Shares of PetroSun, Inc climbed 37.5% today on light volume following yesterdays news that the Company has executed a Purchase Agreement with Mobile Equipment Services Company of Dewey, Oklahoma to acquire an automated top-drive drilling rig for its Arizona exploration program. The SR-35 will be remanufactured with a depth rating of 5,500 feet. PetroSun anticipates delivery within sixty days. Share your thoughts: PetroSun Message Board
Reed’s, Inc. (REED.OB) announced today that it has entered into an exclusive distribution agreement with All-Star Distributing, a leading distributor of brand name beverages, for distribution of Reed’s brands throughout Central Pennsylvania. Christopher Reed, Founder and CEO of Reed’s, Inc., stated, “All-Star Distributing has been in business since 1975 and has built a strong reputation as a beer wholesaler in Central Pennsylvania. We are tremendously excited to be a part of their expansion into non-alcoholic beverages. All-Star Distributing’s relationships with over 25 leading brand name suppliers, which range from Coors and Yuengling to Gallo and Mike’s Hard beverages, as well…
With the world-wide boom in VoIP and IP Telephony, together with its recent acquisition, Edgeline Holdings, Inc. (OTCBB: ELHI) is a new high technology stock that should have aggressive investors watching. Tuesday after the markets closed, this new company, specializing in the area of discovering and acquiring leading-edge niche technologies, issued a press release announcing that it's Beta version of its application layer attack sensor (ALAS), which is a key component of its Secure SIP Technology initiative and addresses the billion dollar VOIP market, will be ready for customer evaluation within 60 days. This technology should excite investors! IP telephony…
Several companies on the Pink Sheets are making noise in the markets today, surrounding news or intentions of acquisitions. Oxford Funding Corp. (Pink Sheets: OXFD) may not be acquiring another company, but the company is acquiring a portfolio of under-performing loans at a substantial discount from a U.S. mortgage lender. Evan with the housing market facing serious problems and the mortgage sector in shambles, Oxford believes the acquisition of these under-performing loans might have a potential turnaround to become profitable. Oxford, which plans on receiving $3 million in these under-performing loans, will be receiving these loans at quite a discount.…
Shares of Cambridge Display Technology Inc. (CDT) (Nasdaq: OLED) soared throughout the day, closing up $5.47, about 89 percent, to $11.62 at the market's close - easily surpassing the company's 52-week high of $7.88. Cambridge announced today it has agreed to be acquired for $12 per share, an aggregate of $285 million, by its Japan-based licensee Sumitomo Chemical Co. to expand its display material business. "In recent years, Sumitomo Chemical has positioned its display materials business as one of its strategically important business areas and an area of focus for our business resources. P-OLEDs are expected to see considerable market…
Share prices for biotech vaccine developer Novavax Inc. (NASDAQ: NVAX) climbed a respectable 8 percent over the course of the day today, thanks to the news that the company has started the first human clinical trial of its vaccine for the pandemic flu virus. According to the latest statement from the company, Novavax has begun vaccinating 230 healthy human volunteers for the trial of its Virus-Like Particle (VLP)-based H5N1 clade 2 pandemic influenza vaccine to determine both the safety and immunogenicity - that is, the ability of any particular substance in a biological system to provoke an immune response -…
Shares of International Fuel Technology Inc. (ITF) (OTCBB: IFUE) are up 9 cents, nearly 22 percent, to 51 cents this morning, moving on volume of 1.5 million. The flux comes after this morning's announcement Schnuck Markets Inc. has bought IFT's fuel additive, DiesoLIFT 10, for use in its distribution fleet. As a fuel performance enhancement company, IFT developed DiesoLIFT 10 as part its focus of providing its technology to industrial facilities using liquid hydrocarbon-based fuels. DiesoLIFT 10 is applicable to over-the-road, rail, marine and stationary power generations. According to the statement released today, the sale to Schnuck comes after a…
It looks like the Securities and Exchange Commission (SEC) is going to crack down even harder on individuals looking to manipulate the market for their own needs this year, according to this morning's statement from SEC Chairman Christopher Cox to the Banking, Housing and Urban Affairs Committee of the U.S. Senate. "The initiatives underway at the Commission have a common theme: they are aimed at benefiting investors whose returns are dependent on healthy, well-functioning markets," Cox said. "Back in Joseph Kennedy's day, our first SEC Chairman was amazed that ‘one person in every 10' owned stocks. But today, more than…
Valley Forge Technologies Inc. (OTCBB: VLYF) shares are up $1.05, nearly 14 percent, to $8.80, rolling off this morning's news. Today the developer and manufacture of next generation detection and aerospace systems announced it has signed an agreement with NASA in which Valley Forge will provide Attitude Control Instruments to fit NASA specifications. According to the statement, the company's experience with satellite momentum wheels and bearing fields allowed it to produce a composite rotor that is lighter, more stable, and less expensive than currently used metal rotors. "Our aerospace section is rapidly evolving and this venture represents a fantastic opportunity.…
The stock market witnessed a strong morning start, and positive economic data released early this morning could be a driving force leading the stock market's rally this morning. Consumer Confidence Index for July rose this morning by 7.3 compared to June's revised index of 105.3 to 112.6. The level has reached a six-year high as conditions in the job market and business have improved. As the confidence level increased, the Commerce Department reported that consumer spending rose by 0.1 percent in June. The minimal change in June might signal a potential cooling off in spending, as the change in personal…
