CitySide Tickets, Inc. (CIST.PK) to Capitalize Multibillion-Dollar MMA Industry through New Subsidiary

March 11th, 2010

CitySide Tickets, Inc., owner and operator of a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events, announced today after the closing bell that the company will be forming CitySide Entertainment for the purpose of promoting and sponsoring Mixed Martial Arts (MMA) events.

According to Scarborough Sports Marketing, a sports fan research firm, MMA fans are 15 percent more likely than the average American adult to have a household income of more than $75,000 and 10 percent more likely to own a second home. Building itself as a mainstream competitive sport, MMA is now a multimillion-dollar industry. It can be found on pay-per-view television, as well as in thousands of training halls across the United States.

Company CEO Michael DeAmicis stated, “Mixed Martial Arts (MMA) has become one of the fastest growing sports in the United States. With our focus of becoming a major player in the event ticket market, it only made sense to include MMA in our business strategy. With the formation of CitySide Entertainment, we will attempt to leverage the rapid growth within the MMA industry to further expand our influence in the larger entertainment industry.”

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Longwei Petroleum Investment Holding Ltd. (LPIH.OB) – Another Winner Brought to You by QualityStocks

March 11th, 2010

Longwei Petroleum Investment Holding Ltd. closed at $2.13 today, down about 10% from yesterday’s close. But that probably doesn’t worry shareholders who bought the stock when it was first mentioned in the FREE Daily QualityStocks Newsletter on April 6, 2009. At that time, the stock traded for about $0.32 a share. Even with today’s action contented shareholders are sitting on a tidy gain of 565%!

Longwei Petroleum transports, markets and sells finished petroleum products in China. The company earns profits by selling its products at competitive prices to large-scale gasoline stations, coal plants, other power supply customers and small, independent gasoline stations. Longwei’s primary facilities are located in Shanxi Province – Taiyuan City and Gujiao. The company’s storage tanks have the largest capacity of any non-government operated entity in Shanxi Province.

It is part of QualityStocks’ mission statement to help investors discover emerging companies that offer exciting growth potential. We endeavor to connect readers with companies that will succeed both in the short-term and in the longer-term. QualityStocks provides investors with a daily blog that keeps investors up-to-date on everything going on in the micro-cap and small-cap markets. Check out the blog at http://blog.qualitystocks.net.

In addition, we offer the QualityStocks Daily Newsletter. It brings together specific stock recommendations from hundreds of investment newsletters, allowing readers to see the newsletter writers’ picks each and every day. To subscribe to the newsletter, please visit www.signup.qualitystocks.net.

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Green Energy Live Inc. (GELV.OB) Announces Intentions to Acquire Leading Vermont Clean Energy Company

March 11th, 2010

Green Energy Live Inc. is a clean energy company developing sustainable biomass-to-energy conversion technology for the nation’s livestock industry. The company today reported its intentions to acquire Peck Electric, Vermont’s leading electrical contracting services provider. Peck Electric reportedly has a solid telecommunications division, established long-term relationships with existing customers, and a proven ability to make contacts with potential new customers.

Karen Clark, president and CEO of Green Energy said Peck Electric’s reputation and business goals make it an attractive target.

“Peck Electric is an ideal fit for Green Energy Live. Peck is a strong, healthy business with outstanding technical, sales and management teams, strong revenue and established customers. Peck has built an excellent reputation providing telecommunications systems for clients and its data division is a key source of customer contacts. Green Energy Live is excited to pursue clean energy initiatives leveraging their technology expertise for the benefit of both companies as well as our shareholders,” Clark stated in the press release.

Operating since 1972, Peck Electric offers electrical contracting services, installs solar energy systems, develops clean energy products and deploys telecommunications systems. The company’s data and telecommunications division have more than 20 years of experience. Peck Electric also has experience with a diverse array of industries including manufacturing, clean areas, hospitals, schools, and office work environments.

According to an unaudited statement of revenue and expenses for 2009, Peck Electric indicates that it generated $6 million in gross revenues and net income of $128,908. Revenues from its telecommunications division represented approximately $1.6 million; historically, costs of sales have represented between 78% and 81% of Peck Electric’s overall gross revenues.

Though Green Energy does not have a complete set of financial statements for Peck Electric, it hopes to obtain the information during its due diligence. The parties anticipate signing a definitive agreement and to close the purchase transaction by April 25, 2010.

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IDO Security Ltd. (IDOI.OB) Lands Extensive International Orders for MagShoe™ Technology

March 11th, 2010

Today, MagShoe™ shoe-scanning device developer IDO Security Ltd. announced that distributors in Belgium, the Netherlands, and the U.K. have ordered its new, state-of-the-art MagShoe™ 3G/4 model.

Commenting on the orders, Dani Werber, IDO’s International Marketing Manager, remarked, “The new 3G/4 model of the MagShoe™, recently showcased at the 2010 SICUR International Security Safety Exhibition in Madrid, Spain, conforms to all detection requirements and provisions of the EU regarding Airport and Aviation Security. Together with the increased height detection, the new MagShoe™ has garnered a great deal of interest from European authorities.”

Most screening technologies stop just above the ankles when scanning for concealed weapons, but MagShoe™ surpasses the competition by addressing this key vulnerability. The portable, user-friendly MagShoe™ device extends metal detection to include the lower extremities. It now covers everything from eighteen inches to the bottoms of the feet without requiring passengers to remove their shoes, thanks to its patented “step-on” design.

