Blog - Page 4023 of 5387

FridayNov 14, 2008 11:50 am

Chembio Diagnostics, Inc. (CEMI.OB) Reports Strong Third Quarter Results

Chembio Diagnostics, Inc. (CEMI.OB), a company that develops, manufactures, and markets simple and cost-effective testing devices, recently announced its financial results for the third quarter 2008. Chembio is focused on high-quality rapid testing kits for detecting diseases such as HIV and tuberculosis to the worldwide market. In the third quarter 2008, Chembio recognized total revenue of $3.52 million, which is a 52% increase compared to the same period in 2007 of $2.31 million. The company’s positive revenue numbers were mainly due to the company’s strong sales of its HIV testing kits in the U.S. and in Africa along with its…

FridayNov 14, 2008 11:30 am

Basic Earth Science Systems, Inc. (BSIC.OB) 2nd Quarter Results Show Upside of Higher Oil and Gas Prices

Basic Earth Science Systems, Inc. today reported its operating results for the 2nd Quarter ending September 30, 2008. Basic Earth is an independent oil and gas exploration company. Benefitting from higher oil and gasoline prices earlier in 2008, net income rose to $946,000. Oil and gas revenue was $2,697,000. Compared to the same period in 2007, net income was 120% higher and sales revenue was 51% higher. Asked to comment on the company’s impressive results, Basic’s President, Ray Singleton, said the “combination of high commodity prices and the effect of our new Colorado wells coming on production have certainly supported…

FridayNov 14, 2008 11:03 am

StemCells Inc. (STEM) to Present Study Results at the Society for Neuroscience Annual Meeting in Washington, D.C.

StemCells Inc. (Nasdaq: STEM) is a clinical-stage biotechnology company focused on the development and commercialization of cell-based therapeutics to treat diseases of the central nervous system and liver. Though controversial to many people, cell-based discoveries are important in medical and scientific advances. The company’s HuCNS-SC product candidate (purified human neutral stem cells) is undergoing clinical trials to treat retinal and spinal cord damage and will soon be showcased to neuroscientists around the globe. StemCells today announced it will present the results of its retinal degeneration and spinal cord injury research program at the Society for Neuroscience Annual Meeting later this…

FridayNov 14, 2008 10:31 am

China North East Petroleum (CMEH.OB) Sales Jump 227%

China North East Petroleum Holdings Limited, a pioneer in China’s oilfield drilling and production industry, today announced a spectacular increase in revenue and net income for the third quarter of 2008. Total sales for the third quarter increased 227% over the same quarter last year to $19.7 million. The jump was due to an increase in crude oil production, and the price received for crude oil from PetroChina (PTR), the company’s sole customer. Crude oil production doubled to 172,730 barrels over the same quarter last year. The production boost was attributed to refracturing improvements, and the implementation of water injection…

FridayNov 14, 2008 10:28 am

Medical Connections Holdings, Inc. (MCTH.OB) Reports 58% Revenue Increase

Medical Connections Holdings, Inc., a fast growing national provider of medical staffing services, has reported a 58% increase in revenue for the third quarter, 2008. The company declared quarterly revenues of $1,855,671, versus $1,176,850 for the same quarter 2007. Also given were revenue figures for the nine months ending September 30, 2008, representing an increase of 64%, to $5,346,080. The results are an important step in the company’s continued drive toward profitability, representing a decrease in net loss margin by 30% period to period. Anthony Nicolosi, the company’s president, commented, “We are very excited with our year-to-date results and anticipate…

FridayNov 14, 2008 8:11 am

Simtrol Inc. (SMRL.OB) Builds Success with an Established Board of Directors

Simtrol Inc. has been making their mark in the ever-changing world of technology by developing products that bring technologies together. Simtrol addresses connected devices on the “messy edge” of the network such as medical devices, interactive whiteboards, security cameras, digital signage and DVR’s. While this is a complex field, the leadership at Simtrol has the company poised to make its mark in the future and a large part of their recent and future success has to be attributed to their Board of Directors. Leading the way on the Simtrol Board of Directors is Dallas S. Clement. Clement has served as…

FridayNov 14, 2008 8:08 am

US Precious Metals Inc. (USPR.OB) Assay Results Add to Reserve Expectations, Calculated Development Program Continues

In today’s market, many investors are parking their money on the side-lines. There is obviously no safer place than cash in a market that is fairly unpredictable. Leaving that money on the sidelines, however, means just that, leaving it to sit. Some investments have a fairly long lead time and require patients and foresight. If an investor is willing to look at the distant horizon with some investment capital that is to be idle for some time anyway, perhaps letting it go to work in another fashion is a way to profit when there are few other options to follow.…

FridayNov 14, 2008 4:59 am

GreenChek Technology Inc. (GCHK.OB) – Hydrogen for Every Vehicle

GreenChek Technology Inc. provides innovative world-class mobile Greenhouse Gas (GHG) emissions reduction technology by designing Onboard Hydrogen Generation and Injection technologies (OHGI). The GreenCheck proprietary process separates distilled water (H2O) into its two base elements, hydrogen and oxygen, using a hydrogen on-demand system. The GreenCheck system then injects the hydrogen and oxygen into the engine resulting in large decreases in emissions and reduction in fuel consumption when utilized with traditional engine combustion technology. When the automobile is turned off, the hydrogen remains un-separated as water in a separate tank. This greatly adds to the feasibility and safety of using hydrogen…

FridayNov 14, 2008 4:58 am

BioSolar, Inc. (BSRC.OB) Starts Pre-Production Process of BioBacksheet™

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Imagine a totally green solar panel with materials derived from cotton and castor beans. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based components. The company expects to begin commercial production of its BioBacksheet(TM) over the next few months and is gearing up for pre-production runs. The backsheet is a protective covering, traditionally made from petroleum-based film, used in the back…

FridayNov 14, 2008 4:56 am

China Architectural Engineering Inc. (CAEI) Posts 107% Increase in Revenue for Q3 2008

China Architectural Engineering Inc. has been shaping the skyline with the design, engineering and installation of high-end curtain wall systems made from glass, stone, and metal. Their products have been used widely in many types of buildings. In the past 15 years, China Architectural has designed and constructed nearly one hundred projects of different scales throughout China and Southeast Asia. The company boasts a total of 53 patents for their technology and modules. Third quarter 2008 financial results came through recently with clear gains in a number of areas. For the Company’s third quarter ended September 30, 2008, revenues totaled…

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