SOLON, Ohio, March 31, 2011 (CRWENewswire) — Energy Focus, Inc. (Nasdaq:EFOI) today announced financial results for the fourth quarter ended December 31, 2010 and outlook for 2011.

Financial and operating highlights for the fourth quarter and the full year of 2010 include the following:

* Fourth quarter 2010 net sales from continuing operations of $8.8 million increased 2.4 times fourth quarter 2009 net sales from continuing operations of $3.6 million.

* Annual sales from continuing operations in 2010 of $35.1 million increased 2.8 times 2009 net sales from continuing operations of $12.5 million.

* Cash increased $3.0 million for the full year 2010 ($1.5 million of which was net cash provided from continuing operations) versus a cash decrease of $9.5 million for 2009. The Company finished the year with cash on hand of $4.1 million.

The outlook for the first quarter of 2011 and the full year of 2011 include the following:

* Sales to exceed $5 million in the first quarter.

* Cash usage in the first quarter of less than $3 million.

* Revenue from continuing operations (excluding potential acquisitions) of over $35 million for the full year.

* The Company expects net cash provided by continuing operations to be positive for the year.

“I’m very pleased by the 2010 performance of Stones River Companies (SRC), our new lighting solutions business. With $19.8 million in net sales, SRC has exceeded our expectations by almost doubling its sales from its 2009 pre-acquisition base,” said Joe Kaveski, CEO of Energy Focus, Inc. “SRC generated 56% of our revenue for the year and was a key factor in the success of Energy Focus in 2010.”

“Our international lighting business, based out of the UK, which offers lighting products to the new construction market, continued to decline in 2010. We are keenly focused on re-establishing sales growth for this segment during 2011. However, it remains unclear at this point whether the economic cycle for international new construction will improve during the year.”

“We expect our lighting solutions business to continue to be a key factor in 2011, even though sales for the first quarter will be substantially lower than prior year due to the timing of contract work,” Mr. Kaveski added. “Solutions based sales are expected to significantly increase beginning in the second quarter of 2011. Furthermore, we see the military market emerging as a relevant sales channel in 2011 as evidenced by our recent orders from the US Navy. Products based on IntelliTube(TM) technology, already embedded into our military products, are expected to be available for the existing building market in 2012. Finally, Mr. Kaveski said, “as a direct result of our increasing margins and emphasis on further cost reductions, we anticipate net cash provided by continuing operations to again be positive for the year, an important factor contributing to our profitable growth.”

On Thursday, March 31, 2011 at 4:30 p.m. EDT (1:30 p.m. PDT), Energy Focus, Inc. will host a conference call to review the fourth quarter and full year 2010 financial results, followed by a Q & A session. The call can be accessed by dialing (888) 542-1136 (US and Canada) or (719) 325-2212 (International/Local). The conference ID number is 9787163. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins.

A recording of the conference call will be available through the investor relations section of the Company’s web site at http://www.energyfocusinc.com/investors/events/category/investors starting March 31, 2011 and will remain available for one year.

About Energy Focus, Inc.

Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and turnkey energy efficient lighting solutions, holding 74 relevant lighting patents. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet and the next generation Very High Efficiency Solar Cell. Customers include supermarket chains, the US government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom. For more information, see our website at www.energyfocusinc.com.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For more information about potential factors that could affect Energy Focus financial results, please refer to the Company’s SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.

Contact:

Media Contact:
Energy Focus, Inc., Public Relations Office
(440) 715-1295
pr@energyfocusinc.com
Investor Contact:
Brion Tanous
CleanTech IR, Inc.
310-541-6824
btanous@cleantech-ir.com

Source: Energy Focus, Inc.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. crwenewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (Read more at http://www.crwenewswire.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold crwenewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Cleantech Transit, Inc. (CLNO)

Biomass fuel refers to anything that can either burn or decompose. Other terms are biomass energy or biofuel. The prefix “bio” refers to life. Bio energy technologies use renewable organic resources, called biomass, to produce many energy related products including electricity, liquid, solid and gaseous fuels, heat, chemicals and other materials. Bio energy ranks second to hydropower in renewable U.S. primary energy production and accounts for 3 percent of the primary energy production in the United States.

Biomass fuels are starting to become more popular due to the rising costs of fossil fuels. The beauty of using these biofuels is that we can develop our own fuels at home just as our forefathers did over 100 years ago.
Also utilizing the source of bioenergy reduces pollution, helps control carbon dioxide emissions (Remember, plants take in CO2 which will offset emissions) Biomass resources will also help support the American farmer as well as other natural renewable resources.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Cleantech Transit Inc. (CLNO) recently announced that it has successfully signed a term sheet with Phoenix Energy (www.phoenixenergy.net), a manufacturer and distributor of biomass-generated power plants. Under the terms of the agreement, Cleantech has an option to acquire a 25% interest into Phoenix Energy’s asset base, which includes a fully constructed, one-half megawatt (500 kilowatt) biomass energy project located in California.

