Blog - Page 4316 of 5585

FridayOct 10, 2008 11:15 am

Empire Energy Corporation (EEGC.OB) International Received Tasmanian Government Approval to Continue Thunderbolt #1 Site Preparation and Top Hole Drilling

Empire Energy Corporation operates in Tasmania's central and northern basins, becoming a leading low-cost finder of hydrocarbons. Today’s announcement by the state government of Tasmania gives permission to prepare the lease for the Thunderbolt #1 site and to drill the top hole. Provided that the rig is inspected, approval has also been given to move the drill rig to Thunderbolt #1 on completion of the previous project, Bellevue #1. Expectations for the new area will solidify once the target depth of 400m at a hole size of 17.5 inches is completed. Seismic data from 2006 and 2007 show potentially large…

FridayOct 10, 2008 11:13 am

Neohydro Technologies Corp. (NHYT.OB) Appoints Dr. I.J. Wilk, Ph.D to head Company’s Green Initiatives

Dr. I.J. Wilk, Ph.D brings a total of 45 years of experience to the Neohydro Technologies team to act as Senior Scientist. Dr. Wilk is scheduled to head the company’s green initiatives by using high-voltage electrolysis to eliminate the spread of E coli and salmonella in a non-invasive manner for the food industry. By using high-voltage electrolysis, bacteria and viruses are killed without damaging the nutritional content of the food. Electrolysis can also be used to remove oxidative contaminates in water to eliminate environmental problems. Neohydro’s mobile water renewal units use electrolysis to break down salt an water molecules in…

FridayOct 10, 2008 11:03 am

Saks Inc. (SKS): Large Investor Adds to Position

Saks Inc. (SKS:NYSE) currently operates Saks Fifth Avenue, which consists of 53 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and Saks.com. The company also operates Club Libby Lu speciality stores. Saks, like most other retailers, has run into difficulties in the current economic downturn. The company's recent monthly sales figures are down. The downturn in fortunes for the company has pushed Saks' stock down quite a bit. The 52-week high was just above $23 a share. The stock has just recently touched its new 52-week low around 5 1/2 per share. One major investor seems to have confidence…

FridayOct 10, 2008 10:50 am

Stocks Slide Once Again

The ongoing credit crunch is making its presence felt on Wall Street this Friday. This afternoon's trading is showing heavy losses across the board, with all of the major indexes reflecting decreases of five percent or greater. If these numbers hold, it will mark the end of the worst week of decline in the history of the stock market. Despite much talk of a panic, and often gruesome numbers, the outlook is not totally bleak; a large amount of the perceived panic stems from irrational fear, and a herd mentality. Investors simply need to calm themselves. Let us hear your…

FridayOct 10, 2008 10:49 am

Wells/Wachovia Deal Receives Federal Clearance

Wells Fargo's $11.7 billion purchase of Wachovia Corp. got a green light from federal regulators on Friday, following a hard-fought battle with Citigroup, who backed away from the table on Thursday evening. While still subject to the approval of Wachovia shareholders, Wells Fargo expects the deal to be completed by the end of the fourth quarter. Let us hear your thoughts below:

FridayOct 10, 2008 10:48 am

Bush Attempts to Calm Fears

In a statement given Friday, President Bush said that he is confident in the rescue plan, but that it would need time to take effect. Even as stock markets experienced continued hardship, he stated: "We can solve this crisis and we will." The President went on to express hope that through a joint worldwide effort, stabilization could be achieved. He plans to meet with financial leaders from the U.S., Japan, Britain, Germany, France Italy and Canada this Saturday, in order to further coordinate global efforts. Let us hear your thoughts below:

FridayOct 10, 2008 10:47 am

QuoteMedia, Inc. (QMCI.OB)’s DataFeed: An Invaluable Investment Tool

When it comes to keeping investors up-to-speed with the often overwhelmingly fast-paced world of finance, QuoteMedia is one of the best. The company's comprehensive, intuitive, and completely scalable DataFeed technology offers clients the ability to quickly obtain the vital information needed to stay ahead of the curve. QuoteMedia DataFeed solutions provide top-quality data, with the lowest latency available today; effectively connecting investors to the most pertinent and accurate investing information at the critical times. The company collects, standardizes, and delivers data through three main interconnected ticker plants, strategically located in British Columbia, Texas, and New York. With multiple direct connections…

FridayOct 10, 2008 9:47 am

API Nanotronics Corp (APIA.OB) Reports Record Revenues

API Nanotronics Corp (APIA.OB), formed to develop the next generation of nanotechnology based products, today announced record first quarter revenues of $7.9 million, an 11% increase over the previous year’s first quarter revenues. Gross profits for the quarter increased by 5% over the previous year’s first quarter, as API began to restructure operations and transfer select manufacturing to China. API continues to implement cost-saving consolidation, while investing in the research and development of nanotechnology. The company’s balance sheet remains strong, showing $4.2 million in cash and marketable securities, along with $100,000 in long-term debt. Stephen B. Pudles, API’s CEO, said,…

FridayOct 10, 2008 9:45 am

eLandia International, Inc. (ELAN) To Repurchase Over 1 Million Shares

eLandia International, Inc. (ELAN.OB), a Florida based information and communications technology company, has announced plans to repurchase up to 3% of the company’s outstanding common stock, representing some 1,200,000 shares. The company’s strong cash position (approximately $52 million) and current low share price helped prompt the decision by the board of directors. Pete Pizarro, Chairman and CEO of eLandia, provided further insight into the move, as well as on the company’s direction, “It reflects the confidence that the board and the management have in eLandia as we continue to fulfill our strategic priority of satisfying the growing demand for Information…

FridayOct 10, 2008 7:22 am

MyECheck, Inc. (MYEC.OB) System Reduces Retailer’s Risk and Keeps Incoming Cash Flowing

MyECheck, Inc. (MYEC.OB), a leading electronic transaction processor, utilizes a proprietary and patented system that can be utilized by both storefronts and ecommerce sites. The company’s remotely created checks (RCC) image service is the world’s first Check 21 solution created to process electronic payments. The MyECheck system is actually classified under a different set of rules than traditional ACH transactions. MyECheck is governed under Check 21 law and Uniform Commercial Code (UCC state law), which are more favorable to retailers especially when charge-backs are involved. RCC images can be created and processed through a number of methods. First, clients can…

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