Blog - Page 3946 of 5664

MondayJan 11, 2010 11:55 am

Medical Care Technologies Inc. (MDCE.OB) to Acquire New Technology in Exchange for Stock

Medical Care Technologies Inc. disclosed some of the details about its finalization of an agreement with Great Union Corporation (GUC), whereby MDCE will acquire technologies from GUC information systems in exchange for shares of common stock. While the transaction is, of course, subject to some closing conditions, the Board of Directors for both companies were unanimous in signing the deal which will provide MDCE with GUC’s various technologies in exchange for 57.3 million shares of common stock, allowing for increased vertical integration in MDCE’s primary sectors of operation. The technology will enable the development of a healthcare and delivery site,…

MondayJan 11, 2010 11:47 am

Artfest International, Inc. (ARTS.OB) Appoints Lawrence Castro as Senior VP of Sports and Education

In a move to further fortify its executive management team, Artfest International Inc. announced today that globally recognized sports marketing expert, Lawrence Castro, has joined Artfest and its wholly-owned subsidiary – Charity Sports Distributors – as senior vice-president of sports and education. Artfest International is a leading edge arts distribution company that brings together artists, designers, investors, private collectors and art galleries. In his role, Mr. Castro will lead the expansion of Artfest's sports business. As a prominent figure in the sports industry, he will tap into his vast network to create a larger product portfolio, increase sales venues, and…

MondayJan 11, 2010 9:31 am

Advanced Cell Technology (ACTC.OB) Provides Update on Embryonic Stem Cell Clinical Trials

Advanced Cell Technology, Inc., an emerging biotechnology company that specializes in the development of cellular therapies for the treatment of rare and common diseases that impact millions of people worldwide, recently announced an update regarding its clinical trials utilizing embryonic stem cells to treat eye disease. Advanced Cell Technology has received notification from the U.S. Food and Drug Administration (FDA) that the agency is currently drafting a response regarding its Investigational New Drug application it filed in November 2009. Advanced Cell Technology expects a response from the FDA within the next few weeks. William M. Caldwell IV, Advanced Cell Technology’s…

MondayJan 11, 2010 9:30 am

Daybreak Oil and Gas, Inc. (DBRM.OB) Reports Results of Three Wells

Daybreak Oil and Gas, Inc. reported the results of three wells drilled at its East Slopes Project in Kern County, California. All three wells were targeting the Vedder Sand formation. The Bear #2 was drilled to a depth of approximately 2,500 feet. The well was completed and is currently producing at a rate of 50 barrels of oil per day. The company plans further development at the area, including a possible horizontal well. The Sunday #4-H was a horizontal well and hit approximately 20 feet of net oil pay. The well is currently being completed. The Black #1 was an…

MondayJan 11, 2010 9:28 am

COMSYS IT Partners, Inc. (CITP) Revises Fourth Quarter Guidance

Staffing and consulting service experts COMSYS IT Partners, Inc., announced recently that it is has revised its guidance upward for the fourth quarter of 2009. The company stated that their revised net income and earnings estimates exclude an expected reversal of a previously recognized portion of restructuring expense related to their Washington DC area lease. The revision also excludes potential effects of its quarterly review on the recoverability of its deferred tax assets. As per the revision, COMSYS now expects to report revenue in a range of $170 million to $175 million for the fourth quarter and net income in…

FridayJan 08, 2010 3:52 pm

China Yongxin Pharmaceuticals Inc. (CYXN.OB) Announces Opening of Multiple Stores in 2009, Improved Revenues

China Yongxin Pharmaceuticals Inc. is a leading manufacturer, distributor and retailer of Chinese traditional medicines, pharmaceutical products, natural health products, health food, cosmetics and medical equipment in Northeastern China. The Company today gave a run-down of 2009, announcing that it has opened three new stores last year, reflecting a revamp in its sales strategy. Yongxin Liu, chairman and CEO of China Yongxin, stated that the company’s focus on the Chinese healthcare market is supported by the government’s call for reform and the company’s ability to offer various products to meet demand. "With enhanced government support, specifically the commencement of China's…

FridayJan 08, 2010 1:42 pm

Consorteum Holdings, Inc. (CSRH.OB) Becomes Key Link to New Market

Consorteum Holdings Inc., a Canadian based provider of creative financial transaction solutions, sees a clear and unmet need in the financial transaction market which it has positioned itself to fill. Financial processors essentially just settle credit, debit, and ATM transactions on behalf of their own network of merchants and associated financial institutions. However, they also possess the infrastructure and client base to provide a number of additional products and services, which they could do if they formed partnership agreements with organizations that supply value-added services in the card/payment industries. In spite of this opportunity, today’s processors do not seem to…

FridayJan 08, 2010 1:36 pm

Viper Powersports Inc. (VPWI.OB) Subsidiary Signs Joint Venture with Ilmor Engineering

Viper Motorcycle Company, a subsidiary of Viper Powersports Inc., and Ilmor Engineering Inc. today announced that they have executed the manufacturing agreement outlined in the letter of intent dated October 6, 2009. Viper Motorcycle and Ilmor will partner on the manufacture of an Ilmor designed and developed Viper Motorcycle 152 cubic inch V-twin engine. Partnering with Ilmor looks like a smart choice. Ilmor Engineering is one of the most successful race-engine design manufacturing firms in the world. The company is best known for its expertise and success in the highest levels of automobile racing. Ilmor has over 200 Indy Car…

FridayJan 08, 2010 1:34 pm

Cereplast, Inc. (CERP.OB) Moves to List Shares on NASDAQ or AMEX

Cereplast, Inc., the revolutionary designer and manufacturer of proprietary bio-based plastics that offer a functional and sustainable substitute to existing petroleum-based plastics, announced its determination to get its shares listed on NASDAQ or AMEX. The Company has taken several steps towards fulfilling this determination: • Retaining Sichenzia Ross Friedman Ference LLP (SRFF), the well-known securities law firm based in New York City to act as its legal counsel. • Appointing Mr. Steve Hanni as an independent director to the Board of Directors. • Filing a Certificate of Amendment to its Articles of Incorporation in order to initiate a 1-for-40 reverse…

FridayJan 08, 2010 10:45 am

Budget Center, Inc. (BDGN.PK) is “One to Watch”

Budget Center is focused on delivering great value to their guests. Utilizing its websites, the company will offer a balance of good, better and best products providing travel options for every budget. When shopping at any of Budget’s URLs, visitors will discover they retain quality and receive value at budget prices. The primary domains to be developed by Budget include: budgethotels.com, budgetresorts.com, budgetadventures.com, budget-cruise.com, budgetairlines.com, budgetravel.com, budgetcenter.com, budgetfishing.com, budgetentertainment.com, budgetskiing.com, budgetcharters.com, and budgetinteractive.com Budget aims to grow profitably by catering to its ever growing target market - budget category consumers worldwide. It is believed that under the current economic conditions,…

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