Blog - Page 4784 of 5667

TuesdayMar 25, 2008 7:00 pm

JP Morgan (JPM) Offer Raised For Bear Stearns (BSC)

On Monday, JP Morgan-Chase (NYSE: JPM) offered what amounts to $10 a share for troubled investment bank Bear Stearns (NYSE: BSC). JP Morgan altered its original offer from roughly one week ago which was valued at around $2 per share. Shareholder outrage and concern over the controversial nature of the first proposed deal undoubtedly played a part in crafting the revised offer. The new offer is roughly five times the price of the original offer, or around $1 billion for 39.5% of the company. The total valuation of Bear Stearns, in light of this proposal, would be slightly over $2…

TuesdayMar 25, 2008 6:33 pm

Modavox, Inc. (MDVX.OB) Announces Ray Ellis as Network Director of VoiceAmerica™ Sports Network

Modavox, Inc. (MDVX.OB) announced that as of March 24th Ray Ellis has assumed the role of Network Director of VoiceAmerica™ Sports Network. VoiceAmerica™ is the single largest producer of Internet Radio broadcasting worldwide. Mr. Ellis will direct his attention to expanding the business opportunities, advertising sales, and content production of the VoiceAmerica™ Sports Network. Prior to his new role with Modavox, Mr. Ellis founded Kerwin Company, a media technology firm. With his background in technology and his experience starting up a firm, Mr. Ellis brings the sort of expertise that helps new companies handle the usual obstacles. While at Kerwin,…

TuesdayMar 25, 2008 6:22 pm

Reed's Inc. (REED) Names Neal Cohane Senior Vice President of Sales and Marketing

Reed's, Inc. (NASDAQ: REED), an international gourmet and natural foods company, recently announced that Neal Cohane, the company’s senior vice president of national sales, has been promoted to senior vice president of sales and marketing. In this role, Mr. Cohane will be responsible for leading and coordinating all aspects of Reed's sales, distribution and marketing efforts. Reed's current sales strategy is to refocus its sales efforts on national chain accounts. The company intends to continue developing relationships with large beer and beverage distributors over the next 12 to18 months, but will target sales efforts on national supermarket chain account business,…

TuesdayMar 25, 2008 6:19 pm

Red Lake Exploration, Inc. (RLKX.OB) Sees Chile as Prime Area for Metal Mining Exploration

Many commodities are trading at record highs, caused by increased demand for mined materials. This mining exploration company is heavily involved in Chile, exploring the viability of a number of old and new mining sights. They use state of the art equipment and experts to determine if the site is going to be productive. They have chosen the III region of Chile in particular for a number of key reasons. When choosing a country to do business in, of upmost importance is the overall stability of the country, both economically and politically. Chile is both economically and politically stable. They…

TuesdayMar 25, 2008 2:43 pm

Platina Energy Group, Inc (PLTG.OB) Reports Production Run-Rate Estimates To Likely Exceed 50 Barrels Per Day Before April End

Platine Energy Group, an environmentally accountable, rapidly growing E&P strategic reserve company, reported fabrication run-rate estimates across holdings in Oklahoma, Kentucky, Wyoming and Texas. Validation of reserves is further solidified by gross production statistics that will likely go beyond 1,500 barrels per month. The forecasts are preliminary for oil now being produced in Kentucky, Oklahoma and Texas. Income interests fluctuate but will be further delineated in succeeding SEC filings. “During a time when the general stock market is under pressure, we are exceeding forecasted performance,” said Blair Merriam, President and CEO of Platina Energy Group, Inc. “Our primary focus remains…

TuesdayMar 25, 2008 2:39 pm

M Power Entertainment, Inc. (MPWE) Changes Name to eDOORWAYS (EDWY.OB)

eDOORWAYS, formally M Power Entertainment, Inc., a next-generation media and entertainment corporation, changed its name to eDOORWAYS Corporation. eDOORWAYS is currently pursuing a fresh business arrangement intended for the speedily emergent social networking Internet service marketplace. eDOORWAYS is in position to make a social-networking formation that both rewards and encourages the actions that reinforce regional and global creation. In nurturing co-innovation with customers, eDOORWAYS’ hub products will result in the trade of useful expertise, direct support, saleable audience stickiness and sustainable commons-focused traditions. eDOORWAYS’ web-based customer problem-solving opportunity will buoy up the resources that employ the dominance of mass collaboration…

TuesdayMar 25, 2008 2:35 pm

YANGAROO, Inc. (YOOIF.OB) Announces Launch of DMDSDirect Service

YANGAROO Inc., a patented Digital Media Distribution System service, announced the start of DMDSDirect, a service that allows the independent North American music society to have superior access to digital releases of music. The service will initially be available to member artists and labels of independent aggregators Indie911, Indie Pool, I2R, and The Manitoba Country Music Association. DMDSDirect enables independent aggregators and their associate artists and labels to digitally allocate their radio singles and promotional materials in a manner identical to that used by leading labels. DMDSDirect users will be able to decide between a wrap up of key stations…

TuesdayMar 25, 2008 11:51 am

Fund.com Inc. (FNDM.OB) Appoints Raul Biancardi to the Board of Directors

Earlier in the week Raul Biancardi was nominated to Fund.com’s board of directors. The company was pleased to announce today that Mr. Biancardi has accepted his nomination and has been appointed to the board of directors, effective immediately. This announcement comes on the heels of Greg Webster’s appointment as President, and the January announcement of Ray Lang as the company’s CEO. Ray Lang commented on the appointment by saying, "We are gratified that Raul has accepted this position and are enthusiastic about his contributions to our board of directors especially in light of his professional accomplishments in our industry at…

TuesdayMar 25, 2008 10:17 am

OTCPicks Featured Company: NeXplore Corporation (NXPC.PK) Launches New Marketing Campaign

NeXplore Corporation (OTC: NXPC) announced today the launching of a high-volume marketing initiative that is focused on the company's recently developed Web 2.0 search engine, NeXplore Search (www.NeXplore.com). The search engine was developed to bring an optimal end-user experience and rich media display, as well as social network integration. The goal of this bold marketing initiative is to attract 10,000,000 unique visitors to NeXplore Search by the close of the third calendar quarter this year. Part of the marketing initiative involves sending thirty million personalized electronic invitations per month to entice demographically targeted end users to try out the new…

TuesdayMar 25, 2008 10:10 am

GVI Security Solutions, Inc. (GVSS.OB) Chosen to Provide Nationwide Book Retailer with Surveillance Solutions

GVI Security Solutions, Inc. (OTCBB: GVSS) today announced it has been chosen to provide a surveillance security solution, equipped with Samsung Camera and DVR-based surveillance, for a major nationwide book retailer. The integrator for the project is Michigan-based Keiser Communications & Security. “GVI Samsung DVRs and cameras were the ideal choice for the demanding standards of this major nationwide book retailer,” Ed Keiser, president of Keiser Communications & Security, stated in the press release. “In my 27 years in the security industry, GVI is the best manufacturing partner I’ve worked with, consistently delivering the best customer service and technical support.”…

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