NaturalNano Inc. (NNAN) leaps on new drug presentation

NaturalNano Inc. (OTCBB: NNAN) shares triumphed 33.3% to two-10ths of a cent Wednesday morning, on news that breakthroughs for the company’s cancer treatment. Volume for the stock measured 29.1 million shares.

A news release issued August 24 had the Rochester, New York-based NaturalNano announcing today that Dr. Michael King of Cornell University will present his recent work today at the Cancer Summit in Washington.

His presentation will demonstrate the capture of circulating tumor cells (CTCs) in blood can be targeted more effectively by incorporation of NaturalNano’s Halloysite Natural Tubes (HNT) onto the surface of devices used to capture CTCs in blood.

Dr. King, an Associate Professor of biomedical engineering at Cornell University, was quoted thus in the press release: “The ability to create stable coatings of Halloysite Natural Tubes (HNT) using an extremely thin layer of poly-L-lysine allows the creation of nanostructured surfaces to which living cells respond.”

King continued, “The nanotubes with HNT incorporated into their surface were found to enhance the natural CTC rolling mechanism. This allows the cells to be exposed to specific therapeutic agents or isolated and collected for diagnostic and research purposes.”

NaturalNano, Inc.is a materials science company focused on developing and commercializing advanced nanocomposites.

mPhase Technologies, Inc. (XDSL) grows on LOI

mPhase Technologies, Inc. (OTCBB: XDSL) leaped in price 15.5% to 82-100ths of a cent Thursday, on word of a new acquisition for the company. Volume for the stock came in at 4.8 million shares, rapidly catching up on a daily average of around 9.2 million.

The company, based in Little Falls, New Jersey, issued a news release July 28 saying it had entered into a Letter of Intent (LOI) to acquire Energy Innovative Products, Inc. (EIP), a developer of proprietary technologies for reducing energy usage in refrigeration and cooling systems, as well as equipment utilizing AC induction motors.

EIP, based in Fairfield, New Jersey, uses patented and patent pending solutions to offer a series of products that control voltage and current used by compressor systems, including those in refrigeration decks, HVAC wall units, commercial refrigeration systems, and consumer equipment.

The release quoted mPhase CEO Ron Durando as saying, “we are extremely excited about the upside EIP offers to our organization over the coming years”.

The transaction is expected to become a Definitive Agreement in August, and close by October.

mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics.

Cereplast, Inc. (CERP) soars on new business

Shares of Cereplast, Inc. (OTCBB: CERP) soared as much as 8 percent higher today on volume that more than doubled its three-month daily average of 292,980. The company has been enjoying high volume and increasing share prices after announcing last week a major new business contract with Georgia-Pacific as well as divulging a new strategic plan to accelerate growth and product development.

Cereplast announced early last week that it will supply Compostables® resin to Georgia-Pacific Professional Food Services Solutions for the manufacture of its recently introduced line of Dixie EcoSmart beverage solutions. Dixie EcoSmart products include Cereplast Compostables resin-lined paper hot cups made from at least 95 percent renewable resources and the Insulair® line of insulated cups, available in 12 and 25 percent post-consumer recycled fiber.

John Mulcahy, Vice President of Georgia-Pacific, stated “This is a tremendous step forward in the approach we take to responsible manufacturing. The EcoSmart line represents some of the most groundbreaking products available to operators and is just one example of our dedication to providing sustainable solutions that create a positive impact on the world around us.”

Cereplast uses renewable resources to produce bio-based resins to be used as suitable substitutes for petroleum-based plastics. Using proprietary methods, the company makes starch-based renewable plastics and the Cereplast Compostables resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry.

In addition to the new partnership with Georgia-Pacific, the largest contract in the history of Cereplast, the company has announced strategic restructuring to accelerate growth the company will enter into manufacturing supply agreements with large plastics compounders that will dramatically reduce the cost to produce plastic resins and provide sufficient capacity to service substantial new contracts with major customers such as Georgia-Pacific and Dorel.

“Recent events have allowed us to revise our strategic plan,” said Frederic Scheer, Chairman and CEO of Cereplast. “To accelerate our growth, Cereplast will focus its efforts on the product development and marketing core strengths that have propelled us into a leadership position in proprietary bio-plastics.”