WednesdayJun 27, 2012 4:08 pm

JWC Acquisition Corp. (JWCAU) and The Tile Shop to Form Tile Shop Holdings Venture

JWC Acquisition Corp. and The Tile Shop, LLC, a specialty retailer of manufactured and natural stone tiles and related accessories, today announced their agreement to combine business under a new holding company, Tile Shop Holdings Inc., which intends to apply for listing on the Nasdaq Stock Market under the symbol “TTS” upon the closing of the business combination. The Tile Shop currently operates 61 specialty retail stores in 20 states, with eight of the stores opened in 2012. Through its merger with JWC, The Tile Shop says it is positioned to leverage greater access to capital to further execute on…

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WednesdayJun 27, 2012 4:05 pm

Cuticonsai Group of Italy Completes Field Testing of Start Technologies, Inc.’s (GWBU) FEED Device

Great Wall Builders Ltd., operating as "Start Technologies Europe s.r.o.", today announced the completion of field tests conducted on its Start Fuel Efficiency and Efficiency Device (FEED) technology. The Start FEED technology reduces emissions and saves fuels. Testing of the product was done by Cuticonsai Group of Italy, which reported that the technology successfully increased operating profits by achieving an average 8 percent fuel savings, and it meets strict European Low Emission Zone (LEZ) requirements. Cuticonsai, provider of transportation services for commercial goods, construction material, and waste management services in Italy, has ordered an additional 100 Start FEED units priced…

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WednesdayJun 27, 2012 12:43 pm

PowerSecure International, Inc. (POWR) Receives Contracts Worth $15 Million for Power Projects

PowerSecure International is a leading provider of energy and utility technologies to electric utilities and their industrial, commercial, and institutional customers. The company provides products and services in the areas of: energy efficiency, interactive distributed generation, and utility infrastructure. The company announced today that it has received $15 million worth of new contracts for its Interactive Distributed Generation (IDG) smart grid power systems and utility infrastructure projects. The new IDG system awards total $10 million and include installations for hospitals and data centers along with pharmaceutical and industrial facilities. The utility infrastructure contracts total $5 million and include transmission system…

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WednesdayJun 27, 2012 8:57 am

GlobalWise Investments, Inc. (GWIV) Continues to Drive International Expansion with Channel Partner Strategy

GlobalWise Investments, Inc. and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management (“ECM”) systems in both the public and private sectors, today provided investors with an update on the company’s progress to date and near term intentions to expand into international markets. For nearly two decades, Intellinetics has focused primarily on domestic United States markets, selling ECM software services through a traditional, direct sales force. This strategy has served Intellinetics well, but the original father-son management team of Matthew and Michael Chretien saw the opportunity to…

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WednesdayJun 27, 2012 8:33 am

NCI, Inc. (NCIT) Awarded $6.4 Million Task Order for Services to U.S. Army

NCI announced yesterday that it has been awarded a competitive task order valued at $6.4 million to provide modeling, simulation, and network operations security center (NOSC) engineering support for the United States Army’s Signal Center of Excellence, Capabilities Development Integration Directorate, Experimentation Division located at Fort Gordon, GA. The period of performance begins July 1st and includes a base year and two option years. According to the task order, NCI will develop modeling and simulation tools, information-dissemination management tools, data, products, analysis methods, and deliverables for the Government to use in support of the Army’s current and future communications experimentation…

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WednesdayJun 27, 2012 8:31 am

Meru Networks, Inc. (MERU) Announces Improvements to Cutting-Edge BYOD and Guest Access Wi-Fi Solution

Meru Networks, a leader in virtualized 802.11 enterprise wireless networks, announced that it has made its Identity Manager product available. Identity Manager is the industry’s original integrated Bring-Your-Own-Device (BYOD) provisioning and guest access solution with the capability of using a Property Management System (PMS). Identity Manager is able to streamline secure guest access and BYOD provisioning for nearly every operating and network in use today. This simplification drastically decreases IT workload while delivering an easy on-boarding experience for users. The integrated software platform, deployed at over 2,500 customers, is comprised of two modules, the first of which is known as…

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TuesdayJun 26, 2012 4:03 pm

Independence Energy Corp. (IDNGD) Selects First Potential Drill Target in Coleman, Texas

Independence Energy’s business strategy is to advance its line-up of existing oil and gas exploration endeavors through development or offset drilling and to bolster its portfolio through the acquisition of select property interests. The company and its partners today announced they have chosen the first potential drill target at the Coleman South Lease exploration joint development project in Coleman County, Texas. Independence currently holds a 12.5 percent working interest in the Coleman South Lease project and holds an option to increase its working interest to 25.0 percent. The company will be expected to finance its portion of the well cost…

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TuesdayJun 26, 2012 3:39 pm

Cellceutix Corp. (CTIX) Awarded FDA Approval for Anti-Cancer Compound; Prepares for Phase I Clinical Trial

The U.S. Food and Drug Administration (FDA) recently approved Cellceutix’s Investigational New Drug (IND) application for Kevetrin™, the company’s novel anti-cancer compound. In addition, the biopharmaceutical company was notified that both the Institutional Review Board (IRB) and the Scientific Review Committee (SRC) have approved clinical trial protocol. The noted FDA-approval authorizes the company to move forward with the phase 1 trial, which will be conducted at Harvard Cancer Center's Dana-Farber Cancer Institute and partner Beth Israel Deaconess Medical Center. "In many, if not the majority, of instances, approval from the IRB and SRC can take months to receive. For us…

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TuesdayJun 26, 2012 1:10 pm

Scio Diamond Technology Corp. (SCIO) Reports First Successful Run for Diamond Growing Reactors

Scio Diamond Technology employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting. These lab-grown or cultivated diamonds have the identical chemical, physical, and optical properties as natural diamonds found in the earth. The company intends to sell artificial diamonds to the both the jewelry and the technology sectors. The company reported today that the first full production run using its S3532 technology of five diamond growing reactors was extremely successful. The five growers ran an average of 179 hours each, producing over 220 gross carats of diamonds. Scio Diamond's CEO Joe Lancia…

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TuesdayJun 26, 2012 1:04 pm

Lantronix, Inc. (LTRX) Signs Distribution Partnership for xPrintServer with Micro Center

Lantronix, a leading global provider of smart M2M connectivity solutions, announced a partnership with Micro Center to market and sell the award-winning xPrintServer™ Network Edition, iOS printing solution. The xPrintServer Network Edition will retail for $149.99 MSRP. "We are thrilled to have Micro Center as the first retail outlet for our award-winning xPrintServer," said Rob Robinson, Vice President of Worldwide Sales for Lantronix. "We are aggressively working toward expanding our global retail, etail, and traditional distribution networks, and Micro Center is a prime example of a retailer targeting IT decision makers for our xPrintServer network edition, as well as future…

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