Blog - Page 3710 of 5774

TuesdayDec 07, 2010 6:19 pm

Blugrass Energy (BLUG.PK) Inks Letter of Intent for Promising Texas Lease; Anticipates Significant Company Changes

Bluegrass Energy Inc. today announced it has signed a letter of intent for the acquisition of an oil and gas lease in the Permian Basin in Crockett, County, Texas. The lease covers 4,807 acres and is currently owned by Dallas-based Petro Grande LLC, which owns an 87.5 percent working interest in the lease. The acquisition will give Bluegrass full access to 3D seismic imaging of the lands under lease, as well as the option to participate as a working interest owner in Petro Grande’s other 9,850 acre leases. According to the press release, geophysicists have identified a number of drilling…

TuesdayDec 07, 2010 4:16 pm

Emergent Group, Inc. (LZR) Announces $0.90 One-time Cash Dividend and 16% Total Shareholder Equity Increase

Emergent Group Inc. today announced a one-time cash dividend and regular annual dividend, supported by strong cash flow. The dividend is comprised of a one-time cash dividend of $0.50 per share on the company’s common stock, as well as a regular dividend of $0.40 per share, for an aggregate $0.90. "Emergent Group's dividend declaration continues our practice of rewarding shareholders with the strong cash flow generated by our business model," Bruce J. Haber, chairman and CEO stated in the press release. "At the same time, our cash flow allows us to actively pursue our growth strategies, including investment in new…

TuesdayDec 07, 2010 2:53 pm

Advanced Cell Technology, Inc. (ACTC.OB) Perseverance and Dedication Leads to New Highs

After announcing the Food and Drug Administration's approval to proceed with clinical trials using human embryonic stem cells to research a therapy for Stargardt’s Macular Dystrophy a couple weeks ago, shares of Advanced Cell Technology continue to run northbound. The news shot the stock price up from around 4 cents to approximately 8 cents in a matter of hours as traders jumped on the “momentum train” and investors rejoiced that the breakthrough they have been waiting for started showing true signs of becoming a reality. The news was followed a few days later by the Company filing an Investigational New…

TuesdayDec 07, 2010 2:27 pm

Serious about Trading? SeriousTraders is for You!

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TuesdayDec 07, 2010 1:51 pm

Worldwide Energy & Manufacturing USA, Inc. (WEMU) Expecting 160% Annual Revenue Growth

Worldwide Energy & Manufacturing USA Inc., provider of photovoltaic solar modules and other mechanical and electronic parts for residential, commercial, industrial, and public utility applications around the world, indicated today that 2010 revenues for the company are expected to increase 160% over the previous year, topping out at between $160 million and $165 million. The estimate is based largely on contracts and commitments for the company’s fast growing Solar Division, with its AmeriSolar brand of solar modules. The company also anticipates increased production at its new state-of-the-art manufacturing and research facility in Nantong, China, which should result in improved margins.…

TuesdayDec 07, 2010 1:14 pm

UFood Restaurant Group, Inc. (UFFC.OB) Expands Its Social Media Efforts

UFood Restaurant Group Inc. is a franchisor and operator of fast-casual food service restaurants. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the “better-for-you” quick-serve restaurant category. The company announced today that it is expanding its social media efforts and online presence to better engage with UFood Grill consumers and shareholders through Facebook, Twitter, YouTube and other social media applications. UFood retained the Castle Group to oversee these efforts. Castle Group is an agency with a unique blend of restaurant, social media and military experience.…

TuesdayDec 07, 2010 1:12 pm

Ultralife Corp. (ULBI) Signs $5.5 Million Supply Contract with Major Defense Contractor

Ultralife Corp. today announced it has received a $5.5 million supply contract with a major international defense contractor. Per the agreement, Ultralife will supply its suite of Land Warrior Lithium non-rechargeable batteries and rechargeable Lithium Ion batteries and charging systems for use with the Land 200 Battle Management System by the Australian military. Land Warrior is a modular fighting system that utilizes technology to improve the user’s close-combat tactical awareness, lethality and survivability. The system is equipped with weapon-mounted sensors, an integrated helmet assembly, a communications-navigation computer system and software for friendly-force tracking and command/control programs, and it incorporates Ultralife’s…

TuesdayDec 07, 2010 1:08 pm

Capstone Turbine Corp. (CPST) Secures New Orders in Light of Rising Demand

Capstone Turbine is the world’s leading clean technology manufacturer of microturbine energy systems, having shipped more than 5,000 of its MicroTurbine® systems to customers around the world. The company today announced it has received a purchase order for three C1000 Power Packages for a large independent oil-and-gas exploration and production company in the Eagle Ford Shale play in South Texas. The C1000 Power Packages will provide 3 megawatts of power to central processing facilities and metering stations at remote well sites in the Eagle Ford Shale play. Capstone’s distributor Pumps & Service secured the order. The distributor expects the customer…

TuesdayDec 07, 2010 1:05 pm

InVivo Therapeutics, Inc. (NVIV.OB) Raises $13 Million Dollars in Securities Deal

Yesterday, spinal cord injury treatment company InVivo Therapeutics announced that it has successfully closed a private placement offering for 13 million units of its securities. In total, the gross proceeds equal around $13 million. Each unit sold consists of one share of common stock of InVivo and one warrant, with each warrant entitling the holder to purchase one share of common stock for a five-year period at an exercise price of $1.40 per share. The issued warrants, if exercised, could yield additional total gross proceeds of $18.2 million. Back in October, InVivo announced that it had completed a placement of…

TuesdayDec 07, 2010 12:16 pm

National Automation Services, Inc. (NASV.PK) to Repurchase Half of All Outstanding Shares

National Automation Services, Inc. (NAS) excitedly announced today that it is planning to repurchase 50% of all outstanding free trading common stock from its investors at fair market price. With intentions to begin repurchasing shares next month, the company plans to use the stock for new acquisitions. According to the press release, NAS is prepared to repurchase as many as 28 million shares, which is a massive reinvestment into the company. Bob Chance, President and CEO of National Automation Services, commented, "The Company is making this move to fill the Treasury with stock to be used in negotiating the planned…

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