TuesdayMar 30, 2010 10:18 am

NioGold Mining Corp. (NOXGF.PK) Appoints Simon Ridgeway to Its Advisory Board

NioGold Mining Corp. is a mineral exploration company focused on gold. The company's flagship projects are located in the Cadillac – Malartic – Val-d'Or stretch of the prolific Abitibi gold mining district of Quebec, Canada. NioGold's land holdings within the Abitibi encompass three former gold producers. These are the Nortartic, Marban and Kierens mines that collectively produced 600,000 ounces of gold. The company announced today the appointment of Simon Ridgeway to the company's newly created advisory board. Mr. Ridgeway is an accomplished mine developer with over 30 years of experience in the mining industry. He is a co-founder of the…

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TuesdayMar 30, 2010 9:54 am

Comprehensive Care Corp. (CHCR.OB) Announces New Contract to Provide Austism Care Services in Wisconsin

Comprehensive Care Corp., a leading provider of behavioral health, autism, substance abuse and employee-assistance programs for governmental agencies, managed-care companies and employer groups throughout the United States, recently announced that the company has secured a contract to provide autism care coordination services for a health plan in Wisconsin. Effective March 1, 2010, the contract commences CompCare’s expansion into the state of Wisconsin. The new contract is a direct result of the company’s efforts and growing reputation in offering a specialized program for families affected by autism. Specializing in helping families receive early intervention and support for autism, CompCare plans to…

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TuesdayMar 30, 2010 9:52 am

Southwestern Energy Company (SWN) Wins Bid to Explore for Oil and Gas in New Brunswick

Southwestern Energy Company said that it won an exclusive license to explore for oil and gas on 2.5 million acres in New Brunswick, Canada. Southwestern Energy Company is required to spend $47 million in capital over the next three years on this exploration program. This exploration program in Canada is the company’s first outside the United States. Steve Mueller, the CEO of Southwestern Energy Company, said, “While the Maritimes Basin has been recognized for years, we have identified a large area which we believe is prospective for oil and natural gas. There is a significant amount of data yet to…

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TuesdayMar 30, 2010 9:50 am

DJSP Enterprises (DJSP) Reports Growth in Adjusted Net Income

DJSP Enterprises reported adjusted net income of $12.1 million for the fourth quarter of 2009. In comparison, the company reported adjusted net income of $7.2 million in the same quarter of 2008. DJSP Enterprises also reported a large increase in revenues, reporting $70.5 million in the fourth quarter of 2009, up from $52.9 million in the same quarter of 2008. Revenues for the full year 2009 were reported at $260.3 million in 2009, an increase of 31% from the $199.2 million reported in 2008. The company attributed the strong growth in revenues to a large increase in foreclosures and real…

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TuesdayMar 30, 2010 9:50 am

Star Scientific Inc. (CIGX) Finishes a Decent 2009, Continues Work on a Variety of Nicotine Free Projects

In many cases, when a very large company starts to take notice of what a smaller, similar company is up to there is cause to make a metal note. Larger companies are always on the lookout for possible competition, but also for the possibility of horizontal expansion. It might take a little longer than an investor would like, but profit may be there. Star Scientific Inc., a company oriented toward developing processes that deter the formation of carcinogens on tobacco leaves and tobacco smoke, works to market its products in conventional ways toward cigarettes, but also in other ways that…

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MondayMar 29, 2010 2:10 pm

Home System Group (HSYT.OB) Reports FY 2009 Results, Posts 19% Revenue Increase

Home System Group, an international manufacturer of a variety of household appliances, today posted its financial results and highlights for the year ended December 31, 2009. The company's Weihe subsidiary, acquired in October 2008, contributed significantly to revenue and operating results. Home System Group posted 2009 revenue at $61.8 million, up from $51.9 million in 2008, reflecting $25.3 million of additional revenue from the company’s acquisition of Weihe. Revenue was partially offset by the fourth-quarter 2008 sale of approximately $10 million of raw materials. Gross margin rose to 25.8% in 2009 from 16.2% in 2008, stemming from Weihe's higher margins,…

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MondayMar 29, 2010 1:50 pm

XO Holdings, Inc. (XOHO.OB) Subsidiary Rolls Out Nationwide 40 Gbps Service

XO Holdings, Inc.’s subsidiary XO Communications, a leading US provider of sophisticated broadband services and solutions through its wireless, high-capacity nationwide and metro networks such as data, voice and IP, announced today the debut of 40 gigabits per second (Gbps) service in all of its 75+ major metropolitan markets. The growing demand for high-speed, scalable, high-performance connectivity solutions, especially from enterprise and wholesale customers (who seek greater traffic capacity and require the necessary fidelity to go along with it), has prompted this move by the Company. Sizeable enterprises, like financial institutions and trading firms, are generating unprecedented demand for secure…

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MondayMar 29, 2010 1:47 pm

AlphaRx, Inc. (ALRX.OB) to List Canadian Subsidiary, Expand Chinese Footprint

AlphaRx, Inc., the pharmaceutical developer using a proprietary, site-specific nano delivery technology to reformulate FDA approved drugs to offer significant medical and commercial improvements, announced today plans to list the Company’s China-focused Canadian subsidiary on an exchange in Canada. This move by ALRX will effectively create two public companies, one consisting of developed markets, and one for emerging markets like Asia. With an array of products for multiple pharmaceutical markets, from inflammation to pneumonia and stroke, ALRX is well-positioned to capitalize on this strategic shift to a structure composed of two independent units which will be better able to address…

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MondayMar 29, 2010 12:07 pm

Telkonet, Inc. (TKOI.OB) Secures New Coast Guard Contract and Extends Naval Contract

Telkonet Inc. is one of the market-leading clean technology companies providing integrated, centrally-managed energy management and smart grid networking solutions to the emerging $50 billion smart grid and energy efficiency markets. The company is one of the top three occupancy-based energy management control providers in each of the hospitality, education, healthcare, military, commercial and residential markets. The company announced today that it has been selected to deploy its Telkonet SmartEnergy energy management system on two separate military bases. The two contracts, together worth approximately $400,000, were awarded to Telkonet as part of overall base energy efficiency projects through a large…

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