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Monthly Archives: December 2010

AdCare Health Systems (ADK) Completes Acquisition of Mountain Trace Nursing Center

AdCare Health Systems, Inc., a recognized innovator in senior living and health care facility management, has completed the acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million, with the closing effective on … Continue reading

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Compugen Ltd. (CGEN) to Receive $5 Million for R&D Initiatives

Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments … Continue reading

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QKL Stores Inc. (QKLS) Announces New Store Opening

QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store … Continue reading

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Wowjoint Holdings Ltd. (BWOW) Announces New Contracts Totaling $4 Million

Today, Wowjoint Holdings Ltd. announced it has secured a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd. With delivery anticipated to take place in March 2011, the equipment includes two customized 160-ton special carriers that will … Continue reading

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Delta Petroleum Corp. (DPTR) Closes On New Credit Facility

Delta Petroleum Corp. reported that it has closed on a new credit facility to help finance oil and gas exploration and development operations in 2011. The company said that Macquarie Bank Limited will provide a senior secured credit facility in … Continue reading

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Cogo Group, Inc. (COGO) to Complete Acquisition Next Quarter

Cogo Group, Inc., a leading provider of customized module and subsystem design solutions in China, announced that it intends to acquire certain businesses of MDC Tech, Inc. The businesses will be merged into Cogo’s existing Industrials business, which is currently … Continue reading

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California Gold Corp. (CLGL) Secures Financing to Fund Acquisition

California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target. California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to … Continue reading

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Radient Pharmaceuticals Corp. (RPC) is “One to Watch”

Radient Pharmaceuticals Corp. is dedicated to discovering, developing and commercializing unique high-value diagnostic tests that help physicians answer important clinical questions related to early disease-state detection, treatment strategy and the monitoring of disease progression or recurrence. The company has recruited … Continue reading

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Solarfun Power Holdings Co. Ltd. (SOLF) Signs 5-Year Supply Agreement with Top China Polysilicon Producer

Solarfun Power Holdings Co. Ltd., a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic (PV) cells and modules in China, today announced that it has signed a long-term supplementary wafer and polysilicon product supply contract with GCL-Poly Energy Holdings … Continue reading

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No News is Good News for IntelliPharmaCeutics International Inc. (IPCI)

Toronto, Canada-based Intellipharmaceutics International, Inc. released news this morning to report that it has not received any notification, as provided for under the Hatch-Waxman Act, of any patent infringement proceedings by Wyeth Pharmaceuticals, the brand owner of Protonix® and wholly-owned … Continue reading

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