Blog - Page 4199 of 5774

MondayAug 17, 2009 9:10 am

Axial Vector Energy Corp. (AXVC.PK) Pursues U.S. Army Efficient Powertrain Technologies Contract

Axial Vector Energy Corp. announced this morning that it is proposing its Workhorse engine and ancillary generator solutions in response to the U.S. Army's Efficient Powertrain Technologies Broad Agency Announcement (BAA), http://contracting.tacom.army.mil/baa/05RBAA1/topics.htm. Launching a four year program to develop new powertrain technologies, the Army is searching for a solution matching a diesel engine, a longitudinal transmission, and a high output optimized electrical generator device to provide exportable electrical power. The chosen solution must reduce fuel consumption, reduce noise, and operate on a variety of fuel combinations and mixtures. According to the press release, this contract is anticipated to be funded…

MondayAug 17, 2009 9:00 am

eDOORWAYS Corp. (EDWY.PK) Confirms Company is on Track for Filing Date

Moving forward to meet the expected filing date of the 10K, eDOORWAYS Corp. today told investors that Mr. Bensimon remains “steadfast” regarding the timing of the 10K filing. Yesterday, Mr. Bensimon provided the company’s SEC counsel and auditor a fairly completed 10K document. According to the press release, Mr. Bensimon believes that barring any unforeseen legal matters or major concerns from the auditor, the review of the 10K document should be complete and ready to file in approximately the next two weeks. This timing is in line with his original estimate. The company also announced that, at Mr. Bensimon's recommendation,…

MondayAug 17, 2009 8:19 am

National Investment Managers Inc. (NIVM.OB) Posts Record Q2 Results, Citing Aggressive Business Model and Strategic Plans

National Investment Managers Inc. is a nationally-based holding company focused on retirement plan administration and investment management. The company recently announced its financial results for the quarter and six months ended June 30, 2009, reporting record quarterly revenues. The company posted second-quarter 2009 revenues at $14.1 million, up 19.7 percent from $11.8 million posted in 2008. For the first half of 2009, the company reported revenues of $26.7 million, an increase of 29.1 percent, from $20.7 million reported for the first six months of 2008. The company's earnings before interest, taxes, depreciation, amortization (EBITDA) was $4.7 million for the second…

FridayAug 14, 2009 5:23 pm

Diversified Restaurant Holdings, Inc. (DFRH.OB) Enters into Letter of Intent to Acquire Nine Buffalo Wild Wings Restaurants

Diversified Restaurant Holdings, Inc., a restaurant management company, announced that the company has signed a letter of intent to purchase nine Buffalo Wild Wings restaurants, which includes six locations in Michigan and three locations in Florida. The company’s Board of Directors approved this agreement at its July 30, 2009 meeting. Founded in 1982 and headquartered in Minneapolis, Minnesota, Buffalo Wild Wings is an owner, operator and franchisor of neighborhood restaurant / bar style establishments. Over the past 27 years, the concept has established widespread appeal as an inviting, neighborhood destination with more than 600 restaurants in over 40 states nationwide.…

FridayAug 14, 2009 2:30 pm

What Do We Owe, And To Whom?

You may have noticed that you’re hearing a lot about America’s national debt recently. No doubt you’ll be hearing a lot more about it in the future. And, along with it, you’ll be hearing a lot more of the “T” word (trillion). In fact, it’s about the only time the average person will ever hear the word trillion, because there just aren’t many things we deal with in life that are that big. After all, a trillion is equal to a million million. • If you took all of the cars that exist in the entire world, old and new,…

FridayAug 14, 2009 2:29 pm

Profiting From the New Chinese Consumerism

Despite the mis-informed opinions that flow from some on Wall Street, China is becoming less and less dependent on exports to the U.S. More demand for products is coming from China itself. Recent shipping container points to this change. A year ago there were only 56 tons of Chinese imports for every 100 tons of Chinese exports. One year later, this figure has grown to 80 tons of Chinese imports for every 100 tons of Chinese exports. This is a dramatic change for just one year. Retail sales also support the idea that the Chinese consumer is beginning to spend.…

FridayAug 14, 2009 2:25 pm

Xplore Technologies Corp. (XLRT.OB) Significantly Reduces OPEX and Cash Burn

Xplore Technologies Corp. develops, manufactures, markets and sells award-winning rugged tablet PCs. The company's mobile wireless PC computing systems allow users to receive, collect, analyze and transmit information in a variety of environments not suited for traditional non-rugged computing devices. The company's end-users are in markets that include utility, logistics, public safety, delivery and transportation, military and homeland security. Xplore has announced today its financial results for the three months ended June 30, 2009. Revenues came in at $4,994,000 as compared to $4,451,000 for the same period last year, an increase of 12%. The increase in revenue was attributed to…

FridayAug 14, 2009 2:15 pm

Axial Vector Energy Corp. (AXVC.PK) Joint Venture Partner Awarded International Patents

Axial Vector Energy Corp. is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies in areas such as energy. In the energy area, the company has entered into a joint venture with Petrosonics LLC called PETRO-AVEC. The joint venture is owned 60% by Petrosonics and 40% by Axial Vector Energy. The company's PETRO-AVEC joint venture was setup to develop, finance and market Petrosonics’ sulfur removal technology which can be used in refineries around the world. The process removes sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of…

FridayAug 14, 2009 2:12 pm

MediaNet Group Technologies Inc. (MEDG.OB) Enters into Merger Agreement with the DubLi Companies

MediaNet Group Technologies Inc., through its BSP rewards division, has developed the largest online mall and affinity program platform. The company generates product purchases from over 1,000 participating mall merchants, including the nation's largest retailers, as well as from gift cards and a large discount catalog. Some of the participating retailers include: Walmart, Target, Sears, Best Buy and Macy's. MediaNet Group Technologies recently announced that it has entered into a definite merger agreement with CG Holdings Ltd., a privately-held, European-based holding company for the DubLi companies. DubLi is a worldwide online trading firm composed of two very unique and individual…

FridayAug 14, 2009 2:09 pm

American TonerServ Corp.’s (ASVP.OB) “Momentum” Swings Company to Solid Q2 Revenues

American TonerServ Corp. is a leading marketer of various printing supplies and services, targeting small- and medium-sized businesses. The company recently announced strong second-quarter financials, reaffirming its competitive position in the $6.0 billion printer supplies and services industry. "We are very pleased to report record numbers this quarter, with revenues growing more than 166% over last year's second quarter," Chuck Machem, CEO of American TonerServ stated in the press release. "As evidence of the company's momentum, second quarter revenues were 15% above those of the preceding first quarter." Revenue for the three-month period ended June 30, 2009 was $7.4 million,…

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