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"Stocks that Standout" picks for today are: COIN, DRIV, MENT, STSI
(M2 PressWIRE Via Acquire Media NewsEdge) StandoutStocks.com "Stocks that Standout" picks for today are: Converted Organics (NASDAQ: COIN), Digital River, Inc. (NASDAQ: DRIV), Mentor Graphics Corp. (NASDAQ: MENT), Star Scientific, Inc. (NASDAQ: STSI)
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Jul 7, 2009 -- Converted Organics Inc. (NASDAQ: COIN) announced today that new systems and equipment recently installed at its flagship Woodbridge, New Jersey facility are fully operational and increasing the productivity and efficiency of the Company's organic fertilizer manufacturing processes, while contributing to a reduction in overall operating expenses.
Within the past month, Converted Organics commissioned a new steam boiler to reduce odor and enable the raw material digesters to run at higher temperatures than before. The Company also installed a new instrumentation and control package that automates its granular organic fertilizer production line, resulting in improved production efficiency and product quality, as well as reduced manpower requirements. Additionally, Converted Organics installed a new centrifuge to increase processing capacity rate and reduce the need for de-watering additives during the manufacturing process, thereby lowering the cost of manufacturing operations substantially.
"The incorporation of this new equipment has significantly increased the production capacity and quality, as well as the overall efficiency, of both Converted Organics' liquid and granular organic fertilizer manufacturing lines. These upgrades have also enabled us to appreciably lower the cost of manufacturing operations," said Robert C. Bayliss, Vice President of Manufacturing for Converted Organics. "These improvements follow previously completed steps that successfully reduced odor emission from the Woodbridge facility. We are extremely pleased with all of these new developments at our plant."
About Converted Organics Inc.
Converted Organics, based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
Converted Organics' flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California, and a third is under development in Johnston, Rhode Island. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics' liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
Converted Organics' products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
Jul 7, 2009 -- Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it plans to release financial results for its fiscal second quarter of 2009 after the close of regular market trading on Wednesday, July 29, 2009. The company will host a live conference call at 4:30 p.m. Eastern Daylight Time (EDT) on July 29, 2009, to review second quarter financial results. The call will feature remarks by Joel Ronning, chief executive officer, and Tom Donnelly, chief financial officer.
A live webcast of Digital River's earnings conference call can be accessed on the Investor Relations section of it's corporate website. Alternatively, a live broadcast of the call may be heard by using conference ID # 18014101 and dialing (888) 218-6314 inside the United States or Canada, or by calling +1 (706) 634-9714 from international locations. A webcast replay of the call will be archived on Digital River's corporate website.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company's comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
Jul 7, 2009 -- Mentor Graphics Corp. (NASDAQ: MENT), a leader in high-performance system verification solutions, today announced its hardware-assisted solution to accelerate the verification of Serial-ATA (SATA) II products, including hard disk drives (HDD) and optical CD/DVD drives.
This new solution enables designers to test their system-on-chips (SoCs) that control a HDD or optical drive by providing an accurate, hardware-based model of the real disk drive connected to their SoC. This iSolve(TM) SATA product has a "plug-and-play" interface to the Veloce(R) family of hardware-assisted emulators, providing a cost-effective and efficient solution to verify SATA designs. The new product adds to the existing iSolve family of solutions for the accelerated verification of applications such as multimedia, networking, embedded systems, wireless, and storage devices.
The foundation stone of the consumer storage industry is based on the ATA (Advanced Technology Attachment) protocol, which has evolved into today's widely used serial--ATA standard. With the ever-increasing demands from higher data transfer technologies, SATA has allowed manufacturers to push forward the operating speeds of storage devices to 3Gb/s with the application of the SATA II standard. These devices play a major role in many of today's products, from consumer to network storage devices, and place a heavy burden on SoC designers who need to verify how their designs interact with the SATA devices connected to them.
