ThursdayMay 03, 2012 3:59 pm

Viking Systems, Inc. (VKNG) Posts Q1 Results, Business Update

Viking Systems, a developer, manufacturer, and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, today posted its first-quarter results for the three months ended March 31, 2012. Viking reports a 13 percent year-over-year increase in 2012 first-quarter revenues to $3.5 million, an increase of 61 percent compared to fourth quarter 2011 revenues. Gross profit for the quarter was $959,000, an increase of 47 percent year-over-year, and an increase of 138 percent compared to the fourth quarter of 2011. Net loss for the quarter was $401,000, compared with a loss of $446,000 in the first quarter of…

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ThursdayMay 03, 2012 2:01 pm

Crosshair Energy Corp. (CXZ) to Expand Uranium Exploration at Juniper Ridge in Wyoming, Over 5 Million Pounds Already Identified Last Year

Today, Crosshair Energy, which has quickly established a solid reputation in the North American uranium/vanadium resource recovery sector, with established resources at the flagship Bootheel (which has strong in-situ recovery potential) and Juniper Ridge sites in Wyoming, as well as the CMB Uranium/Vanadium and CMB JV Uranium projects in Labrador, Canada (with four currently defined resource areas), reported that the company will expand exploration at Juniper Ridge in response to the excellent uranium data generated by last year’s program. The 4,710-acre Juniper Ridge property consists of 197 federal lode claims (as well as one state mineral lease) and produced a…

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ThursdayMay 03, 2012 12:30 pm

GelTech Solutions, Inc. (GLTC) Gains Approval from US Forest Service for FireIce

GelTech Solutions creates innovative, eco-friendly, cost-effective products that help industry, agriculture, and the general public achieve environmental and safety goals. Two of the company's inventions are FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques and Soil2O Dust Control, an environmentally-safe and cost-effective solution for airborne dust control. The company today announced that the US Forest Service gave approval of blanket purchase agreements which provide the framework and pricing under which it may, at its discretion, process purchase orders for GelTech products. The GelTech products and mobile retardant bases will be used in…

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ThursdayMay 03, 2012 8:28 am

Gold Prices Weaken as Physical Demand and Jobs Data Fall

On Wednesday, weak physical demand and losses in equities and other commodities caused the price of gold to recede. The metal came under pressure after ADP’s April employment report showed that U.S. companies hired the fewest people in seven months. Many people interpreted this to mean that the economy has lost some momentum. However, some market watchers said the ADP data was not enough to alter a view that several economic indicators have smashed hopes of further quantitative easing, or government bond purchases, by the Federal Reserve. The gold market is anticipating Friday's April nonfarm payrolls data for the latest…

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ThursdayMay 03, 2012 8:19 am

Echo Therapeutics, Inc. (ECTE) Reports Positive Results from Symphony tCGM System Clinical Trial

Echo Therapeutics yesterday announced positive results from its clinical trial of the Symphony tCGM System, a needle-free, noninvasive, wireless, transdermal continuous glucose monitoring system. This study, conducted in 15 elective cardiac surgery patients, has been the first of two studies the company is conducting in critically ill patients; results from the second study are expected later this quarter. As evidenced in data from the study, Symphony successfully and continuously monitored glucose levels in Boston’s Tufts Medical Center cardiothoracic surgical intensive care unit. Data analysis also demonstrated that Symphony was accurate in reading glucose levels, with a mean absolute relative difference,…

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WednesdayMay 02, 2012 4:36 pm

Novatel Wireless, Inc. (NVTL) and NexTraq Ink Supply Agreement for Fleet Management System

Novatel Wireless, provider of intelligent wireless networking solutions, today announced it has signed a supply agreement with NexTraq, provider of GPS fleet tracking and vehicle management solutions, in which Novatel Wireless will supply its MT 3000 device for NexTraq's GPS fleet tracking solution. The Novatel Wireless MT 3000 is designed to improve productivity while reducing costs for fleet customers. The MT 3000 differs from wired telematics devices in that it is a plug-and-play device with internal antennas, which eliminates vehicle installation costs and associated vehicle out-of-service time. The MT 3000 features include GPS location, ignition, geo-fencing, trip reporting and events,…

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WednesdayMay 02, 2012 4:17 pm

Phototron Holdings, Inc. (PHOT) Announces Progress of Growth Strategy and Acquisitions

Phototron Holdings, a technology supplier to the hydroponic growing industry, detailed its consolidation strategy as the company integrates its acquisition of SG Technologies and its pending acquisition of Greners.com, the largest on-line supplier of hydroponic equipment in North America. Phototron Holdings’ acquisition of SG Technologies and the pending acquisition of Greners.com are the first steps in what Phototron Holdings calls a “comprehensive roll-up strategy” to rapidly build shareholder value through acquisition of profitable players in the grow technology and lifestyle space. SG Technologies’ provides LED technology products that Phototron Holdings CEO Sterling Scott says are complimentary and already incorporated into…

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WednesdayMay 02, 2012 11:35 am

Full House Resorts, Inc. (FLL) Gets Financing for Silver Slipper Casino Acquisition

Full House Resorts develops, manages, and owns gaming facilities across the country. The company owns the Rising Star Casino Resort in Rising Sun, Indiana, Stockman's Casino in Fallon, Nevada, and also operates the Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort in Incline Village, Nevada. In addition, it has management agreements to run the Buffalo Thunder Casino and Resort in Sante Fe, New Mexico, along with two other casinos in New Mexico – Cities of Gold and Sports Bar casinos. The company today reported that it has obtained financing commitments for new credit facilities totaling $75 million. These…

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TuesdayMay 01, 2012 4:14 pm

Northwest Biotherapeutics, Inc. (NWBO) Receives $5.5M Grant to Cover Manufacturing and Clinical Trial Costs

Northwest Biotherapeutics, a biotech company focused on developing improved immunotherapy products to treat cancers, today announced that, working together with the Fraunhofer Institute (IZI), it has received approval of a $5.5 million grant from the Sachsische Aufbau Bank (SAB or Saxony Development Bank) in Germany. Funding for the grant has been provided by the German Federal State of Saxony and the European Union. The grant will reimburse 50 percent of the manufacturing costs in Germany, as well as for NW Bio's clinical trial with DCVax®-L for brain cancer at up to 30 clinical sites in Germany. NW Bio said it…

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TuesdayMay 01, 2012 4:10 pm

Sauer Energy, Inc. (SENY) Announces Development of Community Wind Projects for Individual or Small-group Use

Sauer Energy, a developer of home and enterprise scale vertical axis wind turbine (VAWT) systems, today detailed its development of community wind projects utilizing its wind turbine products to meet demand for affordable alternative energy, while providing jobs and promoting free enterprise. The company’s plan is to generate energy from a set of turbines in a low wind area while remaining close to an existing grid. A community wind project is an asset that can be owned by an individual or a small local group, and can contain a few units or a “considerable” number of units depending on the…

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