April 2008 - Page 60 of 74

MondayApr 07, 2008 4:54 pm

CryoLife, Inc. (CRY) Enters Into $15M Credit Facility with GE Healthcare Financial Services

CryoLife, Inc. (CRY), based in Atlanta, Georgia, is a biomaterials, medical device and tissue processing company. CryoLife processes and distributes implantable living human tissues for use in cardiac and vascular surgeries throughout the United States and Canada. Much of the company's research efforts focus on the preservation of human cardiac and vascular cells as well as tissues, and the development of surgical adhesives that enable cardiac and vascular surgeons to repair and reconstruct complex cardiac and vascular anomalies. The company received FDA clearance for its CryoValve®SG pulmonary human heart valve, processed using CryoLife’s proprietary SynerGraft® Technology. In addition, the company’s…

MondayApr 07, 2008 4:50 pm

Angstrom Microsystems, Inc. (AGMS.OB) Solutions Span Computing, Biotechnology and More

Our world is changing at a rapid pace; advances in medicine and technology alone are outstanding. The speed of the advancing biotechnology industry, in particular, requires high-performance computing, integration and storage. Angstrom Technologies (OTCBB: ANGS) develops high-performance computing servers applicable to scientific and technical computing. The company’s technology includes Linux servers, AMD Opteron processor-based servers, and storage technologies that focus on the architectural requirements of Life Sciences. Reliability is imperative in any business, and Angstrom’s Dataminer storage systems allow for increased storage capacity and reduced back-up time and delays – all without interruption. The company’s solutions are applicable to a…

MondayApr 07, 2008 3:50 pm

April 7th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACTC, AFMI, CACN, CBMC, CLXS, CORG, CYTR, FMTI, GCEH, GNBT, HJHO, HYTM, IFSG, MBND, MSHI, NSMG, RVEP, SMGY, SWVC, TKO Market moving headlines and news pertaining to the financial sector dominated the week, leading to a stunning bounce from deeply oversold conditions. Despite a mixed bag of financial news, banks and brokerage firms helped the financial sector lead the way, gaining 6.6%. The S&P 500 rallied with a gain of 55 points or just over 4.0% for the week, cutting its year to date loss to 6.7%. It was a striking…

MondayApr 07, 2008 1:50 pm

Pfizer Inc. (PFE) Announces 70 Million Encysive (ENCY) Shares Tendered

Pfizer Inc. (NYSE: PFE) today announced results of its tender offer by its wholly-owned subsidiary, Explorer Acquisition Corp., to purchase all outstanding shares of common stock of Encysive Pharmaceuticals Inc. (NASDAQ: ENCY) at a purchase price of $2.35 per share. Pfizer announced that a total of 70,238,869 shares, approximately 86.8 percent of the outstanding shares, including 8,473,574 shares subject to guarantees of delivery, were tendered and not withdrawn prior to the expiration of the initial offering period March 31, 2008, expired April 3, 2008. As of April 1, 2008, Pfizer beneficially owned approximately 64,128,679 shares, which is about 79.22 percent…

MondayApr 07, 2008 1:47 pm

Chile’s Booming Copper Production Entices Red Lake Exploration Inc. (RLKX.OB)

Chile’s copper mines provide more than 40 percent of the world’s copper output, according to the U.S. Department of the Interior. Chile’s mining industry employs about 6 percent of the country’s workforce, and as more mines come into operation, the demand for output is expected to rise. Red Lake Exploration Inc. (OTCBB: RLKX) engages in the acquisition, exploration and development of mineral properties in Chile. Headquartered in Richmond, Canada, the company focuses on its primary project, the Farellon property, in the Candalaria Iro Oxide Copper Gold Belt. Red Lake is reviewing options to purchase Santa Rosa and Camila Mineral Properties,…

MondayApr 07, 2008 1:33 pm

Energtek Inc. (EGTK.OB) is “One to Watch”

Energtek Inc. (EGTK) is a clean natural gas technology company that is providing practical and affordable fuel alternatives to oil and gasoline. In addition to affordability, natural gas is the cleanest-burning fossil fuel and is more readily available and evenly distributed than any other alternative. Estimates indicate there are approximately 300 million two- and three-wheel vehicles on the road today. Nearly 85 percent of those 300 million vehicles are in Energtek’s targeted market segment, Asia. These vehicles make up nearly 25 percent of the world’s total automotive market, and generate much more than their fair share of pollution. There has…

MondayApr 07, 2008 1:25 pm

Swimming Happily Against the Tide — Third Avenue's Marty Whitman Finds Lots to Buy

IN THE MIDST OF THE MARKET MAYHEM last August, Third Avenue Management sent a two-page letter to shareholders in its four mutual funds, including its flagship $10 billion Third Avenue Value Fund. The message: It's time to buy. Far from taking shelter, the firm's chief executive, David Barse told investors that the emerging bear market was irrelevant, except that it was making attractive stocks cheaper by the day. "As long as we continue to have available funds to invest, we intend to continue to take advantage of the unprecedented opportunities presented to us during this bear-market 'panic'," the letter said.…

MondayApr 07, 2008 1:07 pm

XO Communications (XOHO.OB) Now Offering Advanced IP-Based Voice and Data Communications Services across Charlotte Metropolitan

XO, a leading provider of 21st century communications for businesses and communications service providers, announced today that it now offers advanced data and IP communications services to Charlotte businesses. The company is now able to offer businesses in Charlotte an affordable communications alternative for both local and nationwide areas, expanding its reach and establishing points-of-presence locations across the metro area. Bob Morgan, President of the Charlotte Chamber of Commerce commented, “We welcome XO Communications to Charlotte. The expansion into Charlotte by one of the nation's largest telecommunications companies is a testament to the growth and opportunities in our region's business…

MondayApr 07, 2008 1:03 pm

PFSweb, Inc (PFSW) – eCOST.com Expands to Over 170,000 Leading Brands

eCOST.com, a leading company which develops and deploys integrated business infrastructure solutions and fulfillment services for Fortune 100, Global 2000 and brand-name companies, announced that it now offers 170,000 products with expanded “For the Home” and “Sports & Leisure” categories. Included in the name brands offered are Bissell, Conair, Milwaukee Electric, Oster, Wilson, Spalding, Nike and Rawlings. The new product additions, which will also be available on Bargain Countdown™, a proprietary shopping feature, are the primary result of a new “Virtual Warehouse” agreement signed in 2008. Under this agreement, eCOST.com does not have to invest large amounts of capital to…

MondayApr 07, 2008 1:00 pm

Curis, Inc. (CRIS) Scientists Present Strategic Compound Design at the 235th American Chemical Society (ACS) National Meeting

Curis, Inc, a drug development company that is committed to leveraging its innovative signaling pathway drug technologies to create new medicines, announced that its scientists presented a poster entitled “Design and synthesis of quinazoline derivatives as novel, potent multi-acting HDAC and receptor tyrosine kinase inhibitors for the treatment of cancer,” at the 235th ACS National Meeting. The ACS National Meeting is being held from April 6th through the 10th. The compound design and research underlying the development of proprietary drug compounds, belonging to a class of chemical structures called quinazonlines, was described at the presentation. The compounds were designed to…

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Month: April 2008