“We are extremely pleased with the reception our 3G/4 model has received in the European security market,” said Henry Shabat, Manager of IDO Security Ltd. “Based on the initial response from our client and distributor base, we fully expect to have further announcements regarding additional clients in the very near future.”

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San West, Inc. (SNWT.OB) Reports Record Scooters Sales via CountyImports.com

March 11th, 2010

San West Inc., a leading full-spectrum, off-road buggy producer whose distribution footprint spans across a retail, online, and growing dealer network, reported today that sales on motorized scooters via partner website CountryImports.com shot up 23% over 09 figures for the first two months of this year.

The Company’s leadership projects a huge spike in activity as the Spring/Summer Off-road Vehicle (ORV) season rapidly approaches, and data from CountryImports.com also shows that the sale price for scooters in the aforementioned period also increased by 24.5%, showing marked consumer tendency to select higher-end units with additional features.

President of CountyImports.com, Jesse Gonzalez, commented on the warming weather and thawing capital, inferring that greater economic fluidity in the consumer base was driving ORV sales, most notably scooters, which outperformed other segments on per-unit price and quantity of features sold with the unit.

Gonzalez said the Company’s outlook was optimistic with the approach of the traditionally busy Spring/Summer season and sales data that indicates “consumers have finally recovered from the recent economic downturn and are ready to enjoy hobbies and outdoor activities”.

With expectations to log the Company’s largest increase of motorized scooters sales ever sometime in the next 30 days, a bevy of positive feedback on the new product releases slated to debut in a few weeks, and an overhauled web presence that offers users a more intuitive experience, SNWT is experiencing what Mr. Gonzalez referred to as a “perfect storm of positive trends”.

President and CEO of SNWT, Frank Drechsler, cited “increased consumer spending on ORVs and related goods” as the primary force driving record scooter sales levels, and boldly asserted plans to continue to leverage their strong foothold as the “No. 2 online ORV dealer” in order to seize more of the market’s business for itself and for the Company’s shareholders.

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Pink OTC Markets, Inc. (PINK.PK) Upgrades to OTCQX

March 11th, 2010

Pink OTC Markets Inc., the electronic communications and connectivity backbone of the US over-the-counter (OTC) securities market, announced this morning the upgrading of its Class A common stock to the OTCQX, which is considered the premier tier of the OTC market due to its substantive quality control measures.

The OTCQX platform offers greater transparency, information, and access via regulated US brokers compared to the rest of the OTC market, and presents a robust profile of marketplace services previously only found on a US stock exchange.

President and CEO of PINK, R. Cromwell Coulson, noted the transparency and efficiency of the OTCQX as primary motivating factors in the decision to upgrade, and proudly welcomed this opportunity to show the other “distinguished OTCQX companies trading in this top tier of the OTC market” that PINK holds itself to the same “investor-focused standards”.

Real-time PINK Level 2 quotes are available via the OTCQX.com website and it should be noted that the Company uses the Alternative Reporting Standard, a Disclosure standard engineered to bring greater fidelity to non-SEC filing, smaller publicly-traded companies.

Serving the role of Investment Bank Designated Advisor for Disclosure (DAD) for PINK on OTCQX will be the respected Merriman Curhan Ford & Co., an investment banking firm which offers a broad array of services from research to every stage of an IPO, and even after-market support.

Co-founder of Merriman Curhan Ford, Jon Merriman spoke of his firm’s dedicated belief in the “value that OTCQX offers OTC companies looking to differentiate themselves in the U.S. capital markets”, and spoke with excitement about being selected to handle Pink OTC Markets’ Investment Bank DAD.

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FuelCell Energy, Inc. (FCEL) Releases Data for First Year of Operation of Ultra-Clean Hybrid Power Plant

March 11th, 2010

FuelCell Energy Inc. is a leading manufacturer of high efficiency, ultra-clean power plants using renewable and other fuels for commercial, industrial, government and utility customers. The company reported today that its hybrid power plant attained an average electrical efficiency of 62.5 percent, equipment up-time of 93 percent and reduced greenhouse gas emissions of up to 45 percent.

The power plant, located in Toronto, generates ultra-clean electricity while harvesting energy normally lost during natural gas pipeline distribution operations. The power plant is a joint development effort between FuelCell Energy and the Canadian gas pipeline company, Enbridge. It produces 2.2 megawatts of electricity, enough to power approximately 1,700 homes. Funding for the project included $2.3 million from Natural Resources Canada and $500,000 from the Ontario Ministry of Research and Innovation. Additional funding came from NYSEARCH, the research arm of the Northeast Gas Association.

In its first full year of operation, the Direct FuelCell-Energy Recovery Generation power plant achieved results underscoring its success over a range of scenarios. The two companies are advancing the necessary commitments for other power plants in Connecticut totaling 18 megawatts. Gas utilities in other US states are also evaluating the technology. International interest stems from the current project’s evaluation by the Asia Pacific Partnership, a clean energy cooperative involving Australia, Canada, China, India, Japan, South Korea and the United States.

Both companies were incredibly pleased with the results from the power plant. Chuck Szmulo, Enbridge vice-president of Alternative and Emerging Technologies, spoke of the results “That tells that is a commercially robust technology.” The CEO and chairman of FuelCell Energy, R. Daniel Brdar, said, “Enbridge’s validation of the system is a significant milestone, especially since the market potential is worldwide. It gives gas utilities a way of improving pipeline efficiency, reducing emissions and delivering clean energy to the world’s power grid as a byproduct of their daily operations.”

