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Stocks That Stand Out For Nov. 4th, 2009 Are MBCI, XCEL, NVSR, LFBG, EGMI
(M2 PressWIRE Via Acquire Media NewsEdge) Stocks That Standout For Nov. 4th, 2009 are MabCure Inc. (OTCBB: MBCI), Xcellink International Inc. (OTCBB: XCEL), NavStar Technologies, Inc. (PINKSHEETS: NVSR), Left Behind Games Inc. (OTCBB: LFBG), Electronic Game Card, Inc. (OTC Bulletin Board: EGMI)
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MABCURE N.V. Signs Research Agreement With AZ Sint Lucas Hospital, Brugge, Belgium, to Conduct Preclinical Research on its Monoclonal Antibodies (Mabs) against Different Cancers
Research Intended to Broaden the Utility of MabCure's Mabs for Cancer Diagnosis in Tissue Specimen
HASSELT, Belgium, Nov 04, 2009 -- MabCure N.V., a subsidiary of MabCure Inc. (OTC BB: MBCI), a biotech company that has developed a series of highly specific monoclonal antibodies (Mabs) to combat various types of cancers, has signed a research agreement with AZ Sint Lucas Hospital, Brugge, Belgium. AZ Sint Lucas Hospital will conduct preclinical research intended to broaden the utility of MabCure's monoclonal antibodies for those circumstances where there is a need to diagnose cancer in tissue specimen. At present, the Company's Mabs for the diagnosis of ovarian cancer, prostate cancer and colorectal cancer, for example, are aimed at diagnosing early stage disease in physiological samples such as urine and serum.
Dr. Amnon Gonenne, CEO of MabCure Inc commented, "If this preclinical research works, it would open a door for us to diagnose everything that goes through surgery. This would include, for example, all of the at-risk melanoma patient population that routinely has moles removed prophylactically. The resection is arbitrary and there is currently no method to determine if the removed moles harbor early stage melanoma or not. This is critically important since melanoma is a highly lethal disease. MabCure's Mabs may provide a definitive diagnosis of early stage melanoma in these tissue specimens thereby allowing effective treatment of the patient. An analogous situation exists in colonoscopy where it is difficult to provide definitive diagnosis of early colon cancer in the resected polyps. This approach could be extended to other organs." Dr. Gonnene continued, "Currently, we address multibillion-dollar opportunities with the specimens we know our Mabs are effective against. This new opportunity would allow us to cast an even wider net and we are very excited about the possibility of helping these patients." Studies have already begun at AZ Sint Lucas Hospital, and all scientific results will remain a property of MabCure.
About AZ Sint Lucas Hospital The Saint Lucas General Hospital in Bruges is an independent hospital with emphasis on advanced patient care, active clinical research and participation in multi-center clinical trials.
About MabCure Inc.
MabCure is a biotechnology company whose vision is to change the perception of cancer as being a largely incurable disease. MabCure owns proprietary technology for the creation of unique and highly specific monoclonal antibodies (MAbs), which will be developed as diagnostic tools, imaging agents, and drugs to treat lethal cancers. MabCure initial goal is to develop its novel MAbs as diagnostic tools for the detection of Ovarian and Prostate cancers at an early stage, when these diseases are still localized and highly curable. For further information visit the Company's website www.mabcure.com.
Safe Harbor Statement This news release contains "forward-looking statements". Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the change of business focus of the management of the Company or the University and the inability of the Company or the University to pursue its current objectives. These forward-looking statements are made as of the date of this news release and the Company or the University assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Xcellink International Inc. Signs Letter of Intent With MyECheck Inc. to Utilize Its Patented Check 21 Electronic Payment Processing for Mobile Payments
LAS VEGAS, NV, Nov 03, 2009 -- Xcellink International Inc. (OTCBB: XCEL), a developer of patented mobile payments and banking platforms, and MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, are pleased to announce that they have signed a letter of intent whereby MyECheck will be providing its patented Check 21 Electronic Payment Processing to Xcellink.