Phoenix Energy has developed an eco-friendly system that converts 100% recyclable agricultural and wood waste (biomass) into cleaner burning energy (heat, electricity) and other salable byproducts. The construction phase of Phoenix Energy’s first, one-half Megawatt project is complete and is expected to become operational in the coming months. Cleantech will initially fund $100,000 directly into Phoenix Energy.

For more information please visit official website if CLNO: http://www.cleantechtransit.com

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Biolase Technology, Inc. (Nasdaq:BLTI) announced that management is scheduled to make an investor presentation at the 10th Annual Needham Healthcare Conference on Wednesday, April 6, at 3:20 pm Eastern Time. The conference is being held April 5-6, at the New York Palace Hotel in New York City. The presentation will be accessible by live webcast in the Investors section of the BIOLASE website at www.biolase.com.

BIOLASE Technology, Inc., a medical technology company, develops, manufactures, and markets lasers and related products and services focused on technologies for applications and procedures in dentistry and medicine.
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support.com, Inc. (Nasdaq:SPRT) announced the release of ARO 2011, a maintenance program for Windows computers. In its first product review, ARO 2011 was awarded 4.5 out of 5 stars by the CNET Editorial Staff. Formerly known as Advanced Registry Optimizer, ARO 2011 by Support.com offers all of the benefits of its highly-rated predecessors, with the addition of two new features. The first feature, a Baseline Security Scan, conducts a complete baseline security analysis of a PC and alerts a user to take action should their baseline security software be missing or out of date.

Support.com, Inc. provides Instant Technology Relief to consumers and small businesses via channel partners and its support.com site.
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American Medical Alert Corp. (Nasdaq:AMAC) announced operating results for the quarter and year ended December 31, 2010, the highlights of which are as follows: Company achieves double-digit revenue growth in the fourth quarter of 2010 as compared to same period in 2009. As a result of new contract awards, the Company shows strong growth and sees new opportunities in the pharmaceutical channel. Along with organic growth initiatives, Company re-engages its acquisition strategy to add momentum to its revenue and profitability. Company continues to see improvement in its gross margins. For 2010, the Company achieved a gross margin percentage of 54% as compared to 53% in 2009.

American Medical Alert Corp. provides healthcare communication and monitoring services. It operates in two segments, Health Safety and Monitoring Services (HSMS) and Telephony Based Communication Services (TBCS).

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 2,000,000 shares of 144 restricted stocks from the company for 12 months of advertisement services for Cleantech Transit, Inc. (CLNO.OB).

Cleantech Transit, Inc. (CLNO)

There are a wide variety of biomass energy sources, including tree and grass crops, forestry, agricultural, and urban wastes. It is the oldest source of renewable energy known to humans, used since our ancestors learned the secret of fire.

Biomass is a renewable energy source because the energy it contains comes from the sun. Through the process of photosynthesis, chlorophyll in plants captures the sun’s energy by converting carbon dioxide from the air and water from the ground into carbohydrates, complex compounds composed of carbon, hydrogen, and oxygen.

When these carbohydrates are burned, they turn back into carbon dioxide and water and release the sun’s energy they contain. In this way, biomass functions as a natural battery for storing solar energy. As long as biomass is produced sustainably with only as much used as is grown the battery will last indefinitely.

Biomass represents the largest untapped renewable energy option in the United States with an estimated annual availability of 491 million tons (U.S. Energy Information Agency).

Cleantech Transit Corp is in the business of producing and conserving power. They produce and sell clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.

A huge percentage of the world’s fossil fuels come from the world’s most volatile places. By reducing your use of oil derivatives, their reduce dependence on foreign energy sources, increasing our country’s energy security by converting energy from waste.
Cleantech Transit Inc. (CLNO) recently announced that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government. If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, Cleantech Transit will be entitled to receive its pro-rata share of 30% cash grant payments.

Once the final interconnect process and applications are complete the grant should be received within 60 days. The 5-year grant vesting period, means all parties must remain owner of record for that length of time, underscoring Cleantech Transit and its partners’ commitment to this project and the host community.

For more information please visit official website if CLNO: http://www.cleantechtransit.com

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Dialogic, Inc. (Nasdaq:DLGC) announced successful certification of the Dialogic® Brooktrout® SR140 Fax Software with the Broadvox GO! SIP Trunking services. This comes as exciting news to enterprises and hosted service providers who want to use Dialogic’s fax software together with Broadvox SIP Trunking to provide their customers with reliable Fax over IP (FoIP) services, including support for the T.38 FoIP protocol.

