March 2009 - Page 17 of 28

ThursdayMar 12, 2009 7:35 am

Emirates Capital of Dubai Agree to Finance Axial Vector Energy Corp.’s (AXVC.PK) New Joint Venture with Petrosonics

Axial Vector Energy Corporation announced today that Emirates International Capital Advisory (EICA) will be financing the recently announced Joint Venture between Petrosonics LLC and AVEC called PETRO AVEC. The $7 million dollars of debt financing provided by Emirates Capital will be secured against AVEC's ownership interest in the JV. EICA will be entitled to full repayment of its contribution from license fees received by the JV and will also have a five percent overriding royalty of per barrel income to the JV. AVEC also announced in the press release that it is restructuring its credit agreement with EICA, which was…

ThursdayMar 12, 2009 6:57 am

Silver Wheaton Corp. (SLW) to Acquire Silverstone Resources (TSX: SST)

Silver Wheaton Corporation announced that they have entered into a definitive agreement pursuant to which Silver Wheaton will acquire all of the outstanding common shares of Silverstone in exchange for 0.185 common shares of Silver Wheaton for each common share of Silverstone Resources. In analyzing the specifics of this agreement, we see that based on the 20-day volume-weighted average of Silver Wheaton's common shares of C$8.58, the transaction value per Silverstone common share is C$1.59, and the total transaction value is approximately C$206 million. This represents a premium of 40% based on the 20-day volume-weighted average of both companies' common…

ThursdayMar 12, 2009 6:06 am

We Know Where You Are

If the above headline sounds a bit spooky, be prepared for things to get a lot spookier in the coming years – but also a lot more useful, valuable and fun. That’s because electronic technology has once again taken a turn that could, like the cell phone, affect much of your waking life, either directly or indirectly. What we’re talking about is the technology, now available to anybody, to track (and record) the location and travels of just about anyone, including, in some cases, people who don’t even know they’re being tracked. This particular branch of the rapidly growing GPS/cellular…

ThursdayMar 12, 2009 6:03 am

Points International Ltd. (PTSEF.OB) Recognizes Record Fourth Quarter and 2008 Financial Results

Points International Ltd., a leading loyalty reward solutions provider and owner of the Points.com portal, announced record fourth quarter and full year results. For the fourth quarter, total revenue was a record $21.7 million. Total revenue for the full year of 2008 was $75.6 million, an impressive 149% increase compared to the twelve months ended December 31, 2007. "Points delivered a record 2008 more than doubling our revenues over the prior year, expanding EBITDA and posting robust transaction growth," stated CEO Rob MacLean. "Our ability to accelerate growth and improve the bottom-line despite weakness in travel and the global economy…

ThursdayMar 12, 2009 5:48 am

Precision Petroleum Corp. (PPTO.OB) Engages Ramsey Engineering to Conduct Engineering Study

Late last month, Precision Petroleum Corp. announced the conclusion of an agreement to explore 10 leases in the State of Montana. To proceed with this program, the company has retained Ramsey Engineering, a petroleum engineering firm in Oklahoma City, to conduct an engineering survey to identify and advice on a possible seismic project as well as provide input on the optimal drilling locations. Precision Petroleum anticipates conclusion of the study within 60 days. Richard Porterfield, Petroleum Geologist and President of Precision, noted the importance of the survey as it will enable the company to proceed with minimum risk and to…

ThursdayMar 12, 2009 5:38 am

Double Eagle Petroleum Co. (DBLE) Announces Record 2008 Results

Double Eagle Petroleum Co. today reported record financial results for the full-year 2008. Net income attributable to common shareholders totaled $6,658,000, or $0.73 per diluted share, as compared to a net loss of $(13,413,000), or $(1.47) per share, for 2007. The company noted that the net income attributable to common stock in 2008 included an unrealized gain of $2,631,000 relating to economic hedges, which is recorded at fair value at each period end. Total revenues for 2008 increased a stunning 188% to $49,578,000, compared with 2007’s numbers. Production-related revenue increased 175% to $46,635,000. This increase in production revenue was driven…

ThursdayMar 12, 2009 4:42 am

GreenChek Technologies Inc. (GCHK.OB) Advances to ERD 2.0 Technology

GreenChek Technologies Inc., provider of hydrogen based technology for mobile transportation and stationary power generation applications, was pleased to announce this morning that it has released ERD 2.0. The company’s new ERD 2.0 technology requires less maintenance and facilitates the linking of units together in a modular format for greater efficiency. By linking units together, further fuel cost savings and greater emission reduction are realized, while maintaining durability and overall quality to ensure that the systems have a long life. “We are very pleased with our ERD development,” stated Lincoln Parke, President of GreenChek. “This opens the door for GreenChek…

WednesdayMar 11, 2009 10:48 am

NACEL Energy (NCEN.OB) Makes Comment on the American Recovery and Reinvestment Act of 2009

NACEL Energy Corporation is a young and upcoming company that has been gaining recognition as one of the first publicly-traded companies in America that is exclusively developing utility class wind power generation projects. Today, NACEL provided guidance to shareholders and interested parties, concerning the impact of the American Recovery and Reinvestment Act of 2009 (the "Stimulus Legislation"), signed into law by President Obama in Denver, Colorado on February 25, 2009, on the Company's Blue Creek, Channing Flats, Swisher and Hedley Pointe wind power projects, all underway in the Texas Panhandle, as well as the Company's pipeline of new wind projects…

WednesdayMar 11, 2009 9:18 am

WWA Group, Inc. (WWAG.OB) Reports Results of Crowded Dubai Auction

WWA Group, Inc. announced the results of its most recent Dubai auction, which was held between February 21 and 23, 2009. Gross auction sales surpassed $22.5 million, involving the participation of more than 410 registered bidders from 29 countries. More than 1,300 items were sold to 230 successful bidders. The company anticipates holding five more auctions in Dubai this year. “The large number of bidders and buyers at the auction was refreshing, and indicates that the market for used equipment remains strong,” commented Eric Montandon, CEO of WWA Group. "Prices were generally higher than at our December 2008 auction, and…

WednesdayMar 11, 2009 9:06 am

Greencheck Technology Inc. (GCHK.OB) Set to Grow as Green Energy Sector Receives Governmental Funding

The United States is well-known for technological advances since our nation was founded. The telegraph, the light bulb, and the sewing machine are just a sample of the early entrepreneurial spirit in our country. But what people don’t seem to know is that by the government has played a huge role in the development of many ground-breaking industries. With the Obama administration focused on the development of environmentally-friendly fuel alternatives, Greenchek Technology Inc (GCHK.OB) is a company on the cusp of tremendous growth. A brief look at history confirms that when the U.S. government backs a new technology, the niche…

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Month: March 2009