SARASOTA, Fla., May 13, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Maxim Pharmaceuticals (Nasdaq:MAXM), Delta Mining and Exploration Corporation, (Pink Sheets:DMXP), and The Walt Disney Co. (NYSE:DIS).
Maxim Pharmaceuticals (Nasdaq:MAXM) stock price soared Wednesday after announcing significant results from a Phase III clinical trial of its Ceplene therapy designed to prevent relapses in leukemia patients. In 320 tested patients with acute myeloid leukemia (AML), the company said a statistically significant number (p=0.026) who received Ceplene in combination with interleukin-2 stayed in remission. AML is the most common form of acute leukemia in adults.
The company said AML patients typically have a high rate of leukemia recurrence and the trial data suggest that, "the treatment may cure a significant proportion of AML patients."
Maxim Pharmaceuticals closed up 0.70 cents, or 8.75%, to $8.70.
The Walt Disney Co. (NYSE:DIS) on Wednesday reported sales and profits for the latest quarter that easily topped forecasts on Wall Street. Diluted earnings per share for the second quarter were $0.26, up 73% from $0.15 in the prior-year second quarter.
For the six-month period, diluted earnings per share were $0.59, which was an increase of $0.38 from the prior-year period before the cumulative effect of an accounting change. Earnings per share for the first quarter of the prior year included an approximately $0.04 negative impact due to the write-off of an aircraft leveraged lease investment.
The Walt Disney Co. closed Wednesday at $23.00, up 0.09%.
Penny Stock Investors may want to keep an eye on Delta Mining and Exploration Corporation, (Pink Sheets:DMXP), a mineral exploration company that controls approximately 7,500 acres of diamond properties showing potential throughout Montana and more than 10,000 acres of diamond and gold exploration properties in Bolivia.
After market close on Wednesday, Delta Mining and Exploration Corporation announced plans for exploration of their Montana and Bolivian properties. The Montana properties are located within the Wyoming Craton where much of North America's diamonds have been found, along with many of the largest alluvial diamonds. A number of diatremes have been found on these properties and exploration is planned during 2004. Fieldwork on the Bolivian properties will commence in the latter part of 2004, but initial work has revealed that these properties display similar potential to those found in North America.
Delta Mining and Exploration Corporation closed even Wednesday at .02 on strong volume of 6,003,216 shares.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, here after referred to as "the company". The company received compensation for this newsletter service for Delta Mining and Exploration Corp. only. The compensation is fifteen thousand dollars from a non-affiliated third party, Alex Consulting Inc. Because the company is receiving compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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