Blog - Page 4481 of 5516

FridayMay 30, 2008 3:53 am

Broadwind Energy Inc (BWEN.OB) Adds Plants in SD and TX

Tower Tech Systems Inc. of Manitowoc, WI will build wind turbine support tower plants in Sioux Falls, S.D., and Abilene, Texas, in order to expand production and cut down on transportation costs, the firm's parent company said. J. Cameron Drecoll, CEO of Naperville, Ill.-based Broadwind Energy Inc. (OTC: BWEN), said the expansion to new regions, combined with a recent acquisition of a transportation and logistics provider to the wind industry, will result in significant savings for the company. The new sites are closer to some key wind energy markets. Each facility is expected to initially employ more than 150 workers,…

ThursdayMay 29, 2008 6:11 pm

Shares of Kosan Biosciences, Inc. (KOSN) Surge on Agreement to be Acquired by Bristol-Myers for $5.50 per Share

Shares of Kosan Biosciences Inc. (NASDAQ: KOSN), a biotechnology company and drug developer that focuses on the genetic manipulation of polyketides, which are used in antibiotics and anticancer drugs, more than tripled recently on the announcement of the signing of a definitive merger agreement with Bristol-Myers Squibb. Under the terms of the agreement, Bristol-Myers Squibb will acquire Kosan for $5.50 per share in cash. Bristol-Myers Squibb will begin purchasing all of the outstanding shares of Kosan with a net aggregate purchase price of approximately $190 million. This purchase agreement has been unanimously approved by the boards of directors of both…

ThursdayMay 29, 2008 6:10 pm

Ultralife Batteries, Inc. (ULBI) Increases Second Quarter 2008 Outlook to $75 Million

Ultralife Batteries Inc. (ULBI), a battery company that also offers products and services ranging from portable and standby power solutions to communications and electronics systems, recently increased the company’s second quarter 2008 revenue outlook from $65-$70 million to more than $75 million as product demand continues to increase and customers require expedited deliveries. Ultralife’s stock posted a 25% increase in trading volume following the release of the higher earnings estimate. After evaluating recent sales and deliveries, the company boosted its earnings estimate due to strong demand from government, defense and commercial customers across the globe, and increased shipments over the…

ThursdayMay 29, 2008 4:45 pm

Jamba Juice (JMBA) and Nestle USA Launch Ready-to-Drink Product Line for 2008

As the leader in blending fruits and other naturally healthy ingredients, Jamba Juice (NASD: JMBA) has teamed up with Nestle USA (OTC: NSRGY) and has announced the launching of a line of Jamba® ready-to-drink beverages containing real fruit. The drinks are made with extra nutrients to enhance flavor and nutritional value. In morning trading Jamba Juice's stock rose 13.18%. "This is the first step in our strong partnership with Nestlé," stated Paul Coletta, senior Vice President of marketing and brand development at Jamba. "Our teams continue to work together on future product extensions that will build and drive the synergy…

ThursdayMay 29, 2008 4:43 pm

General Automotive Company (GNAU.OB) Reports First Quarter Financial Results

General Automotive Company (OTCBB: GNAU) reported their financial figures for the first quarter ended March 31, 2008. The company is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products covering a number of levels of distribution throughout the U.S. and worldwide. They have long-lasting relationships with manufacturers in China, Korea, and Japan which allows them to bring high-quality automotive parts and accessories to automobile manufacturers in the United States. Revenue rose 51% to $4.07 million for first quarter 2008 compared to $2.69 million a year ago. Gross profit totaled $345,000 for first quarter 2008…

ThursdayMay 29, 2008 4:42 pm

Voyant International Corporation's (VOYT.OB) Subsidiary Provides Power for Telecom and Mobile Media Markets

RocketStream, Inc., a subsidiary of Voyant International Corporation (OTCBB: VOYT) and a leading provider of digital content delivery acceleration over high-bandwidth IP networks, recently announced that they have been chosen to power the world's largest provider of syndicated consumer research to the telecom and mobile media markets. Nielsen Mobile will utilize the data transfer acceleration software developed by RocketStream™ in order to transport large amounts of mobile network quality among measurement vehicles in the field and corporate data centers. At the closing of Wednesday's trading, the company's stock rose 52.63%. Nielsen Mobile uses high precision coverage measurements to map the…

ThursdayMay 29, 2008 4:40 pm

China Tel Group Inc. (CHTL.OB) Appoints President/COO with Extensive Leadership and Architectural Experience

China Tel Group Inc. (OTCBB: CHTL) focuses on the telecom sector, working to deliver its broadband technology in China. The company is targeting a population of more than 300 million people, representing 50 percent of the country’s GDP. The company today announced the appointment of Colin Tay as company president, and Mario Alvarez as COO, supported by their experience in the architectural and Asian markets. “We now have our senior leadership in place and are moving forward rapidly with our strategic plans for China and the extraordinary opportunities within that country's telecom sector. We have a singular opportunity to develop…

ThursdayMay 29, 2008 4:39 pm

Hybrid Technologies Inc. (HYBR.OB) Building Green Speed Vehicle

Hybrid Technologies Inc (HYBR.OB), based in Mooresville, NC, is currently developing a Tesla-inspired sportscar. Hybrid plans on developing an all-electric version that will be targeted for production and a gas-electric hybrid version that will be entered into the “Progressive Automotive X Prize” competition with Popular Mechanics (PM). Hybrid expects a drivable hybrid prototype, also known as X Prize car, to be completed by September 2008. Ron Cerven, a Hybrid project development engineer, stated, “We’re looking for this car basically to end up mainstream—not just built for a one-and-done. The X Prize car is going to be the purchasable—obviously a higher-end…

ThursdayMay 29, 2008 2:34 pm

Geeks On Call Holdings Inc. (GOCH.OB) is “One to Watch”

Geeks On Call Holdings Inc. is an on-site computer service company that provides help to business and residential customers. The company can address problems including system security and online privacy solutions, hardware and software repairs, wireless equipment and network installations, and general troubleshooting. The company also provides network services, data backup and recovery, virus/spyware detection and removal, firewalls and Internet security, custom-built PCS, training, upgrades, networks, and preventive maintenance services. The company was founded in 1999 and began franchising in 2001. They currently have over 250 independently owned and operated franchises in the United States, with new locations opening regularly.…

ThursdayMay 29, 2008 2:31 pm

Joytoto USA Inc. (JYTO.OB) to Distribute Unique Electronic Line to Retailers like Best Buy

Joytoto USA Inc. (OTCBB: JYTO) engages in online games and electronics manufacturing businesses, two sectors that continue to grow with new advances, features and products that cater to a technological generation. Joytoto USA, subsidiary of Joytoto Co. Ltd., is an original equipment manufacturer (OEM) of digital consumer entertainment devices. The company stated that it will narrow its focus solely to Retailer's House Brand (RHB) products. According to Euromonitor, RHB market share for consumer electronics is only 0.6 percent; as other consumers stretch toward 25 percent market share, Joytoto is targeting the growth opportunity to take advantage of the market. One…

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