Blog - Page 3820 of 5511

TuesdayDec 08, 2009 1:08 pm

Oil Continues Decline, Pushed Under $73 by Rising Dollar

Nymex Crude is down $0.98 to $72.95 and Brent Crude is down $1.09 to $76.43, as a bolstered dollar drives investors (who have been using oil as a hedge against inflation) out of oil, marking a two-month low for oil prices and the fourth straight day of sell-offs. This morning, the DJIA opened markedly lower, with some heavy hitters like McDonalds and 3M offering poor profitability data points, and concerns over Dubai World sparked by downgrades from Moody’s impacting the exposed Euro. Fed suggestions of continued low interest rates mean that the extended carry trade potential for the dollar (USD)…

TuesdayDec 08, 2009 1:03 pm

Viaspace, Inc. (VSPC.OB) Subsidiary’s Disposable Methanol Fuel Cartridge Technology

Viaspace Inc. is a clean energy company focused on providing products and technology that reduce dependence on polluting fossil fuels. Through its alternative energy subsidiary, Direct Methanol Fuel Cell Corporation, the company designs and manufactures disposable methanol fuel cartridges that supply power for portable electronic devices such as mobile phones. Direct Methanol Fuel Cell has partnered with Samsung and other major companies around the world engaged in methanol fuel cell development and applications. To support the ongoing needs of customers – including commercial introduction of liquid fuel cells as an economic and environmentally friendly alternative to traditional batteries – the…

TuesdayDec 08, 2009 10:20 am

TransAtlantic Petroleum Ltd. (TAT) Makes Move to Big Board

One company whose star is certainly shining bright is TransAtlantic Petroleum. A vertically integrated international energy company, TransAtlantic is engaged in the acquisition, development, exploration, and production of crude oil and natural gas. In this very competitive industry, TransAtlantic has quickly developed a global presence with gas properties in Turkey, Morocco, Romania, and California. Today, TransAtlantic took a major step towards catching the eyes (and investment dollars) of institutional investors with the announcement that the young company will begin trading on the NYSE Amex under the ticker symbol “TAT”. Prior to this announcement, TransAtlantic traded their common shares on the…

TuesdayDec 08, 2009 10:15 am

EV Innovations, Inc. (EVII.OB) Announces Letter of Intent to Construct a 145,000-Square Foot Manufacturing Facility in North Carolina

EV Innovations, Inc., a development stage technology company that is focusing its resources and efforts on the development and marketing of lithium-powered vehicles and products, as well as on commercial and residential properties, recently announced that the company has signed a letter of intent to begin manufacturing in Rutherford County, North Carolina. According to the letter of intent, EV Innovations utilize approximately $13 million in concessions and credits to construct a 145,000-square foot manufacturing facility with the option of developing a 400,000-square foot manufacturing facility for future expansion. The company will also collaborate with Isothermal Community College to develop a…

TuesdayDec 08, 2009 10:14 am

KeyOn Communications Holdings, Inc. (KEYO.OB) Announces First Acquisition under New Initiative

KeyOn Communications Holdings, Inc., a leading provider of wireless broadband, satellite video, and VoIP services, announced that the company has completed the acquisition of SkyWi, Inc. This is the company’s first acquisition under their Rural UniFi program, a comprehensive acquisition initiative announced in September 2009. Because of the lack of available broadband options, rural markets are often served by independent wireless broadband contractors such as SkyWi. These companies provide an invaluable service to such an area as penetration from bigger corporations is often low. At the current time, there are over 2,000 such companies. Most of these contractors have insufficient…

TuesdayDec 08, 2009 9:50 am

Formcap Corp. (FRMC.PK) Adds Thomas Markham as Senior Geologist

Formcap Corp. was pleased to announce today that it has engaged Mr. Thomas Markham as a consulting Senior Geologist. A professional geologist specializing in the evaluation and development of oil and gas plays in the onshore United States, Tom received his Masters of Geology from LSU in 1976 and then pursued a career working with ARCO, BEPCO, HOUSTON OIL and MINERALS, and TENNECO. Mr. Markham as an individual geologist and as part of exploration and development teams discovered and developed more than 75 million net equivalent barrels of oil. With increasing budget and managerial responsibilities, Tom managed geoscience teams of…

TuesdayDec 08, 2009 9:09 am

Muscle Flex Inc. (MFLI.PK) Announces Upgrade to ‘Current Information’ on Pink Sheets

Muscle Flex Inc. announced this morning that it has returned to 'Current Information' status with PinkSheets.com after filing its required financial information. The Muscle Flex September 2009 financials were delayed two weeks as a result of engaging a new accounting firm that is currently preparing its financials to audit fiscal years 2008 and 2009. Early next year, Muscle Flex Inc. plans to transition the company to a fully-reporting company listed on the OTC Bulletin Board (OTCBB). The company aims to provide the highest level of corporate accountability and visibility, as well as significantly expand the market for its stock. Muscle…

TuesdayDec 08, 2009 9:00 am

eDoorways Corp. (EDWY.PK) Selects Top Open Source Developer DPCI to Help Accelerate Its Web 3.0 Development

eDoorways Corp. today told investors that its decision to go Open Source, in an effort to expedite its Web development and develop the platform's mobile applications, was partially hinged on its ability to attract one of the top developers within the open source environment. DPCI, an interactive technology agency that delivers integrated content management solutions, agreed to assist eDoorways in converting the company's Internet platform to Drupal, an Open Source Content Management System written in PHP and distributed under the GNU General Public License. Gary Kimmons, Chairman & CEO of eDoorways Corporation, stated, "DPCI comes highly recommended by a number…

MondayDec 07, 2009 4:04 pm

December 7th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CVM, ENZ, HYTM, IMUC, IWEB, NXOI, ONBI, PSID, SIHI, XSNX Markets hit fresh highs for '09 yet again this week, as decreased concerns regarding the Dubai debt restructuring announcement and news that the US labor market is showing signs of recovery spurred broad based buying which led all of the major indices higher. All told, the Dow ended the week up 0.8%, gaining 79 points to close at 10388, extending its yearly gains to 18.4%. The Nasdaq gained 2.6% on the week, closing at 2194, up 39.1% on the year, while…

MondayDec 07, 2009 3:05 pm

Clenergen Corp. (CRGE.OB) To Test Biomass-Fossil Fuel Combinations

Clenergen Corporation, a leading biomass power developer, is working with Mangalore Refinery & Petrochemicals Ltd., in the city of Mangalore on the southwest coast of India, to develop power plants that will generate electricity from a blend of petcoke (60%) and biomass (40%). Initially, a 21 megawatt pilot power plant will be built in Mangalore for tests to maximize efficiency in the generation of carbon neutral electricity. However, the project could be scaled up to provide 154 megawatts in Mangalore, and 196 megawatts in the nearby city of Kochi (formerly known as Cochin), based upon the volume of biomass expected…

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