October 2008 - Page 37 of 50

WednesdayOct 08, 2008 1:06 pm

Microvision Inc. (MVIS) and Taiwan Optical Leader Announce Manufacturing Partnership to “Revolutionize” Handset Marketplace

Microvision Inc. (Nasdaq: MVIS), a provider of next-generation projector display and imaging products, and Asia Optical Co. Inc., a leading manufacturer of optical instruments such as fiber optics and digital cameras, today announced a supply agreement expected to leverage both companies’ position in the industry and provide consumers with high-quality display products. Per the agreement, Asia Optical will manufacture its proprietary PicoP technology-based display engines, as well as Microvision’s first stand-alone Pico projector products, to boost their positions in the marketplace. “Our PicoP go-to-market strategy leverages strategic supply chain partnerships and we are very excited to formally announce our partnership…

WednesdayOct 08, 2008 1:04 pm

Composite Technology Corp. (CPTC.OB) Teams with Higher Perpetual Energy to Build Four Wind Farms in Texas Panhandle

Composite Technology Corp. (OTCBB: CPTC), through its subsidiaries, operates as a developer and manufacturer of wind turbines, a form of alternative energy picking up speed, particularly in West Texas. The company today announced its DeWind subsidiary has entered into an agreement with Higher Perpetual Energy LLC to form DeWind SWI Wind Farms LLC (SWI Wind Farms) to construct a number of wind farms. SWI plans on developing four wind farms in Texas, totaling up to 620 megawatts of electrical energy capacity and consisting of Little Pringle One (10 MW), Little Pringle Two (10 MW), Big Pringle (200 MW) and Palo…

WednesdayOct 08, 2008 11:54 am

Zila, Inc. (ZILAD) Comments on Fourth Quarter and Fiscal Year 2008 Results

Zila, Inc. (NASD: ZILAD), a marketer and reseller of over-the-counter, non-prescription oral and dermatological products, recently reported financial results for its fiscal 2008 fourth quarter and full year ended July 31, 2008. Net revenues for the fourth quarter increased 14 percent to $11.9 million, compared with $10.4 million during the corresponding period one-year earlier. Net revenues for fiscal year 2008 climbed 57 percent to $45.1 million, compared with $28.8 million for fiscal 2007. Supporting the gains in net revenues, sales of ViziLite® Plus posted a year-over-year increase of 46 percent to $3.9 million, representing the eighth consecutive quarter of revenue…

WednesdayOct 08, 2008 11:52 am

A-Power Energy Generation Systems (APWR) Terminates Chief Financial Officer

A-Power Energy Generation Systems, Ltd. (NASD: APWR), the largest provider of distributed power generation systems in China, recently announced that the company has terminated its chief financial officer, Edward Meng. According to the company’s internal review, A-Power Energy Generation Systems has confirmed assertions made by NASDAQ relating to the omission of certain biographical information of Edward Meng. A-Power Energy Generation Systems was alerted to allegations against Mr. Meng by a NASDAQ notification stating that Mr. Meng’s former employer contacted NASDAQ to report that Meng had breached that company’s code of conduct by being dually employed by both that company (full-time)…

WednesdayOct 08, 2008 11:50 am

Chembio Diagnostics, Inc. (CEMI.OB) Announces FDA Approval for Extended Age Range for Routine HIV Testing

Chembio Diagnostics, Inc. (CEMI.OB), a developer, manufacturer and marketer of proprietary rapid diagnostic tests in the growing $5 billion point-of-care testing market, recently announced that the company has received approval from the United States Food and Drug Administration to extend the testing age range for its HIV rapid point-of-care tests to individuals 13 years of age and older. A recent clinical study was designed to evaluate the performance of the company's FDA-approved rapid tests, Clearview® COMPLETE HIV 1/ 2 and Clearview® HIV 1/ 2 STAT-PAK®. The University of Maryland School of Medicine performed the study for Chembio on four separate…

WednesdayOct 08, 2008 11:22 am

Red Chip Featured Company: Avalon Ventures Ltd. (AVL.TO)

Avalon Ventures Ltd. (AVL.TO) is a Canadian company focused on the exploration and development of rare metals and minerals. The demand for metals such as lithium, beryllium, indium, gallium, along with rare minerals like calcium feldspar and rare earth elements (REE), is increasing for both technology and environmental applications. At this time, Avalon owns a 100% stake in five rare metal and mineral projects in Canada. The East Kemptville Project in Yarmouth County, Nova Scotia, covers a 7,680 acre area. In 2007, the company hired Hudgtec Consulting to perform a detailed compilation of historical data on the area. Avalon is…

WednesdayOct 08, 2008 9:43 am

Russians Halt Trading

Both Russian stock markets were shut down on Wednesday after stocks went into freefall within the first thirty minutes of trading. The now worldwide credit crunch has obviously found its way to the far corners of the globe, as Russia begins to feel the adverse effects. The MICEX, where most of Russia's trading takes place, will be inactive until Friday; The RTS index will be suspended until further notice. President Dmitry Medvedev spoke of the current turmoil at a conference in France: "Any crisis is a natural way of resolving contradictions. And it must be used to 'clean up' and…

WednesdayOct 08, 2008 9:42 am

Markets in Continuous State of Flux

Amid continuing fears over the state of the nation's credit markets, stocks are fluctuating a lot today. Increases were recorded following the opening bell, yet by early afternoon the Dow had fallen as much as 200 points. Interest rate cuts by the Fed took awhile to sink in, as investors remain extremely wary, however every major index jumped from red to green shortly after 1:00 pm EDT. We can expect the uneasiness to continue, as funds from the recently passed rescue package are certain to take time to filter through. Let us hear your thoughts below:

WednesdayOct 08, 2008 9:41 am

Banks around the World Slash Interest Rates

On Wednesday, the Fed, joined by banks across the globe, slashed interest rates in the first move resembling a united front since the beginning of the financial crisis. The Fed itself cut its key rate to 1.5 percent, followed up with cuts by the Bank of England, European Central Bank, and central banks of China, Canada, Sweden, and Switzerland. The action intends to loosen the grip of fear spreading worldwide. Let us hear your thoughts below:

WednesdayOct 08, 2008 9:39 am

Onstream Media Corp. (ONSM) Announces Several New Developments

2008 is shaping up to be an extremely eventful year for Onstream Media. On Tuesday, the company released a cover-all press statement that included a listing-status report, modifications to a recent acquisition agreement, and details surrounding recent product upgrades. On October 1st, a letter was received from NASDAQ stating that Onstream's common stock is subject to de-listing as a result of the company's failure to hold a required annual shareholder meeting by the end of its fiscal year (September 30th). A hearing has been set for November 20, 2008 with the NASDAQ Listing Qualifications Panel to address the issue. On…

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Month: October 2008