July 2009 - Page 3 of 30

ThursdayJul 30, 2009 10:22 am

Savoy Energy Corp.’s (SNVP.OB) Recent Board Member Additions

Savoy Energy Corporation, an independent oil and gas company based in Houston, recently announced three new appointments to its Board of Directors. All have extensive experience in their individual fields, and are scheduled to fill the positions until the next regularly scheduled shareholder meeting, at which time they can be voted on by voting shareholders. • William F. Howell has 47 years of oil and gas experience, both onshore and offshore, and has worked as a geologist in Oklahoma, Texas, the Gulf of Mexico, and overseas in Libya. He began his career as an exploration geologist at Continental Oil Company…

ThursdayJul 30, 2009 10:13 am

Sinovac Biotech. Ltd. (SVA) Begins H1N1 testing program in China, Enters into Agreement with Philippine Distributor

Some products provide solutions to global issues. These products are often more a need rather than a want. Being able to capitalize on this unfortunate reality is the key. Of course management needs to be cognizant of the moral questions that go along with these types of products, but the opportunity to make some revenue while benefitting the world population can be justified in the course of normal events. Currently there are two issues that might fit into this type of mold, global warming and the H1N1 flu pandemic. Sinovac Biotech. Ltd., a biotechnology company, works to develop, manufacture and…

ThursdayJul 30, 2009 10:07 am

First Chester County Corp. (FCEC.OB) Announces Profitable Results for Second Quarter

First Chester County Corporation this morning announced its financial results for the second quarter ended June 30, 2009. Net income totaled $2.2 million, a respectable increase of 22% compared to $1.8 million in the second quarter of 2008. Diluted earnings per share for the quarter were $0.36, a slight rise from the $0.35 per diluted share reported for the second quarter of 2008. Average diluted shares outstanding increased 1.0 million to 6.3 million due to the shares issued in connection the acquisition of American Home Bank (AHB). John A. Featherman, III, Chairman and CEO of First Chester County Corporation, stated,…

ThursdayJul 30, 2009 9:25 am

Lake Victoria Mining Company, Inc. (LVCA.OB) Future Subsidiary to Acquire Licenses in Tanzania’s “Gold Rush”

Today, Lake Victoria Mining Company, Inc. told investors that Kilimanjaro Mining Company Inc. has entered into a Mineral Properties Sale and Purchase Agreement (MPSP) to acquire up to 100% of fifty Primary Mining Licenses (PMLs) in the Singida "gold rush" district, Tanzania. Earlier this month, Lake Victoria Mining Company, Inc. and Kilimanjaro entered into a definitive share exchange agreement. Dependent on the final closing, Kilimanjaro will become a 100% wholly owned subsidiary company of Lake Victoria. During a visit in May 2009, Kilimanjaro's president Heidi Kalenuik commented, "We already have a huge gold footprint in Tanzania, holding nine separate gold…

ThursdayJul 30, 2009 8:04 am

Petroleum Development Corp. (PETD) Bulks Up in the Marcellus Shale

Petroleum Development Corp. is an oil and gas exploration and production company headquartered in Colorado. The company operates in four segments: Oil and Gas Sales, Drilling and Development, Well Operations and Natural Gas Marketing through its Riley Natural Gas subsidiary. The company’s most attractive asset on the exploration and production side of its business is its undeveloped acreage in the Marcellus Shale in Appalachia. This unconventional shale gas play has attracted the attention of the industry over the last year. Petroleum Development Corp. has 52,900 acres of land under net lease that are prospective for the Marcellus Shale in both…

ThursdayJul 30, 2009 8:02 am

Early Detection of Universal Detection Technology (UNDT.OB) Can Be Prosperous

The awareness of defending our country after the Anthrax scare and 9/11 pushed companies into action to develop better early warning control systems. With the advantage of technology constantly improving, this gave researchers the edge to cover a wide range of threats. From biological and chemical attacks, to tracking the movements of bomb making equipment and their ingredients, the US government and private industries are constantly searching for the best that companies have to offer. The development of early warning detection systems for our country is now in high demand and will be far into the future. Society within the…

ThursdayJul 30, 2009 7:46 am

AlumiFuel Power Corp. (AFPW.OB) Operating Subsidiary AlumiFuel Power, Inc. Moves into New Laboratory Facility in Philadelphia Science Center

AlumiFuel Power Corp., an alternative energy company that generates hydrogen gas and superheated steam for multiple applications, recently announced that the company’s wholly owned operating subsidiary, AlumiFuel Power, Inc., has moved from its small incubator laboratory in the Philadelphia Science Center into a larger laboratory space in a new building in the Science Center complex. AlumiFuel Power, Inc., an early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources, will benefit from a four-fold increase in laboratory space, allowing the company to be better postured to meet the growing…

WednesdayJul 29, 2009 4:00 pm

Solar Energy Initiatives Inc. (SNRY.OB) Secures Contract to Develop the Largest Non-utility Solar Park

Solar Energy Initiatives Inc. today announced it has inked a contract for the design, construction and operation of a 300-megawatt solar park in west Texas. The agreement is in line with a grass roots campaign, “Renew the Nation,” which was put in play to supply employment in the U.S., as well as to reduce the global dependence on fossil fuels. The company will sell solar thermal and photovoltaic (PV) technologies to a Limited Liability Company that will be formed to own, finance and operate the solar park. According to the press release, the dimensions of the project signify Solar Energy’s…

WednesdayJul 29, 2009 1:15 pm

Auxilio Inc. (AUXO.OB‏) is “One to Watch”

Headquartered in Mission Viejo, California, and trading on the OTCBB, Auxilio Inc. provides outsourced document management services to the healthcare industry. Founded in California in 2001, the company also has operations in Philadelphia, Pennsylvania, as well as San Francisco, California. Auxilio Inc. owns technology, systems, and methodologies that form the basis of their intellectual property platform. They use this platform to improve hospitals' document production and workflow processes. This significantly lowers hospitals' total cost of ownership. Auxilio Inc. works to invent, develop, and improve systems for managing document activity in hospitals. Their goal is to translate these systems into value…

WednesdayJul 29, 2009 1:12 pm

Dana Resources (DANR.OB) Acquires Advanced Stage Gold Deposit in Peru

US-based precious metals exploration and development company Dana Resources excitedly announced that it has acquired the Collota Gold Deposit in Peru. The Collota Gold Project is located in Northern Peru on the eastern side of the Cordillera Negra, (Black Range Mountains). It is 45km south of the city of Huarez. Elevation ranges from 4,100m to 4,600m. The Collota Gold Deposit is defined by 83 drill holes completed by Buenaventura Mining for a total of 5,500 meters of reverse circulation and diamond core drilling, identifying an initial gold deposit in 281.7 acres. Drilling has indicated attributable resources of 112 million tonnes,…

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Month: July 2009