Stocks Move Higher Amid Better-than-Expected Jobless Claims Report
Submitted by SmallCapVoice.com
Stocks extended a rally into a third day as investors welcome a report that first-time jobless claims fell more than expected last week.
Mixed reports Thursday from retailers on June sales results have helped boost some individual stocks, but did not widely affect the market.
The Labor Department said initial jobless claims fell to their lowest levels since early May. Initial claims fell to a seasonally adjusted 454,000 last week, better than the 465,000 economists polled by Thomson Reuters had forecast.
The drop in claims, at least temporarily, reverses a trend of disappointing jobs reports that had sent stocks lower in recent weeks. Before a stock surge over the past two days, investors had regularly sold off stocks in recent weeks because of economic reports that showed the economy is growing, but not as fast as had been predicted.
Continued high unemployment has dragged down consumer confidence, which in turn has slowed spending. Consumer spending accounts for the bulk of economic activity. Without a rebound in jobs and sales, the economy is likely to continue to post only modest growth.
Reports from retailers indicated June sales were mixed. Limited Brands Inc., which owns Victoria’s Secret and Bath & Body Works, reported sales that topped expectations. Many teen retailers saw a drop in sales last month, including Hot Topic Inc. and The Wet Seal Inc.
In early morning trading, the Dow Jones industrial average rose 77.72, or 0.8 percent, to 10,096.00. The Standard & Poor’s 500 index rose 7.91, or 0.8 percent, to 1,068.18, while the Nasdaq composite index rose 17.25, or 0.8 percent, to 2,176.72.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 23% on trading volume of 12,950 shares.
Tootie Pie Partners with Kraft Foods
Jul. 8, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that it has entered into a partnership with Kraft Foods for the upcoming holiday season. The two companies will co-market Tootie Pie with Kraft’s Cool Whip.
“There is probably no more recognizable, high-quality food brand than Kraft Foods,” said Don Merrill, President & CEO. “We are proud and excited that Kraft recognizes the value of having its Cool Whip product featured alongside Tootie Pie.”
Today’s SmallCapVoice.com Hot Stock to Watch:
Concordis Group, Inc. (Pink Sheets: CNGI)
Concordis Group, Inc. Joins Captive Insurance Companies Association
DESTIN, Fla., July 8 /PRNewswire-FirstCall/ — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced it has become a member of the Captive Insurance Companies Association (CICA). CICA is the only domicile-neutral captive insurance association, free from jurisdictional or commercial ties since it is not linked with a domicile or government entity.
CICA members have an average of 2.5 captives per member. These captives most commonly write workers’ compensation and property/casualty lines, but have also diversified into areas such as product liability and employee benefits. Others have diversified into a substantial amount of related outside business and view their captives as important cost-savings mechanisms.
Other Small Cap News
Ballantyne Strong, Inc. (NYSE Amex: BTN)
Ballantyne Strong Secures New Order for 60 NEC Digital Cinema Projectors in China
Adds to Growing Asian Focus With Opening of Shanghai Office
BEIJING & SHANGHAI, CHINA & OMAHA, Neb.–(BUSINESS WIRE)–Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, announced today that it has received a new order to provide 60 NEC digital cinema projectors to Beijing SunWah World Management Co., Ltd, China for theatres located throughout the People’s Republic of China (PRC). Initial projector shipments are expected to commence in Q3 ‘10, with the order slated for completion by early 2011.
Nymox Pharmaceutical Corporation (Nasdaq: NYMX)
Nymox Reports Positive New Clinical Trial Data on Improvement in Key Symptom in Patients on NX-1207 Drug for Prostate Enlargement
Urinary Urgency Symptoms in Patients Reduced by 52%
HASBROUCK HEIGHTS, N.J., July 7, 2010 (GLOBE NEWSWIRE) — Nymox Pharmaceutical Corporation (Nasdaq:NYMX) reported today positive new results from pooled analysis of completed clinical trials of NX-1207, the Company’s investigational drug for BPH. The trial data shows that patients receiving NX-1207 recorded significant quantitative improvement in the important symptom of urgent need to urinate. Compared to baseline, symptoms of urgency to urinate were reduced by 52% at 90 days after a single treatment with NX-1207, and this improvement was statistically significant compared to double-blinded placebo control patients (p<.003).
Frequency Electronics, Inc. (Nasdaq: FEIM)
Frequency Electronics Awarded $5 Million in Low G DOD Contracts
MITCHEL FIELD, N.Y., July 7, 2010 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (Nasdaq:FEIM) has been awarded two contracts totaling approximately $5 million in follow-up production requirements for an ongoing Department of Defense (DOD) program previously under development and pilot production contracts at Frequency. Product delivery is required to be completed within 12 to 18 months.
Integral Systems, Inc. (Nasdaq: ISYS)
Integral Systems wins $14M contract modification
Integral Systems wins $14 million contract modification for satellite project
COLUMBIA, Md. (AP) — Satellite systems maker Integral Systems Inc. on Wednesday said it has won a $14.2 million modification to a U.S. Air Force contract. The change is to a contract first awarded in early 2002 for a command and control project of the Air Force’s Space and Missile Systems Center. Under the modification, Integral Systems will continue providing its EPOCH integrated product suite to simplify operations through the consolidation of satellite ground systems.
CVD Equipment Corporation (Nasdaq: CVV)
CVD Equipment Corporation 2010 Orders Increase by 70%
RONKONKOMA, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation (Nasdaq: CVV) announced that it received over $6.0 million in new orders during the three (3) months ended June 30, 2010 and approximately $9.3 million in new orders for the six (6) months ended June 30, 2010. This surpasses the $2.8 and $5.5 million of new orders received during the three (3) and six (6) months ended June 30, 2009 by 125% and 70% respectively. The orders received during this period also exceeded all January through June periods in the history of CVD.
RegeneRx Biopharmaceuticals, Inc. (NYSE Amex: RGN)
RegeneRx Awarded Australian Patent for New TB4 Applications
ROCKVILLE, Md.–(BUSINESS WIRE)–RegeneRx Biopharmaceuticals, Inc. (NYSE Amex: RGN) (the “Company” or “RegeneRx”) today announced it has received Notice of Acceptance from the Australian patent office for the use of Thymosin beta 4 (Tß4), its analogues, isoforms and other derivatives in the treatment of infections and inflammatory disorders including colitis, ileitis, gastrointestinal ulcers and gingivitis, among others. The patent expires in 2023. This is one of several patents the Company has been granted in Australia related to its technology and drug candidates.
Dejour Enterprises Ltd. (NYSE Amex: DEJ)
Dejour Announces Strong June 2010 Production Results
Credit Facility Expansion Augments Q3 Drilling Capital
CALGARY, Alberta–(BUSINESS WIRE)–Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) (“Dejour”), a high growth oil and natural gas company operating multiple exploration and production projects in Northeastern British Columbia and Western Colorado, today announces high volume crude oil and natural gas output in June from the Company’s Woodrush Project located in the Peace River Arch in British Columbia, Canada.
Ballantyne Strong, Inc. (NYSE Amex: BTN)
Ballantyne Strong Secures $20 Million Revolving Credit Facility with Wells Fargo
OMAHA, Neb.–(BUSINESS WIRE)–Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, announced today that it has entered into a $20 million, one-year Revolving Credit Agreement and Note (collectively, the “Credit Facility”) with Wells Fargo Bank, N.A. Borrowings under the Credit Facility, which bear interest at a rate of LIBOR plus 125 basis points, will be primarily used for working capital and other general corporate purposes. The Credit facility expires June 30, 2011 and is secured by Ballantyne’s accounts receivable, general intangibles and inventory. The Credit Facility contains certain covenants and restrictions pertaining to the operations of the Company.
PhotoMedex, Inc. (Nasdaq: PHMD)
PhotoMedex Receives Purchase Order from Its Middle East Distributor for Seventy-Five XTRAC® Laser Systems
MONTGOMERYVILLE, Pa.–(BUSINESS WIRE)–PhotoMedex, Inc. (Nasdaq:PHMD) announced that the Company has received from AMICO Group, its distributor in the Middle East, a multi-million dollar order to purchase XTRAC laser systems that will be installed in hospitals throughout the Kingdom of Saudi Arabia. The order includes customary terms and conditions, including advanced payments and letters of credit covering the purchase order. Delivery is expected to be in the third and fourth quarters of this year. GlobalMed Technologies, the Company’s master distribution partner, will facilitate the logistics associated with the deployment of the XTRAC systems under the purchase order, throughout the Saudi market.
About SmallCapVoice.comSmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Rally Despite a Slowdown in the Service Sector
Submitted by SmallCapVoice.com
U.S. stocks rose on Tuesday, led by financial and technology shares, even though data showed U.S. non-manufacturing activity grew at a slower rate than expected in June.
An industry trade group says the service sector grew more slowly in June, yet another sign growth could weaken in the second half of 2010.
The Institute for Supply Management, a trade group of purchasing executives, says its index tracking service-oriented companies dipped to 53.8 last month from 55.4 in May.
A reading above 50 indicates expansion. Economists polled by Thomson Reuters expected a reading of 55.0 for June.
A robust service sector, which accounts for about 80 percent of U.S. employment, is crucial to keeping the economy growing and adding jobs.
ISM also says employers’ plans to hire declined in June after growing in May for the first time in 28 months.
The Dow Jones industrial average rose 147.36 points, or 1.52 percent, to 9,833.84. The Standard & Poor’s 500 Index jumped 16.86 points, or 1.65 percent, to 1,039.44. The Nasdaq Composite Index climbed 38.40 points, or 1.84 percent, to 2,130.19.
Yesterday’s Top Performing Small Cap Stock:
VizStar, Inc. (OTCBB: VIZS)
VizStar, Inc. was a SmallCapVoice.com top performer closing up over 34% on trading volume of 108,444 shares.
VizStar, Inc. President and CEO Highlighted as a Featured Guest on Mind Your Own Business (MYOB) Radio Show
Jul. 6, 2010 (Business Wire) — VizStar, Inc. (OTCBB: VIZS), an upscale aviation charter transportation broker, today announces that VizStar, Inc. President and CEO Gary Clyburn Jr. was recently featured on the MYOB (Mind Your Own Business) Radio Show with longtime entrepreneurs Rick Brutti and Jeffrey Davis.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
A New Audio Interview with Don Merrill, President and CEO of Tootie Pie Company, is now at SmallCapVoice.com
Jul. 6, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Tootie Pie Company, Inc. (OTCBB: TOOT), a premium baker and seller of high-quality, handmade pies, is now available. The interview can be heard at http://smallcapvoice.com/blog/7-2-10-audio-interview-with-tootie-pie-company-otcbb-toot/.
Other Small Cap News
FuelCell Energy, Inc. (Nasdaq: FCEL)
FuelCell Energy to Supply Fuel Cell Stacking and Conditioning Equipment to POSCO Power for Manufacturing Facilities
POSCO Power Orders DFC300 Fuel Cell Power Plant to Develop Applications for Emergency Power
DANBURY, Conn., July 6, 2010 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq:FCEL) a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers today announced a contract to procure fuel cell stack module assembly and conditioning equipment to sell to POSCO Power, the Company’s South Korean partner. This contract demonstrates POSCO Power’s continued investment in fuel cell production capacity to capitalize on the demand for ultra-clean and highly efficient power generation in South Korea centered on the Company’s Direct FuelCell(R) products. FuelCell Energy also announced that under a separate contract, POSCO Power has ordered a 300 kilowatt DFC 300MA fuel cell power plant.
Aastrom Biosciences, Inc. (Nasdaq: ASTM)
Aastrom to Pursue Phase 3 Clinical Program in CLI
ANN ARBOR, Mich., July 6, 2010 (GLOBE NEWSWIRE) — Aastrom Biosciences, Inc. (Nasdaq:ASTM), the leading developer of autologous cellular therapies for the treatment of severe cardiovascular diseases, today announced that the company will pursue a Phase 3 clinical program for its autologous cell therapy for the treatment of critical limb ischemia (CLI) through the U.S. Food and Drug Administration’s special protocol assessment (SPA) process. Aastrom is currently completing a Phase 2b clinical trial of its cell therapy in patients with CLI and recently met with FDA officials to discuss plans for the Phase 3 program.
Entrée Gold Inc. (NYSE Amex: EGI)
Entrée Gold receives new coal mining licence, Mongolia
VANCOUVER, July 6 /PRNewswire-FirstCall/ - Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA - “Entrée” or the “Company”) has received a mining licence covering its Nomkhon Bohr coal discovery, outlined through exploration efforts in 2008-2009. The new mining licence comprises approximately 14,030 hectares and covers the northwest corner of the former Togoot exploration licence. The portion of the property included in the mining licence is mainly underlain by Permian sediments which are known to host rich coal deposits in this part of the Gobi Desert.
Curis, Inc. (Nasdaq: CRIS)
Curis Achieves Phase I Milestone Under Hsp90 Collaboration with Debiopharm
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Curis, Inc. (NASDAQ: CRIS) announced today that its licensee Debiopharm S.A. (“Debiopharm”) has treated the fifth patient in its ongoing Phase I clinical trial for small molecule heat shock protein 90 (Hsp90) inhibitor Debio 0932, formerly called CUDC-305. Under the terms of the August 2009 license agreement between Curis and Debiopharm, Curis will receive a $3 million milestone payment from Debiopharm for the achievement of this development objective.
Aurizon Mines (NYSE Amex: AZK)
Aurizon and Niogold enter into agreement to advance the Marban Block property, Quebec
“We are pleased to enter into this agreement with Niogold for the exploration of the Marban Block.” said David Hall, Aurizon’s CEO. “This is a continuation of our strategy to assemble a portfolio of exploration properties, at various stages of development, to complement our Casa Berardi and Joanna projects and to provide a strong pipeline for future growth.”
Arena Pharmaceuticals, Inc. (Nasdaq: ARNA)
Arena Makes Deal On Obesity Drug
Japan-based Eisai will market the weight management treatment in the U.S. once it gets FDA approval.
Arena Pharmaceuticals said today Japan-based Eisai will market the obesity and weight management drug lorcaserin in the US once it receives Food and Drug Administration approval.
Lucas Energy, Inc. (NYSE Amex: LEI)
Lucas Energy Announces Closing Part II of Eagle Ford Shale Joint Venture
HOUSTON, July 2, 2010 (GLOBE NEWSWIRE) — Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the “Company”) based in Houston, Texas, today announced that the Company has closed the second part of its Eagle Ford joint venture with Hilcorp Energy I, L.P., an affiliate of Hilcorp Energy Company, one of the largest privately owned oil and gas companies in the United States. Hilcorp Energy I, L.P. has acquired interests in additional leases in the Company’s Eagle Ford acreage in Gonzales County, Texas. Additional Eagle Ford properties will be part of a third closing that is expected to take place by the end of July. To date, Lucas has received $8.9 million for an 85% working interest in approximately 10,500 acres in Gonzales County, Texas.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Flat After Weak Jobs Report
Submitted by SmallCapVoice.com
The stock market is trading in a narrow range after another disappointing report on the jobs market. A report on manufacturing in the Midwest barely topped expectations but also gave stocks some support.
The Dow Jones industrial average fell 4 points, a day after falling 268. The other major indexes were also slightly higher.
Payroll company ADP said private employers added just 13,000 jobs in June. That’s well short of the 60,000 economists polled by Thomson Reuters forecast.
The weaker-than-expected jobs report is the latest in a long string of disappointing economic data that has contributed to the market’s turbulent second-quarter performance. Heading into the final day of June, the Dow is down 9.1 percent for the three-month period. Broader indexes are down 11 percent.
The ADP report is often seen as a precursor to the Labor Department’s big monthly jobs report due out Friday. ADP’s data only includes jobs created by private companies so it can vary widely from the Labor Department data, which also includes government jobs.
Friday’s government report is expected to show employers cut a total of 110,000 jobs in June. However, economists predict the net loss of jobs is tied primarily to the government laying off temporary workers that were hired to work on the 2010 census.
Yesterday’s Top Performing Small Cap Stock:
Sillenger Exploration Corp. (OTCBB: SLGX)
Sillenger Exploration Corp. was a SmallCapVoice.com top performer closing up over 4% on trading volume of 11,500 shares.
Sillenger is a natural resource development company dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration.
The Sillenger CLP Claims Licensing Program® is a turnkey process used in partnership with Governments to improve the way their natural resources are managed. The Company’s Government partners provide a “fast-track” to expediting all necessary permits, licenses, legal, and other bureaucratic documentation and procedures that exploration and extraction companies would require in order to begin their work programs in these countries.
The Company believes there is a strong indication that the Republic of Equatorial Guinea, which is a major offshore oil producer, is potentially rich with gold, diamonds, and other precious resources. The West Africa region hosts a number of major base metals mines extracting copper, zinc, bauxite, and iron ore. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies Secures $15 Million Reserve Equity Financing Facility With AGS Capital Group
NEW YORK, June 29, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, smart logistics, and telemetrics company, today announced it has entered into a definitive agreement with AGS Capital Group, a New York based value fund, to provide investment capital of up to $15 million through a Reserve Equity Financing Facility.
Other Small Cap News
Level 3 Communications, Inc. (Nasdaq: LVLT)
Level 3 to Provide Network Support for MLB.com Media Archive
Level 3 to Provide High-Speed Internet, Colocation Services for MLB.com
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has been selected by MLB.com, the official website of Major League Baseball, to deliver high-speed IP and colocation to support its network, media archive, as well as live and on-demand streaming capabilities.
