Blog - Page 4613 of 5754

MondayAug 04, 2008 1:34 pm

Cheetah Oil and Gas Ltd. (COGL.OB) Management Team Altered Dramatically

Cheetah Oil and Gas Ltd., through its 10-percent stake in an 8.3-million-acre Papua, New Guinea resource prospect, is involved in oil and gas exploration. Beginning July 29th, Robert McAllister became the new president and CEO, while current board member Georgina Martin was appointed CFO. Those changes were accompanied by the resignation of former company officers David Martin, Ian McKinnon and Dean Swanberg. The three men concurrently cited a desire to explore other business opportunities as their reason for leaving. New CEO Robert McAllister seemed enthusiastic about taking the reins, stating: "I am excited about working with all the stakeholders of…

MondayAug 04, 2008 1:30 pm

Neomedia Technologies, Inc. (NEOM.OB) Secures Critical Financing for Project Launch

NeoMedia Technologies describes itself as "the global leader in camera-initiated transactions for mobile devices". The company intends to capitalize on the numerous opportunities afforded it by NeoReader, a mobile barcode scanning application for the Apple iPhone. Now available in Apple's App Store, the NeoReader application literally transforms the camera on a user's iPhone into a barcode scanner, granting instant access to mobile marketing content and opening the door to a vast array of possibilities. On Monday, August 4th, just days after news of the release hit the presses, NeoMedia announced that it had received a financing commitment from Yorkville Advisors…

MondayAug 04, 2008 12:26 pm

eDOORWAYS (EDWY.PK) Connecting Consumers with Vendors

eDOORWAYS is an innovative platform that connects consumers with specifically targeted businesses that pertain to an individual consumer's basic needs. The company's platform combines positive aspects of highly successful businesses and helps overcome some of the flaws that have prevented them from becoming fully comprehensive tools for consumers, experts, and businesses to connect. The design of eDOORWAYS is a collaborative venue connecting people with questions to experts who have the answers and solutions, while at the same time making recommendations as to where to buy goods and services related to areas of interest. This gives people with advanced knowledge in…

MondayAug 04, 2008 12:20 pm

Linkwell Corporation (OTC: LWLL) Helping to Serve China’s Disinfectant Industry

Linkwell Corporation (OTC: LWLL) is an established leader in China's disinfectant industry. The company owns 90% of Shanghai Likang Disinfectant High-Tech Company, Limited (Likang). Shanghai Likang Disinfectant High-Tech Company, Limited (Likang) is a science and technology enterprise founded by the China Army Second Military Medical University in 1988 and given a name-change to Likang in 1993. Likang specializes in the production, sale, and distribution of a wide variety of disinfectant health care products and services. With over ten years of research and development experience focusing specifically on their products, Likang was a pioneer in the application of technology to the…

MondayAug 04, 2008 12:12 pm

Industrial Services of America, Inc. (IDSA) Reports Second Quarter Net Income Doubles

Industrial Services of America, Inc. (IDSA), a recycler of scrap metals based in Louisville, Kentucky, announced second quarter financial results today during regular trading hours. Revenues increased 77% to $34.5 million compared to $19.5 million for the same period last year. Net income surged 102% year over year to $1.66 million, or 46 cents per share, vs. $822,000, or 22 cents per share. On a sequential basis, revenues rose 32% and net income rose 52% over Q1 2008. The company had projected on June 23 that second quarter earnings would be in a range of $0.42 - $0.44 per share.…

MondayAug 04, 2008 9:51 am

Progressive Gaming International Corp. (Nasdaq: PGIC) Secures $15M Term Loan to Retire Senior Secured Notes

Progressive Gaming International Corp. (Nasdaq: PGIC) supplies integrated casino and jackpot management systems for the global gaming industry. Despite a crippled economy and pinched pockets, the gaming industry hasn’t slowed down. The company today announced it has inked a definitive agreement for a new credit facility and term loan with Private Equity Management Group Inc. (“PEM”). The agreement will allow the company to borrow $18 million, with the possibility of borrowing an additional $9.5 million if certain conditions are met. In addition, the company signed a note and warrant purchase agreement with International Game Technology (NYSE: IGT), in which IGT…

MondayAug 04, 2008 9:12 am

Bridgeline Software (BLSW) to Report 3rd Quarter Results August 7, 2008

Bridgeline Software (BLSW:NASDAQ) is a developer of web application management software and web applications that help organizations optimize business processes. The company currently has over 600 customers ranging from middle-market organizations to divisons within Fortune 1000 companies that include: Berkshire Life, PerkinElmer, Budget Rent-A-Car, Honeywell, Mariott Intl., John Hancock, and the AARP. Bridgeline Software helps customers cost-effectively maximize the value of their rapidly changing web applications. The company's teams of developers specialize in web application development, usability engineering, rich media development, and search engine optimization. On August 4, 2008, Bridgeline Software announced that financial results for the company's 3rd quarter…

MondayAug 04, 2008 7:39 am

Tornado Gold International Corp. (TOGI.OB), Pulling its Weight in Gold, Announces $4M Financing, New Member to Board of Directors

Tornado Gold International Corp. operates in Nevada as an exploration company focused on the exploitation of gold deposits in excess of 7 million ounces. The company is backed by a team of explorers with decades of experience in targeting gold-laden properties and discovering massive gold deposits. The company today announced it has closed more than $4 million in equity financing to date, at an average cost of $0.20. According to the press release, Tornado gold will use the proceeds to further its land acquisition and exploration efforts. Tornado Gold also announced the appointment of Larry Kornze, P. Eng., to the…

MondayAug 04, 2008 7:38 am

Element 21 Golf Company (ETGF.OB) Scandium Shafts Win World Golf Championships

Element 21 Golf Company, the manufacturer of advanced Scandium Alloy golf and fishing equipment, has announced that the player who won the Bridgestone Invitational Golf Championship this past weekend used Element 21 Scandium shafts. The player, who was not named in the company’s announcement, has been using the Scandium shafts on an UNENDORSED basis since the summer of 2007, when he switched over. According to the announcement, the unnamed player has a reputation as being the hardest-working professional golfer, hitting thousands of golf balls on the practice range daily and playing in numerous events worldwide each year. Following his switch…

MondayAug 04, 2008 6:17 am

KSW Inc. (KSW) Announces Solid Second Quarter Results

KSW, Inc. (KSW), an installer of heating, ventilation, air conditioning (HVAC) and process piping systems, and provider of engineering services in New York City, reported second quarter financial results this morning. Revenues increased 13.9% year over year to $22.0 million. Net income increased 28% to $1.1 million, or 17 cents per share, vs. $860,000, or 14 cents per share for the same period last year. Backlog of funded projects reached a record $139.1 million at quarter’s end. Chairman of the Board Floyd Warkol commented, “KSW’s revenues rose this quarter as work began on previously delayed jobs. We have added $70…

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