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SAND Technology Inc. (OTCBB: SNDTF | Quote | Chart | News | PowerRating) Shares traded up 2.63% at $0.39
SAND Technology provides Data Management Software and Best Practices for storing, accessing, and analyzing large amounts of data on-demand while lowering TCO, leveraging existing infrastructure and improving operational performance.
SNDTF News Yesterday, SAND Technology reported a loss for the three-month period ended October 31, 2008. The Company reported a net loss for the first quarter of fiscal year 2009 of $989,850 on revenues of $1,223,928 compared with a net loss of $304,920 on revenues of $1,784,925 for the first quarter of fiscal year 2008. All figures are in Canadian dollars. "Our first quarter in fiscal 2009 has been a disappointing quarter for us," notes Arthur Ritchie, President and Chief Executive Officer of SAND. "Given the current global financial crisis, the environment is more challenging than we previously anticipated and customers have adopted a more cautious attitude to spending by decreasing and/or delaying the placing of orders and conserving their cash. While we are concerned about the uncertainties in the macro-environment, we believe that the value of SAND/DNA products as an enabling technology that increases efficiency and saves costs will remain intact over the long-term. These strengths may prove to be real opportunities in a time when budgets are being cut. Despite the macro factors affecting our business, we continue to make positive strides in attracting new business directly from customers and indirectly through our systems integrators and application vendors."
International Power Group Ltd. (OTCBB: IPWG | Quote | Chart | News | PowerRating) Shares traded down 16.67% at $0.01
International Power Group, Ltd., a development stage company, engages in the construction and management of waste disposal plants in the United States. It primarily intends to build and operate waste-to-energy facilities to process solid and hazardous wastes by incineration. The company was founded in 2002 and is based in Celebration, Florida.
IPWG News Yesterday, International Power Group announced that its Board of Directors has approved a plan to locate the Company's AddPower low temperature turbine waste-heat-to-energy technology into a wholly owned Nevada Corporation subsidiary. Under this plan, which will require shareholder approval, each record date shareholder in International Power will receive one share of the new Nevada subsidiary (AddPower, Inc.) for every ten shares of International Power, and an initial public offering of shares in AddPower, Inc. will follow.
International Stem Cell Corporation (OTCBB: ISCO | Quote | Chart | News | PowerRating) Shares traded down 5.13% at $0.185
International Stem Cell Corporation, a biotechnology company, focuses on the development of therapeutic and research products. The company is developing stem cells that are comparable in function to embryonic stem cells from which, cells for human transplant can be derived; techniques to cause those cells to be differentiated into the specific cell types required for transplant; and manufacturing protocols to produce these cells without contamination with animal by-products in compliance with the U.S. Food and Drug Administration requirements. Its cells could be used for the treatment of various diseases, including diabetes, liver disease, corneal disease, and retinal disease through cell transplant therapy. The company also develops research products, including specialized cell systems, and media and reagents for use in stem cell and other medical research. International Stem Cell sells its research products to academic institutions, governmental entities, and commercial research companies. The company was founded in 2001 and is based in Oceanside, California.
ISCO News Yesterday, International Stem Cell announced that it had received the first $1 million tranche of an anticipated private equity financing of up to $5 million to be funded over the next several months. The total amount of the financing is intended to allow the Company to retire its existing secured debt and fund operations of the Company as it moves forward with planned pre-clinical trials in the first quarter of 2009. "This is an important vote of confidence by a sophisticated investor group and we believe it is a major first step on the path to making our company financially independent," said Kenneth Aldrich, CEO of the Company.
Little Bank Inc. (OTCBB: LTLB | Quote | Chart | News | PowerRating) Shares traded up 10.39% at $12.75
Little Bank, Inc. provides banking products and services to its customers in the United States. Its personal accounts include classic account, interest checking, 50+ classic account, easy checking, money market savings, statement savings, certificates of deposits, and individual retirement accounts. The bank also offers consumer loans, commercial loans, credit cards, debit cards, home equity loans, overdraft protection, residential mortgages, personal and business credit lines, MC/Visa merchant accounts, safe deposit boxes, telephone transfers, and investment services. Its business services include small business checking, commercial analysis checking, business interest checking, and business money market savings, as well as investment sweep accounts, online bill pay, online ACH, and wire services. The bank serves the Lenoir, Wayne, Onslow, and Pitt county markets. It operates through its main office in Kinston, as well as branch offices located in Goldsboro, LaGrange, Jacksonville, and Greenville in North Carolina. Little Bank is headquartered in Kinston, North Carolina.
LTLB News Yesterday, Little Bank announced it has completed the issuance and sale of $7.5 million in preferred stock as part of the U.S. Department of the Treasury's Capital Purchase Program ("TCPP"). The little bank closed on these funds on December 23, 2008. The TCPP is designed to attract broad participation from healthy banking institutions to help stabilize the financial system and increase lending for the benefit of the U.S. economy.
Sparta Commercial Services Inc. (OTCBB: SRCO | Quote | Chart | News | PowerRating) Shares traded up 20% at $0.06
Sparta Commercial Services, Inc., a specialized consumer finance company, engages in the origination of leases, and the purchase of retail installment sales contracts of new and used motorcycles, scooters, and all-terrain vehicles in the United States. It also offers fleet leasing to dealers and owners of motorcycle rental fleets; and provides equipment leasing to municipalities, including police motorcycles. The company was founded in 2001 and is based in New York, New York.
SRCO News Yesterday, Sparta Commercial Services announced that its wholly owned subsidiary, Sparta Funding LLC, has entered into a one year, extendable revolving credit agreement with Autobahn Funding Company LLC as lender, and DZ Bank AG Deutsche Zentral-Genossenchaftsbank New York Branch ("DZ Bank") as Administrative Agent and Liquidity Agent. The new credit facility is for the purchase of retail sales and lease contracts secured by new and used powersports vehicles, including motorcycles, select scooters, and all-terrain vehicles (ATVs), and a portion of this facility can also be used to finance municipal and commercial fleet leases. DZ Bank, based in Frankfurt, is the fifth largest bank in Germany, is the central bank for approximately 1,000 cooperative banks and maintains a presence in key financial centers throughout the world.
Advanced ID Corp (OTCBB: AIDO | Quote | Chart | News | PowerRating) Shares stayed steady at $0.085
Advanced ID Corporation is a complete solutions provider in the RFID market with a focus on the tire management industry. The company is also a major factor in the tire inspection business through its UK based Pneu-Logic subsidiary. The Company is active in the pet recovery business through its AVID Canada subsidiary in Calgary, Alberta, and has developed a UHF RFID reader product line through its Advanced ID Asia Engineering technical support and business development partner in Chiang Mai, Thailand.
AIDO News Yesterday, Advanced ID announced that its RFID tire technology was profiled in a feature story by Modern Tire Dealer ("MTD"), a tire industry trade publication, written by Matt Strong. According to MTD, Matt Strong is a 30-plus year tire and automotive industry veteran. Throughout his career, he has managed marketing activities for a global tire manufacturer, operated a large tire retail/wholesale business, worked in tire and automotive public relations, competed in numerous drag and road racing events, and has contributed a number of articles to Modern Tire Dealer magazine.
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