Archive for July, 2009

eDOORWAYS Corp. (EDWY.PK) on Target for Soft Launch Date; Provides Final Update on Pre-Launch Demonstration

Friday, July 31st, 2009

eDOORWAYS Corporation today provided the investment community with a final update on its proposed walk-through presentation described in the press release issued on Friday, July 24, 2009.

“Recently, we extended an offer to show SOLVE to those shareholders who would like to gain a better understanding of the design and workings of the SOLVE doorway via a live walk-through demonstration,” stated eDOORWAYS Chairman and CEO Gary Kimmons. “These same shareholders would then have the duty of giving an unbiased reporting to those shareholders who were not made privy to the demonstration.

“Our offer was made with the provision that any shareholder desiring to view the presentation would be required to make necessary representation that they were, in fact, a shareholder of record and that they would comply with certain SEC legislation that would limit their activity in the marketplace as it relates to trading eDOORWAYS securities. This placed a burden on most of our shareholders that has proven difficult to overcome.

“Of the more than two thousand shareholders of record holding eDOORWAYS stock today, virtually no one elected to participate. There were fewer than five verified shareholders of record who chose to do so. This number represents less than 1% of the current shareholders holding eDOORWAYS stock of which collectively hold less than 1% of the Issued and Outstanding Shares. Unfortunately, these numbers would have had to be much greater for us to justify going forward with the demonstration.

“First, the cost of doing so would have been prohibitive to accommodate such a small number of volunteers. Even more important for us all to consider, however, is the relative risk of entrusting an extremely limited number of participants, whom combined hold a fraction of the overall share count, with the responsibility of reporting their observations and opinions to our entire shareholder base and the rest of the world. A fair representation of shareholder interest for an example would have been a greater number of shareholders (twenty or thirty) irrespective of stock ownership, or, a fewer number of shareholders with significant (thirty to sixty million shares) combined holdings.

“We do not believe that it is fair to you, our shareholders, to risk the value of your holdings on the basis of one or two opinions from individuals who combined may have much less at stake than you. The question we had to ask ourselves was this: ‘Is this group truly capable of portraying SOLVE as it should be seen and will this group be considerate of shareholder risk?’

“With the soft launch now looming as a near-term event, we believe it to be far better for us to wait until everyone can see the platform. We ask for your patience as we await this event, and we thank you for being loyal and supportive investors in eDOORWAYS Corporation.”

eDOORWAYS’ executive management reaffirmed that the company is still on track for a timely soft launch on October, 1, 2009. In the press release, the company also said that auditors will begin their review for the filing of Form 10K sometime in the next seven business days, which should keep eDOORWAYS on course for its target date for filing the 10K along with first and second quarter statements.

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Kodiak Energy Inc. (KDKN.OB) is “One to Watch”

Friday, July 31st, 2009

Headquartered in Calgary, Alberta, Kodiak Energy Inc. is an oil and gas exploration and development company. Trading on the TSX Venture Exchange and the OTCBB, they focus on creating a portfolio of North American assets that offer production opportunities and asset growth through exploration. Kodiak is a multi-project enterprise with a land position of over 340,000 gross acres leased for exploration and development.

The company’s mission is the development of onshore oil, gas, and CO2 properties in the North American arena. Kodiak Energy has lease holdings in Montana, Alberta, and British Columbia. They also have prospects in the central Mackenzie River Valley of the Northwest Territories, Canada and in northeastern New Mexico. Through their private subsidiary, Cougar Energy, Inc., they are developing the projects of Lucy in the Horn River Basin in northeast British Columbia. The basin has a reputation within the oil and gas industry for its large scale, excellent prospects, and reserves of shale gas. Through Cougar Energy, Inc., they are also developing the CREEnergy Joint Venture located in north central Alberta.

Their prospects also include the “Little Chicago” or “EL 413″ prospect in the Northwest Territories, and the Sofia project in northeastern New Mexico. Their “Little Chicago” or “EL 413″ prospect is located in the central Mackenzie River Valley of the Northwest Territories. It has multi-formation targets for light and medium oil as well as natural gas prospects. Kodiak’s Northeast New Mexico prospect is mainly a CO2 prospect for the growing industry demand for enhanced oil recovery in the area.

Kodiak Energy, Inc. reported earlier this month that their majority controlled private subsidiary, Cougar Energy, Inc., funded and completed the requirements of the “exclusivity contract” of the CREEnergy Oil and Gas Inc. agreement announced on December 1, 2008. The agreement provides for an “exclusivity contract” with CREEnergy for oil and gas properties for up to 15 townships or 345,000 gross acres of mineral rights in north central Alberta, Canada. The initial leases are for mineral rights on 46,000 gross acres for a lease term of 10 years.

Last week, Kodiak Energy, Inc. announced that Cougar Energy, Inc. reached an agreement in principle with a private company to acquire the wells, facilities, and production with operations in and adjacent to the CREEnergy project. The acquisition will add 11 producing wells and additional 21 low cost workover or recompletion candidates, essential water disposal and production facilities, and associated pipelines.

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General Employment Enterprises Inc. (JOB) Suffering From Deep Recession

Friday, July 31st, 2009

General Employment Enterprises Inc. announced its third fiscal quarter earnings results reporting a net loss of $2.295 million, or $0.44 per share, and consolidated net revenues of $2.52 million. These results were down sharply from the same quarter in 2008.

