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MondayNov 16, 2009 2:19 pm

Wonder Auto Technology, Inc. (WATG) Receives Proceeds from Equity Offering

Wonder Auto Technology, Inc. closed on its recent offering of common stock and received $59.2 million in net proceeds. The company sold 6 million common shares at a price of $10.75, and may receive more proceeds if the underwriters exercise the overallotment option. The company plans on using the funds for general corporate purposes. Wonder Auto Technology, Inc. also recently purchased Friend Birch Limited for $12 million. Friend Birch Limited is an automotive parts supplier that specializes in rods and shafts technology, and produces automotive mechanical springs and gas springs. Wonder Auto Technology, Inc. is based in China and manufactures…

MondayNov 16, 2009 1:50 pm

Clenergen Corp. (CRGE.OB) Uses Tree Adaptation Process to Increase Yields on Biomass Feedstocks

Clenergen Corp. is one of the first companies to incorporate the efficiency gained from the direct cultivation of feedstock as a source of biomass for gasification processes and the generation of renewable electricity. Electric power generated from such power plants will then be sold by the company to local municipalities and industries, particularly in areas of the globe that have a poor energy infrastructure. One source of biomass that Clenergen will grow on their own plantations is bamboo. The company has identified a high calorific, high-density strain of micro-propagated bamboo that is capable of producing upwards of 45 tons per…

MondayNov 16, 2009 1:45 pm

Axion Power International, Inc. (AXPW.OB) Reports 2009 Third Quarter, Nine-Month Results

Axion Power International Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. The company's new PbCA batteries won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. The company today reported results for its third quarter and nine months ended September 30, 2009. Sales for the third quarter were $962,833 versus only $149,441 in the 3rd quarter last year, while sales for the first nine months of 2009 were $1.6 million versus only $541,298 for the first nine months of 2009. Axion did show a loss for the first…

MondayNov 16, 2009 11:21 am

Devon Energy Corp. (DVN) to Liquidate Undervalued Assets, Emphasize Onshore Infrastructure

Devon Energy Corp. revealed details of its strategy to monetize all outstanding Gulf of Mexico and international assets today, Monday, Nov. 16. Following this divestiture, DVN – an Oklahoma based energy company engaged in oil and gas exploration, will channel the capital generated into its U.S. and Canada onshore infrastructure. DVN will elaborate further on its bold new strategy to effectively trim its cost structure and sculpt its balance sheet in a conference call webcast on the DVN corporate site at 9 a.m. CST (10 EST). On the agenda for this conference call will be the 2010 outlook and capital…

MondayNov 16, 2009 11:16 am

Consorteum Holdings, Inc. (CSRH.OB) Sees Itself as Best Solutions Financial Provider

Consorteum Holdings Inc., a financial transaction solution provider, clearly believes it has the right people, with the right skills, along with more flexible access to the best technologies. In addition, it has extensive relationships within the payments and transaction industry. For all these reasons, the company sees itself as offering customers the best possible solutions when it comes to financial transaction processing. Consorteum likes to identify new business opportunities, along with the supporting technologies, to help their clients always be on the leading edge. Their goal is to assist clients in: • Entering new markets • Increasing revenues in existing…

MondayNov 16, 2009 10:57 am

Neah Power Systems, Inc. (NPWZ.OB) Displays Multi Fuel / Oxidant Capability of the Neah Cell

Neah Power Systems, Inc. today described its unique ability to utilize multiple fuel solutions to power methanol-powered fuel cells. The company’s porous silicon design allows for the use of a variety of oxidants and fuels, including oxygen, hydrogen peroxide, and nitric acid, while the anode loop has been run with several concentrations of methanol and formic acid for its fuel. Danny Wilks, Research Scientist, Neah Power Systems, explained, "All electrochemical cells have two fundamental parts: an anode and a cathode. These electrodes act in much the same way as terminals in a battery. The anode catalyzes a fuel source such…

MondayNov 16, 2009 10:07 am

Cardo Medical, Inc. (CDOM.OB) Closes $6.2 Million from Private Placement

The Beverly Hills Corporation Cardo Medical, Inc. has been gaining a reputation on Wall Street and in the medical field alike. As a leader in the development of reconstructive orthopedic and spinal surgery products, Cardo has a robust and innovative product pipeline. Today, Cardo announced that it has completed the previously disclosed private placement transaction, successfully raising $6.2 million. With an array of products on display in the medical field through Cardo, the corporation intends to use this capital for the integration of recent acquisitions and the release of its total knee system which has the potential to evolve into…

MondayNov 16, 2009 9:56 am

General Environmental Management, Inc. (GEVI.OB) Announces Acquisition of Santa Clara Waste Water

General Environmental Management, Inc. announced today before the opening bell that it has completed the acquisition of Santa Clara Waste Water (SCWW), a profitable, 50 year old, full service environmental services company focused primarily on the waste water treatment business. To date, SCWW has treated more than 2 billion gallons of waste water and is recognized as one of the top 100 privately owned non-hazardous waste water utilities in the United States. GEM financed the acquisition through the issuance of six promissory notes in the aggregate principal amount of $9,003,000, along with warrants for the principals of SCWW to purchase…

MondayNov 16, 2009 9:48 am

VIASPACE, Inc.’s (VSPC.OB) Focus on Developing Revenue Streams in Renewable and Alternative Energy Markets

VIASPACE Inc. is a clean energy company focused on products and technology that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. The company is developing revenue streams in targeted segments of the renewable and alternative energy markets through two of its subsidiaries – in the renewable space, VIASPACE Green Energy and in the alternative energy space – Direct Methanol Fuel Cell Corporation. For the renewable energy markets, the company's subsidiary – VIASPACE Green Energy – is cultivating Giant King Grass, a proprietary, fast-growing perennial grass. This grass will be used for the production of non-food, low…

MondayNov 16, 2009 8:56 am

Muscle Flex, Inc. (MFLI.PK) to Hold an Investor Conference Call this Week with Muscle Flex CEO Danny Alex

Muscle Flex Inc. announced today that it will be holding an investor conference call on Thursday November 19, 2009 at 3:00 PM PST with Muscle Flex CEO, Danny Alex. The conference call number will be provided to interested participants on the morning of Thursday November 19. During the call, Muscle Flex CEO, Danny Alex, will provide details on the macro strategy of the company, the BUDDY and the Beagle commercial releases, his appearance on the American Music Awards online pre-show, internet / online strategies, additional products in development, the short and long term macro corporate vision as well as a…

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