Blog - Page 4817 of 5482

SundayDec 23, 2007 2:02 pm

Magna Entertainment Corp (MECA) Announces Agreement to Sell Excess Real Estate

Magna Entertainment Corp (MECA) announced that the company has entered into an agreement to sell 225 acres of excess real estate located in Ebreichsdorf, Austria. This property is to be sold to a subsidiary of Magna International, utilized solely for their automotive business venture. The closing of the transaction is expected to occur during the first quarter of 2008, pending satisfaction of customary closing conditions. Such conditions include obtaining all necessary regulatory approvals and licensing arraignments. The net proceeds received on closing will be used entirely to repay debt. Blake Tohana, Executive Vice-President and Chief Financial Officer of MEC, commented…

FridayDec 21, 2007 6:31 pm

SIGA Technologies, Inc. (SIGA) CEO Selected to Serve as Member of National Biodefense Science Board

SIGA Technologies, Inc. (SIGA), a company specializing in the development of pharmaceutical agents, announced the appointment of the company's Chief Executive Officer, Dr. Eric Rose, to serve as an inaugural member of the newly formed National Biodefense Science Board [NBSB]. The NBSB was created through the guidance of the Pandemic and All-Hazards Preparedness Act, initially constructed in December 2006. The NBSB seeks to provide expert advice and guidance to the Secretary of the Department of Health and Human Services regarding activities to prevent, prepare for and respond to adverse health effects of public health emergencies. These health emergencies can arise…

FridayDec 21, 2007 6:29 pm

CryoPort, Inc. (CYRX.OB) Ships Stem Cells for Celprogen

CryoPort, Inc. (CYRX.OB) announced that the company has successfully shipped stem cells from Southern California to Australia through the use of the CryoPort Express Shipper. Celprogen's CEO, Jay Sharma, commented, "The CryoPort Express shipper has provided a more secure, cost-effective alternative to dry ice as we ship our stem cell research and therapeutic products to customers around the world. In addition to Australia, we have successfully utilized the CryoPort Express shipper for shipments to many diverse locations, such as South Africa, Japan, United Kingdom and Germany and have found the extra holding time an important hedge against delays that may…

FridayDec 21, 2007 6:28 pm

Points International Ltd (PTSEF.OB) Offers New Way to Collect BA Miles

Points International Ltd. (PTSEF.OB) announced that the company has partnered with British Airways to introduce the BA Miles e-Store. The BA Miles e-Store will allow British Airway's customers to earn frequent flier miles when they purchase items online through this store front. Currently, the BA Miles e-Store consists of over 100 retailers, including johnlewis.com, HMV.com, comet.co.uk, waterstones.com and applestore.co.uk. Customers will be awarded between 2 and 12 BA Miles per pound spent, depending on the retailer. Rob MacLean, CEO of Points International, stated, "We are pleased to work with one of the world's premier Airlines, to create the BA Miles…

FridayDec 21, 2007 6:23 pm

Beacon Equity Research Featured Company: Hendrx Corp. (HDRX.OB)

Hendrx Corp. (HDRX.OB) is focused on researching, developing, manufacturing, marketing, and distributing water generators, filtration, ionization, and purification devices worldwide. The Company has an array of products which include Atmospheric Water Generators, Alkaline Calcium Ionic Water Dispensers, Reverse Osmosis units, Reverse Osmosis under sink systems and Carbon Filtration devices. The company possesses revolutionary Atmospheric Water Generator Technology that can produce safe and drinkable water from the humidity contained in the air. No plumbing or any other type of external water source is needed. The technology advantageously follows the natural process of the water cycle to capture water in its gaseous…

FridayDec 21, 2007 6:18 pm

Beacon Equity Featured Company: Open Energy Corp. (OEGY.OB)

Open Energy Corp. (OEGY.OB) is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering cost-competitive electricity, fresh water and related commodities on a global basis. SolarSave, part of Open Energy, manufactures roofing membranes, roofing tiles, and custom architectural PV glass. The products developed and manufactured by SolarSave have the ability to bring solar power to consumers’ houses. The company recently posted a press release, noting the solar power boom in California. In 2007, Sacramento had more than 3,000 homes under construction, or planned construction, to be built with preinstalled solar systems.…

FridayDec 21, 2007 4:27 pm

Intelligentias (ITLI.OB) has Strong Strategic Relationships with Customers, Suppliers and Resellers

Within the fast growing market of IT security products Intelligentias has developed a strong customer base that is growing. They have also secured a number of value added reseller partnerships giving its group of companies a firm strategic position within the market of data retention. Currently they provide data retention and management to a number of companies and government organizations, consisting of law enforcement agencies, ISP’s and enterprises worldwide. They include Telecom Italia, Telecom Italia Mobile, Fastweb, Ferrovie Dello Stato, Italian Ministry of Defense, 3 Mobile Media Company as well as a handful of other companies. At present their software…

FridayDec 21, 2007 9:41 am

Chembio Diagnostics, Inc. (CEMI.OB) Announces Completion of Plan to Simplify Capital Structure and Raise $1.1 Million

Chembio announced today that it has finished executing its plan to simplify its capital structure. As specified under the terms of the plan, all of the Company's shares of Series A, B and C convertible preferred stock were converted into common stock. As a result, the Company's capital structure now includes approximately 60.5 million shares of common stock outstanding, and 21.9 million warrants and options outstanding. One of the conditions needed to be met before implementing the plan was that Chembio had to raise at least $1.0 million via the cash exercise of outstanding warrants. The Company exceeded this condition…

FridayDec 21, 2007 9:18 am

Intelligentias, Inc. (ITLI.OB) Sees Companies Worldwide Increase Spending on Data retention

After the events of 9/11, the US and other governments have significantly increased spending for IT security. Organizations are also seeing an increasing need for IT security as technology attacks continue to grow. The stringent government rules and regulations have many companies scrambling to comply. Through its companies Intelligentias provides a number of Data retention, tracking and management software. The Company continues to see their markets grow rapidly. One of their target markets, the SCC market for products aimed at security compliance, is expected to grow to $7.4 billion in 2010. Global Data storage markets are increasing as well up…

FridayDec 21, 2007 9:00 am

Pressure Biosciences, Inc. (PBIO) Posts Recognized Revenue Increases

Pressure Biosciences (NASDAQ: PBIO) recently announced its September 2007 quarter highlights for the period ended September 30, 2007. The company posted revenue of $138,052, as compared to $92,211 for the same period in 2006. Revenue from the sale of the company’s Pressure Cycling Technology (PCT) sample preparation products and services was $106,787; up from $92,211 from the same period last year. The increase in revenue is attributed to increased installations of PCTs, which rose to eight installations in the 2007 quarter, as compared to three for the same period of 2006. The company also sold two Barocycler NEP3229s, four Barocycler…

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