Omega Healthcare Investors Inc. (NYSE:OHI) announced the completion of its previously announced cash tender offer with respect to its outstanding $310 million principal amount of 7% Senior Notes due 2014, or the 2014 Notes. Based on the final tabulation provided by D.F. King & Co., Inc., the depositary and information agent for the tender offer, the aggregate principal amount of 2014 Notes that were validly tendered and not validly withdrawn prior to expiration was $264.7 million, including the 2014 Notes previously tendered and accepted for payment in connection with consent solicitation completed as of November 23, 2010. Omega has accepted for purchase all 2014 Notes validly tendered and not validly withdrawn prior to expiration.
Omega Healthcare Investors, Inc. operates as a real estate investment trust (REIT) in the United States. The company invests in healthcare facilities, principally long-term healthcare facilities in the United States.
Power3 Medical Products, Inc. (PWRM.OB) - Breast cancer is a melanoma in which cells in the breast separate and develop without regulation. Around Eighty-five percent of breast cancer occurances start out within the mammary ducts, though approximately 15% arise within the lobules. Tumors inside the chest have a tendency to develop little by little. By the point a mass might be large enough so that you can feel it, it could have been developing for as long as ten years. However, a few tumors may be aggressive, and increase considerably faster.
PWRM is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
Breast cancers is undoubtedly an unchecked development of malignant breast cells. Melanoma develops due to the strains, as well as unusual changes, inside the genes responsible for controlling the growth of cells along with keeping all of them in good health. The genes are usually in each and every cells' nucleus, which usually function as the control room of each cell. Normally, the cells within our bodies replace themselves through an organized procedure for cell expansion: healthy completely new cells take over as old ones die away. However over time, cancerous strains can "turn on" certain genes and "turn off" others in a cell. That transformed cell gets the cabability to continue dividing without control or order, developing extra cells as well as developing a cancerous growth.
Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s and ALS diseases, for which it is currently engaged in Phase II clinical trials. The tests are designed to analyze an individual’s proteins to detect the presence of disease, a patient’s disease progression, a patient’s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
For more information about this company please visit http://www.power3medical.com
PIMCO Global Stocksplus & Income Fund (NYSE:PGP) a non-diversified, closed-end management investment company reports to seek total return comprised of current income, current gains and long-term capital appreciation, today announced its results for the fiscal quarter and six months ended September 30, 2010. The information provided is in accordance with generally accepted accounting principles ("GAAP"), which requires the Fund to treat amounts accrued by the Fund under swap agreements as net realized and unrealized gain (loss). However, these amounts are treated as net income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter and six months ended September 30, 2010 was $964,526 ($0.10 per share) and $2,771,290 ($0.28 per share) lower, respectively, and Net Realized and Change in Unrealized Gain correspondingly higher than those figures would have been if swap amounts were treated as net income (loss) in accordance with federal income tax treatment.
PIMCO Global StocksPLUS Income Fund operates as a nondiversified, closed-end management investment company. The fund focuses on investing in equity index derivative instruments relating to the U.S. and nonU.S. markets.
Douglas Lake Minerals Inc. (DLKM.OB) previously provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania. Douglas Lakes' 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc's (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
Although primarily used as a store of value, gold has many modern industrial uses including dentistry and electronics. Gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.
Harp Sangha, DLKM's CEO, stated: "We are confident that the model developed based on the first exploration phase provides a substantial platform for understanding gold mineralization in the prospecting licenses as exemplified by the success with which the model predicts and outlines existing and known gold anomalies". Phase two of the exploration program focused on the identified potential zones during an intensive stream sediment and soil sampling program. The results will be released in due course.
Harp Sangha has over 18 years experience in business financing with a specific interest in public company development. He was an investment advisor at Global Securities Corporation. Along with his private company work, he possesses a unique combination of fund raising and managerial skills that will be instrumental in advancing the Company to a prominent global position in the gold mining industry.
The Company is an emerging mineral exploration company focused on exploring mining opportunities in Tanzania.
For more information about this company please visit http://www.douglaslakeminerals.com/
HealthSouth Corp. (NYSE:HLS) previously that its board of directors has declared a regular quarterly dividend of $16.25 per share on its 6.5% Series A Convertible Perpetual Preferred Stock, payable on Jan. 18, 2011, to holders of record on Jan. 3, 2011. HealthSouth is the nation's largest provider of inpatient rehabilitative healthcare services. Operating in 26 states across the country and in Puerto Rico, HealthSouth serves patients through its network of inpatient rehabilitation hospitals, long-term acute care hospitals, outpatient rehabilitation satellite clinics and home health agencies.
HealthSouth Corporation provides inpatient rehabilitation healthcare services in the United States and Puerto Rico. The company primarily operates inpatient rehabilitation hospitals and long-term acute care hospitals, which provide treatment on both an inpatient and outpatient basis.
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