Blog - Page 3605 of 5440

WednesdayApr 28, 2010 7:56 am

President and Chief Scientific Officer of Power3 Medical Products, Inc. (PWRM.OB) to Give Plenary Address to the European Molecular Histopathology Symposium

Power3 Medical Products, Inc. and StemTroniX, Inc. announced yesterday that Ira L. Goldknopf, PhD, Power3's President and Chief Scientific Officer, will deliver a plenary address to the European Molecular Histopathology Symposium on The Impact of Personalized Medicine, April 29, 2010, in Chantilly, France. The title of the plenary address is "The Genesis of Prototype Biomarkers for Identification and Use of Stem Cells for Therapeutics of Alzheimer’s Disease." Ventana Medical Systems, a member of the Roche Group, is the organizer of the Symposium. The focus of the presentation is on the progress Power3 Medical Products, Inc. and StemTroniX, Inc. have made…

TuesdayApr 27, 2010 3:53 pm

National Automation Services, Inc. (NASV.PK) Engages Lord & Benoit for Compliance with Sarbanes-Oxley (SOX) Act

National Automation Services, Inc., a public holding company focused on designing, engineering, installing and maintaining automated control systems, announced earlier today that it entered into a service agreement with Lord & Benoit, a consulting firm specializing in internal controls for Sarbanes-Oxley (SOX) compliance. A pioneer in SOX 404(a) compliance since 2004 with clients worldwide, Lord & Benoit will implement a COSO Framework suitable for NAS that is not only affordable, but effective in establishing processes for: Risk Assessment, Control Environment, Control Activities, Information & Communication, and Monitoring. These components will support efforts to achieve compliance with regulatory authorities as well…

TuesdayApr 27, 2010 3:15 pm

Natural Resource Partners L.P (NRP) Closes On Three Aggregates Purchases

Natural Resource Partners L.P announced the closing of three acquisitions of aggregates properties in the United States. The company paid $31 million for the three properties, with $21 million paid at closing and $10 million due later in 2010. The management of Natural Resource Partners L.P indicated that it is still looking for further purchases to add to its reserves. “NRP continues to look for expansion opportunities in the aggregate sector, including construction aggregates, industrial minerals and specialty aggregates,” said Nick Carter, the CEO of Natural Resource Partners L.P. Natural Resource Partners L.P purchased 100 acres of limestone reserves in…

TuesdayApr 27, 2010 2:52 pm

Blue River Bancshares, Inc. (BRBI) Reports Net Loss Due to Higher Loan Loss Provision

Blue River Bancshares, Inc. reported a net loss of $140,000, or ($0.05) per diluted share, in the first quarter of 2010. The bank earned net income of $37,000, or $0.01 per diluted share, in the same quarter of 2009. Blue River Bancshares, Inc. said that the loss for the quarter was due to an increase in the provision for loan losses to $427,000. Management made the decision based on its assessment of the bank’s pipeline of impaired and non-accrual loans. The provision for loan losses was $137,000 at the end of the first quarter of 2009. Russell Breeden III, the…

TuesdayApr 27, 2010 2:50 pm

Pacific Commerce Bank (PFCI.OB) Reports Q1 2010 Financial Results

Los Angeles-based Pacific Commerce Bank today posted its financial results for the first quarter of 2010. The bank reported net income for the quarter at $204,000 compared to $75,000 for the same quarter a year ago, an increase of $129,000. This bank attributes the increase primarily to decreases in interest expense and provision for loan losses of $335,000 and $53,000, respectively. Total non-performing loans totaled $6,314,000 at March 31, 2010, up $4,772,000 from the first quarter of 2009, but a decrease of $2,686,000 from December 31, 2009. The bank said the decrease reflects a collection in full of a non-accrual…

TuesdayApr 27, 2010 2:25 pm

BIO-key International, Inc. (BKYI.OB) Technology Used for Statewide Oklahoma Law Enforcement Authentication

