Ecoland International, Inc. (ECIT) awarded new contract, shares rise
Posted on: December 5th, 2011Written by:
Shares of Ecoland International, Inc. (OTCBB: ECIT) climbed 16 percent on Moncontract from Johnson Controls on Monday after the Arizona-based company announced that it was awarded a contract from Johnson Controls (NYSE: JCI) exceeding $1.2 million, to be delivered over the next four months.
ECIT shares touched a high of $0.43 in morning trading on Monday, up from Friday’s closing price of $0.37.
According to a December 5 press release, the newly awarded project “signals the beginning of the second phase of Johnson Controls’ production relocation project,” which Ecoland’s subsidiary, D&R Technology has participated and “played an important role in for the last twelve months.”
The project “demonstrates the success of our business strategy and the confidence of our customer in our ability,” said D&R’s president Drasko Karanovic in the December 5 press release. “It is flattering to be one of the companies that helped Johnson Controls’ achieve best ever financial results for the past year. Our objective for the next period is to maintain and further develop this mutually beneficial relationship. Johnson Controls is world’s market leader in automotive seating with about 45% of the market. We see tremendous potential for our growth by simply satisfying their needs in the global market.”
For the three months ended August 31, Ecoland reported sales of $3,376, and a net loss of $47,730.
In early November, the company announced that it closed the acquisition of D&R Technology, Inc. Pursuant to the share exchange agreement, D&R’s shareholders will receive a majority share ownership in ECIT and it is anticipated that a name change will be made reflecting this change in majority share ownership. Also, according to the share exchange agreement, D&R’s management team will assume operational and managerial control effective immediately, a November 7 press release stated.
D & R Technology Inc. provides engineering, design and the manufacturing of automated tube processing solutions for the automotive industry.
Positron Corp. (POSC) soars on news of $38 million bonds award
Posted on: September 21st, 2011Written by:
Molecular imaging company, Positron Corp. (OTCBB: POSC) was up more than 49 percent in mid-day trading on Wednesday, after the company announced that the Indiana Finance Authority approved its $38 million Midwestern Disaster Area Bond volume cap application.
Shares of Positron touched a daily high of $0.029, in mid-day trading on Wednesday, up from Tuesday’s closing price of $0.0181.
According to a September 21 press release, the bonds will be a part of an overall long-term strategic investment Positron is making in its proposed high energy 70 MeV cyclotron project and radiopharmaceutical manufacturing facility in Noblesville, Indiana.
Positron is a molecular imaging company focused on Nuclear Cardiology. Positron provides innovative molecular technologies and services that are reshaping the field of nuclear cardiology through proprietary PET imaging and radiopharmaceutical solutions with a strong commitment to advancing the practice and technology of nuclear medicine.
Single Touch Systems Inc. (SITO) jumps on patent news
Posted on: September 12th, 2011Written by:
Single Touch Systems Inc. (OTCBB: SITO) saw its shares zoom higher by 11.6% to 48 cents Monday, on favorable patent tidings. Volume for the stock topped 147,000.
A news release dated Sept. 12 stated that company was issued U.S. Patent 8,015,307 for “System and Method for Streaming Media,” on September 6, another patent in the field of streaming media that further strengthens an already robust streaming media patent portfolio.
Recently, Single Touch sent “Letters of Notification” to Hulu who is jointly owned by Comcast (NASDAQ: CMCSA), News Corp (NASDAQ: NWSA) and Disney (NYSE: DIS) and to Netflix , Inc. (NASDAQ: NFLX), advising that Single Touch is the holder of issued US Streaming Media patents, which include US Patents 7,054,949; 7,191,244 and 7,689,706. The letters also noted the impending issuance of US Patent 8,015,307.
Single Touch Systems has filed and has been awarded more than 15 U.S. patents related to Streaming Media, Advertising and Abbreviated Dialing Codes.
In the release, Single Touch Chairman Anthony Macaluso said, “After years of establishing ourselves as a pioneer in mobility, and cementing our IP position, it has become increasingly important for us to take the steps necessary to protect what we have already established with the assistance of law firms such as Polsinelli Shughart and McKool Smith.”
Single Touch Systems Inc. is an innovative mobile solutions provider serving retailers, advertisers and brands.
