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MondayMar 15, 2010 10:36 am

AlumiFuel Power Corp. (AFPW.OB) Announces Hydrogen Generator for Unmanned Underwater Vehicle Applications

AlumiFuel Power Corporation’s wholly-owned subsidiary, AlumiFuel Power, Inc. (API), is a Philadelphia, Pennsylvania-based alternative energy company targeting commercial and defense sectors. The Company announced today the initiation of work on a new hydrogen generator for use in Navy Unmanned Underwater Vehicles (UUVs) and other submersible craft. The hydrogen generator will power a fuel cell, and is being designed in conjunction with a superheated steam generator prototype API is currently working on for similar applications with major defense prime contractors that is based on the Company’s proven PBIS-1000 generator. Designed in a similar fashion to the prototype steam generator, the hydrogen…

MondayMar 15, 2010 10:30 am

Dana Resources (DANR.OB) to Acquire Promising Peruvian Mine

Dana Resources, with offices in the US and Peru, is a metals exploration company with extensive local knowledge capitalizing on a lucrative Peruvian portfolio of holdings that revealed today details regarding ongoing due diligence pertaining to the Chota Silver Mine in Peru’s thriving Alto Chicama mining district. The Company seeks to acquire 100% ownership of the mine for $425k in cash and shares, and has entered into a letter of intent (LOI) to that effect. The Alto Chicama district is host to several of the world’s top yielding mines, with the Barrick Gold Corp's Lagunas Norte (8.9M ounces in reserves)…

MondayMar 15, 2010 10:25 am

Ant’s Software Inc. (ANTS.OB) to Receive $10 Million Investment from Fletcher

One company that is starting to make a climb within the Technology Sector is ANT’s Software. Located in San Diego, California, ANT’s has earned a reputation as a company that has helped their customers drive down IT operating costs by consolidating hardware and software infrastructure and eliminating cost inefficiencies. Today, ANT’s took a major step towards enhancing their future with the announcement that Fletcher International Ltd. has agreed to purchase up to $10 million of ANT’s common stock at various prices. Fletcher International Ltd. is an affiliate of Fletcher Asset Management which is an SEC-Registered Investment Advisor. Fletcher is unique…

MondayMar 15, 2010 10:19 am

XO Holdings Inc. (XOHO.OB) Subsidiary Extends International Reach with Customer Referral Program

XO Communications, a subsidiary of XO Holdings Inc., is a nationwide provider of advanced communications services and solutions. The company’s customers include more than half of the Fortune 500. To bolster its international reach, the company today launched its International Customer Referral Program. The program facilitates overseas telecommunications companies contracting with XO, providing carrier customers with access to the full line of XO Carrier Services products and services in the U.S. "XO is aggressively seeking to expand its presence in Asia, Europe and South and Central America," Ernie Ortega, president of XO Carrier Services stated in the press release. "Our…

MondayMar 15, 2010 9:38 am

GMX Resources Inc. (GMXR) Announces 2010 Capital Program

GMX Resources Inc. announced a capital program of $175 million for 2010. The company will use the capital to drill 22 horizontal wells into the Haynesville Shale, Bossier Shale and Cotton Valley Sand in East Texas. GMX Resources Inc. also provided production guidance of 17.5 billion cubic feet equivalent for 2010, a 30% increase over 2009 levels. GMX Resources Inc. announced the completion results of two horizontal wells drilled recently into the Haynesville Shale. The company said that the Mia Austin #1H well had an initial production rate of 14.1 million cubic feet equivalent per day during a 24-hour test,…

MondayMar 15, 2010 9:36 am

National Western Life Insurance Company (NWLI) Reports Higher Net Income for 2009

National Western Life Insurance Company reported net income of $12.7 million, or $3.59 per diluted share, for the fourth quarter of 2009. This was slightly above the $10.9 million, or $3.06 per diluted share, reported in the same quarter in 2008. National Western Life Insurance Company also reported higher earnings for the year ending 12/31/2009. The company earned $45.5 million, or $12.87 per diluted share, in 2009, compared to $33.6 million, or $9.48 per diluted share, in 2008. The increase in net income for 2009 was led by significantly lower losses in the company’s investment portfolio in 2009 compared to…

MondayMar 15, 2010 9:36 am

China Clean Energy, Inc. (CCGY.OB) Secures Credit to Support Increased Capacity Utilization of its Jiangyin Plant

China Clean Energy, Inc., a company engaged in the development, manufacturing, and distribution of biodiesel and specialty chemical products made from renewable resources, recently announced that its wholly owned subsidiary, Fujian Zhongde Energy Co., Ltd., has secured a line of credit for up to RMB 33 million (equivalent to approximately US $4.8 million). China Clean Energy expects to use the expanded credit line to support the ramp-up of its new Jiangyin Plant, which has the capacity to produce a total output of 70,000 tons of biodiesel and specialty chemicals per year. Completed in October of 2009, management expects the Jiangyin…

MondayMar 15, 2010 9:30 am

MWW Automotive Group (MWWC.OB) Generates Strong Revenues in its Fiscal First Quarter

MWW Automotive Group delivers its accessory products, design and painting services to select global automobile manufacturers. The company provides substantial added value to the sale of vehicles for leading automobile manufacturers such as Ford, Volkswagen, BMW, Hyundai, Kia and Toyota. MWW Automotive today announced figures for its fiscal first quarter ended December 31, 2009. The company reported that it generated $1,508,276 in revenues for its fiscal first quarter. This is an increase of $112,116 as compared to the same quarter from a year ago. MWW Automotive also increased its gross profit for the fiscal first quarter by 12.6 percent versus…

MondayMar 15, 2010 8:45 am

Newport Digital Technologies, Inc. (NPDT.OB) Appoints Former Minister of the Ministry of Economic Affairs of Taiwan to the Advisory Board

Newport Digital Technologies, Inc. announced this morning that Steve Ruey-Long Chen, the former Minister of the Ministry of Economic Affairs of Taiwan (MOEA) and former Board Chairman of the Institute for Information Industry (III), has joined its Advisory Board. Providing invaluable insight and guidance, Mr. Chen will help guide NPDT as it continues to implement its business strategies and brings innovative technology driven solutions to market, including RFID, WiMax, Wireless Digital Signage, Security and VoIP products and services. Many of these solutions have been successfully developed and implemented in Taiwan through NPDT's technology partners, the Industrial Technology Research Institute (ITRI)…

MondayMar 15, 2010 8:38 am

eDoorways Corp. (EDWY.PK) Announces Tremendous Success at SXSW’s Interactive Festival

eDoorways Corporation announced this morning that it has had incredible success thus far at the South By Southwest (SXSW) Interactive Festival. With a well designed booth, situated on prime convention floor real estate and next to one of the biggest names in web-technology, eDoorways has impressed not only convention attendees but neighboring presenters as well. Showcasing a live demonstration of the eDoorways iPhone® App, along with the heAR Augmented Reality App launched this past weekend by eSee Technologies, eDoorways has increased its user base by signing an estimated 70% of those attendees visiting its booth. Mr. Gary Kimmons, Chairman &…

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