China Gerui Advanced Materials Group Ltd. reported a strong year over year increase in net income and sales in the second quarter of 2010 ending 6/30/2010. The company reported net income of $12.1 million in the second quarter of 2010, compared to net income of $11.4 million in the corresponding period in 2009. This represented a six percent increase in net income.
China Gerui Advanced Materials Group reported a sixteen percent increase in sales. The company reported sales of $64.0 million in the second quarter of 2010, compared to $55.4 million in the same quarter of 2009. The management of China Gerui Advanced Materials Group Limited attributed the increase in sales to higher volumes of products sold rather than pricing.
Management was also optimistic about the future results of the company despite the possibility of a double dip in the economy.
“We continue to see strong demand for our products and as our new production lines focused on higher priced, higher margin products commence production later this year, we expect to achieve sustained increases in sales, margins, and earnings performance,” said Mingwang Lu, the CEO of China Gerui Advanced Materials Group Limited.
For more information on the company, go to www.geruigroup.com
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Tuesday, August 31, 2010
S&W Seed Company (SANW) Reports Sales Increase During Fiscal 2010
S&W Seed Company reported net income of $0.38 million, or $0.11 per diluted share, for fiscal 2010. The company reported net income of $0.37 million, or $0.13 per diluted share, in fiscal 2009.
S&W Seed Company reported a sharp increase in sales on a year over basis. The company reported $6.7 million in sales in fiscal 2010, compared to $4.9 million in fiscal 2009.
S&W Seed Company recently became a public company through an initial public offering of stock. The company sold one million units at a price of $11.00 per unit, with each unit consisting of two shares of stock and two warrants.
S&W Seed Company signed an agreement during fiscal 2010 with Pure Circle, which is a large producer of stevia sweeteners. The contract calls for Pure Circle to purchase a minimum of 2.2 million pounds of stevia leaf from the S&W Seed Company over the first two years.
S&W Seed Company also has a solid balance sheet to help carry the company through the uncertain economy. The company reported $7.8 million in cash as of 6/30/2010, with no debt.
For more information on the company, go to www.swseedco.com
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S&W Seed Company reported a sharp increase in sales on a year over basis. The company reported $6.7 million in sales in fiscal 2010, compared to $4.9 million in fiscal 2009.
S&W Seed Company recently became a public company through an initial public offering of stock. The company sold one million units at a price of $11.00 per unit, with each unit consisting of two shares of stock and two warrants.
S&W Seed Company signed an agreement during fiscal 2010 with Pure Circle, which is a large producer of stevia sweeteners. The contract calls for Pure Circle to purchase a minimum of 2.2 million pounds of stevia leaf from the S&W Seed Company over the first two years.
S&W Seed Company also has a solid balance sheet to help carry the company through the uncertain economy. The company reported $7.8 million in cash as of 6/30/2010, with no debt.
For more information on the company, go to www.swseedco.com
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Delek Group Ltd. (DGRLY.PK) Posts First Half and Q3 2010 Financial Results
Delek Group Ltd. today reported its financial results for the three- and six-month period ended June 30, 2010.
Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009.
For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas.
Operating profit in the second quarter of 2010 totaled NIS 676 million, an increase of 32 percent compared to NIS 513 million reported in the second quarter of 2009.
Delek’s operating profit for the first six months of 2010 totaled NIS 1.1 billion, an 18 percent increase compared to NIS 940 million in the same period in 2009.
The company reported net income in the second quarter at NIS 64 million, compared with NIS 233 million reported in the comparable quarter of 2009. Net income for the first six months was NIS 269 million, compared with the NIS 380 million in the comparable six months of 2009. The company attributes the reduction to an increase in financial expenses at some of its subsidiary companies.
Group total assets as of June 30, 2010, amounted to NIS 86.2 billion, compared with NIS 84.3 billion as of December 31, 2009.
Asaf Bartfeld, CEO of Delek, said the company is pleased with its results for 2010 thus far, and that it will execute a strategic business deal in the fourth quarter that will boost its operations.
“We are happy with our performance so far in 2010. All our businesses are performing well and we are seeing a solid improvement in the results of Delek Europe, which contributed significantly to our profitability in the first half of this year. In the fourth quarter we will complete the purchase of BP’s retail fuel and convenience store business in France, a strategic deal for us which will significantly expand our activities in Europe. Furthermore, in our upstream sector, we are excited about the initial exploration drilling that we will commence in the coming months at the Leviathan prospect off the coast of Israel. We remain highly focused on investing in our oil and gas exploration activities, which has been highly successful to date and has tremendous potential for the Group,” Bartfeld stated in the press release.
For more information visit www.delek-group.com
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Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009.
For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas.
Operating profit in the second quarter of 2010 totaled NIS 676 million, an increase of 32 percent compared to NIS 513 million reported in the second quarter of 2009.
Delek’s operating profit for the first six months of 2010 totaled NIS 1.1 billion, an 18 percent increase compared to NIS 940 million in the same period in 2009.
The company reported net income in the second quarter at NIS 64 million, compared with NIS 233 million reported in the comparable quarter of 2009. Net income for the first six months was NIS 269 million, compared with the NIS 380 million in the comparable six months of 2009. The company attributes the reduction to an increase in financial expenses at some of its subsidiary companies.
Group total assets as of June 30, 2010, amounted to NIS 86.2 billion, compared with NIS 84.3 billion as of December 31, 2009.
Asaf Bartfeld, CEO of Delek, said the company is pleased with its results for 2010 thus far, and that it will execute a strategic business deal in the fourth quarter that will boost its operations.
“We are happy with our performance so far in 2010. All our businesses are performing well and we are seeing a solid improvement in the results of Delek Europe, which contributed significantly to our profitability in the first half of this year. In the fourth quarter we will complete the purchase of BP’s retail fuel and convenience store business in France, a strategic deal for us which will significantly expand our activities in Europe. Furthermore, in our upstream sector, we are excited about the initial exploration drilling that we will commence in the coming months at the Leviathan prospect off the coast of Israel. We remain highly focused on investing in our oil and gas exploration activities, which has been highly successful to date and has tremendous potential for the Group,” Bartfeld stated in the press release.
For more information visit www.delek-group.com
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India’s Economy Grows at Record Pace
While the global economy has suffered many setbacks in the last two years, the economy of India is starting to grow at a record pace. While stuck in economic doldrums this same time last year, Asia’s third largest economy has witnessed an 8.8 percent growth in the June quarter.
While there are many factors which have helped this number soar, economists have looked at the farming and manufacturing output as the leaders in this positive news. While not known for their strong farming output, India has evolved into a force in the global farming industry.
In recent times India has been caught in what experts coin the “Great Recession”. In this recession, India, like many other countries, suffered economically on all fronts. Prior to the “Great Recession”, India experienced a growth rate of nearly 9 percent. With these past numbers as indicators of the economy, today’s numbers represent a great deal of hope for the country and the global economy as a whole.
In a bid to tame inflation, the Reserve Bank of India has raised key interest rates four times in the past year with the hopes of taming high inflation. While these attempts have been valid, economists claim these hikes have yet to filer out to the real economy.
In analyzing the numbers we see that quarterly manufacturing output surged 12.4 percent coupled with record auto sales in July. With this news, economists say consumer demand remains narrow and the shadow of global economic uncertainty is constraining capital spending and could have an adverse affect on credit growth and industrial production.
One renowned leader among economists is Shubhado Rao. When asked his thoughts on this report, Mr. Rao was quoted as saying, “Global uncertainty has taken a toll. The most important factor is not interest rates or availability of funds. It’s got to do with confidence. Every two months, you’re seeing a spate of bad news. Industrialists with big investment plans would “rather wait and watch” in that environment.”
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While there are many factors which have helped this number soar, economists have looked at the farming and manufacturing output as the leaders in this positive news. While not known for their strong farming output, India has evolved into a force in the global farming industry.
In recent times India has been caught in what experts coin the “Great Recession”. In this recession, India, like many other countries, suffered economically on all fronts. Prior to the “Great Recession”, India experienced a growth rate of nearly 9 percent. With these past numbers as indicators of the economy, today’s numbers represent a great deal of hope for the country and the global economy as a whole.
In a bid to tame inflation, the Reserve Bank of India has raised key interest rates four times in the past year with the hopes of taming high inflation. While these attempts have been valid, economists claim these hikes have yet to filer out to the real economy.
In analyzing the numbers we see that quarterly manufacturing output surged 12.4 percent coupled with record auto sales in July. With this news, economists say consumer demand remains narrow and the shadow of global economic uncertainty is constraining capital spending and could have an adverse affect on credit growth and industrial production.
One renowned leader among economists is Shubhado Rao. When asked his thoughts on this report, Mr. Rao was quoted as saying, “Global uncertainty has taken a toll. The most important factor is not interest rates or availability of funds. It’s got to do with confidence. Every two months, you’re seeing a spate of bad news. Industrialists with big investment plans would “rather wait and watch” in that environment.”
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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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Constitution Mining Corp. (CMIN.OB) is “One to Watch”
In the all too painful investment environment that has defined the last couple years, it’s no surprise that investors have increasingly looked toward gold, the traditional hard-times hedge. Since 2005, the price of gold has skyrocketed and gold mining stocks have attracted worldwide attention. The advantage of early-stage gold mining stocks is that they represent a train that has still not left the station. Gold is expensive, but shares of many gold exploration companies can still be purchased cheaply because they’re still in the early development stage. When and if a company strikes success, the huge difference between original share price and the market demand for gold immediately comes into play. It’s one of the biggest risk-reward plays in town.
But grabbing onto just any gold mining stock is a one-way ticket to nowhere. While others are investing in anything that shines, you need to look for a company with a superior exploration and development strategy. Constitution Mining Corp. (OTCBB: CMIN) has one of the most clearly defined approaches in the industry. It’s based on a real-world understanding and acceptance of the risks involved in gold exploration.
• First and foremost, the company believes that accepting such risks only makes sense when the potential payoff is big. As a result, they’ve made it a part of their core strategy to devote resources only where there is real and visible potential for an elephant-sized reward. Small deposits of gold can be found all over the world, but only certain districts offer the possibility of multi-million-ounce finds.
• In addition, they only go where there are few if any unreasonable political risks, even for big projects. In other words, they target areas where gold exploration is respected and encouraged, states and nations that are mining-friendly. This means places where taxes and sovereign royalties are reasonable, and where the regime for mineral rights is well-established and stable.
• Finally, they have assembled a management team with very specific big-mine experience, and they work with industry partners that share their go-big philosophy.
True to their word, Constitution Mining’s current projects are in some of the richest and yet most stable locations anywhere: 178 square miles of Gold Sands in northeastern Peru, and 2,141 claims in Nevada, largely in the prolific Walker Lane gold belt. The Nevada base alone could represent 308,000 ounces of gold (nearby Round Mountain has produced more than 10 million ounces of gold). Try multiplying those numbers by the current price per ounce of gold, and you’ll get an idea why Constitution Mining’s “think big” approach is worth serious consideration.
For additional information, visit the company website at www.ConstitutionMining.com.
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But grabbing onto just any gold mining stock is a one-way ticket to nowhere. While others are investing in anything that shines, you need to look for a company with a superior exploration and development strategy. Constitution Mining Corp. (OTCBB: CMIN) has one of the most clearly defined approaches in the industry. It’s based on a real-world understanding and acceptance of the risks involved in gold exploration.
• First and foremost, the company believes that accepting such risks only makes sense when the potential payoff is big. As a result, they’ve made it a part of their core strategy to devote resources only where there is real and visible potential for an elephant-sized reward. Small deposits of gold can be found all over the world, but only certain districts offer the possibility of multi-million-ounce finds.
• In addition, they only go where there are few if any unreasonable political risks, even for big projects. In other words, they target areas where gold exploration is respected and encouraged, states and nations that are mining-friendly. This means places where taxes and sovereign royalties are reasonable, and where the regime for mineral rights is well-established and stable.
• Finally, they have assembled a management team with very specific big-mine experience, and they work with industry partners that share their go-big philosophy.
True to their word, Constitution Mining’s current projects are in some of the richest and yet most stable locations anywhere: 178 square miles of Gold Sands in northeastern Peru, and 2,141 claims in Nevada, largely in the prolific Walker Lane gold belt. The Nevada base alone could represent 308,000 ounces of gold (nearby Round Mountain has produced more than 10 million ounces of gold). Try multiplying those numbers by the current price per ounce of gold, and you’ll get an idea why Constitution Mining’s “think big” approach is worth serious consideration.
For additional information, visit the company website at www.ConstitutionMining.com.
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Emisphere Technologies (EMIS.OB) is “One to Watch”
One of the hottest areas in medicine today is drug delivery. Even the most beneficial drugs in the world are of little value if they cannot be successfully introduced when and where they are needed. Any company that comes up with a more effective technology in support of this stands to realize almost unlimited revenue potential in as much as it can be applied to multiple drug applications, opening the door to continued profitable growth. The road to final acceptance, of course, can be long and hard, requiring extensive up-front investment to develop and finally release a new delivery candidate.
Emisphere Technologies (OTCBB: EMIS) is a New Jersey based biopharmaceutical company that has already taken those critical first steps. It has come up with a new technology for drug delivery, and is now developing the novel products based on it to move into the marketplace. The company has a broad-based proprietary drug delivery platform called the Eligen® Technology, which improves the body’s ability to absorb select molecules. The approach provides a demonstrated safe method of transporting targeted molecules to where they are needed, while in no way affecting their biological benefit. Many of these molecules are currently injected, which can limit their beneficial effect due to poor bioavailability, slow onset of action, or inconsistent absorption. The Eligen Technology overcomes these problems, while offering a variety of delivery pathways.
