Blog - Page 5089 of 5771

SundayJan 06, 2008 4:06 pm

Diguang International Development Co, Ltd (DGNG.OB) Announces Acquisition of Dongguan S&T

Diguang International Development Co., Ltd. (DGNG.OB), a Chinese based company that manufacturers CCFL and LED backlights for the LCD display industry, announced that the company has signed an agreement to acquire Dongguan Diguang Electronic Science and Technology. This purchase consideration totals US $4.2 million, with an initial $2 million being deposited on December 30, 2007. The remaining balance, including accrued interest, is to be payable in four installments of $550,000 by June 2009. Completion of various required registration and approval procedures is expected to take approximately six months. Song Yi, CEO, commented, "As we expand our manufacturing facilities in accordance…

SundayJan 06, 2008 4:04 pm

RedChip Visibility Issues Research Update on American Energy Group, Ltd (AEGG.OB)

RedChip Visibility, a division of RedChip Companies, Inc., announced that the company has issued a research update regarding American Energy Group Ltd. ( AEGG.OB). American Energy Group is a leading, non-operating oil and gas company with upside from drilling activities in Pakistan. Clay Mahaffey, CFA of RedChip Research, stated, "In our Initiation Report dated May 15, 2007, I presented a case for an $8.00/share, 24-month target price. Since then the stock has fallen from $1.00 to a low of $0.44/share. This was due to two factors: 1) Failure to meet the assumed near-term catalyst schedule and, 2) Reaction to political…

FridayJan 04, 2008 6:30 pm

Eastern Services Corporation (ESVH.OB) is “One to Watch”

Today Eastern Services Corp. announced that it will be issuing a 900% dividend to all shareholders on record on January 15. Every investor who claims a stake before this time will be issued nine shares for each share held. Because an aggregate of 12.6 million shares will be issued to the Common Stock holders, the Company’s outstanding shares will increase from 1.4 million to 14 million. The certificates are anticipated to be delivered on the day of January 15 and there will be no charge in the par value. Furthermore, no fractional shares will be issued. Eastern Services Corp. is…

FridayJan 04, 2008 6:20 pm

International Power Group Egypt, Ltd (IPWG.OB) Concludes Royalty Agreement with Two Egyptian Companies

International Power Group Egypt, Ltd, a wholly owned International Power Group, Ltd (IPWG.OB) subsidiary, announced that the company has finalized royalty agreement negotiations with both Egypt Rubber, Ltd. (ERL) and the LOL Group (LOL). Both companies have considerable expertise in the waste oil and used tire recycling fields and will serve a critical link for future company success. Louis D, Garcia, Chief Financial Officer of IPWG Egypt, stated, "These agreements are in furtherance of the August 2007 Memorandum of Understanding and Cooperation Protocol Agreement between the Egyptian government and IPWG Egypt's principal shareholders. ERL will be constructing and operating a…

FridayJan 04, 2008 6:19 pm

Ted Deikel, Investor and Noted Direct Marketing Retailer Increases Position in uBid.com (UBHI.OB)

uBid.com (UBHI.OB), one of the leading business-to-consumer and business-to-business online auction companies, announced that Ted Deikel has purchased an additional 466,000 shares of ubid.com common stock, bringing his total position to 12% of their common stock. Ted Deikel is often regarded as a veteran investor, once serving as the CEO for Fingerhut. This specific purchase of 466,000 shares follows Mr. Deikel's November 2007 purchase of 1,784,000 shares of uBid.com stock, approximately 10% of uBid's outstanding shares at the time. Ted Deikel commented, "I believe now, as I did in November, that uBid's wealth of online selling expertise, strong relationships with…

FridayJan 04, 2008 6:19 pm

Escalon medical Corp (ESMC) Announces FDA Clearance for Sonomed MASTER-VU B-Scan System

Escalon Medical Corp. (ESMC) announced that the company's wholly owned subsidiary 'Sonomed, Inc' has received 510 clearance from the U.S. Food and Drug Administration. As a result, the company will now be able to fully market their MASTER-VU ophthalmic B-scan ultrasound system without any legal implications. Specifically, the MASTER-VU System consists of a B-scan probe that can be interfaced to a standard personal computer or laptop using Sonomed's software; converting any personal computer into an ophthalmic ultrasound system. Barry Durante, Sonomed's President stated, "The FDA clearance, along with the previously received CE certification, will allow Sonomed to market this new…

FridayJan 04, 2008 6:17 pm

Anadys Pharmaceuticals, Inc (ANDS) Announces Positive Test Results

Anadys Pharmaceuticals, Inc. (ANDS) announced preliminary data derived from two studies of the company's ANA598 drug, focused on treating the hepatitis C virus. According to the company; "Two animals chronically infected with HCV genotype 1b each received once-daily oral doses of ANA598 at 30 mg/kg for four days. A rapid viral load decline was seen in both animals. At 48 hours (24 hours after the second dose), viral load declines were 2.2 and 2.6 log10 in the individual animals. In one animal the viral load reduction was sustained throughout the remaining dosing period, while in the second animal a modest…

FridayJan 04, 2008 6:16 pm

NexMed, Inc (NEXM) Appoints Dr. Jay Birnbaum to Its Scientific Advisory Board

NexMed, Inc (NEXM), a developer of innovative transdermal products, announced that Jay Birnbaum Ph.D. has joined the Company's Scientific Advisory Board. As a result, NexMed's board of directors has now increased to include four scientific leaders. Dr. Birnbaum currently serves a medical research consultant, focused on ethical and OTC dermatologicals, devices, and cosmeceuticals. Prior to establishing his consulting company in 1999, Dr. Birnbaum was employed by Novartis/Sandoz Pharmaceuticals Corporation, serving most recently as Vice President of Global Project Management. During that time period, Dr. Birnbaum was responsible for oversight and management of Novartis's dermatology projects. Dr. Birnbaum earned his Ph.D.…

FridayJan 04, 2008 6:05 pm

A Golden Opportunity for New Wave Media Inc. (NWWV.PK) in Nicaragua

Bonanza is an appropriate name for a district in Nicaragua, because this stretch of land is unknown to yield new gold reserves with uncommon frequency. Surveys show that more than half of all the land in Bonanza district has quantities of gold that can be mined profitably. That is why the exclusive agreement signed by New Wave Media Incorporated (OTC: NWWV.PK) with the present owners of prime land in the gold-rich part of Nicaragua has so much stock investment potential. New Wave Media now has a one-year right to purchase the land for a mere quarter of a million dollars.…

FridayJan 04, 2008 6:00 pm

Better BioDiesel, Inc (BBDS.OB) Signs Letter of Intent to Acquire GeoAlgae Technologies, Inc.

Better BioDiesel, Inc (BBDS.OB), announced that the company has signed a letter of intent with GeoAlgae Technologies, Inc, a company focused on producing low cost, renewable feedstock. Both companies’ expect that this acquisition will allow new opportunities for additional production of both feedstock and blended bio-fuels. Currently, GeoAlgao's s executive team consists of Kenneth R. Bennet, former Arizona State Senator and Ronald D. Lewis, a leading Research Scientists. Mr. Bennett has over twenty years of experience as an executive in the fuels and oil distribution industry, serving as CEO of Bennett's Oil Co. and is currently serving as a member…

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