MondayDec 12, 2011 9:17 am

VHGI Holdings, Inc. (VHGI) Extends Letter of Intent to Purchase Indiana Coal Company with Strategic Indiana Mine

VHGI Holdings, Inc., a diversified company with assets and interests focusing on opportunities within the Precious Metals and Energy Resources Markets and its wholly-owned operating company, VGHI Coal, Inc., announced that it has extended its binding letter of intent until January 30, 2012 for the purchase of an Indiana-based company that operates a coal mine. The company has a right to mine 2,800 acres that are expected to yield 21 million saleable tons of coal with the ability to grow to 80 million recoverable tons. The mine is anticipated to be in full production by January 2012 with the assistance…

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MondayDec 12, 2011 9:14 am

CytoSorbents Corp. (CTSO) Signs $8.5 Million Purchase with Lincoln Park Capital

CytoSorbents Corp. recently announced the signing of an agreement with Lincoln Park Capital that would see CytoSorbents selling up to $8.5 million of its common stock to Lincoln over the course of 32 months. CytoSorbents is a critical care-focused therapeutic device company using blood purification to treat life threatening illnesses. The blood purification process is achieved through technology based on porous polymer beads that are able to remove toxic substances from blood and other bodily fluids. CytoSorbents' flagship product, CytoSorb, has achieved European regulatory approval as of March, 2011. CytoSorb and HemoDefend, development-stage blood purifying technology, are two of the…

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FridayDec 09, 2011 5:13 pm

Thunder Mountain Gold, Inc. (THMG) Signs LOI to Acquire Private Oil and Gas Company

Thunder Mountain Gold, Inc. reported that the company has signed a non-binding letter of intent to acquire Green River Energy Corp., a private oil and gas company based in the United States. The company is participating in the deal with the Hess Group, the largest principal shareholder of the target company. Green River Energy owns a working interest in 100,000 acres of producing oil and gas leases in the Monument Butte oil field located in the Uinta Basin in Utah. The company also owns 4,000 acres of leases in other producing basins in the United States. Thunder Mountain Gold will…

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FridayDec 09, 2011 5:11 pm

AlumiFuel Power Corp. (AFPW) Moves to Expand Intellectual Property Portfolio to Include New Hydrogen Storage and Generation Technologies

Today, AlumiFuel Power Corp. wholly-owned subsidiary, AlumiFuel Power, Inc. reported an initiative to evolve beyond its existing IP platform in custom nano-formulated dry-hydrogen fuels (uniquely cartridge packed) with proprietary reactants, into other aluminum and non-aluminum hydrogen storage/generation technologies. Already in a leading position as the first company to successfully commercialize the novel aluminum/water/additive exothermic chemical reaction technology, AFPW also has the manufacturing competencies to deliver a complete systems model, as evinced by the PBIS-1000 generator. Designed for ruggedized functionality in military-suitable applications, the PBIS-1000 CAD drawings were done at AFPW in Philadelphia, Pennsylvania and fabrication is all handled by domestic…

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FridayDec 09, 2011 3:32 pm

Applied DNA (APDN) Reports Fiscal 2011 Financial Results, Highest Revenue in Company History

Applied DNA Sciences Inc., provider of patented DNA security solutions, today announced its earnings for the fiscal year ended Sept. 30, 2011, reflecting record revenues in the company's history to date. "While this is our best year yet, we are just beginning to see the fruits of our labor. The company is at a critical juncture in its development, its reputation and relationships expanding continuously. We are grateful for the continued support of our customers, strategic partners, employees and investors this year. We have made significant progress toward our goals and we believe our vision and strategy will take us…

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FridayDec 09, 2011 1:23 pm

Marley Coffee (JAMN) Partners with BUNN for New Custom-Branded Coffee Maker

Sip the holiday spirit this season with Marley Coffee’s new custom-branded coffee maker, the Marley Coffee MyCafe Pod Brewer. Produced in partnership with BUNN®, the MyCafe Pod Brewer combines BUNN’s quality power machines and Marley’s environmentally friendly and delicious Coffee and Tea pods. "This is a truly wonderful partnership that falls in line with our core values," remarked Rohan Marley, chairman of Marley Coffee. "The Marley Coffee MyCafe Pod Brewer by BUNN, combined with our environmentally friendly pods, are true to ITAL, the guiding principle behind Marley Coffee. This ensures all our products are sustainably grown, ethically farmed, and artisan…

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FridayDec 09, 2011 10:15 am

L&L Energy, Inc. (LLEN) Signs Long Term Joint Sales Agreement with Tianjin Fuhao to Sell One Million Tons of Coal in China

L&L Energy, Inc., a U.S. based coal company focused on high margin coal operations in the People's Republic of China, today announced it has entered into a joint sales and marketing agreement with its strategic partner Tianjin Fuhao Industrial Co. Ltd., a major coal wholesale company with extensive resources in trade and logistics. Starting in February 2012, Tianjin Fuhao will jointly sell/market with L&L and its China subsidiaries one million tons of both coking and thermal coal in China during calendar year 2012. This is the second one million ton strategic marketing partnership for L&L this week. Earlier, L&L's DaXing…

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ThursdayDec 08, 2011 4:44 pm

Sauer Energy (SENY) Inks Letter of Intent for Acquisition of City Windmills

Sauer Energy, Inc. (“SEI”) today announced that it has signed a non-binding letter of intent (LOI) with City Windmills Inc. in a deal that could strengthen the company’s position in the renewable energy market. The LOI sets the table for discussion between SEI and City Windmills regarding SEI’s acquisition of City Windmills and its Government contract for the wind power sector. If executed, SEI said it expects the deal to aggressively expand its operations. "The reason we are pursuing this acquisition, which we feel is a monumental step for our company and its shareholders, is to open up new channels…

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ThursdayDec 08, 2011 2:40 pm

Drop in Unemployment Applications Points to Improving Job Market

For the first time in 9 months, the Labor Department reported on Thursday that the number of applications for unemployment benefits fell to a seasonally adjusted 381,000, a drop of 23,000. It was the lowest the number has been since February, and further indication that the overall job market is slowly getting better. In addition, the four week average for applications dropped to 393,250, its lowest point since April. All of this strengthens the optimism generated in November when the government announced that the unemployment rate had decreased dramatically from 9.0% to 8.6%, its lowest point since mid-2009, although the…

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ThursdayDec 08, 2011 12:24 pm

IGI Laboratories, Inc. (IG) Enters Long Term Strategic Partnership with Medimetriks Pharmaceuticals

IGI Laboratories Inc., which engages in developing, manufacturing, filling, and packaging topical semi-solid and liquid products for cosmetic, cosmeceutical, and pharmaceutical customers in the US, announced that it has entered a long term strategic partnership with Medimetriks Pharmaceuticals, Inc. This strategic partnership names IGI Laboratories as the developer and manufacturer of a family of prescription topical drug products, which are owned by Medimetriks Pharmaceuticals. Also, as a part of this longterm partnership, Medimetriks has designated IGI as its authorized generic distributor of select products in this line. Medimetriks is expected to launch its new line of prescription topical brands in…

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