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MondayAug 31, 2009 8:53 am

Solanex Management Inc. (SLNX.OB) Signs LOI for Acquisition Set to Enhance Business Strategy

Solanex Management Inc. focuses on developing, manufacturing, distributing and marketing alternative energy technologies. The company recently announced it has signed a Letter of Intent (LOI) for the acquisition of certain sales, marketing and distribution rights for Alten Power Corp.’s waste-to-energy technology. The deal is in line with Solanex’s decision to strengthen the incineration/gasification component of its business strategy. In the company’s press release, it said the addition of gasification technology of municipal solid waste is an added benefit to potential customers, including municipal, state and federal governments. Per the agreement, the due diligence period for the LOI will close on…

MondayAug 31, 2009 8:47 am

Protalix BioTherapeutics, Inc. (PLX) Receives FDA Fast Track Designation for prGCD

Protalix BioTherapeutics, Inc., a leading biopharmaceutical company focused on the development and commercialization of proprietary recombinant therapeutic proteins, recently announced that the company has received Fast Track Designation from the U.S. Food and Drug Administration (FDA) for prGCD, the company’s proprietary plant-cell expressed recombinant form of glucocerebrosidase (GCD) for the treatment of Gaucher disease. Gaucher disease is a rare and serious lysosomal storage disorder in humans with severe and debilitating symptoms. Protalix is currently conducting a Phase III pivotal study for prGCD to be used in enzyme replacement therapy for Gaucher disease. This Fast Track Designation allows Protalix to file…

MondayAug 31, 2009 8:17 am

eDOORWAYS Corp. (EDWY.PK) Announces 10K Audit is Ready for Filing

Today, eDOORWAYS Corp. announced that it is moving forward with the completion of its 2008 10K audit. The company has posted the 10K audit to the company's new corporate website, www.edoorwayscorp.com, for review by the public. "We have met our self-imposed deadline of completing the 10K audit by today and we determined it would be best to afford shareholders the ability to acknowledge this as we enter into the filing process," stated Gary Kimmons, Chairman and CEO of eDOORWAYS Corp. Normally, after a final draft of the 10K audit is submitted to the SEC, it undergoes a filing process that…

MondayAug 31, 2009 8:02 am

Axial Vector Energy Corp. (AXVC.PK) Announces PETRO-AVEC’s Invitation to Petrochem Arabia Conference in Saudi Arabia

Axial Vector Energy Corp. announced today that PETRO-AVEC, its JV Company, has accepted an invitation to the Saudi Arabia "Petrochem Arabia" conference. Held October 4-6, the conference is under the Patronage of HRH Prince Mohammed Bin Fahd Bin Abdulaziz, Governor of the Eastern Province of the Kingdom of Saudi Arabia. The Federation of GCC Chambers as well as other major local and international organizations fully support Petrochem Arabia 2009. This conference will bring government, Saudi and international private sector companies together to examine the current opportunities and challenges being faced in the Kingdom's petrochemical industry. According to the press release,…

FridayAug 28, 2009 3:26 pm

Mainland Resources, Inc. (MNLU.OB) Expands Haynesville Shale Acreage

Mainland Resources, Inc. is leasing additional acreage in the Haynesville Shale in Mississippi and now controls 8,500 acres in this emerging shale gas play in the southeastern United States. Today’s announcement expands the acreage specified in the original agreement, which was signed in June 2009, by 500 additional acres. Mainland Resources must pay $300,000 by August 31, 2009 and the balance by October 15, 2009. When full payment is made, Mainland Resources will own a 100% working interest in the acreage. Mainland Resources, Inc. recently closed on a funding agreement with Guggenheim Corporate Funding, LLC to provide $3.5 million in…

FridayAug 28, 2009 1:25 pm

Weikang Bio-Technology Group Co., Inc. (WKBT.OB) is “One to Watch”

Weikang Bio-Technology Group Co., Inc. is a Chinese producer of Over-the-Counter (OTC) pharmaceuticals and traditional Chinese medicine (TCM) products. Trading on NASDAQ's OTCBB, the Company currently has 420 employees. Their headquarters is in Harbin, China. In addition, they have two production facilities, in Harbin and Guiyang. Weikang Bio-Technology Company, Inc. received incorporation in Florida on May 12, 2004 as Expedition Leasing, Inc. On December 7, 2007, the Company acquired Sinary Bio-Technology Holdings Group, Inc. and Sinary's wholly owned subsidiary Heilongjiang Weikang Bio-Technology Group Co., Ltd., a limited liability company in China. Sinary, with no substantive operation of their own, through…

FridayAug 28, 2009 11:03 am

Superlattice Power, Inc. (SLAT.OB) Benefits from Recent Achievements

Superlattice Power, Inc., developer of advanced high-energy batteries for use in electric cars and other demanding applications, is continuing its move toward the world’s most efficient lithium ion battery. The company recently announced that they were able to dramatically increase the driving range of an electric car, produced by EV Innovations Inc. Using a multi-stage charging process, where the charging rate was able to follow a differential curve obtained through previous experiments, in conjunction with a new battery management system, researchers were able to increase EV driving range by at least 50%. The tests were done using a 29.6 Kwh…

FridayAug 28, 2009 10:18 am

FNDS3000 Corp. (FDTC.OB) Initiates South America Market Test of Prepaid Card Roll-Out

FNDS3000 Corp. announced today that it has successfully completed the Pilot Test Phase of its prepaid card introduction, and is subsequently immediately commencing the next phase of implementation. The Market Test Phase will begin with the distribution of approx. 10,000 prepaid cards to corporate clients and their cardholders, confirming and validating the processes and systems that will be required to handle the high volume of prepaid cards that are expected to be launched later in the year,. Once favorable results of the test are confirmed, the company anticipates initiating Roll-Out in late September of this year. John Hancock, Chief Executive…

FridayAug 28, 2009 9:58 am

Heartland, Inc. (HTLJ.OB) Subsidiary Achieves $1 Million Sales Milestone

Heartland, Inc. announced this morning that Heartland Steel, its steel warehousing subsidiary, has surpassed $1 million in sales. The company specifically highlighted the fact that this milestone was reached before the completion or occupation of Heartland Steel's new state-of-the-art warehousing and distribution facility and office space in Washington Court House, Ohio. "We literally have hit the ground running," stated Randy W. Frevert, President, of Heartland Steel. "Our customer and prospect list is growing daily, and we built a 500 ton inventory of steel at competitive prices. In September, when our facility becomes fully operational, I would expect both the pace…

FridayAug 28, 2009 9:55 am

CrowdGather (CRWG.OB) Retains Bridge Relations for Investor Relations

CrowdGather, a leading network of forum communities on the internet, announced that it has engaged Bridge Relations, Ltd. to provide strategic investor relations (IR) and communications services. The IR firm combines their investor networks, skills and passion for investor relations to market clients in both Europe and North America. "We are pleased to have Bridge Relations working with us to increase the interest from the global investment community," stated Sanjay Sabnani, CrowdGather's Chairman and CEO. "Seeing the potential the Company has in both the short and long term future, we were seeking to partner with an international and highly respected…

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