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MondayMar 14, 2011 10:43 am

Tii Network Technologies Inc. (TIII) Acquires Frederick Fiber Optics

Tii Network Technologies Inc. is a leader in designing, manufacturing and marketing network products for the communications industry. Its products can be found throughout many telecommunication systems and are critical to the delivery of voice and broadband services. The company today announced it has acquired 100 percent of the stock of Frederick Fiber Optics for an undisclosed purchase price. The purchase price consists of an initial cash payment made from cash on hand and incentive payments based on the achievement of certain performance objectives over the next two years. Frederick Fiber Optics manufactures a wide variety of high performance fiber…

MondayMar 14, 2011 10:41 am

Elecsys Corp. (ESYS) Reports Strong Q3 FY2011 Performance

Elecsys Corp., a developer and manufacturer of machine to machine (M2M) data acquisition, telemetry, analysis systems and custom electronic assemblies for critical industries, today announced its financial results for the third fiscal quarter ended January 31, 2011. The company reported sales for the quarter at $6.10 million, a 29 percent increase over the $16.77 million reported for the third quarter of fiscal 2010. Net income was $262,000, or $0.07 per diluted share, for the third quarter of fiscal 2011, as compared to net income of $64,000, or $0.02 per diluted share, for the comparable quarter of 2010. Gross margin for…

MondayMar 14, 2011 9:11 am

PROLOR Biotech, Inc. (PBTH) Announces Expansion and Relocation

Located in NES-ZIONA, Israel, PROLOR Biotech is a clinical stage biopharmaceutical company that applies unique technologies to approved therapeutic proteins that generate billions of dollars in annual sales. Known for its patented CTP technology, PROLR Biotech has become a leader in their field. Today, the company took a major step towards prominence with the announcement of relation and expansion of their corporate offices and their R&D facility. The move, which is expected to be completed by April 15, will allow PROLOR Biotech to have an upgraded R&D facility that encompasses 10,000 feet of leased space. This larger building will allow…

MondayMar 14, 2011 9:06 am

3Power Energy Group (PSPW) Enters $50M Agreement

Friday, 3Power Energy Group, formerly known as Prime Sun Power Inc, announced that it was entering into a financing and security agreement with CR&P Holding for a $50 million secured loan. The proceeds generated by the loan will be used to finance projects that 3Power is embarking on while covering a portion of operating expenses, among other costs. 3Power is a producer of sustainable energy technology and resources, developing solar, wind and hydro technology with the goal of providing green energy to utility companies and corporations on a global level. 3Power intends to open offices in London, North America, Latin…

MondayMar 14, 2011 9:03 am

Uncertain Times Boost Earth Dragon Resources (EARH)

The recent catastrophe in Japan has again brought home the critical role of gold in the global economy. Historically, no single investment has played the role of safe haven in uncertain times more than gold, and uncertainty is, to one degree or another, ever-present. Gold has been seen as an especially powerful hedge since 2001. In the past 10 years, gold prices have roughly quadrupled, and the addition of events in Japan to the already volatile world political and economic situation assures continued upward pressure. Investing in gold exploration and mining companies has been seen as an inexpensive way of…

MondayMar 14, 2011 8:23 am

Ecologic Transportation, Inc. (EGCT) Announces QualityStocks Coverage

Ecologic Transportation, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, and Message Boards. QualityStocks is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report. Ecologic is focused on introducing environmentally friendly vehicles to a growing demographic of car rental customers who value the cost efficiencies and environmental benefits of green-powered transportation. The company's fleet consists of only environmentally friendly vehicles, positioning them as the only pure environmental car rental brand within the $42 billion automobile rental industry. Although Ecologic's main…

MondayMar 14, 2011 8:00 am

Thwapr, Inc. (THWI) is “One to Watch”

Thwapr, Inc. is focused on making mobile video sharing easy to use for both users and brands. The company enables users to get their moments moving and brands to mobilize and monetize content, extending distribution reach and the highest possible quality and user experience to virtually every device, network and carrier. Thwapr’s proprietary adaptive rendering technology allows brands to deliver rich video wrapped with graphical branding, providing an experience that is unrivaled today. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending technology is revolutionizing mobile video. Compatibility issues make the experience of sharing videos and photos…

MondayMar 14, 2011 7:41 am

BioDelivery Sciences (BDSI) Anticipates $15M Private Placement, Holds Conference Call to Discuss Key Items

BioDelivery Sciences International Inc., a specialty pharmaceutical company, recently announced it has received definitive commitments from institutional investors for a private placement financing with gross proceeds totaling $15 million. Per the securities purchase agreement, BioDelivery will sell an aggregate 4,807,693 shares of its common stock at a purchase price of $3.12 per share, a 10 percent discount to an agreed-upon volume-weighted average price of the company’s stocks. BioDelivery has allotted the financing toward the progression of the clinical development of its product pipeline, with a focus on BEMA Buprenorphine and BEMA Buprenorphine/Naloxone. Proceeds are expected to strengthen the company’s balance…

MondayMar 14, 2011 7:39 am

BioScrip Inc. (BIOS) Posts Q4 Results, Notes 2010 Challenges

BioScrip Inc., a national provider of specialty pharmacy and home care products and services, Friday announced 2010 fourth quarter and year-end financial results. Fourth-quarter revenue increased 31.9 percent to $450.4 million compared to $341.6 million for the same period a year ago. The increase was primarily driven by BioScrip’s CHS acquisition, which contributed $69.4 million during the fourth quarter of 2010. Consolidated gross profit for the fourth quarter of 2010 was $72.6 million, or 16.1 percent of revenue, compared to $41.9 million, or 12.3 percent of revenue, over the comparable quarter of 2009. The increase in gross profit percentage from…

FridayMar 11, 2011 4:54 pm

USA Recycling Industries, Inc. (VYGO) Announces LOI to Acquire 51% of Scrap Metal Auto Parts Export Business

This morning, USA Recycling Industries, Inc. announced it has signed a Letter of Intent to acquire a 51% interest in the scrap metal auto parts export business of Earth Metal Scrap USA, Inc, a New York Metropolitan Area based export firm with trading facilities in India and Dubai. The agreement specifies a closing date of no later than 14 days from the date of the Letter of Intent. USA Recycling Industries CEO, Vincent J. Smith, stated, "The Agreement with Earth Metal Scrap USA allows the Company to have significant access to end-users & considerable pricing advantages when negotiating within the…

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