December 2009 - Page 8 of 28

TuesdayDec 22, 2009 1:06 pm

November Existing Home Sales Soar 7.4 Percent

After surging 10% in October, sales of existing homes jumped again in November rising by 7.4%. The level of existing home sales hit the highest level since February 2007, a sign that perhaps the housing market is gaining strength. Sales are now up 46 percent from the bottom in January, but still down 10 percent from the peak more than four years ago. The surprisingly strong sales figures were spurred in large part by low interest rates and first-time home buyers looking to take advantage of the $8,000 federal tax credit. About 2 million homebuyers have taken advantage of the…

TuesdayDec 22, 2009 12:09 pm

A-Power Energy Generation Systems, Ltd. (APWR) Signs $86M Contract with Thailand’s Biomass Electricity to Construct a 150MW Biomass Plant

A-Power Energy Generation Systems, Ltd., China’s biggest distributed energy (DG) systems provider, revealed today the signing of a major DG contract with Thailand's Biomass Electricity Co., Ltd. (TBE) to construct a 150-megawatt (MW) biomass plant in Prachinburi, approximately 75 miles east of Thailand’s capital Bangkok. The Company brings its vast knowledge of DG systems engineering, as evinced by its extant projects and recent major foray into wind turbine manufacturing, to bear squarely on Thailand’s growing demand for environmentally-friendly energy. The biomass plant contract encompasses all major aspects of execution, from design to the procurement and installation of the three main…

TuesdayDec 22, 2009 10:15 am

SCI Engineered Materials, Inc. (SCIA.OB) Awarded Grant to Commercialize Products for Solar Industry

SCI Engineered Materials, Inc. announced today that it has been awarded $775,400 by the Ohio Department of Development's Ohio Third Frontier Photovoltaic Program (OTFPVP). The grant was awarded for the commercialization of advanced technology for high power density rotatable ceramic sputtering targets. These targets are used to manufacture thin film photovoltaic solar cells. The award is still subject to State of Ohio Controlling Board approval. Scott Campbell, Ph.D., Vice President of Technology, stated, "We are pleased to have been selected by Ohio's Third Frontier Photovoltaic Program to help commercialize the high power density ceramic sputtering target attachment technology that SCI…

TuesdayDec 22, 2009 9:56 am

BIO-key International, Inc. (BKYI.OB) Announces Appointment of Cecilia Welch as Chief Financial Officer

BIO-key International, Inc., a leading developer of advanced finger-based biometric identification solutions, recently announced the appointment of Cecilia Welch as the company’s vice president and chief financial officer, replacing chairman Tom Colatosti, who had been serving as the interim chief financial officer. Previously serving as BIO-key International’s corporate controller since 2007, Ms. Welch has more than 20 years of financial management experience in the technology industry. Prior to her role at BIO-key, Ms. Welch held the position of controller for other leading technology-based companies, including Savaje Technologies, Crystal Systems and ATN Microwave (acquired by Agilent Technologies). Ms. Welch earned her…

TuesdayDec 22, 2009 9:44 am

NetSol Technologies, Inc. (NTWK) Awarded Major Information Security Contract

NetSol Technologies, Inc. announced this morning at the opening bell that it has been awarded a major contract in the area of Information Security by a leading mobile telecommunications company in Pakistan. Along with additional revenues, this contract further strengthens NetSol's position as a leader in the information security services sector in Pakistan. Needing a highly scalable and high performance solution, the client selected NetSol after a meticulous selection amongst competitive vendors. According to the press release, the client chose NetSol because of its strong information security practices, technical expertise and proven track record in deploying large scale information security…

TuesdayDec 22, 2009 9:18 am

The Vision and Future of eDoorways Corp. (EDWY.PK)

eDoorways Corp. has grown almost overnight from an intriguing idea about a better way to connect consumers and vendors, to a rapidly expanding Web presence that redefines how to view the Internet. That’s because it addresses a basic need that search engines and other web-based tools do not, the need for information that is personalized, immediate, objective, and leads directly to a workable solution. The company’s first “doorway”, called SOLVE, is a prime example of this. Almost everyone has experienced the frustration of trying to use the Internet to solve even the most basic consumer problems. For example, suppose your…

TuesdayDec 22, 2009 9:14 am

Confident in Consumer Confidence?

In September 2008, the subprime mortgage crisis reached a crescendo. Several banks asked for government bailouts and loans or filed for bankruptcy. Mortgage guarantors Fannie Mae and Freddie Mac were placed in conservatorship. The Federal Reserve and central banks around the world scrambled to pump liquidity into the credit markets. To top it all off, the world’s stock markets drifted lower as the crisis unfolded. At the time, it seemed as though the sky was falling. No surprise then that the consumer confidence index (CCI) fell to what was then the lowest point recorded to that point. The October reading…

TuesdayDec 22, 2009 9:13 am

Playing Catch-Up with Contributions

Most Americans are no longer convinced that they are financially prepared for retirement. In the 2009 Retirement Confidence Survey, only 13% of workers indicated they were “very confident” that they will have enough money for a comfortable retirement, the lowest level since the annual survey began in 1993. Are you worried that you might have to choose between working longer or living with less than you had planned? Fortunately, if you are age 50 or older, you may have an opportunity to catch up to your retirement savings goals. Make Up for Lost Time The costs associated with raising a…

TuesdayDec 22, 2009 9:08 am

Insight Management Corp. (ISIM.OB) and Subsidiary Report Favorable Market Conditions

After a review of industry conditions, Insight Management Corporation announced that increased oil and gas leasing and drilling activity has been creating new opportunities to add new business and increase sales to existing customers. Wholly owned Insight Management subsidiary Rebel Testing, Inc. is taking advantage of the exploration and production upswing to generate additional revenue and increase market share for its natural gas well servicing business. Oil prices have more than doubled in the last year, and gas futures have risen approximately 93% from lows reached in September 2009. Oil and gas rig counts decreased over the past year, but…

TuesdayDec 22, 2009 9:00 am

Clarient, Inc. (CLRT) Closes Purchase of Applied Genomics

Clarient, Inc. reported that it closed on its purchase of Applied Genomics, Inc., a private biotechnology company, in a stock deal worth $17.6 million. Applied Genomics, Inc. is headquartered in Huntsville, Alabama. “Applied Genomics and Clarient represent a strong strategic and technological fit providing for multiple proprietary tests that can be commercialized via the Clarient national footprint," said Ron Andrews, the CEO of Clarient, Inc. Clarient, Inc. acquired all the ownership interests in Applied Genomics, Inc. in exchange for 7.6 million shares of Clarient common stock. Clarient, Inc. will transfer 4.4 million shares immediately, and 3.2 million shares will be…

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Month: December 2009