The company is in the midst of a strategic restructuring, and recorded a non-cash charge of $1.475 million in the quarter as part of this restructuring. Ronald E. Heineman, the CEO said, “This strategic restructuring will provide us with a stable platform for future growth.”

General Employment Enterprises Inc. is impacted greatly by the trends in national employment, and has seen a sharp drop in business due to the recession, and high unemployment rate. General Employment Enterprises Inc. recently raised capital through the issuance of 7.7 million shares of its common stock to PSQ, LLC for $1.925 million. The company received $1.432 million after fees.

General Employment Enterprises Inc. is a Staffing and Outsourcing Services Company headquartered in Illinois. The company has a niche and focuses mostly on information technology, accounting and engineering staffing and placement. General Employment Enterprises Inc. has eight offices located in Arizona, California, Indiana, Massachusetts, North Carolina, Ohio and Texas.

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Entech Solar, Inc. (ENSL.OB) Announces Noteworthy Progress

Friday, July 31st, 2009

Entech Solar, Inc. announced that the company has made noteworthy progress for their solar and skylight products. Recently, Entech suspended manufacturing operations for previous generation solar systems, but has made developmental progress for their next generation products. The company has completed the initial design phase for their ThermaVolt II product, including the construction and operation of a prototype. This product was able to successfully produce both electric and thermal energy.

Dr. Frank W. Smith, Entech Solar’s Chief Executive Officer, stated, “ThermaVolt II’s combined output of electricity and thermal energy produces four to five times the amount of energy compared to traditional photovoltaic systems. Through the net metering of electricity and the offset of natural gas, ThermaVolt II has the potential to be highly disruptive in the solar energy marketplace.”

In addition to Entech’s previous patents, the company has also filed a number of new patent applications associated with ThermaVolt II design and manufacturing process. These patents will ensure the protection of the company’s property while also allowing public disclosure of certain product features.

Mark O’neil, Chief Technology Officer, added, “For the past 25 years, our arched Fresnel lenses have demonstrated outstanding performance in the real-world environment, and ThermaVolt II will continue to use this proven optical concentrating technology.”

The ThermaVolt II module’s size and shape are similar to those of a standard flat-plate PV module. This standardization will enable easy adoption in the marketplace and allow Entech to enter the rooftop application market. The standard size also allows for a more conventional installation approach, greatly increasing the potential dealer and installer channels to market. Additional product details and images of the ThermaVolt II prototype may be found on Entech Solar’s website: www.entechsolar.com.

Since March, the company has also been dedicating resources to develop their patented tubular skylight. Because the company has received funding from the American Recovery and Reinvestment Act of 2009, the company has renewed their commitment to commercialize their state-of-the-art tubular skylight.

Dr. Smith stated, “We view the skylight opportunity as a possible means to diversify and grow our near-term revenue. Skylight customers benefit from reduced electricity bills and increased productivity from the natural light, resulting in an expected payback period of approximately five years. The manufacturing of the skylight can be easily outsourced, requiring very little capital investment from the Company.”

As Entech Solar progresses, it will continue to focus on the commercialization of both the ThermaVolt II and tubular skylight products. The company’s next steps is further developing the ThermaVolt II system and build a supply chain, completing the UL-certification process, and installing beta sites. Entech Solar’s next steps for their tubular skylight product line include building a supply chain and working with roofing companies and energy service companies.

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Solanex Management, Inc. (SLNX.OB) Offers Unique Oilfield Tools

Friday, July 31st, 2009

Solanex Management Inc., a Nevada company specializing in the application of steam technologies, offers a unique way to help the industry and the environment. The company has obtained the right to manufacture, market, and sell what is called the Thermal Destructor, a self-contained, mobile system for the cleaning of sites, such as abandoned oil well sites, contaminated with hydrocarbons. The product consists of a high-efficiency combustion chamber, together with an advanced air scrubbing system that effectively breaks down all hydrocarbon residues by combusting them, returning sterile, cleaned soil and clay back to the environment. Solanex provides the technology for site cleanup services through an agreement with ecoTECH Waste Management Systems.

In addition, the company also offers the oil industry a Steam Injection System, being developed for use in the oil sands and shale-heavy oil mining industry. It utilizes knowledge gained from the development of the Thermal Destructor to create an easy to deploy steam generation system, for use in oil fields where high-pressure steam can be injected into the oil formation to soften material in which oil is trapped to help separate it from the earth. The steam simultaneously creates channels through which oil can flow to the well. The approach is valuable for wells that have already been exhausted via primary and secondary means of oil retrieval.

The Steam Injection System is especially well suited for companies in the bitumen/heavy oil exploitation business. Bitumen is a semi-solid tar-like form of oil that doesn’t flow at normal temperatures and pressures, and cannot be produced from a well without heating or dilution. Steam is a logical solution. High pressure steam can be injected into the oil sands over the course of several weeks, softening the bitumen and separating it from the sands while creating channels for the liquefied bitumen to flow to the well. Monthly cycles of steam injection can be used to continue production on a regular basis.

Existing steam application systems usually involve large stationary structures that are very expensive, and with a finite range due to pumping and piping limitations. The Solanex solution offers a number of advantages over conventional systems:

• Portability
• Lower Cost
• Higher Efficiency
• Fuel Flexibility

As a result, the Solanex Steam Injection System can be used to recover heavy oil from shale deposits not previously viable.

