April 2012 - Page 16 of 18

WednesdayApr 04, 2012 2:57 pm

Xtreme Oil & Gas, Inc. (XTOG) Releases Oil and Gas Update

Xtreme Oil & Gas updated investors and shareholders on the company’s recent oil and gas exploration and development activities in the United States. The company reported the successful completion of a saltwater disposal well on its acreage in Oklahoma. The well was drilled to a depth of 6,500 feet into the Arbuckle formation and has a total capacity of 150 million barrels of saltwater. Xtreme Oil & Gas plans to charge disposal fees to operators utilizing the saltwater disposal well and earn additional revenue from crude oil residue contained in the disposed fluid. The company estimates that this disposal well…

WednesdayApr 04, 2012 1:43 pm

Teletouch Communications, Inc. (TLLE) Subsidiary Inks Distribution Deal with Monster Digital

Teletouch Communications, a wireless telecommunications provider, today announced that it has signed a distribution agreement with Monster Digital®, an innovator and developer of advanced memory storage solutions. Per the agreement, Teletouch’s wholly owned subsidiary, Progressive Concepts Inc. dba PCI Wholesale (PCIW), will be the exclusive U.S. authorized distributor for the entire suite of Monster Digital’s SD and MicroSD memory cards. Monster Digital President Mike Ridling said the agreement strengthens the company’s strategy to extend its reach into the rapidly growing wireless industry, and noted the evolution of mobile phone functionality. “We are pleased to announce our distribution partnership with PCI…

WednesdayApr 04, 2012 1:41 pm

Iteris, Inc. (ITI) Awarded $12.4M Contract from the Research and Innovative Technology Administration

Iteris Inc., provider of traffic management solutions, today announced it has been awarded the prime contract from the Research and Innovative Technology Administration (RITA) for the National Intelligent Transportation Systems (ITS) Architecture Evolution and Support Program. The five-year award, expected to begin this month, has a ceiling valued at $12.4 million for the duration of the contract. Today’s announced contract is an extension of the relationship, calling for a two-year base period valued at approximately $4.9 million, as well as three one-year options that would extend through 2017. If all options are exercised, the total potential value of the contract…

WednesdayApr 04, 2012 12:34 pm

CAS Medical Systems, Inc. (CASM) Announces Publication of Study in Major Medical Journal

CAS Medical Systems is a leading developer and manufacturer of medical devices for non-invasive patient monitoring. The company's FORE-SIGHT Absolute Cerebral Oximeter is the only cerebral oximeter available with FDA clearance for non-invasive, continuous measurement of absolute cerebral tissue oxygen saturation for patients of all types. The company announced today the publication of a study illustrating the unique and valuable characteristics that its FORE-SIGHT oximeter offers for the evaluation of patients with congestive heart failure and related conditions. The paper was published in the March/April 2012 issue of Congestive Heart Failure Journal and is titled “Initial Description of Cerebral Oximetry…

WednesdayApr 04, 2012 10:15 am

Viking Systems, Inc. (VKNG) 3DHD Laparoscopic Visualization System Chosen By Baptist Beaumont Hospital for New Integrated Operating Rooms

Viking Systems, a leading worldwide developer, manufacturer, and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, announced today that is will be integrating its 3DHD Vision System into Baptist Beaumont Hospital’s new pair of integrated three dimensional operating rooms in Beaumont, TX. Jed Kennedy, President and CEO of Viking Systems, said, "For years laparoscopic surgeons have been performing surgery in two dimensions while 3D visualization technology was being developed and refined. More recently, laparoscopic surgeons were introduced to 3DHD vision through robotic surgical systems. Now the same quality 3D visualization is available in a stand-alone system…

WednesdayApr 04, 2012 10:14 am

EnteroMedics, Inc. (ETRM) Announces First Commercial Shipment of Maestro Rechargeable System for Proprietary VBLOC Weight Loss Therapy

EnteroMedics announced it has completed the first commercial shipment of the Maestro Rechargeable (RC) System to Device Technologies Pty Ltd., its distribution partner in Australia. This marks a significant milestone for the company, supporting its evolution to a commercial enterprise and its goal of delivering safe, effective, and sustainable weight-loss treatments to patients across the globe. The Maestro RC System delivers VBLOC vagal blocking therapy, which is a first-in-class weight loss treatment that controls both hunger and fullness by blocking the primary nerve regulating the digestive system. VBLOC is designed to be a safer, less invasive treatment for obesity that…

WednesdayApr 04, 2012 9:07 am

USEC, Inc. (USU) Video Chart for Wednesday, April 4, 2012

USU bounced off the $1 mark last week and is now making a double bottom pattern. The support level must hold, but two straight green closes could be signaling that the chart is going to take a run to the 50-day moving average $1.40. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

TuesdayApr 03, 2012 4:17 pm

ProGaming Platforms Corp. (PPTF) Files for U.S. Patent to Secure IP Protection for Proprietary Game Event Record Technology

ProGaming Platforms, the developer of a cutting-edge multiplayer online gaming and reward-processing platform, announced shortly after the closing bell today that it has filed an application with the U.S. Patent Office to protect the game event record technology underlying its proprietary multiplayer online gaming and reward-processing platform. According to today’s press release, ProGaming would be among the few gaming companies in the industry to have a patent protecting its technology if the application is approved. "ProGaming's platform accurately tracks the score of each participant playing against competitors in a particular skill game and correctly determines the winner based on game…

TuesdayApr 03, 2012 3:28 pm

China BAK Battery, Inc. (CBAK) Secures $1.9M Key Government Subsidy, Handles Orders for 12k High-Power Lithium-Ion E-Bike Units

China BAK Battery, one of the top global manufacturers of lithium-based cells that are an essential component of the rechargeable batteries that go in all our cell phones, smart phones, and laptops, as well as electric vehicles (EVs) and uninterruptable power supplies, recently reported reception of a $1.9M NDRC/MIIT subsidy for the company’s battery module project (the National Development and Reform Commission and the Ministry of Industry and Information Technology are key Chinese bodies that shape national economic/social development). This is a huge endorsement for CBAK from key government officials in support of the company’s leading battery lithium battery cell…

TuesdayApr 03, 2012 1:23 pm

World Surveillance Group, Inc. (WSGI) Subsidiary Achieves Strong Increase in Q1 2012 Sales

World Surveillance Group today announced that wholly owned subsidiary Global Telesat Corp. (GTC) achieved significantly higher first-quarter sales of its mobile satellite solutions (MSS), representing GTC’s best quarter since its acquisition by WSGI. The company partially attributes the increase to the recent launch of its e-commerce MSS Web site, www.gtc-usa.com. GTC provides mobile voice and data communications services globally via satellite to the U.S. government, defense industry, and commercial users. During the first quarter of 2012, the company provided various MMS, including specialized satellite tracking devices and messaging services for use in Afghanistan; satellite phones during the uprisings in the…

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Month: April 2012