Proteonomix, Inc. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, announced further developments with its Joint Venture Company, XGEN Medical LLC (“XGen”) towards implementing operations in the United Arab Emirates (U.A.E.).
Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.
Proteonomix CEO, Michael Cohen commented that “The business environment in the U.A.E. is very receptive to Proteonomix and our medical technologies. There is an intense focus on high quality public medical care as well as cutting edge technology. When combined with the rebounding financial condition within the region, we are very pleased to have this opportunity to conduct business in a growing location for medical advancement.”
Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (“PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.
Mexican Restaurants, Inc. (NASDAQ:CASA) reported the Company�s 2010 second quarter ended July 4, 2010. The Company reported a net loss of $102,524 or $0.03 per diluted share, compared with a net loss of $207,937 or $0.06 per diluted share for the second quarter of fiscal year 2009. For the 26-week period ended July 4, 2010, the Company reported a net loss of $501,670 or $0.15 per diluted share, compared with a net loss of $28,083 or $0.01 per diluted share for the 26-week period ended June 28, 2009.
Our restaurant revenues for the 13-week and 26-week periods of fiscal year 2010 decreased $1.2 million or 6.6% and $3.3 million or 9.0% to $16.9 and $33.8 million, respectively, compared with revenues of $18.1 and $37.1 million for the same respective periods in fiscal year 2009. The decrease in restaurant revenues primarily reflects a decrease in same-store sales. For the 13-week and 26-week periods ended July 4, 2010, Company-owned same-restaurant sales decreased approximately 7.1% and 9.4%, respectively. Franchised-owned restaurant sales, as reported by franchisees, decreased approximately 6.6% and 8.8%, respectively, over the same respective periods in fiscal 2009. We believe these decreases are a result of the continued weakness in the economy and its impact on consumers� dining habits.
Commenting on the Company�s second quarter results, Curt Glowacki, Chief Executive Officer, stated, �Our second quarter results continue to reflect a weak economy and the impact it has on consumers� dining habits. Declining same-store sales continues to be our biggest obstacle to returning to profitability, as cost leverage is lost when same-store sales decline. We believe the best response to this economic downturn is to stay focused on our customers. Late last year, we initiated a program to retrain all of our employees that emphasizes hospitality, service standards, salesmanship, food preparation and consistency, all within well-maintained and clean restaurants. We believe that program is beginning to make an impact.�
Mexican Restaurants, Inc. operates and franchises 72 Mexican restaurants. The current system includes 55 Company-operated restaurants, 16 franchisee operated restaurants and one licensed restaurant.
Bluefly, Inc. (NASDAQ: BFLY), a leading online retailer of designer fashion and accessories, has incorporated mobile barcode technology from Scanbuy, Inc. into its recently launched television advertising campaign, Closet Confessions. The Closet Confessions advertisements, which launched on Bravo media�s various platforms earlier this month, are a series of 45-second spots that feature celebrities giving tours of their closets and sharing stories about their lives. The ScanLife mobile barcodes, or �Quick Response� codes, will appear in the ads through November, giving viewers instant access to additional video content or a $30-off coupon when they scan the codes with their camera phones using a barcode scanning application.
�Bluefly has been looking for new and innovative ways to approach television advertising and to engage our fashionista consumers in a more dimensional and measurable way,� says Bradford Matson, Bluefly�s Chief Marketing Officer. �We were excited to bring the Closet Confessions episodes to television earlier this month, and have been thrilled with the response from Bravo�s audience to the campaign. Now, by incorporating ScanLife mobile barcode technology into the ads, we are taking Closet Confessions one step further by providing viewers with a unique call to action that allows them to instantly access exclusive content and special offers from their phones while they are watching TV.�
This campaign marks the first time that a retailer in the United States has used Quick Response (QR) codes on television. Bluefly�s Closet Confessions ads featuring the QR codes, which are issued and managed with Scanbuy�s technology, will run through November on Bravo programming, including original airings, and select re-airings of the Emmy-winning series Top Chef, The Real Housewives of D.C., The Real Housewives of Atlanta, Flipping Out, and the new Top Chef Just Desserts.
The ScanLife mobile application is available for every major mobile operating system and can be downloaded for free by going to www.getscanlife.com from the mobile browser.
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