The net result of the new approach is the enhancement of overall healthcare, including patient accessibility and compliance, while also benefitting the commercial pharmaceutical marketplace. One of Emisphere’s core business strategies is to use this proprietary technology to develop new oral forms of injectable drugs or poorly absorbed compounds. The broadly applicable Eligen Technology, together with Emisphere’s current product candidates in the pipeline, represent the foundation of its value proposition and a significant opportunity for growth. Emisphere’s pipeline includes product candidates that have reached clinical development, plus a variety of preclinical research and development programs.
Emisphere is carrying out these programs independently, as well as in collaboration with pharmaceutical and biotechnology companies. Promising marquee products in the pipeline include an improved formulation of oral Vitamin B12, oral calcitonin for osteoarthritis and osteoporosis (in Phase III development with Novartis), and oral GLP-1 and GLP-1 analogs for Type 2 diabetes. They are individual products representing the tip of what could be a very large iceberg, and a good reason for taking a close look at Emisphere Technologies.
For additional information, visit the company website at www.Emisphere.com.
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Emisphere Technologies (OTCBB: EMIS) is a New Jersey based biopharmaceutical company that has already taken those critical first steps. It has come up with a new technology for drug delivery, and is now developing the novel products based on it to move into the marketplace. The company has a broad-based proprietary drug delivery platform called the Eligen® Technology, which improves the body’s ability to absorb select molecules. The approach provides a demonstrated safe method of transporting targeted molecules to where they are needed, while in no way affecting their biological benefit. Many of these molecules are currently injected, which can limit their beneficial effect due to poor bioavailability, slow onset of action, or inconsistent absorption. The Eligen Technology overcomes these problems, while offering a variety of delivery pathways.
The net result of the new approach is the enhancement of overall healthcare, including patient accessibility and compliance, while also benefitting the commercial pharmaceutical marketplace. One of Emisphere’s core business strategies is to use this proprietary technology to develop new oral forms of injectable drugs or poorly absorbed compounds. The broadly applicable Eligen Technology, together with Emisphere’s current product candidates in the pipeline, represent the foundation of its value proposition and a significant opportunity for growth. Emisphere’s pipeline includes product candidates that have reached clinical development, plus a variety of preclinical research and development programs.
Emisphere is carrying out these programs independently, as well as in collaboration with pharmaceutical and biotechnology companies. Promising marquee products in the pipeline include an improved formulation of oral Vitamin B12, oral calcitonin for osteoarthritis and osteoporosis (in Phase III development with Novartis), and oral GLP-1 and GLP-1 analogs for Type 2 diabetes. They are individual products representing the tip of what could be a very large iceberg, and a good reason for taking a close look at Emisphere Technologies.
For additional information, visit the company website at www.Emisphere.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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Simulated Environment Concepts, Inc. (SMEV.PK) SpaCapsule Continues To Appeal To Worldwide Market
Simulated Environment Concepts Inc., developers of SpaCapsule®, the multi-functional standalone dry water massage and relaxation system now used in spas and clinics around the world, wisely decided early on not to limit themselves to the U.S. Their high-end massage and sensory stimulation offering was better suited for a worldwide market, tapping into a much wider range of lifestyles. When the company signed a manufacturing deal with French company Zen & O to produce 250 SpaCapsules, it was a testament to the personal wellness industry thriving in Europe. France went on to become one of SE Concept’s best markets.
An even better example is the company’s recent inking of a multi-million dollar international production deal with UAE distribution company I. SEPTA Co., Ltd. The agreement calls for the manufacture of at least 150 SpaCapsules for use throughout the Middle East. The special appeal of SpaCapsule in the Middle East is due to the unique social rules and restrictions that tend to govern even the most personal aspects of daily life in the region. Dr. Ilya Spivak, Marketing Director and co-founder of SEC, said it best: “The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning our company for continuous expansion, viability and use.”
The arrangement covers production and distribution over a period of four years, with an average of 38 SpaCapsules to be ordered every year. In addition, there is also the possibility that the agreement could be accelerated, with fulfillment in as little as two years.
SEC Chairman and CEO, Dr. Ella Frenkel, commented, “This manufacture and distribution agreement continues to expand our reach into the Middle East. It is a true compliment to our previous arrangements with Jordan and Egypt and will likely increase acceptance and sales throughout the region.”
For more information, see the company websites at www.spacapsule.com and www.SECCorporation.com.
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An even better example is the company’s recent inking of a multi-million dollar international production deal with UAE distribution company I. SEPTA Co., Ltd. The agreement calls for the manufacture of at least 150 SpaCapsules for use throughout the Middle East. The special appeal of SpaCapsule in the Middle East is due to the unique social rules and restrictions that tend to govern even the most personal aspects of daily life in the region. Dr. Ilya Spivak, Marketing Director and co-founder of SEC, said it best: “The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning our company for continuous expansion, viability and use.”
The arrangement covers production and distribution over a period of four years, with an average of 38 SpaCapsules to be ordered every year. In addition, there is also the possibility that the agreement could be accelerated, with fulfillment in as little as two years.
SEC Chairman and CEO, Dr. Ella Frenkel, commented, “This manufacture and distribution agreement continues to expand our reach into the Middle East. It is a true compliment to our previous arrangements with Jordan and Egypt and will likely increase acceptance and sales throughout the region.”
For more information, see the company websites at www.spacapsule.com and www.SECCorporation.com.
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Far East Energy Corp. (FEEC.OB) CEO to Present at US-China Oil & Gas Industry Forum
Far East Energy Corp. is focused on exploring some of the largest coalbed methane (CBM) projects in China through its agreements with ConocoPhillips and China United Coalbed Methane Company. Coalbed methane is a form of natural gas that is extracted from coal beds.
Far East Energy announced today that Michael R. McElwrath, president and CEO of the company, will be a featured speaker at the US-China Oil &Gas Industry Forum to be held at the Omni Hotel in Fort Worth, Texas on September 14-16, 2010. Mr. McElwrath and/or company chairman, Donald Juckett, have attended the forum annually since its inception in 2004.
The annual event is held in either the United States or China. It contributes to gas policy development in China and provides a platform for commercial policy dialogue. High-level government officials from the US Department of Energy, US Department of Commerce and China’s National Development and Reform Commission and National Energy Administration will be in attendance. Also attending are representatives from both the US and Chinese oil and gas industries.
In addition to keynote speakers, there is an open discussion format designed to encourage dialogue on energy policy and related commercial issues. Mr. McElwrath spoke of the importance of the annual event, “It provides an excellent opportunity to not only influence Chinese energy policy, but also to discuss commercial issues of concern to both countries.”
For further information about Far East Energy, please visit the company’s website at www.fareastenergy.com.
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Far East Energy announced today that Michael R. McElwrath, president and CEO of the company, will be a featured speaker at the US-China Oil &Gas Industry Forum to be held at the Omni Hotel in Fort Worth, Texas on September 14-16, 2010. Mr. McElwrath and/or company chairman, Donald Juckett, have attended the forum annually since its inception in 2004.
The annual event is held in either the United States or China. It contributes to gas policy development in China and provides a platform for commercial policy dialogue. High-level government officials from the US Department of Energy, US Department of Commerce and China’s National Development and Reform Commission and National Energy Administration will be in attendance. Also attending are representatives from both the US and Chinese oil and gas industries.
In addition to keynote speakers, there is an open discussion format designed to encourage dialogue on energy policy and related commercial issues. Mr. McElwrath spoke of the importance of the annual event, “It provides an excellent opportunity to not only influence Chinese energy policy, but also to discuss commercial issues of concern to both countries.”
For further information about Far East Energy, please visit the company’s website at www.fareastenergy.com.
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Electro Rent Corp. (ELRC) Featured by TinyGems
For more than three decades, Electro Rent Corp. has focused the efforts of every department to supply quick answers and rapidly fill orders. As one of the world’s oldest and the largest rent/lease providers of test and measurement equipment, the company has established relationships with major industry manufacturers that go back decades. Because Electro Rent’s annual purchases are often larger than the competition, top-name manufacturers give the company priority and information competitors simply cannot attain.
Today, Electro Rent leads the international rent/lease industry through its flexible financial programs, administrative services, and knowledgeable sales/technical staff. It offers its test and measurement equipment to Fortune 500 companies operating in aerospace and defense, semiconductor, electronics, and telecommunications industries. Across North America, Europe, and now Asia, corporations of every size rely on the company for smarter solutions to acquire the tools needed.
In recent news, the company was recognized as one of Forbes’ “100 Most Trustworthy Companies” for the second year in a row. The annual survey, created for Forbes by independent financial analytics firm Audit Integrity, recognizes companies for consistently demonstrating “transparent and conservative accounting practices and solid corporate governance and management.” Daniel Greenberg, Chairman and CEO of Electro Rent stated that the company was honored by the recognition.
Holding $270 million in assets with only $40 million in total liabilities, the company has enough cash and equivalents on hand to completely pay off all debts and have $20 million left over. Electro Rent also shines with an annual dividend yield of over 4% with insiders holding nearly a third of the shares outstanding. Currently one analyst covers the stock with a “Strong Buy” rating and $18 price target.
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Today, Electro Rent leads the international rent/lease industry through its flexible financial programs, administrative services, and knowledgeable sales/technical staff. It offers its test and measurement equipment to Fortune 500 companies operating in aerospace and defense, semiconductor, electronics, and telecommunications industries. Across North America, Europe, and now Asia, corporations of every size rely on the company for smarter solutions to acquire the tools needed.
In recent news, the company was recognized as one of Forbes’ “100 Most Trustworthy Companies” for the second year in a row. The annual survey, created for Forbes by independent financial analytics firm Audit Integrity, recognizes companies for consistently demonstrating “transparent and conservative accounting practices and solid corporate governance and management.” Daniel Greenberg, Chairman and CEO of Electro Rent stated that the company was honored by the recognition.
Holding $270 million in assets with only $40 million in total liabilities, the company has enough cash and equivalents on hand to completely pay off all debts and have $20 million left over. Electro Rent also shines with an annual dividend yield of over 4% with insiders holding nearly a third of the shares outstanding. Currently one analyst covers the stock with a “Strong Buy” rating and $18 price target.
If you would like sign up for the TinyGems Monthly Newsletter and discover new, undiscovered small-cap companies, visit www.tinygems.net.
About QualityStocks:
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Niusule Biotech Corp. (NIUS.OB) Inks Distribution Deal with China Nepstar for Gummy Bear Product
Niusule Biotech Corp. is a rapidly emerging China-based bio-pharmaceutical company focusing on animal-health products and human nutraceutical supplements. The company’s human product line has a retail distribution network of 226 outlets throughout China, including supermarkets and shopping malls.
The company today announced a distribution agreement with China Nepstar Chain Drugstore Ltd., China’s largest retail drugstore chain based on the number of directly operated stores. The agreement took effect August 25 and calls for the distribution of Niusule’s nutrition supplement product Gummy Bear in Nepstar’s 55 stores in Hangzhou. In the future, Niusule said it expects to extend sales through Nepstar’s extensive network to Shanghai, Ninbo, Tianjing and Suzhou.
Amy Hu, CEO of Niusule, praised Nepstar’s industry experience and professionalism, and said the company will complement Niusule’s expansion efforts.
“We are honored that Nepstar has chosen our Gummy Bear products to expand its fine selection of nutrition supplement products nationally,” Hu stated in the press release. “Their professional sales team and reputation for outstanding customer service in the drugstore industry, coupled with their years of extensive business and trade experience will be a valuable asset for the growth and the promotion of the Gummy Bear. The domestic nutrition product market for children is extremely large and we believe that the cooperation with Nepstar will be a tremendous asset as we continue to expand our footprint in the industry.”
For more information visit www.niusule.com
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The company today announced a distribution agreement with China Nepstar Chain Drugstore Ltd., China’s largest retail drugstore chain based on the number of directly operated stores. The agreement took effect August 25 and calls for the distribution of Niusule’s nutrition supplement product Gummy Bear in Nepstar’s 55 stores in Hangzhou. In the future, Niusule said it expects to extend sales through Nepstar’s extensive network to Shanghai, Ninbo, Tianjing and Suzhou.
Amy Hu, CEO of Niusule, praised Nepstar’s industry experience and professionalism, and said the company will complement Niusule’s expansion efforts.
“We are honored that Nepstar has chosen our Gummy Bear products to expand its fine selection of nutrition supplement products nationally,” Hu stated in the press release. “Their professional sales team and reputation for outstanding customer service in the drugstore industry, coupled with their years of extensive business and trade experience will be a valuable asset for the growth and the promotion of the Gummy Bear. The domestic nutrition product market for children is extremely large and we believe that the cooperation with Nepstar will be a tremendous asset as we continue to expand our footprint in the industry.”
For more information visit www.niusule.com
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Endeavour International Corporation (END) Sells Off One North Sea Asset for $110M, Applies Cash to Remaining Developments
Endeavour International, www.endeavourcorp.com – the independent oil and gas exploration firm focusing on the North Sea and the US, announced the signing today of a definitive agreement with Bayergas Norge AS subsidiary, Bayergas UK Ltd., effectively selling the Company’s Cygnus asset in the North Sea’s Southern Gas Basin for reported $110 M cash.
Unburdened by any current tax payable, the cash proceeds will be directed towards the development of END’s Bacchus and Rochelle projects in the North Sea, as well as the onshore Haynesville shale project in the US.
With closing projected in the next 60 days, pending approval by the Boards of both companies and subject to few government and joint venture partner approvals, END can look forward to being fully capitalized as development proceeds elsewhere.
Chairman and CEO of END, William L. Transier, commented on the strong cash position the deal puts the Company in, projecting near-term production and cash flow growth as natural results, and thanked strategic advisors Jefferies International Limited and Lambert Energy Advisory Ltd. for helping to negotiate the agreement.
Transier noted how the already-successful US initiative has increased overall daily output by END to 6k BOPD (roughly 50% from the US), calling this transaction the perfect step towards consolidating North Sea operations for similar output increases. Near-term profitability for END appears to be attainable, as the previously mentioned Haynesville play of Louisiana just saw the third high-volume output well successfully completed in the Woodardville Field (22.6M cubic feet/day on a 24/46 choke at roughly 8k lbs of pressure).
