Blog - Page 3896 of 5602

WednesdayDec 23, 2009 9:31 am

Li3 Energy, Inc. (LIEG.OB) Completes Final Phase of Offering

Li3 Energy, Inc. completed a private placement offering of 1.76 million units to a group of accredited and institutional investors at a price of $0.25 per unit. The company raised $440,000 in gross proceeds in this phase of the offering. Li3 Energy, Inc. said there was strong demand for the offering. The entire private placement consisted of the sale of 14 million units, raising $3.5 million in gross proceeds. The units issued by Li3 Energy, Inc. consisted of one share of common stock and two warrants. The first warrant entitles the holder to purchase one half of a share of…

WednesdayDec 23, 2009 9:29 am

First Bankshares, Inc. (SUFB) Completes Merger with Xenith Corporation

First Bankshares, Inc. (SUFB) has completed its merger with the Xenith Corporation. The combined companies will now operate as Xenith Bankshares, Inc. under a bank holding company structure. First Bankshares, Inc. shareholders received $9.23 per share for a prorated 49% of shares that were validly voted in favor of the merger. All other shares of First Bankshares, Inc. were converted to shares of Xenith Bankshares, Inc. at a one to one ratio. Shareholders of Xenith Corporation received 0.87 shares of Xenith Bankshares, Inc. in exchange for each share owned. Xenith Bankshares, Inc. will trade under the new symbol XBKS on…

WednesdayDec 23, 2009 9:27 am

AGR Tools, Inc. (AGRT.OB) Announces Expansion of Distribution Network into the Tennessee Market

AGR Tools, Inc., a major supplier of diamond tools and adhesives, recently announced that the company has expanded its distribution network into Nashville and the Middle Tennessee markets, a multimillion dollar diamond tool market. Representing an important step in achieving the expansion objectives the company has outlined for 2009, this new territory adds to AGR’s growing list of distribution centers throughout North America, which now totals 22 distribution outlets in 15 states and provinces in the United States and Canada. AGR is the only major manufacturer of diamond tools that markets and distributes its products directly to customers in the…

WednesdayDec 23, 2009 9:20 am

eDoorways Corp. (EDWY.PK) Announces Successful Completion of Stress Tests on “SOLVE” Beta v1.0

eDoorways Corporation announced that it has completed the primary series of stress tests on the first beta version of its "SOLVE" doorway. Only the user acceptance test remains to declare the platform "road ready," According to the press release, Kimmons and his leadership team were abuzz with excitement last night as they looked forward to this morning's peer review. Gary Kimmons, Chairman & CEO of eDoorways Corporation, stated, "We have put the platform through many rigorous paces, and it has performed up to the expectations we've envisioned for our first version of the 'SOLVE' beta. For the past two years…

TuesdayDec 22, 2009 4:30 pm

Arrayit Corp. (ARYC.OB) Achieves Technological Breakthrough

Today, life sciences and healthcare technology leader Arrayit Corporation announced that they recently made a technological breakthrough in the speed and efficiency in the manufacturing of its proprietary microarrays. The advance allows highly precise printing of as many as 2.4 million microarrays per year with a single robotic workstation, a significant increase over the current annual capacity of 640,000 microarrays per instrument. Todd Martinsky, Arrayit Executive Vice President and Co-Founder, commented, "This technological advance represents an engineering tour de force that combines our expertise in laboratory automation, linear drive robotics, micromachining, surface chemistry and contact printing. Leveraging our core tech…

TuesdayDec 22, 2009 3:41 pm

Another QualityStocks Newsletter Featured Company at 52-Week High

China Tel Group Inc. (CHTL.OB) traded at a 52-week high price of $1.09 per share today. The stock was up $0.05, or nearly 5%, alone today on solid volume of about 1 million shares. The company was initially mentioned in the QualityStocks FREE Daily Newsletter back on June 9, 2009, when the stock was trading for only $0.45 per share. Investors who purchased the shares at that time are sitting on a tidy 120% profit in just over 6 months. China Tel Group provides fixed-line phone service and long distance services along with high-speed wireless broadband and telecommunications infrastructure engineering and…

TuesdayDec 22, 2009 3:32 pm

eDoorways Corp. (EDWY.PK) Meets Requirements to Resolve Caveat Emptor

eDoorways Corp.’s Director of Operations, Lance Kimmons, announced today that the company completed filing all of what appears to be required for OTC/Pinksheets and its website. "The information required for the Pinksheets is rather extensive and exhaustive," stated Lance Kimmons. "Much like the SEC audit, the information requested was in depth and in some instances very specific to Pinksheets." "As I reported last week, initially we immediately reapplied to the Pinksheet website via the OTC Disclosure and News Service. We then executed the OTC I.Q. Agreement for OTCIQ.com and paid the $500 application fee along with the $3,000 annual fee.…

TuesdayDec 22, 2009 3:17 pm

Muscle Flex, Inc. (MFLI.PK) Details Its Online Marketing Strategy for VATA Brasil Sports & Active Wear Collection for Women

Muscle Flex Inc. provided investors with details regarding its online marketing strategy for its Muscle Flex VATA Brasil(TM) Sports and Active Wear Collection planned for January 2010. The company aims to initially launch the Muscle Flex VATA Brasil line with a focused and targeted online campaign that will include a number of component parts to market the brand directly to a female fitness audience from ages 25-55. Muscle Flex’s strategy has been designed to achieve the following: 1. Increase search rankings on all major search engines for the key words associated with female fitness which includes: female fitness, workout apparel,…

TuesdayDec 22, 2009 1:21 pm

Derma Sciences Inc. (DSCI.OB) Completes Worldwide Licensing Agreement for Honey-Based Wound Care Technology

Derma Sciences Inc. is a specialty medical device and pharmaceutical company focusing on advanced wound care. The company today announced it has completed an agreement with healthcare product and life science company Comvita New Zealand Ltd. for the worldwide licensing rights for Derma Sciences’ MEDIHONEY wound and skin care products. Comvita dominates worldwide honey production, controlling about 75 percent of global Leptospermum (manuka) honey production, and is the owner of key intellectual property and patents concerning the use of honey in medical dressings. Derma Sciences currently has licensing rights for North and South America only – about one-third of the…

TuesdayDec 22, 2009 1:19 pm

Genoil Inc. (GNOLF.OB) Provides 2009 Shareholder Update; Announces Significant Milestones

Genoil Inc. is a Canada-based international engineering technology development company with innovative hydrocarbon, oil and water separation and maritime technologies. The company today updated its shareholders on the progress made in 2009 and announced that it has received notification from the U.S. Patent Office that it has been allowed its first patent for its sand decontamination technology. Genoil’s sand decontamination technology is designed to clean sand for use in concrete mixing, construction, and for the development of beaches. The company said it anticipates its patent will be granted by the U.S. Patent Office before March 8, 2010. In the press…

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