Industry News

Quadrant 4 Systems Corporation Releases Cloud Enabled Capital Markets Platform

Posted on February 2, 2012 by Dana Salvo

Quadrant 4 Systems Corporation (Quadrant) (OTCQB: QFOR.OB ) today released its much awaited cloud enabled solution platform in the financial services market space for Cross-Asset Trade Processing.

Quadrant began upgrading its Capital Markets technology platform, QFIN, in June 2011 and has completed the full development that will provide a new, Cloud-based service for Banks, Fund and Asset Managers worldwide.

QFIN platform will provide advanced Bond and Loan Trading capabilities. The earlier versions of the system have been in use at over 50 top global financial firms. The platform was first designed to manage the Emerging Markets trading business, which developed into a cross-asset platform for debt securities, including bonds, loans and CDS trading. The product will be targeted to a wide market of Financial Institutions and Funds.

Dhru Desai, Chairman of the Board, said, “… QFIN is a strategic technology development by us that will enhance and expand our solutions portfolio in the financial services market. We are looking forward to leveraging our global development resources and delivery model to accelerate this program and launch our first cloud service. This cloud-hosted SaaS based offering will allow clients and their IT staff to focus on their core business without the overhead of application maintenance, backups and upgrades. It will also provide an affordable alternative to smaller clients.”

About Quadrant 4 Systems Corporation

Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT enabled and managed services sector and cloud based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.

TSW has been compensated fifty thousand (50,000) rule 144 restricted shares of quandrant4 Systems Corporation (QFOR) for advertising and marketing services.

GRNE Reports Salon Revenues Top $2.8 Million in 2011

Posted on January 16, 2012 by Dana Salvo

SALT LAKE CITY, UT– Green Endeavors, Inc. (OTCQB: GRNE.PK – News) (Pinksheets: GRNE.PK ) a majority owned subsidiary of Nexia Holdings, Inc. (Pinksheets: NXHD.PK) announces revenue figures for year end December 31, 2011.

Combined unaudited revenues for both salon locations were $2,820,870 for the year end December 31, 2011; which is an increase of $658,400 or 30% from the comparable year end of 2010. Our Marmalade location reported year end sales for 2011 of $753,238; a $598,080 increase over the year end of 2010 which reported only three full months of operations. Our Liberty Heights (flagship) location also is reporting revenue growth with year end 2011 sales of $2,067,633; a $60,321 or 3% increase compared to year end revenues for 2010.

Richard D. Surber, CEO of GRNE, stated, “I am pleased to report that our preliminary estimates of revenue show the great progress that has been realized by our newest salon over its 15 months of operation. Our flagship salon has continued to grow despite economic struggles and relocating many of its stylists to the new Marmalade salon.”

About Green Endeavors, Inc.

Green Endeavors, Inc. (OTCQB: GRNE.PK – News) (Pinksheets: GRNE.PK – News), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE’s wholly owned subsidiaries, Landis Salons, Inc., and Landis Salons II, Inc., http://www.landissalons.com, operate hair salons built around the world-class AVEDA™ product line. For more information, visit http://www.green-endeavors.com.

Obama Gives A Huge Gift To The Online Gambling Industry

Posted on December 27, 2011 by Dana Salvo

ELRA A Justice Department opinion made public this week provides a huge opening for the online gambling industry.

Online gambling in all forms has been prohibited by the Wire Act of 1961, which forbids gambling via telecommunications across state lines.

The new opinion, however, says that the act applies only to sports betting.

Online lotteries in New York and Virginia are on the table now. This could open the door for online gambling — which was slammed by the DoJ only months.

Online gambling provides an easy revenue source for beleaguered states. Similarly the DoJ has pursued new revenue by authorizing new powers for investigating tax dodgers from California to Switzerland.

This is great for companies like Elray Gaming (ELRA) Read below:

Based on our research and the company’s recent increase in revenue projections, The Stock Wizards believes ELRA could be a dominating force in the Online Casino space and we encourage our subscribers to keep ELRA on their radar!

Research ELRA

www.elraygaming.com

ELRA gaming operations are based in Sydney, Australia. The company is managed by its online gaming founder, Brian Goodman, and gaming operations are carried out by a multi-lingual team of gaming professionals.

