TuesdayJul 05, 2011 9:22 am

Competitive Technologies, Inc. (CTTC) Announces New CPT Code for Scrambler Therapy

Last Friday, Competitive Technologies, Inc. announced that the American Medical Association's Editorial Panel for Current Procedural Terminology (CPT) established a new Category III CPT® code to report procedures, such as treatment of chemotherapy-induced peripheral neuropathy (CIPN), involving the Company's Calmare® pain therapy medical device, which features Scrambler Therapy™ technology. The new CPT code is 0278T Transcutaneous electrical modulation pain reprocessing (e.g., scrambler therapy), each treatment session (includes placement of electrodes). The Calmare device has successfully treated CIPN and other neuropathic cancer pain in thousands of patients. It has done so without any of the adverse side effects normally associated with…

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TuesdayJul 05, 2011 8:21 am

Simulated Environment Concepts, Inc. (SMEV) Anticipates Analyst Research Report; Immediate Launch of Domestic Sales Program

Simulated Environment Concepts, the manufacturer and developer of medical, aesthetic, weight loss, wellness, and slimming equipment, today told investors that it expects an analyst research report to be released within the next five business days. Allen Licht, Chief Operating Officer of Simulated Environment Concepts (SE Concepts), stated, "We received word from Grass Roots Research that an analytical reporting on our company will likely be available for release within the week. While we aspire to be on the 'watch list' of many financial analysts, this first report is the advent of serious analytical assessment of our great company as the completion…

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FridayJul 01, 2011 5:08 pm

New Energy Systems Group (NEWN) Joins Russell Microcap Index

China-based New Energy Systems Group, manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced its addition to the Russell Microcap Index, effective June 24, 2011. Russell Investments refreshes its list of indexes annually to maintain representation of global equity markets, capitalization and style. Companies are added and removed from the family of indexes according to such changes. As of June 28, 2011, the Russell Microcap Index Fund had approximately $497 million of assets. The company said the addition reflects its advancing position, which it also says it plans to continue in the future. “We…

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FridayJul 01, 2011 2:35 pm

RiT Technologies (RITT) Receives Major New Orders, Expands PatchView™ Intelligent Infrastructure Management Systems

RiT Technologies, a developer of intelligent physical layer management solutions for the control, utilization, and maintenance of networks worldwide, recently announced that it has received numerous new orders from one of its biggest customers; a top-tier diversified financial services company. The orders, which amount to more than one million dollars, are for the expansion of the PatchView™ intelligent infrastructure management (IIM) systems, which are currently distributed in the client’s central data centers and international headquarters. The global account has been a satisfied customer of RiT for numerous years and credits RiT’s PatchView™ with aiding in maximizing its network continuity, minimizing…

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FridayJul 01, 2011 1:10 pm

Mexco Energy Corp. (MXC) Reports on Permian Basin Activity

Mexco Energy Corp. issued an operational update on the company’s oil and gas operations in the United States, where it is active in developing various formations in the Permian Basin. Mexco Energy closed on the sale of a partial interest in leasehold in West Texas to Energen Corporation. The company received cash consideration of $450,000 in exchange for a five year lease on 200 acres. Mexco Energy said that the company retained an 8.33% royalty interest in the lease, which is located in Loving County, Texas. The company believes that the lease is prospective for a number of oil and…

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FridayJul 01, 2011 11:22 am

Medina International Holdings, Inc. (MIHI) Signs Agreement with WinTec Protective Systems

Today, Medina International Holdings, Inc. released news that company has formed a Contribution and Exchange Agreement with WinTec Protective Systems, Inc. According to the agreement, Medina will issue 3,000,000 shares of its restricted common stock in exchange for 20,400,000 shares of WinTec’s common stock. Medina will hold 51% of the issued and outstanding common stock of WinTec, essentially making WinTec Medina’s subsidiary. The Company has filed an 8K, which is available at www.sec.gov, detailing the transaction. WinTec, located in Houston, Texas, has developed various proprietary products, which include CORTAIN, Hydro-Tain and Blast Block. Medina International Holdings has first right to…

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FridayJul 01, 2011 10:09 am

FBI Purchase of Arista Power, Inc. (ASPW) Renewable Energy System Hints at Market Potential

Arista Power Inc., a diversified renewable energy product and services manufacturer, recently received an order for a Mobile Renewable Power Station (MRPS) from the Federal Bureau of Investigation (FBI) Audio Technology Deployment Unit Power Sources Program. The FBI’s order includes Arista’s patented, ducted WindTamer wind turbine, as well as solar cells, fuel cells, and energy storage and power distribution system. The system was designed to replace diesel fuel generators, providing continuous operations. Since the system can be transported by commercial vehicles, the FBI can implement the MRPS system to power its communications equipment even in remote locations. Nick Foundos, electrical…

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ThursdayJun 30, 2011 5:11 pm

Bio-Solutions Corp. (BISU) Makes New Appointment to Board of Directors

Today, Bio-Solutions Corp. announced that they appointed Mr. Mark S. Solomon to their Board of Directors. Mr. Solomon is a practicing attorney in Fort Lauderdale, Florida. He has more than 32 years of law practice experience. In addition, he sits on both the Florida and Federal Bar Association. Mr. Solomon will replace Mrs. Ghislaine St-Hilaire, whom, as of May 1, 2011 resigned from the Board as Secretary. Mrs. St-Hilaire will be joining a new start-up company; she will be intimately involved in the daily operations leaving no extra time for Bio-Solutions Board activities. Gilles Chaumillon, the President and CEO of…

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ThursdayJun 30, 2011 5:09 pm

Elite Pharmaceuticals (ELTP) Side-Steps Bankruptcy Threat, Posts Yearly Revenue Increase

Elite Pharmaceuticals Inc., a specialty pharmaceutical company dedicated to developing and commercializing oral controlled release products, today announced results for the fiscal year ended March 31, 2011. Total revenues increased 28 percent to $4.3 million compared to 2010 total revenues of $3.3 million. The company generated $1.6 million in positive cash flow, compared with negative operating cash flows of $1.4 million last year. Elite attributes the increases primarily to the manufacture, sale and lab services related to its Lodrane line of products, which were discontinued in April 2011 after the U.S. Food and Drug Administration ordered the removal of hundreds…

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ThursdayJun 30, 2011 1:43 pm

Attunity Ltd. (ATTUF) Chosen to Provide Real-Time Business Intelligence Solutions for Scalability Experts

Attunity Ltd., a provider of software for real-time data integration and event capture applications worldwide, has announced that it has been chosen by Scalability Experts as a solution partner to deliver affordable, turn-key data integration and BI solutions leverage the award-winning software for data integrations and real-time Change Data Capture (CDC) technology offered by Attunity. Scalability Experts will be able to further accelerate, simplify, and allow for real-time integration of data in order to increase the performance of its customers’ operations and their return on investment (ROI). Customers in mixed IT environments will be able to benefit from Attunity’s data…

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