Blog - Page 5040 of 5486

WednesdayAug 08, 2007 8:34 am

The Principal Structure Fund, Inc. (PSF)

The Principal Structure Fund, Inc. (PSF) is a diversified, closed-end construction fund currently completing application to be listed on the American Stock Exchange. The Fund has elected to be treated as a Business Development Company (“BDC”) under the Investment Company Act of 1940, as amended (sometimes herein referred to as the “1940 Act”). PSF, a Nevada corporation, was organized in 2005 and commenced operations in 2007. A BDC is a company (either private and or public) which elects to become subject to sections 55 through 65 of the Investment Company Act of 1940. This election/conversion allows a company to pursue…

WednesdayAug 08, 2007 7:16 am

CHND Navigating the “Corporate China Boat” for U.S. Entry

Shares of China Direct Inc. (OTCBB: CHND) jumped up today after posting its second quarter results. In mid-day trading, China Direct was up 41 cents (10 percent) to $4.41 cents per share on volume of just over 482,000 shares. China Direct reported revenues for the second quarter ended June 30, 2007, increased to $40.5 million as compared to revenues of $180,000 for the second quarter ended June 30, 2006. China Direct attributes the increase in revenues primarily to the three Chinese entities acquired since October 2006, Chang Magnesium, Lang Chemical and CDI Wanda, as well as a strong performance from…

WednesdayAug 08, 2007 6:57 am

Joint Venture For General Steel Holdings Approved

China’s first U.S. publicly traded company, General Steel Holdings Inc. (OTCBB: GSHO), announced today that it has received approval fro its Joint Venture with Shaanxi Longmen Iron and Steel Group (“Longmen”) in the Shaanxi province. General Steel CEO and Chairman, Henry Yu, stated earlier in a release, “After further discussion with the government, we changed our strategy away from acquiring the company in favor of a 60 percent Joint Venture. This allowed us to gain quicker licensing approval from the government.” The Joint Venture assumes existing operating units of Longmen, which include a rolling mill, iron and steel making facilities.…

WednesdayAug 08, 2007 6:35 am

Unbridled Energy Corp. (TSK-UNE) Updates Investors Regarding the Company’s Latest Developments

Unbridled Energy signed a Letter of Intent with a local operator to purchase additional acreage around its Chautauqua Lake Property. The purchase includes a working interest in 24 wells and over 12 miles of 2D seismic data across the property. The company plans to drill additional Bass Island wells and further develop the remaining potential in existing wells. The acquisition also includes the deep rights below the Medina/Whirlpool formations under Unbridled’s existing 13,280 acres and 960 acres of mineral rights. The company believes that the deep rights will offer even more potential in new tight gas sands and shales under…

WednesdayAug 08, 2007 6:20 am

Zacks Investment Research Highlights Inform Worldwide Holdings, Inc. (IWWI.OB)

Zacks Investment Research, one of the most highly regarded firms in the investment industry, added Inform Worldwide Holdings to its performance stock list and announced that it is a “must see” stock. Inform Worldwide recently received a $4.20 price target by Beacon Equity Research and announced that its subsidiary, One World Energy Corp., entered into an Independent Contractor Agreement with Ralph Smith & Son. Upon the signing of the lease, the subsidiary completed the acquisition of all the leases that make up the Nowrytown No.1 Mine Site. Let us hear your thoughts below: Inform World Wide Holdings Message Board

WednesdayAug 08, 2007 6:17 am

AWNE Announces $3.4M Sale of Wind Giants

If you’ve ever driven by a handful of turbines scattered across a hill or plain, it’s hard to imagine how big they really are; if you’ve ever driven down the highway and attempted to pass an 18-wheeler pulling one of the blades or a segment of the tower, you’ve been given an up close idea as to how big they are. The tower of the tallest turbine is nearly as tall as a football field is long, stretching 82 yards (246 feet); the blades are 172 feet, nearly the length of two basketball courts; the nose of these towering, surprisingly…

WednesdayAug 08, 2007 6:08 am

Green Means Go!!! Tank Sports to Launch 2nd “Green” Motorcycle

Tank Sports (OTCBB: TNSP) today announced that it has completed the development and demonstration stage of its LPG (Propane) fueled motorcycle, and entered the final stage, which is the U.S. on road testing. This is the second “Green” vehicle to enter the final phase of testing released by Tank Sports, the first being an E85 (Ethanol) based motorcycle. Before being released to the public, Tank Sports required over 5,000 miles of rigorous on road testing in China combined with over 500 miles of testing in the U.S., which Tank plans to complete before the end of this year. This new…

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…

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