OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Friday, May 2nd MPPC, TSYS, GRYW, NMCH, PANC
03.05.2008 20:39 VoIP World News - Source: tmcnet.com
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:02052008
Our Stocks to Watch today include myPhotopipe.com Inc. (OTC: MPPC),
TeleCommunication Systems Inc. (NASD: TSYS), Grayling Wireless USA Inc.
(OTC: GRYW), NewMarket China Inc. (OTCBB: NMCH), Panacos
Pharmaceuticals Inc. (NASD: PANC)
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter and Email Stock Watch Alerts.
MYPHOTOPIPE.COM INCORPORATED (OTC: MPPC)
Detailed Quote: http://www.otcpicks.com/quotes/MPPC.php
Company Profile: http://www.otcpicks.com/myphotopipe/myphotopipe-2.htm
MyPhotopipe.com Inc. is a US-based provider of online digital photo
processing and related services catering to high-end amateur and
professional photographers. The Company's primary web portal is
www.myphotopipe.com. Its services include photo finishing and printing,
online sharing, photo books, digital photo templates, and online
hosting and selling of photographs. The Company provides services to
more than 18,500 professional and high-end amateur photographers
nationwide; more than 190,000 copies of its software have been
downloaded and are in use.
MPPC News:
April 30 - Compounding Growth Continues in Online Digital Photo
Processing Space
Digital prints up 25%, online channel up 51% according to data released
this week
myPhotopipe.com, Inc. (OTC: MPPC), a web-based online provider of
digital photo processing and related services, commented upon industry
data that became available this week.
The February 2008 PMA Monthly Printing and Camera Trends Report
released this week reveals that total prints made from digital images
increased 25% when compared with the prior-year month, and the total
share of market for "ordering prints online with mail delivery"
expanded from 11.5% to 15.6%. This represents year-over-year growth of
51% for online ordering with mail delivery. February was the 14th
consecutive month of double-digit industry growth in prints made from
digital images since December 2006, as well as the 14th consecutive
month of double- or triple-digit growth in prints ordered online and
received via mail.
Compounded together - 25% or better growth in the overall market and
50% or better growth in the online channel - the value of a share point
in the online space has nearly tripled since the beginning of 2006.
"myPhotopipe.com has always been a believer in the online model for
ordering digital prints, and we remain the only 'pure play' in the
online ordering with mail delivery channel," observed L. Douglas
Keeney, Chief Executive Officer of myPhotopipe.com, Inc. "It's easier.
It's convenient. It delivers your prints to your home. So, yes, this
latest data represents excellent news for our space and for our
Company. Unfortunately, most people will overlook the most important
part of the data, which involves the compounding effect, the perfect
storm if you will, of a growth market and a growing share of that
market. On a constant dollar basis, the value of online ordering has
surged almost 300% since 2006."
On a quarterly basis, the share of market represented by photographs
being ordered online with mail delivery increased from 12.4% in March
2007, to 13.5% in June, 14.0% in September, 15.1% in December and
ending February 2008 at 15.6%.
myPhotopipe.com recently announced a record year and continued growth
in both new products and customers. "We're adding between 400 and 600
new customers a month and seeing our web site bookmarked approximately
12,000 times a month. The new industry data tells us that the future
value of every new customer increases over time, which in part explains
why those of us in both the consumer and professional segment of this
business are enjoying extraordinary sales growth," concluded Keeney.
TELECOMMUNICATION SYSTEMS INCORPORATED (NASD: TSYS) "Up 25.97% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TSYS.php
TeleCommunication Systems, Inc. engages in the development and
application of wireless data communications technology in the United
States and internationally. It focuses on text messaging and
location-based services, including enhanced 9-1-1 (E9-1-1) for wireless
carriers and voice over Internet protocol (VoIP) service providers, and
secure satellite-based communication solutions for government
customers. The company operates through two segments, Commercial and
Government. The Commercial segment offers carrier software system
products that enable wireless carriers to deliver short text messages,
location information, Internet content, and other enhanced
communication services to and from wireless phones. This segment also
provides E9-1-1 services, commercial location-based services, and
inter-carrier text message distribution services on a hosted, or
service bureau basis. It also offers Rand McNally Traffic, a wireless
application on a subscription basis. As of December 31, 2007, the
company provided hosted services under contracts with approximately 30
wireless carrier networks and VoIP service providers. The Government
segment provides communication systems integration, information
technology services, and software solutions to the U.S. Department of
Defense and other government customers. It also owns and operates
satellite teleport facilities; resells access to satellite airtime; and
designs, furnishes, installs, and operates wireless and data network
communication systems, including its SwiftLink deployable communication
systems, which incorporate high speed, satellite, and Internet protocol
technology used for security, defense, and law enforcement worldwide.
