Thursday, July 29, 2010

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Sparta Commercial Services, Inc. (OTC.BB:SRCO) in following up on its strategic agreement with Armet Armored Vehicles, a global leader in the manufacturing of tactical armored and other specialty vehicles for governmental and other markets, is pleased to report a potential annual $5 million in Municipal Lease Purchase agreements generated from this relationship.

Sparta Commercial Services is a New York-based, nationwide financial services company dedicated to the powersports industry, offering financing and leasing products to consumers and retail powersports dealers, as well as a variety of commercial products for governmental agencies that require motorcycles and other equipment for law enforcement activities.

ActionView International, Inc. (Pink Sheets:AVEW) and its wholly-owned MatchFights subsidiary today announced the sponsors for the inaugural World Championship Full Contact (WCFC) live event on April 3, 2010 at The Rail Event Center in Salt Lake City, Utah. The event has three main sponsors: Rockwell Time, a leading manufacturer of action sports lifestyle and street fashion watches; EVO Energy, which provides an innovative line of energy drink products; and Against The Fence, the premier retail outlet for MMA apparel and merchandise.

XOMA Ltd. (Nasdaq:XOMA), a leader in the discovery and development of therapeutic antibodies, today announced the initiation of a Phase 2 clinical trial of XOMA 052, its antibody to interleukin-1 beta (IL-1 beta), in Type 1 diabetes patients. Funding for the trial is being provided by the Juvenile Diabetes Research Foundation International (JDRF), the largest patient advocacy organization of Type 1 diabetes research worldwide. XOMA is the study sponsor and will provide XOMA 052 drug product for the trial.

Rovi Corporation (Nasdaq:ROVI) announced today that it has priced $400 million aggregate principal amount of 2.625% convertible senior notes due 2040. The notes will be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company also granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of notes solely to cover over-allotments. The sale is expected to close on March 17, 2010, subject to customary closing conditions.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that two new exchange traded funds (ETFs) based on NASDAQ OMX’s PHLX Semiconductor SectorSM index (SOX) have been introduced today by Direxion Shares. The new ETFs are leveraged Bull and Bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the PHLX Semiconductor Sector index, the most widely recognized index investors use to track the semiconductor industry.

Lightbridge Corporation (Nasdaq:LTBR), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for civil nuclear energy programs, today announced it will be added to the WNA Nuclear Energy Index, a capitalization-weighted, float-adjusted index of the most prominent nuclear energy stocks in the world. Lightbridge will be one of three new additions to the index, beginning March 21, changing the number of components to 65.

 

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