Blog - Page 3915 of 5178

WednesdayOct 08, 2008 4:00 am

Rodobo International, Inc. (NVMH.OB) Says Reverse Merger Was Successful

Robobo International, Inc, formerly Harbin Rodobo Dairy Co., Ltd., announced it successfully went public in the United States last week through a planned reverse merger. On Sept. 30, the company folded its holding company, Mega Profit Ltd. of the Cayman Islands, into Navstar Media Holdings, Inc. of Nevada. It then changed its corporate name to Rodobo International, Inc. Rodobo is one of the largest private dairy companies in China, headquartered in Harbin, Heilongjiang Province. It also operates a production facility in Northeast China with a milk processing capacity of 200 tons per day in dairy-based nutritional products for children, pregnant…

WednesdayOct 08, 2008 3:58 am

Zix Corporation (ZIXI) CEO Hails Positive Cash Balance Trend

Zix Corporation (NASDAQ: ZIXI) had $1.2 million in new orders for its e-mail encryption software in the third quarter. In a report issued this week, CEO Rick Spurr highlighted the new orders as one of several postive trends for ZixCorp. Those new orders were among $5.2 million in total orders in the 3Q, with a 95-percent renewal rate for current customers and clients. The company projects a cash balance of $13.1 million to end the third quarter, up slightly over $13 million in the 2nd quarter. Those second quarter results are to be released after the close of financial markets…

WednesdayOct 08, 2008 3:57 am

SCBT Financial Corp. (SCBT): Escaping the Financial Fallout, Delivering for Investors

SCBT Financial (SCBT) is a bank holding company operating in North and South Carolina. SCBT provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans, along with traditional banking services such as checking and savings accounts. The company also offers credit cards and home equity lines of credit, as well as alternative investment products like annuities and mutual funds. As of the end of 2007, SCBT had 50 financial centers in 16 South Carolina counties and one in North Carolina. During a time when the international credit crisis has afflicted many major financial…

TuesdayOct 07, 2008 2:38 pm

Performance Health Technologies, Inc. (PFMH.OB) to Launch Marketing and Sales Blitz

Today, after the bell, Performance Health Techonlogies announced that CEO Robert D. Prunetti joined the company’s sales, marketing and distribution partner, Interactive Metronome (IM), for a two-day sales conference in Fort Lauderdale, Florida. While at the conference, they demonstrated the company’s Core:Tx® rehabilitation technology to gather important feedback, which will be used to launch a marketing and sales initiative planned for the current quarter of this year. This initiative, cleverly titled “Movement,” will use information gathered from ‘pilot trials’ at rehabilitation centers, in-service training sessions with rehab professionals, and sales presentations to improve sales techniques. Movement will also assist with…

TuesdayOct 07, 2008 1:36 pm

Royale Energy Inc. (ROYL) Discovers Natural Gas in Two California Sands

San Diego-based Royale Energy Inc. (Nasdaq: ROYL) focuses on the development, acquisition, exploration and production of natural gas and oil in California, Texas and the Rocky Mountains. The company today announced a natural gas find in California as part of its 2008-A drilling project. The natural gas was discovered in its Andrus Island East well in the Sacramento Basin. The well was drilled to 7,000 feet and logged pay dirt in two natural gas-filled sands in the Nortinville formation at 3,350 feet and 3,800 feet, according to the press release. The Starkey Channel had greater depth, and - though it…

TuesdayOct 07, 2008 1:25 pm

Proteonomix Inc. (PROT.PK) is “One to Watch”

Proteonomix Inc. is a biotechnology company dedicated to the development of cell therapies to treat a wide variety of diseases. Headquartered in Mountainside, New Jersey, their current research is focused on cosmetics, anti-aging, and injury. Through their subsidiary, ProteoDERM, INC., they are commercializing their various products. Their new line of anti-aging skin care products is now hitting the market. These anti-aging products are the Matrix NC-138 system of products, sold as Matrix NC-138™ (3%) Serum, Day Cream SPF-25, Matrix Night Cream, a gentle cleanser and a gentle exfoliator. Proteonomix is also developing a platform for the growth of contaminant-free human…

TuesdayOct 07, 2008 11:39 am

WaferGen Biosystems, Inc. (WGBS.OB) Signs Two International Distribution Agreements

WaferGen Biosystems, Inc. (WGBS.OB), the California-based gene and stem cell research systems developer, announced today the signing of an exclusive distribution agreement with Euroclone S.p.A in Italy. Euroclone will distribute WaferGen’s SmartSlide™ Micro-Incubation System. WaferGen also signed a distributor agreement for SmartSlide with Takeda Rika Kogyo, Co. Ltd., of Japan. Both distributors serve cell biologists and stem cell researchers in the life science markets within their geographic areas. WaferGen's SmartSlide Micro-Incubation System is a unique family of integrated fluidics exchange micro-incubation products that work seamlessly with inverted microscopes. This breakthrough technology is enabling cell biology and stem cell researchers to…

TuesdayOct 07, 2008 11:35 am

FDIC to Increase Cost of Deposit Insurance

On Tuesday, the Federal Deposit Insurance Corporation proposed an increase in insurance fees that would double the current rate charged to a financial institution for accepting deposits. Oher changes that will affect fees imposed upon institutions of higher risk are scheduled for April. FDIC Chairwoman Sheila Bair asserts the industry's need for the current action. Unless an alternative is agreed upon, the change will take effect on January 1st, 2009. Let us hear your thoughts below:

TuesdayOct 07, 2008 11:35 am

WiMax Technology – Standing Strong in the Face of Adversity

Despite criticism from many opinionists who say that present market conditions are too shaky, Sprint Nextel is moving forward with a technology in which it has heavily invested itself. This Wednesday, in the city of Baltimore, Sprint's new WiMax network will be launched. A little further down the line, Wireless broadband provider Clearwire intends to absorb Sprint's WiMax assets by year's-end, and launch the technology nationwide. Experts have questioned any company's current ability to raise the proper capital for such a venture, yet Clearwire has already partnered with such giants as Google, Intel, and Comcast on the investment; securing more…

TuesdayOct 07, 2008 11:33 am

Bernanke Speaks – Sell-Off Continues

Federal Reserve Chairman Ben Bernanke took center-stage in the financial crisis proceedings on Tuesday, giving a speech that arguably had a negative effect on trading indeces. Bernanke basically stated the obvious: the current financial crisis plaguing the markets is not just a here-and-now problem, but rather is set to be a long-term burden on our overall economy. Stocks dropped once again as Bernanke's speech seemed to indicate an impending interest rate cut. It seems that the bulk of investors continue to wait for some good news to come from the Fed; hoping for a glimpse of light at the end…

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