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WednesdayMar 31, 2010 7:44 am

Most Recoveries Are Announced Months After They Begin

Waiting for a Recession to End May Carry Opportunity Cost Since 1979, when the National Bureau of Economic Research began to formally announce the beginning and ending dates of U.S. economic recessions, the U.S. economy has fallen into recession five times. In each case, the recession was between six months and one year old before the NBER was able to detect it and announce its beginning date. The bureau took an average of 15 months after a recession was over to announce when it had ended. Recessions take a psychological toll that almost certainly spills over into the early months…

TuesdayMar 30, 2010 3:10 pm

Waytronx, Inc. (WYNX.OB) Subsidiary Announces License Agreement with California Power Research

Waytronx, Inc. is an up-and-coming company on Wall Street. Waytronx has earned a reputation as a young company that has pioneered and developed innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries. Today, its subsidiary CUI, Inc. announced an advance power topology license agreement with California Power Research. CUI, which is known as a strong solutions provider of electromechanical components and industrial controls for OEM Manufacturing, will license the BPS-5 through this agreement. The BPS-5 is advanced power topology that provides advantages across a wide range of ac-dc and dc-dc power conversion applications through a…

TuesdayMar 30, 2010 3:06 pm

Legacy Reserves LP (LGCY) Purchases West Texas Assets

Legacy Reserves LP said that it reached an agreement to buy oil and gas assets located in West Texas from Brigham Exploration Company (BEXP). Legacy Reserves LP agreed to pay $14 million for proved developed producing properties with 602,000 barrels of oil equivalent (BOE) of reserves. The properties produced an average of 213 BOE per day in December 2009. Legacy Reserves LP specializes in purchasing oil and gas assets in the Permian Basin of West Texas, the Mid-continent area and the Rocky Mountains region of the United States. This was the second recent purchase by Legacy Reserves LP. In February…

TuesdayMar 30, 2010 2:01 pm

GeoVax Labs, Inc. (GOVX.OB) Granted Allowance by FDA to Start Phase I Clinical Trials for HIV/AIDS Vaccine

GeoVax Labs Inc.is a technology company that creates, develops and tests innovative HIV/AIDS vaccine. The company today announced that it is now allowed by the US Food and Drug Administration (FDA) to begin a Phase 1 clinical trial for Geovax's therapeutic vaccine, which is intended as a treatment for HIV. The company will begin a non-blinded study in HIV infected individuals who started drug treatment during their first year of infection. The protocol for the clinical trial was conceived in collaboration with the AIDS Research Consortium of Atlanta (ARCA). The Phase 1 trial will carefully monitor safety while evaluating the…

TuesdayMar 30, 2010 12:30 pm

Lpath Inc. (LPTN.OB) Reports Solid Clinical Trial Results for Investigational Drug ASONEP

Lpath Inc. focuses on lipidomics-based therapeutics for treating a wide range of human diseases. The company today announced positive data from its dose-escalation phase I clinical trial of the investigational drug ASONEP(TM) in cancer patients with various solid tumors. The study demonstrated that lymphocyte counts (the number of cells present in blood and lymphatic tissue) in the vascular space were reduced in a dose-related fashion, which led Lpath to achieve the objective established by Merck KGaA (Darmstadt, Germany), resulting in a $2 million payment per the license agreement with Merck KGaA. Results also show that the study met its primary…

TuesdayMar 30, 2010 12:26 pm

Servidyne, Inc. (SERV) Signs Record $8.7M Energy Efficiency Contract

Servidyne, Inc., the 85-year veteran in facility energy use optimization, sustainability, and improvement of overall building efficiency, announced an $8.7M contract (estimated total revenue upon completion) with a major U.S. retailer yesterday. The contract calls for SERV to systematically overhaul the energy-use profile of some 600 stores and distribution centers beginning immediately, with a projected completion window of 12-24 months. This contract signifies the start of a strategic partnership between the two companies, which both anticipate will continue for 2-3 years (pending future negotiations) as the customer has expressed a desire to apply the efficiency overhaul program to its entire…

TuesdayMar 30, 2010 12:22 pm

Ecosphere Technologies, Inc. (ESPH.OB) Chemical-Free Hydraulic Fracing Technology Showcased by Wall Street Journal

Ecosphere Technologies, Inc., the innovative service provider offering proprietary technologies designed around their groundbreaking Eco-Fracturing™ methodology (like the Ecosphere Ozonix™ mobile water recycling system), announced today that they have been featured in a new Wall Street Journal article. The Journal is an institution in the business world, and this new article “"Firms See 'Green' in Natural-Gas Production -- Environmental Concerns Over Drilling Drive Producers to Seek Alternative Technology, Creating Business Opportunities”, offers the publication’s huge reader base a detailed look at some of ESPH’s innovative, environmentally friendly technologies. CEO of ESPH, Dennis McGuire, expressed his excitement in regards to the…

TuesdayMar 30, 2010 11:31 am

Cleartronics, Inc. (CLRI.OB) Subsidiary Completes Phase I of Systems Contract

Cleartronics, Inc., based in Boca Raton, FL, announced today that their wholly owned subsidiary, VoiceInterop, Inc., has successfully completed phase I of a systems contract with Uraguayan State-owned power utility Adminstrción Nacional de Usinas y Trasmisiones Eléctricias (UTE). This phase was completed by VoiceInterop in partnership with Teledata Uruguay. UTE provides electricity to a third of the population of Uruguay. The first phase of the contract is the initial step in providing UTE with secure, real-time communications between the operations staff and power grid line crews. The system utilizes VoiceInterop’s UC software technology and AM360 radio gateways. This phase consisted…

TuesdayMar 30, 2010 11:29 am

Li3 Energy, Inc. (LIEG.OB) is “One to Watch”

Li3 Energy, Inc. is an early stage company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas. Lithium brines are recognized as a faster, lower-cost, more energy efficient, and environmentally friendly source of extraction than hard rock lithium mining. The Company's initial focus is on identifying and acquiring opportunities in Peru, Argentina, Chile, and the United States. Li3 Energy is working to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production. This is to meet growing market demand and to support the clean energy…

TuesdayMar 30, 2010 11:18 am

Consorteum Holdings, Inc. (CSRH.OB) Offers a Rare Package

Consorteum Holdings Inc., a company which has been forging a reputation as one of the most innovative financial transaction solution providers anywhere, offers a uniquely attractive package for investors seeking a solid return with minimal risk. It’s a package based upon a rare combination of business factors that the company has been careful to cultivate. First of all, in a time when many companies have been struggling to find and hold customers, Consorteum has a significant pipeline of contracts, including multiple international projects, all of which are set up to contribute ongoing residuals. The company’s project portfolio is specifically designed…

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