Blog - Page 3467 of 5493

WednesdayOct 27, 2010 8:06 am

Uranium Energy Corp. (UEC) Announces Completion of $27.5 Million Financing

Uranium Energy Corp. announced today that, effective yesterday, it has completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the company, at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20. Each Unit consists of one common share of common stock and one-half of one transferable common stock purchase warrant of the company, with each such whole warrant being exercisable for one additional common share of the companyat an exercise price of $3.95 per warrant share for a period of one year from closing. Amir Adnani, president and CEO commented,…

WednesdayOct 27, 2010 8:01 am

True 2 Beauty Inc. (TRTB.PK) to Substantially Increase Production Capacity with Two Custom-Built 10-Line Packaging Machines

True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products, announced this morning that the "Libigrow" family of products has begun the first phase of its production capacity expansion, ordering two custom-built 10-line packaging machines. These machines, using Libigrow's proprietary process of packaging, will together be capable of producing 20,000 packages per hour; significantly increasing daily capacity. The first of the two machines is expected to be delivered by early 1Q 2011. With the current backlogs of orders, the company anticipates that the first machine will run 24 hours a day for 7 days…

TuesdayOct 26, 2010 2:39 pm

Folsom Lake Bank (FOLB.OB) Posts Third Quarter of Profitability

Folsom Lake Bank today announced its third-quarter results for the three months ended September 30, 2010, reporting its third consecutive quarter of profitability with income of $99,501. As of September 30, 2010, the bank reported total assets of $115.2 million, an increase of 25.5 percent over the year comparable quarter of 2009. Total deposits were $99.6 million, up 31.5 percent from the $23.8 million reported in the third quarter of 2009. Checking, money market and savings accounts increased 65.5 percent from $29.7 million to $49.1 million. The bank attributes its increases in its focus on customer satisfaction. "We have had…

TuesdayOct 26, 2010 1:42 pm

MiMedx (MDXG.OB) Optimistic Despite Q3 Let Down

MiMedx Group Inc., an integrated developer, manufacturer and marketer of patent protected biomaterial-based products, today announced its third-quarter 2010 results. For the three months ended September 30, 2010, the company reported revenues of $108,000 as compared to $0 for the third quarter of 2009. The company posted a net loss of $2.9 million, or $0.05 per diluted common share, for the third quarter, as compared to a net loss of $4.5 million, or $0.11 per diluted common share, for the comparable quarter of 2009. Stockholder's equity as of September 30, 2010, was $5.7 million, compared to $6.1 million as of…

TuesdayOct 26, 2010 1:40 pm

Community Bank System, Inc. (CBU) Expands New York Footprint, Moves to Acquire The Wilber Corporation

Community Bank System, the parent of two of the most well-known and localized banking operations in the US, Community Bank (Upstate NY) and First Liberty Bank & Trust (Pennsylvania), reported signage yesterday of a definitive agreement which results in the acquisition of Oneonta, NY-based Wilber National Bank’s parent company The Wilber Corporation (33 locations). The masterful CBU (some 150 locations), which already has multiple subsidiaries ranging from employee benefits administration and consulting to insurance and investment services among others, will pay a reported $101.8M in stock and cash ($9.50/share) to close the deal. Fusion of these two strong entities, each…

TuesdayOct 26, 2010 1:18 pm

Consorteum Holdings, Inc. (CSRH.PK) Updates Investor Community on Primary Initiatives

Consorteum Holdings, Inc. announced this afternoon that it has made notable progress in the three main areas of its current initiatives. The update quantifies the current status of these divisions as the company continues to move forward with its strategic business plan. In the release, Consorteum told investors it has expanded the Blue Sea Manning pilot initiative to include additional staff members, and is optimistic about the prospects of further deployments within the industry. The company anticipates presenting its results to other potential clients within the sea cruise staffing industry. The purpose of the pilot is to validate the effectiveness…

TuesdayOct 26, 2010 12:42 pm

China Integrated Energy, Inc. (CBEH) Closes on Purchase of Bio Diesel Plant

China Integrated Energy, Inc. reported that the company has closed on the acquisition of a bio diesel production facility located in China. The company said that it would increase production immediately from this facility. China Integrated Energy, Inc. said that the bio diesel facility is located in Chongqing City, China, and was purchased from Chongqing Tianrun Energy Development Co., Ltd. for $16.5 million, payable in cash at closing. The company said that it would fund the acquisition with cash on hand. China Integrated Energy, Inc. said that the acquisition will add $32 million in sales in 2011, and result in…

TuesdayOct 26, 2010 12:41 pm

Puda Coal, Inc. (PUDA) to Acquire Two Coal Mines in China

Puda Coal, Inc. announced that the company has agreed to purchase two coal mines located in China. The mines have extensive reserves of thermal coal. Puda Coal, Inc. said that Shanxi Puda Coal Group Co. Ltd., which is a 90% owned affiliate of the company, will pay $18.77 million for Sanmenzhen Xuhutuo Coal Mine Ltd., and $9.94 million for Daqi Coal Mine Ltd. Both mines are located in Pinglu County, Shanxi Province in China. The acquisition agreement covers tangible assets and mining rights at both locations. Puda Coal, Inc. agreed to pay half of the purchase price for each coal…

TuesdayOct 26, 2010 12:38 pm

Cord Blood America, Inc. (CBAI.OB) Provides Update for Stem Cell Collection Business in China

Located in Las Vegas, Nevada, Cord Blood is the parent company of CorCell which provides umbilical cord blood stem cell preservation for expectant parents with the corporate mission to be the most respectful stem cell preservation company in the industry. Today, Cord Blood announced it has taken another step towards becoming a stronger global power. The announcement explains that Cord Blood has joined forces with several parties to form a new company called China Stem Cells that will have Cord Blood CEO and co-founder Matthew Schissler serve as President of the new company. As for Cord Blood’s overall progress in…

TuesdayOct 26, 2010 12:18 pm

Uranium Energy Corp (UEC) Ready To Fill The Uranium Demand/Supply Gap

Uranium Energy Corp., rapidly gearing up to become one of America’s relatively few combination uranium developers and processors, is facing a seemingly insatiable market for the gray metal. Although uranium prices have been volatile, as new power plant announcements duel with investor predictions, Morgan Stanley now expects prices to increase a full 19% next year alone. And the long term demand for nuclear fuel is expected to continue upward, as the number of nuclear power plants steadily increases around the world, the result of the ongoing move away from fossil fuels. Over the next ten years, the number of nuclear…

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