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BioSante Pharmaceuticals Inc. (BPAX) Announces Positive Leukemia Vaccine Results

March 11th, 2010

Specialty pharmaceutical company BioSante Pharmaceuticals Inc. today announced positive results for their leukemia vaccine. The results of a human clinical study show that the company’s GVAX leukemia vaccine may be able to reduce or eliminate the last remaining cancer cells in some chronic myeloid leukemia (CML) patients taking the drug Gleevec. All patients enrolled in the trial used Gleevec for at least one year and still had cancer cells present. In addition, the vaccine produced relatively few side effects.

The research was funded by the National Institute of Health. The study was conducted by researchers at the John Hopkins Kimmel Cancer Center in Baltimore, Maryland. The researchers used a vaccine made from CML cells irradiated to halt their cancerous potential and genetically altered to produce an immune system stimulator called GM-CSF. The treated cells also carry molecules called antigens, specific to CML cells, which prime the immune system to recognize and kill circulating CML cells.

The research study was led by Hyam Levitsky MD, professor of oncology, medicine and urology at the Cancer Center. Dr. Levitsky commented on the research, “We want to get rid of every last cancer cell in the body, and using cancer vaccines may be a good way to mop up residual disease. More research to confirm and expand the results is needed.”

BioSante Pharmaceuticals owns the commercial rights to all GVAX vaccines as a result of its acquisition of Cell Genesys in 2009. The company stated that the work being done by John Hopkins with their vaccine’s effect on leukemia is one of many different forms currently being investigated including pancreatic cancer, breast cancer and multiple myeloma.

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B&H Ocean Carriers Ltd. (BHO) Positions Itself for the Return of Bulk Materials Shipping

March 11th, 2010

One of the harder hit sectors during the current economic situation has been shipping. Ocean or land shipping companies found costs rising and volumes decreasing. Fortunately, the sector is one of those that will always be needed in a global trading environment. Finding a well positioned beaten down company that has been staying on top of its finances is a sure way to come out a winner when trans-shipment resumes in full force.

B&H Ocean Carriers Ltd., a bulk storage ocean transport company, works to transport ocean going bulk and liquid products across long ocean distances. Its primary products include: coal, refined petroleum products, and liquid commodity products such as vegetable oils and malaises. From a quick assessment it does, however, appear that the company’s main business is more oriented toward dry goods such as sugar, coal, grain, bauxite and other bulk transport commodities. Currently the company owns 12 vessels of varying configurations.

As the world economy slowly works its way out of current conditions, one can easily understand how an ocean going shipping company needs to be fast on its feet to keep itself moving forward. B&H Ocean is no different. It does however, have one advantage. In the shipping world a company must carry the costs until delivery is made. Obviously this is difficult when exports and imports are exceptionally lower and fuel is rising. B&H, however, has a slightly smaller fleet and selection of ships. This will let them charge a bit less and gain market position as the economy starts to roll. Additionally, China’s appetite for coal and other commodities from Australia is perfectly suited for B&H’s shipping structure.

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Beacon Equity Research Featured Company: Green Energy Live Inc. (GELV.OB)

March 11th, 2010

Green Energy Live Inc. is focused on developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation’s $154 billion livestock industry. Utilizing its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems, the company aims to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy.

The company’s value proposition is that they can produce ethanol and valuable co-products less expensively than large agribusinesses’ corn based ethanol processors who pay dearly for their feedstock. Additionally, Green Energy’s plants will be located closer to the waste sources that are also the ethanol consuming markets.

Green Energy Live is a single source provider of complete equipment packages for biomass energy systems using the most advanced technology available. The company provides engineering assistance, assists customers in applying biomass fueled energy systems to their specific needs, and provides complete equipment packages.

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Small Cap Voice Featured Company: CMG Holdings, Inc. (CMGO.OB)

March 11th, 2010

CMG Holdings, Inc., a full service global marketing and communications holding company, operates in the sectors of talent management, event management and commercial rights. The company is headquartered in Miami, Florida with a marketing and sales office in New York, Chicago and Los Angeles.

CMG Holdings was established by a core group of executives who have held senior level positions with several of the largest and most successful companies in the marketing communications industry. The company’s mission is to create shareholder value by operating as a holding company, consolidating a fragmented industry through synergistic acquisistions, mergers, joint ventures and strategic hires.

The company believes that the current landscape in their industry is underserved by existing service providers and that their business model is structured to optimize profitability. CMG Holdings aims to expand its national presence via its acquired companies, capitalizing on their growth via the economic recovery, intellectual property of continued patents, sales and marketing, new product development and continued operations.

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Cumberland Pharmaceuticals Inc. (CPIX) Reports Profitable Fourth Quarter 2009

March 11th, 2010

Cumberland Pharmaceuticals Inc. reported net income of $3.1 million, or $0.17 per diluted share, for the year ending 12/31/2009. The company earned $4.8 million, or $0.29 per diluted share, in 2008.

Cumberland Pharmaceuticals Inc. reported an increase in revenues on a year over year basis. The company had revenues of $43.5 million in 2009, up from $35.0 million in 2008.

Cumberland Pharmaceuticals Inc. strengthened its balance sheet in 2009. The company reported a cash balance of $78.7 million in 2009, compared to $11.8 million in 2008.

A.J. Kazimi, the CEO of Cumberland Pharmaceuticals Inc., said, “The approval and launch of Caldolor and our initial public offering made 2009 a pivotal year for Cumberland. We are pleased to report that we achieved our objectives of remaining profitable and cash flow positive during the Caldolor launch, and that our balance sheet is now the strongest in the history of the Company.”

