December 2009 - Page 10 of 28

MondayDec 21, 2009 10:31 am

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

Micro Imaging Technology, Inc. is a development stage public company focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. The company has developed and patented a technology for rapid microbe identification. This 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. The system significantly reduces the time and expense for testing procedures and has the ability to test for multiple bacteria in one process. The system is…

MondayDec 21, 2009 9:55 am

Newport Digital Technologies, Inc. (NPDT.OB) Announces Completion of AT&T Network Certification for N37B Rugged Handheld Computer with RFID Reader

Today, Newport Digital Technologies, Inc. announced that it has successfully completed AT&T Network Certification for its rugged handheld N37B computing device. Subsequently, the device will be strategically channeled through to AT&T's Special Vertical Markets (SVM) with Ingram Micro (NYSE: IM) as its logistics and distribution partner. "We are excited to have completed AT&T Network Certification for this Mobile Handheld Computer with RFID reader for use on AT&T's wireless network," said NPDT CEO Michael Lutton. "NPDT and AT&T's marketing and business development teams are working to identify business-to-business SVM channel opportunities for the N37B in the supply chain management, retail, military,…

MondayDec 21, 2009 9:43 am

Optimized Transportation Management (OPTZ.OB) Announces Plans for New Warehouse Operation in Florida

Optimized Transportation Management, Inc., a company focused on managing and supporting domestic and global warehouse operations and global supply chain strategies, recently announced that the company has begun the process of establishing its first warehousing operation in Florida. This new warehousing operation will add to the company’s suite of services that provide world-class visibility, information and supply chain controls to organizations. The company’s business plan is to build a full-service supply chain logistics company. By developing a management system for midsized manufacturers and distributors, Optimized Transportation Management is able to provide transportation services that meet 100 percent of customers’ logistical…

MondayDec 21, 2009 9:41 am

Royal Quantum Group (RYQG.OB) Gets 120 Barrels Per Day From Bond Well

Royal Quantum Group, an oil and mineral exploration and development company based in Calgary, recently announced the completion of their Bond #1-18 oil well, located in Noble County, in north central Oklahoma. The well was perforated in the Wilcox formation, and open flow tested without stimulation at an initial rate of 20 barrels per hour of light crude. In keeping with good engineering practice, the well was choked back to a 9/64 choke, and is currently flowing at a rate of approximately 120 barrels per day. (The average Oklahoma oil well produces about 2 barrels per day.) Oklahoma is the…

MondayDec 21, 2009 9:33 am

VIASPACE, Inc. (VSPC.OB) Files Amended Form S-1; Receives Extension for the Second Closing of Inter-Pacific Arts

VIASPACE Inc., a clean energy company growing Giant King™ Grass as a low-carbon, renewable energy crop, announced this morning that it has received an extension until January 15, 2010 for the second closing of its purchase of Inter-Pacific Arts on the same day it filed an amended Form S-1 with the Securities and Exchange Commission to list its majority-owned subsidiary, VIASPACE Green Energy Inc. (VGE), as a separately reporting public company. With common shares expected to be traded on the OTC Bulletin Board, VIASPACE Inc. anticipates that its majority ownership in VIASPACE Green Energy, current management and operations of VGE,…

MondayDec 21, 2009 9:19 am

Few States Add Jobs in Economy’s Slow Recovery

Amidst positive reports of earlier gains, it was reported that more states lost jobs than added in November, indicating that hiring is occurring only sporadically nationwide. Friday's Labor Department report underscored that employers have yet to ramp up hiring. The number of people out of work for six months or more increased last month to 5.9 million, according to a separate report released earlier this month. In some states, signs are emerging of people rejoining the work force to seek jobs as the economy slowly improves. Of the eight states where unemployment rose, five added jobs. All but one saw…

MondayDec 21, 2009 9:15 am

Xenos Group Inc. (XNS.TO) Reports Profit in Fiscal 2009

Xenos Group Inc. reported net income of $1.2 million, or $0.12 per share, in fiscal 2009 (ended 9/30/09). This was down slightly from the $1.5 million, or $0.15 per share, the company earned in fiscal 2008. (All figures in Canadian dollars) Xenos Group Inc. did see positive improvement in two important financial categories: revenues and earnings before interest, taxes, depreciation and amortization (EBITDA). Revenues increased to $17.25 million in fiscal 2009 from $15.9 million in fiscal 2008. EBITDA jumped to $2.45 million from $2.1 million, over the same time frame. Xenos Group Inc. also saw its balance sheet improve during…

MondayDec 21, 2009 8:56 am

Muscle Flex, Inc. (MFLI.PK) Reports Significant Traffic Growth at MuscleFlex.com, MuscleFlexVATA.com and Its YouTube Site

Muscle Flex Inc. today announced that its websites www.MuscleFlex.com, www.MuscleFlexVATA.com and its YouTube site, www.youtube.com/MuscleFlexTV, have experienced a considerable increase in website traffic. Since Thursday, December 17, 2009, based on Google Analytic data, the following information was collected: MuscleFlex.com: 33,744 Unique Visitors MuscleFlexVATA.com: Over 300% Unique Visitor Increase (pro-rated since Dec 1) Avg pages per visit: 34.16 Avg Time on Site: 27 min 19 seconds YouTube: 5467 Views -- BUDDY Viral 7140 Views -- Beagle StepFit 7342 Views -- BUDDY Tablet Caddy Muscle Flex began its online marketing strategy on Thursday of last week. Muscle Flex aims to dramatically increase…

MondayDec 21, 2009 8:46 am

NetSol Technologies, Inc. (NTWK) Provides Financial Guidance for Fiscal Year 2010

NetSol Technologies, Inc., a global U.S. corporation providing global business services and enterprise application solutions, announced today before the opening bell its improved financial guidance expectations for the full year fiscal 2010 period ending June 30, 2010. Based on current business activities, and preliminary unaudited results, the company forecasts: -- Revenues of between $33.0 million and $35.0 million, representing full year revenue growth of between 25% and 32% versus fiscal year 2009. -- A return to GAAP net income, versus a GAAP net loss of $0.30 per diluted share for fiscal year 2009. -- License revenues to increase more than…

FridayDec 18, 2009 12:28 pm

Myriad Pharmaceuticals Inc. (MYRX) Announces Acquisition of Javelin Pharmaceuticals Inc.

Myriad Pharmaceuticals Inc. is a biotechnology company focused on the development of drugs for cancer, HIV and other medical conditions. The company today announced an acquisition agreement with Javelin Pharmaceuticals (AMEX: JAV), a company engaged in innovative technologies to develop new drugs for the pain management market. Javelin has one marketed drug in the U.K., Dyloject, an injectable treatment for postoperative pain, as well as two drug candidates in U.S. advanced clinical development. On December 2, 2009, Javelin submitted a New Drug Application with the FDA for Dyloject. Myriad’s acquisition of Javelin complements Myriad’s portfolio of product candidates, and is…

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Month: December 2009