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Urre, Enz, Mags, Orfg, Ruth - Stock Report From Drstockpick.com!

Enzo Biochem, Inc. (NYSE:ENZ) 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.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jan. 14, 2011 - Enzo Biochem, Inc. (NYSE:ENZ) 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.

Enzo Biochem, Inc. 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.

The Company's financial condition remained strong, with working capital of $42.1 million. As of October 31, 2010, cash and cash equivalents, plus short term investments in US Treasury Bills, totaled $31.6 million. At November 30, 2010 Enzo’s cash, and cash equivalents and short-term investments were $33.9 million, which exceeded the July 31, 2010 balance by $0.3 million. Cash utilization in operations declined year over year by approximately $1 million to $1.8 million principally due to the reduced loss in the 2011 period. Management’s plan is to move towards being cash flow positive from operations in calendar 2011. There was no debt.

Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including esoteric tests, to the medical community. Since our founding in 1976, our strategic focus has been on the development of enabling technologies in the life sciences field.

Enzo Life Sciences develops, produces and markets proprietary labeling and detection products for gene sequencing, genetic analysis and immunological research, among others.

Enzo Clinical Labs provides laboratory services for a growing roster of physicians in the New York Metropolitan area, Eastern Pennsylvania and New Jersey. Its tests include, in addition to routine tests, capabilities for detecting molecular infection disease, molecular oncology, autoimmune disorders and genetics.

Enzo Therapeutics is a biopharmaceutical venture that has developed multiple novel approaches in the areas of gastrointestinal, infectious, ophthalmic and metabolic diseases.

In the course of the company’s research and development activities, Enzo has also developed a substantial portfolio of intellectual property asset with patent coverage across a number of key technologies

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Orofino Gold Corp. (ORFG.PK) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.

La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.

La (Mina) Azul/La Estrella:

* Assays of copper-gold samples ran in excess of 40g/t gold, and contain up to 8% copper, bornite and cholcopyrite.
* The interpretation and the prospectivity of this concession has been confirmed by an Orofino Qualified Person (as described by the 43-101 compliant standard).
* The area is the site of economic mining activity and it is unlikely that the true grade of gold mineralization has been determined by the crude benefication methods employed by the resident miners.
* The existing process of using mercury amalgamation to collect the free gold after grinding, followed by cyanide leach of the crushed material would not, for example, liberate gold tied up in the sulphides.

development)

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Ruth's Hospitality Group Inc. (Nasdaq:RUTH) reported preliminary unaudited sales results for its fourth quarter ended December 26, 2010. Company-owned restaurant sales, excluding franchise and other income, increased 8.0% to $90.4 million for the fourth quarter of 2010 versus $83.8 million for the fourth quarter of 2009. Company-owned comparable restaurant sales for Ruth's Chris Steak House increased 9.2%.  The Company expects to release unaudited financial results for its fourth quarter ended December 26, 2010 on February 18, 2011.

Ruth’s Hospitality Group, Inc., together with its subsidiaries, operates restaurants in the United States and internationally.

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Magal Security Systems Ltd. (Nasdaq:MAGS) announced that it has received a $2.6 million order for an integrated solution to secure a seaport in West Africa. This is the second order received within the past few weeks for a port security solution in the region. Magal S3 will deliver an integrated solution including a variety of security systems, including DTR (taut wire) which will be deployed on a wall running several kilometers along the coastline, gates and access control, radio communications, static and PTZ cameras.

Magal Security Systems Ltd., together with its subsidiaries, engages in the development, manufacture, marketing, and sale of computerized security systems used to detect and deter human intrusion for civilian and military markets. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas.

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Uranium Resources, Inc. (Nasdaq:URRE) announced that it has completed an agreement to explore 53,500 acres in Kenedy County, Texas, for three years, with an option to lease the acreage for uranium production. The lease would have a primary term of eight years after lease commencement.

Uranium Resources, Inc. engages in the acquisition, exploration, development, and mining of uranium properties, using the in situ recovery or solution mining process. It owns developed and undeveloped uranium properties in South Texas; and undeveloped uranium properties in New Mexico.

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Source:Karl McMahon
Industry:Business, Finance, Stocks
Tags:biomedical, biotechnology, enz, enzo biochem, exploration, genetic process, gold mining, life sciences, magal security
Shortcut:prlog.org/11221918
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