Archive for December, 2009

NetSol Technologies, Inc. (NTWK) Sets International Standard for Leasing and Finance Solutions

Thursday, December 31st, 2009

NetSol Technologies, Inc., the established provider of business services and enterprise software solutions to a growing global market, developed the NetSol Financial Suite (NFS) as a framework for robust and highly customized solutions that offer tight integration with existing systems across environments with multiple assets and languages.

One major, fully-integrated component of the NFS is the industry-renowned LeaseSoft, NetSol’s suite of end-to-end leasing and finance software solutions. Developed for finance and lending industries around the globe, NetSol Technologies Limited has created a unique suite of Enterprise IT Managed solutions based on the proven LeaseSoft technology.

LeaseSoft Asset is a specialized finance system, designed from the ground up to be a web-enabled package that harnesses the underlying technology that has made the NFS so successful.

The software is modular and therefore highly scalable while being robust enough to make it a clear industry leader in asset finance systems around the world. With an emphasis on accuracy and flexibility, LeaseSoft Asset was developed for tight integration with LeaseSoft Portal and Document Manager.

With the capacity to leverage additional applications for greater overall profitability in a way that allows for an increased variety of potential uses, LeaseSoft Asset is able to meet the demands of a growing and changing market on a stand-alone basis while interfacing seamlessly with external systems.

LeaseSoft Asset supports all the basic needs of captive finance, vendor and banking companies. Suitable for a wide range of installment credit lenders, including high volume lenders, LeaseSoft Asset was tailor-made for leasing, operating leasing, hire purchase, motor, finance and corporate products.

LeaseSoft Evolve was created with smaller finance companies in mind, especially those doing installment lending management, as a leasing loan administration toolkit which comes pre-configured, thus allowing rapid implementation into a company’s workflow.

Evolve is designed to be a cost-effective solution for business ranging from start-ups to established operations looking to streamline their process, including businesses with component broker and in-house-based finance. Because LeaseSoft Evolve allows for the easy creation and management of contracts throughout their life-cycle, and does so with a simple and solitary database structure, service is optimized and risk is reduced while allowing personnel to focus on other tasks.

Designed to be a comprehensive and powerful finance contract management system, this largely automated and web-enabled environment allows for easy management of multiple simultaneous contracts with little to no human intervention.

The ability to service every aspect of its targeted solution set, including uploading and cross checking, lookups, payouts, underwriting and even direct debiting in an automated and hands-free manner, leaves only tasks such as the amendment or early settlement of contracts to the end-user, and even in such cases allows for simple outsourcing to third party agencies.

Let us hear your thoughts: NetSol Technologies, Inc. Message Board

ICP Solar Technologies Inc. (ICPR.OB) Signs Letter of Intent to Merge with EPOD Solar

Thursday, December 31st, 2009

ICP Solar Technologies Inc., an established innovator in every aspect of solar systems, from panels to monitoring and power management solutions (all based on unique and proprietary technology), announced today the signing of a letter of intent (LOI) with EPOD Solar Inc. (EPDS.OB).

Based in Canada and headquartered in Kelowna, British Columbia, EPDS implements and runs a variety of solar parks in both North America and Europe. With proven expertise in developing the essential elements of the solar equation, from power generation to the manufacturing of panels, EPDS creates and installs solar panels in its own solar parks as well as offering such parks to third-party clients.

EPDS achieves its success through innovation with the help of several strategic partners. The first is Peterborough Utilities Inc., or PUI, with which EPDS has an option agreement for solar parks exceeding $32M. PUI is owned by the city of Peterborough and based in Ontario, Canada.

Another partner is Northland Power, also based in Canada, which develops and runs a portfolio of power plants, including 459 MW in operation and more than 3,600 MW under development. Northland, with whom EPDS has a binding term sheet, is slated to provide 55% of the build-out costs on installations up to 73 MW, according to the terms of the sheet.

The third and final partner for EPDS is Canada’s largest publicly traded construction company, Aecon Construction (AER), which has market capitalization in excess of $800M and makes a perfect partner for enhancing EPDS’s fundamentals. Under terms of a memorandum of understanding (MOU) between EPDS and AER, AER will contribute up to 20% of the equity needs and handle the construction for up to 20 MW of solar parks to be co-developed between the two companies.

Via its Opti Solar Tech Inc. subsidiary, EPDS owns a manufacturing plant located in Hayward, California. This plant produces 30 MW solar panels using a proprietary manufacturing process based on amorphous silicon solar photovoltaics (PV). EPDS is also working with the governments of Germany and Canada to obtain funding in the forms of loans and grants in order to build additional manufacturing plants in Thuringen, Germany and Ontario, Canada.

With 2 decades of experience in the consumer solar market, Montreal, Canada-based ICPR has begun to branch out further into rooftop and OEM sectors, marketing its products under the Sunsei® brand, and is also the global licensee of solar chargers for the well-known Energizer® brand.

CEO of ICPR Sass Peress commented on the potential merger with EPDS by pointing out that it would be a “great opportunity for the shareholders of both companies” while allowing ICPR to further its strategic goals.

Peress cited the vast experience of both companies and the “complementary solar industry experience”, as well as EPDS’s “significant strategic partners” as proof that both companies stand to experience substantial profits as a result of the “significant growth of the solar power industry”.

Peress also cited the “greater leverage in vendor supply arrangements” the merger would entail, expressing how beneficial this would be to ICPR’s strategy of staying committed to the consumer goods market.

