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TuesdayOct 07, 2008 1:36 pm

Royale Energy Inc. (ROYL) Discovers Natural Gas in Two California Sands

San Diego-based Royale Energy Inc. (Nasdaq: ROYL) focuses on the development, acquisition, exploration and production of natural gas and oil in California, Texas and the Rocky Mountains. The company today announced a natural gas find in California as part of its 2008-A drilling project. The natural gas was discovered in its Andrus Island East well in the Sacramento Basin. The well was drilled to 7,000 feet and logged pay dirt in two natural gas-filled sands in the Nortinville formation at 3,350 feet and 3,800 feet, according to the press release. The Starkey Channel had greater depth, and - though it…

TuesdayOct 07, 2008 1:25 pm

Proteonomix Inc. (PROT.PK) is “One to Watch”

Proteonomix Inc. is a biotechnology company dedicated to the development of cell therapies to treat a wide variety of diseases. Headquartered in Mountainside, New Jersey, their current research is focused on cosmetics, anti-aging, and injury. Through their subsidiary, ProteoDERM, INC., they are commercializing their various products. Their new line of anti-aging skin care products is now hitting the market. These anti-aging products are the Matrix NC-138 system of products, sold as Matrix NC-138™ (3%) Serum, Day Cream SPF-25, Matrix Night Cream, a gentle cleanser and a gentle exfoliator. Proteonomix is also developing a platform for the growth of contaminant-free human…

TuesdayOct 07, 2008 11:39 am

WaferGen Biosystems, Inc. (WGBS.OB) Signs Two International Distribution Agreements

WaferGen Biosystems, Inc. (WGBS.OB), the California-based gene and stem cell research systems developer, announced today the signing of an exclusive distribution agreement with Euroclone S.p.A in Italy. Euroclone will distribute WaferGen’s SmartSlide™ Micro-Incubation System. WaferGen also signed a distributor agreement for SmartSlide with Takeda Rika Kogyo, Co. Ltd., of Japan. Both distributors serve cell biologists and stem cell researchers in the life science markets within their geographic areas. WaferGen's SmartSlide Micro-Incubation System is a unique family of integrated fluidics exchange micro-incubation products that work seamlessly with inverted microscopes. This breakthrough technology is enabling cell biology and stem cell researchers to…

TuesdayOct 07, 2008 11:35 am

FDIC to Increase Cost of Deposit Insurance

On Tuesday, the Federal Deposit Insurance Corporation proposed an increase in insurance fees that would double the current rate charged to a financial institution for accepting deposits. Oher changes that will affect fees imposed upon institutions of higher risk are scheduled for April. FDIC Chairwoman Sheila Bair asserts the industry's need for the current action. Unless an alternative is agreed upon, the change will take effect on January 1st, 2009. Let us hear your thoughts below:

TuesdayOct 07, 2008 11:35 am

WiMax Technology – Standing Strong in the Face of Adversity

Despite criticism from many opinionists who say that present market conditions are too shaky, Sprint Nextel is moving forward with a technology in which it has heavily invested itself. This Wednesday, in the city of Baltimore, Sprint's new WiMax network will be launched. A little further down the line, Wireless broadband provider Clearwire intends to absorb Sprint's WiMax assets by year's-end, and launch the technology nationwide. Experts have questioned any company's current ability to raise the proper capital for such a venture, yet Clearwire has already partnered with such giants as Google, Intel, and Comcast on the investment; securing more…

TuesdayOct 07, 2008 11:33 am

Bernanke Speaks – Sell-Off Continues

Federal Reserve Chairman Ben Bernanke took center-stage in the financial crisis proceedings on Tuesday, giving a speech that arguably had a negative effect on trading indeces. Bernanke basically stated the obvious: the current financial crisis plaguing the markets is not just a here-and-now problem, but rather is set to be a long-term burden on our overall economy. Stocks dropped once again as Bernanke's speech seemed to indicate an impending interest rate cut. It seems that the bulk of investors continue to wait for some good news to come from the Fed; hoping for a glimpse of light at the end…

TuesdayOct 07, 2008 11:32 am

QuoteMedia, Inc. (QMCI.OB) New Agreements Facilitate Growth

QuoteMedia is one of the world's most highly recognized and trusted providers of market data and critical financial resources. Recently announced entries into new agreements and alliances may be instrumental in accelerating the growth and development of the company's business model. The past few months have proven beneficial for QuoteMedia, beginning with its announcement of a partnership with Gannett Co., Inc.'s Captivate Network, a veritable force in digital news and entertainment programming and advertising. The company, through the provision of its reliable, up-to-the-minute market data, will gain exposure to Captivate Network's audience of nearly three million business professionals. The placement…

TuesdayOct 07, 2008 11:30 am

Gold and Silver Prices May Have Reached a Tipping Point

During this past summer there was a profound correction in gold and silver which was comparable to the correction that occurred in 1975. Around that time, gold prices dipped by almost 50 percent from peak to trough. Since its March all-time high of $1,030 an ounce, gold has completed a perfect 38.3 per cent Fibonacci retracement, bouncing back to current price levels. Silver also followed the Fibonacci sequence, albeit with a deeper 50-percent fall from March peak to the trough. An important factor to take in to consideration is that price corrections are unlikely to happen again in precious metals.…

TuesdayOct 07, 2008 11:22 am

Market Leader IBM to Utilize Adaptec Inc.’s (ADPT) RAID Technology to Create an Industry First

Adaptec Inc. (Nasdaq: ADPT) provides software and hardware-based storage solutions for Original Equipment Manufactures (OEM). Their technology provides the ability to safely and securely move, manage and protect data and digital content. The company’s solutions are applicable for government organizations, as well as medium and small businesses around the world. The company today announced an agreement with IBM in which IBM will integrate Adaptec’s RAID Storage Processor (RSP) technology into the IBM BladeCenter S. This integration will create the first-of-its-kind redundant shared-blade storage system. Adaptech’s president and CEO, S. “Sundi” Sundaresh, said the deal boosts Adaptec’s operations and its dedication…

TuesdayOct 07, 2008 7:14 am

Canadian Zinc Corp. (CZICF.OB) Nearing Permitting Completion, Solid Reserves of Zinc and Lead Indicated at Northwest Territories Mine Site

Any natural resources company will admit that the permitting process to get activities underway is difficult and time-consuming. Given a solid plan of attack and good will with the permitting agencies, the process can move forward with a minimum amount of delay and expense. Solid management and a desire to work toward a common goal is the key to getting operations under way sooner rather than later. Timing an investment to when the process is nearing completion is the key. Canadian Zinc Corp., an exploration and development mining company, works to find, develop and exploit mineral deposits primarily in Canada.…

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