April 2010 - Page 27 of 37

FridayApr 09, 2010 11:01 am

Inovio Biomedical Corp. (INO) Awarded Grant for Hepatitis C Virus DNA Vaccine Research

Inovio Biomedical Corp. is focused on the design, development and delivery of a new generation of vaccines, called DNA vaccines, to prevent and treat cancers and infectious diseases. The company's SynCon technology enables the design of universal vaccines capable of protecting against multiple strains of pathogens such as influenza. The company announced that it and its team of brilliant researchers and collaborators from Drexel University, Cheyney University and the University of Pennsylvania have received a $2.8 million grant from the Pennsylvania Department of Health to develop a DNA vaccine to treat hepatitis C virus (HCV). The grant will fund pre-clinical…

FridayApr 09, 2010 11:00 am

Avanir Pharmaceuticals Inc. (AVNR) Accepted for “Late Breaking Science” Presentation

As the 2011-12 patent drop-off for a majority of solid selling pharma products approaches, and phase III trial products are watched even more closely by the larger pharma companies, a solid report here or there can only boost value in a company. As the FDA vary rarely telegraphs its likelihood of acceptance for a new drug product, placing an investment on a pharma research company is still a risk. But if the investment pans out, it could provide a very large return. Avanir Pharmaceuticals Inc., a biopharmaceutical company, focuses on acquiring, developing and commercializing drug candidates directed primarily at the…

FridayApr 09, 2010 10:56 am

Sino Clean Energy, Inc. (SCLX) Reports Net Income for 2009 – Raises Guidance for 2010

Sino Clean Energy, Inc. reported adjusted net income of $11.0 million, or $0.11 per share, in 2009. The company earned $5.0 million, or $0.03 per share, in 2008. Sino Clean Energy, Inc. reported a large increase in revenues as well. The company had revenues of $46.0 million in 2009, compared to $14.3 million in 2008. Sino Clean Energy, Inc. said that net income and revenues in 2009 exceeded guidance given by the company. “We are pleased to have exceeded both revenue and net income guidance for 2009, and expect sales of our coal water slurry fuel to continue to increase…

FridayApr 09, 2010 9:39 am

eDoorways Corp. (EDWY.PK) Anticipates Successful Shareholder Conference Call Following Additional Platform Developments and Written Address

eDoorways Corp.’s recent release of the Facebook integration model, offline notification through Twitter, and post of the written address to shareholders has many in the investment community interested in today's shareholder conference call that will take place at 1:00 PM Eastern. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corporation, commented, "Yesterday's improvements to beta version 2.5 have resulted in significantly more sign-ups to eDoorways in a single day than what we've seen since our launch this past December. However, an unexpected and amazingly overwhelming positive response has come from last night's post of the shareholder's written address. It…

FridayApr 09, 2010 8:51 am

Weststar Financial Services Corp. (WFSC.OB) Posts Quarterly, FY Results Reflecting Negative Economic Environment

Weststar Financial Services Corp. today posted its preliminary financial results for 2009, reporting that its quarterly and full-year results were heavily impacted by an aggressive increase in provision for loan losses stemming from growth in the loan portfolio, continued weak regional economic conditions, decreasing real estate values, charged-off loans, and an increased number of past dues and troubled debt restructures. "During the past year we worked to meet the loan needs of our community in a challenging economy. While there were signs that the national economy was improving, we saw continued deterioration in economic activity beginning in the fourth quarter…

FridayApr 09, 2010 8:32 am

Mitcham Industries, Inc. (MIND) Reports Increase in Net Income and Revenues

Mitcham Industries, Inc. reported net income of $584,000, or $0.06 per diluted share, in the fourth quarter of fiscal 2010. In the same quarter of fiscal 2009, the company earned $421,000, or $0.04 per diluted share. Revenues also increased, to $17.4 million in the fourth quarter of fiscal 2010 from $16.2 million in last year’s fourth fiscal quarter. The company attributed the increase in sales to strong results at the Seamap segment and higher demand for lease pool equipment. Bill Mitcham, the CEO of Mitcham Industries, Inc., said, “Despite the challenging operating environment, we are pleased to report another profitable…

FridayApr 09, 2010 8:27 am

Core Molding Technologies, Inc. (CMT) Reports Lower Net Income and Revenues

Core Molding Technologies, Inc. reported net income of $1.02 million, or $0.15 per diluted share, in 2009. This was a sharp drop from the net income of $5.6 million, or $0.81 per diluted share, reported in 2008. Revenues also fell precipitously on a year over year basis, to $82.3 million in 2009 from $116.6 million in 2008. The company blamed the decline in revenues and net income on the economic recession and its effect on the North American heavy and medium duty truck market, as well as the start up costs of a new manufacturing facility in Mexico. Kevin L.…

FridayApr 09, 2010 8:25 am

ITEX Corporation (ITEX.OB) to Provide PC Upgrades for Their Franchise Network and Corporate Offices

ITEX Corporation announced that they would provide new computers, software and monitors for its franchise network and corporate offices to replace existing desktop systems. The software provided will include Microsoft Windows 7 and Office Small Business 2010. Upon the launch of Office 2010, ITEX Corporation expects to purchase 180 Dell computer systems. Steven White, ITEX Chairman and CEO stated, "Our continued success is due in part to our organization utilizing leading technology products and services. We are committed to providing our franchisees and corporate staff with the finest tools to be as productive and efficient as possible. Our PC infrastructure…

FridayApr 09, 2010 8:22 am

Speedemissions, Inc. (SPMI.OB) Continues Expansion to 41 Locations

Speedemissions, Inc., a leading vehicle emissions testing and safety inspections company, announced that it has continued growing and opened its 41st store in Peachtree City, GA during the month of March. Speedemissions, founded in 2001, is based in Atlanta, GA. This new opening is the 14th in the greater Atlanta area. Rich Parlontieri, President and CEO was quoted in the article as saying: “We have had a presence in the City for almost 8 years and have worked hard to establish a neighborhood identity. Also, this is a continuation of our plans to grow in 2010 by an additional one…

FridayApr 09, 2010 8:18 am

Reba McDermott named Chief Financial Officer of SouthPeak Interactive Corp. (SOPK.OB)

SouthPeak Interactive Corporation, based in Midlothian, VA, recently announced that they have appointed Reba McDermott as their new Chief Financial Officer (CFO). The appointment is effective as of April 1, 2010. Ms. McDermott has been serving as SouthPeak’s interim Chief Accounting Officer (CAO) since August 2009. As CAO, Ms. McDermott’s responsibilities includs directing the organization's overall financial policies and overseeing all financial functions including accounting, budget, credit, and tax. As the newly appointed CFO, Ms. McDermott will be filling the role for SouthPeak’s CEO, Melanie Mroz, who had been acting as interim CFO. Ms. McDermott holds a variety of degrees…

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Month: April 2010