June 2010 - Page 8 of 35

ThursdayJun 24, 2010 7:05 am

Cellceutix Corp. (CTIX.OB) Autism Study Shows Increase in Serotonin Levels in Three Areas of the Brain

Cellceutix Corp. announced yesterday after the closing bell that they have completed another study in the research of KM-391, the company's novel compound being developed to treat the core symptoms of autism. Pioneering research in autism treatments, Cellceutix has been making solid progress with pre-clinical research as announced in previous press releases. In the autistic brain, neonatal serotonin depletion and decreased brain plasticity are observed. The Cellceutix team has identified a reliable animal model and has been successful in chemically inducing these characteristics in the model. The data collected to this point has been promising as KM-391 has shown to…

WednesdayJun 23, 2010 3:45 pm

General Environmental Management, Inc. (GEVI.OB) Signs Letter of Intent with Bio-Energy Solutions Group to Manage Waste-to-Energy Project

General Environmental Management Inc. announced today after the closing bell that it has entered into a Letter of Intent to execute formal agreements with Bio-Energy Solutions Group, Inc. (BESG) to manage their waste-to-energy operations in Pernambuco, Brazil. Responsibilities would include the collection and processing of municipal solid waste and subsequent conversion to alternative energy. The management agreement has a term of 15 years. “We are very pleased to have entered into a Letter of Intent to formalize a management contract services relationship with BESG,” stated Timothy J. Koziol, CEO of GEM. “BESG has contracts for 34 towns in the state…

WednesdayJun 23, 2010 3:40 pm

eDoorways Corp. (EDWY.PK) Sales Efforts Led by Retail Marketing Expert

Marty Lobkowicz leads eDoorways' sales and marketing efforts as the retail sales and marketing director. He is president of MML International Inc., a marketing consulting firm based in Delray Beach, Florida. His firm assists both nationally branded and emerging manufacturing entities in developing and implementing effective sales and marketing plans. Marty Lobkowicz has spent his entire career in the retail industry. For the first 20 years, he worked for several large retail companies including BJ’s Wholesale Club and Office Depot in finance and product merchandising positions. At Office Depot, he was vice-president and general merchandising manager of the technology products…

WednesdayJun 23, 2010 2:57 pm

Universal Detection Technology (UNDT.OB) Receives “Milestone” Purchase Order from U.S. Air Force

Universal Detection Technology, a developer of monitoring and early-warning technologies for bioterrorism detection, has received a purchase order for its radiation detection equipment from the United States Air Force, reflecting the first order from the company’s listing on the GSA Schedules Contract program. "This purchase order from the Air Force is a milestone for Universal Detection Technology, as this is the first contract received from UNDT's listing on the GSA Schedules program," UNDT CEO Jacques Tizabi stated in the press release. "Through our open accessibility via the GSA Schedule, we're confident UNDT will be able to deliver the equipment and…

WednesdayJun 23, 2010 12:38 pm

Micro Identification Technologies (MMTC.OB) Led By Stellar Board

Micro Identification Technologies Inc., pioneering creator of the world’s only non-biological system for identifying pathogenic microbes - one of the most unique and promising developments in recent medical history, is guided by an equally remarkable board of directors. Michael W. Brennan The company’s Chairman and President, Mr. Brennan has over 25 years in the computer industry, and participated in the founding of four publicly held companies (three currently on NASDAQ). With a B.S. in Electrical Engineering from USC, and an MBA from Pepperdine, he is also an adjunct faculty member for the University of Phoenix. Victor A. Hollander In his…

WednesdayJun 23, 2010 12:35 pm

Universal Security Instruments, Inc. (UUU) Reports Fiscal 2010 Earnings

Universal Security Instruments, Inc. reported net income of $468,223, or $0.20 per diluted share, in the fourth quarter of fiscal 2010, which ended 3/31/2010. The company earned net income of only $78,150, or $0.03 per diluted share, in the corresponding quarter in 2009. Universal Security Instruments, Inc. reported net income of $2.2 million, or $0.95 per diluted share, in fiscal 2010. The company earned net income of $4.8 million, or $1.96 per diluted share, in fiscal 2009. Universal Security Instruments, Inc. said that net income in fiscal 2009 was artificially boosted by a one-time gain from discontinued operations of $3.4…

WednesdayJun 23, 2010 12:33 pm

Niska Gas Storage Partners LLC (NKA) Reports Fiscal 2010 Earnings

Niska Gas Storage Partners LLC reported net income of $50.0 million in the fourth quarter of fiscal 2010, which ended 3/31/2010. The company earned $8.0 million in the same quarter of 2009. Full year fiscal 2010 net income was reported by the company at $53.2 million, compared to $108.8 million in fiscal 2009. Niska Gas Storage Partners LLC said that the sharp drop in earnings in fiscal 2010 was due to a one time deferred tax charge of $45.1 million related to a Canadian tax issue. Niska Gas Storage Partners LLC reported sales of $270.5 million in fiscal 2010, compared…

WednesdayJun 23, 2010 12:32 pm

Iridium Communications, Inc. (IRDM) Expands Into South Africa

Iridium Communications Inc., www.iridium.com – the global mobile satellite service (MSS) leader offering planet-wide coverage via its constellation of low-earth orbiting (LEO) cross-linked satellites, announced yesterday the launch of Iridium South Africa, whereby the Company will execute licenses obtained to operate, provide and sell MSS throughout the country. Obtained from South Africa’s communication and broadcasting service regulator, the Independent Communications Authority of South Africa (ICASA), this authorization streamlines IRDM partners’ ability to provide the burgeoning public and private markets with highly in-demand IRDM products, applications and services. CEO of IRDM, Matt Desch, noted the ever-increasing commercial service revenues the Company…

WednesdayJun 23, 2010 12:29 pm

UV Flu Technologies, Inc. (UVFT.OB) Expands Sales Force to Ramp Up Demand for its New UV-400 Bacterial Air Purifier

UV Flu Technologies, Inc., www.uvflutech.com – the developer and manufacturer of biotech products (initially targeting indoor air-quality markets), announced today expansion of its sales force by 400%, to a current total of 120, in conjunction with the recent debut of the Company’s latest generation ViraTech™ UV-400 air purification systems aimed at residential markets. With this massive expansion of personnel, the Company is now able to fully exploit its ever-growing network of distribution channels in an effort to obtain greater penetration into specific sectors; UVFT broke the initial performance by sector data down thusly: • Medical 55% • Sports/Leisure 15% •…

WednesdayJun 23, 2010 9:56 am

NetSol Technologies, Inc. (NTWK) Re-Engineering Healthcare Information Processing

NetSol Technologies Inc., a worldwide provider of automated and IT enabled enterprise software solutions, and recognized SAP Services Partner, has become a major player in re-engineering the information processing side of the healthcare industry. Healthcare is an industry undergoing major changes and rapid growth, and is in urgent need of automation. Effective software solutions must incorporate a vast array of governmental and industrial rules, while offering an extraordinarily efficient engine for identifying and controlling costs, in addition to allowing easy scaling and functional growth. NetSol works closely with the industry, providing automated, secure, and integrated solutions for the clinical, financial,…

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Month: June 2010