Substantial development potential for North Sea operations should flesh out the earnings nicely, and with plenty of cash to throw around after this deal, END should prove its earnings potential to investors very soon.
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Unburdened by any current tax payable, the cash proceeds will be directed towards the development of END’s Bacchus and Rochelle projects in the North Sea, as well as the onshore Haynesville shale project in the US.
With closing projected in the next 60 days, pending approval by the Boards of both companies and subject to few government and joint venture partner approvals, END can look forward to being fully capitalized as development proceeds elsewhere.
Chairman and CEO of END, William L. Transier, commented on the strong cash position the deal puts the Company in, projecting near-term production and cash flow growth as natural results, and thanked strategic advisors Jefferies International Limited and Lambert Energy Advisory Ltd. for helping to negotiate the agreement.
Transier noted how the already-successful US initiative has increased overall daily output by END to 6k BOPD (roughly 50% from the US), calling this transaction the perfect step towards consolidating North Sea operations for similar output increases. Near-term profitability for END appears to be attainable, as the previously mentioned Haynesville play of Louisiana just saw the third high-volume output well successfully completed in the Woodardville Field (22.6M cubic feet/day on a 24/46 choke at roughly 8k lbs of pressure).
Substantial development potential for North Sea operations should flesh out the earnings nicely, and with plenty of cash to throw around after this deal, END should prove its earnings potential to investors very soon.
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UFood Restaurant Group, Inc. (UFFC.OB) Expands via New Agreement with Robinson Hill Hospitality Group
UFood, www.ufoodgrill.com, has modeled its success around a very simple philosophy of providing great-tasting/healthy food fast. Today the Company announced the signing of an area development agreement with Robinson Hill Hospitality Group (RHHG) of Chicago which will result in tacking on several new UFood Grill locations at five major US airports.
President of the decade-old airport food franchise operating company, RHHG’s Dee Robinson, welcomed the expansion and cited the incredible success of the recently opened Cleveland/Hopkins Airport UFood Grill by RHHG as instrumental to continued cooperation.
Chairman and CEO of UFFC, George Naddaff, named Robinson personally in welcoming this franchisee into further expansion by the Company, noting the surging popularity of the UFood Grill menu among travelers as a delicious and nutritious alternative to competitors.
The UFood Grill menu consists of food made with a back-to-basics approach emphasizing great taste and quality ingredients, from whole grains and choice meats to fresh organic produce, light cheeses and dressings – all items baked, steamed, or grilled and containing zero trans fats.
By designing a menu around eating profiles, UFFC managed to create a robust palette which accommodates all special dietary requirements from Vegetarian to Gluten-Free and Low Carb.
Naddaff cited colleges and hospitals as additional targets for UFood expansion, and quickly summarized other recent relevant activity:
• June – master license agreement with Hudson Group Retail LLC for 10 units in major US airports
• July – agreement with Congusto, L.P., Texas to develop 35 units, and the opening of the Cleveland/Hopkins Airport location
With a variety of traditional locations, as well as prominent sites at Boston Logan and Dallas-Fort Worth airports, UFood is rapidly becoming a well-known destination for health-conscious travelers seeking the best in tasty food on-the-go.
The growth strategy looks solid, and should prove a viable investment vehicle for shareholders in this Boston Market creator-run outfit that won ARN’s Best New Airport Concession for concept in 2009. UFood also continues to generate outstanding feedback from customers who enjoy the attractively-priced and healthy fare.
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President of the decade-old airport food franchise operating company, RHHG’s Dee Robinson, welcomed the expansion and cited the incredible success of the recently opened Cleveland/Hopkins Airport UFood Grill by RHHG as instrumental to continued cooperation.
Chairman and CEO of UFFC, George Naddaff, named Robinson personally in welcoming this franchisee into further expansion by the Company, noting the surging popularity of the UFood Grill menu among travelers as a delicious and nutritious alternative to competitors.
The UFood Grill menu consists of food made with a back-to-basics approach emphasizing great taste and quality ingredients, from whole grains and choice meats to fresh organic produce, light cheeses and dressings – all items baked, steamed, or grilled and containing zero trans fats.
By designing a menu around eating profiles, UFFC managed to create a robust palette which accommodates all special dietary requirements from Vegetarian to Gluten-Free and Low Carb.
Naddaff cited colleges and hospitals as additional targets for UFood expansion, and quickly summarized other recent relevant activity:
• June – master license agreement with Hudson Group Retail LLC for 10 units in major US airports
• July – agreement with Congusto, L.P., Texas to develop 35 units, and the opening of the Cleveland/Hopkins Airport location
With a variety of traditional locations, as well as prominent sites at Boston Logan and Dallas-Fort Worth airports, UFood is rapidly becoming a well-known destination for health-conscious travelers seeking the best in tasty food on-the-go.
The growth strategy looks solid, and should prove a viable investment vehicle for shareholders in this Boston Market creator-run outfit that won ARN’s Best New Airport Concession for concept in 2009. UFood also continues to generate outstanding feedback from customers who enjoy the attractively-priced and healthy fare.
About QualityStocks:
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Converted Organics Inc. (COIN) Video Chart for Tuesday, August 31, 2010
Yesterday, COIN tried to make a stronger move, but lost steam and closed with an upper shadow. Today, we will be watching again to see if the stock once again tries to make a move.
Please click the following link: http://www.qualitystocks.net/videocharts.php
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eDoorways Corp. (EDWY.PK) Announces Addition of Escue’s New Polo PowerChannel
Today before the opening bell it was announced that eDoorways and Escue Polo LLC are joining teams to launch the Escue Polo PowerChannel. Escue plans to use the new channel to augment its current website located at www.escue-polo.com.
“Escue is a leading force on the world polo scene,” commented Gary Kimmons, CEO of eDoorways. “Polo aficionados span the globe, and now they will be able to connect with one another in a world-class venue.”
Originating over two decades ago as a small family operation, Escue Polo has grown to several worldwide locations including Monaco, France, Tunisia, Dubai, Pakistan, and Hong Kong, to name a few. Starting with a dream to create an unparalleled polo team and provide the local community with all the different services associated with polo, Escue has grown to be one of the top polo teams in the world, winning the prestigious U.S Open in 1998 and competing as defending champions in the 2005 Argentine Open.
“Our vision and dedication to the sport of polo has led us to further expand our involvement in the sport by providing a unique and sophisticated line of clothing,” stated Shah Quraeshi, Escue Polo’s managing director. “Our apparel will not only complement any polo player’s fashion, but will also enhance the wardrobe of those who want to make a statement in the community… And now, with the Escue Polo PowerChannel, we have an opportunity to engage with our clients in a powerful new way,” Shah continued.
“Our love for this sport, along with our dedication to detail and our sense of style represent our devotion to the needs of our customers,” added Shah. “From inception to completion of the final product, it is our goal to provide polo apparel which exceeds our customer’s expectations and truly reflects this noble sport,” Shah concluded.
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“Escue is a leading force on the world polo scene,” commented Gary Kimmons, CEO of eDoorways. “Polo aficionados span the globe, and now they will be able to connect with one another in a world-class venue.”
Originating over two decades ago as a small family operation, Escue Polo has grown to several worldwide locations including Monaco, France, Tunisia, Dubai, Pakistan, and Hong Kong, to name a few. Starting with a dream to create an unparalleled polo team and provide the local community with all the different services associated with polo, Escue has grown to be one of the top polo teams in the world, winning the prestigious U.S Open in 1998 and competing as defending champions in the 2005 Argentine Open.
“Our vision and dedication to the sport of polo has led us to further expand our involvement in the sport by providing a unique and sophisticated line of clothing,” stated Shah Quraeshi, Escue Polo’s managing director. “Our apparel will not only complement any polo player’s fashion, but will also enhance the wardrobe of those who want to make a statement in the community… And now, with the Escue Polo PowerChannel, we have an opportunity to engage with our clients in a powerful new way,” Shah continued.
“Our love for this sport, along with our dedication to detail and our sense of style represent our devotion to the needs of our customers,” added Shah. “From inception to completion of the final product, it is our goal to provide polo apparel which exceeds our customer’s expectations and truly reflects this noble sport,” Shah concluded.
About QualityStocks:
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Yippy, Inc. (YIPI.OB) Begins Marketing Initiatives this Week
Yippy, Inc. yesterday reported the beginning of their marketing campaign. Yippy has entered into a contract with Salem Broadcasting to put banner ads across their internet properties. Total ads purchased were 2.5 million impressions.
In addition, they purchased 110 30-second ads “on air” with stations for their first two week campaign trails. These stations are KRLA-FM -Los Angeles, Glenn Beck Show; KFSH-FM – Los Angeles, The Fish; WFFI/WFFH – Nashville, The Fish; and KBIQ – Colorado Springs, The Fish.
Mr. Richard Granville, CEO, Yippy, Inc., said, “Each station will run 2 spots per day during optimum time slots, with the exception of Glenn Beck Show, which will run 3 spots per day initially for maximum exposure, then run 2 per show. Glenn Beck’s daily radio show is new to the Los Angeles area and is highly marketed, being that this area is the second most populous area in the country. This should give us a good idea how a national campaign will do and allow us to fully prepare for that event.”
Mr. Granville further added, “The company has also purchased a campaign on GlennBeck.com beginning 8/30/10 running through 9/12/2010 with Premiere Radio Networks, who represent Glenn Beck nationally for radio and web.”
Yippy, Inc. said they will delay their 10K report as the Company may as they report under the ‘33 Act. They may elect to move onto another exchange or register under the ‘34 Act in the next coming weeks. An annual report is forthcoming from Yippy, Inc.
The Company derived no significant revenues in 2010 fiscal year ending May 31, 2010. Total investment in Yippy, Inc. for the period was approximately 1.5 million dollars. The Company began recognizing revenue in July 2010 through their online properties.
Headquartered in Fort Myers, Florida, Yippy, Inc. is the provider of the world’s fastest, family friendly web browser and search engine. Formerly known as Cinnabar Ventures, Inc., Yippy, Inc., www.yippy.com, is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.
For more information visit the company’s website at www.yippy.com
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In addition, they purchased 110 30-second ads “on air” with stations for their first two week campaign trails. These stations are KRLA-FM -Los Angeles, Glenn Beck Show; KFSH-FM – Los Angeles, The Fish; WFFI/WFFH – Nashville, The Fish; and KBIQ – Colorado Springs, The Fish.
Mr. Richard Granville, CEO, Yippy, Inc., said, “Each station will run 2 spots per day during optimum time slots, with the exception of Glenn Beck Show, which will run 3 spots per day initially for maximum exposure, then run 2 per show. Glenn Beck’s daily radio show is new to the Los Angeles area and is highly marketed, being that this area is the second most populous area in the country. This should give us a good idea how a national campaign will do and allow us to fully prepare for that event.”
Mr. Granville further added, “The company has also purchased a campaign on GlennBeck.com beginning 8/30/10 running through 9/12/2010 with Premiere Radio Networks, who represent Glenn Beck nationally for radio and web.”
Yippy, Inc. said they will delay their 10K report as the Company may as they report under the ‘33 Act. They may elect to move onto another exchange or register under the ‘34 Act in the next coming weeks. An annual report is forthcoming from Yippy, Inc.
The Company derived no significant revenues in 2010 fiscal year ending May 31, 2010. Total investment in Yippy, Inc. for the period was approximately 1.5 million dollars. The Company began recognizing revenue in July 2010 through their online properties.
Headquartered in Fort Myers, Florida, Yippy, Inc. is the provider of the world’s fastest, family friendly web browser and search engine. Formerly known as Cinnabar Ventures, Inc., Yippy, Inc., www.yippy.com, is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.
For more information visit the company’s website at www.yippy.com
About QualityStocks:
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Vendum Batteries (VNDB.OB) Plans Expansion Due to Increased Demand
Vendum Batteries, a battery technology development company with a pending patent on a non-toxic, carbon-based light-weight battery, recently announced that the company is looking to expand its operations to coincide with an anticipated surge in business demand.
The company’s paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. Roughly 5 billion batteries are purchased in the U.S. alone, leaving 146,000 tons of battery waste behind. Given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.
In addition, there are reports that China, who accounts for more than 93 percent of production of rare earth metals, is planning to further restrict export quotas. Rare earth metals are vital to new technologies and clean energy applications including electric car batteries, wind turbines and low-energy light bulbs. Regardless of the possible exporting restrictions, demand for rare earth metals is rapidly outpacing supply and industry experts are predicting an annual shortfall by 2015.
Fraser Cottington, chief executive officer of Vendum Batteries, stated, “With a huge increase in demand for clean energy applications and the possibility of China shutting off further resources, Vendum is positioning itself to gain significant market share.” Mr. Cottington continued, “The industry outlook is appealing and we intend to capitalize on these strong growth prospects by offering a non-toxic, biodegradable alternative to rare earth metals.”
For more information, please visit www.vendumbatteries.com.
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The company’s paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. Roughly 5 billion batteries are purchased in the U.S. alone, leaving 146,000 tons of battery waste behind. Given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.
In addition, there are reports that China, who accounts for more than 93 percent of production of rare earth metals, is planning to further restrict export quotas. Rare earth metals are vital to new technologies and clean energy applications including electric car batteries, wind turbines and low-energy light bulbs. Regardless of the possible exporting restrictions, demand for rare earth metals is rapidly outpacing supply and industry experts are predicting an annual shortfall by 2015.
Fraser Cottington, chief executive officer of Vendum Batteries, stated, “With a huge increase in demand for clean energy applications and the possibility of China shutting off further resources, Vendum is positioning itself to gain significant market share.” Mr. Cottington continued, “The industry outlook is appealing and we intend to capitalize on these strong growth prospects by offering a non-toxic, biodegradable alternative to rare earth metals.”
For more information, please visit www.vendumbatteries.com.
