FridayJun 10, 2011 9:10 am

Medical Care Technologies, Inc. (MDCE) Raises Funds to Launch Its Children’s Health Center

Yesterday, Medical Care Technologies, Inc. announced that it had obtained the necessary funds for the licensing of its pediatric health and wellness center in Dongguan, China. MCT has raised approximately $300,000 from a group of private investors. Medical Care Technologies, Inc. is located in Beijing, China and develops a network of urban Chinese pediatric health care centers through joint ventures and subsidiaries. These centers specialize in the care of children ages 3 to 16, and is geared towards serving middle and upper class Chinese families. MCT is also planning on distributing a line of pharmaceutical and nutraceutical products. The funding…

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ThursdayJun 09, 2011 4:10 pm

Cinedigm Digital Cinema (CIDM) Posts Q4, FY Results, Operational Outline

Cinedigm, a global leader in the digital cinema industry, today posted financial results for the fourth quarter and full year ended March 31, 2011, reflecting the company’s efforts to streamline its focus toward becoming a market leader. Adjusted EBITDA of $11.6 million for the fourth quarter increased 36.6 percent from the $8.5 million reported for the fourth quarter of the prior year. Net loss in the fourth quarter of 2011 was $7.3 million, or $(0.23) per share, a 51.5 percent improvement compared to the net loss of $15.0 million, or $(0.51) per share, in the fourth quarter one year ago.…

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ThursdayJun 09, 2011 1:44 pm

China BAK Battery, Inc. (CBAK) Experiences Surge in Demand for Li-ion Battery Cells, Driven by Popularity of Electric Bike’s and Governmental Crack Down on Pollutive Lead-Acid Battery Manufacturing

China BAK Battery, one of the top global manufacturers of lithium-based battery cells, the primary component in the Li-ion (lithium-ion) batteries which power the vast majority of today’s portable electronic devices, reported a surge in demand for the Company’s e-bike battery business at its facility in Tianjin, attributing the surge to the recent suspension of lead-acid battery manufacturing by the Chinese government. CEO of CBAK, Ke Marcus Cui, called the combination of the Company’s reputation for high-quality Li-ion battery cells and the government’s support of the Li-ion industry in general a huge boon for CBAK, projecting that e-bike battery sales…

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ThursdayJun 09, 2011 1:29 pm

Command Center, Inc. (CCNI) Recruits Workers to Begin Recovery Work in Joplin with Command-On-Demand

Command Center Inc., an operator of on-demand labor stores in the United States, has announced that its fast response program, Command-on-Demand, has responded to the urgent need for workers to start cleanup and recovery work in Joplin, Missouri. Using Command’s Branch-in-a-Box technology, the company began to recruit and deploy local workers last week, utilizing the parking lot as its headquarters. Branch-in-a-BOX enables Command to immediately begin operations in distressed areas under even the most difficult of situations with little to no power, water and transportation services. As a result of the massive destruction from tornadoes, undamaged and available office spaces…

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ThursdayJun 09, 2011 12:22 pm

Infrastructure Developments Corp. (IDVC) Signs a Memorandum of Understanding with Alternative Energy Solutions

Today, Infrastructure Developments Corp. announced that it has signed a Memorandum of Understanding with Alternative Energy Solutions (AES) to assist in developing, constructing and managing a Compressed Natural Gas (CNG) distribution plan for parts of the Southeastern United States. AES is developing a model for CNG distribution for deployment and has partnered with IDVC to assist in the development and execution of the project. Thomas R. Morgan, Infrastructure CEO, remarked, "We are excited about this new relationship as we expand our operations into US markets. Developing new 'green technologies' and implementing environmentally-friendly concepts are extremely important to IDVC as we…

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ThursdayJun 09, 2011 8:26 am

Inova TechnologyInc. (INVA) Increases Contract Awards to Historical Record of $47 Million

Inova Technology, an enterprise level Information Technology (IT) solutions provider, yesterday announced that its total project contract awards have increased to $47 million, marking a new milestone for the company. "Our total awarded contracts is the highest it has been in our history so we are obviously very pleased with the progress our management has made to win these projects," Adam Radly, Inova CEO stated in the press release. "This slate of projects will certainly keep us very busy over the next 18 months.” The contracts are primarily completed by the company’s wholly owned subsidiary, Desert Communications, related to network…

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ThursdayJun 09, 2011 8:25 am

Comstock Mining, Inc. (LODE) Announces Approval for Listing on NYSE Amex

Comstock Mining Inc. announced on Wednesday that their common stock has received approval for listing on the NYSE Amex LLC (NYSE Amex). The expectation is that the Company's common stock will begin trading on the NYSE Amex under the symbol "LODE" on Friday, June 10, 2011. Mr. Scott Cutler, Executive Vice President, NYSE Euronext, said, "We welcome Comstock Mining, Inc. to the NYSE Euronext family of listed companies and to NYSE Amex. Comstock and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a global brand association. We look forward…

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ThursdayJun 09, 2011 8:23 am

Mexco Energy Corp. (MXC) Updates Texas and Louisiana Oil and Gas Activity

Mexco Energy Corp. reported an update on the company’s oil and gas activity on various properties in the United States. The company is active on a non-operated basis in Texas and Louisiana. Mexco Energy participated in a well recently drilled at the Fuhrman-Mascho Field in Andrews County, Texas. The company reported that the well targeted both the Grayburg and San Andres formations and was producing at an initial rate of 90 barrels of oil per day. Mexco Energy owns a 10.8% working interest and a 7.77% net revenue interest in this well, and reports that the leasehold has eleven additional…

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ThursdayJun 09, 2011 8:21 am

Tivus, Inc. (TIVU) Announces Appointment of Phil Marriott to Its Executive Management Team

Tivus, Inc., a provider of high-definition Internet-protocol television (HD IPTV) technology to the hotel and hospitality industry, announced before the opening bell today that it has appointed Mr. Phil Marriott as executive vice-president of international and domestic sales. "We are delighted to have Phil join our executive management team," commented Shiva Prakash, Tivus' chief executive officer. "Phil will add an enormous amount of breadth and depth to our management team in the areas of international sales and marketing, finance and accounting, and the incubation of new companies. Moreover, his older brother, Doug Marriott, already serves on our Industry Advisory Board,…

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WednesdayJun 08, 2011 3:50 pm

American Eagle Energy Inc. (AMZG) Finishes Drilling Oil and Gas Well in Canada

American Eagle Energy Inc. reported that the company has completed the drilling of a well on its oil and gas leasehold in Canada. The company drilled the well in eighteen days and expects to begin completion operations in late June 2011. American Eagle Energy Inc. said that the Hardy 4-16 well was drilled to a vertical depth of approximately 11,500 feet and then finished with a horizontal well lateral of approximately 4,300 feet. The company will use a 29 stage hydraulic fracturing operation to complete the well and bring it onto production. American Eagle Energy Inc. said that the Hardy…

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