Cumberland Pharmaceuticals Inc. is a specialty pharmaceutical company that primarily serves the hospital acute care and gastroenterology sub markets. Cumberland Pharmaceuticals Inc. became a public company in an initial public offering in August 2009. The company has several products in its portfolio, including Acetadote (acetylcysteine), Kristalose (lactulose) and Caldolor (ibuprofen).

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Compass Diversified Holdings (CODI) Reports Positive Cash Flow in Fourth Quarter Of 2009

March 11th, 2010

Compass Diversified Holdings reported a net loss of $1.6 million, or $0.05 per share, for the fourth quarter of 2009. The company earned $1.2 million, or $0.04 per share, in the same quarter of 2008.

Compass Diversified Holdings reported a slight decline in revenues on a year over year basis, from $374.8 million in the fourth quarter of 2008 to $362 million in the most recent quarter.

Compass Diversified Holdings also reports an alternative measure of financial performance called Cash Flow Available for Distribution and Reinvestment. This totaled $17.9 million in the fourth quarter of 2009, compared to $11.2 million in the same quarter of 2008.

Joe Massoud, the CEO of Compass Diversified Holdings said, “We are very pleased to report strong results for the fourth quarter, which significantly exceeded our expectation. CODI’s Cash Flow in that period grew by approximately 60% as compared to the year-earlier period. Over the past year and a half, our companies have exploited the difficult economic environment and our comparative financial strength to increase market share relative to their competitors.”

Compass Diversified Holdings paid a cash dividend of $0.34 per share in the fourth quarter of 2009, bringing the company’s cumulative distributions paid to $4.64 per share since it became a public company in May 2006.

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CytoCore Inc. (CYOE.OB) Receives Major Investment from NeoMed

March 11th, 2010

One company that is on the rise is CytoCore Inc. Located in Chicago, IL, CytoCore has made a name for themselves as a company that provides effective treatment for various forms of cancer. CytoCore is known for discovering cancer in an early stage and providing cost-effective relief to their patients. Today, CytoCore took a major step towards enhancing their future with the announcement that NeoMed Management has taken a 6.3% investment in the young company.

NeoMed is a recognized investment firm with a global reach. With four established funds and total capital exceeding $200 million, NeoMed is exclusively focused on the healthcare and life science industry. With NeoMed making an investment in CytoCore, the young Chicago-based company has a very bright future and established credibility.

Details of the investment have NeoMed agreeing to accept 2,658,800 restricted shares of CytoCore valued at $0.50 a share. NeoMed will also receive 217,000 warrants with an exercise price of $0.50 per share.

When asked what led NeoMed to make such a large investment in CytoCore, Erik Amble who serves as the Managing Partner of NeoMed stated, “Since 2001, we have been intrigued by the potential of CytoCore’s innovative technologies and products and the large markets these technologies and products address.”

Leading the way at CytoCore is Robert F. McCullough Jr. who serves as CEO of the company. When asked what affect this investment will have on the future of CytoCore, McCollough Jr. was quoted as saying, “We are happy to settle all outstanding issues and reduce our liabilities by $1,329,400 related to the previously issued notes and accrued interest. We also are happy to utilize NeoMed’s network and expertise with regard to the development of young companies’ growth prospects in addressing inadequately served medical needs as we develop and implement `CytoCore Solutions’.”

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Fund.com, Inc. (FNDM.OB) Announces Strategic Alliance with Transparensee to Develop Superior Search Engine for Mutual Funds and ETFs

March 11th, 2010

Fund.com, Inc. announced this morning that it has partnered with Transparensee Systems, Inc., New York City, to develop a next generation search engine for the Fund.com website to help investors find their best choices among the many thousands of mutual funds and ETFs (Exchange Traded Funds) available today. The anticipated launch of the new search engine is this summer.

Fund.com CEO Gregory Webster stated, “Unlike anything available today to financial investors, we believe that the new search engine will give investors more control and more choices over every search of mutual funds and ETFs. In an easy-to-use format, investors will be able to search the database for mutual funds and ETFs in real time to find specific funds that meet their criteria.”

Not only will investors find exact matches, which are typically supplied in current search engines, they will also be able to get near-perfect matches that they might not otherwise learn about. Webster explained, “If the investor is looking for fund managers with at least ten years experience, our new search engine would also present funds with investment managers with only nine and a half years of experience who matched all the other desired criteria.”

Webster added, “Finally, investors will no longer be stopped cold with ‘no’ or few matches responses. We believe that Fund.com’s new fund search engine will make it easier for investors to find the right fund for them. We are excited about adding this sophisticated tool, which uses next generation software, to the fund.com website, thereby making it the most advanced in the industry.”

Transparensee has developed search engines using this advanced technology for four years. According to CEO Steven Lavine, the technology has proven itself on such sites as ForRent.com, which lists more than 50,000 apartments nationwide, and the restaurant search capability of Newsday’s ExploreLI.com.

Lavine commented, “Using this tool, investors can make much more sophisticated searches, with more criteria and still find a good match.”

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Amico Games Corp. (AMCG.OB): Big Player in a Big Market

March 11th, 2010

Amico Games Corp., based in San Francisco, CA, has just been named as one of the companies in the “Top Three for Profitability” of mobile phone game manufacturers during the Fifth China Mobile Phone Game Enterprise Public Appraisal Fair 2009-2010. Amico Games Corp. is an interactive entertainment media company which develops multi-player networked mobile phone games that are played over the mobile internet in China.

