Blog - Page 3820 of 5762

FridayAug 06, 2010 9:17 am

Forbes Medi-Tech Inc. (FMTI.OB) Enters into Amended Agreement with MHT, LLC (MHT Exercises Their Right to Match Pharmachem Offer)

Forbes Medi-Tech Inc. (the Company) announced that MHT, LLC has exercised their "right to match" in respect of the offer of Pharmachem Laboratories, Inc. to acquire substantially all of the assets of the Company (the "Pharmachem Offer"), as announced in the Company's news release of July 29, 2010. Forbes Medi-Tech has entered into an amended agreement with MHT, in connection with the exercise by MHT of their right to match the Pharmachem Offer. The purchase price payable by MHT for the purchased assets has undergone an increase from approximately US$1.4 million to US$1.76 million, in each case subject to inventory…

FridayAug 06, 2010 9:16 am

Lexicon United Incorporated (LXUN.OB) to Acquire Pathworks PCO of Florida

One company that is starting to catch the attention of investors on Wall street is Lexicon United Incorporated. Located in Austin, Texas, Lexicon has built a name for themselves as a diversified holding company whose holdings include companies that specialize in collections and credit recovery. Yesterday, Lexicon took a major step towards enhancing their future with the acquisition of Pathworks PCO of Florida, Inc. Pathworks has earned a stellar reputation as a provider of HD television, next generation internet access, and carrier –class telephone services which are delivered via state-of-the-art fiber to home networks. Pursuant to this Merger Agreement, Pathworks…

FridayAug 06, 2010 9:16 am

Kodiak Oil & Gas Corp. (KOG) Releases Second Quarter Operations Update

Kodiak Oil & Gas Corp. released updated information on the company’s oil and gas operational activity in the Williston Basin in North Dakota. Kodiak Oil & Gas Corp. has approximately 34,000 net acres under lease in Dunn County, North Dakota. The company just completed the Moccasin Creek #1 well and reported production during the first 12 hours of 871 barrels of oil and 540,000 cubic feet of natural gas. The well is not stabilized enough to report an initial production rate. Kodiak Oil & Gas Corp. has five other wells in Dunn County either being drilled or waiting on completion.…

FridayAug 06, 2010 9:15 am

Janel World Trade, Ltd. (JLWT.OB) Secures New $3.5M Credit Line Facility

Janel World Trade, Ltd. (JLWT.OB), a global provider of integrated logistics and environmental services, including freight forwarding via multi-modal carriers, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, recently announced that the company has secured a $3.5M revolving line of credit with Community National Bank. This credit facility will provide the company with increased financial flexibility and capacity for future growth and profitability. This new credit facility provides more favorable terms and an interest rate that supports the company’s strategy for growth and continued focus on enhanced profitability. The credit line with Community National Bank is for a one-year term…

FridayAug 06, 2010 9:15 am

Gastar Exploration Ltd. (GST) Reports Second Quarter Of 2010 Results

Gastar Exploration Ltd. issued second quarter of 2010 financial results and an operations update on the company’s quarterly exploration and development activity on its oil and gas properties in the United States. Gastar Exploration Ltd. reported a net loss of $2.5 million, or ($0.05) per share in the second quarter of 2010, ending 6/30/2010. The company lost $2.4 million, or ($0.05) per share in the corresponding quarter of 2009. Both quarters included an unrealized loss from the company’s derivatives activity. Gastar Exploration Ltd. reported a sharp decline in production on a year over year basis. The company reported production that…

FridayAug 06, 2010 9:14 am

Uranium Energy Corp (UEC) Utilizes Strong Advisory Board

In addition to strong management and technical teams, Uranium Energy Corp (NYSE-AMEX: UEC) has put together one of the strongest advisory boards in the business, to help guide decisions in an industry that involves numerous governmental and environmental considerations. • Katharine Armstrong – Ms. Armstrong is highly knowledgeable regarding the natural resources and environment of the state of Texas, where UEC does much of its work. In 1999, she was appointed to the Texas Parks and Wildlife Commission, and was named chairman in 2001. She was active with the selection committee for the White House Fellows Program, and is director…

ThursdayAug 05, 2010 5:01 pm

UV Flu Technologies Inc. (UVFT.OB) Receives Purchase Order from Leading Medical Training Facility in Miami

UV Flu Technologies Inc. (UVFT.OB) develops, manufactures and distributes biotechnology products for the indoor air quality (IAQ) industry sector. The company’s VIRATECH UV-400 eliminates harmful airborne bacteria with 99.2% efficacy on the first-pass basis. The company was granted class II medical listing from the FDA, which allows UV Flu to market the product as a medical device. The company today announced it has received a purchase order from specialized indoor air quality distributor Puravair for a shipment of VIRATECH UV-400 to the Miami Anatomical Research Center (M.A.R.C.), one of the leading medical technology training facilities in the country. The facility…

ThursdayAug 05, 2010 12:30 pm

Spare Backup (SPBU.OB) My Hub Mobile App Approved by Apple for iPhone Use

Spare Backup Inc. is an industry-leading provider of automated online backup applications for home users and small businesses. The company today announced that its My Hub Mobile 1.0 App was approved by Apple for use with the iPhone platform and will be available at the Apple iTunes App Store. The company's App runs on the iPhone and enables clients to securely backup, store and manage their content, including contacts and pictures, through the use of the cloud and on their iPhone. This app now makes it easier than ever to put the user in complete control of their own content…

ThursdayAug 05, 2010 12:30 pm

PetroQuest Energy, Inc. (PQ) Reports Second Quarter of 2010 Operations Report

PetroQuest Energy, Inc. updated the investment community and shareholders on the company’s financial results and oil and gas activities during the second quarter of 2010. PetroQuest Energy, Inc. reported total oil and gas production of 7.3 billion cubic feet equivalent in the second quarter of 2010, compared to 8.6 billion cubic feet equivalent in the corresponding quarter of 2010. The company attributed the sharp decline in year over year production to reduced capital spending in 2009 during the recession and financial crisis. PetroQuest Energy, Inc. realized an average price of $77.20 per barrel for oil and $4.67 per Mcf for…

ThursdayAug 05, 2010 12:29 pm

Penn Virginia Corporation (PVA) Updates Activities

Penn Virginia Corporation issued an operational update on its oil and gas exploration and development activities for the second quarter of 2010. Penn Virginia Corporation reported total oil and gas production of 115.1 million cubic feet of natural gas equivalent per day during the second quarter of 2010. The company produced 134.7 million cubic feet of natural gas equivalent per day in the same quarter of 2009. The production numbers were presented on a pro forma basis to exclude assets from the Gulf Coast area that the company sold last year. In East Texas, Penn Virginia Corporation drilled a total…

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