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WednesdayDec 30, 2009 9:43 am

China Valves Technology, Inc. (CVVT) to Raise $3 Million in Stock Offering

China Valves Technology, Inc. signed an agreement to sell stock to an accredited investor, issuing 333,334 shares of common stock at a price of $9.00 per share. The company will get proceeds of $3.0 million before expenses. China Valves Technology, Inc. also issued warrants to the investor that allows the holder to purchase 50,000 shares of common stock at an exercise price of $9.00 per share. The warrants are only exercisable for 30 days after the issuance. Both the common stock and warrants issuance are expected to close on December 31, 2009. China Valves Technology, Inc. said the proceeds would…

WednesdayDec 30, 2009 9:41 am

Sanswire Corp. (SNSR.OB) Extends Invitation to US Debut of Unmanned Aerial Vehicle

Yesterday, Sanswire Corp. announced that it has opened requests to cordially invite interested parties to the US unveiling of its STS-111 Unmanned Aerial Vehicle. The announcement, made through the company’s joint venture, Sanswire-TAO Corp., pertains to the ceremony tentatively scheduled for the second quarter of 2010 in Orlando, Florida. Sanswire has posted a special request form on its website where shareholders, investors, members of the media, aerospace industry executives, US military personnel, and federal and state government officials can request a formal invitation to the event. The STS-111 is a Mid Altitude Long Endurance (MALE), lighter-than-air UAV designed for surveillance…

WednesdayDec 30, 2009 9:33 am

ClickSoftware Technologies Ltd. (CKSW) Predicts Record Revenues for the Fourth Quarter of 2009

ClickSoftware Technologies Ltd., a leading provider of workforce management and service optimization solutions that create business value, including higher levels of productivity, customer satisfaction and cost effectiveness, recently announced that the company expects record revenues in the fourth quarter of 2009 of approximately $17 million. This estimate exceeds the company’s previous guidance of between $16.0 million and $16.7 million. The strong fourth quarter will lead to annual revenues of approximately $61 million for fiscal year 2009, compared to annual revenues of $52.3 million in fiscal year 2008. ClickSoftware expects to report financial results for the fourth quarter and fiscal year…

WednesdayDec 30, 2009 8:39 am

Consorteum Holdings Inc. (CSRH.OB) Launches Rebate Program to Benefit Consumers and Retailers

Consorteum Holdings Inc. identifies new technologies and trends in the market place to boost revenues in existing markets, enter into new markets, and efficiently deliver unique products and services to those marketplaces. The company recently announced the launch of its consumer stored value rebate card, as part of its rebate program that offers manufacturers and retailers a new way to process mail-in rebates while decreasing overhead expenses and maintaining consumer loyalty. Consorteum said it plans on working directly with those manufactures and retailers to reduce administration costs involved with the rebate program. Its plan allows for additional revenue and cost-saving…

TuesdayDec 29, 2009 2:55 pm

The Mint Leasing, Inc. (MLES.OB) Announces Purchase and Lease Transactions Involving Fifty New Toyota Camrys and Corollas

The Mint Leasing, Inc., provider of innovative leasing services to customers of franchised automobile dealers throughout the United States, announced that it has purchased fifty 2010 Toyotas (Camry and Corolla models) from a leading Houston Toyota dealer, utilizing its new and previously announced credit facility of up to $10 million. The vehicles have already been leased to a major automobile rental agency in San Antonio, Texas. "This transaction follows the purchase and lease of sixty-one Toyota Corollas that was announced earlier this month and illustrates an improving business outlook for Mint Leasing that we expect to continue into 2010," stated…

TuesdayDec 29, 2009 2:54 pm

Element 21 Golf Company (ETGF.OB) Expands Its International Distribution Network to 370 Locations Worldwide

Element 21 Golf Company, applicator of high tech materials in the sports industry including advanced Scandium Alloy golf products and biofiber fishing equipment, announced earlier today that its international retail presence has grown to more than 370 locations. Element 21's international retail footprint now includes stores in: Australia, Canada, Finland, France, Italy, Netherlands, Mexico, Romania, South Africa, Spain, and Switzerland. Element 21's North American retail distribution network includes Big Box stores -- Bass Pro, Cabelas, Academy, West Marine, Sportsman's Warehouse, Gander Mountain; and Distributors -- Big Rock, Farris Brothers, Pitman Creek, Patches, Bishop, Hicks and Sports Supply. "International growth of…

TuesdayDec 29, 2009 1:50 pm

Vyteris, Inc. (VYTR.OB) Announces Balance Sheet Restructuring

Vyteris Inc. is a leader in active transdermal drug delivery technology. The company is the maker of the first active, ready-to-use drug delivery patch – LidoSite – to receive marketing clearance from the US Food and Drug Administration (FDA). The company's proprietary active transdermal patch technology delivers drugs comfortably through the skin using low-level electrical energy. This smart patch technology allows precise dosing, giving physicians and patients control in the rate, dosage and pattern of drug delivery that may result in considerable therapeutic advantages over existing methods of drug delivery. Vyteris announced today the sale of $2.3 million of net…

TuesdayDec 29, 2009 1:40 pm

VIASPACE, Inc.’s (VSPC.OB) Expansion of Giant King Grass Production Capacity

Viaspace Inc. is a clean energy company. Through its renewable energy subsidiary, the company grows a proprietary, fast-growing non-food grass used for producing low carbon renewable energy crop products such as green gasoline for transportation and other products which may be used as a coal-substitute to reduce carbon emissions from electric power plants. The company recently announced that it had leased an additional 136 acres in Guandong Province, China. The new acreage has already been planted with Giant King Grass. Viaspace now has 250 acres under cultivation and is in negotiations to acquire substantially more land. The current acreage is…

TuesdayDec 29, 2009 1:32 pm

Radware Ltd. (RDWR) Expects Record Revenue for the Fourth Quarter of 2009

Radware Ltd. (NASDAQ: RDWR), the global leader in integrated application delivery solutions that assure the full availability, maximum performance, and complete security of business-critical applications for nearly 10,000 enterprises and carriers worldwide, recently announced that the company raised its guidance for the fourth quarter of 2009. Radware expects record-level quarterly revenues in the range of approximately $31 million to $32 million in the fourth quarter, higher than the previous guidance of $30 million. Earnings per share on a non-GAAP basis for the fourth quarter is also expected to increase and is currently anticipated in the range of 19 to 21…

TuesdayDec 29, 2009 12:52 pm

China Infrastructure Investment Corp. (CIIC) Shows Sequential Quarterly Growth on Strength of Pinglin Expressway Tolls

China Infrastructure Investment Corp., incorporated in Nevada and headquartered in Henan Province, China, where it operates the Pinglin Expressway, announced today projections for sequential revenue growth in 2010, due largely to the rebounding Chinese economy. The company had 8.7% growth in Quarter 1 Fiscal Year 09, which ended September 30. This represents a 27% increase over Q4 FY 09, which ended in June. Generating roughly $1.09 million from tolls on the Pinglin Expressway, CIIC had a per unit sequential increase exceeding the growth figure, due in large part to a 14,974 increase in average daily traffic over Q4 FY 09…

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