Lpath, Inc. announced today that it was awarded a $3 million dollar grant by the National Eye Institute’s BRDG-SPAN Program. This is the maximum amount of the program which is designed to accelerate the transition from the development to commercialization of innovative technologies that improve human health, advance the mission of NIH, and create significant economic stimulus. The funds will be used to support Phase II clinical development of Lpath’s iSONEP™ for the treatment of exudative (or wet) age related macular degeneration (AMD) and possibly other ocular disorders.
AMD is a medical condition that usually affects older adults which results in a loss of vision in the center of the visual field (the macula) because of damage to the retina. It occurs in “dry” and “wet” forms. It is a major cause of visual impairment in older adults (>50 years). Macular degeneration can make it difficult or impossible to read or recognize faces, although enough peripheral vision remains to allow other activities of daily life.
Lpath is the recognized category leader in lipidomics-based therapeutics, an emerging field of medicine that targets bioactive signaling lipids for treating a wide range of human disease. Lpath’s ImmuneY2™ drug-discovery engine has the unique ability to generate therapeutic antibodies that bind to and inhibit bioactive lipids that contribute to diseases like wet AMD.
Unlike Lucentis® and off-label use of Avastin®, the 2 primary drugs used to treat wet AMD, iSONEP is designed to target the underlying cause of AMD. Lucentis and Avastin primarily target a single growth factor, VEGF, and typically only result in temporary improvements. The underlying choroidal neovascular (CNV) lesion does not regress much, if at all.
Dr. Roger Sabbadini, Lpath’s founder and chief scientific officer, commented, “Lpath is grateful to the NEI for its generosity and for recognizing the significant value of funding further clinical development of iSONEP. We believe this substantial financial commitment further validates Lpath’s novel approach of targeting bioactive lipids.”
Scott Pancoast, chief executive officer of Lpath, added, “Given how few of these grants are given, it is an honor to be a recipient. The award reflects the strength of our Phase I iSONEP data and the promise overall of our iSONEP program.”
Lpath was partnered with Merch KGaA (Darmstadt, Germany) on ASONEP ™, Lpath’s anti-cancer drug candidate. Recently, Lpath rejected Merck KGaA’s Proposal to extend the opt-in deadline citing terms in the agreement as not being in the best interest of Lpath or its stockholders. The termination became effective April 24, 2010. Lpath is actively seeking to re-partner its ASONEP program.
Lpath has successfully completed Phase I trials with ASONEP. Pre-clinical research showed strong efficacy signals in animal models involving renal cell carcinoma, prostate cancer, neuroblastoma, ovarian cancer, and lung cancer. Phase 1 trial demonstrated an excellent safety profile and produced evidence of pharmacological activity in cancer patients.
More information on Lpath, their compounds in development and the investment opportunity that the company presents can be found at www.lpath.com.
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Friday, July 30, 2010
Pioneer Bankshares, Inc. (PNBI) Posts Positive Q2 Earnings
Pioneer Bankshares Inc. today posted its financial results for the period ended June 30, 2010, reporting increases across the board despite overall burdensome economic conditions. Company management acknowledged the potential threat to its operational results and said it continually monitors economic risks to identify and thwart specific trends that could negatively affect operations.
The parent company of Pioneer Bank reported net earnings of $784,000 for the period ended June 30, 2010, up 8.59 percent as compared to the $722,000 reported in the same period of 2009. Total earnings per share as of June 30, 2010 were $0.76 compared to $0.71 for the same period the year prior.
Pioneer Bankshares grew assets by approximately $6.1 million during the first six months of 2010; investments in securities available for sale increased by approximately $900,000 for the period ended June 30, 2010 as compared to total available securities for sale at December 31, 2009.
The company reported that investments in interest-bearing deposits grew by $4.7 million for the period ended June 30, 2010; investments in Federal Funds Sold decreased by approximately $1.3 million for the period ended June 30, 2010, as compared to balances as of December 31, 2009.
The company increased its loan portfolio by approximately $3.6 million, or 2.89 percent, during the first six months of 2010; deposit portfolio increased by $3.3 million, or 2.53 percent, during the same period. The growth is primarily attributed to interest-bearing demand deposit accounts.
The company said its capital position remains solid at $18.4 million as of June 30, 2010, reflecting 11.09 percent of total assets.
Pioneer Bankshares’ book value as of June 30, 2010 increased 2.47 percent to $17.83 per share compared to a book value of $17.40 per share as of December 31, 2009.
For more information visit http://www.pioneerbks.com
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The parent company of Pioneer Bank reported net earnings of $784,000 for the period ended June 30, 2010, up 8.59 percent as compared to the $722,000 reported in the same period of 2009. Total earnings per share as of June 30, 2010 were $0.76 compared to $0.71 for the same period the year prior.
Pioneer Bankshares grew assets by approximately $6.1 million during the first six months of 2010; investments in securities available for sale increased by approximately $900,000 for the period ended June 30, 2010 as compared to total available securities for sale at December 31, 2009.
The company reported that investments in interest-bearing deposits grew by $4.7 million for the period ended June 30, 2010; investments in Federal Funds Sold decreased by approximately $1.3 million for the period ended June 30, 2010, as compared to balances as of December 31, 2009.
The company increased its loan portfolio by approximately $3.6 million, or 2.89 percent, during the first six months of 2010; deposit portfolio increased by $3.3 million, or 2.53 percent, during the same period. The growth is primarily attributed to interest-bearing demand deposit accounts.
The company said its capital position remains solid at $18.4 million as of June 30, 2010, reflecting 11.09 percent of total assets.
Pioneer Bankshares’ book value as of June 30, 2010 increased 2.47 percent to $17.83 per share compared to a book value of $17.40 per share as of December 31, 2009.
For more information visit http://www.pioneerbks.com
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Novo Energies Corp. (NVNC.OB) Acquires License to Breakthrough Tire and Plastics Gasification Technology
Novo Energies Corp., www.novoenergies.com – the alternative energy company executing a strategy focused on developing recycling centers (plastics/tires) which utilize advanced methods to yield energy and other commodities, announced entry today into a Technology Collaboration Agreement with ASME-certified welding and vessel fabricator Precision Pipe and Vessel, LLC.
The Agreement will also allow for the subsequent acquisition of a worldwide exclusive license to Precision’s proprietary gasification technology.
Able to convert plastic and tire waste into energy, synthetic gases and other viable commodities like recovered steel, the novel, Precision-developed gasification technology will be employed to augment Precision’s Colorado pilot plant while NVNC seeks out multiple US facilities and oversees global roll-out of the technology via its partner, Novo Energies International, Ltd.
Chairman and CEO of NVNC, Antonio Treminio, characterized the agreement as a major milestone for the company and its shareholders.
Treminio noted the exhaustive evaluation process undertaken during the last 12 months, where the most efficient and economical advancements in plastic and tire reconversion technologies were analyzed. These included pyrolysis, which uses gasification, and microwaves, which culminated in the selection of the Precision technology featuring:
• Efficient conversion of tires and plastic feedstock to energy
• Zero toxic emissions for a “green energy” technology profile
• Syngas (Synthesis gas) generation which meets strict quality and consistency standards
• Highest carbon conversion ratio of any known gasification system
• Self-sustaining because it can use its own syngas for power
• Categorically lower production costs overall
Treminio projects that the collaboration will result in a first-of-its-kind commercially and economically viable tire-to-energy facility in North America, not only a milestone for the Company and industry but for environmental progressives the world over.
President of Precision, Ken Klepper, commenting on how special the pilot plant was, noted that the effort that has gone into developing this one-of-a-kind facility has led to a globally unique recycling center capable of taking tire and plastic feedstock and generating a high-quality syngas with zero emissions.
Klepper also pointed to the many years of experience Precision has in designing, building and operating all manner of gasification technologies, and stated quite clearly that this Precision-developed process is a truly “disruptive, clean, and renewable” energy technology breakthrough.
Upcoming plans by NVNC to demo the pilot plant for government officials, institutions, the investment community and utility companies will coincide with output augmentation at the site for the purposes of harnessing the maximum commercial productivity possible.
The Company will put substantial effort into this showcase as it is extremely vital to the commercialization goals set for the technology, and intends to present a unique solution, unavailable elsewhere, which fells two birds with one stone, allowing for highly localized waste reduction and energy creation.
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The Agreement will also allow for the subsequent acquisition of a worldwide exclusive license to Precision’s proprietary gasification technology.
Able to convert plastic and tire waste into energy, synthetic gases and other viable commodities like recovered steel, the novel, Precision-developed gasification technology will be employed to augment Precision’s Colorado pilot plant while NVNC seeks out multiple US facilities and oversees global roll-out of the technology via its partner, Novo Energies International, Ltd.
Chairman and CEO of NVNC, Antonio Treminio, characterized the agreement as a major milestone for the company and its shareholders.
Treminio noted the exhaustive evaluation process undertaken during the last 12 months, where the most efficient and economical advancements in plastic and tire reconversion technologies were analyzed. These included pyrolysis, which uses gasification, and microwaves, which culminated in the selection of the Precision technology featuring:
• Efficient conversion of tires and plastic feedstock to energy
• Zero toxic emissions for a “green energy” technology profile
• Syngas (Synthesis gas) generation which meets strict quality and consistency standards
• Highest carbon conversion ratio of any known gasification system
• Self-sustaining because it can use its own syngas for power
• Categorically lower production costs overall
Treminio projects that the collaboration will result in a first-of-its-kind commercially and economically viable tire-to-energy facility in North America, not only a milestone for the Company and industry but for environmental progressives the world over.
President of Precision, Ken Klepper, commenting on how special the pilot plant was, noted that the effort that has gone into developing this one-of-a-kind facility has led to a globally unique recycling center capable of taking tire and plastic feedstock and generating a high-quality syngas with zero emissions.
Klepper also pointed to the many years of experience Precision has in designing, building and operating all manner of gasification technologies, and stated quite clearly that this Precision-developed process is a truly “disruptive, clean, and renewable” energy technology breakthrough.
Upcoming plans by NVNC to demo the pilot plant for government officials, institutions, the investment community and utility companies will coincide with output augmentation at the site for the purposes of harnessing the maximum commercial productivity possible.
The Company will put substantial effort into this showcase as it is extremely vital to the commercialization goals set for the technology, and intends to present a unique solution, unavailable elsewhere, which fells two birds with one stone, allowing for highly localized waste reduction and energy creation.
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Earthstone Energy, Inc. (BSIC.OB) Reports Completion of New Bakken Well
Earthstone Energy, Inc., www.earthstoneenergy.com – the growth and profitability-focused independent oil and gas firm (formerly Basic Earth Science Systems, Inc., originally formed 41 years ago as a geophysical service company) with substantial operations in the Rocky Mountain Region and Texas/Gulf Coast, reported yesterday that XTO Energy Inc. (acquired by Exxon Mobil Corporation in 2010) finished BSIC’s new well and placed it in production.
This newest well, the Mondak Federal #11X-14H (Section 14, T148N-R105W), is targeting the Bakken Formation in BSIC’s Williston Basin operations and is reported by XTO to have an initial output production rate of 489 BPD, 251 MCF of gas per day and 955 barrels of water per day.
With approximately 8.40625% working interest and a projected $400k in costs associated with drilling and completion, BSIC has added yet another producing revenue stream to its portfolio of operations in the Montana and North Dakota areas of the Williston Basin which, according to the Company’s website, consists of some:
18.6 net oil wells
57 gross oil wells
64,800 Bbls of Oil
29,400 MCF of Gas
With a 33.8k Bbls of oil and 26.4k MCF of gas (4.2 net/7 gross wells) operation in the Denver-Julesburg basin of Colorado, and a smaller operation in Wyoming, BSIC is really capitalizing on its three-pronged organic growth strategy, which emphasizes generating shareholder returns via growth of its resource pool and exploration drilling, including:
Cost-effective implementation of both external and internal drilling projects
Analysis and identification of strategically high-value production sites
Increasing liquidity via cost controls and exploitation of behind-pipe potential
The Company is a survivor, as is evinced by its proven operational track record, with a solid management team capable of steering the ship through even turbulent markets, and BSIC has an extensive production foundation with positive cash flow and profitability on its side.
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This newest well, the Mondak Federal #11X-14H (Section 14, T148N-R105W), is targeting the Bakken Formation in BSIC’s Williston Basin operations and is reported by XTO to have an initial output production rate of 489 BPD, 251 MCF of gas per day and 955 barrels of water per day.
With approximately 8.40625% working interest and a projected $400k in costs associated with drilling and completion, BSIC has added yet another producing revenue stream to its portfolio of operations in the Montana and North Dakota areas of the Williston Basin which, according to the Company’s website, consists of some:
18.6 net oil wells
57 gross oil wells
64,800 Bbls of Oil
29,400 MCF of Gas
With a 33.8k Bbls of oil and 26.4k MCF of gas (4.2 net/7 gross wells) operation in the Denver-Julesburg basin of Colorado, and a smaller operation in Wyoming, BSIC is really capitalizing on its three-pronged organic growth strategy, which emphasizes generating shareholder returns via growth of its resource pool and exploration drilling, including:
Cost-effective implementation of both external and internal drilling projects
Analysis and identification of strategically high-value production sites
Increasing liquidity via cost controls and exploitation of behind-pipe potential
The Company is a survivor, as is evinced by its proven operational track record, with a solid management team capable of steering the ship through even turbulent markets, and BSIC has an extensive production foundation with positive cash flow and profitability on its side.
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Demand and Price Wave Boosts Oil Company Profits, Though Recovery Concerns Keep Investors Nervous
The second largest U.S. oil company, Chevron Corp (NYSE: CVX), has reported a three-fold increase in quarterly profits, with Q2 net income jumping to $5.4 billion ($2.70 per share) from $1.75 billion for the same quarter last year, and revenue increasing 32% to $53 billion. As a further vote of confidence, the company has announced an unlimited stock repurchase plan.
Chevron’s numbers come from rising production, together with higher energy prices and strong margins. The average per barrel sales price for oil and other liquids was 34% higher than it was a year ago, while the sales price for natural gas jumped 18%. The announcement by Chevron follows strong earnings reports from other oil giants, including Exxon Mobil Corp (NYSE: XOM) and Royal Dutch Shell Plc (LSE: RDSA.L).
Oil companies pushed production as oil and gas prices increased, reflecting a rise in consumer demand coming off of a two year slump, although oil prices have now fallen below $78 per barrel as investors continue to worry about the staying power of any recovery. Prices fell midweek to under $77 per barrel, bouncing back on Thursday. A negative report on consumer confidence, together with a higher than expected inventory report from the Energy Information Administration, put pressure on prices.
