QualityStocks Stock Newsletters Archives - Page 641 of 1818

MondayNov 30, 2009 11:56 am

Cannabis Science, Inc. (CBIS.OB) Gets New Advisory Board Members

Cannabis Science Inc., best known for its research and development in the medical uses of marijuana, has announced that Dr. Ben Johnson, Dr. Allan Shackleford, and Dr. William Courtney, have all accepted membership on the company’s recently formed Scientific Advisory Board. Already serving on the board are Dr. Mitch Earlywine, Ph.D. and Dr. Ritchard Fishman, M.D. The addition of several prominent scientists and physicians is expected to help hasten the company’s FDA submissions. Dr. Ben Johnson is a complementary and alternative medicine physician, with a degree in Osteopathy in addition to M.D. and N.M.D. degrees. He is the founder and…

MondayNov 30, 2009 11:01 am

Gabelli Equity Trust (GAB) Continues its Solid and Stable Run in the Income Sector

Following the in-flows and out-flows of the mutual fund industry offers insight as to what the general investor is up-to. As might be expected, in a poor economy, investment monies tend to flow out of mutual funds. This reality is the current trend with investment capital leaving funds. The astute investor, however, may see this as an opportunity. Not following the "herd" is how profit is made. The opportunities are apparent and transparent, which is the advantage of mutual funds. An investor can easily see where and what is being invested in. Commodities, "blue-chips" or a blend is the choice.…

MondayNov 30, 2009 9:03 am

Ironwood Gold Corp. (IROG.OB) Makes National News with the Acquisition of Additional Mineral Rights at Cobalt Canyon Gold Project

One company that has been stirring up a storm in the desert is the Arizona based Ironwood Gold Corporation. A noted mineral exploration and development company, Ironwood Gold is building a unique portfolio of prospective properties containing known deposits of strategic precious metals in mine-friendly North America. Today, Ironwood Gold took a major step towards enhancing their future with the acquisition of mineral rights at Cobalt Canyon Gold Project in Nevada which contain 32 additional Federal Iode mining claims. With the additional 32 claims covering 274 acres, the project, which was originally believed to cover a total of 422 acres,…

MondayNov 30, 2009 8:57 am

Incyte Corp. (INCY) Inks License Agreement with Novartis for Oncology Treatment

Incyte Corp. is a development company focused on oncology, inflammation and diabetes treatments. The company recently announced an agreement with Novartis regarding two of its investigational hemotology-oncology therapies. INCB18424 is an oral inhibitor in phase III development for myelofibrosis, a potentially fatal condition that includes bone marrow failure, splenic enlargement and debilitating constitutional symptoms. INCB28060 is an oral inhibitor that will soon be in phase I development as treatment for multiple cancers. The license and collaboration agreement calls for Incyte to keep the exclusive rights for the development and commercialization of INCB18424 in the United States. Novartis will be responsible…

MondayNov 30, 2009 8:48 am

Derma Sciences, Inc. (DSCI.OB) Plans Reverse Stock Split

Last week, specialty medical device and pharmaceutical company Derma Sciences, Inc. announced that its shareholders granted Derma Sciences' Board of Directors the authority to implement a reverse stock split in the range of 1-to-5 and 1-to-10. Derma Sciences' Board of Directors anticipates the reverse split to occur in the near future. The precise reverse split ratio will be determined in accordance with the then prevailing market conditions. For the 20-day period following implementation of the reverse split, Derma Sciences' ticker symbol will be "DSCID" to reflect the post-split price. Following that period, the ticker symbol will revert to "DSCI." Ed…

MondayNov 30, 2009 8:46 am

GWS Technologies, Inc. (GWSC.OB) Slated to Begin Distribution of Solaranda™ Technology

Alternative energy company GWS Technologies, Inc. recently announced that it is anticipated to begin distribution of the Solaranda™ Solar Shade Structure, a project that contributes to their ongoing development of solar and wind-powered renewable energy products and solutions. The Solaranda™, a shade structure that integrates solar photovoltaic panels into roof structures, provides both shade and electricity for homes and businesses. Already, the systems have been pre-engineered to meet countrywide building code requirements. The Solaranda™ kits include steel interior beams and posts with an aluminum covering that provides a lifetime warranty and No-Maintenance structure for the solar panels. Michael Coskun, Vice…

MondayNov 30, 2009 8:41 am

Even the Bond Market Requires Due Diligence

Most investors are aware that a balanced portfolio of stocks, bonds and other investments offer the best method of investment stability, and (likely) profitability over time. Some might say bonds offer the most safety along with treasuries of a like nature. In many instances, this may be true. But in others it may be less so. Where a currency is based on trust and a country’s ability to support that currency through borrowing (where the gold standard does not apply), bonds rely on the ability to pay rate of return. If the rate of return is not supported, the bond,…

WednesdayNov 25, 2009 1:47 pm

Spending Growth Rises as Inflation Seems Manageable to Fed Despite Job Market

Several recent data points indicate consumer confidence is on the mend, promising signs of an economic recovery. The Commerce Department reported today a 0.7% rise in consumer spending for last month, which is a good turnaround from the 0.6% decline in September. With income also up 0.2%, marking the second month of rising income, and the best performance yet since the August jump of 1.3% when the Cash for Clunkers program kicked off, the spending environment is starting to loosen. Because consumer spending accounts for nearly 70% of economic activity, this rebound in spending is a good indicator of the…

WednesdayNov 25, 2009 10:57 am

Wake Forest Bancshares, Inc. (WAKE) Reports Profitable Fiscal Year

Wake Forest Bancshares, Inc. reported net income of $180,000, or $0.16 per share, in the fiscal year ending September 30, 2009. The bank earned $1.0 million, or $0.87 per share, in fiscal 2008. Wake Forest Bancshares, Inc. attributed the weaker results to lower net interest margins, and an increase in net charge offs due to the recession. Wake Forest Bancshares, Inc. reported total assets at the end of fiscal 2009 of $112.2 million, and loans outstanding of $71.2 million. The company also saw a higher assessment from the Federal Deposit Insurance Company (FDIC) for payments to the deposit insurance fund.…

WednesdayNov 25, 2009 10:56 am

Rahaxi, Inc. (RHXI.OB) Reports Increase in Hardware Revenue and a Reduction in Quarterly Loss

Rahaxi Inc., an international card payments processor and technology company, today reported financial results for the three month period ended September 30, 2009. The company reported a significant increase in hardware-related revenues during that three month period. These revenues came in at $397,193 versus $163,273 in the prior period, an increase of about 143%. The company also reported a much smaller loss in the three month period ended September 30, 2009. Net losses came in at $1,132,279 for that three month period as compared to $3,351,972 for the same period last year, a decrease of approximately 66%. The decrease in…

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