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ThursdaySep 23, 2010 11:36 am

La Cortez Energy, Inc. (LCTZ) Reaches Depth on Exploratory Well

La Cortez Energy, Inc. reported that the Mirto-2 exploratory well has reached its total planned measured depth. The exploration well is located in the Maranta block in an onshore area of Colombia. The Mirto-2 exploratory well is in the Putumayo basin, and recently reached 11,590 feet in depth. The company was targeting several different hydrocarbon bearing zones including the N, U and T sands located in the Villeta formation. La Cortez Energy, Inc. reported that the well found oil and gas pay in the N and U sands at a depth of 11,235 feet, but no significant oil and gas…

ThursdaySep 23, 2010 11:34 am

Cano Petroleum, Inc. (CFW) Reports Mid Year Oil and Gas Reserves

Cano Petroleum, Inc. reported a slight decrease in proved reserves of oil and gas at the end of the second quarter of 2010 compared to six months earlier. Cano Petroleum, Inc. reported 42.5 million barrels of oil equivalent of proved reserves at 6/30/2010, compared to proved reserves of 43 million barrels of oil equivalent at the end of 2009. Proved developed reserves were 8.3 million barrels of oil equivalent at 6/30/2010 compared to 8.8 million barrels of oil equivalent at 12/31/2009. The proved reserves estimate at 6/30/2010 were calculated using the unweighted average of the NYMEX crude oil and natural…

ThursdaySep 23, 2010 10:52 am

Geos Communications, Inc. (GCMI.OB) Subsidiary Partners with China’s Leading Electronics Chain

Geos Communications Inc. is a leading developer and distributor of mobile applications and services. The company's subsidiary in China, D Mobile or Duo Guo, is the leading and only legitimate retail channel for the discovery and download of licensed mobile media content in China by operating an innovative kiosk based distribution business. The kiosks enable mobile device users to discover and quickly download games, movies, music, ringtones and applications. The kiosk network also serves as a channel for a wide range of mobile downloadable services such as ticketing, advertising and coupon distribution. Duo Guo has established partnerships with major media…

ThursdaySep 23, 2010 10:50 am

General Finance (GFNCL) Posts Q4 and FY Financials, Notes $20M Debt Reduction

General Finance Corp. operates through its majority-owned subsidiary Royal Wolf and its indirect wholly owned subsidiary Pac-Van to sell and lease portable services and storage products in Australia, New Zealand and the United Sates. The company today announced its fourth-quarter and year-end results for the period ended June 30, 2010, including contributions from both subsidiaries and financial information for Pac-Van results for the year ended June 30, 2009. "We are pleased with our quarterly results, as revenues, utilization and adjusted EBITDA all improved over the preceding fourth quarter. As we discussed in prior quarters, we have been looking for a…

ThursdaySep 23, 2010 10:48 am

WidePoint Corp. (WYY) Subsidiary Wins $84 Million Contract

WidePoint, a specialist in wireless mobility management and cybersecurity solutions, announced today that its wholly owned subsidiary, iSYS LLC, has won a major contract from the TSA (Transportation Security Administration) to provide wireless management services. The five year contract, valued at approximately $84 million including all option periods, represents an expansion of the company’s telecom expense management services for TSA. iSYS is already the leading provider of mobile management services to the Federal Government, and manages more wireless devices for more agencies than any other provider. iSYS mobile management solutions include the company’s award-winning proprietary ITMS (Intelligent Telecommunication Management System),…

ThursdaySep 23, 2010 8:41 am

iTech Medical Inc. (IMSU.OB) Achieves ISO Certification

Located in Huntington Beach, California, iTech Medical is engaged in the research and commercial development of healthcare information systems. Today, iTech Medical reached a major milestone with the announcement they have received ISO 13485:2003 certification. The ISO 13485:2003 certification received is for the production and sale of surface electromyography (sEMG) diagnostic services for clinical use. This quality standard is globally recognized as the international standard for quality management systems specific to the design, development and production of medical devices. Leading the team at iTech is Wayne Cockburn who serves as the company’s President and CEO. Commenting on the ISO certification,…

ThursdaySep 23, 2010 8:34 am

Cono Italiano, Inc. (CNOZ.OB) Announces Strategic Partnership with TurboChef

Cono Italiano, Inc. announced yesterday a strategic partnership with TurboChef, the leading manufacturer of high efficiency ovens. Cono Italiano is the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono." The pizza cono is a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough. Cono Italiano and the Executive Chefs of TurboChef, under the partnership, rigorously tested and developed the ideal Turbo Oven settings for the "pizza cones" as well as cones prepared with cheese steak, tacos, chicken parmigiana and egg and cheese. The settings will undergo pre-programming in the Tornado Oven to perfectly cook…

ThursdaySep 23, 2010 8:16 am

Neptune Technologies (NEPT) Reports Positive Preclinical Results for Leading Drug Candidate CaPre

Neptune Technologies & Bioressources Inc. is a leading innovator of science-based and clinically proven novel products for the nutraceutical and pharmaceutical markets. The company’s subsidiary, Acasti Pharma Inc., focuses primarily on treatments for chronic cardiovascular conditions within the over-the-counter, medical food and prescription drug markets. Acasti yesterday announced preclinical results demonstrating that its leading drug candidate CaPre™ outperformed the currently marketed Lovaza® by increasing HS-Omega-3 Index®. Lovaza is the only FDA-approved prescription fish oil solely indicated for the treatment of severe hypertriglyceridemia, a case of high glycerides, which can also lead to pancreatitis. The HS-Omega-3 Index measures an emerging risk…

WednesdaySep 22, 2010 3:05 pm

Intelligent Communication Enterprise Corp. (ICMC.OB) Launches Innovative and Unique Celebrity-focused Social Media Platform Modizo.com

Intelligent Communication Enterprise Corp., www.icecorpasia.com – a leading innovator in the mobile phone space with sophisticated enterprise/consumer solutions, introduced Modizo™ today during a huge, celebrity-studded event at the Grand Hyatt Hong Kong. The new online platform offers a unique and unprecedented level of connectivity between celebrities and their fan base via mobile messaging and exclusive spontaneous interactive video content. Editor-in-Chief of Modizo, Victor Jeffery, was the keynote speaker at this gala event and noted how Modizo is the brainchild of the Company’s founder. Envisioned as a fun and intuitive bridge between celebrities and their millions of fans all over the…

WednesdaySep 22, 2010 3:02 pm

Strategic American Oil Corp. (SGCA) Strengthens its Position in the Oil-Rich Illinois Basin

Strategic American Oil, www.strategicamericanoil.com – the oil and gas exploration and production firm with primary operations in Texas, Louisiana and Illinois, reported on efforts to extend and consolidate its footprint in Illinois today. The report highlights part of an overarching agenda by the Company, typified by the Waterflood #1 (WF1) prospect, to instantiate a diverse resource recovery program in the Illinois Basin. Waterflooding has proven efficacious and leads to great success for dozens of public and private companies, and SGCA has extensive knowledge of the technology, which has seen widespread use for over half a century, with almost all the…

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