Blog - Page 3608 of 5383

TuesdayMar 09, 2010 1:08 pm

ExlService Holdings, Inc. (EXLS) to Establish Two New Facilities

Yesterday, ExlService Holdings, Inc., a leading provider of outsourcing and transformation services, announced that it has plans to establish two new delivery centers in Noida and Jaipur, India. These centers will expand EXL’s global services capacity, support new client acquisitions and enable greater flexibility to meet client requirements. Additionally, it will aid in strengthening its business continuity framework. The new facilities will be based in Special Economic Zones, whose cost and tax structures will help sustain EXL’s global market competitiveness. By adding these two facilities, EXL will have 16 delivery centers and offices in ten locations throughout six countries. Currently,…

TuesdayMar 09, 2010 12:54 pm

Montavo Inc. (MTVO.OB) Files Patent Application for Proprietary Mobile Advertisement Technology

Mobile marketing solutions provider Montavo Inc. today announced the completion and submission of a patent application for U.S. protection of its “System and Method of Delivering Ads.” Montavo said it is also filing for protection abroad in countries participating in the Patent Cooperation Treaty (PCT). If awarded, the patent will protect the company’s foundation technology used to power its Montavo Mobile Advertising Platform (mMAP). The proprietary technology revolves around specific, integral components and integration technologies needed to confirm in-store sales driven by mobile advertisements. Montavo’s technology is unique in that ROI (return on investment) measurements are based on physical in-store…

TuesdayMar 09, 2010 12:51 pm

NetSol Technologies, Inc. (NTWK) Takes Business Intelligence Module to China

California-based NetSol Technologies Inc, a global business services and enterprise application solutions provider, continues to grow its client list in the area of Business Intelligence (BI). BI is one of the fastest growing management information segments in IT, with NetSol’s success based largely on its close integration with SAP’s Business Objects tool, recognized as the market leader in this segment. SAP’s tools have become an important global standard, and NetSol’s BusinessObjects partnership with SAP has opened doors for them around the world. The most recent example is NetSol’s signing of a Chinese finance company that has a major European bank…

TuesdayMar 09, 2010 12:47 pm

Ballard Power Systems (BLDP) Secures Funding to Progress Non-Automotive Fuel Cell Commercialization

Clean energy fuel cell provider Ballard Power Systems recently secured a four-year, $6.2 million project in funding with the U.S. Department of Energy (DOE); Ballard was also selected as a subcontractor to U.S. technology organizations funded by the DOE. Ballard’s subsidiary, Ballard Material Products, received $4.1 million as prime for a contract for modifications in fuel cell durability and cost. Dr. Rod Borup is fuel cell program manager for Institute for Hydrogen and Fuel Cell Research at Los Alamos National Laboratory, one of Ballard’s project partners. Dr. Borup said Ballard’s partnership efforts with the DEO will help to accelerate commercialization…

TuesdayMar 09, 2010 12:44 pm

Helix BioMedix, Inc. (HXBM.OB) Announces $2.9 Million Round of Funding

Helix BioMedix Inc. is a biopharmaceutical company with an extensive library of diverse bioactive peptides and patents covering six distinct classes and hundreds of thousands of peptide sequences. Applications for the company's peptides include anti-aging skin care and blemish control as well as other topical anti-infective pharmaceuticals and wound healing applications. The company today announced additional funding in the amount of $2.9 million through convertible promissory notes. The notes also included warrants to purchase 725,000 shares of the company's common stock at an exercise price equal to $0.80 per share. The notes accrue interest at 8 percent a year and…

TuesdayMar 09, 2010 10:11 am

After Haiti

One of our writers just returned from a two week trip to Haiti led by a missions group. When she returned we asked for an article detailing her experience. If anyone would like more information on how to help or what the Haitians’ needs are, please email Sherri at bedaire@yahoo.com. It’s been said a picture is worth a thousand words – and I disagree; if it were so, I could spend the rest of my life taking pictures in Haiti and still never fully portray the devastation of the January quake and its aftermath. Visiting a third-world country is in…

TuesdayMar 09, 2010 9:08 am

Oil Prices Continue Momentum Nearing $82 per Barrel

Oil prices continued to move higher, moving toward $82 a barrel amid signs the global economy may be improving. Further strengthening the global economic picture, China recently announced plans to extend a stimulus package in hopes of helping the economy increase 8 percent this year. Oil has soared 18 percent since February 5, as investors become more convinced a growing global economy will boost crude demand. In addition, the Labor Department’s February jobs report, released late last week, buoyed investors by showing that the U.S. economy lost a less-than-expected 36,000 jobs last month and the unemployment rate remained unchanged at…

TuesdayMar 09, 2010 8:59 am

Green Planet Group, Inc. (GNPG.OB) Subsidiary Acquires Two Staffing Companies

Green Planet Group, Inc. announced that Lumea, its fully owned subsidiary, has successfully acquired two staffing companies: Staffing Concepts Corporation and Provincia Staffing. The move follows Green Planet’s focus on implementing its staffing industry rollup. The two acquisitions will immediately increase Green Planet Group's consolidated annual revenues by approximately $5 million and will be accretive to earnings. A light industrial staffing company, Staffing Concepts Corporation is located in Florida and will be integrated directly into Lumea's current operations. The company has strong relationships with several industrial and commercial clients, which will become potential customers of the Green Planet’s green, energy…

TuesdayMar 09, 2010 8:57 am

First Citizens BancShares (FCNCA) Purchases Failed Bank in Florida

First Citizens BancShares said that it had entered an agreement with the Federal Deposit Insurance Corp. (FDIC) to purchase Sun American Bank of Boca Raton, Florida. The bank failed on March 5, 2010, and the FDIC was named the receiver of the bank by the regulatory authorities of Florida. Frank B. Holding Jr., the CEO of First Citizens BancShares, said, “South Florida is a great market for our company, especially with our focus on individuals, small to mid-sized businesses and the medical community. This agreement will allow us to extend our presence in Florida and focus on building long-term relationships…

TuesdayMar 09, 2010 8:55 am

Northern Oil and Gas, Inc. (NOG) Reports Strong Profit Growth For 2009

Northern Oil and Gas, Inc. (NOG) reported 2009 net income of $2.8 million, or $0.08 per share. The company earned $2.4 million in 2008. Revenues increased to $15.1 million in 2009, up from $3.5 million in 2008. Northern Oil and Gas, Inc. reported proved reserves of 6.1 million barrels of oil equivalent (BOE) at the end of 2009, using new reserve reporting rules issued by the Securities and Exchange Commission (SEC) for use in 2009. These rules mandated the use of monthly average prices to calculate reserves, which in 2009 were $53.00 per barrel for oil and $3.93 per Mcf…

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