WednesdayDec 02, 2009 1:11 pm

Global Technology Distribution Council Reports IT Market Momentum

Recently, the Global Technology Distribution Council released news that recent quarterly sales tracking in the technology distribution industry shows promising signs of IT market recovery in the U.S. and Europe. While revenue levels still remain significantly below comparable periods last year, industry conditions continue to improve. In Europe, the small-and-mid-size-business market has shown stability and improvement in recent weeks, especially in comparison to the larger enterprise market where GTDC members have expressed little surprise to see as slower recovery and less improvement. GTDC member sales, which represent more than $100 billion in annual worldwide revenue, are tracked via independent research…

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WednesdayDec 02, 2009 1:05 pm

Terra Energy & Resource Technologies, Inc. (TEGR.OB) Signs Join Venture with Lucas Energy (LEI) to Develop Oil and Gas Holdings in Texas

Terra Energy & Resource Technologies, Inc. and Lucas Energy, Inc. (AMEX: LEI) today announced the signing of a Memorandum of Understanding (MOU) for a joint venture to realize profits on oil and gas properties in Texas. The MOU creates an architecture whereby LEI’s oil and gas properties are combined with TEGR’s innovative technology and networking capacity, resulting in increased efficiency and productivity. LEI CEO Mr. William Sawyer stated that, "Lucas Energy's strategy is aimed at risk reduction, and we are excited that we can further reduce such risks in developing some of our properties utilizing the cutting edge technologies of…

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WednesdayDec 02, 2009 12:01 pm

Recovery Energy, Inc. (RECV.OB) Appoints Jim Miller to the Company’s Board of Directors

Recovery Energy, Inc., an independent energy company focused on the acquisition and development of undercapitalized and neglected onshore oil and gas fields located in the United States, recently announced the appointment of Jim Miller to the company’s Board of Directors. Mr. Miller’s appointment became effective on November 16, 2009 and he serves as an independent director for Recovery Energy. Mr. Miller began his career with a billion dollar holding company that focused on distressed situations, natural resources and energy opportunities. He is also a co-founder and managing director of FirstCity Crestone, LLC, an investment company with a focus on investing…

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WednesdayDec 02, 2009 11:53 am

BlueFire Ethanol Fuels Inc. (BFRE.OB) Sets Wall Street Ablaze with Announcement of Year-To-Date Income

One of the most unique companies to leave its mark on the stock market is BlueFire Ethanol Inc. One of only four companies to be awarded funding from the U.S. Department of Energy under the Energy Policy Act of 2005, BlueFire is the only cellulose-to-ethanol company across the globe with demonstrated production of ethanol from urban trash, rice and wheat straws, wood waste and other agricultural residues. Today, BlueFire took a major step towards enhancing their already bright future with the announcement that their year-to-date income exceeds $4.1 million. The income sources for this success include the before mentioned Department…

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WednesdayDec 02, 2009 11:34 am

New Concept Energy Inc. (GBR) Finds an Odd Mix Brings Stability

In past posts, the need for a diversified portfolio has been discussed. The same need for diversification of a company's product base was not. Common business wisdom preaches focusing on what a company does well and do more of it. Although this may be one way of approaching the business model, it is not the only way. In some instances, a balancing of assets can be another way of approaching the issue. This is especially true where a commodity is concerned. Because a commodity product can find very quick price rises and falls, having a stable and consistent source of…

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WednesdayDec 02, 2009 9:28 am

VIASPACE Inc. (VSPC.OB) Announces First Giant King Grass Harvest; Constructs New Processing and Storage Facility

VIASPACE Inc., a clean energy company growing Giant King(TM) Grass as a renewable, low-carbon energy crop, announced this morning that the first harvest of Giant King Grass has been completed and that a new grass processing and storage facility is under construction on company land in China. Chief Executive Dr. Carl Kukkonen stated, "The grass from this harvest provided seedlings for planting on our new land and is also being used to supply samples for testing and analysis by potential customers such as DP CleanTech and other electric power providers. The new building, now under construction, will process Giant King…

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TuesdayDec 01, 2009 3:43 pm

Houston American Energy Corp. (HUSA) Set To Raise Equity Capital

Houston American Energy Corp. reported today that it reached an agreement to sell three million shares of common stock to a group of institutional investors at a price of $4.68 per share. The company estimates it would receive $14 million in gross proceeds after underwriting and other fees. Global Hunter Securities and Knight Capital Markets, LLC were the underwriters on the deal. Houston American Energy Corp. is an oil and gas exploration and production company headquartered in Houston, Texas. The company holds a diversified portfolio of properties in both the domestic and international area. Houston American Energy Corp’s international assets…

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TuesdayDec 01, 2009 2:38 pm

Milestone Scientific Inc. (MLSS.OB) Inks Distribution and Marketing Agreement with Utah Medical Products Inc.

Milestone Scientific Inc. is engaged in computer controlled injection technologies for the medical and dental markets. The company today announced a supply and distribution agreement with Utah Medical Products Inc., in which Utah Medical will obtain the rights to market and sell Milestone’s patented CompuMed® computer-controlled, painless injection system to its North American customer base. CompuMed can reduce the dose of local anesthetic, and in turn, can reduce side effects, accelerate recovery time and lower costs. The product has gained clinical merit from demonstrations of its benefits in colorectal surgery; podiatry; dermatology, including surgery for the removal of basal cell…

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TuesdayDec 01, 2009 11:24 am

China Biologic Products, Inc. (CBPO.OB) to List Stock on NASDAQ

China Biologic Products, Inc. (CBPO), the largest non-state owned biopharmaceutical company in China, announced today the reception of approval to list its common stock on the NASDAQ. CBPO, through its majority-owned subsidiaries, constitutes a fully integrated biologic products company, with plasma collection, R&D, production, development, and commercial operations. With a well-established conduit into China’s top hospitals, the various plasma-based products made by CBPO are vital during medical emergencies, or are used for prevention and treatment. CBPO expects shares to begin trading on the NASDAQ tomorrow, Wednesday, Dec. 2, retaining the CBPO ticker. CEO of CBPO Mr. Chao Ming Zhao thanked…

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TuesdayDec 01, 2009 10:19 am

Taseko Mines Ltd. (TGB) to Receive $180 Million to Form Joint Venture for 25% of Gibraltar Mine

Taseko Mines Ltd. is a British Columbia-based mining company. The company's main assets are its Gibraltar copper-molybdenum mine, the Prosperity gold-copper project, the Harmony gold project and the early stage Aley niobium project. The company announced yesterday that it had signed a letter of intent with Sojitz Corporation to establish by early 2010 a joint venture over Taseko's Gibraltar copper/molybdenum mine. The terms of the deal require that Sojitz pay Taseko $180 million for a 25% interest in the mine. Taseko will continue to operate the mine. Sojitz is one of the large Japanese “trading houses”, a conglomerate with interests…

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