DrStockPick.com Stock Report! 9/03/09, ARD, Q, GFGU, SPNG, BDCG, HBIO
DrStockPick.com Stock Report!
Thursday September 3, 2009
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Arena Resources, Inc. (NYSE: ARD) announced today that the Board of Directors of Arena has approved an increase in the 2009 capital expenditure budget (”CAPEX”) to a total of $107 million. The previous 2009 CAPEX was $85 million. The additional funds are directly related to increased activity at the Company’s Fuhrman-Mascho property in Andrews County, Texas. Management is confident that at current commodity prices the 2009 CAPEX can be fully funded through internally generated operating cash flow.
Fulfillment Technologies, LLC. (FillTek) (www.filltek.com/) has chosen Qwest Communications (NYSE: Q) (www.qwest.com/business) for conferencing, domestic toll-free services, and enhanced call routing and management. A full-service provider of order fulfillment, customer care and information technology services, FillTek uses Qwest’s voice services to enhance effectiveness and significantly decrease costs at its Cincinnati contact center.
GetFugu, Inc. (OTCBB:GFGU), www.getfugu.com, announced today that it has executed its first Augmented Reality Link Agreement with advertising powerhouse SpongeTech Delivery Systems, Inc. (OTCBB:SPNG), for which it developed specially designed software, and from which it has booked $250,000 in revenue.
Bonds.com Group, Inc. (OTCBB: BDCG), the operator of a platform for the electronic trading of Fixed Income securities that focuses on increasing liquidity, competitive pricing and bringing transparency to the estimated $29 trillion Fixed Income marketplace, announced today that it has completed the first portion of an anticipated $5 million capital raise and also announced the appointment of industry veteran Mr. Edwin L. Knetzger III as Chairman of its Board of Directors. The funding was provided by Fund Holdings LLC, of which Mr. Knetzger is the Managing Member.
Harvard Bioscience, Inc. (Nasdaq:HBIO), a global developer, manufacturer, and marketer of a broad range of tools to advance life science research, today announced that it has acquired the business of Denville Scientific, Inc. through a purchase of substantially all of Denville’s assets and the assumption of certain of Denville’s liabilities.
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