Yesterday, we alerted our subscribers to Cleveland BioLabs, Inc.(NasdaqCM: CBLI). The company announced earlier this week that it will hold a press conference today and while the stock has already seen some gains, it may be poised to move higher.

One reason for optimism among speculators is the chatter that several countries, including the U.S., Russia and Israel are interested in the company's proprietary discoveries, which center around protection of normal tissues from exposure to radiation and other stresses. Given the growing concern about Iran's nuclear capabilities, multi-million dollar orders for their product from neighboring countries make sense.

This is an article that was published in Israel, which discusses the company:

http://www.ynet.co.il/english/articles/0,7340,L-3748014,00.html

There was another good write up about the company here:

Time To Dote On Cleveland BioLabs' Radiation Antidote?

Our staff is preparing a special report and interview which will run in this space within the next 24 hours.

Disclosure: Long CBLI

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