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TuesdayOct 05, 2010 1:48 pm

GeoResources, Inc. (GEOI) Issues Oil and Gas Update

GeoResources, Inc. issued an operations update on its oil and gas activities in various areas in the United States. GeoResources, Inc. is currently working on the St. Martinville project, a shallow oil development project in St. Martin Parish, Louisiana. The company is starting to drill the Conoco Fee A-53, its first well at the project and plans to drill a total of four wells during the final quarter of 2010 and first quarter of 2011. GeoResources, Inc. said that the Conoco Fee A-53 well is being drilled to test several Miocene aged oil zones at depths from 2,700 to 4,500…

TuesdayOct 05, 2010 11:51 am

Cascade Technologies Corp. (CSDT.OB) Subsidiary Appoints Seasoned VP for International Business Development

Spectral Molecular Imaging, a wholly owned subsidiary of Cascade Technologies Corp., today announced the appointment of Dr. Sam Raz as the company’s vice president for International Business Development. Spectral Molecular is a development-stage medical imaging device company. The company uses its proprietary hyperspectral-optical imaging technology to advance the early and accurate diagnoses of cancer and precancerous conditions. Dr. Daniel L. Farkas, chairman and CEO of Spectral Molecular, said the Dr. Raz’s experience and skill sets complement the company’s focus. “Sam is an old friend and an exceptionally experienced and capable individual, who can greatly contribute to our company’s efforts,” Dr.…

TuesdayOct 05, 2010 11:48 am

Terra Energy & Resource Technologies, Inc. (TEGR.OB) Announces Expansion into India via Market Partner Agreement

Through its subsidiary Terra Insight Services, Inc., Terra Energy & Resource Technologies provides mapping and analysis services for exploration, drilling and mining companies related to natural resources found beneath the surface of the earth. Today, Terra Energy took a major step towards prominence with the announcement of the expansion of their services into India. To enter into the India market, Terra Energy signed a market partner agreement with Saturn Energy Solutions for Oil & Gas ("Saturn"), which is a geological and geophysical consulting firm in India. The terms of the contract have set forth a market partner framework between the…

TuesdayOct 05, 2010 11:39 am

eGain’s (EGAN.OB) Social(TM) Named Trend-Setting Product of 2010

eGain, the leading provider of cloud and on-site customer interaction hub software, announced today that eGain® SocialTM has been named to KMWorld Magazine’s list of Trend-Setting Products for 2010. Products selected for the list are chosen for their innovation and technological breakthrough in providing customers with the kind of tools and capabilities needed in today’s economy. Offerings are chosen by a distinguished panel of editorial experts, analysts, systems integrators, vendors, managers, and users. eGain CEO and co-founder, Ashu Roy, commented on the honor. “Customers increasingly live on social networks more than anywhere else on the web. eGain's comprehensive social experience…

TuesdayOct 05, 2010 9:44 am

BioMedical Technology Solutions (BMTL.OB) Continues National Expansion of Demolizer® II in US HealthWorks Centers

Biomedical Technology Solutions Holdings, Inc., through its wholly-owned subsidiary, BioMedical Technology Solutions (“BMTS”), announced this morning that U.S. HealthWorks has received another shipment of Demolizer® II Systems for placement in their nationwide network. U.S. HealthWorks has been an integral part of the nationwide roll-out of the systems as part of a strong “green” initiative to provide its clients with solutions for biomedical waste disposal that their research has proven reduces each location’s “red bag” waste disposal by at least 70%. Sales of Demolizer® II units are steadily increasing as the systems are now found in a variety of locations including…

TuesdayOct 05, 2010 9:32 am

IDO Security Inc. (IDOI.OB) Video Chart for Tuesday, October 5, 2010

IDOI saw a big increase in volume yesterday and a nice gain of over 50%. This video chart discusses what to look for today and is also a lesson in long term divergences with smoothed indicators. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts: IDO Security Inc. Message Board

TuesdayOct 05, 2010 8:53 am

Home System Group (HSYT.OB) Completes $27M Acquisition of Two Appliance Companies

China-based Home System Group produces small household appliances, stainless steel gas grills and ovens, fans, lamps, and various other products. The company today announced it has acquired 90 percent of the outstanding stock of Zhongshan Safan Electrical Appliances Co. Ltd. for $12 million; and the acquisition of 100 percent of the outstanding common stock of Jiangmen City Jinxinglong Electrical Appliances Co. Ltd. for $15 million. Sanfan is an export-oriented manufacturer of a variety of fans ranging from industrial blowers to ceiling units. The company distributes its products primarily in Southeast Asia. For the half-year ended June 30, 2010, unaudited revenue…

TuesdayOct 05, 2010 8:52 am

Deep Down, Inc. (DPDW.OB) Announces Amendment to Purchase Agreement

Deep Down, Inc. announced yesterday that they entered into an amendment to the purchase agreement, by and among Deep Down (the Company), Cuming Corporation (Cuming) and the selling stockholders (the Amendment) dated effective as of July 31, 2010, to provide for an extension of the exclusivity period and the date on which Deep Down or the selling stockholders may terminate the purchase agreement. The Amendment also revised the components of the purchase price from approximately $37 million in the form of a combination of cash and shares of Deep Down and the assumption of approximately $13 million of net customer…

TuesdayOct 05, 2010 8:48 am

Sunridge International (SNDZ.OB) to Expand $4 Million Contract

Sunridge International announced yesterday that they have signed a contract with New Amsterdam Marketing for exclusive rights in Bangladesh to distribute its PNT product line. New Amsterdam Marketing is currently the exclusive distributor of Sunridge products in India. The PNT product line has proven in studies to be a safe, inexpensive alternative for glaucoma (a leading cause of blindness) and ocular hypertension treatment. The two minute treatment has been developed, patented, and distributed by Sunridge International's wholly owned subsidiary Ophthalmic International (www.oi-pnt.com). Sunridge medical consultant Leo D. Bores, M.D., will be training doctors, treating patients and making other public appearances…

TuesdayOct 05, 2010 8:03 am

Mobile Star Corp. (MBST.OB) CEO Issues Shareholder Letter Detailing Future Plans

Mobile Star Corp., a developer of karaoke vending machines, published the following letter from CEO Danny Elbaz to all shareholders. The letter expresses the company's commitment to the commercial introduction of the Mobile Star personal karaoke experience over the next six months. Dear Shareholders, The Mobile Star has continued to make positive strides during the first three quarters of 2010. Most recently, the company has secured the required financing to continue funding ongoing business operations, and to meet the commercial goals of the company over the next six months. The financial agreement calls for the financier to provide the Mobile…

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