September 2009 - Page 2 of 30

WednesdaySep 30, 2009 10:24 am

Alexza Pharmaceuticals, Inc. (ALXA) To Raise $19 Million in Equity

Alexza Pharmaceuticals, Inc. announced a private placement equity offering of 8.1 million shares of common stock to several qualified institutional investors. The company will receive $2.4325 per share, or approximately $19.1 million in net proceeds. Alexza Pharmaceuticals also issued 7.3 million warrants as part of the deal. The warrants entitle the holder to purchase 0.9 shares of common stock at $2.77 per share. The warrants expire in seven years. Alexza Pharmaceuticals is developing a proprietary drug delivery technology called the Staccato® system. This technology vaporizes unformulated pharmaceutical drugs into an aerosol form that allows rapid systemic delivery through lung inhalation.…

WednesdaySep 30, 2009 10:01 am

XFormity Technologies, Inc. (XFMY.OB) Reports Record Financial Results for Year Ending June 2009

XFormity Technologies, Inc., a leading provider of technology services to multi-unit restaurant organizations, today reported its financial results for its fiscal year ending June 30, 2009. The report showed continued revenues and profits growing at a record pace. The company’s revenues for the year totaled $1,978,231 a 36% increase over the year ending June 2008 with revenues of $1,457,884. “We are very pleased with the direction of the company and with our continued revenue growth” stated Chris Ball XFormity’s CEO. There was also a significant improvement in net profit, with the annual net profit of $786,508 a 162% increase over…

WednesdaySep 30, 2009 8:31 am

Savoy Energy Corp. (SNVP.OB) Finds Profit in its Ability to React in Any Condition

Given the current state of the energy markets, being a large company is not necessarily a good thing. Flexibility is a distinct advantage. Mid and larger energy companies tend to focus on larger properties where capital costs can be extreme, limiting the ability to adapt to changing conditions. As the book says, “small is beautiful.” In a variable market, a company that can adapt quickly is one that will be profitable. Savoy Energy Corp., an oil and gas extraction company, works to extract and sell oil and gas primarily in the United States. The company recently signed agreements to explore…

WednesdaySep 30, 2009 7:48 am

The Muscle Flex, Inc. (MFLI.PK) and Sterling Worldwide Entertainment’s Daytime Primetime TV Show Attracts Major Interest from Global Television Distributors

Muscle Flex Inc. and Sterling Worldwide Entertainment, LLC, a subsidiary of Visual Industries, Inc., announced together that their television show "Sugar Free," which is currently in pre-production, has received significant interest from global television program distributors. According to the press release, they have already engaged the interested media conglomerates in discussions. Muscle Flex and Sterling each hold a 50% ownership in "Sugar Free" and will equally share future revenues. Currently in the final stages of pre-production, the companies, upon completion, will pitch the show to major television networks and national cable stations for North American and International distribution. The initial…

WednesdaySep 30, 2009 6:09 am

General Environmental Management, Inc. (GEVI.OB) Updates Investors on Progress to Enhance Business Strategy

This morning, General Environmental Management, Inc. updated the investment community with the progress made since its Board of Directors elected to shift the company’s business focus from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. “We are pleased to report that we have made tremendous progress in the execution of our plan to move the company into the water treatment and waste-to-energy markets,” stated Tim Koziol, GEM’s Chief Executive Officer. “As we announced last week, we swiftly moved to sign a binding letter of intent to acquire Santa Clara Waste Water (SCWW). We are conducting…

TuesdaySep 29, 2009 2:32 pm

Cord Blood America (CBAI.OB) Up 45.45% Following Mention by QualityStocks

Cord Blood America Inc. (OTCBB: CBAI) is up 45.45% today, trading at $0.008. This upward move has occurred on absolutely incredible volume of nearly 1 billion shares! Just a few days ago – on September 25th, QualityStocks highlighted the company in its daily newsletter when the stock was trading for only $0.0031 per share. Cord Blood America is already up 150% in a few short days. The surge in the company's stock price followed not only the mention by the QualityStocks newsletter, but also recent news from Cord Blood America – a company which facilitates umbilical cord blood stem cell…

TuesdaySep 29, 2009 2:28 pm

The Tradeshow Marketing Company, Ltd. (TSHO.PK) is “One to Watch”

Established in 2003, The TradeShow Marketing Company, Ltd. is a consumer products company. Their focus is on the development and distribution of unique products that have broad appeal and improve the lives of consumers. The Company operates a direct demonstration business via trade shows and exhibitions throughout North America. They also have various product-specific e-commerce web sites. Earlier this month, Tradeshow Marketing Company, Ltd. announced that they launched their exclusive Risoli™ Titanium Induction cookware set. The Company chose a titanium induction combination for their set because of the advantages it has over most conventional cookware. The set is lightweight and…

TuesdaySep 29, 2009 2:24 pm

Jiangbo Pharmaceuticals Inc. (JGBO.OB) Posts Strong Q4 and FY09 Results, High Expectancies for 2010

Jiangbo Pharmaceuticals Inc. today announced its fiscal and fourth-quarter results for the period ended June 30, 2009. The China-based pharmaceutical company posted solid results for both periods and gave a summary of achievements for the year, as well as its outlook for 2010. "We are delighted to report a strong finish to fiscal 2009, with revenues and operating income significantly exceeding our prior guidance for the year. We believe that the factors that contributed to this performance were strong sales from our new products and the successful restructuring of our sales and marketing network. With nearly $63 million in operating…

TuesdaySep 29, 2009 12:54 pm

Keryx Biopharmaceuticals, Inc. (KERX) to Raise $20 Million

Keryx Biopharmaceuticals, Inc. is conducting a private placement of stock to qualified institutional investors. The company is issuing 8 million shares of common stock at a price of $2.50, and will realize $20 million in gross proceeds. Keryx Biopharmaceuticals, Inc. is also issuing warrants to these institutional investors as an incentive to participate in the equity offering. The company will issue warrants to purchase 2.8 million shares of stock. The warrants have an exercise price of $2.65 and expire in approximately one year. Keryx Biopharmaceuticals, Inc. is currently engaged or planning Phase III clinical trials for two drug candidates, and…

TuesdaySep 29, 2009 12:47 pm

US, EU Demand for Oil Declines, Inventories Expected to Rise

With two sets of U.S. weekly oil statistics due out Tuesday and Wednesday expected to confirm fears of high inventories due to low demand, the price of oil dipped to the bottom of its 12-week range. A Reuter’s poll showing a 500,000 barrel inventory increase in the week to September 25 compounded middle distillate forecasts showing a 1.1 million barrel rise. CEO of Saudi Aramco, Saudi Arabia’s state-run oil company, Khalid Al-Falih indicated Monday that demand from emerging markets and an uptick in China would not offset the loss in demand for oil for some time. Al-Falih also suggested that…

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Month: September 2009