Blog - Page 4027 of 5623

ThursdaySep 03, 2009 10:18 am

PokerTek, Inc. (PTEK) Raises Equity Capital in Private Placement

PokerTek, Inc. raised $500,000 in a private placement of stock with several different accredited investors. The company sold a total of 686,090 shares at $0.76. Lyle Berman, the Chairman of the Board of Directors of PokerTek, purchased nearly half of this private placement. PokerTek raised capital in August 2009 when ICP Electronics purchased 565,000 shares at $0.85, bringing the total net proceeds for the company to nearly $1 million. PokerTek reported a net loss in its second quarter of $1.6 million, or $0.15 per share. Revenues fell to $1.5 million, down 60% from the same quarter in 2008. Mark Roberson,…

ThursdaySep 03, 2009 10:15 am

Met-Pro Corp. (MPR) Gets Substantial Product Order

Met-Pro Corporation announced today that it received an order for one of its regenerative thermal oxidation (RTO) systems. Industrial companies use this product to treat volatile organic compounds (VOCs) and other atmospheric pollutants. The order will provide $500,000 in revenues for Met-Pro (MPR). Met-Pro Corporation reported net income of $1.2 million, or $0.08 per share, in its second fiscal quarter. The company’s balance sheet is unlevered and ended the quarter with $29.2 million in cash, and debt of $3.8 million. Raymond J. De Hont, the CEO of Met-Pro Corporation said, “The second quarter again demonstrated the resiliency of our business…

ThursdaySep 03, 2009 9:55 am

Americans in China

With a population of nearly 1½ billion people, roughly 5 times that of the United States, China represents a potential consumer base that is impossible to ignore. It’s of little surprise that the majority of American companies now report China as one of their top priorities, and that they expect to increase their associated efforts and investments. No longer is China seen only as a cheap source of manufactured goods for America and Europe. In spite of the world economic crisis, and concerns about its effect on China, evidence continues to point to China as an ultimately growing and powerful…

ThursdaySep 03, 2009 9:48 am

Solar Energy Initiatives, Inc. (SNRY.OB) Announces Major Development in “Renew the Nation” Campaign

Today, Solar Energy Initiatives, Inc. published letters of intent outlining the plan to install and operate approximately 4 megawatts of photovoltaic systems on government buildings in several municipalities across the United States. This announcement follows the company’s plan to focus on executing on a grass roots campaign, "RENEW THE NATION", designed to help redeploy a portion of the U.S. workforce and reduce the world`s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies. Anticipating a completion date in 2010, the company will provide all solar equipment for on-site installation, and will sell the newly generated solar energy…

ThursdaySep 03, 2009 9:18 am

Dragon Capital Group’s (DRGV.PK) Subsidiary Receives Acclaimed Award for Technology Achievement

The Dragon Capital Group Corporation is a leading holding company of emerging high-tech companies in China. While business has been improving at Dragon, the young company may be on the verge of even more success due to its subsidiary, Shanghai Yastand Information Technology Company. Shanghai Yastand Information Technology Company has received a major award for technology achievement from the Shanghai Municipal Government for developing a city gas pipeline risk assessment system. To go along with this new development, Shanghai Yastand has renewed its agreement with Shanghai North Gas Company, Limited to fully implement the pipeline risk assessment system which monitors…

ThursdaySep 03, 2009 8:29 am

eDOORWAYS Corp. (EDWY.PK) Kicks the Door off the Hinges in Computer Social Networking

Social networking has come a long way. Before computers, the original way to network was through physical social interaction. Whether it was a party or function or other social activities such as camping with friends and family, these were very important activities that promoted social growth. These were all wonderful ways to socially interact but without trade, commerce and physical movement from town to town and/or country to country, the happenings within these areas stayed in these areas. The main form of communication was prompted by horseback and messengers. Travelers who moved through towns brought with them stories of their…

ThursdaySep 03, 2009 7:53 am

EcoBlue Products, Inc. (ECOB.OB) Products to be Carried by Lowe’s Hardware

Wood product and framing components manufacturer EcoBlu Products, Inc. excitedly announced yesterday that they are expanding their product distribution. This fall, Lowe's hardware stores will feature EcoBlu's BluWood Framing Lumber Products in Texas and California locations, while EcoBlu's Engineered Wood Products will be available in the San Diego. All of EcoBlu's Framing Lumber Products that employ BluWood technology feature a proprietary, non-toxic, eco-friendly coating that resists mold, wood-rot, decay and termites, creating long-lasting wood components - perfect for the Framer and Builder. Steve Conbody, President and CEO of EcoBlu Products, stated, “Our EcoBlu and BluWood products offer Framers and Builders…

ThursdaySep 03, 2009 7:40 am

Frisch’s Restaurants, Inc. (FRS) Boosts Dividend By 8%

Frisch's Restaurants, Inc. (FRS) declared a $0.13 dividend, up 8% or $0.01 from the previous quarter. The company has paid a dividend for 195 consecutive quarters, starting with its first quarter as a public company in 1960. The dividend is payable on October 9, 2009 to shareholders of record on September 21. Frisch's Restaurants reported net income of $2.9 million, or $0.56 per share, in its fourth fiscal quarter that ended 6/2/2009. Revenues were $71 million, down 4% from the same quarter of 2008. Same store sales were up 4% in the quarter. Frisch's Restaurants, Inc. operates a chain of…

ThursdaySep 03, 2009 7:36 am

Axial Vector Energy Corp. (AXVC.PK) Announces Approaching Launch of New Website and Business Model

Axial Vector Energy Corp. announced this morning that its new corporate website including special access for OEMs (Original Equipment Manufacturers for Engines) will be launched on Tuesday, September 8th at 9:30 AM Eastern Time. A comprehensive update letter from the new Chairman, Mr. Samuel Higgins and President & CEO, Mr. Sanjai Chhaunker will also be included in addition to two new videos. The first video provides an overall explanation of the benefits of the AVEC family of technologies, while the second gives a detailed tour of the operating engine, generator, and engine control system. Mr. Sanjai, Chhaunker, President & CEO…

ThursdaySep 03, 2009 7:30 am

China Valves Technology, Inc. (CVVZ.OB) Facility to Begin Operations in Mid-September

A new production facility for China Valves Technology, Inc. is slated to begin formal production by mid-September 2009. The facility covers over 13,000 square meters and is equipped with state-of-the-art, fully automated machines. The construction was completed in the first quarter of 2009. At Kaifeng Valve, production will mainly focus on high-end large diameter metal valves used in thermal and nuclear power plants, as well as by the oil petrochemical and water supply and drainage industries. The new facility will produce high-quality forged steel valves for use in supercritical thermal power generating units. China Valves Technology believes itself to be…

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