TapImmune (OTC:TPIV) Raises $1.16M from PIPE

TapImmune (OTC:TPIV) announced today the closing of a $1.16M funding. As I write, shares of TapImmune are up 3 percent at $0.17 per share on light volume of 9,000 shares. The company has a market cap of $6.8 million.

On February 24, 2011, TapImmune entered into a securities purchase agreement with accredited investors in the amount of $1,159,413. A portion of the net proceeds of the financing was used to prepay some outstanding notes and to purchase and retire 11,200,000 warrants to purchase shares of common stock. The remainder will be used for general corporate matters and for other expenses related to the company’s clinical programs and partnerships. Full details of the transaction can found in the company’s 8K filed with the SEC today.

“We are pleased to be able to retire such a large portion of the outstanding registered warrants issued last May. We believe this will remove a significant overhang from our capital structure and enable us to consummate longer term financing opportunities as we start our clinical programs," said Denis Corin, TapImmune's CFO.

TapImmune's approach is designed to increase the efficacy of vaccines by enhancing antigen presentation through the use of the Transporter of Antigen Processing ('TAP'). Replacement of this transporter provides a significant immune response with the potential to treat a variety of cancers which lack normal amounts of TAP.

For more information, please visit TapImmune’s website www.tapimmune.com.

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Arbinet (NASDAQ:ARBX) Acquired by Primus (OTC:PMUG)

Primus Telecommunications Group (OTC:PMUG) announced today that it has completed its acquisition of Arbinet Corporation (NASDAQ:ARBX), a provider of wholesale telecom exchange services to carriers in an all-stock transaction. Pursuant to the definitive merger agreement dated November 10, 2010, which was further amended on December 14, 2010, it is anticipated that Arbinet stockholders will receive approximately 0.5817 shares of Primus common stock for each share of Arbinet common stock that they hold. As I write, shares of Primus are flat at $15.60 per share on light volume. Primus has a market cap of $153 million and a 52-week range between $5.75 and $16.25 per share.

Arbinet stockholders (by virtue of holding Arbinet common stock immediately prior to the effective time of the merger) now own approximately 25% of the outstanding shares of Primus common stock. The number of Primus shares outstanding, on a pro forma basis for the completion of the transaction, is 13,108,380.

Peter D. Aquino, Chairman, President and Chief Executive Officer, stated, "The combination of Primus' International Carrier Services group with Arbinet's thexchange(SM) creates a unit with over $500 million in annual revenue. This enhances our competitiveness and our ability to serve the diverse needs of our customers. The new business unit called PTGi International Carrier Services is uniquely positioned to fulfill customers' wholesale needs regardless of their sourcing preferences. We are now implementing our plan of integration, which we expect to be substantially completed over the next 12 months. We anticipate accretive cost synergies of approximately $3 million in 2011 and approximately $7 million in 2012. We continue to expect this to be a win for our customers and employees, and to generate additional value for stockholders. We welcome Arbinet's employees and its stockholders to PTGi."

Primus is a provider of advanced communication solutions, including, traditional and IP voice, data, mobile services, broadband Internet, collocation, hosting, and outsourced managed services to business and residential customers in the United States, Canada, Australia, and Brazil. Primus is also one of the international wholesale service providers to fixed and mobile network operators worldwide. Primus owns and operates its own global network of next-generation IP soft switches, media gateways, hosted IP/SIP platforms, broadband infrastructure, fiber capacity, and data centers located in Canada, Australia, and Brazil. Founded in 1994, Primus is headquartered in McLean, Virginia.

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Command Center (OTC:CCNI) Reports $5.08M Revenue for February

Command Center (OTC:CCNI), a national provider of on-demand and temporary staffing solutions, today announced revenue of $5.08 million for the four-week reporting period of February 2011, a 51% increase on revenue of $3.36 million recorded in February 2010. There were 51 company-owned stores in February, as compared with 50 stores one year ago. Command Center closed yesterday at $0.47 per share and has a market cap of $26 million.

“We are extremely pleased with these results,” said Command’s Chairman and CEO, Glenn Welstad. “Despite harsh weather conditions that normally impact our results in the month of February, we were able to generate better-than-expected numbers due to the outstanding sales efforts of our branch office personnel. February revenue also received an added boost from a large event services contract that Command has serviced for the past five years.”

Mr. Welstad added that he expects revenue growth in 2011 “to increase significantly through strategic acquisitions and the opening of new branch offices in areas of the country where there are immediate needs for workers in response to customer orders. In both cases, management will be focused on opportunities for expansion that serve to maintain or improve margins and profitability.”

The Company provides on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments.

Additional information on Command Center is available at www.commandonline.com.

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Car Charging Group (OTCBB:CCGID): Mall of America Charging Station

Oxford,MS 3/1/2011/PennyPayDay -- Car Charging Group (OTCBB:CCGID), a provider of electric vehicle (EV) charging services with the mission to own and build-out a nationwide network of EV charging stations, announced it has completed the installation of EV charging stations at Mall of America(R) in Bloomington, Minnesota, the nation's largest retail and entertainment complex.

"Installing EV charging stations at the most visited mall in the nation is just Car Charging Group's latest rollout of EV infrastructure," said Car Charging Group CEO Michael D. Farkas. "We are continuing to negotiate with residential property owners, parking garages, businesses, shopping malls and other public parking areas to coordinate the best site for EV chargers."

