Green EnviroTech Holdings Signs Authorized Representative Agreement With EcoEnergy Ventures For Source Funding In China Jul 24, 2014 09:05AM

OAKDALE, July 24, 2014 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. ("GETH" ) (OTCQB: GETH) announced today that the company has signed an Authorized Representative Agreement with EcoEnergy Ventures Pty Ltd. ("EEV") of Melbourne, Australia through Black Lion Oil Limited (BLOL), a company which GETH has a service and management fee agreement. EEV is an Australian-owned company that develops Thermal Waste to Energy Projects, diverting waste from landfills to create clean energy sources.

Gary De Laurentiis, CEO stated, "We are pleased to announce the agreement with EcoEnergy Ventures Pty Ltd ("EEV"), which further expands our development plans in various countries worldwide. GETH has been working with EEV for the last six months developing a business plan for specific areas. EEV looked at similar technology and chose GETH based on the quality of our oil and the cost and efficiency of the technology.

The agreement provides that GETH will support EcoEnergy Ventures with opportunities to employ the GETH Oil Conversion Technology in the Tianjin region of China. The agreement for representation for GETH is though Black Lion Oil (BLOL). GETH/BLOL will engage the services of EEV to introduce opportunities, projects, qualified investors and financing sources to GETH/BLOL. In addition, EEV could provide GETH with the financial and operating partners capable of owning and operating GETH Systems in specific projects in the "Tianjin Region" in China under technology licensing and other support service agreements with GETH/BLOL.

The City of Melbourne has been a "sister city" to Tianjin since 1980 and has developed a very strong relationship with the Tianjin's leaders. As a member of the City of Melbourne's Clean Technology Leaders delegation to Tianjin, EEV was able to develop strong relationships with government and industry leaders in the Tianjin region. These relationships should generate a great deal of confidence that the GETH project will be given consideration by the local governments.

De Laurentiis added, "We are also in discussions with EEV to represent GETH/BLOL in Australia and expect the parameters of the agreement finalized within the next few weeks. EEV is in the process of preparing an investment prospectus for six proposed plants in Australia. EEV will focus on tires as feedstock, which is currently a huge problem in their country. The first plant will be in Perth, starting with two systems. GETH is extremely excited to be part of the first waste tire to oil plant in Australia."

Dylan Nichols, Director of EcoEnergy Ventures, commented: "We are very excited to be working with GETH and Black Lion to develop clean energy projects in Tianjin and Australia. We see the GETH solution as best in class in regards to its efficiency, modularity and end products. It is the perfect solution for the Australian tire market, which is desperate for solutions for its increasing environmental issue".

About:

Green EnviroTech Holdings Corp.

Green EnviroTech Holdings (GETH) is a green innovative conversion technology company, which holds a patent pending process for converting waste tires and mixed plastics, destined for landfills, into high-grade oil. The company has received a contract to purchase GETH oil from ConocoPhillips (NYSE: COP). The GETH process helps solve America's environmental issues. Each GETH system converts approximately 545,000 tires per year into 17,220 barrels of oil and by-products (Syngas, Carbon and Steel). The process also converts 12,000,000 pounds of mixed post-consumer plastics per year, not currently recycled, and produces 32,500 barrels of oil and by-products. The GETH process produces no emissions.

For further information about the Company, visit www.greenenvirotech.com and/or email info@greenenvirotech.com.

About:

Blacklion Oil LTD.

Blacklion is an Irish based company with its primary focus on emerging green technology that has international applications. Blacklion's first investment was the acquisition of the non-US rights for the Green EnviroTech plastic/tire to oil technology. Blacklion is currently partnering with regional technology companies in strategic markets to expand the GETH footprint.

Blacklion Oil LTD.

92/93 St. Stephens Green

Dublin D2 Ireland

+353 (1) 4283534

About:

EcoEnergy Ventures Pty Ltd.

The core of EcoEnergy Ventures (EEV) is led by a passionate management team with extensive experience in energy and commercial project development. EEV's directors are keen environmental advocates, have over two decades of commercial experience in Australia's energy and environmental industries, and have developed and delivered energy projects nationally.

EEV's people include experienced engineers, scientists, business and project managers, all of whom hold advanced degrees and are leading experts in the development and commercialization of Thermal Waste to Energy (TWtE) projects.

Flexibility, versatility, a wide knowledge base, and access to a wide variety of solution set EEV apart from our competitors. EEV are pioneering the TWtE industry in Australia, bringing the latest international innovations in TWtE technology. EEV is a member of the Clean Energy Council, Waste Management Association of Australia and the Australian Institute of Energy.

