Patrice Green In Houston - Patrice Green In Houston
With the high prices of energy these days, especially at the pumps, is
the next generation of technology in battery power? Electro Energy,
Inc., a developer and manufacturer of advanced rechargeable batteries,
believes so. The Connecticut-based energy company, founded in 1992, is
rapidly making the concept of battery power as a viable source of
energy a reality. With advancements in battery technology, the company
currently holds eight U.S. patents and five foreign patents, with
another three patent applications pending.
VoIP, Inc. (OTCBB: VOIC), a company that provides wholesale
long-distance and local telephone services through its VoIP network,
announced that it had entered into definitive agreements for a private
placement comprised of secured convertible notes issued to a number of
institutional investors, including existing shareholders. The company
agreed to issue Notes carrying a face value of $2,871,601, resulting in
net proceeds to the company of $2,497,044. Proceeds will be used to
repay outstanding promissory notes and other obligations to investors,
and to support working capital requirements created by the company's
growth. VoIP received approximately $1.3 million in the first closing
and is expected to receive the remaining proceeds under closings
scheduled for January 18, 2008 and February 18, 2008. The company has
been cash-strapped to fund operations for more than one year since the
new management team took over. The proceeds should help the company
continue to expand its network. The stock ended the week at $0.55, down
1 cent.
Patrice Green Houston Tx The
massive sell-off last week created a significant amount of technical
damage for those that follow the charts. The S&P 500 Index (SPY)
fell for a 6th day since setting a high on July 19th, falling to a
three-month low under the May/June support levels. The sell-off pushed
the Index far below its Daily Lower Bollinger Band, an event seen only
once or twice a year. Volume in the SPY on Thursday was more than 50%
above the previous high volume level for the index, suggesting the kind
of panic selling that often characterizes near-term bottoms.
Interestingly, Thursday represented the highest level of corporate
stock buybacks announced in one day since September 11th.
The bulls continued to maintain their stranglehold on Wall Street
last week, as many of the key indexes established multi-year highs. The
Dow closed the week up 234 points, increasing its year to date gain to
15.2%. The Nasdaq finished up 56 points and increased its year to date
gain to 10.9%. The S&P 500 finished up 20 points and is now up
12.3% for the year, while the Russell 2000 rose 19 points and in the
process the small-cap benchmark established an all-time high. It is up
17.1%
Pluristem Therapeutics (NASDAQ: PSTI), a company engaged in developing
regenerative therapies from stem cells derived from the placenta,
presented the company's development program on the Tel Aviv Stock
Exchange last week. Dr. Edwin M. Horwitz, Chairman of Pluristem's
Scientific Advisory Board and one of the world's renowned pioneer
scientists in the field of stem cells and utilizing mesenchymal stem
cells in clinical trials in the US, provided an update on the company's
progress to an audience of institutional and private investors. Shares
gained nine cents on the week to close at $1.34.
Digital Angel (NASDAQ: DIGA), an advanced technology company
in the field of rapid and accurate identification, location tracking
and condition monitoring of high-value assets, announced it has
acquired Geissler Technologies Corporation, a leading developer of
next-generation electronic identification and imaging technologies for
animals. The acquisition of Geissler Technologies, which will be
incorporated into Destron Fearing, Digital Angel's existing animal
applications business, brings back a founder of Destron Fearing,
Randolph K. Geissler, who again will become the president of Digital
Angel's animal applications business. This acquisition not only brings
new technologies to Digital Angel, but also brings solid contractual
relationships with distributors that provide data systems support used
to implement animal management programs in support of current and
future food safety regulation needs. The combination of Destron
Fearing's history in commercial markets and Geissler Technologies'
technological innovation makes this a powerful partnership to address
the ever-changing needs of the industry. The stocked increased $0.15
for the week, to close at $0.67.
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