Blog - Page 3739 of 5592

ThursdayMay 13, 2010 1:34 pm

Phoenix International Ventures (PIVN.OB) Awarded Order from U.S. Navy through Wholly Owned Subsidiary

Phoenix Aerospace Inc., a wholly owned subsidiary of Phoenix International Ventures, Inc., has been awarded a Basic Order Agreement to manufacture, repair, modify, or develop support equipment for both the U.S. Navy and U.S. Marine Corps. The order also includes Foreign Military Sales (FMS). The five year contract did not list specific dollar amounts, but does include six types of equipment as candidates to be purchased by the Navy. The contract also may be amended to include additional types of equipment to be purchased from Phoenix Aerospace continually for five years. Phoenix International recently disclosed revenues for the year ending…

ThursdayMay 13, 2010 12:49 pm

Wavelink Corp. Teams Up with InfoLogix (IFLG) to Offer New Voice-enabled Mobile Platform for SAP Applications

Wavelink Corp. and InfoLogix, Inc. disclosed details yesterday regarding a new strategic partnership to add voice-enabled mobile solutions to SAP® customer’s warehousing and inventory management transactions, resulting in a hands-free work environment that combines the powerful voice features of the Wavelink® Speakeasy™ with IFLG’s proven SAP solutions to provide for dramatic improvements in accuracy, efficiency and safety while offering new ways to interact with existing SAP applications. The dynamic Speakeasy platform levels proprietary format and technology barriers with powerful, client-resident text-to-speech/speech-to-text engines, as well as fully automated voice capabilities which function irrespective of the applications, devices, network and server used…

ThursdayMay 13, 2010 12:47 pm

Aeterna Zentaris, Inc. (AEZS) Obtains FDA Investigational New Drug Approval for Leading Bladder Cancer Indication

Aeterna Zentaris Inc. is an innovative developer of oncology and endocrine therapies like Cetrotide®, which was the very first luteinizing hormone-releasing hormone (LHRH) to obtain approval for in vitro fertilization, announced FDA approval of an Investigational New Drug (IND) application for AEZS-108 bladder cancer treatment (a conjugate compound targeting doxorubicin in LHRH-receptor-positive urothelial cells). Phase 2 clinical trials on 64 male/female patients in advanced stages of the disease are slated for the latter half of this year, and will be conducted by Assistant Professor of Medicine, Gustavo Fernandez, M.D., at the Sylvester Comprehensive Cancer Center at the University of Miami’s…

ThursdayMay 13, 2010 11:42 am

Points International Ltd. (PTSEF.OB) Posts Record Revenue in Q1 2010 Results

Points International Ltd., the owner and operator of Points.com, the world's leading reward program management Website, today posted its results for the first quarter ended March 31, 2010. Total revenue for the first quarter of 2010 was $23.5 million, up 11 percent over $21.1 million reported in the first quarter of 2009. Principal revenue was $21.8 million, up 12 percent compared to $19.4 million in the same period last year. Other partner revenue was $1.7 million, down from $1.8 million reported in the same period of last year and down from $3.7 million in the fourth quarter of 2009. The…

ThursdayMay 13, 2010 11:29 am

T3 Series, Inc. (TMMM.OB) Electric Vehicle Chosen as Finalist in TechAmerica 17th Annual High-Tech Innovation Awards

California-based T3 Motion Inc. is a leader in cost-effective, clean technology electric vehicles. The company's revolutionary T3 series electric standup vehicle has been selected as a product finalist for TechAmerica Orange County's 17th Annual High-Tech Innovation Awards. The winners of the awards will be announced on June 2, 2010. The T3 Series ESV is deployed worldwide in a broad range of applications. The vehicle delivers impressive benefits in terms of significant energy cost savings, reduction of carbon footprints, increased productivity and enhanced community relations. The T3 series has brought significant reductions in its carbon footprint worldwide through its extremely, energy-efficient,…

ThursdayMay 13, 2010 11:27 am

China Wind Systems Inc. (CWS) Posts Positive Guidance for 2010 Based on Anticipation of Increased Demand

China Wind Systems Inc., a leading supplier of various forged components primarily to the wind power and textile industries in China, today announced guidance for fiscal year 2010, posting its expectation for significant increases. The Company said it expects 2010 revenues between $76.5 million and $85 million, a 43 percent to 59 percent increase from $53.5 million reported in fiscal 2009. EBITDA is expected to range between $22.7 million and $25.2 million, representing a 106 percent to 129 percent increase compared to $11.0 million reported in fiscal 2009. Adjusted net income, which excludes non-cash expenses related to convertible securities and…

ThursdayMay 13, 2010 11:26 am

Lingo Media Corp. (LMDCF.OB) Acquires ELL Technologies

Lingo Media Corp., a leading educational products and services company focused on English language learning in China, announced today that it has acquired all issued and outstanding shares of UK-based ELL Technologies Limited, a developer and provider of English language instruction solutions, distributed in 11 markets in Asia and Europe. The purchase will expand the Lingo product line, and extend its reach into 10 new countries, generating increased revenue. ELL Technologies currently markets its proprietary English language instruction products in China, Korea, Malaysia, Mongolia, the Philippines, Vietnam, Denmark, the Netherlands, Slovakia, Turkey, and the U.S. Their portfolio offers a full…

ThursdayMay 13, 2010 9:43 am

EGPI Firecreek, Inc’s. (EFIR.OB) West Texas Three Well Program Displays Success

Today, EGPI Firecreek announced that its West Texas Three Well Program with Whitt Oil & Gas is online with the McWhorter Well. EGPI’s successful operation and production of oil and gas will have lasting effects for the company and the marketplace. This successful operation will allow EGPI to ramp up the operations of its wholly owned subsidiary, Energy Producers, Inc. which will enable another stream of revenue for the young corporation. Whitt Oil & Gas is EGPI’s operator for the West Texas Three Well Program and has begun production of both oil and gas on the McWhorter well this week.…

ThursdayMay 13, 2010 9:39 am

Lightyear Network Solutions, Inc. (LYNS.OB) Appoints Randy Ammon as Chief Operations Officer

Lightyear Network Solutions Inc. provides telecommunications services to large, medium and small businesses, as well as residential consumers throughout North America. The company today announced the appointment of industry veteran and former senior manager at Nextel Partners, Randy Ammon, as its new chief operations officer. Mr. Ammon has over 20 years of telecom industry experience including management and senior level positions at well-known companies including AT&T, Nextel Partners and Telecom USA. He has also served as an operational advisor, interim president and chief financial officer for various companies ranging from start-ups to mid-size firms looking to implement cost containment strategies…

ThursdayMay 13, 2010 9:38 am

Jobless Benefits Claims Fall, but Slowly

A recent survey taken by Thomson Reuters revealed that jobless benefits claims are starting to fall – albeit slowly. The statistics mark the fourth straight week that claims have begun to fall, with economists determining the number to be around 440,000. Regardless, jobless claims haven't fallen as quickly as many economists would like. After dropping steadily last year from a peak of 651,000, they have fluctuated at around 450,000 in 2010; claims will need to fall below 425,000 to signal sustained job growth. Economists are interested in watching the weekly claims for unemployment, particularly new ones, because it serves as…

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