August 2010 - Page 29 of 30

TuesdayAug 03, 2010 12:04 pm

VAALCO Energy, Inc. (EGY) Issues Operations Update on Gabon Project

VAALCO Energy, Inc. (EGY) issued an operational update on its oil and gas exploration and development activities in the offshore area near Africa. VAALCO Energy, Inc. is drilling the Southeast Etame No. 1 well, which is located offshore Gabon. The original well was drilled to a depth of approximately 9,000 feet and found sixteen feet of net oil pay in the Gamba sandstone formation. VAALCO Energy, Inc. has just completed a sidetrack well to the original well, and also found net oil pay. The company estimates that the size of the net oil pay is approximately 90 feet. VAALCO Energy,…

TuesdayAug 03, 2010 12:03 pm

PASSUR Aerospace (PSSR.OB) Helps JFK Airport, Airlines Improve Efficiency

PASSUR Aerospace Inc. provides the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. The company serves most major airlines, over 50 airport customers, more than 200 corporate aviation customers and the US government. The company announced today that its pioneering, patent-pending system solution reduced ground congestion and delays during runway construction at one of the nation's busiest airports, John F. Kennedy International. PASSUR's collaborative passive software solutions and professional services program effectively coordinate the many elements of airport operations. This significantly reduces the length and duration of departure queues on the tarmac, reducing airline fuel costs…

TuesdayAug 03, 2010 12:03 pm

MMRGlobal (MMRF.OB) CEO Wins Third Victory in Battle with USDA

MMRGlobal, Inc. issued a press release yesterday afternoon to publicly announce that their CEO, Robert H. Lorsch, once again won in court the appeal put forth by the United States Department of Agriculture (USDA). The original complaint was first filed in 2003 and the battle has waged on for nearly 7 years, with Mr. Lorsch refusing settlement to instead fight the case in trial. In the original decision of the case, all charges were dismissed against Mr. Lorsch. The USDA was relentless and filed two separate appeals and has lost both of them as a final ruling was rendered again…

TuesdayAug 03, 2010 12:02 pm

Energy Holdings International, Inc. (EGYH.OB) Creates Oil and Gas Joint Venture

Energy Holdings International, Inc. reported that the company has signed a deal with a private entity to create a joint venture to invest in oil and gas and power projects on a global basis. Energy Holdings International, Inc. is forming a Special Purpose Corporation with Wasatah Capital and capitalizing the corporation with $50 million. Energy Holdings International, Inc. has identified several attractive opportunities in the oil and gas development and power generation areas, and will be providing acquisition experience and assistance in operating the assets after purchase. Wasatah Capital is an investment company formed several years ago with the approval…

TuesdayAug 03, 2010 9:05 am

Advanced Environmental Recycling Technologies, Inc. (AERT.OB) Announces Second Quarter Results

Yesterday, Advanced Environmental Recycling Technologies, Inc. announced that sales for the quarter ended June 30, 2010 were $23.2 million. This is up 5 percent from $22.1 million for the second quarter of 2009. As strict cost control continued, the Company's second quarter gross margin improved 2.4 percentage points for 2010 over the prior year. Mainly due to increased promotional expenses, selling and administrative costs for the quarter increased by $0.5 million or 1.3 percentage points of sales. Advanced Environmental Recycling Technologies, Inc. recorded operating income of $2.5 million. This represents a $0.3 million improvement over the quarter ended June 30,…

TuesdayAug 03, 2010 9:04 am

Universal Detection Technology (UNDT.OB) Comments on Bioterrorism Threat and Response in Los Angeles

Universal Detection Technology (UNDT.OB), a developer of monitoring technologies, including bioterrorism detection devices, recently commented on an anthrax scare at a downtown Los Angeles Metro station last week. This bio-terrorism threat forced an evacuation from the Los Angeles County Sheriff’s Department. At 5 a.m. PDT, a suspicious, white powdery substance was discovered at the 7th Street Metro Station, leading to an evacuation of the facility. Jacques Tizabi, Universal Detection Technology’s chief executive officer, stated, “The incident that happened in Los Angeles on Friday can occur anywhere, at anytime, underscoring the very real threat bioterrorism poses.” Mr. Tizabi continued, “For a…

TuesdayAug 03, 2010 9:03 am

Micro Identification Technologies (MMTC.OB) Creates Board of Science Advisors

Micro Identification Technologies Inc., developer of the MIT 1000, a groundbreaking new laser-based system for quickly and easily identifying pathogenic microbes, is in the process of forming a strong Science Advisory Board to give critical direction and advice on research and development objectives, and to provide oversight for the company’s technologies related to food safety and health. The Board of Science Advisors will be chaired by Ralph Emerson, a noted microbiologist and a member of the company’s Board of Directors. Mr. Emerson has biotech product development and research affiliations with some of the world’s leading companies, including Cargill, Nestle Purina,…

MondayAug 02, 2010 4:38 pm

Former U.S. Assistant Surgeon General to Join MusclePharm (MSLP.OB) as Chief Scientific Director

Muscle Pharm Corp. develops and manufactures nutritional supplements designed to enhance athletic performance. The company today announced former Assistant Surgeon General Dr. Roscoe M. Moore, Jr. as its new chief scientific director. Cory Gregory, president of MusclePharm, said Dr. Moore’s position will support the company’s progress toward its current and future objectives and operations. "We are honored and excited that Dr. Roscoe M. Moore, Jr. is joining our company as chief scientific director. His experience and knowledge in the medical field and his background within the FDA and US Public Health Services will be a tremendous asset to MusclePharm. In…

MondayAug 02, 2010 4:37 pm

MagneGas (MNGA.OB) Completes Refinery in China; Remaining Balance of Nearly $2 Million Contract Expected by End of August

MagneGas Corporation announced today that they have completed the MagneGas™ Refinery that was purchased by China partner DDI Industry International. The original announcement of the sale was issued in a press release March of this year and the progress has move forwardly rapidly since. DDI representatives are scheduled to arrive at the MagneGas corporate headquarters in Tampa, FL today to begin testing and training on the unit. Upon successful training and inspection of the System, DDI will assume ownership of the patented Plasma ArchFlow™ Refinery and pay MagneGas the remaining $950,000 balance of the contract. This payment is slated to…

MondayAug 02, 2010 4:35 pm

Divine Skin’s (DSKX.OB) Sigma Skin Brand to Hit Neiman Marcus Stores Nationwide

Divine Skin Inc., developer and distributor of personal-care products to wholesalers, retailers, specialty outlets, spas, salons and medical offices, today announced that its wholly owned Sigma Skin brand, a high-end line of cosmeceuticals for men, will be sold throughout the United States by retailer Neiman Marcus. Sigma Skin’s three-step Hair Regrowth System incorporates Hair Growth Stimulating Shampoo, Minoxidil Topical Spray, and Hair Conditioning Active Ingredient Spray, to combat hair loss through multiple pathways to regrow hair thicker, fuller and faster than any single treatment. Sigma Skin currently sells it hair loss and skin aging products through upscale retailers including Bergdorf…

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Month: August 2010