Blog - Page 3596 of 5766

ThursdayMar 31, 2011 2:31 pm

RXi Pharmaceuticals Corp. (RXII) Signs Definitive Merger to Acquire Apthera Inc. for Late Stage-Clinical Development

RXi Pharmaceuticals Corp., a discovery-stage biopharmaceutical company that focuses on the development and commercialization of proprietary therapeutics on RNA interference, has announced the signing of a definitive merger agreement to acquire Apthera, Inc., a private biotechnology company that develops a pipeline of peptide-based immunotherapies for the adjuvant treatment of HER2-positive breast and other cancers. The acquisition will provide RXi with a late stage product candidate, NeuVax™, which is a peptide-based immunotherapy for low-to-intermediate HER2+ breast cancer, not eligible for Herceptin®, which has been expected to enter Phase III clinical trials by the first half of 2012. The company’s very first…

ThursdayMar 31, 2011 1:25 pm

UniTek Global Services Inc. (UNTK) Posts 49% Increase in Q4 Earnings, Offers 2011 Guidance

UniTek Global Services Inc., a leading provider of various infrastructure services to the wireless and wireline telecommunications, broadband cable and satellite television industries, today announced financial results for the fourth quarter and year ended December 31, 2010, and provided financial guidance for the first quarter and full year 2011. Fourth-quarter revenue increased 49 percent to $100.6 million for the quarter ended December 31, 2010, from $67.6 million in the quarter ended December 31, 2009. Net loss for the quarter was $(12.1 million) compared to a net loss of $(41.9 million) reported in the fourth quarter of 2009. For the full…

ThursdayMar 31, 2011 11:04 am

ViewCast Corp. (VCST) Posts 3rd Straight Quarter of Revenue Growth

ViewCast Corp., a developer of industry-leading solutions for the transformation, management and delivery of digital media over enterprise, broadband and mobile networks, posted its fourth-quarter results for the three months ended December 31, 2010, reporting its third consecutive quarter of solid year-over-year revenue growth. Fourth quarter 2010 revenues increased 44 percent to $5.0 million from $3.4 million in the prior year period. Operating expenses for the quarter were $2.7 million as compared to $2.4 million reported for the fourth quarter of 2009. Operating income increased $196,000 for the fourth quarter 2010 compared to a loss of $(275,000) for the year-earlier…

ThursdayMar 31, 2011 11:01 am

Lfye Communications, Inc. (LYFE) Appoints New CEO

Utah-based Lyfe Communications, Inc. is a technology leader in the development of next generation media services integrating television, high-speed internet and enhanced voice services for delivery over IP. The company announced today that Lyfe co-founder Greg Smith has been appointed chief executive officer. He has over 17 years of technology and product development experience in digital media technology businesses. Before joining Lyfe Communications, Mr. Smith served as chief technology officer at DG FastChannel. Prior to that, he was chief technology officer at Move Networks, the world leader in adaptive streaming video technologies. In addition, Mr. Smith also served as senior…

ThursdayMar 31, 2011 10:59 am

China Clean Energy Inc. (CCGY) Reports Financial Results and Updates Guidance

China Clean Energy Inc. reported strong year over year increases in sales and net income for the fourth quarter of 2010 and full year. The company also released guidance for 2011 on sales and operating income. China Clean Energy Inc. attributed the strong results to an increase in sales volume and average selling prices enabled by an increase in capacity and strong demand for its products. China Clean Energy Inc. reported sales of $18.1 million in the fourth quarter of 2010, compared to $4.9 million in the fourth quarter in 2009. Sales for all of 2010 totaled $59.0 million, compared…

ThursdayMar 31, 2011 10:57 am

CUI Global, Inc. (CUGI) Posts FY2010 Results, Record Revenues of $40M

CUI Global Inc., a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, along with its wholly owned subsidiaries, today announced year-end financial results for the year ended December 31, 2010. Net revenues increased 41 percent in 2010 to a record $40.9 million as compared to $28.8 million reported for 2009. The company reported a net loss of $7.0 million, a substantial reduction from $16.0 million in 2009 (as restated). The company attributes the net loss in 2010 primarily to interest expenses totaling $5.1 million and non-cash impairment expense of $3.5 million, as compared to $4.6…

ThursdayMar 31, 2011 10:55 am

Simulated Environment Concepts, Inc.’s (SMEV) SpaCapsule Hits the Gym

SpaCapsule, the flagship product of Simulated Environment Concepts, has long been known as the premier integrated massage and sensory stimulation system for addressing stress and body aches. It’s been distributed in so many countries around the world that the company now guarantees to provide the touch screen interface in virtually any language. But all of that is being eclipsed by the growing response generated from research conducted by Dermscan, the well-known French testing and efficacy verification laboratory. In an eye-opening study, the independent laboratory found that SpaCapsule is in fact a powerful tool in promoting weight loss, cellulite reduction, and…

ThursdayMar 31, 2011 9:02 am

UnionTown Energy Inc. (UTOG) Solidifies Terms of Definitive Agreement for the New Miami Property Acquisition, Plans Aggressive Drilling Campaign

UnionTown Energy, the North America-focused oil and gas developer reported consolidation of the material terms for a definitive agreement today whereby the Company will acquire the promising “New Miami” resource property. UnionTown has also issued a non-refundable $300k advance in conjunction with the move towards acquisition that will contribute to the eventual purchase price. The New Miami property in northern Montana rests within a tantalizingly prolific oil and gas district that has seen in excess of 300M barrels of oil and 500B cubic feet of natural gas to date, all produced within a 50 mile radius. This acquisition bears all…

ThursdayMar 31, 2011 9:00 am

Strong Sales Drive CHDT Corp. (CHDO) to Record Revenue

Deerfield Beach, Florida-based CHDT Corporation, a holding company generating revenue through its wholly-owned subsidiaries, recently announced that its subsidiary Capstone Industries, Inc. is kicking off 2011 with a massive surge in sales. Capstone has been serving the industry for more than ten years and specializes in the design, production, and distribution of consumer products as a supplier to major retail operations throughout North America and Latin America. Capstone develops and distributes unique and inventive products to a variety of channels including bookstore chains, convenience stores, drug & grocery, electronics, hardware, home improvement, internet, mail order, mass market, office supply, specialty,…

ThursdayMar 31, 2011 8:56 am

UnionTown Energy, Inc. (UTOG) Appoints Oil Veteran to Board of Directors

UnionTown Energy, Inc. announced the appointment of Al Radford to their Board of Directors. Radfor, a senior business executive, has a forty year career, a decade of which has been spent in the oil field service industry. UnionTown acquires and develops properties for oil and natural gas production, and is constructing a portfolio of assets in energy-production assets in oil fields through North America. This includes both known and producing oil fields. Currently Radford is the President of Formation Fluid Management Inc., which is publicly traded on the TSX Venture Stock Exchange. Before this, he was the General Sales Manager…

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