LJPC, UBRG, MFLI, BLGW, HCKI "Redhotpennystock.com Alert"
(M2 PressWIRE Via Acquire Media NewsEdge) Bull in Advantage, LLC a.k.a. Redhotpennystock.com names:La Jolla Pharmaceutical Company (NASDAQ: LJPC), Universal Bioenergy, (Pink Sheets:UBRG), Muscle Flex Inc. (www.MuscleFlex.com) (PINKSHEETS: MFLI), Bloggerwave Inc. (OTCBB: BLGW) and Hackett's Stores, Inc. (Pink Sheets: HCKI) its "Redhotpennystock.com Alert."
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La Jolla Pharmaceutical Company (NASDAQ: LJPC - http://finance.yahoo.com/q?s=LJPC)
Jan. 25th, 2010-- La Jolla Pharmaceutical Company (NASDAQ: LJPC) today announced that it received a delisting notice from the Nasdaq Stock Market LLC on January 19, 2010. The notice indicates Nasdaq's belief that the Company is operating as a "public shell" and that the resulting entity in the proposed merger between the Company and Adamis Pharmaceuticals Corporation (OTCBB: ADMP.OB) will not meet Nasdaq's initial listing requirements. Nasdaq has determined that the continued listing and trading of public shells could be detrimental to the interests of the investing public. Listing Rule 5101 provides Nasdaq with discretionary authority to apply more stringent criteria for continued listing and terminate the inclusion of particular securities based on any event that occurs that in the opinion of Nasdaq makes inclusion of the securities on Nasdaq inadvisable or unwarranted.
The Company intends to appeal the determination in the January 19 letter. Absent such an appeal, trading of the Company's common stock would be suspended at the open of business on January 28, 2010 and a Form 25-NSE would be filed with the Securities and Exchange Commission to remove the Company's securities from listing and registration on Nasdaq.
The Company's appeal will stay the suspension of the trading of the Company's common stock pending a final decision by a Nasdaq Listing Qualifications Panel. Accordingly, the Company does not expect any change to its listing status until after the hearing date, which is expected to take place within four to six weeks. Notwithstanding the appeal, the Company expects that its stock will be delisted following the completion of the merger with Adamis as the transaction will constitute a change of control and the combined entity is not expected to satisfy the Nasdaq initial listing standards that would be applied at that time.
Universal Bioenergy, (Pink Sheets: UBRG - http://finance.yahoo.com/q?s=UBRG)
Jan. 26th, 2010-- Universal Bioenergy Inc. (Pink Sheets:UBRG) announced it is planning several major acquisitions as part of its new progressive business strategy. Universal is presently in high level talks with several companies in the energy and related industries to acquire them.
As indicated in a recent SEC filing, the company has executed formal Letters of Intent with at least two companies to acquire them. Based solely on the initial due diligence, management believes that if the acquisitions are completed, the projected purchase value of these acquisitions will be in the $10 to $15 million range, and the potential operating profit to be generated from these acquisitions is estimated at $2.5 to $3.6 million annually.
The acquisitions will allow Universal to sell biodiesel fuel, energy products and green technologies through these acquired companies and their existing national and regional marketing forces and distribution channels.
Universal's CEO, Dr. Richard Craven, says, "We still intend to be in the biodiesel fuel business. We're also diversifying to have multiple streams of income from several core energy service businesses that have synergies with our own. We believe this will bring in significant additional revenue and profit for the company. This will help us build a strong profitable company for the long-term benefit of our shareholders."
About The Company
Universal Bioenergy Inc. is an alternative "Green Energy" company, and intends to create and market alternative energy sources including Solar, Biofuels, Wind, Synthetic Fuels and other related energy technology products. It plans to build the company into a prominent player in alternative green energy.
For inquiries contact: Investor Relations at 888-263-2009.
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784
Muscle Flex Inc. (www.MuscleFlex.com) (PINKSHEETS: MFLI - http://finance.yahoo.com/q?s=MFLI.pk)
Jan. 27th, 2010-- Muscle Flex Inc. (www.MuscleFlex.com) (PINKSHEETS: MFLI) announced today that it will make a major media announcement on Tuesday, February 2, 2010 with regards to its company defining television project. Muscle Flex Inc. has been developing this media project for several months and has worked with its marketing partner TLK Fusion (www.TLKFusion.com) to bring the project to an advanced stage of development with some of Hollywood's most influential players.