The company has strategic partnerships with Motorola and
Alcatel-Lucent. TeleCommunication Systems was founded in 1987 and is
headquartered in Annapolis, Maryland.
TSYS News:
May 1 - TCS Reports Record First Quarter 2008 Net Income, up 90%
Sequentially
Record $4.6 Million, $0.11 per Share GAAP Profit, on 18% Year-Over-Year
Revenue Growth; $8.4 Million, $0.20 per Share EBITDA up 79%
Year-Over-Year
TeleCommunication Systems, Inc. (TCS) (NASD: TSYS), a global leader in
mission-critical wireless communications technology, reported record
results for the first quarter ended March 31, 2008.
First Quarter 2008 Results:
1) Revenue was $40.4 million, up 18% from $34.1 million in the first
quarter of 2007 and an increase of 9% from $37.1 million in the
previous quarter.
2) GAAP net income was a record $4.6 million or $0.11 per share, versus
net income of $0.6 million or $0.02 per share in the first quarter of
2007, and an increase of 90% over net income of $2.4 million or $0.06
per share in the previous quarter.
3) EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, and Noncash Stock Compensation) for the quarter was a
record $8.4 million or $0.20 per basic and $0.19 per diluted share.
This is a 45% increase from $5.8 million or $0.14 per basic and $0.13
per diluted share in the previous quarter, and a 79% increase from $4.7
million or $0.12 per basic and $0.11 per diluted share in the same
year-ago quarter.
"The quarter's results affirm favorable profit contribution trends from
commercial segment text messaging technology, location based services
for public safety, and from the government segment," said Maurice B.
Tose, TCS chairman, CEO, and president. "The robust growth in the use
of SMS text messaging drove carrier customers to purchase licenses for
additional capacity during the quarter, including the equivalent of
more than two quarters' worth of a six-quarter arrangement begun in Q3
2007. Continuing increases in SMS usage indicate that $7.5 million of
license sales previously slated for the second half of 2008 will more
likely occur in the second and third quarters. Government segment
profitability improved on a modest increase in year-over-year volume,
with significantly higher volume now expected in the remaining 2008
quarters, as some shipments previously planned for Q1 will occur in Q2
and subsequent. Overall, our company franchises in premium wireless
carrier services and secure deployable communication systems for
government produced a strong start for the year and positions TCS for a
solid, multi-year run."
Backlog at the end of the quarter remains strong in both government and
commercial segments and is about double its level a year ago.
GRAYLING WIRELESS USA (OTC: GRYW) "Up 22.06% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GRYW.php
Grayling, based in Calgary, Alberta, is an innovator and integrator of
emerging technologies. Our goal is to seek out and evaluate growth
opportunities, including mergers and acquisitions that add incremental
shareholder value, extend the company's market share and add to its
technical competencies. Grayling will continue to bring market-ready
technologies and services to its markets. For further information,
visit www.gryw.com.
GRYW News:
May 2 - Grayling Wireless Steps Up PR Activities With MEC Promotions
Grayling Wireless USA, Inc. (OTC: GRYW) announced that it has retained
MEC Promotions LLC (www.mecpromotionsllc.com) as its market affiliate.
Grayling Wireless USA CEO Jeff Love said. "We look forward to working
with MEC. We have a common goal of success for the company and in turn
her shareholders."
Mr. Love added, "While we have been silent on the PR front, rest
assured we have been very busy behind the scenes. Grayling Wireless
USA, Inc. is entering the most exciting time in the company's history.
We look forward to keeping our shareholders up to date and working
with, our partner in success, MEC."
