September 2008 - Page 7 of 61

FridaySep 26, 2008 1:34 pm

Memory Pharmaceuticals Corp. (MEMY) Announces Completion of Phase I Ascending Dose Study to Fight Alzheimer’s

According to the Alzheimer’s Association, approximately 5.2 million Americans are living with Alzheimer’s. Someone develops Alzheimer’s every 71 seconds, and it is the sixth-leading cause of death. To fight the mental, physical and emotional devastation this disease causes individuals, family and friends, Memory Pharmaceuticals Corp. (Nasdaq: MEMY) is focused on developing innovative drugs for the treatment of debilitating CNS disorders that may impair memory and other cognitive functions, including Alzheimer’s disease and schizophrenia. The company today announced the completion of its phase I multiple ascending dose study of R4996/MEM 63908. The study is the fourth and final study involving health…

FridaySep 26, 2008 1:13 pm

SkyPostal Networks, Inc. (SKPN.OB) to Create Growth through Acquisition

A common trend these days within the international mail and parcel industry is that of mergers, acquisitions and strategic partnerships between long-standing companies. One of these companies is SkyPostal (OTCBB: SKPN), based out of Miami, Florida. Earlier this year, when the company began trading on the public markets, Albert P. Hernandez, President and CEO of SkyPostal, stated, "Going public through this merger is the next step in our evolution, as SkyPostal strives to become the dominant mail distribution company in Latin America, the Caribbean and Mexico ('LAC'). SkyPostal has been active since last year already acquiring Spring Global Mail Latin…

FridaySep 26, 2008 12:11 pm

The Fight Zone, Inc. (TFZI.PK) is “One to Watch”

The Fight Zone, Inc. (TFZI.PK) is focused on developing and promoting Mixed Martial Arts (MMA) sports, as well as its athletes, on a global basis. The company is strategically positioning itself in this industry as it is one of the fastest growing industries in the nation. The Fight Zone is primarily committed to developing the highest level of fighters, while receiving 30% of their clients’ winnings and bonuses. The company’s services encompass discipline training, strength and conditioning training, management, marketing and sponsorship programs. The company also plans to generate revenue by promoting the fights, advertising, endorsements, merchandising, gate attendance and…

FridaySep 26, 2008 11:30 am

Bailout Talks Stall, WaMu Crumbles

As lawmakers continued to hammer out the terms of the Wall Street bailout on Friday, tragedy struck Washington Mutual, effectively making it the largest bank to fail in the history of American finance. The company was seized by the FDIC on Thursday, and its assets sold to JPMorgan & Chase for a sum of $1.9 billion. JPMorgan said it would write down WaMu's loan portfolio by approximately $31 billion, though the decision could be subject to change if an agreement on the government bailout is reached, and the company chooses to take advantage. With regard to the acquisition, CEO Jamie…

FridaySep 26, 2008 11:29 am

Brown Calls for Global Solution to Global Problems

British Prime Minister Gordon Brown spoke on Friday regarding the economic turmoil now affecting markets around the globe. As he addressed the U.N. General Assembly, Brown practically demanded "a new global financial order" to combat what he called the world's "first real financial crisis". He stated that a new system of wholly-transparent financial standards and practices was called for, and that a worldwide state of isolationism should be out of the question. Indeed it seems that all nations will have to work together to avoid impending doom, and restore a relative equilibrium to financial markets. Brown added, that in order…

FridaySep 26, 2008 11:28 am

India and the U.S. – Nuclear Trade Partners?

Officials of India's nuclear energy program have expressed the desire to do business with General Electric and other U.S. energy firms. It will fall upon Congress to give American companies the thumbs-up to sell uranium and nuclear technology to India. President Bush and the Indian Prime Minister met in Washington on Thursday, both hoping to see an agreement on the issue reached. Some Americans are skeptical despite the obvious economic benefits, citing India's past failure to sign a global treaty against the proliferation of nuclear weapons. Indian officials are confident that if the U.S. will not play ball, it will…

FridaySep 26, 2008 11:14 am

Tri-Star Holdings, Inc. (TSHL.PK) Releases Results of Most Recent Lucky Linda Claim Assay, Meets With BLM Officials

TRI-STAR HOLDINGS, INC. announced the Company has released the assay reports completed by Spooner and Associates, confirming the company's existing estimates of its gold reserves in its Nevada mine, the Lucky Linda #1 Claim. The report can be viewed at www.tristargold.com. Mr. Spooner took several core samples from various locations on the 160 acre claim that, when processed by Mr. Chastain, indicated gold concentrations as high as 10 oz per ton of earth. This secondary round of testing is consistent with the company's existing reports on the "Lucky Linda #1" claim's gold and platinum reserves. Additionally, management is working with…

FridaySep 26, 2008 10:40 am

Allin Corp. (ALLN) Wins More Cruise Ship Business

Allin Corporation (ALLN.OB), a Pittsburgh based, multi-faceted software/hardware solutions provider, announced another win Friday for its Interactive Media arm in the lucrative cruise ship interactive television market. Costa Crociere, Italy’s (and Europe’s) number one cruise vacation line will have Allin provide the interactive television solution for its two newest and most advanced cruise ships, the Costa Luminosa and the Costa Pacifica, scheduled for delivery in spring 2009. The projects will be Allin’s seventh and eighth installation for Costa, and will include several advanced communication features. The Costa Luminosa and Costa Pacifica systems will provide a variety of in-cabin entertainment and…

FridaySep 26, 2008 10:38 am

Mass Megawatts Wind Power, Inc. (MMGW.OB) is “One to Watch”

Mass Megawatts Wind Power ("MMWP") develops, manufactures, and operates some of the most cost-efficient wind energy generation systems ever conceived. The company's patented Multi-Axis Turbosystem (MAT) produces electricity at a cost comparable to that of fossil fuel generation, which is still largely considered to be the cheapest method of production. The MAT provides perfectly clean energy which can be profitably distributed for less than 2.5 cents per kilowatt hour. This figure is up to forty percent more efficient than traditional turbine-based wind energy systems, and unlike turbines, MMWP's apparatuses do not endanger local avian populations. Located in Massachusetts, the company…

FridaySep 26, 2008 8:09 am

Life Lessons

One-third of U.S. adults have no life insurance, according to recent research. That may not actually be such a big deal. Not everyone needs life insurance. What’s truly alarming is a finding that most people who already have life insurance may not have enough coverage to help prevent the financial hardships that many families face when a major breadwinner dies unexpectedly. The uninsured families are probably aware that they lack coverage. It’s the underinsured families who run the risk of finding out too late that they didn’t have enough insurance. Most adults only have group coverage through an employer. Although…

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Month: September 2008