Archive for September, 2008

Security Software Company Palamida Names Boisvert as Board Chairman

Tuesday, September 30th, 2008

Three years ago, open source software veteran Andre M. Boisvert joined Palamida’s board of directors. Yesterday, Boisvert was appointed chairman. According to the company’s news release, Boisvert will also take an active role in business development and expansion for Palamida.

“This is a major step forward for Palamida,” said Mark Tolliver, Palamida CEO said at the time. “Our business continues to accelerate as governments and industries around the world increase their usage of open source based solutions. … We are indeed fortunate to have one of the industry’s most recognized and successful open source entrepreneurs add his expertise to our management team.”

Boisvert is chairman of three other open source companies: Compiere for enterprise resource planning; Infobright for data warehousing; and Zenoss for systems management. He began his technology career in 1976 when he joined IBM. In 2002, Boisvert joined the board of directors of VA Software, the creator of, the largest open source development site on the Internet, which has 30 million unique visitors each month and hosts 160,000 open source projects.

“For years I have believed that the open source business model will significantly change the way that software is developed, distributed and supported,” Boisvert said. “As open source becomes more pervasive, it is personally gratifying to witness customers benefiting from the disruptive nature of this model, in terms of higher code quality, tighter innovation cycles, exponentially better price-performance and no vendor lock in.

“As organizations around the globe continue to ratchet up their use of open source, whether that be in the form of integrating various open source components into a solution or whether they leverage an already built open source application, these customers have a requirement to ensure application security by managing and protecting these open source assets. As such, I am delighted to be associated with Palamida.”

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Valence Technology, Inc. (VLNC) Appoints Goolsby as CFO

Tuesday, September 30th, 2008

Valence Technology, Inc. (NASDAQ: VLNC) announced today that it welcomes Ross A. Goolsby, as its new chief financial officer, effective Nov. 17.

“Ross brings with him an outstanding skill set in finance and information technology, including extensive planning and budgeting, internal controls and SEC reporting experience,” said Robert L. Kanode, Valence president and CEO. “A seasoned professional with nearly 20 years of diverse experience, Ross will be an excellent addition to our talented senior management team.”

Valence, based in Austin, Texas, develops lithium phosphate energy storage units and components, including the first reliable and rechargeable lithium phosphate battery. It has facilities in Nevada, China and Northern Ireland.

Goolsby began his career working in the Houston and Dallas offices of Ernst & Young. He earned a Bachelor of Business Administration in Accounting and graduated magna cum laude from the University of Houston.

Most recently he served as senior vice president and CFO for Healthtronics, Inc., a publicly traded healthcare company based in Austin. In addition to day-to-day oversight, he led the integration of three acquisitions, restructured an operating division, and managed all investor relations activity.

Prior to his role with Healthtronics, Mr. Goolsby served as senior vice president and CFO at Sigmatel, Inc., a publicly traded designer and manufacturer of mixed-signal integrated circuits. And, before Sigmatel, Goolsby served as vice president and CFO at Utiliserve, Inc., a privately owned wholesale distributor serving the electrical utility industry.

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Avatech Solutions, Inc. (AVSO.OB) Announces Flat Revenues for the Fiscal Fourth Quarter of 2008

Tuesday, September 30th, 2008

Avatech Solutions, Inc. (AVSO.OB), the nationwide technology expert for design, engineering, and facilities management, recently announced its financial results for the fiscal fourth quarter and year ended June 30, 2008. The company’s stock declined earlier this week on the announcement of flat revenues for the fourth fiscal quarter of 2008.

Quarterly revenues totaled $11.5 million, compared to $11.5 million in the prior-year quarter. For the fourth quarter of fiscal 2008, net income reached $742,000, or $0.03 per fully diluted share, compared to a net loss of $(874,000), or $(0.07) per fully diluted share, in the same period one year earlier. Adjusted EBITDA increased to $808,000 in the fourth quarter of fiscal 2008, from negative adjusted EBITDA of $(626,000) in the prior period.

During a recent conference call, Lawrence Rychlak, the chief financial officer of Avatech Solutions, stated, “The lack of growth in revenues for the year can be attributed to the economic environment, particularly in the building sector, that resulted in a slowdown of purchasing decisions by the customers in our market. In addition, competition has increased in our market and made it more difficult to garner a greater market share.” Mr. Rychlak added, “Our focus in the coming quarters will be to continue to demonstrate profitable results and positive cash flows from operations, while getting back on track with top-line revenue growth.”

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Fuqi International Inc. (FUQI): Shiny Profits from China?

