Breaking Investors Alert: AGR Tools ‘‚¬â€œ February 10, 2010
Weston, FLA -- Wall Street News Alert's "stocks to watch" this morning are: AGR Tools, Inc. (OTCBB: AGRT), Entech Solar, Inc. (OTCBB: ENSL), Guinness Exploration Inc. (OTCBB: GNXP) and Advaxis, Inc., (OTCBB: ADXS).
Yesterday after the markets closed, AGR Tools, Inc. (OTCBB: AGRT) issued a press release announcing that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has exceeded its recent distribution growth plans by adding five new dealerships to its network. Starting with just 11 dealerships in 2008, the company currently has 25 distributor locations throughout the United States and Canada.
"Due to the overwhelming interest in our stocking dealer program, we have experienced a rapid increase in our distribution network," noted Rock Rutherford, the CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc. "Each location represents what I expect will be a minimum of $150,000 in annual sales and an average volume of $600,000 per distributor. Our goal by the end of 2010 is to have 63 dealers in our network which will represent an average of $37.8 million in annual sales."
Each location caters to the natural stone, concrete, building maintenance, masonry, tile, flooring and engineered stone markets by offering superior quality tools and excellent local customer service. "Our dealers are strategically located throughout North America and are the catalyst to the success of our company," added Rutherford. "By offering a full warranty on all of our products, excellent customer service and quality consumable tools, we are positioned to capture our goal of 25% of the diamond tooling industry."
The stock closed yesterday at Thirty One cents a share.
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Entech Solar, Inc. (OTCBB: ENSL) up 17.8% on 1.3 million shares traded.
On Feb 08, 2010 Entech Solar, Inc. recently announced that David Gelbaum, the Company's Chairman and Trustee of The Quercus Trust, a major shareholder in the Company, will become Chief Executive Officer (CEO) of the Company, effective immediately. Mr. Gelbaum will replace Dr. Frank W. Smith, who has served as the Company's CEO since March of 2008. Dr. Smith, while stepping down from his CEO role, will continue to serve the Company in an advisory capacity during Mr. Gelbaum's transition into his new role, and will retain his seat on the Company's Board. The Company also announced that Mr. Gelbaum, through The Quercus Trust, has invested through a private placement agreement, an additional $600,000 in the Company in exchange for Entech Solar restricted common stock at a purchase price of $0.08 per share.
Mr. Gelbaum noted, "I recognize and appreciate the excellent job that Frank has done in taking the Company through a difficult transition period over the past two years. The Company's transition is substantially complete and Entech Solar is now well-positioned to complete the product development and commercialization of its ThermaVolt, SolarVolt and Daylighting products." Mr. Gelbaum also stated, "I believe in Entech Solar's employees, its Board of Directors (including Frank Smith, who will continue to assist the Company as a member of the Board), its intellectual property, its technology and its market. I am committed to working with the Entech Solar team to bring its products to market and to make the Company profitable and create value for its shareholders, which include its employees and board members through their ownership of both stock and stock options. I am lucky to be part of this great company."
In addition, the Company announced today that Jacob J. Worenklein, a member of the Company's Board of Directors and Chairman of its Audit Committee, has resigned from the Board. Mr. Worenklein informed the Board that he is required to resign as a result of his joining the law firm of Bingham McCutchen LLP as a partner on January 12, 2010 and it is the firm's policy that its partners not serve as Directors of public companies.
About Entech Solar: Entech Solar, Inc. is a leading developer of renewable energy technologies and sustainable daylighting solutions for the commercial, industrial and utility markets.
Guinness Exploration Inc. (OTCBB: GNXP) up 11.5% on 287,000 shares traded.
On Feb 08, 2010 Guinness Exploration Inc. recently reported results from initial geological analysis and project planning performed in conjunction with Coast Mountain Geological Alaska LLC ("Coast Mountain"). Guinness' Chief Geologist John Hiner said: "Coast Mountain personnel have digitized and entered a huge amount of pre-existing geological data into a GIS database and produced several surface geochemistry maps based on this data that show a large copper anomaly near and over the intrusive to the north end of the Nansen block, and displays of gold anomalies. Several gold-anomalous areas not previously investigated may be worthy of follow-up. At this early stage, what this means is that we may have established a porphyry copper target, as well as some potential gold targets."
Mr. Hiner continued: "Coast Mountain has also contacted an established site operator who has agreed to set up and manage a camp for us. Additionally, we're making arrangements with a well-established Yukon equipment operator to supply us with equipment and operators for the entire season. Our planning process is now fully underway and we expect to report further developments soon."
About Guinness Exploration: Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2006 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009. In November, 2009 Guinness entered an agreement to acquire mineral claims for the Mount Nansen and the Tawa gold and silver exploration properties (collectively the 'Nantawa Project') in the Yukon and is now developing an exploration program. The Nantawa Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The Nantawa Project claims consist of 203 full or fractional claims with a total area of 3,136.43 square hectares located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks. A complete independent geological report received by Guinness, dated November 27, 2009, can be viewed on Guinness' website: www.guinnessexploration.com.
Advaxis, Inc., (OTCBB: ADXS) up 4.4% on 2.9 million shares traded.
On Feb 08, 2010 Advaxis, Inc., the live, attenuated Listeria monocytogenes (Lm) biotechnology company, recently announced it presented at the 12th Annual BIO CEO & Investor Conference, Tuesday, February 9, 2010 at 3:00 PM EST.
About BIO CEO & Investor Conference: Now in its twelfth year, the BIO CEO & Investor Conference is the largest independent investor conference focused on publicly traded biotechnology companies. For more information on the list of presenting companies or to register for the event, please visit http://www.ceo.bio.org.
About the Company: Based in North Brunswick, New Jersey, Advaxis is developing proprietary Listeria monocytogenes (Lm) cancer vaccines based on technology developed by Dr. Yvonne Paterson, professor of microbiology at the University of Pennsylvania and chairperson of Advaxis' scientific advisory board. Advaxis is developing attenuated live Lm vaccines that deliver engineered tumor antigens, which stimulate multiple simultaneous immunological mechanisms to fight cancer.
In Advaxis' Phase I clinical trial, a live Lm vaccine directed against the tumor-associated antigen HPV-16-E7 was safely administered to fifteen (15) women with recurrent, advanced, metastatic cancer of the cervix. Although this first trial of an Lm vaccine in humans was not designed or powered to prove efficacy, Advaxis believes an efficacy signal was observed that will be further explored in two (2) planned Phase II trials in the US and India in cervical cancer and its predecessor condition, cervical intraepithelial neoplasia (CIN). Advaxis now has nine (9) distinct cancer fighting constructs in various stages of development, both directly and with academic collaborators. For further information on the Company, please visit: www.advaxis.com.
Market Commentary: Job openings edged up to 2.5 million from 2.4 million in November, the Labor Department said in its monthly Job Openings and Labor Turnover Survey. At the same time, the number of unemployed workers fell 73,000 to 15.3 million.
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