NEWMARKET CHINA INCORPORATED (OTCBB: NMCH) "Up 7.27% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NMCH.php
NewMarket China, Inc., through its subsidiaries, provides technology
and telecommunication services in the People's Republic of China, and
maintenance services in the United States. It offers consulting,
development, implementation, and maintenance of technology systems,
which include software and peripherals for computing, communication,
and data exchanges related to general business application, as well as
specialty fields of medical, security, military, and homeland defense
applications. The company also involves in the prototype development of
security systems and original equipment manufacturer sourcing for the
production of hardware. In addition, NewMarket China engages in the
distribution and value added reselling of software and hardware
products, including Chinese and foreign brands, such as Hewlett
Packard, Sony, and IBM. Further, it develops and distributes Chinese
entertainment content using MV3, a proprietary software and hardware;
and operates as a consultant to enable the establishment of a franchise
network for MV3 systems outside China. The company is based in Dallas,
Texas. NewMarket China, Inc. is a subsidiary of NewMarket Technology,
Inc.
NMCH News:
May 1 - NewMarket China, Inc. Releases CEO Letter to Shareholders
Highlighting Share Price Potential in Relation to Fundamental Financial
Performance
Company Reported 2007 36% Revenue Increase to $40 Million and 83% Net
Income Increase Over 2006, Not Yet Reflected in Share Price Appreciation
NewMarket China, Inc. (OTCBB: NMCH) released a letter to shareholders
from CEO John T. Verges. The letter highlights the Company's meteoric
growth to $40 million in 2007 revenue and financial performance over
the past five quarters since the Company's reorganization. The letter
goes on to discuss how the current share price performance has not yet
reflected the Company's fundamental financial performance.
Operational Performance Not Yet Reflected in Otherwise Low Share Price
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The letter provides thoughtful internal analysis on share price
performance potential. The purpose of the letter is to provide ongoing
insight to shareholders and investors in regard to management's ongoing
commitment to the Company's vision while current market performance is
not necessarily conveying fundamental financial progress. The CEO's
intention is to open a dialogue with shareholders and investors on the
relationship between operational performance and share price
performance.
To receive a copy of the letter in its entirety contact the Company at
ir@newmarketchina.com or 214-722-3065.
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Company's Operational Overview for Services Provided in Mainland China
NewMarket China provides a wide range of technology services to include
hardware and software sales, support and customization within China,
with current operations mainly in Shanghai, Ningbo and Hangzhou. In
2007, the Company expanded its software development services outside of
China and signed initial contracts in North America.
Rapid Growth From $29.5 Million to $40 Million in Revenue and 2008
Outlook
NewMarket China has experienced rapid growth over the past two years,
growing from $29.5 million in revenue in 2006 to $40 million in revenue
in 2007, with a net income increase of 83%. The Company has set its
2008 revenue goal at $50 million. NewMarket China plans to achieve this
revenue goal through improving fundamental financials, continued
organic growth and acquisitions, which the Company is actively seeking
in China and North America.
Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT
The Company has scheduled a Webcast for 4:30 pm EDT on May 14, 2008 to
present a strategic plan update. A link to the Webcast will be
available at www.investorcalendar.com/IC/CEPage.asp?ID=127668. Also
available at this link is an archive to the recent Webcast reviewing
2007 operational and financial results conducted by the Company CEO and
CFO.
Corporate Communications and Fact Sheet
If you would like to receive email updates on the company or a
corporate fact sheet highlighting the Company's operations, business
plan and technology partners, please send an email to
ir@newmarketchina.com.
PANACOS PHARMACEUTICALS INCORPORATED (NASD: PANC) "Up 12.98% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/PANC.php
Panacos Pharmaceuticals, Inc., a development stage biotechnology
company, engages in the discovery and development of small-molecule
oral drugs designed to treat Human Immunodeficiency Virus (HIV) and
other human viral diseases. Its lead product candidate, bevirimat,
under Phase 2 clinical trials, is a class of drug candidates that works
by a novel mechanism of action called maturation inhibition. The
company's discovery technologies focus on novel targets in the virus
life cycle, including virus maturation and virus fusion. It also has
research and development programs designed to generate second and
third-generation maturation inhibition products; and a research and
development program focused on an early step in the HIV virus life
cycle, fusion of the HIV virus to human cells. The company was founded
in 1999 and is headquartered in Watertown, Massachusetts.
PANC News: May 2 - Panacos to Present at Deutsche Bank Health Care
Conference
Panacos Pharmaceuticals, Inc. (NASD: PANC), a biotechnology company
dedicated to developing the next generation of antiviral therapeutic
products, will present at the Deutsche Bank Health Care Conference to
be held from May 5-7, 2008 at The InterContinental Hotel in Boston, MA.
Alan W. Dunton, M.D., Panacos' President and CEO, will present a
corporate overview at 10:50 a.m. on May 7.