"New consumer and network storage products increasingly depend upon the use of the latest-generation SATA devices, and design engineers are concerned over how they can quickly and efficiently verify their SoC designs that connect to these devices," said Jim Kenney, Mentor Emulation Division (MED) director of marketing. "We took a new approach to solve these challenges with our iSolve SATA product by providing a flexible, easy-to-use, and highly configurable SATA device model. This gives our customers the ability to verify multiple configurations and descriptions of SATA devices, all with the same emulator solution rather than needing many specific devices."
Combined with the Veloce emulation family, the iSolve SATA product delivers a high-performance and easy-to-use system verification environment to develop new SoCs containing a SATA controller without compromising delivery schedules. The solution offers several key benefits:
-- Easy-to-use configuration tool means users are able to parameterize their SATA HDD or CD/DVD drive quickly and start their SoC verification as soon as possible
-- Productive debug environment provides access to low-level transactions to detect those hard-to-find bugs
-- High-speed data accesses to allow loading or unloading of GBytes of data in minutes rather than hours
-- Compliant to SATA 2.6 standard
The iSolve SATA solution can be used with traditional in-circuit emulation (ICE) as well as a high-performance transaction-based acceleration mode of operation. The ability to mix and match traditional ICE capabilities with high-performance, transaction-based acceleration facilitates the smooth transition from simulation-centric use models to in-circuit emulation. The solution is available for deployment at customer sites effective immediately.
Jul 7, 2009 -- Star Scientific, Inc. (NASDAQ: STSI) announced that its trial counsel has filed a motion for Judgment as a Matter of Law and In the Alternative, for a New Trial, with the US District Court in Maryland. The motion requests the Court to set aside the June 16th jury verdict that was reached at the conclusion of the trial of Star's patent infringement lawsuit against RJ Reynolds Tobacco Company (RJR), and to grant Star a new trial. The motion will be available on the Star Scientific website.
If the motion is denied, the next step will be for Judge Garbis to enter final judgment, which will effectively close out the case at the District Court level. Star then can immediately file a notice of appeal with the US Court of Appeals for the Federal Circuit. The company has retained Carter G. Phillips, Esquire, managing partner of the Washington, DC office of Sidley Austin, to head up the Federal Circuit appeal. Mr. Phillips represented Star in its appeal of the 2007 District Court rulings on summary judgment and on the bench trial of RJR's inequitable conduct defense. That appeal resulted in the unanimous decision by a three-judge Federal Circuit panel, in August 2008, which overturned the District Court rulings and remanded the case to the District Court for a jury trial, which took place in Baltimore, MD beginning May 18, 2009. The Federal Circuit Court of Appeals is known to endeavor to issue opinions on appeals within 12 to 15 months from the filing of the notice of appeal. In Star's previous appeal to the Federal Circuit, the Court issued its opinion 14 months from the date of the filing of the company's appeal.
Paul L. Perito, Esq., Star's Chairman and President, commented that the company "was disappointed and troubled by the inexplicable jury verdict that was reached in the trial. We believe the verdict was contrary to the evidence presented on both infringement and validity, and that the company will be vindicated at the conclusion of the judicial process."
Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. See additional discussion under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on March 16, 2009, and other factors detailed from time to time in the Company's other filings with the SEC.
All information in this release is current as of this date, and the Company undertakes no obligation to update or advise upon any such forward-looking statements to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events.
About Star Scientific
Star Scientific is a technology-oriented tobacco company with a toxin reduction mission. It is engaged in the development of dissolvable smokeless tobacco products that deliver fewer carcinogenic toxins (principally tobacco specific nitrosamines, or TSNAs), through the utilization of the innovative StarCured(R) tobacco curing technology, and in sublicensing that technology to others. Star Scientific has a Corporate and Sales Office in Petersburg, VA, an Executive, Scientific & Regulatory Affairs office in Bethesda, MD, and manufacturing facilities in Chase City, VA.
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