"The EV industry is expanding and Mall of America views the installation of EV charging stations as a necessary amenity for our shoppers, as well bolster our efforts to create a high performance green facility," said Dave Haselman, Executive Vice President, Mall of America.

Mall of America stations are Level II, 240 volt, ChargePoint(R) Networked Charging Stations for electric vehicles, which are manufactured by Coulomb Technologies, the leader in electric vehicle charging solutions.

Car Charging Group is providing electric vehicle charging stations at no cost to property owners, while retaining ownership, due to aid from government tax incentives, subsidies, loan guarantees and grants. Drivers will have access to convenient charging locations, and partners obtain a percentage of the generated charging revenue.

"The addition of high-profile retail partners like Mall of America provides great momentum behind our mission to build out a nationwide infrastructure," added Car Charging Director of Sales, Brian Golomb. "The world's first affordable, mass-produced EVs are on the road and more are coming every day. By utilizing our services our clients are ready for them."

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Morgan Stanley Hacked by Same Chinese Group who Hacked Google

Morgan Stanley experienced a "very sensitive" break-in to its network by the same China-based hackers who attacked Google Inc's computers more than a year ago, Bloomberg reported, citing leaked emails from an Internet security company. The emails from the Sacramento, California-based computer security firm HBGary Inc said that Morgan Stanley -- the first financial institution identified in the series of attacks -- considered details of the intrusion a closely guarded secret, the report said.

Bloomberg quoted Phil Wallisch, a senior security engineer at HBGary, as saying that he read an internal Morgan Stanley report detailing the so-called Aurora attacks. The HBGary emails don't indicate what information may have been stolen from Morgan Stanley's databanks or which of the world's largest merger adviser's multinational operations were targeted, according to the report. Representatives for HBGary were not immediately available for comment.

A Morgan Stanley spokeswoman declined to comment on whether the bank had been targeted in the Aurora attacks. "Morgan Stanley invests significantly in IT security and manages a robust program to deal with malware and attempted computer compromises," spokeswoman Sandra Hernandez said in a statement emailed to Reuters. Chinese Foreign Ministry spokeswoman Jiang Yu repeated that China opposed any kind of hacking.
"We often hear this kind of story. I don't know if related parties have reported this to the relevant authorities asking China to cooperate," Jiang told a regular news briefing. "We ... will use the law to go after any kind of hacking or crime on the Internet," she added.

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8888 Acquisition (PINK:EGHA) Appoints New VP of Finance

8888 Acquisition Corporation (PINK:EGHA) today announced that the Company appointed Mr. Peter Chen as Chengchang Shoes' new Vice President of Finance. Shares of 8888 Acquisition closed on February 24, 2011, at $1.02 per share. The Company has a market cap of $35 million and a 52-week range between $0.07 and $5.00 per share.

"I am very pleased to join Chengchang shoes at this exciting stage in its corporate history and look forward to helping the Company solidify its position as one of China's leading manufactures of innovative, high-quality shoe soles and related products," commented Mr. Chen, Cheng Chang Shoes' newly appointed Vice President of Finance.

"We welcome Mr. Chen to join in our team with his valuable knowledge in the financial industry," said Mr. Guoqing Zhuang, the Chairman and CEO of Chengchang Shoes, "with his extensive experience and expertise, we looking forward to continuing to strengthen our financing team, promoting Chengchang Shoes and building the value for shareholders."

The Company, through its wholly owned subsidiary, Jinjiang Chengchang Shoes Co., Ltd, is a designer and producer of high quality soles marketed to manufacturers of athletic and leisure shoes in China. The Company categorize its sole products into three primary product lines: (i) EVA, or ethylene vinyl acetate, sole products; (ii) RB, or synthetic rubber, sole products; and (iii) EVO, or EVO outsole, products which are an outgrowth of its EVA product line that is designed to be more abrasive resistance and lighter and softer than EVA product line. The Company also offers EVO compound pellet products.

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Some LargeCap Stocks to Keep an Eye on Today

JPMorgan Chase is a defendant in more than 10,000 legal proceedings and may be $4.5 billion short of reserves needed to cover those costs in a worst-case scenario, the firm said in a regulatory filing on Monday. Shares of the company fell 0.4% to $46.50 in premarket trading Tuesday.

Do-it-yourself auto parts retailer Autozone said its second-quarter net income increased 20% to $148.1 million, or $3.34 a share, from $123.3 million, or $2.46 a share, a year earlier. Net sales rose about 10% to $1.66 billion. Analysts, on average, were calling for earnings of $3.05 a share on revenue of $1.63 billion. Shares of AutoZone were rising 3.1% to $266.

Rockville, Md.-based drug developer Novavax received a flu vaccine development contract from the Department of Health and Human Services. Novavax was popping 33.1% to $3.46 in premarket trading.

Wireless data infrastructure company Sonus Networks posted a surprise profit in the latest quarter, nearly doubling revenue on a sequential basis. Shares of the company were surging 25.4% to $3.80 in premarket trading.

Home entertainment provider TiVo reports fourth-quarter earnings after the markets close Tuesday. The earnings release comes as communications company Motorola Mobility brings a patent infringement suit against TiVo for violating intellectual property rights for digital video recorders. Wall Street expects TiVo to post a loss of 28 cents a share on revenue of $41 million.

Premarket quotes weren't available for TiVo. The stock fell 1.2% to $10.28 on Monday, while Motorola Mobility fell 1.3% to $30.20.

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