February 2010 - Page 7 of 28

MondayFeb 22, 2010 11:59 am

Premier Alliance Group, Inc. (PIMO.OB) Awarded Contract in Excess of One Million Dollars

Premier Alliance Group, Inc., a business and technology consulting firm, announced today that they have expanded a previous relationship with one of the nation's top financial institutions, Global Markets Risk Management group. It is anticipated that this new engagement will increase revenues in excess of one million dollars ($1,000,000). The Global Markets Risk Management group is responsible for multiple enterprise based initiatives including: compliance efforts, BASEL regulatory items, and operational initiatives dealing with business processes supporting federal regulatory rules changes. Premier Alliance Group will provide Senior Consultants and knowledge based experts to provide business process analysis and change management expertise…

MondayFeb 22, 2010 11:25 am

Cannabis Science Inc. (CBIS.OB) Makes Progress in Its Analytical Lab Logistics

Cannabis Science Inc., a pharmaceutical cannabis company in the US, today announced progress in its Analytical Lab Division at Cannabis Science. Cannabis Science Inc., President & CEO, Dr. Robert Melamede Ph.D., stated, "As a patient oriented company located in a state with effective medical marijuana laws, we are able to study the medical production and use of cannabis in a variety of modalities. At the core of this research, we are working with patients producing top grade medical cannabis as the starting point for extracts and formulations to treat the many disease states that cannabinoids positively impact. Efficient, stable propagation…

MondayFeb 22, 2010 11:19 am

Gold Resource Corp. (GORO.OB) Announces Underground Mining Contract for Further Development of Its Aguila Project

Gold Resource Corp. was pleased to announce this morning that it has signed an underground mine contract for development of its El Aguila Project's Arista deposit, located in Oaxaca, Mexico. Comsa S.A. de C.V. has been commissioned to develop 1,500 meters of decline ramp and several other works of underground development for the Arista mine. An experienced underground mine contractor, Comsa has performed underground mine development for companies including Minera Penoles and Minera Hecla. William W. Reid, President of Gold Resource Corporation, stated, "We are very excited to have signed this underground mining contract as it signals an important milestone…

MondayFeb 22, 2010 10:16 am

Lucas Energy Inc. (LEI) and Terra Energy & Resource Technologies (TEGR.OB) Join Forces

Lucas Energy and Terra Energy & Resource Technologies have agreed to a joint development of oil and gas properties in the Texas which will enhance the future of both of these corporations. Lucas Energy has gained a reputation as a growing company that identifies, evaluates and acquires leasehold property interests, primarily in the Austin Chalk formation of the middle Gulf Coast of Texas. These property interests are underperforming or have been shut-in or plugged and abandoned. Lucas Energy comes in and revitalizes these interests and turns them into sound investment opportunities. Terra Energy & Resource Technologies is a unique company…

MondayFeb 22, 2010 9:42 am

NetSol Technologies, Inc. (NTWK) Announces Signed Agreement with Chinese Finance Company

NetSol Technologies, Inc. announced this morning that it has signed a new agreement with a China-based finance company that has a major European bank and a multi-billion dollar Chinese financial services group as partners. The client will be utilizing NetSol's NFS BI Module, a unique end-to-end Business Intelligence offering, following a comprehensive due diligence process. This agreement marks the latest deployment of the NFS BI Module in the Chinese market. According to the press release, NetSol will provide a complete turnkey solution to the client covering data warehousing as well as application dashboard development and customized reporting, enabling management to…

MondayFeb 22, 2010 8:30 am

eCrypt Technologies, Inc. (ECRY.OB) Announces Partnership with Media2O Digital Agency

eCrypt Technologies, Inc., an information security company and a premier provider of true end-to-end encryption software with a focus on wireless communications, recently announced a strategic partnership with Media2O Digital Agency. Under the terms of the agreement, Media2O Digital Agency will manage all principal marketing efforts for eCrypt with a focus on digital marketing. Media2O Digital Agency will develop a microsite for eCrypt, implement a social media strategy to engage the media for feedback, generate a PR strategy and produce collateral to support the marketing of the product. eCrypt will utilize an incentive-based program to compensate Media2O Digital Agency for…

MondayFeb 22, 2010 8:28 am

Court Confirms Accuride Corp.’s (AURDQ.OB) Plan of Reorganization

On Friday, Accuride Corp. announced that the United States Bankruptcy Court for the District of Delaware has confirmed the company's Plan of Reorganization. Accuride’s President and CEO Bill Lasky outlined the plan: "The reorganization plan will allow Accuride to emerge from Chapter 11, after only five months, with the financial flexibility necessary to ensure the continued pursuit of our strategic objectives. This new capital structure, coupled with the significant operational restructuring initiatives we have implemented, will position the Company for future growth and the continued leadership of our brands." Accuride's U.S. entities filed a voluntary petition in October 2009 for…

MondayFeb 22, 2010 8:27 am

Reddy Ice Holdings, Inc. (FRZ) Reports Fourth Quarter Loss

Reddy Ice Holdings, Inc. reported a net loss of $2.0 million, or $0.09 per share, in the fourth quarter of 2009. This was an improvement from the net loss of $9.8 million, or $0.44 per share, in the same quarter of 2008. Revenues also declined on a year over basis, from $57.9 million in the fourth quarter of 2008, to $54.7 million in the fourth quarter of 2009. Reddy Ice Holdings, Inc. saw its earnings boosted in the fourth quarter by a $5.0 million payment due to an insurance recovery. Management of Reddy Ice Holdings, Inc. attributed the loss to…

MondayFeb 22, 2010 8:25 am

Li3 Energy, Inc. (LIEG.OB) Announces the Appointment of David Wahl and Antonio Ortuzar as Directors

Li3 Energy, Inc., a lithium exploration company, Friday announced the appointment of David G. Wahl and Antonio Ortuzar to its Board of Directors to take effect immediately. David G. Wahl, P Eng., P.Geo., is a prominent mining professional with an extensive background, which includes international experience and mining finance. Mr. Wahl serves as President and CEO of Southampton Associates – Consulting Engineers & Geoscientists. They provide mining sector consulting and technical services to corporate clients, financial institutions and governments. He graduated from the Colorado School of Mines with a degree of Engineer of Mines. He has followed and reported on…

MondayFeb 22, 2010 8:09 am

The Federal Reserve Raises the Discount Rate by a Quarter Percent

After the stock market closed Thursday, the Federal Reserve raised its discount rate by a quarter-point to 0.75 percent. The discount rate is the rate the Federal Reserve charges banks for emergency loans. It is less important than the key federal funds rate which is the rate that loans for consumers and businesses are based on. That rate remains at 0.25 percent and is expected to stay low for an extended period of time. The Federal Reserve itself said its action should not be seen as a sign that it will raise the federal funds rate any time soon. The…

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Month: February 2010