October 2008 - Page 49 of 50

WednesdayOct 01, 2008 11:02 am

Elray Resources Inc. (ELRA.OB) Announces Significant Finds on Mexico Mineral Property

Elray Resources Inc. (OTCBB: ELRA) is a precious mineral exploration company with a portfolio of four highly prospective, heavily mineralized mining tenements in Cambodia and Mexico. The company today announced positive news on one of its properties south of the border. Elray found the presence of a million-tonne gold bearing outcrop in the Analhi Project, located in Sinola state, Mexico. The site is known to be heavily mineralized, and is ideally located within seven miles of water and power supplies. According to the company, these resources significantly contribute to the viability of the project. The company’s stated mission is to…

WednesdayOct 01, 2008 9:42 am

ZAP (ZAAP) Increases Workforce as Electric Car Sales Accelerate

ZAP (ZAAP.OB), a California-based alternative energy pioneer, has had to increase its workforce by 30% to keep up with increased demand for its Xebra (pronounced “zebra”) electric car. ZAP overall sales have jumped 88%, due primarily to sales of the small but street-legal all-electric vehicle, available in sedan and truck versions. "While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth," said CEO Steve Schneider. "We are proud that ZAP is one of the few companies selling cost-effective, plug-in transportation today." He added that ZAP is launching new electric vehicles this quarter. ZAP…

WednesdayOct 01, 2008 9:38 am

Advanced Life Sciences, Inc. (ADLS) Submits Lead Drug as New Treatment for Pneumonia

Advanced Life Sciences, Inc. (NASDAQ:ADLS), an Illinois based biopharmaceutical company, today announced submission of a new drug application (NDA) for its lead product, cethromycin, a unique once-a-day antibiotic for respiratory tract infections. The NDA submission is for cethromycin in mild-to-moderate community-acquired pneumonia (CAP). Community-acquired pneumonia is the sixth most common cause of death in the U.S., affecting 5.6 million Americans annually. The company is focusing its resources on the development and commercialization of cethromycin for use in respiratory tract infections such as community-acquired pneumonia, bronchitis, and sinusitis. Penicillins and macrolides are currently the most common treatment for CAP, but increasing…

WednesdayOct 01, 2008 9:33 am

NewCardio, Inc. (NWCI.OB) – Revolutionizing the Electrocardiograph

NewCardio, Inc., through its patent-pending, innovative technology, is poised to transform the landscape of electrocardiography (ECG). The company has developed, and is currently working to commercialize, a three-dimensional ECG platform that stands to seriously improve upon traditional methods. In addition to a dramatic increase in diagnostic accuracy, the NewCardio 3D ECG works faster, and with greater cost-effectiveness than the standard 12 lead ECG. NewCardio's advanced systems aid not only in the diagnosis of heart disorders, but also in clinical pharmaceutical trials with respect to the evaluation of a drug's potential cardiac toxicity. This should allow the company to become a…

WednesdayOct 01, 2008 9:33 am

Stocks Fall Again – Economy Continues to Slow

In its second reversal, and third triple-digit jump this week, the Dow fell as much as 200 points on Wednesday, as investors anticipated a possible passing of the $700B bailout through the Senate. Other factors played into the dive as well, including the Institute for Supply Management's announcement that its manufacturing activity index had fallen six points over the last month. Wall Street had predicted a drop of less than half-a-point, but in truth, few were surprised to see a more significant decrease as a result of the country's credit markets coming to a screeching halt. Let us hear your…

WednesdayOct 01, 2008 9:32 am

Help on the Way for Troubled Homeowners?

In an effort to quell the massive uproars in the nation's beleaguered housing market, Washington announced on Wednesday that it would be kicking off a mortgage aid program to help in reducing the ever-growing numbers of foreclosures. Under the new program, homeowners who spend greater than thirty-one percent of their income on mortgage payments will be eligible to exchange their existing mortgage loans for more affordable ones. Let us hear your thoughts below:

WednesdayOct 01, 2008 9:32 am

Gas Supplies Up – Oil Down

Proof that Americans are driving less came on Wednesday in the form of an unexpected rise in U.S. oil and gas supplies. The surplus, as well as anxieties over the status of the $700B bailout package, led to the price of oil falling below $98 per barrel. The price of light sweet crude for November delivery fell as low as $95.95 in morning trading. In addition to a battered economy forcing people to drive less, supplies have been boosted by the normalizing of Gulf Coast energy operations after shutdowns caused by a crippling hurricane season. Many experts believe that demand…

WednesdayOct 01, 2008 8:45 am

American Energy Group Ltd. (AEGG.OB) Readies Drilling Program at Yasin Pakistan Site

One of the most interesting things that nature does is place the most remarkable items where they seem least likely to be found. Medications in the deepest jungle of the Amazon, or large waterfalls deep underground don’t seem like they should be found in those locations, but they are. Looking for new areas of investment can often follow the same unexpected formula. If an investor looks for a solid investment in a place where they might not ordinarily look, investors may find a way to profit. American Energy Group Ltd., a Connecticut-based developmental oil and gas exploration company, works to…

WednesdayOct 01, 2008 6:19 am

MyECheck, Inc. (MYEC.OB) Announces the Signing of Nationwide Billing Services to its Online Check Service System

This morning, shortly after the bell, MyECheck announced that Nationwide Billing Services signed on as one of its clients and MyECheck will now be providing them with its comprehensive suite of electronic check processing services. Through this agreement, Nationwide Billing Group’s clients will be able to offer their customers the option to use their checking accounts as an alternative form of payment since MyECheck’s unique patented software goes beyond ACH. Unlike ACH, MyECheck is able to debit every U.S. checking account, and provides safety features while doing so. Nationwide Billing Group provides business services that both simplify and accelerate the…

WednesdayOct 01, 2008 5:43 am

MyECheck (MYEC.OB): Leaders Leading the Way

MyECheck, a California-based company, has been gaining national recognition by becoming the leader in providing an Internet gateway to Check 21 processing. MyECheck has shown online merchants a whole new way to do business, and these merchants have passed the savings onto their consumers, making the MyECheck concept a win-win for all involved. While the concept of MyECheck has been a team effort, much of the company’s quick success can be attributed to corporate leaders, namely Edward R. Starrs, R. Stephen Blandford and James Heidinger. Starrs is the company’s Founder and CEO. With over 20 years of successful management experience…

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Month: October 2008