Blog - Page 4989 of 5434

WednesdayAug 08, 2007 5:17 am

PetroSun, Inc. (PSUD.PK) Demonstrates the Importance of Algal Oil to Invited Participants

PetroSun announced this morning that it has conducted its initial algae-to-biofuel program at Auburn and Opelika Alabama. The company’s subsidiary, AL-G-BAMA, assisted PetroSun in its demonstration to invited participants, including representatives from a Fortune 100 company and Icon Energy of Brisbane, Australia. Gordon LeBlanc, Jr., CEO of PetroSun, stated, "The purpose of these meetings is to demonstrate to potential customers that algal oil is a commercially viable alternative feedstock for the biodiesel industry. The Company intends to hold a series of these programs during August and September with biodiesel refiners and firms that are researching the use of algal oil…

WednesdayAug 08, 2007 4:55 am

Global Resource Corp. (GBRC.PK) Introduces New Subsidiary as the Company Continues to Expand

Global Resource announced that it formed a Pennsylvania based subsidiary, Pa. Energy Resources, Inc., to manage operations in the state. The company is currently pursuing projects for research, alternative energy recovery and commercial energy production in the energy-rich state of Pennsylvania, and is working towards tapping into the energy potential of coal, dredge, tire and capped oil wells Frank Pringle, CEO of Global Resource Corp., stated, “Pennsylvania holds vast amounts of natural resources that, using our process, could be cleanly and efficiently turned into energy for the United States' own consumption. Pennsylvania is the birthplace of our country's independence, and…

WednesdayAug 08, 2007 4:17 am

eBenefits Direct, Inc. (EBFD.OB) Launch of Call Center and Planned Commercials Position the Company for Greater Revenues

A wholly owned subsidiary of eBenfits Direct, L A Marketing Plans LLC, stated that it will be able to tap the largest uninsured ethnic group in the United States through the launch of its Dominican call center and with the rights to televise commercials targeted towards the uninsured Hispanic market. The ability to directly market to uninsured Hispanics will allow the company to provide discounted prices on medical services and policies. As a direct benefit of the program, those insured will receive an array of Lifestyle Services as well as additional insured benefits which can potentially save on the out-of-pocket…

TuesdayAug 07, 2007 7:34 pm

Top Closers with Big News

Public companies love to release positive news and watch the reflection in their stock prices. The following companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong. Shares of Metropolitan Health Networks (AMEX: MDF) closed up 16 cents, about 10 percent, to $1.85 this afternoon, moving on word of the company's second-quarter financials. Today the company reported its revenue increased 23 percent to $70 million, also reporting that its net income for the quarter rose to $1.5 million as compared to $404,000 the same quarter last year. The Florida-based…

TuesdayAug 07, 2007 7:33 pm

Americas Wind up 16.3 Percent

Americas Wind Energy Corporation announced several new wind turbine orders today, pushing shares up 16.3 percent late in the afternoon to 63 cents a share. According to a statement from the company, the sale was originally passed earlier in July, when Iowa-based Waverly Light and Power approached Americas Wind about purchasing a pair of wind turbines. In response, Americas Wind sold the alternative energy company two of its AWE54-900 kW wind turbines for $3.4 million. "We searched to find extremely durable units featuring direct drive technology new to this country," Glenn Cannon, the general manager of Waverly Light and Power,…

TuesdayAug 07, 2007 7:32 pm

Telanetix Experiences Outstanding Growth In Revenue

Preliminary announcements of earnings reports have driven Telanetix Inc. (OTCBB: TNXI) share prices up today. The leading technology company has increased its share price 20 cents, or 5 percent, to $3.97 on a volume of 45,110 as of 10:20 am CDT. These results are giving management a better sense of what is to come when the final report is released on August 14, 2007. The company predicted in the first quarter that revenues were expected to be between $1.7 and $2.1 million in the second quarter. The revenues for the six-month period ending June 30 are believed to be near…

TuesdayAug 07, 2007 7:31 pm

GFET to Use “Freakish” Sorghum for Ethanol Production

Share prices for the Gulf Ethanol Corporation (OTCBB: GFET) crept up a scant 4.2 percent today, nudged to $2.45 a share by the recent news of the company's upcoming appearance in Bio-Fuels Journal. According a statement released earlier this afternoon, Gulf Ethanol will soon be profiled in the Bio-Fuels Journal for their work on an enhanced ethanol production facility slated for construction along the Texas Gulf Coast. In a recent article about the facility - also showcased in Bio-Fuels Journal - the new facility will use a new type of sorghum created by Texas A&M University. These plants, described as…

TuesdayAug 07, 2007 7:29 pm

Fed Keeps Rates Unchanged For Ninth Straight Meeting

The Federal Reserve kept the overnight federal funds rate steady at 5.25 percent for the ninth straight meeting, and it said that inflation remained its main concern despite signs of slowing growth. The economy grew at annual rate of 3.4 percent in the second quarter of 2007 after a revised rate of 0.6 percent in the first three months of the year. The Fed believes that expansion will slow in the second half of the year and have set predictions of 2.25 percent to 2.5 percent for this time period. Although growth looks to slow down, inflation is following suit…

TuesdayAug 07, 2007 7:28 pm

Nighthawk up 13 percent

Investors of Nighthawk Systems Inc. (OTCBB: NIHK) had a pleasant wake-up call when share prices for the company leapt 13.86 percent to $3.78 a share on market open this morning. It looks like the sudden rise can be attributed to this morning's news that Nighthawk just received its largest order in the company's history. According to this morning's statement, Nighthawk recently received an order for a "large number" of the company's CEO700 remote disconnect devices (the statement did not release the exact number) from Washington-based energy company, Avista Corp. According to Nighthawk's Web site, its CEO700 product is "a completely…

TuesdayAug 07, 2007 7:26 pm

Free Antibiotics Thanks to Publix Super Markets

Everyone knows the prescription drug market is not only competitive, but is often highly scrutinized due to healthcare and insurance policies. Publix Super Markets is putting all of that to rest, offering free 14-day supplies of seven common antibiotics at its 684 pharmacies in Florida, Georgia, South Carolina, Alabama and Tennessee. This is an interesting reply to Wal-Mart, Costco, Walgreen's, and CVS's low-cost and discount programs on drugs in recent months. Publix is taking things a step further, however, by not only providing customers with free supplies of 14-day antibiotics, but by not limiting the number of prescriptions customers can…

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