2-10-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Submitted by SmallCapVoice.com
Stocks turn lower after comments by Fed Chairman Bernanke
The stock market is falling as Federal Reserve Chairman Ben Bernanke details plans for dismantling the central bank’s economic support measures.
Bernanke says in prepared remarks to a House committee Wednesday that the Fed likely will begin tightening credit by raising the interest rate it pays to banks on the money they have deposited at the Fed.
That would lead to an increase in borrowing rates for consumers and businesses. The Fed chief cautioned that the central bank is not yet ready to boost interest rates.
The Dow Jones industrial average is down 75 at 9,983 after being flat ahead of Bernanke’s comments. The Standard & Poor’s 500 index is down 9 at 1,062. The Nasdaq composite index is down 16 at 2,135.
Yesterday’s Top Performing Small Cap Stock:
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer yesterday closing up over 34% on trading volume of 35,215 shares.
GWS stands for GreenWindSolar. GWS is an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. GWS is also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, GWS is helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution.
Today’s SmallCapVoice.com Hot Stock to Watch:
Worldwide Food Services, Inc. (Pink Sheets: WFSV)
Worldwide Food Services, Inc. announced today the Company has signed a Letter of Intent to acquire Veterans Consulting Group, Inc. Details will be made available upon completion of the acquisition.
Worldwide Food Services, Inc. is 100% Debt-free. The Company owes no suppliers or manufacturers; inventories that are held have all been paid for-in-full.
SmallCapVoice Clients’ News
Medical International Technology Inc. (OTCBB: MDLH)
Dr. Francis Bellido named Vice-President and Chief Strategy Officer of Medical International Technology Inc.
DENVER, CO, Feb. 9 /PRNewswire-FirstCall/ – Medical International Technology Inc. (MDLH) www.mitneedlefree.com MIT is pleased to announce the nomination of Dr. Francis Bellido, PhD, MBA, as the 4th member to join the newly-formed Advisory Board. Mr. Bellido will also hold the position of Vice-President and Chief Strategy Officer.
Other Small Cap News
Versar, Inc. (NYSE Amex: VSR)
Versar, Inc. Awarded $13 Million Subcontract to Provide Chemical Munitions Destruction Using Explosive Detonation Technology
SPRINGFIELD, Va.–(BUSINESS WIRE)–Versar, Inc. (NYSE Amex:VSR) announced today the award of a $13 million subcontract from URS Corporation (NYSE: URS) through its EG&G Defense Materials subsidiary for Chemical Munitions Destruction using the first-of-a-kind DAVINCH system (Detonation in a Vacuum Assisted Chamber).
Express-1 Expedited Solutions, Inc. (NYSE Amex: XPO)
XPO Reports Fourth Quarter Revenue Growth of 27%
In the fourth quarter, preliminary revenue from continuing operations increased by 27% to $31.6 million compared to $25.0 million in the fourth quarter of 2008. The acquisition of LRG International, Inc. on October 1, 2009 contributed $1.9 million to revenue for the quarter.
Mad Catz Interactive, Inc. (NYSE Amex: MCZ)
Mad Catz Reports Fiscal Third Quarter Net Sales of $48.8 Million and Net Income of $5.6 Million
Strong Growth in Sales and Gross Margin Lead to Record Quarterly Net Income, Diluted EPS and EBITDA
Mad Catz reported net sales for the quarter ended December 31, 2009 of $48.8 million, an increase of 19% from third quarter net sales of $40.8 million in fiscal 2009 and the second-best quarter of sales in the Company’s history.
Samson Oil & Gas Limited (NYSE Amex: SSN)
Samson Oil & Gas Advises on the Gene #1-22H Well Progress
Gene #1-22H (Samson 30.6% Working Interest)
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the Gene #1-22H, as of 0600 hours CST Tuesday, February 9th, was drilling ahead at 14,427 feet (measured depth) within the primary target, the middle Bakken Formation. At this depth, 2,900 feet of the lateral has been drilled with 2,600 feet remaining to be drilled, with the drilling operation proceeding as planned.
Wizzard Media (NYSE Amex: WZE)
Wizzard Media Launches First of Its Kind Reoccurring Revenue Model for Podcast Publishers Through In App Purchasing for iPhone Apps
The Monetization Revolution For Mobile Media Has Begun
PITTSBURGH–(BUSINESS WIRE)–Wizzard Media (NYSE Amex: WZE), the world’s largest podcasting network, today announced the availability of In App Purchasing for its Podcast App in the iTunes App store. The updated App was recently approved by Apple and is available for Wizzard’s podcast companion App publishers immediately.
Athersys, Inc. (Nasdaq: ATHX)
Athersys Receives U.S. Patent Covering Adult Stem Cell Composition & Production
Athersys Also Granted European Patent for Non-Embryonic, Pluripotent Stem Cells
CLEVELAND, Feb. 10, 2010 (GLOBE NEWSWIRE) — Athersys, Inc. (Nasdaq:ATHX) announced today that it has been granted U.S. patent 7,659,118 that covers non-embryonic multipotent stem cells, their isolation and expansion, and related pharmaceutical compositions.
AVANIR Pharmaceuticals, Inc. (NASDAQ: AVNR)
AVANIR Pharmaceuticals Announces Issuance of New U.S. Zenvia Patent
Provides Patent Protection for PBA Indication into 2025
The new patent will provide AVANIR with patent protection for low-dose quinidine formulations of Zenvia used to treat pseudobulbar affect (PBA).
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