Blog - Page 3101 of 5581

TuesdayMay 15, 2012 4:31 pm

DecisionPoint Systems, Inc. (DPSI) Posts Q1 Revenue Increase, Trimmed Loss

DecisionPoint Systems, Inc., a provider of enterprise mobility and RFID systems, today posted its first-quarter results for the three months ended March 31, 2012, reflecting an increase in sales and a narrowed quarterly loss. Revenue was $17.8 million, compared to $12.8 million for the same period a year ago. Gross profit was $3.8 million, compared to $2.3 million for the same period of 2011; gross profit margin was 21.1%, compared to 18.2% for the same period a year ago. DecisionPoint reported a net loss of approximately $459,000, or a loss of $0.06 per share, compared to a net loss of…

TuesdayMay 15, 2012 1:30 pm

ProGaming Platforms Corp. (PPTF) Well-Positioned Amid Burgeoning Massive Multiplayer Online Gaming Industry

ProGaming Platforms has developed an ingenious framework for massive multiplayer online gaming that allows authenticated, head-to-head competitive play, with complete scoring, results, and stats. Able to function with almost any online skill game (and be licensed by any online gaming provider), the PPTF platform fuses pay-to-play online gaming with the ability for winners to receive monetary rewards, and all within a sophisticated architecture that prevents cheating and skill-level disparity, so that veterans cannot exploit novices (a common problem). Complete with a proprietary billing system that is simple and easy to setup with third-party gaming servers (as well as typical commercial…

TuesdayMay 15, 2012 11:40 am

Dynasty Limousine, Inc. (DNYS) Posts Record First Quarter Earnings

Moments ago, Dynasty Limousine, a full service Luxury Transportation and Limousine firm covering the southeast United States, released its quarterly report for Q1 2012. The period represents the best start in the company's 14-year history. Revenues, net profit, and assets were up over the same period one year ago. "Dynasty added many new vehicles to its fleet in the latter part of 2011 and this helped contribute to a great start in 2012," stated Pierce Fleming, Dynasty's CFO. "Our clients are excited about our new offerings, and we have plans to further upgrade our fleet and services throughout the year.…

TuesdayMay 15, 2012 10:44 am

Vision Industries Corp. (VIIC) Signs Green Truck Deal with $108 Million Potential

Vision Industries’ recent announcement that it has finalized a purchase order agreement with Total Transportation Services, Inc. (TTSI) represents a major step for the Gardena, California, company. Vision is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. The agreement with TTSI, one of the largest delivery carriers in Los Angeles and the Port of Long Beach, calls for an initial purchase from Vision of 100 Tyrano Class 8 Trucks, the nation’s first street legal zero emission Class 8 hydrogen/electric hybrid GVWR (Gross Vehicle Weight Rating) truck. The agreement also allows TTSI to purchase an…

TuesdayMay 15, 2012 9:44 am

Maxygen, Inc. (MAXY) to Receive $30 Million from Bayer Healthcare for Hemophilia Treatment Product Candidate

Maxygen announced that it will receive a $30.0 million payment from Bayer HealthCare LLC in connection with Bayer's clinical development of a recombinant factor VIIa product candidate for the treatment of hemophilia. Maxygen sold the recombinant factor VIIa product candidate (previously designated by Maxygen as MAXY-VII) to Bayer in July 2008 for an upfront cash payment of $90.0 million. The purchase included all of its other hematology assets. As of Monday, the additional $30.0 million contingent payment was based on the product candidate's further development by Bayer and was also subject to the satisfaction of certain patent related conditions -…

TuesdayMay 15, 2012 9:11 am

International Stem Cell Corp. (ISCO) Scientists to Attend Gene and Cell Therapy Meeting in Philadelphia and Present Pre-Clinical Research Results

International Stem Cell Corp. this morning announced that several of its leading scientists will be presenting experimental results from three of ISCO’s pre-clinical therapeutic programs at the 15th Annual Meeting of American Society of Gene and Cell Therapy, in Philadelphia at 3:30 p.m. on Thursday, May 17th. Firstly, the application of A9 dopaminergic neurons derived from human parthenogenetic stem cells (hpSC) for the treatment of Parkinson’s disease. Demonstrating functional dopaminergic neurons in vivo represents an important milestone towards the goal of creating well characterized populations of cells that could be used to develop a treatment for Parkinson’s. Secondly, the differentiation…

MondayMay 14, 2012 4:58 pm

VolitionRX Ltd. (VNRX) Completes $1M Financing to Begin Clinical Trials of Blood-based Diagnostics Tests

VolitionRX, a life sciences company focused on developing blood-based diagnostic tests, today announced it has raised $1.0 million through the closure of a private placement of 582,510 shares at $1.75 per share. The company will use the proceeds in part to fund clinical trials of VolitionRX's first NuQ™ test kits. The funds are allocated to initial clinical trials of VolitionRX's NuQ kits, blood-based diagnostic tests based on VolitionRX's Nucleosomics technology; as well as for ongoing capital needs. "We're delighted that we have raised over $1 million, which will allow us to begin clinical trials of our tests, both in-house and…

MondayMay 14, 2012 3:45 pm

Data Storage Corp. (DTST) Completes Phase I, II of Waltham Data Center Facility

Data Storage, a provider of cloud storage and cloud computing focused on data protection and business continuity solutions, today announced it has completed the first two phases of its three-phased expansion plan for its Waltham data center facility. The company says the phase 1 and 2 completions more than triple the company’s existing footprint with the additional installation of IBM's iSeries High Availability and Disaster Recovery server hardware and the new IBM iSeries Hosted Cloud solution. In addition to the added High Availability and Disaster Recovery capacity upgrades, the expansion also greatly increases the company's cloud-based offsite storage and data…

MondayMay 14, 2012 3:34 pm

GlobalWise Investments, Inc. (GWIV) Sees Partner Success Driving Triple-Digit Growth

GlobalWise Investments, through its wholly-owned subsidiary Intellinetics, provides cloud-based ECM (Enterprise Content Management) solutions to both public and private sectors in the U.S., and is now beginning to expand outside the country. In late April, the company announced a channel partnership with SOIN Integrales, a partnership that expands GlobalWise sales opportunities into Latin America. It’s just one of many partnerships that GlobalWise believes will result in triple-digit growth for the next several years: • May 2, 2012 – Channel Sales Partnership announced with eVero Corporation, opening up opportunities in the health and human services industries • April 17, 2012 –…

MondayMay 14, 2012 10:29 am

Gold Drops to 4 ½ Month Low on Euro Worries, Risk Off Trade

The risk off trade (sell everything) continued to extend to gold today as worries over the European debt crisis mounted. Continued political gridlock in Greece and problems in the Spanish banking system fed the doubts about the continent's economic viability and that of its currency, the euro, in its current state. Gold moved higher earlier this year, along with other riskier assets like stocks, as investors thought the euro crisis was receding. Spot gold hit a 4 ½ month low on Monday, dipping down to $1559.81 an ounce, its lowest point since December 2011. Gold closed in New York on…

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