Blog - Page 3847 of 5549

MondayDec 21, 2009 9:19 am

Few States Add Jobs in Economy’s Slow Recovery

Amidst positive reports of earlier gains, it was reported that more states lost jobs than added in November, indicating that hiring is occurring only sporadically nationwide. Friday's Labor Department report underscored that employers have yet to ramp up hiring. The number of people out of work for six months or more increased last month to 5.9 million, according to a separate report released earlier this month. In some states, signs are emerging of people rejoining the work force to seek jobs as the economy slowly improves. Of the eight states where unemployment rose, five added jobs. All but one saw…

MondayDec 21, 2009 9:15 am

Xenos Group Inc. (XNS.TO) Reports Profit in Fiscal 2009

Xenos Group Inc. reported net income of $1.2 million, or $0.12 per share, in fiscal 2009 (ended 9/30/09). This was down slightly from the $1.5 million, or $0.15 per share, the company earned in fiscal 2008. (All figures in Canadian dollars) Xenos Group Inc. did see positive improvement in two important financial categories: revenues and earnings before interest, taxes, depreciation and amortization (EBITDA). Revenues increased to $17.25 million in fiscal 2009 from $15.9 million in fiscal 2008. EBITDA jumped to $2.45 million from $2.1 million, over the same time frame. Xenos Group Inc. also saw its balance sheet improve during…

MondayDec 21, 2009 8:56 am

Muscle Flex, Inc. (MFLI.PK) Reports Significant Traffic Growth at MuscleFlex.com, MuscleFlexVATA.com and Its YouTube Site

Muscle Flex Inc. today announced that its websites www.MuscleFlex.com, www.MuscleFlexVATA.com and its YouTube site, www.youtube.com/MuscleFlexTV, have experienced a considerable increase in website traffic. Since Thursday, December 17, 2009, based on Google Analytic data, the following information was collected: MuscleFlex.com: 33,744 Unique Visitors MuscleFlexVATA.com: Over 300% Unique Visitor Increase (pro-rated since Dec 1) Avg pages per visit: 34.16 Avg Time on Site: 27 min 19 seconds YouTube: 5467 Views -- BUDDY Viral 7140 Views -- Beagle StepFit 7342 Views -- BUDDY Tablet Caddy Muscle Flex began its online marketing strategy on Thursday of last week. Muscle Flex aims to dramatically increase…

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…

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