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Monday, August 30, 2010
China TransInfo Technology Corp. (CTFO) Awarded Contracts Totaling $6.7M
China TransInfo Technology Corp. is a leading provider of intelligent transportation systems for highway and urban transportation management in China. The company today announced its recently awarded electronic toll collection (ETC) contracts totaling RMB 44.6 million (approximately $6.7 million) in Shanxi Province, Shandong Province and Sichuan Province.
China TransInfo is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The company owns software copyrights for 89 software products.
For the contracts announced today, China TransInfo will provide ETC electronics engineering machinery systems, ETC application system development and upgrading services, and 10,000 onboard electronic tags for highway authorities in Shanxi Province.
Additionally, China TransInfo will provide 10,000 onboard electronic tags and 120 readers for highway authorities in Shandong Province and Sichuan Province.
China TransInfo is one of only eight companies with a track record of successfully selling ETC- related products; the company won its first ETC project in Zhejiang Province in 2009, and then went on to win bids in Jiangsu, Shandong, Shaaxi Shanxi provinces and Tianjin Municipality.
Shudong Xia, chairman and CEO of China TransInfo said the company has a successful track record in winning projects throughout China and that the company anticipates further and continued growth in the ETC market.
“We are excited about the significant progress we have made in the ETC market,” Xia stated in the press release. “This year, with one exception, we have won projects in every province and municipality in China that solicited new bids. Our recent success in Shanxi, Shandong and Sichuan provinces further demonstrates strong market recognition for our products and technology and increases our market penetration in different regions, paving a solid foundation for us to continue to expand nationally. We expect strong growth in the ETC market as regulatory authorities continue to push implementation and car owners increasingly purchase and install onboard electronic tags. Based on our advanced technology, product advantage, brand equity and solid customer relations, we are confident that we will continue to benefit from the growth of the ETC market.”
For more information visit http://www.chinatransinfo.com
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China TransInfo is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The company owns software copyrights for 89 software products.
For the contracts announced today, China TransInfo will provide ETC electronics engineering machinery systems, ETC application system development and upgrading services, and 10,000 onboard electronic tags for highway authorities in Shanxi Province.
Additionally, China TransInfo will provide 10,000 onboard electronic tags and 120 readers for highway authorities in Shandong Province and Sichuan Province.
China TransInfo is one of only eight companies with a track record of successfully selling ETC- related products; the company won its first ETC project in Zhejiang Province in 2009, and then went on to win bids in Jiangsu, Shandong, Shaaxi Shanxi provinces and Tianjin Municipality.
Shudong Xia, chairman and CEO of China TransInfo said the company has a successful track record in winning projects throughout China and that the company anticipates further and continued growth in the ETC market.
“We are excited about the significant progress we have made in the ETC market,” Xia stated in the press release. “This year, with one exception, we have won projects in every province and municipality in China that solicited new bids. Our recent success in Shanxi, Shandong and Sichuan provinces further demonstrates strong market recognition for our products and technology and increases our market penetration in different regions, paving a solid foundation for us to continue to expand nationally. We expect strong growth in the ETC market as regulatory authorities continue to push implementation and car owners increasingly purchase and install onboard electronic tags. Based on our advanced technology, product advantage, brand equity and solid customer relations, we are confident that we will continue to benefit from the growth of the ETC market.”
For more information visit http://www.chinatransinfo.com
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GoSolarUSA Inc. (GSLO.PK) is “One to Watch”
GoSolarUSA Inc. is focused on identifying, developing and manufacturing new solar energy technologies in the United States. They are working to advance clean American solar technology to compete in an industry sector that includes such companies as First Solar, Inc. (NASDAQ: FSLR). GoSolarUSA Inc. has their headquarters in New Orleans, Louisiana.
GoSolarUSA Inc.’s President, Tyson Rohde, has years of investment banking and business development experience. He has served as the Chief Operating Officer and a director for Southfield Energy Corporation, assisting with the origination and management of oil and gas investments. Mr. Rohde was also the Chief Executive Officer and director of Biotricity Corporation from December 2008 to 2010. There, he oversaw technological and business development activities.
On August 17, 2010, GoSolarUSA Inc. disclosed that they have scheduled initial tests to verify design parameters of the newly acquired “Solar Forced Air Furnace” technology (Patent Pending). They plan to initiate testing of Solar Furnace components next month, with additional testing expected to continue over the course of several months.
The design of initial tests will be to measure total heat transfer from solar tubes to specified volumes of air flow. Results from these tests will then be used to calibrate the system for design coordination with existing forced air heating systems.
Forced air heating systems are used in 35 Million homes in the United Sates. The Company’s new Solar Forced Air Furnace design will be to easily adapt to existing systems in these 35 Million homes to reduce heating costs and provide a low-cost, “green” energy source.
On August 27, 2010, GoSolarUSA announced that their management signed another groundbreaking deal with PREE Corp. to configure their proprietary PREEcharge technology for use with the iPAD and Kindle.
The PREEcharge technology captures electrons from WLAN and Bluetooth waves and converts them into power to recharge batteries for wireless devices. The technology also incorporates a small solar panel to augment the charge with solar energy. So far, the entire product development has focused on configuration for use with smaller wireless devices. With the funding from GoSolarUSA, PREE will be able to accelerate the development of the PREEcharge for use with wireless PC tablets.
“I was blown away by the potential of this new technology,” stated Tyson Rohde, President of GoSolarUSA. “The engineers and business development team at PREE are doing something profound, and I think people will understand its value fast.”
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GoSolarUSA Inc.’s President, Tyson Rohde, has years of investment banking and business development experience. He has served as the Chief Operating Officer and a director for Southfield Energy Corporation, assisting with the origination and management of oil and gas investments. Mr. Rohde was also the Chief Executive Officer and director of Biotricity Corporation from December 2008 to 2010. There, he oversaw technological and business development activities.
On August 17, 2010, GoSolarUSA Inc. disclosed that they have scheduled initial tests to verify design parameters of the newly acquired “Solar Forced Air Furnace” technology (Patent Pending). They plan to initiate testing of Solar Furnace components next month, with additional testing expected to continue over the course of several months.
The design of initial tests will be to measure total heat transfer from solar tubes to specified volumes of air flow. Results from these tests will then be used to calibrate the system for design coordination with existing forced air heating systems.
Forced air heating systems are used in 35 Million homes in the United Sates. The Company’s new Solar Forced Air Furnace design will be to easily adapt to existing systems in these 35 Million homes to reduce heating costs and provide a low-cost, “green” energy source.
On August 27, 2010, GoSolarUSA announced that their management signed another groundbreaking deal with PREE Corp. to configure their proprietary PREEcharge technology for use with the iPAD and Kindle.
The PREEcharge technology captures electrons from WLAN and Bluetooth waves and converts them into power to recharge batteries for wireless devices. The technology also incorporates a small solar panel to augment the charge with solar energy. So far, the entire product development has focused on configuration for use with smaller wireless devices. With the funding from GoSolarUSA, PREE will be able to accelerate the development of the PREEcharge for use with wireless PC tablets.
“I was blown away by the potential of this new technology,” stated Tyson Rohde, President of GoSolarUSA. “The engineers and business development team at PREE are doing something profound, and I think people will understand its value fast.”
About QualityStocks:
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China Industrial Waste Management, Inc. (CIWT.OB) Increases Capacity via Cooperation Contract
China Industrial Waste Management, www.chinaciwt.com – a full-spectrum waste management firm serving Dalian and much of Liaoning Province, reported that its 90-percent owned subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd., signed a substantial waste management cooperation contract with Dalian Onoda Cement Co. Ltd., the production venture arm of established Japanese cement multinational, Taiheiyo Cement Co. Limited.
This contract follows up on the Letter of Intent between Dongtai and Onoda, signed in November of 2008, which has led to the processing of 3k tons of solid waste as part of a trial run using Onoda’s cement kiln to process the waste.
The contract also stipulates the formation of a joint research team by the two companies which will derive new waste management workflows/technologies from the extant collaboration.
CEO of Dongtai, Mr. Jason Dong, hailed the addition of yet another vital waste treatment method as significantly boosting overall industrial waste processing capacity, citing an immediate 36% (20k tons/year) improvement and an eventual 125-143% jump in five years.
Characterizing cement kiln processing as having a great future, given the size of China’s cement industry, Mr. Jason Dong also cited the vast environmental benefits when combined with resource utilization – benefits evinced by the replacement of large amounts of coal with organic waste products for cement production.
Indeed, inorganic waste (like casting sand) is also used, and the method itself opens the door to other materials, from waste plastics and tires to solvents or oils. An advanced cement production facility like Onoda is the ideal partner for Dongtai to cooperate with in the pursuit of technology which will ultimately potentially lead to increased profitability.
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This contract follows up on the Letter of Intent between Dongtai and Onoda, signed in November of 2008, which has led to the processing of 3k tons of solid waste as part of a trial run using Onoda’s cement kiln to process the waste.
The contract also stipulates the formation of a joint research team by the two companies which will derive new waste management workflows/technologies from the extant collaboration.
CEO of Dongtai, Mr. Jason Dong, hailed the addition of yet another vital waste treatment method as significantly boosting overall industrial waste processing capacity, citing an immediate 36% (20k tons/year) improvement and an eventual 125-143% jump in five years.
Characterizing cement kiln processing as having a great future, given the size of China’s cement industry, Mr. Jason Dong also cited the vast environmental benefits when combined with resource utilization – benefits evinced by the replacement of large amounts of coal with organic waste products for cement production.
Indeed, inorganic waste (like casting sand) is also used, and the method itself opens the door to other materials, from waste plastics and tires to solvents or oils. An advanced cement production facility like Onoda is the ideal partner for Dongtai to cooperate with in the pursuit of technology which will ultimately potentially lead to increased profitability.
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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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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Fronteer Gold Inc. (FRG) Moves to Acquire AuEx Ventures
Fronteer Gold, www.fronteergold.com – which has its sights set on becoming a significant gold producer by leveraging strong financial footing and a robust operational team, announced today entry into an arrangement to acquire 100% of the outstanding shares of Nevada-based gold/silver exploration firm, AuEx Ventures, Inc.
Unanimous approval for the transaction came from AuEx’s Board, with directors and senior officers agreeing to vote their shares in favor. AuEx’s largest shareholder, with 22.5%, also approved the move.
President and CEO of FRG, Mark O’Dea, welcomed the acquisition as solidifying control of the Company’s flagship Long Canyon project in Nevada, and giving FRG a “dominant position in the Pequops”. The Long Canyon project is an advanced-stage, high-quality gold resource being aggressively moved toward production.
O’Dea spoke of how highly he values the strong relationship cultivated with AuEx, and acknowledged all of the hard work AuEx has put into developing the region for future production.
President and CEO of AuEx, Ronald L. Parratt, noted the attractive, immediate premium to shareholders, which lets them share in the future of Long Canyon via the FRG shares, and still gives them access to a wide variety of opportunities through the SpinCo shares.
Parratt praised the drive, strong capital position, and vision of FRG, projecting that Long Canyon would soon come to fruition as a producing revenue engine.
The plan of arrangement and transaction each have several requirements:
• AuEx shareholders to receive 0.645 of a Fronteer Gold share, $0.66 in cash and 0.5 shares in the new exploration firm to be called SpinCo per share of AuEx (excluding SpinCo shares roughly a 50.9% premium or diluted equity value of $280.8M based on volume weighted average of both shares from both companies on the TSX for 20-day period ending August 26 this year)
• SpinCo takes ownership of all AuEx exploration sites outside the Pequops District and will have $5M in cash
• 18.6% of the pro forma outstanding shares of Fronteer Gold (fully diluted) to be held by AuEx shareholders at completion of transaction
• 90.1% of SpinCo shares to be held by AuEx shareholders with the remaining 9.9% going to Fronteer
• Fronteer’s 51% owner/operator status of Long Canyon expanded to 100%, along with remaining AuEx interests in the Pequops District (including the South Pequop project and 49% interest in the West Pequop Project)
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Unanimous approval for the transaction came from AuEx’s Board, with directors and senior officers agreeing to vote their shares in favor. AuEx’s largest shareholder, with 22.5%, also approved the move.
President and CEO of FRG, Mark O’Dea, welcomed the acquisition as solidifying control of the Company’s flagship Long Canyon project in Nevada, and giving FRG a “dominant position in the Pequops”. The Long Canyon project is an advanced-stage, high-quality gold resource being aggressively moved toward production.
O’Dea spoke of how highly he values the strong relationship cultivated with AuEx, and acknowledged all of the hard work AuEx has put into developing the region for future production.
President and CEO of AuEx, Ronald L. Parratt, noted the attractive, immediate premium to shareholders, which lets them share in the future of Long Canyon via the FRG shares, and still gives them access to a wide variety of opportunities through the SpinCo shares.
Parratt praised the drive, strong capital position, and vision of FRG, projecting that Long Canyon would soon come to fruition as a producing revenue engine.
The plan of arrangement and transaction each have several requirements:
• AuEx shareholders to receive 0.645 of a Fronteer Gold share, $0.66 in cash and 0.5 shares in the new exploration firm to be called SpinCo per share of AuEx (excluding SpinCo shares roughly a 50.9% premium or diluted equity value of $280.8M based on volume weighted average of both shares from both companies on the TSX for 20-day period ending August 26 this year)
• SpinCo takes ownership of all AuEx exploration sites outside the Pequops District and will have $5M in cash
• 18.6% of the pro forma outstanding shares of Fronteer Gold (fully diluted) to be held by AuEx shareholders at completion of transaction
• 90.1% of SpinCo shares to be held by AuEx shareholders with the remaining 9.9% going to Fronteer
• Fronteer’s 51% owner/operator status of Long Canyon expanded to 100%, along with remaining AuEx interests in the Pequops District (including the South Pequop project and 49% interest in the West Pequop Project)
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Pacific North West Capital Corp. (PAWEF) Updates Exploration Program in Canada
Pacific North West Capital Corp. released an update on the company’s planned exploration and development activities at its mine project in Canada.
