Blog - Page 4752 of 5627

ThursdayMar 20, 2008 1:21 pm

Silverstar Holdings, Ltd. (SSTR) Completes Convertible Debt Financing of $7.5 Million

Silverstar, an international publisher and developer of interactive entertainment software, has completed a $7.5 million four-year fixed interest secured convertible debenture. The Company will use about $3.9 million of the proceeds to complete the final earn-out payment for acquisition of Empire Interactive, a leading developer and publisher of interactive entertainment software games. Interest of 9% per annum is payable in cash or kind for the term of the loan subject to certain volume requirements. The conversion price is $1.20 per share and includes mandatory conversion provision at $2.40 per share or double the exercise price. The agreement also includes warrant…

ThursdayMar 20, 2008 1:13 pm

Oncology Med, Inc. (ONCO.PK) Executes Second Contract for New Branchytherapy Program

Oncology Med, Inc., a public company engaged in the fulfillment of services related to the treatment of various cancers, announced the execution of a second contract for its new Brachytherapy programs with an ambulatory surgical center located in the Northeastern U.S.. Brachytherapy is the treatment of prostate cancer through the implantation of radioactive seeds. The contract will add $300,000.00 in revenues over the next year, increasing the Company’s run rate by 15% over 12 months. “I’m extremely pleased with the execution of our second contract for our new prostate cancer brachytherapy program,” said Dr. William J. Walker, Chairman of Oncology…

ThursdayMar 20, 2008 1:07 pm

Lumera Corp. (LMRA) Signs $2.2 Million Contract with U.S. Air Force Research Laboratory

Lumera Corp. (NASDAQ: LMRA) today announced it has secured a $2.2 million contract with the U.S. Air Force Research Laboratory to fabricate low driving voltage, electric-optic modulators using Lumera’s organic polymers. Lumera designs electro-optic components based on its proprietary polymer compounds for the telecommunications and computing industries. The company’s wholly-owned subsidiary, Plexera Bioscience LLC, allows Lumera to engage in the life sciences market with tools, content and methods used to simplify and accelerate proteomic discovery for therapeutic antibodies as well as predictive biomarkers. “Current concepts of phased array radar and high-performance satellite systems require high-bandwidth electro-optic modulators with low driving…

ThursdayMar 20, 2008 11:51 am

Midway Games, Inc. (MWY) Tries to Rebound as Zucker Steps Down, Booty Takes the Helm

Midway Games, Inc. (MWY) announced Thursday that Matthew V. Booty will serve as interim chief executive and president when current Chief Executive David Zucker steps down. Booty, who has worked with Midway - a developer and publisher of interactive entertainment software - since 1991, served most recently as senior vice president of Worldwide Studios. The company’s board of directors says it is searching for a new president and CEO. “I look forward to helping Midway’s Board choose an outstanding new CEO and I am pleased that we already have some highly qualified candidates in mind,” said Sumner M. Redstone, CEO…

ThursdayMar 20, 2008 11:48 am

Angstrom Microsystems Inc. (AGMS.OB) Super Blade Servers are Perfect for Large Cluster Farm Installations

The company’s line of Super Blade servers offers a number of advantages and improvements over tradition Server systems, allowing customers to replace standard rack mount servers for optimum efficiency. These improvements are all provided at a lower cost than Standard rack mount servers. The Super Blade servers are designed specifically for Supercomputing and clustering deployments. Angstrom’s line of Super Blades provides a number of unique advancements to customers, the first being higher manufacturing and product design quality. These units also provide better cooling and have far less points of failure. Another advantage is their compatibility with standard components, which allows…

ThursdayMar 20, 2008 10:59 am

MyECheck, Inc. (MYEC.OB) Signs Agreement with Another Online Retailer

MyECheck recently added more online retailers to its Online Check Service, sending a vivid message to consumers that it is okay to pay by check online. The latest retailer to sign on is MySolitaire.com. MyECheck is a leading provider of alternative payment solutions to credit cards for brick & mortar, internet and mobile commerce. The Company’s patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit. This solution allow companies to use the check payment alternative at a much lower cost than credit or debit cards, thus providing online merchants financial access to more consumers…

ThursdayMar 20, 2008 10:51 am

OTCPicks Featured Company: Fortress Financial Group, Inc. (FFGO.PK) Pursues Transition of Becoming a Consumer Finance Products Group

Fortress Financial Group, Inc. (OTC: FFGO) recently announced the active pursuit of its stated strategy, which is to become a broad-based consumer finance products group. Negotiations to facilitate this strategy are currently taking place with significant parties. Several acquisitions are expected to take place in the near future. The company has confirmed in-depth discussions regarding the acquisition of a small State Chartered Bank. With this acquisition, the company hopes to grow the profits from its domestic debit card program at a substantial rate, since the company - under the terms of the proposed agreement - would receive all profits from…

ThursdayMar 20, 2008 10:46 am

Dutch Auction Results Are In: Diamond Management & Technology Consultants, Inc (DTPI) to Buyback of 2.7 Million Shares

Diamond Management & Technology Consultants, Inc. (DTPI) announced that it will buy back 9 percent, or 2.7 million shares, of its own stock for $6 per share, or a total of $15.9 million. The buyback is a result of the management and technology consulting firm’s Dutch auction that was announced last month and expired on March 11. Diamond’s Dutch auction began on February 12, 2008 and lasted for 20 business days. The company plans to finance the repurchase from its existing cash and cash equivalents balance, which was approximately $65 million as of December 31, 2007. Morgan Stanley served as…

ThursdayMar 20, 2008 9:56 am

HotOtc Featured Company: Planet Resource Recovery (PRRY.PK) Sees a Solid Predictable Path to Oil Revenue in the Near Term

Oil reserves are difficult to assess, often leading to rumors in the U.S. and elsewhere that oil is running out, or at least running low. These rumors are often fueled by inadequate extraction technologies, or a perception that the country as a whole is using too much oil. Now, however, technology has caught up with those “dry wells”. The U.S. may still be pumping less domestically, but with new additives and pumping chutzpa, the market is flowing again. Planet Resource Recovery Inc., a holding company, works to develop companies and products that offer oil recovery and waste oil remediation artifacts…

ThursdayMar 20, 2008 9:32 am

Rudy Nutrition, Inc. (RUNU.PK) Sales Broker Network Expansion Continues

Rudy Nutrition, Inc. announced that its growing sales broker network just got bigger. It’s healthy new age beverage line has continued to gain name brand recognition and the company has been consistently announcing the signings of influential sales brokerages nationwide. Rudy Beverage said that it will continue to strategically sign on brokers as market demand dictates. Further details of the expansion taking place will be announced as new alliances with other brokers are formed. In order to accelerate awareness and drive additional coverage expansion, the Company intends to participate in upcoming industry conventions. Rocky Brandonisio, President of Rudy Nutrition, Inc.…

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