September 2009 - Page 14 of 30

ThursdaySep 17, 2009 9:48 am

Mainland Resources, Inc. (MNLU.OB) & American Exploration Corp. (AEXP.OB) to Develop Mississippi Acreage

Mainland Resources Inc. and American Exploration Corp. have entered into a letter of agreement to jointly develop their contiguous oil acreage in Mississippi. Mainland Resources will commit approximately 8,500 net acres and American Exploration will commit approximately 5,000 net acres to the project. American Exploration recently announced that it has received a shale gas analysis from Schlumberger evaluating the total gas in place within the Haynesville Shale Formation on their 5,000 acres. The assessment confirmed similar reservoir attributes as other areas of the Haynesville formation and estimated gas in place of at least 300Bcf/section. This places more than 2 trillion…

ThursdaySep 17, 2009 9:41 am

Somanetics Corp. (SMTS) Reports Second Quarter Earnings

Somanetics Corp. released results for its third fiscal quarter of 2009, ending August 31, 2009. The company reported net income of $2.2 million, or $0.17 per share. This was down from the $3.0 million, or $0.23 per share, earned in the second quarter of 2008. Revenues came in at $12.5 million, about flat on a year over year basis. Somanetics Corporation reiterated its guidance for the full fiscal 2009 year as follows: Revenues - range of $50 to $52 million Gross margin – 86% Operating margin – 20% Pretax income - range of $11.2 to $11.6 million Somanetics Corporation ended…

ThursdaySep 17, 2009 9:37 am

National Health Care Partners, Inc. (NHPR.OB) Announces Agreement for Cross-Border Healthcare Program

National Healthcare Partners is the catching attention of investors and clients because it has grown into a leading provider of unique discount healthcare membership programs. Today, National Health announced that they have entered into an agreement with a major international healthcare company in furtherance of its goal of creating a cross-border healthcare program. Under this agreement, National Health will be offering the brand new CARExpress cross-border healthcare program, which is the name dubbed to the CARExpress international program. The program will be offered to people across the United States, with a particular focus on regions and cities with a large…

ThursdaySep 17, 2009 9:17 am

Bakhu Holdings Corp.’s (BKUH.OB) Merger Signals its Entry into Solar Energy; Manufacturing Agreement Set to Produce Positive Long-Term Results

Bakhu Holdings Corp. is working toward entering the green energy market through the acquisition of China-based solar manufacturer Shenzhen Xinhonglian Solar Energy Co. Ltd. (SXSE). The company yesterday officially announced its plan to merge with Shenzhen and also said it has reached an agreement with ZTE, a company pursuing a leading position in the global mobile manufacturing market. After the completion of the merger between Bakhu Holdings Corp. and SXSE, the companies will emerge as Bakhu Solar Corp. Bakhu will maintain SXSE’s strategy to manufacture a wide range of solar products for commercial and consumer applications. SXSE was created in…

ThursdaySep 17, 2009 9:09 am

Arrayit Corp. (ARYC.OB) Wins Manufacturing Contract from the Centers for Disease Control

Arrayit Corporation, a leading proprietary life science technology company focused on disease prevention and treatment, recently announced that the company won a competitive bid from the Centers for Disease Control (CDC) to manufacture devices designed to combat global bioterrorism. This contract will increase the CDC’s ability to decipher and combat bioterrorism on a global level. Arrayit Corporation, headquartered in Sunnyvale, California, offers over 650 products to a customer base of more than 2,500 laboratories worldwide. This new contract from the CDC, granted on September 11, 2009, the eighth anniversary of the World Trade Center attacks, involves Arrayit Corporation’s proprietary peptide…

ThursdaySep 17, 2009 9:08 am

CEL-SCI Corp. (CVM) Raises Capital to Fund Phase III Trials

CEL-SCI Corp (CVM) recently announced that it raised equity capital to fund further research and clinical trials of some of its drug candidates, including an anti cancer drug and one to treat swine flu. The company sold 4,285,715 shares of common stock at $1.40 per share, yielding gross proceeds of approximately $19 million. Investors who participated in the offering also received warrants to purchase additional shares at $1.50 per share. The warrants expire in two years. CEL-SCI Corp is using the funds to begin a Phase III clinical trial for Multikline, a cancer drug used to treat advanced primary head…

ThursdaySep 17, 2009 8:17 am

eDoorways Corp. (EDWY.PK) Increases Marketing Efforts; Prepares for Market Assault

eDoorways Corporation is hard at work as it prepares to unveil its first doorway, “SOLVE.” While much attention has been given to the Austin, TX launch event, the efforts of the company have gone far beyond the launch date. The company’s current marketing initiatives include reaching out to more than 2,400 chamber members via direct mail campaigns, advertising on the Chamber's website and newsletter which reaches over 10,000 local businesses and other local business networking sites, as well as individualized campaigns to over 3,000 small businesses in the Austin area and thousands of young adults within Austin's college community. eDoorways…

ThursdaySep 17, 2009 7:47 am

Muscle Flex, Inc. (MFLI.PK) to Pursue All Infringement Damages Against World Wrestling Entertainment (WWE)

Muscle Flex Inc. announced today that it will be pursuing all infringement damages against the World Wrestling Entertainment for its unauthorized use of "Raw" in Canada. Using “Raw” for more than a decade without permission, Muscle Flex has accumulated significant evidence to prove that the WWE procured the sale and distribution of "Raw" labeled products that infringed on the "In the Raw®" wares and services. Approximately seven years ago, a Cease and Desist order was issued but was ignored by the WWE as they continued to sell "Raw" branded merchandise in Canada knowing that 'In the Raw' was a registered…

WednesdaySep 16, 2009 4:11 pm

Solanex Management Inc. (SLNX.OB) Inks MOU for Oil Sand Extraction Technology

The Board of Solanex Management Inc. today announced that the company has entered into a Memorandum of Understanding (MOU) to acquire technology leasing rights for sales, marketing and distribution to both a Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction System owned by American Resource Petroleum Corporation of Utah. This move has been made to enhance the incineration / gasification component of Solanex’s business model as the company believes the raw feed products of oil sands, oil shale, coal or used tires to be an added benefit to potential customers, especially Municipal, State and Federal Governments. Government agencies throughout the…

WednesdaySep 16, 2009 4:01 pm

Wataire International Inc. (WTAR.OB) Up 233.33% Following Mention in QualityStocks Newsletter

Wataire International Inc.'s stock closed at $0.06, up $0.042 or 233.33%, on massive volume in excess of 3 million shares. As the stock near its 52-week high, the volume has spiked well above the average trading volume of 180,744 shares. Wataire is a company that focuses on generating safe drinking water from the use of atmospheric water generators. On August 17th, QualityStocks highlighted Wataire International's stock in its daily newsletter when the stock was trading for only $0.039 per share and largely ignored by the investment community. To find other gems that have been ignored by the investment community, sign…

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Month: September 2009