Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, delivered four poster presentations at the 2010 International Conference on Alzheimer�s Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro, Power3�s diagnostic test, and focused on Power3�s Alzheimer�s disease blood serum biomarkers, test and clinical validation trials.
Power3 has filed several patent applications for its NuroPro technology that are currently pending. Power3 also has a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, Power3 has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China, and has published 6 articles in peer-reviewed scientific journals on the subject. Power3 intends to publish these latest findings as well.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer�s disease, Parkinson�s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig�s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer�s, Parkinson�s and ALS diseases, for which it is currently engaged in Phase II clinical trials. These tests are designed to analyze an individual�s proteins to detect the presence of disease, a patient�s disease progression, a patient�s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
Chesapeake Lodging Trust (NYSE:CHSP) has declared a dividend payment of $.20 per common share. The dividend will be paid on October 15, 2010 to shareholders of record at the close of business on September 30, 2010. The amount of this initial dividend reflects the Company�s expectation that it will generate significant taxable income in 2010. Going forward, the Company intends to pay quarterly dividends in amounts determined at the discretion of the Company�s board of trustees.
�As a result of our successful investment of our initial capital in four hotel properties which are generating strong cash flows, we are pleased to be able to pay our first dividend within nine months of our IPO,� said James L. Francis, Chesapeake�s President and Chief Executive Officer.
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business, airport and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Company owns four hotel properties with an aggregate of 1,269 rooms in two states.
Chesapeake Midstream Partners, L.P. (NYSE: CHKM), a master limited partnership,reports financial results for the 2010 second quarter. Net income for the 2010 second quarter totaled $37.0 million, an increase of 6% over 2010 first quarter net income of $34.9 million. The Partnership�s second quarter adjusted ebitda (defined on page 3 of this release) was $60.9 million and distributable cash flow (defined on page 3 of this release) was $42.9 million.
Total throughput for the 2010 second quarter was 147.8 billion cubic feet (bcf) of natural gas or 1,624 million cubic feet (mmcf) of natural gas per day, an increase of more than 6% over 2010 first quarter throughput of 1,530 mmcf per day. The Partnership connected 96 new wells to its gathering systems during the 2010 second quarter and spent approximately $58 million on capital expenditures, including maintenance capital expenditures of $18 million. Maintenance capital expenditures consist primarily of well-connect costs required to replace natural declines in gathering volumes.
Chesapeake Midstream Partners, L.P. is one of the industry�s largest midstream master limited partnerships and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the Partnership’s operations are focused on the Barnett Shale and Mid-Continent regions of the U.S.
Chesapeake Utilities Corporation (NYSE: CPK), reports that Jeffrey R. Tietbohl, Vice President of Chesapeake Utilities Corporation, was appointed President of the Maryland-District of Columbia Utilities Association (Association) during its 86th Annual Fall Conference in Cambridge, Maryland. The Association’s members primarily include representatives from the region’s natural gas, electric, telecommunications, water and sanitary utilities. Mr. Tietbohl is the first Chesapeake executive to hold this position within the Association.
“This is a great opportunity for Jeff, and in his new role, I know he will be a tremendous asset to the Association,” said Michael P. McMasters, President and COO of Chesapeake Utilities Corporation. “Jeff’s leadership skills, utility expertise and overall experience will make him a valuable representative for the Association as we confront the energy challenges of the future.”
Mr. Tietbohl was appointed Vice President of the Company in June. He previously served as Assistant Vice President, Director of Natural Gas Distribution for Chesapeake Utilities’ Delaware and Maryland divisions as well as Director of Regional Business Planning and Development for the Delmarva Natural Gas Distribution business unit, in addition to serving in various other regulatory and accounting positions since joining the Company in 1989. In addition to managing both the Delaware and Maryland natural gas distribution divisions, he has developed and executed strategic plans as well as prepared and managed the unit’s financial performance relative to its operating and capital budgets. He has also developed and implemented sales and marketing programs and pursued new opportunities to extend natural gas services to new and previously unserved markets.
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