Blog - Page 3597 of 5383

ThursdayMar 18, 2010 11:01 am

API Technologies Corp. (ATNY.OB) Announces Two Executive Appointments

API Technologies Corp. is a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic component and subsystems to the global defense and aerospace industry. The company's customers include the governments of the US, the UK, Canada, the EU and NATO as well as many leading Fortune 500 companies. The company announced today that Brian Throneberry has joined API Technologies as vice-president of sales and marketing. With over 25 years of executive-level leadership in sales, project management and global operations, he will lead sales and business development for API's growing 'defense and systems' business units. Prior to joining…

ThursdayMar 18, 2010 10:53 am

Cascade Technologies (CSDT.OB) Acquires SMI for Optical Detection of Cancer

Cascade Technologies Corp. announced today that it has completed the acquisition of privately owned Spectral Molecular Imaging Inc. (SMI), a private development-stage medical imaging device company. Cascade issued approximately 31,744,000 shares of common stock for the merger, representing about 54% of Cascade’s common stock after giving effect to post-merger transaction adjustments. Post-merger transaction adjustments include share cancellations by a principal stockholder and shares issuable on conversion of up to $1,150,000 of convertible notes placed on behalf of Cascade with a limited number of accredited investors concurrently with the merger closing. SMI now becomes a wholly owned subsidiary of Cascade, allowing…

ThursdayMar 18, 2010 9:56 am

Smartlinx Inc. (SMLK.OB) Introduces SmartVM to the Market

Smartlinx, Inc. announced earlier this week the launch of “SmartVM”. SmartVM is an e-governance application to be used with biometric systems (automated recognition systems based on physical or behavioral characteristics) and will incorporate Fujitsu’s cutting-edge Palm Vein Authentication Technology. The SmartVM application will be used in a device called “Palm Secure” in a pilot voting program for the Forest Department of the Government of Andhra Pradesh, India. The Palm Secure is a scanning device that reads the unique vein pattern of a person’s palm as a mode of identity verification. The scanner takes advantage of the rhemoglobin’s characteristic to absorb…

ThursdayMar 18, 2010 9:51 am

Signature Exploration and Production Corp. (SXLP.OB) Provides Investors with Progress Update

Signature Exploration and Production Corp. issued an update yesterday on its 25% working interest in 10 of the set wells in the “Illinois Reef Project”. This project consists of wells located in Fayette and Macon counties in Illinois. The update states that the operator anticipates to be drilling in the third quarter of 2010. Steven Weldon, Chairman and CEO of Signature Exploration and Production Corporation was quoted as saying ,"We are pleased to report our operator is moving forward with the leasing process to secure our entry into a well-known petroleum prospect in the Illinois Basin.” The wells in the…

ThursdayMar 18, 2010 9:47 am

Universal Detection Technology (UNDT.OB) Sophisticated Products Provide Better Protection for First Responders and the Citizens they Rescue

Universal Detection Technology, developers of air monitoring devices, bioterrorism detection devices and other early-warning monitoring systems, recently issued a press release addressing the growing concern to immunize first responders in the case of anthrax exposure. This question was brought forth at the annual EMS Today Conference in Baltimore. The conference was held over March 1 through March 5. Jacques Tizabi, CEO of Universal Detection Technology was quoted as saying, "Immunizing first responders goes hand-in-hand with giving them the necessary tools and training to rapidly detect on-site the presence of anthrax or other deadly bioagents and respond appropriately”. Universal Detection Technologies…

ThursdayMar 18, 2010 9:38 am

Pop-N-Go (POPN.PK) Chart Poised as Company Signs Distribution Agreement

Pop N Go, Inc. is involved in the ever-growing $60 billion vending and snack food service market. Pop N Go’s flagship product is an award-winning, hot-air popcorn machine that produces single size servings of fresh, hot popcorn. The machine only takes up a 24” x 24” area and has clear sides in order to allow the customer to watch the popcorn being made right in front of them. The machine can be used in this automated format or can be used manually in the traditional style of popcorn makers. In a press release issued on March 16, 2010, Pop N…

ThursdayMar 18, 2010 9:14 am

Cardima, Inc. (CADM.OB) Applies for NASDAQ Listing

Today, Cardima took a major step towards prominence by applying for listing on the NASDAQ Stock Market. The company held a special meeting yesterday where shareholders approved a reverse split of its common stock at a ratio of not less than five-for-one and not greater than twelve-for-one for the purpose of meeting minimum stock price requirements. The exact ratio will be set by the Delaware Secretary of State no later June 30, 2010 at which point Cardima’s stock may have a new home which could help the young company evolve into a greater power. Leading the way at Cardima is…

ThursdayMar 18, 2010 8:59 am

China New Energy Group Company (CNER.OB) Announces Expansion Strategy with the Acquisition of Beijing Century Dadi Gas Co.

China New Energy Group Company, a vertically integrated natural gas company engaged in the development of natural gas distribution networks, and the distribution of natural gas to residential, industrial and commercial users in China, recently announced that the company has entered into an agreement to acquire a 70 percent equity interest in Beijing Century Dadi Gas Co., Ltd. and its affiliated companies (collectively, "Dadi Gas"). Dadi Gas supplies natural gas and develops gas pipeline networks in Northern China. The total purchase price for this equity transfer agreement will be determined based on a multiple of Dadi Gas's net profits for…

ThursdayMar 18, 2010 8:06 am

Clear Skies Solar, Inc. (CSKH.OB) is “One to Watch”

Clear Skies Solar, Inc. has been sliding under the radar now for several months since it made its big move in July 2009 through November 2009 when it climbed from .04 to .28. Since then it has been on a slow slide back down under a dime, but it may be time to put CSKH back on the watch list. Clear Skies Solar, formerly Clear Skies Holdings until a name change in January 2008, designs, markets, sells and installs solar power systems that are manufactured by highly-reputatable third parties such as Kyocera Solar, Suntech America and Sharp. Their growing list…

ThursdayMar 18, 2010 8:02 am

Blockbuster Inc. (BBI) Bankruptcy Rumors

Shares of Blockbuster (NYSE: BBI) took a nosedive yesterday dropping more than .11 (approximately 29%) on rumors of bankruptcy being in the near future for the video rental giant. From a business perspective, Blockbuster is doing all that it can to regroup, but in the midst of soft sales and an ever-changing industry with extremely tough competition, it is struggling to keep, much less gain, market share. Blockbuster filed a 10-K on Tuesday stating that it may be forced into bankruptcy if its restructuring efforts cannot meet the liquidity needs for the company. In an industry where customers have been…

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