Blog - Page 3720 of 5551

MondayApr 26, 2010 10:26 am

Intellect Neurosciences (ILNS.OB) Completes Financial Restructuring, Highlights Expectations for Alzheimer’s Drug

Intellect Neurosciences Inc. engages in the discovery and development of disease-modifying therapeutic agents for Alzheimer’s disease (AD). The company recently restructured its balance sheet and today announced that through the issuance of common stock, it was successful in extinguishing about $24 million of accrued interest of debt and preferred stock. In addition, the company said that several of its “significant” shareholders pooled together to provide enough funds fuel the company’s operations for the next 12 months. Company chairman and CEO Daniel Chain, PhD, said the funding enables the company to pursue new opportunities for its drug development. "Our stakeholders recognize…

MondayApr 26, 2010 10:10 am

Force Fuels, Inc. (FOFU.OB) Announces the Purchase of Producing Oil Leases

Force Fuels Inc. is an energy company focused on the purchase of oil leases with the potential for additional drilling in proven producing areas. Along those lines, the company announced today that it has signed a contract with PEMCO LLC of Oklahoma for the purchase of 13 oil and gas mineral leases in Kansas. The leases are in Chautauqua and Montgomery County on the southern end of Kansas. This area is a well-known oil and gas producing area where several prolific reservoirs are present. Comprising over 2,600 acres, the leases have 54 existing oil and gas wells with all the…

MondayApr 26, 2010 10:08 am

NanoViricides, Inc. (NNVC.OB) Announces Registration for Trademark

One company that is capturing the attention of investors on Wall Street is NanoViricides. Located in West Haven, Connecticut, NanoViricides is a development stage company that has quickly evolved into a leader in the fight against such viral diseases as H1N1, Swine flu, HIV and Herpes. Today, NanoViricides announced trademark registration for their mark “nanoviricides.” The mark “nanoviricides” consists of standard characters without claim to any particular font, style, size, or color. The mark is now a registered trademark under the US Patents and Trademarks Office (USPTO) and was entered into the “principal register” of trademarks on April 20, 2010.…

MondayApr 26, 2010 8:44 am

Magyar Bancorp (MGYR) Reports Financial Results for Q1 2010

Magyar Bancorp reported net income of $279,000, or $0.05 per diluted share, in the first quarter of 2010, ending March 31. Magyar Bancorp earned $409,000, or $0.07 per diluted share, in the first quarter of 2009. The company blamed an increase in non-interest expenses for the year-over-year decline in net income. Magyar Bancorp saw an improvement in asset quality in the quarter relative to last year, and expressed optimism that the trend would continue in 2010 as the economy improves. John Fitzgerald, the CEO of Magyar Bancorp, said, “Our second quarter results show continued improvement in the Company's operations, including…

MondayApr 26, 2010 8:37 am

Rahaxi, Inc. (RHXI.OB) Video Chart for Monday, April 26, 2010

RHXI has made a quiet move the last couple trading days. We are looking for a possible continuation, but it needs to “kick it up a notch” these next couple days. Watch the video to see what needs to happen. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=384 Let us hear your thoughts below:

MondayApr 26, 2010 7:36 am

General Environmental Management, Inc. (GEVI.OB) Implements New Business Model to Drive Profitability and Higher Margins

General Environmental Management Inc.'s focus remains on implementing its revised business model to expand from an environmental services only company to an enterprise that begins with the treatment and disposal of non-hazardous wastewater at its subsidiary, Southern California Waste Water (SCWW), and expands to include a full spectrum of environmental services for its clients. The company’s ultimate goal is to establish a nationwide network of environmental facilities. “GEM has been providing a premium level of environmental solutions to clients in the Western Region of the United States for over seven years,” stated Timothy Koziol, Chief Executive Officer of GEM. “In…

MondayApr 26, 2010 7:11 am

TOMI Environmental Solutions, Inc. (TOMZ.OB) Announces QualityStocks Coverage

TOMI Environmental Solutions, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, and Message Boards. QualityStocks has over 750,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report. TOMZ is focused on providing environmental services that use UV ozone, activated hydrogen peroxide and UVGI-Filtration to achieve a safe and healthy indoor environment. The company’s state of the art equipment and 3-Dimensional application inactivate viruses, remove allergens and asthma triggers, and eliminate MRSA, C-Diff,…

MondayApr 26, 2010 7:08 am

Franco Lodato Joins Bluewave Group, Inc. (BLEW.OB) to Design MP4 Player

Bluewave Group, Inc. announced late Friday that they have retained Motorola's former Chief Designer, Franco Lodato. He will design the Company's innovative MP4 player, "The Rock". A sleek, affordable, MP4 device with various features, "The Rock" will sell with a multimedia offering from artists. This includes music, photos, and videos. The target production date for this particular MP4 player is this current calendar year. In addition to being user-friendly, the low cost of "The Rock" will make it accessible to the Lower Disposable Income market, as well as narrow the gap of the "digital divide." Bluewave Group, Inc. President Mr.…

MondayApr 26, 2010 7:05 am

Advanced Energy Industries, Inc. (AEIS) Reports Strong Increase in Net Income and Revenues

Advanced Energy Industries, Inc. reported net income of $6.2 million, or $0.15 per diluted share, in the first quarter of 2010. Net income increased sequentially from the $1.5 million, or $0.04 per diluted share, earned in the fourth quarter of 2009. The company lost $79.8 million, or $1.90 per share, in the first quarter of 2009. Advanced Energy Industries, Inc. also reported a strong increase in revenues on a sequential and year over year basis. Revenues in the first quarter of 2010 were $81.6 million, up from $66.4 million in the fourth quarter of 2009, and $32.6 million in the…

MondayApr 26, 2010 7:04 am

Mainland Resources, Inc. (MNLU.OB) Closes Sale of Shale Assets

Mainland Resources, Inc. closed on the sale of its assets in the Haynesville Shale in Louisiana to EXCO Resources (XCO). The sale is effective as of January 1, 2010. The assets are located in the East Holly Field, in DeSoto Parish, Louisiana, and Mainland Resources, Inc. received $28.16 million cash in the sale. Mainland Resources, Inc. said that the Haynesville Shale assets divested included the company’s 40% working interest in mineral rights at a depth lower than the base of the Cotton Valley Sand formation. The company kept a full interest in all formations above this base, including the Cotton…

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