DrStockPick.com Stock Report!
Tuesday August 25, 2009
At a ribbon cutting ceremony today, IBM (NYSE: IBM) and leaders of Iowa’s business and governmental communities announced that the new IBM technology services delivery center — located in the historic Roshek Building in downtown Dubuque, Iowa — is now operational. IBM has hired several hundred people to work in the new facility and intends to employ up to 1,300 by the end of 2010.
Lockheed Martin (NYSE: LMT) Space Systems Company has established a new Missile Defense Systems operating unit based in Huntsville, Ala. Retired Army Major General John W. Holly will lead the new operating unit as the vice president for Missile Defense Systems.
China Security & Surveillance Technology, Inc. (NYSE: CSR), a leading provider of digital surveillance technology in the PRC, today announced that it has entered into definitive agreements with certain accredited investors to sell in a registered direct offering 4.056 million shares of its common stock at a price at $6.25 per share under its Form S-3 Registration Statement resulting in gross proceeds to the Company of $25.35 million, before deducting placement agent fees and expenses of the offering. In addition, the Company has issued to the investors warrants to purchase 1.014 million shares of common stock, in the aggregate, at a price of $8.62 per share for a term of one year.
CMARK International, Inc., (Pink Sheets: CMIT) a global provider of facility and logistic support services for government and commercial institutions announces today that it greatly enhanced its capabilities to provide logistic and food service support for national emergencies and contingencies.
China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH), which through its wholly-owned subsidiary Dalian Xinyang High-Tech Development Co. Ltd. (”DLX”) has the second largest cobalt series production capacity in the People’s Republic of China (”PRC”), announced today the receipt of two distinguished awards for DLX’s lithium iron phosphate (Li-Ion) battery material. DLX’s new product was awarded the “Scientific and Technological Achievement in 2009″ by the Scientific and Technological Committee of Dalian Municipal Government, and the “New Energy and New Product” by the Economic Committee of Dalian Municipal Government. DLX’s Li-Ion product is a next-generation anode material used in the production of eco-friendly batteries that power electric/hybrid vehicles.
China Crescent Enterprises, Inc. (OTCBB: CCTR) together with NuMobile, Inc. (OTCBB: NUBL) today announced launching a smartphone and mobile computing offering in China in conjunction with MobiCom 2009. China Crescent has over $40 million in annual revenue from selling technology services in China, and NuMobile has a proprietary software product offering for the smartphone and mobile computing market. China Crescent is NuMobile’s exclusive partner in China helping NuMobile to expand its geographic footprint. NuMobile has already announced a contract with the National Guard as a result of early sales efforts in North America. The Chinese mobile market opportunity is substantially larger than the North American opportunity.
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