Blog - Page 3436 of 5675

ThursdayJun 09, 2011 8:23 am

Mexco Energy Corp. (MXC) Updates Texas and Louisiana Oil and Gas Activity

Mexco Energy Corp. reported an update on the company’s oil and gas activity on various properties in the United States. The company is active on a non-operated basis in Texas and Louisiana. Mexco Energy participated in a well recently drilled at the Fuhrman-Mascho Field in Andrews County, Texas. The company reported that the well targeted both the Grayburg and San Andres formations and was producing at an initial rate of 90 barrels of oil per day. Mexco Energy owns a 10.8% working interest and a 7.77% net revenue interest in this well, and reports that the leasehold has eleven additional…

ThursdayJun 09, 2011 8:21 am

Tivus, Inc. (TIVU) Announces Appointment of Phil Marriott to Its Executive Management Team

Tivus, Inc., a provider of high-definition Internet-protocol television (HD IPTV) technology to the hotel and hospitality industry, announced before the opening bell today that it has appointed Mr. Phil Marriott as executive vice-president of international and domestic sales. "We are delighted to have Phil join our executive management team," commented Shiva Prakash, Tivus' chief executive officer. "Phil will add an enormous amount of breadth and depth to our management team in the areas of international sales and marketing, finance and accounting, and the incubation of new companies. Moreover, his older brother, Doug Marriott, already serves on our Industry Advisory Board,…

WednesdayJun 08, 2011 5:05 pm

Regenicin, Inc. (RGIN) in Advanced Discussions with Developers to Establish New Facilities in Florida

Today shortly before the closing bell, Regenicin, Inc. announces it is in advanced discussions with various developers in the State of Florida to determine the most strategic location and best partners to establish research facilities. Sites presently being considered are world-class research and technology parks, which will allow Regenicin to collaborate with leading centers of excellence in the academic, research, and healthcare arenas. Regenicin is pursuing opportunities to lease new facilities that will not only accommodate the present demands for state-of-the-art lab space, but will also address the projected growth needs the company foresees as it executes its business plan.…

WednesdayJun 08, 2011 3:50 pm

American Eagle Energy Inc. (AMZG) Finishes Drilling Oil and Gas Well in Canada

American Eagle Energy Inc. reported that the company has completed the drilling of a well on its oil and gas leasehold in Canada. The company drilled the well in eighteen days and expects to begin completion operations in late June 2011. American Eagle Energy Inc. said that the Hardy 4-16 well was drilled to a vertical depth of approximately 11,500 feet and then finished with a horizontal well lateral of approximately 4,300 feet. The company will use a 29 stage hydraulic fracturing operation to complete the well and bring it onto production. American Eagle Energy Inc. said that the Hardy…

WednesdayJun 08, 2011 3:49 pm

BIO-key International, Inc. (BKYI) Stresses Seriousness of Security Breaches, Publishes Recent Survey Results

BIO-key International Inc., a global leader in finger biometric identification technology solutions, today announced the results of an opt-in survey that the company linked to in its recent Open Letter to Shareholders, Customers & Industry Leaders on the State of Security and Biometrics, discussing the risk and reality of recent security breaches among even big-name businesses. "… The outbreak of security breaches poses a threat to our nation's infrastructure; from business to government, everyone is at risk and it seems that we're simply waiting for a disaster before taking action. It's very concerning," Mike DePasquale CEO of BIO-key stated in…

WednesdayJun 08, 2011 2:13 pm

Shuffle Master (SHFL) Posts Record Q2 Revenue, Solid International Demand

Shuffle Master Inc., a gaming supply company, today announced its results for the second quarter ended April 30, 2011, posting record revenue and noting executive changes. Total revenue increased 18 percent to a quarterly record of $59.9 million, driven by recurring revenue growth in Utility and Proprietary Table Games, as well as significant sales of Electronic Gaming Machines. GAAP net income remained consistent at $7.9 million, or $0.14 per share, as compared to $0.15 in the year-ago quarter. Adjusted EBITDA was $19.0 million, up 5 percent compared to $18 million reported in the comparable quarter of 2010. Free cash flow…

WednesdayJun 08, 2011 2:09 pm

Rise in Money Laundering Fines Provides Opportunity to Premier Alliance Group (PIMO)

Premier Alliance Group, Inc. is a business and technology consulting firm focused on providing solutions for Fortune 2000 companies in the areas of regulatory, compliance, business performance, transformation, and information management. Under the U.S. Bank Secrecy Act (BSA) and certain modifying provisions of the Patriot Act, banking institutions must report daily aggregate transactions in excess of $10,000 for any customer and any suspicious activity appearing to be an attempt to evade the reporting requirement. Compliance is part of what Premier does for bank clients. The 2010 upsurge in fines levied by the government and increases in drug-money laundering with prepaid…

WednesdayJun 08, 2011 1:58 pm

Medisafe 1 Technologies Corp. (MFTH) Pays Off Note, Avoids $45k Dilution

Medisafe 1 Technologies Corp. shareholders received a ‘no-dilution’ gift Tuesday as the company announced early liquidation of a $45,000 promissory note, along with interest due. The note, which would have come due in July, bore 8% annual interest and could have been converted by the lender at any time, in whole or in part, into common stock. The enterprise is a developer of patented technologies that physically prevent unauthorized administration of prescription medications. Jerusalem-based Medisafe said in its announcement that the note had been incurred last October to “fund development of Medisafe 1's patented life-saving technology and to assist in…

WednesdayJun 08, 2011 1:54 pm

Augme Technologies Inc. (AUGT) Offers Q1 2011 Forecast, Reaffirms FY Guidance

Augme Technologies Inc., a technology and services provider in interactive media marketing, yesterday offered revenue guidance for its first fiscal quarter ended May 31, 2011, and reaffirmed its guidance for the full fiscal year ending February 29, 2012. Augme estimates revenue for the first quarter of 2011 at approximately $1.2 million, an increase of approximately 325 percent from the $286,323 recorded in the first fiscal quarter ended May 31, 2010. "A record first quarter is a great way to start our new fiscal year," Paul Arena, CEO of Augme stated in the press release. Arena noted that the total billings…

WednesdayJun 08, 2011 1:52 pm

U.S. National Debt Set to Outpace GDP

The U.S. national debt, currently approaching $15 trillion, continues to make headlines, the most recent one being that national debt will exceed the size of the U.S. economy this year, two years earlier than originally predicted by the Treasury. In other words, total public debt, the total obligations of the U.S. federal government, will exceed the GDP, the total market value of all final goods and services produced in the U.S. this year. It’s a prospect that sends chills through the halls of Congress, but it’s important to view it in the perspective of history. The gross debt to GDP…

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