ThursdayNov 19, 2009 2:48 pm

Beacon Power Corp. (BCON) Breaks Ground on 20-Megawatt Flywheel Energy Storage Plant

Beacon Power Corp. was joined today by state and local officials at a formal groundbreaking event in Stephentown, New York, signaling the start of construction for the nation's first full-scale 20-megawatt flywheel frequency regulation plant. Initial construction on the plant will start this month, with full construction expected to begin in late first quarter of 2010. The plant is to be completed in 16 to 18 months. The company's business strategy is to commercialize its patented flywheel energy storage technology to support stable, reliable and efficient electricity grid operation. Beacon Power's technology is intended to perform frequency regulation services on…

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ThursdayNov 19, 2009 1:26 pm

Fed Characterizes Declining Dollar as Nominal

Future voting members of the Fed’s policy setting committee waved off concerns regarding a declining dollar on Thursday, Nov. 19, suggesting that unless the decline becomes volatile or otherwise erratic, concerns about an inflationary impulse are unwarranted. In commentary that seems to suggest the dollar’s decline may be a counterbalance to a historically undervalued renminbi (RMB). Dallas Fed President Richard Fisher told Market News International (MNSI) that the declining dollar value was simply one factor out of many the Fed used as an analytical input for its policy setting model. Fisher told reporters that “a gradually depreciating dollar” would not…

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ThursdayNov 19, 2009 11:48 am

EcoBlu Products Inc. (ECOB.OB) and Megola Sign Exclusive Licensing Agreement

EcoBlu is a manufacturer of proprietary wood products that are coated with eco-friendly chemistry that protects against mold, termites, and fungus. Another aspect of wood protection that EcoBlu has strived to obtain is against fire, which is why they signed an exclusive licensing agreement with Megola (Pink Sheets: MGOA) to add to the company’s proprietary BLUWOOD technology. Megola is a recognized industry leader in fire protection and this partnership agreement will enable EboBlu to protect both dimensional lumber and engineered wood against the devastating threat of fire. The key to this agreement was Megola allowing EcoBlu the exclusive rights to…

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ThursdayNov 19, 2009 11:41 am

Digital Advertising is Here Whether One Knows it or Not

Although it may be a bit trite to say, those that have the most toys at the end wins. Advertising is much in this vein and an aspect of marketing that is making its move into the technology realm. How the move is made is the question. There are a continuing flow of new options as technology advances but the central premise remains: make as much noise as quickly and as loudly as possible. This is not a new idea but one that is quietly and quickly becoming more difficult in a rapidly changing advertising world. Finding that new way…

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ThursdayNov 19, 2009 11:26 am

China Marine Food Group Ltd. (CMFO) Releases 2010 Guidance

China Marine Food Group Ltd., a China based processor and distributor of seafood products, today announced revenue and net income guidance figures for the year 2010, showing anticipated increases in revenue and net income. The company is now forecasting 2010 revenues of greater than $80.0 million, based on current sales from China Marine's existing distribution network of 19 master distributors in seven provinces throughout China. The forecast anticipates strong performances from the sales territories of Jiangsu and Shanghai, plus continued growth in Guangdong and the Sichuan area, including the cities of Chengdu and Chongqing. China Marine also plans to launch…

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ThursdayNov 19, 2009 11:13 am

Ecologic Transportation, Inc. (EGCT.OB) Opens Environmentally Friendly Waterless Car Cleaning Center in San Diego

Ecologic Transportation, Inc. recently announced that Ecologic Products, the company’s subsidiary dedicated to environmentally friendly transportation products and services, commenced operations of its waterless car cleaning service at the San Diego, CA airport Park N’ Fly parking lot. Ecologic Shine™, the company’s car cleaning service, uses an exclusive line of 100 percent organic cleaning products for less or the same cost as a regular car wash. Setting new standards for environmental car cleaning, Ecologic Shine™ is gaining popularity. The car cleaning service is essentially waterless versus the average regular car wash’s use of 60-70 gallons of water. William N. Plamondon,…

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WednesdayNov 18, 2009 3:15 pm

Champions Biotechnology Inc. (CSBR.OB) Obtains Exclusive License for Cancer Treatment in Collaboration with Yale and Southern Research Institute

Champions Biotechnology Inc. focuses on oncology drug developments and preclinical platforms and data to enhance and accelerate the value of those drugs. The company today announced an exclusive licensing agreement with Yale University and Southern Research Institute for the development of Bithionol for cancer treatment. According to scientists from Yale and Southern Research, Bithionol, which is available for parasitic infections, shows activity against solid cancerous tumors and may be effective in treating melanoma, prostate, breast, lung and other cancers. Per the agreement, Yale and Southern Research will receive an upfront payment, as well as milestone payments and royalties; Champions has…

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WednesdayNov 18, 2009 3:10 pm

Niusule Biotech Corp. (NIUS.OB) Announces Guidance for Calendar Year 2010

Niusule Biotech Corp. develops and distributes health food and related products manufactured in the US to Chinese consumers. The company launched its Niasule Gummy Bears nutritional supplements for children in September 2009 and its PlantFusion protein powder in June 2009. Niusule has a retail distribution network of 36 outlets in the Zhejiang province and is aggressively seeking to expand into other regions in China. The company announced today guidance for revenue, gross margin and net income for calendar year 2010. Based on current trends and planned expansion of its retail distribution network, Niusule management is now forecasting that revenue for…

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WednesdayNov 18, 2009 1:04 pm

China Digital Animation Development, Inc. (CHDA.OB) Enters Stock Purchase Agreement

Today, China Digital Animation Development, Inc. announced that it has entered into a stock purchase agreement with Chongqing Dinv Ares Filming Production Co., Ltd. (Dinv Ares), an award-winning film production company based in Chongqing, China. The acquisition will be an all-stock transaction in which China Digital Animation will issue one million shares of its common stock to Dinv Ares. In exchange, it will receive certain assets of the company. The acquisition of Dinv Ares provides China Digital Animation with a talented, creative team of production professionals, in addition to assets such as: post-editing facilities, professional video cameras, lighting, audio and…

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WednesdayNov 18, 2009 1:00 pm

Global Entertainment Corp. (GNTP.OB) Opens Two Event Centers in Texas and Missouri

Global Entertainment Corp. announced today the grand opening of its two new event centers in Allen, Texas and Independence, Missouri. Allen, Texas is proud of their beautiful new Allen Event Center (AEC). At the official ribbon cutting ceremony this past Nov. 4, 500 spectators packed the plaza entrance to hear Mayor Stephen Terrell welcome the happy citizens of Allen and people throughout Collin County. Terrell conveyed his and the community’s excitement, recounting the opening events, which included a winning hockey game and a Reba McEntire concert (both of which saw a packed house), and said this was all the result…

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