Blog - Page 3624 of 5727

ThursdayJan 20, 2011 1:36 pm

China North East Petroleum Holdings Ltd. (NEP) Announces Purchase of Oil Field

China North East Petroleum Holdings Ltd. announced the purchase of an exploration and production company with the drilling rights on oil properties in Inner Mongolia. The deal is expected to close during the first quarter of 2011. China North East Petroleum Holdings Ltd. will purchase Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd. for a total of $43.4 million in a combination of stock and cash. The company will pay $10.6 million in cash at closing and issue 5.8 million shares of restricted common stock in exchange for a 100% interest in the company. The Sunite Right…

ThursdayJan 20, 2011 1:25 pm

Rexahn Pharmaceuticals Inc. (RNN) Receives Additional Investment from Teva Pharmaceutical

Rexahn Pharmaceuticals Inc. is a clinical stage pharmaceutical company which is developing and commercializing potential best-in-class therapeutics for cancer, central nervous system disorders and other unmet medical needs. The company currently has three drug candidates in Phase II clinical trials: Archexin, Serdaxin and Zoraxel. The company announced today that Teva Pharmaceutical Industries (NASDAQ: TEVA) purchased 2,334,515 shares of Rexahn's common stock in a private offering for $3.95 million, or $1.692 per share. Even though news of Teva's investment into Rexahn Pharmaceuticals pushed the company's stock higher, it is still trading below the price paid by Teva Pharmaceutical. The investment by…

ThursdayJan 20, 2011 12:46 pm

Tegal Corp. (TGAL) and se2quel Partners Gather Resources to Form Solar Utility Company

Today before the opening bell, Tegal Corp. announced that it has formed, together with se2quel Partners LLC, a new company focused on developing and operating large scale photovoltaic (PV)-based solar utilities in the United States, Latin America, the Middle East and Africa. se2quel Partners, under the leadership of Ferdinand Seemann, a solar technology expert and former Independent Director of Tegal, has developed a unique manner of developing, building and operating PV-based utilities on the scale of 1,000+ megawatts (1GW) to be cost competitive with conventional energy sources. Currently, the company has more than 10 active projects with major partners in…

ThursdayJan 20, 2011 12:28 pm

Radient Pharmaceuticals Corp. (RPC) Announces Updated European Union Certification for Onko-Sure®

Radient Pharmaceuticals Corp., a US-based company focused on researching, developing, and commercializing In Vitro Diagnostic cancer tests, announced earlier today that it has received CE-Mark approval from the European Union (EU) for the use of its Onko-Sure® In Vitro diagnostic (IVD) cancer test as a pan tumor marker for cancer. The Company's new CE-Mark Certificate for Onko-Sure® provides product access to 27 countries with a combined population of approximately 500 million. A simple, non-invasive, patent-pending and regulatory-approved test, Onko-Sure® is used to detect, screen and monitor various types of cancer. The test enables physicians and healthcare professionals to effectively monitor…

ThursdayJan 20, 2011 11:40 am

Bacterin International Holdings, Inc. (BIHI.OB) Secures $5,000,000 Credit Facility

Located in Belgrade, Montana, Bacterin International Holdings develops, manufactures and markets biologics products to domestic and international markets. Today, Bacterin announced it has closed on the Bridge Bank, N.A. revolving accounts receivable line of credit for up to $5 million. Bridge Bank was founded in 2001 and is a full service professional business bank. The financing provided to Bacterin has a 2 year term and carries an interest rate of the Bridge Bank prime rate plus 2.25%. The credit facility with Bridge Bank comes on the heels of an announcement that Bacterin received an asset backed lending facility of up…

ThursdayJan 20, 2011 11:35 am

Global Defense Technology & Systems (GTEC) Posts Revised Q4 Figures, 2011 Guidance

Global Defense Technology & Systems Inc., a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, today revised its fourth quarter 2010 guidance upward and provided initial full-year 2011 guidance. The company’s fourth quarter and full year 2010 results are still subject to completion of its year-end financial audit. GTEC's revised fourth quarter 2010 guidance anticipates revenue of approximately $82 million, an increase of 47 percent compared to $55.8 million reported in the fourth quarter of 2009. The increase represents pro forma organic revenue growth of 37 percent, a figure derived…

ThursdayJan 20, 2011 11:02 am

YRC Worldwide Inc. (YRCW) Video Chart for Thursday, January 20, 2011

The past 12 months have been tough on YRC Worldwide, but the chart has made a higher low recently and is now on radar for continuation and a possible run to the $4 resistance. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayJan 20, 2011 10:29 am

Solar Power, Inc. (SOPW.OB) 398 Kilowatt Solar System Commissioning Celebrated by BLT Enterprises

Solar Power, www.solarpowerinc.net – the vertically integrated developer of solar solutions, which maximizes shareholder value by rigorously improving the Company’s entire value chain, from materials to post-installation asset management, joined BLT Enterprises yesterday to celebrate commissioning of the new 398 kW photovoltaic (PV) solar system. Designed and constructed by SOPW, the new PV installation at BLT’s Fremont Recycling and Transfer Station (FRTS) in Fremont, California, is an ideal use of the Company’s sophisticated modules, mounting and racking systems. With over 24k tons of recycling and disposal done in 2010 alone, the FRTS, which services Fremont, Newark and Union City, is…

ThursdayJan 20, 2011 9:59 am

LifeVantage Corp. (LFVN.OB) Announces Preliminary Unaudited 2Q Results

Yesterday, LifeVantage Corp. announced their preliminary unaudited net revenue for the second fiscal quarter of 2011. LifeVantage anticipates an increase of $1 million during the three month period that ended on December 31, 2010 (a 15% increase over net revenue of the previous period). LifeVantage is a San Diego science-based nutraceutical company that produces health and wellness products. The company's current product line includes the anti-aging, antioxidant dietary supplement Protandim, and TrueScience Anti-Aging Cream skin care product. LifeVantage's anticipated net revenue is a 169% increase over the net revenue reported for the same quarter in 2009. LifeVantage anticipates $500,000 operating…

ThursdayJan 20, 2011 9:55 am

Norsat International, Inc. (NSATF.OB) to Acquire All Shares of Sinclair Technologies Holdings Inc.

Norsat International Inc., broadband communications solutions provider, announced today that it has entered into a definitive agreement with Sinclair Technologies Holdings Inc. to acquire all of its shares. Norsat will pay $19.25 million, financing the transaction with $4.75 million in cash, $12.0 million in debt financing from its principal banker, and 4,028,932 common shares issued from treasury. The majority of the purchase price will be paid upfront; the remaining portion will be held in escrow and earned out over a period of two years. The acquisition is projected to close later this month. Sinclair is a leading provider of antenna…

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