“We are excited to be appraised as one of the top 30 Chinese mobile phone game enterprises and one of the top 3 most profitable Chinese mobile phone game enterprises. This is very encouraging for our all of our management and shareholders,” said Mr. Peter Liu, Amico’s President and CEO, “We are one of the earliest Chinese mobile phone game developers; operating games since 2002.”

Amico also garnished the appraisal title of “Industrial leader for WAP mobile phone game R&D and operation,” during the Fifth China Mobile Phone Game Enterprise Public Appraisal Fair. This title is well deserved as Amico is the first game developer to provide WAP (wireless application protocol) in China. “The appraisal results also recognize our strengths and capability in developing mobile phone games in China. We are proud of this ranking given the current competitive market environment,” commented Mr. Peter Liu.

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Blount International, Inc. (BLT) Reports Profitable Fourth Quarter

March 11th, 2010

Blount International, Inc. reported net income of $6.5 million, or $0.13 per share, in the fourth quarter of 2009. This was a small decline from the $6.9 million, or $0.14 per share, reported in the same quarter of 2008.

Blount International, Inc. said that revenues for the fourth quarter of 2009 came in at $141.5 million, up 6% year over year and 8.6% sequentially.

Joshua L. Collins, the CEO of Blount International, said “the company was able to navigate successfully through a difficult economic environment over the past fifteen months. Significant cost control actions implemented in the first half of 2009 resulted in much improved margins in the second half of the year, as demand from our customers increased.”

Blount International, Inc. updated its outlook for business in 2010. The company believes that sales in 2010 will increase from 6 to 10% above 2009 revenues. Operating income is expected to be $70 million, up 25% from the depressed levels of 2009.

Blount International, Inc. improved its balance sheet during the quarter as well. At the end of 2009; the company had net debt of $230.8 million, down from $267.2 million a year earlier.

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China LianDi Clean Technology Engineering Ltd. (RMSI) Reports Profit in First Nine Months of Year

March 11th, 2010

China LianDi Clean Technology Engineering Ltd. reported net income of $11.3 million for the first nine months of fiscal 2010. The company earned only $0.8 million in the same period in fiscal 2009. Revenues were also up strongly on a year over year basis, to $45.6 million, from $8.2 million in fiscal 2009.

China LianDi Clean Technology Engineering Ltd. gave revenue guidance of $70.2 million and $116.7 million for fiscal year 2010 and 2011, respectively. The company also guided the street to expect net income of $15.1 million for fiscal 2010 and $25.0 million for fiscal 2011.

China LianDi Clean Technology Engineering Ltd. recently completed a reverse merger with Remediation Services, Inc. In this transaction, Remediation Services, Inc. received 100% of the issued and outstanding ordinary shares of China LianDi, which then became a wholly-owned subsidiary of China LianDi Clean Technology Engineering Ltd.

China LianDi Clean Technology Engineering Ltd. was founded in 2006 and consists of four operating subsidiaries: HuaShen Trading (International) Ltd., Petrochemical Engineering Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical Engineering Ltd. The company manufactures and sells customized valves and equipment to oil refiners and chemical companies.

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Lotus Pharmaceuticals, Inc. (LTUS.OB) Reports Groundbreaking Ceremony for New Building Complex

March 11th, 2010

China-based company, Lotus Pharmaceuticals, Inc. reported on its March 9th groundbreaking ceremony for the construction of a new building complex in Beijing. Attending the ceremony were Beijing municipal and Chaoyang district government officials, China State Food & Drug officers, and representatives of both state-owned and private pharmaceutical companies.

The new nine-floor building complex will be used for offices, research and development, production, and modern storage. Interim production of the drugs slated to be produced at the new facility will be produced by third parties until the completion of the building complex.

At the start of the ceremony, Lotus CEO, Zhongyi Liu, welcomed the guests and introduced the project. “After a year of planning, we are pleased to start the construction of the new building complex and expect to finish the construction by July, interior decoration by September and GMP certification by December of this year,” he said. “This is a new page for Lotus’ development and it will provide important impetus to profitable growth, which is anticipated to reach $150 million in annual sales during the first year after the facility is fully operational.”

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Prime Star Group’s (PSGI.OB) Subsidiary Wild Grill Foods, Inc. Forms Strategic Partnership with UniSea, Inc.

March 11th, 2010

Prime Star Group, Inc., a premium food and beverage products, distribution and risk management business, recently announced that the company’s wholly owned subsidiary, Wild Grill Foods, Inc., has secured an agreement with UniSea, Inc., a leading producer of a variety of finished seafood products that are marketed and distributed throughout the world.

This strategic partnership will help Wild Grill Foods meet its expanded production needs due to the company’s increase in demand for various seafood products. Based in Redmond, Washington, UniSea produces seafood products from lobster, Pollock, Pollock Roe, Pacific Cod, Black Cod, Snow Crab, Salmon, King Crab, Halibut, Whitefish Meal, Shrimp and Fish Oil.

“As we expand our business, it is critically important that we manage our production to maintain quality and achieve success,” stated Roger Mohlman, president of Prime Star Group. “Our partnership with UniSea will provide Wild Grill Foods with enhanced quality control and production scalability to meet our growth targets for the future. We’re very excited at the potential this relationship will provide the company.”

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Fund.com, Inc. (FNDM.OB) to Bring Actively Managed ETFs to the Market through AdvisorShares Subsidiary

March 10th, 2010

Fund.com, Inc. announced today after the closing bell that its majority-owned subsidiary, AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, anticipates having three actively managed ETFs trading on the New York Stock Exchange in April. As of today, there are only 17 actively traded ETFs on the market.

