Blog - Page 3845 of 5664

ThursdayApr 15, 2010 7:43 am

Big Bear Mining Corp. (BGBR.OB) Announces Acquisition of the Sol d’or Mine and Additional Claims in the Red Lake Mining Division

Big Bear Mining Corp., a U.S.-based exploration and development company, focusing on the acquisition and development of gold and other precious commodity projects that demonstrate high probability for near-term production, recently announced the acquisition of a new group of claims in the Birch/Uchi portion of the Red Lake Mining Division. Located in Honeywell and McNaughton Township, the group of nine claims is situated on a total of 4,104 acres. According to the Ontario Geological Survey Open File Report 5835, this group is host to the Sol d'or Mine, which experienced limited production between 1932 to 1937 at which time 560.07…

ThursdayApr 15, 2010 7:43 am

American HomePatient, Inc. (AHOM.OB) Enters into a Tenth Forbearance Agreement with NexBank, SSB

American HomePatient, Inc. announced that the Company entered into a tenth forbearance agreement with NexBank, SSB, the agent for their senior debt, and the holders in interest of a majority of the senior debt. Approximately $226 million was due for repayment in full on the maturity date of August 1, 2009. This was pursuant to the terms of American HomePatient, Inc.'s secured promissory note. The Company and their lenders continue to work toward a resolution of the debt maturity issue. The lenders may not take any actions available to them against American HomePatient, Inc. because of the default, prior to…

ThursdayApr 15, 2010 7:40 am

Alliance Financial Corp. (ALNC) Reports Slight Increase in Net Income

Alliance Financial Corp. reported net income of $2.7 million, or $0.59 per diluted share, in the first quarter of 2010. The company earned $2.6 million, or $0.57 per diluted share, in the same quarter of 2009. “Throughout this difficult economic cycle Alliance's earnings and asset quality indicators have consistently outperformed industry averages, and our first quarter performance continues this trend,” said Jack H. Webb, the CEO of Alliance Financial Corporation. Webb indicated that despite the improvement in results, loan demand was still weak due to reluctance by businesses to borrow because of the uncertain economy. Alliance Financial Corporation reported a…

ThursdayApr 15, 2010 7:39 am

Mission West Properties, Inc. (MSW) Reports Strong Increase in Funds from Operations

Mission West Properties, Inc. announced that Funds From Operations (FFO) for the first quarter of 2010 was $16.5 million, or $0.16 per diluted share. The company reported FFO of $12.1 million, or $0.11 per diluted share, in the same quarter of 2009. FFO is a non-GAAP financial measurement that is the preferred method of evaluating real estate investment trusts (REIT). It is calculated as net income, not including one-time gains or losses, depreciation, amortization and the effects of unconsolidated partnerships and joint ventures. Mission West Properties, Inc. said that net income also increased on a year over year basis, to…

WednesdayApr 14, 2010 3:10 pm

iDcentrix, Inc. (IDCX.OB) Up 1,172% Following Coverage in QualityStocks Newsletter

iDcentrix closed today’s trading at $0.14, which is up 180% from yesterday’s close. The strong upward move occurred on very heavy volume in excess of 2.1 million shares, which is about 10 times the average daily volume. iDcentrix was mentioned in the QualityStocks Daily Newsletter back on September 8, 2009. At the time, the stock traded at only $0.011 a share. Shareholders have enjoyed an increase of more than 1,100% since then. iDcentrix engages in the development and production of high-end security identification (ID) cards and related equipment designed to combat identity fraud and other related criminal activities. The company…

WednesdayApr 14, 2010 3:01 pm

Point Blank Solutions, Inc. (PBSO.OB) Files Voluntary Petition for Chapter 11

Point Blank Solutions, Inc., based in Pampano Beach, FL, announced today that they and its subsidiaries have filed a voluntary petition for Chapter 11 reorganization. Point Blank, together with its subsidiaries, engages in the manufacture and provision of bullet, fragmentation, and stab resistant apparel and related ballistic accessories for military, law enforcement, security, and corrections personnel, as well as government agencies in the United States. Point Blank also announced that, pending bankruptcy court approval, it has reached an agreement for up to $20 million of Debtor-in-Possession ("DIP") financing. Point Blank cited financial issues that were brought about by previous management…

WednesdayApr 14, 2010 2:57 pm

Next One Interactive Inc. (NXOI.OB) to Debut “Homes on Demand” Comcast Spotlight

Next One Interactive, Inc., based in Weston, FL, announced today that it has agreed to terms with Comcast Spotlight, the advertising sales division of Comcast Cable, through Comcast Spotlight's Searchlight Video On Demand (VOD) advertising platform. “Homes On Demand” will be an on-demand channel that will reach more than 15 million homes and allow potential buyers to browse homes for sale both locally and worldwide. This video service will be available 24 hours a day, 7 days a week. The channel is slated to debut in late spring of this year. Bill Kerby, CEO and Vice Chairman of Next One,…

WednesdayApr 14, 2010 2:53 pm

PROLOR Biotech Inc. (PBTH) Continues to Find Success with Peptide Technology

Add on technology has always been a solid way to make a nice little profit. All one really needs to see is Apple’s technology and product base, and other companies’ ability to add on to them, to get the idea of how it works. As biotech continues its drive forward, this is an increasing trend for all the new drugs being introduced as well. Finding a company that can make this happen is a bit more difficult with patent lawyers swarming, but these companies can be found and large profits will be made. PROLOR Biotech Inc., a development stage biotechnology…

WednesdayApr 14, 2010 2:09 pm

National Automation Services, Inc. (NASV.PK) Growth Strategy Targets Leadership in US Market

National Automation Services, Inc. is focused on growth via their unique acquisition strategy guidelines, which includes two completed acquisitions and continuous engagement with potential others, in accordance with an agenda to secure six high caliber regional leaders before 2011. NASV is currently servicing Arizona as well as Southern CA and NV. As a provider of systems integration in the industrial controls sector, the Henderson, NV-based NASV aims to systematically build a North American powerbase of automation and controls companies specializing in the design and implementation of electrical control systems which are a vital part of a multiplicity of other businesses.…

WednesdayApr 14, 2010 2:03 pm

PetroAlgae, Inc. (PALG.OB) Agreement with Asesorias e Inversiones Quilicura to Bring Large Scale Biomass Production to Chile

PetroAlgae Inc., a dynamic alternative energy producer focused on establishing a first-mover advantage in the biofuels sector using a revolutionary continuous harvesting process and a variety of licensed commercial micro-crops, today announced the signing of a memorandum of understanding with Asesorias e Inversiones Quilicura (AIQ) aimed at developing micro-crops in Chile. The agreement gives AIQ (a major shareholder in the well-known Chilean busing company, Subus Chile S.A.) the option to license PALG’s easily modifiable and modular system that enables a continuous harvesting process of a variety of commercial micro-crops, in order to produce biofuels like “green” gasoline, jet fuel, diesel…

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