2010-04-30 13:03 ET - News Release

Company Website:
http://mentorcapital.com/
SAN DIEGO -- (Business Wire)
Mentor Capital, Inc. (Pink Sheets:MNTR) reports a 10%
average one-day gain in the 10 trading companies of the
Mentor Capital Cancer Immunotherapy Index led by
yesterday's 36.65% one-day price appreciation of Index
pioneer and market leader, Dendreon (NASDAQ:DNDN). The
extraordinary Dendreon price appreciation follows from
the announcement of the FDA approval of Dendreon's
Provenge immunotherapy treatment for prostate cancer.
Every other company in the Cancer Immunotherapy Index
was also in the green because they use similar and
sometimes identical processes to treat other cancers.
Different cancers express different surface proteins.
Dendreon trained the patient's immune system to target
PAP which is over-expressed in most prostate cancers.
Through FDA authorized testing, Dendreon showed that an
immune system activated to attack prostate cancer can be
a safe and effective cancer treatment. Dr. Phillip
Kantoff, Chief Clinical Research Officer at Dana-Farber
Cancer Institute and Professor of Medicine at Harvard
Medical School summarizes the positive future for
treatment of all cancer types that the Dendreon approval
implies, "Cancer immunotherapies that use the patient's
own immune system will likely create an entirely new
treatment paradigm with cancer."
Cancer Immunotherapy Index creator and Mentor
Capital, CEO, Chet Billingsley, explains the investor
reaction, "Drendreon's FDA approval greatly reduces
perceived financial risk and uncertainty across the
entire cancer immunotherapy space. The immune system is
common in all therapies. If the cancer surface protein
is carefully selected by different Index companies for
different cancers, then there is no reason to believe
similar cancer immunotherapy treatments would not then
be similarly safe, effective and, in due course,
approved. This would lead to several Dendreon-sized
immunotherapy markets for the other cancer types. The
companies with a significant lead in the race to secure
FDA approval for those treatments in the new major
cancer markets are today's leaders of the Cancer
Immunotherapy Index."
The Mentor Capital Cancer Immunotherapy Index
companies and their reported one-day gain on the
Dendreon FDA approval announcement follow: Dendreon
+36.65%, Immunocellular Therapuetics, Ltd. (OTCBB:IMUC)
+22.88%, Oncothyreon (NASDAQ:ONTY) +4.53%, Antigenics (NASDAQ:AGEN)
+7.89%, Biovest International (BVTI.PK) +9.68%, Celldex
Therapeutics (NASDAQ:CLDX) +7.76%, Northwest
Biotherapeutics (OTCBB:NWBO) +2.92%, Provectus
Pharmaceuticals, Inc. (OTCBB:PVCT) +0.00%, CEL – SCI
Corp. (AMEX:CVM) +4.70% and Generex Biotechnology (NASDAQ:GNBT)
+3.31% as a proxy for its wholly-owned immunotherapeutic
subsidiary, Antigen Express, and Quantum Immunologics,
Inc. a private company. Average one-day gain of trading
companies: 10.03%.
Mentor Capital, Inc. invests in all companies in the
Cancer Immunotherapy Index and significantly overweights
its positions in those companies it views with the
greatest medical and financial promise. The Index
company summaries can be tracked through updates of the
Cancer Immunotherapy Index presented at
www.MentorCapital.com.
Forward Looking Statements, Safe Harbor and
Risk Descriptions are Incorporated by Reference from the
MNTR Company Web Site above.
Contacts:
Chet Billingsley, CEO
Mentor Capital, Inc.
(760) 788-4700
Source: Mentor Capital, Inc.
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