According to Fund.com CEO Gregory Webster, AdvisorShares is one of the few firms that has approval from the Securities and Exchange Commission (technically known as exemptive relief from the provisions of the Exchange Act of 1940) to form new actively managed ETFs. Webster noted AdvisorShares’ major advantage in its ability to bring to market active manager strategies through an AdvisorShares ETF.

Webster stated, “AdvisorShares earns its revenues from sharing in the investment advisors’ management fees by providing services to register, list and market actively managed ETFs.”

As an originator and distributor of new actively managed ETFs, Fund.com’s AdvisorShares has previously announced relationships to develop actively managed ETFs on its patent-pending ETF development platform with WCM Investment Management, Laguna, CA, in conjunction with BNY Mellon, NYC, Peritus Asset Management, Santa Barbara, CA.; and Mars Hill Partners, LLC, Colorado Springs, CO.

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Journal of Orthopedic Trauma Publishes Positive Review of SANUWAVE Health Inc. (SNWV.OB) Technology

March 10th, 2010

SANUWAVE Health Inc. is an emerging medical technology company channeling its efforts to develop and commercialize non-invasive, biological response activating devices in the regenerative medicine area. The Journal of Orthopedic Trauma published an article titled Extracorporeal Shock Wave Therapy for Nonunion of the Tibia in its March 2010 issue highlighting a study involving SANUWAVE’s Ossatron device.

Authors of the article suggest that non-invasive Extracorporeal Shock Wave Technology (ESWT), when applied with SANUWAVE’s Ossatron device and one treatment session of 4,000 pulses followed by fracture immobilization, results in an 80 percent healing rate for nonunion bone fractures (incomplete fracture healing). The results were asses both clinically and by radiographic means.

The article details the six-year study of 172 patients undergoing treatment for tibia nonunion, utilizing SANUWAVE’s Ossatron® device. Most of the patients were resistant or unresponsive to previous surgical treatments. The average healing time from their operations was about 14 months; the average healing time after ESWT was a significant decrease at 4.8 months.

SANUWAVE president and CEO Christopher M. Cashman acknowledged the study’s results and said the company is anticipating the impending expansion of its technology.

“This comprehensive study, which reports an 80% healing rate of nonunions of the tibia, supports the utilization of PACE™ technology in the orthopedic space beyond the well-established treatment of chronic tendinopathies. We are looking forward to our expected second-quarter launch of orthoPACE™ in Europe, where our growing base of distribution partners can continue to expand the use of PACE™ technology. The orthoPACE™ can be used across multiple care settings which we expect will increase the number of patients who are treated in a convenient, non-invasive and cost-effective way,” Cashman stated.

Despite the positive studies of Ossatron, the company is advancing its technology. SANUWAVE’s orthoPACE is capable of treating in an equivalent energy range utilized in this study, and is scheduled for launch in the second quarter of 2010. The orthoPAC will replace the Ossatron, the 800 lb. legacy device that was used in this study in a wide range of orthopedic, sports medicine and trauma indications including acute and nonunion fracture treatment.

“In addition to the important fracture healing results of this tibia study, SANUWAVE anticipates releasing the results of its U.S. phase IIb Investigational Device Exemption (IDE) study focused on extremity small bone nonunion or delayed healing fracture in the second quarter of this year. SANUWAVE’s strategy for orthoPACE in the U.S. is to focus our clinical efforts and FDA submissions on the $4.2 billion orthopedic repair market,” Cashman concluded.

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Revolutions Medical Corp. (RMCP) is “One to Watch”

March 10th, 2010

Headquartered in Charleston, South Carolina, Revolutions Medical Corp. develops and distributes new products and tools to the medical industry. Trading on the OTCBB, they operate in the safety-engineered medical devices (SEMDs) arena. The company engages in development and distribution either through internal projects or via acquisitions.

Revolutions Medical Corporation’s product portfolio includes the RevVac safety syringe, safety blood drawing device, and safety IV catheter. The Company also provides RevColor, RevDisplay and Rev3D. These software solutions and proprietary tools are compatible with standard MRIs and standard PACS. The software suite’s functionality includes sorting of images, color, 3D and automatic segmentation of images.

The RevVac Safety Syringe uses patented technology to draw the needle into the syringe chamber after use, for safety. This safety syringe may result in a major decrease in accidental needle stick injuries. The RevVac Safety Syringe also has an additional safety feature. It will not allow the reuse of the syringe. This may decrease the spread of blood borne diseases. This safety syringe also allows for one-handed use. This is important for health care practitioners or medical personnel as there are no clamps, sheaths, or other complex safety features that require use of both hands.

Since 2008, Revolutions Medical Corporation has achieved various company goals. Highlights include acquiring 100 percent of Clear Image Acquisition Corporation, the developer of their MRI software technology. They also received FDA 510K clearance for their RevVac safety syringe. They began cultivating relationships with more than 50 distributors globally. They now will initiate the process of signing distribution agreements with those that fit their criteria to distribute their products.

In addition, the Company launched the initial steps of the RevVac manufacturing process for the 3ml safety syringe. They also formed a distribution partnership with Libra International in South America. This is the first of many targeted worldwide syringe markets for Revolutions Medical Corporation.

For 2010, Revolutions Medical has several initiatives. They will continue to expand their family of safety syringes, blood drawing devices and other products in aesthetics, and other areas. The company will work to sign up distributors nationally and worldwide and license additional syringe manufacturers.

