Blog - Page 4218 of 5575

TuesdayNov 11, 2008 8:33 am

Tri-Star Holdings, Inc. (TSHL.PK) Signs Definitive Agreements to Acquire Mineral Rights

During late morning trading, Tri-Star Holdings announced the execution of definitive agreements to acquire 80% of the mineral rights to the Wickenburg gold placer mining claim owned by Rusty Murphy. This 25-acre placer property located on the Hassayampa River is located in an area that was mined by a foreign group in the late 1980s. It has been estimated that 2 million to 3 million cubic yards of placer exists. Scott Spooner, Tri-Star Chief Geologist, targeted and negotiated the deal. He stated that Azrock Mining began surveying the property early today. The company anticipates receiving updated sample information from the…

TuesdayNov 11, 2008 8:07 am

Bald Eagle Energy, Inc. (BEEI.OB) Appoints New CEO to Lead Future Growth

Bald Eagle Energy announced today that Andrew S. Harper has been named the company’s Chief Executive Officer (CEO). Mr. Harper replaced acting CEO Alvaro Vollmers who remains as the company’s Chief Financial Officer (CFO). Andrew Harper brings extensive experience to Bald Eagle Energy as he brings nearly three decades of international oil and gas exploration and development expertise. Alvaro Vollmers, Bald Eagle's CFO, stated, "We are pleased to have Mr. Harper come on board Bald Eagle. His recent experience allowed him to seek and evaluate new US and international venture opportunities, while applying the knowledge he acquired over his broad…

TuesdayNov 11, 2008 7:02 am

MyECheck Inc. (MYEC.OB) Announces SunSetter Products as a New Client

Today, MyECheck announced that SunSetter Products has signed on as a client and will be provided with the company’s comprehensive suite of electronic check processing services. Through this agreement, Sunsetter customers will now be able to use their online checking accounts to pay for goods. Sunsetter benefits from decreased ‘per transaction’ fees as well as the ability to accept payments from more customers. SunSetter Products is the renowned manufacturer of SunSetter Retractable Awnings. Johathan Hershberg, President of SunSetter, stated, "We are very pleased to add MyECheck as a payment option for our customers to pay through our call center or…

TuesdayNov 11, 2008 6:54 am

EV Transportation, Inc. (EVTP.OB) Subsidiary Announces Delivery of New Fleet

Today before the bell, EV Transportation announced that its subsidiary, EV Rental Cars, LLC, is taking delivery of the new 2008 Toyota hybrids. Toyota has taken the charge of becoming a leader in the Hybrid category and has plans to boost production to 480,000 units per year, a 70% increase. Commenting on the delivery, Bill Plamondon, Chairman and CEO of EV Transportation, Inc., stated, “As part of our restructuring, we are defleeting our older cars and are bringing in new Toyota hybrids. We will continue to bring in new cars over the next six to nine months.” The Toyota Pirus…

MondayNov 10, 2008 7:29 pm

NUCRYST Pharmaceuticals Corp. (NCST) Receives Health Canada Approval of Acticoat™ Flex Barrier Dressing

NUCRYST Pharmaceuticals Corp. (NASD: NCST), a developer and manufacturer of medical products that fight infection and inflammation and the Advanced Wound Management division of Smith & Nephew, PLC, recently announced that Health Canada granted marketing approval for Acticoat™ Flex barrier dressing for wounds that require up to seven days of sustained antimicrobial activity. Acticoat™ Flex simplifies the dressing of wounds with its unique elastic design that easily contours to surfaces, including difficult-to-protect regions, such as knee or elbow joints. Acticoat™ Flex is a new barrier dressing product that is coated with the company’s patented SILCRYST™ nanocrystalline silver technology. Acticoat dressings…

MondayNov 10, 2008 3:51 pm

November 10th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: CNLG, CVM, ENZ, GISV, GNBT, HYTM, ICLK, LPHC, MBND, PLKH, SRRY, TSX: SEE, TAGS, TKO, VYTR, XCR During a historic week as U.S. voters elected the first minority President in the country's history, the markets made their own history of a much more dubious sort, as the Dow experienced the largest two-day decline since the index's inception. Overall, there were few places to hide last week as the market aggressively sold off following the election. The Dow lost 381 points for the week, extending its annual loss to 32.6%. The Nasdaq…

MondayNov 10, 2008 1:03 pm

Puda Coal, Inc. (PUDC.OB) Posts Solid Third-Quarter Numbers

Puda Coal, Inc. (PUDC.OB), a high grade metallurgical coking coal supplier in China, reported its 3rd quarter financial results today and the numbers are strong. Revenue hit $74.1 million, an 82% increase over third-quarter 2007’s revenues. Operating income came in at $9.0 million, while net income reached $6.5 million. Sales of cleaned coal increased 22.6% from the same period last year to 603,000 metric tons. Puda was able to increase prices to $123 per metric ton. Puda has launched its website, www.pudacoalinc.com , and will present investor road shows in the United States as well as appearing at the annual…

MondayNov 10, 2008 12:55 pm

Early-Morning Gains Pared – Stocks Turn Downward

Wall Street rallied early on Monday amid talk of a $586 billion Chinese stimulus package, however, optimism diminished over the course of the afternoon sending stocks lower. After spiking 215 points, the Dow reversed course and fell more than 150 points by late afternoon. Investor confidence continues to suffer as the markets continue to exhibit wholly-unreliable qualities. Other indices also experienced trouble on the day. Let us hear your thoughts below:

MondayNov 10, 2008 12:54 pm

AIG: Recipient of Largest-Ever Private Company Bailout

As was foreseen by experts last week, a restructuring of the government aid package provided for American International Group, Inc. was enacted today as it became apparent that the felled insurance giant would be unable to rise to the terms of the original $85 billion provided by the federal government. Citing the company's interconnectedness with the overall well-being of the economy, the Fed approved additional aid which brings the total to more than $150 billion. Let us hear your thoughts below:

MondayNov 10, 2008 12:54 pm

Circuit City Stores Inc. (CC) Files for Chapter 11 Protection

The second-largest electronics retailer in America filed for bankruptcy today. Circuit City Stores, Inc., facing threats of refused delivery from vendors for the approaching holiday season, made the decision to file for Chapter 11 in an attempt to buy itself some time to develop a plan for restructuring. According to acting president and CEO, James Marcum, the action "should provide us with the opportunity to strengthen our balance sheet, create a more efficient expense structure and ultimately position the company to compete more effectively." Before being halted on Monday, shares of the company decreased in value by over fifty percent.…

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