TuesdayOct 20, 2009 9:14 am

MagneGas Corp. (MNGA.OB) Teams with Eprida to Produce Environmentally-Friendly Fuel

MagneGas Corporation is the producer of MagneGas – a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented 'Plasma Arc Flow' process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower greenhouse emissions. MagneGas can be used for metal cutting, cooking, heating, or powering autos. The company announced today that it has entered into a strategic alliance agreement with Eprida Power and Life Sciences Company. The companies have agreed to collaborate for the…

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TuesdayOct 20, 2009 7:22 am

Information Systems Associates, Inc. (ISOA.OB) Appoints Michael Hull as Chief Financial Officer and Vince Minerva as Vice President of Data Center Services

Information Systems Associates, Inc., a leading provider of data center optimization software, services and solutions, recently announced the appointments of Michael Hull as chief financial officer and Vincent Minerva as vice president of data center services. The expansion of the Information Systems’ senior management team will help position the company for significant growth in early 2010. Vincent Minerva is a seasoned IT professional with over 27 years of experience in financial and manufacturing environments. Michael Hull’s career includes more than 11 years auditing both public and private companies for Price Waterhouse, where he advanced from audit staff to audit senior…

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TuesdayOct 20, 2009 7:20 am

Black Hawk Exploration (BHWX.OB) Receives $1 Million Funding Commitment

Black Hawk Exploration, a diversified exploration company focused on finding Lithium, reported that it has obtained an equity financing agreement of up to $1,000,000. Black Hawk’s new financing agreement gives the company the right to call funds on an as needed basis. Black Hawk has already received its first tranche from the agreement. The funds will be used to obtain new claim evaluations and pay for additional operating expenses. Black Hawk’s draw of up to $1,000,000 can be made by the company’s issuance of units which consist of one share of its common stock at $0.85 US and one warrant…

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TuesdayOct 20, 2009 7:17 am

Ampal-American Israel Corp. (AMPL) Secures Supply Agreement for Three Israel-based Cogeneration Plants

Ampal-American Israel Corp. is a holding company focused on acquired interests in energy and related businesses in the State of Israel or those businesses deemed Israel-related. The company has a 12.5 percent interest in East Mediterranean Gas Co. (EMC), which yesterday informed Ampal that it has secured three 18-year Gas Sale Agreements valued at $1.3 billion. These announced agreements are in addition to three previous gas sale agreements between EMG and the Israeli Electric Company, Dorad Energy Ltd., and Nesher. "The signing of the three agreements by EMG, as well as EMG’s active and ongoing negotiations with other potential customers,…

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MondayOct 19, 2009 1:26 pm

Rexahn Pharmaceuticals, Inc. (RNN) Reports Solid Phase IIa Results for Anti-Depressant Drug

Risk is just that, risk. Investing in opportunity is never easy but can return financial rewards. Understanding the risk is the key. Pick an investment that fits your needs. Finding that investment, and waiting to see if you are correct, is the key. Rexahn Pharmaceuticals Inc., a clinical biopharmaceutical drug development company, works to develop drug products oriented toward a variety of conditions. The company is currently progressing through Phase IIa for an anti-depressant product. Although the company has a variety of pharmaceutical products in development, its relationships around the world may be its largest asset. Universities to corporations have…

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MondayOct 19, 2009 1:23 pm

Oil Sets 2009 Record High of $79

Oil broke out of the $65-75 holding pattern of the last five months on strength of a declining dollar, speculation about rising consumer confidence, and potential growth next year in the global economy. Above $79 a barrel this morning before declining slightly, oil set a record high for this year of $79.05 and has been hovering just under that mark since. As the market looks to 3Q profitability data from major retailers this week, including McDonald’s, Apple, Hasbro and Whirlpool, there is a strong desire to see overall consumption start to increase, which would further justify rising energy and commodity…

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MondayOct 19, 2009 1:20 pm

Beacon Enterprise Solutions Group, Inc. (BEAC.OB) Continues Engagement with Fortune 100 Pharmaceutical Company

Today, Beacon Enterprise Solutions Group, Inc., an emerging global leader of high performance Information Transport Systems (“ITS”) infrastructure solutions, announced that it has expanded its relationship with an existing Fortune 100 pharmaceutical client to provide ITS infrastructure documentation, design, installation and ongoing management services. Valued at approximately $27 million, the engagement will initially focus on Switzerland, France, Germany, Italy, Netherlands, Belgium and the United Kingdom. Later it will expand to include 31 additional European, Middle Eastern, and African nations. The engagement follows other pre-existing projects that Beacon currently manages for this client. Beacon will conduct ITS infrastructure assessments and prepare…

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MondayOct 19, 2009 11:28 am

Shiner International, Inc. (BEST) Signs Contract to Supply Coated Food Safe Packaging to China’s Largest Meat Product Manufacturer

Shiner International, Inc. excitedly announced today that it has entered into a new contract with Shineway Group, the largest meat product manufacturer in China. The company believes that this contact has the potential to contribute up to RMB4,000,000, (approximately $586,000) in monthly revenues to its coated food safe packaging sales. "We are excited and invigorated by this new engagement with Shineway, the leading manufacturer of meat products in China. This is a strong ray of light in what has been a difficult past for Shiner, due in large part to the global economic recession. The passage of the new Food…

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MondayOct 19, 2009 10:04 am

Ormat Technologies (ORA) Announces Joint Venture Agreement for Solar Power Systems

The Nevada Company Ormat Technologies announced that Ormat Subsidiaries Ltd., its Israeli subsidiary, entered into a Joint Venture Agreement (JVA) with Sunday Energy Ltd. Sunday is a private Israeli energy company and the agreement will be to construct and operate solar-photovoltaic energy systems with a total capacity of 36 MW throughout Israel. According to the JVA, Ormat will now own 70% of each special purpose entity (SPE) with Sunday contributing the rights to all of its property and roofs required to develop solar energy systems above 1 MW to SPE’s. The agreement between Ormat and Sunday will have major effects…

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MondayOct 19, 2009 10:00 am

DSA Financial Corp. (DSFN.OB) Reports First Fiscal Quarter Earnings

DSA Financial Corporation reported earnings of $145,000 or $0.09 per share for its first fiscal quarter of 2010 ending 9/30/2009. The company reported earnings of $184,000 or $0.12 per share in the same quarter last year. The decline in earnings was attributed to a large increase in the provision for loan losses due to the recession and financial crisis. DSA Financial Corporation increased its provision for loan losses by 1000%, from $26,000 in last year’s first fiscal quarter to $225,000 in the quarter just ended. DSA Financial Corporation also declared its regular dividend of $0.105 per share of common stock.…

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