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MondayJan 04, 2010 9:10 am

Cushing MLP Total Return Fund (SRV) to Raise $1.9 Million In Stock Offering

The Cushing MLP Total Return Fund announced a public offering of 250,000 shares of common stock at $7.56 per share. The fun expects to receive $1.9 million in net proceeds from the offering, and will use the funds to invest in adherence with its objectives. The Cushing MLP Total Return Fund is selling the shares at a 20% premium to the net asset value of the fund on December 23, 2009. The total shares outstanding of the Cushing MLP Total Return Fund will increase to 12,536,691 after the offering closes in January 2010. The Cushing MLP Total Return Fund is…

ThursdayDec 31, 2009 4:04 pm

NetSol Technologies, Inc. (NTWK) Sets International Standard for Leasing and Finance Solutions

NetSol Technologies, Inc., the established provider of business services and enterprise software solutions to a growing global market, developed the NetSol Financial Suite (NFS) as a framework for robust and highly customized solutions that offer tight integration with existing systems across environments with multiple assets and languages. One major, fully-integrated component of the NFS is the industry-renowned LeaseSoft, NetSol’s suite of end-to-end leasing and finance software solutions. Developed for finance and lending industries around the globe, NetSol Technologies Limited has created a unique suite of Enterprise IT Managed solutions based on the proven LeaseSoft technology. LeaseSoft Asset is a specialized…

ThursdayDec 31, 2009 3:49 pm

ICP Solar Technologies Inc. (ICPR.OB) Signs Letter of Intent to Merge with EPOD Solar

ICP Solar Technologies Inc., an established innovator in every aspect of solar systems, from panels to monitoring and power management solutions (all based on unique and proprietary technology), announced today the signing of a letter of intent (LOI) with EPOD Solar Inc. (EPDS.OB). Based in Canada and headquartered in Kelowna, British Columbia, EPDS implements and runs a variety of solar parks in both North America and Europe. With proven expertise in developing the essential elements of the solar equation, from power generation to the manufacturing of panels, EPDS creates and installs solar panels in its own solar parks as well…

ThursdayDec 31, 2009 3:43 pm

Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering

Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering Saia, Inc. (SAIA) signed an agreement to sell 2.31 million shares of common stock at a price of $11.50 per share to a group of institutional investors. The company will receive $25.1 million in net proceeds, which will be used pay down outstanding debt. Saia, Inc. also amended its credit agreement with its lenders to waive compliance with certain of its debt covenants. The amendments permit non-compliance with certain leverage and fixed charge covenants through March 31, 2011. Saia, Inc. agreed to the following conditions in return for this waiver: •…

ThursdayDec 31, 2009 3:39 pm

Pyramid Oil Company (PDO) Demonstrates its Ability to Generate a Safe and Reliable Return

The energy markets are in a state of flux at the moment. Oil, gas, wind, geothermal and solar are all thought to be ways to invest in energy. Past oil and natural gas not going away anytime soon, no realistic forecast can indicate what the next mainstream power source will be. With this in mind, one can point to a certainty as it relates to investing. If a company has survived a boom and bust cycle for a sustained period, it will likely remain and be stable as additional booms and busts occur, regardless of the sector. Pyramid Oil Company,…

ThursdayDec 31, 2009 11:52 am

China Yongxin Pharmaceuticals, Inc. (CYXN) Announces 2009 Projected Financials

China Yongxin Pharmaceuticals Inc., a leading producer and distributor of Chinese traditional medicines, pharmaceuticals, health food, cosmetics, and related products, today announced projected financial results for the year ending December 31, 2009. Although net income for the year is projected to increase 35% to $5.4 million, over 2008, a shift in sales strategy has led to a reduction in projected revenues. 2009 revenues are now projected to be $46.1 million, down 22% from $59.1 million in 2008. The company’s sales strategy is being shifted from wholesale to the retail and medical facilities sector due to the uncertain direction of the…

ThursdayDec 31, 2009 10:09 am

Simulated Environment Concepts, Inc. (SMEV.PK) Signs Multi-Million Dollar International Distribution Agreement

Simulated Environment Concepts, Inc., makers of the high pressurized dry water massage and relaxation station SpaCapsule, was pleased to announce today that it has completed negotiations with the French company Zen & O. As a result of their negotiations, Simulated Environment Concepts secured a multi-million dollar deal to manufacture 250 SpaCapsules over the next four years. This agreement expands the company’s reach into central Europe. “This is a significant, multimillion dollar contract for a minimum of 250 units,” stated Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts. “It’s a clear indication that the personal wellness industry continues to…

ThursdayDec 31, 2009 9:51 am

Quadra Projects Inc. (QPRJ.OB) Signs Letter of Intent with Bio Earth to Market Carbon Black

Today, Quadra Projects took a major step towards enhancing their future with the signing of a Letter of Intent to market carbon black. The Letter of Intent was signed with Bio Earth Incorporated to jointly market quality carbon black produced by Quadra’s joint venture operations in Malaysia and Indonesia. This Letter of Intent will open up global prospects for Quadra. Bio Earth has a very productive relationship with the Government of Bangladesh, which is one of the prospective purchasers. When asked about the market for carbon black in countries in South East Asia and Bangladesh, Bio Earth’s President Brian Rabb…

ThursdayDec 31, 2009 9:35 am

National Holdings Corp. (NHLD.OB) Reports Record Revenues for 2009

Operating through its wholly-owned subsidiaries, National Holdings Corp., a full service investment banking company, yesterday reported record revenues for the company’s fiscal year ending September 30, 2009. National Holdings realized a net loss of $6.79 million on revenues of $116.59 million, compared to last year’s loss of $21.36 million on revenues of $82.14 million. After providing for cumulative dividends, the company had a basic and diluted net loss per share of $0.41; in 2008, the basic and diluted net loss per share was valued at $2.02. Additionally, outstanding basic and diluted shares were 16,760,243 for the fiscal year ending September…

ThursdayDec 31, 2009 9:32 am

Petaquilla Minerals Ltd. (PTQMF.OB) Appoints Ms. Julie Van Baarsen as the Company’s Chief Financial Officer

Petaquilla Minerals Ltd., a gold producer operating a 100 percent-owned gold processing plant in Panama, recently announced the appointment of Ms. Julie Van Baarsen as the company’s new chief financial officer effective January 1, 2010. Ms. Van Baarsen replaces Bassam Moubarak, who will remain with the company as a consultant through January to assist with the transition of the chief financial officer role. Prior to joining the company in January 2009 as the director of finance, Ms. Van Baarsen as worked in various industries in both the public and private sector and served as a former audit manager of Grant…

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