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WednesdayJun 25, 2008 1:09 pm

Speedway Motorsports, Inc. (SMI) to Purchase Kentucky Speedway

Speedway Motorsports, Inc. (SMI) is a marketer and promoter of motorsports entertainment in the United States, and was the first motorsports company to be traded on the New York Stock Exchange. The company, located in Charlotte, North Carolina, owns six premier speedway facilities in locations across the country and has one of the largest total permanent seating capacities, which, as of December 2005, was approximately 775,000. Speedway also provides souvenir merchandising through SMI Properties; manufactures and distributes smaller-scale, modified racing cars through 600 Racing; and broadcasts syndicated racing programs through Performance Racing Network. Last month, the company agreed to purchase…

WednesdayJun 25, 2008 11:40 am

YANGAROO Inc. (YOOIF.OB) Establishes Integration Agreement to Ward Pirating and Revolutionize Music Distribution and Delivery

YANGAROO Inc.’s (OTCBB: YOOIF) patented Digital Media Distribution System (DMDS) has made more than five million deliveries of more than 11,000 songs to radio stations representing more than 25 U.S. broadcast chains. The company today announced it has integrated its DMDS with OMT Inc’s iMediaTouch Radio Automation Software that will significantly expand YANGAROO’s distribution reach. Digital and entertainment media has rapidly evolved as digital transfer becomes more convenient and popular. YANGAROO’s Web-based delivery system is free to the radio industry and replaces the physical distribution of music. Radio stations can now receive broadcast-quality music and promotional materials digitally, directly from…

WednesdayJun 25, 2008 10:19 am

Emeritus Corp. (AMEX:ESC) Shares Hit 52-Week Low

Emeritus Corp. is a healthcare company that provides assisted-living situations for the elderly suffering from Alzheimer's disease and other forms of dementia. The company operates 289 communities in 36 states, accommodating more than 30,000 senior citizens. Company shares pulled back to their lowest point in the last year, falling to $17.56 during yesterday's trading session on average volume. However, company officials vehemently assure shareholders that Emeritus is still very much alive. Statements were given to that effect by company president Granger Cobb, in a presentation at the Jefferies 2nd Annual Healthcare Conference in New York. On his company's level of…

WednesdayJun 25, 2008 10:18 am

Advanced Battery Technologies, Inc. (ABAT) Signs Major Contract

Advanced Battery Technologies ("ABT") is a Chinese company engaged in the development, manufacture, and distribution of advanced polymer lithium-ion (PLI) batteries. The company just signed its third major sales contract of 2008, valued at five million dollars. ABT will supply its rechargeable PLI battery cells to the Quanzhou Hongtian Science & Technology Development Co. (QHSTD), an LED lamp and searchlight manufacturer. ABT's cutting-edge cells will allow QHSTD to offer a brighter, longer-life handheld searchlight with an impressive illumination range of 1,000 meters (3,330 feet). ABT's CEO, Zhiguo Fu commented: "This contract of $5 million is our third major contract of…

WednesdayJun 25, 2008 10:16 am

Genta Inc. (GNTA.OB) Updates on Melanoma drug Genasense® Phase 3 Trial

As with any small cap research company, the promise is strong but the research time can be long. Therefore updates on how the research is going are necessary so that stockholders and the investment community don't forget that the company has promise and is working on something important. Yesterday, Genta Inc. (OTCBB:GNTA) did just that. It announced its progress on the clinical trials of its promising melanoma drug, Genasense®. This drug may also have broader applications in other cancers as well, since “Genasense® inhibits production of Bcl-2, a protein made by cancer cells that is thought to block chemotherapy-induced apoptosis…

WednesdayJun 25, 2008 10:10 am

Warp 9, Inc. (WNYN.OB) Launches FarCountries.com, a Home Décor and Gift Site

Warp 9 announced that it helped FarCountries.com to improve its web presence using the Warp 9 technology and Internet Commerce System (ICS) platform. This included several Web 2.0 features such as Dynamic Quick Cart and Adobe Flash-based merchandizing tiles. FarCountries also implemented a large number of custom business rules, which highlights the flexibility of the Warp 9 product. Warp 9 Inc. provides tools and technology for web retailing, including the Internet Commerce System (ICS), Virtual Catalog, Email Marketing, Virtual Magazine, and other professional services. FarCountries.com has become the #1 online wholesale buying website in the gift and home décor industry.…

WednesdayJun 25, 2008 9:22 am

mPhase Technologies, Inc. (XDSL.OB) Announces Security & Defense Expo Award

mPhase Technologies, Inc. announced that its wholly owned subsidiary, AlwaysReady, Inc., received an award at the Mid-Atlantic Security & Defense Expo held June 19th in Princeton, New Jersey, and sponsored by the New Jersey Technology Council. mPhase Technologies and AlwaysReady are the inventors of the Smart Battery, and as such are undisputed leaders in global battery technology. Using more than ten technology patents, mPhase and AlwaysReady have revamped the concept of the battery to create a product that is environmentally friendly, has a potentially infinite shelf life, generates lower manufacturing costs, provides for flexibly arrayed power configurations, provides almost instantaneous…

WednesdayJun 25, 2008 8:25 am

Genta Inc. (GNTA.OB) Announces Progress with Global Phase III Genasense Melanoma Trial

Biopharmaceutical companies sometimes get a bad rep for their pricing and marketing tactics. But there are companies working within the biopharmaceutical industry that don’t follow the more typical processes associated with their larger brethren. These are the smaller companies working in the drug development trenches. Finding one of these workhorses can be difficult, but if they are found and nursed along, a nice profit can result. Genta Inc., a biopharmaceutical company, works to develop and market biopharmaceutical products directed at cancer and other small molecule applications. The company currently has a diverse portfolio of products at or nearing the end…

WednesdayJun 25, 2008 7:38 am

Key Energy Services Inc. (KEG) Sees Expansion across the Board with New Rigs in Mexico and Shale Presence in the Southeast

Politicians may talk about increasing domestic energy production, but rarely do they talk about the production that is currently going on at breakneck speed. New oil and gas drillers are exploring any piece of land they can find for that pot of black gold or gas. Once they find it, however, somebody has to drill for it and maintain the equipment. These services companies are right in the thick of things when getting product out of the ground is the practice rather than the theory. A company that is ready to move and take advantage of today’s commodity prices is…

WednesdayJun 25, 2008 7:34 am

MyECheck Inc. (MYEC.OB) Awarded Patent for Online Check Processing Technology

MyECheck Inc. (OTCBB: MYEC) today announced the U.S. Patent & Trademark office has granted a patent for MyECheck’s online check processing technology, which provides merchants with the fastest, safest and most cost effective method for online, phone or remote payment transactions. The company’s founder and CEO Ed Starrs invented the technology, designating MyECheck as the sole licensee of the patented technology, creating a significant asset for the company and catapulting it ahead of competition. "MyECheck now has the intellectual property rights to secure our system of eCheck software throughout the industry. We were not only first to market with an…

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