August 2011 - Page 5 of 25

ThursdayAug 25, 2011 7:58 pm

Guided Therapeutics (GTHP) Receives Grant to Assist in Commercialization of Cervical Cancer Detection Technology

Guided Therapeutics Inc. is developing a rapid and painless testing platform based on its patented biophotonics technology for the early detection of disease. The National Cancer Institute recently awarded the company $517,000 to fund the final year of a $2.5 million, three-year grant. The grant provides the company with the necessary resources to help commercialize and bring to market the LuViva(TM) Advanced Cervical Scan and Cervical Guide single-patient-use disposable. LuViva is a non-invasive device that provides immediate detection of cervical disease by scanning the cervix with light, instantly detecting and identifying cancer and pre-cancer. The technology is a stark contrast…

ThursdayAug 25, 2011 7:57 pm

Diversified Global Holdings Group Inc. (DGHG) Announces Financial Results for Six Months Ended June 30, 2011

On Thursday, Diversified Global Holdings Group Inc. announced their financial results for the six months ended June 30, 2011. The Company attributes their improved results, over the comparable period in 2010, to several successful acquisitions. Diversified Global Holdings Group Inc. is an expanding international holdings company with strong subsidiaries in emerging markets. Mr. Richard Lloyd, Chief Executive Officer and co-founder of Diversified Global Holdings Group Inc., stated, "Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of…

ThursdayAug 25, 2011 5:24 pm

Penson Worldwide, Inc. (PNSN) Sued In Class Action over Alleged Bogus Financial Statements

Stock clearing agent Penson Worldwide, Inc. (Nasdaq: PNSN) was sued over a basket of legal issues, including making false and misleading statements to inflate its stock price. The class action suit was brought by national law firm Levi & Korsinsky. According to the complaint, filed this week in United States District Court for the Northern District of Texas Dallas Division on behalf of purchasers of PNSN stock, Penson “issued materially false and misleading statements… and concealed from investors” the fact that much of Penson’s claimed receivables were poorly collateralized, or collateralized by illiquid customer assets. A large part of the…

ThursdayAug 25, 2011 2:08 pm

Tivus, Inc. (TIVU) Reveals the Future of In-Room Entertainment

According to Jeff Flaherty, a spokesman for Marriott International, the global hotel and resort operator and franchisor, “This new [TiVUS HD IPTV™] platform of Internet-based video-on-demand will facilitate our exit from the traditional hotel video systems…, and will also provide guests greater choice and control over what they watch”. It’s hard to get a firmer commitment and endorsement for a product. Tivus, a rapidly growing technology provider for the hospitality industry, provides a first-of-its-kind high definition Internet protocol television (IPTV) system to forward thinking hotels and resorts such as Marriott. The offering marks what many believe is the beginning of…

ThursdayAug 25, 2011 1:39 pm

CHDT Corp. (CHDO) Subsidiary Posts Record Performance for Three Straight Quarters on Strong Backlog and Constantly Evolving Product Portfolio

CHDT Corp.’s wholly-owned subsidiary, Capstone Industries, posted two performance records back to back for the last two quarters and is projecting another record for Q3, with year-to-date revenues and profits breaking through to new highs on the strength of a solid order backlog. Demonstrating the proficiency of South Florida-based CHDO, in handling the complex logistics of bringing innovative consumer products to North American markets via subsidiary Capstone Industries, Inc., Capstone has rapidly developed quite a reputation for specialized design, production and distribution of leading products like the Eco-i-Lite 6LED Power Failure Light and Pathway Lights® line of booklights and task…

ThursdayAug 25, 2011 11:32 am

First Internet Bancorp. (FIBP) Adds New Members to Mortgage Lending Team

First Internet Bancorp., a premier provider of online consumer and business banking services nationwide via First Internet Bank of Indiana, announced on Wednesday that it has doubled the size of its mortgage lending team in response to unprecedented growth in its mortgage lending business. The financial institution added seven account representatives and a second division manager, bringing its mortgage lending team to 16. David Becker, chairman and CEO, noted that the company's efficient nationwide Internet-based banking model enables it to offer some of the most competitive rates and closing costs in its industry. The success of First Internet's loan origination…

ThursdayAug 25, 2011 10:30 am

Longwei Petroleum Investment Holding Ltd. (LPH) Updates Fiscal 2011 and 2012 Operations

Longwei Petroleum Investment Holding Ltd. issued an operational update on its current business activities along with new guidance on sales and earnings over the next two years. Longwei Petroleum Investment Holding now expects sales in fiscal 2011 to be approximately $480 million, down 4% from the previous estimate. Net income is expected to be $65 million in fiscal 2011, adjusted for the company’s warrant derivative liability expense. The fiscal year ends on 6/30/2011. Longwei Petroleum Investment Holding has made a partial payment of $85.1 million towards the purchase of a fuel storage facility in Shanxi Province, China. The facility has…

ThursdayAug 25, 2011 9:12 am

Re-commerce goes Green; uSell.com (UPST) Partners with BuyMyTronics

Upstream Worldwide Inc., DBA uSell.com, today announced it has begun displaying offers from BuyMyTronics, an electronics buyback Web site that offers cash for more than 6,000 different types of electronics. The uSell Web site allows consumers to search for the electronic products they want to sell, such as cell phones, tablets, mp3 players and digital cameras; the site then immediately searches and displays the highest cash offers that top-rated buyers are willing to pay for the products. "This partnership offers strong support for our business," Brett Mosley, founder and CEO of BuyMyTronics stated in the press release. "uSell is known…

ThursdayAug 25, 2011 9:07 am

Visiting Nurse Service of NY Affiliate Engages Patient Access Solutions, Inc. (PASO)

Patient Access Solutions, Inc., a leading provider of information technology solutions for the healthcare industry, announced that Partners in Care, an affiliate of the Visiting Nurse Service of New York, has engaged the company for its Mobipen solution. For more than twenty-five years, Partners in Care has provided certified home health aides and private-duty nurses who are experienced, compassionate, reliable, and highly attentive to the individuals in their care. Employing more than 8,100 home health aides, RN's and LPN's, Partners in Care is accredited by the Community Health Accreditation Program (CHAP) and licensed by the New York State Department of…

WednesdayAug 24, 2011 1:28 pm

China Agri-Business, Inc. (CHBU) Reports Continued Growth for First Half of 2011

China Agri-Business, Inc. is a company on the rise. Located in Xi’an, China, the young company is a manufacturer and distributor of organic agricultural application products in China. Today, China Agri-Business took a major step towards prominence with the announcement of continued growth for the first half of 2011. During the three months ending June 30 of this year, China Agri-Business saw net income increase by 200% to $2,256,307. The company's total sales increased by 11% to $3,838,000 for the second quarter of 2011 compared to $3,452,574 in the second quarter of 2010. The company displayed additional numbers to show…

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Month: August 2011