Blog - Page 3817 of 5705

MondayJun 14, 2010 12:31 pm

NTT Data and Intelligroup Inc. (ITIG.OB) Enter Into Merger Agreement

Intelligroup Inc. is an enterprise applications system integrator providing consulting, implementation, testing, management and other IT services primarily related to SAP, Oracle and Microsoft applications for global corporations. The company announced today that it has entered into a definite merger agreement with NTT Data, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone (NYSE: NTT). NTT Data intends to acquire Intelligroup through an $199 million all-cash tender offer. The offer to buy the outstanding shares of Intelligroup is for $4.65 per share, which represents a 21.1% premium to the company's average closing price over the last three-month period ended…

MondayJun 14, 2010 12:31 pm

National Technical Systems, Inc. (NTSC) Reports Strong Improvement in First Quarter Sales and Net Income

National Technical Systems, Inc. reported net income of $3.5 million, or $0.35 per diluted share, in the first quarter of fiscal 2011, which ended 4/30/2010. This was a strong improvement over the net income of $0.54 million, or $0.06 per diluted share, that the company earned in the corresponding quarter last year. National Technical Systems, Inc. said that the net income for the first quarter of fiscal 2011 contained a net gain of $1.8 million from the sale of property that the company owned in Virginia. The company earned $1.7 million, or $0.17 per diluted share, excluding this onetime gain.…

MondayJun 14, 2010 12:21 pm

Geokinetics Inc. (GOK) Wins $80 Million in New Contracts, Sees Possibility of More to Come

As can be readily seen with the ongoing BP capping process, there are several aspects of the oil and gas exploration marketplace that are fairly specific. There are just a few companies working in these specialty fields and even fewer that have the reputation required to win a sizable portion of outstanding contracts. For the investor that can find one of these specialty companies, there is profit to be made. Each of the companies is subject to the same whims of the marketplace that any company must deal with, but since competition is somewhat less, profit will flow. Geokinetics Inc.,…

MondayJun 14, 2010 12:15 pm

Stellar Resources Ltd. (SRRL) Completes Acquisition of Two Oil And Gas Companies

Stellar Resources Ltd. has completed its agreement to purchase two private oil and gas companies with acreage and leases in the Rocky Mountain area. Stellar Resources Ltd. believes that the acreage has hydrocarbons that are economically recoverable. Stellar Resources Ltd. purchased the Elk Hills Heavy Oil, LLC and the Four Bear Heavy Oil, LLC from Ray Jefferd and Glen Landry. The assets of the Elk Hills Heavy Oil, LLC include 20,000 acres of oil and gas leases in Carbon County, Montana. The assets of The Four Bear Heavy Oil, LLC include 6,400 acres of oil and gas leases in Park…

MondayJun 14, 2010 12:09 pm

Ceragon Networks Ltd. (CRNT) to Get $9 Million from Digitel Mobile Philippines for 2G/3G Expansion

Ceragon Networks announced today that it will get $9 million from Digitel Mobile Philippines for mobile backhaul network equipment as part of an ongoing expansion of Digitel’s 2G/3G cellular services. Digitel, operating under the brand name of Sun Cellular, is the fastest growing mobile telecommunications provider in the Republic of the Philippines, the world’s 12th most populous nation with over 92 million people. Ceragon’s wireless backhaul systems use microwave technology to transfer large amounts of telecommunication traffic between base stations and the core of the service provider’s network. Digitel has provided many follow-on orders to Ceragon, a longtime supplier of…

MondayJun 14, 2010 9:36 am

Carbon Green Inc. (CGNI.OB) Announces Ontario, Canada as Location for Their First Large Scale Plant

Carbon Green Inc. announced that they have identified Southern Ontario, Canada as the focus for phase one of the North American rollout of their full-scale tire recycling plants. The Company made the announcement while attending this past weekend's Formula 1 Canadian Grand Prix in Montreal, Quebec. Mr. John Novak, President and CEO of Carbon Green Inc. stated, "We are thrilled to be in Montreal with our partner Virgin Racing, to witness the return of Formula 1 to Canada and Virgin's inaugural race on Canadian soil. We have identified Canada as a world leader with very high standards of environmental practices…

MondayJun 14, 2010 9:23 am

Ecosphere Technologies, Inc. (ESPH.OB) to Raise BP Oil to Surface with filing of Patent

One company that is on the radar of both investors and environmentalists is Ecosphere Technologies. Located in Stuart, Florida, Ecosphere is a diversified water engineering and environmental services company that provides services and state-of-the-art technologies that are utilized in large-scale and sustainable applications across nations, industries and ecosystems. Today, Ecosphere took a major step towards enhancing their future by filing a patent that will help BP and other energy exploration companies recover oil during a deepwater spill. The file is based on Ecosphere patented Ozonix technology which has been allowing for a better environment in a short period of time.…

MondayJun 14, 2010 9:12 am

Sodexo (SDXAY.PK) and Procter & Gamble Partnership Recognized at EuroFM Awards

This past Friday, Sodexo and Procter & Gamble (NYSE: PG), took home the prestigious EuroFM Awards in the “Partners Across Borders” category. The award honors excellence in facilities management services across Europe. Since 2004, Sodexo and P&G have worked together to improve plant management within several European manufacturing sites. Recognizing the success of that venture, the partnership has been extended to North and South America and Asia, totaling around 50 sites. In choosing a winner, the EuroFM selection committee judged on the basis of the partnership between a corporate client and service provider, the achievement of the partnership towards agreed…

MondayJun 14, 2010 9:10 am

Royal Style Design, Inc. (RYSD.OB) Announces Completion of Xerxis Consulting, LLC Acquisition

Royal Style Design, Inc., an international holdings company with innovative divisions and assets in Russia, Germany and the United States, recently announced the successful completion of its acquisition of Xerxis Consulting LLC, a full-service human resources company. This acquisition will position Royal Style Design with a broader portfolio, an enhanced customer base, and a greater ability to compete in the global marketplace. Xerxis Consulting LLC, formerly known as Rademacher Consultancy GmbH, operates as a skilled labor, temporary employment agency and has a database of over 1,000 skilled workers. In addition, the company has a solid history of delivering high-quality, contractual…

MondayJun 14, 2010 9:07 am

Cascade Technologies, Inc. (CSDT.OB) Subsidiary Briefs Investors Regarding Development of Advanced Devices for Cancer Detection and Other Applications

Friday, Spectral Molecular Imaging (SMI), a wholly-owned subsidiary of Cascade Technologies, Inc., announced the availability of a new Investor Information Brief outlining the company’s proprietary technology and its strategy to develop a line of optical imaging devices for earlier detection of cancer and other major disease. The subsidiary is applying proprietary high-resolution optical imaging technology to develop an assortment of imaging devices designed for the purpose of detecting major disease and assessing the health of tissues during and after surgery. The technology was originally developed for use in satellite reconnaissance. The Company’s hyperspectral imaging technology is designed to enable the…

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