MondayAug 08, 2011 12:07 pm

Trans-Pacific Aerospace Company, Inc. (TPAC) Announces Passing of Independent Testing

Trans-Pacific Aerospace Company, Inc. is a corporation on the rise. Located in San Marino, California, Trans-Pacific has quickly earned a stellar reputation in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft. Today, Trans-Pacific announced spherical bearings from its China subsidiary have passed all independent laboratory testing under SAE Aerospace Standard 81820. The rigorous testing was conducted by Independent Testing Labs, Inc. in Costa Mesa, California and included tests for radical static limit road, axial static limit load, oscillation under radial load, no load rotational breakaway torque, fluid contamination, subzero temperature and bond integrity and peel…

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MondayAug 08, 2011 8:14 am

Access Pharmaceuticals, Inc. (ACCP) Engages Edelman PR

Access Pharmaceuticals, Inc. recently hired public relations firm Edelman to increase public awareness of the company's new oral mucositis treatment MuGard. Oral mucositis, a disease that targets membranes of the mouth and gastrointestinal tract, is potentially debilitating. Houston, Texas-based Access Pharmaceuticals is a biopharmaceutical company that focuses on developing and marketing a series of proprietary products for the care of cancer patients. The company's product line includes MuGard, ProLindac (for treating ovarian cancer) and Thirabine (a new nucleoside). Access also produces the CobaCyte and CobOral drug delivery systems. Edelman is a PR firm with offices in 53 cities and 3,700…

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MondayAug 08, 2011 8:11 am

Mobile Data Corp. (MBYL) Enters Into Letter Agreement with BEET Company Ltd.

On Friday, Mobile Data Corp. announced that they entered into a Letter Agreement with BEET Company Ltd. (BEET) to acquire certain assets from BEET for the development of an application to be used in a broad spectrum of social media initiatives. The scope of the application is confidential under the terms of the Letter Agreement. This is for Mobile Data Corp. to complete their due diligence and identify what resources are required to complete development and introduce the product to users of social media websites. The application is understood to be a natural fit for individuals or entities that use…

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FridayAug 05, 2011 4:49 pm

Broadwind Energy, Inc. (BWEN) Announces Strong First Quarter with Doubling of Sales and Order Increase in Wind Towers and Gearing Segments

Broadwind Energy, Inc., supplier of solutions for the energy needs of the future, today announced that sales in the first quarter of 2011 were $43.5 million, which is approximately 100% greater than the $21.7 million reported for the first quarter of 2010. Broadwind Energy saw a huge increase in orders for production in the tower and gearing segments of its business. Broadwind specializes in the manufacturing of large and heavier wind turbine towers that are designed for 2 megawatt and larger wind turbines. Demand for tower sections drove sales to $28.2 million, up from $12.0 million a year ago. Further…

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FridayAug 05, 2011 1:21 pm

Gulfmark Energy, Inc. (GMEI) to Drill First Eagle Ford Shale Well in Texas

Gulfmark Energy Group, Inc. is an early-stage oil and gas exploration and development company. Its current focus is on developing the 4,200+ acres of shallow oil production in Zavala County, Texas coupled with the drilling of several Eagle Ford shale wells. The company today announced that its wholly-owned subsidiary, Gulfmark Resources Inc., has filed for drilling permits with the Texas Railroad Commission. Gulfmark intends to drill its initial test well on its 4,261 acre Kiefer Lease in Zavala County, Texas upon permit approval. The Kiefer Lease is situated in the northwestern portion of the Eagle Ford shale trend in the…

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FridayAug 05, 2011 1:06 pm

Ultralife Corp. (ULBI) Reports Second Quarter Results

Earlier today, Ultralife Corp. reported its operating income for the quarter ending July 3, 2011. For the second quarter of 2010, the company reported operating income from continuing operations of $2.9 million on revenue of $43.6 million. The company’s second quarter revenue increased by 29% over last year’s numbers. Ultralife’s president, Michael D. Popielec, stated that demand from the company’s defense customers and further penetration of its batteries into the metering business in China drove the growth seen in the numbers. He remarked, “We are continuing to make progress towards improving the company’s profitability through lean manufacturing, reductions in non-value-added…

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FridayAug 05, 2011 9:35 am

Great American Group, Inc. (GAMR) Subsidiary Acquires Portion of Outstanding Debt of TJ Hughes

On Thursday, Great American Group, Inc., a leading provider of asset disposition, valuation and appraisal services, announced that GA Europe, their European subsidiary, has acquired a portion of the outstanding debt of the United Kingdoms discount department store operator TJ Hughes for an undisclosed amount. TJ Hughes has struggled for the past few years against a backdrop of reduced consumer spending and increased competition. TJ Hughes is a 99-year-old department store chain based in Liverpool. They operate 56 discount department stores throughout the United Kingdom. On June 30, 2011, they entered administration with Ernst Young acting as their administrator. GA…

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FridayAug 05, 2011 8:16 am

Highland Business Services Inc. (HGLB) Subsidiary Acquires Zipadi Technologies for Extended Market Reach, Offerings

Elevate Inc., a wholly owned subsidiary of digital services provider Highland Business Services, yesterday announced its acquisition of Zipadi Technologies LLC. The acquisition supports Elevate’s stated mission to revolutionize the way the world experiences ideas and information by integrating its network services with Zipadi’s software-as-a-service platform, which creates a rich interactive digital experiences across Web and mobile devices. Elevate said the combination of the two companies will increase the value it delivers to subscribers, leveraged by Zipadi’s foundation for future product development. “Elevate customers look to us for innovative solutions to enhance their digital lifestyle,” Wright Thurston, CEO of Elevate…

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FridayAug 05, 2011 8:14 am

Spectrum Pharmaceuticals (SPPI) Reports Strongest Financial Standing Ever

Spectrum Pharmaceuticals, a commercial-stage biotechnology company that primarily focuses on oncology and hematology, has released its strongest financial standing ever, as of June 30, 2011. “We are extremely pleased with our third consecutive profitable quarter, strong cash flow, and record revenues,” said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. “The robust sales of FUSILEV and ZEVALIN in the second quarter demonstrate the significant and sustained recognition by physicians of the therapeutic value of these products. The FDA approval of FUSILEV on April 29th was a highly transformational event for Spectrum Pharmaceuticals. We are now…

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ThursdayAug 04, 2011 3:24 pm

Delta Petroleum Corp. (DPTR) Reports Operational and Financial Update

Delta Petroleum Corp. reported a financial and operational update on the company’s oil and gas exploration and development activities in the United States. The company is involved with various projects in the Rocky Mountains area. Delta Petroleum reported cash of $3.9 million as of the end of the second quarter of 2011, with another $18 million available under a credit line. The company expects that this cash along with operating cash flow and the credit facility will be enough to fund the company’s capital program through the end of 2011. Delta Petroleum said that the Delta 2C well started production…

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