WednesdayDec 28, 2011 12:29 pm

Magic Software Enterprises, Ltd. (MGIC) Acquires BluePhoneix’s AppBuilder Platform for $13.5 Million

Today, Magic Software Enterprises, Ltd. announced that it has acquired BluePhoneix's AppBuilder activity for $13.5 million. AppBuilder is a comprehensive application development infrastructure that enables development teams to build, deploy, and maintain large-scale, custom-built business applications. Currently used by many Fortune 100 companies around the globe, AppBuilder is recognized in the industry as a powerful, model-driven tool. According to the acquisition agreement, Magic Software paid out a net amount of $13.5 million. $4 million of the total purchase amount will be held in escrow accounts pending fulfillment of certain obligations of BluePhoenix under the sale agreement. Regarding the acquisition, Guy…

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WednesdayDec 28, 2011 12:26 pm

North Springs Resources Corp. (NSRS) Moves to Secure Working Interest in Premiere Arizona Gold Property

North Springs Resources Corp., already well-positioned in high-grade bulk tonnage gold via their Nevada-based, North Springs Gold Property (situated in the same trend as the Mineral Ridge deposits containing a current resource of some 500k oz Au), recently reported signing a letter of intent with DNP Mining LLP to acquire a 20% working interest in one of Arizona’s gold properties for $500k. President of NSRS, Harry Lappa, spoke very favorably of this acquisition in the Goldstar/One Armed Joe Project, a 180-acre (9 claim block) stretch of some 900 feet of quartz veins (600 Goldstar, 300 One Arm) just outside the…

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WednesdayDec 28, 2011 10:50 am

FieldPoint Petroleum Corp. (FPP) Updates Oil and Gas Activity in New Mexico

FieldPoint Petroleum Corp. issued an operations update on the company’s recent oil and gas activity in the United States. FieldPoint Petroleum is active in the western United States and recently put the East Lusk Federal 15 #1 well into production in Lea County, New Mexico. The company reported that the well produced 578 barrels of oil during a twenty four hour period, up significantly since first reported production of 446 barrels of oil per day. FieldPoint Petroleum said that the East Lusk Federal 15 #1 well is producing 804,000 cubic feet of natural gas per day. The company is not…

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WednesdayDec 28, 2011 10:46 am

American Apparel (APP) Increases Presence in UK with New Store in London

American Apparel, a Los Angeles based vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, today announced that it has opened its 18th location in the UK at the Westfield London. The mall attracts nearly 30 million people each year. In the new Westfield London location, American Apparel will sell both women's wear and unisex styles ranging from basics and staple garments to more high end fashion pieces and seasonal outerwear. This new store is only one piece in an expansion effort in the UK and Europe. "Westfield London is one of the largest shopping centers in all…

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WednesdayDec 28, 2011 10:42 am

Quantum Fuel Systems Technologies Worldwide (QTWW) Enters Strategic Relationship with Major Wind Turbine Manufacture to Finance and Develop Wind Farms Globally

Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, in conjunction with their wholly-owned subsidiary Schneider Power, Inc., one of Canada's premier renewable energy companies, recently announced a new strategic agreement between Schneider's wholly-owned subsidiary, Trout Creek Wind Power, and a major global wind turbine manufacturer for the financing and development of wind farms in North America. Terms of the deal include that the manufacture will provide a maximum of CDN $24 Million dollars for financing the construction of the generation facility. The Company will utilize the manufacturer’s wind turbines at the 10 MW Trout Creek Wind…

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TuesdayDec 27, 2011 5:53 pm

Kranem Corp. (KRAN) Announces Acquisition of Adora ICT Srl.

Earlier today, Kranem Corp. announced that it acquired privately-held Adora ICT Srl., a company that specializes in the evaluation of data and systems security risks and recommendation of appropriate solutions. In addition to providing a strong technical staff and solid customer list, Adora will provide Kranem with an important presence in the Italian data security and analysis market. Last year, Adora reported net revenue of over $4.0 million and was profitable. Mr. Ajay Batheja, Kranem's CEO, commented, "We believe this acquisition will provide a strong opportunity to introduce Kranem's homeland security products to the European law enforcement.” Kranem Corp. is…

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TuesdayDec 27, 2011 4:39 pm

Delcath Systems, Inc. (DCTH) Achieves Key Milestone with J.W. Goethe Hospital Partnership

Delcath Systems Inc., a development stage specialty pharmaceutical and medical device company focused on oncology, has entered into an initial launch and training agreement with Johann Wolfgang Goethe University Hospital (J.W. Goethe), representing a significant step in Delcath’s progress toward EU market expansion. J.W. Goethe is a premier European cancer treatment and research center located in Frankfurt, Germany. Per the agreement, Delcath will provide J.W. Goethe with logistics and clinical training support for the Delcath Hepatic CHEMOSAT® delivery system. "Our team is excited to bring use of the CHEMOSAT system to Germany. Clinical research suggests that chemosaturation therapy using the…

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TuesdayDec 27, 2011 4:38 pm

Capstone Turbine Corp. (CPST) Receives Purchase Order from Large Nigerian Pharmaceutical Company

Capstone Turbine Corp., a leading producer of low-emission microturbine systems, today announced it has received an order for a C1000 and C200 for use at a large World Health Organization (WHO) certified Nigerian pharmaceutical company. The pharmaceutical company will use Capstone’s microturbine systems to provide power and thermal energy for the manufacturing process. It will also improve plant efficiency while reducing its carbon footprint. The order follows a recent meeting with a delegation of the Nigerian government and business leaders led by the U.S. Ambassador to Nigeria, in which discussions centered on how expanding the number of Capstone microturbines in…

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TuesdayDec 27, 2011 12:11 pm

Global Axcess Corp. (GAXC) Signs Extension of ATM Contract with Largest Grocery Chain Customer

Global Axcess Corp. is an independent provider of self-service kiosk solutions. The company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management along with project and account management services. The company announced today that it has entered into a three-year extension with its largest ATM customer, a grocery chain with locations in 11 Southeast and Mid-Atlantic states that operates more than 1,100 supermarkets. Under terms of the newly-extended agreement, Global Axcess will continue to provide a full turnkey program for over 850 ATMs in store locations. Global Axcess' CEO, Lock Ireland, commented, “This agreement…

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TuesdayDec 27, 2011 10:46 am

Have You Heard of QSTwits?

QualityStocks recently introduced QualityStocksTwits (“QSTwits”), a Web 2.0 site that collates Twitter’s investment discussions in real-time, enabling investors to track the web’s savviest investors as well as build their own following. QSTwits gathers data from Twitter on any company, big or small. With QSTwits, users can eavesdrop on what traders are talking about right now or contribute to the conversation and build their own reputation. It also allows anyone to search the Twitter universe for tweets relating to a particular stock and use Twitter’s features directly within the application. Investors will also be able to quickly see which stocks are…

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