6-29-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks are sharply lower on global economic concerns

Stocks and interest rates are extending their losses after consumer confidence dropped because of concerns about the economy.

The Conference Board says Tuesday its Consumer Confidence Index fell nearly 10 points to 52.9, down from a revised 62.7 in May. Economists had forecast only a modest drop.

U.S. markets were already down before the consumer report. They followed Asian markets, which fell after data showed that Japan’s recovery has slowed. European indexes fell after Greek workers walked off the job to protest budget cuts.

The Dow Jones industrial average is down 238 at 9,901. It had been down 175 ahead of the confidence report. The Standard & Poor’s 500 index is down 27 at 1,047. The Nasdaq composite index is down 66 at 2,154.

Yesterday’s Top Performing Small Cap Stock:

Tie Technologies, Inc. (Pink Sheets: TTCS)

TIE Technologies, Inc. was a SmallCapVoice.com top performer closing up over 12% on trading volume of 6,137 shares.

TIE Technologies, Inc., and Geocomp Corporation announce that BP and U.S. Coast Guard team is to make final inspection of potential site for the field deployment and testing of the OilDam(TM) in Baldwin County, Alabama.

TIE Technologies’ revised OilDam(TM) proposal developed in conjunction with Geocomp Corporation has undergone technical engineering review by BP’s Horizon Alternative Response Technology Team. The site inspection in Weeks Bay in Baldwin County is being conducted by the BP and U.S. Coast Guard Field Technical Operations Group. Scheduled field testing will commence within 8 days of the site approval. The proposed site will allow the OilDam(TM) to be deployed along a sand like sea floor, in water of approximately three to four feet in depth, in front of a tidal salt water marsh near the mouth of Weeks Bay.

Today’s SmallCapVoice.com Hot Stock to Watch:

VizStar, Inc. VIZS

VizStar, Inc. Appoints Aviation Expert Thomas Tamulinas as Director of Flight Operations

Jun. 29, 2010 (Business Wire) — VizStar, Inc. VIZS, an upscale aviation charter transportation broker, announces today that the Board of Directors has approved the hiring of Mr. Thomas Tamulinas to become the Company’s Director of Flight Operations. Mr. Tamulinas will join the VizStar team and add his aviation acumen effective immediately.

SmallCapVoice Clients’ News

WindPower Innovations, Inc. (Pink Sheets: WPNW)

WindPower Innovations, Inc. Introduces New Subsidiary Energetic Drives, LLC

Jun. 29, 2010 (Business Wire) — WINDPOWER INNOVATIONS, INC. (PINK SHEETS: WPNV) announced today that its wholly owned subsidiary, Energetic Drives, LLC., has been unveiled as the “innovation division” of WindPower Innovations.

“We welcome President and CEO of Energetic Drives, Ian K. Griffiths, to our management team,” said WindPower Innovations’ President John E. Myers. “With backgrounds spanning multiple disciplines, Mr. Griffiths and his team of engineers and PHD’s complete the foundation for positioning us as a leading wind power infrastructure and smart grid solutions company, able to cater to every aspect of the wind power industry.”

Other Small Cap News

ULURU Inc. ULU

ULURU Inc. Announces Divestiture of Zindaclin(R)

ULURU Inc. Announces Divestiture of Zindaclin(R) – Company to Receive up to $2.6 Million

ADDISON, Texas, June 28 /PRNewswire-FirstCall/ — ULURU Inc. (NYSE Alternext: ULU) announced today that Strakan International Limited and ULURU have divested their respective interest in Zindaclin® to a subsidiary of Crawford Healthcare Limited, a pharmaceutical company based in England. Zindaclin® is a product for the treatment of acne which is outside the strategic focus of ULURU. This product was included in the technology package ULURU acquired when it was formed in 2005.

Furmanite Corporation FRM

Furmanite Awarded Project in Canada

Furmanite America, Inc. Receives a $4.7 Million Contract

DALLAS–(BUSINESS WIRE)–Furmanite Corporation FRM today announced that its subsidiary, Furmanite America, Inc., has received a $4.7 million Line Isolation Project in the Northern Oil Sands Region of Canada. Furmanite was selected to design, engineer, manufacture and provide service for a Hot Tap and Line Stop on a 16” alloy, boiler feed, piping system that operates at 950 psi and 925oF.

Hospira, Inc. HSP

Hospira Announces Intention to Complete Tender Offer for Shares of Javelin Pharmaceuticals

LAKE FOREST, Ill., June 28 /PRNewswire-FirstCall/ — Hospira, Inc. HSP, a global specialty pharmaceutical and medication delivery company, today announced its intention to complete the tender offer by Discus Acquisition Corporation, a wholly owned Hospira subsidiary, for all outstanding shares of the common stock of Javelin Pharmaceuticals, Inc. (NYSE – Amex: JAV), upon its currently scheduled expiration at 12:00 midnight, New York City time, on June 30, 2010 (the end of the day on June 30, 2010).

Depomed Inc. DEPO

Depomed receives $10 million payment from partner

Depomed receives $10 million milestone payment from partner Abbott Products for pain drug

MENLO PARK, Calif. (AP) — Depomed Inc. said Monday it received a $10 million milestone payment from Abbott Products Inc. for the shingles-related pain drug candidate DM-1796.

The payment was prompted by the Food and Drug Administration’s acceptance for filing of the application for the drug candidate. Depomed licenses the drug candidate to Abbott Products.

Spire Corporation SPIR

Spire Receives DOE Grant to Develop LED Based Solar Simulator

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation SPIR, an American global solar company providing capital equipment and turnkey manufacturing lines to produce photovoltaic (PV) modules worldwide, today announced it has been selected by the Department of Energy (DOE) as the recipient of a Small Business Innovation Research grant to develop a light emitting diode (LED) based solar simulator.

DARA BioSciences, Inc. DARA

DARA BioSciences Reports on SurgiVision Receiving FDA Clearance to Market Its ClearPoint System

On June 26, 2010 SurgiVision Filed an Amendment to Its S-1 Registration Statement

RALEIGH, N.C., June 28, 2010 (GLOBE NEWSWIRE) — DARA BioSciences, Inc. DARA, announced today that SurgiVision, Inc., a privately held company of which DARA owns 1,613,258 shares and warrants to purchase an additional 405,000 shares, has received 510(k) clearance from the Food and Drug Administration (FDA) to market their ClearPoint system in the United States for general neurological interventional procedures.

Halozyme Therapeutics, Inc. HALO

Coinjection of Halozyme’s rHuPH20 Enzyme Accelerates the Absorption and Action of Mealtime Insulin Analogs

rHuPH20 accelerates the absorption and action of all three insulin analogs to a similar extent

SAN DIEGO, June 28 /PRNewswire-FirstCall/ — Halozyme Therapeutics, Inc. HALO today announced clinical trial results showing that the addition of its proprietary rHuPH20 (recombinant human hyaluronidase, PH20) enzyme to three different mealtime insulin analogs accelerated their absorption. The acceleration produced by the coadministration of rHuPH20 produced significantly more pronounced insulin effects during the first hour after injection as well as a more rapid diminution of insulin effects two to four hours after administration compared to the analogs alone. The coinjection of PH20 with lispro (Humalog®), aspart (NovoLog®) and glulisine (Apidra®) results in a more physiologic fast-in, fast-out profile and enhances the glucodynamic performance for each analog. Halozyme presented these results at the American Diabetes Association 70th Scientific Sessions today in Orlando, Fla.

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