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(NGAS, COIN, CTIC, HIRU, SAVW) Market Updates From PennyOmega.com

Posted, by pennylynnomega on November 20th, 2010

SavWatt USA, Inc. (SAVW.PK) pioneers in LED lighting and the Green revolution, announced that their first product has been approved and received Lighting Facts® Certification by the U.S. Department of Energy. As innovative LED lighting products emerge, the facts about LED lighting performance must hit the market with equal speed. Clear labeling on lighting performance is the critical link between innovation and successful market introduction. Lighting Facts® showcases LED luminaire manufacturers who commit to testing products and reporting performance results according to industry standards. For lighting buyers, designers, and energy efficiency programs, the Lighting Facts label provides information essential to evaluating products and identifying the best options.

Michael Haug, CEO of SavWatt, commented, "This is a proud and exciting moment for SavWatt, having Lighting Facts certification means we are one of the few companies that meet the U.S. Department of Energy standards. This endorsement means SavWatt's Brand has the quality and performance American consumers demand."

SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt's product families include LED fixtures, bulbs, Street Lights and Parking Lights.

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Hiru Corporation(Other OTC: HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.

The company's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.

Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.

HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.

In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.

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Cell Therapeutics, Inc. (Nasdaq:CTIC) announced on November 18, 2010 that CTI’s Marketing Authorization Application (”MAA”) seeking approval for Pixuvri™ (pixantrone dimaleate) for the treatment of adult patients with multiply relapsed or refractory aggressive non-Hodgkin’s lymphoma (”NHL”) was validated and accepted for review by the European Medicines Agency (”EMA”). Validation indicates that the application is complete and that the EMA’s review process has begun. We look forward to working with our rapporteurs and the EMA during their review process in an effort to bring pixantrone to patients for whom there are currently no available drugs in this setting,” said James A. Bianco, M.D., CEO of CTI.

Cell Therapeutics, Inc., a biopharmaceutical company, develops, acquires, and commercializes oncology products for the treatment of cancer. It is developing pixantrone, a Phase III single-agent clinical trial product for the treatment of non-Hodgkin’s lymphoma and various other hematologic malignancies, solid tumors, and immunological disorders.

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Converted Organics Inc. (Nasdaq:COIN) announced on November 18, 2010 that Nick Brusatore, Co-founder and Technical Director of TerraSphere Systems LLC, has been appointed as Chairman of British Columbia Institute of Technology’s (BCIT) Centre for Applied Research and Innovation Advisory Committee. Kim Dotto, Dean of Applied Research at BCIT, says, “We are happy to have Nick Brusatore on the Advisory Committee, as he will provide critical feedback to the Centre from the business community on communication, research process and priorities, in relation to the sustainable agri-business marketplace.

Converted Organics Inc. manufactures all-natural fertilizer and soil amendment products combining disease suppression and nutrition characteristics from food waste and other raw materials. The company sells and distributes its products in agribusiness, turf management, and retail markets. Converted Organics, Inc. was founded in 2003 and is headquartered in Boston, Massachusetts.

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NGAS Resources Inc. (Nasdaq:NGAS) announced third quarter 2010 total revenue of $11.0 million, compared to $11.2 million for the comparable quarter in 2009. Results for the quarter reflect a 19% increase in contract drilling revenue offset by lower production and higher transportation costs. Oil and gas production revenue was down 10% in the quarter reflecting a 15% production decline partially offset by slightly higher natural gas prices. For the quarter, the company reported a net loss of $2.5 million, compared to a net loss of $1.1 million in third quarter 2009. Loss per share was $0.06, compared with a $0.04 loss per share in the same period last year. Third quarter 2009 results were positively impacted by a one-time, pre-tax gain of $3.4 million, or $0.07 per share, on the sale of the Appalachian gas gathering assets. Discretionary cash flow per share was $0.01 in third quarter 2010 compared to $0.14 in the same period last year.

NGAS Resources, Inc., together with its subsidiaries, engages in the exploration and production of natural gas shale plays in the eastern United States principally in the southern Appalachian Basin.

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Crown Equity Holdings Inc. (CRWE.OB) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for SavWatt USA, Inc. (SAVW.PK)

Crown Equity Holdings Inc. (CRWE.OB) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for Hiru Corporation (HIRU.PK)

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Authored by, pennylynnomega
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