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MondayMar 03, 2008 3:31 pm

Wave Systems Corp (WAVX) Sells 3,173,500 of Class A Common Stock

Wave Systems, a leading programmer of dependable computing solutions and services, has announced that it has agreed to sell 3,173,500 shares of its Class A common stock at the price of $1.10 per share, giving gross total amount derived of approximately $3.5 million. Five-year warrants will be given to private placement investors to purchase a collection of 952,050 shares of Wave’s Class A Common Stock for $1.15 per share. Approximately $3.3 million (net proceeds of the financing) will be used to fund Wave Systems ongoing operations. CEO of Wave Systems, Steven Sprague said, “The need for hardware security solutions to…

MondayMar 03, 2008 3:26 pm

FluroPharma Medical, Inc. (FPMI) Reports Positive Phase I Safety Results for CardioPET

FluoroPharma Inc., a company developing breakthrough cardiovascular molecular imaging agents for the Positron Emission Tomography (PET) market, announced positive Phase I safety results for CardioPET, the company’s lead product. The trial was designed to evaluate safety, distribution and dosimetry of CardioPET as a PET tracer for myocardial imaging in healthy subjects and patients with Coronary Artery Disease (CAD). Dr. David Elmaleh, Chairman and scientific founder of FluoroPharma, presented findings from the Phase I trial at the “Clinical Trials Update” session at a Society of Nuclear Medicine conference in Denver, CO. CardioPET is a novel metabolic cardiac PET imaging agent that…

MondayMar 03, 2008 2:49 pm

March 3rd CEOcast Weekly Newsletter

Stocks fell sharply Friday after a series of worrisome economic and corporate reports as well as high oil prices stoked concerns about the health of the economy. The major stock indexes all declined this week as the Dow Jones industrials lost 115 points, bringing its year to date loss to 7.5%. The Standard & Poor's 500 index lost 22 points to bring its year to date loss to 9.4% and the Nasdaq composite index declined 32 points, exacerbating its year to date loss to 14.4%. The Russell 2000 also declined with a loss of 9 points, to bring its year…

MondayMar 03, 2008 1:22 pm

OTCPicks Featured Company: WENR Corporation (WNRC.PK) Announces Completion of Ground Testing; Saw a Rise of 44.00% on Friday

WENR Corporation (OTC: WNRC) announced that Airship Surveillance has successfully completed ground testing of its proprietary airship control system. Based out of Nevada, Airship Surveillance is a high technology airship company. Working through vectoring thrusts from the airship’s primary propulsion engine, and the added use of veneer thrusters, the system was created to maximize the maneuverability of the company's line of unmanned airships during the critical takeoff and landing phases of flight. Airship Surveillance is currently in the developmental stages of advanced unmanned airships that are designed to fulfill a wide range of roles ranging from surveillance to environmental monitoring.…

MondayMar 03, 2008 1:19 pm

OTCPicks Featured Company: Clean Coal Technologies, Inc. (CCTC.PK) Signs Agreement with Benham In Support of Clean Coal Technology

Clean Coal Technologies, Inc. (OTC: CCTC) announced an agreement with The Benham Companies, LLC, that supports commercialization of CCTI's coal cleaning plants in China. SAIC has supported CCTI in the past and its predecessor companies since 1996. The previous support was in regards to the advancement of CCTI's proprietary technology to pre-process coal for removal of up to 90% of pollutants and excess moisture before use as a clean-burning fuel in coal-fired power plants. With the agreement, the company saw a rise of 52.46% on Friday. Having support from the US Department of Commerce, CCTI plans to build modular front-ends…

MondayMar 03, 2008 11:24 am

StockGuru Featured Company: General Metals, Inc. (GNMT.OB)

General Metals, Inc. identifies, acquires, explores, and develops gold, silver and other precious metals properties. The Company has rights to 14 mining claims spread across a 240 acre property known to be rich in gold and silver. General Metals Corporation controls 100% of The Independence Mine, located in the Battle Mountain Gold District of northern Nevada and forms an island in Newmont Gold’s Phoenix Mine. Newmont is spending in excess of $3 billion dollars to develop the Phoenix Mine into the largest operating gold mine in the US. The Phoenix Mine has several million ounces of gold and several hundred…

MondayMar 03, 2008 11:12 am

Pay 88 Inc. (PAYI.OB) Reports Increased Revenues of Nearly 300%

Pay 88 Incorporated, a provider of prepaid digital cards focusing on online multiplayer games, today announced financial results for the fourth quarter ending December 31, 2007. Revenues for the fourth quarter of fiscal ‘07 were approximately $4.25 million, up 297% from the previous quarter. The increase was driven by broad-based growth across the company's range of products and services, and their carefully executed expansion into new targeted markets. Pay 88 still has plenty of room for growth. China, with more than 137 million active Internet users, has the second largest online user base in the world, second only to the…

MondayMar 03, 2008 11:05 am

FlexSCAN, Inc. (FXSC.OB) Has Changed its Name to Aperture Health, Inc. (APRE.OB)

From its inception, flexSCAN, Inc. has gone through many changes. The company was originally incorporated in 1991, as Fuel Corporation of America. In July of 2005, Fuel Corporation merged with FCA Acquisition Corp., a wholly owned subsidiary of Fuel Corporation, and flexSCAN, Inc. Finally in September 2005, Fuel Corporation merged into flexSCAN, Inc. At the time of the merger, flexSCAN was providing healthcare information and services, primarily high technology medical information management to the healthcare consumer, along with a unique incentive program designed to abate the rising costs of healthcare. The company has grown since then to offer more products…

MondayMar 03, 2008 10:10 am

Beacon Equity Research Featured Company: General Metals, Inc. (GNMT.OB)

General Metals, Inc. (GNMT.OB) identifies, acquires, explores, and develops gold, silver and other precious metals properties. The Company has rights to 14 mining claims spread across a 240 acre property known to be rich in gold and silver. General Metals Corporation controls 100% of The Independence Mine, located in the Battle Mountain Gold District of northern Nevada and forms an island in Newmont Gold's Phoenix Mine. Newmont is spending in excess of $3 billion dollars to develop the Phoenix Mine into the largest operating gold mine in the US. The Phoenix Mine has several million ounces of gold and several…

MondayMar 03, 2008 10:00 am

Beacon Equity Research Featured Company: Global General Technologies, Inc. (GLGT.PK)

Global General Technologies, Inc. (GLGT.PK), through its wholly owned subsidiary H7 Security Systems, Inc., engages in the design, implementation, and maintenance of surveillance systems and products for homeland security markets. These surveillance systems and products serve as early warning systems for the protection of key infrastructure assets. Global General Technologies provides sophisticated technology and simple-to-execute solutions designed to prevent threats by determining the possibility of a threat on certain predetermined criteria. The company’s technology integrates high quality visuals, sound, seismic and thermal sensors with satellite technology and robotics, primarily catering to the requirements of oil refineries, port terminals and military…

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