And pressure is continuing with just released government data showing weaker than expected second quarter economic growth. Quarterly GDP rose at only 2.4%, down from a first quarter rise of 3.7%. In spite of recent positive signs, few doubt that U.S. housing is still in trouble, with government incentives not seen as a meaningful fix. Foreclosures have long since moved beyond the world of sub-prime borrowers, with unemployment becoming an increasing factor. In many communities, almost anyone who purchased a home during the price peak faces foreclosure if they need to move, and the average American moves every 5-10 years.
Nevertheless, oil company earnings remain impressive. Bank of America upgraded shares of ConocoPhillips (NYSE: COP) from sell to neutral, after a strong earnings report earlier in the week. The big exception: British Petroleum (NYSE: BP), which announced that it lost a record $17 billion in the second quarter, as it confirmed that CEO Tony Hayward would be replaced with American Bob Dudley.
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Chevron’s numbers come from rising production, together with higher energy prices and strong margins. The average per barrel sales price for oil and other liquids was 34% higher than it was a year ago, while the sales price for natural gas jumped 18%. The announcement by Chevron follows strong earnings reports from other oil giants, including Exxon Mobil Corp (NYSE: XOM) and Royal Dutch Shell Plc (LSE: RDSA.L).
Oil companies pushed production as oil and gas prices increased, reflecting a rise in consumer demand coming off of a two year slump, although oil prices have now fallen below $78 per barrel as investors continue to worry about the staying power of any recovery. Prices fell midweek to under $77 per barrel, bouncing back on Thursday. A negative report on consumer confidence, together with a higher than expected inventory report from the Energy Information Administration, put pressure on prices.
And pressure is continuing with just released government data showing weaker than expected second quarter economic growth. Quarterly GDP rose at only 2.4%, down from a first quarter rise of 3.7%. In spite of recent positive signs, few doubt that U.S. housing is still in trouble, with government incentives not seen as a meaningful fix. Foreclosures have long since moved beyond the world of sub-prime borrowers, with unemployment becoming an increasing factor. In many communities, almost anyone who purchased a home during the price peak faces foreclosure if they need to move, and the average American moves every 5-10 years.
Nevertheless, oil company earnings remain impressive. Bank of America upgraded shares of ConocoPhillips (NYSE: COP) from sell to neutral, after a strong earnings report earlier in the week. The big exception: British Petroleum (NYSE: BP), which announced that it lost a record $17 billion in the second quarter, as it confirmed that CEO Tony Hayward would be replaced with American Bob Dudley.
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MultiCell Technologies, Inc. (MCET.OB) Completes and Launches New Website
One company that is starting to earn a reputation as a friend to both investors and medical patients is MultiCell Technologies. Located in Woonsocket, Rhode Island, MultiCell is a clinical-stage biopharmaceutical company that is developing novel therapeutics and discovery tools to address unmet medical needs for the treatment of neurological disorders, hepatic disease and cancer. Today, MultiCell took a major step towards enhancing its future with the launch of a new interactive website.
The website was created to provide a new look and updated information about discovery technology platforms and leading drug candidates. Another attractive feature of this website is that it will provide information which will answer the common questions asked by investors and create a vertical line between the potential investor and the company.
Leading the way at MultiCell Technologies is Gerald Newmin who serves as the company’s Chairman and CEO. When asked what this new website will mean to the future of MultiCell, Newmin was quoted as saying, “The new website is designed to inform our shareholders, scientists and the public about the Company’s proprietary therapeutic pipeline which could fill critical unmet medical needs.”
To learn more about MultiCell Technologies and to see their new website, visit: http://www.multicelltech.com.
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The website was created to provide a new look and updated information about discovery technology platforms and leading drug candidates. Another attractive feature of this website is that it will provide information which will answer the common questions asked by investors and create a vertical line between the potential investor and the company.
Leading the way at MultiCell Technologies is Gerald Newmin who serves as the company’s Chairman and CEO. When asked what this new website will mean to the future of MultiCell, Newmin was quoted as saying, “The new website is designed to inform our shareholders, scientists and the public about the Company’s proprietary therapeutic pipeline which could fill critical unmet medical needs.”
To learn more about MultiCell Technologies and to see their new website, visit: http://www.multicelltech.com.
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American DG Energy, Inc. (ADGE) Announces Exclusive Rights Agreement for Europe
American DG Energy Inc. supplies low-cost energy to its customers through distributed power generating systems. The company offers clean electricity, heat, hot water and cooling solutions to hospitality, healthcare and other industrial facilities at lower costs than charged by local utilities. It does this without any capital or start-up costs to the energy user through its On-Site Utility energy solutions.
For customers seeking an alternative to the outright purchase of on-site energy systems, American DG Energy will design, install, own, operate and maintain a combined heat and power system. Since American DG owns the on-site energy system, customers pay no capital costs, operating costs or maintenance costs. They only pay for the energy used.
The company announced yesterday that in addition to its rights in the United States, the company’s European subsidiary – EuroSite Power Inc. – now has exclusive rights agreement in Europe to sell all current and future Tecogen Inc. products, deployed with the On-Site Utility business model. Tecogen products covered by the agreement include: combined heat and power or cogeneration systems, natural gas chiller cooling systems, ultra high-efficiency heating systems and enhanced emission control systems.
The CEO of American DG Energy, John N. Hatsopoulos, commented on the agreement. He said, “To add to our promising growth in the United States…EuroSite Power will now be able to take advantage of the current and future products developed by Tecogen for our On-Site Utility energy business.”
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For customers seeking an alternative to the outright purchase of on-site energy systems, American DG Energy will design, install, own, operate and maintain a combined heat and power system. Since American DG owns the on-site energy system, customers pay no capital costs, operating costs or maintenance costs. They only pay for the energy used.
The company announced yesterday that in addition to its rights in the United States, the company’s European subsidiary – EuroSite Power Inc. – now has exclusive rights agreement in Europe to sell all current and future Tecogen Inc. products, deployed with the On-Site Utility business model. Tecogen products covered by the agreement include: combined heat and power or cogeneration systems, natural gas chiller cooling systems, ultra high-efficiency heating systems and enhanced emission control systems.
The CEO of American DG Energy, John N. Hatsopoulos, commented on the agreement. He said, “To add to our promising growth in the United States…EuroSite Power will now be able to take advantage of the current and future products developed by Tecogen for our On-Site Utility energy business.”
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Exar Corp. (EXAR) Reports Highest Quarterly Revenue in Fifteen Years
Exar Corporation reported its highest quarterly revenue in fifteen years, as the company shipped more than 100 million units in the first quarter of fiscal 2011, which ended 6/27/2010.
Exar Corporation reported revenue of $39.6 million in the first quarter of fiscal 2011, up sequentially from the $38.5 million reported in the final quarter of fiscal 2010. Reported revenue was up on a year over year basis as well from the first quarter of fiscal 2010, when the company came in with revenues of $30.9 million.
Despite the good top line results in the quarter, Exar Corporation was unable to convert the higher revenue into a profitable quarter on a GAAP basis. The company reported a loss in the first quarter of fiscal 2011 of $7.4 million, or ($0.17) per share.
Exar Corporation ended the first quarter of fiscal 2011 with a strong balance sheet. The company reported no long or short term debt, and cash, cash equivalents and short-term marketable securities of $208.2 million.
Exar Corporation is guiding investors to an even better revenue performance in the second quarter of fiscal 2011 (ending 9/26/2010). The company is looking for revenues to fall in a range of $40 to $42 million.
For more information on the company, go to www.exar.com
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Exar Corporation reported revenue of $39.6 million in the first quarter of fiscal 2011, up sequentially from the $38.5 million reported in the final quarter of fiscal 2010. Reported revenue was up on a year over year basis as well from the first quarter of fiscal 2010, when the company came in with revenues of $30.9 million.
Despite the good top line results in the quarter, Exar Corporation was unable to convert the higher revenue into a profitable quarter on a GAAP basis. The company reported a loss in the first quarter of fiscal 2011 of $7.4 million, or ($0.17) per share.
Exar Corporation ended the first quarter of fiscal 2011 with a strong balance sheet. The company reported no long or short term debt, and cash, cash equivalents and short-term marketable securities of $208.2 million.
Exar Corporation is guiding investors to an even better revenue performance in the second quarter of fiscal 2011 (ending 9/26/2010). The company is looking for revenues to fall in a range of $40 to $42 million.
For more information on the company, go to www.exar.com
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GeoPetro Resources Company (GPR) Updates Status of Alaska Project
GeoPetro Resources Company (GPR) issued a status report on the Alaska Cook Inlet Project, the company’s oil and gas development project located in Alaska.
GeoPetro Resources Company has exercised its contractual right to convey to Linc Energy, the company’s partner in the Alaska Cook Inlet Project, a 100% interest in 122,000 acres of leases at the project.
GeoPetro Resources Company will receive $1 million cash upon closing, followed by 75% of the proceeds of the sale of oil and gas from the leases, up to a maximum of $4 million. After the payout to GeoPetro Resources Company reaches $5 million total, the company will receive a 10% royalty payment from future oil and gas production.
GeoPetro Resources Company reported that the assignment of the leases received approval from the Alaska Department of Natural Resources and the Trust Land Office.
GeoPetro Resources Company said that Linc Energy is proceeding toward drilling the first well at the Alaska Cook Inlet Project. The LEA 31 will be drilled vertically and target the Middle and Lower Tyonek Formations. The management of GeoPetro Resources Company was confident about the resource potential of the Alaska Cook Inlet Project.
“The spudding of the first well in the Cook Inlet Region is a significant milestone for the Company. Given the potential for approximately one trillion cubic feet of natural gas, this is an exciting time for us and may represent a transformational event for the Company,” said Stuart J. Dosh, the CEO of GeoPetro Resources Company.
For more information on the company, go to www.geopetro.com
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GeoPetro Resources Company has exercised its contractual right to convey to Linc Energy, the company’s partner in the Alaska Cook Inlet Project, a 100% interest in 122,000 acres of leases at the project.
GeoPetro Resources Company will receive $1 million cash upon closing, followed by 75% of the proceeds of the sale of oil and gas from the leases, up to a maximum of $4 million. After the payout to GeoPetro Resources Company reaches $5 million total, the company will receive a 10% royalty payment from future oil and gas production.
GeoPetro Resources Company reported that the assignment of the leases received approval from the Alaska Department of Natural Resources and the Trust Land Office.
GeoPetro Resources Company said that Linc Energy is proceeding toward drilling the first well at the Alaska Cook Inlet Project. The LEA 31 will be drilled vertically and target the Middle and Lower Tyonek Formations. The management of GeoPetro Resources Company was confident about the resource potential of the Alaska Cook Inlet Project.
“The spudding of the first well in the Cook Inlet Region is a significant milestone for the Company. Given the potential for approximately one trillion cubic feet of natural gas, this is an exciting time for us and may represent a transformational event for the Company,” said Stuart J. Dosh, the CEO of GeoPetro Resources Company.
For more information on the company, go to www.geopetro.com
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Bank of Napa (BNNP.OB) Reports Solid Q2 Results; Achieves First Profitable Quarter
Bank of Napa today posted its first profitable quarter in its operating history, reporting net income for the second quarter of 2010 at $57,000, up from a net loss of $136,000 for the second quarter of 2009.
Total deposits were $72.8 million, up from $17.8 million reported for the second quarter of 2009. Loan totals for the second quarter were $67.2 million, up from $12.98 million for the comparable quarter of 2009.
“We are pleased to attain profitability in these challenging economic times, and will continue to focus on producing consistent and conservative balance sheet growth,” Bank of Napa president and CEO Tom LeMasters stated in the press release.
For the first six months of 2010, Bank of Napa posted a net loss of $37,000, a $295,000 improvement over the first half of 2009.
The bank had total assets of $89.5 million, up 24.5 percent from $17.6 million reported for the same period of last year. Equity capital was reported at $16.5 million at June 30, 2010; equity capital ratios were “well capitalized” within regulatory definition.
Bank of Napa offers commercial banking products and services to individuals as well as business entities and non-profit organizations. The company was founded in 2006 and is based in Napa, Calif.
For more information visit www.thebankofnapa.com
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Total deposits were $72.8 million, up from $17.8 million reported for the second quarter of 2009. Loan totals for the second quarter were $67.2 million, up from $12.98 million for the comparable quarter of 2009.
“We are pleased to attain profitability in these challenging economic times, and will continue to focus on producing consistent and conservative balance sheet growth,” Bank of Napa president and CEO Tom LeMasters stated in the press release.
For the first six months of 2010, Bank of Napa posted a net loss of $37,000, a $295,000 improvement over the first half of 2009.
The bank had total assets of $89.5 million, up 24.5 percent from $17.6 million reported for the same period of last year. Equity capital was reported at $16.5 million at June 30, 2010; equity capital ratios were “well capitalized” within regulatory definition.
Bank of Napa offers commercial banking products and services to individuals as well as business entities and non-profit organizations. The company was founded in 2006 and is based in Napa, Calif.
For more information visit www.thebankofnapa.com
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Silicon Image (SIMG) Posts Strong Q2 Results, Spurs Positive Q3 Estimates
Silicon Image Inc., a leading semiconductor and intellectual property company focused on the secure distribution, presentation and storage of high-definition content, recently posted solid financial results for the second quarter ended June 30, 2010, and offered guidance for the third quarter of 2010.
The company reported revenue for the second quarter at $44.6 million, a significant increase to the $34.3 million reported for the first quarter of 2010 and $37.3 million reported for the second quarter of 2009.
Silicon Image’s GAAP net income for the second quarter of 2010 was $1.8 million, or $0.02 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, for the first quarter of 2010 and net loss of $13.3 million, or $0.18 per diluted share, for the second quarter of 2009. The company’s second quarter 2009 GAAP net loss includes pre-tax restructuring expenses of $7.1 million.
Non-GAAP net income for the company’s second quarter 2010 was posted at $2.0 million, or $0.03 per diluted share, compared to a non-GAAP net loss of $3.6 million, or $0.05 per diluted share, for the first quarter of 2010 and non-GAAP net loss of $4.3 million, or $0.06 per diluted share, for the second quarter of the year prior.
Camillo Martino, Silicon Image CEO, said the company’s expanded market share and upcoming product introduction will boost the company’s results in the upcoming year.
