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FridayMar 18, 2011 3:28 pm

Cortex Pharmaceuticals (CORX.OB) Shares Surge on Q4, FY2010 Results, Recent Business Highlights

Cortex Pharmaceuticals Inc., a neuroscience company focused on novel drug therapies for treating psychiatric disorders, neurological diseases and sleep apnea, surged more than 21% to close at $0.15 today after the company announced its fourth-quarter and year-end results for 2010. The company reported a net loss applicable to common stock of $(984,000), or $(0.01) per share for the quarter ended December 31, 2010, compared with a net loss of $(1.59 million), or $(0.02) per share for the corresponding prior year period. For the fiscal year ended December 31, 2010, Cortex reported net income applicable to common stock of $(1.62 million),…

FridayMar 18, 2011 2:27 pm

Senetek Plc (SNKTY) Closes Mining Acquisition

Senetek Plc reported that the company has closed on the acquisition of Iron Eagle Acquisitions, Inc., a mining company with assets in the western United States. The company intends to move forward with development of these properties as soon as practical. Senetek Plc issued 8.15 million shares of its common stock and acquired all the outstanding shares of Iron Eagle Acquisitions, Inc., which owns the Gray Eagle Mine in California, and the Iron Creek Property in Idaho. The Gray Eagle Mine is located in Siskiyou County, California, and consists of 344 acres of patented mining claims. The mine has historically…

FridayMar 18, 2011 2:25 pm

Quest Diagnostics (DGX) Acquisition of Celera (CRA) Expected to Grow Leadership Position in Molecular Diagnostics Discovery

Quest Diagnostics Inc., the world's leading provider of diagnostic testing, information and services, and Celera Corp., a pioneer in genetic diagnostics discovery and development, have entered into a definitive merger agreement in which Quest Diagnostics will acquire Celera for $8 per share, or approximately $344 million, net of $327 million in acquired cash and short-term investments. The companies noted that the transaction value may be reduced through the realization of a significant portion of Celera's available tax credit and net operating loss carryforwards and capitalized R&D, which totaled $117 million at the end of 2010. The deal was approved by…

FridayMar 18, 2011 11:46 am

Axion International (AXIH) Inks Deal to Provide Aluminum Giant Alcoa with Proprietary, 100% Recycled Railroad Ties

Axion International, a leading producer of industrial building products and railroad ties made from 100% recycled plastic, today announced it has signed its first order to provide its Recycled Structural Composite (RSC) railroad ties (called sleepers in Australia) to Alcoa Fastening Systems, a subsidiary of Alcoa Inc. (NYSE: AA). Alcoa is one of the largest producers of aluminum in the world and using Axion’s recycled technology will help the leading company implement an environmentally friendly standard to its operations. “We are pleased to announce this new contract-win and look forward to working with Alcoa’s team as we complete our first…

FridayMar 18, 2011 11:44 am

CDC Software Corp. (CDCS) Posts Q4 Results and High Expectations for Cloud Business

CDC Software Corp., a hybrid enterprise software provider of on-premise and cloud deployments, posted its financial results for the fourth quarter and year ended December 31, 2010, and noted the fourth-quarter introduction of several new products and version upgrades for its core on-premise ERP, supply chain management and complaint management applications. Fourth quarter 2010 Non-GAAP net income was $5.7 million, or $0.20 in Non-GAAP earnings per share, compared to Non-GAAP net income of $10.8 million, or $0.37 in Non-GAAP earnings per share, in the fourth quarter of 2009. The company reported fourth quarter 2010 Adjusted EBITDA at $9.0 million, compared…

FridayMar 18, 2011 11:42 am

China Agri-Business Inc. (CHBU) to Construct Manufacturing and Logistics Facility

China Agri-Business Inc., through its operating company in China, Shaanxi Xinsheng Centennial Agriculture and Technology Company Limited, manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in China. Crops grown with the company's products are eligible to qualify for the “AA Green Food” rating given by the Chinese Ministry of Agriculture. The company today announced its plan for construction of a manufacturing and logistics center which will be located in Xi'an, China. China Agri-Business entered into a land leasing contract with Xi'an Shishang Weiyang Investment & Management to lease approximately 3.9 acres of land. China Agri-Business plans…

FridayMar 18, 2011 11:22 am

Earth Dragon Resources (EARH) Finds Gold in Ghana

For decades, the word “gold” has pointed to one country, South Africa. It wasn’t only the biggest gold producer in Africa, it was the biggest gold producer in the world. There was a time not that long ago when as much as 2/3 of the world’s gold came from South Africa. No more. South African gold production has plummeted to less than a quarter of what it was in 1970, and world output is now spread among many countries. Even on its home continent, South Africa’s golden crown is being challenged. The main contender is now Ghana, where gold production…

FridayMar 18, 2011 11:19 am

Ecologic Transportation, Inc. (EGCT) Conference Call Transcript is Now Available

On Wednesday, March 16, 2011, Ecologic held a public conference call to present details of the Company's latest progress and share strategic initiatives to build revenue and shareholder value. During the question and answer session, William N. Plamondon, III, CEO of Ecologic Transportation, provided an in-depth overview of the company's current initiatives as well as future growth plans. To view an enhanced version of the transcript, visit: http://blog.qualitystocks.net/?page_id=51758 Let us hear your thoughts: Ecologic Transportation, Inc. Message Board

FridayMar 18, 2011 8:51 am

China-Biotics, Inc. (CHBT) Breaks New Ground by Winning First US Customer

Located in SHANGHAI, China, China-Biotics has quickly evolved into a leading manufacturer of biotechnology products and supplements that engages in the research, development, marketing and distribution of probiotics dietary supplements in China. Today, China-Biotics took a major step towards becoming a global power when the company entered into an agreement with a US based nutritional product company. The contract is a milestone for the young company because it is the first time China-Biotic has reached an agreement with a company outside of China. The company recently left an impression on American companies when an R&D representative from China-Biotic attended the…

FridayMar 18, 2011 8:48 am

Wireless Ronin Technologies, Inc. (RNIN) Teams Up with Sprint for Breakthrough 4G-Enabled Digital Signage Solution

Wireless Ronin Technologies has advanced digital signage to the next level with RoninCast®, a full-spectrum platform that allows a complex digital signage network to be easily managed from a central location, announcing a major teaming and co-marketing agreement with Sprint yesterday to provide a fully-hosted digital signage content management solution to customers. This is a huge move for the Minneapolis-based RNIN, which has gained significant ground on the strength of impressive support for the RoninCast software suite, ranging from consulting and creative development to project management, installation, support, training and hosting via the Company’s own network operations center (NOC). President…

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