ELRA has offices in the USA, London, South Africa and Mauritius and has support facilities in Israel, Curacao and the Philippines.

ELRA is a developer of turnkey gaming products, and is currently developing a host of social networking and mobile applications for the investor community.

ELRA is in the process of launching a Joint Venture product with one of the world’s largest global financial service providers and will provide a financial trading platform offering real money financial service trading facilities (non USA) as well as a Fantasy Trading / Social Networking products in Stock, Options and currency markets.

ELRA will offer both web and mobile-based FOREX trading platforms to take advantage of the increased interest in currency trading from around the world. The Company will look to develop these platforms to comply with both local and international regulations.

ELRA will launch a suite of products aimed at capitalizing on the rapidly growing Social Network and Fantasy Markets. All products will be accessible via the web as well as smart phones, and will allow a network of active investor community. These products will provide Elray Gaming an additional growth component in its online gaming portfolio, and develop an active network of customers interested in the financial markets.

ELRA currently manages a comprehensive range of online gambling products including branded Online Casino’s and a Bingo room. Internet casinos and Bingo rooms are online versions of the traditional land-based casinos. Online casinos allow gamblers to play and wager on traditional casino games as well as play Bingo via the Internet.

Cedar Realty Trust Breaks Above 200-Day Moving Average

Posted on December 21, 2011 by Jennifer Romano

Forbes: In trading on Tuesday, shares of Cedar Realty Trust, Inc. (NYSE: CDR) crossed above their 200 day moving average of $4.49, changing hands as high as $4.71 per share. Cedar Realty Trust, Inc. shares are currently trading up about 14.7% on the day. The chart below shows the one year performance of CDR shares, versus its 200 day moving average:

Cedar Realty Trust, Inc. 200 Day Moving Average Chart

Looking at the chart above, CDR’s low point in its 52 week range is $2.65 per share, with $6.59 as the 52 week high point — that compares with a last trade of $4.54.

CDR operates in the REITs sector, among companies like CommonWealth REIT (NYSE: CWH) which is up about 1.3% today, and DuPont Fabros Technology Inc (NYSE: DFT) trading up by about 3.2%. Below is a three month price history chart comparing the stock performance of CDR, versus CWH and DFT.

CellerateRX® Added to List of Preferred Products for Golden Living Healthcare Network

Posted on December 12, 2011 by Dana Salvo

WNDM FORT WORTH, Texas , Dec. 12, 2011 — Wound Management Technologies, Inc., (OTCQB:WNDM) a leading innovator in advanced wound care solutions, today announced that Fort Smith, AR based Golden Living has added CellerateRX® to its formulary and is now on the list of preferred products approved for use within its healthcare network. Golden Living, one of the country’s premiere integrated healthcare service companies, provides services for the elderly and disabled including nursing home care, rehabilitation therapy, hospice care, home health services and temporary staffing services. The company employs more than 40,000 and has in its care about 30,000 patients daily.

“Being added to the formulary list at Golden Living is an important imprimatur for CellerateRX. Our flagship product will now be a choice in their over 300 Living Centers including skilled nursing locations, as well as in their 68 hospice and home health locations. With our acquisition of Juventas LLC and its established sales force, we will be able to educate and establish sales quickly at each Golden Living Facility,” said Bryant Gaines , Chief Operating Officer of Wound Management Technologies. He further stated, “The agreement is part of our long-term plan to penetrate the professional healthcare markets worldwide. The Company expects to sign additional agreements with major healthcare system clients that will further establish CellerateRX® as a leading product in the area of wound management.”

“We are very excited about the opportunity to work with the Golden Living facilities,” said Cathy Bradshaw , President of WNDM subsidiary Wound Care Innovations. “CellerateRX® is FDA cleared for use on all acute and chronic wounds except for 3rd degree burns and has been show to provide quality outcomes in a cost effective manner. This is essential for healthcare providers.”