“Silicon Image grew revenue and returned to profitability in the second quarter,” Martino stated in the press release. “We continue to expand our market share in the growing DTV market by offering our customers differentiated technology solutions based on our standards-plus business model. In addition, with the recent publication of the MHL 1.0 specification in June, we plan to launch new products targeted for the mobile market and we expect them to contribute to our revenue growth in 2011.”
The company projects revenue for the third quarter of 2010 between $48 million and $50 million; gross margin between 54%-55%; GAAP operating expenses in the range of $25 million and $26 million; non-GAAP operating expenses of $23 million – $24 million; interest income of approximately $0.6 million; and diluted shares outstanding of approximately 78 million.
For more information visit http://www.SiliconImage.com
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The company reported revenue for the second quarter at $44.6 million, a significant increase to the $34.3 million reported for the first quarter of 2010 and $37.3 million reported for the second quarter of 2009.
Silicon Image’s GAAP net income for the second quarter of 2010 was $1.8 million, or $0.02 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, for the first quarter of 2010 and net loss of $13.3 million, or $0.18 per diluted share, for the second quarter of 2009. The company’s second quarter 2009 GAAP net loss includes pre-tax restructuring expenses of $7.1 million.
Non-GAAP net income for the company’s second quarter 2010 was posted at $2.0 million, or $0.03 per diluted share, compared to a non-GAAP net loss of $3.6 million, or $0.05 per diluted share, for the first quarter of 2010 and non-GAAP net loss of $4.3 million, or $0.06 per diluted share, for the second quarter of the year prior.
Camillo Martino, Silicon Image CEO, said the company’s expanded market share and upcoming product introduction will boost the company’s results in the upcoming year.
“Silicon Image grew revenue and returned to profitability in the second quarter,” Martino stated in the press release. “We continue to expand our market share in the growing DTV market by offering our customers differentiated technology solutions based on our standards-plus business model. In addition, with the recent publication of the MHL 1.0 specification in June, we plan to launch new products targeted for the mobile market and we expect them to contribute to our revenue growth in 2011.”
The company projects revenue for the third quarter of 2010 between $48 million and $50 million; gross margin between 54%-55%; GAAP operating expenses in the range of $25 million and $26 million; non-GAAP operating expenses of $23 million – $24 million; interest income of approximately $0.6 million; and diluted shares outstanding of approximately 78 million.
For more information visit http://www.SiliconImage.com
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Exact Sciences Corp. (EXAS) Colorectal Cancer Screening Technology Achieves 100% Sensitivity
Exact Sciences Corp. is a molecular diagnostics company focusing on colorectal cancer and detection and screening technology. Data regarding the company’s DNA methylation specific technology is available at the annual meeting of the American Association of Clinical Chemistry (AACC). The data demonstrates that the technology, using a combination of DNA methylation markers, detected colorectal cancers and precancers at 100 percent efficacy in a preliminary study with colorectal tissue.
Kevin T. Conroy, president and CEO of Exact Sciences, said the results reflect the company’s stringent research efforts, and noted that the data’s milestone achievement.
“The data being presented today at AACC illustrates the groundbreaking approach Exact Sciences is taking to the detection of both colorectal cancers and precancers,” Conroy stated in the press release. “We believe our study is the first time that any set of markers has achieved 100 percent discrimination of both colorectal cancers and precancers from normal tissue. While we believe the performance of these markers will be diminished in stool samples, the 100 percent sensitivity and specificity they demonstrated in tissue samples gives us confidence about achieving our goal of greater than 85 percent and 50 percent cancer and precancer sensitivity, respectively, in our upcoming validation study, which will include approximately 1,650 stool samples.”
DNA methylation regulates gene expression, which is the process that changes the information found in DNA into proteins. The company said that scientific studies demonstrate methylation markers as clinically relevant to detect colorectal cancers and precancers, as methylation markers are more commonly found than individual DNA mutation markers. In accordance, fewer methylation markers are required to the cancers and precancers.
Exact Science’s data, conducted collaboratively with the Mayo Clinic, is being presented at the AACC meeting in a poster titled “Sensitive Quantification of Methylated Markers with a Novel Methylation Specific Technology.”
For more information, please visit the company’s website at www.exactsciences.com.
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Kevin T. Conroy, president and CEO of Exact Sciences, said the results reflect the company’s stringent research efforts, and noted that the data’s milestone achievement.
“The data being presented today at AACC illustrates the groundbreaking approach Exact Sciences is taking to the detection of both colorectal cancers and precancers,” Conroy stated in the press release. “We believe our study is the first time that any set of markers has achieved 100 percent discrimination of both colorectal cancers and precancers from normal tissue. While we believe the performance of these markers will be diminished in stool samples, the 100 percent sensitivity and specificity they demonstrated in tissue samples gives us confidence about achieving our goal of greater than 85 percent and 50 percent cancer and precancer sensitivity, respectively, in our upcoming validation study, which will include approximately 1,650 stool samples.”
DNA methylation regulates gene expression, which is the process that changes the information found in DNA into proteins. The company said that scientific studies demonstrate methylation markers as clinically relevant to detect colorectal cancers and precancers, as methylation markers are more commonly found than individual DNA mutation markers. In accordance, fewer methylation markers are required to the cancers and precancers.
Exact Science’s data, conducted collaboratively with the Mayo Clinic, is being presented at the AACC meeting in a poster titled “Sensitive Quantification of Methylated Markers with a Novel Methylation Specific Technology.”
For more information, please visit the company’s website at www.exactsciences.com.
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ONE Bio, Corp. (ONBI.OB) Files Patent for Newly Developed Extraction Process for Salvia Miltiorrhiza
ONE Bio, Corp., an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, recently announced that the company’s subsidiary, Green Planet Bioengineering, Co., Ltd., has filed a patent covering its newly developed extraction process for Salvia Miltiorrhiza.
Expected to increase revenue by approximately $2.2 million for the remaining of this year, the new Salvia Miltiorrhiza extract has already allowed the company’s Green Planet Bioengineering division to secure co-operative contracts with multiple renowned pharmaceuticals including Heji Huangpu Baiyunshan Pharmaceutical, Beijing Tongrentang Pharmaceutical, Guangdong Medihealth Pharmaceutical and Jiangmen Mingsheng Pharmaceutical. The Green Planet Bioengineering division successfully developed and obtained the salvia extraction patent in June 2010, which uses a sophisticated technology to break Salvia roots to achieve a 97 percent transfer rate for both Tanshinone and danshinolic acid B.
Mr. Marius Silvasan, ONE Bio, Corp’s chief executive officer, stated, “We are pleased to have obtained this important patent which has allowed us to launch this highly demanded Salvia extract. Initial sales for the extract are very encouraging. Our R&D team continues to deliver us an increasing product portfolio highly demanded in the market place.”
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Expected to increase revenue by approximately $2.2 million for the remaining of this year, the new Salvia Miltiorrhiza extract has already allowed the company’s Green Planet Bioengineering division to secure co-operative contracts with multiple renowned pharmaceuticals including Heji Huangpu Baiyunshan Pharmaceutical, Beijing Tongrentang Pharmaceutical, Guangdong Medihealth Pharmaceutical and Jiangmen Mingsheng Pharmaceutical. The Green Planet Bioengineering division successfully developed and obtained the salvia extraction patent in June 2010, which uses a sophisticated technology to break Salvia roots to achieve a 97 percent transfer rate for both Tanshinone and danshinolic acid B.
Mr. Marius Silvasan, ONE Bio, Corp’s chief executive officer, stated, “We are pleased to have obtained this important patent which has allowed us to launch this highly demanded Salvia extract. Initial sales for the extract are very encouraging. Our R&D team continues to deliver us an increasing product portfolio highly demanded in the market place.”
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Clarkston Financial Corp. (CKFC.OB) Reports Operating Results for Second Quarter
Yesterday, Clarkston Financial Corporation, the holding company for Clarkston State Bank, reported operating results for the second quarter ended June 30, 2010.
Total revenues for the first quarter (net interest income plus noninterest income) were $1,103,000, compared with total revenues of $1,176,000 for Q2 2009. For the six months ended June 30, 2010, total revenues were $2,251,000, compared to $2,653,000 for the six months ended 2009.
Net interest income was lower as a direct result of reducing the size of the balance sheet. Earning assets declined; however, interest-bearing liabilities declined at a more rapid rate. This resulted in a stronger net interest margin. With nonaccrual loans continuing to decline, Clarkston Financial Corporation expects the net interest margin to continue to improve.
The net loss for the second quarter was $348,000, or ($0.16) per diluted share. This is in comparison to a net loss of $766,000, or ($0.52) per diluted share, for Quarter 2 of 2009. For the six months, the net loss was $615,000, or ($0.28) per diluted share. This represents a slight improvement over the net loss of $684,000, or ($0.47) per diluted share for the six months ended 2009.
J. Grant Smith, Clarkston Financial Corporation’s Chief Executive Officer, said, “The focus remains on strengthening our asset quality and finalizing our recapitalization plan. We are working closely with our regulatory partners to finalize approvals which we expect to complete in the third quarter. In the meantime, we continue to maintain excellent liquidity while we focus on improving our core profitability as evidenced by the significant improvement in our net interest margin. On the asset quality front, our nonaccrual loans continue to decline and we have maintained our accruing loan delinquency for loans 30-89 days past due at less than peer levels for six consecutive months. Total delinquency continues to decline as well and is very near peer levels. We will continue to follow our turnaround plan until we have achieved our goals which are now clearly attainable.”
Clarkston State Bank provides commercial and consumer banking products and services in Michigan. They operate four branches in Clarkston, Waterford, and Independence Township. Clarkston State Bank opened in January 1999.
For more information visit: www.clarkstonstatebank.com
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Total revenues for the first quarter (net interest income plus noninterest income) were $1,103,000, compared with total revenues of $1,176,000 for Q2 2009. For the six months ended June 30, 2010, total revenues were $2,251,000, compared to $2,653,000 for the six months ended 2009.
Net interest income was lower as a direct result of reducing the size of the balance sheet. Earning assets declined; however, interest-bearing liabilities declined at a more rapid rate. This resulted in a stronger net interest margin. With nonaccrual loans continuing to decline, Clarkston Financial Corporation expects the net interest margin to continue to improve.
The net loss for the second quarter was $348,000, or ($0.16) per diluted share. This is in comparison to a net loss of $766,000, or ($0.52) per diluted share, for Quarter 2 of 2009. For the six months, the net loss was $615,000, or ($0.28) per diluted share. This represents a slight improvement over the net loss of $684,000, or ($0.47) per diluted share for the six months ended 2009.
J. Grant Smith, Clarkston Financial Corporation’s Chief Executive Officer, said, “The focus remains on strengthening our asset quality and finalizing our recapitalization plan. We are working closely with our regulatory partners to finalize approvals which we expect to complete in the third quarter. In the meantime, we continue to maintain excellent liquidity while we focus on improving our core profitability as evidenced by the significant improvement in our net interest margin. On the asset quality front, our nonaccrual loans continue to decline and we have maintained our accruing loan delinquency for loans 30-89 days past due at less than peer levels for six consecutive months. Total delinquency continues to decline as well and is very near peer levels. We will continue to follow our turnaround plan until we have achieved our goals which are now clearly attainable.”
Clarkston State Bank provides commercial and consumer banking products and services in Michigan. They operate four branches in Clarkston, Waterford, and Independence Township. Clarkston State Bank opened in January 1999.
For more information visit: www.clarkstonstatebank.com
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Topaz Resources, Inc. (TOPZ.OB) Video Chart for Friday, July 30, 2010
TOPZ is holding a solid support level at $.30. This support level must hold as the moving averages are converging, giving hints that a move is possibly coming.
Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=452
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Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=452
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Thursday, July 29, 2010
Gold Resource Corp. (GORO.OB) Declares Initial Special Cash Dividend
Gold Resource Corp. is a mining company focused on the development and production of gold and silver projects that feature low operating costs and produce high returns on capital. The company has a 100% interest in five potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. Notably, earlier this month Gold Resource applied for a NYSE: Amex listing.
The company announced today that it has declared an initial special cash dividend of $0.03 per common share to its shareholders of record August 16, 2010 and payable on or about August 26th. Since going public in September 2006, Gold Resource has had a specific corporate focus on the ability to return money to its shareholders. In order to accomplish this goal, its management has maintained a disciplined capital structure, generating cash flow from operations.
Gold Resource started commercial production on July 1, 2010 from its El Aguila Project’s operations in the southern state of Oaxaco, Mexico. The company is very pleased with the project’s performance and this prompted it to declare the special cash dividend which will paid by using some of the cash flow from the El Aguila Project.
The company’s president, Jason Reid, stated, “We are proud to announce this initial special cash dividend to our shareholders. Though there are no guarantees as to future dividends, we remain steadfast on our longstanding goal to return approximately one-third cash flow generated from operations back to the shareholders.”
For more information on Gold Resource, please visit their website at www.goldresourcecorp.com.
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The company announced today that it has declared an initial special cash dividend of $0.03 per common share to its shareholders of record August 16, 2010 and payable on or about August 26th. Since going public in September 2006, Gold Resource has had a specific corporate focus on the ability to return money to its shareholders. In order to accomplish this goal, its management has maintained a disciplined capital structure, generating cash flow from operations.
Gold Resource started commercial production on July 1, 2010 from its El Aguila Project’s operations in the southern state of Oaxaco, Mexico. The company is very pleased with the project’s performance and this prompted it to declare the special cash dividend which will paid by using some of the cash flow from the El Aguila Project.
The company’s president, Jason Reid, stated, “We are proud to announce this initial special cash dividend to our shareholders. Though there are no guarantees as to future dividends, we remain steadfast on our longstanding goal to return approximately one-third cash flow generated from operations back to the shareholders.”
For more information on Gold Resource, please visit their website at www.goldresourcecorp.com.
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Lucas Energy (LEI) Reports Three Well Completions
Lucas Energy reported the successful completion of three wells as part of the company’s 2010 oil and gas development program. The wells were drilled and completed over the last two months on the company’s acreage in Texas.
Lucas Energy drilled and completed the Wall No.1 well located in Wilson County. The well was a re-entry of a previously drilled well to the Buda formation. The Wall No.1 well was producing at a rate of 91 barrels of oil per day, with no water present. The management of Lucas Energy believes that this well has potential for the Eagle Ford Shale formation, which is located just above the Buda formation.
Lucas Energy drilled and completed the Stoeltje No.2 well located in Wilson County. The well was a re-entry of a well previously drilled into the Austin Chalk formation. The well was producing at a rate of 23 barrels of oil per day, along with 28 barrels per day of water per day.
