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Follow on Google News | PWRM, HES, CRWE, FCH, NM, HW - Market Update From DrStockPick.com!Power3 Medical Products, Inc. (OTC.BB:PWRM) is a leading bio-technology company focused on the development of innovative diagnostic tests
By: Karl McMahon Alzheimer's disease is among the most well known forms of dementia, a broad term when it comes to forgetfulness and other intellectual abilities critical enough to obstruct everyday life. Alzheimer's disease is the cause for 50 to 70 per cent of dementia cases. Worldwide, breast cancer comprises 10.4% of all cancer occurrence among women, rendering it the most common form of non-skin cancer in females and the fifth most typical reason for cancer death. Parkinson's disease (PD) is part of a team of ailments known as motor system disorders, which are the result of the loss of dopamine-producing brain cells. The 4 fundamental symptoms of PD are tremor, or moving in hands, arms, legs, jaw, and face; hardness, or perhaps tightness of your limbs and trunk; bradykinesia, or slowness to move; and postural lack of stability, or inable sense of balance and also co-ordination. As far as signs and symptoms, as they are more noticable, patients might have trouble walking, talking, or finishing many other very simple tasks. In additional news, Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011. Rozetta-Cell is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. **************************************************** Hess Corporation announced that is has completed the acquisition of 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The acquired properties are located near Hess’ existing acreage and have current net production of approximately 4,400 boe/d. The Company also recently announced that it has completed the acquisition of American Oil & Gas Inc. The all-stock transaction increases Hess' strategic position in the Bakken oil play in North Dakota by approximately 85,000 net acres. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. **************************************************** Crown Equity Holdings Inc. announced recently that its subsidiary company, Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year. The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. **************************************************** Headwaters Inc. announced it has amended the $70 million asset based loan credit facility (“ABL Revolver”). Among other things, the amendment reduces the interest rate on LIBOR borrowings by 150 basis points, removes the asset disposal restriction on non-borrower subsidiaries, and increases the availability to make strategic permitted acquisitions aggregating up to $10 million annually, subject to a $30 million cap during the term of the ABL Revolver. The fixed charge coverage ratio covenant was amended to drop the trigger of available borrowings to revolving loan commitments from 50% down to 15% with the triggered ratio being reduced from 1.1 to 1.0. The new amendment provides the ability to prepay senior secured notes among other conditions; available borrowings are greater than 50% of revolving loan commitments. Headwaters Incorporated provides products, technologies, and services in the building products, construction material, and energy industries primarily in the United States and Canada. **************************************************** Navios Maritime Holdings Inc. announced that it has agreed to purchase $131.3 million of certain series of the 2% Mandatorily Convertible Preferred Stock (”Preferred Stock”) previously issued in connection with the acquisition of Capesize vessels. Navios Holdings will pay $49.2 million in cash for $131.3 million of Preferred Stock, reflecting a 62.5% discount to the face amount. No dividend payment will be made on such stock for the fourth quarter of 2010, and it is anticipated that the purchase will be completed in 2010. The holder of the Preferred Stock was entitled to receive an annual dividend of $2.6 million, payable quarterly, until such stock was converted into common stock. Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company. **************************************************** FelCor Lodging Trust Inc. announced the sale of the 443-room Sheraton Premiere Hotel at Tysons Corner in Vienna, Virginia to The JBG Companies for $84.5 million in cash. The hotel will continue to be managed by Starwood Hotels & Resorts as a Sheraton under a long-term management contract. The property was owned in a joint venture between FelCor and Starwood Hotels & Resorts Worldwide Inc. FelCor received $42.25 million in gross proceeds, and there was no debt associated with the hotel. The sale price, approximately $191,000 per key, is approximately 23 times trailing-twelve- FelCor Lodging Trust Incorporated operates as a lodging real estate investment trust (REIT) primarily in the United States. ************************************************************ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/ End
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