Tuesday, September 30th, 2008

Fuqi International (FUQI) is a designer and maker of precious metal jewelry in China. The company produces and sells rings, bracelets, necklaces, earrings, and pendants made from precious metals such as platinum, gold, palladium, and karat gold. Fuqi International also features products with diamonds and other precious stones. Last week, the company announced that it opened its first stores in China’s capital of Beijing and another store in Shanghai, a major population center and tourist destination in China. The company now has a total of 60 stores in its home country of China.

For the third quarter, Fuqi International anticipates total wholesale revenue of approximately $75 million to $77 million, which would represent a year-over-year increase of approximately 108 percent to 114 percent, respectively. In addition, the company expects retail revenue in the third quarter of approximately $3.8 million to $4 million. Net income in the third quarter is expected to be in the range of $5.8 million to $5.9 million, or $0.26 – $0.27 per share. Fuqi International also declared its cash position to be strong enough to possibly make acquisitions. The company has almost $77 million in cash on hand.

As China’s economy boomed and its consumers prospered, this largest country in the world has also become the third-largest consumer of luxury goods, meaning Fuqi International could be hitting its stride at just the right time. The company has 20,000 products among its offerings. Two Wall Street analysts follow the company, both with “buy” ratings and an average price target for Fuqi shares of $14. Company insiders own 54 percent of Fuqi shares and 46 institutions own another 25 percent. Mutual fund owners include Marshall, TIAA-CREF and Thrivent Financial.

Shares of Fuqi International closed at $8.15 on Tuesday and have traded between $6.02 and $11.95 over the past year. The company may be considered inexpensive with a trailing 12-month price-to-earnings ratio of 6.88. Fuqi International has a market value of $139.3 million. It went public in October 2007 and was founded in 2001.

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Curtiss-Wright Corporation (CW) Received Multi-Year Contract from Saab Aerostructures

Tuesday, September 30th, 2008

Curtiss-Wright Corporation (CW) designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The company, based in Roseland, New Jersey, was formed in 1929 through the merger of Curtiss Aeroplane and Motor Company and Wright Aeronautical Corporation. Based in Roseland, New Jersey, the company has approximately 7,600 employees worldwide and has offices across the United States, Canada, and Europe.

The company recently received a follow-on, multi-year contract valued at over $80M from Saab Aerostructures to provide the mechanical system and structural fittings for the Boeing 787 large cargo door. This agreement is in addition to the $16M contract previously announced in February of this year. Sales from this program have the potential to exceed $200M during the production life of the aircraft.

The mechanical system is comprised of mechanical parts for five major flight-critical subsystems: the lift, pull-in, latching, locking and vent systems. These systems assure the safe and proper operation (and the integrity) of the large cargo doors. The structural fittings are elements used in conjunction with the mechanical system and interface with the fuselage structure. The company will manufacture these components and sub-assemblies at its motion control facility in Shelby, North Carolina.

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Simtrol, Inc. (SMRL.OB) Offers Novel Applications

Tuesday, September 30th, 2008

Simtrol, Inc. (OTCBB: SMRL) is an innovative provider of device control and monitoring software. The company develops scalable software solutions that give their users cost-effective management solutions for disparate devices utilized in complex environments, including boardrooms, courtrooms, and operating rooms. Unlike past device control and monitoring solutions, which were driven by proprietary closed-architecture hardware-based solutions, Simtrol offers an open software-based approach that incorporates standard interfaces. This means smoother, more timely integration and fewer software/hardware conflicts.

Digital signage is a powerful communications platform for efficiently delivering messages to large numbers of people via display devices such as plasma screens, LCD’s, and scrolling message boards. As technology improves and display prices continue to fall due to commoditization, digital signage solutions are becoming more popular and are being implemented by more businesses in more industries.

By using software applications that enable efficient creation, distribution, and scheduling of content, digital signage is one of the most effective ways to deliver enhanced content to a specifically targeted audience, which in turn results in tremendous value to customers. To insure that the delivery application used to display messages is on and properly functioning, Simtrol created robust device control software that provides an additional layer of functionality and guarantees displays and other devices are operating when they are intended to do so. By proactively controlling, monitoring, and scheduling devices, advanced device control software maximizes the provider’s ability to reach the intended audience and increases the customer’s return on investment in digital signage.

Simtrol’s device control and monitoring solution, called OnGoer, is a Windows-based product that includes a device control engine that performs the “heavy lifting” of command/response processing and queuing. OnGoer also contains an array of tools for remote diagnostics and monitoring, including proactive notification, remote control panels, reporting, and other asset management functions.

