October 2010 - Page 14 of 33

TuesdayOct 19, 2010 8:12 am

Capital Bank (CBJC.OB) Posts First Quarterly Profit in Operating History

Capital Bank yesterday posted its third quarter 2010 operations results, reporting full-quarter profitability. The company nearly hit the $100 million asset barrier in 30 months of operations. "We have remained focused on the achievement of our business plan and the sprint for quality asset growth it contemplated to attain the economies of scale necessary to drive profitability. I am exceptionally pleased to report that we have achieved that goal as evidenced by our performance this past quarter. The prospects for ongoing growth and profitability are bright for our Bank, despite the ongoing challenges in the economy,” J.M. "Mike" Justice Jr.,…

TuesdayOct 19, 2010 8:10 am

BioSolar (BSRC.OB) Introduces BioBacksheet Product to Meet Market Demand

BioSolar Inc. develops breakthrough technology that produces bio-based materials derived from renewable plant sources. The company today introduced its bright-white BioBacksheet, created to meet feedback from prospective customers desiring such a product. Dr. David Lee, BioSolar’s CEO, said the company was able to meet market demands for its products without sacrificing quality. “While meeting with PV module manufacturers in recent months, we encountered an overwhelming preference for a bright-white colored BioBacksheet in lieu of the existing translucent design. For cosmetic reasons, as well as for its high-reflectivity which improves cell efficiency, manufacturers prefer a bright-white colored backsheet,” Dr. Lee stated…

TuesdayOct 19, 2010 8:04 am

Murphy Analytics Initiates Coverage of True 2 Beauty, Inc. (TRTB.PK)

Murphy Analytics announced today that it has initiated coverage on True 2 Beauty Inc., a California based manufacturer and distributor of sexual enhancement pills and liquids. Available to the public, the Initiation Report contains a detailed discussion of the company's business operations, market opportunity and competition, macroeconomic data and indicators, and risks. The Initiation Report is available at www.murphyanalytics.com/uploads/TRTB_Initiation. Analyst Patrick J. Murphy, CFA noted in the report: "The acquisition of Libigrow by TRTB was announced on 10/4/10 and the Company has begun the process of illustrating the market opportunity and detailing its operating and marketing strategies. Like many of…

MondayOct 18, 2010 2:08 pm

Cryo-Cell International, Inc. (CCEL.OB) Rejects Unsolicited Proposals

Today, the Board of Directors of Cryo-Cell International, Inc., one of the largest and most established family cord blood banks, confirmed that it has recently received inquiries from third parties interested in acquiring the company. Upon reviewing the inquiries, the Board determined them to be inadequate and not in the shareholders’ best interest. They unanimously rejected the inquiries and reaffirmed that it is not interested in selling Cryo-Cell at this time. Mercedes A. Walton, Chairman and CEO of Cryo-Cell International, stated that, "The Board believes that the indications of interest dramatically undervalue the Company and its growth prospects. Strategically and…

MondayOct 18, 2010 1:44 pm

Electric Car Company Inc. Enters Letter of Intent with Neah Power Systems Inc. (NPWZ.OB)

Electric Car Company Inc. is a vehicle conversion company that specializes in electric conversions and manufacturing for the livery, fleet and private specialty markets. It announced today that the company has executed a letter of intent with Neah Power Systems Inc. to negotiate a development and exclusive marketing agreement. Neah Power Systems is developing long-lasting, efficient and safe power solutions. The company plans to engineer Neah's unique fuel cells into its lower-cost “Pure Electric” vehicles. By combining the battery and fuel cell technologies, the typical travel range of the vehicle will increase from 50 miles to as much as 250…

MondayOct 18, 2010 1:07 pm

Geron Corp. (GERN) and Advanced Cell Technology, Inc. (ACTC.OB) Offering Hope to Paralysis and Stargardt’s Macular Dystrophy Patients

Earlier this month, a historic moment happened; human embryonic stem cells were used to treat a patient in Atlanta. Geron Corporation received the first United States Food and Drug Administration (“FDA”) license to use its stem cells and technology to treat a patient with a spinal cord injury at Shepard Center in Atlanta, Georgia to set precedent for what could be the beginning of the revolutionary, albeit controversial, age of stem cells as a therapeutic discipline. While details are still being kept undisclosed, Geron did state that “Shepherd Center is one of seven potential sites in the United States that…

MondayOct 18, 2010 12:27 pm

Garb Oil & Power Corp. (GARB.OB) Debuts its First Compact Refrigerator Waste Recycling Plant

Garb Oil & Power, www.garbop.com – a leading pioneer in the fields of tire recycling, OTR (Off the Road), E-Waste/E-Scrap processing, and Waste to Energy, with sophisticated applications of ClosedCycle™ technology and NoWaste™ residue, today introduced its first compact Refrigerator Waste (Scrap) Recycling Plant (turnkey sale price of some $4.69M). With an impressive throughput capacity of some 150 pieces/hour and a buyback agreement covering all throughput produced, the facility should prove to be a moneymaker. Like all Garb Oil & Power plants, this Refrigerator Waste Recycling Plant will be equipped with automotive level technology like the pre-shredders outfitted with the…

MondayOct 18, 2010 12:22 pm

Dune Energy, Inc. (DUNR.OB) Expands Drilling Operations in South Louisiana with Two Joint Ventures

Dune Energy, www.duneenergy.com – an independent oil and gas firm with primary operations in the Louisiana/Texas Gulf Coast region, announced today two new drilling joint ventures (JVs) in South Louisiana. President and CEO of DUNR, James A. Watt, pointed out how the new JVs would help to expose the Company’s shareholders to abundant opportunities within the exploratory framework of DUNR’s prospect base, and projected new reserves/production for 2011 and beyond should the JVs live up to their obvious potential. The first JV will be executed via DUNR subsidiary, Dune Properties Inc., in conjunction with two additional industry partners: • Garden…

MondayOct 18, 2010 12:19 pm

Micro Identification Technologies, Inc. (MMTC.OB) Continues with Strategic Expansion

Micro Identification Technologies Inc., creators of the MIT 1000 automated bacteria identification system, continues to move forward with its strategic plans for development, marketing, and production. The company has already been successful in lining up funding, a key first step in their staffing and marketing efforts. In addition, they’re in the process of readying production in preparation for increased demand. To date, there have been three primary developments: • MIT has successfully arranged a $5 million equity placement agreement with Boston-based Dutchess Capital, through its Dutchess Opportunity Fund. Among other things, this allows the company to expand its professional and…

MondayOct 18, 2010 11:05 am

Saratoga Investment Corp. (SAR) Reports Financial Results

Saratoga Investment Corp. reported an increase in net assets from operations of $6.7 million, or $3.27 per share, in the quarter ending August 31, 2010. The increase was due to both investment income and unrealized gains in its investment portfolio. Saratoga Investment Corp. reported net investment income of $2.5 million, or $1.21 per share, in the recently ended quarter. The company also reported a net gain on investments of $4.2 million, or $2.06 per share, for the quarter due to unrealized appreciation in parts of its investment portfolio. Saratoga Investment Corp. ended the quarter with a net asset value of…

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Month: October 2010