March 2010 - Page 16 of 39

FridayMar 19, 2010 10:18 am

NetSol Technologies, Inc. (NTWK) Announces Official Launch Date of smartOCI(TM)

NetSol Technologies, Inc., provider of business services and enterprise application solutions to private and public sector organizations worldwide, this morning announced the official launch of the smartOCI™, a SAP-compatible multiple-catalog search engine solution. smartOCI™ enables streamlining purchasing processes and driving cost efficiencies within procurement organizations. The search engine technology is targeted for launch on May 17, 2010 at the SAP SAPPHIRE Conference in Orlando, Florida, targeting approximately 1,000 SAP SRM platform customers. Developed by NetSol Technologies, smartOCI™ will provide corporate buyers and shoppers a simple and intuitive user interface to search multiple supplier catalogs simultaneously within the SAP Supplier Relationship…

FridayMar 19, 2010 10:11 am

Daulton Capital Corp. (DUCP.OB) Closes on Balarat Option and Acquires Additional Claims in the Klondike

Daulton Capital Corp. is a natural resource finance company focused on precious and base metals, as well as oil and gas opportunities. Management's objective is to option or joint venture projects with both major and junior natural resource companies to properly exploit the potential of each project. The company announced today that it has completed final negotiations on the Balarat property in compliance with the original agreement and acquired an additional 58 claims on the property, bringing the claim total to 96. The Balarat claim block is situated 3 miles southeast of Underworld Resources' Black Fox property. Underworld Resources was…

FridayMar 19, 2010 10:09 am

Mesa Labs, Inc. (MLAB) Signs Partnership Agreement with Masy Systems

Mesa Labs Inc. manufactures instruments and disposable products utilized in connection with industrial applications and healthcare. One product is the company's Data Trace data loggers which are used for quality control applications in pharmaceutical, food and medical device manufacturing. Other products from Mesa Labs include medical meters used for quality control in dialysis clinics and Raven Biological Indicators used for quality control of sterilization processes in hospitals as well as pharmaceutical and medical device companies. The company announced today that it has signed a strategic distributor agreement with Masy Systems Inc. Masy Systems provides quality services for the biotech, pharmaceutical,…

FridayMar 19, 2010 8:29 am

Baltic Trading Ltd. (BALT) Completes Initial Public Offering

Baltic Trading Ltd. completed the sale of 16.3 million shares of its common stock at a price of $14.00 per share. This was the company’s initial public offering, and Baltic Trading Limited raised a total of $228.2 million in gross proceeds before the payment of commissions and other underwriting expenses. Morgan Stanley & Co. Inc. and Dahlman Rose & Company, LLC are the co managers of the offering and retain an option to purchase an additional 2.45 million shares from Baltic Trading Limited to cover any over allotments. Baltic Trading Limited was formed in association with Genco Shipping & Trading…

FridayMar 19, 2010 8:17 am

China Tel Group, Inc. (CHTL.OB) Announces Expansion of Wireless Broadband Networks in China and Peru

China Tel Group, Inc., a leading provider of fixed telephony, conventional long distance, high-speed wireless broadband and telecommunications infrastructure engineering and construction services, recently announced the expansion of the company’s wireless broadband networks to 12 cities in China and eight cities in Peru. The company’s 12-city expansion and deployment in China will upgrade and expand existing networks in the cities of Beijing, Shanghai and Shenzhen. In addition, the cities of Guangzhou, Wuhan, Nanjing, ChongQing, Harbin, Xian, XiaMen, QingDao and Kunming will be added to the company’s network. The eight cities in Peru include Lima, Piura, Trujillo, Chiclayo, Chimbote, Arequipa, Cusco…

FridayMar 19, 2010 8:15 am

National Energy Services Company (NEGS.OB) Names David LaFarve President

One company that is starting to grab the attention of investors is the National Energy Services Company. With their focus on alternative energy and methods of production which include waste to energy, farming of green algae, and bio-mass and bio-fuel production, National Energy has proven to be not only a friend to the marketplace but also to the environment. Today, National Energy took a major step towards enhancing their future with the announcement they have named David LaFarve president of their company. LaFarve is a respected name in the industry and has honed his experience in the green space for…

FridayMar 19, 2010 8:09 am

Look Out Below! AP Pharma’s (APPA) Drug “APF530” Denied Approval from FDA

AP Pharma, Inc. had a great day yesterday closing up 32.05% at $2.06 on strong volume of 6,300,000 traded shares in anticipation of news from the FDA on its leading drug candidate, “APF530”. APF 530 is developed for the prevention of both acute and delayed-onset chemotherapy nausea-induced vomiting (CNIV). AP530 contains granisetron, which has been approved in both oral and injections for immediate onset of CNIV, but not for delayed-onset. The granisetron is formulated with AP’s proprietary Biochronomer™ delivery system which allows drug levels to be maintained for 5 days from a single injection. AP Pharma had reported positive results…

FridayMar 19, 2010 8:06 am

China Recycling Energy Corp. (CREG.OB) Posts FY 2009 Results, Reporting Impressive Hikes across the Board

China Recycling Energy Corp. is a leading provider of industrial waste-to-energy technologies in China. The company recently posted its full-year 2009 financials and offered guidance for fiscal 2010, reporting a 130 percent hike in revenues. For the year ended Dec. 31, 2009, CREG posted revenues at $44.2 million, up 130 percent from $19.2 million reported for 2008. Product sales contributed $38.3 million, or 86.6 percent, of the total revenue in 2009, compared with $8 million, or 41.9 percent, of the total revenue in 2008. For the year ended Dec. 31, 2009, income from operations grew 229 percent to $13.5 million,…

ThursdayMar 18, 2010 2:56 pm

International Coal Group, Inc. (ICO) Raises Capital in Equity and Convertible Offering

International Coal Group, Inc. reported that it has successfully raised capital through two separate offerings of common stock and convertible notes. The company will use the proceeds from both offerings for general corporate purposes and to redeem part of an outstanding 9.00% convertible senior note issue due in 2012. International Coal Group, Inc. sold 22.4 million shares of common stock at a price of $4.47 per share, raising approximately $94 million after commissions and other underwriting expenses. UBS Securities LLC and Morgan Stanley & Co. were co managers on the common stock offering and retain an option to purchase an…

ThursdayMar 18, 2010 2:55 pm

International Stem Cell Corp. (ISCO.OB) to Conduct Experiments to Get Clear View of Age-Related Macular Degeneration

Biotechnology company International Stem Cell Corporation today announced that its Research and Therapeutic Development Group will team up with scientists from the University of California, Irvine to conduct a second phase of preclinical experiments on retinal pigment epithelium (RPE), (in layman’s terms, the colored cell layer of the retina), derived from parthenogenetic stem cells. RPE is an integral part of proper eye function. The loss of function contributes to a variety of disabling eye conditions, including age-related macular degeneration (AMD), the leading cause of vision loss in seniors. ISCO’s preclinical research will allow scientists to test the restoration ability of…

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Month: March 2010