Blog - Page 4371 of 5612

ThursdaySep 25, 2008 5:54 am

Contracts worth $16.2 Million Go To China Sun Group (CSGH.OB) Subsidiary

China Sun Group High-Tech Company (OTCBB: CSGH) announced that its wholly-owned subsidiary, Dalian Xinyang High-Tech Development Co. Ltd. ("DLX"), has entered into two one-year contracts with Shenzhen Haoran Battery Co., Ltd. The two purchase and sale agreements, together worth about $16.2 million in revenues, will supply Haoran Battery with 20 tons of lithium cobalt oxide and 20 tons of lithium manganese oxide per month beginning this November. DLX has the second largest cobalt production capacity in China, according to the China Battery Industry Association. DLX will provide the lithium cobalt and lithium manganese, which will be used in the manufacture…

ThursdaySep 25, 2008 5:45 am

‘Lower 48’ Domestic Oil Deposits Much Larger Than Previously Thought

Earlier this year the United States Geological Survey, a government department, released a report that said the area known as the Bakken Formation in North Dakota and Montana could yield between 3 to 4.3 billion barrels of oil. That is 25 times more than the USGS had estimated in 1995. In contrast, ANWR is estimated to have a recoverable yield of about 11 billion barrels of oil. "New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes," a USGC news release states.…

ThursdaySep 25, 2008 4:35 am

Axial Vector Engine Corp. (AXVC.PK) Gaining Momentum Due to Recent Report

Axial Vector Engine Corporation (OTC: AXVC.PK) owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. By developing these novel technologies, Axial Vector™ has the ability to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The company has seen steady growth over the years, but not until now have they received substantial attention. Recently, The Green Baron Report issued a summary saying they believe Axial Vector will begin to move up literally any day now. During…

ThursdaySep 25, 2008 4:06 am

Pozen Inc.’s (POZN) Chief Executive Officer Presents at UBS Global Life Sciences Conference

John R. Plachetka, the chairman and chief executive officer of POZEN Incorporated (NASD: POZN), a pharmaceutical company committed to developing therapeutic advancements for diseases with unmet medical needs, presented earlier this week at the UBS Global Life Sciences Conference in New York, New York. The company’s research and development efforts are focused primarily on the development and commercialization of pharmaceutical products for the treatment of acute and chronic pain and other pain-related conditions. The company focuses on providing therapeutic advancements that can improve efficacy, safety, and/or patient convenience. POZEN currently has development and commercialization alliances with GlaxoSmithKline for Treximet™, a…

ThursdaySep 25, 2008 4:05 am

Advance America, Cash Advance Centers, Inc. (AEA): Small Loans, Big Profits?

Advance America, Cash Advance Centers (AEA), operates over 2,800 payday loan and cash advance outlets in 35 states. The company also does business in the United Kingdom and Canada, with 12 centers in the U.K. and seven in Canada, respectively. Advance America's primary customer base is middle-income individuals in search of small denomination loans that the customer must pay back during the next pay period. Even with the closing of the 30 Arkansas stores, Advance America is still the largest US payday lender. Typically, the firm charges about $15 for every $100 loaned to a customer. Estimates for payday loan…

WednesdaySep 24, 2008 6:04 pm

Oriental Financial Group Inc. (OFG): Banking on Puerto Rico

Oriental Financial Group (OFG) is a bank holding company that offers banking services such as commercial and consumer lending, saving and time-deposit products, financial planning, corporate and individual trust and retirement services, and mortgage lending services to customers in Puerto Rico and Florida. The company also operates an international banking entity, Oriental International Bank, Inc., that engages in similar lines of business. As of the end of 2007, Oriental Financial had 24 retail branches on the island of Puerto Rico. Oriental Financial also provides financial services, including fiduciary, insurance, and pension administration services; investment banking services; and securities brokerage services…

WednesdaySep 24, 2008 5:48 pm

Changing Times Vitamins, Inc. (SGTB.PK) is “One to Watch”

Changing Times Vitamins, Inc. (SGTB.PK) is focused on developing a network of synergistic divisions that will offer proprietary Natural Health & Fitness Products, technology for Athletic Community Web Sites, Sports Event Promotions and Total Body Fitness oriented Health Clubs. The mission of the company is to internally develop these divisions, utilizing their marketing resources and collective knowledge that spans Advertising, Natural Product Development/Sales and Marketing, Web site technology and Health and Fitness. Currently, the company’s main product is RecoveryX, a sports drink that contains a clinically tested, patent pending algae extract that has been shown to reduce edema (swelling/inflammation) and…

WednesdaySep 24, 2008 5:09 pm

Hologic, Inc. (HOLX) Receives FDA Clearance to Incorporate World Health Organization 10-Year Fracture Risk Assessment into Its Bone Densitometer Systems

Hologic, Inc. (HOLX) is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic’s core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health. The company, in June, announced the acquisition of Third Wave Technologies, which develops and markets molecular diagnostic reagents for a wide variety of DNA and RNA analysis applications based on its proprietary Invader® chemistry. Hologic recently announced that it is the first diagnostic medical device manufacturer to receive U.S. Food and Drug Administration clearance to incorporate the World Health…

WednesdaySep 24, 2008 5:07 pm

Skins Inc. (SKNS.OB): The Next Big Thing in Footwear Stocks?

Skins (SKNS) is a development stage footwear company specializing in footwear for both men and women. The company puts an orthopedic support in its shoes, known as the “Bone,” and places a fashionable cover on the outside, known as the “Skin.” This combination allows consumers to mix and match bones and skins to create the look they like best. Skins products can now be found in 21 retail outlets. Once a customer has bought a pair of bones, they don't need to repurchase another pair, but they can buy an unlimited quantity of skins, which are available at footwear and…

WednesdaySep 24, 2008 4:38 pm

Actuant Corp. (ATU) Signs Agreement to Acquire Cortland Companies from Investor Group Cortec Group

Actuant Corporation (ATU), based in Butler, Wisconsin, is an industrial company with operations in more than 30 countries. Actuant businesses provide highly engineered position- and motion-control systems and branded hydraulic and electrical tools and supplies. The company employs more than 7,500 people worldwide and, since its creation through a spin-off in 2000, has grown its sales from $482M to over $1.6B and its market capitalization from $113M to $1.6B. Actuant recently announced the signing of a definitive agreement to acquire the stock of the Cortland Companies from an investor group lead by Cortec Group. The Cortec Group acquires high value-added,…

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