April 2011 - Page 19 of 26

FridayApr 08, 2011 10:41 am

China GengSheng Minerals, Inc. (CHGS) Acquires One Fourth of Green Silicon Carbide Producer Yili Yiqiang, Secures Stable Supply for Growing Precision Abrasives Business

China GengSheng Minerals, one of China’s top producers of fracture proppants, fine precision abrasives, ceramics and high-temp monolithic refractories/vessel coatings, reported signing yesterday of an agreement whereby the Company will acquire 24.5% ownership of green silicon carbide (SiC) manufacturer Yili Yiqiang Silicon Company. Yili makes some of the best SiC around, a vital component for precision abrasive products and CHGS just started really ramping up its relatively new fine precision abrasives segment, which is already seeing huge business. That’s what makes this move by CHGS so shrewd, the Company is moving to expand its uptake footprint and capitalize fully on…

FridayApr 08, 2011 10:39 am

American Lithium Minerals (AMLM) Gets $500,000 Private Placement

American Lithium Minerals, a U.S. based mineral exploration company currently working on lithium and boron opportunities in Nevada, has announced a $500,000 private placement in the form of a secured promissory note. The note carries an annual interest rate of 4%, and is convertible into 1,851,851 common shares of the company, with a one-year warrant to purchase up to 1,851,851 additional common shares at $0.27 per share. American Lithium is primarily focused on identifying and developing lithium projects in Nevada and Utah, based upon the increasing demand for rechargeable lithium-ion batteries to serve the growing hybrid and electric car market.…

FridayApr 08, 2011 10:34 am

Harvest Natural Resources, Inc. (HNR) Updates Worldwide Oil and Gas Operations

Harvest Natural Resources, Inc. reported an update on its oil and gas exploration and development activities during the first quarter of 2011. The company is active in the United States, South America, Africa, Asia and the Middle East. Harvest Natural Resources, Inc. drilled and completed four wells on its properties in Venezuela, and reported average daily production of 28,700 barrels of oil per day during the quarter. This represented a 32% increase over the same quarter in 2010. In the United States, Harvest Natural Resources, Inc. signed an agreement to sell its oil and gas properties in Utah to Newfield…

FridayApr 08, 2011 10:31 am

How a Government Shutdown Would Affect Americans

One of the main stories on all the news outlets is the pending partial shutdown of the US government due to a budget stalemate between the Democrats and Republicans. The question many Americans have on their minds is how the shutdown would affect their everyday lives. Here's how government services would or would not be affected by the pending Friday midnight shutdown: • Mail – US postal operations are funded separately. So mail delivery will run as usual. • Benefits – Social Security payments will continue as usual. Applications will be processed, but at a slower pace than normal. Unemployment…

FridayApr 08, 2011 8:26 am

Bioheart, Inc. (BHRT): The Heart Failure Specialist

Bioheart, Inc. is a biotechnology company focused 100 percent on cell therapy products for the heart. Specialized as such and led by a team of industry experts, Bioheart offers a full-line of cell therapy products for heart failure to serve their clients and is in the midst of the largest clinical trial of its kind involving congestive heart failure patients. Bioheart’s flagship technologies, MyoCell and MyoCell SDF-1, are myoblasts or muscle stem cells that are intended to improve cardiac function months or even years after a patient has suffered severe heart damage due to a heart attack. The process involves…

FridayApr 08, 2011 8:22 am

WindTamer Corp. (WNDT) Lands Inaugural Order Received from New European Distributor

WindTamer Corp. announced recently that it has entered into an agreement with UAB WindTamer Europe for the exclusive distribution of WindTamer turbines and other products manufactured by the company in Lithuania, Latvia, Denmark, Sweden and The Netherlands. Concurrent with the agreement, the company said it received a first order and payment for two WindTamer 8.0GT wind turbines and one 4.5GT wind turbine. WindTamer CEO William A. Schmitz stated that he anticipates a minimum in orders of $1.5 million over the next year from UAB WindTamer Europe, which is a newly formed company and not an affiliate of WindTamer Corporation. Added…

FridayApr 08, 2011 8:19 am

DARA BioSciences (DARA) Reports 2010 Results and Corporate Overview

DARA BioSciences yesterday provided its 2010 annual report that was filed with the SEC on March 25, 2011 and provided a corporate overview. Highlights from the announcement included: • DARA receiving approximately $8.4 million in cash and funding commitments to continue the clinical development of its two leading drug candidates for which the Company believes provides them with sufficient cash to achieve the next series of key milestones during 2011. • Announcement of a Clinical Trial Collaboration Agreement with the Symptom Management & Drug Development, Community Oncology & Prevention Trials Group, Division of Cancer Prevention; National Cancer Institute (NCI) to…

FridayApr 08, 2011 7:39 am

Graymark Healthcare, Inc. (GRMH) Reports 107% Increase in Resupply Shipments for Q1

Graymark Healthcare, Inc., the nation's second largest provider of diagnostic sleep services and an innovator in comprehensive care for obstructive sleep apnea (OSA), today posted more than 100 percent increase in patient resupply shipments. In the first quarter of 2011, Graymark said it shipped 2,244 resupply packages relating to its Continuous Positive Airway Pressure (CPAP) machines, compared to 1,084 in the same year-ago quarter and 2,220 in the previous quarter. The company said the increase is due to a growing rate in the number of sleep studies performed through the company's higher margin outreach program. Sleep therapy setups also increased,…

FridayApr 08, 2011 7:38 am

Penford Corp. (PENX) Reports Quarterly Financials

Penford Corp., a leader in renewable ingredient systems for industrial and food applications, yesterday reported its second-quarter results for the quarter ended February 28, 2011. The company reported that its revenues increased 19 percent to $74.3 million from $62.3 million a year ago. Loss from continuing operations was $1.6 million, or $(0.13) per diluted share, for the quarter ended February 28, 2011, compared with a loss from continuing operations of $1.8 million, or $(0.17) per diluted share last year. Penford’s Food Ingredients segment reported record second quarter sales, up 9 percent from the prior year. The company attributes the increases…

FridayApr 08, 2011 7:36 am

China Gerui Advanced Materials Group Ltd. (CHOP) Posts Solid Q4, FY2010 Results

China Gerui Advanced Materials Group, a leading high precision, cold-rolled strip steel producer in China, yesterday announced unaudited financial results for the fourth quarter and full year ended December 31, 2010, posting increases across the board. Fourth-quarter revenue increased 15.6 percent to $66.1 million in the fourth quarter of 2010 compared to $57.2 million in the fourth quarter of 2009. The company reported its gross profit increased 15.4 percent to $19.6 million in the fourth quarter of 2010 from $17.0 million in the same period of 2009. Gross margin remained flat at 29.7 percent in the fourth quarter of 2010.…

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Month: April 2011