OTCMarketBulls: OTCMarketbulls.com Reports Hot Market Movers For February 5, 2010 - General Automotive Company (OTCBB: GNAU) +94.44%, Gen2Media Corporation (OTCBB:GTWO) +25.00%, China VoIP & Digital Telecom Inc. (OTCBB: CVDT) +19.57%, Health Discovery Corporation (OTCBB: HDVY) +13.64%
Feb 05, 2010 (M2 PRESSWIRE via COMTEX) --
Companies: China VoIP & Digital Telecom Inc (CVDT), General Automotive Co (GNAU), Golf Two Inc (GTWO), Health Discovery Corp (HDVY)
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GNAU LATEST NEWS
General Automotive Company Signs Agreement to Acquire S.P.E.C., Inc. in Stock and Cash Transaction ORLANDO, Fla., Feb. 5, 2010 -- General Automotive Company (OTCBB:GNAU), a North American provider of aftermarket parts and advanced technology for the automotive industry, today announced it has an agreement to acquire privately held S.P.E.C., Inc. The transaction is expected to further position the Company as an organization that capitalizes on both organic growth as well as growth through strategic acquisition.
S.P.E.C., Inc., based in Birmingham, AL, is a leading provider of high performance clutches and flywheels to the high performance automotive market. S.P.E.C., which reported unaudited revenue of approximately $5.6 million in 2009, will operate as a wholly owned subsidiary of General Automotive. Additionally, key S.P.E.C. executives will be retained to ensure smooth integration and operational continuity.
Dan Valladao, president and CEO of General Automotive said, "The proposed acquisition is a critical milestone in the Company's strategy to acquire established businesses with strong growth and profit potential in the $265 billion automotive aftermarket parts industry."
He added, "We expect the SPEC acquisition to help General Automotive and its current subsidiary OE Source continue to expand its product offerings. There are great synergies between the 2 companies that will allow each of them to improve distribution and revenue. In the meantime, we continue to evaluate additional acquisition targets."
S.P.E.C. highlights:
Leading provider of clutches, flywheels and pressure plates to the high performance automotive market
Extensive distribution network with over 100 domestic dealer participants
State-of-the-art warehouse and production facility
Under terms of the agreement, General Automotive will issue 750,000 shares of restricted common stock to the current owners of S.P.E.C., Inc. in addition to $2 million cash. S.P.E.C., Inc. shareholders can earn shares over the next six years based on the achievement of certain revenue and profitability milestones.
Closing of the S.P.E.C., Inc. transaction is subject to completion of due diligence and other conditions. In connection with the acquisition and with its overall growth plan, General Automotive expects to raise additional capital in 2010.
About General Automotive Company
General Automotive Company ("GAC") is focused on expanding its operating growth platform through multiple and ongoing acquisitions of successful niche manufacturing companies in the automotive industry. Currently General Automotive has 2 operating subsidiaries. OE Source ("OES"), is a provider of original equipment and aftermarket automotive parts and related automotive products These customers include large, multi-national distributors, manufacturers, and OEM providers. OES specializes in engine management products such as O2 sensors, which is a rapidly growing and government mandated segment of the auto supply industry. General Automotive is also a partner in GreenCell Inc., a joint venture with SenCer Inc., a New York based ceramic technology company. GreenCell with its new advanced ceramics proprietary technology can be a potential game changer in multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles.
The General Automotive Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6532
About S.P.E.C., Inc.
Established in 1999, S.P.E.C., Inc. manufactures, assembles, and distributor of clutches, flywheels, and pressure plates to the high-performance automotive market. The company maintains a 15,000 sq. ft. warehouse in Bessemer, AL. The Company recently completed construction of a 12,000 sq. ft. facility adjacent to the existing warehouse. ____________________________
GTWO LATEST NEWS
Gen2Media Announces Launch of Online Video Platform for Its Network Radio Partnerships ORLANDO, Fla.--(2/5/10)--Gen2Media Corporation (OTCBB:GTWO), an innovative video technology company offering an Online Video Platform, video production and online video advertising, announced today completing the successful launch of the publisher version of its Online Video Platform for the Company's network radio partnerships. The newest version of the Gen2 online video software allows a large network partner to manage many publisher sites through one interface, including content management and advertising scheduling through one central location.
Gen2 has teamed with Emmis Communications (EMMS) to launch the publisher software for radio, and the parties have successfully rolled out the new platform for the Emmis flagship stations Hot 97, WKIS and WRXP in New York, WLUP "The Loop" and Q101 in Chicago.
"Launching our publisher level software for radio marks a groundbreaking achievement for Gen2", said Gen2Media CEO Mark Argenti. "We believe that our Online Video Platform continues to set the standard for how video is published and managed, and this new publisher version is the very best of breed for managing content and advertising on a large scale and multi-site basis."
Micheal Morgan, COO/CTO of Gen2 added, "We are very pleased with the performance of the player across the Emmis properties, along with enhanced user experience and ability to schedule syndicated ad campaigns. Managing advertising across multiple sites; third-party integrations and tracking can be a challenge. Our platform greatly simplifies the process by consolidating scheduling and tracking into one easy process."
