July 2010 - Page 23 of 31

FridayJul 09, 2010 1:38 pm

WaferGen Biosystems, Inc. (WGBS.OB) to Use $7.2M Registered Direct Offering to Supercharge SmartChip Roll Out

WaferGen Biosystems, Inc., www.wafergen.com – a pioneer in analytical systems which utilize emerging gene expression, genotyping and stem cell/cell biology research for biopharma and life science market applications, closed a $7.2M registered direct offering yesterday. The Company has struck gold with what it believes will be rapidly adopted as the platform of choice for future genetic analysis and cell monitoring, because the SmartChip™ Real-Time PCR system is the first of its kind to offer unprecedented performance capabilities unmatched by existing technologies. The SmartChip combines unmatched throughput with the cost-effectiveness of microarray applications, and the high-fidelity, accuracy and sensitivity of real-time…

FridayJul 09, 2010 1:00 pm

East Coast Diversified Corp. (ECDC.OB) Rolls Out Full-Spectrum RFID/GPS Container Tracking and Security System

East Coast Diversified Corp.'s tracking and security via RFID, GPS and emergent technologies company, EarthSearch Communications www.earthsearch.us – showcased the rollout of its hardware-level integrated GPS/RFID/GPRS TrailerSeal reusable padlocking system for shipping containers today. This innovative system addresses the gap in securing the nation’s shipping infrastructure and ports in one fell swoop by providing a single, reusable lock that bundles all the necessary technologies into one and enables real-time remote tracking. TrailerSeal makes it possible to generate readily interpretable analyses of an organization’s entire RFID tagged asset and container infrastructure by harnessing built-in business logic and intelligence to secure containers,…

FridayJul 09, 2010 12:23 pm

Material Sciences Corp. (MASC) Posts Improved Q1 Results

Material Sciences Corp. today posted results for its first quarter ended May 31, 2010, reflecting improving markets, sales increase and a more flexible financial condition. Material Sciences CEO Clifford D. Nastas noted three variables contributing to the company’s improved results. "Three factors were instrumental in our return to profitability this quarter," Nastas stated in the press release. "First, for the past year we have focused on lowering our cost base by increasing operating efficiencies, using stringent expense controls, selling non-core assets, and sizing our operations to current market opportunities. Second, we continued to invest in improving the quality of existing…

FridayJul 09, 2010 10:35 am

Uranium Energy Corp. (UEC) Continues Progress on Initial Wellfield

Uranium Energy Corp., a U.S.-based uranium exploration and development company focused on acquiring and working uranium properties in the western U.S., continues to develop its initial wellfield located at the Palangana ISR (“in-situ” recovery) uranium project (PAA-1) in South Texas. A total of 110 injection and production wells are to be drilled, cased, and developed within the project. The initial wellfield should be completed within three months, at which time construction of wellfield piping and electrical distribution will begin. This will tie the PAA-1 wellfield to Palangana’s ion-exchange satellite facility that will be constructed during the same period. UEC is…

FridayJul 09, 2010 10:30 am

Vidaroo Corp. (VIDA.OB) Highlights Advances of 2-Year Deal with Emmis NYC

Video technology company Vidaroo Corp. recently signed a two-year agreement with Emmis New York, operator of flagship stations Hot 97, KISS-FM and RXP-The New York Rock Experience. Emmis NYC was one of the first to use Vidaroo’s recently released online video platform "Vidaroo Publisher" in a large-company environment. Emmis NYC utilized Vidaroo Publisher as a platform to launch a video production initiative, and to distribute and syndicate video and advertising. The company’s ability to meet various angles of Emmis NYC’s advertising needs reflects Vidaroo’s potential in the broader market. "Emmis New York is a cutting edge, global leader in delivering…

FridayJul 09, 2010 9:22 am

AlVech International Group Co. (ECOH.OB) Receives Major European Order

One company that is starting to develop a global presence is the AlVech International Group Co. Located in Shenzhen, China, AlVech focuses on the integration of electronic products such as multimedia speakers and video games. While only being founded in 2004, AlVech has already made their presence felt in both the domestic and international markets. Today, AlVech made a major announcement which will enhance their economic future. AlVech announced that on June 29 of this year, they entered into a sales contract with Europea Trade which is valued at USD $1.1 million for the manufacture of 15,000 LED-backlit LCD TV’s.…

FridayJul 09, 2010 9:19 am

GMX Resources Inc. (GMXR) Updates Production Guidance

GMX Resources Inc. updated its production guidance for the third quarter of 2010 and for the 2010 calendar year. GMX Resources Inc. estimates that production in the third quarter of 2010, which ends September 30, 2010, would fall within a range of 4.7 to 5.0 billion cubic feet equivalent. The company estimates that production for 2010 would be between 17.5 to 19 billion cubic feet equivalent. GMX Resources Inc. also announced that the company’s bank lenders had reaffirmed the $130 million borrowing base of the company. Capital One Bank represented the lenders during the review process. GMX Resources Inc. also…

FridayJul 09, 2010 9:18 am

Kingsway Financial Services Inc. (KFS) Reports Major Debt Repurchase

Kingsway Financial Services Inc. announced the repurchase of significant amounts of two issues of its outstanding debt. The purchases amount to approximately $55.1 million. Kingsway Financial Services Inc. has repurchased $33.9 million CAD principal of the 6% debentures due on 7/11/2012, and $25.6 million of the 7.5% senior notes due in 2014. The debentures were issued by Kingsway 2007 General Partnership, and the senior notes were issued by Kingsway America Inc. Kingsway Financial Services Inc. obtained the funds to complete the repurchase through the sale of the Jevco Insurance Company, one of its subsidiaries. Kingsway Financial Services Inc. sold the…

FridayJul 09, 2010 9:17 am

Patriot Scientific Corp. (PTSC.OB) Reports Initial Success of Go-To-Market Strategy

Yesterday, Patriot Scientific Corporation reported initial success of the go-to-market strategy for Patriot Data Solutions Group (PDSG), their wholly owned subsidiary. PDSG is beginning to identify opportunities where it can jointly market data sharing solutions and services to the public safety marketplace. This is with a go-to-market strategy that harnesses the market access of channel partners. The channel strategy provides access to new markets, including Federal customers. This is in addition to significantly increasing PDSG's pipeline of business opportunities and the size of systems integration projects they may pursue. Mr. Cliff Flowers, interim CEO of Patriot Scientific, said, “With the…

FridayJul 09, 2010 9:15 am

AIVtech International Group (ECOH.OB) Announces $1.1 Million Order for LED-Backlit LCD Televisions

AIVtech International Group Co., a provider of consumer electronics products, such as multimedia speakers and video games, in both domestic and international markets, recently announced that the company has secured a follow-on order for LED-backlit LCD televisions from Europea Trade N.V., one of the leading distributors of information and communication technology and home entertainment products in Europe. AIVtech International Group entered into a sales contract with Europea Trade on June 29, 2010, valued at USD $1.1 million for the manufacture of 15,000 LED-backlit LCD televisions. Europea Trade delivers products to more than 2,000 retail outlets in the Benelux countries and…

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Month: July 2010