Lucas Energy drilled and completed the Gescheidle No.1 well, which is a plug back of a lateral in the Austin Chalk formation, along with a new completion into the Buda formation. The well was producing at a rate of 254 barrels of oil per day, along with 130 barrels per day of water per day. Lucas Energy said that most of the water was part of the fluid used to stimulate the well when it was completed.
For more information on the company, go to www.lucasenergy.com
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Lucas Energy drilled and completed the Wall No.1 well located in Wilson County. The well was a re-entry of a previously drilled well to the Buda formation. The Wall No.1 well was producing at a rate of 91 barrels of oil per day, with no water present. The management of Lucas Energy believes that this well has potential for the Eagle Ford Shale formation, which is located just above the Buda formation.
Lucas Energy drilled and completed the Stoeltje No.2 well located in Wilson County. The well was a re-entry of a well previously drilled into the Austin Chalk formation. The well was producing at a rate of 23 barrels of oil per day, along with 28 barrels per day of water per day.
Lucas Energy drilled and completed the Gescheidle No.1 well, which is a plug back of a lateral in the Austin Chalk formation, along with a new completion into the Buda formation. The well was producing at a rate of 254 barrels of oil per day, along with 130 barrels per day of water per day. Lucas Energy said that most of the water was part of the fluid used to stimulate the well when it was completed.
For more information on the company, go to www.lucasenergy.com
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Royale Energy, Inc. (ROYL) Reports Successful Drilling of Well in LoneStar Field
Royale Energy, Inc. reported the successful drilling of the North East Parks #1 well on its acreage position in California. This was the sixth well the company has drilled in 2010, surpassing the five wells drilled in 2009.
This was the second successful well for Royale Energy, Inc. during the last few months. The company drilled and completed the Victor Ranch 3-9 well located in the East Rice Creek field and reported natural gas shows in that well from three different zones.
The North East Parks #1 is located in the LoneStar field, and Royale Energy, Inc. said that the company would begin completion operations on the well immediately. Production from both the North East Parks #1 and the Victor Ranch 3-9 are expected to contribute to revenues starting in August 2010.
Royale Energy, Inc. has an ambitious oil and gas development program in California in 2010. The company plans to drill six additional wells natural gas wells in 2010. Royale Energy, Inc. previously drilled the Vann #1 and Goddard 1-7 wells earlier in 2010. The two wells went to sales in the second quarter of 2010.
For more information on the company, go to www.royl.com
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This was the second successful well for Royale Energy, Inc. during the last few months. The company drilled and completed the Victor Ranch 3-9 well located in the East Rice Creek field and reported natural gas shows in that well from three different zones.
The North East Parks #1 is located in the LoneStar field, and Royale Energy, Inc. said that the company would begin completion operations on the well immediately. Production from both the North East Parks #1 and the Victor Ranch 3-9 are expected to contribute to revenues starting in August 2010.
Royale Energy, Inc. has an ambitious oil and gas development program in California in 2010. The company plans to drill six additional wells natural gas wells in 2010. Royale Energy, Inc. previously drilled the Vann #1 and Goddard 1-7 wells earlier in 2010. The two wells went to sales in the second quarter of 2010.
For more information on the company, go to www.royl.com
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The Eastern Company (EML) Reports Outstanding 2Q and Six-month 2010 Financials
The Eastern Company, www.easterncompany.com – founded in 1858 and widely known as an established manufacturer of high-quality security and industrial hardware, yesterday issued a financial report on its operations in 2Q and the six-month period for FY10.
Sales and Income data offers a very clear picture of strong demand in each segment:
• 2Q Sales, up 16% to $32.6M (compared to $28.1M in 2Q FY09)
• 2Q Net Income, up 67% to $1.4M or $0.23 per diluted share ($842k/$0.13)
• Six-month Net Sales up 12% to $63.5M ($56.5M)
• Six-month Net Income up 110% to $2.4M or $0.40 per diluted share (loss of $240k/$0.04)
Chairman, President and CEO of EML, Leonard F. Leganza, beamed at the data, which shows an “upward trend which began in the first quarter of this year”, and noted increased sales in every single market EML serves as evidence that (irrespective of future market conditions) the Company has a solid business plan/structure, good product uptake with strong market presence, and clear objectives for FY10.
Projecting continued improvement and increases in sales, as well as growth across all segments and earnings for the year, Leganza inferred that “cost and expense reductions” implemented in 2009 were driving strong organic growth and efficiency across the board.
The Eastern Company has operations in the U.S., Canada, China, Mexico, and Taiwan, with a diverse manufacturing base structured on a modular fashion that allows for adaptation and market responsiveness:
• Security Products – the Greenwald Industries Division manufactures coin acceptors, metering systems (laundromats, etc.) and new “Smart Card” payment systems; The Illinois Lock Company/CCL Security Products Division makes keyless locks for sale under established brand names like Huski, Presto and Sesamee; World Lock and World Security gives EML a solid footprint in Asian markets and a swifter hand in distribution to a global economy
• Industrial Hardware – headed by the Eberhard Division, which has been an industry leader for over 100 years, the Industrial Hardware Group manufactures a wide range of latches, locks and various security hardware for the transportation and industrial sectors
• Metal Products – the Frazer & Jones Division is a recognized leader in manufacturing anchoring devices used to support roofs (ceilings) in underground mining
Mr. Leganza detailed some of the fundamentals for each segment:
• Security Products Group – strong demand in a majority of served markets despite relative softening of commercial laundry markets, combined with the roll-out of advanced coin recognition and card systems in 2Q FY10, bolstering new market opportunities
• Industrial Hardware Group – strong demand for lightweight composite panels, increase in demand for Class 8 sleeper cab and delivery truck applications, in addition to the introduction of new products
• Metal Products Group – rising demand for coal driving mining industry growth in conjunction with a $2.5M production improvement initiative (major installations in early August) that will not disrupt service
Mr. Leganza cited the sufficiency of current liquidity plans to service debt, replace/upgrade capital equipment, and support dividend policies, and pledged to redouble efforts to maintain liquidity throughout 2010, improve operating results, and enable the pursuit of EML’s strategic vision.
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Sales and Income data offers a very clear picture of strong demand in each segment:
• 2Q Sales, up 16% to $32.6M (compared to $28.1M in 2Q FY09)
• 2Q Net Income, up 67% to $1.4M or $0.23 per diluted share ($842k/$0.13)
• Six-month Net Sales up 12% to $63.5M ($56.5M)
• Six-month Net Income up 110% to $2.4M or $0.40 per diluted share (loss of $240k/$0.04)
Chairman, President and CEO of EML, Leonard F. Leganza, beamed at the data, which shows an “upward trend which began in the first quarter of this year”, and noted increased sales in every single market EML serves as evidence that (irrespective of future market conditions) the Company has a solid business plan/structure, good product uptake with strong market presence, and clear objectives for FY10.
Projecting continued improvement and increases in sales, as well as growth across all segments and earnings for the year, Leganza inferred that “cost and expense reductions” implemented in 2009 were driving strong organic growth and efficiency across the board.
The Eastern Company has operations in the U.S., Canada, China, Mexico, and Taiwan, with a diverse manufacturing base structured on a modular fashion that allows for adaptation and market responsiveness:
• Security Products – the Greenwald Industries Division manufactures coin acceptors, metering systems (laundromats, etc.) and new “Smart Card” payment systems; The Illinois Lock Company/CCL Security Products Division makes keyless locks for sale under established brand names like Huski, Presto and Sesamee; World Lock and World Security gives EML a solid footprint in Asian markets and a swifter hand in distribution to a global economy
• Industrial Hardware – headed by the Eberhard Division, which has been an industry leader for over 100 years, the Industrial Hardware Group manufactures a wide range of latches, locks and various security hardware for the transportation and industrial sectors
• Metal Products – the Frazer & Jones Division is a recognized leader in manufacturing anchoring devices used to support roofs (ceilings) in underground mining
Mr. Leganza detailed some of the fundamentals for each segment:
• Security Products Group – strong demand in a majority of served markets despite relative softening of commercial laundry markets, combined with the roll-out of advanced coin recognition and card systems in 2Q FY10, bolstering new market opportunities
• Industrial Hardware Group – strong demand for lightweight composite panels, increase in demand for Class 8 sleeper cab and delivery truck applications, in addition to the introduction of new products
• Metal Products Group – rising demand for coal driving mining industry growth in conjunction with a $2.5M production improvement initiative (major installations in early August) that will not disrupt service
Mr. Leganza cited the sufficiency of current liquidity plans to service debt, replace/upgrade capital equipment, and support dividend policies, and pledged to redouble efforts to maintain liquidity throughout 2010, improve operating results, and enable the pursuit of EML’s strategic vision.
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Cord Blood America, Inc.’s (CBAI.OB) Six Month Overview Shows Explosive Growth Potential
Cord Blood America, Inc., www.cordblood-america.com – leaders in the innovative and life-saving science of preserving umbilical cord blood for future use in the treatment of diseases within the patient’s family, disclosed details regarding operations for the six-month period ending June 30, 2010.
Co-Founder and CEO, Matthew Schissler, characterized the six-month report as the most significant and eventful in the entire history of CBAI, projecting that if this pace of expansion and acquisitive activity were to continue, the Company is well within striking distance of becoming “the most significant stem cell company in the world.”
Kicking off 2010 with the Grand Opening of their new 17k sq ft stem cell lab and HQ – believed to be the largest such cryogenic storage facility/stem cell lab in the US – with 200+ investors and local and state dignitaries in attendance, CBAI immediately followed up on this huge boost with the announcement of an up to $16.8M funding commitment in January to fund acquisitions and strategic activity for the year.
Signing a letter of intent with Argentina’s biggest stem cell company, BioCells, Inc. ($1.5M per year in revenue), in January to process and store cord blood specimens, CBAI finalized the LOI in February and proceeded to announce intent to purchase controlling interest in the highly profitable firm in April.
The Company also announced signing of a placenta collection services agreement in April with an established and well-respected U.S. tissue bank for therapeutic transplantation purposes, which Schissler described as consisting of mostly sickle cell and leukemia treatments, noting ongoing research for applications in “diabetes, heart disease, stroke and other major medical conditions.”
Appointment of the President of the Nevada Oncology Society, Shamoon Ahmad, M.D., as CBAI’s Director of its Medical Advisory Board in February was a real feather in the Company’s cap, as Ahmad’s distinguished record in oncology and vast experience emboldened personnel throughout the ranks.
With acquisition of controlling interest in German cord blood banking leader stellacure GmbH (which operates with the German Red Cross) in March, CBAI secured an excellent European market foothold for expansion of services throughout Europe, while gaining yet another solid revenue engine ($1M+ projected for 2010).
The Company also signed a License and Cooperation Agreement in March in China with the intention of creating “the world’s largest cord blood bank in the world’s most populous nation.”
In May CBAI rolled-out the “Afford-A-Cord” which, by lowering the initial cost of stem cell storage to consumer levels, has opened up major new medical advances with stem cells to more families – a June analytical review indicates the new program should really boost new account additions.
Schissler pointed to the clear strategy of top-line focused goals, laid out for investors at the start of the year, which emphasized organic growth, acquisition, and revenue stream diversification as constituting a strong foundation built in the first half of 2010 which makes everyone very excited about the second half.
Schissler reaffirmed the core strategy and hinted to upcoming news that he believes will handsomely reward all of CBAI’s loyal shareholders.
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Co-Founder and CEO, Matthew Schissler, characterized the six-month report as the most significant and eventful in the entire history of CBAI, projecting that if this pace of expansion and acquisitive activity were to continue, the Company is well within striking distance of becoming “the most significant stem cell company in the world.”
Kicking off 2010 with the Grand Opening of their new 17k sq ft stem cell lab and HQ – believed to be the largest such cryogenic storage facility/stem cell lab in the US – with 200+ investors and local and state dignitaries in attendance, CBAI immediately followed up on this huge boost with the announcement of an up to $16.8M funding commitment in January to fund acquisitions and strategic activity for the year.
Signing a letter of intent with Argentina’s biggest stem cell company, BioCells, Inc. ($1.5M per year in revenue), in January to process and store cord blood specimens, CBAI finalized the LOI in February and proceeded to announce intent to purchase controlling interest in the highly profitable firm in April.
The Company also announced signing of a placenta collection services agreement in April with an established and well-respected U.S. tissue bank for therapeutic transplantation purposes, which Schissler described as consisting of mostly sickle cell and leukemia treatments, noting ongoing research for applications in “diabetes, heart disease, stroke and other major medical conditions.”
Appointment of the President of the Nevada Oncology Society, Shamoon Ahmad, M.D., as CBAI’s Director of its Medical Advisory Board in February was a real feather in the Company’s cap, as Ahmad’s distinguished record in oncology and vast experience emboldened personnel throughout the ranks.
With acquisition of controlling interest in German cord blood banking leader stellacure GmbH (which operates with the German Red Cross) in March, CBAI secured an excellent European market foothold for expansion of services throughout Europe, while gaining yet another solid revenue engine ($1M+ projected for 2010).
The Company also signed a License and Cooperation Agreement in March in China with the intention of creating “the world’s largest cord blood bank in the world’s most populous nation.”
In May CBAI rolled-out the “Afford-A-Cord” which, by lowering the initial cost of stem cell storage to consumer levels, has opened up major new medical advances with stem cells to more families – a June analytical review indicates the new program should really boost new account additions.
Schissler pointed to the clear strategy of top-line focused goals, laid out for investors at the start of the year, which emphasized organic growth, acquisition, and revenue stream diversification as constituting a strong foundation built in the first half of 2010 which makes everyone very excited about the second half.
Schissler reaffirmed the core strategy and hinted to upcoming news that he believes will handsomely reward all of CBAI’s loyal shareholders.
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National Automation Services, Inc. (NASV.OB) Thrives On Diversity
Even a partial client list for National Automation Services Inc, nationally known provider of industrial controls and automation solutions, gives an idea of the extensive diversity of the company’s potential applications. Virtually any industry that moves and processes materials of any kind is a target for NAS.
• Safeway
• Watson Pharmaceuticals
• Coca Cola Bottling
• City of Phoenix
• Meyers Bakeries
• Las Vegas Water District
• ON Semiconductors (spun off from Motorola)
• Weyerhauser
• Honeywell
• Alaska Marine Highway System
• Better Built Aluminum
• Chevron
• Southwest Airlines
• Pepsi Cola
• Western Mining & Minerals
• Mirage Hotel & Casino
The above companies may seem to have little in common, representing a diverse range of industries, but a brief look at a few of these NAS projects will show just how flexible the application of control technology can be.