About Wound Management Technologies, Inc.
Wound Management Technologies, Inc. is an emerging commercial stage company with its primary products in the $5B worldwide advanced wound care market. Wound Management’s primary focus is the distribution of its unique, patented collagen product, CellerateRX®, which is FDA cleared and reimbursable under Medicare Part B. Wound Management has other advanced biotech products in development including a patented resorbable bone wax line that is in late stages of development, as well as a subsidiary focused on technology for secure healthcare data collaboration and storage. More information can be found on the company’s web sites: http://www.wmgtech.com andhttp://www.celleraterx.com.

About Golden Living, Inc:

Golden Living is a family of companies that specialize in recovery care. Its mission is to help people recover health and improve quality of life through a network of healthcare services, including rehab, home care, assisted living, skilled nursing care and hospice. The Golden Living family of companies include Golden LivingCenters, Aegis Therapies, AseraCare Hospice and Home Health, and 360 Healthcare Staffing. There are more than 300 Golden LivingCenters in 21 states. Golden Living also offers assisted living services at more than 40 locations. In addition, the Golden Innovations companies partner with more than 1,000 nursing homes, hospitals and other health care organizations in 37 states and the District of Columbia . Collectively, the Golden Living family of companies has more than 42,000 employees who provide quality healthcare to more than 60,000 patients every day. More information can be found on the company’s web sites:http://www.goldenliving.com

Industrial Nanotech, Inc. Begins Business in China

Posted on December 1, 2011 by Dana Salvo

INTK NAPLES, Fla.– Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has entered into an agreement with Beijing Woven Energy Efficiency Technologies Ltd. to serve as exclusive distributor in China for key strategic vertical markets. Woven will focus on the petrochemicals/oil & gas, food and beverage manufacturing, and construction markets for Industrial Nanotech, Inc.’s patented Nansulate® product line of thermal insulation and protective coatings. Beijing Woven Energy Efficiency Technologies Ltd. specializes in marketing and selling building and industrial insulation products and providing project installation services throughout the China market. Since its inception in 2007, Beijing Woven Energy Efficiency Technologies Ltd. has enjoyed rapid growth within China’s booming construction industry.

“China’s focus on sustainable development and minimizing energy costs across industries means that products, technologies and operational processes such as Woven’s will be in great demand for years to come,” stated Vida Zhang Fargis, Director of International Division, Beijing Woven Energy Efficiency Technologies. “The new initiative from the Chinese government for retrofitting non-insulated, pre-1980′s buildings and the mandate from the Ministry of Public Security for A-level fire resistant building insulation materials will be an excellent opportunity for Nansulate solutions during the next decade. We have a highly dedicated team with an insulation focused portfolio that has now expanded into new industrial areas beyond our core expertise in the building industry. With the strong support from Industrial Nanotech Inc., Woven will drive distribution through our nationwide network across the targeted vertical industries.”

Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc., explains, “Beijing Woven is an impressive company with experience and success introducing international products to the market in China and rapidly expanding their market share. This is exactly the type of distributor we have been looking for to promote our unique energy saving and protective solutions to this important market. They have an existing, well established and proven network of experienced distributors throughout China and have already begun introducing Nansulate to this network, which will significantly increase the rate of adoption in China to these key industrial and commercial sectors. The international market for Nansulate has been a strong one since the beginning and now that we have secured a prominent business organization in China as our distributor, we expect international sales to increase dramatically in the coming year.”

China’s economy has been one that, according to an Associated Press story, major international companies have shifted focus to as they experience growth there while other markets have contracted. China’s 12th five-year plan (2012-2017) has a targeted annual GDP growth rate of 7% and the development of renewable energy, with an investment of $640 billion, to constitute 15% of China’s energy needs by the year 2020, building housing for 36 million families and the promotion of social equity and rural development. Read the rest of this entry »

Perla Group Signs $1.8Mill Contract for Sale of AK1-3 Helicopters

Posted on November 15, 2011 by Dana Salvo

Company has signed a 3 year distribution contract with Yacht Chandlers to distribute its AK1-3 helicopter to the luxury yacht industry

Nov. 9, 2011 — Perla Group International Inc. (PERL:PK), a leader in the international military, police and security solutions sectors, today announced it has signed a contract for the sale of 9 (nine) AK1-3 helicopters toFlorida based company, Yacht Chandlers. The helicopters are to be delivered over the next 3 years, and sold exclusively to the luxury yacht industry. Perla Group International President and CEO, Charles D’Alberto said the contract with Yacht Chandlers represents the significant step into the USA markets, the largest helicopter market in the world. “This contract paves the way for the introduction of our AK1-3 helicopter into the US andCaribbean markets. The contract with Yacht Chandlers is a welcomed and important avenue towards the distribution of our product into the lucrative, luxury yachting industry.”Yacht Chandlers is a leading Mega Yacht Supply Company with its head office in the US.