International Isotopes Inc. (INIS) climbs on transfer news
Posted on: August 24th, 2011Written by:
International Isotopes Inc. (OTCBB: INIS) shares climbed 16.7% late Wednesday morning to 10.5 cents on news of a property transfer involving one of its proposed plants. Volume for the stock was 27,600 shares.
A press release out August 24 noted that the company, based in Hobbs, New Mexico has completed the process for the receipt of property transferred from the State of New Mexico and Lea County to the Company. The Company now holds title to the property consisting of 640 acres located about 10 miles west of Hobbs, and about 25 miles from the URENCO USA enrichment facility in Eunice, N.M.
The planned INIS de-conversion facility is expected to occupy approximately 40 acres near the center of this property. The Company plans to use the remaining property as a buffer zone for future expansion and for the potential co-location of prospective customer facilities utilizing the fluoride products produced from de-conversion and fluorine extraction.
The property was originally offered to INIS as part of an incentives package prepared by the Economic Development Corporation of Lea County.
In the same release, INIS CEO Steve Laflin said, “We are extremely pleased with the successful completion of this property transfer and look forward to the start of site development and construction activities. The land transfer process was complex and required a lot of hard work and diligence on the part of many individuals at the state and county level.
“INIS wants to express our appreciation to the numerous individuals, organizations, and municipalities that contributed to seeing this transfer process through to completion. This is a significant step forward in our plans to construct the nation’s first ‘green technology’, commercial depleted uranium de-conversion facility in Lea County.”
International Isotopes Inc. manufactures a full range of nuclear medicine calibration and reference standards, high purity fluoride gases, and a variety of cobalt-60 products such as teletherapy sources.
Document Capture Technologies Inc (DCMT) captures new agreement, stock hikes
Posted on: August 17th, 2011Written by:
Document Capture Technologies Inc (OTCBB: DCMT) saw its stock climb 10.6% to 37.6 cents on word of a new distribution pact with Microtek. No volume was reported for the stock on Wednesday morning.
A news release out August 17 effectively means that Microtek has been named the exclusive Asian distributor for DCT’s industry-leading products.
This relationship combines two global leaders in the design, development and production of image capture technologies and opens significant global revenue opportunities through the strong local sales and marketing presence of each partner. Microtek is the market leader in Asia with 1,500 sales locations and 90 service centers in China.
The release also quotes Document Capture CEO David Clark as saying, “this partnership is undoubtedly one of the most important in DCT’s history.
“Microtek is the industry leader in Asia both in sales and technology. With this bilateral arrangement, DCT gains an unparalleled foothold in the fastest growing economy in the world. We at DCT look forward to this partnership both for the Company and our shareholders.”
Based in Santa Clara, California, Document Capture Technologies is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms.
Midas Medici Group Holdings Inc (MMED) jumps after acquiring CIMCORP
Posted on: August 8th, 2011Written by:
Midas Medici Group Holdings Inc (OTCBB: MMED) shares rocketed 37.6% higher Monday to $2.38, a business day after closing its CIMCORP acquisition. Volume for the stock was around 25,300 shares.
A news release dated Monday, August 8, said the acquisition, first announced in July, was closed in a part-cash and part-stock transaction. Midas acquired 60% of CIMCORP upon the initial closing, with the remaining 40% being purchased in two equal-sized tranches within the next 24 months.
The acquisition of CIMCORP, which has IT operations across Brazil’s national territory, will allow Midas to significantly expand its current IT offerings into South America. CIMCORP has built strong relationships with both government and commercial clients over the years, resulting in over 200 employees and revenues in excess of $84 million in 2010.
The release quoted Midas Founder and CEO Nana Baffour as saying, “On behalf of our management and Board of Directors, I am pleased to announce the closing of Midas’ acquisition of CIMCORP — truly a milestone event for our company.
Continued Baffour, “This year we have consummated several major acquisitions, including Consonus, WeatherWise and EHFC. However our latest acquisition with CIMCORP takes center stage as we propel our IT service offerings with exciting new international initiatives, while immediately doubling Midas’ consolidated revenue generating capabilities. CIMCORP allows us to enter the fast-growing IT market in Brazil and Latin America as we look to leverage our new operations and develop new business prospects that wouldn’t be possible as separate organizations.”
Midas Medici Group Holdings, Inc., headquartered in New York, is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies.
