Blog - Page 3231 of 5436

TuesdayMay 10, 2011 9:25 am

Affymetrix Inc. (AFFX) Receives FDA Clearance for Gene Expression Technology

Affymetrix Inc. yesterday announced it has received U.S. Food and Drug Administration clearance for the addition of new gene expression reagents as accessories to the company’s GeneChip® Microarray Instrument System for in vitro diagnostic (IVD) use, positioning Affymetrix as the first company in the industry to provide a comprehensive microarray-based clinical toolkit for diagnostic test development, signature discovery for companion diagnostics, and translational initiatives. The Affymetrix gene expression platform is a comprehensive system used for enabling the development of clinical diagnostic tests. The company said the technology was designed to reduce development time by easing the regulatory burden and delivering…

TuesdayMay 10, 2011 9:24 am

Obscene Jeans Corp. (OBJE) Selects Shine Media for PR Representation

Obscene Jeans Corp. announced yesterday that it has selected Shine Media Corp. to provide product editorial placement, marketing and consultancy for the company’s denim fashion debut. Under the terms of the agreement, Shine Media will perform public relations and professional services for Obscene Jeans. Shine Media will meet with editors and stylists regarding potential editorials and celebrity placement of OBJE’s debut line. The PR firm will also help organize Obscene Jeans trunk shows, fashion shows and sampling to publicize the brand. “Shine Media is a major player in the fashion world, and we’re thrilled to have them on our team…

TuesdayMay 10, 2011 9:22 am

KongZhong Corp. (KONG) Publishes Paperman MMO in China

Yesterday, KongZhong Corp. announced that it would be signing a publishing agreement with Japanese video game producer Gamepot to publish the Japanese first person shooter (FPS)-based massively multiplayer online game (MMO) in the Chinese market. Paperman features Japanese-animation style characters that can become flat, like paper cut outs. Established in 2001, Gamepot is a producer of online video games and is a subsidiary of Sonnet Entertainment Corporation. KongZhong is a provider of digital entertainment services for the PRC, focusing on mobile and internet games as well as WVAS. KongZhong offers news, entertainment, community and mobile advertising services, and has been…

TuesdayMay 10, 2011 9:20 am

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

Harvest Natural Resources, Inc. issued an operations review of the company’s oil and gas exploration and development activity during the first quarter of 2011. The company is active in the United States, South America, Africa and Asia. Harvest Natural Resources, Inc. is operating four rigs on various properties in Venezuela and reported average daily production of 28,700 barrels of oil per day during the first quarter of 2011. Harvest Natural Resources, Inc. recently drilled and completed a well at the Isleno field in Venezuela. The company said that the ILM-8 well was the first at the field and tested at…

MondayMay 09, 2011 3:47 pm

Presstek Inc. (PRST) Posts Better-than-Expected Q1 Earnings

Presstek Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, today posted its first-quarter results for the three months ended April 2, 2011. Revenue was $31.9 million, down 7.6 percent compared to the first quarter of 2010. Adjusted EBITDA of $0.7 million reflects the company’s sixth consecutive quarter of positive EBITDA. The company had an operating loss of $1.2 million in the first quarter of 2011 compared to an operating loss of $0.3 million in the 2010 first quarter. Net loss from continuing operations was $1.5 million, or $(0.04) per share, compared to a…

MondayMay 09, 2011 3:44 pm

ChromaDex Corp. (CDXC) Harnesses the Power of Blueberries to Fuel Corporate Growth

Many small fruits carry a host of benefits for the human body with blueberries leading the pack in healthy qualities. Often termed the “superfruit,” they are packed with disease-fighting antioxidants; so much so that scientists at the U.S. Department of Agriculture ranked them at the top of the list in antioxidant activity when compared to 40 other fresh fruits and vegetables. Further, recent research at Texas Women’s University has determined that blueberries might ward off the development of fat cells, which could be used to combat obesity. ChromaDex, Inc., an innovative natural products company that provides proprietary, science-based solutions and…

MondayMay 09, 2011 3:30 pm

FINRA Rule 6460 Goes Effective Today; Greatly Benefits OTC Traders

Those who use Level2 (also known as L2) when trading on the Over-The-Counter (OTC) Market may have noticed a big difference today. Market makers (MMs) are now showing the full size of all limit orders since they no longer have the ability to mask the number of shares they are looking to purchase or sell. This rule was originally implemented for exchange-listed stocks in 1997, but was just today extended to the OTC marketplace. Now OTC traders will have the ability to see the true number of shares market makers are offering or willing to purchase, allowing the investment community…

MondayMay 09, 2011 2:11 pm

Far East Energy Corp. (FEEC) Appoints Coal Bed Methane Guru David J. Minor to Director of Operations

Far East Energy, with its world HQ in Houston, TX and satellites in key locations in China, is rapidly emerging as a top oil and gas developer, and is currently focused on domestic and Chinese coal bed methane (CBM) targets. The Company reported today, in conjunction with aggressive plans to continue to develop and expand CBM activity in China, the retention of noted CBM industry expert David J. Minor, who has been appointed to Executive Director of Operations and will report directly to President and CEO Michael R. McElwrath. McElwrath commented on the appointment and extolled the vast CBM experience…

MondayMay 09, 2011 1:57 pm

Simulated Environment Concepts, Inc. (SMEV) Plans a Worldwide Micro-Spa Empire

“My first day in business was phenomenal! The minute we opened we started making money. I’ve never seen anything like this!” What they’re talking about is, according to SE Concepts, the most powerful business tool in any business. Specifically, they’re describing the use of SpaCapsule®, the company’s all-in-one water massage and sensory stimulation system, as a source for making money. Testimonials, as we all know, are a dime a dozen, but SE Concepts insists that the above is the most typical testimony you will hear from all the owners of the Mall Retail-Kiosk Business, one of the company’s programs for…

MondayMay 09, 2011 1:38 pm

CUI Global Inc. (CUGI) Posts Q1 Improvements, 31% Hike in Earnings

CUI Global Inc., a platform company focused on the acquisition, development and commercialization of new, innovative technologies, today posted its unaudited financial and operational results for the first quarter 2011. • Revenues increased 31 percent to $10.0 million from $7.7 million in the same year-ago quarter • Net loss for the quarter decreased to $94,000 from $1.2 million in first quarter of 2010 • EBIDTA increased 292 percent to $553,000 compared to $141,000 in the same year-ago quarter The company attributes the improvements to its new products, enhanced sales efforts, and technology acquisition opportunities. “In the first quarter, we continued…

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