Neah Power Systems (OTCBB: NPWZ) $0.47. Today announced that Neal Kaufman will assist management in the transition to revenue generation. Kaufman has extensive experience in leading roles in General Electric's Internet subsidiary, and with 3Com Corporation. With this engagement, Neal Kaufman has joined the advisory committee of NPWZ. Mr. Kaufman has significant experience working with large and small high-tech companies, leveraging advanced technologies to bring products to the market. He will work with Neah Power to accelerate the transition from research & development to commercializing products based on the company's award-winning technology.
What They Do: Neah Power Systems is developing long lasting, efficient and safe power solutions for the military, industrial and consumer applications.
Prime Sun Power Inc. (OTCBB: PSPW) $0.20. Today announced its plan to develop, build and operate 500 Megawatts photovoltaic solar power generation through the end of 2013 out of which 150 megawatts is expected to be acquired by third party investors. In addition to the proceeds from selected strategic financiers currently in negotiations with company management, the company will use the revenues generated out of third party projects sales in the development and construction of its own power plants. The company strategy is to act as a consortium leader with reputable world-leading EPC and Module suppliers to deliver all projects on Turnkey basis. The company aims to achieve a leading position in the provision of solar energy.
What They Do: Prime Sun Power intends to provide solar power, wind power, and other renewable energies.
Technical Communications Corporation (OTCBB: TCCO) $7.02. Today announced that its Board of Directors has declared a special one-time dividend of $2.00 per share of common stock outstanding. The dividend is payable in cash on March 22, 2010 to all shareholders of record on March 8, 2010.
The Company also announced that the Board of Directors had discussed the implementation of a quarterly dividend program commencing in the next fiscal quarter. It is the current expectation of the Board of Directors that at the May meeting of the Board, and continuing at each quarterly meeting for the foreseeable future, the Company will consider a declaration of a quarterly dividend in the range of $0.10 per share.
What They Do: TCC designs, manufactures, and supports superior grade secure communications systems that protect highly sensitive information transmitted over a wide range of data, voice and fax networks.
Stratus Media Group (OTCBB: SMDI) $1.70. Today announced that it has executed an exclusive ten-year agreement as the owner, operator and holder of all rights of the International Film Festival in Perugia, Italy, in partnership with the region of Umbria, the Province of Perugia and the Municipality of Perugia. The Perugia International Film Festival is scheduled to have its preliminary launch in the Fall of 2010.
Wladimiro Boccali, Mayor of Perugia stated "We are extremely pleased today to announce the birth of an International Film Festival in our city of Perugia. Our partnership with Stratus Media Group represents another important step in consolidating our relationships with the State of California and the United States. This festival will provide us with as an important source of local growth and will also enhance Perugia's image globally. We look forward to working with Mr. Emanuele Rossi, who will be the President of the festival."
What They Do: Incorporated in November of 1998, Santa Barbara based-Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events.
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