Blog - Page 3917 of 5516

WednesdaySep 09, 2009 9:38 am

Cell Biosciences Signs Agreement to Acquire Alpha Innotech Corp. (APNO.OB) for $17.6 Million

Cell Biosciences, Inc., a private life sciences company focused on nanoproteomics, and Alpha Innotech Corp., a leading developer, manufacturer and marketer of digital imaging and analysis systems, recently announced that Cell Biosciences will acquire Alpha Innotech for $1.50 per share or approximately $17.9 million in cash. In 2008, Alpha Innotech achieved revenues of $17.6 million and was profitable on both an operating and a net income basis. The completion of the transaction is subject to customary terms and conditions, including approval by the Alpha Innotech stockholders. The directors, executive officers and certain stockholders of Alpha Innotech, who collectively hold approximately…

WednesdaySep 09, 2009 9:36 am

Verenium Corporation (VRNM) Does a 12 for 1 Reverse Stock Split

Verenium Corporation is conducting a 1 for 12 reverse stock split to be effective on September 9, 2009. The stock split will reduce the number of shares outstanding from 111.3 million to 9.3 million. Verenium Corporation reported revenues of $16.3 million and a net loss of $19.9 million in the second quarter of 2009. The company also reduced its debt by $15 million from the same period in 2008. “We continue to make considerable progress toward developing and financing commercially-viable, next-generation cellulosic ethanol which we believe is an important component of America's future energy mix," said Carlos A. Riva, the…

WednesdaySep 09, 2009 8:35 am

Axial Vector Energy Corp. (AXVC.PK) JV Partner Awarded Key Patent in Indonesia

Axial Vector Energy Corp. announced that its PETRO AVEC JV partner, Petrosonics LLC, has been awarded a patent in Indonesia that protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years. According to the Oil & Gas Journal, Indonesia had 4.3 billion barrels of proven oil reserves as of January 2007. Although Indonesian crude oils vary widely in quality, most streams have gravities in the 22 to 37 degrees API range. Indonesia's two main…

WednesdaySep 09, 2009 8:29 am

Savoy Energy Corp. (SNVP.OB) Announces $10 Million in Funding

Savoy Energy Corporation announced this morning that it has finalized an agreement with Tangiers Investors, LP for a $10 Million equity line of credit. "We are pleased to have established this line of credit. This financing will assist our company as we move forward with our recompletion programs, as well as our plans for future growth and expansion," commented Art Bertagnolli, CEO of Savoy Energy Corporation. According to the press release, the financing will initiate after the company's audits have been completed and within 30 days after the definitive financing documents have been executed. Let us hear your thoughts: Savoy…

TuesdaySep 08, 2009 4:17 pm

Data Call Technologies, Inc. (DCLT.OB) Knows Effective Digital Signage

Data Call Technologies Inc., a pioneering provider of content to augment the effectiveness of all those new digital sign displays popping up everywhere, shows the real potential of digital signage when approached correctly. Digital signage allows users to integrate the main message with eye-catching entertainment information in a uniquely effective way, if you know what you are doing. The old school of electronic advertising, which still dominates a lot of business thinking, tends to have an entertainment display occasionally broken up with commercials, just like watching a television. The hope, of course, is that the viewer will continue to watch…

TuesdaySep 08, 2009 3:56 pm

General Environmental Management, Inc. (GEVI.OB) Announces Launch of New Website

General Environmental Management, Inc. announced today after the closing bell that it has unveiled its completely redesigned website: www.GeneralEnvironmental.com. The web presence now boasts a new design and extensive service information, all of which have been designed to provide clients with greater accessibility to all the resources they need. "GEM prides itself for delivering the most comprehensive, environmentally friendly waste solutions. The new site is designed to make the experience of prospective clients as well as current clients more satisfying and effective. Investors will also appreciate that the new website provides in-depth information on the company," commented Tim Koziol, CEO…

TuesdaySep 08, 2009 3:21 pm

September 8th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACTC, CUR,CVM, ENZ, FMTI, ICLK, IMUC, IWEB, MBCI, OMCM, ONEZ, ORMP, SIHI, SRCO, SVUL With bullish investor sentiment reaching levels not seen since just before previous market corrections, the rally, which is approaching six months, took a break last week. All of the major indices posted losses, with the Dow falling 102 points, or 1.1%, leaving it up 7.6% for the year. Each of the other indices followed suit, with the Nasdaq declining 10 points, or 0.5%, but still up 28%, the S&P 500 falling nearly 13 points, good for a…

TuesdaySep 08, 2009 12:54 pm

China Energy Recovery Inc. (CGYV.OB) Awarded $4.47 Million Contract to Construct Sulfuric Acid Plant with Waste Heat Recovery System in China

Energy recovery is a process in which wasted energy is captured and converted into heat energy or electricity, which ultimately lowers heat pollution and captures harmful pollutants before they enter the atmosphere. China Energy Recovery Inc. designs, manufactures and installs such waste heat energy recovery systems, primarily targeting the Chinese market, where industrial facilities release high amounts of excess heat into the atmosphere. The company today announced it has been chosen to construct a sulfuric acid plant equipped with a waste heat recovery system for Tianjin Qinfa Chemical, a subsidiary of chemical producer Tianjin Bohai Chemical Group, one of the…

TuesdaySep 08, 2009 11:20 am

China Agritech, Inc. (CTEC.OB) Expands Sales Contract with China’s Largest Fertilizer Distributor

China Agritech Inc. is a young and growing company that has been gaining national recognition as a leading national liquid and granular organic compound fertilizer manufacturer and distributor in China. The young company reached a major milestone today with the announcement that they have expanded a sales and distribution partnership with Sinochem Fertilizer Company Ltd. for the company’s “Green Vitality” granular fertilizer products. This pivotal contract, which will run through 2010, will supply 15,000 tons of Green Vitality granular fertilizer and is worth an estimated value of $6.4 million. China Agritech’s “Green Vitality” compound granular fertilizer products are a premium…

TuesdaySep 08, 2009 11:16 am

Cavico Corp. (CAVO.OB) Finishes Construction on Hydropower Plant

Today, Cavico Corp., a leading infrastructure development company, announced that its wholly owned subsidiary, Cavico Hydropower Construction JSC, has completed the construction of the Dasiat Hydropower Plant. The subsidiary has begun the process of transferring the project over to Southern Hydropower Joint Stock Company, the project’s owner. Cavico Hydropower started this $4.6 million construction project in July 2006. It supplied equipment for waterways including surge tanks, intakes, the headrace tunnel, and other construction related work, including the creation of a 1.44-mile headrace tunnel. The tunnel is considered to be the narrowest tunnel in Vietnam. The new hydropower plant has been…

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