“We are always looking for new products for our clients. The AK1-3 is just that! Mr. James James, VP at Yacht Chandlers is excited about this new opportunity that the AK1-3 brings not only to our business but to the Yachting Industry. We feel this is the next level in ‘Yacht Toys’”..The AK1-3 helicopter, considered by many to be the ‘Best in its Class,’ represents great value to the small helicopter industry at nearly $100Kcheaper than its rival. The craftsmanship and nearly 12 years of design refinements put it in a category all of its own. To date, the AK1-3 has seen steady sales growth in Europe, Russia, Africa,Middle East and other nations including Australia, Canada and New Zealand, but is yet to make its debut in the USA and Latin America.”We see a great opportunity in the USA and Latin American markets, and plan to aggressively market the helicopter across differing vertical markets,” says Perla Group CEO and Founder, Charles D’Alberto.The Company recently announced its 2010 financials with a 34% growth in revenues on the previous year.

Perla Telecoms Group has positioned itself as a total ‘turnkey’ solutions developer and provider. It will remain independent as to have the ability to work with many leading services providers in the industry from large Telcos to small SMEs, network integrators, military customers and any company, wanting a specialist solution or product.

Perla Aviation – primarily in the Middle East, the division provides a host of aviation services including charters, sales and leasing of aircraft; aircraft repair and maintenance. Perla Aviation is the exclusive distributor for the AK1-3 helicopter known industry wide as the finest two seat helicopter available.

Perla Armored Cars -This entity specializes in armored VIP Mercedes Benz, as well as 4 x 4s, APCs, Cash in Transit, Buses and ATVs. The division has recently secured direct supply contracts with the US military, and it has plans to expand rapidly with a view to investing in manufacturing facilities in both the Middle East and the USA.

Perla K-9 Services – Through the world renowned Von Forell facilities in Melbourne, Australia Perla offers the finest breed dogs trained under the best in the industry. Perla K-9 services are utilized by law enforcement and as detection dogs. They conduct training seminars as well as tactical, anti-terrorism and security training services. For additional Information:
Email info@perlagrp .com or visit www.perlagrp.com Read the rest of this entry »

Industrial Nanotech, Inc. Launches Liquid Heat Shield Coating to Keep Motorcycle and ATV Riders Safer – Plans Worldwide Sales Campaign

Posted on November 7, 2011 by Dana Salvo

INTK Industrial Nanotech, Inc. (Pink Sheets:INTK.pk - News), an emerging global leader in nanoscience energy saving solutions, announced today that the Company has launched a new safety coating product to reduce surface temperatures of hot exhausts on motorcycles, motorbikes, ATVs, and sport bikes. Nansulate® Cool Ride is the newest product addition to the Company’s patented Nansulate® line of high tech insulation, energy saving, and protective coatings. Nansulate® Cool Ride is an easy-to-apply clear liquid insulation that reduces heat conduction, provides a thermal insulation barrier, and lowers the surface temperature of hot exhaust pipes on motorcycles and other riding equipment. Details on the product can be found at www.coolridetech.com.

According to studies published on the U.S. National Library of Medicine National Institutes of Health website, motorcycle exhaust burn injuries are a global issue. A European study over a 5-year period found that the incidence of burn injuries related to motorcycle exhaust pipes was two times higher for children than for older persons and, among the latter, it was 60% higher among females than among males. Most of the burn injuries (70.5%) concerned motorcycle passengers, mainly when getting on or off the motorcycle. Among the victims, 65.3% experienced second degree burns. Conclusions included that motorcycle exhaust burns could be substantially reduced by systematically wearing long pants and by incorporating external thermo resistant shields in the design of motorcycles. A study on exhaust burns in children by the Children’s Hospital Burns Research Institute and Burns Unit in Sydney, Australia identified patients with an age range from 5 months to 15 years, and noted that surgical intervention was required in 33% of the cases. The average time taken for complete healing was 20 days, with an average of 3.5 medical visits made for each injury.