• Southwest Airlines – NAS supports operations at the Las Vegas McCarran International Airport by maintaining the extensive baggage handling systems, utilizing dozens of controllers. Their scan array system examines baggage and automates the sorting, with a tie-in for bomb detection. NAS was recently asked by Southwest to support all of their operations throughout the western U.S.
• Honeywell Security Division – NAS manufactured various types of highly specialized control panels used by Honeywell for station security at remote locations on the Alaska pipeline, including some cabinets that require exposure to explosive materials.
• City Of Phoenix – NAS designed remote terminal units to deliver and meter reclaimed water to golf courses and parks, involving PLC programming and integration for tying totalized data back to the City of Phoenix Water Reclamation Plant.
• Western Mining & Minerals – NAS supports all of the automation and controls for the company’s St. George operations, including emergency and scheduled services of various plant instrumentation.
For more information, see the company’s website at www.NASAutomation.com.
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• Safeway
• Watson Pharmaceuticals
• Coca Cola Bottling
• City of Phoenix
• Meyers Bakeries
• Las Vegas Water District
• ON Semiconductors (spun off from Motorola)
• Weyerhauser
• Honeywell
• Alaska Marine Highway System
• Better Built Aluminum
• Chevron
• Southwest Airlines
• Pepsi Cola
• Western Mining & Minerals
• Mirage Hotel & Casino
The above companies may seem to have little in common, representing a diverse range of industries, but a brief look at a few of these NAS projects will show just how flexible the application of control technology can be.
• Southwest Airlines – NAS supports operations at the Las Vegas McCarran International Airport by maintaining the extensive baggage handling systems, utilizing dozens of controllers. Their scan array system examines baggage and automates the sorting, with a tie-in for bomb detection. NAS was recently asked by Southwest to support all of their operations throughout the western U.S.
• Honeywell Security Division – NAS manufactured various types of highly specialized control panels used by Honeywell for station security at remote locations on the Alaska pipeline, including some cabinets that require exposure to explosive materials.
• City Of Phoenix – NAS designed remote terminal units to deliver and meter reclaimed water to golf courses and parks, involving PLC programming and integration for tying totalized data back to the City of Phoenix Water Reclamation Plant.
• Western Mining & Minerals – NAS supports all of the automation and controls for the company’s St. George operations, including emergency and scheduled services of various plant instrumentation.
For more information, see the company’s website at www.NASAutomation.com.
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Viking Systems, Inc. (VKNG.OB) Announces Contract Extension with Boston Scientific, Inc.
Viking Systems, Inc., a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery, recently announced that the company has extended its supply contract with Boston Scientific, Inc., a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties.
Viking Systems has experienced continued success with Boston Scientific’s SpyGlass® Direct Visualization System; therefore, the companies agreed to extend the term of the supply agreement through May 2012. Boston Scientific’s SpyGlass Direct Visualization System is the latest advancement in intraductal visualization during a cholangioscopy.
Jed Kennedy, president chief executive officer of Viking Systems, stated, “We are very pleased to have reached this agreement with Boston Scientific. Our OEM products provide a solid manufacturing base that benefits both our OEM and Viking brand products including our planned Next Generation 3DHD Visualization System.” Mr. Kennedy continued, “Our relationship with Boston Scientific and our other OEM customers brings further credibility to Viking as a high quality designer and manufacturer of visualization products for the medical markets.”
For more information about Viking Systems, Inc., please visit www.vikingsystems.com.
For more information regarding Boston Scientific, Inc., please visit: www.bostonscientific.com.
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Viking Systems has experienced continued success with Boston Scientific’s SpyGlass® Direct Visualization System; therefore, the companies agreed to extend the term of the supply agreement through May 2012. Boston Scientific’s SpyGlass Direct Visualization System is the latest advancement in intraductal visualization during a cholangioscopy.
Jed Kennedy, president chief executive officer of Viking Systems, stated, “We are very pleased to have reached this agreement with Boston Scientific. Our OEM products provide a solid manufacturing base that benefits both our OEM and Viking brand products including our planned Next Generation 3DHD Visualization System.” Mr. Kennedy continued, “Our relationship with Boston Scientific and our other OEM customers brings further credibility to Viking as a high quality designer and manufacturer of visualization products for the medical markets.”
For more information about Viking Systems, Inc., please visit www.vikingsystems.com.
For more information regarding Boston Scientific, Inc., please visit: www.bostonscientific.com.
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VaxGen, Inc. (VXGN.OB) Completes Merger with diaDexus
One company that has investors talking is VaxGen, Inc. Located in San Francisco, California, VaxGen is focused on the development and commercialization of patent-protected in vitro diagnostic products that are addressing unmet needs in the battle against cardiovascular disease. Today, VaxGen took a major step towards enhancing its future with the announcement they have completed a merger with diaDexus.
diaDexus, Inc. is known as a stellar company with the same mission as VaxGen. The two companies will create a corporation that has the potential to help families and the medical community battle and overcome cardiovascular disease.
As a result of this merger, VaxGen now has 53,067,057 shares of common stock with 19,960,534 being issued to certain diaDexus shareholders. The merger will allow VaxGen shareholders to continue to own 62% of the company with diaDexus, LLC (the successor of diaDexus, Inc. in the transaction) operating as a wholly-owned subsidiary of VaxGen.
Leading the way at VaxGen is their new President and CEO Patrick Plewman. Commenting on what this merger will mean to the future of VaxGen, Plewman was quoted as saying, “We believe the company has the opportunity for strong revenue growth based on the potential of the PLAC Test and on the cash assets that are being combined in this merger. The PLAC ELISA Test for Lp-PLA2 is the only blood test cleared by the FDA to assess risk for coronary heart disease and ischemic stroke, the #1 and #3 cause of death, respectively, in the United States.”
To learn more about VaxGen, visit the company website at: www.vaxgen.com.
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diaDexus, Inc. is known as a stellar company with the same mission as VaxGen. The two companies will create a corporation that has the potential to help families and the medical community battle and overcome cardiovascular disease.
As a result of this merger, VaxGen now has 53,067,057 shares of common stock with 19,960,534 being issued to certain diaDexus shareholders. The merger will allow VaxGen shareholders to continue to own 62% of the company with diaDexus, LLC (the successor of diaDexus, Inc. in the transaction) operating as a wholly-owned subsidiary of VaxGen.
Leading the way at VaxGen is their new President and CEO Patrick Plewman. Commenting on what this merger will mean to the future of VaxGen, Plewman was quoted as saying, “We believe the company has the opportunity for strong revenue growth based on the potential of the PLAC Test and on the cash assets that are being combined in this merger. The PLAC ELISA Test for Lp-PLA2 is the only blood test cleared by the FDA to assess risk for coronary heart disease and ischemic stroke, the #1 and #3 cause of death, respectively, in the United States.”
To learn more about VaxGen, visit the company website at: www.vaxgen.com.
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Amerilithium Corp. (AMEL.OB) Video Chart for Thursday, July 29, 2010
AMEL has been trending sideways in a tight channel for several weeks. We are looking for support to hold and resistance to be broken as explained in the video.
Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=451
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Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=451
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International Stem Cell Corp. (ISCO.OB) Inks Distribution Agreement with Sristi Biosciences
International Stem Cell Corp. and its subsidiary Lifeline Cell Technology ® have entered into an agreement with Sristi Biosciences for the distribution of the Lifeline brand of human cell culture products in India.
Lifeline develops, manufactures and distributes primary human cells and media and growth factors for optimized culturing of cells, including stem cells. The company notes international requests for its products, including India, one of the fastest growing markets for such products.
Lifeline CEO and senior vice president of Operations at ISCO, Jeffrey Janus, said Sristi Biosciences is highly experienced in advanced cell therapy, and that the company has established a web of professionals and networks that will benefit Lifeline’s plan for growth.
“Sristi Biosciences is part of one of the most experienced biotechnology companies in India and the first to advance cell therapy into human trials in that country. Their network among academic and corporate researchers and experience and capacity to import and handle primary cell cultures, media and growth factors in India will be highly valuable for Lifeline to continue the international commercial expansion of its brand,” Janus stated in the press release.
Lifeline’s is backed by scientists with more than 20 years of experience developing products for the culture of human cells, and sells more than 75 standardized products internationally, directly and through U.S. distributors.
“We are pleased to be the first company to introduce the Lifeline products to the growing Indian research market. Our cell culture experience and broad market reach in India will benefit the brand and help Sristi Biosciences further accelerate its commercialization and corporate growth in the biomedical field,” Dr. Sudhir Reddy, CEO of Sristi Biosciences stated.
ISCO recently announced collaborative efforts with leading Indian eye hospital and research center Sankara Nethralaya regarding ISCO’s human corneal tissue. ISCO also recently signed a Letter of Intent with Insight Bioventures India (IBVI) to obtain funding and to establish and develop manufacturing operations for ISCO India’s research and pharmaceutical products in India.
The agreement with Sristi Biosciences will enhance ISCO’s relationship with IBVI.
“The Lifeline distribution agreement with Sristi Biosciences is central to ISCO’s international expansion. Besides facilitating commercialization of the Lifeline products in India, Sristi Biosciences’ cell therapy development, regulatory and manufacturing expertise will be important as ISCO and IBVI seek to establish ISCO India with cost-efficient development and manufacturing of research and pharmaceutical products for the Indian and broader Asian markets,” Brian Lundstrom, ISCO’s president stated.
For more information visit www.internationalstemcell.com
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Lifeline develops, manufactures and distributes primary human cells and media and growth factors for optimized culturing of cells, including stem cells. The company notes international requests for its products, including India, one of the fastest growing markets for such products.
Lifeline CEO and senior vice president of Operations at ISCO, Jeffrey Janus, said Sristi Biosciences is highly experienced in advanced cell therapy, and that the company has established a web of professionals and networks that will benefit Lifeline’s plan for growth.
“Sristi Biosciences is part of one of the most experienced biotechnology companies in India and the first to advance cell therapy into human trials in that country. Their network among academic and corporate researchers and experience and capacity to import and handle primary cell cultures, media and growth factors in India will be highly valuable for Lifeline to continue the international commercial expansion of its brand,” Janus stated in the press release.
Lifeline’s is backed by scientists with more than 20 years of experience developing products for the culture of human cells, and sells more than 75 standardized products internationally, directly and through U.S. distributors.
“We are pleased to be the first company to introduce the Lifeline products to the growing Indian research market. Our cell culture experience and broad market reach in India will benefit the brand and help Sristi Biosciences further accelerate its commercialization and corporate growth in the biomedical field,” Dr. Sudhir Reddy, CEO of Sristi Biosciences stated.
ISCO recently announced collaborative efforts with leading Indian eye hospital and research center Sankara Nethralaya regarding ISCO’s human corneal tissue. ISCO also recently signed a Letter of Intent with Insight Bioventures India (IBVI) to obtain funding and to establish and develop manufacturing operations for ISCO India’s research and pharmaceutical products in India.
The agreement with Sristi Biosciences will enhance ISCO’s relationship with IBVI.
“The Lifeline distribution agreement with Sristi Biosciences is central to ISCO’s international expansion. Besides facilitating commercialization of the Lifeline products in India, Sristi Biosciences’ cell therapy development, regulatory and manufacturing expertise will be important as ISCO and IBVI seek to establish ISCO India with cost-efficient development and manufacturing of research and pharmaceutical products for the Indian and broader Asian markets,” Brian Lundstrom, ISCO’s president stated.
For more information visit www.internationalstemcell.com
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Nine Mile Software (NMLE.OB) Releases TradeWarrior Small Business 1.0 for Registered Investment Advisors
Nine Mile Software, Inc. announced today the official launch of TradeWarrior Small Business 1.0. TradeWarrior is a portfolio rebalancing and trading tool designed specifically for the growing Registered Investment Advisory (RIA) marketplace. It greatly reduces the time it takes an RIA firm to trade and rebalance their book of business. The latest major beta test was released on June 8th in preparation for today’s launch.
A Registered Investment Advisor is defined as an advisor, registered with the Securities and Exchange Commission, who manages the investments of others. Typically, an RIA with more than $25 million under management must register with the SEC. RIAs managing less than $25 million are registered at the state level.
Damon Deru, CEO of Nine Mile Software, Inc. stated, “We are excited to release TradeWarrior into the market today. This culminates over two and a half years of commercial development on the software. TradeWarrior offers a new level of functionality and affordability for advisors.” He further stated, “I’d like to personally thank all the stakeholders who have believed in us from the beginning,” said Damon Deru, CEO. “I’d also like to thank our users and beta testers who have provided invaluable feedback and direction on the program. Lastly, I’d like to thank the employees of Nine Mile Software who have put in a lot of hard work and long hours to make this happen.”
Ryan Sullivan, CTO of Nine Mile commented, “TradeWarrior has been developed, refined, and used successfully by advisors and back-office traders to quickly rebalance client accounts in a rules-based manner,” Mr. Sullivan continued, “TradeWarrior’s low cost, intuitive user interface and stellar performance will help bring a new level of ROI to the rebalancing software market.”
Some of the Key Features of TradeWarrior include:
• Ability to run the program on your desktop or an Internet browser.
• Household (multi-account) based rebalancing.
• Easily manage client cash withholdings and distributions.
• Supports all major custodians, namely, Charles Schwab, Fidelity, TD Ameritrade and Pershing.
• Includes multiple Model types such as Security Specific, Asset Class, and Model of Model target allocations.
• Dynamic account filtering and grouping.
• Built-in “Errors and Alerts” system warns of potential problems.
• Software rebalances thousands of accounts in minutes.
Nine Mile Software, Inc., a financial services software company, was founded by former investment advisors and provides a practical real world approach to solving the rebalancing and trading needs that advisors face. TradeWarrior Small Business is the first commercially released software from Nine Mile Software. More information on the Company and its products and the investment opportunity they present can be found on its website at www.ninemilesoftware.com.
About QualityStocks:
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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A Registered Investment Advisor is defined as an advisor, registered with the Securities and Exchange Commission, who manages the investments of others. Typically, an RIA with more than $25 million under management must register with the SEC. RIAs managing less than $25 million are registered at the state level.
Damon Deru, CEO of Nine Mile Software, Inc. stated, “We are excited to release TradeWarrior into the market today. This culminates over two and a half years of commercial development on the software. TradeWarrior offers a new level of functionality and affordability for advisors.” He further stated, “I’d like to personally thank all the stakeholders who have believed in us from the beginning,” said Damon Deru, CEO. “I’d also like to thank our users and beta testers who have provided invaluable feedback and direction on the program. Lastly, I’d like to thank the employees of Nine Mile Software who have put in a lot of hard work and long hours to make this happen.”
