July 2011 - Page 17 of 27

ThursdayJul 14, 2011 12:19 pm

ECOtality, Inc. (ECTY) Partners with car2go for Next Era of Carsharing

ECOtality, Inc., a leading clean electric transportation and storage technologies provider, has teamed up with car2go N.A. LLC, a subsidiary of Daimler North America Corp., to provide electric vehicle (EV) charging infrastructure to support the largest fleet of EVs in the United States. Per the agreement, ECOtality will support the first 100 percent electric car sharing program in North America, with plans for roughly 300 fortwo EVs in San Diego beginning late 2011. car2go’s all-electric program will provide more than 40,000 members with more than 1,000 low-emission smart fortwo vehicles across four cities. “Innovative car-sharing programs like car2go’s service are…

ThursdayJul 14, 2011 12:18 pm

Bitzio, Inc. (BTZO) Announces Completion of Second Acquisition

Bitzio Inc. is a company focused on smartphone applications, social media and marketing optimization. It works with developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenues and profits. The company announced today that it has entered into an agreement to acquire a developer of niche mobile applications for smartphones. The company acquired is one with a similar name, Bitzio Corporation. This company has developed over 140 mobile applications in unique markets with over 650,000 total downloads and is in the process of developing 4,000 additional mobile applications. Bitzio Corporation was founded in November 2010 by Amish…

ThursdayJul 14, 2011 10:19 am

BizRocket.com, Inc. (BZRT) Announces Pre-Teen Social Networking Website

Earlier this morning, BizRocket.com, Inc. publicly announced its patent pending KidzRocket.com subscription-based social networking website for pre-teens. A Facebook-like website for kids, KidzRocket.com provides a safe, fun, social networking destination with audio-video chat technology. KidzRocket.com believes its target market is the estimated 80 million households in the U.S. market with children or grandchildren. With subscriptions running at $5.95 a month, the company projects in this ever growing market it could yield revenues of approximately $4.0 million per month as stated in BizRocket.com's business plan, which the company plans to reach or exceed in its first three years. According to eMarketer,…

ThursdayJul 14, 2011 8:35 am

Global Holdings, Inc. (GOHG) Announces Agreement for Funding

On Wednesday, Global Holdings, Inc. announced an agreement for funding with New York based Eastern Funding for their joint venture with Solite, an Arizona-based technology enterprise. Solite commercializes a patent-pending daylight harvesting solution. This solution efficiently captures sunlight through rooftop collection arrays. It then distributes the concentrated light inside building interiors to provide free, natural illumination. Innovatively combined with LED lights and controls, it offers a highly efficient lighting solution throughout the day. The products do not need to convert solar lighting to electricity as solar panels do. Lately, news on solar energy harvesting has focused on individual success with…

ThursdayJul 14, 2011 8:32 am

Augme Technologies Inc. (AUGT) Posts Q1FY2012 Results, Reaffirms FY Guidance

Augme Technologies Inc., a full service provider of mMarketing mobile marketing solutions, yesterday announced its operating results for the first quarter of fiscal year 2012, and reaffirmed its guidance for the full fiscal year ending February 29, 2012. For three months ended May 31, 2011, the company's recognizable revenue was $1.20 million, an increase of 321 percent compared to revenue of $286,323 in the first quarter of fiscal year 2011, and a 25 percent increase when compared with revenue of $963,004 in the fourth quarter of fiscal 2011. The company reported a net loss of $4.0 million, or ($0.06) per…

ThursdayJul 14, 2011 8:23 am

MusclePharm Corp. (MSLP) Reports Preliminary Results for Second Quarter 2011

MusclePharm Corp., an expanding U.S. nutritional supplement company, was pleased to report today its preliminary financial results for the first quarter ended June 30, 2011. On a preliminary basis, the company anticipates unaudited gross revenues for the three months ended June 30, 2011 of approximately $4,000,000, an outstanding increase of approximately 854% as compared to gross revenues of $468,109 during the corresponding three month period ended the year prior. Gross Margins for the first quarter of 2011 are expected to have increased to approximately 35%, or $1,320,000, as compared to gross margins of approximately 23%, or $106,859, in the second…

ThursdayJul 14, 2011 8:13 am

Consorteum Holdings, Inc. (CSRH) Announces Acquisition of Media Exchange Group, Inc.

Today before the opening bell, Consorteum Holdings, Inc. announced that it has completed the acquisition of Media Exchange Group's assets and mobile licensing agreements. Craig Fielding, CEO of Consorteum, commented, "As indicated in the press release announcing our definitive agreement, Consorteum plans to expand and strengthen its ability to move into the next generation mobile banking era and offer the mobile applications that consumers have demanded." "Media Exchange Group's CAPSA platform will enable Consorteum to develop new services that greatly enhance our ability to process financial transactions, which has been the core strength of our company," he continued. "In addition,…

WednesdayJul 13, 2011 5:47 pm

Magal Security Systems Ltd. (MAGS) PipeGuard Technology passes 12 for 12 in Product Trials

Magal Security Systems Ltd., an international provider of security, safety and site management solutions and products, today announced it has received official notification from Mexican state-owned petroleum company Pemex regarding Magal’s sub-terrain intrusion detection sensor, PipeGuard [TM]. PipeGuard is a patent detection system used for underground asset protection. The technology is applicable to the protection of pipelines, communication lines, prisons and bank vaults, to thwart terrorism, theft, tunneling attempts and inadvertent third-party damage. Pemex recently conducted a trial involving actual excavation operations near a buried pipe and was performed manually using shovels or picks. The trial began in March 2011…

WednesdayJul 13, 2011 5:45 pm

Vibra Bank (VBBK) Swings to Profit YoY in Q2, HY2011

Vibra Bank today announced its unaudited financial results for the second quarter and six months ended June 30, 2011, reflecting its focus on the Hispanic business and professional market in San Diego County. "We are pleased to report a continuing expansion of the profitability which began in the fourth quarter of 2010" Vibra Bank Chairman Enrique Schon stated in the press release. "Our continued success is the result of efforts to extend credit to small businesses, and demonstrates the power of our bicultural focus, our local decision-making, and our commitment to excellent service." For the second quarter ended June 30,…

WednesdayJul 13, 2011 3:09 pm

Force Fuels, Inc. (FOFU) Moves Forward with Second Phase of Drilling Plan

Force Fuels, Inc. announced this afternoon that it has begun Phase II of its drilling plan with Carroll Energy, which includes preparing the reports needed to complete 15 new wells on the properties Force Fuels acquired. Force Fuels anticipates completing the geological analysis and field study within two weeks. The company will then be able to move forward with the final drilling permit filings. Once the final permits are issued, Force Fuels will schedule the drilling contractor and other service work as required. "This is the last Phase to complete prior to drilling the 15 new wells. As I stated…

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Month: July 2011