Blog - Page 3642 of 5669

WednesdayOct 27, 2010 9:05 am

Lotus Pharmaceuticals, Inc. (LTUS) Receives Phase I Approval for Asthma Drug

Lotus Pharmaceuticals, Inc. reported that the company has received approval from the regulatory authorities in China to begin Phase I clinical trials for one of its drug candidates - R-Bambuterol Hydrochloride, which is used to treat Asthma Lotus Pharmaceuticals, Inc. said that the Phase I trials would include studying the tolerance of the drug in humans, and pharmacokinetics, which is the study of what the body does to the drug after dosage. Lotus Pharmaceuticals, Inc. said that research conducted by a third party indicated that the Asthma market in China is approximately $300 million annually, and as many as 40…

WednesdayOct 27, 2010 9:01 am

Zim Corp. (ZIMCF.OB) Lights a Fire with the Acquisition of Torch

Located in Ottawa, Canada, Zim has earned a stellar reputation as a provider of software products and services for the database and mobile markets. Today, Zim announced a major step towards prominence with the acquisition of Torch Technologies. Torch Technologies has products that are well known within Zim’s customer community for their Database Migration tools and has a product portfolio that allows enterprise clients to rapidly and cost effectively migrate and manage multiple database platforms. In this deal, Zim will acquire all of Torch’s technology assets. Leading the way at Zim is Dr. Michael Cowpland who serves as the company’s…

WednesdayOct 27, 2010 8:53 am

Barrett Business Services, Inc. (BBSI) Reports Third Quarter Results

Barrett Business Services, Inc. reported strong year over year increases in net income and sales in the third quarter of 2010, ending September 30, 2010. Barrett Business Services, Inc. reported net income of $3.7 million, or $0.36 per diluted share, in the third quarter of 2010, compared to net income of $2.9 million, or $0.28 per diluted share, in the corresponding quarter of 2009. Net sales also came in higher for Barrett Business Services, Inc., with reported net sales of $73.9 million in the third quarter of 2010, compared to $65.5 million in last year’s third quarter. Barrett Business Services,…

WednesdayOct 27, 2010 8:50 am

Vicor Technologies (VCRT.OB) Advancing Sports Science by Assessing Concussions in NCAA Athletes

Concussions in competitive sports at all levels are the subject of incredible amounts of discussions today. After years of being somewhat dismissed as simply part of a game, the long-term effects of a concussion, not to mention several concussions, are starting to become fully realized with concerted efforts to prevent them now a primary focus of regulators across the board today. All rule changes and other disciplinary actions aside, a key focus is falling where it should; on the health of the victim of the concussion. Vicor Technologies announced yesterday that it has received Institutional Review Board (IRB) approval from…

WednesdayOct 27, 2010 8:46 am

Mainland Resources, Inc. (MNLU.OB) Completes Key Stage, Enters Final Stage of Drilling

Yesterday, Mainland Resources, Inc. updated its progress on drilling operations on their Buena Vista Prospect in Jefferson County, MI. This is located in what is being considered the fourth largest gas field in the world. Mainland Resources, Inc., an oil company that explores oil and gas resources, has drilled their Burkley-Phillips No. 1 well to a depth of 17, 872 feet, and has detected potential gas productive intervals in the shale. Mainland's current initiatives are focused on acquiring leases on land in emerging gas regions that show potential for oil and gas discovery. The Buena Vista Prospect has so far…

WednesdayOct 27, 2010 8:45 am

PHIGroup, Inc. (PHIE.OB) Subsidiary Updates Pointe91 Development Schedule

Yesterday, PHIGroup, Inc. released news that its subsidiary, PHILand Ranch Ltd., has submitted an updated implementation schedule to the Chu Lai Open Economic Zone Authority for its Pointe91 development project at Bien Rang, Vietnam. The company engages in the development of master-planned communities, residential and commercial properties, hospitality and healthcare services in Vietnam and Southeast Asia The 120-acre Pointe91 development is located on an exclusive and majestic bluff overlooking the South China Sea. Pointe91 will offer exclusive luxury accommodations including 227 grand private residences in seven separate communities, an exclusive five-star beach hotel and spa and 30 detached premium residences…

WednesdayOct 27, 2010 8:42 am

High Plains Gas, Inc. (NXPND.OB) Provides Update on Their Operations

Yesterday, High Plains Gas, Inc. announced an update on their operational activities in the Powder River Basin of Wyoming. Concerning the Dry Fork Project, the Company has secured the lease making up the Project in the Powder River Basin (PRB). High Plains Gas has drilled seven wells on the lease with three beginning to show gas. They own other wells in the area that have been producing gas for more than seven years. In addition to proven production, the Company maintains secure control of all gas flow around, to and from the Project. The initial phase of the Dry Fork…

WednesdayOct 27, 2010 8:34 am

Triangle Petroleum Corp. (TPLM.OB) Provides Comprehensive Corporate Update

Triangle Petroleum, www.trianglepetroleum.com – the independent oil and gas exploration and production firm with some 475k gross acres in Nova Scotia at the Windsor Block and another 13k net acres in the Williston Basin targeting the Bakken Shale/Three Forks, announced several new strategic initiatives in addition to an operational status update and 2011 projected drilling schedule. A joint venture with two Oppenheimer & Co, Inc. investment funds operating out of NY, OGR (Oppenheimer Global Resource Private Equity Fund I) and a related co-investment fund went into effect on the 22nd of this month. A $25M capital commitment from OGR directed…

WednesdayOct 27, 2010 8:31 am

Sohu.com Inc. (SOHU) Announces Solid Q3 2010 Results

Sohu.com, www.sohu.com – China’s top online brand, with a domain for just about everything from searching to gaming, integrates such a dizzying array of web properties, social media/community-based and web 2.0-driven entities at its main portal that it has become an indispensable hub of activity for the lives of millions of Chinese daily and it comes as little surprise that a recent announcement of unaudited Q3 (ended Sept. 30) financials set new records. Chairman and CEO of SOHU, Dr. Charles Zhang, beamed at the record quarter which posted solid revenue/gross margin growth in every one of the Company’s major business…

WednesdayOct 27, 2010 8:06 am

Uranium Energy Corp. (UEC) Announces Completion of $27.5 Million Financing

Uranium Energy Corp. announced today that, effective yesterday, it has completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the company, at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20. Each Unit consists of one common share of common stock and one-half of one transferable common stock purchase warrant of the company, with each such whole warrant being exercisable for one additional common share of the companyat an exercise price of $3.95 per warrant share for a period of one year from closing. Amir Adnani, president and CEO commented,…

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