Blog - Page 3846 of 5548

MondayDec 21, 2009 8:46 am

NetSol Technologies, Inc. (NTWK) Provides Financial Guidance for Fiscal Year 2010

NetSol Technologies, Inc., a global U.S. corporation providing global business services and enterprise application solutions, announced today before the opening bell its improved financial guidance expectations for the full year fiscal 2010 period ending June 30, 2010. Based on current business activities, and preliminary unaudited results, the company forecasts: -- Revenues of between $33.0 million and $35.0 million, representing full year revenue growth of between 25% and 32% versus fiscal year 2009. -- A return to GAAP net income, versus a GAAP net loss of $0.30 per diluted share for fiscal year 2009. -- License revenues to increase more than…

FridayDec 18, 2009 12:28 pm

Myriad Pharmaceuticals Inc. (MYRX) Announces Acquisition of Javelin Pharmaceuticals Inc.

Myriad Pharmaceuticals Inc. is a biotechnology company focused on the development of drugs for cancer, HIV and other medical conditions. The company today announced an acquisition agreement with Javelin Pharmaceuticals (AMEX: JAV), a company engaged in innovative technologies to develop new drugs for the pain management market. Javelin has one marketed drug in the U.K., Dyloject, an injectable treatment for postoperative pain, as well as two drug candidates in U.S. advanced clinical development. On December 2, 2009, Javelin submitted a New Drug Application with the FDA for Dyloject. Myriad’s acquisition of Javelin complements Myriad’s portfolio of product candidates, and is…

FridayDec 18, 2009 11:59 am

Pacific Biometrics Inc. (PBME.OB) Changes Name to Pacific Biomarkers, Inc. at Annual Shareholder Meeting

Pacific Biometrics, Inc., a leader in highly specialized lab processes and research services since 1989 supporting clinical trial research by pharmaceutical and diagnostics manufacturers, announced stockholder approval of all three measures put forth at the company's Annual Meeting today, Friday, December 18. A majority vote was achieved December 14 approving a name change for the company to Pacific Biomarkers, Inc., in order to reflect emphasis on this aspect of the business which has come to dominate the company’s activity. As CEO of PBME Ron Helm said, the new name “more accurately reflects both our current and historical strengths”. Helm continued…

FridayDec 18, 2009 11:56 am

Initial Public Offerings (IPO) Market for Life Sciences May be Beginning to Take Hold Once Again

Watching the markets and recent economic trends, one might readily understand why the market for initial public offerings (IPO) has been less active. These first time offerings of stock, for up and coming companies, all but dried up as the world economic climate shifted and found access to capital difficult. Two years later, this particular situation may be beginning to shift as well. Capital appears to be slowly finding its way back into the market. Venture capital (although slowly) seems to also be finding opportunity as companies on the verge of success are thinking now may be the time to…

FridayDec 18, 2009 11:33 am

New Export Division to Launch at General Automotive Company (GNAU.OB)

One company that has started to climb up the ladder is General Automotive Company. Based in Orlando, Florida, General Automotive is focused on expanding its operating growth platform through multiple and ongoing acquisitions of successful niche manufacturing companies within the automotive industry. Today, General Automotive Company took a major step towards enhancing their future with the announcement that they have launched an export sales division for the purpose of expanding its distribution abroad. From a historical standpoint, General Automotive Company has maintained its sales and distribution efforts within the borders of the United States but with this announcement, the young…

FridayDec 18, 2009 11:30 am

Norsat International (NSATF.OB) Invests $1.2 Million in Africa

Norsat International Inc., provider of satellite based solutions for high speed data transmission, has announced that it is investing $1,200,000 in Tonse Solutions, a wireless broadband operator in Malawi, Africa. $500,000 of the investment will represent a 19.99% equity stake in Tonse, and the remaining $700,000 will be in the form of a 3-year convertible bond carrying an interest rate of 10%. In conjunction with this investment, Norsat has received a purchase order from Tonse for $1,000,000 worth of wireless equipment and software to build a wireless broadband system in Lilongwe, the capital of Malawi. Tonse, based in Lilongwe, is…

FridayDec 18, 2009 11:13 am

Deep Down, Inc. (DPDW.OB) Continues to Grow its Intellectual Portfolio

Deep Down, Inc. announced today that its wholly-owned subsidiary, Flotation Technologies, has been awarded a patent number US 7,628,665 B1 by the United States Patent and Trademark Office for "Drilling Riser Buoyancy Modules". In summary, the granted patent provides broad protection for the design of the CoreTec™ Drilling Riser Buoyancy Module. Drilling riser buoyancy modules are attached to the outside of a drilling riser string to provide buoyancy, offsetting a percentage of the weight. By adding these modules, companies are able to drill in deeper water. These drilling riser buoyancy modules are subjected to extremely rough handling which can cause…

FridayDec 18, 2009 11:06 am

ERF Wireless (ERFW.OB) Receives $4.7+ Million Order for Mobile Broadband Trailers

ERF Wireless, a leading provider of enterprise-class wireless and broadband products and services, announced earlier today that the company entered into a $4.740,250.00 agreement with a major manufacturer to produce additional Mobile Broadband Trailers (MBTs) that will deploy the company’s high-speed wireless broadband digital-oilfield solutions into oil and gas drilling operations throughout North America. According to Dr. H. Dean Cubley, CEO of ERF Wireless, “This agreement underscores the financial commitment ERF Wireless has made to expand the company’s capability to service the communications requirements of all its oil and gas drilling customers throughout North America, under existing as well as…

FridayDec 18, 2009 9:53 am

Measuring the Jobs Situation

Headline Unemployment Rate Is a Tiny Facet of Overall Picture Most people understand that a rising jobless rate is one of the hallmarks of a shrinking economy. But the national unemployment rate does not always reveal a complete picture of the jobs outlook. For example, when the downturn began in December 2007, the unemployment rate was a mere 4.9% — hardly the stuff of recessions. Employment tends to be a lagging indicator because most employers will cut back on other expenses in order to avoid layoffs for as long as possible. Moreover, when conditions begin to improve, employers may avoid…

FridayDec 18, 2009 9:52 am

Moving Forward from the Credit Crisis

On Monday, September 15, 2008, the country awoke to news that three of the nation’s largest financial institutions were unable to survive without help. Merrill Lynch found a buyout partner in Bank of America. AIG was able to secure funding from federal sources. Lehman Brothers, however, was unable to secure a lifeline and the firm filed for bankruptcy, the largest in history and a major spark that set off the global financial crisis. In a matter of days, the nation’s financial structure had changed. By now, this story is painfully familiar to most investors, who watched portfolios and retirement account…

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