Blog - Page 3188 of 5440

WednesdayJun 22, 2011 11:11 am

Daybreak Oil and Gas, Inc. (DBRM) Secures Financing for Oil and Gas Project

Daybreak Oil and Gas, Inc. reported that the company has secured financing through a loan commitment agreement with an unidentified lender. The funds will be used to advance selected oil and gas projects under development as well as other corporate purposes. Daybreak Oil and Gas said that the loan is for $3.5 million and has a term of three years. The company is required to make monthly payments on the loan with interest calculated at a rate of 6% per year, and the full principal due at the end of the term. Daybreak Oil and Gas is pledging the company’s…

WednesdayJun 22, 2011 9:41 am

Solar Energy Initiatives, Inc. (SNRY) is “One to Watch”

Solar Energy Initiatives, Inc. is a developer of solar photovoltaic installations. The Company provides these services through their wholly owned subsidiary, SNRY Power. SNRY is a developer and manager of municipal and commercial scale solar projects. Solar Energy Initiatives, Inc. is based in Ponte Vedra Beach, Florida. The Company has a five-step vetting process for potential installations. Each one begins with a Project Evaluation and Assessment. If the assessment has good marks, the Company then proceeds into the site and financial review stage. Upon completion of that stage, they then proceed to a Letter of Intent (LOI) for the project.…

WednesdayJun 22, 2011 9:01 am

Inergetics, Inc. (NRTI) is “One to Watch”

Inergetics, Inc. is a leading developer of nutritional supplements for the Clinical Nutrition and Sports Supplement markets. The Company has established a line of Resurgex products. These consist of proprietary nutritional formulas, which a wide array of clinical patients and consumers use. Inergetics, Inc. has their headquarters in Paramus, New Jersey. The Company's products deliver healthful, whole-food calories and do not contain high-fructose corn syrup or corn oil. These ingredients have been shown to correlate with an increase in obesity and a promotion of insulin resistance, and they are implicated in inflammation and cancer. In addition, the use of high…

WednesdayJun 22, 2011 8:58 am

Local.com Corp. (LOCM) Appoints Mark Wallin as Vice President, Product Development

Today, leading online local media company, Local.com Corp., announced that Mark Wallin has been appointed to be the company’s new Vice President, Product Development. Local.com also announced that the company plans to expand its product portfolio for local businesses. These new initiatives are designed to help local businesses increase their online visibility and more effectively communicate with their customers and target audiences. Mr. Wallin will lead Local.com’s product development initiatives, including defining and refining their product strategies, processes and objectives. He also will orchestrate the launch of products intended to support the company’s growth. Wallin has more than 15 years…

WednesdayJun 22, 2011 8:54 am

Eagle Ford Oil & Gas Corp. (ECCE) Announces Acquisition of Sandstone Energy, LLC

Yesterday, Eagle Ford Oil & Gas Corp. announced that they acquired Sandstone Energy, LLC, in exchange for 17,857,113 shares of Common Stock of the Company. Following the acquisition, the shares issued to the former owners of Sandstone constitute 82 percent of the Company's common stock. Sandstone Energy, LLC was privately held until the acquisition. In connection with this acquisition, Paul Williams became the Chief Executive Officer, and Ralph "Sandy" Cunningham Jr. became the President and Chief Operating Officer, of Eagle Ford Oil & Gas Corp. In addition, Mr. Williams and Tom Lipar were added to the Board of Directors of…

WednesdayJun 22, 2011 8:50 am

Sky Power Solutions (SPOW) Enters Into Research and Development Phase for Residential Electric Power Station

Sky Power Solutions, a company that engages in developing rechargeable lithium-ion batteries for power production in the U.S., has announced that it has entered into the research and development phase to create a residential electric power station for retail sale capable of producing more than 2W in full sunlight. Electric consumption in the US has been increasing at a rate that will outpace the anticipated expansion of the US Electric Grid’s capacity and Sky Power Solutions is prepared to expand into the Residential Electric Power Generation market in order to allow users to generate and return 30-40% of the electricity…

TuesdayJun 21, 2011 2:42 pm

BioSolar, Inc. (BSRC) Awarded Application Approval for USDA’s BioPreferred Product Label

BioSolar develops technology designed to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic (PV) solar modules. The company today announced it has received approval for its application for USDA’s BioPreferred Product Label. The BioPreferred program has two major initiatives: certification and designation. USDA certifies and awards labels to products that meet the minimum certified bio-percentage of 45 percent out of a maximum of 95 percent. This is to drive increased consumer recognition of biobased products. USDA also designates categories of biobased products in relation to what Federal agencies look for when making purchasing decisions. The…

TuesdayJun 21, 2011 2:03 pm

ENSERVCO Corp. (ENSV) Purchases North Dakota Acreage, Prepares for New Operations Center

ENSERVCO Corp., a provider of well-site services to the domestic onshore oil and gas industry, today announced its purchase of several acres in Killdeer, ND, as well as its new construction contract on a new operations center in the Williston Basin’s Bakken Shale formation. The company said it expects the facility to be in operations in September and that it expects to break ground on the site this week. At its full working capacity, ENSERVCO will employ 30-35 employees, as well as a comparable number of service and construction vehicles. The facility will have a maintenance shop, equipment yard, multiple…

TuesdayJun 21, 2011 2:02 pm

Cytokinetics Inc. (CYTK) Initiates Enrollment for Phase II Clinical Trial of Lead Drug Candidate

Cytokinetics Inc., a clinical-stage biopharmaceutical company, today announced it has initiated enrollment for a second phase II clinical trial of CK-2017357, the company’s lead drug candidate stemming from the company’s skeletal muscle contractility program. CK-2017357 has been granted orphan-drug status by the United States Food and Drug Administration for the potential treatment of amyotrophic lateral sclerosis (ALS). The company anticipates enrolling about 24 patients to conduct the study at eight to ten study centers. The clinical trial is a double-blind, randomized, placebo-controlled trial focused on evaluating the safety and tolerability of CK-2017357 in patients with ALS. “We are pleased to…

TuesdayJun 21, 2011 2:00 pm

Cono Italiano, Inc. (CNOZ) Goes Microwave

The recent announcement by Cono Italiano, the North American license holder for the Italian pizza-in-a-cone concept called Pizza Cono, announcing plans for a microwavable version of the product, has caught the attention of more than just pizza lovers. That’s because the home convenience food market in North America is about as big as they come. It’s been a multi-billion dollar market for decades, but the ongoing economic downturn has added to its luster as being largely recession proof. As more consumers forego restaurants to eat at home, inexpensive convenience foods, such as frozen pizza, take center stage. However, although Cono…

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