Blog - Page 3758 of 5482

FridayJan 15, 2010 3:22 pm

Aberdeen Australia Equity Fund, Inc. (IAF) Pays Quarterly Distribution

Aberdeen Australia Equity Fund, Inc. paid a dividend of $0.22 per share on January 15, 2010 to all shareholders of record as of December 31, 2009. Since Aberdeen Australia Equity Fund, Inc. is regulated under the Investment Company Act of 1940. The distributable income of the fund must be reported as separate components for tax purposes as follows: Net Investment Income - $0.0593 Net Realized Short-Term Capital Gains - $ 0.0 Net Realized Long-Term Capital Gains - $0.1104 Return of Capital - $0.0503 The Aberdeen Australia Equity Fund, Inc. said that the components above are only estimates and a final…

FridayJan 15, 2010 2:58 pm

China Facing Google (GOOG) Rebellion

Economic globalization and instant worldwide communication through the Internet have resulted in cultural, economic, and political clashes that could promote human rights and democracy in ways never before possible. The most recent example is the standoff between the centralized government of China and Google over the government’s censorship of search results. China requires all Internet traffic to pass through government gateways, which then filter out anything the government considers subversive. Sites which are blocked by the filters do not show up on searches at Google’s China-based website. Google has reluctantly gone along with the rules, given that China represents the…

FridayJan 15, 2010 2:08 pm

Icagen, Inc. (ICGN) is “One to Watch”

Icagen, a biopharmaceutical company, focuses on discovering, developing and commercializing novel small molecule drugs that modulate ion channel targets. The company has developed an integrated technology platform that enables the efficient discovery of drug leads. Ion channels are protein structures found in nearly every cell of the human body. These channels span the cell membrane and regulate the flow of ions, charged particles such as sodium, potassium, calcium and chloride, into and out of cells. Currently, there are 35 drugs that modulate ion channels which are marketed by third parties for multiple therapeutic indications. Icagen utilizes a target class approach…

FridayJan 15, 2010 11:28 am

Bingo.com, Ltd. (BNGOF.OB) Announces Selection of Cozy Games as New Software Provider

Bingo.com, Ltd., operator of the online gaming community http://www.bingo.com, announced this morning that it has selected Cozy Games to be its new core software platform for bingo, slots, and other casino games. The games are now available to everyone at the Bingo.com website after a smooth transition to the new system. "We're excited to be live on the Cozy Games system," stated Tarrnie Williams, Bingo.com's CEO. "We believe that with an improved bingo product, the addition of over 30 new slots games, the upcoming availability of our games over smart phones, and many other advanced features, Bingo.com will experience greater…

FridayJan 15, 2010 11:24 am

Medical Care Technologies Inc. (MDCE.OB) To Launch First Telehealth Clinic

Medical Care Technologies Inc. revealed exciting news today, January 15, 2010, about leveraging the Company’s proprietary Telehealth technology in the opening of MCDE’s very first Telehealth Clinic in Tianjin, 100km SE of Beijing. The London, England-based MDCE’s Telehealth technology is a framework for providing advanced connectivity and internationalized standardization in a secure environment for the growing Asian health industry. The Company has entered into talks with local Chinese officials in order to secure this initiative, which will represent only the first of many such sites, as is consistent with MCDE’s business strategy to move from a portfolio of oil into…

FridayJan 15, 2010 11:20 am

General Environmental Management, Inc.’s (GEVI.OB) Acquisition of Santa Clara Waste Water

Just two short months ago, General Environmental Management Inc. announced an important first step in its move from a field waste services company into more lucrative sectors such as water treatment. The company reported the completion of its acquisition of Santa Clara Waste Water (SCWW) in California. Santa Clara Waste Water is a profitable, 50 year old company focused primarily on waste water treatment. Since its inception, SCWW has treated more than 2 billion gallons of waste water and was among the top 100 privately-owned, non-hazardous, waste water utilities in the United States. The company financed the acquisition through six…

FridayJan 15, 2010 9:33 am

GSC Investment Corp. (GNV) Reports Investment Gain in Third Fiscal Quarter

GSC Investment Corp. reported net investment income of $0.9 million, or $0.10 per share, in its third fiscal quarter ending 11/30/2009. The company also reported a strong gain on investments of $8.3 million, or $0.91 per share, during the quarter. For the first nine months of the fiscal year, the company reported net investment income of $4.5 million. GSC Investment Corp. said that most of the gain was due to unrealized appreciation in its net assets, which ended the quarter at $3.80 per share, down from $6.91 per share in the previous quarter. The large decline in net asset value…

FridayJan 15, 2010 9:30 am

InfoSpi Inc. (ISPI.OB) to Finalize Lease Negotiations

InfoSpi Inc. recently announced that it is currently working towards finalizing negotiations to lease a 40,000 square feet warehouse with railroad access in Pompano Beach, Florida. The warehouse will be used to install InfoSpi's first Tire to Oil (T2O) facility – a milestone in the development of the project. Chris Hamilton, CEO of InfoSpi, commented, "Our ability to convert over 1,000,000 -used tires in each of our facilities into much needed re-useable commodities is exciting.” The facility will be capable of processing 30 tons of used tires per day, recovering oil, carbon black and high-grade steel. The company plans to…

FridayJan 15, 2010 9:29 am

Target (TGT) Reinstates $10 Billion Share Repurchasing Program as Business Improves

Target Corp., an upscale discounter that provides high-quality, on-trend merchandise, recently announced that the company will resume a $10 billion share buyback program due to improving operations. In an effort to preserve cash during what the company considered “an exceptionally challenging environment,” Target halted its stock repurchase plan in November 2008. At the end of the third quarter of 2009, Target had acquired 95.2 million shares for approximately $4.9 billion, equivalent to half of the amount authorized by the company's board in late 2007. The company’s executive management team hopes to complete the buyback program over the next two to…

FridayJan 15, 2010 9:27 am

AlumiFuel Power Corp. (AFPW.OB) Subsidiary to Display PBIS-1000 at American Meteorological Society Conference

AlumiFuel Power Inc., a subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water and proprietary additives. This technology is ideally suited for niche applications requiring on-site, on-demand fuel sources. The company announced today that it will be displaying its first production unit lift gas hydrogen generator, the PBIS-1000, at the American Meteorological Society annual meeting in Atlanta, Georgia, January 18-19, 2010. The unit will be displayed at the booth of Kaymont Consolidated, the world's largest weather balloon distributor. Kaymont is…

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