Blog - Page 4568 of 5565

MondayMay 12, 2008 12:13 pm

Guyana Gold Corp. (GYGC.PK) To Be Co-Listed on the Frankfurt Stock Exchange

Guyana Gold Corp. ("GGC") is following in the footsteps of several other North American mineral resource companies that have chosen to be dually quoted on the Frankfurt Stock Exchange. This is a move that has proven useful for many organizations with respect to increasing international exposure and achieving corporate goals more rapidly. GGC is expected to complete the listing process in a matter of 2-3 weeks. GGC President Eduard Aronov, commented, "The Frankfurt Exchange should have a major impact on the company's ability to raise capital and to gain new institutional and private shareholders. In our opinion, the European market…

MondayMay 12, 2008 12:12 pm

Victory Energy Corporation (VYEY.OB) to Commence Drilling on New Natural Gas Project

Victory Energy Corporation is an oil and gas company in the business of resource property acquisition and exploitation. It focuses primarily on energy properties in the United States and Canada. In an announcement made this morning, Victory stated its intent to begin drilling on the first of three deep Strawn Limestone gas wells this Friday, May 16. The Strawn formation is located in the Texas Permian basin, an area in West Texas known to be rich in oil and gas deposits. At an approximate depth of 9500 feet, wells in the Strawn Limestone have yielded daily production levels ranging between…

MondayMay 12, 2008 12:07 pm

Patriot Scientific Corp.’s (PTSC.OB) President and CEO Issues Letter to Shareholders

Rick Goener, President and CEO of Patriot Scientific, issued a letter today in order to update all shareholders on the company’s activities. In the letter, he stated his intention to provide regular communication through letters of this sort which will provide insight on topical issues and provide a uniform status report on company activities. Selected highlights from the May letter are as follows: Update on Positioning Patriot for Future Growth: The company has identified several interesting patent portfolios to expand their licensing efforts. These IP portfolios involve microcontroller, power management, embedded memory and mobile networking IP. The company is engaged…

MondayMay 12, 2008 12:03 pm

Illinois Tool Works, Inc (ITW) Wins Race to Acquire Britain’s Enodis PLC (ENODF.PK)

Illinois Tool Works Inc (ITW) has apparently won the race to acquire Enodis PLC (ENODF.PK), a maker of food service equipment located in Britain. On Thursday May 8, Enodis PLC agreed to be acquired by Illinois Tool Works, rejecting the previous offer by Manitowoc (MTW). Manitowac had been pursuing Enodis for two years, but in the end, Enodis accepted the Illinois Tool Works total offer of $2.3B. The Illinois Tool Works offer includes $2.1B in cash and the assumption of $210M in debt. By accepting this offer, it rejected Manitowac’s $1.9B bid. Enodis manufactures food service equipment (food preparation, ice…

MondayMay 12, 2008 11:49 am

Astrata Group, Inc. (ATTG.OB) Announces New West Africa Contract

Astrata Group announced this afternoon that Geneva-based Cotecna Group SA, a group of trade inspection, security and certification companies, has been awarded a major contract to produce a transit monitoring system for the government of Senegal's customs operations. Pat Ellis, Astrata's Regional Director for Europe and Africa said, "Astrata has been working closely with Cotecna on several public sector opportunities and we are pleased to announce the first of these to come to fruition in Senegal. This contract for the Senegalese government project underlines our progress in marketing Astrata's advanced Telematics solutions in international markets.” Astrata Group, Inc. is a…

MondayMay 12, 2008 11:19 am

Navarre Corp. (NAVR) Seeks to Capitalize the Home Entertainment Market

Navarre Corp (NAVR:NASDAQ) is a publisher and distributor of physical and digital home entertainment and multimedia products in the U.S. and Canada. The company's customers come from a wide spectrum of retailers, including mass merchandisers, third party distributors, wholesale clubs, computer speciality stores, music specialty stores, book stores, and office and electronic superstores nationwide. Navarre operates in two segments: distribution and publishing. The distribution part of the company distributes various finished goods including PC software, CD audio, DVD video, video games and accessories. These finished products are provided by PC software and video game publishers and developers, independent music labels,…

MondayMay 12, 2008 11:15 am

Geeks On Call Holdings, Inc. (GOCH.OB) Named to Entrepreneur Magazine's Prestigious Franchise 500®

Entrepreneur Magazine has released its annual Franchise 500® list and, for the third year in a row, Geeks On Call, a premier national provider of professional IT solutions to small business and residential customers, has been named one of the magazine’s top 500 Franchise companies to own. To add to the recognition, the magazine also selected the company as one of the 101 best in the “Top Home Based Franchise” category for a third straight year. “We are proud of the ongoing recognition from Entrepreneur,” said Rich Artese, Chief Operating Officer and Executive Vice President of Geeks On Call. “We…

MondayMay 12, 2008 11:12 am

Mikros Systems Corp. (MKRS.OB) is Awarded Two Contracts with the U.S. Navy

Mikros Systems Corp. (OTCBB: MKRS) today announced it recently secured two new, U.S. Navy contracts to cover follow-up work on the Mikros’ AIRchitect-EMC wireless network design tool, "interference-aware" network design software. The software allows the Navy to optimize shipboard network design and avoid interference with critical radar and communications systems. “We have worked closely with the Navy's technical experts in Charleston and San Diego to develop a tool tailored to the unique demands of shipboard operation,” Tom Meaney, president of Mikros stated in the press release. “If these programs are successful, we expect there will be many future opportunities to…

MondayMay 12, 2008 11:11 am

Generex Biotechnology Corp. (GNBT) Develops Chewing Gum Product for Type 2 Diabetes Treatment

Generex Biotechnology Corp. (Nasdaq: GNBT) is a leader in drug delivery for metabolic diseases through the inner lining of the mouth. The company has developed a proprietary Metformin chewing gum product, MetControl. Today, the company announced it produced clinical samples of Metcontrol, manufactured under GMP conditions, to be used in upcoming trials. “We are pleased to have completed this significant milestone with respect to our medicinal chewing gum product," Rose Perri, the company's chief operating officer stated in the press release. “This represents the expansion of the company's proprietary drug delivery platform as it utilizes the core science behind the…

MondayMay 12, 2008 11:08 am

HotOtc Featured Company: Cannon Exploration, Inc. (CNEX.PK) Ready to Test “Queen Alexandria” Mine Option in Northern Ontario, Canada

Analyzing test data is a prudent first step before committing to any unknown risk/reward scenario. This is the primary tenant of any market-based decision. Gather all relevant information and make your best guess. If the tests show you good data, you can make a better guess. There is always room for error, but having all the data in place before you turn out that first widget is the best way to increase the likelihood of success. Cannon Exploration Inc., a minerals exploration and development company, works to discover quality opportunities for mid- and long-term property exploitation. The company works from…

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