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Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering

Thursday, December 31st, 2009

Saia, Inc. (SAIA) Strengthens Balance Sheet with Equity Offering

Saia, Inc. (SAIA) signed an agreement to sell 2.31 million shares of common stock at a price of $11.50 per share to a group of institutional investors. The company will receive $25.1 million in net proceeds, which will be used pay down outstanding debt.

Saia, Inc. also amended its credit agreement with its lenders to waive compliance with certain of its debt covenants. The amendments permit non-compliance with certain leverage and fixed charge covenants through March 31, 2011. Saia, Inc. agreed to the following conditions in return for this waiver:

• The interest rate on an outstanding senior note issue is increased to 9.75% from 6.8% until June 30, 2011.
• The company will prepay $24.5 million on that senior note issue, which represents all principal and interest due in 2010.
• A reduction in borrowing capacity under its credit agreement to $120 million from $160 million.

Saia, Inc. is a Less Than Truckload (LTL) carrier providing regional transportation services in 34 states. The company earned $3.2 million in net income, or $0.24 per diluted share, in the third quarter of 2009. Revenues were $222 million for the quarter, a decline of 19% year over year.

Pyramid Oil Company (PDO) Demonstrates its Ability to Generate a Safe and Reliable Return

Thursday, December 31st, 2009

The energy markets are in a state of flux at the moment. Oil, gas, wind, geothermal and solar are all thought to be ways to invest in energy. Past oil and natural gas not going away anytime soon, no realistic forecast can indicate what the next mainstream power source will be. With this in mind, one can point to a certainty as it relates to investing. If a company has survived a boom and bust cycle for a sustained period, it will likely remain and be stable as additional booms and busts occur, regardless of the sector.

Pyramid Oil Company, an oil and natural gas exploration and development company, works to locate, develop and exploit oil and natural gas reserves primarily in California. It also maintains sites in Wyoming, New York and Texas. This year the company is celebrating 100 years of continuous operations.

The fact that Pyramid Oil has been in continuous operation for 100 years can be a testament to the stability and consistency of the company. The ability to remain operational over such a long-term peroid is a solid indicator of the company’s ability to make profit in its chosen markets. In this regard, the company’s $1.5 million net income from $6.6 million in sales shows how this company operates. It is not a flashy operator but rather a consistent and stable operator that plans to be in operation for another 100 years.

Pyramid Oil is not blind (as it were); it has begun to move into areas where new profit centers will likely be going forward. Natural gas is one such area and one the company has taken notice of. Its 5,700 acre joint-venture in southern Texas is an example of this foresight. Natural gas is a leading choice for future power generation and a must have for any energy producer intending on being in operation for another 100 years. Pyramid Oil Company is by no means a sexy investment but rather a reliable one. In these days of moving oil and gas commodity prices, along with uncertain politics around the world and within the US, this oil and gas play appears to be a stable and relatively safe way to be in the energy move that is likely on its way.

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China Yongxin Pharmaceuticals, Inc. (CYXN) Announces 2009 Projected Financials

Thursday, December 31st, 2009

China Yongxin Pharmaceuticals Inc., a leading producer and distributor of Chinese traditional medicines, pharmaceuticals, health food, cosmetics, and related products, today announced projected financial results for the year ending December 31, 2009.

Although net income for the year is projected to increase 35% to $5.4 million, over 2008, a shift in sales strategy has led to a reduction in projected revenues. 2009 revenues are now projected to be $46.1 million, down 22% from $59.1 million in 2008. The company’s sales strategy is being shifted from wholesale to the retail and medical facilities sector due to the uncertain direction of the National Medical Policy. Revenues from the company’s retail drug stores increased by 30% over 2008, but this was not sufficient to overcome the impact of the decrease in wholesale operations. The increase in net income is due primarily to higher margin retail and medical facilities sales, the new area of focus.

Company chairman and CEO, Mr. Yongxin Liu, commented that wholesale business was impacted by customers waiting for specifics on the new healthcare reform plan. “However, on August 18th, the Chinese government issued China’s Essential Drug List (EDL) which included over 300 commonly used pharmaceuticals that will be subsidized by the government to provide easier access to all citizens. We are pleased that China Yongxin is a retailer or distributor of 295 of the products on that list. We are further encouraged by the increasing momentum toward healthcare reform and the government’s efforts to boost domestic spending. During 2009, we also added 12 high margin pharmaceutical products with exclusive distribution rights in Jilin province and we expect this to drive market share gains and growth during the coming year.”

China Yongxin Pharmaceuticals was founded in 1993, but didn’t begin retail operations until 2004. In 2005, it gained franchise rights from one of the world’s largest drug chains for China’s Jilin Province. By the end of 2007, it had become one of the fastest growing drug retailers in China through its chain of 93 drug outlets, as well as wholesale distribution and manufacturing operations in Northeastern China.

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Simulated Environment Concepts, Inc. (SMEV.PK) Signs Multi-Million Dollar International Distribution Agreement

Thursday, December 31st, 2009

Simulated Environment Concepts, Inc., makers of the high pressurized dry water massage and relaxation station SpaCapsule, was pleased to announce today that it has completed negotiations with the French company Zen & O. As a result of their negotiations, Simulated Environment Concepts secured a multi-million dollar deal to manufacture 250 SpaCapsules over the next four years. This agreement expands the company’s reach into central Europe.

