FridayFeb 12, 2010 10:49 am

Helix Wind Corp. (HLXW.OB) Receives Bridge Financing from St. George Investments

Helix is a global renewable energy company that is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate clean and renewable energy. Today, Helix announced that they have received the second tranche of bridge financing from St. George Investments, LLC. Helix made the announcement they had secured a bridge loan from St. George on February 8 of this year in the total of $585,000. This second tranche was in the total of $185,000 and could lead to big things for the future of Helix. Leading the way at Helix is Ian Gardner who…

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FridayFeb 12, 2010 10:32 am

China Digital Animation Development, Inc. (CHDA.OB) Announces Appointment of Andrew Mininger to Its Board of Directors

China Digital Animation Development, Inc., a premier China-based digital animation development company operating in one of the largest animation development centers in China, recently announced the appointment of Andrew Mininger to the board of directors. Mr. Minninger is currently the chief executive officer of Mada Design, a New York-based graphic design firm specializing in packaging, publishing, illustration, 2D animation and licensing. With more than 15 years of experience and successfully placing over 52 brands in the pharmaceutical industry, Mr. Mininger is an expert at developing innovative strategies for introducing new products into the marketplace and creating brand awareness. In addition,…

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FridayFeb 12, 2010 10:27 am

Athersys Inc. (ATHX) Tacks Two New Patents to its Intellectual Property Portfolio

Biopharmaceutical company Athersys Inc. yesterday announced the addition of two patents to its broad intellectual property portfolio, now consisting of 14 granted patents and more than 120 global patent applications around its stem cell technology and MultiStem product platform. Athersys was recently granted U.S. patent 7,659,118 that covers the company’s MultiStem technology and non-embryonic multipotent stem cells, including their isolation, expansion, and related pharmaceutical compositions. The company has also been granted EP patent EP1218489B1 that covers non-embryonic pluripotent stem cells, including their isolation, expansion and usage. In its trials, MultiStem® has demonstrated therapeutic potential to treat a broad range of…

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FridayFeb 12, 2010 10:23 am

Pacific Biomarkers, Inc. (PBME.OB) Announces Quarterly Results

Pacific Biomarkers Inc., Seattle based provider of specialized central laboratory and contract research services supporting pharmaceutical and diagnostic manufacturers, today reported financial results for the second quarter of FY2010, together with first half results for the fiscal year. Revenue for the three months ended December 31, 2009 (their second quarter FY2010), decreased 35%, to $2,113,795, compared with the same quarter last year, and decreased 8% compared with the previous quarter. The company reported an operating loss of $307,037 (and net loss of $457,629) for the quarter, versus an operating income of $554,505 (and net income of $976,671) for the same…

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ThursdayFeb 11, 2010 11:42 pm

Eastern Insurance Holdings, Inc. (EIHI) Reports Net Income and Book Value Growth

Eastern Insurance Holdings, Inc. reported net income of $2.7 million, or $0.29 per diluted share, for the quarter ending 12/31/2009. In the same quarter of 2008, Eastern Insurance Holdings, Inc. reported a net loss of $18.4 million, or $2.05 per diluted share. Eastern Insurance Holdings, Inc. also grew book value on a year over year basis, from $14.13 per share at the end of 2008 to $15.78 per share at December 31, 2009. The company reported revenue of $36.7 million for the fourth quarter of 2009, up from $30.1 million in the same quarter of 2008. Bruce M. Eckert, the…

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ThursdayFeb 11, 2010 12:45 pm

Nutra Pharma Corp. (NPHC.OB) Hires David Isserman as Chief Marketing Officer

Nutra Pharma Corp. is a biotechnology company that is developing proprietary therapeutic protein products for the prevention and treatment of viral and neurological diseases. These diseases the company is working on include: multiple sclerosis (MS), HIV, adrenomyeloneuropathy (AMN) and also pain treatment. The company announced today that it has hired David Isserman to serve as its chief marketing officer. Mr. Isserman, a longtime consultant to the company, will be responsible for overseeing the company's corporate communications and investor relations. In addition, he will work directly with Nutra Pharma licensees to coordinate ongoing marketing and outreach initiatives for the company's drug…

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ThursdayFeb 11, 2010 11:16 am

Winner Medical Group Inc. (WWIN) Reports Winning First Quarter Results

One company that is evolving into a global power is Winner Medical Group Inc. Located in China, Winner Medical has grown into a leading manufacturer and the largest exporter by volume in the medical dressing industry throughout all of China. Yesterday, Winner Medical reported fiscal first quarter 2010 revenue that increased 15.8% year-over-year to close over $29.8 million and diluted earnings per share that increased 142.9% to $0.17. While these numbers would be impressive at any time, they stand out even stronger when one considers the current state of the global economy. First quarter gross margins for FY2010 also increased…

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ThursdayFeb 11, 2010 11:11 am

China Industrial Waste Management (CIWT.OB) Demonstrates Success of its Dongtai Organic Waste Treatment Project

China Industrial Waste Management, Inc., a full-service industrial waste handling operation which focuses on environmental protection and manages all aspects of the process through its family of 7 subsidiaries located in mainland China, announced today the first payment of $120,000 for biogas (natural gas) processed at its Dongtai Organic Waste Treatment Project (Dongtai Organic), which is anticipated to have a $180k/month ceiling when full capacity is reached. The epicenter of activity for the Company is Dalian and surrounding areas in Liaoning Province via its 90%-owned main subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd. (Dongtai), which handles treatment, disposal and…

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ThursdayFeb 11, 2010 11:08 am

Capital Gold Corp. (CGC) and Nayarit Gold Enter Into Merger Agreement

Capital Gold Corp. and Nayarit Gold Inc. today jointly announced that they have entered into an agreement with respect to a proposed business combination in an all-share transaction. The board of directors of both firms will recommend approval of the deal to their shareholders, which must also approve the merger. Nayarit shareholders will receive 0.134048 shares of Capital Gold for each share of Nayarit they own. After the merger, Nayarit shareholders will own nearly 20% of the new merged company. Pending shareholder and regulatory approvals, the transaction is expected to close in May 2010. Both companies are involved in metals…

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ThursdayFeb 11, 2010 10:31 am

Akeena Solar, Inc. (AKNS) Reports Financial Results for Fourth Quarter and Year-End 2009

Akeena Solar, Inc., a leading installer of solar power systems and designer of AC solar panels, today announced its financial results for the fourth quarter and year ended December 31, 2009. "2009 was a turning point for Akeena Solar as we diversified our revenue streams by launching the distribution sales of Andalay AC solar panels. Our patented Andalay technology, new distribution channels, and growing brand awareness provide the foundations for rapid growth in the rooftop solar market," stated Barry Cinnamon, CEO. "The traction we are gaining with our new distribution partners -- including our growing network of Andalay dealers, Lowe's…

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