Blog - Page 4124 of 5533

MondayJan 26, 2009 5:59 am

Monitoring Sector 10, Inc.’s (SECT.OB) Patent Activity

Having already been recently issued Patent 7188846 by the United States Patent and Trademark Office for a Mobile Safety Compliance Apparatus, Sector 10 is seeking additional patent protection in its current application with the publication number US2007/0278757. Both the issued patent and pending patent application focus on creating a “portable health and safety compliance apparatus having compartments for storage, waste disposal, and a water system for cleaning, and washing.” The value added over the prior art essentially boils down to the notion that this all-in-one health maintaining device can 1) operate outdoors, and 2) be portable. This patent activity strengthens…

FridayJan 23, 2009 9:03 am

Hunt Gold Corp. (HGLC.PK) Announces Sale of “Lookout Silver” Mine

Today, Hunt Gold Corp. announced that it has met the terms required to sell its "Lookout Silver" Project by staking six additional mining claims at its "Lookout Silver" Project in Arizona. The land package now includes lode claims on three vein systems that have been historic producers of silver and other metals. According to the press release, the company has added another 1,000+ feet on the Silver Belt vein, which nearly doubles the 1,200 feet the company already had on its "Lookout Silver Project" lode claim. Hunt Gold also added almost a mile to its lode claims along the Kit…

FridayJan 23, 2009 8:34 am

EZCORP, Inc. (EZPW) Recognizes Positive Fiscal 2009 First Quarter Results

Yesterday after the closing bell, EZCORP, Inc. announced that its net income for the quarter ended December 31, 2008 increased 18% to $14,828,000 ($0.33 per share) from the prior year’s $12,555,000 ($0.29 per share). Included in the figure is an unusual pre-tax charge of $1,110,000 ($0.02 per share) related to a 1998 stock option grant. Not including this charge, the company earned $0.35 per share compared to $0.29 in the prior year quarter, an increase of 21%. Last month, the Company acquired 67 stores from Value Financial Services for a purchase price exceeding $100 million. The company issued approximately 4,072,000…

FridayJan 23, 2009 8:26 am

Geron Corp. (GERN) Gains FDA Clearance to Begin World’s First Human Clinical Trial of Embryonic Stem Cell-Based Therapy

History was made today as Geron Corp. announced that the U.S. Food and Drug Administration (FDA) has granted clearance of the company’s Investigational New Drug (IND) application for the clinical trial of GRNOPC1 in patients with acute spinal cord injury. This unprecedented clearance enables the company to move forward with the world’s first study of a human embryonic stem cell (hESC)-based therapy in man. “The FDA’s clearance of our GRNOPC1 IND is one of Geron’s most significant accomplishments to date,” stated Thomas B. Okarma, Ph.D., M.D., Geron’s president and CEO. “This marks the beginning of what is potentially a new…

FridayJan 23, 2009 7:44 am

Horizon Bancorp (HBNC) Reports Record Earnings for 2008

Horizon Bancorp today announced its unaudited results for the fourth quarter and year ended December 31, 2008. Net income for the year was $8.972 million, or $2.75 per fully diluted share, compared to $8.140 million, or $2.51 per fully diluted share, for the previous year. Net income for the fourth quarter of 2008 was $2.122 million, or $.64 per fully diluted share, compared to $2.010 million or $.62 per fully diluted share for the same quarter of the prior year and $1.373 million, or $.41 per fully diluted share, for the third quarter of 2008. Craig M. Dwight, Horizon’s Chief…

FridayJan 23, 2009 6:47 am

Tamalpais Bancorp (TAMB) Announces Overall Positive Financial Results for Q4 and Full Year

Tamalpais Bancorp. today announced that for the fourth quarter 2008, net income totaled $850,000, or earnings per share (EPS) of $0.22. In the 2007's fourth quarter the company reported net income of $1,139,000, or EPS of $0.30. Net income for the full year of 2008 was $4,829,000, or EPS of $1.26, compared to net income of $4,209,000, or EPS of $1.07, in 2007, representing a 14.7% increase in net income and a 17.8% increase in EPS. According to the press release, the return on average shareholders’ equity was 9.18% in the fourth quarter and 13.74% for the full year of…

FridayJan 23, 2009 6:28 am

Obama and Lawmakers Meet to Discuss Economic Stimulus

President Barack Obama and Congressional leaders are having difficulty finding common ground on an economic recovery plan as Republican resistance to the stimulus package emerges in the House. The president and top Democrats and Republicans from the House and Senate planned to meet today to discuss the spending and tax cutting legislation that Obama has demanded to tackle the gloomy economy. Yesterday, The House Ways and Means Committee approved $275 billion in tax cuts on a party-line vote of 24-13. The House Energy and Commerce Committee, also working on the bill, approved $2.8 billion to expand broadband service into underserved…

FridayJan 23, 2009 5:56 am

Thresher Industries, Inc. (THRR.PK) is Run by a Team of Seasoned Professionals

CEO Tom Flessner started his career in product design in the mid 1960's with Outboard Marine Corporation, the parent company of Johnson and Evinrude outboard motors. The focus of his career has been on the die-casting and foundry management business. Mr. Flessner is known for his ability to successfully turn around distressed manufacturing companies. In 1991 he was instrumental in the turnaround of Puget Cast Products Casting Division in Tacoma, Washington and later Allied Die Castings in Rutherfordton, North Carolina. In 1996, as Director of the Precision Pressure Cast Division of Alyn Corporation, he participated in the design and construction…

FridayJan 23, 2009 2:59 am

Axial Vector Energy Corp. (AXVC.PK) Engine Technology Holds Multiple Possibilities for Military and Commercial Applications

Axial Vector Energy Corporation (OTC: AXVC) is a publicly traded company and global solutions provider engaged in the development and licensing of a revolutionary internal combustion engine and electric power generator technologies that possess great potential in the military, industrial and commercial sectors. Axial Vector and their partners have positioned the company to become an established leader in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive, and versatile solutions for use in a wide array of important applications that span the globe. The Axial Vector engine is ideal for military applications for a…

ThursdayJan 22, 2009 9:19 am

Hunt Gold Corp. (HGLC.PK) Completes Sale of American Molygold Corp.

Hunt Gold Corporation announced today the completion of the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp. $620 million in shares of a USA quoted Company will be paid in exchange for the interests. This Company, which is focused exclusively on the business of Molybdenum and Rare Earths, is currently being renamed to Independence Strategic Minerals, Inc. Hunt Gold reaffirmed that it will be distributing all of the shares received from the sale of American Molygold Corp. to its shareholders once it has received the shares. According to the press release, stockholders will be advised…

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