EcoEnergy Ventures pty ltd

1/349 Collins Street

Melbourne, VIC 3000

grow@ecoenergyventures.com

www.ecoenergyventures.com

Media services by: S.T.A.T. Group LLC & Vitello Capital LTD

Safe Harbor Statement:

GETH cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.

CONTACT: EraStar, Inc.
         Steffan Dalsgaard, CEO
         Las Vegas World Headquarters
         Las Vegas, NV 89141
         (702) 480-9800 office

Source: Green EnviroTech Holdings Corp.


FINDEP delivers Net Income of Ps.63.1 million, a 12.1% YoY growth, and an NPL ratio of 6.7%, a 57 bps contraction YoY(1) Jul 24, 2014 09:05AM

MEXICO CITY, July 24, 2014 /PRNewswire/ -- 

  • Loan Portfolio of Ps.6,832.6 million, a 3.7% increase YoY, consistent with the Company's current strategic focus of prioritizing portfolio quality and profitability over size.
  • NIM(2) after provisions including fees was 50.0% in 2Q14, a 225 bps decrease when compared to 2Q13; which partly reflects the Company's decision to register the recovery of its written-off loans from 3Q13 at the Other Operating Income line, instead of in the Provision for Loan Losses line. It also reflects a slight increase in provisions for loan losses that is consistent with the Company's expectations for this second quarter.
  • Non-performing loans (NPLs) decreased by 4.4% YoY and the NPL Ratio decreased by 57 bps to 6.7% in 2Q14; which underscores the success of the Company's new operating policies.
  • Write Offs decreased by 5.9% YoY, to Ps.285.3 million in 2Q14.
  • The average effective lending rate decreased by 84 bps to 69.8% in 2Q14 versus 2Q13; reflecting the changes in the Company's loan portfolio mix. The average funding cost decreased by 85 bps to 10.09% in the same period.
  • Equity to total assets of 30.3%, a 75 bps improvement versus 2Q13.
  • ROAE in 2Q14 was 7.8%, a 9 bps improvement when compared to 7.7% in 2Q13.

Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (BMV: FINDEP; OTC: FNCRY), ("FINDEP" or the "Company") a leading Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group lending microfinance, announces results for the three and six-months periods ended June 30th, 2014.

Financial & Operational Highlights

2Q14

2Q13

%

6M14

6M13

%

Income Statement Data

Net Interest Income after Provisions*

679.5

738.2

-8.0%

1425.8

1,497.8

-4.8%

Net Operating Income (Loss)*

91.2

81.8

11.5%

228.0

155.0

47.0%

Net Income (Loss)*

63.1

56.3

12.1%

163.8

107.0

53.0%

Total Shares Outstanding (million)

715.9

715.9

0.0%

715.9

715.9

0.0%

Earnings (Loss) Per Share

0.0881

0.0786

12.1%

0.2288

0.1495

53.0%

Profitability & Efficiency

NIM before Provisions Excl. Fees

55.2%

55.5%

-0.3 pp

55.1%

56.0%

-1 pp

NIM after Provisions Excl. Fees

37.1%

41.8%

-4.7 pp

38.6%

42.4%

-3.7 pp

NIM after Provisions Incl. Fees

50.0%

52.2%

-2.3 pp

50.7%

52.6%

-1.9 pp

ROA

2.4%

2.3%

0.1 pp

3.1%

2.1%

1 pp

ROE

7.8%

7.7%

0.1 pp

10.4%

7.4%

3 pp

Efficiency Ratio Incl. Provisions

90.0%

91.1%

-1.1 pp

87.8%

91.7%

-3.8 pp

Efficiency Ratio Excl. Provisions

66.1%

72.2%

-6.1 pp

66.4%

72.8%

-6.4 pp

Operating Efficiency

31.4%

33.8%

-2.4 pp

31.3%

34.1%

-2.8 pp

Fee Income

16.6%

15.1%

1.6 pp

14.9%

15.1%

-0.2 pp

Capitalization

Equity to Total Assets

30.3%

29.5%

0.7 pp

30.3%

29.5%

0.7 pp

Credit Quality Ratios

NPL Ratio

6.7%

7.3%

-0.6 pp

6.7%

7.3%

-0.6 pp

Coverage Ratio

100.0%

101.8%

-1.8 pp

100.0%

101.8%

-1.8 pp

Operational Data

Number of Clients

1,096,147

1,176,630

-6.8%

1,096,147

1,176,630

-6.8%

Number of Offices

568

546

4.0%

568

546

4.0%

Total Loan Portfolio*

6,832.6

6,585.9

3.7%

6,832.6

6,585.9

3.7%

Average Balance (Ps.)