“The statistics for motorcycle exhaust burn injuries among both adults and children show the severity of this avoidable issue,” stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. “Our technology has been used extensively in industrial and commercial sectors to reduce the temperature of hot pipes and heat process equipment for employee safety, and to reduce hot handrail surface temperatures that heat up in direct sunlight, so it made perfect sense to extend our solutions to the motorcycle, motorbike, and ATV markets for burn prevention. The holiday season is when many of these vehicles are purchased for children as well as adults, so the timing was right to include a companion safety coating as a vital accessory to these bikes as a burn preventative.”

There are approximately 200 million motorcycles in use worldwide. Southern Asia, Eastern Asia, and the Asia Pacific countries account for 58% of that number. As of 2006, it was estimated that China had 54 million motorcycles in use and was producing 22 million per year. As of 2002, India had approximately 37 million motorcycles.

Crolley continues, “Providing real and usable solutions for people around the world from all walks of life through nanotechnology is what Industrial Nanotech does… whether that means helping homeowners reduce their energy bills, helping factories protect their workers and reduce per unit costs of energy consumption, or helping children and adults have a safe ride. Better living through the science of nanotechnology is our mission.”

The company is aggressively launching Nansulate® Cool Ride through their website at www.coolridetech.com, through the Company’s global network of distributors, on dedicated Facebook and Twitter sites, and at Ebay.com. Read the rest of this entry »

Imperial Petroleum, Inc. Reports Results for the Fourth Quarter and Fiscal Year Ended July 31, 2011

Posted on October 24, 2011 by Dana Salvo

Imperial Petroleum, Inc. (OTCQX: IPMN), a leading biodiesel and diversified alternative energy company, today announced the detailed results for the fiscal year and fourth quarter ended July 31, 2011.

For the fiscal year ended July 31, 2011, total revenues were $110 million as compared to $5.7 million in the fiscal year ended July 31, 2010, a nineteen-fold increase. Net after tax income was $6.1 million, or $0.21 per share on 28.4 million fully diluted weighted average shares outstanding, compared to a net after tax loss of $17.8 million, or $(0.99) per share on 18.0 million basic weighted average shares outstanding in fiscal 2010. The net loss for the year ended July 2010 was primarily the result of a write-off of goodwill associated with the acquisition of e-biofuels in the amount of $16.3 million.

In the fourth quarter ended July 31, 2011, revenues were $47.0 million compared to $5.5 million for the same period of fiscal 2010, an increase of 854%. Net after tax income for the fiscal fourth quarter of 2011 was $3.71 million, or $0.13 per fully diluted average shares outstanding compared to a net after tax loss of $17.6 million, or ($0.98) per share on 18.0 million basic weighted average shares outstanding in the fourth quarter of fiscal 2010.

Selected highlights for fiscal year 2011 include:

Shortly before the start of fiscal 2011, in May 2010, Imperial Petroleum acquired e-biofuels, LLC, at the time of its purchase, e-biofuels was producing less than 500,000 gallons per month and by the end of July 2011, biodiesel production was approximately 1.2 million gallons per month and the Company was profitable.

Production for the fiscal year ended July 31, 2011 was 26.4 million gallons and is scheduled to increase another 30% in fiscal 2012. Current biodiesel production is between 2.5 – 3.0 million gallons per month.

Imperial strengthened its management team with the hiring of a Vice President of Finance, a Controller and by installing new software to better manage the day-to-day operational activities.

All major litigation and vendor issues have been resolved and the Company anticipates that it will be able to reduce its bank debt over the course of the year and successfully extend or refinance any amounts that might be outstanding upon the expiration of its current credit agreement.

