September 2009 - Page 5 of 30

MondaySep 28, 2009 10:13 am

Pacific Biometrics, Inc. (PBME.OB) Announces Record Financial Results for FY2009

Pacific Biometrics, Inc. today reported to investors its operating results for FY2009. For the twelve months ended June 30, 2009 (FY2009), the company generated a record $10,881,107 in revenues, a 32% increase compared to a year earlier. Operating income improved to $613,430, compared with an operating loss of $566,026. FY2009 net income totaled $1,235,947, or $0.07 per basic and $0.06 per diluted share, compared with a FY2008 net loss of $571,429, or $0.03 per share. "While the nature of our business is subject to numerous uncertainties surrounding the ongoing consolidation within the pharmaceutical industry, the availability of capital for biotech…

MondaySep 28, 2009 10:07 am

Vision Industries Corp. (VIIC.OB) Announces Distribution Agreement with Two New Companies

Vision Industries Corp., producers of the zero emission plug-in electric/hydrogen fuel cell Tyrano™ truck, announced this morning that it has entered into a distribution agreement with Los Angeles Freightliner and Velocity Vehicle Group. Los Angeles Freightliner has agreed to be an authorized dealer of the Tyrano™ truck within the territory described as Southern California, and Los Angeles Freightliner will administer all product warranties, services and repairs programs. Brad Fauvre, President of Los Angeles Freightliner stated, “We would like to commend Vision on its hydrogen hybrid truck and their commitment to the use of the cleanest available alternative fuel trucks to…

MondaySep 28, 2009 10:03 am

Micromem Technologies, Inc. (MMTIF.OB) Enters Breast Cancer Detection Market

Micromem Technologies Inc. is a leader in magnetic random access memory (MRAM) technology for use in aerospace/defense, sensors and RFID applications. The company and its wholly-owned subsidiary, Micromem Applied Sensor Technologies Inc. (MAST Inc.), has received an initial purchase order for its sensors from Life Medical Technologies Inc. Upon completion, the order will total $30 million. Micromem anticipates delivery to begin in 2009 with the bulk expected in 2010, in accordance with fulfilling Life Medical Technologies' client orders. The initial terms of the purchase order are a request for up to 10 million units and MAST to complete a design,…

MondaySep 28, 2009 8:44 am

Cepheid (CPHD) Announces FDA-Clearance for Global Marketing of Blood Clot Test

Cepheid, a diagnostics company focused on the biothreat market, last week made a joint announcement with Instrumentation Laboratory (IL), a worldwide developer, manufacturer and distributor of vitro-diagnostics instruments, reporting that Cepheid has received clearance from the U.S. Food & Drug Administration (FDA) to market its Xpert(R) HemosIL(R) FII & FV test. According to the Centers for Disease Control and Prevention (CDCP), between 300,000 and 600,000 people have deep-vein thrombosis, or blood clots; additionally, 5 percent to 8 percent of people have thrombophilia, a condition leading to increased risk of thrombosis. Cepheid’s Xpert HemosIL FII and FB test detects thrombophilia, delivering…

MondaySep 28, 2009 8:40 am

ERF Wireless (ERFW.OB) Obtains FCC Approval

ERF Wireless, a leading provider of enterprise-class wireless broadband products and services, announced Friday that the company obtained FCC approval for 90 WiMAX 3.65-GHz transmission locations. These locations will provide broadband coverage for strategic domestic oil and natural gas development and production areas. These areas were targeted by ERF Wireless to enhance their technology, development, and growth within this sector. Specifically, this new technology is poised to make broadband services available to almost 30,000 square miles of additional energy exploration and production geography. Mr. Mike Jones, CTO of ERF Wireless, stated, “We are excited about this deployment of WiMAX technology.…

MondaySep 28, 2009 8:38 am

Versa Card, Inc. (IGLB.OB) Provides Update for Its Spine Treatment Centers

Versa Card, Inc., a developmental stage spinal solutions company doing business as “Spine Pain Management, Inc.,” recently announced that the company has opened its first spine treatment center in Houston, Texas. Omar Vidal, M.D., a fellowship-trained pain management doctor and independent contractor for the company, has initiated treatment protocols for spinal injuries resulting from automobile and work-related accidents. Dr. Vidal has serviced a number of patients, reflecting the need for spinal services in the Houston area. In the first 30 days, Dr. Vidal performed more than 25 spine procedures and the company anticipates that the number of patients treated and…

MondaySep 28, 2009 8:37 am

China Jo-Jo Drugstores (CJJD.OB) Changes Corporate Name and Completes Reverse Acquisition

In a move that will catch investors’ eyes across the globe, China Jo-Jo Drugstores Inc. announced a reverse merger transaction with Renovation Investment Company. The deal with Renovation, which is a Hong Kong Company, was announced on September 17th and will allow China Jo-Jo to acquire control of Renovation’s retail pharmacy chain business in the People’s Republic of China. Currently, the pharmacy operates 20 stores throughout the provincial capital of the Zhejian Province with its most recent addition opening only last week. The pharmacy chain generated an impressive $6.8 million of net income and over $44.8 million of revenue in…

MondaySep 28, 2009 8:24 am

Muscle Flex, Inc. (MFLI.PK) Founder & CEO Featured in Online Radio Interview With SmallCapVoice

Muscle Flex Inc. announced today that Founder & CEO, Danny Alex, has been interviewed by online radio host Stuart Smith of SmallCapVoice.com, participating in a detailed, one on one question and answer session about Muscle Flex Inc. The interview can be heard at the Muscle Flex® main corporate website at www.MuscleFlexInc.com or at the following link: http://smallcapvoice.com/blog/9-25-09-audio-interview-with-muscle-flex-inc-otcpk-mfli During the 15 minute interview, Muscle Flex CEO Danny Alex detailed the company's business plan, focus and overall corporate strategy. The comprehensive and detailed interview provides specific and genuine insight into the corporate philosophy and strategy of Muscle Flex Inc. Let us hear…

MondaySep 28, 2009 8:13 am

Advanced Visual Systems, Inc.’s (AVSC.PK) OpenViz Adds Powerful Functionality to Business Intelligence Dashboards

Advanced Visual Systems Inc.’s data visualization software system, Openviz, is being used by leading global corporations and software makers to provide executives with up-to-the-minute performance metrics in corporate dashboards. With the ability to provide easy-to-understand snapshots of many different business measures and enable early detection of sub-par performance, dashboards continue to gain popularity among corporate decision-makers. Providing highly interactive graphics software to display these measures, AVS has been the technology provider and solution designer for distinguished implementations at Fortune 500 companies. OpenViz is capable of processing extremely large datasets — frequently in the tens of millions of data points —…

FridaySep 25, 2009 2:12 pm

Micro Imaging Technology, Inc. (MMTC.OB) is “One to Watch”

Trading on the OTCBB, Micro Imaging Technology, Inc. is a company who aims to become a global leader in developing, supporting, and marketing rapid systems and processes that detect and identify microbial organisms. Headquartered in San Clemente, California, they have developed and patented a technology for rapid microbe identification (ID). The Company's technology is a non-biological identification process that is extremely fast, easy to use, and does not rely on conventional chemical or biological processing, fluorescent tags, gas chromatography, or DNA analysis. Micro Imaging Technology, Inc.'s technology is the MIT 1000 System (System). The System ID process is totally “Green",…

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Month: September 2009