Blog - Page 3368 of 5676

FridayAug 26, 2011 9:23 am

GoldSands Development Co. (GSDC) Gives Peru Project Update

GoldSands Development, a gold exploration and development company active in proven gold bearing areas in northeastern Peru (GoldSands project), sees Peru as the perfect place to focus. The area is home to several proven deposits in the multi-million ounce range, with operations by the world's largest gold producing companies. The company’s stated goal is to fully develop the project, consisting of options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. Overall, the company has 52 mining concessions in northeastern Peru. GoldSands announced completion of a test mining production program, producing 2445g…

FridayAug 26, 2011 8:54 am

DryShips, Inc. (DRYS) Grabs Controlling Stake in OceanFreight (OCNF)

In a joint announcement, DryShips, Inc. and OceanFreight Inc. said that DryShips has acquired 3,000,856 shares of OceanFreight Inc., giving DryShips controlling interest in OceanFreight. DryShips came to this position via a complicated mix of cash and share swaps. The shares were acquired from entities operated by OceanFreight CEO Anthony Kandylidis, pursuant to a July 26 purchase agreement. DryShips paid $11.25 cash for each OceanFreight share, plus 0.52326 shares from its holdings of Ocean Rig UDW Inc., valued at par of $0.01 per share. In total, the deal cost DryShips $33,759,671.08 in cash and 1,570,226 shares of Ocean Rig stock.…

FridayAug 26, 2011 8:34 am

Athersys, Inc. (ATHX) Video Chart for Friday, August 26, 2011

ATHX bucked the trend of the markets Thursday and closed up by more than 7 percent giving credence to a chart trying to climb off a bottom. Support is established in the area of $1.80 with resistance coming into play near $2.20. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

ThursdayAug 25, 2011 7:58 pm

Guided Therapeutics (GTHP) Receives Grant to Assist in Commercialization of Cervical Cancer Detection Technology

Guided Therapeutics Inc. is developing a rapid and painless testing platform based on its patented biophotonics technology for the early detection of disease. The National Cancer Institute recently awarded the company $517,000 to fund the final year of a $2.5 million, three-year grant. The grant provides the company with the necessary resources to help commercialize and bring to market the LuViva(TM) Advanced Cervical Scan and Cervical Guide single-patient-use disposable. LuViva is a non-invasive device that provides immediate detection of cervical disease by scanning the cervix with light, instantly detecting and identifying cancer and pre-cancer. The technology is a stark contrast…

ThursdayAug 25, 2011 7:57 pm

Diversified Global Holdings Group Inc. (DGHG) Announces Financial Results for Six Months Ended June 30, 2011

On Thursday, Diversified Global Holdings Group Inc. announced their financial results for the six months ended June 30, 2011. The Company attributes their improved results, over the comparable period in 2010, to several successful acquisitions. Diversified Global Holdings Group Inc. is an expanding international holdings company with strong subsidiaries in emerging markets. Mr. Richard Lloyd, Chief Executive Officer and co-founder of Diversified Global Holdings Group Inc., stated, "Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of…

ThursdayAug 25, 2011 5:24 pm

Penson Worldwide, Inc. (PNSN) Sued In Class Action over Alleged Bogus Financial Statements

Stock clearing agent Penson Worldwide, Inc. (Nasdaq: PNSN) was sued over a basket of legal issues, including making false and misleading statements to inflate its stock price. The class action suit was brought by national law firm Levi & Korsinsky. According to the complaint, filed this week in United States District Court for the Northern District of Texas Dallas Division on behalf of purchasers of PNSN stock, Penson “issued materially false and misleading statements… and concealed from investors” the fact that much of Penson’s claimed receivables were poorly collateralized, or collateralized by illiquid customer assets. A large part of the…

ThursdayAug 25, 2011 2:08 pm

Tivus, Inc. (TIVU) Reveals the Future of In-Room Entertainment

According to Jeff Flaherty, a spokesman for Marriott International, the global hotel and resort operator and franchisor, “This new [TiVUS HD IPTV™] platform of Internet-based video-on-demand will facilitate our exit from the traditional hotel video systems…, and will also provide guests greater choice and control over what they watch”. It’s hard to get a firmer commitment and endorsement for a product. Tivus, a rapidly growing technology provider for the hospitality industry, provides a first-of-its-kind high definition Internet protocol television (IPTV) system to forward thinking hotels and resorts such as Marriott. The offering marks what many believe is the beginning of…

ThursdayAug 25, 2011 1:39 pm

CHDT Corp. (CHDO) Subsidiary Posts Record Performance for Three Straight Quarters on Strong Backlog and Constantly Evolving Product Portfolio

CHDT Corp.’s wholly-owned subsidiary, Capstone Industries, posted two performance records back to back for the last two quarters and is projecting another record for Q3, with year-to-date revenues and profits breaking through to new highs on the strength of a solid order backlog. Demonstrating the proficiency of South Florida-based CHDO, in handling the complex logistics of bringing innovative consumer products to North American markets via subsidiary Capstone Industries, Inc., Capstone has rapidly developed quite a reputation for specialized design, production and distribution of leading products like the Eco-i-Lite 6LED Power Failure Light and Pathway Lights® line of booklights and task…

ThursdayAug 25, 2011 11:32 am

First Internet Bancorp. (FIBP) Adds New Members to Mortgage Lending Team

First Internet Bancorp., a premier provider of online consumer and business banking services nationwide via First Internet Bank of Indiana, announced on Wednesday that it has doubled the size of its mortgage lending team in response to unprecedented growth in its mortgage lending business. The financial institution added seven account representatives and a second division manager, bringing its mortgage lending team to 16. David Becker, chairman and CEO, noted that the company's efficient nationwide Internet-based banking model enables it to offer some of the most competitive rates and closing costs in its industry. The success of First Internet's loan origination…

ThursdayAug 25, 2011 10:30 am

Longwei Petroleum Investment Holding Ltd. (LPH) Updates Fiscal 2011 and 2012 Operations

Longwei Petroleum Investment Holding Ltd. issued an operational update on its current business activities along with new guidance on sales and earnings over the next two years. Longwei Petroleum Investment Holding now expects sales in fiscal 2011 to be approximately $480 million, down 4% from the previous estimate. Net income is expected to be $65 million in fiscal 2011, adjusted for the company’s warrant derivative liability expense. The fiscal year ends on 6/30/2011. Longwei Petroleum Investment Holding has made a partial payment of $85.1 million towards the purchase of a fuel storage facility in Shanxi Province, China. The facility has…

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