Blog - Page 3943 of 5523

ThursdayAug 20, 2009 7:33 am

Vicor Technologies, Inc. (VCRT.OB) Announces International Distribution Agreement; Revenues Expected to Commence in the Fourth Quarter of 2009

Vicor Technologies, Inc., a development-stage biotechnology company specializing in innovative, non-invasive diagnostics, recently announced that the company has entered into an exclusive distributorship agreement with Glotecx, Inc. for the distribution of its PD2i Cardiac Analyzer. This agreement grants Glotecx, Inc., a global provider of state-of-the-art medical equipment, the exclusive right to purchase, inventory, promote and resell the private label Vicor PD2i Cardiac Analyzer, and accompanying computer hardware and test analyses in India, Kenya, Uganda, Tanzania and Nigeria. Vicor Technologies’ patented and proprietary PD2i algorithm and software assists patients at risk of sudden cardiac death (SCD) and trauma victims in need…

ThursdayAug 20, 2009 7:24 am

Cavico Corp. (CVIC.OB) Announces Two Construction Projects to Assist in Hydropower Expansion

Cavico Corp. focuses on large infrastructure projects and construction, as well as urban developments, in Vietnam. The company recently issued a press release announcing two contracts, both of which have valued revenues of $1.4 million. The company’s first announcement centers on its wholly owned subsidiary Cavico Transport Construction JSC, which has inked a deal with Dakdrinh Hydropower Joint Stock Company for overburden stripping and stone processing of Dakdrinh’s hydropower plant in Quang Ngai province. Per the agreement, the first phase of the project is the extraction of 700,000 cubic meters of stone within a five-month period. The stones will then…

ThursdayAug 20, 2009 7:22 am

Consorteum Holdings, Inc. (CSRH.OB) Means Creative Payment Solutions

Consorteum Holdings Inc., the innovative payment technology company, offers a much needed payment solution to a huge number workers. Example: “I’m an employee at a mid-sized technology firm. I’d really appreciate an alternative banking solution outside of what the traditional banks can offer me – almost like a ‘virtual bank’ – because I receive a manual check every two weeks. My only alternative for cashing my check is at a ‘check cashing store’ which is both costly and cumbersome.” Consorteum’s highly effective solution, which can be customized to fit individual client needs, is centered around the creative use of payroll…

WednesdayAug 19, 2009 2:44 pm

Biofuels Power Corporation (BFLS.OB) ‏is “One to Watch”

Headquartered in The Woodlands, Texas, Biofuels Power Corp.'s mission is to introduce renewable fuels for North America power and reduce the nation's dependence on foreign oil. Trading on the OTCBB, the company is the first in the biofuels power sector. This involves generating grid power from biodiesel and renewable gas. Incorporated in 2004, Biofuels Power Corporation is the first company to enter the U.S. power grid with 100 percent biofuels made from waste oils. They do not use corn and they do not remove edible vegetable oils from the food chain. Biofuels Power Corp. gets fat from animal renderers (chicken,…

WednesdayAug 19, 2009 12:46 pm

Speedus Corp. (SPDE) Promotes John Kallassy to CFO

Speedus Corp. announced today that it has promoted John Kallassy to chief financial officer. Mr. Kallassy has served as executive vice president of Speedus for approximately eight years and will continue to serve as chief executive officer for Zargis Medical Corp., a position he has held for the past 4 years. Zargis is a majority-owned subsidiary of Speedus. "John has done an outstanding job as Zargis' CEO, where he successfully led the company from its research and development stage to a comprehensive product launch through a global marketing alliance with 3M," commented Shant Hovnanian, Speedus' chairman and CEO. "John's enthusiasm…

WednesdayAug 19, 2009 12:40 pm

NewStar Financial, Inc. (NEWS) Stock Rises on Announcement of Terminated Agreement to Acquire Southern Commerce Bank, N.A.

NewStar Financial, Inc. announced earlier today that it has terminated its agreement to acquire Southern Commerce Bank, N.A. and withdrawn its related regulatory applications. The news was looked upon favorably by investors as they sent shares up to a high of $2.44 today. “We have decided to terminate the agreement because it has become unlikely that we would receive approval of our applications on terms that would allow the company to achieve its objectives, which relied on our ability to restructure the combined company's balance sheet," stated Timothy J. Conway, NewStar's Chief Executive Officer. "Although we have decided to terminate…

WednesdayAug 19, 2009 12:32 pm

SNAP Interactive, Inc. (STVI.OB) Reports Financial Results for Second Quarter 2009

SNAP Interactive, Inc., a leading provider of online dating applications for social networking websites, today announced its operating results for the quarter ended June 30, 2009. Revenues for the quarter totaled $784,242, as compared to $533,257 in Q2 2008, a 47% year-over-year increase. Net income for the three months ended June 30, 2009 was $46,430 versus net income of $144,862 for the three months ended June 30, 2008, a 68% decrease. "We are excited to report our sixth consecutive quarter of operational profit," stated SNAP President & CEO Clifford Lerner. "We were able to maintain profitability while continuing to focus…

WednesdayAug 19, 2009 11:26 am

Cheviot Financial Corp. (CHEV) Reports Profit and Declares Dividend

Cheviot Financial Corp. declared a $0.10 dividend for the third fiscal quarter of 2009. The dividend is payable on September 30, 2009 to owners of record as of September 15, 2009. Cheviot Financial Corp. also reported net income of $225,000, or $0.03 cents per share, in its most recent completed quarter. This was approximately half the $446,000, or $0.05 per share, reported in the same quarter of 2008. The bank ended the quarter with total assets of $342.5 million and deposits of $230 million. Cheviot Financial Corp. is more than adequately capitalized and reported the following capital ratios: Tangible equity…

WednesdayAug 19, 2009 10:10 am

Beacon Equity Research Featured Company: Royal Gold, Inc. (RGLD)

Royal Gold, Inc. acquires and operates precious metals royalties, most of which contain gold and silver deposits. Royal Gold stands out from others in the industry due to its ownership of large portfolios of active, developing and exploration style royalties, located in some of the world's most prolific gold regions. The company owns royalty interests in various producing, development, evaluation, and exploration stage projects. The countries in which Royal Gold holds royalty interests includes the United States, Canada, Mexico, Africa, Argentina, Chile, Australia, the Russian Federation, Finland, Columbia, and Central America. Let us hear your thoughts: Royal Gold, Inc. Message…

WednesdayAug 19, 2009 10:08 am

Beacon Equity Research Featured Company: Activision Blizzard, Inc. (ATVI)

Activision Blizzard, Inc. is an online and personal computer, console and hand-held game publisher. The company develops, publishes and distributes video games, as well as maintains its proprietary online game-related services. Their products include Call of Duty, Guitar Hero, Quake, Tony Hawk, Over the Hedge, X-Men, and Spider Man. The company’s success can be seen in countries such as U.S., Canada, the United Kingdom, Germany, Italy, and South Korea, to name a few. Their continuous growth leads many to believe that they have the potential for value appreciation, thus alienating themselves from their competitors. Let us hear your thoughts: Activision…

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