Blog - Page 3775 of 5383

WednesdaySep 16, 2009 12:40 pm

Five Star Quality Care, Inc. (FVE) is “One to Watch”

Five Star Quality Care, Inc. (AMEX: FVE) is a national healthcare and senior living services provider focused on building a solid financial base by carefully managing assets, resulting in a better bottom-line and enhanced resident care. With more than 21,000 employees in 230 locations nationwide, the company operates through three major divisions: Five Star Senior Living, Five Star Rehabilitation Services, and Five Star Pharmacy Services. The Five Star Senior Living division includes more than 200 Independent Living and Assisted Living facilities, Skilled Health Care facilities, and Continuing Care Retirement Communities. Through its Rehabilitation Services division, Five Star operates rehabilitation hospitals…

WednesdaySep 16, 2009 11:33 am

Savoy Energy Corp. (SNVP.OB) Sees Increasing Returns, Reduced Costs

Savoy Energy Corp., an independent oil and gas company specializing in the turnaround of abandoned wells, is in a rather unique position within the industry. While many oil and gas companies depend upon searching for and discovering new wells, still a largely speculative process in spite of all the technologies now being applied, Savoy goes after existing wells. These are wells that still have oil, but which were abandoned earlier because previously available technologies and processes were simply not able to economically extract the remaining stock. Using innovative approaches, Savoy is able to tap into those remaining resources, bringing the…

WednesdaySep 16, 2009 10:18 am

Newport Digital Technologies, Inc. (NPDT.OB) Opens Arkansas Office to Support Launch of RFID Technology Solutions

Newport Digital Technologies, Inc. announced earlier today the opening of an RFID sales and research and development (R&D) office in Bentonville, Arkansas to support the company's introduction of end-to-end RFID solutions to the supply chain and retail market places. The newly appointed RFID Lab Manager and Wal-Mart Account Manager will report directly to NPDT Chief Operating Officer Weiling Tsao and will work closely with NPDT's Taiwan-based R&D partners, the Institute for Information Industry (III) and Industrial Technology Research Institute (ITRI). "We enthusiastically welcome both Matthew and Joseph to our management team," stated Mr. Tsao. "These gentlemen bring a wealth and…

WednesdaySep 16, 2009 9:36 am

China to Be the First Target Market for Organa Gardens International Inc.’s (OGNG.OB) OGS-E

Organa Gardens International Inc., the sustainable vertical gardens systems company, reports that it has targeted the China market as its first point of entry into the hydroponics organic market. The company is in discussions with a China-based company to manufacture and distribute its Organa Garden Systems-Enterprise (OGS-E). The domestic Chinese retail market for organic foods was valued at only $195 million in 2004, which is less than 1% of China's total food market. However, the organic produce sector in China did increase by tenfold during the 1999-2004 period and has continued to be promoted and supported by the Chinese government.…

WednesdaySep 16, 2009 9:31 am

U.S. Concrete, Inc. (RMIX) Divests Assets in California

U.S. Concrete, Inc. recently announced the divestiture of four concrete plants located in Sacramento, California. The company sold the plants for $6.0 million, plus an adjustment based on associated inventory transferred with the assets. In 2008, these assets produced $28 million in revenue for U.S. Concrete. The company said the proceeds would be used to pay down debt. U.S. Concrete reported a loss of $4.0 million, or ($0.11) per share, in the second quarter ending June 30, 2009. The company earned $3.3 million, or $0.08 per share, in the same quarter last year. Revenues in the quarter were $143.7 million,…

WednesdaySep 16, 2009 8:59 am

FACT Corp. (FCTOA.OB) Restructures Outstanding Debt

FACT Corporation operates through its wholly-owned subsidiary, Food & Culinary Technology Group Inc. The company develops and markets customized nutrition solutions for the global baked-goods industry. FACT sells specialty bake mixes to commercial producers who use these mixes to manufacture popular, health-friendly packaged baked goods. The company announced today that it has successfully negotiated a restructuring of the majority of its short-term debt with various creditors. All of the short-term debt has been converted to long-term, convertible debt. The breakdown of the debt conversions follows: • On August 20th, the company entered into debt settlement agreements with three creditors to…

WednesdaySep 16, 2009 8:55 am

eDiets.com, Inc. (DIET) Announces Additional Investment for Growth Opportunities

eDiets.com, Inc., a provider of personalized nutrition, fitness and weight-loss programs, recently announced that the company has entered into a $600,000 private placement with certain management members and the board of directors. The investment will immediately convert into common stock at $1.06 per share. As a leading provider of convenient at-home diet, fitness and healthy lifestyle solutions, eDiets.com will use the proceeds to fund future growth opportunities, including the expansion of advertising related to fresh meal delivery relaunch. eDiets.com provides a broad range of customized wellness and weight management solutions for Fortune 500 clients. The company’s unique infrastructure offers businesses…

WednesdaySep 16, 2009 8:54 am

China Advanced Construction Materials Group (CADC.OB) to Present at the Maxim Group Growth Conference in New York City

China Advanced Construction Materials Group, Inc., a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments, recently announced that the company’s chief executive officer, Mr. Gene Hsiao, will present at the Maxim Group Growth Conference in New York City on Tuesday, September 29, 2009. Mr. Hsiao is scheduled to present at the Grand Hyatt New York Hotel at 11:00 a.m. Eastern Time. Maxim Group, a full-service investment banking, securities and investment management firm, is hosting the Maxim Group Growth Conference, which will feature interactive presentations from over 80 companies, and one-on-one meetings with executives from…

WednesdaySep 16, 2009 8:53 am

Yayi International Inc. (YYIN.OB) Posts Solid Q3 Results and Positive Forecast of Premium Goat Milk Market

Yayi International Inc. is a leading producer and distributor of goat milk formula products for individuals of all ages in the People’s Republic of China. The company today announced its financial results for the third quarter ended July 31, 2009, reporting solid increases and its expectations for the milk market. Yayi posted a 13.2 percent increase in net sales at $7.1 million, up from $6.3 million for the third quarter of 2008. The company attributed 92 percent of the growth to increased sales volume as the company expanded its shelf space to more retail stores and distributors; 8 percent of…

WednesdaySep 16, 2009 8:08 am

Axial Vector Energy Corp. (AXVC.PK) to be Featured on Cover Story of Automotive Industries Magazine

Axial Vector Energy Corporation was pleased to announce today that Automotive Industries Magazine will feature its unique engine technology as its cover story in the January issue. Devoted to providing global coverage on all aspects of the automobile, Automotive Industries emphasizes on people, products and processes that shape the industry. According to the press release, the in-depth cover feature will focus on the engineering breakthroughs of the AVEC engines and what their rapid commercialization will do for reduced energy consumption and a much lower impact on the air and environment. Automotive Industries currently provides more than 40,000 manufacturers and suppliers…

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