Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) released a statement from Mr. Sheng Chen, CEO of subsidiary Vu365:
We at Vu365 are thrilled to team with EEGI. The web and casual gaming industry is one of the fastest growing leisure market sectors worldwide. Ours is an exciting company with a top-quality product that is only growing in popularity through the boom in online gaming. We expect this partnership with EEGI to raise the value of our company, as we are now able to expand our software development efforts to add to our already successful list of popular video game titles.
We fully expect our existing revenues, currently in the $2 million USD range, to rise as the various projects we have in development, including an assortment of strategic web games, cyber games and 3-D large scale competitive games, land in the marketplace. These are exciting times for Vu365, and we look forward to a successful partnership with EEGI.
EEGI will keep investors updated as to future news from Vu365.
Corporate Universe Inc. (Pink Sheets:COUV) offers guidance in mergers and acquisitions, reverse takeovers and extensive expertise in the regulatory processes to access capital markets. We also work closely with selected strategic partners to develop and execute funding strategies to accelerate growth. Mutual relationships of trust have always been the key to us and our network of partners.
Over the past decade, we have built close relationships with many companies in the financial marketplace who have made our global network both unique and competitive. We use this network and our experience to provide high quality financial services to a global selection of corporate clients.
Corporate Universe Inc., is a holding company formed in order to provide a greater range of services to the financial community.
Alkermes, Inc (Nasdaq:ALKS) announced the presentation of promising preclinical results for its proprietary opioid modulator, ALKS 33, showing the drug candidate's potential in multiple disease indications. The data demonstrated ALKS 33 was effective in preventing olanzapine-associated weight gain and could potentially offer an adjunct therapy to patients with weight gain related to antipsychotic drug regimens. An additional data presentation showed that ALKS 33, regardless of the route of administration, effectively blocked elevations in nucleus accumbens dopamine following cocaine and amphetamine administration. A third presentation on ALKS 33 described the relationship between binge eating and reward disorders and the clinical rationale and endpoints of the ongoing clinical trial of ALKS 33 for the treatment of binge eating disorder. The data were presented at the 40th Annual Meeting of the Society for Neuroscience in San Diego. Alkermes, Inc., an integrated biotechnology company, offers extended-release injectable, pulmonary, and oral products for the treatment of prevalent, chronic diseases, such as central nervous system disorders, addiction, and diabetes.
Take-Two Interactive Software, Inc. publishes, develops, and distributes interactive entertainment software, hardware, and accessories worldwide. The company develops and publishes software titles for various gaming and entertainment hardware platforms.
Otix Global, Inc. (Nasdaq:OTIX) announced that its shareholders voted to approve the Agreement and Plan of Merger dated September 13, 2010 between Otix and William Demant Holding A/S (WDH), as subsequently amended on October 6, 2010 and October 14, 2010 (the merger agreement). The merger agreement provides that WDH will acquire all the outstanding common stock of Otix. Of the shares voted, approximately 99.5% voted in favor of the proposal to adopt the merger agreement, which represented approximately 68.3% of the total outstanding shares as of October 18, 2010, the record date. Under the terms of the merger agreement, Otix shareholders will receive $11.01 in cash for each share of Otix common stock they own. Completion of the merger remains subject to clearance pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. Subject to the satisfaction of these conditions, the merger is expected to close within the next week.
Otix Global, Inc. designs, develops, manufactures, and markets digital hearing aids primarily to hearing impaired consumers. It offers Touch, Velocity, ion, Balance, Innova, Applause, Natura Pro, Natura 2, Tribute, and Quartet hearing aid product lines, which incorporate its digital signal processing technologies.
Home Federal Bancorp Inc. (Nasdaq:HOME) announced that its Board of Directors declared a quarterly cash dividend of $0.055 per share on its common stock on November 16, 2010. The dividend will be paid on December 14, 2010, to stockholders of record as of November 30, 2010. Home Federal Bancorp, Inc., is headquartered in Nampa, Idaho, and is the parent company of Home Federal Bank, a community bank originally organized in 1920. The Company serves southwestern Idaho and Central and Western Oregon through 37 full-service banking offices. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "HOME" and is included in the Russell 2000 Index. For more information, visit the Company's web site at www.myhomefed.com.
Home Federal Bancorp, Inc. operates as the holding company for Home Federal Bank that provides financial products and services to consumers and businesses. The company's deposit product line includes checking accounts, savings accounts, money market deposit accounts, and certificates of deposits with various rates and terms to maturity.
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