Ben Finley, VP, Branded Entertainment & Content, Emmis New York stated, "We are really excited to have launched the Gen2 publisher software for our sites. The new software gives us a much broader range of capabilities for managing large amounts of content over multiple sites, and also enhances our ad serving capabilities, which is critically important to the success of our online video network".
Gen2 will now begin the process of migrating its over 100 radio partner sites to the new platform, which Mr. Morgan anticipates will be concluded in the coming months.
About Emmis Communications
Emmis Communications Corporation owns and operates radio and magazine entities in large and medium sized markets throughout the U.S. Emmis is the 9th largest radio group in the U.S. (based on listeners) owning twenty-one FM and two AM domestic radio stations that serve the nation's largest markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin, Indianapolis and Terre Haute, Ind. Emmis owns a radio network, international radio stations, regional and specialty magazines, an interactive company, and ancillary businesses in broadcast sales. www.emmis.com
About Gen2Media Corporation
Gen2Media Corporation is a video technology company that provides the best-in-breed Online Video Platform, video production and advertising on its Online Video Network that reaches over 10 million visitors monthly. Gen2Media's Online Video Platform, Online Video Advertising Network and video production has earned the trust of a growing customer base including advertising agencies, iconic artists, media companies, organizations, businesses, and national brands such as Microsoft, Coca-Cola Company, Tribune News Company, Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake and more. Gen2Media's Online Video Publishing Technology enables firms to easily create, deliver and monetize video and advertising delivery. For more information about Gen2Media please visit www.Gen2Media.com. __________________________
CVDT LATEST NEWS
China VoIP & Digital Telecom Completes Business Transition, Allowing Focus on Providing Integral Virtualization Solutions and Services in the Future JINAN, China--(2/5/10)--China VoIP & Digital Telecom Inc. (OTCBB: CVDT) (the "Company"), a Nevada corporation, today announced that it has discontinued its entire VoIP business and is focusing on providing integral virtualization solutions and services in China from now on.
VoIP (Voice Over Internet Protocol) is a service that delivers voice communications over IP networks such as the Internet or other packet-switched networks. This business provides high-quality IP communication services for enterprises and government agencies with much lower fees and costs. However, the business was blocked by the Chinese Government in July 2009 due to certain political needs.
In order to shift its business focus to China's virtualization market, the Company acquired a second subsidiary in early 2008. The new subsidiary, Beijing PowerUnique Technologies, is located in Beijing and specializes in virtualization software R&D, sale and service.
Since 2008, our integral virtualization solutions and services have obtained strong support from the Chinese governments, and we've had several breakthroughs in the virtualization field. Currently, our main business is to:
1. Develop and Promote Server Virtualization Technology
2. Provide Virtual Desktop Infrastructures (VDI)
3. Provide Disaster Tolerance Backup and Management Technology under Virtualization Infrastructure
4. Provide Information Technology Outsourcing services of virtualization products and technology (ITO)
5. Offer Info-security Storage Products
The Company achieved several VMware certifications including:
VMware Technology Alliance Partner (TAP) VMware Community Source (VCS) VMware Premier Partner (VPN) VMware Authorized Training Center (VATC) VMware Authorized Consultant (VAC)
In addition, Jinan Yinquan and BPUT are also the VIP partners with Vizioncore. They have completed the localization of Vizioncore's software in China. Jinan Yinquan is focusing on virtualization marketing in the Shandong area. BPUT's focus is on the large enterprise client market and also exploring markets in Sichuan, Hebei, Beijing, Tianjin and Liaoning. Cooperating with the two top virtualization vendors in the world, we provide a full range of solutions to our clients and are capable of developing new virtualization-related products based on a client's specific needs. We also have the option to charge long-term recurring service fees for after-product sales.
Mr. Kunwu Li, CEO of the Company, said, "We have a more established customer sales and service network for virtualization, which was initiated two years ago. The network covers Shandong, Sichuan, Hebei, Liaoning, Beijing and Tianjin, and the industry coverage has extended to the government departments, power supply, petrochemistry , education, taxation, public security, healthcare and banking sectors. The Company has signed a large number of system integrators (SIs) as partners. We are always working to develop the best business model. With our new focus, we can expect greater revenues from our virtualization business than what we had from the divested VoIP operations. More importantly, the virtualization solutions we provide are in full compliance with the conservation-oriented society and Green IT concepts (energy-saving, emission abatement and environment-friendly) advocated by the country."
Mr. Li is very confident with the virtualization market and he said that, "We believe the virtualization market in China has enormous potential and China VoIP & Telecom is already capturing that growth. We now have more than 100 employees in the two subsidiaries, and we will continue to recruit more talented people during our development."
Mr. Li added, "We are committed to being the foremost comprehensive virtualization solution and service provider (including products, technology, service, consultation, design and implementation) rather than a mere reseller of VMware and Vizioncore's products."
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary, Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at www.chinavoip-telecom.com.
About Virtualization Technology
Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.
Today's powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.
Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Join the millions of people around the world who use virtualization to save time, money and energy while achieving more with the computer hardware they already own. ____________________________
HDVY LATEST NEWS
Health Discovery Corporation Partners with Major New York City Pancreatic Cancer Center to Develop a New Molecular Diagnostic Test for the Early Detection of Pancreatic CancerSAVANNAH, Ga.--(2/5/10)--Health Discovery Corporation (OTCBB: HDVY) announced today that the Company has entered into an exclusive agreement with the Pancreas, Biliary and Liver Surgery Center of New York at Saint Vincent Catholic Medical Centers in New York City to develop new molecular diagnostic tests for the early detection of pancreatic cancer. The Pancreas, Biliary and Liver Surgery Center is under the leadership of Drs. Michael Wayne, Franklin Kassim and Avram Cooperman.
Under the terms of the agreement, the Pancreas, Biliary and Liver Surgery Center will provide all specimens from their collected specimen banks, specimens on all new patients and all associated clinical and outcomes data. The specimens will include tissue, blood and urine. Health Discovery Corporation (HDC) will use its patent protected SVM-based discovery technology and expert science team to develop these new molecular diagnostic tests for pancreatic cancer in a similar fashion to the urine-based prostate cancer test developed by HDC and licensed for development and commercialization to Quest Diagnostics (NYSE: DGX) and Abbott (NYSE: ABT) on a royalty-based, world-wide co-exclusive basis.
Health Discovery Corporation will own all of the intellectual property and commercialization rights to these newly discovered molecular diagnostic tests for pancreatic cancer and HDC intends to immediately partner with a large clinical laboratory for development, marketing and commercialization of these tests.
"We are very excited to partner with Drs. Wayne, Kassim and Cooperman and their colleagues, all experts in pancreatic cancer, to work together in the development of new molecular diagnostic tests for the early detection of pancreatic cancer," said Stephen D. Barnhill, M.D., Chairman and CEO of Health Discovery Corporation. "The specimen bank established by these doctors provides a rare opportunity to accomplish this vital goal."
"A century of treating pancreatic cancer leaves much to be humble about. I believe that working with Dr. Barnhill, his expert scientific team and the proven SVM technology at Health Discovery Corporation, we have a unique opportunity to develop a new molecular diagnostic test to identify pancreatic cancer at a pre-clinical stage early enough to be treated more effectively than is current practice on today's patients," said Dr. Cooperman, Surgical Director at the Pancreas, Biliary and Liver Surgery Center.
"With 1 in 72 men and women diagnosed with cancer of the pancreas during their lifetime and an overall 5-year survival rate of only 5.5%, there is a great need for a new molecular diagnostic screening test for early detection of this devastating disease," said Dr. Cooperman.
About Health Discovery Corporation
Health Discovery Corporation is a molecular diagnostics company that uses advanced mathematical techniques to analyze large amounts of data to uncover patterns that might otherwise be undetectable. It operates primarily in the emerging field of personalized medicine where such tools are critical to scientific discovery. Its primary business consists of licensing its intellectual property and developing its own product line of biomarker-based diagnostic tests that include human genes and genetic variations, as well as gene, protein, and metabolic expression differences and image analysis in digital pathology and radiology. For more information, see www.healthdiscoverycorp.com.
About The Pancreas, Biliary and Livery Surgery Center at Saint Vincent Catholic Medical Centers, New York City
This highly-successful, specialized medical and surgical practice is a leader in the New York City metropolitan area and is associated with a major hospital center. In 2009, the Pancreas, Biliary and Liver Surgery Center of New York at Saint Vincent Catholic Medical Centers consulted on over 1,000 patients, performed 1,500 endoscopic procedures and 150 complex biliary pancreatic operations. The seven doctors benefit from a research laboratory within the center headed by Robert Ollar, Ph.D., an internationally renown microbiologist, who will assist in the research. For more information, see http://www.pblsurgeryny.com/.
About Saint Vincent Catholic Medical Centers, New York City
Saint Vincent Catholic Medical Centers serves as a major healthcare resource for the greater New York metropolitan area. The system is anchored by St. Vincent's Hospital Manhattan in historic Greenwich Village, Manhattan, which serves as the academic medical center for New York Medical College in New York City and offers residency and fellowship programs in a variety of specialties and sub-specialties.
The system also includes St. Vincent's Hospital Westchester, a behavioral health facility; continuing care services that include Bishop Mugavero Center for Geriatric Care and Holy Family Home in Brooklyn, St. Elizabeth Ann's Health Care & Rehabilitation Center and Pax Christi Hospice on Staten Island, and Saint Vincent Catholic Medical Centers Home Health Agency, which delivers comprehensive home care services throughout the five boroughs of New York City as well as in Nassau and Suffolk Counties. In addition, St. Vincent's is the designated provider for the New York and New Jersey region of the US Family Health Plan, sponsored by the US Department of Defense. For more information, see http://www.svcmc.org/. ____________________________
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Companies: China VoIP & Digital Telecom Inc (CVDT), General Automotive Co (GNAU), Golf Two Inc (GTWO), Health Discovery Corp (HDVY)
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