Agria Corporation (NYSE: GRO)
Agria Provides Update to Its Strategic Review and Reaches Agreement in Principle to Divest P3A
BEIJING–(Marketwire - 06/29/10) - Agria Corporation (NYSE:GRO) (the “Company” or “Agria”), a China-based agriculture company with investments in key agriculture markets of China and New Zealand, today provided an update to its strategic review and announced it has reached an agreement in principle to divest Taiyuan Primalights III Agriculture Development Co., Ltd., or P3A, to Mr. Frank Xue, the president and a director of P3A.
Tegal Corporation (Nasdaq: TGAL)
Tegal Receives Order for Tegal 200 SE Silicon DRIE Process Tool From Leading MEMS Research Center
Customer Selects Tegal Silicon DRIE System for Advanced MEMS Research and Development After Highly Competitive Evaluation Process
PETALUMA, Calif.–(BUSINESS WIRE)–Tegal Corporation, (Nasdaq:TGAL) an innovator of specialized production solutions for the fabrication of advanced MEMS, power ICs and optoelectronic devices, today announced it has received an order for a Tegal 200 SE™ DRIE tool from a leading Asia Pacific-based Research and Development institution investigating MEMS and associated technologies. The Tegal 200 SE DRIE tool will be shipped and installed at the customer’s site later this calendar year.
ON Semiconductor (Nasdaq: ONNN)
ON Semiconductor Receives Celestica’s 2009 Total Cost of Ownership Supplier Award
Award Recognizes ON Semiconductor’s “Execution” in Supporting Celestica’s Supply Chain Sourcing Strategy
PHOENIX–(BUSINESS WIRE)–ON Semiconductor (Nasdaq: ONNN), a premier supplier of high performance, energy efficient silicon solutions for green electronics, has been awarded a 2009 Total Cost of Ownership (TCOOTM) Supplier Award from Celestica, a global leader in the delivery of end-to-end product lifecycle solutions. The awards program recognizes suppliers that support Celestica’s TCOO sourcing strategy to provide its customers with the best possible supply chain solution for their products.
HearUSA, Inc. (NYSE Amex: EAR)
HearUSA Introduces AARP Hearing Care Program for Americans Aged 50+ in Hawaii Today
WEST PALM BEACH, Fla., June 29 /PRNewswire-FirstCall/ — Designed to help millions of Americans aged 50+ who have hearing loss, the AARP Hearing Care program, provided by HearUSA (NYSE Amex:EAR), is being launched in Hawaii today as part of a nationwide rollout.
Vista Gold Corp. (NYSE Amex: VGZ)
Vista Gold Corp. Announces New Exploration Target Discovery at its Mt. Todd Gold Project and Provides Mt. Todd Gold Project Update
DENVER, June 29 /PRNewswire-FirstCall/ — Vista Gold Corp. (”Vista” or the “Company”) (TSX & NYSE Amex Equities: VGZ) announced today the discovery of a new exploration target located on its Exploration Tenements held together with the Mining Leases at the Company’s Mt. Todd gold project in Northern Territory (”NT”), Australia. Vista also provided updates on the progress of a drilling program at the Batman deposit and announced that the Pre-Feasibility Study for the Mt. Todd gold project is nearing completion.
Kodiak Oil & Gas Corp. (NYSE Amex: KOG)
Kodiak Oil & Gas Corp. Provides Interim Operations Update
Secures Pipeline Capacity on Dunn County Leasehold
Kodiak currently operates a two-drilling-rig program in the Williston Basin, with one rig running in Dunn County, N.D. and the second rig drilling ahead in McKenzie County, N.D. The Company also continues to participate in wells drilled by other operators throughout the Williston Basin. Basin-wide, Kodiak currently has four operated wells and three non-operated wells awaiting completion during the second half of 2010.
Response Genetics Inc. (Nasdaq: RGDX)
Response Genetics Launches EML4-ALK Genetic Test in Lung Cancer
Additional Biomarker Associated with Sensitivity to New Generation of Cancer Fighting Agents
LOS ANGELES–(BUSINESS WIRE)–Response Genetics Inc. (Nasdaq: RGDX), a company focused on the development and sale of molecular diagnostic tests for cancer, today announced that it has expanded its ResponseDX: Lung™ genetic test panel to detect the presence of EML4-ALK gene variants in lung cancer patients. EML4-ALK fusion genes are present in about four percent of tumors from patients with non-small cell lung cancer (NSCLC). These rearranged genes promote tumor cell growth and predict lack of benefit from therapies that inhibit EGF receptor (EGFR) activity.
Cerus Corporation (Nasdaq: CERS)
Study Results Presented at International Transfusion Congress Highlight Cerus’ Progress Toward Improving the Safety of Platelets, Plasma and Red Blood Cells
Data Supports Efficacy, Safety, Quality and Feasibility of INTERCEPT Pathogen Inactivation Process
CONCORD, Calif.–(BUSINESS WIRE)–Cerus Corporation (NASDAQ:CERS) announced results of 22 abstracts presenting experiences with the INTERCEPT Blood System for platelets, plasma and red blood cells during the XXXIst International Congress of the International Society for Blood Transfusion in Berlin, Germany held from June 26 to July 1. Studies included data collected in Spain, France, Germany, Italy, Belgium, Sweden, Luxembourg and Scotland, covering a broad range of topics from in vitro results of routine validations to therapeutic efficacy of treated platelets.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Lower on FedEx Warning and Weak Housing Data
Stocks slipped at the open on Wednesday as FedEx warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain’s fiscal problems.
FedEx on Wednesday offered a conservative outlook for its new fiscal year even as strong exports from Asia led to healthy fourth-quarter results.
The forecast for earnings of $4.40 to $5 per share, falls short of analysts’ predictions of $5.05 per share. But it’s the first time the company has issued a full-year forecast since before the recession, indicating growing confidence in the long-term recovery in global trade.
Housing starts fell more than expected in May to a five-month low as a homebuyer tax credit expired while plunging energy costs pushed producer prices lower, buying time for the Federal Reserve to maintain its ultra-low interest rate policy.
New home building dropped 10 percent to a seasonally adjusted annual rate of 593,000 units, the lowest level since December, the Commerce Department said on Wednesday.
The percentage decline was the biggest in 14 months and April’s housing starts were revised down to show a 3.9 percent increase from a previously reported 5.8 percent rise.
Analysts polled by Reuters had expected housing starts to fall to 650,000 units. Compared to May last year, starts were up 7.8 percent.
The Dow Jones industrial average fell 63.63 points, or 0.61 percent, to 10,341.14. The Standard & Poor’s 500 Index lost 7.14 points, or 0.64 percent, to 1,108.09. The Nasdaq Composite Index was off 13.88 points, or 0.60 percent, to 2,292.00.
Yesterday’s Top Performing Small Cap Stock:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 44% on trading volume of 3,600 shares.
TIE Technologies, Inc. and Geocomp Corporation announced that the OilDam(TM) technology and the Trademark Application, patent rights and associated assets are owned in equal parts by TIE Technologies and Geocomp, the team leaders of the OilDam(TM) Emergency Containment Proposal.
An application to register the OilDam(TM) mark has been filed with the United States Patent and Trademark Office, thus it is considered a “pending” application. The overall process, from the time of initial filing to final registration, can take 13-18 months or even longer, depending on many factors; e.g., the Examiner’s preliminary refusal based on technical clarifications, the descriptiveness of the mark and/or a likelihood of confusion with existing third party marks.
TIE Technologies’ revised OilDam(TM) proposal developed in conjunction with Geocomp Corporation has been escalated to final technical engineering review by BP’s Horizon Alternative Response Technology Team and is scheduled for field testing by the BP and U.S. Coast Guard Field Technical Operations Group.
Today’s SmallCapVoice.com Hot Stock to Watch:
Oromin Explorations Ltd. (OTCBB: OLEPF)
Oromin Explorations Ltd.: Update-Santa Rosa Oil and Gas Project
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/16/10 — Oromin Explorations Ltd. (TSX: OLE)(OTCBB: OLEPF) (“Oromin”) is pleased to provide an update on the current status of and plans for its 100% owned Santa Rosa oil & gas concession in the Province of Mendoza, Argentina.
Other Small Cap News
Dataram Corporation (Nasdaq: DRAM)
Strategic Partnering Activities Expanded by Dataram Corporation and Advanced Industrial Computer (AIC)
PRINCETON, N.J.–(BUSINESS WIRE)–Dataram Corporation (NASDAQ: DRAM), a worldwide leader in the manufacture of high-quality computer memory, storage products and software, today announced that it has formally agreed to expand strategic partnering activities with Advanced Industrial Computer (AIC), a leading provider of original equipment and design manufacturer (OEM/ODM) server and storage solutions.
Hemispherx Biopharma, Inc. (NYSE Amex: HEB)
Hemispherx Biopharma Licenses Platform Technologies to GP Pharm
Initial Commercial Target is Chronic Fatigue Syndrome in Latin America
PHILADELPHIA, June 15, 2010 (GLOBE NEWSWIRE) — Hemispherx Biopharma, Inc. (NYSE Amex:HEB) (the “Company” or “Hemispherx”), announced that the Company executed an exclusive revenue sharing Sales, Marketing, Distribution and Supply Agreement for Argentina with GP Pharm Latinoamerica (”GP Pharm”), an affiliate company of Spanish GP Pharm SA (www.gp-pharm.com). Under this Agreement, GP Pharm will be responsible for gaining regulatory approval in Argentina for Ampligen(R), an experimental therapeutic, to treat Chronic Fatigue Syndrome (”CFS”) in Argentina and for commercializing Ampligen(R) for this indication in Argentina.
Blue Dolphin Energy Company (Nasdaq: BDCO)
Blue Dolphin Signs Commitment Letter to Acquire Majority Working Interest in Indonesian Assets
HOUSTON, June 15 /PRNewswire-FirstCall/ — Blue Dolphin Energy Company (Nasdaq:BDCO) (”Blue Dolphin” or the “Company”), an independent oil and gas company with operations in the Gulf of Mexico, announced today that it has signed a commitment letter with Blue Sky Langsa, Ltd. (”Blue Sky”) to acquire 70% working interest in a Technical Assistance Contract for the Langsa area, Offshore Indonesia (the “TAC Langsa”) in a non-cash transaction to be effective June 1, 2010.
Immunomedics, Inc. (Nasdaq: IMMU)
Immunomedics Doses First Patient in Phase I/II Study of Milatuzumab-Doxorubicin Conjugate for Multiple Myeloma Therapy
MORRIS PLAINS, N.J., June 15, 2010 (GLOBE NEWSWIRE) — Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today announced the dosing of the first patient in a Phase I/II clinical trial of the doxorubicin conjugate of milatuzumab for the treatment of patients with relapsed multiple myeloma.
Nymox Pharmaceutical Corporation (Nasdaq: NYMX)
Nymox Reports Near Completion of New Five Year Long-Term Follow-Up NX02-0014 U.S. Study of BPH Drug
HASBROUCK HEIGHTS, N.J., June 15, 2010 (GLOBE NEWSWIRE) — Nymox Pharmaceutical Corporation (Nasdaq:NYMX) announced today that the Company is nearing completion of a new multi-center U.S. long-term follow-up study of NX-1207, its investigational drug for the treatment of benign prostatic hyperplasia (BPH). Nymox expects to report final results and statistical analysis for the study in the next 1-2 weeks. The new study concerns assessment of the 48-60 month efficacy and benefits of a single treatment of NX-1207. Patients in the new study were followed and have remained blinded subsequent to their participation in Nymox’s U.S. Study NX02-0014 in 2005-2006.
HealthTronics, Inc. (Nasdaq: HTRN)
HealthTronics Announces Receipt of FDA 510(k) Clearance
AUSTIN, Texas, June 15, 2010 (GLOBE NEWSWIRE) — HealthTronics, Inc. (Nasdaq:HTRN), a leading provider of urological products and services, today announced that its wholly-owned subsidiary, Endocare, Inc., has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for Endocare’s Cryocare CS(R) Surgical System, including Endocare’s variable cryoprobe, known as the V-Probe(R).
GenVec, Inc. (Nasdaq: GNVC)
GenVec Announces Engagement of Financial Advisor to Evaluate Strategic Alternatives
GAITHERSBURG, Md., June 15 /PRNewswire-FirstCall/ — GenVec, Inc. (Nasdaq:GNVC) today announced that it has engaged Wells Fargo Securities, LLC to conduct a comprehensive review of strategic alternatives aimed at enhancing shareholder value.
Great Wolf Resorts, Inc. (Nasdaq: WOLF)
Great Wolf Resorts Announces Acquisition of Controlling Interest in Creative Kingdoms
MADISON, Wis.–(BUSINESS WIRE)–Great Wolf Resorts, Inc. ® (NASDAQ: WOLF), North America’s largest family of indoor waterpark resorts, announced that it has acquired a majority stake in Creative Kingdoms, LLC, a developer of experiential gaming products including MagiQuest®, a high-tech, interactive, fantasy entertainment game available at nine Great Wolf Lodge® resorts.
PDL BioPharma, Inc. (Nasdaq: PDLI)
PDL BioPharma Provides Second Quarter 2010 Revenue Guidance of Approximately $120 Million
INCLINE VILLAGE, Nev., June 15 /PRNewswire-FirstCall/ — PDL BioPharma, Inc. (PDL) (Nasdaq:PDLI) today announced revenue guidance for the second quarter ended June 30, 2010 of approximately $120 million, as compared with actual results of $125.9 million for the second quarter of 2009. Included in second quarter 2010 guidance is $1.5 million earned on Eurodollar foreign currency hedging contracts that the Company initiated in January 2010. Included in actual results for the second quarter 2009 and not included in second quarter 2010 guidance are the second of two $12.5 million installment payments from Alexion and royalties of $18.9 million for sales of Synagis®. The Company does not anticipate receiving royalties for Synagis sales in the second quarter of 2010 due to the ongoing legal dispute with MedImmune.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Higher Amid Strong European Economic Data
Stocks rose on Monday, boosted by technology and industrial shares after strong euro zone industrial data reassured investors the global economic rebound is on track.
European shares hit a four-week high after April euro zone industrial output surged at the biggest pace year-on-year in almost two decades, easing concerns that a slowdown in Europe could curb global growth.
A burst of short-covering also helped lift the euro as sentiment toward risky assets improved. The common currency has been a barometer for European stability, with U.S. stocks tracking its movements.
Oil futures climbed 2.3 percent to $75.51 per barrel on renewed optimism about a recovery.
The Dow Jones industrial average rose 74.37 points, or 0.73 percent, to 10,285.44. The Standard & Poor’s 500 Index added 8.22 points, or 0.75 percent, to 1,099.82. The Nasdaq Composite Index gained 22.91 points, or 1.02 percent, to 2,266.51.
Yesterday’s Top Performing Small Cap Stock:
VizStar, Inc. (OTCBB: VIZS)
VizStar Inc. was a SmallCapVoice.com top performer yesterday closing up over 6% on trading volume of 50,375 shares.
Celestial Jets is the fastest growing premier aviation charter broker delivering a new and unprecedented way to experience private travel. As one of the foremost aviation charter brokers, Celestial Jets is built around two core assets, its brand and its people. These assets have built the foundation for Celestial Jets, allowing them to become as diverse as the institutions, communities, and individuals that they serve.
Today’s SmallCapVoice.com Hot Stock to Watch:
Sillenger Exploration Corp. (OTCBB: SLGX)
Fugro Retained by Sillenger for Airborne Geophysical Survey of Equatorial Guinea
TORONTO — (Marketwire) — 06/14/10 — Sillenger Exploration Corp. (“Sillenger”) (OTCQB: SLGX) (PINKSHEETS: SLGX) is pleased to announce that it has retained the services of Fugro Airborne Surveys Corp to conduct the airborne geophysical survey of the Rio Muni region of Equatorial Guinea. The upcoming survey will help to reveal the locations of potential deposits, and provide a detailed reading of the subsurface structures.
SmallCapVoice Clients’ News
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Schedules Investor’s Conference Call for Wednesday June 16 with CEO Danny Alex Regarding Positive Material Developments
Jun. 14, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.MuscleFlex.com) (Pink Sheets:MFLI) announced today that will be conducting an investor conference call with CEO Danny Alex on Wednesday June 16 instead of the previously announced June 22 to disclose a number of significant positive material developments. The conference call shall take place at 3:00 PM PT. Investor call in information is as follows:
Phone: 712-432-0075
Access Number: 432665
Other Small Cap News
Angiotech Pharmaceuticals, Inc. (Nasdaq: ANPI)
Angiotech’s licensee, Cook Medical, files PMA submission for FDA approval of Zilver(R) PTX(R) Drug-Eluting Stent platform
VANCOUVER, June 11 /PRNewswire-FirstCall/ - Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI, TSX: ANP) today announced Cook Medical, a license holder of Angiotech’s paclitaxel technology, has submitted its Pre-Market Approval (PMA) application to the U.S. Food and Drug Administration (FDA) for the company’s unique polymer-free Zilver(R) PTX(R) Drug-Eluting Peripheral Stent. Intended for use in patients with peripheral arterial disease (PAD) in the superficial femoral artery (SFA), Zilver PTX is a self-expanding, highly durable nitinol stent that uses a proprietary, polymer-free technology to deliver a locally therapeutic dose of paclitaxel, an anti-proliferative drug, to the target lesion.