Ryan Sullivan, CTO of Nine Mile commented, “TradeWarrior has been developed, refined, and used successfully by advisors and back-office traders to quickly rebalance client accounts in a rules-based manner,” Mr. Sullivan continued, “TradeWarrior’s low cost, intuitive user interface and stellar performance will help bring a new level of ROI to the rebalancing software market.”
Some of the Key Features of TradeWarrior include:
• Ability to run the program on your desktop or an Internet browser.
• Household (multi-account) based rebalancing.
• Easily manage client cash withholdings and distributions.
• Supports all major custodians, namely, Charles Schwab, Fidelity, TD Ameritrade and Pershing.
• Includes multiple Model types such as Security Specific, Asset Class, and Model of Model target allocations.
• Dynamic account filtering and grouping.
• Built-in “Errors and Alerts” system warns of potential problems.
• Software rebalances thousands of accounts in minutes.
Nine Mile Software, Inc., a financial services software company, was founded by former investment advisors and provides a practical real world approach to solving the rebalancing and trading needs that advisors face. TradeWarrior Small Business is the first commercially released software from Nine Mile Software. More information on the Company and its products and the investment opportunity they present can be found on its website at www.ninemilesoftware.com.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
New Leaf Brands, Inc. (NLEF.OB) Reports Success with Lemonades; Doubles Production to Meet Demand
New Leaf Brands, Inc. announced earlier this week that they have ramped up production of their lemonades to meet continuously increasing demand. New Leaf Brands is a provider of great tasting, all natural, healthy beverages that include 12 unique tea flavors sweetened with 100% organic cane sugar, 4 lemonades made with 6%-10% real fruit juice and sweetened with 100% organic cane sugar and 2 diet iced teas sweetened with Splenda™. Their line of lemonades was introduced a few months ago and has been selling rapidly. In fact, last month it was the number one New Leaf beverage distributed by Manhattan Beer in the New York City metro area.
Manhattan Beer, the largest beverage distributor in the New York City metropolitan area, has been working with New Leaf since 2008 with extraordinary success. In April, the beverage distribution giant launched an aggressive campaign to more than double the previous distribution of New Leaf beverages. Beverages were re-shelved with proprietary merchandising displays at the ideal consumer eye level and stocked with New Leaf’s trademark green color glide rack at new and existing accounts. This campaign also included the first runs of the New Leaf Brand Lemonades.
Bill DeLuca, Senior Vice President of Sales and Marketing for Manhattan Beer, commented, “Our New Leaf marketing campaign has been a tremendous success and demand for New Leaf continues to grow. The summer heat is driving demand even greater, especially for the Homemade Lemonade flavor which has been our top selling New Leaf flavor beverage in June and July to date. We believe our campaign has helped make New Leaf ‘The Official Beverage of Taste’ for New Yorkers.”
Eric Skae, New Leaf President and CEO, stated, “We have received overwhelming acceptance of our new lemonade flavors. Not surprisingly, we quickly sold out of our first two production runs and have doubled our third production run to meet this growing demand. We will continue working closely with Bill and his team at Manhattan Beer, which has played a huge part in this success, as we expand our previously announced marketing campaign in the New York Metro area. Our overall case sales continue to gain momentum in our key markets and we expect this growth to continue.”
New Leaf has been taking the “Ready to Drink” industry by storm. Early in the year, New Leaf was found in approximately 8,000 locations including restaurants, delis, health food stores, pizzerias and other retail establishments. Distribution has increased by more than 50% as their products are now in over 12,000 locations in the United States and several locations internationally. Last week saw the announcement of an extended agreement with Whole Food Stores® to put New Leaf products into an additional 42 stores in its Southern Pacific division. Whole Foods Market is the world’s largest retailer of natural and organic foods with more than 270 stores throughout North America and the United Kingdom. The agreement placed New Leaf beverages in Southern California, Arizona, Nevada and Hawaii locations while the initial agreement made New Leaf available in Whole Foods’ Mid-Atlantic, Northeast, and Rocky Mountain Division stores.
More information on New Leaf Brands, their beverages and the investment opportunity that they present is available at the Company’s website at www.newleafbrands.com.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
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Manhattan Beer, the largest beverage distributor in the New York City metropolitan area, has been working with New Leaf since 2008 with extraordinary success. In April, the beverage distribution giant launched an aggressive campaign to more than double the previous distribution of New Leaf beverages. Beverages were re-shelved with proprietary merchandising displays at the ideal consumer eye level and stocked with New Leaf’s trademark green color glide rack at new and existing accounts. This campaign also included the first runs of the New Leaf Brand Lemonades.
Bill DeLuca, Senior Vice President of Sales and Marketing for Manhattan Beer, commented, “Our New Leaf marketing campaign has been a tremendous success and demand for New Leaf continues to grow. The summer heat is driving demand even greater, especially for the Homemade Lemonade flavor which has been our top selling New Leaf flavor beverage in June and July to date. We believe our campaign has helped make New Leaf ‘The Official Beverage of Taste’ for New Yorkers.”
Eric Skae, New Leaf President and CEO, stated, “We have received overwhelming acceptance of our new lemonade flavors. Not surprisingly, we quickly sold out of our first two production runs and have doubled our third production run to meet this growing demand. We will continue working closely with Bill and his team at Manhattan Beer, which has played a huge part in this success, as we expand our previously announced marketing campaign in the New York Metro area. Our overall case sales continue to gain momentum in our key markets and we expect this growth to continue.”
New Leaf has been taking the “Ready to Drink” industry by storm. Early in the year, New Leaf was found in approximately 8,000 locations including restaurants, delis, health food stores, pizzerias and other retail establishments. Distribution has increased by more than 50% as their products are now in over 12,000 locations in the United States and several locations internationally. Last week saw the announcement of an extended agreement with Whole Food Stores® to put New Leaf products into an additional 42 stores in its Southern Pacific division. Whole Foods Market is the world’s largest retailer of natural and organic foods with more than 270 stores throughout North America and the United Kingdom. The agreement placed New Leaf beverages in Southern California, Arizona, Nevada and Hawaii locations while the initial agreement made New Leaf available in Whole Foods’ Mid-Atlantic, Northeast, and Rocky Mountain Division stores.
More information on New Leaf Brands, their beverages and the investment opportunity that they present is available at the Company’s website at www.newleafbrands.com.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Wednesday, July 28, 2010
Rongfu Aquaculture, Inc.’s (RNFU.OB) New Hangzhou Sales Center Hugely Successful
Rongfu Aquaculture, Inc., the Fushan, Guangdong Province-headquartered freshwater aquaculture company which cultivates mostly Tilapia and Snakehead types of fish and operates 13 adult fish breeding farms as one of the PRC’s best freshwater fish sellers/dealers, today announced its newly established sales center in Zhejiang Province, which has shown remarkably fast revenue growth and solid profitability to date.
Chairman of RNFU, Mr. Chen Zhisheng, commented on the excellent revenue growth in just two months, which shows more than $600k in sales since its opening in May – a result which was precisely what the Company’s strategy predicted for opening a northern sales center in Hangzhou. The new sales center occupies space in what is the biggest wholesale fish market in China.
The strategy has not only created a massive additional revenue stream, but the very presence of the sales center (and the act of doing business in this populous and heavily trafficked market) helps to seed the brand identity amongst consumers and industry operators alike.
Chairman Chen detailed the strategic position thus constituted as allowing streamlined penetration into other markets, and the specific selection of Snakehead – due to circumspect analysis of local trends – as leading to the conclusion that the species is a very desirable fish with high demand in and around the Hangzhou region, where it is typically a top seller.
Wuhan, Hubei Province, and the Wansha wholesale market near Guangzhou, Guangdong Province, are the next logical proposed targets, due to both regional growth and demand factors, and RNFU plans to open new sales centers there once the Company has achieved full satisfaction as to the operations in Hangzhou.
The Company farms fish in both man-made ponds, using oxygenation/aeration systems, and in fresh filtered local waters, as well as artificial lakes on land leased from villages, concentrating the majority of its adult Snakehead operations in Guangdong. A fry (juvenile fish) farm in Wenchang, Hainan Province takes advantage of a more suitable climate for the breeding of Tilapia.
Rongfu is currently the largest seller of Tilapia fry in the PRC, and is one of the top three sellers of adult Tilapia, with roughly 74% of 2009 revenue deriving from the sale of adult fish and 12.3% from frys, including 13.7% from farmer-purchased adult fish which was then re-sold into the market via the Company’s venues.
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Chairman of RNFU, Mr. Chen Zhisheng, commented on the excellent revenue growth in just two months, which shows more than $600k in sales since its opening in May – a result which was precisely what the Company’s strategy predicted for opening a northern sales center in Hangzhou. The new sales center occupies space in what is the biggest wholesale fish market in China.
The strategy has not only created a massive additional revenue stream, but the very presence of the sales center (and the act of doing business in this populous and heavily trafficked market) helps to seed the brand identity amongst consumers and industry operators alike.
Chairman Chen detailed the strategic position thus constituted as allowing streamlined penetration into other markets, and the specific selection of Snakehead – due to circumspect analysis of local trends – as leading to the conclusion that the species is a very desirable fish with high demand in and around the Hangzhou region, where it is typically a top seller.
Wuhan, Hubei Province, and the Wansha wholesale market near Guangzhou, Guangdong Province, are the next logical proposed targets, due to both regional growth and demand factors, and RNFU plans to open new sales centers there once the Company has achieved full satisfaction as to the operations in Hangzhou.
The Company farms fish in both man-made ponds, using oxygenation/aeration systems, and in fresh filtered local waters, as well as artificial lakes on land leased from villages, concentrating the majority of its adult Snakehead operations in Guangdong. A fry (juvenile fish) farm in Wenchang, Hainan Province takes advantage of a more suitable climate for the breeding of Tilapia.
Rongfu is currently the largest seller of Tilapia fry in the PRC, and is one of the top three sellers of adult Tilapia, with roughly 74% of 2009 revenue deriving from the sale of adult fish and 12.3% from frys, including 13.7% from farmer-purchased adult fish which was then re-sold into the market via the Company’s venues.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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UV Flu Technologies, Inc. (UVFT.OB) Launches Marketing Initiative, Generates Additional Orders
UV Flu Technologies, Inc., www.uvflutech.com – the biotech provider initially targeting indoor air quality with its high-intensity germicidal (99.2% on first-pass for airborne bacteria) system, the VIRATECH UV-400, announced an order for additional units of the VIRATECH from distributor Puravair to be installed in the Seagate Hotel & Spa, a premier beachfront getaway in Florida.
General Manager of the Seagate, William J. Sander, pointed to the exemplary reputation of the Seagate – located in the charming resort town of Delray Beach – as a boutique hotel where a tropical atmosphere, beautiful beaches, and a full suite of spa, fitness, resort activity and dining features combine to represent the pinnacle of luxury and leisure.
Sander went on to cite the Seagate’s reputation for providing its guests with the best, and noted in particular the health-consciousness of guests (which the Seagate caters to by making the entire property smoke-free) and the vast effort invested in securing LEEDS (Leadership in Energy and Environmental Design; the paradigm in rating building sustainability) certification.
Sander also noted that the Seagate is the 4th property in North America approved for the use of Amala organic products (top-shelf/trendy all-organic high-potency distillate-based skincare) in its spa.
The profile of the Seagate demands no less than the finest in preventative measures against airborne illnesses, and Sander selected the UV-400 specifically for all spa, business, workout, Presidential/Spa suites and elements of UVFT’s new ABC ROOMS program (guest rooms and public rooms treated for Allergens, Bacteria and Contaminants), knowing that this added perk provides a significantly attractive advantage to customers in this competitive sector.
President of UVFT, Jack Lennon, noted the timing of this order for additional units as coinciding with the roll-out of a major marketing cycle directed at the Hotel, Resorts and Casino sector, and explained that “this follow on order is based on full evaluations with actual customers, and the result is a decisive agreement to expand the initiative”.
Lennon further emphasized that the UV-400 air purifier option will be proudly advertised via the hotel website, and also offered during actual booking, citing the availability of an on-demand, FDA-listed medical device-quality airborne bacteria-killing unit as a feature which proves to consumers how serious the hotel is about air quality.
The Company has prepared a special presentation for its target market as part of its hospitality-specific sales efforts to address the difficult business environment created for hotels and casinos in the last few years by offering a practical and innovative way to gain market share and incremental bottom-line growth.
Lennon projected first year ROI would please Seagate’s management and customers alike, pointing out that healthy guests spend more, gamble more and are increasingly motivated to return to the establishment.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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General Manager of the Seagate, William J. Sander, pointed to the exemplary reputation of the Seagate – located in the charming resort town of Delray Beach – as a boutique hotel where a tropical atmosphere, beautiful beaches, and a full suite of spa, fitness, resort activity and dining features combine to represent the pinnacle of luxury and leisure.
Sander went on to cite the Seagate’s reputation for providing its guests with the best, and noted in particular the health-consciousness of guests (which the Seagate caters to by making the entire property smoke-free) and the vast effort invested in securing LEEDS (Leadership in Energy and Environmental Design; the paradigm in rating building sustainability) certification.
Sander also noted that the Seagate is the 4th property in North America approved for the use of Amala organic products (top-shelf/trendy all-organic high-potency distillate-based skincare) in its spa.
The profile of the Seagate demands no less than the finest in preventative measures against airborne illnesses, and Sander selected the UV-400 specifically for all spa, business, workout, Presidential/Spa suites and elements of UVFT’s new ABC ROOMS program (guest rooms and public rooms treated for Allergens, Bacteria and Contaminants), knowing that this added perk provides a significantly attractive advantage to customers in this competitive sector.
President of UVFT, Jack Lennon, noted the timing of this order for additional units as coinciding with the roll-out of a major marketing cycle directed at the Hotel, Resorts and Casino sector, and explained that “this follow on order is based on full evaluations with actual customers, and the result is a decisive agreement to expand the initiative”.
Lennon further emphasized that the UV-400 air purifier option will be proudly advertised via the hotel website, and also offered during actual booking, citing the availability of an on-demand, FDA-listed medical device-quality airborne bacteria-killing unit as a feature which proves to consumers how serious the hotel is about air quality.
The Company has prepared a special presentation for its target market as part of its hospitality-specific sales efforts to address the difficult business environment created for hotels and casinos in the last few years by offering a practical and innovative way to gain market share and incremental bottom-line growth.
