Blog - Page 4752 of 5608

WednesdayMar 12, 2008 5:14 pm

Fed Moves to Shore Up Credit Markets

The Federal Reserve Tuesday decided to lend $200 billion to primary dealers on a 28-day basis, hoping to restore greater liquidity in the credit system. Twenty investment firms who function as primary dealers will be able to borrow Treasuries against Fannie Mae and Freddie Mac issued-collateral backed mortgage securities. To make even more money available and flow through the system, AAA-rated mortgage securities that banks issue will also be accepted as security. These triple-A mortgage-backed securities have been the ones investors have been reluctant to purchase recently, with the concerns due to risk. The government backed Fannie Mae (NYSE: FNM)…

WednesdayMar 12, 2008 5:04 pm

Shares of Diamond Management & Technology Consultants, Inc. (DTPI) Shine After Dutch Auction Results Are Announced

Shares of Diamond Management & Technology Consultants, Inc. (DTPI) jumped 7.6% to an intraday high of $6.36 after the company announced the preliminary results of its Dutch auction in which it expects to acquire 2.65 million shares at $6 per share for a total purchase price of $15.9 million. These shares represent approximately 9% of the 29.7 million outstanding as of February 29, 2008. Morgan Stanley served as the dealer manager for the tender offer, and BNY Mellon Shareowner Services served as the depository and information agent. Final results for the tender offer will be determined subject to confirmation by…

WednesdayMar 12, 2008 4:54 pm

Stratos Renewables Corp. (SRNW.OB) Plans to Further Success with Three Steps

According to Stratos Renewables Corp. (OTCBB: SRNW), U.S. energy policies will create a market for up to seven billion gallons of renewable fuel by 2012. In the upcoming years, many countries including Brazil, Peru and Canada will mandate that gasoline contain a certain percentage of ethanol. Blending mandates are enforced as part of the global effort to produce cleaner burning fuels while creating new agricultural markets. Focused on becoming a leader in Latin America’s growing renewable energy market, Stratos operates the Estrella del Norte sugar cane production facility in Peru. In three strategic steps, Stratos intends on leaving its footprint…

WednesdayMar 12, 2008 4:47 pm

Cord Blood America, Inc. (CBAI.OB) Shares Spike on Client Reference

Shares of Cord Blood America (OTCBB: CBAI) slowly declined to a close of 2 cents this afternoon, a natural descent after shares spiked to 4 cents Monday morning. Shares began climbing last week when the company released testimony of a client that recently used Cord Blood’s umbilical cord blood storage. "I have never experienced greater satisfaction than the gift of preserving my granddaughter's cord blood stem cells,” Greg Smith, CEO of Mountain State Blue Cross Blue Shield, said in a statement. "The thought of possibly protecting Gracie from a serious disease long after I'm gone is an incredible feeling. I…

WednesdayMar 12, 2008 4:45 pm

Undiscovered Equities Restates Buy Rating for American Oil and Gas, Inc. (AEZ) with a Target Price of $8.50

American Oil and Gas, Inc. (AEZ), an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region, recently received a reiterated buy rating from Undiscovered Equities with a target price of $8.50. As reported by Undiscovered Equities, the stock has traded on low volume this week; however, American Oil and Gas recently released proved reserve estimates for the company’s three wells with EURs of close to 3.0 bcfe, which exceed modeled expectations of 2.2 bcfe. Undiscovered Equities cautions that American Oil and Gas is still a very early-stage company,…

WednesdayMar 12, 2008 12:26 pm

Uranium Energy Corp. (UEC) Acquires Rights to Historic Uranium Database

Today officials from Uranium Energy Corporation proudly announced that the company has completed the acquisition of the historic Kerr-McGee uranium database from Tronox Worldwide LLC, a spin-off of the former uranium-producing giant. This database is considered to be one of the largest of its kind, encompassing information on nearly all of North America and Australia. UEC will put the database to immediately use by reviewing and prioritizing the data in order to coordinate with current projects and future explorations. The database consists of approximately 300 containers of maps, geologic reports, prospects, assays, electric logs of exploration and development drill holes,…

WednesdayMar 12, 2008 12:15 pm

Purple Beverage Company, Inc. (PPBV.OB) to Hit Southern California Hot Spots

Purple Beverage Company, Inc. (OTCBB: PPBV) today announced the completion of a distribution agreement with Haralambos Beverage Company, which represents Snapple, Vitaminwater, Corona and Corona Light in retail stores, delis and various social locations such as hotels, restaurants, nightclubs and bars. Per the agreement, Haralambos will present Purple to the Los Angeles, Orange, San Bernardino and Riverside counties. “We are very excited to partner with Haralambos Beverage Company to introduce Purple into this thriving beverage market,” Purple Beverage founder and CEO Ted Farnsworth said in the press release. “As one of the largest distributors in Southern California, Haralambos Beverage Company…

WednesdayMar 12, 2008 11:10 am

Reed’s, Inc (REED) Announces Virgil’s Root Beer will be “On Tap”

Reed’s Inc. (REED) announced today that its Virgil’s Root Beer will be distributed as a draught choice in New England and Southern California by the end of this month. With the non-alcoholic beverage industry worth nearly $7 billion in 2004, along with the surge of demand for energy and specialty drinks on the rise, Reed’s choice to enter into the draught soda business is timely. "We are very excited that Virgil's leading line of beverages will now include a draught Root Beer,” said company founder and CEO, Christopher Reed. "Most micro-breweries generate 30-50% of their business from draughts and we…

WednesdayMar 12, 2008 10:38 am

e.Digital Corporation (EDIG.OB) Plans to be On Demand this Year

The best way to start or end any vacation is to relax on a long flight to your destination. Often times we hope that the airline has a good in-flight movie because this is a leisure trip and our laptops should be at home. But who wants to watch a movie you’ve already seen or miss the good part because a trip to the bathroom was necessary? Fortunately for us airlines are now utilizing companies like e.Digital which offers On Demand Services. e.Digital Corporation provides secure portable video and audio On Demand products to the airline industry, as well as…

WednesdayMar 12, 2008 9:36 am

Pressure BioSciences, Inc. (PBIO) Reports 2007 Financial Results and Provides Business Update

Pressure BioSciences, Inc. announced its total revenue for 2007. Revenue for the year totaled $645,870, a significant rise compared 2006’s revenue of $210,289. An increase in sales of PCT products and services was primarily attributed to the increase in revenue. According to Pressure BioSciences, 20 PCT Systems were installed during 2007, which is more than double the 8 that were installed in 2006. An increase in the number of PULSE Tubes and ProteoSolve-LRS Kits sold also contributed to the substantial increase in revenue. In addition, the Company recorded $246,083 of grant revenue during 2007, while no grant revenue was reported…

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