Blog - Page 4529 of 5436

FridayApr 04, 2008 3:25 pm

Fund.com, Inc. (FNDM.OB) Takes Advantage of Surging Fund Business

According to The Economist, the global fund business is a $64 trillion business. Morningstar reports that there are approximately 114,000 mutual funds worldwide – and that number continues to grow. The Investment Company Institute reports a 1,196 percent increase in U.S. fund investors since 1980, currently at 55 million. Fund.com (OTCBB: FNDM), recently featured in EQUITIES magazine, is taking advantage of the booming fund community by publishing information about various channels of pooled investment opportunities via the Internet. The company’s online location was designed to connect individual investors with providers of investment and related funds. The company likens its business…

FridayApr 04, 2008 2:09 pm

Shares of DRAXIS Health, Inc. (DRAX) Spike on Jubilant Acquisition

Shares of DRAXIS Health, Inc. (DRAX), a Toronto, Canada-based provider of specialty pharmaceuticals, jumped nearly 24% to an intraday high of $6.10 Friday after the company announced that will be acquired for approximately $255 million in cash by Indian company Jubilant Organosys, Ltd. Jubilant plans to acquire all the outstanding common shares of DRAXIS for $6 per share. Jubilant, a drug discovery and development services company, hopes the transaction will help it gain much-needed footing in North America. "DRAXIS represents a unique opportunity in the North American market, offering Jubilant entry into the attractive, regulated, high growth and high margin…

FridayApr 04, 2008 12:17 pm

DRI Corp. (TBUS) Receives Order for Mobitec(R) Products Valued Over $480,000

DRI, a digital communications technology leader in the domestic and international public transportation and transit security markets, announced April 4, 2008 that the Company’s subsidiary, Mobitec Group, a premier supplier of electronic destination system systems in the Nordic markets, received a $480,000 order confirmation for Mobitec® electronic destination sign systems. The product delivery is scheduled to commence in second quarter 2008 and should conclude by fourth quarter 2008. The Company’s Chairman, President and Chief Executive Officer, David L. Turney said, “This marks our first significant order from this highly credible German systems integrator, which is involved in several other international…

FridayApr 04, 2008 12:14 pm

SEDONA® Corp. (SDNA.OB) Selected by Norristown Bell Credit Union as Its MRM Technology and Service Provider

SEDONA®, a provider of multi-vertical Customer/Member Relationship Management solutions and services, announced that Norristown Bell Credit Union selected the Company as its MRM technology and service provider. Helen Edwards, Norristown Bell CEO and President, said, “Norristown Bell is a full service financial center where our members come first. We are dedicated to helping our members and their families reach their financial goals. By applying the capabilities of Intarsia®, SEDONA's MRM technology, we are taking that dedication a step further. By fully understanding what our members' needs are, and when they need them, we can employ another tool assuring that our…

FridayApr 04, 2008 12:11 pm

Navarre Corp. (NAVR) Announces New President, Joyce Fleck

Navarre Corp., a publisher and distributor of physical and digital home entertainment and multimedia products such as PC software, DVD, and video games and accessories, announced it appointed Joyce Fleck as President of the company. Cary Deacon, Chief Executive Officer of Navarre Corporation said, “Joyce is a dedicated and proven leader. Her strong retail expertise combined with her intimate knowledge of our vendor communities make her eminently qualified for this position. Joyce's role will encompass all aspects of our Distribution sector and will report directly to Brian Burke, Navarre's Chief Operating Officer.” Joyce Fleck joined Navarre in May of 1999.…

FridayApr 04, 2008 11:51 am

Eye on Private Equity

Have you noticed the boom in private equity funds? Five years ago, private equity funds closed $37 billion worth of acquisition deals. In 2006, the total value of private equity deals was $475 billion. Today there are at least 170 private equity funds with at least $1 billion in assets. Private equity funds have been doing so well that Wall Street and the financial press have not been alone in noting their success. Congress is exploring the ways in which publicly traded private equity funds are taxed on their profits. Current tax law sees them as partnerships, allowing the general…

FridayApr 04, 2008 11:49 am

Watching the Health Care Squeeze

A 65–year–old couple who retire today and live to life expectancy can expect to spend almost $300,000, on average, for health insurance premiums and out–of–pocket expenses, assuming they have access to retiree health benefits from a former employer and pay the entire premium. But employer–sponsored retiree health benefits are becoming rare, and the outlook for retirees who will need to rely on Medicare is also dire. Medicare is facing insolvency in 2018, and experts are predicting that benefits will be reduced in the future. Medicare benefits currently cover only about half the cost of health-care services. If benefits are reduced,…

FridayApr 04, 2008 11:23 am

World Energy Solutions, Inc. (WEGY.OB) Pure Air Technology Viability Confirmed by University of Florida Study

World Energy Solutions, Inc. (WEGY) announced today that the University of Florida’s Department of Environmental Engineering Sciences department has completed performance testing of its Pure Air Technology. The technology stems from a NASA-sponsored research project conducted at the university. The study confirmed that the Pure Air prototype has the ability to remove 99% of harmful chemicals in samples. Dr. David Mazyck, Associate Professor at the University of Florida, conducted the testing along with the University’s Environmental Systems Commercial Space Technology Center (ES-CSTC) and its Director, William Sheehan. The team entered in samples of 2 ppmv of methanol and hydrogen sulfide…

FridayApr 04, 2008 11:00 am

SIGA Technologies Inc. (SIGA) Takes Steps toward FDA Approval for its Lead Smallpox Antiviral

SIGA Technologies Inc. (NASDAQ: SIGA) announced it has launched an initiative to produce DNA registration batches of its leading smallpox antiviral, ST-246. The company specializes in the development of pharmaceutical agents effective against biowarfare pathogens. For the past few months, the company has consulted with the FDA to choose its final chemical formulation for large-scale production, and has chosen the market image and packaging needed to commercialize the material. “Now that we have submitted to FDA our package supporting emergency use authorization for ST-246 and have successfully completed a multiple ascending dose human clinical safety trial, we are moving to…

FridayApr 04, 2008 8:37 am

QuoteMedia, Inc. (QMCI.OB) Reports 49% Increase in Revenue for 2007

QuoteMedia, Inc., a leading provider of market data and financial applications, released its financial results for the fiscal year ended December 31, 2007 which reflects a 49% increase in revenue. The Company reported $5,569,107 in revenues versus $3,742,534 in 2006. They also showed a 19% increase in deferred revenue for payments received in advance from customers. The deferred revenue will be recognized as revenue in future quarters when the services are performed, according to the company. In view of the company’s revenue increase, Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc stated, “In 2008, we already have sales…

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