A link to the webcast of Panacos' presentation will be available for 30
days on the Company's web site at www.panacos.com.
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RDATE:02052008
Our Stocks to Watch today include myPhotopipe.com Inc. (OTC: MPPC),
TeleCommunication Systems Inc. (NASD: TSYS), Grayling Wireless USA Inc.
(OTC: GRYW), NewMarket China Inc. (OTCBB: NMCH), Panacos
Pharmaceuticals Inc. (NASD: PANC)
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter and Email Stock Watch Alerts.
MYPHOTOPIPE.COM INCORPORATED (OTC: MPPC)
Detailed Quote: http://www.otcpicks.com/quotes/MPPC.php
Company Profile: http://www.otcpicks.com/myphotopipe/myphotopipe-2.htm
MyPhotopipe.com Inc. is a US-based provider of online digital photo
processing and related services catering to high-end amateur and
professional photographers. The Company's primary web portal is
www.myphotopipe.com. Its services include photo finishing and printing,
online sharing, photo books, digital photo templates, and online
hosting and selling of photographs. The Company provides services to
more than 18,500 professional and high-end amateur photographers
nationwide; more than 190,000 copies of its software have been
downloaded and are in use.
MPPC News:
April 30 - Compounding Growth Continues in Online Digital Photo
Processing Space
Digital prints up 25%, online channel up 51% according to data released
this week
myPhotopipe.com, Inc. (OTC: MPPC), a web-based online provider of
digital photo processing and related services, commented upon industry
data that became available this week.
The February 2008 PMA Monthly Printing and Camera Trends Report
released this week reveals that total prints made from digital images
increased 25% when compared with the prior-year month, and the total
share of market for "ordering prints online with mail delivery"
expanded from 11.5% to 15.6%. This represents year-over-year growth of
51% for online ordering with mail delivery. February was the 14th
consecutive month of double-digit industry growth in prints made from
digital images since December 2006, as well as the 14th consecutive
month of double- or triple-digit growth in prints ordered online and
received via mail.
Compounded together - 25% or better growth in the overall market and
50% or better growth in the online channel - the value of a share point
in the online space has nearly tripled since the beginning of 2006.
"myPhotopipe.com has always been a believer in the online model for
ordering digital prints, and we remain the only 'pure play' in the
online ordering with mail delivery channel," observed L. Douglas
Keeney, Chief Executive Officer of myPhotopipe.com, Inc. "It's easier.
It's convenient. It delivers your prints to your home. So, yes, this
latest data represents excellent news for our space and for our
Company. Unfortunately, most people will overlook the most important
part of the data, which involves the compounding effect, the perfect
storm if you will, of a growth market and a growing share of that
market. On a constant dollar basis, the value of online ordering has
surged almost 300% since 2006."
On a quarterly basis, the share of market represented by photographs
being ordered online with mail delivery increased from 12.4% in March
2007, to 13.5% in June, 14.0% in September, 15.1% in December and
ending February 2008 at 15.6%.
myPhotopipe.com recently announced a record year and continued growth
in both new products and customers. "We're adding between 400 and 600
new customers a month and seeing our web site bookmarked approximately
12,000 times a month. The new industry data tells us that the future
value of every new customer increases over time, which in part explains
why those of us in both the consumer and professional segment of this
business are enjoying extraordinary sales growth," concluded Keeney.
TELECOMMUNICATION SYSTEMS INCORPORATED (NASD: TSYS) "Up 25.97% in
morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TSYS.php
TeleCommunication Systems, Inc. engages in the development and
application of wireless data communications technology in the United
States and internationally. It focuses on text messaging and
location-based services, including enhanced 9-1-1 (E9-1-1) for wireless
carriers and voice over Internet protocol (VoIP) service providers, and
secure satellite-based communication solutions for government
customers. The company operates through two segments, Commercial and
Government. The Commercial segment offers carrier software system
products that enable wireless carriers to deliver short text messages,
location information, Internet content, and other enhanced
communication services to and from wireless phones. This segment also
provides E9-1-1 services, commercial location-based services, and
inter-carrier text message distribution services on a hosted, or
service bureau basis. It also offers Rand McNally Traffic, a wireless
application on a subscription basis. As of December 31, 2007, the
company provided hosted services under contracts with approximately 30
wireless carrier networks and VoIP service providers. The Government
segment provides communication systems integration, information
technology services, and software solutions to the U.S. Department of
Defense and other government customers. It also owns and operates
satellite teleport facilities; resells access to satellite airtime; and
designs, furnishes, installs, and operates wireless and data network
communication systems, including its SwiftLink deployable communication
systems, which incorporate high speed, satellite, and Internet protocol
technology used for security, defense, and law enforcement worldwide.
