Blog - Page 3693 of 5774

TuesdayDec 28, 2010 9:02 am

Orange 21, Inc. (ORNG.OB) Highlights 2010 Promissory Note and Proceed Allocation

Orange 21 Inc., a leading designer, producer and distributor of products for action sports under the brands Spy Optic, O’Neill and Margaritaville, last week announced that its wholly owned subsidiary Orange 21 North America Inc. (O21NA) issued a $7.0 million promissory note to Orange 21 shareholder Costa Brava Partnership III, LP. The promissory note replaces the promissory note of $3 million in March 2010; $1 million promissory note in October 2010; and the $1 million promissory note in November 2010. The $7 million promissory note provides an additional $2 million in proceeds. The promissory note is subordinated to O21NA’s loan…

TuesdayDec 28, 2010 8:25 am

National Automation Services Inc. (NASV.PK) Provides Full Spectrum of Services to Improve Productivity and Profitability

National Automation Services Inc. is a leader in industrial automation and systems integration. As a provider of systems integration in the industrial controls sector, the company's goal is to build a North American portfolio of automation and controls companies across the continent which specialize in the design and implementation of industrial control systems. The company is an elite system integrator, Allen-Bradley solutions provider, Siemens solution partner and UL (Underwriters Laboratories) certified panel facility. Aligning with nationally recognized regulatory bodies gives the company significant marketplace credibility and the highest standards for its products and services. National Automation Services is committed to…

MondayDec 27, 2010 2:35 pm

Share Price of Intellect Neurosciences, Inc. (ILNS.OB) Up on Alzheimer’s Drug News

Intellect Neurosciences, Inc., a biotechnology company with several drugs in various stages of development, released more data today regarding it lead Alzheimer’s candidate, OX1 (Oxigon™), which has recently completed a Phase 1b clinical trial. After releasing data in late October showing that the drug was well tolerated and safe at all dosing levels, the Company announced that it has received a pharmacokinetic profile report from a fourteen-day safety trial. OX1 is a unique molecule that is being proven effective at promoting clearance of soluble beta amyloid and also blocks neurotoxicity that is created by free radicals. This neurotoxicity damages synaptic…

MondayDec 27, 2010 1:08 pm

China Sky One Medical, Inc. (CSKI) Boldly Moves into Raw Materials Production, Secures Prime Herb Cultivation Land in Northeast China

China Sky One Medical, www.cski.com.cn, reported that wholly-owned subsidiary Harbin Tian Di Ren Medical Science and Technology Company (TDR) entered into an agreement with the Heilongjiang Tang Wang He Forest Bureau, whereby TDR gains access to some 74k-acres of prime land for growing herbs/plants. The 30-year agreement (started Dec. 21 of this year), will allow TDR ample capacity to produce GAP-conformant (Good Agriculture Practice) inputs for both their broad array of over 90 different pharmaceutical products and other objectives. The forested Xiao Xing'an Mountain region, in which the planting area is located, is ideally situated in a national park within…

MondayDec 27, 2010 1:05 pm

Irvine Sensors (IRSN.OB) Closes First Tranche of Financing; Announces Key Management Appointments

Irvine Sensors Corp., a vision systems company that develops and sells miniaturized infrared and electro-optical cameras and relative products, today announced the closing of its initial $11.4 million of financing, which includes the sale of approximately 51.8 million shares of common stock for approximately $3.6 million ($0.07 per share), and approximately $7.8 million of five-year notes bearing simple interest of 12 percent per annum. The company said it will work to obtain shareholder authority to increase its capital structure to allow the notes to be converted into common stock, at $0.07 per share. If the company receives shareholder authorization, Irvine…

MondayDec 27, 2010 11:47 am

Orbit International Corp. (ORBT) Wins $800,000 Order for Displays From Defense Contractor

Orbit International Corp. is an electronics manufacturer and software solutions provider for both military and non-military government applications. The company today announced that it received an order worth approximately $800,000 for displays from a leading defense contractor for the Machine Control System for the US Navy's CVN 78 class of super aircraft carriers. This order combined with approximately $1.3 million of aggregate orders received earlier this year brings total awards for this program in 2010 to $2.1 million. Deliveries started in this quarter and are expected to continue through the second quarter of 2012. Orbit International also announced that it…

MondayDec 27, 2010 11:10 am

NGAS Resources, Inc. (NGAS) To Be Acquired By Magnum Hunter Resources (MHR)

NGAS Resources, Inc. announced that the company will be acquired by Magnum Hunter Resources Corporation, an exploration and production company with extensive experience in oil and gas development in the onshore area of the United States. Magnum Hunter Resources Corporation will issue 0.0846 shares of its common stock in exchange for each share of NGAS Resources, Inc. that is outstanding. This exchange ratio values NGAS Resources, Inc. at $0.55 per share, a 41% premium to the closing price of the company prior to the deal. The value of the deal is $98 million on an enterprise value basis, which includes…

MondayDec 27, 2010 11:05 am

IDO Security, Inc. (IDOI.OB) Rides Wave of Airport Security

The history of airport security is largely a reflection of world and American political relations over the past 80 years. The fact is, aircraft hijackings, sometimes termed skyjackings, have occurred almost since the first days of commercial airline flights. Few people remember, but the very first recorded hijacking of an aircraft took place back in 1930, when Peruvian political activists took over a small aircraft to drop leaflets over Peru. The biggest wave of hijackings began in the 1960s, when anti-Castro Cubans began hijacking planes to flee Cuba. In 1961, when the U.S. broke off relations with Cuba, pro-Castro activists…

MondayDec 27, 2010 10:51 am

Radient Pharmaceuticals Corp. (RPC) is “One to Watch”

Radient Pharmaceuticals Corp. is dedicated to discovering, developing and commercializing unique high-value diagnostic tests that help physicians answer important clinical questions related to early disease-state detection, treatment strategy and the monitoring of disease progression or recurrence. The company has recruited an exceptionally tenured team; developed a strong product portfolio in segments with significant market demand; and implemented a solid business strategy. Currently, Pharmaceuticals is primarily saving lives and money for patients and global healthcare systems through the deployment of its FDA-cleared In Vitro Diagnostic Onko-Sure® Test Kits. Onko-Sure™ is a simple, non-invasive blood test used for the detection and/or monitoring…

MondayDec 27, 2010 10:18 am

Save the World Air Inc. (ZERO.OB) to Start Preliminary Testing of AOT

Located in Santa Barbara, California, Save the World Air Inc. ("STWA") has earned a stellar reputation as an innovative company that creates technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The young company has patented technology known as AOT™. The symbol for Applied Oil Technology, this technology will provide a cost-effective means of improving efficacy of crude oil transport and diesel engine efficiency. Today, announced that preliminary testing of AOT™ will begin in January 2011. STWA is working closely Temple University and ELEKTRA™ on the AOT™. Preliminary testing will be conducted at…

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