Blog - Page 3485 of 5763

ThursdayJul 21, 2011 9:56 am

Starfield Resources, Inc. (SRU.TO) Announces Commencement of Drilling of West Zone Extension at Ferguson Lake

On Wednesday, Starfield Resources, Inc. announced that the Company started the previously announced drilling of the West Zone extension at Ferguson Lake, Nunavut. They expect to continue this work until early September 2011. In addition, they announced that, because of weather conditions, they have not been able to begin drilling at their Stillwater, Montana property. The Company's plan is to focus the initial drilling on the volatile enriched zone (VEZ) PGE target. Their second priority is the PGE target referred to as the Crescent Creek dunite pipe, located south of the Janet 50 area of the VEZ. The expectation is…

ThursdayJul 21, 2011 9:14 am

SilverSun Technologies, Inc. (SSNT) Eliminates Additional $1.3 Million of Debt

SilverSun Technologies announced today that it has eliminated an additional $1,338,960 of debt from its balance sheet. The debt, which has been forgiven, was due and owing the Company's Chief Executive Officer, Mark Meller. This debt reduction follows the redemption and elimination of the Company's convertible debentures and associated liabilities, which were retired this past April. The total amount of debt and liabilities removed from the Company's balance sheet since April 1, 2011 now exceeds $3,567,000. Mark Meller, CEO of SilverSun Technologies, stated, "As a significant shareholder in our Company, I agreed to forgive this debt because I believe that…

ThursdayJul 21, 2011 9:06 am

Simulated Environment Concepts, Inc. (SMEV) Announces Plan to Reduce Authorized Shares

Simulated Environment Concepts, the manufacturer and developer of medical, aesthetic, weight loss, wellness, and slimming equipment, this morning announced that it will be seeking to reduce its authorized shares by the end of this month. Dr. Ella Frenkel, President, CEO and Co-Founder of Simulated Environment Concepts (SE Concepts) commented, "I am a vested shareholder just as many of our investors. Where there is market dilution, I hear about it from our shareholders. When there is a decrease in share value, it affects me personally as well, and where necessary action must be taken to override current perception, I will take…

ThursdayJul 21, 2011 8:12 am

Scorpex, Inc. (SRPX) Praises US-Mexico Trucking Agreement

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today applauded the recent US-Mexican agreement allowing each country's trucks to traverse the other's highways. The agreement ends nearly two decades of quarreling between the two countries over a key provision of the 1994 NAFTA agreement. As a result of the agreement, the high tariffs imposed by Mexico on dozens of U.S. products will be suspended when full cross-border traffic begins. Allowing long-haul trucking between the U.S. and Mexico is anticipated to create additional jobs and greater opportunity for both nations. The…

ThursdayJul 21, 2011 8:06 am

Consorteum Holdings, Inc. (CSRH) Selects Lead Spokesman for the Launch of First Nations MasterCard Program

Consorteum Holdings, Inc., developer of digital media services and solutions, announced that Rudy Youngblood will be the lead spokesman for the company's innovative MasterCard® program which will be initially targeted at Canadian Aboriginal communities. A Native American, Rudy Youngblood is very proud of who he is and where he comes from. Prior to making his film debut as the lead role in Mel Gibson's Apocalypto (2006), Youngblood toured for three seasons with the Native American dance/theatrical production Peter Buffett's Spirit - The Seventh Fire as the Warrior Protector. In 2005, he moved to Los Angeles to create his own theatrical…

WednesdayJul 20, 2011 5:48 pm

Quepasa Corp. (QPSA) to Merge with myYearbook with Intention to become Public Market Leader

Social media technology company Quepasa Corp., owner of Quepasa Games and Latino social network Quepasa.com, today announced its merger with Insider Guides Inc., DBA myYearbook, for $100 million. myYearbook is an online venue accessible on the Web or mobile device. Quepasa CEO John Abbott detailed the contributions myYearbook brings to the table, and the company’s expectations for future advances. "With this merger, we intend to create nothing less than the public market leader in social discovery," Abbott stated in the press release. "Combination with myYearbook nearly doubles the size of Quepasa's existing user base while positioning the new company for…

WednesdayJul 20, 2011 3:10 pm

Synergy Resources (SYRG) Posts Record Revenues Boosted by Increased Oil & Gas Production

Synergy Resources Corp., a domestic oil and gas exploration and production company, today reported third-quarter results for the three months ended May 31, 2011, reflecting an increase in net oil and natural gas production for the quarter compared to the third quarter 2010. Revenues increased 412 percent to a record $3.1 million for the third quarter of 2011 compared to $607,253 in the comparable quarter of 2010. Operating income for the third quarter of 2011 was $547,272 compared to an operating loss of $51,094 in the third quarter of 2010. Synergy narrowed its net loss to $291,612, or $(0.01) per…

WednesdayJul 20, 2011 2:46 pm

AMAG Pharmaceuticals, Inc. (AMAG) to Merge with Allos Therapeutics, Resulting Combination Projects Some $60M in Annual Cost Savings

AMAG Pharmaceuticals, well known as the biopharmaceutical company behind the FERAHEME® injection for treating iron deficiency anemia in adult chronic kidney disease and Allos Therapeutics, developers of a revolutionary indication for relapsed or refractory peripheral T-cell lymphoma (PTCL), called FOLOTYN®, announced entry into a definitive merger agreement today. An all-stock merger with total equity value of roughly $686M will not only drive home a projected $55-60M in annual cost savings synergies (a majority of which should be realized within the first fiscal year after closing the deal), but result in a powerhouse company that will be able to punch significantly…

WednesdayJul 20, 2011 11:46 am

Synergy Resources Corp. (SYRG) Reports Earnings for Third Quarter of Fiscal 2011

Synergy Resources Corp. reported strong year over year increases in revenue and production for the third quarter of fiscal 2011, as the company’s oil and gas operations showed a strong improvement relative to last year. Synergy Resources said that net production of oil and gas was 467 barrels of oil equivalent (BOE) per day in the quarter ending 5/31/2011. The company reported net oil and gas production of 149 BOE per day in the comparable quarter of 2010. Synergy Resources reported revenues of $3.1 million in the most recent quarter compared to $607,000 in the third quarter of 2010. Synergy…

WednesdayJul 20, 2011 11:15 am

Bizzingo, Inc. (BIZZ) to Merge with IBG.com

Bizzingo, Inc. is a social media company that provides businesses a way to introduce their product or service globally by leveraging and expanding their brand and image. The company effectively communicates businesses' marketing message to target audiences, facilitating sales, while connecting all existing social media relationships together in a single online hub. The company announced today that it has signed a letter of intent with IBG.com to confirm discussions concerning a merger or some other form of business arrangement between the two companies. IBG.com is a company engaged in reputation management and online marketing. The letter of intent provides for…

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