Blog - Page 3848 of 5772

TuesdayJul 20, 2010 8:14 am

Tactical Air Defense Services, Inc. (TADF.OB) Announces Update on Acquisition of a Colombian Defense Services Contractor

Tactical Air Defense Services, Inc., an aerospace / defense services contractor that provides air-combat training, aerial refueling, aircraft maintenance, disaster relief services and other services to U.S. and foreign militaries and agencies, recently announced that the company has signed a memorandum of understanding to acquire Sudamin A&D S.A., a Colombian defense services contractor. Sudamin has successfully provided defense related services and equipment to the Colombian Armed Forces for over 10 years. In addition the company has secured partnerships with numerous well-established aircraft and defense equipment manufacturers. Sudamin offers a wide range of military equipment and a comprehensive menu of services…

TuesdayJul 20, 2010 8:12 am

Deltron (DTRO.OB) Announces Proprietary Product Sale to Matthews Studio Equipment Inc.

Deltron Inc. today announced that Matthews Studio Equipment Inc., a leading provider of lighting and camera hardware, has purchased high-end polyurethane wheels from its wholly owned manufacturing subsidiary Elasco. Matthews Studio Equipment designs specialized equipment for the entertainment industry, catering to customers in more than 60 countries around the world. The studio equipment company needed a solution to vibration issues it was having with the dollies that carry film cameras across segmented tracks, which ultimately could affect motion picture quality. In response, Elasco created a proprietary polyurethane formulation and wheel design to prevent compression set, provide shock absorption, with the…

TuesdayJul 20, 2010 7:49 am

Simulated Environment Concepts, Inc. (SMEV.PK) Continues to Expand Internationally with Additional Multi-Million Dollar International Production Deal

Simulated Environment Concepts, makers of the high pressurized dry water massage and relaxation station SpaCapsule, announced today that it has contracted with the United Arab Emirates company I. SEPTA Co., LTD., to secure a multi-million dollar deal to manufacture more than 150 SpaCapsules for the Middle Eastern Region. "This is a significant milestone," commented Dr. Ilya Spivak, Marketing Director of Simulated Environment Concepts (SE Concepts). "The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning…

TuesdayJul 20, 2010 7:40 am

NetSol Technologies, Inc. (NTWK) Announces Upgrade Agreement with Singers Healthcare Finance Limited

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning announced that the Company has signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Limited ("SHFL"), one of the UK's leading providers of leasing solutions to the healthcare industry. As terms of the agreement, SHFL will upgrade to the latest version of NetSol's LeaseSoft asset management solution. With this upgrade, SHFL will gain a large number of functionality enhancements, including specific enhancements to support SHFL's expanding business within the healthcare equipment leasing industry. Susan Hinton-Smith, CEO of SHFL, commented, "We have enjoyed a successful…

MondayJul 19, 2010 3:40 pm

CleanTech Innovations, Inc.’s (EVCPD.OB) Success Prompts Move to NASDAQ

CleanTech Innovations, Inc., www.ctiproduct.com – a US-based leader in the rapidly growing Chinese market for technologies which ameliorate air pollution and energy consumption concerns with its innovative pressure vessels, bellow expansion joints and wind towers, broke the word of its application to list the Company’s common stock on the NASDAQ today. Chairman and CEO of CleanTech, Ms. Bei Lu, pledged circumspect adherence to protocols and the full faith and cooperation of the Company in working with NASDAQ listing staff members towards an expedient approval. Ms. Bei Lu called the move to NASDAQ a “natural progression for CleanTech”, which has seen…

MondayJul 19, 2010 3:37 pm

Voyager Oil & Gas, Inc. (VYOG.OB) Issues Operational Status Update

Voyager Oil & Gas, Inc., www.voyageroil.com – the Billings, Montana-based firm engaged in exploration and production on some 147k total net acres in the US, with the majority of its efforts in oil shale, took some time to provide a drilling and completion update on its major prospects today. CEO of VYOG, J.R. Reger, projected that the Company’s aggressive leasing in the Williston Basin Bakken/Three Forks would continue, and that development programs in the D-J Basin Niobrara and Tiger Ridge Gas field would proceed apace as VYOG is fully capitalized to execute on its acquisition and development strategy. Reger noted…

MondayJul 19, 2010 12:51 pm

Micro Identification Technologies, Inc. (MMTC.OB) – A Leader in Bacterial Detection and Food Safety

Micro Identification Technologies Inc. is focused on becoming a global leader in developing and marketing products and processes that detect and identify microbial organisms for the food safety and health care industries. The company believes that its MIT 1000 system will be able to replace current bacterial detection and identification methods. Current methods of taking a culture and sending it to a laboratory are both costly and time-consuming (48-72 hours). The portable MIT 1000 system will cut costs to only $0.10 a test and reduce the identification time down to mere hours. The MIT 1000 system requires only a small…

MondayJul 19, 2010 12:34 pm

RADA Electronic Industries (RADA) Tallies $3.1 Million in Q2 Product Orders

RADA Electronic Industries Ltd., an Israel-based defense electronics contractor, today announced that during the second quarter of 2010 it has received follow-on production and maintenance orders totaling more than $3.1 million. The company develops, produces and markets Data Recording and Management Systems such as digital video and data recorders, ground debriefing stations, head-up display cameras and more for air and land applications, as well as avionics solutions and other relative technology. "We are seeing a steady increase in the company's backlog and sales. We believe this growth is indicative of the company's improved business performance as well as customer confidence…

MondayJul 19, 2010 11:02 am

Severn Bancorp, Inc. (SVBI) Reports Second Quarter Earnings

Severn Bancorp, Inc. reported results for the second quarter of 2010 ending 6/30/2010. The company earned net income of $0.59 million, or $0.02 per diluted share, compared to a net loss of $6.9 million, or ($0.73) per diluted share, in the second quarter of 2009. The management of Severn Bancorp, Inc. expressed relief at the return to profitability at the bank, but cautioned that a weak economy with high unemployment would continue to impact results. Alan J. Hyatt, the CEO of Severn Bancorp, Inc., said, “We are gratified by these results and are pleased that our hard work is resulting…

MondayJul 19, 2010 11:01 am

Evolution Petroleum Corp. (EPM) Signs JV to Develop Portfolio of Properties

Evolution Petroleum Corp. signed a joint venture agreement with an unnamed private oil and gas company to develop the company’s properties. Evolution Petroleum Corporation said that the agreement covered five horizontal wells in the Giddings Field located in Central Texas. The company’s properties in the Giddings Field are in Burleson and Grimes County. The five horizontal wells will target several different producing oil and gas zones including the Austin Chalk and Georgetown formations. The company said that a typical well here produces approximately an equal proportion of crude oil, natural gas and natural gas liquids. Robert Herlin, the CEO of…

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