Blog - Page 3610 of 5383

MondayMar 08, 2010 9:03 am

General Automotive Company (GNAU.OB) Announces Joint Venture with SenCer, Inc. to Develop Next-Generation Fuel Cell Technology

General Automotive Company, a provider of aftermarket parts and advanced technology for the automotive industry, recently announced that the company has completed a revised joint venture with SenCer Inc., a research firm recognized for its engineering expertise in advanced ceramic systems. Under the terms of the agreement, the two companies will develop, commercialize and market SenCer’s UltraTemp™ ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The goal of the joint venture, now called Green Cell, Inc., will be to develop a series of prototypes that will significantly advance the process of commercializing and mass…

MondayMar 08, 2010 9:02 am

American Railcar Industries, Inc. (ARII) Reports Increase in Fourth Quarter Net Income Due To Investment Gain

American Railcar Industries, Inc. reported a sharp drop in earnings and revenue for the fourth quarter of 2009, excluding the impact of investment gains, as the company’s operations suffered from a sharp drop in orders for railcars. American Railcar Industries, Inc. reported net income of $10.5 million, or $0.50 per share, in the fourth quarter of 2009, on revenues of $78.5 million. The company benefited from an $11.6 million, or $0.54 per share, after tax gain from short term investment activity in the quarter. American Railcar Industries, Inc. earned $7.6 million, or $0.35 per share, on revenues of $203.0 million…

MondayMar 08, 2010 9:00 am

American Safety Insurance Holdings, Ltd. (ASI) Reports Increase in Book Value

American Safety Insurance Holdings, Ltd. reported net income of $6.9 million, or $0.65 per diluted share, for the fourth quarter of 2009. This was a vast improvement from the loss of $8.2 million, or $0.80 per diluted share, in the same quarter of 2008. Full year 2009 net income was reported at $24.3 million, or $2.30 per diluted share, compared to net income of $0.03 million, or $0.03 per diluted share in 2008. Management attributed the turnaround to higher growth in certain insurance lines, a lower combined ratio, and better underwriting by the company Stephen R. Crim, the CEO of…

MondayMar 08, 2010 8:53 am

eDoorways Corp. (EDWY.PK) to Participate in SXSW Conference

eDoorways Corp. today announced that it will be a participant at one of the country's most attended music and media conferences, South By Southwest (SXSW). The portion of the conference eDoorways will participate in is the SXSW Interactive Festival, an incubator of cutting-edge technologies, showcasing the most innovative technology from around the globe. The Interactive Festival has quickly grown over the years to seemingly become one of the main highlights of the entire conference. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corp., stated, “We are absolutely thrilled to be fortunate enough to participate in this event. We strongly…

FridayMar 05, 2010 1:09 pm

AGR Tools, Inc. (AGRT.OB) Pushes North American Growth Strategy Forward, Expanding into Western Pennsylvania

AGR Tools, Inc., with over 27 years servicing the natural stone and construction industries, entered into a binding share exchange agreement with AGR Stone & Tools USA, Inc. Oct. 29, 2009. AGRT announced today that AGR S&T has taken a major step forward as part of the Company’s North American growth strategy, expanding its distribution network into Pittsburgh and Western Pennsylvania with the addition of an Allegheny County dealer. With an estimated market of $7M, from a 1.8M+ population, the potential sales for the sort of high-quality diamond tools for which the Company is known the world over is remarkable,…

FridayMar 05, 2010 1:05 pm

Solar Energy Ltd. (SLRE.OB) Growth Strategy Includes Solar and Minerals

Solar Energy Limited, known for its pursuit of researching and developing eco-friendly renewable energy sources and technical solutions for mitigating the environmental impact of traditional energy production systems, revealed today the direction of concerted efforts towards capitalizing on two newly identified opportunities which are consistent with an overall strategic shift of forward momentum towards growth into renewable energy and other, high-ROI market sectors. With over a decade of experience in a vast array of innovative and technically cutting-edge R&D projects under its belt, Solar Energy is now confidently moving forward with a bold growth strategy contingent only on the capital…

FridayMar 05, 2010 11:51 am

Dana Resources, Inc. (DANR) to Acquire Silver Mine

Dana Resources, a U.S. based precious metals exploration and development company, with offices in Peru, today announced signing of a Letter of Intent to acquire the Chota Silver Mine, located in Peru. Under the agreement, Dana would be granted 100% ownership of the mine for an aggregate consideration of $425,000 in cash payments, plus a commitment to upgrade the infrastructure of the mine, and a share allotment to be determined at closing. An initial payment of $25,000 upon signing of the letter secured the project for Dana. In addition to silver, the property is currently producing gold, lead, and zinc.…

FridayMar 05, 2010 11:47 am

General Moly, Inc. (GMO) Awaits BLM Recommendations, Chinese Concern Considering Full Funding

Having a deep pocketed investor and customer waiting in the wings is always an advantage when a company is working in a less than certain marketplace. It is also an advantage if this investor typically take the long view and does not expect next quarter profits. As an individual investor, finding a company that has this type of investor waiting is a good way to profit as those with the big cash usually have a solid idea of what will likely happen. General Moly, Inc., a molybdenum (moly) exploration, extraction and development company, works to find and extract molybdenum ore…

FridayMar 05, 2010 11:39 am

China Armco Metals, Inc. (CNAM) Enters into Scrap Steel Supply Contract with Chinese Steel Producer

China Armco Metals Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals in China. It also is a metal recycler in China. The company maintains customers throughout China which include the fastest growing steel producing mills and foundries in the country. The company recently announced that Armet Renewable Resource Company Ltd., its wholly-owned subsidiary, has signed a contract to supply a major Chinese steel producer with up to 230,000 tons of scrap steel in 2010. The contract calls for the delivery of up to 23,000 metric tons of scrap steel per month for 10 months…

FridayMar 05, 2010 10:20 am

China Yongxin Pharmaceuticals, Inc. (CYXN.OB) Announces Four New Independent Directors

China Yongxin Pharmaceuticals Inc. is a manufacturer, retailer and distributor of pharmaceutical preparations, traditional Chinese medicines, natural health products and medical equipment in northeastern China. The company is one of the fastest growing drug retailers in China. The company recently announced four people were appointed to its board of directors as independent directors. The four new members are: Mr. Hal Lieberman, Ms. Laura Philips, Mr. Bing Li and Mr. Jingang Wang. Mr. Lieberman has served as the president and CEO of Hemo Therapeutics, a health services company since 2006. From 1998 to 2006, Mr. Lieberman served as a consultant and…

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