Blog - Page 4064 of 5671

WednesdaySep 16, 2009 9:36 am

China to Be the First Target Market for Organa Gardens International Inc.’s (OGNG.OB) OGS-E

Organa Gardens International Inc., the sustainable vertical gardens systems company, reports that it has targeted the China market as its first point of entry into the hydroponics organic market. The company is in discussions with a China-based company to manufacture and distribute its Organa Garden Systems-Enterprise (OGS-E). The domestic Chinese retail market for organic foods was valued at only $195 million in 2004, which is less than 1% of China's total food market. However, the organic produce sector in China did increase by tenfold during the 1999-2004 period and has continued to be promoted and supported by the Chinese government.…

WednesdaySep 16, 2009 9:31 am

U.S. Concrete, Inc. (RMIX) Divests Assets in California

U.S. Concrete, Inc. recently announced the divestiture of four concrete plants located in Sacramento, California. The company sold the plants for $6.0 million, plus an adjustment based on associated inventory transferred with the assets. In 2008, these assets produced $28 million in revenue for U.S. Concrete. The company said the proceeds would be used to pay down debt. U.S. Concrete reported a loss of $4.0 million, or ($0.11) per share, in the second quarter ending June 30, 2009. The company earned $3.3 million, or $0.08 per share, in the same quarter last year. Revenues in the quarter were $143.7 million,…

WednesdaySep 16, 2009 8:59 am

FACT Corp. (FCTOA.OB) Restructures Outstanding Debt

FACT Corporation operates through its wholly-owned subsidiary, Food & Culinary Technology Group Inc. The company develops and markets customized nutrition solutions for the global baked-goods industry. FACT sells specialty bake mixes to commercial producers who use these mixes to manufacture popular, health-friendly packaged baked goods. The company announced today that it has successfully negotiated a restructuring of the majority of its short-term debt with various creditors. All of the short-term debt has been converted to long-term, convertible debt. The breakdown of the debt conversions follows: • On August 20th, the company entered into debt settlement agreements with three creditors to…

WednesdaySep 16, 2009 8:55 am

eDiets.com, Inc. (DIET) Announces Additional Investment for Growth Opportunities

eDiets.com, Inc., a provider of personalized nutrition, fitness and weight-loss programs, recently announced that the company has entered into a $600,000 private placement with certain management members and the board of directors. The investment will immediately convert into common stock at $1.06 per share. As a leading provider of convenient at-home diet, fitness and healthy lifestyle solutions, eDiets.com will use the proceeds to fund future growth opportunities, including the expansion of advertising related to fresh meal delivery relaunch. eDiets.com provides a broad range of customized wellness and weight management solutions for Fortune 500 clients. The company’s unique infrastructure offers businesses…

WednesdaySep 16, 2009 8:54 am

China Advanced Construction Materials Group (CADC.OB) to Present at the Maxim Group Growth Conference in New York City

China Advanced Construction Materials Group, Inc., a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments, recently announced that the company’s chief executive officer, Mr. Gene Hsiao, will present at the Maxim Group Growth Conference in New York City on Tuesday, September 29, 2009. Mr. Hsiao is scheduled to present at the Grand Hyatt New York Hotel at 11:00 a.m. Eastern Time. Maxim Group, a full-service investment banking, securities and investment management firm, is hosting the Maxim Group Growth Conference, which will feature interactive presentations from over 80 companies, and one-on-one meetings with executives from…

WednesdaySep 16, 2009 8:53 am

Yayi International Inc. (YYIN.OB) Posts Solid Q3 Results and Positive Forecast of Premium Goat Milk Market

Yayi International Inc. is a leading producer and distributor of goat milk formula products for individuals of all ages in the People’s Republic of China. The company today announced its financial results for the third quarter ended July 31, 2009, reporting solid increases and its expectations for the milk market. Yayi posted a 13.2 percent increase in net sales at $7.1 million, up from $6.3 million for the third quarter of 2008. The company attributed 92 percent of the growth to increased sales volume as the company expanded its shelf space to more retail stores and distributors; 8 percent of…

WednesdaySep 16, 2009 8:08 am

Axial Vector Energy Corp. (AXVC.PK) to be Featured on Cover Story of Automotive Industries Magazine

Axial Vector Energy Corporation was pleased to announce today that Automotive Industries Magazine will feature its unique engine technology as its cover story in the January issue. Devoted to providing global coverage on all aspects of the automobile, Automotive Industries emphasizes on people, products and processes that shape the industry. According to the press release, the in-depth cover feature will focus on the engineering breakthroughs of the AVEC engines and what their rapid commercialization will do for reduced energy consumption and a much lower impact on the air and environment. Automotive Industries currently provides more than 40,000 manufacturers and suppliers…

WednesdaySep 16, 2009 7:46 am

Muscle Flex, Inc.’s (MFLI.PK) VATA Brasil(TM) Sports and Active Wear to Be Broadcast Live on Fox News in Las Vegas and Los Angeles

Muscle Flex Inc. announced this morning that the Muscle Flex VATA Brasil Sports and Active Wear Line will be featured on Fox Morning News in Las Vegas on Thursday September 17 at 8:50 am and on FOX Evening News in Los Angeles (Southern California) on CBS KCAL on Friday September 18 at 6:00 pm. Lash Fary, Founder of Distinctive Assets, will be on the Fox News broadcasts to showcase his "Everybody Wins at the Emmys Gift Basket", in which the Muscle Flex VATA Brasil Sports and Active Wear line is included. Lash Fary is regarded as one of Hollywood’s most…

WednesdaySep 16, 2009 7:37 am

eDOORWAYS Corp. (EDWY.PK) to Engage Software Systems Engineering Veteran

eDOORWAYS Corp. announced that it is looking to engage a prominent software and systems engineering firm, Applied Information Sciences (AIS), to assist the company with the ultimate design of the Web 3.0 platform intended to support the unique capabilities of each doorway. This move comes partly on the heels of the company's strengthening financial position and growing interest from new investment resources. When eDOORWAYs first planned to simply launch and manage SOLVE through the first few months of its rollout, the company didn’t seriously consider acquiring specialty skills from a veteran technology firm like AIS. For smaller companies like eDOORWAYS,…

TuesdaySep 15, 2009 3:48 pm

Spring Creek Capital Corporation (SCRK.OB) is “One to Watch”‏

Incorporated in 2006, Spring Creek Capital Corporation is a Business Development Company under the Investment Company Act of 1940. Their corporate focus is on portfolio investments in companies developing innovative solutions for the healthcare market. Spring Creek Capital's business model is to locate, invest in, and provide management assistance to small public and private companies to enable those companies to undertake their own business plans and models. The Company looks for investment in companies operating in a broad category of markets and business segments. These include alternative energy markets as well as medical devices and related markets. Spring Creek Capital…

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