Blog - Page 3554 of 5553

FridayOct 01, 2010 12:43 pm

EarthLink Inc. (ELNK) to Acquire DeltaCom (ITCD.OB) for $516M

EarthLink Inc., a leading Internet service provider, and ITC^DeltaCom Inc., a leading provider of integrated communications services to customers in the southeastern United States, have inked a merger agreement in which EarthLink will acquire Deltacom for $3 per share in cash, for an aggregate value of approximately $516 million, including assumption of $325 million in debt. The deal will equip EarthLink with the resources to create a leading IP infrastructure and solutions company by integrating its existing ISP and IP-focused businesses with Deltacom's communications business. "As the demand for high-quality IP infrastructure continues to rapidly grow, we see a significant…

FridayOct 01, 2010 12:41 pm

MediaNet Group Technologies, Inc. (MEDG.OB) Names Mark Mroczkowski CFO

Located in Boca Raton, Florida, MediaNet has earned a stellar reputation as a global marketing company that sells high end branded merchandise to consumers through internet-based auctions conducted under the trade name “DubLi.com.” Today, MediaNet took another step towards prominence with the announcement they have appointed Mark Mroczkowski as their Chief Financial Officer. Mroczkowski will be responsible for MediaNet’s finance, accounting and treasury functions. In this capacity, Mroczkowski will work closely with MediaNet’s President and CEO Michael Hansen. Prior to being appointed to this position, Mroczkowski worked as a consultant for the company and his work ethic and reputation led…

FridayOct 01, 2010 11:17 am

RELM Wireless Corp. (RWC) Lands $3.2 Million in Military Orders

RELM Wireless Corp. announced yesterday that various branches of the U.S. military have generated orders for the company totaling roughly $3.2 million, to be fulfilled during the fourth quarter of 2010. The orders, for both domestic and international deployment, include products covering VHF, UHF, and 800MHz frequencies, with $2.7 million for RELM’s new P25 trunked portable and mobile radios. P25 compliance is based upon the APCO Project 25 requirements for interoperability among compliant equipment, regardless of manufacturer, the result largely of communication issues experienced during 9/11 and Hurricane Katrina. RELM President and CEO, David Storey, explained the significance of the…

FridayOct 01, 2010 8:55 am

AZZ Inc. (AZZ) Reports Mixed Results for Second Quarter of Fiscal 2011

AZZ Inc. reported an increase in sales for the second quarter of fiscal 2011 compared to the same period in fiscal 2010. The company also saw a decline in net income over the same period. AZZ Inc. had sales of $99.6 million in the second quarter of fiscal 2011, ending 8/31/2010. The company reported sales of $95.2 million in the comparable period in fiscal 2010. AZZ Inc. reported net income of $9.6 million, or $0.77 per diluted share, in the second quarter of fiscal 2011. In the second quarter of fiscal 2010, the company had net income of $11.1 million,…

FridayOct 01, 2010 8:50 am

Mesa Energy Holdings, Inc. (MSEH) Issues Operations Update on Oil and Gas Activity

Mesa Energy Holdings, Inc. issued an operations update on the company’s oil and gas activities in New York. Mesa Energy Holdings, Inc. is currently drilling test wells at the Java natural gas field located in Wyoming County, New York. The company intends to determine the potential of the Marcellus Shale and other formations on its acreage in the field. Mesa Energy Holdings, Inc. recently drilled and recompleted the Reisdorf Unit #1 well. The well was drilled to a depth of 1,380 feet and completed with a hydraulic fracturing operation. The company said that the Reisdorf Unit #1 well had a…

FridayOct 01, 2010 8:44 am

Trio-Tech International (TRT) Fiscal 2010 Revenue Increases 85% to $37 Million

Trio-Tech International is a diversified business group pursuing interests in semiconductor test and manufacturing, oil and gas equipment fabrication, solar products and real estate. Yesterday, the company announced results for its fiscal year and the fiscal fourth quarter of 2010. Revenues for the fiscal year ended June 10, 2010, increased 85% to $36,928,000. Net income was $0.11 per shares versus a loss of $0.46 a share last year. Revenue for the fourth quarter of fiscal 2010 tripled $12,874,000 compared to $4,328,000 in the same period of fiscal 2009. Net income for the quarter was $323,000 compared to a loss of…

FridayOct 01, 2010 8:43 am

Desmond Wheatley Appointed to Envision Solar International, Inc. (EVSI.OB) President and COO Positions

Envision Solar International announced today the appointment of Desmond Wheatley as President and COO. Wheatley has been a consultant of Envision since May of 2010. He will be assisting the CEO and Board of Directors in the development of company strategy and leading day to day activity in the company. With two decades of management experience in technology systems integration, as well as energy management, communications and renewable energy, Wheatley has founded and operated four profitable start-up companies, engaged in M&A activities and evaluated acquisition opportunities. He has also raised commitments of $500 million in debt and equity. Mr. Wheatley…

FridayOct 01, 2010 8:39 am

Tootie Pie Company Inc. (TOOT.OB) Pies Now Carried in Crescent Market

Tootie Pie Company Inc. announced yesterday that Tootie Pies are now carried in Crescent Market, an upscale grocer located in Oklahoma City, Oklahoma. The Crescent Market is located in Nichols Hills Plaza at 6409 Avondale Drive, close to the intersection of NW 63rd and North Western Ave. Said Don Merrill, President & CEO of Tootie Pie Company Inc., "A Gourmet Tootie Pie in a gourmet grocer is exactly the combination we are seeking. We are pleased to continue our expansion into upscale operations with the addition of Crescent Market, a recognized and valued gourmet grocer." The Store Manager of Crescent…

FridayOct 01, 2010 8:37 am

BCO Hydrocarbon (BCOZ.OB) Subsidiary Announces U.S. Patent Award, Details Functionality

Sauer Energy Inc. (SEI) is a BCO Hydrocarbon Ltd. (OTCBB: BCOZ) subsidiary that develops and produces home and enterprise scale vertical axis wind turbine (VAWT) systems. SEI yesterday announced that the United States Patent and Trademark Office has issued Patent Number U.S. 7798766 for the company’s wind turbine blade design. This patent covers the utility function of the company’s wind turbine blade design and its conversion of wind into useable energy. The patent is directly related to and extends the coverage of the company's first patent granted. As a “utility” patent, the company said it is considered more complex, comprehensive…

FridayOct 01, 2010 8:10 am

Vycor Medical, Inc. (VYCO.OB) Neurosurgical Retraction Technology Explained

A recent article featured on HCPlive.com profiled Vycor Medical, Inc. as Michael W. Weaver, MD, assistant professor of Neurosurgery, Temple University, explained the Vycor Medical's ViewSite Brain Access System (VBAS). Vycor has revolutionized retraction devices with VBAS as developments in such a critical aspect of brain surgery have not experienced any significant developments in over 50 years. This proprietary technology provides surgeons with a much more vivid view during operations while also moving brain tissue to focus on the target area in a way that is far superior and safer to the patient. The article explains that Vycor didn’t invent…

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