They will also integrate MRI tools into a delivery platform, as well as receive validation of MRI tools with major teaching hospitals and experts in the various applicable fields of medicine. Revolutions Medical will also confirm additional MRI diagnostic applications such as Alzheimer’s, concussion, cardiac disease and breast disease. These initiatives are just a sample of the many they will undertake in 2010.

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Cashing in on Gold with New World Gold Corp. (NWGC.PK)

March 10th, 2010

New World Gold Corp. is a company focused on the exploration and development of gold prospects. The company looks to take advantage of the continued high price for gold. Gold has outperformed stocks over the past decade, yet it is an asset that is in very few investors’ portfolios. Gold looks to have a shiny future too as emerging countries from China to India continue to add gold to their sovereign holdings.

The company owns gold reserves both domestically in the United States and internationally. New World Gold has decided to focus on its domestic reserves as a priority, as they can be brought into production in 2010. The company has two current gold projects in the United States:

The company’s first project is located in Montana. New World Gold has a 75% interest in the project, which has proven developed gold reserves and sapphire reserves that are ready to go into production. The project has been issued a mining permit and production is scheduled to begin almost immediately. Based on the exploration and development work, analytical work and sampling programs throughout the lease, the company estimates that the reserves on the project are as follows: Proven Reserves of 175,000 ounces of gold and Proven Developed Reserves of 105,000 ounces of gold.

The company’s second project is located in Colorado. New World Gold has a 33% interest in the project with the opportunity to increase the interest to 50%. The project has previously been in production and already has established facilities for production. It is expected that this project will be in full production by September 2010. Based on exploration and development work along with historical work, the company estimates that the reserves on the project are as follows: Proven Reserves of 200,000 ounces of gold and Proven Developed Reserves of 190,000 ounces of gold.

In addition, New World Gold has two international gold projects. Both projects have significant proven and probable reserves based on substantial drilling and development work. The company has decided to develop these gold reserves at a future date when the infrastructure in the areas involved catch up with the development of the projects.

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EVCARCO, Inc. (EVCA.OB) Expands into European Market with New Moscow HQ

March 10th, 2010

EVCARCO, the innovative automotive retail group with an emphasis on creating a US-wide dealership network for eco-friendly vehicles, announced the grand opening of its Moscow headquarters today.

This site will serve as EVCA HQ for Europe. The Russian Capital and European markets have been identified by extensive research to be an investor/customer-rich environment for electric and alternative fuel vehicle infrastructure, and EVCA corporate executives recently flew to Moscow to open the office in historic Lublinka Plaza near the heart of this largest of all European cities.

CEO of EVCA Dale Long noted the “powerhouse” status of Moscow as a financier in the emerging market/energy sectors, and how this made the opening of a “Hub in Moscow” a logical and shrewd move for the Company.

An 8.5% FQ 08 GDP, and a decade of booming economic growth, made Russia the 3rd biggest global IPO market last year, according to Reuters.

COO of EVCA Scott O’Neal was quick to point out the “keen interest” of Russian and European investment capital for energy sector and alternative energy solutions, and proudly stated that, as the Company’s original investor, he was honored to represent EVCA at the upcoming International Investor Forum in Moscow, which will be host to G8 countries’ top banking and finance institutions.

This move is in accordance with the projected growth model approved by EVCA board members, but it is occurring on an accelerated timeline after the hugely successful executive trip to Russia, which evinces the vast potential for the Company.

Texas-based EVCA has also been invited to the March 23 Private Equity and Venture Capital Forum in Moscow, where it will have an opportunity to further the Company’s agenda of building upon past successes to increase return on investment for shareholders by developing the market for some of the most advanced clean vehicle technologies in existence.

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CoroWare, Inc. (COWI.OB) Robots Offer New Laser Range Finder Option

March 10th, 2010

CoroWare, Inc. subsidiary, CoroWare Technologies, introduced a new compact and inexpensive laser range finder today, available as a standalone unit or as a component option on the Company’s Corobot- and Explorer-brand robotics systems.

Capable of scanning at 10Hz out to 18 feet, this module significantly enhances the robots’ effective situational awareness capabilities and, if purchased as a robot option, comes preloaded with drivers and ready to go.

Dan Kara, the President of Robotics Trends – an influential publisher and organizer in the robotics community – is known for his expert analysis throughout the industry, and commented on advances in miniaturization and the declining costs of laser range finders, noting how this was making the technology more and more appropriate for smaller robotics systems.

Kara pointed out that the addition of the new range finder on CoroWare’s CoroBot and Explorer platforms greatly increases both the number and range of applications for which the bots are suited.

Immensely improving the remote presence, inspection, research, individual, and swarm behavioral capabilities of the CoroBot and Explorer platforms, this new range finder enables Simultaneous Localization and Mapping (SLAM; a kind of continuous, real-time environment mapping system), and Monte Carlo localization (MCL; a redundant positional awareness system).

This range finder is the newest in a string of growth initiatives undertaken by CoroWare’s Robotics and Automation group, and the Company also offers a differential-drive option for the robot base component, as well as better sensors and motors.

CEO of CoroWare Lloyd Spencer noted the importance of feedback from the customer base and constant R&D to expand the range of products being offered, pointing out how the Robotics and Automation group obtained 11% increased sales in 09 due in large part to “keeping close watch on customer demand”.

The Redmond, WA-based CoroWare has an impressive track record in mobile robotics and tremendous telepresence as a solutions integrator. Whether a client needs a custom robotics system for specs they already have, or needs help developing specs for a unique solution, CoroWare engineers have the range of expertise to assemble or custom-build the component architecture of the system to meet the specific needs of the project.

