February 2010 - Page 10 of 28

ThursdayFeb 18, 2010 12:49 pm

Simulated Environment Concepts, Inc. (SMEV.PK) is Changing Lives

The story of Simulated Environment Concepts Inc., makers of the futuristic SpaCapsule water massage and therapy system, is about more than just the development of an innovative massage machine. It’s about the effect this system has had on the lives of people, including the inventors. Ilya Spivak and Ella Frenkel, both licensed chiropractors, shared a successful practice in Philadelphia. When they decided to move their practice to a warmer climate in Florida, they had to deal with the fact that their Pennsylvania licenses were not valid there, meaning they would have to spend a lot of time and money going…

ThursdayFeb 18, 2010 12:33 pm

Solar Energy Initiatives, Inc. (SNRY.OB) to Launch New National Marketing Plan at Upcoming Expo

Solar Energy Initiatives, Inc., a diversified provider of solar solutions with operating divisions in solar project development, solar education, and distribution, announced yesterday that it would be kicking off a new national sales campaign with a focus on commercial rooftop solar opportunities. SNRY Solar, Solar Energy Initiatives’ operating group, will be presenting at the International Roofing Expo (IRE) being held on February 22-24, 2010 in New Orleans, Louisiana. This is the largest trade show for the roofing industry bringing in 7,472 roofers and industry professionals last year. The National Roofing Contractors Association (NRCA) sponsors the IRE. In describing the possibilities,…

ThursdayFeb 18, 2010 11:31 am

InfoSpi, Inc. (ISPI.OB) Announces Proposal Submission for the Disposal and Conversion of Municipal Waste to Energy in Jerusalem, Israel

InfoSpi, Inc., a leader in the development of biotechnologies and biofuels, recently announced that the company has submitted a proposal to Ma’ale Adumim Economic Development Company for the build out and operation of a garbage-to-energy facility in the city of Jerusalem, Israel. Under the terms of the proposal, the plant will buy up to 1,500 tons of garbage per day from the city of Jerusalem in order to generate 60 MW of electricity. In a partnership with Hoskinson Group, InfoSpi, Inc. will commit to build a modular waste-to-energy (WTE) plant that will be installed at the landfill site and will…

ThursdayFeb 18, 2010 11:30 am

Nortel CVAS (NRTLQ.OB) Receives Product of the Year Award from Internet Telephony Magazine

Nortel CVAS is a company on the rise. In a short period of time, Nortel CVAS has evolved into a recognized leader in the Carrier VoIP space having shipped more than 121 million Carrier VoIP and multimedia ports including 10 million SIP lines to leading wireless and wireline carriers across the globe. Today, Nortel CVAS announced that Technology Marketing Corporation’s (TMC) INTERNET TELEPHONY Magazine named its Hosted IP Communications for large enterprise solution the recipient of its 2009 Product of the Year Award. This accomplishment is one of the most monumental feats a global carrier such as Nortel CVAS could…

ThursdayFeb 18, 2010 10:38 am

Federal Reserve Reports Promising Signs of Economic Recovery

On Wednesday, news broke that industrial output rose for a seventh straight month and home construction hit a six-month peak in January. The news has sparked hope that the economy can sustain its recovery. The Federal Reserve report showed gains in manufacturing, mining and utilities, the first collective show of strength since August. Manufacturing output rose 1 percent, led by a nearly 5 percent gain in auto production. A separate sign of strength came in a Commerce Department report on housing construction: home building posted a better-than-expected increase last month. Construction rose 2.8 percent to a seasonally adjusted annual rate…

ThursdayFeb 18, 2010 10:35 am

Yayi International Inc. (YYIN.OB) Reports Strong Profit in Fiscal 2009

Yayi International Inc. reported net income of $5.4 million, or $0.22 per diluted share, in fiscal 2009, which ended October 31, 2009. In fiscal 2008, the company earned $1.8 million, or $0.05 per diluted share. Revenues for fiscal 2009 were reported at $24.8 million, up 14% from $21.8 million in fiscal 2008. The company attributed the revenue increase to an increase in volume, offset by a slight decrease in average price realized. Li Liu, the CEO of Yayi International said, “We are pleased to report solid revenue and impressive gross and operating margins for our most recent fiscal year. Throughout…

ThursdayFeb 18, 2010 10:33 am

China Executive Education Corp. Announces Reverse Merger Completion with Demand Heavy Duty Corp. (ODHD.OB)

China Executive Education Corp., an executive education business, yesterday announced its reverse merger into a public company named On Demand Heavy Duty Corp. , which has acquired all outstanding capital stock of Hong Kong corporation Surmounting Limit Marketing Adviser Limited (SLM). The emerging company will retain the name China Executive Education, and said it is working to change its ticker symbol to reflect the merger. China Executive Education offers business training programs through two subsidiaries located in China. The company targets Chinese entrepreneurs looking for methods to improve leadership, management and marketing skills, and has designed and developed 22 training…

ThursdayFeb 18, 2010 10:30 am

ComVest Capital LLC Announces 51% Ownership in ClearPoint Business Resources (CPBR.OB)

ComVest Capital LLC yesterday announced its 51-percent stake in ClearPoint Business Resources Inc., owner and operator of its iLabor e-procurement platform. The platform equips temporary staffing agencies with technology that gives them access to the temporary workforce marketplace. As a private investment firm, ComVest is the company’s senior lender under a secured revolving credit facility. ComVest has extensive experience and networking resources, and has invested over $2 billion into more than 200 public and private companies around the world. "As the adoption of iLabor continues to increase, we are excited to have ComVest as a majority stakeholder," Michael Traina, ClearPoint…

ThursdayFeb 18, 2010 8:56 am

NetSol Technologies, Inc. (NTWK) FORTUNE 50 Client Upgrades LeasePak License

NetSol Technologies, Inc., a U.S. corporation focused on providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced this morning that it has signed a new upgrade for its LeasePak licensing agreement with a U.S. based FORTUNE 50 company, as ranked by FORTUNE Magazine in their annual ranking of America's largest corporations. Najeeb Ghauri, NetSol Technologies Chairman and Chief Executive Officer, stated, "Today's announcement on the upgrade of our LeasePak solution with this FORTUNE 50 client reflects the strength of our LeasePak solution and our increasing penetration of large blue-chip customers around the world.…

ThursdayFeb 18, 2010 8:28 am

Fund.com, Inc. (FNDM.OB) Subsidiary Partners with Peritus Asset Management to Develop All Future ETFs

AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, was excited to announce today that it has partnered with Peritus Asset Management, LLC, Santa Barbara, CA, a value-based, active credit investment manager, to create a new actively-managed ETF, anticipated to be a high yield bond-focused ETF. The new ETF would join AdvisorShares' growing portfolio of innovative actively managed ETFs. In addition, in an exclusive arrangement, Peritus agreed to develop all future ETFs with AdvisorShares. "Peritus has an outstanding track record managing high yield investments," stated Noah Hamman, CEO and founder of AdvisorShares. "AdvisorShares believes an important advantage of…

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Month: February 2010