Blog - Page 4124 of 5383

MondayOct 06, 2008 4:58 am

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) Awarded Solar Product Patent

Today, before the bell, Brite-Strike Tactical Illumination Products announced that the company and its president have received US Patent No. 7,350,692, for a Solar Powered Mailbox/Driveway Lamp. The first product based on this concept is anticipated to be commercially available next year and will be the first Brite-Strike device to utilize LED lighting powered by small solar panels. Glenn Bushee, President of Brite-Strike, stated, “This product will be our first entry that marries the energy efficiency of LED light with the portability of solar. The technology we developed for our revolutionary tactical flashlights has direct applications for many lighting applications,…

MondayOct 06, 2008 4:21 am

The Axial Vector Engine (AXVC.PK) Roars Ahead of the Pack

The Axial Vector Energy Corporation has been making national news for their creative technology that has Wall Street taking notice of the company and environmentalists everywhere smiling. The revolutionary Axial Vector Engine is AVEC’s flagship technology and will serve as the core of the company’s initial market applications. The engine is incredibly powerful and is capable of producing significantly higher horsepower and torque with considerably lower fuel requirements than conventional engines of similar size. What really has people talking is how the Axial Vector Engine is a friend of the environment. The engine is considerably cleaner and produces fewer emissions…

SaturdayOct 04, 2008 6:02 am

Monro Muffler Brake (MNRO): Helping Cars Run, But Can It Do the Same for Portfolios?

Monro Muffler Brake (MNRO) is a provider of automobile and repair services, including brakes, mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignments. As of March 29, 2008, it operated 720 company-owned and 14 dealer-operated stores in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont, New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware, and Maine under the Monro Muffler Brake & Service, Tread Quarters Discount Tire, and Mr. Tire names. Companies such as Monro stand to benefit from slumping auto sales, especially those of US-based car makers. Chrysler, Ford and…

SaturdayOct 04, 2008 6:00 am

Four Rivers BioEnergy Inc. (FRBE.OB): Leading the Charge to Reduce America’s Oil Addiction

Four Rivers BioEnergy (FRBE) is a development stage energy company focused on developing seed processing facilities and refineries for the production, sale, and distribution of ethanol and bio-diesel products. The company develops, owns, and operates a corn-based dry mill fuel grade ethanol plant, a bio-diesel plant, and other renewable bio-energy facilities. Biofuels, particularly ethanol, have gained popularity in recent years as the US government has searched for ways to help reduce America's dependence on imported oil. Many ethanol producers and corn farmers receive massive government subsidies to continue production of ethanol. Companies such as Four Rivers stand to benefit from…

FridayOct 03, 2008 1:27 pm

Shares of Matrix Service Company (MTRX) Fall to 52-Week Low Despite Better than Expected Earnings

Matrix Service Company (NASD: MTRX), a provider of general industrial construction, repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries, recently announced its financial performance for the first fiscal quarter of 2008. The company’s total revenues for the first quarter increased 15.7 percent to $186.7 million, up from the $161.3 million recorded in the first quarter of fiscal 2008. Net income for the period totaled $9.5 million, or $0.36 per fully diluted share, up significantly from $6.3 million, or $0.23 per fully diluted share during the corresponding period one year earlier.…

FridayOct 03, 2008 1:26 pm

China Marine Food Group Ltd. (CMFO) Authorizes $3M Stock Repurchase through Early 2010

The board of directors for China Marine Food Group Ltd. (OTCBB: CMFO) announced on Oct. 1 that the company has set up a $3-million stock repurchasing program through March 31, 2010. The amount and timing of specific repurchases are subject to market conditions, legal requirements and other factors deemed appropriate by the CEO and president, Pengfei Liu. Any repurchased shares will be retired to reduce the number of outstanding common stock, currently at 23 million shares. “Repurchases may be in open-market transactions or through privately negotiated transactions, and the repurchase program may be expanded by the board of directors in…

FridayOct 03, 2008 1:25 pm

Micromet, Inc (MITI) Closes On $40M from Biotechnology Investors

Micromet, Inc. (MITI) announced they successfully raised $40M this week in private placement financing for research and development. The company, which develops antibodies for cancer treatments, publicized the transaction Sept. 30 and closed Oct. 2. Those who invested include Index Ventures Growth, Abingworth, DAFNA Capital Management, LLC, and Merlin Nexus. Micromet board members and affiliates also participated. "We are very pleased to have completed this financing under these challenging market conditions,” said Micromet's President and CEO Christian Itin, “and we were gratified by the strong support of Micromet and the significant interest of the investors in this private placement. The…

FridayOct 03, 2008 1:16 pm

Trans Energy, Inc. (TENG.OB) Announces the Drilling of Their First Horizontal Well in Marcellus Shale

Trans Energy, Inc. today announced that it has commenced the drilling of the Anderson #7H well in Wetzel County, West Virginia. The well will be drilled and completed horizontally in Marcellus Shale, a prolific “resource play” in Appalachia. According to the press release, the property is similar to the Barnett Shale which has become a significant base of hydrocarbon reserves in Texas. Trans Energy intends to drill the vertical portion of the new well to a depth above the kick-off point and set casing. Later, a larger rig will continue drilling the horizontal portion at approximately 7,000 feet below the…

FridayOct 03, 2008 1:06 pm

Gilla Inc. (GLLA.OB) Signs Definitive Agreement to Acquire Terra Merchant Resources Corporation

Today, after the bell, Gilla announced that it entered into a definitive agreement to acquire all the shares of Terra Merchant Resources Corporation ("Terra"), a private company incorporated in Canada. According to the press release, Terra has secured rights to a gold exploration property in Angola. The concession is located about 120 km north of Cabinda City, Angola and covers approximately 200 square kilometers. As terms of the agreement, Terra shareholders will receive 1 share of Gilla common stock as well as one warrant for one half of one Gilla common stock exercisable for 6 months at $0.60 per common…

FridayOct 03, 2008 12:28 pm

Jobs Continue to Disappear

Figures for September's job losses were in on Friday, nearly doubling the amount of jobs cut in August. 159,000 Americans were handed a pink slip last month, marking the ninth straight month of losses which are increasing at their fastest rate in five years. It was also indicated in Friday's Labor Department report, that the total number of unemployed has now reached 9.5 million; that's 2.2 million people who are newly unemployed this year. Let us hear your thoughts below:

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