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WednesdaySep 29, 2010 1:37 pm

Micro Identification Technologies, Inc. (MMTC.OB) Receives Additional Funding

Micro Identification Technologies Inc., creator of the MIT 1000, the world’s first and only non-biological automated system for identifying bacteria, announced today that it has entered into a securities purchase agreement with a privately held New York investment banking firm. The terms of the agreement call for an 8% note set to mature on May 18, 2011. In addition, the note is convertible into common shares, in total or in part, prior to the maturity date, commencing 180 days following the date of the note. The company will be hosting a Webinar 9/29/10 at 4:00 PM EDT (1:00 PDT) to…

WednesdaySep 29, 2010 8:30 am

Simulated Environment Concepts, Inc. (SMEV.PK) Goes Irish

As well as being the Director of the National Training Centre (NTC), Ireland’s leading education campus for health, fitness, and bodywork therapy, John Sharkey is the founder and developer of European Neuromuscular Therapy. He’s an experienced Exercise Physiologist and Neuromuscular Therapist, and works closely with the Irish Olympic Team. So when Simulated Environment Concepts Inc. first introduced their revolutionary SpaCapsule personal health and relaxation system to Ireland, John was one of the top professionals they knew they had to impress. John’s professional evaluation was unequivocal: “This is a great unit, there’s no doubt about it.” Even to a trained therapist,…

WednesdaySep 29, 2010 8:27 am

China North East Petroleum Holdings Ltd. (NEP) Reaches Agreement to Drill Wells in Inner Mongolia

China North East Petroleum Holdings Ltd. announced that the company has reached an agreement to provide oil drilling and other services at an oil field in Inner Mongolia. China North East Petroleum Holdings Ltd. said that Song Yuan Tiancheng Drilling Engineering Co. Ltd., which is the company’s oil services subsidiary, agreed to drill one hundred wells for Beijing Junlun Runzhong Technology Co. Ltd. China North East Petroleum Holdings Ltd. purchased Song Yuan Tiancheng Drilling Engineering Co. Ltd. in 2009, and has entered into six drilling agreements with various parties since then. The company has drilled a total of 142 wells…

WednesdaySep 29, 2010 8:09 am

Zoom Technologies, Inc. (ZOOM) Leimone Brand Sees Tenfold Guidance Increase

Zoom Technologies, a Chinese manufacturer of mobile phones, announced today that orders for its Leimone branded mobile phones continue to be strong in the second half of 2010. In response, Zoom is increasing its unit sales guidance for the brand by 17% - up from 600,000 to 700,000 - representing a tenfold increase from 2009. In the first half of 2010, Zoom sold approximately 128,000 Leimone branded phones, and in the second half of the year the company expects to sell 580,000, including 100,000 of a new 3G model. Being sold through both China telecom as well as other retail…

WednesdaySep 29, 2010 8:06 am

Integral Technologies, Inc. (ITKG.OB) Obtains 6th License on State-of-the-Art ElectriPlast(TM)

Located in Bellingham, Washington, Integral Technologies has made a name for itself in the marketplace as a developer of an innovative electrically conductive resin-based material called ElectriPlast (TM). ElectriPlast is a highly conductive recipe that can be molded into any dimension or shape associated with a wide range of plastics, rubbers and other polymers. Today, Integral Technologies took a major step towards prominence with the announcement they have obtained a 6th License Agreement for ElectriPlast. The License Agreement was not published to allow Integral Technologies to have a competitive advantage in utilizing ElectriPlast. The Licensee will use ElectriPlast to provide…

WednesdaySep 29, 2010 7:55 am

Nevada Geothermal Power Inc. (NGLPF.OB) Reports Results for Year Ending June 30, 2010

Nevada Geothermal Power Inc. (NGP) announced results yesterday for the year ending June 30, 2010. Gross margin for the year was $4.2 million and net loss increased to $18.0 million. Company highlights include the Faulkner 1 power plant start up October 10, 2009. A U.S. federal government cash grant was received ($57.9 million) during November 2009. Power production increased to average 37 MW by the fourth fiscal quarter. Highlights also include an application with John Hancock for a loan guarantee under the FIPP (Federal Institutions Partnership Program) and conditional commitment June 15, 2010. Nevada Geothermal Power Inc.’s President and CEO…

TuesdaySep 28, 2010 5:01 pm

PolyMedix, Inc. (PYMX.OB) Commences Phase 2 Trials for Systemic Antibiotic

PolyMedix Inc. is an emerging biotechnology company focused on therapeutic drugs to treat serious acute cardiovascular disorders and infectious diseases. The company today announced that it has initiated a phase II clinical trial in Canada for its novel defensin-mimetic antibiotic PMX-30063. Designed to mimic the activity of the body’s natural defense against bacterial infections, PMX-30063 is the first and only systemic antibiotic of its kind. The phase II trial will enroll up to 200 patients at multiple sites in Canada with a desired end-point to determine the safety and efficacy of PMX-30063 for the treatment of acute bacterial skin and…

TuesdaySep 28, 2010 4:07 pm

BlueFire Renewables (BFRE.OB) Inks Agreement with Cooper Marine & Timberland to Promote Biomass Production

BlueFire Renewables Inc. engages in the production of renewable fuels from non-food cellulosic wastes in a broader effort to alter fuel dependence. The company yesterday announced a 15-year contract with Cooper Marine & Timberland (CMT), in which CMT will provide feedstock for BlueFire's planned cellulosic ethanol facility in Fulton, Miss. CMT channels its resources to build one of the largest forest product systems in the South. CMT has established a self-contained cost base and through vertical integration covers every aspect in the sale and production of forest products. Per the agreement, CMT will supply BlueFire's project with enough feedstock to…

TuesdaySep 28, 2010 3:12 pm

Uranium Energy Corp. (UEC) Loosens the Noose

When a consumer buys a manufactured item, the ubiquitous “Made In China” label says their money is going overseas. When they fill up their car at the gas pump, it’s the same thing but far bigger than just China and Saudi Arabia. The flow of cash from the U.S. to other parts of the world has become a flood. The U.S. trade deficit with China alone is now roughly a quarter of a trillion dollars. In this age of globalization, the U.S. has become hugely dependent upon the goodwill of other nations. With outside interests controlling both cash and vital…

TuesdaySep 28, 2010 3:04 pm

Artfest International, Inc. (ARTS.OB) Receives $15M Equity Financing to Expand Asset Base

Fine art and memorabilia company Artfest International Inc. today announced its agreement with AGS Capital Group to secure investment capital of up to $15 million through a Reserve Equity Financing Facility. Per the agreement, New York-based AGS will purchase up to $15 million worth of Artfest’s common stock for cash consideration after Artfest’s Form S-1 filing with the SEC goes into effect. The deal does not prohibit Artfest from raising additional debt or equity financings. The financing will allow Artfest to enhance its companies and broaden its offerings. "I'm extremely excited to have this financial facility available for Artfest. We…

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