Blog - Page 4086 of 5438

ThursdayNov 06, 2008 6:06 pm

Bioheart, Inc. (BHRT) Receives Notice of Allowance for Nine New Patent Claims

BioHeart is a biotechnology corporation that develops devices designed to aid in the diagnosis, monitoring, and treatment of cardiovascular diseases. The company aims to improve heart disease sufferers' quality of life, while attempting to reduce the normally exorbitant costs associated with cardiologic treatments. In a press statement issued on Thursday, the company announced that it had received a United States Patent and Trademark Office Notice of Allowance for nine new patent claims, which pertain to using electrical signals to stimulate heart cell regeneration. BioHeart's new technologies are a significant step forward in the field of cardiovascular treatment in that they…

ThursdayNov 06, 2008 6:05 pm

Long-Term Unemployment Rates Reach Highest Level in a Quarter-Century

In a Department of Labor report issued on Thursday, it was shown that the number of Americans claiming longer-term jobless benefits has reached 3.84 million. This represents the highest level since February of 1983; twenty-five years ago. It's clear that as lay-offs continue across the board, the unemployed are finding it increasingly difficult to compete for remaining positions. On a lighter note, while extended unemployment has risen, new claims fell to 481,000 last week. Let us hear your thoughts below:

ThursdayNov 06, 2008 6:04 pm

Oil Continues to Take a Beating

In a slowing economy, energy demand is beginning to dip dangerously low, as trading on Thursday saw the price of a barrel of oil approaching sixty dollars. Light, sweet crude for December delivery fell to a 36-month low of $60.94 on the New York Mercantile Exchange. At the current level, crude prices are down roughly sixty percent from last July's all-time high of $147.27. Let us hear your thoughts below:

ThursdayNov 06, 2008 6:03 pm

Dow Extends Losses on Economic Skepticism

For the second day in a row, the Dow Jones Industrial Average plummeted several hundred points as weary investors continue to maintain a pessimistic attitude toward the state of the economy. Contributing to a general feeling of disheartenment was a weak retail sector report for the month of October, reflecting weak sales due to low demand. At its lowest point, the Dow was down nearly 500 points from Wednesday's close, and extended losses on the week to more than 600 points. Let us hear your thoughts below:

ThursdayNov 06, 2008 1:39 pm

Performance Health Technologies, Inc. (PFMH.OB) Attracts More Attention from the Media, Including Scientific American’s News Blog

Today, Performance Health Technologies announced that its proprietary Core:Tx® rehabilitation product was featured in the September 5 edition of Scientific American’s news blog “60 Second Science.” The article, titled ““Virtual Rehabilitation: Wireless Motion Sensor to Help Treat That Old Football Injury,” coincided with the beginning of the 2008 NFL season and discussed Core:Tx’s use for sports injury diagnosis and rehabilitation. The company’s wireless therapy system was also featured in the October edition of BioMechanics, a monthly trade published for sports medicine and movement specialists in orthopedic surgery, physical and occupational therapy, O&P, clinical athletic training, psychiatry, podiatry, and rehab. The…

ThursdayNov 06, 2008 1:21 pm

Artfest International Inc. (ARTI.OB) Says Market Undervalues its Shares and Announces Plan to Repurchase its Common Stock

Recently, we reported that Artfest was “One to Watch.” We continue with that thought, as today Artfest International Inc. (Artfest) reported that it will buy its common shares back through purchases on the open market. According to Artfest CEO Edward Vakser, the time is right for the company to do so because its shares are grossly undervalued by the market. On September 23, 2008, the Company announced it purchased a 35,000 square feet audio/video facility that produces, according to the Company, $500,000 per year in revenues. Vakser said, "[w]ith the purchase of our state-of-the-art audio/video operational center and the launching…

ThursdayNov 06, 2008 11:33 am

QuoteMedia, Inc. (QMCI.OB) Management is Leading the Way

QuoteMedia has become the renowned leader in providing market coverage of all North American Exchanges and ECN’s including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, rates and indices. With offices spread out across the globe, the young company is led by a team of innovative individuals. The QuoteMedia Chairman of the Board is Robert J. Thompson. With over 40 years in the field, Thompson brings a wealth of experience to QuoteMedia. Thompson is the President of Corpus Investment Inc, which is a private holding company that manages investments in a wide range of enterprises. Thompson is…

ThursdayNov 06, 2008 11:28 am

Cambridge Heart Inc. (CAMH.OB) Maintains Confidence Despite Weak Q3 Results

Cambridge Heart Inc. (OTCBB: CAMH) develops and commercializes non-invasive product used for diagnosing cardiac disease, focusing on the identification of individuals at risk of sudden cardiac arrest. The company today announced its third-quarter results for the period ended September 30, 2008. The company posted revenues at $1.1 million, up 21 percent from the second quarter, attributing growth in its Domestic HearTwave II system placements. However, the results were down 58 percent from the $2.6 million reported in the third quarter of 2007. Cambridge remains positive concerning its marketing strategies moving forward. “We were pleased to see the sequential increase in…

ThursdayNov 06, 2008 9:28 am

ECOtality, Inc. (ETLY.OB) Encouraged by Obama’s Clean Energy Policy

ECOtality, Inc., a leader in clean electric transportation and storage technologies, expressed optimism today about President-elect Obama’s comprehensive energy plan, a set of programs that would invest billions of dollars in support of hybrid and electric vehicle development. The press release applauded the move to confront the country’s dependence on foreign oil, building a clean energy future for America, and pointed to key elements of the plan: • $150 billion invested over 10 years for the commercialization of plug-in hybrid vehicles, renewable energy, low-emission coal plants, fuel infrastructure upgrades, and a new digital electricity grid • Commitment that half of…

ThursdayNov 06, 2008 9:25 am

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) Featured in Frontgate Christmas Catalog

Brite-Strike Tactical Illumination Products, Inc., makers of high-tech illumination devices for police and government use as well as for personal self-defense, announced today that its “Lightning Strike” Personal Protection System will be featured in this year’s prestigious Frontgate Christmas catalog. The company’s “Tactical Blue-Dot” flashlight is already the top selling product at its price point in the high-end Herrington Catalog. Brite-Strike president, Glenn Bushee, commented on the increased demand for self-defense products. “In tough economic times, such as now, the number of robberies and assaults rise dramatically, which increases the demand for all our products. This product, for the money,…

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