Blog - Page 3745 of 5386

MondayOct 19, 2009 1:23 pm

Oil Sets 2009 Record High of $79

Oil broke out of the $65-75 holding pattern of the last five months on strength of a declining dollar, speculation about rising consumer confidence, and potential growth next year in the global economy. Above $79 a barrel this morning before declining slightly, oil set a record high for this year of $79.05 and has been hovering just under that mark since. As the market looks to 3Q profitability data from major retailers this week, including McDonald’s, Apple, Hasbro and Whirlpool, there is a strong desire to see overall consumption start to increase, which would further justify rising energy and commodity…

MondayOct 19, 2009 1:20 pm

Beacon Enterprise Solutions Group, Inc. (BEAC.OB) Continues Engagement with Fortune 100 Pharmaceutical Company

Today, Beacon Enterprise Solutions Group, Inc., an emerging global leader of high performance Information Transport Systems (“ITS”) infrastructure solutions, announced that it has expanded its relationship with an existing Fortune 100 pharmaceutical client to provide ITS infrastructure documentation, design, installation and ongoing management services. Valued at approximately $27 million, the engagement will initially focus on Switzerland, France, Germany, Italy, Netherlands, Belgium and the United Kingdom. Later it will expand to include 31 additional European, Middle Eastern, and African nations. The engagement follows other pre-existing projects that Beacon currently manages for this client. Beacon will conduct ITS infrastructure assessments and prepare…

MondayOct 19, 2009 1:17 pm

Consorteum Holdings, Inc. (CSRH.OB) Has Major Competitive Strengths

Consorteum Holdings Inc. has been successful largely because of its unique competitive strengths. It’s these strengths that have allowed the company to come up with innovative solutions in a crowded marketplace, evaluate and execute opportunities efficiently and quickly, and keep costs in line from initial development to final implementation. First of all, Consorteum is singularly focused on repeat-transaction oriented processing solutions in the card, payment, and transaction processing industry. This approach results in solutions that are of long term benefit for both the user and Consorteum. In addition, there is a strong management commitment to minimum revenue contribution for each…

MondayOct 19, 2009 1:14 pm

Data Call Technologies, Inc. (DCLT.OB) Positioned Well in a Growth Industry

Data Call Technologies, Inc. is in one of the few sectors which has still managed to grow in a recessionary environment – the digital signage industry, which is expected to be a $2.6 billion market by 2011. The US digital signage market is expected to grow this year and next, driven by the decline in price for digital screens, which will allow companies to increase awareness among consumers of their brand while not increasing their advertising budget. Since its founding in 2002, Data Call Technologies has uniquely positioned itself in the digital signage industry with its emphasis on active, real-time…

MondayOct 19, 2009 11:28 am

Shiner International, Inc. (BEST) Signs Contract to Supply Coated Food Safe Packaging to China’s Largest Meat Product Manufacturer

Shiner International, Inc. excitedly announced today that it has entered into a new contract with Shineway Group, the largest meat product manufacturer in China. The company believes that this contact has the potential to contribute up to RMB4,000,000, (approximately $586,000) in monthly revenues to its coated food safe packaging sales. "We are excited and invigorated by this new engagement with Shineway, the leading manufacturer of meat products in China. This is a strong ray of light in what has been a difficult past for Shiner, due in large part to the global economic recession. The passage of the new Food…

MondayOct 19, 2009 10:15 am

Muscle Flex, Inc. (MFLI.PK) Moving Into Water-Related Products

Muscle Flex Inc. is a leading edge fitness, health and lifestyle company that develops new brands and products to market using direct response TV advertising and commercials as well as media content for network and cable television distribution. Water is regarded by Muscle Flex as potentially the most important ingredient in maintaining a healthy lifestyle. It is estimated that as many as 75% of Americans do not drink enough good clean water on a daily basis. Water consumption is one of Danny Alex's (CEO and founder of Muscle Flex) 30 fitness rules to living a better and healthier lifestyle. Drinking…

MondayOct 19, 2009 10:04 am

Ormat Technologies (ORA) Announces Joint Venture Agreement for Solar Power Systems

The Nevada Company Ormat Technologies announced that Ormat Subsidiaries Ltd., its Israeli subsidiary, entered into a Joint Venture Agreement (JVA) with Sunday Energy Ltd. Sunday is a private Israeli energy company and the agreement will be to construct and operate solar-photovoltaic energy systems with a total capacity of 36 MW throughout Israel. According to the JVA, Ormat will now own 70% of each special purpose entity (SPE) with Sunday contributing the rights to all of its property and roofs required to develop solar energy systems above 1 MW to SPE’s. The agreement between Ormat and Sunday will have major effects…

MondayOct 19, 2009 10:00 am

DSA Financial Corp. (DSFN.OB) Reports First Fiscal Quarter Earnings

DSA Financial Corporation reported earnings of $145,000 or $0.09 per share for its first fiscal quarter of 2010 ending 9/30/2009. The company reported earnings of $184,000 or $0.12 per share in the same quarter last year. The decline in earnings was attributed to a large increase in the provision for loan losses due to the recession and financial crisis. DSA Financial Corporation increased its provision for loan losses by 1000%, from $26,000 in last year’s first fiscal quarter to $225,000 in the quarter just ended. DSA Financial Corporation also declared its regular dividend of $0.105 per share of common stock.…

MondayOct 19, 2009 9:56 am

Westway Group, Inc. (WTWG.OB) Acquires Assets of Southside River-Rail Terminal, Inc.

Westway Group, Inc., a provider of bulk liquid storage services and a leading manufacturer/distributor of liquid animal feed supplements, recently announced that the company’s wholly owned subsidiary, Westway Terminal Cincinnati, LLC, has acquired the storage assets, contractual relationships and property of Southside River-Rail Terminal, Inc. located in Cincinnati, Ohio for approximately $20 million in cash. As one of the largest independent, full-service bulk liquid handling facilities in the Midwestern United States, Southside River-Rail handles barges, rail and truck operations, and has over 35 million gallons of bulk liquid storage capacity. The terminal facility that was acquired by Westway is located…

MondayOct 19, 2009 8:33 am

eDoorways Corp. (EDWY.PK) Provides New Updates to Shareholders; Releases Third Video Vignette

eDoorways Corp. today announced the release of its "Benefits to Small Businesses" video vignette. This video introducing eDoorways' platform, educating its target audience on the functionality and uses of its doorways, as well as communicates the company's progress to shareholders. Gary Kimmons, Chairman & CEO of the eDoorways Corporation explains, "The objective of eDoorways is to allow the small businesses that may have limited resources to make the best use of those resources so that they can compete with the big guys." eDoorways believes that a majority of the approximate 15,500 small businesses operating in Austin would make prime eDoorways…

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