“This is a significant, multimillion dollar contract for a minimum of 250 units,” stated Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts. “It’s a clear indication that the personal wellness industry continues to thrive globally even through the current recession. We began to work on the contract in May of 2009 and after mutual visits between France and the USA we signed the contract and secured a payment this December for the first order of the New Year.”

Zen & O is a French company in the forefront of fitness. With various subsidiaries and partnerships, the company is involved in fitness and retail operations, providing on-the-go massage at retail locations throughout Europe.

“SpaCapsule will become a centerpiece of our ‘Lady Fitness’ operations,” said Harve Rivoal, Lady Fitness Centers, CEO, who operates 54 centers in France, Belgium, Luxembourg, Switzerland, and Spain. “Our customers wish for a total fitness experience — from workout to massage to cellulite treatments. We love the fact that SpaCapsule can offer an excellent range of services without adding additional personnel. Because the SpaCapsule does not require attendants, we anticipate increased revenues with reduction in payroll and associated costs.”

Retail operations will use the SpaCapsule to provide massage and cellulite treatment to shoppers in malls. Stephane Tournier, a manager at Aquadetente, the mall operations arm of Zen & O, commented, “The uniqueness of SpaCapsule is that an individual can have a dry aqua massage without undressing or getting wet. While in the SpaCapsule the customer is watching video, listening to music, and inhaling scented oxygen. If the customer wants, he or she can even use their own iPod. We are gearing to open many more locations throughout France and Spain. For the past four years we used a competing technology made by AquaMassage to test out and prove the concept. However now, we will use SpaCapsule exclusively because of its technological and aesthetic superiority. This is indeed a beautiful machine that utilizes the latest computer technology for accounting and usage tracking”

“This contract is a significant milestone for us,” stated Dr. Spivak, Managing Partner at Simulated Environment Concepts who was extensively involved in the negotiation and execution of the agreement. “This commitment will provide revenue stability for many years to come. In addition, the European retail locations will serve as mini ‘showrooms’ for any new customers throughout Europe and undoubtedly generate more sales. We are very excited.”

Dr. Spivak added, “This is an exciting finale to 2009. We are currently assembling the first order of the New Year and anticipate on-time delivery. We’re also planning strategy to support and increase our new affiliate’s sales with new marketing initiatives and incentives.”

Let us hear your thoughts: Simulated Environment Concepts Inc. Message Board

Quadra Projects Inc. (QPRJ.OB) Signs Letter of Intent with Bio Earth to Market Carbon Black

Thursday, December 31st, 2009

Today, Quadra Projects took a major step towards enhancing their future with the signing of a Letter of Intent to market carbon black. The Letter of Intent was signed with Bio Earth Incorporated to jointly market quality carbon black produced by Quadra’s joint venture operations in Malaysia and Indonesia.

This Letter of Intent will open up global prospects for Quadra. Bio Earth has a very productive relationship with the Government of Bangladesh, which is one of the prospective purchasers.

When asked about the market for carbon black in countries in South East Asia and Bangladesh, Bio Earth’s President Brian Rabb indicated there is a solid market at the prices tendered.

Perhaps the pride of Quadra is the QES2000 System. The QES2000 is the most advanced pyrolysis and gasification system in the world. It is specifically designed to convert all valuable by-products, such as carbon black, without any measurable environmental pollution.

The QES2000 is very affordable and will meet the global challenges of the 21st Century. With state-of-the-art technology, which is emphasized by the QES2000 System, and the Letter of Intent for marketing carbon black, Quadra is definitely a company on the move.

Currently, Quadra is trading in the $0.09 range. With strong leadership, technology that’s at the forefront of their industry and this Letter of Intent in place, QUADRA PROJECTS INC. has the potential to attain much success.

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National Holdings Corp. (NHLD.OB) Reports Record Revenues for 2009

Thursday, December 31st, 2009

Operating through its wholly-owned subsidiaries, National Holdings Corp., a full service investment banking company, yesterday reported record revenues for the company’s fiscal year ending September 30, 2009.

National Holdings realized a net loss of $6.79 million on revenues of $116.59 million, compared to last year’s loss of $21.36 million on revenues of $82.14 million. After providing for cumulative dividends, the company had a basic and diluted net loss per share of $0.41; in 2008, the basic and diluted net loss per share was valued at $2.02. Additionally, outstanding basic and diluted shares were 16,760,243 for the fiscal year ending September 30, 2009, while last year’s were 10,579,778.

Mark Goldwasser, CEO of National Holdings, commented, “The market volatility over the past fiscal year resulted in a challenging business setting, yet despite this difficult environment, we look forward to the future with a high level of optimism in light of our record revenues in excess of $116 million and adjusted EBITDA loss of ($1.28 million) for the fiscal year ended September 30, 2009. We believe that we are well positioned to achieve success should the markets continue to stabilize and improve.”

National Holdings’ President Leonard J. Sokolow added, “We have begun to see the benefits of diversification of our revenue base as well as investment into our infrastructure, investment banking and research capabilities with a view towards improving our profit margins. In light of these trends, we expect that our first quarter ending December 31, 2009 will show revenues of approximately $28.0 million and positive adjusted EBITDA.”