Allos Therapeutics, Inc. (Nasdaq: ALTH)
Allos Therapeutics’ FOLOTYN Shows Activity and Tolerability in Phase 1 Dose Finding Study in Patients with Relapsed or Refractory CTCL
New Data Presented at 15th Annual EHA Meeting Demonstrates Responses to FOLOTYN in Patients Failing Prior Systemic Therapies
BARCELONA, Spain & WESTMINSTER, Colo.–(BUSINESS WIRE)–Allos Therapeutics, Inc. (NASDAQ: ALTH) today announced updated data from its ongoing dose finding Phase 1 study of FOLOTYN® (pralatrexate injection) in patients with relapsed or refractory cutaneous T-cell lymphoma (CTCL), a group of often slow-growing non-Hodgkins lymphomas that primarily manifest in the skin. These data were presented during a poster presentation at the European Hematology Association (EHA) meeting being held June 10-13, 2010 in Barcelona, Spain.
Lucas Energy, Inc. (NYSE Amex: LEI)
Lucas Energy Announces Five Workover Rigs Running in Eagle Ford Trend
HOUSTON, June 11, 2010 (GLOBE NEWSWIRE) — Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the “Company”) based in Houston, Texas, today announced that the Company has five (5) workover rigs running in the Eagle Ford - Austin Chalk Trend area. Three of the workover rigs are working on re-entries of old, abandoned wells, and one of the workover rigs is drilling a new lateral in the Austin Chalk formation. The Company will log and/or test the Eagle Ford formation in at least three wells within the next month.
Hyperdynamics Corporation (NYSE Amex: HDY)
Hyperdynamics Announces Results of 3D Seismic Tender
HOUSTON, June 11 /PRNewswire-FirstCall/ — Hyperdynamics Corporation (NYSE Amex: HDY) today announced that it has contracted with PGS Geophysical to conduct the acquisition phase of a 3D seismic survey on its offshore block in the Republic of Guinea. Following a thorough technical and commercial review of the seven bids received in the May tender, Hyperdynamics awarded the contract to the Norwegian-based firm. The 3,500 square kilometer survey will be acquired over two separate portions of the contract area with the intention of obtaining detailed imaging of the multiple prospects which were identified from the prior 2D seismic data.
Javelin Pharmaceuticals, Inc. (NYSE Amex: JAV)
Javelin gets $2 million loan from Hospira
Javelin Pharmaceuticals receives $2 million loan from Hospira under existing deal
CAMBRIDGE, Mass. (AP) — Javelin Pharmaceuticals said Friday that Hospira funded a $2 million loan to the company.
Hospira funded the loan on June 10 under an existing agreement between the companies.
The companies are currently embroiled in a lawsuit over a buyout plan.
Timberline Resources Corporation (NYSE Amex: TLR)
Timberline Announces Timberline Drilling Contract Extension and Provides Update on Drilling Services
COEUR D’ALENE, Idaho, June 14, 2010 (GLOBE NEWSWIRE) — Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR) (”Timberline”) is pleased to announce that its contract core drilling subsidiary, Timberline Drilling, has entered into a three-year extension to its existing underground and surface drilling contract with its largest customer. Timberline Drilling’s contract now extends into 2014 which provides revenue stability and aids in the retention of quality staff and drillers by providing steady work for the company and its employees.
Arotech Corporation (NASDAQ: ARTX)
Arotech Receives Over $10 Million in Follow on Orders for Davids and Aircraft Armor
ANN ARBOR, MI–(Marketwire - 06/14/10) - Arotech Corporation (NASDAQ:ARTX), a provider of quality defense and security products for the military, law enforcement and security markets, announced today that its Armor Division has received orders valued at more than
Micromet, Inc. (Nasdaq: MITI)
Micromet’s Blinatumomab Induces Durable Remissions in Patients with Relapsed Non-Hodgkin’s Lymphoma
BETHESDA, Md., June 14 /PRNewswire-FirstCall/ — Micromet, Inc. (Nasdaq:MITI) today announced the presentation of updated results from a Phase 1 trial of the Company’s lead product candidate blinatumomab (MT103) in patients with relapsed non-Hodgkin’s lymphoma (NHL). A high objective response rate was maintained among patients treated with blinatumomab using an adapted schedule, comparable to that previously reported in patients receiving constant dosing. Blinatumomab is the first in a new class of agents called BiTE® antibodies, designed to harness the body’s T cells to kill cancer cells.
Intellicheck Mobilisa, Inc. (NYSE Amex: IDN)
Joint Readiness Training Center Military Base Awards Contract to Intellicheck Mobilisa
Fort Polk Adds to Defense ID System
PORT TOWNSEND, Wash.–(BUSINESS WIRE)–Intellicheck Mobilisa, Inc. (NYSE AMEX: IDN), a global leader in access control and wireless security systems, received a contract from the US Army at Fort Polk to provide them with additional Defense ID ® access control equipment. The value of the contract is nearly $200,000 for additional equipment, software, installation, training and warranties.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Slightly Higher on Signs of Economic Growth
Submitted by SmallCapVoice.com
Hopeful signs that debt in Europe won’t derail a global economic recovery sent stocks higher Wednesday.
Federal Reserve chairman Ben Bernanke is scheduled to testify in front of the House Budget Committee. He is expected to reiterate his belief that the U.S. economy will not fall back into recession, but growth will remain slow. Similar comments from the Fed chairman helped push stocks higher Tuesday.
The Fed releases its beige book report Wednesday afternoon. The report is a snapshot of regional economic activity. A more positive tone by the Fed, which has been guarded in its assessment of the economy thus far, could provide the impetus to push stocks higher.
A report on wholesale inventories and sales is likely to confirm continued domestic growth. The report is expected to show inventories at the wholesale level rose for the fourth straight month, while sales likely climbed for the 13th straight month in April.
Economists surveyed by Thomson Reuters expect that inventories at the wholesale level rose 0.5 percent in April, while sales rose 0.6 percent. That compares with inventory growth of 0.4 percent and a jump in sales of 2.4 percent in March.
The slowdown in sales would be consistent with recent data that shows the economy is improving, but growth is slow and sometimes choppy.
Despite expected signs of growth in the U.S., concerns about the health of Europe’s economy has traders anxious. Governments across Europe are planning deep spending cuts to contain rising debt, which some investors worry will bring even a modest global economic recovery to a halt.
Stocks are also getting a boost after the euro climbed back above $1.20, after trading slightly lower earlier in the morning. Major European indexes erased early morning losses.
In early morning trading, the Dow Jones industrial average rose 39.00, or 0.4 percent, to 9,978.98. The Standard & Poor’s 500 index rose 5.33, or 0.5 percent, to 1,067.33, while the Nasdaq composite index rose 13.54, or 0.6 percent, to 2,184.11.
Yesterday’s Top Performing Small Cap Stock:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 66% on trading volume of 116,214 shares.
TIE Technologies OilDam(R) Proposal Escalated to Final Review by BP
NEW YORK, June 8, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, smart logistics, and telemetrics company, today announces BP’s escalation of TIE Technologies’ previously submitted OilDam® Emergency Containment Proposal to field review by BP and U.S. Coast Guard.
TIE Technologies’ revised OilDam® proposal has been escalated to final technical engineering review by BP’s Horizon Alternative Response Technology Team and is now under consideration for immediate field testing by the BP and U.S. Coast Guard Field Technical Operations Group.
Today’s SmallCapVoice.com Hot Stock to Watch:
CaseyCorp Enterprises, Inc. (OTCBB: CCPR)
Casey Corp Announces 2009 Update Review: Over $45,000,000 Revenues in Profitable Gold Sales
NEW YORK, June 9, 2010 /PRNewswire-FirstCall/ — Casey Corp. (OTCBB: CCPR) (the “Company”), a recycler of precious metals, wishes to update its shareholders with a quarterly review.
In 2009, Casey Corp.’s through its ESM operating subsidiary, showed a positive cash flow and a net profit, with revenues in excess of $45million.
SmallCapVoice Clients’ News
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Announces Special Guest Mel B to Attend its Exclusive Red Carpet BRAVADA Women’s Athletica Grand Opening Party on June 10 at 6:00 PM on Robertson Blvd in Los Angeles
Jun. 9, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that special guest Mel B is to attend BRAVADA’s Red Carpet Grand Opening Party for the BRAVADA Women’s Athletica Los Angeles June 10 at 6 PM on Robertson Blvd Retail location. Mel B (www.OfficialMelanieBrown.com) is one of the most recognized international female entertainers and has achieved iconic success as one of the members of the Spice Girls, Scary Spice, as well as a number of other acting, musical and philanthropic endeavors. As BRAVADA’s special guest, Mel B will bring incredible excitement and international flare in joining the celebration for the BRAVADA Women’s Athletica Store Grand Opening extravaganza being held on June 10 at 322 Robertson Blvd in Los Angeles California.
Other Small Cap News
Celsion Corporation (Nasdaq: CLSN)
Celsion Announces ThermoDox® Abstract Presented at the American Society of Clinical Oncology 2010 Annual Meeting
Abstract presented as part of the “Trials in Progress Poster Session”
COLUMBIA, Md., June 8 /PRNewswire-FirstCall/ — Celsion Corporation (Nasdaq:CLSN) announced today that an abstract on the Phase I/II DIGNITY trial of ThermoDox® in Recurrent Chest Wall (RCW) Breast Cancer was presented at a poster session on June 7, 2010 at the American Society of Clinical Oncology (ASCO) 2010 Annual Meeting. The abstract presented the background, rationale, and design of the DIGNITY study, which is ongoing and evaluating ThermoDox in combination with microwave hyperthermia in women with RCW. The ASCO Annual Meeting is being held June 4-8, 2010 at the McCormick Place Convention Center in Chicago, Illinois.
Rexahn Pharmaceuticals, Inc. (NYSE Amex: RNN)
Rexahn Pharmaceuticals Retains Investment Banker Frederick Frank to Provide Advisory Services
ROCKVILLE, Md.–(BUSINESS WIRE)–Rexahn Pharmaceuticals, Inc. (NYSE Amex:RNN), a clinical stage pharmaceutical company commercializing potential best in class oncology and CNS therapeutics, today announced that it has engaged renowned investment banker Frederick Frank, Vice Chairman of Peter J. Solomon Company (PJSC), as an independent consultant, to advise on a range of corporate activities.
Emrise Corp. (NYSE Arca: ERI)
EMRISE Corporation Enters into Binding Agreement to Sell Advanced Control Components to Aeroflex Incorporated for $20 Million
Net Proceeds Will Pay Down Debt, Help Strengthen Balance Sheet and Position Company To Focus on Growing Its Business
Emrise Corp. (NYSE Arca:ERI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that is has entered into a binding stock purchase agreement with Plainview, NY-based Aeroflex Incorporated pursuant to which EMRISE will sell all of the issued and outstanding shares of common stock of its Advanced Control Components, Inc. subsidiary (“ACC”) to Aeroflex for $20 million in an all cash transaction, subject to a potential working capital adjustment. The sale of ACC is subject to the approval of EMRISE’s stockholders. The transaction is expected to close in July 2010.
Cereplast, Inc. (Nasdaq: CERP)
Cereplast Expects to Ship 16 Million Pounds of Bioplastics in 2010
Sales momentum builds for company’s ‘Green’ alternative to traditional plastics
EL SEGUNDO, Calif.–(BUSINESS WIRE)–Cereplast, Inc. (NASDAQ: CERP) a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it expects to produce and ship approximately 16 million pounds of their proprietary bio-plastic resins to customers in 2010, representing a 400% increase in shipments compared to 2009.
Advanced Battery Technologies, Inc. (Nasdaq: ABAT)
Advanced Battery Technologies Enters US Electric Vehicles Market
NEW YORK, June 8, 2010 (GLOBE NEWSWIRE) — Advanced Battery Technologies, Inc. (Nasdaq:ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, today announced that it received an order to sell electric vehicles valued at approximately $1.1 million to US-based All-Power America. The first batch of electric motorcycles was shipped to All-Power America on June 6, 2010. This is the first entry into the US market for ABAT’s electric vehicles since the Company acquired ownership of Wuxi ZQ in May 2009.
Almaden Minerals Ltd. (NYSE Amex: AAU)
Almaden Minerals Ltd.: Merit Gold Project Optioned
VANCOUVER, BRITISH COLUMBIA–(Marketwire - 06/08/10) - Almaden Minerals Ltd. (TSX:AMM)(AMEX:AAU) is pleased to announce that it has formed an option agreement on its wholly owned Merit Gold Prospect in the Spences Bridge Gold Belt, British Columbia with Sunburst Explorations Inc. (”Sunburst”), a private company, which can earn up to a 60% interest in the property by spending $C3MM on exploration, and issuing Almaden 700,000 shares of Sunburst shares within five years from the listing of the stock on the TSX Venture Exchange (TSX-V). Sunburst has until May 31, 2011 to be listed on the TSX-V. Sunburst has agreed to a firm commitment of $C100,000 in exploration expenditures which must be completed by December 31, 2010. Sunburst has started an exploration program consisting of IP geophysics to better define the currently known exploration targets for a future drill program.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Rise on Signs of Improvement in Domestic Economy and as Initial Jobless Claims Fall
Submitted by SmallCapVoice.com
Stocks are rising in early trading following fresh signs that the domestic economy is improving.
New data Thursday shows initial claims for jobless benefits dipped last week, while private employers added workers last month. A third report says productivity rose in the first quarter, though gains were revised lower from a previous estimate.
Retailers are reporting mixed sales for May, but a report on the service sector due out later in the day is expected to show a fifth straight monthly gain.
The Dow Jones industrial average is up 34.99, or 0.3 percent, at 10,283.85. The Standard & Poor’s 500 index is up 2.92, or 0.3 percent, at 1,101.30, while the Nasdaq composite index is up 6.49, or 0.3 percent, at 2,287.56.
Yesterday’s Top Performing Small Cap Stock:
AGR Stone & Tools, Inc. (OTCBB: AGRT)
About AGR Tools, Inc. was a SmallCapVoice.com top performer yesterday closing up over 23% on trading volume of 14,900 shares.
AGR Stone & Tools USA, Inc., a wholly owned subsidiary of AGR Tools, Inc., is a major supplier of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries, and its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. The company also employs some of the world’s top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Launches Coffee & Tea Line
Jun. 3, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that it is rolling out its new coffee and iced tea at its two Tootie Pie Gourmet Cafés.
Sillenger Exploration Corp. (OTCBB: SLGX)
A New Audio Interview with John Gillespie, President and CEO of Sillenger Exploration is Now at SmallCapVoice.com
Jun. 3, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Sillenger Exploration Corp. (“Sillenger”) (OTCQB:SLGX) (OTC.BB:SLGX) is now available. The interview can be heard at http://smallcapvoice.com/blog/6-2-10-audio-interview-with-sillenger-exploration-otcbb-slgx/.
SmallCapVoice Clients’ News
Aerius International Inc. (Pink Sheets: AERS)
SectorWatch.biz: Cutting Through the Confusion
With no clear consensus, serious questions may still be raised regarding handset microwave radiation into human tissue, or Specific Absorption Rate (SAR). This spotlights the importance of cell phones Aerius International, Inc. (Pink Sheets:AERS) will be introducing worldwide that use its revolutionary antenna technology proven by the FCC to reduce SAR an average 99.4%. Additionally, Aerius equipped phones have been shown by carriers and in independent laboratories to increase battery life 66%, double handset coverage area, and reduce dropped calls over 60%.
Oromin Explorations Ltd. (OTCBB: OLEPF)
Oromin Explorations Ltd.: Exploration Drilling Continues to Generate Excellent Results From Numerous Gold Deposits and Targets
Exploration drilling undertaken since the completion of all requisite Feasibility Study geotechnical and hydrological drilling in early 2010 continues to generate excellent results at many of the OJVG deposits and targets. With the exception of some results from Kourouloulou, none of these favourable results are incorporated in the production schedule proposed in OJVG’s forthcoming Feasibility Study and as a result they will not be included in the Feasibility Study’s economic and cash flow analyses. Positive impacts from 2010 exploration drilling to date include expansions at Golouma style higher grade deposits and targets (Kourouloulou and Koulouqwinde), expansions at Masato style bulk-tonnage deposits (Maki Medina, Niakafiri Southeast and Masato) as well as new discoveries (Kobokoto South and Niakafiri Southwest).
Other Small Cap News
AirTran Holdings, Inc. (NYSE: AAI)
AirTran Airways Reports May Traffic
ORLANDO, Fla., June 2 /PRNewswire-FirstCall/ — AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI), today reported traffic for the month of May. The airline’s load factor, 80.8 percent, represents a new all-time company record for the month of May.
Nanosphere, Inc. (Nasdaq: NSPH)
Nanosphere Verisens(TM) Ultra-Sensitive PSA Assay Highlighted at American Urological Association Annual Meeting
NORTHBROOK, Ill., June 2, 2010 (GLOBE NEWSWIRE) — At the annual meeting of the American Urological Association (AUA), data using the Nanosphere Verisens(TM) ultra-sensitive PSA assay (research use only) will be highlighted as one of less than 40 abstracts that were singled out by the Association for a special session for journalists.
Cypress Bioscience, Inc. (Nasdaq: CYPB)
Medicare Administrator Issues Positive Coverage Determination for Cypress Bioscience’s Avise PG(SM) Testing Service
SAN DIEGO, CA–(Marketwire - 06/02/10) - Cypress Bioscience, Inc. (NASDAQ:CYPB) announced today that Palmetto GBA, administrator for Medicare Part B in California, has issued a positive coverage determination for the company’s Avise PG testing service. Avise PG is a test which aids doctors in therapy decisions regarding methotrexate, one of the most widely prescribed drugs for rheumatoid arthritis.
