FridayJun 08, 2007 3:57 pm

RedChip Highlights: American Mold Guard (AMGI), as Company Recently Holds Annual Meeting

American Mold Guard, Inc. (NasdaqCM:AMGI), the industry leader in the field of antimicrobial surface treatment services, recently held its 2007 annual meeting of stockholders last Friday, June 1, 2007. American Mold Guard, Inc. (NasdaqCM:AMGI), was founded in 2002 and its services are primarily focused on the real estate construction industry in California, Texas, Louisiana, Mississippi, Florida, North Carolina and South Carolina, with active expansion throughout the United States. Its customers include many of the largest national and regional homebuilders. Let us hear your thoughts below: 

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FridayJun 08, 2007 1:16 pm

Lusora Healthcare Systems Inc. (LHCS.OB) to Acquire Texas Firm

Lusora Healthcare Systems Inc. (LHCS.OB) reported recently that subject to final agreement and due diligence, it will acquire AHS of Austin, Texas. AHS is the leading PERS (Personal Emergency Response System) company in the State of Texas.   The acquisition comprises three companies under the AHS banner -- Associated Home Services, AE Medical Alert and Z-Tech. Both Associated Home Services and AE Medical Alert are retailers of Personal Emergency Response Systems through a network of more than 40 independent distributors in the State of Texas. Their customers range from private paying customers to the State of Texas government program for…

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FridayJun 08, 2007 1:05 pm

Red Chip Features: Osteologix, Inc. (OLGX.OB), as Company Raises Five Million in Private Placement

Osteologix, Inc. (OLGX.OB) recently reported that it has closed a financing in which the company has sold common stock and warrants to purchase common stock to both new and existing investors for gross proceeds of $5,050,000. Under the terms of the purchase agreement, Osteologix issued 3,825,754 shares of common stock and 1,912,877 warrants to purchase common stock to the investors. The common stock was sold for a purchase price of $1.32 per share. The warrants have an exercise price of $1.20 per share and expire on August 31, 2008.   "This financing, which we were able to complete at a premium to the…

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FridayJun 08, 2007 1:05 pm

SOLN Teams up with Jamcracker & Boasts Strong Cash Position

Shares of Smart Online Inc. (OTCBB: SOLN) were trading up 7 cents (3 percent) to $2.27 per share on volume of 32,700. The company recently announced a deal with Jamcracker, an on-demand services company, where the OneBiz platform of private-label small business applications will be available for resale through the Jamcracker Services Delivery Network (JSDN) beginning in the third quarter of 2007. JSDN allows service providers, resellers and vendors to deliver on-demand services to businesses and consumers. This partnership will enable Jamcracker to offer SOLN’s private-labeled small business software platform, OneBiz, through its global services-delivery network to resellers, including communication…

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FridayJun 08, 2007 12:47 pm

CanAm Uranium Corp. (CAUI.OB) Reports Drilling Progress at Bancroft Project with Analysis Due within Two Weeks

CanAm Uranium Corp. (CAUI.OB) reports the completion of nine drill holes on the Amalgamated Rare Earth #2 project in Bancroft Ontario by Operator El Nino Ventures Inc. between May 1 and May 28th, with a total of 1,989 m (6,525 ft.) drilled. El Nino is going to expedite results by putting semi-rush status on core samples from the later holes. When the results come in over the next two weeks, a summary of findings will be delivered to CanAm Uranium Corp. and published online. CanAm Uranium Corp. is actively working on compiling the data within the optioned Bancroft Ontario projects drilled,…

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FridayJun 08, 2007 12:02 pm

SWAT Systems (SWAT) Perfects CommandGrid System

The Security With Advanced Technology Systems Company (Nasdaq: SWAT) recently told Market News First that the testing of its updated remote-user Internet-based security system - otherwise known as "CommandGrid" - was going well."It's basically a security solution that we're designing mainly for small businesses ... that's Internet-based," SWAT Systems spokesperson Heather Black said. "So anyone with computer access can access the security." According to Black, the CommandGrid system is an Internet-based client that functions much like any secure Web site - you enter your account's user name and password, and then access your system. What's different is that the system…

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FridayJun 08, 2007 12:02 pm

Alternate Energy Holdings (AEHI.PK) Pursues Nuclear Energy and Lightening Energy

Formed by a group of retired energy industry executives, Alternate Energy Holdings (Pink Sheets: AEHI) was founded to assist the country in becoming less energy interdependent. One of the company's biggest projects, building a nuclear power plant in Idaho, is underway. Alternate Energy expects the Idaho Energy Complex to have the capability to generate ethanol for less than $1.00 per gallon. Ethanol's current going rate is about $2.00 per gallon.The Energy Complex is a proposed commercial nuclear power plan/bio-fuel generation facility anticipated to generate enough power to accommodate Idaho's growing demand for electricity while eliminating fossil fuels as a power…

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FridayJun 08, 2007 12:02 pm

Bootie Beer Changes Ticker Symbol to TMTP

Shares of TMT Capital Corporation (OTCBB: TMTP) were up 17 cents (31 percent) to 72 cents per share today on volume of 6,250. The company announced today that its common stock will commence trading on June 8, 2007, under the new trading symbol TMTP.The new name and symbol change reflect the new company strategy to acquire majority owned interests in emerging, private companies that target multi-billion dollar industries and have a unique point of difference. The company's latest unaudited financial statements for the three months ended March 31, 2007, reflect negative cash flows from operations of ($151,298) and a net…

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FridayJun 08, 2007 12:02 pm

Terax Energy Jumps 88 Percent on News of Acquisition

Share prices for independent oil exploration company Terax Energy (OTCBB: TEXG) exploded today after the company announced it was being acquired by Beverly Hills-based oil and gas exploitation company Westar Oil, rising more than 80 percent immediately after market open.According to a recent press release, Westar Oil recently acquired the senior debt position held by third party creditors in the amount of $3 million and intends to convert that debt into stock of Terax energy at a value of $6.75 a share. The release also said that Westar intends to enter into a share exchange agreement with Terax in which…

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FridayJun 08, 2007 12:02 pm

Top Closers with Big News

Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.MCF Corporation (AMEX: MEM) shares were up 35 cents, or 8 percent, to $4.85, on volume of 100,300 at the market's close today. Shares climbed steadily throughout the day after the company announced the "Inside Wall Street" column in "Business Week" featured MCF and their strategy to focus on the microcaps. MCF has shown steady sales gains over the past…

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