Pacific North West Capital Corp is currently planning to explore and develop the Rock and Roll Property in British Columbia. The company hopes to determine that the Rock and Roll Property contains gold, silver and other minerals that can be commercially extracted.
Pacific North West Capital Corp. plans to start the company’s exploration program in September 2010. The program will focus on a reexamination of previously extracted core samples and a review of geological maps.
In 2009, Pacific North West Capital Corp. obtained 540 meters of drilling core samples from the site, from a total of five separate holes. The drilling core samples contained intersections of gold, silver, copper, lead and zinc.
Pacific North West Capital Corp. also has more than 14,000 meters of drilling core samples extracted from the Rock and Roll Property from 1991 to 1997. The drilling core samples were taken from 110 separate holes at the property.
Pacific North West Capital Corp. has optioned the Rock and Roll Project from three separate outside parties, and the company can earn up to a 100% interest in the project by meeting certain targets on exploration expenses, and other criteria.
For more information on the company, go to www.pfncapital.com
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Pacific North West Capital Corp is currently planning to explore and develop the Rock and Roll Property in British Columbia. The company hopes to determine that the Rock and Roll Property contains gold, silver and other minerals that can be commercially extracted.
Pacific North West Capital Corp. plans to start the company’s exploration program in September 2010. The program will focus on a reexamination of previously extracted core samples and a review of geological maps.
In 2009, Pacific North West Capital Corp. obtained 540 meters of drilling core samples from the site, from a total of five separate holes. The drilling core samples contained intersections of gold, silver, copper, lead and zinc.
Pacific North West Capital Corp. also has more than 14,000 meters of drilling core samples extracted from the Rock and Roll Property from 1991 to 1997. The drilling core samples were taken from 110 separate holes at the property.
Pacific North West Capital Corp. has optioned the Rock and Roll Project from three separate outside parties, and the company can earn up to a 100% interest in the project by meeting certain targets on exploration expenses, and other criteria.
For more information on the company, go to www.pfncapital.com
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China Pharmaceuticals Inc. (CFMI.OB) Posts Record Q2 Financials
China Pharmaceuticals Inc., a leading manufacturer and distributor of prescription and over-the-counter pharmaceuticals, today announced record financial results for its second quarter ended June 30, 2010.
The company reported total revenue for the quarter of $10.44 million, up 105 percent from $5.08 million reported for the second quarter of 2009.
Gross profit increased 89 percent to $6.08 million, up from $3.21 million reported for the comparable period of last year.
Operating income grew 204 percent to $6.35 million as compared to $2.08 million reported for the second quarter ended June 30, 2009.
China Pharmaceuticals’ net income increased 208 percent to $5.37 million, or diluted earnings per share of $0.16, as compared to 2009 second-quarter net income of $1.74 million, or diluted earnings per share of $0.06.
“We are extremely delighted to report a strong second quarter of 2010, with revenues and net income significantly exceeding our expectations. We continue to believe that the factors that contributed to this performance were strong sales from our new products and the highly effective restructuring of our sales and marketing network. …,” stated Guozhu Wang, chairman and CEO of China Pharmaceuticals stated in the press release. “We are focused on continuing to expand our portfolio of high margin products and aggressively expanding our sales and marketing network that will allow us to continue to build sustainable growth in revenues and profits.”
As of June 30, 2010, the company had $6.73 million in cash. Working capital increased 94 percent to $17.94 million, up from $9.24 million as of December 31, 2009. Long-term debt remains at Nil. Shareholders’ equity as of June 30, 2010 was $36.88 million, as compared to $28.62 million at the end of December 31, 2009. Total assets as of June 30, 2010 amounted to $40.13 million.
China Pharmaceuticals also noted its optimism for the remainder of fiscal 2010, saying that it expects continued growth and expansion.
“Fiscal 2010 continues to be a transitional year for China Pharmaceuticals as we prepare for the introduction of new drugs, and pursue additional opportunities for both organic growth and potential strategic acquisitions. Our current outlook reflects only the drugs that we have in hand today and will be subject to update as we execute strategic initiatives to expand our market position and profitability in the future. Based on our performance to date, we continue to remain extremely optimistic regarding our future growth prospects and look forward to sharing further details with our shareholders as we proceed with our expansion plans,” Guozhu Wang stated.
For more information visit www.chinapharmaceuticalsinc.com
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The company reported total revenue for the quarter of $10.44 million, up 105 percent from $5.08 million reported for the second quarter of 2009.
Gross profit increased 89 percent to $6.08 million, up from $3.21 million reported for the comparable period of last year.
Operating income grew 204 percent to $6.35 million as compared to $2.08 million reported for the second quarter ended June 30, 2009.
China Pharmaceuticals’ net income increased 208 percent to $5.37 million, or diluted earnings per share of $0.16, as compared to 2009 second-quarter net income of $1.74 million, or diluted earnings per share of $0.06.
“We are extremely delighted to report a strong second quarter of 2010, with revenues and net income significantly exceeding our expectations. We continue to believe that the factors that contributed to this performance were strong sales from our new products and the highly effective restructuring of our sales and marketing network. …,” stated Guozhu Wang, chairman and CEO of China Pharmaceuticals stated in the press release. “We are focused on continuing to expand our portfolio of high margin products and aggressively expanding our sales and marketing network that will allow us to continue to build sustainable growth in revenues and profits.”
As of June 30, 2010, the company had $6.73 million in cash. Working capital increased 94 percent to $17.94 million, up from $9.24 million as of December 31, 2009. Long-term debt remains at Nil. Shareholders’ equity as of June 30, 2010 was $36.88 million, as compared to $28.62 million at the end of December 31, 2009. Total assets as of June 30, 2010 amounted to $40.13 million.
China Pharmaceuticals also noted its optimism for the remainder of fiscal 2010, saying that it expects continued growth and expansion.
“Fiscal 2010 continues to be a transitional year for China Pharmaceuticals as we prepare for the introduction of new drugs, and pursue additional opportunities for both organic growth and potential strategic acquisitions. Our current outlook reflects only the drugs that we have in hand today and will be subject to update as we execute strategic initiatives to expand our market position and profitability in the future. Based on our performance to date, we continue to remain extremely optimistic regarding our future growth prospects and look forward to sharing further details with our shareholders as we proceed with our expansion plans,” Guozhu Wang stated.
For more information visit www.chinapharmaceuticalsinc.com
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Mueller Water Products, Inc. (MWA) Video Chart for Monday, August 30, 2010
A support level is being established and the indicators are giving indication that a bounce and possible reversal could be in the making. The video explains what we see in the chart at this time.
Please click the following link: http://www.qualitystocks.net/videocharts.php
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Forbes Medi-Tech (FMTI.OB) Closes Asset Sale and Updates Shareholders on Schedule of Liquidation
Forbes Medi-Tech, Inc. issued a press release after the closing bell on Friday to announce the closing of an asset sale in which the majority of its assets have been sold to Pharmachem Laboratories, Inc. In negotiation since July, this sale was previously announced as accepted on August 20, 2010 in which terms were reached at US$4.0 million.
This dollar amount is significantly higher than the amount offered by MHT, LLC as announced in initial negotiations for an asset sale as announced in July. Pharmachem Laboratories is a U.S.-based manufacturer and supplier of ingredients, including nutritionals, food and beverages, flavors and fragrances. Forbes Medi-Tech, in connection with the sale approval, has changed its name to FMI Holdings Ltd.
While not formalized as of yet, Abakhan & Associates, Inc. has been designated as liquidator. This has been approved by the shareholders. It is expected that the formalities will be completed in the beginning of September 2010.
Shareholders are expected to receive on distribution payment as a result of the closing of the Company. This cash payment will not be realized until the assets are sold. The Company’s costs and liabilities will also be factored into the consideration, but it is estimated that the net proceeds will be in the area of CDN$.50 to CDN$.58 per share and can be expected approximately 6 months following all required claims actions. Upon distribution of considerations, it is expected that all common shares will be cancelled and the Company will no longer be listed on the “Over the Counter Bulletin Boards.” Provided that no complications occur, finalization of the complete dismantling of the Company is targeted to be completed in the first quarter of 2011.
Shares of FMTI popped up from $.12/share on the news earlier this month and closed Friday at $.44.
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This dollar amount is significantly higher than the amount offered by MHT, LLC as announced in initial negotiations for an asset sale as announced in July. Pharmachem Laboratories is a U.S.-based manufacturer and supplier of ingredients, including nutritionals, food and beverages, flavors and fragrances. Forbes Medi-Tech, in connection with the sale approval, has changed its name to FMI Holdings Ltd.
While not formalized as of yet, Abakhan & Associates, Inc. has been designated as liquidator. This has been approved by the shareholders. It is expected that the formalities will be completed in the beginning of September 2010.
Shareholders are expected to receive on distribution payment as a result of the closing of the Company. This cash payment will not be realized until the assets are sold. The Company’s costs and liabilities will also be factored into the consideration, but it is estimated that the net proceeds will be in the area of CDN$.50 to CDN$.58 per share and can be expected approximately 6 months following all required claims actions. Upon distribution of considerations, it is expected that all common shares will be cancelled and the Company will no longer be listed on the “Over the Counter Bulletin Boards.” Provided that no complications occur, finalization of the complete dismantling of the Company is targeted to be completed in the first quarter of 2011.
Shares of FMTI popped up from $.12/share on the news earlier this month and closed Friday at $.44.
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Uranium Energy Corp. (UEC) Announces Completion of First Phase of Wellfield Development at Palangana in South Texas
Uranium Energy Corp. was pleased to announce this morning that it has completed the first of three phases of wellfield development at Production Area One (“PAA-1″) at the Palangana ISR uranium project located in South Texas.
According to the press release, Uranium Energy completed 40 injection and production wells thus far, marking the end of Phase One in the development of PAA-1. The wells are to be brought on-stream in three approximately equivalent phases as part of the build-up to initial sustainable levels of production. Construction of Palangana’s ion-exchange satellite facility is also underway with pumps and tanks to be installed during the month of September.
Harry Anthony, Chief Operating Officer, stated, “The development progress at Palangana is on-track, on-schedule and on-budget for initial production starting in November this year. We are continuing the drilling, electrical build-out and wellfield piping, and are pleased with the pace and testing to date.”
Uranium Energy also announced that it has completed drilling and flow-testing the Class 1 non-hazardous waste disposal well, known as WDW 419, that is needed for the Palangana project. WDW 419 is permitted for injection of by-product solutions generated during in-situ recovery of uranium and during restoration of the field. The well was drilled and cased to a depth of 6,950 feet in June and July. It was perforated earlier this month with two perforation intervals.
The well has now been flow-tested using filtered brine at several rates ranging between 42 and 176 gallons per minute at wellhead pressures ranging from 0, or a vacuum, up to 300 pounds per square inch, and was successful from applying just these modest wellhead pressures. WDW 419 is in the top 99 percentile of all Class I uranium wells based on superb flow rates at modest injection pressures.
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According to the press release, Uranium Energy completed 40 injection and production wells thus far, marking the end of Phase One in the development of PAA-1. The wells are to be brought on-stream in three approximately equivalent phases as part of the build-up to initial sustainable levels of production. Construction of Palangana’s ion-exchange satellite facility is also underway with pumps and tanks to be installed during the month of September.
Harry Anthony, Chief Operating Officer, stated, “The development progress at Palangana is on-track, on-schedule and on-budget for initial production starting in November this year. We are continuing the drilling, electrical build-out and wellfield piping, and are pleased with the pace and testing to date.”
Uranium Energy also announced that it has completed drilling and flow-testing the Class 1 non-hazardous waste disposal well, known as WDW 419, that is needed for the Palangana project. WDW 419 is permitted for injection of by-product solutions generated during in-situ recovery of uranium and during restoration of the field. The well was drilled and cased to a depth of 6,950 feet in June and July. It was perforated earlier this month with two perforation intervals.
The well has now been flow-tested using filtered brine at several rates ranging between 42 and 176 gallons per minute at wellhead pressures ranging from 0, or a vacuum, up to 300 pounds per square inch, and was successful from applying just these modest wellhead pressures. WDW 419 is in the top 99 percentile of all Class I uranium wells based on superb flow rates at modest injection pressures.
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IntelGenx Corp. (IGXT.OB) and RedHill Biopharma Ltd. Announce Agreement for Anti-Migraine Film Product
IntelGenx Corp. has focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems to separate themselves from the competition in the medical sector. Today, IntelGenx took a major step forward with the announcement that they have entered a definitive agreement with RedHill Biopharma for an Anti-Migraine film product. The product is intended for the rapid relief of migraines and will be the first oral thin film product based upon IntelGenx’s proprietary VersaFilm technology.
The terms of this co-development and commercialization agreement will have Red Hill obtaining certain exclusive rights to market and sell the oral film product. In exchange for these rights, IntelGenx will receive external development fees totaling up to $2.1 million from RedHill and, depending on the circumstance, up to 75% of all proceeds for the worldwide sale of the product.
Leading the way at IntelGenx is Dr. Horst G. Zerbe who serves as the company’s President and CEO. When asked about this agreement, Dr. Zerbe was quoted as saying, “We are pleased to be working with RedHill on our anti-migraine film product. This partnership helps validate and accelerate IntelGenx’ VersaFilm technology, while providing IntelGenx with additional resources to meet our ongoing strategic objectives in developing additional oral film products.”
To learn more about the IntelGenx Corporation, visit the company website at: www.intelgenx.com.
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The terms of this co-development and commercialization agreement will have Red Hill obtaining certain exclusive rights to market and sell the oral film product. In exchange for these rights, IntelGenx will receive external development fees totaling up to $2.1 million from RedHill and, depending on the circumstance, up to 75% of all proceeds for the worldwide sale of the product.
