Blog - Page 4218 of 5511

MondayOct 27, 2008 10:54 am

NexMed, Inc. (NEXM) Gets $3.5 Million from Novartis

NexMed, Inc., a New Jersey based pharmaceutical and medical technology company, will receive $3.5 million from Swiss pharmaceutical giant Novaris, for fulfilling patent and enrollment milestones as part of a product agreement originally signed in 2005. NexMed announced today that they have received a Notice of Allowance from the patent office for its patent application entitled “Antifungal Nail Coat and Method of Use”. A Notice of Allowance indicates that all the basic steps of a patent application process are completed. The patent is for a topical application of terbinafine formulated with NexACT® for the treatment of onychomycosis, a fungal infection…

MondayOct 27, 2008 10:51 am

Sharps Compliance Corp. (SCOM.OB) Announces Record Revenues

Sharps Compliance Corp. announced record revenues for the first quarter of fiscal 2009. Revenues jumped 26%, to $4.3 million, from the same quarter last year. Sharps also reported record customer billings of $4.7 million for the quarter, a 30% increase over the same period the year before. The increase in billings came partly from contracts and patent renewals with pharmaceutical manufacturers, which are expected to continue contributing to billings and revenue growth in fiscal 2009. In addition, customer billings to retail markets increased 23% as a result of strong flu-season demand for the Sharps Disposal By Mail Systems®. There were…

MondayOct 27, 2008 10:49 am

Treasury to Begin Dispersal of Rescue Funds

In an effort to increase America's credit-flow, the Treasury Department will begin to distribute $125 billion to nine of the country's largest banks this week. This marks the first wave of spending for the $700 billion economic stabilization package, and is designed to aid in shoring-up battered balance sheets in the hopes that normal lending will resume. Monday's session was a volatile one, though major indices were mostly up after 12pm edt. With so much happening all at once, it promises to be an action-packed week in finance to say the least. Let us hear your thoughts below:

MondayOct 27, 2008 10:48 am

Federal Reserve Entertaining Additional Rate Cuts

With the hardship being felt by the American people becoming ever more apparent, the Fed is now considering a cut in interest rates that would bring them to their lowest point in over four years. The move is being considered as a way to relieve some of the pressure caused by the nation's ongoing credit problem, and give consumers the confidence to resume spending. Many skeptics remain, however, noting that the measure may only have a minute effect, if any. A decision is likely to be made this week, with government release of a GDP report slated for Thursday. Let…

MondayOct 27, 2008 10:46 am

Oil Prices Down Despite OPEC Cuts

It seems investors have ignored Friday's oil production cuts as the price of light, sweet crude for December delivery slid roughly a dollar to $63.24 a barrel on the NYME on Monday. Commenting on the anomaly, was Darren Horowitz, analyst for Raymond James & Associates. When asked why OPEC's production cuts had seemingly little effect, he stated: "There are larger, long-term problems plaguing the market that a short-term production cut cannot overshadow, including softening demand, institutional unwinding and the credit crunch." It becomes increasingly feasible to imagine that the $50 oil predicted by some experts is not far-off on the…

MondayOct 27, 2008 10:45 am

Tri-Star Gold, Inc. – A Subsidiary of Tri-Star Holdings, Inc. (TSHL.PK)

Tri-Star Gold is a mineral exploration company engaged in the acquisition and development of both precious and noble metals. Through its resource properties in the states of Nevada, Arizona, and Idaho, the company has produced platinum, gold, silver, and copper. In addition to its existing claims, Tri-Star has plans for further acquisitions that will strengthen its portfolio. The first, and perhaps most prominent of Tri-Star's properties is known as the "Lucky Linda claim", a 160 acre gold mine located in Lincoln County, Nevada. Said to contain deposits of gold, silver, and platinum, the Lucky Linda claim is currently under analysis…

MondayOct 27, 2008 7:33 am

Energyconnect Inc. (ECNG.OB) Finds Balancing Electric Load Becomes Profitable and Environmentally Sound

One of the more pressing concerns facing the US over the coming years and decades is its electrical grid. The aging system was simply built in a different time to address different issues. While some are advocating for construction to remedy issues found in today’s electrical grid dilemma, others are finding market based approaches to deal with the issue. Finding a company that is addressing the electric grid issue today, with an innovative and forward thinking concept, is a solid way to capitalize and become environmentally “green” at the same time. Energyconnect Inc., an electric power management company, works with…

MondayOct 27, 2008 7:12 am

Redwood Consultants, LLC Retained by Axial Vector Energy Corp. (AXVC.PK) to Assist in Investor Relations and Strategic Planning

Today, Axial Vector Energy Corp. announced that it has retained Redwood Consultants, LLC, a full-service investor relations firm based in California, to assist in shareholder relations and investor communications. Redwood will also play a crucial role in the company’s strategic planning and implementation of its upcoming wind power generation business. Managing Director of Redwood Consultants, Jens Dalsgaard, stated, “Redwood is extremely pleased to resume its longstanding relationship with Axial Vector. Redwood's recent addition of Bill Gilliam as Senior Advisor will enable Axial Vector to benefit from Bill's 15 years of extensive merchant banking experience especially in the U.S. Independent Power…

MondayOct 27, 2008 5:27 am

Reed’s Inc. (REED) and Rosauers Supermarkets Partner Up for Sales

Before the bell this morning, Reed’s, Inc. announced that Rosauers Supermarkets signed an enhanced partnership with the company. Rosauers Supermarkets is a chain of 21 supermarkets focused on serving the Inland Pacific Northwest under the brands of Rosauers, Super 1 Foods, and Huckleberry's Natural Markets. All 21 supermarkets have committed to carry Reed’s ginger brews and Virgil’s All Natural Sodas alongside their wide variety of natural and organic products. "Rosauers Supermarkets has been an established and trusted natural foods supermarket chain within the Northwestern U.S. marketplace since its founding in 1936. We are very pleased to expand Reed's presence within…

MondayOct 27, 2008 5:20 am

The Fight Zone, Inc. (TFZI.PK) Announces the Availability of a New Report on the Mixed Martial Arts Industry

The Fight Zone Inc., a company focused on the development and promotion of Mixed Martial Arts (MMA) sports and its athletes on a global basis, announced today that Emerging Growth Research, LLP has published a research report highlighting investment opportunities within the rapidly growing market for mixed martial arts. The report covers specific reasons why MMA is one of the fastest growing sports worldwide as well as The Fight Zone’s potential within the industry. "MMA is grabbing the attention of young male teenagers before they are able to develop an interest in traditional 'stick and ball' sports. While the NBA…

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