With expertise in a variety of embedded systems, communication protocols and controllers, as well as physical simulation capability using the most sophisticated software suites available, CoroWare has the tools and the talent combined with management expertise that can keep the project workflow laser-focused until completion.

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Insight Imaging Corp. (ISGT.OB) Begins Partnership with American Radiology Associates

March 10th, 2010

Insight Imaging Corp. is a provider of retail and wholesale diagnostic imaging services. The company serves a wide variety of customers including healthcare providers, such as hospitals and physicians, and payers, such as managed care organizations, insurance companies, Medicare and Medicaid. Insight Imaging provides its services in over 30 states including California, Florida and Texas.

The company announced today that it has commenced operations in partnership with American Radiology Associates (ARA) in the Dallas metro area. Insight Imaging will manage the partnership, which has acquired ARA’s Willowbend Diagnostic Imaging Center. American Radiology Associates has also agreed to provide professional services in the coming months at Insight Diagnostic Center – Forest Lane.

American Radiology Associates has 54 sub-specialized radiologists practice in five hospitals, including Baylor University Medical Center and a number of free-standing diagnostic imaging centers in the Dallas area. The group provides services for multiple providers across the nation through its teleradiology networks. ARA’s radiologists specialize in the following disciplines: musculoskeletal, diagnostic neuroradiology, interventional neuroradiology, vascular-interventional radiology, nuclear medicine/PET, oncological imaging, breast imaging, cardiovascular imaging, body imaging and magnetic resonance imaging (MRI).

Insight Imaging is excited to partner with American Radiology Associates because it is considered to be the “gold standard” for radiology groups in the Dallas area. ARA shares the enthusiasm about the partnership because it believes Insight Imaging understands the significance of clinical expertise and shares their values – a focus on patients first care.

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Pyramid Oil Co. (PDO) Brings Home Several Proposed and Completed Gas Deals in Texas

March 10th, 2010

Having been in the oil and gas business for so long, many companies have the luxury of planning for cycles of production. As this well drains down another is just about ready to come on line. Finding these types of companies, as commodity natural gas and oil move higher, will likely lead to profit.

Pyramid Oil Co., an oil and gas exploration and extraction company, works to develop and market oil and natural gas products primarily in California, Texas, Wyoming and New York. The company was founded in 1909 and sells its products to pipeline companies, refineries and crude oil purchasers.

As one might suspect, general revenues were down at the end of 2009 as oil and natural gas prices lowered. This trend, however has appeared to reverse with oil hovering around $80. According to the company, it can maintain reserves while finding $220,000 in operational savings. Overall this has left the company in fine position for future expansion. One particular drag on earnings was not planned for in 2008 as new water and air regulations entered enforcement. Unfortunately there is little way around these issues although the company has brought in experts to mitigate them.

What the company does have working for it is a solid product reserve, a solid structure of existing leases and a variety of oil and natural gas products, primarily in Texas, which are close to completion and production. A company does not stay in the oil and gas game for over 100 years and not have an idea of how to make the process work.

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WaferGen Biosystems, Inc. (WGBS.OB) Announces New Early-Access Customers for SmartChip

March 10th, 2010

WaferGen Biosystems Inc., a leading developer of advanced genetic analysis systems, announced today eight new customers participating in the WaferGen early-access program, which provides customers early versions of the company’s state-of-the-art SmartChip gene analysis platform prior to general availability. The SmartChip system offers researchers high-throughput gene interrogation and validation, allowing faster and more cost effective drug development. WaferGen sees SmartChip as the platform of choice for biomarker discovery and validation.

The new early-access customers include Stanford University, University of California at San Francisco, University of Pittsburgh, University of Southern California, and the University of Texas Southwestern, along with two Japanese organizations, and an undisclosed U.S. biotech company. Areas of research include cancer, lung disease, and stem cell research.

WaferGen also announced that it has shipped the first SmartChip Real-Time PCR System to an international customer in Japan following the receipt of CE Marking certification (official verification that a medical device has met specified health, safety, and environmental requirements, allowing it access to the EU market and Japan).

WaferGen’s commercialization strategy is to generate revenue through both the early-access program and the recently launched WaferGen SmartChip Service. The new service allows customers to receive gene-expression profiling services by WaferGen scientists at the company’s new headquarters in Fremont, CA.

WaferGen CEO, president, and chairman, Alnoor Shivji, said of the development, “These notable early users of our SmartChip platform are clear indication of its value to vastly improve gene expression analysis and genotyping in order to provide a better understanding of disease at the molecular level and advance the drug development process. SmartChip offers researchers the high-throughput capability of interrogating thousands of genes and validating hundreds of samples simultaneously in a single run using Real-Time PCR. This improved molecular analysis could thereby provide the potential for a patient to be diagnosed and even selected for clinical trials according to genetic information. Therapies could be developed to work on specific molecular targets. This could shorten the drug development process, help reduce the costs of drug development, and enable more successful end-products.”

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QualityStocks Implements Major Message Board Update

March 10th, 2010

QualityStocks is pleased to announce today a complete overhaul of its stock community forum. Members now have more control over customization and have many new features available to them. Searching has also been optimized, allowing users to quickly search the message board community for posts related to a certain stock symbol or other keyword.

The message board here at QualityStocks is one of the most highly regulated, no-nonsense forums online today; an uncommon haven of highly relevant, SPAM-free investor interaction. Unlike the majority of boards currently in operation, you won’t find pumping, bashing, advertising, or malicious posting of any kind here.

To join our 30,000+ registered users and discuss today’s hottest investment opportunities, visit www.messageboards.qualitystocks.net