QualityStocks Stock Newsletters Archives - Page 172 of 1818

WednesdayAug 10, 2011 2:07 pm

Royal Financial, Inc. (RYFL) Terminates Employee Stock Ownership Plan

Royal Financial, Inc. and Royal Savings Bank, a wholly owned subsidiary of the Company, announced the end to their employee stock ownership plan (ESOP). According to Royal CEO Leonard Szwajkowski, the company "determined that the benefits of the ESOP were not sufficient to justify the ongoing annual expense incurred to maintain the plan. The costs savings we will achieve in future periods will more than compensate for the one-time charges incurred to terminate the ESOP.” Company estimates of savings due to the change range from $40,000 to $45,000 per year. The cost of terminating the ESOP plan, says the company,…

WednesdayAug 10, 2011 1:58 pm

Toreador Resources Corp. (TRGL) and ZaZa Energy, LLC to Merge

Toreador Resources Corp. and ZaZa Energy, LLC announced late Tuesday night the execution of a definitive agreement to merge the pair into a single enterprise, with Toreador bringing its oil holdings and ZaZa coming in with its oil and gas portfolio. Based on Toreador stock’s Tuesday close, the implied market capitalization for the new company is about $294 million. Rodman & Renshaw, LLC is serving as financial advisor to Houston-based ZaZa in the deal, while RBC Capital Markets is serving as financial advisor to Toreador. The new company will assume the name ZaZa Energy Corporation. Under the merger terms, though…

WednesdayAug 10, 2011 1:50 pm

Genesis Biopharma, Inc. (GNBP) Signs CRADA with the National Crisis Institute for the Development of Cancer Immunotherapies

Genesis Biopharma, Inc., a biopharmaceutical company that engages in the development and commercialization of drugs and other clinical solutions for underserved diseases, announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with the National Cancer Institute (NCI). Under the terms of the five-year development and cooperative research agreement, Genesis Biopharma will be working with Steven A. Rosenburg, M.D., Ph.D., the NCI Surgery Branch Chief, in order to develop adoptive cell immunotherapies that are created to destroy metastatic melanoma cells utilizing a patient’s tumor infiltrating lymphocytes. More specifically, the CRADA will (i) provide support to the in…

WednesdayAug 10, 2011 12:53 pm

FX Energy, Inc. (FXEN) Updates Operations in Poland and Montana

FX Energy, Inc. reported an operational update on the company’s oil and gas activities in Europe and the United States. The company is focused mostly on a number of unconventional resource plays in Poland. FX Energy has reached total depth of approximately 13,800 feet on the Plawce-2 well located on the Fences Concession in Poland. The company found net gas pay in the Rotliegend sandstone and will decide on completion options after the well is logged and tested. FX Energy plans to start drilling two more wells on the Fences Concession in 2011. The Komorze-3 and Mieczewo wells are designed…

WednesdayAug 10, 2011 10:48 am

Flexpoint Sensor Systems, Inc. (FLXT) Announces Development Order from US Military

Located in Draper, Utah, Flexpoint Sensor Systems has quickly evolved as a leading name in the sector. Today, Flexpoint took a major step towards prominence with the announcement that they have received a development order and funding towards the completion of a customized product for the US Military. The order is the direct result of earlier development and prototypes which have been successfully tested by the organization, and the agency has received approval and funding for advanced development of the product. The project has been fast tracked and should be completed sometime next year. Leading the way at Flexpoint is…

WednesdayAug 10, 2011 10:44 am

Second Quarter and First Half 2011 Earnings Reported by Wells-Gardner Electronics Corp. (WGA)

Wells-Gardner Electronics Corp. is a distributor and manufacturer of color video monitors and other related products for a variety of markets including gaming machine manufacturers, casinos, coin-operated video game manufacturers and other display integrators. The company's subsidiary, American Gaming & Electronics, is a leading parts distributor to gaming markets, with over 700 casinos as customers. The company today announced second quarter and first half 2011 financial numbers for the period ended June 30, 2011. Wells-Gardner reported net earnings for the second quarter were $600,000, or $0.05 per share, a 36% increase over the $441,000, or $0.04 per share, reported in…

WednesdayAug 10, 2011 10:37 am

YesDTC Holdings, Inc. (YESD) to Change its Name

YesDTC Holdings, Inc. announced that the company is planning to change its name to MotorBooster, Inc. This decision reflects the company’s recent move towards marketing and distributing its industry-leading MotorBooster product, which operates as a combustion catalyst and engine conditioner used in modern, gasoline powered automobile. MotorBooster has received various U.S. patents while also receiving EPA Certification. Further, independent tests have shown that MotorBooter can increase fuel efficiency by up to 16% while also reducing fuel emissions. In addition to these tests, YesDTC has also announced that the University of Alaska, Fairbanks, along with a major multinational oil company, will…

WednesdayAug 10, 2011 10:33 am

Chinese Exports Hit Record Highs in July on Strong Volume to Western Markets

Chinese exports closed out record highs in July, up 20.4% from the previous year, led by strong volume to US/European markets, allaying concerns that growth of the world’s No. 2 economy would be hampered by sovereign debt concerns. Showing the largest jump in Chinese exports seen since April, a report released today, Aug. 10, shows that export growth beat out the median forecasting from economists by a healthy 3%, with imports rising 22.9%. Coming in short order after the Federal Reserve announcement to keep interest rates low through 2013, this data shows illustrates the rationale for China’s signaling that it…

WednesdayAug 10, 2011 9:11 am

Digagogo Ventures Corp. (DOGO) Successfully Completes Acquisition of Software Platforms

On Tuesday, Digagogo Ventures Corp. announced that they successfully completed their acquisition of all software platforms that form the foundation for the Company's core product offerings. The Company accomplished this with the assistance of Mr. Rene Branconnier, a perceptive and creative businessperson. Mr. Branconnier has been assisting Digagogo Ventures Corp. as a business development advisor since November 2010. The Company wishes to thank him for his efforts in advancing Digagogo's business model. Mr. Branconnier has extensive expertise in financing, marketing and development of products and technologies. In 1972, he received his formal education in meat processing and meat inspection at…

TuesdayAug 09, 2011 12:39 pm

Procera Networks, Inc. (PKT) on Track for 75% Rev Growth in 2011 with New and Recent Contract Wins

Procera Networks, Inc., an intelligent policy enforcement company, today announced its new contract with an eastern European national telecom operator, as well as a follow-on order with a major North American cable network operator, for an aggregate contract price of $4 million. The company said the contracts reflect its significant progress and rapid growth leveraged by its growing network intelligence combined with its high-tech platform, PacketLogicâ?¢. Procera said that PacketLogicâ??s scalability was a deal maker for the European and North American operators, which are both closely managing their capital expenditures while increasing their competitiveness to subscribers. Procera's customer base spans…

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