Blog - Page 3916 of 5617

FridayDec 18, 2009 11:30 am

Norsat International (NSATF.OB) Invests $1.2 Million in Africa

Norsat International Inc., provider of satellite based solutions for high speed data transmission, has announced that it is investing $1,200,000 in Tonse Solutions, a wireless broadband operator in Malawi, Africa. $500,000 of the investment will represent a 19.99% equity stake in Tonse, and the remaining $700,000 will be in the form of a 3-year convertible bond carrying an interest rate of 10%. In conjunction with this investment, Norsat has received a purchase order from Tonse for $1,000,000 worth of wireless equipment and software to build a wireless broadband system in Lilongwe, the capital of Malawi. Tonse, based in Lilongwe, is…

FridayDec 18, 2009 11:13 am

Deep Down, Inc. (DPDW.OB) Continues to Grow its Intellectual Portfolio

Deep Down, Inc. announced today that its wholly-owned subsidiary, Flotation Technologies, has been awarded a patent number US 7,628,665 B1 by the United States Patent and Trademark Office for "Drilling Riser Buoyancy Modules". In summary, the granted patent provides broad protection for the design of the CoreTec™ Drilling Riser Buoyancy Module. Drilling riser buoyancy modules are attached to the outside of a drilling riser string to provide buoyancy, offsetting a percentage of the weight. By adding these modules, companies are able to drill in deeper water. These drilling riser buoyancy modules are subjected to extremely rough handling which can cause…

FridayDec 18, 2009 11:06 am

ERF Wireless (ERFW.OB) Receives $4.7+ Million Order for Mobile Broadband Trailers

ERF Wireless, a leading provider of enterprise-class wireless and broadband products and services, announced earlier today that the company entered into a $4.740,250.00 agreement with a major manufacturer to produce additional Mobile Broadband Trailers (MBTs) that will deploy the company’s high-speed wireless broadband digital-oilfield solutions into oil and gas drilling operations throughout North America. According to Dr. H. Dean Cubley, CEO of ERF Wireless, “This agreement underscores the financial commitment ERF Wireless has made to expand the company’s capability to service the communications requirements of all its oil and gas drilling customers throughout North America, under existing as well as…

FridayDec 18, 2009 9:53 am

Measuring the Jobs Situation

Headline Unemployment Rate Is a Tiny Facet of Overall Picture Most people understand that a rising jobless rate is one of the hallmarks of a shrinking economy. But the national unemployment rate does not always reveal a complete picture of the jobs outlook. For example, when the downturn began in December 2007, the unemployment rate was a mere 4.9% — hardly the stuff of recessions. Employment tends to be a lagging indicator because most employers will cut back on other expenses in order to avoid layoffs for as long as possible. Moreover, when conditions begin to improve, employers may avoid…

FridayDec 18, 2009 9:52 am

Moving Forward from the Credit Crisis

On Monday, September 15, 2008, the country awoke to news that three of the nation’s largest financial institutions were unable to survive without help. Merrill Lynch found a buyout partner in Bank of America. AIG was able to secure funding from federal sources. Lehman Brothers, however, was unable to secure a lifeline and the firm filed for bankruptcy, the largest in history and a major spark that set off the global financial crisis. In a matter of days, the nation’s financial structure had changed. By now, this story is painfully familiar to most investors, who watched portfolios and retirement account…

FridayDec 18, 2009 9:41 am

Muscle Flex, Inc. (MFLI.PK) Announces Release of the BUDDY Tablet Caddy Viral Video Online Commercials on YouTube.com

Muscle Flex Inc. announced yesterday that it has released parts one and two of the BUDDY Tablet Caddy viral online commercial. They can be viewed at the following link: http://www.youtube.com/MuscleFlexTV Intended exclusively for the internet, The BUDDY Tablet Caddy(TM) viral online commercial has three parts. While part one and two can be found at the link above, part three must be viewed at www.MuscleFlex.com. Muscle Flex plans to release the Beagle StepFit and the BUDDY Tablet Caddy infomercials nationally next month. The strategy is to run both commercials on cable stations simultaneously to reinforce each other and maximize the up-sell…

FridayDec 18, 2009 9:20 am

National Health Partners, Inc. (NHPR.OB) Announces Launch of Two New Sales Campaigns Expected to Generate over 5,500 New Members per Month

National Health Partners, Inc., an organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called CARExpress, recently announced that the company is set to launch two new sales campaigns that are expected to generate over 5,500 new members per month. Both programs are expected to commence prior to the end of the year. With more than 1 million medical professionals, CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country. The company’s target market includes 47 million Americans without health insurance and…

FridayDec 18, 2009 9:13 am

Arrayit Corp. (ARYC.OB) Subsidiary Releases Timeline for OvaDx™ Product

Yesterday, Arrayit Diagnostics, a majority-owned subsidiary of Arrayit Corporation released its anticipated timeline for commercialization of its microarray-based OvaDx(TM) Pre-Symptomatic Ovarian Cancer Blood Test. CEO John Howell formally commented on the time line and the blood test, which is currently in late-stage development. The rights to OvaDx™ have been assigned exclusively to the company by Arrayit Corporation. Howell stated, "In response to numerous inquiries received from the medical, research and investor communities following last week's exciting news announcements, we are pleased to confirm that Arrayit Diagnostics will file for Pre-Market Approval of our early stage ovarian cancer test as an…

FridayDec 18, 2009 9:07 am

Luby’s, Inc. (LUB) Reports First Fiscal Quarter Of 2010

Luby's, Inc. reported a net loss of $3.7 million, or $0.13 per share, in its first fiscal quarter of 2010. Same store sales fell by 13.5% after adjusting for a hurricane that affected comparability. The quarter ended November 18, 2009. Chris Pappas, the CEO of Luby’s, said, “During the first quarter, we launched our previously announced Cash Flow Improvement and Capital Redeployment Plan, strengthening our core store base and positioning ourselves to better weather this challenging economic environment.” Luby's concentrated on expense control during the first fiscal quarter in order to deal with the drop in sales. The company cut…

ThursdayDec 17, 2009 2:56 pm

NetSol Technologies, Inc. (NTWK) Led by a Superb Management Team

NetSol Technologies Inc. is a worldwide provider of global business services and enterprise application solutions, leveraging its BestShoring practices and highly experienced resources to deliver high-quality, cost-effective solutions. The company has operations all around the globe and its clients include Fortune 500 manufacturers, global auto makers, financial institutions, utilities, technology providers and government agencies. The company is led by a highly-skilled management team. Some of the members of the company's management team include: Najeeb Ghauri – Chairman and CEO Mr. Ghauri was responsible for restructuring NetSol's business model into that of an IT company. He has oversaw the growth of…

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