OnGoer’s open architecture makes it an ideal solution to be bundled into digital signage applications. By exposing web services through a Service Oriented Architecture (SOA), OnGoer can be easily integrated into any digital signage application to provide superior functionality and flexibility. By employing Simtrol’s open and structured approach to device control, devices may be upgraded or otherwise swapped out seamlessly without the time and expense associated with proprietary solutions. If a customer wants to install a new make or model of display, no time or effort is wasted supporting this activity.

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S&P Home Price Index at All-Time Low

Tuesday, September 30th, 2008

The Standard & Poor’s housing index fell 16.3 percent in July, the largest decline since it began in 2000. For the fourth straight month, there was not a single pricing increase for any of the twenty cities in which studies for the index are conducted. Though the outlook seems rather dim, monthly declination rates have been steadily decreasing. However David Blitzer, chairman of the S&P’s index committee feels that there is “no evidence of a bottom.”

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Outlook Foggy for Holiday Shopping Season

Tuesday, September 30th, 2008

With all of the day’s turmoil, consumer confidence is lower than it has been in years. The holiday season, which has long been a money-tree for retailers, is now cast in an unfavorable light. The Conference Board announced that the Consumer Confidence Index level was 59.8 on Tuesday, just half of what it was a year ago. The figure is derived from a survey of 5,000 American households, and how citizens see the economy. The 59.8 does not reflect Monday’s sharp stock market drop, but it seems likely that confidence levels will continue to fall.

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Battered Stocks Rebound on Tuesday

Tuesday, September 30th, 2008

After Monday, and one of the nation’s biggest sell-offs in history, stocks began to rise again. On Tuesday afternoon, more than half of the ground lost by the Dow was recovered, as the index rose 400 points. Opportunistic investors took advantage of Monday’s crash, swooping in for bargains and reversing an ugly trend. The indices will likely continue to be strongly linked to news concerning the status of the government bailout, which as of Tuesday, was all but dead in the water. At least for now, the markets appear to be healing from their horrific injuries, but investor skepticism remains at an extreme high.

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The Big Bailout – What’s Next?

Tuesday, September 30th, 2008

The past seven days have been simply riddled with twists and turns concerning the status of a bailout that many said was necessary. The original package presented to Congress by the Bush administration was so fundamentally flawed that it was given little else but a rude reception. Twice now, a modified plan has been laid on the table and after much deliberation, plans have been twice brushed aside.

It becomes increasingly apparent that there is no such thing as a flawless course of action in this instance, but many argue that the cost of inaction will carry the highest price tag. So where does the bailout stand now? Sure, we are basically back at the beginning, but that is no reason to believe that an agreeable deal will not be reached. Some bill opponents experienced a change of mind as early as Monday, when stocks crashed and portfolio values sank sickeningly low. Make no mistake; the big bailout is down, but not out altogether.

Before talks of a sweeping financial rescue plan even began, the government was treating bank failures on a case-by-case basis and it looks as if, at least for the moment, we will continue along that path. This will, of course, lead to further uncertainty in the markets, but it will provide opportunity as well. Regional banks will undoubtedly be subject to the greatest levels of investor scrutiny; we can expect to see bad news drive stock prices down alarmingly quickly, while rumors of government aid could produce the opposite effect.

Congress will give the big bailout another look, with some expecting a plan to pass as soon as this week. Whether or not the deal is speedily reached on a blanket bailout, it is safe to assume that regulation and oversight of our nation’s banking practices stand to increase heavily. Perhaps that is the lesson to be drawn here; irresponsibility on both sides of the lending table is what brought this about. No matter what is done in the end, we will need to change our ways.

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Tri-Star Holdings, Inc. (TSHL.PK) Announces Dividend, Addresses Share Structure

Tuesday, September 30th, 2008

TRI-STAR HOLDINGS, INC. announced the Company’s Board of Directors convened a special meeting to unanimously approve a 1 for 10 share dividend. Shareholders will receive one share of restricted common stock for every ten shares held on the as-of-yet-undetermined record date to be scheduled in accordance with NASD rules and the company’s transfer agent. Additionally, management announced that it has begun negotiations with two independent acquisition targets including the company’s first international target.

Management anticipates announcing one or more executed letters of intent in the very near future, to be followed by definitive agreements. Negotiations are still under way, but it is anticipated that one or more acquisitions will be executed in part or entirely by the issuance of restricted common stock of the company. Accordingly, management stated that it has raised the total shares authorized by 1,000,000,000 shares to facilitate the dividend and these pending acquisitions.

Management also noted that as of today, there are approximately 640,000,000 shares issued and outstanding, approximately a third of which are insider held restricted common shares, and that the company has no plans to complete a reverse split.

