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TuesdayJun 12, 2007 4:23 pm

Towerstream (TWER) Closes $40M Offering

Towerstream Corp. (Nasdaq: TWER), one of the first companies to utilize WiMAX technology announced today it has closed on the sale of $40 million of its stock at a 32 percent discount to the June 5, 2007, closing price of $5.87.Ten million Towerstream shares were sold below-market value at $4 per share - the company said it intends to use the proceeds to increase operations in larger markets. "The proceeds from this offering will provide us with the capital to build out our target markets and solidify our position as a WiMAX leader," the company said in a statement. Towerstream,…

TuesdayJun 12, 2007 4:23 pm

InNexus (TSX: IXS / OTCBB: IXSBF) Signs on Immunology Specialist

Drug development company InNexus Biotechnology Inc. (TSX: IXS / OTCBB: IXSBF) made headlines today when it announced that Dr. Ellen S. Vitetta, an expert in immunological research, has joined the company's newly formed Scientific Advisory Board.According to the company's latest press release, Dr. Vitetta will join such fine minds as Dr. J. Donald Capra, president emeritus of the Oklahoma Medical Research Foundation; InNexus SAB Chairman Dr. Thomas Kindt; Dr. John D. Minna, professor and director of the Hamon Center for Therapeutic Oncology Research at UT Southwestern Medical Center at Dallas; and Dr. Carlos L. Arteaga, vice chancellor's chair in Breast…

TuesdayJun 12, 2007 4:23 pm

Countrywide Financial (CFC) Edges Up on Charts

Share prices for the Countrywide Financial Corporation (NYSE: CFC) edged up slightly today after the company reported on its operational results for May 2007.According to the press release, the company's mortgage loan fundings for May totaled an amazing $44 billion - a 15 percent increase in the company's loan fundings for May 2006. In addition, the company's average daily mortgage loan application activity was up 17 percent from May of last year to a total of $3.1 million, and the mortgage loan pipeline was $70 billion in 2007 as opposed to $66 billion in 2006. Plus, the mortgage loan servicing…

TuesdayJun 12, 2007 4:23 pm

Innova Robotics (INRA.OB) Gives Industry Tools for the Future

Share prices for Innova Robotics & Automation Inc. (OTCBB: INRA) rose today after the company revealed that two of its subsidiaries, Robotic Workspace Technologies (RWT) and CoroWare are "poised to take center stage" at the International Robots & Vision show today in Chicago, Illinois, where it unveils its affordable mobile service robot - the CoroBot - and new robot control software licensing program.According to Lloyd Spencer, CoroWare's president, the CoroBot is one of the company's hottest products and has generated tons of interest among universities, corporations and individuals with an interest in robotics. "We've been blessed with a lot of…

TuesdayJun 12, 2007 4:23 pm

“Lucrative” Foreclosure Market Means Business for Palomar Enterprises (PLMA.OB)

After hitting a two-year high in March 2007, April foreclosures slipped 1 percent, according to RealtyTrac, an online marketplace for foreclosure properties. In its April 2007 U.S. Foreclosure Market Report, RealtyTrac said for the second month in a row, six out of 10 cities with the highest foreclosure rates were located in California."Whether the decrease in April is the beginning of a similar trend this year remains to be seen, but we expect foreclosure activity to at least stay above last year's levels for the remainder of 2007, fueled by a combustible mix of risky loans taken out in the…

TuesdayJun 12, 2007 4:23 pm

Strategic Acquisitions Expected to Generate Millions

Florida has the third most convenience stores in the United States; emerging gasoline retailing company, Petroleum Consolidators of America Inc. (Pink Sheets: PCAI), seems to be based in the right place as it executes more store consolidations.David Cohen, president and CEO of Petroleum Consolidators, told Market New First the company is working out the financial details to complete its third and fourth acquisitions. The company intends to complete a series of planned acquisitions in 2007. "With our first two acquisitions behind us, strategic improvements and developments are occurring rapidly," said Cohen. "Part of the business plan is owning real estate.…

TuesdayJun 12, 2007 4:23 pm

Electronic Kourseware International (EKII.PK) Expecting 2007 Sales to Double after Strong Start

Electronic Kourseware International (Pink Sheets: EKII) recently announced that it has received a surge in contract awards booking over $150,000 in new contract awards and is experiencing an astounding 30 to 40 percent bid-acceptance rate."Judging from the number of contract awards we are receiving, and the rate at which we are receiving them, we confidently expect a doubling of sales from last year's bidding season. The company, through its main operating unit, Sciencelabs.com, has been making tremendous strides in the multi-billion dollar education market," commented Phillip Greer - CEO of EKII - in a press release. "In fact, our most…

TuesdayJun 12, 2007 4:23 pm

Global Development Resources (GDVRF.PK) Targets Baby Boomers

Global Development Resources Inc. (Pink Sheets: GDVRF) is a real estate finance company targeting the Baby Boomer generation for its lending services, viewing those consumers as the ones who are the most likely to know what they want, and not only pay for what they want, but also be able to pay what it takes to get it."This is the largest generation of consumers in history. [Between 1946 and 1964], nearly 76 million children were born in the U.S. This is an astonishing statistic when one recognizes that the entire U.S. population in 1945 totaled just less than 140 million,"…

TuesdayJun 12, 2007 4:23 pm

Early Gainers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news late yesterday evening or early this morning:PacketPort.com Inc. (Pink Sheets: PKPTE) shares rose 2 cents, or 100 percent, to 5 cents on volume of 38,500 this morning as the company announced its intentions to trade on the OTC Bulletin Board. Today, social network enabler YFonGlobal LLC announced it reached an agreement to reverse merge with PacketPort. The…

TuesdayJun 12, 2007 4:23 pm

GeneThera Inc (GTHA.OB) Jumps Up on Hypertension Contract News

Shares of GeneThera Inc. (OTCBB: GTHA) jumped up 29 percent in early trading today, gaining 1 cent to 4 cents per share on volume of 918,448.The company announced that it has received a contract from the Intramural Research Program, National Institute on Aging, and National Institutes of Health (NIH) to genetically engineer monoclonal antibodies and make them "clinically usable." The antibodies are expected to be used for treatment of hypertension. "We are very delighted at the opportunity to work with the NIH; the largest research organization in the world. I believe this is a great opportunity for GeneThera Inc.," stated…

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Towerstream (TWER) Closes $40M Offering

InNexus (TSX: IXS / OTCBB: IXSBF) Signs on Immunology Specialist

Countrywide Financial (CFC) Edges Up on Charts

Innova Robotics (INRA.OB) Gives Industry Tools for the Future

“Lucrative” Foreclosure Market Means Business for Palomar Enterprises (PLMA.OB)

Strategic Acquisitions Expected to Generate Millions

Electronic Kourseware International (EKII.PK) Expecting 2007 Sales to Double after Strong Start

Global Development Resources (GDVRF.PK) Targets Baby Boomers

Early Gainers with Big News

GeneThera Inc (GTHA.OB) Jumps Up on Hypertension Contract News

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