Blog - Page 3472 of 5556

ThursdayDec 30, 2010 10:29 am

QKL Stores Inc. (QKLS) Announces New Store Opening

QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store space. The company's 43rd store, located in Manzhouli City, Inner Mongolia, was opened today. Manzhouli is China's biggest inner land trade port with Russia. Located in the center of the business district, serving over 100,000 Chinese and Russian customers, this hypermarket occupies approximately 9,000 sq. meters of gross space and is the largest modern grocery store in the city. Mr.…

ThursdayDec 30, 2010 10:25 am

Compugen Ltd. (CGEN) to Receive $5 Million for R&D Initiatives

Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring mid-2013. Baize Investments' financial interest in the five molecules consists of the right to receive up to 10% of certain future payments received by Compugen from third parties in the…

ThursdayDec 30, 2010 9:45 am

IceWEB, Inc. (IWEB.OB) Reports Year End Results for Fiscal 2010

IceWEB, Inc., a leading storage technology company and provider of computing hardware, announced yesterday its financial results for the year ended September 30, 2010. John R. Signorello, CEO of IceWEB, stated, "Fiscal year 2010 was a year of many achievements and some disappointments. Early in the year, the company elected to re-invent itself by manufacturing and marketing state-of–the-art, storage appliances for cloud computing and other rapidly growing markets. After consultation with a number of storage VARs (Value Added Resellers), we determined a channel partner distribution system was key to our future success." Signorello added, "We were fortunate that a very…

ThursdayDec 30, 2010 9:34 am

True 2 Beauty Inc. (TRTB.PK) Announces $1.3 Million Order From North American Distributor

True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products in the United States, announced today that it has received its first order from Kretek International, totaling $1.3mm. Recently becoming the exclusive distributor of Libigrow and Libigirl for the U.S. and Canada region, Kretek International is beginning the process of building inventory and maintaining ongoing shipments to Libigrow's already established retail distribution network of over 6,000 convenience stores. "This order is just the beginning of our relationship; we are working diligently with Kretek's management team to create a strong national marketing campaign, including attendance…

ThursdayDec 30, 2010 9:27 am

Transgenomic, Inc. (TBIO.OB) Announces Acquisition of Clinical Data, Inc.’s Diagnostic Business

Transgenomic, Inc. announced yesterday that they closed the acquisition of Clinical Data, Inc.'s diagnostic business with a sale price of $15.5 million. The Company also has closed on $6.0 million of financing from Third Security, LLC, a leading life sciences investment firm, to fund the cash portion of Transgenomic's acquisition of Clinical Data's diagnostic business. This strategic acquisition provides Transgenomic, Inc. with proprietary genetic commercial tests that have an established revenue base, proprietary biomarker assays, an additional CLIA-certified laboratory operation and established test reimbursement and coverage policies that offer access to testing for an estimated 280 million patients. Commenting on…

WednesdayDec 29, 2010 4:45 pm

True 2 Beauty Inc. (TRTB.PK) Up 15.56% on All-Time Record Volume!

True 2 Beauty, Inc. closed today’s trading at $0.26, up 15.56%, on 1,555,998 traded shares, establishing a new all-time volume record! The stock’s 60-day average volume is 229,466 traded shares. On Monday, True to Beauty announced that the latest edition of In Touch Magazine features an article citing Britney Spears and boyfriend Jason Trawick as Libigow and Libigirl fans. A link to the article is available at the Libigrow website, www.libigrow.com Let us hear your thoughts: True 2 Beauty, Inc. Message Board

WednesdayDec 29, 2010 3:14 pm

California Gold Corp. (CLGL) Secures Financing to Fund Acquisition

California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target. California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to a select group of accredited institutional investors. The company sold 58.48 million units at a price of $0.025 per unit in two separate tranches, yielding approximately $1.46 million in proceeds. California Gold Corp. said that the 36.48 million units consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of…

WednesdayDec 29, 2010 1:55 pm

Solar Power, Inc. (SOPW.OB) Contracted to Build/Service Major New US Solar Plant, a 5 Megawatt Rooftop Installation in New Jersey

Solar Power, Inc., www.solarpowerinc.net – the aptly named developer of world-class solar modules, balance-of-system products and lifecycle-implemented total solar solutions, announced entry into a construction contract today to create a 5 MW (megawatt) rooftop system for the KTR Capital Partners-owned, White Rose, Inc. distribution warehouse located in Carteret, New Jersey. NuGen Capital Management, LLC and KDC Solar LLC, formed a joint venture which will own and operate the system, and selected SOPW as the EPC (engineering, procurement and construction) contractor, also tagging the Company for servicing/monitoring of the system. Because SOPW solar solutions come from a vertically integrated production pipeline…

WednesdayDec 29, 2010 1:08 pm

Cogo Group, Inc. (COGO) to Complete Acquisition Next Quarter

Cogo Group, Inc., a leading provider of customized module and subsystem design solutions in China, announced that it intends to acquire certain businesses of MDC Tech, Inc. The businesses will be merged into Cogo's existing Industrials business, which is currently the company's fastest growing business segment. A technology solutions and engineering services company with most of its operations in China, MDC Tech focuses on two of the fastest growing industrial markets in China: the Smart Grid roll-out and Medical Equipment. Anticipated to close in the first quarter of 2011, the deal will likely be an all-cash transaction of $22 million…

WednesdayDec 29, 2010 12:58 pm

Radient Pharmaceuticals Corp. (RPC) Inks 5-Year Agreement with Hong Kong Based Distributor

Through its subsidiary AMDL Diagnostics Inc., Radient Pharmaceuticals Corp. today announced it has entered into a full-service five-year exclusive distribution agreement with Hong Kong based Bio-Asia Diagnostics Co. Ltd. (Bio-Asia). This distribution agreement will enable Radient Pharmaceuticals to bring its Onko-Sure™ IVD cancer test into the Hong Kong healthcare market. According to the terms of the agreement, Bio-Asia will purchase at least 800 Onko-Sure® test kits. Bio-Asia will be responsible for providing marketing, sales, and distribution services to get Onko-Sure in major diagnostic centers, clinical reference labs, and hospitals in Hong Kong. Additionally, Bio-Asia will reach out to hospitals and…

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