Dialogic Inc. provides communications platforms and technology to enterprise and service provider markets in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

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EDAP TMS SA (Nasdaq:EDAP) announced financial results for the fourth quarter and full year ended December 31, 2010. Marc Oczachowski, EDAP’s Chief Executive Officer, stated, “During 2010, EDAP achieved a major strategic milestone by completing patient enrollment in its ENLIGHT Ablatherm-HIFU U.S. FDA trial. Preliminary patients’ follow-up shows satisfactory outcomes with very low side effects comparable to the European clinical results obtained over the past fifteen years, and facilitating the preservation of patients’ quality of life. The final data is yet to be submitted to the U.S. FDA for PMA review.

EDAP TMS S.A. and its subsidiaries develop, produce, market, distribute, and maintain medical devices for the treatment of urological diseases.

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Food Technology Service Inc. (Nasdaq:VIFL) announced financial results for the year ending December 31, 2010. Food Technology Service, Inc. had revenue of $3,010,320 in 2010 which is a 19.6 percent increase over 2009 revenue of $2,515,978. The Company had net income of $1,137,446 or $0.413 per share in 2010 compared to $698,358 or $0.253 per share in 2009. This is an increase of approximately 62.9 percent. The Company has periodically increased the estimated benefit of deferred tax credits which can make comparisons to prior year operations difficult. To facilitate such comparisons, the Company had income before taxes of $1,094,946 in 2010 compared to income before taxes of $559,358 in 2009. This is an increase of approximately 92.8 percent.

Food Technology Service, Inc. owns and operates an irradiation facility in Mulberry, Florida.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 2,000,000 shares of 144 restricted stocks from the company for 12 months of advertisement services for Cleantech Transit, Inc. (CLNO.OB).

American Video Teleconferencing Corp. (AVOT)

Rare earth elements consist of a group of 15 metals. In most cases and usage patterns in the modern economy, these 15 elements are oxides. The names of the elements are Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Samarium, Terbium, Thulium, Ytterbium, and Yttrium.

Major Uses of Rare Earth Elements:
Lanthanum comes from the mineral bastnasite, and is extracted via a method called “solvent extraction.” Lanthanum is a strategically important rare earth element due to its activity in catalysts that are critical in petroleum refining. By one estimate, lanthanum “cracking-agents” increase refinery yield by as much as 10%, while reducing overall refinery power consumption.

Cerium is the most abundant of the rare earth elements. Cerium is critical in the manufacture of environmental protection and pollution-control systems, from automobiles to oil refineries.

American Video Teleconferencing Corp. believes that the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is normally known for its business and efforts of exploration in Rare Earth Elements. According to AVOT, it will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.

American Video Teleconferencing Corp. (AVOT) recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.

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Xenith Bankshares, Inc. (Nasdaq:XBKS) announced the pricing on March 29, 2011 of a public offering of 4,000,000 shares of its common stock (4,600,000 shares if the option granted by the company to the underwriters to cover over-allotments, if any, is fully exercised) at a public offering price of $4.25 per share. The offering is scheduled to close on April 4, 2011. The company intends to contribute substantially all of the net proceeds of the offering to its wholly-owned subsidiary, Xenith Bank, and intends for Xenith Bank to use the contributed proceeds primarily to fund organic growth of its loans to customers in its target markets, continued investment in its infrastructure and personnel and other general business purposes, which may include acquisitions.

Xenith Bankshares, Inc. operates as the bank holding company for Xenith Bank, which provides commercial and retail banking products and services to medium-sized business customers in Virginia.

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Myrexis, Inc. (Nasdaq:MYRX) announced a corporate reorganization to focus resources on its current portfolio of clinical and preclinical drug candidates. The reorganization includes an immediate reduction in the Company’s workforce by 57 employees or approximately 41%. The reduction was primarily in the Company’s internal drug discovery group and related support functions. In addition, Myrexis will close its research services business. The Company will retain a critical translational science capability to continue to support the advancement of its two clinical and two preclinical programs.

Myriad Pharmaceuticals, Inc., a biopharmaceutical company, engages in discovering, developing, and commercializing novel small molecule drugs for the treatment of diseases with high unmet need, including cancer and HIV infection.

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Trailer Bridge Inc. (Nasdaq:TRBR) announced that it will release its financial results for the fourth quarter and year ended December 31, 2010, after the close of the stock market on Thursday, March 31, 2011. The Company will then discuss those results the following morning in a conference call on Friday, April 1, 2011 at 10:00 AM ET. The dial-in numbers are: (888) 737-9834 (In the United States), (706) 643-9215 (International). A recorded replay of the call will be available until 11:59 PM Eastern Time on April 3, 2011. Listeners may dial 800-642-1687 (In the United States) or 706-645-9291 (International) and use the code 39084049 for the replay.

