Blog - Page 3538 of 5743

TuesdayMay 10, 2011 9:20 am

Harvest Natural Resources, Inc. (HNR) Updates Oil and Gas Activity

Harvest Natural Resources, Inc. issued an operations review of the company’s oil and gas exploration and development activity during the first quarter of 2011. The company is active in the United States, South America, Africa and Asia. Harvest Natural Resources, Inc. is operating four rigs on various properties in Venezuela and reported average daily production of 28,700 barrels of oil per day during the first quarter of 2011. Harvest Natural Resources, Inc. recently drilled and completed a well at the Isleno field in Venezuela. The company said that the ILM-8 well was the first at the field and tested at…

MondayMay 09, 2011 3:47 pm

Presstek Inc. (PRST) Posts Better-than-Expected Q1 Earnings

Presstek Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, today posted its first-quarter results for the three months ended April 2, 2011. Revenue was $31.9 million, down 7.6 percent compared to the first quarter of 2010. Adjusted EBITDA of $0.7 million reflects the company’s sixth consecutive quarter of positive EBITDA. The company had an operating loss of $1.2 million in the first quarter of 2011 compared to an operating loss of $0.3 million in the 2010 first quarter. Net loss from continuing operations was $1.5 million, or $(0.04) per share, compared to a…

MondayMay 09, 2011 3:44 pm

ChromaDex Corp. (CDXC) Harnesses the Power of Blueberries to Fuel Corporate Growth

Many small fruits carry a host of benefits for the human body with blueberries leading the pack in healthy qualities. Often termed the “superfruit,” they are packed with disease-fighting antioxidants; so much so that scientists at the U.S. Department of Agriculture ranked them at the top of the list in antioxidant activity when compared to 40 other fresh fruits and vegetables. Further, recent research at Texas Women’s University has determined that blueberries might ward off the development of fat cells, which could be used to combat obesity. ChromaDex, Inc., an innovative natural products company that provides proprietary, science-based solutions and…

MondayMay 09, 2011 3:30 pm

FINRA Rule 6460 Goes Effective Today; Greatly Benefits OTC Traders

Those who use Level2 (also known as L2) when trading on the Over-The-Counter (OTC) Market may have noticed a big difference today. Market makers (MMs) are now showing the full size of all limit orders since they no longer have the ability to mask the number of shares they are looking to purchase or sell. This rule was originally implemented for exchange-listed stocks in 1997, but was just today extended to the OTC marketplace. Now OTC traders will have the ability to see the true number of shares market makers are offering or willing to purchase, allowing the investment community…

MondayMay 09, 2011 2:11 pm

Far East Energy Corp. (FEEC) Appoints Coal Bed Methane Guru David J. Minor to Director of Operations

Far East Energy, with its world HQ in Houston, TX and satellites in key locations in China, is rapidly emerging as a top oil and gas developer, and is currently focused on domestic and Chinese coal bed methane (CBM) targets. The Company reported today, in conjunction with aggressive plans to continue to develop and expand CBM activity in China, the retention of noted CBM industry expert David J. Minor, who has been appointed to Executive Director of Operations and will report directly to President and CEO Michael R. McElwrath. McElwrath commented on the appointment and extolled the vast CBM experience…

MondayMay 09, 2011 1:57 pm

Simulated Environment Concepts, Inc. (SMEV) Plans a Worldwide Micro-Spa Empire

“My first day in business was phenomenal! The minute we opened we started making money. I’ve never seen anything like this!” What they’re talking about is, according to SE Concepts, the most powerful business tool in any business. Specifically, they’re describing the use of SpaCapsule®, the company’s all-in-one water massage and sensory stimulation system, as a source for making money. Testimonials, as we all know, are a dime a dozen, but SE Concepts insists that the above is the most typical testimony you will hear from all the owners of the Mall Retail-Kiosk Business, one of the company’s programs for…

MondayMay 09, 2011 1:38 pm

CUI Global Inc. (CUGI) Posts Q1 Improvements, 31% Hike in Earnings

CUI Global Inc., a platform company focused on the acquisition, development and commercialization of new, innovative technologies, today posted its unaudited financial and operational results for the first quarter 2011. • Revenues increased 31 percent to $10.0 million from $7.7 million in the same year-ago quarter • Net loss for the quarter decreased to $94,000 from $1.2 million in first quarter of 2010 • EBIDTA increased 292 percent to $553,000 compared to $141,000 in the same year-ago quarter The company attributes the improvements to its new products, enhanced sales efforts, and technology acquisition opportunities. “In the first quarter, we continued…

MondayMay 09, 2011 1:27 pm

Yadkin Valley Financial Corp. (YAVY) Announces the Closing of Capital Raise

Yadkin Valley Financial Corp., a holding company for Yadkin Valley Bank and Trust Company that offers consumer and commercial banking services in northwestern North Carolina, officially announced the closing of a $6.4 million capital raise. "We are greatly encouraged by the extraordinary support we received from across our market area to include insiders, such as the Board, executives, and employees, and selected outside investors," said Joseph H. Towell, President and CEO of Yadkin Valley Financial. "This capital raise is part of Yadkin Valley's strategic plan to increase shareholder value, and we are very pleased with this progress in a difficult…

MondayMay 09, 2011 1:23 pm

Bacterin International Holdings Inc. (BONE) to Begin Distribution of Its Third Biological Scaffold

Bacterin International Holdings Inc. is the developer of revolutionary bone graft material and antimicrobial coatings for a number of medical applications. The company's proprietary methods optimize the growth factors in human allografts to create the ideal stem cell scaffold and promote bone and other tissue growth. The company announced recently that it is commencing distribution of Bacterin's third human acellular biological scaffold, hMatrix, an acellular dermal scaffold. It is an acellular matrix processed from donated human dermal tissue that is used to replace damaged tissue or repair, reinforce or support soft tissue defects. hMatrix retains the natural structure of dermis…

MondayMay 09, 2011 1:17 pm

Hondo Minerals Corp. (HMNC) Reports Update on Tennessee Property

Hondo Minerals Corp. issued an updated review on its mining activities at its properties in the United States, where the company is actively prospecting for gold, silver and other metals. Hondo Minerals reported that it has signed a purchase agreement for processing equipment in the amount of $2.4 million. The company estimates that the equipment has a fair market value of $4 million. Hondo Minerals said that the equipment is slated for use at the Tennessee Mine facility where the company is targeting gold, silver and zinc. The equipment will enable Hondo Minerals to process between ten and twenty tons…

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