Blog - Page 3609 of 5588

TuesdaySep 14, 2010 10:52 am

XO Holdings, Inc. (XOHO.OB) Subsidiary Beefs up its Ethernet over Copper Network Coverage by 30%

XO Communications, www.xo.com –XO Holdings, Inc. subsidiary and one of the top providers of sophisticated broadband services/solutions to enterprise, government, carriers and service providers nationwide, announced an over 30% expansion of its EoC (Ethernet over Copper) network today. Projected to increase coverage in the Company’s 39 existing markets, this expansion will also launch new availability in key markets like Charlotte, NC, and Buffalo and Rochester, NY. Recent addition by the Company to its network of 400 EoC-enabled local service offices brings the total count to over 400 in the US – a significantly increased footprint that is emblematic of XOHO’s…

TuesdaySep 14, 2010 10:46 am

LianDi Clean Technology Inc. (LNDT.OB) Will Address Chinese Government Oil Sludge Automation Requirements via New Strategic Partnership

LianDi, www.china-liandi.com – a leading provider of clean tech, flow control equipment, technical/integration services and proprietary software for the thriving Chinese petroleum and petrochemical sectors, reported entry today into a strategic alliance with globally recognized, Tokyo-based oil sludge treatment firm System Kikou Co., Ltd. Recent mandates by the Chinese government, instituted as a result of a June 2010 industrial accident involving manual removal of oil sludge in which 6 workers died, have created massive demand for the now-required automated cleaning technology. President and CEO of LNDT, Mr. Jianzhong Zuo, characterized the timing of this strategic alliance with System Kikou as…

TuesdaySep 14, 2010 10:41 am

Consorteum Holdings, Inc. (CSRH.OB) Offers Clients Creative Ways to Save Money and Increase Sales

With the many and varied initiatives and projects that Consorteum Holdings has been involved in recently, it’s easy for investors to lose sight of its foundational strengths and primary strategy in the marketplace. Consorteum Holdings Inc. is making a name for itself in the financial services, payment, and transaction processing industries. As made clear on their website, the company provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. They create customized, innovative technology solutions to augment and enhance their client’s existing financial, payment, and transactional processing systems. The idea is to allow…

TuesdaySep 14, 2010 10:35 am

NF Energy Saving Corp. (NFEC.OB) Inks Contract with HF Bio-energy to Achieve 800-household Renewable Energy Project in China

NF Energy Saving Corp. provides energy saving services in China for the power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries. The company announced today it has entered into a work contract for an energy saving project with Fuxin HF Bio-energy Development Company, a company focused on biotechnologies that transform traditional small coal-fired plants to bio-powered plants for heat and power sources. Per the agreement, NF Energy will provide technical consultancy and project design, including equipment set up and testing. The main objective of the project is to develop bio-fuels to replace coal-powered energy sources, thereby reducing coal utilization…

TuesdaySep 14, 2010 8:35 am

Doral Energy Corp. (DRLY.OB) Enters Into Letter of Intent

Yesterday, Doral Energy Corp. announced that they entered into a Letter of Intent to combine with Pure Gas Partners II, L.P. of San Antonio, Texas. This business combination, which will be effected through the issuance of common shares of Doral Energy, will result in an effective change of control with current stakeholders of Pure owning eighty percent of the combined entity post-transaction. Doral Energy Corp. will, as part of this business combination, among other things, conduct a reverse stock split and name change. The combined entity will have their corporate headquarters in San Antonio, Texas while maintaining an operations office…

TuesdaySep 14, 2010 8:32 am

BMB Munai, Inc. (KAZ) Reaches Restructuring Agreement with Convertible Bondholders

BMB Munai, Inc. reported that the company has reached an agreement with a group of bondholders on a restructuring of one of its outstanding bond issues. BMB Munai, Inc. has been negotiating with the owners of $60 million principal value of the company’s 5% senior convertible notes due 2012. The restructuring changes are contained in Supplemental Indenture No. 2, to be executed by both the bondholders and the company. BMB Munai, Inc. is required to make a cash payment of $1 million towards the principal balance of the notes, and the company will also increase the interest rate on the…

TuesdaySep 14, 2010 8:30 am

Credo Petroleum Corp. (CRED) Reports Successful Well in North Dakota

Credo Petroleum Corp. reported the success of a horizontal well drilled in North Dakota. The company said that the well had the highest initial production rate of any well in its history. The Weisz 11-14#1-H well drilled over the last few months produced at an initial rate of production in excess of 2,000 barrels of oil equivalent (BOE) during an initial 24 hour production period. The well targeted the Middle Bakken formation and was completed with a thirty-seven stage hydraulic fracturing operation. Credo Petroleum Corporation said that the Weisz 11-14#1-H well was the company’s second successful well targeting the Middle…

TuesdaySep 14, 2010 8:01 am

Micro Identification Technologies, Inc. (MMTC.OB) Production Start-Up Plans Remain On Track

Micro Identification Technologies, Inc. announced today that its MIT 1000 System remains on track to begin production later this year. According to the press release, critical sub-system electronics have been successfully tested and the remaining tasks present no additional challenges for MIT and its contract manufacturer, OSI Optoelectronics, a subsidiary of OSI Systems (NASDAQ: OSIS). In the release, the company also noted that 8,500 pounds of beef were recently recalled due to E.coli contamination. The strain of E.coli causing the contamination was a shiga toxin-producing E.coli (STEC) known as E.coli O26 that many people believe should be classified as an…

TuesdaySep 14, 2010 6:59 am

Simulated Environment Concepts, Inc. (SMEV.PK) Announces Major Cost Reduction Initiative

Simulated Environment Concepts (SE Concepts), makers of the high pressurized dry water massage and relaxation station SpaCapsule, announced this morning its long anticipated plans of making an investment into the production process to significantly reduce the cost of manufacturing, thereby strengthening cash flow and profitability. According to the press release, execution may likely occur within the next few weeks. “This will be an important benchmark for us,” commented Dr. Ella Frenkel, Chairman and CEO of Simulated Environment Concepts, Inc. (SE Concepts). “With a retail price tag north of $25k, if the cost of manufacturing the Spa Capsule was greatly lowered,…

MondaySep 13, 2010 4:04 pm

Welwind Energy International Corp. (WWEI.OB) Receives $16.3M Infusion to Develop Wind Farm Project in China

Welwind Energy International Corp., founded to build, own and operate wind farms, today announced a formal Investment Cooperation Agreement (ICA) with Guangdong Yatu Industry Investment Co. Ltd. (GYII) to jointly develop wind farm projects in China, fueling Welwind with additional financing. Per the ICA, GYII will invest $16.3 million to co-develop Welwind’s first phase 49.5MW wind farm project in Zhanjiang of Guangdong Province. GYII will hold a 20 percent stake in the project. Additionally, GYII will appoint Welwind as its North American selling agent for its new wind turbine system technology; the companies will jointly establish a new turbine generator…

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