Converted Organics Inc. (Nasdaq: COIN)
Converted Organics 8-1-4(TM) and Converted Organics 4-1-8(TM) Granular Organic Fertilizers Receive OMRI Certification and Listing
Products Allowed for OMRI Product Listing, Shows Compliance With USDA National Organic Program Rule
BOSTON, June 2, 2010 (GLOBE NEWSWIRE) — Converted Organics Inc. (Nasdaq:COIN) announced today that its Converted Organics 8-1-4(TM) and Converted Organics 4-1-8(TM) all-natural, granular organic fertilizers have received OMRI Certification and are now Allowed for use in the Generic Material Listing: Fertilizers, Blended, Class: Crop Fertilizers and Soil Amendments, and qualifies both products for placement in the OMRI Products List.
Thomas Properties Group, Inc. (Nasdaq: TPGI)
Thomas Properties Group, Inc. Announces Executive Management Changes
Paul S. Rutter and John R. Sischo, both formerly Executive Vice Presidents, have been named to newly-created positions as Co-Chief Operating Officers of the Company. The role of Todd Merkle, Senior Vice President, has been expanded to include the duties of Chief Investment Officer. James A. Thomas will continue to serve as Chairman and Chief Executive Officer.
Great Basin Gold Ltd. (NYSE Amex: GBG)
Great Basin Provides Update on Burnstone Mine Project
VANCOUVER, June 2 /PRNewswire-FirstCall/ - Great Basin Gold Ltd. (”Great Basin” or the “Company”) (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that it is making good progress in the delivery of its capital projects at its Burnstone Project in South Africa.
China Security & Surveillance Technology, Inc. (NYSE: CSR)
China Security & Surveillance Technology, Inc. Updates Full Year 2010 Guidance
The Company expects to report full-year revenue in the range of $830 million to $850 million. Earning per share is expected to be in the range of $1.12 to $1.16. The average outstanding shares on a fully diluted basis for 2010 will be approximately 90 million.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Rise After Pending Home Sales Top Forecasts
Submitted by SmallCapVoice.com
Stocks extend climb after April homes sales increase 6 percent on race to meet tax credit
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors’ optimism about the economy.
The Dow Jones industrial average rose about 80 points in late morning trading. The major indexes made back some of the big losses they suffered Tuesday shortly when the government announced criminal and civil investigations into the Gulf oil spill.
The upbeat report on home sales provided some hope on the nation’s housing market. An increase in signed contracts for homes was due partly to a rush to meet a tax credit that expired in April. The National Association of Realtors said its index of contracts on existing homes rose 6 percent in April, and ahead of the estimates of economists polled by Thomson Reuters.
“Anything that indicates more of a stabilization — and not rapid declines — in housing is probably a good thing,” said Jason D. Pride, director of investment strategy at Glenmede in Philadelphia.
Yesterday’s Top Performing Small Cap Stock:
Sillenger Exploration Corp. (OTCBB: SLGX)
Sillenger Exploration Corp. was a SmallCapVoice.com top performer yesterday closing up over 6% on trading volume of 21,000 shares.
Sillenger Signs Mineral and Hydrocarbon Exploration Contract With Government of Equatorial Guinea to Develop Country’s Natural Resources
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/02/10 — Sillenger Exploration Corp. (“Sillenger”) (OTCQB: SLGX)(OTCBB: SLGX), an innovative and progressive mineral exploration and claims management company, with experience in mining and business process management in Africa and other regions of the world, is pleased to announce that, through its relationship with FCMI Global Inc. and its African affiliates, Sillenger has entered into a contract with the Government of the Republic of Equatorial Guinea to conduct an airborne geophysical survey of the continental region (27,000 sq. km) of Equatorial Guinea, known as Rio Muni, as well as 30 km of Continental Platform (4,500 sq. km) off the Atlantic coastline.
Today’s SmallCapVoice.com Hot Stock to Watch:
Oromin Explorations Ltd. (OTCBB: OLEPF)
Oromin Explorations Ltd.: Drilling Extends Kourouloulou Gold Deposit to 300 Metre Depth and Expands Maki Medina Deposit
VANCOUVER, BRITISH COLUMBIA–(Marketwire - 06/02/10) - Oromin Explorations Ltd. (TSX:OLE - News)(OTC.BB:OLEPF) -
HIGHLIGHTS
GOLOUMA STYLE HIGHER GRADE DEPOSITS AND TARGETS
– Kourouloulou Deposit returns 58.79 g/t gold over 4 metres in DH-673 and
73.89 g/t gold over 3 metres in DH-653
– Koulouqwinde Target returns 7.26 g/t gold over 3 metres in RC-707 and
260.0 g/t gold over 1 metre in DH-633
SmallCapVoice Clients’ News
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies Announces ACUMEN(TM) Airport Product Suite Release
NEW YORK, June 1, 2010 (GLOBE NEWSWIRE) - TIE Technologies, Inc. (Pink Sheets: TTCS), an information technology, security and telecommunications company, today announces the release of Airport ACUMEN(TM) solution for general aviation air field facilities.
TIE’s ACUMEN(TM) Airport product is aimed at solving the general aviation airport’s need for the ability to manage disparate pieces of data, be it runway debris (FOD), air flight path obstacles, asset movement or the identity of aircraft or improved individual security. Post 9-11 security measures of this type are all commonplace at major USA airports, however, many regional and general aviation airports are still evolving the integration of these technologies.
Other Small Cap News
Lions Gate Entertainment Corp. (NYSE: LGF)
Icahn Extends Tender Offer for Lions Gate Common Shares and Waives Minimum Tender Condition
NEW YORK, June 1 /PRNewswire/ — Carl C. Icahn announced today that the offer by his affiliated entities to purchase up to all of the outstanding common shares of Lions Gate Entertainment Corp. for $7.00 per share in cash has been extended and will now expire at 8:00 p.m., New York City time, on June 16, 2010, unless extended or withdrawn. Mr. Icahn also announced that the offer has been amended to remove the condition that at least 36,985,976 Lions Gate common shares shall have been tendered under the offer. The offer is now for ANY AND ALL of Lions Gate’s outstanding common shares. All other terms and conditions of the tender offer remain unchanged.
Targeted Genetics Corporation (Pink Sheets: TGEN)
Targeted Genetics Corporation Reports Fourth Quarter and Full Year 2009 Financial Results
Plus Update on Celladon Heart Failure Clinical Data and Business Strategy
For the fourth quarter of 2009, the Company reported net income of $1.8 million, or $0.08 per common share, compared to a net loss of $10.8 million, or $0.54 per common share, for the fourth quarter of 2008. For the year ended December 31, 2009, the Company reported net income of $7.9 million, or $0.39 per common share, compared to a net loss of $20.7 million, or $1.04 per common share, for the year ended December 31, 2008. Per share results for 2008 include a non-cash goodwill impairment charge of $7.9 million recognized in the fourth quarter of 2008.
Generex Biotechnology Corporation (Nasdaq: GNBT)
Generex Awarded Two New Patents for Its Proprietary Buccal Drug Delivery System
New Patents Also Cover Method of Preparation as Well as Method of Administration
WORCESTER, Mass., June 1, 2010 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, today announced that it has been awarded two new patents in Japan and Ukraine.
Ener1, Inc. (Nasdaq: HEV)
ENER1 Receives Commitment for $65 Million Equity Investment
Proceeds will Fund Investment Program for 2010
NEW YORK, June 1 /PRNewswire-FirstCall/ — Ener1, Inc. (Nasdaq:HEV), a global manufacturer of large-format lithium-ion battery systems for automotive and utility grid applications, today announced that it has executed an agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $65 million. The investment, which is expected to close later this week, is subject to customary closing conditions.
RealNetworks Inc. (Nasdaq: RNWK)
More Than 600 Million Devices Worldwide Use RealNetworks’ Technology to Playback Digital Content
TAIPEI, Taiwan, June 1 /PRNewswire-FirstCall/ — COMPUTEX — RealNetworks(R), Inc. (Nasdaq:RNWK), the digital entertainment services company, today announced that RealVideo has been shipped on more than 600 million mobile and consumer electronic devices worldwide. RealVideo (RMVB) delivers higher quality videos to consumer devices by compressing the file size, which is essential for connected devices. Strong consumer demand makes RealVideo a requirement for consumer electronic products such as mobile phones, televisions, personal media players, mediaboxes, set-top boxes, DVD/HD players, smartbooks, netbooks, and tablets.
Level 3 Communications, Inc. (Nasdaq: LVLT)
Level 3 and Solid State Networks Support UTV True Games
Level 3 and Solid State Networks’ Combined Solution Provides Advanced Reporting and Analytics for Pure-Play Online Games Company
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. (NASDAQ: LVLT) today announced its work with Austin, Tx.-based UTV True Games (www.truegames.com), an international pure-play online game publisher for massive multi-player online games (MMOGs), to provide content delivery network (CDN) services and advanced reporting analytics to support UTV True Games’ MMOG game titles.
Competitive Technologies, Inc. (NYSE Amex: CTT)
Competitive Technologies Raising Capital to Accelerate Calmare(R) Pain Therapy Treatment Sales
FAIRFIELD, Conn., June 2, 2010 (GLOBE NEWSWIRE) — Competitive Technologies, Inc. (NYSE Amex:CTT) today announced that it has signed an agreement to raise over $5 million by selling 2 million shares of equity to Crisnic Fund, S.A. based on a 15% discount from the volume weighted average price on the date the SEC declares the registration effective, as detailed in the 8-K being filed today. The funds raised will provide financing for CTT to more aggressively sell its innovative Calmare(R) Pain Therapy Treatment, which treats chronic neuropathic and oncologic pain, both in the U.S. and internationally.
SandRidge Energy, Inc. (NYSE: SD)
SandRidge Energy, Inc. and Arena Resources, Inc. Announce Amendment to Merger Agreement
OKLAHOMA CITY and TULSA, Okla., June 2 /PRNewswire-FirstCall/ — SandRidge Energy, Inc. (NYSE:SD) and Arena Resources, Inc. (NYSE:ARD - News) today jointly announced that they have agreed to amend the merger agreement under which SandRidge will acquire Arena. Pursuant to the revised terms, each outstanding share of Arena will be converted in the merger into the right to receive 4.7771 shares of SandRidge common stock plus $4.50 per share in cash.
China Advanced Construction Materials Group, Inc. (Nasdaq: CADC)
China ACM Awarded $1.3 Million China High-Speed Rail Contract
BEIJING–(Marketwire - 06/02/10) - China Advanced Construction Materials Group, Inc. (NASDAQ:CADC) (”China ACM” or the “Company”), a leading provider of ready-mix concrete and related technical services in China, today announced that China Rail has awarded the Company a new contract valued at $1.3 million to provide its premium ready-mix concrete (RMC) manufacturing services for a section of the Tianjin to Qinhuangdao high-speed railway in Hebei Province.
Seanergy Maritime Holdings Corp. (Nasdaq: SHIP)
Seanergy Maritime Holdings Corp. Announces the Acquisition of a Controlling Interest in Maritime Capital Shipping Limited and the Expansion of Its Controlled Fleet to 20 Dry Bulk Vessels
ATHENS, GREECE–(Marketwire - 06/02/10) - Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ:SHIP) announced today that the Company has completed the final documentation, after entering into a Share and Purchase Agreement with Maritime Capital Shipping (Holdings) Limited, a company incorporated in the British Virgin Islands (the “Seller”), for the acquisition of a 51% ownership interest in Maritime Capital Shipping Limited, a company incorporated in Bermuda (”MCS”), for a purchase price of $33.0 million.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Surged in Early Trading Thursday after China Reassured Investors it Doesn’t Plan to Sell any of the European Debt it Holds
Submitted by SmallCapVoice.com
The Dow Jones industrial average rose about 150 points in morning trading, while Treasury prices tumbled as traders pumped money into stocks.
China’s confidence in Europe overshadowed disappointing reports about the U.S. economy. The Labor Department said initial claims for unemployment benefits fell last week, but not by as much as economists had forecast. A report on gross domestic product indicated that the U.S. economy did not grow as fast in the first quarter as previously thought.
Thursday’s gains came after the agency that manages China’s $2.5 trillion in foreign reserves denied a Financial Times report that China was considering cutting its exposure to European debt. Major indexes around the world also rose.
Yesterday’s Top Performing Small Cap Stock:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 63% on trading volume of 31,910 shares.
TIE Technologies and Geocomp Release OilDam(R) Product Specifications
Solution Aimed at Containment and Shore Protection; Ready for Immediate Deployment
NEW YORK, May 26, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, security and telecommunications company, and Geocomp Corp., a global leader in geo-engineering, today jointly released the details of the OilDam(R) product designed to mitigate damage from the Gulf oil spill. OilDam(R) is a comprehensive solution which can be immediately deployed to provide a reliable means to keep the oil from reaching the shore, contain it and enable its removal.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Goes to the Plate with Mickey Mantle
May 27, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that Mickey Mantle’s Steakhouse in Oklahoma City, Oklahoma will begin serving Tootie Pies.
“There are few things more American than baseball and apple pie and so we are delighted to have our Tootie Apple Pie, the best pie anywhere, served in the legendary Mickey Mantle Steakhouse; the namesake of one of baseball’s most historic figures,” said Don Merrill, President & CEO.
SmallCapVoice Clients’ News
BRAVADA International Ltd (Pink Sheets: MFLI)
Audrina Patridge and T Lopez to Attend the Exclusive Red Carpet BRAVADA Women’s Athletica Grand Opening Party on June 10 on Robertson Blvd, Los Angeles - Additional Celebrity Guests to be Announced Next Week
May 27, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) revealed today some of the high caliber celebrity guests that will be attending the Red Carpet Grand Opening Party of the BRAVADA Women’s Athletica Los Angeles Robertson Blvd Retail location. The star of MTV’s, The Hills, Audrina Patridge (www.AudrinaPatridge.com) will be attending as one of BRAVADA’s featured and special guests. In addition, actress and Cash Money recording artist T Lopez (www.TlopezMusic.com) will also be attending, walking the red carpet and joining in the celebration for the BRAVADA Women’s Athletica Store Grand Opening extravaganza being held on June 10 at 322 Robertson Blvd in Los Angeles California. Next week, BRAVADA will provide additional celebrity guests on its exclusive invitation list.
Other Small Cap News
Level 3 Communications, Inc. (Nasdaq: LVLT)
Level 3 and GlobeNet to Provide High-Speed IP Services Bundled with Sub-sea Capacity
New Multi-Service Relationship Enables Level 3 and GlobeNet to Meet Rising Bandwidth Demands in South America
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that the company has established a multi-service relationship with GlobeNet, an international provider of submarine cable transmission capacity, to enable Level 3 and GlobeNet to offer transport and high-speed Internet services to satisfy the growth in communications demand in South America.
Chemtura Corporation (Pink Sheets: CEMJQ)
Chemtura Corporation Announces Certain Brominated Flame Retardants on Sales Control
PHILADELPHIA–(BUSINESS WIRE)–Chemtura Corporation, debtor-in-possession (Pink Sheets: CEMJQ) (“Chemtura”), today announced that it will place Tetrabromobisphenol A (BA-59PR), Decabromodiphenyloxide (DE-83RR) and Decabromodiphenylethane (FiremasterR 2100R) on sales control while implementing 30-day maximum price validity on these product lines.
Quantum (Nasdaq: QTWW)
Quantum Awarded Contract by Lockheed Martin to Supply Fuel Metering and Energy Storage Technology for Space Program
IRVINE, Calif., May 26 /PRNewswire-FirstCall/ — Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq:QTWW), today announced that it has been awarded a contract for expanded support of Lockheed Martin’s Space Systems’ development of ISIS (Integrated Sensor is the Structure) airship powered by a Regenerative Fuel Cell (RFC). Quantum will supply critical hydrogen metering systems in conjunction with the hydrogen and oxygen storage systems that it is currently supplying to Lockheed Martin.
Federal Signal Corp. (NYSE: FSS)
Sirit, a Federal Signal Technologies Company, Awarded Contract With Defense Logistics Agency
RFID labels and ribbons to be supplied for supply chain applications
IRVINE, Calif., May 26 /PRNewswire-FirstCall/ — Federal Signal Technologies company Sirit Corp. (”Sirit”), a global provider of radio frequency identification (”RFID”) technology, announced today that it has been awarded a contract with the Defense Logistics Agency (”DLA”) utilizing passive Class 1, Generation 2 RFID labels. The DLA is the U.S. Department of Defense’s combat logistics support agency. The maximum value of the contract is estimated at US$2.7 million covering one year with two additional one year options. Sirit has passed stringent testing requirements conducted by the DLA and has begun fulfilling orders under this contract.
Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF)
Solarfun Reports First Quarter 2010 Results
Peter Xie, President of Solarfun, commented, “We are very pleased with our strong performance in the first quarter of 2010. Quarterly revenues for the first time in the Company’s history exceeded $200 million, and net income per diluted ADS on a non-GAAP basis reached US$0.40, a substantial increase of over 63.9% compared to the fourth quarter of 2009. The strong performance was attributable to our ability to take advantage of favorable industry demand while keeping a keen focus on cost control and risk management.
Force Protection, Inc. (Nasdaq: FRPT)
Ocelot Down Selected for Australian Vehicle Competition
LADSON, S.C.–(BUSINESS WIRE)–Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that its Ocelot light protected patrol vehicle has been down-selected by the Australian Government to compete in the Land 121 Phase 4 Project for the Protected Mobility Vehicle – Light (PMV-L) prototype. Ocelot was offered for the Land 121 competition through Force Protection’s subsidiary, Force Protection Europe, LTD.
Servidyne, Inc. (Nasdaq: SERV)
Servidyne to Provide Demand Response Services for the Nation’s Largest Municipally-Owned Electric Utility
Demand Response is an integral part of CPS Energy’s plan to save 771 megawatts by the year 2020.
