July 2010 - Page 19 of 31

WednesdayJul 14, 2010 8:37 am

Prime Estates & Developments, Inc. (PMLT.OB) Enters into Joint Venture Agreement

Prime Estates & Developments, Inc. announced yesterday that they entered into a joint venture agreement with Madison Realty Advisors, LLC. Prime Estates & Developments' aim is to acquire Madison's all-encompassing real estate expertise. Madison Realty Advisors is a California based real estate advisors firm. Madison will actively seek commercial real estate properties for acquisition by Prime. They will negotiate the acquisition, perform due diligence on the properties, arrange financing and close the properties. They will subsequently perform property management, asset management as well as be responsible for the ultimate disposition of the properties. Prime Estates & Developments, Inc. intends to…

WednesdayJul 14, 2010 8:33 am

AIVtech International Group Co. (ECOH.OB) Receives $2.6 Million Follow-on Order from Europea Trade for LED-Backlit LCD TV’s

Located in Shenzhen, China, AIVtech has earned a reputation for their focus on the integration of electronic products which has allowed the young company to leave its mark. Today, AIVtech took another step towards prominence with the announcement they have received a follow-on order for LED-backlit LCD televisions from Europea Trade N.V. ("Europea Trade"), representing the third order received from Europea Trade in recent months. Europea Trade has evolved into one of the leading distributors of information and communication technology (ICT) and home entertainment products in Europe. AIVtech and Europea Trade joining forces could lead to a global presence for…

WednesdayJul 14, 2010 8:00 am

NetSol Technologies, Inc. (NTWK) Announces Rebound in North American Sales as Existing Customers Increase Orders

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced sales in North American related to enhancements to its LeasePak lease management solution have increased significantly from this year's second quarter into the current quarter. According to the press release, NetSol Technologies' North American division has sold additional LeasePak licenses to a number of existing customers, including the finance arm of a large automotive manufacturing company. The company has also experienced a considerable increase in software upgrade revenue, which was credited to new functionality required by North American customers using the LeasePak and Wholesale Finance System.…

TuesdayJul 13, 2010 8:48 pm

Beacon Power (BCON) to Negotiate $2.25M Award from U.S. Department of Energy for Energy Technology Development

The U.S. Department of Energy (DOE) recently chose Beacon Power Corp. to negotiate a $2.25 million award in support of developing a next-generation flywheel energy storage system with the capability to quadruple energy storage for one-eighth of the cost of Beacon's current Smart Energy 25 (Gen 4) flywheel system. The decision was made by the Advanced Research Projects Agency -- Energy (ARPA-E), an agency within DOE that provides research and development capital to fund transformational new energy technologies and systems. "We are extremely pleased to be included among this very select list of cutting-edge energy storage projects funded by ARPA-E,"…

TuesdayJul 13, 2010 1:22 pm

Lyfe Communications, Inc. (LYFE.OB) Picks CenterPoint for Investor and Financial PR

Lyfe Communications, Inc., www.connectedlyfe.com – pioneers in next-gen communications and entertainment infrastructure via the development of a sophisticated, all-IP network services platform which offers a truly integrated Digital TV, ultra high-speed internet and phone service solution for any networked intelligent device, announced it has selected CenterPoint Communications Group to handle its national investor and financial PR. President and CEO of LYFE, Robert Bryson, characterized the selection as being of critical strategic importance, and CenterPoint as being ideally qualified out of many leading organizations to represent the Company’s national investor program. Bryson cited CenterPoint’s team of seasoned professionals as the very…

TuesdayJul 13, 2010 1:15 pm

Universal Detection Technology (UNDT.OB) Unveils Rapid Mold Detector

Universal Detection Technology, www.udetection.com – the developers of revolutionary monitoring and early warning bio-detectors that have applications from bioterrorism to healthcare, announced a new product today designed to rapidly detect the three biggest indoor mold concerns. The device uses concepts from immunochromatographic assays (rapid test, sometimes called a hand-held assay or HHA) to offer high-fidelity rapid detection, and is able to detect specific species and sub-species of Aspergillus and Penicillium, as well as species of Stachybotrys (chlorohalonata, microspora, echinata, chartarum and etc.). These top three serious types of mold are prevalent in buildings that have been flooded and where climate…

TuesdayJul 13, 2010 12:27 pm

CleanTech Innovations, Inc. (EVCPD.OB) Completes $10M Equity Financing

CleanTech Innovations Inc., a clean technology solutions provider for the wind and utilities industries, today announced it has completed a $10 million private placement of equity securities placed with institutional and other accredited investors in a highly oversubscribed offering. According to the press release, the company placed a total of 3,333,333 units priced at $3 per unit, with each unit comprising one share of common stock and a three-year warrant to purchase 0.15 shares of common stock at an exercise price of $3 per share. None of the securities issued in the offering were registered. CleanTech has a total of…

TuesdayJul 13, 2010 12:03 pm

UQM Technologies, Inc. (UQM) Receives Fleet Build Order from International Automobile Company

UQM Technologies Inc. is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. A major emphasis of the company is developing products for the alternative energy technologies sector. This includes propulsion systems for electric, hybrid electric, and fuel cell electric vehicles. The company recently announced that it has received an initial order for over fifty PowerPhase electric propulsion systems as part of the fleet build and vehicle development activities of an established international automobile manufacturer. Deliveries under the order are scheduled to occur in the fourth calendar…

TuesdayJul 13, 2010 11:59 am

Daulton Capital Corp. (DUCP.OB) is “One to Watch”

Daulton Capital Corporation is a natural resource finance company that trades on the OTC Bulletin Board. The Company focuses on precious and base metals as well as oil and gas opportunities. Company Management's corporate philosophy is to be a Project Generator. Their goal is option/joint venturing projects with major and junior natural resource companies from inception through to production. Daulton Capital Corporation has their headquarters in Las Vegas, Nevada. The Company has acquired property rights in the Yukon. They continue to focus on acquiring and/or funding additional resource projects. They are working to expand exploration while continuing to seek special…

TuesdayJul 13, 2010 11:56 am

Arrow Financial Corp. (AROW) Reports Higher Net Income for Second Quarter

Arrow Financial Corp. reported net income of $5.7 million, or diluted earnings per share of $0.52, in the second quarter of 2010 ending June 30, 2010. The company earned net income of $4.9 million, or diluted earnings per share of $0.45, in the corresponding quarter of 2009. Arrow Financial Corporation also reported a return on average assets of 1.22% and a return on average equity of 15.38% for the second quarter of 2010. Both these metrics were up substantially on a year over year basis from 2009. Thomas L. Hoy, Chairman, the CEO of Arrow Financial Corporation, said, “We are…

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Month: July 2010