November 2008 - Page 25 of 76

FridayNov 07, 2008 5:43 am

Poised For Continued Growth, Celsia Technologies (CSAT.OB) Expands Its Sales Team Globally

Celsia Technologies (CSAT) has launched a network of manufacturing and sales representative firms. Areas chosen cover key design and manufacturing areas in Europe and the United States. Companies added to Celsia's sales force include: Tech Rep UK (England, Ireland) with Kevin White as its Operations Manager; and Bromanco (Sweden), Jussi Myllyluoma, and several offices in the United States. They join Thermapower Inc. (Taiwan), headed up by Mickey Chiang, which was already opened for business. This Celsia Rep Network has a total of 30 sales representatives. Celsia CEO Joseph Formichelli said the new partnerships fully prepare the company to handle increased…

FridayNov 07, 2008 5:26 am

Reed’s, Inc. (REED) Announces New Co-pack Production Agreement with Primary Brewery Partner

Reed's, Inc. (NASDAQ: REED), a producer of top-selling sodas in natural food markets nationwide, recently announced that the company has entered into a new co-pack production agreement with its primary brewery partner. The company anticipates that this new agreement will result in a 500 basis point to 600 basis points improvement in gross margins. Under this agreement, Reed's main co-pack facility will continue to brew and produce, bottle and package Reed's products; this new agreement replaces Reed's previous agreement with its current brewery partner. The agreement is effective as of November 1, 2008, and will extend for a period of…

ThursdayNov 06, 2008 6:06 pm

Bioheart, Inc. (BHRT) Receives Notice of Allowance for Nine New Patent Claims

BioHeart is a biotechnology corporation that develops devices designed to aid in the diagnosis, monitoring, and treatment of cardiovascular diseases. The company aims to improve heart disease sufferers' quality of life, while attempting to reduce the normally exorbitant costs associated with cardiologic treatments. In a press statement issued on Thursday, the company announced that it had received a United States Patent and Trademark Office Notice of Allowance for nine new patent claims, which pertain to using electrical signals to stimulate heart cell regeneration. BioHeart's new technologies are a significant step forward in the field of cardiovascular treatment in that they…

ThursdayNov 06, 2008 6:05 pm

Long-Term Unemployment Rates Reach Highest Level in a Quarter-Century

In a Department of Labor report issued on Thursday, it was shown that the number of Americans claiming longer-term jobless benefits has reached 3.84 million. This represents the highest level since February of 1983; twenty-five years ago. It's clear that as lay-offs continue across the board, the unemployed are finding it increasingly difficult to compete for remaining positions. On a lighter note, while extended unemployment has risen, new claims fell to 481,000 last week. Let us hear your thoughts below:

ThursdayNov 06, 2008 6:04 pm

Oil Continues to Take a Beating

In a slowing economy, energy demand is beginning to dip dangerously low, as trading on Thursday saw the price of a barrel of oil approaching sixty dollars. Light, sweet crude for December delivery fell to a 36-month low of $60.94 on the New York Mercantile Exchange. At the current level, crude prices are down roughly sixty percent from last July's all-time high of $147.27. Let us hear your thoughts below:

ThursdayNov 06, 2008 6:03 pm

Dow Extends Losses on Economic Skepticism

For the second day in a row, the Dow Jones Industrial Average plummeted several hundred points as weary investors continue to maintain a pessimistic attitude toward the state of the economy. Contributing to a general feeling of disheartenment was a weak retail sector report for the month of October, reflecting weak sales due to low demand. At its lowest point, the Dow was down nearly 500 points from Wednesday's close, and extended losses on the week to more than 600 points. Let us hear your thoughts below:

ThursdayNov 06, 2008 1:39 pm

Performance Health Technologies, Inc. (PFMH.OB) Attracts More Attention from the Media, Including Scientific American’s News Blog

Today, Performance Health Technologies announced that its proprietary Core:Tx® rehabilitation product was featured in the September 5 edition of Scientific American’s news blog “60 Second Science.” The article, titled ““Virtual Rehabilitation: Wireless Motion Sensor to Help Treat That Old Football Injury,” coincided with the beginning of the 2008 NFL season and discussed Core:Tx’s use for sports injury diagnosis and rehabilitation. The company’s wireless therapy system was also featured in the October edition of BioMechanics, a monthly trade published for sports medicine and movement specialists in orthopedic surgery, physical and occupational therapy, O&P, clinical athletic training, psychiatry, podiatry, and rehab. The…

ThursdayNov 06, 2008 1:21 pm

Artfest International Inc. (ARTI.OB) Says Market Undervalues its Shares and Announces Plan to Repurchase its Common Stock

Recently, we reported that Artfest was “One to Watch.” We continue with that thought, as today Artfest International Inc. (Artfest) reported that it will buy its common shares back through purchases on the open market. According to Artfest CEO Edward Vakser, the time is right for the company to do so because its shares are grossly undervalued by the market. On September 23, 2008, the Company announced it purchased a 35,000 square feet audio/video facility that produces, according to the Company, $500,000 per year in revenues. Vakser said, "[w]ith the purchase of our state-of-the-art audio/video operational center and the launching…

ThursdayNov 06, 2008 11:33 am

QuoteMedia, Inc. (QMCI.OB) Management is Leading the Way

QuoteMedia has become the renowned leader in providing market coverage of all North American Exchanges and ECN’s including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, rates and indices. With offices spread out across the globe, the young company is led by a team of innovative individuals. The QuoteMedia Chairman of the Board is Robert J. Thompson. With over 40 years in the field, Thompson brings a wealth of experience to QuoteMedia. Thompson is the President of Corpus Investment Inc, which is a private holding company that manages investments in a wide range of enterprises. Thompson is…

ThursdayNov 06, 2008 11:28 am

Cambridge Heart Inc. (CAMH.OB) Maintains Confidence Despite Weak Q3 Results

Cambridge Heart Inc. (OTCBB: CAMH) develops and commercializes non-invasive product used for diagnosing cardiac disease, focusing on the identification of individuals at risk of sudden cardiac arrest. The company today announced its third-quarter results for the period ended September 30, 2008. The company posted revenues at $1.1 million, up 21 percent from the second quarter, attributing growth in its Domestic HearTwave II system placements. However, the results were down 58 percent from the $2.6 million reported in the third quarter of 2007. Cambridge remains positive concerning its marketing strategies moving forward. “We were pleased to see the sequential increase in…

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Month: November 2008