BIO-key International, Inc., the Wall, NJ-headquartered developer of cutting-edge identification solutions based on cost-effective, high-performance, scalable, and easy-to-use and deploy biometric finger scanning technology, announced yesterday that the Sheriff's Office of Oklahoma County (OK) has succeeded in implementing a statewide, FBI-compliant, law enforcement mobile data system authentication solution, based on BKYI’s technology. FBI Criminal Justice Information Services (CJIS) databases now require advanced user authentication protocols for access via in-vehicle laptops, and this fingerprint scanning system (installed in over 400 vehicles with projections of 800 by project completion) is designed to fully satisfy those requirements while simplifying the logon process for…

TuesdayApr 27, 2010 2:20 pm

Viaspace, Inc.’s (VSPC.OB) Giant King Grass Shows Huge Success and Potential in a Recent Status Update

VIASPACE Inc. is a bold pioneer in a brave new world of alternative energy solutions which provide superior environmental impact profiles while offering the potential to eliminate fossil fuels and other contaminating energy sources through its subsidiaries. The company’s subsidiaries each have a specific focus, including renewable energy (VIASPACE Green Energy: non-food high-output agricultural crops for cellulosic ethanol production); alternative energy (Direct Methanol Fuel Cell Corporation: methanol fuel cells); and monitoring systems (Ionfinity: mass spectrometry (MS) sensors utilizing soft-ionization which can “sniff” for biological/explosives, etc.). The Company provided an update yesterday regarding ongoing developments relating to the proprietary Giant King…

TuesdayApr 27, 2010 12:38 pm

AspenBio Pharma, Inc. (APPY.OB) Appoints Industry-Veteran Steve Lundy CEO, Plans to Commercialize Acute Appendicitis Blood Test

AspenBio Pharma, Inc., developer of innovative diagnostic and therapeutic products announced recently that Steve Lundy has joined the company, taking up the CEO position and becoming a member of the Company’s Board of Directors (BoD). Aspen’s innovative diagnostic and therapeutic products, for which vast un-served/under-served markets exist, are exemplified by the Company’s leading candidate, AppyScore™, for acute appendicitis blood testing, which satisfies a long-standing need of hospital emergency departments. Consequent to organizational plans and ongoing succession begun in the second half of 09, this appointment and the stepping down of Daryl Faulkner (who served as Interim CEO in 09 and…

TuesdayApr 27, 2010 12:34 pm

Reflect Scientific, Inc. (RSCF.OB) Signs Letter of Intent with Resodyn to Manufacture and Distribute Ultra Low Temperature Freezers

Reflect Scientific, Inc., based in Orem, Utah – well known in the biotech, healthcare, industrial, and pharmaceutical markets as a provider of unique and innovative cryogenic cooling solutions – announced today the signing of a letter of intent with Resodyn Corporation to manufacture and distribute the RSCF Cryometrix ultra-low temperature (ULT) freezers. In relation to the letter of intent, which includes an initial upfront fee of $50k, Resodyn obtains an exclusive license agreement to manufacture and distribute the RSCF-branded, liquid nitrogen-based, ULT freezers. The Butte, Montana-based technology developer/manufacturer, which is focused on bringing ideas to market in its core operating…

TuesdayApr 27, 2010 12:19 pm

Santa Clara Valley Bank (SCVE.OB) Posts Q1 Financial Results, Optimistic Outlook Despite Negative Economic Environment

Santa Clara Valley Bank (SCVBank) today posted its 2010 first quarter financial results, noting an expanding customer base despite the nation’s bleak banking outlook. SCVBank reported net interest income at $1,344,000 for the first quarter of 2010, an increase of 10 percent, or $124,000, over the $1,220,000 reported in the first quarter of 2009. The bank attributes the increase primarily to higher priced funding sources that were replaced by lower costing deposits. SCVBank posted a net loss for the first quarter of ($181,000) compared to a net loss of ($467,000) for the period a year earlier. The net loss in…

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