Blog - Page 3540 of 5671

TuesdayFeb 22, 2011 8:16 am

First California Financial Group, Inc. (FCAL), the Holding Company of First California Bank, Acquires San Luis Trust Bank

First California Financial Group, Inc. announced late Friday that First California Bank assumed all of the deposits and substantially all of the assets of San Luis Trust Bank, effective at the close of business Friday, February 18, 2011, from the Federal Deposit Insurance Corporation (FDIC) acting in their capacity as receiver of San Luis Trust Bank. First California Financial Group, Inc. is the holding company of First California Bank. San Luis Trust Bank is a single branch community bank located in San Luis Obispo, California, serving the banking needs of businesses and individuals countywide since 1999. C. G. Kum, President…

TuesdayFeb 22, 2011 8:14 am

China Nuvo Solar Electric (CNUV.OB) Reviewing Acquisition Candidates

Recently, China Nuvo Solar Energy announced that it is seeking acquisition candidates in the solar energies sector to build shareholder value while enhancing China Nuvo's IP portfolio. No agreements have been made as of yet, but several potential candidates are being evaluated by China Nuvo. China Nuvo is a development stage company that currently owns (patent pending) solar and photovoltaic green technologies. Their business model is a roll-up strategy that, along with any acquisitions made in their current search, will combine many clean energy, green companies and IP, all within the renewable energy industry. China Nuvo does not guarantee that…

TuesdayFeb 22, 2011 8:12 am

Cray Inc. (CRAY) Awarded Contract for Supercomputer Project

Cray Inc., a global supercomputer provider, today announced it has been awarded a contract from the Swiss National Supercomputing Centre (CSCS) in Manno, Switzerland, to acquire a Cray XMT supercomputer. The announcement, made in conjunction with a CSCS-hosted workshop focused on large-scale data analysis, is Cray's first order for its next-generation Cray XMT system. CSCS is currently home to a Cray XT5 supercomputer nicknamed "Rosa" and was also the recipient of the first-ever Cray XE6 system. CSCS will use its next-generation Cray XMT supercomputer as part of a project called EUREKA, designed to address issues that require large-scale data analysis.…

TuesdayFeb 22, 2011 8:10 am

Cumulus Media Inc. (CMLS) Announces Proposal for Strategic Merger

Cumulus Media Inc., the nation’s second largest radio broadcaster based on station count, today announced that Cumulus and Citadel Broadcasting Corp. have entered into an exclusivity agreement in regards to a merger agreement in which Cumulus will acquire all of the outstanding common stock and warrants of Citadel for $37 per share. The merger of Cumulus, Citadel and CMP would provide Cumulus with approximately 120 U.S. markets, including eight of the Top 10 markets, bringing Cumulus’ station ownership count to 570 radio stations. The deal will also result in Cumulus having a balance sheet with lower overall leverage and simplified…

FridayFeb 18, 2011 4:34 pm

Yucheng Technologies Ltd. (YTEC) Posts Q4 and FY2010 Results

Yucheng Technologies Ltd., a leading provider of IT Solutions to the financial services industry in China, today posted its financial results for the fourth quarter and full year ended December 31, 2010. Total revenues for the fourth quarter of 2010 increased 212.8 percent to $21.9 million. Gross margin for the fourth quarter of 2010 was 50.6 percent, compared to 27.4 percent in the year-ago period. Total operating expenses for the fourth quarter of 2010 decreased 14.5 percent to $8.4 million as compared to the fourth quarter the year prior. Income from operations for the fourth quarter of 2010 was $2.7…

FridayFeb 18, 2011 12:58 pm

Medical Care Technologies Inc. (MDCE.OB) Provides Corporate Update, Discusses Key Developments Regarding Planned Rollout of Children’s Hospitals in China

Medical Care Technologies, www.medicaretechinc.com – developer of a full suite of products and services in China’s rapidly growing children’s healthcare clinic, healthcare delivery and wellness sectors, reported the successful return of MDCE President and CEO, Ning C. Wu, from a fact finding mission throughout Beijing and Hong Kong where she visited multiple state-run and private children's hospitals. In addition, a variety of strategically planned talks with high ranking health officials and leading professionals from the medical industry were held, helping to pave the way for the Company’s planned rollout of children’s health centers, planned to commence as soon as the…

FridayFeb 18, 2011 12:40 pm

PowerSecure International, Inc. (POWR) Announces Strong Marketplace Adoption for New Family of LED-based Street Lights

PowerSecure International, Inc., a leading provider for energy and smart grid solutions, recently announced that its new LED-based streetlights are seeing a strong adoption by utilities and municipalities in the marketplace. Over 30 electric utilities and municipalities have purchased PowerSecure’s new area light called “SecureLiteTM” in the past several months. SecureLite provides energy efficient, environmentally friendly, and a low maintenance alternative to the average 100-watt HID lighting. SecureLight provides a 67% reduction in energy usage in comparison to the traditional High Pressure Sodium area light, extending the lighting life by approximately 12 years and providing more reliability for reduced utility…

FridayFeb 18, 2011 12:36 pm

Pluristem Therapeutics, Inc. (PSTI) is Commercializing Profound New Approach to Therapeutics

There are so many significant developments occurring in the medical industry on a regular basis that it’s almost impossible for an investor to separate out those that are truly profound and have long term implications. Some companies, however, are doing things that are clearly in that camp, developing therapeutic approaches that could revolutionize the treatment and prevention of whole classes of diseases. Pluristem Therapeutics is a bio-therapeutic company working with what are called allogenic (unrelated donor-patient) cell therapy products. The company is creating a pipeline of products derived from human placenta, a non-controversial and non-embryonic adult stem cell source. These…

FridayFeb 18, 2011 10:20 am

Viking Systems, Inc. (VKNG.OB) Announces Expansion in Distribution Network

Today, leading producer of 3D and 2D visualization surgical solutions, Viking Systems, Inc. announced that the company has signed a distribution agreement with Universal Medicalcare to sell its new 3DHD Vision System in Mexico. Universal Medicalcare is a medical products distribution company whose parent company, Universal Cargo, is one of the leading logistics companies in Mexico. By teaming up with a company that has such a large presence in Mexico, Viking Systems is in a prime position to grow its presence and reputation in neighboring countries. Jed Kennedy, President and CEO of Viking Systems, remarked, "This agreement increases our footprint…

FridayFeb 18, 2011 10:18 am

Envision Solar International Inc. (EVSI.OB) Selected by Major California Utility for Solar Parking Array Designs

Envision Solar International Inc. is a leading global sustainable infrastructure planner and architect designer. The company provides strategic long-term solutions including comprehensive sustainability planning and optimizing designs for solar array structures. The company today announced that it has entered into a contract with a major California utility to design and engineer Envision Solar's Solar Tree structures for a showcase deployment of its architecturally beautiful structure. The project is centered in a high visibility innovative facility which will be open to the public. The approximately 80 kilowatt Solar Grove array will incorporate the company's Clean Charge CI electric vehicle charging stations.…

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