Blog - Page 3916 of 5723

TuesdayApr 06, 2010 9:22 am

Genta Inc. (GETA.OB) Shares Soar on FDA Fast Track Designation for Gastric Cancer Candidate

Biopharmaceutical company Genta Inc. focuses on innovative products for cancer treatment. The U.S. Food and Drug Administration (FDA) has granted Genta’s request for Fast Track designation of the company’s late phase 2 oncology product tesetaxel for treatment of patients with advanced gastric cancer. The FDA grants Fast Track designation in order to accelerate the review of new drugs that are intended to treat serious or life-threatening conditions. The designation typically opens the door for the company to submit New Drug Application (NDA) on a "rolling" basis with ongoing FDA review during the submission process. In the completed phase 2a study,…

TuesdayApr 06, 2010 9:19 am

Elray Resources, Inc. (ELRA.OB) Adds to Portfolio by Acquiring Property in Ecuador

Elray Resources, Inc., a junior exploration and development company, announced this morning that they have acquired the rights to the property known as Picacho, in Ecuador's legendary El Oro Province, southeastern Ecuador. This property has strong possibilities as records show that the major regional mining company SADCO extracted over 4.5 million ounces from the region between 1905 and 1950 with an average grade of 14.5 grams/ton of gold. Other projects in this same geographic area have millions of ounces of gold measured and indicated. Elray accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia and…

TuesdayApr 06, 2010 9:16 am

Bullion Monarch Mining, Inc. (BULM.OB) Commences 3000m Diamond Drill Program

Publicly traded natural resource development company Bullion Monarch Mining Inc. announced that it has commenced a 3000m diamond drill program with its JV partner, Dourave. Targeting the Bom Jesus project in Northern Brazil, BMM has earned a 33.3% interest in this and the Bom Jardim properties by providing capital for exploration. The exploration results confirm the investment Bullion Monarch Mining chose to make in the Bom Jesus project. The high grade surface sampling, underground vein samples, strong geophysical and geochemical anomalies, the apparent presence of disseminated sulphides and intense alteration in drillcore samples all show the project’s potential. The company…

TuesdayApr 06, 2010 8:19 am

eDoorways Corp. (EDWY.PK) Sets Dates for Shareholder Conference Call and Written Shareholder Address

This morning, eDoorways Corp. announced that it will conduct the first Shareholder Call of the year following the Shareholder Address scheduled for the preceding day. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corporation, stated, "We are very excited to produce and conduct both of these informational forums for the benefit of our shareholders. Absent any guidance or similar type of data, the information provided in both should absolutely quell any questions one may have regarding the overall health and condition of the company as well as the promising future for eDoorways. Neither should be missed." Kimmons added, "We…

TuesdayApr 06, 2010 7:58 am

Socialwise, Inc. (SCLW.OB) Signs TV Star Rob Dyrdeck as BillMyParents Spokesman

Socialwise, Inc. announced yesterday evening that they have signed Rob Dyrdeck to promote its online BillMyParents® payment solution and teen MasterCard® prepaid debit card. Mr. Dyrdeck is a professional skateboarder who has recently become a TV star through his incredibly popular MTV reality show, Fantasy Factor. Between his MySpace, Facebook and Twitter accounts, Mr. Dydeck, who was referred to by Jim Collas, President and CEO of BillMyParents as the “logical choice”, has millions of followers and was also a top five finisher in the Teen Choice Awards a few months ago. Socialwise plans to use Mr. Dydeck as part of…

TuesdayApr 06, 2010 7:53 am

China Kangtai Cactus Biotech, Inc. (CKGT.OB) Secures Multi-Year Sales and Marketing Agreement with a Leading Chinese Retailer

China Kangtai Cactus Biotech, Inc., a leading grower, developer, producer and marketer of cactus-derived products, including nutraceuticals, food, drink, health products and animal feed, recently announced that the company has secured a three-year marketing and sales agreement with Yongkangmen Health and Drug Chain Store Group Ltd. Under the terms of the multi-year agreement, Yongkangmen Health and Drug Chain Store will promote, market and sell China Kangtai Cactus Biotech’s nutritious and patented cactus-based products at its more than 3,000 drugstores throughout China. China Kangtai Cactus Biotech’s high-quality “green” products are currently sold throughout China via a distribution network that covers 12…

TuesdayApr 06, 2010 7:52 am

Ranger Gold Corp. (RNGC.OB) Approves New Drilling Budget

Ranger Gold Corp., a US-based resource exploration company exploring for gold in proven gold regions of Nevada, announced today that it has approved a drilling budget to move forward with their CX Property in Nevada’s Nye County. The CX property consists of 72 unpatented mineral claims and covers six epithermal gold-silver targets within a caldera margin that hosts at least two other major gold-silver mines with combined production and reserves of several million ounces. If Ranger makes the property option payments and spends specific amounts on exploration of the property, they can claim 100% undivided interest in the property. Gary…

TuesdayApr 06, 2010 7:50 am

Servotronics, Inc. (SVT) Reports Decline in Net Income

Servotronics, Inc. reported net income of $1.9 million, or $0.92 per diluted share, for the full year 2009. The company earned $3.05 million, or $1.45 per diluted share, in 2008. Servotronics, Inc. said that revenues fell also over the same time frame, to $33.0 million reported in fiscal 2009 from $34.2 million in fiscal 2008. The company blamed the fall in net income and revenues on the economic recession and the resulting delay in shipments of commercial aircraft. Servotronics, Inc. also cited the implementation costs associated with Section 404 of the Sarbanes-Oxley law, which will soon apply to companies the…

TuesdayApr 06, 2010 7:48 am

National Automation Services Inc. (NASV.PK) Rooted with Solid Board of Directors and Management Team

National Automation Services Inc. offers a broad portfolio of business and technology solutions for industrial market. The company’s mission is to be the premier provider and automation and control system integrator nationwide. It is supported by a strong board of directors and executive guidance. Thirty-year industry veteran Robert W. Chance has served as NAS’s president, CEO and director since 2007. Chance is also interim chairman of the board, and in 2008 became the company’s CFO. Prior to his responsibilities with NAS, Chance served as chief operations officer of Nytrox Systems and vice president of NAS’s wholly owned subsidiary Intuitive System…

MondayApr 05, 2010 3:13 pm

Toffuti Brands Inc. (TOF) Reports Increase in Profit for Fiscal 2009

Toffuti Brands Inc. reported net income of $506,000, or $0.10 per share, in fiscal 2009 (ended January 2, 2010). This was more than double the $217,000, or $0.04 per share, reported in fiscal 2008. Toffuti Brands Inc. reported revenue $18.6 million in fiscal 2009, a slight decrease from the $19.6 million reported in fiscal 2008. The company blamed the economy and the discontinuation of several lines of products that were not selling enough to be commercial. David Mintz, the CEO of Toffuti Brands Inc. said, “The last fiscal year was a difficult one for both our industry and our country.…

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