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UREX ENERGY CORP
SmallCapStockAlert.com: Featured Stock: Urex Energy Corporation
11/17/2006
Nov 16, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Stocks to Watch: Urex Energy Corporation (OTCBB: URXE), Allegheny Energy (NYSE: AYE), Northwest Airlines Corporation (PinkSheets: NWACQ), Intel Corporation (Nasdaq: INTC), Memory Pharmaceuticals Corp (Nasdaq: MEMY)
Featured Stock: Urex Energy Corporation (OTCBB: URXE) Current Price (1.04) www.smallcapstockalert.com
Urex Energy Announces Completion of District Wide Geological Evaluation of the Grants Uranium District Wednesday November 15, 4:23 pm ET RENO, Nev.----Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE - News) reports that it has completed a comprehensive geological evaluation of the Grants Uranium District, New Mexico which is designed to identify new uranium resource opportunities. The evaluation focused on historic uranium mining areas and using this data the Urex's geologists projected mineralization trends into new areas. Additionally, Urex's technical team has developed a new uranium mineralization model for the district which the Company is excited about employing in its on-going acquisition program in the district.
Furthermore, the Company is pleased to report progress on the permitting of its La Jara Mesa Extension uranium property for drill testing. Field work for the required archeological survey of the drill sites has been completed and a report is in preparation. This is one of the last requirements of the drill permit process in New Mexico.
Urex's South American management team is scheduled to meet with Argentine regulatory officials with regard to the seismic survey and drill program planned for the Company's Rio Chubut Property next week.
The Company expects start-up on both the La Jara Mesa and Rio Chubut exploration programs this month.
For more information please visit the Company's website located at www.urexenergy.com.
About Urex Energy Corporation Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. The Cerro Solo exploration block is approximately 20 km x 50 km, and borders the Cerro Solo Uranium deposit to both the North and the South.
Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.
Contact: Urex Energy Corporation Mr. Brad Long, Investor Relations, 866-493-(URXE) 8793 info@urexenergy.com www.urexenergy.com ________________________________________ Source: Urex Energy Corporation
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Allegheny Energy (NYSE: AYE) Current Price (44.22) www.smallcapstockalert.com Allegheny Energy, Inc., through its directly and indirectly owned subsidiaries, engages in the ownership and operation of electric generation facilities; and delivers electric services. The company operates through two segments, Delivery and Services, and Generation and Marketing. The Delivery and Services segment operates electric public utility systems. It also engages in electric transmission and distribution systems. The Generation and Marketing segment owns, operates, and controls electric generation capacity, as well as supplies and trades energy and energy-related commodities. Allegheny Energy offers its services to customers in Pennsylvania, West Virginia, Maryland, and Virginia. The company was incorporated in 1925 and is headquartered in Greensburg, Pennsylvania.
Northwest Airlines Corporation (PinkSheets: NWACQ) Current Price (1.50) www.smallcapstockalert.com Northwest Airlines Corporation, together with its subsidiaries, engages in the commercial transportation of passengers and cargo. It operates domestic and international route networks and directly serves approximately 248 destinations in 23 countries in North America, Asia, and Europe. The company develops and markets vacations that include air transportation, hotel accommodations, and car rentals. It also markets and supports WorldVacations travel packages to destinations throughout the U.S., Canada, Mexico, the Caribbean, Europe, and Asia. As of March 31, 2006, Northwest Airlines operated a fleet of 367 aircrafts, consisting of 302 narrow-body and 65 wide-body aircrafts. The company was founded in 1926 and is based in Eagan, Minnesota. Northwest Airlines and 13 of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York in September 2005. The company operates its business as debtor-in-possession.
Intel Corporation (Nasdaq: INTC) Current Price (22.07) www.smallcapstockalert.com Intel Corporation engages in the manufacture of semiconductor chips, as well as in the development of advanced integrated digital technology platforms for the computing and communications industries. The company's products include microprocessors; chipsets; motherboards; flash memory; wired and wireless connectivity products; communications infrastructure components, including network processors; application and cellular baseband processors; and products for networked storage. Its products are incorporated primarily into desktop computers, the infrastructure for the Internet, enterprise computing servers, notebooks, wireless connectivity products, and handheld computing devices. Intel Corporation's microprocessors primarily include Intel Core, Intel Pentium, Intel Celeron, and Intel Xeon; wireless connectivity products consist of Intel PRO/ Wireless 5116 Broadband Interface; cellular baseband processors comprise Intel PXA 901; and communications infrastructure products primarily include brand name Intel Pentium M processor 760. The company's customers include original equipment and design manufacturers, PC and network communications products users, and industrial and communications equipment manufacturers. It offers its products through its sales force and distributors in the Asia-Pacific, Europe, the Americas, and Japan. Intel Corporation was incorporated in 1968 and is based in Santa Clara, California.
Memory Pharmaceuticals Corp (Nasdaq: MEMY) Current Price (2.51) www.smallcapstockalert.com Memory Pharmaceuticals Corp., a biopharmaceutical company, engages in the discovery and development of drug candidates for the treatment of central nervous system disorders in the United States. It offers drugs for neurological diseases associated with aging, such as Alzheimer's disease, as well as certain psychiatric disorders, such as schizophrenia, bipolar disorder, and depression. The company's products for the treatment of Alzheimer's disease include MEM 1414, a Phase 1 clinical stage product; MEM 1917, a preclinical completed product; and MEM 63908, a preclinical stage product. Memory Pharmaceuticals also offers MEM 3454, a Phase IIa ready product, for the treatment of schizophrenia and/or Alzheimer's disease; and MEM 1003, a Phase IIa clinical stage product, for the treatment of Alzheimer's disease and bipolar disorder. It has collaborations with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc. for the development of its PDE4 inhibitors and nicotinic alpha-7 partial agonists; and Amgen, Inc. for the development of PDE10 inhibitors. In addition, the company has an agreement with The Stanley Medical Research Institute to develop MEM 1003 as a treatment for bipolar disorder. Memory Pharmaceuticals was co-founded by Jonathan J. Fleming and Walter Gilbert. The company was incorporated in 1997 and is based in Montvale, New Jersey.
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