TuesdayMay 13, 2008 5:12 pm

Largest Public Mining Company to Pay $80M for Stake in Farallon Resources Ltd.’s (FRLLF.OB) Silver Production

Shares of Farallon Resources Ltd. (OTCBB: FRLLF) are up nearly 12 percent in afternoon trading, moving on word that the company has secured an agreement with a subsidiary of Silver Wheaton Corp., in which Silver Wheaton will purchase 75 percent of the silver produced from the Campo Morado polymetallic project in Guerrero State, Mexico, for $80 million. “We are very pleased to have completed this transaction with Silver Wheaton, which will greatly assist us in our plans to complete the G-9 Project. Silver Wheaton is the largest public mining company with a 100 percent of its operating revenue from silver…

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TuesdayMay 13, 2008 3:40 pm

Elleipsis Inc. (EGTS.PK) Sets Sail with AllAboard Cruises for Enhanced Booking Solutions

Elleipsis Inc. (Pink Sheets: EGTS) operates through its wholly-owned subsidiary, Elleipsis Inc. to provide travel booking and Web services for the booming travel industry. The company today announced it has teamed up with online cruise travel agency, AllAboard Cruises, to power its cruise reservation system. Per the agreement, Elleipsis will be responsible for backend reservations and booking transactions for AllAboard’s online travel agency. Elleipsis has developed TravelTalk Portal, a Web-based travel platform used to book automated reservations for travel suppliers. The booking engine supports multiple global distribution systems, consolidator and net fares to provide a custom-branded interface that will support…

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TuesdayMay 13, 2008 1:08 pm

Tribune Company (TRB) Rejects Offer for Wrigley

Tribune Co. (TRB) rejected the latest proposal from the Illinois Sports Facilities Authority to acquire Wrigley Field, saying that the new undisclosed offer was not workable from a team standpoint. "Any transaction transferring ownership of Wrigley Field to the public must satisfy the interests of Tribune, the Cubs and the public. While we appreciate the creativity of the latest ISFA proposal, it does not work from Tribune's or the Cubs' perspective,'' said Crane Kenney, Cubs Chairman. "We'll continue working with the city and state and at the same time begin the private process to explore interest in the team, stadium…

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TuesdayMay 13, 2008 1:03 pm

Wyndham Worldwide Corp. (WYN) to Expand in Canada

Wyndham Worldwide Corp. (WYN) today announced an agreement for the development of 17 Ramada hotels throughout Eastern Canada during the next 10 years. Days Hospitality, which currently owns and operates three Ramada hotels in Calgary, Prince George, and Vancouver, will develop and operate the new hotels in the provinces of Ontario, Newfoundland, New Brunswick, Nova Scotia and Prince Edward Island. Scott McPhail, Days Hospitality chief operating officer, said his company chose the Ramada brand because it is "positioned as a global leader in midmarket lodging and emphasizes the importance of service, product quality and high standards." In addition, Days Hospitality…

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TuesdayMay 13, 2008 1:01 pm

Buyer Group International, Inc. (BYRG.PK) Announces Move to the NASDAQ OTC BB

On the heels of completing their two year audit with the Public Company Accounting Oversight Board (PCAOB), Buyer Group International is planning to submit their registration statement to the Securities and Exchange Commission this week to become a fully reporting company. By becoming a fully reporting company, the company believes it will have the ability to continue raising capital to execute its strategy of acquiring real estate and real estate-related companies in need of financial relief. Buyer Group International is a real estate investment company committed to residential property investment for the average investor. Through strategic partnerships, they aim to…

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TuesdayMay 13, 2008 11:57 am

Capstone Turbine Corp. (CPST) Reports Company’s Largest Sale of Micro Turbines to New Zealand Electric Bus Company

Solutions to a particular problem don’t always need to be researched. Sometimes they have been in use for quite some time, but not taken advantage of. Eventually, these products are found and put to great use. When they are, profit potential is usually right behind. Capstone Turbine Corporation, a micro turbine manufacturer, works to offer micro turbine electrical generator solutions to a wide variety of customers. City centers, remote locations, supermarkets, office buildings and transportation all have energy needs that can take advantage of this company’s products and services. Perhaps the largest advantage that the company’s products offer is their…

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TuesdayMay 13, 2008 11:15 am

Proginet Corp. (PRGF.OB) Signs Reseller Agreement with Major Government Contractor

Proginet Corp, a leading developer of enterprise software for advanced managed file transfer and security applications, has signed a new partnership agreement with Intelligent Decisions, Inc., a leading systems integrator and IT solution provider to the federal government. This partnership will allow Intelligent Decisions to market CyberFusion Integration Suite™, Proginet's flagship solution for advanced managed file transfer to its customer base. Intelligent Designs is an approved government contractor and does business with commercial enterprises and many of the largest federal agencies within the U.S. government. According to Proginet, CyberFusion Integration Suite™ is the world's most advanced managed file transfer solution.…

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TuesdayMay 13, 2008 10:02 am

OTCPicks Featured Company: Innolife Pharma, Inc. (INNP.PK) Updates Progress on Potential Joint Partnership

For the past eight months, Innolife Pharma, Inc. (OTC: INNP) has been active in conversations regarding the formation of a joint venture partnership. The company is now writing the final terms that have been submitted on all key issues. This could very well lead to the company's first product acquisition, and through this intense period of establishing a joint venture the company is hopeful more progress will come in the near future. On Monday the company saw a rise of 252.94% in their stock. There are two main areas that management is watching closely. One is the awarding of valuable…

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TuesdayMay 13, 2008 8:32 am

BJ's Wholesale Club Inc. (BJ) Announces Increased April Sales

BJ's is one of the first and most successful wholesale clubs in the eastern United States. Spread over 16 states, BJ's currently has 177 outlets in operation. In a recent press statement, BJ's Wholesale Club Inc. reported that sales for April, 2008 had risen by 20.4 percent over the prior-year period. On a comparable club basis, sales saw a 17.8 percent growth, 5.5 percent of which came from gasoline sales. The Easter holiday created an additional day of sales by which April 2008 was positively impacted by a measure of 4 percent. First quarter 2008 net sales increased by 12.3…

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TuesdayMay 13, 2008 7:21 am

Critical Solutions Inc. (CSLI.PK) – Alternative Energy Powered Platforms

Critical Solutions Inc (CSLI.PK) is a leading provider of alternative energy-powered platforms and solutions. Critical Solutions engineers, manufactures and sells a line of patent pending, self-powered trailer tower systems. The company utilizes non-traditional power sources such as solar, wind, and hydrogen as power sources for these trailers. Critical Solution's trailer towers can be rapidly deployed to power physical security and communication requirements for areas where power is difficult to obtain or where conventional power means are too expensive to deploy. The company's towers have the unique ability to power a multitude of applications in wireless communications security sensors, such as…

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