QualityStocks Stock Newsletters Archives - Page 163 of 1818

MondayAug 29, 2011 9:13 am

IceWEB, Inc. (IWEB) to Capitalize on Expanding Demand for Large-Scale Cloud Storage Systems

IceWEB, Inc., a leading provider of Unified Data Storage and building blocks for cloud storage networks, today announced that it is preparing the launch of an innovative, high-end IceWEB storage platform that will allow for multiple performance tiers of storage in a single platform. This would allow cloud service providers to support multiple applications and services in a single cost effective platform. International Data Corporation (IDC) estimates that the networked storage market rose to $17.55 billion last year. A growing segment of that market is at the high-end as new business information increases 50% annually. This dramatic growth is providing…

FridayAug 26, 2011 5:52 pm

UQM Technologies (UQM) partners with ReGen Nautic to delve into Marine Hybrid Electric Market

UQM Technologies Inc., developer and manufacturer of products for the alternative-energy technologies sector, today announced its strategy to enter into the marine hybrid electric market through a partnership with ReGen Nautic USA Inc., in which the companies will develop ultiple hybrid electric marine propulsion systems. ReGen Nautic is a private company in cahoots with several marine original equipment manufacturers to provide these propulsion systems as energy-saving powertrain options applicable to yachts, trawlers and larger sailing boats. “Our collaboration with ReGen Nautic showcases the additional growth opportunities when electric propulsion technology is introduced into industries beyond the automotive sector,” Eric Ridenour,…

FridayAug 26, 2011 1:12 pm

KIT digital Inc., (KITD) Joins Imcube Labs and Celvision Technologies Ltd. To Manage 3D Video Delivery over IP

KIT digital Inc. (KITD), a company that, along with its subsidiaries, provides cloud-based video management solutions for multi-screen delivery worldwide, has announced that it has joined Celvision Technologies Ltd., a Chinese titan in 2D and 3D conversion services, and imcube labs, a worldwide leader in 2D and 3D conversion software technology, to co-develop an end-to-end solution that brings together content services and platform technology to allow any media company, network operator, device manufacturer, or enterprise to produce, manage and deliver 3D video over Internet Protocol (IP) over many screens. The combined offering will help leverage Celvision’s and imcube’s industry-leading content…

FridayAug 26, 2011 10:05 am

Deltron (DTRO) Reports Strong 9-Month Results

Deltron Incorporated is an acquirer of companies with strong management, substantial revenue and established market shares. It currently has two subsidiaries. The first is Blu Vu Life Support Technology, which is a developer of life support and breathing technology for use in extreme environments such as mining, search and rescue, and fire. Its wholly-owned subsidiary Elasco Inc., is an engineered plastics and polyurethane molding and manufacturing company. Elasco provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, custom casting, plastic injection molding and proprietary polymer mixing. The company today announced strong financial performance for the…

FridayAug 26, 2011 9:56 am

Cricket Communications, Inc. (LEAP) Prepares to Service Customers during Expected Storm

Cricket Communications, Inc. is a company on the move. Located in San Diego, California, Cricket has made a name for themselves as a pioneer of simple and affordable unlimited wireless service with no long-term commitments or credit checks and has quickly become a top subsidiary of Leap Wireless International, Inc. Today, Cricket earned a great deal of respect on Wall Street and beyond with the announcement the company has taken steps to maintain service to customers during Hurricane Irene. In order to service their customer base, Cricket has sent teams from South Carolina northward to New Jersey to prepare for…

FridayAug 26, 2011 9:23 am

GoldSands Development Co. (GSDC) Gives Peru Project Update

GoldSands Development, a gold exploration and development company active in proven gold bearing areas in northeastern Peru (GoldSands project), sees Peru as the perfect place to focus. The area is home to several proven deposits in the multi-million ounce range, with operations by the world's largest gold producing companies. The company’s stated goal is to fully develop the project, consisting of options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. Overall, the company has 52 mining concessions in northeastern Peru. GoldSands announced completion of a test mining production program, producing 2445g…

FridayAug 26, 2011 8:54 am

DryShips, Inc. (DRYS) Grabs Controlling Stake in OceanFreight (OCNF)

In a joint announcement, DryShips, Inc. and OceanFreight Inc. said that DryShips has acquired 3,000,856 shares of OceanFreight Inc., giving DryShips controlling interest in OceanFreight. DryShips came to this position via a complicated mix of cash and share swaps. The shares were acquired from entities operated by OceanFreight CEO Anthony Kandylidis, pursuant to a July 26 purchase agreement. DryShips paid $11.25 cash for each OceanFreight share, plus 0.52326 shares from its holdings of Ocean Rig UDW Inc., valued at par of $0.01 per share. In total, the deal cost DryShips $33,759,671.08 in cash and 1,570,226 shares of Ocean Rig stock.…

ThursdayAug 25, 2011 7:58 pm

Guided Therapeutics (GTHP) Receives Grant to Assist in Commercialization of Cervical Cancer Detection Technology

Guided Therapeutics Inc. is developing a rapid and painless testing platform based on its patented biophotonics technology for the early detection of disease. The National Cancer Institute recently awarded the company $517,000 to fund the final year of a $2.5 million, three-year grant. The grant provides the company with the necessary resources to help commercialize and bring to market the LuViva(TM) Advanced Cervical Scan and Cervical Guide single-patient-use disposable. LuViva is a non-invasive device that provides immediate detection of cervical disease by scanning the cervix with light, instantly detecting and identifying cancer and pre-cancer. The technology is a stark contrast…

ThursdayAug 25, 2011 7:57 pm

Diversified Global Holdings Group Inc. (DGHG) Announces Financial Results for Six Months Ended June 30, 2011

On Thursday, Diversified Global Holdings Group Inc. announced their financial results for the six months ended June 30, 2011. The Company attributes their improved results, over the comparable period in 2010, to several successful acquisitions. Diversified Global Holdings Group Inc. is an expanding international holdings company with strong subsidiaries in emerging markets. Mr. Richard Lloyd, Chief Executive Officer and co-founder of Diversified Global Holdings Group Inc., stated, "Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of…

ThursdayAug 25, 2011 5:24 pm

Penson Worldwide, Inc. (PNSN) Sued In Class Action over Alleged Bogus Financial Statements

Stock clearing agent Penson Worldwide, Inc. (Nasdaq: PNSN) was sued over a basket of legal issues, including making false and misleading statements to inflate its stock price. The class action suit was brought by national law firm Levi & Korsinsky. According to the complaint, filed this week in United States District Court for the Northern District of Texas Dallas Division on behalf of purchasers of PNSN stock, Penson “issued materially false and misleading statements… and concealed from investors” the fact that much of Penson’s claimed receivables were poorly collateralized, or collateralized by illiquid customer assets. A large part of the…

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