TuesdayApr 06, 2010 12:26 pm

Fund.com, Inc. (FNDM.OB) Finalizes Acquisition of Weston Capital, Moves to Dominate Active ETF Market World Wide

Fund.com (FNDM) subsidiary, AdvisorShares, can now maximize leverage from its proprietary exchange-traded fund platform and worldwide distribution capacity, providing FNDM the ability to offer hedge funds and actively-managed ETFs to retail and institutional customers on a global scale, thanks to the recent acquisition of Weston Capital Management, a fund of funds (FoF) and single-manager hedge fund developer (actively engaged in raising capital to seed new hedges). CEO of FNDM, Gregory Webster, noted the abundant, parallel synergies between AdvisorShares and the West Palm Beach, Florida-based Weston Capital, which possesses the global footprint that will prove indispensible to capitalizing on the framework…

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TuesdayApr 06, 2010 12:18 pm

China Shuangji Cement, Ltd.’s (CSGJ.OB) Zhaoyuan Plant Nears Completion

China Shuangji Cement, Ltd., which controls a network of entities and affiliates that collectively represent one of the People’s Republic of China’s (PRC) top manufacturers of High-Quality Portland cement, provided a detailed update on the status of its Zhaoyuan Cement Production Facility, which is almost fully equipped and operational. With current production capacity of 1.5M tons/year deriving from its two production facilities, Hainan Province and Shandong (where the new Zhaoyuan plant is located), a 2.5M tons/year capacity is projected upon the completion of the new facility, located just 5 miles south of the existing Shandong site and directly on a…

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TuesdayApr 06, 2010 12:14 pm

China Yongxin Pharmaceuticals, Inc. (CYXN.OB) Posts FY 2009 Results Boosted by China Economy

China Yongxin Pharmaceuticals Inc., a vertically integrated health products company in China, today announced its financial results for the year ended December, 31, 2009. The company’s 2009 net income increased 26 percent to $5.1 million, up from the $4.1 million reported in 2008. The company attributes the increase to higher margin sales and an increase in profits driven by retail product sales. Revenues for the year ended December 31, 2009, decreased 19.5 percent to $47.6 million compared to $59.1 million for 2008. The decrease was due to the switch from a wholesale business strategy to the retail and medical facilities…

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TuesdayApr 06, 2010 11:22 am

Artfest International, Inc. (ARTS.OB) Signs Distribution Agreement with Time Warner Cable

Artfest International Inc. sells and distributes art and sports memorabilia through its website and its subsidiary, Art Channel Inc. The company today announced that Time Warner Cable will be the distribution outlet of Artfest International's “Artfest Direct” program to 550,000 Time Warner Cable customers. The company has an “On-Demand” distribution agreement with Time Warner, which is the second largest cable operator in the country. This agreement will give Artfest International its base for the development of the Art Channel “On-Demand” program. Starting next month, Artfest will be showcasing its art and sports memorabilia on its Time Warner Art Channel program…

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TuesdayApr 06, 2010 11:20 am

NetSol Technologies, Inc. (NTWK) Means Intelligence

NetSol Technologies Inc., a worldwide provider of global business services and enterprise application solutions, is ultimately all about intelligence, business intelligence. The whole idea behind the application of computer technology to the business environment is based upon the collection and processing of information in such a way as to enable the most accurate assessments and smartest decisions. This is where NetSol excels. NetSol Technologies Business Intelligence delivers fully customized and integrated enterprise BI solutions, incorporating proven SAP BusinessObjects™ tools such as Xcelsius® and Crystal Reports®, advanced processing that allows for quick and accurate analysis and evaluation of virtually any type…

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TuesdayApr 06, 2010 9:53 am

Aquentium Inc. (AQNM.OB) Offers Opportunities for Distributorship in Idaho

One company that is starting to the catch attention of investors is Aquentium Inc. Located in California, Aquentium uses their marquee product, the Ozone System, to eliminate or reduce pathogens by destroying the cell wall. Today, Aquentium took a major step towards enhancing its future with the announcement that they will offer distributorship opportunities in the State of Idaho. Aquentium will offer its Ozone equipment in Idaho as an alternative to chemicals of both air and water. Aquentium believes their Ozone can combat e-coli, salmonella, listeria and other bacteria or viruses that are being used by companies in their production…

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TuesdayApr 06, 2010 9:22 am

Genta Inc. (GETA.OB) Shares Soar on FDA Fast Track Designation for Gastric Cancer Candidate

Biopharmaceutical company Genta Inc. focuses on innovative products for cancer treatment. The U.S. Food and Drug Administration (FDA) has granted Genta’s request for Fast Track designation of the company’s late phase 2 oncology product tesetaxel for treatment of patients with advanced gastric cancer. The FDA grants Fast Track designation in order to accelerate the review of new drugs that are intended to treat serious or life-threatening conditions. The designation typically opens the door for the company to submit New Drug Application (NDA) on a "rolling" basis with ongoing FDA review during the submission process. In the completed phase 2a study,…

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TuesdayApr 06, 2010 9:19 am

Elray Resources, Inc. (ELRA.OB) Adds to Portfolio by Acquiring Property in Ecuador

Elray Resources, Inc., a junior exploration and development company, announced this morning that they have acquired the rights to the property known as Picacho, in Ecuador's legendary El Oro Province, southeastern Ecuador. This property has strong possibilities as records show that the major regional mining company SADCO extracted over 4.5 million ounces from the region between 1905 and 1950 with an average grade of 14.5 grams/ton of gold. Other projects in this same geographic area have millions of ounces of gold measured and indicated. Elray accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia and…

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TuesdayApr 06, 2010 9:16 am

Bullion Monarch Mining, Inc. (BULM.OB) Commences 3000m Diamond Drill Program

Publicly traded natural resource development company Bullion Monarch Mining Inc. announced that it has commenced a 3000m diamond drill program with its JV partner, Dourave. Targeting the Bom Jesus project in Northern Brazil, BMM has earned a 33.3% interest in this and the Bom Jardim properties by providing capital for exploration. The exploration results confirm the investment Bullion Monarch Mining chose to make in the Bom Jesus project. The high grade surface sampling, underground vein samples, strong geophysical and geochemical anomalies, the apparent presence of disseminated sulphides and intense alteration in drillcore samples all show the project’s potential. The company…

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