Blog - Page 4034 of 5676

TuesdayOct 20, 2009 9:37 am

Tsakos Energy Navigation Limited (TNP) Contracts Vessel for Two Years

Tsakos Energy Navigation Limited announced the signing of a contract for a two-year lease on the Euronike, a suezmax size vessel that was built in 2005. The contract will result in revenue of $15.3 million over the term, with an extra $8.1 million if the contract is extended for another year. “The recent appetite of major end users to fix quality tonnage long term is encouraging and solidifies the Company's cash generating capability and ability to maintain its stated dividend policy going forward,” said Nikolas P. Tsakos, the CEO of Tsakos Energy Navigation Limited. Tsakos Energy Navigation Limited now has…

TuesdayOct 20, 2009 9:14 am

MagneGas Corp. (MNGA.OB) Teams with Eprida to Produce Environmentally-Friendly Fuel

MagneGas Corporation is the producer of MagneGas – a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented 'Plasma Arc Flow' process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower greenhouse emissions. MagneGas can be used for metal cutting, cooking, heating, or powering autos. The company announced today that it has entered into a strategic alliance agreement with Eprida Power and Life Sciences Company. The companies have agreed to collaborate for the…

TuesdayOct 20, 2009 8:59 am

eDoorways Corp. (EDWY.PK) to Present on World Stage at the Ibero-American Science and Technology Education Center’s XVII Annual General Assembly

eDoorways Corp. today announced that it has been scheduled to present at ISTEC's (Ibero-American Science and Technology Education Center) 17th annual General Assembly, held the week of October 26 - 30, 2009, on the Campus of the University of New Mexico (UNM) in Albuquerque, NM -- USA. The theme for this year's General Assembly is, "Using Technology to enable Collaboration, and Collaboration to Advance Science and Technology." Gary Kimmons, Chairman & CEO of eDoorways Corporation, stated, "This is one of those rare opportunities. Where a growing company like eDoorways has the chance to get on the 'big stage' in front…

TuesdayOct 20, 2009 7:57 am

Advanced Visual Systems, Inc. (AVSC.PK) Announces 18 Years of Leadership in Data Visualization Technology

This month marks Advanced Visual Systems Inc.’s eighteenth year of operations. The Boston-area company, which has provided software and solutions to over 2,000 customers and an estimated 10 million end-users, was one of the first to commercialize data visualization technology and now offers a lineup of six branded products that serve the diverse needs of global corporations, software makers, researchers and engineers. David M. Murray, CEO, stated, "With nearly two decades of experience providing software and solutions to a long list of leading global corporations, AVS understands what all types of decision-makers need to succeed. Our early customers were software…

TuesdayOct 20, 2009 7:49 am

Omnicity Corp. (OMCY.OB) Signs LOI for Acquisition

Omnicity Corp announced that it's continuing to move forward with its plan to become the premier consolidator in the WISP industry by signing a Letter of Intent with the wireless division of Solutions Unlimited, Inc. ("SUI") of New Castle, Indiana. Doing business as "Midwest WISP", SUI is only one of the next several acquisitions Omnicity plans to announce during the current quarter. Greg Jarman, CEO of Omnicity, stated, "We are pleased to have worked out a great deal for both Midwest WISP and Omnicity and look forward to bringing their subscribers and infrastructure into the fold. This acquisition adds another…

TuesdayOct 20, 2009 7:22 am

Information Systems Associates, Inc. (ISOA.OB) Appoints Michael Hull as Chief Financial Officer and Vince Minerva as Vice President of Data Center Services

Information Systems Associates, Inc., a leading provider of data center optimization software, services and solutions, recently announced the appointments of Michael Hull as chief financial officer and Vincent Minerva as vice president of data center services. The expansion of the Information Systems’ senior management team will help position the company for significant growth in early 2010. Vincent Minerva is a seasoned IT professional with over 27 years of experience in financial and manufacturing environments. Michael Hull’s career includes more than 11 years auditing both public and private companies for Price Waterhouse, where he advanced from audit staff to audit senior…

TuesdayOct 20, 2009 7:20 am

Black Hawk Exploration (BHWX.OB) Receives $1 Million Funding Commitment

Black Hawk Exploration, a diversified exploration company focused on finding Lithium, reported that it has obtained an equity financing agreement of up to $1,000,000. Black Hawk’s new financing agreement gives the company the right to call funds on an as needed basis. Black Hawk has already received its first tranche from the agreement. The funds will be used to obtain new claim evaluations and pay for additional operating expenses. Black Hawk’s draw of up to $1,000,000 can be made by the company’s issuance of units which consist of one share of its common stock at $0.85 US and one warrant…

TuesdayOct 20, 2009 7:17 am

Ampal-American Israel Corp. (AMPL) Secures Supply Agreement for Three Israel-based Cogeneration Plants

Ampal-American Israel Corp. is a holding company focused on acquired interests in energy and related businesses in the State of Israel or those businesses deemed Israel-related. The company has a 12.5 percent interest in East Mediterranean Gas Co. (EMC), which yesterday informed Ampal that it has secured three 18-year Gas Sale Agreements valued at $1.3 billion. These announced agreements are in addition to three previous gas sale agreements between EMG and the Israeli Electric Company, Dorad Energy Ltd., and Nesher. "The signing of the three agreements by EMG, as well as EMG’s active and ongoing negotiations with other potential customers,…

MondayOct 19, 2009 3:51 pm

October 19th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CHIP, ENZ, GERS, IWEB, OMCM, ONEZ, XSNX Markets hit fresh highs for '09 yet again last week, as the first round of earnings helped to assuage investor concerns that operating results would underpin robust gains in equities this year. All told, the Dow gained 130 points to end the week at 9995 after briefly cracking the 10,000 mark, gaining 1.3% on the week and extending its gains to 13.9% on the year. The Nasdaq gained 0.8% on the week to close at 2156, up 36.8% on the year, while the S&P 500…

MondayOct 19, 2009 3:24 pm

Iconic Brands, Inc. (ICNB.OB) is “One to Watch”

Iconic Brands Inc. develops, markets and distributes high quality, celebrity branded alcoholic beverages. The Company does this by capitalizing on the ability to obtain superior and unique products from around the world and brand the products with internationally recognized celebrities. With their corporate headquarters in Lindenhurst, New York, Iconic Brands, Inc. trades on NASDAQ's OTCBB. The Company is a federally licensed importer and distributor of alcoholic beverages. They are also a licensed New York State wholesaler, maintaining a federal customs bonded warehouse. CEO Richard DeCicco leads Iconic Brands, Inc. Mr. DeCicco is a beverage industry innovator with more than three…

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