Blog - Page 3486 of 5491

ThursdayOct 07, 2010 1:29 pm

Lightyear Network Solutions, Inc. (LYNS.OB) Finishes SouthEast Telephone Acquisition

Lightyear Network Solutions, www.lightyear.net – via its wholly-owned subsidiaries, is a leading US provider of broad spectrum telecommunications services from local PRI and digital T1 to wireless and VoIP. The Company announced a further expansion into this market today, completing acquisition of SouthEast Telephone Inc.’s business assets. The $7.2M value of the transaction represents an acquisition multiple of 0.22 times SouthEast’s 2010 annualized run-rate revenue, and should generate over $30M in annual revenue. Revenue over the six-month (ending June 30, 2010) was $16.4M (SouthEast) and $22.5M (LYNS), or a combined/annualized run-rate revenue of $77.8M ($76M net of pro forma adjustments…

ThursdayOct 07, 2010 1:28 pm

Synergy Resources Corp. (SYRG.OB) Continues to Expand Wattenberg/D-J Basin Footprint with New Acquisition

Synergy Resources, www.SYRGinfo.com – the domestic oil and gas firm with primary operations in the resource-rich Wattenberg field in the Denver-Julesburg Basin, where the Company has leased some 17,147 gross acres (11.5k net), reported acquisition of additional properties in the Wattenberg. The properties were acquired for $1,017,435 from PEM (Petroleum Management, LLC and Petroleum Exploration and Management, LLC) which is actually controlled by officers and directors of SYRG, Ed Holloway and William E. Scaff, Jr., and consist of: • Six Producing oil and gas wells, and Two Shut-in oils wells (100% Working Interest; 80% Net Revenue Interest in both) •…

ThursdayOct 07, 2010 1:25 pm

Genesis Electronics Group, Inc. (GEGI.OB) Explores Development of Solar Rechargeable Batteries

Genesis Electronics Group Inc. is focused on both current state-of-the-art technologies and those that are rapidly emerging with great potential to make a significant impact on society. One such technology is solar energy. The company announced today that it has initiated steps for the development of solar rechargeable batteries in commonly used standard sizes such as AA, AAA, C, D, 9V. In addition, Genesis Electronics will also develop as well other specialized sizes that have the potential for use by the military and scientific devices. These batteries, unlike other rechargeable batteries in the market, will not be dependent on a…

ThursdayOct 07, 2010 1:06 pm

VoiceServe (VSRV.OB) Appoints Long Supporting Member to Board of Directors

VoiceServe Inc. provides next-generation software platform services to Internet Telephony Providers (ITSPs). The company today announced the appointment of Andrew Millet to the company’s board of directors and chairman of the board’s audit committee. Voiceserve CEO Michael Bibelman said Millet supported Voiceserve in its early stages of development with critical expert financial guidance and that his service on the company’s board of directors will provide integral governance as the company pursues its expansion efforts. Millet is a fellow charter accountant with the Institute of Charted Accountants in England and Wales. He has an MBA from the Henley Management College of…

ThursdayOct 07, 2010 1:02 pm

Viking Systems, Inc. (VKNG.OB) Launches New 3D Technology, Inks Strategic Distribution Partnerships

Viking Systems Inc., a global developer and marketer of 2K and 3D invasive surgery applicable solutions, today announced the launch of its Next Generation 3DHD Visualization System, as well as several new distribution partnership agreements for the new system. The company unveiled its technology earlier this week at the American College of Surgeons Clinical Congress (ACS) in Washington, D.C., where the company said it received positive response and reaction from the numerous attendees that participated in hands-on demonstrations of the new system. Viking Systems reported that it received more than 500 requests from potential purchasers interested in follow-up information and…

ThursdayOct 07, 2010 10:15 am

Cannabis Science, Inc. (CBIS.OB) Video Chart for Thursday, October 7, 2010

A look at the 2-year chart of MMRF reveals that the price per share is at a historic support level as the chart appears to be making a very large double bottom. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayOct 07, 2010 10:13 am

Micro Identification Technologies, Inc. (MMTC.OB) Has a Long History

Micro Identification Technologies Inc. has made headlines as creator of the world’s only non-biological automated system for identifying bacteria, the MIT 1000. Few people, however, are aware of just how the company was formed. MIT has, in fact, a long history leading up to its groundbreaking invention. Micro Identification Technologies has its roots in a company called Electropure Inc., a producer of advanced water purification systems. Electropure was founded in 1972, and eventually went public in 1987. In 1998 the company formed a division called Laserpure, which would ultimately became Micro Imaging Technology (MIT). In 2000, Electropure created two wholly…

ThursdayOct 07, 2010 10:09 am

Insight Management Corp. (ISIM.OB) Announces Acquisition of Simply Constructed Inc.

Insight Management Corp. is focused on green technologies. The company's business plan is to acquire green technology service businesses with substantial revenues, profitable operations, established customers and proven management teams. The company announced today that it has successfully completed the acquisition of Simply Constructed Inc., a green prefabricated construction company. Simply Constructed is a revolutionary building and construction business which offers huge efficiencies in cost and waste cutting that has the potential to make the traditional home building method obsolete. More and more architects are incorporating modern designs into the prefabricated houses of today, which have come a long way…

ThursdayOct 07, 2010 9:35 am

Crimson Exploration Inc. (CXPO) Updates Texas Oil and Gas Development and Exploration Activities

Crimson Exploration Inc. issued an operational update on its oil and gas development and exploration activities. The company is targeting various conventional and unconventional basins in Texas. Crimson Exploration Inc. reported the completion of the Catherine Henderson A-8 well in Liberty County, Texas. The well was drilled to an approximate depth of 13,500 feet and targeted the Upper Cook Mountain formation. Crimson Exploration Inc. reported that the well was producing 13 million cubic feet equivalent per day, with a mix of natural gas, condensate and natural gas liquids. The company does not plan any further drilling here in 2010. Crimson…

ThursdayOct 07, 2010 9:32 am

Strategic American Oil Corp. (SGCA) Joins Forces with Chinn Exploration Company to Drill 3D Seismic Prospect in South Texas

With locations in Texas, Louisiana, and Illinois, Strategic American’s team of geologists and engineers have helped the young company evolve into a notable oil and natural gas and exploration company. Today, Strategic American took a step towards prominence with the announcement they have entered into a partnership to expedite the drilling of their 3D seismic prospect in Kenedy County in South Texas. Strategic American entered this partnership with the Chinn Exploration Company. Chinn Exploration is a fully licensed and bonded Texas oil and gas operator. The partnership is subject to approval by the project leaseholder. Preparations for drilling of the…

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