Under the terms of the agreement, MyECheck's patented software will be integrated into Xcellink's mobile payment application, providing Xcellink with the ability to process mobile payments using the Check 21 electronic check system.
MyECheck utilizes a proprietary, patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. MyECheck requires no physical check from the payor or payee for processing. It generates electronic checks that adhere to the Check 21 specifications and transfers them for further processing to banks or directly to the check clearing system.
MyECheck does not utilize the ACH network and although ACH represents a large portion of electronic payments, most ACH payments start out as checks and are converted to ACH. With MyECheck, those items no longer need to be converted, can be processed as images and will clear faster, have higher clearing rates and fewer returns. MyECheck processed payments are also not subject to NACHA regulations, rules, fees and fines, giving MyECheck a competitive advantage.
ABI Research estimates only about 400,000 mobile banking users existed in 2007, a figure that skyrocketed to 3.1 million in 2008. In 2009, the numbers of subscribers will more than double, hitting the 7 million mark. Beccue's long-term estimate: 32 million by 2013.
And the value of remote mobile payment by smart phones is set to reach $389 million in 2009, rising rapidly to $8.6 billion by 2014, according to forecasts from Mercator Advisory Group.
About Xcellink Xcellink International Inc. is a developer of advanced platform-independent customer-centric payment systems and methodologies. Xcellink's patented system has the technical ability to replace all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services in a customer-centric manner that is more efficient, economical, and secure than systems operating today. Xcellink's unique process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime, and at a fraction of the cost of current transactions. Please visit www.xcellink.com.
About MyECheck MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method. Please visit www.myecheck.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
NavStar Technologies, Inc. Issues a Shareholder Update
NavStar Technologies, Inc. Provides an Update on the Company's Focus for November and December 2009
ANAHEIM, CA, Nov 04, 2009 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, today issued a shareholder update on several key initiative for the last 60 days of 2009.
Dear Shareholders, As you know, significant progress has been made this year to identify partners in several countries and to get distribution agreements signed. This effort, while time consuming and difficult, will result in purchase orders for NavStar products in late 2009 and first quarter of 2010. Below is an update on a few of the "near term" opportunities that will unfold in the next 60 to 90 days.
* The contract with the transportation department in Ecuador is in the final stages of the field trial and units will ship in early 2010. We are the vendor of choice and delays are due to personnel changes within the government of Ecuador.
* Final terms for a Joint Venture in Korea have been finalized and will be signed this month.
* A field trial with a US trucking company will begin in late November or early December.
* The opportunity that was announced in early October for distribution into the Middle East is still alive but taking much longer than expected to reach agreeable terms and conditions.
The effort to get a distribution agreement signed, conduct a field trial and get a purchase order takes time and has of course been more difficult given the current economic climate. In spite of these conditions we have established a diverse customer base and have 6 significant agreements in place as we conclude 2009 and start 2010.
For a more in-depth review of the company plans for the rest of 2009 and projections for 2010, look for an interview with NavStar's Chairman and CEO N. Douglas Pritt later today at www.tradergains.com.
About NavStar Technologies, Inc.
NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.
Left Behind Games Selling Fast in Walmart Test Market
MURRIETA, Calif., Nov 4, 2009 -- Left Behind Games Inc. (OTCBB:LFBG), dba Inspired Media Entertainment, a leading publisher of Christian video games, reports that the Walmart test market for Christian video games in Texas appears to be progressing beyond the company's original expectations. A representative who has been making on-site checks to verify sales, reports that just two weeks after the initial inventory was displayed, approximately 25% of the games have been sold.
