February 2010 - Page 13 of 28

TuesdayFeb 16, 2010 12:24 pm

Mitek Systems Inc. (MITK.OB) Posts Q1 2010 Improvements, Highlights Key Achievements

Mitek Systems Inc. develops image analytics and mobile image capturing applications for smartphones, such as document capture for checks, documents and objects. The company today posted its financial results for the first quarter of fiscal 2010. "Our first-quarter results are a good start to 2010," Mitek president and CEO James DeBello stated in the press release. "We are executing on our growth plan, managing our operating expenses -- which were down 32 percent from the same quarter last year -- and our cash position and working capital are both positive.” For the fiscal first quarter ended December 31, 2009, Mitek…

TuesdayFeb 16, 2010 11:56 am

ChinaTel Group, Inc. (CHTL.OB) Announces Upcoming Investor Relations Campaign

ChinaTel Group, Inc., a leading high speed wireless broadband, telecommunications infrastructure, engineering and construction services provider, announced that it has selected KCSA Strategic Communications, a leading New York-based communications firm, to head its new investor relations and financial communications program. KCSA has been commissioned to implement a comprehensive investor relations campaign designed to build greater awareness of ChinaTel following its recently completed $640 million equity financing. Todd Fromer, Managing Partner of KCSA, will lead the investor relations team and provide strategic counsel on financial communication matters, while Lewis Goldberg heads KCSA's public relations efforts for ChinaTel. ChinaTel's CEO, George Alvarez,…

TuesdayFeb 16, 2010 11:51 am

NACEL Energy Corp. (NCEN.OB) Announces Agreement with Southwest Power Pool to Supply Renewable Energy

NACEL Energy Corp. was pleased to announce today that it has entered into a Feasibility Study Agreement with Southwest Power Pool, Inc. (SPP) to evaluate the impact of connecting the company's 20 MW Leila Lake wind power generation project to the electric grid. As NACEL Energy previously told investors late last month, it has submitted a comprehensive bid, with the input of a tier one wind turbine manufacturer, for the supply of 20 MW of power from Leila Lake to American Electric Power Service Corporation (AEPSC), a subsidiary of American Electric Power Company of Columbus, OH, one of the nation's…

TuesdayFeb 16, 2010 11:26 am

GeoPharma Inc. (GORX) Finds a Diverse Product Mix Helpful with Current Economic Conditions

GeoPharma Inc., a biotechnology company primarily focused on nutraceutical and cosmetology oriented products, works to develop, manufacture and market dietary, generic pharmaceutical and health and beauty products. Although the description of company activity may appear somewhat odd, it may be easier to say that it manufactures and distributes nutritional supplements/pharmaceutical products with other related manufacturing elements associated with the process - such a warehouse services. Although the company may be at a different level within the "pharma" world, it can be suggested that there are portions of the company that may be of interest. One can never discount the cosmetic…

TuesdayFeb 16, 2010 11:15 am

China Industrial Waste Management (CIWT.OB) Wins Prestigious Award

Today, leading environmental services and solutions provider, China Industrial Waste Management, Inc. announced that the company’s founder and CEO, Mr. Jinqing Dong, has been honored by leading broadcasters in Dalian City, China as one of the “Top Ten People in Dalian’s Economy.” The award recognizes his contributions to Dalian City’s economy, a major seaport and industrial center in Northeast China. Mr. Dong is the first winner from Dalian's environmental protection industry. He holds a degree in Environmental Protection from Dalian Polytechnic University and is the Chairman of the Dalian Environmental Protection Association. The CEO joins other leaders in industry, academia…

TuesdayFeb 16, 2010 11:14 am

Cellceutix Corp. (CTIX.OB) Completes Successful Meeting with FDA for Cancer Drug

Cellceutix Cop. is a bio-pharmaceutical company that develops small molecules to treat cancer and inflammatory disease. The company announced today that it has completed a successful pre-investigational new drug exemption (pre-IND) meeting with the US Food and Drug Administration (FDA) for its lead compound, Kevetrin, which is being developed to treat drug resistant cancers. The company has the remaining pre-IND animal studies for Kevetrin underway. These studies consist of intermediate-term toxicity studies in two species and safety pharmacology studies in the cardiovascular, central nervous system and respiratory areas. In these animal studies, Kevetrin was found to significantly delay tumor growth…

TuesdayFeb 16, 2010 10:19 am

NetSol Technologies, Inc. (NTWK) – The Changing World Of Business Services

The business services and enterprise software industry is facing more challenges than ever before. Several years of global financial pressure, along with intensifying competition and acquisitions, has changed the industry skyline, leaving once strong and independent companies either gone or gobbled up. Nevertheless, it’s the hope of many that all of the pain now being experienced will ultimately result in more efficient, cost effective, and technologically creative system and service offerings. The primary reason for the existence of business service and enterprise software companies is the increasing complexity of the environment in which businesses must operate. Gone are the days…

TuesdayFeb 16, 2010 9:05 am

L & L Energy, Inc. (LLEN.OB) Makes Major Move with Approval for Listing on NASDAQ Global Market

One company that is on the rise is L & L Energy, Inc. Located in Seattle, Washington and incorporated in Nevada, L & L is a successful coal-mining that was founded in 1995. The young company has placed their focus on serving the energy market in China and has been very successful through its subsidiaries. Today, L & L took a major step towards enhancing their future with the announcement that they have been approved for listing on the NASDAQ Global Market. The move to the NASDAQ Global Market is a sign that L & L could evolve into a…

TuesdayFeb 16, 2010 9:03 am

Neah Power Systems, Inc. (NPWZ.OB) Announces Acquisition of CyVolt Energy

Neah Power Systems, Inc., a developer of fuel cell-based renewable energy solutions for the military, industrial and consumer applications, recently announced that the company has secured an agreement with CyVolt Energy Systems to acquire all of its technology and assets. The cost of the acquisition will be included in the company’s recently announced financing, which allocates funds for Neah Power Systems to acquire businesses that are expected to provide positive cash flows in the near term. Neah Power Systems intends to introduce a hybrid fuel cell technology that recharges lithium ion batteries to the retail market within four to six…

TuesdayFeb 16, 2010 8:59 am

Ft. Lauderdale Airport to use Innovative PASSUR Aerospace (PSSR.OB) Technology

Friday, PASSUR Aerospace, Inc. announced that it has entered into a contract with Fort Lauderdale Executive Airport (FXE) for the use of a collaborative version of PASSUR® AirportMonitor™, the industry's leading airspace education tool for airport communities. FXE, a longtime user of PASSUR software, has used the company’s products for its noise-monitoring program and aircraft identification. "PASSUR AirportMonitor strengthens our relations with our neighboring communities, creating the trust that comes from transparent and accurate information," said Clara Bennett, Airport Manager, Fort Lauderdale Executive Airport. "It represents great progress in the evolution of airport communication, collaboration and coordination - both operationally…

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Month: February 2010