FridayApr 23, 2010 12:58 pm

Revonergy, Inc. (RNRG.OB) Announces New Members of its Board of Directors

Revonergy Inc., a global developer and operator of renewable energy plants squarely focused on long-term cash flows and obtaining renewable energy credits, announced the election of four new members to its Board of Directors in accordance with the recent Dec. 09 change of control. The new members are Ravi Daswani, Ian Robinson, Ken Telford, and Simoun Ung. President and CEO of RNRG, Ravi Daswani, thanked everyone for their hard work, which has culminated in being able to assemble a multi-disciplinary team of professionals who collectively bring a robust skill set in key areas like renewable energy, waste-to-energy and corporate stewardship,…

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FridayApr 23, 2010 11:10 am

Cheniere Energy Inc. (LNG) Pays Down Debt, Prepares for Growth

One may look at the commodity price of natural gas and wonder why anybody would be interested in investing in it. Others look at the investment as a long-term play. One way or another natural gas will be having its day in the sun and investing strategically today will potentially be very profitable. Cheniere Energy Inc., owns and operates on-shore receiving terminals for natural gas. The company currently owns and operates six facilities located primarily along the gulf coast of the United States. It also engages in off shore oil and natural gas exploration along with activities in the pipeline…

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FridayApr 23, 2010 11:05 am

Positron, Inc. (POSC.OB) – A Buy-Out Candidate?

Message boards are being flooded with buy-out rumors for Positron, Inc. Reports on the web are making statements regarding a big development with news to be released as early as Monday. In a press release issued by Positron yesterday morning, Patrick G. Rooney, the Chairman of the Board of Positron Corporation, addressed these rumors. While not confirming anything specific, Mr. Rooney was quoted as stating that Positron "is currently in discussions with a potential partner in our industry." Positron designs, manufactures, markets, and services molecular imaging devices/software for cardiology in the United States and internationally. Its flagship product is a…

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FridayApr 23, 2010 9:08 am

Update on SmartMetric, Inc. (SMME.OB) Patent Infringement Lawsuit Against Mastercard and Visa

On March 15, 2010, SmartMetric, Inc. filed a lawsuit against both Visa, Inc. and Mastercard, Inc. claiming patent infringement against its patent issued United States Patent Number 6,792,464. The case was filed in the United States Federal Court, Central District of California and given Case # CV1864JHN. SmartMetric claims in its lawsuit that both Visa and MasterCard are in violation of its issued patent dealing with the use of a data card and an automatic connection to a network. The patent infringement is in regards to the “PayPass” system used by both Visa and Mastercard. There had been more than…

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FridayApr 23, 2010 9:00 am

Ecosphere Technologies (ESPH.OB) Announces Major Financial Improvement for the First Quarter

One company that is making major strides in the market place is Ecosphere Technologies. Located in Stuart, Florida, Ecosphere has earned a reputation as a leader in diversified water engineering and environmental services. Today, Ecosphere announced it has reported record revenues and reduced debt for the first quarter ending March 31, 2010. Ecosphere displayed first quarter revenues that increased over 980% from the same quarter in the prior year providing the company in excess of $2,100,000. This incredible increase in revenues will allow the young company to charter new territory in their already rapidly growing corporation. Ecosphere also announced it…

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FridayApr 23, 2010 8:42 am

Air China Ltd. (AIRYY.PK) Announces 2010 First Quarter Results

Air China Limited is the national flag carrier of China and a leading provider of air passenger, air cargo and airline-related services and products. As of the end of 2009, Air China operated a fleet of 262 aircraft, serving 156 destinations in 32 countries and regions. The company today announced its financial results for the first quarter ended March 31, 2010. Like other emerging markets, air traffic is taking off in China. For the first quarter, Air China recorded a 30.7% year-over-year increase in operating revenue to 14.7 billion renminbi. This gain was driven by sustained growth in domestic traffic…

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FridayApr 23, 2010 7:51 am

Halo Companies, Inc. (HALN.OB) Subsidiary to Offer Discount Prescription Card

Yesterday, Halo Companies, Inc. subsidiary Halo Benefits, Inc. announced that it will now offer customers a discount pharmacy prescription card, HaloRx. The new card comes at a time when the cost of prescription drugs and customers demand for deals is rising. Consumers can get the new service for free and can receive up to 60% in discounts on over 12,000 FDA approved drugs. HaloRx will be primarily marketed to associations, employers, and benefit groups, but the new product will be made available direct to consumer as well. The new product is the latest of new a la carte services offered…

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FridayApr 23, 2010 7:48 am

Island Breeze International, Inc. (IBII.OB) Enters Joint Venture and Investment Agreement

Island Breeze International Inc. is focused on developing and operating entertainment cruise projects. The company is currently evaluating port locations in East Asia for the establishment of its initial operations. Island Breeze announced today it has entered into a joint venture and investment agreement with a private investment group. Under the terms of the joint venture and investment agreement, Island Breeze International will form a new subsidiary for the purpose of acquiring an existing overnight cruise vessel to operate in East Asia. In addition, the private investment group has committed to make a $600,000 equity investment into the company. Furthermore,…

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FridayApr 23, 2010 7:48 am

Reed’s, Inc. (REED) Announces Expansion into 196 Stores in Eight Southern States

Reed's, Inc., a maker of top-selling sodas in more than 10,500 supermarkets and natural food stores nationwide, recently announced that the company has expanded its product placement into Harris Teeter Food Markets, which operates 196 stores in high-income urban areas throughout the East Coast and the Southern United States. Harris Teeter operates stores in eight states, including North Carolina, South Carolina, Virginia, Georgia, Tennessee, Florida, Maryland and Delaware. Under the terms of the agreement, Harris Teeter will immediately begin carrying three SKUs of Reed’s Ginger Brews and three SKUs of Virgil’s branded products. Christopher Reed, founder and chief executive officer…

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