Blog - Page 3453 of 5558

MondayJan 24, 2011 9:09 am

LifeVantage Corp. (LFVN.OB) CEO David Brown to Focus Exclusively on Rapidly Growing Network Marketing Channel

LifeVantage Corp. announced on Friday that the Board of Directors and CEO Mr. David Brown have agreed to focus all of his efforts on continuing the rapid expansion of the Company's network marketing channel. Mr. Brown will work with a search committee to recommend a successor to assume corporate CEO and President responsibilities while he retains the title of CEO and President of the network marketing operations. Mr. Brown made the announcement before more than 1,000 distributors gathered at the Company's Elite Academy in San Diego, California. Mr. Brown will continue to serve as corporate CEO and President until a…

FridayJan 21, 2011 4:14 pm

Sunvalley Solar, Inc. (SSOL.OB) Continues to Crank Out Contracts in January

Walnut, California-based Sunvalley Solar, Inc. has put together quite a week; the type of week that would make many big board-listed companies smile and most of the OTC world jump for joy. Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipment, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. In the last six business days, Sunvalley has announced four significant new contracts. The most…

FridayJan 21, 2011 4:10 pm

CleanTech Innovations (CTEK) Secures Two New Contracts Worth $11M

CleanTech Innovations Inc., a U.S. company with primary operations in China, designs and manufactures high-performance clean technology products that promote renewable energy generation, energy savings and pollution reduction. The company today announced it has signed two initial wind tower supply contracts worth an aggregate $11 million with a subsidiary of China HuaNeng Group, the largest energy company in China. CleanTech said the contracts are integral to achieving its financial goals for the upcoming year, and noted that the company’s management and founders are prohibited from selling any shares in the next few years. "These two recent contracts represent approximately 50…

FridayJan 21, 2011 3:58 pm

Intellipharmaceuticals International (IPCI) Announces $12M Financing; Lays Out Allocation Plans

Intellipharmaceuticals International Inc. today announced it has received purchase agreement commitments from institutional investors to provide the company with approximately $12 million in gross proceeds through the sale of its common stock and warrants. The offering is expected to close by the end of January 2011, subject to regulatory approvals and other customary closing conditions. The company said the stature of the participating investors reflects the value of the company’s operations, and that it needs the funds to fulfill its business plans. Investors include H&Q Healthcare Investors (NYSE:HQH) and H&Q Life Sciences Investors (NYSE:HQL). "The quality of the healthcare investors…

FridayJan 21, 2011 2:33 pm

Axion International (AXIH.OB) Board of Directors Appoints New CEO

Axion International announced today that its current president and COO, Steve Silverman, will change roles to become the company’s new Chief Executive Officer. Effective immediately, Silverman will still retain his title as president. Jim Kerstein, Axion's current Chief Executive Officer and Chief Technology Officer, will continue as CTO. Mr. Kerstein remarked, “This is an exciting period for Axion. As we move into a high-growth phase of our development I am pleased to hand over the position of CEO to such a highly qualified management executive thereby allowing myself to focus on continued business and technology development. Steve's organizational management and…

FridayJan 21, 2011 12:38 pm

Idle Media, Inc. (IDLM.OB) Tags AdParlor to Handle Advertising Campaign for its Facebook Games

Idle Media, www.idlemedia.com – the developers of a variety of new media and interactive content, including some of the most popular online gaming via the Company’s wholly-owned operating companies, reported engagement today of AdParlor, Inc. for management/delivery of the Company’s array of pay-per-click ads on Facebook. The campaign will be focused on the Company’s hugely successful social gaming application for Facebook called Backyard Buddies, as well as the stand-alone online-delivered game Prison Block. With some 400M daily ad impressions (10B a month as of Dec. last year), delivering over 3M installs per month, AdParlor was selected by IDLM for their…

FridayJan 21, 2011 12:34 pm

Preliminary 2010 Unaudited Revenues for China Agritech Inc. (CAGC) Exceed Guidance

China Agritech Inc. is a leading organic compound fertilizer manufacturer and distributor in China. It has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The company sells its products to farmers located in 28 provinces in China. The company today announced preliminary, unaudited revenues for the fourth quarter and fiscal year ended December 31, 2010. Fourth quarter revenues were $41 million, compared to $21 million for the same period in 2009. Annual revenues for 2010 came in at $119 million, compared to $76 million in 2009 and above its guidance of expected…

FridayJan 21, 2011 12:32 pm

BIOLASE Technology, Inc. (BLTI) Continues to Soar on Launch Laser Technology Device

Shares of BIOLASE Technology Inc., the world’s leading dental laser manufacturer and distributor, are soaring for a second day after the company announced the launch of its Waterlase® iPlus™ System dual-wavelength all-tissue laser. The hype signifies the device’s status as the first major breakthrough in all-tissue laser technology since the Waterlase MD™ was introduced in 2005. The new iPlus can cut all tissue types twice as fast as current laser systems, with no pain or discomfort, and eliminates the risk of cross-contamination associated with conventional drills. BIOLASE’s iPlus not only addresses important needs for the next generation of laser dentists,…

FridayJan 21, 2011 10:51 am

Daulton Capital Corp. (DUCP.OB) Not Alone in Yukon Optimism

Daulton Capital Corp., a Nevada based finance company specializing in natural resource investments, is not alone in its growing confidence that the two major Yukon properties in which it holds 100% option interests will yield significant gold and other mineral wealth. When Rimini Investments released their earlier report on Daulton and the two properties, the company's share price was just over .13, and yet Rimini concluded an estimated long term target price of $2.06, issuing a Speculative BUY recommendation, incorporating estimated risks and not including some oil interests Daulton owns in other properties. The optimistic report was based partially on…

FridayJan 21, 2011 9:32 am

GMX Resources (GMXR) Reports 2010 Production and Reserves

GMX Resources issued an operational update on its oil and gas exploration and development activities for 2010. The company reported major increases in production and proved reserves from its properties in the Haynesville and Bossier Shale. GMX Resources reported production of 17.5 billion cubic feet of natural gas equivalents during 2010. This was a 30% increase from the 13.5 billion cubic feet of natural gas equivalents produced in 2009. GMX Resources said that during the fourth quarter of 2010, the company brought eight new wells into production. GMX Resources reported total proved reserves of 234.1 billion cubic feet of natural…

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