Blog - Page 3624 of 5514

WednesdayJun 16, 2010 7:29 am

Cytori Therapeutics (CYTX) Secures $20 Million Loan Facility

Yesterday, Cytori Therapeutics announced that it has entered into a secured loan facility from GE Capital, Healthcare Financial Services, Oxford Finance Corporation and Silicon Valley Bank. The loan, funded June 14, 2010, is worth $20 million. The loan term is three years at 9.9% with principal repayments deferred for ten months. Cytori will use $4.4 million of the proceeds to refinance a 2008 loan with GE Capital, Healthcare Financial Services and Silicon Valley Bank. Additionally, Cytori will issue warrants to the lenders to purchase 101,266 shares of its common stock for $3.95 per share. Cytori will use the funds to…

TuesdayJun 15, 2010 1:53 pm

Kingtone Wirelessinfo Solution Holdings Ltd. (KONE) Retains Christensen to Assist Its Investor Relations Efforts

Kingtone Wirelessinfo Solution Holdings Ltd. is a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more effectively manage their operations. The company's products, known as mobile enterprise solutions, extend an enterprise's information technology systems to include mobile participants. The company announced today that it has retained Christensen to design, facilitate and execute its investor and media relations programs. Christensen is well-respected and has extensive global investor relations expertise. It has successfully assisted many China-based, US-listed companies to achieve fair stock market valuations and strengthen brand recognition in the global capital markets and in…

TuesdayJun 15, 2010 1:50 pm

Funtalk China Holdings Ltd. (FTLK) Reports Large Increase in Fiscal 2010 Net Income

Funtalk China Holdings Ltd. reported net income of $13.7 million, or $0.27 per diluted share, in the fourth quarter of fiscal 2010. The company earned net income of $2.6 million, or $0.06 per diluted share, in the same quarter of fiscal 2009. Funtalk China Holdings Limited also reported a large increase in net income in fiscal 2010 over last year. The company earned net income of $31.8 million, or $0.63 per diluted share, in fiscal 2010, compared to net income of $20.1 million, or $0.45 per diluted share, in fiscal 2009. Sales increased by 50% during the same time frame,…

TuesdayJun 15, 2010 1:10 pm

Far East Energy Corp. (FEEC.OB) Secures Lucrative New Gas Sales Agreement

Far East Energy Corp., www.fareastenergy.com – the Houston-based energy developer with offices in Beijing, Kunming and Taiyuan, and a focus on coalbed methane (CBM) in China, announced the successful completion of negotiations for a gas sale agreement (GSA) with partner China United Coal Bed Methane Corporation (CUCBM) and Shanxi Provincial Guoxin Energy Development Group Co., Ltd. (SPG). The GSA calls for the sale of all CBM from the Shouyang Production Sharing Contract area (the Shouyang Block) at RMB1.5 per cubic meter (which includes all extant Chinese government subsidies), or $6.55 per Mcf (Mcf = 1,000 cubic feet). President and CEO…

TuesdayJun 15, 2010 1:06 pm

Minatura Gold (MGOL.OB) Re-Sampling at Anori Project in Colombia Validates Gold Concentrations

Minatura Gold, www.minaturagold.com – the US-based mineral exploration firm with developed infrastructure in Colombia that takes a micro-ecosystem, community-building approach to setting up mining operations, today reported favorable preliminary results on the recent independent sampling done at the Anori Project. The Company anticipates releasing all data on the entire re-sampling program later this month and will put more resources into the Anori Project based on the strength of final analysis. The 17,736-acre Anori Project is an agglomeration of contracts and claims 110 miles NE of Medellin in the Department of Antioquia, Colombia, which sits adjacent to a host of artisan…

TuesdayJun 15, 2010 11:59 am

Attune RTD (AURT.OB) Announces OTCBB Listing Approval

Attune RTD, a provider of smart products that eliminate inefficiencies and reduce energy consumption, announced that it has successfully listed its company on the Over the Counter Market (OTCBB). Today, June 15, 2010, marks the company's first day of trading on the OTCBB. Leveraging patented, proprietary technology, the company's products promote energy conservation in the new Smart Grid utility infrastructure. Attune's flagship product, BrioWave™, conserves energy and reduces costs through an electronic control center with timing mechanisms linking the residential households Smart Meter to the HVAC unit and pool filtration pump wirelessly through its Zigbee interface. The product is specifically…

TuesdayJun 15, 2010 11:50 am

National Automation Services, Inc. (NASV.PK) Management Team Leads with Proven Expertise

National Automation Services Inc. is determined to expand its operational presence across multiple industries and across the country. The Nevada based company has already established itself throughout all of the western U.S., and several other states, as the best-source provider of advanced technology automation and control systems, and has been successful in servicing a range of industries, including water and wastewater treatment, mining, pharmaceutical, electric utility, and semiconductor processing, to name just a few. The people behind this aggressive strategy are depending upon the depth and breadth of their own expertise and experience to pull it off. • Robert W.…

TuesdayJun 15, 2010 11:05 am

Tombstone Exploration Corp. (TMBXF.OB) is “One to Watch”

Tombstone Exploration Corp., established to capitalize on today’s increasing demand and prices for both precious and base metals, has acquired the mineral rights to approximately 11,500 acres of historical mining land (with additional land pending) and is the largest holder of land in the Tombstone Mining District. Through strategic expansion, the company plans to acquire additional properties, as well as integrate the extraction of precious metals and other minerals. Tombstone Exploration's management team has positioned the company for rapid production and financial success. Relationships and agreements are in place, properties are in hand and additional properties are under review and…

TuesdayJun 15, 2010 10:02 am

B Green Innovations, Inc. (BGNN.OB) and Living Direct Partner to Sell VibeAway®

Yesterday, B Green Innovations, Inc. and Living Direct, Inc. announced that they have partnered to sell VibeAway®. The product, which remedies the timeless problem of walking, vibrating and shaking washing machines, is environmentally responsible. LivingDirect.com will market this product towards consumers seeking eco-friendly products. LivingDirect.com is a multi-million dollar eCommerce enterprise that is consistently recognized in the Internet Retailer Top 500 Guide of America's largest e-retailers. In 2007, Entrepreneur Magazine selected LivingDirect.com as a “Hot 500 Fastest Growing Business;” in 2008, LivingDirect.com ranked in Inc.com's "5,000 Fastest Growing Private Companies in America.” In addition, the company is a proud member…

TuesdayJun 15, 2010 10:00 am

Cagle’s, Inc. (CGL.A) Reports Strong Net Income in Fiscal 2010

Cagle's, Inc. reported net income of $2.5 million, or $0.55 per share, for the fiscal year 2010, which ended 4/3/2010. The company reported a loss of $11.5 million, or ($2.48) per share, in fiscal 2009. Cagle's, Inc. said that the large loss in fiscal 2009 was caused by a drop in product sales combined with rising costs, including energy and feed costs. Cagle's, Inc. also reported an improvement in sales in fiscal 2010. The company reported sales of $292.5 million in fiscal 2009, compared to $307 million in fiscal 2010. Cagle's, Inc. sells fresh and frozen chicken on a retail…

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