Blog - Page 3896 of 5626

MondayJan 25, 2010 10:30 am

Intelligent Communication Enterprise Corp. (ICMC.OB) Acquires Solesys S.A.

Intelligent Communication Enterprise Corp. announced this morning that it has acquired all of the outstanding shares of Solesys S.A. Based in Switzerland, Solesys has developed next-generation solutions for the premium mobile market. According to the press release, Solesys was acquired for US $9.6 million in Intelligent Communication stock. "Solesys has technology that has the potential to revolutionize the mobile marketing world. It will be a great complement to our mobile marketing subsidiary Radius-ED. In addition, Solesys' next-generation platform can be immediately implemented in our other divisions," stated Luther Jao, Intelligent Communication CEO. "This acquisition of Solesys and its next-generation platform…

MondayJan 25, 2010 10:22 am

Titan Energy Worldwide, Inc. (TEWI.OB) Subsidiary to Service 52 Major Retail Stores

Titan Energy Worldwide, Inc. announced today shortly before the opening bell that Grove Power, Inc., its Florida-based subsidiary, has been chosen to service the power generation equipment for 52 new stores in Florida of a national "big box" retailer. Including this new addition, Titan Energy now services 153 of this retailer's stores, including 101 facilities located in the Midwest. Thomas Black, Chief Operating Officer of Titan Energy, stated, "The award of these fifty-two new stores to our Grove Power service program is a strong validation of Titan Energy's growing national reputation in the power generation industry and shows the strength…

MondayJan 25, 2010 10:09 am

Gastar Exploration Ltd. (GST) Announces Results from Its First Vertical Marcellus Well

Gastar Exploration Ltd., an exploration and production company focused on finding and developing natural gas assets in North America, recently announced the results from its first vertical Marcellus well, the James Yoho #1. The well has been tested at a stabilized gross rate of 1.5 million cubic feet of natural gas per day and 120 barrels of condensate per day. These results were generated with no water production and approximately 1000 psi of flowing tubing pressure. Gastar Exploration holds a 100 percent working interest (81.5 percent net revenue interest) in the well and has acquired approximately 36,000 net acres in…

MondayJan 25, 2010 8:42 am

Medical Care Technologies, Inc. (MDCE.OB) Completes Tele-Health Suite Technology

Friday, Medical Care Technologies Inc. announced the completion of its Tele-Health™ Suite 6.17 technology designed to treat congestive heart failure (CHF). CHF home patients can use the Tele-Health technology to remotely answer health related questions; the process is supplemented with medical parameters including blood pressure and weight. Data analysis is performed automatically by Tele-Health™ Suite and then sent and reviewed by a healthcare professional. A study by the Department of Community and Family Medicine, School of Public Health, Faculty of Medicine, and Chinese University of Hong Kong found that coronary heart disease accounts for 22% of cardiovascular deaths in urban…

MondayJan 25, 2010 8:37 am

Signature Exploration and Production Co. (SXLP.OB) Releases Information on Oil Fields

Signature Exploration and Production Corp. recently released information regarding its Koliba Prospect oil fields in Victoria County, TX. In the Koliba Prospect, which is a 173-acre lease, the company has identified three significant target zones. The Koliba Prospect will be drilled 250 feet from an existing large producing well, and is considered a low risk / high reward prospect due to its proximity to previous wells. According to the Texas Railroad Commission, the Placedo, Heyser, McFaddin, Hog Bayou and E. Sheriff fields (all contained in the Project) have produced approximately 159 million barrels of oil and 1.8 trillion cubic feet…

MondayJan 25, 2010 8:33 am

White Mountains Insurance Group, Ltd. (WTM) Subsidiary to Buy Small Nebraska Insurance Company

Last week, White Mountains Re Ltd. announced that it has signed a definitive agreement to purchase Central National Insurance Company of Omaha for $5 million. The seller was Drum Financial Corporation, which has been operating the insurance company since 1990 under an order by the Nebraska Department of Insurance Allan Waters, the CEO of White Mountains Re, said, “We are very pleased by the terms of this transaction put together by the White Mountains Re Solutions team. Although modest in size, this transaction continues our long history of building shareholder value through acquisitions of runoff insurance and reinsurance companies.” Central…

FridayJan 22, 2010 4:36 pm

Consorteum Holdings Inc. (CSRH.OB) to Extend Global Reach through Strategic Business Plan and Partnership Agreements

Consorteum Holdings Inc. scopes out global opportunities in the financial services, payment and transaction processing marketplace. The company then works to develop “right source solutions” for companies looking to maximize their business potential. To execute this strategy, Consoretum has established relationships with technology partners around the world to create customized solutions for its diverse clients. The company offers a suite of technologies that are designed around each customer’s needs. Those technologies include payroll cards; re-loadable prepaid cards; gift cards; benefit, rebate and loyalty cards; and merchant discount rates. Services include specialized consulting services, customizable technology solutions, end-to-end project management, sales…

FridayJan 22, 2010 4:31 pm

RINO International Corp. (RINO) Signs Sinter Flue Gas Desulphurization Contract with Chinese Firm

RINO International Corp. is an industrial technology-based environmental protection and remediation company based in China. Through their subsidiaries and affiliates in China, the company is in the business of designing, manufacturing, installing and servicing wastewater treatment and exhaust emission desulphurization equipment principally for use in China's iron and steel industry. The company announced today that it signed sinter flue gas desulphurization build-operate-transfer (BOT) contracts with Shougang Jiantang Iron & Steel Company Ltd. The BOT contracts consist of a build contract and an operating contract, valued at a total of $118 million. The project commenced at the Hebei Province Tangshan City…

FridayJan 22, 2010 4:03 pm

LightPath Technologies Inc. (LPTH) Reports Significant Sales Increase for Q2 2010

LightPath Technologies Inc. manufactures optical products, glass products, packing solutions and more. The company recently released projections for its second-quarter results of 2010, highlighting millions in backlogs, and increases in cash and revenues. For the second quarter of 2010, the company projects backlog scheduled for shipping in the next 12 months at $4.0 million, up $900,000, or 29 percent, as compared to a backlog of $3.1 million on December 31, 2008. The backlog represents a $1.7 million, or 74 percent, increase as compared to the backlog on June 30, 2009. The company reports cash on hand as of December 31,…

FridayJan 22, 2010 1:33 pm

President Obama’s Pushback on Banks Sends Stocks Lower Again

Stocks retreated Friday for a third straight day on fresh concerns about President Obama's proposed restrictions on banks. The market is extending losses that gave the Dow Jones Industrial Average its biggest two-day drop since June 2009. It had lost 336 points, or 3.1 percent, over the past two trading days. President Obama spooked the stock market on Thursday after asking Congress for limits on how large big banks can be and to put an end to some of the risky trading large financial companies have used in recent quarters to boost their profits. Some in the Obama Administration feel…

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