May 2010 - Page 28 of 34

FridayMay 07, 2010 8:27 am

Stellar Pharmaceuticals, Inc. (SLXCF.OB) Signs Licensing Agreement with medac GmbH

Canadian pharmaceutical developer Stellar Pharmaceuticals Inc. reported that they signed a licensing agreement with medac GmbH for the distribution and sale of one of its lead products, Uracyst®. The product, a sterile sodium chondrotin solution used to treat interstitial cystitis/painful bladder syndrome, will be marketed in Germany and Austria; there, the product is trademarked as Uropol®. With the approved CE mark for the product already in place, the company expects that medac will launch Uropol® in the third quarter of 2010. The agreement has an initial five-year term with additional two-year renewal periods, and under the terms of the agreement,…

FridayMay 07, 2010 8:26 am

MedaSorb Technologies Corp. (CTSO.OB) Announces Company Name Change and New Ticker Symbol

MedaSorb Technologies Corporation announced yesterday that they have formally changed their company name to CytoSorbents Corporation. Along with this corporate name change, the new ticker symbol for the Company will be CTSO.OB, effective at the open of business on Friday, May 7, 2010. MedaSorb Technologies Corporation formerly traded under the symbol MSBT.OB. CytoSorbents Corporation, and their operating subsidiary CytoSorbents, Inc., is a therapeutic device company. They are in clinical trials to treat severe sepsis with a novel blood purification device called CytoSorb™. Severe sepsis often goes by the name "overwhelming infection." The triggering of severe sepsis is usually by bacterial…

FridayMay 07, 2010 8:24 am

ADVENTRX Pharmaceuticals, Inc. (ANX) Closes On Preferred Stock Offering

ADVENTRX Pharmaceuticals, Inc. reported the completion of an already disclosed sale of stock in a direct offering to several institutional investors. Rodman & Renshaw, LLC was the placement agent for the offering. ADVENTRX Pharmaceuticals, Inc. received gross proceeds of $19.2 million in the sale, and will use the proceeds to continue research on its main products, the acquisition of new products and general corporate purposes. ADVENTRX Pharmaceuticals, Inc. issued Series F convertible preferred stock to the investor group that is convertible into common shares of ADVENTRX Pharmaceuticals, Inc. at a conversion price of $3.7025 per share. The preferred stock also…

ThursdayMay 06, 2010 3:30 pm

Silver Pearl Enterprises Inc. (SVPE.OB) Secures Relationship with Hampton Growth to Boost IR Solutions and Market Penetration

Silver Pearl Enterprises Inc. (to be renamed Keyuan International Group Limited), a leading independent manufacturer and supplier of various petrochemical products in China, today announced it has retained Hampton Growth for its investor relations services and to support international market reach. Hampton is expected to correlate with and complement actions of HC International Inc., which will provide traditional investor relations activities and institutional investor management for the company. "We are excited to be working with Hampton Growth and look forward to them assisting us to maximize the value of our enterprise by providing exposure to their vast network of retail…

ThursdayMay 06, 2010 2:50 pm

LSB Financial Corp. (LSBI) Reports Higher Net Income in First Quarter of 2010

LSB Financial Corp. reported net income of $0.53 million, or $0.34 per diluted share, in the first quarter of 2010. The bank earned net income of $0.30 million, or $0.20 per diluted share, in the same quarter of 2010. Management of LSB Financial Corp attributed the strong improvement in earnings to cost control efforts that more than offset the fall in interest income that the bank received. Randolph F. Williams, the CEO of LSB Financial Corp, said, “The fundamentals of the bank are strong as seen in the 23.5% increase in net interest income and a 5.3% reduction in non-interest…

ThursdayMay 06, 2010 12:49 pm

General Environmental Management, Inc. (GEVI.OB) Introduces Energy Market to New Stimulation Process

General Environmental Management announced this afternoon that it has signed an exclusive marketing agreement with Earthsonics for down hole stimulation of oil and gas production using a combination of PetroMax and sonic stimulation. “This agreement represents a significant stride forward in the company’s effort to bring new technology to the energy market,” stated GEM’s CEO, Timothy J. Koziol. “Furthermore, it extends our service to the oil and gas industry to encompass the whole production process from well site to waste disposal.” Doug Edwards, GEM’s Chief Strategy Officer, explained the process, “Sonic stimulation is a process that takes low frequency sound…

ThursdayMay 06, 2010 11:50 am

Shrink Nanotechnologies, Inc. (INKN.OB) Initiates 3-Year Research Project with Largest CA Public University Gaining Exclusive Technology Commercialization Rights

Shrink Nanotechnologies, Inc., revolutionary developers of nanotech solutions based on innovations developed by Dr. Michelle Khine, announced the inception of a sponsored 3-year research agreement with California’s largest public university system today. Dr. Khine’s innovations have become the core technology behind the Company’s NanoShrink™ plastic substrate, which uses the technology to rapid-manufacture complex nanostructures from shrinkable polystyrene via the patent-pending ShrinkChip Manufacturing Solution™ process (with current primary applications in biological/environmental sensing tools and full-spectrum solar cells). CEO of INKN, Mark L. Baum, noted the importance of the Company’s integrated FIGA (finance, industry, government and academia) model, which offers superior public…

ThursdayMay 06, 2010 11:42 am

China TMK Battery Systems, Inc. (DFEL.OB) Selects Prominent Mr. Jin Hu as CFO

China TMK Battery Systems Inc., founded in 1999 and well-known throughout the Peoples Republic of China (PRC) for manufacturing and distributing some of the finest multi-cell Nickel Metal Hydride (Ni-MH) batteries on the market from its facility in Shenzhen, today announced the appointment (effective May 1) of Mr. Jin Hu to the CFO position. China TMK batteries are characterized by an exceptionally high rate of discharge, and enhance the Company’s reputation for painstakingly developing customized, long-lasting rechargeable power solutions via tight integration with the client. President and Chairman of DFEL, Mr. Henian Wu, expressed his pleasure at retaining such an…

ThursdayMay 06, 2010 11:31 am

DG FastChannel, Inc. (DGIT) Reports Record First Quarter Results

DG FastChannel® Inc., the nation’s leading provider of digital media services to the advertising industry, with the largest network designed specifically for spot distribution, has reported record financial results for the first quarter ending March 31, 2010. Consolidated revenue for the first quarter 2010 increased 31% to $54.2 million, compared to $41.4 million for the same quarter in 2009. In addition, first quarter Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased 71%, to $24.1 million, compared to $14.1 million for the same quarter in 2009. First quarter net income was $8.0 million, or $0.32 per diluted share, compared…

ThursdayMay 06, 2010 10:46 am

Crown Equity Holdings, Inc. (CRWE.OB) Reports Improved Financials for First Quarter 2010

One company that has started to catch the attention of investors is Crown Equity Holdings, Inc. Located in Las Vegas, Nevada, Crown Equity is a consulting organization which provides and assists small business owners with the knowledge required to take their company public and provides stellar web-based advertising. Today, Crown Equity took a major step towards enhancing its future when they filed their Form 10-Q for the first quarter of 2010 stating the company’s financial condition. The first quarter of 2010 displayed a major financial improvement for the young company from the same quarter in 2009. In this year’s first…

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Month: May 2010