Blog - Page 3851 of 5589

MondayFeb 01, 2010 5:07 pm

Energtek, Inc. (EGTK.PK) Announces Initiative to Implement LMP Technology in Africa

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced earlier today plans to implement its natural gas distribution technology in western Africa. The announcement follows a lengthy appraisal of commercial opportunities in the region. Energtek CEO Lev Zaidenberg, CTO Yuri Ginzburg and other staff members recently concluded a series of visits and meetings in Africa. The visits focused on the application of Energtek's proprietary Low-pressure Mobile Pipeline(TM) (LMP) solution for land-transport distribution of indigenous natural gas to industrial and commercial consumers. Additional details are anticipated in the near future. "Many African nations are home…

MondayFeb 01, 2010 4:10 pm

Town and Country Financial Corp. (TWCF) Reports 2009 Profit

Town and Country Financial Corp. reported net income of $1.0 million, or $0.36 per share, for 2009, up sharply from net income of $113,000, or $0.04 per share, in 2008. Town and Country Financial Corporation recorded an after tax charge of $1.8 million, or $0.65 per share, in 2009, to write off bad loans due to the recession and financial crisis. Town and Country Financial Corporation is a bank holding company that owns Town and Country Bank and Logan County Bank, which have 11 branches in Illinois. Town and Country Bank reported total assets of $375 million at the end…

MondayFeb 01, 2010 1:43 pm

FX Energy, Inc. (FXEN) 4Q 09 Production Up 180%

FX Energy, Inc., the independent oil and gas producer operating in the U.S. and Poland, reported 4Q FY 09 production figures today as well as data for all of 09 which clearly show a substantial increase in production. Total production of oil and gas for 4Q 09 amounted to 1.08 billion cubic feet equivalent (Bcfe), a 180% increase over 4Q 08 production figures, and production for all of 09 combined was 2.26 Bcfe, 136% above the 1.67 Bcfe produced in 08. The 4Q production spike is largely attributable to the Roszkow well in Poland coming online in late September 09.…

MondayFeb 01, 2010 1:40 pm

OriginOil, Inc. (OOIL.OB) Debuts Complete Renewable Oil System, Ready to Commercialize

OriginOil, Inc., developers of proprietary technology for manufacturing Straight Vegetable Oil (SVO) on an industrial scale using algae (as well as a remaining biomass which can be gasified), today disclosed details about the entire systems architecture of this revolutionary new process which could replace dependence on fossil fuels. CEO of OOIL Riggs Eckelberry, speaking before an assembled crowd including core investors, press, and influential celebrities, spoke with pride about the hard work of the Company’s team in refining the technologies involved to create “a complete pilot system”. Eckelberry noted how crucial it was to have migrated from R&D to the…

MondayFeb 01, 2010 11:53 am

Achillion Pharmaceuticals Inc. (ACHN) Announces Lead Candidate for Hepatitis C Treatment

The hepatitis C virus (HCV), the most common cause of viral hepatitis, results in inflammation of the liver. The American Association of Liver Disease estimates that more than 170 million people are infected with HCV around the world; without proper treatment, chronic hepatitis can lead to permanent liver damage, including liver failure or death. Despite the statistics, there are currently only few options available for treatment of HCV infection. Achillion Pharmaceuticals Inc. focuses on developing treatments for patients with infectious diseases such as HCV, resistant bacterial infections and HIV. The company today announced its nomination of ACH-2684 as the lead…

MondayFeb 01, 2010 10:59 am

FormCap Corp. (FRMC.PK) Ideally Situated in the Prolific Oil Vicinity of the Permian Basin

FormCap Corp. is an emerging junior company in the oil and gas sector. The company owns 4,900 acres – the Weber City Prospect – in the Permian Basin, an area well known for its hydrocarbon production. The Permian Basin has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas. It is host to over 20 percent of all domestic oil and gas produced in the US. The 'smart' money is investing into Permian Basin assets. For example, ExxonMobil (NYSE: XOM) is buying XTO Energy for $31 billion – the largest US energy takeover since Conoco-Phillips…

MondayFeb 01, 2010 10:44 am

Cephalon Inc. (CEPH) Inks Acquisition Deal with Sales Driven, Swiss Pharmaceutical Company Mepha AG

International biopharmaceutical company Cephalon Inc. today announced it has signed an agreement to acquire Mepha AG, a profitable, privately held, Swiss-based pharmaceutical company, as well as its subsidiaries. Mepha specializes in innovative dosage formulations and markets more than 150 products in 50 countries. In 2009, the company reported sales of approximately CHF 400 million. Mepha’s global reach has enabled it to achieve compound annual growth rates in sales of more than 13 percent over the last five years. The company also has a pipeline of about 50 chemical entities planned over the next five years. For Cephalon, Mepha’s international network…

MondayFeb 01, 2010 10:41 am

Simulated Environment Concepts, Inc. (SMEV.PK) Unique To The Market

Simulated Environment Concepts, Inc., the makers of Spa Capsule®, an award-winning fusion of hydro massage, aromatherapy, and audio/visual stimulation, is essentially alone in a market that they are in the process of redefining. Becoming something of a status symbol, Spa Capsule is a unique fusion of modern technologies and ancient methods of healing. In Europe, the company has just penned a multi-million dollar deal with French company Zen & O to produce 250 SpaCapsules over the next four years. Zen & O, a leader in France’s growing fitness market, is offering massage and therapy solutions at retail locations to consumers…

MondayFeb 01, 2010 10:19 am

Newport Digital Technologies, Inc. (NPDT.OB) Makes its Move Towards Prominence

A company that is starting to become known in the world of technology is Newport Digital Technologies. With headquarters in Newport Beach, California, Newport Digital Technologies (NDT) has made it their mission to provide true value added solutions and products by creating innovative new applications or developing highly integrated systems that make solutions smarter and more unique. One of the aspects that separates NDT from the competition is their rich portfolio of competencies in Radio-Frequency Identification, Digital Signage, WiMAX, VoIP and Security and Surveillance. With a strong team in place, NDT has the state-of-the-art capabilities to deliver complete solutions for…

MondayFeb 01, 2010 9:57 am

Sinobiopharma Inc.’s (SNBP.OB) Flagship Product Covered by China’s Basic Medical Insurance

Sinobiopharma Inc. is a fully integrated specialty biopharmaceutical company in one of the world's fastest growing pharmaceutical markets – China. Known as Dong Ying (Jiangsu) Pharmaceutical Company Ltd. in China, the company's current therapeutic focus is on cardiovascular drugs and anesthesia-assisted agents. The company announced today that the Chinese government has approved the company's flagship product, Ku Tai (Cisatracurium Besylate) for coverage under National Basic Medical Insurance, Employment Injury Insurance and Maternity Insurance. Sinobiopharma's flagship product, which has been on the market since 2006, had not been covered by any medical insurance before the Chinese government granted approval for its…

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