Blog - Page 4036 of 5705

FridayNov 13, 2009 9:12 am

Synergy Pharmaceuticals (SGYP.OB) Completes Private Placement – Raises $8.6 Million in Common Stock Financing

Synergy Pharmaceuticals, Inc., a leading biopharmaceutical company focused on the development of new drugs to treat gastrointestinal disorders and diseases, recently announced that the company has completed a private placement, raising an aggregate $8.6 million through the sale of common stock at a price of $0.70 per share. The proceeds from the private placement will be used to fund a Phase IIa clinical trial of Synergy’s SP-304 for chronic constipation, which is scheduled to commence in the first quarter of 2010. SP-304, a synthetic analog of the human gastrointestinal hormone uroguanylin, recently finished a Phase I clinical trial in volunteers.…

FridayNov 13, 2009 8:52 am

Newport Digital Technologies (NPDT.OB) Signs Licensing Agreement with Microsoft

Newport Digital Technologies Inc. recently announced that it has signed a licensing agreement with Microsoft to develop RFID (Radio Frequency Identification Technology) related applications for its Windows Mobile platform, utilizing the MS Windows Mobile operating system. NDT will offer a comprehensive line of mobile computing products, targeting RFID field applications for use in asset tracking, inventory management, and POS for various B2B markets. NDT’s CEO, Gary DeMel, a twenty-eight year veteran of the semiconductor and high-tech industries, commented on the agreement. “We are very excited to work with Microsoft's technology and business teams to develop the next generation of RFID…

ThursdayNov 12, 2009 3:23 pm

Metalink Ltd. (MTLK) Reports Loss in Third Quarter

Metalink Ltd. reported a net loss of $4.0 million, or $0.16 per share, in the third quarter of 2009. These results were slightly worse than the $3.0 million, or $0.13 per share, the company lost in the same quarter last year. Revenues were $500,000 in the third quarter of 2009 compared to $800,000 in the same quarter last year. Metalink Ltd. has had a difficult time during the recession due to a drop in orders from its customers. The company received a warning from its auditors in March 2009, expressing doubts about its ability to continue as a going concern.…

ThursdayNov 12, 2009 3:21 pm

Anpath Group, Inc. (ANPG.OB) Retains Investment Bankers Laidlaw & Company to Provide Guidance on Strategic Transactions

Anpath Group, Inc., a manufacturer and producer of eco-friendly cleaning and disinfecting products that help prevent the spread of infectious microorganisms, recently announced that the company has retained the investment banking firm Laidlaw & Company to provide investment banking and financial advisory services, as well as advice on strategic transactions, including possible technology licensing arrangements. Anpath Group, Inc., through its wholly-owned subsidiary, EnviroSystems, Inc., specializes in safe infection prevention technologies designed to eradicate infectious microorganisms while offering a favorable safety and environmental profile. Laidlaw & Company personalized investment advice and skillful execution to private and public institutions, and has developed…

ThursdayNov 12, 2009 12:36 pm

Initial Jobless Claims Continue Decline, 502K Figure Beats Expectations

Labor Department statistics released today showed a marked decline in initial jobless claims, extending a run of such declines. Initial claims are an important barometer for layoffs and hiring. A 12K decline to 502,000 from the previous week, and a drop in the 4-week average to 519,750, is a strong indicator of improvement. The 4-week average is down 20% since the highpoint earlier this year, and initial claims look like those from the beginning of this year. Despite these facts, we are still well above the accepted 450,000 benchmark, which represents the point at which the labor market is theoretically…

ThursdayNov 12, 2009 12:33 pm

GeoGlobal Resources (GGR) Gets Approval for Offshore Oil

GeoGlobal Resources, Inc., an oil and natural gas exploration and development company focusing on India, has announced another step forward in its bid for oil off the coast of eastern India, as part of a consortium led by GSPC (Gujarat State Petroleum Corporation). The company has announced that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained. The Field Development Plan includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells, which include three slant wells…

ThursdayNov 12, 2009 12:32 pm

Kandi Technologies Corp. (KNDI) Completes Sale of 30 Electric Mini Cars to China Postal Service

China-based Kandi Technologies Corp. designs and manufactures all terrain recreational vehicles (ATVs), including its battery powered, two-seater low-speed vehicle, COCO. The company today announced the sale of 30 modified, electric COCO hardtops to the Postal Service in Jihua City. This is Kandi’s first sale of its COCO super mini car in China, and represents a strategic sale that will generate a visible on-road presence for the company’s clean vehicles. "This is a milestone event for Kandi," Xiaoming Hu, Kandi's chairman and CEO stated in the press release. "Representing the start of what we see could be a significant ramping up…

ThursdayNov 12, 2009 12:13 pm

Small Cap Voice Featured Company: Biomagnetics Diagnostics Corp. (BMGP.PK)

Biomagnetics Diagnostics Corp. is an advanced medical device and biotechnology company with a revolutionary diagnostics system and test kit testing technology for HIV, Hepatitis, H-Pylori, HPV, Tuberculosis and many other viruses, bacterium's, toxins and diseases. The company focuses on real-time testing for the actual presence of the virus/ toxin/ disease itself, instead of the antibodies produced by the body's immune system which may take anywhere from weeks to months to appear. The company intends to follow the lead of established Western drugmakers and biotechs Merck & Co. (MRK), Wyeth (WYE), Eli Lilly & Co. (LLY), Schering-Plough (SGP), Novartis (NVS), Sanofi-Aventis…

ThursdayNov 12, 2009 11:57 am

Small Cap Voice Featured Company: BioElectronics Corp. (BIEL.PK)

BioElectronics Corp. is focused on producing inexpensive, drug–free, anti-inflammatory medical devices and patches. The company's wafer thin patches contain an embedded microchip and battery that deliver pulsed electromagnetic energy. BioElectronics markets and sells its products under the brand names ActiPatch™ and RecoveryRx™. The dermal patch delivery system has created numerous new product opportunities for treating chronic and acute inflammatory conditions. The market potential is estimated at $10 billion, or 400 million incidents, worldwide. The value proposition of BioElectronics’ ActiPatch is the delivery of drug-free therapy that reduces pain and inflammation, while accelerating healing by 30% to 50%. The company's products…

ThursdayNov 12, 2009 11:25 am

Muscle Flex, Inc. (MFLI.PK) CEO Chosen to Participate on the American Music Award’s Pre-Show November 22, 2009

Muscle Flex Inc. announced early this morning that its CEO, Danny Alex, will participate live on the American Music Awards online pre-show on November 22, 2009. Muscle Flex brands will be referenced during his segments which will focus on fitness and lifestyle. According to the press release, the introduction was made by Muscle Flex’s marketing partner TLK Fusion. The AMAs will broadcast live from the Nokia Theatre LA LIVE on Sunday November 22 (8-11 p.m. EASTERN and PACIFIC) on ABC. dcp associates Premiere Entertainment will provide production services on the multi-camera red carpet event and USTREAM will power the live…

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