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MOBI, REDF, JADE, ENZ, PWRM Stock Market Update from DrStockPick.com

Enzo Biochem, Inc. (NYSE:ENZ) reported improved sequential results for the first fiscal quarter ended October 31, 2010, the result of recent programs to reduce expenses, consolidate activities and expand operations.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jan. 4, 2011 - Enzo Biochem, Inc. (NYSE:ENZ) reported improved sequential results for the first fiscal quarter ended October 31, 2010, the result of recent programs to reduce expenses, consolidate activities and expand operations.

Enzo Life Sciences is a leading manufacturer of high quality reagents, kits and products supplied to scientific researchers in academia, clinical research and drug discovery. With direct sales operations in US, Switzerland, Germany, UK, France and Benelux, Enzo Life Sciences also supports its 8000 products through a global network of dedicated distributors.

Enzo Biochem is a leading life sciences and biotechnology company focused on harnessing genetic processes to develop research tools, diagnostics and therapeutics and provides reference laboratory services to the medical community.

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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, recently announced that it has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc.

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 PWRM is using to identify disease-specific protein biomarkers and develop them into screening and diagnostic tests to address unmet medical needs.

Rozetta-Cell Life Sciences, Inc. is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. 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.

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Sky-mobi Limited (Nasdaq:MOBI) recently announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by Sky-mobi Limited (Sky-mobi), a Cayman Islands company based in China, as the depositary bank for its NASDAQ-listed Level 3 American Depositary Receipt (ADR) program.

Sky-mobi Limited operates the mobile application store in China. The company works with handset companies to pre-install its Maopao mobile application store on handsets and with content developers to provide users with applications and content titles. Users of its Maopao store can browse, download, and purchase a range of applications and content, such as single-player games, mobile music, and books.

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Rediff.com India Ltd. (Nasdaq:REDF) recently announced their first 10 of ’10 list, the top 10 Bollywood songs of the year. The list is based on the songs that users have been streaming on the service. The ranking takes into account both traditional parameters like number of listeners and social parameters like number of times the song was shared, number of comments on the song, etc.

Rediff.com India Limited provides online Internet based services with a focus on India and the global Indian community. Its Web sites consist of interest specific channels relevant to Indian interests, including cricket; astrology; matchmaker and movies; content on various matters, such as news and finance; search facilities; a range of community features comprising e-mail, chat, messenger, and e-commerce.

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LJ International Inc. (Nasdaq:JADE) recently announced that it has received a credit facility of approximately $12 million from China Construction Bank to fund further expansion of the ENZO chain of retail jewelry stores in China. China Construction Bank is one of the "big four" banks in the People's Republic of China.

LJ International Inc., together with its subsidiaries, engages in the design, manufacture, marketing, and sale of precious and color gemstones, and diamond jewelry. The company offers colored jewelry; and pieces set in yellow gold, white gold, platinum, or sterling silver and adorned with colored stones, diamonds, pearls, and precious stones.



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Source:Lynn Lumpkin
Industry:Business, Finance, Stocks
Tags:Mobi, redf, jade, enz, pwrm, power3 medical products, enzo biochem, nyse:enz, biomedical, biotechnology
Shortcut:prlog.org/11194587
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