Blog - Page 3585 of 5386

TuesdayMar 30, 2010 3:06 pm

Legacy Reserves LP (LGCY) Purchases West Texas Assets

Legacy Reserves LP said that it reached an agreement to buy oil and gas assets located in West Texas from Brigham Exploration Company (BEXP). Legacy Reserves LP agreed to pay $14 million for proved developed producing properties with 602,000 barrels of oil equivalent (BOE) of reserves. The properties produced an average of 213 BOE per day in December 2009. Legacy Reserves LP specializes in purchasing oil and gas assets in the Permian Basin of West Texas, the Mid-continent area and the Rocky Mountains region of the United States. This was the second recent purchase by Legacy Reserves LP. In February…

TuesdayMar 30, 2010 2:01 pm

GeoVax Labs, Inc. (GOVX.OB) Granted Allowance by FDA to Start Phase I Clinical Trials for HIV/AIDS Vaccine

GeoVax Labs Inc.is a technology company that creates, develops and tests innovative HIV/AIDS vaccine. The company today announced that it is now allowed by the US Food and Drug Administration (FDA) to begin a Phase 1 clinical trial for Geovax's therapeutic vaccine, which is intended as a treatment for HIV. The company will begin a non-blinded study in HIV infected individuals who started drug treatment during their first year of infection. The protocol for the clinical trial was conceived in collaboration with the AIDS Research Consortium of Atlanta (ARCA). The Phase 1 trial will carefully monitor safety while evaluating the…

TuesdayMar 30, 2010 12:30 pm

Lpath Inc. (LPTN.OB) Reports Solid Clinical Trial Results for Investigational Drug ASONEP

Lpath Inc. focuses on lipidomics-based therapeutics for treating a wide range of human diseases. The company today announced positive data from its dose-escalation phase I clinical trial of the investigational drug ASONEP(TM) in cancer patients with various solid tumors. The study demonstrated that lymphocyte counts (the number of cells present in blood and lymphatic tissue) in the vascular space were reduced in a dose-related fashion, which led Lpath to achieve the objective established by Merck KGaA (Darmstadt, Germany), resulting in a $2 million payment per the license agreement with Merck KGaA. Results also show that the study met its primary…

TuesdayMar 30, 2010 12:26 pm

Servidyne, Inc. (SERV) Signs Record $8.7M Energy Efficiency Contract

Servidyne, Inc., the 85-year veteran in facility energy use optimization, sustainability, and improvement of overall building efficiency, announced an $8.7M contract (estimated total revenue upon completion) with a major U.S. retailer yesterday. The contract calls for SERV to systematically overhaul the energy-use profile of some 600 stores and distribution centers beginning immediately, with a projected completion window of 12-24 months. This contract signifies the start of a strategic partnership between the two companies, which both anticipate will continue for 2-3 years (pending future negotiations) as the customer has expressed a desire to apply the efficiency overhaul program to its entire…

TuesdayMar 30, 2010 12:22 pm

Ecosphere Technologies, Inc. (ESPH.OB) Chemical-Free Hydraulic Fracing Technology Showcased by Wall Street Journal

Ecosphere Technologies, Inc., the innovative service provider offering proprietary technologies designed around their groundbreaking Eco-Fracturing™ methodology (like the Ecosphere Ozonix™ mobile water recycling system), announced today that they have been featured in a new Wall Street Journal article. The Journal is an institution in the business world, and this new article “"Firms See 'Green' in Natural-Gas Production -- Environmental Concerns Over Drilling Drive Producers to Seek Alternative Technology, Creating Business Opportunities”, offers the publication’s huge reader base a detailed look at some of ESPH’s innovative, environmentally friendly technologies. CEO of ESPH, Dennis McGuire, expressed his excitement in regards to the…

TuesdayMar 30, 2010 11:31 am

Cleartronics, Inc. (CLRI.OB) Subsidiary Completes Phase I of Systems Contract

Cleartronics, Inc., based in Boca Raton, FL, announced today that their wholly owned subsidiary, VoiceInterop, Inc., has successfully completed phase I of a systems contract with Uraguayan State-owned power utility Adminstrción Nacional de Usinas y Trasmisiones Eléctricias (UTE). This phase was completed by VoiceInterop in partnership with Teledata Uruguay. UTE provides electricity to a third of the population of Uruguay. The first phase of the contract is the initial step in providing UTE with secure, real-time communications between the operations staff and power grid line crews. The system utilizes VoiceInterop’s UC software technology and AM360 radio gateways. This phase consisted…

TuesdayMar 30, 2010 11:29 am

Li3 Energy, Inc. (LIEG.OB) is “One to Watch”

Li3 Energy, Inc. is an early stage company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas. Lithium brines are recognized as a faster, lower-cost, more energy efficient, and environmentally friendly source of extraction than hard rock lithium mining. The Company's initial focus is on identifying and acquiring opportunities in Peru, Argentina, Chile, and the United States. Li3 Energy is working to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production. This is to meet growing market demand and to support the clean energy…

TuesdayMar 30, 2010 11:18 am

Consorteum Holdings, Inc. (CSRH.OB) Offers a Rare Package

Consorteum Holdings Inc., a company which has been forging a reputation as one of the most innovative financial transaction solution providers anywhere, offers a uniquely attractive package for investors seeking a solid return with minimal risk. It’s a package based upon a rare combination of business factors that the company has been careful to cultivate. First of all, in a time when many companies have been struggling to find and hold customers, Consorteum has a significant pipeline of contracts, including multiple international projects, all of which are set up to contribute ongoing residuals. The company’s project portfolio is specifically designed…

TuesdayMar 30, 2010 10:38 am

SunPower Corp. (SPWRA) Completes Acquisition of SunRay Renewable Energy

Today, SunPower Corp. announced that it has completed its acquisition of SunRay Renewable Energy. The acquisition enables SunPower to expand its project pipeline to include more than 1,200 megawatts (MW) of solar photovoltaic (PV) projects in various stages of development. SunRay Renewable, a leading European solar power plant developer, has offices in both Europe and the Middle East. Howard Wenger, SunPower President, commented, "With this acquisition complete, SunPower is accelerating growth in the Italian market, and pursuing new opportunities in other parts of Europe and Middle East. The acquisition of SunRay provides us with strong visibility in the second half…

TuesdayMar 30, 2010 10:18 am

NioGold Mining Corp. (NOXGF.PK) Appoints Simon Ridgeway to Its Advisory Board

NioGold Mining Corp. is a mineral exploration company focused on gold. The company's flagship projects are located in the Cadillac – Malartic – Val-d'Or stretch of the prolific Abitibi gold mining district of Quebec, Canada. NioGold's land holdings within the Abitibi encompass three former gold producers. These are the Nortartic, Marban and Kierens mines that collectively produced 600,000 ounces of gold. The company announced today the appointment of Simon Ridgeway to the company's newly created advisory board. Mr. Ridgeway is an accomplished mine developer with over 30 years of experience in the mining industry. He is a co-founder of the…

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