Blog - Page 3918 of 5482

WednesdayAug 05, 2009 3:27 pm

MainStreet Bank (MNSB.OB) Reports Strong Six Month Profit

MainStreet Bank continues to sail through the recession and financial crisis, reporting $72,000 or $0.03, in net income for the quarter ending June 30, 2009. This brings its net income for the first six months of 2009 to $138,000 or $0.05 per share. The bank grew total assets to $205 million, a 17% increase over last year’s second quarter. Total deposits increased 22% in the same time frame and are now at $160 million. MainStreet Bank reported other metrics that indicated strong asset quality. Its total non-performing loans were 0.64% of gross loans, and its total risk-based capital ratio was…

WednesdayAug 05, 2009 2:06 pm

PacificHealth Laboratories Inc.’s (PHLI.OB) Nutrition Products Gaining Recognition with More Shelf Presence

GNC has more than 4,800 retail locations throughout the United States (including more than 1,000 franchise and 1,200 Rite Aid store-within-a-store locations) and franchise operations in 48 international markets. Leading sports nutrition company PacificHealth Laboratories Inc. today announced that its scientifically proven appetite management tool, ForzeGPS, which hit the shelves of 1,500 GNC stores in March, is now available in more than 1,750 specialty retail stores nationwide. PacificHealth’s ForzeGPS line of products was designed specifically for athletes seeking ways to improve their bodies’ potential speed and performance. The all-natural nutrition bars and drinks center on a multi-patented blend of healthy…

WednesdayAug 05, 2009 2:02 pm

Data Call Technologies Inc. (DCLT.OB) Latest Report Showed an Increase in Sales Revenues of 173%

Data Call Technologies Inc. is a leading provider of news, sports, weather, financial and other infotainment feeds for the digital signage industry. The company's information feeds can be seen throughout digital signage networks in numerous venues. These venues include: freeways, airports, sports arenas, shopping malls, elevators, cell phones, etc. For the fiscal year ended December 31, 2008, Data Call had an increase in sales revenue of 173% from 2007 while decreasing expenses by 49%. Much of the increase in revenue occurred in the last three quarters of 2008. This excellent performance was due to the company's ability to adjust their…

WednesdayAug 05, 2009 12:43 pm

ECOtality, Inc.’s (ETLY.OB) Subsidiary Receives Approx. $100 Million Grant

Today it was announced that ECOtality, Inc.’s subsidiary, Electric Transportation Engineering Corporation (eTec), a leader in clean electric transportation and storage technologies, received a grant totaling approximately $99.8 million from the U.S. Department of Energy to commence the largest deployment of electric vehicles (EVs) and charging infrastructure in U.S. history. eTec has partnered with Nissan North America to undertake the massive project. According to the press release, the companies will install electric vehicle charging infrastructure and deploy up to 1,000 Nissan battery electric vehicles in strategic markets in five states: Arizona, California, Oregon, Tennessee, and Washington. It has not been…

WednesdayAug 05, 2009 12:18 pm

Island Environmental Acquisition Works Well for General Environmental Management Inc. (GEVI.OB)

General Environmental Management Inc. is a fully integrated environmental and waste services company that provides on-site technical services, off-site treatment services, remediation services, and regulatory compliance services. The company offers their suite of services to a wide variety of sectors including government entities, educational institutions and commercial and industrial clients. General Environmental completed the acquisition of Island Environmental Service Inc., a company which generated $7.7 million in revenue for 2007, in September 2008. Island Environmental is a California-based environmental transporter, which now supports General Environmental's continued growth throughout the western United States. The two companies share a common sense approach…

WednesdayAug 05, 2009 12:08 pm

Oil Becomes a Sticky Proposition on Wall Street

Oil has taken Wall Street on a roller coaster ride in the past week. The ride started with oil rising towards $72 ahead of inventory data and then falling below $71 after inventory data. Oil fell toward $70 a barrel on Wednesday morning amidst U.S. government inventory data showing a build in crude stocks and weak economic data that raised concerns and doubts about oil demand recovery in the world’s largest energy consumer. As example of these doubts was shown in U.S. light, sweet crude which fell 81 cents to $70.61 a barrel early in the day giving away some…

WednesdayAug 05, 2009 10:33 am

Prana Biotechnology Ltd. (PRAN) Gains Key Patent for Alzheimer Compound

Prana Biotechnology Ltd., an Australian company established to commercialize research into Alzheimer’s Disease and other major age-related neurogenerative disorders, today announced that it has secured a key patent protecting its clinical drug (PBT2) with the European Patent Office. The patent covers the composition of matter of selected families of 8-Hydroxyquinoline compounds, including PBT2, and the uses of such compounds for the treatment of neurological diseases, such as Alzheimer’s Disease and Huntington’s Disease. PBT2, the company’s lead Alzheimer's Disease compound, has already demonstrated safety and tolerability in early Alzheimer's Disease patients in a Phase IIa study. It has also shown improvement…

WednesdayAug 05, 2009 10:30 am

Pansoft Inc. (POSF) Announces New Finance and Accounting Integration Project, Finding International Recognition of its Software Solutions

It’s not often that one comes across a developing company that is growing at a nice clip in these seemingly difficult times. In a general sense, this type of event points to the need for certain types of products and services whatever the economic conditions might be. Energy is such a commodity as is the need to manage its use and distribution. Finding such types of markets and products is a safe way to capitalize in difficult times. The big boy's in the market are easy to spot in this regard, finding the new and growing ones, however, is where…

WednesdayAug 05, 2009 10:24 am

Atrinsic, Inc. (ATRN) Announces Acquisition of E-Commerce Platform, Shopit.com

Atrinsic, Inc. announced today its acquisition of Shopit.com, an e-commerce platform that enables buyers and sellers to reach the audiences of social networking sites such as Facebook and MySpace. Through offering the option to buy and sell anywhere one wants, Shopit opens the door to some of the largest consumer markets. ShopIt is the latest property to join the Atrinsic Media network as a part of the company’s effort to develop rich media properties across its extensive distribution platform. Earlier versions of this innovative application have been downloaded nearly 800,000 times, demonstrating its ability to engage audiences in the fastest…

WednesdayAug 05, 2009 9:06 am

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

Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in Egypt (Egyptian Patent Application No. PCT/NA/122/2006). This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years. According to the Oil and Gas Journal and the U.S. Department of Energy, Egypt's proven oil reserves currently hold about 4 billion barrels. Egypt also has the largest refining sector on the African…

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