12-7-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Leah Schnurr, Reuters

Wall St rallies to 2-year high after tax cut deal

NEW YORK (Reuters) – Stocks jumped to a fresh two-year intraday high on Tuesday as investors bet that a deal to extend tax breaks will prompt increased spending and buoy the economy.

A stronger euro, rising commodity prices and an acquisition in the energy sector also combined to push Wall Street higher.

U.S. President Barack Obama announced the deal to renew Bush-era tax cuts for wealthier Americans — as Republicans had wanted — as well as the middle class. The deal was expected to extend breaks on dividends and capital gains.

Investors have said the tax cuts were necessary to keep the fragile economic recovery on track and could lead to more spending and investing. Keeping the capital gains tax steady could make investors less inclined to sell shares.

“This is tantamount to another stimulus plan,” said Joseph Battipaglia, market strategist at Stifel Nicolaus in Yardley, Pennsylvania.

Yesterday's Top Performing Small Cap Stock:

Infrax Systems, Inc. IFXY

Infrax Systems, Inc. was a SmallCapVoice.com top performer closing up over 14% on trading volume of 2,183,498 shares.

Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Infrax's products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the “last mile” backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.

Today's SmallCapVoice.com Hot Stock to Watch:

Energy & Technology Corp. ENGT

As the holding company of Technical Industries, Inc., Energy Pipe, LLC. and Energy Technology MFG & Threading LLC., Energy & Technology, Corp. is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, engineering, non-destructive testing, storage, maintenance and other products, and services.

SmallCapVoice Clients' News

Madison Ave. Media, Inc. KHZM

Madison Ave. Media Appoints New President

Madison Ave. Media Appoints Jim Lindsey as President

BOCA RATON, FL — (Marketwire) — 12/06/10 — Madison Ave. Media, Inc. KHZM, a global leader in brand intelligence and mobile marketing, today announced the appointment of Jim Lindsey as President of Madison Ave. Media, presiding over all business units. Lindsey previously joined the firm as Vice Chairman of the board in April of 2009, and will continue to serve that function. Due to recent acquisitions, Lindsey was tapped to assume the additional responsibility of President, reporting directly to the Chairman, Stephen Molinari. Lindsey will lead the firm's strategic initiatives and is responsible for its overall execution and performance.

Visualant, Inc. VSUL

A New Audio Interview Featuring Ron Erickson, Chairman and Chief Executive Officer of Visualant, Inc., is now at SmallCapVoice.com

AUSTIN, Texas–(BUSINESS WIRE)– SmallCapVoice.com, Inc. announced today that a new audio interview with Visualant, Inc. VSUL, a pioneer provider of industry-leading identification solutions, is now available. The interview can be heard at http://smallcapvoice.com/blog/12610-audio-interview-with-visualant-inc-otcbb-vsul.

Other Small Cap News

Biovest International, Inc. BVTI

Biovest Reports a Significant Discovery in Cancer Vaccines for Lymphoma: Vaccine Isotype Determines Improvement in Disease-Free Survival Following Vaccine Therapy

TAMPA, Fla. & MINNEAPOLIS–(BUSINESS WIRE)– Biovest International, Inc. BVTI today announced at the American Society of Hematology (ASH) Annual Meeting in Orlando, Florida, an updated Phase III data analysis for BiovaxID®, Biovest's personalized vaccine for the treatment of non-Hodgkin's lymphoma. This analysis suggests that the improved disease-free survival following personalized lymphoma vaccine therapy depends on an integral tumor protein fragment administered as part of each patient's vaccine. In lymphoma, this protein fragment, termed the “isotype”, was previously believed to be unimportant to vaccine response. The new analysis further suggests that patients receiving a vaccine with a specific isotype (IgM) experienced a dramatic disease-free survival benefit.

QuickLogic Corporation QUIK

QuickLogic Expands Presence in Asia to Meet Increasing Demand for CSSPs

New Office in Shanghai, China Offers CSSP Architecture, Customization, and Sales Support for OEMs, ODMs, and Design Houses

SUNNYVALE, CA–(Marketwire – 12/06/10) – QuickLogic Corporation QUIK, the leader in low power Customer Specific Standard Products (CSSPs), today announced the opening of a new office in Shanghai, China to support the increasing demand for CSSPs in Asia. This move underscores QuickLogic's commitment to the handheld mobile market, and to Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs) and design houses developing products such as tablets, smartphones, datacards, and mobile enterprise equipment. The office will be headed by Johnson Shang, Director of Strategic Accounts.