Servidyne, Inc. (Nasdaq: SERV), an energy efficiency and demand response company, today announced that it has secured an exclusive two-year demand response services contract with San Antonio, Texas-based CPS Energy, the largest municipally-owned electric utility in the United States.
CVD Equipment Corporation (Nasdaq: CVV)
Graphene Laboratories Inc. and CVD Equipment Corporation Sign Exclusive Distribution Agreement for CVD Graphene Products
RONKONKOMA, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation (NASDAQ: CVV), announced today the signing of an exclusive Distribution Agreement with Graphene Laboratories, Inc. for Chemical Vapor Deposited (CVD) Graphene products. Under this Agreement CVD Equipment Corporation will manufacture CVD grown Graphene based materials and products and Graphene Laboratories, Inc. will market and sell them on a worldwide basis.
Capstone Turbine Corporation (Nasdaq: CPST)
Capstone Turbine Corporation Names Makon Power Systems as Its Distributor in Nigeria
CHATSWORTH, Calif., May 26, 2010 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, has named Makon Power Systems as its distributor in Nigeria.
BPZ Resources, Inc. (NYSE: BPZ)
BPZ Energy Receives Approval to Change the First Date of Commercial Production
HOUSTON, May 26, 2010 (GLOBE NEWSWIRE) — BPZ Resources, Inc. (NYSE:BPZ) announced today that Perupetro has agreed with the Company to accept November 30, 2010 as the new First Date of Commercial Production (FDCP) for Block Z-1 and its Corvina field in northwest Peru. Consequently, the Company will apply to the agency responsible for issuing gas flaring permits (DGH) for the required flaring permits on a well by well basis, as needed, for gas flaring associated with the continued testing of the Corvina and Albacora fields.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Investing Ideas in Gold as a Safe Haven
Submitted by SmallCapVoice.com
Gold prices were rising Wednesday as jittery investors continued to buy gold as a safe haven asset to battle global economic uncertainty.
Gold delivery for June was rising $12.50 to $1,210.50 an ounce at the Comex division of the New York Mercantile Exchange.
Although markets seem calm, analysts expect investors to continue to hedge their riskier investments with the safety of gold over the long term.
Aram Shishmanian, CEO of the World Gold Council says, “with the global economic recovery still burdened by high and rising debt levels in Western economies, as well as the renewed threat of recession driving down the US dollar and equities, the outlook for gold as a liquid, reliable asset class and as a store of wealth remains highly favorable.”
Gold mining stocks, a more risky but more profitable way to invest in gold provide more money-making opportunities than owning physical gold.
The typical belief is that gold mining stocks can rise as much as 20% to 30% more than gold prices making them an attractive investment for those who want exposure to gold without the hassle.
The juniors offer phenomenal upside potential. The challenge is to find the companies that have good and honest management and the ability to take an idea and a concept to a real business. You have to really do your homework and dig deep, but there is a phenomenal upside potential for that.
Sillenger Exploration Corp (OTC BB: SLGX) offers such an opportunity.
Sillenger Exploration Corp is a natural resource development company focused in mineral exploration opportunities in Canada and Africa. Parts of Africa have been noted for a rich history in gold, diamond, and other precious mineral mining. The continent hosts a number of major base metals mines extracting copper, zinc, bauxite, iron ore, etc. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.
Sillenger Exploration Corp owns a 100% interest in the three mineral claims, the Bulkley Mineral Claims, located in the Atlin Mining Division, British Columbia, Canada.
The Atlin mining area gained prominence in 1898 when placer gold was discovered. A gold mining “rush” ensued and was most active in the period between 1898 and 1910. Exploration for gold in the Atlin area has been continuous through to the present.
Sillenger Exploration Corp is focused on opportunities that lend themselves to the income statement and can build lasting value for Sillenger’s shareholders.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Lower amid Continued European Economic Worries
Submitted by SmallCapVoice.com
Stocks are moderately lower as markets worldwide again tracked the movement of the euro Wednesday.
U.S. stock index futures erased some of their deep, early morning losses as the euro bounced off a four-year low of $1.2146 and moved back up to $1.2246.
European stocks fell sharply at first, rattled by Germany’s move to ban a form of short selling. Germany enacted the ban in an effort to try to prevent its markets from falling sharply in response to concerns about Europe’s debt problems. But major European indexes also regained some ground as the euro moved higher.
Markets have taken their cues from the euro because it is seen as a proxy for confidence in Europe’s economy. Investors are concerned that severe budget cuts in countries like Greece, Portugal and Spain will significantly slow any recovery in Europe. That slowdown could then spread globally, halting a worldwide rebound.
European leaders agreed last week to a nearly $1 trillion bailout program to help countries that are facing mounting debt problems. The deal was initially embraced by investors. But traders quickly worried that the austerity measures tied to the rescue package would upend a rebound.
The Dow Jones industrial average fell 36, or 0.3 percent, to 10,454. Standard & Poor’s 500 index fell 4.70, or 0.4 percent, to 1,114.00, while Nasdaq 100 index fell 5.00, or 0.3 percent, to 1,883.00.
Yesterday’s Top Performing Small Cap Stock:
Vidaroo Corporation (OTCBB: VIDA)
Vidaroo Corporation was a SmallCapVoice.com top performer yesterday closing up over 20% on trading volume of 171,300 shares.
Vidaroo Corporation Files Quarterly Report for the Fiscal Period Ended March 31, 2010; Results Include 577% Increase in Revenue and 792% Increase in Operating Margin
Vidaroo Corporation, an innovative video technology company offering an Online Video Platform, video production and online video advertising, filed its quarterly report for the fiscal period ended March 31, 2010; results include a 577% increase in revenue and a 792% increase in operating margin.
Mark Argenti, CEO, Vidaroo Corporation states, “This is an unprecedented time for the Company, as we experienced growth in each of our three business units during the past quarter. The combination of a growing revenue base combined with the launch of our new brand and marketing interface at www.Vidaroo.com has created a very exciting environment from which to drive future growth.”
Tom Moreland, CFO, Vidaroo Corporation, notes, “We are pleased to see strong growth in Revenue combined with ongoing strength at the Operating Margin line. Building business with strong margins is a top priority for our management team.”
Today’s SmallCapVoice.com Hot Stock to Watch:
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Muscle Flex Files Trademarks with the USPTO for BRAVADA(TM) for Retail Store Services and On-line Retail Store Services
May 18, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that it has filed trademark applications with the United States Patent and Trademark Office (USPTO) for BRAVADA for the following wares and services:
1. On-line Retail Store Services featuring: Clothing, sportswear, swimwear, yoga wear, fitness and exercise equipment
2. Retail Store Services featuring: Clothing, sportswear, swimwear, yoga wear, fitness and exercise equipment
3. The BRAVADA Logo
BRAVADA Muscle Flex Announces its Celebrity Red Carpet Grand Opening for its BRAVADA Women’s Athletica Retail Store in Los Angeles June 10 at 322 Robertson Blvd
May 19, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today its Celebrity Red Carpet Grand Opening Party for its BRAVADA Women’s Athletica Retail Outlet in Los Angeles Thursday June 10 at its flagship BRAVADA(TM) Retail location at 322 Robertson Blvd slated to open June 1st. The star-studded celebrity line-up will be released to the public next week. The BRAVADA Red Carpet Grand Opening celebration of its Los Angeles store will feature a high profile Hollywood celebrity line up with a cavalcade of national media and press.
SmallCapVoice Clients’ News
Tie Technologies, Inc. (OTCPK: TTCS)
TIE Technologies Submits Proposed Team Response to U.S. Ecological Disaster in Gulf
NEW YORK, May 19, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, security and telecommunications company, today announced the submission of its OilDam(R) Emergency Containment Proposal to the EPA’s Homeland Security Research Center and the U.S. Coast Guard for immediate consideration. A technical team, led by TIE Technologies, was formed to provide a reliable means to keep oil from the BP gulf oil spill away from the shore, contain it and enable its removal.
Other Small Cap News
Nymox Pharmaceutical Corporation (Nasdaq: NYMX)
Nymox Nears Completion of New Three Year U.S. Long-Term Follow-Up Study of BPH Drug
HASBROUCK HEIGHTS, N.J., May 18, 2010 (GLOBE NEWSWIRE) — Nymox Pharmaceutical Corporation (Nasdaq:NYMX) announced today that the Company is nearing completion of a new multi-center U.S. long-term follow-up study of NX-1207, its investigational drug for the treatment of benign prostatic hyperplasia (BPH). The Company anticipates the reporting of final results and statistical analysis for the study within the next 2 weeks. The new study concerns assessment of the 30-36 month efficacy and benefits of a single treatment of NX-1207. Patients in the new study were followed and have remained blinded subsequent to their participation in Nymox’s U.S. Study NX02-0016. The initial study was undertaken in 2007 at 32 U.S. sites and enrolled 85 subjects. The new study includes results from all currently available patients.
Claude Resources Inc. (NYSE Amex: CGR)
Claude Resources Announces Agreement To Sell Certain Oil and Natural Gas Assets
SASKATOON, May 18 /PRNewswire-FirstCall/ - Claude Resources Inc. (”Claude” or the “Company”) today announced that it has entered into a Purchase and Sale Agreement with a private Canadian corporation (the “Purchaser”), pursuant to which the Purchaser has agreed to purchase a majority of the oil and natural gas assets owned by Claude. Gross proceeds from the transaction are expected to be $6.2 million.
Generex Biotechnology Corporation (Nasdaq: GNBT)
Generex Biotechnology Announces Publication of Novel Immunotherapeutic Cancer Vaccine Results in Patients With Prostate Cancer
WORCESTER, Mass., May 18, 2010 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (Nasdaq:GNBT) announced today publication of results from the first Phase I study of its lead immunotherapeutic agent AE37 in patients with prostate cancer. At the end of 2009, the Company announced positive interim results from a Phase II trial being conducted with AE37 in patients with breast cancer. The compound is being developed by its wholly-owned subsidiary, Antigen Express, Inc.
VAALCO Energy, Inc. (NYSE: EGY)
VAALCO Energy Provides Drilling Update
HOUSTON, May 18 /PRNewswire-FirstCall/ — VAALCO Energy, Inc. (NYSE:EGY) reported today that the contracted rig, the Sapphire Driller, has successfully completed operations on the Ebouri 3H workover and has moved onto location to drill the SE Etame exploration well. The spud date is forecast for Wednesday, May 19, 2010.
Oncolytics Biotech Inc. (Nasdaq: ONCY)
Oncolytics Biotech(R) Inc. Announces Publication of Phase I Clinical Trial Results in Clinical Cancer Research
CALGARY, AB, May 18 /PRNewswire-FirstCall/ - Oncolytics Biotech Inc. (”Oncolytics”) (TSX:ONC, NASDAQ:ONCY) announced today that a paper entitled “Two-Stage Phase I Dose-Escalation Study of Intratumoural Reovirus Type 3 Dearing and Palliative Radiotherapy in Patients with Advanced Cancers,” has been published in the online version of the journal Clinical Cancer Research.
Research Frontiers Inc. (Nasdaq: REFR)
SmartGlass International, Schott and Research Frontiers Announce SPD-Smart License Expansion From the Hamburg Air Show
HAMBURG, Germany, May 18, 2010 (GLOBE NEWSWIRE) — From the booth of its partner the SCHOTT Group at the 2010 Aircraft Interiors Expo in Hamburg, Germany, SmartGlass International Ltd., a licensee of Research Frontiers Inc. (Nasdaq:REFR), announced an agreement with Research Frontiers to expand the scope of SmartGlass International’s license to include SPD-Smart aircraft and marine products, and a further expansion of the geographic territory where it can offer these and its SPD-Smart(TM) architectural products.
Versar, Inc. (NYSE Amex: VSR)
Versar, Inc. Providing Rapid Response Support to Gulf Oil Spill
SPRINGFIELD, Va.–(BUSINESS WIRE)–Versar, Inc. (NYSE Amex:VSR) has deployed a team of scientists to the Gulf coast region to provide technical support in response to the oil spill in the Gulf of Mexico. Versar was selected due to its rapid response capabilities and over 35 years of ecological monitoring and surveying experience. On-scene Versar scientists will be supported remotely by other Versar divisions with modeling, meteorology, fisheries ecology, sensitive habitat and other technical experts. Versar has expertise in both oil spill response and Natural Resource Damage Assessment (NRDA) and is able to quickly respond to incidents of this magnitude.
Brightpoint, Inc. (Nasdaq: CELL)
Brightpoint Announces Signing of Lease for the New Distribution Center in Nordics
INDIANAPOLIS, May 18, 2010 (GLOBE NEWSWIRE) — Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary, Brightpoint Sweden AB (”Brightpoint”), has entered into a lease agreement with Brinova Log. Sweden for a new Distribution Center in Boras, Sweden. Jones Lang LaSalle represented Brightpoint in the lease negotiations. This center is expected to become operational in Q4 2010 and will serve Brightpoint’s customers across the Nordic region with state-of-the-art supply-chain solutions through industry-leading processes and systems. The existing distribution centers in Norway, Denmark, and Finland will remain intact for the near future and will continue to serve our suppliers and customers.
Graphic Packaging International, Inc. (NYSE: GPK)
Graphic Packaging Increases Prices on SUS(R) Paperboard in Europe
MARIETTA, Ga., May 18 /PRNewswire-FirstCall/ — Graphic Packaging International, Inc. (GPI), a subsidiary of Graphic Packaging Holding Company (NYSE:GPK), recently announced a European price increase on all grades of its solid unbleached sulphate (SUS(R)) paperboard, effective with shipments on or after May 31, 2010. The price of all GPI SUS(R) Paperboard will increase by 65 pounds Sterling per ton in the U.K. and euro 65 per ton in the rest of Europe.
Magellan Petroleum Corporation (Nasdaq: MPET)
Magellan Petroleum Corporation
PORTLAND, Maine, May 18 /PRNewswire-FirstCall/ — Magellan Petroleum Corporation (Nasdaq:MPE) (ASX:MGN.ax) announced that the Company has signed a term sheet (the “Term Sheet”) with Young Energy Prize S.A. (”YEP”), a Luxembourg corporation, embodying an agreement in principle for an additional equity investment in the Company of $15.6 million. Currently, YEP owns approximately 27% of the outstanding shares of the Company’s Common Stock, calculated as if the warrants to purchase shares of such stock held by YEP were fully exercised.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are Down on European Economic Concerns
Submitted by SmallCapVoice.com
Stocks are falling in early trading on concerns about how austerity measures in Europe might slow the continent’s economy.
Better-than-expected reports on U.S. retail sales and industrial production didn’t help stock prices.
Investors are focusing on the potential long-term impact of severe austerity measures in some European countries like Greece, Spain and Portugal.
The euro fell to an 18-month low Friday.
In early morning trading, the Dow Jones industrial average is down 135.43, or 1.26 percent, at 10,647.52. The Standard & Poor’s 500 index is down 18.11, or 1.56 percent, at 1,139.32, while the Nasdaq composite index is down 42.72, or 1.78 percent, at 2,351.64.
Yesterday’s Top Performing Small Cap Stock:
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Muscle Flex Inc. was a SmallCapVoice.com top performer yesterday closing up over 4% on trading volume of 2,651,326 shares.
BRAVADA Muscle Flex Inc. recently announced that it is creating its media production subsidiary, BRAVADA Productions, a majority owned entity and has acquired a publicly traded shell, current stock symbol ARLRF (Hampton Gold Corp aka Ariel Resources), to facilitate the development and deployment of its media production business. No shares of BRAVADA Muscle Flex (MFLI) shall be issued in this transaction nor any cash.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies Subsidiary Whirlwind Media Services Selected to Promote “Jazz on the Pond”
Event to Feature Grammy Award Winning Artist Chaka Khan
NEW YORK, May 14, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets: TTCS), an information technology, security and telecommunications company, today announces that its award-winning Whirlwind Media Services subsidiary has teamed up with The Belasco Family Foundation to promote their charity event, Jazz on the Pond, in Rochester, New York.
Other Small Cap News
Camtek Ltd. (Nasdaq: CAMT)
Camtek Receives Order for Multiple Falcon Systems
Camtek’s FALCON System Selected by a Leading Assembly and Test Supplier for Advanced 2D and 3D Metrology and Inspection Applications
MIGDAL HAEMEK, Israel, May 13, 2010 /PRNewswire-FirstCall/ — Camtek Ltd. (NASDAQ and TASE: CAMT) (”Camtek”), announced today that a leading assembly and test supplier in Asia has selected the Falcon, Camtek’s Automatic Optical Inspection (AOI) system, for a 2D and 3D metrology and inspection solution. The full order included four systems; two systems will be installed during the second quarter of 2010 and additional two systems will be installed in the third quarter of 2010.
Geron Corporation (Nasdaq: GERN)
Geron Announces Positive Study Data on GRNCM1
Study Shows Geron’s Human Embryonic Stem Cell-Derived Cardiomyocytes Do Not Cause Arrhythmias in Animal Model of Chronic Heart Injury
MENLO PARK, Calif.–(BUSINESS WIRE)–Geron Corporation (Nasdaq:GERN) today reported positive preclinical study data showing that GRNCM1, Geron’s cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failure.
Novavax, Inc. (Nasdaq: NVAX)
Novavax Announces Publication of a Pre-clinical Study with its Pandemic 2009 H1N1 Influenza Virus-Like Particle (VLP) Vaccine
First report of a vaccine protecting ferrets against the 2009 pandemic H1N1 virus is published in the journal Vaccine
ROCKVILLE, Md., May 13 /PRNewswire-FirstCall/ — Novavax, Inc. (Nasdaq:NVAX) announces the first report of a vaccine protecting ferrets against the 2009 pandemic H1N1 virus has been published in the journal Vaccine May 12, 2010 online issue. Scientists from Novavax and the Centers for Disease Control and Prevention (CDC) based in Atlanta, GA, under a collaborative agreement, co-authored the scientific report.
