Blog - Page 3705 of 5774

MondayDec 13, 2010 9:54 am

Vena Resources Inc. (VNARF.OB) Signs Agreement with Erica Resources to Develop Gold and Silver in Peru

Vena Resources, www.venaresources.com – the Canadian mining firm well-positioned globally through a tight network of partnerships with some of the industry’s top players, is targeting Peru via four current projects including a considerable uranium position and has announced the signing of a binding Letter of Intent (LOI) with Toronto-based mineral exploration company Erica Resources Inc. The LOI stipulates terms of the definitive Joint Venture Agreement (JVA) whereby, starting Dec. 31, 2010, both parties will work to actively advance Vena’s Las Princesas gold and silver operation in northern Peru. Erica and Vena are a natural team, collectively possessing some of the…

MondayDec 13, 2010 9:50 am

FDA Gives Green Light to Bionovo, Inc. (BNVI) for Clinical Development of Unique Menopause Treatment

Bionovo, Inc. is a pharmaceutical company focused on the discovery and development of safe and effective treatments for women's health and cancer, including Menerba, the company’s oral drug candidate for menopausal hot flashes. The company today announced that the U.S. Food and Drug Administration (FDA) has approved the company's total clinical development plan for Menerba. While the company waits on formal minutes from its meeting with the FDA, Bionovo said it has passed along relevant information to the company’s investigators and investigational review boards. "We had a very positive meeting with the FDA on our clinical program for Menerba. As…

MondayDec 13, 2010 9:07 am

SMART Technologies Inc. (SMT) Appoints Dr. Keith Lantz to Executive Team

Located in Calgary, Alberta, Smart Technologies has quickly built a name for themselves as a leading provider of collaboration solutions that transform the educational and business worlds. Today, Smart Technologies took a major step towards prominence when they announced that Dr. Keith Lantz has been appointed to the newly created position of Vice President of SMART Labs. Dr. Lantz has been consulting with SMART since March of this year and brings a wealth of experience and credibility to the position. Known as a pioneering technologies and entrepreneurial businessman, Lantz has over 35 years in the sector and has an extensive…

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…

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