QualityStocks Stock Newsletters Archives - Page 649 of 1818

FridayNov 13, 2009 9:14 am

eMagin Corp. (EMAN.OB) Ushers in Third Phase of OLED Microdisplay Development

Yesterday, eMagin Corporation announced that it has commenced a 2-year, $6 million program to develop an ultra-high resolution OLED microdisplay. Managed by the Telemedicine and Advanced Technology Research Center of the US Army Medical Research and Materiel Command, the program introduces the third phase of a multiple year effort to provide a prototype of an ultra-high resolution display system suitable for several applications within Army medicine and military simulation and training. The Widescreen Ultra eXtended Graphics Array (WUXGA) microdisplay will be sized for a less than one-inch diagonal with over 7 million pixels at a 9.6 micron color pixel pitch.…

FridayNov 13, 2009 9:12 am

Synergy Pharmaceuticals (SGYP.OB) Completes Private Placement – Raises $8.6 Million in Common Stock Financing

Synergy Pharmaceuticals, Inc., a leading biopharmaceutical company focused on the development of new drugs to treat gastrointestinal disorders and diseases, recently announced that the company has completed a private placement, raising an aggregate $8.6 million through the sale of common stock at a price of $0.70 per share. The proceeds from the private placement will be used to fund a Phase IIa clinical trial of Synergy’s SP-304 for chronic constipation, which is scheduled to commence in the first quarter of 2010. SP-304, a synthetic analog of the human gastrointestinal hormone uroguanylin, recently finished a Phase I clinical trial in volunteers.…

ThursdayNov 12, 2009 3:23 pm

Metalink Ltd. (MTLK) Reports Loss in Third Quarter

Metalink Ltd. reported a net loss of $4.0 million, or $0.16 per share, in the third quarter of 2009. These results were slightly worse than the $3.0 million, or $0.13 per share, the company lost in the same quarter last year. Revenues were $500,000 in the third quarter of 2009 compared to $800,000 in the same quarter last year. Metalink Ltd. has had a difficult time during the recession due to a drop in orders from its customers. The company received a warning from its auditors in March 2009, expressing doubts about its ability to continue as a going concern.…

ThursdayNov 12, 2009 3:21 pm

Anpath Group, Inc. (ANPG.OB) Retains Investment Bankers Laidlaw & Company to Provide Guidance on Strategic Transactions

Anpath Group, Inc., a manufacturer and producer of eco-friendly cleaning and disinfecting products that help prevent the spread of infectious microorganisms, recently announced that the company has retained the investment banking firm Laidlaw & Company to provide investment banking and financial advisory services, as well as advice on strategic transactions, including possible technology licensing arrangements. Anpath Group, Inc., through its wholly-owned subsidiary, EnviroSystems, Inc., specializes in safe infection prevention technologies designed to eradicate infectious microorganisms while offering a favorable safety and environmental profile. Laidlaw & Company personalized investment advice and skillful execution to private and public institutions, and has developed…

ThursdayNov 12, 2009 12:36 pm

Initial Jobless Claims Continue Decline, 502K Figure Beats Expectations

Labor Department statistics released today showed a marked decline in initial jobless claims, extending a run of such declines. Initial claims are an important barometer for layoffs and hiring. A 12K decline to 502,000 from the previous week, and a drop in the 4-week average to 519,750, is a strong indicator of improvement. The 4-week average is down 20% since the highpoint earlier this year, and initial claims look like those from the beginning of this year. Despite these facts, we are still well above the accepted 450,000 benchmark, which represents the point at which the labor market is theoretically…

ThursdayNov 12, 2009 12:33 pm

GeoGlobal Resources (GGR) Gets Approval for Offshore Oil

GeoGlobal Resources, Inc., an oil and natural gas exploration and development company focusing on India, has announced another step forward in its bid for oil off the coast of eastern India, as part of a consortium led by GSPC (Gujarat State Petroleum Corporation). The company has announced that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained. The Field Development Plan includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells, which include three slant wells…

ThursdayNov 12, 2009 12:32 pm

Kandi Technologies Corp. (KNDI) Completes Sale of 30 Electric Mini Cars to China Postal Service

China-based Kandi Technologies Corp. designs and manufactures all terrain recreational vehicles (ATVs), including its battery powered, two-seater low-speed vehicle, COCO. The company today announced the sale of 30 modified, electric COCO hardtops to the Postal Service in Jihua City. This is Kandi’s first sale of its COCO super mini car in China, and represents a strategic sale that will generate a visible on-road presence for the company’s clean vehicles. "This is a milestone event for Kandi," Xiaoming Hu, Kandi's chairman and CEO stated in the press release. "Representing the start of what we see could be a significant ramping up…

ThursdayNov 12, 2009 9:58 am

QualityStocks Features Royal Energy, Inc. (ROYL) in Exclusive Interview

QualityStocks today announces that its audio interview with Royal Energy, Inc. (NASDAQ: ROYL) CEO Don Hosmer is now available. The complete interview can be heard at http://www.qualitystocks.net/videocharts.php?chartvid_id=357. During the interview, Mr. Hosmer provides an overview of the company, its targeted industry and competitors, a view on future natural gas prices, milestones achieved this year as well as plans for the future. He also provided commentary on the recently discovered natural gas field and the development opportunities it holds. Mr. Hosmer stated, "During the down cycle we were able to cut costs quickly and survive during the lowest part of the…

ThursdayNov 12, 2009 9:45 am

Arrayit Corp. (ARYC.OB) Subsidiary Focused on Saving Lives

Arrayit Diagnostics, a majority owned subsidiary of Arrayit Corporation, announced that the company will launch an intensive marketing campaign which will be the most aggressive one of its kind in their thirteen-year history. Arrayit Diagnostics is developing several diagnostic tests that will provide early detection for cancer and other deadly diseases which will provide incentive to the marketplace and comfort to families across the world. The parent company, Arrayit Corporation, has rapidly become a leader in the genetic, pharmaceutical and diagnostic communities. While the company started in a small spectrum, Arrayit has blossomed into a major force which now offers…

ThursdayNov 12, 2009 9:29 am

China Housing & Land Development Inc. (CHLN) Posts Solid Q3 Results, Boosted by Better-than-Expected Sales Performance

China Housing & Land Development Inc. develops residential and commercial properties in northwest China. The company today announced its unaudited financial results for the third quarter ended September 30, 2009, posting a 215 percent increase in revenues. CHLN reported revenues at $23.8 million, an increase of 215.3% from $7.5 million as compared to the same period of 2008, up 5.3% from $22.6 million in the second quarter of 2009. The company attributes the increase mainly from its JunJing II phase one and two projects, which are under construction. "We are pleased with our results for the third quarter as we…

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