ThursdayDec 15, 2011 10:15 am

Wizzard Media Corp. (WZE) Moves Closer to Finalizing Acquisition of China’s Largest Digital Music Distributer FAB

Wizzard Media, a Pittsburgh based company that provides podcast publishers with distribution and monetization services, announced they are nearing completion of the acquisition of China's leading digital entertainment products provider, FAB. The companies are working through the last due diligence issues and creating the final closing agreements. Once the deal is deemed to meet all regulatory requirements and approved by each company's shareholders, the plan is for the U.S. management team of Wizzard Media, including the CEO and CFO, to remain with the addition of the CEO of FAB, Hongchung Zhang, as Chairman of the Board. John Busshaus, CFO Wizzard…

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WednesdayDec 14, 2011 2:16 pm

PositiveID Corp. (PSID) Reviews Successes in 2011 and Expresses Optimism for the Future

PositiveID Corp., a developer of medical devices and biological detection systems focusing primarily on diabetes management, rapid medical testing, and airborne bio-threat detection, today issued a press release review its major accomplishments in the past year. As 2012 approaches, PositiveID is excited to look into the future for more fantastic developments as well as revenues from the initial rollout of iglucose™. One of the major accomplishments for the company includes receiving FDA clearance for iglucose™ and successfully completing Federal Communications Commission (FCC) requirements to be retailed in the U.S. PositiveID has also completed a prototype of Easy Check(TM), a non-invasive,…

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WednesdayDec 14, 2011 12:17 pm

Threshold Pharmaceuticals, Inc. (THLD) Reports Promising Results in Phase 1 Trial for Leukemia

Threshold Pharmaceuticals, Inc. is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in most solid tumors as well as the bone marrows of some hematologic tumors. The company announced today clinical trial results of the Phase 1 study of TH-302 in patients with advanced leukemia. Thirty-two patients with either acute myelogenous leukemia (AML) or acute lymphoblastic leukemia (ALL) have been enrolled in the trial so far. The study is taking place at the MD Anderson Cancer Center in Houston, Texas. The starting dose in the trial was 120 mg/m2…

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WednesdayDec 14, 2011 12:15 pm

CounterPath (CPAH) Posts Q1 Results, Business Highlights and Achievements

CounterPath Corp., a provider of desktop and mobile VoIP software products and solutions, today announced its financial and operating results for its first fiscal quarter of 2012 ended July 31, 2011. CounterPath reported first-quarter revenue of $2.8 million, a 24 percent increase over the $2.2 million reported for the comparable three months of fiscal 2011. Software revenue for the quarter ended July 31, 2011, was $1.6 million compared to $1.8 million for the same quarter last year. Service revenue for the first quarter was $1.2 million compared to $0.4 million for same quarter last year. CounterPath posted a non-GAAP operating…

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WednesdayDec 14, 2011 11:15 am

Rainbow Coral Corp. (RBCC) Pursuing Membership in BiotHouston Life Science Research Group

In the past year, Rainbow Coral Corp. has aggressively pursued relationships with researchers, scientists and other professionals throughout the biotech industry; yesterday, the company announced that it is in the process of becoming a member of BioHouston, a prominent life science research group. The company expects the partnership to provide innumerable opportunities to connect with investors and researchers alike. Annually, BioHouston hosts over 80 networking events where attendees typically include academic and research institutions as well as life science companies. With over $1.8 billion in annual academic research investments and over 160 life science companies, Houston, TX attracts venture capitalists…

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WednesdayDec 14, 2011 10:16 am

TiVUS, Inc. (TIVU) Announces Completion of Two-Year Audit

Today before the opening bell, TiVUS, Inc. announced it has posted its completed independent audit of its fiscal years 2009 and 2010 at OTC Markets Group (www.otcmarkets.com). "We are pleased our PCAOB-compliant audit was concluded successfully," stated Shiva Prakash, TiVUS' chief executive officer. "With this important milestone behind us, we can move forward with all necessary regulatory filings to register our securities and become a fully reporting public company under the United States Securities & Exchange Commission (SEC).” Prakash continued, "In conjunction with the audit's completion, we are currently preparing SEC Form 10 to register our securities and qualify for…

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WednesdayDec 14, 2011 9:58 am

Stakool Inc. (STKO) Subsidiary Taps into the Corporate Catering Market

Stakool Inc. recently announced that their wholly owned subsidiary, Anthus Life Corp., is tapping into the corporate catering market for sales growth of their Natural plus Energy™ product line. The Company has engaged in a rewarding relationship with one of Las Vegas' premier resorts, Red Rock Resort. Red Rock is the crown jewel in the Station Casinos family of entertainment destinations. The resort has added Anthus Life's Natural plus Energy™ product line as an option to their Healthy Break menu. This allows their event coordinators the ability to integrate a fixed price healthy snack break for corporate customers desiring to…

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WednesdayDec 14, 2011 9:55 am

Eurozone Crisis Continues to have Risks for U.S. according to Fed but Domestic Improvements Noted

The Federal Reserve in a statement on Tuesday pointed to the problems in Europe as still posing a big risk for the US economy even as it noted some improvements to the U.S. labor market. The Fed left the door open for further easing of monetary policy. It characterized the U.S. economy as moderately expanding even with the slowing of global growth and said that unemployment remained high while the housing market was depressed. “The committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually,” the…

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WednesdayDec 14, 2011 9:50 am

Elephant Talk Communications (ETAK) Expands with AirTouch Communications

Yesterday, Elephant Talk Communications announced that it had signed a contract to provide a carrier grade mobile services platform for AirTouch Communications. The contract is under another recent agreement that AirTouch signed with LightSquared, a wholesale carrier that is building a national wireless broadband network. The contract between AirTouch and LightSquared is for 4G LTE wireless services. Elephant Talk Communications is focused on providing software and services to both the telecommunications and financial services industries. The company's products range from remote health care services, credit card fraud prevention and mobile internet ID security to discounted phone services. AirTouch is focused…

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WednesdayDec 14, 2011 9:47 am

3DIcon Corp. (TDCP) and University of Oklahoma’s CSpace Granted another Patent

The U.S. Patent and Trademark Office has granted a second patent for CSpace®. Patent # 8,075,139 for the volumetric, three-dimensional projection and display technology was awarded to the University of Oklahoma under its Sponsored Research Agreement with 3DIcon. The first patent was granted in December 2010. 3DIcon had signed an SRA with OU in 2006 to develop the technology now known as CSpace. Per the terms of the SRA, OU owns the patent for CSpace and 3DIcon has the exclusive worldwide marketing rights to technology. Titled "3D Light Surface Display," this second patent describes and protects an invention that uses…

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