Blog - Page 3376 of 5676

TuesdayAug 16, 2011 9:09 am

Dune Energy, Inc. (DUNR) Reports on Mid-Year Oil and Gas Activity

Dune Energy, Inc. issued a midyear operational update on the company’s oil and gas activities in the United States, where the company is active in the Gulf Coast area of Louisiana and Texas. Dune Energy reported that an updated reserves analysis indicated that the company had proved reserves of 79.3 Bcfe as of June 20, 2011. These proved reserves consisted of 5.4 million barrels of oil and 46.9 billion cubic feet of natural gas. Dune Energy said that the reserves analysis was conducted by DeGolyer and MacNaughton, a petroleum consulting firm, and was calculated using commodity pricing mandated by the…

TuesdayAug 16, 2011 8:31 am

Scorpex, Inc. (SRPX) Provides Additional Details of Financing Commitments

Scorpex, Inc. today provided investors with additional information regarding the debt financing commitments announced after the closing bell yesterday. Secured by the equipment, receivables, land and other assets of the Company, the loans are from two different sources for up to $35 million USD. Chief Executive Officer Joseph Caywood stated, “Unlike many other businesses who are struggling to finance operations, we have had no difficulty securing sufficient financing commitments. Having these commitments in hand within such a short time of signing the equipment agreement with IET demonstrates our ability to secure the financing necessary to continue executing our business plan.”…

TuesdayAug 16, 2011 8:23 am

Simulated Environment Concepts, Inc. (SMEV) Adds to Distribution Network; Expands in Canadian Market

Simulated Environment Concepts, Inc., the manufacturer and developer of medical, aesthetic, weight loss, wellness, and slimming equipment, announced before the opening bell today that it has increased market penetration in Canada with the installation of its flagship product at the Relaxation Station. "This particular installation did more than simply increase our distribution throughout a majority of the Canadian Provinces," emphasized Allen Licht, Chief Operating Officer of Simulated Environment Concepts (SE Concepts). "It further demonstrates just how immensely diverse our market really is, as well as the lengths and creative methods our customers will use, to provide the benefits of SpaCapsule's…

MondayAug 15, 2011 5:00 pm

China XD Plastics Company Ltd. (CXDC) Announces $100 Million Investment from Morgan Stanley Private Equity Asia to Expand Production Capability

China XD Plastics Company Limited, one of China's leading players engaged in the development, manufacture, and sales of modified plastics primarily for automotive applications, today announced that Morgan Stanley Private Equity Asia ("MSPEA") has agreed to make a $100 million equity investment for a significant minority ownership stake in the Company. The investment by MSPEA, one of the leading private equity investors in Asia, will help China XD Plastics to expand and further upgrade its production capabilities. MSPEA will also designate two members to be elected to the board of directors of the Company and the number of directors on…

MondayAug 15, 2011 4:05 pm

Scorpex, Inc. (SRPX) Announces Multiple Financing Commitments for up to $35 Million

Today shortly after the closing bell, Scorpex, Inc. announced that it has received financing commitments from two different sources for up to $35 million USD. According to the press release, the financing is contingent on the issuance of necessary permits that are anticipated to be granted to the Company in the near future. Chief Executive Officer Joseph Caywood stated, "Unlike many other businesses who are struggling to finance operations, we have had no difficulty securing sufficient financing commitments. Having these commitments in hand within such a short time of signing the equipment agreement with IET demonstrates our ability to secure…

MondayAug 15, 2011 2:14 pm

Citadel EFT, Inc. (CDFT) is “One to Watch”

Citadel EFT, Inc. provides credit card terminals and merchant account services to retailers in North America. The Company is an Independent Contractor for National Payment Processing. Their goal is to continue the expansion of their business through developing their web campaign, joining social networking sites such as Facebook and Twitter, and actively promoting their product. Citadel EFT, Inc. has their headquarters in Tustin, California. The Company has approximately 1,700 merchant-clients that use their terminals to process credit card transactions. This has allowed Citadel EFT, Inc. to be profitable, even in the Company's infancy. The Company principally makes their money on…

MondayAug 15, 2011 1:39 pm

Trunkbow International (TBOW) Posts Solid Increases in Q1, Positive Outlook for Future

Trunkbow International Holdings Limited, a leading provider of Mobile Payment Solutions (MPS) and Mobile Value Added Solutions (MVAS) in the People’s Republic of China, today announced financial results for its first quarter ended March 31, 2011. Revenue in the first quarter of 2011 increased 27.6 percent to $5.0 million compared with revenue of $3.9 million in the same period of 2010. Cost of revenue in the first quarter of 2011 was $0.6 million compared with $0.2 million in the same period of 2010. Gross profit increased 19.0 percent to $4.4 million compared to $3.7 million in the first quarter of…

MondayAug 15, 2011 11:59 am

Douglas Lake Minerals Inc. (DLKM) Zeros in On Multiple Gold Targets in Tanzania, Announces Drilling Program Start Date

Douglas Lake Minerals, a young, aggressive mineral developer currently heavily focused on its resource sites in Tanzania, issued an update report today detailing the ongoing exploration activities at one of the four sites being worked by the Company in Tanzania’s Handeni district. The wholly owned site (PL6743/2010) lies just east of Magambazi Hill in some of the Handeni district’s prime mineralization acreage. Extensive analysis of this and the other sites in the Company’s portfolio have culminated in the recent completion of a ground induced polarization/resistivity and ground magnetic geophysical survey spanning a grid some 4 sq km to the east/south/north…

MondayAug 15, 2011 11:55 am

GreenShift Corp. (GERS) Executes Agreement with Advanced BioEnergy LLC

Today, GreenShift Corp. announced that it has executed a license agreement with Advanced BioEnergy LLC. The company also reported on the successful commissioning of its patented corn oil extraction technology at Advanced BioEnergy’s 110 million gal/year ethanol plant in Fairmont, Nebraska. According to the agreement, GreenShift has designed and assisted Advanced BioEnergy with the construction of a system based on GreenShift’s corn oil extraction process. The system uses two Alfa Laval Disc Stack Centrifuges for maximum performance. The agreement also states that Greenshift will provide Advanced BioEnergy with ongoing technical support to maximize the performance and benefits of the new…

MondayAug 15, 2011 11:30 am

Patient Access Solutions, Inc. (PASO) Offers “Write” Answer to Healthcare Industry

Like most aspects of modern life, the healthcare industry depends upon the ability to efficiently gather, process, and protect information. In a tight-margin environment, the ability to acquire necessary data quickly and accurately can mean the difference between success and financial failure. In many industries, sophisticated data links are set up between client and supplier operations, ensuring smooth and effective data flow, with minimal human intervention. However, because of the unique customer-interface nature of the healthcare industry, handwritten documents still serve as the best way to capture patient information. This often requires transcription and manual database entry, and can also…

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