April 2009 - Page 9 of 24

TuesdayApr 21, 2009 6:03 am

TurboSonic Technologies, Inc. (TSTA.OB) Announces Receipt of $2.3 Million Order for Clean Air Technology

TurboSonic Technologies, Inc., a leading provider of clean air technologies, announced that it has received a US $2.3 million order from a European refinery. The refinery will utilize TurboSonic's technology to control particulate emissions, facilitating the production of low-sulfur fuels in response to environmental legislation. TurboSonic anticipates that the delivery will be made in its 2010 fiscal year. Edward Spink, TurboSonic CEO, noted, "We have had tremendous success with our international marketing efforts. For the third time this fiscal year, TurboSonic's clean air technology has been selected for emissions control by a European oil refinery. We are very encouraged to…

TuesdayApr 21, 2009 5:55 am

Propalms, Inc. (PRPM.OB) Enters Distribution Agreement with Round Robin Tech Services (P) Ltd.

Propalms, Inc. was pleased to announce earlier today that it has signed a distribution agreement with Round Robin Tech Services (P) Ltd to promote and distribute the Propalms product line in India. The company believes that Round Robin is a perfect partner to help promote its products to the Indian marketplace. "We are pleased to have this new partnership with Round Robin. We feel that our TSE 6.0 and VPN Software solutions will compliment their current product offerings, and we look forward to working with them to help us gain a stronger foothold in the growing Indian market," commented Owen…

TuesdayApr 21, 2009 5:52 am

GelTech Solutions, Inc. (GLTC.OB) Reports Record Quarterly Revenues

GelTech Solutions, Inc. announced today that it has generated record quarterly revenues for the third fiscal quarter ended March 31, 2009. According to the press release, the company’s FireIce and RootGel products accounted for $202,549 and $85,699 of the revenue, respectively, representing total quarterly revenues of $288,248. On a sequential quarter-to-quarter, FireIce and RootGel revenues were up 32,051% and 295% respectively. Michael Cordani, CEO of GelTech Solutions, commented, "We are excited to announce our record growth in revenues. The enormous efforts of our GelTech team are beginning to bear fruit. Based on previously announced agreements, in addition to other potential…

TuesdayApr 21, 2009 5:13 am

Historic Stimulus Strives to Spur Economy

In an attempt to address the nation’s ongoing economic challenges, Congress has passed and the president has signed the American Recovery and Reinvestment Act of 2009. The $787 billion package is remarkable not only in its scale and scope but in the speed of its passage as well. The bill combines $282 billion in tax relief with more than $500 billion in government spending that ranges from meeting basic human needs to investments in infrastructure and scientific research. The resulting increase in the federal budget deficit is expected to equal about 2.5% of gross domestic product for two years in…

TuesdayApr 21, 2009 4:24 am

Amiworld, Inc. (AMWO.OB) Growing Green

Amiworld, Inc., an international energy company engaged in the production and distribution of alternative and traditional energy products and services, has reported financial results for its fiscal year ended December 31, 2008, which was the company's first full year of operations. The company has a state-of-the-art biodiesel plant and petroleum refinery, and distribution facilities in Colombia, South America. They are branching out with diversified products and services including biodiesel, petroleum diesel, international oil trading and the shipping of oil and fuel products with an initial principal focus on economies in South America. It is worth noting that Amiworld is also…

TuesdayApr 21, 2009 4:20 am

Stratos Renewables Corp. (SRNW.OB) Elects Investment Banking Veteran, Leonard Brooks, to Board of Directors

Stratos Renewables Corporation, an emerging agro-energy company focused on developing a sugarcane ethanol project in South America, announced this morning that Leonard Brooks has been elected to the company's Board of Directors. Leonard Brooks, a senior investment banking professional with more than 20 years of investment banking experience, founded and ran a number of investment banking initiatives at prominent firms including most recently the Private Equity Finance Group at Goldman Sachs, and the Private Equity Placement Group at UBS. He graduated with an MBA from the Fuqua School of Business at Duke University and has been a member of the…

MondayApr 20, 2009 3:28 pm

April 20th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, AEN, CBAI, CNLG, CVM, FMTI, ICLK, IWEB, MNDL, PLKH, SVUL, URGP Cautious optimism seemed to be the theme on Wall St this week, as markets managed to nudge into positive territory for the sixth straight week following a slew of better than expected reports from the financial sector. All told, the Dow ended up 0.6% on the week, gaining 48 points to close at 8131, narrowing its YTD loss to 7.3%. The Nasdaq recorded a gain of 1.2% to close at 1673, up 6.1% on the year, while the S&P 500…

MondayApr 20, 2009 1:22 pm

Endeavor Explorations Inc. (EAVR.OB) Commences Phase 1 Exploration Program on its Don Lake Uranium Deposit

Endeavor Explorations announced today after the closing bell that it is making an application for winter drilling permits to start its Phase 1 Uranium Exploration program. The first phase will consist of up to 9 holes or approximately 600 meters covering a surface area of approximately 103 hectares to a planned depth of about 65 metres. The drilling program is intended to expand on and confirm historical near surface drilling programs and uranium results by previous operators during the late 1960's. Additionally, the press release stated that the company’s management team is actively seeking equity investment and/or joint venture opportunities…

MondayApr 20, 2009 12:54 pm

MiMedx Group, Inc. (MDXG.OB) is “One to Watch”

MiMedx Group, Inc. is currently developing biomaterial-based products for use in the musculoskeletal specialties. They believe biomaterials are capable of addressing a broad spectrum of acute and chronic diseases and disorders. The Company is developing a product portfolio consisting of competitive and unique solutions for surgeons and their patients. The Company presently has two subsidiaries with operations in Tampa, Florida and Marietta, Georgia. The MiMedx Group business strategy is to identify, acquire, reduce-to-practice, and commercialize innovative medical products and technologies, as well as novel medical instrumentation and surgical techniques. They are part of the Medical Appliances & Equipment industry in…

MondayApr 20, 2009 10:35 am

Early Return to OTCBB May Have Been a Contributing Factor in eDOORWAYS Corp. (EDWY.PK) Late Filing, but Recent Events Continue to Substantiate the Company’s Relevance and Future

eDOORWAYS shareholders are more likely to be surprised by the release issued by the Financial News USA, "Consumer 3.0", on April 15th, 2009 rather than the "E" the company begrudgingly added to its symbol today. "We warned shareholders of the possibility of our being late on the current filings shortly after renewing the company's OTCBB status," says Gary Kimmons, Chairman and CEO of eDOORWAYS Corporation. "But what we didn't expect was for this article to so eloquently capture the essence of our service offering." Those close to the company contend that the delay on the filings is an ironic twist…

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Month: April 2009