The company has strategic partnerships with Motorola and
Alcatel-Lucent. TeleCommunication Systems was founded in 1987 and is
headquartered in Annapolis, Maryland.
TSYS News:
May 1 - TCS Reports Record First Quarter 2008 Net Income, up 90%
Sequentially
Record $4.6 Million, $0.11 per Share GAAP Profit, on 18% Year-Over-Year
Revenue Growth; $8.4 Million, $0.20 per Share EBITDA up 79%
Year-Over-Year
TeleCommunication Systems, Inc. (TCS) (NASD: TSYS), a global leader in
mission-critical wireless communications technology, reported record
results for the first quarter ended March 31, 2008.
First Quarter 2008 Results:
1) Revenue was $40.4 million, up 18% from $34.1 million in the first
quarter of 2007 and an increase of 9% from $37.1 million in the
previous quarter.
2) GAAP net income was a record $4.6 million or $0.11 per share, versus
net income of $0.6 million or $0.02 per share in the first quarter of
2007, and an increase of 90% over net income of $2.4 million or $0.06
per share in the previous quarter.
3) EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, and Noncash Stock Compensation) for the quarter was a
record $8.4 million or $0.20 per basic and $0.19 per diluted share.
This is a 45% increase from $5.8 million or $0.14 per basic and $0.13
per diluted share in the previous quarter, and a 79% increase from $4.7
million or $0.12 per basic and $0.11 per diluted share in the same
year-ago quarter.
"The quarter's results affirm favorable profit contribution trends from
commercial segment text messaging technology, location based services
for public safety, and from the government segment," said Maurice B.
Tose, TCS chairman, CEO, and president. "The robust growth in the use
of SMS text messaging drove carrier customers to purchase licenses for
additional capacity during the quarter, including the equivalent of
more than two quarters' worth of a six-quarter arrangement begun in Q3
2007. Continuing increases in SMS usage indicate that $7.5 million of
license sales previously slated for the second half of 2008 will more
likely occur in the second and third quarters. Government segment
profitability improved on a modest increase in year-over-year volume,
with significantly higher volume now expected in the remaining 2008
quarters, as some shipments previously planned for Q1 will occur in Q2
and subsequent. Overall, our company franchises in premium wireless
carrier services and secure deployable communication systems for
government produced a strong start for the year and positions TCS for a
solid, multi-year run."
Backlog at the end of the quarter remains strong in both government and
commercial segments and is about double its level a year ago.
GRAYLING WIRELESS USA (OTC: GRYW) "Up 22.06% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GRYW.php
Grayling, based in Calgary, Alberta, is an innovator and integrator of
emerging technologies. Our goal is to seek out and evaluate growth
opportunities, including mergers and acquisitions that add incremental
shareholder value, extend the company's market share and add to its
technical competencies. Grayling will continue to bring market-ready
technologies and services to its markets. For further information,
visit www.gryw.com.
GRYW News:
May 2 - Grayling Wireless Steps Up PR Activities With MEC Promotions
Grayling Wireless USA, Inc. (OTC: GRYW) announced that it has retained
MEC Promotions LLC (www.mecpromotionsllc.com) as its market affiliate.
Grayling Wireless USA CEO Jeff Love said. "We look forward to working
with MEC. We have a common goal of success for the company and in turn
her shareholders."
Mr. Love added, "While we have been silent on the PR front, rest
assured we have been very busy behind the scenes. Grayling Wireless
USA, Inc. is entering the most exciting time in the company's history.
We look forward to keeping our shareholders up to date and working
with, our partner in success, MEC."
NEWMARKET CHINA INCORPORATED (OTCBB: NMCH) "Up 7.27% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NMCH.php
NewMarket China, Inc., through its subsidiaries, provides technology
and telecommunication services in the People's Republic of China, and
maintenance services in the United States. It offers consulting,
development, implementation, and maintenance of technology systems,
which include software and peripherals for computing, communication,
and data exchanges related to general business application, as well as
specialty fields of medical, security, military, and homeland defense
applications. The company also involves in the prototype development of
security systems and original equipment manufacturer sourcing for the
production of hardware. In addition, NewMarket China engages in the
distribution and value added reselling of software and hardware
products, including Chinese and foreign brands, such as Hewlett
Packard, Sony, and IBM. Further, it develops and distributes Chinese
entertainment content using MV3, a proprietary software and hardware;
and operates as a consultant to enable the establishment of a franchise
network for MV3 systems outside China. The company is based in Dallas,
Texas. NewMarket China, Inc. is a subsidiary of NewMarket Technology,
Inc.
