latest news releases from the newsroom
Transmeridian Exploration, Inc.
Transmeridian Exploration Incorporated Secures Short-Term Funding and Announces Management Changes
HOUSTON, Jan. 12, 2009 (GLOBE NEWSWIRE) -- Transmeridian Exploration Incorporated (Pink Sheets:TMYE) ("Transmeridian") today announced that Lorrie T. Olivier has resigned his position as Chief Executive Officer and has stepped down as Chairman of Transmeridian's Board of Directors, although he retains his membership on the Board. In addition, Gary Neus and Fred Zeidman, current members of the Transmeridian Board, have agreed to accept positions as Co-Chief Restructuring Officers and Mr. Zeidman will assume Chairmanship of the Board. In their capacities as Co-Chief Restructuring Officers, Messrs. Neus and Zeidman will exercise the entire executive management function over all of Transmeridian's operations and assets, including the on-going efforts to effect a sale or other transaction involving Transmeridian, its indirect wholly owned subsidiary, JSC Caspi Neft TME ("Caspi Neft"), and/or its major asset, the South Alibek field in Kazakhstan.
Generex Biotechnology Corp.
Generex Biotechnology Announces Publication of Novel Immunotherapeutic Cancer Vaccine Studies
WORCESTER, Mass., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com) announced today the publication of a report reviewing the studies performed to date with the immunotherapeutic agent AE37, which is being developed by the Company's wholly-owned immunotherapeutics subsidiary Antigen Express, Inc. (www.antigenexpress.com). The compound is currently the subject of a Phase II clinical trial in patients with breast cancer, a Phase I clinical trial in prostate cancer patients, and another Phase I clinical trial wherein the compound will be combined with another vaccine peptide in patients with either ovarian or breast cancer.
China Runji Cement Inc.
China Runji Cement Inc.'s Second Production Line Exceeds Expectations
ANHUI, China, Jan. 12, 2009 (GLOBE NEWSWIRE) -- China Runji Cement Inc. (OTCBB:CRJI) ("CRJI" or "the Company"), a leading producer and distributor of cement in Anhui Province of China, today announced that its second cement clinker production line has successfully broken through its designed capacity of 2,500 tons per day and produced 2,700 tons per day and 2,800 tons per day in November and December 2008, respectively, to meet the growing market demand.
U.S. Energy Corp.
U.S. Energy Corp. Receives Milestone Payment From Thompson Creek Metals Company Inc.
RIVERTON, Wyo., Jan. 12, 2009 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate, today announced that the January 1, 2009 $1 million option payment was paid by Thompson Creek Metals Company USA on January 2, 2009 on behalf of Mt. Emmons Moly Company pursuant to the Exploration, Development and Mine Operating Agreement signed in August 2008.