WednesdayJun 08, 2011 3:49 pm

BIO-key International, Inc. (BKYI) Stresses Seriousness of Security Breaches, Publishes Recent Survey Results

BIO-key International Inc., a global leader in finger biometric identification technology solutions, today announced the results of an opt-in survey that the company linked to in its recent Open Letter to Shareholders, Customers & Industry Leaders on the State of Security and Biometrics, discussing the risk and reality of recent security breaches among even big-name businesses. "… The outbreak of security breaches poses a threat to our nation's infrastructure; from business to government, everyone is at risk and it seems that we're simply waiting for a disaster before taking action. It's very concerning," Mike DePasquale CEO of BIO-key stated in…

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WednesdayJun 08, 2011 2:13 pm

Shuffle Master (SHFL) Posts Record Q2 Revenue, Solid International Demand

Shuffle Master Inc., a gaming supply company, today announced its results for the second quarter ended April 30, 2011, posting record revenue and noting executive changes. Total revenue increased 18 percent to a quarterly record of $59.9 million, driven by recurring revenue growth in Utility and Proprietary Table Games, as well as significant sales of Electronic Gaming Machines. GAAP net income remained consistent at $7.9 million, or $0.14 per share, as compared to $0.15 in the year-ago quarter. Adjusted EBITDA was $19.0 million, up 5 percent compared to $18 million reported in the comparable quarter of 2010. Free cash flow…

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WednesdayJun 08, 2011 2:09 pm

Rise in Money Laundering Fines Provides Opportunity to Premier Alliance Group (PIMO)

Premier Alliance Group, Inc. is a business and technology consulting firm focused on providing solutions for Fortune 2000 companies in the areas of regulatory, compliance, business performance, transformation, and information management. Under the U.S. Bank Secrecy Act (BSA) and certain modifying provisions of the Patriot Act, banking institutions must report daily aggregate transactions in excess of $10,000 for any customer and any suspicious activity appearing to be an attempt to evade the reporting requirement. Compliance is part of what Premier does for bank clients. The 2010 upsurge in fines levied by the government and increases in drug-money laundering with prepaid…

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WednesdayJun 08, 2011 1:58 pm

Medisafe 1 Technologies Corp. (MFTH) Pays Off Note, Avoids $45k Dilution

Medisafe 1 Technologies Corp. shareholders received a ‘no-dilution’ gift Tuesday as the company announced early liquidation of a $45,000 promissory note, along with interest due. The note, which would have come due in July, bore 8% annual interest and could have been converted by the lender at any time, in whole or in part, into common stock. The enterprise is a developer of patented technologies that physically prevent unauthorized administration of prescription medications. Jerusalem-based Medisafe said in its announcement that the note had been incurred last October to “fund development of Medisafe 1's patented life-saving technology and to assist in…

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WednesdayJun 08, 2011 1:54 pm

Augme Technologies Inc. (AUGT) Offers Q1 2011 Forecast, Reaffirms FY Guidance

Augme Technologies Inc., a technology and services provider in interactive media marketing, yesterday offered revenue guidance for its first fiscal quarter ended May 31, 2011, and reaffirmed its guidance for the full fiscal year ending February 29, 2012. Augme estimates revenue for the first quarter of 2011 at approximately $1.2 million, an increase of approximately 325 percent from the $286,323 recorded in the first fiscal quarter ended May 31, 2010. "A record first quarter is a great way to start our new fiscal year," Paul Arena, CEO of Augme stated in the press release. Arena noted that the total billings…

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WednesdayJun 08, 2011 1:52 pm

U.S. National Debt Set to Outpace GDP

The U.S. national debt, currently approaching $15 trillion, continues to make headlines, the most recent one being that national debt will exceed the size of the U.S. economy this year, two years earlier than originally predicted by the Treasury. In other words, total public debt, the total obligations of the U.S. federal government, will exceed the GDP, the total market value of all final goods and services produced in the U.S. this year. It’s a prospect that sends chills through the halls of Congress, but it’s important to view it in the perspective of history. The gross debt to GDP…

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WednesdayJun 08, 2011 11:06 am

Sagebrush Gold, Ltd. (SAGE) Acquires Exploration Leases on Two Major Gold Sites in Northern Nevada, Extant Data Indicates Significant Potential for Carlin-Type Deposits

Sagebrush Gold, well known in Nevada for its Redrock and North Battle Mountain (some 5,740 acres total) gold projects, was excited to report today that the Company has acquired exploration leases in nearby North Battle Mountain and Red Rock Canyon which feature an excellent Carlin-type mineralization. SAGE is intent on an aggressive exploration program for the new leases, having obtained the extant geological mapping data, as well as geochemical rock/soil data, detailed gravity data and a very good resolution aeromagnetic on both of the properties. In addition the drill logs, assays and chip samples, as well as core samples for…

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WednesdayJun 08, 2011 10:20 am

Envision Solar International, Inc. (EVSI) Announces Ground Breaking Electric-Vehicle Charging Enabled Systems at Axion Power International Facility

Envision Solar International, Inc., an infrastructure planner that engages in the design and deployment of clean energy systems, has announced the ground breaking electric-vehicle (EV) charging enabled Solar Tree® structures with integrated EnvisionTrak™ and CleanCharge™ systems at Axion Power International’s (AXPW) facility, located in Western Pennsylvania. The project is scheduled to be completed by mid-July of this year. Along with providing Axion Power with clean energy and helping meet the objectives to decrease its carbon footprint, the installation will allow both companies to gain more knowledge about the characteristics of solar energy in the region, and how to better incorporate…

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WednesdayJun 08, 2011 10:17 am

InVivo Therapeutics Corp. (NVIV) Announces Patent Expansion

Located in Cambridge, Massachusetts, InVivo Therapeutics was founded in 2005 on the basis of proprietary technology co-invented by Robert Langer, ScD, Professor at the Massachusetts Institute of Technology (MIT) and Dr. Joseph P. Vacanti who is affiliated with Massachusetts General Hospital in Boston. In this short period of time, InVivo has gained acclaim for their focus on utilizing polymers as a platform technology to develop treatments to improve function in individuals paralyzed as a result of traumatic spinal cord injury. Today, InVivo took a major step towards prominence with the announcement of major patent expansion to include additional nervous system…

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WednesdayJun 08, 2011 9:20 am

Flint Telecom Group, Inc. (FLTT) Announces Plans to Expand Debit Card and Mobile Remittance Operations

Flint Telecom Group, Inc. announced yesterday that they plan to expand their debit card and mobile remittance operations to Europe and the Middle East. The Company will accomplish this by enhancing their existing resources in Ireland. Flint Telecom, by growing existing operations in Ireland, is looking to provide prepaid debit cards and mobile remittance technology and services to European and Middle Eastern mobile operators, banks and other program sponsors in the region in the second half of this year. The Irish office's responsibility is to develop relationships with banks and mobile operators in the region and to strengthen links with…

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