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ThursdayOct 23, 2008 11:03 am

Help for Homeowners – New Foreclosure Prevention Plan

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., told the Senate Banking Committee that her agency and the Treasury Department are working closely to find ways to prevent avoidable foreclosures. The plan would use the Treasury Secretary's new authority under the Emergency Economic Stabilization Act to provide guarantees to mortgage lenders. Bair worked with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke in crafting the financial rescue law. "Now that the administration has taken strong measures to stabilize financial institutions, it is imperative that we apply the same sharp and urgent focus to help the individual homeowners…

ThursdayOct 23, 2008 11:02 am

Voyager Petroleum, Inc. (VYGO.OB) – Can Oil be Environmentally Friendly?

The United States generates approximately 1.4 billion gallons of recoverable used oil every year according to America's Choice, the website of Safety-Kleen, a major United States re-refinery. Voyager Petroleum aims to capitalize on the growing demand for generic lubricants along with a desire for so-called green products by re-refining, or recycling, motor oil and other lubricants. The company sees this process as not only cost-effective but also eco-friendly – a win-win situation for both investors and customers. Re-refining oil uses one-third of the energy of refining crude oil. In fact, one gallon of used oil can make 2.5 quarters of…

ThursdayOct 23, 2008 10:58 am

Kensey Nash Corporation (KNSY) Reports 1st Qtr Results; Sales of Biomaterials Increases 25%

Kensey Nash Corporation is a medical device company known for providing innovative product development and advanced technology for a wide range of medical procedures. Their expertise in the design, development, manufacture and processing of resorbable biomaterials for medical applications. Biomaterials are substances that treat, augment, or replace tissue, organs or body functions and are used regularly as components and elements in a wide variety of resorbable or permanent implants. These include cartilage regeneration, small diameter arterial substitution, tissue reinforcement and repair and controlled release drug delivery. To give an overview of the 1st Qtr numbers, here is a brief summery.…

ThursdayOct 23, 2008 10:55 am

Ireland Inc. (IRLD.OB) Announces Start of Operations in Tonopah Nevada

In the American Southwest, Ireland Inc. is hoping to strike gold. In early 2008, Ireland completed the acquisition of the Columbus Project, located near Tonopah, NV, and has a right to acquire an additional 23,000 acres of mineral claims adjacent to the Columbus Project. These two projects are focused on the extraction of precious and base metals. The company has been concentrating their efforts on the Columbus Project for a while now, and it seems that their efforts were not in vain. Before they can successfully mine the project, a pre-feasibility study must be conducted. Today, they opened the pilot…

ThursdayOct 23, 2008 10:53 am

Sona Mobile Holdings Corp. (SNMB.OB) Launches mWagerTM Mobile Wagering with New York Racing Association

Sona Mobile Holdings Corporation (SNMB.OB), a leading provider of secure software solutions for gaming and entertainment applications, today announced the launch of their first live mWagerTM mobile gaming application with the New York Racing Association (NYRA), one of the most powerful racetrack operators in the thoroughbred business. NYRA operates the three biggest thoroughbred racetracks in New York, Belmont, Saratoga, and Aqueduct, and processed more than $1 billion in wagers last year. Sona Mobile’s new mWager platform represents a major advance in bringing track wagering to mobile devices. Although the company’s current Sona Gaming SystemTM (SGS) product provides both wired and…

ThursdayOct 23, 2008 10:50 am

SpaceDev (SPDV) To Be Acquired By Sierra Nevada Corporation

SpaceDev, Inc. (SPDV.OB), an emerging space technology company based in California, has received a takeover bid, approved by SpaceDev Board of Directors, from Sierra Nevada Corporation, a privately held provider of high technology electronics, avionics, and communications systems. The announcement was made by Sierra Board Chairman Eren Ozmen. Sierra plans to acquire the outstanding equity of SpaceDev for $38 million, resulting in a net share price offering of approximately 70¢, a premium of between 42% and 50% based upon SpaceDev’s closing share price over the past 30 trading days. The plan will be formally presented to SpaceDev stockholders for a…

ThursdayOct 23, 2008 10:48 am

MyECheck, Inc. (MYEC.OB) Provides Better Processing over Traditional Services

MyECheck, Inc. (MYEC.OB), with headquarters in El Dorado Hills, California, has become a leader in providing an alternative payment solution for merchants and online retailers. While other solutions are based upon automated clearing house (ACH) transactions, MyECheck works on an entirely different system that enables it to surpass ACH in every aspect of processing. One important advantage is that MyECheck has access a broader range of financial institutions. While ACH transactions are not able to debit funds at all small banks, S&Ls, brokerage accounts, credit card check accounts, or credit unions, the MyECheck system is able to debit any US…

ThursdayOct 23, 2008 9:05 am

QuoteMedia, Inc. (QMCI.OB): Broad Market Coverage on a Manageable Scale

QuoteMedia's market coverage is absolutely expansive; the activities of every major North American exchange and ECN is meticulously monitored and documented. All this data can then be retrieved by any one of the platform's users. QuoteMedia provides up-to-the-minute info on common and preferred stocks, options, futures, commodities, currencies, warrants, mutual funds, UITs/ETFs, rates, and indices. Perhaps just as importantly, customers can also browse comprehensive archives of historical data in these areas. Along with superior quote coverage, QuoteMedia offers easy access to news and filing information. Users can customize news feeds to specifically meet their own requirements; whether it be sector…

ThursdayOct 23, 2008 9:03 am

Unemployment Claims Continue to Rise

Last week's numbers for jobless claims were up by 15,000 to a more-than-expected total of 478,000. Unemployment levels above 400,000 have traditionally been considered a sign of recession. Several large corporations have been announcing heavy job cuts and reductions in hiring, and according to former Fed chairman Alan Greenspan, the job market is only going to get worse. "Given the financial damage to date, I cannot see how we can avoid a significant rise in layoffs and unemployment," he said Thursday. If Greenspan is correct, it could mean more bad news for an already floundering economy. Let us hear your…

ThursdayOct 23, 2008 9:02 am

$50 Oil in the Cards?

Back on July 18th, when many people thought oil prices would continue their meteoric rise, Scott Bleier, president of CreateCapital.com, said: "The commodity trade is over...oil is going to $100 per barrel." As it turns out, Mr. Bleier understated himself. Today, he predicts that by the beginning of 2009, we are going to see fifty dollar oil. Prices on Thursday rose above $67 a barrel as investors prepared for an OPEC production cut. Let us hear your thoughts below:

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