China Direct Industries, Inc. (Nasdaq: CDII)
CDII Trading, Inc. in Contract to Supply Manganese Ore to a Manganese Trading and Refining Company in China
The Twelve-Month Contract to Be Sourced From Chile Expected to Generate up to $18 Million in Revenue
DEERFIELD BEACH, FL–(Marketwire - 05/13/10) - China Direct Industries, Inc. (”China Direct Industries”) (NASDAQ:CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that its wholly owned subsidiary, CDII Trading, Inc. (”CDII Trading”), has entered into a contract to supply manganese ore over the next 12 months to a privately held China-based trading and refining company.
Ballantyne Strong, Inc. (NYSE Amex: BTN)
China Film Group Selects Ballantyne Strong for an Additional 200 NEC Digital Cinema Projectors for Mainland China
OMAHA, Neb.–(BUSINESS WIRE)–Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, announced today that it has been selected to provide 200 NEC digital cinema projectors for China Film Group Corp. in theatres throughout The People’s Republic of China (PRC). Ballantyne expects to make initial shipments of 50 projectors in the second quarter of 2010, with the balance of the order to be shipped later this year. The new agreement follows a 100-projector order completed in Q2 ‘09 and a 160-projector order completed in Q1 ‘10.
Converted Organics Inc. (Nasdaq: COIN)
Converted Organics Ships Order of Its Lawn and Turf Fertilizer to Integrated Turf Care LLC of Florida
Commercial Landscaping Company Selects Converted Organics to Provide Its Customers With an Organic Lawn Care Solution and Contribute to the Area’s Resource Conservation Efforts
BOSTON, May 13, 2010 (GLOBE NEWSWIRE) — Converted Organics Inc. (Nasdaq:COIN) announced today that it has recently shipped an order of its Converted Organics(R) 8-1-4 Lawn & Turf all-natural, organic fertilizer to a new customer, Integrated Turf Care LLC (http://integratedturfcare.com/index.asp), a company which specializes in commercial landscaping services, based in Coral Springs, FL.
Celsion Corporation (Nasdaq: CLSN)
Celsion’s Phase III ThermoDox(R) HEAT Study Recommended for Continuation by Data Monitoring Committee
COLUMBIA, Md., May 13 /PRNewswire-FirstCall/ — Celsion Corporation (Nasdaq:CLSN) announced today that after reviewing data from 294 patients including data from 12 Japanese patients enrolled in the pivotal Phase III ThermoDox(R) clinical study (HEAT Study) for primary liver cancer, the Data Monitoring Committee (DMC) has recommended that Celsion continue to enroll patients in the trial.
BIDZ.com, Inc. (Nasdaq: BIDZ)
Bidz.com Announces Financial Results for the First Quarter 2010
David Zinberg, Chief Executive Officer, added, “I am pleased to report that we are beginning to see positive momentum in both our core business and many of our newer initiatives. Since the end of last year, our Bidz.com site has experienced increased activity in terms of the number of items sold per day, and both our Modnique.com and Buyz sites are off to a good start. Given these trends, as well as a somewhat improved overall economic climate, I believe that we will soon be seeing improved financial results. We remain focused on achieving profitability and leveraging our model to deliver higher earnings, cash flow and shareholder returns.”
Merit Medical Systems Inc. (Nasdaq: BSDM)
Merit Medical Systems will buy BioSphere for $96M
Merit Medical agrees to buy embolization particle maker BioSphere for $96M, or $4.38 per share
NEW YORK (AP) — Merit Medical Systems Inc. said Thursday it agreed to buy BioSphere Medical Inc., which makes tiny particles that are used deliver drugs or block blood flow to tumors, in a deal valued at $96 million.
The South Jordan, Utah, company said its offer values BioSphere stock at $4.38 per share. That is a premium of 46 percent above BioSphere’s closing price of $3 on Thursday.
eMagin Corporation (OTCBB: EMAN)
eMagin Posts Strong First Quarter Results
Net Income More than Doubles on Revenue and Margin Gains
“eMagin continued to build momentum during the first quarter, hitting its timelines in the development of two custom displays that will enter production this year, while achieving significant revenue growth and increasing margins in what has been historically a quarter of lower sales. Importantly, during the first quarter the Company was awarded additional funding for the development of night vision technology with the Army, and is on track in its development of an ultra-high resolution, 3-D capable microdisplay for the U.S. Army’s Telemedicine and Technology Research Center, which will contribute significantly to our revenue base in 2010 and 2011,” commented Andrew Sculley, eMagin’s president and chief executive officer.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Pull Back after Excitement Over Euro Fades
Submitted by SmallCapVoice.com
Excitement over the European Union’s nearly $1 trillion rescue program to support debt-burdened countries faded, even as Germany approved its share of the bailout.
The European bailout provided assurances that the euro would remain intact and countries would have access to loans. But heavily indebted nations like Greece still have to significantly scale back spending and programs. That means any European economic recovery could be slow and still drag down a global rebound. Major European indexes all fell.
Asian markets retreated after a report showed inflation in China accelerated last month. Continued high inflation might force the Chinese government to clamp down further on credit to prevent speculative bubbles. The country in recent months has forced banks to increase their reserves in an effort to slow a surging real estate market. China might eventually be forced to raise interest rates to fight inflation, which could slow the economy and imports.
Global economic indicators, such as the U.S. government’s monthly jobs report, had been overshadowed recently as investors feared debt problems in Greece would spread throughout Europe and hurt a recovery. Traders were also concerned about whether European debt woes could potentially destroy the euro, the currency used by 16 European countries.
In early trading, the Dow Jones industrial average fell 69.23, or 0.6 percent, to 10,715.91. The Standard & Poor’s 500 index dropped 9.49, or 0.8 percent, to 1,150.24, while the Nasdaq composite index fell 22.08, or 0.9 percent, to 2,352.59.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company, Inc was a SmallCapVoice.com top performer yesterday closing up over 26% on trading volume of 31,000 shares.
In a New Audio Interview at SmallCapVoice.com, Don Merrill, Tootie Pie Company’s President and CEO, Provides Details Regarding Recent News
May 11, 2010 (Business Wire) - SmallCapVoice.com, Inc. announced today that a new audio interview featuring, Tootie Pie Company, Inc. (OTCBB: TOOT) is now available. The interview can be heard at http://smallcapvoice.com/blog/5-10-10-audio-interview-with-tootie-pie-company-otcbb-toot/.
Today’s SmallCapVoice.com Hot Stock to Watch:
Vidaroo Corporation (OTCBB: VIDA)
Vidaroo Corporation (Formerly Gen2Media Corporation) and NARM, the Music Business Association, Partner for 2010 NARM Convention
May 11, 2010 (Business Wire) - Vidaroo Corporation (OTCBB: VIDA), the premier video publishing-software, content production and online video network (formerly-Gen2Media Corporation) and NARM, the music business association,-announce a new partnership for the 2010 NARM Convention and Music-Business Crash Course that will take place at the Hilton Chicago from-Friday, May 14 through Monday, May 17.
SmallCapVoice Clients’ News
Tie Technologies, Inc. (OTCPK: TTCS)
TIE Technologies Announces BIO Metric and Intelligent VIDEO Technology Development Project
NEW YORK, May 11, 2010 (GLOBE NEWSWIRE) - TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, security and telecommunications company, delivering innovative solutions for the dynamic global IT, security, and communications markets, announced today TIE TeleMetric Inc.’s BIO Metrics and Intelligent Video research and development project focused on positive identification technologies.
Other Small Cap News
Generex Biotechnology Corporation (Nasdaq: GNBT)
Generex Biotechnology Achieves Enrollment of Over 400 Subjects in Phase III Generex Oral-lyn(TM) Study
WORCESTER, Mass., May 10, 2010 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, today announced that it has achieved enrolled of over 400 subjects in its pivotal global Phase III study of its flagship product, Generex Oral-lyn(TM), a proprietary buccal insulin spray product designed to replace prandial injections of insulin.
Poniard Pharmaceuticals, Inc. (Nasdaq: PARD)
Poniard Pharmaceuticals Announces Results of Phase 3 SPEAR Trial of Picoplatin in Small Cell Lung Cancer to Be Presented at the American Society of Clinical Oncology 2010 Annual Meeting
SOUTH SAN FRANCISCO, Calif., May 10 /PRNewswire-FirstCall/ — Poniard Pharmaceuticals, Inc. (Nasdaq:PARD), a biopharmaceutical company focused on innovative oncology therapies, today announced that data from the Phase 3 SPEAR (Study of Picoplatin Efficacy After Relapse) trial evaluating the efficacy and safety of picoplatin as a second-line treatment in small cell lung cancer (SCLC) has been accepted for an oral presentation during the American Society of Clinical Oncology (ASCO) 2010 Annual Meeting.
Cavico Corp. (Nasdaq: CAVO)
Cavico Updates Progress on Major Construction Projects
HANOI, Vietnam–(BUSINESS WIRE)–Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today provides updates at key construction projects at Ta Trach Reservoir, Dambri Hydropower and A Luoi Hydropower Plants. As discussed further below, Cavico has successfully broken through the diversion tunnel at Ta Trach Reservoir, completed and handed over to project owner of Dambri Hydropower the road construction package - DR-XL 1&2 and completed the vertical shaft of package G61 at the A Luoi Hydropower Plant.
Baldwin Technology Company, Inc. (NYSE Amex: BLD)
Baldwin Secures Large Order for Newspaper Press Equipment
SHELTON, Conn.–(BUSINESS WIRE)–Baldwin Technology Company, Inc. (NYSE Amex: BLD), a leader in process automation technology for the global printing industry, announced today that it has received an order for the customer Concentra in Belgium through the press manufacturer Koenig & Bauer AG for the retrofitting of a blanket cleaning system valued at close to $1 million on their KBA Commander presses. The Baldwin system consists of a combination of brush technology cleaning and cloth technology cleaning to be installed as a retrofit at the Concentra facility in Paal-Beringen. Installation is planned to take place during the summer of 2010.
Rosetta Genomics, Ltd. (Nasdaq: ROSG)
Rosetta Genomics Announces New Patent Allowance and Provides Intellectual Property Update
REHOVOT, Israel & PHILADELPHIA–(BUSINESS WIRE)–Rosetta Genomics, Ltd. (NASDAQ: ROSG), a leading developer and provider of microRNA-based molecular diagnostic tests, announced today the receipt of a new notice of allowance from the United States Patent and Trademark Office (”USPTO”) for U.S. patent application 11/418,870, including claims related to Sanger hsa-miR-451. miR-451 is used in the Company’s miRview(TM) mets test, which accurately identifies the primary tumor site in patients with metastatic cancer and Cancer of Unknown Primary (CUP).
NIVS IntelliMedia Technology Group, Inc. (NYSE Amex: NIV)
NIVS Announces 2010 First Quarter Results and Guidance for Year 2010
Net income increased 121% to $5.3 million
HUIZHOU, China, May 10 /PRNewswire-Asia-FirstCall/ — NIVS IntelliMedia Technology Group, Inc. (”NIVS” or the “Company”) (NYSE Amex: NIV), a consumer electronics company that designs, manufactures and sells intelligent audio and visual products and mobile phones, announced today that net sales for the three months ended March 31, 2010, were $74.1 million compared to $29.3 million in the comparable prior year period, an increase of 153%. The increase in sales during the first quarter of 2010 compared to the first quarter of 2009 was attributed primarily to the launch of the Company’s mobile phone business and increased sales of the Company’s intelligent audio and video products, which the Company believes was the result of its market expansion efforts.
Zale Corporation (NYSE: ZLC)
Zale Corporation Announces Agreements to Strengthen Capital Structure and Changes to Board of Directors
New $150 Million Senior Secured Term Loan
DALLAS–(BUSINESS WIRE)–Zale Corporation (NYSE: ZLC) today announced that it has closed on a new $150 million, five year senior secured term loan (the “GGC Loan”) provided by Golden Gate Capital (“GGC”), a leading private equity firm with extensive experience in the retail sector. In addition to interest and fees on the GGC Loan, GGC will receive warrants to purchase common stock aggregating a 25% equity interest in the Company on a fully diluted basis once necessary shareholder approvals are obtained. Two representatives of Golden Gate Capital were also elected to serve on the Company’s Board of Directors.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks Surge on Global Effort to Ease European Debt Crunch
Submitted by SmallCapVoice.com
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.
The 16 countries that use the euro and the International Monetary Fund have agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt. Markets around the world plummeted last week as fears escalated that Greece’s debt problems would spread throughout Europe and upend a global economic recovery.
Investors also feared that if Greece didn’t get a bailout, the fate of the euro, which is used by 16 countries, could be in trouble. The euro rose Monday against the dollar.
The U.S. Federal Reserve and other central banks also stepped up with financial support to help head off what some analysts believe could have been a broader financial crisis.
The Fed reopened a program launched in 2008 during the credit crisis under which dollars are shipped overseas through the foreign central banks. Those central banks can then lend the dollars out to banks in their home countries.
Aside from the Fed, other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan are also involved in the dollar swap effort.
In midmorning trading, the Dow rose 397.45, or 3.8 percent, to 10,777.88. The Standard & Poor’s 500 index rose 46.85, or 4.2 percent, to 1,157.73. The Nasdaq composite index rose 104.20, or 4.6 percent, to 2,369.84.
Yesterday’s Top Performing Small Cap Stock:
Tie Technologies, Inc. (OTCPK: TTCS)
TIE Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 10% on trading volume of 7,815 shares.
TIE Technologies, Inc., an information technology, security and telecommunications company, recently announced that its award winning Whirlwind Media Services subsidiary has united with the Zonta Club of Bonita Springs to support victims of domestic violence by promoting the Glass Slipper Ball.
Whirlwind Media Services, www.whirlwindms.com provides high-quality multimedia services, specialty small business applications and Internet hosting solutions to a who’s who list of businesses, government agencies, prominent individuals and non-profit organizations worldwide. Whirlwind has a commitment to giving back and a track record of supporting worthy charitable organizations, amongst them Ronald McDonald House, Foster Care of South West Florida, Ricky Kings’ Children’s Fund and Mary’s House of Hope.
Today’s SmallCapVoice.com Hot Stock to Watch:
BRAVADA Muscle Flex Inc. (Pink Sheets: MFLI)
BRAVADA Muscle Flex Confirms it is Engaged in Late Stage Talks with a Major National Cable Network for the Broadcast of its Reality Show, The Complete Package(TM)
May 10, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) confirmed today that it is in late stage discussions with its partner, TLK Fusion (www.TLKFusion.com), with a major national cable television network for the broadcast of its TV Reality Show, The Complete Package. BRAVADA Muscle Flex also confirms that it had more than one offer to air The Complete Package from a major nationally based television cable network. BRAVADA chose to engage this particular national cable network because of a number of criteria that would provide an extremely beneficial environment for the growth and development of the reality show into a multi-season endeavor most important of which is the excitement and commitment this particular national cable network has for The Complete Package.
Other Small Cap News
US Gold Corporation (NYSE Amex: UXG)
US Gold’s Regional Drilling in Mexico Returns 213.9 gpt Silver Over 16.1 Meters at Palmarito
US Gold Corporation (NYSE Amex: UXG) (TSX:UXG) is pleased to announce results from five core holes at the Palmarito Project in Sinaloa State, Mexico. Palmarito is located 9 miles (15 km) from the Company’s flagship El Gallo silver discovery (Fig 1) and is part of an aggressive regional exploration program. The best hole from Palmarito intersected 6.2 ounces of silver per ton (opt) over 52.8 feet (ft) (213.9 grams per tonne silver (gpt) over 16.1 meters (m).
Innovative Solutions & Support, Inc. (Nasdaq: ISSC)
Innovative Solutions & Support, Inc. Receives $4 Million Order for Flat Panel Display Systems
EXTON, Pa.–(BUSINESS WIRE)–Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced today it has received an order valued at over $4 million to provide its B757 Cockpit/IP(TM) Flat Panel Display System.
Euroseas Ltd. (Nasdaq: ESEA)
Euroseas Ltd. Declares Quarterly Dividend, Announces Two Year Time Charter Agreement for Its Panamax Bulk Carrier M/V Eleni P and Sets Date for the Release of First Quarter 2010 Results, Conference Call and Webcast
MAROUSSI, GREECE and ATHENS, GREECE–(Marketwire - 05/07/10) - Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that the Company’s Board of Directors has declared a dividend of $0.05 per common share for the first quarter of 2010. The dividend is payable on June 18, 2010 to all shareholders of record as of June 11, 2010. This is the 19th consecutive quarterly dividend since the company accessed the capital markets in August 2005.
Rock of Ages Corporation (Nasdaq: ROAC)
Rock of Ages Receives Going Private Proposal
BARRE, Vt.–(BUSINESS WIRE)–Rock of Ages Corporation (NASDAQ:ROAC) today announced that its Board of Directors received an unsolicited proposal from Swenson Granite Company, LLC (”Swenson”) to purchase all outstanding shares of common stock, including shares underlying vested options, of Rock of Ages for a purchase price of $4.38 per share in cash.
Novavax, Inc. (Nasdaq: NVAX)
NOVAVAX Reports First Quarter 2010 Financial Results
“Our first quarter financial results reflect the continued progress of our clinical programs, the achievement of positive findings from our seasonal and H1N1 influenza programs and preparations for clinical testing of our respiratory syncytial virus (RSV) vaccine candidate later this year,” said Dr. Rahul Singhvi, President and Chief Executive Officer of Novavax.