Recent Developments

Since the close of our 2001 fiscal year, Imperial has had a number of developments that position the company for significant future growth, namely:

In early August, 2011, the Company announced that it hired the Wolfe Axelrod Weinberger Associates investor relations agency to assist it in communicating its status as a rising star in the biofuels arena.

In late August, 2011, Imperial Petroleum announced an extension of our wholly-owned subsidiary, e-biofuels, bank loan that gives the Company additional time to refinance its senior debt.

The Company also announced a Letter of Engagement in late August to secure a two year supply of feedstock for the Company’s Middleton, Indiana biodiesel production operation.

On September 23, 2011, the Company completed a $3.1 million equity financing that is earmarked to expand our biodiesel production by at least 30%.

Mr. Jeffrey T. Wilson, President of Imperial Petroleum, stated, “In the process of completing its audit for the fiscal year, the Company discovered an error in our revenue accounting that affected two prior unaudited quarters of results due to the timing difference between the recognition of money received and the completion of shipments to customers. The net effect of that glitch is that revenues had been previously recorded for monies received affecting about 3% of our biodiesel sales for the year in the second and third quarters. Our auditors advised us of the error on October 6, and we subsequently restated the financial results for those quarters. Needless to say we have replaced our accounting software and upgraded our internal controls for revenue recognition but, nevertheless it was an event that should not have happened.” Read the rest of this entry »

New York University Selects RACKWISE® to Manage IT Infrastructure

Posted on October 7, 2011 by Dana Salvo

Oct. 7, 2011– Rackwise, Inc. (OTCQB:VNDI) announced today that New York University (“NYU” or the “University”) has selected RACKWISE^®, the Company’s leading Data Center Infrastructure Management (“DCIM”) product, to document, visualize, analyze, model, manage, and optimize their IT infrastructure across their three data centers. Founded in 1831, NYU is one of the largest private, nonprofitinstitutions of higher education in the United States.

Selection of the RACKWISE^® DCIM solution incorporates installation, implementation, training support and related services as well as annual maintenance and support.

As NYU’s data centers continue to grow in size and complexity the University required a robust solution that could track all data center assets, model moves, adds, and changes (MACs), and maintain data integrity across the multiple groups owning devices and using resources in the three centers.

Capabilities essential to NYU included documentation and visualization of all assets in a central repository, the ability to conduct ‘what if’ scenarios as part of the planning process, and to manage, predict, and optimize power management, one of the major expense items in all data centers. Flexibility, and overall ease of use, as well as support of the visualization for over 30,000 very detailed stencils of devices and racks, were critical as NYU plans to consolidate data from all three data centers into RACKWISE’s^® central repository. Centralization into a single integrated DCIM will allow oversight of all three centers by a core team as well as enable each center to model and manage their own assets within the structure. The net result is constant visibility into each and all of the University’s IT expenditures and efficiencies.

NYU selected RACKWISE^® for its overall ease of use, asset tracking, and its visualization capabilities. Using a native integration with Visio, the most commonly used software graphical diagram product, RACKWISE^® provides visualization to see where assets are currently located and to model MACs. RACKWISE^®providescomplete inventory management and the physical and financial impact of planned changes for one rack or thousands of racks.

NYU plans to use RACKWISE^® to eliminate unneeded redundancy and optimize their use of IT hardware and software assets going forward, thereby achieving a significant and rapid ROI. The rich reporting capabilities delivered as a standard feature of the product includes visual dashboards that provide the university with the ability to view and manage assets, search for capacity, model and plan for new capacity and space, and gain insight into the various IT centers throughout the university and the overall IT infrastructure, usage, and costs.

Guy A. Archbold, the Company’s Chief Executive Officer, commented, “We are highly pleased and proud that New York University has selected our RACKWISE® Data Center Infrastructure Management solution as a core component of its current and future IT infrastructure management and optimization plans. Our selection by one of the largest and most prestigious private universities in the country and globally validates our continued commitment to providing state-of-the-art, market-relevant ‘green’ information technology solutions, enabling data centers for greater efficiency, energy savings, and a greener footprint through superior analytics to track, manage and optimize energy, asset and IT infrastructure costs and utilization across the enterprise.”