From the Wires
Market Talk: Active Stocks on Trader's Radar Screen: VSUT, PBCW, NGRC, GALE
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by FinancialNewsMedia.com
By: Marketwired .
Dec. 4, 2012 10:13 AM
CORAL SPRINGS, FL -- (Marketwire) -- 12/04/12 -- FinancialNewsMedia.com "stocks to watch" for today: VSUS Technologies, Inc. (OTCQB: VSUT), Pub Crawl Holdings, Inc. (OTCQB: PBCW), National Graphite Corp, (OTCQB: NGRC), Galena Biopharma, Inc. (NASDAQ: GALE)
News Alert issued for (OTCQB: VSUT): VSUS Technologies Inc. Announces Retirement of Debt and Board Resignations
Headline News: VSUS Technologies Inc. (OTCQB: VSUT) announced today before the markets open for trading it has retired significant company debt. The Company is also announcing the resignation of two officers.
Get News Alerts & Updates for VSUS Technologies, Inc. delivered directly to your Mobile Phone. Text VSUT to 54545 or visit http://vsus.mobi (News alerts are free; however standard message & data rates may apply. Check with your carrier for more details.)
Kyle Gotshalk and Cherish Adams have resigned as officers of VSUS Technologies Inc. Their resignations were part of a debt settlement agreement and not due to any disagreements or conflicts with the company or its management. VSUS Technologies has entered into a debt settlement agreement with Ararat LLC that will reduce the company's liabilities by approximately $500,000. The Company has also paid in full two convertible promissory notes with Asher Enterprises totaling approximately $80,000 in principal, interest, and premium. The Company still has a third note with Asher it intends to pay in full next month. The retirement of this debt not only significantly reduces company liabilities but also the expense associated with carrying that debt.
The two resigning directors have returned approximately 7.75 Million shares to the company which currently has 75,938,476 shares outstanding. According to our transfer agent, as of December 3, 2012, there are 20,713,000 shares with CEDE & Co., nominee for the Depository Trust Corporation (DTC).
"We have made considerable progress with our studies and land surveys in Colombia; we expect to submit both our environmental impact assessment and works program to the proper agencies in the coming weeks. We will begin to interview operators and execute land purchase agreements in the next quarter," commented John Campo, President.
For more details and to read the entire press release issued by VSUT that includes the full company disclosures please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=229
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Pub Crawl Holdings, Inc. (OTCQB: PBCW) announced Monday after the markets closed for trading, it will merge with Mobile Dynamic Marketing Inc. in the business of hospitality software development. Mobile Dynamic Marketing is a mobile application marketing company that provides standardized app platforms for various market verticals.
National Graphite Corp, (OTCQB: NGRC) is an American based graphite development company focused on bringing the Chedic Graphite Mine back into commercial production to supply the fast growing graphite mineral market. NGRC recently announced that the Samples from the production pit yielded a 25% to 40% grade with the potential to yield over 1,000,000 tons of graphite.
Galena Biopharma, Inc. (NASDAQ: GALE), a biotechnology company focused on developing innovative, targeted oncology treatments, today announced it has signed an agreement with a subsidiary of Teva Pharmaceutical Industries Limited for the commercialization of NeuVax (nelipepimut-S or E75) in Israel. "This agreement is the first piece of our global commercialization strategy," said Mark Ahn, Ph.D., President and Chief Executive Officer, Galena Biopharma.
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