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Petaquilla Minerals Ltd. (PTQMF.OB) Appoints Ms. Julie Van Baarsen as the Company’s Chief Financial Officer

Thursday, December 31st, 2009

Petaquilla Minerals Ltd., a gold producer operating a 100 percent-owned gold processing plant in Panama, recently announced the appointment of Ms. Julie Van Baarsen as the company’s new chief financial officer effective January 1, 2010. Ms. Van Baarsen replaces Bassam Moubarak, who will remain with the company as a consultant through January to assist with the transition of the chief financial officer role.

Prior to joining the company in January 2009 as the director of finance, Ms. Van Baarsen as worked in various industries in both the public and private sector and served as a former audit manager of Grant Thornton LLP. Ms. Van Baarsen possesses a wide range of professional experience as a chartered accountant. She was the company’s top candidate to replace Mr. Moubarak as chief financial officer.

Petquilla’s president and chief executive officer, Mr. Joao Manuel, commented, “We are delighted to welcome Ms. Van Baarsen as Chief Financial Officer. Her broad spectrum of talents complements our management team and will help guide us through our commercial production phase at our Molejon gold project and exploration programs at our Oro del Norte and other concessions in Panama.”

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Implant Sciences Corp. (IMSC.OB) Up 315% After QualityStocks Coverage

Wednesday, December 30th, 2009

Implant Sciences Corporation closed today’s trading at $0.33 a share, up $0.27 a share or 450% for the day. Earlier in the day, the stock vaulted to an intraday high of $0.40 per share. Today’s volume of nearly 2 million shares is well above the average daily volume of about 330,000 shares. Implant Sciences was initially mentioned in the QualityStocks FREE Daily Newsletter back on July 23, 2009 when its stock was trading for only $0.08 a share. Not bad – a return of about 315% in only five months!

Implant Sciences develops, manufactures and sells sophisticated sensors and systems for the homeland security market and related industries, such as defense. The company has developed proprietary technologies used in its commercial portable and bench-top explosive trace detection systems which are being shipped to a growing number of locations around the world. The recent attempted terrorist attack on a flight from Amsterdam to Detroit has no doubt stirred renewed interest in the company.

If you are the type of investor who is interested in finding emerging companies – like Implant Sciences – that are undiscovered by the Wall Street investment community, then QualityStocks should be your one-stop resource destination. QualityStocks is focused on covering the micro-cap and small-cap like no one else through both the Daily Blog – http://blog.qualitystocks.net – and the Daily Newsletter. The QualityStocks Newsletter gathers data and stock picks from hundreds of small-cap newsletters and brings it all together in one easy-to-use format for investors. To sign up for the newsletter, visit www.signup.qualitystocks.net.

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ChinaTel Group Inc. (CHTL.OB) is “One to Watch”

Wednesday, December 30th, 2009

ChinaTel Group Inc., through their controlled subsidiaries, provides telecommunications infrastructure engineering and construction services globally. Headquartered in Irvine, California, the countries they serve include the United States, China, Argentina, Peru, and Chile.

ChinaTel Group Inc.’s goal is to acquire and operate WiMAX networks in key markets throughout the world. They are working to be a leader of Internet technologies. Taking advantage of the WiMAX technology wave, they believe they will have the capabilities to become a catalyst of change for the new generation of Internet applications and users. Their corporate strategy is to build leading-edge IP-leveraged solutions advanced by their worldwide infrastructure and leadership in emerging markets.

ChinaTel provides fixed line telephone, conventional long distance, high-speed wireless broadband, and telecommunications infrastructure engineering and construction services. ChinaTel is presently building, deploying, and operating wireless broadband telecommunications networks in Asia and South America. This is with and for CECT-Chinacomm Communications Co., Ltd., a China company that holds a license to build the high-speed wireless broadband system. ChinaTel’s projects also include a 2.5GHz, wireless broadband telecommunications network in cities across Peru with and for Perusat, S.A.

ChinaTel Group Inc. now offers a wide range of services and solutions in the areas of system planning, construction, network operations support, tower management and RF Engineering. They also offer Build- to-Suit and Purchase/Leaseback programs. ChinaTel intends to support all major technology platforms, including fixed, wireless, optical, data, analog, digital, wireless Internet, and broadband wireless technologies.

Let us hear your thoughts: ChinaTel Group Inc. Message Board

ECOtality, Inc. (ETLE.OB) Hosts Arizona Debut of Nissan ‘LEAF’

Wednesday, December 30th, 2009

ECOtality Inc. is a leader in clean electric transportation and storage technologies. One of the company’s subsidiaries, Electric Transportation Engineering Corporation (eTec) will join Nissan North America this week for the debut of the zero-emission LEAF electric vehicle in Arizona.

Nissan has taken the LEAF on a tour of 22 cities in 11 states, as well as the District of Columbia and Vancouver, Canada. The tour offers the opportunity for interested drivers, business and media to learn more about the Nissan LEAF and the benefits of zero-emission driving.

In August 2009, ECOtality’s eTec was awarded a federal grant of nearly $100 million from the US Department of Energy to facilitate ‘The EV Project’, the largest rollout of electric-vehicle infrastructure in the United States. The grant is funded through the American Recovery and Reinvestment Act which was part of President Obama’s stimulus package.

The EV Project will establish approximately 11,210 electric vehicle charging stations in home-base, commercial and public locations to support the public adoption of plug-in vehicles in major markets in five states: Arizona (Tuscon and Phoenix metropolitan areas), Washington (Seattle area), California (San Diego area), Oregon (Portland, Salem, Corvallis and Eugene areas) and Tennessee (Nashville, Knoxville and Chattanooga areas).

