Blog - Page 3943 of 5723

FridayMar 12, 2010 1:40 pm

Provectus Pharmaceuticals, Inc. (PVCT.OB) Brings in $7.5M in a Private Placement

Provectus Pharmaceuticals, Inc., a developer of oncology and dermatology treatments, today announced gross proceeds of approximately $7.5M from a private placement. With intentions to apply the capital generated by this private placement to working capital concerns, PVCT CFO and COO Peter Culpepper noted that the closing of this offer has tremendously strengthened the Company’s operational activities and widely expanded PVCT’s base of shareholders “to include new and individual investors”. Culpepper went on to say that sufficient capital had been raised to fully finance ongoing clinical trials, and that no additional money would be required to complete testing on the Company’s…

FridayMar 12, 2010 1:17 pm

Beacon Equity Research Featured Company: The Mundus Group, Inc. (MNDP.PK)

The Mundus Group, Inc. is an advanced aerospace technology consortium focused on providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) through its fully owned subsidiaries AirStar International and Roadable Aircraft Inc (RAI). Mundus is at the cutting edge of jet turbine–ducted fan technology. Through its subsidiaries, the company fuses a state of the art design engineering and prototype facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments. From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian…

FridayMar 12, 2010 1:05 pm

Beacon Equity Research Featured Company: Medical Connections Holdings, Inc. (MCTH.OB)

Medical Connections, a national provider of medical recruitment and staffing services, was established to satisfy the increasing need for highly qualified healthcare professionals. The company’s business is to identify, select and place the best allied health specialists, executive nurses, pharmacists, physicians and hospital management executives. In response to changing dynamics of the healthcare recruiting market, Medical Connections has shifted its business to a more lucrative niche emphasizing the recruiting of allied health specialists and physicians. This change in direction has resulted in a triple digit increase in placements for physical and occupational therapists. Recruiting for pharmacists and hospital management executives…

FridayMar 12, 2010 12:00 pm

Cytta Corp. (CYCA.OB) Announces Enhanced Leadership with Appointment of Industry Veterans

Cytta Corp. today announced the appointment of Gary Campbell as the company’s new president and secretary, as well as his election to the board of directors. Campbell’s support is leveraged by his experience in the development and funding of cutting-edge medical technologies and his administrative, organizational and operational experience with public companies. Campbell will work with CEO Stephen Spalding who said the two executives share dedication and views of entrepreneurship and health care. "I am very excited to be working with Mr. Campbell again on a project which seeks to create alternative mechanisms for solving some of the most difficult…

FridayMar 12, 2010 11:58 am

Li3 Energy Inc. (LIEG.OB) Acquires 100% of Next Lithium Assets as Part of Aggressive Exploration Strategy

Li3 Energy Inc. is focused on developing a business strategy in the lithium brine mining and energy sectors. In accordance with its business strategy, Li3 Energy has acquired the assets of Next Lithium Corp., a move that Li3 Energy said it believes will help position the company as one of the largest holders of prospective lithium acreages in the world. Per the agreement, Li3 Energy owns a 100 percent stake in 170,000 acres of a “strategically located” property prospective for lithium brine in Big Smoky Valley near Tonopah, Nevada. Li3 Energy said the property is geologically similar to the Clayton…

FridayMar 12, 2010 10:37 am

Yayi International Inc. (YYIN.OB) Joins Forces with Taobao.com to Open Dedicated Online Store

Located in China, Yayi International is the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children and adults with current formula product lines that are targeted towards health-conscious consumers. Today, Yayi International took a major step towards enhancing its future with the announcement that they have opened a dedicated online store on Taobao.com of the Alibaba Group. Taoboa.com is the largest online shopping marketplace in China and Asia and will potentially provide Yayi International a major voice on the Internet. Taoboa.com has over 145 million registered members as of June…

FridayMar 12, 2010 10:34 am

Piedmont Natural Gas (PNY) Reports Profit in First Fiscal Quarter

Piedmont Natural Gas reported net income of $113.7 million, or $1.55 per share, for its first fiscal quarter ending 1/31/2010. The company earned $80.9 million, or $1.10 per share, in the same quarter last year. Piedmont Natural Gas said that its net income for the quarter was artificially boosted by a one-time gain from the sale of a 15% ownership stake in SouthStar Energy Services. The company sold this stake for $57.5 million in early January 2010, and booked a $30.2 million, or $0.41 per share, gain on the sale. Piedmont Natural Gas still retains a 15% stake in SouthStar…

FridayMar 12, 2010 10:33 am

Kodiak Oil and Gas Corp. (KOG) Reports Strong Increase in Production and Reserves

Kodiak Oil and Gas reported a net loss of $2.6 million, or $0.02 per share, in the year ending 12/31/2009. In 2008, the company lost $6.5 million, or $0.62 per share. Despite the loss, Kodiak Oil and Gas showed improvement on various metrics during 2009. Revenues realized from oil and gas sales improved from $6.8 million in 2008 to $11.3 million in 2009. Kodiak Oil and Gas also increased oil and gas production by 123% on a year over year basis. In 2008, the company produced 98,560 barrels of oil equivalent (BOE) compared to 219,300 BOE in 2009. Kodiak Oil…

FridayMar 12, 2010 10:31 am

Response Biomedical Corp. (RPBIF.OB) Reports 69 Percent Increase in Total Revenue

Response Biomedical Corp., a developer and manufacturer of rapid on-site diagnostic tests for use with its RAMP® Platform for clinical and environmental applications, recently announced that the company recorded total revenue of $9.9 million for 2009, an increase of 69 percent compared to 2008. In addition, revenue for the company’s clinical products jumped 85 percent over 2008 to $6.8 million. For the year ended December 31, 2009, Response Biomedical reported a net loss of $9.5 million, or $0.04 per share, compared to a loss of $13.7 million, or $0.10 per share, in 2008. Details of the company’s complete financial results…

FridayMar 12, 2010 10:29 am

Consorteum Holdings Inc. (CSRH.OB) Updates Investment Community with Corporate Review

Today shortly after the opening bell, Consorteum Holdings, Inc. announced that it will now shift its focus on leveraging the previously announced new relationships to provide better value added services to its clients. These new projects and technology relationships will drive new opportunities and revenues for the company. With the recent launch of Blue Sea Manning’s new payroll and multi-currency program, Consorteum is now able to offer the cruise ship and private yacht industry a highly cost-effective solution for international payroll and currency settlement. This multi-billion dollar industry is in desperate need to reduce the substantial administrative costs of payment…

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