NMCH News:
May 1 - NewMarket China, Inc. Releases CEO Letter to Shareholders
Highlighting Share Price Potential in Relation to Fundamental Financial
Performance
Company Reported 2007 36% Revenue Increase to $40 Million and 83% Net
Income Increase Over 2006, Not Yet Reflected in Share Price Appreciation
NewMarket China, Inc. (OTCBB: NMCH) released a letter to shareholders
from CEO John T. Verges. The letter highlights the Company's meteoric
growth to $40 million in 2007 revenue and financial performance over
the past five quarters since the Company's reorganization. The letter
goes on to discuss how the current share price performance has not yet
reflected the Company's fundamental financial performance.
Operational Performance Not Yet Reflected in Otherwise Low Share Price
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The letter provides thoughtful internal analysis on share price
performance potential. The purpose of the letter is to provide ongoing
insight to shareholders and investors in regard to management's ongoing
commitment to the Company's vision while current market performance is
not necessarily conveying fundamental financial progress. The CEO's
intention is to open a dialogue with shareholders and investors on the
relationship between operational performance and share price
performance.
To receive a copy of the letter in its entirety contact the Company at
ir@newmarketchina.com or 214-722-3065.
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Company's Operational Overview for Services Provided in Mainland China
NewMarket China provides a wide range of technology services to include
hardware and software sales, support and customization within China,
with current operations mainly in Shanghai, Ningbo and Hangzhou. In
2007, the Company expanded its software development services outside of
China and signed initial contracts in North America.
Rapid Growth From $29.5 Million to $40 Million in Revenue and 2008
Outlook
NewMarket China has experienced rapid growth over the past two years,
growing from $29.5 million in revenue in 2006 to $40 million in revenue
in 2007, with a net income increase of 83%. The Company has set its
2008 revenue goal at $50 million. NewMarket China plans to achieve this
revenue goal through improving fundamental financials, continued
organic growth and acquisitions, which the Company is actively seeking
in China and North America.
Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT
The Company has scheduled a Webcast for 4:30 pm EDT on May 14, 2008 to
present a strategic plan update. A link to the Webcast will be
available at www.investorcalendar.com/IC/CEPage.asp?ID=127668. Also
available at this link is an archive to the recent Webcast reviewing
2007 operational and financial results conducted by the Company CEO and
CFO.
Corporate Communications and Fact Sheet
If you would like to receive email updates on the company or a
corporate fact sheet highlighting the Company's operations, business
plan and technology partners, please send an email to
ir@newmarketchina.com.
PANACOS PHARMACEUTICALS INCORPORATED (NASD: PANC) "Up 12.98% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/PANC.php
Panacos Pharmaceuticals, Inc., a development stage biotechnology
company, engages in the discovery and development of small-molecule
oral drugs designed to treat Human Immunodeficiency Virus (HIV) and
other human viral diseases. Its lead product candidate, bevirimat,
under Phase 2 clinical trials, is a class of drug candidates that works
by a novel mechanism of action called maturation inhibition. The
company's discovery technologies focus on novel targets in the virus
life cycle, including virus maturation and virus fusion. It also has
research and development programs designed to generate second and
third-generation maturation inhibition products; and a research and
development program focused on an early step in the HIV virus life
cycle, fusion of the HIV virus to human cells. The company was founded
in 1999 and is headquartered in Watertown, Massachusetts.
PANC News: May 2 - Panacos to Present at Deutsche Bank Health Care
Conference
Panacos Pharmaceuticals, Inc. (NASD: PANC), a biotechnology company
dedicated to developing the next generation of antiviral therapeutic
products, will present at the Deutsche Bank Health Care Conference to
be held from May 5-7, 2008 at The InterContinental Hotel in Boston, MA.
Alan W. Dunton, M.D., Panacos' President and CEO, will present a
corporate overview at 10:50 a.m. on May 7.
A link to the webcast of Panacos' presentation will be available for 30
days on the Company's web site at www.panacos.com.
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