July 2009 - Page 12 of 30

TuesdayJul 21, 2009 2:48 pm

First Capital Bancorp, Inc. (FCVA) Sees Problem Loans Decrease in Most Recent Quarter

First Capital Bancorp, Inc. reported its second quarter earnings for the period ending June 30, 2009. The bank reported a net loss of $731,000, or $0.29 per diluted share, compared to net income of $0.13 per share in the same quarter in 2008. John Presley, the CEO of First Capital Bancorp, Inc. said, "While we are encouraged by positive trends in net interest income, decreased funding cost and reductions in nonperforming assets and delinquencies, we continue to be cautious in our view of the economy and the effects on the portfolio." The bank said that the loss relative to the…

TuesdayJul 21, 2009 11:59 am

Solonex Management, Inc. (SLNX.OB) Developing Steam Product to Recover Oil

Solonex Management Inc. is engaged in developing, manufacturing, marketing and selling alternative, renewable and waste energy technologies. The company is focused on two products currently – the Thermal Destructor and the Steam Injection System. The company's Thermal Destructor is a self contained soil residue combustion system designed to clean contaminated sites by sterilizing the soil. The device consists of a high-efficiency, waste or gas-fired combustion chamber and a new generation scrubber which traps pollutants in air emissions. Applications would include cleaning hydrocarbon spills at the end of the life of a producing well. Solonex's Steam Injection System is a derivative…

TuesdayJul 21, 2009 10:56 am

Suspect Detection Systems, Inc. (SDSS.OB) Gets Inside The Terrorist Mind

Suspect Detection Systems, Inc. is becoming known around the world for its development of a ground breaking security system that can do what no other security product on the market can do, get inside the mind of a terrorist or criminal. Using the most sophisticated combination of software and hardware available, coupled with years of hard-won field experience, the Israeli company has managed to create a way to identify unique thought processes that can be used as markers for criminal intent. The approach has decided advantages over methods, such as trying to detect weapons or identify outwardly suspicious behavior, because…

TuesdayJul 21, 2009 10:52 am

China Voice Holding Corp. (CHVC.PK) Subsidiary Signs Agreement with China Unicom Ltd.

China Voice Holding Corporation announced last week that their subsidiary, Beijing CandidSoft Technology Co. Ltd., has signed an agreement with China Unicom Ltd. to private label its patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application. The revenue sharing agreement provides for installation and support of the company's current Chinese Government and large enterprise customer contracts in the Guangxi Province. This 9 year agreement will operate simultaneously with CandidSoft's previously announced agreement with China Netcom. China Voice Holding Corp. is a publicly-traded holding company in South Florida with a portfolio of next-generation communications products and services doing business in…

TuesdayJul 21, 2009 10:19 am

IncrediMail Ltd. (MAIL) Forecasts $26 Million in Revenues as Performance Exceeds Expectations

IncrediMail Ltd., an Internet company developing customized, downloadable graphic consumer applications, today increased its guidance for the current year. The company now anticipates 2009 revenues will exceed $26 million, and operating income will exceed $9 million. To compare, 2008 revenues were $21.9 million and operating income totaled $0.2 million. According to the press release, the higher expectations are fueled by the continued growth in search generated revenues. IncrediMail believes that this expected growth, together with the improved cost structure, will result in a larger bottom-line as well. Mr. Ofer Adler, Chief Executive Officer of IncrediMail, commented, “The first quarter results…

TuesdayJul 21, 2009 10:12 am

Bond Laboratories, Inc. (BNLB.OB) Announces Addition of Missouri Distributor

Bond Laboratories, Inc., a leading manufacturer and marketer of proprietary health supplements and beverage products, announced the addition of River Eagle Distributing to its Fusion Premium Energy products distribution network. River Eagle Distributing delivers to over 4,000 accounts throughout the Southeast Missouri region and will be working in coordination with three additional distributors to service customers in 19 counties. “This is a great example of the momentum we are building with the Fusion Premium Energy brand. The quality of distributors we are attracting is very exciting,” stated John Wilson, President of Bond Laboratories’ Fusion Premium Energy division. “The agreement with…

TuesdayJul 21, 2009 8:42 am

Carbon Sciences Inc. (CABN.OB) Captures Carbon… Literally

In order for a breakthrough to take place, many things need to come into play first. Forward thinking, ingenuity, an almost unimaginable amount of compiled research and the technology assisting in making it all happen are just some. The advancements our society have made over the years with renewable energy, solar, wind and water power alone have greatly reduced our emissions. When each one of these things was introduced, they were considered “breakthroughs”. As each one was introduced to the world, nothing like it at the time had ever been done before. It was a leap forward. But what about…

TuesdayJul 21, 2009 8:31 am

Gala-Net’s gPotato Gaming Portal Joins Socialwise, Inc.’s (SCLW.OB) Roster of Online Gaming Partners

Socialwise, Inc., a leader in the thriving free-to-play online games in the western market, recently announced that the company has partnered with Gala-Net, Inc. to offer the BillMyParents payment system as a payment option on the gPotato gaming portal. BillMyParents, a unique youth payment system, allows teens to shop online without a credit card and gives parents the ability to easily track and control their teen’s spending. This new partnership with gPotato will add six online game titles and approximately five million registered users, giving Socialwise the ability to provide payment services to more than 20 million registered gamers. In…

TuesdayJul 21, 2009 8:29 am

Consorteum Holdings, Inc. (CSRH.OB) Launches My Golf Rewards Program Targeting 26 Million Golfers

Consorteum Holdings, Inc. announced today that My Golf Rewards Canada Inc., the company’s majority owned subsidiary, will immediately implement its loyalty and rewards program with the North American golf industry. Following extensive testing, development, and planning, My Golf Rewards has commenced the initial commercial deployment of its loyalty and rewards program into the golf industry across Ontario, Canada. Over the coming year, the program will be further expanded throughout the United States and the rest of Canada. Quent Rickerby, President & COO of Consorteum Holdings, Inc., stated, “The My Golf Rewards program is the culmination of several years of planning…

TuesdayJul 21, 2009 8:19 am

Sector 10, Inc. (SECI.OB) Launches Development Program Targeted at Major U.S. Cities

Sector 10, Inc. announced this morning that it is implementing a PILOT PLX-3D deployment program with major U.S. Cities to help communities across the nation better prepare and meet the new 2009 Fire and Life Safety Codes. Recently completing the development stage, Sector 10, Inc.’s products are designed to prepare and address people’s needs immediately following any incident or catastrophe. The company’s solutions and processes bridge the private and public sector gap like no other, providing assistance to those affected in an emergency immediately after an incident has occurred. Sector 10 significantly improves the typical 72 to 96 hour response…

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Month: July 2009