Blog - Page 3415 of 5493

WednesdayDec 22, 2010 11:27 am

Two Longstanding Southeast Financial Institutions to Merge

Hancock Holding Company (HBHC), parent company of Hancock Bank, today announced its definitive agreement with Whitney Holding Corp. (WTNY), in which Whitney will merge into Hancock in a stock-for-stock transaction. The deal was approved unanimously by both companies' boards of directors and is expected to be closed in the second quarter of 2011. Per the agreement, shareholders of Whitney Holding will receive 0.418 shares of Hancock Holding common stock in exchange for each share of Whitney common stock. The value of each Whitney share would be $15.48 based on Hancock's closing price on December 21, 2010, of $37.04, a 42%…

WednesdayDec 22, 2010 9:58 am

No News is Good News for IntelliPharmaCeutics International Inc. (IPCI)

Toronto, Canada-based Intellipharmaceutics International, Inc. released news this morning to report that it has not received any notification, as provided for under the Hatch-Waxman Act, of any patent infringement proceedings by Wyeth Pharmaceuticals, the brand owner of Protonix® and wholly-owned subsidiary of Pfizer, Inc. (NYSE:PFE), for its application to bring to market a generic version of Protonix® (delayed-release pantoprazole sodium) tablets. Intellipharmaceutics announced in October 2010 that the FDA had accepted for filing its Abbreviated New Drug Application (ANDA) for its generic version of Protonix®. Per ANDA protocol, Intellipharmaceutics informed Wyeth that it had submitted paragraph IV certifications of invalidity…

WednesdayDec 22, 2010 9:15 am

XZERES Wind Corp. (XWND.OB) Announces Launch of Online Investor Relations Program

Located in Wilsonville, Oregon, XZERES Wind Corp. designs, develops, manufactures and markets distributed generation, wind power systems for the small wind market. Today, XZERES took a major step towards prominence with the announcement they have launched an online investor relations program with AGORACOM. The program was implemented in response to overwhelming data representing the online research and communications habits of small-cap investors. The program will include an investor relations community for current shareholders and online marketing through search engines and social networks. AGORACOM brings a wealth of credibility to XZERES as they are North America’s largest online investor relations firm…

WednesdayDec 22, 2010 9:04 am

China Organic Agriculture, Inc. (CNOA.OB) Appoints New Chairman and Chief Financial Officer

China Organic Agriculture, Inc. announced yesterday the election effective December 21, 2010 of Mr. Chunyan Liu as their Chairman, and Mr. Edward Zhang as their Chief Financial Officer. Mr. Liu and Mr. Zhang will replace Mr. Kyle Jiang and Mr. Shan Bo respectively, as Chairman and Chief Financial Officer. Mr. Qi Qian, CEO of China Organic Agriculture, Inc. said, “Both Liu's vision and solid experience in agricultural planning and decision making and Zhang’s relationships and extensive background in the financial markets will help the Company accelerate its growth and move to the next level. I’m glad to have them join…

WednesdayDec 22, 2010 8:58 am

GMX Resources (GMXR) Concludes Negotiations with Banking Syndicate

GMX Resources announced that the company has successfully concluded negotiations with its banking syndicate on issues involving the company’s senior credit facility. The company has a $250 million senior secured revolving credit facility with a group of lenders led by Capital One Bank. GMX Resources said that Capital One Bank has reaffirmed the company’s borrowing base at $130 million. This borrowing base is reaffirmed two times during each calendar year, with the next reaffirmation scheduled to be completed before April 2011. GMX Resources reported that a financial covenant in the credit facility was amended by Capital One Bank. GMX Resources…

WednesdayDec 22, 2010 8:54 am

Cimatron Ltd. (CIMT) Appoints Two New Distributors for Brazil

Yesterday, Cimatron Ltd. announced two distributors that have been appointed to serve the Campinas and Santa Catherina areas of Brazil. The company's further expansion into Brazil is expected to be announced shortly, when the company reveals additional distributors. Cimatron is a provider of CAD/CAM solutions for mold, tool and die producers, as well as parts manufacturers. Operating in over 40 countries, Cimatron's product line, including the CimatronE and GibbsCam brand of software, is utilized for many diverse purposes; from tool design to electrode design to tombstone machining. Cimatron's software is used by clients in such industries as automotive, aerospace, medical…

WednesdayDec 22, 2010 8:49 am

CDC Software (CDCS) Integrates Tracking Technology with OnAsset through Strategic Partnership

CDC Software Corp., a hybrid enterprise software provider of on-premise and cloud deployments, yesterday announced its partnership with OnAsset Intelligence Inc., a leading provider of machine-to-machine (M2M) wireless asset tracking, sensing and control solutions. Per the agreement, OnAsset will utilize CDC’s technology to provide enhanced wireless monitoring and sensor data for greater security and business intelligence during the transport of high-value freight. “Real-time asset management is a natural extension of running a smooth supply chain,” Bruce Cameron, president of CDC Software, stated in the press release. “We believe the combination of CDC’s technology with OnAsset’s products offer companies worldwide a…

TuesdayDec 21, 2010 3:14 pm

China Armco Metals, Inc. (CNAM) Updates Investors Regarding Metal Recycling Business

China Armco Metals, Inc., a distributor of metal ore and non-ferrous metals throughout the PRC, today told the investment community it anticipates producing and selling approximately 25,500 tons of recycled steel with an aggregate value of approximately $12 million in the fourth quarter of 2010. The company received orders for the recycled steel from five different customers. With the central government recently announcing that the power rationing for energy intensive industries and steel producers will be phased out, China Armco is optimistic about being able to operate on a full time basis in the near term. "We are encouraged by…

TuesdayDec 21, 2010 3:07 pm

Alanco Technologies, Inc. (ALAN) Subsidiary Receives $2.6 Million Follow-On GenTrak® Order from Major Refrigerated Container Shipping Company

Today before the opening bell, Alanco Technologies, Inc. announced that its subsidiary StarTrak Systems has been awarded a follow-on contract from a current major refrigerated container customer valued at $2.6 million for additional GenTrak® genset-based GPS monitoring systems and a five-year data services agreement. StarTrak has already begun shipping the ordered equipment and anticipates fulfilling the contract by February/March, 2011. The GenTrak® system allows the customer to track remaining fuel, operational status and location of genset-powered refrigerated containers. The system's data services enables StarTrak’s container customer to provide genset / reefer monitoring and management services to third-party shipping companies, allowing…

TuesdayDec 21, 2010 1:24 pm

Ivanhoe Energy Inc. (IVAN) Reports Major Natural Gas Discovery in China, 13 Million Cubic Feet per Day Initial Flow Rate

Ivanhoe Energy, www.ivanhoeenergy.com – has made a name for itself on the global stage as an independent heavy-oil development/production innovator, proudly announcing a major natural gas discovery in China today, with initial flow rates of 13M cubic feet per day. Jointly making the announcement were President and COO of Ivanhoe, David Dyck, Co-Chairman of Sunwing Energy Ltd. (Ivanhoe’s China-focused subsidiary), Robert Friedland and President of Sunwing, Gerry Moench. Dyck praised initial flow rates at the Yixin-2 well, which is situated within Sunwing’s approximately 660k-acre Zitong Block, in one of China’s oldest and most prolific gas regions, the Sichuan Province. The…

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