Blog - Page 3820 of 5657

FridayApr 30, 2010 7:35 am

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Announces Completion of Non-Brokered Private Placement Yielding Gross Proceeds of $10 Million

SOKO Fitness & Spa Group, Inc. announced yesterday the completion of a non-brokered private placement of 3,125,000 shares of common stock at a purchase price of $3.20 per share. This yielded gross proceeds of $10 million to SOKO. They made the offering to select institutional and accredited investors. These included two affiliates of IDG Capital Partners and existing investor Guerilla Capital and their affiliates. IDG Capital Partners is a China-focused investment firm. They have a strong record of accomplishment of providing capital for Chinese growth companies. Guerilla Capital Management and their affiliates are active China investors. There was no issuing…

ThursdayApr 29, 2010 2:57 pm

North State Bancorp (NSBC) Reports Lower Net Income and Decline in Asset Quality

North State Bancorp reported net income of $514,000, or $0.07 per diluted share, in the first quarter of 2010. The bank earned $833,000, or $0.11 per diluted share, in the first quarter of 2009. North State Bancorp attributed the decline in earnings to an increase in the loan loss provision, higher premiums from the Federal Deposit Insurance Corporation (FDIC) for the bank insurance fund and higher expenses due to foreclosed real estate. Larry D. Barbour, the CEO of North State Bancorp, said, “We are pleased to report positive earnings in a difficult economy, one that has as much uncertainty as…

ThursdayApr 29, 2010 2:54 pm

AeroCentury Corp. (ACY) Gets New Credit Facility

AeroCentury Corp. announced the signing of a $75 million credit facility with a consortium of banks led by Union Bank, N.A. The credit facility can be increased to $110 million and expires on 4/21/2010. AeroCentury Corp. said that the company drew down part of the new facility to pay down the previous credit facility that was due to expire on 4/30/2010. Neal Crispin, the President of AeroCentury Corp., said, “Given that conditions in the global capital markets are still extremely challenging, we believe it is a significant accomplishment to have closed this new facility. We are pleased to have Union…

ThursdayApr 29, 2010 1:10 pm

China Wi-Max Communications, Inc. (CHWM.OB) and Dragon Telecom International Agree to Contract Terms

China Wi-Max Communications, Inc. announced today that they have agreed to a wholesale carrier agreement with Dragon Telecom International, Ltd. of Hong Kong. The agreement gives CHWM access to 2.5 Gbps which can be expanded to 10Gbps and 100Gbps via dual fiber connection between Hong Kong and mainland China in the future. China Wi-Max has been aggressively pursuing agreements to grow their ever-expanding fiber and wireless connections business in China and surrounding countries. Through expansion, companies in China, and outside of China, will be able to easily provide Private Line Services via International Carrier Meet Me Centers in Hong Kong…

ThursdayApr 29, 2010 1:03 pm

Provectus Pharmaceuticals, Inc. (PVCT.OB) Moving Forward with Licensure of PV-10 for Metastatic Melanoma, Successfully Concludes End-of-Phase 2 FDA Meeting

Provectus Pharmaceuticals, Inc., a development-stage biopharma specialist creating innovative new therapies for the oncology (focused on melanoma) and dermatology markets, whose leading oncology agent, PV-10, is engineered to precisely target cancer cells without harming surrounding tissues while delimiting negative side effects, announced the holding of an end-of-Phase 2 meeting with the FDA regarding licensure endpoints and the potential clinical program scope of the Company’s metastatic melanoma formulation PV-10. Held at White Oak Campus, the FDA’s site in Silver Spring, MD, with the essential goal of creating consensus relevant to extant clinical data as to how to proceed, the meeting offered…

ThursdayApr 29, 2010 12:59 pm

Cosi, Inc. (COSI) Sells 13 D.C. Restaurants to Franchisee

Cosi, Inc. recently announced the sale of 13 restaurants to Capitol C Restaurants LLC for $8.4M. The restaurants, located in the Washington D. C. market, will function under a franchise operation agreement signed by both parties, and Capitol C has also begun a development agreement for the opening of an additional 6 restaurants in the D.C. market. Cosi operates a leading nationwide chain of premium convenience restaurants specializing in select foods based on a secret recipe for deliciously shattering-crust flatbread handed down through the generations. This artisan bread is baked in front of customers in prominently located stone hearth ovens,…

ThursdayApr 29, 2010 12:07 pm

HST Global, Inc. (HSTC.OB) Announces Formalization of Protocol Licensing for International Partnerships

HST Global Inc. is an integrated biotechnology health and wellness company that is developing and/or acquiring a network of wellness centers worldwide. The wellness centers will be primarily focused on the immunotherapy and alternative treatment of late stage cancer. The company today announced that it has finalized the formal licensing model that will be used by its international partners in the development of its clinical treatment facilities worldwide. As previously announced, HST Global has partnered with Health Matters International (HMI), a Canadian company that has vast international knowledge in the healthcare industry. Through this association, HMI identified Panama and Costa…

ThursdayApr 29, 2010 11:04 am

Shrink Nanotechnologies, Inc. (INKN.OB) Launches NanoShrink Technology for Biological, Biomechanical and Alternative Energy Industries

Shrink Nanotechnologies Inc., a provider of materials, technology and manufacturing solutions, today announced the launch of its proprietary advanced shrinkable plastic material, to be branded under NanoShrink™. The company owns exclusive licensing rights to several patent-pending technologies based on its proprietary manufacturing process, which will all be based, designed and deployed on its NanoShrink material. As the name suggests, NanoShrink material naturally "shrinks" during heating, enabling complex structures to be designed at a macro-level, and then to be reduced with the same integrity and stability on a micro- or nano-scale for use in a broad range of industries. "NanoShrink has…

ThursdayApr 29, 2010 11:00 am

Commerce National Bank (CNBF.OB) Posts Q1 Results

Community business bank Commerce National Bank today posted its financial results for the first quarter ended March 31, 2010. The bank reported a net profit of $9,000, or $0.00 per diluted share, compared to a net loss of $152,000, or ($0.06) per diluted share, for the quarter ended March 31, 2009. Like many other banking executives commenting on quarterly results, president and CEO Mark E. Simmons said overall financial worries affected the bank, though commercial loans and business deposits remain solid. "While the current economic conditions are still depressed from normal levels, our bank is experiencing some growth in commercial…

ThursdayApr 29, 2010 9:59 am

Vision Industries Corp.’s (VIIC.OB) Tyrano and ZETT Break New Ground

One company that is on the rise is the Vision Industries Corporation. Located in Los Angeles, California, Vision is a developer of zero emission electric/hybrid powered vehicles and turnkey hydrogen fueling systems. Today, Vision took a major step towards enhancing their future with the announcement that two of their products have obtained a U.S. Department of Energy Listing. Vision’s Tyrano is a zero emission Class 8 electric hybrid 80,000 lb GVWR truck that is designed for local and regional drayage. The Tyrano has broken new ground because it is the world’s first street legal, zero emission, electric/hydrogen truck. Along with…

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