Blog - Page 4035 of 5433

WednesdayJan 07, 2009 8:42 am

Oil Prices Retreat after Oil Reserve Report

Oil prices had climbed 43 percent from a five-year low of $33.87 a barrel on fears that the conflict between Israel and Hamas in Gaza could spread to the rest of oil-rich Middle East and affect supplies. Today, however, energy prices tumbled across the board after a government report showed U.S. oil reserves were much greater than expected. According to the Energy Information Administration, inventories rose 6.7 million barrels, well past the 1.5 million-barrel build expected by analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos. Analyst Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates, said it…

WednesdayJan 07, 2009 8:28 am

Zhone Technologies, Inc. (ZHNE) Chosen to Support Birch Communication’s IP Network Upgrade

Today, Zhone Technologies, Inc. announced that its MALC multi-service access platform (MSAP) has been selected by Birch Communications to boost network performance and cut ownership costs. Birch Communications, one of the largest local exchange carriers in the 31-state Southeast, Southwest and Midwest regions, anticipates offering all of its access offerings, including EFM, ADSL2+, T1 and voice over Internet Protocol, via one integrated platform. "There is a race to help carriers realize the inherent efficiency gains by migrating to IP networks and MSAP provisioning," stated Steven Glapa, Zhone's VP of product management and marketing. "The Birch network strategy is a model…

WednesdayJan 07, 2009 7:58 am

ICO Global Communications Ltd. (ICOG) Completes Testing of ICO G1 Space Segment

ICO Global Communications Ltd. announced today that the testing of ICO G1 satellite In Orbit (IOT) and the innovative Ground Based Beam Forming (GBBF) system for the ICO Space Segment is now complete. In the press release, the company also announced its subsidiary, ICO Satellite Services G.P., has accepted the Space Segment from Space Systems/Loral. Launched from Cape Canaveral, Florida on April 14, 2008, ICO G1 is the first satellite to feature a two-way GBBF system. Delivered and integrated at ICO's gateway in North Las Vegas, GBBF delivers unparalleled flexibility to provide next-generation mobile satellite services. Bob Day, ICO senior…

WednesdayJan 07, 2009 7:49 am

Tower Semiconductor Ltd. (TSEM) Announces $20 Million Cash Investment from Israel Corp

Today before the opening bell, Tower Semiconductor Ltd. announced that Israel Corp. has invested $20 million in the company, pursuant to the agreement announced in September of last year. As terms of the agreement, Israel Corp. will receive Tower's equity equivalent capital notes based on a $0.26 value per share. Russell Ellwanger, CEO of Tower, stated, "We are pleased that Israel Corp. continues to show its support of Tower. This additional capital will assist us in continuing our efforts to become the leading specialty foundry in the world and will provide needed flexibility as we continue to leverage the synergies…

WednesdayJan 07, 2009 7:22 am

Cosi, Inc. (COSI) is “One to Watch”

Cosi, Inc. is a national premium convenience restaurant chain that offers a menu built around a secret, generations-old recipe for crackly crust flatbread. This artisan bread is freshly baked in front of customers all day long in open flame stone hearth ovens. The warm, urbane atmosphere is designed to attract its sophisticated, upscale, urban and suburban guests. Currently, there are 101 Company-owned and 51 franchise restaurants operating in eighteen states, the District of Columbia and the United Arab Emirates. Cosi’s goal is to become America's favorite premium convenience restaurant by providing authentic, innovative, savory food while remaining an affordable luxury.…

WednesdayJan 07, 2009 6:37 am

Hybrid Technologies, Inc. (HYBR.OB) Offers a Complete Line of Products Designed to Fit Every Taste

Hybrid Technologies, Inc. is a development stage technology company focused on leveraging its resources and efforts to develop and market lithium-powered vehicles and products. Everything from scooters, bicycles, mopeds, motorcycles, cars and homes are being converted successfully to lithium-powered vehicles and facilities. The company’s product line includes coupes, a sports car, a PT Cruiser and Mini Cooper, motorcycles, mopeds, and a four-wheeler. All these vehicles are powered by high energy density and lightweight rechargeable lithium-ion batteries. These batteries, easily charged using household electricity outlets, are discharged during use to power electric motors with zero emissions. The company’s vehicles have received…

WednesdayJan 07, 2009 6:15 am

MyECheck, Inc. (MYEC.OB) has an Experienced Management Team Leading the Way to Greater Success

Edward R. Starrs, B.B.A., Founder and CEO, has more than two decades of experience as an international business executive with management experience in a number of different industries. Starrs has proven his ability to build teams, sales, marketing and distribution with full P&L responsibility as public corporate officer and as private company owner. Mr. Starrs owned and operated multiple successful companies including, ERS Marketing, Inc., where he produced over $20 million in contracts for his clients, and Bay Distributing, Inc., a major distributor of 800+ product categories to Fortune 500 accounts. MyECheck’s CEO has also served in senior management positions…

WednesdayJan 07, 2009 5:58 am

Sector 10, Inc. (SECT.OB) Receives Positive Feedback, Continues to Stay 100% Focused on Mission

Unthinkable natural disasters, security breaches, and terrorist attacks have exposed vulnerability in the way that the public and private sectors handle and respond to emergencies. While technological advancements have improved efficiency and productivity, the security sector and the emergency response methods and systems have remained nearly unchanged for decades. Sector 10 has made it their mission to change that. Through complex analysis of global disasters and the limitations of existing response systems, the company has designed revolutionary information technology, communication, crisis management, monitoring systems, and highly effective emergency response control units that bring first aid and safety to unprecedented heights.…

TuesdayJan 06, 2009 9:21 am

Helios Bioscience Corp. (HLCS) Moves Toward Commercialization of New Single Gene Sequencing Equipment

It was once said that “all I know is that I know nothing.” In the world of genetic research, this is a fairly appropriate statement. It does, however, say that investigators are working to be able to lessen the statement. The field of genetic research is one so vast that an investor could almost take their pick of ways to profit within the market. Equipment is one such way, and one that may hold a more tangible form of profit. Helios Bioscience Corp., a life science company, works to develop and market genetic sequencing equipment and associated supplies. Its current…

TuesdayJan 06, 2009 9:04 am

Endologix, Inc. (ELGX) Anticipates Reporting Significant Revenue Growth for 2008; Issues 2009 Guidance

Endologix, Inc. announced that it is expecting the revenue generated during last year to total approximately $37.6 million, a 35% increase from 2007 revenue of $27.8 million. The company anticipates reporting Q4 2008 revenue of approximately $10.7 million, up 35% from total product revenue of $7.9 million reported for Q4 2007. "We attribute our strong 2008 sales growth and ability to exceed our revenue guidance to the increasing success of our sales force initiatives, the introduction of new products and increased physician adoption of our Powerlink System," said John McDermott, Endologix president and chief executive officer. "Our recently launched suprarenal…

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