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PureRay Corporation (OTCBB: PURY | Quote | Chart | News | PowerRating) Shares traded down 28.57% at $0.005
Based in Atlanta, PureRay is committed to improving the quality of light and the quality of life globally through safe, energy-efficient lighting. PureRay focuses on making solar-based charging and lighting systems practical and cost-effective for developing-world countries in Africa, South Asia, the Caribbean and Latin America, as well as for domestic markets. Its proprietary lighting system is patent-pending.
PURY News Wednesday, PureRay announced it will extend the date for filing a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission. Originally set for November 28, 2008, the filing date for the Form 15 to effect the deregistration of PureRay's common stock is being extended to December 12, 2008, to give PureRay's Board of Directors and management time to consider strategic alternatives to deregistration that they believe may be in the best interests of PureRay and its shareholders. PureRay may determine to implement any such strategic alternatives and, as a result, not file the Form 15 to effect the deregistration of its common stock. However, PureRay has not yet determined to implement any such strategic alternatives to deregistration. The determination to implement any such strategic alternatives to deregistration or not file the Form 15 to effect the deregistration of PureRay's common stock will be made by PureRay's Board of Directors. "We want to weigh all options that are available to us," said Mr. Jefrey Wallace, PureRay Corporation's President and CEO. "PureRay shareholders deserve no less than certainty from its Board of Directors that the company is moving in the right direction with regard to its being a public company."
Empire Energy Corporation International (OTCBB: EEGC | Quote | Chart | News | PowerRating) Shares stayed steady at $0.05
Empire Energy Corporation International, through its subsidiary, Great South Land Minerals Limited, engages in the exploration and development for petroleum/natural gas in Tasmania, Australia. It has interest in an onshore petroleum license comprising 30,356 square kilometers in Tasmania Basin. The company also holds interest in Pacific Rim Foods Limited, a food processing concern. Empire Energy Corporation International is headquartered in Leawood, Kansas.
EEGC News Wednesday, Empire Energy announced, along with its wholly owned Australian subsidiary Great South Land Minerals Ltd. (GSLM), the following business update: Management of Empire is pleased to announce that as a result of the closing of a financing, necessary funds have been provided to our driller and transport company to move the Hunt petroleum rig #3 to the Bellevue #1 well site to continue the drilling to total depth. The Hunt rig has been on standby in Tasmania awaiting this payment. We were told to expect that the rig should be set up and operating within 14 days of today's date. Our CEO, Malcolm Bendall, stated, "While the climate to obtain financing to complete the Bellevue #1 well has been difficult to say the least due to the global financial crisis, at long last we have completed one of several anticipated financing transactions which should allow us to complete this well which we expect will also lead to a series of additional wells, especially if Bellevue is successful. I want to take this opportunity to thank our shareholders and our hard-working staff for their perseverance and patience. I look forward to keeping you current on our progress as we drill to total depth!"
Kodiak Energy Inc. (OTCBB: KDKN | Quote | Chart | News | PowerRating) Shares traded down 1.54% at $0.64
Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded oil and gas exploration and development company focused on creating a portfolio of North American assets that offer production opportunities and asset growth through exploration. Kodiak has lease holdings in Montana, southeastern Alberta and high impact prospects located in the central Mackenzie River Valley of the Northwest Territories, Canada and in northeastern New Mexico.
KDKN News Wednesday, Kodiak Energy reports that a settlement was reached between the Corporation and Brink Energy Ltd. ("Brink"), a private Alberta junior oil and gas corporation. A statement of claim was filed by Kodiak against Brink on September 12, 2008 in The Court or Queen's Bench of Alberta, Judicial District of Calgary regarding the uncompleted transaction arising from the binding letter agreement ("Agreement") signed on June 18, 2008. Details to the transaction and statement of claim were previously disclosed. The settlement includes the repayment by Brink of the CAD$1,000,000 secured loan Kodiak made to Brink in July 2008, plus accrued interest as well as a resolution of other outstanding matters. The Corporation considers the issues between Kodiak and Brink have been resolved and that Brink is not longer indebted to Kodiak.
Fox Petroleum Inc. (OTCBB: FXPT | Quote | Chart | News | PowerRating) Shares stayed steady at $0.60
Fox Petroleum Inc. is an Independent Oil and Gas Exploration and Production Company headquartered in London, England, the financial capital of Europe, with a further operations office in Anchorage, Alaska. Fox is focused on exploration and production in the USA (Alaska's North Slope and Cook Inlet, Texas and Kansas), and also on the UK's North Sea and onshore. The Company's shares are publicly traded on the NASD OTC BB under the ticker symbol FXPT.