ECOtality believes the EV Project is the start of something big. The company’s CEO, Jonathan Read, said, “The electric vehicle infrastructure we build in the United States will allow drivers to make the shift away from fossil fuels towards cleaner and more sustainable transportation.”

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Muscle Flex, Inc. (MFLI.PK) Sportswear Collection Fits the Market

Wednesday, December 30th, 2009

Muscle Flex Inc., the multi-faceted health and fitness company, has come up with what could become its most successful product venture to date, its VATA Brasil Collection of sportswear. Using all of its knowledge and experience regarding the fitness market, the company has put together a one-of-a-kind garment designed to incorporate all of the qualities its customers are looking for.

One of the most amazing aspects of the design collection is that it is actually a single size, using a special OneFit fabric with an amazing 10x stretch factor. The result is cost-effective manufacturing producing a garment that fits sizes 0-12. Even if the user gains or loses weight, it will always fit. The revolutionary fabric is lightweight, yet with four times more filaments than regular fabric, providing exceptional comfort.

Another important thing about the micro-fiber yarn is that it is hydrophobic, drawing moisture away from the skin and immediately forcing it to the surface by way of millions of ultra-stretch filaments. Once on the surface, the moisture quickly evaporates. The fabric is made using a natural wicking process, as opposed to chemical treatments used by most other garment manufacturers.

The company’s approach to its VATA Brasil Collection of sportswear reflects its approach to every product it markets. Danny Alex, Muscle Flex founder and CEO, knows the health and fitness market like few others, and is adamant that every single product fit a real market need. The first rule of business is know your customer, and that’s what Muscle Flex is really all about.

Let us hear your thoughts: Muscle Flex Inc. Message Board

AlumiFuel Power, Inc. (AFPW.OB) Announces Delivery of Its First Production Hydrogen Generator

Wednesday, December 30th, 2009

AlumiFuel Power Inc. is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water and proprietary additives. The company announced today that it has taken delivery of its first production unit hydrogen generator, the PBIS-1000. The company also announced that, with the help of its local manufacturing partner – Apex Piping Systems, its production line is fully ready for mass production of its hydrogen generators.

Operation of AlumiFuel Power’s PBIS-1000 generator is simple: two 32-ounce ‘aluminum can’ cartridges containing aluminum powder and the proprietary additives are loaded into the reactor vessels. Water from practically any source, including salt or brackish water, is poured into the water tank, and a hand pump is then used to inject water into the cartridges. This generates 1,000 liters of hydrogen in 20 minutes.

Unlike expensive electrolysis systems, AlumiFuel Power’s generator does not need an external power source, and unlike steam reformers, creates no greenhouse gases. Furthermore, all the chemicals used in the reaction are non-toxic and can be recycled or discarded in municipal dumps. The company’s hydrogen generator is also more mobile, considerably less expensive than any other system on the market and generates high quality hydrogen.

AlumiFuel Power’s director of engineering, Sean McIntosh, spoke about the company’s future saying that “We are of course very excited about the delivery of our first production unit hydrogen generator, but we are even more excited about having a very robust and agile manufacturing system in place to quickly and easily ramp up our production in a very cost-effective manner. And there is nothing in the market that even comes close to this unit in terms of its versatility to handle a variety of applications.”

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TaxMasters, Inc. (TAXS.OB) Reveals Outstanding 2009 Growth, Announces Growth Strategy for 2010

Wednesday, December 30th, 2009

TaxMasters, Inc., which specializes in helping clients resolve outstanding federal tax debt by leveraging a team of seasoned industry professionals, disclosed to the public today, Wednesday, December 30, the issuance of its December letter to shareholders in which 3Q FY 09 results are detailed and the growth strategy for 2010 is outlined.

Founder, President and Chairman of the Board of TAXS, Patrick Cox, explained in the letter to shareholders that – since going public in 2009 via a reverse merger – “sustained growth was driven primarily by an increase in demand for IRS tax relief and individuals looking to regain full tax compliance”.

Reporting on its fiscal performance in the first nine months of 2009, TAXS showed revenues totaling $27 million, an 87% increase from the same interval in 2008. With net income of $6M, a whopping 442% increase over the same interval in 2008, the Company looks forward to March 31, 2010, when it will issue Q4 09 and a full report of FY 09 financial results.

Having swelled its ranks by 107 employees, which include ex-IRS agents, attorneys, CPAs and seasoned consultants, TAXS has seen substantial personnel growth since January of this year. The growth is all part of a clever strategy to meet increased demand for tax relief services, and recent hiring brings TAXS’s total compliment of personnel to 307, a 53% increase.

Cox cited increasing numbers of taxpayers out of compliance with the IRS and the Company’s ability to leverage a “nationwide market for tax relief service through an efficient, well managed direct advertising campaign” as the primary factors driving TAXS’s amazing fiscal and logistical growth.

Having wrapped up an outstanding year of growth, the Company projected its 2010 strategy, which will focus on the primary factors outlined above, and also anticipate the April 15 deadline with a deep-bench of qualified professionals, who will be able to resolve issues that will no doubt have arisen as a result of the IRS’s attempts to improve collection methods combined with the global economic crisis of the preceding year.

The strategy also includes relocating to a larger office in the Houston area, which will make room for the larger staff and also facilitate its 2010 targeted advertising campaign.

The Company will also follow through with organizational restructuring initiatives begun in 2009 pursuant to the Company’s proprietary, in-house, Processes, Procedures, and Policies (P3) system.