6,233.3

5,597.2

11.4%

6,233.3

5,597.2

11.4%

* Figures in millions of Mexican Pesos.

Commenting on the results, Noel Gonzalez, Executive Vice President and Group CEO, said, "This marks our 6th consecutive quarter of solid profitability, underscoring the strong performance under our new strategy and putting us at over 50% of our goal for the full year.

"The robust performance was consistent across all of the Company's subsidiaries.  Independencia, Finsol Mexico, Finsol Brasil and AEF had positive contribution to the Group's profitability this quarter, while AFI's contribution remained negative as we continue investing in its growth.

"This allowed us to reach a net income for the quarter of Ps.63.1 million, a solid 12.1% YoY growth versus 2Q13 and which is consistent with our expectations given the seasonality that our industry experiences during the 2nd quarters of each year.

"In line with this strong performance, loan portfolio accelerated by 3.7% YoY –our highest growth rate in over 18 months— while NPLs contracted by 4.4% to reach an NPL Ratio of 6.7%, one of the lowest in our history."

2Q14 EARNINGS CONFERENCE CALL

Day:

Friday July 25th, 2014

Time:

11:00 AM US EST; 10:00 AM Mexico City time

Dial-in number: 

877-314-5894 (US & Canada)

631-291-4620 (International & Mexico)

Access Code: 

67534563

Web cast:

A live web cast of the conference call and replay will be available at www.findep.mx

Replay: 

Starting at 2:00 pm EST on July 25th and ending at 11:59 pm EST on July 30th, 2014. The replay will be accessible by dialing 855-859-2056 (U.S./Canada) or 404-537-3406 (international) and entering pass code 67534563.

About Financiera Independencia:

Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (FINDEP), is a Mexican microfinance lender of personal loans to individuals and working capital loans through group lending microfinance. FINDEP provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban and rural areas of both the formal and self-employed economy. As of June 30th, 2014, FINDEP had a total outstanding loan balance of Ps.6,832.6 million, operated 568 offices in Mexico, Brazil, and the US and had a total labor force of 11,597 people. The Company listed on the Mexican Stock Exchange on November 1, 2007, where it trades under the symbol "FINDEP". On November 30, 2009 FINDEP launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. Each ADR represents 15 shares of FINDEP common stock and trades over-the-counter (OTC). More information can be found at www.findep.mx

Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in FINDEP's filings with the Mexican Stock Exchange. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.

To obtain the full text of this earnings release, please visit our Investor Relations website at www.findep.mx under the Financial Information / Quarterly Reports section.

(1) All financial figures discussed in this earnings release are unaudited and prepared in accordance with Mexican Banking Accounting Principles unless stated otherwise. / Figures for 2014 and 2013 are expressed in nominal pesos. / Tables state figures in millions of pesos, unless otherwise noted. / FINDEP: refers to Financiera Independencia and all of its subsidiaries / Independencia: refers to operations excluding Finsol, AEF and AFI.

(2) NIM: Net Interest Income for the quarter annualized / Average Productive Assets (Cash & Equivalents + Loan Portfolio) for the current and previous quarters

SOURCE Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R.


National Academy of Distinguished Neutrals Announces Missouri Chapter Jul 24, 2014 09:05AM

West Palm Beach, FL (PRWEB) July 24, 2014

The National Academy of Distinguished Neutrals is pleased to announce the launch of its Missouri Chapter - the "Missouri Academy of Mediators & Arbitrators" (MAMA) - online at http://www.MissouriMediators.org.

Just 16 attorneys and former judges have been recognized as Charter Members of the Missouri Chapter, including most of the state's most widely-accepted ADR professionals. The MO Chapter's members are (in alphabetical order):
Thomas Blumenthal, James Condry, Hon. Jay Daugherty, George Fitzsimmons, Michael Geigerman, Michael Igoe, Nancy Kenner, Ron Mitchell, Hon. Timothy O'Leary, Jerry Palmer, John Phillips, Larry Rute, Hon. Brendan Ryan, Richard Sher, Roger Warren and Ronald Wiesenthal.

The Academy's new website is designed to "make life easier" for local attorneys, counsel, adjusters and legal support staff. http://www.MissouriMediators.org allows firms to quickly find a suitable neutral by identifying preferred practice criteria or dispute types, navigating straight to a roster of trusted local mediators and arbitrators. A large majority of the Academy's members also publish their availability calendars online for the benefit of clients. This allows the selection of a neutral and the scheduling of appointments to be greatly expedited for all parties involved.