Leading the way at IntelGenx is Dr. Horst G. Zerbe who serves as the company’s President and CEO. When asked about this agreement, Dr. Zerbe was quoted as saying, “We are pleased to be working with RedHill on our anti-migraine film product. This partnership helps validate and accelerate IntelGenx’ VersaFilm technology, while providing IntelGenx with additional resources to meet our ongoing strategic objectives in developing additional oral film products.”
To learn more about the IntelGenx Corporation, visit the company website at: www.intelgenx.com.
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Beacon Equity Research Featured Company: WebSafety, Inc. (WBSI.OB)
WebSafety understands the complexities and difficulties associated with parental control solutions for computers and cell phones. The company develops revolutionary, non-invasive products like WebSafetyPC and CellSafety to address child safety without infringing on privacy.
Based on the world’s largest word recognition library, WBSI products can identify inappropriate content from sex-based texting and texting while driving, to pornography or online predators, and contact parents by email or cell phone with only the relevant or dangerous material. This ingenious methodology keeps parents aware by alerting them only when a danger is present, preserving the personal space kids demand while offering a security package that is highly customizable and superior to other parental control software solutions.
The comprehensive ability to easily monitor all chat programs and social networking sites, as well as block pornography and filter emails, is a dream for the already overstressed parents of today’s youth. With a focus on safeguarding innocent children both online and on the streets, WBSI is well positioned to generate substantial revenue as the customer base continues to grow.
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Based on the world’s largest word recognition library, WBSI products can identify inappropriate content from sex-based texting and texting while driving, to pornography or online predators, and contact parents by email or cell phone with only the relevant or dangerous material. This ingenious methodology keeps parents aware by alerting them only when a danger is present, preserving the personal space kids demand while offering a security package that is highly customizable and superior to other parental control software solutions.
The comprehensive ability to easily monitor all chat programs and social networking sites, as well as block pornography and filter emails, is a dream for the already overstressed parents of today’s youth. With a focus on safeguarding innocent children both online and on the streets, WBSI is well positioned to generate substantial revenue as the customer base continues to grow.
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Stock Guru Featured Company: Budget Center Inc. (BDGN.PK)
Budget Center maximizes the spectrum of offerings available to consumers (at every financial level) seeking travel and related services by leveraging an entire series of URL domains that all start with the key term “budget” (like the extremely promising budgethotels.com).
By developing the budget brand of domains, in conjunction with strategic relationships which harness the inventories of the biggest and most well-known websites, BDGN is able to focus on dominating the online travel budget space without incurring the costs of such inventories.
The idea of saving money on travel is as old as civilization itself and BDGN is looking to become the top name in meeting online demand, driving traffic into the budget network with:
• Best-practice SEO (search engine optimization) on all sites
• Concerted Search Engine Marketing initiatives
• Mandate that online advertising be Cost per Acquisition/Click driven
• Massive roll-out of targeted e-mail marketing campaign
With an overarching drive to develop a merchant model for all travel products, and a solid commitment to building the budget brand, BDGN is uniquely positioned to generate consistent revenues by tapping into the global market of savvy travelers.
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By developing the budget brand of domains, in conjunction with strategic relationships which harness the inventories of the biggest and most well-known websites, BDGN is able to focus on dominating the online travel budget space without incurring the costs of such inventories.
The idea of saving money on travel is as old as civilization itself and BDGN is looking to become the top name in meeting online demand, driving traffic into the budget network with:
• Best-practice SEO (search engine optimization) on all sites
• Concerted Search Engine Marketing initiatives
• Mandate that online advertising be Cost per Acquisition/Click driven
• Massive roll-out of targeted e-mail marketing campaign
With an overarching drive to develop a merchant model for all travel products, and a solid commitment to building the budget brand, BDGN is uniquely positioned to generate consistent revenues by tapping into the global market of savvy travelers.
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Samples of Revolutions Medical Corp.’s (RMCP.OB) RevVac Safety Syringe to be Completed and Ready for Distribution
Since acknowledgement of the successful completion of a Pilot Run for new manufacturing design changes to the RevVac Safety Syringe earlier in May, Revolutions Medical has been working closely with a U.S. manufacturer to complete market samples. Sporting the company’s new label, these samples have only eight parts compared to twelve, with even better performance at lower cost. Now that the market samples are completed, Revolutions Medical can finalize negotiations with manufacturers and distributors.
“Not only do I think we have the world’s least expensive and best automatic retractable safety syringe, our manufacturing price could even be competitive with standard high quality syringes over time. With the many advantages of our safety syringe; reducing accidental needle stick injuries, reducing the spread of blood borne pathogens, and the savings on sharp’s hazardous disposal, I feel we have an actual replacement of the standard syringe that has been used in the medical workplace for decades,” stated Ron Wheet, CEO, Revolutions Medical Corporation.
Revolutions Medical is a safety medical device and software application company. Its medical products include the RevVac safety syringe (FDA approved), safety blood drawing device and safety IV catheter. Through the software division, the company provides RevColor, RevDisplay and Rev3D. The software suite’s functionality includes sorting of images, color, 3D and automatic segmentation of images.
To learn more about Revolutions Medical, visit the company’s website: http://www.revolutionsmedical.com.
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“Not only do I think we have the world’s least expensive and best automatic retractable safety syringe, our manufacturing price could even be competitive with standard high quality syringes over time. With the many advantages of our safety syringe; reducing accidental needle stick injuries, reducing the spread of blood borne pathogens, and the savings on sharp’s hazardous disposal, I feel we have an actual replacement of the standard syringe that has been used in the medical workplace for decades,” stated Ron Wheet, CEO, Revolutions Medical Corporation.
Revolutions Medical is a safety medical device and software application company. Its medical products include the RevVac safety syringe (FDA approved), safety blood drawing device and safety IV catheter. Through the software division, the company provides RevColor, RevDisplay and Rev3D. The software suite’s functionality includes sorting of images, color, 3D and automatic segmentation of images.
To learn more about Revolutions Medical, visit the company’s website: http://www.revolutionsmedical.com.
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Friday, August 27, 2010
Cleveland BioLabs (CBLI) Poised to Capitalize Massively on Multiple Government Contracts for Radiation Countermeasures
Cleveland BioLabs, www.cbiolabs.com, is well-positioned as both a bio-defense and medical company, with proficiencies in radiation countermeasures, as well as preclinical cancer, stem cell and acute organ failure technologies.
President and CEO of CBLI, Michael Fonstein, detailed excitement over CBLB502, the Company’s radiation countermeasure being favorably positioned to receive the final contract award by the DOD (pursuant to a Q1 FY10 Request For Proposal response).
In an exclusive interview with BioMedReports, Fonstein revealed that the CBLB502 defense program is based on CBLI’s unique pharmacological approach of achieving radioprotectant (preventative) and radiation damage mitigation parameters via Protectans, molecules which shield the cell against radiation or other cellular stress factors.
The contract is likely to be comprised of two components:
• Budget for radiation countermeasures R&D via FDA licensure
• Conditional commitments for some 37.5k doses upon licensure
While the total dollar value probably won’t be over a few tens of millions, according to Fonstein, it would really solidify the Company and its products due to the global recognition of the DOD as a leader in radiation research.
Landing the contract would put CBLI in prime position to develop a huge program for purchases from an even bigger client, the Department of Health and Human Services’ Biomedical Advanced Research and Development Authority, which is tasked with fulfilling countermeasure requirements for the Strategic National Stockpile.
Fonstein projected a contract value somewhere in the neighborhood of $100-300M; mind you, this is before considering the broad potential applications in foreign markets like Israel and others, where the seemingly imminent implementation of at least tactical nuclear capability is a distinct possibility.
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President and CEO of CBLI, Michael Fonstein, detailed excitement over CBLB502, the Company’s radiation countermeasure being favorably positioned to receive the final contract award by the DOD (pursuant to a Q1 FY10 Request For Proposal response).
In an exclusive interview with BioMedReports, Fonstein revealed that the CBLB502 defense program is based on CBLI’s unique pharmacological approach of achieving radioprotectant (preventative) and radiation damage mitigation parameters via Protectans, molecules which shield the cell against radiation or other cellular stress factors.
The contract is likely to be comprised of two components:
• Budget for radiation countermeasures R&D via FDA licensure
• Conditional commitments for some 37.5k doses upon licensure
While the total dollar value probably won’t be over a few tens of millions, according to Fonstein, it would really solidify the Company and its products due to the global recognition of the DOD as a leader in radiation research.
Landing the contract would put CBLI in prime position to develop a huge program for purchases from an even bigger client, the Department of Health and Human Services’ Biomedical Advanced Research and Development Authority, which is tasked with fulfilling countermeasure requirements for the Strategic National Stockpile.
Fonstein projected a contract value somewhere in the neighborhood of $100-300M; mind you, this is before considering the broad potential applications in foreign markets like Israel and others, where the seemingly imminent implementation of at least tactical nuclear capability is a distinct possibility.
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Bakers Footwear Group, Inc. (BKRS.OB) Seals $5M Debt and Equity Financing Deal
Bakers Footwear, www.bakersshoes.com, has managed to develop an intricate market relationship between retail space and customers by offering a robust array of fashion-forward footwear and accessories for style-driven young women ages 16-35 at its national network of some 240 stores.
The Company announced today that it has obtained a $5M debt and equity investment from Steven Madden, Ltd., receiving $4.6M in net proceeds which will be directed towards working capital.
Subordinate to outstanding debt, the $5M note carries 11% interest (principal payments due 2017-2020), and a reported 1,844,860 shares will be issued to Steven Madden in addition, as consideration for the loan, constituting a 19.99% equity interest in Bakers which Madden has agreed to vote in unison with BKRS CEO, Peter Edison.
Edison welcomed the financial investment expansion of this two-decade-old partnership with Steve Madden, one of the Company’s biggest suppliers, and cited the lack of financial covenants or sourcing/governance conditions as a clear and strong vote of confidence in the business.
Edison remarked how nice it was to move forward with a trusted associate like Steve, with whom the Company has done business since the inception of his (Madden’s) company, which is a leading designer and marketing and sourcing expert for the hottest footwear and accessories.
Chairman and CEO of Steve Madden, Edward Rosenfeld, echoed Edison’s sentiments about both the long-standing and trusted relationship between the companies, and the mutually beneficial upsides of the deal.
Other salient details regarding the deal are as follows:
• Customary and other provisions – requirement for note repayment due to change of control, including if Edison ceases to be CEO
• Steve Madden agreed to restrictions on additional transfer or acquisition of Bakers securities
• Entry into various consents, waivers and agreements with senior leadership to accommodate the deal (Bakers’ covenant compliance and greater detail in 8-K filed today)
• Shares made in private transaction under Regulation D (not registered under 1933 Securities Act)
• Agreement made by Bakers to file registration with the SEC upon investor request (subject to conditions covering resale of common stock)
• Shares of common stock may not be reoffered or resold (barring exemption or registration) until such time as the registration statement is validated by the SEC
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The Company announced today that it has obtained a $5M debt and equity investment from Steven Madden, Ltd., receiving $4.6M in net proceeds which will be directed towards working capital.
Subordinate to outstanding debt, the $5M note carries 11% interest (principal payments due 2017-2020), and a reported 1,844,860 shares will be issued to Steven Madden in addition, as consideration for the loan, constituting a 19.99% equity interest in Bakers which Madden has agreed to vote in unison with BKRS CEO, Peter Edison.
Edison welcomed the financial investment expansion of this two-decade-old partnership with Steve Madden, one of the Company’s biggest suppliers, and cited the lack of financial covenants or sourcing/governance conditions as a clear and strong vote of confidence in the business.
Edison remarked how nice it was to move forward with a trusted associate like Steve, with whom the Company has done business since the inception of his (Madden’s) company, which is a leading designer and marketing and sourcing expert for the hottest footwear and accessories.
Chairman and CEO of Steve Madden, Edward Rosenfeld, echoed Edison’s sentiments about both the long-standing and trusted relationship between the companies, and the mutually beneficial upsides of the deal.
Other salient details regarding the deal are as follows:
• Customary and other provisions – requirement for note repayment due to change of control, including if Edison ceases to be CEO
• Steve Madden agreed to restrictions on additional transfer or acquisition of Bakers securities
• Entry into various consents, waivers and agreements with senior leadership to accommodate the deal (Bakers’ covenant compliance and greater detail in 8-K filed today)
• Shares made in private transaction under Regulation D (not registered under 1933 Securities Act)
• Agreement made by Bakers to file registration with the SEC upon investor request (subject to conditions covering resale of common stock)
• Shares of common stock may not be reoffered or resold (barring exemption or registration) until such time as the registration statement is validated by the SEC
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Aethlon Medical’s (AEMD.OB) Hemopurifier Making Headway in Drug Therapy Care
Aethlon Medical Inc. develops therapeutic filtration devices to address infectious disease and cancer. The Medanta Independent Ethics Committee (MIEC) at the Medicity Institute (Medicity) in India recently approved a treatment program entitled: “Use of the Aethlon Hemopurifier® in Treating Chronic HCV Infection in Combination with Standard of Care (SOC) Drug Therapy.”
The Aethlon Hemopurifier is the first-of-its kind medical device that selectively targets the removal of infectious viruses and immunosuppressive proteins from the entire circulatory system.
Aethlon said that one of the clinical goals of the Aethlon-Medicity study is to demonstrate that the Hemopurifier® can accelerate the benefit of HCV standard of care (SOC) drug regimens.
“We are grateful for this opportunity to show the pharmaceutical industry, infected patients, and shareholders that our Hemopurifier® can enhance the capabilities of drug regimens without adding additional drug toxicity and interaction risks,” Aethlon chairman and CEO Jim Joyce stated in the press release. “Beneficial outcomes will set the stage for the early commercialization of our technology and should recalibrate industry viewpoints on addressing infectious disease conditions.”
After conducting the clinical early treatment benefit, Aethlon said it plans to advance commercialization through the Medicity and other regional treatment centers in India. To execute this goal, Aethlon has inked a deal with GVK Biosciences (GVK BIO) to expand the opportunity for Aethlon to commercialize its Hemopurifier® treatment technology at three to five new clinical centers in India. GVK BIO is Asia’s leading discovery research and development organization.
