Blog - Page 4439 of 5550

ThursdayJul 17, 2008 4:04 am

Unsolicited Bid and Possible Proxy Fight Boost Asyst Technologies, Inc.’s (ASYT) Stock Price

Asyst Technologies, Inc. (NASDAQ: ASYT), a leading provider of standards-based factory automation solutions, customer-focused software products and formal systems integration processes, recently announced that the company received an unsolicited letter from Aquest Systems Corp. expressing an interest in exploring a potential acquisition of Asyst Technologies, Inc. for $6.50 per share. After conducting a thorough review of the proposed transaction, the board of directors determined that the acquisition contemplated in that expression of interest by Aquest Systems Corp. is not in the best interests of shareholders, and the expression of interest was subsequently withdrawn. Asyst’s management team also announced that it…

WednesdayJul 16, 2008 6:03 pm

OTCPicks Featured Company: Wincroft, Inc. (WCRF.OB) Signs Letter of Intent to Acquire Apollo Solar Energy, Inc.

Wincroft, Inc. (OTCBB: WCRF) signed a letter of intent to acquire Apollo Solar Energy, Inc., which indirectly owns 100% of the equity of Sichuan Apollo Solar Science and Technology Co. Ltd., a wholly foreign-owned enterprise organized under the laws of the People's Republic of China. The closing of the acquisition is resting upon the execution of formal binding agreements, with approval from the board of directors of WCRF and ASE, as well as the satisfactory exchange of due diligence materials between the two parties. Wincroft runs no significant operations as they focus on acquiring either project financing or an operating…

WednesdayJul 16, 2008 6:02 pm

OTCPicks Featured Company: SyntheMed, Inc. (SYMD.OB) Core Product is Approved in Canada

SyntheMed, Inc. (OTCBB: SYMD), a biomaterials company engaged in the development and commercialization of medical devices for therapeutic applications, recently announced that their bioresorbable adhesion barrier film for reduction of adhesions following cardiac surgery, REPEL-CV®, received approval from Health Canada to be used in pediatric patients who undergo open heart surgery. The Montreal based distributor of cardiac surgery products, Force3 Medicale, Inc., will be responsible for the marketing of REPEL-CV. SyntheMed's Vice President, Marc Sportsman, said, "We are pleased to receive the Health Canada approval which allows us to further expand the international distribution of REPEL-CV." The company offers products…

WednesdayJul 16, 2008 12:26 pm

SatCon Technology Corp. (SATC) to Ramp Up Solar Manufacturing to Meet Federal Installation Tax Credit Deadline

For more than 22 years, SatCon Technology Corp. (Nasdaq: SATC) has delivered utility-scale renewable energy solutions for solar photovoltaic, fuel cells, wind turbines and energy storage systems. Addressing rising demands in the European and Asian alternative energy markets, the company today announced it will increase its manufacturing capacity by 50 percent in the third quarter of 2008, a 20-percent increase over original manufacturing plans. Feeling the pressure to complete its large-scale renewable energy projects before the expiration of the current Federal Installation Tax Credit (ITC), the company is working hard to manufacture its 500kW and 225kW PowerGate Plus(TM) solar PV…

WednesdayJul 16, 2008 12:23 pm

uBid.com Holdings Inc. (UBHI.OB) Inks Multi-Million Stock Purchase Agreement with Fusion Capital to Further Implement Business Plans

uBid.com Holdings Inc. (OTCBB: UBHI) today announced a $10 million common stock purchase agreement with Fusion Capital Fund II LLC, stating up to $10 million of uBid’s common stock may be sold for a 24-month period after the SEC releases a registration statement regarding the transaction. "We are very excited to establish this funding relationship with Fusion Capital, a well-respected institutional investor with a strong record of investment," uBid.com Holdings CEO Jeff Hoffman stated. "This new funding should help give us the ability to further roll out our strategic vision to focus on excess inventory solutions." Per the agreement, uBid.com…

WednesdayJul 16, 2008 11:41 am

Liquor Group presents Argentina’s Premium Rum

Liquor Group, the specialty spirits distributor, has signed a deal with Lantrix to represent Argentina’s best kept secret, Isla N Rum. Available in 4 distinct styles White Rum, Gold Rum, Lemon Rum, and Coconut Rum. The quality is in the details with Isla N Rum. All the rums are produced in 100% copper stills, with the “slow distillation” method. The molasses used to make Isla N is carefully selected for high sugar content, which improves the aromas; Canadian yeast is used in a slow controlled fermentation process. Isla N Rum is one of the purest rums in today’s market due…

WednesdayJul 16, 2008 11:36 am

Find the Latest Stock Promotions at StockPromoters.com for No Cost!

At StockPromoters you can find the most up to date information on the latest promotion campaigns, as well as find which ones have gone stale, all at no cost to you! They inform their members instantly when a new company starts a campaign so they can be the first to act. At their website, members can obtain access to the most complete track records of all the promoters in the business, and see past the created hype in order to get behind the scenes of the stocks being promoted. Investors will be able to find answers to questions such as:…

WednesdayJul 16, 2008 11:14 am

Workstream Inc (WSTM) Helps Businesses More Efficiently Manage Employee Information

In today’s workplace environment, professionals are no longer working decades at one company until they retire. Instead, people are looking at new opportunities to develop their careers to get to the next level. As qualified employees are getting harder to find, companies are looking towards better methods to manage and retain their current workforce. Workstream Inc (WSTM) has developed solutions that allow companies to manage employee lifecycles from recruitment to retirement. Workstream TalentCenter 7.0 is the company’s latest on-demand compensation, performance, and talent management system. The system utilizes Web 2.0 technology to eliminate the need for extensive training sessions, which…

WednesdayJul 16, 2008 9:56 am

Terra Nostra Resources Corp. (TNRO.OB) Expects Fiscal 2008 Joint Venture Revenues to Increase

Based on a preliminary review of production volumes and revenues provided by its joint venture partner for the fourth quarter ended May 31, 2008, Terra Nostra Resources Corporation, a leading copper and stainless steel producer in China, is anticipating reporting approximately $123 million in revenue, which will be a 13% increase over the third quarter of 2008. The reported revenues will bring the total fiscal 2008 revenue to $532 million, which is 86% higher than fiscal 2007’s revenue of $285 million. In regard to the fourth quarter reported revenues of fiscal 2008 for the company’s copper and steel productions, the…

WednesdayJul 16, 2008 9:18 am

Polaris Industries, Inc. (PII) Exceeds Second Quarter Expectations

Businesses in virtually every sector of our economy are certainly struggling at the present time, but you couldn't tell by looking at Polaris Industries. The company reported better-than-expected second quarter financial results this week, including a 21-percent increase in sales since the same time last year. The recreational vehicle manufacturer shocked many Wall Street analysts with the favorable results, granted the fact that - at the current moment - not many families are enjoying large disposable incomes. Nonetheless, Polaris enjoyed a quarterly profit of $24.4 million, equal to 72 cents of earnings per share. The company attributes a great deal…

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