FridayMay 30, 2008 3:56 am

Heartland Oil and Gas Corp. (HTOG.OB) (FWB: HOCA) Announces Record Revenue for the Month of April.

Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) announced record revenue for the month of April. Since being acquired by UPDA about a year ago, production in Kansas has been constantly increasing. The company stated that 12 additional wells will soon be completed and that revenues may double once operational. Heartland Oil and Gas stated sales at the Kansas coal beds were over $100,000 for the first time and over $266,000 for natural gas. "Even in this difficult investment climate and despite steadily increasing costs for oil field equipment and services, we have maintained our commitment to the…

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FridayMay 30, 2008 3:53 am

Broadwind Energy Inc (BWEN.OB) Adds Plants in SD and TX

Tower Tech Systems Inc. of Manitowoc, WI will build wind turbine support tower plants in Sioux Falls, S.D., and Abilene, Texas, in order to expand production and cut down on transportation costs, the firm's parent company said. J. Cameron Drecoll, CEO of Naperville, Ill.-based Broadwind Energy Inc. (OTC: BWEN), said the expansion to new regions, combined with a recent acquisition of a transportation and logistics provider to the wind industry, will result in significant savings for the company. The new sites are closer to some key wind energy markets. Each facility is expected to initially employ more than 150 workers,…

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ThursdayMay 29, 2008 6:11 pm

Shares of Kosan Biosciences, Inc. (KOSN) Surge on Agreement to be Acquired by Bristol-Myers for $5.50 per Share

Shares of Kosan Biosciences Inc. (NASDAQ: KOSN), a biotechnology company and drug developer that focuses on the genetic manipulation of polyketides, which are used in antibiotics and anticancer drugs, more than tripled recently on the announcement of the signing of a definitive merger agreement with Bristol-Myers Squibb. Under the terms of the agreement, Bristol-Myers Squibb will acquire Kosan for $5.50 per share in cash. Bristol-Myers Squibb will begin purchasing all of the outstanding shares of Kosan with a net aggregate purchase price of approximately $190 million. This purchase agreement has been unanimously approved by the boards of directors of both…

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ThursdayMay 29, 2008 6:10 pm

Ultralife Batteries, Inc. (ULBI) Increases Second Quarter 2008 Outlook to $75 Million

Ultralife Batteries Inc. (ULBI), a battery company that also offers products and services ranging from portable and standby power solutions to communications and electronics systems, recently increased the company’s second quarter 2008 revenue outlook from $65-$70 million to more than $75 million as product demand continues to increase and customers require expedited deliveries. Ultralife’s stock posted a 25% increase in trading volume following the release of the higher earnings estimate. After evaluating recent sales and deliveries, the company boosted its earnings estimate due to strong demand from government, defense and commercial customers across the globe, and increased shipments over the…

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ThursdayMay 29, 2008 4:45 pm

Jamba Juice (JMBA) and Nestle USA Launch Ready-to-Drink Product Line for 2008

As the leader in blending fruits and other naturally healthy ingredients, Jamba Juice (NASD: JMBA) has teamed up with Nestle USA (OTC: NSRGY) and has announced the launching of a line of Jamba® ready-to-drink beverages containing real fruit. The drinks are made with extra nutrients to enhance flavor and nutritional value. In morning trading Jamba Juice's stock rose 13.18%. "This is the first step in our strong partnership with Nestlé," stated Paul Coletta, senior Vice President of marketing and brand development at Jamba. "Our teams continue to work together on future product extensions that will build and drive the synergy…

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ThursdayMay 29, 2008 4:43 pm

General Automotive Company (GNAU.OB) Reports First Quarter Financial Results

General Automotive Company (OTCBB: GNAU) reported their financial figures for the first quarter ended March 31, 2008. The company is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products covering a number of levels of distribution throughout the U.S. and worldwide. They have long-lasting relationships with manufacturers in China, Korea, and Japan which allows them to bring high-quality automotive parts and accessories to automobile manufacturers in the United States. Revenue rose 51% to $4.07 million for first quarter 2008 compared to $2.69 million a year ago. Gross profit totaled $345,000 for first quarter 2008…

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ThursdayMay 29, 2008 4:42 pm

Voyant International Corporation's (VOYT.OB) Subsidiary Provides Power for Telecom and Mobile Media Markets

RocketStream, Inc., a subsidiary of Voyant International Corporation (OTCBB: VOYT) and a leading provider of digital content delivery acceleration over high-bandwidth IP networks, recently announced that they have been chosen to power the world's largest provider of syndicated consumer research to the telecom and mobile media markets. Nielsen Mobile will utilize the data transfer acceleration software developed by RocketStream™ in order to transport large amounts of mobile network quality among measurement vehicles in the field and corporate data centers. At the closing of Wednesday's trading, the company's stock rose 52.63%. Nielsen Mobile uses high precision coverage measurements to map the…

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ThursdayMay 29, 2008 4:40 pm

China Tel Group Inc. (CHTL.OB) Appoints President/COO with Extensive Leadership and Architectural Experience

China Tel Group Inc. (OTCBB: CHTL) focuses on the telecom sector, working to deliver its broadband technology in China. The company is targeting a population of more than 300 million people, representing 50 percent of the country’s GDP. The company today announced the appointment of Colin Tay as company president, and Mario Alvarez as COO, supported by their experience in the architectural and Asian markets. “We now have our senior leadership in place and are moving forward rapidly with our strategic plans for China and the extraordinary opportunities within that country's telecom sector. We have a singular opportunity to develop…

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ThursdayMay 29, 2008 2:25 pm

Halcyon Jets Holdings, Inc. (HJHO.OB) Announces Mitchell Blatt as the New CEO and Chairman

Halcyon Jets Holdings, Inc. (OTCBB: HJHO) has moved Mitchell Blatt to serve in the position of chairman and chief executive officer. Mr. Blatt’s background includes 26 years of leadership. He has been a director of Halcyon since April 2007. Mr. Blatt was also president and chief operating officer of Coinmach Holdings Company. He has a reputation of knowing how to implement high-growth strategies and generate large revenue. "My year on the Board of Directors of Halcyon has given me a deep understanding of the Company and the private air travel industry, which will help formulate my strategies for growth and…

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ThursdayMay 29, 2008 2:18 pm

ZAP (ZAAP) – Ride this Xebra and get a $1K Rebate

This is more than your $75 cell phone rebate; more than the 50-cent rebate on the back of your favorite pack of razors. Today, the California Air Resources Board, a department of the California Environmental Protection Agency, announced it is offering a $1,000 rebate toward the purchase of a Xebra electric car or truck, manufactured by ZAP (OTCBB: ZAAP). In a pocket-pinching economy, this news drives rebates to a new level. Not only do customers receive a rebate, but heading to the gas pump on the way home will cost as little as 60 cents. The rebate covers more than…

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