Blog - Page 4095 of 5384

ThursdayOct 23, 2008 10:53 am

Sona Mobile Holdings Corp. (SNMB.OB) Launches mWagerTM Mobile Wagering with New York Racing Association

Sona Mobile Holdings Corporation (SNMB.OB), a leading provider of secure software solutions for gaming and entertainment applications, today announced the launch of their first live mWagerTM mobile gaming application with the New York Racing Association (NYRA), one of the most powerful racetrack operators in the thoroughbred business. NYRA operates the three biggest thoroughbred racetracks in New York, Belmont, Saratoga, and Aqueduct, and processed more than $1 billion in wagers last year. Sona Mobile’s new mWager platform represents a major advance in bringing track wagering to mobile devices. Although the company’s current Sona Gaming SystemTM (SGS) product provides both wired and…

ThursdayOct 23, 2008 10:50 am

SpaceDev (SPDV) To Be Acquired By Sierra Nevada Corporation

SpaceDev, Inc. (SPDV.OB), an emerging space technology company based in California, has received a takeover bid, approved by SpaceDev Board of Directors, from Sierra Nevada Corporation, a privately held provider of high technology electronics, avionics, and communications systems. The announcement was made by Sierra Board Chairman Eren Ozmen. Sierra plans to acquire the outstanding equity of SpaceDev for $38 million, resulting in a net share price offering of approximately 70¢, a premium of between 42% and 50% based upon SpaceDev’s closing share price over the past 30 trading days. The plan will be formally presented to SpaceDev stockholders for a…

ThursdayOct 23, 2008 10:48 am

MyECheck, Inc. (MYEC.OB) Provides Better Processing over Traditional Services

MyECheck, Inc. (MYEC.OB), with headquarters in El Dorado Hills, California, has become a leader in providing an alternative payment solution for merchants and online retailers. While other solutions are based upon automated clearing house (ACH) transactions, MyECheck works on an entirely different system that enables it to surpass ACH in every aspect of processing. One important advantage is that MyECheck has access a broader range of financial institutions. While ACH transactions are not able to debit funds at all small banks, S&Ls, brokerage accounts, credit card check accounts, or credit unions, the MyECheck system is able to debit any US…

ThursdayOct 23, 2008 9:05 am

QuoteMedia, Inc. (QMCI.OB): Broad Market Coverage on a Manageable Scale

QuoteMedia's market coverage is absolutely expansive; the activities of every major North American exchange and ECN is meticulously monitored and documented. All this data can then be retrieved by any one of the platform's users. QuoteMedia provides up-to-the-minute info on common and preferred stocks, options, futures, commodities, currencies, warrants, mutual funds, UITs/ETFs, rates, and indices. Perhaps just as importantly, customers can also browse comprehensive archives of historical data in these areas. Along with superior quote coverage, QuoteMedia offers easy access to news and filing information. Users can customize news feeds to specifically meet their own requirements; whether it be sector…

ThursdayOct 23, 2008 9:03 am

Unemployment Claims Continue to Rise

Last week's numbers for jobless claims were up by 15,000 to a more-than-expected total of 478,000. Unemployment levels above 400,000 have traditionally been considered a sign of recession. Several large corporations have been announcing heavy job cuts and reductions in hiring, and according to former Fed chairman Alan Greenspan, the job market is only going to get worse. "Given the financial damage to date, I cannot see how we can avoid a significant rise in layoffs and unemployment," he said Thursday. If Greenspan is correct, it could mean more bad news for an already floundering economy. Let us hear your…

ThursdayOct 23, 2008 9:02 am

$50 Oil in the Cards?

Back on July 18th, when many people thought oil prices would continue their meteoric rise, Scott Bleier, president of CreateCapital.com, said: "The commodity trade is over...oil is going to $100 per barrel." As it turns out, Mr. Bleier understated himself. Today, he predicts that by the beginning of 2009, we are going to see fifty dollar oil. Prices on Thursday rose above $67 a barrel as investors prepared for an OPEC production cut. Let us hear your thoughts below:

ThursdayOct 23, 2008 9:01 am

FDIC To Protect Homeowners Against Foreclosure

FDIC chairwoman Sheila Bair appeared before the Senata Banking Committee on Thursday, citing that her agency was working with the Treasury Department to address the problems of so many American homeowners. With third quarter foreclosures jumping 71 percent, and the American people displeased with the main focus of the financial rescue resting on large institutions, people are now looking to the goverment to provide aid to the individual homeowner. The plan would include providing guarantees to lenders who modify loans, allowing individuals to avoid unecessary foreclosures. Let us hear your thoughts below:

ThursdayOct 23, 2008 7:27 am

Hydrogenics Corp. (HYGS) to Deliver Fuel Cells for Back-Up Power in Telecom Centers

Today, Hydrogenics Corp. announced that it will be delivering Fuel Cell Power Modules as well as its power conditioning and controller modules to CommScope Inc. The modules will be used to provide extended run and environmentally friendly backup power systems to leading telecom carriers around the globe. Hydrogenics HyPM fuel cell modules will be integrated in Andrews' EcoPower Integrated Fuel Cell Solution. Daryl Wilson, President and CEO of Hydrogenics, stated, “Hydrogenics HyPM fuel cells deliver the ideal technology for power backup systems. The Proton Exchange Membrane (PEM) hydrogen fuel cells housed in Andrews' secure, weather resistant cabinets, provide a smaller…

ThursdayOct 23, 2008 7:21 am

China Natural Gas Inc. (CHNG.OB) Appoints New Chief Financial Officer

Today before the opening bell, China Natural Gas Inc. announced that it has appointed Richard P.Wu as its CFO, effective immediately. Mr. Wu has over a decade of leadership experience working in both financial and operational positions. He received his Master of Business Administration in Finance from The Wharton School, University of Pennsylvania, and a Master of Justice Administration from Indiana University. In addition, he holds a Master of Law from China University of Political Science & Law. Prior to joining China Natural Gas, Mr. Wu served Tejari World FZ LLC, one of the largest online e-procurement service providers and…

ThursdayOct 23, 2008 6:55 am

Simtrol (SMRL.OB) Provides the Necessary Solutions

Simtrol is a company with a vision that may lead to a dominate position in the healthcare industry by providing efficiency in the operating room and allowing this saved time to equate to saved money in the pockets of patients. Simtrol has embraced the challenge of cutting healthcare costs. Today, hospitals across the country have technology-heavy operating rooms that increase the price of a hospital stay to patients across the United States. Numerous controllable devices, including scopes, arms, lasers, operating tables, lighting, drapes, and teleconferencing technology, are used to conduct critical procedures and display vital information; yet hospitals have lacked…

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