tockguru.com: While Konigsberg Corporation Unveils Site Survey Plans, Other Companies Provide Filing Dates, Reduce Debt, Share Distribution Information, and Release SEC Investigation News
11/27/2006
Dallas, Texas, Nov 27, 2006 (M2 PRESSWIRE via COMTEX News Network) --
StockGuru Pre-Market Updates for Monday include Pachinko World Inc (OTCBB:PCHW), Advanced Plant Pharmaceuticals Inc (OTCBB:APPI), Amazon Biotech, Inc. (OTCBB:AMZB), Konigsberg Corporation (OTCBB:KGBC), Whitney Information Network, Inc. (OTCBB:RUSS), and MSC.Software Corporation (NASDAQ: MSCS). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
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Pachinko World Inc (OTCBB:PCHW) - Friday's shares fell 23.64%, to $0.420. The volume was at 415,980. This owner and operator of stores in Japan offering pachinko gaming entertainment, on 22 November said that it intends to file a Form 15 with the US Securities and Exchange Commission (SEC) on or about 22 December 2006. The move aims to voluntarily deregister the company's common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. Pachinko World is eligible to deregister and suspend its reporting obligations by filing a Form 15 because it has fewer than 300 common stock shareholders on record. Pursuant to deregistering its common stock with the SEC and suspending its reporting obligations, the company's common stock will no longer be eligible for trading on the OTCBB. According to Pachinko World's board of directors, deregistering and suspending its reporting obligations will result in accounting, legal and administrative expense reductions for the company and allow Pachinko World management to focus more time and resources on company operations and improving shareholder value.
Pachinko World (formerly Exam USA, Inc.), through its subsidiaries, primarily engages in the ownership and operation of stores in Japan offering pachinko gaming entertainment. As of May 31, 2006, the Company operated seven stores, comprising 3,392 pachinko and pachislo machines. Its stores are located in the Aichi prefecture and Tochigi prefecture in the north of Japan's greater Kanto area. Founded by Yoneji Hirabayashi in 1956, the Company is headquartered in Huntington Beach, California.
For a quote and the latest news on this company, please visit: www.stockguru.com/profiles/PCHW.php .
Advanced Plant Pharmaceuticals Inc (OTCBB:APPI) - Friday's shares stayed even at $0.004. The volume was 13,795,870. The researcher and developer of whole plant-based nutritionals, announced on Wednesday (22 November) that the company has reduced its debt by more than USD1.5m. The company said that it has also negotiated with many of its debtholders to accept equity as payment for retiring the majority of the outstanding debt.
Advanced Plant Pharmaceuticals, Inc. (APPI) focuses on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(tm) worldwide through various sales distribution channels.
For a quote and the latest news on this company, please visit: www.stockguru.com/profiles/APPI.php .
Amazon Biotech, Inc. (OTCBB:AMZB) - Friday's shares stayed even at $0.08300. The volume was at 260,000. Amazon Biotech, Inc. announced that its distributor in the Philippines, Union Bless Herbal Products, is applying for an amendment to its current approved drug import license, in order to include Amazon as an approved supplier. BFAD, the Philippines Bureau of Food and Drugs, is the governmental body responsible for granting import licenses for foods and drugs into the Philippines. Union Bless Herbal Products has been granted such a license for natural drug therapies, and now is adding Amazon Biotech to that license for the importation of AMZ0026, Amazon Biotech's therapeutic herbal composition and primary drug candidate for HIV/AIDS. Although it does not imply approval for distribution, receiving this import license is the first step to conduct clinical trials in that country. AMZ0026 is currently under Investigational New Drug (IND) status by the US FDA to undergo Phase I/II studies in humans. AMZ0026 has been shown to exhibit potential therapeutically beneficial effects on the immune system of immunodeficient HIV/AIDS patients, particularly with respect to elevation of CD4 levels in preliminary clinical case studies.
Amazon Biotech, Inc. is a natural plant pharmaceutical company, primarily developing immune modulator drugs. AMZ0026 is the company's first such drug, which is to be used for the treatment of HIV/AIDS. The company plans on initiating Phase I/II clinical studies of AMZ0026 in the near future, with an eventual goal of attracting a joint venture partner with a major pharmaceutical company in Phase III trials, or follow the FDA Fast Track program to market. Amazon Biotech specializes in natural plant pharmaceutical drugs and is focused on bringing healthier pharmaceutical drugs to market.
For a quote and the latest news on this company, please visit: www.stockguru.com/profiles/AMZB.php .
Konigsberg Corporation (OTCBB:KGBC) - Friday's shares declined 2.78% to $0.350. The volume was at 33,728. Konigsberg is pleased to announce that its operator, West Timmins Mining Inc. (TSX: WTM) has notified the company that Aeroquest International Limited ("AQL") of Milton, Ontario has been contracted to conduct a high resolution airborne magnetic and electromagnetic survey of the entire Yoquivo Project area. The survey is expected to be completed by the end of November. AQL will be using their proprietary helicopter mounted Aerotem II system. The airborne data will aid significantly in completing the evaluation of the structural controls on mineralization and alteration trends in the Yoquivo District and further assist in drill target definition. The Company has also commenced the drill permitting process. AQL, a Canadian company established in 1988, operated the proprietary high-resolution airborne geophysical system called AeroTEM, which became operational in 2002 after 15 years of research and development. The AeroTEM system provides superior accuracy and AQL claims that the system is directly responsible for over a dozen mineral discoveries since 2002.
Konigsberg Corporation ("Konigsberg") (OTCBB: KGBC) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. Konigsberg has entered into a 50/50 joint venture with West Timmins Mining Inc on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.
For a quote and the latest news on this company, please visit: www.stockguru.com/profiles/KGBC.php .