CEO Anthony Mellone stated: “We are growing our company, and while yesterday’s appreciation in the price per share is beneficial for all of our shareholders, we still believe that the current share price is undervalued and does not accurately reflect the value of Tri-Star Holdings. We have much to be excited about and we are looking to acquire assets both domestically and abroad.”

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Vu1 Corporation (VUOC.OB) Brightens its Non-Toxic Lighting Technology through Strategic Industry Affiliation

Tuesday, September 30th, 2008

Mercury exposure is associated with impaired neurological development such as loss of cognitive thinking, memory, attention, language and fine motor and visual spatial skills. While the Centers for Disease Control contend that most people have blood mercury levels below a level associated with health effects, consumers are eliminating risks by searching for products made with mercury alternatives.

Vu1 Corporation (OTCBB: VUOC) is focused on using its new technology to develop energy-efficient, environmentally friendly lighting solutions on a global scale. The company is currently developing a mercury-free light bulb based on its Electron Stimulated Luminescence (ESL) technology as part of its goal to meet changing consumer demands.

To assist in further research and developments, Vu1 today announced it is now an affiliate member of the California Lighting Technology Center (CLTC), an independent organization supporting collaborative research for safe, energy-efficient lighting.

“The CLTC is a leading authority on energy-efficient lighting, and it is an honor to join this organization. We feel that joining the CLTC is a testament to both the quality and promise of our product,” Richard Herring, CEO of Vu1 stated in the press release. “We look forward to working with the CLTC and our fellow affiliates to drive awareness of and enthusiasm for our technology and continue to develop our technology to meet the needs of the industry.”

Membership with the CLTC will allow Vu1 to share and conduct research with other leaders in the lighting industry. As more research develops regarding the harmful health and environmental risks associated with mercury, consumers are looking for lighting alternatives.

“We believe there is a pressing need for new lighting technologies to address our growing efficiency demands and welcome Vu1 as a partner and an affiliate to the Lighting Technology Center,” said Michael Siminovitch, director of the CLTC. “Vu1 shares our mission of creating environmentally friendly lighting solutions, and the CLTC looks forward to partnering with them.”

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A.P. Pharma Inc. (APPA) Reveals Positive Phase III Results for Treatment of Chemotherapy Side Effects

Tuesday, September 30th, 2008

A cancer diagnosis is devastating, and oftentimes the treatment following such diagnosis can be just as mentally and physically debilitating. The majority of patients receiving treatment experience some degree of emesis, or nausea and vomiting, associated with chemotherapy. The prevention and control of emesis is very important for the patient, and chemotherapy patients are typically administered an anti-emetic prior to treatment.

Specialty pharmaceutical company A.P. Pharma Inc. (Nasdaq: APPA) today announced positive results from its pivotal phase III study that compares the efficacy of the company’s lead product, APF530, with Aloxi for the prevention of emesis, also known as chemotherapy-induced nausea and vomiting (CINV).

The phase III trial is based on the participation of 1,395 patients, treated at 103 centers in the United States, Poland and India. The patients were classified according to their level of emetogenic chemotherapy to demonstrate the safety and efficacy of APF530.

According to the press release, A.P. Pharma’s APF530 was “generally well tolerated.” Regarding a side effect correlated with previous human use of granisetron (which is used in APF530), only one serious adverse event was reported as possibly attributed to APF530.

“We are highly encouraged with the results of our phase III trial and are working diligently to get our product approved for marketing as soon as possible. In the meantime, we will be carefully evaluating the best way to maximize the value of this asset for our shareholders,” Ronald Prentki, A.P. Pharma’s president and CEO stated in the press release.

From here, the company intends to create a data package appropriate for inclusion in its New Drug Application (NDA), which it plans on submitting to the U.S. Food and Drug Administration (FDA) during the fourth quarter of 2008.

“According to our market research, there are more than 6 million cycles of chemotherapy administered each year in the U.S. We believe this equates to an annual market opportunity in excess of $1 billion. Importantly, virtually all patients who experience acute onset nausea and vomiting will also experience delayed onset nausea and vomiting,” Prentki stated.

“There is currently only one 5HT3 antagonist, Aloxi, that addresses both acute and delayed segments. We are delighted to have the second product to potentially address this use. We believe that the positive results announced today from one of the largest randomized clinical trials ever conducted in CINV, together with physicians’ historical positive experience with our active ingredient, granisetron, will allow APF530 to play a major role in serving cancer patients,” he continued.

