Blog - Page 4316 of 5762

ThursdayMar 12, 2009 12:29 pm

Doing Fine in ’09?

Although 75% of Americans surveyed in the first quarter of 2008 thought the economic situation was “poor” at the time, 60% thought economic conditions in 2009 would be “good.” Considering the market volatility over the past few months, will we see an improvement in 2009 economic conditions? What will this situation mean for you and your money? Housing The housing sector has taken a significant tumble recently. Although some economists forecast another year of falling home prices, the decline is projected to be less than half that of 2008. Former Federal Reserve Chairman Alan Greenspan speculated that home prices may…

ThursdayMar 12, 2009 11:43 am

UpLift Nutrition Inc. (UPNT.OB) Launches New Marketing Plan and Website; Consumers Get a Free Taste of Vitamin-Packed Health Drink

UpLift Nutrition Inc. (UPNT.OB) is a development stage company and developer of natural energy and health drink Active UpLift, which comes in powder form to be mixed with water. The company markets the product through retail distributors, specialty health food outlets, and online. UpLift today announced it will boost its Internet marketing with a “Try it Free” campaign. The new campaign will allow consumers to try Active UpLift through a request on its Web site – the consumer is only responsible for the shipping and handling charges. In the press release, the company said marketing tactics such as this one…

ThursdayMar 12, 2009 9:53 am

GTX Corp (GTXO.OB) Retains Alteon Capital Partners to Formalize Global Expansion Strategy

After years of planning and development, GTX Corp (GTXO.OB), a company that has created miniaturized GPS tracking and cellular location-transmitting technology platforms, is now in a position to get products into the hands of consumers. GTX has created 2-way Global Positioning Systems (GPS) and Position Location Systems (PLS) that can be applied to customized products. The company recently announced that Alteon Capital Partners has been retained to advise GTX in the launch of its products. With the addition of Alteon Capital Partners, GTX continues to follow its strategy to build a team of premier strategic advisors. Alteon specializes in advising…

ThursdayMar 12, 2009 9:22 am

Nexia Holdings, Inc. (NXHD.OB) Gearing Up For National Expansion

Nexia Holdings (NXHD.OB), a diversified holdings company, is gearing up for major growth over the next 3 years, with the acquisition of more commercial properties and the opening of 30 additional salons. Since the company currently has only two salons, it represents a significant expansion. The company’s Utah-based operations target the health, beauty, and fashion markets, as well as real estate. Along with two salons, Nexia owns one retail store, plus an online store, and three commercial properties. Fueled by past success, they now plan to take their idea and go national. Their strategy is conservative, based on a realistic…

ThursdayMar 12, 2009 7:35 am

Emirates Capital of Dubai Agree to Finance Axial Vector Energy Corp.’s (AXVC.PK) New Joint Venture with Petrosonics

Axial Vector Energy Corporation announced today that Emirates International Capital Advisory (EICA) will be financing the recently announced Joint Venture between Petrosonics LLC and AVEC called PETRO AVEC. The $7 million dollars of debt financing provided by Emirates Capital will be secured against AVEC's ownership interest in the JV. EICA will be entitled to full repayment of its contribution from license fees received by the JV and will also have a five percent overriding royalty of per barrel income to the JV. AVEC also announced in the press release that it is restructuring its credit agreement with EICA, which was…

ThursdayMar 12, 2009 6:57 am

Silver Wheaton Corp. (SLW) to Acquire Silverstone Resources (TSX: SST)

Silver Wheaton Corporation announced that they have entered into a definitive agreement pursuant to which Silver Wheaton will acquire all of the outstanding common shares of Silverstone in exchange for 0.185 common shares of Silver Wheaton for each common share of Silverstone Resources. In analyzing the specifics of this agreement, we see that based on the 20-day volume-weighted average of Silver Wheaton's common shares of C$8.58, the transaction value per Silverstone common share is C$1.59, and the total transaction value is approximately C$206 million. This represents a premium of 40% based on the 20-day volume-weighted average of both companies' common…

ThursdayMar 12, 2009 6:06 am

We Know Where You Are

If the above headline sounds a bit spooky, be prepared for things to get a lot spookier in the coming years – but also a lot more useful, valuable and fun. That’s because electronic technology has once again taken a turn that could, like the cell phone, affect much of your waking life, either directly or indirectly. What we’re talking about is the technology, now available to anybody, to track (and record) the location and travels of just about anyone, including, in some cases, people who don’t even know they’re being tracked. This particular branch of the rapidly growing GPS/cellular…

ThursdayMar 12, 2009 6:03 am

Points International Ltd. (PTSEF.OB) Recognizes Record Fourth Quarter and 2008 Financial Results

Points International Ltd., a leading loyalty reward solutions provider and owner of the Points.com portal, announced record fourth quarter and full year results. For the fourth quarter, total revenue was a record $21.7 million. Total revenue for the full year of 2008 was $75.6 million, an impressive 149% increase compared to the twelve months ended December 31, 2007. "Points delivered a record 2008 more than doubling our revenues over the prior year, expanding EBITDA and posting robust transaction growth," stated CEO Rob MacLean. "Our ability to accelerate growth and improve the bottom-line despite weakness in travel and the global economy…

ThursdayMar 12, 2009 5:48 am

Precision Petroleum Corp. (PPTO.OB) Engages Ramsey Engineering to Conduct Engineering Study

Late last month, Precision Petroleum Corp. announced the conclusion of an agreement to explore 10 leases in the State of Montana. To proceed with this program, the company has retained Ramsey Engineering, a petroleum engineering firm in Oklahoma City, to conduct an engineering survey to identify and advice on a possible seismic project as well as provide input on the optimal drilling locations. Precision Petroleum anticipates conclusion of the study within 60 days. Richard Porterfield, Petroleum Geologist and President of Precision, noted the importance of the survey as it will enable the company to proceed with minimum risk and to…

ThursdayMar 12, 2009 5:38 am

Double Eagle Petroleum Co. (DBLE) Announces Record 2008 Results

Double Eagle Petroleum Co. today reported record financial results for the full-year 2008. Net income attributable to common shareholders totaled $6,658,000, or $0.73 per diluted share, as compared to a net loss of $(13,413,000), or $(1.47) per share, for 2007. The company noted that the net income attributable to common stock in 2008 included an unrealized gain of $2,631,000 relating to economic hedges, which is recorded at fair value at each period end. Total revenues for 2008 increased a stunning 188% to $49,578,000, compared with 2007’s numbers. Production-related revenue increased 175% to $46,635,000. This increase in production revenue was driven…

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