January 2010 - Page 10 of 26

ThursdayJan 21, 2010 2:41 pm

Alto Group Holdings, Inc. (ALTO.OB) Goes for the Gold

Alto Group Holdings has managed to acquire 70% of the rights to the Nkwanta mining concession in the Ashanti Belt of Ghana, under an agreement with Castle Peak Mining. Castle Peak owns the mineral rights to the Nkwanta concession, and Alto is conducting exploration and mineral assays. Ghana is located on the Gulf of Guinea, on the west coast of Africa, and the Ashanti Belt, in the southwest corner of the country, has a long history of successful gold production. In fact, it’s one of the most productive gold mining regions in the world. A number of mining companies already…

ThursdayJan 21, 2010 2:10 pm

China’s Economy Growth in the Fourth Quarter of 2009

China released a batch of economic data last evening. In effect, China declared that the economic crisis is over for the country. Economic growth accelerated to a 10.7 percent rate in the final quarter of 2009. This accelerated growth pushed the overall growth rate for China's gross domestic product (GDP) for 2009 to 8.7 percent. This keeps the country on course to replace Japan sometime later this year as the world's second largest economy. China was one of the healthiest economies heading into the financial crisis, so it should come as no surprise that it is among the first economies…

ThursdayJan 21, 2010 11:56 am

Kahzam Inc.’s (KHZM.OB) Secures Timely Acquisition of TeCOUP.com

Kahzam Inc. provides web-based, multi-media driven platforms to associations and affinity groups. The company today announced it has acquired TeCOUP.com LLC, a provider of SMS Text Coupon Messaging utilizing patent-pending delivery services. TeCOUP.com’s technology offers clients “next generation” access to advertising and communications through e-mails and text messaging. “Our team couldn’t be happier with this new alliance. It broadens our opportunities on behalf of both current and future clients,” Jim Rinker, CEO and co-founder of TeCOUP stated in the press release. “Text messages sent to hand-held mobile phones represents the next wave in technology-based communications and advertising, and direct-to-cell-phone text-message…

ThursdayJan 21, 2010 11:28 am

Flexpoint Sensor Systems, Inc. (FLXT.OB) to Apply Bend Sensor® Technology for Healthcare Home Monitoring

Flexpoint Sensor Systems, Inc. disclosed details today regarding an implementation of the Company’s robust, multi-purpose Bend Sensor® technology in a proposed Home Monitoring Presence Detection System which will be developed under an agreement with an undisclosed company. The proprietary FLXT Bend Sensor® technology is basically a coated substrate-like plastic which can act as a sensor for a variety of environmental variables or as a durable switch. The proposed application would incorporate such switches into structures, furniture and other household appurtenances to create a virtual nodal network of sensors that would monitor an individual in real time and trigger alarms if…

ThursdayJan 21, 2010 11:25 am

Celsius Holdings, Inc. (CSUHD.OB) Revenue Up 283%

Celsius Holdings, Inc., marketer of the scientifically-engineered Celsius® brand of energy drinks via its wholly-owned subsidiary, Celsius Inc., today proudly announced a 283% increase in Q4 revenue to $2.4M over the same interval last year. Chairman and CEO of CSUHD, Mr. Stephen C. Haley, commented on the growing retail infrastructure throughout the U.S. in the last three months, saying that both the “numbers of companies and the footprint of locations” represented by the continually expanding customer base of retailers has produced excellent revenue and enhanced brand identity through product exposure. Haley listed additions to the retail customer base which included:…

ThursdayJan 21, 2010 11:05 am

API Technologies Corp. (ATNY.OB) Announces Acquisition of Kuchera Group

API Technologies Corp. is a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries. The company's customers include US government agencies such as the Department of Defense and its prime contractors such as Raytheon, Northrup Grumman and General Dynamics. The company announced today that it has acquired substantially all of the assets of the Kuchera Group of Companies, including Kuchera Defense Systems Inc. and Kuchera Industries Inc. The Kuchera Group of Companies is a US-based defense subcontractor specializing in sophisticated electronics and highly-engineered systems for the communications, defense and aerospace industries. Under the…

ThursdayJan 21, 2010 10:32 am

Opening Ceremony for Harbor-Style Bus Shelters Hosted by China New Media Corp. (CMDI.OB) in Dalian Development Zone

China New Media is a young company that is quickly evolving into a global power. Founded in 2000, the company owns and operates the largest outdoor media network located in Dalian, China, which encompasses over 600 bus shelters furnished with billboards and displays. Recently, the fast-growing company took a major step towards enhancing their future by hosting the opening ceremony for Harbor-Style Bus Shelters. The Harbor-Style Bus Shelters are ‘Fourth Generation Shelters’ that showcase an impressive media product lineup featuring advanced LED digital display technology. China New Media plans to construct 100 of the new street-bus shelters throughout Dalian and…

ThursdayJan 21, 2010 10:09 am

Lux Digital Pictures, Inc. (LUXD.OB) Announces Distribution Agreement with Screen Media Ventures

Lux Digital Pictures, Inc., a group of several motion picture development, production, financing and distribution brands that have unique and dynamic strategies to compete in today’s entertainment marketplace, recently announced that the company has licensed its award winning documentary film “Nightmares in Red, White and Blue” to Screen Media Ventures, LLC. This agreement includes distribution to all markets outside of the United States and Canada. Noted as the company’s widely praised feature length documentary film on the evolution of the American horror film, “Nightmares in Red, White and Blue” was written and produced by Joseph Maddrey, based on his book,…

WednesdayJan 20, 2010 4:40 pm

American Lithium Minerals, Inc. (AMLM.OB) to Acquire Lithium Project Sites

Today, American Lithium Minerals Inc. formally announced that it will acquire the North Borate Hills and South Borate Hills Lithium Projects in Nevada. Covering a combined 3,400 acres, the projects are located approximately 20 miles west of Chemetall Foote's Lithium Brine Operation at Clayton Valley. The Borate Hills Projects were drilled in the 1980s by US Borax. At that time, the project was the second largest boron deposit in the U.S. Although theNorth Borate Hills Project emerged first, discovery of the South Borate Hills Project identified a larger, strata-bound claystone unit with higher lithium values. Recent sampling of the South…

WednesdayJan 20, 2010 4:02 pm

First Community Corp. (FCCO) Reports Strong Fourth Quarter Profit

First Community Corp. reported net income of $705,000, or $0.22 per share, for the fourth quarter of 2009. This was an improvement from the loss of $559,000, or $0.17 per share, in the same quarter of 2008. Full year operating income for 2009 was $1.9 million, compared to a loss of $6.9 million in 2008. First Community Corporation reported strong asset quality despite the lingering effects of the recession, with non-performing assets at the end of 2009 of $8.3 million, or 1.38% of total assets. The bank also reported a Tier 1 Risk Based capital ratio of 12.09%, well above…

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Month: January 2010