Blog - Page 3658 of 5589

TuesdayJul 27, 2010 7:47 am

First American Scientific Corp. (FASC.OB) Launches Biomass Recycling Plant in Okinawa, Japan

First American Scientific Corp. today announced that the Biomass Recycling Center Co. Ltd (BCR) in Uruma City, Okinawa, Japan has completed a 20,000 ton per-year waste wood pellet production facility. The project includes three KDS Model S-6 systems designed and engineered by JP Steel Plantech Co., First American’s licensee for Japan. First American’s patented KDS “Kinetic Disintegration System” generates a clean dry powder from waste biomass for domestic and industrial burners, creating heat for electrical power. The three independent production lines that comprise the plant are based on one KDS Model S-6 system with the ability to process 2,750 kgs…

TuesdayJul 27, 2010 7:33 am

NetSol Technologies, Inc. (NTWK) Commences Share Repurchase Plan of Up to 2 Million Shares

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that the Company's board of directors has authorized a share repurchase program for up to 2 million shares of the Company's common stock. The plan went into effect today and is expected to be completed within six months. NetSol's Chairman and CEO, Najeeb Ghauri, stated, "I am pleased to announce the Company's stock buyback plan, which we believe will increase the value of the shares held by our investors. We are very excited and bullish about our global business outlook, as demand for our…

MondayJul 26, 2010 3:00 pm

Yayi International Inc. (YYIN.OB) Posts Solid Projections for Fiscal Q1 Growth

Yayi International Inc., a leading producer and distributor of premium goat milk formula products in the People's Republic of China, today said it expects to report strong sequential growth in the first quarter of its new fiscal year ended June 30, 2010, anticipating a 66% increase in revenues. The company based expectations on preliminary results for the first quarter. Revenues for the three months ended March 31, 2010 are unaudited and have not been reviewed because the company changed its fiscal year-end from October 31 to March 31 earlier this year. Yayi International said it expects revenues of approximately $7.5…

MondayJul 26, 2010 2:57 pm

PetroAlgae, Inc. (PALG.OB) Signs Huge BioCrude Agreement with Leading Korean Cleantech Firm Eco-Frontier

PetroAlgae Inc., www.petroalgae.com, today announced it has signed a Non-Binding Commercial Offtake Agreement (via operating subsidiary PA LLC) with Korean renewable energy and cleantech management firm Eco-Frontier. The co-product of PALG’s commercial micro-crop technology system is high-quality proteins, which are a source of nutritious concentrate (with demonstrably higher amino acid content and composition than alternatives) massively in demand in the animal feed industry. Additionally the technology yields 25-100x as much as traditional macro-crops like soy or corn, which are used for biodiesel, while enabling 98% of the water used in the system to be recycled on-site. Because the primary mechanism…

MondayJul 26, 2010 2:53 pm

CrowdGather, Inc. (CRWG.OB) Acquires Lefora, Moves to Dominate Hosted Forum Market

CrowdGather, Inc., www.crowdgather.com – one of the biggest agglomerations of community-focused forums featuring the CrowdGather Network (packed with thousands of vibrant and highly engaged, user-driven communities registering some 90M targeted page views and 4.5M unique visitors per month), disclosed details regarding the signing of a definitive agreement to acquire the technical assets from Lefora today. Lefora, started by a small team of Internet and game pioneers fed up with the inferiority of existing online forums, quickly rose to over 100,000 forum communities since its inception in April, 2008, due largely to its social media and SEO-enabled features, as well as…

MondayJul 26, 2010 1:05 pm

Alveron Energy Corp‏. (AECP.OB) is “One to Watch”

Alveron Energy Corp. is a development stage company that trades on the OTC Bulletin Board. The Company incorporated under the laws of the State of Delaware on November 18, 2003. They are a development stage wind and hydroelectric energy generation enterprise. Alveron Energy Corp‏. has their corporate headquarters in Toronto, Ontario. From their beginning to September 2007, the Company was focused on providing a vehicle for a foreign or domestic non-public company to become an SEC reporting publicly traded company. However, the Company shifted their focus to becoming the aforementioned wind and hydroelectric energy generation company. Earlier this year, the…

MondayJul 26, 2010 11:09 am

Northwest Bancshares, Inc. (NWBI) Reports Higher Second Quarter Earnings for 2010

Northwest Bancshares, Inc. reported a doubling of net income in the second quarter of 2010 over the same quarter last year. The company earned net income of $16.1 million, or $0.15 per diluted share, in the quarter ending 6/30/2010, compared to net income of $7.3 million, or $0.07 per diluted share, in the corresponding quarter of 2009. Northwest Bancshares, Inc. also increased net income sequentially from the quarter ending 3/31/2010, when the company earned net income of $13.2 million, or $0.12 per diluted share. The management of Northwest Bancshares, Inc. reported growth in loans and deposits in the second quarter…

MondayJul 26, 2010 11:05 am

Delta Petroleum Corp. (DPTR) Signs Deal to Sell Non Core Assets

Delta Petroleum Corp. reported that it had signed an agreement to sell a group of assets to a private oil and gas company. Delta Petroleum Corporation will receive $130 million from the Wapiti Oil & Gas, L.L.C. for various properties located in Texas, Wyoming, Colorado and Nebraska. The company said that it considers the assets to be non-core to the company’s future growth and development. The sale is expected to close in August 2010. One of the reasons Delta Petroleum entered the transaction was so that it could reduce its leverage and increase liquidity. The company will now focus its…

MondayJul 26, 2010 9:52 am

Insight Imaging (ISGT.OB) Completes Major Acquisition

One company that is starting to capture the attention of investors is Insight Health Services Holdings Corporation ("Insight Imaging"). Located in Lake Forest, California, Insight Imaging has earned a stellar reputation as a provider of retail and wholesale diagnostic imaging services. Today, the company announced the acquisition of eight imaging centers. The acquisitions will be for imaging centers that will be located in Phoenix, Arizona, El Paso, Texas, and Las Cruces, New Mexico and will increase Insight Imaging’s sphere of influence. The news of these acquisitions comes on the heels of the young company’s previously announced sale of mobile imaging…

MondayJul 26, 2010 9:48 am

Micro Identification Technologies, Inc. (MMTC.OB) Ramping Up

Micro Identification Technologies Inc., developer of the revolutionary MIT 1000 patented microbial ID system, is targeting a rapidly growing market resulting from increased demands in the areas of food safety, general health, and homeland security. The company has already produced the system for a number of high-end organizations, including the U.S. Department of Agriculture, the Japanese Ministry of Food Safety, and even a university in Malaysia, and recently announced the initiation of an internal expansion program. The expansion is made possible by a manufacturing contract with OSI Optoelectronics to produce the systems, and an equity placement agreement from the private…

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