Blog - Page 3624 of 5591

WednesdaySep 01, 2010 12:58 pm

iBio, Inc. (IBPM.OB) Teams up with Two Strong Industry Players to Develop and Market Biopharmaceutical Solutions

Biopharmaceutical company iBio Inc. is commercializing its proprietary iBioLaunch(TM) platform to produce biologics including vaccines and therapeutic proteins. The company today announced that it has entered into a joint agreement with its development collaborator Fraunhofer USA Center for Molecular Biotechnology (CMB), and GE Healthcare, a unit of General Electric Company (NYSE: GE), to collaboratively develop and globally market manufacturing solutions for biopharmaceuticals and vaccines based upon their respective proprietary technologies. Financial terms of the agreement were not disclosed. The initiative combines GE Healthcare's capabilities and worldwide presence in life sciences, iBio's iBioLaunch plant-based vaccine and therapeutic protein manufacturing platform, and…

WednesdaySep 01, 2010 10:08 am

Kore Nutrition (KORE.OB) Retains LBM Sales to Market and Distribute ALL IN Beverage Product Line

Kore Nutrition Inc. and its wholly owned subsidiary Go All In Inc. today announced their business partnership with LMB Sales Inc., in which LBM will represent and market ALL IN’s non-alcoholic beverage products throughout the Western United States. LBM will serve as one of Kore's initial key distributors. The California-based marketing and distribution company has a network of established relationships with some of the largest and most well-known retail distributors in the U.S. and has a successful track record of attracting new retail clients. Kore said it will first target major retail store chains such as Kroger, Walgreens, 7-Eleven, Costco…

WednesdaySep 01, 2010 10:05 am

China Interactive Education, Inc., (CIVN.OB) Announces Appointment of New Chief Financial Officer

China Interactive Education, Inc., a pioneer in providing interactive teaching and learning solutions to China 's educational institutions, professional training schools, and individuals, recently announced that the company has appointed Mr. Hon Wan Chan as chief financial officer, effective September 1, 2010. Mr. Chan replaces Mr. Ting Pong Cheung, the former chief financial officer, who resigned on August 31, 2010, for personal reasons, and not in connection with any disagreement with the company. With more than 25 years of experience in overseeing accounting and finance matters for emerging market companies, Mr. Chan earned his master’s degree in accounting from the…

WednesdaySep 01, 2010 9:17 am

Consorteum Holdings, Inc. (CSRH.OB) Successfully Deploys Payment Cards Pilot Program for First Nations

Consorteum Holdings, Inc. was pleased to announce this morning that on July 27, 2010, its client, First Nations Financial Services ("FNFS"), deployed its first pilot program of MasterCard benefits cards. As previously agreed to, FNFS funded the expenses of the pilot, which was launched with the Madawaska Maliseet First Nation Community, in Edmundston, New Brunswick, Canada. Targeted at the community's administration group, the pilot will provide valuable data for expansion of the program. According to the press release, Consorteum Holdings will launch a multi-location pilot rollout in the next 2-3 months subject to the success of the pilot and to…

WednesdaySep 01, 2010 8:25 am

Accuray Inc. (ARAY) Reports Q4 FY2010 Financial Results

Accuray Inc. reported strong increases in sales and net income on a year over year basis in the fourth quarter of fiscal 2010, ending 6/30/2010. The company reported net income of $5.0 million, or $0.08 per diluted share, in the fourth quarter of fiscal 2010, compared to net income of $1.2 million, or $0.02 per diluted share, in the same quarter in fiscal 2009. Accuray reported a 5% increase in sales in the fourth quarter of fiscal 2010. The company had sales of $61.8 million in the quarter, compared to sales of $58.8 million in the final quarter of fiscal…

WednesdaySep 01, 2010 8:22 am

Yasheng Group (YHGG.QB) Starts Trading Common Stock on OTCQB Stock Market

The Yasheng Group is a young entity that has started to establish a name for their company among investors. Located in Redwood City, California, the Yasheng Group is a diversified agriculture conglomerate with their core business focused on hi-tech agriculture which takes advantage of Yasheng’s use of extensive fertile lands in China. Today, the Yasheng Group took a major step towards prominence with the announcement their common stock will be traded on the OTCQB Stock Market. This move by Yasheng is a prime indicator the corporation may move to a senior U.S. securities exchange in the future as the company’s…

WednesdaySep 01, 2010 8:19 am

Concurrent (CCUR) Reports Results For Fiscal 2010

Concurrent reported a decline in sales and a net loss for fiscal 2010 due to lower capital expenditures by some of its customers. Concurrent reported sales of $60.4 million in fiscal 2010, compared to $71.6 million in fiscal 2009. The company reported a net loss of $1.0 million, or ($0.12) per diluted share in fiscal 2010, compared to a net loss of $14.4 million, or ($1.75) per diluted share in fiscal 2009. The large net loss in fiscal 2009 was caused by a $17.1 million impairment charge. The management of Concurrent attributed the decrease in sales in fiscal 2010 to…

WednesdaySep 01, 2010 8:17 am

Silverado Gold Mines Ltd. (SLGLF.OB) Drill Core Examination Shows Mineralized Widths Over 60 Feet

Silverado Gold Mines Ltd. noted in a press release yesterday that the antimony markets have advanced from $4,000 per tonne (2200 lbs.) in early 2009 to $9,800 per tonne in July 2010. This is according to Martin Hayes, chief correspondent of TheBullionDesk.com, a London metals trading company. The U.S. Geological Survey (USGS) shows that China produced 170,000 tonnes of antimony out of a total 2009 global output of 187,000 tonnes. China is the world's largest producer of antimony. Chinese smelters are being rebuilt to upgrade scrubbing systems (pollution controls) and mine production is off dramatically due to mine closures because…

WednesdaySep 01, 2010 8:15 am

Micro Identification Technologies, Inc. (MMTC.OB) Builds Manufacturing To Meet Growing Demand

Micro Identification Technologies Inc., developers of the MIT 1000, a patented microbial identification system that can identify bacteria faster and less expensively than any other method available, today announced that it is making significant progress in the production of the MIT 1000. This is important, since demand for the revolutionary system, already used by the U.S. Department of Agriculture and the Japanese Ministry of Food Safety, has been building. Their success in growing manufacturing capability is due largely to the company’s recent manufacturing alliance with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (NASDAQ: OSIS), to produce the MIT 1000.…

TuesdayAug 31, 2010 3:49 pm

Delek Group Ltd. (DGRLY.PK) Posts First Half and Q3 2010 Financial Results

Delek Group Ltd. today reported its financial results for the three- and six-month period ended June 30, 2010. Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009. For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas. Operating profit in the second quarter of 2010…

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