Lennon projected first year ROI would please Seagate’s management and customers alike, pointing out that healthy guests spend more, gamble more and are increasingly motivated to return to the establishment.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
acific Blue Energy Corp. (PBEC.OB) Launches Permit Process for 150MW Solar Farm
Pacific Blue Energy Corp., developer of renewable energy projects, is preparing for the permitting process for its recently acquired 100 acres in Gila Bend, Ariz., which it will use to develop its municipally approved 150MW solar farm. The purchase of the land is expected to be finalized in the near future.
The company said the town’s solar overlay policy and solid support from town officials and staff have enabled the company to schedule completion of the first phase of the solar farm between two and four months vs. the typical two-year time frame.
“Our recent meeting with the town mayor and manager demonstrated their commitment to fast tracking this project,” Joel Franklin, CEO of PBEC stated in the press release. “We are excited about making the first phase of our Gila Bend solar farm a reality.”
PBEC is conducting an American Land Title Association study on the Gila Bend land to determines property lines, locate of improvements, and identify all easements, utilities and other conditions affecting the property. The company expects the ALTA study to be completed by Friday, July 30, 2010.
PBEC has also initiated a phase 1 Environmental Site Assessment to identify the presence or risk of hazardous substances; this study is slated for completion in the first week of August.
Gila Bend Mayor Ron Henry said the solar farm will generate attention for Gila Bend, and will highlight the city’s solar friendly advantages.
“We are confident that PBEC’s solar project will continue to put the spotlight on Gila Bend as a place to develop renewable energy projects,” Mayor Henry stated. “We have identified the solar industry as a top priority in our economic development initiatives. Our land availability, affordability, rapid land entitlement process, and our unique geographic proximity to multi-modal transportation make Gila Bend the prime location for the solar industry.”
For more information visit http://www.pacificblueenergycorp.com
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The company said the town’s solar overlay policy and solid support from town officials and staff have enabled the company to schedule completion of the first phase of the solar farm between two and four months vs. the typical two-year time frame.
“Our recent meeting with the town mayor and manager demonstrated their commitment to fast tracking this project,” Joel Franklin, CEO of PBEC stated in the press release. “We are excited about making the first phase of our Gila Bend solar farm a reality.”
PBEC is conducting an American Land Title Association study on the Gila Bend land to determines property lines, locate of improvements, and identify all easements, utilities and other conditions affecting the property. The company expects the ALTA study to be completed by Friday, July 30, 2010.
PBEC has also initiated a phase 1 Environmental Site Assessment to identify the presence or risk of hazardous substances; this study is slated for completion in the first week of August.
Gila Bend Mayor Ron Henry said the solar farm will generate attention for Gila Bend, and will highlight the city’s solar friendly advantages.
“We are confident that PBEC’s solar project will continue to put the spotlight on Gila Bend as a place to develop renewable energy projects,” Mayor Henry stated. “We have identified the solar industry as a top priority in our economic development initiatives. Our land availability, affordability, rapid land entitlement process, and our unique geographic proximity to multi-modal transportation make Gila Bend the prime location for the solar industry.”
For more information visit http://www.pacificblueenergycorp.com
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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FieldPoint Petroleum Corp. (FPP) Issues Operational Update
FieldPoint Petroleum Corp. recently issued an operational update on the company’s partnership agreement with Cimarex Energy Co. (NYSE: XEC) to jointly develop certain oil and gas properties.
FieldPoint Petroleum Corporation and Cimarex Energy Co. are drilling two wells that are targeting the Bone Spring formation. The wells are located in Lea County, New Mexico, in the East Lusk Federal field.
FieldPoint Petroleum Corporation said that the first well in the partnership would be spud in the fall of 2010. The company has a working interest of 43.75% in the well, and Cimarex Energy Co. has a 37.5% working interest, with the balance of the well owned by various third parties.
FieldPoint Petroleum Corporation said that the well would be drilled horizontally, which would increase production and reserves associated with the well. The company did not disclose the lateral length or the number or hydraulic fracturing stages that would be used.
The management of FieldPoint Petroleum Corporation expressed optimism on current conditions in the industry. “Favorable market conditions have continued through the second quarter and we are very pleased with our performance year to date. As a result of this, and our strong balance sheets, we are able to go forward with an aggressive growth program,” said Ray Reaves, the CEO of FieldPoint Petroleum Corporation,
FieldPoint Petroleum Corporation is an energy company with oil and gas properties in the United States. The company has interests in 82.5 net wells in seven fields spread across three states.
For more information on the company, go to www.fppcorp.com
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FieldPoint Petroleum Corporation and Cimarex Energy Co. are drilling two wells that are targeting the Bone Spring formation. The wells are located in Lea County, New Mexico, in the East Lusk Federal field.
FieldPoint Petroleum Corporation said that the first well in the partnership would be spud in the fall of 2010. The company has a working interest of 43.75% in the well, and Cimarex Energy Co. has a 37.5% working interest, with the balance of the well owned by various third parties.
FieldPoint Petroleum Corporation said that the well would be drilled horizontally, which would increase production and reserves associated with the well. The company did not disclose the lateral length or the number or hydraulic fracturing stages that would be used.
The management of FieldPoint Petroleum Corporation expressed optimism on current conditions in the industry. “Favorable market conditions have continued through the second quarter and we are very pleased with our performance year to date. As a result of this, and our strong balance sheets, we are able to go forward with an aggressive growth program,” said Ray Reaves, the CEO of FieldPoint Petroleum Corporation,
FieldPoint Petroleum Corporation is an energy company with oil and gas properties in the United States. The company has interests in 82.5 net wells in seven fields spread across three states.
For more information on the company, go to www.fppcorp.com
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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Barrett Business Services, Inc. (BBSI) Reports Profit for Second Quarter of 2010
Barrett Business Services, Inc. reported a strong profit in the second quarter of 2010, along with a large increase in sales.
Barrett Business Services, Inc. reported that net sales in the second quarter of 2010 were $67.4 million, an 18% increase compared to net sales of $57.3 million in the corresponding quarter in 2009.
Barrett Business Services, Inc. reported net income of $2.3 million, or $0.22 per diluted share, in the second quarter of 2010. The company lost $6.7 million, or $0.65 per diluted share, in the same quarter of 2009.
The company said that the results from 2009 included an $11.8 million expense increase due to an alteration in how the company calculated reserves on its balance sheet for workers compensation coverage.
Barrett Business Services, Inc. issued guidance for the upcoming quarter, and expects earnings for the third quarter of 2010 to be in a range from $0.33 to $0.36 per diluted share. This would be a large increase from the $0.28 per diluted share reported in the same quarter of 2009.
Barrett Business Services, Inc. kept its balance sheet secure during the quarter, and reported no long or short-term debt at 6/30/2010. The company reported cash, cash equivalents and marketable securities of $51.3 million, which was approximately flat with the second quarter of 2009.
For more information on the company, go to www.barrettbusiness.com
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Barrett Business Services, Inc. reported that net sales in the second quarter of 2010 were $67.4 million, an 18% increase compared to net sales of $57.3 million in the corresponding quarter in 2009.
Barrett Business Services, Inc. reported net income of $2.3 million, or $0.22 per diluted share, in the second quarter of 2010. The company lost $6.7 million, or $0.65 per diluted share, in the same quarter of 2009.
The company said that the results from 2009 included an $11.8 million expense increase due to an alteration in how the company calculated reserves on its balance sheet for workers compensation coverage.
Barrett Business Services, Inc. issued guidance for the upcoming quarter, and expects earnings for the third quarter of 2010 to be in a range from $0.33 to $0.36 per diluted share. This would be a large increase from the $0.28 per diluted share reported in the same quarter of 2009.
Barrett Business Services, Inc. kept its balance sheet secure during the quarter, and reported no long or short-term debt at 6/30/2010. The company reported cash, cash equivalents and marketable securities of $51.3 million, which was approximately flat with the second quarter of 2009.
For more information on the company, go to www.barrettbusiness.com
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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eDoorways Corp. (EDWY.PK) Strengthens Role of PowerChannels
eDoorways Corp., a fast growing online combination of social network and vendor marketplace, anticipates a strong second half of 2010, based largely on increasing demand for PowerChannels.
eDoorways PowerChannels are essentially highly focused, collaborative social networks that are formed to accomplish a specific communication objective that can be business-oriented, recreational, or purely personal. It complements the overall goal of eDoorways, to provide focused communities where members with similar interests can communicate, while drawing upon the resources of vendors and independent experts. This gives vendors a unique environment for honest two-way communication with the marketplace, growing their standing in the community far more effectively than by simple advertising.
The first half of the year has seen continued expansion of website functionality, including the deployment of PowerChannels as a major opportunity for growth and revenue. Software is continually being enhanced to process subscription revenue as well as payments made for Powerkey notification, in addition to the processing of ecommerce transactions.
PowerChannels also represent a mechanism to encourage viral expansion, as word spreads about specific communities. An example is CorkSport, a web-based Mazda high-performance parts and service business that is in the process of bringing thousands of its clients into its own PowerChannel. As a result, PowerChannels are now an integral part of eDoorways’ business plan and sales rollout strategy, and demand is growing.
Other areas of activity include the company’s largest client, ISTEC (Ibero-American Science, Technology and Education Consortium), which is in the first stage of migrating its many members to the eDoorways platform. ISTEC enjoys a strong working alliance with two international organizations, both of which have global conferences later this year that eDoorways will attend.
eDoorways CEO, Gary Kimmons, spoke of upcoming events. “We have three major events for which we are planning. First, we have the COMCYT-OAS meeting in Washington, DC starting September 9th. Then, the World Engineering Education Forum (WEEF) will be held in Singapore beginning October 17th. Then, on November 29th, the ISTEC General Assembly will be held in Porto Alegre, Brazil. These are all key events that we intend to leverage to increase membership and participation in the eDoorways platform.”
For more information on eDoorways, see the company’s websites at www.eDoorways.com and www.eDoorwaysCorp.com.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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eDoorways PowerChannels are essentially highly focused, collaborative social networks that are formed to accomplish a specific communication objective that can be business-oriented, recreational, or purely personal. It complements the overall goal of eDoorways, to provide focused communities where members with similar interests can communicate, while drawing upon the resources of vendors and independent experts. This gives vendors a unique environment for honest two-way communication with the marketplace, growing their standing in the community far more effectively than by simple advertising.
The first half of the year has seen continued expansion of website functionality, including the deployment of PowerChannels as a major opportunity for growth and revenue. Software is continually being enhanced to process subscription revenue as well as payments made for Powerkey notification, in addition to the processing of ecommerce transactions.
PowerChannels also represent a mechanism to encourage viral expansion, as word spreads about specific communities. An example is CorkSport, a web-based Mazda high-performance parts and service business that is in the process of bringing thousands of its clients into its own PowerChannel. As a result, PowerChannels are now an integral part of eDoorways’ business plan and sales rollout strategy, and demand is growing.
Other areas of activity include the company’s largest client, ISTEC (Ibero-American Science, Technology and Education Consortium), which is in the first stage of migrating its many members to the eDoorways platform. ISTEC enjoys a strong working alliance with two international organizations, both of which have global conferences later this year that eDoorways will attend.
eDoorways CEO, Gary Kimmons, spoke of upcoming events. “We have three major events for which we are planning. First, we have the COMCYT-OAS meeting in Washington, DC starting September 9th. Then, the World Engineering Education Forum (WEEF) will be held in Singapore beginning October 17th. Then, on November 29th, the ISTEC General Assembly will be held in Porto Alegre, Brazil. These are all key events that we intend to leverage to increase membership and participation in the eDoorways platform.”
For more information on eDoorways, see the company’s websites at www.eDoorways.com and www.eDoorwaysCorp.com.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Infrax Systems, Inc. (IFXY.OB) Video Chart for Wednesday, July 28, 2010
By request, we took a look at the IFXY chart. A strong move yesterday is going along with lower indicators giving hints that a bottom was reached and the new uptrend may continue. The video gives our thoughts on support and resistance levels as well as our complete chart interpretation.
Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=450
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=450
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Simulated Environment Concepts, Inc. (SMEV.PK) Announces Anticipated European Sales Increase as French Distributor Exceeds Expectations
Simulated Environment Concepts, makers of the high pressurized dry water massage and relaxation station SpaCapsule, today told investors that its French distributor may outpace estimated distribution schedules for the 250+ capsule production and distribution deal inked at the close of 2009.
“We are preparing our third shipment of SpaCapsules to Zen & O,” stated Dr. Ella Frenkel, Chairman and CEO of Simulated Environment Concepts, Inc (SE Concepts). “This is a strong indication of the SpaCapsule’s success in France, not only as a highly seductive relaxation vehicle, but as a well regarded tool to aid in weight loss and cellulite reduction.”
Zen & O, which wanted to test the waters first, seems to already be taking a swim. The French distributor’s roll out schedule for 2010 initially consisted of only 25 of the 250+ units, but at the current pace will double the distribution estimate. This pace would put sales estimates well over 100 machines in 2011.
Stephan Tournier, President of Zen & O, commented, “We are very happy with the opportunity to work with SE Concepts by distributing the SpaCapsule in France. We have generated a significant amount of interest in just six months, and we’re just getting started.”
“We have successfully begun to install the SpaCapsule within the Lady Fitness Franchise in Paris, Lyon, and Luxembourg,” Mr. Tournier continued. “Weight loss and cellulite reduction is big business here. Within our health and fitness circles, the SpaCapsule is seen as a post workout apparatus that both relaxes and calms the mind and body while continuing to effectuate weight loss and tackle undesired cellulite. Response from our clientele, and particularly women, has been overwhelmingly positive.”
Tournier concluded, “We have also been successful at placing the SpaCapsule in many of the prominent malls around France and intend to increase our scope of distribution after attending one of the year’s largest pan-European cosmetic shows in October.”
At the current pace, SE Concepts could realize the total value of its multi-million dollar agreement with Zen & O up to a year earlier than expected — potentially increasing yearly cash flows from this contract significantly. The company also believes that a similar situation could play out with their new UAE distributor, I. SEPTA Co., LTD.
Dr. Ilya Spivak, Marketing Director at SE Concepts, said, “We’re planning on pulling out all the stops. We will diligently strive to not only accommodate the increase in production capacity at our Miami factory but to achieve greater financial benefit in the process. We are hiring new assembly personal, increasing our inventory levels and making considerations toward additional means to produce an even higher quality product, faster and at lower cost. Ultimately, we will be able to expedite the shipping of new orders which will assist us in securing the current market penetration we’re enjoying abroad.”
