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ThursdayJul 10, 2008 10:11 am

Emcore Corp. (EMKR) Announces Supply Agreements Totaling $29M

The sales announcement of 2 solar photovoltaic receivers is exciting for Emcore Corp., ensuring its growth in the photovoltaic segment of its business. The sale is important for Emcore, which did very well in 2006 with a net income of $54M. In 2007, cost of revenue went up, as did SG&A, leading to a net income loss of -$58M. This sale may be its return to profitability. Emcore Solar Photovoltaic technologies convert optical light into electrical energy, enabling power generation, while Emcore fiber optics technologies convert electrical energy into optical signals, enabling high-speed communication infrastructures. Emcore builds turnkey concentrator photovoltaic…

ThursdayJul 10, 2008 10:07 am

ULURU Inc. (ULU) to Acquire Bio Med Sciences, Inc for $10 Million

ULURU Inc. is an emerging specialty pharmaceutical company focused on the development of a portfolio of wound management, plastic surgery and oral care products to provide patients and consumers improved clinical outcomes through controlled delivery utilizing its innovative transmucosal delivery system and hydrogel nanoparticle aggregate technology. ULURU Inc. has developed a patented, water-erodable pharmaceutical carrier device. The multi-layered device is applied to mucosal surfaces, and delivers medications to treat specific localized diseases/disorders. This OraDisc™ technology can deliver drugs systemically across the mucosal surface or for the release of drugs into the oral cavity. The device causes minimum discomfort, is easy…

ThursdayJul 10, 2008 10:01 am

Westwood One, Inc. (WON) Closes Sale of Preferred Stock to Gores Radio Holdings, LLC

Westwood One, Inc. (WON) supplies radio and television stations with information services and programming. The company provides traffic reporting services and the nation’s largest radio network, producing and distributing national news, sports, talk, music and special event programs to its affiliate stations. The company’s main source of revenue is selling commercial airtime to advertisers through one of its two operating divisions: Metro/Shadow, which encompasses Metro Networks and Shadow Broadcast Services, and the Westwood One Network Division. Last month the company closed the sale of $75M of a newly created series of preferred stock, 7.05% Series A convertible preferred stock, to…

ThursdayJul 10, 2008 9:15 am

Schawk, Inc. (SGK) Establishes New Brand Identity; Rebrands its Direct Marketing Agency

Schawk, Inc. (SGK), established by Clarence Schawk, a former World War II U.S. marine, delivers a broad range of digital pre-media graphic services through 169 locations in 13 countries across North America, Europe, Asia and Australia. Schawk, headquartered in Des Plaines, Illinois, began in Chicago under the name of Schawk Litho Plate, and through numerous mergers and acquisitions with prepress firms in the Midwest, the company established a corporate name in the mid-1980s. Schawk designs, creates and manages image and text for reproduction to exact specifications for a variety of media, including packing for consumer products, point-of-sale displays and other…

ThursdayJul 10, 2008 8:30 am

SGX Pharmaceuticals, Inc. (SGXP) Submits FDA Investigational New Drug Application

SGX Pharmaceuticals is a biopharmaceutical company which focuses mainly on the development and commercialization of new oncological, or cancer therapies. Yesterday, the company announced its submission of an Investigational New Drug (IND) application for FDA approval. The drug is known as SGX393, and is currently undergoing clinical testing of its ability to treat two forms of CML, or, chronic myelogenous leukemia (a type of cancer in which white blood cells belonging to the myeloid line of cells are over-produced in the bone marrow). At present, the standard treatment for CML is a product known as Gleevec®, however there have been…

ThursdayJul 10, 2008 8:29 am

International Building Technologies Group, Inc. (INBG.OB) Granted Acquisition Approval by Chinese Government

International Building Technologies Group ("IBTG") is a building supply corporation based out of Alameda, California, with a field office in Shanghai, China. The company primarily manufactures lightweight building panels used in building construction around the world. For the last three months, the company has been awaiting a stamp of approval from the Chinese government on an agreement to purchase the China-based Wufeng Machinery Manufacturing Company ("WMMC"). WMMC currently produces machinery required for rice and grain processing, as well as mineral refining. It is IBTG's intent to re-tool the company's existing production lines to facilitate production of its own building panels.…

ThursdayJul 10, 2008 7:53 am

Solar Enertech Corp. (SOEN.OB) Looks to Double Photovoltaic Panels Output

Working with a developing technology can often put blinders on a company and its researchers. The next product and quarter’s results are usually the focus. But if a company can keep the blinders off for a few moments, it may realize that there are many ways to look at running and funding itself. The company that has a wide vision in a new technology is likely the one that will profit in the end. Solar Enertech Corp., a solar photovoltaic panel manufacturer and research company, works to research, develop and manufacture solar panels from its Shanghai, China base of operations.…

ThursdayJul 10, 2008 7:10 am

International Building Technologies Group Inc. (INBG.OB) Takes another Step Forward in Pursuit of $1.6 Million Company Purchase

It is nice to have a going concern that appears to be doing well in all of its business dealings. Sometimes, however, the old phrase “I’d rather be lucky than good” crops up. A company is merrily going about its business and something big happens; that same company happens to be right there with help. In some instances, the “big” thing can be positive while at other times it can be negative. If, however, a company happens to be available and nearby at the time, it can help out with the situation and profit at the same time. International Building…

ThursdayJul 10, 2008 7:06 am

EnterConnect Inc. (ECNI.OB) Appoints Tom Ashburn to Board of Directors

EnterConnect Inc. (ECNI.OB) is the leading provider of on-demand portals that improve communication, collaboration, and business processes. These on-demand portals help companies increase their growth and productivity, while also increasing customer satisfaction. EnterConnect solutions are currently in use at more than 50 Fortune-1000 companies. On July 10, 2008, EnterConnect announced the appointment of Tom Ashburn to the company's board of directors. Mr. Ashburn has more than 30 years experience with leading global technology companies such as BEA Systems and Hewlett Packard. Mr. Ashburn was with HP for 33 years and, most recently, was president of BEA System's worldwide field organization,…

ThursdayJul 10, 2008 6:51 am

Raven Biofuels International Corp. (RVBF.OB) Announces $10 Million Equity Funding Commitment

Raven Biofuels International Corporation recently announced that it has secured an equity funding commitment totaling $10 million from Blackhawk Investments Ltd. and Clean Energy Holding Corp. Blackhawk Investments Ltd. entered into a private placement of up to 8 million units for aggregate gross proceeds of up to $8 million on June 30. Clean Energy Holding Corp. entered into a private placement for up to 2 million units for aggregate proceeds of up to $2 million. Each unit is equivalent of one share of common stock and a one-share purchase warrant, which is exercisable for two years from closing at $1.50…

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