FridayFeb 17, 2012 5:04 pm

L & L Energy, Inc. (LLEN) Concludes Inspection Trip to Chinese Coal Mine

L & L Energy announced the conclusion of a management visit to a recently acquired coal mine located in Guizhou Province, China. The visit was led by top officials of the company and also included due diligence inspections on other prospective acquisition opportunities. In January 2012, L & L Energy announced the acquisition of a 51% interest in the Weishe coal mine for total consideration of $16.2 million. The company issued three million shares of common stock to Union Energy Co. in the deal. The Weishe coal mine has 19 million tons of coal reserves located in a 1.8 square…

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FridayFeb 17, 2012 5:01 pm

Wowjoint Holdings Ltd. (BWOW) Announces the Opening of New Manufacturing and R&D Facility

Wowjoint Holdings is a company on the rise. In a short period of time, the Chinese company has evolved into a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects. Today, the company took a major step towards prominence with the announcement they are opening a new manufacturing and R&D facility in Zhenjiang City New District. The company established a new subsidiary for the property called Zhenjiang Wowjoint Heavy-Duty Machinery Co. Ltd. The new manufacturing facility under Zhengjiang Wowjoint will cover 200,000 square meters of land and is located in Eastern China about…

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FridayFeb 17, 2012 2:56 pm

Nanosphere, Inc. (NSPH) Reports Q4 and FY2011 Results

Nanosphere, Inc. yesterday announced its financial results for the fourth quarter as well as the full year results of 2011. Revenue and sales were up over the previous year, while operating expenses went down, with an overall reduction in net loss. Nanosphere manufactures and markets the Verigene System, an advanced molecular diagnostics platform designed for direct genomic and ultra-sensitive protein detection. The company boasts that the system is a cost-effective and easy way to test highly sensitive genomes and proteins. Nanosphere's revenues were up by $.5 million for the year, from $2 million to $2.5, while product sales rose from…

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FridayFeb 17, 2012 12:22 pm

Single Touch Systems, Inc. (SITO) Posts Fiscal Q1 Results

Single Touch Systems, Inc., a technology-based mobile solutions provider serving businesses, advertisers, and brands, today reported financial results for its fiscal first quarter ended December 31, 2011. Fiscal first-quarter revenue increased 57.1 percent to $1.6 million, compared to revenue of $1.0 million for the same period in 2010. The company attributes the increase in revenue to the launch of new programs and an increase in message volume through retailers; quarterly message volume grew 83 percent compared to the first fiscal quarter of the year prior. James Orsini, CEO of Single Touch, said the positive trends through the company’s retail channels…

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FridayFeb 17, 2012 10:03 am

Unemployment Filings Fall to Nearly 4-Year Low

Unemployment filings unexpectedly fell to a four-year low last week, indicating that the labor market could be recovering. Other data from this month show solid expansion in factory activity in the Mid-Atlantic area. In January, builders broke more ground on new residential projects, offering more evidence of a sustained momentum in the economy. The reports are the latest in a series of fairly upbeat data. Some think that the positive numbers could prompt economists to further temper expectations of a sharp moderation in growth in the first quarter. Similarly, economists have dialed down their expectations for another round of bond-buying…

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FridayFeb 17, 2012 10:00 am

Marley Coffee (JAMN) Announces New Agreements to Expand Retail Distribution

Today, Marley Coffee announced new distribution agreements that will expand the artisan roasted gourmet coffee brand’s availability on the U.S. East Coast and in Hawaii. Marley Coffee is now available through NGB Distributing to retailers in Pennsylvania, New Jersey, Delaware, and Maryland. NGB Distributing, based in Allentown, Pa., services some of the foremost grocery retailers in that region, including Weis Markets, Giant Food Stores, Wegmans, Genuardi’s, Boyer’s Food Markets, Valley Farm, Ahart, Elias Market, and Bottom Dollar, as well as various convenience stores. Marley Coffee has also increased its presence in Hawaii through a new distribution agreement with Mulvadi Corp.,…

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ThursdayFeb 16, 2012 5:07 pm

NeoGenomics, Inc. (NGNM) Posts Financial Strength in Q4, FY 2011

NeoGenomics, a high-complexity CLIA–certified clinical laboratory specializing in cancer genetics diagnostic testing, today reported its results for the fourth quarter and full year 2011. “We are very pleased with our Quarter 4 results. For the third quarter in a row we posted the largest year-over-year and sequential quarterly increases in revenue in our corporate history, and our revenue growth rate continued to accelerate throughout the quarter,” Douglas M. VanOort, the company's chairman and CEO stated in the press release. “Our sales teams were also more productive, as we achieved excellent revenue growth while keeping sales and marketing costs essentially unchanged…

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ThursdayFeb 16, 2012 4:42 pm

China Health Resource, Inc. (CHRI) Posts Q4, FY Estimated Earnings

China Health Resource, a developer and provider of raw and pharmaceutical TCM products, today announced unaudited financial results for the fourth quarter and year ended December 31, 2011. The company expects 2011 fourth-quarter operating revenues of more than $12.5 million, a 218 percent increase compared to the fourth quarter of 2010. For full year 2011, the company expects operating revenues of $34.9 million, a 241 percent increase over 2010 revenues. China Health expects 2011 fourth-quarter net income to be $2.7 million, or $0.015 per fully diluted common share, compared with $1.6 million or $0.01 per share, reported for the fourth…

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ThursdayFeb 16, 2012 3:48 pm

Ambient Corp. (AMBT) Reports Record Revenues in 2011

Ambient Corp. is a leading provider of smart grid communications platforms and applications to utilities. The company designs, develops, and sells Ambient Smart Grid products and services which include communications nodes, a network management system, AmbientNMS integrated applications, and maintenance and consulting services. The company today reported financial results for the year ended December 31, 2011. Total revenue for 2011 was $62.3 million, a 206% increase from $20.4 million in 2010. Net income came in at $4.8 million, or 28 cents per diluted share, compared to a net loss of 21 cents a share last year. Ambient's gross margin increased…

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ThursdayFeb 16, 2012 12:42 pm

Bio-Path Holdings, Inc. (BPTH) Holds Key to Cancer Drug Delivery

Bio-Path is a biotechnology company that holds a technology with the potential to revolutionize the treatment of cancer and other diseases. That’s because its neutral lipid delivery capability enables the systemic delivery of nucleic acid drugs to diseased cells, and that’s something no other technology can do. The company was founded based upon technology licensed from The University of Texas M.D. Anderson Cancer Center, technology that Bio-Path intends to turn into real treatments for cancer patients through the application of the necessary capital and expertise. Bio-Path’s lead product candidate, Liposomal Grb-2, is in a Phase I study for blood cancers.…

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