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Live Current Media, Inc. (LIVC.OB) To Develop

Tuesday, September 30th, 2008

Live Current Media, Inc. (LIVC.OB) announced today that it has signed a letter of intent with Domain Strategies to develop, a domain name owed by Live Current. Domain Strategies – a leading Internet development company – and Live Current will form a new company, Newco, to build, manage, and monetize The board of directors of Newco will have equal representation, but Domain Strategies will have primary operational responsibilities, including site design, employment and vendors, customer acquisition, and potential strategic partners. Live Current will contribute the domain name to Newco and will receive a 50% interest in the new company, plus a distribution and liquidation preference of $500,000.

Domain Strategies is also investing $250,000 in cash to the venture, demonstrating its faith in the potential of the domain. Rob Monster, chairman of Domain Strategies, said, “Live Current has assembled an outstanding portfolio of development-worthy domains. We know from past experience with properties like that there is a large opportunity for value-creation by developing domains into operating companies. We look forward to partnering with Live Current on as well as future joint productions which tap the raw potential of their portfolio.”

Geoffrey Hampson, Chief Executive Officer of Live Current, commented, “We are very pleased to be entering into this partnership with Domain Strategies and Rob Monster, a proven developer of web properties. Live Current’s strategy is to prioritize building businesses around our top two domain names, and, and to seek alternative methods of monetizing the other 850 names in our portfolio. Our partnership with Domain Strategies is indicative of the value of these domain names and reinforces our belief that the top 30 domain names can be built into profitable businesses given the right management focus and resources.”

Live Current focuses on developing what the company calls a DestinationHub, a powerful domain name which provides effective ownership of a subject category, and which can be developed into a major Internet presence using outside resources.

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Alanco Technologies, Inc. (ALAN) Quarterly Sales Up 32%

Tuesday, September 30th, 2008

Alanco Technologies, Inc.,(NASDAQ:ALAN) announced today that preliminary results for first quarter FY 2009 sales jumped 32%, to approximately $6 million. The increase is the result of revenues generated by the company’s new TSI PRISM Radio Frequency Identification (RFID) tracking system.

Robert R. Kauffman, Alanco chairman and CEO, commented, “Commencing in 2002 with the acquisition of TSI PRISM, and the 2006 acquisition of StarTrak Systems, Alanco has operated as a development stage company, investing heavily in both of these pioneering businesses which are today the technological and market leaders in their respective markets.” The additional revenue provides a needed boost to the company’s earnings. Kauffman added, “We believe that the new fiscal year, which commenced July 1, 2008, will finally mark our transition to commercial viability and sustained profitability in both our TSI PRISM and StarTrak businesses.”

Alanco Technologies operates in three business segments:

• Wireless Asset Management – Alanco acquired Star Trak Systems in 2006, a provider of GPS tracking and wireless asset management services to the transportation industry.
• RFID Tracking Technology – Alanco acquired TSI/PRISM in 2002, and has developed a state-of-the-art RFID tracking system for security and personnel monitoring, with a focus on the corrections industry.
• Data Storage Solutions – Alanco acquired Excel Meridian Data in 2000, to provide unique data storage, backup, and disaster recovery solutions.

Alanco, based in Scottsdale, Arizona, is developing a significant position in wireless tracking and RFID markets. Their GPS systems are now the dominant provider of tracking services for refrigerated trucks, trailers, railcars, and containers. Alanco is also the leading provider of RFID real-time tracking technologies for the corrections industry, for both inmates and officers. In addition, the company offers a one-stop source for business data storage and recovery that sets it apart from the competition.

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Elray Resources Inc. (ELRA.OB) Continues to Find Positive Cambodian Gold Indicators

Tuesday, September 30th, 2008

The legions of miners drawn to the 1840’s California gold fields is a testament to the power of gold. Miners braved all sorts of conditions to strike it rich, and that lure still draws miners and fortune seekers to the last unexplored regions of the world. Although many people will never be able to actually participate in the adventure of gold mining in unexplored regions of the planet, the opportunity to be a part of the adventure does exist. Playing the edges of the gold mining business can be fun and exciting for the adventurous at heart, and it can also be profitable if hurdles can be overcome and the long run is considered.

Elray Resources Inc., a junior exploration and development mining company, works to identify and exploit gold and other precious metal deposits, primarily in Cambodia and Mexico. The company has a large presence within the developing Cambodian mining community and a 120-day option agreement for its Mexican opportunity.

