Blog - Page 3818 of 5701

WednesdayJun 09, 2010 8:34 pm

ITEX Corp. (ITEX) Reports Growth in Net Income in Third Fiscal Quarter

ITEX Corp. reported net income of $269,000, or $0.08 per share, in the third quarter of fiscal 2010, which ended 4/30/2010. The company reported net income of $224,000, or $0.06 per share, in the same fiscal quarter of last year. ITEX Corporation also reported year over year growth in sales in the third quarter of fiscal 2010. The company reported sales of $4.1 million in the quarter ending 4/30/2010, compared to $3.9 million in the corresponding quarter in fiscal 2009. Steven White, the CEO of ITEX Corporation, said, “We executed quite well in the third quarter and I'm pleased to…

WednesdayJun 09, 2010 8:32 pm

IBERIABANK Corp. (IBKC) Defends Loan Portfolio

IBERIABANK Corp. released a statement detailing its loan exposure to industries in its service area that have been impacted by the explosion of the Deepwater Horizon drilling rig and subsequent oil spill. The oil spill has led to the closure of fishing grounds in the Gulf of Mexico, which impacts the fishing and seafood industries. IBERIABANK Corporation said that the bank had only $10,000 of net loans outstanding as of 5/31/2010 to these industries. The oil spill has also led to reluctance by tourists to visit vacation areas on the Gulf Coast, which impacts the seasonal tourist industry. IBERIABANK Corporation…

WednesdayJun 09, 2010 8:30 pm

Gazoo Energy Group (GAZU.OB) Unveils New Energy-Efficient Model Home in Palm Springs, California

Gazoo Energy Group, a publicly traded corporation focused on aggregating green energy companies and products, ranging in scope from energy saving devices to wind energy products, recently announced that the company has launched its new energy-savings model home in Palm Springs, California. Located at 2489 Tuscany Heights Drive, Lot 1, the new 3,900-square foot home features some of the most advanced eco-friendly technologies and a number of green energy and water efficient products. Gazoo Energy Group participates in California’s Property Assessed Clean Energy (PACE) Program and serves as the program’s only energy audit corporation. Gazoo Energy Group specializes in green…

WednesdayJun 09, 2010 1:16 pm

Unigene Laboratories, Inc. (UGNE.OB) Appoints Ashleigh Palmer to CEO Position

Unigene Laboratories, Inc. (UGNE) www.unigene.com – a leading biopharma developer focused on novel oral and nasal delivery systems for large-market peptide drugs, with specific emphasis on the huge and quickly growing osteoporosis market – announced today the appointment of Ashleigh Palmer to President and CEO of the Company. Palmer, who will be taking over for Dr. Warren Levy, was also appointed to the Board of Directors, a dual role which will allow him to bring his vast expertise in health care industry field operations, and his proven track record of nurturing R&D/commercial capacities, into play. Chairman of the Board at…

WednesdayJun 09, 2010 12:57 pm

Belltower Entertainment (BTOW.OB) to Enter Joint Venture with Three-Thirteen Productions Inc.

One company that is starting to earn respect on Wall Street is Belltower Entertainment. Based in Los Angeles with a satellite office in Shanghai, China, Belltower is a fully integrated film entertainment company that is complemented by strategic production and finance partners throughout the world. Today, Belltower took a major step towards enhancing its future with the announcement they have entered into a joint venture with Three-Thirteen Productions. The joint venture will allow Belltower to finalize plans to build a film production studio in the Greater Orlando (Florida) area that will serve as a venue for the production of commercials…

WednesdayJun 09, 2010 12:55 pm

Deltron, Inc. (DTRO.OB) Equipment to Aid in Oil Spill Recovery

Prompted by the oil spill disaster in the Gulf Coast, Deltron, Inc. announced that its wholly owned subsidiary, Blu Vu Deep Oil & Gas Exploration, is developing innovative rebreather equipment to prevent and contain offshore oil spills. The response comes from the company’s recognition of the critical need for solutions to improve inspection, maintenance and repair of deep-water oil and gas rigs like BP’s Deepwater Horizon. Thus far, Deltron’s proprietary closed circuit rebreather systems enable commercial divers to reach greater depths for longer amounts of time, increase productivity while submerged and reduce decompression and recovery time. The solutions allow offshore…

WednesdayJun 09, 2010 12:53 pm

East Coast Diversified Corp. (ECDC.OB) Expands Global Reach to Vietnam through New Channel Partner SplendID

East Coast Diversified Corp., through its recently acquired RFID and GPS operation EarthSearch Communications International Inc., today announced Vietnam-based SplendID Technology JSC as its new channel partner. SplendID is a leading provider of technology solutions in Vietnam, operating in the logistics, manufacturing, transportation, banking, aviation and other industries. The company has ordered its first batch of LogiBoxx RFID/GPS devices to meet its customers’ fleet management needs. LogiBoxx combines GPS and RFID technology to supply logistics managers and operations centers real-time data to track and locate tagged assets, vehicles and personnel. The partnership between SplendID and EarthSearch will fuse the power…

WednesdayJun 09, 2010 12:51 pm

MagneGas Corp. (MNGA.OB) Enters Australian Market with First Fuel Sale

MagneGas Corp. produces metal working fuel and natural gas alternative from liquid waste. The company's patented Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel with lower green house gas emissions than natural gas. The company today announced its official entrance into the Australia market through the first fuel purchase by MagneGas Australasia Pty Ltd., MagneGas’ exclusive distributor for Australia. "With our second international fuel sale, we have established a commercial presence -- through established distributor relationships -- in two prime markets in just three months," MagneGas President Richard Connelly stated in the press release. "We are…

WednesdayJun 09, 2010 12:50 pm

Qiao Xing Universal Resources, Inc.’s (XING) Chairman Resumes His Share Purchase Plan

Qiao Xing Universal Resources Inc. is an emerging Chinese resources company. It owns the rights to receive the expected residual returns from Chifeng Haozhou Mining Company Ltd., a large copper-molybdenum poly-metallic mining company in Inner Mongolia, China. The company today announced that Ruilin Wu, its chairman and CEO, has resumed the share purchase plan pursuant to which he planned to purchase up to an aggregate of $10 million worth of the outstanding shares of Qiao Xing. The share purchase plan, originally disclosed on September 29, 2008, had been put on hold primarily due to increased market uncertainties resulting from the…

WednesdayJun 09, 2010 9:15 am

Cannabis Science, Inc. (CBIS.OB) Making Marijuana News Again as the End of Prohibition Draws Near

Cannabis Science, Inc., a pioneering U.S. biotech company developing pharmaceutical cannabis products released today a statement along with poll data regarding the legalization of marijuana. Polls taken in California show that 49% of Californians are in favor of legalization with 41% opposed. The Company predicts that recent legal action in Los Angeles County that will effectively close over 400 dispensaries will make the environment more favorable to the advancement of medical science utilizing cannabis. While medical marijuana is a hot button issue in the political realms, medical patients who use it see it as an absolute necessity. Cannabis Science works…

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