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Fabrinet (NYSE:FN) reported its financial results for the second quarter of fiscal 2011, ended December 24, 2010.

Fabrinet reported total revenue of $184.6 million for the second quarter of fiscal 2011, an increase of 61% compared to revenue of $114.4 million for the comparable period in fiscal 2010. GAAP net income in the second quarter was $15.8 million, or $0.46 per diluted share, an increase of 42% compared to GAAP net income of $11.1 million, or $0.35 per share in the second quarter of 2010.

The company expects third quarter revenue to be in the range of $182 million to $187 million.

Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, final assembly and test.

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Power3 Medical Products, Inc. (PWRM.OB) plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company.

Rozetta-Cell is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. The company has a robust intellectual property portfolio and has created numerous products for adult stem cell therapy that are ready for market globally. Rozetta-Cell also has several collaborations in process through which it is partnering with industry-leading adult stem cell research companies and adult stem cell vendors.

The acquisition of Rozetta-Cell is expected to be completed in February 2011.

Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease). PWRM applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer's, Parkinson's, and ALS diseases, for which it is currently engaged in Phase II clinical trials. These tests are designed to analyze an individual's proteins to detect the presence of disease, a patient's disease progression, a patient's response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.

For more information about this company please visit http://www.power3medical.com

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Proper Power & Energy, Inc. (PPWE.OB) previously reported that its wholly owned subsidiary, American Resources, Inc., has begun production on its 87.5 acres in Western Kentucky. American Resources, Inc. has completed the re-work on all 4 wells, with those wells online and pumping. Oil is the heartbeat of the world's economy and the world consumption of oil, spurred on by countries such as India and China, is set to increase tremendously.Since the horse and carriage became obsolete because of the car, the main mean of transportation, oil has become vitally important to the world economy.

Furthermore, Proper Power & Energy reported the next stage of its Western U.S. operations. Proper Power & Energy met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.

Proper Power & Energy is an independent exploration and production company. Proper Power & Energy's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which Proper Power & Energy controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power & Energy, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.

For more information about this company please visit http://properpower.com/

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