March 2010 - Page 23 of 39

MondayMar 15, 2010 9:38 am

GMX Resources Inc. (GMXR) Announces 2010 Capital Program

GMX Resources Inc. announced a capital program of $175 million for 2010. The company will use the capital to drill 22 horizontal wells into the Haynesville Shale, Bossier Shale and Cotton Valley Sand in East Texas. GMX Resources Inc. also provided production guidance of 17.5 billion cubic feet equivalent for 2010, a 30% increase over 2009 levels. GMX Resources Inc. announced the completion results of two horizontal wells drilled recently into the Haynesville Shale. The company said that the Mia Austin #1H well had an initial production rate of 14.1 million cubic feet equivalent per day during a 24-hour test,…

MondayMar 15, 2010 9:36 am

National Western Life Insurance Company (NWLI) Reports Higher Net Income for 2009

National Western Life Insurance Company reported net income of $12.7 million, or $3.59 per diluted share, for the fourth quarter of 2009. This was slightly above the $10.9 million, or $3.06 per diluted share, reported in the same quarter in 2008. National Western Life Insurance Company also reported higher earnings for the year ending 12/31/2009. The company earned $45.5 million, or $12.87 per diluted share, in 2009, compared to $33.6 million, or $9.48 per diluted share, in 2008. The increase in net income for 2009 was led by significantly lower losses in the company’s investment portfolio in 2009 compared to…

MondayMar 15, 2010 9:36 am

China Clean Energy, Inc. (CCGY.OB) Secures Credit to Support Increased Capacity Utilization of its Jiangyin Plant

China Clean Energy, Inc., a company engaged in the development, manufacturing, and distribution of biodiesel and specialty chemical products made from renewable resources, recently announced that its wholly owned subsidiary, Fujian Zhongde Energy Co., Ltd., has secured a line of credit for up to RMB 33 million (equivalent to approximately US $4.8 million). China Clean Energy expects to use the expanded credit line to support the ramp-up of its new Jiangyin Plant, which has the capacity to produce a total output of 70,000 tons of biodiesel and specialty chemicals per year. Completed in October of 2009, management expects the Jiangyin…

MondayMar 15, 2010 9:30 am

MWW Automotive Group (MWWC.OB) Generates Strong Revenues in its Fiscal First Quarter

MWW Automotive Group delivers its accessory products, design and painting services to select global automobile manufacturers. The company provides substantial added value to the sale of vehicles for leading automobile manufacturers such as Ford, Volkswagen, BMW, Hyundai, Kia and Toyota. MWW Automotive today announced figures for its fiscal first quarter ended December 31, 2009. The company reported that it generated $1,508,276 in revenues for its fiscal first quarter. This is an increase of $112,116 as compared to the same quarter from a year ago. MWW Automotive also increased its gross profit for the fiscal first quarter by 12.6 percent versus…

MondayMar 15, 2010 8:45 am

Newport Digital Technologies, Inc. (NPDT.OB) Appoints Former Minister of the Ministry of Economic Affairs of Taiwan to the Advisory Board

Newport Digital Technologies, Inc. announced this morning that Steve Ruey-Long Chen, the former Minister of the Ministry of Economic Affairs of Taiwan (MOEA) and former Board Chairman of the Institute for Information Industry (III), has joined its Advisory Board. Providing invaluable insight and guidance, Mr. Chen will help guide NPDT as it continues to implement its business strategies and brings innovative technology driven solutions to market, including RFID, WiMax, Wireless Digital Signage, Security and VoIP products and services. Many of these solutions have been successfully developed and implemented in Taiwan through NPDT's technology partners, the Industrial Technology Research Institute (ITRI)…

MondayMar 15, 2010 8:38 am

eDoorways Corp. (EDWY.PK) Announces Tremendous Success at SXSW’s Interactive Festival

eDoorways Corporation announced this morning that it has had incredible success thus far at the South By Southwest (SXSW) Interactive Festival. With a well designed booth, situated on prime convention floor real estate and next to one of the biggest names in web-technology, eDoorways has impressed not only convention attendees but neighboring presenters as well. Showcasing a live demonstration of the eDoorways iPhone® App, along with the heAR Augmented Reality App launched this past weekend by eSee Technologies, eDoorways has increased its user base by signing an estimated 70% of those attendees visiting its booth. Mr. Gary Kimmons, Chairman &…

MondayMar 15, 2010 7:15 am

eDoorways Corp. (EDWY.PK) Presentation at SXSW to Demonstrate Focus and Provide a Peek at v2.5

eDoorways Corporation announced Friday after the closing bell that its participation in this year's South By Southwest (SXSW) Interactive Festival will focus on demonstrating the improved functionality of the current web platform, signing on new users and offering a peek at Beta v2.5. The portion of the conference eDoorways will participate in is the SXSW Interactive Festival -- an incubator of cutting-edge technologies, showcasing the most creative technology from around the globe. It is anticipated that 40,000 people will attend the Interactive Festival this year, making this a stellar opportunity for eDoorways to get premium exposure and possibly sign-up new…

FridayMar 12, 2010 1:43 pm

American Jianye Greentech Holdings, Inc. (AJGH.OB) Expands Into NE China with New Clean Fuels Production Facility

American Jianye Greentech Holdings, Inc., a growing alcohol-based alternative fuels developer in the People's Republic of China that proudly boasts of its product’s low cost and environmentally sound profile, announced today that the Company’s wholly owned operating firm, Heilongjiang New Clean Fuels Co., Ltd, has opened offices and completed construction on a new clean fuel plant in the North Industrial Area of Liaoning Province, Tieling City. As the maker of clean, alcohol-based fuels which are an 85/15 mix of alcohol and gasoline/diesel respectively, Heilongjiang New Clean Fuels emphasizes the clean-burning rate and high-heat output of its product, which has been…

FridayMar 12, 2010 1:40 pm

Provectus Pharmaceuticals, Inc. (PVCT.OB) Brings in $7.5M in a Private Placement

Provectus Pharmaceuticals, Inc., a developer of oncology and dermatology treatments, today announced gross proceeds of approximately $7.5M from a private placement. With intentions to apply the capital generated by this private placement to working capital concerns, PVCT CFO and COO Peter Culpepper noted that the closing of this offer has tremendously strengthened the Company’s operational activities and widely expanded PVCT’s base of shareholders “to include new and individual investors”. Culpepper went on to say that sufficient capital had been raised to fully finance ongoing clinical trials, and that no additional money would be required to complete testing on the Company’s…

FridayMar 12, 2010 1:17 pm

Beacon Equity Research Featured Company: The Mundus Group, Inc. (MNDP.PK)

The Mundus Group, Inc. is an advanced aerospace technology consortium focused on providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) through its fully owned subsidiaries AirStar International and Roadable Aircraft Inc (RAI). Mundus is at the cutting edge of jet turbine–ducted fan technology. Through its subsidiaries, the company fuses a state of the art design engineering and prototype facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments. From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian…

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Month: March 2010