May 2011 - Page 12 of 33

FridayMay 20, 2011 9:22 am

China Integrated Energy, Inc. (CBEH) Appoints Jeff Chan Kok Wee to Chief Financial Officer Position

Located in XI’AN, China, this up-and-coming company has quickly gained a reputation as a leading non-state-owned integrated energy company. Today, China Integrated Energy took a major step towards prominence when they announced that Jeff Chan will replace Albert Pu as the company’s Chief Financial Officer. Pu resigned on April 28 this year. Chan brings a wealth of experience and knowledge to China Integrated Energy. A fellow member of the Association of Chartered Certified Accountants, Chan joined Ernst & Young Shanghai office in 2005 after working for four years with another large auditing firm in Malaysia. Throughout Chan’s professional career, Chan…

FridayMay 20, 2011 9:17 am

“Personalized Medicine” Trend Presents Opportunity for Device Manufacturers

Traditionally, prescription medications have been developed under a one size fits all philosophy. This approach is very inefficient, with half of all patients not responding to medication. Pharmaceutical and biotechnology companies are now looking to pioneer a new generation of medicines that are personalized to the specific needs of an individual patient. This is increasingly known as personalized medicine. Personalized medication can make pharma companies more productive and profitable. Traditionally, pharma pipelines have been loaded with countless drug candidates in the hope that one can make its way to blockbuster status, and compensate for the losses of those drugs that…

FridayMay 20, 2011 8:57 am

New Energy Systems Group (NEWN) Reports Financial Results and Confirms Guidance

New Energy Systems Group reported a strong year over year increase in sales and earnings in the first quarter of 2011. The company also confirmed financial guidance for 2011 and provided an update on business trends for the year. New Energy Systems Group reported sales of $27.1 million in the quarter ending 3/31/2011, a 20% increase over the $22.5 million of sales reported for the same quarter in 2010. The company reported net income of $5.5 million, or $0.38 per diluted share, in the most recent quarter, compared to $3.8 million, or $0.30 per diluted share, in the comparable quarter…

FridayMay 20, 2011 8:55 am

MedeFile International, Inc. (MDFI) Grants Exclusive Contracting Rights to ADAR

MedeFile International, Inc., a leader in Internet-enabled Personal Health Record (iPHR) management solutions, announced that it has granted exclusive rights to the government contracting firm ADAR, Inc. and its principals, Debbie and Keith Rieger, to market the Company's advanced iPHR solution to U.S. federal departments and agencies. Through the agreement, ADAR and the Riegers will market to various agencies, including the Veterans Administration, Department of Defense, Health and Human Services, and Department of Homeland Security. MedeFile also awarded Riegers non-exclusive rights to market the MedeFile system to companies, major medical institutions and other entities outside of the traditional government contracting…

FridayMay 20, 2011 8:53 am

Callidus Software, Inc. (CALD) Announces Continued Growth in Asia-Pacific

Yesterday, Callidus Software, Inc. announced that it has been experiencing continued growth across Asia-Pacific in the adoption of its Sales Performance Management (SPM) suite of software. Callidus has signed deals with five multinational financial services companies in less than a year. These companies reach more than 90% of the population of the region. Callidus’ line of Sales Performance Management software products helps its users organize their sales force through every step of the sales cycle, including training and coaching to incentives and rewards. The software products are used in several industries, such as high-tech, telecommunications, banking, insurance, and pharmaceuticals, and…

FridayMay 20, 2011 8:50 am

UnionTown Energy Inc. (UTOG) Issues Operational Update for 4 Key Properties

UnionTown Energy Inc., a company focused on building an oil and gas natural portfolio, yesterday issued an operational update on its current planned drilling programs and financing. The company’s near-term objective is to enter into productivity, which it plans to achieve with the prove-up of indicated reserves to reach their full value potential. UnionTown Energy has assembled four properties in its first phase of property acquisitions, which total more than 45,000 acres with promising oil and gas prospects. Third-party geological reports, along with previous drill test wells, suggest estimated recoverable reserves of approximately 133 million barrels of oil equivalent on…

FridayMay 20, 2011 8:48 am

PolyMedix, Inc.’s (PYMX) Lead Antibiotic Compound Demonstrates Positive Results against Cancer Treatment Complications

PolyMedix Inc., a biotech company focused on developing new therapeutic drugs to treat patients with acute infectious diseases and cardiovascular disorders, today announced that its lead antibiotic compound PMX-30063 has shown activity against oral mucositis, which is debilitating inflammation and ulceration in the mouth associated with complications of cancer treatment. The results were demonstrated when PMX-30063 was orally administered in an animal study. Stephen T. Sonis, DMD, DMSc, is chief medical officer at Biomodes, the facility where the studies were performed. Sonis said the results were “exciting” and emphasized the importance of PMX-30063’s performance in the study. “Radiation and chemotherapy…

FridayMay 20, 2011 8:46 am

Environmental Tectonics Corp. (ETCC) Announces Formation of NASTAR Foundation

Environmental Tectonics Corp. recently announced the formation of the NASTAR Foundation. This non-profit organization fosters opportunities for people of all ages to experience the excitement of aerospace exploration. The NASTAR Foundation's core focus areas are to inspire, facilitate, and grow public awareness and participation in aviation and space activities; enhance workforce development through life-long learning opportunities, and support innovative programs that improve science, technology, engineering and mathematics (STEM) education. In addition, core focus areas are to facilitate theoretical and applied research to meet the needs of the aerospace industry, and advance health & safety via the creation of medical and…

FridayMay 20, 2011 8:44 am

Affymetrix Inc. (AFFX) Launches Customizable Genotype Technology

Affymetrix Inc., a provider of technology used by top pharmaceutical, diagnostic and biotechnology companies, as well as by academic, government and nonprofit research institutes, has rolled-out its Axiom myDesign Targeted Genotyping Arrays to help researchers study disease mutations and characterize gene-gene interactions. The technology provides researchers the ability to design custom arrays to genotype 1,500 to 2.6 million markers per sample; from there, researchers can transition from genome-wide scans to zero-in on specific analyses using various approaches on the same platform. “Axiom myDesign TG Arrays will help researchers to quickly evaluate interesting variants from their GWAS, sequencing and candidate gene…

FridayMay 20, 2011 8:41 am

NetSol Technologies, Inc. (NTWK) Enters Agreement with Brasilinvest Group to Launch Joint Venture in Brazil

NetSol Technologies, Inc., a company that designs, develops, and markets software products for various industries worldwide, announced that it has signed a Memorandum of Understanding (MOU) with Brasilinvest Group, a large private business development company headquartered in Brazil, to create a software and IT service joint venture with a main focus on catering to the Latin American IT market. The new joint venture will leverage the NetSol platform of software products and services and the Brasilinvest Group’s regional presence to capitalize on the increased demand for enterprise software solutions in Latin America. In accordance with the terms of the MOU,…

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Month: May 2011