Blog - Page 4065 of 5677

TuesdaySep 22, 2009 1:32 pm

SmartHeat Inc. (HEAT) Completes Equity Offering

SmartHeat Inc. successfully raised equity capital through a public offering of its common stock. The company sold 8.33 million shares at a price of $9.00 per share, and received net proceeds of $69.5 million after underwriter commissions and other expenses. James Jun Wang, the CEO of SmartHeat said, "The completion of this equity financing provides SmartHeat with capital to fund our continued growth as a market leader in China's clean technology, energy savings industry. We highly value and appreciate the significant institutional interest that SmartHeat has experienced during this offering." SmartHeat Inc. reported strong second quarter of 2009 results in…

TuesdaySep 22, 2009 10:21 am

XO Holdings Inc. (XOHO.OB) Subsidiary Issues Guarantee to Provide “Ethernet Everywhere”

XO Communications is a subsidiary of XO Holdings Inc. (OTCBB: XOHO) and a leading nationwide provider of advanced communications services and solutions for businesses. The company announced today the launch of “Ethernet Everywhere”, a service availability guarantee ensuring its carrier services' customers can obtain ethernet services anywhere within XO's coverage area. This service availability guarantee is the first of its kind by any nationwide service provider. President of XO Carrier Services, Ernie Ortega, said, “It's well understood that the largest problem facing the industry with ethernet is its lack of widespread availability.” XO is attempting to solve that problem for…

TuesdaySep 22, 2009 9:39 am

eDOORWAYS Corp. (EDWY.PK): Discovering New Frontiers with Unlimited Potential

After an explosion of computer usage in the early part of this decade, the computer world stayed relatively the same. That is until the last couple years when social networking came onto the scene and names such as MySpace, Facebook, and Twitter gained tremendous popularity. Entrepreneurs, investors and many others are now realizing the incredible potential of this new frontier and are actively seeking for ways to take advantage of the incredible growth. The investment frenzy for these new ideas began when Twitter raised its fourth funding round, a $35 million investment that valued the company at $250 million. With…

TuesdaySep 22, 2009 9:32 am

MMR Information Systems Inc. (MMRF.OB) Enters Into Five-Year Marketing Partnership

MMR Information Systems, Inc. has been gaining a reputation for providing consumer-controlled Personal Health Records and electronic safe deposit box solutions. MMRF, which operates through its wholly-owned subsidiary MyMedicalRecords (MMR), took a major step towards enhancing its future with the announcement that it has entered a five year agreement to license an existing 80 million person direct marketing database of street addresses, cellular phone numbers, e-mail addresses and other comprehensive data with E-Mail Frequency, LLC (the "Licensor"). The Agreement allows MMR to market, through the use of the Database, its MyMedicalRecords Personal Health Record, MyEsafeDepositBox virtual vault, and MMRPro document…

TuesdaySep 22, 2009 8:41 am

Consorteum Holdings Inc. (CSRH.OB) Forms New Partnership; Granted Access to Processing Industry’s $75 Billion Annual Payment Transactions

Consorteum Holdings, Inc. announced this morning that it has established an agreement with a third party partner within the payment processing industry to offer Merchant Discount Rates. Leveraging this partnership, Consorteum will offer competitive Merchant Discount Rates and Point of Sale hardware to its new and existing client base. Quent Rickerby, President & COO of Consorteum Holdings Inc., said, “This agreement will allow Consorteum to offer Canadian clients measurable cost savings on their Credit and Debit Card processing and further enhance the number of products and services we have available.” The addition of this new Merchant Discount Rate program further…

TuesdaySep 22, 2009 7:56 am

Muscle Flex, Inc. (MFLI.PK) Reports on Emmy Awards Week Activities; Describes Them as Being “Extremely Successful”

Wrapping up its Emmy Awards activities on Sunday, Muscle Flex Inc. today provided investors with an overview of the many events the company was a part of. The two-day GBK Productions Emmy Awards Gifting Lounge was held on Friday and Saturday from 11 am - 6 pm. Muscle Flex met and showcased its Muscle Flex VATA Brasil(TM) Sports and Active Wear Line to a number of individuals from the press and media outlets, including three television / online interviews as well as magazines and online columns. Additionally, Danny Alex spent time with and showcased the Muscle Flex VATA Brasil Collection…

MondaySep 21, 2009 8:26 pm

Waste Services, Inc. (WSII) Raises $50 Million in Senior Notes

Waste Services, Inc. (WSII) recently announced it would commence a note offering raising a total of $50 million in new capital. The company is offering 9.5% senior subordinated notes due 2014 in a private placement to qualified institutional investors. The sale is permitted under Rule 144A of the Securities Act of 1933. Waste Services, Inc. already has an existing senior subordinated note outstanding with a principal value of $160 million, and a 9.5% coupon. The two sets of bonds will trade as one issue post closing. Waste Services, Inc. reported net income of $3.4 million, or $0.07 per share, in…

MondaySep 21, 2009 8:22 pm

Arrayit Corp. (ARYC.OB) Wins Equipment Contract from Sandia National Laboratories

Arrayit Corp., a developer and manufacturer of proprietary life science technologies and consumables for disease prevention, treatment and cure, recently announced that the company delivered its proprietary nanotechnology platform to Sandia National Laboratories in Albuquerque, New Mexico on September 11, 2009. Arrayit Corporation offers over 650 products to a customer base of more than 2,500 laboratories worldwide. Managed by the Lockheed Martin Corporation, Sandia Labs collaborates with the Transportation Security Administration (TSA) and the Department of Homeland Security to enhance national security. These highly sensitive detection devices deliver system deposits nanoliter quantities of analytical reagents onto proprietary substrates to create…

MondaySep 21, 2009 8:21 pm

Nutra Pharma (NPHC.OB) Announces Pertinent Product Information

Nutra Pharma has announced their intention to begin the registration for their over-the-counter pain reliever in both Canada and Europe. Currently, the company is marketing a similar product, Cobroxin, within the United States. Cobroxin is used for the treatment of moderate to severe (Stage 2) chronic pain. According to the North American Chronic Pain Association of Canada, it is estimated that 18% of Canadians suffer from severe chronic pain. Additionally, the Pain in Europe report, which is the largest European survey of chronic pain sufferers, reports that chronic pain effects one in five adults across Europe. Dr. Paul Redi, CEO…

MondaySep 21, 2009 4:05 pm

September 21st CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CVM, CUR, DKAM, ENZ, IMUC, IWEB, PHC, SVUL, SRCO, SVUL, XSNX Markets extended their winning streak yet again this week, as all ten sectors of the S&P 500 finished in positive territory and markets hit fresh highs for the year once again, despite the lack of any significant developments on either the corporate or economic fronts. All told, the Dow ended up 2.2% on the week, gaining 214 points to close at 9820 on the week, up 11.9% on the year. The Nasdaq performed slightly better, gaining 2.5% on the week,…

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