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MondayFeb 08, 2010 1:46 pm

Triangle Petroleum Corp. (TPLM.OB) Acquires Acreage in North Dakota Bakken Shale Play, Partners with Slawson Exploration

Triangle Petroleum Corp. announced today the acquisition of 4,000 net acres in North Dakota’s McKenzie and Williams counties, as well as the introduction of a new strategic focus in ND’s Bakken shale play and a partnership with Slawson Exploration to acquire and develop sites from the Three Forks and Middle Bakken formations in the Williston Basin. An independent oil and gas exploration company founded in 2006, Triangle Petroleum also has 475k gross acres in Nova Scotia’s Windsor Block. CEO of TPLM Dr. Peter Hill declared the Bakken Shale to be the Company’s new core area of U.S. operations. This decision,…

MondayFeb 08, 2010 1:43 pm

Biopack Environmental Solutions Inc. (BPAC.OB) Enters Discussion to Expand Production Operations in Southern China

Biopack Environmental Solutions Inc. is a designer, manufacturer and supplier of 100% biodegradable consumer packaging products. The company manufactures these packaging products in China from locally available sugar cane waste called 'bagasse'. Biopack's unique line of packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. The company today announced that it has entered into discussions with local Chinese officials to expand its operations, with the development and construction of a new manufacturing facility in the southern Chinese province of Guangdong. Located a short distance from Biopack's current production operations, discussions are with the Jiangmen…

MondayFeb 08, 2010 1:41 pm

Deer Consumer Products Inc. (DEER) Secures Strategic Acquisition, Raises 2010 Guidance

China-based Deer Consumer Products Inc. is one of the world's largest designers and OEM/ODM manufacturers of home and kitchen electronics, which it markets domestically and internationally. The company recently acquired the assets of a leading regional kitchen electronics manufacturer focused on Chinese domestic markets. The two companies anticipate full integration by the second quarter of 2010, and the acquisition will be accretive to Deer’s 2010 earnings. The acquisition is expected to contribute about $20 million in sales and $2 million in net income for 2010. Deer also recently raised its 2010 revenue guidance to about $155 million, up from previous…

MondayFeb 08, 2010 1:37 pm

Richmont Mines Inc. (RIC) Readies Additional Canadian Projects, Sets 500,000 oz. Gold Production Goal

Once a company has a base formed it is in a solid position to set a course of its choosing. This is especially true when a company is operating in a product/commodity area that is currently at higher price levels. One must keep an eye on these types of investments. Richmont Mines Inc., an exploration and development company, focuses on the discovery, development and marketing of gold deposits primarily in Canada. The company currently operates at locations within Ontario, Quebec, Newfoundland and Labrador, Canada. The company is currently debt free and expects to remain in this position. The company controls…

MondayFeb 08, 2010 12:24 pm

Genta Inc. (GETA.OB) Begins Phase 2 Trial of Tesetaxel

Today, Genta Inc. announced that the company has begun treatment of the first subject in a new Phase 2 trial of tesetaxel, used in relation to advanced melanoma. The study was initiated at the Anderson Cancer Center in Houston, TX, the lead center for Genta’s last two clinical trials in melanoma that have enrolled approximately 1,100 patients. As a late Phase 2 oncology product, tesetaxel is the leading oral taxane currently in development. Unlike its competition, the tesetaxel capsule can be taken orally. The study will examine the effects of tesetaxel in patients with advanced melanoma who have already been…

MondayFeb 08, 2010 12:21 pm

Energtek, Inc. (EGTK.PK) Hits The Road

Energtek Inc., leading developer of the revolutionary ANG (Adsorbed Natural Gas) process for the containment and transportation of natural gas, is facing a potential market of truly grand proportions as it begins applying ANG technology to on-the-road vehicles around the world. Globally, there are over 1 billion motor vehicles currently operating, including millions of 2-3 wheeled motor vehicles commonly used in Asia. Rapidly developing countries are seeing huge increases in vehicle numbers, with a corresponding jump in the demand for fuel, which in turn has caused additional fuel supply and air quality problems. All of this has accentuated the search…

MondayFeb 08, 2010 10:12 am

Northwest Biotherapeutics, Inc. (NWBO.OB) and Market Media Join Forces

One company that is on the move is Northwest Biotherapeutics. Located in Bethesda, Maryland, Northwest Bio. has made a name for themselves as a biotechnology company that focuses on developing immunotherapy products that treat cancers more effectively that any current treatments. A key to Northwest Bio’s success is that they do not use toxicities of the kinds that are associated with chemotherapies, while keeping the treatments cost-effective. While Northwest Bio. has a strong product in place that is beneficial to both the community and investors alike, they need more recognition and that’s why they have appointed Market Media Connect as…

MondayFeb 08, 2010 10:06 am

Unemployment Rate Falls, yet Outlook still Grim

The outlook for jobs became a bit less bleak Friday after the government released January's unemployment rate showing an unexpected decline from 10 percent to 9.7 percent, the first drop in seven months. However, the White House forecasts an average unemployment rate of 10 percent for 2010. President Barack Obama said the drop in the unemployment rate was "cause for hope but not celebration." Obama said the figures show modest progress, but he cautioned that the data will continue to fluctuate for months. In this recession, the job market is still weighed down by little to no hiring due to…

MondayFeb 08, 2010 10:02 am

Use of Accuray Inc.’s (ARAY) CyberKnife System Continues to Rise

Global leader in the radiosurgery field, Accuray Inc. announced Friday that its CyberKnife radiosurgery has been used in treatment of over 12,000 courses of lung cancer. The rate continues to climb, demonstrated by a 25 percent increase in 2009. CyberKnife offers lung cancer patients a non-invasive treatment to be completed in completed in five or fewer visits, and is both painless and non-surgical. The CyberKnife System uses continual image guidance along with continual correction for respiratory motion, allowing it to deliver high-doses of radiation to the tumor from hundreds of angles with pinpoint precision. Judith, a lung cancer survivor, shares…

MondayFeb 08, 2010 9:58 am

Unitil Corp. (UTL) Reports Decline in Net Income

Unitil Corp. reported net income of $1.2 million, or $0.11 per share, in the fourth quarter of 2009, down significantly from the $3.2 million, or $0.53 per share, reported for the same quarter of 2008. The company attributed the decline in earnings to adverse weather in its area of business in New England, which resulted in extraordinary legal fees and an accounting charge by state regulatory authorities. Excluding these charges, the company earned $5.1 million, or $0.47 per share, in the fourth quarter of 2009. Bob Schoenberger, the CEO of Unitil Corporation, said, “We had a challenging year in 2009…

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