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This morning Fredericks of Hollywood announced the completion of its outsourcing plan and will be consolidating its production and distribution facilities. The result will be a savings of about $2 million in total, annually. Ceasing manufacturing in the Philippines will be the final stage in completing the outsourcing plan, saving the company $1.5 million. FOH has also consolidated its retail and distribution capabilities in its facility located in Phoenix Arizona. 

NeoStem, Inc. (AMEX: NBS) today announced that it has been selected for the award “Best Stem Cell Company, 2010” in the New Economy’s Biotech Awards, which identify excellence in the field of technology.

Today, Delta Apparel signed a letter of intent and expects to acquire substantially all of the net assets of HPM Apparel, Inc. d/b/a The Cotton Exchange by July 15, 2010.

NeoStem, Inc. (AMEX: NBS) is an international biopharmaceutical company with operations in U.S. and China. It announced today that on June 15, 2010 that its 51% owned Suzhou Erye pharmaceutical subsidiary passed the government inspection by the State Food and Drug Administration in China to manufacture penicillin and cephalosporin powder for injection at its new manufacturing facility.

Polymet Mining Corporation (AMEX: PLM) is currently trading at $1.55, up $.24 or 18.32%. The company announced today its Environmental Impact Statement (EIS) path forward to completion.

WMM NanoCap Index

Kona Grill (NASDAQ: KONA) is currently trading at $3.70, up $.28 or 8.19%. The company owns and operates 24 restaurants located in 15 states, featuring American favorites with an international influence and sushi in a casually elegant atmosphere. It is trading at a volume of 1000 shares, with a 52-week high of $5.62.

Lightbridge technology is trading at 8.21 up 2.30 or 35% after announcing the invention of a breakthrough Nuclear Fuel Technology based on an all metal fuel assembly with the purpose of reducing initial capital costs per megawatt. The invention can be applied to currently operating reactors and is said to provide a 30% increase in power output per reactor. 

Today it was announced that the company’s Thomas 36 No. 1 which spud on April 29 2010 has reached its total drilling depth and the production casing string has been set to 16,224 feet Total Measured Depth (TMD) which includes approximately a 4,250' horizontal section. To explain the lingo, “to spud” means to begin drilling in a new well.

Today, Accelr8 Technology Corp. (AMEX: AXK) is currently trading at $1.33, up $0.20 or 17.70%, upon its announcement of signing a technology evaluation agreement for is BaCcel^TM rapid diagnostic system with a global diagnostics company.