Somaxon Pharmaceuticals, Inc. (Nasdaq:SOMX) announced the closing of its previously announced underwritten public offering of 8,800,000 shares of its common stock. The net proceeds to Somaxon from the sale of the shares, after the underwriting discount and estimated offering expenses payable by Somaxon, are expected to be approximately $24.8 million. Piper Jaffray & Co. acted as sole underwriter for the offering.
Somaxon Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on the in-licensing, development, and commercialization of proprietary branded products and late-stage product candidates for the treatment of diseases and disorders in the central nervous system therapeutic area. Its principal product Silenor (doxepin) has been approved by the United States Food and Drug Administration for the treatment of insomnia characterized by difficulty with sleep maintenance.
Qualstar Corp. (Nasdaq:QBAK) announced expansion to its families of DC-DC power supplies. The new XL125-05DC and XL160-05DC 5 volt models are designed specifically for OEM applications where small size, high efficiency and reliability are critical. The new 5 volt DC-DC power supplies were developed to meet the particular requirements of international telecom systems manufacturers, and complement the AC-DC versions of the same families.
Qualstar Corporation designs, develops, manufactures, and sells automated magnetic tape libraries used to store, retrieve, and manage electronic data primarily in network computing environments worldwide. Its tape libraries consists of cartridge tape drives, tape cartridges, and robotics to move the cartridges from their storage locations to the tape drives under software control.
GreenHouse Holdings, Inc. recently announced the results of operations for the third quarter of Fiscal Year 2010 and is providing a shareholder update.
2010 Operational Highlights:
- Acquired Life Protection Inc., (NYSE:LPI) a subsidiary that provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
- Signed multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million.
*The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI.
- Announced that PepsiCo will partner with GreenHouse to utilize Southern California Edison's Automated Demand Response program at its Buena Park bottling plant.
- Signed Letter of Intent to acquire Control Engineering, Inc (NYSEMKT:CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services.
*Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, and beverage, utility, military and consumer goods.
- Shareholder's equity increased to $2.9 million from a deficit of approximately $2 million as of 12/31/09.
- The Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange.
*In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
"Management is pleased with our operational and financial growth," stated Chris Ursitti, CEO of GreenHouse Holdings. "Life Protection Inc. and the pending acquisition of Control Engineering, Inc. will provide the company with a strong foundation of growth while positioning us as a market leader within the energy efficiency and load reduction arena. In addition to expanding operations within the residential, commercial and governmental markets, we also anticipate expansion from our industrial clients as we deploy our Automated Demand Response products. We are confident that these developments will rapidly increase earnings, expand margins and allow us to achieve our ultimate goal of increased shareholder value."
Based in San Diego, California, GreenHouse Holdings is a sustainable solutions integrator with a variety of services that address needs ranging from alternative/renewable energy and energy conservation to cost effective, rapidly deployable infrastructure and sustainable construction. GreenHouse Holdings provides solutions for single households, corporations, communities, regions, and the federal government that mitigate disposal costs and convert waste streams into valuable resources.
To learn more about GRHU visit: http://www.greenhouseintl.com
Dot Hill Systems Corp. (Nasdaq:HILL) announced this month a new OEM agreement with Wortmann AG, a Germany-based IT solutions provider specializing in small to medium business and home user markets through the European distribution channel. Wortmann's success is founded on the evaluation, development and integration of cost effective IT solutions covering mobile, desktop, server, storage and display technologies through their long established Terra brand portfolio. With more than 24 years of experience, Wortmann is one of the leading IT companies in Germany with subsidiaries in Austria, Switzerland, France, Netherlands and Asia.
Dot Hill Systems Corp. provides entry-level and midrange storage systems and enterprise server software for organizations requiring networked storage and data management solutions in open systems architecture. Its storage solutions consist of integrated hardware, firmware, and software products employing a modular system that allows end-users to add various capacity or data protection schemes as needed.
Signup for FREE Daily Stock Alerts From CRWEFinance.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWEFinance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEFinance.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwefinance.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock.Crown Equity Holdings Inc. (OTCPK:CRWE) has received ten thousand dollars in cash and anticipates another ten thousand dollars in cash from the company for 60 days of advertisement services for Green House Holdings, Inc. (OTCQB:GRHU). In addition to the cash, Crown Equity Holdings Inc. (OTCPK:CRWE) also anticipates receiving 20,000 shares of 144 restricted stocks from a third party.