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Kraig Biocraft Laboratories, Inc. (KBLB.OB) Aims to Turn Spider Silk into a Commercially Available ‘Super Fiber’

Friday, July 31st, 2009

Kraig Biocraft Laboratories Inc. is a biotechnology company using state-of-the-art genetic techniques to develop transgenic silkworms capable of producing spider silk. The company believes that because of spider silk’s characteristics, it has the potential to become a ‘super-fiber’ with many commercial applications.

Spider silk is among the strongest fibers produced in nature. The silk has several properties that are unmatched by man-made fibers. One property is spider silk’s capacity to absorb energy and to dissipate this energy in a controlled manner. This property makes spider silk especially attractive for applications where energy absorption is a key design factor such as bulletproof vests, suspension cables, parachute cords, artificial ligaments, etc.

Another significant property of spider silk is its extreme resistance to breaking under strain. In this respect, spider silk significantly outperforms virtually all known natural and man-made fibers. It is this property that makes spider silk appealing for use as a ‘super fiber’.

With spider silk products, Kraig Biocraft will be attempting to break into the market for high performance technical fibers. This market generates $90 billion per year, with the United States accounting for more than half of the market. The industry has experienced significant growth over the past 10 years and growth in the sector is expected to continue.

There are well-established products in the marketplace – Kevlar, Spectra, Dyneema – which will provide competition for the company’s products. However, there are certain properties that are inherent to spider silk, such as the ability to absorb energy, making it superior to these synthetic products.

Spider silk, being all natural, should also give Kraig Biocraft an advantage over competitors’ products which are made in a manufacturing process using toxic chemicals and are highly pollutive to the environment. Based on these factors, the company should be able to find a profitable niche for their products in the marketplace.

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Sector 10, Inc. (SECI.OB) Offers Cutting-Edge Stationary Emergency Response Units

Friday, July 31st, 2009

Sector 10 Inc. is a company which is reshaping the emergency response industry. It is the only emergency response systems company that is so strongly emphasizing using onsite pre-deployed resources as a way to reduce liability, avert injuries and save lives.

One of Sector 10’s primary products is the stationary response unit. This stationary response center contains the essential equipment needed for disasters and crisis situations. Some of the company’s stationary response unit features include: chemical and biological masks, iodine tablets, eye wash system, first aid supply packs, cameras, computer and communication features.

Sector 10 is integrating a new media platform with its SRU (standard response unit) product line called SRU-Media. These units provide all the pre-deployed resources found in the company’s SRU, while offering something else. This something else is the ability to display various types of advertising, search results, corporate branding, AMBER alerts, public service announcements, venue directory services, and real-time evacuation instructions.

The SRU-Media unit is intended to be placed in high traffic public venues such as airports, convention centers, mass transit stations, entertainment venues, sports stadiums and arenas, and retail locations – wherever the public is found in masses.

Sector 10’s SRU-Media units are intended to generate revenue during times of normal operation. The advertising dollars that may be generated by the units can more than offset the expense of these multi-purpose units. With the widespread adoption of the company’s SRU-Media units, Sector 10 is building one of the largest proprietary digital networks in the world. This is in addition to the company’s main focus of saving lives in the event a disaster strikes.

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Semiconductor Industry Survival

Friday, July 31st, 2009

The financial downturn and global recession has hit the semiconductor industry hard. Orders for microchips were almost non-existent at the end of 2008 as computers and mobile phones languished unsold on retailers’ shelves.
According to the Semiconductor Industry Association, global semiconductor sales fell 2.8 percent last year and are expected to fall a further 21.5 percent to $195.6 billion this year.

The semiconductor industry is used to severe cycles. It has seen six significant cycles since the 1970s caused by recessions and oversupply. The last one, when the dotcom bubble burst in 2001, saw sales plunge 45 percent. But this time, it’s different. Strategic issues, such as soaring development costs and the intensifying need to innovate, have combined with the effects of the global recession and are unleashing forces that will reshape the entire industry.

One of the traditional driving forces of the semiconductor industry – computer sales – has been slowing over the past several years. Shipments of computers in 2009 are estimated to decline once again by 6 percent. This decline in computer sales is forcing chip companies like Intel to look elsewhere for growth, such as mobile chips.

As chips become smaller and smaller, development and production costs soar. The tools to make such tiny chips would be too expensive for companies to recover their costs over the lifetime of production. Intel estimates that only companies with about $9 billion in annual revenues can afford to be in the business of building new fabs. That would leave only Intel, Samsung, Toshina, Texas Instruments and STMicroelectronics.

The high development cost of new, smaller chips is thinning the “herd” of chip companies that can survive. Many companies have closed their manufacturing facilities and have outsourced manufacturing to Asian foundries. The fourteen chipmakers who were in the game at 90 nanometer have been reduced to nine at the current 45 nanometer level. Only two – Intel and Samsung – have firm plans for 22 nanometer factories.

The very largest chip companies may also need to experiment with new materials and work at the nanoscale – manipulating chips at the atomic level – in order to survive.

President of the Semiconductor Industry Association, George Scalise, said “We are now facing the research dilemma. Will the semiconductor industry lead the transition to the era of nanotechnology – or will we go the way of the vacuum tube manufacturers?” None of the companies that made vacuum tubes for the first computers in the 1940s and 1950s survived the switch to the silicon age.

Here are some of the companies that investors who want to own semiconductor stocks should be looking at:

Intel (NASDAQ: INTC), ARM Holdings (NASDAQ: ARMH), STMicroelectronics (NYSE: STM), and Texas Instruments (NYSE: TXN).

