October 2009 - Page 30 of 34

MondayOct 05, 2009 12:55 pm

EGPI Firecreek, Inc. (EFIR.OB) Signs Letter of Intent to Acquire Signalization and Lighting Company

EGPI Firecreek Inc. today announced the signing of a letter of intent to acquire a privately-owned signalization, intelligent traffic systems and lighting company based in Florida that services the southeast United States. This Florida-based company is engaged in all facets of the Department of Transportation (DOT) construction industry. Over the last nine years, they have created and managed an experienced group of personnel that specialize in signalization, lighting, signing and intelligent traffic systems. The company also has experience working with private and public entities including many large retailers such as Wal-Mart, Lowes and Home Depot, along with several private developers,…

MondayOct 05, 2009 12:49 pm

Silver Dragon Resources, Inc. (SDRG.OB) Signs Definitive Agreement to Sell Erbahuo Mine in China

Silver Dragon Resources Inc. is a metals and mining company focused on acquiring silver mining assets around the globe that have promising exploration targets, highly-leveraged out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. Currently the company has silver mines in both Mexico and China. The company announced today that it has entered into a definitive agreement to sell its Erbahuo polymetallic project in China along with its Chinese subsidiary, Chifeng Silver Dragon Resources & Technologies Ltd., to a private Chinese investor for about $882,000. In addition, the company will receive funds from the value of the…

MondayOct 05, 2009 12:45 pm

Depomed, Inc. (DEPO) Stock Jumps After Successful Phase 3 Trial of New Drug

Depomed, Inc. stock moved up $1.25 to $5.66 in robust trading today on word of top-line results for Phase 3 clinical trials of its new drug. DM-1796 (gabapentin ER) is a newly formulated, once-daily pain relief drug for postherpetic neuralgia (PHN), a persistent condition caused by nerve damage from having shingles. The drug passed FDA’s baseline observation carried forward (BOCF) methodology, and spiked the pain reduction curve on the Lickert pain scale in a ten-week observation period. Solvay Pharmaceuticals, Inc. has been granted a license for DM-1796 in North American markets. In a statement, president and CEO of Depomed, Carl…

MondayOct 05, 2009 10:13 am

Axial Vector Energy Corp. (AXVC.PK) Chairman to Deliver Keynote Speech at the International Green Money Conference

Axial Vector Energy Corporation today announced that the company has been invited to present one of the keynote speeches at the International Green Money Conference on November 12-15, 2009 in Moura, Portugal. Mr. Samuel Higgins, AVEC Chairman, will be delivering a formal address to the worldwide delegations. According to the press release, this event is going to be the first summit that gathers the largest companies in the world that produce green products, recycling services, and sustainable processes. Environmental Networking Group and International Green Summit Inc., who have been fundamental in putting together green projects along with funding around the…

MondayOct 05, 2009 9:12 am

BancFirst Corporation (BANF) Buys Local Bank in Oklahoma

BancFirst Corporation signed an agreement to purchase First Jones Bancorporation and its banking subsidiary, First State Bank, Jones of Oklahoma. Expecting the deal to close on the last day of 2009, BancFirst Corporation did not disclose the purchase price. First Jones Bancorporation has $40 million in assets and loans of $11 million, and operates one branch in Jones, Oklahoma. The sale of First Jones Bancorporation was not a distressed sale, as the bank has a Tier 1 risk-based capital ratio of 25% and net interest income of $1.283 million in 2008. The purchase appears to be an attempt to gain…

MondayOct 05, 2009 9:09 am

Premier Alliance Group, Inc. (PIMO.OB) Purchases PeopleSource, Inc. Assets

Friday, business and technology consulting firm, Premier Alliance Group, Inc., announced that it recently purchased assets of PeopleSource, Inc., a privately held technology staffing and consulting company. The deal follows an Asset Purchase Agreement dated September 18, 2009. Premier Alliance Group will acquire substantially all of PeopleSource’s assets for $500,000, comprising shares of Premier's restricted common stock and cash payouts. The transaction closed on October 1, 2009. PeopleSource, Inc. is a longstanding reputable service provider with strengths in technology services. The company’s assets include customer contracts and industry relationships. Last year, PeopleSource, Inc. reported approximately three million dollars in annual…

MondayOct 05, 2009 9:08 am

Biostar Pharmaceuticals, Inc. (BSPM.OB) Receives Patent for Aoxing Ganbao

Biostar Pharmaceuticals, Inc., a developer, manufacturer and marketer of pharmaceutical and medical nutrient products for a variety of diseases and conditions in China, recently announced that the company has received a patent from China’s State Intellectual Property Bureau (patent number 551073) for its Aoxing Ganbao product, a traditional Chinese herbal product to treat Hepatitis B. Used as a complementary treatment for the company’s flagship Xin Aoxing Oleanolic Acid Capsule, Ganbao is applied topically to effectively combat Hepatitis B conditions by nourishing the liver and reducing inflammation without side effects. The retail price of Aoxing Ganbao is $20 with a gross…

MondayOct 05, 2009 9:06 am

Pro-Fac Cooperative, Inc. (PFACP) Declares Dividend on Preferred Stock

Pro-Fac Cooperative, Inc. (PFACP) recently declared a $0.20 dividend to holders of its Cumulative Preferred Class A stock. The date of record is October 15, 2009 and the dividend will be payable on November 2, 2009. Pro-Fac Cooperative, Inc. is an agricultural cooperative that grows fruits and vegetables to supply to major food companies in the U.S. Some of its crops include cherries, apples, blueberries, beets, peaches, beans, peas, sweet corn, carrots, potatoes, cabbage, squash, asparagus, and popcorn. Pro-Fac Cooperative, Inc. has a ten-year supply agreement with Birds Eye Foods, and has a minority ownership in that company. The cooperative…

MondayOct 05, 2009 8:04 am

Advanced Visual Systems, Inc. (AVSC.PK) Adds Hardware Products and Expanded Software Services

Advanced Visual Systems Inc. today announced that it will begin offering a comprehensive lineup of computing hardware and related services to its enterprise and institutional clientele through a reseller relationship with Arrow Electronics, Inc., a supply channel partner for approximately 800 suppliers including Cisco, EMC, NetApp, HP, IBM, Sun, Oracle and other leading lines. With this Arrow reseller arrangement in place, AVS has the capability to offer its worldwide customer base highly competitive pricing on technology products that support any data warehouse or data storage specification within the Enterprise or High Performance Computing sector. David M. Murray, President of AVS,…

MondayOct 05, 2009 7:59 am

eDoorways Corp. (EDWY.PK) Announces Filing of 10K Audit

eDoorways Corporation, a web-based consumer problem solving gateway, lifestyle information source, and online business-to-consumer marketplace, announced today that it has successfully filed its 2008 10K Audit. With the unveiling of "SOLVE" and the 10K filed, eDooorways is now closer than ever to completing the phases of its soft launch as well as moving to a greater exchange, such as the OTCBB or NASDAQ-SC. The company is now maintaining its focus on the remaining quarterly filings. Mr. Dan Bensimon, eDoorways' Senior Financial & Accounting Specialist, stated, "While it certainly took longer than even I estimated to complete the company's audit, the…

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Month: October 2009