Aethlon said the Hemopurifier offers the company opportunity in four significant markets: as a cancer treatment candidate to improve patient responsiveness to established cancer therapies by removing immunosuppressive exosomes from circulation; as a Hepatitis-C Virus (HCV) adjunct therapy to accelerate viral load reduction at the outset of standard of care drug regimens; as a potential therapeutic option for Human Immunodeficiency Virus (HIV) for infected individuals to manage disease progression once they become resistant to antiviral drug regimens; and for bioterror and pandemic threats, representing the most advanced broad-spectrum strategy to address untreatable bioterror and emerging pandemic threats.
For more information visit www.aethlonmedical.com
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The Aethlon Hemopurifier is the first-of-its kind medical device that selectively targets the removal of infectious viruses and immunosuppressive proteins from the entire circulatory system.
Aethlon said that one of the clinical goals of the Aethlon-Medicity study is to demonstrate that the Hemopurifier® can accelerate the benefit of HCV standard of care (SOC) drug regimens.
“We are grateful for this opportunity to show the pharmaceutical industry, infected patients, and shareholders that our Hemopurifier® can enhance the capabilities of drug regimens without adding additional drug toxicity and interaction risks,” Aethlon chairman and CEO Jim Joyce stated in the press release. “Beneficial outcomes will set the stage for the early commercialization of our technology and should recalibrate industry viewpoints on addressing infectious disease conditions.”
After conducting the clinical early treatment benefit, Aethlon said it plans to advance commercialization through the Medicity and other regional treatment centers in India. To execute this goal, Aethlon has inked a deal with GVK Biosciences (GVK BIO) to expand the opportunity for Aethlon to commercialize its Hemopurifier® treatment technology at three to five new clinical centers in India. GVK BIO is Asia’s leading discovery research and development organization.
Aethlon said the Hemopurifier offers the company opportunity in four significant markets: as a cancer treatment candidate to improve patient responsiveness to established cancer therapies by removing immunosuppressive exosomes from circulation; as a Hepatitis-C Virus (HCV) adjunct therapy to accelerate viral load reduction at the outset of standard of care drug regimens; as a potential therapeutic option for Human Immunodeficiency Virus (HIV) for infected individuals to manage disease progression once they become resistant to antiviral drug regimens; and for bioterror and pandemic threats, representing the most advanced broad-spectrum strategy to address untreatable bioterror and emerging pandemic threats.
For more information visit www.aethlonmedical.com
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China Sun Group High-Tech Co. Ltd. (CSGH.OB) Inks $15M Equity Financing Agreement
China Sun Group High-Tech Co. Ltd., a supplier of raw materials for rechargeable Lithium-ion (Li-ion) batteries in China, today announced it has signed a definitive binding agreement with an institutional investor to provide the company with up to $15 million in equity financing through the periodic sales of common stock over a 12-month term.
Bin Wang, chairman and CEO of China Sun, said the funding will allow the company to fuel its growth and ramp up its business opportunities.
“This facility provides us with sufficient additional funding to increase production capacity for our existing products and to start research and development work for our potential entry into the Power Li-ion battery business,” Wang stated in the press release. “Going forward, China Sun’s strong internal cash flow, existing cash reserves and this facility provide the resources for the next phase of the company’s growth. Furthermore, we believe that our new equity line providers are highly experienced in the new clean energy sector and will give us additional insight as we increase the scale of our business.”
Per the agreement, China Sun will retain the right, without obligation, to obtain the financing through the issuance of its common stock to the investor in a series of periodic draw downs.
According to the press release: The shares may be sold to the investor during this 12-month period at times and in drawdown amounts, subject to the amount of shares requested for drawdown being (A) at least equal to the value of 100 percent of the average daily volume (U.S. market only) of the company’s common stock for the Ten (10) Trading Days prior to the applicable date of the drawdown request; provided, however, that the amount requested for drawdown shall not be less than $200,000, or (B) up to $2 million. The company shall not be entitled to submit a drawdown request sooner than ten Trading Days from the end of previous funding of a drawdown request. The right to drawdown under the facility is subject to various additional conditions.
The purchase price of China Sun’s common stock shall be equal to 85 percent of the lowest closing best bid price of the company’s common stock during a five-trading day period following a drawdown request. If share prices to be issued on any drawdown are less than $0.80, as calculated, then funding under the drawdown request will not occur.
China Sun said it will use the funds received from drawdowns to expand its Lithium Iron Phosphate production lines and advancing research and development of a Power Li-ion battery production business.
For more information visit www.china-sun.cn
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Bin Wang, chairman and CEO of China Sun, said the funding will allow the company to fuel its growth and ramp up its business opportunities.
“This facility provides us with sufficient additional funding to increase production capacity for our existing products and to start research and development work for our potential entry into the Power Li-ion battery business,” Wang stated in the press release. “Going forward, China Sun’s strong internal cash flow, existing cash reserves and this facility provide the resources for the next phase of the company’s growth. Furthermore, we believe that our new equity line providers are highly experienced in the new clean energy sector and will give us additional insight as we increase the scale of our business.”
Per the agreement, China Sun will retain the right, without obligation, to obtain the financing through the issuance of its common stock to the investor in a series of periodic draw downs.
According to the press release: The shares may be sold to the investor during this 12-month period at times and in drawdown amounts, subject to the amount of shares requested for drawdown being (A) at least equal to the value of 100 percent of the average daily volume (U.S. market only) of the company’s common stock for the Ten (10) Trading Days prior to the applicable date of the drawdown request; provided, however, that the amount requested for drawdown shall not be less than $200,000, or (B) up to $2 million. The company shall not be entitled to submit a drawdown request sooner than ten Trading Days from the end of previous funding of a drawdown request. The right to drawdown under the facility is subject to various additional conditions.
The purchase price of China Sun’s common stock shall be equal to 85 percent of the lowest closing best bid price of the company’s common stock during a five-trading day period following a drawdown request. If share prices to be issued on any drawdown are less than $0.80, as calculated, then funding under the drawdown request will not occur.
China Sun said it will use the funds received from drawdowns to expand its Lithium Iron Phosphate production lines and advancing research and development of a Power Li-ion battery production business.
For more information visit www.china-sun.cn
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Kingtone Wirelessinfo Solution Holding Ltd. (KONE) to Launch Upgraded 3G Mobile-Video Server
Kingtone Wirelessinfo Solution Holding Ltd. is a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations.
The company recently developed an upgraded 3G Mobile-Video Server and said it plans on launching the product next month to answer a growing market demand for portable video servers.
The Mobile-Video Servers rely on a more advanced DSP (Digital Signal Processing) technology, and allows for a fully digital audio/video data transmission, a multi-media application, and a 24/7 remote monitor function through the network. Additionally, the second generation servers are smaller and thinner, and offer better battery life and bigger capacity than first-generation models.
Peng Zhang, CEO of Kingtone, highlighted the applications of the upgraded Mobile-Video Server, and said its flexibility reflects the company’s strong research and development efforts.
“We are very proud of this innovative mobile video server, which is more user-friendly and can be widely used by the police, emergency response crews and news agencies, our existing customer groups. This is a testament to the strength of our research & development capabilities and it will allow us to move into new customer groups who require a better centralized control with a wider scope of operations,” Zhang stated in the press release. “Investment in research remains a priority in order to develop innovative technology that satisfies our customers’ needs for efficiency and effectiveness and improve the versatility of our product lines.”
For more information visit www.kingtoneinfo.com
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The company recently developed an upgraded 3G Mobile-Video Server and said it plans on launching the product next month to answer a growing market demand for portable video servers.
The Mobile-Video Servers rely on a more advanced DSP (Digital Signal Processing) technology, and allows for a fully digital audio/video data transmission, a multi-media application, and a 24/7 remote monitor function through the network. Additionally, the second generation servers are smaller and thinner, and offer better battery life and bigger capacity than first-generation models.
Peng Zhang, CEO of Kingtone, highlighted the applications of the upgraded Mobile-Video Server, and said its flexibility reflects the company’s strong research and development efforts.
“We are very proud of this innovative mobile video server, which is more user-friendly and can be widely used by the police, emergency response crews and news agencies, our existing customer groups. This is a testament to the strength of our research & development capabilities and it will allow us to move into new customer groups who require a better centralized control with a wider scope of operations,” Zhang stated in the press release. “Investment in research remains a priority in order to develop innovative technology that satisfies our customers’ needs for efficiency and effectiveness and improve the versatility of our product lines.”
For more information visit www.kingtoneinfo.com
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Experienced Financial Executive Joins Hythiam, Inc. (HYTM.OB) as Chief Financial Officer
Hythiam Inc., through its Catasys subsidiary, provides specialized behavioral health management services to health plans, employers and unions through a network of licensed and company-managed health care providers. However, Hythiam does not practice medicine or manufacture, distribute or sell any sort of medications.
The company’s Catasys substance dependence program was designed to address substance dependence as a chronic disease. The program seeks to lower costs and improve member health through the delivery of integrated medical and psychosocial interventions in combination with long-term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence.
Hythiam announced today that financial executive Peter Donato has joined the company as its chief financial officer. Mr. Donato brings nearly 20 years of professional experience to the company. Prior to joining Hythiam, he was chief financial officer at IRIS International, a publicly traded medical diagnostics company. Before his time at IRIS, Mr. Donato was also the chief financial officer at a medical imaging company.
Over Mr. Donato’s career, which includes stints at Ernst & Young, Accellent, Scotts-Miracle Gro, Honda and General Motors, he had a wide range of duties and experience. Mr. Donato has been responsible for rebuilding and managing finance and accounting departments, managing all aspects of SEC reporting and Sarbanes-Oxley compliance, running IT departments, and performing complex financial analysis to enhance operational efficiency and improve revenue and cost savings.
The COO of Hythiam, Rick Anderson, said, “His addition will allow us to better manage the increasing operational demands from current contracts and additional anticipated future contacts.” For more information on Hythiam, please visit its website at www.hythiam.com.
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The company’s Catasys substance dependence program was designed to address substance dependence as a chronic disease. The program seeks to lower costs and improve member health through the delivery of integrated medical and psychosocial interventions in combination with long-term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence.
Hythiam announced today that financial executive Peter Donato has joined the company as its chief financial officer. Mr. Donato brings nearly 20 years of professional experience to the company. Prior to joining Hythiam, he was chief financial officer at IRIS International, a publicly traded medical diagnostics company. Before his time at IRIS, Mr. Donato was also the chief financial officer at a medical imaging company.
Over Mr. Donato’s career, which includes stints at Ernst & Young, Accellent, Scotts-Miracle Gro, Honda and General Motors, he had a wide range of duties and experience. Mr. Donato has been responsible for rebuilding and managing finance and accounting departments, managing all aspects of SEC reporting and Sarbanes-Oxley compliance, running IT departments, and performing complex financial analysis to enhance operational efficiency and improve revenue and cost savings.
The COO of Hythiam, Rick Anderson, said, “His addition will allow us to better manage the increasing operational demands from current contracts and additional anticipated future contacts.” For more information on Hythiam, please visit its website at www.hythiam.com.
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Cord Blood America, Inc. (CBAI.OB) Announces $50k Guarantee
Cord Blood America is a company that continues to separate themselves from the competition. Located in Las Vegas, Nevada, Cord Blood is the parent company of the popular CorCell which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Cord Blood has the mission of evolving into the most respected stem cell preservation company in the industry. Today, Cord Blood took a major step towards achieving that goal.
Cord Blood America made news with the announcement of a $50,000 Quality Service Guarantee. The Guarantee will pay the owner of the umbilical cord blood stem cells $50,000 if the stored stem cells are used in a hematopoietic stem cell transplant and the stem cells fail to engraft. This Guarantee is one-of-a-kind and is helping the company to stand out even further.
Leading the way at Cord Blood is Matthew L. Schissler who serves as the company’s Chairman and CEO. When asked about the Guarantee, Schissler was quoted as saying, “The funds would defray the cost of procurement of an alternative stem cell source, if medically indicated. We take our responsibility for your child’s cord blood very seriously. Our commitment to stand behind our service is never more important than if the time comes for a family to use the cord blood they have entrusted us to store.”
To go along with the news of the Guarantee, Cord Blood announced that case managers across the nation can now receive credit for the continuing education program offer by the company on the value of cord blood collection as a potentially life-saving resource for treating diseases. When asked about the continuing education program and its value to the company, Schissler stated, “Case managers, like nurses, need to take advantage of mandatory continuing education programs. Educating key people in the medical community on the enormous potential of stem cell storage will, we believe, pay significant dividends for our Company.”
To learn more about Cord Blood America, visit: www.cordblood-america.com.
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Cord Blood America made news with the announcement of a $50,000 Quality Service Guarantee. The Guarantee will pay the owner of the umbilical cord blood stem cells $50,000 if the stored stem cells are used in a hematopoietic stem cell transplant and the stem cells fail to engraft. This Guarantee is one-of-a-kind and is helping the company to stand out even further.
Leading the way at Cord Blood is Matthew L. Schissler who serves as the company’s Chairman and CEO. When asked about the Guarantee, Schissler was quoted as saying, “The funds would defray the cost of procurement of an alternative stem cell source, if medically indicated. We take our responsibility for your child’s cord blood very seriously. Our commitment to stand behind our service is never more important than if the time comes for a family to use the cord blood they have entrusted us to store.”
To go along with the news of the Guarantee, Cord Blood announced that case managers across the nation can now receive credit for the continuing education program offer by the company on the value of cord blood collection as a potentially life-saving resource for treating diseases. When asked about the continuing education program and its value to the company, Schissler stated, “Case managers, like nurses, need to take advantage of mandatory continuing education programs. Educating key people in the medical community on the enormous potential of stem cell storage will, we believe, pay significant dividends for our Company.”