There are also two broad-based semiconductor ETFs for true believers in the sector:

SPDR S&P Semiconductor ETF (NYSE:XSD) and iShares S&P North American Technology Semiconductor Index Fund (NYSE: IGW).

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Small Cap Voice Featured Company: Green Star Alternative Energy, Inc. (GSAE.PK)

Friday, July 31st, 2009

Green Star Alternative Energy is an eco-energy company focused on changing the way energy is produced. The company recognizes that tomorrow’s bright future is dependent upon the appropriate actions of today. Green Star is developing projects worldwide to meet the need for clean, environmentally friendly methods of energy creation.

Currently, the company’s business involves the creation of renewable electricity from the power of wind. This pollution-free and infinitely sustainable form of energy does not use fuel or produce greenhouse gasses. With more than $71 billion of new investment and an overall growth rate of 15%, the renewable energy sector has the potential to grow into the next big industry.

Green Star is led by CEO Miodrag Andric who has accumulated a wealth of international business experience. For nearly a decade, he has been involved with the alternative energy sector and has an extensive background in renewable energy systems. Mr. Andric is fluent in the languages of Serbian, English, French, Italian, German, and Russian.

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Small Cap Voice Featured Company: GeoBio Energy, Inc. (GBOE.PK)

Friday, July 31st, 2009

GeoBio Energy, Inc., dba Plastics Conversion Technologies, Inc., is a recovery, cleaning, and plastics recycling company focused on constructing large scale, plastic recycling operations near automotive shredder locations nationwide to produce recycled commercial grade plastics. The company will use its patent pending and proprietary cleaning process to rehabilitate contaminated scrap plastics.

The company’s wholly owned subsidiary, EnviroPlastics Group, was founded for the purpose of capitalizing on a growing market to supply recycled commercial plastics to industries such as automotive and consumer products manufacturers. Their plastic recovery process is highly cost effective and efficient, promising to reduce the amount of Shredder Residue going to landfills.

The plastics recovered by EnviroPlastics Group are the company’s main source revenue. However, GeoBio Energy has identified multiple markets for the recovered plastics — markets that will utilize recycled plastic in the manufacture of various products and benefit from substantial savings over the cost of new plastic which is tied to the cost of oil. Significant demand in both domestic and international markets exists for cheaper, recycled materials.

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Premier Commercial Bancorp (PCBP.OB) Reports Earnings for Second Quarter and Year-to-Date

Friday, July 31st, 2009

Premier Commercial Bancorp, parent company of Premier Commercial Bank, N.A., reported a sizable increase in consolidated earnings for the second quarter of this year. Earnings totaled $206,000, compared to $113,000 for the same period last year. For the six months ended June 30, 2009 earnings totaled $411,000 compared to $485,000 for the same period last year and $352,000 for 2007.

Premier Commercial Bank Chairman and CEO Kenneth J. Cosgrove commented, “The financial results for the second quarter of 2009 are reflective of the continued challenges of the financial environment. At PCB, we have responded cautiously through prudent loan loss allocations and proactive loan portfolio management. Although the impact to earnings has been negative we feel it will reinforce the continued stability of the Company and contribute to future growth potential.”

As of June 30, 2009, total assets were $400 million, increasing slightly from $390 million for the same period last year. Total deposits were $292 million, down notably from $336 million at June 30, 2008. Net loans grew 11.6%, increasing from $313 million to $349 million within a 12 month period. Shareholders’ equity at June 30, 2009 was approximately $38.2 million, representing the company’s strong, well-capitalized position.

Premier Commercial Bank President and COO Ash Patel stated, “The solid platform from which we operate has allowed us to meet current client needs and develop new relationships. Our historically sound banking practices have permitted us to remain active in lending to both existing and new clients.”

Cosgrove added, “Core earnings and margins showed strong improvement through six months. Earnings prior to tax, loan loss allocation and the special FDIC assessment imposed on all banks, was actually more than double than that of the prior year. Our commitment to the fundamentals of a solid and proven business plan position us well to participate in the economic recovery when it occurs.”

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Savoy Energy Corp. (SNVP.OB) to Upgrade Rozella Kifer Well’s Technology for Increase in Efficiency and Decrease in Costs

Friday, July 31st, 2009

Yesterday after the closing bell, Savoy Energy Corp. announced that in the near future the company intends to upgrade the technology at its Rozella Kifer Well. The company has ordered a Jack Shaft Reducer that will be installed on the well. The installation is anticipated to increase efficiency by 25% while decreasing maintenance by 23-35%. The new technology is also expected to extend the life of the well’s production.

The Rozella Kifer Well is positioned on 193 acres of land in Gonzales County, Texas. Savoy Energy’s lease has no expiration date as long as the company conducts operations without termination for more than 120 days. It has been estimated that oil reserves for the well are 19,730 Mbbl while the gas reserves are estimated at 3,090 MMcf.

“We are continuously keeping our eye on the bottom line. With today’s technology, we can decrease costs associated with pulling oil out of the ground while increasing profits and in turn, shareholder value,” stated Art Bertagnolli, CEO of Savoy Energy Corp.

Savoy Energy Corporation also reminded investors that its representatives and its joint venture, Savoy-Masi Petroleum Corporation Limited, recently met with The Republic of Fiji Islands Ministry of Lands and Mineral Resources’ Netani Sukanaivalu. Topics discussed included stimulating Fiji’s economy through Oil exploration licenses, recompletion, and work-over activities of previously drilled wells.

