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MondayMar 22, 2010 9:19 am

Inova Technology, Inc. (INVA.OB) Announces Quarterly Results, Now Trading on OTC Bulletin Board

Inova Technology Inc. is an enterprise level information technology solutions provider specializing in providing RFID solutions, wireless networking, storage and security technology solutions and IT professional services. The company today reported revenues of $12.9 million for the nine month period ended January 31, 2010 and $3.8 million for the quarter ending the same date. The bulk of the revenues were derived from its Desert Communications subsidiary, which provides network solutions for hundreds of school districts, universities and municipal governments. Inova's other subsidiary, RightTag, provides RFID solutions to manage and track objects. INOVA reported EBITDA (earnings before interest, tax, depreciation and…

MondayMar 22, 2010 8:14 am

Cellceutix Corp. (CTIX.OB) Signs Agreement with Formatech for Kevetrin™

Cellceutix Corp. has signed an agreement with Formatech to formulate Kevetrin for a Phase 1 study as issued in a press release this morning at 7:30 am EST. Formatech, based in Andover, Massachusetts, was established in 1993 and provides contract services for their clients’ product development and manufacturing challenges. Fomatech has achieved excellent results in developing biotherapeutic products. This agreement helps Cellceutix stay on course with the future Investigational New Drug (IND) filing for Kevetrin. Kevetrin, Cellceutix’s lead product, is a drug in developmental processes to treat drug resistant cancers. Cellceutix’s Chief Scientific Officer, Dr. Krishna Menon, MCA, PhD, VMD,…

MondayMar 22, 2010 8:04 am

Target Development Group, Inc. (TDGI.PK) Division Acquires Rights to “Racing Dreams”

Target Development Group, Inc. announced on Thursday that Hannover House, the video and film distribution division of Target, has secured the rights to “Racing Dreams”. “Racing Dreams” is a documentary about young go cart racers and their dreams to one day race on the NASCAR circuit. “Racing Dreams” was awarded “Best Documentary” in 2009 at the acclaimed Tribeca Film Festival held in New York City. “Racing Dreams” has household names attached with it including being directed by Academy Award nominee, filmmaker Marshall Curry, executive producer Dwayne (“The Rock”) Johnson and producer Jack Turner. The documentary follows the lives of 2…

MondayMar 22, 2010 8:04 am

Bio-Solutions Corp. (BISU.OB) Signs Letter of Intent with Burkina Faso for GreenEx™

Bio-Solutions Corp. issued 2 press releases last week. The most notable was released on Friday at market’s close which announced Dr. Gilles Chaumillon, Bio-Solutions’ CEO and President, completed his visit to Dori, a city in Burkina Faso, Africa. A meeting with the mayor of Dori was highlighted by the signing of a “Letter of Intent” (LOI) for the implementation and water treatment of Bio-Solution’s flagship product, GreenEx. A municipal funding application will be submitted in April. Dr. Chaumillon also noted that other ministries have expressed a serious interest in the product. He was quoted as saying “This First LOI represents…

MondayMar 22, 2010 7:35 am

Smartlinx Acquisition Corp. (SMLK.OB) Hitting More Milestones

After market close on Friday, Smartlinx Acquisition Corporation issued a press release regarding their wholly-owned subsidiary, Smartlinx VoIP Networks Pvt. Ltd., which is based in Hyderabad, India. One focus of Smartlinx VoIP Networks is a live tutor program (appropriately called “Live Tutor”) that utilizes software, broadband networks and devices to connect students and teachers for online video education. Smartlinx has partnered with the largest telecom company in India, Bharat Sanchar Nigam Limited (BSNL), to provide this program using Voice and Video over Broadband (VVOBB) technologies. A tutor recruitment program was launched February 1, 2010 with a goal of registering 10,000…

MondayMar 22, 2010 7:26 am

Freshwater Technologies, Inc. (FWTC.OB) Reports Sales Progress

Friday, Freshwater Technologies Inc. proudly announced that its sales progress in Peru has reached significant levels. Company distributors have installed 10 FW water activators in refrigeration systems for a number of industrial and commercial sites. FW water activation technology is used with cooling towers and evaporative condensers to provide air conditioning for facilities; the technology also aids in the production of ice for the hospitality and fishing industries. The use of an FW Activator has shown to reduce energy costs, ice cloudiness caused by calcium levels in the water, and an elimination of the cracking of the individual cubes. This…

MondayMar 22, 2010 7:23 am

Patrick Industries, Inc. (PATK) Reports Financial Results for Q4 2009

Patrick Industries, Inc. reported net income of $0.9 million, or $0.09 per diluted share, for the fourth quarter of 2009. This was a significant improvement from the net loss of $69.2 million, or $7.59 per diluted share, in the same quarter of 2008. The loss in the fourth quarter of 2008 included a deferred tax asset valuation allowance of approximately $18.0 million, or $1.97 per diluted share. Revenues fell slightly on a year over basis from $55.9 million in the fourth quarter of 2008 to $53.4 million in 2009. Management said that it saw a mixed performance during the quarter,…

MondayMar 22, 2010 7:22 am

Nexen Inc. (NXY) Reports Successful Well in the Gulf Of Mexico

Nexen Inc. reported a successful deepwater well in the eastern Gulf of Mexico, located at the Appomattox prospect, in Mississippi Canyon blocks 391 and 392. The well was drilled in approximately 7,200 feet of water, to a depth of 25,000 feet, and hit 425 feet of net oil pay. The company drilled two sidetrack wells to appraise the discovery and reported net oil pay at those two wells also. Marvin Romanow, the CEO of Nexen Inc., said, “The Appomattox discovery confirms our confidence in the play and provides a strong basis to evaluate the remainder of our significant acreage position…

MondayMar 22, 2010 7:20 am

Eastern Environment Solutions Corp. (EESC.OB) Posts Q4 Results, Highlights 2009 Achievements

Eastern Environment Solutions Corp., a leading provider of municipal solid waste services in China, Friday posted its financial results for the fourth quarter of 2009 and gave an update on business achievements and progress. EESC reported revenue for the fourth quarter ended December 31, 2009, at $538,748, compared to $451,875 for the fourth quarter ended December 31, 2008; gross profit for the fourth quarter was $442,854 for the three months ended December 31, 2009, compared to $356,014 for the three months ended December 31, 2008; net income for the three months ended December 31, 2009, was $229,006, or $0.02 per…

FridayMar 19, 2010 3:46 pm

New Market Technology, Inc. (NWMT.PK) Announces Greenfield Partnership Program Webcast Date

New Market Technology, Inc. is headquartered in Dallas, TX and provides various Voice Over Internet Protocol (VOIP) technologies to customers both in the United States and internationally. Their primary focus is on domestic and international telephony, software licensing, technical consulting and system integrations. Some of the services provided by New Market Technology include voice mail services, pre-paid long distance calling cards, e-commerce communications services, broadband wireless services and corporate long-distance, fax and data services. New Market Technology has established many partnerships over the years including the likes of Microsoft, Dell, HP, IBM and Oracle, to name a few. The Company…

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