Hot Stocks to Watch for Thursday, November 30, 2006: Acquiring Major Player in Africa RX!
Market Wire, November, 2006
TheSUBWAY.com announces the following stocks to its Hot Stocks List: Diamond Entertainment Corporation, dba e-DMEC, (OTCBB: DMEC), Dynavax Technologies Corporation (NASDAQ: DVAX), Wireless Ronin Technologies Inc. (NASDAQ: RNIN), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA).
Diamond Entertainment Corporation, dba e-DMEC, (OTCBB: DMEC), just announced signing a letter of intent to acquire RX for Africa, Inc., and all its wholly owned subsidiaries. As part of the letter of intent, the Company will initially receive a bridge loan in the form of convertible notes totaling $1,150,000 of which $850,000 will be loaned by the Company to RX for Africa, Inc. Upon the signing of a definitive merger agreement, the Company will receive a second traunch of funding in the form of convertible notes for an additional $1,150,000 to be utilized by RX for Africa, Inc.
"This capital infusion," Dr. Mulugetta Bezzabeh, Chairman and CEO of RX Africa (Ethiopia) PLC, commented, "will make us a major player in Ethiopia and surrounding countries such as Kenya, Tanzania and Uganda. Within six months we will gain regulatory approval from the Ethiopian authorities and launch 30 new products, every one of which is in great demand in Ethiopia, and the region. Ultimately, we will also be a significant factor in the distribution of HIV/AIDS drugs to the region. The upgrade of our facilities necessary to comply with US FDA standards is minor in scope, and should be achieved shortly."
Other stocks highlighted include Dynavax Technologies Corporation (NASDAQ: DVAX): Hot Stocks List, up 32% on 19 million shares, Wireless Ronin Technologies Inc. (NASDAQ: RNIN): Hot Stocks List, up 57% on 5 million shares, Arena Pharmaceuticals, Inc. (NASDAQ: ARNA): Hot Stocks List, down 5% on 1 million shares.
"Federal Reserve policymakers left interest rates unchanged after their most recent meeting on September 20, for a second straight time, signaling that the central bank doesn't believe inflation is an immediate threat at the moment and that growth in the economy has slowed to a moderate pace. A sharp drop in oil prices has helped stem inflation fears, although the core rate is more closely watched by the Federal Open Market Committee." More is available at: http://www.thesubway.com .
TheSUBWAY.com's Daily Stock Updates:
TheSUBWAY.com, a leader in corporate communications and finance, highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed. For more go to http://www.thesubway.com .
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRG has been compensated zero dollars for DMEC. Through previous contracts, CRG has received seventy five thousand dollars for DMEC. Currently, CRG has not been compensated but could receive up to one hundred thousand dollars for DMEC. CRG intends to sell its shares. CRG has sold approximately zero DMEC shares to date. CRG may sell its shares for less than the target price given in this opinion. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. CRG's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned within and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Chuck Tamburello Phone: 954-217-8555 Fax: 954-217-1500
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