October 2008 - Page 32 of 50

SaturdayOct 11, 2008 7:54 am

Seaway Valley Capital Corp. (SWYV.OB) Obtains Brian Hill as Hospitality Industry Advisor

Seaway Valley Capital Corporation (SWYV.OB) has hired Brian Hill, a longtime restaurant operator and owner, to advise the company on the operation of its lodging, restaurant, and brewing holdings. "I am pleased to be able to work with Seaway Restaurant Group and Sackets Harbor Brewing Company," said Hill, "as I feel they have tremendous potential for success. The restaurant concepts and the retail brands already have earned a great regional following, and what makes this exciting is the national growth potential." Hill is an ACF-certified chef, has earned individual gold medals in culinary competitions, and has created and marketed barbecue…

SaturdayOct 11, 2008 7:52 am

Beacon Power Corp. (BCON) Gets $7.9M Investment Injection Commitment

Beacon Power Corporation (NASDAQ: BCON) announced it prepared a stock sale to raise $7.9 million. By Oct. 15, Beacon Power will sell 8.7 million units at 91¢ per unit. Each unit includes one share, 1¢ par value, and one warrant to purchase one other share at an exercise price of $1.20 per share. The warrants will be exercisable beginning six months and one day after the date of their issuance, and will expire five years after they become exercisable. Net proceeds for the company are expected to be about $7.2 million after agency fees and expenses. For this transaction, Merriman…

FridayOct 10, 2008 4:16 pm

Nu Horizons Electronics Corp. (NUHC) Announces Second Quarter Financial Results and Discusses Growth in Asia-Pacific Region

Nu Horizons Electronics Corp. (NASD: NUHC), a leading global distributor of advanced technology semiconductor, display, illumination, power and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and Electronic Manufacturing Services providers (EMS), recently announced its financial results for the fiscal second quarter 2009, which ended on August 31, 2008. Nu Horizons’ shares moved higher earlier this week, after the company announced a 14.3 percent year-over-year increase in new sales to $211.8 million. Second quarter net income totaled $192,000, or $0.01 per diluted share, compared with a net income of $783,000, or $0.04 per diluted share during…

FridayOct 10, 2008 12:45 pm

Sentry Petroleum Ltd. (SPLM.OB) Granted Rights for Three Wells, Aggregate 6.8 Million Acres

Sentry Petroleum Ltd. (OTCBB: SPLM) today announced the Department of Mines and Energy has approved the company's acquisition of Authorities to Prospect #862, #864, and #866. The U.S. oil and gas exploration company was also awarded the rights to all conventional oil and gas deposits associated with the wells. According to the press release, the acquisition gives the company 6.8 million acres of acreage, leveraging it as the largest land holder in the commercially proven Adavale Basin in Australia. The acreage has an aggregate of 11 trillion cubic feet of gas production and more than 90 million barrels of oil…

FridayOct 10, 2008 12:44 pm

Premier Power Renewable Energy Inc. (PPRW.OB) Completes Solar Installation to Benefit New Jersey’s Green Drivers

Premier Power Renewable Energy Inc. provides small and large-scale solar power systems for commercial, agricultural and residential customers in North America and Spain. The company today announced the completion of the first of two dual-purpose solar projects, each expected to generate enough energy to provide heat and light for 50 homes per year. Each solar canopy includes more than 600 solar panels and will total an aggregate 402Kw on the rooftops of two large six-story parking garages on each side of the new Trenton AMTRAK/NJ Transit center. The solar systems are operated by real estate developer Nexus Properties Inc. These…

FridayOct 10, 2008 11:22 am

Oil Prices drop 45% from Peak Price of $147.27 in July to below $80

The International Energy Agency cut its forecasts for world oil demand growth for 2008 to its lowest level since 1993. This sent ripples across the market in a reverse effect of the mid-summer madness brought on by high barrel costs. Prices have dropped nearly 45 percent from a peak of $147.27 in July. The agency said the impact of global economic weakness was most acute in developed countries, while developing countries were showing "a degree of resilience." This bears good news for the manufacturing and transportation industries who have been hit hard by the rising cost of fuel. The Organization…

FridayOct 10, 2008 11:21 am

President Bush Urges Americans to Act with Temperance

President George W. Bush spoke today from the White House Rose Garden regarding our nation’s economy and in particular, the recent stock market fluctuations of the last 7 days. With an air of resolute calm, President Bush remarked, “We can solve this crisis and we will.” President Bush continued, “The plan we are executing is aggressive. It is the right plan. It will take time to have its full impact. It is flexible enough to adapt as the situation changes. And it is big enough to work.” He also noted the increased anxiety across the nation, “That anxiety can feed…

FridayOct 10, 2008 11:15 am

Empire Energy Corporation (EEGC.OB) International Received Tasmanian Government Approval to Continue Thunderbolt #1 Site Preparation and Top Hole Drilling

Empire Energy Corporation operates in Tasmania's central and northern basins, becoming a leading low-cost finder of hydrocarbons. Today’s announcement by the state government of Tasmania gives permission to prepare the lease for the Thunderbolt #1 site and to drill the top hole. Provided that the rig is inspected, approval has also been given to move the drill rig to Thunderbolt #1 on completion of the previous project, Bellevue #1. Expectations for the new area will solidify once the target depth of 400m at a hole size of 17.5 inches is completed. Seismic data from 2006 and 2007 show potentially large…

FridayOct 10, 2008 11:13 am

Neohydro Technologies Corp. (NHYT.OB) Appoints Dr. I.J. Wilk, Ph.D to head Company’s Green Initiatives

Dr. I.J. Wilk, Ph.D brings a total of 45 years of experience to the Neohydro Technologies team to act as Senior Scientist. Dr. Wilk is scheduled to head the company’s green initiatives by using high-voltage electrolysis to eliminate the spread of E coli and salmonella in a non-invasive manner for the food industry. By using high-voltage electrolysis, bacteria and viruses are killed without damaging the nutritional content of the food. Electrolysis can also be used to remove oxidative contaminates in water to eliminate environmental problems. Neohydro’s mobile water renewal units use electrolysis to break down salt an water molecules in…

FridayOct 10, 2008 11:03 am

Saks Inc. (SKS): Large Investor Adds to Position

Saks Inc. (SKS:NYSE) currently operates Saks Fifth Avenue, which consists of 53 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and Saks.com. The company also operates Club Libby Lu speciality stores. Saks, like most other retailers, has run into difficulties in the current economic downturn. The company's recent monthly sales figures are down. The downturn in fortunes for the company has pushed Saks' stock down quite a bit. The 52-week high was just above $23 a share. The stock has just recently touched its new 52-week low around 5 1/2 per share. One major investor seems to have confidence…

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Month: October 2008