Cox explained that “tax season, which falls primarily in the first quarter of the year” presents a “prime opportunity” to increase the customer base, although for taxpayers in crisis, the Company’s tax relief services provide year-round resolution.

Cox also pointed out that “decreased tax receipts in 2009” increased the probability of more stringent requirements by the IRS in 2010, and thus a huge increase in demand for TAXS’s team of experts, whose services are increasingly seen as a panacea for taxpayers overwhelmed by tax debt obligations.

Cox emphasized continued growth in 2010, which could be directly translated into increasing shareholder value, expressing confidence in the extant 2009 financial and logistical data which he suggested ensured “sustainable growth”; that is, the sort of growth which would “continue to pay dividends throughout 2010”.

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Sector 10, Inc. (SECI.OB) Up Over 70% Following CEO Message and Extensive Newsletter Coverage

Wednesday, December 30th, 2009

Sector 10, Inc. shares are currently trading at $0.24, up 71.43%, on incredible volume of nearly 3.5 million traded shares. Today, Beacon Equity Research, Microcap Voice, Penny Stocks Finder, Stock Preacher, Penny Stocks Finder, StockHideout, Investor Soup and FHPS covered the company in their stock newsletters. With an average daily volume of 298,830, the stock has never traded so many shares in a single day.

Sector 10 is focused on redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. Sector 10 is the only emergency response systems company so strongly emphasizing pre-deployed resources as the way to save lives, avert injuries, reduce liability and “Bridge the Survival Gap.”

Yesterday after the closing bell, Sector 10’s CEO Pericles DeAvila provided investors with the following message:

I wanted to personally wish you a Happy New Year and a prosperous 2010. Sector 10, Inc. is looking forward to the year ahead and the impact our technology will have on the US market and globally. Our life saving technologies represent a parading shift for emergency response and will change the industry as it stands today. In their early stages, many new technologies face unexpected challenges during the process of introduction into new markets. In 2009, Sector 10, Inc. successfully dealt with many of these unexpected challenges which delayed the introduction of our services and products to market. With new capital and a clear path to execution, we are prepared to launch our products and technologies.

In 2010, we expect the PLX-3D system and our self-rescue devices will be adopted by several US cities as a tool that will allow responders, emergency personnel and facilities managers the ability to manage population, facilities and response systems during incidents or disaster of any magnitude from a mobile interface. The PLX-3D system is a bridging/integration platform that integrates Sector 10’s pre-deployed self-rescue devises (MRU and SRUs), with the latest technology in personnel tracking, 3D video surveillance, full spectrum communications and a layered toolbox of interoperable accountability systems to save lives and coordinate response capabilities during times of incidental uncertainty. Sector 10’s systems are fully self-sufficient and rely on a multitude of redundancy protocols to ensure their survivability during losses of power and legacy terrestrial communications.

Thank you for your past and continued support as we launch our products in 2010. We will continue to release news of our progress and achievements as they develop.

Happy New Year!

Let us hear your thoughts: Sector 10, Inc. Message Board

Indigo-Energy, Inc. (IDGG.OB) Engages Oil and Gas Advisors to Assist with Well Completion Efforts

Wednesday, December 30th, 2009

Indigo-Energy, Inc. was pleased to announce today that it has engaged Oil and Gas Advisors, Inc. (OGA) of Dallas, Texas to assist with completion efforts on its wells drilled in the Illinois Basin. Indigo recently received the funding necessary to begin the final steps of completion engineering on three natural gas wells and one oil well drilled earlier this year. Working with Indigo’s existing operating partners in the Basin, Oil and Gas Advisors will help ensure the best production results possible once the wells are brought to completion.

Led by President Robert Dickinson, who brings over 24 years of natural gas and oil well engineering expertise to the field, Oil and Gas Advisors, Inc. focuses primarily on projects in the natural gas industry and related businesses, although it also retains extensive advisory experience in several other segments of the energy industry. Their experience in the natural gas industry and related businesses ranges from exploration and production through end-market applications.

“We believe that Rob Dickinson and his firm will bring tremendous value to the final stages of this project,” stated President and CEO of Indigo, Steve Durdin. “His technical expertise, experience and tremendous engineering background along with his knowledge of industry economics and deal structure will provide a great resource to Indigo well beyond this effort in the Illinois Basin,” he added. Dickinson will travel to the well sites as early as next week to begin his work with the efforts already underway.

“The New Year just ahead holds hopeful promise for Indigo and its shareholders,” continued Durdin. “This announcement today marks an important step in our efforts to finish what we started in the Illinois Basin and our anticipation is very high for impressive results.” In the coming weeks, Indigo hopes to finalize completion engineering at the well sites and begin testing and producing natural gas just in time for the expected higher gas prices and demand that is often seen during the winter months across the U.S.

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Subaye, Inc. (SBAY.OB) Reports Year-End Results for Fiscal 2009

Wednesday, December 30th, 2009

Subaye, Inc. announced this morning its financial results for the fiscal year ended September 30, 2009.

The company’s revenues for the fiscal year ending September 30, 2009 totaled $47,987,000, up 64% from $29,172,000 in fiscal year 2008. Net income grew 159% year-over-year to $9,778,000, or $5.33 EPS, up from $2.47 EPS in the prior year period, both of which are adjusted for the recent reverse stock split. Net margin increased to 20% as compared to 13% in fiscal 2008.

