ThursdayNov 17, 2011 1:00 pm

NetSol Technologies, Inc. (NTWK) Enters Agreement with Minsheng Financial Leasing Co. to Implement NetSol Financial Suite Solution

NetSol Technologies, Inc., a company that designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide, announced that it has signed an agreement with Minsheng Financial Leasing Co. (MSFL), a leader of aircraft leases in Asia, for the implementation of the NetSol Financial Suite Solution. The agreement, which includes product licenses, on-site implementation services, and business process consultancy, extends and reaffirms a strategic partnership between Minsheng and Netsol that had begun back in 2009. The two parties had previously signed a multi-million dollar contract for Mingsheng Financial Leasing’s core leasing system.…

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ThursdayNov 17, 2011 11:12 am

International Fuel Technology (IFUE) Announces Rail Progress to Belgium

Located in St. Louis, Missouri, International Fuel Technology has quickly earned a reputation as a top fuel performance enhancement company that is focused on providing its technology to large and industrial consumers across the sector. Today, the company took a major step towards prominence with the announcement they will expand rail progress to Belgium. The National Railway Company of Belgium (SNCB) will commence field validation of DiesoLiFTTM 10, which is IFT’s proprietary surfactant-based fuel additive formulation for utilization with diesel and bio-diesel fuel blends. This will allow for dramatic progress in opening up markets in both Western and Eastern Europe…

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ThursdayNov 17, 2011 9:44 am

Universal Detection Technology (UNDT) Announces Record Third Quarter Revenues

On Wednesday, Universal Detection Technology announced that the Company's revenues for the quarter ended September 30, 2011 were the highest quarterly revenues in more than three years. The increase is mainly due to high demand for radiation detection equipment domestically and internationally. The Company is also starting to see increased sales from their newly remodeled online store. Universal Detection Technology’s third quarter revenues increased 6,000 percent to $113,519 from $1,821 during the third quarter of the prior year. The unfortunate nuclear disaster in Japan created a large market for equipment used for detection of harmful radiation in the ambient environment…

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ThursdayNov 17, 2011 9:41 am

PositiveID Corp. (PSID) Receives Clearance from FDA for iglucose™ Mobile Health System

PositiveID Corp., a developer of diabetes management medical technologies, announced that it has received clearance from the U.S. Food and Drug Administration for its iglucose™ mobile health technology. The iglucose technology revolutionizes the way in which people with diabetes manage their condition; by communicating glucose readings from data-capable glucometers to the iglucose portal, family members, caregivers and healthcare professionals can all access the important data. PositiveID’s technology responds to the call by the American Diabetes Association and the CDC for those affected by diabetes to self-monitor and give glucose readings to their healthcare professionals. An American Association of Diabetes Educators…

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ThursdayNov 17, 2011 9:38 am

Deyu Agriculture (DEYU) Posts Solid Increases in Q2 Financial Performance

Deyu Agriculture Corp., a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in the Shanxi Province of the People's Republic of China, yesterday reported its financial results for the second quarter ended June 30, 2011. The company reported a 182 percent increase in revenue for the second quarter of 2011 to $52.0 million compared to $18.5 million reported in the comparable quarter of 2010. Gross profit for the second quarter of 2011 improved 88 percent to $8.9 million compared to $.4.7 million in the second quarter of 2010. Deyu's…

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WednesdayNov 16, 2011 5:08 pm

Webxu, Inc. (WBXU) Acquires Lot6 Media

Earlier today, Webxu, Inc. announced that they had acquired Lot6 Media, Inc., an online marketing company. Lot6 Media is a wholly owned subsidiary of Lot6 Media, LLC. Lot6 is involved in several sectors of the marketing industry, such as data monetization, optimization technology, and business-to-business lead generation. Headquartered in Los Angeles, Webxu is a media company focused on consumer acquisition, e-commerce and social media. Webxu operates several web brands, such as Bonus.com, Paydayloan.net and dollarblvd.com, as well as operating the Bonus Interactive brand. Through the end of September 2011, Lot6 had unaudited revenue of $16.4 million, and EBITDA of $3.2…

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WednesdayNov 16, 2011 3:17 pm

Misonix, Inc. (MSON) Secures Key Distribution Agreement for Ultrasonic BoneScalpel in Thailand with JPL Medical

Misonix, developers of a wide range of revolutionary medical devices based on the Company’s advanced ultrasonic technology, ranging from wound care systems that remove necrotic materials and devitalized tissue to high-power surgical cutters like the BoneScalpel™ Ultrasonic Bone Cutter, reported entry into an exclusive three-year distribution agreement for the BoneScalpel with one of Thailand’s top medical device marketers, JPL Medical Co., Ltd. Preisdent and CEO of MSON, Michael A. McManus, Jr., offered an inside peek at this latest endeavor in the Company’s campaign to dynamically grow its presence in Asian markets, hailing the relationship with JPL as a fundamental key…

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WednesdayNov 16, 2011 11:43 am

CUI Global, Inc. (CUGI) Enters Three Year Exclusive Distribution Agreement with Orbital UK for Vergence™ GasPT2 Device

CUI Global Inc., a company engaging in commercializing thermal management solutions for LED display, semiconductor, and electronic packaging industries, announced that it has entered into a three year exclusive distribution contract with Orbital-UK for marketing, sales, distribution, and service for its Vergence™ GasPT2 gas metering technology in the United Kingdom. The agreement is for the sale of as many as 1,500-2,000 units and is valued from $30,000,000-$40,000,000 over a period of three years. The Company expects to begin delivering the product in the late first quarter of 2012. Orbital has suggested that, conservatively, there exist thousands of natural gas metering…

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WednesdayNov 16, 2011 10:20 am

Companies on OTCBB Compete for Trading Activity and Market Support

Volume in the OTCBB market has fallen drastically since 2006 when annual total dollar volume totaled approximately $50.1 billion. The largest drop in trading activity occurred during the financial market crisis of 2008 when dollar volume fell from $43.0 billion to $18.3 billion. Although last year’s numbers reflected a recovery, the total dollar volume is still drastically lower than it was just five years ago. View the graph below for a better representation of this data: With an estimated 15,000 publicly traded companies, it’s no surprise that many stocks are not getting the attention they deserve from investors. As a…

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TuesdayNov 15, 2011 6:19 pm

Obscene Jeans Corp. (OBJE) Creates New Subsidiary to Complete Acquisition in Social Media Sector and Grow Company

Obscene Jeans Corp., a luxury brand of woman's jeans sold internationally from a home base in Florida, today announced that it has created a new subsidiary, Obscene Interactive LLC, in order to finalize the acquisition of an emerging social media analytics firm A-Plus Technologies. This acquisition is key to OBJE's plan for company growth by moving further into the growing $10 billion social media market. The proprietary algorithms that A-Plus Technologies uses to capture consumer trends and data from social media platforms are extremely valuable to clients seeking to better market their products to targeted customers. “Not only have revolutionary…

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