Blog - Page 4183 of 5436

WednesdayOct 01, 2008 5:32 pm

Norsat International, Inc. (NSATF.OB) Gets $1.2M in Department of Defense Satellite Systems Contracts

A subsidiary of Norsat International, Inc. (OTCBB: NSATF) has been awarded United States Department of Defense contracts totaling $1.2 million for its satellite systems technology. The contracts are short-term and Norsat is expected to fill them in the company’s fourth quarter. “This is our third recent announcement of significant new business with the U.S. DOD," said Dr. Amiee Chan, Norsat President and CEO. "We believe these successive contract wins are evidence of the growth momentum in the ground satellite systems industry. We will continue working to grow our suite of technology and associated services to capitalize on the market opportunity…

WednesdayOct 01, 2008 12:51 pm

China INSOnline Corp. (CHIO) is “One to Watch”

China INSOnline Corp. (CHIO) is an Internet service and media company focusing on the Peoples Republic of China insurance industry. Trading on the NASDAQ Capital Market, with a current market capitalization of $148.00 million, the company uses localized websites targeting greater China. They provide, through Soobao, a network portal through their industry website www.soobao.cn. They offer online automobile, property and life insurance services through this site. Soobao's goal is to raise the national insurance consciousness and reduce the cost of national security in China. They do this by constructing and maintaining their network to integrate and optimize business flow throughout…

WednesdayOct 01, 2008 11:47 am

Superlattice Power, Inc. (SLAT.OB) Looks to Partner with Major US Company; Share Prices Spike Over 29%

In order to achieve advanced development of its lithium ion battery technology, which will contain partially lithiated anode and cathode technology, Superlattice Power, Inc. (OTCBB: SLAT) is working towards partnering with a major United States company. This partnership has the potential to bring an increase in revenue and add new shareholders to the company. As a result of the news, Superlattice was one of many companies pleased to watch their share price jump. The share prices increased from Monday’s close of $0.81 to $1.05, on 36,485 traded shares. The price jump resulted in a 29.63% gain. In today's market, fully…

WednesdayOct 01, 2008 11:02 am

Elray Resources Inc. (ELRA.OB) Announces Significant Finds on Mexico Mineral Property

Elray Resources Inc. (OTCBB: ELRA) is a precious mineral exploration company with a portfolio of four highly prospective, heavily mineralized mining tenements in Cambodia and Mexico. The company today announced positive news on one of its properties south of the border. Elray found the presence of a million-tonne gold bearing outcrop in the Analhi Project, located in Sinola state, Mexico. The site is known to be heavily mineralized, and is ideally located within seven miles of water and power supplies. According to the company, these resources significantly contribute to the viability of the project. The company’s stated mission is to…

WednesdayOct 01, 2008 9:42 am

ZAP (ZAAP) Increases Workforce as Electric Car Sales Accelerate

ZAP (ZAAP.OB), a California-based alternative energy pioneer, has had to increase its workforce by 30% to keep up with increased demand for its Xebra (pronounced “zebra”) electric car. ZAP overall sales have jumped 88%, due primarily to sales of the small but street-legal all-electric vehicle, available in sedan and truck versions. "While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth," said CEO Steve Schneider. "We are proud that ZAP is one of the few companies selling cost-effective, plug-in transportation today." He added that ZAP is launching new electric vehicles this quarter. ZAP…

WednesdayOct 01, 2008 9:38 am

Advanced Life Sciences, Inc. (ADLS) Submits Lead Drug as New Treatment for Pneumonia

Advanced Life Sciences, Inc. (NASDAQ:ADLS), an Illinois based biopharmaceutical company, today announced submission of a new drug application (NDA) for its lead product, cethromycin, a unique once-a-day antibiotic for respiratory tract infections. The NDA submission is for cethromycin in mild-to-moderate community-acquired pneumonia (CAP). Community-acquired pneumonia is the sixth most common cause of death in the U.S., affecting 5.6 million Americans annually. The company is focusing its resources on the development and commercialization of cethromycin for use in respiratory tract infections such as community-acquired pneumonia, bronchitis, and sinusitis. Penicillins and macrolides are currently the most common treatment for CAP, but increasing…

WednesdayOct 01, 2008 9:33 am

NewCardio, Inc. (NWCI.OB) – Revolutionizing the Electrocardiograph

NewCardio, Inc., through its patent-pending, innovative technology, is poised to transform the landscape of electrocardiography (ECG). The company has developed, and is currently working to commercialize, a three-dimensional ECG platform that stands to seriously improve upon traditional methods. In addition to a dramatic increase in diagnostic accuracy, the NewCardio 3D ECG works faster, and with greater cost-effectiveness than the standard 12 lead ECG. NewCardio's advanced systems aid not only in the diagnosis of heart disorders, but also in clinical pharmaceutical trials with respect to the evaluation of a drug's potential cardiac toxicity. This should allow the company to become a…

WednesdayOct 01, 2008 9:33 am

Stocks Fall Again – Economy Continues to Slow

In its second reversal, and third triple-digit jump this week, the Dow fell as much as 200 points on Wednesday, as investors anticipated a possible passing of the $700B bailout through the Senate. Other factors played into the dive as well, including the Institute for Supply Management's announcement that its manufacturing activity index had fallen six points over the last month. Wall Street had predicted a drop of less than half-a-point, but in truth, few were surprised to see a more significant decrease as a result of the country's credit markets coming to a screeching halt. Let us hear your…

WednesdayOct 01, 2008 9:32 am

Help on the Way for Troubled Homeowners?

In an effort to quell the massive uproars in the nation's beleaguered housing market, Washington announced on Wednesday that it would be kicking off a mortgage aid program to help in reducing the ever-growing numbers of foreclosures. Under the new program, homeowners who spend greater than thirty-one percent of their income on mortgage payments will be eligible to exchange their existing mortgage loans for more affordable ones. Let us hear your thoughts below:

WednesdayOct 01, 2008 9:32 am

Gas Supplies Up – Oil Down

Proof that Americans are driving less came on Wednesday in the form of an unexpected rise in U.S. oil and gas supplies. The surplus, as well as anxieties over the status of the $700B bailout package, led to the price of oil falling below $98 per barrel. The price of light sweet crude for November delivery fell as low as $95.95 in morning trading. In addition to a battered economy forcing people to drive less, supplies have been boosted by the normalizing of Gulf Coast energy operations after shutdowns caused by a crippling hurricane season. Many experts believe that demand…

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