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Aura Systems, Inc. (AUSI.OB) Receives Over $1.1 Million in New Military Related Orders for the VIPER Mobile Power Solution

Friday, July 31st, 2009

Aura Systems, Inc., a technology company headquartered in El Segundo, California, specializing in axial flux induction machines applications for mobile power generation and electric motors, recently announced that the company has received over $1.1 million in additional military orders.

These two new orders for the VIPER mobile power solution consist of approximately 36 dual systems in a new release for the United States Coast Guard and approximately 110 systems for the Korean army. The U.S. Coast Guard recently increased their order to over 200 patrol boats, bringing the total order to 66 or 132 VIPERS. The Korean army release brings the total systems released to date to 300.

Melvin Gagerman, Aura System’s chief executive officer, stated, “The new releases from existing customers are the best testimonial as to the excellent attributes of the VIPER mobile power solution.” He concluded, “We are currently also working on a number of other projects for the U.S military that could potentially result in very significant business for many years.”

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Adamis Pharmaceuticals Corp. (ADMP.OB) Influenza Vaccine Demonstrates Efficiency in Immunity against the Virus

Friday, July 31st, 2009

Though it’s not getting the frenzy of media attention it received in the past several months, the World Health Organization and Center for Disease Control say the H1N1 (swine flu) is still spreading worldwide and remains a constant threat. Pharmaceutical companies are working to overcome modern challenges as the virus mutates, and are racing to develop and manufacture enough vaccines to protect citizens on mass scales.

Adamis Pharmaceuticals Corp. operates through its two wholly owned subsidiaries as a specialty pharmaceutical company. The company today announced that its Adamis Viral Therapies subsidiary’s patented vaccine technology induces immunity against the influenza virus by targeting and attacking regions of the virus that aren’t subject to mutation.

According to the company, the influenza virus rapidly mutates, generating a need for reformulated vaccines every year. As a result, conventional vaccines that stimulate antibody responses become ineffective as the virus mutates.

Through the combination of DNA immunization and genetic cell programming, Adamis’ technology differs from conventional vaccines by targeting the induction of T cell immunity, focusing on the regions of the virus that remain constant among the mutating strains of the virus.

In its press release, the company notes that there are regions of several strains of the virus that remain resistant to mutation, including the avian (H5N1) and swine flu viruses. These regions have resisted change since the Spanish Flu pandemic of 1918, and for this reason, Adamis focuses on those unchanged regions to bring about what it hopes will be a breakthrough in vaccine technology.

Through a mouse study, Adamis demonstrated that its vaccine was effective in inducing long-lasting memory T cell responses with the capability to kill virus-infected cell and limit infection.

“We believe this technology is an excellent way to induce T cell immunity and, in addition to influenza, our technology may prove to be efficacious in the treatment of a variety of diseases including chronic hepatitis,” Adamis CEO Dennis J. Carlo, Ph.D., stated.

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Senesco Technologies Inc. (SNT) Moves Promising Drug toward Clinical Trial

Friday, July 31st, 2009

Senesco Technologies Inc. secured additional financing to continue research into genetic technologies designed to deter apoptosis, or programmed cell death, in humans. This technology is applicable in many different diseases including cancer, glaucoma, and cardiovascular problems.

The financing will come in three pieces and will total $705,000. The company will issue 783,332 shares of its common stock at $0.90 per share, and two separate warrant issues.

The first warrant will grant the right to purchase up to 705,000 shares of common stock, at an exercise price of $0.01 per share, exercisable immediately. The balance of the warrants will grant the right to purchase up to 714,794 shares of common stock at an exercise price of $0.60 per share. These warrants are exercisable 6 months from the date of issuance.

Cato Holding Company, one of the purchasers of the stock and warrants, has also agreed to cancel $175,000 of debt owed to it by Senesco Technologies Inc.

Senesco Technologies Inc. has been developing its SNS-101 development program to treat multiple myeloma, which is cancer of the white blood or plasma cells. The company plans to use the funds to continue research in this area, with the long-term goal of entering Phase I cynical trials of its product.

“We are excited by the potential of SNS-101 as a novel treatment alternative for multiple myeloma,” said Allen Cato, MD, PhD, CEO of Cato Research. “Our recent investment reflects our confidence in the Company’s regulatory and development plans. We look forward to significant progress in the months ahead.”

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Suspect Detection Systems, Inc. (SDSS.OB) Recently Sold its COGNITO System in Central Asia

Thursday, July 30th, 2009

Suspect Detection Systems is a leading developer of proprietary counter-terror and crime prevention technology. The company’s technology is intended to identify threats in real-time by detecting the hidden ‘hostile intent’ of assailants before they commit their intended acts.

The company’s COGNITO technology is an automated interrogation system that enables investigative agencies to rapidly screen and interrogate suspects. The Cognito mobile system is small enough to fit in a handheld suitcase and allows for interrogations to take place in the field. This is in addition to traditional usage at police stations and interrogation rooms.

Suspect Detection Systems announced in mid-June the sale of its COGNITO4 Mobile Interrogation System to a federal law enforcement agency in Central Asia which was a former member of the Soviet Union. This was the company’s first sale in this part of the globe.

