QualityStocks Stock Newsletters Archives - Page 333 of 1818

ThursdayDec 30, 2010 4:26 pm

Superior Silver Mines, Inc. (SSVM.OB) Completes Merger with Clean Wind Energy

Wallace, Idaho-based Superior Silver Mines, Inc. announced today that it has completed a reverse merger transaction with Clean Wind Energy, Inc. Entering into the closing, Superior Silver Mines was a public "shell" company with nominal assets whose purpose was to seek, investigate and, if such investigation warranted, acquire an interest in business opportunities presented to it by other persons or firms. Clean Wind Energy, which has business strategies to design, develop and construct large downdraft towers to generate electricity and clean water economically, will now become a wholly-owned subsidiary of Superior Silver Mines and its business operations will become the…

ThursdayDec 30, 2010 12:58 pm

China Medicine Corp. (CHME.OB) Success Prompts New $2M Stock Repurchase Program to Follow Ongoing Program, Nears Approval of Aflatoxin Recombinant

China Medicine Corp., www.cmc621.com – the remarkable China-based research/developer, manufacturer and marketer of a variety of Western and traditional Chinese medicines (TCMs), herbal/dietary supplements and medical devices, reported approval by the Board of Directors yesterday of a new $2M stock repurchase program. Slated to commence upon completion of the current repurchase program ($1.5M or 710k shares already repurchased by Dec. 22 of this year), which will end either via conclusion or the arrival of July 11, 2011, the new program would: • Run over a 12-month interval, making strategic/timely purchases via open market or private transactions (in compliance with SEC…

ThursdayDec 30, 2010 12:55 pm

Delta Petroleum Corp. (DPTR) Closes On New Credit Facility

Delta Petroleum Corp. reported that it has closed on a new credit facility to help finance oil and gas exploration and development operations in 2011. The company said that Macquarie Bank Limited will provide a senior secured credit facility in the amount of $100 million. Delta Petroleum will have immediate access to $50 million of the senior secured credit facility. The initial $50 million will be composed of two tranches. Tranche A consists of a $30 million revolving line of credit at an interest rate of Libor plus 600 basis points, or the prime rate plus 600 basis points. Tranche…

ThursdayDec 30, 2010 11:01 am

China Energy Corp. (CHGY.OB) Video Chart for Thursday, December 30, 2010

CHGY has retreated from highs that were achieved in November at $2.20, and is now holding a new support level at $1.50. Technical traders will have this stock on radar for buying pressure to hold the support level while watching for any movement north to test resistance levels. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayDec 30, 2010 10:34 am

Wowjoint Holdings Ltd. (BWOW) Announces New Contracts Totaling $4 Million

Today, Wowjoint Holdings Ltd. announced it has secured a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd. With delivery anticipated to take place in March 2011, the equipment includes two customized 160-ton special carriers that will be used in a highway bridge construction project administered by the Erdos Project Department in Batuta-Junggar. Wowjoint also told investors of other service contracts signed this quarter totaling approximately $3 million. These include an $860,000 technical service contract with China Railway 14th Bureau Group Co., Ltd and China Railway 16th Bureau Group Co. Ltd and a $290,000 technical service contract…

ThursdayDec 30, 2010 10:29 am

QKL Stores Inc. (QKLS) Announces New Store Opening

QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store space. The company's 43rd store, located in Manzhouli City, Inner Mongolia, was opened today. Manzhouli is China's biggest inner land trade port with Russia. Located in the center of the business district, serving over 100,000 Chinese and Russian customers, this hypermarket occupies approximately 9,000 sq. meters of gross space and is the largest modern grocery store in the city. Mr.…

ThursdayDec 30, 2010 10:25 am

Compugen Ltd. (CGEN) to Receive $5 Million for R&D Initiatives

Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring mid-2013. Baize Investments' financial interest in the five molecules consists of the right to receive up to 10% of certain future payments received by Compugen from third parties in the…

ThursdayDec 30, 2010 9:45 am

IceWEB, Inc. (IWEB.OB) Reports Year End Results for Fiscal 2010

IceWEB, Inc., a leading storage technology company and provider of computing hardware, announced yesterday its financial results for the year ended September 30, 2010. John R. Signorello, CEO of IceWEB, stated, "Fiscal year 2010 was a year of many achievements and some disappointments. Early in the year, the company elected to re-invent itself by manufacturing and marketing state-of–the-art, storage appliances for cloud computing and other rapidly growing markets. After consultation with a number of storage VARs (Value Added Resellers), we determined a channel partner distribution system was key to our future success." Signorello added, "We were fortunate that a very…

ThursdayDec 30, 2010 9:27 am

Transgenomic, Inc. (TBIO.OB) Announces Acquisition of Clinical Data, Inc.’s Diagnostic Business

Transgenomic, Inc. announced yesterday that they closed the acquisition of Clinical Data, Inc.'s diagnostic business with a sale price of $15.5 million. The Company also has closed on $6.0 million of financing from Third Security, LLC, a leading life sciences investment firm, to fund the cash portion of Transgenomic's acquisition of Clinical Data's diagnostic business. This strategic acquisition provides Transgenomic, Inc. with proprietary genetic commercial tests that have an established revenue base, proprietary biomarker assays, an additional CLIA-certified laboratory operation and established test reimbursement and coverage policies that offer access to testing for an estimated 280 million patients. Commenting on…

WednesdayDec 29, 2010 3:14 pm

California Gold Corp. (CLGL) Secures Financing to Fund Acquisition

California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target. California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to a select group of accredited institutional investors. The company sold 58.48 million units at a price of $0.025 per unit in two separate tranches, yielding approximately $1.46 million in proceeds. California Gold Corp. said that the 36.48 million units consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of…

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