To learn more about Cord Blood America, visit: www.cordblood-america.com.
About QualityStocks:
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American Jianye Greentech Holdings (AJGH.OB) Announces Record Income
American Jianye Greentech Holdings, a leading producer and distributor of alcohol-based automobile and civil use fuels, located in China, today announced a 138% increase in sequential sales, along with a record net income of $2.1 million, or $0.07 per share, for the second quarter ended June 30, 2010.
• Revenue – The company reported revenue of $22.9 million for the second quarter, versus $9.6 million for the first quarter 2010, and $0.0 for the second quarter of 2009.
• Gross Profit – The company reported gross profit of $2.9 million for the second quarter, versus $1.5 million for the first quarter of 2010, and $0.0 for the second quarter of 2009.
• Operating Income – The company reported operating income of $2.9 million for the second quarter, versus $1.4 million for the first quarter of 2010, and $0.0 for the second quarter of 2009.
• Net Income – The company reported net income of $2.1 million ($0.07 per share) for the second quarter, versus $1.1 million ($0.03 per share) for the first quarter of 2010, and $0.0 for the second quarter of 2009.
Company Chairman and CEO, Mr. Haipeng Wang, commented on the developments behind the numbers. “We are extremely pleased to announce record revenue and net income for the second quarter of 2010. Our revenue increased sequentially by 138% versus the first quarter of 2010. We attribute this improvement to our expanded sales and marketing initiatives and growing demand for methanol-based and ethanol-based fuels. Our alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. Additionally, due to the lower costs of the raw materials used in the manufacturing process, the cost of these fuels is, on average, about 20-30% less than comparable unleaded gasoline in China.”
He also spoke of the future of alcohol fuels in China, and worldwide, and indicated plans for company growth. “Overall, we see demand for these fuels continuing to increase as China encourages the use of alcohol fuel as a substitute for gasoline. It is estimated that by 2010 the annual production capacity of domestic alcohol-based automobile fuel in China will reach 2 million tons. In China alone, there are approximately 35 million cars on the road today and experts predict that number will reach 120 million by 2020. At the same time, worldwide demand for alcohol fuel is increasing, due to the limited supply and the high costs of gasoline. We believe we are extremely well positioned to capitalize on these trends due to our strong industry relationships and established distribution channels. This fact is best illustrated by our growth from a startup in 2009 to now generating over $30 million of sales in the first 6 months of this year alone.”
“The next phase of our growth entails not only distributing, but also manufacturing alcohol-based fuels. Our plan is to construct fuel producing facilities in Tieling City, Liaoning Province and another in the Guangxi Zhuang Autonomous Region of Southern China. As a vertically integrated manufacturer and distributor, we believe we can further reduce the cost of these fuels and provide an even more compelling value proposition for the end customer. We look forward to providing regular updates to our shareholders regarding this strategy in the coming months.”
Additional information about the company is available at: www.AmericanJianyeGroup.com.
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• Revenue – The company reported revenue of $22.9 million for the second quarter, versus $9.6 million for the first quarter 2010, and $0.0 for the second quarter of 2009.
• Gross Profit – The company reported gross profit of $2.9 million for the second quarter, versus $1.5 million for the first quarter of 2010, and $0.0 for the second quarter of 2009.
• Operating Income – The company reported operating income of $2.9 million for the second quarter, versus $1.4 million for the first quarter of 2010, and $0.0 for the second quarter of 2009.
• Net Income – The company reported net income of $2.1 million ($0.07 per share) for the second quarter, versus $1.1 million ($0.03 per share) for the first quarter of 2010, and $0.0 for the second quarter of 2009.
Company Chairman and CEO, Mr. Haipeng Wang, commented on the developments behind the numbers. “We are extremely pleased to announce record revenue and net income for the second quarter of 2010. Our revenue increased sequentially by 138% versus the first quarter of 2010. We attribute this improvement to our expanded sales and marketing initiatives and growing demand for methanol-based and ethanol-based fuels. Our alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. Additionally, due to the lower costs of the raw materials used in the manufacturing process, the cost of these fuels is, on average, about 20-30% less than comparable unleaded gasoline in China.”
He also spoke of the future of alcohol fuels in China, and worldwide, and indicated plans for company growth. “Overall, we see demand for these fuels continuing to increase as China encourages the use of alcohol fuel as a substitute for gasoline. It is estimated that by 2010 the annual production capacity of domestic alcohol-based automobile fuel in China will reach 2 million tons. In China alone, there are approximately 35 million cars on the road today and experts predict that number will reach 120 million by 2020. At the same time, worldwide demand for alcohol fuel is increasing, due to the limited supply and the high costs of gasoline. We believe we are extremely well positioned to capitalize on these trends due to our strong industry relationships and established distribution channels. This fact is best illustrated by our growth from a startup in 2009 to now generating over $30 million of sales in the first 6 months of this year alone.”
“The next phase of our growth entails not only distributing, but also manufacturing alcohol-based fuels. Our plan is to construct fuel producing facilities in Tieling City, Liaoning Province and another in the Guangxi Zhuang Autonomous Region of Southern China. As a vertically integrated manufacturer and distributor, we believe we can further reduce the cost of these fuels and provide an even more compelling value proposition for the end customer. We look forward to providing regular updates to our shareholders regarding this strategy in the coming months.”
Additional information about the company is available at: www.AmericanJianyeGroup.com.
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Morgan Creek Energy Corp. (MCKE) Signs Deal to Purchase Mississippi Oil and Gas Properties
Morgan Creek Energy Corp. announced that the company has signed a contract to acquire 21,000 net acres of oil and gas leases in the southern United States.
Morgan Creek Energy Corp. reported that the oil and gas leases are located in Mississippi in Lamar, Forrest and Jones Counties. Morgan Creek Energy Corp. said that the company would be developing multiple formations on the newly acquired acreage in Mississippi including the Eutaw, Haynesville and Tuscaloosa zones.
Morgan Creek Energy Corp. is purchasing the oil and gas leases from the Westrock Land Corp., which has warranted that the company has clear title to all formations underlying the acreage. Morgan Creek Energy Corp. will issue 15 million shares of the company’s common stock to the Westrock Land Corp. in exchange for the mineral leases. The shares are payable to the seller on November 30, 2010.
Morgan Creek Energy Corp. is an oil and gas exploration and production company focused on the United States. Aside from the newly acquired Mississippi properties, the company has properties prospective for the San Andres formation in the Permian Basin. Morgan Creek Energy Corp. also has properties in Oklahoma where the company is developing two separate zones of the Morrow Sands.
For more information on the company, go to www.morgancreekenergy.com
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Morgan Creek Energy Corp. reported that the oil and gas leases are located in Mississippi in Lamar, Forrest and Jones Counties. Morgan Creek Energy Corp. said that the company would be developing multiple formations on the newly acquired acreage in Mississippi including the Eutaw, Haynesville and Tuscaloosa zones.
Morgan Creek Energy Corp. is purchasing the oil and gas leases from the Westrock Land Corp., which has warranted that the company has clear title to all formations underlying the acreage. Morgan Creek Energy Corp. will issue 15 million shares of the company’s common stock to the Westrock Land Corp. in exchange for the mineral leases. The shares are payable to the seller on November 30, 2010.
Morgan Creek Energy Corp. is an oil and gas exploration and production company focused on the United States. Aside from the newly acquired Mississippi properties, the company has properties prospective for the San Andres formation in the Permian Basin. Morgan Creek Energy Corp. also has properties in Oklahoma where the company is developing two separate zones of the Morrow Sands.
For more information on the company, go to www.morgancreekenergy.com
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Synergy Resources Corp. (SYRG) Completes Oil and Gas Drilling Program
Synergy Resources Corp. reported that the company has completed the final well in its oil and gas exploration and development program. The drilling program had a 100% success rate.
Synergy Resources Corporation said that twenty-two of the wells have been completed, and the other fourteen wells are in the process of being completed by the company and should be producing by the middle of September 2010.
The oil and gas exploration and development program conducted by Synergy Resources Corporation was spread across several different basins and formation, with a concentration in the Niobrara, Codell and J-Sand.
Synergy Resources Corporation reported that the first sixteen wells put onto production through the end of June 2010 have produced a cumulative 61,075 barrels of oil equivalents (BOE). The production was a mix of oil and natural gas.
Synergy Resources Corporation drilled and completed seven Meyer wells as part of the program. The Meyer #2 and #4 wells were the final two wells drilled and produced at a rate of 26 and 40 BOE per day, respectively, during an initial test period.
Synergy Resources Corporation is an oil and gas exploration and production company focused on the Denver Julesburg Basin in Colorado, Wyoming and Kansas. The basin has been producing since 1901.
For more information on the company, go to www.synergyresourcescorporation.com
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Synergy Resources Corporation said that twenty-two of the wells have been completed, and the other fourteen wells are in the process of being completed by the company and should be producing by the middle of September 2010.
The oil and gas exploration and development program conducted by Synergy Resources Corporation was spread across several different basins and formation, with a concentration in the Niobrara, Codell and J-Sand.
Synergy Resources Corporation reported that the first sixteen wells put onto production through the end of June 2010 have produced a cumulative 61,075 barrels of oil equivalents (BOE). The production was a mix of oil and natural gas.
Synergy Resources Corporation drilled and completed seven Meyer wells as part of the program. The Meyer #2 and #4 wells were the final two wells drilled and produced at a rate of 26 and 40 BOE per day, respectively, during an initial test period.
Synergy Resources Corporation is an oil and gas exploration and production company focused on the Denver Julesburg Basin in Colorado, Wyoming and Kansas. The basin has been producing since 1901.
For more information on the company, go to www.synergyresourcescorporation.com
About QualityStocks:
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Bank of Southern California (FBBN.OB) to Acquire Two Branch Offices
Bank of Southern California and Palm Desert National Bank announced that they have signed a definitive agreement for Bank of Southern California to acquire two branch offices from Palm Desert National Bank (PDNB). The expectation is that the transaction will close by mid October 2010, pending regulatory approvals.
The offices being acquired are the Palm Springs office, located at 333 N. Palm Canyon Drive, Suite 102, in Palm Springs, and the La Quinta office at 47-000 Washington Street in La Quinta. Bank of Southern California plans to retain the employees who currently work in those offices.
Upon completion of the transaction, Palm Desert National Bank will continue to operate their Palm Desert office, located at 73-745 El Paseo. The bank had $237.5 million in assets as of June 30, 2010. Palm Desert National Bank is a locally owned and independent bank, a wholly owned subsidiary of Palm Desert Investments. Palm Desert National Bank is a nationally chartered financial institution. They are also home to Electronic Banking Solutions (EBS), a division that was established in 1994 with a mission to provide premier electronic banking services throughout the U.S. for a variety of product line services.
Bank of Southern California had $127.3 million in assets as of June 30, 2010. They operate offices in Del Mar, Carlsbad, Ramona and Downtown San Diego.
Nathan Rogge, President and Chief Executive Officer of Bank of Southern California, said, “This acquisition is consistent with our plans to continue to expand the bank’s footprint within San Diego County and beyond. We are excited about the economic opportunities in the Coachella Valley and believe the region has a bright future as the economy recovers. Palm Desert National Bank shares our commitment to high quality service and our focus on the business and professional banking markets. We plan to work closely with them to ensure a smooth transition as we establish new business relationships and grow in this market.”
Gary Lewis Evans, President and Chief Executive Officer of Palm Desert National Bank, stated, “This asset sale strengthens our capital position as we continue to serve our long-time clients. Clients in this region have relied on our bank for over 28 years, and we look forward to serving their needs with exceptional products and services from our flagship office in Palm Desert for many years to come.”
Headquartered in San Diego, California, Bank of Southern California is locally owned and managed. Established in 2001, their commitment is to meeting the financial needs of small and medium-sized companies that make up Southern California’s business community. Bank of Southern California remains one of the strongest, best-capitalized banks in Southern California, with a growing asset base and loan portfolio.
For more information visit: www.banksocal.com
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The offices being acquired are the Palm Springs office, located at 333 N. Palm Canyon Drive, Suite 102, in Palm Springs, and the La Quinta office at 47-000 Washington Street in La Quinta. Bank of Southern California plans to retain the employees who currently work in those offices.
Upon completion of the transaction, Palm Desert National Bank will continue to operate their Palm Desert office, located at 73-745 El Paseo. The bank had $237.5 million in assets as of June 30, 2010. Palm Desert National Bank is a locally owned and independent bank, a wholly owned subsidiary of Palm Desert Investments. Palm Desert National Bank is a nationally chartered financial institution. They are also home to Electronic Banking Solutions (EBS), a division that was established in 1994 with a mission to provide premier electronic banking services throughout the U.S. for a variety of product line services.
Bank of Southern California had $127.3 million in assets as of June 30, 2010. They operate offices in Del Mar, Carlsbad, Ramona and Downtown San Diego.
Nathan Rogge, President and Chief Executive Officer of Bank of Southern California, said, “This acquisition is consistent with our plans to continue to expand the bank’s footprint within San Diego County and beyond. We are excited about the economic opportunities in the Coachella Valley and believe the region has a bright future as the economy recovers. Palm Desert National Bank shares our commitment to high quality service and our focus on the business and professional banking markets. We plan to work closely with them to ensure a smooth transition as we establish new business relationships and grow in this market.”
Gary Lewis Evans, President and Chief Executive Officer of Palm Desert National Bank, stated, “This asset sale strengthens our capital position as we continue to serve our long-time clients. Clients in this region have relied on our bank for over 28 years, and we look forward to serving their needs with exceptional products and services from our flagship office in Palm Desert for many years to come.”
Headquartered in San Diego, California, Bank of Southern California is locally owned and managed. Established in 2001, their commitment is to meeting the financial needs of small and medium-sized companies that make up Southern California’s business community. Bank of Southern California remains one of the strongest, best-capitalized banks in Southern California, with a growing asset base and loan portfolio.
For more information visit: www.banksocal.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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