In discussing this sale, company CEO Shabtai Shoval said, “The sale of the Cognito system in Central Asia, as well as the sale reported a few weeks ago in Central America, demonstrate the international versatility of Suspect Detection System products. COGNITO technology has been recently upgraded to operational capacity in over 15 languages, and we look forward to introducing the system in additional countries within the region.”

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Doral Energy Corp. (DEGY.OB) Provides New Mexico Operational Update

Thursday, July 30th, 2009

Doral Energy Corp. is a domestic oil and gas exploitation and development company. The company’s strategy is to grow a portfolio of under-developed oil production assets with the potential for generating near-term increases in existing production through operational improvements. The company also looks to longer-term development of undeveloped reserves by infill drilling.

Doral Energy announced that the company is immediately taking steps to begin operations to recomplete its Federal S No. 7 well in Eddy County, New Mexico as a Grayburg/San Andres completion. Total cost of this project is estimated to be $250,000. This decision is based on the results of internal Doral engineering and geological evaluations of the wellbore and formations available for recompletion.

Doral plans to first test the San Andres formation prior to completing the well in the Grayburg and San Andres formations. If successful, the company believes the well may be able to produce in the range of 35-50 barrels of oil per day and 25-35 thousand cubic feet of gas per day. Assuming all goes well, Doral Energy’s total daily production from the overall Hanson Energy properties (of which this well is a part of) will increase by approximately 30%.

Regarding the importance of this recompletion, H. Patrick Seale, Doral’s COO and president, stated, “It will provide demonstrated validity of the 11 undeveloped Grayburg-San Andres drilling locations on this leasehold tract, plus another 5 undeveloped locations on our 120-acre Federal X Lease directly north of the Federal S.”

Mr. Seale went on, “Together these 16 undeveloped locations will develop approximately 686 MBOE (thousand barrels of oil equivalent) of net reserves at a PV-10% value of approximately $9.2 million to Doral based on in-house engineering, which will be subject to third-party review.”

Further updates are expected in approximately 3 weeks, after the test results on the Federal S No. 7 well are completed.

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China Voice Holding Corp. (CHVC.PK) Announces First Order for SKY O/A with Integrated Digital Voice Services under New China Unicom Ltd. Agreement

Thursday, July 30th, 2009

China Voice Holding Corp.’s China subsidiary, Beijing CandidSoft Technology Co. Ltd., received its first order from China Unicom for CandidSoft’s patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application under their new agreement announced previously this month. The installation of these services is for a government education project in the County of ChongZuo in Guangxi Province.

According to the press release, this government education project requires a complete revamp of communications infrastructure in all education related facilities including installation of high speed Internet connections and SKY O/A to provide telephone services, fax and data service for a Unified messaging solution.

CHVC’s President and CEO, Bill Burbank, said, “This installation will enable the sharing of resources and knowledge through an integrated network of services managed by the SKY O/A platform, which provides real-time communication means to facilitate a ‘connected’ teaching and learning environment. We are excited about this new application for our technology and believe that it opens up a whole new market for us.”

He continued, “The initial rollout will be for the teaching staff of approximately two thousand; however, China Unicom believes that the project will eventually extend to include students. The financial details and project plan will be confirmed during the month of August with installations projected to take place by mid September.”

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Applied DNA Sciences, Inc. (APDN.OB) Joins Banknote Watch for Crime Prevention

Thursday, July 30th, 2009

Leading provider of DNA-based security solutions, Applied DNA Sciences, Inc., announced today that it has joined forces with Banknote Watch, government and police companies devoted to fighting the ongoing battle against cash-in-transit (CIT) crimes. The company’s SigNature® DNA marks, which work to dissuade criminals, helps the CIT companies lower costs and minimize risk to their personnel. The UK police have responded positively to the forensic quality of the evidence produced by SigNature DNA.

APDN has increased its market share of the taggants used by the UK CIT industry by almost 20%. The company hopes to continue increasing market penetration and revenue by broadening its authentication client base. Based on its recent successful authentications of recovered cash from CIT crimes, APDN expects that the value of its DNA evidence will add to its proliferation in prosecuting criminals. The next steps in APDN’s growth strategy are to ensure that all cash degradation systems, including ink and dye packs, contain SigNature DNA, and protect cash boxes, ATMs, and other security systems used by banks, post offices, building societies and retail outlets.

Banknote Watch is a UK-based crime prevention initiative that aims to prevent criminals profiting from the proceeds of crimes and reduce the risk of commercial robbery by raising public awareness. APDN will participate in Banknote Watch’s public awareness campaigns which utilize posters, leaflets and website information. Additionally, Banknote Watch currently has a presence in South Africa.

James Hayward, CEO of APDN stated, “DNA is proven to be extremely persistent, and yet it is remarkably compatible with a myriad of inks and glues that makes it an invaluable tool for the CIT industry to mitigate loss and risk.”

Alan Townsend, Chairman of BankNote Watch, added, “Applied DNA Sciences represents the ‘new age’ of cash degradation systems and we are very pleased to welcome Applied DNA as our newest member. The use of botanical SigNature DNA taggants can be directly linked to a specific crime, leading to increased convictions of those responsible.”

In the UK, APDN is working with Banknote Watch, Loomis UK, the Metropolitan Police and other Crime Prevention Groups to further generate public awareness on the deterrence value of SigNature DNA-marked cash boxes. The result of these coordinated efforts should increase conviction rates and cause fewer criminals on the street.

