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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.
By: Karl McMahon
 
Nov. 30, 2010 - PRLog -- 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 recently that it has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc. Power3 plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company in the merger.

Rozetta-Cell is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. The company has a robust intellectual property portfolio and has created numerous products for adult stem cell therapy that are ready for market globally. Rozetta-Cell also has several collaborations in process through which it is partnering with industry-leading adult stem cell research companies and adult stem cell vendors.

"We are very excited to be acquiring Rozetta-Cell Life Sciences," stated Ira L. Goldknopf, President and Chief Scientific Officer of Power3 Medical Products, Inc. "Rozetta-Cell brings us a tremendous amount of complementary adult stem cell therapy technology, know-how and experience. With the addition of Rozetta-Cell, Power3 will significantly strengthen its IP portfolio in a major growth market by merging regenerative medicine with the technologies that we are using to identify disease-specific protein biomarkers and develop them into screening and diagnostic tests to address unmet medical needs."

Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease).

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HIRU CORPORATION (Other OTC- HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.

The company's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.

HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.

In other corporate news, Hiru Corporation's subsidiary, Shuangshi AHP Co.'s, sales department recently held a large-scale product promotion fair.

The fair attracted many people, with many customers placing orders right on the spot. The total order amount generated about 300,000 Yuan (approximately $45,000 USD) by the end of the fair.

Hiru is pleased with the promotion and the new business that it initiated.



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Ceragon Networks Ltd.  the provider of high-capacity, 4G/LTE-ready wireless backhaul networks, announced that leading Nigerian Internet service provider, Direct On PC (DOPC) Ltd has chosen Ceragon’s wireless backhaul solutions to expand its WiMAX-based “Unwired” Mobile 4G Broadband Services network. DOPC is scheduled to roll out the largest 4G network in Lagos before the end of 2010. To follow-up, DOPC plans to expand this network into the Nigerian cities of Abuja and Port-Harcourt early next year. DOPC chose to build their backhaul network with Ceragon’s high-capacity wireless solutions to provide its customers with mobile broadband services at affordable prices. With an expanded 4G network, DOPC can offer home users and businesses applications like entertainment, telephony, high-end video conferencing, live security streaming services, virtual private networks (VPNs) and more. DOPC will utilize Ceragon’s high-capacity wireless solutions in both-all-indoor as well as split-mount configurations.



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Vascular Solutions Inc.  announced that the Company is scheduled to present at the 5th Annual Canaccord Genuity Cardiovascular, Diabetes and Obesity Conference in San Francisco on Tuesday, December 7th at 2:00pm (PST). Howard Root, Chief Executive Officer of Vascular Solutions, will deliver the Company’s presentation. To hear the live audio webcast and view the slides of the Vascular Solutions’ presentation, go to the investor relations page of the Company’s web site and click on the “IR Conferences” icon a few minutes prior to start time to download any necessary software.


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General Communication Inc.  announced its third quarter 2010 results with revenues increasing to $171.5 million and adjusted EBITDA increasing to a record $62.7 million. After the close of the third quarter, GCI repurchased approximately 7.5 million GCI shares held by Arctic Slope Regional Corporation (”ASRC”). Revenues for the third quarter increased 13.7 percent over revenues of $150.8 million in the third quarter of 2009 and adjusted EBITDA increased $12.4 million or 24.8 percent over the third quarter 2009 EBITDA of $50.3 million. EBITDA margin for the third quarter of 2010 improved to 36.6 percent as compared to 33.3 percent in the prior year. Net income for the third quarter of 2010 totaled $7.6 million or earnings per diluted share of $0.14 and compares to net income of $4.3 million, or earnings per diluted share of $0.08 for the same period of 2009.

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Crown Equity Holdings Inc. (CRWE.OB) has received 1,000,000 shares 144 restricted stocks for IT department services from Power 3 Medical Products Inc. (PWRM.OB).

Crown Equity Holdings Inc. (CRWE.OB) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for Hiru Corporation (HIRU.PK)
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