Stock Updates On Evca , Prot And Brcd From Pennytobuck.com
EVCARCO (OTC:EVCA), is a publicly held company in alternative energy vehicles that
has recently reported that the board of directors has approved the expansion of its operations into South America. EVCA has appointed Bogota, Colombia as its base of operations for the Texas Corporation. EVCA which is focused on alternative and clean energy vehicles, has seen a dramatic increase of inquires from South America as well as specific government requests to supply all electric units for fleet use.
Scott ONEAL, COO, stated, After visiting South America, and meeting in Colombia with government officials I was impressed at the willingness and Desire to create alternative energy fleets in several branches of government. It is the perfect time for EVCARCO to expand into these countries, noting that in some countries gas prices are nearly double U.S. regulated prices, making alternative fuel options financially viable even in developing nations.
EVCA is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCA is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCA has developed a dealer network allowing growth into most US States by 2012.
PROTEONOMIX, INC. (OTCBB:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.
Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.
The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. ("XGen"), a Nevis Island limited liability company.
XGen will purchase Proteoderm at a wholesale price of 50% of the Manufacturer's Suggested Retail Price (MSRP). XGen will maintain exclusive distribution rights in the U.A.E., provided the Joint Venture purchases a minimum order of 5,000 units the first year, and increases purchases at a rate of 20% per annum until reaching 10,000 units per year. All terms of the agreement are subject to normal due diligence provisions.
PROT is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.'s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix's operating subsidiary.
In a bid to increase network performance, simplify management and enhance business efficiency, more than three-quarters of enterprises across Europe, the Middle East and Africa (EMEA) are looking to consolidate their existing IT infrastructure in the next 12 months, according to new research commissioned by Brocade (NASDAQ:BRCD). The research found that 76 percent of enterprises consider IT consolidation to be one of the top three IT issues they face in the coming year, followed by both virtualization and security.
The 600 EMEA CIOs questioned in this study expect tomorrows corporate networks to fulfill a wide range of sometimes-conflicting demands. They want unprecedented scalability but reduced management complexity (61 percent). They demand seamless mobility and increased agility (38 percent), and nearly half want emerging networking technologies to complement the investments they are making today, instead of forcing them to refresh the entire environment in a wholesale rip-and-replace exercise, while reducing the total cost of ownership.
The findings reinforce BRCDs vision that data centers and networks will evolve to a highly unified network architecture. Brocade recently outlined its vision, called Brocade One, which is based on customer-driven demand for simplified IT architectures and cost reduction, and is designed to optimize data center networks to support virtual servers, applications and data.
Key findings of the study include:
73 percent of organizations in the UK stated that the biggest driver for consolidation is IT simplification, while in Germany the biggest driver was increased agility.
In France 21 percent of organizations are not even considering consolidation.
In the UK 46 percent of organizations are looking to reduce overall operating costs by consolidating IT systems; in France the figure drops to 30 percent.
When asked what they plan to consolidate, 70 percent of respondents stated their existing servers, 56 percent are considering storage and 54 percent are focusing on databases. In addition 49 percent stated their networks, and 47 percent claimed their applications.
Perceived business benefits include improved resource utilization (39 percent), lower overall complexity (36 percent), process and operational standardization (34 percent) and cost reduction (31 percent).
Brocade develops extraordinary networking solutions that enable todays complex, data-intensive businesses to optimize information connectivity and maximize the business value of their data. For more information, visit www.brocade.com.
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