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MondayDec 13, 2010 9:04 am

Polonia Bancorp (PBNY) Strengthens Philadelphia Presence through Acquisition

Polonia Bancorp, holding company of Pennsylvania-based Polonia Bank (Nasdaq: PBNY), today announced Polonia Bank has acquired certain assets and a majority of the deposits of former Earthstar Bank. The acquisition was executed through a purchase and assumption agreement with the Federal Deposit Corp. (FDIC). Per the agreement, Polonia Bank will acquire roughly $90 million in deposits; $46 million in loans; and $11 million of investment securities. Earthstar Bank will remain in a loss-sharing agreement with the FDIC, which will insure the loans at 80 percent for covered single family residential and commercial loans. Polonia Bancorp said the acquisition is expected…

MondayDec 13, 2010 9:02 am

Zevotek, Inc.’s (ZVTK.OB) Ionic Bulb Displayed at 2010 Hollywood Style Awards

Zevotek, Inc. announced Friday that the Ionic Bulb would be on display and presented to celebrities attending the 2010 Hollywood Style Awards ceremony. The ceremony took place yesterday at the Hammer Museum in Los Angeles, California. The Ionic Bulb's spokesperson took to the Red Carpet along with supermodels Heidi Klum and Angela Lindvall, popular film actresses Kate Bosworth, Emily Blunt and Zooey Deschanel, Disney star Selena Gomez and the cast members from the hit show 'Glee' including stars Lea Michele, Chris Colfer and Cory Montheith who were honored with a 'Future Style Icon' award. The Hollywood Style Awards focus on…

FridayDec 10, 2010 4:45 pm

MFRI, Inc. (MFRI) Posts Q3, Nine-Month Results and Solid Backlog

MFRI Inc. is a multi-line company engaged in pre-insulated specialty piping systems for oil and gas gathering, district heating and cooling and other applications; custom-designed industrial filtration products to remove particulates from dry gas streams; and various other industrial processes. The company today announced sales and earnings for the third quarter and nine months ended October 31, 2010. Third-quarter net sales increased 11.9 percent to $58.8 million compared to $52.6 million in the third quarter of 2009. The company reported net income of $3.6 million or $0.52 per diluted share, compared to net income of $0.7 million or $0.10 per…

FridayDec 10, 2010 4:41 pm

Dynamic Ventures Corp. (DYNV.OB) Awarded Contract with Children’s Learning Adventure

Today, Dynamic Ventures Corp. announced that its subdivision, The Green Solutions, has been awarded a contract to provide structures for a new program by Children's Learning Adventure. Children's Learning Adventure, a child care provider for children ranging from infant to school-age children, features facilities in four states that include indoor amenities and outdoor playground space. Dynamic Ventures Corp. develops and markets residential and commercial construction projects, offering custom design, manufacturing and the building of L.E.E.D.-certified structures for its clients. Dynamic Ventures anticipates that the extension program, which will be expanding the Children's Learning Adventure brand on a national level, will…

FridayDec 10, 2010 4:40 pm

RAM Energy Resources, Inc. (RAME) Closes on Sale of Texas Assets

RAM Energy Resources, Inc. reported that the company has closed on the sale of producing oil and gas assets in the United States. The transaction is part of the company’s strategic repositioning announced earlier in the year. RAM Energy Resources, Inc. sold the company’s properties in the Barnett Shale and Boonsville area to Milagro Producing, LLC, a private oil and gas company. The company paid $43.7 million in cash subject to closing adjustments. The deal closed on December 8, 2010. RAM Energy Resources, Inc. said that the company would use $16 million of the proceeds from the sale to pay…

FridayDec 10, 2010 3:03 pm

FlatWorld Acquisition (FTWAU.OB) Launches IPO at $10

FlatWorld Acquisition Corp. was recently organized to acquire and merge with an operating business in either the global business services sector or emerging Asian markets, including China and India. The company today announced the pricing of its initial public offering (IPO) of 2,200,000 units at a price of $10 per unit for gross proceeds of $22 million. Each unit of the IPO consists of one ordinary share and one warrant to purchase an additional ordinary share at $11. The company’s shares commenced trading on the OTCBB today under the ticker symbol "FTWAU.” Prior to today’s IPO, FlatWorld Acquisition received a…

FridayDec 10, 2010 3:01 pm

NewCardio, Inc. (NWCI.OB) Announces Positive Results from Cardiac Safety Research Consortium

NewCardio Inc. is a cardiac diagnostic and services company developing and marketing proprietary software technologies for the monitoring and diagnosis of cardiovascular disease, as well as cardiac safety assessment of drugs under development. The company today announced results from a blinded drug safety study conducted by the Cardiac Safety Research Consortium (CSRC) to evaluate the performance of QTinno™ on its "testing" ECG dataset. QTinno is New Cardio’s patented software technology used to assess drug cardiac toxicity in drug development. The CSRC study results demonstrate QTinno’s ability to accurately detect the control drug’s (moxifloxacin)-induced QT interval prolongation, as well as its…

FridayDec 10, 2010 2:31 pm

Endeavor Power Corp. (EDVP.OB) is “One to Watch”

Endeavor Power Corp. is a full-service e-waste recovery company that trades on the OTC Bulletin Board. Aiming their processing services at industrial and government clients, the company has the logistical capability to purchase and transport product all over North America. Endeavor Power Corporation has their corporate headquarters in Robesonia, Pennsylvania. The Company is staffed by a team of professionals, both inside the company and outside as independent contractors and consultants. Endeavor approaches each new project using their own established and proprietary pricing methods and their unbending commitment to environmental protection. Electronic waste is quickly becoming the fastest growing waste stream…

FridayDec 10, 2010 2:19 pm

Medistem, Inc. (MEDS.PK) Shares Up Big on Stem Cell News

Medistem, Inc.'s stock is soaring today after the company released news of a peer-reviewed publication on its data for what the company believes is the world’s first “combination therapy” human stem cell protocol for a spinal cord injury. San Diego, California-based Medistem is a biotechnology company developing technologies related to adult stem cell extraction, manipulation, and use for treating inflammatory and degenerative diseases. The Company has filed an Investigational New Drug (IND) application with the FDA for use of its universal donor endometrial regenerative cells (ERC) for treatment of critical limb ischemia, an advanced form of peripheral artery disease. Medistem…

FridayDec 10, 2010 2:14 pm

Beacon Equity Research: Amico Games Corp. (AMCG.OB)

Amico Games is a subscriber-based developer of interactive gaming which leverages Java™ technology and China’s 3G network infrastructure to deliver some of the hottest massively multiplayer online role playing games (MMORPG) and online games available. With a registered user base exceeding 29M, AMCG is an established player in the Chinese gaming space. The Company pioneered some of the earliest mobile phone games, partnering with major industry player Nokia to offer interactive gaming over China Mobile’s WAP platform. The MMORPG sector is arguably the most exciting area of online gaming as it attracts long-term customer relationships. Users pay a recurring monthly…

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