Blog - Page 4092 of 5677

MondayAug 24, 2009 12:58 pm

FormCap (FRMC.PK) Due Diligence Completed on the Frio Draw Prospect

FORMCAP CORP (PINKSHEETS:FRMC) announced today that it has completed its Due Diligence of the Frio Draw Prospect located in Curry County, New Mexico. FormCap's management team and consultants completed a thorough review of all legal, technical and geological information available on the Frio Draw Prospect. All of the mineral leases, which make up the prospect, have been properly recorded and the lease bonus payments, all of which are for a five year term, have been verified. A drill site visit was conducted, meetings were held with the Driller, Landsat Data Consultant and the Geologist responsible for generating the prospect. "We…

MondayAug 24, 2009 11:59 am

Capstone Turbine Corp. (CPST) Lands Big South American Order

Capstone Turbine Corp., the world’s leading producer of microturbines for localized generation of electricity, today announced an order for three of their large C800 microturbines, capable of generating 800 Kw of electrical power, for use with a major wastewater treatment facility in Brazil. The total order is valued at over $2 million and represents the company’s first sale of the C800 in South America. The order comes from Fluxo Servicios de Petroleo, Capstone’s distributor in Brazil. It is for a wastewater treatment plant serving millions of residents in two cities. The plant treats 4,500 liters of sewage per second, and…

MondayAug 24, 2009 11:56 am

New Energy Technologies Inc. (NENE.OB) Has a Successful Prototype Energy Harvester

New Energy Technologies Inc. is a developer of next generation alternative and renewable energy technologies. One of the technologies that the company is developing is called MotionPower, a roadway system for generating electricity by capturing the kinetic energy produced by moving vehicles. New Energy Technologies announced today successful completion of its first-ever MotionPower prototype energy harvester for heavy trucks and vehicles to be installed at such locations as truck stops, weigh scales, commercial ports of entry, and shipping sites. This newly developed technology complements the company's previously prototyped MotionPower system for cars and light trucks. MotionPower technology is a roadway-based…

MondayAug 24, 2009 11:22 am

Solanex Management Inc. (SLNX.OB) Up 90% on Above Average Volume

Solanex Management’s shares are currently trading at $0.19, up 90%, on more than 140,000 traded shares. With a daily average of 1,300 traded shares, the stock is trading far above its typical volume and its only noon! In most recent news, the company announced that it has entered into a Letter of Intent to acquire certain sales, marketing and distribution rights to a Waste to Energy technology from Alten Power Corporation. The due diligence period is to conclude on or before October 21, 2009. As term of the agreement, Solanex would acquire any and all rights to projects that have…

MondayAug 24, 2009 11:02 am

Competitive Technologies, Inc. (CTT) Therapy Device to Treat Patients at University of Miami

Competitive Technologies, Inc. announced that the University of Miami Pain Management Center will be using its pain therapy medical device to treat patients. The initiative is under the direction of Dr. Salahadin Abdi, MD, PhD, Professor and Chief, University of Miami Pain Management Center, and Dr. David A. Lubarsky, MD, Professor and Chairman of the Department of Anesthesiology, Perioperative Medicine and Pain Management at the University of Miami School of Medicine. "This non-invasive pain therapy medical device treats pain without the harmful side effects of narcotic painkillers," said John B. Nano, CTT's Chairman, President and CEO. "Cleared for use by…

MondayAug 24, 2009 10:54 am

Applied Nanotech Holdings, Inc. (APNT.OB) Establishes Business Development Advisory Committee

Applied Nanotech Holdings, Inc. this morning announced the formation of a special advisory committee to the Board of Directors that will assist in formulating and implementing business development activities. This new committee will be headed by Director Paul Rocheleau and will also include board member Clint Everton and members of management. In the near future, the company plans to add other qualified outsiders. "We have a greater breadth of technology and more opportunities than at any time in the history of the company," stated Doug Baker, Chief Executive Officer of APNT. "The most important thing that we can do now…

MondayAug 24, 2009 10:51 am

Insight Management Corp. (ISIM.OB) Stays the Course to Meet its Growth Objectives

Insight Management Corp. today gave investors additional details regarding its near-term growth strategy. Now that the company has established a solid foothold in the natural gas pipeline services industry, it anticipates meaningful growth through the acquisition of other complementary oil and gas enterprises that offer greater diversity in revenue streams. Insight Management is currently focused on finding suitable candidates in the $15 million to $25 million revenue range that will be accretive to the company's capital structure. Meanwhile, revenues of its wholly owned subsidiary, Rebel Testing, Inc. (RTI), are expected to grow organically as demand for natural gas pipeline and…

MondayAug 24, 2009 10:15 am

Omnicity Corp. (OMCY.OB) to Expand Its Rushville, Indiana Operations

Omnicity Corp. is a company based in Rushville, Indiana providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company plans to become a premier consolidator of rural market broadband nationwide. Omnicity currently provides broadband access to more than 30 rural Indiana counties. The company began delivering broadband services to rural Indiana markets in 2003. They partner with local governments and rural electric cooperatives to bring broadband access to nearly 6,000 subscribers across the state. Omnicity recently announced that it would expand its operations in Rushville, Indiana and add approximately…

MondayAug 24, 2009 10:14 am

SkyPostal Networks, Inc. (SKPN.OB) Enters Into Major Co-Marketing Partnership

SkyPostal Networks, Inc., a young company that has been gaining national recognition as the world’s largest private postal network in Latin America, today announced that it has entered into a co-marketing agreement for its PuntoMio online shopping facilitator with the Brazilian Bank; Banco Itaucard. Banco Itaucard is controlled by Itau Unibancob which is one of the largest financial conglomerates in Latin America and one of the 15 largest in the world in terms of market capitalization. PuntoMio provides Itaucard customers with the easiest and most secure way to shop from the U.S., by merging the convenience of comparison shopping through…

MondayAug 24, 2009 8:22 am

General Environmental Management, Inc. (GEVI.OB) Strategically Sells GEM MTS; Strengthens Balance Sheet

General Environmental Management, Inc., a leading environmental and waste remediation company, announced this morning that it has sold the stock of its GEM Mobile Treatment Services, Inc. (GEM MTS) unit to MTS Acquisition Company, Inc. According to the press release, GEM MTS will function independently with a seamless transitory period. In exchange, GEM received promissory notes in the aggregate amount of $5.6 million, the assumption by GEM MTS of approximately $1.0 million of accounts payable as well as future royalties. In an effort to reduce liabilities and thus strengthen the balance sheet, the company has immediately assigned the consideration to…

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