Blog - Page 3820 of 5705

ThursdayJun 10, 2010 11:16 am

American Lithium Minerals, Inc. (AMLM.OB) Secures $4M Investment for Nevada Venture

American Lithium Minerals, Inc., www.AmericanLithium.com – the mineral exploration firm developing lithium and boron reserves in Nevada with the intention of becoming a world-class supplier of lithium to the burgeoning lithium-ion (Li-Ion) battery market, announced today that Japan Oil, Gas and Metals National Corporation (JOGMEC) has entered the Company’s Borate Hills Project as a Joint venture Partner, agreeing to invest $4M. Lithium is an essential strategic reserve for developing the US energy sector, and has seen dramatic increase in usage with the advent of more sophisticated Li-Ion technology and the subsequent incorporation of such batteries into just about every portable…

ThursdayJun 10, 2010 11:14 am

Octus, Inc. (OCTI.OB) Finalizes Acquisition of Quantum Energy Solutions

Octus, Inc. announced today that they have completed the acquisition of Quantum Energy Solutions, Inc. This completes the asset purchase agreement which was announced by Octus on May 18, 2010. The purchase agreement stipulates that Octus purchased substantially all of the assets of Quantum for a purchase price subject to certain post-closing adjustments described in the agreement. Octus also has agreed to assume certain liabilities associated with Quantum. Considerations to be paid and liabilities to be assumed by Octus per the agreement include: • 150,000 shares of common stock granted to Quantum • assumption of approximately $108,000 in Quantum accounts…

ThursdayJun 10, 2010 11:08 am

Dynamotive Energy Systems Corp. (DYMTF.OB) and Mitsui Engineering and Shipbuilding Co. LTD Enter into Memorandum to Test BioOil as an Alternative Fuel

Dynamotive Energy Systems Corp. and Mitsui Engineering and Shipbuilding Co. LTD. (MES) announced that they have entered into a Memorandum of Understanding to form a new partnership that will serve as a platform to test, develop and market BioOil for application in Slow and/or Medium Speed Diesels. This partnership will allow both companies to act as a friend to the environment as well as leaving a mark on Wall Street. MES and Dynamotive have teamed up in an effort to respond to the deadly threat of global warming, protecting bio diversity, power generation and access to energy which are global…

ThursdayJun 10, 2010 10:43 am

General Environmental Management, Inc.’s (GEVI.OB) Profitable Move Into Wastewater Treatment

General Environmental Management Inc. has moved from being a hazardous waste business to being primarily a non-hazardous wastewater treatment company. The company disposed of its prior businesses and purchased Southern California Waste Water (SCWW). The acquired company was founded in 1959 by six of the major oil companies and continues to provide service today to industrial waste clients and the oil and gas industry in California. This change in the company's business model led to General Environmental's first quarter, since its inception, with positive net income. Net income came in at nearly $4.48 million. The company recently reported first quarter…

ThursdayJun 10, 2010 10:39 am

Caleco Pharma Corp. (CAEH.OB) Moves Forward with Hepatitis Formulation

Caleco Pharma Corp., focused on the research and development of over-the-counter and prescription biopharmaceutical and consumer health products, has announced developments regarding its products targeting the global hepatitis C prescription market and the liver health maintenance market via a nutritional supplement formulation. Caleco identifies and develops products derived from natural sources, including plant extracts, functional oils, and probiotics. In particular, the company is targeting the $4 billion global hepatitis C prescription market, a market expected to double in size over the next seven years, reaching $8.5 billion by 2016. There are currently over 200 million people infected with chronic hepatitis…

ThursdayJun 10, 2010 10:36 am

Balqon Corp. (BLQN.OB) Brings its Proven Zero Emissions Heavy-Duty Electric Vehicles and Drive Systems to Costa Rica

Balqon Corp., www.balqon.com - the developer of zero-emission, heavy-duty Class 7-8 electric vehicles - announced recently a new dealer agreement with Electric Cars of Costa Rica S.A. (“ECCR”) to make available the Company’s vehicles and drive systems. As the Republic of Costa Rica’s leading distributor of electric vehicles (EVs), neighborhood electric vehicles (NEVs), and light duty on-road trucks, ECCR will handle distribution of the medium- to heavy-duty BLQN EVs and drive systems, in addition to service and parts. President and CEO of BLQN, Balwinder Samra, noted that Costa Rica was a “pace setter” among nations seeking to reduce their carbon…

ThursdayJun 10, 2010 8:44 am

Eternal Image, Inc. (ETNL.OB) Video Chart for Thursday, June 10, 2010

ETNL made a strong move yesterday. The price per share is through the middle bollinger band and the 50 day simple moving average. The new support levels need to hold as the chart tries to establish a new upward trend. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=415 Let us hear your thoughts below:

ThursdayJun 10, 2010 7:59 am

NetSol Technologies, Inc.’s (NTWK) Announces SAP Certification for Its smartOCI(TM) Search Engine

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that the Company's eProcurement catalog search engine, smartOCI(TM), has been certified by SAP for integration with SAP applications. According to the press release, smartOCI(TM) achieved the highest level of certification with the B2B-OCI catalog interface, allowing buying organizations to use smartOCI(TM) to search and exchange catalog content from suppliers worldwide and transfer these purchasing requests to the SAP and SRM backend systems. Launched only a month ago, smartOCI(TM) is designed to provide corporate buyers and shoppers a simple and intuitive user interface to search…

ThursdayJun 10, 2010 7:28 am

The Men’s Wearhouse (MW) Reports Large Increase in Net Income for First Quarter

The Men's Wearhouse reported net income of $13.6 million, or $0.26 per diluted share, in the first fiscal quarter of 2010, which ended 5/1/2010. The company earned net income of $5.2 million, or $0.10 per diluted share, in the same quarter in 2009. The Men's Wearhouse reported that revenues increased slightly on a year over year basis, from $464.1 million in the first quarter of fiscal 2009 to $473.5 million in the quarter that just ended. The Men's Wearhouse released guidance for the second quarter of fiscal 2010, and expects diluted earnings per share to be in a range of…

ThursdayJun 10, 2010 7:22 am

Luby’s, Inc. (LUB) Reports Small GAAP Profit in Third Fiscal Quarter

Luby’s, Inc. reported net income of $730,000, or $0.03 per diluted share, in the third quarter of fiscal 2010, which ended 5/5/2010. The company reported a net loss of $1.0 million, or ($0.04) per diluted share, in the same quarter of fiscal 2009. Luby’s, Inc. reported a decline in same store sales of 4.8% in the third quarter of fiscal 2010. The company’s same store sales have declined by 10.2% for the first nine months of fiscal 2010. Revenues fell by 5% on a year over year basis, to $57.2 million in the quarter that just ended, compared to $60.4…

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