Blog - Page 3770 of 5482

MondayJan 04, 2010 11:48 am

Weis Markets (WMK) Lowers Prices on Thousands of Grocery Items

Weis Markets lowered prices on 2,600 products that it carries in its stores, and froze prices for an additional 624 items. The two measures will run for 90 days, until April 1, 2010, and are spread across the produce, frozen, dairy, meat, deli and bakery sections. The company took the action to help its customers during the recession and financial crisis. David J. Hepfinger, the CEO of Weis Markets, said, “It is clear our customers remain in a cautious mood due to the weak economy. Over the past year, our Price Freeze program has generated $16 million in savings for…

MondayJan 04, 2010 11:42 am

China Ceramics Co. Ltd. (CHSQ.OB) Subsidiary Posts Unaudited Q3 Results, Reporting 16% Increase in Revenue

Leading Chinese ceramic tiles manufacturer, China Ceramics Co. Ltd., today posted its unaudited third-quarter financial results for Success Winner Limited, its BVI-located subsidiary. The results are prior to China Ceramics’ acquisition of Success Winner in November 2009. For the third quarter ended September 30, 2009, Success Winner reports a 15.8 percent increase in revenue, attributed to a 16.4 percent increase in square meters of ceramic tiles sold in the third quarter of 2009 as compared to the third quarter of 2008. Revenue for the nine months ended September 30, 2009, increased nearly 9.6 percent from the same period in 2008,…

MondayJan 04, 2010 11:38 am

eDoorways Corp. (EDWY.PK) Launches Recent Developments Section to Showcase Coming Upgrades and Features

eDoorways Corp. today announced that it has added a "Recent Developments" tab to the navigation bar of its corporate website, this past Thursday, December 31st, 2009. The Recent Developments section provides users and investors with descriptions of some exciting new upgrades and features coming to the PowerKeys, chat and top menu functionality. The added section also offers a look at what the interface of the first doorway's Dashboard will ultimately look like once "SOLVE" is fully functional. "What people must remember is that 'SOLVE,' in the beginning, had a very robust yet much more complex GUI as demonstrated by the…

MondayJan 04, 2010 9:14 am

Synergy Resources Corp. (SYRG.OB) Completes Private Offering Sale

Oil and gas specialist Synergy Resources Corporation announced that it has completed a 41.65 unit sale in a private offering. From the sale, Synergy received net proceeds of $3,700,000. The company has decided to divide the proceeds towards the following projects: commencing its 2009/2010 winter drilling program, initiating a planned well program in the Wattenberg Field in the D-J Basin, and stimulating and placing in production 7 Meyer wells and 4 Wiedeman wells. Each of the units in the offering consists of one promissory note in the principal amount of $100,000 for 37,000 warrants. The notes bear interest at 8%…

MondayJan 04, 2010 9:12 am

Seven Arts Pictures (SAPX) Announces Production and Distribution Agreement with Three UK-based Film Companies

Seven Arts Pictures, an independent motion picture production and distribution company, recently announced the completion of a production and distribution agreement with investors in the United Kingdom. This agreement is intended to raise capital for the production and distribution costs for future motion pictures and acquisitions. After successfully completing the first tranche of the investment on August 26, 2009, Seven Arts Pictures closed the balance of the transaction on December 27, 2009. The company is expected to record net revenues of roughly $3 million from the transaction, which it intends to use to pay back indebtedness. Seven Arts Pictures expects…

MondayJan 04, 2010 9:10 am

Cushing MLP Total Return Fund (SRV) to Raise $1.9 Million In Stock Offering

The Cushing MLP Total Return Fund announced a public offering of 250,000 shares of common stock at $7.56 per share. The fun expects to receive $1.9 million in net proceeds from the offering, and will use the funds to invest in adherence with its objectives. The Cushing MLP Total Return Fund is selling the shares at a 20% premium to the net asset value of the fund on December 23, 2009. The total shares outstanding of the Cushing MLP Total Return Fund will increase to 12,536,691 after the offering closes in January 2010. The Cushing MLP Total Return Fund is…

ThursdayDec 31, 2009 4:04 pm

NetSol Technologies, Inc. (NTWK) Sets International Standard for Leasing and Finance Solutions

NetSol Technologies, Inc., the established provider of business services and enterprise software solutions to a growing global market, developed the NetSol Financial Suite (NFS) as a framework for robust and highly customized solutions that offer tight integration with existing systems across environments with multiple assets and languages. One major, fully-integrated component of the NFS is the industry-renowned LeaseSoft, NetSol’s suite of end-to-end leasing and finance software solutions. Developed for finance and lending industries around the globe, NetSol Technologies Limited has created a unique suite of Enterprise IT Managed solutions based on the proven LeaseSoft technology. LeaseSoft Asset is a specialized…

ThursdayDec 31, 2009 3:49 pm

ICP Solar Technologies Inc. (ICPR.OB) Signs Letter of Intent to Merge with EPOD Solar

ICP Solar Technologies Inc., an established innovator in every aspect of solar systems, from panels to monitoring and power management solutions (all based on unique and proprietary technology), announced today the signing of a letter of intent (LOI) with EPOD Solar Inc. (EPDS.OB). Based in Canada and headquartered in Kelowna, British Columbia, EPDS implements and runs a variety of solar parks in both North America and Europe. With proven expertise in developing the essential elements of the solar equation, from power generation to the manufacturing of panels, EPDS creates and installs solar panels in its own solar parks as well…

ThursdayDec 31, 2009 3:43 pm

Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering

Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering Saia, Inc. (SAIA) signed an agreement to sell 2.31 million shares of common stock at a price of $11.50 per share to a group of institutional investors. The company will receive $25.1 million in net proceeds, which will be used pay down outstanding debt. Saia, Inc. also amended its credit agreement with its lenders to waive compliance with certain of its debt covenants. The amendments permit non-compliance with certain leverage and fixed charge covenants through March 31, 2011. Saia, Inc. agreed to the following conditions in return for this waiver: •…

ThursdayDec 31, 2009 3:39 pm

Pyramid Oil Company (PDO) Demonstrates its Ability to Generate a Safe and Reliable Return

The energy markets are in a state of flux at the moment. Oil, gas, wind, geothermal and solar are all thought to be ways to invest in energy. Past oil and natural gas not going away anytime soon, no realistic forecast can indicate what the next mainstream power source will be. With this in mind, one can point to a certainty as it relates to investing. If a company has survived a boom and bust cycle for a sustained period, it will likely remain and be stable as additional booms and busts occur, regardless of the sector. Pyramid Oil Company,…

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