January 2009 - Page 14 of 19

MondayJan 12, 2009 6:58 am

Sector 10, Inc. (SECT.OB) Builds Success with an Established Board of Directors

The Chairman of Sector 10’s Board of Directors is Pericles DeAvila who is the founder, inventor and creative thinker at Sector 10. He is recognized for inventing the Pericles LogiX System and the Mobile Response Unit and Stationary Response Unit, the core of the Sector 10 product line. Previously, Mr. DeAvila co-founded Dagcon General Construction, a 375-employee subcontractor in the San Francisco area where he was involved in the development of metal frame construction methods for residential homes in the Los Angeles area. Larry Madison has been given the responsibility of overseeing all aspects of financial management and reporting for…

MondayJan 12, 2009 6:17 am

MyECheck, Inc.’s (MYEC.OB) Comprehensive Check 21 Services are Bringing Innovation to the Ecommerce Landscape

MyECheck, Inc., a Federal Reserve certified Check 21 provider, offers the industry’s most comprehensive suite of check image creation and clearing solutions. From back office check image clearing to real time internet processing, the company is offering a solution that will help businesses save money and unlock a larger potential customer base. MyECheck's RCC image service is the world’s first Check 21 processing solution for remote and online transactions. The company’s RCC solution can clear funds from any checking account in the Federal Reserve banking system; more institutions than ACH can reach. RCC images also clear faster than ACH, and…

FridayJan 09, 2009 1:32 pm

Nexia Holdings, Inc. (NXHD.OB) Identifies Seven Residential Properties for Acquisition

Nexia Holdings, Inc. announced after the bell today that the new management of Wasatch Capital Corp. has identified seven properties for acquisition under the real estate acquisition strategy recently announced. According to the press release, the estimated value of the properties is $1.6 million. Currently, the company is performing due diligence on the properties to establish the final purchase price and conditions. The value of each of the properties range from $90,000 to $480,000, all of which are located in the northern Utah area, from the Salt Lake Valley north to Ogden, Utah. Richard Surber, CEO of Nexia Holdings, stated,…

FridayJan 09, 2009 1:14 pm

Emmis Communications Corp. (EMMS) Announces Financial Results of 3rd Quarter

Today before the opening bell, Emmis Communications Corp. reported its third fiscal quarter results ended November 30, 2008. For the quarter, net revenue was $85.1 million, compared to $90.6 million for the same quarter of 2007. Diluted net income per common share from continuing operations was ($3.45), compared to ($0.21) for the same quarter of the prior year. Without a non-cash impairment charge of $3.51 per share, the company’s diluted net income per common share from continuing operations would have been $0.06. Following the announcement of the financial results, Emmis’ stock rose over 46% in morning trading hours. Emmis Chairman…

FridayJan 09, 2009 9:37 am

Daystar Technologies Inc. (DSTI) Ramping Utility Level CIGS Solar Panel Production

First generation products are always a nice “gee-whiz” sort of thing. Following-generation products, unfortunately, need to deal with the realities of a product performing to a certain level. In most instances, making the leap to this following level is a difficult one as most consumers of the following generation product have a certain expectation of what the product needs to be able to do. If an investor can find that following generation product and a solid manufacturer behind it, he/she may have a solid route to profit. Daystar Technologies Inc., a thin-film photovoltaic products company, develops, manufactures and markets photovoltaic…

FridayJan 09, 2009 8:01 am

Circuit City Stores, Inc. (CC) in Discussions Regarding Possible Buyout/Financing

Circuit City Stores, Inc. announced that it is currently in discussions with two interested parties that may either buy the company or provide the funding necessary to keep the electronics retailer in business. "While the company is optimistic that a transaction can be successfully finalized, no assurance can be given that this will occur," the company said in a statement. Circuit City also stated that sales trends have improved significantly during the last two weeks of December, although overall revenues have been below projections. But the company did say that it has been able to manage expenses and improve gross…

FridayJan 09, 2009 7:41 am

China Gengsheng Minerals, Inc. (CHGS.OB) Enters Partnership with Chinalco’s Gongyi Division

China Gengsheng Minerals, Inc. announced this morning that it has forged a supply partnership for bauxite with Aluminum Corporation of China's Gongyi Division, which produces bauxite from its mine in Gongyi City of Henan Province. This mine, with an estimated reserve of 12 million tons and estimated life of 25-30 years, will be used to supply 150,000 – 250,000 tons of bauxite per year to Gengsheng as raw materials for refractory and fracture proppant products. According to the press release, the company will pay a slightly-below-market price for Chinalco Gongyi's bauxite. "This long-term strategic supply partnership is meant to ensure…

FridayJan 09, 2009 7:33 am

Anesiva, Inc. (ANSV) Receives FDA Approval for Supplemental New Drug Application to Expand Zingo(TM) Indication

Anesiva, Inc. announced today that the U.S. Food and Drug Administration (FDA) has approved its supplemental New Drug Application (sNDA) to expand the indication for Zingo(TM) to treat adults’ pain associated with blood draws. Previously, Zingo (lidocaine hydrochloride monohydrate) powder intradermal injection system was only approved to treat the pain caused by peripheral IV insertions and blood draws in children aging 3-18 years. As announced in November of last year, Anesiva ceased Zingo commercial activities to focus efforts on the development of Adlea(TM). This non-opioid, long-acting analgesic drug candidate was designed to mange the acute pain that follows orthopedic surgeries.…

FridayJan 09, 2009 7:25 am

China Voice Holding Corp. (CHVC.PK): SEC Completes Review of Form 10 Registration Statement

Today, China Voice Holding Corp. announced that it has received a letter from the Securities & Exchange Commission (SEC) that confirms the Company’s Form 10 Registration Statement has been reviewed and that there are no further comments. Commenting on the SEC letter, CHVC’s President and Chief Executive Officer Bill Burbank stated, “We are grateful that the registration of our common stock has become effective with the Securities & Exchange Commission. This is a significant event toward our goal to create credibility and transparency to the benefit our shareholders.” He continued, “We are now a fully reporting company and our common…

FridayJan 09, 2009 7:15 am

Axial Vector Energy Corporation (AXVC.PK): Discovering an Innovative Way to Capitalize on the Growing Wind Energy Market

A record 20,000 megawatts (MW) of wind power were installed worldwide in 2007, with the United States, Spain and China providing the biggest annual increases, bringing world-wide installed capacity to 94,112 MW. GWEC Secretary General Steve Sawyer commented, “The growth rates we are experiencing in wind energy continue to exceed our most optimistic expectations.” AWEA Executive Director Randall Swisher stated, “This is the third consecutive year of record-setting growth, establishing wind power as one of the largest sources of new electricity supply for the country. This remarkable and accelerating growth is driven by strong demand, favourable economics, and a period…

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Month: January 2009