Blog - Page 4092 of 5537

ThursdayMar 12, 2009 5:48 am

Precision Petroleum Corp. (PPTO.OB) Engages Ramsey Engineering to Conduct Engineering Study

Late last month, Precision Petroleum Corp. announced the conclusion of an agreement to explore 10 leases in the State of Montana. To proceed with this program, the company has retained Ramsey Engineering, a petroleum engineering firm in Oklahoma City, to conduct an engineering survey to identify and advice on a possible seismic project as well as provide input on the optimal drilling locations. Precision Petroleum anticipates conclusion of the study within 60 days. Richard Porterfield, Petroleum Geologist and President of Precision, noted the importance of the survey as it will enable the company to proceed with minimum risk and to…

ThursdayMar 12, 2009 5:38 am

Double Eagle Petroleum Co. (DBLE) Announces Record 2008 Results

Double Eagle Petroleum Co. today reported record financial results for the full-year 2008. Net income attributable to common shareholders totaled $6,658,000, or $0.73 per diluted share, as compared to a net loss of $(13,413,000), or $(1.47) per share, for 2007. The company noted that the net income attributable to common stock in 2008 included an unrealized gain of $2,631,000 relating to economic hedges, which is recorded at fair value at each period end. Total revenues for 2008 increased a stunning 188% to $49,578,000, compared with 2007’s numbers. Production-related revenue increased 175% to $46,635,000. This increase in production revenue was driven…

ThursdayMar 12, 2009 4:42 am

GreenChek Technologies Inc. (GCHK.OB) Advances to ERD 2.0 Technology

GreenChek Technologies Inc., provider of hydrogen based technology for mobile transportation and stationary power generation applications, was pleased to announce this morning that it has released ERD 2.0. The company’s new ERD 2.0 technology requires less maintenance and facilitates the linking of units together in a modular format for greater efficiency. By linking units together, further fuel cost savings and greater emission reduction are realized, while maintaining durability and overall quality to ensure that the systems have a long life. “We are very pleased with our ERD development,” stated Lincoln Parke, President of GreenChek. “This opens the door for GreenChek…

WednesdayMar 11, 2009 10:48 am

NACEL Energy (NCEN.OB) Makes Comment on the American Recovery and Reinvestment Act of 2009

NACEL Energy Corporation is a young and upcoming company that has been gaining recognition as one of the first publicly-traded companies in America that is exclusively developing utility class wind power generation projects. Today, NACEL provided guidance to shareholders and interested parties, concerning the impact of the American Recovery and Reinvestment Act of 2009 (the "Stimulus Legislation"), signed into law by President Obama in Denver, Colorado on February 25, 2009, on the Company's Blue Creek, Channing Flats, Swisher and Hedley Pointe wind power projects, all underway in the Texas Panhandle, as well as the Company's pipeline of new wind projects…

WednesdayMar 11, 2009 9:18 am

WWA Group, Inc. (WWAG.OB) Reports Results of Crowded Dubai Auction

WWA Group, Inc. announced the results of its most recent Dubai auction, which was held between February 21 and 23, 2009. Gross auction sales surpassed $22.5 million, involving the participation of more than 410 registered bidders from 29 countries. More than 1,300 items were sold to 230 successful bidders. The company anticipates holding five more auctions in Dubai this year. “The large number of bidders and buyers at the auction was refreshing, and indicates that the market for used equipment remains strong,” commented Eric Montandon, CEO of WWA Group. "Prices were generally higher than at our December 2008 auction, and…

WednesdayMar 11, 2009 9:06 am

Greencheck Technology Inc. (GCHK.OB) Set to Grow as Green Energy Sector Receives Governmental Funding

The United States is well-known for technological advances since our nation was founded. The telegraph, the light bulb, and the sewing machine are just a sample of the early entrepreneurial spirit in our country. But what people don’t seem to know is that by the government has played a huge role in the development of many ground-breaking industries. With the Obama administration focused on the development of environmentally-friendly fuel alternatives, Greenchek Technology Inc (GCHK.OB) is a company on the cusp of tremendous growth. A brief look at history confirms that when the U.S. government backs a new technology, the niche…

WednesdayMar 11, 2009 9:03 am

MyECheck Partners With AE Checking to Provide Its Online Check Service

MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed AE Checking Inc. as a gateway partner and is providing the online processor with its comprehensive suite of electronic check processing services. AE Checking's merchant clients may now process Remotely Created Check transactions through the MyECheck payment engine. MyECheck uses patent pending technology to generate electronic checks in accordance with the Check Clearing for the 21st Century Act (HR 5414 - "Check 21") specifications. These eChecks are transmitted in near real-time to MyECheck's partner banks, or directly to the check clearing system…

WednesdayMar 11, 2009 7:49 am

Convergence Technologies Group Inc.’s (CNVC.PK) Strategic Acquisition Boosts its Services for the Micro-Cap Market

Convergence Technologies Group Inc. (CNVC.PK) provides services, strategies and support to publicly traded companies, helping them maintain their position in the market and increase shareholder value. The company recently announced its acquisition of Bookkeeper International Equities Corp., a merchant banking group that offers advisory services, investor relations and financial consulting. In the midst of hard times, it’s imperative that private and public companies stay on top of their operations and strategies, and seek the support needed to continue in a profitable, competitive manner. Convergence Technologies operates to fulfill this need, empowering public companies to overcome challenges such as insufficient capital,…

WednesdayMar 11, 2009 6:30 am

Axial Vector Energy Corp. (AXVC.PK) to Make First Customer Demonstration of Engines and Generators

Axial Vector Energy Corporation announced today that outside testing engineers have confirmed the 352 hp workhorse engine and 100kw generator are ready for customer demonstrations. Early next week, both will be demonstrated to civilian and military buyers as well as possible licensees. According to the press release, representatives from the wind industry, trucking, power generation and other key users have accepted invitations to view the demonstrations of these breakthrough products at the testing facility in Virginia. Mr. Sanjai Chhaunker President and CEO of AVEC commented, "This day of being able to show our running products is the milestone the company…

WednesdayMar 11, 2009 5:26 am

Reed’s, Inc. (REED) Ginger Brew and Virgil’s Natural Sodas Find Success at Natural Products Expo West

Reed's, Inc. recently exhibited at the Natural Products Expo West, the largest show of its kind on the West Coast. The company's management team and sales staff were present to promote Reed's Ginger Brew and Virgil's products to more than 53,000 industry members and retail consumers. While at the convention, Reed's signed two new distribution agreements with Middle Eastern distributors, one in Israel and the other in Jordan. "This show was a major success for us," stated Christopher Reed, Founder and CEO of Reeds, Inc. "We had two great new products to push, our new Virgil's Orange Cream Soda and…

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