The company is, for the most part, a development stage mining company exploring for gold in Cambodia. Cambodia is professed to be one of the last, largely unexplored countries for gold, not counting a cursory 1970’s exploration by the French. From all accounts, mineralization for gold in the country is abundant based on both anecdotal and visual evidence. Generally, this anecdotal evidence and visual inspection is coming from small mining groups and farmers in remote parts of the country. In each case, however, reports indicate narrow seams of gold and nearby geological references consistent with much larger deposits.

Gold prices do seem to be establishing a workable cost margin basis to offer Elray Resources the ability to tap this untamed opportunity. If the evidence found to date is any indication of potential, there is opportunity for profit.

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Oil prices fall in Asian Market after US Bailout Fails

Tuesday, September 30th, 2008

The failure of the proposed $700 billion U.S. bailout bill on Monday has caused oil prices to fall to $95.55 a barrel in Asia on Tuesday. Crude prices scheduled for delivery in November decreased $0.81 in electronic trading on the New York Mercantile Exchange in Singapore.

On Monday, oil prices dropped $10.52 in reaction to the U.S. economic situation. The day’s trading results were the largest percentage drop seen since 2001. In the last seven days, crude prices have plunged almost $25 per barrel, a 20% decrease. Even in London, November Brent crude was down to $93.42 a barrel, a $0.56 drop, on the ICE Futures exchange.

Oil was not the only item that fell in yesterday’s trading. The Dow Jones industrials ended the day with a 777 point reduction, which is the largest drop for a single day’s trading. The reaction on Wall Street was the result of the U.S. House of Representatives’ rejection of the bank bailout package. At this time, officials are attempting to structure a new bailout plan.

“Yesterday’s reaction was justified. There’s a lot of anxiety in the market. I think the market will now likely take a wait-and-see approach until a new emergency package emerges,” stated Mark Pervan, a senior commodity strategist at ANZ Bank in Melbourne. “Even with a new package, conditions remain weak for commodities.”

Pervan anticipates that oil futures will fall to $80 per barrel in the next six months and may even drop as low as $60. Investors are closely watching the strength of the dollar. Some investors will buy crude futures as a hedge against a weak dollar and inflation, and then sell the futures once the dollar again strengthens. The 15-nation Euro remained steady on Tuesday at $1.4424 while the dollar rose to 104.48 yen.

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BioSolar Inc. (BSRC.OB) Discovers Technique to Reduce Cost of its Bio-Based Solar Cell

Tuesday, September 30th, 2008

BioSolar Inc. (BSRC.OB) is a company that has developed a breakthrough technology to produce bio-based materials from renewable plant sources, such as cotton and castor beans, which in turn reduces the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce costs.

BioSolar is the first company to reduce costs of solar cells by replacing petroleum-based plastic solar cell components with durable bio-based components. Through the advanced manipulation of bio-based polymers, the company is able to produce robust, bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes.

BioSolar announced today that the company has developed a new technique to further reduce the cost of its bio-based solar cell component called BioBacksheet. The company’s BioBacksheet product is currently being readied for production and is expected to deliver a 25% reduction in cost when compared to petroleum-based components.

BioSolar has also recently developed a new material configuration and manufacturing technique to produce a version of BioBacksheet that can potentially deliver a 50% reduction in cost. A patent application has been filed for this new invention.

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The Green Baron Report to Conduct Exclusive Webcast with New Axial Vector Energy Corp. (AXVC.PK) President and CEO

Tuesday, September 30th, 2008

In this morning’s news, Axial Vector Energy Corp. announced that Sanjai Chhaunker, who was recently appointed president and CEO, will be featured in an exclusive, taped webcast interview. The purpose of the interview is to help current shareholders as well as the rest of the investment community learn more about the current and future potential of Axial Vector Energy.

This interview marks the first public webcast with Mr. Chhaunker, who is now leading Axial Vector as president and CEO. Chhaunker has plans to discuss a number of issues, such as his company’s plans for the recently announced 15kw generator /motor, plans to become fully reporting, and details over the latest improvements to the 200kw Genset generators.

According to the press release, unrestricted access to the interview will be available this Thursday at The Green Baron Investors Society’s website The investor website informed subscribers on Sept. 30 through a newsletter that they “maintain that AXVC will skyrocket by year end and view the stock as a screaming buy anywhere below .35 per share.”

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Your Best Interest

Tuesday, September 30th, 2008

When it comes to debt, people give themselves credit — lots and lots of credit. At the end of 2007, Americans owed $941.1 billion in credit-card debt.

Successfully managing credit is crucial, but there are some arcane credit-card rules that may affect your balance, your interest rate, and even your credit score.

