August 2011 - Page 8 of 25

MondayAug 22, 2011 11:11 am

Bering Exploration, Inc. (BERX) Updates Oil and Gas Activity in Texas and Louisiana

Bering Exploration, Inc. issued a financial and operational update covering the company’s oil and gas exploration and development activities in the United States over the last month. Bering Exploration reported that the company has closed on the purchase of 265 acres of oil and gas leasehold in Singer, Louisiana. The company estimates that the property has gross reserves of 1.3 million barrels of oil, with a monetary worth of $104 million, or $4.16 per share. Bering Exploration also announced a successful well drilled on the company’s properties in Texas. The Chicas Locas #1 well is located at the Roxanne Field…

MondayAug 22, 2011 10:45 am

Medina Holdings International, Inc. (MIHI) Announces Distribution Agreement with Wilhelm Security Solutions, LLC

Today, Medina Holdings International announced that its subsidiary, WinTec Protective Systems, Inc., has executed a Distribution Agreement with Wilhelm Security Solutions, LLC. The distribution agreement will be for the sale of CorTain, a nano based polymer anti-corrosive coating system designed to either end or slow corrosion. Wilhelm Security Solutions, LLC, is a woman-owned small business (WOSB), distributor and installer specializing in building productive products for high security, defense-related and at risk environments. The company was founded by Wayne and Dianna Wilhelm whom have a combined 50 years of experience in the construction industry. Wilhelm and WinTec will make for a…

MondayAug 22, 2011 10:41 am

BioDelivery Sciences International, Inc. (BDSI) Launching ONSOLIS in Canada

BioDelivery Sciences International Inc. is a specialty pharmaceutical company that is commercializing new applications of proven applications. The company is currently focusing its efforts in the areas of pain management and oncology supportive care. The company today announced that the commercial launch and availability of ONSOLIS (fentanyl buccal soluble film) in Canada will occur this quarter. ONSOLIS is approved in the US and Canada for the management of pain in opioid tolerant, adult patients with cancer. This product will be marketed in Canada by Meda Valeant Pharma Canada Incorporated, a joint venture between BioDelivery Sciences' commercial partner for ONSOLIS, Meda,…

MondayAug 22, 2011 9:15 am

Pegasi Energy Resources Corp. (PGSI) Elects Oliver C. Waldron as Chairman

Texas-based oil and gas exploration and production company Pegasi Energy Resources Corp. recently announced that the company had elected Dr. Oliver C. Waldron as Chairman of the Board. Mr. Michael Neufeld, President and CEO of Pegasi, was the previous acting Chairman of the company, and will retain the positions of President and CEO at Pegasi. Pegasi, headquartered in Tyler, TX, is currently focused on building a portfolio of drilling opportunities that exploit underdeveloped oil reserves. Current Pegasi projects include a repeatable, low geological risk, high potential project in the active East Texas oil and gas region. With over 30 years…

MondayAug 22, 2011 9:11 am

B Green Innovations, Inc. (BGNN) Signs Agreement with Telebrands “As Seen On TV”

On Friday, B Green Innovations, Inc. announced that they signed an agreement with Telebrands "As Seen on TV" to market and license their VibeAway® product. Currently, Telebrands is testing an array of creative approaches to structure the correct sales message. If Telebrands executes a successful test, the VibeAway® product could begin a mass advertising campaign in late 2011. Jerry Mahoney, Chief Executive Officer of B Green Innovations, Inc., said, "We believe that the VibeAway® product is appealing to Telebrands because it has been proven to appeal to consumers. We entered into this agreement because we believe that the consumer appeal…

MondayAug 22, 2011 7:58 am

Scorpex, Inc. (SRPX) Provides Investors with Update on Audit and Financials

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, just announced additional details of the previously reported initiative to prepare its financials for a formal audit. An SEC accredited audit will raise the Company's status to "Fully Reporting" while increasing transparency for both current and future investors. As announced two weeks ago, Scorpex has engaged the services of the Acadia Group to prepare for its audit and the filing of financial reports with the U.S. Securities and Exchange Commission ("SEC") pursuant to the Securities Exchange Act of 1934. The Acadia Group…

FridayAug 19, 2011 3:51 pm

Scorpex, Inc. (SRPX) $30M Deal with IET Inc. Speeds-up Facility Launch

The Mexican manufacturing sector is rapidly expanding. The development of new and existing industries, paired with increased investments from foreign national companies, is driving a significant increase in the need for disposal of industrial waste. Scorpex Inc., an emerging industrial, hazardous and toxic waste disposal service provider, aims to capitalize on this need as it executes its strategy to become a recognized leader in the waste disposal industry in the Baja Mexico/California region. Future plans include expanding to other locations. The company recently inked a $30 million major equipment deal with Kentucky-based International Environmental Technologies Inc. (IET), in which Scorpex…

FridayAug 19, 2011 1:46 pm

China Sunergy Co. Ltd. (CSUN) Posts Widened Q2 Loss, Cuts FY Shipment Outlook

China Sunergy Co. Ltd., a specialized solar cell and module manufacturer, today announced its financial results for the second quarter ended June 30, 2011, and cut its full-year shipment outlook based on lower shipments and selling prices in the second quarter of 2011. For the second quarter of 2011, China Sunergy reported revenue of $144.0 million, a 22.4 percent increase over the second quarter of last year, but a decrease of 13.1 percent compared to the first quarter of 2011. Gross profit for the second quarter was $3.7 million, an 84.1 percent increase over the second quarter of 2010 and…

FridayAug 19, 2011 1:01 pm

AdCare Health Systems, Inc. (ADK) Signs New Agreement to Purchase Skilled Nursing and Assisted Living Community for $13.5 Million

AdCare Health Systems, Inc., a leading provider of skilled nursing and assisted living facility management, announced today that they will purchase for $13.5 million an Ohio skilled nursing and assisted living community. The community has 193 beds and generates about $12 million in gross annualized revenues. AdCare plans to finance the acquisition of the assisted living facility with a 30-year, fixed-rated, tax-exempt bond issuance, and finance the skilled nursing facility with a traditional bank loan. "Our strategy of acquiring skilled nursing facilities is proving highly successful, not only in our closing rate and terms, but also in our post-acquisition performance.…

FridayAug 19, 2011 12:16 pm

Tivus, Inc. (TIVU) Announces Debut of e-SmartRoom IPTV Solution to Hotel Industry

Tivus, Inc. announced that it has officially launched the e-SmartRoom™, its first-to-market no-cost solution to replace the hospitality industry’s legacy CRT TV systems with a complete TiVUS HD IPTV in-room internet and entertainment solution, including ad-insertion technology and new 42" flat-screen HDTVs. The e-SmartRoom solution has been specifically designed to be a complete HD IPTV solution with no cost to the hotel property. TiVUS' e-SmartRoom offers hotel guests unlimited in-room movie rentals, free-to-guest (HD) channels, iPad interfaces, secure wireless internet (multiple devices), and access to an in-room printer (including fax). TiVUS' e-SmartRoom solution includes: all hardware costs, all software costs,…

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Month: August 2011