Tradersnewsletters.com, a leading online financial newsletter source, Reports on the following Companies: Cereplast, Inc. (OTCQB: CERP), Alliqua, Inc. (OTCQB: ALQA), Tao Minerals Ltd. (OTCPINK: TAON), GroveWare Technologies Ltd. (OTCQB: GROV)
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Cereplast, Inc. (OTCQB: CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013. The Italian Application Decree, which mandates that companies discontinue the use of traditional plastic bags in favor of bioplastic bags or other alternatives, continues to drive demand for the Cereplast Compostables(R) blown film grades. The new orders were fulfilled utilizing existing inventory and were paid in advance of shipment or within conservative credit terms.
Alliqua, Inc. (OTCQB: ALQA) today announced a strategic realignment of the senior executive team. This change is designed to strengthen the leadership of the Company's differentiated businesses including the sales of Alliqua's marketed brands, SilverSeal and Hydress. The Alliqua Board of Directors has approved David Johnson, who joined the Board in December of 2012 and is currently the executive chairman of AquaMed Technologies, to now assume the additional responsibility of chief executive officer of Alliqua, Inc. Concurrently, James Sapirstein will become the chief executive officer of Alliqua BioMedical, Inc., a wholly-owned subsidiary of the Company."David is an excellent choice to take on these additional responsibilities, with his deep background in leading world class organizations, most recently Convatec Inc., a $1.7 billion global leader in wound therapeutic technologies; and will position the company well to build value for our shareholders," said Jerome Zeldis, M.D., Ph.D., chairman of the Alliqua Board of Directors. "Under James Sapirstein's leadership as CEO, Alliqua has adopted a new a strategic corporate plan including a process to bolstering our proprietary product pipeline. His skills and counsel will continue to be valuable to Alliqua as we move forward and take the next step by realigning our leadership team to best support our business."
GroveWare Technologies Ltd. (OTCQB: GROV) has moved forward in the process of acquiring the Department of Defense's Certification of Networthiness (CoN) for its flagship application, MobiTask(TM) and eXFORMA for use in US Army. MobiTask(TM) is Groveware flagship software for mobile business process management (BPM) solution, designed to help organizations from paper-based processes to a wireless tablet. The Networthiness Certification program was designed by the DOD to manage risks associated with implementing Information Systems that use Information Technology infrastructures within any of the DOD's agencies. CoN is given after an assessment made based on security, reliability, supportability, sustainability, and interoperability with the organization's existing networks and IT infrastructure. The certificate is required for all external software that is deployed on any of the DOD's agencies including the U.S. Army. GroveWare has been working with the U.S. Army to acquire DOD's CoN as a stepping stone to obtaining the U.S. Army's Certification. The process is necessary in order to move forward in an initiative of the U.S. Army to implement MobiTask(TM) in the Military Police on a reserve. This initiative will replace the current paper-based reporting system with a tablet-based system that puts MobiTask in the hands of MP in the field. The project is expected to be a major overhaul of the reporting process in order to improve communication between the office and the officers in the field, data integrity and wasted time spent on duplicate data entry.
Tao Minerals Ltd. (OTCPINK: TAON) is pleased to announce the signing of a Letter of Intent (LOI) to acquire the La Ahuyama property from Canam Mineria SAS of Medellin, Colombia. The La Ahuyama property is located in the Bolivar Department of Colombia. Government recorded gold production from the region, between 1987 and 1994 is ca. 1,271,000 ounces of gold, and the region is presently reporting the highest annual gold production in Colombia, averaging ca. 275,000 ounces per year since 1991. Tao president, James A. Sikora, stated that Tao is very pleased to have executed this LOI to acquire an excellent and key project in such a strategic gold mining district of Colombia.
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