FinancialNewsMedia.com "stocks to watch" for today: VSUS
Technologies, Inc. (OTCQB: VSUT), Pub Crawl Holdings, Inc. (OTCQB:
PBCW), National Graphite Corp, (OTCQB: NGRC), Galena Biopharma,
Inc. (NASDAQ: GALE)
News Alert issued for (OTCQB:
VSUT): VSUS Technologies Inc. Announces Retirement
of Debt and Board Resignations
Headline News: VSUS Technologies Inc. (OTCQB: VSUT) announced
today before the markets open for trading it has retired
significant company debt. The Company is also announcing the
resignation of two officers.
Get News Alerts & Updates for VSUS
Technologies, Inc. delivered directly to your Mobile Phone. Text
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Kyle Gotshalk and Cherish Adams have resigned as officers of
VSUS Technologies Inc. Their resignations were part of a debt
settlement agreement and not due to any disagreements or conflicts
with the company or its management. VSUS Technologies has entered
into a debt settlement agreement with Ararat LLC that will reduce
the company's liabilities by approximately $500,000. The Company
has also paid in full two convertible promissory notes with Asher
Enterprises totaling approximately $80,000 in principal, interest,
and premium. The Company still has a third note with Asher it
intends to pay in full next month. The retirement of this debt not
only significantly reduces company liabilities but also the expense
associated with carrying that debt.
The two resigning directors have returned approximately 7.75
Million shares to the company which currently has 75,938,476 shares
outstanding. According to our transfer agent, as of December 3,
2012, there are 20,713,000 shares with CEDE & Co., nominee for
the Depository Trust Corporation (DTC).
"We have made considerable progress with our studies and land
surveys in Colombia; we expect to submit both our environmental
impact assessment and works program to the proper agencies in the
coming weeks. We will begin to interview operators and execute land
purchase agreements in the next quarter," commented John Campo,
President.
For more details and to read the entire press release issued by
VSUT that includes the full company disclosures please go to
http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=229
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Pub Crawl Holdings, Inc. (OTCQB: PBCW) announced Monday after
the markets closed for trading, it will merge with Mobile Dynamic
Marketing Inc. in the business of hospitality software development.
Mobile Dynamic Marketing is a mobile application marketing company
that provides standardized app platforms for various market
verticals.
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National Graphite Corp, (OTCQB: NGRC) is an American based
graphite development company focused on bringing the Chedic
Graphite Mine back into commercial production to supply the fast
growing graphite mineral market. NGRC recently announced that the
Samples from the production pit yielded a 25% to 40% grade with the
potential to yield over 1,000,000 tons of graphite.
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Galena Biopharma, Inc. (NASDAQ: GALE), a biotechnology company
focused on developing innovative, targeted oncology treatments,
today announced it has signed an agreement with a subsidiary of
Teva Pharmaceutical Industries Limited for the commercialization of
NeuVax™ (nelipepimut-S or E75) in Israel. "This agreement is the
first piece of our global commercialization strategy," said Mark
Ahn, Ph.D., President and Chief Executive Officer, Galena
Biopharma.
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