Blog - Page 4664 of 5517

WednesdayMar 12, 2008 5:21 am

Keryx Biopharmaceuticals, Inc. (KERX) Drug Fails FDA Trial But CEO States It’s Not The End Of Keryx

Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) had disappointing news on March 7, 2008. They announced that their Sulonex SUN-MICRO Phase 3 clinical trial failed to meet the primary objective of the study. This Phase 3 trial was for the treatment of diabetic nephropathy. Michael S. Weiss, the Company's Chairman and Chief Executive Officer, commented, "We are all very disappointed with the outcome of this study. While this represents the end of one chapter for Keryx, it is not the end of Keryx. Drug development is inherently risky and, accordingly, we have spent the last several years building what we believe to…

WednesdayMar 12, 2008 4:13 am

More than Business in Hi-Shear Technology Corp. (AMEX: HSR) Stock Ownership

The Most Recent Quarter ended November 2007 has been nearly pyrotechnic for this company. Net income has jumped 67%, while sales have grown by about a third. The stock market has responded as can be expected to this spectacular business performance. However, there is more than commerce in owning and holding this stock from the Aerospace & Defense Industry. The company provides pyrotechnic canisters and firing systems to NASA and the US Air Force. The technology of emitting colored flares has important civilian applications as well. The business is relevant for all military and strategic allies of the United States.…

WednesdayMar 12, 2008 4:10 am

Oxford Industries Inc. (NYSE: OXM) Management Has a Credible Business Strategy

No company, big or small, can escape the business cycle altogether. All stocks are affected by macroeconomic factors beyond management control. Therefore, guidance about a relatively staid year should not deter the long-term and professional stock investor. Buy, hold, and sell decisions must sometimes be based on management statements, rather than on numbers alone. This company is a typical example of stock support based on earnings guidance. The recent management statement about this company’s prospects in 2008 are as reassuring as calming words from the cockpit of an aircraft approaching turbulent weather. There is no doubt that near-term business prospects…

WednesdayMar 12, 2008 4:06 am

Alliance Recovery Corp. (ARVY.OB) is a Diverse Group of Committed People

In order to drive its commitment to minimize reliance on fossil oil, the company has assembled a dedicated team of professionals. They are intent on securing a better future for the US and other Countries that are highly reliant on fossil oil. The company’s name actually stands for “An alliance of diverse, committed people”, according to CEO Peter Vaisler. Mr. Vaisler since 1995 has worked to develop the energy conversion technology with a team of third party engineers and scientists. He coordinated the operations and ensured that the Rubber to Fuel Oil conversion process was a feasible and commercially viable…

WednesdayMar 12, 2008 3:56 am

Clek Media Inc. Announces $10 Million Fund.com, Inc. (FNDM.OB) Domain Sale

Clek Media Inc., (Clek) a digital media consulting firm dedicated to enhancing the value and financial returns of its clients specializing in helping companies develop intellectual property in the digital space, announced it has brokered the domain Fund.com, a world record domain sale, in a cash closing transaction. Clek Media believes that the purchase of FUND.COM for almost $10 million is the highest price ever paid for a domain name, as it tops what is reported in the current Guinness Book of World Records. Historically, the previous highest price ever paid for a domain name was $7.5 million in 1999…

WednesdayMar 12, 2008 3:50 am

Airspan Networks Inc. (AIRN) Announces its Agreement with Gilat Satellite Networks Ltd. (GILT)

Airspan, a leading worldwide provider of wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, announced yesterday that it has entered into an OEM agreement with Gilat Satellite Networks Ltd., a leading provider of products and services for satellite-based communications networks. Gilat will resell Airspan’s WiMAX products worldwide on a non-exclusive basis, according to the terms of the agreement. The agreement will allow Gilat customers to gain support for their needs of broadband wireless access and satellite communications through the solutions provider. Gilat plans to distribute Airspan’s WiMAX solutions globally to its…

WednesdayMar 12, 2008 3:46 am

MRV Communications, Inc (MRVC) Announces that Guy Avidan is Appointed Chief Financial Officer Effective Immediately

MRV, a leading provider of network equipment and services as well as optical components, has named Guy Avidan, previously serving as VP and General Manager of MRV, Chief Financial Officer of the Company. January 2nd, 2008, Chris D. King joined MRV as Vice President, Finance and Chief Compliance Officer. Noam Lotan, MRV’s President and Chief Executive Officer said, “Over the last 8 months Guy Avidan has done an outstanding job as our acting CFO and we are pleased to confirm his appointment to the CFO position. We feel Guy will continue to add tremendous value in this role based on…

TuesdayMar 11, 2008 5:27 pm

MedeFile International, Inc. (MDFI.OB) Noted as a “Stock to Watch” by Elite Financial Communications Group

MedeFile International, Inc. (OTCBB:MDFI), a company specializing in electronic medical records management solutions, was recently announced as a “Stock to Watch” by Elite Financial Communications Group. MedeFile’s objective is to revolutionize the healthcare industry and empower patients by providing a secure solution for acquisition, organization and management of all medical, dental and general health records and images. Harnessing the ease and availability of the Internet, MedeFile users can instantly access their subscriber information from anywhere in the world. As part of the MedeFile service, each member is provided with a MedeDrive, an external USB drive that contains all of the…

TuesdayMar 11, 2008 5:19 pm

Fund.com, Inc. (FNDM.OB) Appoints New President with More than 20 Years Experience in Wealth Management and Securities

Fund.com, Inc. (OTCBB: FNDM) today announced the appointment of Gregory H. Webster as president of the financial services information publisher, effective immediately. Webster’s previous experience in wealth management and the securities industry exceeds 20 years and will assist him in his new role overseeing product development, acquisitions, licensing deals and partnerships. "Fund.com shareholders will benefit from Greg's deep asset management experience and his accumulated professional knowledge about all aspects of funds and fund management," Ray Lang, CEO of Fund.com stated in the press release. "With Greg's contributions, Fund.com will establish itself as the authoritative online source for information about the…

TuesdayMar 11, 2008 3:33 pm

Zila Inc. (ZILA) Reports Robust Revenue Growth; Stock Surges Nearly 9%

Shares of Zila Inc. (ZILA) soared nearly 9% Tuesday to close at 62 cents after the oral diagnostics company announced its sixth consecutive quarter of robust revenue growth, including a 136 percent increase in sales of its flagship ViziLite® Plus product during the second quarter of 2008. The Phoenix-based company saw gross profit grow to $6.2 million from $4.1 million during the prior-year period, bolstered by higher sales of ViziLite® Plus, which the company began marketing directly to dental offices last year. Net revenues increased 47% to $10.5 million, while combined sales of the company’s other products, excluding ViziLite® Plus,…

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