Blog - Page 3624 of 5541

MondayJul 12, 2010 4:16 pm

Fortress International Group, Inc. (FIGI.OB) Announces $44 Million in New Contracts for the First Half of 2010

Fortress International Group, Inc., a leading provider of consulting and engineering, construction management and 24/7/365 site services for mission-critical facilities that maximize uptime and efficiency, recently announced that the company has secured approximately $44.0 million in new contracts for the six months ended June 30, 2010. These new contracts represent a year-over-year increase of roughly 300 percent compared with $15.0 million in new contracts for the same time period in 2009. Fortress provides innovative end-to-end capital management, energy, IT strategy, procurement, design, construction, implementation and operations solutions that optimize performance and reduce costs. The new contracts for 2010 cover three…

MondayJul 12, 2010 4:15 pm

Lexon Technologies (LEXO.OB) Inks Deal to Merge with INKTEK America Inc.

Lexon Technologies Inc., a manufacturer of recycles toner for laser printers, fax and multi-function copiers, today announced it has signed a Letter of Intent with INTEK America Inc., a manufacturer of energy efficient paper shredders and toner cartridges and various other “eco-friendly” products under the GoECOlife™ brand. Per the agreement, INTEK shareholders will receive newly issued shares of Lexon, representing an 80 percent ownership over the combined entity, over which INTEK will assume operating and managerial control. INTEK is a large-scale manufacturer/distributor of consumer branded products. The company distributes the products through big box retail and dealer channels in the…

MondayJul 12, 2010 3:58 pm

VLOV Inc. (VLOV.OB) Announces FY 2010 Guidance Lifted by Enhanced Designs and Brand Awareness

VLOV Inc., a China-based designer of VLOV brand men's apparel, today posted financial guidance for the fiscal 12 months ending December 31, 2010, announcing that it expects double-digit growth for the year. The company anticipates 2010 net sales to be in the range of $71 million to $75 million, a 10.4 percent to 16.6 percent increase compared to $64.3 million in 2009. Gross profit for 2010 is expected to be between $25.9 million and $27.8 million, reflecting an anticipated gross margin of 36.5 percent to 37.0 percent compared to 36.2 percent in 2009. The company attributes these expectations to its…

MondayJul 12, 2010 2:04 pm

XO Holdings (XOHO.OB) Subsidiary, XO Communications, Continues Expanding Footprint in Seattle Area

XO Communications announced today that they have expanded their network presence for the Seattle, WA market. Part of the XO Communications’ business strategy is to expand development in existing XO markets to serve more customers where a presence is already being felt. XO Communications, a leading nationwide provider of advanced broadband communications services and solutions for businesses, enterprises, government, carriers and service providers, presently has itself established in more than 75 metropolitan markets across the United States. This new expansion will allow XO to serve thousands of additional customers with its award-winning IP-based communications and manage network solutions while providing…

MondayJul 12, 2010 12:14 pm

Oilsands Quest Inc. (BQI) Updates Bitumen Resource Potential

Oilsands Quest Inc. released an updated assessment of its resource potential at several of its properties in Canada. McDaniel & Associates Consultants Ltd., an independent petroleum engineering firm, performed the assessments. Oilsands Quest Inc. said that the analysis was performed for the company’s properties at Wallace Creek, Axe Lake, Raven Ridge and Eagles Nest. McDaniel & Associates Consultants Ltd. assumed that the company would use Steam Assisted Gravity Drainage to develop the properties. McDaniel & Associates Consultants Ltd. estimated that the company’s properties at Wallace Creek contain discovered resources of between 249 million and 343 million barrels of bitumen, with…

MondayJul 12, 2010 12:11 pm

American DG Energy Inc. (ADGE) Signs Private Placement Deal

American DG Energy Inc. announced that the company has signed a private placement agreement with an institutional investor. The company will receive gross proceeds of $1 million when the deal closes. American DG Energy Inc. sold 400,000 shares of common stock to a single investor at a price of $2.50 per share. The company also awarded the same investor warrants to purchase 400,000 shares of EuroSite Power Inc. EuroSite Power Inc. is a newly formed subsidiary of American DG Energy Inc. that will focus on expanding into the European market. American DG Energy Inc. said that the warrants expire in…

MondayJul 12, 2010 12:05 pm

Industry Attention Turning to Cellceutix Corp. (CTIX.OB) as a Result of Cancer and Autism Research

Since Cellceutix began researching and developing Kevetrin for the treatment of multi-drug resistant cancers, the company's management team knew that they were on to something with great potential. At first, Kevetrin started as a compound that was being developed for head and neck cancers, but when it was discovered in pre-clinical trials that it could possibly be an effective chemotherapy treatment for strains of cancer that we non-responsive to standard therapies today, the realm of humanitarian and shareholder benefits greatly increased. The pre-clinical research required to file an Investigational New Drug (IND) application with the FDA has now been concluded…

MondayJul 12, 2010 11:44 am

Micro Identification Technologies, Inc. (MMTC.OB) Helps Fight the Deadly Bacteria War

All of humankind's destructive technologies are no match for nature's microscopic killers – bacteria. These invisible "bugs" manage to kill several million people a year. Of course, not all bacteria are killers...many are very useful. In fact, there are ten times as many bacterial cells in your body as there are human cells. Many of these bacteria are vital to the life process. Bacteria weren't even known to exist until they were discovered in 1676 by Antonie van Leeuwenhoek, who observed them using a magnifying lens of his own design. And it wasn't until 200 years later that the work…

MondayJul 12, 2010 11:19 am

Oil & Gas Firm Avalon Oil & Gas, Inc. (AOGN.OB) Acquires Attractive Acreage

Avalon Oil & Gas, Inc., www.avalonoil.com – an acquisition and development-focused producer of oil and gas, which also seeks out and refines energy production-enhancing technologies (via majority-owned subsidiary Oiltek, Inc.), entered into a letter of agreement to acquire an undivided 100% working interest in a 320-acre Vernon County, Missouri leasehold. With 70+ wellbores, 20 of which are production-equipped, AOGN is in a very good position to tap the estimated 8M+ barrels of oil trapped in the southwest and east-central portions of the lease due to its command of emergent recovery maximization technologies. The Company’s strategy, of leveraging a growing portfolio…

MondayJul 12, 2010 11:16 am

Fund.com, Inc. (FNDM.OB) Subsidiary AdvisorShares Pioneers Actively Managed Long/Short ETFs

Fund.com, Inc., www.fund.com, announced today that majority-owned subsidiary AdvisorShares Investments, LLC www.advisorshares.com – which offers a turnkey platform that leverages actively managed ETFs, launched its first actively managed long/short ETF - the Mars Hill Global Relative Value ETF (GRV). A first of its kind, GRV is an actively managed long/short ETF which utilizes the “Relative Value” methodology engineered by sub-advisor Mars Hill Partners, LLC (SEC-registered affiliate of Huntley Thatcher Ellsworth, Ltd.). Unprecedented capitalization on the spread between long and short positions, with enhanced resistance to both downside volatility and global equity market influence, makes the essential long/short structure very attractive.…

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