FridaySep 02, 2011 12:55 pm

Emmis Communications Corp. (EMMS) Unloads 3 Stations to Merlin for $120 Million

Emmis Communications Corp. announced after Thursday’s close that it has finalized the sale of three radio broadcast stations to Merlin Media, LLC. Emmis also sold a controlling interest in Merlin Media to private equity firm GTCR of Chicago and Randy Michaels. Stations subject to the transaction were WKQX-FM and WLUP-FM, both of Chicago, and WRXP-FM of New York. Emmis got about $120 million in cash from the sale, net of transaction expenses, and still owns $28.7 million of preferred equity plus 20.6% of the common equity interests in Merlin Media. Emmis used the cash to repay roughly 38% of its…

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FridaySep 02, 2011 12:49 pm

Imperial Resources, Inc. (IPRC) Salt Water Disposal Facility in Heart of Barnett Shale Penetrates Ellenburger Formation

Imperial Resources, focused on low risk, domestic onshore oil and gas production via wholly-owned subsidiary, Imperial Oil & Gas, Inc., reported successful penetration into the target Ellenburger formation on its Green Tide SWDF (Salt Water Disposal Facility) well, which, at 7,500 feet, is now 600 feet into the formation. The Green Tide SWDF is ideally positioned to facilitate huge amounts of salt water generated by extensive fracture stimulation by the many gas wells operating in the Barnett Shale; with some 6k such wells in just a 20-mile radius of the site. The SWDF will be continued to a depth of…

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FridaySep 02, 2011 10:36 am

Great Wolf Resorts, Inc. (WOLF) Video Chart for Friday, September 2, 2011

WOLF has been on a great climb, closing green on seven of the last eight days, but is sitting at a resistance point now at $3.00. This video takes a look at what is going on with the chart and how technical traders use support and resistance to try and determine future price movements. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

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FridaySep 02, 2011 9:56 am

Dais Analytic Corp. (DLYT) Receives Patent for Prototype of Energy Storage Product with Multiple Potential Infrastructure Applications

Dais Analytic Corp., a clean technology firm commercializing nanotechnology inventions, announced that the United States Patent Office has awarded the Company U.S. Patent Number 7,990,679 for its "Nanoparticle Ultracapacitor". The device, known as "NanoCap," uses Dais's commercial family of Aqualyte™ nano-structured materials to create an energy storage mechanism projected to have performance and cost advantages over existing storage technologies. This ultracapacitor has the potential for use in large projects like "smart grid" power and small projects like consumer electronics. With the advent of such an energy storage device, electricity from intermittent electricity generators like solar panels and wind turbines could…

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FridaySep 02, 2011 8:25 am

Cytomedix (CMXI) Seeks to Extend Market Reach through 510(k) Submission to FDA

Cytomedix Inc., a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, announced it recently submitted a 510(k) to the U.S. Food and Drug Administration (FDA) for extended use of the company's Angel® Whole Blood Separation System to process a bone marrow aspirate. Angel is a blood processing device and disposable products currently used to separate whole blood into red cells, platelet poor plasma (PPP) and platelet rich plasma (PRP). By expanding the use of the Angel System to the production of PRP, Cytomedix gains ground to advance into markets within personalized regenerative medicine. Citing market…

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FridaySep 02, 2011 8:21 am

Axion Power International, Inc. (AXPW) to Present at Upcoming Rodman & Renshaw Annual Global Investment Conference

On Thursday, Axion Power International, Inc. announced that they would present at the upcoming Rodman & Renshaw Annual Global Investment Conference to be held September 11 to 13, 2011, at The Waldorf Astoria in New York, New York. Axion Power International, Inc. is the developer of advanced lead-carbon PbC® batteries and energy storage systems. Mr. Thomas Granville, Chief Executive Officer of Axion Power, is scheduled to present Tuesday, September 13, 2011 at 1:35 pm in the Gramercy Suite located in the Executive Meeting Centre (18th floor). Mr. Granville will discuss the Company's business strategy and recent developments. Headquartered in New…

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ThursdaySep 01, 2011 11:10 am

ENSERVO Corp. (ENSV) Expands Operations to Serve Customers with Opening of Cheyenne, Wyoming Operations Center

With operating subsidiaries across the United States, ENSERVO has rapidly emerged as one of the energy service industry’s leading providers of hot oiling, acidizing, frac heating and fluid management services. Today, ENSERVO took another step forward with the announcement they have opened a new operations center in Cheyenne, Wyoming. The new facility will help expand the market share of the young company. It was established to support an expanding roster of customers operating in the active Niobrara Shale formation in southeast and central Wyoming. With this announcement, management at ENSERVO expects demand for the corporation’s core heating services to expand…

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ThursdaySep 01, 2011 11:06 am

Share Repurchase Program Announced by G. Willi Food-International Ltd. (WILC)

Israeli-based G. Willi-Food International specializes in high quality, great tasting kosher food products. The company is engaged directly and through its subsidiaries in the design, import, manufacture, marketing and distribution of over 1,000 food products worldwide. It has over 1,500 customers around the globe including retail and supermarket chains. G. Willi-Food announced today that its board of directors has authorized a share repurchase program permitting the company to repurchase up to $5 million of the company's ordinary shares over the next year. At the company's discretion, it may repurchase ordinary shares either in open market transactions or in privately negotiated…

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ThursdaySep 01, 2011 11:00 am

CareView Communications, Inc. (CRVW) Announces Closing of Two-Year $20 Million Revolving Line Of Credit

CareView Communications, Inc., developer of a high speed data network system that can be deployed in a healthcare facility using existing cable television infrastructure, announced the closing of a two-year, $20 million revolving line of credit with Comerica Bank and Bridge Bank, National Association. The revolving line of credit will be providing the Company with capital to buy equipment and perform installations pursuant to newly signed contracts that the Company may carry out in the future with select healthcare providers. Amounts drawn on the revolving credit will initially carry an interest rate of 7.0% per year. In connection with the…

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ThursdaySep 01, 2011 10:53 am

Cyalume Technologies (CYLU) Completes Acquisition of JFC Technologies

Cyalume Technologies Holdings announced today completion of the company’s acquisition of JFC Technologies, and will host a conference call with financial analysts and investors today at 12:00 PM ET. (A transcript of the call will be available on the Cyalume IR webpage shortly after the call.) Cyalume Technologies, the world leader in chemi-luminescent technology for the chemical generation of light, acquired JFC, a leading developer of specialty chemicals, for a $5 million consideration, split evenly between cash and stock, plus an earn-out based on 2012 and 2013 performance, the cash portion coming from Cyalume's working capital. JFC will be run…

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