Blog - Page 3820 of 5669

WednesdayMay 12, 2010 8:02 am

Simulated Environment Concepts, Inc. (SMEV.PK) Sees Momentum Increase in European Expansion

Simulated Environment Concepts, Inc., makers of the high pressurized dry water massage and wellness equipment - the SpaCapsule, announced this morning that its Netherlands distributor, Spa Lifestyle Group, has strategically placed more of the company's weight loss and relaxation machines in Holland's trendy hotels. "We are very confident in the European Market," stated Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts, Inc. "The Euro seems to be maintaining greater buying power for the American-made products; and we are certainly benefiting from favorable conversion rates." Mr. Roel de Kanter of SPA Lifestyle Group, commented, "We are very happy to…

WednesdayMay 12, 2010 7:50 am

Focusing on Securing Additional Revenue Opportunities, eDoorways Corp. (EDWY.PK) Files Form 15

eDoorways Corporation announced today that it recently filed Form 15 with the SEC, which means that the company is not formally required by the SEC to submit filings. This compliance strategy can be simply changed by making filings and does not constitute a change from their current operational status. Daily trading will continue as usual and eDoorways has absolutely no plans to take a voluntary de-listing or to go private. According to the company, this decision to elect non-reporting status for the time being is due in part to the fact that completing the corporate audit would be considerably expensive…

WednesdayMay 12, 2010 7:35 am

NetSol Technologies, Inc. (NTWK) Reports Strong Q3 FY 2010 Financial Results

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning reported its consolidated financial results for the third quarter ended March 31, 2010. The results included an remarkable increase in sales and a return to profitability. The company highlighted the following results: •Revenues for the fiscal year 2010 third quarter totaled $8.9 million, an increase of $3.9 million, or 77.8%, over the same period a year earlier. •Net income per share totaled $0.02 versus a loss ($0.19) for the same period a year ago. •Net revenues from license fees totaled $3.64 million, an increase of…

TuesdayMay 11, 2010 1:34 pm

Kansas City Life Insurance Company (KCLI) Reports Higher Unrealized Gains in Investment Portfolio

Kansas City Life Insurance Company reported net income of $1.0 million, or $0.08 per share, in the first quarter of 2010. The company lost $4.5 million, or $0.40 per share, in the same quarter last year. Kansas City Life Insurance Company attributed the better year over year performance to large decreases in both realized investment losses, and policyholder benefits and expenses. Kansas City Life Insurance Company also declared its regular quarterly dividend of $0.27 per share to be payable on 5/12/2010 to shareholders of record on 5/6/2010. Using an annual dividend of $1.08 per share, the stock has a yield…

TuesdayMay 11, 2010 1:31 pm

Vantage Drilling Company (VTG) Reports Higher Net Income in First Quarter of 2010

Vantage Drilling Company reported net income of $6.0 million, or $0.03 per diluted share, in the first quarter of 2010. The company earned net income of $2.4 million, or $0.03 per diluted share, in the same quarter of 2009. Although net income for Vantage Drilling Company more than doubled on a year over year basis, earnings per share was flat due to a large increase in the share count from the first quarter of 2009. Vantage Drilling Company also reported much higher revenue in the first quarter of 2010, which totaled $58.3 million. In the first quarter of 2009, revenue…

TuesdayMay 11, 2010 1:18 pm

Aerius International Inc. (AERS.PK) is “One to Watch”

Aerius International Inc. provides cellular phone antenna technologies and phones equipped with these technologies for the wireless communication industry globally. The Company distributes their products directly, and via manufacturers' representatives, and engineering and sales personnel. Aerius International Inc. trades on the Pink Sheets and they have their corporate headquarters in Las Vegas, Nevada. The Company's phones are tested and proven by GSM and CDMA carriers and in independent certified labs globally. Their phones add 300 percent to 600 percent (3dB to 6dB) more power to carrier RF link margins. This is in comparison to the same phone with its standard…

TuesdayMay 11, 2010 12:28 pm

NetSol Technologies, Inc. (NTWK) Develops User-Centric Highly Customized Applications for a Global Business Market

NetSol Technologies, Inc. is a global leader in developing client-oriented and highly customized e-business software solutions, employing proprietary BestShoring™ practices to ensure that the vast capabilities of the Company’s massive team of software engineers and multi-disciplinary experts are judiciously employed when creating the rigorous, solutions-based environment in which the application is developed. The design philosophy of NTWK is to utilize highly qualified personnel with expertise in the specific requirements of a given application, so that the output of the Customized Application Development team results in highly evolved and articulately adapted modular solutions which use the Company’s state-of-the-art project management methodology,…

TuesdayMay 11, 2010 12:24 pm

Kandi Technologies Corp. (KNDI) COCO Electric Vehicle Green-lit by Chinese Government

Kandi Technologies Corp., a leading Chinese manufacturer and exporter of go-karts, all terrain vehicles (ATVs), and specialized utility vehicles (UTVs) designed specifically for agribusiness applications – as well as the developer of the all-electric COCO low-speed vehicle (LSV – designed primarily for commuters and light urban travel – announced today that the Chinese Ministry of Industry and Information Technology has placed the COCO (KD5020X) on its 10th catalogue’s list of recommended vehicles, and has also qualified the COCO for China’s energy development and conservation initiatives, making it the only electric vehicle (EV) on the list. The COCO is a sleek…

TuesdayMay 11, 2010 12:22 pm

Viking Systems, Inc. (VKNG.OB) Teams With Sony to Bring 3DHD Surgical Vision to “Hospital Build Asia 2010”

Viking Systems Inc. is a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex, minimally invasive surgery. The company today announced that a prototype version of its next-generation 3DHD vision system will be demonstrated in Sony's booth at 'Hospital Build Asia 2010' which will run May 11-13 in Singapore. Hospital Build Asia 2010 exhibition and congress provides a forum for the healthcare industry and decision-makers from key markets across the region to identify and evaluate the latest in medical device technology. These people will be making critical decisions about how to provide the best and…

TuesdayMay 11, 2010 12:13 pm

Pro-Pharmaceuticals (PRWP.OB) Closes $750,000 Final Tranche of $6M Private Placement; Notes Plans for Phase III Testing of Lead Candidate

Pro-Pharmaceuticals Inc. is engaged in the discovery, development and commercialization of therapeutic compounds for advanced treatment of cancer and fibrosis. The company today announced the closing of the $750,000 final tranche of its $6 million private placement with 10X Fund L.P., which is purchasing unregistered Series B convertible preferred stock and warrants. Pro-Pharmaceuticals issued and sold 285,000 shares of Series B-2 preferred stock convertible into 1,140,000 shares of common stock, a Class A-1 and a Class A-2 warrant each exercisable to purchase 570,000 shares of common stock and a Class B warrant exercisable to purchase 2,280,000 shares of common stock,…

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