August 2011 - Page 20 of 25

FridayAug 05, 2011 10:45 am

Beacon Equity Research Featured Company: Hondo Minerals Corp. (HMNC)

Hondo Minerals Corp. is focused on acquiring mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals. The company currently owns a total of 540 acres of mineral rights and an additional 720 acres of minerals claimed. The company’s Tennessee Mine is recognized as the largest producing silver mine in Arizona history. Operated from the late 1800's for the production of lead, zinc, gold and silver, the mine has as much as 40% of the historically proven veins intact underground, offering long range opportunities for continued growth.…

FridayAug 05, 2011 9:35 am

Great American Group, Inc. (GAMR) Subsidiary Acquires Portion of Outstanding Debt of TJ Hughes

On Thursday, Great American Group, Inc., a leading provider of asset disposition, valuation and appraisal services, announced that GA Europe, their European subsidiary, has acquired a portion of the outstanding debt of the United Kingdoms discount department store operator TJ Hughes for an undisclosed amount. TJ Hughes has struggled for the past few years against a backdrop of reduced consumer spending and increased competition. TJ Hughes is a 99-year-old department store chain based in Liverpool. They operate 56 discount department stores throughout the United Kingdom. On June 30, 2011, they entered administration with Ernst Young acting as their administrator. GA…

FridayAug 05, 2011 8:16 am

Highland Business Services Inc. (HGLB) Subsidiary Acquires Zipadi Technologies for Extended Market Reach, Offerings

Elevate Inc., a wholly owned subsidiary of digital services provider Highland Business Services, yesterday announced its acquisition of Zipadi Technologies LLC. The acquisition supports Elevate’s stated mission to revolutionize the way the world experiences ideas and information by integrating its network services with Zipadi’s software-as-a-service platform, which creates a rich interactive digital experiences across Web and mobile devices. Elevate said the combination of the two companies will increase the value it delivers to subscribers, leveraged by Zipadi’s foundation for future product development. “Elevate customers look to us for innovative solutions to enhance their digital lifestyle,” Wright Thurston, CEO of Elevate…

FridayAug 05, 2011 8:14 am

Spectrum Pharmaceuticals (SPPI) Reports Strongest Financial Standing Ever

Spectrum Pharmaceuticals, a commercial-stage biotechnology company that primarily focuses on oncology and hematology, has released its strongest financial standing ever, as of June 30, 2011. “We are extremely pleased with our third consecutive profitable quarter, strong cash flow, and record revenues,” said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. “The robust sales of FUSILEV and ZEVALIN in the second quarter demonstrate the significant and sustained recognition by physicians of the therapeutic value of these products. The FDA approval of FUSILEV on April 29th was a highly transformational event for Spectrum Pharmaceuticals. We are now…

ThursdayAug 04, 2011 8:49 pm

SilverSun Technologies, Inc. (SSNT) Reports Earnings for Second Quarter

SilverSun Technologies, the total solutions provider specializing in business software for the small and medium-sized business market, reported its financial results for its second fiscal quarter and for the six month fiscal period ending June 30, 2011 in a Form 10-Q filed with the Securities and Exchange Commission. For the fiscal quarter ending June 30, 2011, the Company reported revenue of $2,692,078, as compared to $1,787,425 for the second fiscal quarter of 2010, an increase of 50.6%. The Company reported, on a consolidated basis, net income of $2,352,531 in the fiscal quarter ending June 30, 2011, as compared to a…

ThursdayAug 04, 2011 3:24 pm

Delta Petroleum Corp. (DPTR) Reports Operational and Financial Update

Delta Petroleum Corp. reported a financial and operational update on the company’s oil and gas exploration and development activities in the United States. The company is involved with various projects in the Rocky Mountains area. Delta Petroleum reported cash of $3.9 million as of the end of the second quarter of 2011, with another $18 million available under a credit line. The company expects that this cash along with operating cash flow and the credit facility will be enough to fund the company’s capital program through the end of 2011. Delta Petroleum said that the Delta 2C well started production…

ThursdayAug 04, 2011 3:12 pm

Northwest Biotherapeutics, Inc. (NWBO) Announces Increase in Clinical Trial Sites for Its Immunotherapy Product DCVax®

Northwest Biotherapeutics, a development stage biotechnology company focused on discovering, developing and commercializing immunotherapy products that generate and enhance immune system responses to treat cancer, today announced that it is on target to fulfill its prior projection that it will have fifteen clinical trial sites open and active in Q3 of this year for its DCVax® immune therapy for Glioblastoma multiforme (GBM), the most lethal form of brain cancer. The Company now has twelve sites where there is an ongoing clinical trial of DCVax® immune therapy, including UCLA, New York University, Baylor Research Institute and Henry Ford Hospital. The Company’s…

ThursdayAug 04, 2011 2:37 pm

Beacon Equity Research Featured Company: Yippy, Inc. (YIPI)

Yippy, Inc. specializes in end-to-end computing solutions for consumers, enterprises and small businesses through its proprietary web-based product suites deployed over a cloud architecture that provides secure, redundant and maintained IT services for businesses and blazing speed over 3G for consumers through the BETA of Yippy's unique application services environment. Yippy provides secure family friendly online web destinations and services such as search, browser, email, cloud applications and storage. Recognized as offering one of the most robust search products online today, Yippy leverages an unparalleled approach to child safe web browsing and application aggregation within one of the most visually…

ThursdayAug 04, 2011 1:44 pm

Santarus, Inc. (SNTS) and Pharming Group NV (PHARM) Disclose FDA Special Protocol Assessment

Biotech firms Santarus and Pharming Group NV announced yesterday that they have reached agreement with the FDA on a Special Protocol Assessment (SPA) regarding design of their Phase III clinical study of their investigational drug Rhucin. The drug has already gained European approval (as Ruconest) for treatment of acute angioedema episodes in HAE (hereditary angioedema) patients, a genetic disorder. The Special Protocol Assessment (SPA) process is a streamlined method on the path to approval in which the FDA gives official guidance on the design of proposed drug trials. Or, as one Minyanville.com commentator succinctly put it, in explaining SPAs, “An…

ThursdayAug 04, 2011 1:32 pm

Viking Systems Inc. (VKNG) Posts Q2 Financials with Revenue Boost, Wider Loss

Viking Systems Inc., a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, today announced results for the first quarter ended March 31, 2011. The company reported a 63 percent increase in first-quarter revenues at $3.1 million compared to $1.9 million reported in the first quarter of 2010. The increase was driven by increased sales of Viking’s 3D vision systems, which the company sold 21 of in the first quarter of 2011 compared to the sale of one system in the first quarter of last year. Gross profit for the quarter was…

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Month: August 2011