Blog - Page 3302 of 5748

TuesdayMar 20, 2012 12:15 pm

Housing Permits Near 3 1/2 Year High

The latest piece of economic data suggests that the recovery of the U.S. economy continues to gather steam, even in the stagnant housing market. Permits for home building in February edged near a 3 1/2 year high. New building permits surged 5.1% to a seasonally adjusted annual rate of 717,000 units last month. This was the highest reading since October 2008 and exceeded most economists' expectations. Actual housing starts in February slipped 1.1% to a rate of 698,000 units, which was somewhat below expectations of 700,000 units. January's housing starts were revised upward a bit from 699,000 units to 706,000…

TuesdayMar 20, 2012 9:31 am

California Gold Corp. (CLGL) Provides Update on Mining Operations in Mexico

California Gold issued an operational update on its recent mining activities in Mexico, where the company has been developing an exploration program on properties prospective for gold and other minerals. California Gold plans to begin exploratory drilling at the AuroTellurio Project in April 2012. This project is located in Sonora, Mexico, near the city of Hermosillo, and is near to productive mines operated by other companies. California Gold said that the exploratory drilling program will consist of six core holes on the property, totaling 3,000 meters. The company has analyzed two recent geological surveys to find three prospective areas at…

TuesdayMar 20, 2012 8:12 am

GlobalWise Investments, Inc. (GWIV) Expanded Sales Strategy to Boost National Presence and Capitalize on Industry Trends

GlobalWise Investments and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation, and management of cloud-based Enterprise Content Management ("ECM") systems in both the public and private sectors, today discussed how the convergence of technologies in the ECM industry and cellular industries has created a "greenfield" opportunity within the Small and Medium Business (SMB) marketplace. While Intellinetics was an early pioneer in the ECM industry and has been in business since 1994, the past two years have been the most dynamic in the company's history. With the recent launch of the company's web-services based…

TuesdayMar 20, 2012 6:00 am

ProGaming Platforms Corp. (PPTF) Announces Development of Social 3D Flash Game to Showcase Gaming Platform and Capitalize on Advertising Opportunities

ProGaming Platforms, developer of a commercial multiplayer online gaming and reward processing platform, today announced that it is nearly finished with the development of an original social 3D flash game. According to the release, the R&D department is working vigorously to complete the integration of the company's new social 3D flash game with its advanced multiplayer online gaming and reward-processing platform. “This new project was designed to display the capabilities of the ProGaming Platform while exploiting opportunities within the online advertising industry; specifically, the rapidly growing sector of social media advertising, which is craving such a product,” commented Tamir Levinas,…

MondayMar 19, 2012 3:07 pm

Friendly Energy Exploration (FEGR) Focuses on Established, Low-Risk Oil and Gas Fields to Solidify Expanding Position in Domestic Oil and Gas Industry

Friendly Energy Exploration, an oil and gas E&P developer with a keen emphasis on low-cost recovery in Texas and Oklahoma via undeveloped reserves with minimal downside risks and substantial upside, recently reported that the company would be re-entering several dormant wells on the Byler Lease in TX’s Brown County. This comes quickly after the March 5 announcement regarding the company’s expansion in South Texas as part of its ongoing bid to research and develop regional resources while solidifying the company’s footprint in the state. Having picked up key leases in San Patricio County with extant producing wells and several shallow…

MondayMar 19, 2012 2:30 pm

SPAR Group, Inc. (SGRP) Posts Q4, Full-year 2011 Financial Results

SPAR Group Inc., a global supplier of retail merchandising and other marketing services, today announced its 2011 fourth quarter and year-end financial results. For the three months ended December 31, 2011, SPAR reported revenues of $23.6 million, a 26 percent increase compared to $18.7 million reported for the comparable period of 2010. International revenues for the quarter increased 55 percent to $13.4 million compared to $8.7 million for the same quarter of 2010. Fourth-quarter gross profit increased 11 percent to $7.3 million in 2011, compared to $6.6 million in the same period of 2010. Domestic gross profit margin was 36.5…

MondayMar 19, 2012 1:36 pm

BioShaft Water Technology, Inc. (BSHF) Wins Contracts in the Middle East

BioShaft Water Technology is a designer and manufacturer of domestic, municipal, and industrial wastewater treatment plants. Its worldwide patented systems eliminate sludge and the associated sludge components found in conventional wastewater treatment systems. In addition, the company's BioShaft systems reduce odors and cost much less than its rivals' systems. The company today reported the awarding of several contracts to install its innovative wastewater treatment and recycling systems in the Middle East. The countries awarding contracts to BioShaft include Saudi Arabia, Bahrain, and the United Arab Emirates. Specifics of the contract follow: • In Saudi Arabia's capital city of Riyadh, the…

MondayMar 19, 2012 1:31 pm

Recon Technology, Ltd. (RCON) Brings Revolutionary Baker Hughes Frac-Point, Multi-Stage Fracturing Technology to Sinopec

Today, Recon Technology, which has built a strong reputation within China’s burgeoning oil field services industry as a 10-year veteran, non-state owned, broad spectrum provider of ingenious software and field service equipment engineered to improve efficiency/automation, reported debut of the Baker Hughes Frac-Point™ Completion System 3 to Sinopec’s Zhongyuan oilfield (China Petroleum and Chemical Corp.) via one of the company’s variable interest entities, Beijing BHD Petroleum Technology Co., Ltd. This powerful horizontal fracturing technology allowed Sinopec to bring in a dense sandstone horizontal well which required multi-state fracking, thus placing BHD in a prime position to benefit off Sinopec’s continuous…

MondayMar 19, 2012 1:21 pm

Broadcast International, Inc. (BCST) Completes $6.9M Equity Financing

Broadcast International, a provider of video management software and services for next-generation video IP networks, today announced the completion of its private placement equity financing with a group of institutional and qualified individual investors for gross proceeds of $6.95 million, which the company plans on using for marketing purposes, as well as to reduce long and short-term debts. After paying financing-related costs, the company will have net proceeds of approximately $5.2 million. As part of its debt reduction strategy, Broadcast International paid $2.75 million in cash and 2 million shares of common stock to its senior convertible note holder in…

MondayMar 19, 2012 1:14 pm

3DIcon Corp. (TDCP) Appoints New CEO and Senior Technical Advisor

3DIcon announced today that it has restructured its management team. The company has appointed a new chief executive officer and a new senior technical advisor – both veterans of the display industry who have brought innovative new display technologies to the market. 3DIcon’s current CEO, Sidney Aroesty, has stepped down but will continue providing leadership to the company as a newly elected member of its board of directors. The 3DIcon board of directors has appointed Mark Willner, a display industry veteran, as the company’s new CEO. Willner brings to the company 30 years of product development, product commercialization, sales, entrepreneurial,…

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