Blog - Page 3624 of 5615

MondaySep 27, 2010 8:16 am

Terra Nova Royalty Corp. (TTT) Signs Agreement to Purchase Mass Financial Corp.

Terra Nova Royalty Corp. reported that the company has signed an agreement to purchase all the outstanding shares of Mass Financial Corp, a trading and financial firm specializing in commodities and natural resources. Terra Nova Royalty Corporation will issue one share of the company in exchange for each share of Mass Financial Corp. The deal is valued at $225 million, and incorporates an adjusted book value for Terra Nova Royalty Corporation of $8.91 per share and $9.00 per share for Mass Financial Corp. Since Terra Nova Royalty Corporation will be increasing the company’s share count by more than 20%, the…

MondaySep 27, 2010 8:14 am

Strategic American Oil Corp. (SGCA) Positioned to Move Prospects to Drilling Stage

Strategic American Oil Corp. is a growth stage oil and natural gas exploration and production company with operations in Texas, Louisiana and Illinois. The company leverages 3D seismic data to locate and produce oil and natural gas in new and underexplored areas, and recently announced it has completed leasing the Oakdale NE (Northeast) Prospect in the Illinois Basin. The company evaluated geologic and trend information to assess the well’s control and performance potential; in light of satisfying results, the company is now developing its internal engineering report in an effort to set-up drilling plans on the Oakdale NE acreage. "The…

MondaySep 27, 2010 8:12 am

Environmental Tectonics Corp. (ETCC.OB) Posts Solid FY 2011 Results on Heavy Contract Bookings

Environmental Tectonics Corp.’s subsidiaries and strategic business units are separated in two distinct categories: The Training Services Group (TSG) for the aviation, space, mass entertainment and emergency response markets; and The Control Systems Group (CSG) for the HVAC/engine development, clinical medicine, pharmaceutical and animal care markets. Friday, the company announced its fiscal 2011 results, reporting sales for the second quarter ended August 27, 2010, at $13.24 million, up 34.3 percent compared to $9.86 million for the second quarter of fiscal 2010. Sales for the first half of fiscal 2011 were $25.36 million, a 30.5 percent increase over $19.44 million reported…

MondaySep 27, 2010 7:32 am

Micro Identification Technologies, Inc. (MMTC.OB) to Host Business Update Webinar

Micro Identification Technologies, Inc., creator of an advanced rapid microbial identification system, announced this morning that it will host a 30 minute Webinar later this week on Wednesday, September 29, 2010 at 1:00 pm (PDT), 4:00 pm (EDT). During the Webinar, John Ricardi, MIT's Executive Vice President, will provide a general Business Update to current and prospective customers and investors. After the presentation, an open question and answer session with MIT's staff, including its Chairman and CEO, Michael Brennan, will take place. Those interested in participating may register for this Event at https://www3.gotomeeting.com/register/427693966. The session will be recorded and placed…

FridaySep 24, 2010 2:39 pm

SED International Holdings, Inc. (SECX.OB) Extends Share Repurchase Program

SED International, www.SEDonline.com – a 30-year veteran multinational and preferred distributor of computer technology, small appliances, cellular products and consumer electronics, reported reservation of an additional $150k by the Board of Directors for stock repurchases under the Company’s current program. The reservation was made two days ago (Sept. 22) as part of the stock repurchase program, pursuant to which the Company is able to buy back shares of common stock via the open market or individually negotiated transactions. President and CEO of SECX, Jonathan Elster, confidently asserted that this extension of the repurchase program validates the Company’s steadfast commitment to…

FridaySep 24, 2010 2:37 pm

Synergy Resources Corp. (SYRG.OB) Reports Excellent Initial Flow Results at its State Lease

Synergy Resources, www.synergyresourcescorporation.com – the US-focused oil and gas firm with primary assets in the Denver-Julesburg Basin (Colorado, Wyoming, Kansas, and Nebraska), reported excellent initial results for a 24-hour flow testing session on eight wells at its “State Lease” today where SYRG operates all the wells and holds a 75% working interest. A statistical breakdown of these initial results can be found here. CEO of SYRG, Ed Holloway, took a moment to comment on these extremely promising results, which exceeded expectations, and characterized the data as justification of the Company’s strategy to develop an exploration and production portfolio centered on…

FridaySep 24, 2010 12:52 pm

Receivable Acquisition & Management Corp. (RCVA.OB) CEO Writes Letter to Investors

Receivable Acquisition and Management Corp. today in a press release published a shareholder letter from CEO Max Khan. The letter details the new direction of the company, which will focus on the Health Information Technology industry. It is anticipated that this industry will grow to be a $53 Billion industry by 2014. The entire shareholder letter is shown below: Dear Shareholders: We began investing in distressed consumer debt in 2004, but we had difficulty to scale up to desired levels due to an extraordinary increase in prices paid for this type of consumer debt. This was followed by the massive…

FridaySep 24, 2010 11:15 am

Genta Inc. (GETA.OB) – An Innovator in Cancer Treatment Drugs

Genta Inc. is a biopharmaceutical company focused on the development and commercialization of drugs for the treatment of people with cancer. The company has built a broad portfolio of proprietary products in various stages of clinical development. Genta's drugs in development include Ganite (gallium nitrate), Genasense (oblimersen sodium), Tesetaxel, and oral gallium. Here is a brief overview of Genta's four cancer drugs: • Tesetaxel is a novel, orally-absorbed taxane that is in the same class of drugs as docetaxel and paclitaxel. Tesetaxel has completed several Phase 2 clinical trials. The company has initiated studies of the drug in patients with…

FridaySep 24, 2010 11:12 am

Global Investor Services, Inc. (GISV.OB) Executes Agreement with Cougar Group for Expansion into Asian Markets

Located in New York, New York, Global Investor Services provides and delivers a comprehensive on-line program of investor education through its premier product line InvestView and offers an array of state-of-the-art technology to assist investors in making key decisions with their money. Today, Global made the announcement that they executed an agreement for global expansion into the Asian markets with the assistance of The Cougar Group. The Cougar Group is a corporation with headquarters in Hong Kong and affiliate firms in all 12 Asian markets. With the Cougar Group assisting Global, the young company intends to expand InvestView to Asian…

FridaySep 24, 2010 10:27 am

VizStar, Inc. (VIZS.OB) Flys Well Ahead of Competitors

Private aviation broker VizStar Inc., dba Celestial Jets, is unique in its industry, with some very specific things going for it. Headquartered in New York, the company provides upscale charter aviation services to entertainers, athletes, executives, and even government agencies. And it does it all on an as-need quick-response basis, without demanding membership or initiation fees. Customers just call and fly from any point to any other point, using any one of 5700 available aircraft, completely avoiding the wait and the hassle normally associated with air travel. • The company offers competitive charter rates, but without the upfront charges, an…

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