Blog - Page 3820 of 5639

ThursdayApr 15, 2010 7:48 am

VaxGen, Inc. (VXGN) Merges with Privately Held diaDexus

VaxGen, Inc. announced a merger agreement with diaDexus, Inc., a private company involved in the diagnostics business. The deal is expected to close in the third quarter of 2010. Post merger the two companies will operate under the name diaDexus. James Panek, the President of VaxGen, Inc., said, “We believe that this potential transaction with diaDexus represents an excellent strategy to maximize the value of VaxGen's remaining tangible and intangible assets and to provide our stockholders with the opportunity to participate in diaDexus' potential success as a leader in the development and commercialization of novel diagnostic products.” VaxGen, Inc. will…

ThursdayApr 15, 2010 7:46 am

Tandy Leather Factory, Inc. (TLF) Reports Strong Increase in March Sales

Tandy Leather Factory, Inc. announced that March 2010 sales came in at $5.4 million, an increase of 17% from March 2009. The company said that year to date, sales were $14.6 million through the end of March 2010, compared to $13.4 million in the first three months of 2009. “Our first quarter sales have been very strong, and I expect we will see the trend continue into the second quarter as we are working against softer comps from the first half of 2009. The real test will be the last half of the year, as the comps get tougher. We…

ThursdayApr 15, 2010 7:45 am

GlobalSCAPE Inc. (GSB) Appoints William Buie as Executive Vice President of Sales

Today, GlobalSCAPE, Inc. announced that it has welcomed William Buie to its team as the Executive Vice President of Sales. Mr. Buie is an accomplished high-tech industry executive with nearly 30 years of sales and marketing management experience. Mr. Buie holds a bachelor of journalism degree from the University of Missouri and completed the Finance for Executives program at the Wharton School of Business. Before joining GlobalSCAPE, Mr. Buie held the senior vice president position at Fujitsu, a global IT services, hardware and software provider. Mr. Buie also served as the Vice President of Global Strategic Partner Sales at Symantec…

ThursdayApr 15, 2010 7:43 am

Big Bear Mining Corp. (BGBR.OB) Announces Acquisition of the Sol d’or Mine and Additional Claims in the Red Lake Mining Division

Big Bear Mining Corp., a U.S.-based exploration and development company, focusing on the acquisition and development of gold and other precious commodity projects that demonstrate high probability for near-term production, recently announced the acquisition of a new group of claims in the Birch/Uchi portion of the Red Lake Mining Division. Located in Honeywell and McNaughton Township, the group of nine claims is situated on a total of 4,104 acres. According to the Ontario Geological Survey Open File Report 5835, this group is host to the Sol d'or Mine, which experienced limited production between 1932 to 1937 at which time 560.07…

ThursdayApr 15, 2010 7:43 am

American HomePatient, Inc. (AHOM.OB) Enters into a Tenth Forbearance Agreement with NexBank, SSB

American HomePatient, Inc. announced that the Company entered into a tenth forbearance agreement with NexBank, SSB, the agent for their senior debt, and the holders in interest of a majority of the senior debt. Approximately $226 million was due for repayment in full on the maturity date of August 1, 2009. This was pursuant to the terms of American HomePatient, Inc.'s secured promissory note. The Company and their lenders continue to work toward a resolution of the debt maturity issue. The lenders may not take any actions available to them against American HomePatient, Inc. because of the default, prior to…

ThursdayApr 15, 2010 7:40 am

Alliance Financial Corp. (ALNC) Reports Slight Increase in Net Income

Alliance Financial Corp. reported net income of $2.7 million, or $0.59 per diluted share, in the first quarter of 2010. The company earned $2.6 million, or $0.57 per diluted share, in the same quarter of 2009. “Throughout this difficult economic cycle Alliance's earnings and asset quality indicators have consistently outperformed industry averages, and our first quarter performance continues this trend,” said Jack H. Webb, the CEO of Alliance Financial Corporation. Webb indicated that despite the improvement in results, loan demand was still weak due to reluctance by businesses to borrow because of the uncertain economy. Alliance Financial Corporation reported a…

ThursdayApr 15, 2010 7:39 am

Mission West Properties, Inc. (MSW) Reports Strong Increase in Funds from Operations

Mission West Properties, Inc. announced that Funds From Operations (FFO) for the first quarter of 2010 was $16.5 million, or $0.16 per diluted share. The company reported FFO of $12.1 million, or $0.11 per diluted share, in the same quarter of 2009. FFO is a non-GAAP financial measurement that is the preferred method of evaluating real estate investment trusts (REIT). It is calculated as net income, not including one-time gains or losses, depreciation, amortization and the effects of unconsolidated partnerships and joint ventures. Mission West Properties, Inc. said that net income also increased on a year over year basis, to…

WednesdayApr 14, 2010 3:10 pm

iDcentrix, Inc. (IDCX.OB) Up 1,172% Following Coverage in QualityStocks Newsletter

iDcentrix closed today’s trading at $0.14, which is up 180% from yesterday’s close. The strong upward move occurred on very heavy volume in excess of 2.1 million shares, which is about 10 times the average daily volume. iDcentrix was mentioned in the QualityStocks Daily Newsletter back on September 8, 2009. At the time, the stock traded at only $0.011 a share. Shareholders have enjoyed an increase of more than 1,100% since then. iDcentrix engages in the development and production of high-end security identification (ID) cards and related equipment designed to combat identity fraud and other related criminal activities. The company…

WednesdayApr 14, 2010 3:01 pm

Point Blank Solutions, Inc. (PBSO.OB) Files Voluntary Petition for Chapter 11

Point Blank Solutions, Inc., based in Pampano Beach, FL, announced today that they and its subsidiaries have filed a voluntary petition for Chapter 11 reorganization. Point Blank, together with its subsidiaries, engages in the manufacture and provision of bullet, fragmentation, and stab resistant apparel and related ballistic accessories for military, law enforcement, security, and corrections personnel, as well as government agencies in the United States. Point Blank also announced that, pending bankruptcy court approval, it has reached an agreement for up to $20 million of Debtor-in-Possession ("DIP") financing. Point Blank cited financial issues that were brought about by previous management…

WednesdayApr 14, 2010 2:57 pm

Next One Interactive Inc. (NXOI.OB) to Debut “Homes on Demand” Comcast Spotlight

Next One Interactive, Inc., based in Weston, FL, announced today that it has agreed to terms with Comcast Spotlight, the advertising sales division of Comcast Cable, through Comcast Spotlight's Searchlight Video On Demand (VOD) advertising platform. “Homes On Demand” will be an on-demand channel that will reach more than 15 million homes and allow potential buyers to browse homes for sale both locally and worldwide. This video service will be available 24 hours a day, 7 days a week. The channel is slated to debut in late spring of this year. Bill Kerby, CEO and Vice Chairman of Next One,…

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