Blog - Page 4124 of 5545

WednesdayFeb 11, 2009 9:51 am

U.S. Trade Deficit Falls for Second Straight Year

As a result of the slowing economy, the U.S. Commerce Department announced this morning that the trade deficit has fallen to a six year low in December 2008. The trade deficit decreased 4 percent from $41.6 billion in November to $39.9 billion in December 2008. This latest figure is the lowest number recorded since February 2003 when the trade deficit totaled $39.7 billion. While the latest figures show promising numbers, a look at the annual numbers give an even more dramatic picture. In 2008, the trade deficit actually fell 3.3 percent to $677.1 billion. This is the second straight year…

WednesdayFeb 11, 2009 9:48 am

Neohydro Technologies Corp. (NHYT.OB) Announces Tremendous Success of Wastewater Treatment System

Neohydro Technologies Corp. excitedly announced today that its new wastewater treatment technology has astounded oil and gas operators and wastewater disposal companies with results that exceeded their highest lab-projected expectations. The wastewater treatment system was tested over a month of extensive real-world operations. “This is huge for us,” stated Neohydro Technologies Corp. CEO Dean Themy. “We’ve had promising results in the lab, but everyone needed to know the system would hold up under real-world conditions for extended amounts of time. It has! Now all the clients that were waiting in the wings are scrambling to enter into service agreements.” The…

WednesdayFeb 11, 2009 9:37 am

China VoIP & Digital Telecom Inc. (CVDT.OB) Subsidiary Approved to Launch the Virtualization Technology Application Engineering Research Center of Shandong Province

Today, China VoIP & Digital Telecom Inc. announced that its wholly owned subsidiary, Jinan Yinquan Technology Co., Ltd., has received authorization to launch the Virtualization Technology Application Engineering Research Center of Shandong Province (the Center) from the Department of Science & Technology (DST) of Shandong Province. The Center is the first Chinese provincial research center on virtualization technology application. Mr. Li Kunwu, Chairman and CEO of CVDT, commented, "The opening of the Center is another major achievement of Yinquan in promoting virtualization based on the support it is receiving from the Shandong Information Industry Department . The virtualization solution provided…

WednesdayFeb 11, 2009 9:30 am

Share Price of ADVENTRX Pharmaceuticals, Inc. (ANX) Up Another 69%

Yesterday before the opening bell, ADVENTRX Pharmaceuticals, Inc. announced that it received interest from many companies representing a range of strategic transactions and is currently evaluating all of the proposals. Upon release of the news, the share price of the company spiked up 60%. Today the price per share reached $0.2399 for an additional 69% gain. Brian M. Culley, Chief Business Officer of ADVENTRX, commented on the news, “We are pleased with the number and breadth of opportunities presented to us and are currently negotiating with interested parties. In order to provide sufficient flexibility to consummate a transaction on appropriate…

WednesdayFeb 11, 2009 9:15 am

Cray, Inc. (CRAY) Announces Financial Results

Cray Inc. yesterday announced its financial results for the full-year and fourth quarter ended December 31, 2008. The company announced that the total revenue generated was $282.9 million for the year. The company would have had a profitable year if it were not for a $54.5 million non-cash goodwill impairment taken in the fourth quarter. According to the company, this goodwill impairment will have no effect on its cash balances or cash flow from operating activities. Overall gross profit margin improved to 39.3 percent in 2008, a respectable increase over the 35.1 percent reported for 2007. Product margin for 2008…

WednesdayFeb 11, 2009 6:26 am

Enterprise Oilfield Group Inc.’s (TSX: E) Small Diameter Pipeline Construction Services

Enterprise Oilfield provides pipeline construction services, in addition to its utility infrastructure and directional drilling business. The company primarily focuses on the construction of small to medium diameter pipeline on steel gathering systems up to 12” in diameter, and related oilfield maintenance services to the energy services industry. Services offered by Enterprise Oilfield include pipeline construction, repairs and maintenance, wellhead tie-ins, water injection lines, facilities construction and maintenance, oilfield hauling, CO2 injection, road & lease construction, site construction for drilling, and much more. According to the company, its major projects are weighted more in oil than in gas projects. E&P…

WednesdayFeb 11, 2009 6:02 am

Axial Vector Energy Corporation (AXVC.PK) is Serious about Protecting its Revolutionary Technologies

Axial Vector Energy Corporation (AXVC.PK), a global solutions provider who owns, develops and licenses advanced internal combustion engine and power generator technologies that have unlimited potential in military, industrial, and commercial applications around the world, has trademark applications pending with the United States Patent and Trademark Office and the Canadian Intellectual Property Office for protection of the mark “AV” and “AVE.” Axial Vector Energy Corporation offers significant growth potential with its revolutionary engine and generator technologies. The company’s Piezoelectric Liquid Injector is a fuel or liquid injector, which includes a needle valve and a piezoelectric actuator that bears a hydraulic…

WednesdayFeb 11, 2009 5:59 am

Learning from the Great Wisdom and Financial Success of Warren Buffett

Warren Buffett is probably most notable in his investment style as a proponent of being a common-sense, longer-term investor. By using this approach, the man has become known as the world’s most successful investor. His long track record of success is unprecedented and, according to Forbes, Warren Buffett is among the richest men in the world with a total net worth in the neighborhood of $50 billion. When seeking for opportunities to fund future growth, Buffett prefers companies that can meet their requirements through internally generated cash, as opposed to raising capital by taking on debt or issuing more stock.…

WednesdayFeb 11, 2009 5:44 am

Sector 10, Inc. (SECT.OB) Secures Necessary Funds for Growth Strategy

Sector 10, Inc. announced this morning that it has secured a line of credit to introduce its new products and their capabilities to the market. The funds will enable the company to accomplish the established goals for 2009/2010. According to the press release, the credit facility was structured through Sector 10 Holdings, Inc., the Company's largest shareholder who has provided funding throughout the company's development phase. Pericles DeAvila, CEO of Sector 10, stated, "Sector 10 has a tremendous opportunity in the market place and will be taking full advantage of its available resources. The management will be carefully managing cash…

TuesdayFeb 10, 2009 2:52 pm

eDOORWAYS Corp. (EDWY.PK) Achieves “Current” Status

eDOORWAYS today announced that it has successfully filed its Q2 and Q3 for 2008. As of yesterday, the company has reached "current" status. This status is crucial to the company's goal of returning to the OTCBB markets. In a press release dated February 5th, 2009, Gary Kimmons, CEO of eDOORWAYS Corporation stated, "Moving back to the OTCBB has long been a goal for the company... but one of the primary hurdles was getting current." Now that the company is current, it is likely that investors will find eDOORWAYS an even more attractive investment opportunity. Additionally, by being in a position to…

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