June 2007 - Page 55 of 75

FridayJun 08, 2007 1:05 pm

Red Chip Features: Osteologix, Inc. (OLGX.OB), as Company Raises Five Million in Private Placement

Osteologix, Inc. (OLGX.OB) recently reported that it has closed a financing in which the company has sold common stock and warrants to purchase common stock to both new and existing investors for gross proceeds of $5,050,000. Under the terms of the purchase agreement, Osteologix issued 3,825,754 shares of common stock and 1,912,877 warrants to purchase common stock to the investors. The common stock was sold for a purchase price of $1.32 per share. The warrants have an exercise price of $1.20 per share and expire on August 31, 2008. "This financing, which we were able to complete at a premium to the…

FridayJun 08, 2007 1:05 pm

SOLN Teams up with Jamcracker & Boasts Strong Cash Position

Shares of Smart Online Inc. (OTCBB: SOLN) were trading up 7 cents (3 percent) to $2.27 per share on volume of 32,700. The company recently announced a deal with Jamcracker, an on-demand services company, where the OneBiz platform of private-label small business applications will be available for resale through the Jamcracker Services Delivery Network (JSDN) beginning in the third quarter of 2007. JSDN allows service providers, resellers and vendors to deliver on-demand services to businesses and consumers. This partnership will enable Jamcracker to offer SOLN’s private-labeled small business software platform, OneBiz, through its global services-delivery network to resellers, including communication…

FridayJun 08, 2007 12:47 pm

CanAm Uranium Corp. (CAUI.OB) Reports Drilling Progress at Bancroft Project with Analysis Due within Two Weeks

CanAm Uranium Corp. (CAUI.OB) reports the completion of nine drill holes on the Amalgamated Rare Earth #2 project in Bancroft Ontario by Operator El Nino Ventures Inc. between May 1 and May 28th, with a total of 1,989 m (6,525 ft.) drilled. El Nino is going to expedite results by putting semi-rush status on core samples from the later holes. When the results come in over the next two weeks, a summary of findings will be delivered to CanAm Uranium Corp. and published online. CanAm Uranium Corp. is actively working on compiling the data within the optioned Bancroft Ontario projects drilled,…

FridayJun 08, 2007 12:02 pm

BioAmerica (BMRA.OB) Develops Non-Invasive Colorectal Cancer Detection Test

Colorectal cancer is the third most common form of cancer and the second-leading cause of cancer death in the United States - though if detected at an early stage, is 95 percent curable. The subject is a little touchy and invasive (no pun intended), but one company has developed a non-invasive, patented, early detection test.BioAmerica Inc. (OTCBB: BMRA) is a medical instrument supplier, developing and manufacturing medical diagnostic products designed for early detection of chronic diseases and medical conditions. The company's fecal occult blood test is the first FDA approved test with no diet restrictions or "stool handling," and is…

FridayJun 08, 2007 12:02 pm

Knobias (KNBS.OB) Completes Restructuring

Now that the restructuring of financial information services company Knobias (OTCBB: KNBS) has been completed, many people are wondering what the restructuring will mean to the company. When the company's principal creditors - chief among them CAMOFI, otherwise known as Centrecourt Asset Management - announced that it would begin examining the ailing company about how best to restructure it, there was much concern about what would happen to Knobias.According to Smithline founder and influential micro-cap pioneer Robert Smithline, who had time for a brief interview with Market News First, CAMOFI plans on "injecting new capital, new management, a new board…

FridayJun 08, 2007 12:02 pm

When it’s OK to Wear Your Sunglasses Indoors

There may be only one excuse for wearing your sunglasses inside - and even that's iffy. Energy Telecom provides that excuse with its communication eyewear, delivering sound from cell phones, iPods, MP3 players or hand-held devices. The company has a portfolio of patents, catering to consumers looking for an excuse to sport their shades indoors, or who simply want to take their entertainment with them.The company's technology addresses the need for clear communication, eliminating noise in industrial environments, personal use and even sports or other recreation. The eyewear is equipped with a microphone, speaker, antenna and an inside-the-ear information system.…

FridayJun 08, 2007 12:02 pm

Celsius Holdings Inc (CSUH.OB) up 27 Percent Thanks to Star Power

Stock for beverage-manufacturing company Celsius Holdings Inc. (OTCBB: CSUH) rose 27 percent today after the company announced that its new energy drink, Celsius, was seen "mingling" with the stars on NBC's celebrity exploitation program, EXTRA!.Granted, the press release was a little unclear about the nature of the "mingling." When read, it implied that Celsius was seen alongside Hollywood legends like "Oprah, Katie Cruise, the crew from Oceans 13, Princess Diana, [and] Paris Hilton." However, according to Erin Heit, the marketing vice president of Celsius, the company's official statement was that "Celsius was on the same episode of EXTRA! as the…

FridayJun 08, 2007 12:02 pm

Top Closers with Big News

Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.MCF Corporation (AMEX: MEM) shares were up 35 cents, or 8 percent, to $4.85, on volume of 100,300 at the market's close today. Shares climbed steadily throughout the day after the company announced the "Inside Wall Street" column in "Business Week" featured MCF and their strategy to focus on the microcaps. MCF has shown steady sales gains over the past…

FridayJun 08, 2007 12:02 pm

Terax Energy Jumps 88 Percent on News of Acquisition

Share prices for independent oil exploration company Terax Energy (OTCBB: TEXG) exploded today after the company announced it was being acquired by Beverly Hills-based oil and gas exploitation company Westar Oil, rising more than 80 percent immediately after market open.According to a recent press release, Westar Oil recently acquired the senior debt position held by third party creditors in the amount of $3 million and intends to convert that debt into stock of Terax energy at a value of $6.75 a share. The release also said that Westar intends to enter into a share exchange agreement with Terax in which…

FridayJun 08, 2007 12:02 pm

Bootie Beer Changes Ticker Symbol to TMTP

Shares of TMT Capital Corporation (OTCBB: TMTP) were up 17 cents (31 percent) to 72 cents per share today on volume of 6,250. The company announced today that its common stock will commence trading on June 8, 2007, under the new trading symbol TMTP.The new name and symbol change reflect the new company strategy to acquire majority owned interests in emerging, private companies that target multi-billion dollar industries and have a unique point of difference. The company's latest unaudited financial statements for the three months ended March 31, 2007, reflect negative cash flows from operations of ($151,298) and a net…

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Month: June 2007

Red Chip Features: Osteologix, Inc. (OLGX.OB), as Company Raises Five Million in Private Placement

SOLN Teams up with Jamcracker & Boasts Strong Cash Position

CanAm Uranium Corp. (CAUI.OB) Reports Drilling Progress at Bancroft Project with Analysis Due within Two Weeks

BioAmerica (BMRA.OB) Develops Non-Invasive Colorectal Cancer Detection Test

Knobias (KNBS.OB) Completes Restructuring

When it’s OK to Wear Your Sunglasses Indoors

Celsius Holdings Inc (CSUH.OB) up 27 Percent Thanks to Star Power

Top Closers with Big News

Terax Energy Jumps 88 Percent on News of Acquisition

Bootie Beer Changes Ticker Symbol to TMTP

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