MissouriMediators.org is connected to the Academy's http://www.NADN.org database, already in wide use by attorneys across more than 20 state bars, including Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Louisiana, Mississippi, New York, New Jersey, the Carolinas, Tennesse & Texas. In May 2013, NADN was named Neutrals Database Partner to the national defense bar association (DRI) and the national plaintiffs bar (AAJ, formerly ATLA), providing these association's 40,000+ litigators with vetted biographies of the nation's top-rated mediators and arbitrators, via the DRI and AAJ websites. Only ADR professionals widely respected by the local defense and plaintiff firms are invited to submit bio materials for review by NADN and its state committees.

"We're delighted to welcome these top-rated neutrals to form the Missouri Chapter of the Academy," commented Darren Lee, Executive Director of NADN. "We're confident that the NADN database will prove as useful to litigation firms in Missouri as it has to other state bar communities in recent years."

Read the full story at http://www.prweb.com/releases/2014/07/prweb12039294.htm


Alliant Energy Corporation Announces Second Quarter 2014 Earnings Release And Conference Call Jul 24, 2014 09:05AM

MADISON, Wis., July 24, 2014 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) has scheduled its second quarter 2014 earnings release for Wednesday, August 6, 2014 after market close.  A conference call to review the second quarter results is scheduled for August 7, 2014 at 9:00 a.m. CT. 

Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by Patricia Kampling, Chairman, President and CEO, and Tom Hanson, Senior Vice President and CFO.  Individuals who would like to participate in the conference call can do so by dialing (888) 221-9591 (United States & Canada) or (913) 312-1434 (international), passcode 8244179.

A replay of the call will be available through August 14, 2014, at (888) 203-1112 (United States & Canada) or (719) 457-0820 (international). Callers should reference passcode 8244179. An archive of the webcast will also be available on the company's website at www.alliantenergy.com/investors

Alliant Energy Corporation is an energy-services provider with subsidiaries serving approximately 1 million electric and over 418,000 natural gas customers. Providing its customers in the Midwest with regulated electricity and natural gas service is the company's primary focus.  Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company's Web site at www.alliantenergy.com.

Logo - http://photos.prnewswire.com/prnh/20020405/LNTLOGO

SOURCE Alliant Energy Corporation


Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas Jul 24, 2014 09:05AM

Las Vegas, July 24, 2014 (GLOBE NEWSWIRE) -- Terra Tech Corp (TRTC), subsidiary, MediFarm LLC, is pleased to announce that it has successfully submitted its applications for both a special use permit and compliance permit to the City of Las Vegas, Nevada.  MediFarm's special use permit application was submitted to the City's Planning Department on July 17th.  On July 23rd MediFarm submitted its application and business plan to the City's Business Licensing Department to obtain a Medical Marijuana Dispensary Compliance Permit. The compliance permit is required to be issued before the City accepts a business license application to operate a medical marijuana establishment in the City of Las Vegas.  The MediFarm application presents to the City MediFarm's extensive experience in traditional agriculture as well as medical cannabis dispensary operations. The company anticipates that there will be a public hearing on the applications and that the City Council will make their selections in September or October 2014, after the state application has been submitted.

"I'm extremely proud of our team, headed by Salwa Ibrahim, who worked tirelessly to meet the strict deadlines the city put in place," said Derek Peterson, CEO of Terra Tech Corp. "She has a tremendous amount of experience building these applications and I feel very confident about the document we submitted."

The proposed facility is approximately a mile off the strip on Western Ave. near Wyoming Ave. and located in close proximity to complimentary medical facilities with easy access to residential communities.  Additionally the team has completed their state application associated with this property several weeks ahead of schedule.  We anticipate on submitting to the state before August 18th. The company is now focusing on applying to operate a dispensary and a cultivation and production facility in Northern Nevada.  The company intends to give further updates about their efforts throughout Nevada as they progress through the process, reach certain milestones and enter new applications.

About Terra Tech

Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Fairway Markets and others throughout Massachusetts, New Hampshire, New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.

For more information about Terra Tech Corp visit: www.terratechcorp.com

Visit us on Facebook @ http://www.facebook.com/terratechcorp

Follow us on Twitter @terratechcorp

For more information about Edible Garden visit: http://www.ediblegarden.com

Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.'s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.'s website does not constitute a part of this release.

CONTACT: CONTACT:
         Bill Clayton
         Independence Financial Ltd.
         Toll-Free: (888) 603-2896
         Email: info@terratechcorp.com

Source: Terra Tech Corp.


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