August 2009 - Page 30 of 33

WednesdayAug 05, 2009 12:08 pm

Oil Becomes a Sticky Proposition on Wall Street

Oil has taken Wall Street on a roller coaster ride in the past week. The ride started with oil rising towards $72 ahead of inventory data and then falling below $71 after inventory data. Oil fell toward $70 a barrel on Wednesday morning amidst U.S. government inventory data showing a build in crude stocks and weak economic data that raised concerns and doubts about oil demand recovery in the world’s largest energy consumer. As example of these doubts was shown in U.S. light, sweet crude which fell 81 cents to $70.61 a barrel early in the day giving away some…

WednesdayAug 05, 2009 10:33 am

Prana Biotechnology Ltd. (PRAN) Gains Key Patent for Alzheimer Compound

Prana Biotechnology Ltd., an Australian company established to commercialize research into Alzheimer’s Disease and other major age-related neurogenerative disorders, today announced that it has secured a key patent protecting its clinical drug (PBT2) with the European Patent Office. The patent covers the composition of matter of selected families of 8-Hydroxyquinoline compounds, including PBT2, and the uses of such compounds for the treatment of neurological diseases, such as Alzheimer’s Disease and Huntington’s Disease. PBT2, the company’s lead Alzheimer's Disease compound, has already demonstrated safety and tolerability in early Alzheimer's Disease patients in a Phase IIa study. It has also shown improvement…

WednesdayAug 05, 2009 10:30 am

Pansoft Inc. (POSF) Announces New Finance and Accounting Integration Project, Finding International Recognition of its Software Solutions

It’s not often that one comes across a developing company that is growing at a nice clip in these seemingly difficult times. In a general sense, this type of event points to the need for certain types of products and services whatever the economic conditions might be. Energy is such a commodity as is the need to manage its use and distribution. Finding such types of markets and products is a safe way to capitalize in difficult times. The big boy's in the market are easy to spot in this regard, finding the new and growing ones, however, is where…

WednesdayAug 05, 2009 10:24 am

Atrinsic, Inc. (ATRN) Announces Acquisition of E-Commerce Platform, Shopit.com

Atrinsic, Inc. announced today its acquisition of Shopit.com, an e-commerce platform that enables buyers and sellers to reach the audiences of social networking sites such as Facebook and MySpace. Through offering the option to buy and sell anywhere one wants, Shopit opens the door to some of the largest consumer markets. ShopIt is the latest property to join the Atrinsic Media network as a part of the company’s effort to develop rich media properties across its extensive distribution platform. Earlier versions of this innovative application have been downloaded nearly 800,000 times, demonstrating its ability to engage audiences in the fastest…

WednesdayAug 05, 2009 9:06 am

Axial Vector Energy Corp. (AXVC.PK) JV Partner Awarded Patent in Egypt

Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in Egypt (Egyptian Patent Application No. PCT/NA/122/2006). This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years. According to the Oil and Gas Journal and the U.S. Department of Energy, Egypt's proven oil reserves currently hold about 4 billion barrels. Egypt also has the largest refining sector on the African…

WednesdayAug 05, 2009 9:00 am

eDOORWAYS Corp. (EDWY.PK) Acquires Second Domain for Corporate Site; Prepares for Domain Switch

eDOORWAYS Corp. today announced that it plans to relocate its current corporate presence from www.edoorways.com to www.edoorwayscorp.com as the company prepares for its October soft launch. Shareholders will soon have to use the new corporate site to access company information. Following the launch date, eDOORWAYS will begin operating two websites. The platform site (www.edoorways.com) will house the "SOLVE" and "LEARN" doors along with the brand's five other doorways, while the corporate site (www.edoorwayscorp.com) will contain information regarding the company. The company believes this separation is needed for easier navigation between corporate information and platform use. However, the sites will link…

WednesdayAug 05, 2009 7:39 am

Solar Energy Initiatives Inc. (SNRY.OB) Facing Bright Future after Several 2009 Achievements

Solar Energy Initiatives Inc. yesterday announced that it expects to post revenues of $2.6 million for the fourth quarter of 2009 and highlighted its recent milestones that attributed to the success of its first year of operations. Solar Energy Initiatives announced cash flow positive status and said it anticipates further growth in the upcoming year. "Management is extremely pleased with the business momentum that the Company has achieved," David Fann, CEO of Solar Energy stated in the press release. "Solar Energy Initiatives has successfully increased revenue, achieved cash flow positive status, and established a strong organic revenue foundation for which…

WednesdayAug 05, 2009 7:31 am

NuMobile, Inc. (NUBL.OB) Presents $1 Million Sales Strategy and Mobile Software Roll-Up Strategy Progress

NuMobile, Inc., a smartphone and mobile computing solutions company, recently announced the release of an on-demand corporate Webcast, which outlines the company’s anticipated $1 million sales pipeline and discusses NuMobile’s new business strategy to build a portfolio of security and software solutions for the mobile computing and smartphone market. The Webcast also includes a discussion of the company’s $0.10 suggested fair value target price per share and a review of future events that could raise the suggested fair value target price per share to $0.50. A link to the Webcast is available online at www.numobileinc.com under Investor Relations titled “NuMobile…

WednesdayAug 05, 2009 7:18 am

Consorteum Holdings Inc. (CSRH.OB) Announces Introduction of New Financial Services Division

Consorteum Holdings, Inc. announced this morning that it has created a new division focused on providing financial services to consumers, employees and individuals within the public and private sectors. The new division will operate together with Consorteum’s existing divisions, which are application-specific and industry-specific. The Consorteum Financial Services Division will be managed by a leading expert within the banking and transaction processing industry who brings more than 25 years of experience to the company. He will be formally announced within the next two months. Through this new division, Consorteum will offer its targeted client base Point of Sale Terminals, ATM’s,…

TuesdayAug 04, 2009 2:57 pm

Suspect Detection Systems, Inc. (SDSS.OB) Introduces Revolutionary Crime Fighting Technology

Recently, Suspect Detection Systems Inc. announced the introduction of their new commercial product, the Cogito Data Center. Cogito DC is a central knowledgebase and control server that serves as an analytical back office to the Cogito Rapid Interrogation System. Sales of the Cogito DC unit are projected to begin in 2010. Cogito DC will enable SDS customers to create a central storage base of examinee data. The interrogation system, designed to collect a vast amount of data with each examination, begins with a scan of the examinees passport or identification card. Next, the system scans unique biometric identification information including…

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Month: August 2009