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SmallCapReview.com: Small Cap Stocks to Watch - ULBI, DDSS, MPAA, XOHO(M2 PressWIRE Via Thomson Dialog NewsEdge) RDATE:08022008 To register for the Free SmallCapReview newsletter and automatically be entered to win a Blackberry Pearl visit http://www.smallcapreview.com/subscribe.htm Ultralife (Nasdaq: ULBI) Closed at $16.73. Today announced that it has entered into a definitive agreement to form a joint venture with its distribution partner in India to establish a battery assembly and sales operation in Bangalore. The joint venture company, of which Ultralife will own 51%, has received approval by the Indian government and will be managed locally by Ultralife's partner, Mr. B. R. Ganesh. The joint venture company will assemble Ultralife power solution products and manage local sales and marketing activities, serving commercial, government and defense customers throughout India. ULBI is a current Focus stock at SmallCapReview. Labopharm (Nasdaq: DDSS) Closed at $1.98. Today announced that its recently completed North American Phase III clinical trial for its once-daily formulation of the antidepressant trazodone (study 04ACL3-001) achieved statistical significance for the primary efficacy endpoint (p value of 0.0183). The study also demonstrated significantly improved patient sleep patterns in favour of trazodone. Labopharm plans to file a New Drug Application (NDA) for its once-daily formulation of trazodone with the U.S. Food and Drug Administration later this year. "The positive results of this study not only demonstrate the efficacy and safety of our once-daily formulation, but also the ability of our formulation to significantly improve the overall quality of sleep - there was significantly less awakening at night," said James R. Howard-Tripp, President and Chief Executive Officer, Labopharm Inc. "It is recognized that a major challenge in treating depression is having patients comply with taking their medication due to slow onset of action and exacerbation of sleep disturbance and agitation. As a result, a once-daily depression treatment that also reduces agitation and improves quality of sleep, thus reducing the need for add-on therapies, should be well positioned in the antidepressant marketplace. We believe that our once-daily trazodone formulation is such a treatment." Motorcar Parts of America (Nasdaq: MPAA) Closed at $7.60. Today announced it has received an exclusive three-year extension of a supply contract for new and remanufactured alternators and starters from a major automotive retailer, with estimated aggregate sales of approximately $50 million. Terms were not disclosed. ''The extension of this supply agreement secures an important business relationship and enables both of our organizations to benefit from anticipated increasing replacement rates as vehicles age beyond the current 9.4 year average,'' said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc. XO Communications (OTCBB: XOHO) Closed at $1.59. Today announced that it is building new metro network facilities in Charlotte, North Carolina which will enable the company to offer a broad range of advanced IP-based voice and data communications services for the first time to businesses and service providers across the Charlotte metropolitan area. XO Communications is expanding the reach of its 18,000-mile nationwide inter-city network, which runs through Charlotte, by acquiring metro network capabilities and establishing points of presence locations across the metropolitan area. The company expects to begin offering its services in the later part of the first quarter of 2008, and has already begun building a local sales organization. To lead the new sales organization, the company has appointed Josh Brant as XO's general manager for the Charlotte market. About SmallCapReview SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks, to register and automatically be entered to win a Free Blackberry Pearl visit http://www.smallcapreview.com/subscribe.htm ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |