April 2011 - Page 17 of 26

MondayApr 11, 2011 12:41 pm

ValueVision Media (VVTV) Appoints 3 Industry Veterans to Leadership Team

ValueVision Media Inc., a premium interactive retailer via TV, Internet and mobile operating under the "ShopNBC" brand, Friday announced it has appointed three members to its leadership team to provide strategic counsel on technology, process engineering, merchandising and customer service initiatives. Through the appointment of the new members, the company’s goal is to drive incremental sales, improve operation performance and boost efficiency in the network's television, call center and customer service, Internet and mobile operations. "To support and expand our talented leadership team, we are adding three impressive industry players on a strategic consulting basis to focus on several key…

MondayApr 11, 2011 12:17 pm

PowerSecure International, Inc. (POWR) Provides Smart Charging Micro-Grid Solution to US Army

PowerSecure, www.powersecure.com – provider of a variety of energy and smart grid solutions, ranging from energy efficient street lights or commercial lighting products, to smart grid-ready Interactive Distributed Generation® systems, announced commissioning by the US Army today, Apr. 11, of a Smart Charging Micro-Grid (SCMG) solution at Wheeler Army Airfield in Hawaii. The system was designed from the start to provide US Army a remote location- and smart grid-ready power solution that offered breakthrough performance in the areas of fuel consumption, cost, reliability and safety. Incorporation of solar and optional wind resources into this combined technology platform, that enables electric…

MondayApr 11, 2011 12:04 pm

Mustang Geothermal Corp. (URXE) Launches New Website

Mustang Geothermal Corp. is a geothermal power company focused on discovering, developing and operating a geothermal power plant within three years. Geothermal energy is a renewable energy source and refers to the power generated using heat from the Earth's molten core. The company owns a 100% interest in 16,350 acres of federal geothermal leases in five project areas in the state of Nevada. In 2010, Nevada had 19 privately-owned geothermal power plants producing a total 2.06 million megawatt hours of renewable electrical power and valued at $268 million. This is equivalent to the power needed by approximately 180,000 households for…

MondayApr 11, 2011 11:05 am

Yongye International Inc. (YONG) Doubles Q1 Revenues in Preliminary Earnings Report

Yongye International Inc., a leading agricultural nutrient company in China, today reported its preliminary financial results for the first quarter ended March 31, 2011. First quarter 2011 revenues were $50.2 million, more than double last year’s first-quarter revenues of $24.9 million. The company attributes the increase in revenues to higher demand for the company’s products in its traditional markets as well as in several new markets. The results also reflect the increase in its independently owned branded stores to 26,006 as of March 31 compared to 24,036 reported at the end of 2010. Yongye said its year-end goal is to…

MondayApr 11, 2011 11:04 am

Flower Foods (FLO) and Tasty Baking (TSTY) Merger Expected to Drive Sweet Synergies

Shares of Tasty Baking Company soared more than 145 percent today after Flowers Foods announced it will acquire Tasty in a merger agreement worth approximately $165 million. Per the agreement, Flowers will acquire all outstanding shares of Tasty common stock for $4 per share; the transaction is expected to close in the second quarter of 2011. Flowers said it expects the Tasty acquisition will add approximately $115 million to $125 million to Flowers’ 2011 sales, contribute approximately $10 million to $12 million to Flowers’ 2011 EBITDA, and be neutral to slightly accretive to 2011 earnings per share, excluding one-time costs…

MondayApr 11, 2011 9:38 am

China GengSheng Minerals, Inc. (CHGS) Reports Minority Purchase

China GengSheng Minerals, Inc. reported that it has purchased a minority position in an industrial company located in China. China GengSheng Minerals, Inc. agreed to purchase a 24.5% owner ship stake in Yili Yiqiang Silicon Company for approximately $2.3 million. The company is a leading manufacturer of green silicon carbide, which is used as a raw material in the manufacturing of abrasive products sold by China GengSheng Minerals, Inc. The Yili Yiqiang Silicon Company is located in Xinjiang Province, and reported reserves of six million tons of green silicon carbide. The company currently has the ability to produce 16,000 metric…

MondayApr 11, 2011 9:36 am

UFood Restaurant Group, Inc. (UFFC) Expands Business with Locations at Salt Lake City International Airport

Located in Boston, Massachusetts, UFood has quickly developed a stellar reputation as a franchisor and operator of fast-casual food service restaurants. Today, UFood took a major step towards prominence with the announcement they have been selected to build two UFood Grills at the Salt Lake City International Airport in Salt Lake City Utah. The restaurants will be owned and managed by franchise Hojeij Branded Foods which is a boutique company specializing in airport food and beverage concessions to the nation’s top airports. The new restaurants are part of Salt Lake International’s revitalized concessions program. With already eight locations in Boston,…

MondayApr 11, 2011 8:45 am

Merge Healthcare Inc. (MRGE) Appoints Dr. Cheryl Whitaker as CMO

Friday, Merge Healthcare Inc. announced a new addition to its team. The health IT interoperability solutions provider has appointed Cheryl Whitaker, MD, MPH, FACP, to serve as the company’s first Chief Medical Officer. Previously, Dr. Whitaker was at the Chicago Community Trust where she directed the strategy and priorities for funds that support the health of the Chicago region. Recently, Dr. Whitaker received the distinction of being honored by Governor Quinn to join the Board of Directors of the Illinois Health Information Exchange Authority. Dr. Whitaker holds degrees from the Washington University School of Medicine and the Harvard School of…

MondayApr 11, 2011 8:32 am

Winner Medical Group Inc. (WWIN) Announces Attendance at INDEX 11 Exhibition in Geneva

Winner Medical Group Inc., a company that engages in the research, development, manufacturing, and the marketing of medical dressings and medical disposables, announced that it will be attending the INDEX 11 Exhibition. The Exhibition will be held in Geneva PALEXPO, Geneva, Switzerland, from April 12-15, 2011. The INDEX 11 Exhibition, one of the three most important professional nonwoven exhibitions in the world, has been held once every three years in Geneva since 1984 by the European Disposables and Nonwovens Association (EDANA). According to EDANA, all of the key contenders from around the world, from all levels of the industry and…

MondayApr 11, 2011 8:22 am

Force Energy Corp. (FORC) to Commence Exploration Program targeting Lithium and Rare Earth Minerals

Force Energy Corp. today announced plans to start a two-phase exploration program on the Zoro 1 property in the Snow Lake area of west-central Manitoba, Canada. The Zoro property hosts seven rare metal spodumene-bearing pegmatite dykes, six of which have only received cursory exploration. The main mass of spodumene discovered to date is exposed in a single pegmatite dyke exposed by seven trenches. Mineralization in this dyke has not been fully delineated and a recommended exploration program will assess the potential for more spodumene zones. The geological characteristics of the remaining dykes on the property will be determined by detailed…

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Month: April 2011