  • The more you use, the more you lose: Your credit score is based in part on how much credit-card debt you have in relation to your credit limit. Experts recommend using no more than 10% of your available credit. Over 50% could actually reduce your credit score.
  • Bare minimum: About 60% of Americans carry a balance on their cards from month to month, including some who pay only the minimum required payment. With a $2,000 balance and a 14% interest rate, paying only the minimum payment each month would take over 14 years to pay off the debt and the interest.
  • Universal default: If your credit-card agreement has a universal default clause, you could be hit with a higher interest rate if you are 30 days late paying any of your credit cards or other payments, such as your mortgage, car loan, and even your phone bill.

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Performance Health Technologies, Inc. (PFMH.OB) Providing Alternative Rehabilitation Programs for Stroke Survivors

Tuesday, September 30th, 2008

Performance Health Technologies, Inc. is a developer and marketer of performance evaluation and rehabilitation products that provide in-depth monitoring and guide exercises by using real-time motivational feedback. The company’s versatile proprietary technology platform, MotionTrack™, tracks and monitors movement in real-time, providing instant visual feedback to the user.

Performance Health has developed a revolutionary computer program called Core:Tx®. This computer program provides motivational, therapy-based activities that can be done in one’s home, eliminating numerous trips to the offices of a healthcare professional. By utilizing the patent-pending MotionTrack™ technology, users are guided through a series of pre-set exercises, which stroke survivors, for example, can use as part of the rehabilitation process from the comfort of their own homes. The exercises can be done using the affected arm or leg, and were designed by physical and occupational therapists to help a stroke survivor restore previous strength and range of motion.

As patients perform these exercises, visual feedback and motivational information is relayed back to them via a wireless sensor. Performance Health intends on expanding development and continuing research involving this product line, which will include allowing patients to stay connected with their therapist or fitness professional via the Internet, and enabling them to perform more customized routines.

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NaiKun Wind Energy Group Inc. (NKW.V): Developing Wind Farms

Tuesday, September 30th, 2008

Headquartered in Vancouver, British Columbia, NaiKun Wind Energy Group Inc. is planning a large scale offshore wind farm in the Hecate Strait off the northwest coast of British Columbia (B.C.), Canada. The company trades on the TSX Venture Exchange and is developing their project through wholly-owned subsidiary, NaiKun Wind Development Inc. NaiKun is proposing to construct and operate this wind farm in a 550-square-kilometer permit area within the Haida Energy Field. The Hecate Strait area is between the Queen Charlotte Islands and the B. C. mainland and has some of the most consistent and powerful winds in all of Canada.

The company’s goal is to establish B.C. and Canada as one of the world leaders in renewable energy development. NaiKun believes this wind farm will be a cost-effective, clean, domestic energy source that will serve the B.C. electricity market. Phase one of this planned project will be for 320 MW of wind power, enough to provide electricity to 120,000 B.C. homes. When this five-phase wind project is complete, NaiKun Wind Energy Group Inc. hopes to generate 1,750 MW of electricity, or enough to supply 600,000 B.C homes.

NaiKun Wind Energy Group Inc.’s subsidiary, NaiKun Wind Development Inc., this month announced the expansion of their engineering team. They did this by including Offshore Design Engineering Ltd. (ODE, formerly Sandwell Engineering Inc.), one of the world’s leading offshore wind project engineering consultants, as major players in the design and construction of their wind energy project in Hecate Strait. ODE offers significant European experience in offshore wind projects.

Offshore wind turbines generate between two and five MW of electricity per turbine. A 5MW turbine can power 350,000 high efficiency (CFL) light bulbs with clean, renewable electricity. Many developers of wind projects are beginning to look offshore, as the winds over open waters are stronger and more regular. This is because there is less obstruction from mountains, hills, and trees.

NaiKun believes energy production from the first turbines of this project may begin in 2010 at the earliest. They must complete certain steps before this will take place. These include a full and thorough environmental review and discussions with all affected communities and stakeholders, as well as a geophysical seabed survey, the measurement of waves and currents and field studies.

The company plans for construction to begin upon receiving final approval from various levels of government. They also require a power purchase agreement to be completed and the raising of investment capital. NaiKun is working hard to put everything in place to develop this extensive project. Sitting in the seabed in Hecate Strait, NaiKun’s wind farm project will be a family of 67 to 110 wind turbine towers when it is complete.

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Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) Reaches Agreement with I.E.M.E. International, Inc. for National Training Programs

Tuesday, September 30th, 2008

This morning before the bell, Brite-Strike announced that it has inked an agreement with I.E.M.E. International, Inc. As terms of the agreement, I.E.M.E. will be the sole training organization for Brite-Strike’s line of illumination products.