Mr. Cai, the CEO, commented, “I am very pleased with our financial results for fiscal 2009. Our online membership business had a tremendous year. Our entertainment media division generated solid revenue growth and invested in some promising assets. Our trading business recovered nicely from the economic turmoil of the past year and is very well positioned moving ahead. I expect we will deliver double digit revenue and earnings growth in fiscal 2010.”

Mr. Crane, the CFO, added, “It is important to note that our EPS for 2009 does not account for the recent share issuances in the past few months and specifically the recent share exchange to acquire the minority interest of Subaye.com, Inc. We currently have approximately 6.7 million shares of common stock outstanding and if we applied this number of shares outstanding and factored in the effect of the share exchange in that we now own 100% of Subaye.com, Inc, our EPS would decrease substantially. However, we also incurred a significant one-time nonrecurring expense of approximately $6.7 million for an advertising promotion in the first half of fiscal 2009. If that one-time nonrecurring expense was added back to earnings, and all other stock issuances noted above were taken into account, our EPS would be approximately $2.93. An EPS of $2.93 represents growth of approximately 18% for fiscal 2009 as compared to fiscal 2008.”

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Mixed Economic Indicators Show Signs of Improvement

Wednesday, December 30th, 2009

Don’t start waving the flags yet, but at least a few economic indicators are finally starting to edge upward.

For the second month in a row, Americans’ overall confidence in the economy increased, with job market expectations hitting their highest level in two years. The Conference Board Consumer Confidence Index, which had increased in November, rose again in December by 4.5%, to 52.9. This is higher than the reading expected by economists polled by Thomson Reuters, but still far from a score of 90 that would signify a solid economy. This same index was at its historic low of 25.3 in February.

Economists keep a close eye on consumer confidence since consumer driven spending is believed to account for approximately 70% of U.S. economic activity. Many retailers are just happy that the holiday season came through for them. According to figures from MasterCard Advisors, retail sales rose 3.6% from November 1 through December 24, compared to a 2.3% drop in that same period last year, although the gain drops to 1% if you adjust for the extra shopping day this year between Thanksgiving and Christmas. But consumers are still cautious about short term prospects, targeting discounted items and avoiding gift cards.

High unemployment is still a concern, for consumers and economists alike, and the feeling is that it could take years for the rate to come down to pre-recession levels. Unemployment hit a 26-year high of 10.2% in October, and, in spite of a small drop in November, there is concern among some analysts that it could rise to as high as 10.5% next summer. Still, payroll cuts have been decreasing, with November cuts of 11,000 jobs being the smallest since the recession began two years ago. And, although surveyed consumers say current conditions have gotten worse, they’ve also become a bit more optimistic for the coming six months, expecting more jobs to become available.

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China Valves Technology, Inc. (CVVT) to Raise $3 Million in Stock Offering

Wednesday, December 30th, 2009

China Valves Technology, Inc. signed an agreement to sell stock to an accredited investor, issuing 333,334 shares of common stock at a price of $9.00 per share. The company will get proceeds of $3.0 million before expenses.

China Valves Technology, Inc. also issued warrants to the investor that allows the holder to purchase 50,000 shares of common stock at an exercise price of $9.00 per share. The warrants are only exercisable for 30 days after the issuance. Both the common stock and warrants issuance are expected to close on December 31, 2009. China Valves Technology, Inc. said the proceeds would be used for a potential acquisition and for working capital purposes.

Siping Fang, the CEO of China Valves Technology, Inc., said, “With the $3 million raised in this transaction and our current cash balance, we anticipate to further consolidate the valve industry in China through the acquisition of an identified target. The dilution of common shares is minimized, and we expect to achieve our make good target in net income and earnings per share for 2009.”

China Valves Technology, Inc. manufactures and sells metal valves for use in many different applications including metallurgy, electrical, petroleum, chemical, water and gas. The company has three wholly owned subsidiaries: Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., and the Tai Zhou Tai De Valve Co., Ltd.

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Sanswire Corp. (SNSR.OB) Extends Invitation to US Debut of Unmanned Aerial Vehicle

Wednesday, December 30th, 2009

Yesterday, Sanswire Corp. announced that it has opened requests to cordially invite interested parties to the US unveiling of its STS-111 Unmanned Aerial Vehicle. The announcement, made through the company’s joint venture, Sanswire-TAO Corp., pertains to the ceremony tentatively scheduled for the second quarter of 2010 in Orlando, Florida. Sanswire has posted a special request form on its website where shareholders, investors, members of the media, aerospace industry executives, US military personnel, and federal and state government officials can request a formal invitation to the event.

The STS-111 is a Mid Altitude Long Endurance (MALE), lighter-than-air UAV designed for surveillance and reconnaissance missions. The airship is a low-cost unmanned platform designed for rapidly deployment, and is ideally suited to work in tandem with currently deployed heavier-than-air UAVs in global operations. The STS-111 incorporates Sanswire-TAO’s patented segmented design, which utilizes a non-rigid articulating structure. The design’s stability provides all of the benefits associated with a lighter-than-air vehicle for use in Command, Control, Communications, Intelligence, Surveillance, and Reconnaissance missions.

The demonstration of the STS-111 UAV will take place at the Sanford International Airport on runway 9R-27L. The event will feature flight tests and systems presentations that showcase the STS-111’s unique capabilities designed to promote the airship’s capacity for global and homeland security applications. Additionally, attendees will be able to participate in a “hands-on” inspection of the STS-111 and its onboard systems.

