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FridayNov 13, 2009 10:47 am

New Generation Biofuels Holdings, Inc. (NGBF) Announces Financial Results for Third Quarter 2009

New Generation Biofuels Holdings, Inc. today announced its financial results for the quarter ended September 30, 2009. Reporting revenues of $34,412 for the quarter, the company recognized a net loss of $2.3 million. For the first nine months of 2009, the company had net revenues of $77,048, and a net loss of $9.7 million. As of September 30th, New Generation Biofuels had approximately $1.3 million in cash. Net cash used in operating activities was $5.2 million for the nine months ended September 2009, compared to $4.4 million in last year's comparable period. Year-to-date Highlights and Accomplishments include: • Completed construction…

FridayNov 13, 2009 9:58 am

Muscle Flex, Inc. (MFLI.PK) Readies Release of the BUDDY Tablet Caddy Two-Minute Commercial and Landing Page

Muscle Flex Inc. announced today before the opening bell that it will release the BUDDY Tablet Caddy two-minute commercial and the one-page landing page after the close of trading next Friday on November 20, 2009 for the American Music Awards weekend. Exposed to millions of people during the American Music Awards pre-show online telecast, CEO Danny Alex will discuss fitness, lifestyle as well as Muscle Flex and its brands from the red carpet of the Nokia Theatre in downtown Los Angeles. The massive amount of exposure on the AMA weekend is perfect timing for the release of the BUDDY Tablet…

FridayNov 13, 2009 9:16 am

China Crescent Enterprises, Inc. (CCTR.OB) Reviews Company Acquisition Plans

Yesterday, China Crescent Enterprises, Inc. released an on-demand Webcast presentation featuring CEO Paul Danner with a review of the company’s recently announced acquisition plans. The webcast featured China Crescent’s announcement last week of its intention to acquire a subsidiary of China Radio Technology, Ltd. A Hong Kong-registered company, China Radio Technology Ltd. is a mobile communication hardware and software company. The subsidiary is anticipated to bring in $20 million in annual revenue. China Crescent currently generates approximately $40 million in annual revenue; therefore the contemplated acquisition could increase annual revenue in 2010 by approximately fifty percent. The company also anticipates…

FridayNov 13, 2009 9:14 am

eMagin Corp. (EMAN.OB) Ushers in Third Phase of OLED Microdisplay Development

Yesterday, eMagin Corporation announced that it has commenced a 2-year, $6 million program to develop an ultra-high resolution OLED microdisplay. Managed by the Telemedicine and Advanced Technology Research Center of the US Army Medical Research and Materiel Command, the program introduces the third phase of a multiple year effort to provide a prototype of an ultra-high resolution display system suitable for several applications within Army medicine and military simulation and training. The Widescreen Ultra eXtended Graphics Array (WUXGA) microdisplay will be sized for a less than one-inch diagonal with over 7 million pixels at a 9.6 micron color pixel pitch.…

FridayNov 13, 2009 9:12 am

Synergy Pharmaceuticals (SGYP.OB) Completes Private Placement – Raises $8.6 Million in Common Stock Financing

Synergy Pharmaceuticals, Inc., a leading biopharmaceutical company focused on the development of new drugs to treat gastrointestinal disorders and diseases, recently announced that the company has completed a private placement, raising an aggregate $8.6 million through the sale of common stock at a price of $0.70 per share. The proceeds from the private placement will be used to fund a Phase IIa clinical trial of Synergy’s SP-304 for chronic constipation, which is scheduled to commence in the first quarter of 2010. SP-304, a synthetic analog of the human gastrointestinal hormone uroguanylin, recently finished a Phase I clinical trial in volunteers.…

FridayNov 13, 2009 8:52 am

Newport Digital Technologies (NPDT.OB) Signs Licensing Agreement with Microsoft

Newport Digital Technologies Inc. recently announced that it has signed a licensing agreement with Microsoft to develop RFID (Radio Frequency Identification Technology) related applications for its Windows Mobile platform, utilizing the MS Windows Mobile operating system. NDT will offer a comprehensive line of mobile computing products, targeting RFID field applications for use in asset tracking, inventory management, and POS for various B2B markets. NDT’s CEO, Gary DeMel, a twenty-eight year veteran of the semiconductor and high-tech industries, commented on the agreement. “We are very excited to work with Microsoft's technology and business teams to develop the next generation of RFID…

ThursdayNov 12, 2009 3:23 pm

Metalink Ltd. (MTLK) Reports Loss in Third Quarter

Metalink Ltd. reported a net loss of $4.0 million, or $0.16 per share, in the third quarter of 2009. These results were slightly worse than the $3.0 million, or $0.13 per share, the company lost in the same quarter last year. Revenues were $500,000 in the third quarter of 2009 compared to $800,000 in the same quarter last year. Metalink Ltd. has had a difficult time during the recession due to a drop in orders from its customers. The company received a warning from its auditors in March 2009, expressing doubts about its ability to continue as a going concern.…

ThursdayNov 12, 2009 3:21 pm

Anpath Group, Inc. (ANPG.OB) Retains Investment Bankers Laidlaw & Company to Provide Guidance on Strategic Transactions

Anpath Group, Inc., a manufacturer and producer of eco-friendly cleaning and disinfecting products that help prevent the spread of infectious microorganisms, recently announced that the company has retained the investment banking firm Laidlaw & Company to provide investment banking and financial advisory services, as well as advice on strategic transactions, including possible technology licensing arrangements. Anpath Group, Inc., through its wholly-owned subsidiary, EnviroSystems, Inc., specializes in safe infection prevention technologies designed to eradicate infectious microorganisms while offering a favorable safety and environmental profile. Laidlaw & Company personalized investment advice and skillful execution to private and public institutions, and has developed…

ThursdayNov 12, 2009 12:36 pm

Initial Jobless Claims Continue Decline, 502K Figure Beats Expectations

Labor Department statistics released today showed a marked decline in initial jobless claims, extending a run of such declines. Initial claims are an important barometer for layoffs and hiring. A 12K decline to 502,000 from the previous week, and a drop in the 4-week average to 519,750, is a strong indicator of improvement. The 4-week average is down 20% since the highpoint earlier this year, and initial claims look like those from the beginning of this year. Despite these facts, we are still well above the accepted 450,000 benchmark, which represents the point at which the labor market is theoretically…

ThursdayNov 12, 2009 12:33 pm

GeoGlobal Resources (GGR) Gets Approval for Offshore Oil

GeoGlobal Resources, Inc., an oil and natural gas exploration and development company focusing on India, has announced another step forward in its bid for oil off the coast of eastern India, as part of a consortium led by GSPC (Gujarat State Petroleum Corporation). The company has announced that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained. The Field Development Plan includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells, which include three slant wells…

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