FXPT News Friday, Fox Petroleum announced the offering of Subscription for new shares in the capital of the Company to raise US$40m. Under the terms of a Subscription Agreement between the Company and Carbon Energy Investments Limited dated 5 November 2008, Carbon has agreed to subscribe for 80 million new shares at a subscription price of 50 cents per share raising a total of US$40m for the Company. The Subscription Agreement provides for the subscription to take place in stages with the sum of US$20m being subscribed on or before 7 December 2008, US$15m on or before 31 January 2009 and the balance of US$5m on or before 21 March 2009. The proceeds of the subscription will be used to fund the Company's projects with US$20m being made available to fund the Company's forthcoming drilling programme for the Bourbon concession in the UK North Sea.
MyECheck, Inc. (OTCBB: MYEC | Quote | Chart | News | PowerRating) Shares traded up 0.47% at $2.15
MyECheck, Inc., an early stage company, operates in the payment processing industry. It offers various solutions, such as real-time check authorization, payment guarantee, check image creation, and clearing and online reporting. The company?s services include Remotely Created Check (RCC) Service, a payment engine that enables Internet merchants and other companies to accept payments online or over a telephone; and Check Authorization Service, which enables merchants to verify consumer provided data, check the status of the customer?s bank account, provide evidence that the consumer has authorized the check, and predict the likelihood of a check being returned unpaid. Its services also include remote deposit capture and remittance processing solutions that enable companies to scan paper checks at the brick and mortar point of sale or back office, and remit check images for processing; merchant reporting services, including transaction history, and fees and settlement statements reports; and check guarantee services. In addition, the company offers services to support its RCC service, including fraud loss prevention services; and check remittance processing and remote deposit capture services for brick and mortar companies, such as banks and retailers. It provides electronic check image services to merchants, payment services providers, banks, and other businesses. The company was founded in 2004 and is based in El Dorado Hills, California.
MYEC News Friday, MyECheck announced that is has gone live at a new data center that will allow for four times the amount of throughput as before. The Company has seen an increase in business and data processing as it signs new clients and takes them live. While the Company was not yet at capacity on its old system, it felt that given the growth of transactions on the MyECheck platform, it would be prudent to ramp up capacity early. The information technology operations are a crucial aspect of our operations, and this new data center provides MyECheck with better business continuity, redundancy and a very secure environment minimizing the chances of a security breach. Ed Starrs, CEO of MyECheck, commented, "As our customer transactions continue to grow, so do we by enhancing and expanding our infrastructure. We continue our tact of being scalable with room to grow at a more cost effective rate as we expand our business into new sectors."
Tikcro Technologies Ltd. (OTCBB: TIKRF | Quote | Chart | News | PowerRating) Shares traded down 1.45% at $0.68
Tikcro is a company traded on the OTC Bulletin Board. Tikcro has holdings in BioCancell Therapeutics, Inc., a clinical-stage biopharmaceutical company operating in the area of cancer treatment. Tikcro is headquartered in Tel Aviv, Israel.
TIKRF News Thursday, Tikcro Technologies reported results for the third quarter and nine months ended September 30, 2008. Net income for the third quarter was $550,000, or $0.07 per share. Net income for the nine months ended September 30, 2008 was $479,000 or $0.06 per share. Net income in the third quarter was a result of financial income from Tikcro's holdings in BioCancell Therapeutics, Inc., a clinical-stage biopharmaceutical company operating in the area of cancer treatment. As of September 30, 2008 the Company had cash and marketable securities totaling $7.8 million. In July 2008, Tikcro acquired common stock, a convertible note and a warrant of BioCancell for a total consideration of $2.5 million. BioCancell is currently conducting a Phase IIb clinical trial using its leading drug, BC-819, for the treatment of superficial bladder carcinoma cancer. BioCancell is also at an advanced stage of receiving an approval to conduct Phase I clinical trials for the treatment of ovarian cancer and for the treatment of pancreatic cancer. In addition, Tikcro announced that it has appointed Mr. Eric Paneth, a member of the Board of Directors, as its Chief Executive Officer. Mr. Paneth has agreed to serve as Chief Executive Officer for no consideration. As noted in the Company's prior SEC filings, Mr. Aviv Boim, Tikcro's former Chief Executive Officer, will continue to serve as Tikcro's nominee to the Board of Directors of BioCancell.
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