtedly helped this acquisition to move smoothly and with definitely help during the development process of these oil properties."
Breaking News Alert: Synacor Inc. (NASDAQ: SYNC) TV Everywhere Expert Michael Bishara to Speak at the TV of Tomorrow Show, June 12, San Francisco. Synacor (NASDAQ: SYNC), provider of the leading technology platform enabling cable, satellite, telecom and consumer electronics companies to authenticate their consumers and deliver digital entertainment, TV Everywhere, and online services, today announced its Vice President and General Manager of TV Everywhere, Michael Bishara, will be addressing TV of Tomorrow Show attendees. Bishara will be participating in a streaming media panel at 2 p.m. on Tuesday, June 12, at Yerba Buena Center for the Arts, San Francisco, CA.
A TV Everywhere visionary, innovator and pioneer, Michael Bishara -- largely credited as a force behind the development and successful launch of HBO GO -- will join the panel, The State of the Streaming Nation: OTT, TV Everywhere and Beyond.
TV of Tomorrow focuses exclusively on the delivery and user experience of interactive TV across multiple platforms (e.g., cable, satellite, connected TV/OTT, iPad, and other tablet/companion devices, IPTV, Web, smartphones, social networks, VOD, game consoles, etc.). The panel will explore some of the most pressing issues that have come into play as a result of the rise of streaming video services. It also will discuss the pay-TV industry's strategy to use TV Everywhere services to prevent competitive threats posed by those services.
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Disclosure: MobileStockPicks.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. MobileStockPicks.com is a wholly owned entity of Emerging Media Group LLC which is a sister company of Equities Awareness Group LLC. Equities Awareness Group LLC may receive one hundred thousand dollars for marketing awareness on AGR Tools Inc. Please read our report and visit our website, for complete risks and disclosures.