MondayMar 03, 2008 5:04 am

DRS Technologies, Inc. (DRS) Announces $98.3M Contract to Provide JV-5 Computing and Display Systems

DRS Technologies, Inc. (DRS) announced receipt of a contract worth $98.3M to provide JV-5 ultra-rugged vehicle computing and display systems for the Force XXI Battle Command, Brigade and Below (FBCB2) and Blue Force Tracking (BFT) programs. These programs support U.S. Army and Marine Corps situational awareness requirements. The company received the contract from the Army’s Communications and Electronics Command, Life Cycle Management Command at Fort Monmouth, New Jersey. DRS, based in Parsippany, New Jersey, is a supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The objective of the Army’s FBCB2 and BFT…

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MondayMar 03, 2008 5:02 am

Aaron Rents, Inc. (RNT) Reports Fourth Quarter and Fiscal Year End Results

Aaron Rents, Inc. (RNT), based in Atlanta, Georgia, currently has over 1,565 Company- operated and franchised stores in 48 states and Canada for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances. The company also manufactures furniture, bedding and accessories at 12 facilities in five states. The company recently announced its fourth quarter and fiscal year end results. For the fourth quarter 2007, revenues increased 14% to $388.6M compared to $339.9M for the fourth quarter 2006. Net earnings were $15.5M versus $19.0M for 2006. The Aaron’s Sales & Lease Ownership division increased its revenues…

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SaturdayMar 01, 2008 7:38 am

Sustainable Power Corporation (SSTP.PK) and Subsidiary of Borneo Oil Enters Into Share Subscription Agreement

Sustainable Power Corp. announced that Borneo Energy Sendirian Berhad (BOE), a Malaysian-based company and an entirely owned subsidiary of Borneo Oil and Gas Corp. Snd Bhd, entered into a Share Subscription Agreement with Sustainable Power Corp. The plan is to purchase 50,000,000 restricted shares of SSTP and the initial deposit required has now been received by SSTP. In addition, Sustainable Power Corp. has also entered into a technical collaboration term sheet with BOE. There will be two stages of implementation for this agreement of the Technical Collaboration as follows: Stage one (lasting about 6 months) involves the immediate creation and…

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SaturdayMar 01, 2008 7:35 am

NavStar Technologies, Inc. (NVST.PK) Announced Second Generation Product Design for Voice Navigator II™

On February 29th, NavStar announced the second generation product design concept for Voice Navigator II™, an innovative product that has a wide range of advanced yet easy-to-use features. It will be an all-in-one, cutting-edge designed slim device that combines hands-free calling, voice navigation and total voice input. The device will transform GPS navigation and the hands-free calling into an affordable, easy-to-use and safe experience. Voice Navigator II™ is designed to maximize safety and easy usage and will make the device very safe to use. More unique features will be announced in the next few weeks. Elizabeth Mazzae of National Highway…

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SaturdayMar 01, 2008 7:33 am

Martin Nutraceuticals, Inc. (MNCL.PK) Provides Company Updates to Shareholders

Martin Nutraceuticals Inc., a company focused on providing better health and lifestyle through natural products, recognized a shift from retail to distribution to new media, specifically DRTV, a direct response television. The Company aired a series of test market runs for its DRTV campaign (otherwise known as an infomercial) that showed successful. This infomercial aired on Fit TV, Biography, AmericanLife TV network and History International (national networks); as well as WRNN-TV (regional network). The test market allowed Martin Nutraceuticals to see ideal target demographics. This is allowing Martin Nutraceuticals the ability to develop relationships with recognized industry experts and also…

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SaturdayMar 01, 2008 7:31 am

Conspiracy Entertainment Holdings Inc. (CPYE) Announces New Nintendo Wii™ Multiplayer Game to Hit Shelves March 2008

Conspiracy Entertainment, a publisher, marketer and developer of interactive entertainment software, announced that the multiplayer puzzler game Octomania will hit North America retailers in March 2008. The original story behind Octomania is one of teasing mayhem, filled with whimsically comical and loveable characters. This is a fast-paced color-matching puzzle and appropriate for all ages. “Octomania is one of our first titles planned for release in 2008 in what already looks like a busy quarter.” said Sirus Ahmadi, President of Conspiracy Entertainment. “With its ‘E’ for everyone rating, tons of content, multiplayer and Wi-Fi modes, and affordable price points, Octomania strengthens…

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FridayFeb 29, 2008 7:28 pm

OTCPicks Featured Company: Immunicon Corporation (IMMC) Awarded Clearance from FDA of CellSearch™ Circulating Tumor Kit

Immunicon Corporation was recently issued clearance by the FDA of the CellSearch™ Circulating Tumor Cell Kit for monitoring patients with metastatic prostate cancer. Using the CellSearch™ kit, samples of a patient's blood is processed to occupy and count CTC's. The company saw a rise of 50.00% as trading began this morning. The kit is now cleared for three of the four most prevalent cancers. Originally cleared in January of 2004, the kit was then predicting progression-free and overall survival in patients with metastatic breast cancer, and expanded after to include monitoring. In November of 2007, the kit was cleared by…

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FridayFeb 29, 2008 7:26 pm

OTCPicks Featured Company: NutriPure Beverages, Inc. (NUBV.PK) Welcomes New CFO in Lieu of Potential Move to Higher Exchange

NutriPure Beverages, Inc. announced the naming of Sherry M. Tapp as its new Chief Financial Officer and is taking additional steps to prepare the company for possible moves to either a fully reporting pink sheets company, or to a higher exchange. The company saw a rise of 50.00% in this morning’s trading. Enrolling and graduating from Hamburg University in Hamburg, Germany, Ms. Tapp brings more than 20 years of accounting experiences in a wide area of settings. For the past three years she has served as the Budget Financial Analyst for K. Hovnanian Enterprises, Inc. located in Mesa, AZ. During…

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FridayFeb 29, 2008 3:06 pm

Credit Issues Not Done

Although it’s being treated as old news by the market, maybe it shouldn’t be. We’re speaking of the persistent credit issues, which keep cropping up in a number of disturbing ways. This week’s most notable entry in the ongoing financial soap opera which began as last year’s subprime mortgage woes is more credit concerns with regard to the bond insurers, MBIA (NYSE: MBI) and Ambac (NYSE: ABK). This is the latest twitch in a secular credit spasm that has corrosively worked its way through the homebuilding industry’s freefall, the banks’ and financial institutions’ erosions, the retailers’ drop, and most recently,…

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FridayFeb 29, 2008 2:51 pm

STAAR Surgical Company (STAA) Receives Approval to Market STAAR Visian™

STAAR Surgical Company, a leading developer, marketer and manufacturer announced the approval from the State Food and Drug Administration of the People’s Republic of China for the go ahead in the marketing of STAAR Visian™ Toric Implantable Collamar Lens to eye care professionals for the treatment of astigmatism and nearsightedness. Barry G. Caldwell, President and CEO of STAAR Surgical noted, “This approval has significant strategic importance for STAAR and positions us for continued growth in China. The approval of both the Visian Toric ICL and the Visian Hyperopic ICL represents a solid endorsement of the STAAR technology. The Visian Myopic…

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