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WednesdayOct 19, 2011 4:30 pm

Sunesis Pharmaceuticals (SNSS) Announces $25 Million Tranched Loan Facility

Shortly after the closing bell today, Sunesis Pharmaceuticals, Inc. reported that it has secured a $25 million tranched loan facility. Under the terms of the loan agreement, Sunesis received $10 million upon closing, with the remaining $15 million available for draw at its discretion following the planned interim analysis of the VALOR trial by an independent Data and Safety Monitoring Board (DSMB), which is expected in mid-2012. The company intends to use the funds to support the clinical development activities related to VALOR, a Phase 3, multinational, randomized, double-blind, placebo-controlled, pivotal clinical trial of vosaroxin in combination with cytarabine in…

WednesdayOct 19, 2011 3:55 pm

Axion International Holdings, Inc. (AXIH) Recycled Structural Composite Technology Named a Top 3 Worldwide Innovation by R&D Magazine

Axion International Holdings, Inc., a leader in Recycled Structural Composite (RSC)™ technology used in producing railroad ties and bridges, announced today that R&D Magazine named the company’s I-beam design as one of the Top 3 worldwide innovations of 2011. The announcement came after receiving one of only three R&D 100 Editor's Choice Awards at the R&D 100 Awards Ceremony in Orlando, Florida on October 13th. For almost 50 years, the prestigious R&D 100 Awards have recognized the year's best new high-technology products. Determined by a panel of experts chosen by R&D Magazine, the award recognizes the most important innovations of…

WednesdayOct 19, 2011 3:51 pm

StrikeForce Technologies, Inc. (SFOR) Teams up with Veratad Technologies to Offer a Comprehensive Compliance Platform Nationwide for New FFIEC Guidance

StrikeForce Technologies, known for providing extremely robust online identity theft and data security measures, solidified a strategic partnership with online/real-time and batch identity verification, as well as knowledge based authentication (KBA) solutions provider Veratad Technologies, LLC to provide a comprehensive suite for financial institutions across the country, so that they can readily meet upcoming January 2012 FFIEC (Federal Financial Institutions Examination Council) compliance deadlines. The June 28, 2011 FFIEC, authentication in internet banking environments supplement, overhauled the 2005 guidance and strongly moves the risk management framework for the policy into a much stronger position from the standpoint of customer authentication…

WednesdayOct 19, 2011 3:48 pm

Location Based Technologies, Inc. (LBAS) PocketFinder GPS Released as Apple Store Exclusive

Location Based Technologies, Inc. today announced the availability of its PocketFinder GPS personal locator device. The device is currently available for purchase in the U.S. and Canada, exclusively at Apple retail stores. The device is able to work in conjunction with Apple's iOS devices via free apps that have been released on the iOS App Store. Currently, Location Based Technologies primarily produces the PocketFinder device. PocketFinder is described by LBT as rugged, waterproof, and highly portable, able to be carried in a pocket, purse or backpack. The device provides in real time the location of the device within ten feet.…

WednesdayOct 19, 2011 1:28 pm

NeoGenomics (NGNM) Posts Second Quarter of YoY Increases, Reiterates Swing to Profit Q4 Guidance

NeoGenomics Inc., a leading provider of cancer-focused genetic testing services, today reported its results for the third quarter 2011. The company reported quarterly revenue at $11.3 million, an increase of 30 percent compared to the $8.7 million reported in the third quarter 2010. Gross margin remained essentially flat at 44.8 percent in the 2011 quarter compared to 44.7 percent reported in last year's third quarter. NeoGenomics reported a net loss for the quarter of $143,000, or ($0.00) per share, compared to a net loss of $1.1 million, or ($0.03) per share, in the third quarter 2010. Doug VanOort, the company's…

WednesdayOct 19, 2011 1:10 pm

Strategic American Oil Corp. (SGCA) Blends Experience with Latest Recovery Technology

Strategic American Oil is a Houston based oil and natural gas exploration and production company acquiring oil and gas properties and companies with significant development potential. The company already has operations in Texas, Louisiana, and Illinois. Although supporters point most prominently to Strategic’s growing portfolio and unusually strong financial position, the company’s success to this point rests entirely on a leadership team that was essentially born and raised in the oil and energy industry. • Jeremy Driver (CEO, Director), a long-time oil and gas operations and financial professional, has held various leadership positions throughout the industry. Among his achievements was…

WednesdayOct 19, 2011 1:05 pm

Caldera Resources Inc. (CAEFF) Receives Exploration License in Armenia

Caldera Resources, Inc. reported that the company has received a mineral exploration license at the Marjan West Project area in the Republic of Armenia. The company is required to submit an exploration plan within five months of receiving the license. Caldera Resources said that the Ministry of Energy and Natural Resources issued Exploration License No. 106 to Biomine LLC, the company’s subsidiary in Armenia. The license covers nineteen square kilometers and has a term of five years. Caldera Resources said that the Marjan West properties have deposits of prophyritic tonalite, kaolinitic alteration and copper mineralization. The project is located in…

WednesdayOct 19, 2011 12:59 pm

Next One Interactive, Inc. (NXOI) Shows the Potential of Interactive Media

Next One Interactive sees itself as building the future of interactive media. The Florida based company is focused on video and media advertising over Internet and television platforms, through two divisions, media and travel. The company specializes in travel and real estate, offering targeted content via various digital platforms. Their stated mission is to create a targeted travel, real estate, and lifestyle programming network, with interactive advertising and transactional shopping components, utilizing cutting edge marketing and multi-media technologies. Next One covers broadcast, cable, satellite, broadband, and mobile media, with their newest venture, the full time R & R TV network,…

WednesdayOct 19, 2011 12:35 pm

Beacon Equity Research: Black Swan’s Nassim Taleb on OWS

In a display of cogent and rational thinking to what many have ascribed as ‘complex issues’ surrounding banker bailouts, Nassim Taleb, famed author of The Black Swan, told Bloomberg Television on Tuesday that, for him, the cause of the breakdown in the financial system is a simple one: reckless Wall Street practices are systemically protected by way of rewarding bankers for taking on ‘risk’ while government insures them against losses through the use of taxpayer money—thereby, de facto, creating a risk-free environment for bankers to gamble with bank deposits. And when the bankers lose the bet, government’s threat of force…

WednesdayOct 19, 2011 12:32 pm

Beacon Equity Research: FSI International (FSII) Q4 Earnings fall Sharply

FSI International Inc., a designer, manufacturer and marketer of equipment used in fabrication of microelectronics, reported a sharp decline in fourth-quarter net income primarily due to a change in product mix and costs related with initial product placements for customers. FSI’s net income for the fourth quarter of fiscal 2011 fell from $6.6 million, or $0.17 per share, to $1.8 million, or $0.05 per share. For the full fiscal year, the company saw its net income fall from $13 million, or $0.39 per share, to $8.3 million, or $0.21 per share. Don Mitchell, chairman and CEO of FSI, said that…

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