Blog - Page 4689 of 5554

MondayMar 17, 2008 6:59 pm

Fed Steps in on Bear Stearns (BSC) Deal

In an unusual move, the Federal Reserve took action late Sunday night to intervene in the Bear Stearns (NYSE: BSC) situation to stave off a possible crisis in the financial markets. After a weekend of meetings, the Fed, which had already declared on Friday that it would largely assume the risks in a proposed purchase of Bear Stearns by fellow investment bank JP Morgan-Chase (NYSE: JPM), took a greater role in this latest action. The Fed, in effect, will not only back the acquisition of Bear Stearns by JP Morgan, but will make available short-terms loans for other investment banks…

MondayMar 17, 2008 6:49 pm

Universal Detection Technology (UDTT.OB) Teams with Innovative Biosensors (IBI) to Market Biological Detection Systems

Universal Detection Technology (UDTT) and Innovative Biosensors (IBI) entered into a partnership to market and distribute each other’s biosensor equipment along with their own products. Due to the complementary aspects of the products each company manufactures, a partnership between these two companies allows each to broaden the distribution of the equipment that will protect people from biohazard threats. Innovative Biosensors is based out of Rockville, MD, and develops as well as manufactures rapid testing systems for the detection of pathogens. The BioFlash system is a patented, portable, self-contained biosensor system capable of identifying up to 21 reagents in a single…

MondayMar 17, 2008 6:36 pm

Ivanhoe Energy, Inc. (IVAN) Announces New CEO in Light of Major Restructuring

Ivanhoe Energy, Inc. (NASDAQ: IVAN) today announced the appointment of Robert Friedland as the company’s executive chairman and chief executive officer, effective May 29, 2008. Ivanhoe faces upcoming corporate and management restructuring for the implementation of multiple, full scale, commercial Heavy-to-Light oil projects around the globe. Friedland’s new position designates him as responsible for corporate restructuring, finance and closing commercial transactions. According to the press release, the major restructuring efforts are expected to increase Ivanhoe’s focus on developing heavy-oil assets centered on its proprietary HTL oil-upgrading technology. "The successful conclusion of the HTL testing phase and the growing global focus…

MondayMar 17, 2008 6:31 pm

Angstrom Microsystems Inc. (AGMS.OB) Offers Data Center Cooling Technology, Sending Heat through the Roof

Angstrom Microsystems Inc. (OTCBB: AGMS) has created a revolutionary cooling solution designed to save data centers money and resources used to cool computers and other components. The company’s LiquiCool technology allows existing data centers to remain in their existing facilities while reducing the need for air conditioning by up to 30%. LiquiCool provides an array of heat exchanger technologies, such as chilled water to the rack, for data centers designed for chilled water cooling. Unlike IBM or HP technologies, these racks use less water because the racks do not need to be cooled less than 1 degree Celsius. The heat…

MondayMar 17, 2008 6:25 pm

Budget Waste, Inc. (BDGW.PK) On Track to Deliver Record Revenue for 2007

Budget Waste, Inc. (Pink Sheets: BDGW) recently announced it remains on track to realize a 55% increase in revenues over the previous year. So far, for the year ended March 31, 2008, BWI has generated an average monthly income of $1.4 million, resulting in an estimated $16.2 million for 2007, up nearly $5.8 million from the $10.4 million reported in 2006. The Calgary-based waste solutions company provides an array of services for the commercial, industrial, construction, homebuilding, oilfield and residential industries. Incorporated in 2001 as a local roll-off waste hauling company, BWI has combined its seasoned management team and years…

MondayMar 17, 2008 3:18 pm

March 17th CEOcast Weekly Newsletter

It was a volatile week of trading, with the stock market down 1.6% at its low and up 3.1% at its high. The main driver was credit and liquidity issues. In the end, the Dow Jones Industrial Average posted a loss of 57 points, adding to its year to date loss, which is now 9.9%. The Nasdaq was unchanged for the week, which stopped the bleeding of consecutive weekly losses. It is still down 16.6% year-to-date. The S&P 500 posted a slight loss of 5 points, bringing its year to date loss to 12.3%. The Russell 2000 slipped 3 points…

MondayMar 17, 2008 12:09 pm

Universal Detection Technology (UDTT.OB) has a Partnership with Security Solutions International

Universal Detection Technology (OTCBB: UDTT / FRANKFURT: PO8), a developer of early-warning bio-terrorism monitoring technologies and provider of counter-terrorism consulting and training services, has a partnership agreement with Security Solutions International - a Miami, Florida corporation that provides counter terrorism training through several highly qualified colleges, security companies and individual presenters. According to the terms of the agreement, Security Solutions International will market Universal Detection Technology’s BSM-2000 bio-terrorism detection machine to its customers and clients. In addition, Universal Detection Technology will collaborate with Security Solutions International to hold seminars and educational training sessions. With experience in corporate and security training dating…

MondayMar 17, 2008 11:38 am

DRS Technologies, Inc. (DRS) Announces $19M Five-Year Contract to Provide Vision Enhancement Systems for U.S. Marine Corps

DRS Technologies (DRS) announced that it has received a $19 million, five-year indefinite delivery indefinite quantity (IDIQ) contract from the United States Naval Surface Warfare Center in Crane, Indiana. Under the contract, DRS will provide the U.S. Marine Corps with vehicle Vision Enhancement Systems (VES). The Marine Corps will incorporate the systems onto their Joint Assault Bridge (JAB) vehicles. The work is scheduled to begin immediately. The VES is a non-developmental item DRS is providing to the Marine Corps’ JAB vehicle program by leveraging existing DRS-manufactured products currently in use by U.S. and international military forces. Since the company’s VES…

MondayMar 17, 2008 10:01 am

Stratos Renewables Corp. (SRNW.OB) Reports New President and Secretary

Last week, Stratos Renewables announced that Steve Magami, Chairman of the Board, would be taking over the role of president for the company. This came after news that the previous president, Luis Humberto, had stepped down from his position for personal reasons and not as a result of conflict with the company. Stratos also replaced Secretary Gustavo Goyzueta with Valerie Broadbent after Goyzueta turned in his resignation. Magami has considerable experience, both in renewable energy and high profile financial management. His previous occupations include private equity management, investment banking, and C-Level executive management. Magami also sits as president of Pure…

MondayMar 17, 2008 7:58 am

HotOtc Featured Company: CSMG Technologies Inc. (CTGI.OB) Finds Itself on the Right Side of $105.00 Oil

Being in the right place at the right time is half the game, or so most people say. Having the right processes and systems in place doesn’t hurt either. If a company can make the two come together at the same time and get a little help along the way, shareholders are sure to be winners. CSMG Technologies Inc., a technology management company, specializes in managing, marketing and developing companies and technologies from the Ukraine. The company's current energy recovery projects include methane gas recovery systems. In the medical field, the company is pursuing tissue welding processes designed to eliminate…

Site Search

Company Search