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ThursdayOct 22, 2009 9:18 am

Bayswater Uranium Corp. (TSX-V: BAY) to Acquire Reno Creek Project

The Canadian Company Bayswater Uranium Corporation (OTC: BYSWF) made a major announcement today that it has signed a Formal Purchase Agreement with Strathmore Resources and American Uranium Corporation to acquire 100% interest in the Reno Creek Uranium Project in Wyoming and its holding company AUC LLC. Bayswater is an up-and-coming international and uranium exploration and development company which own several advanced uranium properties in the United States. Perhaps even more impressive is that Bayswater is the only uranium company to have major landholdings in each of Canada’s most important producing and exploration regions. As for the execution of the agreement,…

ThursdayOct 22, 2009 8:08 am

Advanced Visual Systems, Inc. (AVSC.PK) Announces Plans to Spin Off New Technology for Monitoring Enterprise Networks

Advanced Visual Systems Inc., a data visualization software innovator, announced today that it will be spinning off a new technology for monitoring and managing Enterprise IT and revenue networks. The company is in discussion with several potential partners and anticipates the debut of the spin off before year-end. The new entity, in which AVS will hold a significant stake, will be known as VizStar. The spinoff will develop comprehensive solutions for Enterprise use with AVS's well-established OpenViz technology which has been widely applied in the fields of business intelligence, customer analytics and risk management and is highly suited to visualize…

ThursdayOct 22, 2009 7:33 am

eBay, Inc. (EBAY) Net Income Decreases as Revenue Increases

eBay Inc. reported that its net income was down 29 percent on a year-over-year basis with revenues up significantly. EBay’s core marketplace business, such as the eBay site, Shopping.com and others, saw revenue dip 1 percent to $1.4 billion. Companywide Revenues increased 6 percent to $2.24 billion. The company cited a combination of main site activity, foreign exchange differences and a continued soft consumer market as recent factors in the company’s financial results. eBay said that the number of active users on its core marketplace rose 2 percent to 89.2 million which demonstrated that it continues to attract merchants and…

ThursdayOct 22, 2009 7:27 am

FuelCell Energy Inc. (FCEL) Announces California Legislation to Extend Green Energy Incentives through 2015

FuelCell Energy Inc. is a global leader in the development and production of stationary fuel cells with established partnerships with major power plant developers and power companies around the world. The company recently announced that California Governor Arnold Schwarzenegger signed legislation set to promote continued development and use of alternative energy technologies through 2015; in response, FuelCell said it expects the legislation to boost demand for its fuel-cell products. Governor Schwarzenegger signed an extension to the Self-Generation Incentive (SGIP) program to extend funding for various clean energy technologies, including FuelCell’s ultra-clean stationary fuel cell power plants. Since its inception in…

WednesdayOct 21, 2009 12:19 pm

Satcon Technology Corp. (SATC) Announces Fully Operation PV Inverters

Satcon Technology Corp., a leading provider of power solutions for the renewable energy market, has announced that the company's PowerGate Plus 500 kW solar PV inverters are fully operational at First Light in Canada. First light is Canada's largest solar farm and was developed through a joint venture between SunEdison and SkyPower. The first installation included the implementation of PowerGate Plus throughout 90 acres of land in Stone Mills, Ontario. This project is expected to generate more than 10 million kilowatt hours (kWhs), enough electricity to power almost 1,000 homes in its first year of operation. Under the terms of…

WednesdayOct 21, 2009 12:18 pm

Adept Technology, Inc. (ADEP) Partners with Isthmus to Demo New Cell Handling Robotics at Solar Power International Show

Adept Technology, Inc. and Isthmus Engineering have partnered for the exhibition of a new robotic system designed to handle solar cells at this year’s Solar Power International 2009 (SPI 2009) show in Anaheim, California. This new system will utilize Adept’s tried-and-tested Quattro(TM) s650 robot. This unit has a threshold response time faster than anything else in the industry and is suitable for a wide range of applications including clean-room operation. What differentiates this new system, however, is the unique application of Adept's fully integrated Automation Control Environment (ACE), using the outstanding AdeptSight 3.0 software suite for inspection and guidance. This…

WednesdayOct 21, 2009 12:14 pm

Novavax, Inc. (NVAX) and Xcellerex Collaborate on Manufacturing Process for H1N1 Flu Vaccine

Novavax Inc. and Xcellerex Inc. announced today they have entered into a strategic collaboration to accelerate the development of Novavax's vaccine manufacturing process to commercial scale. The companies will begin immediate production of Novavex's novel 2009 H1N1 influenza vaccine for potential commercial sale. Xcellerex will provide their development expertise and product manufacturing in exchange for manufacturing supply fees from Novavax. The two companies will utilize Novavax's unique virus-like particle (VLP) vaccine technology to produce initial commercial quantities of H1N1 vaccine. VLPs mimic the external structure of viruses but lack the live genetic material that causes viral replication and infection. VLPs…

WednesdayOct 21, 2009 9:43 am

Omnicity Corp. (OMCY.OB) Set To Triple Coverage

Omnicity Corp., known for bringing broadband communication service to underserved rural areas, has signed an agreement that will more than triple its coverage of marketable homes. The agreement is with leading international satellite Internet service provider StarBand Communications Inc., and allows Omnicity to offer StarBand satellite high speed Internet service coverage to areas throughout the U.S. not currently able to receive Omnicity’s wireless Internet or DSL services. The new service will be rebranded as Omnicity Satellite Internet Services, and means Omnicity will have a high speed Internet solution for virtually every household in its markets. The service will be available…

WednesdayOct 21, 2009 9:40 am

Pacific Premier Bancorp, Inc. (PPBI) Reports Small Loss in Third Quarter

Pacific Premier Bancorp, Inc. reported a net loss of $7,000, or $0.01 per share, in its third quarter ending 9/30/2009. The company earned $1 million, or $0.16 per share, in the same quarter last year. Pacific Premier Bancorp, Inc. attributed the loss to a $1.3 million increase in the provision for loan losses, and a $0.4 million other-than-temporary impairment charge on part of its securities holdings. The bank also saw a slight increase in insurance premiums payable to the Federal Deposit Insurance Corporation (FDIC). Pacific Premier Bancorp, Inc had total assets of $808 million and deposits of $567 million at…

WednesdayOct 21, 2009 9:22 am

Mountain West Business Solutions, Inc. (MWBN.OB) Announces Acquisition of Sunshine Biopharma

Mountain West Business Solutions, Inc. recently announced that the company has acquired Sunshine Biopharma, Inc. Based in Colorado, Sunshine Biopharma is a leading pharmaceutical company focused on the research, development and commercialization of drugs for the treatment of various forms of cancer. Mountain West Business Solutions intends to change its name to Sunshine Biopharma, Inc. to reflect the company’s new direction. In addition, Mountain West Business Solutions’ trading symbol will also be changed upon the name change taking effect. According to the terms of the deal, the acquisition was in exchange for the issuance of 21,962,000 shares of common stock…

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