Tony Benson, Loomis UK Risk Director, commented, “The deterrence value of DNA is clear — if you commit a cash box robbery, you will be caught and prosecuted to the fullest extent of the law. DNA stands for ‘Do Not Attempt’ and this means that a stolen note recovered from the offender can be linked to the cash box.”

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SmallCapVoice Featured Company: American Green Group, Inc. (AMNE.PK)

Thursday, July 30th, 2009

American Green Group is focused on becoming a cutting edge chemical sales company. The company differentiates itself from other insulation manufacturers and distributors by entering the market with eco-friendly, soy-based spray foam insulation. There are only a few companies offering this new eco-friendly insulation.

In addition to reducing demand for imported petroleum products, the company’s foam product offers several advantages such as: adherence to most surfaces, contains no urea formaldehyde, uses no fasteners, adds structural strength, no food value for rodents, high R-values and resists mold and mildew.

The increased pressure from consumers and the government for increased efficiency is creating demand for efficient products across the nation. With utility bills being reduced 50-60% through the use of spray foam insulation, the installation is very attractive even in the current economic environment as it only takes a couple years to payback initial investment.

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Savoy Energy Corp.’s (SNVP.OB) Recent Board Member Additions

Thursday, July 30th, 2009

Savoy Energy Corporation, an independent oil and gas company based in Houston, recently announced three new appointments to its Board of Directors. All have extensive experience in their individual fields, and are scheduled to fill the positions until the next regularly scheduled shareholder meeting, at which time they can be voted on by voting shareholders.

• William F. Howell has 47 years of oil and gas experience, both onshore and offshore, and has worked as a geologist in Oklahoma, Texas, the Gulf of Mexico, and overseas in Libya. He began his career as an exploration geologist at Continental Oil Company for 13 years, followed by 6 years as Gulf Coast Exploration Manager for Mesa Petroleum where he originated prospects and organized a bidding group for the Gulf of Mexico Shelf Exploration. He founded Paragon Petroleum in 1978, where he still serves, and was also Exploration VP for Roberts Oil & Gas until 1988. From 1989 to 2000, he was Sr. Exploration Advisor for Hardy Oil & Gas, and also participated in its transition to Mariner Energy. He continues today to serve as President of Paragon Petroleum.

• Raymond A. Crabbe has had 35 years of experience, with extensive work in the areas of pipeline, chemical, petrochemical, and refining, including offshore work. His domestic and international career covers all 50 states, along with South America, Russia, Asia, Indonesia, Canada, Africa, the Middle East, and the Virgin Islands. His expertise includes a range of oil and gas gathering, pipeline, storage, transmission, and loading facilities development. He has worked for Chevron and STV Inc., and currently works for Mustang Engineering. He has a BS degree in Construction Management, with an MBA in Management.

• Charles J. Jacobus has 36 years as an accomplished real estate attorney and publisher, and maintains a law office and affiliation with many real estate associations relating to commercial and residential real estate law in Texas. He has published numerous books focused on Texas, as well as Georgia and Ohio real estate law, co-authoring many of them. He holds a State Bar of Texas license, and a Texas Real Estate Broker license. He received his Doctor of Jurisprudence from the University of Houston, and has an AV Rating from Martindale-Hubbell.

Let us hear your thoughts: Savoy Energy Corp. Message Board

Sinovac Biotech. Ltd. (SVA) Begins H1N1 testing program in China, Enters into Agreement with Philippine Distributor

Thursday, July 30th, 2009

Some products provide solutions to global issues. These products are often more a need rather than a want. Being able to capitalize on this unfortunate reality is the key. Of course management needs to be cognizant of the moral questions that go along with these types of products, but the opportunity to make some revenue while benefitting the world population can be justified in the course of normal events. Currently there are two issues that might fit into this type of mold, global warming and the H1N1 flu pandemic.

Sinovac Biotech. Ltd., a biotechnology company, works to develop, manufacture and commercialize vaccines that cure or prevent human infectious diseases. The company is based in China but has current agreements to distribute through a Philippines based distributor in place.

Although China is the company’s primary market, it does have its sights set on expansion around the world. Its primary target at the moment is work on the H1N1 vaccine, which addresses the ongoing pandemic. As of August, the company will begin injection testing in China with a program of 21 days. If results look favorable, the company could have a large marketing potential as governments around the world are committed to trying to build a stock of reliable H1N1 flu vaccines before the Northern Hemisphere winter season.

In the more immediate picture is the company’s move into the Philippines. The particular agreement under consideration involves the World Health Organizations recommended Anflu product to treat or prevent spread of the Southern Hemisphere strain of H1N1 flu. The company has been successful with its Anflu product and is ramping to supply it to its new distributor base though that country. Sinovac Biotech, however, is not a one strain sort of operation. It also manufactures and markets products that deal with hepatitis A and B. In process are products for SARs and rabies along with a completed Phase II vaccine that addresses the H5N1 flu virus. The company appears to have several promising candidates moving through at optimum time periods. If it can manage its timing and testing programs properly, Sinovac Biotech may be in for a nice little ride.

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First Chester County Corp. (FCEC.OB) Announces Profitable Results for Second Quarter

Thursday, July 30th, 2009

First Chester County Corporation this morning announced its financial results for the second quarter ended June 30, 2009. Net income totaled $2.2 million, a respectable increase of 22% compared to $1.8 million in the second quarter of 2008. Diluted earnings per share for the quarter were $0.36, a slight rise from the $0.35 per diluted share reported for the second quarter of 2008. Average diluted shares outstanding increased 1.0 million to 6.3 million due to the shares issued in connection the acquisition of American Home Bank (AHB).

