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2010
21st
June 3:03pm

Stock Update: (SSHO, ISYS, DSX, WHRT)


Posted By Contributor

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South Shore Resources Inc. (Pink Sheets: SSHO) welcomes and supports the new national greenhouse gas auto emission and efficiency standards to be implemented in the United States and Canada. The new regulations which were recently announced by both governments aim to cut carbon dioxide emissions from vehicles by 30 percent and increase fuel efficiency by 40 percent over the coming years. South Shore believes these regulations illustrate the environmental and financial merits of the HyProStar Series of Hydrogen Generating Modules and its technology. South Shore also believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases. South Shore is now poised to commercialize its HyProStar Hydrogen Generator Hybrid Conversion Kit and bring it to the global market. With over 750 million automobiles currently using combustible engines world wide and the increased pressure to reduce greenhouse gases, the Company is confident that now is the time to aggressively enter this market.

Integral Systems, Inc. (Nasdaq:ISYS) reported that it has appointed Christopher Roberts as Chief Financial Officer. An experienced financial leader, Mr. Roberts has worked in government contracting for more than 24 years, primarily in the aerospace, defense and information technology sectors. Most recently, he was Director of Finance and Administration for Infinity Technology, LLC. Mr. Roberts will join the Company on June 28, 2010 and will report directly to Paul Casner, CEO of Integral Systems.

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, reported that Diana Containerships Inc., its majority-owned subsidiary formed for the purpose of investing in containerships, has entered into agreements to acquire two 3,400 TEU newbuilding containerships built at TKMS Blohm + Voss Nordseewerke GmbH, Emden, Germany from a third-party seller for a purchase price of Euro 37,300,000 each (approximately US$45.5 million based on the Euro/Dollar exchange rate as of June 8, 2010).

World Heart Corporation (WorldHeart) (Nasdaq:WHRT), a developer of mechanical circulatory systems, reported that the University of Utah Hospital in Salt Lake City, Utah, and INTEGRIS Baptist Medical Center in Oklahoma City, Oklahoma, have successfully implanted additional Levacor(tm) Ventricular Assist Devices (VAD) in the Bridge-to-Transplant (BTT) clinical study. These are the sixth and seventh implants, respectively, with the Levacor VAD since the inception of the BTT clinical study.

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