Blog - Page 3315 of 5442

TuesdayFeb 15, 2011 9:56 am

Green Technology Solutions, Inc. (GTSO.OB) Opens Office for Rare Earth Exports

Yesterday, Green Technology Solutions, Inc. and Rare Earth Exporters (REE) announced that they formed a joint venture to open a transport office in Mongolia for the purpose of obtaining rare earth mining claims in Asia. Former Soviet state Ulan Bator, the largest city and industrial capital of Mongolia, is a major transportation hub for the region, connected to Russia by the Trans-Siberian Railway. The venture between GTSO and REE will be utilizing this to export rare earth mining products to the Russian seaport of Vladivostok. GTSO obtains and develops clean mining technology for various partner clients, who then use it…

TuesdayFeb 15, 2011 9:53 am

Alto Group Holdings (ALTO.OB) Acquires Mineral Rights to Historic Mine

Gold is still hot. Perhaps not as hot is it was a couple months ago, but in the overall perspective of investments, analysts are still calling this a pullback and the trend should continue northward in the future. The good thing for mining companies is that operational expenses are not climbing near as fast as gold, leading to greater profits on each ounce pulled from the earth. New York, NY-based Alto Group Holdings, Inc. is an innovative mining and commodities trade company that had a huge spike in price per share in December 2010, but has since slid back near…

TuesdayFeb 15, 2011 9:40 am

OriginOil, Inc. (OOIL) Agrees to Participate in Pilot Scale Algae Project

OriginOil, Inc. has agreed to participate in a pilot scale algae project that the Mexican government will fund. The project will demonstrate industrial algae production. It will pave the way for substantial investment by the Mexican government in large-scale jet fuels production. Riggs Eckelberry, OriginOil CEO, said, "We are excited to support Mexico's 'Manhattan Project' to produce 1% of the nation's jet fuel from algae in less than five years. By the end of this decade, the project must produce nearly twenty times that amount, propelling Mexico to the front rank of bio-fuel producing nations. We pledge the full dedication…

MondayFeb 14, 2011 4:00 pm

Tianyin Pharmaceutical Co. Inc. (TPI) Posts Q2 FY2011 Financial Results

Tianyin Pharmaceutical Co. Inc., a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine, branded generics and other pharmaceuticals, today announced its financial results for the second quarter of fiscal year 2011. Revenue for the second quarter ended December 31, 2010, increased 69.6 percent to $25.3 million from $14.9 million in the second quarter of ended December 31, 2009. Cost of sales for the second quarter were $14.0 million, or 55.3 percent of sales, as compared to %7.2 million, or 48.3 percent of the sales quarter of 2009. Gross margin for the quarter ended December 31, 2010, was…

MondayFeb 14, 2011 2:45 pm

Kraton Performance Polymers, Inc. (KRA) Closes On Refinancing Deals

Kraton Performance Polymers, Inc. reported the closing of two recent capital market transactions with the proceeds used to refinance its existing debt obligations and provide additional liquidity for the company. Kraton Performance Polymers, Inc. issued $250 million senior notes in a private placement transaction with a group of institutional investors. The senior notes have a coupon of 6.75% and mature in 2019. The company said that due to strong interest from investors, the amount sold was raised from the original amount of $200 million. Kraton Performance Polymers, Inc. also secured a two part $350 million senior secured credit facility, including…

MondayFeb 14, 2011 2:44 pm

OXiGENE Inc. (OXGN) Enters into Collaborative Agreement with National Cancer Institute for Cancer Drug

OXiGENE Inc., a clinical-stage biopharmaceutical company focused on developing novel therapeutics to treat cancer and eye diseases, has entered into a cooperative research and development agreement with the National Cancer Institute's (NCI) Cancer Therapy Evaluation Program (CTEP) to collaborate on the conduct of a randomized phase 2 trial of OXiGENE’s ZYBRESTAT in combination with bevacizumab in patients with relapsed ovarian cancer. The goal of the trial is to determine if ZYBRESTAT, in combination with bevacizumab, will enhance anti-tumor effects and delay progression of the tumor compared to results of bevacizumab alone. The agreement calls for OXiGENE to provide ZYBRESTAT to…

MondayFeb 14, 2011 2:05 pm

Delta Oil & Gas, Inc. (DLTA) Gives Updates for Lonestar and King City, California

Delta Oil and Gas, Inc., the independent natural gas and oil company, recently reported to its shareholders an update on its King City and Lonestar, California prospects. On May 25, 2009, Delta Oil & Gas entered a Farm-out agreement with Sunset Exploration for the drilling and exploration of 10,000 acres of land in Monterey County, California. As terms of the agreement, Delta Oil will pay 66.67% of all costs expended in respect of the initial test well to earn a 40% Working Interest. On the wells, Delta agreed to pay 40% of the cost in order to earn a 40%…

MondayFeb 14, 2011 1:33 pm

Bohai Pharmaceuticals (BOPH.OB) Posts Record Q2 Results, Supported by Solid Sales and Chinese Government Support

Bohai Pharmaceuticals Group Inc., a China-based pharmaceutical company engaged in the production, manufacturing and distribution of Traditional Chinese Medicine (TCM) in China, today posted record second quarter fiscal 2011 financial results for the period ended December 31, 2010. Net revenues for the second quarter increased 32 percent to $22.2 million compared to the second quarter of 2009. Net revenues for the six months ended December 31, 2010, increased 27 percent to $39.2 million compared to the same period in 2009. Net income for the second fiscal quarter increased 100 percent to $6.5 million compared to the comparable quarter of 2009.…

MondayFeb 14, 2011 12:37 pm

Source Gold Corp. (SRGL.OB) Kicks Off 2011 Gold, Silver and Copper Exploration Program at Vulture Peak in Arizona, Roadmaps Canadian Operations

Source Gold, www.sourcegoldcorp.com – the mining and exploration firm currently focused on North America via substantial developments in Ontario and Arizona, today reported commencement of the planned 2011 exploration program at its Vulture Peak gold and silver property in Arizona. The wholly owned Vulture Peak claims are in Arizona’s beautiful Maricopa County near the town of Wickenburg. Lying adjacent to and encompassing much of the old Vulture Mine site, which historically produced some 390k oz Au and 280k oz Ag, the Source Gold claims consist of the: • Red Cloud claim, with existing mill and mine • Mohawk claims •…

MondayFeb 14, 2011 12:32 pm

Jamba Juice Inc. (JMBA) to Streamline Distribution to Midwest and Southeast United States

Jamba Inc. is a holding company which through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE stores. Jamba Juice is a leading restaurant retailer of better-for-you food and beverage offerings, including great tasting fruit smoothies, juices, teas, hot oatmeal, salads, sandwiches and other items. The company announced today that it has plans to form a supply chain distribution alliance with SYGMA, a national food service distribution company owned by Sysco (NYSE: SYY). The proposed alliance will enable Jamba to consolidate distribution channels and achieve greater efficiencies in their supply chain as well as position the company for…

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