Blog - Page 3557 of 5553

WednesdaySep 29, 2010 1:57 pm

Arkanova Energy Corp. (AKVA) Issues Operational Update

Arkanova Energy Corp. reported on the status of the company’s drilling activities at its oil and gas prospect in Montana. Arkanova Energy Corporation said that the company is currently drilling the horizontal portion of the Tribal-Max 1-2817 well. The well is located in Glacier County, Montana, at the Two Medicine Cut Bank Sand Unit. The Tribal-Max 1-2817 was drilled to a vertical depth of 3,579 feet and has now reaches a total measured depth of 5,238 feet. Arkanova Energy Corporation is targeting the Lower Cut Bank Sand formation at the Two Medicine Cut Bank Sand Unit. Arkanova Energy Corporation conducts…

WednesdaySep 29, 2010 1:53 pm

Payment Data Systems, Inc. (PYDS.OB) Moves to Fully Acquire Assets of Electronic Recovery Systems LLC

Payment Data Systems, www.paymentdata.com – the payment solutions provider bridging the gap for merchants, billers, banks, etc. via a sophisticated yet intuitive array of world-class payment acceptance products, reported signing of a Letter of Intent (LOI) to acquire 100% of Electronic Recovery Systems LLC’s (ERS) assets today. Chairman and CEO of PYDS, Michael Long, cited the leadership status of ERS in the ACH (Automated Clearing House) return processing market and its minimal personnel as shining indicators that this acquisition spells success for the Company and its shareholders, given a market niche that generates $1.2M in annual revenues and $300k in…

WednesdaySep 29, 2010 1:51 pm

Points International Ltd. (PTSEF.OB) Expands Continental Airlines Partnership, Allowing OnePass® Members New Exchange and Purchase Options

Points International, www.pointsinternational.com – the owner and operator of the world’s top loyalty reward program management site, www.Points.com – where consumers have unprecedented control over the management of points from over 25 leading rewards programs, reported today expansion of service to include Continental Airlines’ OnePass® frequent flyer program. Continental is the fifth largest airline on the planet, and the expansion of the relationship is very good news for Points.com, which is increasingly carving out an ever more dominant foothold in the sector as the undisputed master of points/mileage management solutions. Members can now freely exchange miles into other loyalty accounts…

WednesdaySep 29, 2010 1:48 pm

ProUroCare Medical, Inc. (PUMD.OB) Announces $3 Million Financing Agreement

ProUroCare Medical Inc. is a company which develops and provides innovative medical imaging products. The company's current focus is its proprietary ProUroScan prostate imaging system which is used to visualize and document abnormalities of the prostate gland in men. The company announced on September 28, 2010 the signing of an agreement for $3.125 million in equity financing with Seaside 88 LP. The funding will be provided in four tranches. The first closing, completed upon the signing of the agreement, provides $875,000 at a selling price of $0.625 per share. Subsequent closings are scheduled to provide $750,000 within 30 days following…

WednesdaySep 29, 2010 1:37 pm

Micro Identification Technologies, Inc. (MMTC.OB) Receives Additional Funding

Micro Identification Technologies Inc., creator of the MIT 1000, the world’s first and only non-biological automated system for identifying bacteria, announced today that it has entered into a securities purchase agreement with a privately held New York investment banking firm. The terms of the agreement call for an 8% note set to mature on May 18, 2011. In addition, the note is convertible into common shares, in total or in part, prior to the maturity date, commencing 180 days following the date of the note. The company will be hosting a Webinar 9/29/10 at 4:00 PM EDT (1:00 PDT) to…

WednesdaySep 29, 2010 8:30 am

Simulated Environment Concepts, Inc. (SMEV.PK) Goes Irish

As well as being the Director of the National Training Centre (NTC), Ireland’s leading education campus for health, fitness, and bodywork therapy, John Sharkey is the founder and developer of European Neuromuscular Therapy. He’s an experienced Exercise Physiologist and Neuromuscular Therapist, and works closely with the Irish Olympic Team. So when Simulated Environment Concepts Inc. first introduced their revolutionary SpaCapsule personal health and relaxation system to Ireland, John was one of the top professionals they knew they had to impress. John’s professional evaluation was unequivocal: “This is a great unit, there’s no doubt about it.” Even to a trained therapist,…

WednesdaySep 29, 2010 8:27 am

China North East Petroleum Holdings Ltd. (NEP) Reaches Agreement to Drill Wells in Inner Mongolia

China North East Petroleum Holdings Ltd. announced that the company has reached an agreement to provide oil drilling and other services at an oil field in Inner Mongolia. China North East Petroleum Holdings Ltd. said that Song Yuan Tiancheng Drilling Engineering Co. Ltd., which is the company’s oil services subsidiary, agreed to drill one hundred wells for Beijing Junlun Runzhong Technology Co. Ltd. China North East Petroleum Holdings Ltd. purchased Song Yuan Tiancheng Drilling Engineering Co. Ltd. in 2009, and has entered into six drilling agreements with various parties since then. The company has drilled a total of 142 wells…

WednesdaySep 29, 2010 8:09 am

Zoom Technologies, Inc. (ZOOM) Leimone Brand Sees Tenfold Guidance Increase

Zoom Technologies, a Chinese manufacturer of mobile phones, announced today that orders for its Leimone branded mobile phones continue to be strong in the second half of 2010. In response, Zoom is increasing its unit sales guidance for the brand by 17% - up from 600,000 to 700,000 - representing a tenfold increase from 2009. In the first half of 2010, Zoom sold approximately 128,000 Leimone branded phones, and in the second half of the year the company expects to sell 580,000, including 100,000 of a new 3G model. Being sold through both China telecom as well as other retail…

WednesdaySep 29, 2010 8:06 am

Integral Technologies, Inc. (ITKG.OB) Obtains 6th License on State-of-the-Art ElectriPlast(TM)

Located in Bellingham, Washington, Integral Technologies has made a name for itself in the marketplace as a developer of an innovative electrically conductive resin-based material called ElectriPlast (TM). ElectriPlast is a highly conductive recipe that can be molded into any dimension or shape associated with a wide range of plastics, rubbers and other polymers. Today, Integral Technologies took a major step towards prominence with the announcement they have obtained a 6th License Agreement for ElectriPlast. The License Agreement was not published to allow Integral Technologies to have a competitive advantage in utilizing ElectriPlast. The Licensee will use ElectriPlast to provide…

WednesdaySep 29, 2010 7:55 am

Nevada Geothermal Power Inc. (NGLPF.OB) Reports Results for Year Ending June 30, 2010

Nevada Geothermal Power Inc. (NGP) announced results yesterday for the year ending June 30, 2010. Gross margin for the year was $4.2 million and net loss increased to $18.0 million. Company highlights include the Faulkner 1 power plant start up October 10, 2009. A U.S. federal government cash grant was received ($57.9 million) during November 2009. Power production increased to average 37 MW by the fourth fiscal quarter. Highlights also include an application with John Hancock for a loan guarantee under the FIPP (Federal Institutions Partnership Program) and conditional commitment June 15, 2010. Nevada Geothermal Power Inc.’s President and CEO…

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