MondayMar 17, 2008 6:59 pm

Fed Steps in on Bear Stearns (BSC) Deal

In an unusual move, the Federal Reserve took action late Sunday night to intervene in the Bear Stearns (NYSE: BSC) situation to stave off a possible crisis in the financial markets. After a weekend of meetings, the Fed, which had already declared on Friday that it would largely assume the risks in a proposed purchase of Bear Stearns by fellow investment bank JP Morgan-Chase (NYSE: JPM), took a greater role in this latest action. The Fed, in effect, will not only back the acquisition of Bear Stearns by JP Morgan, but will make available short-terms loans for other investment banks…

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MondayMar 17, 2008 6:36 pm

Ivanhoe Energy, Inc. (IVAN) Announces New CEO in Light of Major Restructuring

Ivanhoe Energy, Inc. (NASDAQ: IVAN) today announced the appointment of Robert Friedland as the company’s executive chairman and chief executive officer, effective May 29, 2008. Ivanhoe faces upcoming corporate and management restructuring for the implementation of multiple, full scale, commercial Heavy-to-Light oil projects around the globe. Friedland’s new position designates him as responsible for corporate restructuring, finance and closing commercial transactions. According to the press release, the major restructuring efforts are expected to increase Ivanhoe’s focus on developing heavy-oil assets centered on its proprietary HTL oil-upgrading technology. "The successful conclusion of the HTL testing phase and the growing global focus…

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MondayMar 17, 2008 11:38 am

DRS Technologies, Inc. (DRS) Announces $19M Five-Year Contract to Provide Vision Enhancement Systems for U.S. Marine Corps

DRS Technologies (DRS) announced that it has received a $19 million, five-year indefinite delivery indefinite quantity (IDIQ) contract from the United States Naval Surface Warfare Center in Crane, Indiana. Under the contract, DRS will provide the U.S. Marine Corps with vehicle Vision Enhancement Systems (VES). The Marine Corps will incorporate the systems onto their Joint Assault Bridge (JAB) vehicles. The work is scheduled to begin immediately. The VES is a non-developmental item DRS is providing to the Marine Corps’ JAB vehicle program by leveraging existing DRS-manufactured products currently in use by U.S. and international military forces. Since the company’s VES…

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MondayMar 17, 2008 7:58 am

HotOtc Featured Company: CSMG Technologies Inc. (CTGI.OB) Finds Itself on the Right Side of $105.00 Oil

Being in the right place at the right time is half the game, or so most people say. Having the right processes and systems in place doesn’t hurt either. If a company can make the two come together at the same time and get a little help along the way, shareholders are sure to be winners. CSMG Technologies Inc., a technology management company, specializes in managing, marketing and developing companies and technologies from the Ukraine. The company's current energy recovery projects include methane gas recovery systems. In the medical field, the company is pursuing tissue welding processes designed to eliminate…

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MondayMar 17, 2008 7:48 am

Kandi Technologies Corporation (KNDI.OB) Approved for Listing on the NASDAQ

The NASDAQ Capital Markets has approved the application of Kandi Technologies, an emerging US traded PRC-based leader in small vehicle production, to list its common shares on the NASDAQ board. The company currently trades on the OTC Bulletin board and expects that its shares will begin trading on NASDAQ this Tuesday, March 18, 2008, under the new symbol "KNDI." Until trading takes effect on the NASDAQ, the company will continue to trade on the OTC Bulletin Board with the symbol "KNDI.OB." Kandi Technologies management is looking forward to the change. President and CEO Hu Xiaoming stated earlier today, "As the…

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MondayMar 17, 2008 7:02 am

NeXplore Corp. (NXPC.PK) is Developing the Next-Generation Search Engine

NeXplore Corp., based in Frisco, Texas, is focused on improving the online experience by creating Web tools that empower users to define a virtual world designed for their needs and interests. All four of the company’s major projects are in the development stage. NeXplore Search is anticipated to be the first product to be released to the public. Most consumers today utilize a search engine for information on the internet. Consumers research for such items as work related information, how to improve their yard, how to help their children with homework, etc. The possibilities are endless. With the number of…

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MondayMar 17, 2008 6:51 am

Mega Media Group, Inc. (MMDA.OB) is “One to Watch”

Mega Media Group, Inc is a multimedia entertainment holding company focused on offering an array of multimedia services. Its various subsidiaries specialize in recording, music production and distribution, video production, radio broadcasting, and operating Pulse87 - a Rhythmic Top 40 Radio station located in the New York Tri State region. The Company operates a full-service film studio with a virtual 3D chromatic room and a 4A virtual studio. Its studio is used to create music videos for recording artists as well as multimedia projects. It also produces TV commercials, infomercials, and other video-related products. A talented staff of animators, visual…

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MondayMar 17, 2008 6:12 am

Local.com Corp. (LOCM) Announces 12 New License Agreements, Has Record Network Traffic and is A Featured Presenter at Today’s Search Engine Strategies Conference

Local.com Corporation (NASDAQ:LOCM), a striving search engine, will be a featured presenter at the Search Engine Strategies (SES) Conference being held at the New York Hilton in New York, New York. The conference will begin today and run through March 20, 2008. The US website and local search network attracts millions of visitors each month. The company serves both the US and UK markets. This morning, Local.com announced twelve new license agreements for its local search Patent No. 7, 231,405. The company also announced the expansion of the Local Connect search network that publishes business information on over 570 regional…

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MondayMar 17, 2008 4:12 am

L. B. Foster Company (FSTR) at the Foundations of National Economic Development

Investors with long term perspectives will be especially interested in value stocks from the Miscellaneous Fabricated Products Industry. The entire Basic Materials Sector has superior prospects in the current economic climate. Companies in infrastructure construction stand to gain significantly from the stimulus package. Many companies in this sector are from the large capital category, so a stock with market capitalization below $500 million is particularly attractive. This company has fared surprisingly well during the difficult market conditions that have prevailed in the recent past. Annual sales growth over the past four quarters has been 30.58 against 12.98 for the industry.…

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