Blog - Page 3847 of 5708

ThursdayMay 20, 2010 3:18 pm

Magellan Petroleum Corp. (MPET) Announces $15.6 Equity Agreement with Young Energy Prize

Magellan Petroleum Corp. recently announced a term sheet agreement with Young Energy Prize S.A. (YEP), outlining an agreement in principle for an additional investment of $15.6 million from YEP in Magellan. Currently, YEP owns approximately 27 percent of the outstanding shares of Magellan’s common stock; upon closing of the transaction announced, YEP will own approximately 33 percent of the Magellan’s Common Stock. Magellan’s president and CEO William H. Hastings said part of the equity will be used for its offshore work in Australia, with other portions contributing to various projects. “This is the first step in the financing process for…

ThursdayMay 20, 2010 3:16 pm

Solar Power Inc. (SOPW.OB) Inks Design and Construction Contract with BLT Enterprises

Integrated solar developer Solar Power Inc. today announced a contract with BLT Enterprises in which Solar Power will design and construct a 397 kW photovoltaic (PV) solar system for BLT Enterprises’ Fremont Recycling and Transfer Station (FRTS) in California. FRTS is responsible for the recycling and disposal needs for residents of Fremont, Newark and Union City, California. In 2009, FRTS recycled nearly 14,000 tons of material. Implementing Solar Power’s PV system with BLT’s current green initiatives will position it as one of the most environmentally friendly operations in the San Francisco Bay Area. “We are very pleased to be adding…

ThursdayMay 20, 2010 2:42 pm

International Isotopes Inc. (INIS) Reports Small Loss in First Quarter of 2010

International Isotopes Inc. reported a net loss of $1.2 million in the first quarter of 2010, which ended 3/31/2010. The company lost $0.60 million in the same quarter in 2009. International Isotopes Inc. attributed the higher net loss to increased expenditures on research and development expenses, and higher manufacturing expenses related to the conversion of facilities to other uses. International Isotopes Inc. reported that revenue in the first quarter of 2010 was $1.3 million, a 35% decline from the same quarter in 2009. The management of International Isotopes Inc. noted that a supply disruption in its nuclear medicine business segment…

ThursdayMay 20, 2010 2:40 pm

Power3 Medical Products, Inc. (PWRM.OB) Develops Alzheimer’s Breakthrough

Power3 Medical Products, Inc., www.power3medical.com – one of the foremost biotech operations specializing in cancer and neurodegenerative diagnostics, specifically Alzheimer’s, Parkinson’s and Lou Gehrig’s disease (amyotrophic lateral sclerosis or ALS), announced an amazing new breakthrough discovery today in conjunction with renown psychiatrist Lourdes R. Bosquez, MD. The Company’s leading Alzheimer’s diagnostic, NuroPro®, proved a hitherto unknown pharmaceutical ability to actually flag and track responses to drug treatment, as clinically distinct differences were detected in the response of NuroPro biomarkers in untreated patients when compared to those treated with the leading anti-dementia drugs Aricept® (Donepezil HCl, Pfizer), Exelon® (Rivastigmine, Novartis), and…

ThursdayMay 20, 2010 2:35 pm

Brazil Gold Corp. (BRZG.OB) to Acquire 2.1M Acres of Prime Gold Acreage in Brazil

Brazil Gold Corp., www.brazilgold.com, today disclosed from their HQ in Seattle, Washington details regarding a definitive acquisition agreement with Swiss corporation Rusheen Handels AG, whereby BRZG will acquire all controlling interests currently held by Rusheen (99% ownership equivalent) in the Brazilian mineral exploration concern, Amazonia Capital e Partipacoes Ltda., which maintains exclusive rights to a resource-dense 2.125M-acre mineral patch in Brazil’s Amazon Basin. The formal transfer is projected for completion prior to June this year, as the agreement essentially supersedes the previously announced letter of intent issued by the Company, which will take possession of Rusheen’s stake in Amazonia in…

ThursdayMay 20, 2010 1:57 pm

Newport Digital Technologies, Inc. (NPDT.OB) Led by a Well Rounded Management Team

More than most other companies, Newport Digital Technologies Inc., a leading worldwide provider of WiMAX and related solutions, is dependent upon a management team that is not only technologically savvy, but comfortable in a global environment. • Chairman – Mr. Richard Damion Founder of the company, Richard Damion is one of the country’s premier enterprise builders. He has over 40 years of experience developing, operating, and selling numerous enterprises. By forming a close collaboration with a huge pool of Taiwan’s best R&D professionals in the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI), both based in…

ThursdayMay 20, 2010 1:37 pm

Paradigm Oil and Gas, Inc. (PDGO.OB) Board Creates New Subsidiary

Today it was announced that Paradigm Oil and Gas, Inc.'s Board of Directors has decided to create a 100% owned technology and service subsidiary, Paradigm Technology Solutions Inc. The new company, whose creation received a unanimous vote, will manage and run the company’s technology and service assets. "We are committed to acquiring new and proprietary technologies in the oil industry to advance our position as a leader in the energy sector." stated Mr. Marc Juliar, Chief Executive Officer of Paradigm Oil and Gas, Inc. "Over the last several weeks, our management team has evaluated a portfolio of leading-edge, technologies and…

ThursdayMay 20, 2010 1:33 pm

Bontan Corporation Inc. (BNTNF.OB) Receives Government Approval of Offshore Licenses

Bontan Corporation Inc. announced that the government of Israel officially confirmed the validity of 2 offshore oil and gas licenses held by the company. Bontan Corporation Inc. said that the Israeli Ministry of National Infrastructure sent a letter to the company in May 2010 stating that the 347/Myra and 348/ Sarah licenses were valid. The company has an 11% net working interest in both offshore licenses. The Israeli Ministry of National Infrastructure also approved changes to the development program drafted by Bontan Corporation Inc. and its two partners in the venture. Bontan Corporation Inc. said that the first stage of…

ThursdayMay 20, 2010 11:58 am

OriginOil, Inc. (OOIL.OB) Launches First Mobile Extraction Lab to Potential Customers

OriginOil Inc. is the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum. The company's technology will produce “new oil” from algae through a cost-effective, high-speed manufacturing process. Details on the OriginOil's technology can be found at its website www.originoil.com. The company today announced that it recently launched MAZ ONE, its first mobile algae extraction laboratory. The trailer-based system will visit algae producing companies in the United States to demonstrate how OriginOil's Single Step Extraction Process can help them harvest their algae efficiently and cost-effectively. The system is…

ThursdayMay 20, 2010 11:56 am

AlumiFuel Power Corp. (AFPW.OB) Subsidiary Receives First Purchase Order for Its Commercialized Cartridges

AlumiFuel Power, a wholly-owned subsidiary of AlimiFuel Power Corp., is an early-stage production company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water and proprietary additives. This technology is ideally suited for niche applications requiring on-site, on-demand fuel sources. The company announced today that it has received the first purchase order for AlumiFuel cartridges for its Portable Balloon Inflation System PBIS-1000 portable hydrogen generator. The order was received from Kaymont Consolidated Industries – the world's largest distributor of weather balloons and the company's partner for lift-gas applications – on behalf of an unspecified military customer.…

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