Blog - Page 3472 of 5762

WednesdayAug 03, 2011 9:21 am

Axion International Holdings, Inc. (AXIH) Announces Purchase Order for Construction of Boardwalk in Trinidad

Located in New Providence, New Jersey, Axion International Holdings has become a leading structural solution provider of cost-effective alternative infrastructure and building products. Yesterday, Axion announced they have received their first purchase order in the Caribbean for material used in the construction of a two-mile long beachfront boardwalk in Trinidad. The order was received from Reddi Solutions Company, Ltd. for Axion’s innovative Recycled Structural Composite (RSC) material. The first phase of the project will be 1,200 linear feet of 12’ wide, low profile boardwalk which will replace a concrete path. Due to harsh weather conditions, the client faced several challenges…

WednesdayAug 03, 2011 9:13 am

Akorn Inc. (AKRX) Posts Q1 Figures, Updates Outlook to Reflect Pending Acquisition

Akorn Inc., a niche generic pharmaceutical company, reported financial results for the first quarter of 2011, reflecting inclusion of revenues from the company’s Akorn-Strides LLC joint venture. Consolidated revenue for the first quarter of 2011 increased 24 percent to $25.4 million compared to consolidated revenue of $20.5 million for the first quarter of the year prior. First quarter 2011 core business revenue was $25.4 million, up 66 percent over the 2010 first quarter core revenue of $15.3 million. First quarter 2011 included $1.0 million in revenue and $1.1 million in net income from Akorn’s participation in the Akorn-Strides joint venture.…

WednesdayAug 03, 2011 8:35 am

HASCO Medical, Inc. (HASC) Reports Pro Forma Financial Results for Year-End 2010 and First Quarter 2011

Today before the opening bell, HASCO Medical, Inc. announced the combined audited 2010 year-end financial results and the unaudited combined 2011 first quarter financial results for itself and subsidiaries Mobility Freedom and Wheelchair Vans of America. Total combined revenue for the year ended December 31, 2010 was $12,429,531. Mobility Freedom van sales for 2010 increased approximately 55% year-over-year, Mobility Freedom van rentals increased approximately 45% year-over-year, and Mobility Freedom net income more than doubled year-over-year. For the three months ended March 31, 2010, Mobility Freedom van sales increased $33,518 to $2,133,736 compared to the same period a year earlier. Net income…

TuesdayAug 02, 2011 5:15 pm

Patient Access Solutions, Inc. (PASO) Secures $5 Million in Growth Capital

Patient Access Solutions, Inc. today announced that the company has secured $5,000,000 in financing for increasing the sales force, systems improvements, software development, expansion of trade show participation and other advertising, increasing working capital and general corporate purposes. Bruce Weitzberg, CEO and President of Patient Access Solutions, stated, “We believe that this financing gives us the financial resources necessary to meet our ambitious goals of rapidly accelerating sales and earnings growth.” A healthcare solutions company focused on advancing the healthcare information technology industry, Patient Access Solutions, Inc. has created an array of technology, resources and allies to become an agent…

TuesdayAug 02, 2011 4:30 pm

US Natural Gas Corp. (UNGS) Reports Purchase of West Virginia Oil and Gas Leasehold

US Natural Gas Corp. reported the purchase of leasehold in the United States that contains three producing natural gas wells. The company believes that the properties are also prospective for various hydrocarbon bearing formations. US Natural Gas said that the purchased leasehold is 250 acres in size and is located in Wayne County, West Virginia. The company estimates that the combined production from the three wells will average 60,000 cubic feet per day of natural gas. This production would yield revenue of approximately $200,000 per year, assuming natural gas pricing of $4.50 per thousand cubic feet. US Natural Gas said…

TuesdayAug 02, 2011 3:49 pm

D. Medical Industries Ltd. (DMED) Signs Deal with Edgepark Medical Supplies and Independence Medical to Distribute Infusion Sets

D. Medical Industries Ltd., an Israeli medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery, announced today that it has worked out a deal to distribute its Spring(TM) Universal Infusion Sets in the United States. D. Medical's subsidiary, Spring Health Solutions Inc., has agreed to give RGH Enterprises, Inc., the parent company of Edgepark Medical Supplies and Independence Medical, a non-exclusive distribution deal for the Infusion Sets to facilitate the product's immediate commercial rollout in the world's single largest insulin pump and disposables market. The Spring…

TuesdayAug 02, 2011 3:41 pm

Verecloud, Inc. (VCLD) Announces Launch of Cloudwrangler™ for SMBs

Verecloud, Inc., an innovative technology company that developed and operates a cloud service brokerage platform, announced that it has launched an online marketplace, Cloudwrangler™, specifically designed for SMBs. Verecloud’s Cloudwrangler™ makes it much easier for SMBs to shop for, purchase, manage, and monitor the performance for their hosted/cloud services at no additional cost. Verecloud currently provides cloud servers through Microsoft® Exchange, SoftLayer®, Microsoft® SharePoint and desktop backup services from Mozy® on the Marketplace for Cloudwrangler. The worldwide market for cloud spending is expected to exceed $150 billion, a substantial increase from the $59 billion seen in 2009. SMBs with less…

TuesdayAug 02, 2011 2:28 pm

Scorpex, Inc. (SPRX) Gets Green Light from Mexican Environmental Authority, Clearing Regulatory Hurdles

Scorpex wants one thing. And getting that “thing” takes some dirty work, so to speak. Scorpex’s goal is to own and operate a full-service waste disposal and recycling company in Mexico, and it intends to do so with adequate facilities and resources to dispose of all waste, including that of industrial, toxic and hazardous matter. Establishing this operation takes more than sending a loaded dump truck into the Mexican desert. Mexico has stringent requirements on waste disposal, enforced by a division of the Ministry of Environment and Natural Resources, the Federal Attorney for Environmental Protection (PROFEPA). PROFEPA recently inspected Scorpex’s…

TuesdayAug 02, 2011 2:05 pm

Simulated Environment Concepts, Inc. (SMEV) Recent Interview Discusses Acquisition/Merger Possibilities and Share Reduction

When SE Concepts, makers of the SpaCapsule self-contained water massage and sensory stimulation system, recently issued a press release indicating that they were going to reduce the number of authorized shares, also suggesting that there may be a merger/acquisition in the works at some point, it generated a lot of questions and interest on the part of investors. As a result, Allen Licht, the company’s COO, sat down with OTCVoice.com to clarify and discuss the news. The first thing addressed was the share reduction, which some people had mistaken for a reverse stock split, which it is not. Authorized shares…

TuesdayAug 02, 2011 12:58 pm

U.S. Rare Earths, Inc. (USRE) Awards Contract to the Boeing Company for Use of Services

Today, U.S. Rare Earths, Inc. announced that they have awarded a contract to The Boeing Company (NYSE: BA) for the utilization of their leading-edge technology designed to identify and confirm rare earth deposits. Privately-held USRE is an exploration-stage company with U.S. Geological Survey (USGS) documented rare earth claims in Idaho, Montana and Colorado. According to the U.S. Geological Survey, USRE owns the mineral rights to one of the most significant deposits of rare earth elements in the United States. Boeing will utilize a version of their remote sensing research technology on USRE documented mining claims in the Lemhi Pass, Diamond…

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