Blog - Page 3985 of 5634

MondayOct 26, 2009 3:28 pm

Entree Gold, Inc. (EGI) Receives Critical Mining Licenses

Entree Gold Inc., a Canadian mineral exploration company, announced today that its application for conversion of the Shivee Tolgoi and Javhlant exploration concessions to mining licenses has been approved by the Mineral Resources Authority of Mongolia. The sites are located in southern Mongolia, not far from the northern border of China, and total over 75,000 hectares, or about 185,000 acres. The Javhlant license, along with the eastern portion of the Shivee Tolgoi license, are subject to a joint venture with Ivanhoe Mines Ltd through its subsidiary Ivanhoe Mines Mongolia Inc. LLC (NYSE: IVN, Nasdaq: IVN). The license sites completely surround…

MondayOct 26, 2009 3:25 pm

October 26th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CVM, CHIP, GERS, IMUC, IWEB, NXOI, OMCM, ONEZ, SIHI Volatile trade characterized much of last week as markets searched for direction in the wake of a multitude of earnings reports that left investors wondering as to the overall state of recovery and sent all of the major indices modestly into negative territory. All told, the Dow surrendered 23 points on the week, losing 0.2% to close at 9972, paring its yearly gains to 13.6%. The Nasdaq lost 0.1% on the week, closing at 2154, but still up 36.6% on the year, while…

MondayOct 26, 2009 3:25 pm

Evergreen Solar Inc. (ESLR) Opens Berlin-Based Headquarters to Strengthen European Presence

Evergreen Solar Inc. has emerged as a recognizable figure in the solar power industry. The company develops, manufactures and markets String Ribbon™ solar power products for residential and commercial applications around the world. The solar manufacturer today announced the recent opening of its Europe-based headquarters in Berlin, Germany, which is expected to extend the reach of the company’s presence in the German market. With headquarters in Berlin, the company anticipates taking advantage of solar incentives and the accelerated business growth in Europe. “Berlin is an ideal location for us to establish our European headquarters,” Peter Rusch, managing director of Evergreen…

MondayOct 26, 2009 2:32 pm

Home Shopping Latino, Inc. (HSPG.PK) is “One to Watch”

Home Shopping Latino, Inc. is focused on launching a QVC-style television network under the name "Viva Telecompras" for selling gemstones, jewelry, vitamins, and beauty care products. All the merchandise will be provided by third-party wholesalers. To enhance consumer response, the company intends to use well known Hispanic celebrities. The company is particularly interested in marketing high-quality, high-margin gemstones from Madagascar and has developed exclusive relationships for this purpose. As its distribution network develops, management plans to import gemstones directly from Madagascar and subcontract with jewelry manufacturers in Florida to offer viewers exceptional value while maintaining a high profit margin. Management…

MondayOct 26, 2009 12:24 pm

VIASPACE, Inc. (VSPC.OB) Subsidiary Reports Increasing Sales, Expanded Distribution of Framed Art

VIASPACE Inc. announced earlier today that its framed-art subsidiary Inter-Pacific Arts (IPA) signed sales contracts with four new customers. These customers included two large furniture chain-retailers on the East Coast and two high-volume furniture wholesalers that sell through catalogs and outlet stores. Shipments are anticipated to begin before this year's holiday season. According to the press release, the subsidiary is also in discussions with other retailers and wholesalers, including "big box" wholesale-to-the-public membership clubs. IPA realizes that the economic downturn has affected all areas of consumer spending. However, the subsidiary’s commitment to increasing its customer base is expected to enhance…

MondayOct 26, 2009 11:06 am

NanoViricides, Inc. (NNVC.OB) Reports Progress in Drug Development Programs and Fiscal Responsibility

One company that has been gaining acclaim in their industry, but not on Wall Street, is NanoViricides. An odd series of events is causing confusion in the marketplace. NanoViricides is a development stage company that is creating special purpose nanomaterials for viral therapy. Based in Connecticut, the young company has gained raved reviews for its HIVCode which could result in a functional cure for HIV/AIDS. Besides the HIVCode, NanoViricides has been making progress in all aspects of their company. NanoViricides has reported that it is well-financed into the future and its game changing anti-viral and drug programs have continued to…

MondayOct 26, 2009 11:03 am

Honeywell International Inc. (HON) Third Quarter Profit Declines but Beats Expectations

Honeywell International Inc., a Fortune 100 diversified technology and manufacturing leader, recently announced that the company’s third-quarter profit fell 15 percent due to slower sales in all its divisions with aviation and industrial products continuing to struggle. For the third quarter ended September 30, the company earned $608 million, or 80 cents per share, down from $719 million, or 97 cents per share, one year ago. In addition, revenue declined 17 percent to $7.7 billion, down from $9.28 billion during the third quarter of 2008. Analysts surveyed by Thomson Reuters expected lower earnings of 72 cents per share on higher…

MondayOct 26, 2009 11:01 am

Gran Tierra Energy (GTE) Finds itself Ahead of Oil Production Targets and Possible Royalty Payments

Being in the right place with the right product is more than half the game when it comes to making profit. The oil commodity market is a prime example. There will be times when the price for the commodity is down and a company needs to retrench. Other times find the market flying high with profits flowing nicely. In either event, a company must be ready for the cycle to change. If a company can time there activities to match what "may" happen in the pricing cycle, large profit windfalls can occur. Gran Tierra Energy Inc., an oil and gas…

MondayOct 26, 2009 10:57 am

Magnum Hunter Resources Corp. (MHR) Secures $150M Revolving Credit Facility

Magnum Hunter Resources Corp. announced today a three-year, senior secured, revolving credit facility with the Bank of Montreal (BMO). This new $150 million bank facility will be regulated via a semi-annual redetermination of its borrowing base, whose value will be allocated to MHR’s proved crude oil and natural gas reserves. MHR, and its subsidiaries, is an independent oil and natural gas exploration and production company based in Houston, Texas. Focused on leveraging the expertise of its management team to create maximal value for its shareholders, MHR enjoys an annual ROI of approximately 37%. The price of shares jumped 11% in…

MondayOct 26, 2009 10:54 am

West Coast Bancorp (WCBO) Raises Capital through Preferred Stock Offering

West Coast Bancorp raised capital of $155 million in an offering of two separate issues of Convertible Preferred Stock to institutional investors, including MFP Partners, L.P., Castle Creek Capital, and GF Financial, LLC. West Coast Bancorp issued 1.43 million shares of Series A Mandatorily Convertible Participating Preferred Stock and 0.12 million shares of Series B Convertible Participating Preferred Stock. The Series A stock is convertible into 71.4 million shares of West Coast Bancorp at a price of $2.00 per share. The Series B stock is convertible into 6.1 million shares of West Coast Bancorp also at a price of $2.00…

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