Captain David Christian, CEO of Sanswire, commented, “We are pleased with the progress of our airship program and are looking forward to the opportunity to share this long awaited event with our supporters and the general public. Following this demonstration, we plan to deliver the STS-111 to our systems integrator and operations partner, which we strongly believe is a major milestone for lighter-than-air aviation, as well as for Sanswire-TAO.”

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ClickSoftware Technologies Ltd. (CKSW) Predicts Record Revenues for the Fourth Quarter of 2009

Wednesday, December 30th, 2009

ClickSoftware Technologies Ltd., a leading provider of workforce management and service optimization solutions that create business value, including higher levels of productivity, customer satisfaction and cost effectiveness, recently announced that the company expects record revenues in the fourth quarter of 2009 of approximately $17 million. This estimate exceeds the company’s previous guidance of between $16.0 million and $16.7 million.

The strong fourth quarter will lead to annual revenues of approximately $61 million for fiscal year 2009, compared to annual revenues of $52.3 million in fiscal year 2008. ClickSoftware expects to report financial results for the fourth quarter and fiscal year 2009 in early February 2010. The assessment for the fourth quarter of 2009 is based on the company’s initial analysis and is subject to change.

Dr. Moshe BenBassat, ClickSoftware’s chairman and chief executive officer, stated, “With excellent performance in the fourth quarter, we are approaching the end of 2009 with solid financial results giving us another year of significant revenues growth.” Dr. BenBassat continued, “Strong bookings in the fourth quarter will contribute to the existing backlog and deferred revenues, providing us with high visibility into 2010. Our sales pipeline also keeps growing, and we believe that the level with which we start 2010 will generate strong growth in 2010.”

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Consorteum Holdings Inc. (CSRH.OB) Launches Rebate Program to Benefit Consumers and Retailers

Wednesday, December 30th, 2009

Consorteum Holdings Inc. identifies new technologies and trends in the market place to boost revenues in existing markets, enter into new markets, and efficiently deliver unique products and services to those marketplaces.

The company recently announced the launch of its consumer stored value rebate card, as part of its rebate program that offers manufacturers and retailers a new way to process mail-in rebates while decreasing overhead expenses and maintaining consumer loyalty.

Consorteum said it plans on working directly with those manufactures and retailers to reduce administration costs involved with the rebate program. Its plan allows for additional revenue and cost-saving opportunities through unspent funds that are still on the card after its expiration date.
Quent Rickerby, president and COO of Consorteum said the program will benefit consumers as well as retailers.

“This new program will significantly reduce the costs of managing mail-in rebates. The process of mailing checks to consumers continues to be very expensive and only provides for a one-time interaction with the recipient. With this new program, the consumer receives a co-branded gift card that can be used at any merchant accepting credit cards,” Rickerby stated in the press release. “By providing a co-branded gift card, the manufacturer or retailer has the ability to increase and reinforce their marketing brand every time the card is used. The card also provides the consumer with a choice of where they want to spend their rebate.”

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The Mint Leasing, Inc. (MLES.OB) Announces Purchase and Lease Transactions Involving Fifty New Toyota Camrys and Corollas

Tuesday, December 29th, 2009

The Mint Leasing, Inc., provider of innovative leasing services to customers of franchised automobile dealers throughout the United States, announced that it has purchased fifty 2010 Toyotas (Camry and Corolla models) from a leading Houston Toyota dealer, utilizing its new and previously announced credit facility of up to $10 million. The vehicles have already been leased to a major automobile rental agency in San Antonio, Texas.

“This transaction follows the purchase and lease of sixty-one Toyota Corollas that was announced earlier this month and illustrates an improving business outlook for Mint Leasing that we expect to continue into 2010,” stated Jerry Parish, Chief Executive Officer of the Company. “The San Antonio auto rental agency selected Mint Leasing based upon the Company’s ability to provide competitive prices and tailor leasing terms to the customer’s specific requirements.”

“Our ability to close on the purchase and lease of several dozen vehicles on a timely basis further illustrates Mint Leasing’s ability to adapt to the dramatic changes that have impacted the vehicle leasing industry during the past 18 months,” Mr. Parish added. “We believe the completion of this latest transaction in December should allow Mint Leasing to generate net income approaching $1 million in the fourth quarter of 2009.”

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Element 21 Golf Company (ETGF.OB) Expands Its International Distribution Network to 370 Locations Worldwide

Tuesday, December 29th, 2009

Element 21 Golf Company, applicator of high tech materials in the sports industry including advanced Scandium Alloy golf products and biofiber fishing equipment, announced earlier today that its international retail presence has grown to more than 370 locations. Element 21’s international retail footprint now includes stores in: Australia, Canada, Finland, France, Italy, Netherlands, Mexico, Romania, South Africa, Spain, and Switzerland.

Element 21’s North American retail distribution network includes Big Box stores — Bass Pro, Cabelas, Academy, West Marine, Sportsman’s Warehouse, Gander Mountain; and Distributors — Big Rock, Farris Brothers, Pitman Creek, Patches, Bishop, Hicks and Sports Supply.

“International growth of Carrot Stix(TM) retail not only increases the revenue numbers, but creates International Brand recognition in The Carrot Stix and Element 21 names. The brand recognition and its value has yet to be reflected in Element 21’s financials,” stated Dr. Hearn, CEO of Element 21.

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