February 2010 - Page 17 of 28

ThursdayFeb 11, 2010 9:10 am

Adeona Pharmaceuticals, Inc. (AEN) Announces Appointment of James S. Kuo, M.D. as Chairman, CEO and President

Adeona Pharmaceuticals, Inc., a development-stage, specialty pharmaceutical company that is developing orally active, proprietary, late-stage drug candidates for the treatment of autoimmune and central nervous system diseases, recently announced the appointment of James S. Kuo, M.D. as the company’s chairman, chief executive officer and president. Dr. Kuo replaces Mr. Max Lyon, who recently resigned as president, chief executive officer and a member of the company’s board of directors. Since February of 2007, Dr. Kuo has served as a director of Adeona Pharmaceuticals. In his new role, he will spearhead the company’s new growth initiatives, including new product launches, the commercialization…

ThursdayFeb 11, 2010 8:25 am

WikiLoan, Inc. (WKLI.OB) to Ink First Deal Potentially Soon

WikiLoan, Inc., a financial social network, this morning announced that it is in the final stages of negotiating for its first major revenue producing deal. According to the press release, the company may have a signed definitive agreement as early as next week. "We are fortunate that negotiations with our first deal are progressing rapidly and look forward to announcing the details to our shareholders," said Edward C. DeFeudis, WikiLoan's Founder and President. Let us hear your thoughts: WikiLoan, Inc. Message Board

WednesdayFeb 10, 2010 5:00 pm

Energtek, Inc. (EGTK.PK) Commences LMP Technology Field Test in Africa

Energtek Inc., a world leading developer of Adsorbed Natural Gas (ANG) technology, announced that it has sent a proprietary Low-pressure Mobile Pipeline(TM) (LMP) semi-trailer to a nation in western Africa for a commercial natural gas distribution field test. As part of this test, natural gas will be transported by the recently manufactured semi-trailer, from a distribution well-head to an off-site industrial energy consumer. The LMP semi-trailer transports similar quantities of gas as other CNG systems, but at substantially reduced pressures. This ability significantly reduces the costs of natural gas compression and decompression associated with other mobile bulk transportation systems. "After…

WednesdayFeb 10, 2010 4:07 pm

Manhattan Bancorp (MNHN.OB) Posts $150M in Assets as of Dec. 2009; Maintains Optimism Based on Strategic Business Plan

Manhattan Bancorp, the holding company of Bank of Manhattan N. A. and MBFS Holdings Inc., today posted improved financial performance leveraged by strong growth in assets, loans and deposits, and an expanding net interest margin. “2009 represented a year of continued achievements for the Company,” Kyle A. Ransford, chairman of Manhattan Bancorp stated in the press release. “While we completed the investment in Banc of Manhattan Capital LLC, a full service broker/dealer, repaid TARP funds and the associated warrant in full, and attracted talented employees and directors to join the company, we remained focused on executing our strategic plan. We…

WednesdayFeb 10, 2010 1:07 pm

Solar Power, Inc. (SOPW.OB) Signs Agreement with Annerher S.L. to Broaden Market Penetration in Spain and Portugal

Solar Power, Inc., the Roseville, California-based provider of complete solar energy solutions, announced today the signing of a sales representation agreement with Barcelona, Spain-based Annerher S.L. to establish Yes! Solar PowerTM dealers in both Spain and Portugal. Annerher will both represent the dealer program and the sales of SOPW’s photovoltaic (PV) solar products and integrated commercial/residential solutions from the Company’s Yes! Energy SeriesTM, while soliciting dealerships in Spain and Portugal to distribute such products. President of Business Development for SOPW Bradley Ferrell hailed the agreement as offering exciting opportunities for both companies, and noted that “Annerher S.L. has a robust…

WednesdayFeb 10, 2010 1:04 pm

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Expands Operations

SOKO Fitness & Spa Group, Inc. offers denizens of Northeastern China and suburban Beijing a complete wellness solution consisting of programs, exercise, education, nutrition and other products via their beauty salons and fitness centers. The Company disclosed details today regarding plans to expand operations geographically beyond its former focus of developing in Tier-2 Chinese cities, and said it will begin to select suburban areas of Tier-1 cities with under-served markets in order to capitalize on growth potential and secure robust returns on investment for the Company’s shareholders. Tier-1 cities are large metropolises with 10 million or more residents, and Tier-2…

WednesdayFeb 10, 2010 12:50 pm

ADC Telecommunications Inc. (ADCT) Posts Q1 2010 Results, Offers Guidance for Q2

ADC Telecommunications Inc. today posted its unaudited results for the first quarter ended January 1, 2010, reporting solid results it says are driven by operational strength. Because of a change to the company’s fiscal year to September 30, ADC compared first quarter 2010 results with the proforma results for the prior year’s first quarter ended December 26, 2008, and the proforma results for the fourth quarter of fiscal 2009 ended September 30, 2009. For the first quarter of fiscal 2010, ADC reported GAAP earnings from continuing operations at $3.6 million, or $0.04 per share. Net sales for first quarter were…

WednesdayFeb 10, 2010 12:44 pm

SafeStitch Medical, Inc. (SFES.OB) Receives Authorization for Its AMID Stapler

SafeStitch Medical Inc. is a medical device company developing endoscopic and minimally invasive surgical devices. The company's product portfolio includes devices for bariatric (obesity) surgery and repair of gastroesophageal reflux disorder (GERD), as well as the AMID Stapler and other products. The company announced today that it has received CE Mark authorization to commercialize its AMID Stapler in the European Economic Community. The AMID Stapler is the first surgical stapler designed specifically for use in inguinal hernia using the Lichtenstein method, in which mesh is implanted for reinforcement. SafeStitch announced in November 2009 that it had received 510(k) clearance from…

WednesdayFeb 10, 2010 12:33 pm

NetSol Technologies, Inc. (NTWK) Announces Q2 FY 2010 Financial Results

NetSol Technologies, Inc., a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today reported its second quarter financial results for fiscal year 2010, for the period ended December 31, 2009. Financial highlights for the quarter include: • $9.5 million in revenues, up 81% year-over-year and 25% sequentially • Substantial improvement in gross margin to 62% compared to 27% a year earlier • Operating income of $1.7 million compared to an operating loss of $2.8 million in the same period a year ago • GAAP net loss applicable to common shareholders of…

WednesdayFeb 10, 2010 11:28 am

OpenTable, Inc. (OPEN) Has Your Reservations

OpenTable, Inc., besides being the leading supplier of reservation, table management, and guest management software for restaurants, is also the operator of www.OpenTable.com, the world’s most popular website for making online restaurant reservations. OpenTable serves restaurants around the world, replacing the long-standing pen-and-paper method of taking reservations and managing tables with automated hardware and software. A major side benefit of their system is that it allows restaurants to use all that previously lost information to build diner databases, valuable for targeted email marketing and improved guest recognition. The website, on the other hand, services individual diners, as well as concierges…

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Month: February 2010