October 2010 - Page 5 of 33

WednesdayOct 27, 2010 8:45 am

PHIGroup, Inc. (PHIE.OB) Subsidiary Updates Pointe91 Development Schedule

Yesterday, PHIGroup, Inc. released news that its subsidiary, PHILand Ranch Ltd., has submitted an updated implementation schedule to the Chu Lai Open Economic Zone Authority for its Pointe91 development project at Bien Rang, Vietnam. The company engages in the development of master-planned communities, residential and commercial properties, hospitality and healthcare services in Vietnam and Southeast Asia The 120-acre Pointe91 development is located on an exclusive and majestic bluff overlooking the South China Sea. Pointe91 will offer exclusive luxury accommodations including 227 grand private residences in seven separate communities, an exclusive five-star beach hotel and spa and 30 detached premium residences…

WednesdayOct 27, 2010 8:42 am

High Plains Gas, Inc. (NXPND.OB) Provides Update on Their Operations

Yesterday, High Plains Gas, Inc. announced an update on their operational activities in the Powder River Basin of Wyoming. Concerning the Dry Fork Project, the Company has secured the lease making up the Project in the Powder River Basin (PRB). High Plains Gas has drilled seven wells on the lease with three beginning to show gas. They own other wells in the area that have been producing gas for more than seven years. In addition to proven production, the Company maintains secure control of all gas flow around, to and from the Project. The initial phase of the Dry Fork…

WednesdayOct 27, 2010 8:34 am

Triangle Petroleum Corp. (TPLM.OB) Provides Comprehensive Corporate Update

Triangle Petroleum, www.trianglepetroleum.com – the independent oil and gas exploration and production firm with some 475k gross acres in Nova Scotia at the Windsor Block and another 13k net acres in the Williston Basin targeting the Bakken Shale/Three Forks, announced several new strategic initiatives in addition to an operational status update and 2011 projected drilling schedule. A joint venture with two Oppenheimer & Co, Inc. investment funds operating out of NY, OGR (Oppenheimer Global Resource Private Equity Fund I) and a related co-investment fund went into effect on the 22nd of this month. A $25M capital commitment from OGR directed…

WednesdayOct 27, 2010 8:31 am

Sohu.com Inc. (SOHU) Announces Solid Q3 2010 Results

Sohu.com, www.sohu.com – China’s top online brand, with a domain for just about everything from searching to gaming, integrates such a dizzying array of web properties, social media/community-based and web 2.0-driven entities at its main portal that it has become an indispensable hub of activity for the lives of millions of Chinese daily and it comes as little surprise that a recent announcement of unaudited Q3 (ended Sept. 30) financials set new records. Chairman and CEO of SOHU, Dr. Charles Zhang, beamed at the record quarter which posted solid revenue/gross margin growth in every one of the Company’s major business…

WednesdayOct 27, 2010 8:06 am

Uranium Energy Corp. (UEC) Announces Completion of $27.5 Million Financing

Uranium Energy Corp. announced today that, effective yesterday, it has completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the company, at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20. Each Unit consists of one common share of common stock and one-half of one transferable common stock purchase warrant of the company, with each such whole warrant being exercisable for one additional common share of the companyat an exercise price of $3.95 per warrant share for a period of one year from closing. Amir Adnani, president and CEO commented,…

WednesdayOct 27, 2010 8:01 am

True 2 Beauty Inc. (TRTB.PK) to Substantially Increase Production Capacity with Two Custom-Built 10-Line Packaging Machines

True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products, announced this morning that the "Libigrow" family of products has begun the first phase of its production capacity expansion, ordering two custom-built 10-line packaging machines. These machines, using Libigrow's proprietary process of packaging, will together be capable of producing 20,000 packages per hour; significantly increasing daily capacity. The first of the two machines is expected to be delivered by early 1Q 2011. With the current backlogs of orders, the company anticipates that the first machine will run 24 hours a day for 7 days…

TuesdayOct 26, 2010 2:39 pm

Folsom Lake Bank (FOLB.OB) Posts Third Quarter of Profitability

Folsom Lake Bank today announced its third-quarter results for the three months ended September 30, 2010, reporting its third consecutive quarter of profitability with income of $99,501. As of September 30, 2010, the bank reported total assets of $115.2 million, an increase of 25.5 percent over the year comparable quarter of 2009. Total deposits were $99.6 million, up 31.5 percent from the $23.8 million reported in the third quarter of 2009. Checking, money market and savings accounts increased 65.5 percent from $29.7 million to $49.1 million. The bank attributes its increases in its focus on customer satisfaction. "We have had…

TuesdayOct 26, 2010 1:42 pm

MiMedx (MDXG.OB) Optimistic Despite Q3 Let Down

MiMedx Group Inc., an integrated developer, manufacturer and marketer of patent protected biomaterial-based products, today announced its third-quarter 2010 results. For the three months ended September 30, 2010, the company reported revenues of $108,000 as compared to $0 for the third quarter of 2009. The company posted a net loss of $2.9 million, or $0.05 per diluted common share, for the third quarter, as compared to a net loss of $4.5 million, or $0.11 per diluted common share, for the comparable quarter of 2009. Stockholder's equity as of September 30, 2010, was $5.7 million, compared to $6.1 million as of…

TuesdayOct 26, 2010 1:40 pm

Community Bank System, Inc. (CBU) Expands New York Footprint, Moves to Acquire The Wilber Corporation

Community Bank System, the parent of two of the most well-known and localized banking operations in the US, Community Bank (Upstate NY) and First Liberty Bank & Trust (Pennsylvania), reported signage yesterday of a definitive agreement which results in the acquisition of Oneonta, NY-based Wilber National Bank’s parent company The Wilber Corporation (33 locations). The masterful CBU (some 150 locations), which already has multiple subsidiaries ranging from employee benefits administration and consulting to insurance and investment services among others, will pay a reported $101.8M in stock and cash ($9.50/share) to close the deal. Fusion of these two strong entities, each…

TuesdayOct 26, 2010 1:18 pm

Consorteum Holdings, Inc. (CSRH.PK) Updates Investor Community on Primary Initiatives

Consorteum Holdings, Inc. announced this afternoon that it has made notable progress in the three main areas of its current initiatives. The update quantifies the current status of these divisions as the company continues to move forward with its strategic business plan. In the release, Consorteum told investors it has expanded the Blue Sea Manning pilot initiative to include additional staff members, and is optimistic about the prospects of further deployments within the industry. The company anticipates presenting its results to other potential clients within the sea cruise staffing industry. The purpose of the pilot is to validate the effectiveness…

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Month: October 2010