March 2009 - Page 20 of 28

TuesdayMar 10, 2009 7:05 am

IDM Pharma, Inc. (IDMI) Announces Approval in Europe for Treatment of Patients with Non-Metastatic, Resectable Osteosarcoma

IDM Pharma, Inc. announced that the European Commission has formally authorized MEPACT® (mifamurtide, L-MTP-PE) for the treatment of patients with non-metastatic, resectable osteosarcoma, a rare and often fatal bone tumor. MEPACT can now be marketed in the 27 Member States of the European Union, as well as in Iceland, Liechtenstein and Norway. "Today's approval of MEPACT is a significant milestone for physicians and patients in Europe, giving them access to the first new osteosarcoma treatment option in 20 years," commented Timothy P. Walbert, president and chief executive officer, IDM Pharma. "As our lead product candidate and first to receive approval,…

TuesdayMar 10, 2009 6:50 am

AM Oil Resources & Technology, Inc. (AMOR.OB) Announces Launch of Q&A Section

Today before the opening bell, AM Oil Resources & Technology announced that it has added a section to its website where the investor community can get quick answers to frequently asked questions. All answers will be compliant with Regulation FD and won't contain any information not disclosed in the company’s SEC filings. CEO Keith A. Johnson stated, “Due to a heightened market presence of AM Oil, we have seen a significant increase in investor calls and decided to compile the questions and provide the public with online responses. Our goal is to provide an understanding of the benefits of our…

MondayMar 09, 2009 3:40 pm

March 9th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACCP, ACTC, CNLGD, ENZ, HYTM, IFAQ, PCFG, PHC, PSTI, SKYI It was another brutal week on Wall Street, as the deluge of negative economic indicators continued to pour in, which, when coupled with continued concerns over the state of the financial sector, sparked sell offs in all of the major indices. All told, the Dow surrendered 435 points to close at 6626, down 6.2% on the week and 24.5% on the year. The Nasdaq fared no better, declining by 6.1% to close at 1293, bringing its YTD loss to 18%, while the…

MondayMar 09, 2009 1:07 pm

EnterConnect Inc. (ECNI.OB) More Than Doubles its Business in 3rd Quarter; Updates Shareholders

A leading provider of business-ready SaaS (Software as a Service) portals, EnterConnect released its fiscal 2009 third quarter financial results in a press release also intended to bring its shareholders up to speed with regard to the latest company developments. For the three-month period ended December 31st, 2008, EnterConnect reported an astronomical rise of 104 percent in total revenues over the corresponding period in 2007. Gross profits also rose significantly, 86 percent, but the company has made it abundantly clear that these numbers are simply not enough. In an effort to increase sales, and the effectiveness of corporate strategies, the…

MondayMar 09, 2009 12:44 pm

GreenChek Technology Inc. (GCHK.OB) Announces Manufacturing Expansion

GreenChek Technologies Inc., a provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications, announced today after the closing bell that Tianjin Sherma in Tianjin, China has committed a 4,000 square foot facility for the manufacture of GreenChek's ERD technology. Management expects the new state-of-the art manufacturing plant to be operational in eight weeks. With a determined production capacity of 1,050 units per production line per month, GreenChek Technologies will be able to generate roughly $50.4 million dollars in annual revenue per production line, at full capacity, at current prices. Management believes that its projected sales…

MondayMar 09, 2009 11:21 am

American Oriental Bioengineering, Inc (AOB) is Thriving in Today’s Sluggish World Economy

American Oriental Bioengineering, Inc, (NYSE:AOB) announced today that its fourth quarter 2008 revenues were up a whopping 68% to $96.3 million. Net income for the same period was up 43% to $21.7 million. The good news reflects the continued demand for the company’s pharmaceutical and nutritional products in the Chinese marketplace. American Oriental, based in China, is engaged in the development and production of plant based products, both pharmaceutical and nutritional. The products are produced from the leaves and roots of various plants. In the case of PBPs (Plant Based Pharmaceuticals), they are used to treat illnesses or associated symptoms…

MondayMar 09, 2009 10:26 am

SyntheMed, Inc. (SYMD.OB) Receives FDA Approval for REPEL-CV® Adhesion Barrier for Use in Pediatric Cardiac Surgery

SyntheMed, Inc. is a biomaterials company engaged in the development and commercialization of anti-adhesion products. SyntheMed reached a major milestone when the company announced that the U.S. Food and Drug Administration (FDA) has approved the Pre-Market Approval application for REPEL-CV® Adhesion Barrier for use in pediatric cardiac surgery patients. One of the unique aspects of REPEL-CV is that it is a bioresorbable film designed to be placed over the surface of the heart at the conclusion of an open-heart surgical procedure to reduce the formation of post-operative adhesions (scar tissue). Robert P. Hickey, who serves as the President and CEO…

MondayMar 09, 2009 9:30 am

Convergence Technologies Group, Inc. (CNVC.PK) Brings Mechant Banking Services to its Clients

Convergence Technology Group, Inc. (CNVC.PK) recently announced details regarding its vision on how Bookkeeper International Equities Inc. will benefit small cap companies. Earlier this year, Convergence acquired Bookkeeper International, a private merchant banking group that specializes in corporate finance consulting services, merger and acquisition advisory services, and investor relations. Convergence believes that through the use of merchant banking and private equity, Bookkeeper International will provide a unique approach to support small cap companies trading in the U.S. capital markets. Traditionally merchant banks have been defined as a “European Financial Institution” based upon the geographic origins of the activity. The United…

MondayMar 09, 2009 8:49 am

AM Oil Resources & Technology Inc.’s (AMOR.OB) Innovative Oil Recovery Technology and Market Position Earn a Speculative Buy Rating

AM Oil Resources & Technology Inc. (AMOR.OB) shares surged 7.69 percent to 28 cents in today’s mid-morning trading, moving on last week’s analyst rating by Beacon Equity Research. Beacon analyst Victor Sula recently gave the company a Speculative Buy rating, with a 63-cent target price, highlighting the company’s Portable Steam Generator System, Portable Thermo-Gas Repressurizing System and its Deep Steam Generator technologies. AMOR’s licensed technologies equip the company with a competitive edge as it emerges as an innovator in oil production from low-producing oil wells. According to the recent Beacon report, after 30 to 40 years of pumping, up to…

MondayMar 09, 2009 7:40 am

Beacon Equity Research Featured Company: Perf Go Green Holdings Inc. (PGOG.OB)

Perf Go Green Holdings Inc., a company dedicated to funding green initiatives that promote sustainability, is a biodegradable plastics firm. They work at developing eco-friendly, non-toxic, food contact compliant, biodegradable plastic products as a solution to eliminate plastic waste from the environment. As part of the Green Revolution, they have developed a biodegradable trash bag. It consists of recycled plastics that are biodegradable. After consumers use them and have them hauled away to trash sites, the bags completely break down within 12 to 14 months. Perf Go Green markets and distributes a 13-gallon kitchen trash bag and a 30-gallon lawn…

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Month: March 2009