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WednesdayMay 14, 2008 6:12 pm

XO Holdings Inc. (XOHO.OB) Subsidiary Announces Agreement with Smith Seckman Reid to Provide Cost-Saving Network Solution

Founded in 1968, Smith Seckman Reid provides consulting services to more than 500 professionals spanning clients in commercial, sports and entertainment, health, government and education. The company’s international and domestic products range from small renovations to large-scale products exceeding hundreds of millions of dollars. To strengthen its services, SSR has teamed with XO Communications, a subsidiary of XO Holdings Inc. (OTCBB: XOHO), in which XO will provide a nationwide IP-based networking solution to SSR. Per the agreement, XO will provide its Multiprotocol Label Switching (MPLS)-based Internet Protocol (IP) Virtual Private Network (VPN) solution to SSR. “Our existing network wasn't meeting…

WednesdayMay 14, 2008 6:10 pm

OTCPicks Featured Company: Pilgrim Petroleum Corporation (PGPM.PK)

Pilgrim Petroleum’s most valuable properties are located in the northwestern region of Texas, where they own approximately 12,000 acre properties. The properties host resources with an estimated P50 (*) of 4 millions of barrels of oil equivalent, these estimates come from "Petroleum Classification and Definitions" (2000) published in draft by the Society of Petroleum Engineers (SPE) and the World Petroleum Congress. The company is currently in a new phase which lays down a strategy with their partners and alliances for new drilling activities in their leasehold position for further categorization of reserves. The management team is focused on developing multiple…

WednesdayMay 14, 2008 6:08 pm

OTCPicks Featured Company: ActionView International, Inc. (AVWI.OB) Sends Letter for Acquisition Transaction

An acquisition transaction has been agreed upon between ActionView International, Inc. (OTCBB: AVWI) and Jim Palmer Trucking, Inc. ActionView announced that the agreement between the two parties came in the form of a letter. At the closing of Tuesday's trading, ActionView's stock increased by 233.33%. Under the terms of the initial agreement, ActionView would acquire all of the issued and outstanding shares of Jim Palmer Trucking, Inc. in exchange for a majority of percentage of ActionView International. This definitive agreement will later outline more details of the acquisition. The content of the letter included a description of additional due diligence,…

WednesdayMay 14, 2008 6:05 pm

Coroware Inc. (CROE.OB) is “One to Watch”

Coroware Inc. (OTCBB: CROE), previously Innova Robotics & Automation Inc., is a development, deployment and marketing partner for Microsoft solution development and lab management teams. The name change reflects the company’s new direction, which will focus on professional services and solutions through its wholly-owned subsidiary, CoroWare Technologies. The company’s Microsoft Practice combines expertise in release management, project management, and systems engineering, with extensive experience working with Microsoft and other Fortune 500 companies. CoroWare helps companies estimate the needed work, and how it can provide solutions on a proposed budget. CoroWare’s enterprise business solutions are designed to meet the needs of…

WednesdayMay 14, 2008 6:01 pm

General Electric (GE) To Sell Appliances Unit

General Electric (GE) plans to auction off its appliance business for as much as $8 billion, ending the company's long association with so-called "white goods". With appliance sales getting hit by the slowing U.S. economy and the housing bust, jettisoning the business could help GE reach its long-term goal of boosting profits by at least 10% annually. A sale could also help appease critics who are calling for a more dramatic restructuring of the 120-year-old company, a chorus that grew noisier after GE's surprise first-quarter earnings disappointment and forecast reduction last month. The appliance outfit consists of refrigerators, freezers, electric…

WednesdayMay 14, 2008 12:45 pm

Global Roaming Distribution, Inc. (GRDB.OB) Creates Packages for International Resellers and Distributors

Global Roaming Distribution (GRDB.OB) has created user-friendly web-based reseller and distributor platforms to ease the growth of the brand into the world market. Global is the first US-based company to offer a SIM card that can be used in all seven continents. The company currently has agreements with over 350 GSM systems that provide a greater cellular use footprint than any other provider. Travel and mobile telecommunications are historically the most resilient segments in the world economy. Modern countries have realized the positive impact of increased international travel and growing cellular use. An estimated one billion cellular handsets are in…

WednesdayMay 14, 2008 11:52 am

MedeFile, Inc. (MDFI.OB) – Complete Control Over Your Medical Records

When it comes to healthcare record maintenance, patients have traditionally relied upon their physicians to manage the full custodial burden. Well, times are changing, and so is this methodology. MedeFile's services allow individuals to assume greater responsibility and control over their own healthcare. Through the totally secure, doctor-designed "MedeVault" environment, patients and their practitioners can now transform their relationships to better direct treatment decisions. MedeFile digitally preserves the patient's records in the MedeVault, and gives the user total control over the designation of who can access them. Switching doctors? The arduous task of obtaining your own records is now simplified,…

WednesdayMay 14, 2008 11:49 am

Yet another Innovative Solution from Angstrom Microsystems Corp. (AGMS.OB)

Angstrom Microsystems continually delivers commercial hardware solutions to fit virtually any need. One of these solutions is the Angstrom SuperBlade™ server system. Do not let a relatively small price tag deceive you; this ultra-dense cluster-style server is superior to traditional rackmount systems in nearly every way. Each "SuperBlade" is mounted vertically to the "SuperNest" enclosure, fitting snugly into rows of thirteen. This allows for a space-saving compact footprint, without sacrificing processing power. The SuperNest provides both power and cooling to the individual processing units; components are "hot-swappable", granting on-the-fly interchangeability. Speaking further of the SuperBlade™ server's flexibility, customers should take…

WednesdayMay 14, 2008 11:35 am

GeoEye Inc. (GEOY) to Launch Satellite August 22nd

GeoEye, Inc. (GEOY) is a provider of space-based and aerial imagery, and geospatial information through both high and low resolution imagery, imagery-derived products, and image processing services to customers worldwide. The company operates a constellation of Earth imaging satellites, along with mapping aircraft, and also has an international network of ground stations. GeoEye's imagery information products enable customers to map, measure, and monitor the earth. The company has a number of both foreign and domestic customers and these include both private companies and government agencies. Some of the applications for their imagery include: national security, intelligence gathering, homeland defense, precision…

WednesdayMay 14, 2008 11:29 am

WisdomTree Investments, Inc. (WSDT.PK) and Dreyfus Launch Currency Income ETFs

WisdomTree Investments, Inc. and The Dreyfus Corporation, a BNY Mellon Asset Management Company, has established several new ETFs (Exchange-Traded Fund) to be listed on the NYSE Arca. WisdomTree Dreyfus Currency Income ETFs will be listed effective today, Wednesday May 14th. The WisdomTree Dreyfus Japanese Yen Fund will follow and be list on or after Friday, May 16th. By issuing these funds, the companies will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region, as well seek to provide exposure to changes in the value of a designated non-U.S. currency…

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