March 2008 - Page 45 of 68

WednesdayMar 12, 2008 3:46 am

MRV Communications, Inc (MRVC) Announces that Guy Avidan is Appointed Chief Financial Officer Effective Immediately

MRV, a leading provider of network equipment and services as well as optical components, has named Guy Avidan, previously serving as VP and General Manager of MRV, Chief Financial Officer of the Company. January 2nd, 2008, Chris D. King joined MRV as Vice President, Finance and Chief Compliance Officer. Noam Lotan, MRV’s President and Chief Executive Officer said, “Over the last 8 months Guy Avidan has done an outstanding job as our acting CFO and we are pleased to confirm his appointment to the CFO position. We feel Guy will continue to add tremendous value in this role based on…

TuesdayMar 11, 2008 5:27 pm

MedeFile International, Inc. (MDFI.OB) Noted as a “Stock to Watch” by Elite Financial Communications Group

MedeFile International, Inc. (OTCBB:MDFI), a company specializing in electronic medical records management solutions, was recently announced as a “Stock to Watch” by Elite Financial Communications Group. MedeFile’s objective is to revolutionize the healthcare industry and empower patients by providing a secure solution for acquisition, organization and management of all medical, dental and general health records and images. Harnessing the ease and availability of the Internet, MedeFile users can instantly access their subscriber information from anywhere in the world. As part of the MedeFile service, each member is provided with a MedeDrive, an external USB drive that contains all of the…

TuesdayMar 11, 2008 5:19 pm

Fund.com, Inc. (FNDM.OB) Appoints New President with More than 20 Years Experience in Wealth Management and Securities

Fund.com, Inc. (OTCBB: FNDM) today announced the appointment of Gregory H. Webster as president of the financial services information publisher, effective immediately. Webster’s previous experience in wealth management and the securities industry exceeds 20 years and will assist him in his new role overseeing product development, acquisitions, licensing deals and partnerships. "Fund.com shareholders will benefit from Greg's deep asset management experience and his accumulated professional knowledge about all aspects of funds and fund management," Ray Lang, CEO of Fund.com stated in the press release. "With Greg's contributions, Fund.com will establish itself as the authoritative online source for information about the…

TuesdayMar 11, 2008 3:33 pm

Zila Inc. (ZILA) Reports Robust Revenue Growth; Stock Surges Nearly 9%

Shares of Zila Inc. (ZILA) soared nearly 9% Tuesday to close at 62 cents after the oral diagnostics company announced its sixth consecutive quarter of robust revenue growth, including a 136 percent increase in sales of its flagship ViziLite® Plus product during the second quarter of 2008. The Phoenix-based company saw gross profit grow to $6.2 million from $4.1 million during the prior-year period, bolstered by higher sales of ViziLite® Plus, which the company began marketing directly to dental offices last year. Net revenues increased 47% to $10.5 million, while combined sales of the company’s other products, excluding ViziLite® Plus,…

TuesdayMar 11, 2008 3:28 pm

A Health Care Giant

These are troubled markets by any definition. For value investors or even momentum traders, finding stocks whose price appreciation appears likely has now taken a backseat to the old adage of simply not catching a falling knife. Right now the only sectors that appear to be withstanding the carnage, if you wish to go long in big name, large cap, S&P or Dow stocks, are energy and health care. You can add the rails portion of the transports, consumer products, as at least having some theoretical floor to their stock prices, along with perhaps fragments of other industries or a…

TuesdayMar 11, 2008 3:16 pm

Fund.com, Inc. (FNDM.OB) Lays out Market Statistics – Rises to Meet Growing Demand

According to Fund.com (OTCBB: FNDM), America’s pool of investors is growing at a rapid pace; nearly 57 million U.S. households comprise the growing individual investor market. The interest in funds is increasing as well, with worldwide mutual fund assets totaling $22 trillion. Additionally, two-thirds of equity investors use the Internet for some sort of financial-related purposes. Of those investors, about 46% jump online to get their financial news and information, spurring a 20% hike in the online business information service industry. To cater to the growing number of investors delving into the market, Fund.com is creating a “next generation” directory…

TuesdayMar 11, 2008 1:04 pm

Valence Technology, Inc. (VLNC) to Expand Manufacturing Capacity; Announces $70 Million Agreement

Valence Technology, Inc. (NASDAQ: VLNC) manufactures and markets a large line of lithium phosphate rechargeable batteries and holds a portfolio of issued and patent pending lithium phosphate battery products. Today the company announced it will expand its manufacturing capacity of $35 million per quarter to $50 million per quarter to support anticipated sales of its Lithium Phosphate energy storage systems. "Increasing our capacity to manufacture additional battery systems will assure we have the capability to fulfill the anticipated demand we believe to be building in our sales pipeline," Robert L. Kanode, CEO and president of Valence Technology, stated in the…

TuesdayMar 11, 2008 10:36 am

Breakout Investments Featured Company: Fuego Entertainment, Inc (FUGO.OB) Announces the Start of the Digital Remastering of Beatles ‘Lost’ Tapes

Fuego Entertainment, Inc. (OTC BB: FUGO.OB-News) recently announced that its ‘lost’ Beatles tapes will be digitally re-mastered to enhance the quality of the tapes. The target date for their release is still a few months away, but once finished, the recordings will be part of a historic double CD featuring 15 original recordings from 1963, and 15 digitally enhanced recordings. The title of the collector's item is properly named "Jamming with Beatles and Friends, Star Club, Hamburg, 1962". In the past year, Fuego has had a few runs that have resulted in 100% gains for shareholders. The stock recently surpassed…

TuesdayMar 11, 2008 10:26 am

Wall Street News Alert Featured Company: Nitro Petroleum, Inc. (NTRO.OB) Poised for Full Production in Oklahoma

President Larry Wise announced that Nitro Petroleum Inc, along with its partner Toro Ventures, Inc., completed the Crown Lease project located in Pottawatomie County, Oklahoma. Nitro Petroleum holds a 40% working interest in the Crown Lease project, while Toro Ventures Inc. maintains a 60% working interest. Although Toro has a larger interest, Nitro Petroleum will be the Operator of the project and will retain a working interest in all future production at the location. There is already an option to drill two new wells at the Crown Lease location. Rework projects still need to be performed at the Crown location.…

TuesdayMar 11, 2008 9:00 am

Fund.com (FNDM.OB) Offers Investors Free Online Investment Advice on Mutual Funds

With the first Baby Boomers starting to retire and millions more set to retire in the coming years, the demand for information on Investment Vehicles has never been stronger. These baby boomers are looking for places to put their money. A growing number of these baby boomers are quite familiar with internet searching and are turning to the internet for more and more of their needs. The company recognizes the shift to gathering Investment information on the internet, as do Major Mutual Fund Providers, and they are taking action by providing a virtual online marketplace of a diverse group of…

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Month: March 2008