TuesdayAug 04, 2009 9:44 am

Consumer Spending Rises for Second Straight Month

Consumer spending rose again in June, marking the second straight month the economy has seen a rise. This surprised many on Wall Street because despite the increase in spending, personal incomes dropped more than expected. Consumer spending is an aspect of the financial picture that is watched very closely because it accounts for around 70 percent of total economic activity. An increase in consumer spending for the second straight month could potentially provide a lift to the economy but this may be hard to sustain if incomes continue to fall. The Commerce Department recently said that consumers boosted their spending…

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TuesdayAug 04, 2009 9:35 am

Save the World Air, Inc.’s (ZERO.OB) MagChargRTM Receives Tremendous Positive Response

Save the World Air, Inc. announced this morning that it has received positive feedback from several private parties who, in cooperation with the company, have installed the MagChargR™ on their vehicles, including boats, automobiles and RVs. MagChargR™ is a breakthrough product which enables the conventional engine to burn fuel more completely, unlocking an increase in horsepower and torque while saving in fuel costs. "I was very excited to get a MagChargR from STWA for my 25' Advantage performance boat. Anything that can boost gas mileage and HP while reducing emissions is a very good thing," commented Mr. Robert Torbett, a…

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TuesdayAug 04, 2009 9:21 am

BioLargo, Inc. (BLGO.OB) Announces Distribution through Leading World-Wide Retail Outlet

BioLargo, Inc. announced today that Jeffers Equine is now selling its Odor-No-More™ products, including its popular Animal Bedding Additive. Jeffers Equine is recognized as one of the largest and most well known privately owned catalog and eCommerce animal health supply retailers in the industry. "We are pleased that our products were evaluated, approved and selected by an industry leader like Jeffers. This outlet provides world-wide consumer access to our products," commented Joe Provenzano, VP & Product Manager for BioLargo. Let us hear your thoughts below:

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TuesdayAug 04, 2009 7:48 am

Applied DNA Sciences, Inc. (APDN.OB) Ensures DNA Security Solutions into the Future

Security solutions for protecting products, brands and intellectual property from counterfeiting and diversion are on the rise now more than ever. As technology advances to secure verification by the owner and to validate their claims, so does the technology used by crooks to get around it. Counterfeiting is a big business for modern crooks. Anti-Counterfeit technology is just as big, if not bigger. Companies that specialize in creating this technology are becoming not only more adaptable but, savvy as well. Uniqueness and forward thinking seem to be the primary weapon in this ever changing industry. Anti-Counterfeit technology has been around…

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TuesdayAug 04, 2009 6:28 am

Parkway Properties, Inc. (PKY) Reports Strong Quarter

Parkway Properties, Inc. (PKY) reported funds from operations (FFO) of $0.86 per share, or $16.8 million, for the second quarter of 2009. This was down from $1.03 per share reported in the same quarter last year. During the quarter, Parkway Properties, Inc. raised capital through the equity markets. The company sold 6.25 million shares of common stock to the public, raising $84.5 million. The funds were used to pay down some borrowings on its credit line. The company significantly reduced its outstanding debt on its credit line as a result of the new capital, and now owes $100 million, down…

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TuesdayAug 04, 2009 6:26 am

Ethos Environmental, Inc. (ETEV.OB) Launches Key Marketing Incentive Program

Ethos Environmental, Inc., a San Diego-based manufacturer of award-winning fuel based eco-friendly solutions, recently announced the launch of the company’s Clean Air Initiative through its wholly owned distribution arm, Ecomates (www.ecomates.com). This initiative is designed to incentivize new users to begin using EthosFR+ Fuel Treatment and EthosFR Oil Treatment by subsidizing their monthly gas purchases. Users will receive a $25 monthly rebate each time they present $100 in fuel receipts from participating gas stations. For complete program terms and conditions, please visit www.ecomates.com. Ethos Environmental’s CEO, Corey P. Schlossmann, stated, “We believe this project will be the first of many…

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MondayAug 03, 2009 3:26 pm

XO Holdings Inc. (XOHO.OB) Subsidiary Provides Secure Communications Capabilities through Domestic and International Partnerships

XO Communications, a subsidiary of XO Holdings Inc., provides advanced communications services through its nationwide and metro networks and broadband wireless capabilities. The company today announced the expansion of its domestic and international MPLS network capabilities by securing domestic and international partner agreements. The communications company now provides coverage in all 50 states and 22 countries spread across five continents. XO’s MPLS IP-VPN is a network offered to businesses and large enterprises, including voice, video and data applications passed over a single IP network infrastructure. Vince Margiotta, vice president of product marketing at XO Communications noted the importance of quality…

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MondayAug 03, 2009 2:06 pm

GigOptix, Inc. (GGOX.OB) and Pangaea HK Ltd. Ink MOU to Form Joint Venture Targeting China Consumer Electronics Market

GigOptix, Inc. and Pangaea (HK) Ltd. of Hong Kong today announced that they have signed a memorandum of understanding (MOU) to form a joint venture company in China. The proposed organization would be headquartered in Hong Kong and focused on supporting customers in the region with the development of low cost and customized reference designs for GigOptix, Inc. products. “We have a vision that optical interconnects will become essential to the next generation of consumer electronics products,” stated Richard Fung, CEO and President of Pangaea. “With this joint venture we plan to accelerate the creation of cost effective optical interconnect…

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MondayAug 03, 2009 1:57 pm

GreenMan Technologies, Inc. (GMTI.OB) Engages Leading Government Affairs and Public Relations Consulting Firm

GreenMan Technologies, Inc. announced that it has retained the services of O'Neill and Associates, a leading full-service government affairs and public relations consulting firm. The firm has been engaged to assist GreenMan's management team in working with government entities including the Environmental Protection Agency (EPA), the Department of Transportation, and the Department of Energy. O'Neill and Associates will primarily focus on programs and federal funding associated with the Recovery and Reinvestment Act. Lyle Jensen, GreenMan's Chief Executive Officer stated, "Through our recently announced acquisition of American Power Group, GreenMan has realigned its business focus to encompass a patented dual fuel…

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MondayAug 03, 2009 1:53 pm

The Mint Leasing, Inc. (MLES.OB) Secures $10 Million Bank Credit Facility

The Mint Leasing, Inc., a provider of innovative leasing services to customers of franchised automobile dealers throughout the United States, announced earlier today that it has entered into an agreement with Moody National Bank for a $10 million credit facility to be used for the expansion of its vehicle leasing business. "We are very pleased to announce this banking relationship with Moody National Bank, which illustrates the bank's confidence in our unique vehicle leasing business model," stated Jerry Parish, Chief Executive Officer of The Mint Leasing, Inc. "We have enjoyed an excellent relationship with Moody Bank for several years and…

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