Euro Tech Holdings Company Limited (Nasdaq: CLWT)
Euro Tech Holdings Company Limited Reports Contracts Awarded to Blue Sky
HONG KONG, May 10 /PRNewswire-Asia/ — Euro Tech Holdings Company Limited (Nasdaq:CLWT) today announced that its associated company, Zhejiang Tianlan Environmental Technology Co. Ltd., (”Blue Sky”), has recently been awarded five contracts totally US$10.7 million by five companies in China. The contracts cover design, supply, installation and commissioning of desulphurization equipment for various applications.
BioDelivery Sciences International, Inc. (Nasdaq: BDSI)
BioDelivery Sciences and Meda Announce the Approval of ONSOLIS in Canada
First Product Approved in Canada for the Treatment of Breakthrough Cancer Pain
RALEIGH, N.C.–(BUSINESS WIRE)–BioDelivery Sciences International, Inc. (Nasdaq:BDSI) today announced the approval of a New Drug Submission (NDS) by Health Canada, the regulatory authority in Canada, for ONSOLIS (fentanyl buccal soluble film) in the management of breakthrough pain in opioid-tolerant adult patients with cancer. ONSOLIS is the first product approved in Canada for this indication.
Encorium Group, Inc. (Nasdaq: ENCO)
Encorium Group, Inc. Announces New Business Contract Wins of $6.8 Million, Including Two Pivotal Phase III Studies for a Major Asian Technology Company
Announces Preliminary First Quarter 2010 Net Revenue and Net Loss
WAYNE, Pa., May 10 /PRNewswire-FirstCall/ — Encorium Group, Inc. (Nasdaq:ENCO), a full service multinational clinical research organization (CRO) conducting studies in over 30 countries for many of the world’s leading pharmaceutical and biotechnology companies, today announced that it has recently been awarded $6.8 million of new business awards, primarily consisting of two Phase III studies for a major Asian technology company that is diversifying its operations into the pharmaceutical industry.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are higher on signs of an improving domestic economy
Submitted by SmallCapVoice.com
The Labor Department said initial claims for unemployment benefits fell last week, though they did not drop quite as far as predicted. First-time claims dipped to 448,000 last week. Economists polled by Thomson Reuters had forecast a drop to 445,000.
Dealmaking and earnings have also provided fresh evidence the U.S. economy is on the mend.
Hewlett-Packard Co. said late Wednesday that it is buying smart phone maker Palm Inc. in an all-cash deal worth $1.4 billion. Acquisitions are a sign that the economy is recovering and companies are comfortable spending cash reserves to build their businesses.
Earnings from companies like Motorola, Time Warner Cable and Starwood Hotels & Resorts also topped expectations, which has been a regular trend throughout earnings season.
The upbeat signs in the U.S. economy come against a backdrop of ongoing debt concerns in Europe. European stock markets rose after two days of declines. Investors worldwide remain cautious about the European debt problems. Spain on Wednesday was the third country this week to see its debt rating slashed by Standard & Poor’s, following Greece and Portugal.
In early morning trading, the Dow Jones industrial average rose 77.08, or 0.7 percent, to 11,122.35. The Standard & Poor’s 500 index rose 10.87, or 0.9 percent, to 1,202.23, while the Nasdaq composite index rose 18.06, or 0.7 percent, to 2,489.79.
Yesterday’s Top Performing Small Cap Stock:
Grid Petroleum Corp. (OTCBB: GRPR)
Grid Petroleum Corporation was a SmallCapVoice.com top performer yesterday closing up over 19% on trading volume of 1,289,200 shares.
Grid Petroleum Receive SISM Independent Research Report – 18-24 Month Price Target $2.20, High Case of $9.69
Apr. 28, 2010 (Business Wire) - Grid Petroleum Corp. (OTCBB:GRPR) is pleased to announce the initiation of research coverage by leading independent research company, SISM Research and Investment Services of Zurich, Switzerland, which concludes with an 18-24 month target price of $2.20. The report goes on to detail an upside price of $9.69.
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTCBB: GWSC)
GWS Technologies, Inc. Appoints Business Development Representative for Wind and Solar Projects in Mexico
Apr. 29, 2010 (Business Wire) - GWS Technologies, Inc. (OTCBB: GWSC) an alternative energy company developing renewable energy solutions, today announced that it has appointed Lars Johnson as Business Development Representative for the Company’s planned solar farms, wind farms and other alternative energy power production projects in Mexico and Central America.
SmallCapVoice Clients’ News
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Goes Large at Shorty Smalls
Apr. 29, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that it had landed Shorty Smalls restaurant chain, which operates eight locations in Little Rock, Arkansas; Oklahoma City, Oklahoma; Branson, Missouri and Wichita, Kansas.
“We have been working hard to add restaurant chains to our list of Tootie Pie customers and Shorty Smalls not only opens us up to some great new cities, it comes through a new food distributor: Reinhart Foods, which means access to more restaurants and hotels,” said Don Merrill, President & CEO.
Other Small Cap News
Endologix, Inc. (Nasdaq: ELGX)
Endologix Announces Publication of Consolidated Long-Term Anatomical Fixation Clinical Trial Results
IRVINE, Calif., April 28 /PRNewswire-FirstCall/ — Endologix, Inc. (Nasdaq:ELGX), developer of minimally invasive treatments for aortic disorders, announced today the publication of consolidated results from its prospective, multicenter clinical trials of the Company’s Powerlink(R) stent graft for the endovascular repair of abdominal aortic aneurysms (AAA) using an anatomical fixation technique. The trial results demonstrate no aneurysm ruptures, no conversions to open repair, no device migrations, no stent fractures, no graft fatigue, no junctional endoleaks, no transgraft endoleaks, and 100% freedom from aneurysm-related mortality for up to five years post-implant. In addition, core lab evaluations found a low rate of limb occlusion (0.6% of limbs), with significantly reduced or stable aneurysm sacs in 95% and 93% of patients at one year and five years, respectively.
U.S. Energy Corp. (Nasdaq: USEG)
U.S. Energy Corp. Announces Cash Distribution From Standard Steam Trust
RIVERTON, Wyo., April 28, 2010 (GLOBE NEWSWIRE) — U.S. Energy Corp. (Nasdaq:USEG) (”USE” or the “Company”), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today announced that it has received a cash distribution of $1.1 million from Standard Steam Trust (”SST”).
pSivida Corp. (Nasdaq: PSDV)
pSivida Receives $15 million payment from Alimera Sciences
WATERTOWN, Mass.–(BUSINESS WIRE)–pSivida Corp. (NASDAQ:PSDV)(ASX:PVA), a leader in the development of ophthalmic sustained release drug delivery products, today said it had received full payment of a $15 million note, including an additional $225,000 in accrued interest, from Alimera Sciences, Inc., pSivida’s licensee developing Iluvien(R) for the treatment of diabetic macular edema (DME).
Minco Gold Corporation (NYSE Amex: MGH)
Minco Gold Has Commenced Field Program to Follow Up Discoveries at Oujiaba and Yejiaba Properties
VANCOUVER, BRITISH COLUMBIA–(Marketwire - 04/29/10) - Minco Gold Corporation (the “Company” or “Minco Gold”) (TSX:MMM)(AMEX:MGH)(Frankfurt:MI5) is pleased to announce that it has started its field program to follow the significant results and the discovery of the gold mineralization zone discovered during 2009 along the 6 km long structural zone on its Oujiaba property (13.2 g/t Au over 10.0 m, see March 9, 2010 press release) and along the +10 km long structural trend (100.2 g/t Ag, 1.25% Pb, 46.6% Fe over 5.0 M, March 23, 2010 press release) on its Yejiaba property both located in Gansu Province, P.R.C.
Prana Biotechnology (Nasdaq: PRAN)
Prana Provides Detailed Analysis of PBT2 Therapeutic Strategy for Alzheimer’s Disease
NEW YORK, NY–(Marketwire - 04/29/10) - Prana Biotechnology (NASDAQ:PRAN) (ASX:PBT) today announced the release of a position statement on the proposed mechanism of action of PBT2, Prana’s lead drug for the treatment of Alzheimer’s Disease. The statement provides an overview of a range of therapeutic strategies based on the ‘amyloid hypothesis,’ that typically aim to reduce the amount of the A-beta protein in the brain, in contrast to PBT2, where the therapeutic strategy is to not only clear A-beta from the brain, but also prevent it from becoming toxic to the brain, restoring normal neuronal function. The statement, entitled, “PBT2 - evidence-based unique mechanism to treat AD” is available on the company’s website at http://www.pranabio.com.
Magnetek, Inc. (NYSE: MAG)
Magnetek Receives $6 Million Order for Large Wind Power Inverters
MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Magnetek, Inc. (NYSE: MAG) today announced that it has received a production order for its E-Force(TM) wind power inverters valued at approximately $6 million. Magnetek’s modular utility-scale wind power inverters regulate and transform DC power generated by wind turbines into utility-grade AC power, which is distributed to the power transmission grid. The order is scheduled for delivery beginning in September 2010, through December 2010.
WCA Waste Corporation (Nasdaq: WCAA)
WCA Waste Corporation Announces Results for the Quarter Ended March 1, 2010
HOUSTON, April 28, 2010 (GLOBE NEWSWIRE) — WCA Waste Corporation (Nasdaq:WCAA) announced today financial results for the three months ended March 31, 2010. For the first quarter of 2010, revenue was $52.3 million, operating income was $3.6 million, and net loss available to common stockholders was $1.9 million, or $0.10 per share. Excluding the non-operational impact of the interest rate swap, merger and acquisition related expenses, and tax impact of restricted shares, our net loss available to common stockholders was $1.6 million, or $0.08 per share. Please refer to the attached tables below for a reconciliation of net loss available to common stockholders to adjusted net income (loss) available to common stockholders and for adjusted EBITDA as a percentage of revenue.
Entropic Communications, Inc. (Nasdaq: ENTR)
Entropic Communications Reports First Quarter Results
Entropic Communications Reports First Quarter Results Conference Call to be Webcast Today at 2:00 p.m. Pacific Time
SAN DIEGO, April 28, 2010 (GLOBE NEWSWIRE) — Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today reported its first quarter results for the period ended March 31, 2010. Entropic reported first quarter net revenues of $37.5 million, an increase of 7 percent compared with $35.1 million in the fourth quarter of 2009 and an increase of 56 percent compared to $24.1 million in the first quarter of 2009.
Geron Corporation (Nasdaq: GERN)
Geron Corporation Reports 2010 First Quarter Financial Results and Highlights
MENLO PARK, Calif.–(BUSINESS WIRE)–Geron Corporation (Nasdaq: GERN) today reported financial results for the three months ended March 31, 2010.
For the first quarter of 2010, the company reported operating revenues of $918,000 and operating expenses of $17.4 million, compared to $444,000 and $17.1 million, respectively, for the comparable 2009 period. Net loss for the first quarter of 2010 was $16.6 million, or $(0.18) per share, compared to $16.8 million, or $(0.20) per share, for the comparable 2009 period. The company ended the quarter with $166.5 million in cash and investments.
Hewlett-Packard Company (NYSE: HPQ)
HP to Acquire Palm for $1.2 Billion
Combination will Accelerate HP’s Growth within the More Than $100 Billion Connected Mobile Device Market
PALO ALTO, Calif. & SUNNYVALE, Calif.–(BUSINESS WIRE)–HP (NYSE: HPQ) and Palm, Inc. (NASDAQ: PALM) today announced that they have entered into a definitive agreement under which HP will purchase Palm, a provider of smartphones powered by the Palm webOS mobile operating system, at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion. The transaction has been approved by the HP and Palm boards of directors.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Stocks are off their lows on upbeat earnings and consumer confidence report
Submitted by SmallCapVoice.com
Stocks are bouncing off their morning lows after a research group said consumer confidence is climbing.
The Conference Board’s consumer confidence index for April has jumped to 57.9, higher than the 53.5 forecast by economists polled by Thomson Reuters.
The upbeat report Tuesday is helping stocks regain some ground. Investors have been concerned about Greece’s debt problems and China’s latest attempts to curb a hot economy.
Strong earnings results from 3M and DuPont are also helping the market.
The Dow Jones industrial average is down 8.61, or 0.1 percent, at 11,196.42. The Standard & Poor’s 500 index is down 4.12, or 0.3 percent, at 1,207.93, while the Nasdaq composite index is down 6.08, or 0.2 percent, at 2,516.87.
Yesterday’s Top Performing Small Cap Stock:
Grid Petroleum Corp. (OTCBB: GRPR)
Grid Petroleum Corp. was a SmallCapVoice.com top performer yesterday closing up over 5% on trading volume of 1,156,930 shares.
Grid Petroleum Corp. announced the execution of a $5 million US Dollar equity financing agreement with a European Institutional investor. The initial agreement is for an initial sum of $5 million with the provision to increase this amount further if necessary.
The deal comes at a time when Grid has acquired close to four thousand acres of oil and gas properties in the Jonah Field region of Wyoming, USA – North America’s second largest proven gas reserve. As a ‘draw down’ agreement, the equity financing allows Grid to draw on this money as and when required by it’s Jonah Field exploration, eliminating debt, while leaving the prospect of future exploration and production on the site a real possibility.
Paul Watts, CEO of Grid Petroleum, said: “This equity financing has come at a time when Grid is preparing to undertake exploration on one of the richest natural gas sites in North America. Thanks to this agreement, we’re able to fully undertake this exploration with the best resources available. We firmly believe it opens up the full potential of the leases’ future productivity, while allowing us to protect our investors through the absence of debt”.
Today’s SmallCapVoice.com Hot Stock to Watch:
Balqon Corporation (OTCBB: BLQN)
Balqon Corporation, an emerging developer and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, recently announced its financial results for the year ended December 31, 2009 on March 31, 2010.
Revenues for 2009 were $3,598,752, an increase of $3,395,092, or 1,667%, over revenues of $203,660 for 2008. The increase in net revenues in 2009 is a direct result of the ramp up of our business in 2009 during which sales of our vehicles and parts increased by $3,148,798 over 2008.
Between February 2, 2010 and April 12, 2010, Balqon raised $1,500,000 through the sale of its convertible notes and warrants to accredited investors in a private placement transaction. The proceeds of $1,500,000 are allocated to general working capital.
“We believe that the growth in our revenues in 2009 validates our ability to commercialize our core drive system technologies and meet the growing needs of the zero emission vehicle markets we serve,” said Balwinder Samra, Chief Executive Officer of Balqon Corporation. “The successful implementation of higher range lithium-ion batteries into our heavy duty vehicles and development of proprietary battery management system are examples of our ability to develop and implement new technologies while generating record revenue growth,” said Mr. Samra.
Other Small Cap News
Strategic Diagnostics Inc. (Nasdaq: SDIX)
SDIX, AES CHEMUNEX RapidChek Agreement Expands Range of Food Pathogen Test Systems in Europe
NEWARK, Del.–(BUSINESS WIRE)–Strategic Diagnostics Inc., now doing business as SDIX (Nasdaq: SDIX), a leading provider of biotechnology-based products and services for a broad range of life science, biotechnology, diagnostic, and food safety applications, today announced it has signed a distribution agreement with AES CHEMUNEX.
ThermoGenesis Corp. (Nasdaq: KOOL)
ThermoGenesis Extends Global Reach for Bone Marrow Products With New Distribution Agreements
AGREEMENTS INCREASE PRESENCE IN ASIA AND CENTRAL / SOUTH AMERICA
RANCHO CORDOVA, Calif., April 26 /PRNewswire-FirstCall/ — ThermoGenesis Corp. (Nasdaq:KOOL), a leading supplier of innovative products for processing and storing adult stem cells, announced today that it has signed two new distribution agreements that will further extend its global reach into Asia and Central and South America for its offerings in the bone marrow stem cell regenerative medicine market. The Company has now completed four new distribution agreements in the past 90 days, significantly enhancing its ability to market and sell its products throughout the world.
Cleveland BioLabs, Inc. (Nasdaq: CBLI)
Cleveland BioLabs Announces Launch of Incuron Joint Venture to Develop Curaxin Compounds
BUFFALO, NY–(Marketwire - 04/26/10) - Cleveland BioLabs, Inc. (NASDAQ:CBLI) today announced the opening of the U.S. office of Incuron, LLC, a joint venture between CBLI and Bioprocess Capital Ventures, LLC, which triggers the first tranche of investment ($5.7 million) into Incuron.
Online Resources Corporation (Nasdaq: ORCC)
Online Resources Granted Biller-Direct Electronic Payments Patent
Covers Live Agent, IVR and Web Card Payments to All Biller Types
CHANTILLY, Va.–(BUSINESS WIRE)–Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced that it has been awarded a new patent for a broad range of biller service provider (BSP) bill payment transactions by the United States Patent and Trademark Office. U.S. Patent No. 7,693,790 extends to mid-2014 and covers the technology and processes used in the company’s eCom Advantage Suite.
US Gold Corporation (NYSE Amex: UXG)
US Gold Corporation: El Gallo Continues to Impress
TORONTO, ONTARIO–(Marketwire - 04/26/10) - US Gold Corporation (AMEX:UXG)(TSX:UXG) is pleased to announce expansion and in-fill core drill results (Fig. 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results of the twelve holes assayed since April 6, 2010 are: 7.2 ounces of silver per ton (opt) over 100.9 ft (feet) (247.1 grams per tonne silver over 30.8 meters (m), 5.7 opt silver over 110.7 ft (195.2 gpt silver over 33.8 m) and 4.5 opt silver over 100.4 ft (154.5 gpt silver over 30.6 m).
