Blog - Page 4021 of 5387

MondayNov 17, 2008 12:05 pm

Troubled Assets Relief Program (TARP) Remains Off-Limits to Auto Industry

Press secretary Dana Perino reiterated the Bush administration's official position on offering aid to the Big Three on Monday. The White House supports assistance for the troubled automakers, but not at the expense of September's TARP rescue package. Stating that TARP was only ever intended to re-inject life into a crumbling credit market, Perino said, "The auto industry is an important part of our manufacturing base, and we want the industry to succeed and compete in the global economy. We believe assistance should come from the program created by Congress that was specifically designed to assist the automakers -- from…

MondayNov 17, 2008 12:02 pm

Nanogen, Inc. (NGEN) Revenues Up, Costs Down

Nanogen, Inc., global developer of molecular diagnostic test kits, announced remarkable revenue and cost figures for the third quarter of 2008. Not only did revenues increase by a whopping 64% to $13.8 million compared to the same quarter in 2007, the company also managed to slash sales costs by 31%. The combination has accelerated the company’s move to profitability, especially in light of the recently announced plans to merge next year with French diagnostics company Elitech. Nanogen Chairman and CEO, Howard C. Birndorf, summarized the importance of the results. “Our third quarter results continue to show the excellent progress we…

MondayNov 17, 2008 11:59 am

China Yingxia, Inc. (CYXI.OB) Quarterly Revenues Double

China Yingxia International, Inc., provider of nutritional food products and supplements primarily for the Chinese market, announced a doubling of revenues for the third quarter ending September 30. Revenue shot up to $7.5 million, a staggering 112% from the same quarter last year, while net income jumped 88%, to $3.2 million. The increase is due largely to the growth in nutritional foods, an expanding area of focus for the company. China Yingxia expanded its sales channels during the third quarter of 2008, adding 146 new franchise stores. China Yingxia founder and CEO, Ms. Yingxia Jiao, commented on the good news.…

MondayNov 17, 2008 11:57 am

Stratos Renewables Corporation (SRNW.OB) Creates a Community Spirit with Local Residents

Stratos Renewables Corporation (SRNW.OB), a company focused on becoming a major force in the sugarcane ethanol industry in Latin America, continues to keep the community in mind even while it expands. To obtain property to grow and to create sugarcane crops, Stratos must create ties with residents to expand the needed acreage to produce ethanol. Stratos has the majority of its acreage in Lambayeque, which is a rural section of Peru with the best farmland in the country. As one of the oldest communities in northern Peru, Lambayeque has not changed much in the last 500 years. The people in…

MondayNov 17, 2008 11:53 am

New Products and Contracts Generate Positive Q3 Results for China Energy Recovery Inc. (CGYV.OB)

China Energy Recovery Inc. (OTCBB: CGYV) engages in energy recovery systems with a focus on the Chinese market. The company captures industrial waste energy and uses it to generate low-cost electrical power, enabling companies to lower energy costs and reduce their carbon footprint. China Energy today announced its financial results for the nine months and third fiscal quarter ended September 30, 2008. "We announced last quarter that our company has been producing new products at an accelerated rate, and we're pleased to see that at this point in time China Energy Recovery is setting historical records for that growth," China…

MondayNov 17, 2008 9:39 am

QuoteMedia, Inc. (QMCI.OB) Reports Strong Third Quarter Results during Uncertain Economic Times

QuoteMedia, Inc. (QMCI.OB), a leading provider of stock market data and applications, announced its financial results for the period ending September 30, 2008. The company licenses interactive stock research tools like insider reports, market indices, portfolio management systems, streaming real-time quotes, and data feeds to companies such as NASDAQ, Dow Jones, Wells Fargon, Business Wire, the OTCBB, Penson Worldwide, and others. Even during this period’s upheaval in the financial markets, QuoteMedia has posted strong third quarter results. During the first nine months of 2008, QuoteMedia was able recognize a net cash balance through operating activities of $1,037,980. The net cash…

MondayNov 17, 2008 8:11 am

Performance Health Technologies, Inc. (PFMH.OB) is a Company on the Rise

Performance Health Technologies, Inc. is a New Jersey based company that develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. With an array of talented members on the Performance team, the young company’s products have been tested, accepted, and endorsed by leaders in the medical, rehabilitation and athletic communities. While Performance Health has branched out into many markets, the company has begun to make its mark in three distinct fields: Rehabilitation, Fitness and Home Care. Within each of these markets, Performance has taken a lead role in the business world and…

MondayNov 17, 2008 8:05 am

Kodiak Energy Inc. (KDKN.OB) Readies Winter Drilling Program, Comparisons to Barnett Shale Made

Now that oil and gas prices have retreated from unsustainable levels, oil and gas exploration and development companies have begun to step back and assess where their prospects for future development and profit lie. Some may sell percentages of leases while others may drill. Having data in hand to make longer term decisions will be a key element for smaller oil and gas companies going forward. Finding those companies, that have planned for the long haul, is the path to profit. Finding them is the trick. Kodiak Energy Inc., a development stage oil and gas exploration company, works to develop…

MondayNov 17, 2008 7:40 am

MyECheck, Inc. (MYEC.OB) Featured in USA Today

MyECheck Inc., a leading electronic transaction processor and provider of alternative payment solutions, was featured in a full-page USA Today advertisement. The company offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions. The company was created to meet the demand for an alternative payment solution to credit cards when buying products and services online. MyECheck’s client base is increasing constantly as retailers recognize the value of using Check 21 imaging for completing transactions. The company’s numerous customers and partners include: First Regional Bank, CardinalCommerce, Transfirst, Secure…

MondayNov 17, 2008 6:52 am

MyECheck, Inc. (MYEC.OB) Announces Second Largest U.S. Public Pension Fund as New Client

Today, MyECheck announced that it will be providing California State Teachers' Retirement Fund (CalSTRS) with its Check 21 patented software. CalSTRS is recognized as the largest U.S. teachers' retirement fund and the second largest U.S. public pension fund with a membership of 795,000 and assets of $147 billion. CalSTRS is primarily focused on providing retirement related benefits and services to teachers in public schools and community colleges. The fund administers retirement, disability and survivor benefits for California's 813,000 public school educators and their families. CEO of MyECheck, Edward Starrs, stated, “We are excited to have this high profile client added…

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