February 2010 - Page 6 of 28

TuesdayFeb 23, 2010 10:01 am

AlumiFuel Power, Corp. (AFPW.OB) Subsidiary Produces Breakthrough Technology Enhancement

AlumiFuel Power Inc. is a company that is starting to catch the attention of investors. A wholly-owned subsidiary of AlumiFuel Power Corporation, AlumiFuel Power Inc. (API) has earned reputation as a top early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications. Today, the Philadelphia, Pennsylvania based API made an announcement that may set the tone for the future of the young company and capture the attention of investors on Wall Street. API announced it has developed a formulation which rapidly terminates its hydrogen-generating reaction of aluminum with water, facilitating its development and commercialization…

TuesdayFeb 23, 2010 9:57 am

Optex Systems Holdings, Inc. (OPXS.OB) Announces Commitment Letter for $2 Million Credit Facility

Optex Systems Holdings, Inc., a leading manufacturer of optical sighting systems and assemblies, primarily for Department of Defense applications, recently announced that the company has entered into a commitment letter with Peninsula Bank Business Funding. Under the terms of the agreement, Peninsula Bank Business Funding will provide a one-year, senior-secured $2 million asset-based line of credit to Optex Systems Holdings, Inc. Upon execution of definitive documents, Peninsula Bank Business Funding will provide advances to Optex Systems Holdings at varying advance rates based upon eligible accounts receivable. Optex Systems plans to use the funds to finance its working capital requirements and…

MondayFeb 22, 2010 8:18 pm

CitySide Tickets, Inc. (CIST.PK) Announces LOI to Acquire International Entertainment Broker

CitySide Tickets, Inc., owner and operator of www.CitySidetickets.com, a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events, today announced after the closing bell that it has signed a Letter of Intent with StadiumTickets.com, an international entertainment and event ticket broker exchange. Terms of the agreement include a 100% ownership in the StadiumTickets.com by CitySide Tickets, Inc. The lucrative secondary ticket market has completely transformed since the mid-1990’s. Commonly known as “Scalpers,” tradesmen of the illegal ticket trade can still be heard outside stadiums and concerts. But the days of the…

MondayFeb 22, 2010 4:02 pm

American National Insurance Company (ANAT) Reports Fourth Quarter Profit

American National Insurance Company reported net income of $34.9 million, or $1.31 per diluted share, for the fourth quarter of 2009. This compared to a loss of $65.0 million, or $2.46 per diluted share, in the same quarter of 2008. American National Insurance Company said that last year’s loss was caused by “other-than-temporary impairments” in its investment portfolio and catastrophe losses in the Property and Casualty Segment. American National Insurance Company benefited from a strong recovery in the financial markets, and reported $20.2 billion in total assets at December 31, 2009, a 9.6% increase from 2008. The company’s book value…

MondayFeb 22, 2010 1:48 pm

Consorteum Holdings, Inc. (CSRH.OB) Provides ‘Right Source Solutions’ for the Payment and Transaction Industry

Due to their extensive experience in the payment and transaction industry, Consorteum Holdings Inc. recognized there was a need within the financial services industry to provide 'right source solutions' to companies looking to maximize their business potential. The company has assembled a team of industry experts in order to seize the opportunity and capitalize on it. The company's knowledge of the financial, payment and transaction processing industry and its regulations provides it with the ability to work outside a traditional and cumbersome environment. Consorteum works with and manages a multitude of global technologies, which enables it to create a customized…

MondayFeb 22, 2010 1:03 pm

Natcore Technology, Inc. (NXT.V) Expands Into Chinese Solar Market with New Technology

Natcore Technology Inc. is the exclusive licensee of a revolutionary new room-temperature thin-film growth technology, developed at Houston’s Rice University, which is suitable for a variety of silicon oxides and wafers, and which utilizes a liquid phase deposition (LPD) process. The company announced today an agreement with a Chinese partnership consisting of two major firms and Zhuzhou Hi-Tech Industrial Development Zone (Zhuzhou), with whom the Company has signed a letter of intent to form a new company to be called Natcore China. Natcore China will maintain rights to manufacture anti-reflective (AR) film growth equipment and materials, with NXT retaining 55%…

MondayFeb 22, 2010 12:51 pm

Bloggerwave, Inc. (BLGW.OB) Business Strategy Affirmed by Nielsen Report Showing Huge Increase in Social Media Usage

Bloggerwave Inc., a worldwide leader in using blogs to promote the products and services of its clients, announced today the massive implications for the Company’s bottom line of a newly released report by The Nielsen Company on social media networks. The report, published last month on Nielsen’s news feed site Nielsen Wire, indicated a whopping 82% increase in social media networking site usage, an increase from 3 to 5.5 hours per month in 2009. Nielsen is renowned for forecasting trends and activity in global media formats, and this new report from them also showed that the vast majority of time…

MondayFeb 22, 2010 12:34 pm

Doing Research Can Often Find a Solid Base Metal Mining Company

Investing in base metals is a fairly popular option within today's investment market. Understanding what to look for is the real key. There are, however, a few thoughts that one might want to consider depending upon the size of the base metal mining company one wants to invest in. From one perspective, an investor may think that massive stimulus spending will drive the dollar down and base metal prices up, while from the opposite perspective an investor may think that the Federal Reserve's statements of a stable inflationary situation dictates that interest rates will remain stable and base metal prices…

MondayFeb 22, 2010 12:17 pm

Elite Pharmaceuticals, Inc. (ELTP.OB) Provides Elite Numbers for Third Quarter

Located in Northvale, New Jersey, Elite has earned a stellar name within the pharmaceutical industry due to their development of oral sustained and controlled released products. With a strategy that includes assisting partner companies in the life cycle management of products to improve off-patent drugs and developing generic versions of controlled release drug products, Elite has started to turn heads on Wall Street. Today, Elite Pharmaceuticals released their 3rd quarter 2010 financial results. The company showed that for the 3rd quarter ending December 31, 2009, Elite generated revenues of $917,383, which is an increase of 287% for the comparable period…

MondayFeb 22, 2010 12:12 pm

Energtek, Inc. (EGTK.PK) Has a Low Pressure Secret

Energtek Inc., specialists in the application of ANG (Absorbed Natural Gas) technology for the improved storage and transportation of natural gas, sees itself as sitting on top of some of the biggest untapped fuel reserves in the entire world. That fuel is natural gas (more specifically, stranded or associated natural gas) and it is estimated to total nearly 3,000 trillion cubic feet worldwide (that’s a 3 with 15 zeros after it.) It represents the energy equivalent of all the oil reserves in Saudi Arabia, fully 40% of the world’s total natural gas reserves, and Energtek believes it holds the secret…

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Month: February 2010