John A. Featherman, III, Chairman and CEO of First Chester County Corporation, stated, “Once again this quarter we generated a significant increase in our mortgage banking related income by capitalizing on the boom in refinancing activity. In the first half of 2009, we originated nearly $1.5 billion in new mortgage loans. At the same time, the steady withdrawal from our market of some large national financial institutions, as well as the various challenges being experienced by many local and regional banks, has created a more favorable competitive environment. With our diversified portfolio of traditional banking and wealth management services and disciplined credit culture, we are strengthening our franchise in our attractive markets to build value for our shareholders.”

According to the press release, First Chester County remains well-capitalized. Total assets rose 48.7% from the second quarter of 2008, mainly as a result of the acquisition of AHB. As of June 30, 2009, total deposits were $1.02 billion, up 39.2% compared to $729.3 million at June 30, 2008, but the increase was again largely caused by the acquisition of AHB. The provision for loan and lease losses in the second quarter of 2009 increased to $1.6 million, a sizeable increase from $449 thousand for the same period in 2008, reflecting the economic turbulence and resultant deterioration in the credit quality of the bank’s residential and commercial real estate portfolios.

Kevin C. Quinn, President of First Chester County Corporation, commented, “First National Bank’s growing franchise continues to be built on a solid foundation and a highly successful 145 year operating history. We are encouraged by the support and confidence of the investment community as represented by the capital raised in the second quarter. It enabled us to opportunistically respond to the growth opportunities arising from the significant spike in mortgage demand while sustaining our well-capitalized status.”

He continued, “Over the long term, our strategy is to remain prepared for similar growth opportunities by offering a wider variety of traditional banking and wealth management services while maintaining our disciplined credit culture. Our goal is to grow First National by capitalizing on growth opportunities in our highly affluent markets as well as selectively on a broader geographic basis where we have a distinct competitive advantage, such as retail mortgage banking. Though the unsettled nature of current economic conditions continues to present near term challenges, we are confident that the improvements being accomplished at First National will strengthen our franchise as we continue to build on the success we have achieved for 145 years.”

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Lake Victoria Mining Company, Inc. (LVCA.OB) Future Subsidiary to Acquire Licenses in Tanzania’s “Gold Rush”

Thursday, July 30th, 2009

Today, Lake Victoria Mining Company, Inc. told investors that Kilimanjaro Mining Company Inc. has entered into a Mineral Properties Sale and Purchase Agreement (MPSP) to acquire up to 100% of fifty Primary Mining Licenses (PMLs) in the Singida “gold rush” district, Tanzania. Earlier this month, Lake Victoria Mining Company, Inc. and Kilimanjaro entered into a definitive share exchange agreement. Dependent on the final closing, Kilimanjaro will become a 100% wholly owned subsidiary company of Lake Victoria.

During a visit in May 2009, Kilimanjaro’s president Heidi Kalenuik commented, “We already have a huge gold footprint in Tanzania, holding nine separate gold projects, but, this new Singida area is by far the richest and most prolific of all the properties that I’ve visited. There is a modern day “gold rush” happening here and we plan to become a major player and producer within it.”

Ms. Kalenuik added, “On purpose, we have been quietly locking up as much of the small scale producing mines as possible. We immediately contracted and commenced a diligent shaft, tailing and dump pile work program and a steady stream of assay results is forthcoming. Tightly spaced ground magnetic surveys have been ongoing since the end of June. We believe that we will be capable of making initial production decisions very shortly. We discovered this area as we began to enter discussions with Lake Victoria and we believe that the timing couldn’t be better for all parties involved. We are very optimistic relative to the area’s potential.”

Roger Newell, President of Lake Victoria, stated: “I’ve had the opportunity to visit the Singida project area and it is truly exciting to witness the continuous gold recovery that is being conducted by small scale miners over a more than six kilometer strike length. The gold mineralization is visible to the naked eye. There is a definitely the strong potential of opening near term another commercial gold mine in this area. Subject to the completion of the share exchange with Kilimanjaro, Lake Victoria will become directly involved in advancing the property towards production.”

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Petroleum Development Corp. (PETD) Bulks Up in the Marcellus Shale

Thursday, July 30th, 2009

Petroleum Development Corp. is an oil and gas exploration and production company headquartered in Colorado. The company operates in four segments: Oil and Gas Sales, Drilling and Development, Well Operations and Natural Gas Marketing through its Riley Natural Gas subsidiary.

The company’s most attractive asset on the exploration and production side of its business is its undeveloped acreage in the Marcellus Shale in Appalachia. This unconventional shale gas play has attracted the attention of the industry over the last year. Petroleum Development Corp. has 52,900 acres of land under net lease that are prospective for the Marcellus Shale in both Pennsylvania and West Virginia.

The company has drilled four vertical wells here so far in 2009, and plans five more in 2009. The first horizontal well is planned for early 2010. The company already has a substantial operation in the region and is producing natural gas from zones other than the Marcellus Shale. This experience will help the company develop its acreage efficiently and effectively.

Petroleum Development Corp. also has properties in the Rocky Mountain Area, where it has acreage in the Piceance Basin and the Wattenberg Field. It also has a small operation in the Michigan Basin. The company had reserves of 753 Billion cubic feet equivalent (Bcfe) at the end of 2008, and expects to produce an estimated 43.4 Bcfe in 2009.

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