Blog - Page 3797 of 5571

TuesdayMar 09, 2010 12:47 pm

Ballard Power Systems (BLDP) Secures Funding to Progress Non-Automotive Fuel Cell Commercialization

Clean energy fuel cell provider Ballard Power Systems recently secured a four-year, $6.2 million project in funding with the U.S. Department of Energy (DOE); Ballard was also selected as a subcontractor to U.S. technology organizations funded by the DOE. Ballard’s subsidiary, Ballard Material Products, received $4.1 million as prime for a contract for modifications in fuel cell durability and cost. Dr. Rod Borup is fuel cell program manager for Institute for Hydrogen and Fuel Cell Research at Los Alamos National Laboratory, one of Ballard’s project partners. Dr. Borup said Ballard’s partnership efforts with the DEO will help to accelerate commercialization…

TuesdayMar 09, 2010 12:44 pm

Helix BioMedix, Inc. (HXBM.OB) Announces $2.9 Million Round of Funding

Helix BioMedix Inc. is a biopharmaceutical company with an extensive library of diverse bioactive peptides and patents covering six distinct classes and hundreds of thousands of peptide sequences. Applications for the company's peptides include anti-aging skin care and blemish control as well as other topical anti-infective pharmaceuticals and wound healing applications. The company today announced additional funding in the amount of $2.9 million through convertible promissory notes. The notes also included warrants to purchase 725,000 shares of the company's common stock at an exercise price equal to $0.80 per share. The notes accrue interest at 8 percent a year and…

TuesdayMar 09, 2010 10:11 am

After Haiti

One of our writers just returned from a two week trip to Haiti led by a missions group. When she returned we asked for an article detailing her experience. If anyone would like more information on how to help or what the Haitians’ needs are, please email Sherri at bedaire@yahoo.com. It’s been said a picture is worth a thousand words – and I disagree; if it were so, I could spend the rest of my life taking pictures in Haiti and still never fully portray the devastation of the January quake and its aftermath. Visiting a third-world country is in…

TuesdayMar 09, 2010 9:08 am

Oil Prices Continue Momentum Nearing $82 per Barrel

Oil prices continued to move higher, moving toward $82 a barrel amid signs the global economy may be improving. Further strengthening the global economic picture, China recently announced plans to extend a stimulus package in hopes of helping the economy increase 8 percent this year. Oil has soared 18 percent since February 5, as investors become more convinced a growing global economy will boost crude demand. In addition, the Labor Department’s February jobs report, released late last week, buoyed investors by showing that the U.S. economy lost a less-than-expected 36,000 jobs last month and the unemployment rate remained unchanged at…

TuesdayMar 09, 2010 8:59 am

Green Planet Group, Inc. (GNPG.OB) Subsidiary Acquires Two Staffing Companies

Green Planet Group, Inc. announced that Lumea, its fully owned subsidiary, has successfully acquired two staffing companies: Staffing Concepts Corporation and Provincia Staffing. The move follows Green Planet’s focus on implementing its staffing industry rollup. The two acquisitions will immediately increase Green Planet Group's consolidated annual revenues by approximately $5 million and will be accretive to earnings. A light industrial staffing company, Staffing Concepts Corporation is located in Florida and will be integrated directly into Lumea's current operations. The company has strong relationships with several industrial and commercial clients, which will become potential customers of the Green Planet’s green, energy…

TuesdayMar 09, 2010 8:57 am

First Citizens BancShares (FCNCA) Purchases Failed Bank in Florida

First Citizens BancShares said that it had entered an agreement with the Federal Deposit Insurance Corp. (FDIC) to purchase Sun American Bank of Boca Raton, Florida. The bank failed on March 5, 2010, and the FDIC was named the receiver of the bank by the regulatory authorities of Florida. Frank B. Holding Jr., the CEO of First Citizens BancShares, said, “South Florida is a great market for our company, especially with our focus on individuals, small to mid-sized businesses and the medical community. This agreement will allow us to extend our presence in Florida and focus on building long-term relationships…

TuesdayMar 09, 2010 8:55 am

Northern Oil and Gas, Inc. (NOG) Reports Strong Profit Growth For 2009

Northern Oil and Gas, Inc. (NOG) reported 2009 net income of $2.8 million, or $0.08 per share. The company earned $2.4 million in 2008. Revenues increased to $15.1 million in 2009, up from $3.5 million in 2008. Northern Oil and Gas, Inc. reported proved reserves of 6.1 million barrels of oil equivalent (BOE) at the end of 2009, using new reserve reporting rules issued by the Securities and Exchange Commission (SEC) for use in 2009. These rules mandated the use of monthly average prices to calculate reserves, which in 2009 were $53.00 per barrel for oil and $3.93 per Mcf…

TuesdayMar 09, 2010 8:35 am

National Automation Services, Inc. (NASV.PK) Eyes OTCBB Listing as SEC Completes Its Review of Form 10 Registration Statement

National Automation Services, Inc. announced that on March 8, 2010, the Securities and Exchange Commission (the "SEC") notified NAS that it has completed its limited review of, and that the SEC has no further comments at this time on, NAS' Form 10 Registration Statement, which became effective on October 6, 2009. FINRA, regulator of the OTC Bulletin Board® (OTCBB), is currently processing the request of a market maker to have NAS' Common Stock quoted on the OTCBB .The completion of the SEC's limited review of the Form 10 is a prerequisite to OTCBB listing of NAS' Common Stock. "I am…

TuesdayMar 09, 2010 8:30 am

WikiLoan, Inc. (WKLI.OB) Announces Progress in Card Program

WikiLoan, Inc., operator of a financial social network, announced yesterday after the closing bell that it anticipates receiving final design and specifications for the first stage product of "Wiki" branded phone cards by early next week. The cards are to be sold through SDI's distribution channel that reaches more than 20,000 retail locations. The approval of the design and specifications will be the first material step taken since the agreement was signed last month. "I'm excited that the process has begun to execute our strategy outlined last month to gain a foothold in this market. The deal to develop and…

MondayMar 08, 2010 12:59 pm

XsunX, Inc. (XSNX.OB) Completes “Significant Milestone” in Product Development Process

XsunX Inc. develops advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. The company recently completed the development of a co-evaporation processing chamber design that integrates several thermal evaporation techniques in one process to produce the Copper Indium Gallium diSelenide (CIGS) solar cell’s absorber layer. Chief Executive Tom Djokovich said the achievement is integral to the company’s efforts and will allow the company to work on commercializing its manufacturing process. "This development is crucial to both the equipment and process technology side of our efforts," Djokovich stated in the press release. "The completion of this chamber converges several operations…

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