Troy Lyndon, CEO says, "At the rate Walmart inventory is moving, they will be out of games before Christmas, unless they reorder. We started sending out letters of appeal to Texas-based church pastors on October 12th, and plan to reach more than 10,000 churches over a 10-week campaign through Christmas. With seven weeks remaining, and accelerated sales expected as we near the holidays, we believe test results will be favorable leading to a broader national market for Christian based PC games." To enhance the company's marketing impact and increase sales, Left Behind Games is distributing "Buy one from Walmart and get another FREE from us" mailers in areas surrounding each participating Walmart store. This special promotion is open to anyone anywhere. To take advantage of the offer, and/or find the nearest Walmart store carrying the games, go to www.inspiredmedia.com/walmart.
Christian products have gained popular acceptance in the music and book sections of retailers over recent years. For many years, Walmart stores have sold gospel music and both fictional and non-fictional Christian books, including the well-known Left Behind book series which has sold more than 65 million copies. Yet, there are few, if any, moral or Bible-based video game choices for youth and adults alike. With the introduction of the newest Left Behind and Charlie Church Mouse PC video games as well as Keys of the Kingdom in approximately 100 Texas Walmart stores, the immediate response from consumers indicates a solid level of interest in these products.
About Left Behind Games Inc.
Left Behind Games Inc., also known as Inspired Media Entertainment (www.inspiredmedia.com), has become one of the world's leading independent developers and publishers of quality interactive entertainment products that perpetuate positive values and appeal to mainstream and faith-based audiences. For samples for your church or school, you can go to www.supportgoodgames.com and www.inspiredmedia.com.
Cautionary Note Regarding Forward-Looking Statements The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, and our ability to develop other profitable titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our reliance on a primary distribution service provider for a significant portion of our products, and our ability to raise capital if needed. Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2009, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed via a link from www.inspiredmedia.com on our Investor Relations page. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Electronic Game Card, Inc. Mourns the Passing of its Executive Chairman, The Lord Leonard Steinberg
--CEO Kevin Donovan and Board Member Eugene Christiansen to serve jointly in the Interim Office of the Chairman
IRVINE, Calif., NEW YORK and LONDON, Nov 03, 2009 -- Electronic Game Card, Inc. (OTC Bulletin Board: EGMI) ("EGC"), announced today with great sadness that the Company's Executive Chairman, Leonard Steinberg, Baron Steinberg of Belfast, died suddenly of a heart attack November 2, 2009 on his 73rd birthday in London, England.
Lord Steinberg was one of Britain's most successful businessmen and one of the most well known personalities in the gaming industry. He founded Stanley Leisure in Belfast in 1958 with one licensed betting shop. Stanley Leisure plc became the largest casino operator and fourth largest retail bookmaker with 600 shops in the United Kingdom.
In 2005 Stanley Leisure's retail bookmaking operations were sold for pounds Sterling 504 million (approximately $1 billion) and returned pounds 327 million (approximately $650 million) to shareholders. In 2006, Stanley Leisure then sold the 45 casinos to Genting International for approximately $1.3 billion.
In addition to his highly successful business career, Lord Steinberg was made a Conservative Life Peer in 2004 and was an active member of the House of Lords in the United Kingdom. He was a well known philanthropist as Founder and Chairman of the Steinberg Family Charitable Trust.
"Leonard's passing gives me much pain and sadness and a tremendous sense of loss for his family, many friends and colleagues. All who knew Leonard greatly admired his wisdom, support and personal approach to relationships. Words cannot describe how much we all respected Leonard and appreciated the opportunity to work closely with him," commented Kevin Donovan, interim Joint Chairman and CEO of Electronic Game Card, Inc. "While we are all deeply saddened with his passing, management, the Board and company consultants will continue to work hard to take this company to the next level, and are accelerating our commitment to growth to honor this great man and the faith he had in us and the future of the company." Interim Joint Chairman Eugene Christiansen said, "This news has come as a shock to all of us. We are deeply saddened. The Steinberg family is in the midst of their mourning period. The company is convening its Board of Directors to take appropriate actions in light of this unfortunate and untimely development."
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