Pulling the Plug on California
If you have been following the news, then you have been hearing about the energy crisis we are experiencing here in California. At the heart of the
problem is California’s two major electricity companies, Edison and PG&E, both teetering on the brink of bankruptcy, unable to pay their
vendors, making it difficult to purchase the power needed to run the state.
The politicians have yet been unable to agree on a solution...many people oppose a state or federal bailout and consumers are continuing to be left
in the dark....literally.
While on the subject of pulling the plug, we heard from a company last week called denmans.com, Inc., which was famous for being named to
Forbes Magazine’s Best 300 Sites of the Web last September 25th. The CFO of the online jewelry retailer told Emerging Company Report last
week about management’s bright outlook for the company’s future.
That was last week. On Tuesday, the company released news saying they were closing the web site, terminating their business operations and
laying off their employees.
To quote, “Despite the Company's accomplishments and acclimations to date, it is unable to obtain additional funding to enable it to continue
operations.”
This week on Emerging Company Report;
Maxxon Inc. (OTC-MXON) owns an exclusive worldwide license to develop, manufacture and market a patented disposable safety syringe that
automatically retracts the needle into the barrel of the syringe immediately after an injection has been administered.
“Once inside, the needle will remain indefinitely”, said CEO Gifford Mabie, “eliminating the risk of accidental needlestick injuries, of which there
are more than 1 million annually in the United States”.
Lexon, Inc. (OTC-BB: LXXN) owns the exclusive rights to the Ebaf AssayTM - the only known blood test for colon, ovarian and testicular
cancer and the Telomerase AssayTM - a lung cancer screening test. Telomerase has been detected in over 95% of lung cancer patients tested. “We
have recently announced the development of a working ELISA prototype of our Ebaf Assay(TM)”, said Dr. Tom Coughlin, Medical Director of
Lexon, Inc.
“We are the nation’s seventh largest producer of ethanol”, said Gary Smith, CEO of High Plains Corporation (Nasdaq: HIPC). “We operate
facilities in Colwich, Kansas, York, Nebraska and Portales, New Mexico.”
Datalink.net (AMEX: DLK) CEO Anthony LaPine announced that the company’s name has been changed to Semotus Solutions, Inc.
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