In November 2009, Muscle Flex signed with Hollywood heavyweight public relations and marketing firm TLK Fusion (www.TLKFusion.com). With TLK Fusion's influential relationships within the entertainment industry, the Muscle Flex media project was introduced to some of Hollywood's elite. During the past two months, both Muscle Flex and TLK Fusion have developed the project to an advanced stage in concert with a number of Hollywood's most influential and powerful entities.
"I describe this Muscle Flex project as a 'company defining media project' given the size and scope of the project and the individuals involved," commented Danny Alex, CEO of Muscle Flex Inc. "On February 2, we will be in a position to provide investors with details of the project as well as additional information with regards to our partners who are helping bring this project to reality. At this point, everyone who has been introduced to the project has been very eager to be involved which has validated all of the work that has been put into it thus far as well as its viability."
About Muscle Flex Inc. (www.MuscleFlex.com)
Muscle Flex is a leading edge fitness, health and lifestyle company that develops exciting brands and new products to market using direct response TV advertising and commercials as well as cutting edge brand and image marketing through the creation of television media content for network and cable television distribution.
Bloggerwave Inc. (OTCBB: BLGW - http://finance.yahoo.com/q?s=BLGW.ob)
Jan. 28th, 2010-- Bloggerwave Inc. (OTCBB: BLGW) ("Bloggerwave"), a global leader in commercial blogging, is pleased to announce that its common stock now trades on the OTC Bulletin Board under the ticker symbol BLGW.OB.
Bloggerwave is a European-based start-up that is rapidly growing its presence in the United States. It delivers impressive promotion results for companies who wish to have their products and services promoted on blogs. The company is currently the leader of its kind among its European competitors, and is now focussing its efforts on fully capturing the U.S. market.
Bloggerwave helps its corporate clients harness the power of the Internet by leveraging the power and credibility of blogs to promote products and services. It connects clients directly with thousands of pre-approved bloggers around the globe, giving the bloggers the opportunity to write about and review specific products or services and promote the company's website. Once a company is blogged about, it increases its Internet buzz, credibility, site hits, ranking on search engines -- and ultimately, its bottom line. Bloggerwave has shot to the top in just three years of operation, achieving status as the No. 1 company of its kind worldwide and 3rd in the U.S. market. Bloggerwave is now focusing on becoming the best among its U.S. competitors.
Hackett's Stores, Inc. (Pink Sheets: HCKI - http://finance.yahoo.com/q?s=HCKI.pk)
Jan. 28th, 2009-- Hackett's Stores, Inc. (Pink Sheets:HCKI) is pleased to announce that subsidiary Patrick Hackett Hardware Company continues to stabilize, and recently has seen an increase in vendors and growth in sales and cash flows.
Herbert Becker, President of Patrick Hackett Hardware Company, stated, "We have made great progress over the past few months in regard to reestablishing ourselves and remerchandising our stores. During this period vendor confidence in our operations has increased dramatically, and we have seen the return of key vendors as Columbia, Lee Jeans, Woolrich and Adidas, among others. We also expanded our merchandise offerings through the addition vendors such as Hasbro, Panasonic, Samsung, and Point Zero."
Mr. Becker continued, "Of course, there's no cookie-cutter approach to a businesses emerging from Chapter 11, but over the past several months we have cut costs, realigned stores, improved our merchandising and marketing and added new vendors. We have strengthened our buying department and made changes to store-level management." Mr. Becker added, "These efforts seem to be paying off as Hackett's is enjoying the best January it has in three years in terms of sales. With these changes in place, we are now ready to focus on becoming a fiscally strong retail department store in upstate New York, which should hopefully position Patrick Hackett Hardware Company for emergence from Chapter 11."
Herbert Becker, President of Patrick Hackett Hardware Company, can be reached for questions or comments at firstname.lastname@example.org.
Patrick Hackett Hardware Company has a wide variety of merchandise and business lines, including a full service paint department, consumer electronics, equipment rental, brand name clothing, footwear, sporting goods and gourmet foods. Hackett's Stores, Inc. is majority owned by Seaway Valley Capital Corporation (Pink Sheets:SEVA).
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