Blog - Page 4077 of 5772

MondayDec 14, 2009 9:33 am

Oncolytics Biotech, Inc. (ONCY) Appoints Dr. Alan Warrander as Senior Vice President, Global Licensing and Business Development

Oncolytics Biotech, Inc., a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics, recently announced that the company has appointed Dr. Alan Warrander to the role of senior vice president of global licensing and business development. In this position, Dr. Warrander will manage the execution of the global licensing strategy for REOLYSIN®, the company’s proprietary formulation of the human reovirus. Retaining more than 32 years of experience with biotechnology and pharmaceutical companies, Dr. Warrander most recently served as the director of global licensing at AstraZeneca. Dr. Warrander earned his Ph.D. from the University of Birmingham…

MondayDec 14, 2009 9:27 am

Muscle Flex Inc. (MFLI.PK) Proclaims Successful Initial Test of the Beagle StepFit

Muscle Flex Inc. this morning announced the preliminary results from its initial week of national test advertising for the Beagle StepFit. The company told investors that it is very pleased with a number of metrics associated with the first week of advertising that aired on 7 national cable stations. These elements include the following: 1. All of the elements associated with Muscle Flex's entire direct response mechanism from order capture, data transmittal to Moulton, data management, reporting, merchant accounts etc. performed flawlessly. Muscle Flex is confident in its direct response mechanism performing at optimum efficiency on high volumes consistent with…

FridayDec 11, 2009 5:02 pm

Quicksilver Gas Services LP (KGS) to Raise Equity to Buy Assets

Quicksilver Gas Services LP (KGS) announced today that it would sell 4 million common units at a price of $21.10. The common units represent limited partnership interests in the company. The offering will raise $84.4 million in gross proceeds before expenses. Quicksilver Gas Services LP will use the funds to pay down the outstanding balance on its credit facility, and then draw down approximately $87.1 million under the same credit facility to purchase additional assets in Texas. Quicksilver Gas Services LP is buying midstream processing and gathering assets from Quicksilver Resources Inc. (KWK). The assets have the capacity to gather…

FridayDec 11, 2009 4:59 pm

Another QualityStocks Newsletter Featured Stock – Protosource Corp. (PSCO.OB) Up 367% Today

ProtoSource Corp.’s stock closed at $0.035 a share, up $0.0275 a share for the day – a gain of 367%. This strong move, earlier hitting $0.06 for a new 52-week high, occurred on heavy volume in excess of 560,000 shares, well above the daily average volume of only about 22,000 shares. The stock was mentioned in the QualityStocks FREE Daily Newsletter on June 19, 2009 when ProtoSource was trading for only $0.0145 per share. Not bad – a triple on your money in less than six months! ProtoSource, doing business as Software Solutions Company, primarily focuses on the delivery of…

FridayDec 11, 2009 4:54 pm

Access Plans Inc. (ALHC.OB) Reports Increase in Q4 and FY09 Financials

Access Plans Inc. is a leading membership and insurance marketing company. Access today announced its financial results for its fiscal fourth quarter and year ended September 30, 2009, with results reflecting the company’s acquisition of Access Plans USA on April 1, 2009, and a reincorporation merger in December. Revenues for the fourth quarter of 2009 grew to $13.6 million, up from $5.5 million reported in the fourth quarter of 2008. The company attributes this to its acquisition of Access Plans USA operations. Net income for the quarter was $1.3 million, or $0.06 per diluted share, up from $0.8 million, or…

FridayDec 11, 2009 2:05 pm

Quepasa Corp. (QPSA.OB) – A Leading Latino Social Network

Quepasa Corp. owns Quepasa.com, one of the world's largest trilingual Latino social networks online. Quepasa.com, along with sister site Corazones.com, serves its users in the United States, Mexico, Latin America and the world in three languages: English, Spanish and Portuguese. The company's mission is to empower young Latinos with the most entertaining, authentic and up-to-date online social community. The company's unique trilingual social network community provides users with the latest viral and social networking tools. Additionally, Quepasa.com offers interactive multimedia content to enrich the user experience including: entertainment, sports, music and videos, as well as user-generated content and communities. Quepasa…

FridayDec 11, 2009 2:02 pm

Home System Group (HSYT.OB) Issues Revenue and Earnings Guidance

Home System Group is a US-listed company whose China-based operating subsidiaries – Oceanic, Weihe and Well Profit – are engaged in the production of a variety of household appliances. These appliances include: stainless steel gas grills and ovens, ceiling and table fans, LEDs, along with decorative and energy-saving lamps. Their products are sold through distributors to retailers in China, Asia, Australia, Europe, Africa and the United States. The company announced today revenue and earnings guidance for fiscal year 2009. Projected revenue is expected to be approximately $69 million, a 33% increase from the 2008 fiscal year. Net income is expected…

FridayDec 11, 2009 11:47 am

Newport Digital Technologies, Inc. (NPDT.OB) Targets E-Learning

Newport Digital Technologies Inc., best known as a developer of products based upon wireless broadband technologies, is targeting E-Learning as one of its key markets in the coming years. With the proliferation of state-of-the-art wireless broadband, along with popular web-oriented personal computing devices such as netbooks, e-learning will become increasingly important as countries around the world try to improve educational standards to build their economic competitiveness. The size of this market is projected to swell to over $52 billion in 2010, and is expected to continue to grow in the years ahead. This will boost providers of e-learning content, technologies,…

FridayDec 11, 2009 11:07 am

A Weak US Dollar May Hold Opportunity for Export Oriented Companies and their Suppliers

The continually weakening US dollar indicates that the US government has over extended in its efforts to mitigate the current financial situation. Many may discuss the merits of current economic solutions but the result is very readily apparent. The US dollar’s value, as compared to other currencies, has become less. Most that follow economic cycles around the world understand the consequences of a less valued US dollar. For those that do not follow these trends, it may be better understood by saying that a weak US dollar means that United States products are cheaper to buy than foreign goods and…

FridayDec 11, 2009 10:58 am

Commerce Department Report Shows November Retail Sales Up 1.3%

According to a Commerce Department report issued today, retail sales rose for the month of November by 1.3%, extending October’s gains of 1.1%, strengthened by auto sales and gasoline. Despite a gloomy picture painted by U.S. retailers reporting underperformance for the start of the holiday season, worries have been somewhat allayed by this report, showing the biggest advance since retail sales spiked 2.4% in August, doubling economists’ expectations. The prevailing wisdom, that high unemployment would keep consumer spending (which accounts for 70% of all economic activity) down and hamper the economy, prolonging what is quite possibly the worst recession since…

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