Blog - Page 3962 of 5513

ThursdayJul 23, 2009 9:46 pm

Midex Gold Corp. (MDXO.OB) Announces Discovery of 80-Carat Diamond on its Magembe Diamond Property

Diamonds might be a girl’s best friend, but for Midex Gold Corp., a diamond is a call for enhanced security and exploration. Midex is focused on building a portfolio of near-term gold and diamond production projects utilizing its established relationships in the mining industry, as well as with government officials in Tanzania. The company recently announced the vendor of the company’s recently acquired Magembe Diamond Property reported that local miners recently discovered an 80-carat diamond, prompting mixed reaction from Midex. "This is one of those good news, bad news stories," the company stated in the press release. "It's good news…

ThursdayJul 23, 2009 9:44 pm

China Green Agriculture, Inc. (CGA) Leader in Chinese Fertilizer Industry

China Green Agriculture manufactures and distributes 131 different fertilizer products in 27 provinces in China. The company’s products are derived from Humic Acid, a naturally occurring compound that is found in decomposing plant and animal material that is present in peat, lignite or coal. The company uses weathered coal as its main source of raw material. Since the company’s products are considered “green” or organically based, it makes them that much more attractive in an era where many consumers and customers are more sensitive to environmental concerns. The company plans 21 new product introductions for fiscal 2009. Fertilizer products are…

ThursdayJul 23, 2009 12:20 pm

MMR Information Systems, Inc. (MMRF.OB) Shows Revenue Growth of 80%

MMR Information Systems Inc. provides consumer-controlled personal health records and electronic safe deposit box storage solutions through its wholly-owned subsidiary – MyMedicalRecords, Inc. MyMedicalRecords enables consumers to have greater control over their health and well-being by facilitating access to their medical records and other important documents. MMR Information Systems announced that its estimated revenue for the quarter ended June 30, 2009 showed an 80% increase over the same period in 2008. In addition, the company reported that its estimated revenue for the six month period ended June 30, 2009 reflected an increase of 82% from the comparable period in 2008.…

ThursdayJul 23, 2009 11:52 am

Bristol-Myers Squibb Company (BMY) Announces Merger with Medarex, Inc.

Bristol-Myers Squibb Company and Medarex, Inc. (NASDAQ: MEDX) were excited to announce that the companies have signed a definitive merger agreement providing for the acquisition of Medarex by Bristol-Myers Squibb for $16.00 per share in cash. Both companies’ boards of directors have unanimously approved the transaction, with an aggregate purchase price of approximately $2.4 billion. Medarex’s projected $300 million in net cash and marketable securities at closing would be an asset acquired by Bristol-Myers Squibb resulting in an implied purchase price of approximately $2.1 billion. James M. Cornelius, chairman and chief executive officer of Bristol-Myers Squibb, stated, “Medarex’s technology platform,…

ThursdayJul 23, 2009 11:23 am

Savoy Energy Corp. (SNVP.OB) Lays Out the Details

Savoy Energy Corp., a Houston based oil and gas company currently focused on the reworking of existing Texas wells, has detailed their plans covering their acquired wells in Gonzales County, Texas, between San Antonio and Houston. Since oil and gas recovery always involves a certain amount of risk in achieving the desired production rates and final recovery goals, even in existing and proven wells, the information is especially useful and welcome to investors who have helped fund the company’s operations. Savoy laid out a wide range of technical specifics regarding the wells, their potential, and the company’s operational plans. •…

ThursdayJul 23, 2009 9:54 am

Holloman Energy Corp. (HENC.OB) Announces Expansion of Executive Management Team

Holloman Energy Corp. announced today that it has appointed Eric Prim to the newly created role of Chief Operating Officer. Mark Stevenson, Holloman CEO, commented, “Eric's extensive management skills and engineering focus make him the perfect man for the job...we are happy to engage him more fully in this work." Eric Prim has been the Vice President of Engineering and Construction of Holloman Corporation since 1997, and part of the company’s Board of Directors since September of 2007. Prior to his involvement with Holloman, Mr. Prim served in senior technical management positions for Huntsman Corporation and Rexene Corporation. Receiving his…

ThursdayJul 23, 2009 9:38 am

Accuride Corp.’s (AURD.OB) Steel Wheels Standard Across America’s Oldest, Privately Owned, Family-Operated Trailer Manufacturer

Accuride Corp. announced earlier today that its powder coated steel wheels will be standard on all trailers produced by Utility Trailer Manufacturing Co. at their five regional manufacturing plants located in Clearfield, Utah; Paragould, Arkansas; Glade Spring, Virginia; Adkins, Virginia and Enterprise, Alabama. The new standard will take effect on October 1st of this year. Stephen Bennett, Vice President of Utility Trailer Manufacturing Co., stated, "Accuride's premium powder coating and light weight are excellent additions to Utility's premium light weight trailers. The powder coated wheels provide improved durability and corrosion resistance and compliment our stainless steel rear frames as standard,…

ThursdayJul 23, 2009 9:32 am

China Aoxing Pharmaceutical Company, Inc. (CAXG.OB) Announces Renewal of GMP Certification

China Aoxing Pharmaceutical Company, Inc., a pharmaceutical company located in China specializing in research, development, manufacturing and distribution of a variety of narcotics and pain-management products, announced this morning that it has received renewal of the Good Manufacturing Practice (GMP) certification for its capsule formulation and packaging production facility. The certificate of compliance was issued after a site inspection by the State Food and Drug Administration (SFDA). GMP compliance guarantees that pharmaceuticals, active ingredients and medical devices are manufactured and quality-controlled in accordance with state-of-the-art standards. According to the National Medicine Administration Law of the People's Republic of China, all…

ThursdayJul 23, 2009 9:25 am

First Resource Bank (FRSB.OB) Gets Hit By FDIC Assessment

First Resource Bank reported a net loss of $32,000 in its second quarter of 2009 earnings report, compared to net profit of $23,000 in the same quarter of 2008. The bank said that the loss was caused by a special assessment imposed by the Federal Deposit Insurance Corporation (FDIC) related to deposit insurance. The assessment totaled $55,000 in the quarter. The bank has a $100 million loan portfolio that is concentrated in four areas - commercial real estate, commercial construction, commercial business and consumer loans. Fifty four percent of its loans are in the commercial real estate area, and 22%…

ThursdayJul 23, 2009 9:21 am

Recon with AGR Diamond Tools (LBUV.OB)

Lean back in your chair for a moment and think why we get so involved with the world’s activities regarding the market. You can probably count several reasons that we all share in one form or another. One reason for this writer is being provided with information that can move the earth like New Zealand just did. Jumping at something and profiting by the time everyone else catches on is the art of successful investing. So in this crazy life of the market, in order for things to be manufactured, there has to be tools to make the items available…

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