Blog - Page 3830 of 5549

TuesdayJan 12, 2010 8:57 am

McMoRan Exploration Co. (MMR) Reports Large Discovery in Shallow Gulf of Mexico

McMoRan Exploration Co. reported an oil and gas discovery on the Davy Jones prospect located in the shallow waters of the Gulf of Mexico on South Marsh Island Block 230. The company is one of the largest acreage holders in the Gulf of Mexico with one million gross acres under lease. The well was drilled to a total depth of approximately 28,200 feet and hit total net pay of 135 feet in four zones of the Wilcox formation. The formation is from the Eocene and Paleocene eras. James R. Moffett, the CEO of McMoRan Exploration Co., said, “Davy Jones log…

TuesdayJan 12, 2010 8:56 am

Response Biomedical Corp. (RPBIF.OB) Announces Preliminary Year-End 2009 Results

Response Biomedical Corp., a leading developer, manufacturer and marketer of rapid on-site diagnostic tests, recently announced the company’s preliminary year-end 2009 financial results. The company expects to report annual revenues of roughly $10 million for 2009, compared to $5.87 million in 2008. On March 25, 2009, the company will host a conference call and announce complete fourth quarter and year-end financial results. Response Biomedical’s proprietary technology is the RAMP® Platform that is utilized for clinical and environmental applications. The company’s RAMP® system consists of a reader and single-use disposable test cartridges that can be adapted to over 250 medical and…

TuesdayJan 12, 2010 8:39 am

Newport Digital Technologies, Inc. (NPDT.OB) Builds Unique Position with Key Partners

Newport Digital Technologies Inc. has staked out what can only be called a uniquely promising position in the rapidly growing field of wireless technology. First, they have identified one of the key technologies (wireless broadband networking), and associated sub-technologies, that are expected to be major economic drivers in the 21st century. Second, they have managed to position themselves directly between the marketplace and key developers of those technologies. The company has established a synergistic and exclusive partnership with Taiwan’s premier technology incubators, the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI). Together, these R&D centers represent…

MondayJan 11, 2010 5:24 pm

Signature Exploration & Production Corp. (SXLP.OB) Up 47.12% to New 52-Week High After Coverage by QualityStocks Newsletter

Signature Exploration and Production Corp. gushed to a new 52-week high today. The stock traded as high as $1.95 a share earlier today and closed today’s trading at $1.53, up $0.49 or 47.12%. The company was highlighted in the QualityStocks Newsletter very recently – January 6, 2010 – at a price of $0.75. The stock has more than doubled in just three trading days! Signature Exploration & Production is an independent energy firm involved with on-shore oil and gas properties in conventional producing areas along the Gulf coast of Texas. The company today provided some details about its Koliba Prospect.…

MondayJan 11, 2010 5:04 pm

Budget Center, Inc. (BDGN.PK) Launches New Travel Website and Signs Agreement with HotelsCombined.com

Today after the closing bell, Budget Center Inc. announced that the company’s travel website www.budgethotels.com signed a formal “white paper affiliate” agreement with Hotels Combined Pty Ltd. of Sydney, Australia. Accordingly, Budget Center launched the new online travel website on Dec. 27, 2009 in partnership with the industry giant. The travel website now has the ability to connect users with more than 900,000 global hotel deals from over 30 merchants, delivering the “Budget” brand to thousands of customers worldwide. Travelers from all over the world will now be able to find the best travel deals delivered in 14 languages and…

MondayJan 11, 2010 4:08 pm

Hi Score Corp. (HSCO.PK) is “One to Watch”

Hi Score Corporation is a leading supplier of eco-friendly lighting products in the Western Hemisphere. The Company offers their customers safe, efficient, solid-state “green” lighting as an alternative to conventional fluorescent and incandescent bulbs. Hi Score Corporation sells their products directly to consumers and businesses as well as to municipalities. Hi Score Corporation offers a broad selection of high quality, long lasting LED lighting products. These can replace existing incandescent, fluorescent, and halogen bulbs as well as compact fluorescent lights. On January 4, 2010, Hi Score Corporation and their wholly owned subsidiary Green LED Technology Inc. announced that they retained…

MondayJan 11, 2010 3:51 pm

Andes Gold Corp. (AGCZ.PK) is “One to Watch”

Andes Gold Corporation is a gold producing and exploration company. Trading on the Pink Sheets, they have their operations in Ecuador, South America. The Company is currently operating a gold mining and exploration corporation through their wholly owned subsidiary Compania Minera PLS.A. in Ecuador. This subsidiary controls a gold mining and exploration concession called the Miranda Alto. Andes Gold Corporation has their corporate headquarters in New York City, New York. The Miranda Alto mine is active and processing 50 tonnes per day of ore, producing 8g per tones of Gold and 15g per tones of Silver on average from shafts…

MondayJan 11, 2010 2:25 pm

FormCap Corp. (FRMC.PK) Led by a Formidable Management Team and Advisors

FormCap is a domestic, emerging exploration and development company in the oil and gas sector. To date, the company has assembled 4,800 acres of oil and gas mineral leases – the Weber City Prospect – in Curry County, New Mexico. In a successful case, there is the potential to drill up to 100 wells which may produce up to 300 million barrels of oil. The company's current management team is led by Graham Douglas. Advisors have been hired on a contract basis as required to minimize expenditures during FormCap's start-up phase. Here is a brief summary of the management team…

MondayJan 11, 2010 2:04 pm

Sorrento Therapeutics Inc. (SRNE.OB) Announces Collaborative Development Agreement with Scripps Research

Sorrento Therapeutics Inc. is a development-stage biopharmaceutical company focused on developing therapeutic antibodies for the treatment of disease conditions such as cancer, inflammation, metabolic disease and infectious disease. The company today announced it has entered into an antibody discovery and development collaboration with The Scripps Research Institute in La Jolla, Calif. Per the agreement, Sorrento will obtain exclusive, worldwide rights to Scripps Research’s novel quorum sensing-based technology, which was developed to prevent and treat Staphylococcus aureus (commonly known as Staph) infections, including Methicillin-resistant Staph. aureus (MRSA). MRSA’s resistance to antibiotics makes it a concern to healthcare officials. According to the…

MondayJan 11, 2010 12:53 pm

Echo Therapeutics, Inc. (ECTE.OB) Completes Development of Patented SkinPrep System

Echo Therapeutics Inc., a Massachusetts based medical device and specialty pharmaceuticals company, announced today that they have completed product development of their revolutionary PreludeTM SkinPrep System. The product will now go into final clinical trials, and, subject to FDA market clearance, the product will be sold commercially with no further changes. The Prelude SkinPrep System is a skin preparation platform technology used for needle-free transdermal drug delivery, designed for use with novel topical reformulations of widely used FDA approved products. Prelude will be tested using LMX4 lidocaine cream, which should form the basis for a 510-K filing with Ferndale Pharma…

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