August 2009 - Page 8 of 33

TuesdayAug 25, 2009 9:19 am

eDOORWAYS Corp. (EDWY.PK) Provides Investor Community with Explanation of Service Platform Business Revenue Model

eDOORWAYS Corp. today explained its service platform business revenue model in anticipation of its October 1, 2009, soft launch in Austin, Texas. "There's been a good deal of talk in the media lately surrounding the idea of the new, 'free' economy, as elucidated by Chris Anderson in his book, 'Free: The Future Of A Radical Price,'" stated eDOORWAYS Chairman and CEO Gary Kimmons. "Taking the record industry as an example, many of today's top new bands -- Radiohead comes to mind -- have grown comfortable with giving away their music online for free or for a nominal fee in order…

TuesdayAug 25, 2009 9:09 am

Solanex Management, Inc. (SLNX.OB) and Geo Finance Corp. (GEFI.PK) Enter MOU to Form Joint Venture

Solanex Management Inc. and Geo Finance Corporation jointly announced today that they have signed a Memorandum of Understanding ("MOU") to form a Joint Venture. According to the terms of the MOU, Solanex will provide working capital to the Joint Venture and Geo Finance will provide its business models and full inclusion of its client lists, in addition to all sales and marketing IT of Geo Exchange renewable energy programs. According to the press release, the Joint Venture will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State…

TuesdayAug 25, 2009 8:35 am

Data Call Technologies, Inc. (DCLT.OB) Featured in Exclusive QualityStocks Interview

An audio interview with Data Call Technologies, Inc. Chairman Jim Ammons is now available at www.qualitystocks.net/videocharts.php?chartvid_id=335. During the interview, Mr. Ammons provides an overview of the company, along with the growth of the digital signage industry in recent years. Over the past few years, digital signage has been expanding into consumers’ daily lives, being featured in banks, grocery stores, and gas stations, reflecting an estimated $2-3 billion dollar industry in 22 countries worldwide. Mr. Ammons also gave his insight on the company’s competitors, incredible growth rate, as well as plans for international expansion. In the six-minute interview, Mr. Ammons stated,…

TuesdayAug 25, 2009 8:25 am

Osteologix, Inc. (OLGX.OB) Receives Positive Patent Decision for Key Osteoporosis Drug in Japan

Osteologix, Inc., a specialty biopharmaceutical company committed to improving the health of those afflicted with musculoskeletal diseases, yesterday announced that the company has been informed that a positive decision was made in Japan to grant a patent for a key osteoporosis drug. The Japan Patent Office (JPO) has issued Osteologix, Inc. a decision to grant a patent for application number 2006-504379: “Treating Cartilage/Bone Conditions with Water-Soluble Strontium Salts.” The patent is for NB S101 (strontium malonate), the company’s lead osteoporosis drug candidate. Osteologix expects that the patent will be issued by the end of 2009 with a 20-year term that…

TuesdayAug 25, 2009 8:21 am

Gen2Media Corp. (GTWO.OB) Gets 920% Boost in Online Visitors, Hits 5 Million Viewership Mark

Gen2Media Corp., a full-service digital media, technology and marketing company, today gave an update on the impressive growth and demographic of its online audience. The company announced that its video network has topped more than 5 million Internet visitors, up 920 percent from 500,000 in January of 2009. Gen2Media launched its video publishing solution in 2008, and has attracted a growing portfolio of major U.S. media and enterprise companies seeking ways to provide additional depth and quality to their online audiences. The integration of Gen2Media’s patent pending publishing platform also offers its clients leveraged advertising and enhanced online viewing. "We…

TuesdayAug 25, 2009 8:19 am

Uranium Energy Corp. (UEC) Makes Progress on Uranium Mine

Uranium Energy Corp. announced that its partner on the New Mexico Uranium mine has exercised its option to begin drilling at two areas at the site. Uram Limited has filed for exploration permits with the regulatory authorities on the Grants Ridge Uranium Project located 70 miles west of Albuquerque. Uranium Energy Corp. is targeting the Armijo and F33 zones, two areas that have produced Uranium previously. Uram Limited is obligated to pay for the exploration and development of the mines up to the completion of a feasibility study. The Grants Ridge Project is 5,620 acres in size and is targeting…

TuesdayAug 25, 2009 8:16 am

Vimicro International Corp. (VIMC) Reports Net Loss; Solid Balance Sheet

Vimicro International Corporation reported a second quarter GAAP net loss of $8.2 million, or $0.24, per American Depository Share (ADS). Each ADS represents four ordinary shares. The quarter was impacted by a onetime expense of $5.7 million in share based compensation. Although the company reported a loss in the quarter, revenue was $18.7 million, up sequentially from the first quarter and within the guidance range of $18-19 million. The company set guidance for the third quarter of $18-20 million. Dr. John Deng, the CEO of Vimicro International Corporation said, “Looking forward, we remain focused on gaining more market share in…

MondayAug 24, 2009 4:31 pm

Iteris, Inc. (ITI) Signs Contract with Los Angeles Department of Public Works

Iteris, Inc., leader in traffic management advanced technology, recently announced that it has signed a contract with the Los Angeles County Department of Public Works for the second phase of the El Segundo Advanced Traveler Information project. The contract, valued at $3.5 million, starts this month. It is expected to span a period of four years and will include deployment, operations, and maintenance. Iteris’s project aims to provide commuters who work near the Los Angeles International Airport area with up-to-the minute traffic information to ease employee commute trips. The Phase 1 project results in the deployment of a highly successful…

MondayAug 24, 2009 3:42 pm

BrainStorm Cell Therapeutics, Inc. (BCLI.OB) Receives Funding for ALS Research

Today, leading developer of adult stem cell technologies BrainStorm Cell Therapeutics Inc. announced that it has secured the necessary funding to complete pre-clinical trials for treatments of ALS (Amyotrophic Lateral Sclerosis, also known as Lou Gehrig’s disease). The funding includes a prestigious grant from the Israeli government’s Office of the Chief Scientist (OCS) as well as a private investment. CEO of BrainStorm, Rami Efrati, stated, “We are very gratified to receive these financial votes of confidence in our breakthrough stem cell technology. The new funding will enable us to complete our pre-clinical studies in ALS and meet our goal of…

MondayAug 24, 2009 12:58 pm

FormCap (FRMC.PK) Due Diligence Completed on the Frio Draw Prospect

FORMCAP CORP (PINKSHEETS:FRMC) announced today that it has completed its Due Diligence of the Frio Draw Prospect located in Curry County, New Mexico. FormCap's management team and consultants completed a thorough review of all legal, technical and geological information available on the Frio Draw Prospect. All of the mineral leases, which make up the prospect, have been properly recorded and the lease bonus payments, all of which are for a five year term, have been verified. A drill site visit was conducted, meetings were held with the Driller, Landsat Data Consultant and the Geologist responsible for generating the prospect. "We…

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Month: August 2009