July 2009 - Page 7 of 30

MondayJul 27, 2009 8:50 am

Omnicity Corp. (OMCY.OB) Announces Another Acquisition

Omnicity Corp., one of the largest fixed Wireless Internet Service Providers (WISP) in the U.S., today announced that it has acquired the subscribers and network infrastructure of Rushville, Indiana based Rushville Internet Services, LLC. The company believes this acquisition will serve as a springboard for expanding service into southern Indiana. Greg Jarman, CEO of Omnicity, stated, "Acquiring Rushville Internet was strategically very important to us. By acquiring the assets of this company we pick up 450 customers and control of 10 important access points along the southern edge of our network. In addition to the top line revenue growth, it…

MondayJul 27, 2009 8:28 am

Axial Vector Energy Corp. (AXVC.PK) Provides Shareholder Update

Earlier this month, Axial Energy Corp.'s President and CEO issued the following update to shareholders: Dear Shareholders, On Wednesday, June 24th, our new financial advisors Global Operations, LLC purchased the remaining AVEC shares owned by Emirates International Capital Advisory (EICA). They have made this investment for investment purposes only and we are pleased by this positive development even while they are in the early stages of our long term strategic plan. We anticipate announcing key elements of the company’s licensing and profitability structure during our presentation July 14th in Virginia Beach, Virginia. We have been informed by EICA that their…

MondayJul 27, 2009 7:43 am

Rotoblock Corp. (RTBC) is “One to Watch”

America is not the only country feeling the onslaught of the economic crunch. Recession and hardship is reverberating on a global scale. International business has slowed a bit since this all began. Countries are experiencing the same issues we are. They a milling out plans too, but no one really knows what the future holds. It really comes down to filling communication gaps that were almost nonexistent regarding the economy. Everyone was caught up in the party and now that the music stopped playing and the people stopped dancing, it’s time to clean up the mess we left before our…

MondayJul 27, 2009 7:40 am

CytRx Corp. (CYTR) Awarded Positive Opinion from European Medicines Agency for Leukemia Drug Candidate

CytRx Corp. is a biopharmaceutical research and development company focused on the development of high-value human therapeutics. Its current development pipeline includes programs in clinical development for cancer indications, including its lead drug candidate tamibarotene, for the treatment of acute promyelocytic leukemia (APL). The company today announced that tamibarotene has received an official positive opinion from the Committee for Orphan Medicinal Products (COMP) of the European Medicines Agency. The opinion now sits before the European Union (EU) commission for final approval and publication in the community register. The company has already secured Orphan Drug Designation for APL and Fast Track…

MondayJul 27, 2009 7:38 am

MacroSolve, Inc. (MCVE.OB) Closes on Initial Round of $2.2 Million Financing

MacroSolve, Inc., the parent company of Anyware Mobile Solutions and a pioneer in delivering mobile solutions to businesses, recently announced that the company has completed the initial closing on the issuance of up to $2.2 million in convertible debentures. Effective July 20, 2009, the initial closing will consist of the issuance of $850,000 of the convertible debentures with the remainder to be issued on a monthly schedule from September 2009 through November 2009 and February 2010 through September 2010. The convertible debentures mature on July 31, 2014 and may be converted into MacroSolve’s common stock. Focusing on delivering innovative strategies…

FridayJul 24, 2009 4:40 pm

eDOORWAYS Corp. (EDWY.PK) Updates Investor Community Concerning Pre-Launch Presentation

eDOORWAYS Corporation today told investors that the SEC Counsel for the web-based Consumer 3.0 gateway has advised that the company's goal of protecting its proprietary platform technology while providing shareholders with a pre-launch walk-through might be in conflict with the U.S. Securities and Exchange Commission's ruling regarding selective disclosure and insider trading. The rule was established “to promote the full and fair disclosure of information by issuers and to clarify, and enhance existing prohibitions against insider trading." eDOORWAYS had been strongly advised to reevaluate the planned walkthrough if the company is to remain compliant and protect its shareholders. In response,…

FridayJul 24, 2009 3:59 pm

Kraig Biocraft Laboratories, Inc. (KBLB.OB) Part of Hot Venture Industry

Kraig Biocraft Laboratories, Inc., the Michigan-based research group best known for its innovative research in genetic engineering for the production of spider silk, is representative of what some are saying will be the 21st century’s most important scientific and industrial movement, biotechnology. Reflecting this is the fact that biotechnology, loosely defined as the application of advanced microbiological sciences for industrial or health objectives, is still the darling of venture capitalists. According to a Reuters article by David Lawsky, “Biotechnology leapt ahead as the biggest recipient of U.S. venture capital money in the second quarter”, indicating that “the venture capital industry…

FridayJul 24, 2009 3:55 pm

Gouverneur Bancorp (GOVB) Results Not Affected By Recession

Gouverneur Bancorp reported a net profit of $314,000, or $0.14 per share, in the second quarter of 2009. This was a strong increase from the $0.10 per share reported in the same quarter of 2008. The bank had $141.4 million in total assets as of 6/30/2009, and non-performing assets as a percent of total assets are at a low 0.92%. Gouverneur Bancorp also announced that it was instituting a stock repurchase program since its stock price was trading at a significant discount to its book value of $9.45 per share at the end of the quarter. Mr. Richard F. Bennett,…

FridayJul 24, 2009 3:42 pm

Novagen Solar Inc. (NOVZ) is “One to Watch”

Novagen Solar Inc. is a development stage company that trades on NASDAQ's OTCBB. The company engages in the marketing, sale, and distribution of a variety of innovative photovoltaic products. These products are for use in a wide range of commercial, industrial and residential solar power generation systems. Novagen Solar Inc. has their headquarters in Toronto, Ontario. Photovoltaic (PV) systems find use in industrial, commercial, and residential applications to convert sunlight directly into electricity. Higher global energy prices, increased environmental awareness, and the desire for energy security are accelerating the adoption of solar power. Governments worldwide have implemented various tariffs, tax…

FridayJul 24, 2009 11:10 am

Nordic Turbines Inc. (NDTI.OB) GC Nordic Merger Swiftly Underway

Nordic Turbines Inc. announced that the proposed merger with wind turbine manufacturer GC Nordic is steadily moving ahead as planned. As part of the acquisition announced in May, a second secured loan in the amount of $2,500,000 USD has been sent to GC Nordic, bringing the total secured loan amount to $3.5 million USD. The loans will cover inventory acquisitions further to the completion and delivery of a large turbine order currently under contract. Upon completion and acceptance by both parties, the proposed definitive agreement will result in a merger between Nordic Turbines and GC Nordic. Subsequently, the shareholders of…

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Month: July 2009