Trailer Bridge, Inc., an integrated trucking and marine freight carrier, provides freight transportation services between the continental United States, Puerto Rico, and the Dominican Republic.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received from the company 2,000,000 shares of (144) restricted common stock of American Video Teleconferencing Corp. (AVOT.PK) for 12 months IR Services and 1,000,000 shares of (144) restricted common stock for its IT services.

Smokefree Innotec, Inc. (SFIO)

When you breathe in smoke that comes from the end of a lit cigarette, cigar, or pipe (sidestream smoke) or that is exhaled by a smoker (mainstream smoke); you’re inhaling almost the same amount of chemicals as the smoker breathes in. Tobacco smoke contains more than 4,000 different chemical compounds, more than 50 of which are known to cause cancer. These are just a few of the chemicals that float into your lungs when you are exposed to secondhand smoke:

Hydrogen cyanide — a highly poisonous gas used in chemical weapons and pest control
Benzene — a component of gasoline
Formaldehyde — a chemical used to embalm corpses
Carbon monoxide — a poisonous gas found in car exhaust
A 2006 surgeon general’s report confirmed that secondhand smoking (also called involuntary or passive smoking) can kill, and it concluded that there is no amount of exposure to secondhand smoke that is safe.

Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing hi-tech, nicotine and non-nicotine cigarette-like delivery devices which are completely smoke and vapor-free and tobacco-free. Smokefree Innotec’s products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy a smoke-free cigarette anywhere, including places where smoking tobacco or similar substances is prohibited. Further, their products will allow the smoker to enjoy smoking either nicotine or flavored non-nicotine cigarettes while not having to worry about the offensive dangers and ill effects of regular cigarette smoking. However Smokefree Innotec products are not intended for any prevention or therapeutic treatment of any disease.

Smokefree Innotec, Inc. (SFIO) declared that through its President and CEO Thomas Schroepfer, that “With some minor fine tuning, their shopping cart is now fully operational giving their customers the opportunity to purchase the first of their products being offered: Smokers Option, in both Menthol and Cinnamon. The web site itself is undergoing extensive redesign, to include complete product description located in easy to access click through portals. Beginning with Smokers Option presently available, additional products expected to be offered soon include ’smokeless REAL e-cigarettes’ (pronounced ‘Re-Al’) with an inventory of redesigned starter kits scheduled for delivery before the end of March. Marking a price reduction from $79 to under $18, the starter kits have been redesigned with our new technology to include the electronic device (’Zig’) and an initial supply of 10 filters, a compact charging unit and power supply, all designed to fit inside a package the size of a cigarette box.”

For more information please visit official website of SFIO: http://www.smokefree-innotec.com/

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NaviSite Inc. (Nasdaq:NAVI) announced it was named one of the 100 Top Cloud Computing Vendors by Everything Channel’s CRN. The comprehensive list, published in issue of CRN, highlights the most innovative cloud vendors and solutions for the channel to assist solution providers in navigating the cloud phenomena successfully.

NaviSite, Inc. provides information technology hosting, outsourcing, and professional services for mid-market organizations. It offers NaviCloud Managed Cloud Services, a utility platform that provides compute, memory, storage, network, security, and bandwidth.

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Sun Bancorp Inc. (Nasdaq:SNBC) announced that it had closed on its public offering of 28,750,000 shares of common stock at a public offering price of $3.00 per share, which includes the full exercise of the over-allotment option granted to the underwriters to purchase an additional 3,750,000 shares of common stock. After deducting the underwriting discount and estimated offering expenses payable by the company, Sun expects net proceeds to be approximately $81 million.

Sun Bancorp, Inc. operates as the bank holding company for Sun National Bank that provides a range of commercial and retail banking products and services in the United States.

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Affymax, Inc. (Nasdaq:AFFY) announced multiple posters on peginesatide (formerly known as Hematide™) have been accepted for presentation at the National Kidney Foundation (NKF) 2011 Spring Clinical Meeting taking place April 26-30, 2011 in Las Vegas, Nevada. Peginesatide is an investigational agent in development by Affymax and Takeda for the treatment of anemia in chronic renal failure patients on dialysis. The companies and investigators will present three posters highlighting Phase 3 data on peginesatide in dialysis patients with anemia related to chronic renal failure, including additional data on the trial subjects in the EMERALD dialysis studies. Details of the poster presentations at NKF follow: Wednesday, April 27, 2011, 6:00-7:30 p.m.: Safety and Efficacy of Peginesatide for Treatment of Anemia in Hemodialysis Patients Previously on Epoetin Alfa or Beta (Besarab, et al.)

Affymax, Inc., a biopharmaceutical company, engages in the development of drugs for the treatment of serious and life-threatening conditions.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received five thousand dollars in cash for one week (which has expired) of advertising services and anticipates receiving another five thousand dollars in cash for one month of advertising services from a third party (Stock Expert) for Smokefree Innotec, Inc. (SFIO.PK)