GeoGlobal Resources Inc. (NYSE Amex: GGR)
GeoGlobal Announces Commencement of Drilling in Rajasthan
CALGARY, ALBERTA–(Marketwire - 04/26/10) - GeoGlobal Resources Inc. (GeoGlobal or the Company) (AMEX:GGR) announces today that the drilling of the first well on the Rajasthan blocks, the Rachan-1, commenced on April 21, 2010. Oil India Limited, as operator of the Exploration Block RJ-ONN-2004/3 (RJ Block 21), is drilling the Rachan-1 vertically to an estimated total depth of 1,500 meters to test the Jodhpur Sandstone and the Upper Carbonate group. GeoGlobal has a 25% participating interest share of the Rachan-1 exploration well.
EarthLink, Inc. (Nasdaq: ELNK)
EarthLink Announces First Quarter 2010 Results
Raises Full Year Guidance, Increases Quarterly Dividend
“We are very pleased that our first quarter operating results and financial performance were ahead of expectations. The tenure of our customer base continues to increase as the vast majority of our consumer base has been an EarthLink customer for two years or more, and nearly half for five years or more. We are seeing the positive impact of this increasing tenure on substantially all of our key operating metric trend lines. The increased guidance we announced today reflects these latest trend lines,” explained EarthLink Chairman and Chief Executive Officer Rolla P. Huff.
Pluristem Therapeutics Inc. (Nasdaq: PSTI)
Pluristem Therapeutics Raises $2.7 Million in Private Placement of Restricted Common Stock
HAIFA, Israel, April 27, 2010 (GLOBE NEWSWIRE) — Pluristem Therapeutics Inc. (Nasdaq:PSTI) (DAX:PJT) today announced that it has entered into definitive agreements with selected investors to sell restricted common stock and warrants for aggregate gross proceeds of approximately $2.7 million. The offering includes 2,420,293 shares of common stock, warrants to purchase 726,088 shares of common stock at an exercise price of $1.25 per share and warrants to purchase 726,088 shares of common stock at an exercise price of $1.40 per share. The warrants will be exercisable for a period of two and a half years and five years respectively commencing six months following the issuance thereof. The closing is scheduled to take place no later than close of business today, April 27, 2010.
India Globalization Capital, Inc. (NYSE Amex: IGC)
India Globalization Capital Announces $160 Million, 5 Year Iron Ore Supply Contract With Leading Chinese Steel Manufacturer
BETHESDA, MD–(Marketwire - 04/27/10) - India Globalization Capital, Inc. (AMEX:IGC), a rapidly growing materials and infrastructure company in India, announced today they have signed a 5 year contract with a leading Chinese steel manufacturer, to begin supplying iron ore. The contract is valued at approximately $160 million.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
Car Charging Group, Inc. Signs Agreement to Install ChargePoint Networked Charging Stations at Delray Professional Center
MIAMI BEACH, Fla., April 14, 2010 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI - News) today announced it has signed an agreement to install and maintain Coulomb Technologies ChargePoint(R) Networked Charging Stations for electric vehicles for the occupants of The Delray Professional Center, a 43,000 square foot medical/professional building on 1.93 acres in Palm Beach County, located at 1300 NW 17th Ave, Delray Beach, Florida.
“The Delray Professional Center prides itself on offering its tenants unparalleled building amenities,” said Steve Newman, Property Manager of The Delray Professional Center. “New green technologies, such as car charging stations that require no capital investment from us, create enormous opportunities for our facility to simultaneously improve the environment as well as the daily experience of our valued tenants.”
Occupants of The Delray Professional Center who own electric vehicles will now be able to conveniently charge their vehicles at the charging stations located on site. Under the agreement, The Delray Professional Center will share a percentage of the revenue derived from the charging stations.
“Applications are currently being taken for the Nissan Leaf, Chevy Volt, the Fisker Karma, and the Tesla Roadster for delivery in 2010. It is only a matter of time before drivers make the transition from gasoline-powered vehicles to electric vehicles, and we are prepared to help develop an EV charging infrastructure to aid the process,” said Andy Kinard, President of Car Charging Group.
About Car Charging Group, Inc.
Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with its landowner partners to identify appropriate locations for its charging stations. The Company seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
An estimated 40 million plug-in electric vehicles, such as the Nissan Leaf, GM Chevy Volt, Fisker Automotive Karma, and Tesla Roadster, are expected to be on the road by 2030. Car Charging Group and other companies in the EV industry like ECOtality and Better Place, realize the need to establish charging station networks throughout the transportation infrastructure to provide easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging stations. The Company initially plans to launch its service in the South Florida market and expand nationally and internationally over time.
Car Charging Group, Inc. is based in Miami, Florida. The Company’s website can be viewed at http://www.globenewswire.com/newsroom/ctr?d=188715&l=8&a=www.carcharging.com&u=http%3A%2F%2Fwww.carcharging.com.
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changes.
Beckerman Public Relations
Press Contact:
Joanne Kaniewski
201.465.8019
Fax: 201.649.1081
jkaniewski@beckermanpr.com
One University Plaza, Suite 507
Hackensack, New Jersey 07601
ZA Consulting, Inc.
Investor Relations
305-521-0150
Notice:
1800blogger.com, Inc. has been compensated $5,000 by a third party to profile the Car Charging Group, Inc. story to investors. Please read the rest of our disclaimer which could be found by clicking on the link (disclaimer) at the top of any page on this blog.
Obama Initiative Great News for Car Charging Group (CCGI.OB)
President Barack Obama has called on the U.S. to put 1 million electric vehicles (EVs) and plug-in hybrids on the road by 2015. But the country won’t get anywhere close to that number until drivers are confident they can find places to recharge their vehicles.
All of this information is extremely positive for Car Charging Group (CCGI.OB).
Notice:
1800blogger.com, Inc. has been compensated $5,000 by a third party to profile the Car Charging Group, Inc. story to investors. Please read the rest of our disclaimer which could be found by clicking on the link (disclaimer) at the top of any page on this blog.
Car Charging Stations for Electric Vehicles – Is this the Next Billion Dollar Industry?
Who invented the first personal computer is not an easy question to answer? The first computer was designed in 1936 and most people would agree that IBM created the first personal computer. From the original invention of computers for consumers, an entire industry was born and the world was introduced to billionaires such as Bill Gates and Michael Dell.
Motorola, CNN, Dell and many other billion dollar companies have all been borne from new industries that were created as a result of technological or regulatory advancements. Respectively and in the case of Motorola, CNN and Dell, we are referring to the cell phone, cable television and personal computer industries
Over the next few years, a growing percentage of automobiles in the United States will become hybrid or all electric vehicles. Most financial industry experts agree that the companies that are operating in the rapidly growing infrastructure support space for EV’s are in the infancy of the next billion dollar industry.
Most of the major automakers are racing to develop electric vehicles and the first of them are slated to arrive this year. Ford is one of several major auto manufacturers with concrete plans for a line of electric vehicles in the near future. Ford plans on selling an electric version of a commercial van this year, followed by an electric option of the popular Ford Focus in 2011. Nissan is introducing an electric car to businesses in 2011 and to consumers in 2010. General Motors, after some minor missteps, plans on introducing the long-awaited Chevrolet Volt late this year.
With all the electric vehicles expected to be on the market within the next 24 months, the question most people have is just where to charge these vehicles when they aren’t in your driveway. One comedian recently quipped, “With all the electric vehicles expected to be on the market in 2011, I’m going to medical school to study range anxiety.”
William Clay Ford Jr., Executive Chairman of Ford recently stated, “We can provide the vehicles; we can provide the hardware. But we cannot unilaterally solve all the national issues.” Mr. Ford is referring to the number one challenge that is affecting the adoption of electric vehicles in this country, “How to build the national infrastructure to charge all the vehicles?”
Most experts agree that in order to encourage the adoption of electric vehicles, charging stations that follow a nationwide standard will be needed at every shopping mall, supermarket parking lot, parking garage and countless other locations. In fact, a national infrastructure of charging stations is of paramount importance to the federal government and to the automobile industry. If electric will fuel the electric cars; then the charging stations will fuel the rate of adoption of these electric cars. The U.S. government has awarded $2.4 billion in stimulus funds for the manufacture of vehicles and their components as well as to establish a national vehicle charging infrastructure. Among the grants is funding for establishing 12,500 charging stations across five states.
Based in Florida, Car Charging Group is at the forefront of the electronic vehicle revolution. The company aims to blanket cities with charging locations that would be installed in public parking lots and many other public locations. Free to the business and/or building owner, the company’s revenue model will be based on a per use fee charged to the vehicle owner. Besides being free, there is an added value to the business owner. Case studies confirm that access to these charging locations will also attract consumers into the business while their vehicle is being charged.
The company believes it can become the premier owner of the ChargePoint™ EV charging system in the United States. As a member of the ChargePoint™ Network, users of the ChargePoint™ system can gain access to a ChargePoint system regardless of who owns the system.
As one astute investor really stated, “Which industry is more healthy, the guys that make the cars or the guys that make the gasoline?” As thousands of investors clamor to determine how to make money from the advent of electronic vehicles, it may be as obvious as Car Charging Inc.
Traded on the OTCBB under the symbol CCGI, Car Charging Group has about 72 million shares outstanding. One of the company’s main competitors recently raised several hundred million dollars through venture capital investors. Car Charging Group and the ChargePoint™ system and network will be a key driver for the adoption of electronic vehicles. Whether you’re an automobile manufacturer, a municipality or simply a consumer, Car Charging Group, Inc. will help accelerate the adoption of electronic vehicles while helping to sustain the health of the environment.
The market for charging stations and the company’s operating in this new energy space may be at the ground floor of the next billion dollar industry. We believe they are.
Notice:
1800blogger.com, Inc. has been compensated $5,000 by a third party to profile the Car Charging Group, Inc. story to investors. Please read the rest of our disclaimer which could be found by clicking on the link (disclaimer) at the top of any page on this blog.
China To Purchase Half of IMF’s Gold
Submitted by Ducimus Plinius
China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
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World central banksstarted to increase their gold reserves after prices on gold began toclimb in 2001. The IMF sells gold within the scope of a program todiversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons ofgold in accordance with the adequate decision made by the board ofdirectors of the fund in September of 2009. India, Mauritius and SriLanka purchased about 212 tons of the amount at the end of 2009. Indiapurchased most – 200 tons.
China’s interest in international trade is connectedwith the development of the nation’s economy, as well as with thegrowing consumer demand in the country.
“Chinese officials have confirmed previousannouncements from IMF experts and said that the purchasing of 191 tonsof gold would not exert negative influence on the world market. Chinais interested in the development of the domestic consumer market,” theagency reports.
Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said.
The IMF has received the profit of $7.2 billion fromgold sales. A part of the funds is to be used for crediting poorcountries.
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Market Scan for 25 February 2010
Submitted by Ducimus Plinius
At the close on Thursday 25 February 2010
| The table below identifies the stocks returned on a scan of the Canadian and US markets using a “Stockcharts” search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.
The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume levels displayed in the last 2 months. |
Canadian StocksUnder $5.00 |
Canadian StocksOver $5.00
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U.S. StocksUnder $5.00
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U.S. StocksOver $5.00 |
Ducimus Plinius is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer
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Market Scan for 24 February 2010
Submitted by Ducimus Plinius
At the close on Wednesday 24 February 2010
| The table below identifies the stocks returned on a scan of the Canadian and US markets using a “Stockcharts” search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.
The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume levels displayed in the last 2 months. |
Canadian StocksUnder $5.00 |
Canadian StocksOver $5.00
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U.S. StocksUnder $5.00
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U.S. StocksOver $5.00 |
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The scan returns above only identify potential candidates. In that list, there is a mixed bag of stocks about to enter Stage II, some are already well into Stage II, some are not at all. Since I am only looking for stocks entering Stage II, I must then examine each chart individually to determine whether the stock actually shows potential to cross above the Stage II Neckline and enter stage II; as described by Stan Weinstein. Having examined the chart of each of the stocks listed above, the following attracts my attention by displaying characteristics signalling a potential entry into Stage II.
I therefore added it to my watchlist. |
Ducimus Plinius is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer
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HeadsUp Entertainment (HDUP:PK) – Hitting the Jackpot with Poker’s Worldwide Popularity
Peruse the market for small cap stocks and you’ll find of bunch of geniuses trying to make money in the online poker world. Without naming names, a publicly-traded British Columbia- based company has created an online monopoly-type poker game using non legal currency until online poker becomes legal in North America. It makes as much sense as fingerless gloves. That’s why I’ve stayed away from trying to make money in the poker market until now. That is, until I discovered HeadsUp Entertainment Inc (HDUP:PK).
Although no one can truly determine the size of the poker market because because many of the online gambling companies are privately owned and are not obligated to publish their balance sheets, Goldman Sachs estimated the size of the U.S. online poker market to be $1.5 billion in 2008. Other reports I’ve read estimated the North American market to be approximately $30 billion with online poker raking in over $50 billion annually worldwide.
If you want the trace the surge of popularity of poker in North America, you need to know the name Chris Moneymaker. An accountant by trade and a $40,000 a year employee as per the U.S. Internal Revenue Service, Moneymaker parlayed $40 into $2.5 million in the 2003 World Series of Poker and from that remarkable run, 2.5 million poker players in the United States or as some may say, “dreamchasers” were born.
Recently, Canadian provinces have now entered into the online gaming market. A famous cynic once said, “Government-owned businesses are simply offshoots of tax revenue loss.” In English, this means that if enough non-taxable business is done in any jurisdiction in the world, you can bet that local and federal governments will aim for a piece of that pie. That remains true for any country in the world. In fact, cities such as Las Vegas and Atlantic City were built with that exact strategy in mind.
Some lottery corporations across Canada have now adopted the world of online gambling. British Columbia offers online poker, letting players bet as much as $9,999 a week in games. Earlier this month, Loto-Quebec announced its intention to offer online gambling and poker.
All of these activities have placed HeadsUp Entertainment in quite an enviable position for 2010. Over the past 6 years, the Company has built an all inclusive media model being the only ones producing poker television in the country, publishing Canada’s only poker magazine and now launching its online poker television network. By entrenching itself in its casino partner relationships, HeadsUp has implemented barriers to entry for international competitors and has positioned itself as a prime candidate for acquisition.
The company is not trying to create a gambling operation. Therefore and unlike many of the small poker sites, there are no legal issues to battle down the road. HeadsUp Entertainment is simply trying to capitalize on the popularity of the surge of poker in North American casinos. Unless ESPN is aiding and abetting, you can be assured that the current company will remain far from any legal quagmires as a result of gambling statutes in North America. With a focus on Canada, the company’s goal is to create a global media company exclusively focused on the poker market. Although the company directly benefits from the popularity of online poker sites, the company’s strategy is focused on the casino-based poker market. The company’s strategy encompasses the growth of the Canadian Poker Tour. In order to attract players to the HeadsUp Brand, the company will lure a membership through the exclusive Players Card and the Canadian Poker Player Magazine.
The Players Card is a membership program which will offer players significant products’ and services’ discounts. As a member of the Players Card, all members can earn enough points to participate in the year-end CPT Players Point Championship. Among other prizes is a $100,000 payday to the winner.
With partnerships with more than 40 casinos in Canada, Heads Up is building the Canadian Poker Tour along with the website canadianpokertour.tv which will benefit the casinos as well as the Canadian Poker Tour brand. To date, the company has signed one of the best talent pools in poker today for future events.
The final leg of the marketing trifecta is Canadian Poker Player magazine. Canadian Poker Player Magazine creates a forum to co-license events with casinos, corporate clients, players and readers to market the company’s events and products to a targeted audience. Already the #1 magazine for serious poker players in Canada, the company plans on increasing circulation to 100,000 within the next three years.
HeadsUp Entertainment currently has XXXXXXX shares outstanding. With three thriving brands in a rapidly expanding market, HeadsUp Entertainment represents one of the best risk-reward investment opportunities in the North American poker market today. Almost 3 million people in the United States play online poker and with well over 3 million in North America participating in the worldwide poker phenomenon, shares of Heads Up may be poised for explosive growth over the next few months.
Please expect daily posts regarding HeadsUp. For more information, you can visit http://finance.yahoo.com/q?s=HDUP.PK
Notice:
1800blogger.com, Inc. has been compensated 500,000 shares of HeadsUp Entertainment International Inc. (HDUP:PK) by a third party to profile the HeadsUp Entertainnment International Inc. story to investors. Please read the rest of our disclaimer which could be found by clicking on the link (disclaimer) at the top of any page on this blog.
Market Scan for 23 February 2010
Submitted by Ducimus Plinius
At the close on Tuesday 23 February 2010
| The table below identifies the stocks returned on a scan of the Canadian and US markets using a “Stockcharts” search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.
The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume levels displayed in the last 2 months. |
Canadian StocksUnder $5.00 |
Canadian StocksOver $5.00
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U.S. StocksUnder $5.00
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U.S. StocksOver $5.00 |
Ducimus Plinius is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer
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Yesterday’s Top Performing Small Cap Stock:
Submitted by SmallCapVoice.com
Tootie Pie Company, Inc. (OTCBB: TOOT) was a SmallCapVoice.com top performer yesterday closing up over 6% on trading volume of 25,314 shares.
Tootie Pie reported the best overall quarterly operating results in the Company’s history. The shift to increase retail sales growth from existing and planned acquisitions has positioned Tootie Pie for continued sales growth and profits.
A new Audio Interview with Don Merrill, President and CEO of Tootie Pie Company is now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/2-17-10-audio-interview-with-tootie-pie-company-otcbb-toot/
A fact sheet on Tootie Pie Company, Inc. is available here: http://www.smallcapvoice.com/toot/factsheet.html
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