Blog - Page 3575 of 5766

TuesdayApr 26, 2011 10:09 am

XenoPort Inc. (XNPT) Reaches Agreement with FDA to Advance Trials of Multiple Sclerosis Treatment

XenoPort Inc. has reached an agreement with the U.S. Food and Drug Administration (FDA) on a Special Protocol Assessment (SPA) for a pivotal phase III clinical trial of arbaclofen placarbil (AP) as potential treatment of spasticity in multiple sclerosis (MS) patients. The company has also completed an end of phase II meeting with the FDA regarding the additional studies needed to position the company to submit a New Drug Application (NDA) for AP as a treatment for spasticity, a debilitating condition associated with some common neurological disorders, such as MS, spinal cord injury, stroke and cerebral palsy. “We are pleased…

TuesdayApr 26, 2011 10:08 am

Q4 Earnings Review; China Forestry Industry Group (CNFI) Expects to Continue Strong Performance

China Forestry Industry Group Inc., a company involved in the production and sale of floor materials and related products to residential and commercial customers in China, recently announced its financial results for the fourth quarter and fiscal year 2010 ended December 31, 2010. “We are pleased to report strong growth in revenues, operating margins, and earnings in 2010,” Yulu Bai, chairman and CEO of CNFI stated in the press release. “This performance was mainly driven by our strategy to expand into flooring products, develop forestry resources and build a large distribution network for floor products in southwestern China.” For the…

TuesdayApr 26, 2011 9:58 am

Seacost Banking Corp. (SBCF) Posts Financial Results for First Quarter 2011

Seacost Banking Corp. of Florida yesterday posted its first quarter 2011 financials, reporting its first operating profit since the first quarter of 2009 and its sixth consecutive quarter of improved credit. Net income was $358,000 compared to a net loss of $1.6 million for the first quarter of 2009. Including preferred stock dividends and accretion of preferred stock discount of $937,000, the net loss applicable to common shareholders was $579,000, or $0.01 per average common diluted share for the first quarter, compared to a net loss of $2.5 million, or $0.04 per average common diluted share, for the first quarter…

TuesdayApr 26, 2011 8:28 am

Fresh Start Private (CEYY) Naltrexone Implant Receives Approval from BlueCross BlueShield

Yesterday, Fresh Start Private announced that their alcohol treatment procedure has received approval from BlueCross BlueShield for their alcohol treatment program. Fresh Start Private is a leader in the alcohol treatment and rehabilitation industry. The terms include a commitment for prompt payment from BlueCross BlueShield. Twenty-five percent of All Fresh Start Private claims are undergoing processing through BlueCross BlueShield. A Fresh Start Private spokesperson commented, "The wonderful thing about our procedure is it is done in about 20 minutes and patients can go back to work the following day. With any minor surgery there is some swelling, and we monitor…

TuesdayApr 26, 2011 8:16 am

Simulated Environment Concepts, Inc. (SMEV) Contracts CFO Services to Further Audit and Financial Compliance Efforts

Today before the opening bell, Simulated Environment Concepts announced that it has engaged Eventus Advisory Group, LLC to help prepare its financial statement audit and manage its long-term financial and reporting-company compliance requirements with the Securities & Exchange Commission (SEC). Dr. Ella Frenkel, President & CEO of Simulated Environment Concepts (SE Concepts) commented, "Completing an audit is just a piece of being transparent and growing our Company. It’s the ongoing responsibility needed to maintain transparency and build the fiscal strength of the Company that is key. This is especially important for us right now as we look to become a…

MondayApr 25, 2011 3:20 pm

Tivus, Inc. (TIVU) Brings Hospitality Into The 21st Century

With the growing number of information and communication options, individual users are both technologically sophisticated and more demanding. Add to this increasing user mobility, and the pressure on hotels and hospitality providers to keep up becomes clear. Today’s traveler expects more than traditional television, and increasingly looks for the same level of services they get at home, or more. Unfortunately, many hotels are finding it difficult to provide high-speed Internet access together with the robust security necessary to protect both their guests and the hotel. In addition, hotels are struggling to meet growing video-on-demand services with outdated legacy systems, the…

MondayApr 25, 2011 3:17 pm

XZERES Wind Corp. (XWND) Adds Substantial Power Efficiency/Management Technology with the Acquisition of Rochester Power Saver, Inc.

XZERES Wind, www.xzeres.com – the developers of on- and off-grid ready (engineering emphasis on distributed or standalone functionality, where the energy is intended for localized use) wind power systems in the 2.5-10kW range, reported today acquisition of substantially all assets of power management/efficiency solutions developer Rochester Power Saver Inc. President of Rochester, Mike Dana, explained that the terms of the deal include his own retention for a period of up to three years in a sales and product development consultancy role and a 24-month obligation for XWND to pay a 5% royalty on gross profits to the founders (to a…

MondayApr 25, 2011 3:14 pm

GraphOn Corp. (GOJO) Chosen to Showcase GO-Global Private Cloud Application Virtualization Technology at NYC Bright Lights Conference

GraphOn Corp., a company that focuses on the development, marketing, sale, and support of business connectivity software, announced that it has been chosen to take part in NYC Bright Lights Conference, which is to take place on May 11, 2011 at 2:30 PM at the Le Parker Meridien Hotel in New York City. The Bright Lights Conference is the only conference with an exclusive focus on companies that are traded publicly with disruptive and market changing intellectual property (IP). GraphOn was chosen from MDB’s group of the “Best and Brightest” small cap companies, a group that has exhibited advances for…

MondayApr 25, 2011 1:12 pm

Cleantech Transit, Inc. (CLNO) is “One to Watch”

Cleantech Transit Inc., founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector, has expanded their focus to invest directly in specific green projects. Recent advances in the technology of converting wood waste into power have significantly enhanced the economic value of their systems. Cleantech has selected to invest in Phoenix Energ, to focus exclusively on generating greater returns for manufacturing clients globally. Cleantech Transit, Inc. has their headquarters in Scottsdale, Arizona. Cleantech produces and sells clean electricity worldwide, focusing on sustainable energies using renewable resources such as geothermal, solar, and wind. The…

MondayApr 25, 2011 1:08 pm

Force Energy Corp. (FORC) Tells a Tale of Two Resources

Force Energy Corp. is in the middle of what is shaping up to be a major battle between two previously unrelated resources, a contest that represents a sea-shift in world energy use. The two resources, oil and lithium, have little in common, but are both pivotal in America’s, and the world’s, energy future. On the one hand you have oil, or, more accurately, all fossil fuels. They represent a direct energy source, providing approximately 86% of all the energy consumed globally, an amount divided between oil, coal, and natural gas, with half of all oil consumption driven by the transportation…

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