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ThursdayJan 28, 2010 11:43 am

Toyota (TM) Steps On The Gas With Recall While Share Price Brakes

Toyota Motor Corp. accelerated its massive recall of cars over fears of potentially malfunctioning gas pedals as shares continued to decelerate, tumbling from their high of $91.78 to under $79 in a little over a week. The recall has now been expanded to include an additional 1.09 million vehicles in the U.S. (the 2008-2010 Highlander, 2009-2010 Corolla, 2009-2010 Venza, 2009-2010 Matrix, and 2009-2010 Pontiac Vibe). Already targeted cars include the 2009-2010 RAV4, 2005-1010 Avalon, certain 2007-2010 Camry, 2007-2010 Tundra, and 2008-2010 Sequoia. All of this comes on the heels of Toyota’s announcement of a huge sales and production suspension of…

ThursdayJan 28, 2010 11:26 am

Callon Petroleum Inc. (CPE) Stockholders Vote to Increase Number of Shares for Expansion

The oil and natural gas exploration and development game is nothing short of a roll of the dice from a company point of view. One can use all the technology in the world to find it and get it out of the ground but end up with a market price barely worth the effort. On the other end of the spectrum, one may get the product out of the ground as market conditions become exceedingly favorable. This is just the nature of the exploration process for a commodity. Presently, oil and natural gas are in favor. A company that can…

ThursdayJan 28, 2010 11:21 am

CHDT Corp. (CHDO.OB) Subsidiary Receives Eco-i-Lite Re-Orders from Brazilian Distributor

Capstone Industries Inc. is a wholly-owned subsidiary of CHDT Corporation, which is a holding company that engages in the development, manufacturing and distribution of innovative consumer products to retailers and wholesalers throughout the Americas. Capstone announced today that it has received its first re-order from its distributor in Brazil. The re-order consists of both the original Eco-i-Lite and Mini Eco-i-Lite. These goods are marketed online, in magazines and in stores throughout Brazil. Produced in China, the Eco-i-Lite products were designed to be lightweight and easy to use, making them ideal for disasters as well as everyday household needs. Designed as…

ThursdayJan 28, 2010 11:20 am

KEMET Corporation (KEME.OB) Posts Preliminary Fiscal Q3 10 Results, Marking $200M in Quarterly Sales

Electronics component manufacturer KEMET Corp. today reported preliminary results for the third fiscal quarter ended December 31, 2009, posting improvements across the board over third fiscal quarter 2009. The company reported a 4.8-percent increase in net sales for the quarter to $199.9 million as compared to the third quarter a year earlier, representing a 15.3 percent increase over the second-quarter ended September 30, 2009. On a U.S. GAAP basis, net loss was $1.8 million, or $(0.02) per share, for the third quarter of fiscal year 2010, as compared to net loss of $13.1 million, or $(0.16) per share, for the…

ThursdayJan 28, 2010 10:16 am

SkyPostal Networks, Inc. (SKPN.OB) Awarded Mail Delivery Contract into Latin America

SkyPostal Networks, Inc. is a young company that has earned a stellar reputation as a top-flight international wholesale mail distribution entity that specializes in the hand delivery of commercial mail, periodicals and parcel post into the Latin Caribbean region. Today, SkyPostal announced it has been awarded a major mail delivery contract into Latin America by the French National Postal Service La Poste. This contract with La Poste is valued at $2 million and will allow SkyPostal to deliver mail originated from France, the United Kingdom and La Poste’s Office of Exchange in the US to Latin American and the Caribbean…

ThursdayJan 28, 2010 10:12 am

ImmuneRegen BioSciences, Inc. (IRBS.OB) to Work with NIH

Yesterday, IR Biosciences Holdings’ wholly owned subsidiary, ImmuneRegen BioSciences Inc., announced the execution of an agreement with the National Institute of Health to commence studies utilizing the company’s Homspera. As per the agreement, the NIH will perform exploratory studies on Homspera relating to mucosal immunity that could possibly lead to evaluation in models of HIV infection. Recent studies have shown Homspera to enhance the efficacy of a novel cancer vaccine. Previous studies have yielded the same results related to infectious disease vaccines, specifically influenza. The studies to be performed at NIH will expand on the previous research and will further…

ThursdayJan 28, 2010 10:06 am

Miller Petroleum (MILL) Announces Six Million in Equity Investment

Miller Petroleum closed on a $6 million equity investment from an unnamed third party. The funds will be used for capital expenditures related to a recent acquisition by the company. In December 2009, Miller Petroleum purchased the oil and gas operations of Pacific Energy Resources, a company that was in Chapter 11 bankruptcy proceedings. The company did not disclose a price. Pacific Energy Resources had proved reserves of 5.6 million barrels of oil and 3.7 billion cubic feet (bcf) of natural gas located in Alaska. The discounted net present value of the reserves as calculated under SEC regulations is $325…

ThursdayJan 28, 2010 10:03 am

CrowdGather, Inc. (CRWG.OB) Announces Successful Completion of Social Media Marketing Campaign

CrowdGather, Inc., one of the leading networks of forum communities on the Internet, recently announced that the company has completed the delivery of an integrated advertising and social media marketing campaign through its CrowdBlu website to an undisclosed client. Launched in December 2009, the marketing campaign included run-of-network display advertising, user surveys and user-generated video contest. CrowdGather’s management team intends to leverage the success of this campaign to secure new clients for its integrated viral marketing services. CrowdGather provides highly interactive and informational social network services and management of revenue-sharing resources for third-party forum owners. The CrowdBlu website (www.crowdblue.com) promotes…

ThursdayJan 28, 2010 10:01 am

Pacific Bepure Industry Inc. (PBEP.OB) Expects to Post 25% Hike in FY 2009 Sales

Despite a slow first-half in 2009, Pacific Bepure Industry Inc., one of China’s leading footwear companies, yesterday announced a spike in domestic footwear sales that contributed to a 25 percent increase in full-year sales. The company’s four lines of Travel Time casual and sports shoes are popular among young women in smaller cities in China. Pacific Bepure manufactures the footwear and sells them in 22 provinces through retail stores and various other outlets, including the Internet and a distributor in South America. Pacific Bepure said it was able to balance sales by maintaining cost control, generating increases in margins for…

ThursdayJan 28, 2010 9:47 am

Consorteum Holdings Inc. (CSRH.OB) Secures Private Placement Financing

Consorteum Holdings, Inc. was pleased to announce this morning that it has reached an agreement to raise additional financing with private investors. According to the press release, these investors have already had an investment interest in the company. This agreement will provide for an initial investment of up to $1,000,000 USD in the first two fiscal quarters of 2010. Consorteum will use the funds to enhance the delivery schedules of current contracts as well as to pursue additional contracts in North American and International markets. This marks the first 2010 financial engagement for Consorteum Holdings as it focuses on new…

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