Blog - Page 3797 of 5675

FridayJun 04, 2010 12:18 pm

Savoy Energy Corp. (SNVP.OB) Moves to Acquire Proven Oil Field

Savoy Energy Corp., www.savoyenergycorporation.com – the US-based oil and gas developer, with extensive expertise in work-over and recompletion, announced entry yesterday into a letter of intent with a privately owned firm to acquire an 80% Net Revenue Interest in a producing field on a 500-acre site. The site has 34 well bores, seven of which are in production, the remainder are believed to be serviceable by the Company and would subsequently be put back into production. With a 60-70 BOPD production capacity streaming from three of the five known formations and all prior analytical data indicating that the field has…

FridayJun 04, 2010 11:00 am

WordLogic Corp. (WLGC.OB) Unveils New Product Launch with US Television and Online Retail Ad Campaign

One company that has started to earn national attention is the WordLogic Corporation. Located in Vancouver, British Columbia, WordLogic is a developer of patent-protected text software widely used in Internet-based search applications. Today, WordLogic announced its first advertising campaign promoting direct retail sales of the company’s product to the American public. This announcement was reported by WordLogic CEO Frank Evanshen and will represent the first leg of the company’s broadcast ad campaign. WordLogic intends to spread its wings to multiple broadcast outlets this summer. WordLogic's ad agency, Advidea Inc. is producing the US consumer broadcast campaign, which debuts its first…

FridayJun 04, 2010 10:16 am

SonicWALL, Inc. (SNWL) Agrees to Acquisition by Investor Group

SonicWALL Inc., a leading provider of IT security as well as data backup and recovery solutions, announced that it has agreed to be acquired by an investor group led by Thoma Bravo, LLC. The acquisition, valued at $717 million, was unanimously approved by the SonicWALL Board of Directors, who are recommending shareholder approval. Under the agreement, SonicWALL shareholders will receive $11.50 cash for each share of SonicWALL common stock they hold, representing a premium of approximately 28% over the most recent closing price prior to the announcement. The investor group includes the Ontario Teachers’ Pension Plan through its private investor…

FridayJun 04, 2010 9:48 am

Comtex News Network Inc. (CMTX.OB) Shareholders Approve Plans Related to Reverse Stock Split, Fractional Share Purchase

Comtex News Network Inc. provides real-time financial and economic news via CustomWires and Comtex SmarTrends Alerts. The company also provides investors several proprietary products including a daily stock market letter (Morning Call) and selected stock news (SmarTrend Spotlights). The company announced yesterday that its stockholders approved proposals which will result in a 1-for-1,000 reverse stock split of the company's common stock and the cash-out of stockholders holding fewer than 1,000 shares. Comtex also announced that there are fewer than 200 stockholders of record, and as anticipated, the company will de-register its common stock with the SEC effective June 4, 2010,…

FridayJun 04, 2010 8:54 am

Spare Backup (SPBU.OB) Recognized on Cloud Computing Journal’s “Top 250 Players” List

Yesterday, Spare Backup announced that it has been recognized as a global leader in online backup applications for home users and small businesses. The recognition comes in the form of being selected to join the Cloud Computing Journal’s 'Top 250 Players in the Cloud Computing Ecosystem'. Consideration is widely independent and objective; thus, companies are considered on a merit-only basis. The list does not favor conference attendees of any particular event. Cloud Computing Journal chose to include Spare Backup in its roll-call for the outstanding work it has achieved as a US-based provider of automated online backup applications. The roll-call…

FridayJun 04, 2010 8:42 am

Helix Wind Corp. (HLXW.OB) Video Chart for Friday, June 4, 2010

We were asked to take a look at HLXW after it made a strong move yesterday. The video explains key resistance points for a move upward and what to look for if the move doesn’t happen today. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=411 Let us hear your thoughts below:

FridayJun 04, 2010 8:11 am

Iconix Brand Group, Inc. (ICON) Closes on Purchase of Licensing Company

Iconix Brand Group, Inc. announced that it has closed on its purchase of United Media Licensing from the E.W. Scripps Company (SSP). Iconix Brand Group, Inc. paid $175 million subject to a working capital adjustment. United Media Licensing, which was a division of United Feature Syndicate, Inc., owned the license rights to the Peanuts brand of characters created by Charles M. Schulz, including Charlie Brown, Snoopy and other characters associated with the comic strip. The Peanuts character brand is one of the most recognizable in the world, with 1200 current license agreements generating annual retail sales of $2 billion. Iconix…

FridayJun 04, 2010 8:04 am

InnSuites Hospitality Trust (IHT) Reports Net Income for First Quarter of Fiscal 2011

InnSuites Hospitality Trust reported net income attributable to controlling interest of $97,000, or $0.01 per diluted share, in the first fiscal quarter of 2011, which ended 4/30/2010. The company earned net income of $532,000, or $0.04 per diluted share, in the corresponding quarter of fiscal 2010. InnSuites Hospitality Trust reported that revenues in the first quarter of fiscal 2011 fell on a year over year basis, from $5.5 million in the first quarter of fiscal 2010 to $4.9 million in the quarter that just ended. The management of InnSuites Hospitality Trust cited the current economic environment for the decline in…

FridayJun 04, 2010 8:03 am

Angela L. Rivers Returns to Premier Service Bank (PSBK.OB)

Kerry L. Pendergast, President and Chief Executive Officer of Premier Service Bank, announced late yesterday that Angela L. Rivers has returned to the Bank as Executive Vice President and Chief Credit Officer. "We are very pleased to have Ms. Rivers return to her position at Premier Service Bank," said Kerry L. Pendergast. "She is familiar with our loan portfolio and our loan officers, and understands our lending practices and procedures, many of which she established during her prior tenure with the Bank. We are pleased that she has returned to our executive management team and look forward to her participation…

FridayJun 04, 2010 8:01 am

British Petroleum Cuts Pipe with Giant Shears, Plans to Lower Cap over Gulf Oil Gusher

British Petroleum, a strategic performance unit of the BP Group (NYSE: BP) and one of the world’s largest tanker operators, recently announced its newest strategy to contain the oil spill in the Gulf of Mexico. In an effort to contain the current oil spill, British Petroleum (BP) slashed a pipe with giant shears earlier this week in an effort to curtail the worst spill in U.S. history; however, the cut was jagged and placing a cap over the gusher will now be more challenging than originally anticipated. It cannot be determined how much oil BP can siphon to a tanker…

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