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GreenArrowStock.com: GreenArrowStock.com: IGNE , DUSS and GSAT are the hot stocks to watch:
Jan 13, 2009 (M2 PRESSWIRE via COMTEX) --
Our Stocks to Watch include IGENE Biotechnology Inc. (IGNE.PK), Dussault Apparel, Inc. (DUSS.OB), Globalstar Inc. (GSAT)
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IGENE Biotechnology Inc. (IGNE.PK)
Detailed Quote: http://www.greenarrowstock.com/greenboard/msboard3/msga.asp?bid=190
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Igene and ADM form Joint Venture Monday January 12, 9:44 am ET COLUMBIA, Md.---Igene Biotechnology, Inc. (OTC:IGNE - News) today announced an agreement with Archer Daniels Midland Company (NYSE: ADM - News) to form a joint venture, Naturxan, L.L.C. The new company will produce natural- source astaxanthin, which is widely used in the aquaculture industry. The partnership will bring together ADM's expertise in production and logistics with Igene's extensive knowledge of astaxanthin technology.
Astaxanthin is a naturally occurring nutrient that is essential to impart the characteristic red color to farmed fish. Most available astaxanthin is produced via a chemical route, but Naturxan's natural-source astaxanthin is produced using natural Phaffia yeast through fermentation. It has been approved as a feed ingredient in Chile, Canada, the United States, Japan and Europe.
The market for this natural source of astaxanthin is enjoying exciting growth. Customers, who are involved in the production of farm-raised fish such as salmon and trout, are seeking alternatives to the synthetic products currently available. Naturxan will combine Igene's technology and ADM's production prowess to meet the growing demand for natural products.
Dussault Apparel, Inc. (DUSS.OB)
Detailed Quote: http://www.greenarrowstock.com/greenboard/msboard3/msga.asp?bid=192
Message Board: http://www.greenarrowstock.com/greenboard/msboard3/msga.asp?bid=192
Dussault Apparel Founder Jason Dussault and Gene Simmons to Appear at the SIA.09 SnowSports Trade Show in Las Vegas Monday January 12, 6:30 am ET
LAS VEGAS, NV--Jan 12, 2009 -- Dussault Apparel, Inc. (OTC BB:DUSS.OB - News) is pleased to announce that the Company Founder Jason Dussault will be attending the SIA.09 SnowSports Trade Show 2009 SIA Ski and Snowboard convention in Las Vegas with rock legend Gene Simmons.
Dussault and Simmons will be showing their latest collaborations of hats and beanies to be released later this year under the MoneyBag(TM) moniker, as well as wallets, belts and luggage. Each item features the Gene Simmons created and designed MoneyBag(TM) logo.
The SIA.09 SnowSports Trade Show, the world's foremost ski and snowboard convention, takes place Tuesday, January 27 to Friday, January 30, 2009 at the Mandalay Bay Convention Center. This trade, professionals and superstar participants' show will deliver the largest, most concentrated and authentic trade event in the snow sports industry with nearly 20,000 attendees. The show launches the styles, technologies, innovations, culture, and energy of snow sports presented by close to 1000 brands. http://www.snowsports.org/sia_shows_events/2009_trade_show Jason Dussault comments, "Growing up in the snow sports capital of Canada, British Columbia, the ski and snowboard industry is one that I admire, have first hand knowledge of and respect for. I am pleased to be finally making my mark as a designer in this ever-growing marketplace. Since every top brand, and every elite retailer and dealer from the US and Canada will attend this show, we are excited to display our goods and submit them for orders to domestic and international sales representatives." Dussault Apparel(TM) sales agent Michael Rosen of LivinTheDream, Inc., and SIA SnowSports Regional Rep of the Year Award 2006/2007, states, "Having Gene Simmons in town to promote the new MoneyBag line of apparel will really heat up attention for the brand in this new territory for them. The product is of great design and fantastic quality and I look forward to helping sell and promote the product at this great event." Dussault Apparel, Inc., is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC: BB as DUSS. www.dussaultapparel.com MoneyBag(TM) Press images: www.dussaultapparel.com/press
Detailed Quote: http://www.greenarrowstock.com/greenboard/msboard3/quote2.asp?bs=gsat
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Globalstar Becomes the First Mobile Satellite Services Provider to Utilize Its ATC Spectrum Authority Monday January 12, 7:00 am ET
Open Range Closes Financing and Prepares to Offer Wireless Broadband Services to Over 500 Rural Communities Using Globalstar ATC Authority
MILPITAS, Calif., Jan. 12, 2009 -- Globalstar, Inc. (NasdaqGS:GSAT - News), a leading provider of mobile satellite voice and data services to businesses, governments, and individuals, today announced that Open Range Communications Inc. has closed on its equity financing of $100 million from One Equity Partners (OEP), the private equity arm of JPMorgan Chase & Co. In March 2008, the United States Department of Agriculture's Rural Development Utilities Program (RDUP) approved a $267 million Broadband Access Loan for Open Range, with the prerequisite that private financing also be secured. The OEP investment satisfies the RDUP's loan terms, making the funds available to Open Range. Open Range can now commence deploying wireless broadband service in rural America under a spectrum lease agreement with Globalstar. The Federal Communications Commission (FCC) granted the necessary authority for the Ancillary Terrestrial Component (ATC) service in October 2008.
''Globalstar is the first mobile satellite services company to utilize its ATC spectrum authority to realize additional revenues by providing terrestrial wireless providers with a way to deliver their enhanced services both terrestrially as well as by satellite,'' said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe added, ''We are extremely excited about using our ATC spectrum to help Open Range meet the wireless broadband needs of un-served and underserved rural Americans and to give those Americans access to satellite connectivity when outside of Open Range's wireless footprint. We believe this agreement establishes a template for how our global spectrum may be used more efficiently to the benefit of Globalstar, our partners and our customers.'' The spectrum lease agreement with Open Range provides Globalstar with an additional source of revenue. The initial lease down payment is approximately $2.2 million. With full utilization of Globalstar spectrum by Open Range, which covers only five percent of the US population, payments are expected to increase to $10.1 million in year six of the agreement. The total amount of the payments made to Globalstar will depend on a number of factors, including the eventual geographic coverage of, and the number of customers on the Open Range system.
''The timing of our initiative couldn't be better,'' said Bill Beans, Jr., Chairman, CEO and Founder of Open Range. ''The success of this financing is a testament to the powerful opportunity offered by the promise of WiMAX technology, the strength of my team and our resolve to execute on the plan for wireless broadband in rural America. We consider this a brilliant achievement by Open Range and our partners in what is clearly one of the most challenging financing markets in recent history.'' Open Range has announced plans to offer affordable dual mode mobile satellite based and high-speed broadband Internet and voice services to more than six million citizens in 546 underserved and rural communities, using WiMAX technology, within five years. The WiMAX terminals will be satellite-capable, and customers outside of the WiMAX coverage area will be able to use Globalstar service over the satellites. Open Range expects to deploy its infrastructure in the first group of markets later this year.
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