Power3 Medical Products, Inc. (OTC.BB:PWRM) a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, announced that it delivered four poster presentations at the 2010 International Conference on Alzheimer’s Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro�, Power3′s diagnostic test, and focused on Power3′s Alzheimer’s disease blood serum biomarkers, test and clinical validation trials.
“We are pleased that our blood tests specifically diagnose Alzheimer’s in patients, both pre- and post-treatment,” said Helen R. Park, MS, Chief Executive Officer of Power3, “and that our scientific collaborators, Dr. Marwan Sabbagh, Medical and Scientific Director of the Banner Sun Health Medical Research Institute, and Dr. Lourdes R. Bosquez, President of the Woodlands Behavioral Institute, Inc., presented along with us at the meeting in Hawaii.”
“We are within striking distance of realizing an Alzheimer’s clinical diagnostic tool which I hope will lead to a greater understanding of the disease and buoy the pace of future therapeutic interventions,” added Marwan Sabbagh MD, Medical and Scientific Director of Banner Sun Health Medical Research Institute.
Power3 has filed several patent applications for its NuroPro� technology that are currently pending. Power3 also has a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, Power3 has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China, and has published 6 articles in peer-reviewed scientific journals on the subject. Power3 intends to publish these latest findings as well.
PTS, Inc. (OTC.BB:PTSH) announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (VOIP) contract with MC Universal Art.
MC Universal Art is expanding its office and manufacturing infrastructure and required a scalable communications system that can handle their growth without effecting customer service. They also had a need to insure that their IT architecture would not be impacted with their communication upgrade.
“We were looking for a company that had VOIP expertise but also had the IT expertise to install, manage and scale our telecommunications infrastructure”, said Macky Pannu CEO of MC Universal Art. “ThinLine met all of our criteria and we look forward to growing our services with them in the future,” added Macky Pannu.
“I am impressed with MC Universal Art. They have a world class company and I am excited to have the opportunity to work with Macky and his team,” said Raj Kalra CEO of PTS, Inc. “Our VOIP product will work perfectly to meet their existing demand, and will allow them to grow as quickly as they need so they can scale to keep up with their growth,” added Raj Kalra.
Baldor Electric Co. (NYSE:BEZ) designs and manufactures industrial electric motors, mechanical power transmission products, drives and generators, announced that the Board of Directors declared a cash dividend of $0.17 per share on the Company�s common stock payable on December 30, 2010, to shareholders of record on December 17, 2010. The Board chose to make this payment during 2010 rather than in January 2011 due to the uncertainty of future tax rates on dividend income.
Baldor Electric Company designs, manufactures, and markets industrial electric motors, mechanical power transmission products, drives, and generators. Its industrial electric motor products include AC and DC electric motors, and a line of integral gear motors; and mechanical power transmission products comprise mounted bearings, enclosed shaft mount products, and helical and worm gearing products, as well as other mechanical power transmission components, such as bushings, sheaves, and conveyor pulleys.
DeVry, Inc. (NYSE:DV) announced the investigation of securities fraud and breaches of fiduciary duty by certain officers and directors of DeVry, Inc. due to the revelation by U.S. Department of Education that the repayment rates of student loans were much lower at DeVry than traditional universities. Shareholders with information or who wish to be involved in this action are urged to contact securities lawyer Hamilton Lindley at 877-583-2855 as soon as possible. �Government data has shown that just 38% of DeVry students repaid their student loans,� said Hamilton Lindley. �A federal securities complaint filed against the company also alleges that the company engaged in improper and deceptive student recruiting and that many of company�s programs were in danger of losing federal financial aid. Company stock dropped 9 percent upon the revelation of the low student loan repayment rate.�
DeVry Inc., through its wholly owned subsidiaries, owns and operates DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing, and Becker Professional Review. DeVry University offers associate, bachelor, and master degree programs in technology, healthcare technology, business, and management at 94 locations in the United States and Canada, as well as through online platform; and graduate degree programs in management through its Keller Graduate School of Management.
Timken Co. (NYSE:TKR) announced that Michael C. Arnold, executive vice president and president of the Bearings and Power Transmission (B&PT) Group, intends to leave the company at the end of the year. He had accepted a new position as president and CEO of a private equity-owned firm. Arnold will officially retire from Timken on December 31, 2010, following more than 31 years with the company. �Mike has had a long and successful career with Timken leading the Bearings and Power Transmission group through an evolution that has enabled us to achieve higher sales and significant profit improvements,� said James W. Griffith, president and chief executive officer of Timken. �We certainly wish him well in his future endeavors.
The Timken Company, together with its subsidiaries, manufactures engineered anti-friction bearings and assemblies, alloy steels, aerospace power transmission systems, and related products and services worldwide. Its products include tapered roller bearings that are used in passenger cars, light and heavy trucks, and trains, as well as in a range of industrial applications, such as small gear drives and wind energy machines; and precision cylindrical and ball bearings for ultra high-speed and high-accuracy applications in the aerospace, medical and dental, computer, and other industries.
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