Blog - Page 3847 of 5544

TuesdayDec 15, 2009 2:02 pm

FormCap Corp.’s (FRMC.PK) Recently Issued Corporate Update

FormCap Corporation is a domestic oil and gas exploration and development company. Several weeks ago, the company issued a corporate update to the public and their shareholders. The highlights of the update follow: The company completed the acquisition of the Weber City Prospect located in Curry County, New Mexico. The Weber City Prospect consists of 4,800 acres, all with five-year primary term leases. FormCap now holds 100% working interest and 80% net revenue interest in the acreage. The company has commenced activities in preparation for drilling its initial 7,000 foot well to test four potentially productive hydrocarbon zones – the…

TuesdayDec 15, 2009 1:58 pm

KongZhong Corp. (KONG) Announces Acquisition of Shanghai Dacheng Network

KongZhong Corp. is a leading mobile internet company in China that delivers wireless value-added services to consumers in China through multiple technology platforms – wireless application protocol (WAP), multimedia messaging service (MMS), JAVA, short-messaging service (SMS), interactive voice response (IVR) and color ring-back tone. The company today announced that it has entered into a definite agreement to acquire Shanghai Dacheng Network Technology. Shanghai Dacheng is a leading developer of three-dimensional (3D) massively multi-player online role-playing games based in Beijing and Shanghai. Based on Dacheng's 2010 net profit after tax, as calculated under US GAAP rules, KongZhong would pay up to…

TuesdayDec 15, 2009 1:56 pm

Analysts Anticipate Fed Will Maintain Low Interest Rates

The Federal Reserve is expected to disclose policy directives regarding interest rates this Wednesday, and it is likely that deliberations today and tomorrow will be focused on whether or not to curtail capital injections. Fed Chairman Bernanke will be watched closely for any hint that the Fed will raise interest rates, but presumably the outlook for the time being is that the Fed will not raise the rates. The Fed walks a tightrope with its attempts to manage the economy, having gotten into a position where the infrastructure of the economy itself has become somewhat dependent on stimulus from the…

TuesdayDec 15, 2009 12:58 pm

3DIcon Corp. (TDCP.OB) To Receive Additional OCAST Funding

Today, 3DIcon Corporation, a true volumetric, three-dimension projection and display technology developer, announced that the Oklahoma Center for the Advancement of Science and Technology has completed a performance evaluation of its 2009 CSpace(R) development efforts. With favorable appraisal, 3DIcon is eligible to receive an additional grant of $149,992 during 2010. Added to the $149,940 grant already received from ICASTM, the two-year total will amount to $299,932. The company’s breakthrough 3D technology was featured this fall at the 2009 SPIE Europe Security + Defense Symposium. Additionally, chief technology officer Dr. Hakki Refai's technical paper "Static Volumetric Three-Dimensional Display," about CSpace(R), was…

TuesdayDec 15, 2009 12:49 pm

Clenergen Corp. (CRGE.OB) Generates Power While Helping Environment

Clenergen Corp., a leading developer of biomass power systems based upon cultivated renewable plant resources, is focused on two foundational goals: • To develop and grow high-density, short-rotation biomass crops on a commercial scale at a cost of production equivalent to or less than the price of coal, using a proprietary integrated farming model • To use this resource to produce power through advanced gasification technologies Clenergen is targeting a large gap that exists in attempts to use biomass alone or in conjunction with standard hydrocarbon fuels. Instead of simply concentrating on developing complex engineering solutions to use existing non-uniform…

TuesdayDec 15, 2009 10:47 am

New Energy Systems Group (NEWN.OB) to Acquire Shenzhen NewPower Technology Co., Ltd. for $14.7 Million in Cash and Stock

New Energy Systems Group, a manufacturer and distributor of battery components in China, recently announced that the company has entered into an agreement to acquire Shenzhen NewPower Technology Co., Ltd. for $14.7 million in cash and stock. The transaction, comprised of $3 million in cash and 1.8 million shares of New Energy’s common stock with a value of $11.7 million at $6.42 per share, is set to be completed by the end of 2009. Founded in 2004, Shenzhen NewPower Technology Co. is a rapidly growing manufacturer of lithium ion batteries. The company expects to generate revenue of approximately $20.1 million…

TuesdayDec 15, 2009 10:46 am

The Saint James Company (STJC.OB) Makes Major Play by Retaining CCG Investor Relations

The Saint James Company is a young corporation that is on the rise. Located in Santa Monica, California, Saint James has made a name for itself by specializing in the acquisition and distribution of New World wines. Today it was announced that Saint James has retained CCG Investor Relations to design and execute its strategic investor relations program. The union of Saint James and CCG may be a profitable one that could lead the young company well into the 21st century and guide them on their path of becoming a dominant market force. When asked about being retained by The…

TuesdayDec 15, 2009 10:18 am

eDoorways Corp.’s (EDWY.PK) Management Reaffirms Company’s Excellent Status

eDoorways Corporation Chairman and CEO Gary F. Kimmons announced today that the company is on track for this December’s release of “SOLVE” beta version 1.0 and anticipates having the Caveat Emptor matter rectified by week’s end. “A mid to late December release of ‘SOLVE’ Beta v1.0 is what we assured our shareholders, and this is exactly what we’re going to deliver… a mid to late December release,” said Kimmons. “We will not let our shareholders down.” “We’re currently in the final stages of testing,” he added. “As with any software, this is an ongoing endeavor that can continue until the…

TuesdayDec 15, 2009 9:49 am

Muscle Flex, Inc. (MFLI.PK) to Release the Beagle StepFit, the BUDDY Tablet Caddy and Muscle Flex VATA Brasil Simultaneously Next Month

Muscle Flex Inc. announced this morning that it will be releasing the Beagle StepFit(TM) (www.BuyTheBeagle.com) and the BUDDY Tablet Caddy(TM) (www.GetTheBUDDY.com) together along with the national release of the Muscle Flex VATA Brasil Sports and Active Wear Collection. Subsequent to the successful initial test of the Beagle StepFit, Muscle Flex will release the Beagle and the BUDDY nationally next month. The company will run both commercials simultaneously to reinforce each other and maximize the up-sell components of each product. Furthermore, Muscle Flex will be officially launching its Muscle Flex VATA Brasil Sports and Active Wear Collection nationally through an aggressive…

TuesdayDec 15, 2009 9:27 am

VIASPACE Inc. (VSPC.OB) Subsidiary Files Registration Statement with SEC; Positioned to Ride Next Wave of Renewable Energy Crop

VIASPACE Inc. is an alternative energy company focused on technologies that reduce or eliminate fossil and high-pollutant energy sources. The company’s subsidiary, VIASPACE Green Energy (VGE), grows and markets Giant King Grass, a renewable energy crop. VIASPACE recently announced that VGE filed a registration statement on form S-1 with the Securities and Exchange Commission (SEC) to register shares for public sale. VGE received comments from the SEC and filed an amended S-1 on November 19, 2009. The filing is available on the SEC’s Web site www.SEC.gov under the company name VIASPACE Green Energy. Per the agreement, VIASPACE is required to…

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