Barnes & Noble, Inc. BKS

Barnes & Noble Surges as Pershing, Borders May Team Up on Takeover Offer

Barnes & Noble Inc. and Borders Group Inc. surged in New York trading after William Ackman's Pershing Square Capital Management LP offered to work with Borders on a takeover of the bookstore chain's larger rival.

Ackman's New York hedge-fund firm is willing to help Borders fund an offer of $16 a share, saying the move would lead to savings, according to a regulatory filing today. Borders reiterated its interest in a deal and in “continuing those discussions,” according to an e-mail from spokeswoman Mary Davis.

Pharmacyclics, Inc. PCYC

Pharmacyclics Reports Updated Clinical Results from its Phase IA Trial of its First in Human Btk-Inhibitor PCI-32765

Company to Host Conference Call at 4:30 p.m. ET Wednesday, December 8, 2010

ORLANDO, Fla. and SUNNYVALE, Calif., Dec. 7, 2010 /PRNewswire-FirstCall/ — Pharmacyclics, Inc. PCYC today announced results from the Phase IA study of its novel orally administered Bruton's tyrosine kinase (Btk) inhibitor, PCI-32765, in patients with relapsed or refractory B cell malignancies. The abstract titled “The Btk Inhibitor, PCI-32765, Induces Durable Responses with Minimal Toxicity in Patients with Relapsed/Refractory B-Cell Malignancies: Results from a Phase I study” is being presented by Nathan Fowler, MD at the 2010 Annual Meeting of the American Society of Hematology (ASH) today at 8:15 am in Orlando, FL.

CytRx Corporation CYTR

CytRx's INNO-206 Safely Delivers High-Dose Doxorubicin to Human Tumors in Animal Model of Multiple Myeloma

Study shows statistically significant tumor shrinkage with INNO-206 compared to commonly prescribed doxorubicin

ORLANDO, Fla.–(BUSINESS WIRE)– CytRx Corporation CYTR, a biopharmaceutical company specializing in oncology, announced positive study results indicating that INNO-206, a tumor-targeting pro-drug formulation of the commonly prescribed chemotherapy agent doxorubicin, safely and effectively delivered doxorubicin at higher doses than conventional doxorubicin to human myeloma cancers grown in immune-deficient mice. The study was directed by leading multiple myeloma expert James R. Berenson, MD, Medical & Scientific Director of the Institute for Myeloma & Bone Cancer Research, and presented in a poster session at the 52nd Annual Meeting and Exposition of the American Society of Hematology (ASH) in Orlando, Florida.

Tengion, Inc. TNGN

Tengion Presents New Data in Nine Posters and Two Oral Presentations at TERMIS North America Annual Meeting

EAST NORRITON, Pa., Dec. 7, 2010 /PRNewswire/ — Tengion, Inc. TNGN, a leader in regenerative medicine, today announced that data from the Company's Neo-Kidney Augment(TM), Neo-GI Augment(TM), and Neo-Urinary Conduit(TM) programs are being featured in several posters and oral presentations at the TERMIS North America annual meeting being held December 5-8, in Orlando, Florida. Key data featured include the first presentations on the Neo-Kidney Augment mechanism of action, product formulation, and additional efficacy data from an ongoing study in a large animal model demonstrating the ability of the Neo-Kidney Augment program to improve kidney function in animals at risk of kidney failure.

Wireless Telecom Group, Inc. (NYSE Amex: WTT)

Wireless Telecom Group Awarded $1.5M Contract from the United States Navy

PARSIPPANY, N.J.–(BUSINESS WIRE)– Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today that its wholly-owned subsidiary, Boonton Electronics, has been awarded a contract with the Department of the United States Navy to supply Boonton's 4500B RF Peak Power Meter in support of a Naval Sea Systems Command project. The total value of the contract is approximately $1.5M and a considerable portion of the order is expected to be realized over the next two years.

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