SE Concepts has maintained a steady sales pace while focusing on fortifying its business model. With approximately 60 orders in the pipeline, and less than a third of those belonging to Zen & O, SE Concepts anticipates possibly exceeding its 2010 milestone while looking forward to a very prosperous 2011.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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“We are preparing our third shipment of SpaCapsules to Zen & O,” stated Dr. Ella Frenkel, Chairman and CEO of Simulated Environment Concepts, Inc (SE Concepts). “This is a strong indication of the SpaCapsule’s success in France, not only as a highly seductive relaxation vehicle, but as a well regarded tool to aid in weight loss and cellulite reduction.”
Zen & O, which wanted to test the waters first, seems to already be taking a swim. The French distributor’s roll out schedule for 2010 initially consisted of only 25 of the 250+ units, but at the current pace will double the distribution estimate. This pace would put sales estimates well over 100 machines in 2011.
Stephan Tournier, President of Zen & O, commented, “We are very happy with the opportunity to work with SE Concepts by distributing the SpaCapsule in France. We have generated a significant amount of interest in just six months, and we’re just getting started.”
“We have successfully begun to install the SpaCapsule within the Lady Fitness Franchise in Paris, Lyon, and Luxembourg,” Mr. Tournier continued. “Weight loss and cellulite reduction is big business here. Within our health and fitness circles, the SpaCapsule is seen as a post workout apparatus that both relaxes and calms the mind and body while continuing to effectuate weight loss and tackle undesired cellulite. Response from our clientele, and particularly women, has been overwhelmingly positive.”
Tournier concluded, “We have also been successful at placing the SpaCapsule in many of the prominent malls around France and intend to increase our scope of distribution after attending one of the year’s largest pan-European cosmetic shows in October.”
At the current pace, SE Concepts could realize the total value of its multi-million dollar agreement with Zen & O up to a year earlier than expected — potentially increasing yearly cash flows from this contract significantly. The company also believes that a similar situation could play out with their new UAE distributor, I. SEPTA Co., LTD.
Dr. Ilya Spivak, Marketing Director at SE Concepts, said, “We’re planning on pulling out all the stops. We will diligently strive to not only accommodate the increase in production capacity at our Miami factory but to achieve greater financial benefit in the process. We are hiring new assembly personal, increasing our inventory levels and making considerations toward additional means to produce an even higher quality product, faster and at lower cost. Ultimately, we will be able to expedite the shipping of new orders which will assist us in securing the current market penetration we’re enjoying abroad.”
SE Concepts has maintained a steady sales pace while focusing on fortifying its business model. With approximately 60 orders in the pipeline, and less than a third of those belonging to Zen & O, SE Concepts anticipates possibly exceeding its 2010 milestone while looking forward to a very prosperous 2011.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Laredo Oil, Inc. (LRDC.OB) Announces Agreement with Institutional Investor
Yesterday, Laredo Oil, Inc. announced that they entered into an agreement on July 26, 2010 with an institutional investor. This agreement is for the private placement of 1,000,000 shares of their common stock and warrants to purchase 750,000 shares of their common stock for an aggregate purchase price of $500,000, or $0.50 per share. Laredo Oil closed the transaction on July 27, 2010. The Company plans to use the net proceeds of the transaction for general corporate purposes. Sutter Securities Incorporated is acting as the exclusive placement agent in the transaction.
The warrants are immediately exercisable following issuance. They have a term of exercise of five years and an exercise price of $0.50 per share. The shares of common stock offered in the private placement and the shares issuable upon exercise of the warrants have piggy-back registration rights. This is if Laredo Oil, Inc. elects to file a registration statement in the future, subject to customary underwriter cut-backs.
Mark See, Chairman and CEO of Laredo Oil, Inc., said, “This financing is the next milestone in our overall strategy and is indicative of institutional interest in our Underground Gravity Drainage™ business model.”
The Underground Gravity Drainage™ (UGD™) business method consists of using customary tunneling practices to go underneath mature oil fields that meet the Company’s specific criteria. From an underground chamber below the reservoir, inexpensive holes undergo drilling into the oil formation. From these the production of stranded reserves takes place.
Laredo Oil, Inc. is an exploration and production company specializing in Enhanced Oil Recovery techniques targeting mature and declining oil fields. The Company plans to acquire targeted oil fields and use their unique UGD™ model to recover stranded oil reserves profitably. Laredo Oil, Inc. has their headquarters in Scottsdale, Arizona.
For more information visit: www.laredo-oil.com
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
The warrants are immediately exercisable following issuance. They have a term of exercise of five years and an exercise price of $0.50 per share. The shares of common stock offered in the private placement and the shares issuable upon exercise of the warrants have piggy-back registration rights. This is if Laredo Oil, Inc. elects to file a registration statement in the future, subject to customary underwriter cut-backs.
Mark See, Chairman and CEO of Laredo Oil, Inc., said, “This financing is the next milestone in our overall strategy and is indicative of institutional interest in our Underground Gravity Drainage™ business model.”
The Underground Gravity Drainage™ (UGD™) business method consists of using customary tunneling practices to go underneath mature oil fields that meet the Company’s specific criteria. From an underground chamber below the reservoir, inexpensive holes undergo drilling into the oil formation. From these the production of stranded reserves takes place.
Laredo Oil, Inc. is an exploration and production company specializing in Enhanced Oil Recovery techniques targeting mature and declining oil fields. The Company plans to acquire targeted oil fields and use their unique UGD™ model to recover stranded oil reserves profitably. Laredo Oil, Inc. has their headquarters in Scottsdale, Arizona.
For more information visit: www.laredo-oil.com
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
The Future Of Air Travel
On September 11th, with the intentional crashing of four commercial jet airliners and the subsequent air traffic shutdown, air travel was permanently altered, never to be viewed in the same way by the travelling public, never to be dealt with in the same way by government or industry. It was the opening door to the most chaotic and financially stressful decade in the long history of commercial air travel, ending a period of record profits and growth for airlines.
The terrorist strike brought with it a wave of changes intended to secure commercial skies, but changes which, to the flying public, began to make modern air travel more of a problem than a solution. The financial pressures of imposed regulations, together with an increasingly disenchanted customer base, were soon joined by oil price spikes and bird flu scares. And then came the spreading financial meltdown, prompting dramatic travel reductions by companies all over the world. The perfect storm was too much for some players. Airline bankruptcies and mergers increased, with four bankruptcy filings in April of 2008 alone, a record for the industry.
Today, in spite of an overall industrial outlook that remains dismal, airlines have some hope for improved numbers. While travelers rile over increased fees for almost everything, they are still flying. And airline capacity has not grown during this time, meaning that the supply of seats is about the same or less. The lack of physical growth within the industry, coupled with continued demand and higher charges, suggests a real potential for profit, something not seen in a long time.
While all of this has been going on, there’s been another battle for the skies that will ultimately have its own effect on the future of air travel, one taking place between the two remaining giants of commercial air travel, Airbus and Boeing. Long before the above events, Airbus and Boeing were mapping out strategies for dealing with rising fuel costs, environmental and noise concerns, and growing public demand for cheaper and more efficient transportation. As far back as 1988, Airbus engineers began planning for what would become the world’s biggest commercial aircraft, the A380, capable of holding up to 853 people in some configurations. The idea was that, if a big airplane could fly people cheaply, an even bigger airplane could fly more people even more cheaply. The first A380 was delivered to Singapore Airlines in 2007, with the airline later claiming that the airplane was indeed burning 20% less fuel per passenger than the airline’s existing 747-400 fleet, and with half the cabin noise.
Boeing approached the challenge from a different angle, resulting in the 787 “Dreamliner”, now anticipating delivery in early 2011. Like Airbus, Boeing targeted fuel efficiency and noise, but in a smaller and less expensive package. Boeing says the 787 is 60% quieter, and uses 20% less fuel, but is also smaller and more flexible, with fewer restrictions. Boeing has already gotten over 800 orders for the plane, the fastest selling commercial jet in history, with the first delivery planned for Japan’s All Nippon Airways.
Both Airbus and Boeing make many other aircraft, which, together with the A380 and 787, all target slightly different markets. But these two aircraft give an idea of what airlines will have going for them in the near future – greater fuel efficiency and less noise. And it’s the fuel efficiency component that airlines hope will most help the bottom line. Below are some of the less conspicuous publicly traded airline related stocks.
• AirTran Holdings (NYSE: AAI)
• ACE Aviation Holdings (PINKSHEETS: ACEAF)
• Great Lakes Aviation (OTCBB: GLUX)
• JetBlue Airways (NASDAQ: JBLU)
• Pinnacle Airlines (NASDAQ: PNCL)
• Republic Airways Holdings (NASDAQ: RJET)
• Ryanair Holdings (NASDAQ: RYAAY)
• SkyWest (NASDAQ: SKYW)
But there’s another side to commercial air travel, a rapidly growing niche market catering to those that can afford it. It’s the world of aviation charter, perhaps best represented by the premier aviation charter broker VizStar (OTCBB: VIZS), the brainchild of a group of opportunistic investors who realized there was a vast and unmet market for luxury, hassle-free private travel at reduced costs on an as-needed basis. It’s for people who have no intention of putting up with crowded terminals, baggage check-in, delayed flights, or cramped seating. With VizStar, efficient and appealing air travel for executives makes economic sense to corporations trying to reduce the costs of maintaining their own aircraft.
Imagine scheduling a flight only a few hours before you want to fly someplace, business or pleasure, regardless of where you want to go. A chauffeured limo picks you up, at work or at home, and drops you off right by your own plane, any size plane, along with whoever you’re taking along. No baggage check-in, no lines, no delays. You leave whenever you want, on a luxury plane with plenty of room to stretch, and endless amenities to enjoy. You arrive non-stop, totally refreshed, where a limo takes you to your final destination. You’re already looking forward to the flight back.
You don’t have to own the plane, and neither does your company. It’s all chartered. It’s the epitome of luxury travel, and yet, in the world of chartered air travel, it’s amazingly affordable, with clients saving 20%-30% over traditional air charter companies. There are no monthly fees, no up-front commitments, no membership costs at all. And it’s available 24/7/365.
For a growing number of companies and fortunate people, the VizStar model is the real future of air travel.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
The terrorist strike brought with it a wave of changes intended to secure commercial skies, but changes which, to the flying public, began to make modern air travel more of a problem than a solution. The financial pressures of imposed regulations, together with an increasingly disenchanted customer base, were soon joined by oil price spikes and bird flu scares. And then came the spreading financial meltdown, prompting dramatic travel reductions by companies all over the world. The perfect storm was too much for some players. Airline bankruptcies and mergers increased, with four bankruptcy filings in April of 2008 alone, a record for the industry.
Today, in spite of an overall industrial outlook that remains dismal, airlines have some hope for improved numbers. While travelers rile over increased fees for almost everything, they are still flying. And airline capacity has not grown during this time, meaning that the supply of seats is about the same or less. The lack of physical growth within the industry, coupled with continued demand and higher charges, suggests a real potential for profit, something not seen in a long time.
While all of this has been going on, there’s been another battle for the skies that will ultimately have its own effect on the future of air travel, one taking place between the two remaining giants of commercial air travel, Airbus and Boeing. Long before the above events, Airbus and Boeing were mapping out strategies for dealing with rising fuel costs, environmental and noise concerns, and growing public demand for cheaper and more efficient transportation. As far back as 1988, Airbus engineers began planning for what would become the world’s biggest commercial aircraft, the A380, capable of holding up to 853 people in some configurations. The idea was that, if a big airplane could fly people cheaply, an even bigger airplane could fly more people even more cheaply. The first A380 was delivered to Singapore Airlines in 2007, with the airline later claiming that the airplane was indeed burning 20% less fuel per passenger than the airline’s existing 747-400 fleet, and with half the cabin noise.
Boeing approached the challenge from a different angle, resulting in the 787 “Dreamliner”, now anticipating delivery in early 2011. Like Airbus, Boeing targeted fuel efficiency and noise, but in a smaller and less expensive package. Boeing says the 787 is 60% quieter, and uses 20% less fuel, but is also smaller and more flexible, with fewer restrictions. Boeing has already gotten over 800 orders for the plane, the fastest selling commercial jet in history, with the first delivery planned for Japan’s All Nippon Airways.
Both Airbus and Boeing make many other aircraft, which, together with the A380 and 787, all target slightly different markets. But these two aircraft give an idea of what airlines will have going for them in the near future – greater fuel efficiency and less noise. And it’s the fuel efficiency component that airlines hope will most help the bottom line. Below are some of the less conspicuous publicly traded airline related stocks.
• AirTran Holdings (NYSE: AAI)
• ACE Aviation Holdings (PINKSHEETS: ACEAF)
• Great Lakes Aviation (OTCBB: GLUX)
• JetBlue Airways (NASDAQ: JBLU)
• Pinnacle Airlines (NASDAQ: PNCL)
• Republic Airways Holdings (NASDAQ: RJET)
• Ryanair Holdings (NASDAQ: RYAAY)
• SkyWest (NASDAQ: SKYW)
But there’s another side to commercial air travel, a rapidly growing niche market catering to those that can afford it. It’s the world of aviation charter, perhaps best represented by the premier aviation charter broker VizStar (OTCBB: VIZS), the brainchild of a group of opportunistic investors who realized there was a vast and unmet market for luxury, hassle-free private travel at reduced costs on an as-needed basis. It’s for people who have no intention of putting up with crowded terminals, baggage check-in, delayed flights, or cramped seating. With VizStar, efficient and appealing air travel for executives makes economic sense to corporations trying to reduce the costs of maintaining their own aircraft.
Imagine scheduling a flight only a few hours before you want to fly someplace, business or pleasure, regardless of where you want to go. A chauffeured limo picks you up, at work or at home, and drops you off right by your own plane, any size plane, along with whoever you’re taking along. No baggage check-in, no lines, no delays. You leave whenever you want, on a luxury plane with plenty of room to stretch, and endless amenities to enjoy. You arrive non-stop, totally refreshed, where a limo takes you to your final destination. You’re already looking forward to the flight back.
You don’t have to own the plane, and neither does your company. It’s all chartered. It’s the epitome of luxury travel, and yet, in the world of chartered air travel, it’s amazingly affordable, with clients saving 20%-30% over traditional air charter companies. There are no monthly fees, no up-front commitments, no membership costs at all. And it’s available 24/7/365.
For a growing number of companies and fortunate people, the VizStar model is the real future of air travel.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
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