Blog - Page 3943 of 5434

FridayMay 08, 2009 6:10 am

U.S. Unveils the Results of Bank Stress Tests

U.S. regulators finally revealed the results of the long-awaited stress tests for the nation's largest banks. Regulators urged ten of the country's nineteen largest financial institutions to raise about $75 billion in new capital to withstand possible future losses. These institutions will attempt to raise capital by selling common stock among other methods. Among the institutions needing more capital, Bank of America needs to raise $33.9 billion, Wells Fargo needs to raise $13.7 billion, auto and mortgage lender GMAC needs to raise $11.5 billion, Citibank needs to raise $5.5 billion, and Morgan Stanley needs to raise $1.8 billion. The other…

FridayMay 08, 2009 6:02 am

The UpTurn, Inc. (UPTR.PK) Announces Reality on Realty Blog

The UpTurn, Inc., a company focused on operating an online destination (www.TheUpTurn.com) where industry professionals, homeowners, sellers and seekers can be intelligently matched for their real estate needs, today announced its successful Reality on Realty blog. The Upturn, Inc. enlisted a team of award-winning, highly experienced bloggers from the Real Estate space to create the Reality on Realty blog. Within weeks the online destination became a sought after source of news and information for forward-thinking industry professionals, homeowners, sellers and seekers. Reality on Realty is a place where people exchange ideas and information, with topics ranging from home financing to…

FridayMay 08, 2009 5:34 am

EV Innovations, Inc. (EVII.OB) to Launch Aggressive Media Campaign with 30,700+ Television Spots per Week

EV Innovations, Inc., 21st Century Design & Engineering of emission-free automotive propulsion systems, announced this morning that it will be executing an aggressive media campaign featuring the company’s INIZIO-EVS electric super car and the WAVE. The TV ads are scheduled to appear on CNN-Headline News, MSNBC, HGTV, A&E, Discovery, ESPN, MTV, VH-1, USA, Fox News, CNBC, Life and other major stations. The overwhelming response received at the 2009 New York International Auto Show prompted the company to develop a strategic plan for a major television media push to increase global exposure of their vehicles. EV Innovations also informed investors that…

FridayMay 08, 2009 4:55 am

Zevotek, Inc.’s (ZVTK.PK) Ionic Light Bulb Targets the $40 Billion Global Lighting Industry

Zevotek, Inc. (ZVTK.PK), an emerging provider of unique and innovative consumer products designed to help the world become more environmentally and economically efficient, is targeting a multi-billion dollar market with its Ionic Bulb Air Purifier. This bulb is an energy-efficient three-way light bulb that removes airborne pollutants and odors while providing energy-saving lighting. Zevotek’s Ionic Bulb offers significant advantages over standard and fluorescent light bulbs. Not only does the Ionic Bulb use just a quarter of the wattage of standard light bulbs to produce the same amount of light, but it also lasts 10 times longer – providing noteable savings…

ThursdayMay 07, 2009 8:51 am

The Amacore Group, Inc. (ACGI.OB) to Commence Television Campaign for Its Elite Dental Plan

The Amacore Group, Inc., a leading provider of membership benefit programs, insurance, and program administration services, as well as innovative and cutting-edge products and solutions to individuals, families and employer groups nationwide, today announced the development of a direct response television campaign for its Elite Dental Program, a practical and affordable dental insurance plan providing savings for individuals and families. Amacore has retained OmniResponse, a division of OmniReliant Holdings Inc., to develop and manage the direct response campaign. Amacore CEO Jay Shafer commented, “We believe this direct response television campaign will serve as an excellent opportunity to efficiently and profitably…

ThursdayMay 07, 2009 8:48 am

China North East Petroleum Holdings, Inc. (CNEH.OB) Signs New Well Drilling Contract

China North East Petroleum Holdings, Limited, a leading oil producing company in Northern China, announced that it has signed a new well drilling contract with a local primary drilling company, Songyuan Huaying Drilling and Service Company. The well drilling contract includes an additional 48 wells to be drilled over the next 10 months. According to the press release, the drilling work is scheduled to start within a week. After the project is completed, China North East Petroleum’s number of producing wells will total up to 303. "Signing this additional well drilling contract further demonstrates the management's confidence in the operational…

ThursdayMay 07, 2009 8:40 am

Adventure Energy Inc. (ADVE.OB) Commences Operations on Appalachian Basin Leasehold

Adventure Energy Inc. is an energy exploration company operating in the Appalachian Basin, seeking out mature long-lived oil and natural gas properties for further development. The company today announced it has started its drilling program on the JL Blaydes leasehold in Metcalfe County, Ken., and will continue drilling throughout the upcoming week. The company estimates the depth of drilling to be 1,800 feet, and will allow it to test the Knox Formation. The four remaining wells on the site have been prepared as well, and are ready for initial drilling. Wayne Anderson, president of Adventure Energy, said the commencement is…

ThursdayMay 07, 2009 8:38 am

SinoHub, Inc. (SIHI.OB) Gets Major Financial Vote Of Confidence

SinoHub, Inc., the growing China-based electronic supply chain management services company, today announced a dramatic vote of confidence from the financial market in the form of a $6.4 million bank line. The new line is being made available through the Shenzhen branch of the Hangzhou Bank, and is expected to be used for continued expansion of SinoHub’s electronic component procurement fulfillment and component sales business lines in China. Under the terms of the agreement, Hangzhou Bank will issue Letters of Credit (LC) to SinoHub Shenzhen, with a 20% cash deposit requirement on all LCs. The bank will issue LCs to…

ThursdayMay 07, 2009 7:26 am

Advanced Life Sciences Inc. (ADLS.OB) Finds Itself in a Position to Capitalize on New Pharmaceutical

The bioscience research sector is a risky and interesting one. Millions of dollars need to be put up in advance for a potentially lucrative pay-off. Getting there, however, is the trick as there is absolutely no guarantee that the product will be approved, or for that matter, actually work as hoped. Herein lies the issue, how to fund a project, make the product work and get it approved and marketed. If a company can pull each of these rabbits from the hat, its investors will profit handsomely. Advanced Life Sciences Inc., a biopharmaceutical company, works to manufacture and market pharmaceuticals…

ThursdayMay 07, 2009 7:15 am

New Generation Biofuels Holdings, Inc. (NGBF) Signs Agreement with City of Baltimore

New Generation Biofuels Holdings, Inc. announced today that it has entered into a contract with the City of Baltimore, Maryland to provide its renewable biofuel in an evaluation program for boiler applications. According to the company, this is the first time the City has evaluated a non fossil fuel in its industrial boilers. It is anticipated that the outcome of the evaluation will further validate New Generation Biofuels' product as a renewable biofuel which uniquely offers NOx and SO2 reductions as compared to traditional distillate products. The evaluation may also provide a platform for the City of Baltimore to expand…

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