I.E.M.E. International, Inc. is a recognized leader in the field of education and training. The training institution’s background in EMS education, OSHA compliance training, rescue services standby-training and self defense training makes them a perfect fit for a successful company such as Brite-Strike.

I.E.M.E. has trained law enforcement, fire/rescue, military, government agencies, hospital employees, and civilian groups from across the nation and abroad. They also offer training for secure installations around the country, including dozens of nuclear power plants, which could be a major market for Brite-Strike products.

I.E.M.E. has created the TIDS(TM) (Tactical Illuminations Defense System) for the law enforcement professional. The basic 4-hour and advanced 8-hour programs were designed to certify law enforcement personnel in the use of Brite-Strike’s “Tactical Blue Dot” Series lights. The programs will teach self-defense and use of force, as well as controlled cooperation techniques.

For civilian safety, I.E.M.E. has developed the V.I.C.E.(TM) (Victim Illumination Controlled Evasion) and A.D.V.I.C.E.(TM) (Assaulted Defensive Victim Illumination Controlled Escape) systems. These programs are designed to teach civilians, women and children how to safely flee from an attack or potential attack. The proven, effective and easy-to-learn systems will show students self defense techniques, surroundings awareness, strikes on attackers, and illumination techniques.

According to the press release, every program is based on KRAV MAGA and Muay Thai disciplines and are exclusively developed by I.E.M.E. International, Inc. and the Force Training Division staff.

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Cereplast, Inc. (CERP.OB) Supplies Bioplastic Resin for Non-Petroleum Based Products

Tuesday, September 30th, 2008

Cereplast, Inc. (OTCBB: CERP) announced that they will begin supplying biodegradable resin for a new line of tableware by WNA, Inc.

WNA recently launched the Earth Sense line of high-quality disposable plates and cutlery. They will be made with Cereplast’s renewable and ecologically sound resin, made of such materials as corn, wheat, tapioca and potato starches. These substitute for petroleum-based plastics.

“We are very pleased about working with WNA and with the growing demand and applications for our Compostables family of resins,” said Frederic Scheer, Cereplast chairman and CEO. “This represents a multi-million pound (£) opportunity for our company. As consumers become more concerned about their impact on our environment, more and more converters and manufacturers are responding with environmentally-sound and cost-competitive alternatives.”

With plans to expand elsewhere, WNA’s EarthSense line will be initially available in California, where there are more commercial facilities able to process bio-based disposables.

“We have seen a growing demand from our customers for environmentally-friendly bioplastic products,” said Al Madonna, WNA director of marketing. “Cereplast offered a real solution for our bioplastic needs and the flexibility in manufacturing a variety of sustainable products.”

Cereplast also has hybrid resins that can be used in the automotive, consumer electronics and packaging industries. Both resins can be used in mass manufacturing processes as varied as injection molding, thermoforming and extrusions.

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American Vanguard Corp. (AVD): Profits on the Farm?

Tuesday, September 30th, 2008

American Vanguard (AVD) is a maker of specialty chemical products for agricultural and commercial uses, primarily on American farms. The company manufactures and formulates chemicals for crops, human, and animal protection. These chemicals include insecticides, fungicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms. In addition, American Vanguard distributes various pharmaceutical and nutritional supplement products, as well as offers environmental consulting services.

Earlier this month, the company declared a semiannual cash dividend of three cents per share. The dividend came on the heels of a five-cent a share dividend earlier this year, showing investors the company’s cash position is healthy. In August, American Vanguard said second quarter earnings rose to $4.3 million, or 16 cents per share, compared with $3.6 million, or 13 cents per share, in the second quarter of 2007. The company attributed the growth, in part, due to increased demand from farm customers in Mexico.

To bolster its farm chemicals both in the U.S. and abroad, American Vanguard has been a steady buyer of chemicals businesses from other companies, including acquisitions last year from BASF and Bayer AG. Noteworthy is the fact that American Vanguard’s bottom line is bolstered by congressional subsidies to American farmers, which can number in the billions of dollars. Competitors include Aceto Corp., FMC Corp. and the privately held Dow AgroSciences LLC.

As global demand for commodities continues to surge, California-based American Vanguard should reap the benefits. The company had 2007 sales of $224.5 million and a profit margin of 8.5 percent. Corn, in particular, could prove to be a profitable niche for the company as growers race to meet the higher demand created by ethanol development.

American Vanguard shares closed at $14.80 on Monday and have traded between $9.84 and $20.30 over the past 52 weeks. The company has 26.6 million shares outstanding, with almost 33 percent held by insiders and almost 61 percent held by institutions. American Vanguard has a market value of $393.6 million.

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