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TuesdaySep 21, 2010 11:33 am

AmericanWest Bankcorporation (AWBC.PK) Appoints Joseph Marchese Chief Credit Officer

Located in Spokane, Washington, AmericanWest Bancorporation’s subsidiary AmericanWest Bank is a community bank with 58 financial centers located in Washington, Northern Idaho and Utah. Today, the company announced the appointment of Joseph Marchese as its Executive Vice President. Marchese is a renowned name in the sector and has a reputation for pioneering the turn-around and management of bank loan portfolios. A graduate of Florida International University, Marchese has over 25 years of lending experience in commercial banks ranging in size from $750 million to more than $250 billion. Recently, Marchese served as the Chief Credit Officer for the $1.7 billion…

TuesdaySep 21, 2010 9:35 am

Bullion Monarch Mining Inc. (BULM.OB) Receives First Royalty Payment from Newmont Mining’s North Lantern Mine and Updates Newmont Litigation

Bullion Monarch Mining Inc. announced yesterday that they received their first royalty payment from Newmont Mining's North Lantern Mine. This mine is in the gold rich Carlin Trend of Northeastern Nevada. This is the third mine operated by Newmont, the others being Leeville underground and East Ore Body, to produce inside Bullion Monarch's core royalty claim block. Bullion Monarch Mining receives, by contract, a one percent royalty on all production in this approximately five square-mile claim block. Bullion Monarch Mining has no projections for amount or duration of these new royalty payments. The Company has requested more detailed accountings of…

TuesdaySep 21, 2010 9:31 am

Sinobiopharma, Inc. (SNBP.OB) Announces FY 2010 Financial Results; 101% Increase in Revenues

Sinobiopharma, Inc., a fully integrated and highly innovative specialty pharmaceutical company focused on biopharmaceutical products in China, today announced its financial results for the fiscal year ended May 31, 2010. Highlights included a 101% year-over-year increase in total revenue to approximately $7.7 million, a 142% increase in gross margin to approximately $6.2 million, or 80% of sales, net income of $2.9 million versus the previous year's loss of $2.2 million, and EPS of $0.03 compared to $(0.03) for the same period 2009. Dr. Lequn Lee Huang, Sinobiopharma's Chairman and CEO, stated the following: "This has been a great year for…

TuesdaySep 21, 2010 9:15 am

Camelot Entertainment Group, Inc. (CMGR.OB) Announces Multi-Title Deal with DigiDreams Studios

Before the opening bell this morning, Camelot Entertainment Group, Inc. announced that Camelot Distribution Group has inked a deal for eleven of their recently acquired library titles with DigiDreams Studio. As terms of the agreement, DigiDreams acquired DVD rights for all of German speaking Europe. "Although a fairly young company, DigiDreams has tremendous insight into the demands and needs of the German-speaking market," explained Jamie Thompson, Camelot President of Distribution. "This bundle of sales is just another major step in exploiting the library as we get ready for the upcoming MIPCOM television market in Cannes." The titles include "Slaughterhouse Rock,"…

TuesdaySep 21, 2010 8:49 am

The Mobile Star Corp. (MBST.OB) is “One to Watch”

The Mobile Star Corp. focuses on introducing new interactive entertainment applications for the out-of-home consumer markets. The company's main product, a Karaoke Vending Machine, provides a unique personal karaoke experience designed by recording studio professionals. With ease of use and affordability in mind, the system enables anyone to record their own digital music CD using the song of their choice. The Vending Machine is similar in size and form to the highly-popular photo booths seen in shopping centers, amusement parks, pubs and other tourist attractions. Customers enjoy a studio recording experience while the fully automated system captures the performance. Once…

MondaySep 20, 2010 1:38 pm

Attunity Ltd. (ATTUF.OB) Enhances Performance and Announces Availability of CDC and Data Replication Software

Attunity Ltd. provides real-time data integration and event capture software for organizations around the world. The company today announced new performance enhancements to its change data capture (CDC) and data replication software for Oracle databases. The company’s software enables enhancing business intelligence (BI) to improve business operations. The recent enhancements were designed to significantly increase processing capacity for high transaction loads. Attunity will present its technology at the Oracle Open World 2010, September 20-22, at the Moscone Center in San Francisco, Calif. Attunity said mounting market demand for accessibility of real-time information spurred the company’s CDC and data replication software…

MondaySep 20, 2010 1:36 pm

Deltron (DTRO.OB) Subsidiary Elasco Generates Solid Q2 Financial Results

Deltron Inc. engages in the acquisition of profitable businesses and established market positions. The company’s wholly owned subsidiaries include Elasco, a product manufacturing company, and Deltron, a developer of proprietary closed circuit rebreather technology for scuba diving systems. The company today reported Elasco’s second-quarter financial results for the quarter ended June, 30, 2010. Elasco engages in mold and tooling design, manufacturing, proprietary polymer mixing, custom casting and plastic injection molding. The company generated revenues of $854,999 for the three months ended June 30, 2010, up 56.4 percent compared to revenues of $546,503 for the comparable quarter of 2009. For the…

MondaySep 20, 2010 12:31 pm

Tuffnell Ltd. (TUFF.OB) Acquires Acreage Flanking Significant Find at Little Butte Project in Arizona

Tuffnell, www.tuffex.com – the Arizona-focused mineral exploration company pursuing a strategy which emphasizes the rigorous vetting of potential gold assets in order to identify low-cost, high-yield investments, reported the acquisition of an additional 12 mining claims at its Little Butte project today, bringing the total of unpatented claims to 85. This brings the sum of holdings (including 7 patented claims) to 1,840 acres (2.88 sq miles), and ensures that any extension of the recently discovered high-grade gold/copper mineralization within approximately 5k feet to the northwest of the discovery drill hole (LB1010) will be recoverable by the Company alone. The La…

MondaySep 20, 2010 12:29 pm

API Technologies Corp. (ATNY.OB) Agreement Opens Door to Multi-Billion Dollar DOD Classified Procurement Market

API Technologies, www.apitechnologies.com – a leading provider of engineered components/systems, services, and secure communications to the defense and aerospace sectors, including the DOD, reported today that the Company is now able to compete, through subsidiary API Defense USA, for classified DOD programs and contracts thanks to a proxy agreement-enabled corporate structure. This agreement allows the Company to directly access the most dynamic and fastest growing segment of DOD contracting, a huge opportunity when one considers that the 2010 budget for R&D, procurement, and operations for classified programs exceeds $50B. CEO of API Defense USA, Stephen Pudles, noted the key significance…

MondaySep 20, 2010 11:58 am

Gulfstream International Group (GIA) to Receive $8.5 Million in Federal Subsidies

The U.S. Department of Transportation (“DOT”) previously awarded Gulfstream International new two-year contracts as the Essential Air Service provider for the communities of Bradford, PA; DuBois, PA; Franklin/Oil City, PA; Parkersburg, WV; and Jamestown, NY. The company operates flights from all five cities to Cleveland. Today, Gulfstream International announced that it will receive $8.5 million in federal subsidies as part of the Essential Air Service Program. The federal funds were released under the Essential Air Service Program, which was instituted to ensure that small communities maintain a minimal level of scheduled air service. The DOT currently subsidizes commuter airlines to…

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