Blog - Page 3866 of 5582

ThursdayJan 07, 2010 1:39 pm

Gasoline Prices Hit 15-Month High

Just seven days into the new year and pump prices have surged past 2009 highs. With the average gallon of gasoline about $2.71 a gallon, a typical motorist using 50 gallons of gasoline a month will pay about $135 a month to fuel up. Last year at the height of the economic crisis, the average consumer was paying only about $85 a month. In less than a month, crude oil prices have jumped 20 percent and yesterday surpassed the 2009 high. This has, in turn, propelled gasoline prices to a 15-month high. With the increase in fuel prices, Americans are…

ThursdayJan 07, 2010 1:12 pm

Glowpoint Inc. (GLOW.OB) Ups YoY Revenue Guidance by 30% on Strategic Partnership-Fueled Growth

Glowpoint Inc. provides carrier-grade managed telepresence and video communications services in more than 35 countries. The company yesterday increased its year-over-year monthly recurring core revenue guidance for the 2009 fourth quarter by 30 percent to a 13-percent increase. This new number reflects a year of record results fueled by continued gross margin improvement; record second-quarter revenue; unprecedented numbers of video conference and telepresence calls; and record video calling traffic volumes on the company’s cloud-based infrastructure and Telepresence interExchange Network (TEN). The company was also successful in securing new strategic partnerships, as well as the expansion of existing ones, creating a…

ThursdayJan 07, 2010 1:09 pm

Viking Systems, Inc. (VKNG.OB) Secures $5 Million Equity Line

Viking Systems Inc. is a leading worldwide developer, manufacturer and supplier of 2D and 3D visualization solutions for the medical market. The company provides surgeons with proprietary visualization systems enabling minimally invasive surgical procedures that reduce patient trauma and recovery time. The company announced today that it has entered into an investment agreement for a $5 million equity line with Dutchess Opportunity Fund. Dutchess Capital is an investment manager which provides creative financing for promising, growth-stage companies. Under terms of the agreement, Dutchess has committed to purchase up to $5 million of the company's stock over thirty-six months. While the…

ThursdayJan 07, 2010 1:08 pm

Simulated Environment Concepts, Inc. (SMEV.PK) Goes to the Doctor

Simulated Environment Concepts, Inc., provider of the innovative Spa Capsule®, a self-contained massage and sensory therapy system, wants to make it clear that their product is far more than just the latest feel-good technology. It has real medical benefits, both physical and psychological, and is used by a variety of doctors. Spa Capsule, in case you haven’t seen it on TV news shows or promotional videos, is an award winning fusion of hydro massage, aromatherapy, and audio/visual stimulation, designed by doctors to de-stress the body. According to a Harvard study, between 60% and 90% of all medical office visits in…

ThursdayJan 07, 2010 12:20 pm

Kodiak Oil & Gas Corp. (KOG) Looks to be Making its Move in 2010

Within the natural resources marketplace, timing is everything. Experience, leases, rising prices and equipment are all key ingredients to success. If an investor can find all four elements to form a perfect storm, profit will happen. Kodiak Oil and Gas Corp., an oil and gas exploration company, works to find, exploit and develop oil and natural gas deposits primarily in Montana, North Dakota and Wyoming. The company also controls leases in Colorado. At the end of 2008, the company estimated its reserves at approximately 1.2 billion cubic feet of natural gas and 344,000 barrels of oil. From the company's recently…

ThursdayJan 07, 2010 12:14 pm

China Medicine Corp. (CHME.OB) Enters Into $69.6M Stock Subscription Agreement with One Equity Partners

China Medicine Corp. today announced entrance into a Stock Subscription Agreement (the “Agreement”) with One Equity Partners (OEP) for an equity private placement. This marks the first major investment by OEP, which is the global private equity investment arm of JPMorgan Chase & Co. in China, and is accordant with the firm’s strategy of developing aspiring management teams. Registered in Delaware, CHME develops and distributes a number of proprietary pharmaceuticals to wholesalers worldwide, including prescription and over-the-counter (OTC) drugs, as well as nutraceuticals, devices and traditional Chinese medicine products such as formulations, herbs and supplements. Under terms of the Agreement,…

ThursdayJan 07, 2010 12:10 pm

Newport Digital Technologies, Inc. (NPDT.OB) Highlights its Products

With today’s focus on information technology, consumers and business owners alike need companies that offer products designed to aid in the effortless participation in the wireless community. Newport Digital Technologies Inc., a wireless solutions provider, meets its customers’ needs through its world-class technological expertise and creativity. Newport Digital focuses on the design and implementation of innovative end-to-end solutions designed to enable its customers to take full advantage of the increasingly sophisticated and intelligent applications generated by a new generation of wireless broadband networks. With a mission to “bring tangible value to your invaluable business,” NDT is customer focused and in…

ThursdayJan 07, 2010 10:33 am

Access Pharmaceuticals, Inc. (ACCP.OB) Completes ProLindac Monotherapy Trial and Initiates Combination Study

Access Pharmaceuticals, Inc. announced this morning that it has completed enrollment and evaluation of the last additional group of patients in the ongoing clinical study of ProLindac as a monotherapy in ovarian cancer patients who have received at least two prior platinum based treatment regimens. The additional group of 8 patients received the ProLindac batch made by an improved scalable process, which will be used on a larger scale for future clinical and commercial supplies. According to the press release, none of the patients experienced any acute significant adverse events. In addition, treatment had the same beneficial pharmacodynamic effect seen…

ThursdayJan 07, 2010 10:11 am

NetSol Technologies, Inc. (NTWK) is Significantly Undervalued at Today’s Prices

NetSol Technologies Inc. is a worldwide provider of global business services and enterprise application solutions. The company has a global footprint with operations in such diverse locations as San Francisco, Beijing, London, Adelaide, Riyadh and Bangkok. This broad physical base of operations is an example of NetSol's corporate philosophy of seamless integration as exemplified by their core BestShoring practices, which are designed to eliminate the normal risks associated with outsourcing. Netsol's operating trends have moved nicely toward the positive and the company appears to be well positioned with its core product offerings as it expands into new international market opportunities.…

ThursdayJan 07, 2010 9:31 am

GM Talks CEO Appointment, Government Repayment and Saab Deal

According to General Motors’ interim CEO, the company’s new chief financial officer Chris Liddell is in the running to take seat of the CEO position. Liddell left his post at Microsoft, making him the first permanent top manager hired from outside GM since the company emerged from bankruptcy in July. After suffering crushing blows like the rest of the automotive industry, GM is majority owned by the federal government. Despite a crackdown on executive pay, Liddell was granted an exemption from government-imposed pay caps. He will be paid $750,000 this year, and if the company is successful in selling shares…

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